CHINA JUST SHIT THE BED

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

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China shit the bed overnight. The shit is now hitting the fan. Shit is fucked up and bullshit. I’m not shitting you.

Stock markets don’t fall by 8.5% in one day unless there is some major shit happening beneath the surface. A comparable drop in the US stock market would be 1,500 points. Do you think a few Wall Street assholes would shit their pants if that happened? Do you think there would be a few margin calls as that shitty scenario played out?

Here’s the deal. The Chinese authorities have attempted everything they could possibly do to stop their over-leveraged, over-bought, over-hyped, corrupt, fraudulent markets from falling. They have threatened imprisonment for selling, disallowed short selling, stopped allowing trading on thousands of company stocks, and propped up their markets with trillions of yuan poured into the gaping hole.

Between the end of June and early July, the Chinese government announced at least 40 measures to prop up the market, including an interest-rate cut by the central bank and establishing a stabilization fund to outright buy stocks. All together, Chinese authorities are estimated to have mobilized as much as 5 trillion yuan, almost 10% of the gross domestic product, to halt panic sales.

It’s all been for naught. Fear is now trumping greed. The infallibility of central bank manipulators is being revealed to be false. They are nothing but money printing academic fools doing the bidding of greedy bankers and corrupt politicians. This is only the beginning of the end. There are thousands of points to go, billions to vaporize, and millions of lives to be ruined.

Welcome to the Fourth Turning. No shit.

Chinese Stocks Suffer Second Biggest Crash In History, 1,500 Companies Halted Limit Down

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This was not supposed to happen.

After pledging, investing and otherwise guaranteeing the Chinese stock market to the tune of 10% of GDP, and intervening on at least 40 different occasions in the past month ever since China’s stock bubble burst in late June, with the subsequent crash nearly taking the Shanghai Composite red for the year, overnight China officially lost control for the second time, when after a weak start to the Monday trading session, things turned very ugly in the last hour, when the Shanghai Composite plunged by 8.48%, closing nearly at the lows, and tumbling some 345 points for its biggest one-day drop since February 2007 and its second biggest crash in history!

The selling was steady throughout the day, but spiked in the last hour on concerns China would rein in its market-supporting programs following IMF demands to normalize its relentless market intervention. According to Bloomberg’s Richard Breslow: “fear that the extraordinary support measures employed to hold up the market may be scaled back caused heavy afternoon selling resulting in a down 8.5% day.” Of course, one can come up with any number of theories to explain the plunge: for example the PBOC did not buy enough to offset the relentless selling.

 

The last thing the communist party and the PBOC wanted was another massive sell off after having not only fired the “bazooka” but come up with a different bazooka to halt “malicious sellers” virtually every day, including threats of arrest.

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NO!!!

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Posted on 5th July 2015 by Administrator in Economy |Politics |Social Issues

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Looks like the majority of Greeks are voting to say FUCK YOU to the EU bankers, tyrants, and corporate fascists. Of course, sometimes it doesn’t matter how the people voted. It’s who’s counting the votes.

Don’t let the MSM convince you this is no big deal. This is the first domino. Portugal, Spain, Italy, Ireland and France are also insolvent. German and French banks are loaded with Greek debt. A NO vote by the Greeks will give courage to people in Spain, Italy, Portugal, and Ireland to tell the bankers to go fuck themselves. 

This is likely to be a trigger event for the next phase of the Fourth Turning. The people versus the bankers and technocrats. Blood will start to spill. Wars will begin. Are you ready?

Greek Referendum Polls Close: “No” Seen Ahead By Most

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At 7pm local time the Referendum polls closed. Here is what the early forecasts predict:

  • A poll by GPO on Mega TV gave 51.5% in favor of “no” and 48.5% in for “yes”
  • Metron Analysis on Antenna TV showed “no” leading with 52% vs 48% for “yes”
  • MRB on Star TV showed “no” leading with 49%-54% vs 46%-51% for “yes”
  • Marc opinion poll for Alpha TV shows “no” ahead with 49.5%-54.5% vs 45.5%-50.5%

(live feed)

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CONSUMERS NOT FOLLOWING ORDERS

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Posted on 14th June 2015 by Administrator in Economy |Politics |Social Issues

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Last week the government reported personal income and spending for April. After months of blaming non-existent consumer spending on cold weather, shockingly occurring during the Winter, the captured mainstream media pundits, Ivy League educated Wall Street economist lackeys, and Keynesian loving money printers at the Fed have run out of propaganda to explain why Americans are not spending money they don’t have. The corporate mainstream media is now visibly angry with the American people for not doing what the Ivy League propagated Keynesian academic models say they should be doing.

