Tower of Greed

Tower of Greed | public-domain-bank-tower-of-greed-720x340 | Collapse Economy & Business Special Interests

Ladies and Gentlemen, I have to tell you, today may be the saddest day of my life. If you have not read, in full, Meet The Secretive Group That Runs The World, please stop here and read, in full, the article that should change your view of our world and the way you conduct business. I’ll wait here for your return…

Over the past seven years I have dedicated myself to reading, studying and doing my level best to understand how our monetary, financial and economic systems work. Beginning in late 2007 I set out on a course ingesting books, articles and websites, whole. Spending as much as ten hours a day for months attempting to connect the dots. Today I spend approximately twelve to fourteen hours a day filtering through various news articles, books and videos to continue the process of dot-connecting.

Tower of Greed | public-domain-city-bank-nwo-preparedness-300x201 | Collapse Economy & Business Special Interests When The Daily Coin was born, April 25, 2014, the goal was to help you in your quest for real news and information that would put you and your family in a better position for the coming economic collapse. As of 4:30pm April 12, 2015 it appears my views are about to change. Anyone who is awake and aware is familiar with the manipulation of markets, all markets, the criminality of the banking system and take over of governments, globally, by fascist means. Laws and regulations are now written by and for corporations and local police departments are in place to, specifically, protect the ruling and banking class. The local police also serve another very important function: to strip us of any loose change the banking and ruling class overlooked. As citizens we simply expect to be treated with dignity and a certain amount of respect.

Speaking for myself, is it too much to ask that when I go to a place of business for that business to operate in a manner that is comfortable and that I don’t feel like I am being lied to and my money stolen? Well, if you do business with a bank that is all you can expect to receive; dishonor and theft. If you read the article in full, as I requested, you now know exactly what I am talking about. The ECC (Economic Consultative Committee), fewer than 50, (yes FEWER than 50 people) meet twelve times a year to determine how we, the citizens of the world, are going to be sheered like sheep by the ruling and banking class. Can you imagine if we met, in secret, to plot against the government, the banks and the corporations? Wouldn’t we have a missile or rifle shoved up our back side? Wouldn’t we be thrown in prison, if we were lucky, as an enemy of the state?

Well, these men, maybe one or two women, meet to determine your financial fate and are paid like royalty for their “service”.

Tower of Greed | public-domain-BIS-bank-282x300 | Collapse Economy & Business Special Interests What impact do your finances have on your life, your family and everything else that surrounds you? So, is it safe to say that this small group of less than 50 people have a direct impact on every single aspect of your life? Have they not, in effect, hijacked your sovereignty? But, let’s allow the criminals to tell you themselves how they actually enslave humanity on a global scale

The world’s most exclusive club has eighteen members. They gather every other month on a Sunday evening at 7 p.m. in conference room E in a circular tower block whose tinted windows overlook the central Basel railway station. Their discussion lasts for one hour, perhaps an hour and a half. Some of those present bring a colleague with them, but the aides rarely speak during this most confidential of conclaves.

The details of the meeting are kept from the public. Why? Why would it be so secretive that nothing is repeated outside of the meeting? Because if you knew how your financial life was about to be raped you would be up in arms and be determined to take back your sovereignty. These people are pure evil. If they are not planning your financial rape, then publish the notes from the meetings, period. Otherwise, we will continue to believe you have nothing good in mind for our families.

The ECC makes recommendations on the membership and organization of the three BIS (Bank for International Settlement) committees that deal with the global financial system, payments systems, and international markets. The committee also prepares proposals for the Global Economy Meeting and guides its agenda.

Does that sound like something that we could benefit from? How is it that this tiny group of mostly men are allowed to determined our financial fate? I want to see the freakin’ notes!! How did they determine that “economy A” should prosper and grow while “economy B” stagnates and/or slides into a recession? What are the determining factors of such a monumental decision? Who benefits? Who profits? How are the profits divided and by whom? The global GWP (Gross World Product) is approximately $75.6 trillion dollars annually (as of 2013, the last year data is available). Isn’t that interesting. A tiny group of fewer than 50 people meet monthly to determine how $75,000,000,000,000,000 will be divided up among the global nations. Is this some kind of sick joke? How is that even possible? Let’s take a look at the track record for some of these people who make up this “brain trust”. Ben Bernanke – Did you see a housing bubble manifesting in 2004-2006? You know, the one that almost blew-up the global economy.

Oh, well. Didn’t see that coming. What about Greece joining the European Union? Was it a good idea? According to an article written in 2000, probably, not such a good idea:

Greece sought to join the euro in May 1998 when the first 11 members were chosen, but did not qualify. But EU finance ministers now found it had cut inflation, public deficits and debts to within the limits of the so-called “convergence criteria” needed for membership of the single currency. However, at an annual rate of 2.6 percent, Greek inflation is still higher than in most other European countries, and the government in Athens pledged to restrain spending and work toward achieving a budget surplus next year. Greece’s economy still has a long way to go before it catches up with the rest of the community, where economic output per head is on average 30 percent higher.

Translation: Greece produces approximately 30% LESS than ALL the other EU members! This is not an attack on Greece or the Greek people. It is merely pointing out the fact the gang of less than 50 knew that Greece’s economy would not fit with the other members of the EU and should not have ever joined the EU and switched to the Euro. They knew what would happen.

Who benefits and who profits? Probably the fewer than 50 people that meet in secret each month to determine how to slice the pie! This is two examples that have lead to our current economic nightmare that we, the citizens of the world, must deal with on a daily basis.

The “brain trust” that makes up the ECC and meets each and every month to determine how global finances are going to work are the very people that made the two decisions described above. Why should we trust them in secret when they have been shown to be economic fools in public? The game is completely rigged. We can not escape.

We must focus on solutions and develop systems that will help us to move away from these parasites, otherwise, we will simply continue feeding the machine. Do you want to feed the machine? Do you really want to support a gang of less than 50 people to keep you enslaved? Every time you use a dollar or use the bank you are filling the coffers of the gang of less than 50. So, where do we go from here? How do we dig this parasite out of the earth’s finances? We don’t. We begin a work-around.

Until we begin using real money, gold and silver, trading our labor for actual wealth that these parasites can not reach, we will continue to be nothing more than an ATM machine with our labor. They will continue to suck the very life out of us until the day we die and are replaced by the next sucker in line.


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The Real Reason For America’s Looming Retirement Crisis

The Real Reason For America’s Looming Retirement Crisis | Retirement-Crisis | Economy & Business Special Interests

Did you know that approximately 40 percent of all American workers have absolutely nothing saved for retirement? And did you know that pension funds in the United States are currently underfunded by about six trillion dollars? Social Security is supposed to be the underlying safety net for our entire retirement system, but it is essentially just a massive Ponzi scheme that everyone agrees is heading for a major disaster. Now that the Baby Boomers have started to retire, it is becoming clear that our society simply does not have the resources necessary to keep all of the promises that we have made to them. We are facing a retirement crisis of epic proportions, and by the end of this article you will understand the real reason why we have gotten into this mess.

