And so should you. This just can’t last much longer. No way, no how, …. that can has been kicked too far too long. The end of the article has charts. I’m not much of a financial charts guy. But, I’m fairly sure that that when, 1) when lines go ‘off the chart’ and, 2) the slope of the curve is, like, really steep …. that that might be Shit Yer Pants time.
=================================
Are we really crazy enough to believe this is going to work?
Unbeknownst to the giddy participants, they’re not just betting on the omnipotence of the Fed Politburo, they’re also making a max-leverage bet that “the madness of crowds” will never end.
Imagine an economy so dominated by its central bank that all markets hang on every word of its priesthood as life or death. You know, like the Federal Reserve and the American economy.
Now imagine this central bank issues enormous sums of new money which supercharges speculative activity such as hundreds of billions of dollars in stock buybacks, special purpose acquisition casinos, oops, I mean companies, and so on. You know, like the Federal Reserve’s trillions in nearly free money for financiers.
Next, imagine that the central bank makes barely concealed promises that should any big gambler lose money in the casino, the bank will flood the financial system with even more nearly free money for financiers and bail out the loser.
Since flooding the system with nearly free money for financiers keeps the speculative frenzy going, the bank has implicitly promised that assets driven higher by speculative frenzy will never be allowed to drop. This promise naturally incentivizes even more speculative borrowing, leverage and risk, generating a titanic Everything Bubble in which risky assets skyrocket from pennies into dollars and dollars into fortunes.
Now imagine that this speculative frenzy spreads into every nook and cranny of the economy such that everyone is drawn into one casino or another, and previously sober, cautious people are seized by a quasi-religious fervor in which they become convinced that their gambling chips on NFTs, SPACs, meme-stocks, obscure alt-coins, homes, collectables and pretty much anything within the manic swirl of speculative frenzy is now a can’t lose path to carefree permanent wealth because the central bank guarantees it and anyone who questions this is in league with the Devil (or worse).
Next, imagine that as a result of this vast expansion of “wealth” in the Everything Bubble, the entire economy is now dependent on this bubble never popping as speculation is driving incomes and a wealth effect without precedent as every participant feels newly empowered to borrow and spend more because their bubble-wealth just keeps rocketing higher.
The problem here is all speculative bubbles pop and so the central bank’s inflation of a speculative Everything Bubble has backed the entire economy into a corner from which there is no escape: either the bubble must keep inflating to ever dizzier heights of delusion and risk or the bubble pops and lays waste to all the phantom wealth.
Lastly, imagine that the enthralled participants in the speculative orgy truly believe the central bank has the power to keep the Everything Bubble expanding forever, or at a minimum, bubbling along at a permanently high plateau that guarantees everyone’s phantom wealth will be forever available for tapping and spending.
This is where we are, and it raises one question: are we really crazy enough to believe this is going to work? That the Federal Reserve can keep the Everything Bubble expanding essentially forever, or bubbling along at a permanently high plateau?
Are we really crazy enough to believe that conjuring trillions of dollars out of thin air and then leveraging this into tens of trillions of dollars and dumping all this money into assets which don’t increase in utility so that their “value” rises 10-fold even as their utility remains unchanged is sustainable and a solid foundation for our economy?
Unbeknownst to the giddy participants, they’re not just betting on the omnipotence of the Fed Politburo, they’re also making a max-leverage bet that the madness of crowds will never end.
Are we really crazy enough to believe this is going to work? The answer appears to be a resounding “yes” because everyone knows the Fed has our backs and so permanently expanding wealth is guaranteed. (And if it isn’t, no problem, I’ll jump off the merry-go-round before the music stops. And of course, 99.9% of all punters succeed in doing so.)
In this blissful moment of speculative confidence in a) the music will never stop or b) I’ll jump off just before the music stops, fortune fully intact, feast your eyes on these charts of guaranteed permanently high plateaus.
SOURCE: Charles Hugh Smith
THE END
The financial beast is not shitting it’s pants. The FED (((crew))) absolutely understands the flame out of a fiat currency. The route of hyper inflation is where we are heading before the reset to a new FED scheme of manufactured currency. I will agree that we should shit OUR pants simply because there are millions of ferals who will be a great threat to safety when the max flame out begins and they can no longer eat.
