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  5. […] How To Fine A Fine Blogger And Shoot Yourself In The Foot Ilargi […]

  6. […] How To Fine A Fine Blogger And Shoot Yourself In The Foot […]

  7. […] How To Fine A Fine Blogger And Shoot Yourself In The Foot […]

  8. […] later JP Morgan Chase is still making headlines for lying and cheating. The Automatic Earth has a good list of all the ways JP Morgan Chase is lying and cheating. The Big Picture has a list of bank crimes […]

  9. […] bankruptcy on July 18th. We commented on the bankruptcy at length back in the summer in Promises, Promises … Detroit, Pensions, Bondholders And Super-Priority Derivatives, pointing out the extent to which residents have been squeezed for years in order to keep promises […]

  10. […] most states, cities and towns face, and it becomes clear that such absurdities must end soon. As Nicole Foss points out, Americans have already seen a “complex scenario of broken promises unfold, with […]

  11. […] We see the damage in terms of loss of basic services in education, police, fire services, libraries and even garbage removal. That’s the short list, but in the end the money and all the financial games of local governments will run into a hard brick wall. Local governments have to make difficult choices that have a direct impact on the lives and livelihoods of regular people. The end game is on as cities, towns, states and counties are fighting over a continually shrinking pie. […]

  12. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth, Cross posted from Automatic Earth […]

  13. […] Arthur Siegel 2nd Avenue Rush Hour, Detroit 1942 There has been a lot of attention focused on shenanigans at the federal level in the USA this year, with games of brinkmanship and political theatre over the fiscal cliff, the debt ceiling and the…  […]

  14. […] Dorothea Lange She likes to sit and watch the geese 1939 Home of Ola self-help sawmill co-op member, Gem County, Idaho What worries me most about the world today, in the last weeks before Christmas and New Year’s Day 2014, is that all the…  […]

  15. […] Maurer Miss Universe June 1928 3rd International Pageant of Pulchritude and 9th Annual Bathing Girl Revue, Galveston, Texas Last week, I was reading parts of a report issued by Japanese investment bank Nomura, which started out saying that the…  […]

  16. […] “After all, insurance is just another class of protection that may or may not be worth the paper it is written on when push comes to shove, and as we have seen in the case of Detroit, supposed protections can be ephemeral.”  Nicole Foss, The Automatic Earth. […]

  17. […] By Nicole M. Foss, co-editor of The Automatic Earth, where she writes under the name Stoneleigh. She runs the Agri-Energy Producers’ Association of Ontario, where she has focused on farm-based biogas projects and grid connections for renewable energy. While living in the UK she was a Research Fellow at the Oxford Institute for Energy Studies, where she specialized in nuclear safety in Eastern Europe and the Former Soviet Union, and conducted research into electricity policy at the EU level. Originally posted at The Automatic Earth […]

  18. […] video presentation, Facing the Future, co-presented with Laurence Boomert and available from the Automatic Earth Store. Get your copy now, be much better prepared for 2014, and support The Automatic Earth in the […]

  19. […] By Nicole M. Foss, co-editor of The Automatic Earth, where she writes under the name Stoneleigh. She runs the Agri-Energy Producers’ Association of Ontario, where she has focused on farm-based biogas projects and grid connections for renewable energy. While living in the UK she was a Research Fellow at the Oxford Institute for Energy Studies, where she specialized in nuclear safety in Eastern Europe and the Former Soviet Union, and conducted research into electricity policy at the EU level. Originally posted atThe Automatic Earth […]

  20. […] By Nicole M. Foss, co-editor of The Automatic Earth, where she writes under the name Stoneleigh. She runs the Agri-Energy Producers’ Association of Ontario, where she has focused on farm-based biogas projects and grid connections for renewable energy. While living in the UK she was a Research Fellow at the Oxford Institute for Energy Studies, where she specialized in nuclear safety in Eastern Europe and the Former Soviet Union, and conducted research into electricity policy at the EU level. Originally posted at The Automatic Earth […]

  21. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth, Cross posted from Automatic Earth […]

  22. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth, Cross posted from Automatic Earth […]

  23. […] and volatility, as Ilargi notes at The Automatic Earth, underpins the transfer of resources to those with power and the accumulation of wealth by an […]

  24. […] Earth had some interesting comments in How To Fine A Fine Blogger And Shoot Yourself In The Foot in reference to the quote from Testosterone Pit. Everyone of course should include SocGen itself, […]

  25. […] Earth had some interesting comments in How To Fine A Fine Blogger And Shoot Yourself In The Foot in reference to the quote from Testosterone Pit. Everyone of course should include SocGen itself, […]

  26. […] Earth had some interesting comments in How To Fine A Fine Blogger And Shoot Yourself In The Foot in reference to the quote from Testosterone […]

  27. […] Earth had some interesting comments in How To Fine A Fine Blogger And Shoot Yourself In The Foot in reference to the quote from Testosterone Pit. Everyone of course should include SocGen itself, […]

  28. […] Earth had some interesting comments in How To Fine A Fine Blogger And Shoot Yourself In The Foot in reference to the quote from Testosterone Pit. Everyone of course should include SocGen itself, […]

  29. […] Earth had some interesting comments in How To Fine A Fine Blogger And Shoot Yourself In The Foot in reference to the quote from Testosterone […]

  30. […] How Do We Define Value? by Ilargi on The Automatic Earth. […]

  31. […] Lewis Wickes Hine Indianapolis Market 1908 Despite the media talking up optimism and recovery, people are not seeing the supposed good news playing out in their own lives.  […]

  32. […] Facing the Future – Mitigating a Liquidity Crunch Automatic Earth […]

  33. […] Facing the Future – Mitigating a Liquidity Crunch Automatic Earth […]

  34. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth, Cross posted from Automatic Earth […]

  35. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth, Cross posted from Automatic Earth […]

  36. […] bit of good news: Nicole Foss tells us how we can print local scrip to continue to conduct business when the coming depression […]

  37. […] Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth, Cross posted from Automatic EarthI thought I’d start off 2014 on a philosophical note, with something that I hope perhaps people […]

  38. […] How To Fine A Fine Blogger And Shoot Yourself In The Foot […]

  39. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth, Cross posted from Automatic Earth […]

  40. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth, Cross posted from Automatic Earth […]

  41. […] on All The Plans We Make For Our Futures Are Delusions for Ilarji’s full post on The Automatic Earth web log.  Hat tip to naked […]

  42. […] at The Automatic Earth. This article is part 2 of advice on surviving the coming credit collapse; Smart Choices for the Coming Bust – Part 2 – The Automatic Earth Money itself has been so distorted that a collapse of credit will bring a collapse of consumption. […]

  43. […] on All The Plans We Make For Our Futures Are Delusions for Ilarji’s full post on The Automatic Earth web log.  Hat tip to naked […]

  44. […] here.  To read it in its entirety, go here. […]

  45. […] Everything Better Is Purchased At The Price Of Something Worse […]

  46. […] Source: The Automatic Earth […]

  47. […] read, very much worth it: Crash on Demand? A Response to David Holmgren – The Automatic Earth Reply With […]

  48. […] Dorothea Lange “Mr. Dougherty and kid. Warm Springs, Malheur County, Oregon” October 1939 David Holmgren, for whom I have the utmost respect, is best known as one of the co-originators of the permaculture concept.  […]

  49. […] can act to expand the money supply in a defined area. As such they can be particularly useful to address the artificial scarcity of a liquidity crunch, where people and resources still exist, but cannot be deployed for lack of money in circulation. […]

  50. […] populace, and that sewing the seeds of civil discord is always dangerous, Nicole Foss wrote on The Automatic Earth January 9 that financial collapse is already well underway and there is no need to expedite the […]

  51. […] the concentration of wealth, through both the direct methods listed above and the generalized increase in the value of all financial assets. This holds regardless of whether one sees QE as equivalent to the […]

  52. […] […] populace, and that sewing the seeds of civil discord is always dangerous, Nicole Foss wrote on The Automatic Earth January 9 that financial collapse is already well underway and there is no need to expedite the […]…  […]

  53. […] Nicole Foss’ (The Automatic Earth) take on “Crash on Demand”: here […]

  54. […] Nicole Foss’ (The Automatic Earth) take on “Crash on Demand”: here […]

  55. […] it didn’t take long for Nicole to reply with the first answering shot in her TAE article Crash on Demand? A Response to David Holmgren followed soon after by a blast from Rob delivered in his article Holmgren’s ‘Crash on Demand’: […]

  56. […] Nicole Foss at The Automatic Earth mostly supports Holmgren’s position, but offers her own lengthy essay to stake out her nuanced position. […]

  57. […] In un contesto a bassa disponibilità di denaro dovuto alla crisi finanziaria, la domanda di energia non è forte. In un contesto in cui si trovano nuove fonti di energia fossile che possono essere estratte solo ad alto costo, occorrono prezzi dell’energia elevati per generare profitti limitati. Ma se la domanda non è forte i prezzi tendono a scendere. La produzione di energia potrebbe andare in crisi con un andamento discontinuo, tale da generare uno scenario di cambiamenti repentini. La complessità, i cigni neri, le crisi finanziarie a ripetizione sono parte della normalità. È uno degli scenari discussi su The Automatic Earth. […]

  58. […] On Demand.” Here’s a pdf link, and here’s a long summary and analysis by Nicole Foss, and a more concise analysis by Dmitry […]

  59. […] del clima a causa dell’utilizzo di differenti fonti di alimentazione derivate dal fossile: Crash on demand, questa la considerazione di Holmgren, spiega lo scenario più terrificante. Ma leggetevi la […]

  60. […] crisis since its modernization began, and, b) the managers believe a crash is impossible due to the farsighted wisdom (arrogance) of the Chinese Communist Party leadership. Because few managers have any crisis experience, few will know what to do. Bosses will be […]

  61. […] video presentation, Facing the Future, co-presented with Laurence Boomert and available from the Automatic Earth Store. Get your copy now, be much better prepared for 2014, and support The Automatic Earth in the […]

  62. […] video presentation, Facing the Future, co-presented with Laurence Boomert and available from the Automatic Earth Store. Get your copy now, be much better prepared for 2014, and support The Automatic Earth in the […]

  63. […] Mag Shock: Is China Over? More on China's shadow banking system which may be near imploding: Perverse Incentives, China And You – The Automatic Earth Originally Posted by Ex nihilo Dude I am not talking about that crap; I'm talking about […]

  64. […] video presentation, Facing the Future, co-presented with Laurence Boomert and available from the Automatic Earth Store. Get your copy now, be much better prepared for 2014, and support The Automatic Earth in the […]

  65. […] video presentation, Facing the Future, co-presented with Laurence Boomert and available from the Automatic Earth Store. Get your copy now, be much better prepared for 2014, and support The Automatic Earth in the […]

  66. […] Hopkins, Nicole Foss, Dimitry Orlov and Albert Bates have been contributing the sometimes heated discussion in response […]

  67. […] Or you could take the Holmgren strategy of disinvestment as a way to crash the financial system. Probably this won’t be terribly effective as it effectively is the same strategy of making random attacks from the […]

  68. […] Killing the banks to save the dollar Everybody and their dog knows that emerging markets are falling. Especially Turkey. As the hot money slows, it leaves emerging markets. This is quite destabilizing. FED taper may very well precipitate a crisis in Emerging markets that blows the derivatives market to Pluto, BUT; "In other words, perhaps the Fed understands that a dollar crisis is a bigger crisis than a bank crisis and that its bailout of the banks is undermining the dollar. The question is: will the Fed let the banks go in order to save the dollar?" Paul Craig Roberts – Official Homepage This question has been the subject of intense debate for years. Will the FED save the dollar OR the banks? Considering that we are in deflation, this strengthens the dollar. Considering that the bank's exposure to derivatives is close to 1 $ quadrillion, the banks are unsavable. I suspect that the FED will "cut it's losses" at some point and drop the banks AND GOV. The (bank) principals will throw up their hands and claim that there was nothing that they could have done. It worked for Corzine. I predicted that the FED would not taper because it would blow the interest rate swaps. The FED may very well blow the swaps and the banks to preserve the dollar. Who knows? Maybe that is the only way to fight the rise of the Yuan. China used all our hot money to build EVERYTHING. Maybe that was the whole point of QE. China is now unsavable; Debt Rattle Jan 31 2014: Risk Times Risk Equals Fear – The Automatic Earth […]

