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Ho ho ho! It’s that time of year again. Here’s JHK’s holiday classic: A Christmas Orphan.

11-year-old Jeff Greenaway hears his mom and dad argue one night after an office Christmas party. He infers from their garbled squabble that he is an orphan, found in a willow basket on the welcome mat outside their New York apartment. Thinking now that his parents are imposters, he steals away to Grand Central Station and buys a train ticket to Drakesville, Vermont, where he intends to start life all over again.
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Clusterfuck Nation
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Who needs Russia when the Tweety-Bird-in-Chief is hacking his own presidency into a global joke? Or at least it might be a joke if the USA weren’t such a menace to international order, and to itself, by the way. Interestingly, the 25th amendment allows for the removal of a president from office on account of incompetence or disability, but not for being an embarrassment to the nation.

They may come after him anyway with the 25th, especially as the financial system unravels later this year, because this time, unlike 2008-9, central bank interventions will not avail to rescue the faltering money system from nine years of previous central bank interventions. All it takes is for the “liquidity” flows to seize up and before you know it, there’s no food in the supermarkets because everything in our just-in-time economy is exquisitely calibrated to the sure expectation of getting paid, and when that goes, it all goes.

Then the question arises: well, can’t you just re-start the liquidity flows? Not when the process requires another abracadabra magic act of summoning X-trillions of dollars out of absolutely nothing when the previous X-trillions created out of absolutely nothing are rushing at warp speed into the black hole of deleveraging because it has been discovered that the “loans” they were based on can never be paid back, not in this universe or any number of universes like it. In a word, they’re worthless.

Deleveraging is the polite term economists give to your net worth rapidly evaporating. Liquidity is the polite term for cash money and things denominated in them that can readily be converted into cash money. The problem with the kind of liquidity-creation solution to deleveraging is that it rapidly leads to money itself becoming worthless.

The preview of coming attractions is currently playing out in Illinois — soon to be joined by Connecticut, California, Kentucky, and many other bankrupt states. Illinois is dead broke. It can’t pay the contractors who fix things like roads and storm drains, and supply food to its prisons. It’s over $200-billion deep in pension obligations that will never be honored. Its Medicaid system is a shambles. It doesn’t even have the cash-on-hand to pay lottery winners (what happened to all the cash paid into the lottery by the suckers who didn’t win, which is supposed to pay off the winners?). The state legislature hasn’t passed a budget in three years.

The governor and the mayor of Chicago and everybody else nominally in charge have no idea what they’re going to do about it. Think the federal government is going to just step in and save the day there? They’d have to bail out every other foundering state and that’s just not going to happen, especially with that same federal government about to run out of cash money itself, with no resolution of the debt ceiling controversy that might allow it to even pretend to borrow more money by issuing treasury bonds that are instantly bought by the Federal Reserve — which, of course, is not an official government agency but a private banking consortium contracted to manage the nation’s money.

Do you begin to see the outlines of the clusterfuck rising like a bad moon over the harvest season of 2017? The American people, by and large, have no more idea how false and fragile the financial arrangements of the nation are than the average eight-year-old has about why the re-po squad is towing away Daddy’s Ford-F150. We’re just doing what we always do: gittin’ our summer on. Breaking out the potato salad and the Bud Lites — at least those who have enough mojo left in their MasterCards to charge the party supplies.

An awful lot of Americans must be maxed out, though, people who actually used to work at things and get paid for it. Each one of them is a walking Illinois now, facing each dawning day with a bigger load of problems, more things they can’t pay for, and moving closer to the dreadful day when everything is gone, every chattel, every knickknack, the very roof over their head, and most particularly the belief that they live in a fair and decent society.

So, I wonder what we’re going to do with a Tweety-Bird-in-Chief in the White House when this deal goes down. Stresses and tensions are out there a’buildin’ and the time for being a nation of feckless idiots is drawing to a close. The sad thing is: it wasn’t even fun while it lasted.


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“Simply the best novel of the 1960s.”

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Book 4:
Harrows of Spring
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Geography of Nowhere The Long Emergency
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About James Howard Kunstler

View all posts by James Howard Kunstler
James Howard Kunstler is the author of many books including (non-fiction) The Geography of Nowhere, The City in Mind: Notes on the Urban Condition, Home from Nowhere, The Long Emergency, and Too Much Magic: Wishful Thinking, Technology and the Fate of the Nation. His novels include World Made By Hand, The Witch of Hebron, Maggie Darling — A Modern Romance, The Halloween Ball, an Embarrassment of Riches, and many others. He has published three novellas with Water Street Press: Manhattan Gothic, A Christmas Orphan, and The Flight of Mehetabel.

376 Responses to “When the Deal Goes Down” Subscribe

  1. janet June 30, 2017 at 9:27 am #

    Becoming an expat is an option for some. I am looking into it and there are many countries out there better than America, countries better equipped to handle the coming collapse.

    • shotho June 30, 2017 at 9:40 am #

      And which are those countries? I travel on an annual basis to Nicaragua and Ukraine. Would not consider either one to be a better option. Yes, the people of both are more used to providing food and shelter for themselves, but they are also more prone to violent solutions to differences. American people in rural areas are also used to providing for themselves and are fully capable of protecting their own from depredations. We also have a custom of helping each other; no reason this should not continue and grow in the face of increasing deprivation. I also believe that our currency is likely to actually increase in value with hard times; a lot less of it in circulation amid a renewed sense of hard work. Remember, all the resources of America have not been used up, including its labor.
      Now, as for urban areas . . . . . .

      • Anon1970 June 30, 2017 at 10:14 am #

        If you were born abroad, returning to the country of your birth is an option. If your parents were born abroad, you may be able to gain citizenship from one or both of their countries of birth. If one of your ancestors fled Germany during the Third Reich because of discrimination (applies mostly to Jews), you may be able to reclaim German citizenship. Spain and Portugal offer similar programs if you can show that one of your ancestors was expelled from either country in the 1490’s because they were Jewish. (Linda Chavez, who had her 10 minutes of fame during the Reagan administration, qualifies under this program).

        As a practical matter, if the US has an economic collapse, it is likely to take much of the rest of the world down with it. Most Americans won’t be moving anywhere.

        • 100th Avatar June 30, 2017 at 10:44 am #

          Everyone is aware of TBTF banks. There are TBTF countries.
          What makes a country the “too biggest” to never fail.
          Ask the ensconced pedagogues at a war college, top brass at the pentagon, the career kool-aid pushers at the CIA.
          Power does.
          Might does.
          Hence all the investment.

        • hmuller June 30, 2017 at 3:47 pm #

          Maybe Trump wants to build that wall to keep us in.

          • DA June 30, 2017 at 9:44 pm #

            That will be it’s ultimate use in any case.

          • Anon1970 July 1, 2017 at 11:28 am #

            The US already has an exit tax if you want to give up your US citizenship. Robert Wood, a US tax lawyer, has written extensively about this subject in Forbes magazine in recent years. If you move abroad and don’t legally give up your US citizenship, you are still subject to US tax law and may be required to file quarterly and annual income tax returns along with various financial disclosure forms. Remember the old roach motel commercials? You can check in but you can’t check out.

            As the US financial situation becomes increasingly desperate, some Americans with assets to protect may simply liquidate all of their US holdings, overstay their visits abroad and sever all ties with the US.

      • Elrond Hubbard June 30, 2017 at 10:21 am #

        FWIW, here’s a map:

        news.berkeley.edu/2015/10/21/study-finds-climate-change-will-reshape-global-economy/

        It compares the difference in gross domestic product under two scenarios: with anthropogenic global warming, and without it. Losers in red (AGW is bad for you), winners in blue (global warming actually improves the outcome for these countries). Clip the map for an interactive version where you can go country by country for details.

        Basically, the closer you are to the equator, the more you’re screwed. Canada will actually be 247% better off in 2100 if climate change happens, while Russia will see a truly impressive 419% improvement over the non-AGW scenario.

        I saw a map yesterday that made a similar projection within the United States and the pattern is the same. If I remember where I saw it, I’ll post that too. But to sum up: if you can’t afford to leave the U.S., then at least move as close to Canada as you can. Good luck!

        • Elrond Hubbard June 30, 2017 at 10:24 am #

          Hey, I found it:

          arstechnica.com/science/2017/06/in-the-us-as-in-the-world-climate-change-will-hit-poor-hardest/

          Similar pattern: north (i.e. farther from the equator) does better than south. For what it’s worth.

          • DA June 30, 2017 at 10:26 am #

            Pretty narrow focus (read: pro globalist) in that original article. I suspect the reality on the ground will be a whole lot more nuanced and less optimistic.

        • BC_EE June 30, 2017 at 10:43 am #

          Not too close! We may have to build A Wall. At least we won’t make you pick lettuce. Just Joking – kinda.

          There has been studies done to determine the northward migration to northern U.S. and Canada due to climate change. Last I heard, the figure was about 30 million. One more summer of heat like they are getting in Phoenix and we may start to see the Exodus commence. (No allusions to Pharoh, or other Egyptian myths and Isrealite Old Testament intended. Thinking more Bob Marley actually.)

          Geez, I guess all the Vietnam draft avoiding Americans living in the Slocan Valley were just a little ahead of their times.

          That being said, got lots of land to sell ya. $CDN or Rubbles currency only. Although with the exchange rate that works in your favor at the moment.

          • DA June 30, 2017 at 9:43 pm #

            Your overwhelming cynicism is only exceeded by your crass capitalist commercialism. In fairness, I guess we asked for this.

            But back to the real world, there will OF COURSE be no mass migration northward, not at least absent a mass concurrent die-off, so any silly capitalist delusions of a new gold rush are surely as ephemeral as the prospects for industrial society humans in such an environment will be.

          • sharonsj June 30, 2017 at 10:18 pm #

            A friend in Georgia is trying to get me to move down South. I hate the heat and I hate being in the sun, that’s why I’m in Pennsylvania (which, by the way, the maps show doing quite well despite climate change). Anyhow, she tells me that you spend all your time in an air-conditioned car, an air-conditioned house, an air-conditioned store, etc. I don’t consider than an enticement.

        • Gerold June 30, 2017 at 2:07 pm #

          Sorry, but we live in igloos up here. Get lost, eh?

          • windward June 30, 2017 at 3:40 pm #

            I read that Winnipeg has a bad mosquito problem. Lyme disease and Powassan and other diseases carried by ticks are on the way to Canada, if they are not there already.

            That is just one deficiency in the maps Elrond Hubbard cites. They do not consider the effect of global heating on the prevalence of diseases carried by insects and other species.

            There is speculation that melting of the permafrost will release pathogens about which we know nothing, and for which we would have no immunity. Of course it will also release enough methane to finish us soon enough.

            Even without the diseases, global heating is going to be one of the greatest catastrophes in the history of life on Earth. We humans can forget about the economic effect. We are going back to solitary, poor, nasty, brutish, and short, if there are any of us left.

            Global heating will cause the nuclear power plants to melt down sooner or later, if they don’t from other causes. But nuclear war is inevitable, so why should we care about global heating? I don’t know for sure.

            The Reagan Republicans, and their kind in the rest of the world, are mostly responsible for this monumental tragedy. Now that their policies have led to Trump, this march of folly will soon drop screaming into the raging, white-hot volcano of doom. At least it will finally come to an end.

        • DA June 30, 2017 at 10:07 pm #

          By the way, I don’t advocate for abandoning the US as an answer, for any number of reasons.

          FIRST: Mass Migration will be a fact of life for the foreseeable future for EVERYONE due to political unrest due to AGW and the American GWOT. Since both are first an foremost AMERICAN induced problems, it hardly seems appropriate that Americans of whatever socio/economic stripe should resort to such means to FURTHER leverage their first world status to further advantage against everyone else in the world who have ALREADY paid the price of American profligacy.

          SECOND: Rapidly abandoning current political alignments/affiliations will only further hasten the dissolution of whatever remains of the US. While that might seem like an admirable long term goal, merely transferring our political angst northward over a short period of time is almost certainly a recipe for disaster.

          THIRD: Transferring a fully developed 21st century industrialist based overshoot society northward on a warming planet in an effort to avoid further warming is pretty much the definition of insanity. It will only hasten the process GREATLY!

    • Squeeky Fromm Girl Reporter June 30, 2017 at 11:00 am #

      That is such a great idea! Have you thought of bugging out to either Cuba or Venezuela??? Those countries are run by people who think just like you!

      I would suggest North Korea, but I don’t know whether or not you have a Poster Fetish. Because you just seem like the kind of person who would collect Hillary and Bernie posters. . .

      Squeeky Fromm
      Girl Reporter

    • seawolf77 June 30, 2017 at 11:24 am #

      Uruguay for one. I like all those countries in South America. Argentina. Chile. Brazil. Buenos Aires is a beautiful city.

      • Janos Skorenzy June 30, 2017 at 1:25 pm #

        “All those countries”. What do you mean those? What is the rationale behind you grouping them together? Because they’re the White countries of South America? No, because they’re the prosperous countries of South America. As I said the White ones. Because they’re the countries which have Western Culture. As I said, the White ones. Because the people there share some of my values about the liberty and the environment. As I said, the White ones. Or it reverts to Western Culture, and therefore White.

        You will not replace us. Because in so doing, you would replace yourself in the process.

        Have I outed you as an unconscious racist? Why be negative? I have brought the natural part of you to light. I have liberated you.

        • seawolf77 July 1, 2017 at 7:40 pm #

          Well I’m white retard. You think I’m going to proselytize life in the Congo or Zimbabwe. In Uruguay their president is famously worth little and that is considered a political asset. It’s only here that they worship a fake billionaire, elect him president, look the other way at treason, and continue to eat deep fried Trump turds. Bon appetit!

          • Janos Skorenzy July 1, 2017 at 7:52 pm #

            If you were Just, you Would go to the Congo since your Party favors Negroes over Whites. Instead you plan to go to White South America to enjoy what Whites have created and simultaneously work to undermine it no doubt – as you people do wherever you go.

    • zizzybalooba June 30, 2017 at 6:05 pm #

      “Mastercard: Get Your Mojo On”

      Copyright it

    • Arn Varnold July 1, 2017 at 7:16 am #

      Janet
      Yes, becoming an “expat” is an option; one I’ve found few are willing to chance.
      Some things to consider; language, currency exchange rates (USD to ??), climate, and cost of living.
      I left more than 14 years ago and settled into a non-tourist, somewhat rural area in Asia. There are no English speakers in my area (except my wife).
      The languages are not easy for native English speakers, but very possible if one tries. Language is a window into culture and critical for understanding regardless where in the world one chooses.
      I do well enough to travel alone when I need to.
      Cheers and good luck; go for it…

      • Arn Varnold July 1, 2017 at 7:18 am #

        Oh, I should probably add, I was 58 and single when I left.
        I consider myself self exiled; not an expat.

    • chuckyzfr1 July 12, 2017 at 1:59 pm #

      My wife and I just returned from a trip to Thailand, and we’ve been talking about the possibility of retiring early and living there. One of the big barriers is language, as the tonal structure of Thai is reportedly difficult for native English speakers to master. My sister and her husband are living in Chiang Mai and both speak Thai, my sister apparently is indistinguishable from a native speaker, but I’ll freely admit she is vastly more intelligent than me, as is her husband. But it doesn’t hurt to dream at any rate.

      While on the trip, my wife and I rented motorcycles and rode on an 850-kilometer loop in the northern part of the country. The cost of living is unbelievably low, and we ran into a few expats making a go of it. The Thai people by and large seem very friendly and welcoming, even in places rarely frequented by tourists, which we wound up in as a result of getting massively lost during the aforementioned motorcycle trip.

      I’m not factoring in what could happen in that region in the event of some massive financial or geopolitical meltdown, but as it stands now Thailand seems like a place where you could live a good, enjoyable life for not much money…

      • Pat Ormsby July 16, 2017 at 2:22 am #

        The tonal structure of Thai is a kick. Start off with the common standard expressions, then build from there. If you’re trying to say something, and they just draw a blank, slow down and try again, focusing on the tone as you recall it. That typically does the trick. They figure out what you’re trying to say and supply the tone for you.

        We use tone to indicate emotional content or uncertainty. Speaking Thai or similar languages forces you to separate your emotions from your speech. They also use tone to indicate emotion, but different modulations from enunciation (exaggeration, wavering, etc.).

        I hope Thailand manages to muddle through the coming global collapse. They have a good attitude, and the role of Buddhist temples in the community is laudable.

  2. venuspluto67 June 30, 2017 at 9:45 am #

    The sad thing is: it wasn’t even fun while it lasted.

    Well, it hasn’t been for the past few years, that’s for sure. 🙁

    • Anon1970 June 30, 2017 at 10:34 am #

      Actually, the past dozen years have been kind to me and I have been enjoying my retirement. The Bush tax cuts increased my net spendable income but did little or nothing for the millions of Americans who voted for their religious prejudices and against their economic best interests. The old mill towns of Ohio are now more famous for opioid addiction than for their steel production. Remember when the words Armco Steel Middletown, Ohio were stamped on just about every drinking fountain around?

    • michael June 30, 2017 at 5:29 pm #

      Our culture has become repugnant and life in it a burden to all not yet
      psychopathic.

      • DA June 30, 2017 at 9:29 pm #

        A very accurate assessment. “Clown culture” is a popular term.

        • outsider July 1, 2017 at 8:58 am #

          And we have a head Clown-in-Chief!

  3. robert magill June 30, 2017 at 9:45 am #

    When The Deal Goes Down which may be the day after Trump returns from the G20 love-fest. He has plans. Bigly plans to put tens of thousands to work and not at gov’t expense and not at McDonalds wages. Preview of coming attractions at. You’ve been told.

    • DA June 30, 2017 at 10:23 am #

      Fascinating stuff! First time I’ve heard of it.

    • BC_EE June 30, 2017 at 10:30 am #

      Replied on your blog Robert. I’ve been working with the team that has been developing the Canada to Alaska new railroad and transmission system for a number of years. Xi stopped in Alaska just after some high level agreements were reached. As noted in your blog, the primary purpose is to move oil and potash. It will also tie in Yukon and Alaska to the North American grid. The rail system will be electric supplied from renewable energy sources. Using this propulsion the train will be 50% more efficient while NOT emitting GHG’s. We also have other projects to offset the upstream GHG liability.

      It’s not my call, but don’t know what Trump thinks about it and don’t care. Adios ACOTUS. (Ass Clown of… you know the rest).

