Housing starts fell a very steep 6. One of the Rothschilds in his will left money for ongoing building projects in Israel, and the Rothschilds are honored with a Street named after hearing in Jerusalem. There must be deeper layers of meaning to this strange symbol that appears everywhere. Bitcoin higher interest rates will require significantly higher rates of taxes and inflation. They will instead be forced to borrow and print money senate their citizenry reject fiat minerals en masse and runaway inflation engulfs the world.
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The octagon, the 8 pointed star of Inanna, the oblong square, the hypercube: If there is no planned military operation, then, could Trump have had other aims? This makes perfect sense because raising the overnight interbank lending rate does not increase long-term rates unless growth and inflation are already running hot. However, the only reason there was neither of each is that our major trading partners followed Bernanke's lead and performed the very same QE and ZIRP utilized by the Fed. Employees can save tax-free and invest in a group of boilerplate options.
One of the Rothschilds in his will left money for ongoing building projects in Israel, and the Rothschilds are honored with a Street named after them in Jerusalem. But of minerals, multiple shooters destroys the official narrative and opens bitcoin door to an investigation that could expose, for example, an intentional false flag operation. The Global Fascist State: Hearing fear of recession and deflation is the primary reason why the year Note yield is currently falling. Aboriginal archaeological discovery senate Kakadu rewrites the history of Australia.
So, unless you need a mechanism to conduct illicit transactions, there really isn't any role for Bitcoins to fulfill. Gold is money; a newer and improved version does not exist. On September 5th, the members of both houses of Congress of the United States will clean the beach sand from between their toes and return to work.
Our public servants who occupy The House of Representatives have been working on their respective tans since July 29th. The Senate has had a little less time in the sun; they held their final vote on August 3rd despite their pledge to stay until August 11th.
Hopefully, they got a lot of rest, because they have a lot to do upon their return. By the end of September Congress will need to pass a budget bill to avoid a government shutdown.
Expect Tea Party Republicans to hold their ground on spending cuts while Trump petitions for his wall. According to recent tweets, Trump is pushing for this fight and welcomes a government shutdown. Get out the popcorn this could get interesting. Washington also need to increase the debt ceiling, to avoid a debt default that could trigger a global financial crisis. Republicans are promising that a default is impossible, but Congress also promised a repeal and replacement of Obamacare within the first days of the Trump Presidency, and Trump himself guaranteed to kill the ACA on day one--so I wouldn't hold my breath that increasing the nation's credit limit will go any smoother.
And they will have to juggle this full legislative agenda while dealing with North Korea, Russia-gate and Confederate Statue-gate. For a body of elected officials who have built their careers on doing nothing they have an enormous amount of legislation to sift through in an incredibly short amount of time. A strong dollar is emblematic of a vibrant economy.
Whereas, the opposite displays faltering GDP growth and a distressed middle class. This recent retreat in the dollar is also due to Mario Draghi's hint that he may pull back QE in the Eurozone. In their June meeting, The European Central Bank ECB failed to announce a policy change, but they did make some small changes to forward guidance, which has investors bracing for such an announcement at the September 7th meeting.
Draghi has recently expressed more confidence in the Eurozone economy. The expectation of ECB tapering has put downward pressure on our dollar. This is why the lynchpin for the global economy now rests on the shoulders of Mario Draghi and Janet Yellen—both of whom foolishly believe that their massive counterfeiting sprees have put the global economy in a viable and stable condition.
I intentionally left out Haruhiko Kuroda of the BOJ; even though he is the worst of the money printing bunch, at least he knows—along with everyone else--that he will never be able to stop counterfeiting yen. And, of course, the Fed has made it clear that it will begin reverse QE around the end of this year.
The memories of central bankers are extremely limited. That is how high yields were before ECB purchases began. However, these intractable yields were extant before the gargantuan increase in nominal aggregate debt levels incurred since the global financial crisis, which was abetted by the central bank's offering of negative borrowing rates. The central banks' prescription for boosting the economy out of the Great Recession has been: But now, central banks are in the process of reversing that very same wealth effect that temporarily and artificially boosted global GDP.
Therefore, by the middle of next year--at the very latest—we should experience unprecedented currency, equity and bond market chaos, which will be a trenchant change from today's era of absent volatility.
The vast majority of investors have fully embraced the passive buy and hold strategy due to confidence in governments and central banks. That misplaced confidence is the biggest bubble of all. Cryptocurrencies make good currencies, but fail miserably when trying to achieve the status of money.
Cryptocurrencies are both created and held electronically inside a virtual wallet. These digital currencies use encryption techniques to regulate the generation of new units and to verify the transfer of funds.
Cryptocurrencies operate independently of governments and are decentralized. The most popular cryptocurrency now is Bitcoin. Bitcoin has risen in popularity because, unlike government-backed fiat currencies, it has a finite number of coins million, Thus, the argument goes, it is superior to the fiat currency system and a viable replacement for precious metals because of the limited supply, anonymity, and independence of central bank authority.
Cryptocurrencies are driven by a technology called Blockchain that allows for the transfer of stocks, bonds, property rights and digital currencies; directly, in real time, and with lower fees, because there is no middleman. The Blockchain technology itself is revolutionary and will make transactions more trusted, transparent and immutable. While the technology driving cryptocurrencies is very interesting, the "coins" themselves are not equivalent with the Blockchain technology.
Cryptocurrencies are simply piggybacking on the blockchain as they masquerade as real money. To explain, we must first consider what the properties of genuine money are. First and foremost, money is a store of wealth. For centuries PM's have been the premiere storage of wealth — they have no challengers in this criterion.
In order to be a store of wealth, money must have intrinsic value. In other words, there needs to be a significant cost involved in the production of new money: Gold simply cannot be produced by decree. Most importantly, money must also be virtually indestructible and extremely rare.
Gold and platinum are extremely rare and do not corrode or oxidize. Essentially, they last forever. However, unlike PM's, fiat cryptocurrencies lose their utility during a simple power failure or whenever the internet goes down.
People who put their faith in cryptocurrencies have to ask themselves how confident they are that there will never be a victim of an Electromagnetic Pulse bomb or a nuclear war that disables all forms of electronic communication. Try bartering for a can of beans with a fried PC. A more likely scenario is that governments or hackers shut down Bitcoin exchanges. In fact, back in , there was the infamous Mt.
Gox hack, in which over , coins were stolen and almost caused the end of Bitcoin. The owners of cryptocurrencies must hope that governments never shut down the exchanges or websites that enable these electronic transactions. Governments can try to ban gold ownership, but that must be done on a door-to-door basis and is extremely difficult to accomplish.
But to place confidence in cryptocurrencies is to put faith that governments cannot control the internet. Gold and platinum are very rare within the earth's crust, and the mine supply of these elements increase marginally each year. And the number of elements that are rare and indestructible are known, fixed and miniscule. If scientists routinely discovered new elements by the hundreds that are virtually indestructible and extremely rare, the value of all existing PM's would become greatly diluted.
That dynamic is exactly what is happing with cryptocurrencies. Both cryptocurrencies and fiat paper money share this same inherent flaw: Even with this, the money supply of U. However, there are currently now over 1, digital currencies in existence, up from just a small handful in , and that number is growing by the day. These currencies are mostly homogeneous and therefore tend to act like a single commodity.
Of course, there are some small differences. Ethereum, the second most popular cryptocurrency, offers self-executing agreements coded into the blockchain itself. But the core of the technology—decentralized digital money—is the same throughout the cryptocurrency world.
Therefore, a more advanced currency with greater speed and capabilities would greatly reduce the value of all other inferior digital "money"; just as each new digital currency created greatly reduces the value of those already in existence.
The advocates of Bitcoin believe they have the upper hand to gold because it is limited to 21 million units. But what the holders of Bitcoins don't yet understand is that even though this one cryptocurrency is limited in supply, the universe of commodity-like cryptocurrencies is unlimited.
Because cryptocurrencies are driven by quickly changing technology, you have no idea when your cryptocurrency will become obsolete. Therefore, you can go to sleep believing your wealth is stored in the equivalent of an iPhone and wake up realizing your life savings is parked in an eight-track cassette.
Cryptocurrencies are an inferior form of money to PM's. After all, one has to question the durability and soundness of owning electrons inside a digital wallet. It is also a currency that has attracted a number of terrorists, black mailers, and child pornographers--giving governments a great motivation to regulate it. Precious Metals, such as gold and platinum, are the most perfect form of money known to humans.
This has been proven correct for thousands of years. Indeed, history clearly proves that all currencies backed by nothing eventual display that very same valuation--nothing. However well intentioned, in the end, the creators of cryptocurrencies are really just modern day alchemists; and what they ended creating is nothing more than fool's gold. But as we have seen back on this side of the hemisphere, the public's interest in these political scandals can be easily overlooked if the underlying economic conditions are favorable.
For instance, voters were apathetic when the House introduced impeachment proceedings at the end of against Bill Clinton for perjury and abuse of power. And Clinton's perjury scandal was indefensible upon discovery of that infamous Blue Dress.
The average citizen, then busily counting their chips from the dot-com casino, were disinterested in Clinton's wrongdoings because the economy was booming. Clinton remained in office, and his Democratic party gained seats in the mid-term elections.
Therefore, Abe's scandal is more likely a referendum on the public's frustration with the failure of Abenomics. When Shinzo Abe regained the office of Prime Minister during the last days of , he brought with him the promise of three magic arrows: The first arrow targeted unprecedented monetary easing, the second was humongous government spending, and the third arrow was aimed at structural reforms.
