Guest Post by Jim Kunstler
Historians of the future, pan-roasting fresh-caught June bugs over their campfires, may wonder when, exactly, was the moment when the financial world broke with reality. Was it when Nixon slammed the “gold window” shut? When “maestro” Alan Greenspan first bamboozled a Senate finance committee? When Pets.com face-planted 268 days after its IPO? When Ben Bernanke declared the housing bubble “contained?”
If our reality is a world of human activity, then finance is now completely divorced from it for the obvious reason that, for now, there is no human activity. Everyone, except the doctors and nurses, and some government officials, is locked down. So, the only other thing actually still out there spinning its wheels is finance and, to those of us watching from solitary confinement, it is looking more and more like an IMAX-scale hallucination with Dolby sound.
How many mortals can even pretend to understand the transactions now taking place among treasury and banking officials? On their own terms – TALFs, Special Purpose Vehicles, Commercial Paper Funding Facilities, Repo Rescue Operations, “Helicopter Money” – stand as increasingly empty jargon phrases that signify increasingly futile efforts to paper over the essence of the situation: the world is bankrupt. It’s that simple.
The world is locked down and in hock up to its eyeballs. It faces what the bankers euphemistically call, ahem, a “work-out,” which is to say, a restructuring. The folks in charge are resisting that work-out with all their might, because it will change many of the conditions of everyday life (especially theirs), but it is coming anyway. When debt can’t be paid back, money vanishes. Money isn’t capital, but it represents capital when it is functioning. When it isn’t functioning, it stops being money. Now the whole world realizes that the debt can’t be paid back, will never be paid back… and that’s the jig that’s up.
The Federal Reserve’s balance sheet is the black hole in the financial universe where money goes to die. Money is rushing in there at a fantastic rate these days, and the Fed is trying to spew out new money at an equal rate to replace it – raising the question: is it even money anymore, or just a figment in the larger hallucination? Kind of seems that way, a little bit. They brought out their biggest money-launching bazookas only a few days ago, and it may only be few days more before that gigantic salvo proves inadequate. What then?
Perhaps the key is how long the ordinary folk agree to their orderly confinement, even in the face of the corona virus. That moment may be a bit further out, with the melodrama mounting especially in New York City right now, numbers of sick people going all hockey-stick, and frightful scenes in the hospitals. But then, whether it’s a week from now, or Easter Sunday, or sometime after that, what will the ordinary folk do when they decide en masse to de-confine and come roaring out in the streets?
I must imagine that one vignette will feature a mob of inflamed formerly middle-class Long Islanders swarming into the Hamptons with blood in their eyes for the hedge funders cringing in their majestic show-places, who will discover with maximum chagrin that privet hedge is no hedge at all against the wrath of the plebes. There has never been a bigger swindle in history than the aggregate shenanigans on Wall Street lo these years of the new millennium, and we all know it, even if it’s hard to explain just how they did it. The money boyz should be taking a haircut-and-a-half now instead of wailing for bail-outs, but such is the perversity of human greed that they made one last desperate attempt to nail down their fortunes when everybody else was losing…everything.
You understand that banking and finance was headed firmly south long before corona virus stole onto the scene. The tremors started back in September with the Fed jamming untold trillions into the black hole that had opened in overnight lending between banks. That was an infection, too, and boy did it spread — as fast as corona virus! This is indeed a most unfortunate convergence of events, but it should tell you that the banking and finance system, and the global economic arrangements that evolved with it, had already passed their event horizon. History had punched our ticket and was embarking us on a journey whether we were ready or not.
Is it a comfort to know that Joe Biden waits patiently on the sidelines to wave his aviator glasses and make everything normal again? I didn’t think so. Mr. Trump, for all the awe of his office, is not much better positioned to turn about the ship we’re now sailing on. Rough seas ahead, in uncharted waters, as we seek landfall in the next new world.
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Nothing like Kunstler in the morning. We may be closer to the “World Made by Hand” than many had ever thought. Time to head down to the garden, gotta help feed the neighbors…
At least Harry and Megan made it to California for the next chapter in their Journey.
is it even money anymore
It never was money. It was currency, a euphemism for money.