The usual suspects have constructed diabolical bubbles to cash in on the end of the USD, it’s what they do. They understand how this process works.
Agreed. And they will also keep it going as long as they can in order to continue looting what remains of the real economy.
“Hitler’s real quarrel with the capitalist and Marxist system alike was that they stopped things from growing. They were concerned not with creation, but the one making with making the quick profits and the other with establishing an unnatural and sterile uniformity. Both were destroying quality throughout the world – the quality, not only of things, but , of what was far more serious, of men and women”
Arthur Bryant – Unfinished Victory (1940)
https://archive.org/details/ArthurBryantUnfinishedVictory1940V1/Arthur%20Bryant%20-%20Unfinished%20Victory%20%281940%29%20-%20v1
Capitalism infers voluntary exchange. Is that what Hitler quarreled about? No. “Quick profits” happens where the State interferes in myriad ways with its regulations, favoritism, and corruption, not to mention that it always and forever issues fiat. That is hardly “capitalism.”
There is no such thing as unfettered Capitalism. At it’s best it brings out our baser instincts. At it’s worst we have Nepotism and Cronyism like we see today. Regardless, it’s a myth packaged and sold by the usual suspects along with the myth of a Galtian paradise.
BL and Anonymous hve it right except for the ommision of the new replacement will have a built in rationing clause based on what they have decreed is permissable to buy and how much of it for the 99%.
COMMUNISM-CAPITALISM
In his book Geneva Versus Peace (1937,) the Comte de St. Aulaire, who was the French ambassador to London from 1920-24, recalled a dinner conversation with Otto Kahn which took place shortly after WWI. This shocking expose is fast disappearing down the memory hole.
Asked why bankers would back Bolshevism, a system supposedly inimical to private ownership, Kahn tugged on his enormous cigar and explained that the bankers create apparent opposites to “remake the world” according to their specifications:
“You say that Marxism is the very antithesis of capitalism, which is equally sacred to us. It is precisely for this reason that they are direct opposites to one another, that they put into our hands the two poles of this planet and allow us to be its axis. These two contraries, like Bolshevism and ourselves, find their identity in the International. [Presumably, he means the Comintern.]
“These opposites … meet again in the identity of their purpose and end in the remaking of the world from above by the control of riches, and from below by revolution.
“Our mission consists in promulgating the new law and in creating a God, that is to say in purifying the idea of God and realizing it, when the time shall come. We shall purify the idea by identifying it with the nation of Israel, which has become its own Messiah. The advent of it will be facilitated by the final triumph of Israel…
“Our essential dynamism makes use of the forces of destruction and forces of creation but uses the first to nourish the second…Our organization for revolution is evidenced by destructive Bolshevism and for construction by the League of Nations which is also our work.
“Bolshevism is the accelerator and the League is the brake on the mechanism of which we supply both the motive force and the guiding power.
“What is the end? It is already determined by our mission. It is formed of elements scattered throughout the whole world, but cast in the flame of our faith in ourselves. We are a League of Nations which contains the elements of all others…Israel is the microcosm and the germ of the city of the future.”
People who presume to take the place of God are Satanists. Satanists redefine reality and morality, turning them upside down. They seek a worldwide political, economic and cultural monopoly institutionalized in a world government.
obamahitler.jpgThis is achieved by a Hegelian dialectical process of creating adversaries (thesis-antithesis) and achieving a synthesis which corresponds to their goals. In the process, potential opponents are eliminated.
COMMUNISM-CAPITALISM
An excerpt from https://www.henrymakow.com/geneva_versus_peace.html?_ga=2.263913676.1325854900.1632164416-585894304.1630817101
Capitalism infers no such thing. Karl Marx coined capitalism as a derogatory term for those who accumulate capital. By the original definition you could infer the millions of Americans experiencing negative wealth are now anti-capitalism.
From Investopedia:
Capitalism, Profits, and Losses
Profits are closely associated with the concept of private property. By definition, an individual only enters into a voluntary exchange of private property when they believe the exchange benefits them in some psychic or material way. In such trades, each party gains extra subjective value, or profit, from the transaction.
Voluntary trade is the mechanism that drives activity in a capitalist system. The owners of resources compete with one another over consumers, who in turn, compete with other consumers over goods and services. All of this activity is built into the price system, which balances supply and demand to coordinate the distribution of resources.
