Thursday, November 21, 2019

USA, bastion of fake freedom and fake human rights lectures China on Hong Kong

Predictably, Chinese Communist Party is not happy at the US congress creating bills having to do with how China handles the unrest in Hong Kong.  While it's pretty clear that escalation of the situation is bound to happen between CCP and Hong Kong, it always amuses me how the US acts offended if someone meddles in our affairs but we think we are free to tell others around the world how they should be living their lives.

It's actually sad in some ways because it shows how two faced we are as a nation.  We have NO problem fomenting regime change using various tried and true methods, including economic sanctions that punish the innocent people of a foreign country in hopes that it will get bad enough that they go risk their lives overthrowing their governments in order to avoid starvation.  We are happy to kill foreign leaders even though that is not our role in the world.

In any case, China is now demanding that Trump veto the bill thus leaving Trump to decide if he should look weak and acquiesce to Chinese demands or to throw a permanent wrench in the resolution of the trade war.  For all I know, this new bill was Trump's idea.  If China wants his help, they need to give trade concessions.  In that case he could just say that if HK people want to be free then they have to earn it with their own blood, just like the USA had to earn it back in the 1700s.

On the other hand, if China won't agree to a deal then Trump can sign the bill and act like the savior of Hong Kong while putting us all at risk of world war.  I'm quite sure that Trump really doesn't care what happens to HK.  In fact if I'm honest, neither do you or I.  Oh sure, I write about it and I wish them luck in determining their future but if asked to go risk my life or the lives of my children or spend my money helping them I would opt out.  I know there will be plenty of challenges in the USA that might require me to risk life and money for my country and for that I will opt in.

Bottom line is that if HK wants a fair shake they better damned well start spending some of that legendary cash they have and go buy guns and anti tank munitions, etc.  They better go kill off their Chinese-picked leadership in the middle of the night and install a local patriot.  All of that is on them to do or to buckle under and accept slavery under the Chinese.  There is not going to be some grey area on this.  With China its "my way or no way at all".  The best thing we could do for HK is to set up untraceable arms sales to the people there.  When China rolls in the armor, the HK people must be ready to take them out with easily transportable TOW missiles.  This is what it does to a monster Russian T71 tank.  Another is the shoulder fired Javelin.  It doesn't take too many of these to wipe out a tank assault, especially given that the main way between China and Hong Kong is via a bridge.

Why is Exxon selling $25 bn in assets right now?

In bull markets, the big players have a ton of cash from operations which they use to buy everything in sight.  So why is Yahoo news reporting that Exxon is selling $25 bn in assets into this strength?  The article says it wants to "sharpen its focus" but that's a bunch of bullshit.  This is a retreat from Europe.   "The expanded plan will see Exxon effectively quitting its upstream oil and gas operations in Europe, where it has been present for over 120 years".  You don't just make major changes like this for no good reason. This is what I would do if I saw war coming and thought it was inevitable.

At the same time, we have seen MANY big name elite leaving their corporate positions for no stated reason.  Again this is not something you ever see when times are really good. 

The reasons for this are clear, and they are being clearly stated, namely that the debt is growing faster than the economy.  In a debt Ponzi, debt is taken on to goose the economy.  The economy reacts to all the new low cost money that is sloshing around.  It looks like strength, but it's not real; it was paid for with debt and it will have to be paid back at some point.  When that happens, the economy will be exactly as much weaker then as it was strengthened by the economic goosing.  In other words, it is nothing more than pulling tomorrow's consumption into today.

At the start of the Ponzi, $1 of debt has a huge effect on GDP, perhaps adding $3-$5 of GDP per $1.  But now in the US an additional dollar of debt does not buy a dollar of GDP.  That what Powell is telling us when he says the debt is outpacing the economy.  And in China I just heard that it now takes 7 Yuan of new debt in order to drive 1Yuan of GDP growth.  This is end game territory that I think everyone should be understanding.  The people who know how these things work are preparing for the inevitable.  If you are slow on the uptake it is going to cost you dearly.  Sorry for the bad news but now that you know the facts, put a plan together.  I can tell you what I am doing but I have had the luxury of seeing this coming a long way off.  People who are just waking up now have a much shorter time span available to them to react and to prepare.

Pedophile Prince Andrew gets sacked for hanging with Epstein.

As I have said in the past many times, the elite tend to be gays, pedos and gay-pedos.  I predicted that their heads would be rolling as a sign that we are entering the end days of the GDP (Global Debt Ponzi). Today's proof point that these words were, to say the least, insightful comes from the dailymail.  For some time Prince Andrew has been accused by a woman of having sex with her when she was a juvenile running with Epstein.  The prince came out and apologized for having hung out with Epstein but denies he pedo'd the girl back then.