The bankers, hedge fund managers and other scum have real money – gold, silver, property, tangible assets. The average person has a paper bank book recording paper assets known as ‘dollars’ that are depreciating daily.
Real money (Au) IS capital. And it never disappears. It’s bizarre that recognizing that means one is thinking “outside the box” of acceptable discourse.
Gold is sound money. However… Real wealth is humans, not the shit you folks keep trying to redeem but the ones you step on to get to the shit you want to redeem. Can’t eat gold. What good is money without wealth? How is there wealth without an economy? How is there an economy without property rights for producers? How is there property rights for producers without thuggery by producers?
I was recently reminded of the story of a wealthy man using his influence to pay men equally for unequal work. Great, that’s socialism. You Jew-on-stickers live in that world of the first being last and the last being first. To adapt a meme for the edification of all you ass hats: It’s the people, stupid! Christianity has no standards where it counts! It will be forgotten by the world.
Gold is hardly capital and not really capital in any fundamentally useful way. It is the world’s best electricity conductor and makes a fine heat shield for space vehicles. It’s also jewelry, but that’s fashion and hardly capital. People make gold valuable by their willingness and capacity to barter something valuable for it. Much of that is vanity. Vanity goes away without luxury. Luxury goes away without necessities. “You are meddling with the primal forces of nature, Mr. Beale!”
why did the romans (who believed as you do) exchange their ways for christianity?
Gold, as money, represents human production (capital) in a real and persistent way. Fiat is an attempt to bypass the production and “print” wealth into existence. Gold respects people and what they make; the Fed does not.
You are correct. I am only suggesting a deeper understanding. People respect gold when they do. Gold does not care. The Indians did not pick up the gold nuggets on the ground in California before the California gold rush in 1849 because they did not care about gold.
“Little squads of men when out prospecting in all directions, one of them picking up, while crossing the flats, a chunk of gold weighing two dollars and a half.” (https://archive.org/details/historyofsiskiyo00well/page/60/mode/1up)
You are living in a bubble of assumption. We are not all the same. We don’t necessarily have common ground. I pop that bubble. You hate me for doing it. Life goes on as it was.
Gold is stored value. And using Indians as a comparison for gold is not fair. Most other people in other regions of the world, for the past couple thousand years, would take gold as payment or for barter. Bad example to prove a point.
He’s right though (disregarding the bullshit about religion). The wealth of a nation is truly its productive capacity, the potential energy stored in the individual. Gold has not always been “money” in all cultures or for all times. Many tangible items have served as money and at different times in human history. Bags of rice in Japan, shells in the Pacific Islands, cattle in Europe, horses for indigenous tribes, etc.
Understand that I likely love gold and silver specie more than most of you because I am a numismatist. Some of the Lakota and Shawnee strikes are just plain gorgeous. But to argue that gold is money and nothing else is just not reality.
If the wealth of a nation weren’t productive capacity and gold was always money, that rock called Hong Kong would be a veritable desert of wealth. Germany and Japan would have never rebuilt themselves into post-WW2 economic strength. Spain wouldn’t have suffered rampant inflation from its New World gold discoveries. And so on and so forth.
“The secret of the kingdom of God has been given to you. But to those on the outside everything is said in parables 12 so that,
“‘they may be ever seeing but never perceiving,
and ever hearing but never understanding;
otherwise they might turn and be forgiven!’[a]”
The wealthy man and equal pay was a parable but you already know this I’m sure and I simply throw pearls before swine.
You are one of those of which the Bible says whose heart is stone and God has literally given-up on you because you are irredeemable.
I’m sincerely curious– which one of the 3 examples best describes you in the parable of the sower?
13 Then Jesus said to them, “Don’t you understand this parable? How then will you understand any parable? 14 The farmer sows the word. 15 Some people are like seed along the path, where the word is sown. As soon as they hear it, Satan comes and takes away the word that was sown in them. 16 Others, like seed sown on rocky places, hear the word and at once receive it with joy. 17 But since they have no root, they last only a short time. When trouble or persecution comes because of the word, they quickly fall away. 18 Still others, like seed sown among thorns, hear the word; 19 but the worries of this life, the deceitfulness of wealth and the desires for other things come in and choke the word, making it unfruitful.”
