Dec 142017
 
 December 14, 2017  Posted by at 10:35 am Finance Tagged with: , , , , , , , , , , ,


Joseph Mallord William Turner Norham Castle, Sunrise 1845

 

Fed Boosts Benchmark Rate For Third Time This Year (AP)
PBOC Raises Borrowing Costs In Surprise Move Following Fed Hike (BBG)
European Bond-Buying ‘Tsunami’ Is Set to Fade as ECB Tapers (BBG)
Risk May Be Low But Uncertainty Just Hit Record Highs (ZH)
Canadian Homeowners Take Out HELOCs to Fund Subprime Buyers (WS)
These Guys Want to Lend You Money Against Your Bitcoin (BBG)
Druckenmiller: Central Banks Are Financial World’s ‘Darth Vader’ (CNBC)
Theresa May’s EU Summit Marred By Embarrassing Defeat in Commons (Ind.)
The Virtual Economy Is The End Of Freedom (Smith)
Trey Gowdy: “What The Hell Is Going On?” (YT)
Germany Owes Greece €185billion In WWII Reparations – German Researchers (KTG)
‘A Different Dimension Of Loss’: Inside The Great Insect Die-Off (G.)

 

 

2018 will be something to watch.

Fed Boosts Benchmark Rate For Third Time This Year (AP)

The Federal Reserve is raising its benchmark interest rate for the third time this year, signaling its confidence that the U.S. economy remains on solid footing 8Ω years after the end of the Great Recession. The Fed is lifting its short-term rate by a modest quarter-point to a still-low range of 1.25% to 1.5%. It is also continuing to slowly shrink its bond portfolio. Together, the two steps could lead over time to higher loan rates for consumers and businesses and slightly better returns for savers. The central bank says it expects the job market and the economy to strengthen further. Partly as a result, it foresees three additional rate hikes in 2018 under the leadership of Jerome Powell, who succeeds Janet Yellen as Fed chair in February. Investors will look to Yellen’s final scheduled news conference as Fed chair for any clues to what the central bank might have in store for 2018 under Powell.

Powell has been a Yellen ally who backed her cautious stance toward rate hikes in his five years on the Fed’s board. Yet no one can know for sure how his leadership or rate policy might depart from hers. What’s more, Powell will be joined by several new Fed board members who, like him, are being chosen by President Donald Trump. Some analysts say they think that while Powell might not deviate much from Yellen’s rate policy, he and the new board members will adopt a looser approach to their regulation of the banking system. Most analysts have said they think the still-strengthening U.S. economy will lead the Fed to raise rates three more times next year. A few, though, have held out the possibility that a Powell-led Fed will feel compelled to step up the pace of rate hikes as inflation finally picks up and the economy, perhaps sped by the Republican tax cuts, begins accelerating.

Read more …

Two centrally controlled economies.

PBOC Raises Borrowing Costs In Surprise Move Following Fed Hike (BBG)

China’s central bank edged borrowing costs higher in an unexpected move after the Federal Reserve’s decision to tighten monetary policy. Hours after the Fed’s quarter%age-point move, the People’s Bank of China, citing market expectations, increased the rates it charges in open-market operations and on its medium-term lending facility, though making smaller adjustments than the U.S. Markets took the announcement in stride. Analysts said the modest adjustment shows the PBOC wants to balance the need to tighten monetary policy with avoiding jolting its markets. China’s rate adjustments “help markets form reasonable expectations for interest rates,” the PBOC said in a statement on its website on Thursday.

It also prevents financial institutions from adding excessive leverage and expanding broad credit supply, it said. The cost of seven-day and 28-day reverse-repurchase agreements was raised by five basis points. That followed an increase in mid-March. The PBOC skipped the use of 14-day reverse repos Thursday. The cost of funds lent via MLF was also increased by five basis points, with the 1-year rate raised to 3.25%. “This action seems to follow the Fed,” said Raymond Yeung at Australia & New Zealand Bank. “Since it only lifted the rate by just five basis points the central bank does not want to jeopardize the market with an aggressive hike. It does indicate the tightening bias of the policy makers and this stance will continue in 2018.”

