Wall Street shysters – The Burning Platform

CORRUPTION, CHAOS, CONFLICT – FOURTH TURNING ERUPTS IN 2024

“Americans today are increasingly polarized, as if they constitute two separate nations.” – Strauss & Howe – The Fourth Turning

“THESE are the times that try men’s souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph.” – Thomas Paine – The American Crisis

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Thomas Paine wrote these words 247 years ago, in the most historic year in our history – 1776. That was during the first American Fourth Turning. It’s not a coincidence we are now in the midst of our fourth Crisis period in U.S. history, as they arrive like clockwork every 80 years or so, the length of a long human life. Paine’s American Crisis began in 1773, ignited by the Boston Tea Party and the British reaction to this revolutionary act of defiance. Our current Millennial Crisis was triggered by the Federal Reserve/Wall Street/Government created financial disaster in 2008 and subsequent outrageously desperate, totalitarian, un-Constitutional, extreme acts designed to keep the ruling class in power, while impoverishing and enslaving the masses in a surveillance state techno-gulag.

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SEE YOU ON THE DARK SIDE OF THE MOON

Written in December 2019. Reposted in honor of the 50th anniversary of the album

And if the cloud bursts thunder in your ear
You shout and no one seems to hear
And if the band you’re in starts playing different tunes
I’ll see you on the dark side of the moon

Brain Damage, Pink Floyd

And if the dam breaks open many years too soon
And if there is no room upon the hill
And if your head explodes with dark forebodings too
I’ll see you on the dark side of the moon

Brain Damage, Pink Floyd

Pink Floyd’s 1973 Dark Side of the Moon album is considered one of the greatest albums of all-time. It stayed on the Billboard 200 charts for 937 weeks. Roger Waters concept was for an album that dealt with things that “make people mad”. The Dark Side of the Moon’s themes include war, conflict, greed, the passage of time, death, and insanity, the latter inspired in part by former band member Syd Barrett’s worsening mental state.

The five tracks on each side reflect various stages of human life, beginning and ending with a heartbeat, exploring the nature of the human experience, and empathy. The themes of this album are timeless and are as germane today as they were forty-six years ago, if not more relevant. The country and world are awash in conflict, driven by the greed of evil men. Decent, law abiding, hard-working, critical thinking Americans see the world going insane as the passage of time leads towards the death of an American empire.

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FOURTH TURNING WINTER OF DEATH

“Reflect on what happens when a terrible winter blizzard strikes. You hear the weather warning but probably fail to act on it. The sky darkens. Then the storm hits with full fury, and the air is a howling whiteness. One by one, your links to the machine age break down. Electricity flickers out, cutting off the TV. Batteries fade, cutting off the radio. Phones go dead. Roads become impossible, and cars get stuck. Food supplies dwindle. Day to day vestiges of modern civilization – bank machines, mutual funds, mass retailers, computers, satellites, airplanes, governments – all recede into irrelevance.

“Picture yourself and your loved ones in the midst of a howling blizzard that lasts several years. Think about what you would need, who could help you, and why your fate might matter to anybody other than yourself. That is how to plan for a saecular winter. Don’t think you can escape the Fourth Turning. History warns that a Crisis will reshape the basic social and economic environment that you now take for granted.” – Strauss & Howe – The Fourth Turning

It was less than a year ago on December 16, 2021 when our dementia patient in chief was instructed by his handlers to lie, obfuscate and demonize critical thinking Americans who refused to become victims of the Big Pharma, Fauci promoted, untested, unsafe, ineffective gene therapy by declaring “we are looking at a winter of severe illness and death for the unvaccinated — for themselves, their families and the hospitals they’ll soon overwhelm”. Biden’s vaccine mandates were overturned in the courts. The unvaccinated did not die from Covid. Very few people died from Covid. Some really old and infirm people on death’s doorstep died with Covid. Some very unhealthy obese people died with Covid. But even 95% of the old and unhealthy survived Covid.