Also, if you could quantify it, which do you detest more, the Living God or women? You have multiple, daily diatribes against each so I was wondering if your dark hatred was deeper for one than the other–it seems to be an all-encompassing obsession with you………
“God has literally given-up on you because you are irredeemable”
now now. if the thief on the cross next to jesus could be redeemed then anyone is eligible until the end.
and usually when people cast aspersions such as this it means they’re trying to cover up something in themselves.
Gman
I assume you have some tangible proof of that last line.
Before Jesus says, “Do not cast your pearls before swine,” He says, “Do not give dogs what is sacred.” An analogy mentioning dogs is also used in Proverbs: “As a dog returns to its vomit, so a fool repeats his folly” (Proverbs 26:11). A dual reference to swine and dogs is also found in 2 Peter 2:22, “Of [false teachers] the proverbs are true: ‘A dog returns to its vomit,’ and, ‘A sow that is washed goes back to her wallowing in the mud.’” In His sermon, Jesus uses dogs and pigs as representative of those who would ridicule, reject, and blaspheme the gospel once it is presented to them. We are not to expose the gospel of Jesus Christ to those who have no other purpose than to trample it and return to their own evil ways. Repeatedly sharing the gospel with someone who continually scoffs and ridicules Christ is like casting pearls before swine. We can identify such people through discernment, which is given in some measure to all Christians (1 Corinthians 2:15–16).
John 12:40 He hath blinded their eyes, and hardened their heart; that they should not see with their eyes, nor understand with their heart, and be converted, and I should heal them. — God Himself reaches a point where He makes people who repeatedly reject and blaspheme incapable of seeing the Truth.
The thief on the cross was not a rejector of Christ but simply a sinful man who when facing his opportunity for redemption, repented. Quite a difference from those who repeatedly reject the Truth they have heard and repeatedly harden their hearts and blaspheme against God.
But can’t we try?
luke 18:9-14 “And He also told this parable to some people who trusted in themselves that they were righteous, and viewed others with contempt: 10 “Two men went up into the temple to pray, one a Pharisee and the other a tax collector. 11 The Pharisee stood and was praying this to himself: ‘God, I thank You that I am not like other people: swindlers, unjust, adulterers, or even like this tax collector. 12 I fast twice a week; I pay tithes of all that I get.’ 13 But the tax collector, standing some distance away, was even unwilling to lift up his eyes to heaven, but was beating his breast, saying, ‘God, be [f]merciful to me, the sinner!’ 14 I tell you, this man went to his house justified rather than the other; for everyone who exalts himself will be humbled, but he who humbles himself will be exalted.”
Economies are self-organizing along the lines of normal capitalism when some stability has returned. If remnants of the prior state are available, people will try to build upon those, and if they aren’t we will start from square one. What gold, silver, et.al. , are good for is to promote the exchange of labor and goods. Any thing of perceived real value can work, but if it’s not limited by some natural law it will become devalued. Do a thought experiment – The collapse is over, people are starting to rebuild, and you have the power to facilitate trade. What would you use?
Isn’t the value of gold, though, just as much of a social illusion as any other ‘storehouse of value’ is?
Up until Nixon’s ending the gold standard in the US, gold was pegged at roughly $35/ounce — but once we were taken off the gold standard, the price of gold suddenly skyrocketed — of course, making the jewelers and other money changers extremely wealthy virtually overnight.
“It never was money. it was currency”
it wasn’t even that. it was debt. fiat debt. like a counterfeiter handing you a fake $100 and saying, “you now owe me $200.”
“Historians of the future, pan-roasting fresh-caught June bugs over their campfires” It’s good to know that we may still have fire in the future, but I doubt the soy-boy historians will be a part of it.
“When debt can’t be paid back, money vanishes. Money isn’t capital, but it represents capital when it is functioning. When it isn’t functioning, it stops being money. Now the whole world realizes that the debt can’t be paid back, will never be paid back… and that’s the jig that’s up.”
When debt can’t be paid back, CURRANCY vanishes. CURRANCY isn’t capital, but it represents capital when it is functioning. When it isn’t functioning, it stops being money. Now the whole world realizes that the debt can’t be paid back, will never be paid back… and that’s the jig that’s up.
I wouldn’t say the whole world realizes that the debt can’t be paid back, will never be paid back…just more of the 99%.
