Debt Rattle March 24 2023
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Luagno is an unhinged lunatic a gatekeeper or likely both. Vax mandating, cbdc pushin-Putler is genociding the deplorable nazis, clearing the land, slowly and completely. The sanctions, rate hikes and sofor machinations are destroying Europe’$ economy. Anyone can see and even tom admits the US economy will be next. Jerome “you could almost say it is our strategy” Powell is not some white hat fighting davos. Everything is going according to plan. We should be concerned with who treatise, marburg, and/or bird flu. Gold goats and guns my ass.
Pleased to meet’cha, “Nemowillobser”.
I think Tom Luongo’s thesis has been holding well for the past couple of years, and I have been following it that long. This is a critical weekend, a critical spring, and so on.
You can test his thesis and your alternate thesis in real time.
(Psst… Calling names makes it look like your case is lacking in merit and that’s all you’ve got. Tough crowd here.)Yeah i agree with Dr. Day. He’s the only person whos narrative makes sense currently. Also wondering who this new poster is. Deflationista trying to mislead on finance now?
“Battle For Reality” is up https://drjohnsblog.substack.com/p/battle-for-reality
Surplus Energy Economics, Dr. Tim Morgan, presents Hardest Months, Strangest Years: The fundamental message is that the financial economy has diverged from the real economy for a long time, over 40 years, based upon the promise of cake-in-the-future, more and more future cake, don’t miss the investment opportunity. This Ponzi scheme has been “necessary” because it is hard to replace a financial and economic system, and as long as real economy was still growing somewhat, the charade could be kept up with coupon-payments on debts.
The underlying problem with growth is that it needs cheap energy and resources, which have been getting more expensive since the late 1960s. Economy was thriving, and efficiencies were being introduced, so things looked rosy, despite expert warnings and Jimmy Carter’s sweater-talk.
After Carter, American wages stagnated, then American industry moved to Japan, Mexico, China and Southeast Asia. American workers had less, but American managers, specialists and investors were still doing well. That turned around in 2008, and only the appearance of doing well was supported by the financial Ponzi schemes after that.
Global real economy peaked last year. American real prosperity per capita peaked around Y2k, happier times. Now the decline in real wealth, after paying the bills for oil, iron ore and copper grinds on. Pay off debts if you can. Rein in spending on non-essentials, and prepare to struggle to pay bills and afford food, housing and fuel for the foreseeable future. Oil won’t get cheaper or more plentiful. Solar cells are a niche-application, not a replacement.
#252: Hardest months, strangest yearsI have been following Tom Luongo’s premise for a couple of years that there is a schism in global elite financial interests between globalists, “the Davos crowd”, as he calls them, and nationalist interests, which we can see in Russia, China, Iran, Turkey, now Saudi Arabia, and also Mexico. The US Federal Reserve banking system under Greenspan, Bernanke and Yellen was clearly hand-in-glove with globalist interests. It worked in coordination with the ECB, Bank of England, Bank of Japan and Bank of China to keep the global banking system working without default, and always providing some approved venue to realize financial profits within that system.
Global banking is now at a crisis point. The game of reducing interest rates, down to negative real rates, is now over, and with rising rates comes crisis, because debt service cannot be rolled over, and will not be paid. Who will break first?
“The Pandemic” allowed for $US trillions of money to be created and channeled to the biggest banks, starting in November 2019, as Event 201 was underway to war game it all out. The next huge direct-injection into banking, and people’s pockets, came in March 2020, with the lockdowns, which kept it from being spent right away, but then caused street-level inflation, not just asset-price inflation.
This led to a crisis-declaration, and the usual crisis-solution was to create more debt, which would eventually lead to an insurmountable crisis and widespread debt-default. War against Russia seems to have been the control-narrative to deal with this looming crisis. Russia would be blamed, and if all went well, the carcass of Russia would be picked-over. That has failed and is not working well. This is now a financial-system war of attrition, just as the Ukraine War is a war of attrition between Russia and NATO. Russia has not succumbed in either war, so the western finance war of attrition is largely between the Federal Reserve and the ECB.
The ECB needs the whole global economy to be captured for something like CBDC, where the central bank can reduce any bank account at will, to be imposed. This is a totalitarian central system. No individual or local initiative or decision making is permitted. There is no carrot. A huge crisis-stick of financial collapse everywhere would be needed to force acceptance of this financial regime.
