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The blow-off orgy in the stock markets is supposedly America’s consolation prize for what many regard as the electoral bad acid trip of the Trump presidency. Sorry to tell you, it’s just another hallucination, something you’re going to have to come down from. Happy landings!
While the markets have roared parabolically up, in Technicolor, with sugar-on-top, that ole rascal, Reality, is working some hoodoo in the other rings of this psychedelic circus: namely the dollar and the bond market. The idiots on NPR’s Marketplace and the Cable TV financial shows haven’t noticed the dollar tanking the past several months or the interest rates creeping up in the bond markets. Well, isn’t that the point of living as if anything goes and nothing matters, the mantra of the age?
Alas , things are connected and consequences await. It would be rich if a flash crash ripped the Dow, S & P, and the Nasdaq to shreds twenty minutes after the Golden Golem of Greatness finished schooling the weenies of Davos on the bigly wonderfulness of his year in office. In fact, it would be a crowning comic moment in human history. I can imagine Trump surrounded by the fawning Beta Boys of Banking as the news comes in. Poof! Suddenly, he is alone in the antechamber backstage, nothing left of his admirers but the lingering scent of aftershave. The world has changed. The dream is over. In the mirror he sees something that looks dimly like Herbert Hoover in a polka-dot clown suit, with funny orange wig….
A financial smash-up is really the only thing that will break the awful spell this country is in: the belief that everyday life can go on when nothing really adds up. It seems to me that the moment is close at hand. Treasury Secretary Mnuchin told the Davos crowd that the US has “a weak dollar” policy. Is that so? Just as his department is getting ready to borrow another $1.2 trillion to cover government operations in the year to come. I’m sure the world wants nothing more than to buy bucket-loads of sovereign bonds backed by a falling currency — at the same time that the Treasury’s partner-in-crime, the Federal Reserve, is getting ready to dump an additional $600 billion bonds on the market out of its over-stuffed balance sheet. I’d sooner try to sell snow-cones in a polar bomb-cyclone.
When folks don’t want to buy bonds, the interest rates naturally have to go higher. The problem with that is your country’s treasury has to pay the bond-holders more money, but the only thing that has allowed the Treasury to keep borrowing lo these recent decades is the long-term drop of interest rates to the near-zero range. And the Fed’s timid 25-basis-point hikes in the overnight Fed Fund rate have not moved the needle quite far enough so far. But with benchmark ten-year bond rate nosing upward like a mole under the garden toward the 3.00 percent mark, something is going to give.
How long do you think the equity indexes will levitate once the bond market implodes? What vaporizes with it is a lot of the collateral backing up the unprecedented margin (extra borrowed money) that this rickety tower of financial Babel is tottering on. A black hole is opening up in some sub-basement of a tower on Wall Street, and it will suck the remaining value from this asset-stripped nation into the vacuum of history like so much silage.
Thus will begin the harsh era of America screwing its head back on and commencing the salvage operation. We’ll stop ricocheting from hashtag to hashtag and entertain a few coherent thoughts, such as, “…Gee, it turns out you really can’t get something for nothing….” That’s an important thought to have when you turn around and suddenly discover you’ve got nothing left.
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I asked our resident Business School director if the bond market was going to implode when benchmark interest rates go up and he
said that the bond market would adjust to the incremental rate rise over time. Unfortunately, I, for one, am too skeptical to believe an Economist given their obvious bias over the last half century.
Suffice to say that the low interest rate environment is a Control Fraud that parallels the bond market, and Real Estate market, plus the Dark Pool Derivatives market. When the bond market begins to show signs of imploding the Federal Reserve Chair-crony from the Giant Vampire Squid cartel will reintroduce QE Infinity, and lower the benchmark interest rates so that USD flight to Emerging Markets will be repatriated to force the USD Petrodollar up on the market. The precarious balancing act will continue on like this until China & the Russian Federation decide that America should be put into receivership so that they can sell it for pennies on the dollar.
RW
The precarious balancing act will continue on like this until China & the Russian Federation decide that America should be put into receivership so that they can sell it for pennies on the dollar.
Bingo! Which is why US political and/or military belligerence is so doubly destructive. But from the bigger picture perspective, it’s all good, as US foolishness is hastening its inevitable demise, which all reasonable observers now realize is necessary, even as it will also be tremendously painful for all involved. And of course China and Russia are already well on their way towards divorcing themselves from the US petrodollar.
Allow me relate a little experience I had with econ 101 professor back in the early 80’s.
I was in econ 101 (macro economics) and taking second year calculus in the same semester. In calc we were studying what happens to equations when the input values go to infinity or just get really, really big. Being the curious engineering nerd I am, I applied calc theories to the growth equations in econ and quickly determined that to meet “normal” growth rates of 5 to 7% (remember this was 1981) we would be mining more tons coal and pumping more tons of oil than the earth weighs within about 100 years. The econ professor threw me out of his office when I brought this up with him.
That day I learned that economics has little foundation in reality and any time a business school muckity-muck or economist says something like “it will adjust” they really have no idea what’s going to happen. My experience in the 38 years since then tells me to hold onto my ass because it’s not going to be pretty.
Excellent! U of Colorado professor Albert Bartlett made his reputation on exposing exactly those facts. An irascible curmudgeon in the finest tradition to the very end!
“5 million views for an old codger giving a lecture about arithmetic?? What’s going on?
The Most IMPORTANT Video You’ll Ever See (part 1 of 8)
https://youtu.be/F-QA2rkpBSY
Good catch old Scratch!
I’ve long been a Bartlett fan. He cuts right to the quick with surgeon-like accuracy and efficiency.
What a blast from the past. Fortunately we don’t have to worry about our kids being exposed to this kind of heresy in these enlightened times. I mean look at him, can you imagine an old cis-gendered white male like that getting a job at a modern progressive university? And he dared suggest that there’s any downside to immigration, he’s obviously a xenophobe! Probably a racist, misogynistic, homo/trans phobe too. I couldn’t even finish listening to him, I had to retreat to my safe space, so I really don’t know what he was blathering on about.
Take a penny with a time doubling factor of 1 day, and within a month one is a millionaire.
Now divide the penny doubled progression by approximately 5, and thinking in terms of 3 generations, (i) old farts like us who are approaching 70 and trying to run our nest egg from $10K to over $1M in our lifetime, (ii) our children (40+ years old) trying to run their $10+ in savings to $300+ in the next 12 years, and (iii) their children (18 years old) working on trying to run their token to $0.32 in 12 years.
If the value of money is fixed, do you think there is any way our grandchildren will ever amass the wealth of our generation?
Doesn’t this drive home the point that the economic structure is nothing more than a game?
From an Engineering perspective I fully agree that Economists don’t run the numbers on their long term growth predictions. They are short term thinkers that are literally taught to kick the can down the road when their Alpha predictions prove to be Beta instead. What is most disturbing is that we have an entire world filled with Economists that refuse to admit that Central Banking Models are actually Control Frauds. In brief, in this environment we get the Bernie Madoff fraudsters making grandiose claims that their book outperforms the S&P. And we know the S&P is merely yet another Control Fraud.
Bottom line is that mainstream Economists have a massive credibility problem that is continually being exacerbated quarter by quarter. The trend is our friend in that this Bitch is going to have puppies somewhere down the road where that can gets kicked by the Economists ad infinitum.
RW
Lots of short term reward money in it for those who ignore the long term. To paraphrase the Shrub’s ham-handed reiteration of Keynes: “In the long run we’ll all be dead. But in the short term at least, me and mine will all be rich.”
Gold bullion used to be the long game hedge against the stock market. Now, the Central Bankers purposely rig the bullion markets, silver markets, interest rate markets, commodity markets, fuel markets, and housing markets, so that they can keep the short game going off of Kenesian QE, and Corporate Tax Breaks for the one per cent totalitarian dictators like Soros, Koch Bros, Buffett, Walton, Gates, et al.
It’s a mug’s game like my old man used to say!
RW
Total electronic network integration giveth, but mostly it just takes away.
And Marxism is no better, being “State Capitalism” as many have said. And the two systems are just the left and right hands of the same system, as shown in how well they unite against Third Way systems, always endeavoring to destroy them or nip them in the bud.
Marxism is intellectually honest, and so-called ‘free market capitalism’ is anything but intellectually honest. Bottom line is that Professor Emeritus Karl Marx was a Conflict Theorist that provided the world with appropriate synthesis to take on Crony Capitalism, and the rigged cartel of Oligarchs that have turned it into a Centrally controlled Ponzi scheme control fraud.
RW
Janos,
Does it ever occur to you that . . .
you are becoming more and more
irrelevant with each passing comment
on each passing blog post?
You don’t?
Hmmmm . . . you are not as smart as you think you are.
Marxism has caused ecological disaster every place it has triumphed – just like Capitalism.
Think Blob, don’t just pontificate. And try answering questions for a change.
Exponential growth is realistic when mixed with random setbacks
to lower levels from which the growth can restart. This leads to a stochastic process (with uncertain future) instead of the simple exponential growth (in which the future is known with certainty).
The occurrence of these random shocks is called “volatility”.
E.g.: accidents, fires, floods, earthquakes, recessions, depressions, world wars, pandemics, super volcanoes, solar flares (bigly variety),
solar system enters region of increased cosmic dust, Oort cloud objects decide to pay a visit to the inner solar system, lonely planet shows up, messes up solar system mechanics, gamma ray burst, …
The possibilities are endless.
“The precarious balancing act will continue on like this until China & the Russian Federation decide that America should be put into receivership so that they can sell it for pennies on the dollar.”
US debts are in US dollars. Nobody can put the US in “receivership”.
The liabilities that threaten US stability are the promises and implied promises the government has made to its own citizens that cannot be fulfilled in real terms (not inflated). When things break down, and they are going to, the worldwide contraction in trade will hurt everybody.
Once speculation and debt-fueled “growth” are subtracted from US GDP there will not be enough money sloshing around to satisfy everyone to the level of their “entitlements”. Pensions (both Gov’t and private), medical care, and the daily needs of life will have to be apportioned out of real production. Since people have been promised more than a non-speculative economy can deliver, that means a powerful central authority will have to do the job of apportioning as long as population levels stay approximately static.
The US will have its hands too full to worry about being the enforcer of “peace”.
IMO that will eventually lead to war(s). If it does, the hope of mankind is that we avoid an all-out nuclear exchange between the major powers. I am hopeful that nuclear exchanges can be limited to smaller players (India-Pak or Muslim-Jew, e.g.). Bio weapons against agriculture and populations are probable (and preferable, IMO, to nukes).
When the population is reduced enough, people will stop fighting. Life will go on.
https://www.marketwatch.com/story/head-of-worlds-largest-hedge-fund-says-if-youre-holding-cash-youre-going-to-feel-pretty-stupid-2018-01-23 I don’t want to feel stupid HK!!!
So the Wall Street Scumbags and their Pimps swear that if you give them all of your cash you will only get to be a “wealthy” as they are, eh? Didn’t Bernie Madoff guarantee pretty much the same thing?
Great advice, FOMO is always the best motivation for investing. Hope too many of his readers didn’t put everything in Bitcoin at 18,000.
Yes, a financial smash-up would wonderfully concentrate the minds of all those who think there is something for nothing and everyone else for that matter. A very long and deep debt default would wring out all the corruption and rackets that have been fostered over the last several generations and rid us of feminist, racist and homosexual content. We would be too busy worrying about dinner that night. Values with integrity might re-emerge and the foundations of a society with meaning and purpose might revive.
On the other hand, the suffering would be immense and I’m not sure the character of modern man is sufficient to respond with hard work and compassion to offer much care or consolation.
A very long and deep debt default would wring out all the corruption and rackets that have been fostered over the last several generations and rid us of feminist, racist and homosexual content.
I would contend just the opposite. The big boys win on the way up and the win even “bigglier” on the way down. Think of it as expansion on the way up and consolidation on the way down. Fools rush in in market expansions and get consumed in market contractions. This is a well proven cyclical fact. The ID politics is all just a distraction.
“…I’m not sure the character of modern man is sufficient to respond with hard work and compassion…”
No amount of hard work will suffice to grow crops IN a city to feed a city.
We are not the nation we were in 1929. The small farms and businesses are gone. Our urban population (more than tripled since ’29) is completely dependent on 18 wheelers pulling up to the back of a store and the people being allowed to go in and get goods in exchange for a registry on a plastic card.
The laws are on the books for the government to “take care” of us in an Emergency. That will be the next step.
Perhaps the government can keep a lid on things while we slowly disperse to a sustainable way of life, but I doubt it.
I believe you have divined the future, Epicur! Perhaps your real name is Petronius? But anyhow, the whole rigged shooting – match will fall like a set of tire chains thrown out the rear stairs of a 727. Then we all become wards of the state.
“Then we all become wards of the state.”
Things will get really interesting when “the state”, whoever that turns out to be, realizes that a vast unproductive mass of people is a burden, not an asset.
Right now the population serves the purpose of keeping cash flowing while those on top rake off their percentage of the stream. When (if) they achieve full control and dominance the large population will become a drag on the system.
Those will be interesting times.
Mnuchin said we have a stable dollar policy not a weak dollar policy.
Great post Jim, but you’re wasting your time, as I’m sure you know. The rallying cries of “it’s different this time” have already long begun, just as they always do in the runup to epic financial trainwrecks, a fact that’s pretty much baked into Bubble Capitalism (cue janet-bot and her coterie of MSM boot lickers). In the end, it will be exactly the same this time, at least in the broad strokes, and many of the same useful idiots that enabled this mess in the first place will preoccupy themselves with assigning blame in the long bloody aftermath, a vapid and useless enterprise if there ever was one.
Of course this one will no doubt be far bigger and more damaging than any that have gone before and that was no doubt by design as well. All the better to crash the dollar and the US as a national entity and enable the inevitable: a global all-electronic currency and virtual, if not in fact, one world currency/government, at least for all the “civilized” western countries in the beginning. Of course there are likely to be some intransigeants at the start (Iran, Russia, China?), but they’ll be dealt with in the appropriate manner in the long run as well.