The ultimate mouthpiece for the banking cabal, Jon Hilsenrath, who does the bidding of the Federal Reserve at the Rupert Murdoch owned Wall Street Journal, wrote an arrogant, condescending, putrid diatribe, directed at the middle class victims of Wall Street banker criminality and Federal Reserve acquiescence to the vested corporate interests that run this country. Here are the more disgusting portions of his denunciation of the formerly middle class working people of America.

We know you experienced a terrible shock when Lehman Brothers collapsed in 2008 and your employer responded by firing you. 

We also know you shouldn’t have taken out that large second mortgage during the housing boom to fix up your kitchen with granite counter-tops. 

You should feel lucky you’re not a Greek consumer.

Fed officials want to start raising the cost of your borrowing because they worry they’ve been giving you a free ride for too long with zero interest rates.

We listen to Fed officials all of the time here at The Wall Street Journal, and they just can’t figure you out.

Please let us know the problem.

The Wall Street Journal was swamped with thousands of angry responses from irate real people living in the real world, not the elite, QE enriched, oligarchs living in Manhattan penthouses, mansions on the Hamptons, or luxury condos in Washington, D.C. Hilsenrath presumes to know how the average American has been impacted by the criminal actions of sycophantic Ivy League educated central bankers and their avaricious Wall Street owners.

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LOOK!!! UP IN THE SKY

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Posted on 18th May 2015 by Administrator in Economy |Politics |Social Issues

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I don’t know anything about Martin Armstrong’s model. It is evidently an investment timing model based cycles he has figured out over time. His cycles seem to be in sync with the Fourth Turning cycle. The Fourth Turning regeneration moment has yet to occur. Armstrong’s model predicts a major crash sometime around September 2015 which will begin a dangerous phase that will begin the violent portion of this Fourth Turning. Nothing gets resolved until the 2020’s. Humans never change. The human life cycle never changes. Human faults and strengths never change. The human need to be part of the herd never changes. The fact that the herd is always wrong is always ignored by the majority until it is too late. Humans never learn.

“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.” – Aldous Huxley

 

Guest Post by Martin Armstrong

Milgram-Experiment

We all have our individual cycles of life. As we grow older we hopefully learn from our mistakes. We will buy the high as we get caught up and see the herd is all buying and that creates confidence to rush in and buy the high. If you are smart, you will then realize that the herd is always wrong. With experience, you will become the person who sells the high when the others rush in to buy the top. We are hard-wired to also act as a herd and some of us will never learn, which is the majority. In 1968, the social psychologists Stanley Milgram, Leonard Bickman, and Lawrence Berkowitz decided to test the herd instinct in humans and put a single person on a street corner and had him look up at an empty sky for sixty seconds. A tiny fraction of the passing pedestrians stopped to see what the guy was looking at, but most just walked past. Next time around, the psychologists put five skyward-looking men on the corner. This time, four times as many people stopped to gaze at the empty sky. When the psychologists put fifteen men on the corner, 45 percent of all passers by stopped, and increasing the cohort of observers yet again made more than 80 per cent of pedestrians tilt their heads and look up.

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JUST BEFORE THE LAST FOURTH TURNING

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Posted on 29th April 2015 by Administrator in Economy |Politics |Social Issues

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Via Knuckledraggin


BURN IT DOWN

21 comments

Posted on 18th March 2015 by Administrator in Economy |Politics |Social Issues

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It seems things are falling apart across Europe. I guess this means the little people aren’t all that happy with the ECB solution of saving bankers and billionaires while throwing them under the bus. The barbed wire is a nice touch by the German security forces. I understand they are very good at using barbed wire to control the population. Europe will burn. War is inevitable. The debt house of cards is crumbling. The people are angry. Revolution is in the air. Burn it to the ground. Aren’t Fourth Turnings fun?

Violent Clashes Break Out Next To New ECB Headquarters In Frankfurt As Thousands Protest Austerity: Live Webcast

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It’s not just Greece which is protesting the utter lack of reforms enabled by the ECB known as “austerity” – as of today so is Germany itself with the so-called #Blockupy movement. According to local media reports, the start of anti-austerity rallies in Frankfurt coincided with the European Central Bank opening its new headquarters, whose occupants are now besieged by tens of thousands of protesters, so perhaps #OccupyQ€ would have been more appropriate. Police said they expect around 10,000 anti-capitalist protesters, marching under the banner of leftist alliance Blockupy, to attend the rally, with a march through the city planned for later in the evening. The result is what according to a police spokesman “is one of the biggest deployments ever in the city.

