Financial topics

[Higgenbotham]

I'm not sure average EROEI is the only important number. Certainly it is important. What is also important are the individual contributions to EROEI from self-contained projects. If there is one large project out there that has an EROEI of 100 and many small individual projects that are below the threshold of 6.9, average EROEI can be well over the stated critical 5-7 range when factoring the many small projects in, but if those individual projects are not profitable to the owners, the projects are shut and the world economy declines anyway.

The Fed may have made many of these marginal projects sustainable on a short term basis and the removal of that false support is how the world economy can collapse all at once. I believe this is the year the world economy heads into the lockup described in the previous 2 posts. It will be a new Dark Age.

[John]

Could you refresh my memory - what's the EROEI?

[Higgenbotham]

Could you refresh my memory - what's the EROEI?

It is an acronym for Energy Return on Energy Invested. I'm using it in reference to recent analysis done by others. What I think is more important than using that term is to understand the concept of project by project analysis I laid out in 2009 and to consider two things:
1. If energy lock-up did occur in 2009, what will the next lock-up look like given the trajectory of individual project energy expeditures over the past 7 years.
2. What are the symptoms/signs that energy lock-up is occurring.

[aedens]

Defined operating at a loss as we considered the burn rate noted in fixed capital and financial repression.
No confusion ever existed why they print at will for first use money. "other than not paying back for some " http://www.zpub.com/un/un-bc-body.html
Again we stressed effective tax rates and corruption.
We will recover what we can which will entail IP and internal repair of what can be.
The market dislocation are imposed from margin capital efforts. As forwarded below they do not
pay and as it appears gaap suffered abuses also on this. http://www.zerohedge.com/sites/default/ ... nt%201.jpg
To sort this out many where secretly pressed and reordered as shared services nodes for cross marketing distribution.
The strain was imposed on many levels still unseen. Some issues cannot be commented on since many bridges where burned the fuck down by choices.

https://www.occrp.org/en/panamapapers/o ... -scrutiny/ <-------------------------------

provides details of the hidden financial dealings of 128 more politicians and public officials around the world.
The cache of 11.5 million records shows how a global industry of law firms and big banks sells financial secrecy to politicians, fraudsters and drug traffickers as well as billionaires, celebrities and sports stars.

Some areas we factored costs to W = lm / (lm/W)
We will economize as we can as we go just in that area
for those paying attention as we go.
900 lumens as existing 60 W / 15 W LED

As we factor fixed cost we are moving to better tech just in that area alone internally.
Insulation and proper electrical power transmission thermal checks as always.

"We must hang together, gentlemen...else, we shall most assuredly hang separately." -- Benjamin Franklin

Cultural relativism as we seen is a dialectical ruse also.

[aedens]

https://foreignpolicy.com/2016/04/04/ch ... disappear/
https://www.occrp.org/en/panamapapers/o ... -scrutiny/
https://panamapapers.icij.org/

33 companies and people blacklisted by the U.S. government appear in Mossack Fonseca’s files
Alleged terrorism and nuclear weapons financiers from the Middle East and North Korea, arms traders and backers of Syria’s barrel bombings found in files
Mossack Fonseca employees repeatedly acknowledged failing to properly check blacklisted customers

“So maybe the next step is corporate service providers,” he said.

And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.

Dullards called taxpayers still slack jawed about the shovel ready comment called drone targets.

First they came for the communists, and I didn't speak out because I wasn't a communist.
Then they came for the socialists, and I didn't speak out because I wasn't a socialist.
Then they came for the trade unionists, and I didn't speak out because I wasn't a trade unionist.
Then they came for me, and there was no one left to speak for me.

“We are not to simply bandage the wounds of victims beneath the wheels of injustice, we are to drive a spoke into the wheel itself.”
Dietrich Bonhoeffer

Your grandchildren will be slaves and shovel ready dead as this evil grows. Wake the F@#K up.

https://www.washingtonpost.com/opinions ... story.html

Another said: "The Panama Papers story, which I just finished reading, was deleted in the blink of an eye.

save it and yank the hard drive for later

So, if I understand this right, people who by most accounts already pay the lions share of the taxes already are trying to shelter their assets off shore to avoid government taxation/confiscation. Is that not what half the posters here on ZH have been promoting for years? Is it simply that they are "rich" people so it's okay to take away their wealth? Anyone who has ever worked overtime and looked at their subsequent deductions should have some empathy. Do we really think Jackie Chan is our problem? A thousand millionaires left France last year...are they evil too?

