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- #9,403
- Edited 11:01am Jan 27, 2021 8:02am | Edited 11:01am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
Disliked{quote} Your Risk & Reward 1 : 1, meaning you would bear loss for$1000, and also Profit for$1000., Correct ?Ignored
Just focus in your trading and the profits will take care of themselves.
Bruce
- #9,404
- Jan 27, 2021 8:54am Jan 27, 2021 8:54am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
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- #9,405
- Jan 27, 2021 10:14am Jan 27, 2021 10:14am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
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- #9,406
- Jan 27, 2021 2:31pm Jan 27, 2021 2:31pm
- | Commercial User | Joined Dec 2014 | 14,164 Posts
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- #9,407
- Jan 27, 2021 2:35pm Jan 27, 2021 2:35pm
- | Commercial User | Joined Dec 2014 | 14,164 Posts
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Disliked{quote} There is no set way to know other than the general rule. The TREND IS DOWN SO DO NOT TRADE AGAINST THE TREND !!! So, if we see that we have RISK OFF and both the DOW 30 and the SP500 are heading down that is RISK OFF and we can trade SHORT. If the markets are RISK ON and we see that then we do not trade unless something happens to make it RISK OFF. I think that I answered your question. If still not clear just watch my Forex trades during the day !!! BruceIgnored
loveandpeace
- #9,409
- Jan 27, 2021 6:15pm Jan 27, 2021 6:15pm
- | Commercial User | Joined Dec 2014 | 14,164 Posts
Disliked{quote} According to the last para, how would I watch your Forex trades, please advise. Thanks loveandpeaceIgnored
Take care...
Bruce
- #9,411
- Jan 28, 2021 3:07am Jan 28, 2021 3:07am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
https://www.lewrockwell.com/2021/01/...an-revolution/
Since January 6, Our Rulers and their partners in the corporate media have tirelessly exploited the Patriots’ rally in DC. Indeed, between them, these twin evils have refined the “false flag”—and the slaughter those fakes require—into oblivion. Hereafter, the propagandists at CNN, ABC-NBC-CBS, Bloomberg, Fox News, et al, need no actual event. Their treatment of January 6th proves that if they only lie, fabricate, mislead, exaggerate, quote sources stunningly biased in favor of officialdom, and pooh-pooh as baseless all facts that contradict their falsehoods, they can fool half the country. But then, Progressives are a notoriously gullible herd: they swallow Marxism’s nonsense, so why not the government-media complex’s?
And that complex has dished up a heaping helping of absurdities the last three weeks. It’s spun the groundswell of outrage at an obviously stolen election into a “riot,” a plot to kill congresscritters, an “insurrection … linked to the deaths of five people” (intriguingly, the propagandists seldom mention that 3 of those fatalities resulted from “medical emergencies,” while trigger-happy cops slaughtered the fourth), and a demonstration of strength from “white-supremacists.” The demonic duo has zealously ginned up hysteria over the alleged assault on the Holy Capitol and its totalitarians.
Naturally, Leviathan craves vengeance on the “rioters”; the beast is nothing if not vindictive. And so the Gestapo–sorry, FBI is rounding up any Patriot who naively Tweeted, snapped a selfie, or otherwise proved his presence in or near the Holiest of Holies.
One such political prisoner, who’s among “the first to face conspiracy charges, some of the most severe charges so far for those who breached the Capitol,” hails from the idyllic village of Woodstock, Ohio. There she and her fiance own and run the Jolly Roger Bar. Our heroine is 38 years old, a veteran of the military, and the sort of capable, sensible, and principled woman everyone wants as a friend or neighbor. Her name is Jessica Watkins.
How capable and principled is she? Well, “in late 2019,” Ms. Watkins “set up a small self-styled militia her boyfriend says she created to help neighbors if tornadoes hit.” Since then, “the ‘Ohio State Regular Militia’ has patrolled 12 protests in total to ‘protect people’ and treat injuries to Black Lives Matter activists or MAGA types alike, [Ms. Watkins] said. … When Louisville[, Kentucky] responded in outcry after a grand jury failed to indict any officers in the death of Breonna Taylor [sic for ‘When riots rocked Louisville’], OSRM was there, as they were for protests [sic for ‘riots’] in Cleveland, Columbus and Pickerington as well as a ‘MAGA Caravan’ in Champaign County. …”
Jessica Watkins and OSRM headed to Mordor earlier this month as did a million or more other Patriots. And she was near enough to the Capitol to enter with the crowd. “She described the scene inside the building as ‘patriotic’ and rife with ‘USA! USA!’ chants until it devolved into carnage and chaos.
‘To me, it was the most beautiful thing I ever saw until we started hearing glass smash,’ she said. ‘That’s when we knew things had gotten really bad.’
“She had a mixed take on events. She said it was a peaceful protest that turned violent. Antifa perhaps infiltrated the crowd to agitate the mob, she claimed without evidence.” Yeah, right: no evidence at all.
Jessica also “dismissed characterizations of the riots [sic] as insurrectionist or violent as media spin.” Told you the lady is sensible. “She said she and several other militia members who she entered the complex with saw the invaders marveling at the art and architecture of the Capitol like tourists. …
“The police, she said, sent mixed signals. Inside the Capitol, she said she personally witnessed them offering directions to the invaders and giving no warning signs of improper conduct.”
Your Intrepid Reporter has explored innumerable historic homes and “national monuments,” including such “working” ones as Faneuil Hall in Boston. Without guidance, it’s easy to stray into prohibited areas—particularly when cops are motioning to and opening gates for visitors to entrap them.
No wonder Ms. Watkins insists, “I didn’t commit a crime. I didn’t destroy anything. I didn’t wreck anything. If they want to charge me, that’s fine…”
She also testified on social media, “We never smashed anything, stole anything, burned anything, and truthfully we were very respectful with Capitol Hill PD until they attacked us … Then we stood our ground and drew the line.”
The FBI considers that statement incriminating. Yep: that’s the weakness of their case against this Patriot. And who wouldn’t have reacted as she did? There you are, entering the Capitol at officers’ behest, gawking at the luxury your taxes buy in a site open to tourists—when suddenly, the welcoming cops turn hostile. Do you hold your position, especially when you’ve done nothing wrong? Or do you bolt like a rabbit?
While cops assaulted Ms. Watkins and her fellow Patriots, Seniles and Reprehensibles in their respective chambers either fled or dove for the floor in fear for their worthless hides. And therein lies the Patriots’ “crime”: they showed Our Rulers for the gutless wonders that they are. No pomp and pageantry here, just cowering curs terrified they’ll finally meet with the horsewhipping they so entirely deserve. These wusses became global laughingstocks as pictures of their humiliation sped around the world.
Ought we to marvel, then, that “FBI agents turned up early one morning [sic, no doubt, for the middle of the night] to arrest [Ms. Watkins] for her alleged role in the January 6 insurrection [sic]. ‘We could hear so many sirens. And then we heard them yelling for her to come downstairs with her hands up and she did not,’ said Emma Dixon, who witnessed the pre-dawn [I’m right again!] raid from a home across the street. …”
Ms. Watkins didn’t come down because she “was not there. Her boyfriend, Montana Siniff was. He told CNN disorientating flash-bangs were used. A window was broken. It remained that way days later. …” I’ll bet the Feds never do pay for the damage.
Convinced that she had prevented, not committed, crimes, Ms. Watkins turned herself in. She now molders in the Montgomery County Jail near Dayton, Ohio, 50 miles from her home. Her betrothed, Montana Siniff, who describes himself as “an avid lewrockwell reader,” tells me that Jessica “is in solitary right now (for ‘safety’) …”
Of course. Because a woman who challenged the State is in mortal danger from inmates that State cages.
Mr. Siniff continues: “…they are denying Jess medical attention (a simple splint for an arm that was broken before the 6th), laundry, and recreational time because of ‘non-compliance’” with orders she couldn’t hear thanks to “faulty electronic equipment…”
The Montgomery County Jail confines another member of the Ohio State Regular Militia in solitary, too, on the same bogus charges as Jessica. Mr. Siniff reports that while he hasn’t yet spoken with his friend, Donovan Crowl, “from what he has written he is getting similar treatment. [He and Ms. Watkins] are both only ever allowed out for their phone call after 10 PM, whilst [authorities tell] them a lawyer needs to contact them, not the other way around.” To that end, Mr. Siniff has “set up rallypay accounts for their legal defense and bail:
Jessica’s — https://rallypay.com/covers/dVghrhE46yo/contribute
Donovan’s — https://rallypay.com/covers/2deLdmNMLDo/contribute
He’s also “talking to [an attorney] that was recommended to me … to see about setting up a meeting; you’d think the domestic terrorism bill has done been passed and implemented. Murderers and rapists get rec time, people who didn’t kill anyone but supported the ‘wrong guy’ get torture.”
Precisely the sort of Marxist dystopia Jessica Watkins, Donovan Crowl, and fellow Patriots were trying to prevent.
Historians may one day point to the rally of January 6 as the spark that ignited the Second American Revolution, just as Lexington and Concord did the first. Alas, Leviathan seems to have triumphed for now: not only does the government’s false narrative prevail, but its forces have also captured “more than 140” Patriots like Jessica Watkins and Donovan Crowl. These brave souls await trial in corrupt courts that thumbed their noses at President Trump’s overwhelming evidence, let alone that of “throwaway” Deplorables.
But eventually, Our Rulers will provoke more battles, just as the British Redcoats did. Please God, we’ll have learned enough from our mistakes by then to win the war.
Since January 6, Our Rulers and their partners in the corporate media have tirelessly exploited the Patriots’ rally in DC. Indeed, between them, these twin evils have refined the “false flag”—and the slaughter those fakes require—into oblivion. Hereafter, the propagandists at CNN, ABC-NBC-CBS, Bloomberg, Fox News, et al, need no actual event. Their treatment of January 6th proves that if they only lie, fabricate, mislead, exaggerate, quote sources stunningly biased in favor of officialdom, and pooh-pooh as baseless all facts that contradict their falsehoods, they can fool half the country. But then, Progressives are a notoriously gullible herd: they swallow Marxism’s nonsense, so why not the government-media complex’s?
And that complex has dished up a heaping helping of absurdities the last three weeks. It’s spun the groundswell of outrage at an obviously stolen election into a “riot,” a plot to kill congresscritters, an “insurrection … linked to the deaths of five people” (intriguingly, the propagandists seldom mention that 3 of those fatalities resulted from “medical emergencies,” while trigger-happy cops slaughtered the fourth), and a demonstration of strength from “white-supremacists.” The demonic duo has zealously ginned up hysteria over the alleged assault on the Holy Capitol and its totalitarians.
Naturally, Leviathan craves vengeance on the “rioters”; the beast is nothing if not vindictive. And so the Gestapo–sorry, FBI is rounding up any Patriot who naively Tweeted, snapped a selfie, or otherwise proved his presence in or near the Holiest of Holies.
One such political prisoner, who’s among “the first to face conspiracy charges, some of the most severe charges so far for those who breached the Capitol,” hails from the idyllic village of Woodstock, Ohio. There she and her fiance own and run the Jolly Roger Bar. Our heroine is 38 years old, a veteran of the military, and the sort of capable, sensible, and principled woman everyone wants as a friend or neighbor. Her name is Jessica Watkins.
