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http://www.whatdoesitmean.com/index3265.htm
July 6, 2020
CIA Assassins Inventing Ghislaine Maxwell Capture Fable Kill 8 In Idaho Plane Disaster
By: Sorcha Faal, and as reported to her Western Subscribers
A gobsmacking highly-classified “Of Special Importance” new Foreign Intelligence Service (SVR) report circulating in the Kremlin today documenting the recent activities of an elite team of Special Activities Center (SAC) commando-assassins from the Central Intelligence Agency (CIA) responsible only to President Donald Trump, CIA Director Gina Haspel and Deputy Director of CIA for Operations Elizabeth Kimber, says that after their 8 June mission that crashed a US Air Force cargo aircraft in Iraq that had fled from America with terrorist leaders aboard, they redeployed to Paris-France—where, on 20 June, the press discovered that the international child sex slaver Ghislaine Maxwell was hiding out in a luxury apartment near the Israeli Embassy—an Israeli Embassy protected by feared and deadly operatives belonging to the Institute for Intelligence and Special Operations (aka MOSSAD)—the most protected place in the world for French citizen Ghislaine Maxwell to hide as France does not allow any of its citizens to be extradited for any reason whatsoever, and she is also the daughter of famed assassinated Israeli superspy Robert Maxwell—thus making it curious as to why this elite team of CIA commando assassins departed from Paris on 30 June and traveled to Pease Air National Guard Base located in New Hampshire—and even more perplexing why the following day, on 1 July, it was reported that Ghislaine Maxwell was captured and arrested at a remote New Hampshire estate—after which, on 4 July, this elite team of CIA commando assassins traveled from New Hampshire to the Mountain Home Air Force Base located in Idaho—where the following day, on 5 July at around 2:20 p.m local time, an explosion occurred taking down two planes and killing eight people. [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
According to the very limited portions of this highly-classified report permitted to be openly discussed among various ministries, in October-2019, a 37-year-old former CIA clandestine service officer, coder, writer, television host, peace activist, and entrepreneur named Amaryllis Fox published her book “Life Undercover: Coming of Age in the CIA”, and in an article to promote it titled “This Is How You Train As a Spy in the CIA’s Most Elite Covert Unit” , saw this young woman married into the powerful Kennedy Family saying: “We run around DC at all hours, high on the fact that the civilians around us are oblivious to what's happening right in front of them”—a person worthy of mentioning, because anyone having such an immature attitude like this would be quickly ousted from every reputable intelligence organization in the world—most particularly one of the world’s most feared intelligence organizations known as the British tabloid press.
Little known to the American people, this report notes, is that in the early 1980s, the British tabloid press establishment began to organize itself into two competing covert intelligence organizations—with one faction being headed Rupert Murdoch and his The Sun tabloid newspaper—and the other headed by Robert Maxwell and his Daily Mirror tabloid newspaper—and after each had filled their ranks with mainly former British spies, engaged in an actual 7-years long war to the death against each other—a war that ended on 5 November 1991, which was when Maxwell supposedly fell overboard from his boat, with his naked and bruised body later being recovered—and since has seen Murdoch becoming the most powerful media baron in the world—and one of whose best friends is the world’s most powerful person President Donald Trump.
By 2002, this report continues, the spies hired by Murdoch for his tabloid newspaper empire began an organized trade in confidential personal information that was widely used by the entire British newspaper industry—that included using illegal means of gaining information such as hacking the private voicemail accounts on mobile phones, hacking into computers, making false statements to officials, entrapment, blackmail, burglaries, theft of mobile phones and making payments to public officials—best known as the “News International Phone Hacking Scandal”—and whose final chapter of was written in Febuary-2020, which was when The Sun paid $34.8-million for its final legal costs in this scandal—an actual pittance compared to what this scandal could have cost Murdoch—but whom everyone knows is protected by President Trump—and more importantly by Trump’s feared CIA Director Gina Haspel.
In knowing this history, this report explains, one can grasp the full significance as to why The Sun blared out to the world their 19 November 2019 headline: “WANTED: The Sun is offering a £10,000 reward for information on Jeffrey Epstein pal Ghislaine Maxwell”—an unmistakable signal to every intelligence agency in the world that both President Trump and Murdoch knew where Maxwell was, who was hiding her and why—but also signaled they were going to wait to either capture or kill her to see what kind of deal could be made.
On 20 June, this report details, whatever “deal” was agreed to by the parties concerned was completed—which allowed The Sun on that date to publish their article “LAYING LOW Jeffrey Epstein’s ‘Madam’ Ghislaine Maxwell Hiding Out In luxury Paris Flat Minutes From Pedophile’s $8.6m Pad” documenting the overwhelming number of people who had seen Maxwell in Paris—and was also the date that a woman named Tana Darley arrived in Paris from Florida and went to the offices of Sotheby's International Reality—and as one would expect as Tana Darley is a realty agent for Sotheby’s International Reality, and says about herself on her Sotheby’s webpage: “The level of clientele she represents includes professionals such as business executives, CIA agents, private investigators, judges, physicians, nurses, lawyers, dentists, pharmacists, engineers, investors, business owners and financial advisors who have and continue to trust Tana with their homes, investments and confidential information”.
Accompanying Tana Darley to Paris on 20 June, this report reveals, was another Sotheby’s International Reality representative named Margaret Weathers—who on her Sotheby’s webpage says she has “Local Expertise and Global Connections” and is a lifelong resident of New London-New Hampshire—and in New Hampshire, sees Margaret Weathers being a premier agent for the Zillow Real Estate Company, and on her Zillow web page sees her saying that “one of her specialties is staging”—the activity or practice of styling and furnishing a home to make it looked lived in and more saleable—and is critical to notice as it pertains to the estate located at 338 East Washington Road, Bradford-New Hampshire, that Margaret Weathers sold for $1,070,750 barely six-months ago on 13 December 2019 (scroll down at link to “Price/Tax History)—and today is an estate best known as “Tuckedaway”—where Ghislaine Maxwell was supposedly arrested on 1 July.
As in all sophisticated intelligence operations meant to be kept secret from the public, this report concludes, this one involving Ghislaine Maxwell will have numerous ever-changing story lines until a final fable can be created and accepted by the masses—and in this case sees either Granite Realty, LLC or Granite Reality, LLC having purchased Tukedaway—with the word “Realty” first being used in news reports, but when a real company with this name was discovered it was then changed to “Reality”—it being comically reported that the purchase of Tuckedaway was made with over $1-million in cash to make it anonymous, an actual impossibility as US federal law makes it a criminal felony to transfer funds over $10,000 without knowing every single party involved to make sure where the money came from and if taxes on it were paid—and today even sees the American people hilariously being able to choose which of the two “official” stories about Maxwell’s arrest they want to believe—with the first “official” story saying: “FBI agents and local police officers rang the bell at the driveway, which was answered by a housekeeper, and Maxwell then hid in the bathroom”—and the second “official” story contradicting the first with its saying: “Bolt-cutters to break the lock on a metal gate leading to the secluded property…Maxwell was up and dressed in the living room wearing sweat pants and a top...strangely she didn’t seem to have much reaction...It was like it wasn’t registering with her”—neither of which can be believed—as the only true fact known at this time about all of this is that “Epstein Didn’t Kill Himself”.
July 6, 2020 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]
[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]
Lincoln-Tsar-Hitler Paradox Of Course Means A Comet Is Coming!
Blood Soaked Fangs Of New York Times Clutching Throat Of America Ready To Kill Again
Return To Main Page
July 6, 2020
CIA Assassins Inventing Ghislaine Maxwell Capture Fable Kill 8 In Idaho Plane Disaster
By: Sorcha Faal, and as reported to her Western Subscribers
A gobsmacking highly-classified “Of Special Importance” new Foreign Intelligence Service (SVR) report circulating in the Kremlin today documenting the recent activities of an elite team of Special Activities Center (SAC) commando-assassins from the Central Intelligence Agency (CIA) responsible only to President Donald Trump, CIA Director Gina Haspel and Deputy Director of CIA for Operations Elizabeth Kimber, says that after their 8 June mission that crashed a US Air Force cargo aircraft in Iraq that had fled from America with terrorist leaders aboard, they redeployed to Paris-France—where, on 20 June, the press discovered that the international child sex slaver Ghislaine Maxwell was hiding out in a luxury apartment near the Israeli Embassy—an Israeli Embassy protected by feared and deadly operatives belonging to the Institute for Intelligence and Special Operations (aka MOSSAD)—the most protected place in the world for French citizen Ghislaine Maxwell to hide as France does not allow any of its citizens to be extradited for any reason whatsoever, and she is also the daughter of famed assassinated Israeli superspy Robert Maxwell—thus making it curious as to why this elite team of CIA commando assassins departed from Paris on 30 June and traveled to Pease Air National Guard Base located in New Hampshire—and even more perplexing why the following day, on 1 July, it was reported that Ghislaine Maxwell was captured and arrested at a remote New Hampshire estate—after which, on 4 July, this elite team of CIA commando assassins traveled from New Hampshire to the Mountain Home Air Force Base located in Idaho—where the following day, on 5 July at around 2:20 p.m local time, an explosion occurred taking down two planes and killing eight people. [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
http://www.whatdoesitmean.com/gss21.jpg
http://www.whatdoesitmean.com/gss22.jpg
International child sex slaver Ghislaine Maxwell, partner of murdered Jeffrey Epstein (both in top photo), discovered living in Paris-France luxury apartment under protection of MOSSAD on 20 June 2020.
According to the very limited portions of this highly-classified report permitted to be openly discussed among various ministries, in October-2019, a 37-year-old former CIA clandestine service officer, coder, writer, television host, peace activist, and entrepreneur named Amaryllis Fox published her book “Life Undercover: Coming of Age in the CIA”, and in an article to promote it titled “This Is How You Train As a Spy in the CIA’s Most Elite Covert Unit” , saw this young woman married into the powerful Kennedy Family saying: “We run around DC at all hours, high on the fact that the civilians around us are oblivious to what's happening right in front of them”—a person worthy of mentioning, because anyone having such an immature attitude like this would be quickly ousted from every reputable intelligence organization in the world—most particularly one of the world’s most feared intelligence organizations known as the British tabloid press.
Little known to the American people, this report notes, is that in the early 1980s, the British tabloid press establishment began to organize itself into two competing covert intelligence organizations—with one faction being headed Rupert Murdoch and his The Sun tabloid newspaper—and the other headed by Robert Maxwell and his Daily Mirror tabloid newspaper—and after each had filled their ranks with mainly former British spies, engaged in an actual 7-years long war to the death against each other—a war that ended on 5 November 1991, which was when Maxwell supposedly fell overboard from his boat, with his naked and bruised body later being recovered—and since has seen Murdoch becoming the most powerful media baron in the world—and one of whose best friends is the world’s most powerful person President Donald Trump.
http://www.whatdoesitmean.com/gss23.jpg
World’s two most powerful men President Donald Trump and Rupert Murdoch (above photo) have been overthrowing socialist-globalist governments since 2016.
By 2002, this report continues, the spies hired by Murdoch for his tabloid newspaper empire began an organized trade in confidential personal information that was widely used by the entire British newspaper industry—that included using illegal means of gaining information such as hacking the private voicemail accounts on mobile phones, hacking into computers, making false statements to officials, entrapment, blackmail, burglaries, theft of mobile phones and making payments to public officials—best known as the “News International Phone Hacking Scandal”—and whose final chapter of was written in Febuary-2020, which was when The Sun paid $34.8-million for its final legal costs in this scandal—an actual pittance compared to what this scandal could have cost Murdoch—but whom everyone knows is protected by President Trump—and more importantly by Trump’s feared CIA Director Gina Haspel.
In knowing this history, this report explains, one can grasp the full significance as to why The Sun blared out to the world their 19 November 2019 headline: “WANTED: The Sun is offering a £10,000 reward for information on Jeffrey Epstein pal Ghislaine Maxwell”—an unmistakable signal to every intelligence agency in the world that both President Trump and Murdoch knew where Maxwell was, who was hiding her and why—but also signaled they were going to wait to either capture or kill her to see what kind of deal could be made.
On 20 June, this report details, whatever “deal” was agreed to by the parties concerned was completed—which allowed The Sun on that date to publish their article “LAYING LOW Jeffrey Epstein’s ‘Madam’ Ghislaine Maxwell Hiding Out In luxury Paris Flat Minutes From Pedophile’s $8.6m Pad” documenting the overwhelming number of people who had seen Maxwell in Paris—and was also the date that a woman named Tana Darley arrived in Paris from Florida and went to the offices of Sotheby's International Reality—and as one would expect as Tana Darley is a realty agent for Sotheby’s International Reality, and says about herself on her Sotheby’s webpage: “The level of clientele she represents includes professionals such as business executives, CIA agents, private investigators, judges, physicians, nurses, lawyers, dentists, pharmacists, engineers, investors, business owners and financial advisors who have and continue to trust Tana with their homes, investments and confidential information”.
Accompanying Tana Darley to Paris on 20 June, this report reveals, was another Sotheby’s International Reality representative named Margaret Weathers—who on her Sotheby’s webpage says she has “Local Expertise and Global Connections” and is a lifelong resident of New London-New Hampshire—and in New Hampshire, sees Margaret Weathers being a premier agent for the Zillow Real Estate Company, and on her Zillow web page sees her saying that “one of her specialties is staging”—the activity or practice of styling and furnishing a home to make it looked lived in and more saleable—and is critical to notice as it pertains to the estate located at 338 East Washington Road, Bradford-New Hampshire, that Margaret Weathers sold for $1,070,750 barely six-months ago on 13 December 2019 (scroll down at link to “Price/Tax History)—and today is an estate best known as “Tuckedaway”—where Ghislaine Maxwell was supposedly arrested on 1 July.
http://www.whatdoesitmean.com/gss24.jpg
http://www.whatdoesitmean.com/gss25.jpg
Fingerprints of CIA are all over the Ghislaine Maxwell hideaway estate in New Hampshire known as Tuckedaway.
As in all sophisticated intelligence operations meant to be kept secret from the public, this report concludes, this one involving Ghislaine Maxwell will have numerous ever-changing story lines until a final fable can be created and accepted by the masses—and in this case sees either Granite Realty, LLC or Granite Reality, LLC having purchased Tukedaway—with the word “Realty” first being used in news reports, but when a real company with this name was discovered it was then changed to “Reality”—it being comically reported that the purchase of Tuckedaway was made with over $1-million in cash to make it anonymous, an actual impossibility as US federal law makes it a criminal felony to transfer funds over $10,000 without knowing every single party involved to make sure where the money came from and if taxes on it were paid—and today even sees the American people hilariously being able to choose which of the two “official” stories about Maxwell’s arrest they want to believe—with the first “official” story saying: “FBI agents and local police officers rang the bell at the driveway, which was answered by a housekeeper, and Maxwell then hid in the bathroom”—and the second “official” story contradicting the first with its saying: “Bolt-cutters to break the lock on a metal gate leading to the secluded property…Maxwell was up and dressed in the living room wearing sweat pants and a top...strangely she didn’t seem to have much reaction...It was like it wasn’t registering with her”—neither of which can be believed—as the only true fact known at this time about all of this is that “Epstein Didn’t Kill Himself”.
http://www.whatdoesitmean.com/gss26.jpg
http://www.whatdoesitmean.com/gss27.jpg
http://www.whatdoesitmean.com/gss28.jpg
July 6, 2020 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]
[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]
Lincoln-Tsar-Hitler Paradox Of Course Means A Comet Is Coming!