Mark – I think you may be overestimating the intelligence level of a lot of the people. IMO, the number is closer to 30% than to 99.
Yea, I am constantly explaining the 3rd Creature’s unholy origin and how Fractional Reserve Robbery works to all types of people of every background.
Halfway through The Killing of Uncle Sam thanks to you. Thanks mark, a real eye opener. Rhodes scholarships indeed.
ILuvCO2,
I couldn’t wake up my brother-in-law no matter what I said…I sent him ‘The Killing of Uncle Sam’ and it flipped him into a real WOKE 180.
https://www.amazon.com/Killing-Uncle-Sam-Demise-America/dp/B07DQGF6BM/ref=sr_1_1?dchild=1&keywords=the+killing+of+uncle+sam&qid=1585417370&s=books&sr=1-1
6 trillion just ended the USA. It’s over. It’s done. Trump just did the biggest cave of all Presidents ever. I’m almost 60 and have had a good life, I’m good with my maker. I cry for my kids. Debt repudiation is the only solution for them. But I fear technological tyranny is what is in store.
Debt repudiation is what will happen. We just need to make sure it’s not debt repudiation plus global governance.
It is my opinion the Mr. Kunstler’s view is myoptic. It is my opinion this Ponzi scheme or what ever you wish to call it started with wilson and the installation of the federal reserve back in 1913. Today the Pyramid representing the ponzi scheme is upside down and teetering badly. This can only lead to a poor result or outcome. Our ticket was punched a whole lot longer ago by these robber barons and ass-hated politicians.
thank you for your wisdom old timer.my guess is you have been on this rock for quite a while as i and see with the eyes of real life experience.
1913
Yep….Income Tax, Federal Reserve, direct election of Senators…..
1861, the War of Northern Aggression. A house divided cannot stand, so Lincoln burned it all down.
And so will the Lord of Host’s in the last three and one half years prior to His second coming at armegedon.
In His fury He will tread the winepress of His wrath against humanity that has assembled against Him in the valley of megedo.
He will burn it all down. Judgment by fire.
And then a new heaven and earth.
It’s not a money problem, it is a credit problem, as mentioned in the article, it started in September with the fed injecting trillions into the repo market (banks lending to banks). Once the oil price plummeted, confidence in the monetary system known as the dollar/swift has evaporated.
There are untold quadrillions of dollars bet on the price of things, being at certain levels in the future, and these bets are now due (oil is not where it is supposed to be).
the last time this happened, it was centered in the US, and subsequently blamed on “home owners with underwater mortgages” (as if). This time, it is a global phenomena, and every modern economy is underwater, and requires a bail out. The Fed and the Treasury are trying to maintain the dollar/swift system. (what they should do, is cancel these fraudulent contracts between banks)
They want people locked down, because if you really understood the magnitude of the ponzi, and the fact that your entire life is based on a promise, (federal reserve note is a promise) and that promise is not going to be fulfilled (the dollar in your money market account that acts as cash for un-invested dolllars is going to break, probably be worth 80 cents)
If this fact became obvious to the common man (who has no concept of money or currency or debt or credit)
then they would be out in the streets, with pitchfork and flaming torches, destroying every thing that represent big money.
Imagine roving gangs of well armed folk, driving up to Amazon warehouses, with tractor trailers, and looting them, and killing anyone who gets in the way.
Imagine roving gangs of well armed folk, driving up to McMansions of Drs, Lawyers, Congress critters, Bill Gate, Hillary, and stringing these people up to telephone poles, and then light fires underneath them, for a little pleasure, every weekend.
This is the future that these fuckers are trying to avoid, with there fake virus cover story, and their unlimited funding and backstopping of the stawk markets and the idiots corporations who sold out to china.
imagine what will happen when people realize the virus is not so fatal, (faked)
and they outlaw cash, and force everyone to get vaccinated, before they are allowed to buy anything with the new form of digital currency……
It’s only a theory of mine at the moment.
“Imagine roving gangs of well armed folk, driving up to McMansions of Drs, Lawyers, Congress critters, Bill Gate, Hillary, and stringing these people up to telephone poles, and then light fires underneath them, for a little pleasure, every weekend.” You forgot the part where they are stripped then chased then beaten first.