How capable and principled is she? Well, “in late 2019,” Ms. Watkins “set up a small self-styled militia her boyfriend says she created to help neighbors if tornadoes hit.” Since then, “the ‘Ohio State Regular Militia’ has patrolled 12 protests in total to ‘protect people’ and treat injuries to Black Lives Matter activists or MAGA types alike, [Ms. Watkins] said. … When Louisville[, Kentucky] responded in outcry after a grand jury failed to indict any officers in the death of Breonna Taylor [sic for ‘When riots rocked Louisville’], OSRM was there, as they were for protests [sic for ‘riots’] in Cleveland, Columbus and Pickerington as well as a ‘MAGA Caravan’ in Champaign County. …”
Jessica Watkins and OSRM headed to Mordor earlier this month as did a million or more other Patriots. And she was near enough to the Capitol to enter with the crowd. “She described the scene inside the building as ‘patriotic’ and rife with ‘USA! USA!’ chants until it devolved into carnage and chaos.
‘To me, it was the most beautiful thing I ever saw until we started hearing glass smash,’ she said. ‘That’s when we knew things had gotten really bad.’
“She had a mixed take on events. She said it was a peaceful protest that turned violent. Antifa perhaps infiltrated the crowd to agitate the mob, she claimed without evidence.” Yeah, right: no evidence at all.
Jessica also “dismissed characterizations of the riots [sic] as insurrectionist or violent as media spin.” Told you the lady is sensible. “She said she and several other militia members who she entered the complex with saw the invaders marveling at the art and architecture of the Capitol like tourists. …
“The police, she said, sent mixed signals. Inside the Capitol, she said she personally witnessed them offering directions to the invaders and giving no warning signs of improper conduct.”
Your Intrepid Reporter has explored innumerable historic homes and “national monuments,” including such “working” ones as Faneuil Hall in Boston. Without guidance, it’s easy to stray into prohibited areas—particularly when cops are motioning to and opening gates for visitors to entrap them.
No wonder Ms. Watkins insists, “I didn’t commit a crime. I didn’t destroy anything. I didn’t wreck anything. If they want to charge me, that’s fine…”
She also testified on social media, “We never smashed anything, stole anything, burned anything, and truthfully we were very respectful with Capitol Hill PD until they attacked us … Then we stood our ground and drew the line.”
The FBI considers that statement incriminating. Yep: that’s the weakness of their case against this Patriot. And who wouldn’t have reacted as she did? There you are, entering the Capitol at officers’ behest, gawking at the luxury your taxes buy in a site open to tourists—when suddenly, the welcoming cops turn hostile. Do you hold your position, especially when you’ve done nothing wrong? Or do you bolt like a rabbit?
While cops assaulted Ms. Watkins and her fellow Patriots, Seniles and Reprehensibles in their respective chambers either fled or dove for the floor in fear for their worthless hides. And therein lies the Patriots’ “crime”: they showed Our Rulers for the gutless wonders that they are. No pomp and pageantry here, just cowering curs terrified they’ll finally meet with the horsewhipping they so entirely deserve. These wusses became global laughingstocks as pictures of their humiliation sped around the world.
Ought we to marvel, then, that “FBI agents turned up early one morning [sic, no doubt, for the middle of the night] to arrest [Ms. Watkins] for her alleged role in the January 6 insurrection [sic]. ‘We could hear so many sirens. And then we heard them yelling for her to come downstairs with her hands up and she did not,’ said Emma Dixon, who witnessed the pre-dawn [I’m right again!] raid from a home across the street. …”
Ms. Watkins didn’t come down because she “was not there. Her boyfriend, Montana Siniff was. He told CNN disorientating flash-bangs were used. A window was broken. It remained that way days later. …” I’ll bet the Feds never do pay for the damage.
Convinced that she had prevented, not committed, crimes, Ms. Watkins turned herself in. She now molders in the Montgomery County Jail near Dayton, Ohio, 50 miles from her home. Her betrothed, Montana Siniff, who describes himself as “an avid lewrockwell reader,” tells me that Jessica “is in solitary right now (for ‘safety’) …”
Of course. Because a woman who challenged the State is in mortal danger from inmates that State cages.
Mr. Siniff continues: “…they are denying Jess medical attention (a simple splint for an arm that was broken before the 6th), laundry, and recreational time because of ‘non-compliance’” with orders she couldn’t hear thanks to “faulty electronic equipment…”
The Montgomery County Jail confines another member of the Ohio State Regular Militia in solitary, too, on the same bogus charges as Jessica. Mr. Siniff reports that while he hasn’t yet spoken with his friend, Donovan Crowl, “from what he has written he is getting similar treatment. [He and Ms. Watkins] are both only ever allowed out for their phone call after 10 PM, whilst [authorities tell] them a lawyer needs to contact them, not the other way around.” To that end, Mr. Siniff has “set up rallypay accounts for their legal defense and bail:
Jessica’s — https://rallypay.com/covers/dVghrhE46yo/contribute
Donovan’s — https://rallypay.com/covers/2deLdmNMLDo/contribute
He’s also “talking to [an attorney] that was recommended to me … to see about setting up a meeting; you’d think the domestic terrorism bill has done been passed and implemented. Murderers and rapists get rec time, people who didn’t kill anyone but supported the ‘wrong guy’ get torture.”
Precisely the sort of Marxist dystopia Jessica Watkins, Donovan Crowl, and fellow Patriots were trying to prevent.
Historians may one day point to the rally of January 6 as the spark that ignited the Second American Revolution, just as Lexington and Concord did the first. Alas, Leviathan seems to have triumphed for now: not only does the government’s false narrative prevail, but its forces have also captured “more than 140” Patriots like Jessica Watkins and Donovan Crowl. These brave souls await trial in corrupt courts that thumbed their noses at President Trump’s overwhelming evidence, let alone that of “throwaway” Deplorables.
But eventually, Our Rulers will provoke more battles, just as the British Redcoats did. Please God, we’ll have learned enough from our mistakes by then to win the war.
- #9,412
- Jan 28, 2021 3:25am Jan 28, 2021 3:25am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
DislikedOn which post# you shared your SCREEN shots last time?? May be I missed them., Last time you shared AWaheed & my account screen shots. What's your Account number?? Please advise. ThanksIgnored
Please give me a call at 514 247 0775 so that we can discuss your questions and other things. Call me after 10 AM on Thursday.
Bruce
- #9,413
- Edited 3:39am Jan 28, 2021 3:28am | Edited 3:39am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
Attached Image (click to enlarge)
Good morning, loveandpeace
This is the account that I am trading for Unicorn11. Please go back and look at my SCREENSHOTS.
This account was opened 2 weeks ago on January 14, 2021 and I have made 14 Forex trades all wins and an average of 1 trade a day.
The locked in profits are now $9,333.26 US Dollars. Over 18% profits in 2 weeks. My method of Forex trading developed over 18 years with real funds works better than any other method that I am aware of because of my unique method of Forex trading.
You have been overtrading and you have not been allowing your profits to run. In other words you have been scalping. That is not my method. Please call me so we can discuss this and other matters.
Bruce
- #9,414
- Jan 28, 2021 8:35am Jan 28, 2021 8:35am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
Attached Image (click to enlarge)
- #9,415
- Jan 28, 2021 8:44am Jan 28, 2021 8:44am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
15 Perfect Forex Trades. 13 Short 100 units of US30 and 2 Long 100 ounces of Gold.
The profit for the last two Gold trades done is $2,135.78 US Dollars and the Net Profit in two weeks is $11,037.81 US Dollars.
That is a return on investment of over 22% in two weeks of Forex trading.
Please post your feedback.
Bruce
- #9,416
- Edited 4:51am Jan 29, 2021 1:03am | Edited 4:51am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
https://www.zerohedge.com/geopolitic...ops+to+zero%29
Quinn: The Fourth Turning Detonation, Part 2
https://zh-prod-1cc738ca-7d3b-4a72-b.../picture-5.jpg
BY TYLER DURDEN
THURSDAY, JAN 28, 2021 - 22:10
Authored by Jim Quinn via The Burning Platform blog,
In Part One of this article, I discussed the dramatic events that shaped 2020 and will continue to have a major influence on the direction of this Fourth Turning moving forward. The immense power of Mordor on the Potomac seems to be unassailable, but the little people still have a chance if they utilize their skills and intelligence to the utmost.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=ze5AE0dU
Now that Trump has been defeated and cast into oblivion by the forces of Mordor on the Potomac, those who have some knowledge about generational theory and the course of previous Fourth Turnings have lamented Trump is not the Grey Champion and they were misled by believing he was their hero. How could he be the Grey Champion if he lost? I do not profess to be an expert, as I am just trying to understand the underlying forces driving this Fourth Turning towards its climax, but losing a battle in a long war does not disqualify Trump as a Grey Champion. The Grey Champion character was born from the writings of Nathaniel Hawthorne.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=1jOctCly
“Who is this gray patriarch? His hour is one of darkness, and adversity, and peril. That stately form, combining the leader and the saint…could only belong to some old champion of the righteous cause, whom the oppressor’s drum had summoned from his grave.” – Nathaniel Hawthorne
There is not just one Grey Champion during a Fourth Turning, and their participation is generally as a lightening rod for change or the inspiration for younger generations to mobilize and fight the battles which ultimately decide the fate of nations and empires. Samuel Adams and Ben Franklin were Grey Champions during the American Revolution Fourth Turning. Their fiery rhetoric and ability to guide the younger firebrands were their contributions to the cause.
Both Abe Lincoln and Jeff Davis were Grey Champions during the Civil War. One was assassinated before the conclusion of the war and the other was on the losing side, spending a couple years in a Federal prison after the war. FDR, Churchill, and Stalin were all Grey Champions during the World War II Fourth Turning. FDR died before the conclusion of the war and Congress implemented a two-term limit because he had become too powerful. Churchill was on the winning side, but the British empire disintegrated during his reign. Stalin, who had already murdered millions of his own people, presided over a despotic regime and immediately became the enemy of his former allies.
Anyone with a true grasp of history would acknowledge all these men had significant personality faults, huge egos, a determination to win by any means necessary (including breaking the law and flaunting the Constitution), and ability to mobilize forces to accomplish their goals. As we are in the thirteenth year of this Fourth Turning and Grey Champions always arise in the earlier stages, there is no doubt Trump was and still is one of the Grey Champions driving this ongoing Crisis towards its bloody climax.
He still has 75 million or so followers, with many of them motivated to go wherever he leads. Does this mean a new party which would destroy the Uni-party Republican/Democrat control over our government? Does it mean taking to the streets and confronting the BLM and ANTIFA domestic terrorists in armed combat? Or will he be convicted by the Senate, thrown in jail, and financially ruined by his failed attempt to defeat the Deep State – possibly spurring his followers to become radicalized – matching the narrative being pushed by the authoritarian leftist regime now in office?
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=s_0mkS0C
Those who put their faith in Trump are currently in disarray. Some feel betrayed. Others are depressed. Some are just disappointed he was unable to drain the swamp. They believe he just was not up to the task. Some think he was installed by the Deep State to lure a segment of the country into revealing their allegiances so they can be de-programmed and/or forced to grovel for forgiveness by pledging allegiance to the permanent party run by authoritarian billionaire oligarchs.
