Interesting stuff

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Blowin started the topic in Friday, 21 Jun 2019 at 8:01am

Talking points worthy of further discussion without devolving into insult.

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Blowin commented Saturday, 14 Sep 2019 at 11:53am

Tell me this isn’t the prelude to dams being built in “ public/ private partnerships “ whereby the public assumes the risk and the private industry assumes guaranteed minimum returns and the ability to self regulate its way to super profits at the expense of the Australian nation’s essential water supply.

Just like .....roads , power , land titles, visas , health, education, welfare etc etc .

Better secure your access now because water will be more expensive than gold by 2030.

https://www.smh.com.au/politics/federal/mccormack-calls-for-australia-to...

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Blowin commented Saturday, 14 Sep 2019 at 2:36pm

Just discovered the Mukbang phenomenon.

The world is a strange place.

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sypkan commented Monday, 16 Sep 2019 at 6:32pm

Trump is the devil!!!

.....but there is no alternative (even for Vox)

https://www.vox.com/2019/9/13/20864192/democratic-debate-2020-trade-trum...

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Blowin commented Wednesday, 18 Sep 2019 at 7:40am

At some point you’ve got to think that the parallel pro- immigration ideologies between former working class political parties throughout the western nations is less likely to be wokester misreading of public mood and more pure collusion driven by an unidentified transnational actor .

The idea that stupidity and a penchant for career self- sabotage is the unifying factor between these politicians is tempting to assume but it’s obviously much more involved than that.

https://www.interest.co.nz/business/101706/new-measures-make-it-simpler-...

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stunet commented Wednesday, 18 Sep 2019 at 10:32am

There's no choice. Large-scale immigration is the backstop for the failing economic policy of neoliberalism. The only way to make the damn thing appear like its functioning. The genie is out of the bottle. Cant shove the bastard back in without a recession and the party who does that signs their death warrant.

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Blowin commented Wednesday, 18 Sep 2019 at 11:20am

Recession coming regardless.

Exchanging everything of worth in your nation for a few months grace isn the wisest idea I’ve come across.

And anyway , I honestly believe that it goes deeper than that. That there’s a more nefarious explanation. The consensus across the political and media spectrum throughout the western world to back what is obviously the wrong horse is overwhelming in its unity.

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Blowin commented Wednesday, 18 Sep 2019 at 11:38am

Not sure if you read the NZ link I posted but Jacinda Adern, despite electioneering on an immigration reduction ticket , is now expanding the low / unskilled migrant intake to NZ and gladly accepting their completely unskilled and dependent families who will immediately be a net drain on their country.

Their is no economic benefit whatsoever to importing these people. They will not be taking loans to buy houses. These people are the underclass from 2nd and 3rd world nations with nothing to offer New Zealand.

This goes beyond economics and vested interests. There is a larger force at play.

An indicator is when otherwise intelligent people universally refer to those who propose the lowering of immigration rates based on evidence and sound logic as right wing extremists. This is not an even remotely uncommon practice. In fact it’s so regularly employed as to have become the formal descriptor amongst most media and politicians.

Another example. Exactly how can the Senior economics writer for one of the Southern Hemispheres largest media outlets - not a generic cub reporter , but the highest ranked specialist in this field - pen an article about Australia’s unemployment/ underemployment rates without once mentioning the supply / demand imbalance created by constantly flooding the labour market with eager , cheap , desperate and exploitable foreign workers from cultures without any working standards or conditions ?

Not a single mention:

https://www.smh.com.au/business/the-economy/the-number-that-doesn-t-get-...

There’s something extremely suspect going on.

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freeride76 commented Wednesday, 18 Sep 2019 at 12:19pm

like what?

Blowin's picture
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Blowin commented Wednesday, 18 Sep 2019 at 2:54pm

Not sure.

I suspect that it’s linked to the desired outcome of true globalisation ie completely borderless world. The fact that its implementation dovetails with the requirements of neoliberalism renders it virtually unstoppable without radical upheaval.

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sypkan commented Wednesday, 18 Sep 2019 at 4:56pm

"like what?"

Come on blowin, spell it out, your deepest darkest suspiscions...

I think you touched on it once in one your famous disappearing posts. this one really didn't last long, but I got to read it. It was re. the corruption of the labor party last election, and their very suspicious 'agenda'.

Is it...

Agenda 21? An ideological open borders position? A secretive plan by the real rulers of the world? A worn out baby boomers ideal?

This shit is doing my head in. As your 11.38am post points out, its beyond intriguing and infuriating that big powerful media seem to be totally in denial to what is patently obviously happening to the little people

...as the world turns to shit before our very eyes....

Tell us what you really think...

maybe drop the monk no drinking thing for 24 hours and let loose

...and then delete it...