Blood Soaked Fangs Of New York Times Clutching Throat Of America Ready To Kill Again
Return To Main Page
- Post #8,703
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- Jul 6, 2020 4:32pm Jul 6, 2020 4:32pm
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
- Post #8,704
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- Jul 6, 2020 9:39pm Jul 6, 2020 9:39pm
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
- Post #8,705
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- Jul 7, 2020 10:57am Jul 7, 2020 10:57am
- | Joined Mar 2020 | Status: Member | 96 Posts
How much money you make this week?
- Post #8,706
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- Jul 8, 2020 8:42am Jul 8, 2020 8:42am
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
Call me at 514 247 0775 and we can talk. I do not post on a public form about my private business.
Have a nice day.
Bruce
- Post #8,707
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- Edited 12:56pm Jul 10, 2020 12:43pm | Edited 12:56pm
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
Hello Forex Traders
I have been away for a few days. I opened this FXCM UK Demo account with $20,000.00 US Dollars on June 30, 2020 and did 13 completed Forex trades up until July 7, 2020.
The net profits are $10,550.10 US Dollars on those 13 completed trades.
I have one open position of SP500 opened at 3078.14 on June 30, 2020. The present last open price is now 3164.32. I have a draw down of $4328.00 US Dollars.
I will close this position when the SP500 reaches 3058.14
The equity at the moment including this draw down is $5923.10 with the initial $20,00.00 US Dollars in capital making it $25,923.10 US Dollars.
That is an increase of over 25% in 10 days.
If you have any questions then please post them here on my thread. Thank You.
Bruce
- Post #8,708
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- Jul 10, 2020 2:03pm Jul 10, 2020 2:03pm
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
- Post #8,709
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- Jul 10, 2020 3:14pm Jul 10, 2020 3:14pm
- | Joined Mar 2020 | Status: Member | 96 Posts
Disliked{image} Hello Forex Traders I have been away for a few days. I opened this FXCM UK Demo account with $20,000.00 US Dollars on June 30, 2020 and did 13 completed Forex trades up until July 7, 2020. The net profits are $10,550.10 US Dollars on those 13 completed trades. I have one open position of SP500 opened at 3078.14 on June 30, 2020. The present last open price is now 3164.32. I have a draw down of $4328.00 US Dollars. I will close this position when the SP500 reaches 3058.14 The equity at the moment including this draw down is $5923.10 with...Ignored
At your age you should be well off and retired with millions of dollars, not still trading demo accounts!
Just STOP!
Thank you,
Richard Henry Blak
- Post #8,710
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- Jul 11, 2020 7:28am Jul 11, 2020 7:28am
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
Disliked{quote} Please stop posting here. You claim to have over 50 years experience and dont even trade with real money so obviously you are a failure and FOREX isnt for you. At your age you should be well off and retired with millions of dollars, not still trading demo accounts! Just STOP! Thank you, Richard Henry BlakIgnored
- Post #8,711
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- Edited 7:54am Jul 11, 2020 7:32am | Edited 7:54am
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
https://www.zerohedge.com/geopolitic...ops+to+zero%29
Authored by Kevin Smith via Off-Guardian.org,
Group think is all around us. Decision-making in government, in the media and at work. It’s slowly killing the world.
https://zh-prod-1cc738ca-7d3b-4a72-b...1-1920x900.jpg
In the background of the most important events, the Covid-19 response and increasing tension and conflict in the world, it might be worth looking through some of this in a bit more detail.
I’ve experienced group think working for large organisations, most notably in my last job. We were tasked with investigating and solving complex problems. Some technical expertise helped but was not crucial to the role.
Critical thinking and balancing evidence and differing viewpoints was key.
Yet the organisation decided that this was no longer required and changed the whole operating model to a one-size fits all type of call-centre. This new high-risk approach was recommended to us by the outside consultants Price Waterhouse Coopers (PWC) who were clueless about our business.
Those of us who were experienced in the role argued that the model wouldn’t work. But the organisation ploughed on regardless. It was obvious from day one that the financials didn’t stack up which they tried to deny and later concealed.
The executive largely ignored our concerns to start but then paid limited lip-service when the wheels started to come off. Anyway, in the end they offered us redundancy while employing fresh university graduates to replace us. As far as I know the place is still in denial and heading down the pan.
Group think is described as follows:
Group think is a term first used in 1972 by social psychologist Irving L. Janis that refers to a psychological phenomenon in which people strive for consensus within a group. In many cases, people will set aside their own personal beliefs or adopt the opinion of the rest of the group.
People who are opposed to the decisions or overriding opinion of the group as a whole frequently remain quiet, preferring to keep the peace rather than disrupt the uniformity of the crowd’.
Group think is common where group members have similar backgrounds and particularly where that group is placed under stress, resulting in irrational decision outcomes.
These are the main behaviours to watch out for:
Authored by Kevin Smith via Off-Guardian.org,
Group think is all around us. Decision-making in government, in the media and at work. It’s slowly killing the world.
https://zh-prod-1cc738ca-7d3b-4a72-b...1-1920x900.jpg
In the background of the most important events, the Covid-19 response and increasing tension and conflict in the world, it might be worth looking through some of this in a bit more detail.
I’ve experienced group think working for large organisations, most notably in my last job. We were tasked with investigating and solving complex problems. Some technical expertise helped but was not crucial to the role.
Critical thinking and balancing evidence and differing viewpoints was key.
Yet the organisation decided that this was no longer required and changed the whole operating model to a one-size fits all type of call-centre. This new high-risk approach was recommended to us by the outside consultants Price Waterhouse Coopers (PWC) who were clueless about our business.
Those of us who were experienced in the role argued that the model wouldn’t work. But the organisation ploughed on regardless. It was obvious from day one that the financials didn’t stack up which they tried to deny and later concealed.
The executive largely ignored our concerns to start but then paid limited lip-service when the wheels started to come off. Anyway, in the end they offered us redundancy while employing fresh university graduates to replace us. As far as I know the place is still in denial and heading down the pan.
Group think is described as follows:
Group think is a term first used in 1972 by social psychologist Irving L. Janis that refers to a psychological phenomenon in which people strive for consensus within a group. In many cases, people will set aside their own personal beliefs or adopt the opinion of the rest of the group.
People who are opposed to the decisions or overriding opinion of the group as a whole frequently remain quiet, preferring to keep the peace rather than disrupt the uniformity of the crowd’.
Group think is common where group members have similar backgrounds and particularly where that group is placed under stress, resulting in irrational decision outcomes.
These are the main behaviours to watch out for:
- Illusions of invulnerability lead members of the group to be overly optimistic and engage in risk-taking.
- Unquestioned beliefs lead members to ignore possible moral problems and ignore the consequences of individual and group actions.
- Rationalizing prevents members from reconsidering their beliefs and causes them to ignore warning signs.
- Stereotyping leads members of the in-group to ignore or even demonize out-group members who may oppose or challenge the group’s ideas.
- Self-censorship causes people who might have doubts to hide their fears or misgivings.
- “Mind guards” act as self-appointed censors to hide problematic information from the group.
- Illusions of unanimity lead members to believe that everyone is in agreement and feels the same way.
- Direct pressure to conform is often placed on members who pose questions, and those who question the group are often seen as disloyal or traitorous.
There are two further observations I made in the workplace, particularly relevant to groups going through major change or/and a crisis.
Firstly, they tend to swing from the status quo to the complete opposite. In our organisation, we definitely needed some changes and tweaks but we lurched towards a model which was completely unsuitable and unsustainable operationally and financially.
The other thing I noticed was our employers became control freaks. They started to talk down to us and our customers like children. They introduced office slogans such as ‘let’s crack on’ or ‘we’re all in this together’ and deflected from the problems of the disastrous reorganization towards ‘celebrating diversity’ in the workplace.
Critical thinking, creativity and expression were sucked out of the place.
The obvious analogy for all these behaviours is the response to Covid-19 when government ministers were collectively panicked into making extreme decisions on lockdown, using just one preferred source of ‘expertise’.
At the same time, they sidelined dissenters and independent experts who could have offered a calm, rational perspective and a targeted response to Covid-19.
In summing up this thinking and behaviour, I’m reminded of these observations from Dr Malcolm Kendrick and Lord Sumption about the response to Covid-19. Dr Kendrick here:
We locked down the population that had virtually zero risk of getting any serious problems from the disease, and then spread it wildly among the highly vulnerable age group. If you had written a plan for making a complete bollocks of things you would have come up with this one”.
\
And Lord Sumption writing in the Mail on Sunday:
The Prime Minister, who in practice makes most of the decisions, has low political cunning but no governmental skills whatever. He is incapable of studying a complex problem in depth. He thinks as he speaks – in slogans.
These people have no idea what they are doing, because they are unable to think about more than one thing at a time or to look further ahead than the end of their noses.
THE BBC – A CASE-STUDY
A large organisation which has a high opinion of its news service. But of course, the reality is the opposite. There are so many group think case-studies but the BBC is as good as any, particularly in terms of making a bollocks of things.
The executives at the BBC and some senior correspondents will no doubt be aware that they run a politicized agenda of bias and misinformation on a grand scale.
Outsiders who’ve researched their coverage will recognize this too. But this won’t be obvious to the vast majority of BBC employees, the victims of group think.
This came across in some of Andrew Marr’s incredulous reactions to Noam Chomsky’s observations about the media during their interview:
Andrew Marr: How can you know I’m self-censoring?
Noam Chomsky: I’m not saying you’re self-censoring. I’m sure you believe everything you say. But what I’m saying is if you believed something different you wouldn’t be sitting where you’re sitting.
I believe the foreign affairs reporting of the BBC is where this problem stands out most. Real expertise and impartiality has been completely absent from any reporting I’ve seen in recent years.
First, while not unusual in this profession, most journalists employed by the BBC will have a degree. Typically, when you look at today’s ‘top’ BBC journalists, many have attended the elite universities which tends to create a culture of like-minded people of similar backgrounds. This has been identified as one cause of creating group think.
Also, the younger journalists will be impressionable within the BBC hierarchy to the views and ways of the senior house-hold name journalists.
It’s sometimes said that there aren’t specific rules within the BBC and other media stating what a journalist can and can’t report and write and they generally don’t knowingly mislead. But they will learn almost instinctively to self-censor and operate within a set of unwritten, unspoken rules and a strait-jacket narrative.
The other problem in foreign affairs reporting is that BBC journalists and most others rarely visit the war zones. On Syria, they typically report from Lebanon or Turkey only occasionally venturing into a government or relatively safe terrorist or Kurd held area. So unlike previous conflicts, such as Bosnia where I remember at least a tiny degree of balance, journalists seldom see what is actually going on.
Under the pressure of deadlines they rely on dubious sources such as Al Qaeda terrorists and Bellingcat and pre-determined assumptions which conveniently slot in with the anti-Assad narrative of the BBC and establishment.
Recently, some grave doubts emerged about the OPCW report on the Douma incident, a huge story which has wider implications.
The investigations of Robert Stuart into a likely previously staged incident involving BBC journalists was swept under the carpet. Both matters have been ignored because the BBC have no way or will to refute evidence which goes against their bias.
On the other hand, the BBC are more than happy to provide extensive coverage to more allegations against Russia and Trump from anonymous sources, providing no background or balance within the overall of climate of related allegations which have collapsed or are unproven.
And in recent days the BBC has provided coverage on Hong Kong which looks like it’s come from a script.
It’s well known BBC journalists are silent on malpractice. We saw this with the Jimmy Savile scandal and decades of sexual abuse. This attitude is similar to what I experienced with my employer who were very vocal and proud of their anti-bullying and mental health policies. Yet when the staff were surveyed anonymously, bullying rates were through the roof.
The other obvious signs of group think within the BBC, particularly during the Covid-19 crisis, is dumbing-down and its slogan-filled website written as though their readers are idiots.
Another strong theme is a preoccupation with race and diversity, American affairs and general tittle-tattle, to the detriment of more pressing matters such as the longer-term and wider impact of the world’s current problems.
Covid-19 and our response to it is probably the most important event of our lifetime but there’s barely a peep about whether the response is necessary and proportionate. Instead, this totally rational viewpoint is only ever mentioned in the context of BBC articles about Covid-19 ‘conspiracy theories’.
Many of the examples I’ve described neatly fit in with group think behaviours and experiences I encountered in a large organisation.
But I think the biggest group think problem is with senior BBC journalists. Ultimately their lazy arrogance has trickled down to the newer journalists and so over time, wrong behaviour has been normalized throughout.
THE BBC ‘GRANDEES’
A few months ago Huw Edwards made some comments about accusations of bias directed towards the BBC, defending the corporation and journalists. These are some of the specific comments he made which to me showed a complete lack of understanding of the concerns people have.
The BBC is not, to put it politely, run like some newspapers, with an all-powerful proprietor and/or editor making his or her mark on the tone and direction of the coverage […] BBC News is a rather unsettling mix of awkward, contrary and assertive people who (in my very long experience) delight in either ignoring the suggestions of managers or simply telling them where to get off. That’s how it works.”
Around this time, I also recall Edwards arguing on Twitter on the subject and he said that it was ridiculous to say that journalists within the BBC were wilfully misleading the public. His Twitter opponent replied that this was not what he had said and was simply stating that the BBC had fallen victim to group think. Edwards just couldn’t get his head past this, while continuing to attack and misrepresent BBC critics.
This defensive attitude and stereotyping of critics is classic group think behaviour in which he, Nick Robinson and others have taken part.
I used to admire John Simpson and in the 1980s he visited Iran post-revolution. He wrote a book of the visit which I enjoyed. But in recent years, he has shown that he doesn’t understand modern geo-politics and like the BBC can only assess it in terms of the ethno-centric British view on the world and our influence.
In this President Putin press conference he asked the most ridiculous question imaginable which confirms he’s lost the plot. His question was about Russian behaviour in the world and whether Putin wanted to create a new Cold War.
Putin wiped the floor with him pointing out the hundreds of NATO bases and numerous wars which put Simpson’s aspersions into their rightful place.
Jeremy Bowen is another who has lost his way. I saw a recent report from him from the position of a Christian militia unit fighting terrorists in Syria.
Again, BBC arrogance was on full display. His report made generalized comparisons between him meeting Serbs in Bosnia in the 1990s and these Syrian fighters, clearly indicating that he doesn’t listen and is not interested in Syrian views on western complicity and the White Helmets.
In the usual group-speak he described the Syrian Government ‘the regime’ and Al Qaeda as ‘rebels’. His report simply rubber-stamped the BBC coverage of the whole conflict.
This arrogance is typical of journalists who rely on their past achievements, creating an air of gravitas to impress their audience. The reality is his reporting is based on no substance and outdated and lazy assumptions.
THE MADNESS OF JOHN SWEENEY
John Sweeney’s arrogance is off the scale. These days he spends his time on Twitter attacking lockdown sceptics, like Peter Hitchens accusing him of ‘killing’ his Mail on Sunday column readers with his views on Covid-19 lockdown.
Sweeney is off his trolley but the reality is he probably always was as this clip during his BBC days shows.
This behaviour, extreme as it is, certainly suggests group think played a big part somewhere in his career.
AN ILLUSION OF SANITY
BBC Dateline is a current affairs TV panel discussion which I occasionally watched. The panel which changed regularly were seemingly well qualified with foreign writers and journalists which included Russia or Arab affairs experts.