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THE ROAD TO PERDITION IS PAVED WITH EVIL INTENTIONS – A FINAL RECKONING

In Part 1 of this article I pointed out how we have allowed ourselves to be cowed by authoritarian “experts” who have proven to be nothing but incompetent and wrong every step of the way, while the financiers have used the crisis once again to pillage the citizens as they did in 2008/2009.

The absurdity of shutting down this country based on academic death models that make economist and climatologist models look highly accurate in comparison, can be seen in the ludicrousness of the following chart. And realize we did this on purpose because of a virus that will kill .018% of the U.S. population. And most of those deaths will occur in several highly dense urban enclaves, with the rest of the country barely affected.

By shutting down the country the government has crushed virtually every business in the country and putting tens of millions out of work, with resulting crash in tax revenues at the Federal, State and Local level. At the same time, Trump and everyone in Congress have become Bernie Sanders socialists, except most of it is corporate socialism. The deficit was already on track to top $1.2 trillion, but with the $2.2 trillion stimulus package, and more to come, the deficit this year and next will approach $3 trillion.

“It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes. This is apparent from a social pathology: psychopaths rally followers.” ― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable

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P FOR PANDEMIC

“People should not be afraid of their governments. Governments should be afraid of their people.” – Alan Moore – V for Vendetta

“Authority, when first detecting chaos at its heels, will entertain the vilest schemes to save its orderly facade.” – Alan Moore – V for Vendetta

I wrote an article called V for Vendetta – 2011 just over nine years ago on the day after the Tucson shooting where congresswoman Gabrielle Giffords and eighteen others were shot by a psychologically disturbed lunatic, with six dying. At the time, I thought of the scene from the V for Vendetta movie where someone did something stupid and all hell broke loose. I expected a similar result from this act, but those in control of our society were successfully able to put a cork in the bottle, preserving their façade of order.

We learned shortly thereafter, through the patriotic efforts of Edward Snowden and Julian Assange, how the government was using the vilest of schemes to surveil every American through their abuse of the Patriot Act. The government has become an enemy of the people.

It is interesting to go back and view my conclusion from nine years ago and assess its accuracy as of today:

“This country has not reached the level of control and fear seen in Orwell’s 1984 and V for Vendetta, yet. We are moving relentlessly in that direction. Surveillance, monitoring, spying, censorship, secret prisons, predator drones, and conforming to state rules and regulations put citizens further under the thumb of an all-powerful state. The freedom to dissent, the freedom to be left alone, the freedom to speak out against injustice, the freedom to disagree with your government, and the freedom to present your ideas without fear of retribution or penalty are essential in a democratic society.

The next phase of this Fourth Turning will surely include another downward spiral in financial markets as un-payable debts accumulate to a tipping point level. When ATM machines stop spitting out twenties, food shelves are bare and gas stations are shuttered, social chaos will ensue. The government will react with further command and control measures. In V For Vendetta, the government creates a terrorist incident in order to gain unquestioned control over the population. Americans will need to be more vigilant than they have been over the last ten years in keeping an eye on their government.”

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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.

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)”

NO ONE GETS OUT OF HERE ALIVE

“The seasons of time offer no guarantees. For modern societies, no less than for all forms of life, transformative change is discontinuous. For what seems an eternity, history goes nowhere – and then it suddenly flings us forward across some vast chaos that defies any mortal effort to plan our way there. The Fourth Turning will try our souls – and the saecular rhythm tells us that much will depend on how we face up to that trial. The saeculum does not reveal whether the story will have a happy ending, but it does tell us how and when our choices will make a difference.” – Strauss & Howe – The Fourth Turning

As we wander through the fog of history in the making, unsure who is lying and who is telling the truth, seemingly blind to what comes next, I look to previous Fourth Turnings for a map of what might materialize during the 2^nd half of this current Fourth Turning. After a tumultuous, harrowing inception to this Crisis in 2008/2009, we have been told all is well and are in the midst of an eleven-year economic expansion, with the stock market hitting all-time highs.