The Swiss National Bank decoupled from the Euro about 3 years ago. The Federal Reserve under Jerome Powell is not as it was before, and has been taking steps to strengthen the $US as a national currency, at the expense of “Eurodollars”. The $US have been returning to the US, repatriating. The Bank of England is trapped and can’t act independently since last summer. The Bank of Japan has long provided the cheap liquidity for carry trades, which helped keep the Ponzi schemes floating, but Kuroda retired, and his rght hand man declined. A nationalist businessman is now heading the Bank of Japan, and signaling a tightening cycle.
The Davos plan appears to have been to hold a lot of AT1 bonds, to drive down the prices of European banks in a crisis, and then to “own” those banks by holding the AT-1 bonds, which would then be valued at a higher price than the stock valuations of the banks.
There was a clause in the Swiss AT-1 bonds that allowed their holders to get nothing, even to be subordinated to shareholders in a way, and also to bank-depositors.
Last weekend, that hidden clause was exercised, and the AT-1 bondholders got nothing. That sends shockwaves through EU finance.
Deutsche Bank is threatened, but the AT-1 bondholders are not feeling confident. The ECB does not have an FDIC, and is very limited in what support it can provide to bank depositors. That falls onto individual countries. It appears that the European financial regime, centered on the ECB, will not be able to impoverish Germany as it impoverished Greece, then present debt-slavery as the “solution”. That was THE game plan. Capture Germany and the rest of the EU in a crisis.
Accelerating the war crisis seems to be the main “alternative”, but everybody knows that will go badly. Everybody knows that, especially in Europe. European/globalist financial elites are experiencing desperation.
The video is an hour and a half. I am sorry to say that I was spellbound for the whole time. It is not available anywhere as text, except my inadequate encapsulation, which you just read. Thanks Oroboros
#252: Hardest months, strangest yearsDeutsche Bank AT-1 bonds are crashing as D.B. share prices crash, this weekend’s crisis. Germany may act, but the ECB is limited in what help it can provide to German depositors. “Nothing to see here; move along now!”
Scholz: ‘No Reason To Worry’ As Deutsche Bank Bloodbath Reignites Global Bank Crisis Fears
https://www.zerohedge.com/markets/deutsche-bank-bloodbath-reignites-global-bank-crisis-fearsThey will have to say something this Friday afternoon to avert panic, but what will they have to say? Globalism is in crisis, not nationalism. What is the negotiated deal? Germany the country needs help from the USA. (“Paging Jerome Powell”)
Yellen Convenes Emergency Financial Stability Meeting On Friday As Banking Crisis Explodes
Bloomberg reported that Treasury Secretary Janet Yellen – who was singlehandedly responsible for stoking and restarting the bank crisis on Wednesday which until that day was easing back, with her comments that nobody in charge was even talking about a uniform deposit insurance, let alone working on one – will convene the heads of top US financial regulators Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council.
https://www.zerohedge.com/markets/yellen-convenes-emergency-financial-stability-meeting-friday-banking-crisis-explodesMexican President “AMLO” is a socialist-nationalist, a populist. I will point out that he explicitly praises former Mexican President, Lazaro Cardenas, who nationalized Mexican railroads in 1937, when WW-2 was already brewing in Europe, and the US was quietly preparing to join it, and could not afford to invade Mexico to support the railroad barons. AMLO clearly sees a historical parallel, and is acting on it.
‘Mexico is not a US colony!’: AMLO Condemns Invasion Threats, Celebrates Nationalization of Oil, Lithium
“Cooperation? Yes. Submission? No! Interventionism? No!”
AMLO then shouted out the following words, and the audience replied: “Oligarchy? No! Corruption? No! Classism? No! Racism? No! Freedom? Yes! Democracy? Yes! Honesty? Yes! Social justice? Yes! Equality? Yes! Sovereignty? Yes!”
The president concluded his speech chanting: “Long live the oil expropriation! Long live the workers and technicians, of before and today, in the national oil industry! Long live General Lázaro Cárdenas del Río! Long live Mexico! Long live Mexico! Long live Mexico!”
https://www.globalresearch.ca/mexico-not-us-colony-amlo-condemns-invasion-threats-celebrates-nationalization-oil-lithium/5813178US must respond to Nord Stream accusations – Mexican president
Andres Manuel Lopez Obrador has called on Washington to answer claims about the pipeline sabotage
https://www.rt.com/news/573416-us-mexico-nord-stream/ Mexican President Says Trump Arrest is About Keeping Him Off the Ballot
Slams Biden administration for hypocrisy over Julian Assange and attack on Nord Stream pipelines.Mexican President Says Trump Arrest is About Keeping Him Off the Ballot
’The United States of America is our enemy,’ says Medvedev
”What I can’t understand is the position of European leaders who are unable to make decisions that benefit Europeans. All of their decisions benefit either certain rival political groups or the Americans,” the politician said…
..However, he pointed out that unlike EU nations, the US holds “a consistent stance.” “They are trying to cause us as much damage as possible, and, where feasible, even tear our country apart and put Europe under their spell in the worst way so that it is unable to move at all,” the Russian Security Council deputy chairman noted.
