Debt Rattle August 18 2019
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Pablo Picasso Dora Maar 1937 • A Global Recession May Be Coming A Lot Sooner Than Anyone Thought (Henrich) • Why Negative Rates Will Devastate
[See the full post at: Debt Rattle August 18 2019]“History suggests that on average a recession begins 22 months after a yield curve inversion. It’s not until about 18 months after an inversion that the stock market turns negative. Yet Bank of America Merrill Lynch numbers indicate that we have less time.”
Perfect for the election, except, we’ve been in a recession the whole time, and most quarters since ‘00. It’s just the cover up and rigging that’s being overwhelmed.
I guess seen that way, Great Depression, anyone? You know, where a generation lives under bridges in L.A., a generation lost in family formation, and a generation of hiding and “helping” that’s an expensive, catastrophic, complete failure? Yes.
Well, the pretending is ending now, which will clear the markets. No one will like it, but unlike government helping, it will work.
“US National Debt Spiked $363 billion in 2 Weeks, $1 Trillion in 12 Months (WS)”
This is the ‘helping’. $1.5 Trillion a year. Now this is not all, as we know from the $20T missing in govt budgets plus the ‘off-budget’ one-time accounting, plus the FAASB changes that insure there is NOOOOOOOOOOOO government accounting ever again. Any dept. can hide any expense for any reason and call it ‘national security’, which is why democracies don’t have such things. But the exponential curve must increase, and at an increasing rate, now vertical for arguably 8 years, or they collapse. The Donald was installed by military intel to cope with the collapse/reset of that obvious curve, and negotiate our/everyone’s bankruptcy. He is being prevented because, how can they buy up the nation at 10c on the dollar and erase the Constitution if he does?
“Who the heck is buying all this debt” … is becoming increasingly nerve-wracking”
We are, in the PPT and ESF. We have been for years, but all the other nations had no other currency to go to. “It’s our currency but YOUR problem”,c. 1974. China had bailed FHA and crashed us way back when, and Operation Twist was just to cope with their flopping maturities. They already nuked us, financially. We just ate it like the Blob. Here’s the thing: after 100 years of open auctions, rigged by the back door in rate swaps and direct monetization Fed-to-Morgan bond purchases, now even THAT facade is dead. There is NO foreign bond buying. None. They moved the auctions to private, on a private phone call, to hide how bad it is. But as above, we’re in a vertical compounding set in 1971, or even 1963, and math doesn’t care. We can hold it off through direct Zimbabwe means, and are, but the clock is short and we’re here to negotiate the bankruptcy and reset. Worldwide. China bailed out three DeutscheBanks this month, so apparently our trade war is having an effect, and giving us leverage for later.
“Prime Minister Boris Johnson … Westminster parliament cannot stop Brexit”
Speaking of negotiating. The agreement is irrevocably screwed thanks to May’s “treason” but that’s what it is, he’s finally getting them to budge. A little. Probably won’t get much, but neither will it matter. The core currency drops last, so the EU will drop 1st or 2nd and make the UK look prescient. Then it won’t matter. Everyone will finally have bigger problems, and some dose of reality in their ninny little nonsense worlds.
“The Gall of Ghislaine Maxwell”
I wouldn’t call it gall. She’s doing some “In-n-Out” and getting photographed reading “A History of CIA Agents”in public. What do you think she’s saying, this daughter of Mossad who according to Acosta, was the world’s top “Intel” blackmail operation even low-life dummies like me knew about for 30 years, to say nothing of the FBI, CIA, MI6, and Prince Andrew’s security detail. (But Boy Scout Mueller let go on as child after child was raped.) So she is telling them, what, exactly? Since I’d bet 95% THOSE agencies already knew where she was and have been following her from house to house, friend to friend.
“Hong Kongers Brave Rain To Join Anti-Government Rally (R.)”
