+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 
Forgot your password?

+-Stats ezBlock

Members
Total Members: 49
Latest: molly
New This Month: 1
New This Week: 0
New Today: 0
Stats
Total Posts: 13058
Total Topics: 261
Most Online Today: 5
Most Online Ever: 137
(April 21, 2019, 04:54:01 am)
Users Online
Members: 0
Guests: 3
Total: 3

Author Topic: Money  (Read 6869 times)

0 Members and 0 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #495 on: December 14, 2018, 01:20:19 pm »
Quote
Millions of French citizens have been violently demonstrating across France for the last month.

They are known as the gilets jaunes, or "yellow jackets". The protestors wear the yellow high-viz jacket, that is common on building sites and airports.

France: Understanding the Gilets Jaunes Uprising

by Rex

Mon, December 10, 2018

SNIPPET 1:
The vast majority haven't been told the truth about life for ordinary citizens, in France. As a result, they don’t understand the significance of the violent ‘gilets jaunes’ protests across the country. Having lived in France for years, REX explains why these are the most important protests in France since 1968 - and likely a beacon for citizens all across Europe.

SNIPPET 2:
In other words - why are millions of French citizens on the rampage, right now?

Because there’s a real France, that few ever see.

The France of the gilets jaunes. Or as we might label them, les deplorables.

And they are in a state of fury at a ruling class who not only let the population suffer, while enjoying a life of luxury and wealth, but who also blame ordinary people for their own suffering.


SNIPPET 3:

The French Ruling Class

Many still understand France through the lens of Vogue magazine covers: a nation of affluent, happy people who live in elegant homes, with endless holidays, wine and food.

A 24/7 utopia of chic, elegance and style.

Important to note: that France does exist. It is the world of the French ruling class , less than 1% of the population.

This small group of citizens have dominated the business, banking, legal and political scenes for decades.

The ruling class comes from a small group of grandes ecoles, or elite colleges. There are only 3 or 4. The top of the top? L’Ecole d’Administration Nationale (ENA).

Emmanuel Macron’s journey is typical of the ruliing class. He completed a Master's of Public Affairs at Institut d'Études Politiques de Paris (called "Sciences Po"), the #2 elite college, before graduating from ENA in 2004, age 27. He then worked as a senior civil servant at the Inspectorate General of Finances (The Treasury), before getting a high paid gig ad an investment banker at Rothschild & Cie Banque.

See how fast Macron worked his way into the senior civil servant position in the Treasury, before flipping into an exclusive investment bank? That is normal in France. It's a never-ending protected cycle of patronage, promotion, favors and cronyism.

Agelbert NOTE: IOW, it's the CAPITALISM, stupid!

Quote
"Capitalist ideology claims that the world is perfectly ordered and everybody is in their place (i..e. everybody gets what they deserve). This self legitmating aspect of Capitalism is Socially Catastrophic. This is the Victorian view of the world." Rob Urie - Author " Zen Economics"

Full article:

https://quodverum.com/2018/12/344/france-understanding-the-gilets-jaunes-uprising.html


Quote
Proverbs 1 KJV
31 Therefore shall they eat of the fruit of their own way, and be filled with their own devices.
32 For the turning away of the simple shall slay them, and the prosperity of fools shall destroy them.
33 But whoso hearkeneth unto me shall dwell safely, and shall be quiet from fear of evil.




But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #496 on: December 14, 2018, 01:51:47 pm »
December 14, 2018

SNIPPET:

Quote
Many of the Yellow Vests have flat-out rejected Macron's proposals, according to European-Views.

He is trying to do a pirouette to land back on his feet but we can see that he isn’t sincere, that it’s all smoke and mirrors,” said Jean-Marc, a car mechanic as a gathering of some 150 Yellow Vests in the southern town of Le Boulou.

It’s just window dressing, for the media, some trivial measures, it almost seems like a provocation,” said Thierry, 55, a bicycle mechanic.

“All this is cinema, it doesn’t tackle the problems of substance. “We’re really wound up, we’re going back to battle,” he told AFP before taking part in blocking the Boulou turnpike on the French-Spanish border.

“Maybe if Macron had made this speech three weeks ago, it would have calmed the movement, but now it’s too late. For us, this speech is nonsense,” said Gaetan, 34, one of the “Rennes Lapins Jaunes” (Yellow Rabbits of Rennes).

One 35-year-old French official said that Macron "is being held hostage so he drops some crumbs."