“Drs, Lawyers, Congress critters, Bill Gate, Hillary”
wrong people.
what about zuck?
if you mean zuckerberg of facebook, yeah, that’s much more on target, even though he’s just at the lowest level. all those people will have to be removed.
Please no… not stripped. I’m sure it will be heavily photographed. Maybe Nancy’s tits, but no more talk of naked $hillary or the congress.
Not the doctors either. They cant be in the same category as lawyers & politicians.
So much attention to compelling narrative details, yet no mention of sex. I probably don’t mean the missionary position.
Asshole. Those doctors you want to string up are putting their lives at risk for your sorry hide
You mean the one’s that pioneered sex change surgery for children? The one’s that get government funding for playing along? Of course, you are right about many doctors in general. Whether or not you are right about many doctors with McMansions I don’t know. Right now we lack hate more than we lack discretion, so I would not be so quick to counsel reason until we are governing the enemy.
When they’re making at-home visits for middle class money again, like my concierge doctor does, then you can claim that. Otherwise those mother fuckers can rot in the corrupt healthcare system they helped build.
“for middle class money again”
(shrug) you don’t get more than you pay for.
No, but in this healthcare system you sure get less. Tell me again why group practices are allowed to collude with insurance companies to rig prices. Tell me again why the Epipen costs hundreds of dollars out of pocket. Tell me again why MRIs cost thousands over here and hundreds in Japan.
We need a free market with non-fantasy price discovery.
Other than humble doctors like mine, they can get to the back of the bus if they want food from me. Consider it an ex post facto tax to recoup what they over-billed me for over the years.
Lawyers and bankers can just move on down the road. It sucks having to lump them all into one big shit stew, but I don’t have time to make rulings on each case, and they could have pre-emptively fought the system before it got to this point.
fuck off, I never met a dr. did anything but sell tests and prescribe pills.
The only treat symptoms, they don’t cure a damn thing, not part of the business plan.
That’s because the four to eight years they spend at “medical” school they only learn about prescribing drugs that are harmful and that those evil companies support their edumafacation classes.
CO2.
Right. They are really just Glorified Pharmacists and maybe more dangerouse because at least the Pharmacists warn us about effects of multiple drugs causing bad reactions.
Down in Mexico the big wigs have .50 caliber M2 machine guns on the high walls of their estates. Former President Lopez Portillo had anti-aircraft emplacements on his roof. If it gets dicey our “special people” will probably have that and then some.
Armed security at bj’s today and at market basket. I’ll go anywhere I fucking want to. Fuck them all.
Nothing will happen. The majority of sheeple are morbidly morose and will be too busy with their gadgets. Please explain how these kunts will get off their arses because they are so unfit after many healthy doses of high fructose corn syrup.
As long as “they” let the internet run for free, these oxygen thieves will sit in mummas basement getting ready to become soylent green.
My observation over the last 15 years.
“Convergence of events.” Succinct. We will soon be discussing which currency works best. Most know that the dollar is being destroyed. Whether it is from past debt or current printing does not matter, it will soon fail us. PMs will not likely be confiscated IMO and I see them as the only safe asset besides a paid for home and surrounding acres. We can all voice our anger and disapproval, but care must be taken. It may serve one well to start circling one’s wagons on familiar ground. We are headed for a depression, if not already there. All we can do now is watch the shock and awe.
Get ready for a reset to global money called SDR’s, Shekel Drawing Rights.
I would not be so glib. The social engineers have the thugs to ram down anything. They will create a new economy, a new currency. If they said a one-world currency MUST be created so this never happens again, can they get it done? The Fed was made so that depressions would never happen again. We need to come together, we need to give harder. We need love. And nothing says love like sharing the same money with Barrack’s image on it. The only reset in our favor involves are assertion of our bigoted humanity. Without taking the power, we become weaker with every passing year, period. If they can’t get a global carbon tax, how about a global pandemic tax? How about “Papers, please.” We are not bankrupt. Bankruptcy assumes a stable political policy. This is a contest of attrition. It is nothing else. To follow the media circus is to loose sight of the fundamentals of nature.
R D
You assume I’m being glib and you assume wrongly. Furthermore, the FED was not made so depressions would never happen again. It was created to insure the enslavement of mankind.