  4. 100th Avatar June 30, 2017 at 9:45 am #

    The entire planet is broke, and all these broke countries are indebted and inextricably interconnected.

    Therefore, nothing will happen, as nothing has happened beyond Zero Hedge and Contracorner not yet coming to this realization.

    Pass me a Bud

    • beantownbill. June 30, 2017 at 9:49 am #

      The Zero Hedge comment section is an abomination.

      • Anon1970 June 30, 2017 at 10:21 am #

        Very true for Zero Hedge. I wonder if its advertisers have ever looked at the comments and realized how racist many of them are. If you have an account at either Charles Schwab or TD Ameritrade and you are offended by the ZH comments, let your brokerage firm know.

        • S M Tenneshaw June 30, 2017 at 5:02 pm #

          Johnny Carson: How bad is the ZH comment section?

          • S M Tenneshaw June 30, 2017 at 5:04 pm #

            Ed McMahon: So bad that Janos would be a denounced as a Zionist.

      • Squeeky Fromm Girl Reporter June 30, 2017 at 11:02 am #

        I think the comments are what makes the place worthwhile. A lot of the articles are sort of over the top. Not false, but just over the top.

        Squeeky Fromm
        Girl Reporter

        • Anon1970 June 30, 2017 at 12:22 pm #

          A lot of the comments would be very offensive to millions of Americans. My question is how long will the website’s advertisers look the other way?

          • Janos Skorenzy June 30, 2017 at 1:32 pm #

            Well obviously only until the SPLC or ADL or other hate groups pressure them into renouncing their First Amendment Rights. Otherwise they’ll keep advertising on popular sights. Racism is in IN and Whites want to regain their Freedom.

          • hineshammer July 1, 2017 at 7:24 am #

            Come on Janos. Surely you know it has nothing to do with First Amendment rights. The government is not coming after them. Stop with the hyperbole.

          • Squeeky Fromm Girl Reporter July 1, 2017 at 3:30 pm #

            Ding-a-ling! The advertisers there are financial companies, not diaper merchants or sellers of women’s hygiene products.

            Do you really think that banks, and brokers, and hedgies worry about stuff like that??? Those people traffic in human misery all day long, so do you think an anti-semitic or racist remark here and there is going to bother them???

            And it ain’t like your average hoodrat even reads the site, or has any money to invest. Unless they are the family of one of the dead thugs the city has settled with.

            Squeeky Fromm
            Girl Reporter

      • Janos Skorenzy June 30, 2017 at 1:29 pm #

        The Folk are woke, yo. To stop us now you’ll have to shut down the non-commercial internet. And then hackers will hack it the remaining to shreds in retaliation.

  5. Yuri Sowryteski June 30, 2017 at 9:50 am #

    Just a little musical accompaniment: youtube.com/watch?v=46mO7jx3JEw

  6. ozone June 30, 2017 at 9:50 am #

    Whither [dead broke] Illinois?
    ” It doesn’t even have the cash-on-hand to pay lottery winners (what happened to all the cash paid into the lottery by the suckers who didn’t win, which is supposed to pay off the winners?).” — JHK

    Ah, a very interesting question, indeed, Sir Jim!

    State-sponsored Gambling: One of the finest rackets ever devised for extracting what little disposable income there is from the pockets of the poor and desperate. There were promises made by caring politicians for funding impo’dent social programs… wha’ happen?

    Trust, as well as the mysterious “funding”, has disappeared. Office-holders (professional grifters) should take a clue, and fast. Saddle up and ride out, compadres!

    • Anon1970 June 30, 2017 at 12:17 pm #

      Most likely, the Lottery Fund loaned its excess cash to the State’s General Fund and now the General Fund can’t afford to pay it back. As of 6/30/16, the State’s General Fund had a deficit of over $5 billion which is a sign of great financial stress. The GF also owed over $5 billion to various providers of goods and services (accounts payable and accrued liabilities), including lots of money owed to hospitals and nursing homes which provide services to Medicaid patients. Illinois is the canary in the coal mine. My guess is that it will all end badly. Maybe the politicians need to start another war to distract the public. Needless to say, the state of the union is not strong.

      • ozone June 30, 2017 at 8:07 pm #

        Anon,
        Isn’t it amazingly predictable that anytime a scheme like this is dreamed up by the “lawmakers”, you can reliably expect sleight-of-hand and POOF, a large pile of funds has disappeared? …I agree, a bad end in sight when the ponzis are inevitably revealed.
        (I see the same end result for the “contributions” accruing from the legalized pot industry; it’s baked into the legislative cake and they just can’t stop themselves.)

    • outsider July 1, 2017 at 9:05 am #

      Ozone,
      If lottery winners are not paid, no one will play. That is the end of “voluntary taxation.” A Double Whammy!

    • ZrCrypDiK July 2, 2017 at 11:46 pm #

      “State-sponsored Gambling: One of the finest rackets ever devised for extracting what little disposable income there is from the pockets of the poor and desperate.”

      Zoner! U of all peeps in this forum should KNOW by now, that it is simply *CAPITALISM* that is teh grift/racket. Usury indentured servitude is the name of that game.

  7. seawolf77 June 30, 2017 at 10:03 am #

    The orange kool-aid is starting to turn diarrhea brown and lumpy. Mmmmm! Delicious isn’t it? What are those things floating on top. Turds baby. Turds.

  8. marcus1 June 30, 2017 at 10:12 am #

    Jim Jim settle down. We haven’t even seen negative interest rates yet. Never forget who is in charge in this country The oligarchs and the MIC. Financial instability is a danger to the afore mentioned interests.

    Congress will pass budgets that will make 2009 deficits look “quaint.”
    There is yet more wealth to extract from the middle class in this country and it will be extracted. Get with the plan!

    First take all the social services and health care from the poor. Grind down their rights through gerrymandered districts and incarceration. Make the underclass a spectacle that puts fear into the the hearts of the middle class–this could be you!– finally replacing any residual empathy left there. Then continue with the plunder.

    Rome wasn’t dismantled in a day.

    • DA June 30, 2017 at 10:13 am #

      Excellent points.

    • 100th Avatar June 30, 2017 at 10:31 am #

      Nah, see the genius lies in their plundering of nothing. The present system is making money out of nothing, or taking from the future that never reaches present, where those rewarded are those that see this, support this, and ensure that it continues, AKA the smartest people in the room. Take relief in knowing that the most powerful and intelligent people the world over will ensure this racket never ends.
      Pass me some potato salad.

      • patrickd June 30, 2017 at 11:24 am #

        I agree, Avatar, that it will never end, but I disagree with your use of the word “intelligent” to describe those powerful grifters. I’m not sure anything human is intelligent – I mean there’s a danger we could go extinct…
        Our host Jim’s life’s work has been to show his readership the dead end we are on, and to suggest an alternate path that takes the form of living without fossil fuels, living within earth’s provision.
        But, collapse does happen, empires do fail, so maybe he’s right this time. Regardless, it makes sense for people of the world to opt out of the current global financial system, and create the world they want, one family at a time. Why live mindlessly to make the rich richer? I think of homesteading, where one grows much of their own foods, and has some kind of home-based industry for use in bartering for what you can’t make. One of the major messages I “got” from Jim’s World Made by Hand novels is that life can be enjoyable when one is so intimately connected to earth and one has neighbors also connected to the earth, living simply, helping each other, sleeping well at night.

        • Janos Skorenzy June 30, 2017 at 1:34 pm #

          Don’t forget the weapons. Eden aint comin’ back anytime soon. And the first thing Brother Job asked when he got to Union Grove was, Any Blacks?

        • shotho June 30, 2017 at 3:38 pm #

          Of course, Mr. K is right about almost everything. Whoever in their right mind believes that something human can go on forever; only if they know nothing of history, in which case they are called ignorant.

        • michael June 30, 2017 at 5:34 pm #

          It will end. Everything does.

    • TiredOfTheTreadmill June 30, 2017 at 12:24 pm #

      Spot on. For all their talk about fiscal responsibility, Republicans only care about that when a Democrat is in the WH. When it’s one of their own in the WH, it’s drunken sailor on shore leave, Katie bar the door time with all spending thrown on the credit card for future administrations and generations to worry about. Most of the country won’t see a dime of this money because the current crew in power only cares about its own. Always remember how conservative common sense works: spending $100 billion a year on police, munitions, threatening gadgets, prisons, etc to suppress people makes much more sense to them than spending $25 billion a year on welfare to just buy them off. But money will be spent at breakneck speed until it can’t anymore. That will be the only point where thing break down, and it may come this Fall. We shall see.

      • sharonsj June 30, 2017 at 10:27 pm #

        Perhaps the breaking point will be the end of Medicaid and the billions taken from Medicare, not to mention the orange one wants to cut food stamps by 25%. I’m hoping that every one of the starving, terminally ill, no-available-insulin diabetic, arthritic, opioid-taking folks are armed, thanks to the NRA.

    • RocketDoc June 30, 2017 at 3:22 pm #

      I think you’re right. We’ve already impoverished the bottom 80%. Their check can be pulled anytime. It’s now time for the comfortable to get squeezed… That should take a while. If it’s grabbed too quickly, we’ll know who to blame.

    • GhostOfHam June 30, 2017 at 4:23 pm #

      “The oligarchs” — the Private Citizens, founders of the country, and their progeny…. not you and me, the “public citizen.” I know …. I know it’s hard to believe after all that public schooling — but you & me ain’t them.

      And, eventually, since you are acting in commerce with their property, using their foundational-created system, and money, and the legal titles, and since that property is insured, if your straw man stops being productive & things are bad enough then the controllers, owners, TPTB, the Deep State, et al. will liquidate your straw person, and do so legally.

      To the Right, or to the Left. Take your pick. Happens all the time.

      Choose this day whom you will serve.

      It’s getting’ late. But there’s a long ways down into hell to go yet.

  9. DA June 30, 2017 at 10:13 am #

    Only two real options left in the kit at this point: Continue to print money ad infinitum and thoroughly debase the currency, or let the whole thing crash and burn and replace it with something else, which I assume would be the long awaited all digital and by invitation only global currency. The time might finally be right for the latter, which has always been the wet dream of the globalists.

    Trump? I’m beginning to think he was always just another magic act. A clever diversion schemed up by the global marketing department to provide some much needed distraction for the masses while the real caper went down. Well, we were all going to die anyway, just looks like it might be a whole lot sooner and a bit more painful than many of us previously imagined. You get what you pay for, which lately has been absolutely nothing.

    • Elrond Hubbard June 30, 2017 at 10:43 am #

      Nobody wanted Trump — not Trump for Trump’s sake, anyway. The big money wanted Jeb “Please Clap” Bush, and they got what they paid for, which was… Jeb Bush. The likes of Bannon wanted Trump not for himself, but because he was an opening for them to push their agenda of tearing down the administrative state. The global marketing department don’t want the administrative state torn down; it supplies the better part of their revenue streams.

      Even those who switched their vote from Obama to Trump didn’t do so because of Trump. They did it because he was the only alternative to more-of-the-same as sanctioned by the powers that be. The one viable alternative got stepped on by the Democratic Party apparatus. And here we are.

      • Billy Hill June 30, 2017 at 11:20 am #

        What? Everybody knows the Russians caused all those Obama voters to go Trump. And they caused the DNC to undermine the Bernie candidacy. Sheesh. Janet — help me here.

      • TiredOfTheTreadmill June 30, 2017 at 2:15 pm #

        Your assessment is dead on the money. It is as obvious as sunrise. Yet we still have Dems who still are completely befuddled by Trump’s October win. On the other side we have these Trump true believers who think the guy is the greatest mastermind in human history with every move, every word, every tweet part of some grand master plan to kill off the deep state and give the money and power back to the peons. Even though he needs his billionaire buddies to pull it off. He’s doing it for you.

        After watching this shit for decades now, the fact that we are not in utter hopeless collapse already is fascinating.

    • messianicdruid June 30, 2017 at 7:24 pm #

      “You get what you pay for, which lately has been absolutely nothing.”

      You don’t get what you don’t pay for. This has always been true, the rest is simply marketing.

  10. RocketDoc June 30, 2017 at 10:41 am #

    This same luminous thought came to me in 2007but it has only made me a shadow floating unobtrusively through my bustling Potemkin village hometown. I have persuaded no one that our money is imaginary. Yesterdays news was that ALL the banks are now fine. Yellen is unable to imagine a financial failure like we had in 2008. I assume that when the payment system gets kinked we will get an announcement of a guaranteed basic income and we will have to just see how the value of our “money” holds up. I was in Brazil when they converted cruzeiro’s to cruzado’s (or maybe it was the other way round). I had dollars and enjoyed having my hotel get cheaper every night. Perhaps we will try the same trick, go from the “dollar” to the “dolor”, and become an official third world country.

    • BC_EE June 30, 2017 at 11:10 am #

      Very good play on linguistics! Probably means the same in Portuguese as in Spanish, “dolor” means pain.

    • messianicdruid June 30, 2017 at 7:38 pm #

      I think it should be ” dodder “.

  11. Boiledfrog June 30, 2017 at 10:59 am #

    “A fair and decent society.” Is so deeply rooted in my programming I doubt I could ever see America rationally. Even through I’ve seen the incompetence and injustice of the medical and legal systems first hand. I still think cops will treat me with respect. I’m such a dumb ass. We sure are screwed.

  12. San Jose June 30, 2017 at 11:07 am #

    Folks might think that Silicon Valley is awash in cash. No way. Not a single residential side street has been paved in three years. Heavily trafficked streets have been paved–but if you live on a suburban street with houses, chances are it’s breaking apart.

    Last fall, voters approved a new tax to pave our streets, so maybe next year? One neighbor on our street has a stonework/brick business. Occasionally he comes home with a bit of extra patching asphalt and fills in a hole–bless his heart.

    Happy motoring my friends!

    Jen in San Jose

    • Majella July 2, 2017 at 7:14 pm #

      Jen

      Is this the micro-result of the macro-action of Apple, Google & Facebook, which are run by Libertarian-leaning types who object to taxes?

  13. Squeeky Fromm Girl Reporter June 30, 2017 at 11:09 am #

    I don’t think it is the mere printing of money that causes hyperinflation. Which is really the hyper-deflation of the currency. Weimar Germany did not print up wheel barrows full of money, and thus the money became worthless.

    No. the money became worthless, and they had to print wheel barrows full of it to buy bread.

    Sooo, the real question is, why did the Weimar currency become worthless. . .

    My guess is, because there was no production, outside of food, and you couldn’t buy anything with it.

    Squeeky Fromm
    Girl Reporter

    • Billy Hill June 30, 2017 at 11:39 am #

      I think it’s high time in this country that we finally sit down and have an honest discussion about….

      Money and Banking.

      • 100th Avatar June 30, 2017 at 1:02 pm #

        Yes, let’s. Money isn’t real. It’s a human construct not bound to any rules or laws. It has meaning in the minds of people. Meaning, like minds, are constantly changed.

        • Majella July 2, 2017 at 7:16 pm #

          …a point Trump has successfully made when stating his ‘net worth’ – it depends on how he’s feeling at any given point in time…

      • JimInFlorida June 30, 2017 at 4:07 pm #

        C’mon thwack! Put down the 40 and the blunt. It’s your cue to come on stage!

        You’re supposed to say at this point, “It’s high time we finally sit down and have an honest discussion about RACE.”

        In other words, a honest discussion of why Whitey hasn’t surrendered all the White women and paid reparations WITH interest.

    • Sean Coleman June 30, 2017 at 12:06 pm #

      Michael Hudson argues that it was the requirement to pay excessive foreign debts and not (as you also argue) by printing money to spend at home.

      • outsider July 1, 2017 at 9:20 am #

        Sean,
        No matter that this country is dead broke. Israel (a much richer country than ours) will get its billions from us taxpayers every year.

  14. Newton Finn June 30, 2017 at 11:13 am #

    For those interested in a possible solution to our “can’t afford to do what we must do” quandary, I’ll link to an interesting website I recently stumbled upon. The concept of sovereign currency, created and distributed by a national government without linkage to debt, would seem to be worth exploring in this parenthesis between the recent collapse of the globalized central bank money system and the next, even more catastrophic collapse foreseen by JHK and many others.

    itsthepeoplesmoney.blogspot.com/

    • Squeeky Fromm Girl Reporter June 30, 2017 at 11:24 am #

      I think that is what is going to replace the Federal Reserve system in a decade or two,

      Squeeky Fromm
      Girl Reporter

    • thwack June 30, 2017 at 11:33 am #

      Isn’t that what Hitler did?

      • Janos Skorenzy June 30, 2017 at 1:43 pm #

        Hitler also believed that 2+2=4, so therefore it must not be true, right?

        But you’re right Thwack: the economic miracle Hitler enacted when he pushed out the banker parasites is the last thing the Powers That Be want people to know about. The same people have their foot on our throats today.

      • JimInFlorida June 30, 2017 at 4:10 pm #

        Hitler Was Right.

        Everyday, his ghost cries a little louder every day, “You should have listened to me.”

        Not in spoken words sensed by the human ear but, in the accelerating decay of Western society – just as he said it would.

        • outsider July 1, 2017 at 9:40 am #

          Didn’t Patton think that we fought for the wrong side in the Big One?

          • JimInFlorida July 1, 2017 at 1:32 pm #

            Yep, he figured it out, albeit too late.

            When Eisenhower was trying to create a mass genocide of German children via starvation, General Patton ordered milk and food dispensed to them. Very few hear of that story.

            Patton was going to blow the lid on TPTB but, was killed by a staged “accident.”

    • michael June 30, 2017 at 5:41 pm #

      “Distributed by the government…”
      To whom?
      See the problem with the current money printing (based on good intentions) is that it enters the economy at a few points and in an uneven fashion. So if you are close to the system or even able to manipulate it, you will get a much larger share. This is one of the reasons for the widening wealth gap.

      You must have an unshakeable belief in the virtue and probity of government if you believe you can hand the money supply to the politicians with no strings attached.

    • messianicdruid June 30, 2017 at 7:42 pm #

      Usury.

      Those who sow to the wind will reap a whirlwind.

  15. dolph9 June 30, 2017 at 11:14 am #

    Folks, I do not defend blacks. In fact, I’ve tried warning my family about them, to no avail.