https://tass.com/politics/1593325 Saudi Arabia is not so afraid of the US or Israel. What are the US and secretly committed to doing next, that leaves Mexico and Saudi Arabia free to act in their own national interests? (Iran has the story.}
Saudi Arabia to reopen embassy in Syria after more than a decade of closure
https://www.presstv.ir/Detail/2023/03/23/700334/Saudi-Arabia-to-reopen-embassy-in-Syria-after-more-than-decade-of-closure Moscow calling: we can sink ALL your carriers
The Kinzhal was developed with the express purpose of destroying aircraft carrier strike groups. If it could destroy a [deep underground]warehouse built to withstand a nuclear strike, it can cut through an aircraft carrier like a hot knife through butter.
https://alexkrainer.substack.com/p/why-hypersonic-weapons-change-everythingHowzat work? Thanks Doc Robinson. Kinzhal hypersonic missile meets US nuclear aircraft carrier strike group.
Even if the carrier can stay afloat for the first moments after the strike, the potential of its aircraft wing will be reduced to zero by the damage caused to the deck. In addition, such a strike can lead to the defeat of at least one of the two naval Westinghouse A4W reactors. The total capacity of these reactors is 1,100 MW. A missile with a half-ton warhead moving at high speed can not only destroy the coolant circulation circuits, but also lead to the explosion of the nuclear reactors themselves during their active operation when an aircraft carrier performs a combat operation. This fact suggests that the impact of a single hypersonic “Kinzhal” missile complex may be enough to completely destroy not only the lead aircraft carrier of a strike group, but also the entire carrier strike group itself.
https://www.stalkerzone.org/what-will-happen-to-a-us-navy-aircraft-carrier-when-hit-by-a-hypersonic-kinzhal-missile-expert-modeling/ The US political establishment has been using the playground taunt that Russia is the “junior partner” to China, and it may be riling some Russian nationalists, but it is just a taunt. There is no evidence that it is real. Russia is surviving without much, if any Chinese support, and winning a war of attrition against NATO and the western financial establishment. (Commenters observe that China went to Russia, which shows China as “junior”. Putin-Xi body language from the beginning showed Putin to be relaxed and self-assured, while Xi seemed alert, very aware, focused, eager to please and say good things.
The ‘Junior Partner’ Meme Gives No Insight To Real Changes
https://www.moonofalabama.org/2023/03/the-junior-partner-meme-gives-no-insight-to-real-changes.html#more You know who and what Mike Pompeo is, and this is his current position. What faction is weakening?
The US government is making “an enormous strategic mistake” by downplaying the importance of rapidly expanding Russia-China ties, Mike Pompeo, who served as the country’s secretary of state under former president Donald Trump, has warned.
The alliance between Moscow and Beijing “may be a shotgun wedding, but they’re still married,” Pompeo told Fox News on Wednesday.
“To hear the White House play this down as if it’s insignificant or unimportant is an enormous strategic mistake,” he added.
https://www.rt.com/news/573454-china-putin-xi-pompeo/I have been wondering about the International Criminal Court issuing an arrest warrant for Vladimir Putin, for evacuating Donbass children found without their parents, out of the war zone. What is that really about? Is this the best “crime” they could find?
EU country says it won’t arrest Putin
Enforcing the ICC warrant against the Russian president might violate Hungarian law
https://www.rt.com/news/573486-hungary-putin-arrest-icc/ There have been reports of organized trafficking of children out of Ukraine for years. I am deeply disturbed to see this. I have a feeling it is not a fabrication. Ukraine Is Farming Children in Factories for Elite Pedophiles, Russia Is Saving the Children – Media Blackout
Russian soldiers are claiming that they’ve made a hideous discovery inside Ukraine, where they say that children between the ages of 2 and 7 are being raised in factory farm conditions before the attractive ones are sold as sex slaves to elite pedophiles and those who don’t find buyers are “carved up like discarded waste” as their organs are harvested and sold for use at European and Israeli transplant centers.
In video footage from the frontlines of the Russo-Ukrainian War, a visibly emotional Russian officer describes children being treated as if they are “livestock, piglets, or rabbits” by their Ukrainian captors around the town of Izium, where the discovery of an commercial scale child organ harvesting factory was reported.
“They had taken organs [from the children],” the Russian officer explained.