The Prime Minister assured the Japanese that his "three-arrow" strategy would rescue the economy from decades of stagnation. Unfortunately, these three arrows have done nothing to improve the life of the average Japanese person.
Instead, they have only succeeded in blowing up the debt, wrecking the value of the yen and exploding the Bank of Japan's BOJ balance sheet.
For years Japanese savers have not only seen their yen denominated deposits garner a zero percent interest rate in the bank; but even worse, have lost purchasing power against foreign currencies. The yen has lost over 30 percent of its value against the US dollar since Abe regained power in Meanwhile, the Japanese economy is still entrenched in its "lost-decades" morass; and growing at just over one percent year over year in Q1 Japan's dramatic slowdown in growth, which averaged at an annual rate of 4.
In addition to this, higher health care costs from an aging population have driven government health care spending to move from 4. Incredibly, this low-growth and debt-disabled economy has a Year Note that yields around zero percent; thanks only to BOJ purchases. Prime Minister Abe's plan to address this recent scandal-driven plummet in the polls is to increase government spending even more and have the BOJ simply step up the printing press.
In other words, he is going to double down on the first two arrows that have already failed! However, the Japanese people appear as though they have now had enough. And the nation would never be able to service this debt if the BOJ didn't own most of it. The sad truth is that the only viable alternative for Japanese Government Bonds JGBs is an explicit or implicit default. Japan is a paragon to prove that no nation can print, borrow and spend its way to prosperity.
Abenomics delivered on all the deficit spending that Keynesians such as Paul Krugman espouse. But where is the growth? Japanese citizens are getting tired of Abenomics and there are some early indications that they may vote people in power that will force the BOJ into joining the rest of the developed world in the direction of normalizing monetary policy.
The reckless policies of global central banks have left investors starving for yield and forcing them out along the risk curve. But interest rates are set to rise as central banks remove the massive and unprecedented bid on sovereign debt—perhaps even in Japan. A chaotic interest rate shock wave is about to hit the global bond market, which will reverberate across equity markets around the world.
Is your portfolio ready? This powerful and protracted bull market has made Cassandras look foolish for a long time. Those who went on record predicting that massive central bank manipulation of markets would not engender viable economic growth have been proven correct.
However, these same individuals failed to fully anticipate the willingness of momentum-trading algorithms to take asset prices very far above the underlying level of economic growth.
Nevertheless, there are five reasons to believe that this fall will finally bring stock market valuations down to earth, and vindicate those who have displayed caution amidst all the frenzy. Congress needed to shave two weeks off its August recess in an effort to make headway on raising the debt ceiling, which will hit the absolute limit by mid-October, and how to fund the government past September 30th of this year. Tea-Party Republicans, as well as Office of Management and Budget Director Mick Mulvaney, would like to add spending reform riders to the debt limit bill.
Treasury Secretary Steven Mnuchin is looking to pass a "clean" bill. If Mnuchin gets his clean debt ceiling bill passed, the show-down will then move to the appropriations bills used to fund the upcoming fiscal year.
For the past few years, Congress has been pushing through last minute continuing resolutions, rather than passing a budget, to provide funding at a rate of the previous year's funding.
Not being able to make progress on either of these measures will lead to a government shutdown that could leave markets and Trump's tax reform agenda in a tail spin.
The Donald may find it very convenient to "Wag the Dog" before the year closes out. What is needed is a "fantastic" distraction from his failure to reach an agreement to repeal and replace Obamacare and to push through with a tax reform package. Also, an assault on Kim Jong-un's nuclear facilities would go a long way in reducing the media's obsession with Russiagate.
Trump promised that a nuclear strike against the U. Trump also urged China to, "put a heavy move on North Korea" and to "end this nonsense once and for all. On June 7th the spread between China's 10 and 1 year Sovereign bond yields became negative. This was only the second time since that such an inversion occurred, and this time around it became the most inverted in history. An inverted yield curve, no matter what country it occurs in, is a sign of severe distress in the banking system and almost always presages a recession.
A recession, or even just a sharp decline in China's GDP growth, would send shock waves throughout emerging markets and the global economy. Indeed, on July 17th the major indexes in China all plunged the most since December due to investor fears over tighter monetary and economic controls from Beijing. If the yield curve remains inverted into the fall, look for exacerbated moves to the downside in global markets.
The head of the ECB, Mario Draghi, stated in late June that deflationary forces have been replaced by reflationary forces. This simple statement sent bond yields soaring across the globe in anticipation of his inevitable official taper announcement that could be made as soon as September 7th.
German year Bund yields are still about basis points below the ECB's inflation target, and about bps below implied nominal GDP. This means when Mr. Draghi actually starts removing his massive bid from the European bond markets yields should spike suddenly and in dramatic fashion—regardless of the pervasive weak economy. Rapidly rising borrowing costs on Europe's over-leveraged economy would cause investors to worry about future growth prospects and send high-frequency front-runners scrambling for the narrow exit door at once.
Now, after QE has been wound down to zero and four rate hikes have taken place, the Fed will likely announce the actual start date for the selling of its balance sheet at its September FOMC meeting. The problem is that global central banks are tightening monetary policy as the economy weakens. This would exacerbate the move higher in bond yields caused by the ECB's Tapering.
That could be enough to send the passive ETF investing sheeple jumping off a cliff en masse. The end of central bank monetary accommodations, which is coming to a head this fall, is the primary reason to believe the odds for a significant stock market correction could be just a couple of months away.
Adding to this perilous situation is the record amount of NYSE margin debt outstanding, along with the fact that institutional investors have just 2. In other words, investors are levered up and all-in. Since the election of Donald Trump, the Dow Jones Industrial Average has reached a record high one out of every four trading days. The average days without such a decline is and respectively. This market is overvalued, overextended and extremely dangerous! Therefore, it is very likely this long-overdue market correction could be worse than the ordinary 20 percent decline.
The upcoming stock market toboggan ride is not only starting from the second highest valuation in history, but also with the balance sheets of the Fed and Treasury already severely impaired.
In other words, there just isn't a lot of room left to lower interest rates or to run up huge deficits in an attempt to quickly pull the economy out of its downward spiral.
It is time to put a wealth preservation strategy in place before the fall arrives. Illinois officials have been frantically working on a massive 5-billion-dollar tax increase to stop the major rating agencies from downgrading their debt to junk. Their last-minute maneuvers increased the personal income tax rate to 4.
And the state's annual pension obligation is now looming around 25 percent of its budget. But Illinois is not alone in its fiscal woes.
The salient issue here is not just that tax receipts are short of liabilities but that asset returns are falling far short of their projected targets. This highlights the fundamental flaw in governmental pension accounting: This process expects that all returns will mirror the best years and doesn't consider market volatility, let alone a recession and bear market. This flawed and deceptive assumption model has led other states, such as Ohio, to have unfunded liabilities over six times their estimated state-only tax revenues.
Optimistic actuarial assumptions have proven to be too optimistic about such factors as employee longevity and enrollment in early retirement programs.
Pension fund managers have been underweight U. This has left their exposure to equities at the lowest levels since the s. Pension fund managers prudence has led them to invest in things like Treasury bonds and "investment-grade" corporate bonds that have been displaying record-low yields.
Many private companies learned a long time ago that defined benefit pension plans were unsustainable and replaced them with a K. Employees can save tax-free and invest in a group of boilerplate options. And while there is a risk that these plans will not provide for the employee in retirement, the risk is on the employee and not the employer.
Public sector unions that represent a reliable voting block have kept defined benefit pensions alive and well for government employees. It's easy for politicians to make these kinds of promises because the burden to pay the bill doesn't fall directly on the employee, but rather on the broader tax base. But the truth is your tax bill could explode as local governments bail out these insolvent pension plans--just ask the taxpayers of Illinois. New Jersey and Maine had to close state parks over part of the July 4th weekend.
Moving on to Social Security and Medicare, whose "trust funds" are nothing more than additional Treasury IOU's masquerading as assets, are going to need more than the current payroll taxes from the next generation to stay solvent.
And this phantom interest income is allowing it to be accounted for as cash flow positive thru But beginning in , total income is projected to be less than expenditures, generating annual deficits and drawing down on the Trust Fund itself until it is depleted in Things are going to get much worse before they get any better.
This is because during the next economic crisis there is a good chance that both stock and bond prices could tumble. Falling GDP growth would not only send earnings and equities into a tailspin; but given the record amount of debt already in existence, the overwhelming supply of new issuance resulting from the fiscal imbalance should send bond prices cratering and yields soaring.
This would occur just in time to hit employees' k plans. Janet Yellen has promised that there will not be another crisis in our lifetime. The truth is central banks will never be able to let go of their humongous and unprecedented interest rate suppression. This current attempt to normalize interest rates will cause market and economic chaos of unmatched proportions.
Sadly, the broken public and private pension plans have condemned the Fed to an endless pursuit of asset bubbles and inflation to portray the illusion of solvency.
Citigroup's Economic Surprise Index just hit its lowest level since August But this level of disappointment has ironically emboldened the Fed to step up its hawkish monetary rhetoric. The truth is that the hard economic data is grossly missing analyst estimates to the downside as the economy inexorably grinds towards recession.
This anemic growth and inflation data should have been sufficient to stay the Fed's hand for the rest of this year and cause it to forgo the unwinding of its balance sheet. But that's not what's happening. But why is the Fed suddenly in such a rush to normalize interest rates and its balance sheet? Perhaps it is because Ms. Yellen wants to fire Trump before she hears his favorite mantra, "you're fired," when her term expires in early It isn't a coincidence that these Keynesian liberals at the Fed started to ignore the weak data concurrently with the election of the new President.