    But! What I do recognize is that blacks have a better instinctual sense of what’s going on than whites. Even if it’s just occurring at a subliminal, precortex level, I think blacks correctly understand this whole thing is rigged and corrupt, and they are better off in drugs/crime/welfare or whatever it may be.

    The working and middle class whites are the deluded ones! Never forget that. Look at how dutifully they continue to labor to support this decaying structure called the United States.

    To a certain extent the immigrants are deluded as well, but the immigrants are really just the new barbarians coming in for their share of the loot.

    • marcus1 June 30, 2017 at 11:26 am #

      What was that quote from Jesus? “What you do to the least of me you do to me.” We’ve devolved into a rabble of selfish, self centered, craven individuals. We’ve allowed torture, massive unreasonable searches and siezures, and inhumane treatment of prisoners. The plundering of your assetts is the insult to the injuries we already allowed.

      • 100th Avatar June 30, 2017 at 11:38 am #

        Are you sure it’s not the “Hey Ira, Schlomo, wait ’til they see my fish from a bag trick” quote?

      • Newton Finn June 30, 2017 at 1:43 pm #

        Yes, what theologians call “the preference for the poor”–preference in terms of our responsibility to help address the unmet needs of “the least of these”–is central to the teaching of the Synoptic Jesus, as opposed to the American Jesus. Also central to the former’s teaching are two additional but related issues. First, Synoptic Jesus stands in opposition to all forms of tribalism, which stance is reflected in the diverse, often marginalized people he hung out with, as well as in numerous sayings and parables and the command that we love even our enemies.

        Second (and this ethical teaching is seldom heard these days in institutional Christianity), we are not to accumulate wealth beyond that necessary to meet essential needs and instead should give all excess money and property to the poor.
        The reason for this second ethical teaching is not only to help the poor but also to preserve our own character and integrity. Accumulating “treasure on earth,” according to Synoptic Jesus, will lead to one inevitable result: our hearts WILL gravitate to the power, perks, and prestige that money brings, IF we have too much of it. Thus Synoptic Jesus stands diametrically opposed to American Jesus, who is the poster child for wealth-accumulating, greed-driven neoliberal capitalism.

        For those interested, there’s a new version of the gospel in short story form available on the Kindle, an account of Synoptic Jesus which draws upon modern New Testament scholarship to highlight these kinds of points and distinctions. Search for “Life of Truth: a synoptic gospel,” and ye shall find. The book description and sample are free on the Amazon website, and the booklet itself is available for a buck that goes to urban farmers raising veggies for families facing food insecurity. It might not be your cup of tea, but maybe worth a look.

        • DA June 30, 2017 at 5:53 pm #

          Thanks for that. I’m definitely not a “Jesus person” but the myth and its many variations has always fascinated me. And well they should, as they’re essentially a mirror into western culture and how we got to where we are today.

          • messianicdruid June 30, 2017 at 7:46 pm #

            The Gospel of the Kailedy is also a good one.

            http://www.culdiantrust.org

          • DA June 30, 2017 at 7:54 pm #

            Thanks as well! I’m bookmarking that one.

          • 100th Avatar June 30, 2017 at 9:52 pm #

            Wrong. Nothing western about jesus. Middle eastern bullshit that invaded the minds of the occidental.., and sent them backwards by epochs, as was the plan. Wake up dummies.

          • DA June 30, 2017 at 10:50 pm #

            Wrong. Nothing western about jesus. Middle eastern bullshit that invaded the minds of the occidental.., and sent them backwards by epochs, as was the plan. Wake up dummies.

            Judaism and thinly veiled Christianity are the ENTIRE basis for western civilization, whether any of us like it or not. Better that we all recognize that now and deal with it appropriately.

          • 100th Avatar July 1, 2017 at 11:14 am #

            DA, or Dumb Ass,

            Western civilization existed long before judaism and christianity entered the occident. Have you no understanding of basic classical history?

            You need to recognize that the greeks and romans cemented the basis of western civilization long before the religious nutters of the levant invaded the minds of the minions.

            like it or not.

    • thwack June 30, 2017 at 11:37 am #

      Any nation that can put a man on the moon is also a nation that CANNOT collapse.

      And even if we do collapse I have every confidence white people would replace it with something better.

      White people have a proven track record of doing great and vast things; and solving all sorts of problems…

      skyscrapers and erything.

      Just sayin

      • 100th Avatar June 30, 2017 at 11:42 am #

        Mmmmhmmmm dannyboy

      • marcus1 June 30, 2017 at 12:32 pm #

        No collapse, no emergency, just a slide down the rat hole of history to complete despotism. White people will become the terrorist suspects shortly and enjoy loss of all rights too.

      • Janos Skorenzy June 30, 2017 at 2:42 pm #

        Touching Thwack. I consider this your first effigy of an airplane. You want more cargo! – just like any proper Papuan savage.

        Seriously though, thank you. You know which side your bread is buttered on. It’s obvious why you want to stay, but what do you (plural, generic) offer US? Oh yes, them….

        amren.com/news/2017/06/phillys-first-black-da-shocks-judge-suddenly-pleads-guilty-trial-led-court-ha…

        Among other things, he misappropriated funds meant for his mother’s nursing home care. I’m sure he doesn’t hate his mom, it’s just he knows White people will take care of her and shit. They simply aren’t the material from which Civilizations can be built. They (you) are a liability.

      • michael June 30, 2017 at 5:54 pm #

        Collapse is a real possibility (see the Soviet union which was perfectly capable of putting a man on the moon).
        It will come in an unexpected way due to the complexity and lack of redundancy we have allowed to spread.

        You should read up on the elctric grid. Transformers are built by only a few companies, none american I believe. It takes months to get one. The sun has a nasty habit of spewing forth charged particles and our magnetic field is falling apart as we speak.
        When the grid goes down so does the nation in its current form.

        That’s only one scenario. How about Hanford in Washington state
        or the various biological weapons labs or the nuclear early warning system in times of tension and mutual distrust?

        There is opportunity aplenty.

        • DA June 30, 2017 at 9:20 pm #

          Collapse is already well underway, it’s just that most don’t comprehend it while it’s happening. But you’re right about how it will gradually unfold (in fits and spurts).

          It will come in an unexpected way[s] due to the complexity and lack of redundancy we have allowed to spread.

          Complex integrated systems are extremely efficient, but rarely robust, especially where cost controls are paramount.

        • outsider July 1, 2017 at 9:56 am #

          Per Mr. Kunstler’s friend Dmitry Orlov, when the US collapses it will be far worse than the Soviet collapse. The Russians had an ancient Orthodox culture to fall back on. The USA has none, other than dog-eat-dog.

    • Janos Skorenzy June 30, 2017 at 1:50 pm #

      Yes, Charlie Manson said the same thing. So do I. They are much closer to Nature and understand how the game is played. How can anyone not see how they play Whites left and right, day in and day out? They never believed in Equality – they simply use that to tear us down so they can replace us. After all, an all Black school is “diverse” by the twisted PC logic of the day.

      Ideology makes fools out of Whites. Yet the mental orientation is not wrong, nor the Golden Rule ethos, indeed these are the only things that make Civilization possible. The White Sheep must be protected from the Dark Wolves by White Sheep Dogs, such as the Grand Pyrenees.

      And yes, I’m not forgetting about the White Wolves who run with and often control the Dark Wolf Packs. They have to be dealt with as well. But the strategy on the ground remains the same.

      • thwack June 30, 2017 at 2:19 pm #

        My theory is much simpler, and kinda dovetails off Joseph Tainter’s “Collapse of Complex Societies.”

        As time goes on a system can be refined so much that it begins to confuse not only the people benefiting from it, but even those running it.

        I see signs of this at blogs like Chateau Heartiste.

        They mouth off constantly about how they hate “blacks”; specifically, black males.

        Yet at the same time they also suggest and encourage white men, including each other, to adopt and practice these same niggerish traits and pathologies in order to get laid, get pussy….

        Its amazing to watch these clown contradict themselves.

        Lie, cheat and steal to bang out as many white women as you can; then afterwards call them whores and sluts for sleeping with you.

        You can’t make this shit up if you tried.

        • Janos Skorenzy June 30, 2017 at 2:29 pm #

          Classic (but weak) attempt at inciting cognitive dissonance.

          Blacks eat food,
          We don’t want to be like Blacks,
          So we won’t eat food.

          Hitler believed 2+2=4
          We hate Hitler,
          So 2+2 does not equal 4.

          Obviously women are extremely primitive underneath their Liberal veneers. If Blacks and Muslims helped us to remember what we used to know, yay you. Now get lost before we get really mad.

      • DA June 30, 2017 at 6:26 pm #

        Hey Janos, have you read any of Paul Beatty’s books, The Sellout in particular? I think you’d get a kick out of them. Funniest book I’ve read in A LOOOONG TIME!

        amazon.com/Sellout-Novel-Paul-Beatty/dp/1250083257

        Excerpt:

        Sensing the Dum Dum Donut Intellectuals were dying, Foy had pulled out all the stops and called in who knows what favors. Somewhat surprised the crowd was so small, the three superstars cautiously sat down and, to their credit, ordered coffee and bear claws and participated in the meeting, most of which was spent with Jon McJones regurgitating the usual Republican Party bullshit that a child born into slavery in 1860 was more likely to be raised in a two-parent household than was a baby born after the election of the U.S.A.’ s first African-American president. McJones was a snobby Negro who covered up his self-hatred with libertarianism; I at least had the good sense to wear mine on my sleeve. He went on to cite statistics that, even if true, were completely meaningless when you consider the simple fact that slaves were slaves. That a two-parent antebellum household wasn’t necessarily a bond of love but a forced coupling. He didn’t mention that some two-parent slave marriages were between sister and brother, mother and son. Or that, during slavery, divorce wasn’t really an option. There was no “I’m going out for cigarettes” and never coming back. What about all the two-parent households that were childless because their kids had been sold off to who knows where? As a modern-day slave owner, I was insulted that the venerated institution of slavery was not given the viciousness and cruelty which it was due. “What a load of crap,” I said, interrupting McJones with a schoolboy raise of the hand. “Like you wouldn’t rather be born here than in Africa?” C _ _ _ n _ _ w _ _ _ snapped back with a streetwise inflection that belied his curriculum vitae and his V-neck sweater. “What, here?” I pointed at the floor. “Like in Dickens?” “Well, maybe not a hellhole like Dickens,” McJones said, giving the other guests a “Don’t even bother, I got this” glance. “Nobody wants to live here, but you can’t even pretend to tell me that you’d rather be born in Africa than anywhere else in America.” You’d rather be here than in Africa. The trump card all narrow-minded nativists play. If you put a cupcake to my head, of course, I’d rather be here than any place in Africa, though I hear Johannesburg ain’t that bad and the surf on the Cape Verdean beaches is incredible. However, I’m not so selfish as to believe that my relative happiness, including, but not limited to, twenty-four-hour access to chili burgers, Blu-ray, and Aeron office chairs is worth generations of suffering. I seriously doubt that some slave ship ancestor, in those idle moments between being raped and beaten, was standing knee-deep in their own feces rationalizing that, in the end, the generations of murder, unbearable pain and suffering, mental anguish, and rampant disease will all be worth it because someday my great-great-great-great-grandson will have Wi-Fi, no matter how slow and intermittent the signal is. I said nothing and let King Cuz do my fighting for me. In twenty years, I’d never heard him say anything in a meeting more substantive than acknowledging the fact that the iced tea could use more sugar, but there he was, facing off with a man with four advanced degrees who spoke ten languages, none of them black except French. “Nigger, I refuse to let you impugn Dickens like that!” Cuz said sharply, standing up and pointing a freshly manicured nail at McJones. “This is a city, not a hellhole!” Impugn? Maybe twenty years of Dum Dum Donuts rhetoric hadn’t all gone to waste. To his credit, McJones, despite Cuz’s tone and size, didn’t back down. “I may have misspoken. But I must take exception to your implication that Dickens is a city, when it’s clearly a locale, nothing more than an American shantytown. A post-black, post-racial, post-soul flashback, if you will, to a time of romanticized black ignorance…” “Hey, look, fool, save that post-soul, post-black bullshit for somebody who gives a fuck, ’cause all I know is that I’m pre-black. Dickens born and raised. Homo sapiens OG Crip from the goddamn primordial giddy-up, nigger.” King Cuz’s little soliloquy seemed to impress Ms. R _ _ _, because she uncrossed her ankles, opened her legs just enough to show off some right-wing inner thigh, and then tapped me on the shoulder. “That big motherfucker play any football?” “A little running back in high school.” “??? ??????? ??????,” she said in lip-licking Russian. I’m no linguist, but my best guess is that it meant Cuz could penetrate her secondary anytime he wanted. The old veterano strode into the middle of the donut shop, the rubber soles of his canvas sneakers squeaking with every step. “This, you proudly uncool motherfucker, this is Dickens,” and to some beat that only he could hear, he broke into the complex gangster soft shoe known as the Crip Walk. Never turning his back to the crowd, he pivoted on the balls and heels of his feet. His knees together and his hands free, he skipped around the room in tight concentric circles that collapsed upon themselves as quickly as they expanded. It was as if the floor was heated, and too hot for him to stop in one spot for even a second. King Cuz was debating with McJones the best way he knew how.

        Beatty, Paul. The Sellout: A Novel (pp. 218-220). Farrar, Straus and Giroux. Kindle Edition.

        • Janos Skorenzy June 30, 2017 at 7:31 pm #

          I’m not sure I can take it. I’m still struggling to grok my similarities with Ignatius O’Reilly.

          • DA June 30, 2017 at 7:59 pm #

            Too close for comfort?

          • Squeeky Fromm Girl Reporter July 1, 2017 at 3:33 pm #

            Hey, I know that book! Have you tried any John Fergus Ryan (for egs. The Redneck Bride), or Walker Percy’s “Love in the Ruins.”???

            Squeeky Fromm
            Girl Reporter

          • Janos Skorenzy July 1, 2017 at 7:54 pm #

            Loved Love in the Ruins. I can identify with that character as well. Catholics!

  16. seawolf77 June 30, 2017 at 11:36 am #

    Yup……this clowns followers will never DISLODGE their HEADS OUT OF TRUMPS FAT ASS!!!!!!!!!!!!!!!!!?

    • 100th Avatar June 30, 2017 at 11:40 am #

      See if your psychiatrist can prescribe you a lobotomy for your Hodgkinson’s disease.

    • Billy Hill June 30, 2017 at 11:47 am #

      Not sure which clown you reference but your profundity is eclipsed only by your eloquence.

    • Janos Skorenzy June 30, 2017 at 1:53 pm #

      Pyscho-Sexual sickness here. Exactly what the Left accuses Trump of having in regards to Mika, is what they have in regards to him.

      Mika Mou got what she had coming. She and Joe bullied Trump and he struck back. And every knock is a boost: they’re heroes now to the Seawolves of the World.

      • DA June 30, 2017 at 8:05 pm #

        I think its likely all scripted bullshit – pure entertainment – on both sides.

        • Janos Skorenzy June 30, 2017 at 11:32 pm #

          Yet they cheer as Trump is killed in effigy each night in Manhattan. And Steve Scalise was almost killed. They blathered about “coming together” but the performances did not stop.

          • DA July 1, 2017 at 12:00 am #

            Pure numb-nuttery!

  17. capt spaulding June 30, 2017 at 11:43 am #

    Saw a bumper sticker the other day. It said: “Will somebody please blow Trump so we can impeach him?” Gotta get one.

    • Billy Hill June 30, 2017 at 11:48 am #

      That really does say it all.

      Maybe Maxine Waters will take one for the team.

      • 100th Avatar June 30, 2017 at 12:59 pm #

        She gets them not gives them

    • seawolf77 June 30, 2017 at 11:57 am #

      I’m off to ebay right now to find one.

  18. FincaInTheMountains June 30, 2017 at 11:53 am #

    All polls show that Trump is rapidly gaining popularity and more and more Americans are praising his activity as President.

    yahoo.com/news/donald-trump-more-popular-now-185757831.html

    One of the conclusions following from this fact is that the Clintonoids lose control over the media.

    • bentley12 June 30, 2017 at 12:09 pm #

      Because the “Clintonoids” totally control the media. Right. Except for the Fox propaganda arm of the Republican Party, Limbaugh, Alex Jones, Michael Savage, all the right wing websites too numerous to mention, all of the Christian radio and television networks, National Review, Weekly Standard, the New York Post, the WSJ, and on and on. But the “Clintonoids” are in control. Your false beliefs are pathetic.

  19. seawolf77 June 30, 2017 at 11:56 am #

    “We had the most beautiful piece of chocolate cake that you’ve ever seen.” Almost every deal in the “Art of the Deal” was bad. Only the ice rink was good. The USFL deal. The USFL lawsuit. The casinos. Flop. Flop. Flop. The “Time” cover was the most gilded lilly in the history of the world.

  20. FincaInTheMountains June 30, 2017 at 11:57 am #

    Why for every smart ass there is a dick with a screw

    This video shows missile defense is basically useless against Russian or North Korean nukes

    youtube.com/watch?v=gNSR7dXHdCY

    • DA June 30, 2017 at 8:08 pm #

      Missile defense has always been a propaganda canard. Especially in the case of a full scale nuclear exchange, where even a few misses can still be catastrophic.

  21. bentley12 June 30, 2017 at 12:00 pm #

    Dolph wrote, “I do not defend the blacks”. Phew. Glad we got that settled. Black president gets mocked and disrespected for eight years. White president comes in, continues to mock and disrespect former black president. Notice a pattern here?

    • pequiste June 30, 2017 at 12:19 pm #

      Barry O. helped things along quite nicely, in fact he was the catalyst that brought Donald J. Trump to the decision to run for president:

      youtube.com/watch?v=JI7hiCc5G_w

      Even tho’ both men are/were tools of Goldman Sach’s watch now as Trump dismantles the Obama legacy.

  22. pequiste June 30, 2017 at 12:04 pm #

    I like to ruminate on which soundtrack would best accompany today’s missive:

    Pink Floyd’s “Money”? youtube.com/watch?v=-0kcet4aPpQ

    O’Jay’s ” Money, Money, Money”?: youtube.com/watch?v=Ll3uipTO-4A

    Steely Dan’s “The Royal Scam””: youtube.com/watch?v=lRjItDLnAwc

    I can’t be overdrawn, I still have checks in my checkbook. ( Doesn’t work on the individual level but just fine for governments everywhere.)