The accusations and recriminations within the Republican party will surely tear it apart, especially if GOP Senators join Schumer and McConnell in convicting Trump of creating an insurrection. Of course, there are still diehard believers this is just part of the plan and Trump will emerge victorious over senile Joe and his Deep State handlers. Others hope he will run again in 2024, vanquishing his foes and once again making America great again again. It is unlikely that someone with Trump’s ego and desire for attention will just fade into the sunset. He will continue to be a lightning rod, impacting the future course of this Fourth Turning, as one of the Grey Champions.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=zYuKGRz_
As I survey the landscape there are a few other major players who also fit the Grey Champion prophet archetype and will certainly play a key role in the forthcoming climactic scenes of this Fourth Turning. On the domestic front Bill Gates has emerged from the shadows during this scamdemic, using his immense wealth and power to push for global vaccinations with experimental DNA altering formulas never used on human beings before. His agenda coincides with Klaus Schwab’s Great Reset new world order.
The Clintons are both Boomers who have functioned as the Jeff Davis to Trump over the last four years, participating and leading the Deep State coup by pushing the Russiagate fabrications to distract from their traitorous criminal acts. Crooked Hillary is ecstatic over deposing Trump and now is leading the effort to bury him. At this stage of the Fourth Turning, it appears Gates and the Clintons are winning, as they have the complete backing of the Deep State, Silicon Valley billionaire tyrants, and the globalist billionaires like Soros.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=KOCWAzSn
The two Grey Champions who will most certainly play a part in the second half of this Fourth Turning, when blood is likely to be shed in vast quantities, are Vlad Putin and Xi Jinping. These ruthless dictators have no fear of losing an election or having to deal with a hostile media. The Deep State has been pushing conflict with Russia for Trump’s entire term and continue to push a nuclear power through NATO and vassals in the Middle East.
The intensifying engagements between China and Taiwan, with the U.S. sailing an aircraft carrier force into the South China Sea, and ongoing tensions over trade and spying, have ratcheted up the chances of armed conflict between these nuclear super-powers. Fourth Turnings always plunge into total war, with an inescapable conclusion as to who won and who lost. Defeat means total surrender. The only question is what Pearl Harbor or Fort Sumter moment kicks off the festivities in the foreseeable future.
Based on the first three weeks of this year and what appears to be on the short-term horizon, I am confident the term “detonation” will apply to this fateful year. The intensity level has already reached 10 but is headed up to 11.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=ztJ8v4G_
As Fourth Turnings go the 80-year cycle would certainly argue for substantial conflict to erupt in 2021.
In 1781, the Battle of Yorktown concluded with Cornwallis surrendering to General Washington and concluding the armed struggle of the American Revolution, insuring the birth of a new nation.
Exactly 80 years later in 1861, Southern states seceded from the Union and formed the Confederate States of America. Lincoln needed to sneak into Washington DC to avoid an assassination attempt in Baltimore. Fort Sumter was attacked and surrendered to Confederate forces. The First Battle of Bull Run resulted in a resounding Confederate victory and led Lincoln to institute a draft and an income tax. Over 600,000 men died in the next four years.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=0gxo_dLZ
Exactly 80 years later in 1941, while Hitler was riding roughshod across Europe and turning his attention towards Russia, the Japanese attacked Pearl Harbor after FDR cut off their oil supply to provoke an attack. Tens of millions died over the next four years. It is now exactly 80 years later. One must ponder what potential tragedy awaits our nation and the world?
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=nTmsol7O
With the elevation of a vacuous disorientated Trojan horse to the presidency, controlled by dark forces pulling the strings of their puppet, we are already experiencing many of the things Strauss and Howe warned about in their 1997 prophecy.
“Institutions will be increasingly bossy, limiting personal freedoms, chastising bad manners, and cleansing the culture. Powerful new civic organizations will make judgments about which individual rights deserve respect and which do not. Criminal justice will become swift and rough, trampling on some innocents to protect an endangered and desperate society from those feared to be guilty. Expect a loss of personal privacy. Fourth Turnings can be dark times for the free spirit: Just as one kind of official may have new authority to do something for you, another kind—some hastily deputized magistrate—may have new authority to do something to you.”
They were not predicting specifics but could decipher an outline of our future through the fog, by observing previous Fourth Turnings. The limitations of personal freedoms are being implemented by totalitarian politicians, with the Big-Tech surveillance censorship overlords used to enforce the directives of those running the show, while trampling on the 1st Amendment and the right of citizens to voice dissenting opinions. Those who have seized power are now criminalizing any view not fitting their approved narrative and painting all Trump supporters as white supremacists.
These threats of retribution, while concurrently peddling nonsense about national unity, have the potential to backfire and blow up in their faces. Instead of unity, the impeachment of a president no longer in office and attempts to provoke violence by Trump supporters in order to usher in the pre-written 20,000 page Domestic Terror Patriot Act 2.0 is pushing the country towards civil war. The misuse of justice and criminalizing the acts of those exercising their right to live their lives will ignite a firestorm threatening to spread across the nation, with unknown long-term consequences.
I will not pretend to know what comes next, but I am sure the three key factors driving this crisis since 2008: debt, civic decay, and global disorder will continue to coalesce into a lethal concoction, destined to sweep away the underpinnings of the American Empire, ushering in a new social order. I think the repressive measures being implemented by Pelosi, Schumer, despot Democrat governors, and government apparatchiks are a sign of weakness and fear. Their bluster, threats, fear mongering and denunciation of half the voters in the country, portray a precarious fragility, with a dangerous agenda built on a foundation of deception and delusion.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=_a2KYODW
A madness is gripping the nation, a dismal realization nothing is right. Everything has a chaotic feel, as financial markets surpass bubble territory into uncharted waters; politicians threaten and accuse each other of treasonous acts; government overreach and dysfunction is laid bare for all to see; the Deep State has been exposed as their coup to take down Trump required them to step out of the shadows; a manufactured race war led by BLM and ANTIFA useful idiots at the behest of Soros and his ilk continues to fester; Russia and China continue to undermine U.S. hegemony; and the global debt Ponzi scheme has entered its blow-off road to ruin phase.
The only thing keeping these financial markets at these outrageously elevated levels is an irrational level of misplaced trust in their puppet Powell and his feckless Fed cronies. When, not if, these markets begin to cascade downward and greed turns to fear, an implosion of institutional and societal trust will remove the final underpinnings of this unsustainable financial paradigm.
The Wall Street QE addicts and their captured central banker drug dealers were able to exploit the concocted “Covid Crisis” as cover for an already imploding financial system with the injection of $4 trillion of heroin into their veins and the assurance of trillions more. Anyone using reason and rational thought knows this debt solvency fantasy is destined for a disastrous denouement. If it happens in 2021, this year will surely go down in history.
This combustible amalgamation of unpayable debt, civic anarchy, and global chaos are poised to detonate in 2021, initiating a period of maximum darkness, death, destruction, and momentous choices. We are being propelled towards a climax which will mark the death of the old order and the birth of a new. The question is whether the new order will be better or worse for average Americans.
With the newly installed totalitarian regime in Washington DC, it appears they plan to implement full government control over every aspect of our lives, with the final eradication of the 1st, 2nd, and 4th Amendments as the stick and unlimited government checks as the carrot. Their classification and treatment of 75 million Americans as the enemy will accomplish the task of converting them into a real enemy.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=XyvJx2xq
There will be lone wolves who use violent means to fight back. Others will go Galt and starve the beast. Others may organize into like minded communities and dare the authorities to trample on their freedoms and liberties. It will be difficult to control 75 million angry, heavily armed, dis-enfranchised deplorables. The new regime is led by arrogant, hubristic, mediocre minded bureaucrats who are incapable of using anything but brutality to get there way.
Their grasp on power is fragile and a determined strategic minded resistance will hit them where they are weakest, sabotaging commerce, communications, the power grid, and their social media propaganda arm. At this point in 2021 it looks bleak for lovers of liberty, but the fight has just begun.
The coming deadly reckoning of this Fourth Turning will require tremendous courage, guile, personal sacrifice, dreadful alternatives, survival skills, intelligence, strategic thinking, and an audacity to win at all costs. Those still caught in the mindset of voting in good guys to change the outcome are delusional, as the outcome of this past election confirmed voting does not matter.
There are wealthy, powerful, sociopath, globalist oligarchs who constitute the real power in this world and unless they are confronted and defeated, the outcome of this Fourth Turning will result in a dark future for humanity and the final obliteration of our Constitution. There is no way to avoid the coming conflict. Sides must be chosen. You will not be able to sit this one out. They will come for you, whether you like it or not.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=r7j6lzYi
“If civic virtue is so frequently lost, it must be just as frequently regained. This is what happens in a Fourth Turning. While a Crisis mood renders societies newly desperate, it also renders them newly capable, which is why a saecular winter is to be welcomed as much as feared. As today’s Americans look ahead, the challenge is to marshal the coming season’s new public energies to achieve positive, not destructive ends. The better we ready ourselves collectively the more likely we will be not just to survive the Crisis but to apply its fury for good and humane purposes.” – Strauss & Howe – The Fourth Turning
Based upon history, the ultimate resolution will not be based on compromise, civility, persuasion, or nonviolent means. Our world will be shaken to its very foundation and transformed in unknowable ways over the next decade. Winter has arrived with a ferocity born of the deceptions of powerful men, and we will need to marshal all our strength and fortitude to survive the coming tempests. The fury of the Crisis will eventually exhaust itself and result in a positive or destructive aftermath. History offers no guidance or assurances as to the outcome. That will be entirely up to us. Godspeed and good luck.
* * *
The corrupt establishment will do anything to suppress sites like the Burning Platform from revealing the truth. The corporate media does this by demonetizing sites like mine by blackballing the site from advertising revenue. If you get value from this site, please keep it running with a donation.
Quinn: The Fourth Turning Detonation, Part 2
https://zh-prod-1cc738ca-7d3b-4a72-b.../picture-5.jpg
BY TYLER DURDEN
THURSDAY, JAN 28, 2021 - 22:10
Authored by Jim Quinn via The Burning Platform blog,
In Part One of this article, I discussed the dramatic events that shaped 2020 and will continue to have a major influence on the direction of this Fourth Turning moving forward. The immense power of Mordor on the Potomac seems to be unassailable, but the little people still have a chance if they utilize their skills and intelligence to the utmost.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=ze5AE0dU
Now that Trump has been defeated and cast into oblivion by the forces of Mordor on the Potomac, those who have some knowledge about generational theory and the course of previous Fourth Turnings have lamented Trump is not the Grey Champion and they were misled by believing he was their hero. How could he be the Grey Champion if he lost? I do not profess to be an expert, as I am just trying to understand the underlying forces driving this Fourth Turning towards its climax, but losing a battle in a long war does not disqualify Trump as a Grey Champion. The Grey Champion character was born from the writings of Nathaniel Hawthorne.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=1jOctCly
“Who is this gray patriarch? His hour is one of darkness, and adversity, and peril. That stately form, combining the leader and the saint…could only belong to some old champion of the righteous cause, whom the oppressor’s drum had summoned from his grave.” – Nathaniel Hawthorne
There is not just one Grey Champion during a Fourth Turning, and their participation is generally as a lightening rod for change or the inspiration for younger generations to mobilize and fight the battles which ultimately decide the fate of nations and empires. Samuel Adams and Ben Franklin were Grey Champions during the American Revolution Fourth Turning. Their fiery rhetoric and ability to guide the younger firebrands were their contributions to the cause.
Both Abe Lincoln and Jeff Davis were Grey Champions during the Civil War. One was assassinated before the conclusion of the war and the other was on the losing side, spending a couple years in a Federal prison after the war. FDR, Churchill, and Stalin were all Grey Champions during the World War II Fourth Turning. FDR died before the conclusion of the war and Congress implemented a two-term limit because he had become too powerful. Churchill was on the winning side, but the British empire disintegrated during his reign. Stalin, who had already murdered millions of his own people, presided over a despotic regime and immediately became the enemy of his former allies.
