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Sep 21, 2019 23:06:18   #
Mike Easterday wrote:
Banks always get richer!


But I think we can change that, by organizing, not collapsing the entire system, true, people's attitudes don't collapse a financial system but attitudes are exploited to ruin everything fairly often.

The alternative to the present status quo that everyone is predicting could be a collapse of fiat currency which is mind bogglingly dodgy.

US, GDP is down • 75% in the 2nd quarter that's with additional defence spending.

China is 1•0% down same period.

Everywhere else is on average down •5%

Doesn't sound like much and maybe was expected but this is probably the new normal the right wing want to replace and expand business opportunities, - that will be shut down by Chinese exclusion, - by privatization, exploiting natural resources more heavily and hyping up spending on luxury items, the Left want same sex marriage, g***n e****y and partying.

Nothing too radical there so why is credibility in economic financial institutions so epidemic ?.

After all this time 10 years ago the IMF were asking China to invest and were promised a bigger say in financial affairs which they did and got.

Russia and Norway are the two strongest economies both have zero debt compared to reserves and that is in spite of sanctions against Russia.

Is this what people see that caused this present hysterics it's not that consumers in the US or Australia have cut back on spending I think it's more that people are too heavily loaded up with high cost borrowings particularly on bank card, I've got one visa card with a credit charge of 21%, - I don't use it just keep it in case of emergencies, - so that bank is getting astronomical interest and paying out a max of 1•9% on deposits with a lot of conditions, the normal interest on deposits without conditions is 0•5%.

To explain why it is like this now and never was before is complicated but to say one generalization stands above all others and above all else would be to say the unequal distribution of wealth is what's causing the disintegration of financial credibility in the community.

Actually and this is naughty of me to mention but Marx did say the culmination of Capitalism was a exponential growth of disproportionate remuneration.


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Sep 21, 2019 19:00:52   #
Gravity has two forces weak and strong, weak is inner as with particles the electron is staving off decay by going round and round the centre of neutrons and protons, let's surmise that the worker bees are the neutrons and protons and the electrons are their knees, showing off, here they come said the proton look left but by the time he heard it the neutron replied, he's on my right at one o'clock low I'm trying not to look up.

This became monotonous happening at 32•452 trillion times a second if only the mug could change direction we'd for once get it right the neutron said to the proton.

The macro outlook is also empirical evidence, with gravity holding me down counteracting my tendency to fly, works much the same way, I did fly once as I reported before, not sure if it was on OPP, it was in New Zealand a copper witnessed me going up, what happened was the sheets of the hospital bed turned into tiny diamonds I held on and they floated me up , I looked down at the copper who was keeping an eye on me, I'm not sure why, and he was surprised.

Now since I can vouch for such a t***hful experience with a witness for additional credence, I have the experience to apply my knowledge of extraterrestrial events to economic theory, and stay off the chit-chat forum this is where I belong right here on main, I know what the OPP moderator is thinking and I'm having none of that, I'm confident this will get a reply on main.

For sure some brave soul will want the US economy to survive when all deposits go negative and money is floating away, the man who shot Liberty Valance was Gene Pitney, I just want to make everyone aware this is natural and we're just witnessing a change of direction.

The sun will still rise in the east but the volume of money will go down instead of up and this inversion could help the debtors at the expense of the creditors because if money is costly to own, equity must become harder to acquire without increasing in cost, equate that with the result of hyperinflation after the "dead wood" has been trimmed and a new currency issued.

My take is, after the zero sum game its exactly the same, the banks will be richer and none will go under, probably why I once rose without being dead just so I'd know all about negative interest rates and banker propensity.


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Sep 21, 2019 16:05:07   #
Fodaoson wrote:
It will be a cold day in Hades when I support Sanders or Beto.


I don't support Beto, I can't see why you connect them, Trump is not G*******t but sanctions only work because of Globalism, Trump stands for a return to pre - WW2 American culture, humm !! tax the rich at 90%, but Trump didn't mention that, Bernie did, Trump hangs the blame for everything on immigrants and that can't be true, the immigrants don't bother me, I hardly ever see one.

Adverse to that, Bernie Sanders agrees xenophobic is a done deal and always has been.

- because.-

Culture is not Hollywood, not like it used to be, Hollywood went bad, Hollywood went real bad, mostly because it couldn't keep up, Hollywood got lazy, I don't know why, some say it was a train wreck that happened because smack hit the scene, excuse me I'll brush up on history before I continue by listening to Lou Reed "walk on the wild side" cool sax wit bad lyrics many blamed the instrument but could have been "heroin" The Velvet Underground, arrr !! now I remembers.

God dammed the pusher man because of it but that only made him look clean in Hollywood, I don't know why, some folks say it was because Christine Keeler got a little too much dirt on her hands, for anyone who doesn't know Christine was a topless Show Girl who attracted the attention of a Soviet Diplomat, what happened after that is anybody guess, that's where some folks say Hollywood comes into the picture and the dirt rubbed off Christian.

