FOURTH TURNING: CRISIS OF TRUST – PART 3

139 comments

Posted on 27th September 2015 by Administrator in Economy |Politics |Social Issues

, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

In Part 1 of this article I discussed the catalyst spark which ignited this Fourth Turning and the seemingly delayed regeneracy. In Part 2 I pondered possible Grey Champion prophet generation leaders who could arise during the regeneracy. In Part 3 I will focus on the economic channel of distress which is likely to be the primary driving force in the next phase of this Crisis.

There are very few people left on this earth who lived through the last Fourth Turning (1929 – 1946). The passing of older generations is a key component in the recurring cycles which propel the world through the seemingly chaotic episodes that paint portraits on the canvas of history. The current alignment of generations is driving this Crisis and will continue to give impetus to the future direction of this Fourth Turning. The alignment during a Fourth Turning is always the same: Old Artists (Silent) die, Prophets (Boomers) enter elderhood, Nomads (Gen X) enter midlife, Heroes (Millennials) enter young adulthood—and a new generation of child Artists (Gen Y) is born. This is an era in which America’s institutional life is torn down and rebuilt from the ground up—always in response to a perceived threat to the nation’s very survival.

For those who understand the theory, there is the potential for impatience and anticipating dire circumstances before the mood of the country turns in response to the 2nd or 3rd perilous incident after the initial catalyst. Neil Howe anticipates the climax of this Crisis arriving in the 2022 to 2025 time frame, with the final resolution happening between 2026 and 2029. Any acceleration in these time frames would likely be catastrophic, bloody, and possibly tragic for mankind. As presented by Strauss and Howe, this Crisis will continue to be driven by the core elements of debt, civic decay, and global disorder, with the volcanic eruption traveling along channels of distress and aggravating problems ignored, neglected, or denied for the last thirty years. Let’s examine the channels of distress which will surely sway the direction of this Crisis.

Channels of Distress

“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability –  problem areas where America will have neglected, denied, or delayed needed action.” – The Fourth Turning – Strauss & Howe

Economic distress

Despite incessant corporate fascist propaganda, disguised as positive government economic data, the economic distress for the majority of Americans and majority of the world is soul crushing. The nine charts in the visual below demolish any happy talk about a recovering economy and return to normalcy. They portray a crisis level economic condition. The financial stress on average American families is at punishing levels, masked by the prodigious amount of debt doled out by the government and their Wall Street co-conspirators.

Millennials are buried under $1.3 trillion of student loan debt, with $500 billion of it doled out by the Federal government since 2009 as a ploy to reduce the reported unemployment rate and artificially stimulate spending, to provide the appearance of economic recovery. The falsity of the supposed recovery is borne out in a labor participation rate that is the lowest since 1977, with participation amongst 25 to 54 year olds the lowest in history. With real median household incomes stuck at 1989 levels and far below 2007 peak levels, the stress on middle class families to just pay their monthly bills is intense.

The 2008 Wall Street created fraudulent subprime mortgage debacle which led to millions of foreclosures, non-existent wage growth, young families enslaved in student loan debt, and the Wall Street hedge fund engineered 30% increase in home prices, has resulted in home ownership falling to historic lows and still falling. This is the result of ownership policies, programs and schemes pushed by Democrat and Republican politicians and executed by greedy Wall Street institutions, generating hundreds of billions in fees, interest and profits.

Clearly there is no distress among the .1%, as they summer at their Hamptons beach estates gorging on caviar and toasting their financial brilliance (free Fed money) with $1,000 bottles of Dom Perignone, and bid NYC penthouse real estate prices to astronomical levels. But, as the government apparatchiks at the BLS, BEA, and Census Bureau have reported positive economic data month after month since 2009, the number of people on food stamps has grown from 34 million to 46 million over this same time frame. As the middle class and poor have gotten poorer, the .1% and particularly the .01% have accelerated their capture of the national wealth.

The distress of the lower classes is self-evident and confirmed by a poverty rate of 14.8%, up from 12.5% in 2007, while the middle class has borne the brunt of an Obamacare plan written by paid lobbyists for the health insurance industry, Big Pharma, and hospital corporations. The promised $2,500 per family savings have not materialized, as health insurance premiums have increased by double digits for the last five years and small businesses have stopped covering employees. In reality, since 2008, average family premiums have climbed a total of $4,865. Even the few million Americans added to the health insurance roles are stuck with limited choices and deductibles of $5,000. More people were kicked out of existing employer healthcare plans than were newly added.

The two charts which reveal the true level of economic distress are the Federal Debt and Money Printing charts. We’ve accumulated more debt as a nation in the last seven years ($8 trillion) than we did in the first 219 years of this once proud Republic. We continue to add $1.6 billion per day to our $18.3 trillion national debt. This doesn’t even take into consideration the $200 trillion of unfunded liabilities being left to future generations.

The Fed has printed $3.5 trillion out of thin air in the last six years while keeping interest rates anchored at 0% for their Wall Street owners, with the net impact of punishing senior citizens and other risk averse savers while further enriching their gambling casino owners who dictate the monetary policy for the world. As widowed grandmothers across the land have seen their life sustaining interest income evaporate, even the downwardly manipulated CPI has risen 14% since 2008. Using a real inflation measure, most Americans have seen their daily living expenses rise by more than 30% since 2008, but Yellen and her cronies yammer about deflationary fears.

Economic distress intensifies by the day for average American household as their real income has been falling for 15 years, while the cost of food, energy, healthcare, education, rent, housing, and vehicles have soared. Government imposed property taxes, sales taxes, income taxes, fees, and tolls have risen exponentially over this time frame as the parasite sucks the host dry. Millions of households have been lured into debt by the Wall Street debt machine and their corporate media mouthpieces as consumer debt has grown from $1.5 trillion to $3.4 trillion since 2000, and mortgage debt has grown from $6.5 trillion to $13.5 trillion.

The extreme distress felt by households has been caused by their foolish choice to try and maintain their lifestyles by replacing declining income with debt. They are now enslaved by the chains of $1.3 trillion in student loan debt, $1.1 trillion of auto loan debt, $1 trillion of credit card debt, and $13.5 trillion of mortgage loan debt. Has keeping up with the Joneses been worth it? The stress of meeting the monthly obligations with declining income has become unbearable for many.

income4

The continued decline in real household income reveals the falsity of the unemployment propaganda disguised as legitimate data. The decline in unemployment from 10% in 2009 to 5.1% today is a complete and utter lie. Since 2008 there are 4 million more Americans employed, while 15 million working age Americans have supposedly left the workforce, but the government expects us to believe the unemployment rate is lower today than it was in 2008. Using a consistent labor force participation rate of 66% (where it stayed from 2003 through 2008), the unemployment rate would be over 10%. Using the BLS methodology used prior to 1994, real unemployment exceeds 20%. Those figures support the declining household income story.

Everyone has heard the president boast about the 10 million jobs added since 2009. The politicians like to talk about quantity, but aren’t so keen on discussing quality. The chart below provides the facts regarding jobs added since the recession lows. The top four categories pay less than $10 per hour. This so called economic recovery is being driven by low paying, no benefits, services jobs. These facts also support the declining household income state of affairs.

With a true unemployment rate above 10% and most new jobs paying $10 an hour, it is understandable to an awake, non-delusional citizen why retail sales remain pathetic and national retailers have stopped expanding and begun closing outlets. This is just what the corporate fascist Deep State wants. They want the proletariat, reliant upon debt to sustain their materialistic driven lifestyles and the lower class peasants dependent upon the scraps handed to them by a government, reliant on central bankers to keep the house of cards from collapsing.

largest-sectors1

The American economy has been gutted. The financialization of our economy began around 1980 and accelerated after the passage of NAFTA in 1994 and the repeal of Glass Steagall in 1999. There has been a giant sucking sound of manufacturing jobs leaving the U.S., replaced by purveyors of paper, derivatives gamblers, and high frequency traders on Wall Street. Producing goods has been replaced by scamming muppets and peddling debt to the masses so they can consume.

We’ve been eating our seed corn for the last 35 years and there is nothing left to sow. We allowed American jobs and production to be replaced by cheap foreign labor and cheap foreign produced products, financed by consumer debt. We allowed mega-corporations and Wall Street banks to capture the economic system, financial markets, judicial, legislative, and executive branches, along with the mainstream media, thereby subjugating the best interests of the country to maximizing profits for the .1%.

fire employement manufacturing

The distress of the working middle class has been growing since the early 1970s after Nixon closed the gold window and allowed central bankers and politicians the freedom to print fiat and make unfunded promises to voters. From the end of World War II until 1971 the working class reaped the income gains as their standard of living steadily increased. Since 1971 the income growth of the working class has declined, while the income growth of the top 1% has soared. This was mainly driven by the .1% in the financial class who produced nothing but misery for the bottom 90%.

Unbridled greed and an unquenchable thirst for more and more are the hallmarks of the sociopathic oligarchs who are like blood sucking leeches on the dying carcass of a once great nation. Once the dollar was no longer backed by gold, the ultimate death of the American empire became a forgone conclusion. The weight of lies is wearing on the oligarchs. The Federal Reserve Chairwoman physically falters while spreading monetary falsehoods and the speaker of the house suddenly resigns as he knows the end is drawing near.

gold%20standard%20inequality_0.jpg

Every “solution” the ruling class has implemented since Wall Street blew up the global financial system in 2008 has been sold to the public as beneficial to the people on Main Street. It has slowly dawned on the inhabitants of Main Street that Bernanke, Yellen, Paulson, Geithner, Dodd, Frank, Obama and all D.C. politicians have screwed them. As Main Street’s distress has accelerated, the wealth of anyone associated with Wall Street has soared to obscene levels.

This distress is revealing itself in the poll numbers of Donald Trump and Bernie Sanders. The flaunting of their immense wealth, political influence, and smug superiority has angered a vast swath of the citizenry. The economic distress perpetrated upon the people by the moneyed interests will be the driving force behind the next phase of this Fourth Turning. The current state of affairs has been seen before, during the previous Fourth Turning about 80 years ago.

“It has always seemed strange to me…The things we admire in men, kindness and generosity, openness, honesty, understanding and feeling, are the concomitants of failure in our system. And those traits we detest, sharpness, greed, acquisitiveness, meanness, egotism and self-interest, are the traits of success. And while men admire the quality of the first they love the produce of the second.” – John Steinbeck – Cannery Row     

The solution is not to let politicians redistribute the wealth from the rich to the poor. Crony capitalism must be replaced by true free market capitalism, practiced with integrity, fairness, principled conduct, intelligence, and high moral standards. Profits generated by corporations are not evil, but seeking profits at any cost to society is reckless, shortsighted and immoral. Capitalism without capital is destined for failure. When corporate CEOs, Wall Street bankers, and shady billionaires exercise undue influence over the financial, political and judicial systems, their short-term quarterly profit mindset and voracious appetite for riches override the best interests of the people and create a sick, warped, repressive society. Today our system is in the grasp of psychopaths whose hubris and myopic focus on enriching themselves will ultimately be their downfall.

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150920_main.jpg

“This financial system is sick, and is unfortunately and at an increasing pace approaching terminal. I think the problem is due to a simple failure or ‘lack of character.’  It is an old story, and a perennial favorite of the madness of the dark powers of this world. Character provides stability and confidence. When character fails, there is uncertainty and fear. This passive-aggressive posture towards equities in general and risk in particular is because of the lack of reform to create a sustainable, stable recovery fueled by organic demand for growth based across a broader participation amongst the consumers. You cannot have it both ways.  You cannot subject the great part of a people to fear, repression, and enforced deprivation on one hand, and expect them to flourish and consume freely on the other.” Jesse

In Part 4 I will assess the other channels of distress (social, cultural, technological, ecological, political, military) that are likely to burst forth with the molten ingredients of this Fourth Turning, and potential climaxes to this Winter of our discontent.

139 Comments
  1. Old Buck says:

    A might fine piece of writing .Thanks

     

    27th September 2015 at 8:43 pm

  2. Backtable says:

    100157983117

    Excellent post, Jim.

     

    27th September 2015 at 9:01 pm

  3. bb says:

    I got home today and in my mailbox were tax statements from North Carolina and the IRS totaling over 6000 dollars they said I now owe them.This shit just never ends. I’m so sick and tired of paying taxes. I just want to quit. Go into the mountains but I can’t. I wish there was a state , providence or part of the nation I could go to get away from the IRS.

    As always good job Admin. Good to hear real truth in this culture of lies.

     

    27th September 2015 at 9:03 pm

  4. starfcker says:

    Key sentence, “the extreme distress felt by households has been caused by their foolish choice to try to maintain their lifestyles by replacing declining income with debt.” Ouch. That one’s gonna hurt. This is a great series. Very dense, information packed, going to have to reread it a few times to comment intelligently.

     

    27th September 2015 at 9:15 pm

  5. Stucky says:

    I can sum my distress thusly;

    —- every government agency and government employee lies
    —- the media lies, and is nothing more than a government/corporate lapdog
    —- Big Biz lies about everything
    —- there are laws for them, and laws for us.
    —- we live in a Police State that protects the above

    Now excuse me while I drown myself in some Petron.

     

    27th September 2015 at 9:21 pm

  6. Maggie says:

    dammit… I hadda give bb a thumbs u on the “big” computer on this one. A damn good piece of research turned into writing. You are the boss.

     

    27th September 2015 at 11:25 pm

  7. Westcoaster says:

    Admin, you’re putting the truth out there in your own unique factual and blunt style and I for one thank you. But at the same time I hope you have protection, as I recall this guy named Michael Hastings…….

     

    28th September 2015 at 12:37 am

  8. Card802 says:

    You know, trolls always die first in a 4th turning.

    Geat series Admin, no, amazing series.

     

    28th September 2015 at 5:27 am

  9. Llpoh says:

    Wow. Another anonymous stream of (un)consciousness.

     

    28th September 2015 at 5:42 am

  10. starfcker says:

    I’d bet the house that’s finnegan. All that’s missing is the demands for name, rsnk and serisl number

     

    28th September 2015 at 6:03 am

  11. starfcker says:

    And it’s gone!

     

    28th September 2015 at 6:05 am

  12. Administrator says:

    That was the sheep f*cker David Pierre. Terminated.

    That exact comment will be copy and pasted by the retarded banjo player onto Zero Hedge when they post my article later.

    David Pierre is sitting in his basement jerking off to videos of the twin towers falling and saying PULL IT over and over again.

