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Topic Summary

Posted by: AGelbert
« on: April 20, 2018, 05:56:30 pm »

America’s “Actual” GDP: The Shocking Truth


APRIL 19, 2018


Economists Carmen Reinhart and Kenneth Rogoff have shown that annual economic growth falls 2% per year when the debt-to-GDP reaches 60%.

When it hits 90%… they conclude one dollar of debt yields less than one dollar of output.

Debt no longer lifts… but drags.

What is America’s current debt-to-GDP ratio?

Roughly 105%.  :P

When did the U.S. debt-to-GDP ratio cross the 90% red line?

This is, when did the wine start turning to vinegar?

In 2010, it appears… shortly after the great turning point.

After 2008, argues financial advisory firm Baker & Co., “something in our economy broke.”

Before 2008, what they term “actual” GDP had always risen alongside the rising debt — whether because of it — or in spite of it.

But no longer.

Full article:


Posted by: AGelbert
« on: April 20, 2018, 04:58:28 pm »

Agelbert NOTE: If you wish to know, without any doubt whatsoever, who are the oligarchs totally, not partially, responsible for the horrendously polluted, massively unjust, deliberately cruel and generally miserable condition of human civilization, the graphic below is sine qua non. It is not difficult to determine where the most numerous, and consequently most damaging, group of profit over people and planet parasites, euphemistically called the "ultra rich", reside. 

Where the World’s Ultra Rich
Population Lives


Posted by: AGelbert
« on: April 05, 2018, 02:56:17 pm »

Soybeans, Cars, Planes, and "To Hell With Wall Street"  ;)

April 5, 2018

by Mike Mish Shedlock


While the Trump list would affect 1,300 categories of goods, China critically is targeting a narrower range of 106 types of U.S. goods, many of them high-profile. Soybeans and smaller commercial passenger planes, mostly made by Boeing Co. , are the most valuable U.S. exports to China, worth nearly $23 billion last year.

Also prominent in China’s retaliation are sport-utility vehicles and other agricultural products, from beef to sorghum—goods that were chosen to hit U.S. states that supported President Donald Trump, according to people familiar with Beijing’s plans.

Not a Trade War 😇

Donald J. Trump 🦀
✔ @realDonaldTrump
We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue! 7:22 AM - Apr 4, 2018 120K 55.3K people are talking about this

Mercy me. Don't call this a trade war. It's really a peanut butter sandwich.

Read more: 


Posted by: AGelbert
« on: April 04, 2018, 07:14:17 pm »

  April 3, 2018

Wall Street Bankers' Executive Bonuses 😈 👹 💵 🎩 Highlight Worsening Inequality

Banks are collecting money from every corner of this economy, becoming "the special winner in the capitalist game of our time," says economist Richard D. Wolff. The bonuses "strike another blow for that growing inequality between the rich and everybody else in the United States"

Posted by: AGelbert
« on: April 04, 2018, 04:45:38 pm »

Authored by Adam Taggart via PeakProsperity.com,


Wed, 04/04/2018 - 13:54

To all those investors expecting the Fed to step in to backstop the recent weakness seen in the stock market, Wolf Richter warns: The cavalry isn't coming.

After years of force-feeding too much liquidity into world markets, the central banking cartel is now aware of the Franken-markets it has created. And now with a new head at the US Federal Reserve, and soon at the ECB, central bankers have shifted their priority from supporting asset prices to now actively engineering lower prices.

They just don't want prices to drop too far too fast.

Agelbert NOTE: I agree that the Fed will not keep the markets from sinkng slowly, but I totally disagree with the anti-Tesla baloney pushed in the above u-tube podcast. Based on that, Ford would have been bankrupt by 1920. Tesla has a LOT more going for it than Ford did when Rockefeller bailed it out THREE times. These bean counters like wolf Richter forget the "minor detail" called CATASTROPHIC CLIMATE CHANGE when they arbitrarily claim that Tesla is a "bad investment". Tesla's business model is what ALL corporations should strive to emulate. That model REQUIRES that you produce a product that benefits society AND that uses revenue to reinvest in plant and equipment, INSTEAD of using the revenue almost exclusively to bleed corporate coffers 😈 in order to pay investors greater dividends.