Like so many other industrialized nations, America’s population is rapidly aging. In fact, in some rural areas of the country entire towns are in the process of slowly disappearing as their populations literally die off. The following is an excerpt from an outstanding article that was published by The Atlantic

It can be a pretty depressing proposition to start counting the deaths in this tiny town set among the hills and buttes of central Oregon.

Sherian Asher, 74, began keeping track a few years ago, despite herself, until she realized the tally: four deaths a month, in a town of 450. Then she stopped counting.

Fossil, Asher said, is “just going to die out.”

Businesses are disappearing, too. There used to be four gas stations, three grocery stores, three car dealers, and a lumber mill. Now, there’s just one restaurant in town open at night. The nearest hospital is more than an hour away, the nearest city, Bend, is two-and-a-half.

The Baby Boomers in particular pose a unique challenge for our society, because they represent a massive demographic bubble that has fundamentally altered our culture as they have passed through each stage of life. Now they are retiring in extremely large numbers, and many of them are completely unprepared for retirement.

Of course most of those coming after them are not preparing for retirement either. In fact, the executive director of the National Institute on Retirement Security says that 40 percent of all American workers have nothing saved up for retirement at all

“We have a lot of individuals who have nothing saved for retirement, about 40 percent of the workforce,” said Diane Oakley, executive director of the National Institute on Retirement Security. When her organization used census data to assess whether households were saving enough to retire with eight times their projected income, a very conservative estimate of retirement preparedness, “we found that 60 percent of households weren’t on track.”

Those numbers are absolutely staggering.

What in the world are we going to do once all of those people hit retirement age?

401(k) plans were supposed to revolutionize the way that Americans prepare for retirement, but that simply has not happened. In fact, USA Today is reporting that those that are participating in such plans only “have an average of $14,500 in their retirement accounts”…

The current retirement system in America hinges on the 401(k) plan, which replaced pensions as the go-to source of retirement income. But over the past 35 years that effort has been failing because participants are not contributing enough, asking for withdrawals and not repaying 401(k) loans. More participants are instead treating their 401(k) as a checking account and making very little effort to learn how to manage their investments. The chart below outlines how less than half of Americans now participate in retirement plans and those that do have an average of $14,500 in their retirement accounts, when they will need between 20 and 30 times that amount.

How long will $14,500 last you?

Perhaps if you are very thrifty it might last you six months.

Of course it is quite difficult to find money to put into your retirement account when you are living paycheck to paycheck, and some recent surveys have found that this is the case for about two-thirds of the population.

In the old days, many large companies offered pensions, but once 401(k) plans were introduced that number dropped significantly.

These days it is mostly federal, state and local government workers that are covered by pension plans, but unfortunately many of those pensions are severely underfunded.

This is something that I covered in substantial depth on the Economic Collapse Blog recently. In my piece, I pointed out a Bloomberg article that stated that overall there would be a pension funding gap of somewhere around 6 trillion dollars if honest numbers were being used. And that 6 trillion dollar shortfall would only apply if stock prices stay at current levels. If stock valuations simply returned to normal levels, pension funds would lose trillions upon trillions of dollars and we would very rapidly have a national crisis on our hands.

But if everything else fails, don’t we at least have Social Security?

I wouldn’t be so sure. Everyone knows that Social Security is essentially a Ponzi scheme that is living on borrowed time.

According to Reuters, one recent survey discovered that just 37 percent of all U.S. workers are “very or somewhat confident” that payouts from the system will continue at current levels in the future…

No surprise, then, that only 37 percent of workers are “very or somewhat confident” that Social Security will be able to maintain current benefit levels in the future, according to survey research by the Employee Benefit Research Institute (EBRI) – although confidence is much higher among older workers and retirees.

From a math standpoint, potential solutions to the problem are straightforward. The cuts can be avoided through increased revenue, benefit reductions or some combination of the two. But the politics are another matter.

Of course there are many reasons why we are in such a mess, but perhaps the biggest reason is because we don’t have nearly enough young people in the workforce paying taxes to support all of the older people that are retiring.

If we had tens of millions more taxpayers, pension funds all across the country would be much more solvent.

If we had tens of millions more taxpayers, the Social Security system would be just fine.

But we don’t have tens of millions more taxpayers, because we killed them.

Since Roe v. Wade was decided in 1973, we have killed close to 60 million children. Most of those children would be in the workforce today, but since they aren’t we have a major financial nightmare on our hands.

Throughout human history, the next generation has always taken care of the preceding generation once they have gotten too old to work.

But we have forfeited that right, because we committed mass murder. Now an unprecedented retirement crisis is looming, and nobody is going to have much sympathy for us when the whole system comes crashing down.


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Central Banking Warfare Model Readies The Next Step (VIDEO)

Central Banking Warfare Model Readies The Next Step (VIDEO) | world-with-money-1024x729 | Banks Economy & Business Global Bankster Takeover Multimedia Special Interests War Propaganda

The global capacity for debt has reached it’s zenith. So-called developed markets and emerging markets have all reached maximum debt load. Of the all the major countries that impact the global GDP name one that’s not fully levered with debt. I’ll wait here while you look for that needle in a haystack.

We came into the bail outs. The G7 had levered up. Then we had the emerging markets lever up and they’re finished levering up and now everybody’s levered up. 

There is no place to go. We can go to an equity model and we can optimize bottom-up but that requires a legitimate pricing function. And when you’re trying to run the whole thing with fake intel, fake science, fake news…The harvesting machine needs a new way to dig and digital currency and digital cash is that way. But you need all those countries in the tent and you need the ability to force everybody into a digital system. Source

The world (tent) must get inline with the idea of global governance and global currency, otherwise, it will not work.

Cryptocurrencies and all the people who believe this digital illusion is going to somehow save us from the evil banksters are overlooking what I have been saying since bitcoin first came onto the scene – it plays into the hands of the banksters and their desire to move us all to a digital currency. If someone believes for a second that Amazon or any other large multinational corporation that conducts retail business is going to accept bitcoin when they have been instructed not to, they are simply living in a fantasy.

That’s why the guys from bitcoin drive me nuts. Because they think “Oh this is how we’re going to be free“. No, you’re prototyping Mr. Globals digital currency. Source

If a person thinks the central banks and their digital currency will COMPETE with bitcoin you are not seeing the entire picture. That is not going to happen – EVER. The reason gold was outlawed in the U.S. in the 1930’s was to keep gold from competing with the Federal Reserve Note. Why would anyone believe the Federal Reserve is going to allow a digital form of currency to compete with their wealth transferring mechanism on a large scale?

In the video – America: Freedom to Fascism – Aaron Russo discusses what one of the Rothschilds explained to him. This scheming, blood sucking bankster tells Mr. Russo the people will all be chipped and the currency will be digital. Do you honestly think bitcoin will be included in this “mark of the beast” technology? If the cash is eliminated and we can only use digital currency the banks would have the ability to turn off an individuals access to funds. If bitcoin, or any other cryptocurrency, is allowed to operate this would not work. The banks would not be able to enslave the people. The slave trade would collapse.

