Debt Rattle April 24 2019

 

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  • #46883

    Giovanni Bellini Pietà 1474   • Bipolar Markets in the “New Mediocre” (Roubini) • Fed Key Interest Rate Keeps Climbing, That Could Become A Probl
    [See the full post at: Debt Rattle April 24 2019]

    #46884
    V. Arnold
    Participant

    Giovanni Bellini Pietà 1474
    A much nicer sky…

    As every human with a functional brain has observed; the Good Ship Lollypop is going down; and is epitomised by the high crimes, commited against Julian Assange and Chelsea Manning for their due diligence.
    Meanwhile, the deck chairs are being rearranged to distract from today’s reality.
    The utter shame on every American is their utter complicity by omission…

    #46885
    V. Arnold
    Participant

    …and even more:
    Surefire Way to Hasten Imperial Decline: US Tells China, India and Turkey They Cannot Import Iranian Oil
    Japan, South Korea, Italy, Greece and Taiwan will also be subject to Pompeo’s new policy

    From RI

    This is unbridled insanity, cloaked in official government foreign policy…
    And there it is in plain view; there is no attempt to word it to death as rational…

    #46886
    John Day
    Participant

    http://www.johndayblog.com/2019/04/moral-decay.html
    Last week Mike Pompeo spoke at Texas A&M University, itself long known for being a favored recruiting ground of the CIA, considering too that one of the university’s last presidents, Robert Gates, was CIA chief and later served as Bush and Obama’s Secretary of Defense.
    During the Q&A session, Pompeo boasted that in the CIA both the training and culture are geared toward the following:
    “We lied, we cheated, we stole.”
    Interestingly, a Christian religious news broadcaster was the only media that seemed to pick up on Pompeo’s words last week, and described it as follows: “that’s not the resume of the Secretary of State… that’s the resume of Satan.”
    https://www.zerohedge.com/news/2019-04-21/i-was-cia-director-we-lied-we-cheated-we-stole

    The Triumph of Evil, Paul Craig Roberts
    Today (April 17) I heard a NPR “news” report that described the democratically elected president of Venezuela as “the Venezuelan dictator Maduro.” By repeating over and over that a democratically elected president is a dictator, the presstitutes create that image of Maduro in the minds of vast numbers of peoples who know nothing about Venezuela and had never heard of Maduro until he is dropped on them as “dictator.” …Secretary of state Mike Pompeo and vice president Pence have added their big mouths to the propaganda against the few independent governments in Latin America. Where is the shame when the highest American government officials stand up in front of the world and openly proclaim that it is official US government policy to overthrow democratically elected governments simply because those governments don’t let Americans plunder their countries?
    How is it possible that Pompeo can announce that the “days are numbered” of the elected president of Nicaragua, who has been elected president 3 or 4 times, and the world not see the US as a rogue state that must be isolated and shunned? How can Pompeo describe Washington’s overthrow of an elected government as “setting the Nicaraguan people free?”

    The Triumph of Evil

    ​James Petras on why Venezuela has not folded to the empire quite yet.
    Despite the two decades of pressure by the world’s biggest imperial power ,which bears responsibility for the world’s highest rate of inflation, and despite the illegal seizure of billions of dollars of Venezuelan assets, the people remain loyal , in defense of their government. The reasons are clear and forthright.
    The Venezuelan majority has a history of poverty, marginalization and repression, including the bloody massacre of thousands of protestors in 1989. Millions lived in shanty towns, excluded from higher education and health facilities. The US provided arms and advisers to buttress the politicians who now form the greater part of the US opposition to President Maduro. The US- oligarch alliance extracted billions of dollars from contracts from the oil industry.
    Remembrance of this reactionary legacy is one powerful reason why the vast majority of Venezuelans oppose US intervention in support of the puppet opposition.
    http://www.unz.com/jpetras/why-venezuela-has-not-been-defeated/

    ​Charles Hugh Smith:​
    Consider America’s favorite pastime, corrosive partisan politics. This distemper is often traced back to (surprise!) extreme partisans, but as the chart below shows, political partisanship has risen in near-perfect correlation with wealth-income inequality, which it itself the hallmark of deeply systemic corruption, as the system is rigged to benefit the few at the expense of the many. (Chart courtesy of Slope of Hope.)
    There’s a phrase that describes a socio-economic system becoming the means for personal aggrandizement at the expense of civil society itself: moral decay.​ ​How else can we describe a system whose inputs and processes are rigged so the output is the vast majority of all income gains flow to the top 0.1%? (See chart below.)
    When a socio-economic system institutionalizes the extralegal privileges of wealth and power, that is moral decay. When government only responds in ways that first serve the interests of entrenched insiders, that is moral decay. When the financial system is rigged to sluice income and wealth to the top of the wealth-power pyramid while strip​-​mining the productive class below via inflation and taxes, that’s moral decay. (See chart below of workers’ share of the national income.)
    https://www.oftwominds.com/blogapr19/moral-decay4-19.html

    #46887
    Dr. D
    Participant

    c1474. Looks very 1974. Shows how fashion is a big cycle.