As the photos below shows, several police cars have been set on fire, with windows being smashed and demonstrators throwing stones at police ahead of the massive demonstration on Wednesday, and as riots break out across Frankfurt even as thousands of police respond with water cannon, pepper spray and mass arrests.

View image on Twitter

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Russia Escalates Military Posture: Deploys Strategic Bombers To Crimea, Launches Massive Drills Across Nation

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Posted on 17th March 2015 by Administrator in Economy |Politics |Social Issues

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Fourth Turnings lead to total war. Remember that.

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All those who were wondering where Putin had “disappeared” to, and spreading rumors whether it was more likely his girlfriend had given birth in Switzerland or aliens had abducted him, will probably be satisfied if he were to promptly disappear once more following news that not only yesterday had he put 40,000 troops on full alert as part of “snap-readiness exercises”, but less than 24 hours followed this up with even more demonstrative military “drills” after Sputnik reported that Russian strategic Tu-22M3 (Backfire) strike bombers have been deployed to the Crimean Peninsula to hold snap combat readiness drills, a source in the Russian Defense Ministry said Tuesday, in addition to further massive troops and equipment deployment tests in the western part of the nation as well as around the Arctic circle.

As a reminder, Crimea was recently in the news following a weekend report citing Putin that he was ready to use nukes to secure the recently repossessed peninsula. So one can perhaps look at this as de-escalation.

“During the snap combat readiness drills by the Armed Forces, strategic Tu-22M3s will be deployed to Crimea,” the source said.

Then, perhaps to counter the build of NATO troops in the Baltics, Russia also deployed fighters and bombers to the country’s western exclave of Kaliningrad for snap combat readiness exercises, a source in the Russian Defense Ministry said Tuesday.

“Fighter and bomber aviation is to be redeployed to the Kaliningrad Region, and ground troops on the Baltic will be reinforced with Iskander missile complexes in the Western Military District that will be delivered on large landing ships from the Baltic Fleet,” the source said.

On Monday, President Vladimir Putin gave the order to bring Russia’s Northern Fleet, separate units of the Western Military District and the Airborne Troops to full alert in snap combat readiness exercises. The drills involve a total of 38,000 troops, 3,360 military vehicles, 110 aircraft and helicopters, 41 ships and 15 submarines.

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Neil Howe: What To Expect From The Fourth Turning We’re Now In

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Posted on 16th March 2015 by Administrator in Economy |Politics |Social Issues

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Neil thinks the Shit will hit the fan within the next 18 months. Take note. He is not the chicken little type. He’s a sober realist.

Submitted by Adam Taggart via PeakProsperity.com,

Neil Howe demographer and co-authour of the book The Fourth Turning returns to the podcast this week. In our prior interview with him, we explored his study of generational cycles (“turnings”) in America which reveal predictable social trends that recur throughout history and warn of a coming crisis (a “fourth turning”) based on this research.

Fourth turnings are characterized by a growing demand for social order, yet supply of it remains weak. The emergence of the surveillance state, a perpetual war machine, increased intervention in the markets by the central planners, greater government control of critical systems like health care and the Internet — all of these are classic signs that we are well into a fourth turning now:

In the fourth turning, the supply of order is still absent that the demand for order grows. So we now have a demand for order and no supply. That creates the unusual dynamics of a fourth turning — kind of like we had in the 1930’s. People suddenly feel that no one is in control and that enormous events are overtaking their society which no one of leadership age has any idea how to confront or how to manage. And it goes without saying today we look up to Gen Xers and Boomers and we see leaders who couldn’t organize their way out of a shoe box. I live in the Washington DC area and the government and Congress literally does nothing. All they do is argue and fight and nothing gets done in this city. It’s amazing, and a great testament to the power of institutional inertia that things keep moving forward in some manner. There is this great unsettled feeling we have that there is a rudderless ship that we’re on where no one knows where it is going. We see dangers that we seem paralyzed and unable to respond to.