Sitting around that table they gave the impression of people who knew what they were talking about.
However, when you listened carefully to what they were saying, there was very little substance. Their arguments, all based on a simple premise that Russia/Syria are bad, the West is good, tempered with a little occasional criticism of western policy to give the illusion of balance.
Occasionally you would have a more pro-Russia expert on but with the prevailing consensus of the rest of the panel, his or her views would be ridiculed. It got to the point any dissenting panel member started to self-censor to sound more credible, perhaps to remain on the panel. This is the dilemma for any progressively minded BBC guest nowadays.
Peter Hitchens who complains the BBC never invite him on, appeared on Good Morning Britain (GMB) recently. As is normal with many GMB debates, the discussion on Covid-19 descended to retorts and abuse and was simply not the forum for Hitchens to get across his well thought out points on the big picture.
But I don’t think he would have fared any better on the BBC. The BBC create an illusion of civilized, intelligent discussion but the reality is there is no substance, depth or balance. The crucial discussion points about Covid-19 or conflict in the world don’t get a hearing. The premise and the rules are already set in stone before the guests arrive.
FINAL THOUGHTS
There are many reasons why the world is in its current madness and on the brink of serious conflict.
Group think in government, the media and the general public is probably a key factor as this represents the thinking culture alongside and below the psychopaths and war criminals who pull the strings.
It’s almost impossible to break this cycle by chipping away at it. But it’s possible a large event connected to Covid-19 or a major war will be the catalyst which might shock us out of our distorted view of reality.
In the meantime, independent commentators and ex-MSM like Peter Hitchens, Anna Brees and Tareq Haddad, are putting their careers on the line and self-interests aside. We can only encourage others employed by the BBC and other media to be brave and do the same.
Certainly, the consequences will be far more disastrous doing nothing and not speaking up.
In the sudden, new founded willingness to demonstrate on the streets perhaps those participating might be better reflecting on who and what the real enemy is.
Party politics, Brexit and Black Lives Matter really don’t matter.
Group think, escalating world conflict, All Lives Matter, including Syrians, Libyans, Palestinians and Blacks,(including those outside of US,UK and Europe) together with the post-Covid-19 march to an uncertain ‘new normal’, are the issues which matter right now.
- Post #8,712
- Quote
- Jul 11, 2020 7:56am Jul 11, 2020 7:56am
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
https://www.armstrongeconomics.com/w...m_campaign=RSS
Posted Jul 11, 2020 by Martin Armstrong
https://d33wjekvz3zs1a.cloudfront.ne...-Unrest-19.jpg
Politicians are about to be confronted with the harsh reality of their insane lock downs in Europe. Germany now realizes there is building massive civil unrest and there is no doubt that this New Green World Order is out to end the car industry which is a major industry the will leave the workers without a future. The government is preparing for major civil unrest and our computer has been warning Europe is being pushed into civil war as tourism has been crushed.
https://d33wjekvz3zs1a.cloudfront.ne...Revolution.jpg
Meanwhile, yesterday night demonstrators in Belgrade attacked the Serbian Parliament throwing stones and bottles at the windows of the parliament building. We are looking at serious civil unrest which can lead to revolution insofar as breaking up the EU as they push for this New Green World Order which will destroy the future of so many in Europe. Only elitists view that such a transition is no problem. They underestimate the economic damage and this is the END of perpetually borrowing with no intention of ever repaying any debt.
Categories: Civil Unrest
« Police Infiltrating Protests
Posted Jul 11, 2020 by Martin Armstrong
https://d33wjekvz3zs1a.cloudfront.ne...-Unrest-19.jpg
Politicians are about to be confronted with the harsh reality of their insane lock downs in Europe. Germany now realizes there is building massive civil unrest and there is no doubt that this New Green World Order is out to end the car industry which is a major industry the will leave the workers without a future. The government is preparing for major civil unrest and our computer has been warning Europe is being pushed into civil war as tourism has been crushed.
https://d33wjekvz3zs1a.cloudfront.ne...Revolution.jpg
Meanwhile, yesterday night demonstrators in Belgrade attacked the Serbian Parliament throwing stones and bottles at the windows of the parliament building. We are looking at serious civil unrest which can lead to revolution insofar as breaking up the EU as they push for this New Green World Order which will destroy the future of so many in Europe. Only elitists view that such a transition is no problem. They underestimate the economic damage and this is the END of perpetually borrowing with no intention of ever repaying any debt.
Categories: Civil Unrest
« Police Infiltrating Protests
- Post #8,713
- Quote
- Edited 8:20am Jul 11, 2020 8:03am | Edited 8:20am
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
https://www.peakprosperity.com/a-ser...ce81-144567129
Like a windstorm toppling a hollowed-out tree, SARS-CoV-2 didn’t cause the current recession so much as it exposed how rotten things already were.
Even before SARS-CoV-2, households were struggling. Far too many were limping along without any savings at all, one crisis away from financial ruin.
Debts at every level were at record highs before SARS-CoV-2 came along, and the Federal Reserve was already busy bailing out the US financial system before the virus hit.
The shale oil industry had failed to generate any profits for over a decade before anyone ever heard of Covid19.
The worldwide wealth gap was already record levels before we were forced into lock down.
What the coronavirus pandemic has done, though, is give the ruling authorities air cover to accelerate all of these trends to warp speed.
Billionaires have been, by far, the largest winners in this story so far. Ditto for mega corporations. Main Street and small and medium-sized businesses have been utterly crushed.
Where the Great Financial Crisis in 2008 could have been — and should have been — a wake-up call to operate the system more equitably and sustainably, it was used instead as an excuse to make things even worse.
No bank executives were charged or even went to jail for any crimes they played in bringing the financial system to the brink of disaster. Accounting deceit, wire fraud, and forgery — anybody remember ‘robosigning’? That was forgery, a felony, and not one charge was ever levelled. Instead, the Too Big To Fail banks were bailed out and got bigger at the expense of smaller, more responsible firms.
My point here is that SARS-CoV-2 has laid bare our true value systems. Some countries have done an admirable job of showing they care about their citizens, making public safety and health their top priority. Other countries, such as mine (the US), have demonstrated the opposite.
When it comes to making judgment, I look at actions much more than words. What have been the actions of the US authorities so far?
I object strenuously to any taxpayer money, my money, being set to any religious organizations of any and every stripe (I’m a big believer in the separation of church and state). But to help cover shortfalls due to payouts to victims of institutionalized pedophilia?
Really, that’s just ten steps too far.
But that’s the business the Fed is in: protecting the abusers in the system, not the masses it’s supposed to.
Thousands of hedge funds and other extremely wealthy financial firms are similarly feeding from the same trough of substantial taxpayer payouts.
But where real support is needed? The free money river suddenly becomes a trickle.
Testing for SARS-CoV-2 has been throttled back due to lack of funding. Hospitals remain chronically short of critical PPE. 30% of all US households were unable to make last month’s mortgage payment.
As I said, these dots simply reveal the values and priorities of those running the show. If I were to use a single word to sum things up, it would be: greed.
Anything and everything that funnels money from the many into the pockets of the few is being done and done swiftly. Anything monies directed to the well-being of the masses is being done slowly, grudgingly, and sparingly (if at all).
The Elites Have Won
The elites have all the power and they have no interest in sharing any of it. They are too blinded by greed and driven by fear to do otherwise.
In this way, they pretty much have won.
They’ll print up however much money they desire and hand it out to themselves — after, of course, laundering it through the ““markets”” to create the appearance that fairness was actually involved.
But we all know it’s not. The data is crystal clear: Wall Street’s mighty siphons assure that nearly all of the Fed’s freshly printed money goes straight into the pockets of the most well-connected players.
As I’ve taken pains to point out, given all the public’s focus on Black Lives Matter, somehow the Federal Reserve has escaped being called out for being a nearly pure-white organization whose efforts overwhelmingly funnel additional funds to white households. Whether by design or accident, the Federal Reserve’s actions do more to cement racial inequality than any other entity, group, or organization in existence. By far.
Looked at another way, Trump is soothed by the stock market hitting new all-time highs and I believe this has blunted the seriousness with which he takes SARS-CoV-2. In jamming the stock markets higher, I see the Federal Reserve as also partly responsible for the lame US response to Covid, which has already cost far too many people their lives and many more people their health.
Of course, intervening in the financial markers to push them higher during an election year is a profoundly political act. Something the Fed has absolutely no business doing.
Put all that together and the Federal Reserve is a partisan, political organization that is costing people their lives and health while promoting racial inequality.
Yet it’s given a nearly free pass on all of that from the mainstream press, our supposed watchdog for truth. Hardly is Fed Chair Jerome Powell ever asked a single daunting question along these lines.
Our health organizations like the CDC and the WHO are similarly compromised and complicit, too shot through with political intrigue and pharma money to be of any help.
All of which is both shameful and self-injurious, because if we’d like to avoid a very dark future filled with societal unravelling, then the Fed’s dangerous actions need to be brought to heel. And soon.
However, after all that has transpired, I don’t see much hope of the Fed changing its ways. It has proven it can’t be goaded or shamed into introspection or altering course.
Conclusion
All of which is my way of saying that I am bracing for impact.
I simply don’t know what else to do. We are on our own.
It’s time to consider how you will provide your family with the basics, the very bottom layers of Maslow’s Hierarchy of Needs — water, food, shelter, resources, health & safety — if the systems we depend on today start weakening:
https://media.peakprosperity.com/ima...9_10-42-49.jpg
When people are busy moving down the Hierarchy of Needs, that means society is crumbling.
And folks are already indeed moving. Literally. Real estate for sale in Manhattan is piling up without takers, while more rural properties are being snapped up.
Gardens are being planted and guns are being bought.
SARS-CoV-2 has taught many lessons and revealed much. To me, it’s revealed that the elites as led by the Federal Reserve won’t deviate from accelerating inequity until being forced to stop. Whether that will occur via social revolution, the destruction of the purchasing power of the US dollar, or something else, I don’t know.
But I do know that whatever it is, it won’t be the cause of all the misery that will follow. The true culprits are the current and former managers (not leaders) with the Fed and within the DC beltway who failed to protect the vulnerable, set reasonable policies, and conduct themselves with integrity.
So my advice is to brace for impact. There’s nothing any of us can do to affect national monetary policy or stop the major unravelling trends already set in motion, but we can do our best to step outside harm’s way and tend the welfare of ourselves and those we care about as the system falters.
In Part 2: Brace For Impact! I share the key indicators that have me most concerned about the nearness of the next systemic shock, as well as the key steps I recommend you take now using whatever time remains available to you.
We are facing unprecedented challenges that are accelerating at a faster rate than at any other time in human history. Every day we have left to prepare prudently is a gift. Use the time wisely.
Click here to read Part 2 of this report (free executive summary, enrollment required for full access).
PART TWO IN PART:
Like a windstorm toppling a hollowed-out tree, SARS-CoV-2 didn’t cause the current recession so much as it exposed how rotten things already were.
Even before SARS-CoV-2, households were struggling. Far too many were limping along without any savings at all, one crisis away from financial ruin.
Debts at every level were at record highs before SARS-CoV-2 came along, and the Federal Reserve was already busy bailing out the US financial system before the virus hit.
The shale oil industry had failed to generate any profits for over a decade before anyone ever heard of Covid19.
The worldwide wealth gap was already record levels before we were forced into lock down.
What the coronavirus pandemic has done, though, is give the ruling authorities air cover to accelerate all of these trends to warp speed.
Billionaires have been, by far, the largest winners in this story so far. Ditto for mega corporations. Main Street and small and medium-sized businesses have been utterly crushed.
Where the Great Financial Crisis in 2008 could have been — and should have been — a wake-up call to operate the system more equitably and sustainably, it was used instead as an excuse to make things even worse.
No bank executives were charged or even went to jail for any crimes they played in bringing the financial system to the brink of disaster. Accounting deceit, wire fraud, and forgery — anybody remember ‘robosigning’? That was forgery, a felony, and not one charge was ever levelled. Instead, the Too Big To Fail banks were bailed out and got bigger at the expense of smaller, more responsible firms.
My point here is that SARS-CoV-2 has laid bare our true value systems. Some countries have done an admirable job of showing they care about their citizens, making public safety and health their top priority. Other countries, such as mine (the US), have demonstrated the opposite.
When it comes to making judgment, I look at actions much more than words. What have been the actions of the US authorities so far?
- The Federal Reserve swooped in to assure that the wealthy got even wealthier.
- The CDC couldn’t get effective test kits prepared or deployed until months after many other countries did.
- $Billions and $billions were smoothly and rapidly to the largest institutions, corporations and wealthiest households.
- But only a single $1200 stimulus check has been sent to the poorest of American families. Every household sandwiched between the rich and the poor has received nothing.
In other words, the Fed has made its #1 priority the preservation of the financial advantages of the already-rich.
And the level of unfairness and wrongness of this hits heights that even stun a long-time skeptic like myself:
https://media.peakprosperity.com/ima...Church-PPP.jpg
(Source)
I object strenuously to any taxpayer money, my money, being set to any religious organizations of any and every stripe (I’m a big believer in the separation of church and state). But to help cover shortfalls due to payouts to victims of institutionalized pedophilia?
Really, that’s just ten steps too far.
But that’s the business the Fed is in: protecting the abusers in the system, not the masses it’s supposed to.
Thousands of hedge funds and other extremely wealthy financial firms are similarly feeding from the same trough of substantial taxpayer payouts.
But where real support is needed? The free money river suddenly becomes a trickle.
Testing for SARS-CoV-2 has been throttled back due to lack of funding. Hospitals remain chronically short of critical PPE. 30% of all US households were unable to make last month’s mortgage payment.
As I said, these dots simply reveal the values and priorities of those running the show. If I were to use a single word to sum things up, it would be: greed.
Anything and everything that funnels money from the many into the pockets of the few is being done and done swiftly. Anything monies directed to the well-being of the masses is being done slowly, grudgingly, and sparingly (if at all).
The Elites Have Won
The elites have all the power and they have no interest in sharing any of it. They are too blinded by greed and driven by fear to do otherwise.
In this way, they pretty much have won.
They’ll print up however much money they desire and hand it out to themselves — after, of course, laundering it through the ““markets”” to create the appearance that fairness was actually involved.
But we all know it’s not. The data is crystal clear: Wall Street’s mighty siphons assure that nearly all of the Fed’s freshly printed money goes straight into the pockets of the most well-connected players.
As I’ve taken pains to point out, given all the public’s focus on Black Lives Matter, somehow the Federal Reserve has escaped being called out for being a nearly pure-white organization whose efforts overwhelmingly funnel additional funds to white households. Whether by design or accident, the Federal Reserve’s actions do more to cement racial inequality than any other entity, group, or organization in existence. By far.
Looked at another way, Trump is soothed by the stock market hitting new all-time highs and I believe this has blunted the seriousness with which he takes SARS-CoV-2. In jamming the stock markets higher, I see the Federal Reserve as also partly responsible for the lame US response to Covid, which has already cost far too many people their lives and many more people their health.
Of course, intervening in the financial markers to push them higher during an election year is a profoundly political act. Something the Fed has absolutely no business doing.
Put all that together and the Federal Reserve is a partisan, political organization that is costing people their lives and health while promoting racial inequality.
Yet it’s given a nearly free pass on all of that from the mainstream press, our supposed watchdog for truth. Hardly is Fed Chair Jerome Powell ever asked a single daunting question along these lines.