    “These so-called investors are in reality a bunch of rich socialists waiting for a central bank to hand them money.”

    I believe it was Fekete among many others who said this. “Once Upon a Time”. “Once Upon a Time we had Bond Vigilantes.” To buy off the bond vigilantes takes money. So they lower interest rates and thereby create 100% certain profits for bondholders. But what is a market, a business, that has all profit but no risk? Welfare. Bribes. Extortion. Socialism for thee but not for me. So it is not hyperbole, it is PRECISELY a bunch of rich socialists who will behave only and as long as the central bank hands them risk-free money hand over fist. Should that end…well, the deal’s off, and we might have markets again. Oh noes! Honest price discovery! That all the paper promises you won are really worthless! Whatever shall we do? I think we end it with more socialism and more fascism, and bail them out of that too.

    History is not kind. Ask Macron.

    Point: “Fed Key Interest Rate Keeps Climbing, That Could Become A Problem (CNBC)”

    Uh-oh, angry, uncooperative bond vigilantes. The bond holders who are by definition le plus ultra rich and powerful.

    If that happens, will Russia be standing? Russia can back 100% today on their gold reserves, you know, the ones the BIS just made Tier 1 assets, as good as gold? (Wait: why weren’t they already??) China can not only back on gold, but massive industry. That leaves Europe and America as the village idiots. Giving away a quarter for two dimes, because they’re S.M.A.R.T. The only thing they had left was the military, and that’s gone because they can’t cut corruption just a teensy bit.

    What was that about history not being kind? It’s more a clue-by-four kind of action.

    “Cut the Price and They Will Come: US New Home Prices At Dec. 2014 Level (WS)”

    Unlike most things, this will not go in a historic way, and this time will be different. Why? Because your homebuyers are millennials, and the Boomers forced the Millennials into $2T of student loan debt to keep some other scams running. Congratulations, that $2T ($1.3T still owed) was the exact money needed to buy a house, and buy that house AWAY from a Boomer so they could retire. The children have no money = no buyers = no sales = no retirement. And a lot of ill-will. They could have just defended them and made sure they had paying jobs, normal conditions, and therefore would have the money to buy stocks, bonds, houses from retirees as has happened for 100 years, but nope. They done broke the system, and the system is broke. At 3x income, and with over 100% of income already owed to student loans, prices will have to get very, very low indeed before they can buy. $50k instead of $250k? Probably. But the Fed’s interest rates will now have little effect. They effect is really that they hand money with a firehose to BlackRock, who buys up houses by the hundredweight, and no human, no family, owns them evermore.

    “Hillary Outlines “Roadmap” To Trump Impeachment (ZH)”

    Again, great! For what crime? The one Mueller couldn’t find?

    Hillary — the one who was too partisan and corrupt to even sit-in on the Nixon impeachment and got fired – says anybody else would have been indicted. Besides that Presidents cannot be indicted – they must be impeached – it’s pretty amazing considering she had 30,000 off-site emails, each one of which is a felony, PLUS got 18 CIA agents murdered in China for the same breach, and was not only not indicted, she wasn’t even questioned until after the Comey exoneration, and never under oath. Clearly not all animals are capable of being indicted for their felonies, only some. PS, still waiting for the FBI to look at the DNC servers.

    But…pointless. The only thing here is that barking up this tree is not an election-winner in 2020. Apparently they’re going to re-run the 2016 election over and over until everybody dies of old age because that worked so well in losing the Presidency, the Senate, the Governors, and the Courts.

    “Brennan was able to use his connections with those foreign intelligence agencies, primarily the British GCHQ”

    And this is how the real election-rigging was British, not Russian. That’s the leverage they, Trump, has going forward, for example in NZ, or with Assange. 5 Eyes is one big election/leader/agenda tampering party, all in favor of the CIA/MI6/Secret State insiders. And against you. This from a guy who perjured himself in Congress by saying no data is kept on any American citizens, and no one was surprised at this himalayan, transparent lie, nor have any charges for this incredible crime – 300 Million felony breaches of the 4th Amendment – ever been brought. But hey, trust him on MSNBC, he’s not biased or anything, we always have the CIA be our actual, literal news anchors. Why would he lie? Only to escape charges of felony, sedition treason, and death by hanging until dead. I’m sure this time he’ll tell us the truth: he’s on T.V. for gosh sakes! Defies description sometimes, doesn’t it?

    “UK MPs Campaign to Have Donald Trump’s State Visit Cancelled (G.)”

