Categories
Banksters Corruption

The Fed IS the Ugly Truth

The Fed IS the Ugly Truth by  – The Automatic Earth

This Fed thing just keeps going on, and it needs to stop. There is nothing in the discussion about the Federal Reserve these days that has any value other than it provides even more proof that the Fed has killed off the most essential elements of what once made the US economy function. All markets, stocks, bonds, housing markets, all price discovery, all murdered. No heartbeat. Pining for the fjords.

And instead of addressing that, and I’m not even talking about addressing fixing what is wrong, all I see is neverending stuff about Jay Powell using, or not using, terms such as “patient” or “accommodative”. Like any of it means anything coming from him and his ilk. Other than for making ‘investors’ a quick buck. Like a quick buck could ever trump the survival of entire market systems.

People discussing whether Jay Powell is doing a good job all miss the point. Because Powell should not be doing that job in the first place. The Fed should not have the power to manipulate the US economy anywhere near as much as it does. Because that power is perverting America like nothing else, and the US economy will never recover as long as the Fed holds that power. Is that clear enough? Do we understand that at least?

 

Powell apparently changed his tune Friday in order to let the mirage that the stock market has become, live another day. Almost literally a day, since it will come crumbling down no matter what he does, just a day or so later. It’s all some message hidden in his use of “patience” or “accommodative”. Nothing he does will have any effect in the medium or longer term, and he knows it.

The entire US economy today is about the quick buck. It’s about tomorrow morning only because nobody has the guts to look at 10 years from now. That makes Jay Powell and his whole Federistas staff worse than useless. It makes no difference if perhaps jobs are doing well; the pre-Powell Fed launched a bubble and that bubble will burst one day, a whole series of them will.

The only good thing he can do is get out of the way and let the markets be the markets, to let them discover prices by letting people interact with people. But who exactly in the US has the power to make the Fed go away?

If you were one of the people who thought Jerome Powell was different from the rest of the Fed head honchos, the ones who preceded him, and I’m by no means just talking Greenspan, Bernanke and Yellen, you can now consider yourself corrected.

Powell is not going to keep hiking rates if a bunch of zombie markets keep falling like they did in December 2018, even though that’s just what we should want zombies to do, and even if hiking is the only way to resurrect a degree of normality and functionality into the markets.

Greenspan, Bernanke and Yellen, by the way, like Powell, just serve(d) to give the beast a human face, and one that the actual power brokers can hide behind. Over the past nigh 106 years since the blinded wagons rode to Jekyll island, the individual brokers may have died their natural deaths, but the institution they represented and served blindly, never did.

Seen in that light, the Fed was/is a kind of a forerunner of the 2010 Citizens United legislation that granted corporations the same rights as individual citizens. The -perverse- sense, that is, in which citizens do die, but corporations do not. So they are much more, and much more powerful, than citizens. Citizens Limited should have set a time limit, like the ones all corporations used to have, and the Fed should have had the shortest and strictest limit of all.

And you were worried about Brett Kavanaugh being named to the Supreme Court…

 

Just as an example of how wrong we get these things these days, Let’s turn to Sven Henrich’s piece in MarketWatch this weekend. Henrich is the founder and lead market strategist of NorthmanTrader.com, and g-d bless him, I’m sure he means well, but he gets things so upside down it’s not funny. He writes about that quick buck only, and doesn’t see the future.

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Categories
Banksters Economy Manipulation

2018 Chaos, 2019 Mayhem

2018 Chaos, 2019 Mayhem by  – The Automatic Earth

It took me a while to decide which word(s) best define the past year and the next one, but I think this is pretty much it. 2018 was chaotic more than anything else, and that chaos will give rise to mayhem in 2019.

What I think is striking is that this is true across the board, in all walks of life so to speak. In finance, in politics, in energy markets, in ecological matters, and perhaps most of all in the ways all these topics are being covered by what once were trusted media.

I’m going to have to come back to all these topics separately, so it’s promising to be a very busy holiday season, but it’s also good to try and put them together in one place, if only to show how interconnected everything is. And how futile it is to look at the economy without seeing its connection to energy flows and ecosystems. And vice versa.

 

In finance and economics, we’ve seen an avalanche of falling numbers recently, in stock prices, bond prices, housing, across the globe, and obviously that evokes a lot of comments in the financial press. But that press, and bankers investors on their own, still talk about markets.

However, as I wrote in April 2018, if there is no price discovery, and there isn’t, there ARE NO markets, and it would be good and beneficial if many more people absorb that simple reality. Many more so-called traders and investors would be a start, but by no means enough. Lots more people who have nothing to do with the ‘markets’ should understand why there is no such thing anymore.

As long as you limit it to stock and bond markets, it may appear fine that people don’t understand. But as soon as you acknowledge there are no housing markets either for the exact same reasons, the story changes considerably. Because then it becomes clear that all -former- markets, bar none, have been eviscerated by central bank policies that sought to prop up banks, often highly successfully so, which they knew could only happen at the expense of communities and societies.

