Debt Rattle June 25 2019

 

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  • #48176

    Pablo Picasso Minotauromachie 1935   • Interest Rates Don’t Need To Rise Much To Cause Recessions Now (Colombo) • The Federal Reserve Is About To
    [See the full post at: Debt Rattle June 25 2019]

    #48177
    V. Arnold
    Participant

    Ahmed Ben-Mussa
    @Ben_Mussa
    The beauty of mathematics (gravity vs force tension) in pendulum motion

    Spectacular video; thank you so much…
    😮

    #48179
    V. Arnold
    Participant

    Pablo Picasso Minotauromachie 1935
    Almost Dante’esque in composition; at least a possibility…

    U.S. foreign policy is macabre’ at best and insane as hell at worst.
    Diplomacy has become a place of swords, sheilds, and threats.
    And out of the chaos comes a voice, trying to sound like god almighty himself; demanding the world (all of it) pay fealty to the U.S.?
    WTF????
    Those the gods wish to destroy they first make mad…
    Clearly those governing the U.S. are mad…

    #48182
    John Day
    Participant

    http://www.johndayblog.com/2019/06/strait-scoop.html
    Tom Luongo summarizes:
    It is clear that Iran is sending the U.S. a stern message. And that message is we can hurt you asymmetrically as much as you hurt us.
    Over the weekend Iran’s leadership made it clear there was no mistake in their actions last week. They purposefully shot down one of our most advanced drones to send the U.S. a very clear warning.
    ‘Our capabilities far exceed your tolerance for withstanding them.’
    The more we learn about this incident the more the initial story concocted by the U.S. looks specious. Drone in international airspace? Most likely not.
    Trump said someone made a mistake? No, completely deliberate.
    The drone that was shot down, an RQ-4A Global Hawk, was the cream of our surveillance drones. It was flying in tandem with an anti-submarine Poseidon P-8 spy plane, which, according to Elijah Magnier was carrying far more than its normal crew of 9.
    Try 38…
    There was no mistake involved. No IRGC officer panicked. Iran deliberately targeted the Global Hawk after it failed to respond to hails to leave Iranian airspace and turned off its GPS, lights and digital systems.
    It was acting as a hostile and Iran treated it as such. After sparing the Poseidon P-8 and its crew and passengers Iran shot down the drone.
    That said Iran made this decision only after getting confirmation that the U.S. ruled out going to war with them. So, they stood down from shooting the Poseidon, which was the initial target, according to Magnier’s sources within the IRGC.
    “Iran was about to hit and destroy the US Navy P-8 Poseidon spy and anti-submarine Boeing that was flying in the area when we received confirmation that the US had decided not to go to war and not to bomb any control and command or missile batteries positions, cleared or non-cleared, along the Straits of Hormuz. Had Trump decided otherwise, we had orders to hit several US and US allies’ targets and the Middle East would have been the theatre of a very destructive war with huge losses on all sides”, said an Iranian IRGC General.
    But even after that confirmation came down Iran still chose to shoot down the drone. This was a clear message that actions speak far louder than words.
    The Iranian leadership decided it was time to test Donald Trump’s mettle. They didn’t have to shoot down the drone. But if they didn’t it would give the U.S. carte blanche to violate Iranian airspace without fear of reprisal solely because back-channel communications say, for now, the U.S. has stayed its hand.
    https://tomluongo.me/2019/06/24/iran-message-sent-message-delivered/

    The Strait of Hormuz has no “international waters”. It’s Oman’s water or Iran’s water. It can’t be kept open against Iran’s will.
    The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The Strait of Hormuz is the world’s most important oil chokepoint because of the large volumes of oil that flow through the strait. In 2018, its daily oil flow averaged 21 million barrels per day (b/d), or the equivalent of about 21% of global petroleum liquids consumption.
    Chokepoints are narrow channels along widely used global sea routes that are critical to global energy security. The inability of oil to transit a major chokepoint, even temporarily, can lead to substantial supply delays and higher shipping costs, resulting in higher world energy prices. Although most chokepoints can be circumvented by using other routes that add significantly to transit time, some chokepoints have no practical alternatives.
    https://www.eia.gov/todayinenergy/detail.php?id=39932
    The stick is a failure. What’s your carrot?
    President Trump delivered on his promise to impose new sanctions on the Supreme leader and other senior Iranian officials on Monday, with Treasury Secretary Mnuchin adding that more sanctions against Foreign Minister Javad Zarif would be handed down later this week.
    Though we imagine the Iranians vastly prefer the sanctions to a missile strike on Iranian soil (a strike that Trump famously speculated could involve 150 casualties), and although the threat of all-out warfare in the Middle East has been averted (at least for now), Tehran is telegraphing a message of defiance, saying the path to a diplomatic solution is now permanently closed.
    https://www.zerohedge.com/news/2019-06-25/new-us-sanctions-mean-path-diplomacy-forever-closed-iran-warns