    His mental defectiveness stems from the yellow stains on his panties when he ran away from the U.S. to avoid his duty during the Vietnam War.

    He lives in a cabin deep in the woods of British Columbia plotting his revenge on the US.

     

    28th September 2015 at 6:15 am

  13. hardscrabble farmer says:

    When I wake up in the dark and come downstairs to make my coffee and catch up on my reading before it’s time to do chores, nothing gives me the sobering, eye opening excitement like on of your pieces hot off the press. Reading your essays is like watching a good butcher dismember a carcass- the precision, dexterity and ease with which you disassemble the protean mass that is our civilization is simply awe inspiring. The terminology- “eating our seed corn”- the illustrations- those 9 charts, the obvious cues hidden in plain sight, like Yellen’s behavior and Boehner’s resignation, all fit together in a tableau, like a completed puzzle.

    Not sure how you’re able to do it over and over without ever once sounding repetitious or scolding.

    At once trenchant and disturbing.

     

    28th September 2015 at 6:24 am

  14. albert says:

    Speaking of Goldman Sachs and income inequality, back in April 2015, Hank Paulson and Robert Rubin sat down with Sheryl Sandberg and Tim Geithner at an event hosted by Michael Milken (no less), to discuss a variety of topics. Around a half hour into the discussion, Sandberg asks Paulson about income inequality. Here’s what happens next:
    Sandberg: “Yeah, so let’s follow up on a bunch of the things we were [talking about]. Let’s start with income inequality.”
    Paulson: “Ok, well.. income inequality. I think this is something we’ve all thought about. You know I was working on that topic when I was still at Goldman Sachs..”
    Rubin: “In which direction? You were working on increasing it.”
    Paulson then bursts out laughing: “Yeah! We were making it wider!”

    http://www.instantcheckmate.com

    “There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.” – Warren Buffet, NY Times 11/26/2006

    https://www.youtube.com/watch?v=uZcPtI7McjY

    DAVOS ………… the Billionaire’s UNION MEETING …………………. while the “Freedom to Work” JUDAS ISCARIOTS have been undermining the Worker’s organizations,the BILLIONAIRES have become ever MORE organized. From the Council on Foreign Relations, Trilateral Commission, Bilderbergers,DAVOS …………..they have tightened the noose around the neck of the Working Man. They screen members in their FRATERNITIES and at Country Club socials …….
    1) Doctors have UNIONS, one is the American Medical Association.
    2) Lawyers have UNIONS, one is the American Bar Association.
    3) ALL Professions have UNIONS …… they have Trade Associations, They have Trade Publications
    4) “trade” treaties that favor the 1%
    Fraternities, Country Club Memberships are “screening” areas to ensure UNION solidarity………… Then they sit on one-another’s Boards and vote each other PAY RAISES.
    P.S. YOU pay for THEIR Union Dues &Meetings.
    Without Unions the WORKERS would not have living wages, vacations, sick days, pensions, 40 hour weeks, overtime, SAFE work conditions….. LOSING all that? Just as the Unions are undermined and destroyed? WHAT A COINCIDENCE !!!!

    Be sure to THANK a “RIGHT to SLAVE” propagandizer next time you see one. Wages in right-to-work states are lower on average than wages in non-right-to-work states, by an average of about $1500 a year. Workers in right-to-work states are also less likely to have employer-sponsored health insurance and pension coverage. The decline of the American middle class mirrors almost exactly the decline of American labor union membership. BY THE WAY ….. notice they ALWAYS exempt the Police and Firemen from “Right to Work” laws …… WHY are the Police and Fire UNWORTHY of the great benefits of the anti-union laws? WHY don’t the Police and Fire DEMAND that they be INCLUDED in the glorious-benefits of “Right to Work” ?!?!?!?!

     

    28th September 2015 at 8:25 am

  15. John Coster says:

    http://www.globalresearch.ca/gallup-60-of-americans-want-a-new-political-party-but-why-a-crisis-of-legitimacy/5478211

     

    28th September 2015 at 9:07 am

  16. BEA LEVER says:

    I hope I live long enough to see the millennials become the (heroes). Human history is cyclical that is a given, the big question is to what extent it is crafted or does it happen in a natural fashion. I come down on the side of 100% crafted. None of what we are witnessing today would be happening if the media were not spewing lies on a biblical level each and every day. Just as the seasons turn each year so turns the cycles of history over time. It is the way it is and was and will always be.

    How can you understand so well that these are all lies on a financial level yet defend the same lying bastards tooth and nail when it comes to 9/11? Interesting but not logical.

     

    28th September 2015 at 9:09 am

  17. flash says:

    +1000 admin..Nothing like a great cup of reality in the morning.

    “Neil Howe anticipates the climax of this Crisis arriving in the 2022 to 2025 time frame, with the final resolution happening between 2026 and 2029. Any acceleration in these time frames would likely be catastrophic”

    As the third world invasion is being used to replace not only EU and US culture , but labor force (read people) is being stepped up ,so will the pushback coming from the alt-right which I think in less than 5 years will be a force all it’s own. The rise of the Ultra-Nationalist is inevitable

    https://www.youtube.com/watch?v=ZuoqreGkl7o

    Some truly amazing identitarian / alt-right videos
    One thing American conservatives never understood is that art is more important than politics. If you can create and impose your own aesthetic vision, politics will follow. Politics without art is untethered.

    https://occamsrazormag.wordpress.com/

    The moderates (i.e. cucks on the right, commies on the left ) failed to accomplished any promise they campaigned on , so now it’s up to others to clean up their mess and I suspect the “others” won’t be as nice about the means applied.

    Michael Hart’s RESTORING AMERICA—The Introduction
    Among the principal causes of our decline are:
    (a) Large-scale immigration from Latin America (in particular from Mexico)
    (b) The decline of pride in our national heritage
    (c) Racial hostilities.
    These problems cannot be solved unless we discuss them openly. Sad to say, in many circles it is Politically Incorrect to talk about these problems at all. We cannot even state publicly that blacks are, on average, less intelligent that whites; and we must pretend that “diversity is our greatest strength,” whereas it is in reality a great weakness.
    It is a major thesis of this book that ethnic hostilities within the present United States of America are so great that we can no longer function effectively as a single unified country. We must therefore split into two countries.

    http://www.vdare.com/articles/michael-harts-restoring-america-the-introduction

     

    28th September 2015 at 9:09 am

  18. Backtable says:

    @albert

    Work is a contract between two parties. Offer and acceptance. An employer offers me a job at specified rate, and I accept it, reject it, or counter.

    What I am willing to accept in return for my efforts and time is between me, my potential employer and the free market’s competing arrangements.

    My life is my business, and I do not want any entity nor any person dictating to me otherwise. Leave me alone to conduct my business as I see fit – this is true whether I’m looking for work or offering it.

     

    28th September 2015 at 9:17 am

  19. flash says:

    More on the coming paradigm shift in culture and power as the establishment parties double down on authoritarian control over political power.

    conservative-quote.jpg?w=500&h=277

    Cold Anger

    http://theconservativetreehouse.com/2015/09/27/cold-anger/

    On the drive to and from the East Coast, I paid attention to the billboards and bumper-stickers. Folks, the people in “Fly over” country are PISSED, from the guy that guides hunters, to the mayors of towns and cities, to state senators congressmen and Governors who are voting to arrest and imprison federal law enforcement officials for enforcing federal gun laws that don’t agree with state law … The political pendulum has never, in the history of humanity, stayed on one side of a swing. The back lash from over reach has always been proportionate to how far off center it went before coming back … right now we’re staring at a whole hell of a lot of the country (about 80-90% of the land mass, as well as about 50% of the population) that is FED UP. You really don’t want those guys to decide that the only way to fix it is to burn it down and start over

     

    28th September 2015 at 9:18 am

  20. Backtable says:

    Catalonia appears to have sent a message;

    http://www.reuters.com/article/2015/09/28/us-spain-catalonia-idUSKCN0RQ0RN20150928

     

    28th September 2015 at 9:47 am

  21. Rise Up says:

    @flash, thanks for the link to that website–I’ve bookmarked it.

     

    28th September 2015 at 10:33 am

  22. DRUD says:

    I just had to post this…it is a perfect example of MSM idiocy. It is amazing that this fucking moron actually believes this crap and worse, millions of ‘Murikans swallow it whole.

    http://finance.yahoo.com/news/rosenberg-world-reliable-buyer-last-125549319.html

     

    28th September 2015 at 10:56 am

  23. nkit says:

    As always, Admin, a most excellent piece of journalism. Thanks.

     

    28th September 2015 at 11:14 am

  24. Bea Lever says:

    Flash- You do realize that Trump will be a “weapon” only as long as the MSM allows him to be for they have the power (nae weapon) to bring even a god down in flames. Don’t think for a moment that they don’t have some serious evidence to use against him. And don’t for a moment think that his message will live on after he is brought down off his pedestal .

    The sheep can forget their own names in five minutes Flash.

     

    28th September 2015 at 11:32 am

  25. David says:

    ………..the most surreal aspect of it all is being an “aware” observer and watching it all go down in real time knowing that there isn’t a damned thing you can do to stop it.

     

    28th September 2015 at 11:36 am

  26. Montefrío says:

    While my main concern of the day is an attack on my peach trees by Cytospora chrysosperma (tree canker), it turns out that it ties in nicely to this article! The canker is a fungus, a parasite, and if it isn’t dealt with quickly, the whole tree dies. One has to mercilessly prune the tree, perhaps nearly to the ground, but if one doesn’t, there will be no return of its productive capacity, not in a year, not ever. Think of finance capitalism and its beneficiaries as cankers on the trunk and branches of a once-productive nation and a solution may come to mind.

     

    28th September 2015 at 11:59 am

  27. Backtable says:

    @David
    “………..the most surreal aspect of it all is being an “aware” observer and watching it all go down in real time knowing that there isn’t a damned thing you can do to stop it.”

    Welcome to The Alcholocaust, i.e., dwelling on it too long leads to insanity.

    I spent the last 25 years watching this sh*t unfold, 20 of it in the banking/investment industry. And even today, after warning every member of my family about the impending Dot.bomb debacle and then the subprime disaster, they never learn.

    My Dad, the rabid purveyor of everything Teutonic, called me last week to exclaim he had bought VW stock because they had such “great engineering!”

    Yup, a week later the news comes out and the rest is history. I didn’t have the heart to tell him VW’s CEO left with a $30+ million separation package.

    People may avoid the investment downside but the reality is that there are no answers beyond this. There’s no crystal ball as to what will evolve from the maw, how long it will take, or even if it will involve large-scale conflagration?

    I’ve concluded the masses want to be deceived so let them be. There’s no changing that and yes, the frustration of being swept up in it can be great, but the only solution I have found is to retreat to the countryside and hope the fallout is as minimal as possible.

     

    28th September 2015 at 12:08 pm

  28. Bea Lever says:

    Backtable- Embrace the doom…………

    If you spent twenty years in the banking/investment industry, you should know how crooked that game is and how badly it is stacked against John Q. Public. You should have told dear old Dad to stay out of the rigged casino a long time ago.

     

    28th September 2015 at 12:53 pm

  29. Backtable says:

    @beaLever

    “A fool and his money are soon parted.” I would pay anyone a lot of money to have someone explain that to me….
    -Homer Simpson

    I know exactly how bad it is. That’s the nature of a rigged game. Knowing it’s rigged doesn’t necessarily mean there’s anything you or anyone else is going to do about it, except if you’re smart, refuse to play.

    Most investors have a short attention span anyway. And many look upon investing as a form of gambling. They’re quick to laud their wins and fast to forget their losses. That’s okay. It’s their money, it’s their business.

    But when the system purposefully lures people in and defrauds, that’s altogether different e.g., this is oversimplified, but go through a Adjustable Rate Mortgage contract with a fine-tooth comb sometime and then have a broker sum it up for you…when’s he’s making $3,000-4,000 on the outcome of your signature, you can bet the answers he gives will be, shall we say, creative. Extrapolate that to far more complex contracts and you can see where it leads.

    I don’t pretend to know what;s going to happen in the markets. But I do know human nature and believe it or not, that combined with some knowledge as to “how” the game is rigged is all you need to know to recognize it’ll end badly.

     

    28th September 2015 at 1:12 pm

  30. Administrator says:

    “Plunderers of the world, when nothing remains on the lands to which they have laid waste by wanton thievery, they search out across the seas. The wealth of another region excites their greed; and if it is weak, their lust for power as well…Among all others only they are compelled to attack the poor as well as the rich. To robbery, rape, and slaughter they give the lying name of empire; and where they make a desert, they call it peace.”

    Tacitus

     

    28th September 2015 at 3:38 pm

  31. flash says:

    Bea Lever…I realize you love to see your words in print on a popular blog , but give the nonsense a rest . Trump hasn’t been exactly a media darling .. in case you haven’t noticed….he is hated by all mainstream media…and even has a personal war brewing with Fox. Trump’s campaign draws it’s strength from social media which he uses with the skill of the showman that he is.

    Like I’ve said before, the only one how can stop Trump is Trump or maybe a direct threat from vested interests.
    For whatever reason…you’re clearly not paying attention. and that’s a choice.

     

    28th September 2015 at 5:08 pm

  32. flash says:

    Rise Up, I don’t know whether you mean Occam’s Razor or VDare . but in either case. you’re welcome.

    Considering the massive globalist ( Fourth Reich) enabled Muslim invasion now being orchestrated in Europe and the US, I find this French video not only poignant but extremely descriptive of the future to come if we continue allow the oligarchy to continue their cultural , racial and religious purges. The future starts now.

     

    28th September 2015 at 5:22 pm

  33. AnarchoPagan says:

    Flash,
    This honestly looks like an inconsistency in your above two posts. You’re capable of believing in a globalist-orchestrated Muslim invasion of Europe, but the idea that those same globalists would never field a controlled candidate to accomplish whatever ends they have in mind is nonsense? I would like to believe Trump is not part of the establishment, but been burned too many times. Looks like I’ll be voting for no one, as usual.

     

    28th September 2015 at 5:32 pm

  34. AnarchoPagan says:

    Oops, “would never” should be “would”.

     

    28th September 2015 at 5:33 pm

  35. BEA LEVER says:

    There’s where you are wrong Flash, I pay very close attention and I can assure you that any real threat to the criminal cabal run government in DC would never get so much as FIVE MINUTES of air time on the Faux News ever. And they would not be given the chance to participate in the circus we call “debates”. It is not I who have not paid attention over the past fifty years of political theater.