I ain't got much but I do need this company's phone number.

[aedens]

https://www.craigmurray.org.uk/archives ... nama-leak/ scrubbed for sure more insist

Guardian is quick to reassure that “much of the leaked material will remain private.

Dead guy washes up with brief case will be next we ponder.
http://www.telegraph.co.uk/business/201 ... d-privacy/
From 2013 notes here: check back in four years (2017) and eight years (2021) and see how many of your fellow debt-serfs and tax donkeys have quietly abandoned the bloated cost-structure, debt and derangement of the Neofeudal Debtocracy's twisted consumerist dream.
Vampire economy. The median amount seized by the I.R.S. was $34,000, according to the Institute for Justice analysis, while legal costs can easily mount to $20,000 or more. For example, he said, some grocery store owners in Fraser, Mich., had an insurance policy that covered only up to $10,000 cash. When they neared the limit, they would make a deposit.
Tell me another story of recovery.... Guy walks in from City. Demands $25,000 for unpaid taxes. Call IRS, they cannot do that from your papers we have. Story short. My lawyer says move business, why let parasites eat and fight the next level also. Closed was in the window and changed tech gears.

Hillary to create Jobs. Not going to happen Son.
"The 30 million whose labor funds the parasitic status quo don't have to rebel; they simply have to stop going to work, stop starting enterprises, stop being productive. They just have to tire of being the host, tire of being debt-serfs, tire of being tax donkeys. And when they lay down their burden, there won't be anyone to pick it up: the parasitic financial and political Elites are incapable of being productive, and the working poor don't generate enough surplus to fund open-ended benefits for 110 million non-workers."

sofa change as noted and troll filter and H clearly noted transfer costs.

Herbert Read, The Politics of an Unpolitical (London: Routledge, 1943), pp. 26-27. For a critique of these egalitarian tendencies cf.
Karl Jaspers, Die geistige Situation der Zeit (Leipzig: Walter de Gruyter, 1932 [Sammlung Göschen, Vol. 1000]), p. 36.

sectarian liberals dilute

(i) legal and political equality (franchise) for all, and (2) " self government " based on the rule of the majority of equals."

What should be done is a far cry to what is done....

Americans and Englishmen talking about " democracy " always include the liberal element in their concept of democracy—and this in spite of the fact that democracy and liberalism are concerned with two entirely different problems.

As we counter the silent war paperclips the raw material as people are more important than
the current mid term cycle dialectics. Modern thinkers go far beyond this careful understatement.
They insist with varying degrees of emphasis on the fact that democracy and liberalism are two
entirely different principles dealing with different problems. The root issue remains.

liberty of the document to prosper against locusts who eat even the root

The USA was founded by sociopaths but Christianity (of sorts) hid the reality. Jefferson famously advised slaveholders to use the Irish to clear swamps rather than slaves whom he deemed an asset. Cost basis and we posted that chart to value.
Those who had not yet “made it” included Irish immigrants, who made up a large growing proportion of Northern factory workers. Republicans often saw the Catholic working class as lacking the qualities of self-discipline, temperance, and sobriety essential for their vision of ordered liberty. Republicans insisted that there was a high correlation between education, religion, and hard work—the values of the “Protestant work ethic“—and Republican votes.
The Steam engine and the cotton gin solved that equation as the social arbiters seen motive…
The American WASP project has been dispossessed by a Jewish oligarchy and they want revenge. Yet the double standard is obvious to everyone but the WASP himself. More rapes were perpetrated by the occupying Allies in 1945 Germany than the entire Muslim population in the same country since the Turks started arriving in the sixties. The Jewish oligarchs have done no more than expose the double standard which underpins WASP projects.
As the French Jesuits warned in the 19th century: if a country does not submit to the successor of Peter, it will eventually be taken over by Jewish oligarchs. This warning was issued as a description of process and not of Catholic Church intent. A distinction which WASPs are unable to grasp as they sit down to watch Tom Hanks in Saving Private Ryan or Tarantino's latest effusion.
When Republicans spoke of themselves as a party of “free labor“, they appealed to a rapidly growing, primarily middle class base of support, not permanent wage earners or the unemployed (the working class). When they extolled the virtues of free labor, they were merely reflecting the experiences of millions of men who had “made it” and millions of others who had a realistic hope of doing so. Like the Tories in England, the Republicans in the United States would emerge as the nationalists, homogenizers, imperialists, and cosmopolitans.
"A form of government interesting to ponerologists is one they have called pathocracy, in which individuals with personality disorders (especially psychopathy) occupy positions of power and influence. The result is a totalitarian system characterized by a government turned against its own people. A pathocracy may emerge when a society is insufficiently guarded against the typical and inevitable minority of such abnormal pathology, which ? Obaczewski asserts is caused by biology or genetics. He argues that in such cases these individuals infiltrate an institution or state, prevailing moral values are perverted into their opposite, and a coded language like Orwell's doublethink circulates into the mainstream, using paralogic and paramoralism in place of genuine logic and morality."