Fleabaggs, glib was the wrong word. I extrapolated too much. I am a philosopher, and the absence of context irks me. You are not required to provide boilerplate context. I assumed incorrectly because I see this sort of compartmentalized thinking all the time. It is my bane. The invisible elephant in the room that I see, that I’ve always seen (though I did not know what I was seeing until much more lately).
My point was that this is more than deeper subjugation. At some point it’s kill or be killed; and the spreadsheets and the debt leverages and the definition of legal tender cease to be relevant. Yes, the Fed’s real purpose was to screw over the little guy.
Enslavement? The ultimate end goal? Does that come with depopulation? We are already slaves. George Carlin said, “They own you.” Who will reproduce and who will not be allowed to reproduce? Who will get sex and who will not? Who will decide bathroom breaks? Is enslavement the worst it gets? No torture for the pleasure of kings and functionaries? No unpredictable murders to maintain a state of terror? Do you have any idea what the Helots endured at the hands of the Spartans? What the bureaucratic Spaniards did to their people? Quite frankly, I don’t give a fuck about the details of their great works as an end all. What I care about is cleaning house for me so I can start on my great works. You folks watch the show and kibitz on it. Trump wins on TV but the little guy is still losing ground every month. I suggest less focus on what they are doing and more focus on what you are doing, what those who oppose your subjugation are doing, can do, etc. Your innocuous comment was my trigger. Sorry to do that. I should have started a fresh comment.
R D.
The reset is only the beginning of the pain. I think through every word I type for a reason. It’s a waste of time to provide boilerplate unless requested and then it’s rarely examined by the one requesting it. I used to believe people here when they asked for links or explanations. I’m at the end of a long hard run and have to make my energy count. Most people just want to be “Comfortably Red Pilled” for social status.
I was involuntarily Red Pilled in the spring of 68 and have been exposing the fraud ever since. Type “My War” by Fleabaggs in the search bar if you want a quick rundown. What they have in mind for us resemble the slums of Calcutta more than it does a Fema Camp.
I have more understanding of you current outlook than I wish I had. Can’t say I want more. I am overwhelmed already. I spaz out in words and ideas since sex and civilized creation is out of the question. I tell myself to cut back every day. We all have our coping mechanisms.
R D.
Wasn’t including you in the comfortably Red Pilled. Hope it didn’t come off that way.
I read what you post. And am very grateful for what you guys share.
“The social engineers have the thugs to ram down anything.”
and who are these “thugs”?
“some people just by existing give you a good enough reason to punch them in the head.”
and for you that’s just about everybody, yes?
We need love.
How Christian of you. There is still hope.
I stopped reading on the part that implied ‘we’ are the world, as in ‘we’ are bankrupt. They fucking own you, Kunstler. If half of humanity is liquidated, would there be enough food to go around? If you slice correctly enough, yes. Cucks.
I call bullshit a mile high .They all know this debt fiat money is the blame .They all know to “fix ” this we do as Hitler did and use our own money without charging interest on that money. From 1933 to 1940 .7 years was all it took to turn Germany in a world superpower.So fuck these lying pieces of shit.They all know what to do including Trump.
The Germans were a great people. They made sacrifices and were highly productive and ingenious. The monitoring of adults with the Hitler youth program was a great motivator. Sadly, we are taught to play it safe. Sadly, today’s Americans are not capable of that much productivity. Of course, if one let’s go of the name brand ‘America’, that could be an advantage. What matters is who has the resources and wealth and the policies thereof. Too bad bullshit a mile high is so readily accepted by what’s left of the great Western man, largely a Germanic man, culturally and genetically exhausted. I don’t see Slav barbarians invading to join and reinvigorate our culture. I don’t see Macedonians invading to unite and reinvigorate our culture. If I ever have the guts to stop commenting here for a fake social life, there’s a reason. I hate to look at this in my mind. Does the frontal lobotomy ever become more desirable than the bottle in front of me? Clown world. What I pray is that so many inculcated snowflakes are in change as herding instincts that they break the reigns of the elite social engineers and bring the whole system down (to include potential backup systems, I mean everything). I can’t go with Hitler, but he played to win. It is hard to find the man who can conquer and govern. Napoleon was a fresh example, and yet he opened the Russian front. Total megalomaniac. It’s a pity that his pragmatism has been hidden by heaps of haughty, hypocritical orthodoxy and heterodoxy. The emotionalized Hegelian scope of discourse.