We’ve ended up with scores of mom and pop ‘investors’ who own hugely overpriced stocks and homes, while their pensions funds hold zillions ‘worth’ of bonds and also increasingly stocks. The link between pensions and AAA-rate assets was pulverized in the process. That looks set to continue, and worsen, in 2019. But that may be just the look of things. Because there really are no markets, there is no price discovery.

What is still there is a lot of talk about whether the Fed -and other central banks- will raise rates further or not, or will stop or continue their asset buying schemes. Central banks are the only game in town, there are no markets, nobody knows what anything is really worth because the Fed etc. took the discovery process beyond their reach.

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Categories
Economy Geopolitics

Politics and Economics in Times of Crisis

Politics and Economics in Times of Crisis by  – The Automatic Earth

The news still isn’t the news, and I’m getting afraid it never will be again, because not the news just simply sells so much better than plain old real events. Maria Butina suddenly popped back into the public eye, because she was either charged with something or confessed to it. And I’m thinking, excuse me, but that poor girl has been kept in isolation for how long now? And for what reason exactly?

I vividly remember thinking that when she first became ‘news’ for ‘infiltrating’ the NRA, for which there were plenty cute pictures taken, I remember thinking she would have been 22 or 23 years old when as a super- devious Russian redhead she allegedly penetrated the trillion dollar NRA, and the trillion dollar Republican Party, and the Trump campaign, which according to some people is now worth negative $1 trillion.

If any of said organizations allow for a 22-year old to take all of their most secret and damning secrets and send them to her alleged puppet master Vladimir Vladimirovich, I say they deserve everything they’re getting. But it IS the sort of thing that if you want to report it like it’s actual news, you sure need to be convincing, you need proof, that sort of thing, not the anti-Putin innuendo US media rely on as their main standard today. Butina with no proof is just a nice by now 30-year old girl who happens to be Russian.

As for the Trump campaign having a negative $1 trillion value, I derive that from all the people who’ve once again, after a handful Mueller tidbits, started saying the Donald will be impeached any moment now, and many around him will go to jail for decades. You know, I can read too, and that’s not what I see. Much of what I see comes down to the reasoning that Trump has not yet been impeached as President because .. he is the President.

Yes, that is pretty funny, but it’s not humor beyond my abilities, and I’m not a comedian by trade. We’re still, even after those Mueller bits, stuck with Papadopoulos who’s been framed and went to jail for 2 weeks for it (shame on Mueller for that, deep deep shame!), there’s Cohen who lost his tracks in between lying for Trump and lying about Trump, and Manafort, a thirteenth wheel on a wagon of which there are dozens in DC, fixers and handlers.

You tell me why Manafort faces years in jail while Rahm Emanuel became mayor of Chicago. But if you’d actually want to explain, I suggest you prepare well, maybe talk to a few lawyers in the process. Washington attracts shady characters like dung beetles to horse shit and honey bees to Mountain Dew, and only a special counsel would ever think of picking them off one by one if he can’t find any of the actual crimes that he was appointed for to find. Cue: Rahm Emanuel.

 

Meantime my pal in arms Jim Kunstler thinks Michael Flynn is laying low as Mueller whoops his ass because he can, only to hit back at Mueller as soon as he’s freed from what are at best shaky allegations. Talking to a Russian is not a crime, not even, or even especially, when you’re the security adviser to the next president.

Michael Flynn’s real suspicious job was advising Turkey on security issues, but then that’s not what Mueller targeted him for. So yeah, Let Flynn rise. And once again, don’t let’s forget that he said when the whole circus began, that he saw no way he could defend himself against anything Mueller might have thrown at him, that his entire family was on the verge of bankruptcy.

“But you talked to a Russian!” say the news media. Cue mushroom clouds in the remote background. But don’t you see, Trump is a criminal with decades of crimes under his belt, and all of his family are too! Look, I don’t know these people, and I’m fine not knowing them, not my cup of tea, but how much time did any of them spend behind bars so far?

And now they would have to go to jail just because Donald was elected president and the DOJ appointed a friendly ex-FBO head special counsel on the basis of a dossier paid for by his political opponents? To what extent does that spell justice to you? Yes, feel free to cue Rahm Emanuel again.

See, if certain people can be sent to jail because they rise too high in certain circles that don’t want them to disturb the power inherent in their sphere, while other operatives from the exact same mold though perhaps another political affiliation, are nominated to lofty and lucrative careers and positions, isn’t there something awry?

Are any of them perfectly innocent? Hell no, but them if they were, they wouldn’t be in the positions they’re in, the very positions that allow Robert Mueller to target them. From that point of view, it obvious it’s just a little power game played out in front of your eyes, you who have nothing to do with it but think you’re supposed to have an opinion on it.

Is Donald Trump a worse and bigger criminal than George H.W. Bush was? One half of America can answer that in no time flat. The other is thinking they wouldn’t be so sure. How many people has the Donald condemned to death so far? And he’s already about half way through the time Bush41 spent in the White House.