Read more …

Why does the ECB hold all that American debt? Is that its mandate?

European Bond-Buying ‘Tsunami’ Is Set to Fade as ECB Tapers (BBG)

European investors have been plowing so much capital abroad they’ve taken up about half the boom in U.S. corporate debt in recent years, but now that liquidity tap is poised to be shut off, according to Oxford Economics. “The global debt issuance boom is likely to lose steam, given the extent to which it has relied on the support of European investors,” Guillermo Tolosa, an economic adviser to Oxford Economics in London who has worked at the IMF, wrote in a forthcoming research note. “Issuers better seize the opportunities while they last.” ECB asset purchases took up so great a supply of bonds that it pushed euro area investors into markets abroad, to the tune of €400 billion ($473 billion) a year over the past three years, Oxford Economics estimates. With the ECB poised to halve its monthly buying pace to 30 billion euros starting in January, next year might see just €200 billion in European investor outflows, the research group calculates.

“This is a large enough fall to risk causing disruption in some markets, including emerging markets, which have come to rely heavily on European flows recently,” Tolosa wrote. “A global tsunami of euros” benefited borrowers during the past three years, and accounted for a “staggering” 50% of net U.S. corporate-debt issuance, he wrote. European funds have slashed the domestic share of their fixed-income securities holdings by more than 7 percentage points, to less than 70%, since the ECB’s program began. As flows head back into the domestic markets, that could temper the impact of the ECB’s policy normalization on the region’s securities. Upward pressure on European debt valuations may last “for a protracted period,” Tolosa wrote.

Read more …

Is VIX as compromised as GDP?

Risk May Be Low But Uncertainty Just Hit Record Highs (ZH)

The decline in the VIX this year has befuddled investors and traders of all stripes, given the host of geopolitical uncertainties in locations like North Korea and political skirmishes in Washington. Not to mention, stocks have been rising relentlessly for years, unnerving some investors who say that stocks are trading too high relative to expected earnings. As The Wall Street Journal reports, two academics are rolling out a new measure of market fear that suggests investors aren’t nearly as complacent as they seem. In separating out ambiguity from common measures of risk, Menachem Brenner of New York University and Yehuda Izhakian of Baruch College are picking up on a concept that traces back nearly a century.

Economist Frank Knight in 1921 wrote about the difference between risk and uncertainty. If volatility measures the uncertainties for which one can determine a probability, or the “known unknowns,” ambiguity measures the “unknown unknowns,” to use a term popularized by former Defense Secretary Donald Rumsfeld, according to Mr. Brenner. In October, the gauge hit 2.42, its highest reading in monthly data that extends back to 1993. That’s above the gauge’s previous peak of 2.41 at the height of the financial crisis in October 2008. While none of the academics is willing to call a ‘top’ or any imminent decline, it is noteworthy that this new measure quantifies what many have noted – that market-based ‘non-normal’ tail risk remains elevated while ‘normal risk’ is repressed.

Read more …

Make your home someone else’s ATM.

Canadian Homeowners Take Out HELOCs to Fund Subprime Buyers (WS)

The HELOC (Home Equity Line of Credit) has been a blessing and a curse for Canadian households. While it has helped spur house prices and simultaneously provided consumers the ability to tap into their new found equity, it has also crippled many Canadian households into a debt trap that seems insurmountable. Between 2000 and 2010, HELOC balances soared from $35 billion to $186 billion, according to the Financial Consumer Agency of Canada, an average annual growth rate of 20%. As of 2016, HELOC balances sit at $211 billion, a 500% increase since the year 2000. While also pushing Canadian household debt to incomes to record highs of 168%. Scott Terrio, a debt consultant, says the situation is a full blown “extend and pretend,” meaning borrowers are just continuously refinancing or taking on more and more debt in order to sustain their lifestyle.