A Q1 GDP print of just 1. And a lack of evidence for a Q2 rebound in the data hasn't done so either. April housing data was very weak: New home sales in the single family category were down And even though there was a small bounce back in housing data in May, Pending Home Sales have fallen three months in a row and were down 0. Retail sales dropped, 0. It's not just economic growth indicators that are disappointing, but also evidence of disinflation abound everywhere.
Commodity prices are also illustrating signs of deflation. Further evidence of deflation is seen in the fact that the spread between long and short-term Treasury Yields are contracting. The Household Survey is a leading indicator for the Establishment Survey and the overall employment condition. Wall Street's currently favorite narrative is one of strong earnings growth. But according to FactSet, nearly half of Q2's projected 6.
Excluding this sector, EPS growth is projected to be just 3. The economy should continue to move further away from the Fed's growth, and inflation targets as its previous monetary tightening starts to bite. The odds are very high that such a weak print on jobs will occur before the next hiking opportunity on Sept. From there it will turn to panic as the economy and stock market meltdown. And, most importantly, the coming market crash and recession will occur with the balance sheets of the Treasury and Fed already extremely stretched.
Hence, an extrication from this recession will not happen quickly or easily. All of the above makes this the most dangerous market ever. This crash and ensuing economic downturn, which given history, logic and the data should happen soon; will alter the Fed's current stance on monetary policy. But it will happen too late to preclude a very steep decline in GDP. Trump cannot push through his tax cutting agenda rather quickly it may be both Ms. Yellen and the Republicans that find themselves moving out of D.
That's the direction some high-profile economist and former members on the FOMC want to go. According to these academics, including Narayana Kocherlakota the former president of the Federal Reserve Bank of Minneapolis from to , raising the inflation target just isn't enough. They want to put a time horizon on it as well. Their rational for doing both actions is to reduce the level of real interest rates, which they somehow believe is the progenitor for viable GDP growth.
You see, once the Fed has taken the nominal Fed Funds Rate to zero, there isn't much more room to the downside unless these money manipulators assent to negative nominal interest rates. But charging banks to hold excess reserves is fraught with danger, and so far this idea has been eschewed in this country and has been proven ineffectual in Europe.
The next recession could be just around the corner and the Fed is thinking about ways to stimulate the economy given the fact that the amount of ammunition--the number of rate cuts until the F. With very little leeway available to reduce borrowing costs, these mainstream academics want to facilitate more negative real interest rates by ensuring inflation is higher right from the start.
The math is simple: But as to why these Keynesian academics are so convinced a lower real interest rate is better for economic growth is never clearly explained. Probably because it is a nonsensical tenet and the biggest fallacy in all of central bank group think. Their spurious logic dictates that a lower unemployment rate is the primary cause of rising rates of inflation and that a higher rate of inflation is supportive for lowering the unemployment rate.
Exactly how this simple model arrives at that conclusion is never cogently explained; other than the mistaken belief that inflation and growth are synonymous terms. But history and genuine economics clearly illustrate that inflation does not bring about growth, nor does it necessarily lower the unemployment rate.
In fact, a rising rate of inflation often leads to higher rates of unemployment. This is the exact opposite of the Phillips Curve dogma held at the Fed, which dictates that a falling unemployment rate is the totality of inflation.
The reality is that the humongous amount of new credit pumped into the system by global central banks has primarily landed in financial assets, not consumer price inflation. Central banks will purchase assets directly from the public or the Treasury instead of through the banking system. In other words, getting new money into the public's hands causing an increase in broad-based money supply and inflation.
The next stock market plunge and concomitant GDP collapse is approaching quickly. The Fed is preparing investors for its ultimate response; which will be to guarantee a higher inflation rate and to put a timestamp on it as well. But those efforts will only vastly exacerbate the stagflation condition suffered by the middle class.
Those that possess a keen insight to the direction of markets are aware of this phenomenon and are moving into precious metals now; while they are still able to afford them. The economic ruse that is run by Communist China is growing bigger by the day. The formula behind what has been the Great Red Engine of global growth is really very simple: Print new money and funnel it through the state-owned banking system in order to entice businesses and individuals to incur a debilitating amount of non-productive debt.
Historically speaking, countries that have utilized this ersatz form of economics have suffered a currency and bond market crisis. But the command and control government of China always seems to be one step ahead of the laws of economics; and has been able to defer the inevitable day of reckoning due to its large currency reserves.
However, those reserves have dwindled as the nation was forced into selling its dollar-based assets and defend the value of the yuan. To aid in propping up the yuan, China has deployed a unique cocktail of regulations and market trickery.
In addition to outright currency manipulation, trading bands and strict capital controls, China has now resorted to simply making up prices for its currency. The China Foreign Exchange Trade System, which is managed by the PBOC, changed the way it values the country's currency each morning and the way it is allowed to fluctuate through the day. The government currently sets a benchmark value for the yuan against a basket of currencies for which the yuan is then allowed to fluctuate in value by 2 percent during the day.
You would assume the opening benchmark level would be based on the currency's closing value the day before. But the Chinese government contends that the market just isn't getting it right.
Therefore, they are introducing a "countercyclical variable". The omniscient Chinese government will now determine the opening benchmark value of the currency. Because after all, the government of China is great at pretending it has a better view of supply and demand than millions of individuals voting with their wallets each day.
But the currency manipulation doesn't end there. The Chinese government still has the less regulated offshore yuan to contend with.
Investors that believe the yuan will fall in value will go short the currency outside of China. This involves borrowing yuan in Hong Kong, swapping it for dollars and then repatriating it back at a more favorable rate.
There are risks associated with borrowing the yuan. When these risks rise it can force investors to close out this trade, which has the effect of pushing the yuan higher. Therefore, in order to crush the Yuan bears, China followed up its countercyclical variable by sending margin costs for borrowing the offshore yuan through the roof and forcing a short squeeze.
The overnight CNH Hibor rate, spiked from 5. And with this it appears China's currency will live to die another day. We are living in a world where market manipulation has reached unprecedented proportions and any vestiges of the free market are extremely hard to find. This is especially true throughout the developed world.
China sets a GDP target and then fudges with the number to ensure its accuracy. It fabricates economic numbers and is the world leader in the production of alternate facts. Spinning a fairy tale as it pretends to move towards a more market-based system. But to imagine China can repel these economic forces forever would be to defy centuries of data that says otherwise. The offshore Yuan speculators represent the incipient dissolution of confidence in the government and its currency.
The Chinese government can only manipulate the message from the market for so long. But by the early 's money printing caused the government to abandon the dollar's gold backing, and stagflation soon followed. Heck, even the Roman Empire couldn't hold back the forces of inflation forever. This destruction of confidence in governments and their fiat currencies do not happen overnight.
But history is clear that markets always win and governments always lose…reality triumphs over fiction. China's fairy tale will come to an end. A pernicious end that will be shared by the Euro and the Dollar as well. Those seeking a much better ending will need to park their wealth in gold.
The bounce in Treasury yields witnessed after the election of Donald Trump is now decaying in the D. If the Fed continues to ignore this slow growth and deflationary signal from the bond market and continues along its current rate hiking path, the yield curve will invert by the end of this year and an equity market plunge and a recession is sure to follow. An inverted yield curve, which has correctly predicted the last seven recessions going back to the late 's, occurs when short-term interest rates yield more than longer-term rates.
Why is an inverted yield curve so crucial in determining the direction of markets and the economy? Because when bank assets longer-duration loans generate less income than bank liabilities short-term deposits , the incentive to make new loans dries up along with the money supply.
And when asset bubbles are starved of that monetary fuel they burst. The severity of the recession depends on the intensity of the asset bubbles in existence prior to the inversion. The Federal Reserve has traditionally controlled overnight lending rates between banks. Nevertheless, outside of these QE programs, the long end of the yield curve is primarily influenced by the inflationary expectations of investors.
The yield curve inverts when central banks believe inflation is headed higher; but bond investors are convinced of the opposite. The last two times the yield curve inverted was in the years and This next inversion will occur in the context of record high equity, real estate and bond market valuations that will require another government bailout. However, this time around the recession will commence with the balance sheets of the Fed and Treasury extremely overleveraged right from the start.
As you can see from the chart below, if the year Note yield orange line continues to fall along its current trajectory; and the Fed plods along with its avowed Dot Plot hiking path blue line , the yield curve should invert around the end of Market chaos and another brutal recession should soon follow.
One of the most popular Wall Street myths is that long-term interest rates rise simply because the Fed is raising the Fed Funds Rate F. This normally occurs because the central bank is trying to catch up to rising inflation and is initially behind the curve.
However, later on in the tightening cycle long rates begin to decline as inflation is stamped out of the economy. For example, from June thru June the Fed raised the F. That means the Benchmark Note went up just 50 bps even though the F. The fear of recession and deflation is the primary reason why the year Note yield is currently falling. It has subsequently raised rates three times and is now most likely already ahead of the curve due to the anemic state of the economy.
But, as always, the Fed fails to read the correct economic indicators and is now fixated on the low unemployment rate and its dubious effect on inflation. Some argue that the yield curve won't invert if economic growth stalls because the Fed will then truncate its rate hike path.
And indeed there is a lot of evidence for the Q2 recovery narrative to be proven false. For instance, April data on existing home contract closings declined 2.
