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Post by Entendance on Jul 14, 2022 2:15:37 GMT -5
Mar 17, 2016 at 10:04am
Feb 18, 2016 at 12:03pm
Feb 20, 2016 at 12:01pm
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Post by Entendance on Aug 11, 2022 5:15:29 GMT -5
As the advanced economies appear to be stumbling inadvertently into stagflation and possibly worse, diversionary media tactics are rapidly being deployed. Voices are rising warning of the global debt crisis and how it is likely to push poor countries into tragic collapse.
WHAT, WHO, & HOW BIG IS THE PROBLEM?
Global debt is now claimed to exceed $300 Trillion, while the poor countries’ debt continues to rise in percentage terms – The Poor are always the culprits.
It is all a matter of definition, you set it according to your understanding, objectives, or motives. We can make it a lot more alarming by theoretically adding the liabilities of the derivatives and futures markets which could be considered hypothetical debts should they be allowed to become due; then, global debts would be in the Zillions. Economists just love creating definitions, no matter how practical or impractical they are, or how narrow and rigid they become, and end up wagging the dog!
On a closer look, however, it transpires that the US$ 300 Trillion global debt includes the internal and external debts of all countries. In other words, it probably includes Aunt Jemima’s debt to her local grocer. While this is important and helps understand how deep the world has fallen into the hole it has dug, it is probably of higher priority to address the External Debt of countries; debt owed to parties outside their borders. These are the debts that will immediately impact countries’ currency exchange rates, ability to import especially food and energy, and fund development. They are quicker to trigger inflation and disrupt economies and societies.
Accordingly, when we look at the Global External Debts, we are taken aback by their distribution. (Bear in mind that the actual numbers are approximations as they cover different years as well as slightly differ from one compiler to another, however they all point in the same direction)... |
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Post by Entendance on Aug 26, 2022 2:06:03 GMT -5
The Euro trend downwards relative to the dollar is concerning. More concerning is the amount of bonds accumulated by the E.U. will bring significant mark to mark losses as rates rise.  The Euro system itself is bust.
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Post by Entendance on Sept 19, 2022 0:41:21 GMT -5
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Post by Entendance on Sept 21, 2022 4:43:49 GMT -5
September 21, 2022: 
European products are becoming uncompetitive on the world market: their price is much higher because of the cost of electricity and gas.
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Post by Entendance on Oct 19, 2022 4:15:26 GMT -5
“From a math standpoint, the situation is so bad, liquidity is so tight...the whole shithouse is about to come down, and when it does, you will count your wealth in ounces and not dollars, yen or euros...When all is said and done, it’s about how many ounces do you own.”
Weeks Away from Whole Shithouse Coming Down – Bill Holter
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Post by Entendance on Nov 20, 2022 9:08:36 GMT -5
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Post by Entendance on Dec 2, 2022 14:11:06 GMT -5
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Post by Entendance on Dec 20, 2022 3:11:40 GMT -5
...
“For five years I’ve been trying to ban American investments in crypto. I’m the only member of the House to get an F from the only crypto-promoting organization that rates members of Congress.
“My view is that we’ll view Sam Bankman-Fried as just one big snake in a crypto Garden of Eden. The fact is that crypto is a garden of snakes.
“Now, from the outside, crypto just looks like a non-fungible token. An electronic pet rock for the 21st Century. Something that might be good to invest in even though it has no apparent value because you might get someone else to buy it from you for even more.
“But in reality the hope of crypto is to be a currency; to compete with the U.S. dollar and to announce its advantage over the U.S. dollar in that competition.
“It puts the advantage right in the name: crypto – ‘hidden’ currency.
“Is there a big market for that? Is there a big advantage that crypto has over the U.S. dollar if it actually became a currency – which it’s not yet?
“Well, there are drug dealers, human traffickers, sanction evaders that will find that to be a good feature. And, as Sam Bankman-Fried would tell you, there’s a hell of a market for bankruptcy-court evasion. But the big market is tax evasion.
“And I know there are some on the other side who cheer every time a billionaire escapes taxes.
