Forecast: Great Global Depression begins 2018; Trump and Euro skeptics will be blamed. Qanon is part of the distraction.

[ThePythonicCow]

.
I have been and remain convinced that a major way that the elite bastards manipulate humanity is to drive us into debt, and then collapse the economy, so that they can both collect the collateral backing the failing debt, and institute sweeping changes that would not have been accepted in better times.

Over, and over, and over, through the centuries, the bastards get individuals, corporations and governments deeper and deeper into debt, and then the bastards crush the income of the indebted, forcing default.

We, humanity, are now burdened by the greatest debt burdens in recorded human history. Individuals, corporations and governments, large and small, rich and poor, world wide both (1) now owe more than they have ever owed, more than they could repay, even if good times continued, and (2) depend increasingly on both (2a) government promises of social benefits and (2b) financial industry promises of returns on insurance and retirement plans, which depend in turn on ever rising stock, bond, and business returns.

===

The Great Global Depression is bearing down on us.



All nations and corporations outside of the US that owe any significant debt denominated in US Dollars will be unable to repay that debt, as US Dollars abroad become increasingly scarce. Trump's Tax Bill of late 2017, and his new raising of trade tariffs, are two of the measures that are shrinking the available supply of US Dollars outside of the US.

The European Union has its own immense and still expanding debt crisis. I don't understand the dynamics and details of it as well, but it's surely a train wreck of great proportions, waiting to happen. Whatever elements of European culture, tradition and nationality are least liked by the elite bastards will no doubt be blamed for the immense train wreck, once it unfolds.

Within the US, where I have studied matters more, I suspect that the ever excellent Brandon Smith is right, in his most recent article White House Soap Operas Distract From Real Global Dangers (http://www.alt-market.com/articles/3398-white-house-soap-operas-distract-from-real-global-dangers). Brandon writes that Trump is being setup to take the blame. The political dramatics that have so engaged both the "left" and the "right" (e.g. Trump's tweets and Qanon's posts on 4chan and 8chan) in the US in the last couple of years, surrounding Trump, Hillary, and related drama are an equivalent to the "Bread and Circuses" of the Roman Empire. Trump will be blamed for starting a trade war, and that trade war will be blamed as a major cause of the Great Global Depression that begins, I expect, in 2018.

===

The timing of the beginning of such credit collapses is always tricky to forecast. Like many arm chair analysts, whether untrained part-time amateurs such as myself, or respected financial experts, it seems that for every correct forecast of a major event, there are ten more such forecasts that come to nothing.

Yesterday, Zerohedge had an important article, which causes me to once again anticipate that this is the year that "It blows up, real good." The Zerohedge article Soaring LIBOR Is The Story Of The Year, Not The Fed (https://www.zerohedge.com/news/2018-03-21/morgan-stanley-soaring-libor-story-year-not-fed) documents the strong rise in LIBOR, to levels not seen since the 2008 crash. "LIBOR" is the London InterBank Offered Rate, which is a measure of the rate that banks are charging each other for short term loans between themselves.

This sharp rise in LIBOR, alongside other measures such as the rising Fed Funds Rate (of the US Federal Reserve) and the increasingly aggressive reduction in the Fed's balance sheet, are all indicators of the sorts of actions taken, again and again through the history of at least the last few centuries, when the elite bastards starting cutting back on easy credit and crashing the stock and bond markets, so that they can pick up the pieces for pennies on the dollar and institute sweeping changes.

===

I especially recommend the above linked article of Brandon Smith - he writes well and in a way that I expect quite a few of those reading this post will appreciate.

The above linked LIBOR article on Zerohedge is a bit more for eggheads who have taken more interest over the years in financial markets. I find it to present a powerful case that the time of the next great debt collapse is rapidly approaching.

Given the size of the size of the world debt market, including the size of promised financial returns and social benefits that will not, can not, be kept ... the next great debt collapse, when it does occur, will likely be the greatest such collapse in recorded human history.

[indigopete]

Good post.

b.t.w. Tom Luongo has a really great, must-listen commentary on the rising Libor rate.

https://www.youtube.com/watch?v=FUo04SM-bmM&feature=youtu.be

[Honesty]

Wars will precede the global economic collapse and reset.

[ghostrider]

Prophecies foretell a time a suffering that earth has NEVER seen nor will ever see again ... My concern is a monetary collapse, then a catastrophic event like the Yellowstone magma chambers erupting... Tie any natural disaster to a global financial collapse and things could get real... There have been too many weather anomalies recently, we must be on our toes ...

[Flash]

Yes White House soap opera distract from the main problems in my opinion as well, from what is happening worldwide, and mostly from new learnings. If the populace awake, it is game over for the cabal. But the populace is still firmly asleep.

I will post this video, but I am not finished listening - Ronald Bernard explains very well how the Central Bank in Switzerland gather all the banks in the world and directs everything. He explain that the high cabal's profits on our labor / money is an astounding 45% interest.

He also explains the different steps in gathering money and power for the cabal, and where they are at (if I remember well), before going into a financial crisis (got to revise the video)

The video is in Dutch with English subtitles, but worth reading all the way - some of us already know part of it yet, I still learned some new stuff.

Can you imagine if the 45% interest they gather on our money/labor would be ours, what we could do with it?

On the other hand, everything has been put in place to increase the amount of secondary narcissists (psychopaths) so that solutions would be block every inch of the way, first of all in very local endeaviours, by very local narcissistic people. I have local personal stories on this that would make all your hair curl or go straight (electric shock).

I have no time right now to detail the video, and I have to finish it - he gives some solutions at the end, once we put the local mini cabals directed by secondary narcissists down. But I will come back later, I am posting not to lose it.

We may be in for a wonderful world after some real misery - but imo not worst than what most of the planet and its people are living in right now (the West we have been the spoiled ones).


http://www.youtube.com/watch?v=457akZFYnHo

Publiée le 28 juill. 2017


'Free and Joyful out of the crisis with a new Bank and Currency'. After this fascinating lecture you’re at risk seeing nothing as 'business as usual' anymore. This lecture shows why many people live in scarcity and dissatisfaction. With one’s own bank as B of Joy, citizens will be in control again. As it happens, we’re the only real value and change ourselves. Nobody else! This lecture offers a view on a healthy economy and a fair society. In short, real changes, prosperity and wellbeing for each participant. More info: https://bofjoy.net

[Foxie Loxie]

Ronald Bernard is an amazing person! Thanks for posting this video! :highfive: He has LIVED it so knows what he is talking about!

[ThePythonicCow]

Wars will precede the global economic collapse and reset.
Most likely, though I tend, perhaps just by habit, not to anticipate such.

Such events as the Japanese attack on the US base at Pearl Harbor, that got the US into World War II, or the events on 9/11 of 2001 that got the US more seriously engaged in the (so called) War on Terror, are difficult to anticipate. Such events are deliberately setup as surprising and shocking events. People don't march off to war just because the economy or the stock market suffered a down turn.

However, now that you remind us, I'd have to agree that some of what the elite bastards (apparently) figure is necessary will require another shock of war, that grips the major nations (US, Europe, Russia, China, (*), ...) in a serious shock, more serious than the 3000 or so that died in the US on 9/11 of 2001.

The bigger the landscaping change one plans to make, the more the dynamite and the bigger the bulldozer one needs. The dynamite "blows things up real good", and then the bulldozer pushes aside the rubble to make way for the new structures.

Ouch.

===

P.S. -- (*) ... and the Middle East ... the center of The Great Conflict for thousands of years, so far.

[Cidersomerset]

The poisoning in Salisbury makes no sense for Putin or Russia ,but does for the
Deepstate keeping the pressure on Trump not to do anything stupid and cooperate
with Putin, and the UK to get a better Brexit deal and help the globalists and if they
do a good enough job get another vote for security reasons hoping this constant
fear porn will switch the relatively few voters to stay in the EU.......Also the threat
of a global recession will get the LondonBanksters to press for another referendum,


Sergei Skripal: who was behind the Salisbury poisoning?

http://projectavalon.net/forum4/showthread.php?102079-Sergei-Skripal-who-was-behind-the-Salisbury-poisoning&p=1216109&viewfull=1#post1216109

[O Donna]

I have been and remain convinced that a major way that the elite bastards manipulate humanity is to drive us into debt, and then collapse the economy, so that they can both collect the collateral backing the failing debt, and institute sweeping changes that would not have been accepted in better times.

The indicators I've seen sure suggest that this is the direction it's headed.

It's like the largest growing financial bubble of the modern era. Everywhere I look I see the cost of things going up year after year and each government entity wanting more of it's citizens income in both obvious and subtle ways. That wouldn't be as much of an omen if the average citizen's income increased to offset it. I don't see how this doesn't collapse at some point. The question being at what velocity does it occur?

It reminds me of the dot com bubble (~1997 to 2001) and the US housing bubble (~2006-2012). I thought back then before their collapse, "how can these be sustainable plans for financial success for average working class citizen?"

[Justplain]

I would say that transfering assets into useful real estate is a realistic way to hedge against global financial collapse. I wouldnt invest in rental real estate given the rules being rigged against landlords, but would suggest a recreational property that can be used for multi purposes, such as providing shelter, growing food, supplying water and wood for fuel. It being a recreational property, even if there is no crisis, one can still use the real estate for vacations, etc. This may not be practical for some, but probably available for many if approached creatively.

Even if one invests in real estate, i would still keep some funds invested in traditional instruments like bonds (personally i like convertible debentures) or traditional hedges like gold and silver. It is nice to have enough yield to sustain oneself in a downturn. In a real crisis one can then live off the land.

[ThePythonicCow]

I would say that transfering assets into useful real estate is a realistic way to hedge against global financial collapse.
Unfortunately, most real estate is now purchased using debt, so the price paid goes up, as the interest rate goes down (since most of the repayment is interest on the debt, and since the highest bidder will be the one who can borrow the most.)

Real estate will continue to have value (unless and except when it is repossessed by the elite bastards for "national parks", infrastructure, Agenda 21 compliance or other excuses), however paying $500,000 or $1,000,000 for a piece of property that will have a market value of perhaps $100,000 or $200,000 after the 30 year bubble in US Dollar debt collapses, the US Dollar loses value, inflation spikes, and the economy collapses ... is not a very good way to preserve one's real net worth.

I'd recommend to arrange one's housing to have as little connection with debt as practical, either owed to others, or others owing to you.

Along with that, I'd recommend arranging one's affairs to require as little cash outflow as practical to maintain the standard of living that one can sustain without excessive stress.

Happiness is (will soon be) a positive cash flow, owning what one needs, and owing or being owed by as little as possible to as few as possible.

[Wind]

"You control the debt, you control everything."

LFqx2sROwsE

[ThePythonicCow]

Good post.

b.t.w. Tom Luongo has a really great, must-listen commentary on the rising Libor rate.

https://www.youtube.com/watch?v=FUo04SM-bmM&feature=youtu.be
Here's another good Youtube video talking about the LIBOR rate, with a bit more technical detail:
Hga-tWn-zcQ
The video concludes with these words:

The Federal Reserve ultimately runs the show. The entire economy is a scam and a sham controlled by this central banking empire, and whenever they want, they bring this whole thing down.
Alarmist ... yes. But I believe that the situation is indeed alarming, and that this video is reasonably accurate.

[Flash]

When I was writing in my previous post that not only we have a cabal raking in 45% interest on everything we consume, borrow, etc, but I also wrote that narcissism (and therefore psychopathy) is on the increase in the general population. I called it secondary narcissism (Ronald Bernard did not talk about this, it was my conclusion)

This means that the economy can be destroyed, and few people will be alarm as long as they are not direclty touched, and when they are, it will be more and more "evertng for myself" hampering cohesiveness and collaboration amongst the 99% poors that we will become.

The bastards, they thouht of everything

Well, here the proof



Analysis of some 14,000 college student surveys over the last three decades finds that self-reported levels of empathy for others have decreased. Steve Mirsky reports


Full Transcript


As you get jostled in the daily rough and tumble, does it feel like other people care less about how rough you have it and how much you’re getting tumbled? Well, your suspicion may have some data to back it up. Because according to an article in Scientific American Mind magazine, analysis of surveys of college kids reveals that self-reported empathy has been dropping for the last 30 years. And empathy really took a nosedive in the last 10 years. [Jamil Zaki, "What, Me Care?"]

Nearly 14,000 student questionnaires that were completed in the last three decades were used for the study. And 75 percent of those surveyed today rated themselves as being less empathic than what was the average score 30 years ago.

One possible explanation is social isolation—we tend to do more things on our own and engage in fewer group activities than we used to. Another possible cause is a decrease in reading fiction for pleasure. Studies have found that the number of stories preschoolers read correlates with their ability to understand other people’s emotional states. The good news is that if empathy can go down, it can also go back up. You feel me?

—Steve Mirsky
https://www.scientificamerican.com/podcast/episode/self-reported-empathy-dropped-over-10-12-28/

[Justplain]

I would say that transfering assets into useful real estate is a realistic way to hedge against global financial collapse.
Unfortunately, most real estate is now purchased using debt, so the price paid goes up, as the interest rate goes down (since most of the repayment is interest on the debt, and since the highest bidder will be the one who can borrow the most.)

Real estate will continue to have value (unless and except when it is repossessed by the elite bastards for "national parks", infrastructure, Agenda 21 compliance or other excuses), however paying $500,000 or $1,000,000 for a piece of property that will have a market value of perhaps $100,000 or $200,000 after the 30 year bubble in US Dollar debt collapses, the US Dollar loses value, inflation spikes, and the economy collapses ... is not a very good way to preserve one's real net worth.

I'd recommend to arrange one's housing to have as little connection with debt as practical, either owed to others, or others owing to you.

Along with that, I'd recommend arranging one's affairs to require as little cash outflow as practical to maintain the standard of living that one can sustain without excessive stress.

Happiness is (will soon be) a positive cash flow, owning what one needs, and owing or being owed by as little as possible to as few as possible.

Hi Paul, i understand your skepticism of buying land with significant debt. One should try to do these things without taking on heavy debt. One should remember that land has almost consistently been a very good hedge against financial fluctuations. The money paid for land might become worthless later but one still has the land, which can support one when finances have failed. A typical example is in Russia during the financial crisis in the 90's when the government there wasnt paying wages or pensions, the people moved out to their cheap dachas, in semi abandonned villages from the state run farm soviet times, and grew enough food to live on.

Not all land is expensive, one just needs to be open minded of location. I know this to be true having gone thru this process myself.

Also, urban farming permits the growth of organic food in the city. In this case it’s in Los Angeles:
7IbODJiEM5A

[Ernie Nemeth]

That is very interesting Flash.

I have also noticed that focussing on a person's life makes me more connected and connecting. I try to think not only of the person who is in front of me, but also of their family and worries and just that they have a life outside of this moment with me. They have people who love them and depend on them. They love just like me. It often helps to soften the interaction and make it deeper and more meaningful. Every moment is a chance to uplift or be like most everyone else, not present.

Paul, A global depression constitutes an insolvency, right? So it is the lack of physical money that causes a loss in the velocity of exchange? It sounds ludicrous, that a fiat currency can have such incredible power.

I think we value wrongly. If we placed value on true wealth, instead of various schemes that can always be manipulated, and if the population understood the "new" currency was based on a tangible crucial to their own survival, like they believe today a piece of paper with some ink on it is, that sort of value would neither appreciate or decline. We have got to find a new way.

[ThePythonicCow]

Hi Paul, i understand your skepticism of buying land with significant debt. ... Not all land is expensive, one just needs to be open minded of location.
Yes - if you can buy land, or shelter, without either putting yourself in debt, and without paying a price that has been driven up by other potential buyers of that or similar property by debt funded purchasing, and if your can put it to use growing food or providing a place to live, then it can be an good way to ride out a major economic and financial depression.

[ThePythonicCow]

Paul, A global depression constitutes an insolvency, right? So it is the lack of physical money that causes a loss in the velocity of exchange? It sounds ludicrous, that a fiat currency can have such incredible power.
In my view, the question inflation or deflation, meaning of too much or too little currency in the market, is rather secondary.

For an example from my life, whether inflation runs rampant, and my Social Security check increases 100-fold, but my grocery bill increases 400-fold, or whether deflation hits hard, and my Social Security or pension check is cut to 1/8-th of its present amount while my grocery bill is only down by 1/2 ... either way, my grocery bill costs 4 times more of my available cash flow. Such "quantity of money in circulation" calculations miss the more important issues.

A more important question compares the promises of future goods and services, versus the future ability of an economy to deliver those goods and services.

To extend this example from my own life, if more of us American baby-boomers are in retirement, expecting someone else to grow, manufacture, produce, and deliver the goods and services we expect in our retirement, while fewer actual farming, manufacturing, production and distribution jobs and companies are actually functioning, and while the cheaper imported goods that we have come to rely on from lower paying regions of the world are no longer as cheap or available because other nations and peoples no longer want to be paid in US Dollars and US Treasury bonds of declining value ... then us baby-boomers will necessarily have to get by on less.

The fundamental problem with debt, and with debt fueled "investment gains", such as in real estate whose price is driven up ten fold by easy mortgage lending for decades, or such as investment, insurance and retirement funding, whose promised returns have been driven up ten fold thanks to easy money lending (e.g., some major corporate stocks go up in price when that corporation borrows easy money to buy back some of their stock), or such as ever expanding promises of social, medical and welfare benefits funded by ever expanding government debt, ... the fundamental problem with such ever expanding debt is that it means that there is even increasing promises of future goods and services that such increasingly exceed even the most optimistic real deliverables.

Sooner or later, we will come to the realization that all that good stuff we thought we had coming to us, because of the increased value of our house, because of the fancy college degree we went into debt for, because of the cradle-to-grave promises of social welfare from our government, because of the retirement plan we funded, ... all that good stuff is not there in sufficient quantity.

Increasing promises combined with decreasing production capacity, if pursued sufficiently far, eventually hits a wall, an economic and financial wall of collapse.

I wholeheartedly reject the quantity theory of money (https://www.investopedia.com/insights/what-is-the-quantity-theory-of-money/) as being the key to understanding the health of economic, monetary, and financial activity, because the quantity theory of money (https://www.investopedia.com/insights/what-is-the-quantity-theory-of-money/) leaves out the important element of the time value of money and the duality of debt-based money, in which unit of money in circulation is someone's promise, at some point in the future, to make some payment on some debt.

Either that payment will not be made at face value, or else if made, the value of the payment in real goods and services will be less than was expected, when the debt or other future promise was extended.

Most of what we spend in Western societies these days, whether for rent, mortgage, energy utilities, taxes, medical care, web or cell access, insurance, housing, transportation, etc ... ends up going to pay some individual, business or government's debt.

This debt overhang is staggering. It will not stand. It will fail, and we are likely well past the point that it could fail gently.

[Helene West]

Paul

Correct me if I'm wrong but are you talking a page out of the Venezuela playbook? i.e., stock up on toilet paper, et al....?

[Ernie Nemeth]

This becomes rather confusing. The minerals are still in the ground, the crops in the field, the trees in the forest and there are able bodies ready to mine, reap, build. So now some foreign creditor owns our resources and the labor associated with bringing it to market. But the beneficiaries of that debt are gone. It is now their children and grandchildren that must foot the bill. Similarly, it is the children and the grandchildren of the creditors that will seek compensation.

Maybe, if this is the way we are forced to view things, it is time for the countries to dissolve, instead of the people being rendered insolvent.

[ThePythonicCow]

Correct me if I'm wrong but are you talking a page out of the Venezuela playbook? i.e., stock up on toilet paper, et al....?
I'm hopeful that most neighborhoods and localities in the US will not deteriorate as far as the portions of Venezuela that we hear about, and that the currency collapse of the Dollar within the US will not be as severe as the collapse of the Venezuela Bolivar.

However I expect some neighborhoods and localities to become quite dangerous. I expect some food riots and some Soros NGO funded riots. I expect the bankruptcy of many indebted corporations and of some local and state governments. I expect many personal bankruptcies and mortgage foreclosures. I expect some sort of restructuring of the US national debt (a default, by some disguise.) I expect some to die for lack of food, shelter or medicines. I expect many to be shocked into desperation. I expect many over funded (thanks to student loans) college and university campuses to close. I expect the US Petro-Narco-Military Dollar to cease being the reserve currency of the world.

... and while I don't discuss my personal preparations in public, I have at times considered keeping extra toilet paper on hand :).

I figure that "they" are putting in place the world wide technical, energy, mining and production facilities, integrated closely with the daily activities and long term legal, financial and medical engagements of humanity, that will serve as the basis for colonizing and mining the rest of the solar system with a combination of digitally intelligent autonomous devices and humans.

It's a complex project (to say the least), and it will require some major resetting of the current institutions and organizing principles of our civilization.

The pervasive, varied, complex web of "digital intelligence" that will envelope humanity at so many levels will be, to some extend already is, mind boggling.

The struggle for human dignity and freedom in the face of this juggernaut will continue.

[Justplain]

Speaking about limitless toilet paper, I believe the romans carried a stick with rags attached to one end, which they tied to their belt. Each latrine would have a place to wash it off after use in its wiping activity. Another interesting point is that the romans collected urine for use in creating soap (from uric acid).

Another note on survival, apparently crickets can provide much needed protein. They are easy to keep, can be fed on scraps, and can be ground into a powder and mixed with other food for a protein add. Now, being a vegetarian i find this distasteful, but if survival is an issue this seems lke a palatable option.

Now back to interesting discussions on currency collapse and soaring libor rates... ;-)

[Satori]

Paul, you paint a very bleak and depressing scenario. Sadly, I cannot say that I disagree with much, if any, of it.

All that is happening now, socially, economically, militarily and politically etc... has happened before and will happen again under a fiat, legal tender, debt-based global monetary system controlled by those who "own" and operate central banks. It's baked into the cake. The system is not sustainable and they knew that when in 1913 they set up (and it was a set up of the grandest criminal magnitude) the Federal Reserve System and the 16th Amnd taxing our incomes from whatever source derived.

Such a monetary system is bad enough for a single country, it's an outright disaster globally. That's an important part, if not the goal, of their program.

[ThePythonicCow]

Paul, you paint a very bleak and depressing scenario. Sadly, I cannot say that I disagree with much, if any, of it.
Take heart! I've been making doom and gloom forecasts for probably 10 or 20 years now, and I've been wrong almost 100% of the time. Perhaps my (abysmal) track record will continue.

[ThePythonicCow]

Wars will precede the global economic collapse and reset.
Most likely ...
On the other hand, perhaps not so likely.

The primary purpose of major war is to create major debt, as that is one of the most potent weapons of the elite bastards.

The good news is that we seem to be doing a jolly fine job of creating major debt, without major war (unless you happen to live in parts of such countries as Libya, Syria, Iraq, Yemen, Afghanistan, Ukraine, Somali, Sudan, South Africa, Lebanon, the Congo, Mali, Mozambique, Nigeria, Columbia, Mexico, ...).

[ThePythonicCow]

Wars will precede the global economic collapse and reset.
Most likely ...
On the other hand, perhaps not so likely.

The primary purpose of major war is to create major debt, as that is one of the most potent weapons of the elite bastards.

In other words, essentially, the War on Terror of the last couple of decades is the war that will precede this economic and debt collapse.

Historically, major collapses in the debt of nations follow major wars that ran up far more debt than even the victor, much less the looser, could repay.

The "War on Terror", with its world wide arms traffic, massive military expenditures, and massive debt build up, especially by the US, is that war, for this coming collapse. Over a million people (http://www.digitaljournal.com/news/world/study-1-3-million-killed-in-usa-war-on-terror/article/429180) have been killed in this war, and many trillions of Dollars or equivalent measures of currency have been spent, largely funded by debt that remains outstanding and will never be paid off, at full value.

