“This country, and with it most of the Western world, is presently going through a period of inflation and credit expansion. As the quantity of money in circulation and deposits subject to check increases, there prevails a general tendency for the prices of commodities and services to rise. Business is booming. Yet such a boom, artificially engineered by monetary and credit expansion, cannot last forever. It must come to an end sooner or later. For paper money and bank deposits are not a proper substitute for non-existing capital goods. Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.” – Ludwig von Mises – 1952
As the von Mises quote proves, economic cycles, artificial booms created by Federal Reserve easy money and delusional human nature are cyclically constant across the decades. Anyone with an ounce of critical thinking skills realizes the current artificial boom, created by a feckless Fed captured by Wall Street banks and corrupt Washington politicians who took Dick Cheney’s “deficits don’t matter” mantra to obscene levels, will end in another financial crisis. Our Deep State controllers have “solved” a financial crisis caused by too much debt by tripling down on more debt.
The current artificial boom would have ended in 2018, but Trump’s massive tax cut for corporations, who used their windfall to buy back their stock at all-time highs, and reckless government spending increases directly into the pockets of the military industrial complex, gave the GDP one final burst. Pumping adrenaline into a patient with cancer will also give the patient a momentary appearance of health, but the cancer continues to grow.
The highly educated IYI MBAs running companies like General Electric and GM wasted tens of billions in shareholder funds buying back stock at prices far higher than their current price, putting their companies in danger of bankruptcy. A large proportion of S&P 500 companies have also committed this same outrageously idiotic greedy act. This is exactly what happened from 2005 through 2007 before the last financial collapse. It seems greedy CEOs always put their own personal wealth ahead of their shareholder’s wealth, as their compensation is dependent upon earnings per share.
As the propaganda peddling cheerleaders on financial networks and in the bird cage lining financial press tout stocks at all-time high valuations and parrot bullshit about the “best economy ever”, the average American has seen their real wages stagnant going on a 3rd decade, as their debt levels reach all-time highs. The faux prosperity has been illusory, unless you are in the .01%, a corrupt politician, a government apparatchik, or a Deep State mouthpiece. If I wasn’t such a trusting soul, I might conclude financial crisis is used by the wealthy to get wealthier.
When the fake news networks proclaim the economy can grow for many more years and the stock market will surely hit 30,000 in 2019, remember the simple chart below. It shows the U.S. stock market and recessions going all the way back to 1871. Over the last 147 years, recessions are a fairly regular occurrence, but since 1950 the country has only been in recession 15% of the time.
The arrogant academics running the Federal Reserve believe they can manipulate the levers of monetary policy to control the direction of the economy. Their hubris is always revealed when their easy money machinations blow up and lead to economic hardship for the masses. Every time.
To me, the most interesting aspect of the graph is the amount of time between recessions. It seems, in the history of the country, the longest we have ever gone without a recession was ten years. It has happened twice (1961 to 1971) and (1991 to 2001). We are now in year nine of economic advancement (at least for the .01%). Based on history the odds of recession in the next year would appear to be high. No one in the fake news media will provide these facts because they know stocks crash whenever a recession comes our way. The Fed is always surprised by recessions, financial crisis, and the busts created by their own policies.
With interest rates at still emergency low levels, government deficits over $1 trillion, consumer debt at all-time highs, stagnant real wages for real people, housing bubble 2.0 bursting, subprime auto bubble bursting, weak corporations saturated with debt, peak corporate earnings and a stock market still 50% overvalued based upon all long-term valuation measures, only a Wall Street shyster, Ivy League academic, or a bubble headed financial news network spokes-model can’t see recession and stock market crash dead ahead. The masses are about to find out again you can’t spend your way out of a recession or borrow your way out of debt.
Economic history is littered with the bodies of those who declared this time was different. If you think the economy will continue to grow for another few years based upon your belief in the brilliance and infallibility of the Fed, just remember their prescience as the last financial crisis was already in progress:
“The Federal Reserve is not currently forecasting a recession.”- Bernanke – January 10, 2008
“The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.”– Bernanke – June 9, 2008
“The GSEs are adequately capitalized. They are in no danger of failing.”– Bernanke – July 20, 2008
The tide is going out and we’re about to see who has been swimming naked. This next recession will not be reversed by running $3 trillion deficits and the Fed driving rates negative. The next recession won’t end until Americans learn how to live on what they’ve got. It will be a profoundly earth shattering experience for a delusional populace. Hopefully, they will realize the true culprits and inflict justice on the financial criminals who escaped unscathed after their last criminal escapade. Time is growing short. The next crisis will define our nation going forward.
