Panic – The Burning Platform

ILLEGITIMATE PRESIDENT

“Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats.” – H.L. Mencken

It’s now almost two weeks since the most crooked, rigged, fraudulent election in U.S. history. The engineered elevation of a handsy, sniffy, senile, empty portal, trojan horse by billionaire oligarchs, their Silicon Valley techno-geek social media censorship police, and the corporate media propaganda mouthpieces looks like it might succeed. Republican cucks like Romney and even the pliable Fox News talking heads have acquiesced to this third attempt during this ongoing coup like obedient lapdogs positioning themselves to profit from doing the bidding of their global oligarch masters.

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Make no mistake. There was a master plan implemented by dark forces to steal this election, overriding the will of the American people. The anger of 70 million Americans is perfectly captured in the above quote from Mencken. If Trump and his allies are unable to prove fraud and overturn this sham of an election, myself and millions more will treat the Kamala Harris administration as illegitimate and do everything in our power to resist and insure its failure.

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BURNING DOWN THE HOUSE

Watch out you might get what you’re after

Hold tight wait till the party’s over
Hold tight We’re in for nasty weather
There has got to be a way
Burning down the house

Talking Heads – Burning Down the House

“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 risk of catastrophe is high during the climax phase of a Fourth Turning. The John Hopkins Covid-19 Dashboard above appears to portray a global catastrophe. We are in the midst of a catastrophe, but it isn’t this Chinese bio-lab virus creating the catastrophe. The catastrophe is once again being created by the Federal Reserve, their Wall Street owners, corrupt politicians, and authoritarian bureaucrats. We are burning down our house with formerly working Americans still inside.

The graphic from John Hopkins is a perfect example of globalist produced propaganda that would make Edward Bernays so proud. There are 7.8 billion people on the planet and the Covid-19 graphic gives the impression 7.5 billion people have it. The entire U.S. is covered in blood red, as if the country is being overwhelmed in disease. Of course that narrative is entirely false.

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The Global Run On Physical Cash Has Begun: Why It Pays To Panic First

Submitted by Tyler Durden on 02/27/2016 18:55 -0500

Back in August 2012, when negative interest rates were still merely viewed as sheer monetary lunacy instead of pervasive global monetary reality that has pushed over $6 trillion in global bonds into negative yield territory, the NY Fed mused hypothetically about negative rates and wrote “Be Careful What You Wish For” saying that “if rates go negative, the U.S. Treasury Department’s Bureau of Engraving and Printing will likely be called upon to print a lot more currency as individuals and small businesses substitute cash for at least some of their bank balances.”

Well, maybe not… especially if physical currency is gradually phased out in favor of some digital currency “equivalent” as so many “erudite economists” and corporate media have suggested recently, for the simple reason that in a world of negative rates, physical currency – just like physical gold – provides a convenient loophole to the financial repression of keeping one’s savings in digital form in a bank where said savings are taxed at -0.1%, or -1% or -10% or more per year by a central bank and government both hoping to force consumers to spend instead of save.

For now cash is still legal, and NIRP – while a reality for the banks – has yet to be fully passed on to depositors.

The bigger problem is that in all countries that have launched NIRP, instead of forcing spending precisely the opposite has happened: as we showed last October, when Bank of America looked at savings patterns in European nations with NIRP, instead of facilitating spending, what has happened is precisely the opposite: “as the BIS have highlighted, ultra-low rates may perversely be driving a greater propensity for consumers to save as retirement income becomes more uncertain.”

Call it another massive error on behalf of Keynesian central planners who once again fail to appreciate the nuances of the common sense and the liquidity preference of ordinary consumers.

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Lines Around The Block To Buy Gold In London; Banks Placing “Unusually Large Orders For Physical”

Submitted by Tyler Durden on 02/11/2016 12:16 -0500

This is the best quarterly performance for Gold in 30 years…

And as Mike Krieger of Liberty Blitzkrieg blog details, physical demand is soaring…

First, let’s look at the improved fundamentals. Gold bugs will exasperatingly proclaim that fundamentals have been great for the past four years yet the price plunged anyway, so who cares about fundamentals? To this I would respond with two observations. First, large institutional investors and sovereign wealth funds have been anticipating a rate hike cycle for a very long time now. They didn’t know when, but they expected it. The fact that the gold bugs never believed this is irrelevant; what matters is that big money believed it, and it was perceived to be very gold negative. In their minds, this anticipated rate hike cycle would confirm that things were getting back to normal, and if things are normal you don’t need to own gold, right?

The problem is that this assumption is quickly being called into question. Sure the Fed hiked rates once, but it is starting to look more and more like a policy error. Meanwhile, other major central banks around the world are going in the opposite direction, toward negative rates. I am a huge believer in market psychology, and the psychology dominating the minds of most institutional investors over the past few years has been that things were slowly getting back to normal. This has weighed on institutional demand for gold in a big way, and been a meaningful factor in the bear market (manipulation aside). If this psychology shifts, the shift back into gold could be very meaningful.

While that backdrop is interesting in its own right, what may make the move into gold that much more explosive is the lack of alternative investments…

– From the February 3, 2016 post: GOLD – It’s Time to Pay Attention

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WAR OF THE WORLDS

“We know now that in the early years of the twentieth century this world was being watched closely by intelligences greater than man’s and yet as mortal as his own. We know now that as human beings busied themselves about their various concerns they were scrutinized and studied, perhaps almost as narrowly as a man with a microscope might scrutinize the transient creatures that swarm and multiply in a drop of water. With infinite complacence men went to and fro over the earth about their little affairs … In the thirty-ninth year of the twentieth century came the great disillusionment. It was near the end of October. Business was better. The war scare was over. More men were back at work. Sales were picking up.” – Opening monologue of War of the Worlds broadcast – October 30,1938

It was 77 years ago this week that Orson Welles struck terror into the hearts of Americans with his live radio broadcast of the HG Wells classic War of the Worlds. The broadcast began at 8:00 pm on Mischief Night 1938. As I was searching for anything of interest to watch the other night on the 600 cable stations available 24/7, I stumbled across a PBS program about Welles’ famous broadcast. As I watched the program, I was struck by how this episode during the last Fourth Turning and how people react to events is so similar to how people are reacting during the current Fourth Turning. History may not repeat exactly, but it certainly rhymes.

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Wall Street Prepares To Reap Billions From Another Main Street Wipe Out

Submitted by Tyler Durden on 07/21/2015 22:00 -0400

On Monday evening, we noted that market participants are reducing the size of their trades and turning to derivatives in order to avoid the perils associated with what are increasingly illiquid markets.

While we’ve been pounding the table on bond market liquidity for years, the rest of the world (operating on the standard 2-3 year time lag) has just begun to wake up to how thin markets have become. Now, pundits, analysts, billionaire bankers, and incorrigible corporate raiders alike are shouting from the rooftops about the pitfalls of illiquidity. The secondary market for corporate credit has received the lion’s share of the attention (for reasons we outlined yesterday) and as Carl Icahn was at pains to explain to Larry Fink last week, ETFs are a large part of the problem.

The story is simple. Shrinking dealer inventories (the result of a post-crisis regulatory regime wherein the term “prop trader” is taboo) have made it harder to transact in size without having an outsized effect on prices for corporate bonds. Meanwhile, artificially suppressed borrowing costs and the attendant hunt for yield have led to record corporate issuance and voracious investor demand. In short, the primary market is booming while the secondary market has become a veritable no man’s land. If you need an analogy, try this: the crowded theatre is getting larger and more crowded while the exit keeps getting smaller.

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