There may still be some climatic events, with tens or hundreds of thousands killed, remaining in this War, but I expect such events, if God forbid they occur, will be more the culminating climax to what has been a two decade long war, rather than the beginning of a substantially larger war than we've been in all along.

Such climatic events could provide the impetus for some of the sweeping changes in the world's legal, governance, financial and military structures that I suppose that the elite bastards have in store for humanity.

[ThePythonicCow]

is[/U] the war that will precede this economic and debt collapse.

Historically, major collapses in the debt of nations follow major wars that ran up far more debt than even the victor, much less the looser, could repay.

The "War on Terror", with its world wide arms traffic, massive military expenditures, and massive debt build up, especially by the US, is that war, for this coming collapse.
Another "fruit" of war, from the perspective of the elite bastards, seems to be the destruction or radical reconstruction of long standing nations, civilizations, and cultures.

Thus were major war(s) required in Europe, Japan, western Russia, eastern Europe, north Africa, the Middle East, Japan, China, and southeast Asia, but not so much, this last century, in Australia or North America. Even England escaped the brutal ground wars that ravaged Europe twice in the last century.

The American Civil War of the 1860's was sufficient to install a federal government with full authority over the various united (and secessionist) States, cementing in place the United States, a single government with final authority over all the people and their various local and state governments. The various wars against the indigenous Indian tribes, fought over the century or two preceding the Civil War were sufficient to destroy and eliminate the previous Indian civilizations.

The Muslim immigration into Europe is now succeeding in reconstructing, once again, deep seated European cultures and nations.

In the US, perhaps even more so than in many other areas, the people are also being subjugated by other mass control methods, such as:

dumbed down, propaganda filled, schools and colleges
toxins in the vaccines and medicines
toxins in the food such as Roundup and GMO corn syrup
loss of critical minerals and other nutrients in the food
fluoride and other toxins in the water
dumbed down, propaganda filled, entertainment and news media
electrical emissions
bought off and controlled "leaders" in corporations and governments
debt, debt, and more debt on individuals, corporations and governments
propaganda, disinformation, and lies
... and the new digital control grid using the Web and "smart phones"

The health of our institutions, culture, heritage, communities and bodies is being deeply compromised.

The "good news" is that this probably means that the elite don't think that they need to slaughter millions in a ground war on North America in order to effect their next round of changes.

My primary points in this post:

The deeper are the roots of an existing culture, then the greater the need (of the elites) to use devastating means to effect fundamental change.
Brutal ground and aerial bombardment wars are one such devastating method, seen in many, but not all, regions in the last century.
But a diverse panoply of other means, such as listed above, are another method, such as being seen now in the United States.

[Orph]

... and while I don't discuss my personal preparations in public, I have at times considered keeping extra toilet paper on hand :).

Speaking of the crap hitting the fan and the need for toilet paper, :silent: , if the economy takes a dump, :facepalm: will toilets even work? Whose going to run the electric grid, the water systems, etc.. If you have a house with a yard and can dig a hole in the ground, then I guess you're okay. But anybody living in the city in an apartment, condo, or such, ............ :unsure:

And now, .... :focus:

[mountain_jim]

my toilet will still work - gravity-fed spring-water feeds my house. (And my wife makes fun of my toilet paper supplies) :)

[Zionbrion]

I wanted to share this blog post I just read, it goes right along with what you are saying Paul, there is some nice charting explanations as well.

Fellow Readers,

For the first time ever I am way more focused on the traditional stock markets than on Crypto and so should everyone, for several reasons, but foremost:
This time is different.

Ever since i bothered to get down the rabbit hole of how our world really works I knew that we are living in the Biggest Bubble of All Times that will inevitably burst in due time. The question never really was whether it bursts, but rather when the crash will occur and what implications such scenario will have on our daily lives. Although latter is somewhat speculative, the former is actually not far away.

For the first time ever humans artifically created the “Everything-Bubble” based on a toxic economic system that generates more debt than money to repay, and which demands constant parabolic growth on a global scale. It does not take a genius to figure out that this is not a sustainable way of living and that it will come crumbling down if certain catalysts trigger fear and panic among traditional investors spreading globally.

If you think about it in an objective way, we humans are like cancer for the planet.
I think Agent Smith was pretty clear about it in the movie Matrix, he actually nailed it:

Continue reading at : https://cryptoyoda1338.wordpress.com/2018/03/28/the-inevitable-crash-of-the-century/amp/?__twitter_impression=true

[Watching from Cyprus]

Yes Paul, absolutely correct. It is now up to the individual to wake up or stay asleep.

Please allow me to quote an extremely well written article I read this morning;

QUOTE:
Fellow Readers,

For the first time ever I am way more focused on the traditional stock markets than on Crypto and so should everyone, for several reasons, but foremost:
This time is different.

Ever since i bothered to get down the rabbit hole of how our world really works I knew that we are living in the Biggest Bubble of All Times that will inevitably burst in due time. The question never really was whether it bursts, but rather when the crash will occur and what implications such scenario will have on our daily lives. Although latter is somewhat speculative, the former is actually not far away.

For the first time ever humans artifically created the “Everything-Bubble” based on a toxic economic system that generates more debt than money to repay, and which demands constant parabolic growth on a global scale. It does not take a genius to figure out that this is not a sustainable way of living and that it will come crumbling down if certain catalysts trigger fear and panic among traditional investors spreading globally.

If you think about it in an objective way, we humans are like cancer for the planet.
I think Agent Smith was pretty clear about it in the movie Matrix, he actually nailed it:

Agent Smith: “I’d like to share a revelation I had during my time here. It came to me when I tried to classify your species. I realized that you’re not actually mammals. Every mammal on this planet instinctively develops a natural equilibrium with the surrounding environment but you humans do not. You move to an area and you multiply until every natural resource is consumed. The only way you can survive is to spread to another area. There is another organism on this planet that follows the same pattern. Do you know what it is? A virus. Human beings are a disease, a cancer of this planet. You are a plague, and we are the cure.”

Is it not like that? When we compare our way of living to that of every other species on the planet, we must inevitably come to the conclusion that we are one amongst millions of species that are not living in tune with Nature. We completely lost the connection to what we really are, and the pain and suffering in the world is the natural result of that fallacy. We exploited the planet and its natural, precious resources for centuries, especially more in the recent decades, to a degree that we now face our own destruction in the next years if we do not manage to make a 180 degree turn, which is however only a limited option as those in control have no interest in making a turn whatsoever and will resist such change with all tools at their disposal.

When we maintain a system that demands constant growth, while resources needed to fuel that growth are limited, we pretty much have set ourselves checkmate. You cannot sequeeze more juice out out of a lemon than what it naturally contains, and we will soon figure that out. And in a way it is a justified reckoning. All these years we all looked away, being ignorant about what is happening, indirectly supporting this system by contributing our time and energy into that, or simply ignoring the warning signs that are here for decades already, very obvious in plain sight, all of this will hit us in the face rather sooner than later. Yet we stand there unprepared and mostly unknowing. If you as a baby boomer thought you will make it to your death bed before that actually happens, you may be in for a surprise.

We have allowed this to happen – even if unknowingly – thus we will eventually suffer from the consequences, even if we have not established this toxic system ourselves.

We passively agreed to the system, but we actively suffer from the consequences eventually. I am talking about everyone, no matter where they live and what they do, what they think and what they are capable of, to be affected significantly in their daily lives which is so dependent on the state and the system we fuel by our compliance when it finally comes crumbling down.

This is a warning.

There is one specific characteristic in man that has been completely mastered, and that is Ignorance. We are able to live for decades pretending nothing is wrong, although every day things get worse. We however decide to look away because we don’t feel an immediate effect on our own personal lives. We are so consumed by technology, social media, News, Netflix and Crypto and everyday worries that we forget everything else completely. Most of us know that the system we run today cannot be sustained in the future, but rarely anyone is able or willing to look beyond that. I have tried several times to make aware of these circumstances, however ignorance and trust in the old system is high among daily life relationships.

It seems that nobody is willing to talk about a potential collapse of the society as we know it, even if the risks are very evident for such scenario. If you are afraid of talking about it in the first place, what do you think how you will deal with the actual event!?

In a state where humanity is mostly sleeping, absolutely unconscious and blind to what is happening at a larger scale, we will be beyond helpless as a species when things get turbulent. The only thing to avoid such a paralysis is to actually prepare by the means of information and actual physical preparation. No one becomes a prepper because they overly enjoy it, but because it is necessary and the logical consequence of the information they have accumulated. Being prepared by any means is not something that is weird, it is acting responsibly, while everybody else continues to be busy looking away.

Sure we can pretend everything will go on just as in the past, because its comfortable. But as comfortable it is, it is just as unlikely. This is not meant as an offence, most of us have been spawned into this system and not actively developed it. In fact, nobody really understands the system which is so important to our daily lives.

Yet looking away is not the solution, truth is. We already KNOW that those in control have no interest in change, even if it ultimatively means their own destruction. It is up to us people to accept the responsibility to make such a change. But this is no news. It feels like mankind has been going in circles for centuries, never learning from their mistakes whatsoever, while we declare ourselves as a developed civilization.
One step forward, two steps back.

Although I could go on forever diving deeper into the wrongdoings of our species, it is not the time and place, and certainly not the aim of this article. The actual objective of this piece is to make aware of the Global Everything Bubble and to indicate that the point of no return (The Crash) is by no means very far away. The mood of the market has already changed and seems to be getting worse day by day. Generally I would say that this indicates a possibility of accumulation, however this is clearly not the case in such altitude, while real economic data are going down. Since Fiat is not backed by Gold anymore, it is actually backed by economic data. When these economic data keep tumbling down, but stocks are still rising parabolically, that’s a warning sign that should be taken seriously. The market has been propelled by margin, debt and inflation for decades and are artificially supported by the Money-Creators themselves, buying up their own stuff. When they will stop doing so, which is already indicated and widely discussed, there will be no buyers left: Markets will collide. This is not the only weapon of choice, they have another one: raising interest rate. At this stage, after borrowing insane sums of money on an unseen scale, the whole world is running on debt which cannot be repayed. Almost every institution, bank and business have active loans that they are already struggling to repay. When the FED further increases interest rates, those business will collapse as they have to pay back even more than previously. And what happens when large institutions and banks collapse? They drag all others down with it, thus due to the interconnectivity of global commerce basically everything. This will in turn trigger more liquidations while nobody is there to buy the falling knife. Oh no, I believe at this stage of madness we will not be able to hinder such a meltdown by any means. The banks tried it in 2009, and they managed to support falling prices with inflationary injections. I am talking about firing up the printing press and support the economy with that fresh money to avoid a total collapse. It worked, but since they have printed parabolic amounts of new fiat in recent years follwing that 09 crash, this option is no longer really available. Besides, we have not learned anything from the 08/09 crisis and things look significantly worse today than a decade ago. Once panic kicks in, there will be no buyers whatsoever, and prices will melt down globally. We do not know where it will end, and whether it will recover, but there is multiple scenarios that i deem as relatively realistic in this regard, although i will cover only the following in this article, others in due time.

1) Global Markets will melt down

In the case of a severe collapse that does not quickly recover, the system will quickly become unfunctional for a long long time. If you think it further, banks and businesses collapsing means not getting fiat at your bank, nor buying stuff you need. No proper transportation, what about supply of water and electricity? Uncertain. What is sure is that if 90% of businesses are forced out of the economy because they cannot pay back the loans they took, no one is going to work as nobody can afford workers anymore. When they feel the impact on their personal life due to shortage in water, food or electricty, they will be at their families trying to provide instead of going to work when they are not getting paid. Just look at what happened in Venezuela. If you think that is the other side of the world and has nothing to do with us, think again. We have witnessed the same stuff in Weimar and many other occasions. Collapsing fiat is nothing out of the ordinary, in fact it is rather normal. Every single fiat currency that has been used has finally collapsed to its real value, which is the value of the paper it is printed on.

Yet while we have 100% proof that every single existing fiat currency has gone to zero, we are not ready to accept that those we maintain in our world today will share the same fate eventually. Are you prepared?

If you have no idea what is happening in an economic meltdown, I encourage you to study the Venezuela case. If you are in crypto, chances are you waste a lot of time scanning charts that don’t move and scrolling through Twitter. Spend your time more wisely, acquire information that are crucial for what is inevitably coming. Trusting on Crypto is nice, but a gamble in a world so unstable politically and economically. If the electricity grid goes offline as a consequence of everything colliding, there is no crypto no more. Albeit unpleasant, I encourage you to think about it and take appropiate measures so you have a solid foundation of knowledge for the new Age following that turbulent time. Because the old system needs to go so we have the opportunity to create a better one.
UNQUOTE

There is more specifics on markets in the full Article here; https://cryptoyoda1338.wordpress.com/2018/03/28/the-inevitable-crash-of-the-century/amp/?__twitter_impression=true

Love to you all
Peter

[Watching from Cyprus]

I would say that transfering assets into useful real estate is a realistic way to hedge against global financial collapse.
Unfortunately, most real estate is now purchased using debt, so the price paid goes up, as the interest rate goes down (since most of the repayment is interest on the debt, and since the highest bidder will be the one who can borrow the most.)

Real estate will continue to have value (unless and except when it is repossessed by the elite bastards for "national parks", infrastructure, Agenda 21 compliance or other excuses), however paying $500,000 or $1,000,000 for a piece of property that will have a market value of perhaps $100,000 or $200,000 after the 30 year bubble in US Dollar debt collapses, the US Dollar loses value, inflation spikes, and the economy collapses ... is not a very good way to preserve one's real net worth.

I'd recommend to arrange one's housing to have as little connection with debt as practical, either owed to others, or others owing to you.

Along with that, I'd recommend arranging one's affairs to require as little cash outflow as practical to maintain the standard of living that one can sustain without excessive stress.

Happiness is (will soon be) a positive cash flow, owning what one needs, and owing or being owed by as little as possible to as few as possible.

100% spot on.. Only an idiot will recommend to buy "useful real-estate" unless it was meant as to be paid for without a mortgage and used for i.e. farming.. sorry to be harsh in the words, but too many people just throw out some nonsense because his or her dad most probably said so "The only inflation safe investment is and have always been real-estate". Sorry mate your dad was wrong.

Agricultural land with access to fresh water well is what is wise to buy... Not as a projected investment asset expected to be sold with profits after the next crises, as the world we know now, will be no more. Land is then for the use of shelter and food production for your self and your family and for whoever passes by.. There will be many.

Physical Silver is the best choice of money to get now. Soon there will be no more Silver available. Rounds or Bars in various weights/sizes should be considered.

Time to get ready

Love
Peter

[ThePythonicCow]

... because his or her dad most probably said so "The only inflation safe investment is and have always been real-estate". Sorry mate your dad was wrong.
Well, that dad "was" right, in the US anyway. For the last thirty years, US interest rates have been in a long term decline, which caused the price of real estate to be in a long term rise (with some dramatic peaks and valleys along the way.)

But that dad probably "will be" wrong for the next decade, as interest rates rise from the lowest in recorded history, to high or very high levels, which, barring even more serious inflation of the money supply, will force great declines in the nominal prices of real estate, and in any case force great declines in the inflation adjusted prices.

[Watching from Cyprus]

I wanted to share this blog post I just read, it goes right along with what you are saying Paul, there is some nice charting explanations as well.

Fellow Readers,

For the first time ever I am way more focused on the traditional stock markets than on Crypto and so should everyone, for several reasons, but foremost:
This time is different.

Ever since i bothered to get down the rabbit hole of how our world really works I knew that we are living in the Biggest Bubble of All Times that will inevitably burst in due time. The question never really was whether it bursts, but rather when the crash will occur and what implications such scenario will have on our daily lives. Although latter is somewhat speculative, the former is actually not far away.

For the first time ever humans artifically created the “Everything-Bubble” based on a toxic economic system that generates more debt than money to repay, and which demands constant parabolic growth on a global scale. It does not take a genius to figure out that this is not a sustainable way of living and that it will come crumbling down if certain catalysts trigger fear and panic among traditional investors spreading globally.

If you think about it in an objective way, we humans are like cancer for the planet.
I think Agent Smith was pretty clear about it in the movie Matrix, he actually nailed it:

Continue reading at : https://cryptoyoda1338.wordpress.com/2018/03/28/the-inevitable-crash-of-the-century/amp/?__twitter_impression=true

Sorry Mate, I didn't notice that you also quoted same article . I am glad you found it too ;-)

[Watching from Cyprus]

... because his or her dad most probably said so "The only inflation safe investment is and have always been real-estate". Sorry mate your dad was wrong.
Well, that dad "was" right, in the US anyway. For the last thirty years, US interest rates have been in a long term decline, which caused the price of real estate to be in a long term rise (with some dramatic peaks and valleys along the way.)

But that dad probably "will be" wrong for the next decade, as interest rates rise from the lowest in recorded history, to high or very high levels, which, barring even more serious inflation of the money supply, will force great declines in the nominal prices of real estate, and in any case force great declines in the inflation adjusted prices.

I am pointing out that Mom and Dad and Grandma and Granddad were good in their days at old household advises like the usefulness of Vinegar for health or cleaning issues etc, but economy they did not have a clue about as they never knew how money was created. The Ponzi Scheme it is, and themselves being unknowingly fully controlled slaves, but that unknowing, i think gave them more moments of happiness than we have today, because we (or I do) know what kind of forces who controls us and have done so since "Once Upon A Time" LONG ago.

But in general and as per a layman's understanding you are right Paul. We leave it there with a Joke i heard the other day;

A man calls his doctor;

Man : Doctor, I have a problem.
Doctor : Tell me
Man : You see, every morning precisely at 8 i make poop
Doctor : I dont undertand...why is that a problem
Man : Because i sleep till 9

Happy Easter Bunny

[Cara]

I don’t think this is related to a coming depression but it may well be (I am not well versed in economics and finance)... I posted it in the global economic reset thread but it may have a bearing here too:



A Gold-linked dollar bill has just been presented in the USA Congress – H.R. 5404 - by Representative Alexander X. Mooney of West Virginia
https://www.congress.gov/bill/115th-congress/house-bill/5404/actions?r=4

[amor]

You may be a prophet.

[ThePythonicCow]

I don’t think this is related to a coming depression but it may well be (I am not well versed in economics and finance)... I posted it in the global economic reset thread but it may have a bearing here too:



A Gold-linked dollar bill has just been presented in the USA Congress – H.R. 5404 - by Representative Alexander X. Mooney of West Virginia
https://www.congress.gov/bill/115th-congress/house-bill/5404/actions?r=4

As of the time of my posting this, the text of this bill has not yet been posted on the congressional website at the above link. We just have the title and sponsor, Rep. Mooney.

I don't believe that the US any longer has most of the 8000 tons of gold that it claims to have, so I don't see any way that what is suggested in the title of this bill, "To define the dollar as a fixed weight of gold", could mean anything useful. If we Americans cannot freely exchange between paper Dollar bills for the "defined" value of gold, then what does it matter what some Federal Law "defines" ?

But the name of the sponsor, Rep "Mooney" is appropriate ... just a letter away from "Money". :).

[waves]

.....I've been making doom and gloom forecasts for probably 10 or 20 years now, and I've been wrong almost 100% of the time. Perhaps my (abysmal) track record will continue.

Glad you added this, I won't bother looking up the last doomsday scenario for which the Trump first year deadline has past, right?

If you're going to keep repeating these, I'll keep repeating my response.

NO greedy globalist is willing to jeopardize whichever cash cow they've spent years manipulating into the position it is now.

If there is a great depression people won't have the money to buy their anythings.

What IS happening is a gigantic expansion, updating and investment boom right now by globalist insiders planning on getting big future returns for these efforts.

If there was a collapse, people would instantly band together, get creative and figure out how to get along and survive without them.

Therefore, i predict will be no global depression or US depression or dollar collapse as you characterize it because it does not benefit those able to perpetrate one.

[Ernie Nemeth]

Fundamentally, this entire fiasco is about exploitation, ie. capitalism. But that is just it's most recent and most successful manifestation. The game has been the same since the beginning of recorded history. And it is the only possible game for a social animal capable of reflective consciousness. It is the old division of labor game. What they hide from us, and anyone who uncovers it gets labelled Marxist or worst, is that there is only one class that creates tangible wealth - the worker. There was a time when almost everyone was a worker creating tangible wealth. Nowadays it is a rare commodity - and it is seen as lowly and undesirable work.

Yet it is this class who still creates, despite what anyone might say to the contrary. Everything in the world was made by this class and everything ever made will be made by this same class.

The game is to never let this class know their importance or their absolute necessity. And the game is to convince this class to perform their work at a fraction of its worth, or value, so the unproductive classes can continue to exist.

But as the population grows the percentage of workers continues to decline while the unproductive classes continues to increase. This disproportion is easily verified by our school systems that are churning out useless degrees for the masses sanctioning more unproductive jobs at the expense of the worker. The only place to find wealth is with the worker's production so it must be the worker who pays in the form of stagnated pay increases, erosion of benefits, higher taxes, destruction of organized worker's unions, and even often longer hours.

Meanwhile the unproductive classes continue to see increases and other related wealth bonuses.

Since all wealth comes from the work performed in the physical realm, and since more workers perform work creating zero wealth, merely being value added employ, another method had to be invented to steal the wealth of the worker. This was the age of credit, where the question how much credit are you worth became the meme of the day. And easy money resulted. A vaulting economy ran rampant and the stock markets saw impossible increases. People suddenly had access to huge amounts of previously inaccessible funds. And they began a bidding war that continues today, outbidding each other in a banker's most outlandish wet dream.

All this while the worker works, creating tangible goods. His wage did not keep pace but he gets up every day and rubs his sore muscles and gets back to creating more for his fellow man. Her factory floor job pays the same as thirty years ago. Their job increases come from service jobs with low pay and no mobility created for the convenience of those who stole the fruits of their labor.

The job today of inventing further complications to hide the obvious fall prey to inquiring minds who can follow the labyrinth of lies to its obvious conclusion.

The bubble is gonna burst!

And it won't be the multi-million dollar portfolio that is going to save you, or your crypto-currency, or even your brand new car, TV, toaster, insert fav here, trinket. It will be the worker getting up and going to work despite everything that saves the day. And suddenly there are going to be a lot of workers available...

What happens then is anyone's guess.

[ThePythonicCow]

Therefore, i predict will be no global depression or US depression or dollar collapse as you characterize it because it does not benefit those able to perpetrate one.
I'm figuring that the one's who benefit the most from the current economic and monetary order are not the ones in ultimate control.

Rather they are under the control of more powerful entities/families/..., and their new found wealth is but one of the means of that control. As Eric Schmidt (of Google) and Mark Zuckerberg (of Facebook) are already noticing, each having lost many billions of wealth in the last few weeks, they do not control that wealth so much as it controls them.

As evidence of this, I would note that throughout the centuries and millenia, the geographic centers of power and whatever was the dominant "coin of the realm", the most reliable currency, has changed every century or two.

Study for example the paper THE EVOLUTIONARY CHAIN OF INTERNATIONAL FINANCIAL
CENTERS (pdf), by Michele Fratianni (https://kelley.iu.edu/riharbau/RePEc/iuk/wpaper/bepp2007-14-fratianni.pdf), which describes its strategy as:

The adopted strategy of this paper is to revisit the record of seven great international
financial centers --Florence, Venice, Genoa, Antwerp, Amsterdam, London, and New York-- so
as to identify attributes of success, possible reasons for declines, and extent to which their
achievements have been passed along in the evolutionary chain of finance.

