What's that smell?

Oooo-ooooh that smell!  Can't you smell that smell?  Oooo-ooooh that smell! The smell of death surrounds you!

Truer words were never spoken, or in this case, sung.  The massive liberal military industrial complex, the deep state, all the corruption that mammon money has bought is now in major trouble.  The herd is waking up and it is moving right and the elite know it.  Thus they must move to the right as well because they can only be elite if the herd says so.

Turns out the elite are not really all that powerful after all.  They are, as I have said would be revealed as part and parcel of the collapse of the global debt Ponzi, actually very weak and vulnerable.  They cannot stay in power by force, they have to trick/intimidate/coerce/bribe or otherwise convince the herd into agreeing.  When the herd stops agreeing, the elite are no longer elite.  How foolish it was to be afraid of little men, little tricksters, tricksy gollums all.

The herd is losing (or in my case, has lost) confidence in the con and when a rapidly growing mass of people wake the Hell up and see the scam that is being played on them then the powers that be have to do whatever they can in order to regain confidence.  Folks, if critical mass enters the awakening stage then it is not going to be pretty.  This is what I have always meant by "we ain't seen bad yet, but its coming".

We are still very early in this process of unwinding the rabid liberalism that has taken over our nation and in fact the globe.  But we are not so early that the alleged FISA abuse memo cannot turn out to be true and to have real implications on the deep state.  The recent forced resignation of FBI director Andrew McCabe is the latest in a series of incidents which prove that even made men in the government mafia can, are, and will be thrown under the bus in order to try to placate the herd.  But with each revelation, more and more of the card carrying dyed in the wool liberals realize that the conservatives / conspiracy theorists like me have actually been right all along.  And boy do they feel stupid for having been fooled like that.  Their pride has been damaged and that is not something that will easily be repaired.

Also of note today we see that liberal dem mayor of Hallendale Beach, FL. is now in serious deep shit after having gotten busted in an FBI sting.  "The mayor faces charges of money laundering, official misconduct, and exceeding limits on campaign contributions. Each of the charges is a 3^rd-degree felony, she’s also been charged with soliciting contributions in a government building, which is a first-degree misdemeanor.".  Actually, she is now the ex-mayor with all of her power having been officially suspended pending outcome of the charges.  And I can guaran-damn-tee you that the FBI did not set the noose until they had this criminal bitch dead to rights.  You can see that some areas of the FBI are now breaking away from their liberal masters and are now doing their job again.  Why now???  You mean to tell me that Joy Cooper is just now a new criminal? HA HA HA!  She's been dirty for a long time.  She got used to it being easy.  She forgot that all this shit was felony city.  She felt she was entitled to all of this.  So no, she is not new to this and people, including the FBI have known for a long time.  But now the FBI is under attack with the perception that the whole organization is corrupt, which it is to some degree on every level, and they need to change the perception.  THAT and only that is why we are seeing these criminals go under the bus.  It is happening just like I said it would happen and trust me when I tell you we have barely scratched the surface here.  Closet doors will be flung open and massive skeleton piles will go rattling across parking lots for all the world to see.




American exceptionalism indeed.

The elite know that the herd is restless.

Today I want to again link to another proof showing that the elite are not stupid, slow, foolish or any of the other words that people use in their anger against them.  In fact, the elite are educated, intelligent, cunning and sharp.  Unfortunately, they also have no morals whatsoever and are sociopaths by nature.  To them the herd is a resource to be managed, milked, bled and slaughtered as needed for their sustenance.  The herd is a slave labor force which is tricked by guile into doing the bidding of the unkind master.

But the slaves can only absorb so much punishment per unit time before they become as the African buffalo in the Battle of Kruger.  And folks, the herd is getting restless.  Are the elite aware of it?  You bet your ass they are.  This is what one of them recently told his peers, "“I just warn the Davos establishment: There’s an anger building out there that you need to recognize and deal with".  Call me crazy but I think that smells like fearful elite wondering how to avoid getting trampled in the coming stampede.