History seemed to stop and we’ve been treading water for over a decade. Outwardly, the establishment has convinced the masses, through propaganda and money printing, the world has returned to normal and the future is bright. I haven’t bought into this provable falsehood. Looking back to the Great Depression, we can get some perspective on our current position historically.

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US vs. THEM (PART II)

In Part I of this article I discussed why the “Us versus Them” mindset permeates society and how Trump has become a lightning rod for hate. Now I will assess his progress in fighting the Deep State and try to peer into a murky future.

In addition to not being Hillary, the main reasons I voted for Trump was he promised to build the wall, he promised to repeal and replace Obamacare, he promised to end our foreign military interventions, he said he would bring fiscal sanity to the budget, he said the Federal Reserve had blown an immense stock market bubble, he questioned the fake economic data spouted by government drones, and he called out the fake news bullshit media. When I regularly assess his progress on these issues, the standard response from Trump acolytes is “Would you rather have Hillary?”. No, I would not. But that doesn’t get Trump off the hook for his failures in my book.

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US vs. THEM

“I’ll show you politics in America. Here it is, right here. “I think the puppet on the right shares my beliefs.” “I think the puppet on the left is more to my liking.” “Hey, wait a minute, there’s one guy holding out both puppets!”” – Bill Hicks

Anyone who frequents Twitter, Facebook, political blogs, economic blogs, or fake news mainstream media channels knows our world is driven by the “Us versus Them” narrative. It’s almost as if “they” are forcing us to choose sides and believe the other side is evil. Bill Hicks died in 1994, but his above quote is truer today then it was then. As the American Empire continues its long-term decline, the proles are manipulated through Bernaysian propaganda techniques, honed over the course of decades by the ruling oligarchs, to root for their assigned puppets.

Most people can’t discern they are being manipulated and duped by the Deep State controllers. The most terrifying outcome for these Deep State controllers would be for the masses to realize it is us versus them. But they don’t believe there is a chance in hell of this happening. Their arrogance is palatable.

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GOLDILOCKS IS DEAD

“Once you strip out the effects of the debt binge, the artificial stimulus via currency depreciation, and the fabled ‘wealth effect’ from the equity market runup, real GDP growth stripped-down to its core was the grand total of 0.7% last year. Potemkin would be proud.” – David Rosenberg

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It appears every president finds the religion of false economic narrative once they ascend to power. Trump never stops babbling and tweeting about the fantastic economy and raging jobs market since his election. He has embraced the stock market bubble as proof of his brilliant leadership, rather than the tens of trillions in debt propping up the most overvalued market in world history. Every president takes credit for any good news, spins bad news as good news, or blames the previous president for bad news that can’t be denied. The president has absolutely zero impact on the economy or stock market over the short term. It’s like taking credit for the sun rising in the east each morning.

The Big Lie method works wonders when you have a willfully ignorant, mathematically challenged, easily manipulated populace. I spent the entire Obama presidency obliterating the fake economic data perpetuated by his BLS, BEA and every other government agency trying to paint a rosy economic picture. I voted for Trump because the thought of Crooked Hillary as the president made me ill. Despite disagreeing with many of his economic, budgetary, and military policies during his first year in office, I’d vote for him again over Hillary in an instant. The thought of having that evil shrew running the country gives me chills.

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STUPID IS AS STUPID DOES

If you prefer fake news, fake data, and a fake narrative about an improving economy and stock market headed to 30,000, don’t read this fact based, reality check article. The level of stupidity engulfing the country has reached epic proportions, as the mainstream fake news networks flog bullshit Russian conspiracy stories, knowing at least 50% of the non-thinking iGadget distracted public believes anything they hear on the boob tube.