Our health organizations like the CDC and the WHO are similarly compromised and complicit, too shot through with political intrigue and pharma money to be of any help.
All of which is both shameful and self-injurious, because if we’d like to avoid a very dark future filled with societal unravelling, then the Fed’s dangerous actions need to be brought to heel. And soon.
However, after all that has transpired, I don’t see much hope of the Fed changing its ways. It has proven it can’t be goaded or shamed into introspection or altering course.
Conclusion
All of which is my way of saying that I am bracing for impact.
I simply don’t know what else to do. We are on our own.
It’s time to consider how you will provide your family with the basics, the very bottom layers of Maslow’s Hierarchy of Needs — water, food, shelter, resources, health & safety — if the systems we depend on today start weakening:
https://media.peakprosperity.com/ima...9_10-42-49.jpg
When people are busy moving down the Hierarchy of Needs, that means society is crumbling.
And folks are already indeed moving. Literally. Real estate for sale in Manhattan is piling up without takers, while more rural properties are being snapped up.
Gardens are being planted and guns are being bought.
SARS-CoV-2 has taught many lessons and revealed much. To me, it’s revealed that the elites as led by the Federal Reserve won’t deviate from accelerating inequity until being forced to stop. Whether that will occur via social revolution, the destruction of the purchasing power of the US dollar, or something else, I don’t know.
But I do know that whatever it is, it won’t be the cause of all the misery that will follow. The true culprits are the current and former managers (not leaders) with the Fed and within the DC beltway who failed to protect the vulnerable, set reasonable policies, and conduct themselves with integrity.
So my advice is to brace for impact. There’s nothing any of us can do to affect national monetary policy or stop the major unravelling trends already set in motion, but we can do our best to step outside harm’s way and tend the welfare of ourselves and those we care about as the system falters.
In Part 2: Brace For Impact! I share the key indicators that have me most concerned about the nearness of the next systemic shock, as well as the key steps I recommend you take now using whatever time remains available to you.
We are facing unprecedented challenges that are accelerating at a faster rate than at any other time in human history. Every day we have left to prepare prudently is a gift. Use the time wisely.
Click here to read Part 2 of this report (free executive summary, enrollment required for full access).
PART TWO IN PART:
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Brace For Impact! -
Key preparations to make with the remaining time available to you -
by Chris Martenson -
Friday, July 10, 2020, 7:50 PM
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Executive Summary
- Hard logic for hard assets
- The role of “control” and why it will be field the collapse of the system will be fought on
- Recent learning from my own journey worth knowing
- Why I am certain things will get darker before they improve
If you have not yet read Part 1: A Serious Message From Chris Martenson, available free to all readers, please click here to read it first.
I never thought that we’d be here. It could have all unfolded so differently if society had made better choices. It didn’t have to be this way.
But here we are.
My personal planning now revolves around these trends continuing:
- Money printing will continue and accelerate if they think it necessary
- SARS-CoV-2 will be poorly managed at the state level and even worse at the federal level
I’ve seen these trends coming. And I am not at all surprised by them.
But deep down I am very concerned that our national “managers” (not leaders) are very close to doubling down so forcefully on their current failed policies that the entire system breaks — badly. For those similarly concerned, I share the key preparations I think are most important for you to take right now.
Why is this restricted to Peak Prosperity’s premium subscribers? Two main reasons:
One — we reserve our best analysis and most directive guidance for the paying members whose financial support makes operating this site possible. Also, given that some of this material is our “best guess” thinking or can be overly revealing of the details of my personal actions, I’m only willing to share that with this private audience. I wouldn’t feel comfortable having that level of speculative/private information out in the public realm.
And Two — one of the many benefits of premium membership is closer access to the experts on this site.
If you’re not yet a premium member but would like to become one and access this full report, as well as *all* of our premium content, click the button below to subscribe:
ENROLL NOW TO ACCESS PART 2 IN FULL
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- Jul 11, 2020 8:43am Jul 11, 2020 8:43am
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
Inserted Video
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- Jul 11, 2020 9:25am Jul 11, 2020 9:25am
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Here’s What’s Driving Gold Higher—and What’s Next for the Gold Bull Market
Guest Post by Marin Katusa via International Man
https://internationalman.com/wp-cont...ingoldmove.png
For the first time since 2011, gold traded hands above $1,800 per ounce.
https://internationalman.com/wp-cont...ngoldprice.png
Naturally, this has every goldbug and self-proclaimed expert on YouTube shouting from the rooftops.
Before we jump into what is going on in the gold markets, let’s first take a look at past bull markets.
Below is a chart that shows the previous major bull markets in gold. You will see that all but one of the major gold bull markets resulted in gold appreciating at least 400%. Using January 2016 as the low point for the current gold bull market, gold is up 69% from its lows.
https://internationalman.com/wp-cont...ullmarkets.png
History may not repeat itself, but it’s critical to understand what is driving the price of gold right now.
What is Driving the Gold Market Higher?
Right now, there are several major economic factors driving gold higher.
1. Large Government Stimulus Packages Around the World
This leads to currency devaluation. The global fiscal-policy response to the coronavirus is $9 trillion to date and likely to climb further. This is supportive of assets like gold, which are a store of value.
Below is a chart that shows the fiscal-policy response of major economies around the world. The fiscal-policy response is illustrated as a percentage of the country’s GDP.
https://internationalman.com/wp-cont...inCOVIDGDP.png
2. NIRP – Negative Interest Rate Policy
Around the world, central banks are cutting interest rates. Starved investors are clamoring for any bond trading with a reasonable yield. This drives bond prices higher and bond yields lower.
Low interest rates discourage investors from investing in government bonds and forces them to look elsewhere for safe-haven investments—such as gold.
Below is a chart that shows government bond yields around the world.
https://internationalman.com/wp-cont...inKmonitor.png
You’ll notice that Europe is nearly all red.
The combination of investors starving for yields and central banks’ NIRPs has driven most government-bond yields into negative territory.
The rest of the developed world is not far behind.
These low rates have driven the total amount of negative-yielding debts to levels we’ve never seen before.
In the past 5 years, global negative yield debt has soared from zero to over $12 trillion.
https://internationalman.com/wp-cont...MarinNegin.png
3. The Deflation and Stagflation Trade
I have written extensively about the weak productivity and GDP, high unemployment, and high costs of primary goods (food, water, shelter).
This type of economic environment incentivizes investors around the world to buy safe-haven assets, which are stores of value.
The International Monetary Fund (IMF) is projecting a deep recession and slow recovery.
In its most recent remarks on June 30th, the IMF revised its forecast for global GDP to -4.9%.
What is more worrisome is that the IMF forecast for developed nations is comprised of nations like the United States, Germany, and China. The IMF forecasts they will contract by 8%. Also, the IMF projects that total business losses will be over $12 trillion.
Below are the 2020 projections for the gross domestic product of major economies.
https://internationalman.com/wp-cont...7/MAringdp.png
4. ETF Inflows Continue to Hit New Highs
Gold-backed ETFs have seen record inflows for weeks on end, as investors clamor for exposure to the metal.
As ETFs create new units, each of which is backed by gold, this requires the ETF to purchase more gold.
Let’s not forget that Mexico is a very important trading partner for the U.S. There are many troubling signs in the market.
https://internationalman.com/wp-cont.../Marinetfs.png
What’s Next for Gold?
I don’t see the Federal Reserve bank, or any other major central bank around the world, slowing the money printing presses.
Nor do I see any central banks of developed nations having the ability to raise interest rates. This type of currency devaluation provides a solid, long-term thesis for gold.
I do think gold needs more time to consolidate in this upper range before making a sustainable move higher.
https://internationalman.com/wp-cont...rin-silver.png
Could Silver Play Catch Up?
Using January 2016 as the start of this bull market, it is clear that silver has drastically underperformed gold. The chart below shows silver is only up 30% from January 2016, compared to gold, which is up 67%.
https://internationalman.com/wp-cont...goldsilver.png
This has led to a record diversion between the valuation of gold and silver. And this is demonstrated by the gold-to-silver ratio.
Much to the chagrin of silver bugs, the ratio has continuously made new highs, meaning that gold is taking off—leaving silver behind.
https://internationalman.com/wp-cont...Marinratio.png
In fact, I don’t think the gold-to-silver ratio is particularly helpful as an investment tool.
The gold-to-silver ratio reminds me of the oil-to-natural gas ratio of the mid-2000s…
For decades, the oil to natural gas ratio was fixed at 6 to 1 because the pricing was fixed on an energy equivalent basis.
The shale revolution changed that when in 2007, the shale produced so much gas that the ratio became irrelevant.
Silver is an industrial metal with some precious metal attributes.
Don’t forget there is very little primary silver production.
That means a lot more silver is produced as a by-product of existing mines.
Also, a slower global economy does not bode well for industrial metals. Silver will do okay, but gold is where the action is and will continue to be.
How is Marin Katusa Investing in Gold?
I have spent two decades in the resource space as a professional fund manager and investor.
I make 99% of my income from investments within the resource space.
I’ll let you in on a simple formula for achieving big success in resource markets…
Here are two of my most important criteria:
Here’s What’s Driving Gold Higher—and What’s Next for the Gold Bull Market
Guest Post by Marin Katusa via International Man
https://internationalman.com/wp-cont...ingoldmove.png
For the first time since 2011, gold traded hands above $1,800 per ounce.
https://internationalman.com/wp-cont...ngoldprice.png
Naturally, this has every goldbug and self-proclaimed expert on YouTube shouting from the rooftops.
Before we jump into what is going on in the gold markets, let’s first take a look at past bull markets.
Below is a chart that shows the previous major bull markets in gold. You will see that all but one of the major gold bull markets resulted in gold appreciating at least 400%. Using January 2016 as the low point for the current gold bull market, gold is up 69% from its lows.
https://internationalman.com/wp-cont...ullmarkets.png
History may not repeat itself, but it’s critical to understand what is driving the price of gold right now.
What is Driving the Gold Market Higher?
Right now, there are several major economic factors driving gold higher.
1. Large Government Stimulus Packages Around the World
This leads to currency devaluation. The global fiscal-policy response to the coronavirus is $9 trillion to date and likely to climb further. This is supportive of assets like gold, which are a store of value.
Below is a chart that shows the fiscal-policy response of major economies around the world. The fiscal-policy response is illustrated as a percentage of the country’s GDP.
https://internationalman.com/wp-cont...inCOVIDGDP.png
2. NIRP – Negative Interest Rate Policy
Around the world, central banks are cutting interest rates. Starved investors are clamoring for any bond trading with a reasonable yield. This drives bond prices higher and bond yields lower.
Low interest rates discourage investors from investing in government bonds and forces them to look elsewhere for safe-haven investments—such as gold.
Below is a chart that shows government bond yields around the world.
https://internationalman.com/wp-cont...inKmonitor.png
You’ll notice that Europe is nearly all red.
The combination of investors starving for yields and central banks’ NIRPs has driven most government-bond yields into negative territory.
The rest of the developed world is not far behind.
These low rates have driven the total amount of negative-yielding debts to levels we’ve never seen before.
In the past 5 years, global negative yield debt has soared from zero to over $12 trillion.
https://internationalman.com/wp-cont...MarinNegin.png
3. The Deflation and Stagflation Trade
I have written extensively about the weak productivity and GDP, high unemployment, and high costs of primary goods (food, water, shelter).
This type of economic environment incentivizes investors around the world to buy safe-haven assets, which are stores of value.
The International Monetary Fund (IMF) is projecting a deep recession and slow recovery.
In its most recent remarks on June 30th, the IMF revised its forecast for global GDP to -4.9%.
What is more worrisome is that the IMF forecast for developed nations is comprised of nations like the United States, Germany, and China. The IMF forecasts they will contract by 8%. Also, the IMF projects that total business losses will be over $12 trillion.
Below are the 2020 projections for the gross domestic product of major economies.
https://internationalman.com/wp-cont...7/MAringdp.png
4. ETF Inflows Continue to Hit New Highs
Gold-backed ETFs have seen record inflows for weeks on end, as investors clamor for exposure to the metal.
As ETFs create new units, each of which is backed by gold, this requires the ETF to purchase more gold.
Let’s not forget that Mexico is a very important trading partner for the U.S. There are many troubling signs in the market.
https://internationalman.com/wp-cont.../Marinetfs.png
What’s Next for Gold?
I don’t see the Federal Reserve bank, or any other major central bank around the world, slowing the money printing presses.
Nor do I see any central banks of developed nations having the ability to raise interest rates. This type of currency devaluation provides a solid, long-term thesis for gold.
I do think gold needs more time to consolidate in this upper range before making a sustainable move higher.
https://internationalman.com/wp-cont...rin-silver.png
Could Silver Play Catch Up?
Using January 2016 as the start of this bull market, it is clear that silver has drastically underperformed gold. The chart below shows silver is only up 30% from January 2016, compared to gold, which is up 67%.
https://internationalman.com/wp-cont...goldsilver.png
This has led to a record diversion between the valuation of gold and silver. And this is demonstrated by the gold-to-silver ratio.
Much to the chagrin of silver bugs, the ratio has continuously made new highs, meaning that gold is taking off—leaving silver behind.
https://internationalman.com/wp-cont...Marinratio.png
In fact, I don’t think the gold-to-silver ratio is particularly helpful as an investment tool.
The gold-to-silver ratio reminds me of the oil-to-natural gas ratio of the mid-2000s…
For decades, the oil to natural gas ratio was fixed at 6 to 1 because the pricing was fixed on an energy equivalent basis.
The shale revolution changed that when in 2007, the shale produced so much gas that the ratio became irrelevant.
Silver is an industrial metal with some precious metal attributes.
Don’t forget there is very little primary silver production.
That means a lot more silver is produced as a by-product of existing mines.
Also, a slower global economy does not bode well for industrial metals. Silver will do okay, but gold is where the action is and will continue to be.
How is Marin Katusa Investing in Gold?
I have spent two decades in the resource space as a professional fund manager and investor.
I make 99% of my income from investments within the resource space.
I’ll let you in on a simple formula for achieving big success in resource markets…
Here are two of my most important criteria:
- Management team quality and track record of success
- Assets located in +SWAP Line Nations.
A bad management team can screw up a good deposit.
On the other hand, a good management team possesses both intellectual and physical capital. This allows it to create situations with exceptional upside and less risk.
My old rule was to avoid the AK-47 nations. Those are nations where AK-47s are required to feel safe, both for traveling and as a local.
Having traveled to over 100 countries, I’ve strapped on the bulletproof vests and hired ex-military for security. I avoid that now.
It might make for a good story, but in reality, it’s not worth it.
I’ve taken my thesis a step further during the COVID-19 pandemic, with my +SWAP and -SWAP Line Nations argument.
This suggests that nations with access to US-dollar SWAP lines will receive preferential treatment and trade agreements versus those without access to US-dollar SWAP lines.
I think this is a trend that will build over the next 3–5 years before coming to fruition.
Positioning yourself in the resource game requires more than throwing a dart at the board.
Buying an ETF like the Junior Gold Miner ETF will give you some exposure, but not a lot. The sniper approach is simply the best.
It involves thousands of hours of due diligence, making site visits and talking to the best experts in the mining field.
Editor’s Note: Do you want to know which gold stocks are best positioned to go up?
Then you need to see this urgent video from legendary gold investors Doug Casey and Marin Katusa.
Doug Casey’s “Secret Weapon” to Resource Riches
It explains what you should do and how you could join Doug and Marin for enormous profits in the gold market.