The recent money flood to the lower workers via wal-mart and fedex pay increases and bonuses is only a short term fix.  Either the economy will go into recession again leaving many hungry and unemployed or inflation will begin to finally become a problem after all these years.  Either way the marginal players at the low end of the pay spectrum are always hit the first and the worst.

A few years back the early version of these same warnings was that wealth inequality leads to pitchfork revolutions.  My only comment on that is that the AR-15 is the new pitchfork.  Got .223?

Will [Dell] BK under the debt of the EMC acquisition?

When the credit is flowing everyone who takes on debt is growing.  That's what is so insidious about a rubber band "money" supply based on fiat currency and fractional reserve banking.  It is such a liberal con game!  Here's how it works:  The federal reserve creates the so called monetary base and then tells banks they can create nearly limitless new currency known as credit.  This credit is fractionally reserved meaning that by design there will be more debt in the economy than actual currency.  This corrupt pump and dump scam always leads to the same thing: boom and bust.  Bubble after bubble.  Each bubble bigger than the last all leading to a final collapse which is so huge that it threatens to break up the country.

This is just what happened to the USSR in 1990.  The result was that the USSR collapsed and then broke up into Russia and a bunch of x-sthans.  Don't think it's possible in the USA?  Think again.  The only real benefit of the federal government is its ability to play Santa Claus to the states by printing up currency from thin air and distributing it to those who will do its bidding.  But if ever the dollar hyperinflates again (recall Lincoln's Continental Dollar?) the federal government will lose all control over the states and I can guarantee you that some of them are going to vote to exit.

Let's say you are a conservative person who does not like debt.  Well, the fake fractionally reserved money supply is going to seriously disadvantage you against your competitor who takes on lots of debt early on in order to grow.  At some point, if you don't take on debt to grow you are either bought out or pushed out of the market by those that will.

Consider a conservative manufacturer of widgets who prefers to save money before expanding and improving his production capacity.  How will he compete against someone who uses mounds of debt in order to buy the best equipment and the highest levels of automation?  These things reduce human labor and thus his cost of operation.  He then lowers his price until the honest conservative guy cannot stay in business with his higher cost overhead.  So in a corrupt system you either become corrupt in order to play competitively or you stay out of the game.

Now, every game eventually ends and that includes the game of Debt Ponzi.  What happens is everyone and their dog becomes massively leveraged in every way possible because that has clearly been shown to be the way to win.  This how everything thinks at the peak of a Ponzi.  It all just looks so perfect, so easy.  How can I get out now???  Won't the train leave me standing on the platform?

The only people who are ever happy that they were part of a Ponzi are those who knew it was a Ponzi and who created an exit plan so that they would know when to get out.  Then they would have a lot of nice stuff as everyone else collapses back down from whence they rose on the back of the Ponzi.  In other words, most people who ride it up will not know when to get off the ride and take something off the table with them.

Dell went private following the previous market collapse and then in 2015 they took on billions in low cost debt in order to Buy EMC.  Now there are apparently rumors going around that they are beginning to choke on that debt.  Like someone who overspent on a college education that subsequently did not turn into a revenue stream big enough to service the debt, Dell took out a loan for EMC and now the industry suspects the revenue stream is not keeping with the debt service.  You know this is the case when companies scramble to sell assets.  When GE was selling everything that wasn't nailed down I was calling that out in these very pages.  Any now I smell trouble at Dell as well.

Credit where credit is due

In a liberal world, the government tries to make fake truths "by fiat" or by decree.  The government say everyone is equal in everything.  Of course its not true in reality but the government has the ability to not only spend part of my current paycheck (forced taxation) but part of everyone's FUTURE paychecks (massive, unpayable debt) in order to create the illusion that it is true or at least to punish anyone who is brave enough to disagree.