I can't say for sure I'm was never familiar with the woman, ignorance is a curse, if some young lady is agreeable to enlightening me as to how this possibly could occur I would be greatly appreciative and would immediately pass the information on to Bernie Sanders so he can use it in his campaign, I'm sure he has no idea either.
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Sep 21, 2019 06:57:52   #
ReverseDiversity wrote:
It seems like the two sides have recognized that if either gets its way, the other will find this unconscionable.

Social unity is very low, even lower than political unity.

People are clearly tired of the Uniparty, compromise, bipartisanship, and "principle over politics."

How long until the next Fort Sumter?

This is more of a world wide trend than the seeds of revolution, Popularism is a superficial political trend that comes about from affluence and scarcity rubbing up against the elephant in the room.

The elephant is a phantom that has many identities some say it's Trump others say it was Clinton's now being replaced with one of the others except for Bernie Sanders who is not elephant like.

The US is turning in on itself same as Britain and Italy with Popularist Leaders who can only cause division because the historical circumstances are not present for them to lead the Country to a revolution.

Without starvation desperation doesn't develop into revolution and nobody is starving in Britain or Italy.

Popularism is cultural collapse, and has been overcome recently in Pakistan, Imran Kahn and Bernie Sanders have got a lot of similarities, the US could do itself a favour by supporting Bernie Sanders.

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Sep 21, 2019 00:04:06   #
BigMike wrote:
The entire world is in unpayble debt already...war always fixes that and war is where we'd already be if Klinton had won.

Buy silver and gold is all I can say. War on fiat currency has been too long in coming.


Fair enough, so many people are thinking like that, I was just wondering that's all, Trump is giving up a bit on some Chinese sanctions we down here, the sensible ones that is, want things to continue as they are.

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Sep 20, 2019 21:58:11   #
proud republican wrote:
Do we need another war???.....President Trump is supposed to get us out of wars.....not to start new one!!!


Iran is all about dollers and cents, it's an economic strategy.

Saudi Arabia is saying the attack on Aramco's facilities came from the North not from Iran, not that it did or it didn't, who cares anyway, the point is Saudi Arabia is attempting to shake down the market by plugging up the Iranian threat hoping investors will be thrilled to buy into the Saudi Aramco's IPO at hyped up politically inflated prices.

Not such an easy "can do" any more especially for an imbecile like Mohammad bin. Salman, they say on some platforms Egyptian President Sisi, that I always supported since July 3 2013 is on the way out because he's too tight with Salman.

The point I'm making is the "only" Country in the World with a smooth running economy can't become a normal state of affairs, at the moment the US is the "only" country with a smooth running economy this is an a******lity, and is caused by imagined enemies under every four leaf clover disclaiming any and every chance of anybody ever being lucky. Furthermore everyone that is a part of the problum has to be a part of the solution except the cause of the problum can't be included if there is to be an effective solution.
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Sep 20, 2019 21:00:40   #
BigMike wrote:
We'll be OK in the US. My view from the ground is far different than what you're hearing.


You seem to be saying economic collapse should be factored in ?
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Sep 20, 2019 17:23:54   #
BigMike wrote:
Is Iran's "National Bank" the Rothschild Cabal's thumb on the Iranian people the way the Fed is on us?

https://www.youtube.com/watch?v=yvbvOYs9xIM

I'm beginning to think that attack on Saudi Arabia and Trump's response are 4d chess theater.

"You're crazy!" You might say to me.

I'm thinking that both targets...the "processing facility" and the Iranian National Bank...are ultimately Rothschild Cabal assets. We abandoned gold for the petrodollar and that era is done.

The world has a deep state and many nations have their toadies in high places...and even leaders who don't want to play ball find out they aren't really in control.

We're in an undeclared war folks and we have been since T***p w*n.
Is Iran's "National Bank" the Rothschild... (show quote)


The US is in danger of turning in on itself, theatres like this have happened beforehand, the year 312 AD battle of Turin Constantine won and everything changed maybe I think this is Trumps grand plan maybe even coming from God.

I witnessed this same thing happen in China 1960's when Mao couldn't respond to Khrushchev theTrotskyist, so he turned inwardly because there was nothing that could be done outwardly, in both cases Rome and China came out with a relevant future, and the cause of the problum ended up turning out to be irrelevant, the border dispute that caused military engagement between the Soviet Union and China just disappeared 3 decades later, and the Byzantine Empire went on for anotherthousand years, Rome became something only talked about.

Look who didn't survive Khrushchev and Maxentius both disappeared where as Constantine and Mao finished up on top of a different situation that was much better than before.

Those sanctions probably are just talking points.
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Sep 20, 2019 09:37:10   #
Floyd Brown wrote:
That more people are aware that man-kind is contributing to globule warming is a good sign.
The bad part is so much damage has been done that we nay not be able to reverse things from happening & it is getting worse.

We are learning how to capture more of the energy from the sun.
Man-kind is very inventive & is doing many things to adapt.
Getting the changes needed run in to the old ways of doing things.
Many activities of leisure involve using more energy than a walk in nature. (Or a park)

Many things are being produced that we could do with out as much.
We need not travel as much to have the feeling of being a part of being there.
With computers & T.V.s we can enjoy the sites & sounds of far away place's in our homes.
Much of the world is as near as pushing a key or turning a knob.