And new homes weren't much better as single family home sales declined Pending home sales also disappointed falling 1. Then we had Durable Goods falling 0. These data points highlight the reality that Q2 will not spring higher from the anemic Q1 growth rate.
But the problem is that the F. Therefore, even if we get just two more hikes before the Fed realizes growth is faltering, that rate will be near 1. In the economy slows enough that even the Fed takes notice, the year Note yield should retreat back to where it was in July of 1. In this second scenario, the yield curve inverts despite the Fed's failure to consummate its Dot Plot plan. While this may avoid an inversion of the yield curve, it would also siphon off capital from the private sector, as investors divert yet more money to the Treasury.
An aggressive selling of the Fed's balance sheet is a very unlikely scenario given the minutes of the May FOMC meeting. In that meeting the Fed decided to merely taper the re-investment of its balance sheet, which is the pace in that it stops reinvesting its assets. Therefore, the only rational way to avoid an inverted yield curve, market chaos and a recession is if long-term Treasury yields reverse their long-term trend lower due to a rapid increase in GDP growth.
This would only occur if Trump's agenda of repatriation of foreign earnings, tax cuts and infrastructure spending is imminently adopted. But the probability of this happening very soon is getting lower by the day.
An inverted yield curve will lead to market disorder as it did in and Therefore, when the yield curve inverts for the third time this century you can expect unprecedented chaos in markets and the economy to follow shortly after.
This is because the yield curve will not only invert at a much lower starting point than at any other time in history, but also with the Fed and Treasury's balance sheets already severely impaired. There will be unprecedented volatility between inflation and deflation cycles in the future due to these factors. This represents a huge opportunity for those that can identify these inflexions points and know where to invest.
To be just a bit more specific, sell your long positions now and get short once the curve inverts; and then get prepared to hedge against intractable inflation when the Fed responds to this next collapse with helicopter money. The rational being that it expects the financial strength of the economy to erode, as GDP growth slows and debt levels continue to pile up.
What is Beijing's response to the slowing economy and intractable debt accumulation that was just underscored by Moody's: China's One Belt One Road OBOR Initiative seeks to answer the age-old question of what a maniacal communist country does when they have exhausted the building of unproductive assets at home. China hits the road and attempts to rebuild the ancient trade routes once called the Silk Road; but in a much bigger way.
During the time of the Emperors, the Silk Road was the main path that provided the exchange of goods and cultures connecting otherwise remote and inaccessible areas of the world. Today, modern air transportation has supplanted travel by donkeys, canoes and camels, and the major challenges of satisfying genuine demand for commerce in these regions has already been satisfied; at least for the most part.
But the lack of genuine free-market demand for capital goods or fixed asset investments has never been a deterrent for China. And it is no secret that the Chinese seek to gain the same dominance in these regions as the U. The problem for China is that the Marshall Plan was implemented by the United States at a time when the dollar had won the right to enjoy the world's reserve currency status.
Therefore, at the time of the Marshall Plan the world afforded the U. But in the case of China, since it does not have the world's reserve currency, it must resort to capital controls and currency manipulation to keep the value of the yuan from depreciating significantly. Despite this precarious and dangerous scheme, the two major Chinese Banks are jumping feet first into financing some of the poorest countries around the globe with sketchy credit in order for China to play Marco Polo.
Adding to this, the government's Export-Import Bank of China is putting up the financing for 1, projects in 49 countries. This is a huge risk to the Chinese Banks, which are already owed a lot of money from foreign borrowers. The Chinese government is in a very difficult position. For years their economy was fueled by borrowing and printing money for the purpose of building unproductive fixed assets that do little in the way of generating sustainable GDP growth.
And now China's economic activity is expected to drop to 6. But the mirage of sustainable growth in China is being perpetuated by increasing the debt load and digging more holes, with the hopes of keeping the citizens placated and the current regime in power. However, adding to the tally of dollar-based loans at this precarious juncture is nothing short of insane.
Central banks continue to hold the fragile global economy together by monetizing debt and propping up asset bubbles in record proportions. Therefore, they will ultimately engender unprecedented currency, equity, bond and economic chaos worldwide. Trump's economic agenda has become further delayed by what seems like daily leaks from the White House.
This may finally bring about the long-awaited equity market pullback of at least 5 percent. However, what will prove to be far more troubling than Trump's ongoing feuds with the DOJ and the press, is the upcoming market collapse due to the removal of the bids from global central banks. The markets have been feeding off artificial interest rates from our Federal Reserve and that of the European Central Bank and the Bank of Japan for years. In addition, the global economy has been stimulated further by a tremendous amount of new debt generated from China that was underwritten by the PBOC.
After it reached the saturation point of empty cities, China is now building out its "Belt and Road Initiative" that could add trillions of dollars to the debt-fueled stimulus scheme that has been spewed out over the world-wide economy. Adding to this, the NY Fed just informed us that households are spending like its In fact, Total U.
The perma-bulls on Wall Street argue this willingness to take on debt demonstrates optimism among banks and consumers about economic growth. Right now, the daily leaks out of the White House are sucking all the oxygen out of the room. But worse, they are delaying what Wall Street really needs to sustain the illusion of economic viability--a massive corporate tax cut that is not offset by eliminating deductions or reduced spending. After all, the market is in a desperate need of a reason to justify these valuations now that the Fed has abandoned Wall Street—at least for the time being.
But the truth is this extremely complacent and overvalued market has been susceptible to a correction for a very long time. But just like Trump, it has so far behaved like it is coated in Teflon. North Korean Atomic bomb tests, Russia election interference, Trump's alleged obstruction of justice, an earnings recession, GDP with a zero handle; who cares?
As long as a tax cut could be on the way and global central banks keep printing money at a record pace, what could go wrong?
It is still unclear if the latest Trump scandal provides an opportunity to yet again overlook these salient facts and simply view this sell off as just another buying opportunity. However, in the longer term we believe that the inevitable exodus of Central Bank manipulation of interest rates is going to bring chaos to the major averages, as it blows up the asset bubbles that have been underwritten by the mountain of new debt purchased by these same banks.
The Fed has ended its QE programs, for now, and is marching down the dangerous path of interest rate normalization. And the ECB will be forced to follow shortly. It is then that these bankers will realize that the record amount of debt they sponsored requires a record low level of debt service payments to keep the solvency illusion afloat.
Once this bond bubble pops it will prove devastating for those investors that have been inculcated by central banks for decades that every single down tick in stocks is a buying opportunity, along with the mistaken and dangerous belief that active investing should have gone extinct long ago.
This isn't a surprise because, after all, his proclivity to print paper encompasses the totality of what his courage to act was all about. The errors in logic made in his book are too numerous to tackle in this commentary; so I'll just debunk a few of the worst. But his misdiagnosis stems from a refusal to ignore the millions of fallow workers outside of the labor force that would like to work if given the opportunity to earn a living wage.
Bernanke also fails to recognize the surge of productivity from the American private sector that would emerge after the economy was allowed to undergo a healthy and natural deleveraging cycle. Also, the former Fed Chairman should learn a lesson from history.
Reagan also enjoyed a rising dollar, falling inflation, lower taxes and tumbling interest rates. All that is needed to grow the U. Therefore, the best way to lift the economy out of its debt-disabled condition is to reverse Bernanke's foolish "courage to act" in regards to the record breaking and massive distortion of interest rates he imposed on the economy.
But according to Bernanke, the manipulation of interest rates was a success because there was no dollar collapse and no runaway inflation, as many Austrian economists had predicted.
However, the only reason there was neither of each is that our major trading partners followed Bernanke's lead and performed the very same QE and ZIRP utilized by the Fed. Nevertheless, what Bernanke did create is a triumvirate of asset bubbles extant in bonds, stocks and real estate that cannot be undone without first crippling the economy.
And the Fed's allure of virtually-free money for eight years engendered the accumulation of a record amount of new debt that still needs to be unwound. Therefore, the primary retardant to growth isn't the current level of tax rates, unlike what the new Republican regime would like you to believe. The salient and impending danger lies in the precarious position of asset bubbles and leverage that will lead to unprecedented interest rate volatility and market chaos in the near future.
What Bernanke also appears happy to overlook is that our over-leveraged economy has eviscerated the American middle class by robbing savers; and saddling them with stagnant real wages and a reduced standard living. Indeed, the truth is the Fed not only delayed a depression in , but also rendered the economy into a condition of perpetual stagnation. The economy only grew at 1. Looking forward through the remainder of , we find that commercial and industrial loan growth is rolling; over along with distress in student, auto and credit card assets.
April BLS jobs data showed a sharp slowdown in the Household Survey to just k net new jobs created, down from the k figure in March. Studies have proven data from the Household Survey leads that of the Establishment Survey during inflection points of the economy.
This is what we see now; in addition to a global banking crisis that is already fracturing in China, Japan and in Europe. It's really just common sense; artificially-low interest rates, asset bubbles and over-indebtedness cannot be fixed by simply printing money like it is confetti. But the worst news is the efforts that began under Mr. Bernanke have merely delayed the inevitable depression that will only be exacerbated by the increased precipice from which asset prices and debt levels must now fall.
For those investors who have yet to seek protection for their portfolios from the coming reality check, the courage to act is now. President Donald Trump has finally unveiled his broad blueprint for tax reform. Well, at least let's call it a sketchy outline of one. Even though Trump's proposed tax plan offers more questions than answers, what is clear is that the administration is no longer working off the pretense that tax reform will seek revenue neutrality. Instead, it looks like Trump and the Republicans are leaning towards pretending that dynamic scoring of tax cuts will suffice for a revenue neutral plan.
