Financial topics

[aedens]

http://gdxforum.com/forum/viewtopic.php ... 202#p22451

Bees as we warned. Just S Corp looting the LCC subordinated finance hives they control.
We warned early was wrong here H.
As we noted the game changes in 1202 AD when they had no choice in that event.
Johns gravity of thought is correct for GD purposes.
Energy margin and scarce resource management is the norm now.
The 3.3 year cycle noted lately by my internalized definition is complete.
As this time rendition pointed out, printing solve little to nothing in the flow
and you have to blind and to be polite "out" not to understand the phase
that will be only allowed. The States are the poster child for fish heads
and the white flags "cargo cults" who now isolated themselves.

[Higgenbotham]

It probably has to be said that this doesn’t work out to the kind of fast-crash fantasy that sees the global economy grind to a sudden stop in a matter of weeks, leaving supermarket shelves bare and so on. The events of the 2008 crash proved, if there was ever any doubt on that score, that the governments of the world are willing to do whatever it takes to keep economic activity going, and if bailing out their pals in the big banks is what’s needed, hey, that’s all in a day’s work. Now of course bailing out the big banks won’t stop the bankruptcies, the layoffs, the steep cuts to pensions, the slashing of local and state government services, and the rest of it, any more than the same thing did in the wake of the 2008 crisis, but it does guarantee that the perfect storms and worst case scenarios beloved of a certain category of collapsitarian thinkers will remain imaginative fictions.

http://thearchdruidreport.blogspot.com/ ... ality.html

There are many reasons to think that the worst case scenarios are valid at this time in history where previously they were not.

This paragraph is another evidence of belief that those in charge can somehow control a collapse; specifically he is saying that bailouts guarantee that worst case scenarios can't happen. They don't. A bailout may work one time and make things worse when it is tried again. Governments will do what governments do but, as in Rome, the day inevitably comes when what they will do no longer works and on that day it is over.

If you're in the business of publicizing predictions and want to be admired for being right, it is always wise to bet on the side of your government when establishing a track record of making accurate predictions. The day the government fails is the day nobody is any longer paying attention to predictions, but instead trying to survive one day at a time, and in most cases not surviving. Those who predict the worst case scenarios will not be admired but they may survive.

...bailing out the big banks...does guarantee that the perfect storms and worst case scenarios...will remain imaginative fictions.

WRONG.

[aedens]

Back to the 84 questions. So yes I agree. We are not in the darkness tho...
As we know the hammer is pulled back and the event we are aware of will pull it.

T nails the mood seen http://www.zerohedge.com/news/2015-01-0 ... enly-empty

Mother nature bats last.

[Higgenbotham]

Back to the 84 questions. So yes I agree. We are not in the darkness tho...
As we know the hammer is pulled back and the event we are aware of will pull it.

It could be argued that if government actions can control the descent, then by definition is no dark age is occurring yet. My view is that without bailouts the large banks would have been restructured with pieces of them left standing to build anew, while the current course of action ensures the dissolution of all currently standing institutions and the onset of darkness. Where people draw the line is arbitrary but somewhere in here I defined what a dark age means and it might be useful to look at that again and see how well it matches.

[aedens]

US debt
Federal 19 trillion
State. 1.9 trillion
Local. 1.9 trillion
Total 22.8 trillion
127 % of GDP
Or 380% of Total Govt Spend

No excuse, Voters are brain dead.

[Higgenbotham]

From December, 2011. Reading through this says to me we're not there yet by this definition. It is remarkable how so little has changed.

I'm going to make a novice attempt to define the difference between the beginning of a Dark Age and a typical fourth turning crisis era.

First attempt: A Dark Age is defined as the social and political breakdown of a regional or world hegemonic power which creates a power vacuum for which there is no clear and immediate successor.

Now I'll use Tuchman's words to further attempt to define a Dark Age.

"Mankind was not improved by the message. Consciousness of wickedness made behavior worse."