  69. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth, Cross posted from Automatic Earth […]

  70. […] wrote those words in her response to David Holmgren’s recent essay, Crash on Demand (which I recommend a thorough read and […]

  71. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth, Cross posted from Automatic Earth […]

  72. […] the ‘descent’ blogosphere, including comments by Dmitry Orlov (here), Nicole Foss (here) and Rob Hopkins […]

  73. […] I recommend you read it in order to fully comprehend the following, as well as listening to this podcast, where Nicole goes into further detail) to David Holmgren’s recent essay, Crash on […]

  74. […] Smith. Also appears on the same program is Nicole Foss from the Automatic Earth (who had written Crash on Demand? A Response to David Holmgren). The dynamic duo explains some of the controversial points raised in the debate (including ”The […]

  75. […] Vill ni få en enkel och pedagogisk genomgång vad som ligger i pipeline framöver, se då denna video på 20 min inspelad i Australien mars 2013. Fortsättning på Nicole Foss föredrag finns på bloggen The Automatic Earth. […]

  76. […] • Shocking US factory orders and Chinese bank woes trigger global flight to safety (AEP) […]

  77. […] Nicole Foss (the Automatic Earth) Crash on Demand? A response to David Holmgren […]

  78. […] – Quartz Fed Flails About To Squash Misleading Jobless Measure – Testosterone Pit From the Bernanke Put to the Yellen Trap – Automatic Earth Europe Needs the Fed’s Medicine – […]

  79. […] Raúl Ilargi Meijer.Debt Rattle Feb 6 2014: Remember “Uncharted Territory”? […]

  80. […] Source: World News – by Whatreallyhappened.com […]

  81. […] Source: World News – by Whatreallyhappened.com […]

  82. […] Movement founder Rob Hopkins, and somewhat more sympathetic responses from Dmitry Orlov and Nicole Foss. The second article (due out next month) in my series for Shift Magazine will talk more about this, […]

  83. […] The Future Of Our Children Is Taking Shape Today    The financial industry has taken over political control, and hence now shapes our children’s futures. […]

  84. […] on the tipple at Bessie Mine” 1910A pretty simple and straight continuation from yesterday’s Inequality Leads to War and Crisis , if only to hammer into everyone’s head that inequality is a very damaging development, and a […]

  85. […] that the middle class has been / is deprived of $ 1.6 trillion every year in spendable income. Debt Rattle Feb 15 2014: Kill The Middle Class, Kill The Nation – The Automatic Earth The richest of the rich have taken all of our income but, it is all in the form of paper promises. […]

  86. […] But now it turns out that China was behaving just like us, albeit more secretively, borrowing like crazy and investing more-or-less randomly. And, like us, they’re discovering that randomly investing other people’s money carries some risks. Two long articles that cover China’s plight in some detail were recently posted by Mike Shedlock and Automatic Earth. […]

  87. […] But now it turns out that China was behaving just like us, albeit more secretively, borrowing like crazy and investing more-or-less randomly. And, like us, they’re discovering that randomly investing other people’s money carries some risks. Two long articles that cover China’s plight in some detail were recently posted by Mike Shedlock and Automatic Earth. […]

  88. […] But now it turns out that China was behaving just like us, albeit more secretively, borrowing like crazy and investing more-or-less randomly. And, like us, they’re discovering that randomly investing other people’s money carries some risks. Two long articles that cover China’s plight in some detail were recently posted by Mike Shedlock and Automatic Earth. […]

  89. […] Broke, Bruised And Battered Ilargi […]

  90. […] But now it turns out that China was behaving just like us, albeit more secretively, borrowing like crazy and investing more-or-less randomly. And, like us, they’re discovering that randomly investing other people’s money carries some risks. Two long articles that cover China’s plight in some detail were recently posted by Mike Shedlock and Automatic Earth. […]

  91. […] In fact her response was a long essay in its own right, which deserves to be read in its entirety: Crash on Demand? A Response to David Holmgren. In the middle of this long essay, Nicole Foss has a section that I’d like to quote at […]

  92. […] rising costs, increased scrutiny and more stringent regulations from the federal government" Debt Rattle Feb 18 2014: The Best And Brightest Among Us Are Not – The Automatic Earth The corporatocracy is firmly focused on eliminating it's competition. After it eliminates small […]

  93. […] Kill The Middle Class, Kill The Nation    Where inequality is concerned, America is becoming a third world country. […]

  94. […] Debt Rattle Feb 21 2014: Broke, Bruised And Battered – The Automatic Earth […]

  95. […] Debt Rattle Feb 21 2014: Broke, Bruised And Battered – The Automatic Earth […]

  96. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  97. […] From Ilargi at TAE: […]

  98. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  99. […] via Debt Rattle Feb 24 2014: What Drives The Climate Debate Off Track – The Automatic Earth. […]

  100. […] Debt Rattle Feb 21 2014: Broke, Bruised And Battered – The Automatic Earth […]

  101. […] Debt Mar 1 2014: Peacocks and Poker Faces – The Automatic Earth […]

  102. […] Debt Rattle Mar 3 2014: Is Ukraine A Case of Botched Kingmaking? – The Automatic Earth […]

  103. […] The Bank of England Lights A Fuse Under the Field of Economics Ilargi. We’ve posted on this topic, but this is a good writeup. […]

  104. […] There are great ideas in there (many of them also found in these pages), but there are also great problems, with the article having something of a newly “techno happy” bend and a continuing focus on growth, if redefined,… […]

  105. […] taken the title on this note from an article on the Automatic Earth site. It works for this. Part of that article is about the strange extended episode of the way CNN […]

  106. […] There will be many people who don’t care, there will be many more who don’t understand, and there will be boatloads who refuse to believe it’s true, but it still is. The Bank of England, in one single document, discredited, just at first count, 1) the majority of economics textbooks, 2) vast swaths of the entire field of economics, run as it is by economists educated by those same textbooks, 3) most governments’ economic policies, designed by these economists, 4) much of its own work, also designed by the same economists, 5) Paul Krugman and 6) the “committee” that hands …read more […]

  107. […] BoE's sharp shock to monetary illusions | Business Spectator The BoE Lights A Fuse Under Economics – The Automatic Earth __________________ Be more than you appear to […]

  108. […] What Kills The Economy Kills The Planet Kills Us Ilargi […]

  109. […] Esther Bubley Greaseball, mascot at Stevens Airport, Frederick, MD October 1943 Since we can all attest to the fact that our financial banking economic system is bust and busted, we should probably look at ways to repair and cure it.  […]

  110. […] The latest IPCC report is out, and as predictable as clockwork the reactions are the same old same old lip service, and only that. (…)The politicians in charge of this doomed undertaking are either firmly on the payroll of the people who profit most from the damage done, or, in 99% of cases, they’re simply not intelligent and educated enough to understand. Since our education system has been turned into a machine that only churns out pawns for the big game instead of encouraging independent and critical thought, that shouldn’t be surprising.  […]

  111. […] Debt Rattle Apr 4 2014 – The Fed Desecrates The Constitution […]

  112. […] It’s All Circle Jerks All The Way Down Ilargi […]

  113. […] Manipulated Markets And The Empty Bag Ilargi […]

  114. […] Russia quite matter of factly mentioned that it doesn’t appreciate the presence of 150 mercenaries from Academi affiliate Greystone in Ukraine, wearing, no less, Ukrainian special …read more […]

  115. […] 2014/04/01: TAE: Debt Rattle Apr 1 2014: What Kills The Economy Kills The Planet Kills Us […]

  116. […] Debt Rattle Apr 14 2014: The Parable Of The Blind Man And The Steep Cliff […]

  117. […] Debt Rattle Apr 9 2014: The Great Unwashed American Energy Independence so much for NG saving us…. https://www.theautomaticearth.com/deb…-independence/ […]

  118. […] yesterday I had also seen that The Automatic Earth reposted a graph from Tyler Durden, at ZeroHedge. In truth neither TAE or ZH are known for […]

  119. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  120. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  121. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  122. […] Hamptons Home Prices – Bloomberg Bubbles Are Doing What Bubbles Do – Alhambra Partners QE Is A Fraud Perpetrated By Made Men – Automatic […]

  123. […] via The Great Unwashed American Energy Independence – The Automatic Earth. […]

  124. […] QE was never intended to help recover the real economy, but to hide the too-big-to-fail banks' losses.  […]

  125. […] Besides, the US might be well advised to focus on another kind of war that picking up speed, that of global currencies. Unless all the shouting over Ukraine is merely an attempt to hide the fact that it has already conceded defeat, and all bets are now on the armed forces. The loss of value in the Chinese yuan (renminbi) is taking on “real proportions”, and that has Tyler Durden wonder what it all means: […]

  126. […] Is America Preparing For The Wrong War? – The Automatic Earth […]

  127. […] Het begint bij banken en beleggers door te dringen dat landbouwgrond een goede investering is, die altijd een behoorlijk rendement zal opleveren. Daarom stijgt de vraag naar landbouwgrond en daarmee de prijs. Op haar weblog ‘The automatic earth’ schrijft Nicole Foss over de laatste ontwikkelingen op dit …. […]

  128. […] authoritarianism where fascist leaders warn with clubs of poverty infliction. Automatic Earth post How America Grows Its Way Into Poverty. Bloomberg reports Xi Vows to Combat Terrorism After Blast Kills 3 in Xinjiang. President Xi […]

  129. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  130. […] First Time In 800,000 Years: April CO2 Levels Above 400 ppm Ilargi […]

  131. […] Americans Find A New Source Of Spending Money Ilargi […]

  132. […] Debt Rattle May 6 2014: Americans Find A New Source Of Spending Money […]

  133. […] via A Parasite Is Devouring The Heart Of America – The Automatic Earth. […]

  134. […] it will be too late. Because the shadow side lies in the future, and we live in the present." The True Parasites Of Finance – The Automatic Earth Everything that you read in the financial papers talks about this big bond offering or a new IPO […]

  135. […] How To Redress The Planet’s Energy Balance Ilargi […]

  136. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  137. […] Europe Imitates The Fall Of The Roman Empire […]

  138. […] Foss: In part one of this series, we looked at finance as a major causal factor in the development of food […]

  139. […] thought of him, then, when I read this bit from Ilargi at The Automatic Earth a few days […]

  140. […] via Finance and Food Insecurity – The Automatic Earth. […]

  141. […] I recently read an interesting take on the human condition as it relates to both of the above definitions, but especially that which pertains to physics.  To sum it up… humans evolved in order to serve as the avatar of the entropy principle: to restore randomness to the considerable energy imbalance represented by the vast amount of solar energy stored in the form of Earth’s subterranean deposits of fossil hydrocarbon. Interesting… no?  From theautomaticearth.com: […]

  142. […] Yves here. Readers are likely to beg to differ with this post’s assessment of the newly elected president of Ukraine. However, the key part of this analysis is the degree to which his support and authority comes under pressure when Gazprom insists it gets paid or else. I’m updating this post about a half hour after its release to include this comment from Ilari’s post earlier today: […]

  143. […] The New Normal is Negative Ilargi […]

  144. […] via Physical Limits to Food Security: Water and Climate – Nicole Foss. […]