Buying back their shares at idiotic prices was idiotic? I think it’s planned. They will be bailed out if necessary and out of the ruins will rise ever more persistent and entrenched monopolies.
“If I wasn’t such a trusting soul, I might conclude financial crisis is used by the wealthy to get wealthier.”
OMG, of course that is it. What did Jefferson say about debt and standing armies yadda yadda yadda?
If recessions come every 10 years or so, we would have one right about now no matter what was done, correct?
“Blah”, You think it was planned? Your intuition is right on! Read the Rothschild occult mistress, Ayn Rand’s “Atlas Shrugged”. It’s the manual for the NWO, and the goal is to purposely burn down their own corporations so they can provide the solution. Total global enslavement.
People doing Traditional Economic Analysis would do as well reading a fresh turd from Jerome Powell (Fed Chair). TPTB control the US Money Making Machine (to enrich themselves while destroying the Economy to bring in Chaos and bring down Trump). Until the BRICS destroy it, TPTB will control the Levers and Dials of American Worldly Power. Experts tell us what we already know but can’t tell us The When. Next time tell me when; I’ll know why.
My only disagreement with the article is a quibble, although it’s an important one. It was not with anything Admin.wrote, all of which I agree with, but with the Ludwig von Mises quote:
“Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.”
Theories never demonstrate, and especially not in an irrefutable way, anything. They are proposed explanations for observed data, and the data ultimately either tend to confirm or refute the theory. No theory can ever be held to be “irrefutable.” The history of science is litered with irrefutable theories that were refuted by better theories, and often those better theories are refuted by still-better theories. I assume Mises would claim that economics is a science, although there are those who would disagree.
Like I said, it’s a quibble, but it’s important. I have not read much of Mises, but this error leads me to question his epistemology, for this is a substantial error.
Other than that it was a great article, the part Admin. wrote. I’ll post it tonight.
Economics is no more a science than Tarot and each have roughly similarly successful predictive results, and for the same reason. Bullshit enveloped in questionable timing.
Agreed, and I believe observed phenomena is more accurate than observed data when it comes to the nexus of a theory.
Data is not needed to form a theory, and theories may actually produce more data than they consume.
I have a quibble with your statement that theories never demonstrate anything. Now we may quibble over the definition of theories and laws, but they got us to the moon, Mars, and beyond. The electrons buzzing around your computer are governed by material science theories. We could change how we view and define these laws and theories once quantum mechanics is understood further, but for now they are working quite well and quite demonstrable of something more than nothing.
“—-but they got us to the moon, Mars, and beyond”
The USA never got to the Moon. That’s a fairy tale. If they had of there would have been many ongoing return visits. Fact is they couldn’t even go there today because of the Radiation belt. Also all this BS about planning for a manned trip to Mars is just a joke. No one alive today will ever see that happen.
I think your tin foil hat is a bit tight. I completely agree that man will not be going to Mars. JPL did just land a unmanned vehicle there. But that is probably all smoke and mirrors too. I think the radiation belts you are refering to are the Van Allen belts. The astronauts that went through them experienced the equivalent of a couple CT scans, at most. But I am sure you clicked on a tin hat video and took the bait hook, line and sinker. Go back to school, get a GED, get off the phycho drugs, and read a book!
LFTD, when a NASA scientist himself says in a NASA video that they can’t go “back” to moon because they can’t figure out how to safely get humans through the Van Allen Belt, you have to wonder how they supposedly did it the first time and with less technology than today. I say they have never figured it out and no astronaut has ever reached the moon, much less walked on it. On top of that, a NASA scientist also said astronauts aboard the space shuttle who went to the highest point they could but were “well below” the Van Allen Belt experienced extreme and severe headaches, flashing lights behind their eyelids, nausea, blackouts, etc, due to the radiation, so CT scans must be hell to experience. Hope I never have to have one.