Read more:


Quote
Arrogance & Ignorance : A Toxic Mix

Notice Macron's age, when he became a senior civil servant - 27 years of age. That’s important. The French elites are young men and women, who have been told that they are not just the intellectual creme de la creme, but morally superior. Better human beings, than their inferiors.  These people are arrogant. But they are also ignorant. Raised in very wealthy families and cosseted in the networks those families are part of, they have no understanding of ordinary people and their real lives. Arrogance and ignorance is a very toxic mix. Macron’s tone-deaf appeal to climate change to justify the rise in diesel taxes, as well as his outrageous suggestion that ordinary French folk must drive less, is a classic example of the problem.

Just 27 years old. Young people without life experience, are suggestible. They believe what they are told by superiors and haven’t yet had time to test their opinions, against reality. Macron simply doesn’t have a clue.

What makes the gilets jaunes protests unique? Their main gripe? Elites blaming ordinary people, for problems that the same elites have caused. Elites never being held accountable for their incompetence. And elites never having to experience the conditions, that their failed ideas cause.

French people are sick of being held in chains by a ruling class. They are sick of being poor and unemployed. They want a new direction, for their beloved nation.

Sound familiar?

Agelbert NOTE: If these empathy deficit disordered ruling class Capitalist ideologues don't resolve to go 100% SOCIALIST very, very soon, this will inevitably follow:

It's the CAPITALISM, stupid!

But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #498 on: December 14, 2018, 04:24:46 pm »
December 14, 2018




Quote
December 14, 2018 - Bank of America's Chief Investment Strategist: It is rare for combo of such capitulation out of risk, capitulation into US dollar & Fed dovishness not to spark rally; only reason it would not is fear of “credit event” & “policy impotence.”

Agelbert provided TRANSALATION (see below):

Quote
marcel tjoeng
If parasitic capitalism is running out of ideas where to feed its blood from, that gives you an idea of how much untapped blood there is around.

No more, apparently. Now the bloodsucking parasite must turn within, turn on each other, or not be able to grow more, or just gaze at its shrivelling own body. So, what exactly is the problem .. ?
But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #499 on: December 14, 2018, 05:26:41 pm »
December 14, 2018

SNIPPET:

S&P Financials are now down 20.3% from their highs - officially entering a bear market as they fall to the lowest since September 2017...


The S&P Bank index is extending losses, now down 24% from its 2018 highs and at its lowest since September 2017.


Read more:


But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #500 on: December 14, 2018, 06:06:43 pm »

Meltdown: Traders Tremble As Trump, Trade & Talc Trigger Turmoil

by Tyler Durden

Fri, 12/14/2018 - 16:00

SNIPPET:

6th day of "sell the ***king rip" in a row...


Year-to-Date, all the majors except Nasdaq are back in the red...


All the major US equity indices are in correction (down 10%) or worse...

Dow -10.5% from highs

S&P -11.3% from highs - lowest weekly close since March 2018

Nasdaq Comp -14.6% from highs

Trannies -17.8% from highs - Nov 2017 lows, worst 2-week drop since Aug 2011

Russell 2000 -18.5% from highs - lowest since Sept 2017

Breadth is getting extremely weak with just 24% of all NYSE stocks now trading above thei 200DMAs...


Read more:

https://www.zerohedge.com/news/2018-12-14/stocks-slammed-trump-trade-talc-trigger-turmoil

But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #501 on: December 14, 2018, 09:47:28 pm »
Are We Witnessing The Impoverishment of America?

4,584 views


Thom Hartmann Program

Published on Dec 12, 2018

More and more Americans are shopping for groceries at Dollar Stores where only food with the least nutritional content is sold.

The middle class used to shop at K Marts and big name grocery stores but over a quarter century of Reaganomics has diminished the middle class and it's buying power.

SUPPORT THE PROGRAM
► Join us on Patreon: http://www.patreon.com/thomhartmann where you can also watch a re-run of the three hour program at any time
 
AUDIO PODCASTS
► Subscribe today: http://www.thomhartmann.com/podcast

FOLLOW THOM
► AMAZON : http://amzn.to/2hS4UwY
► BLOG : http://www.thomhartmann.com/thom/blog
► FACEBOOK : http://www.facebook.com/ThomHartmannP...
► INSTAGRAM : http://www.instagram.com/Thom_Hartmann
► PATREON : http://www.patreon.com/thomhartmann
► TWITTER : http://www.twitter.com/thom_hartmann
► WEBSITE : http://www.thomhartmann.com
► YOUTUBE : http://www.youtube.com/subscription_c...