But I digress. Capitalism has always been about the grift, so ever more grift it shall be. Forever and ever Amen, and all that.
The day that the US decides to deal with any of those three – Russia, China, Iran – in the “appropriate manner”, will be the day that Uncle gets a good punch in the face. We’re talking military, I assume. If the US attacks any of them, all three countries are well-able and determined to hurt the US on US property. If the US attempts a nuclear pre-emptive strike, the strike will be prevented, the US will be invaded and occupied, and US leadership will be arrested and tried for crimes against humanity. That will be an awesome time in world history. One can even hope the US tries to wipe out one of these three, to wrap up US empire.
Agreed for the most part. I’m not sure any conqueror will want to bother with invading though. Might choose to quarantine the madness for a while and let the US population consume itself until it becomes a bit more manageable first. But you’re right. Securing the nukes in the aftermath would be a top priority.
patrickd; You’re bonkers. If the U.S. attempts a pre-emptive nuclear strike, the result will be Armaggedon. China or Russia will invade us? How exactly will that happen? Are they going to sail thousands of ships across the Pacific and Atlantic Oceans and then launch hundreds of landing boats like we did on D-Day? Don’t you think we might notice all those ships before they were a couple of thousand miles away? Don’t forget that on D-Day the ships had to sail a few hours under cover of darkness from the English coast to the Normandy beaches.
…So the intermediate-term investment strategy would be to figure out what the Chinese (and maybe the Russians) want that they will be unable to take at gunpoint, and invest in that….
Of course, the long-term strategy, when the war bands have driven the Chinese and Russians out of their Fiefdoms, is to do the same for the local psychopath warlord. But if you’ve traded with the Russians and Chinese, you’re screwed.
Its an interesting problem. I’ll have to put it to my Invest-and-Hold Financial Advisor, and see what HE says!
Woke African president tells truth, shames devil:
http://thehill.com/policy/international/370435-ugandan-president-i-love-trump-because-he-tells-africans-frankly
Which would logically involve kicking the US military out of said shit-holes as the first order of business. Good luck with that!
Minor point, but it’s the US military that create shit-holes out of countries.
Totally agreed! I was just employing Trump’s rhetoric.
alleged rhetoric.
Which came first?
the shit or the hole?
Ahh! A philosopher in our midst!
Bravo Thwack. Blacks needs to know the truth about Blacks. The Big Devil isn’t always the White Man, but it is almost always that dark guy in the mirror.
For this post, you’re going to get a high position in the new Black Republic once we set it up. And yes, that means White Slaves for Whites not smart enough to get the hell out. Or Liberals we send you as punishment or educational experience.
This potemkin village of a country, supposedly the champion of human rights and the world’s leading economy, is just the opposite. It’s clear to me that the US is actually the champion of terrorism, which it uses to destroy any country that doesn’t follow US dictates, and it’s economy, as Jim points out, is a giant con game, operated by shysters who own the money printing press, based on the goal of putting most of that money in the elites’ personal cash vaults. The terrorism aspect of this great nation, Uncle Satan, is isolating the US from meaningful economic alliances in which the rest of the world participates, because the Uncle is not a cooperative polity, and nobody will play with him. Not only is he being isolated, but those who are doing business without him are not using his precious dollar to do so. The new alliances are using their own currencies, which is weakening the dollar.
The world (all countries minus Uncle Satan) does not want to confront the US militarily, because of the danger of nuclear Armageddon, and it doesn’t want the US to collapse suddenly, because that will likely cause the global economy to collapse as well. This is why Russia and China and Iran are so tolerant of the daily outrages of US provocations and threats. Their patience is allowing the US to show, on the international stage, the depth of its evil intent toward international law and order. Instead, the world is allowing The Great Satan to self-destruct in slow-mo, while giving it daily opportunities to self-correct, to play nice, to respect the sovereignty of nations.
It’s clear to everyone that Uncle Satan cannot become human. He does not have the capacity to share, to participate legally in the world, or to respect others. Trying to make sense of the US is an exercise in futility, because there’s no evident rationality driving his behavior. He’s a sick individual, who needs to be in hospital for treatment, or perhaps for the safety of others. This is isolation, and this is what the US is getting on the world stage. The Uncle’s illness and evil is now apparent for all to see (except for the Uncle’s citizens who are blinded by his propaganda machine). Today, when the uncle speaks of the international stage, the world knows he is projecting onto others. When he says Russia did such and such, it means the US did it, for example the election fixing business. Another example is Iran being #1 terror sponsor, or China and Russia being aggressive. These are all statements about the US, projected onto others.
Everything about the US is a lie. Thankfully it is self-destructing. When SS stops, and when the supply mechanisms stop working, US citizens will be faced with some tough conditions that challenge their ability to survive. It’s a shame that they don’t know that and are therefore not making any preparations for that day, which is coming soon. How soon? That’s an unknown, but I’m hoping to be on a homestead within 3 years myself, and hoping that’s not too late. My sense is that only a minority are preparing to be self-sufficient and part of a community that will barter and protect each other in the tough times that are coming.
Need to print this post out and make flyers! Excellent! On the other hand, I’m not sure self-sufficiency is even in reach for most anymore. By design.
Where there’s a will, there’s a way. – old cliche
That’s true. If it’s inevitable anyway, might as well just get on with it.
I think that’s been changed to;
“Where there’s a shill, there’s a way…”
Patrick has said it all so neatly and so concisely. There is only one nation in the history of mankind that has used nuclear weapons to quickly crush an enemy, and being in that position, Uncle Satan has the Catbird’s Seat indeed. The question is whether our bloated, greedy Uncle can keep the nation from imploding from within or not. There are many, many Americans that do not care what the government does to keep the party going or how many have to perish to accomplish this. The question remains as to what will happen to those of us who see the evil for what it is and while we can denounce it, we remain powerless to stop or change it. I suppose we can only watch and wait, eh? Do we get any points for that?
A minor detail is that Japan was ready to surrender before the two nukes were dropped. Russia had defeated Hitler by chewing up his army when it invaded Russia, and she was approaching Japan. The US decided to drop the bombs as a message to Russia, not to Japan. Japan didn’t even realize the extent of the damage from those two bombs until weeks after the actual surrender.
As for what we can do, that is the most frustrating thing for me. Uncle Satan has made most of my fellow citizens unable to think critically, and Uncle’s media corporations do not allow truth in its reports, so most citizens don’t know what’s going on. Out of desperation, I have joined Veterans for Peace, to at least do something rather than nothing at all, to have even a small voice speaking the truth against power. I’m also working my plan to save for a small piece of property to grow my own veggies and meat, and build/modify my home for energy self-sufficiency. I do believe the US as it exists needs to come to an end, and don’t really want to save it. The world does seem to be creating enough military prowess to stop US terrorism, or at least to whack-a-mole/terrorist as these Takfiri crazies graduate from US terror-training bases. For example, Russia is allowing Turkey to decimate the new batch of 30,000 US terrorist graduates who are “guarding the borders” of Syria, letting them fly freely within Russian air-defense zones.
It’s up to the world to stop the US now. The US sheeple are grazing, watching TV, and not even aware of the slaughter of the citizens of oil-rich countries who won’t let the US have its way with their oil. Millions dead, and US citizens are eating cheese doodles, blissfully unaware. Uncle is covering his tracks.
I have read reports that back up your statement about not needing to nuke the bastards, but it does not take a rocket scientist to understand that the bombs were a statement to the entire world more than they were to Japan. Before the radioactive dust had settled, the US began the takeover of the planet with it’s force of arms. It is why the Dulles Brothers were so single mindedly hell bent on attacking the “spread of Communism” as they moved to crush all opposition to World Hegemony, and for the most part, they succeeded. No one can take us down and we cannot continue forever on the present course so I am always forced to resort to my tired old line that collapse is inevitable. When has yet to be determined.
If there is anyone reading this that doubts your warning on bond futures Jim, I would like to assure them that not only will this be happening in a big way now, but it has been going on for the last two years as well. The interest rates bid for our municipal notes doubled last year after it doubled last year over the year before that. Now those with math-retardation syndrome may not realize that there is a HUGE difference between rates going from .75% to 1.5%, or from 1.5% to 2+%, but from 2+% to over 4% will be hard to not notice. Last year our Committee paid off $2M in interest bearing debt, but the doubling of the rate on the remaining debt increased such that the P&I payments grew so dramatically that we had to pay the same amount as we did before the payoff. So paying down $2M had no effect on our debt except that it kept our noses just above the water line. This year, If I get the $800K I am asking for to pay down more debt, we will still see a 10% budget increase for debt service alone.
What property tax payers probably do not know is that many if not most of the municipalities out there have been playing financial games with their budgets, surpluses and deferred school taxes in order to keep tax rates stable and keep the politicians re-elected. The increased rates along with other big ticket items like “Affordable” Housing are going to add huge amounts of obligations that will only be able to be dealt with by substantial tax increases. All the while the municipal employees, whose salaries and benefits comprise 24% of our budget have and still are getting 2% to 3% raises every year, and 20% to 25% increased costs for insurance and benefits annually. The snowball has started down the mountain and the bigger it gets, the more ground it sucks up with every passing revolution.
Amidst these comments, including my own, yours is grounded in reality and deserves the most attention. Thank you for moving off future fantasies and grounding the discussion in the hard facts of a bond market rout that will dwarf the one in equities.
I do not know what to say friend. How to thank you for your words of kindness that have repaid me tenfold for the efforts that I put forth for my community. Bless you. The truth shall set us free as they say, and sharing it is one of the little ways that I find that I can try to make a small difference in what is happening all around us. Again, thank you, I doubt that you can conceive of how grand your kindness has helped my spirit. Be well, God Bless.
Walter,
I certainly appreciate these anecdotes because there’s little to no speculation-mongering. That’s *very* helpful in determining which direction we’re headed in. Through personal experience, “forewarned is forearmed” is apt and applicable. (It’s saved my ass more than a few times.)
There are times to abandon hope when it’s clear that hope is of the ‘false’ variety, and getting on with the business of preparing for harder and leaner times. Those that cling to it? I really can’t help, and I think it’s good of you to at least try. For about half here, I think you’re preaching to the choir, for the other [distracted or distracting] half… too bad. Pearls before swine and all that. Who will provide food for addled philosophers in a time of deprivation and suspicion? This is why I deride their patently foolish musings and fantasies of coalescence around white-horse-riding saviors. (In other words, I’m not placing any bets in that direction; I’ll believe it when I see it. 😉 )
Anyhoo… thanks, and I suppose I should apologize for my rank cynicism, but there it is. All the best.
Hey James,
Meanwhile down here on the confluence of the Annacostia and the Potomac things seem quiet – a little too quiet. No caterwauller for the Prez’s head or scalp for that matter – no helicopters zipping around burning-up taxes.
It’s quite the bucolic spot in the middle of it all!
Whoddah thunk it?
Regards,
PFO
That FISA memo has DOJ and FBI hunkering down, hoping that MSM can make the story go away, because otherwise a bunch of these criminals could go to prison.
These are not normal times. The tradition rules of investing don’t apply. If the bond market blows up it will affect money markets and equities. In 2007-2009 people pulled their money out and put it in CDs. That may happen again and you will have a cascade fall in equities.
This time CDs might not be the safe way to go. If the dollar is losing value sticking it under your mattress won’t help either. A lot of people will lose a lot of wealth. Except for the ultra-wealthy who will be shielded and will buy the assets sold by the average investor at a fire sale.
That’s how extraction works.
That’s how extraction works.
Exactly!
I recall a specific block of stock I bought into 20 years ago that started off at $10K and then quickly went to $0. The $10K that I stashed under my mattress is still there. Seems like a no brainer to me. All and every paper “asset” that people hold are, before they are anything else, only paper and can easily be reduced to just that and very easily at that. In a world where “trust” cannot possibly exist anymore, I find it very difficult to understand how people can continue to trust assholes in suits who cheat people for profit. Oh that’s right, they will be cheating someone else, but not ME! I forgot.
And also, it’s different this time! TV said so!
Just think Walter B if you had put the same 10K into Bitcoin in 2010 and were able to dump it last month you’d be sitting on nearly $4,800,000,000.00. You would not want to fall off that mattress! ;o) But things are different this time!
There is no doubt that the Pump & Dump Ploys that exist can be profitable for those that run them and those that know how to play them. One of the things that the Thieves count on is that Regular Joes tend to buy and hold (at least hold too long) and that they cannot really put the amount of time and effort into monitoring their “investments” that is required to keep them from becoming losses. A man has got to know his limitations.
The big boys can also drive the markets with their huge buys and sells, often involving collusion with others of their ilk. To add insult to injury, they’re often able to front run the markets as well, using insider information.
And if Walter B -didn’t- dump that Bitcoin he’d still have 2.8 billion dollars worth today. If Bitcoin dropped 90 percent tomorrow he’d only have had 280 million dollars worth. Aw geez. Poor guy.
Somehow I don’t think Walter will be buying a Bitcoin any time soon. He should but he won’t. Old dogs and new tricks ya know.
By the way guys. Bitcoin isn’t dying. It’s going to 100k by the end of the year. Don’t be stupid. Your dollars will continue to inflate away.
I simply do not need the money Lil Deb. I am almost 64 (St. this Patrick’s Day) and have worked and planned long and hard to get to the point where I was able to drop out of the Race Of Rats two years ago. I now do what I want, when I want (which explains why I spend so much time here) and have no reason to fret or worry, though the anger and the sadness at what I see all around me is still a burden I must bear. It would be nice if I could do something constructive to help this situation, but the odds are that I will die tying. Oh well, beats cancer.
* This is not an endorsement to buy Bitcoin. This is not financial advice. Nothing else contained in the post should be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security, currency, property, or asset. Nor is it intended as investment, tax, financial or legal advice.