So I searched for “nasa astronaut can’t go back to moon”. What did I find? Your good buddy Alex Jones! Good luck!
The video has actually been posted on TBP. Ask Admin. I’ll see if I can find it and post it for you. But I have to work now. Will have to be later. That wouldn’t have been to the title t the video anyway.
If you don’t want to listen to the YouTube channel guy’s commentary fast forward to about 1:55 into video
A painful process to build it (the technology to go back to the moon) back again, but they’re now planning to go to Mars? LOL.
Talk about a conspiracy when you realize the Masonic connection!
Here’s the video about the Van Allen belt. I haven’t found the one yet on the space shuttle experience. But I’ll keep looking.
NASA video in its entirety. (7 minutes.. Relevant information begins at 2:50 mark) And I was wrong saying it was a NASA scientist. He’s a NASA engineer that worked on Orion.
By the way, I don’t watch Alex Jones.
Alex Jones….is that you???
“I have not read much of Mises, …”
Start here:
excerpt
“Economics: A Science of Means
Economics is sometimes thought of as a very dry and dismal subject dealing with dusty tomes of statistics about material goods and services. Economics is not a dry subject. It is not a dismal subject. It is not about statistics. It is about human life. It is about the ideas that motivate human beings. It is about how men act from birth until death. It is about the most important and interesting drama of all — human action.
Since we must all be economists in one way or another, we all face the problem of how to become better economists in our daily work, in our family life, and as good citizens of our nation and of the world. The top educational problem of today is how to provide people with a better understanding of economics. All of our fundamental political problems, about which we have so many disagreements, are basically economic problems. Our prime problem is how to solve these economic problems. The best answers can be found only by resorting to the study of sound economic principles.
Many people think that economics is a matter of opinions. Economics is not a study of opinions. Economics is a science, and as a science it deals with eternal laws — laws that men are not able to change — laws that remain constant. If we want to improve our own satisfactions in life, we must improve our ability to know and use these laws of economics so as to attain more of the things we want. So, if the civilized world is to survive, people must learn more about this science of human action.”
Here is what people must learn:
Economics is a contrived con and has strings leading to the most successful puppet master evil in the history of demonic influenced human evil.
COMPLETE LIST OF BANKS OWNED OR CONTROLLED BY THE ROTHSCHILD FAMILY
http://humansarefree.com/2013/11/complete-list-of-banks-ownedcontrolled.html
ROTHSCHILD OWNED & CONTROLLED BANKS:
Afghanistan: Bank of Afghanistan
Albania: Bank of Albania
Algeria: Bank of Algeria
Argentina: Central Bank of Argentina
Armenia: Central Bank of Armenia
Aruba: Central Bank of Aruba
Australia: Reserve Bank of Australia
Austria: Austrian National Bank
Azerbaijan: Central Bank of Azerbaijan Republic
Bahamas: Central Bank of The Bahamas
Bahrain: Central Bank of Bahrain
Bangladesh: Bangladesh Bank
Barbados: Central Bank of Barbados
Belarus: National Bank of the Republic of Belarus
Belgium: National Bank of Belgium
Belize: Central Bank of Belize
Benin: Central Bank of West African States (BCEAO)
Bermuda: Bermuda Monetary Authority
Bhutan: Royal Monetary Authority of Bhutan
Bolivia: Central Bank of Bolivia
Bosnia: Central Bank of Bosnia and Herzegovina
Botswana: Bank of Botswana
Brazil: Central Bank of Brazil
Bulgaria: Bulgarian National Bank
Burkina Faso: Central Bank of West African States (BCEAO)
Burundi: Bank of the Republic of Burundi
Cambodia: National Bank of Cambodia
Came Roon: Bank of Central African States
Canada: Bank of Canada – Banque du Canada
Cayman Islands: Cayman Islands Monetary Authority
Central African Republic: Bank of Central African States