“They all know what to do including Trump”
one is reminded of what the european ministers said during the 2008 crisis – “we know what to do. we just don’t know how to get re-elected after doing it.” sure they know what to do, but would they and we survive them doing it?
“Now the whole world realizes that the debt can’t be paid back, will never be paid back… and that’s the jig that’s up.”
no, rather the goal is in sight. what comes next is collateral confiscations. which was the plan all along and which has been the purpose of the federal reserve since its founding – to buy everything and enslave everyone with fiat debt. “the silver is mine and the gold is mine.” “the nation that will not serve you shall be destroyed.”
i sense that Special K is enjoying this all, in an “I told you so” kind of way.
Nothing can stop what is coming, eh Q? I think you got that one right for once.
Update on confirmation of known cases…
My brother, a nurse at the VA says yes there are cases there. Unsure how many. Has not responded to me the number or severity or ages…will keep you all informed as he responds. I know of nobody personally that has the virus, still….
I know of two cases a 40 yr old who visited France tested positive but shows no symptoms. A 20 year old student of my wife who is very ill and has to sleep sitting up so that she can breathe. Hope she doesn’t have to be hospitalized.
Unfortunately, our economic system is a confidence scheme. Debt has an “absolute value”, while the assets that debt is spent on have a “perceived” value. If the public confidence is high, the value placed on assets is high. If public confidence is low, the value placed on those same assets is low.
During long periods of inflation, which is caused by decades of purchasing assets on debt, the public becomes confident that assets will always rise in value, and are confident about going into debt to purchase them.
The problem is that after decades of this behavior, the perceived value of these assets becomes detached from reality.
A simple house may cost the equivalent of half what a person would earn in their entire life. Stocks may sell for 50 or 100 years of earnings. This happens because of the feedback loop generated by debt fueled inflation.
Inflation is caused by purchasing assets with debt, while at the same time the inflation instills confidence to use debt to purchase assets. The more that people use debt to purchase, the more inflation happens, which reinforces peoples belief that assets will always go up in value.
This feedback loop continues until at some point the perceived value of assets becomes unreasonable, and the amount of outstanding debt becomes a burden to service. At that point the confidence in the value of assets begins to be questioned and debt begins to be defaulted on. As people begin to lose confidence in the value of assets, those assets begin to lose value, while at the same time the debt incurred on those assets remains fixed.
At the point where the value of all your accumulated assets falls below the debt incurred to purchase those assets, you are broke.
People’s beliefs and actions are driven by emotions, basically fear and greed. Their perceptions are often detached from reality. We have seen many decades of how greed drives peoples beliefs and perceptions. Now we are about to see the other side of that coin. We are about to see how fear will begin to reverse the feedback loop and alter peoples perception of reality.
Wait a damned minute…Money is fungible?!
Summer of rage….
Historical mkt charts show you test the middle of mkt bottoms and tops of the last top. That means the dow should go down to the median of 10k before a rebound to normal mkt recovery, if there is one.
They are price fixing paper metals because they can obtain delivery of physical at spot if you invest $100,000 minimum. Most people don’t and while they take delivery they keep the paper etf’s decoupled from physcial. Inshort they are buying at spot while we peasants are paying 60% more over spot for a few coins at a time…..
If you think the market levels of the past 10yrs were normal, you are in for a whole new reality….
I think when some dumbshit government employee kills an innocent and it’s filmed.
Only 2 things hold wealth, the land and the people living on it
And those with the balls, and the ovaries, and the weapons to defend it.
Defending what will immenantly become scorched Earth anyways could be considered a moot point.
If push comes to shove I have every intention of dying with my dying with my boots on but maybe not so much for trying to keep what I have but for resisting what they are trying to give me.
Come on EWS…enough of your I know the exact timing…LISTEN UP…defending your family from murders, criminals, plunderers, rapists, and Luciferin scum will never, ever be a moot point…at no time in God’s unfolding plan…GOT IT???