That’s a fine disclaimer, Li’l Debbie, but are you sure you’ve covered all the bases? Here, lemme help you with that: Void where prohibited. Batteries not included. Offer valid while supplies last. Contestants must answer skill-testing question. This product is sold as-is, and is provided without warranty, either express or implied, as to function, color, safety, fitness for purpose, or likelihood of detonation at unpredictable intervals. For a copy of our free brochure, please send three easy payments of $29.95 by certified cheque or money order to PO Box 935, Omaha, Nebraska. The Enrichment Center reminds you that the Weighted Companion Cube will never threaten to stab you and, in fact, cannot speak. Oh, that this too, too sullied flesh would melt, Thaw, and resolve itself into a dew, Or that the Everlasting had not fixed His canon ‘gainst self-slaughter! O God, God! How weary, stale, flat, and unprofitable Seem to me all the uses of this world! Fie on ’t, ah fie! ‘Tis an unweeded garden That grows to seed. Things rank and gross in nature Possess it merely. That it should come to this. But two months dead—nay, not so much, not two. So excellent a king, that was to this Hyperion to a satyr. So loving to my mother That he might not beteem the winds of heaven Visit her face too roughly.—Heaven and earth, Must I remember? Why, she would hang on him As if increase of appetite had grown By what it fed on, and yet, within a month— Let me not think on ’t. Frailty, thy name is woman!— A little month, or ere those shoes were old With which she followed my poor father’s body, Like Niobe, all tears. Why she, even she— O God, a beast that wants discourse of reason Would have mourned longer!—married with my uncle, My father’s brother, but no more like my father Than I to Hercules. Do not taunt Happy Fun Ball. Within a month, Ere yet the salt of most unrighteous tears Had left the flushing in her galled eyes, She married. O most wicked speed, to post With such dexterity to incestuous sheets! It is not nor it cannot come to good, But break, my heart, for I must hold my tongue. I’m not out of order! You’re out of order. The whole damn system’s out of order! The call is coming from inside the house! FORGET IT, JAKE — IT’S CHINATOWN!
FTFY. You’re welcome.
Good thing for me that I not only have more than enough cash than I ever could need, but that, more importantly, I realize that the worthless green shit has no true value anyway. There are so many more valuable things in this plane of existence than money and I mean that most sincerely. Once you have mastered this concept, the yoke of slavery falls from your shoulders in a heap.
You are truly a blessed man to have reached that conclusion.
The Lord God keeps Faith with those that keep Faith with Him.
Unfortunately, the FED’s stated goal is 2%/year inflation (read “we plan on devaluing the USD and thus steal from you AT LEAST 2% per year”).
So using that metric, you’ve lost about $5000 in purchasing power since 1998.
Using real-world inflation rates, you’ve probably lost more than that.
The bastids get you both ways.
“The only way to win is not to play the game!”
““The only way to win is not to play the game!””
Woody,,
Not exactly correct. I would suggest that the only way to win is not to play THEIR game….
Walter,
“ I find it very difficult to understand how people can continue to trust assholes in suits who cheat people for profit.
The damage is at the genetic level. We are programmed to defer to authority and the suit signals authority. Part of deference to authority is to lose one’s mind and let unreal things be real. We do not require authority be smart. All that matters is that we submit. It is a human instinct to submit.
Dot-Com times, I remember those. I had a similar situation with $75K but I cashed out at $15K and paid graduate school tuition with it. Sounds terrible but I had developed a system that had turned $12K into $75K in six months so I was still $3K ahead.
My lesson learned was not to spend hours and hours of time perusing unearned riches. What I became aware of and what killed my investment was that there are big boy manipulations which go on a little guy does not have a chance against. So forget greed. It is not worth your time little man. We have better things to do.
Yes, don’t blame ordinary people for being ordinary people. Obviously they shouldn’t be voting. Democracy is the biggest and oldest scam of all – found utterly wanting 2500 years ago in Greece. Walter’s one morality fits all approach just leads to the bitterness of wanting Americans punished for things that aren’t their fault.
Little boy you’re a man. Little man you’re a King. Thus said the Kingfish himself, Huey Long. And no one, not even of the “Left” ever proposed more stringent income limits than this great Man of the Right. Bernie Sanders is a Capitalist Devil by comparison. After all, Reality is Circular and if you go far enough Right, you will be Left. But in a Spiral, thus you will be at a higher level, that of National Socialism.
I do not require any much less all to embrace the morality that I have chosen, Herr Obst, I merely morn those for whom morality has no value. And I am not bitter at all but sad as I look out from where I sit and see so many so lost and not caring. Believe in something, believe in anything, but believing in nothing brings tears to my eyes every time.
Only truly radical change could have saved us. But the opposition was too great and the people too dumbed down and craven. And when they did listen – as they did to Father Coughlin – both the Feds and his own Church united to silence him. FDR’s Post Office wouldn’t move his materials, at least not at the usual rate. And the Church, wanting good relations with the Judeo-Masons, silenced a Crusader who was simply giving out classic Church teachings on economics. They chose the World over Christ. And the utter betrayal of Vatican Two is no surprise to those who were paying attention.
Obedience is the first duty of the Priesthood. And Father Coughlin remained silent thereafter – a tragedy for America.
Even though I frequently harp on central bank printed-money infusions as the primary mover of the current world financial system, I am still amazed at just how very frothy this stock-market bubble has become. I also dread at the amount of pain that will be dished out all around when it finally pops.
I know you’re averse to conspiracy theories, but I can’t help but wonder if Trump is being set up to be the fall-guy for the next major economic dislocation, while the people who really run things will use the crisis to snap up the remaining real wealth for themselves. I mean, just look at the numbers. The DIJA has gone up by almost 50% in a little bit more than a year, and this began pretty much the afternoon following the 2016 Election shit-show. Sometimes it’s really difficult to say, “It’s just a coincidence!”
While Trump might well be painted as a fall guy publicly, he’ll no doubt profit tremendously from said crash as well. His recent track record indicates he’s definitely in on the grift. It’s just surprising that any of us ever believed otherwise. For all the bullshit talk of “draining the swamp,” he might be one of the biggest swamp creatures out there.
I’ve been known to comment on Facebook that Trump not only didn’t drain the swamp, he dumped a ton of pig-poop into it so that it will smell extra nice and ripe on hot summer days! 😀
And I have been known to agree with you.
” I can’t help but wonder if Trump is being set up to be the fall-guy for the next major economic dislocation, while the people who really run things will use the crisis to snap up the remaining real wealth for themselves.”
Before the rise of Trump, back when it first became obvious the Democratic nomination was rigged for Clinton, I thought the same thing about her.
Any implication that that whoring baboon influenced anything is an insult.
I guess your site has been taken seriously by parties whose hold on power is predicated on keeping the public discourse divided by a reading of history as fragmented ‘incidents’, stripped, thereby, of the broader contextual understanding necessary for teaching the lessons of history. It’s called propaganda. I contend ‘taken seriously’ because of how the ‘comment’ follow-up to your posts are so taken over by diatribes posted by what could well be ‘bots’. Rather than a composed intellectual discussion the follow-up amounts, for the most part, to countering harangues. I believe you are entitled to edit out those posts that don’t contribute meaningfully to topical discussion.
Some examples would be appreciated.
Read patrickd’s revision of history where the US had no need to drop the bombs on Japan…pure, weapons-grade bullshit from someone who has/had no skin in the game. Virtue signaling at it’s finest.
These not so normal times started in the nineties with the famous Greenspan put, the permanent installation of a safety net for the big boys on Wall St…. that insulated Hampton’s crowd the eats Kobe burgers and charters private jets to meet friends in Silicon Valley for lunch
Has anyone looked at the price of tulip bulbs, er, ah, I mean bitcoin recently?
Looks like the exponential increase is turning into an exponential decline.
https://charts.bitcoin.com/chart/price
Bitcoin has some dreadful problems related to mining and the energy it consumes. It has no real use case other than a ‘store of value’
Ripple is far more promising. Watch for it.
Isn’t that a drink?
Ahh, a fan of Sanford & Son (the only place I’ve ever heard the term ‘ripple’ referring to either maddog20/20 or cheap wine)! Admit it; don’t blush.
As far as bitcoin goes, I predicted a while back it would tank, particularly hard, once the IPO (ICO?!?) went public. I presume the big bankster boys got in on the game a while back (1-2 years – just like ‘they’ claimed they had to get in on the internet bubble of the late 90’s), dumped their coins right around $15k, and are now naked shorting the F! outta bitcoin.
This definitely feels like a tulip craze to me. I mean, there are huge scalability problems, and that’s *IF* it is ever even used as a currency for transactions. And I’ve heard nightmare stories about people who have lost their coins, and are trying to get them back – apparently it’s not possible, unless you have the specific account key or some such…
A bit off topic – stock options as incentive: Back in the day, I earned some of these (both incentive and non-qualified). They took 7 years to vest, which meant you had to work 7 years before you could purchase them, otherwise they were lost. Now, I see these CEO-types are vesting typically in 7 quarters, and some even quicker (12 months). Oh well I guess (what was my point again?).
And of course, there’s that $500 mil coin hack this past week – that should make U feel all warm-n-fuzzy abt *security*…
I will encourage my wife to read today’s CFN posting. As you may recall, she began playing the stock market casino this past fall.
Then, this weekend, we can have a fine time discussing how all this works: bond interest rates, dollar valuation, and equity prices. At our age (she is 60; I’m older) that’s all the excitement we need.
But playing the slots builds the biceps! Go observe the ants, thou sluggard!
” keeping the public discourse divided by a reading of history as fragmented ‘incidents’, stripped, thereby, of the broader contextual understanding necessary for teaching the lessons of history.”
Cavepainter January 26, 2018 at 10:43 am
“These not so normal times started in the nineties with the famous Greenspan put”
bukowskisghost January 26, 2018 at 10:58 am
Alas Cavepainter you have hit the mark dead center!
What was wrong with that? It’s not entirely correct, but Greenspan Federal Reserve interest rate policies were definitely key contributors to our current mess. Greenspan himself has admitted as much.
As Keynes famously noted, “The markets can remain irrational longer than you can remain solvent”.
But he didn’t say forever. And the clock is ticking.
Nothing “really” adds up.
This understatement of the ages should be inscribed in a book of lore and hidden away, you know, like a Dead Sea Scroll.
Yep, nothing really adds up.
But, see, it ain’t like we’re talking one-sie, two-sie rounding errors on a spreadsheet, the kind of pain-in-the-ass, picayune, time-wasting shit that gets the boss huffy when he’s looking to beat up on somebody.
No, this is arithmetical mal-functioning on a grand societal scale, on the outer realms of mass delusion, one that tempts extinction-event asteroids out of their orbits.
Because nothing REMOTELY adds up, not even close, especially not the ponzi scams we laughingly call capital markets, not even mundane stuff like auto finance contracts that stretch on and on and on and on, never mind high-financy phony-baloney that only Wharton MBAs pretend to understand, that is actually IMPOSSIBLE to understand without the Orwellian ability to believe that mutually contradictory ideas are all simultaneously true.
So why is it again that so many people seemingly believe the unbelievable?
Let’s do an exercise: How many fingers am I holding up? Two fingers you say?
You are mistaken. I am holding up THREE fingers.
How is it so? Just ask anybody, they’ll tell you, I am holding up THREE fingers. It is so because I bloody well said so, because I have money, because I am the boss, because I have the power to ruin you, because if you insist otherwise you will face criminal charges of sedition and your life will be destroyed. So, that’s why I am holding up THREE fingers. Understand?
Now, let’s try again. How many fingers am I holding up?
It’s a simple trick. You will believe the unbelievable when your ability to pay the rent and enjoy a modicum of freedom require your nodding acquiescence and agreement.
Oh don’t worry, after a while you will ignore the poking and prodding of simple logic and reason. Three fingers it is. Everyone sez so. It must be so.
Good analogy. Magic only seems to be magic to the rubes. But woe to him who tries to see behind the curtain. That makes you a “wise guy” and most don’t graduate to becoming Wise Men.
Things have to “add up” only in a static equilibrium (a hellish place where nothing ever changes and which last forever).
In a dynamic process things do not have to add up, you push discrepancies into the future, or some place else in the present.
Yawn. People still predicting the fate of rigged and manipulated markets.
Somehow, people are convinced that the economy is some kind of thing in itself, and not the continuation of politics by other means.
If US have good, reasonable policies by the method of getting rid of a cancer tumor of Clintonialism and get a hold of rampant thievery of US resources in favor of offshores, I bet that Trump will balance the budget by the end of his first term and make a nice advance toward re-industrialization and modernisation of the US economy.
“Thus will begin the harsh era of America screwing its head back on and commencing the salvage operation.” –JHK
This is a very positive assessment, Jim, which appears to assume a “salvage operation” is possible, that the damage will not be irreparable.
At the moment Trump crashes the economy, certain non-state actors (possibly from one of Trump’s “shithole” countries), may decide to take advantage of US weakness with another massive attack, perhaps a suitcase nuke, weakening the US even more, inviting an actual invasion by state actors, with massive losses of life on US homeland.
Or, alternatively, the stock market could go to 30,000, QE could go to infinity, and a global electronic currency could be instituted. Trump is rubbing shoulders with the global elites at Davos today.
Up and about early today, aren’t you? Shift change?
Scratchy,
That would be forced overtime and a need to steer the “narrative” quickly and decisively. (The overlay of fear with nuke-puke was a nice touch I thought.)
The j-bot’s creative, I’ll give her that.
All the janet hate is irrational. She wrote nothing any more ridiculous than at least 50% of everyone else here. Scratch, Ozone, YOU could be bots as far as I’m concerned, along, with—of course—Vlad, Janos, Finc, Pucker, Suqeeky, etc. etc. You guys can’t wait to punch in on the clock every Monday & Friday mornings and get to work instilling paranoia, fear, hate, and misogyny. Where do you work from? Moscow? Beijing? Buenos Aires? Paid well?