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sypkan commented Wednesday, 18 Sep 2019 at 5:04pm

...maybe we're just watching the final death throes of capitalism...

but, as I said, it's infuriating that the contemporary 'left' of politics have nothing to say as it all turns to shit...

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velocityjohnno commented Wednesday, 18 Sep 2019 at 5:51pm

Sypy, we're watching the death throes of central planning and interventionism. A top down directed path for the world to take. Overnight the repo market ran short of liquidity in NY, Fed bailed it out with a 53Bn repo. That a central body sets the price of money, right down to maintaining liquidity of major banks - that ain't capitalism! Today they set interest rates, probably will drop it further into 5000 year lows. Much of the world's sovereign bond rates are negative at present as central banks buy them up to QE. It's insane: negative interest rates. And issuing with a negative rate, wow. Guaranteed to extinguish savings (the basis for a productive economy) if held to term. Absolutely insane.
Capitalism would let us (ie, the market) set the price of money, assuming we are under a usury system. It would be higher, and dissuade the really risky uses of capital.. Instead we get continued misallocations and bubbles.

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sypkan commented Wednesday, 18 Sep 2019 at 7:10pm

Thanks vj ...I think...

you have an english version?

Joking, I got most of that...

question is ...what comes next?

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AndyM commented Wednesday, 18 Sep 2019 at 7:27pm

VJ, I didn't understand half of what you wrote but my question is, what next?

I agree that we're seeing the decline of central planning and interventionism, and it's due to the totally unsustainable nature of modern capitalism/neoliberalism, but I see that the same decline is also due to strengthening crony capitalism.

Clearly, central planning and interventionism is fading because governments are less and less in control and actually calling the shots.

I figure it's going to get really bad before it gets better as governments/corporations fight tooth and nail to prop things up and plug leaks in a sinking ship.

As I've said before, I can imagine a type of economic fascism taking hold (if it hasn't already) as we get squeezed really, really hard. And by 'we', I'm including the environment as well.

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AndyM commented Wednesday, 18 Sep 2019 at 7:49pm

Also VJ, when you say that the U.S. Federal Reserve is a 'central body', that doesn't mean that it is a government agency.

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sypkan commented Wednesday, 18 Sep 2019 at 10:24pm

"I figure it's going to get really bad before it gets better as governments/corporations fight tooth and nail to prop things up and plug leaks in a sinking ship.

As I've said before, I can imagine a type of economic fascism taking hold (if it hasn't already) as we get squeezed really, really hard. And by 'we', I'm including the environment as well."

Dark and scary times ahead me thinks...

Unfortunatly it seems economic factors trump (sorry) everything!

I have a million questions for johnno, as it seems you are well versed in all things markets, economics, and historical context...

but I'll limit it to a few

"It's insane: negative interest rates. And issuing with a negative rate, wow. Guaranteed to extinguish savings (the basis for a productive economy) if held to term. Absolutely insane."

Which cultures/economies do you think will fare better?

Asian ones, who generally like to save, and stash money under the mattress etc., versus aussie type ones, where most people save stuff all, and live week to week?

It may seem obvious, but I'm curious as to your thoughts considering the above statement.

Do you think money in shares or cash will reap better rewards?

I know that's really complicated, but I'm referring to blue chip type stocks versus money in the bank/vault. (No financial disclaimer required - I won't come hunting you down...)

And which economies do you think will fare better? SE asia type developing ones, which really have come along over recent times, and have experienced a bit of a boom of late. Or more edtablished old school anglosphere and european type ones?

And what's the alternative to the current crazy practices?

Just if you find the time or inclination...

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truebluebasher commented Thursday, 19 Sep 2019 at 12:12am

Gold Coast Spies like Us [WARNING to visitors]
tbb is informing visitors of #1 Oz surveillance City
Chinese o/s tech firms must incorporate spyware by law.
GC Mayor & Chinese record your every move in Spy City.
GC have been silenced...Here is your real welcome!