Much of the pleasure of going some where is in telling others of what you did on your trip.

There is the wish to do once what some are able to do at will with ease.
Travel & consume the pleasers in real time & space. At an over all a cost to your self & the envirment.

Do you ever look at the contrails planes crisscrossing the sky leave?
That is costly & polluting big time.

Spending a few extra minutes conversing with people you meet day to day is less costly & a bond is made. A bound that will surpass any contacts you have on a costly trip. All with less wear & tear on our environment.

For most it is to stop & think about the effort you go through to earn the cost of that trip.
Time spent in the old rat race that you need to take the trip to help you cope with the rat race.

As always to each their own.
That more people are aware that man-kind is contri... (show quote)


Life style is not much different from self-gratification, suburbanization is similar to acquiring a taste that at first is unpleasant an affront to our senses but over time the image that pops up in our mind is the one we sought for someone else to be, convincing ourselves the one who takes over will still be me, subliminally coaxing ourselves to believe we are the architect of ourselves by building others as a likeness of me.

Everyone would agree it's not me that should be discontinued.

I think that is the starting point, all people can assemble at that point, its the one thing about which we can all agree, but that still doesn't solve the problum of divergence from environmental protection probably because we aren't in agreement with what keeps us in place, so the next generation will get all sorts of misleading advice coming from acquired tastes.

Like travelling abroad so as to say is a big waste at the end of the day, same with many other alluring things like really fast fancy bikes and cars, ornate buildings to live in filled with consumer items that are not necessary.

Well I have always said as much, and made a distinction between motivations which others said were inclusive, the reason people don't push others to take up weaving is because a machine does it better and what's left when the machinery breaks down is a semblance of the reality that brought it about and a huge awakening is then prepared to cover the hole suffered there.

Over the years, many of them, what has become shouldn't have been, but first there has to be an explanation, this is the reason for everything..

There are two of everything one for and one against so in the end if that's what it is, the one that is for can be a friend and the one that's against an enemy bonding is weaving a social fabric but identity is sociopathic.

To overcome this the fundamental problum of alienation the internet was made available just when we needed it most, now I'm going to do something startling with a simple phrase, end is not inevitable if you believe what you perceive, that's not it, creation is perception creating perception in others, wrong again, last try, pollution is not endemic of philosophy but it is of self-justifications.

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Sep 20, 2019 07:23:46   #
[quote=Radiance3]
RT friend wrote:
Gavin Menzies tells us it was the Chinese Tributary system that fuelled the Renaissance and t***sferred power from the East to the West, but that is not antiquity as your link states, personally I believe Menzie's claims because if that "didn't happen", - (China gave the West the printing press etc. at the Renaissance of the 15 th. Century making Gutenburd's innovation anachronistic ), - the outcome of (p) Abrahams Religion and Western Religion in general would not be relevant to Universal Destiny.

Also what makes this analogy even more credible is the fact that the Chinese State who perfected the Tributory System and sent all their knowledge to the Renaissance meeting in Venice, so as to put the West in an indebted position, became defunct within decades of doing the deed.

Debt is the basis of the Tributory System couldn't agree more, $ bills are iou's.

It was after the second World War that the USD became the Global Reserve Currency before that the British Pound Sterling was top dog.

Ans. Gavin Menzies, a former British Royal Navy officer, argues in the bestseller 1421: The Year China Discovered America, that squadrons from Zheng He's fleets, between 1421 and 1423, did indeed get to the Americas first--as well as to Greenland, Antarctica, Australia and New Zealand. Unfortunately for supporters of this theory, he offers no proof, only a great deal of circumstantial evidence marred by questionable scholarship.

Menzies has no "smoking gun" that proves his theory-- because the xenophobic Confucian officials who advised the later Ming emperors destroyed all records of these sea voyages. So he relies upon three types of evidence. First, Menzies claims that Chinese maps from as early as 1428, allegedly showing parts of North and South America and some Atlantic islands, were used by European explorers (including Columbus) when they started their own voyages decades later. Second, he adduces allegedly tangible evidence of pre-Columbian contact between Asia and the Americas, such as: flora and fauna (maize, sweet potatoes, Asiatic chickens, coconuts) that must have been t***sported by humans; "DNA evidence" that links American Indians to the Chinese; wrecks of Chinese ships and medieval Chinese anchors found in California. Third, Menzies relies upon, and constantly reminds the reader of, his own naval expertise which gives him a mystical understanding that landlubbers lack; for example, "if I was able to state with confidence the course a Chinese fleet had taken, it was because...my own knowledge of the winds, currents, and sea conditions they faced told me the route as surely as if there had been a written record of it" (p. 83).

Authors that aim to rewrite 500 years of accepted history should rely less on subjective claims and more on hard evidence. And this is where Menzies ultimately fails to persuade. First, he does not read Chinese and thus cites no primary sources--a problem even if one accepts that the records were all destroyed.


