Debt Rattle August 21 2015
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Lewis Wickes Hine Newsies in St. Louis, N. Broadway and De Soto 1910 • Greek PM Alexis Tsipras Steps Down To Trigger New Elections (Guardian) • Syriza
[See the full post at: Debt Rattle August 21 2015]“Past point of no return.” Yes, we very clearly are.
I find the “humans are superpredators!” paper, and resulting news buzz, deeply, deeply depressing. This viewpoint – has LONG been obvious and accepted in all disciplines of biology and anthropology. Everybody already knew this- but this kind of buzzy “science” is now very common- and a deep indication that “Science”, as a process and entity, is very, very ill; like the planet. The study was an utter waste of resources, as far as adding to the knowledge of our species; and rigorous scientific processes should have prevented it ever being undertaken, let alone published, let alone sent out as “news”. Exactly equivalent: “What!! You’ve got a theory that the sun comes up in the EAST – and will probably continue to do so?? At > 96%? Amazing! Let’s get a grant, and publish!!”
Beyond dismal – it’s deadly. The process our species most relies on currently; increasing valid knowledge – is badly damaged, and getting worse fast- and has no visible ability to heal.
Looks like the action we have all been long awaiting may be taking its first few baby steps. Nothing like thirst, hunger, illness and chronic fear to focus the mind, or what remains of it, after long-term degradation by contemporary MSM and educational systems. If Mother Nature allows our kind to stay in the game, it will be through good luck and a newfound ability to prioritize the long view based upon conditional love, humility and truth.
Yippeeskippy – the Dow is presently down ~400 today; and we’re just about to hit the point where all gains in the past year are wiped out.
Emotional responses from “investors” likely to be running pretty high – pushing towards positive feedback… on the down side…
Yep; did it; Dow negative for the year; S&P and Nasdaq still positive; but barely- market not closed yet; but that’s a powerful emotional down.
The US stock market has had the volatility bled out of it the last several years under QE and with the other forces like HFT, the dominance of ETF’s over individual stocks and the retreat of the public. The rise since 09 is I think the longest without a 10% correction ever. The old Dow Theory signaled a bear market a couple of weeks ago.
What I am saying is a significant correction or an official bear market which is usually defined as a 20% drop are way overdue and that it is possibly a mistake to read too much into it if an actual drop of that magnitude happens. Yes, because of the many reasons covered here pertaining to the fragility and falsities of the financial world it is right to look for a dislocation that would be historic, but first things first. A bear market doesn’t mean the end of the world as we know it. It could but it almost surely will not happen in some great crash where everyone suddenly gets it.
Democracy isn’t working anymore in Greece, something that is very obvious inside the country. There was no reason for any general elections now. But Tsipras’ handlers wanted to get rid of all protesting voices (protesting for his betrayal of his mandate and the People) and to achieve what he intended to do with the Referendum in the first place: Make everybody an accomplice to the forthcoming Troika+Germany planed calamity. The proof lies in the very fact that he ignored the Referendum in the first place and went on surrendering. He never expected for the No to win, that is why he never really supported it. That is why Varoufakis resigned from his position as a FinMin and that is why he quit Syriza yesterday.
Don’t worry, Tsipras will get elected again as the first choice in the coming elections, for many people didn’t quite understand the magnitude of what he did and his boy charm still works, even though he sounds exactly like Samaras now. He will then collaborate with the rest of the pro-austerity parties to form a pro-austerity mega-coalition, bringing forth the transfer of all private and public property to a few selected foreign organizations and individuals, mainly Schauble’s Luxemburg fund. In one genius stroke, all parties, all choices – apart from Lafazanis & co, Golden Dawn and maybe KKE – became the same: pro-austerity, TINA, everything has to go, liars and collaborators. And yes this includies Syriza now. What was once thought of as a solution, a resistance movement and a different choice, was actually a Trojan Horse used against the Greeks to impose total surrender, total austerity and an unprecedented act of piracy against its People. When there are no real choices, there is no democracy. So the answer is no. Democracy doesn’t work anymore in Greece, nor in all of Europe.
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