 

History’s fourth turnings are full of Hobson’s choices, full of grim choices. I think that the what the Fed got into — back in 2000 as well 2009, 2010 and then with QE — they got into that with a feeling of they had no choice; this is crisis intervention. And crisis intervention became a habit. And ultimately we got here not because anyone kind of wanted it to happen, we just ended up here. And this is the same way it was back in the 1930’s: the same thing was true about the New Deal. The New Deal was nothing but a thorough perversion of market choices. The New Deal was nothing if not for the picking of winners and losers throughout the economy. Throughout the world at that time, that was an era of competitive devaluation. Global trade shrank down to a fraction of what it was back in the 20’s. Each country was making a decision which felt to it like survival, and nations were taking enormous collectivist measures with their economies as we were here in our own economy. And that is where we are today. I guess what I am saying is I am not surprised we are at this point. I just think that the full consequences of it have not yet been fully perceived, and I think they will be when the financial markets ultimately reflect the damage that has been done to the economy as a whole. And I think that will happen probably over the next year and a half — if it even takes that long.

 

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FOURTH TURNING – THE SHADOW OF CRISIS HAS NOT PASSED – PART FOUR

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Posted on 12th February 2015 by Administrator in Economy |Politics |Social Issues

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In Part One of this article I explained the model of generational theory as conveyed by Strauss and Howe in The Fourth Turning. In Part Two I provided an overwhelming avalanche of evidence this Crisis has only yet begun, with debt, civic decay and global disorder propelling the world towards the next more violent phase of this Crisis. In Part Three I addressed how the most likely clash on the horizon is between the government and the people. War on multiple fronts will thrust the world through the great gate of history towards an uncertain future.

War on Multiple Fronts

“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward ratchet in the technology of destruction, and in mankind’s willingness to use it.” – Strauss & Howe – The Fourth Turning

The drumbeats of war are pounding. Sanctions are implemented against any country that dares question American imperialism (Russia, Iran). Overthrow and ignominious imprisonment or death awaits any foreign leader questioning the petrodollar or standing in the way of America spreading democracy (Iraq, Libya, Syria, Ukraine, Egypt). The mega-media complex of six corporations peddle the government issued pabulum about ISIS being an existential threat to our freedoms; Russia being led by the new Hitler and poised to take over Europe; Syria gassing innocent women and children; and Iran only six months away from a nuclear bomb (they’ve been six months away for the last fourteen years). Hollywood does their part with patriotic drivel like American Sniper, designed to compel low IQ unemployed American youths to swell with pride and march down to enlistment centers, located in our plentiful urban ghettos.

The most disconcerting aspect of Fourth Turnings is they have always climaxed with total destructive all-out war. Not wars to enrich arms dealers like Iraq, Afghanistan, and Syria, but incomprehensibly violent, brutal, wars of annihilation. There are clear winners and losers at the conclusion of Fourth Turning wars. Leaders mobilize all forces, refuse to compromise, define their enemies in moral terms, demand sacrifice on the battlefield and home front, build the most destructive weapons imaginable, and employ those weapons to obtain victory at any cost.

It may seem inconceivable that war on such a scale will happen within the next ten years, but it was equally inconceivable in 1936 that 65 million people would die in the next ten years during World War II. We valued all the wrong things and made all the wrong choices leading up to this Crisis and during the early stages of this Crisis. The accumulation of unmet obligations, unpaid bills, un-kept promises and unresolved issues will provide the fuel for an upheaval that will shake our society to its core and transforms the country’s direction for the next sixty years. The outcome of the conflict could be tragedy or triumph. Our choices will make a difference.

There will be war on many fronts, and they have already begun. The culmination will likely be World War III, with the outcome highly uncertain and potentially disastrous.

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QUOTES OF THE DAY

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Posted on 12th February 2015 by Administrator in Economy |Politics |Social Issues

“History offers no guarantees. If America plunges into an era of depression or violence which by then has not lifted, we will likely look back on the 1990s as the decade when we valued all the wrong things and made all the wrong choices.” – Strauss & Howe – The Fourth Turning

“The seasons of time offer no guarantees. For modern societies, no less than for all forms of life, transformative change is discontinuous. For what seems an eternity, history goes nowhere – and then it suddenly flings us forward across some vast chaos that defies any mortal effort to plan our way there. The Fourth Turning will try our souls – and the saecular rhythm tells us that much will depend on how we face up to that trial. The saeculum does not reveal whether the story will have a happy ending, but it does tell us how and when our choices will make a difference.”  – Strauss & Howe – The Fourth Turning

“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

“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward ratchet in the technology of destruction, and in mankind’s willingness to use it.” – Strauss & Howe – The Fourth Turning


FOURTH TURNING – THE SHADOW OF CRISIS HAS NOT PASSED – PART THREE

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Posted on 11th February 2015 by Administrator in Economy |Politics |Social Issues

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In Part One of this article I attempted to illuminate the concept of generational theory as articulated by Strauss and Howe in The Fourth Turning.  In Part Two I provided proof this Crisis is far from over, with ever increasing debt, civic decay and global disorder propelling the world towards war.

