Debt Rattle February 26 2019

 

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    Salvador Dali The Feeling of Becoming 1931   • Bubble-Era Home Mortgages Are A Disaster Waiting To Happen (Jurow) • 18 Reasons Why Australian Pro
    [See the full post at: Debt Rattle February 26 2019]

    #45593
    V. Arnold
    Participant

    Salvador Dali The Feeling of Becoming 1931
    Not sure I understand this Dali; need to consider it for awhile…

    The financials are just insane.
    They illustrate the very low IQ of the average investors; short term thinking motivated by pure greed.
    Gluttonous behavior is a sure sign of below average IQ.
    This particular offshoot of the species will surely die off in the near future; if not; they will take us all down…

    #45594
    zerosum
    Participant

    What do I see from todays selection of news articles?

    Where ever you look there is debts, too much debts, debts that cannot be paid back, debts that will not be paid back.

    I can’t see where the owners of those loans are hidding.
    I can’t see any owners suffering if those debts are not collected.

    Some one wants to collect blood out of a stone. Rephrase – someone lent money to Venezuela and they are declaring modern warfare on them to seize the assets of venezuelains.

    Do you want to hear another point of view that the one presented by USA and their friends?
    Then try
    https://venezuelanalysis.com/news

    #45595
    ezlxa1949
    Participant

    Australian property market: the reckoning is long overdue. Sydney and Melbourne mainly have been the sites of Ponzi schemes where bulk immigration is used to generate mortgages to keep the economy alive.

    This policy has turned those cities into seething antheaps where providing the necessary infrastructure is permanently in arrears. For example, “Why $110 billion is not enough to fix Sydney’s transport woes

    Residents of those cities find it increasingly slow, expensive and stressful to get around by motor vehicle, and yet the motor vehicle is the primary means of supplying the cities. Yesterday I had this confirmed in person by a Sydney resident. The NSW and Victorian state governments are constantly selling off taxpayer-owned assets in a futile attempt to pay for infrastructure arrears (roads, railways, electricity) and endangering the food supply by building housing over all land regardless of its agricultural value. Civility is eroding.

    Only two land-use zones matter in Sydney and Melbourne: one is called Housing; the other is called Future Housing. Everything not zoned for Housing is zoned for Future Housing. Quite simple, really.

    The Ponzi Scheme has reached its zenith. How far down is the nadir?

    During the 1930’s depression the banks offered no mortgage relief to borrowers until the governments forced them to do so. This policy helped a lot of people. This time around, I wonder how long before the same policy is implemented again, or are the Banks Too Big to Control now? I do wonder.

    #45596
    zerosum
    Participant

    What if they tried to start a war and nobody came?

    https://venezuelanalysis.com/analysis/14348
    By John Pilger – Counterpunch
    Feb 24th 2019 at 5.35pm
    In 2018, Maduro was re-elected President. A section of the opposition boycotted the election, a tactic tried against Chavez. The boycott failed: 9,389,056 people voted; sixteen parties participated and six candidates stood for the presidency. Maduro won 6,248,864 votes, or 67.84 per cent.
    On election day, I spoke to one of the 150 foreign election observers. “It was entirely fair,” he said. “There was no fraud; none of the lurid media claims stood up. Zero. Amazing really.”

    Researchers at the University of the West of England studied the BBC’s reporting of Venezuela over a ten-year period. They looked at 304 reports and found that only three of these referred to any of the positive policies of the government. For the BBC, Venezuela’s democratic record, human rights legislation, food programmes, healthcare initiatives and poverty reduction did not happen. The greatest literacy programme in human history did not happen, just as the millions who march in support of Maduro and in memory of Chavez, do not exist.

    Should the CIA stooge Guaido and his white supremacists grab power, it will be the 68th overthrow of a sovereign government by the United States, most of them democracies. A fire sale of Venezuela’s utilities and mineral wealth will surely follow, along with the theft of the country’s oil, as outlined by John Bolton.

    It is too difficult to report the collapse of oil prices since 2014 as largely the result of criminal machinations by Wall Street. It is too difficult to report the blocking of Venezuela’s access to the US-dominated international financial system as sabotage. It is too difficult to report Washington’s “sanctions” against Venezuela, which have caused the loss of at least $6billion in Venezuela’s revenue since 2017, including $2billion worth of imported medicines, as illegal, or the Bank of England’s refusal to return Venezuela’s gold reserves as an act of piracy.

    #45617
    TheTrivium4TW
    Participant

    “Modern slaves are not in chains, they are in debt.”
    ~Anonymous
    The oligarch enslavement compulsion is well document throughout millennia.
    The end-game for most people is to have their homes confiscated once they are claimed as collateral for by Mega-Bank government lenders. Cars may well be collateral, too – pay up or you can’t own one, or even drive. That’s about $200-300k per home, and they won’t come collecting until the depths of the depression.
    The Rothschild Q&A thread linked in the following article discusses this reality – and tells you how to go about proving it for yourself. The author thinks you are a cretin serf who will be unwilling to do the wise thing, hence you are a cretin serf and will alsway be such. Just search the embedded link for “sword” and start reading.

    Possibly The Most Interesting Cabal-related Link You Will Ever See – An Interview With An Architect

    Possibly The Most Interesting Cabal-related Link You Will Ever See – An Interview With An Architect

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