Chad: Bank of Central African States
Chile: Central Bank of Chile
China: The People’s Bank of China
Colombia: Bank of the Republic
Comoros: Central Bank of Comoros
Congo: Bank of Central African States
Costa Rica: Central Bank of Costa Rica
Côte d’Ivoire: Central Bank of West African States (BCEAO)
Croatia: Croatian National Bank
Cuba: Central Bank of Cuba
Cyprus: Central Bank of Cyprus
Czech Republic: Czech National Bank
Denmark: National Bank of Denmark
Dominican Republic: Central Bank of the Dominican Republic
East Caribbean area: Eastern Caribbean Central Bank
Ecuador: Central Bank of Ecuador
Egypt: Central Bank of Egypt
El Salvador: Central Reserve Bank of El Salvador
Equatorial Guinea: Bank of Central African States
Estonia: Bank of Estonia
Ethiopia: National Bank of Ethiopia
European Union: European Central Bank
Fiji: Reserve Bank of Fiji
Finland: Bank of Finland
France: Bank of France
Gabon: Bank of Central African States
The Gambia: Central Bank of The Gambia
Georgia: National Bank of Georgia
Germany: Deutsche Bundesbank
Ghana: Bank of Ghana
Greece: Bank of Greece
Guatemala: Bank of Guatemala
Guinea Bissau: Central Bank of West African States (BCEAO)
Guyana: Bank of Guyana
Haiti: Central Bank of Haiti
Honduras: Central Bank of Honduras
Hong Kong: Hong Kong Monetary Authority
Hungary: Magyar Nemzeti Bank
Iceland: Central Bank of Iceland
India: Reserve Bank of India
Indonesia: Bank Indonesia
Iran: The Central Bank of the Islamic Republic of Iran
Iraq: Central Bank of Iraq
Ireland: Central Bank and Financial Services Authority of Ireland
Israel: Bank of Israel
Italy: Bank of Italy
Jamaica: Bank of Jamaica
Japan: Bank of Japan
Jordan: Central Bank of Jordan
Kazakhstan: National Bank of Kazakhstan
Kenya: Central Bank of Kenya
Korea: Bank of Korea
Kuwait: Central Bank of Kuwait
Kyrgyzstan: National Bank of the Kyrgyz Republic
Latvia: Bank of Latvia
Lebanon: Central Bank of Lebanon
Lesotho: Central Bank of Lesotho
Libya: Central Bank of Libya (Their most recent conquest)
Uruguay: Central Bank of Uruguay
Lithuania: Bank of Lithuania
Luxembourg: Central Bank of Luxembourg
Macao: Monetary Authority of Macao
Macedonia: National Bank of the Republic of Macedonia
Madagascar: Central Bank of Madagascar
Malawi: Reserve Bank of Malawi
Malaysia: Central Bank of Malaysia
Mali: Central Bank of West African States (BCEAO)
Malta: Central Bank of Malta
Mauritius: Bank of Mauritius
Mexico: Bank of Mexico
Moldova: National Bank of Moldova
Mongolia: Bank of Mongolia
Montenegro: Central Bank of Montenegro
Morocco: Bank of Morocco
Mozambique: Bank of Mozambique
Namibia: Bank of Namibia
Nepal: Central Bank of Nepal
Netherlands: Netherlands Bank
Netherlands Antilles: Bank of the Netherlands Antilles
New Zealand: Reserve Bank of New Zealand
Nicaragua: Central Bank of Nicaragua
Niger: Central Bank of West African States (BCEAO)
Nigeria: Central Bank of Nigeria
Norway: Central Bank of Norway
Oman: Central Bank of Oman
Pakistan: State Bank of Pakistan
Papua New Guinea: Bank of Papua New Guinea
Paraguay: Central Bank of Paraguay
Peru: Central Reserve Bank of Peru
Philip Pines: Bangko Sentral ng Pilipinas
Poland: National Bank of Poland
Portugal: Bank of Portugal
Qatar: Qatar Central Bank
Romania: National Bank of Romania
Russia: Central Bank of Russia
Rwanda: National Bank of Rwanda
San Marino: Central Bank of the Republic of San Marino
Samoa: Central Bank of Samoa
Saudi Arabia: Saudi Arabian Monetary Agency
Senegal: Central Bank of West African States (BCEAO)
Serbia: National Bank of Serbia
Seychelles: Central Bank of Seychelles
Sierra Leone: Bank of Sierra Leone
Singapore: Monetary Authority of Singapore
Slovakia: National Bank of Slovakia
Slovenia: Bank of Slovenia
Solomon Islands: Central Bank of Solomon Islands
South Africa: South African Reserve Bank
Spain: Bank of Spain
Sri Lanka: Central Bank of Sri Lanka
Sudan: Bank of Sudan
Surinam: Central Bank of Suriname
Swaziland: The Central Bank of Swaziland
Sweden: Sveriges Riksbank
Switzerland: Swiss National Bank
Tajikistan: National Bank of Tajikistan
Tanzania: Bank of Tanzania
Thailand: Bank of Thailand