Central Banking Warfare Model Readies The Next Step (VIDEO) | enslavement | Banks Economy & Business Global Bankster Takeover Multimedia Special Interests War Propaganda

The only remaining question is whether China and Russia are in on the scheme. China already has a digital currency and most of the transactions in China are conducted without the use of cash. So, China is on board. That leaves Russia. What will Russia’s role be in moving to a digital currency operated by the central banks?

For me, it always comes back to gold and gold as currency. How would gold work in this new paradigm? What role would gold play? Will gold be, once again, outlawed, confiscated or simply remain outside the system?

Gold and silver have been money for thousands of years. The golden rule still applies – he who has the gold makes the rules. China and, their military partner, Russia, have lots of gold. India has a lot of gold in the hands of the citizens, but the central bank of India is not a major player like China and Russia. India has not been purposely adding to their gold horde the way Russia and China have been doing for the past decade. It’s funny to see India doing all they can to get their citizens to move away from acquiring physical gold while across the border in China the government is encouraging – and make it very easy – for the citizens to acquire gold. The Chinese citizens have been responding ever since this initiative was first announced. On the other hand, the citizens of India do all they can to keep the banking cabal and corrupt government out of their gold stash.

The western “developed” world is in desperate need of a major large scale war. Large scale war is the one thing that can cover the crimes of the western banking cabal and allow the system to be reset while the criminals blame someone else. Russia and China are the obvious targets of the U.S./U.K. with North Korea playing a minor role and possibly being used as a pawn to jump-start the whole thing. Syria is all about the oil and gas pipelines, so, Syria could be a jumping off point as well.

Whoever starts the next world war rest assured the U.S. will not be spared. Bombs will land on this soil and eliminate entire cities.

The world can not escape the debt saturation we find ourselves entangled. There are only a handful ways to get out of the web and war has always been, throughout all of history, the primary way this has happened. The difference today is nuclear weapons. Nuclear weapons create problems for thousands of years so is it really a viable option? A debt jubilee/reset is another way debt has been handled throughout history, however, the world was a lot smaller place. Revert to a gold standard and reset the debt to gold? I don’t know what the answer is, but I do know our time is running out.

This is a must listen interview with Catherine Austin-Fitts. She explains the above in greater detail and paints the picture all the way to the edge.

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Absurd Valuations on Unprofitable Tech Stocks

Absurd Valuations on Unprofitable Tech Stocks | stock-market-economy | Economy & Business Special Interests

The Treasury Secretary chimes in on what any market watcher should know instinctively. Mnuchin talks tech: ‘I don’t understand these valuations’, yet the price on promises and future expectation of earnings has a large amount of the equity speculators and computerized trading in a crisis of sanity. Avoiding the fundamental relationship that a stock value is based upon the ability of a company to turn a profit, has become the hottest investment hoax since Bernard Madoff was pitching his Ponzi scheme. UberSnapchat and Twitter may be high flyers for the smart set, but for rational venture capitalists, plunking down gambles on risky enterprises that only feed on publicity hype is a sure bet on going broke.

While angel funding, seed investment and incubation have a nice ring to their functions, what they all have in common is gaining a piece of the equity action before any IPO is sold to the investment insiders, much less the general public. What is often lost is that any new startup enterprise must develop cash flow well before any earnings can be achieved.

Defying common sense, many of this new generation of cutting edge technology companies are pitching a dream that often turns into a nightmare for the imprudent investor. At least Apple sells, admittedly very overpriced phones, a product that has a functional and utilitarian purpose. But what possible claim of intrinsic worth does a trendy app have when duplication of utility is achieved by a tech giant as Facebook?

Even the most bombastic huckster, Elon Reeve Musk finds himself reliant on the intrepid waters of government subsidies to keep his bubble run on solar cells, alive. Yet his stock price keeps inflating with little financial connection to turning a profit, even when Sparks fly on Wall Street over Tesla’s current valuation.

“For now, Musk and his team have built up enough investor goodwill to buy him time to follow through his vision. Tesla narrowly missed its target of delivering 80,000 vehicles last year and has only reported two profitable quarters in its brief history. Nonetheless, its rapid rise could see it accelerate past Honda and move into the top five most valuable carmakers in the world.

This comes as the finances of Ford and GM are in rude health. GM is expected to earn more than $9bn this year and Ford to rake in profits of $6.3bn; Tesla is expected to lose more than $950m.”

Come on folks, in what mystical world of consumer sales indifference does one accept that in the immediate future buyers will jump from the torque of a four wheel drive F-150 V-8 into the restriction of a Tesla electric cord? In order to make this fantasy work Road and Track contends, The Case for a Tesla-GM Merger. The argument simply comes down to “You put together a carmaker with mojo and a carmaker with capacity.”

“We live in an era where brick-and-mortar companies frequently play second fiddle to apps and platforms and clouds and other entirely ephemeral ideas. It suits the stock market just fine, because the stock market is much like the baseball-card market, or the art market, in that it serves more as a reflection of prevailing views than as any truly prescient or even intelligent verdict regarding a company’s merit. It’s an illusion. Of course, it is an illusion with the power to build fortunes and destroy lives in a millisecond.”

When government motors was bailed out by the Obama administration to save the unions while wiping out the bond holders, GM was given a second chance at the taxpayer expense. Now we are suppose to accept another rescue of Tesla debt to keep the illusion that the future belongs to the driverless “green” vehicle. Hey, why not just go all the way; ban humans from using gas guzzlers on the highways, while taxing a per mile user fee to replace the gas tax? Just keep diesel commercial trucks to navigate the steep grades to fix all the infrastructure that driverless vehicles will use.

The absurdity of this brave new world is as obscene as the stock prices of the technocratic anti-human robot society that is facing an expendable population. Nonetheless, do not take our analysis for the last word. Look to the essay in The Street, From the Absurd to the Ridiculous: When Fundamentals Don’t Matter, where the example of Yahoo is reviewed.

“Yahoo! (YHOO) , which was a highly valued company during the dot-com era.

When looking at Yahoo!’s price and P/E ratio, the fundamentals didn’t really reflect the stock price. Yahoo! was trading at nearly 3,500 times its P/E ratio at one point, which may have been unjustified.

Following that, the markets were quick to realize that the company wasn’t that valuable, and it began to tank once the bubble popped.

Take a look at how Yahoo!’s market capitalization evolved over time. Prior to the dot-com bubble, Yahoo! had a market cap of less than $1 billion.

However, during the bubble, Yahoo!’s market cap rose to more than $100 billion at its peak. Thereafter, its market cap and share price fell significantly, with the former falling to between $5 billion and $10 billion.”

If such a stable of the computer age as Yahoo could be reduced to the humiliation of a hostile takeover by Verizon at a price not much more than an unknown startup as Team Chat provider Slack with a valuation of about $3.8 billion, what true value does any of these high tech ventures provide over time? Anyone remember one of the scores of services from Yahoo called Messenger? Do the math, plunging down your bucks on such moving targets as superficial fads is most risky.

Google search beat out Yahoo, but will Alphabet retain the preeminent crown of dominance with their imposition of censorship and filtering out of free speech? Stock values are never guaranteed and especially with tech companies, you are only safe if competition is eliminated.