Anyone with a true grasp of history would acknowledge all these men had significant personality faults, huge egos, a determination to win by any means necessary (including breaking the law and flaunting the Constitution), and ability to mobilize forces to accomplish their goals. As we are in the thirteenth year of this Fourth Turning and Grey Champions always arise in the earlier stages, there is no doubt Trump was and still is one of the Grey Champions driving this ongoing Crisis towards its bloody climax.
He still has 75 million or so followers, with many of them motivated to go wherever he leads. Does this mean a new party which would destroy the Uni-party Republican/Democrat control over our government? Does it mean taking to the streets and confronting the BLM and ANTIFA domestic terrorists in armed combat? Or will he be convicted by the Senate, thrown in jail, and financially ruined by his failed attempt to defeat the Deep State – possibly spurring his followers to become radicalized – matching the narrative being pushed by the authoritarian leftist regime now in office?
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=s_0mkS0C
Those who put their faith in Trump are currently in disarray. Some feel betrayed. Others are depressed. Some are just disappointed he was unable to drain the swamp. They believe he just was not up to the task. Some think he was installed by the Deep State to lure a segment of the country into revealing their allegiances so they can be de-programmed and/or forced to grovel for forgiveness by pledging allegiance to the permanent party run by authoritarian billionaire oligarchs.
The accusations and recriminations within the Republican party will surely tear it apart, especially if GOP Senators join Schumer and McConnell in convicting Trump of creating an insurrection. Of course, there are still diehard believers this is just part of the plan and Trump will emerge victorious over senile Joe and his Deep State handlers. Others hope he will run again in 2024, vanquishing his foes and once again making America great again again. It is unlikely that someone with Trump’s ego and desire for attention will just fade into the sunset. He will continue to be a lightning rod, impacting the future course of this Fourth Turning, as one of the Grey Champions.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=zYuKGRz_
As I survey the landscape there are a few other major players who also fit the Grey Champion prophet archetype and will certainly play a key role in the forthcoming climactic scenes of this Fourth Turning. On the domestic front Bill Gates has emerged from the shadows during this scamdemic, using his immense wealth and power to push for global vaccinations with experimental DNA altering formulas never used on human beings before. His agenda coincides with Klaus Schwab’s Great Reset new world order.
The Clintons are both Boomers who have functioned as the Jeff Davis to Trump over the last four years, participating and leading the Deep State coup by pushing the Russiagate fabrications to distract from their traitorous criminal acts. Crooked Hillary is ecstatic over deposing Trump and now is leading the effort to bury him. At this stage of the Fourth Turning, it appears Gates and the Clintons are winning, as they have the complete backing of the Deep State, Silicon Valley billionaire tyrants, and the globalist billionaires like Soros.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=KOCWAzSn
The two Grey Champions who will most certainly play a part in the second half of this Fourth Turning, when blood is likely to be shed in vast quantities, are Vlad Putin and Xi Jinping. These ruthless dictators have no fear of losing an election or having to deal with a hostile media. The Deep State has been pushing conflict with Russia for Trump’s entire term and continue to push a nuclear power through NATO and vassals in the Middle East.
The intensifying engagements between China and Taiwan, with the U.S. sailing an aircraft carrier force into the South China Sea, and ongoing tensions over trade and spying, have ratcheted up the chances of armed conflict between these nuclear super-powers. Fourth Turnings always plunge into total war, with an inescapable conclusion as to who won and who lost. Defeat means total surrender. The only question is what Pearl Harbor or Fort Sumter moment kicks off the festivities in the foreseeable future.
Based on the first three weeks of this year and what appears to be on the short-term horizon, I am confident the term “detonation” will apply to this fateful year. The intensity level has already reached 10 but is headed up to 11.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=ztJ8v4G_
As Fourth Turnings go the 80-year cycle would certainly argue for substantial conflict to erupt in 2021.
In 1781, the Battle of Yorktown concluded with Cornwallis surrendering to General Washington and concluding the armed struggle of the American Revolution, insuring the birth of a new nation.
Exactly 80 years later in 1861, Southern states seceded from the Union and formed the Confederate States of America. Lincoln needed to sneak into Washington DC to avoid an assassination attempt in Baltimore. Fort Sumter was attacked and surrendered to Confederate forces. The First Battle of Bull Run resulted in a resounding Confederate victory and led Lincoln to institute a draft and an income tax. Over 600,000 men died in the next four years.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=0gxo_dLZ
Exactly 80 years later in 1941, while Hitler was riding roughshod across Europe and turning his attention towards Russia, the Japanese attacked Pearl Harbor after FDR cut off their oil supply to provoke an attack. Tens of millions died over the next four years. It is now exactly 80 years later. One must ponder what potential tragedy awaits our nation and the world?
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=nTmsol7O
With the elevation of a vacuous disorientated Trojan horse to the presidency, controlled by dark forces pulling the strings of their puppet, we are already experiencing many of the things Strauss and Howe warned about in their 1997 prophecy.
“Institutions will be increasingly bossy, limiting personal freedoms, chastising bad manners, and cleansing the culture. Powerful new civic organizations will make judgments about which individual rights deserve respect and which do not. Criminal justice will become swift and rough, trampling on some innocents to protect an endangered and desperate society from those feared to be guilty. Expect a loss of personal privacy. Fourth Turnings can be dark times for the free spirit: Just as one kind of official may have new authority to do something for you, another kind—some hastily deputized magistrate—may have new authority to do something to you.”
They were not predicting specifics but could decipher an outline of our future through the fog, by observing previous Fourth Turnings. The limitations of personal freedoms are being implemented by totalitarian politicians, with the Big-Tech surveillance censorship overlords used to enforce the directives of those running the show, while trampling on the 1st Amendment and the right of citizens to voice dissenting opinions. Those who have seized power are now criminalizing any view not fitting their approved narrative and painting all Trump supporters as white supremacists.
These threats of retribution, while concurrently peddling nonsense about national unity, have the potential to backfire and blow up in their faces. Instead of unity, the impeachment of a president no longer in office and attempts to provoke violence by Trump supporters in order to usher in the pre-written 20,000 page Domestic Terror Patriot Act 2.0 is pushing the country towards civil war. The misuse of justice and criminalizing the acts of those exercising their right to live their lives will ignite a firestorm threatening to spread across the nation, with unknown long-term consequences.
I will not pretend to know what comes next, but I am sure the three key factors driving this crisis since 2008: debt, civic decay, and global disorder will continue to coalesce into a lethal concoction, destined to sweep away the underpinnings of the American Empire, ushering in a new social order. I think the repressive measures being implemented by Pelosi, Schumer, despot Democrat governors, and government apparatchiks are a sign of weakness and fear. Their bluster, threats, fear mongering and denunciation of half the voters in the country, portray a precarious fragility, with a dangerous agenda built on a foundation of deception and delusion.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=_a2KYODW
A madness is gripping the nation, a dismal realization nothing is right. Everything has a chaotic feel, as financial markets surpass bubble territory into uncharted waters; politicians threaten and accuse each other of treasonous acts; government overreach and dysfunction is laid bare for all to see; the Deep State has been exposed as their coup to take down Trump required them to step out of the shadows; a manufactured race war led by BLM and ANTIFA useful idiots at the behest of Soros and his ilk continues to fester; Russia and China continue to undermine U.S. hegemony; and the global debt Ponzi scheme has entered its blow-off road to ruin phase.
The only thing keeping these financial markets at these outrageously elevated levels is an irrational level of misplaced trust in their puppet Powell and his feckless Fed cronies. When, not if, these markets begin to cascade downward and greed turns to fear, an implosion of institutional and societal trust will remove the final underpinnings of this unsustainable financial paradigm.
The Wall Street QE addicts and their captured central banker drug dealers were able to exploit the concocted “Covid Crisis” as cover for an already imploding financial system with the injection of $4 trillion of heroin into their veins and the assurance of trillions more. Anyone using reason and rational thought knows this debt solvency fantasy is destined for a disastrous denouement. If it happens in 2021, this year will surely go down in history.
This combustible amalgamation of unpayable debt, civic anarchy, and global chaos are poised to detonate in 2021, initiating a period of maximum darkness, death, destruction, and momentous choices. We are being propelled towards a climax which will mark the death of the old order and the birth of a new. The question is whether the new order will be better or worse for average Americans.
With the newly installed totalitarian regime in Washington DC, it appears they plan to implement full government control over every aspect of our lives, with the final eradication of the 1st, 2nd, and 4th Amendments as the stick and unlimited government checks as the carrot. Their classification and treatment of 75 million Americans as the enemy will accomplish the task of converting them into a real enemy.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=XyvJx2xq
There will be lone wolves who use violent means to fight back. Others will go Galt and starve the beast. Others may organize into like minded communities and dare the authorities to trample on their freedoms and liberties. It will be difficult to control 75 million angry, heavily armed, dis-enfranchised deplorables. The new regime is led by arrogant, hubristic, mediocre minded bureaucrats who are incapable of using anything but brutality to get there way.
Their grasp on power is fragile and a determined strategic minded resistance will hit them where they are weakest, sabotaging commerce, communications, the power grid, and their social media propaganda arm. At this point in 2021 it looks bleak for lovers of liberty, but the fight has just begun.
The coming deadly reckoning of this Fourth Turning will require tremendous courage, guile, personal sacrifice, dreadful alternatives, survival skills, intelligence, strategic thinking, and an audacity to win at all costs. Those still caught in the mindset of voting in good guys to change the outcome are delusional, as the outcome of this past election confirmed voting does not matter.
There are wealthy, powerful, sociopath, globalist oligarchs who constitute the real power in this world and unless they are confronted and defeated, the outcome of this Fourth Turning will result in a dark future for humanity and the final obliteration of our Constitution. There is no way to avoid the coming conflict. Sides must be chosen. You will not be able to sit this one out. They will come for you, whether you like it or not.
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=r7j6lzYi
“If civic virtue is so frequently lost, it must be just as frequently regained. This is what happens in a Fourth Turning. While a Crisis mood renders societies newly desperate, it also renders them newly capable, which is why a saecular winter is to be welcomed as much as feared. As today’s Americans look ahead, the challenge is to marshal the coming season’s new public energies to achieve positive, not destructive ends. The better we ready ourselves collectively the more likely we will be not just to survive the Crisis but to apply its fury for good and humane purposes.” – Strauss & Howe – The Fourth Turning
Based upon history, the ultimate resolution will not be based on compromise, civility, persuasion, or nonviolent means. Our world will be shaken to its very foundation and transformed in unknowable ways over the next decade. Winter has arrived with a ferocity born of the deceptions of powerful men, and we will need to marshal all our strength and fortitude to survive the coming tempests. The fury of the Crisis will eventually exhaust itself and result in a positive or destructive aftermath. History offers no guidance or assurances as to the outcome. That will be entirely up to us. Godspeed and good luck.
* * *
The corrupt establishment will do anything to suppress sites like the Burning Platform from revealing the truth. The corporate media does this by demonetizing sites like mine by blackballing the site from advertising revenue. If you get value from this site, please keep it running with a donation.
- #9,417
- Jan 29, 2021 4:57am Jan 29, 2021 4:57am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
https://www.zerohedge.com/geopolitic...ops+to+zero%29
Putin: World Risks "Fight Of All Against All" In "Grim Dystopia" Amid Growing Crises
https://zh-prod-1cc738ca-7d3b-4a72-b.../picture-5.jpg
BY TYLER DURDEN
FRIDAY, JAN 29, 2021 - 2:00
Authored by Jack Phillips via The Epoch Times,
Russian leader Vladimir Putin warned that society risks a return to world war if there’s no international effort to ease existing global tensions and imbalances.