They are eating themselves to the next level for control metrics. Measured steps for the alleged bail ins would suffice for now.
We pay for human fetal stem cell chop shops horrors and they are deranged to the absolute putrefied core.
The neo pagans imported as before a select minority to clean the streets as was done in Detroit when the Lebanese levels the thieves
with shot guns. Crime stopped when the idiots no longer made it home and they lament a skin color matters when thieves where removed
and witnesses gave a sigh of relief when it did on the eighties. After three or four decades a new set idiots learn lessons, and manners which never meet printed light of day. For other regions who knows since when all is said and done one thing will remain clear.
to paper.


http://ponerology.com/

[aedens]

As was noted by you know who here... and a fine job he does keeping us on keel....

So what happens when someone could theoretically and practically run a small bank that can more quickly adapt to these changes, moving beyond previously existing efficiency advantages because the new technologies enable them to do so? They get crushed by a governmental structure that has a vested interest in maintaining power, but not efficiency. If business gets fundamentally restructured to conform to the new technologies (and nature will win out whether the government fights it or not--it is only a matter of time), then the government itself must downsize and restructure because these new business entities no longer have much need for the current governmental structure and don't want to carry the burden of it. What was once protective has become parasitic.

We crossed that point locally in my view about 12 years ago locally since it took that long to smash the local corruption.
As was detailed a few years to stop kids from getting severely ill, and deaths to way over $800,000.00 to kick dirt over them legally
from the taxpayers to save their own statist ass now.
As my attorney conveyed and was spot on correct then, you have one option since they are deranged and elected.

http://ponerology.com/

http://gdxforum.com/forum/viewtopic.php ... ism#p16558 To the point and past accurate.

https://muse.jhu.edu/login?auth=0&type= ... rguson.pdf
https://en.wikipedia.org/wiki/Pruitt%E2%80%93Igoe

Whenever the practical is forced to submit to ideology, then the people and the state both suffer. And that's where we are now.
Agree, and not forgotten.
http://gdxforum.com/forum/viewtopic.php ... ism#p16569

[aedens]

http://moslereconomics.com/wp-content/p ... s/7DIF.pdf
Relegated minds in the sandbox.

And what happens if you were to go to your local IRS office
to pay your taxes with actual cash? First, you would hand over
your pile of currency to the person on duty as payment. Next,
he’d count it, give you a receipt and, hopefully, a thank you for
helping to pay for social security, interest on the national debt,
and the Iraq war. Then, after you, the tax payer, left the room,
he’d take that hard-earned cash you just forked over and throw
it in a shredder. Yes, it gets thrown it away. Destroyed! Why?
There’s no further use for it.

[aedens]

http://thediplomat.com/2015/03/the-aiib ... ld-do-now/
Option two, which I—along with virtually every other China analyst outside the U.S. government—supported back in October is that the United States join the AIIB. There are several reasons why this is a good idea. It would allow the United States a seat inside the tent where it could be both a positive force for best governance practices and an internal critic if things go awry. idiots squared

separate thread http://www.fort-russ.com/2016/04/putin- ... rt+Russ%29

hamburger inc. http://www.cbsnews.com/news/the-militar ... st-sacred/

Gates has made no secret of his frustration with NATO bureaucracy and the huge restrictions many European governments placed on their military participation in the Afghanistan war.

path is clear on intent: http://thediplomat.com/2016/03/the-chin ... iran-deal/
what public could not provide the capital from evasions it went private to fund it since margin matter.

http://www.businessinsider.com/the-clin ... ium-2015-4
However, it seems more likely that addressing the work to ‘the wise’ is a rhetorical strategy, encouraging the readers to respond to the message of the book, counting themselves as wise. This strategy is found in other apocalyptic literature: “Those who are wise will understand” (Dan 12:10), “I have given wisdom to you, to your children …. In order that they may pass it (in turn) to…the generations that are discerning (1 Enoch 82:2); “Deliver these books to your children… and all your generations who have the wisdom and who will fear the Lord, and they will accept them” (2 Enoch 48:6-7); “He who has ears to hear, let him hear” (Rev 2:7 and similar). In 14:27 Ezra gathers all the people together to instruct them, and it is likely that this is the group intended to hear the message of the apocalypse. It is a message for all the people.