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The Military Complex Has Taken Control Of The White House (VIDEO)

The Military Complex Has Taken Control Of The White House (VIDEO) | The-Military-Complex-Has-Taken-Control-Of-The-White-House | Collapse Economy & Business Government Government Control Military Sleuth Journal Special Interests Trump

“The astonishing reinvention of Donald Trump:”  Washingtonians are still puzzling at the speed with which the man who promised to “drain the swamp” has come to bask in its approval. In the past 10 days, Mr Trump has belied many of the city’s worst fears. Having promised to launch a trade war with China, Mr Trump is rapidly abandoning his protectionist rhetoric. Likewise, having vowed to avoid foreign wars, he has acquired a sudden taste for Levantine missile launches. And having dismissed Nato as obsolete, Mr Trump is now singing the alliance’s praises. – Financial Times, April 13, 2017

It was just a matter of time before the Deep State got its meat-hooks into Trump. The move to remove Steve Bannon from the National Security Council and replace him with two Deep State operatives who had been formerly removed from NSC was our signal that the Deep State had restored its control of the Oval Office. Shortly after that power swap was accomplished, missiles started flying in Syria in response to false flag “gas” attack and the world’s largest non-nuclear bomb was dropped on CIA-built underground tunnels in Afghanistan.

Trump has back-pedaled on every single “plank” in his campaign platform – about as quickly as Obama did after he was inaugurated. Trump’s geopolitical policies now resemble the same policies endorsed by Hillary Clinton, who is a neocon dressed in drag.

When all else fails, start a war. The opinion ratings on Trump are plunging, along with the major portions of the economy. Auto sales are down 10% since the beginning to 2017 and JP Morgan, despite “beating” earnings estimates, disclosed a troubling spike in credit card write-offs, which rose to nearly $1 billion in Q1. Retail sales have now declined two months in a row. It’s no coincidence that the dismal sales report was released on Good Friday when the market was closed. The original .1% gain reported for February was revised down significantly to a decline of .3%. Restaurant industry sales have declined for 11 of the last 12 months in a row on a year over year monthly basis.

The economy is been fueled on money printing and credit creation for the better part of 40 years. That artificial stimulation went parabolic in 2009. The tech and housing bubbles have been reinflated along with every other asset class into an “everything” bubble. Real weekly earnings have declined two months in a row. The consumer is tapped out on two fronts: disposable income and the capacity to take on more debt. Now comes the part where the average household begins to default on the debt it’s taken on over the last 8 years. Hence the big jump in credit write-offs disclosed opaquely by JP Morgan last week.

Today’s Shadow of Truth discusses the role played by the Deep State in ushering in the inevitable economic collapse of the United States which will lead to the implementation of Totalitarianism and a dystopic political system:

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The Real Dangers Behind The Syrian Crisis Are Economic

The Real Dangers Behind The Syrian Crisis Are Economic | syria-flag-fire | Economy & Business Sleuth Journal Special Interests US News War Propaganda

Back in 2010/2011 when I was still writing under the pen-name Giordano Bruno, I warned extensively about the dangers of any destabilization in the nation of Syria, long before the real troubles began. In an article titled Migration Of The Black Swans, I pointed out that due to Syria’s unique set of alliances and economic relationships the country was a “keystone” for disruption in the Middle East and that a “revolution” (or civil war) was imminent. Syria, I warned, represented the first domino in a chain of dominoes that could lead to widespread regional warfare and draw in major powers like the U.S. and Russia.

That said, my position has always been that the next “world war” would not be a nuclear war, but primarily an economic war. Meaning, I believed and still believe it is far more useful for establishment elites to use the East as a foil to bring down certain parts of the West with economic weapons, such as the dumping of the U.S. dollar. The chaos this would cause in global markets and the panic that would ensue among the general public would provide perfect cover for the introduction of what the globalists call the “great financial reset.” The term “reset” is essentially code for the total centralization of all fiscal and monetary management of the world’s economies under one institution, most likely the IMF. This would culminate in the destruction of the dollar’s world reserve status, its replacement being the IMF’s Special Drawing Rights basket currency system.

Eventually, the SDR basket system would act as a stepping stone towards a single global currency system, and its final form and function would probably be entirely digital. This would give the globalists TOTAL push-button control over even the smallest aspects of normal trade. The amount of power they would gain from a single centralized digital currency system would be endless.

Syria in itself is just one layer upon many in the process of deliberate global instability, but it seems to be vitally important to the elites given that they continually make new attempts to draw the American public into support for so called “regime change.”

Mainstream media publications like The New York Times overtly press the narrative that Syrian president Bashar al-Assad has a long history of war crimes including the use of chemical weapons against civilians. Yet, neither The New York Times nor anyone in government has produced a single piece of compelling concrete evidence that Assad is guilty of such acts, including the latest chemical attack which the Trump administration as used as a rational for cruise missile strikes against Syrian military targets and rhetoric calling for the ousting of Assad.

Not that I necessarily have much faith in the Assad regime, but we saw this same exact model used under the Obama administration in 2013: A chemical attack against civilians which the White House then immediately, without evidence, uses to implicate Assad and call for regime change. This tactic to seduce the American public into war fever failed, even with many acting serving military, and Obama backed away (in part) from a full blown invasion of Syria. Now, it would appear that the establishment hopes they’ll get a better response using the same con-game under Trump.

There are far more advantages in the Trump scenario, however.

It has been my longstanding belief since the middle of last year that Trump would undoubtedly be president of the U.S., because the international banking cabal needs a scapegoat for the ongoing economic crisis they have been engineering for many years. The Syrian strategy is a win/win for the elites under Trump because, with Trump, there is no need for moderation. If they can influence him to rampage without concern for the repercussions in the region, then their scapegoat implicates all conservatives in general with little effort on their part.

George Soros‘ prediction that Trump “will fail” because he is “unpredictable and unprepared” and that he will “end up bad for the markets” will become a self-fulfilling prophecy.

I warned the liberty movement over and over again after Trump’s cabinet selection that he was surrounding himself with establishment ghouls that would either run the White House in spite of him, or, that he was gladly cooperating with them. His recent high tension rhetoric against the Syrian government and against North Korea only seems to confirm my suspicions.

So, where is this all headed? Nowhere good…

First, consider the fact that every time it appears that the Syrian government seems to be making headway in destroying ISIS, there is suddenly another chemical attack which places Assad under suspicion. Anyone who read my article ISIS Is Being Aimed At The West By Globalists — Here’s What We Can Do About It, published in 2015, has seen the extensive evidence I outlined which shows U.S. government complicity and even direct aid in the creation of ISIS. I compared the rise of ISIS to Operation Gladio, a massive false flag project undertaken by U.S. and European governments in Europe from the 1950s to the 1990s.

ISIS is useful as a perpetual boogeyman, and sadly, the Muslim religion has one foot stuck in the dark ages and will remain fertile ground for generating extremist groups for decades to come. The elites have every intention of protecting certain factions of ISIS in Syria, which means that ISIS will continue to spread from the area into the EU and the U.S. and terrorist attacks will continue to multiply.