Click here to watch it now.
- Post #8,716
- Quote
- Edited 10:13am Jul 11, 2020 9:59am | Edited 10:13am
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
http://www.whatdoesitmean.com/index3270.htm
July 11, 2020
Trump Moves Closer To War With China After Claim Of Children Being Sold In Wayfair Ads Explodes
By: Sorcha Faal, and as reported to her Western Subscribers
As further proof that our world has gone stark raving mad, a mind-exploding new Security Council (SC) report circulating in the Kremlin today noting the Chinese Communist Party having announced this past week that China and the United States “are heading towards a complete economic decoupling”, says President Donald Trump has just confirmed this reality with his statement a few hours ago that the US relationship with Communist China is “severely damaged”—damage so severe at this hour it sees the powerful nuclear armed USS Ronald Reagan and USS Nimitz aircraft carrier battle groups launching hundreds of daily training flights against Communist Chinese military forces in the South China Sea—while at the same time, American military surveillance aircraft have been flooding into the airspace of the Bashi Channel between Taiwan and the Philippines.
A move to war preceded during this past week when the former CEO of the social messaging site Reddit named Ellen K. Pao, who before locking out her Twitter account, sent out a final message about murdered child sex slaver Jeffery Epstein “madam” Ghislaine Maxwell saying: “She was at the Kleiner holiday party in 2011, but I had no desire to meet her much less have a photo taken with her…We knew about her supplying underage girls for sex, but I guess that was fine with the “cool” people who managed the tightly controlled guest list”—and are “cool people” associated with the powerful American venture capital firm Kleiner-Perkins, whose client list includes the most powerful leftist tech giants in Silicon Valley, as well as top socialist Democrat Party leaders.
And is also a Kleiner-Perkins venture capital firm made notorious over the past 24-hours because of its association with an American e-commerce company that sells furniture and home-goods named Wayfair—whose hundreds of exploding headlines about the world over are saying such things as: “Wayfair Denies Reddit Human Sex Trafficking Conspiracy Theory”—“Wayfair Forced To Deny Bizarre Rumors Its ‘Overpriced Cabinets’ Are Child Trafficking Front”—“Wayfair: Retailer's Products Fuel Conspiracy Theory After Users Find 'Link' to Missing Children”—and—“Viral Conspiracy Theory Involving A Furniture Company Doubling As A Sex Trafficking Arm Is Spine-Chilling”.
Beyond shocking headlines caused by postings made on Reddit yesterday by a mysterious person calling themselves PrincessPeach1987, whom many believe were made by Reddit’s former CEO Ellen Pao—and in these postings, saw it being documented how Wayfair is selling cheaply made cabinets for $12,000 and more—and most horrifying about, all of these cabinets being sold by Wayfair have names matching those of missing children. [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
According to this report, when the child sex trafficking allegations against Wayfair began to explode across the world in news headlines and social media postings yesterday, President Putin ordered the Foreign Intelligence Service (SVR) and Federal Security Service (FSB) to begin an immediate investigation—a lawful investigation authorized due the information contained in a Newsweek article titled “Kids Shipped in Armoires? The Person Who Started the Wayfair Conspiracy Speaks” that shockingly said:
Supporters of the theory have also urged skeptics to use a Russian search engine to search for the stock keeping unit number (SKU) associated with various Wayfair products, which returns image results full of children in bathing suits.
After laying out the legal basis under Russian Federation law for the SVR and FSB to begin a criminal investigation of the American ecommerce company Wayfair, this transcript of today’s Security Council meeting shows its ending on regular order—but attached to this transcript is a highly-classified “Completely Secret” document prepared by the SVR about its initial investigation into Wayfair—a few chilling findings of which allowed to be openly discussed by various ministries include:
The SVR examination of the Russian search engine site Yandex appears to confirm that when searching for stock keeping unit numbers (SKUs) for certain Wayfair products, sites linking with children images appear—though more troubling, when examining a Wayfair product called “Pannell 8 Drawer Double Dresser”—and in searching on Yandex for its designated “Specifications” (known as Standard Safety Specification for Clothing Storage Units)—a search for “ASTM F2057 - 17 Certified” linked to images of black and Hispanic children—while a search for “ASTM F2057 - 19 Certified (White Color)” linked only to images of white children—the reasons for which are still under investigation, and English to Russian language translation errors haven’t been ruled out—though all such linking of Wayfair products with children of every colour have now been eliminated by Yandex.
The SVR noting the 4 November 2019 financial headline in America warning: “Stay Away From Wayfair’s ‘Toxic’ Stock, Jim Cramer Says”—that was followed 6-months later by the 11 May 2020 financial headline “How Wayfair Made a Comeback”—a financial article that contained the statement “a lot of the Wayfair supply chain really does come out of China”—and most critical to know about, was a financial article written just 1-month after Wayfair began selling its multi-thousand-dollar cabinets named after missing children.
July 11, 2020 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]
[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]
Lincoln-Tsar-Hitler Paradox Of Course Means A Comet Is Coming!
Blood Soaked Fangs Of New York Times Clutching Throat Of America Ready To Kill Again
Return To Main Page
July 11, 2020
Trump Moves Closer To War With China After Claim Of Children Being Sold In Wayfair Ads Explodes
By: Sorcha Faal, and as reported to her Western Subscribers
As further proof that our world has gone stark raving mad, a mind-exploding new Security Council (SC) report circulating in the Kremlin today noting the Chinese Communist Party having announced this past week that China and the United States “are heading towards a complete economic decoupling”, says President Donald Trump has just confirmed this reality with his statement a few hours ago that the US relationship with Communist China is “severely damaged”—damage so severe at this hour it sees the powerful nuclear armed USS Ronald Reagan and USS Nimitz aircraft carrier battle groups launching hundreds of daily training flights against Communist Chinese military forces in the South China Sea—while at the same time, American military surveillance aircraft have been flooding into the airspace of the Bashi Channel between Taiwan and the Philippines.
A move to war preceded during this past week when the former CEO of the social messaging site Reddit named Ellen K. Pao, who before locking out her Twitter account, sent out a final message about murdered child sex slaver Jeffery Epstein “madam” Ghislaine Maxwell saying: “She was at the Kleiner holiday party in 2011, but I had no desire to meet her much less have a photo taken with her…We knew about her supplying underage girls for sex, but I guess that was fine with the “cool” people who managed the tightly controlled guest list”—and are “cool people” associated with the powerful American venture capital firm Kleiner-Perkins, whose client list includes the most powerful leftist tech giants in Silicon Valley, as well as top socialist Democrat Party leaders.
And is also a Kleiner-Perkins venture capital firm made notorious over the past 24-hours because of its association with an American e-commerce company that sells furniture and home-goods named Wayfair—whose hundreds of exploding headlines about the world over are saying such things as: “Wayfair Denies Reddit Human Sex Trafficking Conspiracy Theory”—“Wayfair Forced To Deny Bizarre Rumors Its ‘Overpriced Cabinets’ Are Child Trafficking Front”—“Wayfair: Retailer's Products Fuel Conspiracy Theory After Users Find 'Link' to Missing Children”—and—“Viral Conspiracy Theory Involving A Furniture Company Doubling As A Sex Trafficking Arm Is Spine-Chilling”.
Beyond shocking headlines caused by postings made on Reddit yesterday by a mysterious person calling themselves PrincessPeach1987, whom many believe were made by Reddit’s former CEO Ellen Pao—and in these postings, saw it being documented how Wayfair is selling cheaply made cabinets for $12,000 and more—and most horrifying about, all of these cabinets being sold by Wayfair have names matching those of missing children. [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
http://www.whatdoesitmean.com/ckk23.jpg
Nuclear armed USS Ronald Reagan and the USS Nimitz aircraft carrier battle groups move into South China Sea (above)…
http://www.whatdoesitmean.com/ckk24.jpg
…as American military surveillance aircraft begin flooding the skies in the Bashi Channel between Taiwan and the Philippines.(above)…
http://www.whatdoesitmean.com/ckk21.jpg
…and at same time American ecommerce company Wayfair is discovered selling cheap cabinets for over $12,000 (above)…
http://www.whatdoesitmean.com/ckk22.jpg
…and are Wayfair cabinets demonically named after missing children (above).
According to this report, when the child sex trafficking allegations against Wayfair began to explode across the world in news headlines and social media postings yesterday, President Putin ordered the Foreign Intelligence Service (SVR) and Federal Security Service (FSB) to begin an immediate investigation—a lawful investigation authorized due the information contained in a Newsweek article titled “Kids Shipped in Armoires? The Person Who Started the Wayfair Conspiracy Speaks” that shockingly said:
Supporters of the theory have also urged skeptics to use a Russian search engine to search for the stock keeping unit number (SKU) associated with various Wayfair products, which returns image results full of children in bathing suits.
http://www.whatdoesitmean.com/ckk26.png
After laying out the legal basis under Russian Federation law for the SVR and FSB to begin a criminal investigation of the American ecommerce company Wayfair, this transcript of today’s Security Council meeting shows its ending on regular order—but attached to this transcript is a highly-classified “Completely Secret” document prepared by the SVR about its initial investigation into Wayfair—a few chilling findings of which allowed to be openly discussed by various ministries include:
The SVR examination of the Russian search engine site Yandex appears to confirm that when searching for stock keeping unit numbers (SKUs) for certain Wayfair products, sites linking with children images appear—though more troubling, when examining a Wayfair product called “Pannell 8 Drawer Double Dresser”—and in searching on Yandex for its designated “Specifications” (known as Standard Safety Specification for Clothing Storage Units)—a search for “ASTM F2057 - 17 Certified” linked to images of black and Hispanic children—while a search for “ASTM F2057 - 19 Certified (White Color)” linked only to images of white children—the reasons for which are still under investigation, and English to Russian language translation errors haven’t been ruled out—though all such linking of Wayfair products with children of every colour have now been eliminated by Yandex.
The SVR noting the 4 November 2019 financial headline in America warning: “Stay Away From Wayfair’s ‘Toxic’ Stock, Jim Cramer Says”—that was followed 6-months later by the 11 May 2020 financial headline “How Wayfair Made a Comeback”—a financial article that contained the statement “a lot of the Wayfair supply chain really does come out of China”—and most critical to know about, was a financial article written just 1-month after Wayfair began selling its multi-thousand-dollar cabinets named after missing children.
http://www.whatdoesitmean.com/ckk27.jpg
July 11, 2020 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]
[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]
Lincoln-Tsar-Hitler Paradox Of Course Means A Comet Is Coming!
Blood Soaked Fangs Of New York Times Clutching Throat Of America Ready To Kill Again
Return To Main Page
- Post #8,717
- Quote
- Jul 11, 2020 10:20am Jul 11, 2020 10:20am
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
http://www.whatdoesitmean.com/
Top World News Now
July 11, 2020
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United States
Roger Stone Is Free. Trump Commutes Unjustly Prison Sentence Of Long Time Ally
White House announces Trump is granting clemency to Roger Stone
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Barr makes another U.S. Attorney change in New York, this time in Brooklyn
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Russia
Russia may postpone Immortal Regiment march to later date over pandemic
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Russia chooses first 13 countries for resuming international flight connection
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Russia Starts Final Stage of Testing COVID-19 Vaccine
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China
Wuhan Coronavirus (2019-nCoV) Global Cases Live Map
China vows retaliation against US sanctions over Xinjiang
Chinese virologist accuses Beijing of coronavirus cover-up, flees Hong Kong: 'I know how they treat whistleblowers'
Late "King of Gambling" Stanley Ho draws tributes from Xi Jinping, Hong Kong bigwigs
Tibetan Youth Congress burns Chinese flag, Xi Jinping's effigy during protest in Dharamshala
Chinese Banks Preparing For "Worst Case" Scenario: Being Cut Off From SWIFT, Hong Kong Bank Runs
In echo of Mao era, China's schools in book-cleansing drive
Mayor of South Korea's capital found dead amid impropriety allegation
Kim Yo Jong Says Summit With Trump Might Not Happen This Year
India Uttarakhand Minister Sends Copy Of Ramayana To Xi Jinping, Says Expansionism Brought Ravan's Destruction
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United Kingdom
UK government to invest £170,000 in elite sex-parties firm, with taxpayer holding equity stake
Boris Johnson to give £248,000 of taxpayer money to outgoing Whitehall chief Sir Mark Sedwill in golden handshake
Clinical Psychologist Says Julian Assange’s ‘Torture’ Has ‘Intensified’ and Must Be Stopped
British court rules against Christopher Steele, orders damages paid to businessmen named in dossier
On Huawei, Boris Johnson says cannot be vulnerable to high risk state vendors
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'Absolute chaos' as 2.5million Covid-19 tests missing across UK
Red Guards in Britain: China Ambassador Calls on Chinese Students in UK to ‘Serve the Motherland’
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European Union
‘Pure terrorism’: Serbian president denounces violence as 4th day of protests results in more clashes & arrests
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Germany
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France
Notre Dame cathedral in Paris to be restored to ORIGINAL design after blaze that shocked the world
Macron picks a government to rebuild France's economy
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France's 'Acquittator' Sows Controversy As New Justice Minister
France ditches ‘minister for attractiveness’ title after ridicule
New PM Castex pledges €7.5 billion for hospital staff in wake of pandemic
Economy and defence ministers to remain under new PM Castex, new faces at interior and culture
Paris's Louvre reopens on Monday after lockdown losses of 'over €40 million'
`
War For Global Energy Supremacy-World War III
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Israel
Lebanon economic crisis: Food prices are so high not even shops can afford them
Hezbollah says it is attempting to secure Iranian fuel supplies for Lebanon
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Not every incident in Iran 'necessarily has something to do with us,' Israeli defense chief says after fire at Natanz nuclear site
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'It will be a disaster': Palestinians prepare for annexation
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Turkey
Erdogan signs decree turning Istanbul's Hagia Sofia into a mosque after court ruling
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Egypt
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South Africa
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Iran
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Iran Sees 6th Deadly 'Mystery' Explosion In Weeks At Industrial Zone Near Tehran
U.N. expert deems U.S. drone strike on Iran's Soleimani an 'unlawful' killing
Third 'Mystery' Blast In Less Than A Week Rocks Iran Power Plant
'Nightmare for enemies': Iran says it built underground ‘MISSILE CITIES’ along Persian Gulf coast
Iran’s Top Security Official Says Killing Soleimani is US ‘Biggest Gift’ to Terrorism in Region
Iran declines to disclose cause of fire at Natanz nuclear site
Iran confirms mystery 'incident' damaged its major nuclear site in Natanz
http://www.whatdoesitmean.com/venflag.gif
Venezuela
Venezuelan Fighter Jets "Neutralize" US-Registered Aircraft
Bolivia's acting president Jeanine Anez confirms she tested positive for coronavirus
Bolivia digs mass graves as cemeteries fill with coronavirus victims
British Court Refuses To Release Venezuelan Gold To Maduro
Over 100 soldiers in Colombia investigated for child sexual abuse
‘Enough of European colonialism’: Maduro says EU envoy to be expelled after block sanctions 11 Venezuelan officials
Colombian president says Venezuela is a health 'time bomb'
Venezuelans take extraordinary steps to beat water shortage
http://www.whatdoesitmean.com/br-flag.gif
Brazil
“To Those Who Cheer Against Hydroxychloroquine – I Regret to Inform You I Am Doing Well” – Brazilian President Jair Bolsonaro Announces Excellent News on His Health (VIDEO)
President Jair Bolsonaro Confirms Positive Test For COVID-19
Brazil health regulator Anvisa allows Chinese COVID-19 vaccine trial
Mass testing at JBS, BRF plants in Center West Brazil town reveals more than 1,000 COVID-19 cases
Bolsonaro Appeals Court Order On Wearing Mask
Brazil’s first Jewish Supreme Court justice became court's first president