Perhaps it’s not about who’s a criminal, but about who’s the prosecutor. And with Mueller’s role in the sordid Whitey Bulger tale, and his even more sordid testimony in the Iraq WMD fantasies that led to millions of legalized murders celebrated as victory by both Washington and the US media, which kettle is blaming which pot here?

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Categories
1st Amendment Tyranny

Fairytales and Snowflakes

Fairytales and Snowflakes by  – The Automatic Earth

There are not many things that I’m allergic to. But there are some. Here’s a good example: bigotry. Behold, in the article quoted below, the danger of political correctness in all its glory. A 30-year old Christmas song, Fairytale of New York, it is claimed, must be censored or banned. For a reason I’ll explain, such things always make me think of Rembrandt’s painting “Bathsheba at her Bath” (the painting above), which hangs in the Louvre.

No doubt there are those who are offended by her nakedness. But as John Berger put it in the video below, the master painted it with the utmost love and devotion. I first saw the video many years ago in art school, and it’s always stayed with me. Berger was a British art critic (he died last year) who wrote many books and made lots of TV shows on his view of what makes art – and its viewers- tick, together. Berger loved Rembrandt as much as Rembrandt loved Bathsheba. And so do I.

Back to the song, Fairytale of New York: There are people who think/feel/proclaim that the perhaps most popular Christmas song of the modern age contains one word they do not like, and must therefore be changed. It hurts their safe space, or something. It’s not politically correct. You can’t say ‘faggot’, even after it’s thoroughly explained to you that it means something else entirely in older Irish vocabulary. This is a very dark road towards a very dark future; don’t go there.

We can censor and ban a large part of art -and rock- history if we go by 2018 PC standards, but we should never give in to the vapid illusion that we know better now than the artists in the days and places when and where they produced the paintings, the sculptures or the songs. That is profoundly stupid, arrogant and conceited. None of us are any better than the Greek and Roman sculptors who carved their genius marbles of naked splendor. None of us are better people than Rembrandt or Michelangelo or the ancient Greek sculptors just because we live later in time then them. So we have no right to correct them.

And none of us have the right to demand a correction of a 30-year old song. Don’t even try to take our art away from us. It’s the best thing handed to us through the ages. Art is where man excels, much more than technology or anything like that. Art. And Fairytale of New York is Art. So don’t you dare touch it.

 

Calls To Censor ‘Fairytale Of New York’ Lyrics

A student newspaper editor has called for the word “faggot” to be censored from The Pogues’ popular song “Fairytale of New York” over claims it is offensive. Tom Haynes, the assistant editor of The Tab, shared his opinion about the classic Christmas song in an article titled: “Dear straight people, stop singing the word ‘faggot’ in ‘Fairytale of New York’” – which has since divided people on social media.

According to Haynes, the line in question, sung by Kirsty MacColl, “you scumbag, you maggot, you cheap lousy faggot,” is homophobic – but despite being censored on some stations, including the BBC and MTV channels, continues to be sung by “straight people” when it comes on. “Only when you take a step back does something seem off with that picture in 2018,” Haynes wrote.

He also points out that, despite being repurposed by the gay community, the slur can “evoke very specific memories of being bullied either online or in real life” and is comparable to the n-word. Haynes concludes by suggesting that people simply skip the word when singing the 1987 song – which has faced lyrical controversy numerous times in the years since it was released. “That’s all – one word, two syllables. Not too much of a stretch, right?” he wrote. The response to Haynes critique of the beloved Christmas song has been varied – with some disagreeing and labelling the editor a “snowflake” millennial, and others recognising that he has a point.

According to some people on social media, who have defended the use of the word in the song, faggot has a different meaning in old Irish slang. “I won’t be refraining from singing the lyric ‘cheap, lousy faggot’ in ‘Fairytale of New York’ because it’s not in reference to any homophobic intent – in old Irish faggot simply means a lazy person,” one person wrote. Another said: “Snowflakes left right and centre saying ‘Fairytale of New York’ is homophobic when in reality the cheap lousy faggot line is in reference to laziness.”

 

 

Update: as I was writing this, and looking for info, I stumbled upon singer Shane McGowan of the Pogues actually defending the lyrics . Sort of. And saying the band are not going to change a thing. But really, he should tell ’em all to stick it to the dark side of the moon.

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Categories
Economy Manipulation Tyranny

Macron Heralds The End Of The Union

Macron Heralds The End Of The Union by  – The Automatic Earth

The concept of the EU might have worked, but still only might have, if a neverending economic boom could have been manufactured to guide it on its way. But there was never going to be such a boom. Or perhaps if the spoils that were available in boom times and bust had been spread out among nations rich and poor and citizens rich and poor a little more equally, that concept might still have carried the days.

Then again, its demise was obvious from well before the Union was ever signed into existence, in the philosophies, deliberations and meetings that paved its way in the era after a second world war in two score years fought largely on the European continent.

In hindsight, it is hard to comprehend how it’s possible that those who met and deliberated to found the Union, in and of itself a beneficial task at least on the surface in the wake of the blood of so many millions shed, were not wiser, smarter, less greedy, less driven by sociopath design and methods. It was never the goal that missed its own target or went awry, it was the execution.

