Monday, January 18, 2016
is the oil glut just about oil?
suffocating the economy and rewarding the molluscs WAS the objective
“As a scholar of the Great Depression, I honestly believe that September and October of 2008 was the worst financial crisis in global history, including the Great Depression. If you look at the firms that came under pressure in that period. . . only one . . . was not at serious risk of failure. So out of maybe the 13 of the most important financial institutions in the United States, 12 were at risk of failure within a period of a week or two.”
Think about that for a minute. Not only was the US banking system hopelessly underwater, but also the world’s most lucrative and powerful industry was about to be removed from private hands and “nationalized”. Shareholders would be wiped out, bondholders would take severe haircuts, management would be replaced, and credit production would be returned to the representatives of the American people, US government officials.
Do you think the prospect of nationalization might have scared the hell out of Wall Street? Do you think the banksters might have concocted some crazy plan along with Bernanke and Treasury Secretary Henry Paulson to precipitate a crisis by euthanizing Lehman Brothers so they could extort $700 billion from Congress (TARP) before launching round after round of money printing under the deliberately-opaque moniker, Quantitative Easing?
Of course, they would. These are the same guys who had already stolen trillions of dollars from credulous investors in a fraudulent mortgage laundering scam that crashed the economy and brought the financial system to the brink of ruin. Does anyone seriously think that they’d wince at the prospect of dinging the public a second time by shifting their toxic assets onto the Fed’s balance sheet or by accessing free liquidity to fuel their illicit derivatives trades or their other pernicious high-risk activities?
Keep in mind, the Fed never could have carried off this massive looting operation without the help of both the Congress and the president. This simple fact seems to escape even the most vehement critic of the Fed, that is, that the Fed needed policymakers to strangle the economy while it implemented its plan or it would have had to abandon its reflation strategy.
Why??
Well, because if the economy was allowed to rebound, then higher employment would push up wages and raw material costs which in turn would boost inflation. Higher inflation would force the Fed to raise short-term interest rates which would put the kibosh on the cheap money Wall Street needed to buy-back its own shares or engage in other risky speculation. So the real economy had to be sacrificed for Wall Street. Hence, “austerity”.
The fact that Obama’s economics team, led by Lawrence Summers, was trying to lift the economy out of recession without creating conditions for a strong recovery was evident from the very beginning. We know now that chief White House economist Christy Romer wanted a much bigger fiscal stimulus package than the $800 bil that was eventually approved.
By CNu at January 18, 2016 0 comments
Labels: banksterism , Brookings , cephalopod mollusc , Obamamandian Imperative
nothing is moving
Commerce between Europe and North America has literally come to a halt. For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving.This has never happened before. It is a horrific economic sign; proof that commerce is literally stopped.
By CNu at January 18, 2016 0 comments
Labels: Peak Capitalism , weather report
Sunday, January 17, 2016
Open Thread: THE DOLLAR and THE BALLOT - please help BroCon Feed out...,
One day you will step beyond the well traveled rut within which you trek and begin to see that when it comes to POWER IN AMERICA
A. The two official currencies in America are THE DOLLAR and THE BALLOT
B. The primary chartered groups seeking to harvest these currencies from the masses are:
* Corporations (Which you frequently talk about)
* Organized Religious Organizations (which you frequently talk about)
* Unions
* Activist/ Civil Rights Organizations
* Political Parties
***AND The VIRTUAL Notions Of A RACIAL Group With Common Interests
C. That the common SYSTEMATIC SCHEME that each of them use compel their respective congregations to dutifully follow along are:
1) PROPAGANDA To Establish A Narrative For The Masses To Believe In (Branding)
2) A CORRUPT MEDIA To Dispense Enough Affirming Messages That EVEN WHEN A Congregant Starts To Believe That They Are Being Mislead By Bull Shit - His Fellow Foots Soldiers Are Indoctrinated Enough To Push Back, Compelling Him To "Get In Where He Fits In. (Just take a $49 candy bar phone (voice only) into your next meeting and note the taunting you receive. You telling them that you can purchase 16 of these phones for one of their iPhone 6S XL and you put the savings into your children's college fund will get you mocked further. )
3) COLONIAL FIELD AGENTS to enforce the message (see the people taunting you above)
4) The DESTINATION "HEAVEN" that the masses will receive ONLY IF they dutifully go along and don't challenge the establishment power arrayed before them. (The Good Guys who are on the "Right Side Of History")
So, dear sir, this leaves us to conclude that THE CORPORATIONS and THE BANKSTERS who you so frequently point to ARE BUT ONE SET of CAPITALIST OPPORTUNISTS running around in this ecosystem.
More damning to "The Least Of These" are the forces who:
* Got into power by fighting against yesterday's corporations
* Condemned these corporations when they departed from their zones of power where they promised to bring these corps to their needs in order to advance Social Justice and Equality for the masses.