Looks like they finally got their “Umbrella Revolution”. Somehow someone on earth is still dumb enough to trust the Anglos while China masses tanks. They don’t have a Bill of Rights in China. Consider.
“World’s Nations Gather To Tackle Wildlife Extinction Crisis (O.) “
It’s those same nations ‘helping’ that set policies requiring the extinction of all life on earth that had never happened before. For tax revenue, ‘natch, as they can’t stop handing money to their friends.
Epsilon Theory:
The thing about the Common Knowledge Game, though, is that once you start looking for it, you see it everywhere, not just in our investment lives, but also in our social and political lives. The public unmasking of Harvey Weinstein as a serial rapist (that’s the word, people) is an archetypical play of the Common Knowledge Game, and recognizing its dynamics should open everyone’s eyes to how other high and mighty people and ideas can take a fall.
The core dynamic of the CK Game is this: how does private knowledge become — not public knowledge — but common knowledge? Common knowledge is something that we all believe everyone else believes. Common knowledge is usually also public knowledge, but it doesn’t have to be…
The reason this dynamic — the transformation of private knowledge into common knowledge — is so important is that the social behavior of individuals does not change on the basis of private knowledge, no matter how pervasive it might be. Even if everyone in the world believes a certain piece of private information, no one will alter their behavior. Behavior changes ONLY when we believe that everyone else believes the information. THAT’S what changes behavior. And when that transition to common knowledge happens, behavior changes fast.
The classic example of this is the fable of The Emperor’s New Clothes. Everyone in the teeming crowd possesses the same private information — the Emperor is walking around as naked as a jaybird. But no one’s behavior changes just because the private information is ubiquitous. Nor would behavior change just because a couple of people whisper their doubts to each other, creating pockets of public knowledge that the Emperor is naked. No, the only thing that changes behavior is when the little girl (what game theory would call a Missionary) announces the Emperor’s nudity loudly enough so that the entire crowd believes that everyone else in the crowd heard the news. That’s when behavior changes.
And so it was with Harvey Weinstein. Apparently it was no great secret that he is a serial rapist. Apparently everyone in Hollywood was familiar with the stories. It was ubiquitous private knowledge, and pretty darn ubiquitous public knowledge…
But there was never a Missionary. There was never anyone willing to shout the information so loudly and so publicly that it became common knowledge. That’s what Rose McGowan did, and that’s the power of Twitter and modern celebrity — to establish Missionaries and create common knowledge.
Once that common knowledge was created, once all the private holders of all of Weinstein’s dirty secrets believed that everyone else believed that he is a serial rapist, then everyone’s behavior changed on a dime. His publicists and lawyers and partners and colleagues and board of directors and wife were shocked … shocked! … to hear of his behavior, and certainly would no longer be representing him or working with him or associating with him ever again, even though NOTHING had changed in the information they already possessed. Ditto with Weinstein’s other victims. Their behavior changed, as well. That’s not a knock or a slam on them. In the absence of common knowledge, staying quiet — whether you’re an abettor or a victim — is the rational thing to do. In fact, this is what Weinstein and his abettors count on, that their threats and shaming and bribes will set up a Hobson’s Choice for victims. Sure you can go public, but no one will believe you and then we will ruin you. So yeah, go ahead. It’s your choice. Of course no one goes public, because a Hobson’s Choice is not a real choice. Only a victim with Missionary power (and that’s a really rare thing) has the option to not just go public with the story — because simply going public is not enough to change behavior — but to create common knowledge with the story.Sister Caitlin in Oz:
What cracks me up most about all this is that the faux outrage over Sanders’ criticisms of The Washington Post was completely unnecessary for everyone involved. They could have just ignored it and let the news churn bury it, but they’re so insulated in their little echo chambers that they seriously believed they could get the public rallying to their defense on this. The general consensus was something like “Ah ha! Bernie did that media-criticizing thing that we all agreed nobody’s allowed to do anymore! We’ve got him this time, boys!”Mass Media’s Phony Freakout Over Bernie’s WaPo Criticism Is Backfiring
New York Medical Examiner declares that Jeffrey Epstein is dead, and that he even did it himself, and broke all those bones in his neck by hanging himself with sheets made flimsy to prevent that, by tying a sheet to the 6 foot high top bunk and jumping off it in a cannonball pose, just right to do all the damage.
