Financial topics

[Higgenbotham]

I was reminded we have to nice and not call them stupid.

I really don't think the 98th percentile is stupid. They're just smart enough to build a metaphorical ship that's extraordinarily big and powerful and crash it into an iceberg. It does take quite a bit of capability to achieve that.

This seems like the right time to bring up another point, that being that it's believed there were several times in human history when the human population was reduced to a few thousand and likely as few as a few hundred breeding pairs. I don't think that's anywhere in the near or far future, even with extreme weather (warm or cool). So really I am quite optimistic say 10,000 years out when the capability of the 98th percentile ratchets up another notch.

[aeden]

Nations will see and be ashamed, deprived of all their power.
They will put their hands over their mouths and their ears will become deaf.

These zones are stripped of civility as borders fall.
Propaganda will utterly wash them away.

[Higgenbotham]

These zones are stripped of civility as borders fall.

The stripping of civility is why school shootings and other mass shootings are on the rise. But the key thing to understand is that not all victims of school bullying today get their revenge tomorrow. Some wait decades or mete it out in an ongoing low level process. So taking the guns will never solve the problem. And there are a million other things the 98th percentile has missed on the way to current terminal failure.

[Higgenbotham]

And he was talking about the appearance on the world stage of individuals, and he was speaking to the growth of the population and the appearance of new individuals coming into the mass of humanity, and these individuals evidently are barbarians. They came too suddenly to be educated and for the knowledge of how to keep the Western way of life alive. And so these people have increased and now they have taken over power and so now we're in the hands of barbarians. They have no idea of how our society came to be and what is necessary to keep it going. And they're fiddling with the controls. You might think of a monkey flying a 747. They have no idea what they are doing and this is not going to end well with the barbarians at the controls.

We don't have people with a true background of education in history and economics and politics. They're all working on the spur of the moment. They're experimenting to see if this works and see if that works and I really have very serious doubts about the survival of our civilization under such people. I rather expect that a great crisis is coming when the grain will be sifted from the chaff. We're going to see a great separation. Some people are just not going to make it and the old truths are going to come back into fashion because of the need for survival.

The elites are really not elites. They're just as vulgar as the mass. We do not have elites anymore. The elites are really in their attitude and in their behavior they are not elites, they are mass. An elite does not just consent to anything, you know. An elite has his values and his firm convictions. He is striving for something better which he may not be able to achieve but at least he is making an attempt. We don't have anybody attempting anything. Nobody wants to risk anything.

We don't have an elite and I don't see an elite anywhere. Well, there's one guy who I consider to be elite and who is it? Vladimir Putin. There's a man who's got some backbone at least. But I don't see anybody else on the world stage.

And I think that's something that we need in the world. We can't just go on this way but we are going on this way and we shall go on, continue on this way.

I think that we're going to see eventually a series of bankruptcies. And I think that the rise in the interest rate is probably the fatal sign which is going to ignite a derivatives crisis that is going to bring down the derivatives system. There is something like a quadrillion of derivatives and most of them are interest rate derivatives. The spiking of the interest rate in the United States may set that off. And I think that what is going to happen in the world is that eventually we're going to come to a moment where there's going to be massive bankruptcies around the world and what is going to be left when the dust settles is gold and some people are going to have it and some people are not. And then the problem will be to hold onto what you've got. Because it's not going to be a very pleasant world. That's what I see coming, my friend.

--Hugo Salinas Price

"In 1987 Ricardo succeeded his father Hugo Salinas Price as CEO of Grupo Elektra. He is the fourth richest person in Mexico behind Carlos Slim Helu and the 34th richest person in the world with a wealth of around US $17.4 billion in 2012."

http://en.wikipedia.org/wiki/Ricardo_Salinas_Pliego

[aeden]

1931 runs on German and Austrian banks and several of them folded. In 1930 the US, the largest purchaser of German industrial exports, put up tariff barriers to protect its own companies. German industrialists lost access to US markets and found credit almost impossible to obtain.
Many industrial companies and factories either closed or shrank dramatically. By 1932 German industrial production was at 58 per cent of its 1928 levels. The effect of this decline was spiraling unemployment. By the end of 1929 around 1.5 million Germans were out of work; within a year this figure had more than doubled. By early 1933 unemployment in Germany had reached a staggering six million.

Rather than ramping up spending, Bruning decided to increase taxes to reduce the budget deficit; he then implemented wage cuts and spending reductions, an attempt to lower prices. Bruning’s policies were rejected by the Reichstag – but the chancellor was backed by president Hindenburg, who in mid-1930 issued his policies as emergency decrees. Bruning’s measures failed and probably contributed to increased unemployment and public suffering in 1931-32. They also revived government instability and bickering between parties in the Reichstag.

Imported enclaves are a tax increase on the existing base.
Operation sticky wages for the bund will not be pretty
but the Germans should know the sinister effects of inflation.
As the 5 axis machine operators know here we spend over $20,000
in debt for a $15.00 job with health benefits we cannot even afford.