Second, we have learned that the Trump administration is perfectly willing to fast-track certain longstanding establishment projects that involve kinetic action (i.e. destruction and death). If they were happy to move so quickly to strike Syria without supplying any evidence to support the measure, then it should come as no surprise if they are willing to strike North Korea, a country with ACTUAL means to threaten American targets or our interests in the Pacific. A precedent is being set today for an ongoing program of fast moving preemptive strikes. I believe this will go even beyond Barack Obama’s notorious penchant for trigger pulling to destabilize regions.

Third, I think many people also forget that Syria continues to maintain a mutual defense pact with Iran. Why does this matter? Syria is NOT Libya; Assad is not going to go down like Gaddafi at the hands of insurgent groups like ISIS. Regime change in Syria is going to require numerous U.S. boots on the ground. This, in turn, will invite hundreds of thousands from the Iranian Guard to intercede. If you study military preparedness around the world you know that a country like Iran or North Korea will offer far greater resistance than what we saw in Afghanistan or Iraq.

While they are still very poor nations militarily (in terms of defense spending), they are still relatively well-trained, and the technology gap is less expansive. Many American men will die in such a fight. If ground invasion becomes an option in Syria, expect Iran to be next, and expect the option of a new “draft” to return to the U.S.  Also keep in mind that Americans will never accept military conscription today unless we suffer a massive attack on U.S. soil, or on U.S. forces abroad.  So, expect some shock and awe to occur in short order…

Third, there is, of course, the ongoing question as to when U.S. and Russian forces will “stumble” over each other and someone on either side gets killed? The majority of analysts in the liberty movement expect that this is inevitable. I suppose I agree, but I do not believe the elites have been entrenching billions of dollars in control grid technology in every major city in the world just to vaporize them in a chain of mushroom clouds (this control grid includes Russian cities — just look up Putin’s Yaroslavl laws, which might make the NSA envious).

It seems to me that the natural progression of these tensions will end in economic retaliation from the East against the West, not nuclear retaliation. The thing is, this is actually the worst case scenario.

With nuclear conflagration comes immediate loss of full spectrum awareness for the elites. They lose their surveillance grid, they lose the means to maintain a healthy standing military, they lose the means to dictate the narrative because the mainstream media will not be functioning at that point, etc. During an economic crisis, they can shift wealth easily to safe havens, they can weaken certain militaries while strengthening others. They retain their control grid apparatus and use it effectively against the citizenry as long as there is not substantial civilian resistance, and the list goes on.

With nuclear war there would be total chaos. With economic crisis there is controlled chaos. The establishment prefers the latter option.

Eastern nations and their allies still hold considerable U.S. Treasury bonds in their coffers, and they still use the dollar for the most part as the world reserve currency (though they have been preparing the ground for a dollar dump since at least 2008). On top of this, many of these nations also have the option of dumping the dollar as the petro-currency and crushing our monopoly on how oil is traded globally. If any of these measures are taken by countries like Russia, China and Saudi Arabia, the U.S. economic structure will lose the last pillar holding it above water. We will effectively move into third-world status in the course of a few years.

These are not hypothetical dangers, these are very real dangers which have already been mentioned publicly by Eastern interests in their own media. They are also dangers which SERVE the globalist agenda in the long run. As I have noted time and time again in the past with ample evidence, Eastern governments including Russia and China openly and avidly support the International Monetary Fund and continue to call for the IMF to take over global management of all monetary policy to form a single world currency system. They may be “anti-U.S.” in rhetoric, but they are NOT anti-globalist.

Syria remains a highly useful catalyst for the globalists to achieve the crisis they need to push their great reset forward. Being that they have tried to thrust Americans into that quagmire so many times over the past few years, I think it is safe to say they plan to use Syria as trigger point whether we cooperate or not.

This article was republished from Alt-Market.com.

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The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America

The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America | Explode-Public-Domain | Collapse Economy & Business

Are millions of Americans about to see the big, juicy pensions that they were counting on to fund their golden years go up in flames in the biggest financial disaster in U.S. history? When Bloomberg published an editorial entitled “Pension Crisis Too Big for Markets to Ignore“, it simply confirmed what a lot of people already knew to be true.  Pension funds all over America are woefully underfunded, and they have been pouring mind boggling amounts of money into very risky investments such as Internet stocks and commercial mortgages.  Just like with subprime mortgages in 2008, this is a crisis that everyone can see coming well in advance, and yet nothing is being done about it.

On a day to day basis, Americans generally don’t think very much about pensions.  Most of those that have been promised pensions simply have faith that they will be there when they need them.

Unfortunately, the truth is that pension plans all over the country are severely underfunded, and this has already resulted in local fiascos such as the one that we just witnessed in Dallas.

But what happened in Dallas is just the very small tip of a very large iceberg.  According to Bloomberg, unfunded pension obligations on a national basis “have risen to $1.9 trillion from $292 billion since 2007″…

As was the case with the subprime crisis, the writing appears to be on the wall. And yet calamity has yet to strike. How so? Call it the triumvirate of conspirators – the actuaries, accountants and their accomplices in office. Throw in the law of big numbers, very big numbers, and you get to a disaster in a seemingly permanent state of making. Unfunded pension obligations have risen to $1.9 trillion from $292 billion since 2007.

And of course that $1.9 trillion number is not actually the real number.

That same Bloomberg article goes on to admit that if honest math was being used that the real number would actually be closer to 6 trillion dollars…

So why not just flip the switch and require truth and honesty in public pension math? Too many cities and potentially states would buckle under the weight of more realistic assumed rates of return. By some estimates, unfunded liabilities would triple to upwards of $6 trillion if the prevailing yields on Treasuries were used. That would translate into much steeper funding requirements at a time when budgets are already severely constrained. Pockets of the country would face essential public service budgets being slashed to dangerous levels.

So where are all of these pensions eventually going to come up with 6 trillion dollars?

That is a very good question.

Ultimately, even if financial conditions stay as stable as they are right now, a whole lot of people are not going to get the money that they were promised.

But things will get really “interesting” if we see a major downturn in the financial markets.  According to Dave Kranzler, if the stock market were to fall by 10 percent or more and stay there for a number of months, that “would cause every single public pension fund to blow up”.  And Kranzler is also deeply concerned about the tremendous amount of exposure that these pension funds have to commercial mortgages…

Circling back to the mall/REIT ticking time-bomb, while the Fed can keep the stock market propped up as means of preventing an immediate nuclear melt-down in U.S. pensions (all of which are substantially “maxed-out” in their mandated equities allocation), the collapse of commercial mortgage-back securities (CMBS) will have the affect of launching a nuclear sub-missile directly into the side of the U.S. financial system.

The commercial mortgage market is about $3 trillion, of which about $1 trillion has been packaged into asset-backed securities and stuffed into yield-starved pension funds. Without a doubt, the same degree of fraud of has been used to concoct the various tranches in these CMBS trusts that was employed during the mid-2000’s mortgage/housing bubble, with full cooperation of the ratings agencies then and now. Just like in 2008, with the derivatives that have been layered into the mix, the embedded leverage in the commercial mortgage/CMBS/REIT model is the financial equivalent of the Fukushima nuclear power plant collapse.