Not explained is how the corpse that doesn’t have Epstein’s nose or ear is Epstein, or the massively bruised side of the face, or the swollen ear with blood in the canal, nor if the fingerprints matched, etc.
His brother said the corpse was Jeff. That’s probably enough under New York law.
Somebody’s corpse is claimed and soon to be quietly and completely disposed of.
https://www.zerohedge.com/news/2019-08-16/its-official-epstein-committed-suicide-hanging-medical-examiner-rules42% of Americans believe Jeffrey Epstein was murdered. 29% believe he killed himself. Other speculations not included in poll. Mission Accomplished!
Only 29% of American Adults believe Epstein actually committed suicide while in jail, Rasmussen found. Another 42% think Epstein was murdered to prevent him from testifying against powerful people with whom he associated. A sizable 29% are undecided. Other theories have been floated (though they weren’t included in the poll). One is the notion that a ‘body double’ was found for Epstein, then was killed and posed to look like him in his jail, while the real Epstein fled.
https://www.zerohedge.com/news/2019-08-16/more-40-americans-believe-epstein-was-murdered-poll-showsOn Wednesday The Daily Beast posted a story that Ghislaine Maxwell was seen sitting openly at a burger joint in LA, reading a book about CIA operatives who died and/or were imprisoned due to their work. She identified herself to the photographer when asked. She has not been spotted in public for years. She apparently is a veteran reviewer for Amazon, and the next day 8/15/19 posted and Amazon review of the book under “G. Maxwell”, which is either touching or a joke, or a message to insiders. I thought it was a joke at first, but she may well have actually posted it. See these stories by Helen of DesTroy, and the author of the book (sold out from her review). “Format: Kindle edition” is a mistake, isn’t it?
https://www.rt.com/usa/466605-ghislaine-maxwell-cia-book-california/
https://beta.washingtonpost.com/opinions/ghislaine-maxwell-was-reading-my-book-at-in-n-out-burger-then-it-sold-out-on-amazon/2019/08/16/954511da-c05b-11e9-a5c6-1e74f7ec4a93_story.html?outputType=amp
G. Maxwell
5.0 out of 5 stars
A comforting read after a personal tragedy
August 15, 2019
Format: Kindle Edition
A good friend of mine died recently under very tragic circumstances. Some of us saw it coming for quite a while but it was still a huge shock when it finally happened. I picked up this book at the advice of a friend and absolutely couldn’t put it down. I’d read it walking the dog, getting fast food, or even just lounging around the house. It helped me realized that my friend really believed in something, and that giving your life for the CIA, NSA, FBI, Mossad, or other intelligence agency is truly a higher calling and not something to mourn. A wholehearted recommendation.At least people can talk about elite pedophilia now:
Now, as a tornado of conspiracy theories over Epstein’s death continues to travel across the internet like wildfire, the media can no longer ignore the problem, nor Epstein’s connections.
Maybe now, as the DOJ investigates, the media may start to actually report on this massive problem. This is not the first time high profile figures have been arrested for sick crimes against children and let off with a wrist slap, but it is the first time the media is giving it so much attention—because this sicko is now dead.
As TFTP reported, in April of 2016, Dennis Hastert, former Speaker of the House under Clinton and Bush — and admitted child rapist — was sentenced to 15 months in prison after he was caught paying his victims to keep quiet. However, he was released in 2017 — two months before finishing his already insultingly lenient sentence. The Trump administration called on Congress to reauthorize an NSA mass surveillance program that was exposed by whistleblower Edward Snowden.