This stupendous degree of utter stupidity goes to a new level of idiocy when it comes to the stock market. The rigged fleecing machine known as Wall Street has gone into hyper-drive since futures dropped by 700 points on the night of Trump’s election. An already extremely overvalued market, as measured by every historically accurate valuation metric, soared by 4,000 points from that futures low – over 20% – to an all-time high. Despite dozens of warning signs and the experience of two 40% to 50% crashes in the last fifteen years, lemming like investors are confident the future is so bright they gotta wear shades.

The current bull market is the 2nd longest in history at 8 years. In March of 2009, the S&P 500 bottomed at a fitting level for Wall Street of 666. In a shocking coincidence, it bottomed on the same day Bernanke & Geithner forced the FASB to rollover like mangy dogs and stop enforcing mark to market accounting. Amazingly, when Wall Street banks, along with Fannie and Freddie, could value their toxic assets at whatever they chose, profits surged. The market is now 240% higher.

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WHAT THE HELL IS GOING ON? (PART TWO)

In Part One of this article I exposed the establishment narrative of a strong economy as rubbish by providing hard data regarding imploding gasoline usage, failing bricks and mortar retailers and plunging restaurant sales.

“Inflation may indeed bring benefits for a short time to favored groups, but only at the expense of others. And in the long run it brings ruinous consequences to the whole community. Even a relatively mild inflation distorts the structure of production. It leads to the overexpansion of some industries at the expense of others. This involves a misapplication and waste of capital. When the inflation collapses, or is brought to a halt, the misdirected capital investment—whether in the form of machines, factories or office buildings—cannot yield an adequate return and loses the greater part of its value.Nor is it possible to bring inflation to a smooth and gentle stop, and so avert a subsequent depression.” – Henry Hazlitt – Economics in One Lesson

Inflation is the opium of the masses. The establishment’s interest in dumbing down the masses through government controlled public school indoctrination couldn’t be clearer than examining the chart below. The average non-thinking, math challenged, iGadget distracted, media controlled pawn thinks their household income has risen by $6,000 since 2008 because they have no understanding of Fed created inflation.

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Here’s The Great Big Lie The Bulls Tell About The Stock Market

Guest Post by Mark Hulbert

Bearish P/E ratio calculation carries the most weight

The U.S. stock market’s P/E ratio is telling us in no uncertain terms that stocks are hugely overvalued. Given that, I would have thought the bulls would simply ignore it.

I was wrong.

In fact, many of the bulls have figured out how to torture the data in order to make it appear as though the stock market’s current valuation is in line with historical averages. It’s crucial that you understand what they’re doing so you don’t get seduced by their sweet-talking rationales.

The reason the P/E can seem to tell more than one story is that there is more than one way of calculating it. Though the “P” in the ratio — the price — is fixed, the “E” can vary by a lot. Some analysts focus on trailing 12-month earnings, for example, while others focus on estimated earnings over the coming year. Some calculate the P/E based on earnings as they are actually reported by the companies, while others rely on so-called “operating earnings” (which reflect a firm’s profits after excluding non-operating expenses such as taxes and interest).

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BTFD?

The CNBC bubble headed bimbos and brainless stock touting twits will be in ecstasy today as the ever predictable rebound is under way. The market will soar by over 500 points at the opening as the excuse of the day is China’s desperate interest rate cut to try and stem their downward spiraling economy and markets. The Wall Street captured boob tube brigade will tell their almost non-existent viewership that all is well. The terrifying plunge is in the past. The economy is great. Housing is strong. Stocks are now a bargain. It’s the best time to buy.

Now for some factoids. Six of the ten largest point gains in the history of the stock market occurred between September 2008 and March 2009. That’s right. During one of the greatest market collapses in history, the market soared by 5% to 11% in one day, six times. Here are the data points:

2008-10-13: +936.42

2008-10-28: +889.35

2008-11-13: +552.59

2009-03-23: +497.48

2008-11-21: +494.13

2008-09-30: +485.21

Do you think these factoids will be shared with the public today on the stock bubble networks? Not a chance.