“The other announced purpose of crypto is to compete with the U.S. dollar as a world reserve currency, thereby enriching the corporate billionaire bros and taking thousands of dollars of advantage away from every American family. Because we benefit from being a reserve currency.
“Now, Sam Bankman-Fried – or should I say inmate 14372 – had one purpose in all of his efforts here in Congress. (Was a well-known figure. Only one wearing shorts.) His one purpose was to keep the SEC out of crypto. To provide a patina of regulation – baby regulation from the CFTC [Commodity Futures Trading Commission]. Well, I have one comment for my colleagues: Don’t trash Sam Bankman-Fried and then pass his bill.
“I fear that could happen because Sam was not the only crypto bro with PACs and lobbyists and there is no PAC or lobbyist here to work for efficient tax enforcement, or sanctions enforcement.
“Now, I’ve heard from some on the other side – criticizing the SEC. July, in this room, I criticized the head of enforcement at the SEC for not going after crypto exchanges. But the fact is – without objection I’d like to put in the record a letter signed by 19 Republican members designed to push back on the SEC – a brush back pitch if you’re familiar with baseball – attacking the SEC for paying attention to – and I’ll quote ‘the purported risks of digital assets.’
“And, I’d like to put in the record comments from eight members, made in this room, that were designed to attack the SEC as being a luddite and anti-innovation for their efforts.”...
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Post by Entendance on Jan 10, 2023 8:27:16 GMT -5
The world is today confronted with two nuclear threats of a proportion never previously seen in history. These threats are facing us at a time when the world economy is about to turn and decline precipitously not just for years but probably decades.
The obvious nuclear threat is the war between the US and Russia which currently is playing out in Ukraine.
The other nuclear threat is the financial weapons of mass destruction in the form of debt and derivatives amounting to probably US$ 2.5 quadrillion.
If we are lucky, the geopolitical event can be avoided but I doubt that the explosion/implosion of the Western financial timebomb can be stopped...
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Post by Entendance on Jan 23, 2023 1:58:30 GMT -5
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Post by Entendance on Jan 24, 2023 13:49:47 GMT -5
Bankers & governments are confident that they can create permanent prosperity by printing worthless pieces of paper believing they represent real & lasting value.
These people will soon have the shock of a lifetime as all that printed money returns to its intrinsic value of ZERO. |
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Post by Entendance on Feb 8, 2023 12:09:22 GMT -5
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Post by Entendance on Mar 3, 2023 12:21:19 GMT -5
Piepenburg discusses this deliberate (and dangerous) omission of context in six broad yet openly obvious “tricks” currently in use, namely:
Fudging the Math–from CPI “data” to unemployment statistics;
Redefining the Facts—as evidenced by the redefining of a “recession” in 2022;
Omitting the Obvious—by downplaying fatal debt levels to the back rather than front page;
Desperate Attention on “Good News” While Ignoring the Bad—by boasting of billion-dollar “reductions” in the Fed balance sheet or M2 money supply but ignoring the multi-trillion-dollar expansion of both supply metrics in prior years;
Absence of Open Debate/Alternative Views—by showcasing the “warm and fuzzy” but ignoring the hidden facts on everything from the war in the Ukraine to the dark side of CBDC;
Fear & War as Political Tools—by deliberately distracting the masses from fatal (and self-inflicted) debt, inflation, market and currency risks while placing the blame on an Eastern “bad guy,” viruses or global warming.
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Post by Entendance on Mar 9, 2023 2:49:18 GMT -5
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Post by Entendance on Mar 10, 2023 3:20:35 GMT -5
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Post by Entendance on Mar 15, 2023 11:11:33 GMT -5
'...Because gold is not an investment like shares in a company, and has no credit risk, there is no chance it can default, or go bankrupt. As a result, while it’s volatile, and can suffer drawdowns, those drawdowns inevitably resolve themselves over time.
As an investor, you therefore have some comfort that any drawdown in the gold price is simply part of the market cycle (gold is not immune to bull and bear markets), rather than a potential message that the drawdown will be permanent.
Investments in individual companies offer no such comfort. While a drawdown in the price of a particular stock may just be part of the market cycle and an overall stock market sell off, it could also be a warning sign that the company in question is facing serious problems and could be headed toward bankruptcy...'
