SEP 12 2021 ND SIT EC y POL Part 1
ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
END OF THE US EMPIRE: ORWELL'S 1984 'NEWSPEAK' & DIRT CHEAP GOLD
Authored by Egon von Greyerz via GoldSwitzerland.com,
“Every record has been destroyed or falsified, every book rewritten, every picture repainted, every statue and street renamed, every date altered... History has stopped. Nothing exists except an endless present in which the
The final phase of Empires normally ends with the same signals whether it was 2000 years ago in Rome or today in the US.
One of the first signs is losing wars together with excessive debts, deficits, devaluations and decadence The US being defeated and hurriedly fleeing from Afghanistan in a few days clearly signifies the end of the US empire.
The mighty US military has in the last few decades conducted disastrous wars against very small countries with no big armies or weaponry. Vietnam, Iraq, Libya and Afghanistan come to mind but there are many more as we show below.
Brown’s University has just made a study of the US cost of wars since 9/11. They arrive at a staggering $8 trillion and the loss of 900,000 lives .
So in the last 20 years, the US has spent $8 trillion or 40% of annual GDP on conducting totally unsuccessful wars. The report also states that even after the exodus from Afghanistan the US is still involved in wars in over 80 countries.
US CURRENT WAR ACTIVITY
The cost of being involved in some kind of war activity in 85 countries will continue to cost the dying US empire dearly for decades to come.
1984 IS HERE AGAIN
Are the 2020s going to be a return to Orwell’s 1984 with Big Brother watching us everywhere?
Well, it certainly looks like many governments and the elite is leading us in that direction.
Covid has been a superb excuse for controlling the people in a number of countries. Free speech has been banned in the media and unacceptable censorship is now the rule on social media whether it relates to vaccines, climate or race.
“Don’t you see that the whole aim of Newspeak is to narrow the range of thought? In the end we shall make thoughtcrime literally impossible, because there will be no words in which to express it.”
― George Orwell, 1984
But it gets worse as we are seeing severe clampdowns on free movement. There are lockdowns, quarantines, restrictions or bans on travel both domestically and internationally, ban on shopping, restaurants, theatres, cinemas, stadiums with offices and schools closed. And then we are not allowed to see friends, parents, or even go to work. The list of restrictions is endless and they seem to be deliberately and regularly turned on and off in order to control confuse the people.
“Doublethink means the power of holding two contradictory beliefs in one’s mind simultaneously, and accepting both of them.”
― George Orwell, 1984
There have been great variations of these restrictions. Countries like Australia and New Zealand have locked people in. Then we have, for example, Sweden on the other hand which has had virtually no restrictions, and no closure of schools, shops or offices. No masks have ever been mandated.
The map below shows in blue the area of Africa where Ivermectin has been successfully used. The blue line at the bottom shows deaths per 100,000 in that region. A massive difference to the deaths (yellow line) in the yellow areas.
See MAP
https://cms.zerohedge.com/s3/files/inline-images/US_Empire_Dying_2.png?itok=7X8mUfTj
HISTORY REWRITTEN
In the US and the UK history is now being rewritten especially at university campuses. Statues, paintings and books related to slavery are being taken down even if the historical person was a major benefactor to the university in question.
“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”
― George Orwell, 1984
In North America a major part of the original population was killed and the rest moved to reservations. If we rewrite history the Europeans must obviously pull out and give the land back to the Indians.
Hardly practical!
“The Ministry of Peace concerns itself with war, the Ministry of Truth with lies, the Ministry of Love with torture and the Ministry of Plenty with starvation. These contradictions are not accidental, nor do they result from from ordinary hypocrisy: they are deliberate exercises in doublethink”
― George Orwell, 1984
RICH LAND POOR LAND AND DESTITUTE LAND
Rich Land – Poor Land – Destitute Land is the natural cycle of most countries and empires.
As a country goes from rich to poor, it finds it hard to accept that it is in a permanent decline.
DEBT
For more powerful countries, running out of money is no problem. Since deficits are only believed to be temporary, they can easily be financed by debt. And this is exactly what happened to the US empire in the early 1960s. There was gradually less money in the till than the country spent, so it started borrowing.