“I couldn’t believe it,” he said. “Until seeing all this with one’s own eyes, one cannot comprehend it. But when you see it, you won’t forgive.” Before they started, every day from day #1, and so much more than anticipated, that they needed to vastly expand the contract to process the injury/death information, which they pretended did not exist at all. “Safe and effective”.
Horowitz: They knew: FOIA document shows government anticipated mass vaccine injuries, then observed them from day one
https://www.conservativereview.com/horowitz-they-knew-foia-document-shows-government-anticipated-mass-vaccine-injuries-then-observed-them-from-day-one-2659636848.html Independent testing reveals extremely high levels of known carcinogens in the soil of East Palestine, which official testing did not even look for. Thanks Doc R.
Whose Test Results Should East Palestine Believe?
https://prospect.org/environment/2023-03-23-test-results-east-palestine/
And this update:
https://www.theguardian.com/us-news/2023/mar/24/ohio-train-derailment-dioxin-test-plan-flawedIt’s interesting that a Dem congressperson proposed a bill to shift regulatory fed oversight from Fed-appointed to President-appointed “to prevent corruption” this past week.
That does a little bit to suggest a split between Fed and Davos – if they are already in control, why do we see the President (‘s handlers) make a move to TAKE control? Seems to indicate some sort of spat over turf or something.
I’m not convinced one way or the other, but I raised an eyebrow at the news, anyway.
““The Pandemic” allowed for $US trillions of money to be created and channeled to the biggest banks, starting in November 2019, as Event 201 was underway to war game it all out. The next huge direct-injection into banking, and people’s pockets, came in March 2020, with the lockdowns, which kept it from being spent right away, but then caused street-level inflation, not just asset-price inflation.
This led to a crisis-declaration, and the usual crisis-solution was to create more debt, which would eventually lead to an insurmountable crisis and widespread debt-default. War against Russia seems to have been the control-narrative to deal with this looming crisis. Russia would be blamed, and if all went well, the carcass of Russia would be picked-over. That has failed…” And is a war of attrition, waiting for someone to break.Agree. Is this Luongo? Because this is the direct dissertation he gave yesterday.
This goes with the debt-compounding clock and the energy-out, or energy-price clock, but of which are scheduled to end as planned out decades before.
The whole POINT was to have a war, which could – and usually does – hide everything. Immorality, theft, rising and falling of nation as war profiteers jump from ship to ship, all that. They want, they NEED the war now, they’re WAY overdue, as they were supposed to INTRODUCE the new currency in 2018, and therefore have a complete crisis collapse 2 years before. That is, the two years supposed to be started by Hillary, who publicly said she would start WWIII, before all that got interrupted.
So we don’t want a war. Who wins a war? What’s it good for? Absolutely nothing. So the Good Guys know all they need to do is DELAY the war, because the system will collapse and there will be no excuses as they’re exposed. This has never really been tried before though.
So they delayed the war, 2 years, burning cash to keep the debt-compounding going. Then as they were being bled dry, “Then a Miracle Happened” and they printed and transferred far over $2Trillion back to themselves, to forestall and try again. They are now trying again, in every time and place. In Kazakhstan, Hong Kong, Taiwan, America, Ukraine, any and everywhere. They don’t care where, they don’t care why – just KILL someone already. So the GOOD Guys don’t want that war. They need the war to be regional, not escalating, and bleed them out again. Putin is doing that there, Trump’s team is doing that here.
So, “War of Attrition” as they said. You see why it works so well. All these guys can do between surrender and escalation is just squeeze. No one knows how long it takes a Boa to strangle a rat. It can’t be known. But if the squeeze isn’t stopped, it’s inevitable.
Russia is squeezing the live power, and Powell is squeezing the money power. China’s on their own squeeze too.
What seems to have happened is Switzerland unexpectedly escaped Europe of all things. Who thought that might happen? First POWELL bails them out. WTF jurisdiction does he have to do THAT? Nevertheless, they were squeezed in Europe and Powell takes them. No fail. Now Suisse goes down, which would take out more of Switz, a HUGE sector, perhaps taking them out nationally, in sovereignty terms. Guess what? They are also the largest stockholder on earth and perhaps the sole reason Tesla and the FAANGS are at like 5-10x any normal value. That is to say, if Swiss goes down, AMERICA IS ATTACKED. The run starts with us and money flows to Europe.
But no. This illegal merger wipes out EUROPE. That is, the bonds were hosed, and who holds them? EUROPE. Ball’s in your court. We’ll see your minor regional bank and raise you a DeutscheBank.
So what are they going to do? Well Yellen’s both trying an excuse to print unlimited money – like that $131 Trillion they keep talking about – and to “accidentally” cause a bank run in the U.S. so again, all money flees to Europe and saves them. Neither is going to happen though.