You Americans are so gullible. No, you won’t accept communism outright, but we’ll keep feeding you small doses of socialism until you’ll finally wake up and find you already have communism. We won’t have to fight you. We’ll so weaken your economy until you’ll fall like overripe fruit into our hands.’ — Ezra Taft Benson Speech, 1966, repeating Soviet Union’s Kruschev’s warning.

http://gdxforum.com/forum/search.php?ke ... sf=msgonly
http://gdxforum.com/forum/search.php?ke ... sf=msgonly

Alignment's that John discussed will be interesting.

The cost will be high since liberty and the letter carry a steep price.
In August 1835 pushing a social strategy with the idea of moral destruction of humanity until April 14, 1856, said: " History is the judge, the proletariat of the performer. He found it very rewarding to talk about terrorism, about the houses marked with red crosses indicating that passengers would be executed.

The planted conveyances "Victory in the primaries would carry even an ounce of moral legitimacy."
So, consider yourself worthy of your polished imperial chains in the beltway since 40 percent of the GOP base is voting out of a
poisonous mixture of ignorance and spite.
======================================================================================================
https://www.youtube.com/watch?feature=p ... 75xvZ3osFg
The above link is a 7 minute video that shows how by only fooling with the memory card on a diebolt voting machine,
the votes can be changed to whatever is desired.
Now, please note that many reports are coming in from various precincts in Wisconsin from voters who are stating that the diebolt machines they voted on would not let them vote for Trump.
These reports were filed while the votes were being cast and have come from several unrelated locations/sources. There is no question this election is a fraud!

Rove himself dream the dream. A "battle-tested" surprise nominee, he told Hugh Hewitt, with "strong conservative principles" and "the ability to articulate them" will overwhelm the "acrimony" that such an undemocratic nomination will unleash. With "those convictions that they can express in a compelling way," he observed, "we could come out of the convention in relatively strong position."

personified insanity and we are also entertained with ES/SPY AI

Meanwhile, the dollar, after spiking in the overnight session is suddenly tumbling, putting pressure on European stocks as
the EURUSD surges once again. t
Carry trades, tax shelters, inversions, bank credit all getting slaughtered. Yet we are just 4% from all time highs. s

What’s more, Clinton says she isn’t sure Sanders is a real Democrat.
RULE 12: Pick the target, freeze it, personalize it, and polarize it.” Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions. (This is cruel, but very effective. Direct, personalized criticism and ridicule works.)
http://redefininggod.com/the-rockefelle ... own-words/
#4 #5 #7 http://vigilantcitizen.com/latestnews/t ... formation/
Sorry to offer the point no one under my roof is voting for NEO idiots.
Anyways the shift will be bot calibrated to avoid any captured syncretic mistakes and 404 resulted sweeps.

http://www.mcclatchydc.com/news/nation- ... 02342.html

Yield Checks:
2-yr: +1 bp to 0.73%
5-yr: +2 bps to 1.19%
10-yr: +3 bps to 1.75%
30-yr: +4 bps to 2.58%

http://davidstockmanscontracorner.com/trump-unbound/

"There are still nearly two million fewer full-time, full-pay jobs than there were when Bill Clinton was packing up his bags to leave the White House."
"Even if the likes of Bob Woodward haven’t figured this out, the unschooled Donald Trump apparently has. No wonder they fear Trump Unbound."

As we noted locally they lost half of benefits and one third of wages with Clinton then. No amount of off shoring was missed and who, and why.
Sir James Goldsmith’s 1994 Globalization warning was not missed and we have no structural problem working with other thinking cultures, to be blunt how, and why they did it still is.

Bernie Sanders is right in this instance, http://www.c-span.org/video/?c4587446/b ... trade-deal <----------------------
but I'd love to get an explanation from him as to why he voted for the Commodities Futures Modernization Act of 2000 (signed into law by Bill Clinton), which deregulated derivatives and brought down the US economy.

We explained gradualism before: We can underpin it with Klingberg and his cycle of political deviats. Doctor Quigley seen it early just in that case alone.

https://www.youtube.com/watch?v=-g1TaYYGv8Q explained here for the unintuitive.