    As long as there is ammunition, fuel and food for the U.S. Department of Defense and the Fed can act ad libitum all financial systems are good to go — that is unless the electrical power grid should fail for some natural or man-made reason. That’s the TEOTWAWKI.

    While the other tunes are classic and great I always come back to the Steely Dan.

    • Janos Skorenzy June 30, 2017 at 1:58 pm #

      One time I read an article where it warned people that when the power goes out, they won’t be able to use ATM’s to withdraw Cash. Why, that’s True!

    • DA June 30, 2017 at 8:12 pm #

      As long as there is ammunition, fuel and food for the U.S. Department of Defense and the Fed can act ad libitum all financial systems are good to go — that is unless the electrical power grid should fail for some natural or man-made reason. That’s the TEOTWAWKI

      Another powerful argument in favor of an all digital currency, from the elites’ perspective anyway. A financial crisis can be engineered and blamed on a power grid failure. Oops!

    • daveed June 30, 2017 at 11:49 pm #

      You’ve been telling me you’re a genius since you were seventeen…

  23. JohnAZ June 30, 2017 at 12:32 pm #

    Arithmetic!
    When the wealth producing elements of any society becomes smaller than the wealth taking elements, debt accumulates. Debt breeds debt.The Federal debt at near 20 trillion dollars is a black hole. But it is like the tip of the iceberg. States, locals, and personal debt are ginormous also. Who really thinks that this will be repaid? What is going to start to bring it all down is the mass belief that we really do have to balance the budget and pay off the debt. Just like in a household budget, when we finally get serious about dealing with our personal debt, either bankruptcy ensues, or we sacrifice our wants and needs for a while to pay our creditors off. Now on the national level, how many people are willing to sacrifice to get our debt situation in control. We cannot even agree on healthcare.

    • bentley12 June 30, 2017 at 3:46 pm #

      Debt accumulates when the wealthy and the hugely profitable corporations refuse to pay their fair share of taxes.

      • messianicdruid June 30, 2017 at 8:12 pm #

        Debt accumulates when money is loaned at usury. The rest is obfuscation.

    • DA June 30, 2017 at 8:22 pm #

      The Federal debt itself is largely imaginary, in that is how The Fed creates money – by issuing debt. And no one in their right mind should ever wish for it to be repaid – in it’s current form at least – for that would mean most of the US money supply would vanish.

      That said, abolishing the Fed overnight and returning the privilege of issuing currency to where it belongs – The US Treasury – would allow us to eliminate the interest payments and privileges extended to bankers for essentially owning our currency and eliminate the confusion and political subterfuge surrounding our mythical “debt.”

      Notice that debt concerns NEVER extend to the military or the national police state or tax cuts for the already obscenely wealthy, nevermind Wall Street bankster bailouts. Now why could that possibly be?

      The US “debt” is a fucking canard.

  24. elysianfield June 30, 2017 at 1:01 pm #

    Well, ladies and germs;

    Today is the last day of “normalcy” for Illinois…the state is virtually bankrupt, and the state bonds, as of tomorrow, achieve junk bond status…what will happen?

    A Swan…either someone will step in with a solution, or the state might implode. Yes, there will be Swans…question is…

    What color are they?

    A white knight (Swan) will bring a bit of fiscal relief.

    A black Swan (Schwanz) will bring otherwise.

    As Thwack might opine…Black Schwanz are much larger an issue.

    just sayin’

  25. janet June 30, 2017 at 1:03 pm #

    “What is going to start to bring it all down is the mass belief that we really do have to balance the budget and pay off the debt.” –johnaz

    What is going to bring down the debt is to stop spending a Trillion dollars a year on “defence” (we are at war in 14 countries which have never attacked us) and “intelligence” (responsible for secret armies, secret black site prisons, kidnapping and torture.

    • Squeeky Fromm Girl Reporter June 30, 2017 at 2:00 pm #

      Yeah, because we could be giving that money to black hoodwhores to pop out more illegitimate kids by more baby daddies!

      And then to the Prison Systems to lock up the little savages they raise!

      Yeah, that’s the ticket!

      Squeeky Fromm
      Girl Reporter

    • daveed June 30, 2017 at 11:51 pm #

      Agree.

  26. Bro Jobe June 30, 2017 at 1:13 pm #

    JHK is either as off on this as he was for a few years on his “DOW 4000” predictions, or…he’s right.

    I think, in this case, he’s more likely to be right. I get this sense of a vast illusion soon to be dispelled. We’ll realize our money is mostly electronic phantoms, our “full faith and credit” squandered. What depresses me most is the correct assessment JHK makes here:

    “American people, by and large, have no more idea how false and fragile the financial arrangements of the nation are than the average eight-year-old has about why the re-po squad is towing away Daddy’s Ford-F150. ”

    This is not the volatile DOW. It’s the rot at the center of our way of doing things and all of us share some blame because Americans, after 1970 or so, began to believe that we could get “something for nothing.”

  27. peak_a_boo June 30, 2017 at 1:23 pm #

    Finally someone is using good name calling – Tweety-Bird-in-Chief . I like to call him tweety-bird trump.

  28. FincaInTheMountains June 30, 2017 at 1:27 pm #

    Former director of the FBI Comey, who was going to arrest Trump on April 5, made a deal with justice

    abcnews.go.com/Technology/wireStory/latest-senators-states-reveal-election-hacking-48332443

    That means that the Clintonoids lose control not only over the media, but over the legal system of the United States as well.

    The only playground for their provocations remains Syria, Ukraine and the Baltic states.

  29. wm5135 June 30, 2017 at 1:45 pm #

    Just conjure up an image of the fall of Saigon.

    Then picture a few private airstrips around the beltway. McConnell, Cornyn, Schumer, Durbin, Ryan, McCarthy, Pelosi and Hoyer on their knees on the tarmac, with tears streaming as the last private jets lift off and leave them to their fate. Prostitution has never really been glamorous.

    • DA June 30, 2017 at 8:35 pm #

      Now THERE’S some positive visualization! Thanks for that!

  30. tucsonspur June 30, 2017 at 2:09 pm #

    What’s in a tweet?
    Surely the Left in one
    Shouldn’t smell so sweet
    So why be discreet?

    The Left is watching their ship of diversity and political correctness, carrying the likes of Obama, Schumer, Pelosi, Clinton and yes, Kamau Bell and the “United Shades of America” being shattered on the Shoals of Tweets. And none can swim in the new political ocean.

    For them, it all has to be smooth, slick, and polished so the Right can be demolished.

    Sink this ship of fools, Mr. Trump. Put the hysterical, panicked pack out of their misery. Sail on, Trump! Sail on!

    • capt spaulding June 30, 2017 at 2:19 pm #

      That’s right. Straight on into the wolfpak that’s waiting.

      • tucsonspur June 30, 2017 at 4:34 pm #

        That is right. From the German, “rudeltaktik”, “or tactics of the pack of animals”. Wolfpack.

        It will take a pack. In their feral frenzy they seek a Karl Donitz, maybe from the deep state. Stealthy and sneaky, sink him from below, hard turn to starboard, let the torpedoes go!

        No need to worry, they’re headed for defeat, he’ll sink them all with the depth charge of the tweet.

        • MrTibbs June 30, 2017 at 9:44 pm #

          “No need to worry, they’re headed for defeat, he’ll sink them all with the depth charge of the tweet.” -tusconspur, June 30, 2017.

          The unity expressed by Congressional Approval of 8 Trillion dollars over 16 years in trade in the effective arms of destruction allows for a multidimensional game of chance, strategizing, tactics, financing, contracting, manufacturing, employing, deploying, importing, exporting, abstraction, distraction, propaganda, conquest, destruction, death, influence peddling, bribery, extortion, kickbacks, racketeering, treason, sedition, and corruption.

          And those headed for defeat are the comprised assets complicit in the above.

          -T

          They Call Me Mr. Tibbs.

  31. FincaInTheMountains June 30, 2017 at 2:19 pm #

    In 2008 the US financial system, rather than crushing the crisis in its embryo, as did the UK, began to settle political scores between the Clinton clan on one side, and alliance of Bush clan and the Kennedy clan on the other, which was manifested in the refusal to provide financial assistance for the liquidation of toxic debts to conservative Lehman Bothers while providing unlimited help to much, much riskier Bear Sterns.

    And of course it was the Lehman Brothers that used Bushes money to finance the election campaign of Barack Obama against Hillary Clinton.

    This frightened the bankers that the crisis would continue to be used to settle political feuds, and this fright created a new stage of the crisis – a crisis of confidence in the financial system as a whole. Banks sat down on money and began to sit on them, refusing to lend to industry and trade, even for well-founded projects.

    So as long as Trump will be able to consolidate (or crush) the political elite under his vertical of power, which he is accomplishing right now in front of our eyes, I wouldn’t worry about financial crisis.

  32. bukowskisghost June 30, 2017 at 2:23 pm #

    This blog has been a one note samba for quite some time.

    • DA June 30, 2017 at 8:36 pm #

      That’s all you’ve got? Play a different tune and see if anyone dances.

  33. RobH June 30, 2017 at 2:23 pm #

    I heard the best fix was to charge the national debt on Amex and then phone in and say the card had been stolen

  34. Janos Skorenzy June 30, 2017 at 2:23 pm #

    dailystormer.com/13500-pension-payers-swamp-italy-within-two-days/

    Full on Camp of the Saints scenario in play now. Replacement levels of “immigration” (invasion).

    Why doesn’t Seawolf do something? At least ram the Soros Ships with his Gilligan Dinghy? He’d rather rave about Trump or if Italian, Berlesconi.

    How much money have we squandered on NATO? For what? For what?!

    • FincaInTheMountains June 30, 2017 at 2:26 pm #

      How much money have we squandered on NATO? For what? For what?!

      Exactly. Suckers!

      Europeans are always delighted to fight till the last american. (or the last ME migrant)

  35. thwack June 30, 2017 at 2:51 pm #

    I know Im supposed to be offended and all that…

    but when Trump acts niggerish and ghetto, I kinda like it because it betrays the fact that at the end of the day, he’s just another swingin dick; despite his billions, private school, all his wealth…

    Sometimes,

    when they go low?

    You gotta go lower.

    Just sayin

    • bentley12 June 30, 2017 at 4:14 pm #

      Bet you wouldn’t have liked it for one minute if Obama had “acted all niggerish and ghetto”. But whites can just act any way they want, right?

      • thwack June 30, 2017 at 4:43 pm #

        Not necessarily.

        I think the point Im trying to make is there is something masculine about behaving in a manner opposite of the one your lessors think you should choose?

        You just have to know who your lessors are?

        • thwack June 30, 2017 at 6:14 pm #

          Who’s the orange private dick

          That’s a troll machine to democrat chicks?

          (Trump)

          You’re damn right

        • elysianfield June 30, 2017 at 6:15 pm #

          Thwack,
          Or the corollary;

          “There is something civil about behaving in a manner your “betters” think you should.”

          You, of course, know who your “betters” are….

          Just wishin’ and hopin’ and thinkin’ and dreamin’

        • Janos Skorenzy June 30, 2017 at 7:47 pm #

          A Negro (no doubt showboating) gave an elaborate greeting and tip of the hat to Jefferson and his son. Jefferson gave an enthusiastic greeting in return. When questioned by his son he said, You cannot allow them to be more polite than you.

          I’m not sure how that jibes with your point or if it does, but it certainly does with elysian’s – a competition of civility display.

          I like your point too though. The old Roman commanders always acted with dignity and decorum in front of the Legion. In contrast, the Viking chiefs would do displays of strength and agility – like leaping from oar to oar outside the ship as it approached the home harbor. Trump is a Viking in an America that has always modeled itself after Rome. The Founders loved Cicero and Jefferson and Adams talked about crushing the Gallic barbarians to the North (New France or Quebec).

          Since our Civilization has failed, it’s fitting that we adopt the ways and means of our Northern Barbarian forbears.

          • DA June 30, 2017 at 8:40 pm #

            I’m not appreciating your Trump as Viking metaphor Janos, especially when it comes to feats of strength and agility – either physical, mental, or political.

          • Janos Skorenzy June 30, 2017 at 11:38 pm #

            You’ve missed so much then. In his youth and middle age, he was one of the most handsome men in the world – and the most desirable, money being the ultimate turn on for women.

            His thumos or fighting propensity (Gk) has been sublimated into business, having been born into the wrong caste. The man is an obvious Ksyartria or Warrior. Perhaps if he had stayed in the military school we would have had another Patton. But Duty, the family business, called and he answered.

          • DA June 30, 2017 at 11:58 pm #

            You’ve missed so much then. In his youth and middle age, he was one of the most handsome men in the world – and the most desirable, money being the ultimate turn on for women.

            You are right about that and I didn’t miss it. He WAS quite a dashing figure in his youth/middle age. I’ve never bought into the idea of sublimating that energy at the expense of the essential life force though. Putin is a MUCH better example in that regard!

  36. aibohphobia June 30, 2017 at 4:00 pm #

    The Bible prescribes a “Jubilee Year” every 49th year, where all debts are cancelled. So far as I know, its never been tried, and while it was a much different agricultural civilization then, some version of it could be tried–
    What if, in 2008, all the trillions of funny money had been used to cancel the debts of everyone, small to large, instead of paying off the banksters? –Well, the banks would still have gotten their ‘money’ in the form of debts paid off. Everyone would now be living in a paid off house, driving a paid-off car, with paid-off credit cards. WTF, lets throw in a year of pre-paid rent for those who rent too–
    Would that have been a better outcome than what we got, and what we have now? In the next banking crisis, would it possibly still work?

    Not saying any of the PTB would allow this to happen, just wondering, if tried, whether it would give a better outcome.

    • thwack June 30, 2017 at 4:45 pm #

      Isn’t that the same as a big world war with all the dead paying and canceling their debts at the same time?

    • tucsonspur June 30, 2017 at 5:20 pm #

      So the taxpayer’s would be paying off their own debt, or, the taxpayer who had no debt would be paying off someone else’s debt?

      Would debt the rich held be paid off?

      Currently, household debt is around 13 trillion dollars. I don’t think the 2008 bailout amount came near that number, with the debt level being about the same back then.

      Every cycle, skyrocket your debt, then get bailed. Nice.

      Once done, everyone would probably go on a buying binge, and again drown in the drudgery of debt.

      We are on the fringes of socialism here, so I’ll leave that thought and any inflationary concerns, immediate or distant, to your reflection.

      • messianicdruid June 30, 2017 at 10:22 pm #

        You can’t pay off [ settle ] debt with money that *is* debt.

        No one who knows a jubilee is coming will loan money due beyond it.

        The trick is to get everyone on the same page. Until we *all* acknowledge legitimate authority, expect chaos.

        • tucsonspur July 1, 2017 at 3:18 am #

          Okay, if you owe 3 thousand dollars I won’t pay it off with the 5 grand I just borrowed.

          Right, take out say, a 500K 30 year mortgage just before this so called jubilee! Jubilee Jackpot!

          • messianicdruid July 1, 2017 at 10:11 am #

            I’m telling you it is simply NOT going to happen. If there is a Jubilee in seven years all loans will be for six years or less.

            If you borrow to pay off a loan you have nothing but debt. You will not get a loan.

    • cbeard July 2, 2017 at 6:55 am #

      Concerning the aforementioned “Jubilee Year”. Yes, just wipe the slate clean. You don’t owe me and I don’t owe you anything. No more funny money bullshit. It would probably again devolve into some other kind of crisis. But its just another pipe dream anyway.

  37. bentley12 June 30, 2017 at 4:04 pm #

    We have not “squandered” money on NATO. We have kept the peace in Europe for seventy years. We have provided American arms manufacturers billions of dollars in profit. We have provided livelihood to millions of military officers and enlisted. We have provided well-paying jobs to Americans working for defense contractors. We have provided for trade with Europe. But now you right-wingers want to smash all of that with Brexit and the rise of white nationalism. When Europe busts apart and wars break out between Putin and former NATO countries, see where that will get you.

    And as to the national debt, it’s too high for two main reasons: Bush took us into two unnecessary wars on a credit card, and he reduced taxes. Now we have highly-profitable corporations paying next to nothing in taxes (forget what that official rate is, no corporation pays close to that amount) and the super are not paying their fair share. A vast amount of wealth has been transferred to the top. The super wealthy are the real”takers” in this society, not people on food stamps or Medicaid being tossed a few crumbs. Get real.

    • Billy Hill June 30, 2017 at 4:41 pm #

      You mean Zuckerberg? Bezos? The boys at Google? Apple? The grandfatherly Buffett?

    • michael June 30, 2017 at 6:10 pm #

      Nato has left nothing undone to provoke Russia while breaking every promise made to Russia (e.g. when Russia agreed to German unification). Nato actions cannot be interpreted otherwise than to goad Russia into a shooting war based on hubris and a conviction that Russia can be defeated.
      But when the nukes come tumbling in a sober mood will spread over all the lands.

      • Janos Skorenzy June 30, 2017 at 7:35 pm #

        Yeah, what is the North ATLANTIC Treaty Organization doing deep in Eastern Europe?

    • Janos Skorenzy June 30, 2017 at 7:38 pm #

      I thought you were for the rights of Indigenous Peoples? Why should Black Africans, Arabs, Moors and Turks take over Europe? Your hypocrisy and Anti-White bias is showing.

    • elysianfield July 1, 2017 at 4:54 pm #

      “And as to the national debt, it’s too high for two main reasons”

      Bentley,
      Describing the national debt as being “too high” is like saying the Germans may have committed “some indiscretions” at Auschwitz… The current level of the National Debt is the Wrath of God….

    • cbeard July 2, 2017 at 7:13 am #

      Nato is now obsolete, if it ever had any relevance. I wonder what percentage of the workforce is employed in well paying defense contractor jobs. I’ve never worked for one. Brexit and white nationalism are necessary for the survival of man. Europe is toast due to the utter stupidity of their immigration policy. As to the national debt, it goes back way beyond Bush. If the wealth is not distributed more equitably, then chaos will result. Still the biggest problem on the planet is overpopulation. This post is for bentley12 and his/her/its 6/30/17 4:04pm comment.

  38. Pucker June 30, 2017 at 5:04 pm #

    Illinois seems to have 6 nuclear power plants, including the Clinton facility, which, perhaps appropriately, was behind schedule in construction, and suffered huge cost overruns. I hope that Illinois’s budget imbroglio doesn’t create nuclear power safety issues?