Tesla is probably the car manufacturing corporation with the greatest chance of success and profitability in the in-your-face reality that even the delusional fossil fuelers will soon be forced to deal with.

Posted by: AGelbert
« on: April 04, 2018, 02:27:41 pm »

Agelbert NOTE: Rather than the title given below, a more appropriate title woud be: Continuously Calculated Corruption.

Contours  🏴‍☠️ 🚩 Of The Correction 🌠

by Tyler Durden

Wed, 04/04/2018 - 12:49



Despite the recent correction, the U.S. equity markets still easily lead all major global markets in terms of valuation. This is not cause for optimism, it is a sign of extended risk. The outlook for earnings has improved due to tax reform and other recent fiscal policy measures, but even with that boost, earnings do not support these valuations. There is also a clear tension between the Fed and their monetary measures and those of the Congress undertaking new fiscal stimulus. Those paths will overlap and it will be bumpy at best with tightening Fed policy opposed by the forces of fiscal stimulus buttressed by tariffs and the threat of retaliation from other countries.

The markets appear to have sent an early warning to equity holders with the spike in volatility, but with the sustained optimism of the market since, it does not appear as though many have taken heed. Since early February, volatility has dropped back to less elevated levels but it remains significantly higher than the single digit readings commonly seen in 2017. Even if VIX stabilized to average 15 for the next few weeks, that would still be 36% above the average level of 11 for all of 2017. If interest rates remain elevated, to say nothing of rising, it will create further portfolio deleveraging pressure especially on the $1 trillion in funds managed under risk parity strategies.

Despite the bounce from the lows seen on February 8, the market seems uncomfortable and edgy. At the same time, it appears unconvinced that anything could be wrong. Investors 🙉 🙊 🐷  have enjoyed such a long period of extreme central bank 😈 accommodation and the easy returns 💵 🎩 that have gone along with it, they are reluctant to modify for the changes clearly taking place. Risks, both implied and explicit, are large 💣 and growing 🚩 but investors seem mostly unaware despite the early warning signal.

A fair characterization would be that it’s like living next to the city dump, if you’re there long enough, you eventually stop noticing the smell.

full article:


Posted by: AGelbert
« on: April 03, 2018, 10:06:41 pm »

Stock Market Bulls Don’t Want The Dow To Slip From Here! 🚩

by kimblecharting

Tue, 04/03/2018 - 10:25

The Dow Jones Industrial Average peaked at 26,616 on January 26th. Those highs set the stage for the stock market correction that investors are facing right now.

How and Why?

We’ve been warning since early this year that stocks were getting ahead of themselves. The chart below illustrates just how far ahead they got… the Dow’s momentum reading this year reached levels not seen since 1929, 1987, 2000, and 2007. At the same time, the Dow’s price reached the top side (point 1) of a 70-year rising channel (point A).

Decision Point

The stock market correction has taken the Dow Jones down to an important intermediate-term support point – its rising “monthly” trend line off the 2016 lows (point 2). What happens here could determine whether this is a “run of the mill” correction or something more ominous.

Any puncture of support would need to be short-lived for the intermediate uptrend to remain intact. However, if bulls fail to adequately defend this trend line, then the market decline could get ugly 💣 💥. Stay tuned!

Dow Jones Industrial Average Long-Term Chart

While many have been focused on the 200-day moving average test for the S&P 500, the Power of the Pattern is of the opinion this is one very Important “Support Test” in play for the Dow. Support is support friends until broken.

This post was originally written for See It Markets.com.

Posted by: AGelbert
« on: April 03, 2018, 09:57:04 pm »

Trade War 💣 Round 2: US Releases China Tariff List Targeting 1,300 Products

by Tyler Durden

Tue, 04/03/2018 - 19:11


Assuring that a second retaliation by China in the escalating trade war is just a matter of days if not hours, moments ago the US Trade Representative released a list of Chinese product subject to 25% tariffs as part of Trump's Section 301 crackdown on Beijing Intellectual Property abuses, focusing on China's high tech product push.

