Word from their annual meeting at Jackson Hole is that these fools are utterly confused. They have no idea what to do next. They can see that their policies have not had the stated intended effect. And all the other central banks have obediently fallen in line, following America’s lead over the cliff! The homeless situation in Los Angeles. Video-taping the police, while perfectly legal, is still avenged on-the-spot by police brutality. The Illinois lottery cannot afford to pay out winnings, giving IOUs instead. How U.S. sugar tariffs kill jobs. More on police brutality: 2 stories. The derivatives situations is degenerating. The endgame draws near.
Please listen to some comments from the attendees to our first Destination Penang seminar. It was a huge success and, amazingly, nothing went wrong!
Our next effort will be from January 10th to 15th. Try to come if you can…
More damning news over the Clinton e-mails from Bill Still. The U.S.A. and its massive economic collapse – to be blamed on everything except the true cause. A quick tour of the major outrages. Comparing the economic situation pre-2008 with that of today. Things, of course, are much worse now than they were then. China exposed: theirs is/was no capitalist enterprise, just desperate, mindless madness. Now the law of financial bubbles has caught up with them. Gen. Ray Odierno’s metamorphosis from military to financial… in one week! Elements common to all panics throughout history. The terrible reality of the student loan repayment situation.
Bill Still sounds off on the missing e-mails. There is just no way that “that woman” can be allowed to become President. The agony of The Fed (the country’s central bank) being proved horribly and disastrously wrong in their long-term policy decisions, thus having single-handedly ruined the country. The demise of e-mail and the story of the telephone. Why the Russian media is more free than that of the U.S. Comment on the recent New York Times’s lengthy and damning story on Jeff Bezos and Amazon of which he is CEO. The story of a workplace governed by data-driven worker surveillance, vicious, humanity-effacing competitiveness and intolerable hours, a soulless, dystopian workplace.
A detailed description of the four main retailers in the United States and how they are all hurtling towards bankruptcy, closing stores in an all-out panic to save their bottom lines. People still paying off their own student loans often have to help out paying their children’s loans/upkeep as well. The implications of the vast increase in the supply of money and credit. A grim reminder of how America invaded Iraq on totally false pretenses, aided and abetted by the U.K. More about how the American consumer is failing to ‘bounce back’. Demand for food at food banks continues to explode. Tragic stories of people standing outside food banks before dawn to be sure to get something to eat.
‘Prepping’ will not cut it for you when the food and ammo run out. GMO food, massive financial losses, military adventures, mad spending, strict control of your money and what you can/cannot do with it, heavy media propaganda, devastating taxes/social charges, medical crises, rampant, brazen government lying, increasing violent crime (including by the police), etc. etc…. not all of these are found everywhere… but they are in the U.S. Typical net-worth in the U.S. Shortcomings in the Chinese financial system. Why young people are having trouble getting ahead. Why debt matters. The country is bankrupt. Donald Trump has seen his companies go into and out of bankruptcy four times. Does that make him an expert on how to get the country out of bankruptcy? (Just kiddin’!) Keep your e-mail server out of the U.S. A bad story. It is now clearly impossible to ‘repair’ the economy. The perils of doubling down on debt for free as interest rates fall.
The harrowing story of a man in Nevada who wanted to open a restaurant. Truly a case of government run amok. The crisis in the junk bond market. Why things are about to get much worse than they got in 2008/9. The world’s second-richest man, Carlos Slim of Mexico, just lost a tenth of his net worth. More on the nonsense of the reported unemployment figures. More examples of gratuitous police brutality, commonplace now in America. A quick word on the demise of democracy. ‘High-poverty’ is growing to record levels in the U.S. How government creates problems and then adds to them. A couple of statistics to show how ‘well’ the ‘recovery’ is doing. The craziness of the current speculative bubble. How will the Fed deal with the coming downturn? They have no room at all for manoeuvre. What happens to ‘bailout money’. Follow the trail…
A list of high-flying stocks and stock markets which are hitting the skids. The brutal, ongoing commodity deflation shows no sign of abating. A light-hearted look at the indispensability of smartphones. The monumentally corrupt Citigroup laid bare. It is a soul-destroying story. A look at how wages have not kept up with GDP. The trade deficit widened again. Over 60% of America’s top hospitals’ CEOs had no business experience with health at all before their current employment. Health is just another business, right? California real estate today. Economic confidence plunging. There is nobody left to ‘speak the truth’ (which is why we try to do that here!) A litany of more economic bad news to end the show.
A combined effort to prepare for civil unrest. The clouds are gathering. Police brutality is everywhere. General Clark wants to reintroduce internment camps to the United States to receive Americans “suspected of harboring terrorist tendencies”. The alarm bells are actually beginning to be heard. Story of a widow whose bank account has been frozen because she credited it with her inheritance in three small amounts instead of one large one. U.S. wage growth is at its lowest level in more than three decades. Various different signs of a downturn underway. Follow-up from Friday’s comment on Social Security. U.S household income back to levels of thirty years ago. Jimmy Carter’s reply when asked about “unlimited money in politics”. Newly available documents about the WMD scandal portray the Charles Duelfer effort to locate them (unsuccessfully). Closing comment about Americans’ lack of will to correct the outrages and injustices of their country.