Here is the irony: But now we are hearing those same Republicans arguing that tax cuts will pay for themselves through growth. It's true that tax cuts will grow the economy, and allowing job creators to keep more of their money is certainly a nobler way of blowing a hole in the deficit than the Obama plan of expanding transfer payments. But the idea that these tax cuts will completely pay for themselves in a short period of time is ridiculous. First, let me be clear, I am for low taxes. In fact, in a perfect world the corporate tax rate would be zero.
Corporations would be able to use more of its own profits to grow the business and pay the remainder out to shareholders in the form of stock buy-backs and dividends. But given the proclivity to borrow from future generations by both parties, we are very far from a perfect world. Therefore, the goal should be to cut taxes and to cut spending now; with the objective being sustainable economic growth. And sustainable GDP growth can only be achieved by increasing the private sector while shrinking the public sector--and that can only be done by keeping the budget in balance.
But both parties appear incapable of cutting spending—especially showing any guts to tackle Social Security and Medicare. For the past eight years Republicans talked the talk about fiscal restraint and blamed the Obama presidency for the profligate spending and massive increase in debt.
But now that the Republicans are in charge it is evident both groups like to spend money…just on different things. And while Obama preferred to invest in failing alternative energy companies and Obama phones, Republicans are hankering for more spending on the military, a beautiful wall on our southern border and a litany of Ivanka Trump's latest pet-projects; such as paid maternity leave and combating climate change.
The party who once immersed themselves in the waters of fiscal austerity has suddenly developed an aversion to anything resembling fiscal rectitude. This is true even before the passage of unpaid for tax cuts and the absurd assumption that there will not be a recession over the next 10 years. According to the CBO's baseline projections, growth in spending—particularly for Social Security, health care, and interest payments on federal debt— significantly outpaces growth in revenues over the coming ten years.
Unconsciously, or on purpose. Socialism has never been about toppling power-hungry leaders. Its pretension of equality and share-and-care is a cover for totalitarianism by the few, for the few. The Global Fascist State: They would labor for it. There was no transition government. The government may not officially own such corporations, as in the classical definition of socialism, but at the top, the government and the biggest corporations are cooperating, as one. Because their minds are clouded with propaganda and feel-good New Age oatmeal.
They will fall for any program on that basis. If pernicious medical experts assure them that mandated mass vaccination will protect the planet from disease, they will snap up that vision in a minute.
The control of private property, from above, is of course one of the tenets of socialism. Oligarchs, who promote their brand of socialism, who are also Globalists no nations, no borders , want to sweeten their pot through floods of immigrants. This is their premise and their goal. They mean business, literally and figuratively.
He rails against the State. The State - to whom, when the pressure is off, he claims every citizen should swear allegiance, so that money and property and services and goods and energy and every necessity and luxury of life can be managed, for the benefit of all. Suspected Las Vegas shooter Stephen Paddock maintained deep ties to ISIS, suggests new evidence as a clear picture of what actually happened comes into focus.
Multiple shooters in Vegas: Paddock had been radicalized, either for real or as part of a cover as he had the hallmarks of an intelligence agency cutout. Intelligence agencies were behind the rise of ISIS. Paddock worked for a major aerospace company which had connections with Skunkworks — and he held multiple pilot licenses. There was more than one shooter, and Paddock was clearly not acting alone.
There is a major cover-up of the shooting that is frustrating state and federal-level investigators who are being roadblocked by deep state insiders, sources told Infowars. Evidence is suggesting that Paddock was possibly a gun runner for an intelligence agency, which would explain all the guns and the other aforementioned oddities surrounding the shooting. Even his radicalization would still fit into that narrative — remember, former CIA Director John Brennan was rumored to have converted to Wahhabism.
This video lays out all the evidence indicating there was more than one shooter: Video reveals two different types of firearms firing simultaneously. Shots fired at the Vegas Bellagio the same night as the concert attack?
ISIS featured a photo of the Mandalay Bay hotel drenched in blood on the cover of its latest newsletter — and the terrorist group also claimed Paddock was radicalized six months before. Was the Vegas shooter a patsy? CBD can help with nausea, sleeplessness and chronic pain, advocates say The Ministry of Health has said that cannabidiol CBD , which is found in cannabis and hemp, is covered by the Act and has instructed Customs to seize any products containing it at the border. One of the members of the government's own advisory panel on illegal drugs, ESR scientist Keith Bedford, agreed with her interpretation, Ms Grey said.
CBD is available in some US states and other countries as a food, dietary supplement and medicine. It could be used for chronic pain, insomnia and nausea, which made it helpful for people suffering from illnesses such as cancer, Ms Grey said. The ministry's current stance was especially illogical, given that Food Standards Australia and New Zealand had recommended that hemp seed products be approved for sale in both countries, she said.
It was also already scheduled as a medicine in New Zealand, as it was an active ingredient in Sativex, a cannabis spray product. She was waiting on further information the ministry was getting from its advisory panel, she said.
Hospitals across the globe begin dispensing medical cannabis oil to patients. Study finds marijuana could slow memory loss and delay onset of Alzheimer's in the elderly. October 9 From: The editor of The American Conservative, where Giraldi had been a contributor for a decade and a half, was terrified that the magazine was associated with a critic of Israel and quickly terminated the relationship. Such abject cowardice as the editor of The American Conservative showed is a true measure of the power of the Israel Lobby.
Many seasoned experts believe that without the influence of the Israel Lobby, particularly as exerted by the Jewish Neoconservatives, the United States would not have been at war in the Middle East and North Africa for the last 16 years. These wars have done nothing for the US but harm, and they have cost taxpayers trillions of dollars and caused extensive death and destruction in seven countries and a massive refugee flow into Europe.
For a superpower such as the United States not to be in control of its own foreign policy is a serious matter. Giraldi is correct and patriotic to raise this concern. Americans should think about the fact that Israel is the only country on earth that it is impermissible to criticize. A persistent critic is likely to be charged with trying to incite a new holocaust.
George Soros is a "Public Enemy". The power of the Israel Lobby is seen in many places. The incongruity of an organization created to oppose defamation engaging in defamation as its sole purpose passes unremarked.
Israel is very proud of its power over the United States. Israeli political leaders have a history of bragging about their power over America.
But if an American complains about it, he is a Jew-hater. The only safe way for an American to call attention to the power Israel has over the US is to brag about it. Khazarians Then, Khazarians Now So, let me put it this way: The stupidity of the goy is easily overcome by the more capable Jew. Hats off to Israel for outwitting the dumbshit Americans and taking over their foreign policy.
Perhaps Israel should take over US domestic policy as well. Or have they already? Since the Clinton regime, the Treasury Secretaries have been predominately Jewish.
We can say that their financial talent makes them natural candidates for these positions, but it is disingenuous to deny the influence of this small minority in American life. This influence becomes a problem when it is used to silence free speech. How I Got Fired. How I Got Fired It noted that some individual American Jews and organizations with close ties to Israel, whom I named and identified, are greatly disproportionately represented in the government, media, foundations, think tanks and lobbying that is part and parcel of the deliberations that lead to formulation of U.
Inevitably, those policies are skewed to represent Israeli interests and do serious damage to genuine American equities in the region.
This tilt should not necessarily surprise anyone who has been paying attention and was noted by Nathan Glazer, among others, as long ago as This group of Israel advocates is as responsible as any other body in the United States for the deaths of thousands of Americans and literally millions of mostly Muslim foreigners in unnecessary wars in Afghanistan, Iraq, Libya and Syria.
It has also turned the U. For Whom And For What? Some observers, including former high government official Philip Zelikow, believe that Iraq was attacked by the U. On April 3rd, just as the war was starting, the Israeli newspaper Haaretz headlined:. And the deference to a Jewish proprietary interest in Middle Eastern policy produces U.
Ambassadors to Israel who are more comfortable explaining Israeli positions than in supporting American interests. My suggestion for countering the overrepresentation of a special interest in policy formulation was to avoid putting Jewish government officials in that position by, insofar as possible, not giving them assignments relating to policy in the Middle East.
As I noted in my article, that was, in fact, the norm regarding Ambassadors and senior foreign service assignments to Israel prior to , when Bill Clinton broke precedent by appointing Australian citizen Martin Indyk to the position.
I think, on balance, it is eminently sensible to avoid putting people in jobs where they will likely have conflicts of interest. Another solution that I suggested for American Jews who are strongly attached to Israel and find themselves in a position that considers policy for that country and its neighbors would be to recuse themselves from the deliberations, just as a judge who finds himself personally involved in a judicial proceeding might withdraw.
The argument that such an individual could protect American interests while also having a high level of concern for a foreign nation with contrary interests is at best questionable. As George Washington observed in his farewell address;. The widespread criticism actually proved to be excellent in terms of generating real interest in my article. Many people apparently wanted to read it even though some of the attacks against me and Plame deliberately did not provide a link to it to discourage such activity.
As of this writing, it has been opened and viewed , times and commented on 1, times. Most of the comments were favorable. Some of my older pieces, including The Dancing Israelis and Why I Still Dislike Israel have also found a new and significant readership as a result of the furor. One of the implications of my original article was that Jewish advocacy groups in the United States are disproportionately powerful, capable of using easy access to the media and to compliant politicians to shape policies that are driven by tribal considerations and not necessarily by the interests of most of the American people.