Below we list the top US imports from China. Not surprisingly, most are found in the new tariff list:

Telecom equipment
Office equipment
Seats (professional chairs)
Auto parts
Lamps & lighting
Suitcases & bags

What else is in the list? ???

Stuff that you put on your body: spared. Stuff you put in your home: targeted,” said Hun Quach, vice president of international trade for the Retail Industry Leaders Association. Some more details from Bloomberg:

In some cases the tariffs targeted raw materials and components used to assemble finished goods in the U.S., such as ingredients for insulin, while in others the items were complete products, like Chinese-assembled cars. Many of the affected products were machines used to make other things, vexing factory owners accustomed to being praised by Trump for manufacturing in the U.S.

While apparel and footwear won’t get additional tariffs, some equipment used to make them, like textile printers and injection molders for shoes, are getting taxed. “Tariffs on certain machinery will make American-made products more expensive,” said Matthew Shay, president of the National Retail Federation, in a statement.

With the list published, the National Association of Manufacturers will be consulting with its members about what specific products on the list it may oppose and try to get removed during the comment period, spokesman Michael Short said. The group urged Trump to pursue a bilateral trade agreement with China rather than act on its own.

Trade industry associations also said they are expressing their concerns about the tariffs publicly and privately with the administration and will be active during during the comment and review period to determine the final list of products subject to tariffs.

Full article: 👀

Posted by: AGelbert
« on: April 03, 2018, 02:00:39 pm »

Crisis Struck 10 Years Ago: What's Changed?

by Mike Mish Shedlock
April 1, 2018 -edited

The financial crisis and the massive federal response reshaped the world we live in. Or did it?

The Wall Street Journal has an interesting infographic series of 25 charts entitled 10 Years After the Crisis.

Here's eight of the 25.

Median Income Barely Up

Forget averages. The median is what counts most.

Real median wages fell in 7 out of the last 11 years! For details, please see Imaginary Wage-Inflation Conundrum.

My discussion pertains to "wages". The WSJ referred to "household income".

Public Debt Triples

The MMT crowd says "We owe it to ourselves".

Credit Rating Agencies

The guys 🙉 🙊 that rated everything AAA in 2007 are still 🐒 in charge of things.

Fannie Mae

They promised to unwind Fannie Mae. What happened?

More Ways To Invest

More ways to invest in fewer companies. Who can possibly find fault with that? The casino is open!

Revolving Doors Still Functioning

The revolving door concept still works.

Gotcha! 😇😉

Batting one out of a thousand is arguably better than expected.

Wealth Distribution Trends

Who couldda possibly thunk that might happen when you bail out the banks 😈, lower interest rates to zero 😈, foreclose on millions of homes 😈, send no one to jail 😈, and promote inflation 😈?

No one could possibly have predicted this result. 😇  ::)

Mike "Mish" Shedlock​ 

Posted by: AGelbert
« on: April 02, 2018, 07:35:20 pm »

On Contact: The Coming Collapse of the American Economic System with Richard Wolff


RT America

Published on Apr 1, 2018

Economist Richard Wolff discusses the coming economic collapse of the United States of America.
Posted by: AGelbert
« on: April 02, 2018, 05:46:01 pm »


The Oligarchs’ 😈 ‘Guaranteed Basic Income’ Scam

By Chris Hedges

A number of the reigning oligarchs—among them Mark Zuckerberg (net worth $64.1 billion), Elon Musk (net worth $20.8 billion), Richard Branson (net worth $5.1 billion) and Stewart Butterfield (net worth $1.6 billion)—are calling for a guaranteed basic income. It looks progressive. They couch their proposals in the moral language of caring for the destitute and the less fortunate. But behind this is the stark awareness, especially in Silicon Valley, that the world these oligarchs have helped create is so lopsided that future consumers, plagued by job insecurity, substandard wages, automation and crippling debt peonage, will be unable to pay for the products and services offered by the big corporations.