Push has already come to shove…matter of fact we are in the knock down ‘taking livelihoods away’ herding and stampeding stage for many.
You can be a Christian and have balls and ovaries…it’s called the remnant.
Get yourself a Jawbone of an ass with with a chest rig of 40 round mags…and get ready to kick some ass.
There’s a Bible reference I have always enjoyed reading about.
Don’t worry, my line has already been drawn in the sand.
When the time comes there will be plenty of fireworks.
And the Rapture will occur in the next five years.
What have I been wrong on yet since I’ve been on this site?
EWS,
I didn’t down vote you, and we are both strong believers…the only disagreement we seem to have prophecy wise is the timing of the Rapture…you are 100% Pre-Trib…And I am not.
Not sure on all your statements…I am only occasionally popping on…too much to do to get further ready, and my Daughter’s family is now living with me (as long planned) so I am deep into the Daddy & Grandad roles…plus training my Son-in-law in all the skills I hope he never needs, but worry he will sooner rather than later.
Overall I think you’re a good egg…just hardboiled on the Pre-Trib view…just like most of my friends.
Believe me Mark I’m proud to call you both my brother in Christ and in Arms as former active duty U.S. Army combat arms soldiers.
I’m always busy as well with many kids, grandkids, and a small farm.
Regarding the Rapture I only call it like I see it and it’s never about me or you but always Christ and His word.
I’ll always have your back.
Eyes Wide Shut,
Yea, I knew that. We are simpatico my brother in Christ.
I just got in after 50 chores, preps, and the precious family time.
I am in full bore Family Sheepdog mode.
To be candid, besides leaning towards other timing views than Pre Trib…I hope for one of the others to be true, because I don’t want to escape the Tribulation…I want to ‘witness’, fight, defend, stand, protect, lead, support…pray on my knees…and die on my feet.
That desire in what is coming is not deciding my leanings, but it is one of my hopes and requests.
(As I’m writing this I am listening to the banter in-between my Daughter and My Grandson as they fled NY early weeks ago, as planned, and their banter makes my heart sing).
I am sure I will eventually be a martyr (long story)…so be it.
I want it to be an expensive one, but ‘His’ will not mine.
I will set aside a specific prayer tonight for you and yours. I am a serious Prayer Warrior.
https://www.federalreserve.gov/monetarypolicy/reservereq.htm
1913 is often seen as the beginning of our downward slide through currency debasement and it probably is the easiest to quantify, but before that there had to be a serious debasement of National honesty. My guess would be by mid war between the states or the Gilded Age. By 1909 we were sufficiently greedy and or dishonest to pass the income tax on a soak the rich platform.
Then we passed the Federal Reserve Act on a platform of ending depressions. How dishonest had we become to buy into that one.
Now, 107 years later we are bent over saying “Thank you Sir, I’ll have another please” because we have a Republican President who isn’t like Hillary even though they ran in the same circles and have daughters who are BFF’s. Oh, and he’s giving us each 1,200 bucks, how good is that!!!
TPTB took “money” by the millions and bought businesses, gold, estates, etc. Most Goy are left with scraps and debts. Florida shut down small B&Bs but not Hotels. There are drugs and treatments for CV-19 if you are the Elite. Yes, it is time to level the playing field (terminate the Federal Reserve and ZOG).
There’s that word again.
Some perspective into the death rates of northern Italy:
the average age of the positively-tested deceased in Italy is
currently about 81 years.
10% of the deceased are over 90 years old.
90% of the deceased are over 70 years old.
80% of the deceased had suffered from two or more chronic diseases.
50% of the deceased had suffered from three or more chronic diseases.
The chronic diseases include in particular cardiovascular problems,
diabetes, respiratory problems and cancer.
Less than 1% of the deceased were healthy persons,
i.e. persons without pre-existing chronic diseases.
Northern Italy has one of the oldest populations and the worst air
quality in Europe, which had already led to an increased number of
respiratory diseases and deaths in the past and is likely an
additional risk factor in the current epidemic.
from this site:
https://swprs.org/a-swiss-doctor-on-covid-19/
Natural culling by any definition. Healthy.
I’d much rather have Pres Trump at the helm vs “slo” Joe. It would be a repeat of the Titanic.