    Meet me back here next November to compare notes……..can’t wait.

     

    28th September 2015 at 5:38 pm

  36. TE says:

    @albert, you really need to read a few American union history books.

    Did you know Henry Ford was credited with living wages? And that his cronies and competitors were ANGRY about it?

    Do you know he CRIED the day the union was voted into Ford? Do you know his workers actually ended up with LESS?

    I bet not.

    Union’s are gigantic corporations that demand more hours of labor to pay their directors and stockholders. Any benefits to the employees are secondary to the stated goals of profit and highest echelon pay packages.

    Ask yourself how much of a cut the esteemed union leaders took in pay to save rank and file jobs (let me help you, NONE, neither did their families that all seem to hold office or salary)?

    All the benefits you listed came because the US Government, during WW11, set WAGE CONTROLS. In order to retain workers (remember mainly handicapped men, old men, real young men and women), they were FORCED because of the law to come up with created pay packages.

    Social security was not thanks to the union. By the way, it is a mathematical impossibility and will eventually be worth nothing to most of us. Ah, failure baked in, maybe the unions did push it through.

    Keep on hating the small business man and keep on demanding perks he can’t afford. We are closing more businesses than we start on an annual basis so it makes perfect sense to keep increasing the employers’ burdens and requirements. It is working so freaking well, well, for the mega-nationals, foreign job holders, banksters and public unions, those small guys that used to pay for it all ain’t doing so hot.

    If you still believe what you are spouting I feel for you. The next decade is going to be one shock right after another. Good luck.

    Thanks Admin, full of info and colorfully put. As always, I await the next one!

     

    28th September 2015 at 5:52 pm

  37. flash says:

    AP and BL , maybe I haven’t made myself clear , although God knows I’ve said it often enough. and was one of the first to call the position. I could give a rats ass who or what Trump is..he has not only wounded , perhaps mortally the double-dealing Republican brand , but has inspired a boycott of FoX News too. What frigging part of the “enemy of my enemy ” don’t you get…Do you think Boehner would have resigned with McConnell teetering on the edge without Trump merciless hammering their progressive complicit asses? Hell no!
    Trump has fired the base and brought subjects like race , immigration and America First to the forefront and the establishment hates him for it …and at this point it don’t even matter if it’s pretend , because the bases’ hate isn’t a show front ..please pay closer attention in the future…if not for your sake , then for your families.

    e.g. Trump is anti-WWIII , but Christian Family values voters prefer Cucked warmongers …go figure?

    http://thehill.com/blogs/ballot-box/255052-trump-gop-rivals-want-to-start-world-war-iii-over-syria

    CP6dXuwWIAAisrL.jpg

     

    28th September 2015 at 6:01 pm

  38. flash says:

    Albert….eat a rock turd.. UES!

    http://accordingtohoyt.com/2015/09/16/thoughts-on-the-road-william-lehman/
    I have good friends who are truckers. The Longshoreman strike and slowdowns on the west coast last fall hurt them big time. All of the truckers I know that work the docks own (with the bank) their own rigs. By the way, those suckers ain’t cheap. They cost about as much as a house. So my friends basically have two mortgages to maintain, one for their house, and the other for their truck. If they’re not hauling loads, they’re hemorrhaging money like it’s going out of style. (or like they’re congressmen) guys lost their trucks over this.

    There was a big thing in the local papers because a couple of the farm co-ops dumped hundreds of thousands of pounds of apples that were destined for overseas for the same reason. They couldn’t ship them overseas, and if they put them on the US market the price would drop so low that they wouldn’t even break even after shipping costs.

    What’s that? You in the back with the occupy something T-shirt?

    “How dare they throw away food, while people are going hungry” you ask?

    Well sparky, it’s like this. The farmers are going hungry too. They get a pay day once or twice a year, and that’s from selling their crop. They have to make the payments on all their REALY EXPENSIVE equipment, pay their employees, including the guys that are demanding $15 an hour as the new minimum wage, out of that one or two paychecks a year, and pay their mortgage, and put enough back to feed the family for the year. So they (like any prudent business man) insure their crops. If they don’t sell, or are destroyed, the insurance pays off. (not anything like full value, but enough that maybe they don’t lose the farm this year) If they sell at a loss, the insurance doesn’t pay. And if they give the food away, not only does the insurance not pay, but who’s going to pay the truckers to take it from where the food is, to where the mouths are? (Yes, I have a point, and I’m getting there, I just need to give you the back ground)

    Well, the thirty or so shiploads of hay that I saw all date from about the same time frame. So here’s another layer of people hurt I theorize( if there’s any WA, ID, MT, or NB hay farmers that read this and can tell me of a different reason that millions of dollars of hay was allowed to mold, I’m all ears) all because of a strike that didn’t, in the end, really get the rank and file union member much of anything. (It got the union more power though, and that’s what’s important… to the union)

    My dad was a teamster during the great Teamster strike of the early 70s. His team got along great with management, where happy with their pay and working conditions, and didn’t want to strike. But some big guys came down from Detroit in a couple Caddies, looked around and said “Dwayne, The union is all going on strike, youse gotta go on strike too.”

    “But we don’t have anything we want to strike FOR.”

    “Do it for youse families.”

    “What do you mean by that?”

    “How would youse feed your families if this place was to burn to the ground? If you was to be kicked out of da union, and your little boy was to get hurt bad, how would you pay medical expenses? Oh and youse guys gotta actually walk the picket line or youse don’t get your strike pay”

    Then the goons in the caddies drove back to Detroit, and dad and the rest walked the picket lines. People who wildcatted that strike where hurt or killed… I remember one guy was hauling dynamite for the coal mines in KY. The sniper that shot his truck hit the load… It cratered the road.

    Dad died in harness about 20 years ago. Mom got the princely sum of 28 bucks a month as survivor benefits until she remarried. Tell me why I should support the union?

     

    28th September 2015 at 6:04 pm

  39. razzle says:

    @flash
    — “Trump hasn’t been exactly a media darling .. ”

    He’s certainly an advertiser’s darling.

    — “….he is hated by all mainstream media…”

    He’s hated by a bunch of professional liars and script followers?

    — “and even has a personal war brewing with Fox.”

    Cha-ching!

    — “Trump’s campaign draws it’s strength from social media which he uses with the skill of the showman that he is.”

    Almost like all that market research into how to reclaim the disenfranchised internet focused audience is paying off.

     

    28th September 2015 at 6:16 pm

  40. BEA LEVER says:

    Unions will really go a long way in helping us compete with the 50cent per hour worker in some third world shithole ……….right Albert? It’s a different world, you might want to take notice.

    Well said TE, I hope Albert reads your post.

     

    28th September 2015 at 6:34 pm

  41. the tumbleweed says:

    All those who have comfort in their financial life are tied directly or indirectly to the government. Government workers, the military, government contractors, and industries subsidized by the government. If you do not fit these categories you are making $10 an hour.

    And as someone who left one of the former categories two years ago to navigate the minefield of $10 an hour land, I’ve found there’s also a disturbing trend, which is employers bending, manipulating, and massaging their compensation figures to get you to sign on. They often use promises of overtime which never materializes, tip shares which they never will bother to actually calculate fairly, benefits that don’t actually exist or in fact cost you more to obtain, or promises of raises after a brief introductory period which never occur.

    The saving grace to living in $10 an hour land is that these jobs are completely disposable. Unlike some higher ups who have to suffer year in and year out, you can quit one of these jobs and if you do it early enough in the morning, get another one in the same day. Contrary to the common scare tactics of click bait writers, there really are no consequences to bouncing from these jobs.

    The $10 an hour phenomenon is what most millennials are living in. It explains a lot of their trends clearly. On such a “salary” you can only afford to rent a room, or you live at home. You have no expendable cash to go out, so you spend your time doing low cost non expiratory activities like Netflix binging or Xbox gaming. You can never accumulate the down payment needed for a mortgage, or even a new or slightly used car, so you postpone having a family indefinitely. You bounce from disposable job to disposable job whenever the annoyances overwhelm your ability to get up in the morning. You develop no lasting networks of professionals to fall back upon.

    I don’t see an end to this phenomenon, or even an improvement until the Fourth Turning hits full stride. Labour prices will decline as more jobs are outsourced, and more immigrants are forcibly insourced, all the while food, utility, and healthcare inflation are reaming the would-be middle class. The government trough jobs are mostly closed except to those with a family connection or minorities, disabled people, and freaks who fit some sort of asinine category. What if we have a Fourth Turning and no one shows up? The Hero generation is in the basement, scarfing Doritos, playing Call of Duty, and waiting for the start of the night shift at Ruby Tuesday.

     

    28th September 2015 at 6:58 pm

  42. TE says:

    Flash, nice cut and paste on the story. I’m from a heavily unionized area, I can tell lots of such stories. Organized equals power equals corruption equals subjugation and pain for the most. Always. Thanks.

    @Bea, thanks, unions are one of my first hand knowledge things. I’ve worked for them, in them and competed against them while living among them and always paying more and more to the public ones for services I no longer even qualify for. I like to think I know a thing or two…lol

    @tumbleweed, rock on. Nail on the head!

     

    28th September 2015 at 7:32 pm

  43. llpoh says:

    Tumbleweed said above: “All those who have comfort in their financial life are tied directly or indirectly to the government. Government workers, the military, government contractors, and industries subsidized by the government. If you do not fit these categories you are making $10 an hour.”

    To elaborate on that comment:

    1) Half the workers in the country make $20 per hour or more.

    2) Around 30 million Americans work for the govt., out of what 150 or 160 million workers. So maybe 1/4 of American workers work for the government. Plus a fair few more work as contractors, are subsidized, etc.

    overpaid_workers_2.png

    So, Tumbleweeds comment may not be exactly accurate, but given the huge disparity between public and private sectors, he is probably near enough correct, if you assume that most government workers make $20 per hour ($42k/year) or more.

    I disagree with Tumbleweed in that I do not believe that a 4th Turning, or any other event, will resurrect the middle class. The middle class is never coming back, in my opinion. It is game over, as the middle class was an anomaly, and is financially unsustainable.

    The reality is that the “middle class” lived well above their means given their skills and talents and ability to add value, and they lived above their means for far too long by funding the lifestyle by debt.

    The ability to live well will be a province of the skilled, the educated, the able – in other words, if a person cannot add substantial value in the economy, they are going to be poor.

    No government transfer system will change that (the governments will run out of other people’s money).

    Additionally, the government workers are going to be decimated. Their numbers will drop mightily. Their guaranteed pensions will disappear into thin air. Etc. They will not be shielded from this reality.

    The world simply cannot support 7 billion, or 10 billion, or whatever number you choose, people at a “middle class” lifestyle. It simply cannot happen. No way.

    And the US will not be immune to this reality.

    The US is being, and will continue to be, overwhelmed by smarter, better educated, hard-working, more desperate people from all over the globe.

    The absurd government decisions being made are kicking the can down the road, and over a cliff. The cliff is approaching fast.

     

    28th September 2015 at 8:28 pm

  44. adoh og says:

    You are doing a fine job admin.

    You make “our” clan proud.

    Cenél Feargusa (Fear of No Man)

    Fergus as in Irish Ulster Scots and Scotland itself…

    https://en.wikipedia.org/wiki/Branches_of_the_Cen%C3%A9l_nE%C3%B3gain

    http://www.standrewspittsburgh.org/Portals/10/Downloads/Stone%20of%20Scone.pdf
    We are brothers

     

    28th September 2015 at 9:52 pm

  45. adoh og says:

    Look for Quinn on the list friend.

     

    28th September 2015 at 9:53 pm

  46. Administrator says:

    adoh og

    My grandfather came over from County Donegal early in the twentieth century.

     

    29th September 2015 at 6:00 am

  47. starfcker says:

    Give it a break, llpoh. We’re being overwelmed by third world trash. The middle class is being destroyed by clintonomics (slavery, monopoly, counterfeiting and cronyism) watch how quick this changes

     

    28th September 2015 at 10:01 pm

  48. Tomas says:

    Stunning…True…Sad…WAKE THE F÷$% UP…

     

    28th September 2015 at 10:19 pm

  49. BEA LEVER says:

    Llpoh- Right you are, the middle class is toast. Future will be drones and elites.

     

    28th September 2015 at 10:43 pm

  50. llpoh says:

    Seriously, star, if you think that the US can somehow regenerate a middle class out of sloth, debt, ignorance, et al, especially given the vested interests that will fight to the death to keep their pensions, SS, SSDI, etc., you are out of your mind.

    The rest of the world is catching up, and tariffs will not stop the crash. There are far, far too many folks reliant on the government teat at the moment to allow a restructure that might change things for the good. The sacred cows of SS/Medicare/Medicaid/govt drone pensions, etc., are simply too formidable to be voluntarily overthrown.

    Business – ie capital – will flow to where it is most profitable. And that place is not the US. Trapping capital onshore will not work – any such efforts have never worked, and have resulted in catastrophe when tried.

    The middle class simply cannot produce/value add enough to generate an actual, non-debt funded or non-transfer payment supported middle class lifestyle given that much of what they might generate is stripped from them to pay the free shit army.

    Additionally, the sheeple are too dense to even recognize there is a problem, and far too many of them lack any skills that are truly valuable. Serving hamburgers and coffee, despite the demand for $15 per hour to do so, will not generate true value.

    There is in fact no answer that I can see. The crash will come, yet I see nothing of value that will replace it. What we get will possibly/probably worse than what we have.

     

    28th September 2015 at 10:53 pm

  51. llpoh says:

    Bea – thanks. I am not an optimist re this stuff. I am sure change is coming. I am of the opinion that it is not going to result in a brighter future. Quite the contrary.

    But hey, in some respects, we have lost sight of the important things.

    What is wrong with sitting around with your family and reading, conversing, etc.? What is wrong with no ipads or internet or DVDs or netflix? What is wrong with exchanging things for community service?

    HSF is rightly hailed for what he has done and is doing. A return to such a life may well be a very good thing. I am aspiring to such myself.

    I just worry that even that will be out of reach should there be a resurrection of those such as Stalin/Hitler/et al.

     

    28th September 2015 at 10:59 pm

  52. BEA LEVER says:

    Llpoh- Wierd shit is happening tonight in that I am going to agree with you for a second time as you are correct again. Must be a strange alignment of the planets. heh

    However there is the outside possibility of the SURPRISE factor which no one will see coming, like for example, we become the new Saudi oil suppliers to the world or something of that nature. In that case who gives a shit we are on easy street, but that is just a pipe dream. Until then drones-R-us.

