seychelles
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Very apt comments today. Inevitably, our defective natures obliterate any possibility of uncompromised morality and force a retreat to the ultimate identity group, the self.
T4TW yes I found the speech. His MIC concerns are what we usually hear about these days rather than his concern that our university minds would become corrupted by the flow of Federal money into centers of higher learning….which they certainly have. And it is no accident that this situation is played down given the domination of media by big money interests. All of Eisenhower’s worst fears have been realized subsequently. Even then, the CIA was becoming a hidden government in conjunction with the military, and could do so because their
acquisition and use of American and foreign funds could be kept secret on grounds of “national security”. Those who control the money will ALWAYS abuse their power if their activities are not transparent and regulated by fair and intelligent overseers.A field of pretense.
And not just in the soft sciences. Increasingly, science is becoming the new God in the sense that scientific claims are offered as mandates from above by our globalist priestly caste. QED. Scientific justifications are offered as rational, objective and free from challenge. But tell that to the South Americans who have been devastated by Friedman economics or the American middle class that has been destroyed by Federal Reserve policies that are “too difficult for the regular citizen to understand” or to citizens who have been poisoned by medications and food deemed safe by our FDA that has been bought and paid for by corporate behemoths ETC ETC. Science without ethics is just another Ponzi con game.
POOF times are rapidly approaching if not already arrived; we have been VERY patient. Perhaps the stratigrapy of our geologic era will be characterized by a micro-plastic sediment layer. Should we expect evolution to generate plastic-digesting organisms given enough time?
” If the debt is external, owed to the Western US/EU nations and banks, then look out all the more, because it’s that much easier not to get paid.”
Seems like selective sovereign (internal vs external) debt repayment is likely to be an important phase in the upcoming debt default game, followed by selective internal debt repayment, as the process grinds on.“The entire world economy rests on the consumer;
if he ever stops spending money he doesn’t have
on things he doesn’t need — we’re done for.”
— Bill Bonner
What the indebted world economy needs is a good purgative.All these terrorist acts should be regarded as false-flag until proven otherwise. It’s the world we live in.
Must say, I agree with Dr. Diablo completely.
And Ilargi, ref your comment ” What’s happening with Syrian refugees today bears some eery resemblances to the boats carrying Jewish refugees prior to WWII that were refused in many ports. Let’s not go there again.” Indeed, you shouldn’t because doing so would necessitate admitting that Israel should be the first to be giving sanctuary to these people. Of course that would be impossible for the most racist country on the planet, that views these people as subhuman, that has been largely responsible for making their homelands unlivable and whose Zionist leaders know that mass immigration will “soften up” and render chaotic both the EU and the USA. No, let’s not go there or it may lead to the “neoliberal” core and we certainly don’t want to expose that.
And Stone Lodge is exactly correct in stating that the large influx of Caribbean and Latin American people into the US over many decades is consequent to the brutal corporate/financial/military exploitation of these lands under the pretense of helping them with democracy and capitalism. The owners keep playing the same game over and over. You can’t fight the devil with a white dove.The “economists” in question don’t publish their nonsense out of carelessness or incompetence – but in completely intentional (and probably paid) support of the 0.1%. They know exactly what they are doing.
Of course they do. And this never-ending game of playing dumb or accidentally coming to a wrong conclusion by the minions of the owners is getting old. As a prol and uninitiated graduate student at Harvard in the late ’60s it became
quickly apparent that many professors had their positions not by dint of their intellectual abilities, but because they sat on powerful administrative committees in Washington that were in charge of distributing Federal funds to institutions of higher learning. These same folks were, not surprisingly, amused and animated when it came to discussions about the deceptive misuse of words. The owners have been playing their nasty little game for a long time.Slovenia To Hire Private Security Firms To Manage Migrant Flows
Refugee crisis will be EU’s 9/11, with exactly parallel consequences: long-term justification for reduction in civil liberties, drain of taxpayer dollars to fund corporate private armies that can/will be used against them, further strengthening of democracy, inc.
Trying to explain this to people who don’t share our focus is like talking to the wall. We must remember than the owners are masters of word games, constantly using them and creating them in ways that promote thought confusion. Just another tool in the control armamentarium. Hoarding laddered short-term Treasuries plus personal cash is optimum at this point. Loss of after-tax principal in a severe deflation should be strenuously avoided. Just as central banks tend to aggressively buy gold when they should be selling, they also sell Treasuries when they should be holding. There is going to be much demand for short-term Treasuries, which may exceed supply. That is why the 2 year FRN Treasuries, which adjust periodically to reflect current market rates, should also be laddered and part of your Treasury portfolio. World debt that has been built up to such staggering proportions is the antithesis of good, self-liquidating, prudent debt. Monstrous debt defaults await us.
Raleigh–yes, you are correct. The owner vetting process begins early on and the only people who become candidates now are proven corruptible and willing to betray the former ideas our country was founded upon. And if they disappoint, they are disposable physically or face insurmountable hurdles with a packed bureaucracy, mass media, banking system, judiciary etc etc. That is why we all should really look forward to a major global social disruption; it seems to be the only process whereby genuinely alternative avenues will be generated powerful enough to turn the ship around.