Consider also Joseph P. Farrell's two excellent books on this topic, which trace the movements of the money centers back to Mesopotamia, Rome and Venice.

Babylon's Banksters: The Alchemy of Deep Physics, High Finance and Ancient Religion (http://a.co/ahQhn9i)
Financial Vipers of Venice: Alchemical Money, Magical Physics, and Banking in the Middle Ages and Renaissance (http://a.co/da1rRiM)


There will be, indeed I believe there now is happening, yet another shift, from New York and Washington, toward Singapore, Shanghai, and Beijing.

The last shift, a century ago, from the British Empire and its gold backed pound, to the American Empire and its debt backed dollar, required the convulsions of two "World Wars", of greater scope and fire power than ever seen in prior recorded human history.

Human civilization would not survive such a war now; our fire power is too great. The seven legged (radiation mutated) cockroaches would win such a war.

We are now shifting from the east coast of the US, to the east coast of China, and from the US Petro-Dollar as the world's "reserve currency", to what I expect will be a distributed ledger web of interconnected currencies. Gold, silver, petro, various water, mineral, and agricultural resources, and various mining, manufacturing, transportation and advanced technology capabilities will contribute to the web of "real value" behind money. The Chinese petro-yuan will play a major role.

Rather than an even more violent World War III, instead the collapse of the greatest debt bubble in recorded human history, will usher in this transition.

[Hervé]

http://thepythoniccow.us/twimg_DZnsS4HXkAUcA-Q.jpg

[ThePythonicCow]

I posted some questions, perhaps relevant to this thread, regarding debt based money, over here (http://projectavalon.net/forum4/showthread.php?101747-Geopolitics-Culture-History-....-Things-to-explore-about-the-world&p=1217754#post1217754).

[Desire]

Being self sufficient in the suburbs or the city or anyplace where people can reach you and your property is a real concern of mine. If things get really bad, people will nor ask politely to share my garden with them, they will take it. One gun or two will not stop them. I don't even own a gun, don't really want to. What will we all do? I'd love to hear some practical solutions. I'm worried for all of us.

[Valerie Villars]

There is still that niggling little thing they call taxes. Even if you own your property out right, here in the United States you still have to pay taxes on the property, effectively getting rid of the notion that you actually own it. If you don't pay the taxes, which are really a form of a second, unending mortgage, they take the property away.

[AutumnW]

Paul,

Do you still expect the U.S. to default on its debt?

[ThePythonicCow]

Paul,

Do you still expect the U.S. to default on its debt?

Whether or not they will call it a default, I don't know.

But somehow, someway, there is no way that the (very roughly) $20 trillion out right US Treasury debt and the $100 trillion in promised benefits, pensions, medical care, and such can be be honored. Perhaps that much $US cash will be paid out, but the $US will be worth quite a bit less, or perhaps less will be paid out. Likely both, in various ways, at various times.

More actual goods and services are promised than we have, so fewer actual goods and services will be delivered.

We're just negotiating over the terms of the default (if you can call this a negotiation.)

===

It's not just the US government that is in over its head with debt. The burden of excess debt extends to a substantial portion of the people, corporations, and governments, large and small, wealthy and poor, across much of the human civilization on this planet, just as has the over-reach of the Anglo-American empire that fueled this debt.

[Hervé]

For an idea on how it works nowadays (i.e. markets, propaganda, distractions, survival of the mightiest, etc...):

The Matrix Revealed: Cartels That Run The World (https://jonrappoport.wordpress.com/2018/04/27/the-matrix-revealed-cartels-that-are-runnning-the-world/)

by Jon Rappoport (https://jonrappoport.wordpress.com/author/jonrappoport/) Apr 27 (https://jonrappoport.wordpress.com/2018/04/27/the-matrix-revealed-cartels-that-are-runnning-the-world/), 2018

The following information comes from insider interviews with Ellis Medavoy and Richard Bell, two people I interview extensively in my collection, The Matrix Revealed (http://marketplace.mybigcommerce.com/the-matrix-revealed/). This is just a brief taste of what they have to say…

Major institutions on this planet that control Military, Money, Energy, Government, Medical, Corporate, Media, and Education are becoming, more and more, global cartels, horizontally integrated across national borders.

This is more than a top-down command process. It’s organically evolving. Three steps forward, two steps back. There is a great deal of competition among the components of a given cartel, but there is also cooperation. And in the long run, the see-saw is tipping in the direction of cooperation, as these entities realize they may well have more to gain that way.

I can’t stress too strongly this EVOLVING process.

All attempts to merely assume twelve men in a room run the planet fall woefully short.

Instead, over time, people who lead a powerful institution (like Energy, for example) look out and recognize more major players, and in this recognition there is an impulse to compete and win and destroy, but there is also an impulse to build commonality and therefore monopolize the entire territory.

During one conversation with retired master propagandist Ellis Medavoy, I asked him about the extent of mutual cooperation in his given field, psychological warfare. He responded:
“Twenty years ago, I would have said we were all operating separately and jealously. Each of us was mining his own contacts and building his false pictures of reality for the masses. But then things began to change. Globally. First of all, more of us were pushing the same holograms. And because communication and travel were speeding up so rapidly, we were working a lot of the same venues. We would run into each other more often. We began to share information. I mean, it was cautious. We weren’t gushing with unbridled love, I assure you. The competitive factor was still strong. And we had fights. But through all that, we began to see through the fog, so to speak. We began to understand the effectiveness of cooperating. We would test each other with privileged information, to see if we could trust each other to keep it private. A tidbit here, a tidbit there.

“And, you see, behind us, other groups were finding commonality, too. For example, in the area of medical propaganda, where I operated a lot of the time. And these groups saw they could join together for specific operations, on an international scale. They could push enormous lies globally, and everyone of their class would profit and gain wider control. So I would find myself working with a psy warfare guy from, say, France, or Germany in a joint venture. We would rub elbows. We’d be feeding from the same basic money trough.

“We’d both be briefed by a team of intelligence experts, and those experts would be of several nationalities. Slowly, I saw a new kind of umbrella structure emerging.

“See: suppose during the secret lead-up to a planned economic crisis [money cartel], you can distract everybody with a phony epidemic (https://www.zerohedge.com/news/2018-04-27/bill-gates-warns-millions-could-die-if-us-doesnt-prepare-next-pandemic) [medical cartel]. Do you see? Leaders perceive a reason to cooperate. Planners become more intelligent and clever. They reach across lines they never would have reached across before…

“You begin to see the outlines of a much more inclusive future structure. This is multi-front warfare.”
Richard Bell, another former insider, said to me:
“People like to assume that money is everything. If you can limit the amount of money the public has, eventually they weaken and cave in and they’re easier to control. And this is certainly true. But on the other hand, as mega-corporations gain more power and range and markets, you have a clash, because those corporations, which are now cooperating in ways they never have, as a cartel in some respects, want customers for their products. They don’t want abject poverty across the board. People have to be able to buy their products.

“So there is a heavy conflict. It’s a conflict between elite bankers [money cartel] and mega-corporations [corporation cartel]. It needs to be resolved through advance planning, over the long term. So now you have these powerful men sitting down and talking in a new way. Other big-time players get involved, too [government, media, energy cartels, for example].”
This is just the beginning of what these people have to say about the Matrix in their interviews and how it REALLY works.

[...]

Jon Rappoport

===========================================

So... apply the above to Syria and/or "bubble popping".... and we get these various disagreements between sectors and various "leaks" of all sorts...

PS: I was looking at the "Financial News" line feeds above and all of them use the words "Global Economy" or "World Economy"... in case anyone needed convincing...

[Ernie Nemeth]

Too late to be worried at the tail end of this experiment. Capitalism ends in a lop-sided society of haves and have nots if not tempered by some sort of moderating mechanism - that much was always obvious.

If you base a society on a set of skills that only a portion of its members possess in adequate measure, the majority will eventually find themselves bereft. In this society we are all asked and expected to be toy financial wizards and miniature land barons. As we take on these tasks we do not consider the fact that the scale of our activity is miniscule compared to the true wizards and barons. We act on our scale and we assume that other than the zeros involved, the game is the same. It is not.

We cannot play the game invented by others, we must invent and play our own.

Now we must reap what we have sown.

[Hervé]

Analysis points to a 1929-level market crash; the only question is when (http://gnseconomics.com/en_US/2018/04/25/the-crash-of-1929/)

Dr. Tuomas Malinen GnS Economics (http://gnseconomics.com/en_US/2018/04/25/the-crash-of-1929/)
Wed, 25 Apr 2018 08:09 UTC


https://www.sott.net/image/s23/464792/full/stock_market_crash.jpg

In the 4th of February, we published a blog entry (http://gnseconomics.com/en_US/2018/02/04/the-ghost-of-1987/) detailing the similarities of the current stock market environment with that before the stock market crash in 1987. On February 5th, the Dow Jones Industrial Average (DJIA) experienced the worst daily point decline of its history. Since then, the stock market has recovered, but are we out of the woods?

At the aforementioned entry, we also warned that the situation in the global economy actually resembles more of the time before the Great Depression than that before of the Black Monday in 1987. Worryingly, the same holds for the US equity markets. In fact, almost all of the developments that led to the Great Crash of 1929 are already visible in the US. We may thus be heading towards the worst asset market crash in 90 years.

Prerequisite: The 'Roaring Twenties'
The 1929 crash marked the end of the 'Roaring Twenties'. The era got its name from consumer and stock market booms driven by the automobile and building sectors. The gold standard and the neutralization of all gold purchases from abroad by the newly created central bank, Federal Reserve or Fed, controlled the consumer price inflation. Due to low inflation, Fed had only limited incentives to intervene on the speculation by increasing the short-term interest rates. The easy credit era was let to persist fueling the boom in the consumer durables, commercial property market, automobile industry and the stock markets.

The tide switched in January 1928. The Fed decided that the boom had gone far enough and started to raise its discount rate and sell its holdings of government securities in effort to stem the speculation. But, rising money market rates made the brokers' loans viable options for the bank loans because the former were mostly funded by the large balance sheets of corporations. The call loan rates were also clearly higher than the Fed discount rate, which meant that banks were able to borrow cheaply from the Fed and earn a nice margin on loans to investors. The higher interest rates set by Fed thus increased both the bank and non-bank funds available for stock market speculation. Contrary to the aim of the Fed, the financial conditions eased further and the speculation increased. The twenties kept on roaring.

The Great Crash
In 4 December 1928, President Coolidge had given a reassuring State of the Union speech and 1929 started with positive expectations. The stock market kept rising and the consumer boom continued. It was a common belief that earnings and dividends are growing because of the systematic industrial application of the science together with the development of modern management technologies and business mergers. Still, the first half of 1929 was marked with increasing volatility.

By the summer a dubious mood started to creep. The dividend growth was solid but the economy started to look mature. The first hints about the approaching recession arrived in July 1929 as the index of the industrial production of the Fed diminished. Mixed news and rising interest rates in the US and abroad warned of a looming recession. In September, the stock market started to drift downwards. The fear of a recession started to set in.

On Thursday October 24, after a turbulent week, the prices hovered for all while at the start, but then fell rapidly and the stock ticker started to lag behind. The prices kept falling and the ticker fell further behind. The pace of the sell orders grew at an increasing rate and by eleven o'clock a ferocious selling had gripped the market. A few selected quotations given by the bond ticker showed that the current values were far below the now seriously lagging tape. Margin calls started to roll in and many investors were forced to liquidate their stock holdings. The increasing uncertainty made the investors even more scared and by eleven-thirty there was a sheer panic. The frenzy of selling could even be heard outside the New York Stock Exchange, where crowds gathered.

At noon, the reporters learned that several notable bankers had gathered at the office of the J.P. Morgan & Company. At one thirty, the vice-president of the New York Stock Exchange (NYSE), Richard Whitney, appeared on the trading floor and started to make large purchases of variety of stocks (starting from the Steel post). This had a clear message: the bankers had stepped in. The effect was imminent. The fear eased and the stocks rallied.

On Friday, the volume of trading was large, but the prices held up. During the weekend, there was a sense of relief. The disaster had been avoided and the actions of the bankers were celebrated. But then came Monday.

On Monday, October 28, the market opened to uneasy tranquility which was quickly broken. The selling started, then accelerated, and by noon the market was in a full panic mode. The bankers gathered again but the savior was never seen on the floor. Heavy selling continued throughout the day, and the market melted down, with the DJIA closing down by almost 13 percentage points for the day. After the close, there was not a word from the bankers or from anyone else, for that matter. During the night, a panic spread through the nation.

On Tuesday, October 29, the selling orders flooded the NYSE in the open. The prices plunged right from the start, feeding the panic. The sell orders from all over the country overwhelmed the ticker and sometimes even the traders. During the day, massive blocks of stocks were sold indicating that the "big players" (banks, investment funds etc.) were liquidating. During the worst selling periods, there was a countless number of the selling orders but no buyers. This meant that, at times, the markets were in a complete free fall. There was a brief rally before the end of trading but despite this, the "Black Tuesday" was one of the most brutal days at the NYSE with the DJIA falling by 11 % with heavy volumes. Within a week, DJIA had lost 29 % of its value.


https://www.sott.net/image/s23/464795/full/DJIA_1929.jpg
© GnS Economics, MacroTrends


The daily closing values of Dow Jones Industrial Average during the year 1929. Source: GnS Economics, MacroTrends

Are we in a time loop?
The crash of 1929 marked the end of a long stock market boom fed by several years of easy credit. Because inflation was low for most of the 1920's, Fed did not bother to curb the speculation by rising rates and when it did, the rise was too little too late. The signals for an upcoming recession broke the highly over-valued (https://www.quandl.com/data/MULTPL/SHILLER_PE_RATIO_MONTH-Shiller-PE-Ratio-by-Month) stock market in 1929. Actually, for example the dividends grew even in the last quarter of 1929 but the faith for the future of the market was broken and the investors panicked.


https://www.sott.net/image/s23/464799/full/purchasing_power_of_the_us_dol.jpg
© The Resilience Group


Currently, we are in a situation where, according to several metrics, the stock market is the most over-valued in the history of the NYSE. The central banks, with their orthodox and unorthodox monetary policies, have fed the asset market mania for nine years now but, currently, they are in a tightening cycle (http://gnseconomics.com/en_US/2018/03/15/quantitative-tightening-to-boldly-go-where-no-cb-has-gone-before/). Moreover, the global economy is in a risk of a dramatic slowdown (http://gnseconomics.com/en_US/2018/04/18/zombies-and-the-end-of-the-global-synchronized-recovery/).

This indicates that the main components of the crash of 1929: an over-valued stock market, a central bank tightening cycle (higher interest rates) and a slowing economy are almost all present in the US. We will thus soon know how well the history rhymes.

The historical accounts are based on the "The Great Crash 1929 (https://www.amazon.com/Great-Crash-1929-Kenneth-Galbraith/dp/0547248164)" by John K. Galbraith, "The stock market boom and crash of 1929 revisited (https://www.jstor.org/stable/1942891)" by Eugene White and on "Lessons from the 1930's Great Depression (https://academic.oup.com/oxrep/article/26/3/285/374047)" by Nicholas Crafts and Peter Fearon.
Dr. Tuomas Malinen is the CEO of GnS Economics and an Adjunct Professor of Economics at the University of Helsinki. He is specialized in economic growth, economic crises, business cycles, monetary unions and central banks.

[Valerie Villars]

Regarding Herve's post #48 above, which is chillingly accurate I began thinking the very same thing when I heard this on the radio yesterday.

Forgive the lack of specificity but I heard part of this on the radio while I was working in the yard.

It was something about Citibank I believe, refusing credit to businesses (I think) that would sell guns to people under age 21. So, now they start tightening the noose financially, based on morality issues.

Chilling stuff.

[ThePythonicCow]

It was something about Citibank I believe, refusing credit to businesses (I think) that would sell guns to people under age 21. So, now they start tightening the noose financially, based on morality issues.
Yes - that story broke about a month ago. For example, from Citibank To Limit Gun Sales (TheFirearmBlog.com) (http://www.thefirearmblog.com/blog/2018/03/22/citibank-gun-sales/):

~~~~~~~~~~~~~~~~~~~~~~~

Financial giant Citibank announced today that the company would place restrictions on gun sales by their clients. Specifically, they will require businesses to limit gun sales only to individuals over the age of 21 and require a criminal background check. Currently federal law restricts the sale of rifles and shotguns by anyone under the age of 18 and handguns by anyone under the age of 21. In addition, businesses engaged in the sale of firearms are required to have buyers to complete an ATF 4473 Firearms Transaction Record that contains a National Instant Criminal Background Check System (NICS) questionnaire.

Citibank’s new rules will also forbid the sale of “high capacity” magazines and bump stocks by any client using their business financial services. Additional details and information can be found in the story and links below.
~~~~~~~~~~~~~~~~~~~~~~~

[waves]

Herve and Paul, let's say your predictions come to pass. A couple questions:

1. Are you saying the depression and/or collapse has been long orchestrated and just waiting for the right moment to pull the plug, or did manipulations get out of control and some inevitable is going to happen that the controllers did not want?

2 Leaving out the common man who would certainly be among the losers, if the depression and/or collapse is deliberate, I would very much like your opinion as to how which big players would be the big winners and why, and which of the big money players who think they're not vulnerable would be the losers, albeit likely blindsided(?).

I'm more interested in the loser/winner anticipated opportunities in the aftermath, not the obvious first cheat-winning by selling stocks before they collapse the market.

Maybe it boils down to.... who plans to benefit and how when mass amounts of disposable income is wiped out?

[ThePythonicCow]

Herve and Paul, let's say your predictions come to pass. A couple questions:

1. Are you saying the depression and/or collapse has been long orchestrated and just waiting for the right moment to pull the plug, or did manipulations get out of control and some inevitable is going to happen that the controllers did not want?

2 Leaving out the common man who would certainly be among the losers, if the depression and/or collapse is deliberate, I would very much like your opinion as to how which big players would be the big winners and why, and which of the big money players who think they're not vulnerable would be the losers, albeit likely blindsided(?).

I'm more interested in the loser/winner anticipated opportunities in the aftermath, not the obvious first cheat-winning by selling stocks before they collapse the market.

Maybe it boils down to.... who plans to benefit and how when mass amounts of disposable income is wiped out?
Such grand pump and dump schemes have happened over, and over, and over, every 80 or 100 years, for many centuries.

The answer to the question of who benefits is, I presume, the answer to the question of who is really in power, down here on this lovely little planet. That knowledge is above my pay grade.

Such collapses are used, like most major planned events, to serve multiple purposes, including major changes in the world's political, monetary, military, and economic structures.

Such collapses also serve as the modern day variants of Debt Jubilees, which were used in some ancient places and times to expire excess indebtedness of the serfs every 50 years or so, by royal decree.

The basic strategy is always the same: Get everyone in debt up to their eyeballs, and then collapse the economy, by refusing to lend more money, and take the opportunity to repossess collateral that had been backing the debt, and to otherwise force through changes that would not have been accepted in more prosperous times.

[shaberon]

Paul,

Do you still expect the U.S. to default on its debt?

Whether or not they will call it a default, I don't know.



The U. S. defaulted on a payment, one time for a few hours on Friday afternoon in 1979, which was a few social security checks not going out on time. Aside from that, there are no known missed payments. Of course, you will find them at the 11th hour issuing "debt ceiling increases", so they can get another loan in order to pay interest somewhere else.

Depending on to whom they may, at a future point, default, has a lot to do with the outcome. Eating your social security would be one thing, and not giving China their interest on Treasuries would be another, breaking a defense contract with Boeing would be something else. So many sparks and so much gasoline. Since all the money belongs to a private bank, whose allegiance would be with the International Monetary Fund, Bank of International Settlements, and so forth, there is no reason to assume the money has any sympathy to the U. S. Government once its ability to grab goes away. At some point, scarfing the land and resources is going to look much better to the money power than flogging along such a tired horse.

A municipality (Detroit, Oakland) is a corporation that can be bankrupted. The States and Federal Governments are not and can not. So if defaults start to happen, there doesn't seem to be any kind of procedure to adjudicate the situation. It's probably different in other countries, but U. S. doesn't submit to any other kind of court or authority.

[Hervé]

These things are "event" triggered... you know... like one won't send troupes on a ground unless a beach head has been established and secured... like: "they" couldn't really start WW I unless they could secure the path of debt $$ into their pockets via the "Federal Reserve" established in 1913.

Now, the holding keystone is Iran... and Iran just ditched the $$:

Iran drops the dollar. Others tried and were bombed. 'It's all about the banking,' says Lee Camp (https://www.rt.com/news/425497-iran-drops-dollar-war/)

RT
Published time: 30 Apr, 2018 04:08
Edited time: 30 Apr, 2018 08:32
Get short URL (https://on.rt.com/94bd)


https://cdni.rt.com/files/2018.04/article/5ae694e5dda4c8ee438b45e4.jpg
© Raheb Homavandi / Reuters


Iran recently announced it is dropping the US dollar in foreign trade. Just as Iraq did shortly before it was invaded by the US, or Libya planned to before it was bombed by NATO-led allies. Lee Camp is starting to see a pattern.

The US is gearing up to abandon the Iran nuclear deal, which has all but killed Tehran's nuclear program in exchange for sanctions relief, because it's not restrictive enough. With Iran already saying it won't accept more demands or more sanctions, it's anyone's guess what kind of chain reaction might ensue.

Comedian Lee Camp's guess is pretty grim. He notices how Iran recently ditched the dollar in favor of the euro – something Iraq also did 18 years ago, a couple years before the US invaded it under the phony pretext of weapons of mass destruction.

Libya wanted to do the same, although its leader Muammar Gaddafi wanted to establish its own currency, the gold dinar – but in 2011, NATO warplanes bombed his country to support an uprising against him. Almost immediately, the rebels formed their own central bank and were given leave by the US and the UN to legally sell oil from the land they controlled.

On his show Redacted Tonight, Lee deconstructs these parallels and more, because "It's all about the banking!"

WATCH THE FULL EPISODE HERE:


VobUNfYwlss

Related:
Iran dumps dollar for euro in foreign trade transactions (https://www.rt.com/business/424851-iran-officially-switches-from-dollar/)

[Spellbound]

Renowned investor Jim Rogers is saying that the worst crash of his lifetime is coming.


http://www.youtube.com/watch?v=oByTP-kCvVI


http://www.youtube.com/watch?v=1z4mFZ_XDko

Yesterday, George Soros basically said the same thing.

https://www.bloomberg.com/news/articles/2018-05-29/soros-sees-new-global-financial-crisis-brewing-eu-under-threat


http://www.youtube.com/watch?v=AbtEFQUnPrc

I have a bit of funds tied up in gold at the moment (lost some value over the last couple years but it will rebound well once the drop kicks in). Aside from that though, I'm 95% in cash in a money market fund (I don't gain...but I don't lose). Market is waaaaay too risky right now. Protect what you have, cuz the big one is coming.

Dave - Toronto

[Spellbound]

I'd like to add that anyone who knows anything about economic cycles should realize we are due for another downturn....it is only the severity that should be in question.

Dave - Toronto

[waves]

I'd like to add that anyone who knows anything about economic cycles should realize we are due for another downturn....it is only the severity that should be in question.

Dave - Toronto

Using hindsight of the 2008 downturn, you can now see exactly how the easy credit card and mortgage free for all was deliberately orchestrated and who were the bigtime winners and losers.

I'm not getting 5 credit card offers a day this time and don't see anything so extreme right now clearly pointing to who is planning on benefiting from a big downturn of some sort.