The oligarchs do not propose structural change. They do not want businesses and the marketplace regulated. They do not support labor unions. They will not pay a living wage to their bonded labor in the developing world or the American workers in their warehouses and shipping centers or driving their delivery vehicles. They have no intention of establishing free college education, universal government health or adequate pensions. They seek, rather, a mechanism to continue to exploit desperate workers earning subsistence wages and whom they can hire and fire at will. The hellish factories and sweatshops in China and the developing world where workers earn less than a dollar an hour will continue to churn out the oligarchs’ products and swell their obscene wealth. America will continue to be transformed into a deindustrialized wasteland. The architects of our neofeudalism call on the government to pay a guaranteed basic income so they can continue to feed upon us like swarms of longnose lancetfish, which devour others in their own species.

“Increasing the minimum wage or creating a basic income will amount to naught if hedge funds buy up foreclosed houses and pharmaceutical patents and raise prices (in some cases astronomically) to line their own pockets out of the increased effective demand exercised by the population,” David Harvey writes in “Marx, Capital, and the Madness of Economic Reason.” “Increasing college tuitions, usurious interest rates on credit cards, all sorts of hidden charges on telephone bills and medical insurance could steal away the benefits. A population might be better served by strict regulatory intervention to control these living expenses, to limit the vast amount of wealth appropriation occurring at the point of realisation. It is not surprising to find there is strong sentiment among the venture capitalists of Silicon Valley to also support basic minimum income proposals. They know their technologies are putting people out of work by the millions and that those millions will not form a market for their products if they have no income.”

The call for a guaranteed basic income is a classic example of Karl Marx and Antonio Gramsci’s understanding that when capitalists have surplus capital and labor they use mass culture and ideology, in this case neoliberalism, to reconfigure the habits of a society to absorb the surpluses.

In the wake of World War II, for example, the capitalists’ problem was solved by heavy investments in the military and war industry, ideologically justified by Red baiting and the Cold War, and by massive infrastructure projects, including the building of highways, bridges and houses, to move people out of cities into suburbs, where consumption rose. The social engineering projects were done in the name of national security and progress. And they made the oligarchs of that day richer.

“The development of a whole new suburban lifestyle (acclaimed in popular TV sitcoms like The Brady Bunch and I love Lucy which celebrated a certain kind of ‘daily life of peoples’) along with all sorts of propaganda for the ‘American Dream’ of individualized homeownership stood at the centre of a huge campaign to construct new wants, needs and desires, a totally new lifestyle, in the population at large,” Harvey says in his book. “Well-paid jobs were required to support the effective demand. Labour and capital came to an uneasy compromise at the urging of the state apparatus in which a white working class made economic gains, even as minorities were left out.”

This phase of capitalism ended once industry moved overseas and wages stagnated or declined. The well-paying unionized jobs disappeared. Jobs became menial and inadequately compensated. Poverty expanded. The oligarchs began to mine government social services, including education, health care, the military, intelligence gathering, prisons and utilities such as electricity and water, for profit. As a publication of the San Francisco Federal Reserve reportedly noted, the country—and by extension the oligarchs—could no longer get out of crises “by building houses and filling them with things.” The United States shifted in the 1970s from what the historian Charles Maier called an “empire of production” to “an empire of consumption.” In short, we began to borrow to maintain a lifestyle and an empire we could no longer afford.

Profit in the “empire of consumption” is extracted not by producing products but by privatizing and pushing up the costs of the basic services we need to survive and allowing banks and hedge funds to impose punishing debt peonage on the public and **** on tech, student debt and housing bubbles. The old ideology of the New Deal, of government orchestrating huge social engineering projects under the Public Works Administration or in the War on Poverty, was replaced by a new ideology to justify another form of predatory capitalism.

In Harvey’s book “A Brief History of Neoliberalism” he defines neoliberalism as “a project to achieve the restoration of class power” in the wake of the economic crisis of the 1970s and what the political scientist Samuel Huntington said was America’s “excess of democracy” in the 1960s and the 1970s. It achieved its aim.

Neoliberalism, Harvey wrote, is “a theory of political economic practices that proposes that human well-being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free markets, and free trade.”