I mentioned Kim Iversen because in her episode when she made known to me the $203 billion currency injection the episode is titled "Are We Headed For A Big Economic Crash" she is supporting Trump, she claims Trump didn't bully anyone and the Fed is afraid of Sanders and Warren wanting to regulate, I just laughed.

Actually the Central Bank doesn't have to make known cash injections that are mandatory with on going economic expansion QE 3 ended in the US on October 2014 with the US Quantitative Easing being tapered down to $10 billion a month from $85 billion a month, so even your appraisal of $128 billion is massively significant in terms of Easing.

You have no idea about the Federal system but just your opinion, not facts. Your credibility along with Siverson is lost since you deviated from yours and her original claim of the recent t***sfer of $208 billion which was false, and now you trying to turn around your theory of QE in 2014, which has no relevance to the activities and recent t***sfer of $128 billion. Your lies are enough me to lose my interest talking with you, cause I feel I am talking to lunatics trying to wonder around theories that you think could justify your claims. Siverson knows nothing about economy except she is a progressive blogger. Why should I even waste my time with this non-sense.

The other thing is that after 2009 when Obama began QE 1. when Britain and Japan were doing it too EU was a bit slow to start March 2015, the question is, why didn't the fiat system collapse then ?.

Ans. The 2009 QE by Obama had nothing to do with world economic activities. The 2008 recession was due to the huge Subprime lending crisis created by the democrats, to enforcing banks to lend mortgage to non-qualified and could not qualify for the normal lender's requirement. A subprime loan is a type of loan offered at a rate above prime to individuals who do not qualify for prime-rate loans.

Japan's fiat system at present is the most stable currency. Japan as the 3rd largest world economy is doing fine with the US. Basically most activities done by president Trump is the imposition of tariffs against China in order to reduce China's dominance in trade against the US. This dominance existed for more than 20 years, that has never been corrected. Now president Trump is the only president who has suppressed China's advantage over the US with the tariffs impost.

This has nothing to do with Japans currency. Japan and the US have very close relations in commerce. Japanese automakers have cumulatively invested about $51 billion in manufacturing in the United States over the span of decades, JAMA data shows.
From 2011 to 2018, direct employment in the U.S. at Japanese automakers grew by nearly 29%.
In 2018, JAMA manufacturers built 3.7 million vehicles and 4.4 million engines.[/b]


It was because China and Australia were not that badly affected by 2008 so we are best able to advise about the future.
Chinese and Australian "financial credibility" saved the day, Australian banks were forced to quit all criminal practices by the Labour Government earlier on, and China wasn't involved in selling garbage as securities.

Ans. The 2008 financial crisis had nothing to do with foreign economic activities. The crisis was due to liberals forced imposition of SUB-PRIME loans to the minorities particularly b****s and Hispanics who failed to pay millions of mortgages because they were not qualified to own mortgages to begin with. Thus in 2007 millions foreclosed due to non-payment. The $865 billion stimulus provided to Obama in 2009 paid some of the black mortgage balances so they could keep their homes. But millions more were foreclosed thus the financial crisis. Thousands of banks closed. The biggest bank victim was the Lehman Brothers.
https://www.thestreet.com/personal-finance/mortgages/subprime-mortgage-crisis-14704400


But next time a big crash comes China, India, Pakistan,Turkey and Russia will pull the plug probably Germany too and just say let's kiss our bad debts good by and start again, dump the IMF and World Bank.

We don't know what Britain would do but Japan is now becoming isolated from the Asian markets and looking for help from Russia so if the economic crash does come Trump could be alone, the USD is isolated at the moment as the only currency performing well but alone all the same.

Probably the Eurasian economies will tie up with China and Russia who are ruthlessly mercantile, profit means very little to them everything is long term and chiseled in stone, probably, we are now back in the barbaric age, and the worst place to be is on the losing side.

Ans. All your statements are speculative assumptions, theories and not facts. The US economy at present is doing well compared to the rest of the world economy. That because of the ingenuity of president Trump in recapturing the trade deficits with China which we've lost trillions of dollars over the 20 year period.

I personally think the Tributory System is not the answer, its no longer a part of economic development because if you accept payment in iou's in exchange for goods and services the only reason that contract will be on-going is if the indebted person, namely the US, will be fulfilling some absolute need in the near future for a substantial group of other people, and thereby maintaining the value of the iou. ($), that is an impossible commitment to keep in the long-term.

I think everything will be recalibrated on the basis of barter.

Ans. You were the previous one accusing the US of the Tributary System, now you are retracting it. Barter system? Are going back to antiquity? Your imagination is far beyond reality.

Trump openly admits - Saudi Arabia - "King, !! I said, !! you wouldn't be king for 2 weeks without the US, better purchase some of these weapons or else" , end quote, that's like giving a 10 year old a chess set with instructions written in Tibeten, its not really the Tributory System its the Mafia system.

Ans. You could not justify and prove your statements what president Trump and and Saudi had agreed upon. But coming out from your own imagination.