    Thankfully, there’s nothing important going on in Britain right now so they have a lot of time to waste doing this.

    “It “beggars belief” that the government is offering the red-carpet treatment to Trump given his attacks on British and American values.”

    You mean values like MI6 trying to dictate the American election, their supposed ally? Yeah, Trump is the aggressor here, and you’re the victim. Right. He’s probably going over there to negotiate to not pursue this outrageous act 24/7 in public so long as Britain will do whatever he says. I would not be as generous because I put a premium on the truth. People have to know who our real enemies are, Britain.

    #46888
    V. Arnold
    Participant

    It’s also good to have a life outside of the mayhem that is the captured news across this planet.
    This morning I watered my bird’s nest fern (3.5 meters across and 14 years old) and the wild orchids growing in our trees.
    It’s a daily chore that brings reality to the fore; pushing the imposed reality, to the back of the daily reality imposed as real!.
    Sanity refreshed on a daily basis…
    Highly recommended…

    #46889
    V. Arnold
    Participant
    #46891
    zerosum
    Participant

    My two cents are not necessary with this audience.

    c1474. Looks very 1974. Shows how fashion is a big cycle.

    I see bald heads, beards, a devoted attending mourning wife and wonder what is in the drinking cup.

    #46892

    True zero, just another bunch of hippies

    #46893
    PlanetaryCitizen
    Participant

    It’s interesting how when it’s Trump’s policy and his policy alone (along with his enabling sycophantic advisers), like the current oil policy with Iran, it’s the U.S. doing it. No mention of Trump. Remember that Iran treaty Trump pulled out of?

    When Brits protest his upcoming Tea and Crumpets with the Queen it’s “clean up your own house.” They’re stuck with their own buttheads but they damn sure don’t have to be happy with inviting some excitotoxin addled (see diet cokes) pussy grabber for a settee with the Queen. Nope, no bias for Trump on this website!

    Verret first called for Trump’s impeachment in a series of tweets on Saturday. He continued to argue the severity of Trump’s apparent misconduct in a statement issued Tuesday by Checks & Balances, a group of conservative and libertarian attorneys…

    Finished a second read through the Mueller Report (Verret). I don’t say this lightly, as a life long Republican, former R Hill staffer, and someone who has worked on every R campaign and pre-transition team for the last ten years. There is enough here to begin impeachment proceedings.

    “Depending on how you count, roughly a dozen separate instances of obstruction of justice are contained in the Mueller report,” Verret wrote. “The president dangled pardons in front of witnesses to encourage them to lie to the special counsel, and directly ordered people to lie to throw the special counsel off the scent.”

    “We believe the framers of the Constitution would have viewed the totality of this conduct as evidence of high crimes and misdemeanors,” the group said in the statement. “Accordingly, Congress, which carries its own constitutional oversight responsibilities, should conduct further investigation.”

    #46894
    seychelles
    Participant

    “Will Russia be the last one standing?”
    What we (those who embrace or are subject to Zioglobalism) are about to endure, the Soviet Union went through during its dissolution. Russians will be happy to watch from the sidelines.

    #46895

    Sorry PC, but you’ll have to come up with precise examples.

    “..roughly a dozen separate instances of obstruction of justice are contained in the Mueller report,”

    Sure, name them.

    “We believe the framers of the Constitution would have viewed the totality of this conduct as evidence of high crimes and misdemeanors,”

    We’re in get-a-life territory here. Specify. There’s nothing so far but opaque innuendo. If this refers to the Mueller report, the specifics must be from there?! Let’s see ’em then.

    No, no bias FOR Trump here (I really have to explain this 10x a day?). But a lot of bias against him elsewhere. And that I WILL attack.

    For the same reason I WILL defend Julian Assange. Because people shouldn’t be judged on gossip and hearsay.

    #46896
    Rototillerman
    Participant

    “UK MPs Campaign to Have Donald Trump’s State Visit Cancelled (G.)”

    Thankfully, there’s nothing important going on in Britain right now so they have a lot of time to waste doing this.

    Dr. D, you’re killing me here with the deadpan humor! Thank you for posting your daily musings, they are well worth scrolling down to the comments section.

    #46897
    zerosum
    Participant

    Let’s see 12 cut and paste so that we can discuss them.

    #46898
    V. Arnold
    Participant

    No, no bias FOR Trump here (I really have to explain this 10x a day?). But a lot of bias against him elsewhere. And that I WILL attack.

    I think we have entered the era of fact free existence; the band wagon rules, facts be damned.
    It’s worked against Assange and Manning; now Trump is next.
    The crescendo builds…
    Sadly it highlights a total lack of critical thinking skills for the majority…

    #46899
    V. Arnold
    Participant

    I would add to the above; that poor reading comprehension plays into a lot of this as well.

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