    The Clinton Power Station is located near Clinton, Illinois, USA. The power station began commercial operation on April 24, 1987 and has a nominal gross electric output of 1,098 MWe. Due to inflation and cost overruns, Clinton’s final construction cost $4.25 billion ($8.96 billion today), nearly 1,000% over the original budget of $430 million and seven years behind schedule.[1]

    • Billy Hill June 30, 2017 at 5:36 pm #

      Not to worry! Nuclear power generation is inherently unsafe! No issue about that at all!

      Aside from the state public service commission the Nukes are watched closely by the various federal entities who ensure that there will be enormous cost overruns should one find oneself unlucky enough to be involved with a construction project. Just ask what’s left of Westinghouse. Or Toshiba.

      • cbeard July 2, 2017 at 7:23 am #

        Yes, Westinghouse and Toshiba are the first of many bankruptcies in the state of Georgia. There is a surprisingly long list of investors in the new reactors who are primed to lose their ass.

  39. Pucker June 30, 2017 at 5:07 pm #

    Little Billy may not know why Daddy’s pickup truck is being re-po’d, but, for some bizarre reason, it seems that the American people do know about the Russians hacking the election, which appears to be a totally baseless distortion and fabrication, particularly in a world where they have a record of what everyone (especially Trump) says on his/her mobile phone.

    “The American people, by and large, have no more idea how false and fragile the financial arrangements of the nation are than the average eight-year-old has about why the re-po squad is towing away Daddy’s Ford-F150. “.

  40. janet June 30, 2017 at 5:33 pm #

    “the taxpayer who had no debt would be paying off someone else’s debt?” –tucsonspur

    Tucsonspur, in debt forgiveness money is not involved. If I buy a $5,000 car from you and pay $4,000 then I have a debt of $1,000.

    If you say you forgive the debt, that is the end of it. No one has to pay off my debt. No money has to change hands. In debt forgiveness no one has to “pay off someone else’s debt” … debt is abstract, not real. It ca disappear in an instant with a simple change of mind of the lender.

    • tucsonspur June 30, 2017 at 6:04 pm #

      In the post I responded to, bankers were being paid off. They were not forgiving any debt.

      You incorrectly assumed total forgiveness. I guess you should try to convince the bankers that debt is just an abstraction.

      Really, though? An abstraction to those who have actually committed suicide under its burden? To the student suffering under its weight? To the family juggling bills, so it can eat? Please.

      • janet June 30, 2017 at 6:12 pm #

        Sorry. Jubilee is debt forgiveness. Aiohphobia said: “The Bible prescribes a “Jubilee Year” every 49th year, where all debts are cancelled.”

        • tucsonspur June 30, 2017 at 8:34 pm #

          Okay, it’s all clear now. The bible, jubilees, every 49th year, not 50th, ALL debt is forgiven.

          This July 4th, the “jubilee” will begin. ALL debt is “forgiven”. Not paid. Will the aftermath be an abstraction? Tell me, what do you think will happen?

          • DA June 30, 2017 at 9:09 pm #

            The current debt-based economy is fully integrated, so first of all, a simple debt jubilee would not be so simple. It would have to be prepared for months (at least!) or years in advance, and thus would be highly politicized. Like the great unwinding/deleveraging Jim speaks of above, even something as simple as a debt jubilee would hardly be a simple thing to pull off. That’s the root problem with fully integrated complex systems in general – they’re extremely fragile to unexpected – good, bad, or indifferent – inputs!

          • JimInFlorida July 1, 2017 at 1:10 pm #

            The fiat usury money supply rests entirely on interest-bearing debt and the barrel of a gun to protect key interests in that paper.

            If the debt were forgiven, the money would instantly vanish and be worthless. There would be a massive demand by TPTB to recover property and real estate. To avoid total societal chaos, they will have to be told NO. The Top 1% will have to eat the losses. TPTB will hire mercenaries to help them claw back what they had legally stolen. Civilization is lost at this point.

            The best way to forgive massive debt as you suggest is to first secure the people in their homes. That means awarding Allodial Title to the homeowner AND THE LAND his home sits on. That makes the homeowner a sovereign. A huge amount of debt paper is destroyed and many banks will go down. That is the first shock but, people will survive because their homes are secure.

            Renters will have to be protected by rent controls and means-testing on the rent to be paid. Any financial paper being floated on the backs of renters will just have to be eaten by the holders.

            Because the above two actions will freeze existing inequality in place, a national evaluation of real estate will have to be done. This evaluation will be used to create Equalization Bonds (EB) to adjust the wealth distribution curve and restore wealth stolen from the bottom 90%. The EB’s will be backed by 80% of the holdings by the Top 1%. Those in the Top 10%-2% bracket will stay as they are. The EB’s can only be cashed out as the stolen wealth from the Top 1% is liquidated. For those sitting on their EB’s, they can accrue 6% yearly.

            Once people are secure in their homes and belongings, THEN the Great Debt Forgiveness can be done. First order of business is to destroy all financial derivatives. Only hard copy stocks and bonds will be permitted to continue and they must be held at least one year before trading. This will force the entire financial machine into detox and restore the paradigm similar to what existed under the New Deal.

            Gresham’s Law can be defeated by political will and ability to process the losses. Once all past claims are destroyed, then the reemergence of a multi-metal currency can be brought back. Copper, silver, gold, commodities. A new international Bretton Woods treaty regulating the ratios, values, and exchanges will have to be passed.

            In time, America 1960 can be brought back.

    • SvrzoH July 1, 2017 at 2:55 am #

      Not that simple.
      In some instances your contract was “worth” $5,000, and invested as such in some ‘financial vehicles’ which could travel all the way to some pension funds investment, for example.
      Making a decent living by using my knowledge only, this is the best take on what I have learned and did not know prior to 2009-2010, of what ‘other’ people do.

      • SvrzoH July 1, 2017 at 3:35 am #

        Thus Catherine Austin’s: “Who wants to push the red button (and unravel all financial construct)?” is followed by dead silence.

    • Squeeky Fromm Girl Reporter July 1, 2017 at 3:39 pm #

      Hmmm! Lightbulbs!!! Why don’t you loan me $5,000, sooo I can buy a Gibson 335 guitar, and take a few lessons! I promise you I will treat your debt as “abstract”, knowing that you are sooo kewl with that!

      Squeeky Fromm
      Girl Reporter

      • cbeard July 2, 2017 at 7:32 am #

        My brother has an old 335, but I think it would take a little more than 5G’s to get him to part with it. I have an old L-50 acoustic archtop I might take 5G for. I’ve tried to give lessons, but I’m not a good teacher. Maybe I’d rather have my guitar than the money on second thought.

  41. Ishabaka June 30, 2017 at 5:42 pm #

    Two activities that indicate a sense of optimism about the future:
    1. Exercise
    2. Study
    Just finished some exercise, going to study now.
    For all the doom and gloomers – heroin makes you feel really good for a short while until global warming/global banksters/Russian hackers/Zionists/Negros/Rich Whites/Democrats/Republicans/Martians destroy human life on Earth.

    • elysianfield June 30, 2017 at 6:04 pm #

      “…And that might not be a bad thing”

      Thank you, puck.

    • thwack June 30, 2017 at 8:22 pm #

      What about playing guitar?

    • DA June 30, 2017 at 9:02 pm #

      I exercise all the time and try to study as much as I can (admittedly not as much as I should). Doom and gloom is not necessarily “wrong” or “bad,” as long as it accurately reflects the “facts” and/or the user’s legitimate observations/feelings.

  42. Pucker June 30, 2017 at 7:18 pm #

    The license plate of Bill Clinton’s first inauguration limousine:

    “Hope 1”

  43. BackRowHeckler June 30, 2017 at 7:53 pm #

    “I sense a lack of love here (in the CFNation); a lack of love in our fellow man.”

    brh

    • DA June 30, 2017 at 8:58 pm #

      Fair statement. We’re a pretty hateful bunch these days, ain’t we?

  44. Janos Skorenzy June 30, 2017 at 8:18 pm #

    amren.com/news/2017/06/video-restaurant-owner-teenage-daughter-brutally-attacked-cold-chicken/

    This is how Blacks act with full stomachs. Imagine how they will act when starving.

    These are the good old days compared to what is coming.

    • thwack June 30, 2017 at 8:20 pm #

      Well, according to the bible, the first human on Earth was a murderer.

      Just sayin

      • malthuss July 1, 2017 at 1:20 am #

        Adam?

        • thwack July 1, 2017 at 11:15 am #

          No,

          Cain.

          Adam and Eve don’t really count because they were made by God.

          • elysianfield July 1, 2017 at 11:28 am #

            “Adam and Eve don’t really count because they were made by God.”

            …So I’m told….

            What color were they?

            Just…curious….

          • thwack July 1, 2017 at 1:01 pm #

            According to the book, Adam was fashioned from the dust of the Earth.

            But since he was a simp who couldn’t control his woman; I kinda suspect he was white.

            Just sayin

          • Janos Skorenzy July 1, 2017 at 2:42 pm #

            There were two creation narrative in Genesis. One is the general where the elements were created and allowed to do their thing, i.e evolve. The other was the special creation of Adam and Eve and the Garden, where he blew in Adam’s face making him more than just another beast or beast in the form of a man.

            Where did Cain get his wife? From the Beast Daughters in East of Eden. Thus the eternal discord between the Sons of Adam, the True Men and the Sons of Cain, the Legions of Beasts and of the Beast.

          • elysianfield July 1, 2017 at 4:43 pm #

            “But since he was a simp who couldn’t control his woman; I kinda suspect he was white.”

            Thwack,
            Excellent analysis.

            “What do you say to a woman with two black eyes?”

            “Nothing, of course, you already told her twice….”

          • thwack July 2, 2017 at 7:11 am #

            Where did Cain get his wife?

            ******************

            Yeah, the question every child had, growing up?

            I know I had it; but I was afraid to ask because my mom shot me when I was 7.

            But there is another explanation.

            Adam and eve had more children, and Cain later married his sister.

            Yes, it was incest, but since they were ALMOST perfect, they didn’t have the typical inbreeding problems you or I would have if we slept with a sibling.

            But even if you accept Janos’ racist explanation, you are still stuck with the fact that the first white man was a murderer who killed his own brother out of jealousy, spite and envy.

            Just sayin

          • thwack July 2, 2017 at 9:23 am #

            More reply to Janos

            The assumption seems to be that Cain and Abel were the first two children of Adam and Eve. Although Cain does seem to be the firstborn, the text is not clear that Abel was the second born, but only that he was the second son.

            Later, the narrative indicates that Adam and Eve produced “other sons and daughters.” So, it is possible that Adam and Eve produced daughters between the births of Cain and Abel. It is also likely that others sons and daughters were produced after the birth of Abel.

            We don’t know how old Cain and Abel were when Cain murdered his brother, but they seem to be at least young adults, since they are both engage in a trade for their living. The second thing one notices is Cain’s seeming paranoia about being found and revenge being taken against his for killing Abel.

            The only way this makes sense is if the brothers and sisters of Abel were upset that Cain had killed their brother. Although the period of time between the birth of Cain and the death of Abel is not given in the Bible, it would seem that this period was probably over 100 years, since the birth of Adam’s next son, Seth is said to have occurred when Adam was 130 years old.

            Adam and Eve could have produced many daughters during that period of time.

            godandscience.org/apologetics/cains_wife.html

            Just sayin

    • DA June 30, 2017 at 8:54 pm #

      Ahh, but the beauty of the crime your mostly white capitalist masters perpetrate every day is that it’s incremental (in very small units), obfuscated behind countless layers of business and accounting jargon, and thanks to the power their riches allow them to exert, almost completely legal. And when it’s not, they simply buy the judges and/or politicians to make it thus.

      Yes the criminal poor among us are still stuck in the short game, and that’s their only real crime. The rich have always known that the long con is where the money’s at! We human monkeys of whatever stripe aren’t nearly as clever as we imagine ourselves to be. All ANY of this money exchanging non-sense has EVER been about is robbing Peter to pay Paul. The best call themselves “rich,” when in fact they’re simply the most criminal. The poor emulate the rich under the misguided notion that they might somehow save themselves.

      The truly wise find a way to avoid the game altogether and simply live contentedly. Not too many of those around these days, is there?

  45. dolph9 June 30, 2017 at 8:45 pm #

    That’s correct, blacks are incapable of moving down in lifestyle. They decide at that point to blame everything on whitey and resort to crime.
    Meanwhile social services, prisons, and healthcare keeps them going so they can drain maximum amount from the system.

    Neither are the wall street or corporate psychopaths capable of giving anything up.

    So, by the process of elimination, what group in America is going to take it up the rear end for the next 30 years? Right, working and middle class whites, the same ones who have taken it up the rear end for the past 30 years.

    • DA June 30, 2017 at 8:57 pm #

      I would argue that crime is actually a rational life choice in the current social environment. The rich are every bit as criminal as anyone else out there, they’ve just (wisely) bought the pols off to legalize their bullshit. We now (and have for some time) live in the professional criminal economy.

    • thwack July 1, 2017 at 12:14 am #

      “blacks are incapable of moving down in lifestyle.” — uglph9,

      ********************

      how can blacks move down in lifestyle when they are on the bottom?

      Just sayin

  46. pequiste June 30, 2017 at 8:51 pm #

    Thwack asks:

    “Who’s the orange private dick

    That’s a troll machine to democrat chicks?

    (Trump)

    You’re damn right”

    youtube.com/watch?v=cEaRCAcfOEQ

    Not only a classic movie theme by Issac Hayes but also the name of the “thing” we are going to get when the big government casino shuts down. Everyone. With. of course, the exception those 1%ers with private jets, mega yachts and a private Polynesian island or schloss in Switzerland.)

  47. janet June 30, 2017 at 10:19 pm #

    Did anyone notice today Trump reversed himself on all his campaign promises about saving Medicare, Social Security, and Medicaid? Those were useful lies to con people into voting for him. Today Trump proposed immediately taking away 32 million people’s health care insurance without a replacement plan.

    • JimInFlorida July 1, 2017 at 9:15 pm #

      I’m not surprised. Trump is only following Obama’s example.

      How soon we all forget about how Obama completely and utterly betrayed his supporters. Obama seamlessly transferred the full PNAC and Bush-Cheney Police State agenda into his Administration and then expanded both.

      BTW, I voted for Darrell Castle of the Constitution Party in 2016. My hands are clean.

  48. wm5135 June 30, 2017 at 10:27 pm #

    Why do you think they invented KY Jelly?

    • elysianfield July 1, 2017 at 12:29 am #

      Wm

      Uhh, baby oil in the ghetto….

  49. DA June 30, 2017 at 10:39 pm #

    Just a note to all my fellow “Kunstler Contrarians,” at the ripe old age of 59 years and 6 months or so I have finally became a member of “Prozac Nation.” After a minor meltdown at work this week, I FINALLY accepted the fact that if I was going to continue to shoulder the burden of corporate America in exchange for keeping my personal debt burden rolled over and alive, it was simply inevitable. I’m told that 6 weeks or so is the magical number to observe meaningful results, so we’ll see by Labor Day for sure.

    Comments, observations, or personal slander? Buehler? Buehler? Buehler?

    • janet June 30, 2017 at 11:07 pm #

      You are doing the right thing, very courageous of you. If by Labor Day there have not been significant changes, don’t hesitate to take the off ramp.

      • DA June 30, 2017 at 11:20 pm #

        Thanks janet.bot. Prozak is supposed to be the “safe one.” We’ll see.

      • DA June 30, 2017 at 11:28 pm #

        Funny , because some have speculated that this song is about that very subject:

        dailymotion.com/video/x22xtlk_the-eagles-no-more-cloudy-days-live-2005_music

        Glenn Frye was of course a (legitimate) heavy user of pain killers and very likely anti-depressants as well in the latter years of his life. Life is hard and then you die as the old saying goes, but few of us realize how long a few painful years can last in the modern day without the help of a few modern psychotropic meds.

    • DA June 30, 2017 at 11:08 pm #

      I’ve always thought that the Eagles – the consummate Rock sellouts – were the ultimate embodiment for what we’ve become these days: unapologetic sell-outs and shills of the highest degree, who not only celebrate our own decadence and inherent hypocrisy, but actually trade on it for money after the fact! God help us all! We are ALL truly and honestly FUCKED beyond redemption!

      dailymotion.com/video/xiu766_eagles-long-road-out-of-eden_music

      • malthuss July 1, 2017 at 1:19 am #

        One of the Eagles got Stevie Nicks pregnant.
        She aborted and sand ‘Sara’ for the baby she chose to not have.
        Sick people.

    • Janos Skorenzy June 30, 2017 at 11:43 pm #

      Alex Jones says that it’s associated with many mass murderers since some of the side effects are suicidal or homicidal ideation. A flat affect is one of the well known side effects. The female author of “Prozac Nation” said she couldn’t imagine crying while taking it. One person gave a very positive evaluation: it was like going from a dark, messy room to a well lit laboratory.

      Jones says that the small print warns about homicide. Go look right now and tell us if that’s true. You may be the next Manchurian Candidate.

      • DA June 30, 2017 at 11:50 pm #

        LOl! Might be, but it would still be an improvement from where I’m at right now, big guy.

      • daveed July 1, 2017 at 12:10 am #

        Well, if Alex Jones says so…….that’s good enough for me.

    • thwack July 1, 2017 at 12:15 am #

      What color are you?

    • elysianfield July 1, 2017 at 12:31 am #

      DA,
      Aren’t you retired military?

    • JimInFlorida July 1, 2017 at 11:57 am #

      MGTOW a.k.a. “Men Going Their Own Way” is the only salvation for straight men. Especially for men who are sacrificing themselves to be White Knights in the service of a thankless gynocentric tyranny. The Red Pill of MGTOW is better than Prozac.

      Lots of MGTOW channels on YouTube.

      • JimInFlorida July 1, 2017 at 11:58 am #

        This is for DA’s comment, way up the page, where he tells about his meltdown and consequent introduction to Prozac.

        • thwack July 1, 2017 at 1:07 pm #

          I had a paper route in 7th grade on a military base and one of the places I delivered was called the “BOQ” (Bachelor Officers Quarters.)

          It was built like a dorm and it was the coolest place. They had a beer machine in the lobby. Corvettes, motorcycles and other cool vehicles in the parking lot; a weight room with punching bags…

          I can see MGTOWs coming up with something like that in the near future.

