https://www.cbo.gov/system/files/115th- ... utlook.pdf
Source: Congressional Budget Office.
Real values are nominal values that have been adjusted to remove the effects of inflation. Potential GDP is CBO’s estimate of the maximum sustainable
output of the economy.
If it’s debt financed, you cannot increase GDP. You can only increase components of GDP.
Lacy Hunt
Illusion of solvency.
Basel Committee was established by the central-bank Governors of the Group of Ten countries of the member central banks of the Bank for International Settlements (BIS), which included Canada. A key objective of the Committee was and is to maintain “monetary and financial stability.” To achieve that goal, the Committee discouraged borrowing from a nation’s own central bank interest-free and encouraged borrowing from private creditors, all in the name of “maintaining the stability of the currency.”
http://qualicuminstitute.ca/federal-debt/
The presumption was that borrowing from a central bank with the power to create money on its books would inflate the money supply and prices. Borrowing from private creditors, on the other hand, was considered not to be inflationary, since it involved the recycling of pre-existing money. What the bankers did not reveal, although they had long known it themselves, was that private banks create the money they lend just as public banks do. The difference is simply that a publicly-owned bank returns the interest to the government and the community, while a privately-owned bank siphons the interest into its capital account, to be re-invested at further interest, progressively drawing money out of the productive economy.
Government has one monopoly. Violence, to hang or kill you to pay for illegals. They are not democrats and they serve no borders or ever will going forward. You will mocked, castigated and beaten to serve the collective suicide. The ladder has been pulled up and judgement is over. The branches of the collective went over the wire as we are annihilated.
Your correct H and not a damn things matter to these locusts as we warned going forward.
72,000 Americans died from drug overdoses in 2017, including illicit drugs and prescription opioids
I have watched it since 1978 like a plague of locusts as the trads where targeted to allow the plague to march forward.
From all indication 1986 was the end of endogeneity as noted from 1982 basel report.
Thu Apr 16, 2015 8:41 am
There is no proletarian, not even a Communist movement, that has not operated in the interests of money, and for the time being permitted by money - and that without the idealists among its leaders having the slightest suspicion of the fact. -Oswald Spengler-
As recently conveyed by another, All by design. Their crocodile fears are merely a way of telegraphing false credibility ahead of the next smackdown, which will be (of course) used to centralize control even further while fleecing the plebs via the cartel's vast systemics across every market in existence (even rogue exchanges like the noble IEX will be subjected to the pain). The inability of renormalization is the end game itself. Or as I always say "welcome to the (debt) hologram." It's like the carbon trading economy - you cannot construct a global order - you cannot make the quietly gold-backed RMB a hunt for the SDR as the new global reserve currency - without first subjecting the entire global economy to a meta heirarchy. The NWO cartel c3p0's are not hiding in Beijing or in the Tower of Basel - they are openly bragging in white papers about what they have done while pretending to be stupid for the sake of plausible deniability in front of the public. The hubris of what is effectively a break-away civilization, knocking on the door of a post-human, transhuman future - powered by quantum computing chipsets that heuristically invalidate encryption due to approximating a non-deterministic process, powered by machines which are rapidly displacing humans like never before, especially in military applications - this hubris is historically unprecedented. The double-game of feigning ignorance is the greatest sales act in the history of PR, Bernays would be proud of these maniacs.
As for the future - nothing will end - there may be mini black swans here and there, they may pull the plug on another institution, wired to blow, like Lehman, usher in a new cash grab and fleecing cycle - but the long-term is incremental rape, not some off the cliff scenario. The future is more holography. More fundamental decoupling of fundamentals from digital prices via the $7Q plus derivatives-based economic deathstar they have constructed. We are dealing with incrementalists here, they will NEVER give us the creative-destructive freedom of true correction. The jobs are gone and they aint coming back - there is no next Chinese people - the next "Chinese People" is robots. Authentic price formation is gone and it aint coming back, we can build all the alternative exchanges we want and we can even start mineral banks - too much power.
thread context:
The fourth crusaders earlier set the stage and helped the Venitian's dethone Alexius III a usurper in Constantinople in 1202 -1204 for payment of transport to Egypt. Zara from Hungary was conquered first for them also for the trade networks east. Baldwin of Flanders was made Emperor. When Constantinople fell later the West literally had to go West and the main flux period was 1532 to the unfolding of the new currency shift in power.
Walker 1918
previous thread: Even if you provide accurate data you will be eaten by that tribe. Simply they are what we discussed as the proverbial fatal deceit as before. Hayek knew this as did Keynes since they only differed on the entry point to sort out needed cartels on what you may remember as the 1346 cluster nodes which keep these neo pagans today from eating each other.
Already noted was the percentage of academic work percentages and their perceived quality.
I consider the caloric index per acre tells more than todays facts.
MMT served one purpose. Wired to implode interlopers called derivatives in the chain of claim custody.
China has their "social credit score" to control their chattel and America has the IRS and many other three letter agencies to control their chattel. This is what the state does and all governments do it and some are better at it than others.
The black and white cats are monitoring the margin mice and the short mice who are now controlled by the brokerages mandates as such now here and there.
So what? There are other ways to save money. Nothing in the -GNP- analysis says anything about actual value, including the value of the underlying currency once you've inflated it away. I'm sure the people of Venezuela have all kinds of savings when they're pushing around wheelbarrows. Democrats are insane minions.
In the field of psychology, the Dunning-Kruger effect is a cognitive bias in which people of low ability have illusory superiority and mistakenly assess their cognitive ability as greater than it is. The cognitive bias of illusory superiority comes from the inability of low-ability people to recognize their lack of ability.
In a word Optics since taxpayers have been relegated just as the Senate has been and is for a long time. I will leave most of it at Triffin's dilemma also and dual passport realities in my bias route. As we read another serial killer apprehended from the porous border regards.
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He has shown you, O man, what is good;
And what does the Lord require of you
But to do justly,
To love mercy,
And to walk humbly with your God?
Better men have tried and failed. They will plunge the country into civil war if they need to.
Whatever the future holds I will not condemn the Office.
https://www.zerohedge.com/news/2019-01- ... tays-power