The biggest players are all seemingly happily getting bigger and expecting to have the pay off of plenty of buyers.

Are there specific indicators to you of who are going to be the big losers and winners this time? Or are you just saying 'economic cycles' cycle every 10 years?

[ThePythonicCow]

Are there specific indicators to you of who are going to be the big losers and winners this time? Or are you just saying 'economic cycles' cycle every 10 years?
Key areas of excess debt risk involving individuals include a massive rise in student loan debt the last few years, a sharp rise in automobile debt, and a return of the real estate mortgage bubble.

But a much larger area of debt collapse will occur in the collapse of US Treasury debt. The value of US Treasury bills, notes and bonds has been steadily rising for over the last 30 years, and such paper is held as a major asset by nations around the world. Large corporations have also been borrowing money at the record low rates (associated with rising value of debt paper), in order to buy back their stock, which in turn pumps up the stock market.

The debt of the US, and (likely first) various other nations will decline dramatically (value decline, rates required to issue more debt rise) in the coming year or three. This will "blow up" some major endebted corporations, and crash stock markets.

Pension, insurance and social benefits (such as Medicare and Social Security in the US) will necessarily decline dramatically in value, once the overly extended national debt supporting them declines or collapses.

[mountain_jim]

While trying to save for a hoped-for retirement in a few years I am also in cash except for physical-holding Gold and Silver funds.

I have missed the rise over the last 2 years while sitting the market out. I have my reasons besides the ongoing belief it HAS to correct/crash at some point, and I might not have time to get out first.

In 1999 I missed a huge percentage rise while sitting out and waiting for the big drop, then in Jan/Feb of 2000 with no drop I started piling in only to lose my shirt in the Tech crash that followed.

I am still recovering from that loss, and one result is timid investing.

And still I wait for more reasonable valuations.

[ThePythonicCow]

The Great Global Depression is bearing down on us.


[INDENT]All nations and corporations outside of the US that owe any significant debt denominated in US Dollars will be unable to repay that debt, as US Dollars abroad become increasingly scarce. Trump's Tax Bill of late 2017, and his new raising of trade tariffs, are two of the measures that are shrinking the available supply of US Dollars outside of the US.

The European Union has its own immense and still expanding debt crisis. I don't understand the dynamics and details of it as well, but it's surely a train wreck of great proportions, waiting to happen. Whatever elements of European culture, tradition and nationality are least liked by the elite bastards will no doubt be blamed for the immense train wreck, once it unfolds.

Within the US, where I have studied matters more, I suspect that the ever excellent Brandon Smith is right, in his most recent article White House Soap Operas Distract From Real Global Dangers (http://www.alt-market.com/articles/3398-white-house-soap-operas-distract-from-real-global-dangers). Brandon writes that Trump is being setup to take the blame
Brandon Smith continues to expand on his thesis that the "next world war" will be an economic war more so than a military war, and that the collapse of the US Reserve Dollar based monetary system, hidden behind a trade war, will usher in a new world monetary system.

See Brandon's April 11, 2018 World War III Will Be An Economic War (http://www.alt-market.com/articles/3407-world-war-iii-will-be-and-economic-war) article, in which he concludes:

~~~~~~~~~~~~~~~~~~~~~~~~~

[INDENT]International financiers and central banks have everything to gain by pulling the plug on life support for stocks, bonds, real estate, etc. at this time. In the midst of a trade war panic, they can pretty much do anything they want without retaliation. All future catastrophe can now be dumped in the lap of any number of scapegoats. Some people will blame Donald Trump and the conservatives that voted for him. Some people will blame China and Russia as the culprits behind our ills. Other people will blame “capitalism” and “free markets” in general for the crisis even though we haven’t enjoyed true free markets in well over a century. But, very few people will blame global banks specifically.

I can tell you exactly what globalists will say as they salivate over the panic; they will blame the “selfishness” of “nationalism” as the great culprit, and they will call for a one world economic system built on a one world currency framework as the solution.

In many ways a world economic war could be far more disastrous than a nuclear one. In the event of economic collapse just as many people could very well perish as trade infrastructure and freight systems shut down, but the damage can be more easily directed and centrally controlled by financial elitists. Wealth can be shifted into any number of assets anywhere on the planet — so the idea that globalists have anything to lose in this scenario is rather naive. In the meantime, the banks plan to steal even more power for existing organizations like the IMF. As some countries suffer economic breakdown, globalist institutions will only grow.

In a nuclear war, there is only pandemonium. In an economic war, centralized dominance remains possible. The greatest disaster would not be the tragedy of mass unemployment, degradation of infrastructure, loss of monetary stability or loss of reliable food and energy production. No, the greatest disaster would be the continued thriving of banking conglomerates and central bank organizations as large portions of the world crumble. The greatest disaster will be what happens AFTER the collapse — the consolidation of a “new world order,” if the banking elites are not unmasked as the real catalyst behind the next world war.

~~~~~~~~~~~~~~~~~~~~~~~~~

See further Brandon's most recent June 14, 2018 America Loses When The Trade War Becomes A Currency War (http://www.alt-market.com/articles/3453-america-loses-when-the-trade-war-becomes-a-currency-war) article, in which he writes:

~~~~~~~~~~~~~~~~~~~~~~~~~

Without a massive resurrection of American manufacturing and production, we enter into a trade war with little ammunition because we remain dependent on foreign production and goods, while other nations like China can easily expand into alternative markets and retain their own production capabilities. Trump could have launched a new renaissance of production in the U.S. if he had given corporations incentive to bring manufacturing back home. Instead, he gave them a sizeable tax cut without asking for anything in return. Those tax cuts, instead of creating jobs or luring factories back to the U.S., have instead been spent where we all knew they would be spent — on stock buybacks to prop up a flailing equities market.

The longer the trade war continues, the more other countries will consider the “nuclear option” of dumping the dollar as world reserve, or dumping U.S. debt. In my view, this is exactly what the globalists want. Trump bumbles into a trade war and is blamed for a crisis in the dollar as well as a crash in stock markets, while the banking elites introduce their new world order reset as a solution. In this case, I think the worst case scenario is the intended scenario.

~~~~~~~~~~~~~~~~~~~~~~~~~

Notice, for example, that we're hearing that the way that Trump maneuvered North Korea into promising to give up its nuclear bombs and missiles was by escalating a trade war with China, in order to pressure China into leaning on North Korea (who depends on China for its food) to give up its nukes.

I continue to find Brandon Smith's commentary to be some of the best available.

[ThePythonicCow]

by escalating a trade war with China
Speaking of which, the following was just posted on Zerohedge: Chinese Warn Of "Immediate" Retaliation As Trump Readies $50 Billion Tariff Package (https://www.zerohedge.com/news/2018-06-14/chinese-warn-immediate-retaliation-trump-readies-50-billion-tariff-package):

~~~~~~~~~~~~~~~~~~~~~~~~~

Just hours after President Trump reportedly signed off on tariffs targeting some $50 billion in Chinese goods (a decision that was finalized after a 90-minute meeting with officials from the West Wing, as well as senior national-security officials, the Treasury Department, the Commerce Department and the office of the US Trade Representative), Chinese Foreign Minister Wang Yi said during a press conference in Beijing that China is prepared to retaliate as it takes a more confrontational approach against the US on trade, according to the Wall Street Journal.

~~~~~~~~~~~~~~~~~~~~~~~~~

Brandon Smith seems to have his finger on the pulse of world economic and geopolitical affairs.

[onawah]

It’s Showtime in North Korea
by Jon Rappoport
June 13, 2018
https://jonrappoport.wordpress.com/2018/06/13/its-showtime-in-north-korea/

Rappaport seems to be right on target as usual.


People Magazine: “’North Korea has great beaches,’ Trump told reporters. ‘You see that whenever they’re exploding cannons into the ocean. I said, “Boy, look at that view. Wouldn’t that make a great condo?”’ Trump said he advised Kim that instead of pursuing his nuclear ambitions, he should build ‘the best hotels in the world’ on North Korea’s coastline to boost the country’s economy. ‘Think of it from a real estate perspective,’ Trump said.”

Sometimes a war is necessary, in order to do business. Necessary for the people making war.

Sometimes the threat of war is enough. It spurs growth.

—Here’s a shoreline of brand new condos. Move-in ready. Restaurants, hotels, shops, synthetic streets emerging from barren land. Let’s build a modern city. Let’s build ten. This could be how North Korea is shaping up.

Instead of a nuclear catastrophe, bring in the usual players, the giant construction companies, the electric-power utilities. They know how to put it all together.

As I wrote some months ago, for Trump the business of America is business, period. Let’s make a deal. You may like it, you may hate it, but there it is. That’s how he’s always rolled.

Environmental problems, pollution, earthquakes from fracking? Minor issues. Just keep building. The investors make piles of money. Tourists show up. The local backwater culture never saw anything like it? They’ll adapt. They’ll get used to it. Call it democracy, monarchy, dictatorship, socialism, who cares? There’s cash on the table.

The new North Korea may eventually look like a hundred versions of Dubai side by side. War and sanctions are the threats; business is the solution.

Trump has that viewpoint. Jobs will come, projects will climb upwards and sideways. Does it feel like a new era of capitalism or crazy gloss and shine? Depends on who you are. Are you nestled in the top tier of profiteers, or are you making beds and delivering meals in brand new hotels? Are you a janitor three floors below ground level making your daily rounds, or are you booking a suite thirty floors up in the air?

Kim understands the whole game, because he has China as a model. Repressive rule from above, along with active zones of volcanic capital investment and massive production of goods.

Foreign banks and financiers are popping champagne corks. The North Korean government will find a way to make hay while the sun shines, too, even if they have to back the manufacture of a synthetic sun. They’ll invent a new bank, they’ll invent new money out of air, they’ll say it’s “for the people.” A small farmer scratching out a meager existence on frozen land will turn into a waiter in a luxury restaurant in a city that was never there until yesterday. Voila. French cuisine spiced with kimchi.

Bring on the golf courses. The tennis courts. The equestrian show places, the NBA game of the week.

Absolute duty to the government leadership and its mottos of socialism will find translation into duty and obedience to the companies and corporations transforming the landscape. “We have the best workers in the world!” And those workers will unite under the rubric of money. Same tune, different lyrics.

Trump thinks, “Show me a ****hole country, and I’ll show you a future of unlimited profit.” Only now he doesn’t have to worry about losses on the books and bankruptcies along the way. He doesn’t have to worry (if he ever did) about cooking the accounting ledgers. He’s both business and government. The whole North Korea renovation WILL BE cooked books—and it’s entirely acceptable, because it will be measured by expansion, visible to the world in hundreds of ways.

Anybody who is anybody will get his piece of the action. And no one who is anyone will ask questions.

A history of frozen wastelands and brazen population control will, one day, appear as a mere footnote in a Pyongyang museum. “Yes, it was once that way, but under our immortal leadership, we have triumphed and become entirely modern. Now we rule by edict and force in order to build a paradise for every citizen. Triple bacon burgers! Nachos! Rodeo Drive!”

Sort out the difference between low and high consumer culture according to what’s in your wallet.

It’s Showtime in North Korea.

This is the mouth-watering prospect for investors.

As I say, Kim knows the new model just by looking at China. He loses nothing in the way of control. He just plays from a different deck of cards—all aces.

Of course, in order for a titanic deal to go through, China will have to be included. No doubt, behind the scenes, they’ve been at the bargaining table. The Trump “trade war” with Xi Jinping has a number of moving parts.

Ready, set, go. Crony capitalism rides again.

[EthanSmith]

It’s Showtime in North Korea
by Jon Rappoport
June 13, 2018
https://jonrappoport.wordpress.com/2018/06/13/its-showtime-in-north-korea/

Rappaport seems to be right on target as usual.


People Magazine: “’North Korea has great beaches,’ Trump told reporters. ‘You see that whenever they’re exploding cannons into the ocean. I said, “Boy, look at that view. Wouldn’t that make a great condo?”’ Trump said he advised Kim that instead of pursuing his nuclear ambitions, he should build ‘the best hotels in the world’ on North Korea’s coastline to boost the country’s economy. ‘Think of it from a real estate perspective,’ Trump said.”

Sometimes a war is necessary, in order to do business. Necessary for the people making war.

Sometimes the threat of war is enough. It spurs growth.

—Here’s a shoreline of brand new condos. Move-in ready. Restaurants, hotels, shops, synthetic streets emerging from barren land. Let’s build a modern city. Let’s build ten. This could be how North Korea is shaping up.

Instead of a nuclear catastrophe, bring in the usual players, the giant construction companies, the electric-power utilities. They know how to put it all together.

As I wrote some months ago, for Trump the business of America is business, period. Let’s make a deal. You may like it, you may hate it, but there it is. That’s how he’s always rolled.

Environmental problems, pollution, earthquakes from fracking? Minor issues. Just keep building. The investors make piles of money. Tourists show up. The local backwater culture never saw anything like it? They’ll adapt. They’ll get used to it. Call it democracy, monarchy, dictatorship, socialism, who cares? There’s cash on the table.

The new North Korea may eventually look like a hundred versions of Dubai side by side. War and sanctions are the threats; business is the solution.

Trump has that viewpoint. Jobs will come, projects will climb upwards and sideways. Does it feel like a new era of capitalism or crazy gloss and shine? Depends on who you are. Are you nestled in the top tier of profiteers, or are you making beds and delivering meals in brand new hotels? Are you a janitor three floors below ground level making your daily rounds, or are you booking a suite thirty floors up in the air?

Kim understands the whole game, because he has China as a model. Repressive rule from above, along with active zones of volcanic capital investment and massive production of goods.

Foreign banks and financiers are popping champagne corks. The North Korean government will find a way to make hay while the sun shines, too, even if they have to back the manufacture of a synthetic sun. They’ll invent a new bank, they’ll invent new money out of air, they’ll say it’s “for the people.” A small farmer scratching out a meager existence on frozen land will turn into a waiter in a luxury restaurant in a city that was never there until yesterday. Voila. French cuisine spiced with kimchi.

Bring on the golf courses. The tennis courts. The equestrian show places, the NBA game of the week.

Absolute duty to the government leadership and its mottos of socialism will find translation into duty and obedience to the companies and corporations transforming the landscape. “We have the best workers in the world!” And those workers will unite under the rubric of money. Same tune, different lyrics.

Trump thinks, “Show me a ****hole country, and I’ll show you a future of unlimited profit.” Only now he doesn’t have to worry about losses on the books and bankruptcies along the way. He doesn’t have to worry (if he ever did) about cooking the accounting ledgers. He’s both business and government. The whole North Korea renovation WILL BE cooked books—and it’s entirely acceptable, because it will be measured by expansion, visible to the world in hundreds of ways.

Anybody who is anybody will get his piece of the action. And no one who is anyone will ask questions.

A history of frozen wastelands and brazen population control will, one day, appear as a mere footnote in a Pyongyang museum. “Yes, it was once that way, but under our immortal leadership, we have triumphed and become entirely modern. Now we rule by edict and force in order to build a paradise for every citizen. Triple bacon burgers! Nachos! Rodeo Drive!”

Sort out the difference between low and high consumer culture according to what’s in your wallet.

It’s Showtime in North Korea.

This is the mouth-watering prospect for investors.

As I say, Kim knows the new model just by looking at China. He loses nothing in the way of control. He just plays from a different deck of cards—all aces.

Of course, in order for a titanic deal to go through, China will have to be included. No doubt, behind the scenes, they’ve been at the bargaining table. The Trump “trade war” with Xi Jinping has a number of moving parts.

Ready, set, go. Crony capitalism rides again.

Trump as always speaks from the point of view of a businessman!)

[onawah]

Trump’s Bailout of Coal and Nuclear Plants Could Cause Thousands of Early Deaths, Send Utility Bills Soaring
By Grant Smith, Senior Energy Policy Advisor Environmental Working Group
JUNE 8, 2018
https://www.ewg.org/news-and-analysis/2018/06/trump-s-bailout-coal-and-nuclear-plants-could-cause-thousands-early-deaths?utm_campaign=Social+Traffic&utm_medium=social&utm_source=facebook&utm_content=1528899903#.WyQQcqdKgdV


In his continuing crusade to prop up dying industries, President Trump wants to make Americans pay for expensive electricity from dirty, dangerous coal and nuclear power plants – even if cheaper, cleaner and safer sources are available. The political payback to his friends in these industries could contribute to tens of thousands of premature deaths and cost Americans billions of dollars.

Last week, Trump ordered Energy Secretary Rick Perry to head off the closure of coal and nuclear plants that are losing money because they can’t compete economically with power from solar, wind or natural gas. A leaked Department of Energy memo revealed a scheme to declare a national emergency on the grounds that the nation’s security requires keeping the plants open to ensure a reliable supply of electricity. If implemented, operators of regional power grids would be required to buy a certain percentage of electricity from coal and nuclear plants.

But the so-called emergency doesn’t exist.

“There is no need for such drastic action,” PJM, the largest electricity grid operator in the country, told Politico. “Any federal intervention in the market to order customers to buy electricity from specific power plants would be damaging to the markets and therefore costly to consumers.”

How costly? When Perry proposed a similar bailout scheme in November, energy analysts said it would have added more than more than $10 billion a year to utility customers’ bills and contribute to an estimated 27,000 premature deaths from air pollution in the next 25 years.

Trump and Perry’s argument is that coal and nuclear power plants store weeks of fuel supply on-site, making them resilient against blackouts. But most blackouts occur due to power line damage and have little to do with on-site fuel supply. And coal and nuclear plants contribute less to system resiliency than other resources.

Restarting coal and nuclear plants that shut down during storms is a slow process – it can take up to two weeks for a nuclear plant and anywhere from 13 to 75 hours for coal plants to start generating power. And the older a coal plant is, the more often breaks down.

The more resilient energy sources are wind and solar. Wind turbines can keep operating unless they are catastrophically damaged. Solar panels will soon have the same capability. California has mandated that solar arrays have the ability to continue operating if the electric system fails.

The real threat to national security is the continued use of coal for generating electricity. Coal is a major contributor to climate change. Unlike the Trump administration climate change deniers, the Department of Defense wrote in a 2015 report to Congress that it is “clear climate change is an urgent threat to our national security.”

The real solution to electric system resiliency is building microgrids. These are smaller electric grids within the larger electric system. The DOD is interested in building microgrids at military bases to sustain power if the larger grid collapses. There are currently about 2,000 microgrids worldwide, including some in the U.S.

[onawah]

Despite Federal Roadblocks, States and Cities Lead on Solar Power
By Grant Smith, Senior Energy Policy Advisor Environmental Working Group
WEDNESDAY, MAY 16, 2018
(Some good news, since fortunately, the trend towards more sustainable energy sources continues)
https://www.ewg.org/news-and-analysis/2018/05/despite-federal-roadblocks-states-and-cities-lead-solar-power?utm_campaign=Social+Traffic&utm_medium=social&utm_source=facebook&utm_content=1528907832#.WyWv2KdKgdV


The Trump administration is not only trying to revive the dying coal industry, but is working to slow the rapid growth of solar power. It is slapping punitive tariffs on imported solar panels and proposing to slash federal funding for solar research.

But at the state and local levels, governments and citizens continue to invest in a future where all Americans share the economic and environmental benefits of solar power.

Last week, California became the first state to require solar panels on most new homes, beginning in 2020. With California home prices already at astronomical levels, naysayers complained that the mandate will add an estimated $10,000 to the cost of a new home. But consider the savings.

The California Energy Commission expects the new policy to cut energy use in new homes in half. It will add an estimated $40 a month to the average mortgage, but homeowners will save up to $80 on their monthly electricity bills. According to the Institute for Local Self-Reliance, over the life of a 30-year mortgage, the average homeowner will save $14,000. The energy commission says the overall savings to residential utility customers over 30 years will be $1.7 billion.

Even homebuilders support the solar mandate.

“With this adoption, the California Energy Commission has struck a fair balance between reducing greenhouse gas emissions while simultaneously limiting increased construction costs,” said Dan Dunmoyer, head of the California Building Association.

Another innovative policy to push solar was adopted this month in Athens, Ohio. By a vote of more than three to one, voters supported adding a carbon fee to their utility bills, to be used to fund solar installation projects on public buildings. The fee, expected to add $1.60 to $1.80 to the average monthly bill, should also provide an incentive for residents to reduce their energy use.

Eddie Smith, director of the Southeast Ohio Public Energy Council and also an Athens township trustee, said the carbon fee will raise awareness about the threat of climate change.

“It’s having dialogue about the damage that comes from fossil fuel energy production, and over time shaping a culture that understands how incredibly damaging those byproducts are,” Smith told The Athens Messenger. “If we’re ever going to have an efficient energy economy, we have to have a culture that embraces charging and capitalizing into the rate of energy those damages from fossil fuel energy production.”

Solar power has been most widely embraced by homeowners with higher incomes. But 10 states have programs to expand solar access to lower-income households. Illinois’ Solar for All Program is funded by charges on residents’ utility bills and through the Illinois Power Agency.

The program funds initiatives to put solar panels on homes and apartment buildings in lower-income neighborhoods, investment in community-wide solar programs in designated environmental justice zones, and grants to nonprofits serving those communities. It also includes training in solar installation jobs for lower-income residents.

These and other innovative programs show that leadership in the development of renewable energy doesn’t have to come from the federal government. As one solar industry executive told CNN Money, "Solar's future is secure even in the face of temporary poor federal policy."

[cecilmeyer]

I am just curious when is there not a depression for the working class?

[Spellbound]

Peter Schiff on Joe Rogan's podcast earlier today.


http://www.youtube.com/watch?v=jYbIXFBxHC0

Dave - Toronto

[Spellbound]

http://www.youtube.com/watch?v=3bblmtyxIoY

[A Voice from the Mountains]

I would say that transfering assets into useful real estate is a realistic way to hedge against global financial collapse.

The housing market is way overpriced right now. It's in the same self-feeding spiral of people buying and reselling that it was before the 2008 crash. If you buy land, you'll always have it (unless you default on your payments to the bank!), but it'll be cheaper when the housing market crashes again.

I convert a chunk of cash into silver or gold every now and then. Demand for silver especially is only going to go up with electronics production, and the prices of both of them appear to be severely suppressed. I've seen it claimed by multiple sources that gold is suppressed by something like 10x and the price of silver is as much as 25x undervalued in relation to the dollar. The banks regularly dump massive futures whenever their prices go up too much, to send them crashing back down based on nothing but fear.

[A Voice from the Mountains]

I am just curious when is there not a depression for the working class?

Try the 1950's into the 60's. One man could work one job and afford a house, car, groceries, and everything else for his entire family.

It wasn't until around the 1970's that this became impossible for the majority of Americans, and women had to start working to support the household too. Around the same time, the Department of Education was created and the education system was essentially nationalized to indoctrinate the kids while both parents worked.

Reagan tried to get us back to where 1 working man could support an entire family, but obviously we still aren't there again yet.

[onawah]

Unless It Changes, Capitalism Will Starve Humanity By 2050
Drew Hansen
https://www.forbes.com/sites/drewhansen/2016/02/09/unless-it-changes-capitalism-will-starve-humanity-by-2050/#369a55177ccc
"Capitalism has generated massive wealth for some, but it’s devastated the planet and has failed to improve human well-being at scale.