Speaking at the World Economic Forum’s virtual Davos Agenda conference on Jan. 27, he offered a grim prediction and noted that the current era shows parallels to the 1920s and 1930s before the “catastrophic World War II.”
“Nowadays, such a heated conflict is not possible, I hope,” Putin said. “Because it will mean the end of our civilization."
“But I’d like the reiterate that the situation might develop unpredictably and uncontrollably if we sit on our hands doing nothing to avoid it. There’s a possibility that we might experience an actual collapse in global development that might result in a fight of all against all.”
Such a prospect, he said, would result in a “grim dystopia.”
Wealth inequality, political polarization, and international tensions will exacerbate the problem, he said, and on top of that, the CCP virus pandemic is placing even more strain on society.
“The coronavirus pandemic has become a major challenge to mankind, and it has accelerated structural changes, the preconditions for which were already in place,” he said.
“We have every reason to believe that the tensions might be aggravated even further.
“International institutions are weakening, regional conflicts are multiplying, the global security system is degrading.”
He called for an increase in dialogue between different nations and groups to avoid a possible worldwide conflict.
“We need [to] ensure development following a different path—one that is positive, balanced, and constructive,” he said.
Russia currently finds itself amid growing internal tensions after Moscow arrested Putin critic Alexei Navalny after he returned to Russia from Germany.
During the Davos address, Putin seemingly made reference to sanctions and embargoes; several countries have placed sanctions on Russia.
“The use of trade barriers, illegitimate sanctions, restrictions in the financial, technological and information spheres—such a game without rules is dramatically increasing the risks of the unilateral use of military force, which is very dangerous,” Putin said.
Putin also faces an uncertain relationship with U.S. President Joe Biden, whom he spoke with earlier this week.
After their first phone call, Putin formally submitted a bill for the Russian parliament to extend the New START nuclear treaty with the United States by five years, according to Russian media.
“The presidents expressed satisfaction following today’s exchange of diplomatic notes on an agreement to extend the New START Treaty,” Putin’s office announced after his call with Biden, TASS reported.
“International topics included the United States’ unilateral withdrawal from the Open Skies Treaty, problems of keeping in place the Joint Comprehensive Plan of Action on the Iranian nuclear program, Ukrainian settlement, as well as Russia’s initiative to call a summit of the United Nations Security Council permanent members,” the Kremlin said.
Putin: World Risks "Fight Of All Against All" In "Grim Dystopia" Amid Growing Crises
https://zh-prod-1cc738ca-7d3b-4a72-b.../picture-5.jpg
BY TYLER DURDEN
FRIDAY, JAN 29, 2021 - 2:00
Authored by Jack Phillips via The Epoch Times,
Russian leader Vladimir Putin warned that society risks a return to world war if there’s no international effort to ease existing global tensions and imbalances.
Speaking at the World Economic Forum’s virtual Davos Agenda conference on Jan. 27, he offered a grim prediction and noted that the current era shows parallels to the 1920s and 1930s before the “catastrophic World War II.”
“Nowadays, such a heated conflict is not possible, I hope,” Putin said. “Because it will mean the end of our civilization."
“But I’d like the reiterate that the situation might develop unpredictably and uncontrollably if we sit on our hands doing nothing to avoid it. There’s a possibility that we might experience an actual collapse in global development that might result in a fight of all against all.”
Such a prospect, he said, would result in a “grim dystopia.”
Wealth inequality, political polarization, and international tensions will exacerbate the problem, he said, and on top of that, the CCP virus pandemic is placing even more strain on society.
“The coronavirus pandemic has become a major challenge to mankind, and it has accelerated structural changes, the preconditions for which were already in place,” he said.
“We have every reason to believe that the tensions might be aggravated even further.
“International institutions are weakening, regional conflicts are multiplying, the global security system is degrading.”
He called for an increase in dialogue between different nations and groups to avoid a possible worldwide conflict.
“We need [to] ensure development following a different path—one that is positive, balanced, and constructive,” he said.
Russia currently finds itself amid growing internal tensions after Moscow arrested Putin critic Alexei Navalny after he returned to Russia from Germany.
During the Davos address, Putin seemingly made reference to sanctions and embargoes; several countries have placed sanctions on Russia.
“The use of trade barriers, illegitimate sanctions, restrictions in the financial, technological and information spheres—such a game without rules is dramatically increasing the risks of the unilateral use of military force, which is very dangerous,” Putin said.
Putin also faces an uncertain relationship with U.S. President Joe Biden, whom he spoke with earlier this week.
After their first phone call, Putin formally submitted a bill for the Russian parliament to extend the New START nuclear treaty with the United States by five years, according to Russian media.
“The presidents expressed satisfaction following today’s exchange of diplomatic notes on an agreement to extend the New START Treaty,” Putin’s office announced after his call with Biden, TASS reported.
“International topics included the United States’ unilateral withdrawal from the Open Skies Treaty, problems of keeping in place the Joint Comprehensive Plan of Action on the Iranian nuclear program, Ukrainian settlement, as well as Russia’s initiative to call a summit of the United Nations Security Council permanent members,” the Kremlin said.
- #9,418
- Edited 5:23am Jan 29, 2021 5:07am | Edited 5:23am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
https://goldswitzerland.com/the-phil...ecious-metals/
THE PHILOSOPHY OF DEBT, THE MATH OF PRECIOUS METALS
January 29, 2021
By Matthew Piepenburg
Market insights often come from unexpected sources.
One of Harvard’s most beloved and popular professors, for example, was not an economist, but the brilliant (and thus controversial) campus philosopher, Cornel West.
Professor West filled Harvard’s auditoriums with hundreds of awe-struck undergrads who marveled at his ability to break down Wittgenstein, Royce, Nietzsche and William James as others might rattle off stats for the Boston Red Sox or Newcastle’s odds in the Premier League.
Professor West took Harvard to intellectual heights not seen since Ralph Waldo Emerson’s infamous Divinity School Address.
These were perhaps the happiest days (and reading lists) of my academic life.
And one book West pushed us to read was “A Treatise of Human Nature,” by David Hume.
This was some pretty heavy stuff, all about Kantian notions of reality, perception, consciousness, and other matters which you might think have nothing to do with your wealth or a critical economic secret.
But philosophy is in fact riddled with names (Plato, Pascal, Hume, Descartes, Whitehead, Russell etc.) who were good at math.
From Philosophy to Economics—Hume’s Market Secret
David Hume, for example, wrote another very short book (essay?) in 1752 that was less about philosophy and more about economics.
It contained a profoundly simple market secret.
Entitled “Of Public Finance,” Hume’s thinking would later inspire Adam Smith’s infamous work, “The Wealth of Nations,” and guide the insights of other geniuses like Voltaire, Franklin and von Mises.
Specifically, Hume looked at the problem of debt, using case studies from the Roman Empire to the far-flung corners of ancient Mesopotamia to make his point (and market secret) sink in.
And what was his market secret?
Very simple: Debt destroys.
David Hume’s Market Secret in 2021—The End of “Luxurious Languor”
Some 269 years after Hume penned this seminal market secret, we now find ourselves in a worse-case “Hume scenario” when it comes to philosophy meeting reality.
By the end of 2019, just moments before the Coronavirus made the headlines, the global economy in general, and the US economy in particular, were already at record levels of debt—well past the $260T global marker.
That was a problem.
Why?
Because as Hume (and countless other classical economists far brighter than myself) have warned: Whenever debt is used to enjoy a short-term “buzz,” the result is simply a long-term disaster.
The future is effectively mortgaged into pain while the present generation lives in what Hume described as a “luxurious languor.”
Needless to say, Wall Street in general, and the post 2008 “accommodated markets” in particular, had certainly enjoyed some debt-induced “luxury” as the following post-2008 market bonanza illustrates…
https://i0.wp.com/goldswitzerland.co...80%2C471&ssl=1
The pre-COVID S&P 500 Index rose by greater than 300% from the lows of 2009 to the highs of 2019 almost exclusively on the tailwind of, you guessed it: DEBT.
But even a global pandemic did nothing to slow down the S&P’s steroid (i.e. debt-driven) post-COVID rise either…
https://i2.wp.com/goldswitzerland.co...24%2C372&ssl=1
U.S. Government and Corporate Debt simply skyrocketed, as did the stock market.
See the correlation here?
https://i0.wp.com/goldswitzerland.co...80%2C466&ssl=1
In short: Most of these “luxurious” S&P points were paid for by corporate stock buybacks funded by low-rate debt and extreme government borrowing.
The folks at the big banks, or the various politico’s (red or blue), who never bothered to study economics (or frankly basic history), forgot to tell voters and investors that beneath the last 12+ years of “luxury” and “recovery” lies a market secret (and economic virus) of which Hume warned in 1752…
More is not More
Specifically, Hume said this of debt: “More is not more.”
That is, more debt does not create long-term growth; in fact, it mathematically destroys it.
To confirm this market secret, one only needs to look at the history of what happens when government debt exceeds 50% of its income, or GDP. Once that ratio hits 50% of GDP, this is bad.
And when that ratio hits 90%, the economy loses 1/3 of its growth rate.
This is not just true some of the time. It’s true all of the time, because economics, when understood, is not an art; it’s a science.
Debt, when over-extended, always kills growth.
As of today, US government debt to GDP, at 126.5%, is well past the point of no return.
https://i1.wp.com/goldswitzerland.co...24%2C385&ssl=1
In short, when it comes to growth, the U.S. (and the EU) is simply screwed…
Japan proves this point as well.
It’s debt to GDP ratio has hit and passed the 225% mark and its economy has yet to see any growth worth noting since the Nikkei tanked in 1989.
The US will be no different.
Coming into the COVID disaster of 2020, the US debt to GDP ratio was already at 107%.
In 2019, we added $1 trillion to our deficit, and by the end of 2020, another $4 trillion, with far more debt ahead for 2021.
Crisis: Who to Blame?
Alas, the U.S., like so many “leading economies,” is in an undeniable debt crisis.
And there’s no argument at either an ethical, humane or even political level that emergency measures (all paid for by debt) were needed.
But here’s the rub: At an economic and historical level, we can’t afford these measures.
Hume’s market secret warns us that the next generation will pay for our debt (and questionable COVID policy measures) in ways now unimaginable.
But is it fair to blame policy makers for COVID surprises and COVID debt?
For Hume, the answer is yes.
Why?
Because our leaders, like the leaders of any family, were warned long ago to have what Hume described as “output gap protection,” i.e., what our parents would call a “rainy day fund.”
In fact, the US often kept such a rainy-day fund in place.
Eisenhower certainly did.
But everything went downhill when Nixon famously declared “I guess we’re all Keynesians now,” meaning we all ignored the market secret and became enamored by (addicted to) debt.
https://i1.wp.com/goldswitzerland.co...24%2C373&ssl=1
Our Love Affair with Debt
Why? Because debt is fun.
It buys a lot of shopping sprees and “luxurious languor,” from Wall Street to Main Street to Pennsylvania Avenue.
But Hume’s market secret reminds us that any nation that doesn’t produce and earn as much as it spends is heading mathematically for a real moment of “uh-oh.”
Hume warned policy makers to prepare for the “Uh-Oh” (rainy day)—which at his time included wars, natural disasters and diseases.