A capitalist earns the highest profit by using capital goods most efficiently while producing the highest-value good or service. In this system, information about what is highest-valued is transmitted through those prices at which another individual voluntarily purchases the capitalist’s good or service. Profits are an indication that less valuable inputs have been transformed into more valuable outputs. By contrast, the capitalist suffers losses when capital resources are not used efficiently and instead create less valuable outputs.
You’re living in Truman Show , Bubba. You own nothing that can’t be taken by government hence muh private property is void. Your so called private property can be accessed and all your assets at any time by LEOS , tax collectors , building inspectors, IRS agents and a myriad of government vermin for a myriad of reasons….seen it happen time and again.
Capitalism or you wealth accumulation can be wiped out overnight by the Federal Reserve playing money games…see 1929.
You’re no capitalist , Bubba. You’re a sucker fish and the hook is set.
In the future, you’ll own nothing and still be a dumbass.
“…In the future, you’ll own nothing and still be a dumbass…”
Right or wrong, that was some funny shit right there.
capitalism (n.)
1854, “condition of having capital;” from capital (n.1) + -ism. Meaning “political/economic system which encourages capitalists” is recorded from 1872, originally used disparagingly by socialists. Meaning “concentration of capital in the hands of a few; the power or influence of large capital” is from 1877.
“Capital” may be most briefly described as wealth producing more wealth; and “capitalism” as the system directing that process. This latter term came into general use during the second half of the 19th century as a word chiefly signifying the world-wide modern system of organizing production and trade by private enterprise free to seek profit and fortune by employing for wages the mass of human labour. There is no satisfactory definition of the term, though nothing is more evident than the thing. [J.L. Garvin, “Capitalism” in Encyclopaedia Britannica, 1929] ”
Obviously, the meaning of words can change, flash.
Tellingly, both of your copy/pasted “definitions” never even bring up ‘free markets’…
Can you show me what is copy/pasted in any of Flash’s comments. Adding a link to substantiate a claim is standard procedure.
Of flash‘s comments? When I’m replying to bigfoot??
But here you go:
https://www.investopedia.com/terms/c/capitalism.asp (4 chapters down)
https://www.etymonline.com/word/capitalism
Fair and level playing field coupled with hard work and sacrifice is part and parcel of muh free market. Success is the hallmark of competence, management and marketing skill .
For further explanation see here:
https://www.goodjobsfirst.org/subsidy-tracker
Capitalism is a myth sold as a religion to sucker muh free market is patriotism crowd into believing that there is a way out of the credit trap. There isn’t . Speculators using near interest free money will earn more in a day than the majority of Americans will in a year, or some their entire lives.
Capitalism and Socialism, is the two edge bankster sword . They profit from the money loaned for production while the productive fund socialism debt which again is serviced by banksters, meanwhile the productive never get ahead because funding socialism never ends . The house always wins.
The Christian church knew this centers ago hence the ban on usury. Martin Luther, judaized tool, ended that.
“People who will not turn a shovel of dirt on the project, nor contribute a pound of material, will collect more money, from the United States, than will the people, who supply all the material and do all the work. This is the terrible thing about interest (usury) … But here is the point: If the nation can issue a dollar bond, it can also issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference, between the bond and the bill, is that the bond lets the money-broker collect twice the amount of the bond, and an additional 20%. Whereas the currency, the honest sort, provided by the Constitution, pays nobody, but those, who contribute in some useful way. It is absurd, to say that our country can issue bonds, and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the people. If the currency issued by the people were no good, then the bonds would be no good, either. It is a terrible situation, when the Government, to insure the national wealth, must go in debt and submit to ruinous interest charges, at the hands of men, who control the fictitious value of gold. Interest is the invention of Satan.” Thomas Edison
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”—Thomas Jefferson
Hear hear.
You know the thing .
Capital is created by banks and then loaned into circulation with interest ( i.e. usury) at which time so called capitalists set about accumulating it.
So are we to infer that capitalism is a banker creation and sans bankers creating capital , Capitalism would cease to exist?
On a daily basis
===
Obviously, the meaning of words can change, flash.