• Species are going extinct at a rate 1,000 times faster than that of the natural rate over the previous 65 million years (see Center for Health and the Global Environment at Harvard Medical School).https://www.biologicaldiversity.org/programs/biodiversity/elements_of_biodiversity/extinction_crisis/

• Since 2000, 6 million hectares of primary forest have been lost each year. That’s 14,826,322 acres, or just less than the entire state of West Virginia (see the 2010 assessment by the Food and Agricultural Organization of the UN).http://www.fao.org/news/story/en/item/40893/icode/

• Even in the U.S., 15% of the population lives below the poverty line. For children under the age of 18, that number increases to 20% (see U.S. Census).https://www.un.org/development/desa/en/news/population/un-report-world-population-projected-to-reach-9-6-billion-by-2050.html


• The world’s population is expected to reach 10 billion by 2050 (see United Nations' projections).


Capitalism is unsustainable in its current form.

How do we expect to feed that many people while we exhaust the resources that remain?

Human activities are behind the extinction crisis. Commercial agriculture, timber extraction, and infrastructure development are causing habitat loss and our reliance on fossil fuels is a major contributor to climate change.https://en.wikipedia.org/wiki/Habitat_destruction

Public corporations are responding to consumer demand and pressure from Wall Street. Professors Christopher Wright and Daniel Nyberg published Climate Change, Capitalism and Corporations last fall, arguing that businesses are locked in a cycle of exploiting the world's resources in ever more creative ways. https://books.google.com/books/about/Climate_Change_Capitalism_and_Corporatio.html?id=UrNOrgEACAAJ

"Our book shows how large corporations are able to continue engaging in increasingly environmentally exploitative behaviour by obscuring the link between endless economic growth and worsening environmental destruction," they wrote.

Yale sociologist Justin Farrell studied 20 years of corporate funding and found that "corporations have used their wealth to amplify contrarian views [of climate change] and create an impression of greater scientific uncertainty than actually exists."

Corporate capitalism is committed to the relentless pursuit of growth, even if it ravages the planet and threatens human health. https://www.hsph.harvard.edu/c-change/

We need to build a new system: one that will balance economic growth with sustainability and human flourishing.

A new generation of companies are showing the way forward. They're infusing capitalism with fresh ideas, specifically in regards to employee ownership and agile management.

The Increasing Importance Of Distributed Ownership And Governance

Fund managers at global financial institutions own the majority (70%) of the public stock exchange. These absent owners have no stake in the communities in which the companies operate. Furthermore, management-controlled equity is concentrated in the hands of a select few: the CEO and other senior executives.

On the other hand, startups have been willing to distribute equity to employees. Sometimes such equity distribution is done to make up for less than competitive salaries, but more often it’s offered as a financial incentive to motivate employees toward building a successful company.

According to The Economist, today’s startups are keen to incentivize via shared ownership:https://www.economist.com/leaders/2015/10/24/reinventing-the-company

The central difference lies in ownership: whereas nobody is sure who owns public companies, startups go to great lengths to define who owns what. Early in a company’s life, the founders and first recruits own a majority stake—and they incentivise people with ownership stakes or performance-related rewards. That has always been true for startups, but today the rights and responsibilities are meticulously defined in contracts drawn up by lawyers. This aligns interests and creates a culture of hard work and camaraderie. Because they are private rather than public, they measure how they are doing using performance indicators (such as how many products they have produced) rather than elaborate accounting standards.

This trend hearkens back to cooperatives where employees collectively owned the enterprise and participated in management decisions through their voting rights. Mondragon is the oft-cited example of a successful, modern worker cooperative. Mondragon's broad-based employee ownership is not the same as an Employee Stock Ownership Plan. With ownership comes a say – control – over the business. Their workers elect management, and management is responsible to the employees.

REI is a consumer cooperative that drew attention this past year when it opted out of Black Friday sales, encouraging its employees and customers to spend the day outside instead of shopping.

I suspect that the most successful companies under this emerging form of capitalism will have less concentrated, more egalitarian ownership structures. They will benefit not only financially but also communally.

Joint Ownership Will Lead To Collaborative Management

The hierarchical organization of modern corporations will give way to networks or communities that make collaboration paramount. Many options for more fluid, agile management structures could take hold.

For instance, newer companies are experimenting with alternative management models that seek to empower employees more than a traditional hierarchy typically does. Of these newer approaches, holacracy is the most widely known. It promises to bring structure and discipline to a peer-to-peer workplace.

Holacracy “is a new way of running an organization that removes power from a management hierarchy and distributes it across clear roles, which can then be executed autonomously, without a micromanaging boss.”
https://www.holacracy.org/what-is-holacracy

Companies like Zappos and Medium are in varying stages of implementing the management system.

Valve Software in Seattle goes even further, allowing employees to select which projects they want to work on. Employees then move their desks to the most conducive office area for collaborating with the project team.

These are small steps toward a system that values the employee more than what the employee can produce. By giving employees a greater say in decision-making, corporations will make choices that ensure the future of the planet and its inhabitants."

Those small steps had better start getting a lot bigger really fast!
:clock:

[Mari]

I think the Ubuntu movement (or a derivative of) will be the saving grace of the human race. Its time has not quite come yet, as there are still far too many asleep/selfish people that would be threatened by it.
The only thing that will save us (never mind 'the economy') is to adopt a philosophy Contributionism & take it completely to our hearts. We cannot 'fix' the old model, or build a 'new' system with the consciousness we presently have. I guess things will have to get really grim before we all wake up.

As the Ubuntu movement explains, it all starts with one small town with enough people willing to give it a go:

https://ubuntuplanet.org/

[onawah]

We have to graduate from consuming to conserving and from competing to cooperating, much as the ancient societies that Prof. Mariah Gimbutus researched and wrote about.
https://en.wikipedia.org/wiki/Marija_Gimbutas
Those cultures did not wage war on each other, were more matriarchal in nature ( ie, more balanced), where the primary goals were to provide everyone with at least the basic necessities and to honor the Earth.

[onawah]

CATHERINE AUSTIN FITTS – WE’VE REACHED ‘NEVER NEVER LAND’ ACCOUNTING
Greg Hunter
Published on Sep 15, 2018
8-rwzItf9-o
"There is good reason people are going to real assets. The U.S. government is “missing” $21 trillion between the DOD and HUD. This fact was uncovered by Fitts and economist Dr. Mark Skidmore last year. What was the government’s answer to this gigantic accounting fraud that is the size of the federal deficit? Give the government’s budgets basically classified national security status. Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts says, “Apparently, the people leading the audit have come to them and said if we do this audit, we will disclose classified projects. So, the board (Federal Accounting Standards Advisory Board - FASAB) came out with a new policy. I say it is illegal. You cannot do it under the financial management laws, and you certainly cannot do it under the Constitution, and it said you can keep classified off the books, which means you can cook the books and you can basically do whatever you want. This matches up with the waiver given to the national security advisor that says corporations, if he waives them (regulations), can also cook their books with the SEC. Now, we have the corporations making money, and they can cook their books under the law, and apparently the government can too. So, when the board made the statement and announced this new policy, they made the point that if they didn’t do this, the only alternative was to redact the Department of Defense financial statements, which meant you would have to redact the U.S. government’s financial statements, which means we have reached “Never, Never Land,” which also means the whole thing is a joke. . . . As a matter of policy, they are saying you have to give them, for the IRS, for the Census and all these other things, complete financial disclosure and honest financial disclosure by pain of law or you go to prison, but they can make up whatever they want. They can publish financial statements that are complete fiction with no accountability to you and call it national security. What this is doing is engineering complete financial insecurity for every American citizen. This is the end of financial security.”

In closing, Fitts says, 'I am a gold fan. . . . You also want to have as little leverage and debt as possible. . . . I am also a silver fan, and I am getting reports that silver is getting hard to find. Gold is down 8% for the year and silver is down 16%, but go and try to buy a bunch of silver. It’s tough.' "

Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, Publisher of The Solari Report.

Alexandra Bruce's take:
https://forbiddenknowledgetv.net/catherine-austin-fitts-weve-reached-never-never-land-accounting/

"Catherine Austin Fitts joins Greg Hunter to discuss the latest financial trends, resulting from “reverse Globalization” and the re-patriation of capital and assets to the US, which has resulted in the “submerged emerging markets.” Many such countries are really feeling the pain, with rising unemployment and greatly devalued currencies, Russia’s having dropped 18% since January and Venezuela’s dropping by 99.9%.

Fitts says it’s not just US Federal policies to bring back capital and manufacturing that are causing this but also automation and AI that are impacting developing markets by altering what the US needs from those markets, from natural resources to outsourcing.

In addition, she says, there has been a continuing breakdown of the US dollar’s hegemony established by Bretton-Woods system during the end of World War II, which has been on very shaky ground since the 2008 Global Financial Crisis.

With the US dollar as the reserve currency, the US has benefited from cheap resources – but at the expense of exorbitant military budgets and she implies it no longer works if “the money you’re spending for a military running the system is less than the benefit you’re getting.”

She says we saw two factions of the American establishment battling in the 2016 election, “One of them wants to pull back behind the oceans into ‘Fortress America’ [or what she says Trump calls ‘Make America Great Again’].

“Now, with drones and other technology, you can project power…by using drones and space weaponry and other things…[instead of running a global military].

“With robotics and AI, you can bring a tremendous amount of the manufacturing and operations you need for national security back into North America, so what you’re seeing is a consolidation of the base back into North America and making North America strong, so…[if] the end of the Bretton Woods system happens and we shift to a multipolar world, America can be effective in that world.”

Fitts says these ideas make a lot of sense for concrete businesses. “The other [Globalist] faction, on the other hand, wanted to continue to strip the base, on the theory that you could keep the global game going. I don’t think it was gonna work and clearly, there were a lot of smart people in the military [who backed Trump and] who didn’t think it could keep working, either.”

While almost all financial figures in the Alternative Media have been warning of an imminent global economic collapse for the past decade, Fitts has maintained that we would see, instead a “slow burn.” But things are coming to a head, with Germany’s Finance Minister, Olaf Scholz recently urging the establishment on an alternative to the SWIFT (Society for Worldwide Interbank Financial Telecommunication) banking network, which carries the vast majority of all interbank transactions, with data centers in the US, Netherlands and Switzerland.

SWIFT is a major source of global signals intelligence for the NSA and US has thrown its weight around through the SWIFT system, as a primary means of imposing financial sanctions on countries like Iran, Russia, Venezuela, Cuba and North Korea. The Europeans have become increasingly dissatisfied with this arrangement, to say nothing of the sanctioned nations.

In the long term, the outlook for the US dollar looks very weak but in the short term, it’s still strong and “not coming apart anytime soon.” This continued “dangerous dominance” however does carry the threat of extreme volatility events. “That’s why this situation argues for balance…the real push is to real assets, whether it’s real assets, reflected in a stock or real assets, reflected by real estate or precious metals…Since 2008, the holdings of the top 100 land owners America has doubled Greg, doubled!

“…The push, politically is going to be towards building a global equity model. So, we’ve been on a debt model and there’s going to be tremendous push, including from the central bankers to push for an equity model and it’s one of the reasons I think you see the central banks around the world buying stocks for their reserve. So instead of buying US Treasuries, the Swiss National Bank has been one of the leaders of building stocks. We had a report in 2017 from the BIS looking at the debt problem that said, ‘Anything we could do to encourage equity is really important.'”

Her latest report, “The Rise of the Asian Consumer” addresses how the growing Asian middle class, which will soon be ten times the size of that of the US will act like a tsunami, raising prices on everything, while also presenting enormous opportunities for Western businesses.

This will occur in tandem with radical developments in robotics and AI. Fitts says that understanding these changes will be important for situating yourself advantageously. “You know, demographics are so important to who succeeds…if you look at estimates of how many engineers we’re producing a year or the G7 is producing every year versus how much [Asia is] producing, you know it’s multiples of 5 to 10 times more engineers every year. We’re producing a lot of lawyers Greg, we need to be producing more engineers…

“The other thing is, their engineers, in terms of innovation are not checked by the copyright system, the way we are here. So, if you look at the speeds they’re moving at, in terms of invention on tech or AI, it’s quite remarkable.

“The second thing I go through are IQs…the Asian populations are considered to have IQs of about five to ten points higher than ours and if you look at what’s been going on in this country in the last 20 years, with nutrition, with fluoride, with geoengineering, lots of other things; vaccines, I think have been a really concerted effort to lower IQs here. So if you look at the number of engineers they’re producing, the speeds at which they’re free to operate and the IQ points they have on the board, relative to our population, it’s scary.”

Fitts says that the Anglo-American alliance has been so dominant over the past century because, “We have been able to achieve the lowest cost of capital, globally of anybody…If you get into the financial engineering of what we accomplished, it’s quite remarkable – but it all depends on people believing that we practice the rule of law – and if you look at what has happened with the bailouts and the (missing) $21 trillion, it is going a long way to destroy our reputation.”

The rich in China do not trust their government and are moving their assets offshore and she says, “It’s going to come down to whether the American alliance can reaffirm their credibility, when it comes to respecting people’s property rights and the rule of law,” an area in which she has seen “tremendous deterioration.”

Fitts gets into her attendance of the Aspen Council last year, where she learned that venture capitalists definitely intend to replace every US worker with robots, which will be given citizenship and which will pay taxes (!)

The final months of the year are looking very tense and it remains unclear if release will come in the form of war, a geopolitical problem, a financial problem or all three. “The variability of what could happen is extraordinary. I think that’s what’s making life so difficult. So this is really a time to be prepared.”

Fitts is a fan of silver, which is down 16% in 2017, leading her to ask whether “they’re trying to preserve silver for the industrial applications?” (a sentiment echoing Web Bots predictions which remain as yet unfulfilled).

She’s a fan of gold. Even though it is down 8%, both gold and silver are hard to buy in quantity but that if there is anything that people all over the world agree upon, it’s that, 'Gold is money.' ”

[AutumnW]

I am just curious when is there not a depression for the working class?

Try the 1950's into the 60's. One man could work one job and afford a house, car, groceries, and everything else for his entire family.

It wasn't until around the 1970's that this became impossible for the majority of Americans, and women had to start working to support the household too. Around the same time, the Department of Education was created and the education system was essentially nationalized to indoctrinate the kids while both parents worked.

Reagan tried to get us back to where 1 working man could support an entire family, but obviously we still aren't there again yet.

Voice from the Mountains,

Huh? Reagan started the gutting of unions with his abrupt firing of air traffic controllers. Prior to the Reagan era, a unionized work force guaranteed a rising standard of living. They could be a disruptive force that created a whole different set f problems, but you have to hand it to unions for creating a bygone era where one man working could support a family.

IMHO, you are like 180 degrees off here. Women going back to work in huge numbers was partly a result of Reaganism. It had the unintended consequence of flooding the market with labor and eventually driving wages down. You're probably correct on that one.

[ThePythonicCow]

Trump will be blamed for starting a trade war, and that trade war will be blamed as a major cause of the Great Global Depression that begins, I expect, in 2018.
Brandon Smith has updated his forecast of a major collapse, from his forecast made in March of 2018 (which formed the opening post of this thread) that the crash will happen in 2018, to forecasting that the crash will happen either in late 2018 or early 2019, based on the expected timing of coming US Federal Reserve interest rate hikes. Brandon continues to expect that a Trump initiated trade war will be used as one of the covers for this collapse, to keep blame off the central bankers who are once again up to their usual boom and bust cycles that they control, by extending and then retracting debt.

Once again, his article is an excellent one - clear and perceptive.

He writes on his alt-market.com website (http://www.alt-market.com/articles/3532-the-everything-bubble-when-will-it-finally-crash):

~~~~~~~~~~~~~~~~~~~~~

The Everything Bubble: When Will It Finally Crash?

Wednesday, 26 September 2018 09:38 Brandon Smith

Much like the laws of physics, there are certain laws of economics that remain constant no matter how much manipulation exists in the markets. Expansion inevitably leads to contraction, and that which goes up must eventually come down. Central banks understand this reality very well; they have spent over a century trying to exploit those laws to their own advantage.

A common misconception among people new to alternative economics is the idea that central banks only seek to keep the economy afloat, or keep it expanding forever. In reality, these institutions and the money elites behind them artificially inflate financial bubbles only to deliberately implode them at opportunistic moments.

As I have outlined in numerous articles, every economic bubble and subsequent crash since 1914 can be linked to the policy actions of central bankers. Sometimes they even admit to culpability (to a point), as Ben Bernanke did on the Great Depression and as Alan Greenspan did on the 2008 credit crisis. You can read more about this in my article ‘The Federal Reserve Is A Saboteur – And The “Experts” Are Oblivious (https://personalliberty.com/federal-reserve-saboteur-experts-oblivious/).’

Generally, central bankers and international bankers mislead the public into believing that the crashes they are responsible for were caused “by mistake.” They rarely if ever mention the fact that they often use these crises as a means to consolidate control over assets, resources and governments while the masses are distracted by their own financial survival. Centralization is the name of the game. It is certainly no mistake that after every economic implosion the wealth gap (https://www.theguardian.com/commentisfree/2018/apr/12/wealth-inequality-reasons-richest-global-gap) between the top 0.01% and the rest of humanity widens exponentially.

Yet another crash is being weaponized by the banks, and this time I believe the motivations behind it are rather different. Or at least the goals are supercharged.

The next phase of the financial elite’s plans for centralization involve a complete restructuring of the global monetary climate, something Christine Lagarde of the IMF has often referred to as the great “economic reset.” The term “economic reset” is more likely code for “economic collapse,” one epic enough to facilitate a completely new monetary framework with a new global reserve currency. A historically unprecedented economic reset would require a historically unprecedented financial bubble, which is exactly what we have today.

The ‘Everything Bubble’ as many alternative analysts are calling it is built upon multiple crumbling pillars. Here they are in no particular order:

Central Bank Stimulus

Bailouts and QE measures on the part of central banks have been used as a stopgap since the 2008 crash to prevent market reversals whenever they appear. Most of all, central banks have been particularly obsessed with keeping stocks in a perpetual bull run, which Ben Bernanke and Alan Greenspan admitted was part of maintaining a certain positive “psychology” within the public. In other words, the purpose of stimulus measures was to give the masses a false sense of security, not heal the real economy.

The other primary initiative behind stimulus was to prop up debt poisoned governments and corporations around the world. However, the intention was not necessarily to help these institutions climb out of the red. No, instead, the goal was to keep them semi-solvent long enough for them to take on EVEN MORE debt, to the point that when they do collapse the aftermath will be so devastating that recovery would be impossible.

The timing of the central bank tapering of QE should be treated as an alarm on the crash of the everything bubble. With the Federal Reserve cutting off QE measures, the Bank of Japan using “stealth tapering,” and the European Central Bank warning of high inflation and the need for tapering, it is clear that the era of easy money is almost over. When the easy money is gone, the crash is near.

Stock Buybacks

Using steady loans from the Federal Reserve as well as Trump’s tax cut, stock markets have been inflated beyond all reason by corporations implementing the equities manipulation scheme of stock buybacks. By artificially reducing the number of stock shares on the market, companies can increase the “value” of the existing shares and fuel a bull market rally. This rally has nothing to do with actual wealth creation, of course. It is a game of phantom wealth and inflated numbers.

Stocks in particular will require ever more debt on the part of corporations along with never-ending near zero interest rates in order to keep the farce going. The central bankers, though, have other plans.

Near Zero Interest Rates

Low interest rates should be considered a part of the stimulus model, but I’m setting them separately because they represent a special kind of market manipulation. The option for corporate entities to borrow from the Fed at almost no cost has done little to improve the effects of the 2008 credit crisis. In fact, corporate debt levels are now near all-time highs not seen since the last crash. This time, however, dependency on low cost loans has conjured a monstrous addiction within the business cycle. Any increase in interest rates will trigger painful withdrawals.

Central banks around the world are now increasing that pain as they hike rates well beyond what many analysts were expecting a few years ago. Corporate debt in particular is highly vulnerable to this new tightening policy. Without low rates, corporations can no longer afford to hold the debts they have, let alone take on more debt in a futile attempt to keep equities propped up.

Central banks argue that “inflation” is the excuse for hiking interest rates at this time. True inflation has been well above Fed targets for years, and the banking elites showed no care whatsoever. I suspect that the real reason is that the next phase of the reset is near, and a little chaos is needed.

For decades, the Fed has kept the neutral rate of interest well below the rate of inflation. For the first time in at least 30 years, the Fed under Jerome Powell is seeking to increase neutral rates to make them equal to the pace of inflation (official inflation). The Fed has approximately two to three more rate hikes (including the September rate hike) to reach the pace of inflation. I believe this is our window on the next crash; the moment at which the Fed completely reverses its past policy of artificial support for the economy.

Federal Reserve Balance Sheet

I have written at great length about the correlation between the Fed’s balance sheet and equities and I will not go into great detail here. Simply put, with each increase in the balance sheet over the past decade, stocks rallied in tandem. As the Fed cuts assets, stocks enter volatility. A divergence has occurred the past two months between the Fed balance sheet and stocks, but I believe this is temporary.

Corporate buybacks are at all-time highs in 2018, and it’s obvious that this is meant to offset the Fed’s waning support for the markets. As interest rates increase and the Trump tax cut dwindles, though, buybacks will die.

If we consider the possibility that the Fed’s assets also include stock shares as many suspect, then the Fed asset dumps would also INCREASE the number of existing shares on the market and sabotage corporate efforts to reduce shares through stock buybacks. I predict stocks will once again converge with the falling Fed balance sheet by the end of this year and that they will continue to drop precipitously through the last quarter of 2018 and the rest of 2019.

Timing Is Everything

Central banks need cover before they can launch their “global reset,” and what better cover than a massive international trade war? Trump’s trade war is an excellent distraction which can be used as a rationale for every negative consequence of the central banks pulling the plug on stimulus life support. Meaning, the disasters the central bankers cause through tightening into a weak economic environment can be blamed on Trump and the trade conflict.

I don’t think it’s a coincidence that almost every escalation in the trade war happens to take place at the same time as major central bank announcements on rate hikes and balance sheet cuts. The latest trade war salvo of $200 billion in tariffs against China is leading to a Chinese announcement on retaliation — all of this taking place on the exact week of the Fed’s September meeting which is expected to result in yet another rate hike and expanded balance sheet cuts.

The Fed’s tightening policies have resulted in a severe reaction by emerging markets which are already crashing and have diverged greatly from U.S. markets. American stocks will not escape the same fate.

The Fed’s neutral rate efforts suggest a turning point in late 2018 to early 2019. Balance sheet cuts are expected to increase at this time, which would also expedite a crash in existing market assets. The only question is how long can corporations sustain stock buybacks until their own debt burdens crush their efforts? With such companies highly leveraged, interest rates will determine the length of their resolve. I believe two more hikes will be their limit.

If the Fed continues on its current path the next stock crash would begin around December 2018 into the first quarter of 2019. After that, other sectors of the economy, already highly unstable, will break down through 2019 and 2020.

~~~~~~~~~~~~~~~~~~~~~

[5th]

I've been hearing the economy is going to crash 'this year' every year for the past six or more years. Always predicted to be in October...

in truth, I've been hearing it since before the mini collapse of 2008 but it is never anything like as bad as 'expected'.

Yes, it always looks like it will and maybe one year the predictors will get lucky and be right.

We've also been hearing that the dollar is worthless and will collapse for the past umpteen years but it just gets stronger and stronger.

I suspect this continual prediction of collapse is more a reflection of either the state of the individual's subconscious or the collective unconscious. It's a state of mind common among the 'conspiracy' believers but not among other people. Our flawed economic system bumbles on regardless and has done for over a hundred years. Even if there is a collapse since debt in fiat money is almost imaginary there is no reason it must be the disaster predicted. Of course, it could be if The Powers That Be wanted it but (just like population reduction) it would be relatively simple to implement and yet it hasn't happened.

I doubt it will happen this year, or next.