“I do not take my mandate from the European people.”
That wonderful word “mandate”, which should always prompt a reflexive “hold your nose” response.
Ref Carson, there are a lot of racist Obama haters out there, but it will be a long time before we see another black President, simply because Obama so grossly betrayed the hopeful constituency that elected him. His treachery unfortunately will stigmatize future black contenders for generations.The owners know that a profitable pot is a pot that is gradually heated and stirred with increasing frequency. But they are so focused on their “silly”, short-term, immoral, adolescent goals that they cannot see that they exist in a world with limits.
None of the regulars here are going to disagree with a word of this inspired and accurate essay. But really, folks, we have already been pretty much slow-cooked to death and the few of us who survive will lead much more basic lives.. if they can.. in the “new” environments in which they are situated. I still think it would be “fun” to watch a mass global debt default, a “jubilee declared from below” on the way out.
The article by PCR was spot on except for one glaring error:
” International norms mean Washington’s and Israel’s norms.”
Correct statement should read:
” International norms mean Israel’s norms.”
Or they certainly will be if the current trajectory continues.Sympathy for you Ilargi in your time of loss. Your responsible, kind, supportive behavior is the greatest demonstration of love.
Mandate: an especially ugly word much admired by schemers who insinuate themselves into government, communications and financial institutions in bureaucratic or advisory capacities and through intrigue generate game rules and attitudes that enslave unwitting populations. Intimately connected with the concept of “power”, especially corrupted power.
Occam confirmed: Robert Prechter in his latest Elliott Wave Theorist: if DJIA falls significantly below 15670, forget about another short or intermediate term top.
For Glennda: an article about Baltic Dry Index from 2012
Mish: A quarter-point hike will not cause anything. The causes are already baked in the cake. https://globaleconomicanalysis.blogspot.com/2015/09/ben-bernanke-vs-john-hussman-beauty-of.html#q3JH3c4DrufuqXD4.99
“..it will in the end always decide to do what’s best for Wall Street banks. And these banks could well make a huge killing off a rate hike.They can profit from trouble and volatility in emerging markets as well as domestic markets, provided they’re well-positioned.”
Now you’re thinking like a central banker. Prechter has always maintained that the upcoming debacle will be curtains for central banking, at least in any time frame that we could care about. The Fed should show a little chutzpah ascending the gallows.“Please be wary of falling into ancient prejudices. Our high priests of money and banking now are the ‘whitest’ people on the face of the earth.”
Thanks for the oblique anti-Semitic slur. A game that is getting very tiresome, at least in the USA among non-elites. Anti-Zionism is not anti-Semitism. Well, some of them may be “white” but what they are nominally is unlikely to be what they are functionally and they would not be where they are if they were not reliable players. I’ll stand by my concept of neoliberalism based upon a long life of careful objective observation, study and experience.
Neoliberalism’s ultimate (as in utopian) goal is to create a worldwide Zionist dictatorship in which Goyim swine will be tricked into annihilating each other by means of pseudoscientific, calculated economic schvindles , a long-term process of intellectual destruction engendered by mass propagandistic educational and media systems, and by appropriation of sovereign Western military and intelligence systems by shadow, unelected government policy advisors. And I have tried to read Polyani and find his writing incomprehensible.
“Germany is currently experiencing a period of economic sunshine, which has led to a reduction in xenophobia. I will be interested to see what studies find a few years from now.”
Delayed payback is still payback. The perpetual goal is always chaos, more chaos, leading to that wonderful, glorious, New World Order.
“They all knew about it … but they just let it go.”…..As a key euro area member, Germany had the responsibility to help enforce the fiscal and financial treaty obligations binding the countries where the euro serves as a legal tender.
This is a German thingy…to flesh it out, see “They Thought They Were Free” by Milton Mayer. The more things change…..
Just making a few alterations to the carbon credits playbook. Leading is less of a pain in the butt if humanity can be commodified. The rich-powerful-lazy triad.
Jeroen Dijsselbloem knows how to say “ouch” while he turns the thumbscrew.
“…collapse experiments…” an oh-so solid-sounding euphemism exactly similar to the scientific certitude of Chicago-school economic “theory” in which the investigators knew full well in advance the results of their “studies”.
Neoliberalism is an efficient catalyst for social chaos. And it wasn’t engineered that way by accident. It has become so insinuated in Western political and economic infrastructure that its demise will only occur by the most basic and “inhumane” of mechanisms.
What Lord Pon Zi and his clones don’t seem to understand is that if they keep shooting long/often enough, eventually they will have no feet (or heads) left.
Looks like the action we have all been long awaiting may be taking its first few baby steps. Nothing like thirst, hunger, illness and chronic fear to focus the mind, or what remains of it, after long-term degradation by contemporary MSM and educational systems. If Mother Nature allows our kind to stay in the game, it will be through good luck and a newfound ability to prioritize the long view based upon conditional love, humility and truth.