1990's (Early) GC had 16 CCTV cams
2013 Bne Mall started Tracking mobile phone users
https://www.couriermail.com.au/news/queensland/tracking-technology-plan-...
2014 Qld Police start Mobile Phone Taps
Top Cop tells students :"Good criminals use cash not mobiles!"(Like tbb & his Mum!)
https://www.brisbanetimes.com.au/national/queensland/police-opting-for-p...
2017 Comm Games Fed Facial Recognition Cams >Airport>Bus>Tram>Venues.
Former crime prevention security cams get lowered for facial recognition spy cams.
Pause: Crime Prevention Cams are High vs Spy cams are 8-10 ft off the ground!
https://www.facebook.com/9NewsGoldCoast/videos/commonwealth-games-facial...
2018 -Private Firms (eg: Gyms) allowed to install 24hr Facial recognition
https://franksecure.com.au/facial-recognition-gold-coast/
2018 GC Mayor has added 420 cams...Laughs off ...Chinese made Spy Cams.
In light of recent Comm Games he claims Feds have no links to cams...WTF
http://www.mygc.com.au/tom-tate-laughs-off-chinese-cctv-spying-concerns/
2018 GC Spy conference...Dutto's bill enforce Telcos spyware to void encryption
Recall last day of 2018 Parliament...Yep! Dutto's little eye spy pirate patch sees you!
https://redflag.org.au/node/6562
2018 Customs can confiscate phone & demand password (re: Euro Cloud Havens)
https://www.abc.net.au/news/2018-10-08/if-a-border-agent-demands-access-...
2019 Big Brother Cop Cams,Drones,Eye in Sky now linked + Feds 2,600 new cams.
GC has over 500 cams (note: Mostly all have been converted to Spy Cams)
Pause: These cams are not there to protect you but to evaluate &/or fine you!
eg: Don't ever park at a Tram Station...Cam waits until you exit & Cops pounce.
This ensures max fines for entering & exiting a prohibited zone (illegally!) Be smart!
http://theconversation.com/big-brother-is-watching-how-new-technologies-...
2019 Mayor rolls out more lower Facial Recognition cams from Comm Games
https://www.facebook.com/7NEWSGoldCoast/videos/facial-recognition-securi...
2019 Police Report reveals Authorities Games tech security fail...but stick to plan.
https://www.abc.net.au/news/2019-05-06/australias-biggest-facial-recogni...
2019 All large Qld Stadiums are to be fitted with Facial Recognition cams.
https://www.abc.net.au/news/2019-06-05/facial-recognition-quietly-switch...
2019 GC Mayor informs of $3m spy tracking of all visitors Mobiles / credit cards.
https://www.news.com.au/travel/travel-updates/tourists-to-be-tracked-as-...

The Rise of Australia / Chinese Spy Cams

2019 TV / Computer / Phone screens all now come with hidden Cams (Uninstall?)
https://www.howtogeek.com/fyi/reminder-your-smart-tv-is-almost-certainly...

2019 Overview of cam installations
https://tottnews.com/2019/04/16/chinese-companies-spying-australia/

2019 Caught on Camera 7:30 report (Must see)
https://www.abc.net.au/7.30/banned-chinese-cameras-are-being-used-by-the...

2019 Oz / Chinese Governments
https://www.abc.net.au/news/2018-09-12/chinese-video-surveillance-networ...

Recap: Welcome to Gold Coast
Big Brother > Airport >Customs >Bus >Tram > CBD > Venues > Beaches > Mall >
Phone > Credit Card @ Hotel > TV >Computer...We enjoyed your stay...buy the vid?

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velocityjohnno commented Thursday, 19 Sep 2019 at 1:07am

Oh shit guys, put me on the spot, haha!

It's late but I've been nuked by the flu the last few days so I guess I'll craft a big response. Hard to get to sleep early.

First up Andy and Sypy, "what's next". Let's just say I could see it coming in 2008, thought the whole thing was going down. The RSIs were diverging on my long term charts 18 months out so I knew trouble was brewing but had not much idea of what the trouble would be. Like Riddick watching the big Necromonger space ships come in in his eponymous film, something bad was approaching. They sure had blown a beautiful housing bubble and my favourite bit was the NINJA loans (No Income, No Job, No Assets) lol.

You hear stories like the run on the money market funds (from Sept 17-18 2008, 4 trillion withdrawal in an hour iirc) and the Fed stepping in and saving it. (A good thing). So maybe it did go down, the Lehmans, the Bear Stearns, the Mac bank meeting with Rudd...

Everything since has been a bit like the twilight zone. Bad news is good news as it might mean more QE which will juice asset prices. Shorts have lost their shorts.
I've got a beaut chart I've narrated the SPX with every time they did a new bit of QE - off it went. Then there was global coordinated QE, one central bank would stop and another began. ('Monetary Bukkake') The SNB bought shares in AAPL... The BOJ owns almost all of that nation's government bonds? The ECB would do whatever it takes... So maybe we are in the twilight zone already for 10 years, and the last 10 years has been "what's next". People mention 'Japanification' and that means really low growth for 3 or 4 decades while the debts are not allowed to clear as they would, quickly and painfully, in an unregulated form of Capitalism. (Look up recession of 1921),

I mean, the money has kept flowing, people's accounts work, you can still go develop a set of villas, there's still opportunities, so I guess the CBs did their job.
Global debt keeps ratcheting higher and if you think about it, if you have a monetary base that needs to pay interest, then you must keep expanding it in order for the interest to be paid. My vignette here is of an exponential curve.