Excessive debt has throughout history killed empires and the already-dying US empire will be no exception.
It took 200 years for the US to reach just under $1 trillion. Reagan managed to treble that debt in just 8 years. Obama inherited a $10t debt from Bush and doubled it to $20t in 8 years.
See Chart:
USA- Chronic Deficits and Debt
https://cms.zerohedge.com/s3/files/inline-images/US_Empire_dying_3.png?itok=56fXmvFN
With debt on average doubling every 8 years since Reagan became president, my target, set 5 years ago, was that in 2025 the US debt would be $40t. But with Biden’s profligacy I would now expect that to be at least $50t !!!!! Just think about it, in 2025 US debt will be 50x higher than when Reagan took over and 100x higher since the gold window was closed in Aug 1971.
See Chart:
US Federal Debt 1971-2025
https://cms.zerohedge.com/s3/files/inline-images/US_empire_dying_4.png?itok=50dK_J7V
So we are now in the exponential phase of the debt explosion. Exponential moves are almost without exception terminal as I explained in this article from 2017:
As debt will have grown 50x since 1981 by 2025, tax revenues will probably stay at a measly $3.5t as the economy slows down or even collapses. The consequences are obvious. When the interest rates rise, which is guaranteed as the Fed loses control, the US empire can’t even afford to pay the interest and will default.
This is how all empires end, they lose not only wars but also total control of money.
THE RICH GETTING RICHER
As the currency collapses more and more fake money must be produced to keep the illusion going. By definition, money which is created without any service or goods offered in return is always fake and has zero real value.
The chart below clearly demonstrates how the wealthy Americans are getting the money first and rapidly increasing their wealth in relation to GDP. In 1982 the 400 wealthiest Americans had a wealth equal to 2% of GDP and today their share has risen 9-fold to 18% of GDP. Wealth inequality is rampant, becoming a neo-feudalism.
See Chart:
The 400 Richest Americans Owns 1/6 TH of GDP
https://cms.zerohedge.com/s3/files/inline-images/US_empire_dying_5.png?itok=bmXadpFo
CONSEQUENCES – PRECIOUS METALS & STOCKS
As debts, deficits and currency debasement accelerate, the consequences are crystal clear and inevitable.
The epic bubble in stocks is coming to an end and could implode at any time. Whether it expands further due to the massive expansion in money supply is irrelevant. Neither a company nor a country can show real growth based on fake money. When the bubble bursts, the world will learn that it consisted mainly of air that will just evaporate.
As the markets implode, so will all the debt and the bubble assets such as stocks, bonds and property. These asset values were all illusory, based on hope and fake money. Once the markets start breaking down, we will see the same process as the stadium above filling up with water. But this time it will be in reverse and values will decline by unthinkable percentages in the “first 5 minutes”. Remember that in the last 5 minutes, the stadium went from 7% full to 100% full.
For our investors and ourselves, we have owned physical gold and some physical silver in Switzerland (obviously outside the financial system) since 2002 when gold was $300 and silver $4.
We were convinced then that the risks we saw necessitated a high percentage of one’s financial assets in gold for wealth preservation purposes. What has happened since completely confirms our position.
See Chart:
GOLD price adjusted for US money supply since 1934 to 2021
https://cms.zerohedge.com/s3/files/inline-images/US_empire_dying_6.png?itok=67ATEkEH
But the world has still not understood how undervalued gold is in relation to the massive expansion of money supply. Therefore I will continue to show the graph below which tells us that gold is as cheap to buy today as it was in 1971 when gold was $35 or in 2000 when gold was $288. In the face of the dying US empire, there is no better asset to own.
SOURCE: https://www.zerohedge.com/geopolitical/end-us-empire-orwells-1984-newspeak-dirt-cheap-gold
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THESE DANGERS LOOM OVER THE FRAGILE US ECONOMY IN THE NEXT 12 MONTHS
The U.S. economy is itself an underlying disaster in the making and in many ways the Covid issue is a convenient distraction away from a much larger threat..
