Larry Kudlow the new economic advisor of the Trump administration that is an ex Jew converted to Catholicism, of course concerning economic or monetary policy once a Jew always a Jew.
[youtube]https://www.youtube.com/watch?v=ebajv8mjPTo[/youtube]
S&P barely able to retrace itself from previous losses of last month and the dollar is tanking.
Today’s music theme is by Bob Seger with the song, “Like A Rock.”
This market is just dropping like a thrown rock…
[youtube]https://www.youtube.com/watch?v=9b4cW9sx47A[/youtube]
Still the same is a way better Bob Seger song.
No new financial crisis in ‘our lifetimes’ - Yellen
No Rate Normalization During My Lifetime - Bernanke
Never bet against America - Buffett
Who are you going to believe, the Fed or your own lying eyes? 
If I bet “down” and I’m right, then I’m going to have bigger problems. Up is the only way forward and I don’t think you or I will live to see a complete loss of confidence by the sheeple.
The banks have the tools necessary to flood the system with money to literally force stocks higher in lieu of simply buying shares outright, if necessary. I believe that is what Yellen was referring to. And Bernanke states that rates couldn’t rise because cheap money is here to stay, which backs Yellen’s statement. If the market goes down, it’s because they want it down, which means it’s only temporary (shearing the sheep) and therefore any dips are buying opportunities.
Good tune!
[youtube]https://www.youtube.com/watch?v=r5KtEToyWrI[/youtube]
Hotel California is their best tune. A lot has happened since the time of Greenspan, Bernanke, and Yellen where it is becoming significantly harder to prop up this debt fueled illusory service economy of the United States where once it runs its course economic collapse is all but guaranteed. That’s why I created this thread as a sort of illustrating archive on our road eventually to the economic abyss.
It’s quite simple really, financial debt along with the devaluation of money is crippling the United States economically, as it spirals out of control overtime which is all but guaranteed a hard correction is unavoidable where economic collapse is inevitable. There’s nothing the Federal Reserve or anybody can do about it. There is no political cure, solution, or reversing the problem either. There is no feasible way to dig ourselves out of this financial black hole.
We live in a real time dying empire where its last dying gasps will be horrific and will be felt globally. I surmise that this economic collapse will be soon. I estimate sometime between 2019-2025 the latest.
It’s largely why I don’t worry about anything because I already know how all this ends.
A financially indebted Japan last year has been forced to buy up 75% of all Japanese government bonds as of 2017. Just another nation on the road to financial ruin much like the west. One wonders when the Japanese markets will explode down. A friendly reminder Japanese markets are completely dependent on American and European markets predominantly.
[youtube]https://www.youtube.com/watch?v=C7HL5wYqAbU[/youtube]
S&P still dropping along with the rest of the markets in the United States as a looming trade war with China is being proposed. Tariffs on China are estimated to be 60 billion dollars worth.
The goal is to have a 100 billion dollar trade deficit reduction with China.
Here have a funny Chinese rap music video. (Pretty hilarious and stupid that it hurts.)
[youtube]https://www.youtube.com/watch?v=RrGHeabq7CE[/youtube]
Why can debt not grow unbounded forever and ever?
Who cares about devaluation of money when it takes 10x less time to earn a pound of sugar than 100 yrs ago? Old people used to say “I remember when bread was a nickle!” Yeah, but how long did it take you to earn that nickle? Grandpa picked cotton for 10 cents per bag, so maybe he could buy 3-4 loaves per day, but a minimum wage worker today could buy 20 loaves easily even though the bread costs 20x more and the average worker wouldn’t have enough room to store all the loaves he could buy.
Dollar devaluation is a meaningless concept. What is meaningful is how many hours need to be worked to buy something.
Yup and every time there is a financial hiccup, everyone flocks to the safety of the yen. Japan absolutely cannot print enough yen to devalue it and, I swear, if japan sunk into the ocean and ceased to be a country, its currency would reach infinite value instantly.
The more they print, the more need for more printed money to keep the value down. The only way to devalue a currency is to accelerate printing eternally… and it’s possible that the acceleration itself would need to accelerate just to hold the value down. Every yen or dollar or euro printed necessitates the printing of another or else there will be a shortage of currency to pay back the interest on the old money.
Why can’t debt not grow unbounded forever? Compound interest added with declining wages and income along with rising costs. There also develops a sort of revenue crisis to which a government can’t fund itself also. Eventually economic deflation, hyperinflation, or combination of both will take over and completely decimate the entire financial structure. This is where we are currently.
You cannot grow out of debt with more debt.
The European Central Bank, Japanese Central Bank, and the United States Federal Reserve have been propping up each other for eleven years no doubt however this financial strategy can’t continue forever and there is negative consequences that comes with that once exhausted.
Larry Kudlow the new economic advisor of Donald Trump is of course an ex Bear Sterns financial manager. How very ominous…
You all remember Bear Sterns between 2006-2008 right? 
If there is bad personal or corporate debt because declining wages, risky bets, whatever, the fed will simply bail them out with more printed money if it’s problematic.
The country isn’t trying to nor is it a good idea. That is only true for states, municipalities, corps, and people, but the country can never be out of “debt” or there would be no money in existence and we’d still owe the interest.
It’s a common fallacy that national debt must be repaid. That’s why the guy in the video I posted suggested calling it the national “debit”, not “debt”.
They can print to infinity. Once the BOJ owns all the stocks and essentially nationalized private industry, then it will have no choice but to toss money from helicopters in an effort to drive inflation higher. Then when that wears off, they will have to put guns to people’s heads to make them spend the free money.
They can’t fight automation and prices are heading to zero; infinite money will not change that.
Kudblow? Oh hell.
I just listened to Peter Schiff’s latest where he’s predicting an embarrassing loss for Trump next election and I agree. The next pres will make Bernie look like Reagan
If you’ve been paying any attention at all to the policies of the Federal Reserve they can no longer print money ad infinitum where this year they’re actually unloading their balance sheet financially. The Federal Reserve is now boxed in a corner.
Umm no, a nation has to pay down its national debt otherwise it goes financially bankrupt.