Canadians can extend their debt repayment terms and pretend to live a lifestyle they can’t otherwise obtain. What the HELOC has also been able to do is help spur the private lending space which has ultimately supported rising house prices. Seth Daniels of JKD Capital, one of the most astute Canada-Watchers, says there’s a growing trend where “a homeowner acts as a sub-prime lender by drawing a HELOC at 3% interest only, and lends it to a subprime borrower at 8-12% for one year (interest only).” This is something I’ve been hearing on an ongoing basis from mortgage brokers and lawyers who help facilitate these deals. Especially since mortgage lending conditions tightened, starting with OSFI’s first mortgage stress test back in November, 2016. The financial regulator required “high-ratio” borrowers (those with less than 20% down payment) to qualify for a mortgage at the borrowing rate plus 2%. So basically you’re getting qualified on what you can borrow at 5% even though you’re borrowing at 3%.

Read more …

Probably inevitable, but it doesn’t feel good.

These Guys Want to Lend You Money Against Your Bitcoin (BBG)

The woes of an early bitcoin investor. Until recently, people who paid virtually nothing for the virtual currency and watched it soar had only one way to enjoy their new wealth – sell. And many weren’t ready. Lenders on the fringe of the financial industry are now pitching a solution: loans using a digital hoard as collateral. While banks hang back, startups with names like Salt Lending, Nebeus, CoinLoan and EthLend are diving into the breach. Some lend – or plan to lend – directly, while others help borrowers get financing from third parties. Terms can be onerous compared with traditional loans. But the market is potentially huge. Bitcoin’s price hovered around $17,000 much of this week, giving the cryptocurrency a total market value of almost $300 billion.

Roughly 40% of that is held by something like 1,000 users. That’s a lot of digital millionaires needing houses, yachts and $590 shearling eye masks. “I would be very interested in doing this with my own holdings, but I haven’t found a service to enable this yet,” said Roger Ver, widely known as “Bitcoin Jesus” for his proselytizing on behalf of the cryptocurrency, in which he in one of the largest holders. People controlling about 10% of the digital currency would probably like to use it as collateral, estimates Aaron Brown, a former managing director at AQR Capital Management who invests in bitcoin and writes for Bloomberg Prophets. “So I can see a lending industry in the tens of billions of dollars,” he said.

One problem is that bitcoin’s price swings violently, which can make it dangerous for lenders to hold. That means the terms can be steep. Someone looking to tap $100,000 in cash would probably need to put up $200,000 of bitcoin as collateral, and pay 12% to 20% in interest a year, according to David Lechner, the chief financial officer at Salt, which has arranged dozens of loans.

Read more …

“Every serious deflation I’ve looked at is preceded by an asset bubble and then it bursts..”

Druckenmiller: Central Banks Are Financial World’s ‘Darth Vader’ (CNBC)

Stanley Druckenmiller believes the overly easy monetary policies by global central banks will have disastrous consequences. “The way you create deflation is you create an asset bubble. If I was ‘Darth Vader’ of the financial world and decided I’m going to do this nasty thing and create deflation, I would do exactly what the central banks are doing now,” he told CNBC’s Kelly Evans in an exclusive interview airing Tuesday on “Closing Bell.” “Misallocate resources [with low interest rates], create an asset bubble and then deal with the consequences down the road,” he said. The investor noted how this boom-and-bust cycle has happened time and time again. “Deflation just doesn’t appear out of nowhere and it doesn’t happen because you are near the zero bound. Every serious deflation I’ve looked at is preceded by an asset bubble and then it bursts,” he said.

“Think about the ’20s, a big asset bubble that burst, you have the Depression. Think about Japan. Asset bubble in the ’80s. It burst. You have the consequences follow. Think about 2008, 2009.” Druckenmiller said if the Federal Reserve raised interest rates more quickly, the U.S. would have avoided the worst of the housing bubble and last recession. “If they had moved earlier and more aggressively in the early 2000s, we would have had a recession in ’08 and ’09, but not a financial crisis,” he said. The investor believes the Fed should raise rates and normalize monetary policy as soon as possible. “The longer this goes on, the worse it’s going to be,” he added. “The sooner they can stop what’s going on … the better.”

Read more …

She might as well step down now.

Theresa May’s EU Summit Marred By Embarrassing Defeat in Commons (Ind.)