  145. […] credit is debt. Britain thinks that their debt is about 500% of GDP. Actually, it is closer to 950% Everything You Think You Own Has Been Borrowed – The Automatic Earth Interest rates have been driven down to zero. Stock earnings have been driven down to about […]

  146. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  147. […] Click here to read why the author believes this. […]

  148. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  149. […] The New Normal is Negative    Less exports, less imports, less earnings and corporate profits down. Is that how you spell recovery these days? […]

  150. […] From  Raúl Ilargi Meijer at The Automatic Earth: […]

  151. […] Automatic Earth posts 3 Articles On The Mysterious Missing 100,000 Tons Of Copper And Aluminum that could have far reaching repercussions in commodities and financing markets. As if it’s not […]

  152. […] If we can't plead stupidity, what else is there? How do we live with ourselves? Is it all the stuff we buy that manages to numb our brains and consciences?  […]

  153. […] Debt Rattle Jun 6 2014: Multiple Claims To Underlying Chinese Wealth […]

  154. […] If we can't plead stupidity, what else is there? How do we live with ourselves? Is it all the stuff we buy that manages to numb our brains and consciences? When I see a headline like this one at Bloomberg today, World Needs Record Saudi Oil Supply as OPEC Convenes, there’s just one thought that pops into my head: what the world needs is for us to stop doing this thing we’re doing. Even apart from peak oil concerns, it’s obvious we’re going to run out at some point or another, and it doesn’t matter whether that’s tomorrow or at some other point in the future, though we do know it’s not going to take another 100 years, or even 50. And nothing will ever take the place of oil; once those unique carbons are gone, that’s it, we’ll have to find a completely different way of running our societies, and if we’re not smart enough to prepare for that beforehand, we’ll be cats fighting in a sack and use the last scraps to kill off each other. And our legacy won’t be the Greek thinkers and Picasso and Dostoyevsky and Walt Whitman and Maria Callas, since there won’t be the means for our children anymore to share what makes man great between them. Our main legacy will instead be bloodshed, we will have gone the exact same path that any non-thinking or even primitive organism would have taken, who don’t have opera or philosophy or poetry to their name.  […]

  155. […] Automatic Earth: Debt Rattle Jun 9 2014: Stupidity Is Not A Valid Defense For Us. Even apart from peak oil concerns, it’s obvious we’re going to run out at some point or […]

  156. […] June 11, exactly – only – a week ago, I wrote, in Japan Enters Financial Nowhere, about a new phase in Japan’s downfall, the demise of its famous savings surplus which had kept […]

  157. […] once you realize that it must crash no matter what, and that you are really nothing but an animal caged by the system, what should you choose? I think perhaps it’s a choice between your weaknesses and your strengths. Though I know it’s not nearly as simple as that, because the crash will erase much of what we hold dear, for whatever reason we do that. It’s probably good to acknowledge that the choice is not between crash or no crash, but between weakness and strength, and that a crash is a system fixing itself back to health, something that has a lot of positive connotations, even if that is the only positive feature it has. Wait, there’s one other: our children will see a lot of the debts they are now being born with, disappear. But it will come at an unprecedented price. (The Automatic Earth, 17 June 2014.) […]

  158. […] TLB UK recommends you visit https://www.theautomaticearth.com for more great articles and information. See original article […]

  159. […] Earth posts It’s A Case Of Bad Debt Driving Out Good Money. The difference between debt and equity is the same as that between debt and money. And McNally […]

  160. […] Most of my writings about vulnerability are very intimate and personal oriented. Rape, violence and war of course make women and children especially vulnerable. I was reading these words the other day, “It’s inevitable that there will be no economic recovery, and it’s equally inevitable that the economy must crash. If you move with the herd, you will be crushed. A world of violent storms and heatwaves, of crop losses and flooded nations, a world which at the same time will have far less energy available to deal with these issues, and no money/credit to speak of to buy that energy with. That looks like a pretty accurate picture of the world that we – or is that our children? – will live in,” wrote The Automatic Earth. […]

  161. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  162. […] let me take a second to get back to my article yesterday, Optimism Bias Squared , because I got a mail from someone at the IMF (who requests anonymity), which refers to a working […]

  163. […] Monday, June 30, 2014, Automatic Earth postsIt’s A Case Of Bad Debt Driving Out Good Money. The difference between debt and equity is the same as that between debt and money. And McNally […]

  164. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  165. […] I move on to today’s essay, published courtesy of The Automatic Earth, let me ponder about the nature of reason.  A quick dip into the dictionary offers […]

  166. […] We simply don't have the wealth left that would allow us to make "the switch" from fossils to renewables.  […]

  167. […] The result of all this more-or-less random stock buying is a market that is, by pretty much every valuation measure, hyper-expensive and therefore ready for (at least) a serious correction. For a sense of what happens when our manifestly-false bull market finally ends, see this evocatively-titled essay from Automatic Earth: Don’t Go Walk Under Wall Street Windows […]

  168. […] via The Economy Is Deteriorating Fast – The Automatic Earth. […]

  169. […] and it means the USD is set to surge. Ambrose Evans-Pritchard is dead on in that respect:" The Rise Of The Super Dollar – The Automatic Earth The world got complacent and denominated all that debt in dollars. Most nations of the world have […]

  170. […] The Economy Is Deteriorating Fast : “The insanity doesn’t just continue, it intensifies. The overriding idea is still that […]

  171. […] Like many of my blog posts, I got the idea and inspiration for this one from another source.  This one came from reading a post on TAE by Ilargi, himself a Dutch national, and therefore touched by the MH17 incident: The Day God Looked Away. […]

  172. […] Debt Rattle Jul 24 2014: Ukraine: What To Do When Growth Is Gone […]

  173. […] particularly good summary of the general situation in the Ukrainian drama comes from the Automatic Earth site. There have […]

  174. […] Automatic Earth posts Economic Warfare Is it the Kremlin, or the White House, that has redrawn Europe’s borders by force? Or, in […]

  175. […] on the headline (link) for the full text.US and EU Lose Major Energy Battle in UkraineIlargi, The Automatic Earth As the propaganda war over 298 innocent dead people plunges into ever […]

  176. […] Foundation report, Wealth Levels, Wealth Inequality And The Great Recession, that I mentioned in Washington Thinks Americans Are Fools. I posted a pic from the report and said it “makes clear ‘recovery’ is about the worst […]

  177. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  178. […] George Kennan, no. 1 US expert on Russia, who defined policies, was strongly opposed to NATO expansion and would have hated US involvement in Ukraine.  […]

  179. […] There’s a war going on already in Europe […]

  180. […] Earth, to see who links to us. A few days ago, there were a bunch of links to my July 27 article US and EU Lose Major Energy Battle in Ukraine (I find it hard to believe nobody else has jumped on the ‘heart’ of that article: the Ukraine […]

  181. […] Rothstein Elm Street, Theater Row, Dallas Jan 1942I don’t think it’s ever a good sign, no matter how funny it may look, when the US state Department makes one think of Monty Python. But […]

  182. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  183. […] did I call yesterday’s article again? Oh, that’s right, I called it Europe’s Tumbling, Who’s To Blame?. Well, I’m not a seer, or clairvoyant, but I might as well have used that exact same title again […]

  184. […] just read this morning this article by Ilargi of The Automatic Earth and I must share here a quote from that piece which I see as being the most concise and accurate […]

  185. […] did I call yesterday’s article again? Oh, that’s right, I called it Europe’s Tumbling, Who’s To Blame?. Well, I’m not a seer, or clairvoyant, but I might as well have used that exact same title again […]

  186. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  187. […] From Raúl Ilargi Meijer at The Automatic Earth: […]

  188. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  189. […] Meijer nennt die Arktik als besonderes Beispiel – und geht sodann genauer auf die dortigen Herausforderungen ein, siehe hier. […]

  190. […] my view, America doesn’t sufficiently understand the region, and therefore chooses theWrong Friends, Wrong Enemies, Wrong Fights . And I think that is due to pure American hubris and […]

  191. […] Debt Rattle Aug 12 2014: The Lost Art of Empire […]

  192. […] recommends you visit The Automatic Earth for more great articles and pertinent […]

  193. […] Obama Fails As Schoolyard Bully […]

  194. […] America Can See Its Future In The Mirror    The future is creeping up on them in small, slow and silent steps, until one day it will simply be there, no longer deniable or avoidable, and it will find them woefully unprepared.   A God Zilla’s Pick!!! […]

  195. […] Janet Yellen is an Insult to Americans – The Automatic Earth […]

  196. […] By Raul Ilargi Meijer of The Automatic Earth […]

  197. […] Yellen is an Insult to Americans theautomaticearth.com/debt-rattle-au… Good takedown of the Eater of Children’s Jackson Hole lie […]

  198. […] By Raul Ilargi Meijer of The Automatic Earth […]

  199. […] Central banks exist to protect banks, and the banking system as a whole, from danger. They pretend that they protect the larger economy, and the people on Main Street, but that’s just a convenient little story. Enhanced by the idea that what is good for banks is also good for you. Which is absolute baloney, but it works like a charm. – The Automatic Earth […]

  200. […] By Raul Ilargi Meijer of The Automatic Earth […]

  201. […] Today’s phrase was, and I quote, “The system decides”.  Read the relevant piece here. […]

  202. […] By Raul Ilargi Meijer of The Automatic Earth […]

  203. […] By Raul Ilargi Meijer of The Automatic Earth […]

  204. […] By Raul Ilargi Meijer of The Automatic Earth […]

  205. […] reasonable conclusions on at least some of them in one of his latest posts at The Automatic Earth, here.  It is worth reading, in my view.  As is his daily round-up and critique of news […]

  206. […] Yellen’s keynote speech at Jackson Hole. David Stockman called it “Keynesian blather.” Someone else called it an insult to America’s […]

  207. […] If there is a place for NATO in the world today, it must be as a force for peace. If not, it can only be a war mongerer, a tool for the war party.  […]

  208. […] France is a very proud nation. It's also very large in the European context. Without it there is no EU, and no euro. (RT @julijuxtaposed: "Is #France About To Kill The Eurozone?  […]

  209. […] via Is France About To Kill The Eurozone? – The Automatic Earth. […]

  210. […] Ilargi Meijer, The Automatic Earth, Released on […]

  211. […] What is 'insufficient spending' ? Is it where people can't buy enough food for their children, or is it where GDP growth fails to meet economists' models?  […]

  212. […] put forward by Bradova and Acosta align with a similar rebuttal to Raul Ilargi Meijer’s report on Jay Hanson’s work on “Overshoot Loop” theory: namely, that white men are not […]

  213. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  214. […] Protecting Wall Street, or rather enhancing Wall Street's profits, is why Janet Yellen is about to raise US interest rates. Banks stand to profit.  […]

  215. […] From  Raúl Ilargi Meijer of The Automatic Earth […]

  216. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  217. […] From  Raúl Ilargi Meijer of The Automatic Earth […]

  218. […] Leave a reply inSharFrom  Raúl Ilargi Meijer of The Automatic Earth […]

  219. […] These Clowns Are Dragging Us Into War – The Automatic Earth. […]

  220. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  221. […] From Raúl Ilargi Meijer at The Automatic Earth: […]

  222. […] These Clowns Are Dragging Us Into War […]

  223. […] From  Raúl Ilargi Meijer of The Automatic Earth […]

  224. […] >>> zum Original-Beitrag bei The Automatic Earth […]

  225. […] MORE: These Clowns Are Dragging Us Into War (The Automatic Earth) […]

  226. […] >>> zum Original-Beitrag inklusive Charts bei Armstrong Economics […]

