Debt Rattle October 9 2019
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Vilhelm Hammershoi Woman Seen from the Back 1888 • White House Says It Will Refuse To Cooperate With Impeachment Inquiry (R.) • Oh My God, They
[See the full post at: Debt Rattle October 9 2019]Vilhelm Hammershoi Woman Seen from the Back 1888
What an interesting painting; the perspective, the composition, and the detail.
I like it…“White House Says It Will Refuse to Cooperate with Impeachment Inquiry (R.)”
Because: media, even the headline is wrong. There is NO Impeachment Inquiry, Trump just sent a letter asking the House why it is refusing to cooperate with a VOTE, a vote that would make such an inquiry legally exist. They’re in the majority: so easy. Pass it and proceed. Done. …So they don’t because why? A) 60% of Americans don’t want it, so their House Congressmen would lose, B) It would establish rights of the minority party to also interview and investigate, and they apparently can’t tolerate ANY review of the facts, even by the minority party which cannot win votes in their subcommittees. …Because they’re completely innocent and there’s nothing to see here, of course.
Like I said: tell them to look all you want, spend 2 years and $10 Million dollars because we’re innocent, and see you at the elections, fool, where you’ll lose for fraudulently prosecuting the innocent and wasting the taxpayer’s time. Why don’t they do that?
In any case, UNTIL such a vote, a 100% lock, THERE IS NO INQUIRY, and therefore, THERE IS NO LEGAL GROUNDS FOR SUBPOENAS. They know this because they CHANGED THE LANGUAGE in the letters and subpoenas to be uniquely non-legal standard. And the media reports on this honestly because…oh wait, that wasn’t us. We report the OPPOSITE of the truth. Because our guys are innocent, and don’t need any offsides favors.
“Powell Says The Fed Will Start Expanding Its Balance Sheet ‘Soon’ (CNBC)”
…Which they already did. QE4 because the economy is so great and there’s nothing wrong anywhere. $218B in Repo rollovers already. May I remind you in ’08 they had to go before Congress for a massive, impossible $700B, now so small we’re almost there off-book.
“Trade Wars Lose US Its Competitiveness Top Spot – WEF (AFP)”
I see this all the time. But if tariffs are so bad like the economists say, then why through history, does every nation that uses them prosper? Like the U.S., Britain, China… Also, in a war of any sort…say the political wrangling in the U.S. right now…a war can be bad for you, and yet hurt your opponent MORE. Then you shove them down until they crack, and when you let up on your own pain, you bounce back and they don’t. …I mean, aren’t all wars like that? It’s not like they’re cost-free for the home team. Do all these journalists, economists, parties grow up in Shangra-la or something, where there are no costs or consequences for any of their actions? Oh wait: yes, their parents bought them into Eton and Haaaavard, then onto the boards of baseball teams and oil and gas companies where they fail ever upward, nevermind.
“Boris Johnson Facing No-Deal Brexit Cabinet Rebellion (R.)”
This is a loss. They’ve gained nothing. Ultimately there are only three things: The EU accepts a fair exit. UK leaves with No Deal. There is an election. In the election they are feverishly preventing-democracy-at-all-costs, they will lose and it will authorize the no-deal or anything else he wants, otherwise they would have called it. So they can only forestall the irritation of the people and crush democratic will for just so long. …But since they’ve admitted the EU will fall if the UK leaves (which deGaulle even said decades ago), you can understand their reluctance.
Larger view: the UK is (somehow!) the 2nd largest economy in Europe (wtf). It takes Italy, France, AND the England to counterbalance the power of Germany. If England leaves, Germany is no longer restrained and essentially Europe = Germany, forever. They already claim that now WITH England weighing on them. So what to do with petty fiefdoms France, whose bonds are all owned by Germany, Denmark, which isn’t the size of a German county, Holland, barely there, Belgium, only slightly better but divided three ways, Bulgaria, Croatia, Estonia, Cyprus… Portugal? Ireland? Greece? Nope, nope, nope. Poland? Spain? Not if France doesn’t even rate. …That leaves Italy.
