And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Lorraine runs a bakery and just yesterday she told me, "I have hired and fired more than 40 people in the past year because they can't even do the most basic tasks."
I asked, "Can I have 2 apple fritters and 2 bear claws, please?...and oh yeah, half a dozen Manhattan Croissants!"
Unless it is solid tech and handcraft, skilled labor, just forget it, its the mother effer's running things pulling another global scam for a fast swindle where they pull everything and short the market, plus thieving everyones retirement funds. Believe it when coal comes back, then you will know fundamental return to economic sanity has returned. Coal is absolutely essential, from metallurgical coal to coking plants firing up. Short of that its just another effin bubble to grab fast wealth out of the wage slave class. Seen it too many times. From the early 70's thru the 80's and so on.
First of all, zerohedge. That Tyler Durden fella hasn't seen the sun shine in, well, forever.
That said, for the short-to-medium term, I am mildly bullish. That $2000 Trump Tariff Dividend Stimulus check (whenever it comes and whatever they call it) will eventually work it's way into the markets. It'll be inflationary too, but still. Also, the interest rate cut, which the Fed will probably announce tomorrow, will help, but it is baked into the cake. More importantly, the Fed will begin another round of Quantitative Easing, this one called "Reserve Management Purchases" because of course another QE has to be named something else. That too will run into the markets and will increase the inflation.
JMO. YMMV. This advice is worth what you paid for it.
America really needs to arrest the parasite politicians. Europe is in political suicide watch totally infiltrated and partially conquered already, Japan is degrading, Israel is having internal political civil war too (with global effects I might say), China and Russia are at war against the west. All of them are losing money, if things are not solved not only hiring but money itself will be useless because conventional economic knowledge is not designed to medieval terms. The time is short.
I'm not going to get in to the "America needs to start arresting politicians" because a) they did that with Trump and b) that leads straight to Banana Republic territory. Not a good look.
However, with the rest of your comment, you are spot on. * Yes, the EU--to include the Brits (and with it, the ECB and the BOE) are failing. Badly. Or maybe I have the tense of my verb wrong, and I should say that the Euros have failed. I'll come back to this later here. * Japan is also failing. They've been in a demographic decline since....forever. * Israel is Israel. They are the perennial enemy of Islam and they're either going to have to fight them off forever or perish entirely. Personally, I am glad that Israel is fighting. * China and Russia are absolutely at war with the West. This cannot be stated enough. China believes that Taiwan is theirs. Russia believes that Ukraine is Russian soil. Some will say "What difference does it make to me? Why should we spend American blood and treasure to keep the status quo?" Well, in my opinion, and you're free to differ, America is better off when Country A can't look across it's borders to Country B and claim their lands. It is in American interests to maintain stability. China is a complete demographic failure, their property sector is cratering, and with it their banks. The Chinese will start to export their deflation, and none of us will enjoy that. The Russian war with Ukraine has absolutely ruined their economy and their demographics. It'll be generations before they recover. That said, they persist in their aims. If we fail to help Ukraine fight off the Russians, after whatever Russian "victory" comes out, we will replace the term "a Pyrrhic victory" with "a Russian victory"....which is nothing more than a loss.
And yes, all of these countries (and more) are losing money and influence (excepting here Islam, Inc.). America is no different. We're headed south too. The question isn't who is winning and who is losing, but rather, who is losing the least.
I am a very amateur observer of economics, but the common thread that I see here is a slow failure of the Fractional Reserve model of banking. The banking systems around the world are all failing to one degree or another.
That begs the question: What comes next? I dunno. I am doubtful that crypto will eventually succeed, and I absolutely do not trust any crypto or coin that has a CEO--these are nothing but a scam. A return to a gold standard might be possible, but as I say that, I have to acknowledge that a gold standard has problems too. [Related: Eleven percent of the world's supply of physical gold is owned by......wait for it......Indian housewives.]
Isn't this what we voted for last November?
ReplyDeleteLorraine runs a bakery and just yesterday she told me, "I have hired and fired more than 40 people in the past year because they can't even do the most basic tasks."