Thank you
The thing about most of the charts is that they’re measured in dollars. As such they don’t indicate parabolic growth or necessarily mean things are about to collapse. Instead they partly show these things, and partly just show inflation (devaluation) of fiat units. I say “just”, but that’s the real problem — that the charts all incorporate the massive devaluation of US Dollars. This inflation is all leading somewhere, and when there is a bubble pop, or collapse (which there inevitably is) we’ll find out what the destination was.
Me? I’m with BL that this is intentional to usher in the new currency/financial system. I would be astonished if it isn’t a digital-only currency tied to a social-credit system that incorporates an all-encompassing digital profile of you that already exists. Oh, and it will track and score (or flag) all that you buy or sell, everywhere you go, all that you do, and all that you say (you’re literally recorded almost everywhere now, especially your own home).
I have a theory of why the western world is culling its population.
The central bank money printing has reached the point where hyper-inflation is the only outcome. Hyperinflation will destroy what little credibility remains of fractional reserve banking and threatens the power structure which has been in place since the creation of the Bank of England in the late 17th century. But what would beat back hyperinflation to the level of just plain manageable ol’ inflation and allow the power structure to remain in place? A big drop in demand for everything across the board. But how do TPTB beat back this demand? They can’t impose rationing as that just drives the cost of those rationed things up higher and drives the hyperinflation.
The size of the reduction in demand needed to balance the hyperinflation driven by uncontrolled money printing and keep the power structure in place is a massive cull in the population. With a 30%+ drop in demand within the western world for everything, it will send demand shocks into the producing countries of asia and destabilize their societies, which are historically prone to wars and famines that can easily lop tens of millions off the population. And the complete cessation of food imports into Africa and the Middle East will create unparalleled famines that will eliminate >70% of these populations. The immediate cut-off of credit to South and Latin American countries will also lead to starvation from a revolving period of failed revolutions and civil wars.
So in the end, there will be hundreds of millions if not billions dead all to keep printing money ad infinitum. Remember, the City of London Corporation for centuries has been the world center of war financing, colonization and its resource strip mining operations, slavery, the opium trade, and the pomp and circumstance around a group of fake royals that are paraded in from of the public to hide the true power structure that owns the global central banking system that rules the world through its control of nearly all world governments that maintain control with debt financing. Chit of fucking paper.
The vaccine is the bioweapon.
“The vaccine is the bioweapon”-and joe is its posterboy.
Not a poster boy, but a puppet.
Muppet.
Ding Ding … we have a winner.
I have been saying that there are likely deflationary motivations behind this. The corona hoax is convenient for a lot of interests shared by a lot of the upper echelons of power.
It quantum computing all the way down, bruh. Gold has no value outside of FRNs. Trade now.
Gold has almost exactly the same value today as it’s had for the past 1000 years.
150 years ago, a $20 double eagle would buy you a new Colt Peacemaker, a gunbelt and a box of .45 cartridges.
Today, a $20 double eagle will buy you a new Colt Peacemaker, a gunbelt and a box of .45 cartridges.
This is irrespective of what the dollar does or does not do. If you think the problem is the dollar or the Fed only, look at a 10 or even a 30 year gold valuation in foreign currencies.
Their control over and ability to manipulate the value of gold is largely illusory. What they’ve done with silver is somewhat different, but only because they’ve had better success convincing the world the gold/silver ratio should be 1 : 75 as opposed to the historical 1 : 16.
Gold just does what it’s always done.
Keep your gold, bruh. Peacemakers only hold six rounds and you’re going to need at least thirty.
…
…and the banksters are pushing hard to relieve people of their gold.
I had my life’s savings recently taken from me by thugs in uniform because at the end of the day, they could. Was moving it finally from my place in the city that i’m closing out, to a small place out in the boonies ive been building for years. almost, but apparently tshtf on a personal level just a bit earlier than for the rest of the world around. They say ‘sue us to get it back’ which of course is pretty much a fantasy. Yeah, lawyers have been put on it, but that’s really just wishful thinking. All plans just got a lot more humble involuntarily.
Just because it’s NEVER worked before…………
We lose perspective of what a huge number 1 trillion is, let alone trillions upon trillions.
It takes less than a month to burn up 1 million seconds.
32 years to go through a billion seconds.
32,000 years, Fuking years…to eat a trillion seconds.