     

    28th September 2015 at 11:14 pm

  53. starfcker says:

    Llpoh, sorry I threw out the chum bag, and then forgot about it. I actually think, in a twisted way you are correct on a lot of this. This would be a long back and forth, and I’m not sure we’re addressing exactly the same points. Got lot of family stuff to deal with right now, let me see if i can organize my thoughts a little better, so this can be less bicker and more productive

     

    29th September 2015 at 1:15 am

  54. Anonymous says:

    @Tumbleweed…the stress of insecurity will gnaw at the soul of any young man with an inherent will to succeed… this blogger does a fine a job categorizing US economic classes…

    Great Problems: The Economic Classes and their Respective Plights

    The Plebs The interchangeable parts in the machinery of the economy. Because plebs are so easy to replace, they earn low wages and have little job security.

    https://devinhelton.com/2013/01/20/economic-classes/

     

    29th September 2015 at 7:25 am

  55. flash says:

    anon was I.

     

    29th September 2015 at 7:26 am

  56. flash says:

    Bea Lever , in case you think that I’m the only one noticing the rise of the Ultra you so like to poopoo, take a peek here:And FWIW, this is not a boomer movement..guess who?

    The New Nationalist World Order
    By Patrick J. Buchanan • September 29, 2015, 12:05 AM

    A backlash against refugees, migrants and asylum seekers from Africa and the Islamic world is sweeping Europe. Marine Le Pen, leader of the National Front, the strongest anti-EU party in Europe, has called on Paris to ship all migrants back across the Mediterranean. This was the solution Dwight Eisenhower settled on in “Operation Wetback,” when he ordered Gen. Joseph Swing to send the million aliens in Texas illegally back to Mexico in 1954. Swing did as ordered. Indeed, the call to repatriate the 12 million aliens here illegally has been a propellant behind the candidacy of GOP front-runner Donald Trump.

    Behind this rising resistance to illegal and mass migration is human nature—the innate desire of peoples of one tribe or nation, who share a common language, history, faith, culture, traditions and identity, to live together—and to live apart from all the rest. Such currents are stronger than any written constitutions.

    That Global Citizen Festival concert in Central Park Saturday, featuring Beyonce, may have spoken to the globalist beliefs of Barack Obama, whose wife was there, and of the pope, who was flying to Philly. But in the real world, nationalism, not globalism, is ascendant.

    http://www.theamericanconservative.com/buchanan/the-new-nationalist-world-order/

     

    29th September 2015 at 7:42 am

  57. flash says:

    for your early morning S&G… Les Brigandes – How we become an American …nails it.

     

    29th September 2015 at 8:00 am

  58. BEA LEVER says:

    Jeebus H. Krist Flash, you can’t be serious………..Patrick J. Buchanan is an elite tool of the first order. You can let the elites massage your lust for the new nationalism and a saviour right up until the election next year, that is when they will pull the rug out from under you and the Starfckers in this country and alas you will realize that you have been had.

    The base is hopping mad and they know it, this is the babysitting plan to keep said base docile and in control right up until they install their intended criminal leader as per usual. To be sure Flash, they are having their way with you……..the blindness it burns.

    Like I said, come here next November and we will compare notes and you can tell me all about your butt hurt.

     

    29th September 2015 at 8:51 am

  59. flash says:

    more on Americana…the Awakening is in dire need of a FAST/FORWARD button..

     

    29th September 2015 at 8:53 am

  60. flash says:

    BL, you really are blinded by this Oligarchy/Elite/ Illuminati controlling all humanity aren’t you? You’re beginning to sound like RE…a broken record.

    I sound this out for you since you seem to be to dense to understand the gist of any comment I make on this subject. There will no future butthurt coming from me, because I expect nothing good to come from human leadership.My position comes from understanding that the the only solution to the problem of the nature of fallen man is divine intervention., thus no disappointment will be forthcoming.

    That said, as far as Buchanan being an one of the “elite”, so fucking what? Can not a man be successful and still tell the truth.Read Death of the West and Churchill, Hitler, and “The Unnecessary War” and tell me again how pointing a condemning finger at Western and Eastern establishment figures earned Buchanan any kudos from those of the globalist order he is so fond of skewing?

    Again, spotting and commenting on a trend does not make one an disciple of that trend.And just the fact that nationalism is rising does not mean it will be successful, which only the future can tell.Are you a fortune teller , then?

    One thing you seem to not understand is the wave effect. The wave swells, crest and then crashes..and no man alive can control the wave once it swells and the anti-immigration and the rise of Ultra-nationalism push is swelling….how it will crash is anyone’ guess.. but I’m here to tell you , it won’t be good. that’s all .I’m way past prime and have no dog in this hunt…and on that note I’m though discussing the elitist mind control nonsense with you. Nobody has control of the future , not even your secret societies of oligarchs.Shit happens even beyond their control. Bet on it.

     

    29th September 2015 at 9:25 am

  61. Bea Lever says:

    Nobody wishes this swell of nationalism was true more than myself Flash. How many times do you have to get burned believing that the system has even a modicum of legitimacy?

    Buchanan is controlled opposition…….that is not popular with most here but it is the truth. Will eight more years of Clinton criminal leadership convince you that they always control the outcome? We could banter back and forth daily but the real proof is in the political pudding when it is served up after the next election (or selection to be exact).

     

    29th September 2015 at 11:44 am

  62. flash says:

    BL , take off your tin-hat for a minute and listen up. Since ’93 I’ve participated in way too many political commentary forums. So I’ve seen lots false starts and broken promises …still follow me? I’ve been there and followed that. But one thing that stands out more than anything is the rage now building in the conservative base against the Republican establishment party.In the past no Republican fired on their own party , but now that’s all the base does is fire one volley after another at the national elite.

    And , you’re telling me this is the Elite mind control at work destroying the national Cuck party from within…for good? We’re seeing a mass movement grow here and it’s grassroots fuled by social media, which is why censorship is now being discussed at the UN summit.. Censorship is more mind control, I guess?

    .The candidate( the means) is not as important as the cause which is to burn down the Cuck house of lies. Now tell me you haven’t noticed the world of butt hurt heaped on the doorstep of Megyn Kelly, Bill O’Reilly , David French, Kevin D. Williamson , Jonah Goldberg,Rod Dreher and Rick Wilson for coming out in support of the Cuckservative establishment party?….still more mind control?
    But I’m wasting my time with you…You’ve drank too much of RE’s Illuminanti kool-aid. My advice to you is sleep it off..and then get out in the world more.

     

    29th September 2015 at 12:58 pm

  63. Bea Lever says:

    If it seems real to you Flash then hang in there and keep playing. Anyone who still believes Faux News is anything but theater is a sad case in the opinion of those truly awake. Who is it that is drinking the kool-aid? I don’t have cable and have not had cable for almost 7 years so the chances of me watching Megyn Kelly or Bill O’Reilly palavering every night is zero.

    My advice to you is to get out of the controlled media faux news and live among the adept or stay there and enjoy your enslavement in a system that you truly can never change. This is really rich that one who is being completely controlled is telling me to sleep it off when he is not just asleep but in a coma.

     

    29th September 2015 at 1:23 pm

  64. Welshman says:

    Good one admin.,

    I think the time line you mention is correct, don’t know if I will live to see it.

     

    29th September 2015 at 5:00 pm

  65. the tumbleweed says:

    In response to the thought that there may not be a Fourth turning, I partially agree. I think there will be one, but unlike in the past, it will be a failure, and society will not be rebuilt from the ground up. As I stated, the Hero generation is lounging in the basement with their various diversions. That is painfully obvious. However the Prophet generation, who would play the role of rear echelon leaders in a Fourth Turning, such as statesmen, generals, sages, spiritual leaders, etc. are suffering with their own malaise. The Baby Boomers are (generally speaking) morally bankrupt, self-centered,

    Aside from these two generations simply “not showing up” for the Fourth Turning, there are still other concerns.

    – Technology as a control mechanism like never before. Drones, surveillance, militarized police, digital currency controls, passports, checkpoints, and regulations to restrict movement, restrictions of all kinds really, that can squelch any dissenting movement almost instantly.

    – The heterogeneous nature of the West, which used to be largely homogenous will be used to divide, and again instantly squelch any Fourth Turning. Pit the Blacks against the Whites, the Mexicans against the Whites, the gays against the straights, the liberals against the conservatives, the rural dwellers against the urbanites, and you prevent any cohesive groups from forming. How could Patriots, Loyalists, Unionists, Confederates, Allies, or Axis ever form today as in previous turnings? There would be so much infighting from the start, all parties involved would simply retire to the bar after an hour of heated argument.

    – Diversions of all kinds. The young are addicted to phones, dating apps, porn, Youtube, video games, and watching Netflix series. The old (would-be Prophets) are addicted toclinging to their positions of power, milking the 401ks for all they’re worth, traveling, eating bacon, and watching NFL football.

    – Consolidation of the media to peddle any false narrative. 24 hour cable news, and 24 hour instant news from any news source via the internet, and the result is its harder to figure out what’s going on than ever before. False stories are planted by governments and special interest groups. Opposite sides of the political spectrum report news stories in completely opposite ways. Logic and facts are ignored altogether, in favour of feelings and special interest emotions.

    Will there be a turning? Yes, people will get fed up and try to “do something.” Will there be a turning that follows the patterns laid out in the Strauss and Howe books? Probably not. Like monkeys flinging dung at their cage, the emotions will be there, the results will not.

     

    29th September 2015 at 6:13 pm

  66. starfcker says:

    Bea, flash is making a great point. The republican party has zero base. Just an enormous edifice built on counterfeit dollars and faux news brainwashing that’s crumbling before our eyes. The chamber of commerce got way too big for it’s britches. I’ve made similar arguments for a while. This sucker is going down. It’s been way too shaky for way too long. OF COURSE this can happen. That which is unsustainable, will not be sustained. The end

     

    29th September 2015 at 6:18 pm

  67. starfcker says:

    Tumbleweed. I like your post, but remember this. All of this is built on money counterfeited since 2007. That’s going to stop. Nothing gets a slacker out of the basement, and an xbox to the pawnshop faster than an empty refrigerator. We are bankrupt. Trump is the reckoning of that fact. New day starts in january 2017

     

    29th September 2015 at 6:23 pm

  68. gm says:

    omg I love music and and les brigandes my new favorite group their vocals are very nice , message is a plus , I know im a simple person but their harmony makes my soul sing a little and that is a good thing for me as I know I can partake of this simple pleasure and not hurt anyone .

     

    29th September 2015 at 6:36 pm

  69. flash says:

    Bea Lever…you read , but you do not comprehend.I’ll leave it at that.

     

    29th September 2015 at 6:42 pm

  70. flash says:

    “As I stated, the Hero generation is lounging in the basement with their various diversions. ” Tumbleweed

    Don’t bet on it…

    Come and Make It

    http://comeandmakeit.blogspot.com/

     

    29th September 2015 at 6:49 pm

  71. the tumbleweed says:

    Anon, thank you for posting the article regarding the economic and social classes. It explains why I have fallen from “rat racer” to a middling “pleb.”

    Though I would refine it a bit. The author lists:

    Underclass
    Plebs
    Rat Racers
    Rentiers

    The author attributes the rat racers to “having special skills” or “inside knowledge.” In actuality, these jobs are really due to high barriers to entry imposed by government through costly arbitrary regulations. These barriers largely keep the Underclass and Plebs from ever saving enough money to jump through the required hoops. Even if they had the determination and ability to do so, they are often too old by that time to make the switch. The actual rat racers were simply would-be plebs who somehow managed to satisfy the regulatory requirements through using accumulated family wealth and/or connections (most likely) or scholarships or charity (less likely, but increasingly likely for minorities and foreigners.) Rat racers mostly make money because of things like licenses, permits, certifications, tenure, secret clearances, union membership.

    Also, there should be a parallel class to the rat racers, namely the parasite class. This would include government workers, contractors, and subsidized workers already discussed. The main difference between rat racers and parasites is their work/leisure ratio. Rat racers are on a treadmill. Their job is their life. They had to successfully defeat the large barriers to entry AND must now continue to perform. Parasites, too have barriers to entry, but they are less about money and more about being in a protected category and/or knowing the right people. However, once in the big club of government work they can’t get fired. They do not have to produce, duck out at 3 pm on weekdays and 1 pm on Fridays, and can even take dumps in the hallway of the EPA if so desired. Their economic security stems directly from forced taxation and the infinite printing press, while rat racers economic security relies upon a relative lack of competition being able to pass through the entry barriers.

    The author kind of mentions this class at the end of the article as a subset of social classes called the “guild plebs,” but I think it should be clear to everyone who has a brother in law named Tony who makes $27.50 an hour to ride around in a city truck all day that this subset is pervasive enough in the modern economy to be considered its own class.

     

    29th September 2015 at 7:21 pm

  72. BEA LEVER says:

    Starfcker- WTF difference does it make if the Repugnants go down? That party and the two party system has been a sham since day one. I think I figured that all out around 1966, so hooray for you and the other cheerleaders for the train wreck of an illusion.

    While we are cheerleading here, explain to me again who will get rid of the Democrap party and what exactly do you think will replace the farce that we have now? And just how will the good people of Merica keep TPTB from tainting the new order/party/system that comes about? No one would be happier to see the assholes in CONgress run out of DC or the country than old Bea.

    If your answer is Trump, I give up…….you and Flash are going to be very disappointed when the next election rolls around. I will also be disappointed as I know that NOTHING WILL CHANGE because no matter what the steamy pile is called it will still be a steamy pile.

     

    29th September 2015 at 8:16 pm

  73. starfcker says:

    Bea, first, you ask a GREAT question. Who will rise up on the dim side. There is no answer to that. There are ZERO dimocrat politicians, business leaders, or anything else ANYWHERE with the vision or capability to do anything with that party. The repugs can (and looks like they will) morph easily into a populist conservatism that, while despised by the elites, will probably dominate our politics for the next decade

     

    29th September 2015 at 8:44 pm

  74. starfcker says:

    Think 1980’s. And I disagree that there will be no change. We are about to undergo profound change, as we bury the dogma of globalism. Globalism will continue, but not as an all in endeavor as it has been. We’re very lucky that a man with the skill set of trump has emerged, and decided to take the wheel, we need it badly, and the job is just too big for most of us. Time to choose, be part of the solution, or throw spitballs

     

    29th September 2015 at 8:56 pm

  75. starfcker says:

    I’m not alone in my thinking. http://theconservativetreehouse.com/2015/09/29/woah-reports-that-teamsters-union-considering-donald-trump-endorsement/

     

    29th September 2015 at 9:05 pm

  76. BEA LEVER says:

    Star- I am so looking forward to this new populist conservative party that is despised (cough) by the elites (who will own it same as they always did) to arrive in 2016. I will spend many evenings posting every establishment/elite pipeline connection into this new populist party. HarHar

    I’m hoping for the skittle pooping unicorn to be the replacement for the GOP elephant. Double, triple HarHar. You and the teamsters are a great match Star.

