Tag: Dr. Harald Malmgren

THE ROAD TO PERDITION IS PAVED WITH EVIL INTENTIONS

“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending” ― Nassim Nicholas Taleb, The Bed of Procrustes: Philosophical and Practical Aphorisms

The Logic of globalism | The Vineyard of the Saker

“Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China.” – Nassim Nicholas Taleb

As we continue our national lockdown suicide cult to hell, I find myself getting angrier and angrier at the pathetic leadership displayed by politicians, government bureaucrats, so called medical “experts”, and intellectual yet idiot academics displaying their ignorance of facts, reality, history, and humanity. My nature is to be skeptical of everything I read or am told.

I most certainly disregard everything communicated to me by politicians, world leaders, central bankers, corporate CEOs, CNBC talking heads, the mainstream corporate fake news media, and lately – self-proclaimed medical experts who have distinguished themselves by not seeing the danger coming, downplaying the danger, not being prepared for the danger, incompetently handling the danger and righteously proclaiming the nation had to be brought to a full stop because their terribly flawed models said so.

Continue reading “THE ROAD TO PERDITION IS PAVED WITH EVIL INTENTIONS”

NO ONE GETS OUT OF HERE ALIVE (PART TWO)

In Part One of this article I exposed the numerous false narratives being peddled to the masses, as this Fourth Turning is entering the intense phase headed towards an unknown climax.

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I’ve been expecting the next shoe to fall in this Fourth Turning for years, but the financial elite have pulled the debt levers to keep the Ponzi scheme alive far longer than a reasonable person would expect. We are only six weeks into 2020 and it seems like a year’s worth of major events have already occurred. The year started with the assassination of Qasem Soleimani in Iraq.

For the next week the world was awash in rhetoric about World War III and possible revolution in Iran. Accusations of Trump using the Wag the Dog method to deflect the negative press from the impeachment hearings were rampant among the half of the country that despises Trump. Soleimani was lauded as a hero by the left and a terrorist by the right. Now, the entire episode seems like ancient history, as more interesting squirrels have arisen for the propaganda media to chase.

The entire month of January was occupied by the ongoing coup/impeachment against Donald Trump. Schiff, Nadler and Pelosi doing their best impression of the three stooges, conducted a laughable prosecution in the House, revealing this was nothing more than a desperate attempt to avoid losing to Trump in a November landslide. The predictable trial in the Senate resulted in an acquittal and Trump’s popularity soaring to all-time highs, as independents realized the Democrats misused the power of impeachment for purely political purposes. Trump’s SOTU address infuriated Pelosi to such an extent it provoked her into acting like a petulant child, tearing up the speech. Future campaign ads wrote themselves.

Continue reading “NO ONE GETS OUT OF HERE ALIVE (PART TWO)”

QUOTE OF THE DAY

“Trump makes worse an already problematic situation with pensions. So whimsical. POTUS makes an historic monetary policy decision by endorsing negative interest rates, probably unaware of the epic controversy that he opened by doing so. Savers and pensioners thrown under the bus!

This is why I think a comprehensive and in a sense ‘final’ global financial crisis is so likely. It will provide the cover for massive debt write-offs, but also painful and scary policy innovations (going cashless, positive money, digital moneys, global monetary reset etc).

Bernanke was not a hero, but rather an historic villain, pitting bankers against the people in that centuries long struggle. True, the Federal Reserve as a whole failed society, with NY Fed leading the effort to preserve and revitalize its own major members. Yes one should not blame Bernanke alone. The entire Fed was at fault. Then in the wake, the Fed bailed out the banks. He had huge regulatory powers that could have been applied to cleanse banking system and impose transparency but he declined that opportunity in favor of propping up the same system that brought us the Great Financial Crash.”

Dr. Harald Malmgren

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QUOTES OF THE DAY

“The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil. Perhaps this is inherent. In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be to ruin those who have succumbed to it. So the wise in Wall Street are nearly always silent. The foolish thus have the field to themselves. None rebukes them.”

John Kenneth Galbraith, The Great Crash of 1929

“Surprising real GDP growth rate of 3.18% is a contrived illusion. – BEA used a unique inflation deflator of 0.64%! More commonly used deflator BLS CPI-U inflation rate 2.27%. If BLS deflator used, GDP growth rate 1.56% (Half BEA #). Setting aside trade and inventory build (goods produced but not bought), BEA says growth rate of real final sales of domestic products was 2.53%, but if BLS CPI-U deflator used real final sales was 1.0%. “Goldilocks” moment was achieved through growing inventories, increased governmental outlays, crashing import values and materially understated inflation.”

Harald Malmgren

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QUOTES OF THE DAY

“Time is coming when markets search frantically for physical collateral to find that paper far exceeds underlying collateral for several metals and other resources. I am warning that when markets fall in sustained negative response to bursting bubbles, widespread deleveraging will reveal insufficient hard collateral underlying traded asset-backed securities.

The words rehypothecation and hyper-rehypothecation may be rediscovered or remembered again, forgotten somehow during much of decade since the Great Financial Crisis.”

Harald Malmgren

“Those who run Washington generally trust the inhabitants of think tanks of their political bent to provide the intellectual foundations upon which much of public policy is built. At least in some cases, however, that trust couldn’t be more deeply misplaced, since cornerstones of the ever-expanding think-tank universe turn out to be for sale.

In other words, those experts you regularly read or see on screen, whose scholarship and advice Washington’s politicians and other officials often use, are in some cases being paid, directly or indirectly, by the very countries [corporations, and oligarchs] on which they are offering advice and analysis. And here’s the catch: they can do so without ever having to tell you about it.”

Ben Freeman