  227. […] Blogindlæg på Theautomaticearth.com : “But these clowns are dragging us into war. And yes, maybe it would be a good idea for you to tell them that you don’t want them to. Before your kids, or their friends, their neighbors, start dying in some far away ugly theater they should never have been part of.Is peace impossible in Ukraine today? No. Not at all. But it is as long as the west keeps its hopes for conquering the Donbass alive. It should have known that from the start, and perhaps it did, and started this crusade anyway, because the grand prize it’s after is Russia itself. Over our dead bodies.” […]

  228. […] From  Raúl Ilargi Meijer of The Automatic Earth […]

  229. […] forma casual mas aparentemente concertada como o Ocidente está a entrar em nova Guerra Fria com a Rússia […]

  230. […] Source: The Automatic Earth ,  Raúl Ilargi Meijer […]

  231. […] Raúl Ilargi Meijer | The Automatic Earth | September 1, […]

  232. […] Time To Take Our Hands Off These Lying Basterds – The Automatic Earth […]

  233. […] wage as debt just grows ever bigger. We aren't growing and we aren't going to grow in the future; We Live In A New World, But We Don't Want To – The Automatic Earth GOV has crippled wealth creation with crony capitalism and collectivism. They have purposely […]

  234. […] Dorothea Lange Country filling station owned by tobacco farmer, Granville County, NC Jul 1939 From Shorpy Historic Pictures, which I discovered at Automatic Earth […]

  235. […] Peter Sekaer Times Square with Father Duffy statue 1937 This is it. This is the biggest we're going to get. We won't grow anymore. Not bigger, not wider, not taller (just thicker perhaps, in the sense of more stupid). I return to this from time to time, and still I never see even just one voice in the media with even one hair's breadth of doubt about the overarching theme of g …  […]

  236. […] of borrowing that leads to destabilizing booms, either in hot asset classes or across the board. As Automatic Earth’s Raúl Ilargi Meijer put it just this […]

  237. […] There’s not a single day that we’re not treated to more smart treats about stimulus measures. Are they necessary, are they good, are they bad, who profits from them. It gets really long in the tooth. Today, former ECB head Trichet says unlimited stimulus ‘risks’ blowing bubbles. “Supplying unlimited amounts of liquidity at interest rates close to zero has “unintended counterproductive consequences.” No shit, assclown. Does Jean-Claude really mean to claim he just figured that one out now? Why else did he never say it before? There are 1001 other wise guys like Trichet who’ve only recently seen a sliver of light, and see fit to make the great unwashed party to their new found wisdom. And they’re the vanguard, all the rest still sit on their asses. The simple truth about ultra low interest rates is so simple it’s embarrassing, at least for those who claim they benefit society. That is, ultra low rates make borrowing accessible to the wrong people, and to the right people for the wrong reasons. The former are people who shouldn’t be able to borrow a dime, because they have no credit credibility, the latter borrow only for unproductive or counter-productive reasons. Like companies setting up mergers and acquisitions not because a merger or stock buy-back is a good idea in itself, but because at 0% it’s too easy a risk not to take when you know it’ll lift your share price, and you can fire thousands of people to boot and label that ‘efficiency’. In that same vein, but on an individual scale, mortgages will once again be made tempting for people who shouldn’t ever have a mortgage, at least not until they have their finances in order, through plans like the Access to Affordable Mortgages Act the US Congress is planning to launch upon the country. That is to say, if a 4% rate is too high for the poor, let’s make it less. But if you can’t afford 4%, you shouldn’t have a mortgage, period, and your government certainly shouldn’t entice you into getting one. No matter how left or how right you lean politically, that is simply not something a pot a government should be stirring in or tampering with. That Congress prepares to do so anyway is a solid sign of how desperate Washington is about the US economy. That’s not even open to discussion. Ultra low rates in a situation of already existing excessive debt levels is like feeding terminal patients strychnine, and telling them they’re sure to feel much better in the morning. Or maybe just something along the lines of: how much worse could it get? US banks complain that they can’t lend out more because the potential penalties, in case the loan turns bad, are too severe. So Washington will lower those penalties (want to bet?). If not, home prices will fall, and we can’t have that, can we? We live in a virtual economy, whereas we desperately need a real one. We need it because if we don’t get one soon, the virtual one will eat huge parts of every hard-working American’s (and European’s) fast shrinking wealth. There are no western stock markets anymore, other than a bunch of idle numbers we see in the media. Trade volume is at levels as ultra low as interest rates, AND central banks are buying shares, AND a huge chunk of the market is high-frequency trade. What all that means is the Dow and S&P no longer reflect anything even remotely related to the American economy. That link is broken, gone. Not a minor detail. Handing trillions to essentially broke banks, and on top of that enabling them to borrow – virtually – unlimited amounts of funds, is in essence the worst thing that could happen to the US economy. It is, though, the only way to save those same banks. And that’s why we have QE. It kills the real economy to save Wall Street. The latter has more political say than the former, i.e. it purchases more votes. It is simple indeed. There are plenty historical average charts and stats for business loans and mortgage loans, and there’s no reason we should be at that average today. Other than that, we are at a historically unique, never before seen, point at which we can only keep appearances if we give money away for free to those who already have the highest levels of debt. And that will only work short term. After that, all that remains is ‘Le deluge’, i.e. the wash-out flood, i.e. the debt tsunami. That’s the only simple truth there is as far as QE is concerned. It’s nothing but yet another way to transfer money from you to the bankrupt yet privileged world of finance. Designed to allow the banks to postpone their inevitable moment of reckoning, and let everyone else pay for that delay. How simple would you like it? The financial hole you’re in gets deeper every single day courtesy of your own government and central bank. That’s what QE means to you. Told you it was simple. source […]

  238. […] By by Raúl Ilargi Meijer of the Automatic Earth […]

  239. […] By by Raúl Ilargi Meijer of the Automatic Earth […]

  240. […] Submitted by Raul Ilargi Meijer, via the Automatic Earth blog, […]

  241. […] Submitted by Raul Ilargi Meijer, via the Automatic Earth blog, […]

  242. […] By by Raúl Ilargi Meijer of the Automatic Earth […]

  243. […] Submitted by Raul Ilargi Meijer, via the Automatic Earth blog, […]

  244. […] of borrowing that leads to destabilizing booms, either in hot asset classes or across the board. As Automatic Earth’s Raúl Ilargi Meijer put it just this […]

  245. […] is on the minds of those in “positions of power”. Although some military experts and individual citizens are attempting to stop the “rush to battle”, their efforts are surely done […]

  246. […] Submitted by Raul Ilargi Meijer, via the Automatic Earth blog, […]

  247. […] By by Raúl Ilargi Meijer of the Automatic Earth […]

  248. […] Submitted by Raul Ilargi Meijer, via the Automatic Earth blog, […]

  249. […] of borrowing that leads to destabilizing booms, either in hot asset classes or across the board. As Automatic Earth’sRaúl Ilargi Meijer put it just this […]

  250. […] The financial hole you're in gets deeper every single day courtesy of your own government and central bank. That's what QE means to you.  […]

  251. […] Please Scotland, Blow Up The EU Ilargi […]

  252. […] by Raúl Ilargi Meijer | The Automatic Earth […]

  253. […] as should be obvious from my essay (Jim Kunstler tells me I can use that word) yesterday, Please Scotland, Blow Up The EU, and sometime today a thought crept up on me that has me wondering how ugly this thing is going to […]

  254. […] From Raúl Ilargi Meijer at TAE: […]

  255. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  256. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  257. […] Scotland, as should be obvious from my essay (Jim Kunstler tells me I can use that word) yesterday, Please Scotland, Blow Up The EU, and sometime today a thought crept up on me that has me wondering how ugly this thing is going to […]

  258. […] Прeдстaвлeнный Рaуль Ilargi Meijer чeрeз aвтoмaтичeскую систeму зeмля блoг, […]

  259. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  260. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  261. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  262. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  263. […] is the stance from The Automatic Earth Please Scotland, Blow Up The EU.  Or try The London School of Economics: The ‘domino effect’ from Scotland’s referendum is […]

  264. […] Scotland, as should be obvious from my essay (Jim Kunstler tells me I can use that word) yesterday, Please Scotland, Blow Up The EU, and sometime today a thought crept up on me that has me wondering how ugly this thing is going to […]

  265. […] por Raúl Ilargi Meijer a través del blog de ​​la Tierra automática […]

  266. […] debería ser obvio a partir de mi ensayo (Jim Kunstler me dice que puedo usar esa palabra) de ayer, Por favor, Escocia, Blow Up, la UE , y en algún momento hoy un pensamiento deslizado en mí que me tiene preguntándome  cuan fea […]

  267. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  268. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  269. […] as should be obvious from my essay (Jim Kunstler tells me I can use that word) yesterday, Please Scotland, Blow Up The EU, and sometime today a thought crept up on me that has me wondering how ugly this thing is going to […]

  270. […] rate hikes are discussed, like I did two weeks ago in This Is Why The Fed Will Raise Interest Rates, most people have similar initial reactions. ‘They can’t do that, it would kill the economy, or […]

  271. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  272. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  273. […] rate hikes are discussed, like I did two weeks ago in This Is Why The Fed Will Raise Interest Rates, most people have similar initial reactions. ‘They can’t do that, it would kill the […]

  274. […] rate hikes are discussed, like I did two weeks ago in This Is Why The Fed Will Raise Interest Rates, most people have similar initial reactions. ‘They can’t do that, it would kill the […]

  275. […] rate hikes are discussed, like I did two weeks ago in This Is Why The Fed Will Raise Interest Rates, most people have similar initial reactions. ‘They can’t do that, it would kill the […]

  276. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  277. […] This post is from Raúl Ilargi Meijer at theautomaticearth.com: […]

  278. […] rate hikes are discussed, like I did two weeks ago in This Is Why The Fed Will Raise Interest Rates, most people have similar initial reactions. ‘They can’t do that, it would kill the economy, or […]

  279. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  280. […] The Fed Has A Big Surprise Waiting For You – The Automatic Earth. […]

  281. […] rate hikes are discussed, like I did two weeks ago in This Is Why The Fed Will Raise Interest Rates, most people have similar initial reactions. ‘They can’t do that, it would kill the economy, or […]

  282. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  283. […] rate hikes are discussed, like I did two weeks ago in This Is Why The Fed Will Raise Interest Rates, most people have similar initial reactions. ‘They can’t do that, it would kill the economy, or […]

  284. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  285. […] From Raúl Ilargi Meijer at TAE: […]

  286. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  287. […] borrowing that leads to destabilizing booms, either in hot asset classes or across the board. As Automatic Earth’sRaúl Ilargi Meijer put it just this […]

  288. […] rate hikes are discussed, like I did two weeks ago in This Is Why The Fed Will Raise Interest Rates, most people have similar initial reactions. ‘They can’t do that, it would kill the economy, or […]

  289. […] Ilargi at theautomaticearth.com makes a compelling case for the Fed raising interest rates sooner than most believe possible as the only means left to maintain banking-sector profits: The Fed Has A Big Surprise Waiting For You. […]

  290. […] The Yin and Yang of Growth and Power Ilargi […]

  291. […] rates sooner than most believe possible as the only means left to maintain banking-sector profits: The Fed Has A Big Surprise Waiting For You. Though we can be confident that Janus Yellen’s face looking back in time sees the […]

  292. […] rates sooner than most believe possible as the only means left to maintain banking-sector profits: The Fed Has A Big Surprise Waiting For You.  Though we can be confident that Janus Yellen’s face looking back in time sees the […]

  293. […] sooner than most believe possible as the only means left to maintain banking-sector profits: The Fed Has A Big Surprise Waiting For You.  Though we can be confident that Janus Yellen's face looking back in time sees the […]

  294. […] sooner than most believe possible as the only means left to maintain banking-sector profits: The Fed Has A Big Surprise Waiting For You.  Though we can be confident that Janus Yellen's face looking back in time sees the […]

