WHAT WOULD COOL HAND LUKE & VIRGIL HILTS DO?

“Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!”Patrick Henry

Hilts in The Great Escape | BAMF Style

“If ever a time should come, when vain and aspiring men shall possess the highest seats in Government, our country will stand in need of its experienced patriots to prevent its ruin.”Samuel Adams

After observing the reaction of the America people, over the last two months, to a virus that will not kill 99.97% of them, I wondered how could a country created upon the blood and courage of patriot farmers and leaders who knew they would hang if their revolution failed, have degenerated into an infantilized nation of obedient slaves to un-Constitutionalized authoritarianism. It saddens me that a country borne by revolutionary means against an overbearing authoritarian monarchy has turned into a nation of bed-wetters curled up in their basements sucking their thumbs, begging government overlords to protect them from a virus.

I guess it shouldn’t be surprising after decades of government public school indoctrination where U.S. History facts have been usurped by feelings, diversity and gender agendas pushed by less than mediocre teachers. Government controlled education hasn’t taught children to think critically or question authority, but to obey rules and allow emotions to drive their actions. When multiple generations have been programmed to feel, rather than think, using panic and fear to make them do as they are told isn’t a difficult task. This pandemic reaction is a testament to their decades long propaganda and misinformation campaign. Rather than developing herd immunity the country developed a herd mentality.

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2020 – YEAR OF LIVING DANGEROUSLY (PART TWO)

In Part One of this article I detailed my inability to predict the timing of events during this Fourth Turning, while maintaining the catalysts of debt, civic decay, and global disorder continue to drive the world towards a cliff.

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“Every schoolchild will know what happened next, from the Oh-Ohs to the 2020s, as the Fourth Turning unfolded—but academics will surely debate how and why it came to pass. In his history, this great-great-grandson of today’s baby girl will reflect on what the Fourth Turning came to mean for his own time and generation. His history is not yet written. What will it be?”Strauss & Howe

The Trump team is now poised to go on the offensive as this Constitutional crisis intensifies and hurtles towards a violent conclusion. Barr and Durham are busy building a case against the Obama administration and their illegal activities before and after the election. As the election approaches and Durham concludes his investigation, indictments handed down on Clapper, Brennan, Comey or any of the other conspirators would lead to turmoil not seen since the Civil War. No matter the result of the upcoming election, neither side will accept the outcome.

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2020 – YEAR OF LIVING DANGEROUSLY

“A shocking crime was committed on the unscrupulous initiative of few individuals, with the blessing of more, and amid the passive acquiescence of all.”

Tacitus, Publius Cornelius

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The shocking crime being committed during this century under the unscrupulous initiative of a few evil men is ongoing and no longer hidden from those willing to open their eyes and see the truth. As conspiracy theorists have proven to be right through the sacrifice of Snowden, Assange, and other patriots for truth, the Deep State psychopaths have double downed and are blatantly flaunting their power and control over the levers of government, finance and media.

Never in the history of mankind have such devious, unscrupulous, arrogant, narcissistic and downright evil men seized hegemony over global finance, trade and politics. A minority of billionaire oligarchs and their highly compensated apparatchiks, ingrained in government bureaucracies, surveillance agencies and media outlets refuse to relinquish their dominance and would rather burn the world to the ground than lose their ill-gotten riches, un-Constitutional power and unlawful control.

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“If Assets Remain Correlated, They’ll Be A Depression”: Ray Dalio Says QE4 Just Around The Corner

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CNBC’s Andrew Ross Sorkin and Becky Quick, donning their finest goose down bubble coats to remind viewers they’re reporting live from scenic Davos, generously took some time out of their busy schedules to chat with Ray Dalio on Wednesday and unsurprisingly, the “zen master” again predicted the Fed will reverse course and embark on more QE.

Dalio begins by noting that the Fed’s move to inflate financial assets by pumping money into the system means there’s an “asymmetric risk on the downside.”

The rationale is simple: the trillions in fungible, excess cash the Fed unleashed in the wake of the crisis has driven asset prices into bubble territory and at this juncture, there’s essentially nowhere to go but down.

That, Dalio says, will create a “negative wealth effect”, the opposite of Bernanke’s infamous virtuous circle wherein Americans would supposedly spend more and thus boost the economy if only the Fed could repair the damage their 401ks suffered in 2008.