Be informed that the US is in a Free Market economy and has the right to sell products to allied countries who wanted to buy. I think you are not worth of my time. Thank you, and Bye!!




Gavin Menzies tells us it was the Chinese Tributar... (show quote)


"Boom Bust" - Daniel Brito - Gloomy Growth Outlook & AI in Business.

Confirms 3 consecutive days monetary injections this week completed on Thursday when the Fed intervened in the repo auction to inject a further $75 billion.

So that's Monday $53 billion; Tuesday $75 billion; and Thursday $75 billion. All up $203 billion. I think this injection of liquidity was caused by banks paying their reserve requirements with dodgy bonds and worthless collateral.
Kim Iversen appears to be t***hful.

I'm browsing through "The History of the Decline and Fall of the Roman Empire" by Edward Gibbon before replying further to your comment I have a hunch you've put me on to a pathway of enlightenment concerning Donald Trumps wayward foreign policy directions.

As you know I stated in my last paragraph located 2 comments ago with which I will now quote -"The financial situation Trump is trying to achieve is known as a Tributary Demand System..." end quote.

I'm not retracting what I clearly stated, yes the US is pursuing that Tributary Demand System that your Oxford academic article brings to our attention from "The Chinese Journal of International Politics" l disagreed with the article because it inferred the Chinese system was all about hegemony, which in the medieval period of ( 900 - 1500 AD ) the Chinese Tributary Demand System was not, which is why I introduced Gavin Menzies.

Although I agreed the Military Tributary System your link described is correlated to US Foreign Policy and Trade Relations, the pair also shared a commonality with the Tributary Demand System in a pure sense.

Whereby the Tributory Nation under vassalage accepts the promise of the Hegemonic Power to reward the Tributary Nation with a guarantee, of some sort, occurring in the future.

In this case the US gives $ bills that may not be valuable in the future or might be more valuable or maybe maintain the same value determined by "World" economic circumstances.

In the cause of "World" economic collapse I suggested a barter system would work best particularly because so much information is available on the web.

Regarding the Tributory Demand System of the the Chinese Ming Dynasty of the 14 th. and 15 th. Century AD, they gave their treasure away for free thinking the recipient would feel indebted and honour would create amicable trading relations based on barter not with the State but rather with their business men operating independently.

Militarism was a component but was not polite to ever be mentioned by gentlemen, this is Chinese Soft Power, and also if you look beneath the covers this was Mao Zedongs answer to Khruschev, - The Cultural Revolution that led to the death of Defence Minister Lin Biao who wanted to realign with the Soviet Union. Deadly Soft Power.

Anyhow my inquiry connecting Trump to Gibson's history of the Roman Empire is more along psychological lines that I feel inspiration flowing from and figuratively portraying a massive contradiction that your post has shon a spot light on, if all goes well and a small fortune is the result of my inquiry I'll think of you while I'm enjoying my spoils.
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Sep 19, 2019 18:49:23   #
[quote=Radiance3]
RT friend wrote:
The injection of such an enormous amount preceded the •25% interest rate cut by days that shows either there was a pent-up demand or speculators were waiting to take advantage of inside information, that Trump telegraphed out.

Ans. The cut in interest rate of .25%, due to the rough week in the overnight funding market, where interest rates temporarily spiked to as high as 10% for some t***sactions Monday and Tuesday.

There was no pent-up demand The economy was rolling along just fine and dandy.

Kim Iversen says there was $53 billion on Monday $ 75 billion on Tuesday and $75 billion new money issued on Thursday by the Fed to be made immediately available to all local banks.

There was no bonds sold to cover that $203 billion, and there won't be any, that money is not being used to purchase collateral to be held on the Central Banks balance sheet, as far as I know it's just being borrowed by local blank customers at interest rates well below the market value.

I think this is happening because the banks are lending a******lly and can't balance their books any other way except by $203 billion being issued to keep interest rates low.

If the USD was any other currency this decision would be inflationary, but because the USD represents 62% of international foreign exchange reserves it will go unnoticed, although the other 38% of reserve currencies held by all Nations become less secure because of the the $203 billion injection by the Fed.

Ans. Kim Iversen is nobody but a progressive You Tube commentator, who lied about the release $53 billion, $75 billion, and another $ 75 billion which total to $203 billion. The correct amount was $53 billion and $75 billion total of $128 billion, and not $203 billion. The purpose of that was to add liquidity to the banks due to high demands of credit. In addition, bonds matured that the banks had to repurchase thus reducing bank's liquid assets.

The US isn't exporting anything to maintain this extra-specia international position the USD is just one part of a system in which the USA, Europe, Britain and Japan take turns in being the strong safe haven currency to absorb hot money flows that have to go somewhere other than into gold, precious metals, Russia or China.

At the moment Europe has started Quantitative Easing so their currencies will get an artificial stimulus while the fiat currency system remains credible because investors who are desperate for a secure yield go to the US.

But because the US doesn't ever have a surplus of Trade, not ever, there is no tangible reason fot the strength of the USD outside of international political arrangements.

The European currencies will have to regain value without artificial stimulus to maintain those political arrangements, the war in Yemen that Trump is maintaining in spite of Congress is one problem I agree.