How does it feel to be identified and have your covers blown?
Janet
Do the “elites” attend these things or do they just send some of their errand boys like Soros? Even after all of these years, I’m still trying to come up with a logical story to explain how global governance “really” works.
~toktomi~
The US is the only aggressive nation on the planet (it’s vassal states in NATO and EU contribute to the aggression). It won’t get attacked physically, on its own soil, unless its military threatens the survival of one of the 3 big powers it is currently threatening every single day: Russia, China, Iran.
The US forces could erase Iran in an afternoon and not miss happy hour as long as the Russians or Chinese did not decide to get involved. Is that possible involvement why you include Iran in your list?
The Great Tramp Revolution is on the march
While Trump once again proves in Davos that his main talent is acting in the highest sense of the word, a drama is unfolding in Washington, proving that he as a director is quite not bad. I will also write about how Trump acted in Davos, but what is happening in Washington is so amazing that I must describe this and my impressions of what is happening before I even can outline the general state of affairs.
To this end, contrary to what I wrote in the previous post, I suggest to take as the initial assertion that Russia is on the periphery of the struggle of the World Projects and is used by competitors against each other as a weapon, and the struggle against Russia itself has moved to the second or the third plan (by the way it is a pity that this is not so – Russia needs to rest, but no such luck)
For example, the law on new sanctions, which should be announced on January 29, was signed by Trump in early August of last year after his closest friend and associate Scalise, responsible for the “correct” vote of the Republican faction in the House of Representatives, was demonstratively shot on June 14 on Trump’s birthday. And three hours after this act of terror against US lawmakers, the US Senate, where Trump has many supporters, unanimously voted for this law, the highlight of which is the deprivation of the president of foreign-policy powers guaranteed to him by the Constitution.
And Trump did not want to sign this law, giving his enemies the opportunity to take responsibility and overturn his veto, but Republican leaders; or rather watchers for the Republican Party from Hillary Clinton, Mitch McConnell and Paul Ryan on August 3 came to him and threatened with immediate impeachment if he will not sign this law.
And yesterday the Clintonoids published an article according to which Trump wanted to dismiss the special prosecutor Mueller on June 16, that is, a day after the attempt on Scalise, but refused this idea, as he was indeed threatened with immediate impeachment.
And now this desire to fire Mueller, the Clintonoids have declared a criminal act, for which the US president is subject to impeachment, in response to the discovery of 50,000 emails of Mueller’s employees who were fired for deliberately biased treatment of Trump, expressed in discussing ways to overthrow him if he wins the election.
And when they found this correspondence, and in July 2017, the congress started an investigation of these plans and asked for the entire correspondence of the above-mentioned employees of Mueller Strzok and Page, and a few days ago the FBI stated that this correspondence had been lost.
But apparently the day before yesterday they were told that this loss looks very much like the destruction of evidence and obstruction of justice, and yesterday this correspondence was found.
And it showed such beauty as plans to kill the US president, so the Republican press (Fox5) openly demands the resignation of Mueller.
Here’s a thought:
DJT said that he wanted a weaker dollar. Weaker dollars typically help a nation’s exports.
Unfortunately the weaker dollar makes interest rates rise, thus driving up the cost of new capital to improve product lines/increase productivity and this time might be the proverbial came-back breaking straw for the US Treasury markets.
From what I’ve read that due to the new tax law, the .gov expects firms to repatriate around $15Trillion in funds currently parked overseas.
If they use that money to actually re-tool and improve productivity that just might be the best of both worlds.
The fly in the ointment is that if, instead, they pass out money to employees and buy back stocks that plan falls apart.
Great for the executives’ bonus stock plans’ bottom lines, though.
If they use that money to actually re-tool and improve productivity that just might be the best of both worlds.
They will have to do it or lose their frigging useless stash in higher inflation or law actions, say in anti-trust litigations.
Does anyone actually credibly believe that the US will actually invest in productivity ever again? Those sentiments vanished with the jobs when they went overseas and they are never coming back. Big Capital could care less where the productivity happens, as long as it’s as cheap and profitable as possible. The US is still a long way from the bottom in that regard, although we’re certainly headed in that direction.
There is no need for productivity investment now that the Mega Wealthy possess all of the wealth! Future generations of workers will have plenty of opportunities to find gainful employment landscaping the estates of the M-W, cleaning these royal habitations and their pools, keeping them in repair and expansion, and serving their Lords at parties and every day occasions. Since the Mega Wealthy tend to own multiple, massive residences, keeping the non-occupied places working until Master comes home is an important task.
Unless I am mistaken, there is no case in history where, once a society’s wealth has all flowed to the top, it ever filtered back again through benevolence.
benevolence my ass. Time to expropriate the expropriators. Using constitutional means, of course.
No financial system in the world could tolerate a thievery of such proportions.
It’s just the amount of money stolen by trans-nationals is sooo huge, that their desire to protect their “hard-earned” stash becomes incompatible with economy of ANY fiscally responsible Nation state, including American.
“The nation state – it’s what’s for dinner.”
Mega Wealthy?
Really? Have you found these Mega Wealthy in your area and dealt with their evilness?
Obfuscations, Mis-Statements, and Lies are what has put America in this position where no one can tell anyone why something costs what it cost…whether you are talking stocks or real estate or tomatoes. But, there is one truth I know, and that is that the Mega Wealthy are not my slave masters. I can end their tyranny over me quite easily…for instance, if I want to quit making the “waltons” more rich, I can go to the grocery store down the street…and, do I really need to use Windows, Apple seems to be pretty nice and alot of people seem to do ok with Linux…
No, the truly evil doers are not those guys. Sure, maybe they have done evil things to position themselves, but their is a much larger evil force in America. This force compels everyone to use their products and services ( and some services from the Mega Wealthy) with the threat of Force, theft of property, threats of kidnapping, and even death. This evil group even says they are servants, even though they are the Masters. This group can never get enough power and wealth and is always seeking more and more. They obviously never got the memo regarding slavery from back during the Civil War…and whats worse, they have a monopoly on slavery now. They feel it is not only their right, but their duty to take the fruits of others labors…dare I say, the very food on the table at their homes was earned by labor of others.
They even have popularity contests every so often to justify their “right” to serve.
You know these thieves, they are your public servants in Government, Federal, State, and Local governments.
By the way Walter, what is for dinner.
Unless, of course, you are saying the Mega Wealthy are the masters of the “public servants”…then we are all hosed.
I have dealt with some almost Mega Wealthy people directly in my day, yes, and I have a number of residents here in our rural West Jersey Township that deal with many still. A local nursery owner I know just sold $100K worth of Christmas Trees to one for the numerous homes that this MW customer of his happens to own. He has another that paid $8K for one tree alone and another that bought $40K worth of trees as well. All cut trees BTW, no balled trees for replanting. I call evil on those whose utilize their wealth to promote their own social engineering agendas, but I agree with you that the sellouts that are purchased to force the masses into slavery is where the greatest evil lies. Unfortunately for US(A), just about every damn organization, entity and authority has nothing but greedy, evil sellouts at the helm so I cannot see it ever getting better. So when you ask what’s for dinner, why the answer, of course is US(A)!
Unless, of course, you are saying the Mega Wealthy are the masters of the “public servants”…then we are all hosed.
That kind of goes without saying, doesn’t it Super Dave?
Does anyone actually credibly believe that the US will actually invest in productivity ever again? Those sentiments vanished with the jobs when they went overseas and they are never coming back. Big Capital
Nick O Demus,
If China is able to interdict shipping in the East China Sea and elsewhere, domestic production would then seem viable as a strategic alternative to imports.
Even so, would any of the US globalists actually invest in it, or would they simply move the rest of their remaining sales interests overseas as well? At that point US consumers would simply be out of luck all around: worthless currency, little to no income, and too few goods to buy at any price.
Nick,
US will remain one of the largest consumer markets, even into the distant future. There will remain much wealth to extract.
Changed his mind today. Whoever was the last to talk to him put the bug in his ear that a strong US dollar was better. And yes, we ARE at war with East Asia…
Numbnuts Trump needs to invest in a muzzle for that arch-shithead from Goldman – Munchkin.
And it showed such beauty as plans to kill the US president, so the Republican press (Fox5) openly demands the resignation of Mueller.
Don’t know where you’re going with all this speculation (surprise, surprise!), but I doubt very much that anyone seriously plotting to kill Trump would be stupid enough to actually say it in correspondence to anyone. Party on, Finc!
The Monkeys were so drunk on power and inevitability of Bastinda the Great and Terrible winning the election, they got sloppy.
Maybe, but that’s a stretch, to say the least.
Did you say scratch?
That might work. As you wish.
Don’t you think that all those corporations and individuals who donated funds to Clinton-cash machine should be held fiscally responsible for keeping the country for more than a year hostage to unsubstantiated RussiaGate witch-hunt?
They lost the war, so some indemnities and reparations are due.
And make’em pay for the Wall, too!
Bite your tongue right off and swallow it! Now you’re talking crazy talk!
Everyone that has messed with the Clintons has wound up dead. A pretty strong deterrent IMHO.
With China being the world’s largest oil importer, Saudi Arabia and other OPEC nations will be enticed to accept petroyuan backed by gold for their oil. Also, with China being the world’s largest economy, Europe will eventually trade in euros and yuan; thereby, bypassing the dollar. Russia, China and Iran already trade directly with one another in their own currencies. When this happens, the price of oil will explode in the USA to unforeseen levels ($100/gal?, $100/liter?). When the petrodollar dies and no country wants US sovereign bonds and all those fiat dollars come washing back ashore, we will see how real our markets are. Hyperinflation, anyone?
BTW, a conventional war with Russia, China and/or Iran would be a fool’s errand. Our military is already overtaxed and burned out from 16 years of fighting the faux war on terror in third world countries all over the globe. In addition, they have nukes too! MAD!!! (Mutually Assured Destruction)
I think you’ve got it!
Russia will need a counterbalance to China, as well as US.
It would be reasonable to assume that NONE of the players will make a fatal mistake by strengthening a single player at the expense of the others.
There is a good chance of improving Russian-American relations after the current mess is over.
You’re paying attention! Love it.
The Red Tide is on the rise, surfacing from the depths of American politics where it lied hidden for 73 years since the murder of President Roosevelt.
Hillary made a fatal mistake by wakening the Ghost of the Great Commander by kicking off her election campaign at His memorial.
Elaborate on “the murder of President Roosevelt,” if you would.
He was most likely poisoned, and Stalin’s ambassador Gromyko was denied to make an inspection of the body by Eleanor.
Stalin never forgave Eleanor for that and even denied her entry to Russia.
It happened shortly after Roosevelt received a letter from Stalin that Allen Dulles conducts a separatist peace talks with the Nazi behind President’s back.
I think I read or heard something about that too. Thanks.
Economic bubbles are what is keeping the ship from sinking.. From tulip bulbs, through the Louisiana Purchase to today’s student loan market, financiers will chase the latest golden goose fad and pour their “cash” into it. All the successful fads eventually turn into Ponzi schemes and when the expansion gets to a point where the card holders lose confidence in the profitability of the investment, bam, 2008. Then it was real estate. Now, student loan markets, fracking, climate change, the latest edition of hi-tech, stock market, are just a few examples. The old ten year business cycle was just a balloon expanding until it burst. The eventual fear of collapse is what keeps people hoping desperately that things will stabilize, but they run for the hills when the bottom drops out. There is no science here, it runs totally on greed and fear, Trump et al are just priming the pump, filling the balloon and delaying the inevitable drop. No one seems to know what to do with the $20 trillion in debt. So just ignore it? There are a few Chinese, Arabs, and US citizens that will probably want their money. Boom!
Meanwhile, in cultural landmark news…
ABC orders female-led Greatest American Hero reboot
http://ew.com/tv/2018/01/25/abc-greatest-american-hero/
“ABC has given a pilot order to a female-led reboot of The Greatest American Hero from Fresh Off the Boat EP Nahnatchka Khan.
“Inspired by the 1980s TV show of the same name, The Greatest American Hero centers around Meera, a 30-year-old woman who loves tequila and karaoke and has spent her life searching and failing to find meaning, much to the chagrin of her traditional Indian-American family. An inexplicable event occurs that will change the course of Meera’s life forever: She is entrusted with a super suit to protect the planet. Meera may have finally found purpose, but the world has never been in more unreliable hands.
“The original series, which starred William Katt as a school teacher imbued with superhuman abilities after a group of aliens bestowed him with a red and black super suit, ran from 1981-1983 on ABC.”
Believe it, or not.
I’m “walking on air” over this news!
https://www.numbersusa.com/blog/trump-framework-senate-amnesty-similar-blueprint-disastrous-2007-amnesty-plan
We are betrayed. Could this be why Trump suddenly has no qualms about meeting with Mueller? Pure speculation of course. Meanwhile the Democrats are outraged at his proposal despite the fact that the number of Dreamers has just DOUBLED to over a million. This betrayal of the American people is still not enough. Nothing can ever be enough for these jackals.
Help, please, is the wound deep? Pull the knife from my back and maybe I can heal.
The Financial Bubble is not the only bubble that will soon pop. I predict the Black Bastard Kids Bubble will pop, and America will not be able to continue to provide housing vouchers, food stamps, Crazy Checks, and Medicaid, etc. to them.
Then, the Cheap Mexican Labor Bubble will pop, when somebody figures out that some Latina Chick, with a couple of ninas and ninos, gets more money back thru Earned Income Credits, than she pays in to Social Security, ain’t going to fix the Social Security system for the Old Folks.