Nature will take care of it in due course, as it will with population.
YES!
Deleveraging as a Biblical Plague
Actually, it may well be that the consequences of a biblical plague will trigger deleveraging…and renewed vigilance in separation of church and state.
The Machiavellian Debt-Money Monopoly are masters at manipulating really good intentions into outright wicked manifestations on planet Earth.
Sometimes in the great flood of printer’s ink there are expressions that are so undeniably true that they need to be repeated. Deceitful doublespeak is the lingua franca of the anti-ethical globalists.
PLnL
Nope. A regular pyramid like on the back of the $1 bill, with us getting crushed at the bottom and the all-seeing illuminati types partying at the top. Agree totally with Diogenes about cash money BTW. Are you going to hold on to your gold all the way to the bottom, when central banks will be selling, as part of their “last gasp”? The round trip may take a long time.xingu65
Excellent post!
“…people around me seem mostly cowed and ashamed. To tell them to rise up and save themselves and their society seems cruel and delusional.”
From David Graeber, “Debt: The First 5000 Years”
“Surely one has to pay one’s debts.”
“The reason it’s so powerful is that it’s not actually an economic statement: it’s a moral statement…….The very fact that we don’t know what debt is, the very flexibility of the concept, is the basis of its power. If history shows anything, it is that there’s no better way to justify relations founded on violence, to make such relations seem moral, than by reframing them in the language of debt–above all, because it immediately makes it seem that it’s the victim who is doing something wrong.”
Fact is, it is inefficient to fight immorality with morality. Better than bullets, better than trying to change entrenched political corruption with votes is systematic failure of the little people to pay debt, a “Jubilee” initiated from the bottom of the pyramid. This will only accelerate the great deflationary cleansing that has started and show the hubristic an alternate view of “creative destruction”.bluebird
It is not a big deal getting additional bank account linkage authorization forms from Treasury Direct, either by phone or email request. It is most efficient to phone the bank or credit union you are considering hooking up with to make sure that they are receptive to linking up with Treasury Direct. Many do not and many will allow you to transfer funds from TD but not to TD. So speak with the operations manager before wasting your time and gas money going physically to the institution. Remember that if you have four linked bank accounts you can make rounds on one day and withdraw, say $1500 from each without eyebrows being raised and you have added $6000 to the padding in your safety blanket. Twenties or lower; the cashiers seem to be getting less friendly about disbursing cash by the day. I never leave more money in my banks than I will need to cover usual monthly living expenses, with a slight cushion. If you have large bills, such as cc bills, to pay, you can transfer the funds from your liquid CofI at TD to your bank account and they will be available in two business days. Yes, it does look like they will try to rob us all blind, but that doesn’t mean we shouldn’t try every reasonable means possible to keep possession of our savings as long as we can. Failing to understand our legal options and fully use them to protect ourselves will be a recipe for early disaster as our system implodes.Wonderful article, Nicole; many thanks. Timing seems to dovetail nicely with Prechter’s cycle studies which point to a significant intermediate low in mid-2016, so this next year may be exciting. Agree with almost all you have said, and also with Trivium’s comments x3. I feel that this site does not fully recognize the NWO, “revolutionary” movement, its long-term strategy in the banking, teaching, religious, national sovereignity, parallel government, judicial, legislative, executive, and communication-propaganda arenas; a highly malignant and powerful force which foments destabilization and chaos for its own best interest and which hopefully with its painfully-obvious over-reach and hubris is getting ready to shoot itself in the foot in the upcoming major cyclic downturn. I agree with Prechter that central banking will likely be blamed for the depression and that for awhile…as you say all this cyclicality is secondary to defects in human nature… central banking will be abolished. I do not believe that the central government will have time to create a system to supplant physical money in the likely time interval before the crash. But they may well institute a “wealth tax” to legally steal the “profits” that people with net positive wealth “earn” as increased buying power in a highly deflationary period. For most Americans, I think it will be best to stay in rural areas of the United States that have clean air and water and relative lack of crime and to keep physical cash in a safe local place (certainly not a bank or SDB). It is true that if your savings are in Treasury Direct you will lose access to it
if all of the banks fail (the US Treasury is not a bank) but the best way to protect yourself against this is to link your TD account with four or five of the strongest banks in your area. You imply Nicole that interest rates will be kept low for the duration of the deflationary period but Prechter believes that yields on 10 year notes will exceed 20% at the bottom (not due to inflation, but due to fear of non-repayment of principal) and this would probably be a great time to buy if you have purchasing power and this scenario does evolve.OF COURSE Greece was set up to fail. What the stronger nations don’t realize yet is that the weaker ones are just easier to topple first. Iceland’s government is probably being more heavily- or re- infiltrated with “advisers” as we speak, as these creeps don’t take “no” for an answer. Look at the authorization of the Federal Reserve or the 2008 financial collapse bailouts or the more recent legislative votes in the US about international trade agreements. Hopeful viewing is so unrealistic.