  295. […] Source: The Automatic Earth blog, by Raul Ilargi Meijer […]

  296. […] sooner than most believe possible as the only means left to maintain banking-sector profits: The Fed Has A Big Surprise Waiting For You.  Though we can be confident that Janus Yellen's face looking back in time sees the […]

  297. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  298. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  299. […] is, I called that essay Draghi To Save Europe With Semantics , and maybe I shouldn’t have, because it’s obviously not the most sexy and catchy title […]

  300. […] is, I called that essay Draghi To Save Europe With Semantics , and maybe I shouldn’t have, because it’s obviously not the most sexy and catchy title on the […]

  301. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  302. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  303. […] is, I called that essay Draghi To Save Europe With Semantics , and maybe I shouldn’t have, because it’s obviously not the most sexy and catchy title […]

  304. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  305. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  306. […] is, I called that essay Draghi To Save Europe With Semantics , and maybe I shouldn’t have, because it’s obviously not the most sexy and catchy title […]

  307. […] Is Back With A Vengeance Submitted by Tyler Durden on 09/16/2014 21:03 -0400 Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Christopher Helin Franklin car on slope, San Francisco. 1920 A few days ago, I wrote an […]

  308. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  309. […] Subprime Is Back With A Vengeance – The Automatic Earth. […]

  310. […] is, I called that essay Draghi To Save Europe With Semantics , and maybe I shouldn’t have, because it’s obviously not the most sexy and catchy title on the […]

  311. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  312. […] Ilargi at theautomaticearth.com makes a compelling case for the Fed raising interest rates sooner than most believe possible as the only means left to maintain banking-sector profits: The Fed Has A Big Surprise Waiting For You. […]

  313. […] via Subprime Is Back With A Vengeance – The Automatic Earth. […]

  314. […] is, I called that essay Draghi To Save Europe With Semantics , and maybe I shouldn’t have, because it’s obviously not the most sexy and catchy title on the […]

  315. […] Must-read commentary/analysis. […]

  316. […] Debt Rattle Sep 16 2014: Subprime Is Back With A Vengeance (The Automatic Earth, Sep 16, […]

  317. […] in the very first paragraph. They have a good imagination at least those "engineers" Russian Union Of Engineers Accuses Ukraine Airforce In MH17 Crash – The Automatic Earth The Malaysia Airlines Boeing 777 was carrying out the 17.07.2014 flight Amsterdam – […]

  318. […] Please Scotland, Blow Up The EU The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it – John Kenneth Galbraith Reply With Quote […]

  319. […] Looking for another opinion? If so, please consider the Automatic Earth Commentary on MH17. […]

  320. […] Russian Union Of Engineers Accuses Ukraine Airforce In MH17 Crash […]

  321. […] Looking for another opinion? If so, please consider the Automatic Earth Commentary on MH17. […]

  322. […] EU Official after referendum: "A Europe driven by self-determination of peoples … is ungovern… […]

  323. […] EU Official after referendum: "A Europe driven by self-determination of peoples … is ungovern… […]

  324. […] Looking for another opinion? If so, please consider the Automatic Earth Commentary on MH17. […]

  325. […] beginning to show. Here is the EU Trade Commissioner, Karel De Gucht, quoted in a piece over at The Automatic Earth talking about the Scottish independence […]

  326. […] ] yo como no estoy en Linkedin porque no soy medrador no puedo entrar ahí) del TAE, en el que escribe también  Nicole Foss  Senior Editor at The Automatic Earth  alias Stoneleigh […]

  327. […] beginning to show. Here is the EU Trade Commissioner, Karel De Gucht, quoted in a piece over at The Automatic Earth talking about the Scottish independence […]

  328. […] Debt Rattle Sep 19 2014: Scotland and the Spirit of Our Time […]

  329. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  330. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  331. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  332. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  333. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  334. […] to the Russian Engineers’ Union report as mentioned by Kunstler.  The Automatic Earth also linked to this report and included a useful extract of part of the summary if you don’t wish to […]

  335. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  336. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  337. […] beginning to show. Here is the EU Trade Commissioner, Karel De Gucht, quoted in a piece over at The Automatic Earth talking about the Scottish independence […]

  338. […] clear, but a few suggestions come to mind, some of which I mentioned earlier this month in The Fed Has A Big Surprise Waiting For You and in What Game Is Being Played With the US […]

  339. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  340. […] Why the Fed moves the way it does, the moment it does, in its three pronged combo of fully tapering QE, hiking rates (or at least threatening to) and pushing up the greenback, is not immediately clear, but a few suggestions come to mind, some of which I mentioned earlier this month in The Fed Has A Big Surprise Waiting For You and in What Game Is Being Played With the US Dollar?. […]

  341. […] clear, but a few suggestions come to mind, some of which I mentioned earlier this month in The Fed Has A Big Surprise Waiting For You and in What Game Is Being Played With the US […]

  342. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  343. […] clear, but a few suggestions come to mind, some of which I mentioned earlier this month in The Fed Has A Big Surprise Waiting For You and in What Game Is Being Played With the US […]

  344. […] clear, but a few suggestions come to mind, some of which I mentioned earlier this month in The Fed Has A Big Surprise Waiting For You and in What Game Is Being Played With the US […]

  345. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  346. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  347. […] It’s The Dollar, Stupid! – The Automatic Earth. […]

  348. […] beginning to show. Here is the EU Trade Commissioner, Karel De Gucht, quoted in a piece over at The Automatic Earth talking about the Scottish independence […]

  349. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  350. […] beginning to show. Here is the EU Trade Commissioner, Karel De Gucht, quoted in a piece over at The Automatic Earth talking about the Scottish independence […]

  351. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  352. […] Do we really feel like we can't achieve anything without money anymore? And shouldn’t we, as soon as we feel that way, start doing something about it?  […]

  353. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  354. […] clear, but a few suggestions come to mind, some of which I mentioned earlier this month in The Fed Has A Big Surprise Waiting For You and in What Game Is Being Played With the US […]

  355. […] Do we really feel like we can't achieve anything without money anymore? And shouldn’t we, as soon as we feel that way, start doing something about it?  […]

  356. […] The Automatic Earth blog, by Raul Ilargi […]

  357. […] beginning to show. Here is the EU Trade Commissioner, Karel De Gucht, quoted in a piece over at The Automatic Earth talking about the Scottish independence […]

  358. […] this week: Debt Rattle Sep 25 2014: It’s The Dollar, Stupid! The following are some […]

  359. […] But before we put this topic to bed, here is Raúl Ilargi Meijer explaining why “The US Has No Banking Regulation, And It Doesn’t Want Any“ […]

  360. […] But before we put this topic to bed, here is Raúl Ilargi Meijer explaining why “The US Has No Banking Regulation, And It Doesn’t Want Any“ […]

  361. […] But before we put this topic to bed, here is Raúl Ilargi Meijer explaining why “The US Has No Banking Regulation, And It Doesn’t Want Any“ […]

  362. […] But before we put this topic to bed, here is Raúl Ilargi Meijer explaining why “The US Has No Banking Regulation, And It Doesn’t Want Any“ […]

  363. […] But before we put this topic to bed, here is Raúl Ilargi Meijer explaining why “The US Has No Banking Regulation, And It Doesn’t Want Any“ […]

  364. […] But before we put this topic to bed, here is Raúl Ilargi Meijer explaining why “The US Has No Banking Regulation, And It Doesn’t Want Any“ […]

  365. […] But before we put this topic to bed, here is Raúl Ilargi Meijer explaining why “The US Has No Banking Regulation, And It Doesn’t Want Any“ […]

  366. […] But before we put this topic to bed, here is Raúl Ilargi Meijer explaining why “The US Has No Banking Regulation, And It Doesn’t Want Any“ […]

  367. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  368. […] of the charade that has taken place during the last six years. It has become readily apparent that the puppets in Washington do not want bank regulation, because that would mean dismantling the epic fraud and looting that continues to occur throughout […]

  369. […] The US Has No Banking Regulation, And It Doesn’t Want Any – The Automatic Earth. […]

  370. […] The US Has No Banking Regulation, And It Doesn’t Want Any […]

  371. […] But before we put this topic to bed, here is Raúl Ilargi Meijer explaining why “The US Has No Banking Regulation, And It Doesn’t Want Any” […]

  372. […] The US Has No Banking Regulation, And It Doesn’t Want Any […]

  373. […] Как сказал Рауль Иларджи Майер (Raúl Ilargi Meijer) на сайте Automatic Earth: […]

  374. […] Как сказал Рауль Иларджи Майер (Raúl Ilargi Meijer) на сайте Automatic Earth: […]

  375. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  376. […] (Read the rest of the story here…) […]

  377. […] From Raúl Ilargi Meijer at TAE: […]

  378. […] a global strategist at Pierpont Securities, said." Yup, and we got everybody to do just that. The US Dollar Is About To Inflict Carnage All Around The Planet – The Automatic Earth We will have deflation because there will be less money to go around. As manufacturers face lower […]

  379. […] The US Has No Banking Regulation, And It Doesn’t Want Any […]

  380. […] Automatic Earth’s Raúl Ilargi Meijer goes downright apocalyptic in his recent The US Dollar Is About To Inflict Carnage All Around The Planet, where he quotes some representative […]

  381. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  382. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  383. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  384. […] Take a look at this chart (lifted from Nicole Foss’ website) […]

  385. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  386. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  387. […] The US Dollar Is About To Inflict Carnage All Around The Planet – The Automatic Earth. […]

  388. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  389. […] The US Dollar Is About To Inflict Carnage All Around The Planet […]

  390. […] The US Dollar Is About To Inflict Carnage All Around The Planet (Th Automatic Earth, Oct 3, […]

  391. […] The US Dollar Is About To Inflict Carnage All Around The Planet!  by Raul Ilargi Meijer via The Automatic Earth blog  As I watch the euro losing another 1.3% against the dollar today, it’s now at $1.25, and down from close to $1.40 recently, it’s getting clearer all the time: the greenback is busy eating currencies and economies alive. – There is of course the fact that Abenomics in Japan is living up to its longstanding promise of utter failure. And there is Mario Draghi torn between two lovers, one the one hand the Germany/Austria camp – with France as a surprise third – who don’t want the ECB to buy up junk paper, and on the other hand those EU members whose sole road to survival inside the EU is for Draghi to buy up anything that even looks like it was once toilet paper. – But Japan and Europe have been in the economic doghouse for a long time. It wasn’t until the Fed pulled the trigger on the dollar steamroller that they started paying the real price for it. – Japan, at least as long as it chooses to cling to the growth fairy, has nowhere to turn but to something in the vein of Abenomics, i.e. huge money and credit expansion. But it’s not the money supply, no matter how it’s defined, that is the problem, it’s that people refuse to spend. And if people don’t spend, no government or central banks has a way to boost inflation. Why they should want to in the first place is another question. – Europe has the added problem of disagreement on how to escape the walls that are closing in. And the more they close in, the less comfortable the shared living space on the old continent becomes. With a bit of imagination, you can see different people, different cultures, different languages, and different economies, all forced to live in the same ever shrinking – economic -space. – There’s less of everything to go around, and no-one wants to give up what’s theirs. Still, at the same time we already saw that two-thirds of Greeks live at or below the poverty line, and that Naples is even worse than Greece. Where do you personally think that will go? With a dollar that is set to make lots of things, not the least of which is oil and gas, more expensive? – read more! […]

  392. […] Automatic Earth’s Raúl Ilargi Meijer goes downright apocalyptic in his recent The US Dollar Is About To Inflict Carnage All Around The Planet, where he quotes some representative […]

  393. […] clear, but a few suggestions come to mind, some of which I mentioned earlier this month in The Fed Has A Big Surprise Waiting For You and in What Game Is Being Played With the US […]