American oligarchs discredited the populist movements of the 1960s and 1970s that had played a vital role in forcing government to carry out programs for the common good and restricting corporate pillage. They demonized government, which as John Ralston Saul writes, “is the only organized mechanism that makes possible that level of shared disinterest known as the public good.” Suddenly—as Margaret Thatcher and Ronald Reagan, two of the principal political proponents of neoliberalism, insisted—government was the problem. The neoliberal propaganda campaign successfully indoctrinated large segments of the population to call for their own enslavement.

The ideology of neoliberalism never made sense. It was a con. No society can effectively govern itself by basing its decisions and policies on the dictates of the marketplace. The marketplace became God. Everything and everyone was sacrificed on its altar in the name of progress. Social inequality soared. Amid the destruction, the proponents of neoliberalism preached the arrival of a new Eden once we got through the pain and disruption. The ideology of neoliberalism was utopian, if we use the word “utopia” as Thomas More intended—the Greek words for “no” and “place.” “To live within ideology, with utopian expectations, is to live in no place, to live in limbo,” Saul writes in “The Unconscious Civilization.” “To live nowhere. To live in a void where the illusion of reality is usually created by highly sophisticated rational constructs.”

Corporations used their wealth and power to make this ideology the reigning doctrine. They established well-funded centers of propaganda such as The Heritage Foundation, took over university economic departments and amplified the voices of their courtiers in the media. Those who questioned the doctrine were cast out like medieval heretics, their careers blocked and their voices muted or silenced. The contradictions, lies and destruction within neoliberal ideology were ignored by those who dominated the national discourse, leading to mounting frustration and rage among a populace that had been abandoned and betrayed.

The propagandists for neoliberalism blamed the other—Muslims, undocumented workers, African-Americans, gays, feminists, liberals, intellectuals and, of course, government—for the downward spiral. Politicians who served the interests of the corporate oligarchs told dispossessed white workers their suffering was caused by the ascendancy of these marginalized groups and a cultural assault on their national identity and values, not corporate pillage. It was only a matter of time before this lie spawned the xenophobic, racist hate speech that dominates American political life and led to the rise of imbecilic and dangerous demagogues such as Donald Trump.

“Each of Globalization’s strengths has somehow turned out to have an opposing meaning,” Saul writes in “The Collapse of Globalization and the Reinvention of the World.” “The lowering of national residency requirements for corporations has morphed into a tool for massive tax evasion. The idea of a global economic system mysteriously made local poverty seem unreal, even normal. The decline of the middle class—the very basis of democracy—seemed to be just one of those things that happen, unfortunate but inevitable. That the working class and lower middle class, even parts of the middle class, could only survive with more than one job per person seemed to be the expected punishment for not keeping up. The contrast between unprecedented bonuses for mere managers at the top and the four-job family below them seemed inevitable in a globalized world. For two decades an elite consensus insisted that unsustainable third-world debts could not be put aside in a sort of bad debt reserve without betraying Globalism’s essential principles and moral obligations, which included unwavering respect for the sanctity of international contracts. It took the same people about two weeks to abandon sanctity and propose bad debt banks for their own far larger debts in 2009.”

The oligarchs mask their cruelty and greed with an empty moralism. They claim to champion women’s rights, diversity and inclusivity, as long as women and people of color serve the corporate neoliberal project. An example of this moralism occurred last Tuesday when NPR’s Ari Shapiro interviewed Lyft co-founder and President John Zimmer and former Obama administration official Valerie Jarrett, a member of the company’s board, about diversity and gender equality in the workplace. Shapiro asked about Lyft offering free rides to those marching against gun violence and donating to the ACLU.

“We serve our drivers, we serve our passengers, and we serve the employees that work for us,” Zimmer said in the interview. “And when it comes to [resisting gun] violence, when it comes to equality, those are things that we’re going to stand up for.”