Still, it's pretty clear he did it just by listening to the woman.  Additionally, people have now begun the internet meme of "Epstein didn't kill himself".  I just flew back from a business trip yesterday and someone had taken a Dymo labeler and created a label saying this and stuck it to the back of the airplane seat in front of me.

With this kind of accelerating pressure, the queen is trying to get in front of it even though she knew damned well the whole time what had gone on because she knew at the time was going on.  (mob boss voice on)You think any royal makes a move without the queen bitch don't know it?  Please. (mob boss voice off).

Of course she knew.  But as long as the people didn't know, it was OK.  The queen doesn't care about morality.  No elitist does.  But now its clear the people not only know, they aren't letting it go.  And because they won't let it go, queenie had to try to protect all British royaldum by letting Andrew go as Duke of York, relieving him of title and salary effectively immediately.

Of course there will be a royal slush fund for him; removing the public salary is just for show.  But no royal has been publicly denounced by the queen for as long as I have been alive and so this is no small thing.  The queen knows that she and her brood sit on high at the pleasure of the people.  And even though British royalty is little more than a tourist attraction these days, (or maybe because British royalty is little more than a tourist attraction these days) she acted quickly once she saw things spinning out of control.

This was a good move by her but I wonder if it was too little too late.  As we end this cycle, the mood of the herd is turning sour in the extreme.  Old traditions are being taken out and shot, just like removing bronze statues of ancient forefathers has been a thing for several years now.   I think British royalty might be living its last days as "a thing".  Not this year or next year mind you, but when the collapse begins in 2023 all the starving people are going to be crying and wailing "why should they get something to eat, they don't even work".  The people might just put an official end to the notion of royalty in England.

And yes, I'm sorry.  There will be starvation and not just in England.  I have explained why it must come to this even though I am pretty sure 99.9% of people think its hyperbole.  It's not.  It's math.  It's obvious that it MUST happen IMO and the reason is reduction in carrying capacity. Living off debt made it easy to eat and easy to breed but when debt can no longer be used to pay for the living of all these excess people, starvation and death will ensue among the fighting.

I'm not the only one who thinks this.  Jim Rogers wrote a book called a warning to Japan.  At this link you can hear him say a few words about it as a part of a larger interview.  Rogers advice for young people?  "If you are 10 years old right now, you better get out.  If you are 10 years old right now you should get an AK47 and learn how to use it.".  He half chuckles while saying this but it is a nervous laugh, one that implies many a truth was said in jest.  Who in their right mind would, as a lark, publicly advise a 10 year old from any nation to get an assault rifle and learn how to use it?  He's actually serious.  The reason is simple: condominium economics: the population is rapidly getting smaller and the debt is rapidly getting higher.  Those people who are left in the country will each have a higher share of the debt to pay.  Eventually it will have to be defaulted on, and this is the kind of thing that starts wars (both civil and international).

Our biggest sin was that we were tricked and we willingly fell for the notion that fake money is real and that there are no consequences for not allowing normal cyclic economic pressures to escape in real time as they are happening.  Bottling it all up until later is going to lead to a very, very bad time for all.

I'll say it one more time for those with ears to hear: get near a food source because when the shit hits the fan and the supply chain collapses the food will all disappear from store shelves in a matter of days and it could be a long, long time before any semblance of normalcy returns, and when it does it will certainly be a new normal that is different than what we think of as normal today.

Wednesday, November 20, 2019

The days of getting away with shit are just about over

When the herd is well fed and optimistic about the future, nobody cares what goes on, just as long as the herd is not negatively affected.  But when the herd begins to lose hope, get desperate and get disgruntled, things change.  And worse, when the herd gets scared, it is a scary thing in any of itself because a frightened animal does crazy things without thinking very much about the consequences.

The signs that I told everyone to look for as the early cracks in the system were that low level enforcers would stop getting umbrella protection from above.  If something bad happened in the past the herd would ignore it and move on.  10s of Clinton associates ended up dead, suddenly.  Nobody cared.  Nobody seemed to think it was coincidental.  And then just 1 month after the boston bombing ordeal, not one but two of those involved in covering that event die by falling out of a helicopter during a training exercise.  Again, the herd doesn't care how coincidental or unlikely it sounded because times were still good.

But things are changing.  Epstein was alive and well when he went in to prison but he didn't last long.  Private autopsy shows damage to his throat consistent with being strangled.  Cameras were shut off or otherwise deemed to have unusable footage.  But the herd is clearly not accepting the story for this and someone needs to be held accountable, so the guards involved are now going under the bus for criminal negligence in the matter.  Normally having easy scapegoats like this is enough to soothe the herd, but in this case people are starting to say the guards were drugged.

One of these days they are going to scapegoat the wrong crony and they will find out that someone knows something that they didn't think was known.  When the cronies figure out they are as disposable as toilet paper to their elite masters (instead of being the insiders that they have been led to be) there are going to be a lot of skeletons falling out of closets all over the place.

