aedens, That is real cute, and government wonder's why their society and their economy is having problems?aedens wrote:http://mikesmithspoliticalcommentary.blogspot.be/
Financial topics
Re: Financial topics
Re: Financial topics
For a lot of folks getting by is another industry of scale to abuse them only.
The Beveridge Report of old cited five social evils: squalor, ignorance, want, idleness and disease.
Of those five it is not hard to see who profits from it. That is the root issue as noted before.
That short pier is between the ears only.
The Beveridge Report of old cited five social evils: squalor, ignorance, want, idleness and disease.
Of those five it is not hard to see who profits from it. That is the root issue as noted before.
That short pier is between the ears only.
Re: Financial topics
Who Gets Thrown Under The Bus In The Next Financial Crisis?
http://www.zerohedge.com/news/2014-03-0 ... ial-crisis
by Charles Hugh-Smith of OfTwoMinds blog,
"The basic idea of the Deep State is that the visible machinery of governance--electoral politics and the Federal Reserve--doesn't set strategic policy, it ratifies and implements decisions made behind closed doors."
"The Deep State's prime directive is to preserve the Deep State itself and the nation it depends on for its survival. My analysis starts by identifying the vectors of dependency. (To the best of my knowledge, I am the first to use this term in this context.) The Deep State depends on the survival of the U.S. nation-state, but the nation-state does not depend on the Deep State for its survival, despite the certainty within the Deep State that "we are the only thing keeping this thing together."
"Though the Deep State's institutional bias is to focus on conventional national security issues, it must also monitor potential strategic threats created by issues such as climate change, immigration and Peak Cheap Oil. The financial crisis was apparently an unexpected and unwelcome distraction from the geopolitical Great Game, and the response of the Deep State was muted.
while the surface policies of the Federal Reserve and Federal government appear to serve the interests of the financial Elites, I am beginning to discern the possibility of a strategic Deep State response to the next (and inevitable) financial crisis."
"This crisis is simple to summarize: the paper claims on wealth so far exceed actual wealth that something's gotta give. These claims include trillions of dollars in shadow-banking bets (derivatives and other leveraged claims all teetering on a tiny base of real collateral) and trillions of dollars in debt-based claims on future income.
Simply put, the vast majority of these claims will have to be zeroed out, i.e. these phantom-claim "assets" will be voided and declared worthless. This leads to the key question: who will the Deep State throw under the bus to preserve itself and the nation-state?"
"As for all the financial claims on real wealth that will have to go to zero value, let's identify the operative vector of dependency with a question: which scenario most threatens the Deep State: 50 million hungry Americans taking to the streets shouting, "we're mad as hell and we're not going to take it any more!" or 10,000 financiers losing a couple trillion dollars in phantom wealth?
In other words, the phantom financier claims of Wall Street now pose a strategic threat to the integrity of the U.S. and its Deep State."
"The collapse of financier fortunes? While that would hurt some Yalie cronies, the Deep State is not Wall Street; it attracts those who prefer power to wealth and strategy to trading. I have no doubt whatsoever that the leadership of the Deep State would have no qualms about throwing bankers and financiers under the bus once they pose a strategic threat to the U.S. dollar and other financial interests vital to the Deep State, for example, keeping 300 million Americans distracted, placated and docile."
"What is essential to the Deep State's survival and supremacy and what is not essential? Are 10,000 obscenely wealthy financiers essential? No. Between saving the U.S. dollar and making whole the $100 trillion in nominal-value bets made by financiers in offshore shadow-banking accounts--there's no contest."
"I know this sounds "impossible" within conventional narratives, but I am increasingly confident that the financiers' phantom claims on real wealth will be thrown under the bus in the next global financial crisis. Look at it this way: there's essentially nothing left to stripmine from the bottom 80%; most have been reduced to neofeudal debt-serfdom. Since the survival of the nation-state depends on the 80% remaining either passive or productive, the Deep State has a vital strategic interest in both the U.S. dollar and in maintaining the social welfare programs that enable the bottom 80%'s survival.
The Deep State also needs the top 20% to remain productive to maintain U.S. soft and hard power. Transferring trillions of dollars in real wealth to make good the claims of the financier class would require the stripmining of the whatever assets the top 20% still hold. This transfer would directly threaten both the nation-state and the Deep State."
"Though everyone who is convinced the U.S. dollar will go to zero is confident that Wall Street will emerge victorious from the next financial crisis, I am convinced of the opposite: the Deep State will do whatever it takes to eliminate strategic threats to the integrity of the Deep State and the nation it depends on for its power and survival. In a financial crisis that threatens the dollar and the Deep State, the phantom claims of Wall Street's financier skimmers, scammers and swindlers will be tossed under the bus with few qualms. The triage might even be performed with a certain relish."