  394. […] Looking for another opinion? If so, please consider the Automatic Earth Commentary on MH17…. […]

  395. […] Present numbers from Fed sources being chewed on in the press are well above 1% in a year or so, from 0.25% now. Count your blessings, emerging markets. The question is: why would they do that at this point? I think a large part of the explanation is to be found in what I talked about in The Fed Has A Big Surprise Waiting For You. […]

  396. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  397. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  398. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  399. […] stocks are rising. They are rising because so much wet-ink money is being forced into the markets. The Imminent Demise Of The American Economy – The Automatic Earth Japan is like the corpse in "Weekend at Bernies II" They keep pumping in blood to […]

  400. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  401. […] Overvejelser på The Automatic Earth blog om, hvad de svage økonomiske nøgletal i Tyskland betyder… […]

  402. […] Germany’s Bad Numbers Are Great News For All Of Us Ilargi. Again, this was widely forecasted among those who weren’t selling austerity Kool-Aid, that the contraction being forced on the periphery would infect the core. […]

  403. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  404. […] The US Has No Banking Regulation, And It Doesn’t Want Any […]

  405. […] of putting millions of young Europeans into the dark hole of long-term unemployment yesterday in The Disgrace of Sacrificing a Generation, Europe’s leaders met to discuss that very theme. Only, they […]

  406. […] of putting millions of young Europeans into the dark hole of long-term unemployment yesterday in The Disgrace of Sacrificing a Generation, Europe’s leaders met to discuss that very theme. Only, they […]

  407. […] Submitted by Raul Ilargi Meijer of The Automatic Earth blog, […]

  408. […] Submitted by Raul Ilargi Meijer of The Automatic Earth blog, […]

  409. […] Submitted by Raul Ilargi Meijer of The Automatic Earth blog, […]

  410. […] Submitted by Raul Ilargi Meijer of The Automatic Earth blog, […]

  411. […] Automatic Earth’s Raúl Ilargi Meijer goes downright apocalyptic in his recent The US Dollar Is About To Inflict Carnage All Around The Planet, where he quotes some representative […]

  412. […] Submitted by Raul Ilargi Meijer of The Automatic Earth blog, […]

  413. […] Submitted by Raul Ilargi Meijer of The Automatic Earth blog, […]

  414. […] Submitted by Raul Ilargi Meijer of The Automatic Earth blog, […]

  415. […] por Raúl Ilargi Meijer de El blog de ​​la Tierra automática […]

  416. […] Submitted by Raul Ilargi Meijer of The Automatic Earth blog, […]

  417. […] Прeдстaвлeнный Рaуль Ilargi Мeйeр aвтoмaтичeскoгo зeмлю блoг, […]

  418. […] Submitted by Raul Ilargi Meijer of The Automatic Earth blog, […]

  419. […] From Raul Ilargi Meijer at The Automatic Earth: […]

  420. […] Submitted by Raul Ilargi Meijer of The Automatic Earth blog, […]

  421. […] K-Dog in the comments at TAE on Kunstler’s […]

  422. […] The shale industry runs on debt, not on energy. And as long as these companies can issue junk bonds at low rates, they will.  […]

  423. […] is a life extinction event and that is only one of hundreds of nuclear threats facing humanity.  The Automatic Earth […]

  424. […] By Raúl Ilargi Meijer of The Automatic Earth […]

  425. […] By Raúl Ilargi Meijer of The Automatic Earth […]

  426. […] By Raúl Ilargi Meijer of The Automatic Earth […]

  427. […] By Raúl Ilargi Meijer of The Automatic Earth […]

  428. […] By Raúl Ilargi Meijer of The Automatic Earth […]

  429. […] By Raúl Ilargi Meijer of The Automatic Earth […]

  430. […] By Raúl Ilargi Meijer of The Automatic Earth […]

  431. […] via How To Blow Up OPEC In 3 Easy Steps – The Automatic Earth. […]

  432. […] By Raúl Ilargi Meijer of The Automatic Earth […]

  433. […] Autor: Raúl Ilargi Meijer (wersja oryginalna) […]

  434. […] Ukraine. And if you’re interested, you can read back what I said before about those rate hikes in This Is Why The Fed Will Raise Interest Rates (Aug 29) and Why The Fed WILL Raise Rates (Sep […]

  435. […] Raúl Ilargi Meijer (wersja oryginalna) Data publikacji: 8 października 2014 Tłumaczenie: […]

  436. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  437. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  438. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  439. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  440. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  441. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  442. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  443. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  444. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  445. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  446. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  447. […] Wealth Inequality Is Not A Problem, It’s A Symptom From Raúl Ilargi Meijer of The Automatic Earth […]

  448. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  449. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  450. […] Submitted by Raul Ilragi Meijer via The Automatic Earth blog, […]

  451. […] Submitted by Raul Ilragi Meijer via The Automatic Earth blog, […]

  452. […] Submitted by Raul Ilragi Meijer via The Automatic Earth blog, […]

  453. […] From Raul Ilargi Meijer at TAE: […]

  454. […] Submitted by Raul Ilragi Meijer via The Automatic Earth blog, […]

  455. […] Submitted by Raul Ilragi Meijer via The Automatic Earth blog, […]

  456. […] Zero Hedge cross-posted a thought-provoking piece by Raúl Ilargi Meijer at The Automatic Earth: “Wealth Inequality Is Not A Problem, It’s A Symptom” today. I guess to that I might add that it is not just a symptom, but a feature. A feature of what? Well, read Meijer. […]

  457. […] Submitted by Raul Ilragi Meijer via The Automatic Earth blog, […]

  458. […] Europe’s Fatal Flaw Laid Bare For All To See. Again. (The Automatic Earth, Oct , Oct 17, […]

  459. […] Submitted by Raul Ilragi Meijer via The Automatic Earth blog, […]

  460. […] Submitted by Raul Ilragi Meijer via The Automatic Earth blog, […]

  461. […] Submitted by Raul Ilragi Meijer via The Automatic Earth blog, […]

  462. […] Recently an interesting article on why wealth seems to accumulate more and more on to a small segment of the society gave a different viewpoint to look at an old problem… the accumulation of wealth (and power). Some excerpts are below. Check the full article at theautomaticearth.com. […]

  463. […] From Raúl Ilargi Meijer of The Automatic Earth […]

  464. […] Raúl Ilargi Meijer stelt in een bijdrage waarin hij ingaat op de snel groeiende kloof tussen arm en rijk, en de bijbehorende erosie van de ‘middenklasse‘ in ons deel van de wereld, dat dit het gevolg is van snel toenemende macht die zich concentreert in de ons welbekende organisaties. Hij stuurt aan op het afbreken van die organisaties, teneinde ons te redden van de (economische) ondergang. Zoals ik eerder schreef, zie ik het probleem wel, maar heb ik geen vertrouwen in die oplossing. We naderen met rasse schreden de situatie waarin het bitter weinig uitmaakt of we dergelijke overkoepelende organisaties formeel erkennen, of niet. […]

  465. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  466. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  467. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  468. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  469. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  470. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  471. […] by Raul Ilargi Meijer via The Automatic Earth blog, […]

  472. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  473. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  474. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  475. […] Ilargi MeijerOctober 18, 2014Wealth Inequality Is Not A Problem, It’s A Symptom[Those that seem to be most concerned with inequality of wealth advocate for giving more power to […]

  476. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  477. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  478. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  479. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  480. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  481. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  482. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  483. […] See original article here […]

  484. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  485. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  486. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  487. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  488. […] Wednesday, I wrote in 40% of Eurozone Banks Are In Bad Shape about a Reuters report based on Spanish source Efe, that claimed 12 banks would fail the ongoing […]

  489. […] I wonder why in our current financial crisis, we allow nothing to enter our communications, and thoughts, but the idea of recovery and a return to growth.  […]

  490. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  491. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  492. […] Wednesday, I wrote in 40% of Eurozone Banks Are In Bad Shape about a Reuters report based on Spanish source Efe, that claimed 12 banks would fail the ongoing […]

  493. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  494. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  495. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  496. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  497. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  498. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  499. […] Wednesday, I wrote in 40% of Eurozone Banks Are In Bad Shape about a Reuters report based on Spanish source Efe, that claimed 12 banks would fail the ongoing […]

  500. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  501. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  502. […] Wednesday, I wrote in 40% of Eurozone Banks Are In Bad Shape about a Reuters report based on Spanish source Efe, that claimed 12 banks would fail the ongoing […]

  503. […] Wednesday, I wrote in 40% of Eurozone Banks Are In Bad Shape about a Reuters report based on Spanish source Efe, that claimed 12 banks would fail the ongoing […]

  504. […] Wednesday, I wrote in 40% of Eurozone Banks Are In Bad Shape about a Reuters report based on Spanish source Efe, that claimed 12 banks would fail the ongoing […]

  505. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  506. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  507. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  508. […] Source: The Last Days Of The Growth Story – The Automatic Earth […]

  509. […] Source: The Last Days Of The Growth Story – The Automatic Earth […]

  510. […] The fish in today's investment world are probably far more aware of their own identity than the fish at a real life poker table. But it doesn't matter.  […]

  511. […] Don’t Buy A Home: You’ll Get Burned Ilargi […]

  512. […] признаны проблемными, сообщает Der Spiegel. А на самом деле- 52 или 40% банков являются проблемными, как возмущенно го…Raúl Ilargi Meijer. ФРС запросто может обойтись без […]

  513. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  514. […] I said Sunday in Europe Redefines ‘Stress’, the stress tests were little more than a joke. They were designed that […]

  515. […] I said Sunday in Europe Redefines ‘Stress’, the stress tests were little more than a joke. They were designed that […]

  516. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  517. […] Life Lessons To Derive From QE And Stress Tests – The Automatic Earth. […]

  518. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  519. […] I said Sunday in Europe Redefines ‘Stress’, the stress tests were little more than a joke. They were designed that […]

  520. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  521. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  522. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  523. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  524. […] Submitted by Raúl Ilargi Meijer of The Automatic Earth […]

  525. […] Submitted by Raúl Ilargi Meijer of The Automatic Earth […]

  526. […] Submitted by Raúl Ilargi Meijer of The Automatic Earth […]

  527. […] Submitted by Raúl Ilargi Meijer of The Automatic Earth […]

  528. […] Submitted by Raúl Ilargi Meijer of The Automatic Earth […]

  529. […] Submitted by Raúl Ilargi Meijer of The Automatic Earth […]

  530. […] Submitted by Raúl Ilargi Meijer of The Automatic Earth […]

  531. […] Submitted by Raúl Ilargi Meijer of The Automatic Earth […]