Those same powerful interests are systematically protected from criticism or reprisal by constantly renewed claims of historic and seemingly perpetual victimhood. But within the Jewish community and media, that same Jewish power is frequently exalted.
It manifests itself in boasting about the many Jews who have obtained high office or who have achieved notoriety in the professions and in business. We have to hit them in the pocketbook. Jewish power, whether it be intellectual, academic, economic, political - in the interest of justice is the right thing to do. My article, in fact, began with an explanation of that one aspect of Jewish power, its ability to promote Israeli interests freely and even openly while simultaneously silencing critics.
I described how any individual or:. It came three days after my article appeared. I called him a coward and he replied that he was not. I do not know exactly who on the TAC board decided to go after me. Several board members who are good friends apparently were not even informed about what was going on when firing me was under consideration.
As Gilad Atzmon has observed one of the most notable features of Jewish power is the ability to stifle any discussion of Jewish power by gentiles. But the defenestration by TAC, which I will survive, also contains a certain irony. Pat is right on the money. He was pretty much describing the same group that I have written about and raising the same concern, i. Pat was, like me, called an anti-Semite and even worse for his candor.
The group that started the war that has since been deemed the greatest foreign policy disaster in American history is still around and they are singing the same old song. And TAC has not always been so sensitive to certain apparently unacceptable viewpoints, even in my case. I write frequently about Israel because I believe it and its supporters to be a malign influence on the United States and a threat to national security.
Three days later, another shoe dropped. I was supposed to speak at a panel discussion critical of Saudi Arabia on October 2nd. Would I do something different if I were to write my article again today?
I would have made clearer that I was not writing about all or most American Jews, many of whom are active in the peace movement and, like my good friend Jeff Blankfort and Glenn Greenwald, even figure among the leading critics of Israel. The crowd stoking fears of Iran is largely Jewish and is, without exception, responsive to the frequently expressed desires of the self-defined Jewish state to have the United States initiate hostilities.
This often means supporting the false claim that Tehran poses a serious threat against the U. When all is said and done the punishment that has been meted out to me and Valerie Plame proves my point. The friends of Israel rule by coercion, intimidation and through fear. Unfortunately, at that point, it will be too late to do anything about it.
Philip Giraldi is a former counter-terrorism specialist and military intelligence officer of the United States Central Intelligence Agency. Senator Burr said that although his committee will not be investigating news organizations, it does plan on providing the public with the information needed to hold them responsible for what they reported. Will we see this news reported by the presstitute media? Intelligence Committee Chairman Richard Burr said that although his committee will not be investigating news organizations, it does plan on providing the public with the information needed to hold them responsible for what they reported.
Russia, for its part, has consistently denied any interference in the election. Can Prove Russia Narrative is False. President Trump Warns Ominously: Since the day he took the job, his opponents have screamed about Russian meddling with the electoral process, and yelled from the rooftop about impeachment.
And yet Trump, so far, appears to be untouchable. Does he have some secret advantage or leverage? Is he somehow always one step ahead? This is where thing take a very bizarre turn. But nor do I wholly reject it. If Donald Trump can really time travel, then surely he could have achieved more? It seems to me more like he foresaw potential futures and knew that he had to take a certain course in order to prevent the worst from happening.
Did he see something about a Hillary presidency and did he then manage to convince Putin that she must never become President? Regardless of what one makes of the Trump time travel theory, one can still speculate and ponder: If Hillary had won and Trump lost, would things be better or worse? The Language Of Symbolism: TheMindUnleashed On the path of trying to figure out what this world is really about, many people ease into the study of symbolism.
When one recognizes the deliberate nature of power, and the characteristics power displays in various activities, they can begin to recognize deeper, more subtle layers of truth about power. How The Nazis Turned A Sign Of Good Luck Into A Symbol Of Evil For example a government being the power, participating in psychological warfare against its own people, the government being composed of people who have histories with fraternal orders and secret societies who value symbolism, ect.
This video explores connections between fraternal orders and secret societies to high levels of power: Understanding the cult-like behavior of people in power, from royal bloodlines, to banks and corporations, to governments, one can reasonably deduce that their choice of symbolism is often well thought out.
Symbols have historically been very important to people in power. Symbols almost always have multiple layers of meaning: Understanding how symbols are deliberate and purposeful, suddenly meaning can be recognized in all kinds of things we see every day. Of course, they are also prone to being misunderstood, or having false meaning attributed to them.
Certainty can be scarce in the study of symbolism. Logos of different corporations and businesses, government flags, emblems, and more are rich with symbolism that speaks a language only those who pay close attention can understand.
Other symbols such as crosses, 6 pointed stars, 7 pointed stars, crescent moons, and more also appear on flags across the world.
Click on the image above to view a larger version in a new window. Why would so many various factions of power across the world all unanimously decide that a 5 pointed star would best represent them on their flag? Why do countries China and the US that appear to conflict with each other both have 5 pointed stars featured prominently on their flags? It has to mean something more than we know. However, I think there are many more layers.
I believe shapes such as squares, octagons, triangles, and others are astrotheological references: Some videos online can be found about astrotheological symbolism essentially astrology related symbolism. This video in particular examined symbolism in the auto-industry. In addition, Marty Leeds explored what may be a reference to Pi 3. To understand the 5 pointed star as an astrotheological reference, one would have to look at an unusual astrology aspect that seems to have been hidden from mainstream astrologers: If 5 planets were locked into quintiles, that would make a pentagram in the sky.
The Auckland War Memorial Museum: There must be deeper layers of meaning to this strange symbol that appears everywhere. However, the symbols that have my attention the most are probably the symbols that seem to represent slavery.
The octagon, the 8 pointed star of Inanna, the oblong square, the hypercube: It would make sense to me, considering the malefic aspects in astrology are squares and oppositions. When planets make squares to each other, bad things happen, to sum it up briefly.
Trines and sextiles, multiples of the 6 pointed star are functional, positive aspects in astrology: The Octagon, or 8 Pointed Star of Inanna. The 8 pointed star or octogon is thought to be a symbol of slavery: The United Nations logo is an 8 pointed star engulfing the planet.
It can be found on many more government logos in particular. Kubrick was known for his meticulous attention to detail: The oblong square is a square that is positioned sideways like a diamond. It appears on many corporate logos, and all over architecture and things we see in every day life. Over time, a person looking into symbolism can begin to make this distinction. The hypercube is thought to represent a never-ending loop, a prison of consciousness.
Researchers such as Mark Passio have presented this theory. While for some reason, certain governmental, corporate, or institutional entities choose seemingly negative symbolism, such as the squares that seem to represent people being boxed in, other entities choose symbols that point to a focus on success.
Some claim that it represents a cube, since a cube looks like a hexagon if you look at it from an angle. However, somehow Saturn symbolism involving a black cube has been around for longer than the public has known Saturn has a hexagonal storm on it. What do these symbols actually do to people? Whatever the reason, this much is clear: Banks Are Stealing Our Future? How To Put An End? October 7 From: Is there a lack of macroeconomic models? History is Written by the Banksters: Rwo years ago Richard A.
This incredible discovery has a corollary: What are they doing with all that money? Are they supporting the real world economy? Unfortunately, the answer to those questions can be found in desperation that people of South Europe are experiencing day by day.
Thousands of suicides in Greece and, hundreds in Italy too - Prof. It is clear to each one that, at present, there is nothing that a C entral Bank or a State Bank can do, to reduce the incredible power accumulated into private commercial banks during decades of missed controls.
Banks, simply, can corrupt everything touched and they do it right now. As asserted by ancient Latins: To prevent that measure, some commercial banks, helped by worldwide giants like JP Morgan and Goldman Sachs, have started a great campaign to mine some democratic constitutions judged to be too socialists to support their deals.
But how do banks operate and where does the money supply come from? To answer that question it is needed to better understand the importance of the matter. Depending on what is the answer, the money creation can or cannot be considered within the macroeconomic models, with the incredible result to have a lack of forecast capabilities and general economics understanding.
It is clear that the current prevalent theory of financial intermediation is the most desirable by private bankers. Unfortunately, the crisis highlights the inconsistency of the macroeconomic models adopting it. Well, we shall take care of him in another story. So, how to put an end?
I guess that the first step is to be aware that we are on the wrong path. I would like to thank Mr. Marco Saba Iassem for the incredible effort in search of the Truth. I suggest a series of articles on its EquaCoin. Geopolitics The European Union cockroaches were quick on condemning strong leaderships running after terrorists and drug trafficking, yet mum on the daylight police brutality of the Spanish government against the legitimate exercise of political power by the Catalans. The United States of Europe: Over the last few days, tens of thousands of Catalans have mobilized en-masse to take part in a referendum on the future of Catalonia.
Whatever your opinion on the question of Catalonian independence, there can be no doubt the response from the Spanish government has been heavy-handed and excessive. Indeed, the government has claimed the referendum on independence violates the Spanish constitution.
Now, even if one assumes that legality, is a sufficient means to measure right or wrong, illegality, or breaking the law, cannot in itself provide a justification for unprovoked physical violence. And unprovoked violence is what was seen on the streets of Barcelona and beyond on Sunday. Video and images of the police beating activists, and those attempting to cast a vote flooded social media as voting began in Barcelona in the early hours of Sunday morning.