You see, by political/economic weight and counterweight, it can’t work. They either go full political state or back to root nations. You think it’s bad for Spain with the Basques and Catalonia? Imagine a German state with 25 ethnic minorities agitating, and every day having to run them over to keep the state viable and on track. Problems.
““What’s at stake is not winning some stupid blame game,” Tusk wrote”
Is Tusk rusty on what a politician is? That’s the ONLY thing they do. Get real, man.
“But is asking questions about CrowdStrike impeachable?”
Questioning ANYTHING is impeachable. Or imprisonable. Ask all our whistleblowers destroyed under Bush and Obama. Ask the Dixie Chicks.
P.S., are we ever going to see the servers? A: not under Trump. He’s so gung-ho to tip the election, he has yet to investigate or arrest a single person for not doing their job.
“died by hanging himself in his Manhattan jail cell on Aug. 10, two days after signing a will and putting his estimated $577 million estate into a trust.”
Funny ol’ world. I do not find that suspicious at all. However, you cannot commute your assets to protect a crime. …However, judges who each believe they are Henry VIII preside over what the “law” is, and “The law is in my mouth,” whatever I say it is from one minute to the next, depending on if you’re a golfing pal or an enemy, and whether I’m being blackmailed.
Blackmailed? Conspiracy! Surely that never happens, they say as they review the very case of Epstein and his worldwide blackmailing ring… Nope! No blackmail here! And certainly not from the secret service of a foreign ally!
When have spy agencies ever planted evidence and blackmailed anybody? They’re such upstanding fellows!
(That’s why CNN has hired them all)
Even with the web, I’m amazed at seeing how far we are from finding out the true actions that the shakers and doers are involved to direct our social/economic system.
We, the common people, are no farther ahead in knowing the truth than before the web.….. $577 million estate into a trust…..
WOW!
Will someone teach me how to convince 577 millionaires to part with a million $ of their fortunes
I don’t believe that there are that many stupid millionaires who would willingly part with their fortunes for a few moments of fantasy/extasy.—–
My speculation, …. Hillary as VP. ( hehehehe the powerful woman behind the throne)
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Jerome Powell: “This is not QE. In no sense is this QE.”
I had a vision of Powell doing his best Jedi mind-bending trick, wiggling his fingers and repeating this phrase in a sonorous voice over and over, “This is not the quantitative easing you think you are seeing,” as he attempts to hypnotize the entire US.
I actually laughed out loud and startled the cat when I read his how he had answered a question about it. God, they aren’t even trying any more.
SEE!
80% of people still don’t understand how money works.
Scammers can’t wait for these suckers to become easy marks — retired dummies
80% of Canadians would rather have a pension than a salary hike: HOOPP survey
Wilhelm was not know to me until now. Despite woman’s wardrobe, painting has unusually modern aura that can place it into the following century that made me double check the 1888! Composition is tethering on the border line of being bad, but he pulled it of!
Refugee situation is a human tragedy on the grand scale but, I recall photos of railway stations in European cities with natives welcoming arrival of refugees. In the middle of the work day that is. All those open hart people than go back to their plush neighborhoods, while welcomed were promptly shifted to the neighborhoods of those of lower social ladder who were working and could not be on the stations for the “event”.
Even though their lives are permanently altered hey have no voice in the grand vision designed for them by the the “deciders”.
People are are strange creatures thus: “There is no good deed that goes unpunished”. Punishment will most likely come in form and there are already signs and indications, that welcoming gesture will be forgotten by the next generation and sudden demands “for their unique rights” will surface in full disregard for the native populace.