ReplyDeleteI asked, "Can I have 2 apple fritters and 2 bear claws, please?...and oh yeah, half a dozen Manhattan Croissants!"
Unless it is solid tech and handcraft, skilled labor, just forget it, its the mother effer's running things pulling another global scam for a fast swindle where they pull everything and short the market, plus thieving everyones retirement funds.
ReplyDeleteBelieve it when coal comes back, then you will know fundamental return to economic sanity has returned. Coal is absolutely essential, from metallurgical coal to coking plants firing up. Short of that its just another effin bubble to grab fast wealth out of the wage slave class.
Seen it too many times. From the early 70's thru the 80's and so on.
First of all, zerohedge. That Tyler Durden fella hasn't seen the sun shine in, well, forever.
ReplyDeleteThat said, for the short-to-medium term, I am mildly bullish. That $2000 Trump Tariff Dividend Stimulus check (whenever it comes and whatever they call it) will eventually work it's way into the markets. It'll be inflationary too, but still. Also, the interest rate cut, which the Fed will probably announce tomorrow, will help, but it is baked into the cake. More importantly, the Fed will begin another round of Quantitative Easing, this one called "Reserve Management Purchases" because of course another QE has to be named something else. That too will run into the markets and will increase the inflation.
JMO. YMMV. This advice is worth what you paid for it.
azlibertarian
I’m with you homie.
DeleteYou should charge a fee.
DeleteAmerica really needs to arrest the parasite politicians. Europe is in political suicide watch totally infiltrated and partially conquered already, Japan is degrading, Israel is having internal political civil war too (with global effects I might say), China and Russia are at war against the west. All of them are losing money, if things are not solved not only hiring but money itself will be useless because conventional economic knowledge is not designed to medieval terms. The time is short.
ReplyDeleteI'm not going to get in to the "America needs to start arresting politicians" because a) they did that with Trump and b) that leads straight to Banana Republic territory. Not a good look.
ReplyDeleteHowever, with the rest of your comment, you are spot on.
* Yes, the EU--to include the Brits (and with it, the ECB and the BOE) are failing. Badly. Or maybe I have the tense of my verb wrong, and I should say that the Euros have failed. I'll come back to this later here.
* Japan is also failing. They've been in a demographic decline since....forever.
* Israel is Israel. They are the perennial enemy of Islam and they're either going to have to fight them off forever or perish entirely. Personally, I am glad that Israel is fighting.
* China and Russia are absolutely at war with the West. This cannot be stated enough. China believes that Taiwan is theirs. Russia believes that Ukraine is Russian soil. Some will say "What difference does it make to me? Why should we spend American blood and treasure to keep the status quo?" Well, in my opinion, and you're free to differ, America is better off when Country A can't look across it's borders to Country B and claim their lands. It is in American interests to maintain stability. China is a complete demographic failure, their property sector is cratering, and with it their banks. The Chinese will start to export their deflation, and none of us will enjoy that. The Russian war with Ukraine has absolutely ruined their economy and their demographics. It'll be generations before they recover. That said, they persist in their aims. If we fail to help Ukraine fight off the Russians, after whatever Russian "victory" comes out, we will replace the term "a Pyrrhic victory" with "a Russian victory"....which is nothing more than a loss.
And yes, all of these countries (and more) are losing money and influence (excepting here Islam, Inc.). America is no different. We're headed south too. The question isn't who is winning and who is losing, but rather, who is losing the least.
I am a very amateur observer of economics, but the common thread that I see here is a slow failure of the Fractional Reserve model of banking. The banking systems around the world are all failing to one degree or another.
That begs the question: What comes next? I dunno. I am doubtful that crypto will eventually succeed, and I absolutely do not trust any crypto or coin that has a CEO--these are nothing but a scam. A return to a gold standard might be possible, but as I say that, I have to acknowledge that a gold standard has problems too. [Related: Eleven percent of the world's supply of physical gold is owned by......wait for it......Indian housewives.]
azlibertarian