America’s “gig economy,” as I wrote last week in my column, is a new form of serfdom. Corporations such as Lyft use lobbyists and campaign donations to free themselves from regulatory control. They force poorly paid temporary workers, who lack benefits, to work 16 hours a day in a race to the bottom. This neoliberal economic model destroys regulated taxi and livery services, forcing drivers who were once able to make a decent income into poverty, bankruptcy, foreclosures, evictions and occasionally suicide. By fighting gender, sexual and racial inequality in the workplace rather than economic inequality, by denouncing mass shootings rather than out-of-control police violence and mass incarceration, these corporations hide their complicity in societal disintegration. Their empty moralism and faux compassion is an updated version of the publicity stunt that John D. Rockefeller, whose personal fortune was $900 million in 1913, or $189.6 billion in today’s terms, used when he handed out shiny new dimes to strangers.

Neoliberalism heralds a return to the worst days of unregulated capitalism, after the Industrial Revolution when workers were denied a living wage and decent, safe working conditions. Oligarchs have not changed. They are out for themselves. They do not see government as an institution to defend and promote the rights and needs of citizens. They see it as an impediment to unrestricted exploitation and profit. Human beings, to oligarchs, are commodities. They are used to increase wealth and then discarded. Oligarchs don’t propose programs such as a guaranteed basic income unless they intend to profit from it. This is how they are wired. Don’t be fooled by the grins and oily promises of these human versions of the Cheshire Cat. The object is to spread confusion while they increase levels of exploitation.

“Alice asked the Cheshire Cat, who was sitting in a tree, ‘What road do I take?’ ” Lewis Carroll wrote. “The cat asked, ‘Where do you want to go?’ ‘I don’t know,’ Alice answered. ‘Then,’ said the cat, ‘it really doesn’t matter, does it?’ ”

The longer the elites keep us in darkness with their ideological tricks and empty moralism, the longer we refuse to mobilize to break their grip on power, the worse it will get.


Agelbert NOTE: I would add a graphic warning to the following accurate statements about oligarchs by Chris Hedges :

"Human beings, to oligarchs, are commodities. They are used to increase wealth and then discarded."

Posted by: AGelbert
« on: March 30, 2018, 02:56:31 pm »

March 28, 2018

Economic Update - Capitalism Breeds Inequality

Since 1980, the income of the top .001 percent went up by six hundred percent, but the bottom fifty percent saw no income increase at all, says economist Richard D. Wolff

Posted by: AGelbert
« on: March 24, 2018, 09:20:36 pm »

Posted by: AGelbert
« on: March 22, 2018, 06:10:31 pm »

My sentiment has changed. I think Trump's little trade war might be the droids you've been looking for....

I admire a man who is willing to change his position based on objective observation. Good for you! 

Posted by: AGelbert
« on: March 22, 2018, 04:34:07 pm »

Posted by: AGelbert
« on: March 21, 2018, 06:51:57 pm »

Dean Baker - How Globalization Was Rigged For The Rich

Washington Watch

Published on Jan 17, 2018

Economist Dean Baker talked about his book Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer, in which he argues that government policies, not globalization or the natural workings of the free market, have led to the upward redistribution of wealth seen around the world over the past four decades.
Posted by: AGelbert
« on: March 16, 2018, 09:47:49 pm »

  March 15, 2018

Economic Benefits of Tax Cuts Should Have Arrived - Where Are They? 

Businesses have had plenty of time to take Trump's corporate tax cuts into account for their investment plans. However, as CEPR's Dean Baker reports, this has not happened. Instead, they 😈 spent their tax windfall on stock buybacks


Posted by: AGelbert
« on: March 16, 2018, 09:36:23 pm »

March 15, 2018

Senate 😈 Expands 'Lobbyist Bill' 👹 to Deregulate Real Estate

New measures added to the financial deregulation bill include the deregulation of commercial real estate, which threatens to re-create the conditions that led to the 2008 financial crisis, says Bill Black

Posted by: AGelbert
« on: March 16, 2018, 05:27:07 pm »

Economic Update: Capitalism   Breeds Inequality

Friday, March 16, 2018

By Richard D. Wolff, Truthout | 📢 Audio Segment

This week's episode discusses how globalization has worsened inequality and injustice, how Quebec's doctors are rejecting pay increases, the significance of the YMCA workers' strike in Chicago, and the growing Japanese co-op movement. This episode also includes an interview with single-payer activist Tim Faust on medical care and insurance in the US today.