[ThePythonicCow]

The Great Global Depression is bearing down on us.



All nations and corporations outside of the US that owe any significant debt denominated in US Dollars will be unable to repay that debt, as US Dollars abroad become increasingly scarce. Trump's Tax Bill of late 2017, and his new raising of trade tariffs, are two of the measures that are shrinking the available supply of US Dollars outside of the US.

The European Union has its own immense and still expanding debt crisis. I don't understand the dynamics and details of it as well, but it's surely a train wreck of great proportions, waiting to happen. Whatever elements of European culture, tradition and nationality are least liked by the elite bastards will no doubt be blamed for the immense train wreck, once it unfolds.

Within the US, where I have studied matters more, I suspect that the ever excellent Brandon Smith is right, in his most recent article White House Soap Operas Distract From Real Global Dangers (http://www.alt-market.com/articles/3398-white-house-soap-operas-distract-from-real-global-dangers). Brandon writes that Trump is being setup to take the blame. The political dramatics that have so engaged both the "left" and the "right" (e.g. Trump's tweets and Qanon's posts on 4chan and 8chan) in the US in the last couple of years, surrounding Trump, Hillary, and related drama are an equivalent to the "Bread and Circuses" of the Roman Empire. Trump will be blamed for starting a trade war, and that trade war will be blamed as a major cause of the Great Global Depression that begins, I expect, in 2018.

The above, working in part from the work of Brandon Smith, was written early in this year of 2018.

As 2018 draws to a close, Brandon is still at it.

His latest article, The Psychological Warfare Behind Economic Collapse (http://www.alt-market.com/articles/3607-the-psychological-warfare-behind-economic-collapse), examines the unfolding plans for a major global economic collapse, as part of controlling earth's resources and humanity, especially our minds.

In the middle of this article, Brandon writes:


Economics as the globalists implement it is not about profit. It is sometimes about milking the population for labor or hard assets, but this is a side benefit. What economics is really about is molding minds; it is about changing the psychology of millions of people. It is about erasing inborn conscience and moral compass. It is about destroying long held societal principles and heritage. And sometimes, it is about erasing history altogether, killing most of a generation, and then writing a new history that is more suitable to the globalist ideal, which is much easier when there are so few people who remember the truth left to argue about it.
He concludes this article with:


The globalist magazine The Economist (http://altcoopsys.org/wp-content/uploads/2017/01/ArticleEconomist1988GetReadyforthePhoenix_001.pdf) announced in 1988 the coming of a one-world currency system, one that would be launched in 2018 and that would require the decline of the U.S. economy and the dollar to open the door to the reset. It is no coincidence that we are now witnessing the beginning of a major financial crash in the last quarter of 2018. This crash was engineered starting in 2008 by central banks first through the inflation of a historic bubble encompassing almost all asset classes using stimulus measures and near zero interest rates, and it is being imploded today by the same central banks using tightening measures into economic weakness.

It is also no coincidence that the globalists have announced in 2018 that their intention is to adapt to a digital monetary system using blockchain technology and cryptocurrency. That is to say, the one world currency system predicted in The Economist is already here (https://www.imf.org/en/News/Articles/2018/11/13/sp111418-winds-of-change-the-case-for-new-digital-currency). They are only waiting for a crisis large enough to pressure society to accept total global centralization as a solution.

Forcing the public to embrace worldwide centralization would require several measures. First, the current system, which as stated is designed to fail, would have to be allowed to crash. Second, the crash would have to be blamed on someone other than the globalists and their ideology of globalism. Third, philosophical opponents of globalism (i.e., conservatives, nationalists and decentralization activists) would have to be demonized or eliminated so that the globalists can build their new world order without opposition. Fourth, the population would need to be sufficiently traumatized to the point of psychological submission and desperation, so that when the new system is introduced, they will be grateful for it, thus preventing future rebellion by making the public a willing cooperator in their own enslavement.

The success of such a plan is not guaranteed. In fact, I believe the globalists will ultimately fail in their endeavor as I have outlined in past articles (http://www.alt-market.com/articles/2950-the-reasons-why-the-globalists-are-destined-to-lose). This does not mean though that they aren’t going to try. Liberty activists must accept the fact that the plan of the globalists involves the deliberate destruction of our current economy. Those who refuse will find themselves bewildered by the outcome of future financial developments, instead of being prepared. They will find themselves easily subdued, instead of ready to rebel. And they will wonder after it’s all over why they didn’t see it coming when the end game was so obvious.
It's another fine Brandon Smith article. If you enjoy his work, you can find the full article at: White House Soap Operas Distract From Real Global Dangers (http://www.alt-market.com/articles/3398-white-house-soap-operas-distract-from-real-global-dangers).

[A Voice from the Mountains]

Unless It Changes, Capitalism Will Starve Humanity By 2050

At least he's more optimistic than Karl Marx was. :ROFL:

And according to Al Gore the ice caps shouldn't exist by now.



in truth, I've been hearing it since before the mini collapse of 2008 but it is never anything like as bad as 'expected'.

2008 could have been a lot worse if the government didn't bail out all the criminal activities of the banks. But I know what you mean. It's hard to predict something that I think is really a power struggle. No one has unilateral control here.

Economics encompasses just about everything in our lives. It can be difficult to control labor sometimes, especially when the bankers don't have political power.

If a global depression was to strike tomorrow, which countries would be in the best position to recover and take advantage of the situation before the others do?

I think the answer to that lies in who has the most leverage to remove the bankers from power. And this is the crux of the problem for those bankers who want a collapse.

[onawah]

Just to be clear, that was an opinion I quoted from Forbes magazine, and was not my opinion.


Unless It Changes, Capitalism Will Starve Humanity By 2050

[ThePythonicCow]

Unfortunately, my forecast, which began this thread almost a year ago, that the year of 2018 would be the beginning of a greater global depression, may (almost) come true.

We have just one week left in 2018, and outside of a few nations, most people in most nations would not say they are in a major depression. The economies of most nations are still working more or less normally.

However ... at least in the United States ... the signs of a major financial crisis are mounting.

In just the last three weeks:

Secretary of the Treasury Steven Mnuchin called heads of the six largest U.S. banks to verify they were not suffering any liquidity problems.
Mnuchin also called a meeting of the "Plunge Protection Team" (the President's Working Group on financial markets) for tomorrow, Monday.
Mnuchin announced the above two actions in this tweat: https://t.co/YzuSamMyeT
Zerohedge has also reported on these actions of Mnuchin: Mnuchin Called Bank CEOs To Check Liquidity, Calm Markets; Has Monday Call With Plunge Protection Team (https://www.zerohedge.com/news/2018-12-23/plunge-protector-mnuchin-reportedly-called-bank-ceos-calm-markets-ahead-monday-open)
The last two months, yield curves on U.S. Treasuries have flirted with yield inversion (https://www.bloomberg.com/opinion/articles/2018-12-03/u-s-yield-curve-just-inverted-that-s-huge) (longer bonds yielding less than shorter term bonds), which is a strong predictor of financial market collapse.
The Bank of International Settlements (BIS) has starting issuing warnings of increased financial risk (e.g. Yet more bumps on the path to normal: BIS Quarterly Review (16 Dec 2018) (https://www.bis.org/press/p181216.htm)
The U.S. stock markets are on track to have their worst December since the Great Depression (https://www.rt.com/business/446757-stock-market-great-depression/) began in 1929.
The pile of debt (private, public, world-wide) since the recession of 2008 has grown to truly epic proportions, using fraud, securitized debt and derivatives and options thereof.

As I noted yesterday in Post #8045 of the Qanon thread (http://projectavalon.net/forum4/showthread.php?100318-The-Qanon-posts-and-a-Very-Bad-Day-Scenario-for-some-elite-swamp-critters&p=1265438&viewfull=1#post1265438), I expect that we are being setup for a massive economic and financial crisis, rather than another military world war, to mark the end of the American Century and Empire, and the transition of the globalists power center from the U.S. to China:

The world war we are now entering will be financial, economic, monetary, commercial, and engineering, as the hopes for economic well being of the average American are dashed on the rocks of collapsing stocks, bonds, pensions, social benefits, insurance plans, and real estate prices and the economic solvency of most American individuals, families, communities, businesses, and governments local and federal are dashed on the rocks of defaulting debt and foreclosure.
So my forecast that most ordinary people ("normies") in my family and community would know, for certain, that the economic and financial collapse had happened, by the end of this year 2018 looks like it will be another failed forecast (my tenth or twelfth failed annual forecast of economic collapse in a row, if I recall correctly.)

However for the few percentage of us that track financial, economic and monetary markets a little closer, there seems to be no escape from a major collapse, and little further delay possible.

[A Voice from the Mountains]

Even if the stock market bottoms out and big banks go into default, I don't think all the industries rebuilding in the US will be allowed to simply shut their doors and close shop. The rebuilding of domestic industry has been gaining momentum regardless of the stock market, and all it would take is some financial sleight-of-hand to keep the fiat flowing. I suspect the stocks and banks will crash sooner or later, but government intervention will keep critical infrastructure going, including coal, steel manufacturing, electrical plants, etc.

The doom and gloom will be for the bankers and stock manipulators. More like 1921 than 1929.

[ThePythonicCow]

Even if the stock market bottoms out and big banks go into default, I don't think all the industries rebuilding in the US will be allowed to simply shut their doors and close shop. The rebuilding of domestic industry has been gaining momentum regardless of the stock market, and all it would take is some financial sleight-of-hand to keep the fiat flowing. I suspect the stocks and banks will crash sooner or later, but government intervention will keep critical infrastructure going, including coal, steel manufacturing, electrical plants, etc.

The doom and gloom will be for the bankers and stock manipulators. More like 1921 than 1929.

Real industry, real mining, real farming, real infrastructure ... I agree that yes, there is a long future there.

Paper wealth, such as one's expected retirement, medical insurance, social benefit payments, stock and bond appreciation, bank savings, real estate appreciation, and jobs that don't really produce something ... those now dominate the finances of many, probably the majority, of Americans. There I do not see a future.

People working in the military-industrial complex, government and large corporation "desk" or management jobs, the medical and pharmaceutical industries, and the financial services industries are going to take a major income hit, either losing their jobs or losing substantial real value of their income. Even many routine manual labor and service jobs will be replaced by robotics and automated systems. Taxi, truck drivers and package delivery drivers will be replaced by self-driving vehicles, and engine mechanics will be less in demand as engines go electric. This currently describes over half of the entire American economy, which will have to shrink to less than ten per-cent of the economy.

Imported goods, such as most of our electronics, many of our cars, half our food, most of what's on the shelves at Wal*Mart, and even much of what Amazon sells will cost a lot more in "real" (adjusted to current value) US Dollars, as the US Dollar will no longer be the King Dollar, the Reserve currency, of the world. Some of that production will return to domestic production, but that will take time and won't be cheap.

There will be, deliberately and by the intentions of the bastards in power, a period of "shock and awe" in the American populace, caused not by nuclear holocaust or a major armed invasion, but by an economic, financial and monetary collapse.

Those who can get through the "shock and awe" period, of perhaps a few years, and who are able to perform honest, productive work, will do OK. America will no longer be the "shining city on the hill", the world's only super-power and the world's dominant economy. But there will be plenty of honest work for those able.

But the "shock and awe" period will come first. Some will not make it through that period, and many who do will have to dramatically down-size their life-style and expectations, and will have to learn new ways to earn a living.

Those who remain in denial of the changes will have an especially hard time of it.

This will be more of a mind game than a physical decimation of the population. Those who understand the forces and changes in play will mostly be able to get through it, unless their existence, perhaps for medical, limited mental or physical abilities, or high debt reasons, was already marginal.

I expect that this will be more like the collapse of the British Empire, or more recently of the Soviet Union, than either 1921 or 1929 in the U.S. Like Russia, but less like England, America has vast physical resources which will provide a long term basis for a real, productive, economy.

That will, by design of the bastards in power, not come immediately.

First "they" have to knock us "off our throne" of being the world's imperial super-power, the world's dominant military, provider of the world's monetary currency, the world's dominant issuer of debt, and the world's leading trader in fraud, drugs, toxic food, toxic medicines, arms, and human organs and infants.

If, as seems increasingly likely to me, this is overlaid with a decade of global cooling due to a solar minimum like we have not seen in centuries, then it won't be easy, even for the tougher, more flexible, amongst us.

[5th]

Yes, although the Dow has fallen from 28,000 to 22,000 it's not a collapse as we are still higher than September last year.

It was ridiculously, artificially high and while it could be the beginning of a crash it's more likely to be just the return to sensible levels. But I agree the world economic outlook is not bullish and maybe we are due for an unpleasant correction soon. However, I still say a 'great Global Depression' won't happen even in 2019.

[ThePythonicCow]

Yes, although the Dow has fallen from 28,000 to 22,000 it's not a collapse as we are still higher than September last year.
In the last few hours, the Dow fell further.

As you state, and as the reader can see in the following chart, the Dow was about 22,000 in Sept of 2017. Then it rose rapidly to nearly 27,000 in January of 2018, and during 2018 ranged between about 23,500 and 27,000. In the last few trading days, it has fallen below that trading range, back down to (just below) 22,000.

http://thepythoniccow.us/DowJones_Dec2016_Dec2018.jpg
While I would not define "collapse" as "below the level of 15 months ago", I would agree that the fall so far is not what would usually be called a "collapse".

However it was a record fall today. Never before in the 122 year history of the Dow Jones Industrial Average had the Dow fallen more than 1% on Christmas Eve. That's usually a quiet day in a quiet week.

Today, Christmas Eve of 2018, the Dow fell over 2%.


It was ridiculously, artificially high and while it could be the beginning of a crash it's more likely to be just the return to sensible levels.

Ah - but there lies the rub. What's "sensible" ?

Well, actually, as I have described in more detail above, the Dow Jones Industrial stock index is just one small part of a substantially larger rub.

I stand by my forecast that "World War III" will be more of a monetary, financial and economic war, than a shooting war (though smaller scale shooting wars will continue in various regions of the world, of course.)

[ThePythonicCow]

As 2018 draws to a close, Brandon is still at it.

His latest article, The Psychological Warfare Behind Economic Collapse (http://www.alt-market.com/articles/3607-the-psychological-warfare-behind-economic-collapse), examines the unfolding plans for a major global economic collapse, as part of controlling earth's resources and humanity, especially our minds.

In the middle of this article, Brandon writes:


Economics as the globalists implement it is not about profit. It is sometimes about milking the population for labor or hard assets, but this is a side benefit. What economics is really about is molding minds; it is about changing the psychology of millions of people. It is about erasing inborn conscience and moral compass. It is about destroying long held societal principles and heritage. And sometimes, it is about erasing history altogether, killing most of a generation, and then writing a new history that is more suitable to the globalist ideal, which is much easier when there are so few people who remember the truth left to argue about it.
He concludes this article with:


The globalist magazine The Economist (http://altcoopsys.org/wp-content/uploads/2017/01/ArticleEconomist1988GetReadyforthePhoenix_001.pdf) announced in 1988 the coming of a one-world currency system, one that would be launched in 2018 and that would require the decline of the U.S. economy and the dollar to open the door to the reset. It is no coincidence that we are now witnessing the beginning of a major financial crash in the last quarter of 2018. This crash was engineered starting in 2008 by central banks first through the inflation of a historic bubble encompassing almost all asset classes using stimulus measures and near zero interest rates, and it is being imploded today by the same central banks using tightening measures into economic weakness.


I stand by my forecast that "World War III" will be more of a monetary, financial and economic war, than a shooting war (though smaller scale shooting wars will continue in various regions of the world, of course.)

That is not just my forecast. It's also Brandon Smith's forecast, as in the above linked article of his that I posted at greater length on the previous page of this thread.

I hold his track record and analysis on such matters in much higher regard than I hold my own.

[ThePythonicCow]

Since my post an hour ago, above, the Dow has fallen nearly another 1%, from 21,990 then, to close for the day (early close for Christmas Eve) at 21,792, down 2.9% for the day.

===

Correction to something I wrote above. It was the S&P 500, not the Dow, that had never previously dropped over 1% on Christmas Eve. The Dow has done that, twice, dropping 1.1% on Christmas Eve of 1918, and 1.0% on that day in 1920. Further details can be found at: The stock market just booked its ugliest Christmas Eve plunge in history (MarketWatch.com) (https://www.marketwatch.com/story/the-sp-500-is-on-the-verge-of-tumbling-by-the-most-it-has-ever-fallen-on-christmas-eve-2018-12-24)

===

P.S. -- Here's another good article, putting the current U.S. stock market changes in more perspective: https://wolfstreet.com/2018/12/22/fangman-stocks-nasdaq-sell-off-tax-loss-harvesting/

[ThePythonicCow]

.
Perhaps I have one fundamental point above wrong.

Perhaps there is not some deep conspiracy, by some central planning committee, to concoct an apparent financial and economic war, in order to perpetuate, mutatis mutandis (https://www.merriam-webster.com/dictionary/mutatis%20mutandis), control over humanity.

Perhaps rather there is an actual war ongoing, that has been ongoing for centuries, if not millenia.

Perhaps there are long standing powers or families, currently manifest in [A] such entities as the White Dragons in the Orient and the Knights Templar in the West, who are engaged in a great battle against other powers, manifest in [B] such entities as the Vatican, various Satanists, and the Khazarian Mafia (aka globalist banker cabal).

Perhaps the [A] entities will no longer stand by and watch the planet, or human civilization, be so destroyed as has been happening.

Perhaps the [A] entities have broad support amongst Christian and Military elements in the West. Perhaps they chose Trump as one of their public leaders, for now at least.

Perhaps the [B] entities are presently losing this great battle, already having (more or less quietly) lost several of their key operational chieftains, known by such names as George H. W. Bush, Barbara Bush, John McCain, Zbigniew Brzezinski, and David Rockefeller (http://stateofthenation2012.com/?p=109578), as well as other less public figures.

Perhaps it is as divided at the "top" as it is all the way down.

Perhaps such deep divisions are not simply a devious mechanism of control, but rather a reflection of the fundamental structure of our civilization, with deep and lasting divisions right to our core.

Perhaps this explains why it seems that the most powerful and wealthy families visible to us are so concerned with genetics and bloodlines. Perhaps these long standing divisions are along bloodlines.

===

My thanks to Jim Willie's Hat Trick Letter (https://www.golden-jackass.com/) for this month of December, 2018, for portions of the above considerations.

[ThePythonicCow]

.
If my previous post, just above, is correct, then this has major implications for something else I've been claiming in this thread.

If the divisions in human civilization go all the way to the top, along bloodlines, then there might not be a need to accentuate trauma in the bulk of humanity, in order to compel compliance with major changes in the world order.

Rather, once the more toxic power structures of the apparently losing bloodlines are sufficiently uprooted and weakened, then the majority of humanity can be treated in a more benign manner, adapting to larger changes due to solar climate (perhaps a global cooling in the coming decade) or technology advances and the extension of humanity out across the solar system, as best as circumstances allow.

Perhaps, in other words, the bulk of humanity is not essentially like an MKUltra victim, being deliberately traumatized into deep internal divisions and submission, by a few elite bastards, heartlessly farming us for our energy, but rather we might be more like the children of divorcing parents, allowed and enabled to live and grow as circumstances allow, once the challenges of custody are determined.

Hence the Economic World War III that I forecast in some posts above might not be artificially energized to be especially traumatic, but rather might pass more gently. The changes will however still be quite dramatic, even traumatic, for those who have trouble wrapping their heads around what is happening.

[Jayke]

.If the divisions in human civilization go all the way to the top, along bloodlines, then there might not be a need to accentuate trauma in the bulk of humanity, in order to compel compliance with major changes in the world order.

Rather, once the more toxic power structures of the apparently losing bloodlines are sufficiently uprooted and weakened, then the majority of humanity can be treated in a more benign manner, adapting to larger changes due to solar climate (perhaps a global cooling in the coming decade) or technology advances and the extension of humanity out across the solar system, as best as circumstances allow.

Perhaps, in other words, the bulk of humanity is not essentially like an MKUltra victim, being deliberately traumatized into deep internal divisions and submission, by a few elite bastards, heartlessly farming us for our energy, but rather we might be more like the children of divorcing parents, allowed and enabled to live and grow as circumstances allow, once the challenges of custody are determined.

I’ve been thinking along similar lines recently, to the extent that I’ve begun calling the Trump presidency ‘Diana’s Revenge’, as Trump and the late princess Diana Spencer, supposedly both herald from the House of Stuart. The last Stuart to sit on the British throne was Queen Anne (https://en.m.wikipedia.org/wiki/Anne,_Queen_of_Great_Britain), who also happens to be the queen who features in the book ‘How the Nation was Won (https://www.goodreads.com/book/show/31940754-how-the-nation-was-won)’, as the Queen who helped America temporarily find its freedom from the grip of British oligarchy. The house of Stuart seems to be the bloodline of the Production capitalists. As oppose to the Venetian Oligarchs and British Israelis who are the bloodline of the speculative capitalists.

https://icelandmonitor.mbl.is/news/culture_and_living/2017/01/24/donald_trump_is_related_to_most_icelanders_and_dani/
https://cdn.mbl.is/frimg/9/38/938474.jpg

There’s a great website, written by an anonymous genetics researcher, who calls himself The Catholic Jew, so while not a totally credible resource, it does provide great food for thought and a few detailed threads to follow.

http://alternativegenhist.blogspot.com

===============



Legendary Slavonic or Parthian three brothers Rus (Z280), Lech (M458) and Czech (Z284) of R1a Z283 y-dna.

The Royal House descended from King Vonones II of Parthia took the name of Vononi which became Von, Vend, Wend, Vanir etc (Sla-voni means people of Vonones) . They were lead by a legendary leader who some called Cechy or Czech as well as Velus, Volo or Vologases. They left Parada or Paratan to escape the Sassanids and moved into Kazakhstan and some of them became Khazar Rulers and they later entered Europe in the area known as Czechia as the Z284 y-dna clan of Ephraim. Some of them then moved north into Scandinavia and then to Scotland. The MacDonalds descend from this Jewish Khazar branch of the Tribe of Ephraim. They were known as the Black Slavs due to their darker complexion and hair.

Another group of Ephraimites are the so-called Proto-Slavs of Central and Western Europe of M458 y-dna. They were originally called the Erani clan as they left Europe from the Persian Empire where they had left their name Eran in the form Iran. They are most likely the first of the three clans to enter Europe after the fall of the Parthian Empire. They represent the Ephraimite Parthians who remained in the lands of Media (Mitanni) and Persia (Iran) during the time of the Parthian Empire whereas the Z280 and Z284 Parthians were those who had established the Indo-Parthian kingdom. The Indo-Parthians were those who came from the regions of the Indian Ocean and the secret Parthian capital City called Parthia or Ophir (now underwater in the Perth Canyon). The leader of the Erani Proto-Slavs was called Lech and is considered to be the founder of Poland and represented by the white eagle. they were known as the White Slavs due to their fair skin and blonde hair. The name Lech probably meant milk white, Cech meant black and Rus meant red in the original Parthian language of the Slavs.

Besides these three clans of Ephraim of Parthian origin there are others clan's descended from Ephraim such as the one's that were involved in Joseph's interstellar project who are known as SRY1532.2* or YP4141 (R1a2). The group that settled in Canaan when the others were enslaved in Egypt was of YP1272 y-dna. YP1051 was an Ephraimite clan that did not take part in the Exodus but may have been present in the Egyptian colonies in Europe.