Derivatives are estimated at $2 QUADRILLION in notional value. That would be 64,000,000 years worth of seconds………spontaneous nose bleed….
Uhm, didn’t you just prove why $2 QUADRILLION derivatives in notional value is a completely meaningless number, no further perspective needed?
Which is why the astrophysicists concocted the unit of measure known as “light year”.
Modern day equivalent: the “Brandon”, which is some number of quadrillions of what used to be known as dollars. Just ask Jen what the hell it means.
Yeah, who knows the true value of it? But does that deny the existence of an astronomical level of debt?
It was used to give a perspective of the debt amount. People who think they have an asset (someone else’s debt) are going to be very angry when that asset proves to have no value or far below anticipated value.
There is further perspective needed, as you conclusively demonstrated yourself.
It will NEVER be paid back.
Most of the true believers in the State are now vaxxed. This winter may see a great culling resulting in abandoned homes and a surplus of many goods and a scarcity of others. By the end of the month, shit happens according to Clif High, who is today’s supreme intellect. There will be corrections to the story of mankind. What slice of the world’s population has “moral authority?” We here on TBT are far from perfect, but the practice is to discover and stand on moral ground. That is the only survival that makes sense and falls in line with the wisdom that says we are here to learn what to do and what not to do. We don’t shit our pants, we prepare.
You don’t remember what Clif High said back in 2011 about 2012?
If ever there were a guy permanently and irrevocably discredited…
Find a cleaner well from which to draw your waters.
I’m assuming that all the down votes are due to the reference to Clif High. Who the hell is he/she/they ;0
Clif High don’t know Jack. I got it from the supreme authority, Sky High that right after the end of the month comes November, yet again .
From your comments on this article I feel I owe you the respect of addressing you as Sasquatch.
The abandoned homes you mention above, aren’t most of them owned by the banks? Won’t they default to those banks?
Might that be a part of their “You will own nothing and you better damn well be happy” plan?
Australia does capitalism too.
I read that. Incredible how pliable is the modern man.
You know who I think will be the most gob smacked when the currency collapse transpires? Gov’t retirees like me. I expect it, but suspect that 99% of those similarly situated faithfully believe they’ll be protected by their former employers. Government will protect current enforcers, not the has beens. jmo
Or old guys like me who are retired on their own dime and turned everything into cash almost 20 years ago.
Ya’ll are the ones that paid the bills. I was always shocked and barely hid contemptuous of my coworkers whining about deserving a higher COLA. Government employees as a collective should NOT have higher pay (much more in some states/municipalities/county) than the median income of those they supposedly serve.
the financial beast is trying to convert everything to their ‘reset’ world: a command economy where they dont really need money anymore because they own everything.
‘money’ would just turn into brownie points or a credit at the company stroe for the slaves.
it all needs to burn to the ground, anymore. chaotic collapse is the best medicine for this kind of controlled demolition.
I agree, yes, but……the number ‘millions/billions/trillions’ seems to be irrelevant. It is all relative – if you have 20 zeros on your dollar bill or just two after the digit, but each once bought the same, does it matter? I think they have decided that it doesn’t. The only important task is not letting the ‘economy’ collapse until after China has fallen. This will entail a lot of pain and collateral damage – I am in Oz, self-sacrificing as we speak. Long term I can’t see it as being successful, as the hyper-financialisation of everything takes more labour and capital out of real production into unproductive areas. The foundations crumble, and as a pollie said here ‘the do-gooders aren’t good at doing’.
The $300 TRILLION of world wide debt, like all debts can ONLY be dealt with by the continuing roll over / refi, as default is absolutely NEVER to be allowed.
Zero hedge had a most fascinating article on how the mega massive computer magic money creation machine SHALL be ramped to the max for the coming bail outs.
In the 08 bail out it was a mere $18 TRILLION sloshed around the world, with lots to
D Bank and the other Europeans.
D Bank is a key center of the hub of all the bankster’s leverage, as they do not have to file with the SEC. Stock has gone from $95 down to $5-8
as the insiders KNOW what they are worth!!
It does appear that the tipping point is really close, even with almost Zero, or even the negative interest rates for real rates.
The Chinese buying a reported 20,000 TONS of gold and the vaults to store it in indicates they are seeing something big coming.