Togo: Central Bank of West African States (BCEAO)
Tonga: National Reserve Bank of Tonga
Trinidad and Tobago: Central Bank of Trinidad and Tobago
Tunisia: Central Bank of Tunisia
Turkey: Central Bank of the Republic of Turkey
Uganda: Bank of Uganda
Ukraine: National Bank of Ukraine
United Arab Emirates: Central Bank of United Arab Emirates
United Kingdom: Bank of England
United States: Federal Reserve, Federal Reserve Bank of New York
Vanuatu: Reserve Bank of Vanuatu
Venezuela: Central Bank of Venezuela
Vietnam: The State Bank of Vietnam
Yemen: Central Bank of Yemen
Zambia: Bank of Zambia
Zimbabwe: Reserve Bank of Zimbabwe
The FED and the IRS
Virtually unknown to the general public is the fact that the US Federal Reserve is a privately
owned company, siting on its very own patch of land, immune to the US laws.
Their objectives are as follows:
1) Abolition of all ordered governments
2) Abolition of private property
3) Abolition of inheritance
4) Abolition of patriotism
5) Abolition of the family
6) Abolition of religion
7) Creation of a world government
If you want to better understand just how powerful and black-hearted the Rothschild family is, then you must read their complete history HERE.
http://humansarefree.com/2013/10/the-complete-history-of-freemasonry-and.html
So what your saying is that We Got a Chance!
Mark…
There is a site that lists the countries without a Rothchild controlled CB since 2001. We are down to Iran and NK. There were 13 in 2001. Libya was on the list in 2010. Just sayin.
Flea,
I thought the most current list I could find (this list is a few years old) was more of a visual of their overwhelming economic control then the few they don’t run.
What does economic theory matter under the above reality of the banks and countries they control.
The banks are the hydra head we need to send to the guillotine….first.
Mark…
I agree completely. I mentioned it in the event that you hadn’t seen it. The point was our methodical takedown of the countries on the list and who is being targeted now. Of course we do it at the behest of the Rothchild/Rockefeller/Morgan monstrosity.
The irrefutable becomes fact. The problem with economics is we do not know if it is a true science and the reproducible experiment part is difficult because the numbers and sizes never remain constant. All we have are theories. You likely won’t find any better ones than those from the Austrian School, von Mises and von Hayek in particular.
HR,
I agree:
All we have are theories. You likely won’t find any better ones than those from the Austrian School, von Mises and von Hayek in particular.
But what good are theories in the face of the realities of my two posts?
The realities in your posts are not related to or dependent on the theories of Mises or Hayek.
They depend, instead, on the theories of Keynes.
Eyas,
Of course you are right. I wasn’t clear, my bad.
But, Mises or Hayek are useless until we get rid of the massive, world wide, complete and total Keynesian control and domination.
The academic’s lament – “OK, we know it works well in practice, but how well does it work in theory.”
To be fair to be Mises, he didn’t much believe in implementing economics as a “practice”, as there were, and are, plenty of central planning charlatans around eagerly doing so, and have been for my entire lifetime of 63 years. He also didn’t agree with mathematical economics, which again, like the charlatans pretending to be physicists or chemists, think they can model economies such as can be done with physical systems. The difference being, that physicists and chemists are well aware of the limitations of their models. Economists seem to think theirs is infallible.
Certainly economics is a valid field of study, particularly microeconomics. It’s macroeconomics that is the area filled with 2nd raters and charlatans. But they serve a purpose, as Admin points out – IYI’s, who provide an “expert authenticity” to the criminals who rule us, and use these idiotic theories (MMT) to loot from us every day of the week. And none more pernicious and easier than counterfeit money.