Here are some of the most immediate dangers as I see them in the next 12 months, and what they mean for our future…
-Covid unemployment boost is ending (but it’s too already late)
-Stagflation is becoming undeniable
-The Eviction Moratorium Is Ending And There Is Nothing The CDC Can Do About It.
-Vaccine Passports Will Be The Death Rattle Of Small Businesses
Many retailers are already sounding the alarm over the fear of possible vaccine passports for customers because they know that they will lose at least half of their customer base in response. The enforcement of such rules would require extra costs that will grind down their profit margins. And let’s not forget that if a customer sneaks through security measures, that business might be held liable and fined into oblivion. It’s a lose/lose for business owners which means, again, that many thousands more businesses will close down.
America’s economy will be annihilated.
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SOURCE: https://www.zerohedge.com/economics/these-dangers-loom-over-fragile-us-economy-next-12-months
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5 DIVERGENCES IN THE STOCK MARKET TO KEEP AN EYE ON THIS FALL
Authored by Bryce Coward via Knowledge Leaders Capital blog
...to help ascertain whether 3% dips should be bought or whether a deeper correction is in the offing.
With the S&P 500 up nearly 20% and international developed stocks up 13% year-to-date, the markets are having a banner year so far. But, we are squarely in the weakest seasonal months of the year (September and October) and we are starting to see the first signs of divergences between stocks and variables that are related to stock market performance.
So, here are the things we are looking at and will continue to monitor this fall to help ascertain whether 3% dips should be bought or whether a deeper correction is in the offing.
Number 1: Consumer confidence.
Consumer confidence, whether measured by the Conference Board or the University of Michigan is starting to “come off” in a pretty big way.
We do note that consumer confidence is highly correlated to stock market performance. This makes sense since fully 57% of US households own stocks. So, it’s interesting that consumer confidence (red line) appears to be collapsing but stocks have held their own (blue line).
See Chart:
Michigan Consumer Confidence vs S&P 500
https://cms.zerohedge.com/s3/files/inline-images/pic1_3.jpg?itok=SShWNOYQ
In this next chart we show the spread between the YoY % change in the S&P 500 and that of consumer confidence, and we observe that this spread has only been higher on a few brief occasions
See Chart
https://cms.zerohedge.com/s3/files/inline-images/pic3_1.jpg?itok=c2PUxZoG
This begs the question, will stocks fall or consumer confidence rise?
Number 2: Economic Activity
In a similar vein, stocks are outpacing real time gauges of economic activity by a wide margin. Here we plot the change in the ISM manufacturing index (red) against the S&P 500 (blue). Activity is slowing while stocks remain firm, which is odd since earnings are a function of economic activity.
See Chart:
ISM Manufacturing
https://cms.zerohedge.com/s3/files/inline-images/pic3_1.jpg?itok=c2PUxZoG
In this next chart we can see more clearly by how much stocks are “outperforming” economic growth. Again, we plot the spread between the yearly change in the S&P 500 and the ISM manufacturing index.
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/pic4_3.jpg?itok=v7klfSD1
It implying either: growth picks up steam or stocks settle down.
Number 3: Breadth
We are beginning to see a deterioration in internal breadth within the stock market. The S&P 500 is close to its all-time highs and trading almost 10% above its 200 day moving average. But, the percent of stocks trading above their own 200 day moving average peaked out in Q1 and is rolling over.
See Chart:
Index (USD)
https://cms.zerohedge.com/s3/files/inline-images/pic5_2.jpg?itok=6ensnDiN
In other words, the market is being led by fewer and fewer stocks on each subsequent advance, a setup that can be a precursor for correction, if it gets worse.
Number 4: Waning Participation
Sticking with indicators of market breadth, we note that the Bloomberg advance-decline line for NYSE stocks peaked last June and has been developing a topping pattern ever since.
See Chart:
Bloomberg Cumulative Advance-Decline & S&P 500
https://cms.zerohedge.com/s3/files/inline-images/pic6_2.jpg?itok=CCcwvxs_
This, too, shows waning participation in the market’s advance, which is often precedes corrections deeper than the 3% average correction we’ve seen so far this year.