-------------------------------------------------------------
If one has spent a little time going to "unacceptable information sources" and talked to a few people that saw things that should not be true, The above seems completely logical. -- And the out come -- even necessary.
http://www.zerohedge.com/news/2014-03-0 ... ial-crisis
by Charles Hugh-Smith of OfTwoMinds blog,
"The basic idea of the Deep State is that the visible machinery of governance--electoral politics and the Federal Reserve--doesn't set strategic policy, it ratifies and implements decisions made behind closed doors."
"The Deep State's prime directive is to preserve the Deep State itself and the nation it depends on for its survival. My analysis starts by identifying the vectors of dependency. (To the best of my knowledge, I am the first to use this term in this context.) The Deep State depends on the survival of the U.S. nation-state, but the nation-state does not depend on the Deep State for its survival, despite the certainty within the Deep State that "we are the only thing keeping this thing together."
"Though the Deep State's institutional bias is to focus on conventional national security issues, it must also monitor potential strategic threats created by issues such as climate change, immigration and Peak Cheap Oil. The financial crisis was apparently an unexpected and unwelcome distraction from the geopolitical Great Game, and the response of the Deep State was muted.
while the surface policies of the Federal Reserve and Federal government appear to serve the interests of the financial Elites, I am beginning to discern the possibility of a strategic Deep State response to the next (and inevitable) financial crisis."
"This crisis is simple to summarize: the paper claims on wealth so far exceed actual wealth that something's gotta give. These claims include trillions of dollars in shadow-banking bets (derivatives and other leveraged claims all teetering on a tiny base of real collateral) and trillions of dollars in debt-based claims on future income.
Simply put, the vast majority of these claims will have to be zeroed out, i.e. these phantom-claim "assets" will be voided and declared worthless. This leads to the key question: who will the Deep State throw under the bus to preserve itself and the nation-state?"
"As for all the financial claims on real wealth that will have to go to zero value, let's identify the operative vector of dependency with a question: which scenario most threatens the Deep State: 50 million hungry Americans taking to the streets shouting, "we're mad as hell and we're not going to take it any more!" or 10,000 financiers losing a couple trillion dollars in phantom wealth?
In other words, the phantom financier claims of Wall Street now pose a strategic threat to the integrity of the U.S. and its Deep State."
"The collapse of financier fortunes? While that would hurt some Yalie cronies, the Deep State is not Wall Street; it attracts those who prefer power to wealth and strategy to trading. I have no doubt whatsoever that the leadership of the Deep State would have no qualms about throwing bankers and financiers under the bus once they pose a strategic threat to the U.S. dollar and other financial interests vital to the Deep State, for example, keeping 300 million Americans distracted, placated and docile."
"What is essential to the Deep State's survival and supremacy and what is not essential? Are 10,000 obscenely wealthy financiers essential? No. Between saving the U.S. dollar and making whole the $100 trillion in nominal-value bets made by financiers in offshore shadow-banking accounts--there's no contest."
"I know this sounds "impossible" within conventional narratives, but I am increasingly confident that the financiers' phantom claims on real wealth will be thrown under the bus in the next global financial crisis. Look at it this way: there's essentially nothing left to stripmine from the bottom 80%; most have been reduced to neofeudal debt-serfdom. Since the survival of the nation-state depends on the 80% remaining either passive or productive, the Deep State has a vital strategic interest in both the U.S. dollar and in maintaining the social welfare programs that enable the bottom 80%'s survival.
The Deep State also needs the top 20% to remain productive to maintain U.S. soft and hard power. Transferring trillions of dollars in real wealth to make good the claims of the financier class would require the stripmining of the whatever assets the top 20% still hold. This transfer would directly threaten both the nation-state and the Deep State."
"Though everyone who is convinced the U.S. dollar will go to zero is confident that Wall Street will emerge victorious from the next financial crisis, I am convinced of the opposite: the Deep State will do whatever it takes to eliminate strategic threats to the integrity of the Deep State and the nation it depends on for its power and survival. In a financial crisis that threatens the dollar and the Deep State, the phantom claims of Wall Street's financier skimmers, scammers and swindlers will be tossed under the bus with few qualms. The triage might even be performed with a certain relish."
-------------------------------------------------------------
If one has spent a little time going to "unacceptable information sources" and talked to a few people that saw things that should not be true, The above seems completely logical. -- And the out come -- even necessary.