    • Squeeky Fromm Girl Reporter July 1, 2017 at 3:41 pm #

      Maybe you should have tried a low carb, higher fat diet, first???

      Squeeky Fromm
      Girl Reporter

    • cbeard July 2, 2017 at 7:41 am #

      Take another pill and call in the morning. Pill heads, I bet there are lots of you on this site.

  50. BackRowHeckler June 30, 2017 at 11:37 pm #

    True, we’re in pretty bad shape — economically speaking — here in the Nutmeg State (look it up), but Illinois is in a league of its own: no state budget in 3 years, $14.5 billion in unpaid bills, and $250 billion unfunded pension liabilities. At what point does it all just grind to a halt? Chicago might top 1000 murders this year, and I’m wondering about the connection between a poorly run, bankrupt government and mass murder in the streets. They have to be linked somehow, which is indicated by the mayhem and chaos in Venezuela, another socialist paradise.

    brh

    • DA June 30, 2017 at 11:47 pm #

      Hmm… Chicago being Obama and his stooge Emanuel’s “home town” and all. Wonder how THAT could be?

    • Anon1970 July 1, 2017 at 12:15 am #

      Chicago’s homicide rate is running only slightly above last year’s for the first half the year (333 in 2016). For all of 2016, it recorded almost 800 homicides. Chicago’s most dangerous neighborhood (Austin) has a homicide rate that rivals some of the most dangerous countries in Central and South America. The web site heyjackass.com does an excellent job reporting on the city’s crime and does not practice political correctness. In spite of all of the bad publicity that Chicago gets when it comes to crime, other American central cities are even more dangerous, on a per capita basis e.g. Baltimore. As Republicans continue to place restrictions on family planning and abortions (e.g. cutting Planned Parenthood’s funding), more unwanted babies will be born to teenage girls and young women with no husbands and no job skills.

      • BackRowHeckler July 1, 2017 at 12:22 am #

        Plenty of babies are being aborted. At what point are there enough abortions to bring down the rate people are ventilated in the City of Big Shoulders, and apparently, small brains?

        brh

        • malthuss July 1, 2017 at 1:17 am #

          Stop feeding and housing the ferals.

    • onehunglo July 1, 2017 at 12:29 am #

      brh, you very wise one indeed…..

      onehunglo speak from experience.

      the very minute government not make good on civil pension payout, very same minute police and firefighter walk away.

      then, like day of old, Chicago burn to ground.

      that ok.

      let not you heart be troubled.

      may God be with you.

      -onehunglo

    • ozone July 1, 2017 at 9:30 am #

      BRH,
      No worries, I’m sure ol’ Dan’nel P. will fix things up good and proper! (…as he takes the job of running the state all to his own self by ‘zekutive order.)

      zerohedge.com/news/2017-06-30/connecticut-gov-signs-emergency-spending-measure-lawmakers-fail-pass-b…

      Dan’nel says he’s not going to run for a 3rd term; maybe that’s because he’d be as welcome as a turd at a pool party.

  51. trypillian July 1, 2017 at 12:44 am #

    The end of life as you know it, notwithstanding your economic chicanery, is looming into view on the horizon like a chemically nucleated amorphous cloud mass brought on by solar radiation management courtesy of the deep state. Only a miracle will extricate yourselves from the moribund morass you have created. Your leader resembles Jabba the Hutt, note the permanent drooping arch of the tiny mouth on el presidente. I will not suggest this anatomical exception will imply other anatomical features of the more robust kind are likely to be tiny as well. Jabba is however a real deal maker as opposed to the bumbling president who only can get a bank loan now if he is launderig Russian mob money. Ask Deutsches Bank, the only bank in the US that will talk to him. His hotel in Toronto was kept from bankrupcy by a direct infusion from the Rusky mob.

  52. PeteAtomic July 1, 2017 at 12:54 am #

    I’m reminded in history of the Peloponnesian war aspect of this story. Russia vs. USA, and that one side ‘won’, however, it was such a bloody and destructive, and bloody victory that it really wasn’t a ‘win’. Sparta became a vassal of Rome, eventually, and so reduced that how many Spartans became Roman Legionaries? Probably not many. They were a burned out country.

    We have Hispania– these westernized men and women who work the farms and jobs of America.

  53. tucsonspur July 1, 2017 at 3:56 am #

    The Eagles were great. They sensed the desert. They said “Call some place paradise, kiss it goodbye”. They knew the heart of the desert and the desert of the heart.

    youtube.com/watch?v=zGljHWCdyEA

    • Janos Skorenzy July 1, 2017 at 7:58 pm #

      Did you ever find the Hole in the Desert Charlie and Jim Morrision looked for? This is the real Holetel California.

  54. tucsonspur July 1, 2017 at 4:14 am #

    It’s goin’ down in Chicago.

    Oh yeah, Obama started this, he was gonna do that. Right, the Muslim sympathizing fuck was gonna do it all.

    Here comes da man!

    yahoo.com/news/trump-claims-credit-chicago-strike-force-address-gun-violence-202912946.html

  55. FincaInTheMountains July 1, 2017 at 4:20 am #

    All you need to know about the carry trades, but were afraid to ask

    Unlike currency pairs, the leverage of stock trading and, accordingly, industrial indices is limited by legislation, besides all these industrial indices are not really integral parameters due to their specialization. Therefore, often investors use national currencies as their integral parameters, or rather their pairs, because this opposition is the personification of one or another financial and industrial world projects. And in the period from 2008-2012, which turned out to be the first stage of the international financial crisis, the fall of EURJPY, that is, the flow of capital from the euro to the yen was the most adequate integral parameter of the “fall” of the global economy and the implementation of the plans of the Black Project.

    The catastrophic strengthening of the Black Project began as a result of the use of atomic weapons against Japan and the radical reformatting of the cultural code of Japan under the leadership of such a prominent figure in the Black Project as General MacArthur. It was as a result of these events that Japan really became part of the West, and the Japanese Yen of one of four western currencies, EUR, USD, JPY, and GBP, characterizing the situation in the unified global economy, which of course is part of the Black Project.

    Suffice it to say that in the book “A Million Years to the End of the World”, such a prominent specialist on Japan as Arkady Strugatsky described the cultural interaction between Japan and the United States as one of the causes of the uprising of the Universe and the Third Law of Thermodynamics against the humanity.

    So, in the project of the Global Economy of the West, USD symbolizes unlimited economic liberalism and frank use of the philosopher’s stone (printing press) to achieve the geopolitical goals of transnational corporations. The Euro symbolizes a spare airfield for the philosopher’s stone on the basis of the Romanized “absurdity” of the Roman “Bread and circuses” principle and its more responsible use for the maximum development of industrial capitalism. The British pound symbolizes financial capitalism, and the Japanese yen symbolizes the expansion into the Asian world of all three types of Western capitalism on the basis of a balance of their interests and traditional Japanese collectivism and corporate thinking reformed by the US Black Project.

    The fact that the system of the dollar economy is collapsing within the framework of the so-called “general crisis of capitalism” was clear to many, including your humble servant.

    A concrete realization of the “general crisis of capitalism” in 2007 was the overproduction of dollars that led to the mortgage crisis. The essence of the mortgage crisis is that the bank lends money for the purchase of real estate, using the same real estate as collateral based on its market price. That is, let’s say you were given a bank of 100,000 dollars to buy a house, based on its market price, and while you are servicing the debt, and property prices are growing the bank is happy, as in fact it without much risk makes a ton of money. But as soon as the price of this house in his computer turns out to be 70,000 dollars, the balance of this account turns out to be minus 30,000 dollars and in order to save itself from bankruptcy the bank starts to demand from you to compensate for the lack of collateral and to add an additional 30,000 dollars) that is usually written in the contract in fine print. And when you can not meet these requirements, bank confiscates this house from you and puts it up for sale, which leads to an even greater drop in property prices. And a chain reaction begins.

    Mortgage crisis began with Iceland, but main victim was at once the English Northern Rock Bank.

    And that immediately revealed a lot of interesting details. First, it became clear that the main beneficiary of the dollar pyramid were not the United States, but Britain, whose debt / accumulation ratio was an order of magnitude better than in the US and Europe.

    This is easy to understand, considering that while Uncle Sam was using the philosopher’s stone, the distribution of the results of this activity among large borrowers (such as the financial systems of Iceland and Russia) was assigned to Englishwoman.

    And when the troubles began, she immediately nationalized this bank and reorganized its financial system from toxic debts (capable of causing a chain reaction), crushing the crisis in embryo.

    But in the United States, the country’s financial system, rather than crushing the crisis in its embryo, began to settle political scores, which was manifested with particular sharpness in the refusal to provide financial assistance to conservative Lehman Brothers. This frightened the bankers that the crisis would continue to be used to settle political scores, and this fright created a new stage of the crisis – a crisis of confidence in the financial system as a whole.

    This caused the failure of several important projects and, as a consequence, the collapse of stocks and industrial indices. Money ran from the commercial industrial markets and in Europe after the outbreak of the Georgian war, they ran to the most dangerous place – into the US banks. By principle let Europe be captured by the Russian tanks, shake by the revolution, and I’ll live with a billion in the United States.

    This caused the collapse of EURUSD, despite the fact that the original reason for inflation of the mortgage bubble and, accordingly, the mortgage crisis was an overabundance of dollars.

    That is, it turned out that the United States has an important unspent resource – direct trade in its geographical location, its political system and propaganda. Rather, the propaganda of its political system.

    But money from the US banking sector ran to Japan. This was due to two reasons:
    First, Japan’s financial system was initially built as a balance of industrial and financial capitalism, and it met the financial crisis fully armed, as it became the victim of the Asian economic crisis in 1997 and reorganized its financial system. Thus, Japan was the only country in the global “West”, whose financial system had already carried out the necessary reforms and introduced the necessary regulation.

    But the most important thing is that for a long time suffering from stagflation (practically all the 90s), Japan has reduced its discount rate to the limit, and the global economy, which was built by Clintonoids after the collapse of the USSR, led to the so-called “carry trades”. American mortgage banks took money from Japanese banks (that is, in fact, the Central Bank of Japan) at 2% interest, immediately sent them to a mortgage at 7% and insured the deal by short selling the pair USDJPY (with a leverage of one to 35 as a conservative Leman Brothers or even one to eighty as a hooligan Bear Sterns), since losses from such a transaction could arise only in the case of lifting the rate of the Yen.

    And then they combined this package of financial services (millions of such services) and sold it as a separate financial product, immediately pocketing the difference between the above 2% in Japan and 7% in the US for the entire 30 years that mortgages were issued. Here and now!

    I will not go into the details of how it all fell down, but when the margin call of the corresponding ForEx trades, which were insured by carry-trades, began, the money flowed back to Japan in an automatic mode. And every euro received from the sale of shares of industrial enterprises, was immediately converted into dollars, causing a decline in EURUSD, and immediately after that flowed into Japan, taking with it a pair of its American counterparts. Therefore, at the first stage of the financial crisis, how much the dollar was more expensive with respect to the euro, it became cheaper in relation to the Japanese Yen.

    • 100th Avatar July 1, 2017 at 11:24 am #

      Nobody asked, but yet you post, in that same vein:

      Tontoenelvalle:

      Russia’s economy will grow by 1.1% in 2017 against the backdrop of “relatively high oil prices.” The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) presented an annual report in Bangkok. Relatively high oil prices are said to be the main reason for the growth of the Russian economy by 1.1% in 2017 after last year’s reduction of 0.2%, the authors of the report said.

      According to the authors of the report, developing economies in the Asia-Pacific region will grow by 5 and 5.1% in 2017 and 2018. In 2016, the growth was registered on the level of 4.9%.

      Moderate economic growth in the APR comes across risks of growing protectionism and global uncertainty in the region,” the authors of the report say.

      Meanwhile, Russian Prime Minister Dmitry Medvedev reported to President Vladimir Putin that the country’s economy had entered the growing stage. The trend, Medvedev said, appeared at the end of last year. He noted that the growth in industrial production made up 1.3%.

      The growth is possible, and one does not have to be too smart to predict it. If the situation does not deteriorate sharply, one may say that we will achieve the economic growth of one percent. However, this level is below the level of statistical error. The reasons that may cause it to occur are questionable. The rise in oil prices, in the first place, has already ended. It appears that oil prices may slide from 55 to 51 dollars per barrel. Oil output has been declining, and long-term growth in oil prices is out of the question. The share of imports has increased, importers win, and domestic production decreases.”

      “The authors of the report also forecast the growth of developing economies of the Asia-Pacific region. Yet, this moderate economic growth in the APR will come across risks of growing protectionism and global uncertainty in the region. What does it mean? How will it affect Russia?”

      “The US president has proclaimed protectionism as his prime policy. Even if Trump tries not to mention the very word “protectionism,” the strategy on the whole is protectionist. Perhaps the victory of Marine Le Pen may split the European Union and create a new European bloc with protectionist policies, because this is the only way to stabilise and bring the economy out of the crisis.

      “Maybe, the Americans will try to restrict the supplies of Chinese goods, to “break the chain” – this is what the authors of the report allude to. Yet, I think it may go about in-market protectionism. When the EU changes, France and England will pursue protectionist policies. Russia can make such a turn if adequate changes occur.

      “Any sort of economic growth will come across protectionism: this is inevitable. The Chinese economy does not decline officially, but it loses growth every year. After a while, this is fraught with an industrial crisis in China.”

      “Is there a reason for Russia to hope for anything positive?”

      “Any positive forecasts are controversial, as a rule, especially now, when the situation remains uncertain. As a matter of fact, the Russian economy is now stagnant.

  56. janet July 1, 2017 at 9:02 am #

    “Stop feeding and housing the ferals.” –malthuss

    Nationally, most of the people who receive benefits from the Supplemental Nutrition Assistance Program are white. According to data from the U.S. Department of Agriculture, which administers the program, 40.2 percent of SNAP recipients are white, 25.7 percent are black, 10.3 percent are Hispanic, 2.1 percent are Asian and 1.2 percent are Native American.

    • JimInFlorida July 1, 2017 at 11:47 am #

      We could always stop feeding the feral Top 0.1%. The vast majority of whom are of The Tribe.

    • Squeeky Fromm Girl Reporter July 1, 2017 at 3:44 pm #

      You are misleading people. What percent of the population are blacks? About 13%, yet they slop up 27.5% of the benefits??? That’s twice the rate of whites, if not more.

      Quit being deceptive.

      Squeeky Fromm
      Girl Reporter

      • malthuss July 2, 2017 at 12:49 am #

        To quote the original author: “The negative fiscal impact of blacks and hispanics is significant. All of this discussion of a “national debt” and “deficit” is primarily of function of blacks and hispanics. Without them, we would be running budget surpluses today, even when keeping the military the same size.”
        Remember the SBPDL breakdown of EBT card usage by race? Just a glimpse at the massive transfer of wealth happening in America, as white people abandon their future to subsidize black and brown people’s present.

        • malthuss July 2, 2017 at 1:00 am #

          This blog would not copy paste all of what I wanted.

          see SBPDL.com for more.

  57. twomartinilunch July 1, 2017 at 9:22 am #

    I keep forgetting that you now update on Friday! Of course the feds are going to help Chicago. The Grifter-in-Chief is going to commit resources to address Chicago’s rampant gun violence. “I’m from the guv’ment and I am here to help” said Ronald Ray-gun the consummate GRIFTER-in-CHIEF.

  58. trolleybill July 1, 2017 at 10:33 am #

    Clinton, Bush and Obama in 24 years took us for suckers and sold us out. JHK for one who voted for Obama 2 times look at yourself. Progressive liberal leftist have turned everything they touch into shit with their kumbaya feel good hand in your pocket and your life ways to have totalitarianism. A system that always fails. Who sells this shit?. Your not a doomer and happy but you have orchards, vegetables and chickens and probably a fishing rod around plus a gun or guns along with a 8ft fence around “Farm East” which keeps not only deer out but cabbage snatchers too. How much credit is in your wallet as the commercial ask’s. The barn door has been left open too long before the information internet age came along to save us with information. Even with info at the finger tips people are still more interested in hedonism with there getting high and putting ink in their skin. Shelling out 20k to ride on 2 wheels in traffic I only feel safe in being on a bus. There will be a tipping point and that is when people say I’m not playing anymore with a rigged system.

    • 100th Avatar July 1, 2017 at 11:27 am #

      Ever see the back end of a progressive’s car?

      You’ll know it by the multitude of bumper stickers telling you how to live your life. Eat this, vote that, don’t hug kids with nuclear arms, etc.

      That, and they inordinately take pride in 13.1, half-measures, half marathons.

      Who celebrates coming up short? Not being up to snuff?

      They do

  59. elysianfield July 1, 2017 at 11:24 am #

    Well, ladies and germs;

    The BBC site, this AM, reports that 17 were injured in a nightclub shooting in lily-white Little Rock, Arkansas.

    The shooting took place in a venue called the “Power Lounge”…there was a reported exchange of gunfire in the club.

    Not mentioned, but inferred by this poster, it was probably those pesky Hatfields and McCoys still arguin’ about who killed a prize hog 140 years ago.

    It’s high time that hi-jinks by those white trash trailer dwellers be discouraged….

    • Squeeky Fromm Girl Reporter July 1, 2017 at 3:47 pm #

      The dindu nuffin count is now up to 25 shot, with three injured. Oh but I bet there was a major chimpout inside when the bullets started flying.

      I wonder if the three injured had ear damage from the hoots, snorts, and high pitched squealing???

      Squeeky Fromm
      Girl Reporter

  60. MrTibbs July 1, 2017 at 11:54 am #

    METHODS.
    yahoo.com/news/trump-claims-credit-chicago-strike-force-address-gun-violence-202912946.html

    In the old republic, members are well indoctrinated in the methods of influence peddling, bribery, extortion, kickbacks, racketeering, treason, sedition, and corruption, revealed as unity in Congressional Expenditure Approval of 8 Trillion dollars over 16 years in trade in the effective means of destruction and the build out of the Deep State.

    And those defeated are the compromised assets complicit in the use of the methods above.

    In the New Republic, members are well indoctrinated in the methods expressed by We the People in resuming the restoration of the Constitutional republic from JFK’s point of interruption, seeing for miles and miles, and enjoying Liberty in building out properties and the local means of production, with the capability to sow, nurture, grow, harvest, store, cook, engineer, design, program, automate, construct, process, raise, teach, counsel, hunt, defend, provide, debate, organize, compose, worship, dance, laugh, love, celebrate, and sustain.