Sadly, our policy makers were not prepared; they were tapped out.
Once the debt to GDP ratio gets too high, every dollar of government debt produces less economic growth.
Going into 2020 and COVID, for example, the US was only getting 40 pennies of growth for every dollar of debt.
Then Came OUR Moment of Uh-Oh
With the COVID disaster (i.e., that inevitable “rainy day”), we were already drowning in debt.
Worse, the new debt we have taken on (and will continue to accrue) will lead to 20 pennies of growth for every dollar of new debt.
Uh-oh.
Needless to say, the US is now facing a massive “output gap.”
Even before the COVID crisis, the volume of world trade, which typically grew at a rate of 5% per year, was only at 0.5% — levels we’ve only seen 3 times in our history.
Global debt, now at an unbelievable $280 trillion, has tripled in just over a decade.
In short, our debt-drunk policy makers had made us weak well before the world got sick…
It’s shameful, though the IMF and others will never admit their own responsibility, pointing instead to COVID like a guilty child with his hand already in a cookie jar of debt.
Deflation to Inflation: Declining Growth & Investment Ahead
Increasing debt levels and pinning interest rates to the zero zone to encourage even more debt can indeed lead to deflation and low growth.
But with an inflationary twist (see below).
For now, the Fed literally has no choice but to keep rates at or near zero for the next 6-7 years, which means yields on longer-term bonds (1%-2% range) will remain anemic (with real yields negative) for a long-time coming, with a Fed-manipulated yield curve now mired (stuck to) the repressed over-night rates.
What About (Hyper) Inflation?
Many are wondering about rising inflation.
This is valid, given all the money printing that has been going on since 2008 in general and in the current COVID backdrop of unlimited QE in particular.
After all, when the Fed prints trillions of dollars out of thin air in a matter of weeks, inflation seems inevitable, right?
Well, that depends.
But inflation is coming. Here’s why.
The Fed: From Lender to Spender
The Fed (as per the Fed Reserve Act of 1913 and the revisions drafted by Carter Glass in the 1930’s) only had the power to provide loans; it did NOT have the power to spend—i.e. print money and directly allocate/spend it as it sees fit.
This is because the drafters of the Fed Reserve Act must have read some Hume back in 1913…
That is, Mr. Glass understood that if the Fed were given the power to print and spend, then, as Hume warned, we’d see snowballing inflation, rising rates and economic death—i.e. we’d become a banana republic much like the France of the 1790’s, Germany of the 1930’s, post-war Yugoslavia or something like 20th century Bolivia…
That would be very, very crazy, no?
Signs of Crazy?
But folks, perhaps you’ve noticed that central banks are slowly turning desperate—i.e. crazy.
Let’s look closer.
Perhaps you’ve already noticed how the Fed’s “power to spend” recently snuck in through the back door of the law and right past the bobble heads of the so-called financial “media.”
By creating a clever little special-purpose entity to act as an intermediary, the Fed in 2020 bailed out private corporate and other junk bond ETF’s—which in my mind is just a form-over-substance way of desperately giving itself the power to spend.
Uh-oh.
As Hume’s market secret warned, and history confirmed from John Law France (1720) to 20th century Weimar, that ends very, very badly.
By the spring of 2020, for example, the Fed was making direct purchases of bond ETF’s, and later of individual bond issuers.
Soon, they are likely to make direct purchases of stock securities, following Japan’s desperate lead.
That kind of spending to support otherwise broken markets increases the velocity of money, and as Hume warned, eventually increases the pace and scope of inflation, which is now off our doomed bow.
The Solution?
As Hume’s market secret (as well as basic math and economic history) confirm, once a nation passes the Rubicon of too much debt to income, more borrowing and money printing will never, not ever, lead to more growth.
Instead, it just buys a stagnate, Japan-like survival mode in which we see and experience increasingly diminishing returns for our debt orgies.
The tragedy of the COVID crisis (and its increasing wealth-disparity policy reactions which border on feudalism) will demand and require even more debt and more aid.
But, again, politicians are not economists, for if they were, they’d admit the truth of this market secret, and the truth is we are heading toward years of stagnation and higher inflation, which is hardly a winning campaign slogan.
The market secret of which David Hume told us in 1752 boils down to this: Debt can only be solved by austerity, namely living within our means.
But as a society, stock market and country, we have been living beyond our means for over a generation, which means our children’s generation will be suffering for the excesses of their predecessors.
Living within our means would mean less spending, less demand, less growth, less artificial bond support, less investment, less staggering market highs and (hopefully) less faith in fantasies.
Which means as we witness the Fed gradually exploiting the open power to spend (pure fantasy solution), don’t fall for it as a “solution”—not even for a second.
A Fed given the open power to spend is simply the first sign and symptom of greater inflation to come, the kind that destroys economies, as all hyper-inflationary policies have done, from Mesopotamia to 18th century Paris.
Precious Metals: Common Sense Preparation & Protection
Informed investors would thus be wise to consult Hume’s warnings as well as the basic laws of math and history.
Such insights serve better (in the long term) than the latest headlines of a financial media or Congress that more often resembles kindergartners at play than wisdom in motion.
More printed currencies and more direct spending (rather than just lending) from desperate central banks points historically toward rising inflation and hence continuing currency debasement.
Those playing the long-game (rather than just the putting green) of wealth preservation understand that commodities in general, and precious metals in particular, are an absolutely essential component of preparing for these slow-moving yet historically confirmed eventualities toward rising inflation and rising yields.
This inflationary trend, of course, might tempt some to shorting longer-dated Treasuries, but that means fighting a powerful (and powerfully dangerous) central bank—something I’d avoid for now, as the Fed still controls (i.e. distorts) the yield curve.
But commodities (blue line), for patient investors, are a far surer long-term bet than manipulated Treasuries, and a far better value than bubbled-stocks (red line).
https://i1.wp.com/goldswitzerland.co...24%2C172&ssl=1
Of course, physical gold is my favorite commodity in a debt world supported by fiat madness. Regardless of the daily price action, physical gold protects against the currency debasement well in play today.
https://i0.wp.com/goldswitzerland.co...66%2C363&ssl=1
In sum, and as history unfolds toward rising inflation, the smart money will be protected in the years ahead in the same way it has been protected for thousands of years before: With golden tones.
THE PHILOSOPHY OF DEBT, THE MATH OF PRECIOUS METALS
January 29, 2021
By Matthew Piepenburg
Market insights often come from unexpected sources.
One of Harvard’s most beloved and popular professors, for example, was not an economist, but the brilliant (and thus controversial) campus philosopher, Cornel West.
Professor West filled Harvard’s auditoriums with hundreds of awe-struck undergrads who marveled at his ability to break down Wittgenstein, Royce, Nietzsche and William James as others might rattle off stats for the Boston Red Sox or Newcastle’s odds in the Premier League.
Professor West took Harvard to intellectual heights not seen since Ralph Waldo Emerson’s infamous Divinity School Address.
These were perhaps the happiest days (and reading lists) of my academic life.
And one book West pushed us to read was “A Treatise of Human Nature,” by David Hume.
This was some pretty heavy stuff, all about Kantian notions of reality, perception, consciousness, and other matters which you might think have nothing to do with your wealth or a critical economic secret.
But philosophy is in fact riddled with names (Plato, Pascal, Hume, Descartes, Whitehead, Russell etc.) who were good at math.
From Philosophy to Economics—Hume’s Market Secret
David Hume, for example, wrote another very short book (essay?) in 1752 that was less about philosophy and more about economics.
It contained a profoundly simple market secret.
Entitled “Of Public Finance,” Hume’s thinking would later inspire Adam Smith’s infamous work, “The Wealth of Nations,” and guide the insights of other geniuses like Voltaire, Franklin and von Mises.
Specifically, Hume looked at the problem of debt, using case studies from the Roman Empire to the far-flung corners of ancient Mesopotamia to make his point (and market secret) sink in.
And what was his market secret?
Very simple: Debt destroys.
David Hume’s Market Secret in 2021—The End of “Luxurious Languor”
Some 269 years after Hume penned this seminal market secret, we now find ourselves in a worse-case “Hume scenario” when it comes to philosophy meeting reality.
By the end of 2019, just moments before the Coronavirus made the headlines, the global economy in general, and the US economy in particular, were already at record levels of debt—well past the $260T global marker.
That was a problem.
Why?
Because as Hume (and countless other classical economists far brighter than myself) have warned: Whenever debt is used to enjoy a short-term “buzz,” the result is simply a long-term disaster.
The future is effectively mortgaged into pain while the present generation lives in what Hume described as a “luxurious languor.”
Needless to say, Wall Street in general, and the post 2008 “accommodated markets” in particular, had certainly enjoyed some debt-induced “luxury” as the following post-2008 market bonanza illustrates…
https://i0.wp.com/goldswitzerland.co...80%2C471&ssl=1
The pre-COVID S&P 500 Index rose by greater than 300% from the lows of 2009 to the highs of 2019 almost exclusively on the tailwind of, you guessed it: DEBT.
But even a global pandemic did nothing to slow down the S&P’s steroid (i.e. debt-driven) post-COVID rise either…
https://i2.wp.com/goldswitzerland.co...24%2C372&ssl=1
U.S. Government and Corporate Debt simply skyrocketed, as did the stock market.
See the correlation here?
https://i0.wp.com/goldswitzerland.co...80%2C466&ssl=1
In short: Most of these “luxurious” S&P points were paid for by corporate stock buybacks funded by low-rate debt and extreme government borrowing.
The folks at the big banks, or the various politico’s (red or blue), who never bothered to study economics (or frankly basic history), forgot to tell voters and investors that beneath the last 12+ years of “luxury” and “recovery” lies a market secret (and economic virus) of which Hume warned in 1752…
More is not More
Specifically, Hume said this of debt: “More is not more.”
That is, more debt does not create long-term growth; in fact, it mathematically destroys it.
To confirm this market secret, one only needs to look at the history of what happens when government debt exceeds 50% of its income, or GDP. Once that ratio hits 50% of GDP, this is bad.
And when that ratio hits 90%, the economy loses 1/3 of its growth rate.
This is not just true some of the time. It’s true all of the time, because economics, when understood, is not an art; it’s a science.
Debt, when over-extended, always kills growth.
As of today, US government debt to GDP, at 126.5%, is well past the point of no return.
https://i1.wp.com/goldswitzerland.co...24%2C385&ssl=1
In short, when it comes to growth, the U.S. (and the EU) is simply screwed…
Japan proves this point as well.
It’s debt to GDP ratio has hit and passed the 225% mark and its economy has yet to see any growth worth noting since the Nikkei tanked in 1989.
The US will be no different.
Coming into the COVID disaster of 2020, the US debt to GDP ratio was already at 107%.
In 2019, we added $1 trillion to our deficit, and by the end of 2020, another $4 trillion, with far more debt ahead for 2021.
Crisis: Who to Blame?
Alas, the U.S., like so many “leading economies,” is in an undeniable debt crisis.
And there’s no argument at either an ethical, humane or even political level that emergency measures (all paid for by debt) were needed.
But here’s the rub: At an economic and historical level, we can’t afford these measures.
Hume’s market secret warns us that the next generation will pay for our debt (and questionable COVID policy measures) in ways now unimaginable.
But is it fair to blame policy makers for COVID surprises and COVID debt?
For Hume, the answer is yes.
Why?
Because our leaders, like the leaders of any family, were warned long ago to have what Hume described as “output gap protection,” i.e., what our parents would call a “rainy day fund.”