It is thus Russia and Poland and the other Slavic nations that are the Commonwealth of Nations mentioned in the Bible in regard to Jacob's prophecy for his grandson Ephraim. It would seem the birthright blessing passed to Ephraim's grandson Beredi and thus to the Russian people today who are the birthright nation. Biblical prophecy speaks of a day in the future in which the envy of Ephraim (Russia and the Slavic nations) against Judah (the Jews and the British) will come to an end and they will unite in unity.

==========

Also, Paul Levy, in his book ‘Jewish and Israelite Kingdoms’, gives a timeline for when the different tribes of Israel will discover their heritage and announce themselves to the world. They expect all the tribes to be reunited and the new messiah to announce himself by the year 2240.

The only reason I can see it taking so long is that there’s currently an elite intermarrying process going on. They’ve got to wait for those bloodline babies to grow up before they can marry them into other bloodline clans to unite the tribes.

[A Voice from the Mountains]

Perhaps rather there is an actual war ongoing, that has been ongoing for centuries, if not millenia.

That's the only thing that makes sense. Otherwise we would have already been enslaved long ago. Instead, human history only shows us becoming more and more empowered over time, as the common man and woman. You and I live more comfortably today than kings of the Middle Ages, who, as you know, still shat in buckets and had no Internet! :P

I also agree it is related to bloodlines (another example in the chart Jayke posted above) and probably goes back as far as the old Enki and Enlil story and probably beyond that. I don't believe the human race as it exists today simply evolved from monkeys, either. Someone has been watching over and fighting over us.

[ThePythonicCow]

Perhaps, in other words, the bulk of humanity is not essentially like an MKUltra victim, being deliberately traumatized into deep internal divisions and submission, by a few elite bastards, heartlessly farming us for our energy, but rather we might be more like the children of divorcing parents, allowed and enabled to live and grow as circumstances allow, once the challenges of custody are determined.
Perhaps, to extend this analogy, one (or more) of our "parents", ruling families, is more Satanic, more abusive, than the other(s).

Perhaps one of the motivations behind the "divorce" and ensuing "custody fight" is an effort by the more human, less Satanic, ruling family or families to save humanity from the abuses imposed on us by the more Satanic families.

That's not to imply that we, the population as a whole, will be treated, as free and honorable adults of equal right and power. We may well still be treated as "Children of God", to be governed by various means of control, power, propaganda, surveillance, allowances, and such. But that's probably better than being governed using ego-shattering terrorizing abuse of infants to create a class of "emotional eunuchs" (sociopaths) to ride roughshod over the rest of us.

Of course, and in any case, my analogy to a divorcing family breaks down after a point. For one thing, there are billions of humans on this planet, not the handful of children that might be in a divorcing family. Some of those billions, no matter how difficult the situation, will shine forth their genius and humanity, as did for example Aleksandr Solzhenitsyn (http://www.moscovery.com/aleksandr-solzhenitsyn/) in the Russian Gulag Archipelago, a forced labor camp in frozen Siberia.

It is part of the duty of each of us in this life to advance the well being, physical, mental and spiritual, of our fellow beings, in such diverse ways as our various talents and resources might permit.

It may be a delusion however to think that us common folk will organically form the large institutions of governance, commerce, production, learning, science and culture out of which a major civilization rises. Rather it seems that a few will be chosen, by position and family, to lead, even though those few are often as not just as ill-tempered and poorly talented as many of us commoners.

Our ancestors knew that life under some rulers was better than under some other rulers. Some rulers were kind and wise; some harsh and stupid. As they might have wished for their descendants to live in times of kind and wise rulers, so might we.

None of this is to deny the importance of humanity choosing well the forms of our governance.

But most of us, most of the time, don't get to choose the fundamental structures of the society into which we are born and live, nor can I imagine any way that it could be possible that we could, each of us, individually and separately, make such choices. If we could do so, then human civilization would resemble more a flask of gas containing seven billion particles, each of which was independently performing as a "Maxwell's daemon (https://www.auburn.edu/~smith01/notes/maxdem.htm)", deciding the fate of each of the other particles that approached it ... that way lies insanity.

[A Voice from the Mountains]

I have a question for Paul or anyone else who might know the answer to this.

This may not really be finance-related, but David Rothschild is on Twitter still ranting and raving about Trump destroying the economy by criticizing the Federal Reserve, and he mentioned the market's betting odds that Trump won't survive his first term as president.

I've never gambled before, but that got me to thinking. There are a lot of very impassioned people who are probably pouring a lot of money into this. In fact, I found this page: https://www.bovada.lv/sports/politics

I know that federal restrictions on Internet gambling were recently relaxed so that this stuff is legal now, but like I said, I've never engaged in gambling and don't know anything about it. I don't think it's much of a gamble, though, that Trump will indeed finish out his first term, and even win a second. And if I risk, say, $200, they're telling me I could earn $300 in winnings. Do you know anything about this, Paul? Does that mean I would get my $200 back plus the $300 in winnings, totaling $500 returned to me? :sherlock:

The way I figure, this is basically like putting money in a back account for 2 years, with a 75% simple interest rate. If the Democrats get into the House in January and start making a big dramatic scene, maybe the payout could go up even more. Bovada seems to have a good reputation too, from online reviews I've read, though they apparently have some rather steep fees on returns, I think 6% in some cases.

[Jayke]

The only time I placed a bet was in the run up to Trumps first presidential win.

There’s a couple things I did to maximise profits.

First, you’ll want to double check the small print. Most of the online gambling sites in the U.K. have small print saying ‘you have to have 4 wins accrued on your account before we’ll pay out’. If the small print is similar in the US, you can easily negate that by taking your 200 bucks and making 4 identical bets of 50, on the same site, instead of using the 200 bucks for a single bet.

You’ll get paid out for the odds you play at the time of playing. If the odds change at a later time, due to the volatility of politics, you’ll have to place more bets to take advantage of the better odds, but yes, you’ll get the £300 plus your original £200 back if the odds are 3/2 for instance, at least we do in the U.K.

Also, on the online gambling space, companies over here like to lure us in by offering free bets of up to £40, for the first £10 you use to sign up. If it’s the same in the US, you could make a killing with 200 bucks, even with odds at 3/2.

Find as many websites offering free bets when you sign up and you could turn your 200 into 800 straight away, and walk away with £2000 should trump win his second term.

That’s exactly what I did in Trumps first election anyway. Trumps win paid for a very good Christmas that year.:Party:

[ThePythonicCow]

I have a question for Paul or anyone else who might know the answer to this.
I only wager with lovely young ladies who have taken an irrational delight in my presence, or with my son ... for those are the two situations in which I would happily lose the wager :).

Since my son doesn't wager either, and it's been at least 30 years since any such ladies appeared in my life (roughly my son's age, not coincidentally), it's been a long time since I wagered at all.

I see others have already replied more usefully to you inquiry - good.

[Frenchy]

edit :
, but David Rothschild is on Twitter still ranting and raving about Trump ...and he mentioned the market's betting odds that Trump won't survive his first term as president.




http://www.theolivepress.es/spain-news/2015/06/18/exclusive-baron-rothschild-indicted-in-france-over-fraud-case/
: Baron Rothschild indicted in France over fraud case
French police have been ordered to track down one of Europe’s wealthiest aristocrats over a fraud involving hundreds of British pensioners
By Rob Horgan 18 Jun, 2015


Note also, that there's probably an Automated collective Bureau organising the sending of tweets. pont-of-note :- the example of Pelosi's and { forget who ! } wth inedntian text's...

So, is Lord Lucan,sorry,I mean D.R. at liberty ? ? ?

[ramus]

@ Paul ...this is not meant to be hurtful but your track record on financial collapse is not good, I've said this before, a correction is not a collapse. It's 12-28-18 at 11:49 market is on it's third day of recovery. Yesterday the market swung 750 points before the close, to end up positive, of course the day before 1089 point rise. I my life time and our ages is not much different I've witnessed 6 corrections, 35 years ago I made one of my hobbies the stock market. All the fundamentals are intact, the corporate tax cut haven't fully kicked in, from what even the msm says we just had a record Christmas season. What we do have is a media and I include " Market Watch " as doomsayers. They want to discredit Trump and his achievements, even if it destroys everybodys wealth, how twisted are they? I know that they're people that say they are not in the stock market so let it crash. Almost everyone is in the market if they know it are not.

Pensions, 401k's any retirement account, the the one they over look the most is the Insurance companies, car, home, health care. Your premiums mainly go in the market .. if it goes down your premiums go up, it's not a one for one proposition but it's effected. We are all in the market one way or the other. I won't do a Ben Fulford here but I will say, the attacks on Trump won't stop, but even with the head winds the market will rise . Time will tell

[ramus]

One good question that I and many others have asked, is what has changed in the last 3 months .... a lot of uncertainty, Fed rate hike, which wasn't necessary, no inflation. Trade tariffs which a moratorium was called for to Feb was positive news but not broadcast...Christmas sales up, fuel cost down , msm's constant
doomsday talk . "say it long enough they will believe it" This has all been orchestrated, they don't care who they hurt.

[ThePythonicCow]

@ Paul ...this is not meant to be hurtful but your track record on financial collapse is not good
I absolutely agree :).

[A Voice from the Mountains]

Find as many websites offering free bets when you sign up and you could turn your 200 into 800 straight away, and walk away with £2000 should trump win his second term.

That’s exactly what I did in Trumps first election anyway. Trumps win paid for a very good Christmas that year.:Party:

Yes, it'd certainly give me a double reason to celebrate in November of 2020. I should have bet in 2016 as well, but it just wasn't something that was even on my radar.

I'll check out the fine print on Bovada, but I know that they do offer bonuses for signing up. I'll probably wait for the upcoming bout of drama, to see that there are no runs on the bank or anything like that, that might throw a wrench into things during this financial reset, and I think the Democrats will cause a big scene in the House that will cause the payout for betting on Trump to go up even more.

It's even possible that the House votes for impeachment by a slim majority, but the odds of the Senate ever actually carrying it out with a Republican majority are zero. I bet it would drive the payout way up beyond the current 3/2 odds for him being the next president though, all literally at the expense of the "the resistance." ;)

[onawah]

Dave Janda, Greg Hunter – Hammer of Justice Falls in 2019
12/29/18
Published on Dec 29, 2018

"Host of the popular radio show “Operation Freedom” Dr. Dave Janda warns about the massive debt problems the world is facing and the coming economic reset. Dr. Janda says Trump is correct when he says, “The real problem is the Fed and not China.” Janda says the Deep State “rigged the economy to implode” with massive amounts of debt. Dr. Janda says, “Trump has been buying time” to put the American people in the best position possible when it all comes down. Dr. Janda says the economic system is “vapor” and contends, “This is all part of the war we are in right now.”
Don’t worry because Janda says, “The hammer of justice will fall in 2019.”
Join Greg Hunter as he goes One-on-One with Dr. Dave Janda, host of “Operation Freedom.” "

vpxTyCnkYm0

[5th]

I'm surprised that nobody has posted that after Xmas we had the biggest ever one day rise in the Dow - over 1,000 points. Now it stands at just over 23,000.

Of course, while 1,000 points may be the biggest ever it is not the largest percentage rise because back in the days when it was 5,000 a mere 250 points would have been bigger...

But the nail is certainly in the coffin for a collapse in 2018.

[Frenchy]

Can't access it now, but I have seen { on G.A., I think it was... ) that DJT has signed the Order for the Dissolution of the FED...

[onawah]

What is G.A. Frenchy?

Can't access it now, but I have seen { on G.A., I think it was... ) that DJT has signed the Order for the Dissolution of the FED...

[ThePythonicCow]

From the Qanon posts thread:
However ... I expect that the deep state will retaliate with a global economic, financial, and monetary collapse, the likes of which we have not seen in centuries, at least.

The "blame game" for who is at fault for that collapse will be an intense, lengthy battle.


Dave Janda, Greg Hunter – Hammer of Justice Falls in 2019
...
Dr. Janda says, “Trump has been buying time” to put the American people in the best position possible when it all comes down.
...
Source: http://www.youtube.com/watch?v=vpxTyCnkYm0

Dave Janda discusses the financial situation at some length, between the 1:23:54 (https://youtu.be/vpxTyCnkYm0?t=5034) and 1:33:47 (https://youtu.be/vpxTyCnkYm0?t=5627) marks of this interview with Greg Hunter.

While listening to these ten minutes of the interview, I realized two things that I had not realized before.

Trump surely realized early on, perhaps as Dave Janda suspects in that famous early post-election meeting with Obama, that the American and world finances and economies were rigged to "blow up real good". The bastards in power behind the banksters were well along in setting one of the worst economic collapses ever.
Trump, an expert when it comes to money, negotiating, and power plays, decided early on, and has successfully, bought some time, so that he can reduce the harm that this coming economic collapse will have on the people of America and the world.

At the 1:29:03 mark (https://youtu.be/vpxTyCnkYm0?t=5343), Janda imagines Trump saying the following to the globalist bankers, such as Gary Cohn, Steve Mnuchin, and Wilbur Ross, that he is bringing in, from Wall Street, to his administration, early in his Presidency:
Look you're on the Titanic, we already hit the iceberg all people don't know about it yet and you know what you're not leaving this boat, okay?

And I'm holding you guys hostage and I'm holding every every entity that you're associated with hostage and what we're gonna do is we're gonna buy time. We're gonna buy time so that I can negotiate something with the creditors of our debt so that when this thing comes down and we know it's built to come down.

We know it's just kind of like building seven, it's rigged to implode.

We know this is how it's been rigged, the charge has already been set, so what I need to do is I need to buy time and I need to make it so that when this occurs hundreds of millions of people are not going to be devastated and we have to make it so that the world doesn't blow up when this comes down and you're gonna help me do it.
That says about as clearly as can be what Dave Janda figures that Trump decided to do, two years ago, and what he's apparently been doing, since then, on this matter.

The devastating global economic, financial, and monetary collapse will not be as devastating as the globalists intended and as I had been forecasting, because Trump has spent the last two years, and some of his leverage, making it so that millions of people will not be devastated.

[5th]

This Fiat money game is very strange. So the stock market collapses and billions of dollars 'disappear' meaning that investors can't cash in as much money. Now this is supposed to be bad?

In fact, no money has disappeared at all - just the value of stocks and shares. The money is still there and what's more it is now available for general circulation rather than the investors. So this is surely a good thing?

Currencies fall but so what? If they all fall then relative to one another then they are effectively the same as before so nothing changes for imports and exports. It only matters if one currencies collapses relative to another and that other had net imports.

So, what exactly is an economic collapse because no money disappears? Yes, I know it's about circulation and a dollar circulated is worth more than a dollar sitting still (crazy eh?).

Reminds me of the story where a guy goes into a hotel, puts a $100 bill on the desk and says, 'Can I go up and look at a room before I confirm my booking?'. So he goes up...

The hotel owner takes the money, runs next door and pays the baker the $100 he owes for bread. The baker runs and pays the prostitute the $100 her owes her. She runs to the hotel and pays the owner the $100 she owes him for room rental.

The man comes back down, takes his $100 and says, 'No, I don't like the room'.

[ThePythonicCow]

This Fiat money game is very strange. So the stock market collapses and billions of dollars 'disappear' meaning that investors can't cash in as much money. Now this is supposed to be bad?

In fact, no money has disappeared at all - just the value of stocks and shares. The money is still there and what's more it is now available for general circulation rather than the investors. So this is surely a good thing?
Thinking of "money" as some incompressible quantity of something that is traded back and forth for goods and services is thinking that will lead one's mind astray.

"Modern day" money lacks relatively stable long term quantity, and is not a barterable item of reliable conversion value for "stuff", goods and services.

Rather modern money is a pair of promises, spread over time, between parties of unequal power and unequal integrity.

When a powerful, lying, bastard who controls the courts, armies, police, governments, corporations and our major communication (aka "news") channels promises to pay you X units of goods and services (where they even control the measure of those units itself ... think "inflation") some ten or twenty or thirty years from now, in exchange for you paying them X units of goods and services now ... you've been screwed.

The problem with debt money, and its cousin, socialism, is that the "little man" (you and me) loses coming and going.

When the stronger party in such a transaction (this now for that then) feels like it, they can just say "Sorry, no have." Sorry, your pension plan is broke. Sorry, your bank savings are confiscated. Sorry, your expected social benefits are worth less than promised. Sorry, your retirement savings were in stocks and bonds that just crashed. Sorry, that home you had that you thought had appreciated in value several times ... just depreciated back down (or, if you're a conspiracy minded Californian, just got burned down.) Sorry, that education you borrowed so much for is worth a job flipping hamburgers (until some robot takes that job too.)

When the weaker party in such a transaction has trouble making their payments, then the collateral is taken instead, or except in minor cases, some other pound of flesh is extracted. Nations are lost, lovely wives and daughters lost, land, tools and liberty are lost. The morality of the powerful lender to the weaker borrower: it would be immoral to let a defaulting borrower off without extracting some penalty that will fully compensate the lender, or at least put the fear of the "Gods" in the hearts of any other such borrowers who might also be inclined, or forced, to default.

Neither a borrower nor a lender be, at least not in such unfair arrangements.

Well, unless one goes totally off-grid, that's practically impossible in today's world.

So, at least be as prepared as one can practically be for all that more powerful parties, governments (social benefits), corporations (insurance pay-outs, pension benefits, ...), and major controlled (stock, bond, real estate, ...) markets might have "promised" in the future to come to naught, or much less anyway, and be as prepared as possible for hard times when one's future income stream can no longer afford one's present level of debt payments (which includes tax and rent payments, as those are usually in essence just the debt payments of more powerful parties that have been pushed down on to you.)

That's the problem with entering into such relations with more powerful entities. They get what they think is coming to them one way or another, while choosing when and if and to what extent and by what means to return what was promised us, all the while teaching the masses through their schools, news media and organized religions that this "is good" and that this is as it should be ... and if there's any dispute, their courts and judges arbitrate the matter. All this is legislated, regulated, prosecuted, and penalized in accordance with their governments, courts, police and armies.

For a few, more hardy than I, the answer may be "off grid." For many of us, I figure, the answer is "think small". Keep as much of one's life, hopefully a sufficient amount to sustain it, "small and local", with people, tools, shelter, skills and other relations and dependencies that one has on hand or that are between other ordinary people, on a reasonably fair and honest basis, over time. Always, so much as one can anyway, have a plan for when and if some "big" institution or some "big" person who controls such institutions, goes back on their word, returning less of real value and demanding more.

In short, the present value of money or the quantity of money in circulation, are not the issue. It is the future value of promises and expectations, between parties of dramatically unequal power and morality. Money, both what you think you have and what you think you owe, manifest in a wide variety of ways, is but the "hydraulic fluid" that conveys the pressures of these unfair demands and unmet expectations, over time and place.

The advice to "follow the money" is about as useful as trying to understand a construction project by following the hydraulic fluids in the cranes, bulldozers, backhoes, and forklifts. You can see what's moving about (well, actually, you can only estimate the weight and movement of such) that way, and where to and from, in the present moment. But you cannot directly see who or what powerful persons or entities said what to whom, behind the scenes, that led to that construction or that will determine its effects on ordinary humans, there and elsewhere, now and in the future.

Debt-money (money issued as a pair of balancing credits and debits: you get this now in return for that later) is the hydraulic fluid of our civilization.

Debt-money is in and of itself neither good nor bad. It's just a tool for transferring value across space, time and persons.

But like gun powder, debt-money is an amazingly useful tool in the hands of the more powerful, less moral.

Note that "debt-money" includes taxes paid to a socialist government - you or your family or your community are "promised" future benefits in return for present taxes.

"Debt-money" has also come to include college degrees. You give away some of the best years of your life and take on large amounts of debt, in return for a diploma and credentials that promise higher income, in "better" jobs, with more status and security, in the future.

Avoid, where possible, entering into relationships that depend on the future actions of more powerful, better armed, less honest entities than one's self.

Have backup plans in mind, when one has to, or decides to, enter into such relationships anyway, for when and if those relationships go sour. They will, at the most inopportune times.

[ThePythonicCow]

P.S. -- I forgot about this, as I don't directly participate in conventional medicine. I pay for no health insurance. I visit no doctor and I take no prescription medications. Fortunately, I don't get sick. I am my own doctor, and food is my medicine. Perhaps that explains in part why I don't get sick.

However the rather substantial amounts that most people in Western Civilization pay for medical care, including the insurance costs their employer pays, the taxes they and their employer pays, and the more direct payments to insurance, doctors, hospitals and laboratories ... these too are a form of "debt-money", that consumes a substantial portion of our present "economy".

One is (directly or indirectly) paying now, for the promise (ill-kept) of health in the future.

The result in America is that "health care", along with governing, military, and financial services, is one of the largest "industries" in America, while Americans are among the sickest people in the "advanced" nations.

[AutumnW]

Suture self, Paul!

[ramus]

Stock market on the verge of panic-like buying as Dow surges nearly 700 points

Published: Jan 4, 2019 11:47 a.m. ET

By
Mark
DeCambre

http://projectavalon.net/forum4/showthread.php?102198-Forecast-Great-Global-Depression-begins-2018-Trump-and-Euro-skeptics-will-be-blamed.-Qanon-is-part-of-the-distraction./page6

A more than 600-point gain in the Dow Jones Industrial Average DJIA, +2.82% and a surge in the Nasdaq Composite Index COMP, +3.75% late-morning Friday has put the equity market on the brink of seeing panic-like buying take hold. The moves come on the back of dovish comments from Federal Reserve Chairman Jerome Powell during a panel discussion with his predecessors in Atlanta. The Arms Index, a volume-weighted measure of breadth, tends to decline below 1.000 on broader-market rallies, as volume in advancing shares tends to increased disproportionately to volume in declining shares. When the Arms falls below 0.500, many consider a sign of panic buying. The Dow was up 613 points at 23,298. The Dow was up by as many as 691 points at its Friday peak at 23,377.69. Meanwhile, the S&P 500 index SPX, +2.91% rose 2.8% at 2,517, while the Nasdaq was climbing 3.7% at 6,698. Those gains saw the NYSE Arms hit 0.555 (and slightly lower), while the Nasdaq Arms is at 0.827. The number of advancing stocks outnumbered decliners by a ratio of 9 to 1 on the NYSE, with volume in advancing stocks was about 90% of total volume on the NYSE. Fed Chairman Jerome Powell said Friday he's flexible about future monetary policy moves, proving some comfort to investors that have grown anxious about the rate-hike path of the central bank as signs of slack in the global economy appeared to mount. n a moderated discussion at the American Economics Association meeting in Atlanta, Powell said: "We will be patient as we watch to see how the economy evolves." Markets were already on an upswing after an official read of employment showed that a better-than-expected 312,000 jobs were created in December.


P.S. Another Sign:


Powell says he would not resign if asked by the president

Published: Jan 4, 2019 10:35 a.m. ET
By
Steve
Goldstein
D.C. bureau chief

Federal Reserve Chairman Jerome Powell said he would not resign if asked by President Donald Trump. Speaking next to his predecessors Janet Yellen and Ben Bernanke, Powell said at an American Economic Association conference in Atlanta that he does not yet have a meeting scheduled with Trump, as some reports have suggested is imminent. Powell did say that previous presidents have met with Fed chairmen. Trump has frequently criticized Powell in both interviews and tweets over the Fed's interest-rate hikes.
__________________________________________

An interesting point is Trump would not ask him to resign and he ( Powell ) knows this. Trump would have to go thru another break in period with a new hider he wouldn't risk it now that Powell is where he needs to be on rates.

[AutumnW]

This Fiat money game is very strange. So the stock market collapses and billions of dollars 'disappear' meaning that investors can't cash in as much money. Now this is supposed to be bad?