Coronavirus, spreading in Brazil's interior, threatens to 'boomerang' back to major cities
http://www.whatdoesitmean.com/mx-flag.gif
Mexico
Russian Avifavir COVID-19 Drug to Be Presented in Latin America on 10 July
Mexico closes US border in Arizona to stop July 4th visitors, citing COVID-19 fears
At least 24 killed in armed attack on Mexican drug rehab clinic
Obrador to visit Trump in US on July 8, 9
Major Mexican Cartels: Drug Wars And Business
Mexico City Police Chief Wounded In Daylight Assassination Attempt Using .50 Cal Rifles & Grenades
Tsunami warning issued after major earthquake rocks southern Mexico
http://www.whatdoesitmean.com/cu-flag.gif
Cuba
4.9-Magnitude Quake Hits Near Puerto Rico; Houses Damaged
Cuba thanks OPEC for support as US tightens blockade
Elian Gonzalez of Cuba says he's becoming a father
Caribbean among countries unfairly targeted by US senators over Cuba
Cuba plans cautious reopening to tourists
Marriott says Trump ordered stop to Cuba hotel business
Cuban Foreign Minister Slams New US Sanctions as 'Designed to Affect Cuban Families'
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United Nations
Russia Submits Draft UNSC Measure to Deliver Syria Aid Via 1 Crossing for 1 Year
UN Report "Whitewashing" Terrorists As Soleimani Was "Bloodiest Terrorist In The World": State Dept
At UN Human Rights Council, 53 countries back China's draconian Hong Kong crackdown
International community pledges US$5.5 billion for the Syria crisis response in 2020, in Syria and neighbouring countries
U.N. Chief Guterres Calls for One Supreme Body of ‘Global Governance’
U.S. warns Russia, China of U.N. isolation if Iran arms ban extension blocked
http://www.whatdoesitmean.com/ja-flag.gif
Japan
Japan's ruling party torn over Xi Jinping invitation
Carlos Ghosn Paid Ex-Green Beret $860,000 For Great Escape
Death toll from flooding in Japan rises to 50, dozen missing
Japan expresses ‘regret’ over Hong Kong security law; Xi’s state visit unlikely
Japan Pushes Back Against Talk of G-7 That Includes South Korea
Japan backs out of costly US missile system despite 'imminent threat' from North Korea
Japan expected to compile next economy stimulus in fall, says PM Abe's ally
Beijing warns Japan after move to rename area of Senkaku Islands
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India
India's coronavirus death toll hits 20,000 as infections surge
Pictures of toddler lying on the body of his dead grandfather spark outrage in India's Kashmir
India Deploys Helicopter, 12 Drones to Stop Fast-Spreading Locusts
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Pakistan
PM Imran Khan says ‘no doubt’ India was behind stock exchange attack
Prime Minister Imran Khan Suggests Osama Bin Laden Was a Martyr
Pakistan Partially Resumes International Flights to Repatriate Citizens Stranded Abroad
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Australia
Australian government advises citizens not to travel to Hong Kong due to national security law
New Zealand deputy PM Winston Peters is taken to hospital for surgery after getting food poisoning
Australian police dispatched to ensure 3,000 residents stay inside apartments under COVID quarantine
Thousands Take Part in Protests Against Racial Inequality Across Australia
'Necrophilia is harmless': Australian Greens candidate called for sex with corpses to be legalised
Australia sees ‘partial economic decoupling’ from China as Canberra weighs risks of over reliance after coronavirus disruptions
Bikies setting up chapters in south-east Asia to send drugs into Australia
Woolworths is slapped with a $1million fine for spamming people five million times
Top World News Now
July 11, 2020
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United States
Roger Stone Is Free. Trump Commutes Unjustly Prison Sentence Of Long Time Ally
White House announces Trump is granting clemency to Roger Stone
Trump slaps France with 25% tariffs, but gives it 180 days to ‘rethink’ taxing Apple, Google & others
Goya Foods CEO: ‘I’m not apologizing’ For Accepting an Invitation From The President
Barr makes another U.S. Attorney change in New York, this time in Brooklyn
Conflicting Reports: John Durham May or May Not Wait Until After Election to Bring Indictments
Joe Biden's 'Unity' Platform Gives Free Health Care to DACA Illegal Aliens
Judicial Watch: Withholding Biden Senate records ‘contrary to rule of law’
De Blasio says NYC Black Lives Matter marches can continue despite large-event ban
McCloskeys Served with Search Warrant! – St. Louis Police Seize Gun From Armed Couple Who Defended Their Historic Home From Rioters
A Shot at Hostage Diplomacy With China Backfires in Canada
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Russia
Russia may postpone Immortal Regiment march to later date over pandemic
Nearly 6 Years After MH17 Was Shot Down, Dutch Prosecutors Say They Will Sue Russia
Putin - Voting on constitutional amendments was organized at highest democratic level
Ex-PM Medvedev says he has ‘good friendly relations’ with Putin
Top Court Throws Out Lawsuit Filed By Late Regional Chief Against Putin
Putin’s point man on Ukraine says unrecognized Donetsk & Lugansk republics will NOT join Russia
Russia chooses first 13 countries for resuming international flight connection
Moscow denies allegations of Chechen authorities’ involvement in Austria murder
‘You will be disposed of’: Chechen head Kadyrov warns of the dangers of participating in foreign ‘special services projects’
Russia Starts Final Stage of Testing COVID-19 Vaccine
Russian art collector seeks to buy NYC’s Teddy Roosevelt statue, move it to St. Petersburg
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China
Wuhan Coronavirus (2019-nCoV) Global Cases Live Map
China vows retaliation against US sanctions over Xinjiang
Chinese virologist accuses Beijing of coronavirus cover-up, flees Hong Kong: 'I know how they treat whistleblowers'
Late "King of Gambling" Stanley Ho draws tributes from Xi Jinping, Hong Kong bigwigs
Tibetan Youth Congress burns Chinese flag, Xi Jinping's effigy during protest in Dharamshala
Chinese Banks Preparing For "Worst Case" Scenario: Being Cut Off From SWIFT, Hong Kong Bank Runs
In echo of Mao era, China's schools in book-cleansing drive
Mayor of South Korea's capital found dead amid impropriety allegation
Kim Yo Jong Says Summit With Trump Might Not Happen This Year
India Uttarakhand Minister Sends Copy Of Ramayana To Xi Jinping, Says Expansionism Brought Ravan's Destruction
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United Kingdom
UK government to invest £170,000 in elite sex-parties firm, with taxpayer holding equity stake
Boris Johnson to give £248,000 of taxpayer money to outgoing Whitehall chief Sir Mark Sedwill in golden handshake
Clinical Psychologist Says Julian Assange’s ‘Torture’ Has ‘Intensified’ and Must Be Stopped
British court rules against Christopher Steele, orders damages paid to businessmen named in dossier
On Huawei, Boris Johnson says cannot be vulnerable to high risk state vendors
Fury as Boris Johnson accuses care homes over high Covid-19 death toll
'Absolute chaos' as 2.5million Covid-19 tests missing across UK
Red Guards in Britain: China Ambassador Calls on Chinese Students in UK to ‘Serve the Motherland’
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European Union
‘Pure terrorism’: Serbian president denounces violence as 4th day of protests results in more clashes & arrests
Serbia Protests Meet Violent Response in Europe’s 1st Major Virus Unrest
Couples Separated by Europe’s Travel Bans Fight to Be Reunited
Seven TORTURE CHAMBERS & cells inside shipping containers discovered in Dutch police raid after crack of encrypted chat app
Thousands protest in Belgrade as Serbia reimposes Covid-19 curfew
EU looking to ramp-up production of COVID-19 antiviral remdesivir
EU threatens escalation in tariff fight with US
EU top official criticized for breaching code of conduct in Croatia election
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Germany
Merkel wants swift EU deal on COVID economic recovery to grow unity
Merkel says EU must prepare for no-deal Brexit
Germany Eyes Breakthrough in EU Migration Dispute This Year
Server Hosting Leaked Secret U.S. Police Files Seized by Germany
Germany Points to U.S. Outbreak, U.K. Pubs in Urging Mask Wearing
'Your year for Germany': Defense minister wants voluntary Bundeswehr military service as army struggles to fill ranks
Berlin drops derogatory name for metro station after protests
Lawmakers in Germany Approve Plan to Phase out Coal and Nuclear
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France
Notre Dame cathedral in Paris to be restored to ORIGINAL design after blaze that shocked the world
Macron picks a government to rebuild France's economy
Macron’s New Cabinet Stirs Ire of French Feminists
France's 'Acquittator' Sows Controversy As New Justice Minister
France ditches ‘minister for attractiveness’ title after ridicule
New PM Castex pledges €7.5 billion for hospital staff in wake of pandemic
Economy and defence ministers to remain under new PM Castex, new faces at interior and culture
Paris's Louvre reopens on Monday after lockdown losses of 'over €40 million'
`
War For Global Energy Supremacy-World War III
"I Could Live With That": How The CIA Made Afghanistan Safe For The Opium Trade
General McKenzie ‘Confident’ Iraq Will Ask US Troops to Remain
Turkish Forces Lick Wounds After Airstrikes Hit Their Base In Libya
Turkey tested Russia’s S-400 air defense systems on US-made planes last year
Libya: Turkey vows 'retribution' for attack on its positions at al-Watiya airbase
US Department of Defense announced on Monday that a 20-year-old soldier died in Kosovo in a “non-combat related incident.”
Russian diplomat says some members of US intelligence involved in Afghan drug trafficking
Israeli Cyberattack Caused Fire at Iran Nuclear Site
Interesting Developments
YouTube Takes Down Tucker Carlson's Video Connecting Terrorist Susan Rosenberg to BLM
Robert De Niro pleads COVID poverty as he halves estranged wife Grace Hightower's $100,000 monthly allowance and says he is 'going to be lucky if he makes $7.5M this year'
‘How Islam moderated slavery’: BBC blasted for piece explaining the ‘nice’ way to treat humans as property
Humans Are Better But Tyson Turns To Robots
NBC Guest Doctor Who Was Suffering from Coronavirus in Hospital in TV Interviews - Never Had Coronavirus! (Video)
"Almost $1 Million Disappeared": A Robinhood Horror Story
Remember The Red Guards Before You Cheer The Woke Mobs
Conspiracy FACT: Soros-funded prosecutors let rioters go but declare not agreeing with Black Lives Matter to be a ‘hate crime’
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Israel
Lebanon economic crisis: Food prices are so high not even shops can afford them
Hezbollah says it is attempting to secure Iranian fuel supplies for Lebanon
US Senate Dems introduce amendment that would block Israel from using U.S. funds for annexation
Arab leaders will not take action against Israel over annexation
Netanyahu sounds alarm over Israel’s new Covid-19 spike, warning ‘we’re in a state of emergency’
Not every incident in Iran 'necessarily has something to do with us,' Israeli defense chief says after fire at Natanz nuclear site
US Urges Israel to Make a Gesture to Palestinians to ‘Offset’ Annexation
'It will be a disaster': Palestinians prepare for annexation
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Turkey
Erdogan signs decree turning Istanbul's Hagia Sofia into a mosque after court ruling
Turkey warns it will respond if EU takes fresh measures against it
Turkey successfully tests its first homegrown anti-ship cruise missile
Erdogan Calls For Tighter Social Media Controls After Comments On His Family
Turkey condemns 'defacing' of Ataturk statue in Washington
Turkish Parliament suspends work after increase in COVID-19 cases on premises
Merkel, Erdogan agree U.N. process for Libya should be bolstered
Erdogan accused to trying to create ‘new militia’ after parliament votes to arm watchmen
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Egypt
Plan to bring back Suez Canal statue stirs debate in Egypt
Khashoggi trial: Consulate worker was told to 'light up the oven'
Saudi triples VAT in unpopular virus-led austerity push
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South Africa
Africa Starts Opening Airspace Even As COVID-19 Cases Climb
South Africa to reopen casinos and cinemas despite COVID-19 spread
Former South African president De Klerk withdraws from U.S. rights talk
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Iran
Series of ‘explosions & power outages’ reported near Tehran
Iran Sees 6th Deadly 'Mystery' Explosion In Weeks At Industrial Zone Near Tehran
U.N. expert deems U.S. drone strike on Iran's Soleimani an 'unlawful' killing
Third 'Mystery' Blast In Less Than A Week Rocks Iran Power Plant
'Nightmare for enemies': Iran says it built underground ‘MISSILE CITIES’ along Persian Gulf coast
Iran’s Top Security Official Says Killing Soleimani is US ‘Biggest Gift’ to Terrorism in Region
Iran declines to disclose cause of fire at Natanz nuclear site
Iran confirms mystery 'incident' damaged its major nuclear site in Natanz
http://www.whatdoesitmean.com/venflag.gif
Venezuela
Venezuelan Fighter Jets "Neutralize" US-Registered Aircraft
Bolivia's acting president Jeanine Anez confirms she tested positive for coronavirus
Bolivia digs mass graves as cemeteries fill with coronavirus victims
British Court Refuses To Release Venezuelan Gold To Maduro
Over 100 soldiers in Colombia investigated for child sexual abuse
‘Enough of European colonialism’: Maduro says EU envoy to be expelled after block sanctions 11 Venezuelan officials
Colombian president says Venezuela is a health 'time bomb'
Venezuelans take extraordinary steps to beat water shortage
http://www.whatdoesitmean.com/br-flag.gif
Brazil
“To Those Who Cheer Against Hydroxychloroquine – I Regret to Inform You I Am Doing Well” – Brazilian President Jair Bolsonaro Announces Excellent News on His Health (VIDEO)
President Jair Bolsonaro Confirms Positive Test For COVID-19
Brazil health regulator Anvisa allows Chinese COVID-19 vaccine trial
Mass testing at JBS, BRF plants in Center West Brazil town reveals more than 1,000 COVID-19 cases
Bolsonaro Appeals Court Order On Wearing Mask
Brazil’s first Jewish Supreme Court justice became court's first president
Coronavirus, spreading in Brazil's interior, threatens to 'boomerang' back to major cities
http://www.whatdoesitmean.com/mx-flag.gif
Mexico
Russian Avifavir COVID-19 Drug to Be Presented in Latin America on 10 July
Mexico closes US border in Arizona to stop July 4th visitors, citing COVID-19 fears
At least 24 killed in armed attack on Mexican drug rehab clinic
Obrador to visit Trump in US on July 8, 9
Major Mexican Cartels: Drug Wars And Business
Mexico City Police Chief Wounded In Daylight Assassination Attempt Using .50 Cal Rifles & Grenades
Tsunami warning issued after major earthquake rocks southern Mexico
http://www.whatdoesitmean.com/cu-flag.gif
Cuba
4.9-Magnitude Quake Hits Near Puerto Rico; Houses Damaged
Cuba thanks OPEC for support as US tightens blockade
Elian Gonzalez of Cuba says he's becoming a father
Caribbean among countries unfairly targeted by US senators over Cuba
Cuba plans cautious reopening to tourists
Marriott says Trump ordered stop to Cuba hotel business
Cuban Foreign Minister Slams New US Sanctions as 'Designed to Affect Cuban Families'
http://www.whatdoesitmean.com/unflag.jpg
United Nations
Russia Submits Draft UNSC Measure to Deliver Syria Aid Via 1 Crossing for 1 Year
UN Report "Whitewashing" Terrorists As Soleimani Was "Bloodiest Terrorist In The World": State Dept
At UN Human Rights Council, 53 countries back China's draconian Hong Kong crackdown
International community pledges US$5.5 billion for the Syria crisis response in 2020, in Syria and neighbouring countries
U.N. Chief Guterres Calls for One Supreme Body of ‘Global Governance’
U.S. warns Russia, China of U.N. isolation if Iran arms ban extension blocked
http://www.whatdoesitmean.com/ja-flag.gif
Japan
Japan's ruling party torn over Xi Jinping invitation
Carlos Ghosn Paid Ex-Green Beret $860,000 For Great Escape
Death toll from flooding in Japan rises to 50, dozen missing
Japan expresses ‘regret’ over Hong Kong security law; Xi’s state visit unlikely
Japan Pushes Back Against Talk of G-7 That Includes South Korea
Japan backs out of costly US missile system despite 'imminent threat' from North Korea
Japan expected to compile next economy stimulus in fall, says PM Abe's ally
Beijing warns Japan after move to rename area of Senkaku Islands
http://www.whatdoesitmean.com/in-flag.gif
India
India's coronavirus death toll hits 20,000 as infections surge
Pictures of toddler lying on the body of his dead grandfather spark outrage in India's Kashmir
India Deploys Helicopter, 12 Drones to Stop Fast-Spreading Locusts
http://www.whatdoesitmean.com/pk-flag.gif
Pakistan
PM Imran Khan says ‘no doubt’ India was behind stock exchange attack
Prime Minister Imran Khan Suggests Osama Bin Laden Was a Martyr
Pakistan Partially Resumes International Flights to Repatriate Citizens Stranded Abroad
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Australia
Australian government advises citizens not to travel to Hong Kong due to national security law
New Zealand deputy PM Winston Peters is taken to hospital for surgery after getting food poisoning
Australian police dispatched to ensure 3,000 residents stay inside apartments under COVID quarantine
Thousands Take Part in Protests Against Racial Inequality Across Australia
'Necrophilia is harmless': Australian Greens candidate called for sex with corpses to be legalised
Australia sees ‘partial economic decoupling’ from China as Canberra weighs risks of over reliance after coronavirus disruptions
Bikies setting up chapters in south-east Asia to send drugs into Australia
Woolworths is slapped with a $1million fine for spamming people five million times
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- Post #8,718
- Quote
- Jul 11, 2020 10:24am Jul 11, 2020 10:24am
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
https://www.zerohedge.com/geopolitic...ops+to+zero%29
Though long off the media's radar, it remains that a thousand or more US troops are still occupying northeast Syria's oil rich region, provoking multiple recent dangerous "close call" near-clashes with Syrian and Russian troops who are also patrolling a region considered sovereign Syrian soil.