    #48183
    Dr. D
    Participant

    “The Solution to Trump’s Iran Mayhem (FFF)”

    We didn’t have a “treaty” as is the norm, because that would have to be approved by the Senate. We never had a “deal” either –whatever that is— because even what they had wasn’t signed by anyone. So Iran actually believed us? We double-crossed a deal we never had, that no one ever signed? And why wasn’t it signed? Because it would have to be published and no one could be allowed to know what was in it?

    So “tis a tangled web we weave/when first we practice to deceive.” But Iran is no babe in the woods here. What do you THINK they thought they were getting when they said yes to a deal with the U.S., unapproved, unseen, and unsigned? Do you think because they’re not white they’re idiots or something, some poor little children, helpless before us? I sure don’t, but I’m happy to let them lambaste us for giving them the cause and opportunity to do so.

    Still. Nations don’t have “Deals”. “Deals” are not legal structures. Nations have “Treaties”, approved by the well-known requisite processes of their respective governments. Trump’s mayhem? For leaving a deal we never made and neither side signed? Whatever. Make the deal Obamaman, get it legally signed and don’t go around the entire government, democracy, and the people too and you won’t have these problems. Shouldn’t someone impeach Congress for dereliction of duty?

    “There is but one solution to all this mayhem: Restore America’s founding principles of a limited-government republic and its founding foreign policy of non-interventionism. That’s the way to restore peace, prosperity, morality, harmony, normality, fiscal responsibility, and freedom to our land.”

    Could not agree more. Oh, and PS, it’s already the LAW, so clearly no one is following or enforcing that. It’s only enforced on me and pedestrians in Ferguson, but never, never illegals who skip bail and their court date. But if the people approve of all this and won’t hold anyone to account, well, “Our Constitution was made only for a moral and religious People. It is wholly inadequate to the government of any other.”

    “Iran Says New US Sanctions “Permanent Closure” Of Diplomacy (AFP)”

    Nations are essentially immortal. There’s no such thing as a “permanent closure of diplomacy” although as embargoes are an act of war (helloooo U.N.? Thanks for insuring the end of human rights for the past 50 years here, for AGW has nothing to do with it when you’re on the watch.) I understand what he’s saying. Let’s follow what we just learned here:

    “International Waters” are an area 14 miles from the coast. So what do you do when the water is only 30 miles wide, as in Hormuz? You make special arrangements, with special maps. That’s how a certain unmanned plane can be both in Iranian airspace AND international waters at the same time, depending on your definition, as decided by a bunch of crooks and psychopathic liars. So this vehicle takes off, is out there provocatively probing Iranian airspace 7,000 miles from home, then when warned off, actively shuts off its GPS, goes dark, and doesn’t respond. Um, yes, quite rightly that plane is going to be blasted into a million pieces. But here’s the other side: the co-plane Poseidon P-8 was wildly overstaffed with 38 instead of 9 men and was accompanying it, and therefore a natural and inevitable co-target for Iran.

    So…somebody want to tell me who set up this turkey shoot? One carefully planned and engineered to get Trump and Iran into war, and thus the U.S., Russia, and China? Cause it sure seems like a few loose guys in the Pentagon, and certainly NOT the 38 in the P-8. Check those guys’ names because clearly they are the arch-enemies of the villians who tried to get it shot. And golly, who cud ever know this was a trap and a set up, one you have to not fall into but withdraw from after you tracked the planners/leakers?

    So how does this fit with the similar [non]provocations of the [non]sunk tankers being [non]attacked by Iran? How does it compare to closing commercial airspace overhead, as the next obvious thing for a third-party someone to cause this war? So predictible.