  532. […] You can jot down Halloween 2014 in your calendar, and it’s unfortunately too tragic to make proper use of the irony involved, as the day Japan committed suicide. The sun is no longer rising. Not that the vital signs weren’t bad before, indeed it might not have survived regardless, but this lethal blow announced today is still quite the statement. That financial markets interpret it as a reason to cheer and party and make lots of dough is yet one more proof of how shallow and single-minded the people operating in these markets are, lacking all insight in historical context, longer term consequences, wars and politics, and the human mind. Because the ‘QE as morphine’ concept introduced today by the megalomaniac Shinzo Abe and his central bank raving mad puppets will change the world in ways that make financial gain less than even an afterthought, except perhaps for those of us who cannot see beyond today, or beyond the one single lonely dimension money is of any use in. If and when a country resorts to having it central bank buy up – the equivalent of – all sovereign bonds it issues, the snake truly eats its tail, and not in a metaphorical sense. Japan eats it children, most of them as yet unborn, to keep its rapidly ageing population contented and in relative wealth, because the alternative would cost Tokyo’s financial-political power cabal their jobs and heads. Japan’s problem is, and has been for many years, twofold: first, the Japanese people lost the spending power to keep the domestic real economy growing some 20 years ago and never got it back, and second, a whole slew of successive governments refused to restructure the debts in the financial sector, and instead put those debts on the public tally. The negative growth announced today in US consumer spending should be a warning sign, as should similar numbers that have come from across Europe for a while now, a sign that we need to think about how to run our societies and economies without everlasting growth, and without the ever more failing and ever more costly policies aimed at constructing and maintaining that growth. However, the worse the policies are for the real economy and the people who depend on it for survival, the more money the financial markets, and the banks, make. It truly is QE as morphine, and Japan has shown us today that morphine can alleviate pain, but it is also in the end the ultimate killer. It may already be too late, but we can still make the effort to not fall into the same trap Japan has fallen in. Which in essence is simply trying to recreate a past world that is long gone, by applying measures that ‘wise men’ say are sure to bring back the past, and then more. We must look at ourselves and wonder why we want more. And realize that if we don’t take that look, and we continue on our present path, we will all end up like Japan, guaranteeing that our quest for more will leave us with less, much less. We cannot build our world with credit, we need to work in order to build it. And we cannot borrow our way into growth, nor do we need to grow. Halloween 2014. A day we could have learned something. source […]

  533. […] by Raúl Ilargi Meijer of The Automatic Earth […]

  534. […] suis tombé sur un article très intéressant. Lui il dit carrément que les inégalités de richesses découlent bien plus […]

  535. […] Submitted by Raúl Ilargi Meijer of The Automatic Earth […]

  536. […] to a new interim high. Most of that gain came on Friday with the announcement of a new dose of QE, “Morphine for a Terminal Patient” as one commentator puts […]

  537. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  538. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  539. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  540. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  541. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  542. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  543. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  544. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  545. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  546. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  547. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  548. […] think I should come back to what I wrote yesterday in The Revenge Of A Government On Its People, because in my view the essence of that essay deserves far more attention than I see it get, either […]

  549. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  550. […] think I should come back to what I wrote yesterday in The Revenge Of A Government On Its People, because in my view the essence of that essay deserves far more attention than I see it get, either […]

  551. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  552. […] think I should come back to what I wrote yesterday in The Revenge Of A Government On Its People, because in my view the essence of that essay deserves far more attention than I see it get, either […]

  553. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  554. […] think I should come back to what I wrote yesterday in The Revenge Of A Government On Its People, because in my view the essence of that essay deserves far more attention than I see it get, either […]

  555. […] think I should come back to what I wrote yesterday in The Revenge Of A Government On Its People, because in my view the essence of that essay deserves far more attention than I see it get, either […]

  556. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  557. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  558. […] think I should come back to what I wrote yesterday in The Revenge Of A Government On Its People, because in my view the essence of that essay deserves far more attention than I see it get, either […]

  559. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  560. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  561. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  562. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  563. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  564. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  565. […] I was writing The Broken Model Of The Eurozone yesterday, I already knew there would have to be a sequel, because doing everything in one go would […]

  566. […] The Broken Model Of The Eurozone (The Automatic Earth, Nov 8, […]

  567. […] A World Run On Broken Models: The Automatic Earth’s sequel to The Broken Model Of The Eurozone. […]

  568. […] By Raúl Ilargi Meijer, editor-in-chief of The Automatic Earth. Originally published at Automatic Earth […]

  569. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  570. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  571. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  572. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  573. […] And Then There’s The Things You Couldn’t Even Make Up – The Automatic Earth. […]

  574. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  575. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  576. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  577. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  578. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  579. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  580. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  581. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  582. […] originale non è di “Zerohedge” ma di “The Automatic Earth” e, ovviamente, in alcune sue parti non è – per chi scrive – condivisibile. Inoltre […]

  583. […] Oljan har varit nere under $81/bbl idag och dollarn är inte märkligt stark med 7,40 kr/$. Vad är det med det då? Inte vet jag, annat än att oljan inte stiger och ekonomin (för alla utom de som kommit i åtnjutande av finanssystemsräddningsaktioner) fortsätter att vara kass. Efterfrågan stiger inte trots det låga priset vilket betyder låg produktion eftersom folk inte köper grejer som vanligt. Jag får bara en lite obehaglig känsla av hela situationen. Undrar hur hårt det sliter på oljeindustrin, men det är klart, de får ju pengar gratis av oss för att fortsätta. […]

  584. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  585. […] The Most Destructive Generation Ever – The Automatic Earth. […]

  586. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  587. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  588. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  589. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  590. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  591. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  592. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  593. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  594. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  595. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  596. […] Imminently Automatic Earth and Raul Ilargi with today’s post on Beppe Grillo – in a way I’m most immediately moved to make up World Tango Party by the internet […]

  597. […] Ilargi Meijer at The Automatic Earth has a new post that reprises a post on Beppe Grillo and I’ll use that as a spring board to […]

  598. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  599. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  600. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  601. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  602. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  603. […] Debt, Propaganda And Now Deflation (The Automatic Earth, Nov 14, […]

  604. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  605. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  606. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  607. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  608. […] Dumb and Dumber To, the sequel after 20 years, was released recently. Unfortunately for Jim and Jeff and the Farrelly brothers, unintended humor will always be funnier than the scripted kind, no matter how hard Hollywood tries. Case in point: the Dumber slapstick was easily upstaged over the past few days by the G20 summit in Brisbane. Not only did the pedantic Anglo-Saxon power hungry freak show of Harper, Cameron and Abbott (nobody even noticed Obama) give Vladimir V. Putin a good laugh with their empty chest thumping, entirely spin doctor scripted and entirely aimed at their domestic media and audiences, these so-called leaders also came up with no less than 800(!) measures they claim will boost global economic growth by 2.1%, or $2 trillion. Over 5 years, or some useless and opaque number like that (2018?). It would seem to be painfully obvious that what the world needs really urgently badly today is not so much economic growth, but growth in the dendrites, synapses and neurons in the heads of both our leaders and of those who put them where they are, ourselves. No use holding your breath. As things are, none of us are any smarter than either Dumb or Dumber. As Brussels and the leaders of the allegedly healthy economies in the North sacrifice southern Europe on the altar of their megalomania, the G20 does the same with emerging economies and the even poorer rest of the world. The formerly rich part of the world has gotten stuck in its own dreams and faulty models, and the only place left to eke out any semblance of growth is weaker nations. The Roman empire revisited. If the G20 nations could have ‘grown’ growth at a 2.1% clip with the sort of ease with which their reports were issued this weekend, they would have done so already, all along, long ago. The fact that they haven’t, it doesn’t get any simpler, implies that they can’t this time either. It’s all hot air, and perhaps that’s too positive still, make that tepid. Still, when the Anglo-Saxon dipshits are together they have the guts to make such claims, just as when they’re together they have the guts to ‘shirtfront’ Putin. Canada’s Harper reportedly shook hands with Putin and told him to get out of Ukraine. Nobody present wanted to quote the reaction he got, but I’m thinking a simple ‘You first’ is a distinct possibility. None of these guys have anything on Putin, and they all know it. So does he. Meanwhile, their home media have cooked up the Putin is Bad story to such heights that they can’t be seen as doing nothing, even if proof for any of the allegations concerning what Russia is supposed to be guilty of is still sorely lacking. The Anglo-Saxons need enemies to make their stories stick, so the ‘he probably shot down that plane’ line is awfully helpful. And that dumber-ass approach is the same one they use for their economic, what shall we call it, ‘policies’(?), it’s the exact same thing. It’s the surface that counts, not what’s underneath it. It’s the storyline, not the veracity of it. Who in the west still doubts that Putin is a bad man? Very few. Though he hasn’t done anything for which the west has provided any proof. It’s a tale in the spirit of Little Red Riding Hood, and just as credible. The 2.1% growth story doesn’t even attain that level of credulity, because it’s made up out of nothing at all. It would sound cute to say that the nonsense that emanated from the G20 summit is unrivaled, but it’s not. These boyos rival their own emptiness at every single occasion they get. All they do is make sure that their access to the public (our) coffers is used to garner profit for their paymasters, at the cost of the taxpayer (again, us). That’s both their mission and their MO. And we all know that once you’ve been PM or FM and you served your superiors well, your life will be comfortable ever after. That said, there is no vision, there is nothing. There’s a desire to amass power, and then to hold on to it and serve the bankrupt system, but none of it has anything to do with the people these guys and dolls are supposed to represent. And it can only lead to things like what the London School of Economics claims in a new report: How The UK Coalition Has Helped The Rich By Hitting The Poor A landmark study of the coalition’s tax and welfare policies six months before the general election reveals how money has been transferred from the poorest to the better off, apparently refuting the chancellor of the exchequer’s claims that the country has been “all in it together”. According to independent research to be published on Monday and seen by the Observer, George Osborne has been engaged in a significant transfer of income from the least well-off half of the population to the more affluent in the past four years. read more […]

  609. […] Next we turn to The Automatic Earth blog and their post titled, The World Is Run By Fools, And We Let Them. […]

  610. […] via Debt Rattle November 17 2014 – The Automatic Earth. […]

  611. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  612. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  613. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  614. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  615. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  616. […] by Raul Ilargi Meijer via The Automatic Earth blog, […]

  617. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  618. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  619. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  620. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  621. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  622. […] Courtesy of Raul Ilargi Meijer @ The Automatic Earth blog: […]

  623. […] Si les pays du G20 étaient capables de faire croître la croissance de 2,1% avec a même facilité avec laquelle ils ont émis leurs rapports ce weekend, ils l’auraient déjà fait il y a bien longtemps. Le fait que cela ne se soit pas produit signifie simplement qu’ils ne pourront pas le faire cette fois-ci non plus », écrit Raúl Ilargi Meijer du blog The Automatic Earth. […]

  624. […] by Raúl Ilargi Meijer The Automatic Earth […]

  625. […] But Raul Ilargi Meijer has a different perspective on Hendry’s change of tack… […]

  626. […] But Raul Ilargi Meijer has a different perspective on Hendry’s change of tack… […]

  627. […] But Raul Ilargi Meijer has a different perspective on Hendry’s change of tack… […]

  628. […] But Raul Ilargi Meijer has a different perspective on Hendry’s change of tack… […]

  629. […] ultime contre les inégalités, parce qu’il redistribue. Mais en est-on bien sûr ? Cet article suggère que les inégalités de pouvoir précèdent les inégalités de richesses. C’est à […]

  630. […] That is, it’s the same as in Japan. And doing the same can only lead to the same results. A poorer population, a richer toplayer and an economy that continues to shrink, which will and must lead to the same deflationary trend. The idea that an economy can be rescued by pushing public funds into its finance system and stock markets has been forever thrown out by Japan’s experiences.  […]

  631. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  632. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  633. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  634. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  635. […] stay. ZIRP drove tons of speculative money into Shale / fracking. Fracking is operating at a loss. Who's Ready For $30 Oil? – The Automatic Earth What happens to the $ billions of junk bonds when fracking comes to a stop? Many of the oil […]