Food inflation here and the aca tax to support the infiltrated industrial base in both zones.

Or as Bonhoeffer had written the hard currency base was already gone and paper was abrogated.
The first offensive movement is displacement in the civilian base to tactical operations.

[aeden]

https://pro.hsionlineorders.net/p/HSI17 ... 24/?h=true
Now you know why the bees are targeted and the assault on regional fauna to eliminate the source.

[John]

From WSJ newsletter:

A Bill Comes Due

First, there was a corporate borrowing binge. Now the debt is
maturing.

The bill is coming due on trillions of dollars in companies' bonds, a
development that will test corporate health and ripple through the
markets.

As much as $1.7 trillion of non-financial corporate bonds mature
globally this year, and $2 trillion or more could mature in each of
the next four years, according to research released Tuesday by
McKinsey & Co.

Record amounts of debt are maturing just as a rise in rates is
starting to accelerate, forcing companies to pay up if they want to
refinance their maturing bonds. That may be challenging for some
companies, particularly those with weak credit.

"As we see all these bonds coming due over the next five years, I
think it’s likely a number of these companies will end up defaulting
or won’t be able to afford higher interest rates to refinance," said
Susan Lund, a partner at the McKinsey Global Institute, and the lead
author of the report.

The period of super-low rates that followed the financial crisis
encouraged borrowing among riskier companies, increasing the size of
the junk bond market dramatically.

Easy-money policies enacted by central bankers pushed many investors
to overlook the rise in leverage. But with the Federal Reserve set to
pick up the pace of rate increases, concerns about debt are focusing
in on non-financial companies.

"If you ask about non-financial corporates, that's really where
leverage is at levels that are high relative to history," said Fed
Chairman Jerome Powell, in response to a question at a press
conference last week.

To be sure, rates are still quite low, and few believe they will rise
fast enough to bring up the rate of defaults considerably on their
own. After all, corporate earnings broadly are rising and many firms
are sitting on massive stockpiles of cash. Instead, it may take a
recession for firms to see a broader fallout.

But already, stock investors are also starting to take notice. Shares
in companies with strong balance sheets have outpaced those with weak
balance sheets by 6.3 percentage points this year, according to
Goldman Sachs researchers, who expect that trend to continue. For much
of the economic cycle, weak balance sheet companies were the
outperformers as companies were rewarded for adding leverage.

[aeden]

sold 20% book 4

Corporate defaults total $50B in debt so far this year

The cost of capital for corporates is now higher than the return on capital. t

no debt matters

milliseconds

Wells has her mental disease (liberalism) under control. Evidently she has taken the Red Pill.
200 million voters don’t know and don’t care.

https://www.youtube.com/watch?v=Q3dvbM6Pias

https://votesmart.org/bill/24415/62388/ ... -amendment

[aeden]

https://www.zerohedge.com/sites/default ... k=13Eo9q1B

https://www.youtube.com/watch?v=TAqZb52sgpU

Due to Brazil’s long history of slavery and the subsequent exploitation of its political process and resources by foreigners, there is an ingrained mentality among elites who see workers as inferior. Once there were 50 or 60 families that controlled all the wealth, and today there are about 200 families, but it is the same mentality, it is like the mindset of plantation owners in the United States in the Deep South in the 19th century.

Brazilian Labor Party PTB center-right
Democrats DEM center-right
Progressive Party PP center-right
Party of the Republic PR center-right
Brazilian Democratic Movement Party PMDB center
Brazilian Republican Party PRB center
Christian Social Party PSC center
Brazilian Socialist Party PSB center-left
Brazilian Social Democratic Party PSDB center-left
Democratic Labor Party PDT center-left
Green Party PV center-left
Workers' Party PT center-left
Partido Popular Socialista PPS left
Socialism and Freedom Party Psol left
Communist Party of Brazil PCdoB left

As we watch here and there the center gets ground to dust.

As for the tea party flypaper reality we had a few who put the cards on the table.
The rest will be remembered for what they actually are.
Walking in circles from the dialectic to the Augustinian maxim witnessed.
The walking together with paralleled constructs understand what position must be defended.
Balance will remove the criminal elements and they know this also.

Why do you think Trump went after NAFTA? The China shell companies operating in Mexico paying zip
You still cannot permeate the Democrats ability to commit suicide on a emerging market scale of corruption
as the Left coast demigods fall.
https://www.zerohedge.com/news/2018-06- ... unexpected

As we are warned life is in the blood and the progressive got annihilated from the psycho chick also.

[Higgenbotham]

Billionaire investor Jim Mellon: This is the start of a ‘very major’ correction

“The U.S. is selling at 32 times cyclically adjusted price-to-earnings (PE) ratio, which is an all-time high,” he said. “Surely it’s time for a major correction anyway.” More overvalued than in 1929 and 2000? According to Mellon, yes.

https://www.marketwatch.com/story/billi ... 2018-06-19