I have previously talked about the ongoing retail apocalypse in the United States which threatens to make so many of these commercial mortgage securities go bad.  It is being projected that somewhere around 3,500 stores will close in the months ahead, and this is going to absolutely devastate mall owners.  In turn, it is inevitable that a lot of their debts will start to go bad, and pension funds will be hit extremely hard by this.

But the coming stock market crash is going to hit pension funds even harder.  Stocks are ridiculously overvalued right now, and if they simply return to “normal valuations”, pension funds are going to lose trillions of dollars.

We are talking about a financial tsunami that will be absolutely unprecedented in our history, and yet investors continue to act like the party can last forever.  In fact, we just learned that margin debt on Wall Street has just hit another brand new record high

The latest data from the New York Stock Exchange show margin debt, or cash borrowed to buy shares, hit a record $528.2 billion in February, up from its prior high of $513.3 billion in January.

Of course my regular readers already know that margin debt also shot up to dramatic peaks just before the last two stock market crashes as well

Prior periods when margin debt hit records occurred around stock market peaks, including 2000 when the dot-com stock boom went bust, and 2007 when stocks began to crater amid early signs of trouble in the housing market ahead of the 2008 financial crisis.

Margin debt jumped 22% from the end of 1999 before peaking in March 2000 at $278.5 billion, the same month stocks peaked. In 2007, margin debt shot up to $381.4 billion in July, three months before stocks topped.

We are perfectly primed for the greatest financial disaster in American history, and yet very few people are sounding the alarm.

This massive financial bubble is a ticking time bomb, and when it finally goes off it is going to wipe out virtually every pension fund in the United States.


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Watch These Geopolitical Flashpoints Carefully

Watch These Geopolitical Flashpoints Carefully | lighting-match-flashpoint | Economy & Business World News

Anyone who has been involved in alternative geopolitical and economic analysis for a decent length of time understands that the establishment power structure thrives according to its ability to either exploit natural crises, or to engineer fabricated crises.

This is not that hard to comprehend, but for some reason there are a lot of people out there who simply assume that global sea-change events just happen “at random,” that the elites are stupid or oblivious, and that all outcomes are a matter of random chance rather than being directed or manipulated.  I call these people “intellectual idiots,” because they believe they are applying logic to every scenario but they are sabotaged by an inherent bias which causes them to deny the potential for “conspiracy.”

To clarify, their logic folds in on itself and becomes faulty.  They believe themselves objective, but they abandon objectivity when they staunchly refuse to consider the possibility of covert influence by organized special interests. When you internally dismiss the possibility of a thing, no amount of evidence will ever convince you of its reality.  This is how the “smartest” people in the room can end up being the dumbest people in the room.

In the survivalist community there is a philosophy – there is no such thing as a crisis for those who are prepared. This is true for prepared individuals as much as it is true for prepared communities and prepared nations. The only way a society can fall is when it becomes willfully ignorant of potential outcomes and refuses to organize against them.

By extension, it would make sense that by being prepared for a particular crisis or outcome an individual or group could not only survive, but also profit. It is not crazy or outlandish to entertain the idea that there are groups in power (perhaps for many generations) that aggressively seek to predict or even force particular outcomes in geopolitics for their own profit. And, by profit, I do not necessarily mean material wealth. In many cases, the power of influence and psychological sway over the masses might be considered a far greater prize than money or property.

You can buy slaves or purchase the means to make demands of people at gunpoint, but you cannot put a price on fealty or adoration. This is what establishment elites ultimately want – voluntary servitude from the populace. They want us to beg for their leadership rather than begrudgingly accept it under threat.

To this end, a Hegelian model of problem – reaction – solution is required. You cannot influence people to volunteer for servitude and submission unless they are sufficiently terrified of the alternative.

The globalists tend to use what I call a “scattershot effect” when it comes to creating or managing chaos. They set the stage for multiple flashpoints around the world and wait to see which of them works and which of them fails. If you have enough of these flashpoints in place, statistically there is a high probability that at least some of them will succeed. We saw this in obvious form a few years ago when covert intelligence agencies instigated the “Arab Spring” insurgencies in Libya and Egypt among other nations, along with the funding and training of terrorist groups in Libya and Jordan that went on to become ISIS in Syria and Iraq, and at nearly the same time we had elitist lapdogs like John McCain in both Syria and Ukraine helping to foment unrest and civil war.

All of these engineered events created a wave of global instability that exists to this day. Not only this, but one successfully executed flashpoint has the ability to give birth to dozens of new flashpoints. They tend to spread, like a cancer.

That said, some flashpoints are more dangerous than others.  Here are just a few of the events I consider the most volatile right now.

U.S. Debt Ceiling Battle Ahead?

I realize we have seen this many times in the past eight years under the Obama administration; extreme media hype over possible conflict between Republicans and Democrats in extending the ongoing debt ceiling problem for another couple of months or another couple of years. In every instance, Republicans feigned attempts to reduce government spending and then rolled over to extend. The entire fight was purely theatrical and likely meant to distract the public.

However, in this instance, certain elements are very different.

With the deadline of March 15th crossed, the clock is ticking on remaining funds and “extraordinary measures” designed to stretch the federal budget until a vote on a debt ceiling extension can take place. Funds are predicted to last perhaps until this fall. Treasury Secretary Steven Mnuchin, a Goldman Sachs alumni, has of course asked congress for a quick vote to raise the ceiling.  This is rather counter to Donald Trump’s original position that constant national debt increases are “embarrassing” to Republicans.

Given, it is not Trump’s fault that he inherits the most massively inflated liability bubble in U.S. history after Barack Obama nearly doubled the national debt during his tenure (an incredible feat, to be sure). But, this does not change the reality that the U.S. is far beyond its means to balance the budget or maintain the current level of spending. And, I would remind everyone that the official debt does not even including the trillions in ongoing costs associated with entitlement programs or social security.

With U.S. debt at a breaking point, it would seem prudent to institute considerable spending cuts. Of course, where those cuts are applied may become the excuse needed to drive the debt ceiling debate into crisis this time around.

I am not at all surprised that Democratic senate minority leader Chuck Schumer has recently vowed to throw the debt ceiling talks into disarray if Trump continues to pursue a rollback of Obamacare, the building of the southern border wall, or the defunding of Planned Parenthood. Schumer has specifically warned of a government shutdown designed to prevent the Trump administration from instituting such policies.

So, you can see why this particular debt ceiling fiasco might be different. With Trump in office, establishment elites do have a perfect opportunity to sow fiscal chaos and scapegoat conservatives in the process. Whether they will follow through or not remains to be seen…

North Korean Wildcard Returns?

They’re baaaaaaaack! Yes, North Korea pops up out of the geopolitical ether every two-three years or so to flood the mainstream media with headlines of apocalypse. Every new missile advancement or rocket test by Pyongyang conjures images of ICBMs and mushroom clouds. North Korea appears to be the globalist “ace in the hole” at times. If they ever need a war, North Korea is more than happy to oblige. If they ever need a villain to place at the forefront of a false flag terrorist attack, North Korea is a perfect candidate. And, with North Korea’s “unique” relationship with China, the diplomatic situation and potential for widespread conflict becomes even more tenuous.