Still, no matter how much we may dream, how much some of the well-meaning ‘founding fathers’ of the Union may have dreamt, without that everlasting economic boom it never stood a chance. The Union was only ever going to be tolerated, accepted, embraced by its citizens if they could feel and see tangible benefits in their daily lives of surrendering parts of their own decision making powers, and the sovereignty of their nations.

There are 28 countries in the Union at this point, and one of them is already preparing to leave. There are 28 different cultures too, and almost as many languages. It was always going to be an uphill struggle, a hill far too steep for mere greed to master and conquer. History soaked Europe in far too much diversity through the ages for that. To unify all the thousands of years of beauty and darkness, of creativity and annihilation, of love and hatred, passed on through the generations, a lot more than a naked and bland lust for wealth, power and shiny objects was needed.

And sure, maybe it just happened on the way, in the moments when everyone was making new friends and not watching their backs for a moment. But they all still should have seen it coming, because of those same thousands of years that culminated in where they found themselves. The European Union is like a wedding and marriage without a prenup, where partners are too afraid to offend each other to do what would make them not regret the ceremony later.

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Categories
NWO Treason Tyranny

Smear Slander Rinse and Repeat

Smear Slander Rinse and Repeat by  – The Automatic Earth

The way ‘news’ is reported through known outlets changes so fast hardly a soul notices that news as we once knew it no longer exists. This is due to a large extent to the advent of the internet in general, and social media in particular. On the one hand this has led to an absolute overkill in ‘news’, forcing people to pick between sources once they find they can’t read or view it all, on the other hand it has allowed news outlets to flood the former news waves with so much of the same that nobody can compare one source with the other anymore.

Once you achieve that situation, you’re more or less free to make the news, rather than just report on it. The rise of Donald Trump has made the existing mass media realize that one-sided negative reporting on the man sells better than anything objective can. The MSM have sort of won the battle versus the interwebs, albeit only in that regard, and only for this moment, but that is enough for them for now; just like their readers, they don’t have the scope or the energy to look any further or deeper.

This is in a nutshell, and we really should take a much more profound look but that’s another chapter, what has changed the news, and what will keep on changing it until the truth sets us all free. This is what drives outlets like CNN, the New York Times and the Guardian today, because it provides them with readers and viewers. Which they would not have if they didn’t conduct a 24/7 war on a set list of topics they know their audience can’t get enough of.

For these outlets, there are are three targets: Assange, Putin and Trump. And it’s especially the alleged links between the three that gets media -and politicians- excited, because if such links exist, the case against the individual targets is greatly reinforced. Trump can be portrayed in a much more damaging light if he’s painted off as Putin’s stooge, Putin becomes an enemy of America, Britain and the EU is he’s deciding elections in these countries (and poisoning people), and Assange can really only be set in a negative light if he aids and abets both of them.

The problem would be evidence. Or it would seem to be, at least. But the news has changed. We are well into the second year of ‘reporting’ on how Trump and Putin have conspired against Hillary, and there is still no proof other than intelligence services swearing on their mothers’ graves that really, Assange, Putin and Trump have targeted our democracies in order to take over control of them by illegal means.

They are the enemy, and you, who are of course on the other side, are their victims. But your trusted media will save you from a grueling fate. Now, if the passing of George HW Bush makes anything clear, it’s how united politicians and media are in praise of him, and against everyone else. The Observer, Guardian’s Sunday sister, puts it ever so eloquently today:

“Whether it’s his shabby efforts to defend Mohammed bin Salman, the Saudi crown prince accused of ordering the murder of Jamal Khashoggi, his professed “love” for North Korea’s ruthless dictator, Kim Jong-un, or his unashamed kowtowing to Putin, Trump undermines his office.

What a sorry contrast he presents with the dignified former president, George HW Bush, who died this weekend. Bush Sr wasn’t perfect, but he understood what making America great really means.”

It shouldn’t be necessary for anyone to point out that HW was basically a war criminal in thinly veiled disguise, who ordered the bombing of a caravan of civilians in Iraq 27 years ago, as the US had invaded Iraq because Saddam Hussein had taken Kuwait egged on by that same US. If you can call that dignified, you have issues.

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Categories
Economy Manipulation NWO

Jim Kunstler Chats with Raúl Ilargi Meijer of The Automatic Earth (Podcast)

Jim Kunstler Chats with Raúl Ilargi Meijer of The Automatic Earth Podcast

Did a podcast with James Kunstler the day after the midterms. We had a great time. We’ve never met, but we’ve known each other for a long time. Lots of mutual appreciation.

The timing meant we missed out on Jeff Sessions’ resignation, and on Jim Acosta being fired. No doubt those events would have taken us well past the one hour mark. Well, there’s always a next time.