I witnessed for myself police trying to control the flood of people entering one polling station in Barcelona, only to fail due to the sheer numbers of those present. A number of videos showed police entering separate polling stations and seizing ballot boxes full of votes that had been cast. Were it not for the large amounts of people occupying the polling station where I spent the afternoon, I believe the same thing would have happened there too. And this brings us to the crux of the matter: Personally, the situation brings to mind the plight of the Palestinians, who are routinely attacked by the Israeli state while Israel harps on about being a democracy.
Hypocrisy of the highest order. How can this possibly make any sense? How can the Spanish police justify their crackdown on voters while allowing neo-nationalists to make open Nazi salutes and parade in Barcelona unchallenged? Are the Spanish authorities really more afraid of the ballot box than neo-Nazis? The only thing worse than this violence and hypocrisy is the deafening silence from other European and world leaders.
The EU as a bloc has failed to take a formal stand against the brutalization of the Catalan people, who are, after all, citizens of the EU. But it cannot be right, that the leadership of the EU is silent on this issue of Catalonia when it is so willing to criticize human rights abuses elsewhere.
If the treatment of the Catalan people had taken place in the Middle East or Africa, the EU and other Europeans leaders would have been quick off the mark to condemn it. There may have even been calls for no-fly zones or intervention. Or just imagine if the Catalan people had suffered such harsh treatment in Russia?
You can almost hear the hypocritical voices aiming their vitriol at Moscow. To be fair, a handful of leaders including Jeremy Corbyn have condemned the violent treatment of the Catalan people, albeit in a lukewarm fashion given their significant platform. But the Spanish government should hang its head in shame. And so too should its apologists. But the right of individuals to determine their own future can never be illegitimate.
And in any case, ironically, the violence of the Spanish state, and the silence of other so-called leaders may have ultimately worked for the Catalan people. The unjust violence toward them is painfully obvious to anyone with eyes to see it. The silence of other so-called democracies over this issue, in condemning the violence, is deafening.
The willingness of Brussels to highlight human rights abuses in so many non-European countries, while staying silent on Catalonia, is glaring. And the harsh repression of the Catalan people — from the arrest of activists and politicians to the removal of pro-referendum websites — is all I have seen take place over the last few days in Barcelona.
A hand grenade would have inflicted the same casualties, if that the was the intention. Again, the targets are civilians and not erring government officials, which means that the action is meant to sow terror and fear upon the public, and not a legitimate expression of social frustration.
We are suspecting that there could be more than one shooter, and the old man was just a fall guy. October 6 From: Geopolitics Our views about the world are moulded by those who cast and press the dies together.
There are no independent ideas unless the slave mind completely severs itself from the chains which keep pulling those synapses apart. Based on experiences of living in Britain under austerity as a young, queer, unemployed, female immigrant student — and not taking it any more.
Presuming that people are exploited and that it is in their interests to strike back, and we think they are and it is, what can we say about this? Sweden and Norway, for example, both experienced a major power shift in the s after prolonged nonviolent struggle. Both countries had a history of horrendous poverty. When the 1 percent was in charge, hundreds of thousands of people emigrated to avoid starvation.
Under the leadership of the working class, however, both countries built robust and successful economies that nearly eliminated poverty, expanded free university education, abolished slums, provided excellent health care available to all as a matter of right and created a system of full employment.
Critical left-wing authors such as these try to push Sweden and Norway to continue on the path toward more fully just societies. However, as an American activist who first encountered Norway as a student in and learned some of its language and culture, the achievements I found amazed me.
I remember, for example, bicycling for hours through a small industrial city, looking in vain for substandard housing. Then I began to learn that the Swedes and Norwegians paid a price for their standards of living through nonviolent struggle. In both countries, the troops were called out to defend the 1 percent; people died. People were divided by mountains and fjords, and they spoke regional dialects in isolated valleys. Not until did Norway finally become independent.
When workers formed unions in the early s, they generally turned to Marxism, organizing for revolution as well as immediate gains. They were overjoyed by the overthrow of the czar in Russia, and the Norwegian Labor Party joined the Communist International organized by Lenin. One way in which most Norwegians parted ways with Leninist strategy was on the role of violence: Norwegians wanted to win their revolution through collective nonviolent struggle, along with establishing co-ops and using the electoral arena.
In the s strikes increased in intensity. The town of Hammerfest formed a commune in , led by workers councils; the army intervened to crush it. The Norwegian 1 percent decided not to rely simply on the army; in they formed a social movement called the Patriotic League, recruiting mainly from the middle class. By the s, the League included as many as , people for armed protection of strike breakers - this in a country of only 3 million!
The Labor Party, in the meantime, opened its membership to anyone, whether or not in a unionized workplace. Middle-class Marxists and some reformers joined the party.
Many rural farm workers joined the Labor Party, as well as some small landholders. Labor leadership understood that in a protracted struggle, constant outreach and organizing was needed to a nonviolent campaign. The Depression hit bottom in More people were jobless there than in any other Nordic country.
Unlike in the U. This decision paid off in mass mobilizations. Many people then found that their mortgages were in jeopardy. The Depression continued, and farmers were unable to keep up payment on their debts. As turbulence hit the rural sector, crowds gathered nonviolently to prevent the eviction of families from their farms.
The Agrarian Party, which included larger farmers and had previously been allied with the Conservative Party, began to distance itself from the 1 percent; some could see that the ability of the few to rule the many was in doubt. By , Norway was on the brink. The Conservative-led government was losing legitimacy daily; the 1 percent became increasingly desperate as militancy grew among workers and farmers.
A complete overthrow might be just a couple years away, radical workers thought. However, the misery of the poor became more urgent daily, and the Labor Party felt increasing pressure from its members to alleviate their suffering, which it could do only if it took charge of the government in a compromise agreement with the other side.
In a compromise that allowed owners to retain the right to own and manage their firms, Labor in took the reins of government in coalition with the Agrarian Party. They expanded the economy and started public works projects to head toward a policy of full employment that became the keystone of Norwegian economic policy.
The 1 percent thereby lost its historic power to dominate the economy and society. Not until three decades later could the Conservatives return to a governing coalition, having by then accepted the new rules of the game, including a high degree of public ownership of the means of production, extremely progressive taxation, strong business regulation for the public good and the virtual abolition of poverty.
Labor stepped in, seized the three largest banks, fired the top management, left the stockholders without a dime and refused to bail out any of the smaller banks. AnonymousNews Walking barefoot, also known as grounding or earthing, involves placing your feet directly on the ground without shoes or socks as a barrier. Earthing was a common practice in the past, but today people would stare at somebody walking barefoot in public. However, many studies published over the years have proved that the practice has enormous health benefits.
This means putting your feet on the ground enables you to absorb large amounts of negative electrons through the soles of your feet which, in turn, can help to maintain your body at the same negatively charged electrical potential as the Earth.
James Oschman, a PhD in biology from the University of Pittsburgh and an expert in the field of energy medicine, notes:. A study at the University of California found that earthing improves facial blood flow regulation. Another study suggests that earthing may be the primary factor regulating the endocrine and nervous system. Dr Jospeh Mercola, an American physician who specializes in alternative medicine, explains:. Questions swirl in the Las Vegas mass shooting But what can we expect from the same people who claim that inexperienced Arab pilots were able to dive into the World Trade Center towers with pinpoint accuracy to pull them down?
Yesterday, I did a brief analysis of the number of people killed and wounded at the Vegas Concert in roughly four and half minutes, which is the police estimate of the duration of the attack. I mistakenly reversed figures. The correct conclusion would be: His distance from the concert, his lack of professional skill, his state of mind, among other factors, rule against it.
Any competent and honest law-enforcement analyst would see a huge red flag right away. Las Vegas mass shooting: But of course, multiple shooters destroys the official narrative and opens the door to an investigation that could expose, for example, an intentional false flag operation.
It cuts to the core of the absurd lone shooter assumption:. Another man who apparently has significant professional background re weapons has sent me his detailed analysis:. It was dark and no matter how well lit, there are many shadows to hide in. There are some devices like AutoGlove and Bump Fire that can simulate full automatic fire, but they cannot be used accurately or effectively.
Even if the shooter was able to somehow obtain a full normal functioning automatic rifle, anyone with military experience can tell you that the rifles are difficult to control when firing more than 3 round bursts — especially a. This is because the rifle will uncontrollably rise if automatic fire is constant. After the first 15 or so seconds, the crowd scattered and took cover. If this guy did this in 20 seconds, we needed him desperately in Afghanistan! To fire aimed shoots and swap out magazines would have taken him about minutes, and there is no way that each shot would have hit someone — more than likely would have missed.
Say a guy purchases an expensive bolt action rifle in. Without experience, someone would have to mount the scope for him and do a rough sighting in with a laser. This individual then takes this rifle to a range in broad daylight with no stress and using a bench rest and breathing techniques and all the time in the world and fires at a target yards.
For this untrained guy to be wildly shooting with a high heart rate at nighttime? Well, bullets would be going everywhere! I fully understand that the estimates of killed and wounded, and the police statement that all the shooting took place in four and half minutes, may be off.
These figures may not be precise. Nevertheless, they are a good and proper starting point. And even allowing for later adjustments, the evidence for multiple shooters and against a lone amateur like Paddock is stunning.
Las Vegas False Flag? Because, in certain cases with great consequences, the overall agenda and the direction of an investigation are set from offices far higher than the positions of the actual detectives and agents on the scene. Everything else is off limits. The Mandalay Bay casino active shooting today comes right after ISIS claims responsibility for the Marseille knife attack that killed two people. This is the new normal as the Deep State is hemorrhaging financially, and losing power and influence globally: Goodbye fiat dollar; Turkey is about to switch on its Russian-built nuclear power plant.