Andy, re the "central body" part, they are a private bank owned by their member banks. Wrap the mind around that! They are the "lender of last resort" at the very end, a really good read is to go and research the Panic of 1907 when JP Morgan instructed his men to supply the Money Desk at the NY Stock Exchange with however much money was required, loaned to whomever wanted it - at the depth of the falls and chaos. A brave move, but same thing, "lender of last resort" and 6 years later the Fed was created.

The genie present during our lifetimes was properly released when the final tether to gold was broken in 1971 and the inflationary/deflationary roller coaster has been going full tilt since then, those of you who remember the 1970s that inflation was the first part of this process once Gold was unlinked to the USD.

Sypy, re Asia: I'd look at the debt loads in each country. For eg China after the GFC issued a ginormous amount of debt (if US in 2008 was 16Tn, then China presently 41Tn I think I have read, check those figures). Now if you believe that the debt level will not affect them, you might think they will do OK if the US/EU go down. I'm more partial to a Kyle Bass interpretation; there must be a reason all the rich people are leaving there.

I see the world fin system a bit like a body (have posted this here before) London is heart, NY is lungs. When monetary policy is loose imagine all the blood flowing to the extremities - say Australia is the forearm, Argentina a foot, NZ a pinky. When that body gets cold (fin crisis), where does the blood go? Back to the core I'd reckon. You can take my little analogy or leave it. Works for me. Recently we've seen Argentina blow up, Turkey is going through rough stuff, Zimbabwe melted again (self inflicted, my bro has a 100 Trillion Zim note from last time and I'm jealous I didn't get one)...

Sypy I'm not in the league of hedgies, quants or good bond traders, just a trained researcher & historian who's put his head in the markets for many years. Maybe I'm smarter as I live a short walk to the beach? Monetary history is very interesting and Austrian school makes more sense to me. Questions:
Faring best will be the US in my opinion (NOT advice, make your own opinions after study). Huge disclaimer, there's areas of US that are at 3rd world/warlord stage, I don't mean those, I mean the financial system. They have reserve currency, ability to print it, most liquid markets with by far the most depth. Their numbers are healthier even though they are showing contraction now(*any econ numbers, go visit John Williams' site 'Shadowstats' then come back with a vastly different view). Their system of law respects property (as do all the Anglosphere nations, better almost than anyone else, thank you Magna Carta 1300 years of evolving law, thank you Common Law). Their Debt:GDP is not yet over the event horizon (I think 105%, check that, any more and it goes beyond salvation)

Money in shares or cash? Ummm I'd need a financial advisors ticket for that one. And if I had that, putting you into a high growth mutual fund with a kickback for my firm on this month's KPI would be my automated response, so that wouldn't help you either. Go research both deflationary depressions and what did best, and hyperinflations (Hyman Minsky's work). Then go back to 'Japanification'.... think I got all outcomes there haha! Also make note of what every day life was like in each situation. I don't know which way it will be. I do see a huge inverse H&S on DJIA at present, maybe you see it too? Maybe I'm crazy.

There are so many things confluencing at present.
Peak EROEI
Parallel currency systems based on blockchain
Instability through algorhythmic trading
Massive debt burden
Demographic time bombs
Mass Extinction happening
Goat Boats replaced by SUPs
Climate shifting
Technology accelerating
Multiple sigma moves in all asset classes 'fat fingers'
Political Clown Show
Everyday people protesting 'Yellow Vests'
Geopolitical instability - war drums
Can identify as Wolfkin if you want
Solar output dropping fast
Magnetosphere contracting
Increasing cosmic rays
Mayan calendar ran out
Ascending consciousness as Yuga progresses
We are at one of the 4 crossing points of the Great Year 24,000 year cycle, civilisations tend to get wiped then (Randall Carlson), like at dawn of last age of Leo in a big way.

What a time to be alive! Wouldn't trade it for any other time. Dow is down 64 and the Fed will announce rates steady or a cut in a little while, then the following vol spike and contraction - goodnight!

truebluebasher's picture
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truebluebasher commented Thursday, 19 Sep 2019 at 1:37am

velocityjohnno is moonlighting as ghostwriter for Utopia...reads better than ever!
Crew wish you a speedy recovery...tbb is also inching his way back to the surf. Soon!
https://iview.abc.net.au/show/utopia

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velocityjohnno commented Thursday, 19 Sep 2019 at 5:38pm

"And what's the alternative to the current crazy practices?"

https://www.youtube.com/watch?v=GTQnarzmTOc

AndyM's picture
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AndyM commented Thursday, 19 Sep 2019 at 5:53pm

VJ you loveable rogue...

sypkan's picture
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sypkan commented Thursday, 19 Sep 2019 at 6:58pm

What a response!

Thanks vj ...I think ..again....

You've given me about 10 years of research. I think I'm gonna miss picking the trend by about 9 and a half years...

Good vid too. I'm really going to show my ignorance here but I'm prone to embarrassing myself...