Although the CRA was signed into law by Jimmy Carter, two other important acts the Equal Credit Opportunity Act (ECOA) and the Home Mortgage Disclosure Act (HMDA) were signed by a republican, Gerald Ford. The talk show hosts also state that Bill Clinton was responsive for the expansion of CRA and forcing the banks to make bad loans. However, the two major changes in the CRA occurred in 1989 with the passage of the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) and the Federal Housing Enterprises Financial Safety and Soundness Act of 1992. Both were signed into law by George H. W. Bush. Under FIRREA, the reporting requirements of CRA compliance were expanded. The latter act required Fannie Mae and Freddie Mac to support affordable housing by purchasing CRA-qualifying loans. Even though the talk show hosts have said that up to one half of Fannie and Freddie loans were CRA loans, the act suggests that by the year 2010, that one-third of their purchases be affordable housing loans.

If there were pressures to expand CRA lending, it came in part from the banks themselves. As a result of the Riegel-Neal Interstate Banking and Branching Act of 1994, signed into law by George W. Bush, CRA ratings became an important factor in determining if banks could merge or acquire across state lines. Because advocacy groups would use CRA ratings as a protest against the banks in order to get additional CRA lending, the banks greatly expanded these types of loans. I recall going to a Fed Atlanta conference on CRA lending, compliance and enforcement. A banker told me that the Feds never pressured him into making a bad loan. However, because they wanted to expand into other states, they had instituted a more liberal CRA lending policy. So the truth is that if there is blame to be handed out for a misguided CRA policy, it has to be laid at the feet of the republicans and the banks. Jimmy Carter and Bill Clinton are convenient whipping boys and are well deserving of other blame but CRA lending is not one of them.

As we go forward Much of the financial carnage of the past several years, Clinton said, could have been prevented if only his appointed regulator had been kept on after he left office..
“I think if Arthur Levitt had been on the job at the SEC, my last SEC commissioner, an enormous percentage of what we’ve been through in the last eight or nine years would not have happened.”

Clinton said he regretted not trying to regulate derivatives, but that Republicans would have stood in the way. “Now, I think if I had tried to regulate them because the Republicans were the majority in the Congress, they would have stopped it. But I wish I should have been caught trying. I mean, that was a mistake I made.”

Congress provided the lighter fluid and we know who the matches are. It was no accident on the sticky wage to induce consumer tiny bubbles.

Total bullshit we Austrians already knew, as Clinton knew exactly what he was doing behind the Keynasian veil. They have no excuse today, and as a taxpayer we are not blind either. http://gdxforum.com/forum/viewtopic.php ... g+t#p22111

Meanwhile, ISIS member responsible for rocket attack on U.S. Marines killed in strike.
The Treasury Department makes no apologies for not agreeing to the OECD standards.

http://www.militaryhistoryonline.com/20 ... dagap.aspx

[aedens]

Diane Blair. The two women had forged a relationship in the 1970s when they were both teaching in Fayetteville in Arkansas – Bill’s home state – and would remain close until Blair’s death from cancer in 2000.
With the blunt honesty of a trusted friend, Blair raised with Clinton one of the most vexed problems that has bedevilled her years of public service: her toxic dealings with the press. Couldn’t she avoid a lot of grief, Blair suggested, by developing friendlier relations – even fake ones – with media figures? And shouldn’t she stop changing her hair so often?
Blair clearly touched a nerve, provoking a defiant riposte from the first lady. In today’s context, at the end of a week in which Hillary Clinton has yet again found herself face-to-face with a sceptical press demanding answers about her use of a private email address while working as America’s top diplomat, her robust words almost two decades ago sound uncannily prescient.
“I’m a proud woman,” Clinton began. “I’m not stupid; I know I should do more to suck up to the press. I know it confuses people when I change my hairdos. I know I have to compromise.”
But then Clinton’s tone suddenly shifted. “But I’m just not going to,” she said. “I’m a complex person and they’re just going to have to live with that. I’m used to winning, and I intend to win on my own terms.”

http://www.theguardian.com/us-news/2015 ... as-friends

And we wish you luck convincing thinking people who consider you are a employees we do not trust. Smart yes, striking iron leaves scars
on issues, but they cannot speak for themselves now. We all bear them in live and affairs.

DEFERRED COMPENSATION AGREEMENT= payment for - NAFTA / WTO / DERIVATIVES ACT / END OF GLASS STEIGALL = $140 MILLION