ABOUT THE PROGRAM
The Thom Hartmann Program is the leading progressive political talk radio show for political news and comment about Government politics, be it Liberal or Conservative, plus special guests and callers

✔ Amazon links are affiliate links

Category News & Politics
But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #502 on: December 14, 2018, 09:56:45 pm »
The Shrinking Difference Between Today's Working Class and Feudal Serfs (w/ Prof Richard Wolff)

10,555 views


Thom Hartmann Program

Published on Dec 6, 2018

Is Donald Trump's unplanned fumbling with an economy already experiencing it's cyclical capitalist crisis pushing us toward the return of feudalism?

Professor Richard Wolff joins Thom

SUPPORT THE PROGRAM
► Join us on Patreon: http://www.patreon.com/thomhartmann where you can also watch a re-run of the three hour program at any time
 
AUDIO PODCASTS
► Subscribe today: http://www.thomhartmann.com/podcast

FOLLOW THOM
► AMAZON : http://amzn.to/2hS4UwY
► BLOG : http://www.thomhartmann.com/thom/blog
► FACEBOOK : http://www.facebook.com/ThomHartmannP...
► INSTAGRAM : http://www.instagram.com/Thom_Hartmann
► PATREON : http://www.patreon.com/thomhartmann
► TWITTER : http://www.twitter.com/thom_hartmann
► WEBSITE : http://www.thomhartmann.com
► YOUTUBE : http://www.youtube.com/subscription_c...

ABOUT THE PROGRAM
The Thom Hartmann Program is the leading progressive political talk radio show for political news and comment about Government politics, be it Liberal or Conservative, plus special guests and callers

✔ Amazon links are affiliate links

Category News & Politics
But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #503 on: December 16, 2018, 05:04:40 pm »
Agelbert NOTE:  "TEU" stands for "Twenty-foot Equivalent Unit" (TEU) is a shipping container whose internal dimensions measure about 20 feet long, 8 feet wide, and 8 feet tall. It can hold between 9 and 11 pallets, depending on whether they are standard pallets or EUR-pallets.



Port of Los Angeles On Track to Surpass 9 Million TEU This Year, But November Volumes Down

December 14, 2018 by Mike Schuler

Port of Los Angeles. Photo: trekandshoot / Shutterstock.com

America’s busiest container port, the Port of Los Angeles, processed 832,331 Twenty-Foot Equivalent Units (TEUs) in November 2018 putting it on track to once again surpass 9 million TEUs this year.

November marked the fifth consecutive month volumes exceeded 800,000 TEUs and tthe sixth busiest month in the 👀 Port’s history.

Compared to November 2017, however, November 2018 imports decreased 8.8 percent to 422,793 TEUs while exports also fell 14.3 percent to 152,527 TEUs. Exports of empty containers decreased 9.1 percent to 257,011 TEUs. Combined, November overall volumes were 832,331 TEUs, a 9.9 percent decrease compared to last year.

Last November’s 924,256 TEUs were an all-time record until it was surpassed in October 2018.

Year-to-date through November, overall volumes are 8,555,490 TEUs, nearly the same volumes compared to 2017 when the Port set an all-time annual cargo record.

“In November, we processed a number of high-volume vessels brought into service to facilitate the holiday season cargo surge and accommodate the push to import cargo before tariffs that were previously scheduled to increase on January 1st,” said Port of Los Angeles Executive Director Gene Seroka. “As we enjoy the holiday season, I’m grateful to all of our labor workforce, customers and stakeholders for the role they play in moving such a high volume of trade. As 2019 approaches, we are committed to tackling the challenges and seizing the opportunities that await.”

The Eleonora Maersk, calling at the Port’s APM Terminals, set a new North American container handling record for a single cargo vessel with the off-loading and then loading of 27,846 TEUs.

November cargo volumes at neighboring Port of Long Beach rose to 621,835 TEU, a 1.5 percent increase compared to November 2017, which puts it on track to break its 7.5 million TEU record set in 2017. According to Port of Long Beach Executive Director Mario Cordero, recent container trends, such as the growth of imports relative to exports and the large number of unloaded containers, illustrate how the higher tariffs imposed this year by the United States and China have impacted the flow of commerce.

https://gcaptain.com/port-of-los-angeles-on-track-to-surpass-9-million-teu-this-year-but-november-volumes-down/

But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #504 on: December 16, 2018, 07:07:49 pm »

Until We Confront Capitalism, We Will Not Solve the Climate Crisis

BY Anton Woronczuk, Truthout

PUBLISHED December 16, 2018

SNIPPET:

International climate negotiations have failed to curb runaway greenhouse gas emissions. Consumer-focused solutions to climate change won't be enough to address the systemic nature of the crisis. So what do we do to halt global warming? Simon Pirani, author of Burning Up: A Global History of Fossil Fuel Consumption, discusses the prospects for transitioning to a post-fossil fuel world.