So, keynes versus hayak ...in simpleton terms, keynes is generally associated with the left of politics, interventionism etc. And hayak the right, ie. free market fundamentalism.

You say we're witnessing the death throes of interventionism. This interventionism (keynesian) was gifted to the top end of town (probably neccessary considering the situation) hence the calls of 'socialism for billionaires', an interesting but desperate tactic no?

It secured assett value, and bumped up the stock market, but freed up little money for actual spending, hence the flat economies regardless of the input, but provided maintenance of wealth for a lucky few. Surely spreading it around could have been more beneficial? And been more keynesian...

eg. “the planning should take place in a community in which as many people as possible, both leaders and followers, wholly share your own moral position..."

https://www.google.com/amp/s/amp.ft.com/content/e067f0fb-4b47-3ead-a6a2-...

It seems it's neither, they're now just making shit up ...desperately... really desperately...

And, this may be a really dumb question but... there's now all this debt, for everyone, every country, including china, as you point out. So who do they owe the money to?

I'm probably missing the point, as physically there is no more money ie. it's just paper money, an IOU of sorts I guess, but someone is recieving the interest no? Some one, some country, has rights to the wealth?

I'll stop now. enough embassment for one day.

great list by the way, most interesting, the surf references seem fitting.

It seems you must be a fan of 'the daily reckoning' dude? I haven't followed him for years, but he seems to talk like you...

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truebluebasher commented Thursday, 19 Sep 2019 at 8:39pm

20th Sept 2019 Global Climate Strike 150 countries.
Oz City & Regional Rallies link here...
https://www.pedestrian.tv/news/climate-strikes-protests-australia/

Every conservative Pollie / Breakie TV Host / Shock Jock is gonna BBQ a kid.

But just hang on! It's hardly fair & proper to blame the kidz.

[NEWS] World Leader's Rolling Strikes continue ad nauseam...
2018 Aust' Liberal Party National Strike lasted 18 days (66 quit/sacked)
2018/19 US Republican National Strike lasted 35 days (321 quit/sackings...)
2019 UK Liberal Party National Strikes lasted 47 days + 34 days (85 quit/sackings.)
Conservative western govts have recorded the largest National strikes since 1920's

Very same Conservative Police State Govts bully Unionist's pet rock for Striking. .
Very same Conservative Govt's record resignations to shit on Jobz 4 Kidz mantra.
Conservatives are by far the most pathetic useless destabilizing Govts in 100 yrs!

Global Climate Strike kidz can't do any worse than elected Govt's lousy picket lines.

Blowin's picture
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Blowin commented Thursday, 19 Sep 2019 at 9:17pm

That was really good , VJ.

( Keynes vs Hayek )

truebluebasher's picture
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truebluebasher commented Thursday, 19 Sep 2019 at 11:46pm

High end NYC shtick & licks has a certain ring about it!
tbb polished off some old art school rapperz..NYC '74 Stylin'
10cc ...The Wall Street Shuffle
https://www.youtube.com/watch?v=8gZX3Qk9Zpk

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Blowin commented Friday, 20 Sep 2019 at 10:13am

This may be close to an answer to Freeride’s and Sypkan’s question :

https://www.alt-market.com/articles/2403-the-economic-end-game-explained

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sypkan commented Friday, 20 Sep 2019 at 12:04pm

Currently indulging in a little schadenfreude watching the poster boy for the woke folk go down...

https://www.theguardian.com/world/2019/sep/19/justin-trudeau-wearing-bla...

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sypkan commented Friday, 20 Sep 2019 at 12:25pm

'Interesting stuff' indeed that little article.

In a similar vein to that zietghiest vid that was getting around probably more than 10 years ago, independantly distributed via dvd. Worth a look if you haven't seen it, a bit wacky but plenty of gold in there too. They talked of a global currency called the 'americo', or something like that.

I could just about quote that whole article, but I'll keep it down to these few which I found particularly interesting.

"...What the past proves, time and time again, is that establishment trained and educated economists are perhaps the most useless of all analysts. They are perpetually wrong. Only independent analysts have ever been able to predict anything of value as far as our economic future — not because they are psychic, but because they have the advantage of standing outside the foggy propaganda of brainwashed financial academia."

"...10 years ago, would you or your friends and family have ever thought that the U.S. would be at war in Syria with a terrorist organization we created ourselves out of thin air? That we would be immersed in renewed tensions and the possibility of economic warfare with Russia? "

"...How many conspiracies have been exposed in just the past few years? How many government crimes have hit the headlines and then disappeared? Benghazi, Fast and Furious, IRS targeting of activists, government-aided illegal immigration, etc. — a nonstop parade of corruption that few would have thought possible a decade ago..."

Being surrounded by paranoid pot head conspiracy theorists, I have purposely, conciously, trained myself out of being a conspiracy theorist. I may have been wasting my energy...