Solution? For such a HUGE number of refugees safe zones, close to where they came from, could have been established using the the same financing that is already in place. “Huge number” is the key word, and analogy can be easily found in mundane world of cooking and spice use.Raul, a great article, but brings up the longtime TAE that point we don’t have a money problem, we have a POLITICAL problem:
a simple piece of Kalecki analysis that is NOT taught in economics classes, and hence NOT used in central banks or think-tanks, and thus NOT recognised in most market research:
Banks create debt (and hence broad money-supply) via lending. If that lending goes to productive investment the stock of money and goods are matched and there is no inflation and there is no long-term increase in debt to GDP. If the productivity growth from the new enterprise is fairly split between profits (for further investment) and wages (for consumption) then the growth cycle continues without a long-term increase in debt to GDP.
However, if businesses push down wages for profit–via globalisation–then consumption growth can only be sustained by borrowing, and debt to GDP trends up: when it hits a peak, growth permanently slows. At that point, businesses have no need to borrow – or if they do it is to speculate on financial assets and not invest in productive business. Growth slows further, and the cycle breaks down structurally. Governments have to then invest more and/or force wages higher. [YOU ARE HERE].
Central banks lowering rates merely sees housing and/or equity bubbles running on fumes. Each hiking cycle is replaced by an easing where we see lower highs and lower lows until we go negative – which is de facto debt default. And/or we do QE, which the Bank for International Settlement recently agreed does not flow to the real economy, but pours more liquidity into asset markets, making the rich richer. Unless QE allows governments more room for fiscal spending – which is de facto debt default. [YOU ARE HERE]
It’s really not that hard to model the system described above – or to predict the outcomes from it. Unless you are a central bank or think-tank – because this all gets political rather than economic, and they like to pretend the two are divorced when they are NOT. “
Wait a sec, just in, Joe Biden calls for impeachment.,.(not him, mind you)
and Dr.D, as for
longtime TAE that point we don’t have a money problem
thats’s my longtime view? Vraiment?
Science fiction
Alternate universe based upon the same facts. Different interpretations results in different universe.
FOX VS CNNhttps://www.zerohedge.com/political/joe-biden-personally-paid-900000-burisma-according-ukrainian-mp-bombshell-admission
Joe Biden received $900,000 from Burisma according to Ukrainian MPImpeach re.: Ukraine phone call
Do you think that the newspapers in Ukraine are controlled by Trump …..
https://en.interfax.com.ua/news/general/617943.htmlAccording to publicized correspondence, starting from July 14, 2017, the lists of criminal proceedings undertaken by NABU officers were sent from the electronic mailbox of Polina Chyzh, an assistant to NABU first deputy head Gizo Uglava, to the electronic mailbox of Hanna Yemelianova, a legal specialist of the anti-corruption program of the U.S. Justice Department at U.S. Embassy in Ukraine.
Derkach also said that NABU-leak materials will be published on his Facebook account and materials that he got from investigating journalists have already been passed to Ukraine’s State Bureau of Investigations and the Prosecutor’s General Office.
He also said he will initiate the creation of an ad hoc parliamentary investigative commission and has already requested launching a criminal case against Ukrainian officials into interference into U.S. elections.
I believe Foss said something like, “The finance, the money problem, is prevented from being fixed by politics. Therefore, we don’t have a money problem, we have a political problem.” Of course that’s on top of the base problem of oil/resource depletion, which can be addressed a lot but the point was, we’re not addressing our real resource problems for finance/political reasons. It’s all about resources, and finance/politics are what is deciding who gets them.
As she hasn’t been on in years, I don’t have the quotes handy, but it was near the end and I think more than once.
That she’s right is pretty clear from the bank bailout and also the debt-shale industry. Money means nothing: there was no shortage to bail banks, to pump bad oil, to fight wars, or payoff countries. We drop another $1.5T on nothing no one can identify, quadrillions come and go, so pretty sure there’s no ‘money’ problem. But money is a symbol, living in the mind. We have a reality problem. We have an allocation problem. And that’s a political, a human group-cooperation problem.
Not meant as “There’s no such thing as the global financial crisis.”
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