     

    30th September 2015 at 12:16 am

  77. Backtable says:

    “Depression doesn’t run hot and fierce like some crazed meth burner. A Depression is methodical, purposeful, patient. It will build a shelter out of tree branches and newspaper, light a small, well-contained campfire and wait you out, brother. While you feed on the empty calories of denial and popcorn, it will quietly gather shards of broken dreams and fashion them into a terrible weapon of blunt force reality.” –Brian Depew, Minion Street newsletter

    Many of the arguments here seem to revolve around the presumption that power remains centralized. I would argue something subtle but very different, namely that we aren’t facing a problem, but rather we are in a predicament.

    A problem, as Chris Martenson has pointed out, is when you’re hanging from a cliff by your fingertips. There’s still the possibility you can be saved with a minimum of pain. A predicament on the other hand is when you’ve already fallen. This fact is a known and the only part unknown is hard your landing will be and what, if anything, you can do to soften the impact? Confusing the two can lead to catastrophic outcomes: having already fallen and believing someone will stroll along any day now to rescue you is in all likelihood fatally shortsighted.

    The largest components of the federal budget are Social Security, Defense, Medicare and Medicaid. There are too many voters dependent upon these programs today for them to mount a cohesive platform for change. People will complain, say they want change, demand it even, but it will always be “change”… just so long as they’re not “personally impacted.” It doesn’t matter who gets elected, leadership will face this reality with the electorate.

    In essence, as Gary North has pointed out, there’s a loss of faith in the federal system, but not a loss of faith so well organized that it will lead to any constructive change in the government. Whatever change happens at the federal level will have come from within, rather than outside. And the odds of this happening on the basis of prudent, proactive decisions by our legislature are exactly zero.

    This is why a Great Default will be a final blow against the present federal system. Social Security and Medicare/Medicaid alone are sufficient to bankrupt the system. These programs will all have to be cut along with the benefits of those who are dependent upon them.

    “That’ll never happen! It’s political suicide! “ Yes, but the reality of fiscal constraint, just like gravity, doesn’t care. It is this default that will lead to a complete loss of faith in the federal system.

    Before anyone objects with the flippant, “The Fed can just print is way out,” ask what happens when one of several states now teetering on the edge of insolvency, Illinois for example, ever goes “Full Puerto Rico” and is bankrupt? Will the residents of any other state be willing to the foot the tax bill for bailing it out (provided the federal government could even legally do it?)

    And yes, bailing it out would be a tax bill. Contrary to what some seem to believe, the Fed cannot print money of its own volition. It is required to receive a request from Congress, which in turn instructs the US Treasury to issue treasury securities (the promise to repay with income tax revenues) in exchange for the “borrowed” cash.

    Can you foresee Texas agreeing to the bailout of Illinois, or any other state for that matter? Why? What control did Texas have over the spendthrift behavior of corrupt politicians in another state? What makes bailing out Social Security any different for the generations not yet receiving the benefit of it but who will be straddled with the bill? Or Medicare, or Medicaid for that matter?

    “The system will force them!” some will exclaim. Really? And will the system “force” small businesses, which employ more than 70% of the population, to stay open when they reach the point of insolvency due to onerous federal tax requirements? How, exactly? Here it comes: “We’ll restructure the entire US economy and kick ass – and not even bother taking names!” And we’ll do this in what, oh I dunno, a few years or so? “You betcha!”

    Power vacuums don’t exist for long in natural systems, and humanity, regardless of how you define it, is still a natural system. Once the federal system reaches critical mass it will fiscally implode and power will have to flow back to the states, and if we’re extremely fortunate, at some point to the local level.

    I know, I know, “THE FED CAN PRINT FOREVER!” comes the echoing chorus – if this is how you “understand” the system, then your view of finance and economics is profoundly lacking, or put another way, you trust the logic of taking a tree, worth $1,000, cutting it up, turning it into pulp, putting some ink on it, and then calling it “a billion dollars.” In fact, the charlatans running the Eccles Building literally count on this delusion, or rather the electronic equivalent of it.

    It’s only worth $1 billion if the system backing it up, “The Full Faith & Credit of The U.S. Government” is functioning. The US Government itself, from a fiscal perspective, is not functioning, it’s malfunctioning badly, to the tune of spending 40% more than it takes in. The “Full Faith & Credit of US Government” is not Washington DC, and it is not the Fed: It is you and I, us, or those of us paying taxes into the system, at least. We are the “Full Faith and Credit” of the system. It’s our ability to repay the promises our government has made on our behalf that keep the system solvent. When “we” can no longer pay, the system runs aground.

    “Print! Print! Print!” This mantra is like a chant from the Who’s Down In Whoville, oblivious to the reality that every time the Fed does, it steals from them all the more. Or perhaps even more accurately, it steals from future generations. It’s literally exchanging electronic digits for the toil of human labor. This is what money is, by the way: a claim on future human productivity (a “store of value” only exists if there are humans to add value to it).

    “We need jobs! We’ll rebuild! We’ll be great again, you’ll see!” I don’t doubt any of this. What I seriously do doubt is that any of it will happen soon enough to stop a Great Default. For anyone seeing it otherwise, please elaborate with something more relevant than, “Because we can print forever!”

    If you truly believe this, that the US can print until the presses burn out without radically altering the status quo, explain how – Austrian School, Keynesian economics, any damned school you choose, just something more rational and less sophomoric than, “PRINT!”

    I don’t doubt America can be great again, I just don’t buy into the naïve notion some seem to have that getting there goes as smoothly as a happy motoring trip to the mall. There are some extremely tough choices confronting this country, hell, the entire world right now. If you don’t get that they’re inextricably connected then you’ve already fallen and just haven’t recognized it yet.

     

    30th September 2015 at 12:44 am

  78. Anonymous says:

    Backtable, your post is way too ramblin, but there’s some good stuff in there, so I’ll try to respond. First, nobody wants to cut social security except paul ryan. Fuck him, his fifteen minutes has been up for quite some time. The disability portion of SS is the part in trouble, that is simple to remedy. We just narrow the definition of disability to the norm pre-clinton

     

    30th September 2015 at 1:11 am

  79. BEA LEVER says:

    Backtable- Where does a world central bank and world government fit into your (power will flow back to the states) theory after the big crash?

     

    30th September 2015 at 1:12 am

  80. BEA LEVER says:

    Backtable – You are aware the “Big Crash” will be global this time?

     

    30th September 2015 at 1:16 am

  81. starfcker says:

    Defense. We’re footing the bill for the entire world, and the defense budget is a giant globalist slush fund. Trump seems to understand all that. Medicare and Medicade are organized crime. Trump seems to understand that. There isn’t going to be a giant default. They know how keep the system liquid, they prove it time and again. Tax revenues should increase significantly and the trade deficit reduced. We’ll be fine

     

    30th September 2015 at 1:24 am

  82. starfcker says:

    Anon was I

     

    30th September 2015 at 1:26 am

  83. Anonymous says:

    Let me clarify – I’m not talking about “cutting” anything. I’m talking about it ending. The US government itself will default. It will still exist just a lot leaner and less powerful than in it’s present form. It’s all relative because this will happen to all advanced economies everywhere.

    No one coming into office is going to have the ability to slash these programs enough to make a difference. So they won’t – and the system itself, just from the numbers alone, will bust the bank.

    By the way, the entire blended US tax receipts have never exceeded 20% of GDP (with the exception of WWII). We’re 2/3 of the way there now. So you’re saying the US economy will grow enough in the next 4 years that tax receipts will rise proportionately without any increases in the tax rates?

    How? We’re going to ramp up domestic production and sell to ourselves? (Yeah, that’ll keep the US dollar circulating the planet as the world’s reserve currency. Look up Triffin’s Paradox,)

    We’re going to put everyone back to work exporting products at such incredibly competitive prices that everyone will want buy from us? Who, exactly, is going to “buy” from us? China? Germany? These are two largest mercantile economies on the planet,i.e., they don’t import, they NET export. Their entire economies are predicated on it. Japan maybe? With a national debt of 200% to GDP, they’ve got a TON of purchasing power….

    And finally, just “how” exactly are we going to sell at competitive prices without vastly expanded automation? But wait, if we do that how do we employ enough people to raise wages high enough to generate the taxes needed to keep the entire debt ball rolling?

    “They know how to keep the system liquid, they prove it time and again.”

    The ONLY thing “they” have proven is a.) they are incapable of spending within their means (YoY deficit spending ad nausea), which means b.) they have to borrow (“print”) to keep the lights on.

    They would have to cut federal spending by 40% across the board to balance the budget.

    Who volunteers to go first?

     

    30th September 2015 at 2:22 am

  84. razzle says:

     

    30th September 2015 at 3:30 am

  85. razzle says:

    6BpaCCV.gif

     

    30th September 2015 at 4:22 am

  86. flash says:

    Excellent commentary by Backtable..+1000 ..maybe not clear enough for BL to grasp. but then one who can’t discern the difference between spotting a trend to supporting one won’t get much.

    Nationalism is definitely on the rise, pushed along by the the great unraveling and It doesn’t take a lot of imaginative foresight to see the all roads lead to hell.

    @Tumbleweed ..everyone I know with money draws it from the wellspring of a govenrment job or a state subsidized corporate entity..all rest of plebes or underclass.

    There not a major corporation in the US that isn’t heavily subsidized by local/State/Federal government. See here for evidence.

    http://www.goodjobsfirst.org/

     

    30th September 2015 at 6:17 am

  87. flash says:

    Even Trump..

    http://subsidytracker.goodjobsfirst.org/prog.php?parent=triumph-group

    In the Great job chain every skid is greased by government lard..

    and more:

    Update Note: This list, now totaling 342, contains numerous new deals that have come to light since the report was published, including the record $8.7 billion package granted to Boeing by the Washington State legislature in 2013. There are also some additional older deals worth a bit below $75 million (we have lowered our Megadeals threshold to $50 million). The spreadsheet omits a Royal Dutch Shell project in Louisiana that was cancelled after our June 2013 report was published.

    http://www.goodjobsfirst.org/megadeals

     

    30th September 2015 at 6:23 am

  88. starfcker says:

    Backtable, I assume anon is you. Arguing with you is like arguing with llpoh. We aren’t even on the same subject. Pain somewhere else doesn’t concern me at all. I despise Keynes, I think his theories are quackery, and Triffin is right there with him. I’m going to try to write an essay on this because you guys start with globalist garbage, fret endlessly about the other guy’s problems and have no other reference point.

     

    30th September 2015 at 6:25 am

  89. starfcker says:

    You make a lot of assumptions based on nonsense, count them as facts, and build your conclusions on that tower of nonsense. I’m not rejecting your conclusions as much as I am rejecting your premise, and all the hand wringing “there’s nothing we can do becsuse” helplessness that goes with those premises.

     

    30th September 2015 at 6:33 am

  90. flash says:

    starfcker , Backtable is right .There will be no reset -and a massive one is winding up- without a whole lot of pain, physical, spiritual and fiscal I think it’s inevitable …but the silver lining is more people are waking up to the shtstorm looming , so there will be buffers in place.. as long a no rent seeking nouveau Empire nukes US..which is a dangerous a threat at the inner..

     

    30th September 2015 at 6:48 am

  91. starfcker says:

    Flash, I don’t dismiss backtable, I just look at this quite differently than him.. I struggle to debate him or llpoh because they aren’t really talking about the same things. You can always poke holes in my perspective if you get to represent five different points of view, and that also ensures there are no solutions. I’m not down with that. We need to start looking out for OUR interests. Other countries will negotiate in much better faith when

     

    30th September 2015 at 7:24 am

  92. flash says:

    Down with Nationalism …Globalism is freedom… Moar free trade

    http://www.panarchy.org/engels/freetrade.html

    Moreover, the protectionist system is nothing but a means of establishing large-scale industry in any given country, that is to say, of making it dependent upon the world market, and from the moment that dependence upon the world market is established, there is already more or less dependence upon free trade. Besides this, the protective system helps to develop free trade competition within a country. Hence we see that in countries where the bourgeoisie is beginning to make itself felt as a class, in Germany for example, it makes great efforts to obtain protective duties. They serve the bourgeoisie as weapons against feudalism and absolute government, as a means for the concentration of its own powers and for the realization of free trade within the same country.

    But, in general, the protective system of our day is conservative, while the free trade system is destructive. It breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point. In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.
    – Karl Marx, “On the Question of Free Trade”

     

    30th September 2015 at 7:24 am

  93. Anonymous says:

    The pain is on their side of the table. Trump isn’t talking about ending globalization, he just doesn’t believe in destroying america to achieve it.

     

    30th September 2015 at 7:32 am

  94. flash says:

    starfcker..I agree with you %100 on the need for we American to start looking out for our own interests ,which means putting America first which mean trade restrictions ,tariffs and sealing our borders. But you have to admit that the two parties of globalist punks have sunk the US into such a deep hole of fiscal indebtitude that the only way out (defaults and possibly global war) will involve much pain. That’s all..

     

    30th September 2015 at 7:45 am

  95. flash says:

    The number on issue of today was prophesied in 1973.If the globalist controlled West kicks this can along to the next generation, there will be no other.

    https://archive.org/details/CampOfTheSaints

    Jean Raspail: “We are only at the beginning…”

    – What’s happening today isn’t important, it’s anecdotal, for we are only at the beginning. Right now, the whole world is talking about this, there are thousands of specialists on the issue of migrants, it’s a chaos of commentary. Not one looks at the thirty-five years that lie ahead. The situation we are living through today is nothing compared to what awaits us in 2050. There will be nine billion people on the earth. Africa has gone from one hundred million to one billion inhabitants in a century, and perhaps twice that in 2050. Will the world be livable? The overpopulation and the wars of religion will make the situation fragile. That’s when the invasion will occur, it is ineluctable. The migrants will come in great part from Africa, the Middle East and the borders of Asia…

    http://galliawatch.blogspot.com/2015/09/jean-raspail-we-are-only-at-beginning.html

     

    30th September 2015 at 8:09 am

  96. starfcker says:

    Great link flash, I’m going to get his book. sounds like a french buchanan

     

    30th September 2015 at 8:22 am

  97. BEA LEVER says:

    Admin- Backtable, Flash and Star have completely dismissed the possibility of global bubbles bursting, global crash and the need for the SDR in the future. Boy I am relieved, how about you?
    This will be a piece of cake now with the threat of a reset “gone with the wind” thanks to the trio of Trump faithfuls.