Like the debt ceiling, we have seen numerous instances of heightened tensions with North Korea fizzle out, overblown by the MSM and the Pentagon, perhaps to remind the world why we should continue to be afraid. That said, again, this time feels different.

Secretary of State Rex Tillerson has stated quite blatantly that pre-emptive strikes against North Korea are immediately on the table. Meaning, the mere hint of a threat, whether real or imagined, could be used as a rational to strike kinetically. Not economically, or diplomatically, but a full bore shooting war.

Do I think this is possible? This time, yes, more than ever before. If Trump is to be used by the establishment as a scapegoat for collapse as I predicted long before his election, then a situation must occur in which overt military force abroad and at home is solidified. War is the smokescreen by which terrorism, whether real or state sponsored, flourishes.  Martial law being the inevitable result. War can also be blamed for an economic crisis that was already many years in the making. And, war strains and destroys diplomatic ties with peripheral nations, causing more economic distress.

A conflict with North Korea does offer the globalists a perfect petri dish for directed chaos.

Oil Market Crash Returns?

There are many economic analysts out there that are still waiting for an oil market “crash,” and it is baffling to me why they have not realize that the crash in oil markets has already happened. American oil consumption has been falling off the map since 2008. Projections of oil usage made by the Energy Information Administration have been way off the past several years.  Global increases in demand are also stalling.

While the mainstream media and OPEC hyperfocus on supply and production, the real culprit behind the global oil glut is something that they do not want to address – collapsing consumption. This is why, despite OPEC oil cuts (if they are legitimate), prices have remained static and are now falling once again. Add to this the reality that certain producer nations have been lying about the level of cuts instituted, and yet another oil market reversal will take place.

The initial oil price collapse from over $100 per barrel to around $30 per barrel was an incredible crash, yet no one seems to want to call it a crash.  Today, the price of around $50 a barrel is barely enough for the industry to break even in most cases. As I have been warning since last year, the $20 jump is temporary. OPEC cuts are minimal, if they are even being implemented at all, and demand continues to falter. Slow consumption plus inadequately adjusted production equals price deflation. There is no way around this fact.

Why does oil matter?  This should be apparent to most people, but the stability of entire nations and regions relies heavily on the stability of the oil market.  In particular, the U.S. dollar’s world reserve status is tied inexorably to the fact that it is also the petro-currency. Oil market chaos will no doubt lead to a dump of the dollar itself. In fact, the last time oil fell into the $30 per barrel range, Saudi Arabia openly threatened to begin efforts to decouple from the dollar and shift into a basket of currencies as a means for international oil trade.

The mainstream media tried to bury this story as “empty posturing,” and I think many MSM economists are actually stupid enough to believe that Saudi Arabia dropping the dollar as the petro-standard is inconsequential. What they do not consider is that where Saudi Arabia goes, most other oil producers will follow.

The U.S. economy cannot survive without the dollar’s world reserve status, and by extension its petro-status. A dump of the dollar by OPEC nations would be absolutely devastating. This is why I highly suggest people take note of oil prices carefully this year, and not underestimate their importance to the wider geopolitical picture.

Resurgence Of Terrorism?

In my article ‘Globalists Want To Destroy Conservative Principles – But They Need Our Help’, I predicted increasing terrorist attacks over the course of the spring in Europe and the US.  I have also recently predicted that if there is a resurgence of terrorism in the EU, Marine Le Pen will win the French presidency.  So far there have been multiple small attacks in France, sporadic riots throughout the EU, and now the latest murders outside the UK Parliament.  Such attacks have not yet been sparked again in the U.S., but I still expect that these events will increase before summer.

Terrorism in itself does not necessarily represent a “geopolitical flashpoint” unless we are talking about something on the scale of 9/11, but it does tend to act as a building catalyst for other major government and social shifts.  The rise of what the globalists call “populism” (their favorite scapegoat now for every crisis under the sun including crises that have been gestating for nearly a decade) could be directly linked in part to the forced mass immigration programs in the EU and the U.S., as well as expanding terrorism.  Every attack will bring certain western nations ever closer to a more nationalist government.

As this process continues, the danger of globalists and central banks pulling the plug on stock market support surges.  From terrorism, to populism to economic collapse – this is the narrative that the public will be sold in the near future.  It is a narrative that could scar the world for generations to come if we do not continue to expose the REAL internationlist culprits behind our ongoing fiscal instability.

Standing Watch

Whenever any alternative analyst writes an article concerning threat assessment, we fully expect that some dimwits out there will jump to the accusation of “doom and gloom.” I’m not sure that anyone really takes them seriously, but let’s think critically for a moment, shall we?

Civilization is fragile and finite. It always has been and most likely always will be. The continuation of peace and stability, even at a micro-level such as a neighborhood or a town, requires vigilance and preparedness. Governments spend billions on think-tanks and working groups whose sole function is threat assessment. They might only be assessing threats to the power elite and not the citizenry, but they exist all the same. No one accuses these think tanks of “doom and gloom” whenever they present an analysis that is not the most optimistic.

I hardly see how it is logical to deny the common public the right to our own “think-tanks,” or to be skeptical of our current “stability.” The fact of the matter is, alternative analysts (myself included) have been proven right time and time again in our predictions and warnings, all while mainstream analysts regurgitating endless false optimism have been proven indelibly wrong. We do not promote “doom and gloom.” We present reality.

Great social and political changes never happen in a vacuum. There are always triggers and warning signs.  Sometimes these events are naturally occurring, sometimes they are created. In either case, to stay watchful and mindful is pure common sense. This does not mean we need to be in a state of constant panic. On the contrary, as I mentioned in the beginning of this article, the prepared have no need to panic.

 

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This article first appeared at Alt-Market.com.


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Depression-Level Unemployment in America

Depression-Level Unemployment in America | unemployment | Economy & Business Sleuth Journal Special Interests

Monthly Labor Department jobs reports are phony. Paul Craig Roberts calls them “a bad joke,” saying America’s economy is a “house of cards.” A day of reckoning awaits.

Job numbers are inflated, manufactured out of thin air, partly based on a so-called birth-death model, estimating net non-reported jobs from new businesses minus losses from others no longer operating.

The Bureau of Labor Statistics (BLS) admits misreporting, saying “(t)he confidence level for the monthly change in total employment is on the order of plus or minus 430,000 jobs.”

Mark Twain’s maxim about lies, damn lies and statistics applies mostly to managed news misinformation.

NYTimes editors reported a fantasy rosy scenario, saying job growth is “positive…averag(ing) about 200,000…a month for the past year…unemployment (at) 4.7%…the economy…steadily progressing toward full employment…(a) sweet spot (enabling) everyone…able and willing to work to get a job.”

Fact: So much for fairy tales. Most jobs created are rotten low-pay, poor-or-no benefit part-time ones. Most good full-time ones were offshored to low-wage countries.

Fact: Real unemployment is nearly 23%. Last March the Economic Collapse blog reported 102.5 million working age Americans without jobs, saying “(c)learly, we have never recovered from the impact of the” 2008-09 economic crisis, things as dire today as a year ago, maybe worse.