In fact, no money has disappeared at all - just the value of stocks and shares. The money is still there and what's more it is now available for general circulation rather than the investors. So this is surely a good thing?

Currencies fall but so what? If they all fall then relative to one another then they are effectively the same as before so nothing changes for imports and exports. It only matters if one currencies collapses relative to another and that other had net imports.

So, what exactly is an economic collapse because no money disappears? Yes, I know it's about circulation and a dollar circulated is worth more than a dollar sitting still (crazy eh?).

Reminds me of the story where a guy goes into a hotel, puts a $100 bill on the desk and says, 'Can I go up and look at a room before I confirm my booking?'. So he goes up...

The hotel owner takes the money, runs next door and pays the baker the $100 he owes for bread. The baker runs and pays the prostitute the $100 her owes her. She runs to the hotel and pays the owner the $100 she owes him for room rental.

The man comes back down, takes his $100 and says, 'No, I don't like the room'.

How do you think lending institutions would react if their stock values plummet? They become very cautious and hesitate to extend loans. At any time this would be difficult but in an economy run on high rates of personal and corporate debt, it's ruinous.

[waree]

From the Qanon posts thread:
However ... I expect that the deep state will retaliate with a global economic, financial, and monetary collapse, the likes of which we have not seen in centuries, at least.

The "blame game" for who is at fault for that collapse will be an intense, lengthy battle.


Dave Janda, Greg Hunter – Hammer of Justice Falls in 2019
...
Dr. Janda says, “Trump has been buying time” to put the American people in the best position possible when it all comes down.
...
Source: http://www.youtube.com/watch?v=vpxTyCnkYm0

Dave Janda discusses the financial situation at some length, between the 1:23:54 (https://youtu.be/vpxTyCnkYm0?t=5034) and 1:33:47 (https://youtu.be/vpxTyCnkYm0?t=5627) marks of this interview with Greg Hunter.

While listening to these ten minutes of the interview, I realized two things that I had not realized before.

Trump surely realized early on, perhaps as Dave Janda suspects in that famous early post-election meeting with Obama, that the American and world finances and economies were rigged to "blow up real good". The bastards in power behind the banksters were well along in setting one of the worst economic collapses ever.
Trump, an expert when it comes to money, negotiating, and power plays, decided early on, and has successfully, bought some time, so that he can reduce the harm that this coming economic collapse will have on the people of America and the world.

At the 1:29:03 mark (https://youtu.be/vpxTyCnkYm0?t=5343), Janda imagines Trump saying the following to the globalist bankers, such as Gary Cohn, Steve Mnuchin, and Wilbur Ross, that he is bringing in, from Wall Street, to his administration, early in his Presidency:
Look you're on the Titanic, we already hit the iceberg all people don't know about it yet and you know what you're not leaving this boat, okay?

And I'm holding you guys hostage and I'm holding every every entity that you're associated with hostage and what we're gonna do is we're gonna buy time. We're gonna buy time so that I can negotiate something with the creditors of our debt so that when this thing comes down and we know it's built to come down.

We know it's just kind of like building seven, it's rigged to implode.

We know this is how it's been rigged, the charge has already been set, so what I need to do is I need to buy time and I need to make it so that when this occurs hundreds of millions of people are not going to be devastated and we have to make it so that the world doesn't blow up when this comes down and you're gonna help me do it.
That says about as clearly as can be what Dave Janda figures that Trump decided to do, two years ago, and what he's apparently been doing, since then, on this matter.

The devastating global economic, financial, and monetary collapse will not be as devastating as the globalists intended and as I had been forecasting, because Trump has spent the last two years, and some of his leverage, making it so that millions of people will not be devastated.

Hi Paul,

With all due respect, I would like to hear your take on Q post "The Brave New World" and Trump pushing on RFID and 5G.

Q !!mG7VJxZNCI ID: ebc49e No.3783812 📁
Nov 7 2018 13:12:06 (EST)

We are going to show you a new world.
Those who are blind will soon see the light.
A beautiful brave new world lies ahead.
We take this journey together.
One step at a time.
WWG1WGA!
Q

[Praxis]

This Fiat money game is very strange. So the stock market collapses and billions of dollars 'disappear' meaning that investors can't cash in as much money. Now this is supposed to be bad?

In fact, no money has disappeared at all - just the value of stocks and shares. The money is still there and what's more it is now available for general circulation rather than the investors. So this is surely a good thing?
Thinking of "money" as some incompressible quantity of something that is traded back and forth for goods and services is thinking that will lead one's mind astray.

"Modern day" money lacks relatively stable long term quantity, and is not a barterable item of reliable conversion value for "stuff", goods and services.

Rather modern money is a pair of promises, spread over time, between parties of unequal power and unequal integrity.

When a powerful, lying, bastard who controls the courts, armies, police, governments, corporations and our major communication (aka "news") channels promises to pay you X units of goods and services (where they even control the measure of those units itself ... think "inflation") some ten or twenty or thirty years from now, in exchange for you paying them X units of goods and services now ... you've been screwed.

The problem with debt money, and its cousin, socialism, is that the "little man" (you and me) loses coming and going.

When the stronger party in such a transaction (this now for that then) feels like it, they can just say "Sorry, no have." Sorry, your pension plan is broke. Sorry, your bank savings are confiscated. Sorry, your expected social benefits are worth less than promised. Sorry, your retirement savings were in stocks and bonds that just crashed. Sorry, that home you had that you thought had appreciated in value several times ... just depreciated back down (or, if you're a conspiracy minded Californian, just got burned down.) Sorry, that education you borrowed so much for is worth a job flipping hamburgers (until some robot takes that job too.)

When the weaker party in such a transaction has trouble making their payments, then the collateral is taken instead, or except in minor cases, some other pound of flesh is extracted. Nations are lost, lovely wives and daughters lost, land, tools and liberty are lost. The morality of the powerful lender to the weaker borrower: it would be immoral to let a defaulting borrower off without extracting some penalty that will fully compensate the lender, or at least put the fear of the "Gods" in the hearts of any other such borrowers who might also be inclined, or forced, to default.

Neither a borrower nor a lender be, at least not in such unfair arrangements.

Well, unless one goes totally off-grid, that's practically impossible in today's world.

So, at least be as prepared as one can practically be for all that more powerful parties, governments (social benefits), corporations (insurance pay-outs, pension benefits, ...), and major controlled (stock, bond, real estate, ...) markets might have "promised" in the future to come to naught, or much less anyway, and be as prepared as possible for hard times when one's future income stream can no longer afford one's present level of debt payments (which includes tax and rent payments, as those are usually in essence just the debt payments of more powerful parties that have been pushed down on to you.)

That's the problem with entering into such relations with more powerful entities. They get what they think is coming to them one way or another, while choosing when and if and to what extent and by what means to return what was promised us, all the while teaching the masses through their schools, news media and organized religions that this "is good" and that this is as it should be ... and if there's any dispute, their courts and judges arbitrate the matter. All this is legislated, regulated, prosecuted, and penalized in accordance with their governments, courts, police and armies.

For a few, more hardy than I, the answer may be "off grid." For many of us, I figure, the answer is "think small". Keep as much of one's life, hopefully a sufficient amount to sustain it, "small and local", with people, tools, shelter, skills and other relations and dependencies that one has on hand or that are between other ordinary people, on a reasonably fair and honest basis, over time. Always, so much as one can anyway, have a plan for when and if some "big" institution or some "big" person who controls such institutions, goes back on their word, returning less of real value and demanding more.

In short, the present value of money or the quantity of money in circulation, are not the issue. It is the future value of promises and expectations, between parties of dramatically unequal power and morality. Money, both what you think you have and what you think you owe, manifest in a wide variety of ways, is but the "hydraulic fluid" that conveys the pressures of these unfair demands and unmet expectations, over time and place.

The advice to "follow the money" is about as useful as trying to understand a construction project by following the hydraulic fluids in the cranes, bulldozers, backhoes, and forklifts. You can see what's moving about (well, actually, you can only estimate the weight and movement of such) that way, and where to and from, in the present moment. But you cannot directly see who or what powerful persons or entities said what to whom, behind the scenes, that led to that construction or that will determine its effects on ordinary humans, there and elsewhere, now and in the future.

Debt-money (money issued as a pair of balancing credits and debits: you get this now in return for that later) is the hydraulic fluid of our civilization.

Debt-money is in and of itself neither good nor bad. It's just a tool for transferring value across space, time and persons.

But like gun powder, debt-money is an amazingly useful tool in the hands of the more powerful, less moral.

Note that "debt-money" includes taxes paid to a socialist government - you or your family or your community are "promised" future benefits in return for present taxes.

"Debt-money" has also come to include college degrees. You give away some of the best years of your life and take on large amounts of debt, in return for a diploma and credentials that promise higher income, in "better" jobs, with more status and security, in the future.

Avoid, where possible, entering into relationships that depend on the future actions of more powerful, better armed, less honest entities than one's self.

Have backup plans in mind, when one has to, or decides to, enter into such relationships anyway, for when and if those relationships go sour. They will, at the most inopportune times.

In case anyone is interested in learning what Money is from the Fed of Chicago.

http://www.rayservers.com/images/ModernMoneyMechanics.pdf

Worth your time.

[onawah]

If Trump is pushing for 5G and RFID chipping, how could anyone NOT conclude that he is part of the NWO?


Hi Paul,

With all due respect, I would like to hear your take on Q post "The Brave New World" and Trump pushing on RFID and 5G.

Q !!mG7VJxZNCI ID: ebc49e No.3783812 📁
Nov 7 2018 13:12:06 (EST)

We are going to show you a new world.
Those who are blind will soon see the light.
A beautiful brave new world lies ahead.
We take this journey together.
One step at a time.
WWG1WGA!
Q

[ripple]

If Trump is pushing for 5G and RFID chipping, how could anyone NOT conclude that he is part of the NWO?



Where is this NWO , onawah ? Is it a company ? Whom are its registered members ? Has it a CEO , Chairperson or Spokesperson ? etc etc
Or does membership consist of people you want to arbitrarily assign to it, to flavour the discussion of the moment ?
Quite separately, 5G etc is an entirely different and unrelated matter which might be agenda for some of your elusive NWO members but might also comprise OK and ordinary people who do not see problems with 5G etc .Rightly or mistakenly .
Have you evidence that all 5G proponents are NWO members , or, alternatively, that all so called NWO members are 5G proponents ?
Of course not . It is nonsense to to think otherwise .Nobody knows .
Far better to argue the case for or against something on merit and without imagining that those who do not share your opinion are all members of a Conspiracy Club that you cannot define in any useful way .

[onawah]

Ripple, I read the post from you above to see if it would verify my feeling that you are a troll, but I had put you on my Ignore list and there you will remain, so I will not be debating you on this or any other thread.
If Trump is pushing for 5G and RFID chipping, how could anyone NOT conclude that he is part of the NWO?

[ripple]

Ripple, I read the post from you above to see if it would verify my feeling that you are a troll, but I had put you on my Ignore list and there you will remain, so I will not be debating you on this or any other thread.
[QUOTE=onawah;1268413]If Trump is pushing for 5G and RFID chipping, how could anyone NOT conclude that he is part of the NWO?

Apart from your bad manners it seems logic is not your forte .
Your definition of the term , Troll , is rather unique . Does it refer just to people who do not share your views and those that highlight the lack of logic in a claim you make ?

[onawah]

PS That goes for Private Messages as well.

[Spellbound]

Although it's Q1 2019....I feel this thread still has relevance. Looks like the auto industry is set to lay off tens of thousands of jobs over the next quarter. Interesting that very few people are picking up on the coming collapse.


http://www.youtube.com/watch?v=0s0LK1jdAtU

Dave - Toronto

[ThePythonicCow]

Although it's Q1 2019....I feel this thread still has relevance. Looks like the auto industry is set to lay off tens of thousands of jobs over the next quarter. Interesting that very few people are picking up on the coming collapse.
One of the few picking up on the coming collapse is the inestimable Brandon Smith. In his latest article, he expects

I still predict that there will be a “no deal” event, and that this is by design. The Brexit deal with the EU is slated to be decided in the next few weeks. A “no deal” outcome would be a perfect excuse for a major financial crisis in Europe, which is why I think it will happen. While sovereignty movements in the US will get the blame for the crash through Trump, sovereignty movements in the UK will get the blame for a crash in Europe through Brexit.

That is, nationalist, populist movements in both Europe (such as Brexit) and the US (with Trump) will get the blame, in the main stream view, for the collapse.

If too much nationalism is the cause of the problem that causes such great pain, then more globalism is the "obvious" solution.

And great pain it will be. We're in the last days of the greatest f'n financial, monetary, economic, debt bubble in recorded human history.

Here's Brandon's full article. As usual for him, it's a good read.

==============

[B]The Global Economic Reset Begins With An Engineered Crash (http://alt-market.com/articles/3686-the-global-economic-reset-begins-with-an-engineered-crash)

Wednesday, 13 March 2019 06:28 Brandon Smith

For a few years now, since at least 2014, the phrase “global economic reset” has been circulating in the financial world. This phrase is used primarily by globalist institutions like the International Monetary Fund (IMF) to describe an event in which the current system as we know it will either die out or evolve into a new system where “multilateralism” will become the norm. The reset is often described in an ambiguous way. IMF banking elites will usually mention the end results of the shift, but they say little about the process to get there.

What we do know is that the intent of the globalists is to use this reset to create a more centralized monetary system (https://www.youtube.com/watch?v=kgU5Nvi9k5g) and micro-managed global economy. At the core of this new structure would be the IMF along with perhaps the BIS and World Bank. It is a plan that has been supported openly by both western and eastern governments, including Russia and China.

As noted, the details are few and far between, but the IMF describes the use of open borders and human migrations during the reset as a means to transfer capital from various parts of the world. It is a novel if not utterly insane way to transfer wealth that only makes sense if you understand that the globalist goal is to deliberately conjure a geopolitical catastrophe.

The IMF also asserts that blockchain technology (https://www.imf.org/external/pubs/ft/fandd/2017/12/lund.htm) will make capital transfer easier and more efficient in this future environment, which explains the enthusiastic globalist support for developments in blockchain technology and cryptocurrencies despite the notion in cryptocurrency circles that blockchain would somehow make the bankers “obsolete”.

The IMF also acknowledges that in the meantime a slowdown in capital flows has occurred, and that this slowdown is ongoing since the crash of 2008. What they do not explicitly admit is that the crash of 2008 never ended, and that the decline we are witnessing today is merely an extension of the recession/depression that started ten years ago.

Certain facts have become obvious to anyone with any sense over the past year. First, as the Federal Reserve began tightening stimulus policies by raising interest rates and cutting assets from their balance sheet, the global economy began to return to steep declines not seen since the credit crisis. I predicted this outcome in my article 'Party While You Can – Central Bank Ready To Pop The Everything Bubble' (http://alt-market.com/articles/3346-party-while-you-can-central-bank-ready-to-pop-the-everything-bubble), published in January of 2018. The plunge has started in almost every sector of the economy, from housing, to autos to credit markets to retail. Now, even jobs, numbers which are highly manipulated to the upside, are beginning to falter.

The assertion in the mainstream media is that this recessionary downturn is new. This is not the case. What began in 2008 was an epic implosion of multiple national economies, and what we are seeing in 2019 is the final culmination of that process - The end game.

It is not a coincidence that the downturn started right after the Fed began tightening stimulus measures in 2017. With only a minor increase in interest rates and moderate cuts to their balance sheet, all the conditions the economy suffered in 2008 are suddenly returning. What this tells us is that the US economy and parts of the global economy cannot survive without constant and ever expanding central bank stimulus. The moment the stimulus goes away, the crash returns.

Does this mean that central banks will try to keep QE going forever? No, it does not. So far, the Fed has not capitulated at all from the path of tightening. In fact, the Fed nearly doubled its normal balance sheet cuts from January 30th to the end of February (https://fred.stlouisfed.org/series/WALCL), dumping over $65 billion in a 30 day period. The Fed also has not changed its dot plot projections for two more interest rate hikes this year. This means all the talk the past two months of the Fed going “dovish” was nonsense. Setting aside their rhetoric and looking at their actions, the Fed has been as hawkish as ever.

The only people who might find this to be news are most stock market daytraders, who ignore all other failing indicators and seem content to base their economic projections on equities alone. Set aside the fact that stocks plunged in December into near bear market territory. The bounce in January and February has convinced them that the Fed is stepping in and will not allow the economy to tank. But the "plunge protection team" is about to pull the rug out from under their feet after training them like Pavlovian dogs to salivate at the sound of the word "accommodation".

Their mindset is based on a host of incorrect assumptions.

To be clear, while the Fed paid lip service to “accommodation” in their public statements, it was not the central bank that stepped in monetarily to stall falling stocks. That was actually the Chinese central bank, pumping billions in stimulus into global markets (https://www.cnbc.com/2019/01/15/chinas-finance-ministry-says-to-step-up-fiscal-expenditure-this-year.html) at just the right moment.

Chinese stimulus coupled with pension fund buying at the start of this year saved stocks from losses beyond 20%, but markets have met resistance on the way up. Without renewed stimulus measures from the Fed, equities have topped out multiple times and refuse to move towards their previous highs. This suggests that the two month bounce is over, and that stocks will now fall back down to December lows and beyond. If the projections I made in January are correct (http://alt-market.com/articles/3627-the-crash-of-the-everything-bubble-started-in-2018-heres-what-comes-next-in-2019), then the Dow will fall into the 17,000 - 18,000 point range from the end of March through April.

The facade is slowly but surely melting away, not just in economics, but everywhere. I predicted both the success of the Brexit vote as well as Trump's win in 2016 based on the theory (http://alt-market.com/articles/2937-brexit-aftermath-heres-what-will-happen-next) that the globalists would allow or even help populists to gain a political foothold, only to crash the economic system on their heads and then blame them for the disaster. So far my theory is proving correct.

Trump's trade war continues unabated despite claims by many that it would be over quickly. Currently, there are no plans for a March summit between Trump and Xi, and the possibility of a summit anytime soon has come into question as Trump's negotiations with North Korea fell to shambles last month. The negotiations are a farce and are not meant to succeed. I continue to hold to my position that the trade war is a planned distraction and that Trump is playing a role in a globalist scripted drama.

The facade of Donald Trump as a “populist candidate” is quickly ending. His cabinet is loaded with think-tank ghouls and banking elites, so this should come as little surprise. But there are still some analysts out there that naively believe that Trump is playing “4D chess” and that he is not the pied piper he now appears to be. What I see is a president that claimed during his campaign that he would “drain the swamp” of elites, then stacked his cabinet with some of the worst elites in Washington D.C. What I see is a president who argued against Fed stimulus measures and the fake stock market during his campaign, and who now has attached himself to the stock market so completely that any crash will now be blamed on him no matter the facts. What I see is a willing scapegoat; a president that is going to fail on purpose.

In terms of the Brexit, I still predict that there will be a “no deal” event, and that this is by design. The Brexit deal with the EU is slated to be decided in the next few weeks. A “no deal” outcome would be a perfect excuse for a major financial crisis in Europe, which is why I think it will happen. While sovereignty movements in the US will get the blame for the crash through Trump, sovereignty movements in the UK will get the blame for a crash in Europe through Brexit.

It is important to remind the public that this narrative is entirely false. The economy has been in a state of animated death since 2008. Central bank stimulus acted as a kind of fiscal formaldehyde, keeping the visible signs of the crash at bay for 10 years but also creating a bubble even larger and more destructive than the one before. The “Everything Bubble” has now been primed to explode with maximum damage in mind.

The Fed started the tightening process for a reason; the establishment is ready to start the “global economic reset”, and they have their populist scapegoats in place. The crash in fundamentals returned in mid-2018, and I believe that crash will finally be acknowledged publicly by the media in mid-2019.

The point of it all is described in the very IMF interviews and documents I linked to above – Total centralization of the global economic framework, managed by the IMF. They describe it as “multilateralism” or a “multipolar world order”; this is meant to fool us into believing that the reset is about “decentralization”. It isn't. They intend to move us from one unipolar economic structure to another unipolar economic structure that is even more centralized. That is all.

The crash itself is simply a means to an end. It is a tool to gain fiscal and psychological leverage against the public. The everything bubble was created for a reason. The Fed has tightened into economic weakness over the past year for a reason. The timing of Trump's trade war and summit failures have happened for a reason. The timing of the Brexit chaos is happening now for a reason. The globalists are pulling the plug on economic life support today; the crash is engineered, and sovereignty movements are supposed to take the blame.

The best option at this time is to continuously force the issue of central bank culpability. Liberty activists have to keep the focus on them and their criminal participation in economic sabotage, and we cannot assume that any government or political leader will be friendly to our cause. The globalists have started the crisis, and we must finish it by making sure they are held accountable.

==============

[greybeard]

If he means by no deal Paul that UK will stay in the EU Common Market I agree.
The way its going I believe there will be another referendum and that the voters who have had enough of the whole Brexit drama will vote to stay "The Devil we know is better than the Devil we dont"
Im optimistic--its manipulated but the The Powers that be dont always get their own way.
Cant prove that statement--but law of average--intuition etc.

Chris

[A Voice from the Mountains]

Staying in the EU is going to be a moot point if the EU continues to destroy itself from within. There are two irreconcilable political philosophies being advanced in the EU which are very similar to the longstanding states' rights/federal rights issues in the United States, except European states have many more differences than the American states, which largely share the same culture and language.

Consider the following:

(1) Germany and France, driving the EU's globalist agenda, assert that Europe needs more unity, speak of Europe as if it's a single nation, call for a common European military under EU control, dictate budgetary decisions to other member states of the EU, etc.

(2) Italy elects a populist (ie representing the Italian people, as opposed to elitist dictators) government, and sends an official to France to encourage the Yellow Jackets against Macron, essentially supporting Macron's removal from power.

(3) Suddenly France asserts its national sovereignty, and is offended that Italy interferes in its domestic politics. Oh, the irony!!!


This is just one of many examples demonstrating that France and Germany (and other globalist regimes in Europe) only want power over other European states, just as they always have throughout history. This is nothing to do with democracy or improved economies or anything of that nature. It is just the latest chapter in a long history of European states trying to exert domination over one another. This is why American states also seek to limit federal power, so that each state can make its own decisions for its own people, and even allow individual cities and counties to have a larger say in their own affairs as well.

The direction of democracy should be moving towards smaller units of government, not global-sized ones. Common people don't benefit from massive political bodies. They are overwhelmed and swallowed up by them.

[Basery]

It was interesting thread. I remembered an interesting site (https://skycoach.gg/) that has helped many gamers to improve their results in online games

[bojancan]

Yes, it's interested tread this one! Thank you Basery... to BUMP that tread! :clapping:

[bojancan]

If Trump is pushing for 5G and RFID chipping, how could anyone NOT conclude that he is part of the NWO?


Hi Paul,

With all due respect, I would like to hear your take on Q post "The Brave New World" and Trump pushing on RFID and 5G.

Q !!mG7VJxZNCI ID: ebc49e No.3783812 📁
Nov 7 2018 13:12:06 (EST)

We are going to show you a new world.
Those who are blind will soon see the light.
A beautiful brave new world lies ahead.
We take this journey together.
One step at a time.
WWG1WGA!
Q

Interesting also, how Trump was pushing and advertising his daughter around WFM and G20... if, he was so opposed of Global hierarchy... he also wanted for Ivanka to take over IMF... crazy!!!

Ivanka Trump seen chatting with Macron, Trudeau, Lagarde and May
tf20wypum5o

Watch CNBC's full interview with Ivanka Trump and IMF Director Kristalina Georgieva
K_fVUpaQWmw