Number 5: Credit
Finally, while early, credit conditions are no longer improving. Typically, advances in stocks are accompanied by tightening credit spreads in the corporate bond market, since rising stock prices are at least in part a function of improving fundamentals. Yet, corporate credit spreads stopped narrowing in June even as the S&P 500 tacked on another 7%. If spreads take out recent wides, we would view it as a sign that bond investors are starting to get jittery about corporate fundamentals, which is rarely good news for stock prices.
See Chart:
S&P 500 Index compared to BAA Spread
https://cms.zerohedge.com/s3/files/inline-images/pic7_2.jpg?itok=2GDBA4Cf
To be clear, none of these divergences individually are screaming for defensive action. But, taken together, they form a mosaic that suggests the antennae should be a little more piqued than normal. This is especially true given that we’re still in hurricane season, both from a market and policy perspective…and of course from a weather perspective too.
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SOURCE: https://www.zerohedge.com/markets/5-divergences-stock-market-keep-eye-fall
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AMERICAN WORKERS NO LONGER WANT TO WORK INTO THEIR 60S
Amidst a historic labor shortage and government stimulus at all time highs, workers heading into their 60s have had enough, according to new data released by the New York Federal Reserve.
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"SOMETHING'S NOT MATCHING UP": MANCHIN REFUSES TO SUPPORT $3.5 TRILLION SPENDING PLAN
"We've already put out $5.4 trillion and we've tried to help Americans in every way we possibly can..."
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Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
Saudis were directly involved in 9/11 terrorist’s attack:
"Now the Saudis' secrets are exposed and it is well past time for the Kingdom to own up to its officials' roles in murdering thousands on American soil."
by Tyler Durden
Saudi operative with "very high status" at the L.A. consulate was "in daily contact" with two of the hijackers..
Following President Biden's recently signed executive order for the declassification of many of the remaining documents relating to the Saudi role in the 9/11 attacks, the Justice Dept. on Saturday night released its first one - a heavily redacted 16-page report from April 2016.
"NOW THE SAUDIS' SECRETS ARE EXPOSED AND IT IS WELL PAST TIME FOR THE KINGDOM TO OWN UP TO ITS OFFICIALS' ROLES IN MURDERING THOUSANDS ON AMERICAN SOIL."
SOURCE:
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Esas ratas estan vivitas y coleando
AL QAEDA LEADER APPEARS IN NEW VIDEO MARKING 9/11, DESPITE DEATH RUMORS
70-year old Ayman al-Zawahri makes rare video appearance...
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We must pardon & live forever with the profiteers of vaccine who kill many people
The pressure to move away from strict containment measures stems from the fact that they have constrained activity in labor-intensive sectors, weighing on employment.
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DESANTIS RESPONDS TO BIDEN'S VACCINE MANDATE: "IN FLORIDA, WE WILL FIGHT BACK"
"[Biden's] doubling down on things that are going to be very destructive for the livelihoods of many, many Americans,”
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CALIFORNIA MEDICAL ETHICS PROF WITH NATURAL IMMUNITY SUES UNIVERSITY OVER VAXX MANDATE
“[i]f my immunity is as good, indeed, very likely better, than that conferred by the vaccine, there doesn’t seem to be any rational basis for discriminating against my form of immunity and requiring me to get a different form
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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China, RU, Iran search for State socialis, D rest in limbo
NORTH KOREA REPORTEDLY TEST-FIRES NEW LONG-RANGE CRUISE MISSILE
One wonders at the timing of such a provocation..
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AL QAEDA LEADER APPEARS IN NEW VIDEO MARKING 9/11, DESPITE DEATH RUMORS
70-year old Ayman al-Zawahri makes rare video appearance...
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SPUTNIK NEWS : https://sputniknews.com/
- ‘Bungled’ Kabul Drone Strike: US Has a Long Record of Killing 'Wrong' Afghans.
- Al-Sisi's Invite to Bennett an Indication Egypt Wants Warmer Ties With Israel, Ex-Diplomat Says
- Khamenei Lauds Iran's Naval Might as Mini-Armada That Terrorised US on High Seas Returns Home
- ‘Thought I Left My Daughter With No Father’: 9/11 Survivor Who Opted to Help Rescuers in Twin Towers
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