The world is getting wackier and wackier, still working out if it's 'life imitates art' etc.

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sypkan commented Friday, 20 Sep 2019 at 12:26pm

.

I focus's picture
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I focus commented Friday, 20 Sep 2019 at 1:14pm

Sypkan 'the daily reckoning' was / is spurker at its worst its a standard for taking money off punters, create a environment of fear then turn up with the secret / answer and charge accordingly, very easy to do endless line of people ready to sign up, the "dude" made a fortune by the way followers not so much.

Great speel VJ whats your opinion (if you have one) on the great "debt reset" and I thought England held the record for recovery from national debt to GDP ratio at the end of the Napoleonic Wars (Wiki says 200% I thought is was closer to 180%).

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Blowin commented Friday, 20 Sep 2019 at 1:34pm

Bit impractical labelling it as a fantastical conspiracy theory when it’s an openly stated goal.

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truebluebasher commented Friday, 20 Sep 2019 at 5:23pm

tbb + heaps & heaps of grownups & kidz summoned Huey for waves.
Crew got waves breaking from the beach back to the Gold Coast Hwy...Surfs Up!
....the seas are rising~~^~~no more compromising~~/(~~the seas are rising~~/(`~~
Wave of the Day ~~~^~~~~/(`~~~~/(C`...[kidz)

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sypkan commented Friday, 20 Sep 2019 at 10:45pm

"openly stated goal'

a secretive plan that's been outed as an openly stated goal, by the good ol internet it would appear.

an openly stated goal that if you talk about in certain forums you are still written off as a conspiracy theorist...

Yeh ifocus daily reckoning dudes MO is pretty plain for all to see. but he did give me some good background on QE, current practices, etc. etc. ...and the craziness of it all, that has made vj's posts easier to understand.

It seems we really are in unchartered waters, with a big arse storm on the horizon. you've gotta wonder if gumbys like david koch etc. really believe in the rubbish they spruik, or if they are just protecting their vested interests...

It all makes me laugh, pauline hanson version 1.0 used to talk about 'why don't we just print more money?' 20 years ago, or whatever it was. she was laughed at and belittled at the time. now here we are, years and years on, in deeper darker times, where printing money has been given a new flashy name, and everyone is doing it...

crazy times indeed

...but exciting. I used to lament missing out on what appeared to be the good old days. but now I have a view like johnno, What a time to be alive!

ps. I'm not a sadist willing on the impending doom some are predicting

velocityjohnno's picture
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velocityjohnno commented Friday, 20 Sep 2019 at 6:31pm

Thanks all, there are some questions that I might get to reply to a little later, Sypy, absolutely excellent question on " it's just paper money, an IOU of sorts I guess, but someone is recieving the interest no?" I'm going to have to dust off the research books and glasses to do that one justice. Presently I believe, yes: when any of our currency is created into existence, it is created as a 'promise to repay' - with interest. But I'll have to check, it's very esoteric.

IFocus, yep GB was stuffed after taking down Napoleon, but I think Japan holds the record presently? >225%? Also, 1815 was when usury was permitted again (coincidence with Waterloo and Red Shield cleanup of UK stockmarket - check that story out! ) Remember folks, Christianity traditionally bars the charging of interest on money, how far we've fallen... Islam still does. Now that usury from 1815 allowed workers to SAVE, and in a gold standard money system (floating gold to silver ratio, set by people everywhere ie the market) with little inflation, workers could actually save a sum large enough to live off the interest at the end of their lives, astounding... Not all did, however (hence W.E.Gladstone's concern)

Also, I'd like to add I think the Australian system is about the best we have. It is generous and takes care of people. You can be a hardcore free market dude until such time as serious illness - it's important to have a society that has mechanisms to care for those who are going through rough times, or experiences such as Leukemia or Hodgkinsons Lymphoma. Peace everyone.

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I focus commented Friday, 20 Sep 2019 at 8:03pm

VJ you may have missed I said recovered from, Japan still to do so, a bug looking for a windscreen? :-)

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velocityjohnno commented Friday, 20 Sep 2019 at 8:44pm

Haha, yes, I missed that. Nope, I don't see Japan coming back from their madness. Opinion on debt reset, I think they have a few more increasingly nuts tools in their toolkit - direct deposits into people's accounts (MMT?) to try to stimulate spending. Negative rates to beat the saver over the head into consumption and reward the profligate for taking loans. I think they are fixiated by velocity of money rather than the fundamental soundness of a money system. The day they do MMT deposits is the day VJ runs to his local numismatic store and cleans out all the junk silver.