You may want to read von Mises. He was a brilliant man.
Saturday, in The Hague
https://pbs.twimg.com/media/DtcXSOvXgAA092x?format=jpg&name=orig
https://mobile.twitter.com/AndreVanDelft/status/1069349195017084931
BREAKING: WATCH: Paris: A group of French police officers remove their helmets to show solidarity with the French people against President Emmanuel Macron, as anti Macron protests continue throughout France.
https://mobile.twitter.com/BreakingNLive/status/1069340718844522496
Why do you think their ‘glorious leadership’ wants to flood Europe with low-IQ human detritus from the Third World? Their solution to the ‘people knowing’ problem is obviously to replace the current people with a completely different group of dumber people.
The French should chop Macron’s head off when he gets back. The Germans should do the same with Merkel. The Britcucks should just exterminate their entire aristocracy, and try again.
They need more slaves for the tax and debt plantation
The people they are importing are all on welfare. They aren’t ever going to be tax payers.
soylent green production
What they want is a threatening counter mob to keep the productive class in line.
Apparently the French revolutionaries have made a similar assessment of the situation.
.
Admin sez; “Pumping adrenaline into a patient with cancer will also give the patient a momentary appearance of health, but the cancer continues to grow.”
So, taking your analogy one step further, I wonder when our Last Good Day is before the inevitable drift towards our collective date with economic hospice and death? They say you can’t tell your Last Good Day until it’s already gone – better hope you spent it well.
I can’t tell. Most days seem to suck just that little bit more than the day before as the good bits become fewer and farther between. Do we get one last genuine uptick in quality of Life for the plebs before cultural cleansing by squads of karmic flamethowers begins in earnest?
At least Stucky is still alive. So there’s that.
I hope dear Stuckenheimer saw this… it makes him so happy when people are glad he’s alive.
On the other hand…
21 trillion in dark off the books fiat injected into who knows where…by who knows who…for who knows what…from just two Federal departments that we know of?
Maybe that is just small change to the adrenaline they have available?
At least it explains why a lot of smarter then me, right in the past pundits and contrarians, have underestimated the longevity of the inevitable Mother of all Bubbles?
What do I know, I’m just a modern day old throw back to a long gone time…sharpening his E tool on a rock, getting ready to go hand to hand.
This will be the bursting of the global everything bubble. It’s gonna be a dandy. The global debt based, fiat ponzi scheme has continued by extend and pretend longer than anyone can figure out how they do it. But end it will and expect FedCoin to be the savior (sarc) and delivered to us. Get out of every paper asset and into assets without counter party risk-precious metals come to mind. Guns, gold (silver), grub and God would be a good start. Get your shit together, cause time is a fleeting.
See Chris Martenson’s book PROSPER. Excellent read.
The purpose of a system is what it does. If this were not true, then the system would change. This is a natural law. The Federal Reserve transfers power i.e. “monetary influence” from the productive to the power class. This is what it does and therefor that is it’s purpose, otherwise it would change. Someone please clue me in and tell me why we don’t have 30% tariffs and 0% corporate taxes which is the exact opposite of what we have now. The people would pay the same but the manufacturing base would be stronger in the US. This would somewhat negate the fact that we print currency to buy shit from countries that actually produce things. Thus Triffen’s dilemma could be held off for a few more years and our fake economy would continue to grow* until I retire.
*Since GDP has grown less than the increase in the money supply, we have effectively been in a recession since 2008.
When precious metals change from a commodity to money when the dollar collapses, it will show that the energy already produced has value and the paper wealth is just that, fake wealth that you assume to be produced in the future. Wealth that may never transpire due to the lack of energy required to produce it. Store pulses, they will last for years.
Snowman, you stole one of my alt posting names…..
Sorry, It’s been my trailname since 1986.
Dow Futures Up 515 points, 3 am, PST, 12/03/18.
Utter insanity. Manic phase.
Catastrophic collapse cannot be far off.
what goes up, must come down.
Old shoe- I looked at the dow mini this morning first thing and was shocked to see the bump at that level. Don’t expect any pain in the financial markets until after the goy have finished their Christmas spending .