In fact, the US often kept such a rainy-day fund in place.
Eisenhower certainly did.
But everything went downhill when Nixon famously declared “I guess we’re all Keynesians now,” meaning we all ignored the market secret and became enamored by (addicted to) debt.
https://i1.wp.com/goldswitzerland.co...24%2C373&ssl=1
Our Love Affair with Debt
Why? Because debt is fun.
It buys a lot of shopping sprees and “luxurious languor,” from Wall Street to Main Street to Pennsylvania Avenue.
But Hume’s market secret reminds us that any nation that doesn’t produce and earn as much as it spends is heading mathematically for a real moment of “uh-oh.”
Hume warned policy makers to prepare for the “Uh-Oh” (rainy day)—which at his time included wars, natural disasters and diseases.
Sadly, our policy makers were not prepared; they were tapped out.
Once the debt to GDP ratio gets too high, every dollar of government debt produces less economic growth.
Going into 2020 and COVID, for example, the US was only getting 40 pennies of growth for every dollar of debt.
Then Came OUR Moment of Uh-Oh
With the COVID disaster (i.e., that inevitable “rainy day”), we were already drowning in debt.
Worse, the new debt we have taken on (and will continue to accrue) will lead to 20 pennies of growth for every dollar of new debt.
Uh-oh.
Needless to say, the US is now facing a massive “output gap.”
Even before the COVID crisis, the volume of world trade, which typically grew at a rate of 5% per year, was only at 0.5% — levels we’ve only seen 3 times in our history.
Global debt, now at an unbelievable $280 trillion, has tripled in just over a decade.
In short, our debt-drunk policy makers had made us weak well before the world got sick…
It’s shameful, though the IMF and others will never admit their own responsibility, pointing instead to COVID like a guilty child with his hand already in a cookie jar of debt.
Deflation to Inflation: Declining Growth & Investment Ahead
Increasing debt levels and pinning interest rates to the zero zone to encourage even more debt can indeed lead to deflation and low growth.
But with an inflationary twist (see below).
For now, the Fed literally has no choice but to keep rates at or near zero for the next 6-7 years, which means yields on longer-term bonds (1%-2% range) will remain anemic (with real yields negative) for a long-time coming, with a Fed-manipulated yield curve now mired (stuck to) the repressed over-night rates.
What About (Hyper) Inflation?
Many are wondering about rising inflation.
This is valid, given all the money printing that has been going on since 2008 in general and in the current COVID backdrop of unlimited QE in particular.
After all, when the Fed prints trillions of dollars out of thin air in a matter of weeks, inflation seems inevitable, right?
Well, that depends.
But inflation is coming. Here’s why.
The Fed: From Lender to Spender
The Fed (as per the Fed Reserve Act of 1913 and the revisions drafted by Carter Glass in the 1930’s) only had the power to provide loans; it did NOT have the power to spend—i.e. print money and directly allocate/spend it as it sees fit.
This is because the drafters of the Fed Reserve Act must have read some Hume back in 1913…
That is, Mr. Glass understood that if the Fed were given the power to print and spend, then, as Hume warned, we’d see snowballing inflation, rising rates and economic death—i.e. we’d become a banana republic much like the France of the 1790’s, Germany of the 1930’s, post-war Yugoslavia or something like 20th century Bolivia…
That would be very, very crazy, no?
Signs of Crazy?
But folks, perhaps you’ve noticed that central banks are slowly turning desperate—i.e. crazy.
Let’s look closer.
Perhaps you’ve already noticed how the Fed’s “power to spend” recently snuck in through the back door of the law and right past the bobble heads of the so-called financial “media.”
By creating a clever little special-purpose entity to act as an intermediary, the Fed in 2020 bailed out private corporate and other junk bond ETF’s—which in my mind is just a form-over-substance way of desperately giving itself the power to spend.
Uh-oh.
As Hume’s market secret warned, and history confirmed from John Law France (1720) to 20th century Weimar, that ends very, very badly.
By the spring of 2020, for example, the Fed was making direct purchases of bond ETF’s, and later of individual bond issuers.
Soon, they are likely to make direct purchases of stock securities, following Japan’s desperate lead.
That kind of spending to support otherwise broken markets increases the velocity of money, and as Hume warned, eventually increases the pace and scope of inflation, which is now off our doomed bow.
The Solution?
As Hume’s market secret (as well as basic math and economic history) confirm, once a nation passes the Rubicon of too much debt to income, more borrowing and money printing will never, not ever, lead to more growth.
Instead, it just buys a stagnate, Japan-like survival mode in which we see and experience increasingly diminishing returns for our debt orgies.
The tragedy of the COVID crisis (and its increasing wealth-disparity policy reactions which border on feudalism) will demand and require even more debt and more aid.
But, again, politicians are not economists, for if they were, they’d admit the truth of this market secret, and the truth is we are heading toward years of stagnation and higher inflation, which is hardly a winning campaign slogan.
The market secret of which David Hume told us in 1752 boils down to this: Debt can only be solved by austerity, namely living within our means.
But as a society, stock market and country, we have been living beyond our means for over a generation, which means our children’s generation will be suffering for the excesses of their predecessors.
Living within our means would mean less spending, less demand, less growth, less artificial bond support, less investment, less staggering market highs and (hopefully) less faith in fantasies.
Which means as we witness the Fed gradually exploiting the open power to spend (pure fantasy solution), don’t fall for it as a “solution”—not even for a second.
A Fed given the open power to spend is simply the first sign and symptom of greater inflation to come, the kind that destroys economies, as all hyper-inflationary policies have done, from Mesopotamia to 18th century Paris.
Precious Metals: Common Sense Preparation & Protection
Informed investors would thus be wise to consult Hume’s warnings as well as the basic laws of math and history.
Such insights serve better (in the long term) than the latest headlines of a financial media or Congress that more often resembles kindergartners at play than wisdom in motion.
More printed currencies and more direct spending (rather than just lending) from desperate central banks points historically toward rising inflation and hence continuing currency debasement.
Those playing the long-game (rather than just the putting green) of wealth preservation understand that commodities in general, and precious metals in particular, are an absolutely essential component of preparing for these slow-moving yet historically confirmed eventualities toward rising inflation and rising yields.
This inflationary trend, of course, might tempt some to shorting longer-dated Treasuries, but that means fighting a powerful (and powerfully dangerous) central bank—something I’d avoid for now, as the Fed still controls (i.e. distorts) the yield curve.
But commodities (blue line), for patient investors, are a far surer long-term bet than manipulated Treasuries, and a far better value than bubbled-stocks (red line).
https://i1.wp.com/goldswitzerland.co...24%2C172&ssl=1
Of course, physical gold is my favorite commodity in a debt world supported by fiat madness. Regardless of the daily price action, physical gold protects against the currency debasement well in play today.
https://i0.wp.com/goldswitzerland.co...66%2C363&ssl=1
In sum, and as history unfolds toward rising inflation, the smart money will be protected in the years ahead in the same way it has been protected for thousands of years before: With golden tones.
- #9,419
- Jan 29, 2021 5:30am Jan 29, 2021 5:30am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
https://caitlinjohnstone.com/2021/01...rative-matrix/
Lessons From Wall Street: Notes From The Edge Of The Narrative Matrix https://i0.wp.com/caitlinjohnstone.c...00%2C533&ssl=1
Whoever controls the narrative controls the world. That’s all you’re seeing in efforts to manage information via censorship, algorithm changes, “fact” checking, Russian propaganda panic, etc. Humans are story-driven animals, so if you control the stories you control the humans.
Reality: The rich collaborate with each other against ordinary people.
Example:
It will always tend to be more profitable to do bad things than good things: ecocide over preservation, exploitation over equality, war over peace. Humanity remains on a doomed trajectory for as long as its systems maintain profit-seeking as the driving force behind its behavior.
The only argument capitalism really has for this is that people can do their good deeds separately from their profit chasing: philanthropy etc. But at best this just means a tiny percentage of human behavior is going toward good things while everything else goes to bad things.
If human behavior is driven by profit chasing and it’s more profitable to do bad things than good things, and if the entire system is pointed at doing bad things with only a few charitable good things done in our free time, we will necessarily remain on a doomed trajectory.
Republicans: Make it 60% worse and you’ve got a deal.
Democrats and Republicans: We have produced a bipartisan measure! That’s the power of pragmatism, compromise, and working together.
Then they came for the socialists, but I did not speak out, for I was not a socialist.
They never came for me, for I am a shitlib and they’re fine with me.
The political/media class generally fixates on the differences between presidents, but you can learn a whole lot more about what’s really going on by looking at their similarities.
I have other ideological preferences (I’m way down in the left-libertarian corner of the political compass), but I also have enough humility to know that maybe my way wouldn’t be best for everyone, and we must all be allowed to see the truth and let everyone make up their mind.
This to me is the least authoritarian position possible: let everyone see the truth uninhibited by the narrative manipulations and opacity of powerful, then let the collective decide on the best path from there. It would definitely end up much healthier than our current system.
Really it’s just a matter of letting awareness expand, which is always the driver behind any positive change people make. It should be allowed to expand inwardly too: legalize psychedelics. Bring consciousness to unjust societal dynamics. Encourage healing and inner exploration.
One of the most frustrating things is seeing where we need to move and not being able to get the collective to come with you. You’re like “It’s there, let’s move!” and they just want to bicker and ego spar. Just blast off into health yourself. The others will come when it’s time.
___________________________
Thanks for reading! The best way to get around the internet censors and make sure you see the stuff I publish is to subscribe to the mailing list for at my website or on Substack, which will get you an email notification for everything I publish. My work is entirely reader-supported, so if you enjoyed this piece please consider sharing it around, liking me on Facebook, following my antics on Twitter, or throwing some money into my tip jar on Patreon or Paypal. If you want to read more you can buy my new book Poems For Rebels (you can also download a PDF for five bucks) or my old bookWoke: A Field Guide for Utopia Preppers. For more info on who I am, where I stand, and what I’m trying to do with this platform, click here. Everyone, racist platforms excluded, has my permission to republish, use or translate any part of this work (or anything else I’ve written) in any way they like free of charge.
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Lessons From Wall Street: Notes From The Edge Of The Narrative Matrix https://i0.wp.com/caitlinjohnstone.c...00%2C533&ssl=1
Whoever controls the narrative controls the world. That’s all you’re seeing in efforts to manage information via censorship, algorithm changes, “fact” checking, Russian propaganda panic, etc. Humans are story-driven animals, so if you control the stories you control the humans.
❖
Lessons from this whole Wall Street/Reddit ordeal:- The stock market is a scam.
- There is no “free market” and there never will be.
- Wall Street predators are the most despised people on earth.
- The public can do more to fight back than it had previously assumed.
- There’s surely a lot more we can do to fight back that we haven’t thought of yet.
❖
You can’t expose how rigged the system really is without pushing against its power structures according to its own rules. When the entire system pushes back and boots you out in front of everyone, more people are made more aware that it is rigged. This can only be a good thing.❖
Every single hedge fund plutocrat has at some point in their lives thought the words “I can’t believe I’m getting away with this!”❖
This is another one of those awkward “we need to shut down the rabble without looking like a totalitarian oligarchy” standoffs.❖
Myth: The rich compete with each other and ordinary people benefit from it.Reality: The rich collaborate with each other against ordinary people.
Example:
It will always tend to be more profitable to do bad things than good things: ecocide over preservation, exploitation over equality, war over peace. Humanity remains on a doomed trajectory for as long as its systems maintain profit-seeking as the driving force behind its behavior.