Theresa May is set to arrive in Brussels for a key EU summit on Thursday having suffered a damaging defeat in Parliament over her central piece of Brexit legislation. The Prime Minister is to use the EU event to try and make the case for moving Brexit talks on to trade negotiations quickly, but European leaders will now be left wondering if she still has the political support in London to deliver any deal. There were cheers from opposition MPs in the House of Commons when it emerged the Government had been forced to accept changes to its EU Withdrawal Bill, which it is now claimed will guarantee Parliament a “meaningful” final vote on any Brexit deal Ms May agrees. he embarrassing defeat – the first inflicted on Ms May as she pushes through her Brexit plans – came after Jeremy Corbyn ordered Labour MPs to back an amendment to her legislation proposed by ex-Conservative attorney general Dominic Grieve.

The result immediately exposed deep divisions on the Conservative benches, with reports of a heavy-handed Government whipping operation creating tension, blue-on-blue clashes in the Commons and one Tory rebel sacked from his senior party position within moments of opposing Ms May. Rebels braced themselves for a wave of abuse from the Brexit-backing media, but insisted they had no choice but to put principle before party and vote against the Government. Ms May was supposed to enjoy something of a victory at the EU council summit on Thursday, expected to rubber-stamp the judgment that “sufficient progress” has been made on divorce issues to move on to the next phase of talks. But with difficult obstacles already arising in Brussels, the defeat in London lays bare the difficulties Ms May will have in delivering anything she agrees on the continent.

Read more …

“..cryptocurrencies are built upon an establishment designed framework, and they are entirely dependent on an establishment created and controlled vehicle (the internet)..”

The Virtual Economy Is The End Of Freedom (Smith)

Millenials and others think that they are going to rebel and “take down the banking oligarchs” with nothing more than digital markers representing “coins” tracked on a digital ledger created by an anonymous genius programmer/programmers. Delusional? Yes. But like I said earlier, it is an appealing notion. Here is the issue, though; true money requires intrinsic value. Cryptocurrencies have no intrinsic value. They are conjured from nothing by programmers, they are “mined” in a virtual mine created from nothing, and they have no unique aspects that make them rare or tangibly useful. They are an easily replicated digital product. Anyone can create a cryptocurrency. And for those that argue that “math gives crypto intrinsic value,” I’m sorry to break it to them, but the math is free.

In fact, for those that are not already aware, Bitcoin uses the SHA-256 hash function, created by none other than the National Security Agency (NSA) and published by the National Institute for Standards and Technology (NIST). Yes, that’s right, Bitcoin would not exist without the foundation built by the NSA. Not only this, but the entire concept for a system remarkably similar to bitcoin was published by the NSA way back in 1996 in a paper called “How To Make A Mint: The Cryptography Of Anonymous Electronic Cash.” The origins of bitcoin and thus the origins of crytpocurrencies and the blockchain ledger suggest anything other than a legitimate rebellion against the establishment framework and international financiers. I often cite this same problem when people come to me with arguments that the internet has set the stage for the collapse of the globalist information filter and the mainstream media.

The truth is, the internet is also an establishment creation developed by DARPA, and as Edward Snowden exposed in his data dumps, the NSA has total information awareness and backdoor control over every aspect of web data. Many people believe the free flow of information on the internet is a weapon in favor of the liberty movement, but it is also a weapon in favor of the establishment. With a macro overview of data flows, entities like Google can even predict future social trends and instabilities, not to mention peek into every personal detail of an individual’s life and past. To summarize, cryptocurrencies are built upon an establishment designed framework, and they are entirely dependent on an establishment created and controlled vehicle (the internet) in order to function and perpetuate trade. How exactly is this “decentralization”, again?

Read more …

How much longer can the Mueller vehicle last?

Trey Gowdy: “What The Hell Is Going On?” (YT)

Tyler Durden: “If there is any remaining doubt in your mind that Special Counsel Mueller’s probe is anything but a farcical, politically-motivated witch hunt, then you’ll be summarily relieved of those doubts after watching the following exchange from earlier this morning between Trey Gowdy (R-SC) and Deputy Attorney General Rod Rosenstein.”