So Europe: got another miracle up your sleeve?
Even today, a Whooooooooooooooooole buch of articles were made up by ChatGPT and printed explaining how Deutschebank is nothing! Really! Jim Cramer says “BuyBuyBuy”. Boy is that the world’s biggest tell or what?
Go AMLO! Get Mexico back.
Let’s make this simple like the moon thing. If there was no opposition, we’d already be in the pods. But they seem beset on all sides, even among themselves. So somebody sure isn’t on board. A whole bunch of people are fighting. So…who are they? They ARE there, so let’s name them.
Nemo? If You’re black pilled and everyone’s bad, who’s holding them off?
https://www.swpc.noaa.gov/news/g4-severe-geomagnetic-storm-alert-24-march-utc-day
G4 (SEVERE) GEOMAGNETIC STORM ALERT ON 24 MARCH UTC-DAYBurning Down the House
Talking Heads
Ah, watch out
You might get what you’re after
Cool babies
Strange but not a stranger
I’m an ordinary guy
Burning down the house
Hold tight
Wait ’til the party’s over
Hold tight
We’re in for nasty weather
There has got to be a way
Burning down the house
Here’s your ticket, pack your bags
Time for jumpin’ overboard
Transportation is here
Close enough but not too far
Maybe you know where you are
Fightin’ fire with fire
Ah, all wet
Hey, you might need a raincoat
Shakedown
Dreams walking in broad daylight
365 degrees
Burning down the house
Ah, it was once upon a place
Sometimes I listen to myself
Gonna come in first place
People on their way to work
And, baby what do you expect?
Gonna burst into flames, ah
Burning down the house
My house
Is out of the ordinary
That’s right
Don’t wannna hurt nobody
Some things sure can sweep me off my feet
Burning down the house
No visible means of support
And you have not seen nothin’ yet
Everything’s stuck together
And I don’t know what you expect
Staring into the TV set
Fightin’ fire with fire, ahLet’s make this simple like the moon thing. If there was no opposition, we’d already be in the pods. But they seem beset on all sides, even among themselves. So somebody sure isn’t on board. A whole bunch of people are fighting. So…who are they? They ARE there, so let’s name them.
Nemo? If You’re black pilled and everyone’s bad, who’s holding them off?”I would like to know the answer to that question, too, because it’s either a big mystery or a big empty. If such a Cabal Of The Good Guys exists they sure are hiding their light under a bushel, because in all this time there has been nary a peep out of them as our valiant rot in authoritarian prisons and citizens die like flies from the continuing plague of poisoned medicine and much much worse.
Maybe it’s just us nobodies and nobody else. That would certainly explain the absence of bugles sounding the cavalry’s charge to the rescue . . . . no fucking cavalry.
Bugles aren’t a bad idea, though. Might wake a few extra people up in time to save their own asses.
I want to make a saint of Vasily Arkhipov- he refused to launch in the cuban missile crisis. It’s everything we want in a saint: refused to believe authority could have ordered THAT; and decided not to launch.
A hero for now and forever.
Talking Kubrick- watching Dr. Strangelove…Food opens windows in my brain. Oh, how I love to cook!
D,
Seems like they are coming strong, Yah know killing and maiming folks? Maybe the French are slowing them? Or the Dutch? Maybe it’s the deplorables with the guns and ammunition? It’s trivialy demonstrably not Russia or China. Both are absolutely pro global governance, WHO, IMf, Et Al. I am not a troll and my conviction is there are no white hats, we are on our own. There’s multiple podcasts where Luagno is challenged on this and comes off as a bumbling idiot. Russia is clearing the land, genociding deplorable nazis. This is happening slowly and completely, stated and planned. The sanctions, the interest rates, and the sofor machinations are deindustrializing and neutering the European economy. Everything is going on schedule and the US economy is next. Yellen and Powell have laid out the blueprint for destructive inflation. Tom doesn’t really deny this. Nobody stands and challenges. when considering the reality on the street level of the world our future is techno feudalism.Oroboros:
That kid sticking a knife into an electrical outlet, that was me!
Only I used a Bobby pin!
My Mom said one moment I was on one side of the room.
The next moment a vary pale me was sitting on the other side of the room!
Crime scene evidence was a Bobby pin stuck in one of the 2 outlet slots!
Grew up and took electrical engineering!
Obviously I was pre-programmed that way!@Dr D: Yes, that was mysynopsis of 90 minutes of Luongo, and all that other stuff at the other links. We’re monitoring the same feeds/
@Nemowillobserve: Thanks for clarifying. Glad you’re not a troll.
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