The latest tense encounter this week as a US military convoy came upon a check point manned by Syrian Army soldiers and pro-Assad militia almost resulted in a direct clash.
Video shows Syrian soldiers halting the US-flagged patrol unit, consisting of three armoured vehicles, demanding that they turn back. At one point a Syrian soldier even approaches the doors of the lead American vehicle and is seen waiving his Kalashnikov point-blank at the driver side windows (at 3:40 mark below).
The convoy then promptly initiates a U-turn and heads in the opposite direction, likely given it was clear that the Syrian soldiers were ready to engage.
"Run baby, run!" the cameraman is heard saying. The incident reportedly took place in western Hasakah along the M-4 highway. The Americans were apparently trying to access a key bridge along the strategic road.
Syrian state media outlet SANA published photos of the encounter, claiming it as a victory against the “US occupation in the village of Mansaf Tahtani” which “forced them to return to their illegal bases.”
https://zh-prod-1cc738ca-7d3b-4a72-b...es/sanapic.png
Imaged published by SANA of the incident.
In of the official photos released by SANA, a Syrian soldier is seen brandishing a rocket-propelled grenade while walking toward the retreating convoy.
It's but another reminder that the war in Syria is far from finally settled, though Assad is in form control of most of the country.
Though brief, there's a rare moment a Syrian soldier points his rifle directly at US troops inside the Army vehicle.
https://zh-prod-1cc738ca-7d3b-4a72-b...ysoldierus.png
There's clearly still the potential for major war to erupt once again given the significant presence of US forces in Syria's most oil-rich area.
Both Damascus and Moscow have repeatedly demanded all American forces leave Syria immediately, and have at times threatened use of force to make that happen, though to some degree an unspoken 'status quo' has remained, preventing outright gunfights among major powers on the ground.
Though long off the media's radar, it remains that a thousand or more US troops are still occupying northeast Syria's oil rich region, provoking multiple recent dangerous "close call" near-clashes with Syrian and Russian troops who are also patrolling a region considered sovereign Syrian soil.
The latest tense encounter this week as a US military convoy came upon a check point manned by Syrian Army soldiers and pro-Assad militia almost resulted in a direct clash.
Video shows Syrian soldiers halting the US-flagged patrol unit, consisting of three armoured vehicles, demanding that they turn back. At one point a Syrian soldier even approaches the doors of the lead American vehicle and is seen waiving his Kalashnikov point-blank at the driver side windows (at 3:40 mark below).
The convoy then promptly initiates a U-turn and heads in the opposite direction, likely given it was clear that the Syrian soldiers were ready to engage.
"Run baby, run!" the cameraman is heard saying. The incident reportedly took place in western Hasakah along the M-4 highway. The Americans were apparently trying to access a key bridge along the strategic road.
Syrian state media outlet SANA published photos of the encounter, claiming it as a victory against the “US occupation in the village of Mansaf Tahtani” which “forced them to return to their illegal bases.”
https://zh-prod-1cc738ca-7d3b-4a72-b...es/sanapic.png
Imaged published by SANA of the incident.
In of the official photos released by SANA, a Syrian soldier is seen brandishing a rocket-propelled grenade while walking toward the retreating convoy.
It's but another reminder that the war in Syria is far from finally settled, though Assad is in form control of most of the country.
Though brief, there's a rare moment a Syrian soldier points his rifle directly at US troops inside the Army vehicle.
https://zh-prod-1cc738ca-7d3b-4a72-b...ysoldierus.png
There's clearly still the potential for major war to erupt once again given the significant presence of US forces in Syria's most oil-rich area.
Both Damascus and Moscow have repeatedly demanded all American forces leave Syria immediately, and have at times threatened use of force to make that happen, though to some degree an unspoken 'status quo' has remained, preventing outright gunfights among major powers on the ground.
- Post #8,719
- Quote
- Edited 10:47am Jul 11, 2020 10:36am | Edited 10:47am
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
https://www.zerohedge.com/markets/th...ops+to+zero%29
Authored by Lance Roberts via RealInvestmentAdvice.com,
Since the March lows, the markets have rallied on optimism of a “V-shaped” economic recovery and constant stimulus from the Fed. So far, that has been the right call. However, in recent weeks, the threats to the bullish thesis have grown.
We recently discussed the Fed’s inflation of an asset bubble. The crux of the analysis was the unprecedented amount of monetary stimulus to counter the “pandemic.”
“The Fed was able to inflate another asset bubble to restore consumer confidence and stabilize the credit markets. The problem is that since the Fed never unwound their previous policies, current policies will have a more muted long-term effect.
However, this time there are 50+ million unemployed, wage growth is declining, and bankruptcies are on the rise. The Fed’s attempt to inflate another bubble to offset the damage from the deflation of the last bubble, will likely not work.”
In the short-term, the Fed’s actions had the intended outcome by providing “stability” to the financial markets.
The Paradox
What is most imperative for the Fed is those market participants, and consumers “believe” in their actions. With the financial ecosystem more heavily levered than ever, the “instability of stability” remains the most significant risk.
“The ‘stability/instability paradox’ assumes that all players are rational. That assumption implies participants will avoid complete destruction. In other words, all players will act rationally, and no one will push ‘the big red button.’”
The problem the Fed, and Global Central banks, currently face is an inability to extract themselves from ongoing monetary policy measures. After the “Financial Crisis,” the Fed had hoped they would be able to reduce their accommodation as economic growth and inflation returned.
Neither ever happened.
https://zh-prod-1cc738ca-7d3b-4a72-b...GDP-070920.png
A Diminishing Rate Of Return
Instead, as each year passed, more monetary policy was required just to sustain economic growth. Whenever the Fed tightened policy, economic growth weakened, and financial markets declined. The table shows it takes increasingly larger amounts of QE to create an equivalent increase in asset prices.
https://zh-prod-1cc738ca-7d3b-4a72-b...ble-070820.png
As with everything, there is a “diminishing rate of return” on QE over time. Since QE requires more debt to be issued, the consequence is slower economic growth over time.
“The relevance of debt growth versus economic growth is all too evident. Debt issuance initially exploded during the Obama administration. It further accelerated under President Trump, and has taken ever-increasing amounts of debt to generate $1 of economic growth.”
https://zh-prod-1cc738ca-7d3b-4a72-b...h-060720_0.png
In other words, without debt, there has been no organic economic growth.
Importantly, after a decade of unprecedented monetary policy programs in U.S., the risks in the system have been expanded. It is now imperative that everyone continues to “act rationally.”
By not letting the system correct, letting weak companies fail, and allowing valuations to mean revert, the Fed has trapped itself. Such was a point we discussed previously:
“One way to view this problem is by looking at the Nasdaq 100 versus the S&P 500 index. That ratio is now at the highest level ever.”
https://zh-prod-1cc738ca-7d3b-4a72-b...%20%281%29.png
These levels of extremes rarely exist for extended periods. It currently seems as if “nothing can stop the bullish market.” However, it is always an unexpected, exogenous event, which pops the bubble.
The Bear Case
My colleague Doug Kass recently penned an interesting post on this issue:
“In aggregate terms, COVID -19 will likely have a sustained impact on the domestic economy. Such will be seen in reduced production and profitability for several years and forever in some industries.
At the core of my concerns:
Authored by Lance Roberts via RealInvestmentAdvice.com,
Since the March lows, the markets have rallied on optimism of a “V-shaped” economic recovery and constant stimulus from the Fed. So far, that has been the right call. However, in recent weeks, the threats to the bullish thesis have grown.
We recently discussed the Fed’s inflation of an asset bubble. The crux of the analysis was the unprecedented amount of monetary stimulus to counter the “pandemic.”
“The Fed was able to inflate another asset bubble to restore consumer confidence and stabilize the credit markets. The problem is that since the Fed never unwound their previous policies, current policies will have a more muted long-term effect.
However, this time there are 50+ million unemployed, wage growth is declining, and bankruptcies are on the rise. The Fed’s attempt to inflate another bubble to offset the damage from the deflation of the last bubble, will likely not work.”
In the short-term, the Fed’s actions had the intended outcome by providing “stability” to the financial markets.
The Paradox
What is most imperative for the Fed is those market participants, and consumers “believe” in their actions. With the financial ecosystem more heavily levered than ever, the “instability of stability” remains the most significant risk.
“The ‘stability/instability paradox’ assumes that all players are rational. That assumption implies participants will avoid complete destruction. In other words, all players will act rationally, and no one will push ‘the big red button.’”
The problem the Fed, and Global Central banks, currently face is an inability to extract themselves from ongoing monetary policy measures. After the “Financial Crisis,” the Fed had hoped they would be able to reduce their accommodation as economic growth and inflation returned.
Neither ever happened.
https://zh-prod-1cc738ca-7d3b-4a72-b...GDP-070920.png
A Diminishing Rate Of Return
Instead, as each year passed, more monetary policy was required just to sustain economic growth. Whenever the Fed tightened policy, economic growth weakened, and financial markets declined. The table shows it takes increasingly larger amounts of QE to create an equivalent increase in asset prices.
https://zh-prod-1cc738ca-7d3b-4a72-b...ble-070820.png
As with everything, there is a “diminishing rate of return” on QE over time. Since QE requires more debt to be issued, the consequence is slower economic growth over time.
“The relevance of debt growth versus economic growth is all too evident. Debt issuance initially exploded during the Obama administration. It further accelerated under President Trump, and has taken ever-increasing amounts of debt to generate $1 of economic growth.”
https://zh-prod-1cc738ca-7d3b-4a72-b...h-060720_0.png
In other words, without debt, there has been no organic economic growth.
Importantly, after a decade of unprecedented monetary policy programs in U.S., the risks in the system have been expanded. It is now imperative that everyone continues to “act rationally.”
By not letting the system correct, letting weak companies fail, and allowing valuations to mean revert, the Fed has trapped itself. Such was a point we discussed previously:
“One way to view this problem is by looking at the Nasdaq 100 versus the S&P 500 index. That ratio is now at the highest level ever.”
https://zh-prod-1cc738ca-7d3b-4a72-b...%20%281%29.png
These levels of extremes rarely exist for extended periods. It currently seems as if “nothing can stop the bullish market.” However, it is always an unexpected, exogenous event, which pops the bubble.
The Bear Case
My colleague Doug Kass recently penned an interesting post on this issue:
“In aggregate terms, COVID -19 will likely have a sustained impact on the domestic economy. Such will be seen in reduced production and profitability for several years and forever in some industries.
At the core of my concerns:
- Important Industries Gutted: Several key labor-intensive industries, such as education, lodging, entertainment, restaurant, travel, retail, and non-residential real estate, all face an existential threat. For these industries, they simply cannot survive the conditions they face. For these gutted industries, we face, at best, an 80% to 85% recovery in the years to come. In the case of some of these sectors like retail, Covid-19 only sped up what was already a secular decline.
- A Negative Knock-On Effect: Tangential industries, like food and other services surrounding less utilized offices, malls, and other spaces, will also get hit. They, too, face at best, an 80% recovery.
- Widening Income and Wealth Inequality: The combined unemployment impact will run deep and cause adverse economic ramifications and intensified social imbalances.
- A Battered Public Sector: With a lower revenue base, the Federal government and municipalities will cut services (and employment).
- Rising Tax Rates and Redistribution: To fund the revenue shortfall tax rates will steadily increase. Such will exacerbate the disruption described above, and create a less than virtuous cycle.
Negative Impact To Stocks
As Doug also notes, there are substantial impacts to companies individually, which will eventually manifest in lower asset prices.
- Weak Capital Spending: With a large output gap and higher debt loads ($2.5 trillion of Federal Debt and $16 trillion of non-financial debt), the outlook for capital spending is weak over the next several years.
- Higher Costs And Lower Profit Margins: The surviving companies in a post-virus world will face higher costs of doing business.
- The Competitive Influence of Zombie Companies Exacerbate Lower Profitability: Corporations will face further pressure on profit margins from “zombie companies.” These companies compete aggressively on cost, and take longer to die due to low interest rates and weak loan covenants.
- Small Businesses Gutted: The greatest brunt from the pandemic is faced by small businesses that historically account for the largest job creators.
- The Specter of a Secular Erosion in Unemployment: Permanent job losses will be surprisingly large, ultimately killing consumption.