Full article:

https://truthout.org/articles/until-we-confront-capitalism-we-will-not-solve-the-climate-crisis/

   

But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #505 on: December 17, 2018, 02:12:13 pm »
This cartoon is an appropriate visual metaphor of our country world now:


Fixed that for you.

RE


But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #506 on: December 17, 2018, 02:33:41 pm »



Mon, 12/17/2018 - 13:40


Quote
Batman11
What goes wrong with free markets?  ???

They worked it out in the 1930s.

Henry Simons and Irving Fisher supported the Chicago Plan to take away the bankers ability to create money, so that free market valuations could have some meaning.

The real world and free market, neoclassical economics would then tie up.



1929 – Inflating the US stock market with debt (margin lending)

2008 – Inflating the US real estate market with debt (mortgage lending)

Bankers inflating asset prices with the money they create from loans.

https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf

What was the transmission mechanism from FED QE into the markets?

The FED QE went into bank reserves and they used margin lending to get it into the markets.

Bankers inflating asset prices with the money they create from loans
 
The lazy little sods in the Mont Pelerin Society just went back to 1920s neoclassical economics and lost everything they had learnt in the 1930s.
« Last Edit: December 17, 2018, 04:27:59 pm by AGelbert »
But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #507 on: December 17, 2018, 02:54:54 pm »
Quote
The surge at around 1330ET was the 3rd biggest sell program of 2018 and with each new flush, stocks are making news lows...


by Tyler Durden

Mon, 12/17/2018  👀

Forced Fund Liquidations: Stocks Slammed By Barrage Of Massive Sell Programs
« Last Edit: December 17, 2018, 04:28:42 pm by AGelbert »
But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #508 on: December 17, 2018, 06:02:34 pm »
💣

Quote
“A potential revolutionary situation exists in any country where the government consistently fails in its obligation to ensure a least a minimally decent standard of life for the great majority of its citizens." You will never guess who wrote this in 1961. BUT, when you find out, if you are a CAPITALIST "might is right" IDEOLOGUE, you will stubbornly (and erroneously) pretend it is only true in China, while ignoring the FACT that it is much more applicable in Europe and the USA today.
« Last Edit: December 18, 2018, 01:07:41 pm by AGelbert »
But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 30190
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #509 on: December 18, 2018, 12:52:36 pm »
Agelbert NOTE: The following truth filled comment was made in regard to the avalanche of Trumptard 🐵🐒🦍 comments 🙉🙊 on the linked article:


Quote
Expat  👍 😎

just to be clear: Trumpturds are whining like little b i t c h e s not because the Trump Organization(s) are corrupt, but because they believe the Clinton Foundation is corrupt and therefore Trump should be allowed to do whatever he wants until Bill and Hillary are in jail.

Can I come to your house and kill your kids because there are unsolved murders out there?  Do I get a free pass?

Biased, blinkered, hypocritical little nazis.MAGA


Tue, 12/18/2018 - 11:25

Trump Foundation Agrees To Dissolve Amid A "Shocking    Pattern Of Illegality"

But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20

 

+-Recent Topics

You will have to pick a side. There is no longer Room for Procrastination by Surly1
August 25, 2019, 10:49:02 am

Doomstead Diner Daily by Surly1
August 25, 2019, 09:25:10 am

Pollution by AGelbert
August 24, 2019, 10:16:06 pm

Global Warming is WITH US by AGelbert
August 24, 2019, 10:00:00 pm

Creeping Police State by AGelbert
August 24, 2019, 09:48:30 pm

The Koch Brothers Exposed! by AGelbert
August 24, 2019, 09:36:34 pm

The Big Picture of Renewable Energy Growth by AGelbert
August 24, 2019, 09:30:03 pm

Corruption in Government by AGelbert
August 24, 2019, 09:18:38 pm

Money by AGelbert
August 24, 2019, 08:44:59 pm

Comic Relief by AGelbert
August 24, 2019, 08:21:55 pm