The mindset of the arrogant clueless investor is that by the end of today they will have recovered over 50% of their losses incurred in the last week. Even if they think the economy is headed into recession, they will hold on hoping they can recover 100% of their losses before selling. If they are really dumb and trained like a monkey to BTFD, they will buy some Apple, Netflix, Amazon and Tesla today. Buying the dip has worked for the last six years. It will surely work this time.

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TRUST WALL STREET & THEIR MSM LACKEYS THIS TIME

The stock market topped out in January 2000 and proceeded to fall 40% over the next 32 months. Here is what the “experts” had to say at the time. You could fast forward to 2007 and the same idiots were saying the same things, before the market proceeded to drop 50%. Turn on CNBC today and many of these same shills are mouthing the same gibberish. At least they are consistent assholes.

March 1999: Harry S. Dent, author of “The Roaring 2000s.” “There has been a paradigm shift.” Poor Harry, the New Economy arrived, so did a long recession.

August 1999: Charles Kadlec, author, “Dow 100,000.” “The DJIA will reach 100,000 in 2020 after “two decades of above-average economic growth with price stability.”

October 1999: James Glassman, author, “Dow 36,000.” “What is dangerous is for Americans not to be in the market. We’re going to reach a point where stocks are correctly priced … it’s not a bubble … The stock market is undervalued.”

December 1999: Joseph Battipaglia, market analyst. “Some fear a burst Internet bubble, but our analysis shows that Internet companies … carry expected long-term growth rates twice other rapidly growing segments within tech.”

December 1999: Larry Wachtel, Prudential. “Most of these stocks are reasonably priced. There’s no reason for them to correct violently in the year 2000.” Nasdaq lost over 50%.

December 1999: Ralph Acampora, Prudential Securities. “I’m not saying this is a straight line up. … I’m saying any kind of declines, buy them!”

February 2000: Larry Kudlow, CNBC host. “This correction will run its course until the middle of the year. Then things will pick up again, because not even Greenspan can stop the Internet economy.”

April 2000: Myron Kandel, CNN. “The bottom line is in, before the end of the year, the Nasdaq and Dow will be at new record highs.”

September 2000: Jim Cramer, host of “Mad Money” on CNBC. Sun Microsystems “has the best near-term outlook of any company I know.” It dropped from $60 to below $3 in two years.

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CHRISTMAS SUCKED

The classic Wall Street bullshit parade is under way. JC Penney made the dramatic announcement that same store sales during the holiday period grew by a whole 3.7%. They grew by 3.1% last year. The previous year they FELL by an astounding 31%. This year also had an extra day versus last year.

So let me give you some perspective. If their sales were $100 in 2011 and they fell by 31% in 2012, rose by 3.1% in 2013, and rose by another 3.7% in 2014, that means they are now at $74. JC Penney’s holiday sales were still 26% lower than they were in 2011 and the Wall Street shysters jacked the stock up by 20% overnight. Think about that for a moment. They are celebrating results that leave them 26% below their sales level from four years ago.

Here is what the jackoff CEO from JC Penney did not reveal in his press release. What was the customer traffic increase? I’m sure most of the increase came from on-line business and pricing. He did not reveal the tremendous profits these sales will generate. You know why? Because JC Penny used huge promotions and discounts to achieve their mammoth 3.7% increase.

JC Penney will be reporting massive losses for the fourth quarter. The Wall Street shysters will have already sold after the 20% surge, because the stock will tank again.

The proof that Christmas sucked is revealed in the chart below. Checkout the 4th quarter of 2012. There were 14 retailers who announced their earnings would be less than expected and 12 who announced better than expected earnings. Look at this year. There have been 24 retailers announce WORSE earnings than expected and 3 better than expected. Does that sound like a great Christmas season?

This destroys the economic recovery meme sold to the public by Obama, Wall Street and the captured MSM media. Profits talk. If there really was a strong jobs recovery and the “tremendous” savings from gas price declines, consumers would be spending. The proof they are not is in the chart. Don’t believe the bullshit being heaped on you every day. Nothing but lies and propaganda.

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