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Categories
NWO Tyranny

Nationalists and Patriots

Nationalists and Patriots by  – The Automatic Earth

If and when a former Rothschild banker starts telling us what the words in our respective languages actually mean, beware. Even if he has dozens of professional speech writers and spin doctors to do it for him. And even if the meaning and interpretation of words, though they may seem easily translatable, differ between English, French, German, Russian, Chinese to such an extent that Lost in Translation may appear to be an understatement.

But if you’re that Rothschild banker who became president of France through a process that nobody will ever understand, and you host the 100th commemoration of perhaps the worst war ever in history, to be ‘celebrated’ with ‘leaders’ none of whom have exhibited any memory through their actions of the ‘This must never happen again’ that the war ended with, you can expect to get away with bending both history and language.

Macron’s entire audience was ready for, and willing to absorb, a message that seemed so benevolent and sincere and loving, and that perhaps most of all was yet another jab at one of his guests, the American president. They were eating it up. As long as they can appear to stand together against Trump, they can make their people, their voters, and perhaps even each other forget how divided they themselves are.

It was nothing but one more circus, one more theater piece, albeit this one extremely carefully scripted for many months and by many of the finest directors and script writers France has to offer. The underlying theme: the EU is good, so is the UN, NATO is good etc. The list would include the IMF, World Bank and on and on. Big global institutions are good, the bigger the better, and criticism of them is not.

Macron’s spin doctors had come up with a few choice lines to express these sentiments. And since I couldn’t find anyone who had looked at those lines with anything but silent and blind admiration (undoubtedly only due to the solemn occasion) , please allow me. Here’s some of the things Macron said, the way they were translated into English, according to Anglo media:

“The old demons are rising again, ready to complete their task of chaos and of death.” “Patriotism is the exact opposite of nationalism. Nationalism is a betrayal of patriotism.

“In saying, ‘Our interests first, whatever happens to the others’, you erase the most precious thing a nation can have, that which makes it live, that which causes it to be great and that which is most important: its moral values.”

Well, yes, the old demons are rising again. Or rather, they have been for years. French arms sales to countries and their often dictatorial leaders who one could classify as ‘nationalists’ have never really abated in the past 100 years. As a country, as a society, at least on the leadership level, nothing has been learned. The only ‘excuse’ Paris could provide for this is that all the other countries who sent away their young and strong to be slaughtered never learned a thing either.

But the spin doctors’ finest hour comes after this: “Patriotism is the exact opposite of nationalism. Nationalism is a betrayal of patriotism.” I’m not a linguist, but I know enough about languages -and so do you- to know this is utter nonsense. You may attempt to find some differences between nationalism and patriotism, if you want, but they will never be each other’s opposite. Unless you either are Macron looking for a catchy line or you write his speeches for him.

Obviously, Macron said this because Trump declared himself a nationalist recently. And Macron could now claim that this means Trump is not a patriot. Which we all know is hollow talk. Because Trump said it while speaking about trade, about the US economy. Which does nothing to ‘prove’ he doesn’t love his country. But that is what Macron suggests. He claims patriots love their country, and since nationalism is the opposite of patriotism, Trump does not love America.

Also, and again referring to Trump without mentioning him (if only he had the guts), Macron alleged that nationalists don’t care one bit about what happens to anyone who’s not a citizen of their country. Whereas it is much more likely to mean -I’m treading softly here- that there are people who look out for their own people first, and others after, and they expect all countries to do the same. Macron does the same. A long way away from “whatever happens to others”.

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Categories
Economy Geopolitics

Quantum, Jazz and Dada – 1

Quantum, Jazz and Dada – 1 by  – The Automatic Earth

Ilargi: Much to my surprise, I received a mail from an old friend. Alexander Aston last wrote for the Automatic Earth in 2014. But he hasn’t been idle. Alexander is presently finishing his doctorate in archeology at Oxford, after prior degrees in philosophy and history. And for this article, he’s been thinking about how upheaval and collapse tend to lead to new insights, new bursts of creativity, in science, religion, society and the arts. A view that’s -too- rarely contemplated. It’s so long I cut it into three parts. Please don’t miss any of them.

Here’s Alexander:

Quantum, Jazz and Dada:
The Dynamic Symmetry of Destruction and Creativity

Do not now seek the answers, which cannot be given to you because you would not be able to live them. And the point is, to live everything. Live the questions now. Perhaps you will then gradually, without noticing it, live along some distant day into the answer.”
– Rainer Maria Rilke

Introduction

This paper is not about Quantum, Jazz and Dada per se, but rather a meditation on those radical bursts of human creativity that occur during historically destructive moments. Ultimately, my thesis is quite simple. Barring the possibility of extinction, humans are on the precipice of the most radical social reorganizations in the history of the species. In navigating this process of transformation, if we wish to create a world worth living in, it is necessary to understand the interactions between energy, ecosystems, cognitive development and social organization.

Without a grasp on the interdependence of these relationships there is no hope for shaping our world in a healthier manner. What is historically unquestionable is that periods of radical upheaval result in drastic reconfigurations of belief, meaning and knowledge. In the contemporary world, metaphysical and theoretical assumptions about the division of mind and matter, culture and nature, humans and environment all stem from a philosophical and scientific heritage that has divided form and flow. If we are to create something better out of the ongoing destruction of the current system we must radically rethink our understanding of energy, matter and the interdependence of humanity and the Earth.