Tuesday, November 19, 2019

Laughable student debt rising.

I recently saw a chart that showed student debt to be one of the big debt growth engines in the past few years and it struck me as funny to see this because once a thing has become an internet meme, that is usually the peak of it.  Whereas kids were going to college and racking up debt partying, they now know it's a dumb way to go and so many are looking for another way forward in life.

So why is the student debt still growing like crazy?

Well, the answer is in a recent yahoo article and it centers about one word: forbearance.  It sounds like the lender being nice under temporary circumstances for the poor student but if you read the article, the liberal fool who the article is about admitted she deliberately hadn't paid a dime since graduating.  Meet Ms. Moral Hazard in the flesh. If you give a lazy shithead a way to avoid the honest path, they will avoid the honest path.

Her loan provider, Navient, is being accused of "pushing" its debtors into the forbearance plan in which you pay back nothing, but the debt against you grows with compounding interest.  So the debt of ms Something for nothing Moral Hazard has been growing despite the fact that she has been out of school for many years.

And so Navient counts her failed loan, and the hundreds of billions of failed loans of others, as "assets" to be collected on their books.  If they were forced to mark to market, Navient would immediately go BK.  The only reason they suggest forbearance is because they know if they send the loan to collections, they have to move the failed loan from the "asset" column to the "loss" column.  And like any bank, if they have too many losses it becomes apparent they have no capital.

Navient will ABSOLUTELY BK.  100%.  Because if Ms. liberal fool didn't pay 60k then she's not going to pay 100k either.  And if they garnish her wages you can bet this useless lump of biomass will just quit her job and demand welfare.  Navient and others in this space will never collect on these trillions in bad loans.  These people will just vote in a socialist and, while blaming the system for their situation, will demand loan forgiveness.

What a fraud. The whole thing is one big fucking lie.  And the longer it goes on, the worse it is going to be for all of us when it finally collapses.

Sunday, November 17, 2019

Pensioners are going to get stiffed.

Bloomberg reports that "Severe $15.8 trillion  pension crisis looms worldwide.", attributing this comment to the G30.  It means that the top 30 countries in the world will be a combined 15.8 trillion shy of their pensions being fully funded by 2050.  I hope people don't pay attention to a word of this.  It is liberalism 101 to tell enough truth to get people to think you are sincere and then in the last 5 or 10% of the story you lie your ass off in order to send the false message that you want to send.

In this case, they tell you everything is under funded, and you can also infer that its underfunded at the end of a huge stock market expansion.  What do you think is going to happen when markets finally revert to the mean, or worse?  Do you think that funding gap will get better?  No way.  It will double or triple. 

AND THEY KNOW IT just like anyone who is not being misdirected or led around by their nose.  There is no way they are going to last until 2050 before a pension crisis occurs.  They have less than 5 years IMO. By that time the interest rates will be skyrockets, the markets will have lost 75% and we might even find ourselves at war.

All this talk of 2050 is simply to make people think the issue is not imminent.  But if you understand elite speak which is to say Orwellian double speak you know that when they say we have until 2050 that they really mean something bad is going to happen much much sooner.

Bloomberg tries to apologize for past borderline tyranny

Michael Bloomberg is sorry for being an authoritarian tyrant.  No really, he's sorry now.


As past mayor of NYC, 14th richest person in the world Michael Bloomberg backed and demanded police escalate the practice of "stop and frisk" which was a clear violation of the 4th amendment.  Under this policy, cops were given a contact quota, which in other words means, a pay based requirement to stop people who had been suspected of no wrongdoing and physically search them based on no suspicion of having done anything illegal.  If you resisted this illegal activity, you would be charged with a crime, slammed to the ground, taken in and booked and then have to deal with the court system.  If you fought hard enough to avoid having armed thugs with badges alienate you from your unalienable rights, you would be killed on the spot if needs be.  It was a complete travesty of justice and now even the police union is telling us that they told Bloomberg it was an ill advised policy.


While I agree that you are likely to catch some people doing the wrong thing using this tactic, the real question is "at what price".  At what price do we receive the stated benefit of the action?  It is the same thing I must ask everyone who thinks that disarming honest people each time there is a shooting by some crazy fucker.  It's sad that someone got killed but the knee jerk reaction of disarmament, even if it were possible without triggering a second American revolution, is not without consequences.  An armed populace keep government from being tyrannical.  Tyranny and the use of deadly force are always the easy way to force people to do your will, but not if they have the means to fight back.  Once we are disarmed, government will have free reign to use a heavy hand to push us around and there will be no apologies offered in that case.  Apologies are only offered when needed and a subjugated populace is deemed not to need very much, including food shelter or clean water.  Don't make it easy for government to be assholes to the people.  Stay armed no matter what.  It is everyone's responsibility to do so, don't leave the dirty work to someone else and then later on have a clear conscience when receiving the benefit of other people's work and sacrifice.  Do your part.