The New York Times, which obtained the Trump administration’s request to Congress, reported that “the administration urged lawmakers to make permanent the legal authority for the National Security Agency to gain access to logs of Americans’ domestic communications, the USA Freedom Act.”
”The law, enacted after the intelligence contractor Edward J. Snowden revealed the existence of the program in 2013, is set to expire in December, but the Trump administration wants it made permanent,” according to the Times.
https://www.commondreams.org/news/2019/08/16/alarm-trump-requests-permanent-reauthorization-nsa-mass-spying-program-exposedYemen just fired an attack drone, a cruise missile, 1000 miles, to attack a Saudi oil installation.
It was built in Yemen, with technical help from Hezbollah, using an Iranian design, which was informed by Iran’s capture of an American stealth drone, used against Iran.
The UAE made a move away from the House of Saud, and toward friendship with Iran last month.
Power relationships in the Persian Gulf are suddenly shifting.
https://www.moonofalabama.org/2019/08/long-range-attack-on-saudi-oil-field-ends-war-on-yemen.html#moreWhen Boris says the UK Parliament has no control over BREXIT it is a simple statement of fact.
That is how article 50 works.
Once invoked it is purely between the leader of the UK and other EU leaders.
Teresa May could have signed the deal at any point and it would have been binding.
Just because some are ignorant about a fact it does not mean that their view has any validity.
I doubt that Macron and Merkel are ignorant of this FACT.
….taken at an In-N-Out Burger in the San Fernando Valley….
Caption for this little occultist Sabattean Frankist Porn Poster should read, “The More Things Change, The More They Stay The Same: We Are Still In Charge and You Are Powerless to Change the Situation. Har Har Har”
Why can’t we see the leaked document? Which way are the unready lorries travelling? Why can’t the customs just let them through even though they are not ready? People think the law is like a physical object which pins you to a wall or something. It’s not. If it is a silly law you can change it or ignore it. One of the EU Kings could just issue a decree in a press statement. People don’t even bother with the speed limit in this country, why would they cause starvation by stopping lorries?
If we had no food the army would take over the port and let the lorries through. If the French army tried to stop that it would be an act of war.
When Boris says the UK Parliament has no control over BREXIT it is a simple statement of fact.
I think in theory parliament could pass a law requiring Johnson to revoke or postpone article 50. But it might take them too long to do that.
HONG KONG
Under the British Hong Kong was never allowed democracy. The first use of plastic bullets by the British was in Hong Kong against rioting Chinese. Many Chinese were so poor that they lived outside in cages stacked on top of one another.
Halcyon days the protesters want to come back! They may even succeed!
I have no doubt that the protests are being orchestrated by the US and the UK. They are doing it for a bit of a giggle hoping they can cause problems for the Chinese government.
I think one of the main aims is to destroy the economy of Hong Kong. It is far easier to create terrorists when the target population is suffering. So far I read that some of the richest have left Hong Kong [with their money], also of course tourism has crashed. I don’t think targeting the airport was random. I feel that the US wants China to intervene harshly to provide a reason for escalation.
Whether they like it or not Hong Kong is part of China, although with special privileges. If the protests can provoke China enough to revoke these privileges then the US can use it for political posturing.
By contrast : I wonder how the US would react if China started funding, for example, ANTIFA, and directing their actions!?
@John Day – Thanks for posting the link to Ben Hunt’s Epsilon Theory “Harvey Weinstein and the Common Knowledge Game”. A similar discussion is also posted this weekend at Chris Martenson’s site https://www.peakprosperity.com/when-common-knowledge-changes-the-world/
A relevant quote from Ben Hunt: “Behavior changes ONLY when we believe that everyone else believes the information. THAT’S what changes behavior. And when that transition to common knowledge happens, behavior changes fast.”
@Bluebird,
I saw Chris Mertenson’s site from Zero Hedge, then found I liked the Epsilon Theory original,by Ben Hunt better. 🙂
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