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truebluebasher commented Saturday, 21 Sep 2019 at 11:42pm

factotum recently said England is losing it's shite...
Euro says no, Govt's strike & MP dumps his bully brother PM...that's pretty darn sad.
Randy Andy is being accused of trafficking a child sex slave over UK-US-V' Islands
Now Daughter Princess strides hobby horse jousting evil sex slave traffickers.
https://nypost.com/2019/08/29/princess-eugenie-to-delay-sex-trafficking-...
Should The Prince unreservedly back his princess & slay these evil sex predators.
Queen might find Princess a Right Royal Hobby & Prince can fight his own demons.

tbb! 'Please tell us of something good to plop outta this porkie pie!'

Don't laugh! We aussies aren't as stupid...as..as!...d'd'don't you worry bout that!
Oz may of done it's dough on [Yes means No]...Break even on Republic Plebiscite!

[NEWS] From South China sea's surprisingly large thawing super continent.
Oz rudely cancelled 10yr igloo warming...5 years on & Chinese squatters hoist flag.
https://www.abc.net.au/news/2019-07-02/emails-reveal-china-trumps-austra...
So Oz could walk to South Pole in 1909 but can't return visit in 2019 ?
Is this the Longest Coldest War ever or coldest ever Cold Shoulder treatment?

tbb has already signed to the cause... "Gromz! Misguided! Will never be Deleted!"

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sypkan commented Sunday, 22 Sep 2019 at 11:52am

It's going to be interesting to see how this randy andy thing pans out. Imagine if its true, which it seems likely it could be. How can the powers that be possibly explain this one away?

Even if it's not true, how the hell can randy andy justify hanging out with epstien after his first conviction? he's giving it a good go, but there's just no excuse...

It's pretty funny this little pizzagate conspiracy that was getting around. I read an article about the rise of conspiracy theories. And they said for them to work there has to be just enough suspicion floating around for them to take hold, just enough smoke wafting. It seems that was the case here.

I posted a new york post article about epstien, his exploits, and his friends, way way back before trump was elected. I was reluctant about posting because ...well, it was the new york post, and it seemed a little fantastical at the time. Now not so much.

The article mentioned randy andy and bill clinton, and I've read elsewhere that donald trump has been associated with him. Regardless of who's indulged, and who hasn't, how can these people possibly plead ignorance as to what was going on when they've all visited his private island on his private jet?

same goes for wienstien

They're fucking dogs, the lot of them....

and the partisan morons just want us to care about certain incidents

From blowin's article, again...

"...How many conspiracies have been exposed in just the past few years? How many government crimes have hit the headlines and then disappeared? Benghazi, Fast and Furious, IRS targeting of activists, government-aided illegal immigration, etc. — a nonstop parade of corruption that few would have thought possible a decade ago..."

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uncle_leroy commented Sunday, 22 Sep 2019 at 10:48am
Blowin's picture
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Blowin commented Sunday, 22 Sep 2019 at 2:35pm

Just in case anyone was still missing the point

https://youtu.be/afMofYie4Lc

velocityjohnno's picture
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velocityjohnno commented Sunday, 22 Sep 2019 at 6:36pm

Good summary. They didn't even try to understand those that voted for the changes. You would think by now they understand grievances and have adjusted their strategy to appeal to those left out as well - nope.

In other news, WA ALP in trouble with part of their base. Imagine if a rival pro-labour party existed...

https://www.abc.net.au/news/2019-09-21/the-loveless-marriage-between-wa-...

Fallout:

https://www.abc.net.au/news/2019-08-27/wa-labor-accused-of-chaos-and-dis...

https://www.watoday.com.au/politics/western-australia/premier-cops-death...

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truebluebasher commented Monday, 23 Sep 2019 at 1:07am

Thanks for vid' Blowin...note, no mention of how shit their choice actually was!
The sentiment behind the white washing seemed innocently blind enough.
Coalition of the willing rack up a record 135 days striking over dummy spits.
Your sacked...I Quit...Your Fired...I Resign! (multiply...now 470 gone & still counting!)
Not one voter can claim satisfaction without lying! All gloss over that minor detail.

Sure! Vote for your Top 10 bigots...but why vote for the rudest bullies on Earth?

How good is hick bible belt-Gun toting Gympie as the new capital of OZ

1)Labor-Piss off! 2)Gays-Bash'em! 3)Asians-Blame them! 4)Mosques-Pig Headed

Qldurrz [VOTE 1] Racist MP's/ Murdoch/God/CCTV/Mines/Farmers/Rugger/Guns.

tbb/brothers were rudely rejected on 5 occasions in one day...in & around Gympie.
Believe me! Goldie crew & Brisos are smelt out as alien southerners in Gympie.
Denied [P] + Delayed front counter service behind dozens of later arriving locals.
Physically blocked to park toilets as tbb had no relative on the (Local) Honour Roll.
Later I doubled back to same toilets & soap dispenser had a fuck'n padlock? Wot!