Then, the Let’s Destroy Our Own Shit Bubble will pop, and black and brown gang members will start raiding the heck out of the white neighborhoods. And, since Chicago, for example, ain’t exactly The Land of OZ, the little gangsta Munchkins aren’t going to ask, “Are you a good white person (Democrat) or a bad white person (any non-Democrat), before popping a few caps in their way, and jacking their cars and possessions, If you doubt this, simply recall the 2 Unitarian Pilgrims in New Orleans, whose denomination is all pro-Black Lives Matter, yet got conked over the head by some poor oppressed blacks.
Oh, there are more bubbles, but those are some fun ones!
Squeeky Fromm
Girl Reporter
Bubble, bubble, toil and trouble……
https://www.youtube.com/watch?v=sUI-9UASIig
We’ll fight them to the end.
Cute song! Oh, and another bubble, The Gender and Abortion Bubble!
In the West, Abortion has become a sacred right, and Gender Confusion is rained down upon the populace from the Ivory Towers, and Main Stream Media.Along with a complete disdain of Religion.
As a result of several decades of this, the demographics of the West have become scary, and are falling below the 2.2 brats/women standard to maintain the population level.
What to do??? Make abortion illegal, and quit conflating sodomy with the kind of sex that makes babies??? Quit whining and making fun about Religion??? Oh, Hell No! Instead, The Powers That Be have decided to import millions of religiously conservative immigrants, who in their benighted ignorance still just f*ck and make babies! Yes, that’s the ticket!
Bring in millions of people who never listened to the idiots at Harvard and who never read The New York Times to put things right. That, instead of simply putting the Idiots at Harvard and the New York Times in Gitmo as weapons of mass destruction.
Hilarious, in a morbid sort of way!
Squeeky Fromm
Girl Reporter
Will gold go to $5k or $10k an ounce? If so, when? Gold prices can be manipulated just like the dollar, and the forces at play are often unknown to the average Joe.
Most people know about futures transactions, but how many are aware that gold can be swapped or leased between private and central banks? With a lease, the private bank gets title to the gold from the central bank and can then conduct forward sales of unallocated gold. This means that banks can sell multiple contracts to multiple parties using the same gold. Central bank gets a fee.
James Rickards tells the story of a friend working at HSBC’s gold vault in Manhattan, a friend who raised suspicions about the authenticity of gold bars at the vault. It turns out that China received a shipment of “salted” (fake) gold bars from HSBC. The shipment was made good, but again it indicates the unknown forces at play even with trading “safe” gold or its derivatives.
As I said before, the fat cats create their own jungle and what they hunt is money. Enter and be devoured. Or get lucky.
The world’s their sundae, and Davos just another cherry on top.
You get to scoop the ice cream and then wash the tulip glass.
The gold story is about 2010, I believe.
It’s interesting the media is breathlessly hyping the “Trump contemplated firing Mueller last summer, proving he is the Russian Hitler” story today, while suppressing the real story of the day – that Trump has decided to make the DACA folks American citizens, because that doesn’t fit the “Trump = Russian Hitler” narrative.
“Trump also said Republican senators who have taken a tough approach to immigration, including Tom Cotton, John Cornyn and David Perdue, could agree to the plan to offer citizenship within 10 to 12 years to so-called “Dreamers.” “
He said he’d be willing to sign it if the congress passed it. That’s not the same as “making the dreamers citizens”. Not by a long shot.
The real tinder for the bonfire will be the Bond ETFs which hold $$ Billions in all types of bonds. When rates go up of course, prices go down and at some point people pick up the phone and dial the famous number 1-800- get-me-out ! Then people will learn the derivative (ETF) cannot be more liquid then the underlying. In other words, the sellers of bond ETFs will swamp the dealers in bonds with sells and they simply won’t pick up the phone. Prices will fall faster and faster and I predict, the bond market will lock up. Before that happens, people will report crazy things happening like I sold my bond ETF and got 50 cents on the dollar.
Similar things will happen with stock ETFs, the sellers will overwhelm the market makers and they simply won’t trade. The stock market will end up being closed for weeks is my prediction.
An official “intervention” of some sort will almost certainly be imposed in that case, but yeah, you’ve got the details about right. Needless to say, the aftermath of the intervention won’t be pretty. Fortunately (</sarc), we've got a national security state primed and ready to spring into action.
Excellent documentary on the history of the Federal Reserve for those with some time on their hands:
https://www.youtube.com/watch?v=5IJeemTQ7Vk
Do the police ever give out false information about murders in order to get the murderers to inadvertantly correct the record, and thereby reveal themselves?
The reason I ask is because a 59 year old white woman was murdered in Baltimore while walking her dogs at night in a “safe” area.
https://www.abc2news.com/longform/baltimore-detective-turns-to-fbi-public-for-help-finding-molly-macauley-s-murderer
Its going on two years now and the police have reveal very few details that would help profile the suspect; such as if nothing was stolen?
the quality of the edge work…?
Was there a struggle?
these are important questions which if answered, would help the public to narrow the search; because right now, due to limited information, its 1-900-blame-a-nigger.
But if her $800.00 iPhone was still in her hand when they found her?
That means it was most likely NOT one of us; and much more likely one of y’all?
especially given her line of work?
Just sayin.
Oh, and BTW, her two dogs she was walking didn’t have a scratch on them?
Theres a lesson here somewhere?
Hmmm,
Thwack, I think I understand your logic;
Cell phone in hand…couldn’t have been a black suspect;
Two dogs without a scratch…couldn’t have been those dog-munching Koreans;
Wasn’t gang raped…couldn’t have been a pack of illegal Mexican Immigrants;
Couldn’t have been radical Muslims…her head was still attached to her body;
Couldn’t have been a white man…they usually require a motive;
There is no other explanation…ERGO the woman wasn’t murdered!
FAKE NEWS!
Wait a minute, Jim.
you assert ‘you can’t get something for nothing”
Oh yeah. We’ve got a half million EBT cardholders in this little state that says your wrong.
In the local news its a daily litany of shootouts, armed robberies, stolen cars, smashed up cars, arson fires, rapes and so on. It wears you down. Just last night an armed robbery in Hamden, near Yale, which led to a wild gunfight. Also in Hartford, the capitol city, stolen cars going 90 miles an hour in a one way street crashes into 3 other cars, killing a young mother and injuring her child. Driver was a murder suspect already, and had heroin, marijuana and a stolen Glock in the care. The ghetto used to be confined in a few small areas ; now its overspread the whole state, One Big Welfare Colony Ghetto. Civilization is unraveling. Jim, we need a dose of that New Urbanism, old Urbanism is on life support.
brh
“The ghetto used to be confined in a few small areas ; now its overspread…”
BRH,
In the late 60’s, Oakland Cal. was the first major city that was totally invested in “Urban Diversity”…hence it’s…”blue collar” reputation. It was a harbinger of what Detroit, Flint, Camden, etc. ad nauseum have become….our Host might have had the temerity to visit Oakland during his San Francisco Period, but perhaps only in a very few enclaves, and only during daylight hours would it have been wise.
Jack London Square usually a safe venue…difficult to remember others….
In the late 60’s, Oakland Cal. was the first major city that was totally invested in “Urban Diversity”…hence it’s…”blue collar” reputation. It was a harbinger of what Detroit, Flint, Camden, have become – elys
=============
Your timing is off a bit. Camden was, and has been, a hellhole since long before the late ’60s. Virtually every day from 1958 thru ’62 I ran a gauntlet of ramshackle row homes thru a 100% black section of Camden on my way to the Ben Franklin Bridge and thence on to St Joe’s College (and back again at day’s end). Every day I prayed not to get a flat tire.
” I ran a gauntlet of ramshackle row homes thru a 100% black section of Camden ”
Q,
All major cities at that time had “sporty” areas to avoid…Oakland, however, had no safe neighborhoods…it was fully invested, save for a small area in the Oakland Hills.
in Hamden, near Yale, – BRH
============
I had an office on Whitney Ave in Hamden in 1970-71. Sounds like everything has gone to hell in a hand basket.
Q, I thing what happened is Fair Haven spread like a virus over the whole area. New Haven is also balls to the wall Sanctuary City territory. Just from that fact you can imagine what it is like. Winchester, Marlin, the great New Haven RR (New England’s Rail Road) — all gone!
John Davenport and his London congregation of wealthy pilgrims came over here to found a New Jerusalem in 1639, a haven for Calvinist Saints; I think they would be a little shocked to see what a dystopia it has become. And believe me Calvinists are no longer welcome, ‘specially white ones.
brh
brh
Dystopia….
Trump is a bit like an Emmanuel Goldstein character in the book “1984”?
Trump’s function is to be a object of race and sexist Hate of the Left, and an emotional magnet for the Right while the Oligarchy gets what it wants, i.e., squeezed illegal immigrant cheap labor, more military spending and war, tax cuts, more surveillance, less regulation, more exploitation of the environment, etc.?
You got it wrong; illegal immigrants are squeezing us.
brh
Sanctions and Korea
So the Trump’s Administration finally announced new sanctions against Russia for Crimea, and, as far as I understand, Trump’s signature was necessary for their implementation, which he evidently performed while in Davos. This can be seen by listening to this interview of one of the architects of these sanctions, a prominent member of the Deep State and a part-time member of the Congressional Commission on Foreign Affairs Gerald Connolly.
https://edition.cnn.com/2018/01/26/politics/us-russia-sanctions-ukraine/index.html
In response to the interviewer’s question: “Does not the introduction of these sanctions mean that Trump is not so bad?” Connolly honestly replied that these sanctions were not introduced thanks to Trump, but in spite of him.
I understand that Trump’s signature under these sanctions is quite a piece of work, and Connolly is one of those people who know how it really is, and now you can guess how much he wanted to spill the guts because he was told to by the Deep State, but in any case it confirms my hypothesis that after the representative of the Democrats, in response to a question from BBC about the plans for the assassination of President Trump, that were found in the notes of a former employee of Mueller Strzok, replied that this is just a New Year’s joke, the Civil War in US has moved to an open stage and the expression “Trump’s Administration ” must be understood as the imaginary part of the complex concept of “administration of President Trump”.
And Russia already understands this in this sense, since before these sanctions it more or less agreed to the US on the issue of “peaceful sanctions” imposed on North Korea, but after them openly said that it doesn’t give a shit.
https://www.usnews.com/news/world/articles/2018-01-26/russia-says-no-obligation-to-comply-with-us-sanction-on-north-korea
Trump is having a pretty good run out in Davos, not selling us out like the last 3 presidents. So what the MSM do? dust off an 8 month old story that says President Trump ‘almost’ fired Mueller last June. Nobody actually was fired mind you. What a bunch of lying, deceitful, mendacious POS they are, every one of them!
brh
President Trump ‘almost’ fired Mueller last June. Nobody actually was fired mind you. brh
Goes directly to intent to obstruct justice. Trump did give the order. Just because the underling refused to follow through, and threatened to resign, causing Trump to chicken out, does not change the fact that Trump intended to fire Mueller one month after firing Comey.
Trump is a grifter, a criminal… he knows his comeuppance is coming. Mueller is tightly documenting Trump’s crimes, which is why Trump is so scared and anxious to the point of having ordered Mueller fired.
By the way, setting up a hidden LLC in Delaware to clandestinely pay $130,000 to a porn star with undeclared campaign funds is also illegal. But he probably took it as as tax write-off … we will know when he releases his tax returns. Another in a long list of criminal acts by Trump.
Mueller has Trump’s tax returns. The list of Trump’s criminal activities will be long. Long enough to impeach him.
I’ve been hearing about impeachment or criminal charges for almost 1 1/2 years now. Seems like the worm is turning and the criminal charges might actually be brought against Huma, Hillary and Podesta.
That’ll be sweet.
brh
Janet,
I “almost” won the lottery once….
One downside of using elephants in battle is that elephants if frightened or hysterical have a proclivity to turn and trample one’s own troops. War elephants may be a bit like American women?
“They got married and then sometime during the course of the marriage the wife became hysterical, ran amok, and stomped the husband.”
Maybe that’s why they overeat – they want to be elephants. Or do they think they already are?
What about Land Whales? How well do they get along with the elephants?
And there you go…. https://m.youtube.com/watch?v=ZbrkKN6S1NU
Timothy McVeigh’s mother married his dad because he had a job, was stable, and she wanted a family. Then, sometime later during the 1970’s she changed her mind, and she decided that she wanted to work as a travel agent and to fuck other men. Timothy McVeigh went on to win the Bronze Star as a War hero during Operation Desert Storm and then later blow up the Federal Building in Oklahoma City.
Allegedly.
One fug at the Woman’s March had a sign that read, “My pussy is your worse nightmare.” Not hard to believe if you saw her. You would even believe it glowed. I’ll provide a picture later stay tuned. But here is a gem from Chateau Heartiste. JS
Student of the Game writes about his journey from LSMV male feminism to normal SMV masculine sexism,
I spent the better/worse part of a decade of my 20’s and 30’s entrenched in radical left politics before I got redpilled. In college I was a member of the campus National Organization for Women. That’s how bad it was. I was constantly around women. A small fraction of them were hot. I didn’t do it to get laid, or at least that’s what I thought consciously. I did it because I sincerely thought I was being a good person. I never got laid, at least not through those avenues. I touted my virtue-signalling bona fides, my ‘street cred’ on every date but didn’t have the calibration to realize virtue signalling turned pussy away like halitosis. It was only when I got into game that I began to realize everything was a lie. Women weren’t these holy angels who were superior to us evil men oppressing them. They were worse in a lot of ways. And treating them worse made them want to fuck me. For years I tried to hold on to both lefty ideals and game but the shit pouring out of women’s mouths was too far from the obvious truth about what attracted them and what made both of us happy in relationships.
The Chateau Maxim you should never leave home without:
DON’T LISTEN TO WHAT WOMEN SAY; WATCH WHAT THEY DO.
For reasons expounded on at length here, women have evolved a need to actively fool men about their true sexual natures, and woe to the man who takes women at their words. But the man who watches closely WHOM women fuck, HOW women autonomically react around different men, and WHY women choose some men over others, is the man blessed with women’s love. For he has broken the ho code, which is, “omg this guy really gets me!”. Commence splooging.