Read more …

There are much higher sums floating around.

Germany Owes Greece €185billion In WWII Reparations – German Researchers (KTG)

Does Germany owe indeed Greeks billions of euros in World War II reparations for the damages and the enforced loan during the occupation of the country by the Nazis? So far, Berlin has vehemently rejected any Greek claims. However, two German researchers dug into the documents of the dispute. have discovered and calculated that the German state owes Greece 185 billion euros. Of this not even a 1% has been paid to Greece. In their book “Reparation debt. Mortgages of German occupation in Greece and Europe” publishers Karl Heinz Roth, a historian, and Hartmut Rübner, a researcher, unfold the documents of the dispute and come to the conclusion that the reparations issue was not solved in 1960, as Berlin has been claiming.

According to the book review published in German conservative daily Sueddeutsche Zeitung, Roth and Rübner have researched German documents only and came to the conclusion that: USA allies and “the power elites of West Germany” have systematically ignored Greece’s demands for WWII reparations. In SZ article “Athens – Berlin: Open Bill, Open Wounds” it is said among others that: At the Paris Reparations Conference in 1946, the Greek government presented a damage record of $7.2 billion – eventually earning a share of $25 million. The leitmotiv of the book is that an alliance between the US and the “West German power elite” has systematically ignored Greek demands for decades.

“Undeniable, however, is the diplomatic arrogance with which the Federal Republic rejected the Greek demands for decades. If you do not believe it, you are welcome to make your own impression in Hartmut Rübner’s carefully edited extensive documentary appendix,” SZ notes. In the first part of the book, Roth analyzes the decades-long efforts of Athens to receive reparations. When the Wehrmacht withdrew from Greece in October 1944 after three and a half years of occupation, it literally left behind “scorched land”: the economy, currency and infrastructure were completely destroyed. The health of the surviving population was catastrophic – by the end of the war about 140,000 people had died as a result of malnutrition.

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Long read. First step: ban all pesticides.

‘A Different Dimension Of Loss’: Inside The Great Insect Die-Off (G.)

The Earth is ridiculously, burstingly full of life. Four billion years after the appearance of the first microbes, 400m years after the emergence of the first life on land, 200,000 years after humans arrived on this planet, 5,000 years (give or take) after God bid Noah to gather to himself two of every creeping thing, and 200 years after we started to systematically categorise all the world’s living things, still, new species are being discovered by the hundreds and thousands. In the world of the systematic taxonomists – those scientists charged with documenting this ever-growing onrush of biological profligacy – the first week of November 2017 looked like any other. Which is to say, it was extraordinary. It began with 95 new types of beetle from Madagascar. But this was only the beginning. As the week progressed, it brought forth seven new varieties of micromoth from across South America, 10 minuscule spiders from Ecuador, and seven South African recluse spiders, all of them poisonous.

A cave-loving crustacean from Brazil. Seven types of subterranean earwig. Four Chinese cockroaches. A nocturnal jellyfish from Japan. A blue-eyed damselfly from Cambodia. Thirteen bristle worms from the bottom of the ocean – some bulbous, some hairy, all hideous. Eight North American mites pulled from the feathers of Georgia roadkill. Three black corals from Bermuda. One Andean frog, whose bright orange eyes reminded its discoverers of the Incan sun god Inti. About 2m species of plants, animals and fungi are known to science thus far. No one knows how many are left to discover. Some put it at around 2m, others at more than 100m. The true scope of the world’s biodiversity is one of the biggest and most intractable problems in the sciences. There’s no quick fix or calculation that can solve it, just a steady drip of new observations of new beetles and new flies, accumulating towards a fathomless goal.

Read more …

Home Forums Debt Rattle December 14 2017

This topic contains 21 replies, has 8 voices, and was last updated by  Diogenes Shrugged 9 months, 1 week ago.