So the USD will have to decline in value for the €,£ and ¥ to recover and they then can take a turn accommodating the hot money flows while the USD recovers with artificial stimulus, this is the present fiat system.

But if the yield in US bonds dries up concurrently with European, British and Japanese bond yields the fiat system could collapse.

The World can't have only one single strong currency, because even if the US did achieve a surplus in the Balance of Trade Account there would be no way for Nations to get $'s and put them into their foreign reserve holdings.

Ans. US dollar dominance did not start at president Trump.
The United States became the lender of choice for many countries that were willing to buy dollar-denominated U.S. bonds. In 1919, Britain was finally forced to abandon the gold standard, which decimated the bank accounts of international merchants who traded in pounds. By then, the dollar had replaced the pound as the world’s leading reserve.


That financial situation that Trump is trying to achieve is known as a Tributary Demand System, if other Nations accepted this from Trump they would become vassal states and be broken up immediately.

Ans. To summarize you have concluded that president Trump has achieved a Tributary System that will make other nations subordinate to the United States.
You are wrong. The success of president Trump's economic development in the US has no bearing with the ambition of Tributary System. This Tributary System has existed since 1898, and even begun from the time of the US independence from Great Britain. Here is the history how this begun.


https://academic.oup.com/cjip/article/6/1/1/457227

The injection of such an enormous amount precede... (show quote)


Gavin Menzies tells us it was the Chinese Tributary system that fuelled the Renaissance and t***sferred power from the East to the West, but that is not antiquity as your link states, personally I believe Menzie's claims because if that "didn't happen", - (China gave the West the printing press etc. at the Renaissance of the 15 th. Century making Gutenburd's innovation anachronistic ), - the outcome of (p) Abrahams Religion and Western Religion in general would not be relevant to Universal Destiny.

Also what makes this analogy even more credible is the fact that the Chinese State who perfected the Tributory System and sent all their knowledge to the Renaissance meeting in Venice, so as to put the West in an indebted position, became defunct within decades of doing the deed.

Debt is the basis of the Tributory System couldn't agree more, $ bills are iou's.

It was after the second World War that the USD became the Global Reserve Currency before that the British Pound Sterling was top dog.

I mentioned Kim Iversen because in her episode when she made known to me the $203 billion currency injection the episode is titled "Are We Headed For A Big Economic Crash" she is supporting Trump, she claims Trump didn't bully anyone and the Fed is afraid of Sanders and Warren wanting to regulate, I just laughed.

Actually the Central Bank doesn't have to make known cash injections that are mandatory with on going economic expansion QE 3 ended in the US on October 2014 with the US Quantitative Easing being tapered down to $10 billion a month from $85 billion a month, so even your appraisal of $128 billion is massively significant in terms of Easing.

The other thing is that after 2009 when Obama began QE 1. when Britain and Japan were doing it too EU was a bit slow to start March 2015, the question is, why didn't the fiat system collapse then ?.

It was because China and Australia were not that badly affected by 2008 so we are best able to advise about the future.

Chinese and Australian "financial credibility" saved the day, Australian banks were forced to quit all criminal practices by the Labour Government earlier on, and China wasn't involved in selling garbage as securities.

But next time a big crash comes China, India, Pakistan,Turkey and Russia will pull the plug probably Germany too and just say let's kiss our bad debts good by and start again, dump the IMF and World Bank.

We don't know what Britain would do but Japan is now becoming isolated from the Asian markets and looking for help from Russia so if the economic crash does come Trump could be alone, the USD is isolated at the moment as the only currency performing well but alone all the same.

Probably the Eurasian economies will tie up with China and Russia who are ruthlessly mercantile, profit means very little to them everything is long term and chiseled in stone, probably, we are now back in the barbaric age, and the worst place to be is on the losing side.

I personally think the Tributory System is not the answer, its no longer a part of economic development because if you accept payment in iou's in exchange for goods and services the only reason that contract will be on-going is if the indebted person, namely the US, will be fulfilling some absolute need in the near future for a substantial group of other people, and thereby maintaining the value of the iou. ($), that is an impossible commitment to keep in the long-term.

I think everything will be recalibrated on the basis of barter.

Trump openly admits - Saudi Arabia - "King, !! I said, !! you wouldn't be king for 2 weeks without the US, better purchase some of these weapons or else" , end quote, that's like giving a 10 year old a chess set with instructions written in Tibeten, its not really the Tributory System its the Mafia system.


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Sep 19, 2019 15:47:22   #
Floyd Brown wrote:
Warming & cooling of the planet for the most part is not under control of man-kind.
But we are doing things that contribute to influencing our atmosphere.
To the extent that we can do to lesson the impact man-kind has on the weather we should do.

Now the warming in our artic regions is releasing methane as the permafrost melts.
Melting ice is causing the tides & storms to cause much greater damage in costal areas.