Reagan administration Office of Management and Budget director David Stockman gave a dark assessment of economic conditions, calling the post-election stock market rally “the greatest suckers’ (one) of all time,” based on what won’t happen, explaining:

Trump inherited a $20 trillion dollar deficit plus a “built-in deficit of $10 trillion over the next decade under current policies…”

“Yet he wants more defense spending…sweeping” corporate and individual tax cuts, “more money (for) border security and law enforcement,” more for veterans, and a “trillion dollar infrastructure program.”

Stockman calls it “madness…(I)t won’t happen,” adding March 15 is the day the 2015 Obama/Speaker Boehner national debt ceiling holiday expires, freezing it at $20 trillion unless Congress changes the law.

If not, the Treasury will be out of cash by mid-year, said Stockman. He predicts “the mother of all debt ceiling crises,” everything “grind(ing) to a halt,” followed by “a government shutdown,” adding:

“There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”

“There is no booming recovery coming,” no fiscal stimulus to bail things out. If Stockman is partly right, Trump will have a collosal mess on his hands tough to contain.

Economist John Williams estimates unemployment at 22.7%, saying “(r)eal world employment prospects deteriorated in February…plunging at an annual pace not seen since the depths of the economic collapse into 2009” – not a pretty picture.

The “economy…steadily progressing toward full employment” Times editors claimed doesn’t exist. Rising interest rates won’t help things.

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How The Federal Reserve Is Setting Up Trump For A Recession, A Housing Crisis And A Stock Market Crash

How The Federal Reserve Is Setting Up Trump For A Recession, A Housing Crisis And A Stock Market Crash | janet-yellen-federal-reserve | Economy & Business Federal Reserve Bank Trump

Most Americans do not understand this, but the truth is that the Federal Reserve has far more power over the U.S. economy than anyone else does, and that includes Donald Trump.  Politicians tend to get the credit or the blame for how the economy is performing, but in reality it is an unelected, unaccountable panel of central bankers that is running the show, and until something is done about the Fed our long-term economic problems will never be fixed.  For an extended analysis of this point, please see this article.  In this piece, I am going to explain why the Federal Reserve is currently setting the stage for a recession, a new housing crisis and a stock market crash, and if those things happen unfortunately it will be Donald Trump that will primarily get the blame.

On Wednesday, the Federal Reserve is expected to hike interest rates, and there is even the possibility that they will call for an acceleration of future rate hikes

Economists generally believe the central bank’s median estimate will continue to call for three quarter-point rate increases both this year and in 2018. But there’s some risk that gets pushed to four as inflation nears the Fed’s annual 2% target and business confidence keeps juicing markets in anticipation of President Trump’s plan to cut taxes and regulations.

During the Obama years, the Federal Reserve pushed interest rates all the way to the floor, and this artificially boosted the economy.  In a recent article, Gail Tverberg explained how this works…

With falling interest rates, monthly payments can be lower, even if prices of homes and cars rise. Thus, more people can afford homes and cars, and factories are less expensive to build. The whole economy is boosted by increased “demand” (really increased affordability) for high-priced goods, thanks to the lower monthly payments.

Asset prices, such as home prices and farm prices, can rise because the reduced interest rate for debt makes them more affordable to more buyers. Assets that people already own tend to inflate, making them feel richer. In fact, owners of assets such as homes can borrow part of the increased equity, giving them more spendable income for other things. This is part of what happened leading up to the financial crash of 2008.

But the opposite is also true.

When interest rates rise, borrowing money becomes more expensive and economic activity slows down.

For the Federal Reserve to raise interest rates right now is absolutely insane.  According to the Federal Reserve Bank of Atlanta’s most recent projection, GDP growth for the first quarter of 2017 is supposed to be an anemic 1.2 percent.  Personally, it wouldn’t surprise me at all if we actually ended up with a negative number for the first quarter.

As Donald Trump has explained in detail, the U.S. economy is a complete mess right now, and we are teetering on the brink of a new recession.

So why in the world would the Fed raise rates unless they wanted to hurt Donald Trump?

Raising rates also threatens to bring on a new housing crisis.  Interest rates were raised prior to the subprime mortgage meltdown in 2007 and 2008, and now we could see history repeat itself.  When rates go higher, it becomes significantly more difficult for families to afford mortgage payments

The rate on a 30-year fixed mortgage reached its all-time low in November 2012, at just 3.31%. As of this week, it was 4.21%, and by the end of 2018, it could go as high as 5.5%, forecasts Matthew Pointon, a property economist for Capital Economics.

He points out that for a homeowner with a $250,000 mortgage fixed at 3.8%, annual payments are $14,000. If that homeowner moved to a similarly-priced home but had a 5.5% rate, their annual payments would rise by $3,000 a year, to $17,000.

Of course stock investors do not like rising rates at all either.  Stocks tend to rise in low rate environments such as we have had for the past several years, and they tend to fall in high rate environments.

And according to CNBC, a “coming stock market correction” could be just around the corner…

Investors are in for a rude awakening about a coming stock market correction — most just don’t know it yet. No one knows when the crash will come or what will cause it — and no one can. But what’s worse for most investors is they have no clue how much they stand to lose when it inevitably happens.

“If you look at the market historically, we have had, on average, a crash about every eight to 10 years, and essentially the average loss is about 42 percent,” said Kendrick Wakeman, CEO of financial technology and investment analytics firm FinMason.

If stocks start to fall, how low could they ultimately go?

One technical analyst that has a stunning record of predicting short-term stock market declines in recent years is saying that the Dow could potentially drop “by more than 6,000 points to 14,800″

But if the technical stars collide, as one chartist predicts, the blue-chip gauge could soon plunge by more than 6,000 points to 14,800. That’s nearly 30% lower, based on Friday’s close.

Sandy Jadeja, chief market strategist at Master Trading Strategies, claims several predicted stock market crashes to his name — all of them called days, or even weeks, in advance. (He told CNBC viewers, for example, that the August 2015 “Flash Crash” was coming 18 days before it hit.) He’s also made prescient calls on gold and crude oil.

And he’s extremely concerned about what this year could bring for investors. “The timeline is rapidly approaching” for the next potential Dow meltdown, said Jadeja, who shares his techniques via workshops and seminars.

Most big stock market crashes tend to happen in the fall, and that is what I portray in my novel, but the truth is that they can literally happen at any time.  If you have not seen my recent rant about how ridiculously overvalued stocks are at this moment in history, you can find it right here.  Whether you want to call it a “crash”, a “correction”, or something else, the truth is that a major downturn is coming for stocks and the only question is when it will strike.

And when things start to get bad, most of the blame will be dumped on Trump, but it won’t primarily be his fault.

It was the Federal Reserve that created this massive financial bubble, and they will also be responsible for popping it.  Hopefully we can get the American people to understand how these things really work so that accountability for what is coming can be placed where it belongs.

The post How The Federal Reserve Is Setting Up Trump For A Recession, A Housing Crisis And A Stock Market Crash appeared first on The Sleuth Journal.


Source: Alternative news journal

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