In a conservative world, people don't need the government.  They do for themselves.  The weak and elderly are not uplifted but instead the strong and productive get their due.  Conservatives do not need government help to do what they are going to do.  I can hardly find a better example of this than this video about a powerhouse of a woman named Christmas Abbott.  As the first woman pit crew member for NASCAR she is basically the GI Jane of NASCAR. 

Watch the vid because it is awesome to see a woman go get what she wants not by government fiat but by working her ass off to get it.  Just amazing to see such a well adjusted, highly physical, non feminazi person carving out her own little place in history.  This should also serve as good evidence that there really is no discrimination in the work force. 

Liberals who will not do what it takes to get ahead just whine about discrimination but most companies that pay high wages are like NASCAR - highly competitive.  As a result, they will hire and retain whoever can do the job the best.  Not because they are nice people but rather because if they don't then someone else will and competitive advantage will be lost.  But the notion that you can just walk up and be accepted because you are you is foolish.  The best corporations do not want to hire people.  They want to pay for capabilities and performance.

Props to NASCAR pit crew member Christmas Joy Abbott.

The banks are in trouble now.

Anyone with a brain can tell that tons of illegal shit is going on within the walls of all global banks.  All you have to do is look at the profits they have been making these past 50 years.  Bankers are now richer than everyone somehow.  People who actually work very hard for a living producing something, like farmers and US manufacturers, are struggling.  But the banks are rolling in the dough.  What are essentially administrators and book keepers are now standing at the top of the heap.

This, I assure you, is not normal.  Banking is supposed to be and historically has been a very conservative affair.  What was true in the past will become true again in the future even if nobody understands how it can possibly come about.

But I'm telling it in real time' I'm explaining it with examples.  Their dominance came over time and by degree and their cycle back down the food chain will occur the same way, except faster.  On the way up what happened was that a system developed whereby illegal activity was papered over with corporate bribes to government and likely to government officials.  This allowed banks to profit handsomely from the illegal activity of its operators AKA employees.  When an employee would get caught doing something, the bank would whisk him out of the limelight and replace him with a lawyer. The bank would then provide umbrella protection with a shower of money.  The bank would then admit no wrongdoing for the record but would pay a fat fine.

But as conservative ideals begin to take hold, fewer people live on debt and that means less profits for banks who in turn have less money for payoffs and bribes.  They don't tell their operators about this of course because they want them to continue stretching the limits of the law in search of profits.  The operators assume they will be shielded like before.  But the policy change at the top is eventually disclosed with actions like we see in the news today where UBS actually ratted out their own operator for his illegal and fraudulent behavior.  The upper ranks probably saw the operators cross a line which would eventually be caught anyway with the new scrutiny and so so they threw the operator under the bus by "self reporting" the viloation (AKA ratting him out).

So for the moment these banks saved themselves a bit of money in the fines, all of which were in the chump change few million dollar range.  But they have also sent a huge signal out to their operators by doing this which is that the party is over.  You no longer have to be careful that your scam is not picked up by the feds (who are now suddenly doing their jobs again), you also have to watch out for your boss.  That is just too much risk for most players and so they will stop the games that made them so much money.  This will certainly show up in the bottom line of the banks in the next couple quarters.

[GE] collapse update

Even a collapsing stock like GE needs the occasional Elliott wave defined breather in order to suck more fools in before heading lower.  I wonder if this will BK and then be broken up in BK court or if it will break up to stave off BK? 

GE has been a debt Ponzi for many years, a shadow bank which over the past few years was likely forced to sell off all of the shell game financial "assets" that it had which protected its earnings from a fair analysis.  With those protections gone and without the implied "too big to fail" backing of the federal reserve, GE is done for.  I believe that the fed likely ordered GE to divest like that because it was a systemically important financial institution (SIFI) as defined by BASIL III.

The 2/B wave can bounce higher than the level of the prior 4th so it bears watching (no pun intended) as to how high the 2B wave jumps.  But if it does so in 3 waves then the shorts will come right back in on this one.