Grandma Yellen And The Mushroom Cloud On The Horizon
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Jack Delano Atchison, Topeka & Santa Fe line at Duoro, NM March 1943 Weekend. Saturday. Beautiful Indian summer imitation where I’m presently located
[See the full post at: Grandma Yellen And The Mushroom Cloud On The Horizon]This will get granny off her rocker and onto the treadmill. https://mhanson.com/archives/1674
Interest will by necessity reach 8% eventually. But only because the actuaries require it and inflation (not the academic kind, the kind caused by too much money chasing too few goods in a supply chain disruption) will be considerably in excess of that figure.
Hanson’s piece tells me the yield curve may flatten a bit, or even flatline, but not invert anytime soon. Houses and stocks are the Feds favorite play things. Bonds scare the bejesus out of ’em.
“The EU is a dead experiment, a Frankenstein and Mr. Hyde all in one. But no-one wants to see it, and no-one has a clue.” Ilargi
As an American who left, I find it likewise remarkable the vast scope of denial in the states.
The media is excitedly talking Hillary 2016, Bernie Sanders 2016, and wild speculation about Warren.
As though the 2016 elections will actually change anything. Americans are living in a lala land of fantasy and dreams.
Those firmly rooted in the here and now are either the very wealthy, or people who never bowed to the fear and lies that have been and are now America today. Both are minority factions, with the truly wealthy possessing power to rule and manipulate the planet. The other minority, the un-cowed, have the power of choice in at least their own lives. In this sense knowledge is power.I like some of what Elizabeth Warren has to say, but I watched just a small segment of her on Bill Maher where she was talking about student debt. She said that when she went to college/university, she paid $50.00 per semester, and she was very thankful for the opportunity to get educated for a reasonable price. She said she wants to see the same thing again so America can get back to growing and producing again. To me, she just is another “maintain the status quo” type of person. She also wants to see the minimum wage raised, which to me doesn’t change a thing except pushes prices up (because there’s more demand), and in a few years we’re back to square one asking for it to be raised again.
I wish there was someone who actually wanted to see prices come down, growth slow down, the environment protected more, with less emphasis on the financial industry (growing money out of nothing) and more emphasis on truth, honesty, and transparency.
So even though she may be a nice lady, I don’t see her really trying to change anything.
You say to collect “belongings outside the reach of the ‘system’ … And watch the sky.”
If you have US dollars saved, where would you keep them? As USD gets stronger, the most logical place to leave them is in a bank given the expected asset deflation. Are not banks part of the system?
Do you recommend certain countries whose banks are better than others given the system? Should these dollars be transferred today to JP Morgan from emerging markets? Because holding assets given your logic is not logical. Gold? Silver? Combo of everything?
The system is everywhere.
@ kibbinayye
You say to collect “belongings outside the reach of the ‘system’ … And watch the sky.”
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Well, you can start by relocating. And then collect all the cash you can. I recommend keeping the cash close (no banks, no records).
Keep a very low profile in all aspects. Live modestly even if you can “afford” more.
That’s as much as I’m willing to say; you think about it and figure the rest out for yourself.@ Raleigh
I like some of what Elizabeth Warren has to say…
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Are you aware Warren supported Israel’s attack on Gaza?
That was enough for me to cross her off as viable.
There are no choices for 2016 independent of the machine.
Do not vote in 2016!Earth has lost 50% of its animals in 40 years.
Earth will lose 50% of its animals in 40 years.
75% of river life has been lost in 40 years.
Humans and livestock make up 97% of earth’s vertebrate biomass.
Humans and livestock consume 40% of earth’s annual green biomass.
Mass extinction becomes unstoppable and irreversible in about 40 years.
The World Bank said we will be fighting over food and water in 10 to 15 years.
I don’t think we should worry about money right now.
Solar and wind will not save us in time due to peak mining ROEI..
kibbinayye
We’ve long held the point of view that short-term government bonds are the safest place for Americans. That hasn’t changed. Part of the system perhaps, but one the system can’t easily touch, since the government won’t default – not for now. Other than that, productive assets are obviously always good. Arable land, tools, skills.