Viewing 22 posts - 1 through 22 (of 22 total)
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  • #37684

    Joseph Mallord William Turner Norham Castle, Sunrise 1845   • Fed Boosts Benchmark Rate For Third Time This Year (AP) • PBOC Raises Borrowing Cos
    [See the full post at: Debt Rattle December 14 2017]

    #37685

    V. Arnold
    Participant

    The financial/economic morass out there is the quicksand waiting for you to tread.
    When it comes to money; educate yourself; but the first rule is, debt is bad, fatal, and almost never the path to follow; the exceptions are for the educated and financially secure; not for you or me.
    But the rule preceding the first rule is; self educate and always keep your own council; always.
    Bitcoin and all of the others are a fool’s errand; don’t go there unless you’re stupidly rich. Emphasis on stupidly…
    Until and unless Monsanto and its ilk are put out of business; the genuine life of this planet is doomed; and it will take humankind down for the count; inscticides are the death of Giaia’s microbial life; the pollinators are finished and so are we…

    #37686

    zerosum
    Participant

    @ v Arnold

    https://www.ctvnews.ca/canada/highlights-statistics-canada-s-final-release-of-2016-census-data-1.3699006

    OTTAWA — Statistics Canada issued its sixth and final batch of 2016 census numbers Wednesday, this one focused on education, labour, journey to work, language of work and mobility and migration. Some highlights:
    — Canada ranked first among OECD countries with 54 per cent of residents having college or university degrees in 2016, up from 48.3 per cent in 2006.
    — Of women aged 25 to 34, 40.7 per cent had a bachelor’s degree or higher, up from 32.8 per cent in 2006. Among men of the same age, 7.8 per cent held an apprenticeship certificate, up from 4.9 per cent 10 years earlier.

    My Question:
    “– Canada ranked first among OECD countries with 54 per cent of residents having college or university degrees in 2016, up from 48.3 per cent in 2006.”

    Canadians are the most in debt.
    What did they learn about being in debt that I did not?

    #37687

    zerosum
    Participant

    It’s difficult to find the truth when it comes to the military.

    https://www.yahoo.com/news/russias-military-presence-syria-191522363.html
    AFP•November 24, 2017
    Russia’s military presence in Syria
    The Russian military says it has begun scaling back its deployment to Syria more than two years after Moscow’s intervention in the conflict on the side of the Damascus regime.
    Valery Gerasimov, the chief of Russia’s general staff, said there would be a “extensive” reduction of troops by the end of this year. He spoke after President Vladimir Putin said that a military campaign in Syria was coming to an end.

    https://www.cbsnews.com/news/russia-military-syria-5th-anniversary-war-assad-putin-claim-success/
    CBS/AP March 15, 2016, 4:17 AM
    Tuesday’s statement came a day after President Vladimir Putin ordered the Russian military to withdraw most of its forces from Syria, timing his move to coincide with the resumption of the Syrian peace talks in Geneva.

    https://www.politico.com/magazine/story/2015/06/us-military-bases-around-the-world-119321

    Where in the World Is the U.S. Military?

    By DAVID VINE July/August 2015

    Despite recently closing hundreds of bases in Iraq and Afghanistan, the United States still maintains nearly 800 military bases in more than 70 countries and territories abroad—from giant “Little Americas” to small radar facilities.

    Britain, France and Russia, by contrast, have about 30 foreign bases combined.

    https://en.wikipedia.org/wiki/List_of_countries_with_overseas_military_bases

    List of countries with overseas military bases

    #37688

    Nassim
    Participant

    “Germany Owes Greece €185billion In WWII Reparations – German Researchers (KTG) ”

    The point here is what happens if the Germans were to pay up? Would the money go to the corrupt Greek Establishment or to the people in the villages and cities who suffered?

    Germany did pay a whole lot of “compensation” for what they did to the “Jews”. In fact, they are still paying. They are subsidising submarines to Israel that are designed to carry nuclear missiles.

    Israel’s German-built submarines are equipped with nuclear weapons. Germany, which partly funds the vessels, knows of their nuclear capability but has kept quiet about it, der Spiegel claims (30 June 2017)”

    The trouble is that the money did not end up with the survivors of the concentration camps or the relatives and descendants of the dead. It ended up in the hands of the Israeli Establishment. The survivors got little or nothing.