In short, Dalio reiterated his contention that the Fed will ultimately be forced into QE4 and that the much ballyhooed tightening cycle will essentially amount to a one-off, “just to show you we could do it,” blip on the ZIRP radar screen. “Every country in the world needs easier monetary policy,” Dalio said, before noting that central banks now have less room to ease. He made similar comments in September of last year in an interview with Bloomberg TV.

Dalio also said he’s concerned that the Fed isn’t concerned. When Becky Quick suggested the FOMC is more vigilant than the market might think, Dalio responded with this: “I hope you’re right.”

As for the fact that the historical relationships between asset classes (volatilities and correlations) that are used to construct optimal “risk-parity” funds in order that ‘risk’ is balanced and hedged across bonds and stocks have all broken down dramatically causing funds like Bridgewater’s vaunted “All Weather” portfolio to sink, Dalio warned that if assets remain correlated and things continue to move in the “wrong” direction, “they’ll be a depression.”

That, he concluded, is why MOAR QE, and thus a return to the “full-Krugman” regime, is a virtual certainty.

So much for the “beautiful deleveraging.”


DEJA VU ALL OVER AGAIN

Janet Yellen will increase interest rates for the first time in nine years on Wednesday. She isn’t raising them because the economy is strengthening. The economy just happens to be weakening rapidly, as global recession takes hold. The stock market is 3% lower than it was in December 2014, and has basically done nothing since the end of QE3. Wall Street is throwing a hissy fit to try and stop Janet from boosting rates by an inconsequential .25%. Janet would prefer not to raise rates, but the credibility and reputation of her bubble blowing machine is at stake. The Fed has enriched their Wall Street benefactors over the last six years, while destroying the real economy and the middle class.

The quarter point increase will be reversed in short order as soon as we experience market collapse part two. It will be followed with negative interest rates and QE4, as these academics have only one play in their playbook – print money. They created the last financial crisis and have set the stage for the next – even bigger collapse. John Hussman explains how their zero interest rate policy has driven speculators into junk bonds as the only place to get any yield.

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THEY’RE GONNA NEED A BIGGER BALANCE SHEET

Driving home from work on Friday night I found it terribly amusing listening to the “business journalists” on the local news station trying to explain the 531 point plunge in the Dow and the 1,105 point plummet from the Tuesday high. The job of these faux journalist mouthpieces for the status quo is not to report the facts, analyze the true factors underlying the market, or seek the truth. Their job is to calm the masses, keep them sedated, and paint the rosiest picture possible.

The brainless twit who reported the stock market bloodbath immediately went into the mode of counteracting the impact of what was happening. She said the market is overreacting, as the country has strong job growth, low inflation, a strongly recovering housing market, and an improving economy. The fact that everything she said was a complete and utter falsehood was exacerbated by her willful ignorance of the Fed created bubble leading to the most overvalued stock market in history. How can these people pretend to be business journalists when they haven’t got a clue about stock market valuations and just say what they are told to say?

Anyone who listens to a mainstream media pundit, talking head, or spokes bimbo deserves the reaming they are going to receive. They are paid to lie, obfuscate, spin, and propagandize on behalf of their corporate media executives, who are beholden to Wall Street bankers, mega-corporations, and the government for their advertising dollars. The mainstream media is nothing but entertainment for the masses, part of the bread and circuses designed to distract the dumbed down, iGadget addicted, ignorant masses.

The entire stock market bubble has been created and sustained by the Federal Reserve and their QE and ZIRP schemes to prop up insolvent Wall Street banks, enrich corporate executives, and produce the appearance of a recovering economy. The wealth was supposed to trickle down to the masses, but the trickle has been yellow in appearance and substance. The average American is far worse off today than they were in 2007, with the Greater Depression Part 2 underway.

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CAN THE WALL STREET SHARKS KEEP SWIMMING WITHOUT QE?

Grandma Yellen is supposed to announce the end of QE this afternoon. We all know that sharks have to keep swimming, or they die. We also know that insolvent Too Big To Trust Wall Street mega-banks need QE, or they die. The entire false recovery since 2009 has been built upon a $4.5 trillion mountain of debt sitting on the Federal Reserve balance sheet. They are leveraged 75 to 1. Lehman and Bear Stearns were leveraged 30 to 1 when they failed and brought down the financial house of cards.

Our entire economic system is dependent upon an ever increasing level of debt. How long before the Wall Street sharks throw a hissy fit and threaten to bring down the financial system again unless they get some QE4?

And how many minutes before Grandma Yellen obeys her bosses and complies?