Loading ...Tonight’s Djmm is a bit weak (stand down ipso) but I play what I can…first off, Maya’s Riders….
Cash less Society is a TAX SCHEME
would be a disaster because liquidity would disappear but the only really functional financial means of trade will go to Zero in a hurry .Credit could not take its place because its a debt instrument and has an interest cost and a NEW TAX to further reducing the dollars value as a means of exchange.The velocity of money would go to Zero making a restoration of inflation impossible and result in the deepest sort of depression .Exactly what the Fed wants to avoid .
Those greedy politicians know not what they ask ,they make it worse,they are too stupid to Lead anything Financial.
Some claim people will be forced to take their cash to the Bank even at zero interest rate and thereby provide liquidity to bank lending,,,but but Banks had billions to loan out and didnt do it ..plenty of liquity supplied by the Fed so that theory is Bunkum ..Giving more liquidity to Banks merely gives them more to lend BACK to the GUbberment for a secure loan riskless. So its a false narrative ,a LIE to suggest it helps restore liquidity. It only serves as a TAX scheme PERIOD !
Dirty scheming worth less bastards who are Parasites to the People. Any Politician who advocates Cash less should be “Horse whipped ” for land lubbers or “Keel Hauled ” as Sailors know it…
The riots in Germany
Some speculating about that’s why their doing jade helm. What’s strange notice the date on this and noticed other dates also fast forward.
Eeos 15:36
The thing is, why should we have to go to that extent to inconvenience the many because of the few pompous idiots that want to steal ah I mean control ” our” money. The banks are making excuses of lending that never happened their playing the market and didn’t pay back to the people and now wants more? Major conflict of interest.
scruffy
it’s no problem if they go to a digital cash system because people will know and establish barter instead. They can’t stop people’s willpower and it will fail
Got a email
Why is nerve gas antidote being distributed in Texas.
Richard640 @ 8:20 – Quote of the day
“These are endearing qualities in any giant flying reptile”
LOL! Thanks, Rich. Another coffee-sprayed screen to clean. 🙂
Scruffy 9:11
What is a pompous idiot. I’ve seen saner people in asylums.
Slick & Slicker
Slick Willie screwed the Poor with NAFTA as he gave their jobs away and Slick Hillary wont stop illegal immigration which keeps the poor on food stamps and in permanent competition with CHEAP illegal LABOR ..
Fed in Reverse
For all those that used to crow about the Fed not printing the money to pay the interest with on Bonds in a fractional reserve currency scheme and thereby causing a boom & bust by those left without enough income to pay interest in a zero sum economy .Well now that bonds yield just about zero ,which makes almost all bonds zero coupon bonds .The Fed is printing enough money to pay the interest at 100 % ,but nothing for the Bond itself which has become a trap that yields nothing and must be held to maturity to get the full promised payment .As inflation rises their choice is to sell at a discout or hold to maturity with inflation eating their purchasing power away and paying taxes on imputed income ..So the bond holders get a royal screwing ..they become saleable only at a discount and to make matters worse a zero coupon bond holder must pay taxes on imputed interest (phantom income).For 50 years the Fed didnt print the money to pay interest with ..now thats ALL they do is print money to pay interest , 100 % of it..reducing their cost of DEBT to ZERO and leaving Bond Holders out to dry…
At the current rate it might take another 50 years to print away the accumulated interest,so dont expect any return on Bonds until the Guvvy is OUT of DEBT ….which will NEVER happin .So their choice seems to be continue printing the interest at about 3 % or accept much higher inflation in a stagnate economy which will lead to a new bust ….ta da
Famous Bond Guru Franz Pick used to say “A Bond is a certificate of guaranteed confiscation” …
@ Buygold – No Rhyme or reason
I have noticed a pattern lately of gold’s price drifting lower after COMEX closes… then trend, or even surge, higher when it opens.
I could speculate what it means, but I have given that up.
@ Scruffy – eliminate cash
expect this proposal to eliminate cash to gain wide media exposure and support. This is the NWO’s Holy Grail…. and the end of what little freedom we have left.
They would finally have the total control they seek.
Hillary=the initial caw-caw-cawing of her campaign: it will be “based on diversity, discipline and humbleness.” These are endearing qualities in any giant flying reptile
She’s Back!
JAMES KUNSTLER
And so, from the dormant volcano that is American politics, out flies Hillary, like Rodan the Flying Reptile pretending to be Granny Goose. Now that she is officially flapping around the electorate, the excitable mainstream press reports the initial caw-caw-cawing of her campaign: it will be “based on diversity, discipline and humbleness.” These are endearing qualities in any giant flying reptile, and reassuring to voters who might otherwise fear something a bit darker on the wing.
