Financial topics

[Higgenbotham]

Our state is already gone, dead, vapid, statist nightmare of self serving dullards sucking the marrow from the last standing taxpayers who have not already left or on the way out. The south will fall sooner or later and Texas is going to morph into the Socialist state of Texas.

That's basically it. The US economy collapsed in 2008 and in the 4th quarter of 2008 S&P profits went negative. The US money printing sucked value out of the rapidly growing and productive emerging economies to prop up the US corporations. The emerging world has been destroyed through this process and is collapsing, along with their stock markets. Europe is collapsing as we speak. The time that the US can continue to suck value out of the rest of the world's economies to prop itself up is rapidly drawing to a close and when that process is finished the collapse of the US economy will be astonishing in its speed. The US produces almost nothing except debt, which is why health care is something like 14% of the US economy. Texas and North Dakota are probably the only states with a positive trade balance.

[John]

> China's Great Leap Forward killed tens of millions of people in
> two years.

> I do not believe Obama Care is going to include the forced
> relocation of millions of people.

The forced relocation that you're referring to was taking
peasants out of their homes and moving them into communes,
but that didn't cause any significant number of deaths.

Here's an excerpt from my first book:

> The program failed because of the complexity of closely governing
> a large population, as described above.

> The individual peasants and managers were required to report the
> size of the crop harvests up the line to the central government,
> but there was no way to guarantee that the reports were accurate.

> On the one hand, there was no economic incentive for the farmers
> and managers to provide accurate reports, since everyone in a
> socialist society is paid the same ("according to his need").

> On the other hand, there was no independent check of the crop
> harvest estimates. If the population had been much smaller, then
> the central government might have been able to send out enough
> bureaucrats to check the reports, or at least do spot checks. But
> with about a billion peasants, no such meaningful checks were
> possible.

> For the farmers and managers themselves, there was plenty of
> political incentive to overreport the crop harvest results.

> As a result, even though actual crop yield in 1959 was a little
> smaller than it had been in 1958, the crop reports added up to an
> enormous increase in production, more than a doubling of
> output.

> By the time that Chairman Mao was finally ready to accept the
> situation, it was too late. There was too little food to feed
> everyone, and tens of millions died of starvation.

> Chairman Mao was disgraced by the disastrous failure of the Great
> Leap Forward, and his critics proliferated.

[aedens]

Meanwhile the SEC attacked the resource trusts. Staggering the speed of the bludegoning the life out of investors and it very survival in a core supply chain. Like the question I asked a few pages back on what came first the food shock or enegy shock in the seventys. It will be a food chain shock since the statist just shot cost structures in the ass even without the issues with water and weather. Remember the feedback loop from food and "the food weapon rhetoric" that caused the conflagaration back then. It is amazing and staggering how truly they are in the core focus to preserve there self licking ice cream cones to what they percieve as reality. I will repost the link on the brain rot then on policy to the so called historic visit as they just got warming up on the "debt bull dozing" models.

http://jewishfaces.com/china.html --- https://duckduckgo.com/?q=new+york+banks+funded+nazi
The republican who stated we are 10 years behind was told that since he is twenty on that specific problem as we all are in so many areas.
A good reminder is what was first in the seventys "the food shock or the oil shock?"

Bottom line is I have to trust the Independant FED as the one eyed king on the back of your dollar bill than the current insanity as they ignore the only life boat we are trying to defend on its birthday today. Indeed the hour appears late and no one is excused from the consequences of the current design of these fabian idiots in control called body politic. In some years ahead they will look at todays photos and think my goodness that was painfully obvious what they did in 2008.

[Higgenbotham]

"Sun Jun 02, 2013 2:05 pm

At the epicentre of the shale revolution is the US, and it represents a paradigm of the cost of technology. Sanford C. Bernstein found an “unprecedented” spike in the US oil marginal cost last year, jumping to $114 a barrel, up from $89 in 2011.

As Sanford C. Bernstein puts it, the shale revolution is bringing vast new supplies into the market that are capping oil prices just as production cost surged.

“Net income margins in the sector are now at the lowest in a decade,” the firm said after reviewing the economics of the world’s 50-largest listed oil companies. “This is not sustainable. Either prices must rise or costs must fall,” it added."

We got our answer. Costs didn't fall. Last price on oil futures is $101.30, up over $8 in the past 2 weeks.

[aedens]

Never will these Bureaucrats pull there head out the there you now what. As we seen what Andropov did and what surfaced later unscathed by design.
They are circling the herd with debt when it implodes and will claim what they want later just as the intel community did over there. It is no stretch to see just as John noted again. No accidents are there.... "But my prediction is that politicians will eventually be tempted to resolve the crisis the way irresponsible governments usually do: by printing money, both to pay current bills and to inflate away debt." Paul Krugman, Ph.D., Nobel Laureate in Economics, Professor of Economics at Princeton March 11, 2003

Example: I was fortunate enough to attend Harvard Business School for my executive education. The class that I was part of was made up of entrepreneurs from around the world. An Indian gentleman repeatedly made this statement “A fish rots from the head down.” I had never heard the saying, and I honestly had no idea what he meant. The next consolidation leg will be obvious now since Lily covered that very clearly in the collapses of zones from decimated resources in sectors of water, soil depletion rates ect...

As noted before: No gain means interest rates go up and investors flee bonds which boosts stocks very temporarily, then investors flee stocks - my opinion. Also, you can clear malinvestment with zero growth - if you don't have a debt bubble.