The reformed male feminist did not go gently into that White Knight….he’s seen things he would never have believed. Erect clits like spires off the tip of his tongue. He watched cunts gleam and flitter in the dark near the Bangmaster gate. All those moments will have opened his mind….like same night lays…..from behind.
Some of the most ruthless, cunning, and irresistible womanizers are those men who were former white knight-slash-male feminist dupes schooled in the self-abnegating art of parroting shrew boilerplate, before an epiphany — typically one summoned by accidental jerkboy success with a woman assumed to be an inviolable member of the oppressed — WOKE them in an instant to the true shape that desire takes in women.
There is no virtue signaling in the wench trenches. There is only jerkboy signaling.
***
Tipsy had a great line,
Virtue signalling is not virile signalling.
Virility signaling will save the West.
BRILLIANT !!!
-T
What did the Orangutan say to Charlton Heston? “Don’t go down that beach. You won’t like what you find”. But he did. After he left, the Chimp asked him what he would find. The Orangutan said, “His Destiny.”
I say the same to you and to all here. Scroll down if you dare. The wise may choose not to do so. It’s radioactive. A forbidden zone made sterile by decades of Culture War. Tainted Love.
https://westernrifleshooters.wordpress.com/2018/01/20/womensmarch/
I wish I hasn’t seen that.
How am I gonna get it out of my head?
brh
Only Kate can help you now. Listen to “My Brown Eyed Girl” was gazing at her picture.
while. Just don’t overdo it. You’re a married man.
BRH/Janos,
Woman’s March hand lettered sign shown on Bill Maher’s program yesterday;
“I’d call Trump a Cunt, but he lacks warmth and depth…”
Like scouring pads on my retinas! Blech.
Zesty and earthy, God, I can smell the wet aftermath. So much here, so I’ll just dip and not dive.
Back when, (’60’s-70’s), it was artists and musicians, not necessarily famous, who were splooging the ass, even without the grass.
Still is the case. Also, quite often, show women the wad and they’ll blow your other one. Still often the case. Decades apart, I’ve had gals tell me, “I can always get a hard body.” (ha, ha)
Strong, silent type. More sensitive type. Different strokes, different folks. Men are up against women who are different, and in different times.
The flex may catch a fox and a fuck, but then comes the body oil, mirror and lonely nights.
Men now have more competition from women, at least in this country, than ever before. Men can impregnate, but can’t gestate. The book titled, “100 Reasons Why Cucumbers Are Better Than Men” came out long ago. Men are besieged. The alpha male’s territory is now much smaller.
The Chateau seems a bit too hipster slick. “Game”? Okay, so is Playboy the purlieu, and the path primrose for the pussy prowlers? What about family and providing?
But it’s a good take, and helps man the bastions against the bitches and win the war against the wenches.
Want to keep up?
https://www.youtube.com/watch?v=29Ws6V_wrB0
Providers are just Cucks for women to pluck until Alphas and the Beta followers overthrow the Cathedral (Synagogue) and bring back Patriarchy.
He knows most men can’t be alphas and I forgive him his hipsterish shortcomings because he’s for Whites first and foremost. Western Civilization is White and the Chateau is an alliance of Game and White Nationalism – a most valuable coming together.
Isn’t Trump now considering auditing the Federal Government to try to find out where the missing $21 Trillion went?
“Animosities were further heightened when Hannibal then announced an audit of public revenues, which he would personally oversee. After conducting a thorough investigation, he supposedly discovered that large amounts of state funds were being lost due to embezzlement by officials. He then declared in the Popular Assembly that if the duties collected on property and port duties were correctly collected there would be enough to pay the indemnity owed to Rome without recourse to extra taxation. Although this must have further boosted Hannibal’s popularity among the people of Carthage, the animosity directed at him by the corrupt officials commensurately increased. 30”
Hannibal died in exile in disgrace done in by the Carthaginian Elite.
There was no one left to hold him in disgrace.
On the simplest level, even apart from its illusions, hypocrisy, and vicious politics, the Women’s March was vulgar and tasteless. Grown women dressed up as Vaginas? C’mon. Can you imagine thousands of men dressed up as Penises?
“In my study of communist societies, I came to the conclusion that the purpose of communist propaganda was not to persuade or convince, not to inform, but to humiliate; and therefore, the less it corresponded to reality the better. When people are forced to remain silent when they are being told the most obvious lies, or even worse when they are forced to repeat the lies themselves, they lose once and for all their sense of probity. To assent to obvious lies is…in some small way to become evil oneself. One’s standing to resist anything is thus eroded, and even destroyed. A society of emasculated liars is easy to control. I think if you examine political correctness, it has the same effect and is intended to.”
? Theodore Dalrymple
In our Communism (Political Correctness), the lie of Black Equality is asserted, since it is a grotesque lie and there offers the most humiliation.
therefore
Why? Because they are the lowest race of course, so asserting they are equal is the greatest untruth.
Perhaps you should focus your copious awareness on the pros and cons of capitalist societies, since that’s the sort you actually have experience living with, and stop focusing on those of which you have no personal experience?
Are you a Communist then?
https://www.yahoo.com/entertainment/m/5fbe5eaa-e8be-3857-9d2e-200eda891030/questlove-responds-to.html
Is Questlove a racist? Read the comments. Whites have no doubts any more. All Blacks are racist. The few who aren’t don’t matter. We matter. We’re racist. Our racism is good because it’s ours. Good to whom? To us. Try to keep up. In other words, Sinn Fein: For ourselves, ourselves alone.
Collapse….
“According to Polybius, as Scipio watched Carthage burn he wept, and then: After musing by himself a long time and reflecting upon the inevitable fall of cities, peoples and empires, as well as of individuals, upon the fate of Troy, that once proud city, upon the fate of the Assyrian, the Median, and afterwards of the great Persian empire, and most recently of all, of the splendid empire of Macedon, either voluntarily or otherwise the words of the poet [Homer] escaped from his lips: The day shall come in which our sacred Troy And Priam, and the people over whom Spear-bearing Priam rules, shall perish all. Being asked by Polybius in casual conversation (for Polybius had been his tutor) what he meant by using these words, Polybius says that he did not hesitate to frankly name his own country, for whose fate he feared when he considered the mutability of human affairs. And Polybius wrote this down just as he heard it. 93”
The process of Soviet privatization of the 1990s was a sophisticated attempt to build an Institution of Private Property with the help of unrestrained thievery, polished by a declaration of such property “sacred”.
Former Minister of Economics, and now the scientific director of the Higher School of Economics Evgeny Yasin:
I would like Russian citizens to think a little more. The easiest way to imagine this situation is that we are poor, because everything was stolen from us. Nothing was stolen from you – you had nothing to begin with.
Honestly speaking, I have always suspected the Harvard University to be the main architect of Soviet privatization, but in recent years it has become clear to me that the notorious “Russophobia”, in the first place, in fact is primarily “Sovietophobia “, and secondly, because of its cynical sophistication and deadly accuracy these reforms hit at the very moral backbone of the Russian Society, can not have as its source anything but Russia itself.
Harvard University, with all due respect to this very respectable intellectual center, this is simply beyond their potential.
And then somehow felt the unformulated nature of the concept of privatization, the absence of a clear and understandable formula that organized these epoch-making events.
Moreover, it is impossible to ignore the fact that this iron sequence combined not only the reforms of Gaidar and Chubais, but also the notorious law on the co-operatives of Gorbachev, not to mention his name by night, but also by the famous “breaking the backbone” of which Alexander Yakovlev let out at the forum of world politics “Twenty years, which changed the world,” in Turin, March 4-6, 2005.
I was constantly irritated by the “absent presence” of this formula, its subconsciousness, which could not give the performers the sense of their own rightness and impunity, which continues to shock the Russian citizens in Anatoly Chubais.
Only the presence of this truly universal indulgence known only to the “chosen” can explain their confidence in the irreversibility of the crimes committed, comparable only to the destruction of the autochthonous population of the United States or to the tragedy of European Jewry in the mid-20th century, as well as insolent demands on the state to “legitimize” the results of the most monstrous robbery and looting.
Oops! Jeffery Sachs was a major mover and shaker in the looting of Russia. A true Zionist Jew in the highest tradition.
http://www.realjewnews.com/?p=57
To me, these off-topic comments are a reflection of the devolution of America. As things fall to pieces (and their lowest common denominators) all will be subsumed in an avalanche of bullshittery.
Making a living out of mendacity and fakir-y will be no more, but still will be tried by a surprisingly large cohort. Because, what else do they know how to do? This is my only speculation for the week, and for now, mostly irrelevant (other than referring to the pronouncements of professional economists, the apex bullshitters).
Positive black swans always make happy landings. Thanks, ozone.
All topics are on the table, that’s what makes it Clusterfuck. As Bilbo says, a road is a very dangerous thing. It might take you anywhere. Just so a good topic: all roads radiate outward from such a Centre.
Sorry you have no shoes to walk these roads, no appetite for the Feast!
Your Neo Marxist Luddite Birkenstocks are just not up to the challenge….
One of the most interesting predictions of counter racism science is that white supremacy will refine itself so much that even white people will be confused by it.
The so called “Alt Right” is a perfect example of an attempt to refine racism spiraling into meaninglessness and paranoid nihilism:
https://www.youtube.com/watch?v=7_LVFmp4ptE
They’re stealing our brand, Thwack. Our message is clear: Whites good and Non-Whites bad. Whites in, everyone else, out. Whites matter, Non-Whites don’t matter.
No Janos, poor branding is the root of your problem.
“White?”
WTF is that?
some generic, no name, grab bag label, oppositional definition?
You might as well call yourself “negroes” because thats just as vague, obtuse, subject to change, vacilation and equivocation as “white.”
If this alt right nonsense keeps up, pretty soon my black ass is gonna be white too.
Janos is simply holding onto what little that he’s got. Which obviously isn’t much.
Nice Bitcoin tutorial at Corbett Report:
https://www.youtube.com/watch?v=FkhUn7nh33Q
I wonder if any of you, clusterfuckers, noticed a tremendous watershed moment of change in the media regarding the Jewish Question?
It quietly occurred in the final months of 2017 and keeps getting momentum in the year 2018.
It is now OK (Politically Correct) to attack Jews.
It is like some Deep Media Control Center (Mockingbird Department of CIA?) sent a signal – Fass! .
I think from now on it is even OK to deny Holocaust.
Janos, you getting back in fashion!
http://cluborlov.blogspot.com/2018/01/what-color-is-your-wrecking-ball.html
In view of one of the Apostle of the Church of Collapse is turning Judas on us, should we seek Salvation and follow Putin to the nearest ice hole?
https://www.youtube.com/watch?v=bBNgSEBcOH4
Remember one of the fallen Numenoreans was known as “the Mouthpiece of Sauron”. Just so, but without the negative connotation, RT is a semi-official channel, a virtual mouthpiece of Putin. If it says the Jews are enemies and need to be watched, then that’s what Putin thinks. Your attempt to ignore or bury this issue fools no one and solves nothing.
http://www.occidentaldissent.com/2018/01/16/russia-insider-its-time-to-drop-the-jew-taboo/
And what’s the parasite hiding under “Russian Insider” nickname? It’s not RT!
I warned you that the epicenter of the Black Project activity has shifted to Russia after the Great November 2016 defeat in US.
I am afraid we are witnessing an attempt to repeat the Kruschev scenario – after the Black Project in the persons of Truman and McCarthy was defeated in US and White President Eisenhower took over he found that there was NOBODY in Russia to negotiate with – Black Khrushchev committed pro-Nazi coup in 1953.
No,
the question is; why have Jews ever been exempt from criticism in the first place?
“We have seen the nigger, we’ve seen the greaseball, we have seen the chink, the slit-eyed dangerous Jap. We have seen the wily Filipino. We’ve seen everything, but we never saw the kike, because they know perfectly well that is where you draw the wagons around.”
the question is; why have Jews ever been exempt from criticism in the first place?
To serve as a scapegoats for a rainy day?
Guess what, it’s pouring!
Because of their alliance with American Christianity, and more importantly, their (the Zionists) infiltration of the top levels of government, banking, and industry. They’ve never been sufficiently scapegoated IMO.
I think you’re too sensitive. Criticizing Jews has long been completely out of bounds due to the anti-semitism canard (which still gets played liberally), but now more than a few people are starting to see through that BS and actually say it out loud, more than likely due to their outrage over all the other PC nonsense being peddled these days. I’m not aware of any holocaust deniers out there that are getting much traction, but there is a growing awareness that Jews aren’t the only ethnic group that’s ever been persecuted either. Especially since the Izzies and Net’n Yahoo are making no bones about trying to exterminate and/or appropriate the Palestinians. About time Americans pulled their heads out of their asses. The unholy alliance between American Christians and Zionist Jews needs to be exposed for all to see and shut down with extreme prejudice (pun intended)!
Spare me the bullshit, please. I was not born yesterday, you know.
Evidently you were. Either that, or you’re brain dead or on Afghani Black Tar (I think I’ve expounded on this at some length already). I suspect the latter.
The unholy alliance between American Christians and Zionist Jews needs to be exposed for all to see and shut down with extreme prejudice (pun intended)!
***********************
Hold on here; its actually American PROTESTANTS and Zionist Jews.
The Catholics have been top shelf Jew fighters since the foot of the cross. Matter of fact, Protestants were never anything more than Catholics who wanted to act like Jews.
Amirite?
I guess I could concede that small point. I’m not really into the whole unholy drama minutiae of this psychotic religious mess, as I’m pretty much equally opposed to both. To me Christianity and Judaism in all their myriad forms are equally destructive.
Not any more. The Vatican Two Popes all have Jewish advisors and even personal Rabbis. And they got into Global Banking which means they are allied with the Jews on that level as well.