    Trump will just ramp up production and we’ll be back in high cotton again….count me in on the Trump train……..what a guy.

     

    30th September 2015 at 8:57 am

  98. Administrator says:

    Bea

    Linear thinking during a Fourth Turning is deadly.

    “Don’t think you can escape the Fourth Turning the way you might today distance yourself from news, national politics, or even taxes you don’t feel like paying. History warns that a Crisis will reshape the basic social and economic environment that you now take for granted. The Fourth Turning necessitates the death and rebirth of the social order. It is the ultimate rite of passage for an entire people, requiring a luminal state of sheer chaos whose nature and duration no one can predict in advance.” – Strauss & Howe – The Fourth Turning

     

    30th September 2015 at 9:13 am

  99. Backtable says:

    “Arguing with you is like arguing with llpoh. We aren’t even on the same subject. Pain somewhere else doesn’t concern me at all.”

    starfcker, for starters;

    “We aren’t even on the same subject.”

    What subject are we on? “Make America Great Again?” You haven’t written anything definitive nor has any candidate provided anything definitive about, “How?” Sure, we’ve gotten some tax suggestions but where’s the meat? Where’s the proof that any of these ideas are can be implemented? Taxes are a start but what about slashing the federal budget? I’ve already asked you how tax reductions will spark production? Production of what, built how (automation?), and sold to whom? Someone provide some definitive answers, not just, “Build it and they will come.”

    “I despise Keynes, I think his theories are quackery, and Triffin is right there with him.”

    Keynes was a rumored pedophile and his theories were and are quakery. Government spending does not create effective demand, a term he himself used to denote, “the total demand of goods and services (both for consumption and investment) by the people in a community. In a money economy, effective demand manifests itself in the spending of income or the flow of expenditure. “

    As defined above, governments don’t create effective demand. Governments do three things: tax, borrow from investors, or issue IOUs to central banks. None of these three components produce anything other than the transfer of wealth from one group to another. The only way to increase effective demand is to increase productivity by making something of value, bringing it to the market, and exchanging it for something else of value. Governments do not do this.

    As to, “Triffin is right there with him, ” Triffin’s theory has nothing to do with Keynes. He simply pointed out that the country whose currency foreign nations wish to hold (the world’s reserve currency), must be willing to supply the world with an extra supply of its currency to fulfill world demand for these foreign exchange reserves, thus leading to a trade deficit. In essence, the world’s reserve currency nation becomes a net importer in order to facilitate trade (and in our case today, the purchase of our IOUs). What’s your alternative suggestion to this? I’d like to read it. Hell, I’d like to see anybody’s.

    “I’m going to try to write an essay on this because you guys start with globalist garbage, fret endlessly about the other guy’s problems and have no other reference point.”

    In terms of “other reference point” what other reference point is there than global? We’re the largest exporter of advanced technology (mainly commercial aircraft, software, and weapons systems) on the planet. How did we do that if all the “global garbage” of the planet didn’t buy it? We’re also the largest debtor-nation and the ONLY way we got there is by the “global-garbage” of the planet extending us credit. As to tariffs, be careful what you wish for. The history of the world is littered with wars that began with tariffs.

    By the way, do you have any children? Grandchildren? If so, a globalist view is a probably a wise idea because we as a nation seem hell-bent on sending our young people off to fight in foreign lands. I would argue that not if but when Saudi Arabia, another “global garbage” locale, goes spiraling out of control politically, the US will not sit idly by. Nor will Russia, nor Israel, nor Iran.

    I know, “Pain somewhere else doesn’t concern me at all.” Yeah, but that pain hits home and damned hard when it’s your loved one is maimed or killed fighting overseas.

    By political definition I would be viewed somewhere to the right of Darth Vader. I am about as libertarian as they come. My motto is; “You worry about you, and I’ll worry about me.”

    I started late in life as a parent. I have three two sons and a daughter, all under 16 and I’m done with the platitudes on “Greatness.” Every politician in my nearly 55 years on the planet has promised this. What we as an electorate have NEVER demand are clear answers on “How” they intend to do it? We get slogans and vague gestures before the facts and no real solutions afterwards. And nothing changes. And news flash, it won’t either. The system is too corrupt and deeply entrenched.

    We had a great run from the end of WWII to twenty five years on. The world needed rebuilding and we were there to do it. Today the world is a vastly different landscape, as is our nation. We’ve become a quasi-fascist state, serving corporate and moneyed interests. The country is run by cabals in almost every sector of the economy. One does not simply “demand” change and with the stroke of a pen, and get it. The vested interests on the other side of that equation are far too large and too powerful to cede their power and wealth that easily, unless of course the change being sought benefits them. And if it does, you can bet it’s not benefiting the greater population at large.

    I’m not arguing with you, starfcker, I’m debating. I respect your stand on Trump, he has some good ideas. What I disagree with is the process by which we elect our leaders. Great ideas are fine but don’t piss over my shoulder and tell me it’s raining. If transformation is going to involve sacrifice, that’s fine, just level with me from the outset.

    And yes, the pain of others does concern me, because if they vote on the basis of lies, then we’re right back where we started from: political deception. And the people are sick and tired of it. If they find they’ve been duped again, “the pain of others” expressed in their anger and rage, is in all likelihood going to become pain for all of us.

    Again, I have no problem with this because it’s precisely what I expect will unfold. What I have a very, very difficult time with is watching it all unfurl when I have children who will inherit it. It pisses me off beyond words. The sole redeeming aspect is that this transformation is necessary and I do believe what comes out of it will ultimately be better for all.

     

    30th September 2015 at 9:08 am

  100. flash says:

    Like I’ve said BL:, you read , but you do not comprehend. If you can find a quote from me or any you named claiming that a global geopolitical crash is off the table, please do..elsewise please STFU on what my position is on the global reset is t, because you obviously don’t have a frikkin’ clue..

     

    30th September 2015 at 9:11 am

  101. BEA LEVER says:

    Flash says, “Backtable is right. There will be no reset- and a massive one is winding up- without a whole lot of pain”

    I think the three of you are saying we will just smoothly transition into full production without a global crash.

     

    30th September 2015 at 9:29 am

  102. flash says:

    The old saw tariffs cause wars is about as silly as the myth that the Smoot/Hawley Act caused the Great Depression.You protect you own or soon you don’t own anything to protect.

     

    30th September 2015 at 9:31 am

  103. flash says:

    BL, what part of “without a whole lot of pain” do you not understand?

     

    30th September 2015 at 9:33 am

  104. Backtable says:

    Tell that to China when you impose a 30% tariff on all imported goods and they have to deal with 1.3 billion angry, unemployed, hungry citizens.

    War is the fastest way to reignite an economy and divert attention from the true problems. China won’t start a shooting war with the US outright. They’ll push outward geographically within their sphere of physical power projection. This isn’t something Japan is any fiscal condition to counter, nor any other country in the region.

    It’s how small wars have a way of proliferating into larger ones that matters. This doesn’t mean you don’t find ways to counter China’s manipulation of trade, but you certainly don’t do it by announcing a 30% tariff tomorrow. The financial fallout would be huge, and if anyone doesn’t understand this then they don’t understand FX, Japan’s predicament, and the “carry trade,” and from there the derivatives markets.

     

    30th September 2015 at 9:43 am

  105. flash says:

    Backtable…So what did China do before we created the cheap labor market ? Cancer has been known to be cured?

     

    30th September 2015 at 10:04 am

  106. Backtable says:

    “So what did they do before we created the cheap labor market?”

    They planted rice, rode bicycles, and chain-smoked extremely crappy cigarettes.

    But that’s not where they are today. A significant and sudden regression of their economy would create deep political turmoil and in all likelihood, civil unrest.

    Chinese leadership would have absolutely no problem convincing it’s populace that the blame for all their economic woes lay at the feet of, “The evil American devils.” You see this every time there’s the slightest flare up in international tensions between the two countries.

    China could and might very well project force into the Pacific to counter US sanctions, threatening Taiwan and even possibly Japan. And it’s a different playing field on the seas today:

    See here: https://en.wikipedia.org/wiki/DF-21

    and here: http://nationalinterest.org/feature/should-america-fear-chinas-carrier-killer-missile-11321

    No one knows but the point is that threatening China today is not nearly as simple as leveling tariffs.

     

    30th September 2015 at 10:32 am

  107. Bea Lever says:

    Flash- I’m sorry what??? Global crash with global currencies crashing triggering reset causes no pain?

    I give up……..

     

    30th September 2015 at 11:07 am

  108. flash says:

    Backtable, China and Russia are going to project force in MENA , Eastern Europe , the Pacific and wherever the fuck else they want…wanna’ know why…GLOBALISM, FREE MARKET , CORPORATISM has left the US nothing but a hollowed out shell of a once industrial giant..Cheap labor has turned America into a nation of slothful , obese idiots who think the rest of the worlds nations where created just to serve them.
    If we don’t possess the industrial and military might to back the bullshit and we don’t , power built around paper currency is worthless

    Nationalism hasn’t become passe’ just because a bunch of former liberals , turned libertarians now champion open border globalism because “the children ” but truth be known it’s because they know it’s surrender or fight…and fight in such a weakened state brought about by incompetence, debauched PC bullshit and rampant corruption in Federal government is a no winner. Our national leaders are incompetent fools owned completely by international corporate interests…and don’t think China and Russia, who still imprison and put to death corporate criminals don’t know this…they do.

    And Russia and China are not the US. They are Nationalist first and global partners second..see BRIC..WTF? cuz’ they love trading in the USFRN so much? This game is not Old Maid, Backtable and Russians are no longer asking permission..especially after the latest attempt by the West to destroy their economy and starve their people out via international trading restrictions.

    http://news.yahoo.com/russian-strikes-again-expose-us-disarray-201634156.html

    “As US Secretary of State John Kerry was in New York trying to coordinate with his Kremlin opposite number Sergei Lavrov, a Russian officer contacted the US embassy in Baghdad.

    His message was simple: Russian jets are about to launch air strikes in Syria, please stay out of their way.

    Kerry quickly protested to Lavrov that this was not in the spirit of Moscow’s promise to agree a “de-confliction” mechanism to ensure Russian flights do not interfere with US-led operations.

    But the strikes were already underway, potentially altering the balance of power in Syria back in favor of Bashar al-Assad’s regime, and Washington was looking at a fait accompli.”

    The US government has allowed hook-nosed International bankers to lure our nation into CHECK by convincing our avarice driven political class that all the US has to do to survive in the modern world create currency and the hoi polloi nations will be forced to trade oil, raw resources and consumers goods in exchange for the great privilege of owning our O’ so valuable paper.

    Well for any that pay attention to these things know that game is gettign a very old with world powers and soon enough will be tested. What then , Backbabble ? What else can
    China and Russia need from US that they can’t live without? Do tell? Technology you say? …phhhhttt.
    Sure the two nations that make our chips and rocket engines and regularly hack our “secure” US government/corporate computers will crash and burn without access to our cutting edge…whatevah..

    Tariffs have never been the cause of war.It’s the denial of access to resources that are the true cause.See Japan in WWII..
    So along those lines, what is it that China and Russia are controlling or gaining control of that the US might desperately need in the near future? Yes we are in weak position…and it ain’t fucking because of Nationalism and America first , regardless what Tiffin, Keynes , Mises, Rothbard or that babbling atheist shit Voltaire sez’…now is it Backbabble?

     

    1st October 2015 at 7:30 am

  109. flash says:

    Bea Lever , English is not your first language is it?

     

    1st October 2015 at 7:31 am

  110. flash says:

    BTW,Backtable you must be new here , because the importance of water based weapon systems vs shore based has been done to death. With the advent of modern missile tech, navies are nothign more than floating death traps. I think we can say with confidence that no ship can survive a salvo surface to ship of missiles traveling at Mach Ten, but this applies not only the USN, but the Chinese as well…globalism without the power to project it will wane.
    China’s testing those waters now. But I’m sure their little power displays have nothing to do with Nationalism , they just want everyone to share the earths resources equally …and get along.

    China navy calls for United States to reduce risk of misunderstandings
    Yahoo News – 3 hours ago
    From Yahoo News: China hopes the United States can scale back activities … on
    Thursday cited a senior Chinese naval commander as saying.
    Chinese warship on its way to Syria
    The Hindu – 23 hours ago
    China’s First Domestic Aircraft Carrier Almost Certainly Under Construction
    USNI News – 13 hours ago
    Chinese navy ships entered U.S. waters off Alaska … – CNN.com
    http://www.cnn.com/2015/09/04/politics/china-ships-alaska-us-waters/

    Sep 4, 2015 … (CNN) Chinese navy ships entered U.S. territorial waters off of Alaska last week, coming within 12 miles of the coastline, multiple defense …

     

    1st October 2015 at 7:46 am

  111. flash says:

    Backtable Chamberlain….Nothing to see here but some Globalism in play..Events will foment ideology more than ideology fomenting events…bet on it.

    Putin Lectures Obama on Arab Spring: “Do You Realize What You Have Done?”
    http://www.thegatewaypundit.com/2015/09/video-putin-lectures-obama-on-arab-spring-do-you-realize-what-you-have-done/

    CQJyxS_UEAALi1U.jpg

     

    1st October 2015 at 7:51 am

  112. flash says:

    more “globalist” fun and games…those Russians must be splitting their sides with uncontrollable laughter about now.

    McCain: Arm Syrian Rebels to Shoot Down Russian Planes
    Senator accuses Moscow of targeting US-backed groups
    Senator John McCain reacted to Russia’s announcement that it had begun launching air strikes targeting ISIS militants in Syria by calling on the White House to arm Syrian rebels with weapons to shoot down Russian planes.

    http://www.infowars.com/mccain-arm-syrian-rebels-to-shoot-down-russian-planes/

    Remember how well the arming and training of Al Quaeda worked in Afghanistan worked out for US? Yep, we ‘ve those Ruskies right where we wan them..again..they must be real suckers?

    https://youtu.be/t8hP_7iCqqQ

     

    1st October 2015 at 8:46 am

  113. BEA LEVER says:

    Admin- Could you explain to Flash, Star and Backtable that reset comes AFTER collapse and that there is generally a great deal of PAIN involved with said process. Also that this time will be a global collapse resulting in major changes in economic and political systems. I am posting in English, they are reading in some other Trumped up language. Thanks.