As we see going forward and it will be damn ugly thanks to the miracle of modern finance, commodities are now completely unnecessary. Everything can be cured by continuously supplying the world with more reserve currency which magically only ever goes up in value. Carry on.

It’s official; there is a “One World Government,” and it’s not political
Read more at http://www.nakedcapitalism.com/2013/07/ ... o3UhSq8.99

[Higgenbotham]

It’s official; there is a “One World Government,” and it’s not political
Read more at http://www.nakedcapitalism.com/2013/07/ ... o3UhSq8.99

When the productive small businesses begin to go under, then the only option left is to strip the remaining capital directly through taxation, confiscation, or default. The dark age is next. I've noticed Martin is now beating this same drum frequently about the coming dark age and why. Sample from today:

"Rome taxed everyone to death. Courts collapsed and became as corrupt as we are witnessing in New York right now. Eventually, people simply abandoned their real estate for they could not take it with them because they could not afford the taxes and it made no sense to stay there and be oppressed. This is why I say those in the cities are the first to go. When the system reaches that state of economic decay, then we enter into a dark age and you run the risk of a Mad Max event.

I can only hope that illustrating the FACTS and not personal opinion, if enough people start to see the light, then perhaps we can avoid the dark age and blink."

http://armstrongeconomics.com/armstrong_economics_blog/

No way in hell we can avoid a dark age at this point, in my opinion.

[aedens]

I do not think the taxpayers gets it yet. They are trying to set up the back half of the CRA with the ACA and it comes back to the fact of the matter of House and surety wards of housing and land collateral of assets to be redeemed. When you check out they check the boxes on look back and lay claim. Like it is now pay up, then sue the state and you know what you will get for your time on that. Good or bad it is what it is. Like it was noted well they trust away the money and I speculated maybe they already paid millions in taxes already. it was going no where since the chicken and the egg question is the paper trail to who generates what since the attitude lingers as you did not build that. And you can see the the snake biting its tail on that closing in on assets some say. Since the 2018 in our area to recover of press remittance the Office backed off point blank on the ACA cost to business since they eliminated over 100 million in cost structures and as before we know what happened when Bush tried that same approach. The administration is learning what we already seen before and like we note we will be the ones in the crossfire on this issue as always. And are... fungible capital and for those who went dark early they may of played it right to wait out the riders as we noted from day one on what was to be.

As C notes point blank: I know this last statement has earned me a fair share of crap in the comments section as a heartless capitalist swine, but the vitriol is just absurd. Many of the folks criticizing me can't or don't want to imagine themselves running a business, so let's say you have an annual salary of $40,000. Now, on top of all your other expenses, the government just mandated that you have to pay an extra $120,000 a year for something. That is the situation my business is in. Are you just going to sit there and allow your savings to become a smoking hole in the ground, or are you going to do something to avoid it? Unlike the government, I cannot run a permanent deficit and I cannot create new revenues by fiat. Congress allowed business owners a legal way to avoid the health insurance mandate, and I am going to grab that option rather than be bankrupted. So are every other service business I know of, which is why I have predicted that full-time jobs are on the verge of disappearing in the retail service sector.

No way in hell is anyone going to jump in a IRStasi wood chipper from hell for them. Just not going happen unless kool aid is cognac.
Poof it goes.....

[aedens]

Commitment of traders (COT). The commercials are selling at over 25 year highs. The speculators are buying it all at similar 25 yr record levels. This has been going on for 2 years.
Soon it will bite a few. Peak - peak as you noted price on oil futures is $101.30
We know who runs barter town.

https://www.youtube.com/watch?v=O5qJ7UoSAuI

http://www.scribd.com/doc/151533387/Hay ... Bass-China

[gerald]

As C notes point blank: I know this last statement has earned me a fair share of crap in the comments section as a heartless capitalist swine, but the vitriol is just absurd. Many of the folks criticizing me can't or don't want to imagine themselves running a business, so let's say you have an annual salary of $40,000. Now, on top of all your other expenses, the government just mandated that you have to pay an extra $120,000 a year for something. That is the situation my business is in. Are you just going to sit there and allow your savings to become a smoking hole in the ground, or are you going to do something to avoid it? Unlike the government, I cannot run a permanent deficit and I cannot create new revenues by fiat. Congress allowed business owners a legal way to avoid the health insurance mandate, and I am going to grab that option rather than be bankrupted. So are every other service business I know of, which is why I have predicted that full-time jobs are on the verge of disappearing in the retail service sector.

No way in hell is anyone going to jump in a IRStasi wood chipper from hell for them. Just not going happen unless kool aid is cognac.
Poof it goes.....

Obamacare's benefits --jobs

"Obamacare Strikes: Part-Time Jobs Surge To All Time High; Full-Time Jobs Plunge By 240,000"
http://www.zerohedge.com/news/2013-07-0 ... nge-240000

"In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 - an all time record high. Full time jobs? Down 240,000. And looking back at the entire year, so far in 2013, just 130K Full-Time Jobs have been added, offset by a whopping 557K Part-Time jobs."

How right you are A, when you run a business it HAS to be PROFITABLE and WORTH YOUR WHILE. Those that criticize you --- like the "benefits", but don't want want the "responsibility".

[aedens]

http://www.zerohedge.com/news/2013-07-0 ... al-economy