    The survivors of the camps were frequently ostracised in Israel. The males were assumed to be “Kapos” – who cleaned out the ovens and helped the Germans. The females were assumed to be “prostitutes” of the Germans. I recently saw an Israeli movie. It was “the Matchmaker”. This business of the survivors having to suffer once more came up repeatedly. It was a good movie except for the victimhood culture that was strapped on – doubtless to get the funding.

    https://en.wikipedia.org/wiki/The_Matchmaker_(2010_film)

    #37689

    V. Arnold
    Participant

    zerosum
    Put simply; college/university educated humans are the most ignorant living beings on the planet today; IMO.

    #37690

    Diogenes Shrugged
    Participant

    Long ago when I was quite young, I asked my dad why comedians tell so many jokes about Jews. He informed me that most of the comedians were Jewish, and Jewish people had a wonderful ability to laugh at themselves. Nowadays in parts of Europe, Goyim go to jail for laughing at Jews.

    Were you able to detect what changed in the interim? No?

    Let me guess. You haven’t noticed the chemtrails striping the skies, either, have you? Nor have you noticed the cause of the California fires unmistakably being directed energy weapons. You think WTC-1 and WTC-2 collapsed due to hijacked commercial jet impacts, and never heard of WTC-7. You think lots of little kids died at Sandy Hook elementary, that runners lost limbs in the Boston marathon years ago, that a lone shooter in the Mandalay Bay hotel sniped over 550 in Las Vegas, and that Oswald shot Kennedy. You think Adolph Hitler murdered six million European Jews. You think he cremated them, used their skin for lamp shades, and used their adipose to make soap.

    Well, I don’t know how to help you. You’re at least sixteen years behind, and I can’t catch you up with reality in a paragraph or two. You have sixteen years to unlearn first, and only then will I waste my time on you, showing you what you’ve missed.

    Nassim, I love you, man. You’re a big reason I keep coming here. But please stop perpetuating the fucking concentration camp oven myth.

    ALERT: Readers in Germany should avoid watching that video. Israel was the victor after WWII, and if you want to know who rules over you, just observe who you’re not allowed to criticize.

    #37691

    Nassim
    Participant

    What the MSM won’t tell you is that both the British and Americans would not accept Jewish refugees from Europe before and during WW2.

    How America’s rejection of Jews fleeing Nazi Germany haunts our refugee policy today

    At one point, the Germans tried to swap Jews for trucks and were turned down. Later, Jewish terrorists killed the British official who was responsible in Cairo.

    OTOH, lots of Jews did save themselves by escaping to Iran, Egypt and Morocco. Algeria and Tunisia were French colonies and run by Vichyists. Libya was under Italian control.

    It is amazing how real history gets turned inside out and upside down. 🙂

    #37692

    V. Arnold
    Participant

    Diogenes Shrugged
    Nassim

    I’m uncertain about which offends me more; your constant off topic posts or the imposition of your twisted belief systems into this blog.

    #37693

    seychelles
    Participant

    Diogenes S. and Nassim are both on point; the multi-tentacled Zioglobalist National Socialist Party is the dominant political party in the US, a very unfortunate state of affairs for the 99% and the rest of the planet. Fortunately, the human mind is open to truth as well as falsehood. Decades of mind-twisting anti-Logos spewed out by Rabbinical educational systems and mass media can be undone, but I think it takes people who are intrinsically able to think outside of their engineered mental prisons and willing to expend a great deal of auto-didact effort. Once honest accounts are studied, and there are many available on Amazon and YouTube, one can view life’s experiences in a new light and understanding rather than with confusion. Given the malignant and disproportionate influence of Zioglobalist propaganda and financial power in the US, I think comments such as those by Diogenes and Nassim are most helpful and reflect an honest view of reality rather than “twisted belief systems.”

    #37694

    Diogenes Shrugged
    Participant

    V. Arnold,

    Hopefully this will not offend you. It reflects an important part of my belief system well:

    I would value hearing your thoughts.

    Nassim has often commented on climate and history. Both are germane to the themes of this website. I’m the one who’s deviated, and I will take your criticism under advisement. Many thanks.