Seeds of Crisis & War

“The seasons of time offer no guarantees. For modern societies, no less than for all forms of life, transformative change is discontinuous. For what seems an eternity, history goes nowhere – and then it suddenly flings us forward across some vast chaos that defies any mortal effort to plan our way there. The Fourth Turning will try our souls – and the saecular rhythm tells us that much will depend on how we face up to that trial. The saeculum does not reveal whether the story will have a happy ending, but it does tell us how and when our choices will make a difference.”  – Strauss & Howe – The Fourth Turning

When you accept the fact history is cyclical and continuous linear progress is not what transpires in the real world, you free yourself from the mental debilitation of normalcy bias and cognitive dissonance. Things do get worse. There are dark periods of history and they recur on a regular cycle. And we are in the midst of one of those dark periods. This Crisis will not be resolved without much pain, sacrifice, bloodshed, and ultimately war. Catastrophe is a strong possibility. The core elements of this Crisis – debt, civic decay, global disorder – are coalescing into a perfect storm which will rage for the next ten to fifteen years. The rhythms of history only provide a guidepost of timing, while the specific events and outcomes are unknowable in advance. The regeneracy of society into a cohesive, unified community, supporting the government in a collective effort to solve society’s most fundamental problems seems to have been delayed. Or has it?

Maybe the answer can be found in the resolution of the last Fourth Turning. The seeds of the next crisis are always planted during the climax of the previous crisis, when the new social order is established. The American Revolution Crisis created a new nation, but left unresolved the issue of slavery. This seed grew to become the catalyst for the Civil War Crisis. The resolution of the Civil War Crisis greatly enhanced the power of the central government, while reducing the influence of the States. The rise of central authority led to the creation of the Federal Reserve, the implementation of income taxes to fund a vastly larger Federal government and the belief among the political class that America should intervene militarily in the affairs of other countries. The Great Depression was created by the monetary policies of the Federal Reserve; the New Deal programs were a further expansion of Federal government; FDR outlawed the ownership of gold; and America’s subsequent involvement in World War II created a military and economic superpower.

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FOURTH TURNING – THE SHADOW OF CRISIS HAS NOT PASSED – PART TWO

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Posted on 10th February 2015 by Administrator in Economy |Politics |Social Issues

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In Part One of this article I laid the groundwork of the Fourth Turning generational theory. I refuted President Obama’s claim that the shadow of crisis has passed. The shadow grows ever larger and will engulf the world in darkness in the coming years. The Crisis will be fueled by the worsening debt, civic decay and global disorder. I will address these issues in this article.

Debt, Civic Decay & Global Disorder

The core elements propelling this Crisis – debt, civic decay, and global disorder – were obvious over a decade before the financial meltdown catalyst sparked this ongoing two decade long Crisis. With the following issues unresolved, the shadow of this crisis has only grown larger and more ominous:

Debt

  • The national debt has risen by $7 trillion (64%) to $18.1 trillion since 2009 and continues to accelerate by $2.3 billion per day, on track to surpass $20 trillion before Obama leaves office and $25 trillion by 2019.

  • The national debt as a percentage of GDP is currently 103% (it would be 106% if the BEA hadn’t decided to positively “adjust” GDP up by $500 billion last year). It is on course to reach 120% by 2019. Rogoff and Reinhart have documented the fact countries that surpass 90% experience economic turmoil, decline, and ultimately currency collapse and debt default.
  • Despite the housing collapse and hundreds of billions in mortgage, credit card, auto, and corporate debt being written off, dumped on the backs of taxpayers and hidden on the Federal Reserve balance sheet, total credit market debt has reached a new high of $58 trillion.

  • Harvard professor Laurence Kotlikoff has been a lone voice telling the truth about the true level of unfunded promises hidden in the CBO numbers. The unfunded social welfare liabilities in excess of $200 trillion for Social Security, Medicare, Medicaid, and Obamacare are nothing but a massive future tax increase on younger and unborn generations. Kotlikoff explains what would be required to pay these obligations:

To honor these obligations we could (a) raise all federal taxes, immediately and permanently, by 57%, (b) cut all federal spending, apart from interest on the debt, by 37%, immediately and permanently, or (c) do some combination of (a) and (b).”

The level of taxation and/or Federal Reserve created inflation necessary to honor these politician promises is too large to be considered feasible. Therefore, these promises, made to get corrupt political hacks elected to public office, will be defaulted upon.

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