Collapse Ain’t Nuthin New

At the beginning of the twentieth century the Industrial Empires and their world order collapsed, imploding into a cataclysm of brutality and desperation that persisted for decades. Czars and Kaisers, empires and vassals dissolved in the onslaught of history. The old order was left rotting in the trenches. Muddy altars to the gods of empire and industry that demanded a blood sacrifice beyond comprehension. In the wake of the destruction, new imperial orders and secular religions emerged in the search for control and stability, dominating and traumatising those that survived the slaughter. It is impossible to grasp fully the horror and devastation of the period.

The wars, depressions, epidemics, famines, revolutions and authoritarian regimes have become so normalised in our narratives that it is hard to grasp the magnitude of these events. It was a cascading systems failure of a scale and intensity without historical parallel in terms of the global scope and the speed at which it unfolded. There are few words for the early twentieth century collapse other than horrific. Yet, even as the tragedy unfolded, a profoundly creative dynamism emerged from the ashes. Like a successional ecology following a wildfire, scientific, artistic and social practices began to transform.

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Categories
Civil Unrest Liberty & Freedom Uprising

Trump vs the Midterms

Trump vs the Midterms by  – The Automatic Earth

Pollsters were so wrong in 2016 you’d think they would have changed jobs by now. Yeah, sure. We remember the 97% prediction for a Hillary win, right? And the 92% from the New York Times? Happy days. Now we have the same suspects plying their usual trade again. As if nothing has changed. And that’s a bit of an issue. It would be beneficial if pollsters asked themselves why they got 2016 so wrong, but since there’s been little to no consequence for their livelihoods, they haven’t.

Because of the frenzy whipped out over today’s midterms, with almost everyone declaring this the most important midterms, if not elections, of their lifetimes, more people have participated in early voting, and far more than usual have expressed their intention to go vote.

And so the pollsters look at that and apply their age-old models to it. More people voting is good for the Democrats, as is more early voting, according to them, and so is more young people voting. Ditto for black people, Hispanics. Because that’s how it’s always been. And it’s easier that way than to actually go talk to people about their votes, and the reasons behind these votes.

But it’s as if Trump never happened in 2016, when his performance made that entire polling industry look like useless fools. How about if Trump’s rallies and tweets are a major reason why more Americans, and more young Americans, will go and vote? Certainly doesn’t sound crazy.

Update: after I wrote the above last night, first thing in the morning came this graph from NBC. I feel at least partly vindicated.

 

 

The Democrats and their media allies have a bit of a Catch-22 going on. They want to sound enthusiastic and confident about the midterms, but not so much that it will make potential voters stay away. It doesn’t seem to work: they again sound like they got it in the bag.

Moreover, their entire schtick is based on one thing only: Trump. Not being Trump is supposed to be their ticket to ride. They don’t actually have programs or policies, at least not on a national level. They’re simply betting on being able to whip up enough hatred of the Donald.

In a nation as polarized as America is these days, that is both extremely easy and extremely hard. Easy, because the one half of Americans who already despise the man read and see that part of the media that cultivates that hatred from dusk till dawn every single day.

Hard, because there are very few people left who are either on the fence or don’t hate the man, whose opinions could be changed by more of the same kind of ‘reporting’. The chips are down, the lines have been drawn.

If only the MSM could report on terrible economic numbers on top of labeling Trump a racist, misogynist, aniti-Semite, fascist. But the economy -on the surface- is doing fine, and it’s that, stupid. For many Americans, including fence-sitters, that’s what it’s all about.

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NWO Treason Tyranny

Trump Is America’s National Piñata

Trump Is America’s National Piñata by  – The Automatic Earth

TDC Note – That’s a fact!! It’s good thing he was built this mission.

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It’s been quite a while since I first wrote that I resented the MSM (New York Times, Washington Post, CNN, MSNBC etc etc) for effectively monopolizing the entire discussion about Donald Trump. Don’t remember exactly when I wrote that, do remember Jim Kunstler sent a mail and thanked me for saying it. Because he felt- and feels- the same way.

The 24/7 daily Trump bashing machine that was unleashed in late 2015/early 2016 meant that people like us had a choice of criticizing Trump where he needed to be criticized, but that would put us in the MSM camp, where we don’t want to be. And we don’t want to not criticize him either, because there’s so much that needs scrutiny.

A third choice would be to not write at all, but hey, we’re writers. And so we’re either Trump-fans, something I’ve been accused of a lot, and I’m sure Jim has too, or we’re Trump haters, depending on what we publish. In reality, of course, we’re neither, but the way the conversation has been built, there’s no neutral ground. You’re either with us or with him.

Today, almost 3 years later, nothing much has changed about this. Other than, as I wrote at a later date, the mass media have become consciously aware that Trump is their money machine. Their financial people started pointing out that posting negative stuff about Trump all the time got them a lot of new readers and viewers and income streams. And so they continued doing it.