* Saved face and were not run out of LOCAL POWER as they recalibrated their fight from a LOCAL FIGHT to a NATIONAL FIGHT and tricked their congregation to shift their hope for Social Justice and prosperity upward and outward, continuing to invest their HOPES and VOTES
They did ONE BETTER than the CORPORATION in that they:
* Compelled The Churches, Civil Rights Organizations, Unions to compromise themselves based on the promise that in unity and "No Hateration Allowed" they can build up a unified power block and MAKE THE DISENFRANCHISED PEOPLE PROUD once THEY GET INTO POWER. Today the LEAST OF THESE are tricked into living vicariously through the ESTABLISHMENT OF THEIR OWN CHOOSING and the MONEY and POWER that they have but do not need to share.
Where am I wrong, Sir?
By CNu at January 17, 2016 0 comments
Labels: open source culture
caught up talking dollars and ballots, guess somebody forgot the bullets third leg of the political stool...,
Five days after the killing, Ms. Mota’s mother, Juana Ocampo, joined a march through Temixco along with hundreds of residents dressed in white. Ms. Ocampo, a veteran community activist, knew her daughter had taken a dangerous job; hired killers, known as sicarios, have killed almost 100 mayors in Mexico in the last decade. But Ms. Mota had been undeterred.
“Since Gisela was a child, she wanted to get into politics, to change things,” Ms. Ocampo told me. Ms. Mota had called for an end to corruption in Temixco and for police reform, which may have made her a target. Still, Ms. Ocampo said, “I had never imagined that something like this could happen.” Ms. Ocampo, her face strong, held back her pain and tears. “I hope there is justice. Or we will have to take actions to demand that justice is done and the case is cleared up.” Marchers held banners proclaiming, “I am Gisela.”
Ms. Mota’s murder is the latest turn in the evolution of the Mexican drug business, a process that American and Mexican officials seem unable to grasp. For a decade, Mexican troops have worked with American agents to pursue kingpins, in what is known as the cartel decapitation strategy. Flamboyant gangsters with nicknames like “Tony Tormenta,” “the Engineer” and “the Viceroy” have been shot down or arrested. El Chapo, or Shorty, has been detained twice in less than two years. Yet while these kingpins rot in prisons and graves, their assassins have formed their own organizations, which can be even more violent and predatory.
By CNu at January 17, 2016 0 comments
Labels: killer-ape , The Hardline , What IT DO Shawty...
strange bedfellows in the oregon wildlife refuge collective insecurity club...,
By CNu at January 17, 2016 0 comments
Labels: CSC as ESS , killer-ape , micro-insurgencies , musical chairs
Friday, January 15, 2016
FTO school: what's occurring in the economy
By CNu at January 15, 2016 0 comments
Labels: cephalopod mollusc , debt slavery , parasitic , Rule of Law , What IT DO Shawty...
why do you all allow these parasites to play dice with your species existence?
By CNu at January 15, 2016 0 comments
Labels: banksterism , cephalopod mollusc , parasitic
bakken man-camp bubble bout to burst (need to use a boil-lancing video for this)
By CNu at January 15, 2016 0 comments
Labels: Collapse Casualties , Hanson's Peak Capitalism
Thursday, January 14, 2016
no need to equivocate or misdirect - The Federal Reserve Did This Isht!
By CNu at January 14, 2016 0 comments
Labels: banksterism , unintended consequences
poor canucks aboot to get the sharp short end of the stick...,
By CNu at January 14, 2016 0 comments
Labels: Collapse Casualties , contraction , weather report
oil and u.s. share prices tumble, even yeezus have to slash prices...,
The S&P 500, which closed at 1,890 points, suffered its worst day since September and has fallen by 10% since its November peak taking it into “correction” territory, something that has not happened since August 2014.
The Dow Jones industrial average dropped by 364 points, or 2.2%, to 16,151, and the Nasdaq composite dropped 159 points, or 3.4%, to 4,526. This deepened the New York stock exchange’s already worst start to a year on record.
Wednesday’s stock market declines were triggered by new figures showing US gasoline stockpiles had increased to record high, which caused Brent crude prices to fall as low as $29.96, their lowest level since April 2004, before settling at $30.31, a 1.8% fall. The oil price has fallen by 73% since a peak of $115 reached in the summer of 2014.
Industry data showed that US gasoline inventories soared by 8.4m barrels and stocks of diesel and heating oil increased by more than 6m barrels – confirming the forecasts of many analysts that a huge oversupply of oil could keep prices low during most of 2016.
Analysts said that growing fears of a weakening outlook for the global economy, made worse by falling oil prices, was behind the steep falls. Some oil analysts this week predicted that the price could fall as low as $10.