     

    1st October 2015 at 9:06 am

  114. flash says:

    BL, in the famous words of Ronald Reagan, there you go again..I’ve never poo pooed the “collapse” scenario , in fact I think it more likely than not.I really don’t know what you’re rambling on about , the adopted TBP theme is Embrace the Doom …didn’t you get the memo?

    But ,please tells us again how China and Russia projecting military might around the globe isn’t ***gasp*** nationalism writ large….or is this just more globalist “controlled opposition?
    Here’s a clue, BL, currencies come and currencies go, but national /tribal interests remain as long as the people do, which may be why the international shitstain banking interest who control the EU and US are desperately trying to replace the European race with anti-Western third worlders who refuse to assimilate…no proof …just a hunch.

     

    1st October 2015 at 9:29 am

  115. Backtable says:

    Flash

    Chamberlin? Really?

    What are you smoking, son? Janet Yellen might like some…

    It’s PRECISELY because the world is interconnected that the US will implode and no, it has nothing to do with some effing One World Mantra or Global Village (Idiot) viewpoint you seem to think I convey or believe we ought to bow down to.

    It has everything to do with finance and the ability/inability to project power therewith, but more importantly, it has to do with the willingness to do so. China flexing a few ships into our territorial waters or Russia deploying some troops and aircraft to Syria means zip. The Russians have always had an “in” with the Assad family and heavy energy interests there (pipeline issues), and the Chinese have access to a deep-water submarine base in Iran (Straits of Hormuz patrol). MENA will involve the world. It already does. These have been well-known facts for awhile now. So?

    Neither Russia nor China have anywhere near the “heavy lift” capability the US does nor do they have the ability to sustain massive supply trains (routes) over long distances. They can regionally project power against smaller foes but they cannot sustain a large scale conflagration without going to permanent war footing (a redirection of their entire economic efforts).

    By the way, neither could the US, but we have the systems and infrastructure in place that would enable our production to out-pace theirs and for more sustained period of time. What we DON’T have is a lot of financial leeway. (Yes, here we go again, “WE can PRINT!”). On the other hand, there’s NOTHING Central Bankers love more than a good old fashioned war!

    Our present lack of world leadership stems from a panty-waist Man-child that lives an alternate universe of chain-smoking, “feel-good,” id-driven politics. He’s a product of his times, a caricature. His entire administration is the laughing stock of the world. Women in the Army’s Rangers? Dual-gender combat arms units? An openly gay Secretary of the Air Force, [Legal disclaimer: “Not that there’s anything wrong with this…”] and we’re just waiting, any moment now, I can feel it, for the first transgendered USMC commandant! “Oh joy! I can be the first on my block to raise AND salute the USMC colors AND the rainbow coalition’s flags together!” Wow. Truly… just… wow. It would give, “You’ve come a long way, baby!” an entirely new meaning, huh? The history of the sacrifices made by the Corps and those made by the LGBT Coalition, flying side-by-side, together…that’ll be the day. (R. Lee Ermey: “Here’s my .45. Shoot me now.”)

    Military power projection is one thing, but what many don’t seem to grasp is that financially our economy is completely linked to the world economy. It’s called “Derivatives.” Case-in-point, if anyone believes Italy or Spain can have a complete economic crisis and it won’t ripple immediately throughout Europe, the US, and China, then they’re seeing the world through a prism of the 1960s. They simply don’t understand the nature of world finance and trade today. And what they REALLY don’t understand is credit.

    Nearly seventy percent (70%) of US corporate profits are made outside of the US, more importantly they’re made on the basis of FX manipulation (e.g., the Euro-US exchange rates) and tax laws.
    Yeah, that sucks and I NEVER said I liked it or thought it was a good idea. But it’s reality none-the-less, (my entire adult life has been spent despising the assholes that enabled this system) and anyone who thinks we simply “flex a little American know-how and muscle, and show’em” without severe economic fallout is either, a.) knowingly lying or, b.) Just. Doesn’t. Get. It.

    For starters there’s a little thing called the P/E multiple and it’s a major component of stock prices. We can’t even bump the Federal funds rate .25% without the markets hyperventilating like Milburn Drysdale every time Jed mentions the word, “withdrawal.”

    Let’s step over the interest rate issues for moment, and instead look at US foreign business practices. Claw US corporations back to the states next week and watch what happens to the stock markets, and like dominoes, everything else from there.

    Again, I’m not simpering about it, saying we need to be “cautious” and let the world dictate how we conduct our business. I’m simply pointing out that anyone who believes we can make “wave-of-hand” structural changes overnight without precipitating a major crash, (again), doesn’t “get” the world economy today and the impact it will have on ours.

    And this fact is what’s omitted when the idea gets bantered around like so much hot air. (Never mind the “Bring’em back to ‘Merica!” mantra. Yeah, doable, but again not with the speed people believe, nor with the outcomes they expect, either. “Jobs for everyone!” (If you believe this you need to study automation and the CENTRAL role it plays in corporate profits.)

    Tariffs on China? Naw, this wouldn’t directly impact US corporate earnings on those companies doing business there. No way. “Yay! That’ll show those bastards!” Sure it will. And the next time you peruse Wal-Mart or Target , or any number of other US stores that stock cheap (operative word “cheap”) Chinese crap, watch how fast it’ll impact your wallet, too. Yeah, America’s ready for that. “Didn’t see that coming.”

    And, of course, the stained t-shirt-and-pot-belly crowd retort will be, “They’ll do what we damned well tell’em to do and like it, by Gawd! They need us more than we need’em! Slap some tor-riff’s on’em! “
    Yup, those pesky Chiner-men had better take lower wages to keep US import prices down or else…

    Or else what? Chinese workers don’t get to strike? They don’t get to riot? You think the Chinese government is going to look at the US, look at rioting workers outside their politburo windows , and decide it’s time to start busting heads on “the local slopes,” instead of re-directing that anger elsewhere, and right quick…like maybe a little further out from home…island nations, and what not?

    Oh, and while we’re at it let’s stop shipping high-tech anywhere, too, huh? Boeing? Who needs’em. Let Airbus capture the world markets. And all those peripheral vendors, as you so eloquently put it, pfffft. They can get jobs at McDonalds. What’s that? China will “still” demand our technology. Oh yeah, I forgot, because they have no other options anywhere…right. Oh, and they don’t hold $2 trillion+ in US debt obligations, either. You don’t have to like it, flash, I KNOW I sure as hell don’t, but that’s the reality.

    I never said I was for a global economy or that I think it’s a good thing. I’m saying that like a Jenga structure, it is now so intertwined that believing you can disengage overnight isn’t going to happen, I don’t care who tells it otherwise. It can be done, but it won’t be done without some sacrifices at the cash register, and in the job markets. And maybe on a battlefield or two. The transition will not be “smooth sailing,” but the message being conveyed doesn’t say this. It never does.

    And by the way, that Navy crap you throw up there? Bravo Foxtrot Delta, flash. I’m not saying the US isn’t superior…I’m saying that if no one is telling us lives won’t be lost confronting Russia or China, they’re lying. Unless that what’s you want? It’s a lot easier to be lied to than have to dwell on the gritty realities. What Americans get fed politically, and the reality that comes of it, are two very different things.

    Yeah, militarily we’re swinging the biggest stick on the dance floor. None one doubts that for a second. What gets lost in translation is just one question: Are we willing to use it?

    If so, why isn’t the public told this could be a very real possibility? Unless, of course, you’re implying we won’t have to (again for reasons that defy logic) because Russia or China will back down. They need us more than we need them? The Russians? Really? Since when? What, they’ll be so scared of having to shutdown all the KFCs and GM dealerships over there? “Pesky damned Rooskies. That’ll learn’em.”

    We’re not going to “retract” from world trade without pain. (We’re not going to retract from world trade, period, but that’s a different discussion.) The bottom line is that some of America seems to believe you can have it both ways, like “Lower everyday prices at Walmart with everything made in ‘Murica.” If so, what it doesn’t get told is that the transition comes with a high price tag, both in money and probably lives. I’ve ALWAYS believed there’s absolutely nothing wrong with this – provided you level with people at the outset. Make people understand there’s a price for EVERYTHING. The only question then is simple: Are you willing to pay the price? If so, knock yourself out.

    But the political system never delivers this message. It never has. It probably never will. It doesn’t fly so well with the soccer moms and Neocons.

     

    1st October 2015 at 11:29 am

  116. starfcker says:

    Backbabble, you are welcome here. We like to spank children. You are no dummy, but let me give you a couple of tips. Learn to speak in shorter clips. A paragraph or two. Make your point. What’s killing you is your great stuff is buried in your garbage. Separate it, and let’s hash it out. That’s what makes this place unique. You’ll get smarter. We all will.

     

    1st October 2015 at 12:10 pm

  117. Backtable says:

    Strfcker (great handle, by the way, really conjures up the imagery), I’d say let’s get into a battle of wits but you’re unarmed.

     

    1st October 2015 at 12:22 pm

  118. AnarchoPagan says:

    Flash, in answer to your question, yes Russia and China are just more “controlled opposition”. Both countries are members of the G20 and BIS, and India and Brazil will be added to the UN Security Council. Doesn’t mean there won’t be a war, just that whichever side wins militarily, the banksters will still be in control. Putin is not coming to save our asses.

     

    1st October 2015 at 12:48 pm

  119. flash says:

    I understand you argument .-borne out of frustration- but like Bea Lever you misunderstand my position.Russia and China have recognized the weakness of our homosexual , community organizer ,SJW activist govenrment and are now directly challenging it’s authority.Debt doesn’t matter when assets can be absorbed. As Martin Armstrong so succinctly pointed out ” I have been warning that this turning point is not in markets, it is centered in government. ”
    Do you really think China or Russia give a rats ass about Boeing’s market share or technology ?

    I feel push is coming to shove and 2 trillion dollars of digital currency is not as important to China as the the resources a strong military can acquire. I’m not geopolitical astute enough to calculate the game required for the US to come out on top China and Russia ‘s current play on MENA , but I know enough that this ball once by dropped US will have dire consequences for the quality of life in these United States.

     

    1st October 2015 at 4:51 pm

  120. flash says:

    AnarchoPagan Flash, in answer to your question, yes Russia and China are just more “controlled opposition”.

    So the entire world are slaves to hook-nosed bankers and no men in the know ever plan to rise above?

     

    1st October 2015 at 4:54 pm

  121. AnarchoPagan says:

    flash,

    Rise above what? Putin seems to be doing quite well for himself; how many dachas do you suppose he’s got? Ask yourself, why has Russia never called BS on the US government’s many lies? Putin has publicly claimed to have names, dates and stories of the Ukraine putschists; what’s he waiting for to release the info? Why did the Western bloc give Russia technology and military aid all through the Cold War? Could it be they’re all on the same team? To be honest, I think Putin is a nationalist who’s just trying to secure the best place he can for Russia within the new world order, knowing that he can be replaced.

     

    1st October 2015 at 6:01 pm

  122. Backtable says:

    Flash, I think you misunderstand my position, as well.

    starfcker: I already KNOW you do, so don’t bother reading…(“That boy, I say that boy sez the fewest things with the most damn words of anybody I ever met!”)

    I don’t have any frustration. I am saying, have been saying all along, precisely what Martin Armstrong is saying – the final, (possibly the next, but definitely the final) crisis will be in sovereign debt.

    The derivatives markets implode as sovereign debt does. They are intertwined and interconnected to the tune of hundreds of trillions of dollars. The next “subprime” crisis a IS sovereign debt crisis, across all advanced economies up to and including the US. The US will in all likelihood be the last economy standing but regardless, default is the final outcome.

    Since 2008, China has injected the equivalent of $29 trillion into their “ghost town” economy. The largest issuance of debt in the history of the world in just eight years. And what natural resources does China have that you speak of? Do they not import steel? Oil? Pot ash? How about copper? Aluminum? Borax? They don’t have these resources in sufficient numbers to run their own economy at the levels they’ve grown accustomed to, much less conquer the world. With such a massive debt load, they’re SOL in this regard. It’s going to take along time to wash the domestic debt out of their system.

    Russia is no economic powerhouse. Its a basket case internally. Ever been to Moscow, flash? Do you know what the average Russian lives on per month? Have you seen how the average family of four gets by? I have. It sucks, pure and simple. Americans have no idea what deprivations in daily living are by comparison to Russian standards.

    By US standards their lives are one long (well, vodka-shortened) fight with an ugly stick. Life in Russia is a lot harder than most people know and as result Russians are a lot more resilient, too. Putin himself is one shrewd Pakhan: You don’t get to be worth an estimated $90 billion on a government salary, the US equivalent of $150,000/yr., without knowing your way around the geopolitical cell block, so to speak.

    Russia and China are “taking advantage” of their situations, as you put it, for two very different reasons. Russia because of US meddling in the Ukraine, and also in an attempt to protect pipeline interests (The Friendship pipeline) that will cross northern Syria. This is big money and they’re doing it now because, as you accurately note, our “gomoseksualist” in office is on his way out, and they know there’s a window of time in which they can throw their weight around. Within any luck (for them) some of it will stick, and they’ll come out of it all the better off for having done so, both economically and strategically.

    The Chinese are pushing hard because their leadership knows their ass is in a sling economically. They’re also mad as hell about perceived US manipulation in their financial markets, as well as with our ire over their manipulation of their Yuan. They resent the US telling them how to run their economy when the US economy itself is a bloated debt-disaster. What a joke – we ship them scrap metal for a pittance, they melt it down into trinkets and “gua-gua,” and then ship it back to us via Wal-Mart and Target where we “buy” it back from them on credit that THEY. FLOAT. US! (“Hah-hah! You var-wee funny Cha-wee”…yeah, that’s hysterical even.)

    So yes, sovereign debt is exactly the issue. Problems in markets require central bank backing, which can ONLY come from sovereign-debt issuance. Money may come out of thin but the accounting requires it be “exchanged” for sovereign debt, itself printed out of thin air. Tidy little “thin-air” system, that.