All religions are pretty much unified in their love for money and power. Just another form of political power broker.
Life is just shit for Scratch. But Communist are different! Gold shit?
“We’ve seen everything, but we never saw the kike” —thwack
“They’ve never been sufficiently scapegoated IMO.” —‘ol scratch
You mean Jews were never forced to wear something in order to be seen? They were never scapegoated by being herded into camps and gassed to death?
JAMES HOWARD KUNSTLER, YOU ARE HOSTING HOLOCAUST DENIERS
Are you calling me a holocaust denier?
I never denied the hollowcost; Im just wondering what caused it?
were the Jews chosen at random?
Have any other people ever been hollowcosted?
What about the Tasmanians?
What about the Armeinians?
Socks go missing in my house all the time… what about them?
Relax. Lil j-bot’s going into hyperbolic mode at the command of her superiors. It’s been a slow day at the bot center thus far.
LOL! I love it Lil j-bot! Please add BOLD to your next ALL CAPS hysteria! I’d appreciate it.
So tell me true. Are you and Finca doing the dirty?
Clusterfuckers want to know.
The Russians hacked into Democratic Party emails and gave what they obtained to WikiLeaks so that it could be released publicly to maximize the political damage to Hillary Clinton.
The Russins used social media to spread fictional stories meant to do the same.
The Russians made repeated attempts to engage the Trump campaign in a cooperative effort to undermine Clinton and help then-candidate Donald Trump.
The Russians attempted to hack into state voting systems.
The Russians funneled $52 million through the NRA to aid the Trump campaign.
LOL!!!
“The Russians.” Am I detecting a theme here?
Might want to pass this onto your handlers/programmers Lil j-bot: If you’re trying to make a point here, you’re pretty much doing the opposite.
But do keep it up if you would. I’m enjoying this tremendously!
Re post by Janos:
On Weidmann (Roissy) and the Chateau:
Pro White fine, pro Game okay to a point.
What’s in the closet? Some say he leans toward pedophilia and may also like the lollipop. Is he Jewish? Okay, the message is often more important than the messenger. Right?
Anyway here’s a quote from one ColezRightFoot:
“Remember real men hate other men. We see them as competition to women/sex. That’s why you’ll never find a true alpha MRA because he’s too busy amogging other men and laying pipe.
That leaves the bitching down to the bottom barrel men who feel they must band together to have a chance. These men employ feminine techniques like constant bitching and complaining about life not being fair despite being NEETS or living off donations.
No surprise feminists and menimists are both ugly fuckers who the other gender left behind long ago.
Both sides are one big walking falio effect. Fuck them both!”
Quite often it’s gays and/or people of other sexual persuasions that write like this:
“Of course, if you really ARE a micropeened self-loathing bitch tittied simulacra of a man one brightly whistled show tune away from double rainbowed gaiety, you could go the Hugo Schwyzer route and proudly declare your feminist bona fides, t-shirt and all, while exploiting your teacher-student status differential to nail 19 year old hypergamous pussy. Not that there’s anything wrong with that.
But for most betas who don’t have a captive classroom audience of eager beavers jockeying for insider influence at an A in ‘Deconstructing Rape Culture 101’, holding sincere feminist beliefs and being unafraid (ha!) to broadcast those beliefs will not help you get laid. If anything, girls will be turned off by your cloying self-abnegation. Even feminist girls. ESPECIALLY feminist girls.”
Above, I said Game to a point. I’m beginning to think that there’s too much Game. The Game of Finance. The Game of Medicine. The Game of Education. The Game of Politics. And now the Game of Sex and Relationships. It reeks too much of defensive disingenuousness.
It shows that women have men filled with doubt and trying to cope.
Ultimately, Game might get men laid once or twice, but it won’t win them anything else. For that, Game doesn’t apply. The Fundamental
Things do.
Very nice! Thanks!
Thank you!
I agree as does Anglin. Judaized America is all about women and their concerns of romance. Men are supposed to be hyper-sexual all the time and are encouraged to be by 24/7 porn. Thus the collision with women winning because they are favored by the Courts. Men react to that and Women react to the reaction, etc. Third Wave Feminists encourage them to become like men – with utter tragedy ensuing as can be seen in the women’s march and every day. They are unhappy and eat. Men react to them becoming Land Whales, etc.
What is missing in all of this is Male Brotherhood. The imitation is the faggy men’s consciousness movement which I supposes intersects with the MRAs here and there. Obviously normal men don’t want to be brothers, comrades, and friends with tragic characters who have been formed by the New World Ordure – which intends to do away with “gender” altogether.
It’s is very difficult to imitate the quality Women are looking for. They have evolved to be able to see it after all. Most men can’t imitate it, though Heartiste and Anglin are able to inspire some to try and become it – not so much for women but for themselves. I don’t know about those negatives about Heartiste. I just like him in this general way. I’m more involved with White Nationalism per se. But as Anglin said, White Men taking backing their Dignity, the Manhood, their Women, and their Nations aren’t separate things.
Ladies! Welcome to the JC Manly Store. We have six levels, with many man who can make you happy!
Rule One, after paying your access fee you will be directed to the first floor – you can checkout [ or leave ] on any level, but you cannot return to a lower level [ please remember this rule as you consider your choices ].
Inside each level you will find a sign with a general description of what is available on that floor.
Level 1 – A immense selection of men with a job.
Level 2 – A large selection of men with a job, who are also handsome.
Level 3 – A average selection of men with a job, who are handsome as well as romantic.
Level 4 – A fair selection of men with a job, who are handsome, romantic, and want to get married.
Level 5 – A limited selection of men who have a job, are handsome, romantic, want to get married and adore children.
Level 6 – A selection of men who have a job, are handsome, romantic, want to get married and have children and will never make you cry. [ NOTICE – take a number as we are presently sold out. Your number is 17,467,310 ] We’ll call you.
Hahaha
You fucked up the delivery.
The original version of this joke has women proceeding the the 6th floor and finding it empty except for a sign telling women there are no men on this floor; and the purpose of the floor is to demonstrate that women can never be satisfied.
Think Eve in the Garden of Eden…
Perhaps, did I also fail to make that point.
Not really.
But its important to make sure the women who CHOOSE to continue on to the last floor, arrive to see it empty.
You can’t have any of that “leave a number and we will call you; we are just sold out at the moment…” crap.
Because women are actually stupid enough to hold on to such a fiction.
You gotta kill it, bury it, put one in the dome, and a few more in the tomb stone.
Come back later, dig it up, set it on fire and stomp all the bones with your 13s.
Just sayin
So rather than a word to the wise women, you would convert all the retards thru intimidation? Or is it the fiction you extinct thru attrition? Too late to the party are some, no regrets.
You hear the negatives here and there. The rumor mill does turn and turn.
“I’m more involved with White Nationalism per se. But as Anglin said, White Men taking backing their Dignity, their Manhood, their Women, and their Nations aren’t separate things.” JS
Dilly, Dilly.
Dost thou mock? Only such an organic (rooted in the soil of human nature), full spectrum approach has any chance of saving any part of Western Civilization, our Heritage, and any part of America, either now or later in terms of a rebirth.
Even severe critics tend to be attached to their chains of status quo. Revolution starts within with the cleaning of Augean Stables of the mind and heart.
No mocking here.
Maybe Dilly!, Dilly! would have been better?
No, I simply don’t know what it means. English pop culture of yesteryear? Or Aristocratic slang? I’d heard of it, but not enough to know what it meant. Not enough Masterpiece Theatre I’m afraid. And even if I did know, (something positive I assume), I couldn’t “place” it well enough to know if it was over the top and thus mockery. You never had before so I was surprised and therefore not sure one way or the other.
In any case, I’m an extreme idealist and know that’s hard for other people to take too much of. The Overton Window is still far to the Left, but we have moved it. Idealists who endure do tend to get results over time. We are the yeast who leaven the mass.
Bernard Malamud had a Jewish shopkeeper become enraged when a little gentile girl asked for a “sheeny dill pickle”.
Jews make the best pickles it said, perhaps their greatest contribution apart from Christ himself – who they disavow.
The Russians funneled $52 million through the NRA to aid the Trump campaign.
I bet that was popcorn and pizza money to watch CNN.
I’ve often wondered what the “Talented Tenth” of American black people would do to the other 90% of black people if given the opportunity to act with impunity?
“What about black judges? Do they sentence blacks differently from white judges? What evidence there is seems to show that, if anything, black judges give harsher sentences to black criminals. 103 Some black judges have explained the difference by saying that they feel no mercy for black criminals who prey on other blacks. 104”
Jared Taylor
Paved With Good Intentions: The Failure of Race Relations in Contemporary America
A lot of race-baiting, dishonest research. Thank you Academia…
“For example, in 1989 the Atlanta Journal and Constitution published a major, multipage story on criminal sentencing in the state of Georgia. It found that in nearly two thirds of the state’s jurisdictions, blacks were twice as likely as whites to go to jail for the same crimes. A front-page map showed which parts of the state were the most biased. Only forty-six inches into the story did it become clear that the newspaper’s data ignored prior convictions! 108 Every legal system in the world is tougher on repeat offenders than on first-timers, and many blacks are repeat offenders. A comparative study of sentencing that ignores prior convictions is very nearly worthless, and to base a major, sensational story on such a study is thoroughly irresponsible.”
Jared Taylor
Paved With Good Intentions: The Failure of Race Relations in Contemporary America
The Bigheart Times 1-25-2018 [ front page right column ]
“The continued lack of new wells across Osage County has led to projections that the mineral estate’s productivity period may be coming to an end in the near future.
Citing a report from the Department of Interior’s Division of Energy Mineral Development, Osage Mineral Council Director Bill Lynn told the council Wednesday morning that the Mineral estate may reach its economic limit as soon as 2020 based on current activity levels.
“The decline curves from the DEMV show that all fields in the Osage Mineral estate are in depletion mode.”
“Except for the CO2 fields which are keeping us afloat, we’re looking at a 62 per cent decline curve, which takes you to the economic limit. This is unprecedented.”
The report was based on drilling activity since 2016, which in Osage County, has primarily relied on older wells. For more than three years the issuance of new drilling permits has slowed to a crawl across the [ Osage ] mineral estate due to change in environmental requirements.
According to Osage Agency Superintendent Robin Phillips, 18 new wells [ were ] permitted across Osage County in fiscal year 2017…
“Oil prices are going up, but we’re still locked in the mode of not getting leases out,” Councilor Talee Redcorn said. “I’m not sure what we need to do, but we need to do something.
Despite oil and gas production being up nationally, production continues to slump in Osage County, with the mineral estate turning out about 11,000 barrels per day in November, down more than 2,000 barrels per day since 2014.
“I know one thing: it’s got to come back. We’ve seen the bottom.” Chairman Everett Waller said. We’ve seen it twice.”
mineral estate = all the mineral rights of Osage County Oklahoma held by the Osage Tribe
Brings to mind the book, “Killers of the Flower Moon”, “the Osage Murders and the Birth of the FBI”. Oil out of the ground. Indians into the ground.
Make Italy Great Again documentary:
https://www.youtube.com/watch?v=idFg9frXl-M
Thwack,
For your reading pleasure, an old joke once heard on HBO;
An Englishman, a Frenchman and an Italian were discussing what they did to titillate their wives after sex.
Said the Englishman…”after sex, I tickle my wife’s bum with a feather…it drives her mad…”
The Frenchmen than exclaimed that “…after sex, I drink champagne from my wife’s navel…she feels it exquisite!”
The Italian then responded…”After sex, I wipe my dick on the drapes, it drives her fuckin’ nuts!”
Hey, I got a million of them…”Two black dudes and Thwack walk into a bar….”
Allemagne aussi?
https://www.youtube.com/watch?v=Zjs3nBfyIwM
Dystopia
I consider the pervasive intellectual dishonesty to be a pathology as well: dishonest research, propaganda in the MSM, the 2 Party System. https://eand.co/why-were-underestimating-american-collapse-be04d9e55235
He mentions the problem of “State-lead economic planning”, which is the crux of the problem. This is the first time that I’ve heard an American leader mention this problem. He’s not entirely an idiot.
https://m.youtube.com/watch?t=348s&v=GZIhF1ptliU
JHK has stated many times that there will NEVER be an economic recovery from the Bush 2007 economic crash. Yet over eight years Obama created more jobs per year than Trump. The economy appears to have recovered. Trump is giving himself credit for Obama’s economic achievements:
Record low unemployment.
Economic growth here and abroad.
Economic optimism so strong that both parties feel better about the economy.
Employers handing out bonuses, pay raises and new benefits.
Companies bringing back jobs and money too long parked overseas.
Bank forecasters say a robust 4% growth is possible.
Thank you, President Barack Hussein Obama! (Our last legitimately elected president)
Just more and more Obommunism.
Hail the Great Goliath of Geld!
Hail the Golden Gladiator of Gotham!
Hail the Giant General of Gadflies!
Hail the Grand Goofball of Golf! (just for you).
MAGA not MAKA.
“Yet over eight years Obama created more jobs per year than Trump.”
**********
Ok, but thats also relative.
I can run 5 times as fast as a fat girl; so why didn’t I make the Olympic team?
Truth is, if Obama had really improved the economy, Hillary would have campaigned as being a 3rd term for Obama.
She didn’t, and with good reason.
The rest is history.
All religions are pretty much unified in their love for money and power. Just another form of political power broker == Ol’ Scratch
Nihilism and the Modern Crisis of the Scientific Method
One of the main achievements of science in the 20th century – the Einstein’s general theory of relativity(GTR), which in its worldview value is comparable only to the classical mechanics of Isaac Newton, is practically denied by modern physics and also implicitly replaced by the so-called Gauge Theory, which, contrary to Einstein’s main conclusion about the equivalence of gravity and geometry, fills the mathematical apparatus of general relativity with a physical sense opposite to the original one.