But I digress.  As for Bloomberg and his apology, it is no coincidence that said apology only comes after he has announced candidacy for president.  Before that, apparently, he wasn't sorry at all.  He certainly was not sorry while he was being allowed to do it.  He clearly thought that stopping mainly black people and frisking them like they are all criminals was a smart move.  But now he thinks a left handed apology is going to appeal to the DEM demographic?  Well, all I can say is that if anyone buys this fake apology they deserve what they get if they elect him.  Bloomberg's only goal is to keep America nice for rich people.  If the road to that outcome must be paved with the ground up bones of the poor, that's exactly what this rich elitist asshole will do.


If, at the end of WW2, Hitler had simply stood up and said "Killing all these people and invading all these nations was wrong.  If you felt that I hurt you with my actions, sorry about that.", would you then elect him president?  If Jeffrey Dahmer had said "really sorry for my lack of judgement killing people and storing their heads in the fridge" would you then hire him to manage a day care center for your kids?  You get the point.  Those who commit serious crimes cannot just justify them away with an apology, especially if that apology was politically motivated which it clearly was in the case of Bloomberg).  And yes, Bloomberg should be charged with 900,000 cases of depriving American citizens of their constitutionally protected 4th amendment rights.


In fact, Bloomberg deserves the death penalty for these actions, not according to my wishes but ACCORDING TO THE LAW.  Read it!!:


"Section 242 of Title 18 makes it a crime for a person acting under color of any law to willfully deprive a person of a right or privilege protected by the Constitution or laws of the United States.
For the purpose of Section 242, acts under "color of law" include acts not only done by federal, state, or local officials within the their lawful authority, but also acts done beyond the bounds of that official's lawful authority, if the acts are done while the official is purporting to or pretending to act in the performance of his/her official duties. Persons acting under color of law within the meaning of this statute include police officers, prisons guards and other law enforcement officials, as well as judges, care providers in public health facilities, and others who are acting as public officials. It is not necessary that the crime be motivated by animus toward the race, color, religion, sex, handicap, familial status or national origin of the victim.
The offense is punishable by a range of imprisonment up to a life term, or the death penalty, depending upon the circumstances of the crime, and the resulting injury, if any. "


If Bloomberg were only guilty of a few instances of deprivation of constitutional rights under color of law then no, I could not see the max penalty imposed.  Let's be generous.  Let's give him 100 free passes on this.  No, even more generous - look the other way for up to a massive 1000 acts of deprivation of someone's constitutional rights under color of law.  But under his tenure there were an estimated 900,000 occurrences.  Sorry, I cannot look the other way for this.  Doing so indicates that laws are for the poor only and rich people just laugh them off.  And that is the recipe for the end of civil society.


OK, OK, so if at some point these actions are judged under our legal system (and not just IMVHO) to be unconstitutional then Bloomberg should be called to account for willfully depriving people of their constitutional rights under color of law, do you agree?  I mean, the law is clear.  Are these laws just for you and me or does King Michael also have to live by them?  If so, then let's warm up the gallows because a federal judge already ruled that it was unconstitutional back in 2013.


"In her 195-page decision, Judge Scheindlin concluded that the stops, which soared in number over the last decade as crime continued to decline, demonstrated a widespread disregard for the Fourth Amendment, which protects against unreasonable searches and seizures by the government, as well as the 14th Amendment’s equal protection clause."


Yes, that's right, a federal judge said that Bloomberg had demonstrated a "widespread disregard" for people's constitutional rights.  Why this elitist was never physically burned at the stake in the aftermath of this ruling is a question everyone should contemplate.  I guess, as Mel Brooks quipped, "it's good to be king".


Fuck you Bloomberg.  Anyone with a brain knows that you will say whatever it takes to get in power and then you will step on the faces of the people in order to achieve your idea of utopia because you think being rich makes you know what's best for everyone.  You have learned nothing from your stop and frisk apology.  You are a lying, disingenuous elitist  con man. 


Finally, it should be noted that crime has fallen massively since government stopped treating everyone (meaning every black person) like a criminal.  No, really.  This again proves that Bloomberg has no vision, no insight into governing.  He's a heavy handed authoritarian who thinks he owns people like cattle.  Justice will not be served until he is put to death because if I have to be held to the written law then so should he, and the law says that what he did to 900,000 people is punishable by death. 


If the circumstances of his crime is not strong enough to warrant this harsh outcome then what would someone have to do?  I guarantee you that if I personally did this to 20 people then someone would be saying that it was enough to warrant max penalty.  But Bloomy overtly oppressed 900k people and he changed the way that minorities lived their lives, always in fear of a government sanctioned police shakedown.


Burn, witch.
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