Notice gas prices continue to fall? Just in time for Black Friday, Cyber week consumeristic zombie buying to show how much you love people and to celebrate the supposed birthdate of Jesus of Nazareth
…dont worry it has nothing to do with occult Sun worship or pagan doctrine…
Don’t forget to pay to have your grandkids sit on some stranger wearing a red suit and fake beard’s lap at your local zombie center aka the nearest strip mall!!
Gas 1.83 at Costco today.
Speaking of Costco, the world is beginning to resemble the world depicted in the documentary “Idiocracy” more and more with each passing day.
https://www.foxnews.com/food-drink/couple-gets-married-at-costco
I think, this time, credit expansion is just a symptom ( it was the doing of Central Banks not private lending) of the end of affordable energy. As Gail Tverberg explains ( https://ourfiniteworld.com/) this time is different and low interest rates and more debt are the only way to keep the system from collapse as we’ve reached the limits of the world economy.
Look at how far down the economic food chain corporations have to go to find ANY profitable investment. Coffee shops, burger stands and pizza shops were once the province of small business. Today they are part of the Dow Jones with Starbucks, McDonalds and Domino’s honored members of our ‘industrial’ averages. GE couldn’t generate profits making things so it turned to financialism to mask the erosion of its century old manufacturing businesses. The ‘Tech Titans’, Apple and Amazon, if you look under the hood, are just AT&T and Sears, with software replacing the telephone poles and physical catalogues of 30 years ago where the ‘customer’ has to buy the device to access the service. Uber and Airbnb simply replace taxis and hotels with little or no capital investment. The providers of the service have to provide that under the guise of being independent contractors. Let’s see how far airlines could go if pilots had to provide their own 787 and United just sold seats. Google is enhanced directory assistance that sells ads to make money essentially replacing print newspapers and magazines without the overhead of having to employ reporters or printing presses.
Excellent analysis.
If one looks at this “credit expansion” as heroinand it’s consumers as heroin addicts we can understand that more and more credit is needed to get the “fix” until, very soon the debt levels will reach a saturation point , if they haven’t already….consider the raising of interests rates by the FED as the dealer cutting the heroin supply slowly, maybe by cutting it with some booboo….
The withdrawals suffered from this next recession will flatline the global economy that has been on lifesupport since 2008 with all the TOO BIG TO FAIL bailouts and Q.E. heroin injections by global central banks!!!
Oh I think the dealers are cutting it. With cocaine, meth, and a touch of Drano for good measure. It’s a hell of a rush til that sudden stop. There probably won’t be much of a withdrawal period unless you want to count rigor as a case of the shakes.
The cabal of elitist (((private bankers))) that make up the Fed only pretend to be ignorant of impending recessions. Their personal fortunes only ever rise, regardless of what the market does. They know exactly what is going to happen, and when.
That’s why they’re selling stock and buying gold like crazy.
Our Western economic system is based on “Fractional Reserve Banking” which is a scam and always has been. Also, Corporate Investment by Wall Street is another scam use by the elite to skim the labors off the working class by forcing those corporations who they have loaned money to, to pay them a dividend or else.
It is called Usury and was condemned in your bible. If you don’t have a clue what usury is, then look it up. There was a darn good reason that Usury was condemned, because it was earning money from your loans-of-money that you did not accumulate through your own physical labors.
While it seems apparent that Americans have agreed to this massive ripoff of their works by those who don’t, we have never known anything else and have seemingly forgotten that they, (the whole of Wall Street) use us as worker bees to make the elite more money off our labors. This has become so embedded in our Western Society that it permeates every aspect of our way of life. To alleviate this massive ripoff, our whole economic system must be revamped.
The overarching problem then becomes evident that no one knows how to bring this about without a complete breakdown of our society. Coming out of Anarchy is a slow and tedious processes and can take years if not decades.
The only real production comes from physical labor and land. Everything else is a skim.
@Rumple, et al
Great comments! If the average American truly understood what you outlined there might be revolution tomorrow…
The Medici and the Catholic church selling “indulgences” come to mind along with Martin Luther, his 95-theses and the Protestant Reformation!