The Elmer Fudd in the piece at the moment, former Maryland Governor Martin O’Malley, did get off a clever first shot at the flying behemoth when he cracked that “the presidency of the United States is not some crown to be passed between two families,” but it seems to have only provoked a deeper show of humility from the target. She’ll be starting a “listening campaign” to detect rustles of discontent as she banks over the cornfields of Iowa cawing platitudes across the sky, e.g. “Americans have fought their way back from tough economic times.”
Point of fact: no they haven’t. They are still strewn over the landscape with the economic equivalent of sucking chest wounds, but perhaps a few of them have noticed with vicarious satisfaction the astounding rise of the S & P stock index as they lie in a roadside ditch scanning the skies. It must give them some comfort as their lights go out. Just maybe, their children will also have the chance to become Goldman Sachs employees as history marches on. The flying reptile wants to be their champion! She wants to earn their votes — the old fashioned way, by purchasing as much TV air-time as possible to put across the illusion of sincerity. On such campaigns is the decline of empire propelled.
More to the point, what does the flight of Hillary say about party politics in this land? That a more corrupt and sclerotic dominion has hardly been glimpsed since the last Bourbons cavorted in the halls of Versailles? Hence, my view that America will witness a very peculiar spectacle leading up to and perhaps beyond the 2016 election: the disintegration of seeming normality against a background of mounting disorder and insurrection. Hillary will go on caw-cawing platitudes about togetherness, diversity, and recovery while the economy sinks to new extremes of unravelment, and the anger of a swindled people finally boils over.
Neither party shows even minimal competence for understanding the actual crises facing this land, and indeed the project of techno-industrial civilization itself. If the people don’t overthrow them, and grind their pretenses underfoot, then events surely will. In the trying months leading up to the presidential election of 2016, Americans will witness the death of their “energy independence” fantasy — actually a meme concocted by professional propagandists. The shale oil “miracle” will go up in a vapor of defaulting junk bonds. Violence will escalate through North Africa and the Middle East, threatening the world oil supply more generally. I would give a low-percentage chance of survival to King Salman of Saudi Arabia, and to the Saud part of Arabia more particularly as civil war among the rival clans breaks out there, with an overlay of Islamic State mischief seeding even greater chaos, and the very likely prospect of sabotage to the gigantic oil terminal at Ras Tanura on the Persian Gulf. In comparison, the fiasco of Benghazi will look like a mere Three Stooges episode.
If a third party were to arise in all this turmoil, it might not be savior brigade, either. In 1856 the Republicans welled up as the Whigs expired in sheer purposelessness and the Democrats romanced slavery. The nation had to endure the greatest convulsion in its lifetime to get to the other side of that. This time, I’m not at all sure we’ll get to the other side in one piece.
California is about to become the poster child for Global Warming
the ongoing drought was always too much temptation for the looney tune Greens and now reading this article, one can see that every solution has to be green, thus ensureing enormous expense and total failure……..California’s drought/economy is about to get totally screwed by Green only solutions.
Ps apparently California always was desert, the last few hundred years are an abberation.
Coffee’s on
Missed yesterday. My bad.
Kennedy Jr. goes to Sacramento to warn about vaccines.
http://www.sacbee.com/news/politics-government/capitol-alert/article17814440.html
Excerpt:
“They get the shot, that night they have a fever of a hundred and three, they go to sleep, and three months later their brain is gone,” Kennedy said. “This is a holocaust, what this is doing to our country.”
Kennedy has credited the film Trace Amounts with helping to persuade lawmakers to halt a vaccination measure in Oregon. Advocates offered free Trace Amounts tickets to every California lawmaker, visiting offices in the State Capitol on Monday to drop them off. Three rows cordoned off for lawmakers sat empty on Wednesday evening, though some staff members attended.
( Must be the empty chair syndrome.)
Maybe they should ask what happened to the victims in Africa who got the live monkey (virus ) in vaccines to study the effects, or the gays that were given this (virus) in the hep B trials that spread amongst the gay population then to others. Things like law suits in Philippines when they gave vaccines that made people sterile.
I’m not totally against vaccines just what the iniquitous can and do put in them.
Annuity matures
my mother recently turned 96 and immediately got a letter informing her that she was to immediately receive the proceeds. I guess they are tired of paying the the 4.5% minimum interest.
there have to be a lot of corporate zombies that will become very illiquid or investing in junk bonds for yield. A lot of people think their fiat is safe. If someone can take it with the stroke of a few keys, it’s never been more at risk. Think civil forfeiture on steroids.
rno