  636. […] The original idea behind a central bank is that medium and longer term monetary policy should not be allowed to be held hostage by a short-term prevailing political wind, that an incumbent politician and his/her party should not be permitted and/or enabled to manipulate a nation’s currency for political gain. A central bank was (and still is officially) supposed to be independent of politics, to be a buffer between a society’s long term interests and a politician’s short-term ones. In particular, no-one should issue huge amounts of money to make it look like they were just awesome leaders that make everyone rich, while sinking the future of a society in the process. I know, I know, there are tons of other ways to explain the drive to found central banks, just google Jekyll Island, but the issue of economic stability vs fleeting political flavors is certainly a big one. So. Have we come a long way or what’s the story? Today’s central banks do nothing BUT engage in short term policies that keep incumbents as happy as they can be in bad economic circumstances. Central banks have become political instruments that pamper to the tastes of whoever may be in charge on any given day, which is the exact 180º opposite of why they exist in the first place. And because they’ve gotten so far removed from what they’re supposed to be doing, central bankers start to realize they’ve ended up in completely unfamiliar and uncharted territory. And now they are, like anyone would be in that kind of position, scared. Sh*tless. And as we’ve all learned from kindergarten on is that fear is a bad counselor. They may have risen to positions of oracles and household names (also entirely contrary to their original job descriptions), and they may have fallen for the flattery that comes with all that, but deep down they know full well they’re way out of their leagues. The best they can come up with is trying to bluff their way out of their conundrums. Because it’s not as if they don’t understand that doing exactly what they were intended not to do, i.e. flood markets with cheap money not based on any underlying real values, or work performed, will of necessity at some point blow up in their faces. They just hope and pray it will take long enough for them to be somewhere else, enjoying a Banana Daiquiri when that mushroom appears on the horizon. Central bankers have been reduced to political toys, and they – at least at times – realize that’s not a good position to be in. If only because it makes them redundant. If they only simply do what politicians want anyway, we might as well just let those politicians set monetary policy by themselves. That puts central bankers in a situation in which they are being set up as patsies, to catch all the bad rap if and when things get even worse then they already are. And they will. Moreover, obviously it’s not the politicians that decide, but the people who finance their campaigns (they do need long term policies), and once you realize that, you really need to wonder what kind of court jesters Bernanke, Yellen, Draghi and Kuroda have become. Now that we’ve come to naming names, look at them: Draghi today did another press-op in which he blubbered about what he’ll do about inflation, and fast. But there’s nothing blooper Mario can do to make people in Europe spend their money any faster, if only because they don’t have any money. And his banking overlords won’t let him hand out money to the people even if he would want to (dubious for a Goldmanman), so boosting that consumer spending is never ever going to work. All Mario gets to do is spread the alarm, and then catch the fall. But you know, you’re thinking, doesn’t he know hat’s going on, and he may well know very well. In the end that’s just a sad story, and because of the role he plays he deserves to never again have a single night of solid sleep. His role is just too ambiguous. And most of all, it hurts too many innocent people. The Fed has Janet Yellen, who’s trying to contortion her way into explaining that the US economy is doing so well she just must raise interest rates, which is so far off reality it’s not funny, but it’s the going story, because her paymasters on Wall Street need or want more profits, and they’ve gotten all they could out of the zero % policies now that every mom and pop is on the same side of the trade as they are. All I can think when I see her pop up again is why would anyone, let alone Janet herself, want to be in her position? Where’s the satisfaction? Why not go live somewhere out on Martha’s Vineyard and let others do the damage? What drives these clowns? The Bank of Japan’s Haruhiko Kuroda is perhaps the most overt and obvious political tool of them all, who does only what PM Shinzo Abe tells him to, and drives his country into a deep dark stinking swamp while he’s at it. Kuroda doesn’t even know how to spell ‘independent central banker’. And talking about bad counselors, Bloomberg reports on a meeting Abe had with Paul Krugman, who won that Fake Nobel a few years back for the same single two words he undoubtedly told Abe: Spend and More. If any country today could benefit from having a truly independent central bank it’s Japan, But of course, the Bank of Japan is, if anything, even less independent than the rest of them. What drives central bankers in November 2014 is fear, pure and simple, if not absolute screaming panic. Together, they’ve literally spent untold trillions of dollars, and what is the result? People everywhere across the planet slow down their spending more and more. And that means deflation. Which is what they’re all supposed to be so afraid of. But which they also all know cannot be averted. And then this morning we see that the Chinese central bank People’s Bank of China, PBOC, has lowered its interest rate targets. The PBOC chairman’s name is Zhou Xiaochuan, and there’s of course plenty reason why nobody knows that name. That is, nobody even expects the PBOC to be independent from the rulers. Which is somewhat curious, because the role Zhou plays is no different at all from that of Yellen, Draghi and Kuroda. The only difference is the pretense that the latter are not political toys and instruments and kow-towing fools. Why does Zhou lower interest rates? Because he’s scared. Well, he and his forbidden city masters. China’s economy is falling so much so fast that they see the historically by far biggest ever debt-driven economic model implode on their watch. Xi and Li and Zhou fear the wave that’s coming for them, and given the size of the Chinese economy, no matter how fake and debt-based it is, we should all share their angst. Japan is dead, a zombie with lipstick, and still the world’s no. 3 economy. One more reason for all of us to be afraid. Add in Draghi whose only resort is to find different ways of saying the same thing he will never ever be able to do, to buy everything in Europe that’s not bolted down and then buy the bolts too, and you have am entire world that should be scared straight out of their undies. Which makes Janet Yellen’s task of defending the upcoming rate hikes all the more amusing. Yeah, sure, the US economy is doing great. Sure, grandma. Look, we all know your place in history will be that of someone who was either too complicit or too stupid while the walls were crumbling. And we all know today that you’re scared to even open your mail in the morning. Because we all know as well as you do that the picture of the US economy that you paint is a virtual reality. The only question is, do you yourself actually live in it? source […]

  637. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  638. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  639. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  640. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  641. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  642. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  643. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  644. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  645. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  646. […] 2014 * Retired Head of FBI Exposes the Illuminati, Satanism, Pedophile Rings Across America  * Who’s Ready For $30 Oil?  * The Red Cross Scam  * Revelations.Of.A.Mother.Goddess. (The Truth About The Royals) – […]

  647. […] The Automatic Earth blog, by Raul Ilargi […]

  648. […] And lastly, thanks to The Automatic Earth’s Raul Ilargi Meijer, here is an additional comment that warrants attention this week… […]

  649. […] And lastly, thanks to The Automatic Earth’s Raul Ilargi Meijer, here is an additional comment that warrants attention this week… […]

  650. […] And lastly, thanks to The Automatic Earth’s Raul Ilargi Meijer, here is an additional comment that warrants attention this week… […]

  651. […] And lastly, thanks to The Automatic Earth’s Raul Ilargi Meijer, here is an additional comment that warrants attention this week… […]

  652. […] And lastly, thanks to The Automatic Earth's Raul Ilargi Meijer, here is an additional comment that warrants attention this week… […]

  653. […] And lastly, thanks to The Automatic Earth's Raul Ilargi Meijer, here is an additional comment that warrants attention this week… […]

  654. […] And lastly, thanks to The Automatic Earth’s Raul Ilargi Meijer, here is an additional comment that warrants attention this week… […]

  655. […] And lastly, thanks to The Automatic Earth's Raul Ilargi Meijer, here is an additional comment that warrants attention this week… […]

  656. […] Stuck In Reverse And Descending Into Trauma – The Automatic Earth […]

  657. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  658. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  659. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  660. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  661. […] Submitted by Raul Ilargi Meijer via The Automatic Earth blog, […]

  662. […] What Blows Up First? Part 5: Shale Oil Junk Bonds The Price Of Oil Exposes The True State Of The Economy – The Automatic Earth Mish's Global Economic Trend Analysis: Crude Plunges Following OPEC Decision to Not Cut Production […]

  663. […] Submitted by Raul Ilargi Meijer via The Automatice Earth blog, […]

  664. […] The Price Of Oil Exposes The True State Of The Economy – The Automatic Earth. […]

  665. […] Ilargi Meijer, The Automatic Earth, Released on […]

  666. […] Submitted by Raul Ilargi Meijer via The Automatice Earth blog, […]

  667. […] Submitted by Raul Ilargi Meijer via The Automatice Earth blog, […]

  668. […] Submitted by Raul Ilargi Meijer via The Automatice Earth blog, […]

  669. […] Submitted by Raul Ilargi Meijer via The Automatice Earth blog, […]

  670. […] This is a must-read commentary posted The Automatic Earth Blog:  The True State Of The Economy. […]

  671. […] The Price Of Oil Exposes The True State Of The Economy (The Automatic […]

  672. […] oil prices are good for the economy is a mistake. They instead, as I said only yesterday in The Price Of Oil Exposes The True State Of The Economy, point out how bad the global economy is doing. QE has been able to inflate stock prices way beyond […]

  673. […] by Raul Ilargi Meijer via The Automatice Earth blog, […]

  674. […] to Iran and to Russia for the Syria problem and has another bonus of tanking the shale gale. The Price Of Oil Exposes The True State Of The Economy – The Automatic Earth KKR, which led the acquisition of oil and gas producer Samson for $7.2 billion in 2011 and has […]

  675. […] OPEC Presents: Q4 and Deflation Ilargi […]

  676. […] Submitted by  Raúl Ilargi Meijer of Automatic Earth […]

  677. […] Submitted by Raúl Ilargi Meijer of Automatic Earth […]

  678. […] oil prices are good for the economy is a mistake. They instead, as I said only yesterday in The Price Of Oil Exposes The True State Of The Economy point out how bad the global economy is doing. QE has been able to inflate stock prices way beyond […]

  679. […] Submitted by Raúl Ilargi Meijer of Automatic Earth […]

  680. […] Submitted by  Raúl Ilargi Meijer of Automatic Earth […]

  681. […] Submitted by  Raúl Ilargi Meijer of Automatic Earth […]

  682. […] Submitted by  Raúl Ilargi Meijer of Automatic Earth […]

  683. […] oil prices are good for the economy is a mistake. They instead, as I said only yesterday in The Price Of Oil Exposes The True State Of The Economy point out how bad the global economy is doing. QE has been able to inflate stock prices way beyond […]

  684. […] Submitted by  Raúl Ilargi Meijer of Automatic Earth […]

  685. […] The Price Of Oil Exposes The True State Of The Economy […]

  686. […] (adsbygoogle = window.adsbygoogle || []).push({}); One last post on Deflation and I will leave you alone to enjoy your weekend. TLT is the place to be… Here is a tidbit followed by the link. Spreading Deflation Across East Asia Threatens Fresh Debt Crisis Deflation is becoming lodged in all the economic strongholds of East Asia. It is happening faster and going deeper than almost anybody expected just months ago, and is likely to find its way to Europe through currency warfare in short order. Factory gate prices are falling in China, Korea, Thailand, the Philippines, Taiwan and Singapore. Some 82% of the items in the producer price basket are deflating in China. The figures is 90% in Thailand, and 97% in Singapore. These include machinery, telecommunications, and electrical equipment, as well as commodities. Debt, Propaganda And Now Deflation – The Automatic Earth […]

  687. […] by  Raúl Ilargi Meijer of Automatic Earth […]

  688. […] Submitted by  Raúl Ilargi Meijer of Automatic Earth […]

  689. […] a stimulus from the low prices, something I’ve already talked about over the past few days in The Price Of Oil Exposes The True State Of The Economy and OPEC Presents: QE4 and Deflation. And I’ve also already said that I don’t think that is […]

  690. […] talked about over the past few days in The Price Of Oil Exposes The True State Of The Economy and OPEC Presents: QE4 and Deflation. And I’ve also already said that I don’t think that is true, and I don’t see this ending […]

  691. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  692. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  693. […] talked about over the past few days in The Price Of Oil Exposes The True State Of The Economy and OPEC Presents: QE4 and Deflation. And I’ve also already said that I don’t think that is true, and I don’t see this […]

  694. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  695. […] a stimulus from the low prices, something I’ve already talked about over the past few days in The Price Of Oil Exposes The True State Of The Economy and OPEC Presents: QE4 and Deflation. And I’ve also already said that I don’t think that is […]

  696. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  697. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  698. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  699. […] Submitted by Raul Ilargi Meijer via The Automatic Earth, […]

  700. […] a stimulus from the low prices, something I’ve already talked about over the past few days in The Price Of Oil Exposes The True State Of The Economy and OPEC Presents: QE4