@Arnold
Thank you for your response. Will make a very short list of countries. Canada, eh?
I agree with you on Warren.
Again you lay out a scenario that looks a lot like least worse or last nation standing.
Is that what you see playing out here?
Thanks @Raul!
I guess you would recommend the same (gov’t bonds) for those who are outside USA!? Since there is a low/no probability of default.
kibbinayye,
It’s not that easy, since not all countries issue truly short-term sovereign bonds. But the shortest term you can get, for sure.
V. Arnold – no, I was not aware that she supported Israel’s attack on Gaza.
“Israel gets more foreign aid from the U.S. than the U.S. gives to all other countries combined. […] Between July 1, 2008 and June 20, 2014, Israeli lobbies funneled an impressive $12,036,252.00 into the campaigns of U.S. Senate candidates, most of them incumbents. This included monies donated to their failed presidential campaigns. During the period of July 1, 2013 to June 30, 2014, Israeli lobbies donated a mere $5,190,280.00 to members and candidates of the House of Representatives.[1] One need not wonder just who it is the elected ‘representatives’ are representing.”
Perhaps Ms. Warren was a recipient of some of this money? This is what needs to stop, the buying of policy. So Israel is given this foreign aid, then turns around and funnels it back into the U.S. political system? Nice circle.
@ Raleigh
Perhaps Ms. Warren was a recipient of some of this money? This is what needs to stop, the buying of policy. So Israel is given this foreign aid, then turns around and funnels it back into the U.S. political system? Nice circle.
I would put it differently; if she and the rest weren’t corrupt in the first place the money wouldn’t work.
I’m sure they all justify their graft with platitudes such as; “…how else can I get into office where I can do the greatest good?”
The system is systemically broken and corrupt. That’s why voting is a joke.
The sleeper is not wakened…@ kibbinayye
Will make a very short list of countries. Canada, eh?Canada was good during the Vietnam war, but things have changed a lot. IMO, not a good choice.
I’m in S.E. Asia, which values its independence somewhat. While friendly to the U.S. they maintain a healthy distance, mostly. South America has some interesting choices which if my circumstances were different I would seriously consider. Spain and Portugal offer interesting possibilities but I personally don’t trust the European politic or economy. If one is mobile then it doesn’t matter so much, because if you don’t like a place pack up and move. I will no longer consider flying as mode of transport (I absolutely detest flying), so rail and sea are my two options.
Good luck and don’t wait too long…The U.S. will never default on bonds? Hahahahahahahahaha.
They most certain WILL default on their bonds, and their entire currency system, because, mathematically, the MUST default. Not only can it not be repaid in fact, but a debt-based fiat money system requires debt-money/money-debt to ever increase at an ever-increasing rate. That is to say, doubling the supply while the time period is halved, halved, and halved again. Ever hear about doubling rice on a chessboard or a drop of water in a football stadium? How high is the water 1 minute before you drown? Chart shows money supply doubling every 10 years, then 5, then 2-1/2, then 1 year…and here we are now. This was known in 1971 when they got off the vestiges of the gold standard, and knew that in 40-odd years the system would need to be re-invented again, hopefully to inescapable world-wide digital currency. The Bancor, as Keynes called it, the IMF’s SDR as they call it now. But…best laid plans of mice and all that: it may not go off 100% now.
What isn’t in dispute is that, they will have to default on the bonds by re-setting, re-inventing the currency and the entire monetary system because even the dumbest people will not have confidence in a system that doubles the monetary base every 6 hours, which is mathematically not that far away. So you close up that game of Monopoly, put the money away and put all little houses and hotels back in the bank, and start a new game, same as the old one.
What I agree with Raul is that the U.S. will be the LAST currency to go under. Money withdraws to the core, but the U.S. is not the world, nor can it stand against 150 now-raided, bankrupt, desperate, angry BRICS nations, anymore than Napoleon or Augustus could. The U.S. cannot be the world economy. When the world goes down, the U.S. eventually will too, and then even the US$ will fail and start over in the new game. Of Monopoly, aptly named. But it was all known and planned long ago.
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