Coming out of Chaos is a slow and tedious processes and can take years if not decades.
There fixed it for ya!
They have to keep printing. They will be blamed for disaster if they don’t. Assets will continue to appreciate until we have become Zimbabwe. Then we will be hungry billionaires.
That is why stackers say it is only about how many ounces you have. Not about the $ number attached to them.
My theory is there will be no hungry billionaires. The starving peasantry will roast them on a spit and eat them before they lose too much of the marbly goodness that such billions afford.
Because we suffer a recession every ten years or less, then it may be prudent to account for said pendulum swing. Counting on government to do things right is foolish, we all know this. Live wise, prepare for what we all know is coming and get on with living. Is there an alternative?
EXCELLENT work as usual Mr. Admin!
Hussman’s newest article below is instructive on a lot of issues for all inquiring minds here, and his last paragraph from a CNBC interview is a worthwhile note from a perma bear he has been rightly accused of being. In the current electronic casino the timing is for sure problematic, but the end result he lays out is not.
This is France! Before the collapse..
shit is getting real even if it is the EU…
The key take away from the chart is that after 1913 and the creation of the Fed the amplitude of the cycles of boom and bust are increasing. The Fed is exacerbating and increasing the volatility it was designed to mitigate! Kill the Fed, Kill Fiat currency via an asset-backed currency and destroy the power to manipulate the economy for political purposes before we are all paupers!
Hammer, if that happened, just think what an ounce of gold or silver would be worth in the new currency. I really hoping that’s what happens. It’s the only way it can be done without starvation, death and chaos. How? Plan it, do it, announce it.
It’s going to be ugly!
In an earlier post here I noted that all the so called ‘innovation’ and technology in our economy hasn’t really improved our lives at all. In fact, it has ruined the lives of millions. If you are under 50 you probably don’t remember how it ‘was’ before computers entered our lives in a big way.
As a boy I remember going to the grocery store with my mother and the cashier was not some dim witted, obese, minimum wage girl but a fairly skilled worker. I would watch her fingers fly over the keyboard of a big NCR cash register with one hand while her other hand grabbed item after item and read the price label. No bar codes so if she rang up the wrong price or incorrectly made change she was in trouble. I suppose the idiots were kept in back to stock shelves if they got hired at all but the cashier had to work fast and accurately.
People used typewriters and many, mostly women, made a living as typists but they had to be good at it. No hunt and peck, their fingers too flew over the keyboard. IBM was sort of like Apple in the sixties because its Selectric typewriter was the machine every office had to have along with a Xerox copy machine. Of course these items were made in the USA and it took many thousands of skilled workers to make them.
Cars required a lot more maintenance 50 years ago but that too provided decent work for a guy who wasn’t too good at algebra but liked to get an engine running right. Other jobs were in retail but, unlike today, if you worked in a hardware store you had to know and be able to tell a customer what item/s he would need not just say nails are on aisle 7. When I bought clothes in high school the clerk in the haberdasher didn’t just ring the clothes I selected up he had a tape measure and he made sure the shirts I was buying would fit. In short there was lots of work to be done and while you didn’t have to be an expert to do it you had to be competent.
With all the labor that was necessary to run our economy that created the need for a lot of mid level managers and supervisors that were the entry into the middle class for men as they got proficient in their fields. Those jobs have largely disappeared.
We’ve hollowed out our economy and replaced competent workers by dumbing down the tasks ( and pay levels) we ask low level employees to do thus the huge number of low IQ immigrants employed in the US while fairly bright American workers are left unemployed, on disability or drugs because they are overqualified for the jobs companies offer.
The good news as we approach collapse we may just have to go back to that earlier America because there will be no money to be made trading stocks and financial instruments. When a ‘Watson’ type super computer can do the work that Goldman Sachs or Morgan Stanley does now those fellas are going to have to get real jobs.
Hey! Yes, you! You’ve always noticed how time flies so fast and this year is going to end again, however, not realizing that you are still burning your money in paying your high-cost apartment. Good thing if you have your own home, but what if you don’t? While enjoying life at your young age, why not start investing your hard earned money to a more significant thing like real estate property
Good job! Hope to have time with you and share mine about apartments for sale