We cannot control it but we can do things to lessen the damage.
Warming & cooling of the planet for the most p... (show quote)


Maybe not now warming & cooling of the planet is not under the control of man but it was 10 or 20 years ago, I agree the tipping point has been reached and irreversible warming will take place, mainly on this thread I'm offerring a rebuttal to the theory that C*****e C****e is being caused by solar activity or Galactic Cosmic Rays affecting our Climate.

I'm hoping warming due to, as you mentioned, methane and other carbonic atmospheric particles that create warming don't combine with the many aspects of environmental degradation to cause a warning cycle that feeds on itself and the Earth becomes another planet without an atmosphere like Venus.

I hope in 5,000 years time the Earth will recover and the gases in the atmosphere will return to pre - industrialisation compositions.

It's not just climate it's also population ceiling and the fact that the age of invention has ended, that is, inventions that can save our species from privations caused by nature which is always fighting back, g****l w*****g is just one way nature is fighting against humans they call this phenomenon where nature turns the tide against us "The End Of The Techno Industrial Age".

This Techno Industrial Age has been developing to its now present apex since agriculture began 12,000 years ago or even before that when humans began the process of sedimentation creating social cultures by learning to co-operate by making individual sacrifices for collective benefits as h****r gatherers, climate allowed that development before that there were many upright walking peoples similar to man but not directly genetically connected but surely with a common ancestor.

These additional scientific factors combined with C*****e C****e can also be summed up as Malthusian Theory passed down from the late 18th. Century by T R Malthus who gave economic perspective a Theological dimension.

Theological connection to the causes of C*****e C****e and its mitigating circumstances is not really possible since Theology is an abstract cause and effect and Climate is a tangible cause and effect, maybe that is true but there again the only philosophy that seperates Theological and environmental questions is agnosticism, so the vast majority atheists' included agree that environmental science and Theology is the same subject because Theology to an atheist is science and science will one day answer the Fundamental Questions, that day has come.

But first we should drop Cosmic Rays as a cause of C*****e C****e.

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Sep 19, 2019 08:01:38   #
Radiance3 wrote:
=================
For heaven sake there you go again in a different fishing expedition so that there is something to blame on president Trump. What ever happening in Europe has not much to do with the US. China is the most affected business partner but lesser with the European nations. Germany triggers mostly the Europe's economy.

Local private banks are required to have reserves, but that does not mean that continued activities in bank are controlled. Changes on this are due to following factors. Increase in the demands of credit affects the rates higher.
Reserves in the bank could lower when more bonds are sold, the balance sheet assets liquid assets are reduced.

The .25% rate cut did not trigger inflation. What recently affects world inflation is the rising cost of fuel affecting the t***sport of all commodities of commerce, and the manufacturing products. Iran's bombing of oil in Saudi Arabia is part of that world shortage. although US is not much affected due to our own oil reserves.

Inflation is also affected by high demands of commodities when people have money to buy. Despite of our good economic demands, inflation did not much affect our economy. US inflation is stable.

The dollar at present is rated very high compared to the other countries currencies. China has devalued theirs to offset the tariffs impost on their exports to the US. Not a good idea, a violation of trade agreement.

Europe's economy has been affected by Germany's recession. Germany is the biggest economic power that affects mostly of Europe. Here are the reasons for that.

One of the main reasons why German industry is struggling so much is the country’s famous export dependency. Germany’s balance of trade, the difference between exports and imports, has seen some seasonally adjusted decline since the beginning of 2018 and only recently experienced what seems to be some kind of small recovery.
This, along with the continued weak performance of European export markets, makes it difficult for the German industry to export.
Moreover, domestic consumer spending in Germany has seen rather slow growth in the second half 2018 and just recently picked up a bit again.
1.German GDP growth has been slowing.
2.Industrial output 2009-19 has been negative
3. Manufacturing production 2018-19 has been slowing.
One of the main reasons why German industry is struggling so much is the country’s famous export dependency. Germany’s balance of trade, the difference between exports and imports, has seen some seasonally adjusted decline since the beginning of 2018 and only recently.

Overall president Trump has corrected the prior abuses of China and other countries thus prior years trade deficits with the US have been minimized. Prior years, US have lost average of $500 billions per year without even noticed by the prior presidents either due to ignorance of the economy or did not know how to balance the imports versus exports. Thus China got so rich within the 20 year period.

Now, US is able to control much of China's biggest trade imbalance that had been eroding our economy and balance of trade over the years. Despite of the world's slowing down, US has the best economy. Very low unemployment rate, no inflation, and balance of our trade with China with tariffs is working effectively. Mexico, and Canada with US is undergoing new trade agreement, removing NAFTA, and replaced with the United States–Mexico–Canada Agreement (USMCA.
Thanks to president Trump.
================= br For heaven sake there you go ... (show quote)


The injection of such an enormous amount preceded the •25% interest rate cut by days that shows either there was a pent-up demand or speculators were waiting to take advantage of inside information, that Trump telegraphed out.

There was no pent-up demand The economy was rolling along just fine and dandy.

Kim Iversen says there was $53 billion on Monday $ 75 billion on Tuesday and $75 billion new money issued on Thursday by the Fed to be made immediately available to all local banks.