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Post by Entendance on Mar 17, 2023 10:14:53 GMT -5
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Post by Entendance on Mar 22, 2023 12:04:02 GMT -5
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Post by Entendance on Mar 25, 2023 2:05:08 GMT -5
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Post by Entendance on Apr 2, 2023 15:50:42 GMT -5
THE FINANCIAL SYSTEM WILL NOT SURVIVE
IS THE UKRAINE WAR COMING TO AN END
THE END OF US HEGEMONY
THE END OF THE CENTRAL BANKER
ALL ASSETS ARE PRICED AT THE MARGIN – PROTECT YOURSELVES
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Post by Entendance on Apr 16, 2023 16:18:29 GMT -5
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Post by Entendance on May 1, 2023 11:07:35 GMT -5
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Post by Entendance on May 9, 2023 7:05:50 GMT -5
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Post by Entendance on May 14, 2023 5:22:46 GMT -5
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Post by Entendance on May 21, 2023 2:17:54 GMT -5
 Catastrophic Borrowing Kills Global Financial System – John Rubino
 Catastrophic Borrowing Kills Global Financial System – John Rubino
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Post by Entendance on May 23, 2023 1:33:24 GMT -5
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Post by Entendance on Jul 30, 2023 4:40:48 GMT -5
Worry about the return ‘of’ your money, not just the return ‘on’ it.
U.S. dollar reserve? A liability rather than an asset.
Declining purchasing power was bad enough, but now, to learn that their emergency fund could be frozen or even seized when they need it most? For many nations, that’s the last straw.
In June 2002, Gold sold for $320/oz. and Silver was less than $5/oz.
Any time you see a Gold price target that strikes you as absurd, remember this: in a world of unconstrained money-printing, there is no natural ceiling for Gold’s price.
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Post by Entendance on Aug 8, 2023 2:37:57 GMT -5
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Post by Entendance on Aug 13, 2023 0:23:55 GMT -5
Precious metals expert and financial writer Bill Holter says there is a long list of financial trouble coming to America sooner than later. There is the commercial real estate implosion, rising interest rates, an exploding federal budget, banana republic political problems, but the at the top of the list is the monster unpayable debt problem and the soon-to-be failing U.S. dollar. Holter says, “You can’t have a third of the federal taxes paid out in interest, and that number is only going to grow over time...If the markets would not collapse ahead of time, which they certainly will, but if they did not, we would get to the point where the interest would eat up all the tax receipts. That is a mathematical impossibility. We’re broke. On the other side of it, we have two rules of law. We have one rule of law if you are a liar from the left and another rule of law if you are a conservative and you don’t support the bull crap rules they are putting out there...This is an illustration that this country has already become a banana republic. The problem with that is the dollar issued by this country is the world’s reserve currency. It’s a huge problem.”
Holter says the dollar is going to take a big hit in the next financial crisis that has already started. When it hits, Holter predicts, “The actual bottom line is dollars are just pieces of paper backed by our government. The dollar is backed by the full faith and credit of a bankrupt insolvent government, and people will figure that out very quickly. When it comes to survival, people are not going to give up something real for nothing...We are in the weeds right now because of interest rates...look at mortgage rates, they are well over 7% for a 30-year mortgage. So, that’s going to hurt housing. Commercial real estate has already been destroyed...I think we are in the weeds because interest rates are at a point that nothing can be refinanced and rolled over.”
In closing, Holter says, “This is not my opinion, it’s a mathematical equation. The debt cannot be paid back. It’s not possible. We will default one way or another. We will print the crap out of the dollar and devalue it, or outright nonpayment.”
Holter predicted years ago we would end up in a “Mad Max” scenario when credit dries up and store shelves empty. Holter contends that credit is drying up with the money supply shrinking for eight straight months. 
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Currency 
values? ...
Markets 
Is Moscow Changing 
Sound and Honest Money? 
'Time to drop our illusions, 
E. 
The E. Beach & 
Saving your financial world 
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Full Faith & Credit of a Bankrupt Nation – 