Their ‘news’ didn’t have to necessarily be true, or provable, it only had to look as if it could be true, until the next show or article, or the next day. That’s how we got the Russiagate story, which still lacks all evidence. Like a million other narratives, none of which have really gotten anywhere. It doesn’t matter. People who don’t like Trump eat it up. And there’s plenty of those, not in the least because of the picture the MSM has painted. It’s a self-fulfilling prophecy thing.

 

And today, if you take a good look, you can see that the MSM are stuck. Their entire business model over the past 2.5 years has been built on bashing Trump, and now they have to stick with that. This is how they make their money. If their viewers and readers would understand this, then perhaps some of them would wonder: ‘What am I watching here really?’ But they don’t.

There are some who are simply gullible, there are those who fall victim to information overkill and can’t tell black from white anymore, and then there’s still quite a large group who will never like anything Trump does, no matter what. Because.

But that should never be enough for an organization that purports to report only the news, impartial and objective. You can’t publish stuff solely because you know it will be eaten up and make you money. That’s not the news business, that’s entertainment.

Now, I rarely watch TV. When I’m in Greece, where I’ve spent most of my time the past few years, I see none, other than the odd soccer game at a sports bar. But last weekend I flew to Holland, and there I got to see me some CNN. Oh boy. It was when the first dummy bomb package had been reported, and more of them started to spread.

Nobody knew anything about the ‘bombs’ themselves (we still don’t), about motive, about who sent them, none had gone off, they didn’t know if these things could have gone off, nothing at all. But nevertheless CNN labeled the event: ‘Mass Assassination Attempt’. And then, you know, they have all these time slots to fill, so they all yap and yap as if this is something real that they know something about.

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Banksters Economy Manipulation

Bubbles, Balloons, Needles and Pins

Bubbles, Balloons, Needles and Pins by  – The Automatic Earth

It’s no surprise that China has its own plunge protection team -but why were they so late?-, nor that Beijing blames its problems on Trump’s tariffs. GDP growth was disappointing at 6.5%, but who’s ever believed those almost always dead on numbers? It would be way more interesting to know what part of that growth has been based on debt and leverage. But that we don’t get to see.

So we turn elsewhere. How about the Shanghai Composite Index? It may not be a perfect reflection of the Chinese economy, no more than the S&P 500 is for the US, but it does raise some valid and curious questions.

Borrowing from Wolf Richter, here are some stats and a graph::
• Lowest since November 27, 2014, nearly four years ago
• Down 30% from its recent peak on January 24, 2018, (3,559.47)
• Down 52% from its last bubble peak on June 12, 2015 (5,166)
• Down 59% from its all-time bubble peak on October 16, 2007 (6,092)
• And back where it had first been on December 27, 2006, nearly 12 years ago.

 

 

The first thing I thought when I saw that was: how on earth is it possible that in an economy that’s supposedly been growing 6%+ for a decade, stocks have gone nowhere at all? And obviously the role of the Shanghai index is different from that of the S&P, the DAX or the FTSE, but at the alleged Chinese growth rate, the economy would have almost doubled in size in 10 years. And none of that is reflected in stocks?

 

 

And if you think Shenzhen is a better barometer of ‘real’ China, Tyler Durden had this graph yesterday. Not the same as Shanghai, but similar for sure.

 

 

But other aspects of the Chinese economy are perhaps more interesting, I think. China’s mom and pop are not typically in stocks. In the Zero Hedge article I took that graph from, there is also this:

“There’s a liquidity crisis in the stock market, and pledged shares are again starting to sound the alarm,” said Yang Hai, analyst at Kaiyuan Securities. [..] The fear is that if Beijing does nothing, the self-reinforcing liquidation is only set to get worse: with $603 billion of shares pledged as collateral for loans – or 11% of China’s market capitalization, – traders are increasingly concerned that forced sellers will tip the market into a downward spiral.

[..] China in June told brokerages to seek approval before selling large chunks of stock that have been pledged as collateral for loans, while the top financial regulator in August warned the industry that it’s closely watching corporate stock pledges. Neither of those warnings appears to have generated the desired outcome, and the result is that two-thirds of Shenzhen Composite stocks are now at 52-week lows or worse.

[..] what are investors to do in this time of panicked selling? Why demand more bailouts of course, like begging the National Team to step in and rescue them (just like in the housing market): “If there are no real policies to cure the array of problems and ailments in our market, no one will be willing to take the risk,” said Hai. “Authorities keep saying that there is room for more polices, but where are they?”

“It’s high time the state stepped in,” said Dong Baozhen, a fund manager at Beijing Tonglingshengtai Asset Management. “The national funds cannot just sit on the sidelines and watch this atmosphere of extreme pessimism.”

It’s this clamoring for the state to come to the rescue of people who are losing money that would appear to define China today, where there is a stock market and housing market, and many ‘investors’ making lots of money, but where the mentality still seems to lurk back to days of old whenever things don’t only go up in a straight line.