- More Cautious Business Confidence and Spending: The surviving companies were ill-prepared operationally and financially, in early 2020 for the disruptive impact of COVID- 19. Such will force companies to maintain a “buffer” of additional capital (and cash) in the event of another unforeseen event or tragedy. In all likelihood, this will make for less ambitious capital spending and expansion plans relative to the past.
- Financial Repression Holds Multiple Risks: A sustained period of low-interest rates, necessary (by some) to offset reduced economic growth, could backfire. Repressing interest rates runs the risk of a pension fund crisis, and intransigence on the part of businesses to expand and may impair the U.S. banking system.
- A Political Stasis: Political divisiveness and partisanship could intensify – dimming the probability of effective, pro-growth fiscal policy necessary in a low growth economy.
Overly Bullish
When reading through Doug’s list, the immediate response from readers who have a “bullish bias,” is “yeah…but what about the Fed?”
In the short-term, the Fed’s monetary interventions can certainly lift asset prices. As noted in the table above, the biggest “bang for the buck” is when asset markets are profoundly depressed, and negative sentiment is exceptionally high.
Such is not the case currently with retail investors chasing momentum in the markets with reckless disregard of the underlying investment risk. The sharp rise in the Russell 2000 index, as noted by Sentiment Trader, supports this view:
“Below is the percentage of Russell 2000 firms that have negative operating earnings over the trailing-12 months. It just moved above 30%, the most in over a decade. Only twice before in 20 years have such a high proportion of these small companies lost money. Those two periods were in April 2002 and December 2009 through February 2010.”
https://zh-prod-1cc738ca-7d3b-4a72-b...4061303687.jpg
Furthermore, you have a near-record number of small traders speculating on asset prices through the use of options.
https://zh-prod-1cc738ca-7d3b-4a72-b...ages/2-4_4.png
As noted previously, investors are also using 24-month forward estimates to justify overpaying for assets.
https://zh-prod-1cc738ca-7d3b-4a72-b...%20%281%29.png
But, by nearly any metric, stocks are extremely expensive. There is only so much “future growth” that can be pulled forward. Eventually, “the piper must be paid.”
https://zh-prod-1cc738ca-7d3b-4a72-b...ages/1-5_5.png
The Risks Of Being Bullish
At the moment, none of these risks seem to matter.
What is vital to understand none of these issues will “cause” the “bear market.”
They are just the “fuel” that will exacerbate an eventual decline when the right catalyst is applied. Much like a can of gasoline stored in your garage, gas is inert until introducing the proper catalyst (a match.)
Concerning the financial markets, it will most likely not be a resurgence of the virus, weak economic data, or even a dismal earnings season. Such has already been “priced in” by the market. However, as stated, it will require an unexpected, exogenous event to ignite the fuel. At the point, it will become hard to contain the flames.
From an investment standpoint, it is critical to understand the “risk” under which you deploy capital into overvalued and extended assets.
While it may seem like a “no-lose” scenario due to the Fed’s liquidity programs, mean reversions can, and have previously, occurred.
As Doug concluded:
“While the Federal Reserve can provide the necessary ammunition (and liquidity) to stabilize activity briefly – it is unlikely a longer-term solution.
As we pass another Independence Day, the downcast prospects will impact the markets in the coming weeks and months
These are not an ingredient for a “Bull Market” or rising valuations. Instead, the above factors may be an ingredient to:
- Increased market volatility.
- Increasing economic uncertainty and cautiousness in the C-suite.
- An irregular period of growth.
- Lower price-earnings ratios.
- More social unrest.
The U.S. economy and our financial markets now face a crossroad – they are once again decoupling. The test of economic aspiration and market optimism will come in the years ahead.”
Navigating The Risk
Whenever I write an article that discusses a “bearish view” on the financial markets, readers construe it to mean I am sitting in cash, or short the “bull market.”
Nothing could be further from the truth. As stated over the last few weeks, we are currently “uncomfortably long” the market on our portfolios’ equity side. While we continue to hedge our risks to some degree through our bond, gold, and cash holdings, we are still well exposed to potential downside risks.
Having a thorough understanding of the “risk” is to have better control over long-term outcomes. While it is essential to make money while markets are rising, it is even more critical to control the losses. Spending a bulk of your time getting “back to even” is not a long-term investment strategy.
In January and February of this year, we discussed taking profits in stocks like AAPL, MSFT, AMZN, and others. The reason was not some prediction about the impact of the virus, but rather the gross deviation and extension of these positions from long-term means.
That risk reduction benefited us much when the crash came in March.
On Wednesday, we took profits in AAPL, MSFT, NFLX, and AMZN. (Taking profits does not mean we sold the entire position.)
I don’t know what might cause the next correction, or if there will even be one. But what I do know is that when stocks are this extended, overbought, and deviated above long-term means, bad things tend to happen.
- Post #8,720
- Quote
- Edited 10:58am Jul 11, 2020 10:40am | Edited 10:58am
- | Commercial Member | Joined Dec 2014 | 11,609 Posts
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You Are Now Leaving FantasyLand: The Losses Will Be Taken By Somebody
July 9, 2020
As the inverted pyramid collapses, the effects will be non-linear.
Round about late March, we entered a Financial FantasyLand in which all the sins and excesses of rampant financialization were going to be painlessly washed away. Never mind the entire U.S. economy is an inverted pyramid of balance-sheet "value" and debt resting on a shrinking foundation of collateral; everyone would be made whole in the Federal Reserve's Financial FantasyLand.
You are now leaving FantasyLand: trillions of dollars of phantom value have already vanished, and these catastrophic losses will be taken by somebody. The question is: who will get the concrete overshoes? Whose balance sheets will collapse to negative numbers, erasing all their phantom wealth?
Everyone was delighted to suspend reality and entertain the fantasy that there was a cost-free way to bail out financialization's greed-soaked sinners: The Fed will simply print as many trillions as needed to make everyone whole. Since it doesn't cost the Fed anything to digitally print endless trillions, this "solution" is completely, totally free.
What an amazing moment of grace: all our sins washed away in a rising river of Fed-printed money. With endless trillions available, everyone can get bailed out forever. Collateral, actual earnings and profits, none of that matters. The Fed's grace is godlike in its infinite expansion.
This escape from karma, consequence and divine retribution was as temporal as the ride through FantasyLand. The wheel of karma has turned, The Tao is reversing, the banquet of asymmetric, non-linear consequences has been served and the Fed's godlike powers will be revealed to be as delusional as the "value" and "wealth" that's piled up in the balance sheets of the top 0.1%.
For there actually is a cost to digitally printing trillions to bail out all the predatory parasites of financialization. Put simply, every dollar that's digitally printed that isn't matched by an increase in the productive capacity of the economy, i.e. the means to generate goods and services with less capital and fewer hours of labor, is nothing but a hidden reduction in the purchasing power of every existing dollar.
The idea that the Fed or Treasury can print endless trillions and there will never be any consequence of this fraud is nothing more than a compelling Cargo Cult superstition. Just as South Pacific Cargo Cults painted radio dials on rocks to communicate their desire for the return of Uncle Sam's shiploads of freebies, the "we can print our way out of any problem" cargo cult paints low inflation numbers and arcane equations on rocks and declares the magic will work: the Fed/Treasury can print as many trillions as we need to bail out every greed-soaked sinner, and there will never be any consequences--never ever, because the painted rocks have magical powers.
Now that we're leaving Financial FantasyLand, a very hard lesson about non-linearity is about to be learned. In addition to the "we can wash away every sin with endless trillions" fantasy, there's the fantasy of linearity in non-linear, fragile systems.
The fantasy of linearity holds that a 10% decline in revenues, profits, rents collected, etc. will only cause a 10% decline in isolated parts of the economy. The believers in the fantasy acknowledge that the 10% decline will hurt, but only a bit, and soon Mommy and Daddy (Treasury and Fed) will apply the Band-Aid and it will all go away.
As the inverted pyramid collapses, the effects will be non-linear: a 10% decline may trigger dominoes that end up generating an 90% decline in "value" and "wealth" because the collapse of collateral to a non-fantasy valuation will implode all the phantom valuations piled on steadily more fragile and fantastic layers of phantom "capital."
The fantasy of the Neofeudal Aristocracy is that the losses can be painlessly transferred to the debt-serfs and taxpaying peasantry. Mommy and Daddy (Treasury and Fed) will load future generations of debt-serfs and taxpaying peasantry with the losses and the political-financial Nobility will have their fortunes preserved. Gee, thanks, Mommy and Daddy! You're swell!
The Neofeudal Aristocracy overlooks one terribly inconvenient fact: the debt-serfs and peasantry own next to nothing. The non-linear collapse of phantom capital will have asymmetric consequences: all the "assets" most likely to go to zero are owned not by the peasantry but by the Neofeudal Aristocracy.
Now that we're exiting Financial FantasyLand, reality will intrude. The Fed is not godlike and the sins of predatory, parasitic, exploitive financialization will be paid in full measure. The hubris-drenched punditry and Neofeudal Aristocracy who mock the notion that there was anything beyond the command of their conjured trillions will discover that The way of the Tao is reversal, and their child-like faith in their own perverse powers to shape the world to their liking will be destroyed along with their phantom wealth.
https://www.oftwominds.com/photos2019/cartoon-value.jpg
If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.
Though we may not be politically powerful, we are far from powerless. This book will help you identify the things that truly matter, and accumulate capital that benefits you and your family--and our planet.
Read the first section for free in PDF format.
Will You Be Richer or Poorer?: Profit, Power and A.I. in a Traumatized World (15% discount in October, Kindle $5.95, print $10.95)
Recent entries:
You Are Now Leaving FantasyLand: The Losses Will Be Taken By Somebody July 9, 2020
The American Economy in Four Words: Neofeudal Extortion, Decline, Collapse July 8, 2020
What Will Be the Most Desirable Status Symbols in the Greater Depression? July 7, 2020
What Makes You Think the Stock Market Will Even Exist in 2024? July 6, 2020
How We Got Here: the Global Economy's 75-Year Stumble to the Precipice July 4, 2020
Dancing Through the Geopolitical Minefield July 2, 2020
An Interesting Juncture in History July 1, 2020
January 2020 entries February 2020 entries March 2020 entries April 2020 entries May 2020 entries May 2020 entries
Archives 2005-2019
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Musings My Books Archives Books/Films
You Are Now Leaving FantasyLand: The Losses Will Be Taken By Somebody
July 9, 2020
As the inverted pyramid collapses, the effects will be non-linear.
Round about late March, we entered a Financial FantasyLand in which all the sins and excesses of rampant financialization were going to be painlessly washed away. Never mind the entire U.S. economy is an inverted pyramid of balance-sheet "value" and debt resting on a shrinking foundation of collateral; everyone would be made whole in the Federal Reserve's Financial FantasyLand.
You are now leaving FantasyLand: trillions of dollars of phantom value have already vanished, and these catastrophic losses will be taken by somebody. The question is: who will get the concrete overshoes? Whose balance sheets will collapse to negative numbers, erasing all their phantom wealth?
Everyone was delighted to suspend reality and entertain the fantasy that there was a cost-free way to bail out financialization's greed-soaked sinners: The Fed will simply print as many trillions as needed to make everyone whole. Since it doesn't cost the Fed anything to digitally print endless trillions, this "solution" is completely, totally free.
What an amazing moment of grace: all our sins washed away in a rising river of Fed-printed money. With endless trillions available, everyone can get bailed out forever. Collateral, actual earnings and profits, none of that matters. The Fed's grace is godlike in its infinite expansion.
This escape from karma, consequence and divine retribution was as temporal as the ride through FantasyLand. The wheel of karma has turned, The Tao is reversing, the banquet of asymmetric, non-linear consequences has been served and the Fed's godlike powers will be revealed to be as delusional as the "value" and "wealth" that's piled up in the balance sheets of the top 0.1%.
For there actually is a cost to digitally printing trillions to bail out all the predatory parasites of financialization. Put simply, every dollar that's digitally printed that isn't matched by an increase in the productive capacity of the economy, i.e. the means to generate goods and services with less capital and fewer hours of labor, is nothing but a hidden reduction in the purchasing power of every existing dollar.
The idea that the Fed or Treasury can print endless trillions and there will never be any consequence of this fraud is nothing more than a compelling Cargo Cult superstition. Just as South Pacific Cargo Cults painted radio dials on rocks to communicate their desire for the return of Uncle Sam's shiploads of freebies, the "we can print our way out of any problem" cargo cult paints low inflation numbers and arcane equations on rocks and declares the magic will work: the Fed/Treasury can print as many trillions as we need to bail out every greed-soaked sinner, and there will never be any consequences--never ever, because the painted rocks have magical powers.
Now that we're leaving Financial FantasyLand, a very hard lesson about non-linearity is about to be learned. In addition to the "we can wash away every sin with endless trillions" fantasy, there's the fantasy of linearity in non-linear, fragile systems.
The fantasy of linearity holds that a 10% decline in revenues, profits, rents collected, etc. will only cause a 10% decline in isolated parts of the economy. The believers in the fantasy acknowledge that the 10% decline will hurt, but only a bit, and soon Mommy and Daddy (Treasury and Fed) will apply the Band-Aid and it will all go away.
As the inverted pyramid collapses, the effects will be non-linear: a 10% decline may trigger dominoes that end up generating an 90% decline in "value" and "wealth" because the collapse of collateral to a non-fantasy valuation will implode all the phantom valuations piled on steadily more fragile and fantastic layers of phantom "capital."
The fantasy of the Neofeudal Aristocracy is that the losses can be painlessly transferred to the debt-serfs and taxpaying peasantry. Mommy and Daddy (Treasury and Fed) will load future generations of debt-serfs and taxpaying peasantry with the losses and the political-financial Nobility will have their fortunes preserved. Gee, thanks, Mommy and Daddy! You're swell!
The Neofeudal Aristocracy overlooks one terribly inconvenient fact: the debt-serfs and peasantry own next to nothing. The non-linear collapse of phantom capital will have asymmetric consequences: all the "assets" most likely to go to zero are owned not by the peasantry but by the Neofeudal Aristocracy.
Now that we're exiting Financial FantasyLand, reality will intrude. The Fed is not godlike and the sins of predatory, parasitic, exploitive financialization will be paid in full measure. The hubris-drenched punditry and Neofeudal Aristocracy who mock the notion that there was anything beyond the command of their conjured trillions will discover that The way of the Tao is reversal, and their child-like faith in their own perverse powers to shape the world to their liking will be destroyed along with their phantom wealth.
https://www.oftwominds.com/photos2019/cartoon-value.jpg
If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.
Though we may not be politically powerful, we are far from powerless. This book will help you identify the things that truly matter, and accumulate capital that benefits you and your family--and our planet.
Read the first section for free in PDF format.
Will You Be Richer or Poorer?: Profit, Power and A.I. in a Traumatized World (15% discount in October, Kindle $5.95, print $10.95)
Recent entries:
You Are Now Leaving FantasyLand: The Losses Will Be Taken By Somebody July 9, 2020
The American Economy in Four Words: Neofeudal Extortion, Decline, Collapse July 8, 2020
What Will Be the Most Desirable Status Symbols in the Greater Depression? July 7, 2020
What Makes You Think the Stock Market Will Even Exist in 2024? July 6, 2020
How We Got Here: the Global Economy's 75-Year Stumble to the Precipice July 4, 2020
Dancing Through the Geopolitical Minefield July 2, 2020
An Interesting Juncture in History July 1, 2020
January 2020 entries February 2020 entries March 2020 entries April 2020 entries May 2020 entries May 2020 entries
Archives 2005-2019