In recent days several analysts have warned that the global economy could suffer a repeat of the 2008 crash if the knock-on effects of a contraction in Chinese output pushes down commodity prices further and sparks panic selling on stock and bond markets.
By CNu at January 14, 2016 0 comments
Labels: Collapse Casualties , contraction , weather report
Wednesday, January 13, 2016
Joyeux 150e anniversaire M. Gurdjieff!
By CNu at January 13, 2016 0 comments
Labels: wake-up!
artificially limiting the content of consciousness...,
“Most people learn to save themselves by artificially limiting the content of consciousness.”
“This is the tragedy: Consciousness has forced us into the paradoxical position of striving to be unself-conscious of what we are—hunks of spoiling flesh on disintegrating bones.”
By CNu at January 13, 2016 0 comments
Labels: professional and managerial frauds , status-seeking , What IT DO Shawty...
is the hon.bro.min on the cusp of a Trump endorsement?
By CNu at January 13, 2016 0 comments
Labels: A Kneegrow Said It , quorum sensing? , The Hardline
Tuesday, January 12, 2016
can mr. miracle temporarily forestall political collapse in the u.s.?
By CNu at January 12, 2016 0 comments
Labels: Hanson's Peak Capitalism , The Hardline
half-a-trillion in fracking junk about to pop and make 2008 look like a cakewalk....,
By CNu at January 12, 2016 0 comments
Labels: banksterism , Collapse Crime , Peak Capitalism , reality casualties
Granny Goodness in Trub-bow....,
By CNu at January 12, 2016 0 comments
Labels: doesn't end well , Granny Goodness
Monday, January 11, 2016
another fabricated jobs report
Americans of prime working age, 25 years old to 54 year old, only received 16,000 or 5% of the new jobs.
Those aged 46 to 54 lost 165,000 jobs. In other words, middle aged people are losing their jobs before they can provide for their retirement.
There are 527,000 more Americans working multiple jobs in December 2015 than in December 2014.
Now, as we have done so often for many years, let’s look at the make believe jobs that the BLS claims. Almost all of them are in lowly paid domestic services, such as waitresses, bartenders, couriers and messengers, employment services, social services and health care (primarily ambulatory health care services).
The conclusion is that if we believe the payroll jobs report, the United States is now an economy that only creates Third World jobs in lowly paid domestic services.
And yet this non-economy on the verge of collapse is said by the idiots in Washington to be a super-power.
What a total joke!
PCR | Probably what we are observing is that the economic house of cards that the Federal Reserve has constructed together with financial deregulation depends heavily on reported jobs gains for its stability, and this stability is provided by the use of the birth-death model and seasonal adjustments to produce reassuring payroll jobs numbers.
As I have pointed out in numerous columns, if the reported jobs claims were real, the labor force participation rate would not be declining. If the reported jobs claims were real, people would be entering the work force attracted by employment opportunities. They would not be leaving the work force from discouragement and frustration in finding employment.
The Obama regime’s claim that the declining US labor force participation rate is the result of rising retirements is contradicted by the fact that the reported payroll jobs gains are primarily accounted for by the oldest age group, 55 and higher.
I am left with the conclusion that the 281,000 jobs produced by seasonal adjustments are the product of the misuse of seasonal adjustments in order to keep alive the appearance of economic recovery.
Keep in mind, also, that payroll jobs are the number of jobs, not the number of employed people. Many payroll jobs are part time with two or more being held by one person.
By CNu at January 11, 2016 0 comments
Labels: Collapse Casualties , Peak Capitalism , reality casualties , The Hardline
the baltic dry index is down 96.4% from its 2008 peak
By CNu at January 11, 2016 0 comments
Labels: Collapse Casualties , Peak Capitalism , What Now?
Sunday, January 10, 2016
exposed in all its whorey glory - two parties one psychopathocracy...,
Not the two front-runners in this freaky Republican primary. They’re unreservedly smug. They’re unabashedly mean.
If you’re not with them, you’re a loser (Donald Trump’s declaration) or you’re godless (Ted Cruz’s decree, more or less). They market name-calling as truth-telling, pettiness as boldness, vanity as conviction. And their tandem success suggests a dynamic peculiar to the 2016 election, a special rule for this road:
Obnoxiousness is the new charisma.
And it’s obvious, even if we don’t have statistical confirmation, that extreme wealth can do extreme spiritual damage. Take someone whose personality might have been merely disagreeable under normal circumstances, and give him the kind of wealth that lets him surround himself with sycophants and usually get whatever he wants. It’s not hard to see how he could become almost pathologically self-regarding and unconcerned with others.
So what happens to a nation that gives ever-growing political power to the superrich?
By CNu at January 10, 2016 0 comments
Labels: not a good look , psychopathocracy
Elite Donor Level Conflicts Openly Waged On The National Political Stage
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