Generational Dynamics Forum - New Site

http://www.zerohedge.com/news/primer-ho ... r-chairman

Kinda what we alluded to on top to bottom core rot or the red or blue rot wordsmiths.
Goes back to the percentages of change.

If you want an example of self destructive behavior on the part of a company, you need look no further:

http://readersupportednews.org/news-sec ... icide-laws

I'd bet a pretty that this got started when some middle manager had to approve throwing out a quantity of product due to weevils, and lost his bonus because of it. So then he adds pesticide and lies on all the documentation. So that kills the birds, somebody finally blows the whistle and doubtless he's fired, but the company is now going to have a serious problem that is going to hurt profits for years. There are a lot of things you can do with impunity in the USA, but killing wild birds isn't one of them.

We are reminded by the dialog of that we cannot therefore settle on abstract grounds, but must handle on its merits in detail what Burke termed one of the finest problems in legislation, namely, to determine what the State ought to take upon itself to direct by the public wisdom, and what it ought to leave, with as little interference as possible, to individual exertion. I find the amount without detail unwarranted to the firm.

Remember when the fire retardant got into the cattle feed. https://en.wikipedia.org/wiki/Bitter_Ha ... 81_film%29
Sometimes people are not aware, and even when they are later they are told to lie. That was a detail specific horror
but the logic should apply to proper solution. The point was individual exertion was not compensated properly then to the individual
and further balance in and of moderation to solution forward. What the damage is to moderate forward is unknown but it sounds like it was a
serious reproach to date.

Indeed I do remember that, Firemaster was used in the feed instead of the trace mineral additive Nutrimaster (I remember Progressive Farmer reporting that as Growmaster, odd). Essentially the entire dairy herd in Michigan had to be put down and buried deep underground. And I know a fair number of people who absolutely deny that such a thing ever happened! It doesn't fit their cosy view of the world, that one person can make a change that impacts so many, so it can't have happened. That's why there are such complicated theories about who shot JFK or any number of other historical events that hinged on a single person, many people do not want to believe that a single person can change everything.

And that's a large part of the reason why there is so much cradle to grave anxiety about chemical disposal now. A lot of what's peddled now is damned dangerous stuff.

http://www.michigan.gov/documents/mdch_ ... 2051_7.pdf

Follow up: http://www.wzzm13.com/news/article/2260 ... ing-jailer

aedens wrote:Follow up: http://www.wzzm13.com/news/article/2260 ... ing-jailer

That's a very sweet story. Gives us hope. Maybe we won't have a war after all.

The actions by the FED and ECB to promise "unlimited" printing of money until "the problem is fixed".

The actions of Generation X reporters holding the Generation X President accountable.

The report of an old China Hand that the newly rich and upper middle class of China want to take their wealth and their children and get out of China.

http://generationaldynamics.com/forum/v ... =10&t=1630
http://generationaldynamics.com/forum/v ... =10&t=1628
http://generationaldynamics.com/forum/v ... =10&t=1624

Why these new actions now ?

John's point that people in the know are feeling desperate appears the most reasonable explanation:

John wrote:

OLD1953 wrote: ...
However, I do believe there's a more credible reason to explain the
behavior of Bernanke and other officials. ... It's because
they're absolutely desperate.
...
John

But what is it that people in China, the FED, the ECB and reporters all know.

Or is it just that the reporters see the fear in the government officials who normally do not show fear ?

What is causing the desperation?

What is causing the desperation? http://generationaldynamics.com/forum/v ... 220#p14996

They are just switching toxic paper to you and not them. As we warned.

Tue Sep 04, 2012 They will never let it happen since appurtenances rule over reality. Regulating hypothecation goo vary's depending on context and on the jurisdiction. Marked to book or market, as of a annuity that would kill the parasites of leveraged multi shadow collataral.

http://www.bloomberg.com/news/2012-09-1 ... aders.html
The new rules are rooted in the 2010 Dodd-Frank Act, passed in reaction to the near-collapse of the financial system in 2008, caused in part because derivatives contracts weren’t backed by enough collateral.

I think they are desperate because they don't see the expected recovery from their manipulations. They can't look at facts straight on, they've always got them skewed by so many factors they've edited out reality from the numbers they examine. Look at the job numbers charts for the recessions since 1950.

http://economix.blogs.nytimes.com/2012/ ... changes-4/

Which is terrible. What's more interesting is that private sector jobs are above the level they were in at the start of 2009, the big drop has been in government jobs. I could spend ten minutes mocking the election rhetoric with those facts, but I'll let you roll your own.

The despair comes from something most don't realize, the very wealthy are generally insecure people, well aware that shifting political or economic winds can take it away from them. Bernake is afraid of these kinds of changes and he's seeing them coming like a tidal wave. His reactions are much like someone who wants to put out a fire, but they've only got buckets full of gasoline. So he burns a little on this side and a little on that side trying to keep it contained in a firebreak, but he's not putting the fire out at all. The core problem is still there.

This is interesting, about mortgages.

http://www.calculatedriskblog.com/2012/ ... ehold.html

"The value of household real estate is still $5.9 trillion below the peak."
"Household net worth was at $62.7 trillion in Q2 2012 (up $11.5 trillion from the trough, but still down $4.7 trillion from the peak)."

Looks like someone is putting money in the old piggybank. That's 1.2 trillion added to household net worth that isn't real estate. Or, since the low was reached in 2009, that would be about 400 billion per year not spent by consumers but added to net worth somewhere. Given that younger people are having immense troubles with student loan debt, this almost has to be older people with fear of retiring on a diet of cat food.

Contemporary economies have an unprecedented capacity to absorb inflating Credit/purchasing power. Apple expects to sell 10 million iPhone 5's this weekend. Throw more Credit and higher incomes at our economy, and folks can acquire more cool technology products, enjoy more downloads, do more laser treatments or dine at more upscale restaurants. Literally Trillions of deficits and Fed monetization can be readily absorbed with hardly an impact on CPI. A services and consumption-based economy is - at least during a Credit cycle's upside - something to behold - and confound.

http://www.safehaven.com/article/27024/ ... leveraging

This is a point I've been making in different words. The words I've used are that in this economy, the shrewdest operators like Apple move the QE money into their coffers. I also look at this as some version of "let them eat cake" before the world collapses into a new dark age.

Our economic structure certainly enjoys unmatched capacity to absorb Credit excess without engendering traditional consumer price inflation. Yet there is indeed a huge problem that no one seems to want to recognize: Our system also has an unprecedented capacity to expand Credit that is backed by little in the way of wealth-creating capacity. Our government literally throws Trillions at the economy - Credit that inflates incomes and sustains consumption and elevates asset prices. The downside of this economic miracle is that, at the end of the day, there's little left to show for the whole exercise except for an ever-expanding mountain of suspect financial claims.

The claims end up on one side of the ledger, and the money that the shrewdest operators pile up - minus their costs - ends up on the other. The costs are the critical (and unseen) issue because that is capital lost forever in a maladjusted junk economy.

After all, find a system that doubles mortgage Credit in about six years and then proceeds to double federal debt in four - and you will no doubt locate a deeply maladjusted economic structure. Such gross financial imbalance ensures economic imbalance.

Oh, I guess I failed to mention that total (financial and non-financial) Credit ended Q2 at a record $55.031 TN, or 353% of GDP.

Another relevant point would be that 353% is built on a deteriorating base - more Apple devices as mentioned, more overpriced education, more overpriced health care, and less real production than ever.