The only argument capitalism really has for this is that people can do their good deeds separately from their profit chasing: philanthropy etc. But at best this just means a tiny percentage of human behavior is going toward good things while everything else goes to bad things.
If human behavior is driven by profit chasing and it’s more profitable to do bad things than good things, and if the entire system is pointed at doing bad things with only a few charitable good things done in our free time, we will necessarily remain on a doomed trajectory.
❖
Biden’s Iran policy is just Trump’s Iran policy with “TRUMP’S FAULT” scribbled over it in crayon.❖
Democrats: We propose a shitty, awful thing that will kill people and benefit billionaires.Republicans: Make it 60% worse and you’ve got a deal.
Democrats and Republicans: We have produced a bipartisan measure! That’s the power of pragmatism, compromise, and working together.
❖
First they came for the conspiracy theorists, but I did not speak out, for I was not a conspiracy theorist.Then they came for the socialists, but I did not speak out, for I was not a socialist.
They never came for me, for I am a shitlib and they’re fine with me.
❖
Have the heart to prioritize the good of the collective and the balls to take your stand as an individual.❖
Too many people are expecting Biden’s warmongering to manifest as blatant Bush-style ground invasions. If you keep looking in that direction you’ll probably miss his actual warmongering, which will more likely manifest as proxy wars, cold war escalations, coups, sanctions, etc.❖
Your favorite commentator will eventually say something you strongly disagree with. The more you put them on a pedestal, the more that’s going to hurt. Regard them as an equal, whose views you can take when they’re useful and leave when they’re not, and this won’t happen.❖
It is not strange or suspicious when someone chooses to focus their criticisms on the most powerful and destructive government on earth, it is strange and suspicious that more people don’t.❖
Whenever there’s a new US president and people criticize his actions, someone from the other side always points out that it was actually started by the previous president. And then, somehow, the conversation never becomes about why all US presidents advance the same evil agendas regardless of their political party or campaign platform.The political/media class generally fixates on the differences between presidents, but you can learn a whole lot more about what’s really going on by looking at their similarities.
❖
Once the collective began awakening to the fact that a free and democratic society is preferable to a totalitarian one, it became inevitable that there would soon emerge totalitarian societies disguised as free and democratic societies.❖
Ideologically I am first and foremost a truth and transparency advocate. I hold it self-evident that if people could really see what’s happening in their world uninhibited by government secrecy, propaganda and censorship, they’d naturally force a much healthier system into being.I have other ideological preferences (I’m way down in the left-libertarian corner of the political compass), but I also have enough humility to know that maybe my way wouldn’t be best for everyone, and we must all be allowed to see the truth and let everyone make up their mind.
This to me is the least authoritarian position possible: let everyone see the truth uninhibited by the narrative manipulations and opacity of powerful, then let the collective decide on the best path from there. It would definitely end up much healthier than our current system.
Really it’s just a matter of letting awareness expand, which is always the driver behind any positive change people make. It should be allowed to expand inwardly too: legalize psychedelics. Bring consciousness to unjust societal dynamics. Encourage healing and inner exploration.
❖
Be your own revolution. You have all the media access you need to help wake the world up with the power of your own inspired action. Reject cliques, factions and sectarianism, and have the courage to stand on your own two feet attacking the machine with your own unique abilities.❖
Just blast off. Don’t wait for your comrades. Don’t try to pull them along with you before they are ready. Just blast forward into your own revolution, burning brightly and scorching the machine with your light. Shine brightly enough and the others will follow when they’re ready.One of the most frustrating things is seeing where we need to move and not being able to get the collective to come with you. You’re like “It’s there, let’s move!” and they just want to bicker and ego spar. Just blast off into health yourself. The others will come when it’s time.
❖
Narrative and reality are becoming further and further apart on a mass scale, and it’s gonna snap at some point. And it just so happens that a lucid perception of the difference between narrative and reality is the thing that spiritual awakening is. This can happen at mass scale.❖
We are living in unprecedented times. In unprecedented times, unprecedented things can happen. It is entirely possible that we end up winning this thing and creating a healthy world together. There is no real argument to the contrary.___________________________
Thanks for reading! The best way to get around the internet censors and make sure you see the stuff I publish is to subscribe to the mailing list for at my website or on Substack, which will get you an email notification for everything I publish. My work is entirely reader-supported, so if you enjoyed this piece please consider sharing it around, liking me on Facebook, following my antics on Twitter, or throwing some money into my tip jar on Patreon or Paypal. If you want to read more you can buy my new book Poems For Rebels (you can also download a PDF for five bucks) or my old bookWoke: A Field Guide for Utopia Preppers. For more info on who I am, where I stand, and what I’m trying to do with this platform, click here. Everyone, racist platforms excluded, has my permission to republish, use or translate any part of this work (or anything else I’ve written) in any way they like free of charge.
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- Jan 29, 2021 5:37am Jan 29, 2021 5:37am
- | Commercial User | Joined Dec 2014 | 14,164 Posts
https://spencerfernando.com/2021/01/...we-can-see-it/
Robinhood Shows The Elites Are Rigging The Game In Broad Daylight & Don’t Even Care That We Can See It
COMMENTARYSPENCERFERNANDO
JANUARY 28, 2021
https://spencerfernando.com/wp-conte...ed-640x380.png
A raw expression of power from those at the top.
In a truly free market, truly democratic society, the rules apply to everyone.
And the rules aren’t just changed out of nowhere.
But as we have seen, we don’t have a real free market, and our society is becoming less and less democratic.
Consider that for years massive hedge funds have been glad to get rich off their bets that a company would lose value.
They profit from the financial decline of others.
And that’s a legitimate part of the system, as in a free society, in a free market, people should be allowed to make those bets.
But here’s the thing.
Being free to make those bets is also supposed to mean you are responsible for the consequences.
When the bet goes bad, and if you lose it all, that’s on you, not somebody else.
But that’s not how things went.
No, when a bunch of retail investors, spurred on by WallStreetBets decided to push back against hedge funds shorting stocks like GameStop, the elites went absolutely crazy.
How dare regular people interfere in the market!
Only the elites should be allowed to do that!
In a rapid twist, the same people who loved to profit from the financial collapse of others in the free market were begging for intervention.
All of a sudden, it was ‘unfair’ for them to go out of business.
Others should be able to lose everything, but not those hedge funds, right?
Robinhood, a trading app that built their entire brand on ‘democratizing finance’ and saying ‘Let the people trade,’ shut down trades of GameStop just as the hedge funds got most desperate.
“I love how @RobinhoodApp is like we’ll go back to normal tomorrow. What changed? Oh right? They crashed the market and let the hedge funds get out. Now suddenly there are no issues with it.”
Robinhood – and some other trading apps – shut down the ability to buy new shares of GameStop – the exact trade that was crushing some hedge funds, while still allowing people to offload their shares. So, people could drive the price down, but not drive the price up.
The move was a blatant and coordinated effort by much of the financial infrastructure to simply stop regular people from making more money, in effect a de facto bailout of the hedge funds by giving them the chance to escape the true consequences of their ‘free market’ bets.
It also flew completely in the face of Robinhood’s entire brand:
Yeah, unless they start hurting the big guys…
Total arrogance
In my latest column for the National Citizens Coalition, I pointed out that the elites are lying to us, know that they are lying, know that we know they are lying, and keep lying anyway:
“What is true arrogance?
What is true power?
The ability to lie to someone’s face, know that you are lying, know that they know you are lying, and get away with it anyway.
Thus, after months of denouncing critics of The Great Reset as ‘conspiracy theorists,’ much of the media and political establishment expects people to simply ignore that an entire conference on The Great Reset is taking place as you read these words (and yes, the Trudeau Liberals are in attendance).”
As I point out in the article, every crisis ends up with regular people and small businesses being allowed to get crushed and wiped out, while the elites are exempted from damage.
It happened in 2008, with all the big banks even stronger than before while millions lost it all, it happened (and is still happening) to small businesses as they got wiped out in the Wuhan Virus crisis while big corporations were allowed to stay open, and it’s happening now as hedge funds are protected while regular investors get screwed over.
The game is rigged.
We know it.
The elites know it.
And the elites don’t care that we know it.
But that can’t go on forever.
Spencer Fernando
Robinhood Shows The Elites Are Rigging The Game In Broad Daylight & Don’t Even Care That We Can See It
COMMENTARYSPENCERFERNANDO
JANUARY 28, 2021
https://spencerfernando.com/wp-conte...ed-640x380.png
A raw expression of power from those at the top.
In a truly free market, truly democratic society, the rules apply to everyone.
And the rules aren’t just changed out of nowhere.
But as we have seen, we don’t have a real free market, and our society is becoming less and less democratic.
Consider that for years massive hedge funds have been glad to get rich off their bets that a company would lose value.
They profit from the financial decline of others.
And that’s a legitimate part of the system, as in a free society, in a free market, people should be allowed to make those bets.
But here’s the thing.
Being free to make those bets is also supposed to mean you are responsible for the consequences.
When the bet goes bad, and if you lose it all, that’s on you, not somebody else.
But that’s not how things went.
No, when a bunch of retail investors, spurred on by WallStreetBets decided to push back against hedge funds shorting stocks like GameStop, the elites went absolutely crazy.
How dare regular people interfere in the market!
Only the elites should be allowed to do that!
In a rapid twist, the same people who loved to profit from the financial collapse of others in the free market were begging for intervention.
All of a sudden, it was ‘unfair’ for them to go out of business.
Others should be able to lose everything, but not those hedge funds, right?
Robinhood, a trading app that built their entire brand on ‘democratizing finance’ and saying ‘Let the people trade,’ shut down trades of GameStop just as the hedge funds got most desperate.
“I love how @RobinhoodApp is like we’ll go back to normal tomorrow. What changed? Oh right? They crashed the market and let the hedge funds get out. Now suddenly there are no issues with it.”
Robinhood – and some other trading apps – shut down the ability to buy new shares of GameStop – the exact trade that was crushing some hedge funds, while still allowing people to offload their shares. So, people could drive the price down, but not drive the price up.
The move was a blatant and coordinated effort by much of the financial infrastructure to simply stop regular people from making more money, in effect a de facto bailout of the hedge funds by giving them the chance to escape the true consequences of their ‘free market’ bets.
It also flew completely in the face of Robinhood’s entire brand:
Yeah, unless they start hurting the big guys…
Total arrogance
In my latest column for the National Citizens Coalition, I pointed out that the elites are lying to us, know that they are lying, know that we know they are lying, and keep lying anyway:
“What is true arrogance?
What is true power?
The ability to lie to someone’s face, know that you are lying, know that they know you are lying, and get away with it anyway.
Thus, after months of denouncing critics of The Great Reset as ‘conspiracy theorists,’ much of the media and political establishment expects people to simply ignore that an entire conference on The Great Reset is taking place as you read these words (and yes, the Trudeau Liberals are in attendance).”
As I point out in the article, every crisis ends up with regular people and small businesses being allowed to get crushed and wiped out, while the elites are exempted from damage.
It happened in 2008, with all the big banks even stronger than before while millions lost it all, it happened (and is still happening) to small businesses as they got wiped out in the Wuhan Virus crisis while big corporations were allowed to stay open, and it’s happening now as hedge funds are protected while regular investors get screwed over.
The game is rigged.
We know it.
The elites know it.
And the elites don’t care that we know it.
But that can’t go on forever.
Spencer Fernando