    Anyway, since no one bothers to report details but shoots off about how the admin is being run by Tucker Carlson, my point is entirely different. Cheeto says in response, “Hey, why are WE protecting ships in the Gulf without pay?” Why? Why!?! Because that’s the whole petrodollar system, sir, that’s why! That’s the whole planet earth since Kissinger in 1971. That’s the U.S. as the One World Government™ and World Police™ with Universal Jurisdiction™ over everyone. If you stop that, the U.S. would be merely, “a limited-government republic and its founding foreign policy of non-interventionism” and who wants that? So you see what’s being set up if you’re listening at all. The U.S. is exiting the petrodollar and making new agreements, new trade, new fundamental structure. And that’s going to savage Saudi and probably Israel as well. It is going to retreat to its borders and be a normal nation, following normal law. Oh noes! But suddenly all this mix-up! Wot a shock!

    Back home, any signs, USDX clues if it’s going to swap? After 6 years in channel, (when Obama double-crossed the last reset, stole Ukrainian gold and attempted Brzezinski’s WWIII) gold breaks out to $1400. After the requisite obituaries, Bitcoin breaks up $1,000 in one day to $11k. Hey, I thought it was going away! Worthless! A scam! …Oh and every time oil gets too low, which will break a bunch of countries/markets, like clockwork a refinery or tanker goes off and holds the price above the danger line. We’re super lucky like that.

    Okay, looking for more? In the transition of a bankrupt nation which has had its industry utterly destroyed by Clinton, Bush, and Obama, we’re running a $2T deficit and have to get massive capital flows from somewhere. Anywhere. When you’re this large, with vertical compounding interest, Everywhere,in fact, or die this very hour without them. So you notice one end of the Silk Road, a competitor to our investment, Iran, is being shut off. Meanwhile, the other end of the Silk Investment Road is ALSO being shut off, but being a tough nut, is getting pried open via their investment fulcrum of Hong Kong? Yeah, that. Weird how they suddenly had trouble, isn’t it? Don’t get lost in the thick of thin things. That $2T hole and $5T/day Forex is running things, not Tucker’s Tweets. Things DO make sense. They’re just not going to tell you. They’re going to lie, confuse, and report the dead opposite because that’s #AntiLogos, their master’s will. So whose #Mayhem is it again?

    #48185
    zerosum
    Participant

    • Interest Rates Don’t Need To Rise Much To Cause Recessions Now (Colombo)

    Irrelevant …. will not be the cause and effect
    ——–
    • The Federal Reserve Is About To Create A Lot More Zombies (MW)

    Irrelevant …. Japan is still existing even after buying up all the zombies …. everyone still have a long way to go.
    ——
    Iran was double-crossed by the U.S. government operating under Trump. (I wonder if North Korean officials are noticing this.)

    gave the nation assassinations, torture, coups, regime-change operations, alliances with dictatorial regimes, installation of dictatorial regimes, sanctions, embargoes, illegal invasions and occupations, undeclared wars, wars of aggression, terrorism, a war on terrorism, out-of-control spending and debt, and, of course, the destruction of American liberty and privacy.

    Don’t assign/give the credit to Trump. Trump is just an ignorant real estate puppet.
    ——-
    • Iran Says New US Sanctions “Permanent Closure” Of Diplomacy (AFP)
    —–
    Relevant ….

    Someone is listening to “Mother Earth”

    The world is increasingly at risk of “climate apartheid”, where the rich pay to escape heat and hunger caused by the escalating climate crisis while the rest of the world suffers, a report from a UN human rights expert has said. Philip Alston, UN special rapporteur on extreme poverty and human rights, said the impacts of global heating are likely to undermine not only basic rights to life, water, food, and housing for hundreds of millions of people, but also democracy and the rule of law. Alston is critical of the “patently inadequate” steps taken by the UN itself, countries, NGOs and businesses, saying they are “entirely disproportionate to the urgency and magnitude of the threat”. His report to the UN human rights council (HRC) concludes: “Human rights might not survive the coming upheaval.”

    #48186
    anticlimactic
    Participant

    SANCTIONS

    Do sanctions work? My feeling would be ‘no’. It allows those in authority to maintain their grip. I can not imagine the regimes in Cuba and North Korea would have survived if they had been allowed to trade normally. The Chinese government is far more threatened by their global trading than they were as an isolated country.

    Iran allowed their moderates to negotiate the JCPOA as a test to see if the West could be trusted. [Nope!] But the sanctions now give influence back to the hardliners, the exact opposite of what they want to achieve.

    Or is it?

    The US needs a number of imaginary enemies to bolster its’ own regime, so it is perhaps no surprise that the agreements with Cuba and Iran were ripped up, plus the absurdly escalating conflict with China.

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