Debt Rattle June 9 2019

 

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    Georges Seurat A Sunday Afternoon on the Island of La Grande Jatte 1884   • Angst and Madness at the End of Empire (Orphan) • Theresa May: The To
    [See the full post at: Debt Rattle June 9 2019]

    #47851
    Dr. D
    Participant

    “Food prices will undoubtedly rise in the future thanks to a capitalist system which creates artificial shortages and surpluses.”

    French Revolutions start only in an economic downturn. But more, even when it’s just money, only ‘just money’ changes happen. To get a real revolution requires food prices, food shortages, as we saw in the engineered “Arab Spring”. Only this time they’re not in control, nature is.

    Now point out that food shortages CAN be dealt with, and easily, with a system that is already credible and functional, as ALL parties tighten their belts equally, perfect the food chain, increase yields all over, and pay attention to fairness and charity in a system of “us”, of a mythos, a story, a religion of doing and helping. We have none of that. However, we do have the reserve currency and are one of only a few existing food exporters, so it will hit us last. Imagine what Europe will do, having no food and no life-essential industry.

    “What we appear to be all bearing witness to is the total decay of political integrity and vision. We now live in a world where our so called leaders are devoid of principle, immune to responsibility and seem only to prioritise their own interests, power and most importantly private profit above all.”

    …Speaking of. The Anglos are rotten all over, having given over everything that made them great.

    “Boris Johnson…said he would withhold a previously agreed $50 billion Brexit payment.”

    Well it’s about time. Not sure if that could fix the socialist catastrophe (again) of the National Health, but it could fix a hundred Windrushes and all food banks for a decade to boot. …Or one warship. You know.

    “The average used-vehicle loan also hit a record, $20,137.”

    This is what we wanted, right? The price of all our assets to go up and up and up forever? Now cars are worth more than houses, and houses are 10x income so one one can buy them. But Moar, moar! Most often a bad idea is just a good idea gone too far. This is systems analysis, where a healthy, growing lung is a good thing…until the lung is growing and growing and everything else is not, is starved. That’s called cancer. That’s what it looks like when your health is 25x larger, banking is 10x larger, and all agriculture and manufacturing is down 80%.

    “another devastating blow to lower-income car buyers in subsequent years.”

    It took a surprising long time, but the price of used cars I would guess doubled over time, wrecking the poor and bankrupting them as they were forced into $500/mo loans at gunpoint. At the peak, you couldn’t find any reliable used car at less than $10k, instead of $4k before. Government, helping! Helping so much! Help, help help!

    Oh, and the environmental impact of destroying 5 car-years off every crush, forcing new cars to be smelted, shipped, built? Helping! Helping all the more! But we saved $50 in gas! Like a $50k Tesla, with lithium mined new under the war in Afghanistan, shipped worldwide twice and paid for by the poor families in Flint, Michigan, helping! My bet the all-in environmental cost is 4x that of keeping a 1975 Volvo running, because that car is already smelted, delivered, exists. The gas is a fraction of the cost now. But that doesn’t wastefully and fraudulently increase GDP, taxes, and step 3: Profit!

    Bonus question: if you already own a 1975 Volvo wagon, how much petrol is $40,000? About 10,000 gallons worth? Seems like you could drive a long, long time before melting that car makes sense. But sense: we got none. “Use it up, wear it out, make it do, or do without.”

    “China Banking Regulator Says Small Bank Risks Manageable (R.)”

    Brought to you by the Tautology Department: small things are by definition, small. However, big things are not small. And China’s banking system is large and their banks are the largest in the world, ahead of RBS, Morgan, etc.

    “just a few firms with big data access and artificial intelligence could run the global payment and settlement arrangements.”

    You mean, how cranks like me have been saying they were planning and engineering for 30 years? Probably a total accident. Not intended. Nobody saw it coming. You know, except for those hundreds of white papers describing how it was all going to work, then bought off by government to make it so, steamrolling every obstacle and existing law. The IMF is involved with, reads, writes, and plans those same white papers with those same people. Nothing can happen without their approval, for otherwise, you would see their influence obstruct it at every turn. They haven’t: they planned and approved. But now that it’s collapsing, OMG! I suddenly realized! “Regulate us daddy government, you’re our only hope (for continued existence and fascist/monopoly status)!”

    “other freight companies that now have come to grief under Amazon’s boots,”

    Amazon destroys everything it touches, just like all illegally-protected monopolies (above). And this is what we can see. Just imagine what they’re doing with the data of Senator Joe’s mail-order dildo collection and his Alexa tapes. But wait: that can’t be right, we all know multi-national corporations and their billionaire owners never misbehave! That’s why we put them in charge of free speech!

    “The End of the Arctic as We Know It (G.)”

    Meanwhile, there is still snow in the Grand Canyon in Arizona in June. Glaciers have stopped in Greenland and and building in Iceland. Too cold to plant in the Urals. Stay tuned.

    #47852
    zerosum
    Participant

    Here is ANOTHER perfect example of “double-think”
    HUMANITARIAN CRISIS

    Gov. causes the problems in Venezuela – stealing by greedy capitalist
    Capitalism caused problems in Venezuela – stealing by greedy socialist gov.
    Venezuels’ problems caused by greedy peoples
    —-
    Wait for the punchline
    More that 4 million affluent Venezuelan have left Venezuela with their ill gotten wealth.
    Wait for the punchline
    https://abcnews.go.com/International/wireStory/venezuela-reopens-border-crossing-colombia-63575992
    Thousands pour into Colombia as Venezuela reopens border
    ByMANUEL RUEDA AND LUZ DARY DEPABLOS, ASSOCIATED PRESS CÚCUTA, Colombia — Jun 8, 2019, 5:44 PM ET
    ==========
    The chaos has been further aggravated by U.S. sanctions on Venezuelan oil exports and has forced an estimated 5,000 people to leave the country each day, according to the United Nations High Commissioner for Refugees, or UNHCR.

    Colombia President Ivan Duque, who has pledged to keep his country’s border with Venezuela open despite the large influx of migrants.

    With the reopening, a flood of people seized on the opportunity to enter into the neighboring country and secure items that are all but unattainable in Venezuela.

    ITEMS …. FOOD!

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