Behold yer future! You wanna see where this cry baby-what about me, shit ends...
https://www.qm.qld.gov.au/microsites/collecting-queensland-festivals/fes...

https://2.bp.blogspot.com/-eKWDQMvt3JA/WUsXPxljOUI/AAAAAAABGjY/C-tWo3ouE...

Nope! Not Alabama! tbb swears that is SEQ Australia "The Gympie Muster"
Difference! Amamoor General Storefront has 1000's of Heritage Listed Racist Jokes.
https://live.staticflickr.com/7177/6851268249_b439a5519f_b.jpg

Trump would poll 110% as Gympie Mayor.

Just to show how far the pendulum has swung towards these racist hicks.
Here's a brilliant article on how Tex Perkins pampers to Gympie Muster audience.
https://gclive.me/2019/06/06/interview-tex-perkins-on-playing-the-gympie...

There is no end to eating baby food...Us white folk have to harden the fuck up!
Trump,Boris,Scomo are the biggest sooks & all wanna redo each time they lose.

Boris leaves England without a government.(He was supposed to leave Europe!)
Trump strikes over a wall...but is the only US president not to build any Wall
Scomo over rules Plebiscite [Yes] to reinforce his God Forsaken [NO]
Stinking nappies are piling up from the biggest dummy spitters of all time. (It's sick!)

truebluebasher's picture
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truebluebasher commented Monday, 23 Sep 2019 at 11:03am

New century...New Waterfront...Union labor could easily rig up Nuke Inspections!
https://www.northweststar.com.au/story/6396405/union-wants-nuclear-power...

Barnyard rustles up few Angus beef cakes for offshore Nuke waste tax processing.
Angus's Nuke water bills will breathe fire dragons into Oz drought meltdown.

Seachange is the new bushfire zone...so where do de-sal Nuke Reactors fit in?

https://independentaustralia.net/environment/environment-display/sydney-...

https://www.theguardian.com/environment/2019/sep/20/nuclear-energy-natio...

Scomo: You can all eat Coal but you are all are banned from mentioning it!
Labor: We now see the health benefits from eating our Coal fired words...
https://northcoastvoices.blogspot.com/search/label/Tweed%20Shire%20Council

tbb is proudly marching with & saluting the Climate Strike Gromz!

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Blowin commented Monday, 23 Sep 2019 at 11:34am

This can’t be accurate surely . Maybe referential of education levels ?

http://worldpopulationreview.com/countries/average-iq-by-country/

Maybe it is ?

https://m.youtube.com/watch?v=GIwpypavI4o

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AndyM commented Monday, 23 Sep 2019 at 4:09pm

"Those who reside in The Equatorial Guinea have an average IQ of fifty-nine, which is forty-nine points lower than the average IQ of Singapore and Hong Kong. "

59??!!

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AndyM commented Monday, 23 Sep 2019 at 4:06pm

"infectious disease remains the most powerful predictor of average national IQ."

https://www.newsweek.com/why-do-some-nations-have-lower-iq-scores-74797

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loungelizard commented Monday, 23 Sep 2019 at 5:24pm

thats an interesting article. makes sense. i havent seen that before

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sypkan commented Tuesday, 24 Sep 2019 at 1:24pm

That article is quite interesting. we are only just beginning to understand how health issues factor into things like IQ and thinking etc. in general. And recently, especially things like gut health.

Though it is widely thought in education circles that things like IQ measures are useless, immeasureable, and racist, and generally they are dismissed altogether. Politcal correctness gone ....

Nah, not really. How the hell do you judge a super smart aboriginal dude who barely speaks english and knows how to survive the harshest desert conditions, against a super privelaged northern beaches private school boy who has doctors as parents? You can't really...

Pretty much the same comparing someone from equatorial guinea against someone from a super privelaged existence in singapore.

but I do believe these tests can tell us something...

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sypkan commented Tuesday, 24 Sep 2019 at 1:30pm

another interesting article... a bit wordy, but good....

basically in the current political climate...

the socialists thought it's their time...

the 'liberal' globalists think it's the end of time...

and the working class just want to be listened to ...still!!...

..30 odd years on....

...until these three groups can reconcile, and find some common ground, we'll continue to see the lurch to the right...

I''m not holding my breath, especially for one cohort...

https://democracyjournal.org/magazine/54/left-for-dead/

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velocityjohnno commented Tuesday, 24 Sep 2019 at 2:12pm

Leaders of the left completely sold out their working class base. Then demonised their culture and tried to replace them in their own home.

What's been most amazing is that it has continued for so long, eg ACTU championing more immigration when the wage prices dilute as more workers compete for amount of jobs (jobs themselves become more part-time as key industries are lost). Also makes it easier for both small and big business to get cheap wages. Why the shop floor didn't kick their arses out I will never understand. How did that Button Plan work out for auto workers?