    #37695

    V. Arnold
    Participant

    Diogenes Shrugged
    I have no problem with anything said regarding the banking system; which is why I have no credit cards, no debt, nothing in my name, and purchase everything with cash.
    But then the electrons used to write this comment can be a source of information available to the U.S. mafia.
    We just had a 5 part series by Dr. D in which I fully stated my position; it hasn’t changed for the time being.
    We’ll see.
    Your’s was a pleasant reply…thanks.

    #37696

    oxymoron
    Participant

    Californian fires being lit by energy weapons… WTF? I guess you haven’t lived in a forest or spent a great deal of time living within natural systems – bound to give you a little too much technobrainia. Wild fires start because indigenous peoples are no longer using firestick culture to work within natural systems. There is no way in the world our fires here in Australia are coming from anything other than Really flammable material on REALLY hot days in REALLY hot winds. It’s as if you believe fires can only start from the power of evil men or something’ – you kinda sound crazy dude.
    I know I sound a bit rude but I live in the bush 35,000 acres of the most flammable forests in the world and I tell you you just don’t need any such thing as man made intervention to get that thing cooking.

    #37698

    V. Arnold
    Participant

    oxymoron
    I didn’t address that, because, frankly, I’m ill equipped to deal with that line of thinking.
    Belief systems are their own traps; I’ve stayed as far away as possible from “believing” in anything.
    Usian’s are prone to magical thinking; I’ve been away from that for 15 years with no plan to return.
    Cheers

    #37710

    Chris M
    Participant

    This thread got interesting today. So here’s my two cents.

    Watch out for the communists. Watch out for the Zionists. Watch out for the globalists. Watch out for the neocons. Watch out for the neolibs. Watch out for the Fabian socialists. Watch out for the facists. Watch out for the racists. Watch out for the pedophiles. Watch out for the sexists. Watch out for the sexual harassers….

    You can add to the list.

    #37711

    V. Arnold
    Participant

    Chris M
    If I may; your list of belief systems and watch out for; can be summarised as, watch out for all belief systems…
    As in avoid at all costs, yes?

    #37712

    Chris M
    Participant

    Oh, while I’m at it, I found this little nugget today. Don’t know if Twain actually said it.

    “It’s easier to fool people than convince them they’ve been fooled.”
    Mark Twain

    #37713

    Chris M
    Participant

    V. Arnold,

    I commend you for drilling down to the heart of the matter.

    I’ve been thinking about this a lot lately, really after I listened to a big blow up on talk radio the other day. They were arguing the merits or demerits of Trump moving the embassy to Jerusalem.

    Remember the old philosophical proclamation that it’s impossible for us to prove a universal positive or universal negative? That’s simply because, as humans, we’re limited in our ability to do so. Therefore, a lot that we proclaim to be true or not true is based on what we believe, not what we know for sure. It is really faith.

    So yes, watch out for what people believe.

    So, allow me to give this advice.

    Be charitable to your fellow human beings. Be understading. Be forgiving. But….don’t be naive. Do that at your own risk.

    #37714

    V. Arnold
    Participant

    Chris M
    Thanks, a very nice reply and mostly I agree.
    My nits to pick are small and not important enough to state.
    Your closing paragraph is just fine; thanks.
    Cheers

    #37715

    Chris M
    Participant

    V. Arnold,

    That closing paragraph wasn’t meant for you specifically. It was my pontificating to the wider audience. If you got something out of it, all the better.

    Part of my point was to address some of the hand-wringing that is going on about what to do in the Middle East and Jerusalem. To me, it would be prudent to agree to disagree about those differing beliefs, and not kill each other over them.

    I know. Easier said than done.

    A multitude of blessings to you today, and everyday.

    #37716

    Diogenes Shrugged
    Participant

    Oxymoron,

    Do the forest fires in Australia burn homes completely to white ash but spare the trees?

    This isn’t about me. I get my information from the Internet. There is no shortage of video on YouTube showing the evidence for directed energy weapons being used to incinerate CA subdivisions.

    #37717

    Diogenes Shrugged
    Participant

    Better shots of the trees that didn’t burn.

    Precision burns. “Smart” fires?

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