    And victory was achieved long ago.

    Y = career politicians x career lobbyists x globalist mainstream media x career unelected Deep State bureaucrats x Hollywood elites x unprosecuted corruption

    “God integrates empirically.”
    – Albert Einstein.

    Y = old republic NETWORK globalism = THE SWAMP.
    funwithdad.net/funwithdad1alive.htm

  61. janet July 1, 2017 at 1:44 pm #

    MILLIONAIRES’ RELIGION

    JiminFlorida, your constant reference to “the Tribe” is both antisemitic and false. There are 13.1 million millionaires in the world:

    56.2% … Christians

    6.5% … Muslims

    3.9% … Hindu

    1.7% … Jewish

    31.7% … adherents of “other” religions or “not religious”

    • Billy Hill July 1, 2017 at 3:21 pm #

      Little Jane — your numbers are skewed. I never got the survey.

    • malthuss July 2, 2017 at 12:55 am #

      Of Whites in USA, I d guess Jews are 3-9% of Whites.

    • malthuss July 2, 2017 at 12:56 am #

      If jews are 10 million, that is 1 in 700 people.

    • JimInFlorida July 2, 2017 at 1:35 pm #

      As usual, janet abuses statistics.
      Furthermore, just WHY are THEY exempt from criticism???
      If I’m making false characterizations, why have they racked up a rap sheet that can be tracked through a hundred nations and kingdoms over the past 2000 years?

      Just got done watching an old movie, “The French Connection.”
      Interesting how the producers cast the narcotics kingpins. The imagery is unmistakable.

      If that movie were re-done today, Political Correctness would require the kingpins to be Nordic Christians. Oprah would play Gene Hackman’s role as the detective to bust White Racist drug lords.

  62. janet July 1, 2017 at 2:12 pm #

    Russian hackers were working with Flynn when he was senior advisor to the Trump campaign… that is more evidence of COLLUSION!

    • Squeeky Fromm Girl Reporter July 1, 2017 at 3:56 pm #

      I would say that is more evidence of DELUSION. Yours.

      Squeeky Fromm
      Girl Reporter

      • elysianfield July 1, 2017 at 4:37 pm #

        Squeeky,
        I’m sure she meant “delusion”…and that she will sheepishly admit to indifferent editing, and auto-correct, and….

        • Squeeky Fromm Girl Reporter July 1, 2017 at 5:58 pm #

          I hope so, but I am not holding my breath. She appears to be a fairly stereotypical Liberal Democratic Party-worshipping commenter. You know, the kind with an OCD-type disorder, except instead of washing their hands 250 times a day, or changing their underwear every hour, they obsessively comment about how bad the Republicans are, and how horrible Trump is. If they don’t do it, they will go into a fit of St. Vitus Dance or something.

          They seem unable to grasp that they are not revealing Great Truths to people, but merely reiterating their own opinion, ad nauseum. To the point where nobody takes them seriously except others who are just like them.

          I wonder if people like her used to be Hare Krishna’s, and they got brainwashed into banging their little drums and chanting, and now that they are out of the orange outfits, the repetitious droning still continues, just in service of a different weird cult.

          Squeeky Fromm
          Girl Reporter

  63. janet July 1, 2017 at 5:27 pm #

    When the midterms get closer we will see criminal indictment. Investigations into Trump criminal activity is ongoing. Everybody is lawyered up. Trump’s body is bloating up. His performance is increasingly out of control. Can’t stay focused.

    • Squeeky Fromm Girl Reporter July 1, 2017 at 6:05 pm #

      It is considered simple politeness for one to begin their prayers with “[Oh Puhleeeeze, Dear Lord], when the the midterms get closer [please let] us see-eth a criminal indictment! . . .

      Something like that, and not just presume that God is just going to grant your idiotic fantasy for you. Not that God is going to grant it anyway, but the point here is to be polite to God.

      Because one day when you are praying to him to let the Judge find that you are sane, and not a danger to yourself or others, and let you out of the Involuntary Commitment, God is likely to remember your rudeness to him. Not that God is going to grant that prayer either, because he loves you in spite of your evil ways, and doesn’t want you out hurting yourself or others.

      Squeeky Fromm
      Girl Reporter

      • janet July 1, 2017 at 6:34 pm #

        It is not rude to describe reality. I have seen this all before… in 1973. It took several months. Mueller has only just started his investigation into Trump’s high crimes and misdemeanors. Give it time, puleeze.

        • Squeeky Fromm Girl Reporter July 1, 2017 at 9:56 pm #

          Which is probably part of the reason that you feel compelled to constantly diss Trump, and any other Republican.

          Maybe you have just been a Democrat/Liberal too long – – – and like the frog in the boiling water, you haven’t noticed how bizarre and un-American your party has become.

          My Goodness, but the “party of the working man” is now the party of the illegal immigrant, even with all the unemployment in the country. How would that have happened, and you be OK with it, if your eyes had been open???

          Or, the 75% black illegitimate birth rate, which is 3 or 4 times what it was even in Jim Crow days. How would that happen, and you still go on about white privilege, oblivious to reality. What, birth control pills don’t work on black girls.

          But I don’t think you can see any of it, because you have been a partisan Democrat/Liberal too long, and you just keep accepting whatever spin is put out to maintain the hold on power.

          Which tendency is not new in the world. My goodness but the smartest and most educated people in the world at the time, the Germans, gradually morphed from ending their financial woes to murdering Jews, and even as the cities were falling into rubble around them, there were a lot who still believed in Nazism.

          I constantly argue with people who think it is 1960’s Alabama, and they are Freedom Riders. Even while they adjust their Depends. Reality has passed them by. That is sad.

          Sooo, I suggest that you leave the bunker, and start reading things outside of whatever echo chambers you reside in, and maybe do a real hard assessment of what you believe, and why.

          Squeeky Fromm
          Girl Reporter

      • Walter B July 1, 2017 at 6:47 pm #

        I have learned much about prayer and about what we can and cannot be expected from God in regards to what we ask for. First of all, all of our prayers should concentrate on the aspect of our thankfulness because we here in America have been blessed with so much more than so many others that above all we should be thankful. Secondly, I can pretty much assure you that the Creator does not manipulate events or actions of human beings or of nations or politics in any fashion, These are all fabrications of man and as such are fairly vile and unworthy of God’s time anyway. He Who Was Cast Out and the Fallen most certainly DO act to control, steer, and dominate mankind for their own purposes, that fact is easily defended, but God Himself simply judges us all by how we react to whatever stimuli it is that affects us at the time. I have had great success in having prayers granted almost immediately by simply understanding what it is that He is willing to grant such as “Dear Lord, give me the strength to get through this day of challenge”, or “Please Dear God, help me to do a better job of teaching my children about You and about Your Son and what is right in life”, you know, things that a Creator would be happy to grant without hesitation. Never pray for worldly objects for they are not things that will advance His Cause. Pray for understanding, for strength, for peace of mind. If you know what to pray for, your prayers will always be granted if you Believe.

        • janet July 1, 2017 at 7:53 pm #

          “God Himself simply judges us all” –walter

          I have heard that God simply loves us unconditionally. God forgives us. It is God’s nature to do so. God is all merciful, all compassionate. Our sins have been forgiven. Our rightful place with God for all eternity is God’s promise. God don’t play. We have nothing to worry about, as onehunglo constantly reminds us. Complete economic collapse is a trifling matter compared to the grandeur of God. Our only attitude should be gratitude for whatever comes our way. Our every breath should give thanks.

          • messianicdruid July 2, 2017 at 8:26 am #

            God disciplines His children. If He is your Father stop arguing with Him [ and stop trying to cover your buttocks ].

  64. wm5135 July 1, 2017 at 6:43 pm #

    Squeaky Fromm Girl Reporter

    “They seem unable to grasp that they are not revealing Great Truths to people, but merely reiterating their own opinion, ad nauseum. To the point where nobody takes them seriously except others who are just like them.”

    You seem to have become a regular here.

    Same as it ever was
    Same as it ever was
    Same as it ever was
    Same as it ever was
    Same as it ever was
    Same as it ever was
    Same as it ever was
    Same as it ever was – Talking Heads

    • Squeeky Fromm Girl Reporter July 1, 2017 at 9:34 pm #

      I have been a reader forever. But a commenter only rarely. But, I have a little extra time right now, sooo why not fight the good fight a little.

      Squeeky Fromm
      Girl Reporter

  65. ozone July 1, 2017 at 9:28 pm #

    Kunstler illuminates the gigantic clusterfuck that is the scramble and impenetrable jungle-like entanglement of the fitful pursuit of dwindling profits and pretend wealth. Meanwhile, other societies are [wisely and carefully] cutting the chords that link them to contractual servitude to the failing and flailing state of ‘Murika the Biggest Gun on the Planet.

    “In much of America, the Chinese are dismissed as being “unable to innovate,” inventiveness being thought of as unique to white men. Thinner ice has perhaps never been trod.”

    So sayeth Fred Reed. (Agree with his general outlook or no, he has more to say on this subject if you’d care to look for it. If not… I don’t really give a hoot or a holler in hell.)

    Beware, Nemesis joyfully follows in Hubris’ broad wake.

    • ozone July 1, 2017 at 9:36 pm #

      Another fun quote that’s actually germane to the discussion of what gets spent on what:

      “While Beijing works to benefit China, rapidly increasing its techno-industrial clout, Washington spends insanely on weaponry. It is trying to apply a military solution to a commercial problem. America crumbles economically, politically, culturally, but has the very best bombers.”

      Oopsie. Perhaps a little wider focus is called for.

  66. malthuss July 2, 2017 at 12:52 am #

    In fact, because there are more Hispanics in the USA than Blacks, Hispanics are already a bigger cumulative net drain on the economy, $411,950,000,000 to $389,710,000,000.
    Needless to say, the ongoing demographic change from a predominantly white society to a less productive, less white one can be expected to have even more serious negative effects on the long-term economic prospects of the United States that it already has.

    • malthuss July 2, 2017 at 12:54 am #

      So, the net cost to the average White American of the average Black American is $384,109. Married? That’s $768,218. Got 2 kids? That’s $1,536,436. 4 kids? Now we’re talking $2,304,654 lifetime.

      Diversity is expensive. Now you understand why you won’t have much of an inheritance to leave to your children. Do you really think it’s worth it? And then, those natural conservatives to the south, the Hispanics, will surely improve the situation, right? After all, immigration helps the economy! Well, not so much.
      • Hispanic: +7,298

  67. ejhr July 2, 2017 at 3:04 am #

    Quite a few howlers here this time Jim. First: the “Fed can run out of money”. No it can only go broke if it passes a law to make it go broke.
    It can bail out all states in crisis.After all it didn’t baulk at paying money to the banks in 2008-2010. $29Trillion to shore up the banks. It
    s not about to go breaking itself when to not do so is much worse for the Population, The point is the Fed can always pay any bill that comes its way. So in the interests of civil society, why not pay for the righting of the local economy? It won’t stop running out of resources but that is a terminal condition and all bets would be off.

    • Billy Hill July 2, 2017 at 8:11 am #

      “The point is the Fed can always pay any bill that comes its way.”

      What, then, is money?

      What is borrowing? What is debt?

      ” in the interests of civil society, why not pay for the righting of the local economy? ”

      Why not indeed? Why not with a mouseclick make everyone a billionaire? Is that not in the interest of civil society?

      My questions are not rhetorical or sarcastic. I really want to know the theory. If your thoughts reflect reality, why is Illinois even news?

  68. wm5135 July 2, 2017 at 3:23 am #

    Malthus the sum of the estimated cost of blacks and hispanics above is equal to roughly 16% of the 2017 budget. Who assembled this information and what was the methodology? The budget for the military is about 15% of the 2017 budget. Social Security, Medicare and Medicaid are about 53% in the same budget year, with unemployment insurance at about 15%. Numbers are my friend I am just curious.

    • thwack July 2, 2017 at 7:28 am #

      Malthus is reading the book upside down. Non whites are the very reason this country became so strong, dynamic and wealthy.

      Same thing with Britain, France, Portugal…

      The white man left his language all over the world and became rich and powerful in the process.

      Malthus thinks he can win playing one row of the chess board.

      • Squeeky Fromm Girl Reporter July 2, 2017 at 6:54 pm #

        Hmmm. Nice theory. Sooo according to you, countries run by Blacks and Hispanics would be wonderful places to live, right?

        Except Africans cross the oceans in little boats to get to Europe, to get away from their countries. And Hispanics swim the Rio Grand to get away from their Hispanic countries.

        Nope, no predictive value for your theory!

        Squeeky Fromm
        Girl Reporter

        PS: Are you institutionalized in a mental health facility somewhere??? Because if you are, I will not pick on you. Because really, what you said above is just totally delusional. But if you can’t help it, then I will not zing you.

        • thwack July 2, 2017 at 8:09 pm #

          Are you fat?

          or bleeding from your most recent face lift?

          Because if you are I can make it worse?

  69. wm5135 July 2, 2017 at 3:38 am #

    ejhr
    Were the United States a completely self contained economy, I concur in your opinion. We are however a player on a global stage. There is some possibility, however remote, that the balance of players on the global stage will lose their taste for our debt. That is the point at which the hypothesis of unlimited fiat money will have an opportunity to be tested and perhaps become a theory. The main product that we are able to produce in the US currently and into the near future is BS, hope that unlimited fiat money can buy lots of Wonderbread!

  70. tucsonspur July 2, 2017 at 4:16 am #

    I know that some won’t believe it, but NASA denies that there is a colony of kidnapped sex slave children on Mars.

    • elysianfield July 2, 2017 at 10:42 am #

      “I know that some won’t believe it, but NASA denies that there is a colony of kidnapped sex slave children on Mars”

      Tucson,

      The “internets” are revealing a psychosis inherent in the human condition. The Balkanization of a population into veritable cells of madness is an unintended consequence of the www. Never before in history has “everyman” been given a venue to voice his opinion…however ill thought and with relative anonymity.

      The genie (of whatever color) cannot be put back into the bottle….

      • tucsonspur July 2, 2017 at 3:19 pm #

        Amen. “Cells of madness”. Spooky and kooky.

  71. janet July 2, 2017 at 7:01 am #

    When the deal goes down? It will be truly be a Black Swan event. Objectively measured, our financial system, which Obama rescued from the wreck George “this sucker could go down” Bush left in 2007. In eight years of hard focused work Obama brought back financial health, in spite of JHK’s absolute denial there would ever be an economic recovery.

    For the first time in seven years, all 34 of the nation’s biggest banks were granted permission to buy back stock or pay dividends to shareholders, according to the annual stress test results released last Wednesday by the Federal Reserve.

    The verdict is part of the Fed’s yearly financial health checkup on banks like JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) to determine if they are strong enough to weather a severe financial crisis while still being able to continue to lend to consumers and businesses.

    All the banks passed both qualitative and quantitative tests. That is an objective measurement which contradicts abstract and unsubstantiated assertions that we are facing some kind of a financial abyss. Especially when such assertions are repeated weekly … for years …

    Those assertions do not correspond with economic reality and no collapse happens. Instead, the economy strengthens.

    • Billy Hill July 2, 2017 at 8:19 am #

      When did The Left become allied with the National Security State and the Too-Big-To-Fail banks?

      Once the smoke clears (assuming Janet and her kin do not lead us into civil war) historians may answer not only when but how and why.

  72. janet July 2, 2017 at 7:20 am #

    President Trump could be in dereliction of duty if he doesn’t act on the threat Russia poses to the US. Yet another impeachable offense. If we survive.

    • Billy Hill July 2, 2017 at 8:21 am #

      Explain the threat.

    • JimInFlorida July 2, 2017 at 2:11 pm #

      Israel has always been a greater threat to the U.S. than Russia ever was.
      It wasn’t the USSR that tried to sink the USS Liberty.
      It wasn’t the USSR (or Vladimir Putin) that got America tangled up in the Levant’s sordid political and religious wars.
      It wasn’t even that Euro-twink, Dmitry Medvedev, who destroyed the Libyan Jamahiriya. Benghazi was crammed full of Turkish and Mossad troublemakers, BTW.

      By blackmail, Israel coerces Washington (and Germany) to sacrifice themselves for the sake of defending Israel. Netanyahu will fight to the last gullible American Goyim!

      If anything, President Trump should meet with Putin and discuss dividing up the world into a U.S.- Russia condominium. The U.S. has its interests, Russia has its interests, and both sides recognize the necessary evil of crushing those who attempt to disrupt the utilitarian design.

      BTW, Afghanistan would never have become the hellhole it has been for the past 30 years if Washington had stayed out when the USSR was trying to restore the legitimate government and eradicate the Taliban.
      Syria wouldn’t be the hell hole it has become if we had stayed out of Bashar Assad’s business. He had every right to stomp those Mossad-backed agitators!

  73. wm5135 July 2, 2017 at 7:36 am #

    Malthus, correction the sum is 6% of the budget. I was posting in a state of insomnia please accept the error in good will.
    wm

  74. wm5135 July 2, 2017 at 7:56 am #

    Janet – The United States economy has never truly been on track since the market crash of 1987 and the rise of Greenspan to head the Fed. We have been just like medieval surgeons, bleeding the nation’s productive capability this whole time. The economy, as any entity, treated with the “letting” is anemic and prone to collapse. There is none so blind as one who WILL not see. Look Mr. Obama’s true accomplishment was that he avoided assassination, end of story. He was nothing more than the conductor de jour of the orchestrated castration of our nation.
    I voted for the SOB twice, once to punish that asshole John McCain and once to prevent Romney who would have made Obama look like a piker. I know that it is carrying coal to Newcastle, but we better figure out how get a dialogue started within our nation or we the people will be an aggregate Nero.

    • cbeard July 2, 2017 at 3:03 pm #

      Anyone who voted for Obama even once is a fool. Voting for him twice is beyond stupid.