There was no bonds sold to cover that $203 billion, and there won't be any, that money is not being used to purchase collateral to be held on the Central Banks balance sheet, as far as I know it's just being borrowed by local blank customers at interest rates well below the market value.

I think this is happening because the banks are lending a******lly and can't balance their books any other way except by $203 billion being issued to keep interest rates low.

If the USD was any other currency this decision would be inflationary, but because the USD represents 62% of international foreign exchange reserves it will go unnoticed, although the other 38% of reserve currencies held by all Nations become less secure because of the the $203 billion injection by the Fed.

The US isn't exporting anything to maintain this extra-specia international position the USD is just one part of a system in which the USA, Europe, Britain and Japan take turns in being the strong safe haven currency to absorb hot money flows that have to go somewhere other than into gold, precious metals, Russia or China.

At the moment Europe has started Quantitative Easing so their currencies will get an artificial stimulus while the fiat currency system remains credible because investors who are desperate for a secure yield go to the US.

But because the US doesn't ever have a surplus of Trade, not ever, there is no tangible reason fot the strength of the USD outside of international political arrangements.

The European currencies will have to regain value without artificial stimulus to maintain those political arrangements, the war in Yemen that Trump is maintaining in spite of Congress is one problem I agree.

So the USD will have to decline in value for the €,£ and ¥ to recover and they then can take a turn accommodating the hot money flows while the USD recovers with artificial stimulus, this is the present fiat system.

But if the yield in US bonds dries up concurrently with European, British and Japanese bond yields the fiat system could collapse.

The World can't have only one single strong currency, because even if the US did achieve a surplus in the Balance of Trade Account there would be no way for Nations to get $'s and put them into their foreign reserve holdings.

That financial situation that Trump is trying to achieve is known as a Tributary Demand System, if other Nations accepted this from Trump they would become vassal states and be broken up immediately.

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Sep 18, 2019 23:50:33   #
Radiance3 wrote:
=================
I think the rise of interest rate is due to supply and demand. There are factors currently that affected this.

At present there is scarcity of bank reserves. That is the asset that provides bank liquidity. The reason why the US Treasury injected $75 billion. Bank reserves have been declining, and is expected to decline further. The Treasury’s cash balance increases as and currency in circulation grows.

In other words, the cash reserves in the banking system is out of balance with the volume of securities in the dealers’ balance sheet. Other reasons. Corporate tax payment is due, and the bond market sell off. Investors sold securities back to dealers. That will decline cash reserves further in the banking system.

Interest rates affect the law of supply and demand. An increase for the demand of money or credit will raise the interest rates. Conversely a decrease in demand of money will reduce the interest rates.

The .25% cut of interest rate could be attributed to current economy inflation that is low and economic stability is in place.
================= br i I think the rise of intere... (show quote)


Cutting interest rates to cause inflation and reduce debt on paper probably won't work without a devalued $, sending prices up and hot money flows elsewhere, the policy seems to be outdated, not working in Europe, maybe the US should do that and give Europe a break, doubtful if Trump would ever agree.

However I thought that local private banks were forced to create the reserve held by the Central bank themselves, this reserve i through was demanded daily as a security proportionally based on the loans made by the local bank through the business day.

The credit provided to the customer at varying interest rates never requires physical currency, coins and notes enter the economy via ongoing operations not new ventures, credit provided by local banks comes from fairy dust and the Fairies can't fly because of they got a bit too heavy so the banking fraternity gives the sisters a piece of the sky pie till they recover, which I'm beginning to think that migh be never.

Trump screwed the World economy with sanctions and Trade Wars and so created a US safe haven with the USD successfully controlling all other currencies in order to create increased consumption with a stronger $, and the Fed bowing to political dictates to create a weaker $ while hot money flows are sustained by tributary international strategies.

This is my point at some stage either before or after December 2020 this brinkmanship will get called out, because it's becoming so distant from mercantilism that it makes Modern Monetary Theory look like a Balanced Budget or a Trade Surplus coming from edits on computer screens.
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Sep 18, 2019 20:10:40   #
Could some experts please offer OPP supporters an explanation about this 10% jump on Monday of overnight lending rates to banks, (on some t***sactions), which was followed today Thursday, by a •25 % cut in the Fed's benchmark key target rate for overnight lending.

Also this week the Fed announced a QE injection, some say, (Richard Wolff) of $ 123 billion, although $50 to $70 billion has been admitted too by the Fed in order to correct an anomaly that happened prior to the •25% cut which everyone knew was coming, obviously cheap money caused unprecedented demand.

Is this shortage of liquidity signalling too much lending because interest rates in the open market are too low ?, in which case why go even lower, hummm ! political manipulation, money printing for political profiteering? I'm confused.

This overnight rate was never lowered for Australian banks when there was genuine shortages of liquidity, (Australian banks cover their daily business t***sactions with offshore borrowing), also if the Queen can intervene in Australian politics and sack the PM, namely Gough Whitlam, why couldn't she sack Boris Johnson, I'm not expecting a reply but I suspect the US is acting like something of a giver of the Royal Order.
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