This is a clear distinction in my view and we are seeing Dark Age behaviors today, behaviors that have not been seen to this extent in seven centuries. As the financial crimes go unprosecuted, the consciousness of that knowledge has apparently increased the willingness to commit even bigger financial crimes.

"Rules crumbled, institutions failed in their functions. Knighthood did not protect; the Church, more worldly than spiritual, did not guide the way to God."

Another clear distinction. Today's dominant institution, the nation-state, which displaced the decrepit 14th century institutions, is failing in its functions, is not protecting, and is morally bankrupt.

"The towns, once agents of progress and the commonweal, were absorbed in mutual hostilities and divided by class war."

This hasn't happened yet, but the flash mobs, Anonymous and Occupy Wall Street movements are probably the beginning of the mutual hostilities and class war.

"The population, depleted by the Black Death, did not recover."

This hasn't happened yet, but if 14th Century timelines continue to hold, permanent population depletion will happen within 5 years and maybe 10 at the outside. It's already happened in the former Soviet Union.

"The war of England and France and the brigandage it spawned revealed the emptiness of chivalry's military pretensions and the falsity of its moral ones. The schism shook the foundations of the central institution, spreading a deep and pervasive uneasiness."

Already discussed somewhat above, and there does seem to be a deep and pervasive uneasiness.

"The oppressed were no longer enduring but rebelling, although, like the bourgeois who tried to compel reform, they were inadequate, unready, and unequipped for the task."

Already discussed somewhat above, and the Occupy Wall Street crowd, for example, clearly does seem inadequate, unready, and unequipped for the task of governance. If we are entering a Dark Age, it will be found that nobody can govern and part of the reason, I believe, is simply that the US as it exists is ungovernable. As mentioned before, I don't think any dictator in his right mind will want to take over the US and try to restore order because it can't be done. Also, see my definition above.

"They lived through a period which suffered and struggled without visible advance. They longed for remedy, for a revival of faith, for stability and order that never came."

I believe this in a nutshell is the future for the next several decades at least.

[Higgenbotham]

T nails the mood seen http://www.zerohedge.com/news/2015-01-0 ... enly-empty

T indirectly points out that governments, as of now, have the power to empty casinos and move the gamblers to the stock market. It still seems to me that the transition from the nation-state level governments having an abundance of power to manipulate and having no power will have to be quite sudden in the current instance and more sudden than it has been historically.

What contionues to surprise me is that with 7 billion people on the earth, a well organized, intelligent, and skilled group of 25-50 could wreak absolute havoc, but no vestige of that has happened since The Order. I believe I know precisely how that could be done but would hesitate to point out for the sake of argument a possible blueprint because for that they probably would come and haul somebody away or put them 6 feet under.

So I shall venture back into my cave which is the best place for me at this time.

[aedens]

No argument here on that. When I was in Texas the caves where nice to visit.
They will continue to churn out debased creatures until it goes. Any sense in the matter
already knows this.

Beyond repair. http://www.zerohedge.com/news/2015-01-0 ... nsequences

http://www.telegraph.co.uk/news/worldne ... -died.html

Danger zones abound. http://sputniknews.com/

http://sputniknews.com/trend/ukraine_scraps_2014/

One wants the dirt and the other wants whats under the dirt. Both are a toxic marriage....

[vincecate]

Thanks Higgy!

[gerald]

T nails the mood seen http://www.zerohedge.com/news/2015-01-0 ... enly-empty

T indirectly points out that governments, as of now, have the power to empty casinos and move the gamblers to the stock market. It still seems to me that the transition from the nation-state level governments having an abundance of power to manipulate and having no power will have to be quite sudden in the current instance and more sudden than it has been historically.

What contionues to surprise me is that with 7 billion people on the earth, a well organized, intelligent, and skilled group of 25-50 could wreak absolute havoc, but no vestige of that has happened since The Order. I believe I know precisely how that could be done but would hesitate to point out for the sake of argument a possible blueprint because for that they probably would come and haul somebody away or put them 6 feet under.

So I shall venture back into my cave which is the best place for me at this time.

Don't give them ideas