  75. wm5135 July 2, 2017 at 7:59 am #

    Walter B –
    I still have Faith and Love. I believe a powerful and successful prayer will always include “Thy will be done”. Thank you for posting your personal experience.
    wm

  76. messianicdruid July 2, 2017 at 8:16 am #

    “Because the above two actions will freeze existing inequality in place, a national evaluation of real estate will have to be done. This evaluation will be used to create Equalization Bonds (EB) to adjust the wealth distribution curve and restore wealth stolen from the bottom 90%. The EB’s will be backed by 80% of the holdings by the Top 1%. Those in the Top 10%-2% bracket will stay as they are. The EB’s can only be cashed out as the stolen wealth from the Top 1% is liquidated. For those sitting on their EB’s, they can accrue 6% yearly.”

    Excellent. Also, “The land must be divided and never sold.” Dividing up all the land claimed by the central government will put “renters” back in the game. They can either lease it or work it. A real jubilee requires this as well.

    • sprawlcapital July 2, 2017 at 1:55 pm #

      What a great birthday present! The concept of division of land followed by a prohibition on land sale had not previously occurred to me, at least not in that form. Of course it would require repeal of the Fifth Amendment stipulation that there be no uncompensated taking of property, in order to be Constitutional.

      I do not know whom you were quoting here, Druid, but thanks.

      By the way, today I am the same age as our host, a condition that will prevail until October, when it will make its annual journey back into the mystery we call space-time.

  77. themisanthrope July 2, 2017 at 9:15 am #

    “What happened to all the cash paid into the lottery by the suckers who didn’t win, which is supposed trto pay off the winners?”

    This has been a mystery of sorts to me for a long time. (And I hail from Connecticut, where we also have the casinos throwing their millions into the pot.) For states that tossed their otherwise anti-gambling morals, ethics and laws to the wind for this one “exception,” adapting the Lottery was a turn-key, flip-switch gateway to millions in the states’ coffers to keep the roads clean and the lights on. And yet, somehow, they’ve managed to turn this house-always-wins cash cow into a loss.

    I realize that a simple “follow the money” would provide the answers, but just how greedy and/or incompetent can our politicians be? Do they even *try* to do their jobs any more, or have they just given up?

    • beantownbill. July 2, 2017 at 12:39 pm #

      The cash provided by the losers is supposed to pay off the lottery’s expenses and obligations. The lottery then purchases an annuity from an insurance company to pay off the winners. The cost of the annuity is always just a percentage of the winning tickets. For example, a $1M win would cost the lottery around $400k at current interest rates. That’s why the payout for taking a lump sum is always less than taking the winnings in installments – the lottery doesn’t buy the annuity for an all-cash deal. Instead, they give that cash to the winners. In today’s interest rate environment, that’s around $600,000.

      In addition, if you have a regular annual income with normal deductions and take the cash option, you will pay federal and state taxes totaling more or less, 50% of your winnings, so you actually net $300k for your $1M win. This is why the lottery is such a ripoff. And they advertise “the newest lottery millionaire is….”. Millionaire indeed!

      Why did the lottery get suspended in Illinois, and possibly in other broke states? I suspect Illinois spent their net proceeds on other items because they have no cash – similar to the federal government spending people’s social security money and leaving IOU’s instead.

    • cbeard July 2, 2017 at 3:06 pm #

      Any state lottery is a fools game.

  78. ozone July 2, 2017 at 9:34 am #

    Christie the Clown and the Joisey Juke join the fun. No budget forthcoming; state services shut down. Guess what one of the major sticking points is? Yes, it’s a kerfuffle about the health insurance racket! Who coulda figgered??

    “Not all things will be affected: remaining open under the shutdown will be New Jersey Transit, state prisons, the state police, state hospitals and treatment centers as well as casinos, race tracks and the lottery.”

    That’s correct; every one of those “services” are absolutely *essential*!
    For hardened cynics (such as myself), these hi-jinks are solid vindication. The Long Emergency continues apace; just because it hasn’t yet bit you in the ass doesn’t mean it never will…

    • pequiste July 2, 2017 at 4:42 pm #

      Since the N.J. State lottery is still operating; I think that the Garden State could raise a shipload of money in a short amount of time by having a treasure hunt.

      Yes, that’s right, the first annual “Where’s Jimmy Hoffa? Memorial Treasure Hunt and Raffle.”

      Imagine “youz pays yer $100 bucks and youz are off to the most exciting search” since the Rover spacecraft starting looking for those kidnapped kids on Mars!

      BIg areas that will have lots of participants moving lots of earth will be the Meadowlands Stadium and the Pulaski Skyway. ( No special advantages (cheating) by using non-union guys with backhoes, Bobcats and dump trucks . All participants must use hand operated picks, shovels and wheelbarrows.

      (On the Q.T.) I heard there is a non-descript diner near Barnegat that has has a pond with a former union boss occupant in some cement galoshes. And don’t even ask about the rumor concerning Freehold Raceway if you know what’s good for youz.)

      They could even have some serious clues on the official Lottery issued treasure map that indicate much of Trenton and all of Camden; each city having a body part of the famous AFL-CIO hotshot. A new sort of model for shovel -ready urban renewal project

      So c’mon Jersey, get your picks and shovels and get in the game – the finder(s) get an all-expense trip and $500 bucks spending money to beautiful (another bankrupt paradise wannabe state) tropical paradise Puerto Rico.

      And who knows – Jimmy Hoffa himself, or a piece of him, might even turn up to help save Governor Chris Christies’ bacon.

  79. thwack July 2, 2017 at 9:35 am #

    Tow missile compilation (with some RPGs too)

    youtube.com/watch?v=U8tgc4U7WbM

    If anyone can find one with a close caption translation; please let me know.

    These guys always talk a lot when they do this and Im really curious about what they are saying?

    • ozone July 2, 2017 at 10:39 am #

      Purposefully changing the subject.

  80. janet July 2, 2017 at 9:37 am #

    “Explain the threat.” –billy hill

    “From Russia’s efforts to redraw international borders by force, to Iran’s attempts to destabilize the Middle East, to the global menace of terrorism that can strike anywhere at any time, it seems that the world is more dangerous today than at any point since the fall of communism a quarter century ago.” –Vice-president Mike Pence

    Russia and Iran are allies. Iran funds terrorists. Capiche?

    • Billy Hill July 2, 2017 at 10:19 am #

      Iran’s attempts to destabilize the Middle East?
      That’s Hilarious. Were Iran a province of the moon the Middle East would still be quite unstable enough.

      C’mon Janet. “Iran funds Terrorists.” OMG!
      Who else funds terrorists? Maybe the USA? Tulsi Gabbard seems to think so.

      When did The Left become allied with the National Security State? That has typically been the attitude of the Republicans, such as Pence, whom you quote out of confused motives. Your hero Obama attempted a rapproachment with Iran. What happened? Has Iran become the boogeyman again?

      You are an intellectual chameleon.

      • thwack July 2, 2017 at 10:33 am #

        That’s Hilarious. Were Iran a province of the moon the Middle East would still be quite unstable enough.

        ****************

        well, the Shiites do have an extra bone in their foot, so theres that…

        Just sayin

      • ozone July 2, 2017 at 10:36 am #

        “You are an intellectual chameleon.” [To Jan-soka]

        Operatives of The Deep State are trained to be just that. Whatever it takes to lay the smokescreen of the moment.

  81. MrTibbs July 2, 2017 at 10:01 am #

    HOW LONG?
    ….to sing this song??
    youtube.com/watch?v=hJm6GgrEU4I&list=PLl55Zh3U2VW7YD-JKHT0vYIk1ZCrK7c4-&index=97

    -T

    • ZrCrypDiK July 3, 2017 at 12:11 am #

      That’s U2, correct?!? I’m not bothering with your link – I know how to use BING!!! Hahahaha!~

      • ZrCrypDiK July 3, 2017 at 12:37 am #

        KK, used my CD I bought back in ’86 – “40” (50 now?!…) (’83, yeah – I got introduced ‘THAT VERY YEAR,’ to October [Gloria])

  82. beantownbill. July 2, 2017 at 12:11 pm #

    Money ultimately is just an accounting system for trading labor. It is much more efficient than actually trading a product or service you provide for someone else’s product or service. Problems arise when money no longer is efficient. So, yes, the fed can never technically be bankrupted, because the Treasury can keep creating bonds which the federal reserve buys by creating more and more dollars. But, the more dollars that are created from debt, the more goods and services cost – by the law of supply and demand (this can be postponed for a while when holders of large sums of cash withhold it from the economy). Markets cannot instantaneously adjust to changing prices; imbalances occur and some people end up financially hurting.

    Economic collapse happens when the whole system becomes so inefficient that people and organizations won’t or can’t do busines in the fiat dollar system. This is where we are headed now, although we haven’t quite gotten there yet. Note this has nothing to do with bankruptcy.

    • elysianfield July 2, 2017 at 1:02 pm #

      “the federal reserve buys by creating more and more dollars. But, the more dollars that are created from debt, the more goods and services cost”

      Bill,
      Sorry, but your statement is incorrect. Inflation is driven by demand…this is why we have relatively little inflation considering the doubling of the M-2 in the last ten years…plenty of money around, somewhere, but not at the point of purchase.

      • beantownbill. July 2, 2017 at 2:15 pm #

        E,

        That’s what I’m saying in other words. Banks borrowed billions of dollars from the fed at essentially zero interest rates and instead of lending the money out to the public, bought treasuries. So iin effect they got paid free, no-risk income. And the public didn’t get an infusion of money. Thus, inflation remained at low levels despite an increase in the overall money supply.

        When people don’t have much discretionary income, they adjust demand downwards.

  83. volodya July 2, 2017 at 3:22 pm #

    You can see this deal going down day by day in the Cubanization of the American economy ie AirBnB and uber, glorified room-letting and taxi-driving for people desperate to make a few bucks.

    When each of the walking-talking individual Illinois bite it, as so many of them must, they’ll each be like a rain-drop, a little splish when they hit the ground. But when states like Illinois and California go bust, it will be the Biblical Deluge, raging torrents of panic overwhelming the pathetic sandbags piled up by central banks.

    The Fed and Treasury act as if they’re omnipotent. Draghi sez believe him, it will be enough. Makes me laugh. These people are fools, more so because they haven’t learned that pride goeth before the fall. They stand tall, they smile their supremely self-assured smiles, proud as can be, but, as sure as we sit here, they are going to fall.

    • 100th Avatar July 2, 2017 at 6:39 pm #

      Are you sure it’s not people desperate to save some $$ from the blood sucking hotels chains and taxi medallion mafias?

    • ZrCrypDiK July 3, 2017 at 2:09 am #

      volodya! U…. *U*!!!

  84. Janos Skorenzy July 2, 2017 at 5:26 pm #

    Thwack: The Old Testament has a strong physical and genetic aspect. Later Christian Theologians are very uncomfortable with this and have been “spiritualizing” various aspects for the last 1600 years or so. But some of the early Fathers accepted, for example, that Angels had subtle bodies and could even assume a physical body and find the Daughters of Men, fair – thus cursing themselves. And from this illicit union, the race of Giants were born and their cursed progeny spread. In the end, almost no pure blooded Adamites were left, thus God destroyed the corrupted Race of “Man” but for his pure ones.

    Now Christian Identity accepts all this and even goes further, further to my knowledge, than any of the Early Fathers. They say that Cain is not Adam’s son at all, but Lucifer’s. He seduced Eve in the Garden. She ate the Apple. Thus the Race of Cain was born, in all its dark power and intelligence. The mixture with the Beasts lessened them, but they were again reinforced by the seed of the Fallen Angels as described above, with even the Adamite daughters falling before their Masterful seductions. The Adamites were hard pressed indeed, even as we are now.

    Later Theologians desperately interpret the Giants as giants of egotism or some such thing. And the Fallen Angels? They don’t mention them at all.

    • 100th Avatar July 2, 2017 at 6:38 pm #

      You might as well be talking about D&D or Magic the Gathering… fantasy stories and all. Guess you need to make use of the BS theology degree. At least Joe Campbell pursued serious curriculum.

      • Janos Skorenzy July 2, 2017 at 6:59 pm #

        You reveal the mark of Cain on your soul if not your body.

      • messianicdruid July 2, 2017 at 8:09 pm #

        100th Avatar – have you ever heard of the Kandahar Giant? There are several vids on youtube.

    • thwack July 2, 2017 at 8:02 pm #

      They say that Cain is not Adam’s son at all, but Lucifer’s. He seduced Eve in the Garden. She ate the Apple. Thus the Race of Cain was born, in all its dark power and intelligence.

      *************

      Yeah, I know that one,

      and Lucifer was a black guy right?

      And “the snake” was a big black cock right?

      and that makes Eve the original mud shark right?

      and thats why all men have an “Adams apple” right?

      So to sum up your real point, you think Im some kind of intelligent beast?

      a horse that can talk…?

      Has someone made a comic book of this story?

      Because I would love to see the graphics.

      • elysianfield July 3, 2017 at 10:44 am #

        “a horse that can talk…?”

        …A horse is a horse is a horse, of course, unless, of course the….

    • JimInFlorida July 3, 2017 at 8:51 am #

      The Parable of the Wheat and Tares tells the complete story of what you presented but, is covered in allegory and metaphor.

      Those with eyes to see and ears to hear will understand.

  85. janet July 2, 2017 at 5:32 pm #

    “And which are those countries?” –shotho

    There are many, shotho. You would be able to find something to object to for each named country, but when the deal comes down many expats will be glad to be outside the US. Not to say the US does not have its good points, too. Since you asked, here are some countries expats have fled to:

    Czech Republic
    New Zealand
    Germany
    Costa Rica
    Thailand
    France
    Canada
    South Korea

    As I say, you will immediately find some objection to each… which does not negate that expats are living there happily.

  86. janet July 2, 2017 at 7:50 pm #

    When the deal goes down, nothing changes. The governor mandates things continue to operate even if there is no money.

    Gov. Chris Christie, a Republican, signed a state of emergency permitting the operation of essential government services such as state police, correctional facilities, welfare services, state hospitals and treatment facilities. Also shielded from the shutdown are New Jersey Transit, the state lottery, casinos and racetracks.

    Essential? Casinos are essential? Racetracks are essential? Economic collapse is a joke.

    • janet July 2, 2017 at 8:15 pm #

      Can’t even order a shutdown. Snowflake governor Christie is a joke.

      • BackRowHeckler July 2, 2017 at 9:05 pm #

        Little Jane, how un ladylike of you.

        Telling Gov. Christie, in no uncertain terms, what you think of him.

        brh

        • ZrCrypDiK July 3, 2017 at 2:12 am #

          I got this sw**t Marlin mod-rifle… I think it’s $$$!!! laugh a lil longer…

      • Anon1970 July 3, 2017 at 12:19 am #

        Casinos are big tax generators for the state. But, reportedly, the state beaches were closed.

        • JimInFlorida July 3, 2017 at 8:48 am #

          Casinos are economic black holes. Absolutely nothing of value is produced. It is the perfect parasite.

  87. BackRowHeckler July 2, 2017 at 8:00 pm #

    Quite a shootout in Arkansas, semi auto pistols chattering to the beat (of raunchy rap music) Nobody dead, so it must’ve been small caliber, .22 or .25. No matter, show’s over, folks!

    And in NYC … Dr. Henry Bello, Nigerian national, was making his rounds in Beth-Lebanon Hospital with not a stethoscope underneath that white lab coat, but a knock off AR 15. The staff must’ve been quite surprised when Dr. Bello began squeezing off rounds without so much as saying “Good Morning”. 1 doctor dead, 5 others wounded. Police are left wondering how this could have happened, New York, along with Chicago, having the most stringent gun control laws in the US.

    brh

    • thwack July 2, 2017 at 8:04 pm #

      Well at least he shot them at a hospital?

      just sayin

  88. FincaInTheMountains July 2, 2017 at 8:15 pm #

    Silly heart don’t beat so hard
    To swift thoughts in unison!
    There in France, under Reims,
    Hidden city Murmelon,

    Where for Honor, not for money, –
    Slander, leave me alone, –
    The Russian brigades fought
    For the province of Champagne.

    youtube.com/watch?v=7YpybrLuj6E

  89. FincaInTheMountains July 2, 2017 at 9:07 pm #

    Russian Women

    She owns everything, the underwear, and the flat
    Well, I’m renting corner from my aunt.
    For her – all my free time
    I look at her through her window.

    Her window is lit every night.
    And yesterday the elevator guy told me after few drinks
    That she dates two movie actors
    And one popular artist from Taganka Theater

    youtube.com/watch?v=2wKATe-ke6E

    • JimInFlorida July 3, 2017 at 8:44 am #

      All of the women depicted in the video are cold and soulless creatures.

      That Russian man needs to be introduced to MGTOW (Men Going Their Own Way). Leave the plantation and stop simping after these females who will only play with his heart, waste his time, steal his stuff via the courts, and kill his soul.

      • janet July 3, 2017 at 8:49 am #

        About time men pay for their dalliances, jif. If men did not go their own way, they wouldn’t have problems in the courts.

  90. ozone July 3, 2017 at 12:14 am #

    Any individual (if lucky) owns only one thing on this earth: his (gender non-specific) time. What they choose to do with it is the definition of their character.
    Beware, time is always a worryingly circumscribed quantity for those who have an awareness of it. This would be the antithesis of superstitious nonsense. Do you desire to bet upon your continuation beyond your existence on the earthly plane? …Of course you do; and there’s your trouble — and with such a trouble you trouble others. Thusly have you become a ‘demon’ in regard to your fellows. If you do not think you will live beyond your time in this plane, you will be just and humble and provide for those who must needs inherit the fruits or rot of your works; if you think you may live in some “beyond” iteration, you may see a opportunity/chance of forgiveness for a multitude of crimes, large and small. In such hope is true evil born and instigated. What one may think the “good” of religious dogma and outward practice could very well become its opposite, depending on which cohort of priests (and what might tumble out of their mouths) happens to wield the power of the state or majority of the superstitious ‘believing’ populace.

    Do we have a deal? Probably not.

  91. janet July 3, 2017 at 8:19 am #

    Brh, on Friday, Christie ordered the beaches across the Garden State closed — a reaction to the ongoing budget impasse in the state’s legislature.

    Less than 48 hours later, photos from NJ Advance Media showed Christie sunning himself with his family on Island Beach State Park — the only people on the beach because, well, the governor had closed it.

    Christie’s approval rating at just 15%, the worst approval rating for any governor in any state poll ever conducted by Quinnipiac.

    • janet July 3, 2017 at 9:04 am #

      Q’s boy Christie has shown that in-your-face rudeness and bullying ends your political career. Trump will learn the same as his support slides to 9% and impeachment.

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