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NWO Tyranny

Ban Saudi Oil

Ban Saudi Oil by  – The Automatic Earth

According to Middle East Eye, Richard Branson, Andrew Ross Sorkin, Economist editor-In-chief Zanny Minton Beddoes, World Bank president Jim Yong Kim, New York Times, Financial Times, Uber CEO Dara Khosrowshah, Viacom CEO Bob Bakish and AOL founder Steve Case have all withdrawn from Saudi Arabia’s Future Investment Initiative conference, to be held this month in Riyadh. Branson also put a $1 billion investment plan on hold.

Also, on Wednesday, former US energy secretary Ernest Moniz said that he had suspended his role on the board of Saudi Arabia’s planned mega business zone NEOM, to which he was named on Tuesday. The Harbour Group, a Washington firm that has been advising Saudi Arabia since April 2017, ended its $80,000 a month contract on Thursday. JPMorgan CEO Jamie Dimon is still scheduled to speak at the conference, as is Mastercard CEO Ajay Banga, but they won’t risk the damage to their reputations.

All this is due, obviously, to the disappearance of Jamal Khashoggi, a former close aquaintance of the Saud family, who moved to the US and wrote for the Washington Post (how’s Amazon’s Saudi business, Jeff Bezos?) after falling out with the House of Saud.

As the what someone actually labeled “unfolding diplomatic crisis” takes shape, there is really only one thing to say about these people and organizations: they the worst group of hypocrites ever. And their reasons to boycott the conference must be questioned.

Because before Khashoggi vanished they all apparently though it was quite okay to go feed at the Saud trough, despite the still ongoing slaughter of millions of people in the ‘war’ in Yemen. Which makes one suspect it’s not so much about their principles but about their public image.

Donald Trump said he won’t stop weapons sales to the Saudi’s because they would just buy their arms from someone else, like Russia (it would be interesting to get Putin’s view on Khashoggi). And while Trump is completely wrong here, at least he’s not hypocritical about it.

Not selling guns and tanks is by no means the most forceful action vs MBS and his dad, and not just because they can buy them elsewhere. What’s much stronger as a protest against what apparently happened to Khashoggi is to hit the Sauds where it hurts: in their wallet. That wallet is being filled by the sale of oil.

Simply stop buying their oil. Tell Shell and Exxon and BP and Total to get the hell out of the country. It’s just that to top off the hypocrisy, the best -only?- replacement for Saudi oil is Russian oil, and the US and Europe are engaged in a long drawn out smear campaign to isolate Russia from their world order.

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Banksters Economy Manipulation Stock Market

Of Course The Fed Is Crazy

Of Course The Fed Is Crazy by  – The Automatic Earth

Finally financial ‘markets’ go through a substantial dip, which Steve Mnuchin claims is just temporary and Donald Trump says is caused by the fact that the Fed is ‘loco’. Mnuchin may well be right, but it won’t be because he knows something you don’t.

And Trump is certainly right, but in reality the Fed has been loco for many years, so why be surprised if it acts crazy now? The reason Mnuchin and a million other ‘experts’ may be right without realizing it is that the Fed has been crazy enough to kill the financial markets.

Or at least killed what made the markets functional, and beneficial to society. And that may well be exactly what Jay Powell is trying to repair, but he may well not be aware of that either. Looked at from a ‘benign’ angle, Powell is perhaps raising rates so people can regain insight into what they’re buying.

The pre-Powell Fed pushed up asset prices (don’t let’s say ‘values’) to such heights nobody has any insight anymore into what anything is truly worth. And in what was formerly known as the financial markets that was not important, because what were formerly known as investors were making heaps of money regardless.

Surely they must all have known that this wouldn’t continue?! That it’s just a matter of timing, of knowing when it would end? Oh, but that’s not really possible, is it, without the very price discovery process the Fed successfully strangulated?

Still, there must also be tons of people left thinking the Fed can kick that can six times to the moon and back, or sixty. If only because they’ve never bothered to think about price discovery, and what role it plays in the very ‘markets’ they volunteer to spend their money in.

And along those same lines, many acknowledge housing bubbles in Sydney and Vancouver but think the US has learned its lesson a decade ago. And the loco Fed plays its role there too: mortgage rates have been ultra-low, enticing the last left batch of greater fools not mortally wounded by the last fire to jump in this time. Wolf Richter’s Case-Shiller graph says plenty in that regard:

 

 

But of course things tend back to normalcy, and it doesn’t take all the overleveraged stock- and home buyers longing for price discovery; it takes just a few to get the engine started. And then everyone will be along for the ride. So from that angle Jay Powell looks anything but crazy raising rates, we just can’t be sure if he knows what the consequences will be.

Not that it matters all that much what he does or does not know. What was formerly the market is like a pendulum swung so far out of balance that it costs ever more effort and money to keep it from moving towards equilibrium, and that process has only one possible outcome.

For mortgage rates, it looks something like this, and to make anyone able to buy any home at all higher rates will of necessity mean lower prices. You can’t, nobody can, not the Fed or the government can, keep that pendulum away from its tendency towards equilibrium forever.

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