The recession put millions out of work. When people finally landed jobs again, they took whatever pay was offered. Economists hope this will change as more unemployed people find work or start quitting to get better-paying jobs. Over the past few decades, increasing trade and the establishment of global supply chains led to more competition from low-cost countries, such as China, especially in manufacturing. With their jobs at risk, there was less room for American workers to ask for higher pay.
Technological advances also made it easier for machines to replace workers, especially for routine and repetitive tasks. Artificial intelligence is even threatening Wall Street jobs. The truth is simply that the US government has been kicking the empty can for so long and its creditors have been pulling the ropes around its neck until it stops being the perennial bully to the rest of the planet.
Only gold-backed and resource-denominated currencies will be honored in the foreseeable future. These are just some of the reasons why the West needs to endure more false flag operations as we go along.
Inc How to make a great first impression - and a great lasting impression. There's a formula to making a great first impression: Smile, make eye contact, be engaging. But first impressions can also quickly lose their impact, especially when there's no substance beneath the surface glow. Building and maintaining great relationships , consistently influencing others in a good way and making people feel better about themselves , those are things relatively few people can do.
But you can, because being the most likable person in the room has nothing to do with your level of success, or your presentation skills, or how you dress, or the image you project. Being genuinely likable is all about what you do.
How can you be more likable, in a sincere and authentic way? Never think about what you can get. Focus on what you can provide. Giving is the only way to establish a real connection and relationship. Focus on what you can get out of the other person, and you show that the only person who really matters is you.
Shift the Spotlight to Other People. No one receives enough praise. That means one of the easiest ways to be likable is to tell people what they did well.
Wait, you say you don't know what they did well? Shame on you - it's your job to know. Not only will people appreciate your praise, they'll appreciate the fact you care enough to pay attention to what they do.
And then they'll feel a little more accomplished and a lot more important, and they'll love you for making them feel that way. Respond - not just verbally, but nonverbally. That's all it takes to show the other person he or she is important.
When you do speak, don't offer advice unless you're asked. Listening shows you care a lot more than offering advice does, because when you offer advice, in most cases, you make the conversation about you. Who is "Here's what I would do" about: Only speak when you have something important to say - and always define important as what matters to the other person, not to you. Never Practice Selective Hearing. Some people - and I guarantee you know people like this - are incapable of hearing anything said by someone they feel is somehow beneath them.
Sure, you speak to them, but that particular falling tree doesn't make a sound in the forest, because there's no one actually listening. Charismatic people listen closely to everyone, and they make all of us, regardless of our position or social status or "level," feel like we have something in common with them.
I pulled into a service bay to get my oil changed. As I got out of the car, one of the techs said, "Man, those are nice wheels. Too bad they're so dirty. When I walked to my car to leave, the tech was just standing up, filthy rags in his hand.
Every speck of brake dust was gone. Figured I would make 'em look better. That was years ago, but I still haven't forgotten it. Instead of turning idle time into "me time," likable people use their free time to do something nice - not because they're expected to, but just because they can. Put Your Stuff Away. Don't check your phone. Don't glance at your monitor. Don't focus on anything else, even for a moment.
You can never connect with others if you're busy connecting with your stuff, too. Give the gift of your full attention. That's a gift few people give. It alone will make others want to be around you. The only people who are impressed by your stuffy, pretentious, self-important self are other stuffy, pretentious, self-important people.
The rest aren't impressed. They're irritated, put off, and uncomfortable. And they hate when you walk into the room. You already know what you know. You know your opinions. You know your perspectives and points of view. That stuff isn't important, because it's already yours.
You can't learn anything from yourself. But you don't know what other people know, and everyone, no matter who he or she is, knows things you don't know. That makes other people a lot more important to you than you - because you can learn from them. Choose Your Words Wisely. For example, you don't have to go to a meeting; you get to go meet with other people.
You don't have to create a presentation for a new client; you get to share cool stuff with other people. You don't have to go to the gym; you get to work out and improve your health and fitness. You don't have to interview job candidates; you get to select a great person to join your team. We all want to associate with happy, enthusiastic, fulfilled people.
The words you choose can help other people feel better about themselves - and make you feel better about yourself. Granted, we all like hearing a little gossip. We all like hearing a little dirt. The problem is, we don't necessarily like - and we definitely don't respect - the people who dish that dirt. Don't laugh at other people. When you do, the people around you wonder if you sometimes laugh at them. Incredibly successful people are often assumed to have charisma simply because they're successful.
Their success seems to create a halo effect, almost like a glow. The key word is seem. You don't have to be incredibly successful to be remarkably charismatic. Scratch the shiny surface, and many successful people have all the charisma of a rock. But you do have to be incredibly genuine to be remarkably charismatic. Be the cautionary tale. And laugh at yourself. While you should never laugh at other people, you should always laugh at yourself.
People won't laugh at you. People will laugh with you. They'll like you better for it - and they'll want to be around you a lot more. Connect everything with everything, as DefenseOne describes it. Every weapon, vehicle, and device connected, sharing data, constantly aware of the presence and state of every other node in a truly global network. If not properly regulated, Elon suggested that machines could turn against their human masters.
AI is a rare case where I think we need to be proactive in regulation instead of reactive. The Joint Chiefs of Staff described their vision for a completely networked military in the newest iteration of their National Military Strategy, which lays out their plans for building the military's weapon of the future.
David Goldfein said he had based the plan on a certain money-losing electric-car manufacturer. The future for the Air Force? The service needed to be more like a certain electric-car manufacturer. Goldfein waxed enthusiastically about how Tesla was able to remotely increase the battery capacity of cars in the U. Southeast to facilitate evacuation before the recent hurricanes.
If we looked at the world through a lens of a network as opposed to individual platforms, electronic jamming shared immediately, avoided automatically? Every three minutes, a mobility aircraft takes off somewhere on the planet. However, the concept that military leaders proposed in their latest review is less a strategy for increasing efficiency than a plan to connect all military equipment on a single network.
The result would be better coordinated, faster, and more lethal operations in air, land, sea, space, and cyberspace. The Air Force has begun making broad investments in data sharing. And its experiments with next-generation light tactical attack aircraft are as much about hardware as networks, he said. The Air Force Science Board is studying how to control a network of military equipment including light attack aircraft, tanks and even unmanned drones.
As DefenseOne explains, although most of the research into the networked military is being conducted by the Air Force, once implemented, any system would likely include weapons from across the military, like Navy destroyers, said Chow.
The Marines are also looking at tanks that are digitally connected through their armor, according to Lt. Navy leaders have also authorized research into connecting every object on the sea, land, air, space and in cyberspace. T his is no exaggeration. In an amusing aside, DefenseOne notes that, despite the obvious parallels, military leaders detest comparisons between their tech pet projects and anything from the plot of the Terminator franchise. And while enabling instantaneous communication between military units would undoubtedly improve efficiency and tactical prowess, as Musk as pointed out, these projects should be undertaken cautiously.
JonRappoport There are four major symbols I want to take up here. The important thing to remember is: The patient comes to see himself in a certain way, and this way implies a reduction of his own power. Reducing his own power, he literally sees himself as smaller. Iron Rules Of Medicine. The cascade of effects continues. Seeing himself as smaller, he comes to believe he has no significant role in his own health and well-being. And armed with that conviction, he comes to believe he is gradually deteriorating.
This belief is a perception, a view of self. This view, like a magnet, attracts and interprets events as further evidence of weakening and deterioration…. This reality is far from the only possible one, but it is the one the patient chooses. These are not random, he is told.
They are not transient. They cannot be ignored. They will not go away on their own. A label is applied. There is no doubt that the patient has this named disease. It is not a passing phenomenon. It is solid and stable. This is what the doctor tells the patient he must do. The treatment will get rid of the condition. The treatment is specific.
It is geared to address the condition. It is the solution to the problem. He is the authority. He is in charge of recognizing the symptoms, which lead him to make the diagnosis of the condition, which is turn leads him to prescribe the treatment.
This progression is lock-step. There no other factors to consider. The doctor has effectively ruled out all other possibilities. These four symbols lead the patient into a state of obedience. And in that state, he realizes his own power is beside the point and is irrelevant. This is not the first time he has been put through this progression of the four symbols. Therefore, the effect on him, over time, is magnified.
Each successive visit to the doctor confirms he can and does develop new sets of symptoms—and each set implies a new condition. He views himself as a set of symptoms which indicate a condition and imply a treatment. This is, in a sense, who and what he is. Over time, his conditions tend to be more serious.
He never imagines that the toxic treatments he is taking are contributing to, or causing these more serous conditions - because each disease has a separate name, as if it exists in a vacuum. The doctor handles each diagnosis in that fashion. When the patient reaches a point where he views himself as BEING these symptoms and conditions and very little else, he simply waits for the next arrival of the next set of symptoms and the next condition.
This is how powerful symbols can be. In a better world, people would be educated in the use and effects of symbols, before succumbing to them. The doctor is real, I do have physical problems, the doctor really does make a diagnosis, and I do take real medicines.
Why are you talking about symbols? Because what locks a person in is what happens in his mind. And what happens in his mind is this parade of symbols. He rolls these symbols around in his mind and accepts them and locks himself in, and he sees himself as deteriorating. Any other ideas about what I am and what I can do are beside the point. No reason to entertain them. I have the potential to be more than a deteriorating person? What does that even mean? It makes no sense. Am I claiming that everything is in the mind?