Revolving Credit

The implications of this turn green shoots into black roots.

Unarguably disastrous

Utah...

Taxes on corporations, the franchise tax, were in free fall, plummeting 73 percent.

He said, "That's one that I think is probably the most scary. That means that businesses are way down, that means employment is going to be down."

Read.

These Captives of the Matrix destroy it

How soon The Institution forgets the founder's stated goal.

In Alfred Nobel's will, among the criteria for the Peace Prize was “abolition or reduction of standing armies”.

Read.

The uS Government is dying

Welcome to the Untied States...

The US Government is dying. Its ultimate fate was sealed the moment the Federal Reserve Fiat money system was put into place. Like a recreational drug user enjoying that first chemical rush, those who created the federal Reserve luxuriated in the seemingly endless flow of money pouring forth from the Federal Reserve, money used to prolong and consolidate power, money spent without worry in the full knowledge that it was going to be someone else's problem to pay it all back.

But now the US Government is paying the price for that glorious free-spending time of so long ago. Like a recreational drug user now turned hopeless addict, the government has taxed profitable businesses into seeking friendlier homes in other lands, and has turned to looting trust funds and playing bookkeeping games trying to hold off the final collapse...

The U.S. Government is Dying: No longer able to conceal the financial losses, the US Government, like a desperate addict, is turning to crime as a source of funds, crime on a global scale, conquest, war for profit, call it what you will, an invasion and looting of a nation is different from an invasion and looting of a home only in scale.

Silly ass solution at the end of the article would best be ignored.

Full essay.

Consumer Credit Has Fallen Off a Cliff

The NYT continues:

“For the first eight months of the year, the United States trade deficit with China is down by about 14 percent or $20 billion, compared with one year ago. The nation’s trade deficit with Japan has shrunk by almost 20 percent, and its deficits with Mexico, Canada and the European Union are down more than 40 percent.

“The huge shift stems mainly from the staggering collapse in trade. With credit markets frozen and Americans facing the highest unemployment in more than 30 years, the United States suddenly stopped shopping overseas at anywhere near the volumes that had become normal.”

Americans were the world’s champion consumers. Just lend them money; they’d spend it. But when they stop spending it brings a hush to the entire planet. The malls go quiet…trucks slow down…ships are idled…and finally factories are shut down. Clerks, drivers, stevedores and assembly line workers all go home. That is what a depression is all about.

The feds are trying to get consumers to spend again. They’ve given them tax rebates, incentives, loans, and bribes. They’ve run a federal deficit three times higher than the previous record. They promise $1 trillion deficits “as far as the eye can see.” And they put at risk a sum of money equal almost to the entire US GDP.

Highly recommended.

News You Can Use

Systemic Failure Approaches

In fact, my forecast is for systemic failure. Its primary elements will be a failed US banking system (as in seizure) and a USTreasury Bond default (as in coerced restructure). Again, martial law and declaration of economic emergency will be the final solution. Two years ago, my analysis regularly mentioned martial law and imposed order to handle the chaos from a disintegrated economy and insolvent dysfunctional banking system. Here we are in the present, when such forecasts do not sound so outrageous anymore. The Jackass has featured a string of seemingly outrageous forecasts that have come true. The US system is credit dependent, and credit will soon be cut off, in the next chapter of isolation. The Printing Pre$$ is a temporary solution, en route to a failed state. The US leaders and citizens do not learn from history. They defy history amidst delusions of omnipotent power. See the Weimar Republic, which has gone global! Even the World Bank led by yet another Goldman Sachs pupil warns the Untied States not to assume the USDollar will remain the unchallenged global reserve currency.

Gold hit an all-time high today of $1044.80.

Where will it go?

To the moon.

Full article.

Celine's Laws

What it means to be radical (fundamental)...