Re: Financial topics
http://real-world-news.org/bk-quigley/07.html
condensed version from circa August 4, 1914
Accordingly, the bankers secretly devised a scheme by which their obligations could be met by fiat money (so-called Treasury Notes), but, as soon as that crisis was over, they then insisted that the government must pay for the war without recourse to fiat money (which was always damned by bankers as immoral), but by taxation and by borrowing at high interest rates from bankers.
condensed version from circa August 4, 1914
Accordingly, the bankers secretly devised a scheme by which their obligations could be met by fiat money (so-called Treasury Notes), but, as soon as that crisis was over, they then insisted that the government must pay for the war without recourse to fiat money (which was always damned by bankers as immoral), but by taxation and by borrowing at high interest rates from bankers.
Last edited by aedens on Mon Mar 03, 2014 3:14 pm, edited 1 time in total.
Re: Financial topics
And banker "suicides" like with a nail gun, are?aedens wrote:For a lot of folks getting by is another industry of scale to abuse them only.
The Beveridge Report of old cited five social evils: squalor, ignorance, want, idleness and disease.
Of those five it is not hard to see who profits from it. That is the root issue as noted before.
That short pier is between the ears only.
-
Higgenbotham
- Posts: 7998
- Joined: Wed Sep 24, 2008 11:28 pm
Re: Financial topics
"They" made a mistake thinking they had unlimited Chinese slave labor to exploit at the expense of the US bottom 80% forever. They will figure out that they don't own that Chinese slave labor, it was rented for a short time. The bottom 80% is no longer productive, nor is the top 20%. The US is dependent on Chinese labor to produce its necessities and to finance its excesses. Bernanke put the screws to the population too long and their productive skills were lost. I doubt the US will be able to make its own underwear when the rug gets pulled out.gerald wrote: Look at it this way: there's essentially nothing left to stripmine from the bottom 80%; most have been reduced to neofeudal debt-serfdom. Since the survival of the nation-state depends on the 80% remaining either passive or productive, the Deep State has a vital strategic interest in both the U.S. dollar and in maintaining the social welfare programs that enable the bottom 80%'s survival.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
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Higgenbotham
- Posts: 7998
- Joined: Wed Sep 24, 2008 11:28 pm
Re: Financial topics
These are the 10 day intraday charts of the Dow, S&P 500, Nasdaq Composite and key levels previously noted.
The market is showing early signs of a top. Next I'll post the monthly charts showing the bigger picture possibility that the market has topped out.
Those pops over the key levels look like little mini bubbles, don't they?
The market is showing early signs of a top. Next I'll post the monthly charts showing the bigger picture possibility that the market has topped out.
Those pops over the key levels look like little mini bubbles, don't they?
- DJIA2.gif (42.97 KiB) Viewed 2941 times
- SPX2.gif (42.68 KiB) Viewed 2941 times
- COMP2.gif (42.49 KiB) Viewed 2941 times
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
-
Higgenbotham
- Posts: 7998
- Joined: Wed Sep 24, 2008 11:28 pm
Re: Financial topics
The monthly charts show gaps down on the weekend news from record high closes in February on the S&P 500 and Nasdaq. The approximate key levels are at the red line.
- DJIAMONTH.gif (9.87 KiB) Viewed 2939 times
- SPXMONTH.gif (9.62 KiB) Viewed 2939 times
- COMPMONTH.gif (9.36 KiB) Viewed 2939 times
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
-
Higgenbotham
- Posts: 7998
- Joined: Wed Sep 24, 2008 11:28 pm
Re: Financial topics
http://www.marketwatch.com/story/stock- ... 2014-03-04MADRID (MarketWatch) — U.S. stock futures rallied early Tuesday, as appetite for riskier investments resurfaced after a report that Russian President Vladimir Putin has ordered troops back to base after the completion of military exercises.
In a reversal of what was seen in the early hours of Monday, futures for the S&P 500 jumped 20.3 points, or 1.1%, to 1,863.40, while those for the Dow Jones Industrial Average rose 173 points, or 1%, to 16,320. Futures for the Nasdaq-100 rallied 45.45 points, or 1.2%, to 3,713.75.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
-
Higgenbotham
- Posts: 7998
- Joined: Wed Sep 24, 2008 11:28 pm
Re: Financial topics
a, I don't think anything good has happened in the past week overall to justify a record high into our March 5/6, but that appears to be where we are going nonetheless. The futures are sitting close to new highs and since the stock market is partly a game of "what's the other guy going to do if I don't do it first" it will probably make the new closing high, then the participants can later question why it is at a new all time high when nothing good has happened in the past week, and sell from there. Anyway, upshot is that this overnight event sets up the March 5/6 top scenario like nothing else could have. I'm going into the morning 25% short. Thinking they may sell it off a bit early.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
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