    The problem is that there’s too much of it. And the amount of it is accelerating, all under artificially controlled interest rates. This cannot go on a whole lot longer, e.g., in the US, compressed rates are crushing the largest pension funds into the ground (anyone with experience in bond laddering in the pension/insurance industries knows what I’m talking about ). And who bails out pension funds? Yup, the PBIA, with the Fed hovering in the background…ready to assist with funds generated, once again, via sovereign debt issuance.

    Tariffs won’t ‘fix” anything, because tariffs would only accelerate sovereign debt defaults in foreign countries all the faster. You’re arguing that slaping tariffs on China and/or Russia won’t create any problems for “them.” So what? Tariffs on them would automatically trip problems in peripheral governments.

    Look at who China buys from…Australia, maybe? Chile? Brazil? The list is long and diverse. And as those government’s sovereign debt defaults, so goes the derivatives market, and as the derivatives markets go, so goes the credit markets, and if anyone thinks you can halt the credit markets in the US and there won’t be any fallout, well, they’re in for one HUGE effing awakening. It goes a lot farther, and hits your world a lot faster than the Fed going “Full Oz” and pushing a few buttons and slinging extra zeros around.

    I suspect in many ways, flash, we are arguing two sides of the same coin. Once default hits, I don’t see the US regaining its global dominance anytime soon, but neither do I see any other country waiting in the wings do so either. No other country has the ability to do so and sustain it, especially if it doesn’t control the world’s reserve currency. Even after global sovereign default, the US is still in the best position to retain its dominant role. What that will look like by then I don’t think anyone knows. But I suspect its going to look very different form today.

     

    1st October 2015 at 8:01 pm

  123. Llpoh says:

    Personally, I think Backtable is making sense. The economy is global. The US simply cannot exit stage right by implementing tariffs galore. It would decimate the high tech industry, and replace it with what – the equivalent of cheap Chinese crap?

     

    1st October 2015 at 8:49 pm

  124. west says:

    Flash,

    Allow me to demonstrate your myopic view that whites are generally more intelligent than blacks in this country: It was extremely obvious to black people that Bush was lying when he said Hussein was an national security threat to our country. Meanwhile-white people (particularly those that believe they are vastly more intelligent than blacks) lapped that B.S. up like white on rice(pun intended).

    An honest discussion about the state of this might start when whites stop believing superiority in numbers equals superior intelligence. You just think differently. You’re not the only ones in this country with ideas on how to make this a better country. But you think you are.

    So let’s have that honest discussion Flash. Let’s start with you seeing the forest for the trees. The elite never gave a damn about you. They’re just more obvious about it now.

     

    2nd October 2015 at 4:26 am

  125. llpoh says:

    West – black folk wanting month free shit us not a fucking discussion I want to have. Thanks anyway, you moron.

     

    2nd October 2015 at 5:47 am

  126. Anonymous says:

    AnarchoPagan -Putin is a nationalist who’s just trying to secure the best place he can for Russia.

    Thanks, that’s all I’ve been saying all along..Nationalism is rising and Putin and Xi Jinping are definitely in the game. And you may well be right that money will be the ultimate authority in this geopolitical game ,which you and BL refer to as “controlled opposition meaning , one master , one set of rules, yet that remains to be seen. I don’t disagree, just skeptical.

     

    2nd October 2015 at 7:03 am

  127. flash says:

    AP , anon was I

     

    2nd October 2015 at 7:03 am

  128. Backtable says:

    Flash.

    Tariffs led to the ugliest war this country ever endured, The Civil War.

    Read Martin Armstrong, here; http://www.armstrongeconomics.com/archives/tag/tariff-law

     

    2nd October 2015 at 7:32 am

  129. llpoh says:

    Damn spell checker on my phone.

    Meant to say “black folk wanting more free shit is not a conversation I want to have”

     

    2nd October 2015 at 7:39 am

  130. flash says:

    I have to say thats some fine piece of analysis .You certainly have a gift of making all the pieces fit with the very lest verbosity.That said , your rundown of the brewing geopolitical shitstorm follows logic to the letter and as loopy noted paints a damn gloomy pic.
    And you’re correct. We are arguing the same shit meets fan scenario,but the difference is I was fishing for solutions and you seem to be for kicking to can until the edge of the abyss is all left. Protectionist measure may be too little too late for US ,but allowing the middle class to be destroyed thus turning the nation into another two class shitholes reminiscent of a third world nations where the uber rich control everything and the poor live like rats is just as unacceptable.

    Since you seem to have a good grip on the geopolitical scene, you should consider asking admin for posting privileges and contribute an article on the subject of Sovereign debt and maybe… we do we go from here.

    This subject seems to have even the great mind of Martin Armstrong perplexed.

    “This is why I have stated that this was never my theory of how the world works; it was my discovery. With this turning point focused in government and our political economy rather than a specific market in the private sector, we really need to invest a lot more time to research this phenomenon.”
    Martin Armstrong
    http://www.armstrongeconomics.com/armstrong_economics_blog

     

    2nd October 2015 at 7:45 am

  131. flash says:

    Westie…Africans have destroyed not only physically , but economically, every neighborhood, nation and culture they’ve been imported into or invaded. The evidence is in. There’s nothing left to argue.

     

    2nd October 2015 at 7:54 am

  132. flash says:

    Backtable, I was wondering when you where going to toss North’s tariff against the South out. as the cause of the War of the States. I agree , but many will argue otherwise.

    Great argument on tariffs as the cause here:
    http://www.ncwbts150.com/TariffOriginsoftheWar.php

     

    2nd October 2015 at 8:04 am

  133. Backtable says:

    Flash.

    You have me. It is unfortunately verbose because it’s (SHTF) a wickedly complex, ephemeral subject with no clearly defined edges. And I am NOT saying my perspective is right – no one can do that precisely because there are simply too many facets to the problem.

    Your arguments of power projection, especially with Russia, could be dead-on; if we get one more milquetoast-twinkie Fearless Leader, sipping lattes with whipped cream, we are honestly and for truly fucked. To paraphrase James Kunstler;

    “A leader who thinks they can deal with Vladimir Putin by treating him as though he’s the president of the Cement Workers’ Union ought to give thoughtful people the vapors.” (Better still, “I’d sooner watch a gerbil in a terrarium with a King Cobra.”)

    Point being we need someone smart AND tough to deal with both the Chinese and the Russians. It doesn’t matter what the unicorn-riding, lisping PC crowd “wants to believe.”

    The hard, cold fact is that world leaders get “strength.” It’s a universal language, spoken everywhere. And “strength” they respect.

    On the world stage today maybe we need a little more. As the saying goes,

    “I don’t want to be respected. I want to be feared.”

    In the end, you are right, Flash. Its not the arguments that matter, certainly not mine. It’s what we do as a nation going forward, both during and after the SHTF. This part is completely unclear, so we’d better have the right leadership to see the process through.

    Personally, I want a future that by default requires people to “own” their lives instead of one that enables them to wallow around like mindless sheep on some bum-fuck, run-down farm.

    We shall see.

     

    2nd October 2015 at 8:17 am

  134. flash says:

    Backtable -You have me. It is unfortunately verbose because it’s (SHTF) a wickedly complex,.

    There was no sarcasm. I’m sincere. You comment said more in 5000 word than some commenters say 10000 word post I’ve read here…harrummpp…RE..

    I was just saying, I’d be interested in reading more. Thats all.

     

    2nd October 2015 at 8:33 am

  135. ssgconway says:

    Thanks, Admin, for another fine post. The reader comments are worth the effort to review, all 134 of them, as they are as good of a debate as we’ll get, given the media circuses that pass for political conversation today.

    I hate to say it, but sometimes I wish, that Putin was an American, warts and all. he gets it and puts his country first, ahead of ideology, etc. Caesarism is often an answer to crisis, and Trump fits that mold beter than anyone else today. He’s really about as close to a Putin as our politics can offer, and the craving for order, for someone to ‘do something,’ to believe in something, to have the confidence to believe in their own success, is intoxicating after years of failure, hubris, doubt, inaction, betrayal and contempt from the ruling elites. Like war, sometimes it’s best not to start things in politics that have a way of ending that no one predicted when they planned their beginning.

     

    2nd October 2015 at 7:42 pm

  136. Maggie says:

    @ssgconway I understand what you are saying but wonder if anything we see in political theater can be believed. Don’t forget that Putin is old school KGB. And Trump is reality TV.

     

    2nd October 2015 at 10:22 pm

  137. flash says:

    stretching a little , but funny still..

    CQWC9exWEAA8XgG.jpg

     

    3rd October 2015 at 7:17 am

  138. T4C says:

    sott.net just posted this article on their site and ADORED it. Below are comments (not from readers but from the sites Administrator that are worth noting:

    Comment: It is hard to find a more damning outline of what is happening in the United States economic and financial systems than what is outlined in the article.The picture above alone speaks volumes about where things are heading. At some point the relative stability being maintained is going to crack and with it the facade of economic recovery built on lies and manipulation. It is sure to get bumpy when things come to a head, so if possible prepare now both mentally and materially.

    Also, continue to a comment at the end of the article for thoughts on the possible connection of the Strauss – Howe generational theory and Fourth Turnings to psychopathy and what role Vladimir Putin may play in what may turn out to be a Fourth Turning of the whole world.

    Comment: Strauss – Howe generational theory and Fourth Turnings is interesting to consider in light of the research done on the role of psychopathology in driving the ups and downs societies and the world has experienced. A specific excerpt from Political Ponerology (A Science on the Nature of Evil Adjusted for Political Purposes) by Andrew M. Lobaczewski helps explain the mechanism behind what Strauss and Howe uncovered with their generational theory and cycling in society:

    “From time immemorial, man has dreamed of a life in which his efforts to accumulate benefits can be punctuated by rest during which time he enjoys those benefits. He learned how to domesticate animals in order to accumulate more benefits, and when that no longer met his needs, he learned to enslave other human beings simply because he was more powerful and could do it.

    Dreams of a happy life of ‘more accumulated benefits’ to be enjoyed, and more leisure time in which to enjoy them, thus gave rise to force over others, a force which depraves the mind of its user. That is why man’s dreams of happiness have not come true throughout history: the hedonistic view of ‘happiness’ contains the seeds of misery. Hedonism, the pursuit of the accumulation of benefits for the sole purpose of self-enjoyment, feeds the eternal cycle where good times lead to bad times.

    During good times, people lose sight of the need for thinking, introspection, knowledge of others, and an understanding of life. When things are ‘good,’ people ask themselves whether it is worth it to ponder human nature and flaws in the personality (one’s own, or that of another). In good times, entire generations can grow up with no understanding of the creative meaning of suffering since they have never experienced it themselves. When all the joys of life are there for the taking, mental effort to understand science and the laws of nature – to acquire knowledge that may not be directly related to accumulating stuff – seems like pointless labor. Being ‘healthy minded,’ and positive – a good sport with never a discouraging word – is seen as a good thing, and anyone who predicts dire consequences as the result of such insouciance is labeled a wet-blanket or a killjoy.

    Perception of the truth about reality, especially a real understanding of human nature in all its ranges and permutations, ceases to be a virtue to be acquired. Thoughtful doubters are ‘meddlers’ who can’t leave well enough alone. ‘Don’t fix it if it ain’t broke.’ This attitude leads to an impoverishment of psychological knowledge including the capacity to differentiate the properties of human nature and personality, and the ability to mold healthy minds creatively.

    The cult of power thus supplants the mental and moral values so essential for maintaining peace by peaceful means. A nation’s enrichment or involution as regards its psychological world-view could be considered an indicator of whether its future be good or bad.

    During good times, the search for the meaning of life, the truth of our reality, becomes uncomfortable because it reveals inconvenient factors. Unconscious elimination of data which are, or appear to be, inexpedient, begins to be habitual, a custom accepted by entire societies. The result is that any thought processes based on such truncated information cannot bring correct conclusions. This then leads to substitution of convenient lies to the self to replace uncomfortable truths thereby approaching the boundaries of phenomena which should be viewed as psychopathological.”

    In such a situation as described above, in ‘good times’ where the majority of people lose the ability or caring to correctly weigh situations and the psychology of others objectively, the stage is set for psychopaths to infiltrate and degrade society. When this is allowed to happen, society degrades until a crisis point where normal people are then forced to learn the hard way a correct psychological world view. With this new psychological world view, the stage is set for drastic changes to be made, psychopaths to be removed from power and for the cycle as described with generational theory to start anew.

    What also needs to be considered is the possibility of the entire world experiencing a Fourth Turning. The world in the last 60 years has become interconnected and interdependent like never before in recorded history. Perhaps when the crisis phase truly hits it will be a fully worldwide phenomenon. In part 2 of the series (linked above), the author describes who in the United States might be the ‘Grey Champion’ to lead the United States during the upcoming crisis. If the crisis is seen as worldwide and as a worldwide phenomenon due to the world being interconnected, perhaps one individual will play the role of ‘Grey Champion’ for the entire world. If you are following recent news, then only one name sticks out as a possibility – Vladimir Putin. As we write, it looks as though Russia and Putin are set to change the face of the Middle East. Putin has used truth and logic to justify the recent actions in Syria and accomplish what looks to be the beginning stages of a sea change in the worldwide public’s perception of reality.

    http://www.sott.net/article/303398-Fourth-turning-Crisis-of-trust-Part-3

     

    5th October 2015 at 6:59 pm

  139. Backtable says:

    Putin knows the world’s central banks will default.

    When the European Central Bank does, he’ll play like Europe like a pair of 88s, deftly and with finesse, because he can. He’ll be able to project power into MENA at will because of its proximity to Russia, and Europe will be completely powerless to lift a single finger (in many ways they already are).

    He gets “The Friendship Pipeline” completed and secured across northern Syria and when it comes to selling energy to Europe, like Al Swearengen in Deadwood, it’ll be, “You don’t tell me how to talk in my own fuckin’ place. Now, here’s my counter offer to your counter offer – go fuck yourself.” Maybe not quite in those words. Then again…

    He also knows default will come to the US and that will mean even more opportunity for power projection in his neighborhood, i.e., The Ukraine, for starters.

    He’s got the savvy, the balls, and time on his side. And he proves that global politics isn’t for amateurs: You pull up to the playing field with a busload of pulpwood hammer throwers, or you get your clocked cleaned, right hard.

    And we’re fielding what? “Mr. Soft-serve…”?

     

    5th October 2015 at 7:40 pm

Leave a comment

You can add images to your comment by clicking here.