The point is that the solutions of Einstein’s equations, as was shown by the outstanding Russian scientist Alexander Friedmann and subsequently confirmed by Stephen Hawking, inevitably have a singularity in the past, meaning that the Universe, as a collection of matter, energy and space-time in forms accessible to our observation, did not exist earlier than a certain moment.
This conclusion of the Einstein theory of relativity coincides with the Judeo-Christian concept of creatio ex nihilo – the creation of the world from nothing – and practically denies the fundamental axiom of materialism and atheism – an assertion about the primordial, eternal existence of matter.
It seems that Einstein theory of relativity is replaced by the above-mentioned Gauge Theory Crapwith the sole purpose of refuting this conclusion of GTR and Friedman’s cosmological model, in spite of the fact that it not only does not contradict the known laws of physics, but also allows one to answer a lot of previously unresolvable questions.
After 1969 landing on the Moon of Apollo 11, the progress of scientific thinking seemed to have stumbled upon a wall and for the last 50 years, not a single important scientific discovery was made.
At the same time, the pace of scientific and technological progress has not simply decreased – its character has changed. The most characteristic feature of scientific and technological progress since 1969 is the volume of investments in the development of digital technologies and electronic communications that exceeds the total expenditures of mankind for the development of science and in research in all other industries COMBINED from 1684 to 1969.
Meanwhile, the quantum computer remains a fantasy, the program for creating a thermonuclear reactor collapsed due to the cheapness of oil, space exploration is limited to the launch of communication and military satellites, and the study of the tertiary structure of DNA is replaced by purely mechanical genome decoding and cloning studies.
In the field of economic science, there is also a development crisis associated with the lack of a reliable criterion for the value of financial instruments and the separation of economic indicators from reality.
It is enough to mention the growth of the Dow Jones index on average by 60% per year during the presidency of Bill Clinton due to the growth of the “pyramid” of the Internet industry.
This “super-profitability” of virtual business, which can not be objectively assessed, led to an outflow of investments from the real sector of the economy, underfunding of the construction of power plants, and as a result to the inability of the richest country in the world to ensure uninterrupted power supply on its territory.
The failure of economic transformations in most post-Soviet republics, conducted on the basis of theories recommending the abolition of market regulation as a universal mechanism for improving the economy, is also noteworthy.
Despite the fact that none of the declared goals of the reforms have been achieved (creating the institution of private property and reducing the level of corruption, etc.), the ideologists of these reforms refuse to acknowledge their responsibility for this failure and continue to attribute it to the original corruptness of the people and elites in Russia.
“For the last 50 years not a single important scientific discovery was made.”
Finca, that is a ridiculous assertion. I suppose that discovery of the existence of dark matter and dark energy, which determine the fate of the universe, is not important? Nor string theory, and the discovery of oceans under the surface of some of Jupiter’s moons? I could go on.
Maybe the character of scientific discovery has changed, whatever that means, but the pace of scientific discoveries has increased, and not in a linear fashion.
It sounds, Bill, that you talk mostly about observations and not scientific discoveries – the one that expands our understanding of the workings of the Universe and our ability to predict outcomes, on the parity with classical mechanics of Isaac Newton or GTR of Albert Einstein.
String theory appears to be just another crap, like the Gauge Theory.
The Great Trump Revolution of 2016 may mean the revival of the scientific method and advent of new technological breakthroughs that could take the Humanity out of the current moral, cultural, scientific, political, ecological and economic crisis.
Neoliberal and conservative economists share this fallacy: all they can envision is growth, endless growth.
That is patently insane. The only academic I’ve ever met who “gets it” is a mathematician who loves statistical modeling. He said that we need to imagine an economic model adept at managing contraction.
I asked him if he’d read any of JHK’s work. He hadn’t but plans to, now. He said nobody in economics thought like that, and since he’s just a guy who looks at numbers, he kept his mouth shut.
Surely more of us must quietly recognize the unsustainable for what it is: Elon Musk’s Roadster strapped into the payload bay of a rocket. Sounds cool until the thing blows up and then there is no Plan B.
I suspect something in the Bond Market, perhaps a riposte from China about Trump’s ham-fisted policies, will start us to thinking about Plan B: long-term contraction in the economy and population. Then we’ll need to devise models for how to manage it, if we can manage it.
Elon Musk’s Roadster strapped into the payload bay of a rocket. Sounds cool until the thing blows up and then there is no Plan B.
**************
Elon Musk is a grifter and a con man.
His “plan B” is now and has always been to sell the general public Big bottles of “shit they wanna believe in.”
Donald Trump is no different; he is the white Obama.
The process of restoring the USSR has been launched. INFORMAL meeting of CIS heads of state in support of V.Putin in Novo-Ogaryovo
http://en.kremlin.ru/events/president/news/56503
Apparently at the meeting, Putin announced the decision to launch judicial procedures for the restoration of the USSR.
Looking at the faces of the speakers one could feel that they have just been announced that more than 25 years of stay of the republics of the USSR in the status of pseudo-states is finished.
Putin, as always, was extremely specific – the proposal was made to everyone, with guarantees of the status of leaders of the republics and compensation for material losses for facilitating the bloodless reconstruction of the country within its natural borders.
The Novo-Ogaryovo meeting was held just on time.
On December 22, Nazarbayev (President of Kazakhstan) received news from London that it was time to make a decision, which accelerated the process.
The High Court of London rejected all claims of Kazakhstan without the possibility of an appeal regarding the freeze in the US in the Bank of New York Mellon of the accounts of the Kazakhstan National Sovereign fund in the amount of $22 billion, or 40% of its reserves, which the Kazakh government replenishes with revenues from oil exports and uses it as an instrument for emergency financing of its domestic banks, support for the national currency and the economy as a whole.
The rest of the participants in their meeting on their channels received orders for the beginning of the “hot” phase of the war with Russia, during which they should allow the mercenaries from Private Military Companies into their territory – such as ISIS and others like them, who are currently dispersed over the bases in Afghanistan
Further, we expect the announcement of the verdict of the court on the illegality of the liquidation of the USSR.
It remains only to guess what post Putin will take in USSR 2.0.
The nation state – it’s what’s for dinner == Ol’ Scratch
USSR to US: Fuck you and Fuck your Sanctions
MOSCOW (Reuters) – Russia has no obligation to carry out sanctions set by the United States, including those on North Korea, RIA news agency quoted Deputy Foreign Minister Igor Morgulov as saying on Friday.
“We will carry out only sanctions which are adopted by the UN Security Council. We don’t recognize one-sided American sanctions, we have no international obligations to comply with them,” RIA quoted Morgulov as saying.
Morgulov also said Russia would not expel North Korean citizens who are subject to U.S. sanctions, and the U.S. special representative for North Korea had been invited to visit Moscow, RIA reported.
https://www.reuters.com/article/us-northkorea-missiles-sanctions-russia/russia-says-no-obligation-to-comply-with-u-s-sanction-on-north-korea-idUSKBN1FF2CB
This is “Really Weird”, if you think about it…..
“Dr. Clive O. Callender is head of the Transplant Center of Howard University and is the nation’s senior black transplant surgeon. He explains that one of the most common reasons why blacks refuse to donate organs is that they are afraid the recipient might be white. Whites do not seem to worry whether a black might get their organs; Dr. Callender points out that even at Howard, 80 percent of the organ donors are white. 181”
Jared Taylor
Paved With Good Intentions: The Failure of Race Relations in Contemporary America
Isn’t The Clinton Foundation in the Haitian organ doner Business? That lawyer who was suing the DNC because of the Bernie Sanders fraud found a link between The Clinton Foundation Haiti operation and a clinic in Florida doing organ transplants for rich Hollywood stars and Washington DC politicians. It kinda freaks me out!
Macabre…..
“Isn’t The Clinton Foundation in the Haitian organ *doner* Business?”
You’ve had Pizzagate. I’m not sure the American public could deal with Kebabgate.
They are not looking at it the right way. Give Janos a black organ but don’t tell him until he is in the recovery room. We could sell tickets. It would be quite a show but sharp objects would need to be kept away.
Actually it sounds a bit like bullshit unless they are worried about whites rushing the process along. That’s a legitimate concern!
He’s got a black heart already, so maybe just a kidney or a liver. Although seeing the world through a couple of ‘black’ retinas would be a nice symbolic touch.
Whatever happened to Trayvon Martin’s girlfriend, Rachel Jeantel?
Did she have a “Happy Landing”?
Or did she have to “Buckle Up”?
She’s merged in my mind with “Precious” from the movie “Precious”. An ape blended with a reptile. There was an attempt to spin her as a Hollywood beauty but it went no where. She did seem a lot nicer than Rachael.
Unless you are literate in a language like German or Russian, you probably will never realize the extent to which all media you have received was first run through an Anglo-Saxon “filter” to keep you from questioning their socio-economic and political narrative?
Nowhere is this more true than on Youtube; where most of the historical docs are Anglo-Saxon fanboy porn…
The docs that let the “other side” speak are much less predictable and more interesting; if you can find them.
This one is very good:
https://www.youtube.com/watch?v=Jzt0V2mhL90
Where Anglo-Saxons “Black” or were they Yt?
I had a black girlfriend born and raised in The U.K, and I thought she was very Anglo-Saxon and Protestant. I used to call her an “Afro-Saxon”
But if you really want the answer you need to ask a person who says they are one:
https://www.youtube.com/watch?v=XWKBYbX3yv4
https://www.amren.com/news/2018/01/jawbone-fossil-found-israeli-cave-resets-clock-modern-human-evolution/#disqus_thread
Modern Human evolution pushed back 100,000 years. We overlapped with many other hominids and more primitive breeds of Homo. Sure we bred with them a bit. But mostly we killed them and drove them to extinction.
was it a hollowcost?
Byron York, writing in the Washington Examiner, says that only 15% of the text messages between star-crossed lovers Peter Strzok and Lisa Page have been turned over to Congressional investigators so far.
And, for some strange reason, some were sent by the FBI over to the Special Council, Robert Mueller, and he redacted portions of those emails.
Mueller did what?!?
Attorney General Stephen Boyd sent a letter to Congressional investigators saying:
“… the department has redacted from some work-related text messages portions that were purely personal …. Primarily to facilitate the committee’s access to potentially relevant text messages without having to cull through large quantities of material….”
How touchingly caring on the part of DOJ!
Something in this whole Clinton – Obama – Trump – Mueller saga starting to remind a bad remake of Shakespearean Comedy of Errors.
May be because it IS a comedy?
I think I have a theory, but need some time to mueller it over.
See ya tomorrow.
That was Assistant Attorney General Stephen Boyd
Trump says he is willing to answer questions under oath. That is a lie. He knows his lawyers will not permit it… because they know Trump is a liar.
An article by Bloomberg’s Timothy O’Brien: “I’ve Watched Trump Testify Under Oath. It Isn’t Pretty” sums it up nicely. O’Brien writes:
“Speaking from experience, I think the president’s attorneys should grab their worry beads. Trump sued me for libel in 2006 for a biography I wrote, “TrumpNation,’ alleging that the book misrepresented his business record and understated his wealth. Trump lost the suit in 2011, but during the litigation my lawyers deposed him under oath for two days in 2007.
“Trump ultimately had to admit 30 times that he had lied over the years about all sorts of stuff: how much of a big Manhattan real estate project he owned; the price of one of his golf club memberships; the size of the Trump Organization; his wealth; his speaking fees; how many condos he had sold; his debts, and whether he borrowed money from his family to avoid going personally bankrupt.
“He also lied during the deposition about his business dealings with career criminals.”
Trump’s lawyers are already signaling they are deeply uncomfortable about the prospect of a live, freewheeling session between Trump and Mueller. Shortly after Trump made his brash declaration, Trump’s attorney John Dowd told CNN: “I will make the decision on whether the President talks to the special counsel… I have not made any decision yet.”
Time to feed the cats, Little Jane
“Marxism is intellectually honest …”
“Professor Karl Marx was a conflict theorist …” Robert White, Canadian
Communist China, 1949 — 1976, 60 million human beings liquidated
Soviet Union, 1917 — 1956, 30 million human beings liquidated
Cambodia, 1975 — 1977, 4 million human beings liquidated
Cuba, 1961 — present, 300,000 human beings unaccounted for
N Korea, 1949 — present, number of human beings liquidated unknown, thought to be about 2 million
Venezuela, 2002 — present, total economic collapse
I’m sure I missed some. In the 90s the French Academy published ‘The Black Book of Communism’, which is where these numbers come from. How about it Mr White? This is the result of the Marxism you seem to love so much. I know, I know, if you had lived in one of these lefty utopias in the time of mass death the Commissars would have let you live, because your heart is pure.
brh
Between the Russian Revolution and Civil War of 1917 – 1921, the Great Patriotic War of 1941 – 1945 and the Privatization of 1991 – 1999 Russia lost 400 million of its citizens in combined demographic losses.
You are writing about the Communism as if it is not part of the Western anti-Christian ideology – the Western Red Project.
When Stalin in 1943 dismissed the Communism International – ComIntern – to replace it with Orthodox International, it scared West so much that in 1945 it overthrew President Roosevelt, installed Nazi Truman who immediately wend bad on Yalta agreements between Stalin and Roosevelt and started a Cold War against Russia choosing Orthodox Greece as a starting point.
And, of course, the Church of England, as the most spiritually close sister-Church of Russian Orthodox Church, is welcome to join!
Anyway, Capitalism as we know it is over, Long Live the Distributive Economy (a weird form of Socialism?)
Stockton Gets Ready to Experiment With Universal Basic Income
https://ww2.kqed.org/news/2018/01/22/stockton-gets-ready-to-experiment-with-universal-basic-income/
What are the odds?
and …
What do you view as the ideal framework for civilization?
Epicur give me a break… India vs Pak and Muslim vs Jew… what is this 1939 and you’re Lindbergh?? Do you reall think a nuclear war can be contained ??? You are an absolute fool.