Posted by: AGelbert
« on: March 15, 2018, 12:40:28 pm »

March 15, 2018

Trump's 🦀 Tariff Travesty Will Not Re-Industrialize the US

Trump's steel and aluminum tariffs will only make it more difficult for US producers that depend on these resources, while also initiating trade retaliation from trade partners says Michael Hudson

Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of many books, including The Bubble and Beyond, and Finance Capitalism and its Discontents, Killing the Host- How Financial Parasites and Debt Destroy the Global Economy, and most recently J is for Junk Economics: A Survivor's Guide to Economic Vocabulary in an Age of Deception.


Posted by: AGelbert
« on: March 12, 2018, 05:58:16 pm »

You can understand why William is not a favorite of the MSM and is considered on the fringe. If these kinds of thoughts and opinions are not ones you can even ponder, then reading further would be a waste of your valuable time.                                                         

Gold Oil Dollars Russia and China
By F. William Engdahl

http://www.williamengdahl.com/englishNEO13Sep2017.php  :icon_study: :icon_study: :icon_study:

I do believe that I have posted up articles by FWE before, and if RE says he has, I believe him. I know his name is known in this pissoir.

As you might imagine, I am real light on the Larouche nonsense and disagree as regards AGW. On the other hand, if his premise in the quote you posted is that the elites will use any crisis, including environmental, to enrich themselves and immiserate others, then I agree. Naomi Klein calls this, "disaster capitalism," as most recently seen in Puerto Rico.

IN terms of the subject of this article, the premise FWE lays out is a familiar one, and in this regard he sounds much like Pepe Escobar and his "New Silk Road" articles. RE disagrees, and thinks the Chinese are "toast," as seen in his recurrent meme. I think that China v. the West is the old story of the hare and the turtle. We measure results by the month and quarter; the Chinese are playing a long game, and making a series of smart moves from trade deals to construction to the above-mentioned oil bourse.

Meaning TPTB in the FSA will get their hats handed to them. That's the good news; the bad news is that you and I will be the ones to pay the bills via a reduced standard of living. If you consider that inevitable, then the logic of gold becomes a lot more apparent.

Unless you believe that the USG could declare gold ownership illegal, and come and take it. Naw, that couldn't happen here.

Posted by: AGelbert
« on: March 11, 2018, 03:59:36 pm »

Somewhat unintuitively, American corporations   today enjoy many of the same rights as American citizens. Both, for instance, are entitled to the freedom of speech and the freedom of religion. How exac…
Posted by: AGelbert
« on: March 11, 2018, 03:51:41 pm »

Even as Congress drops the ball on crucial issues like gun control and DACA, lawmakers 🐉🦕😈🦖🦀 plan to move forward this week with something virtually no one is demanding: bank deregulation. Republicans are …

Posted by: AGelbert
« on: March 09, 2018, 10:42:38 pm »

Economic Update: Winds 💨 of Economic Change

Friday, March 09, 2018

By Richard D. Wolff, Truthout | Audio 🔊 Segment

Posted by: AGelbert
« on: March 09, 2018, 09:38:27 pm »

Predatory Payday Lenders 👹 Are Loans You'll Never Be Able To Pay Back (Guest Mike Papantonio)

We all have times when we could use a loan but deregulation means that you could be paying it off for the rest of your life

Thom Hartmann Mar. 8, 2018 3:00 pm

Posted by: AGelbert
« on: March 09, 2018, 09:27:00 pm »

Income Inequality 🚩and Neoliberalism 🏴‍☠️  are Destroying 💣 Our Economy Richard Wolff

Income Inequality could be so dangerous it destroys the American Economy

Thom Hartmann Mar. 8, 2018 2:30 pm

Posted by: AGelbert
« on: March 09, 2018, 08:08:18 pm »

Agelbert NOTE: More evidence that the world economy is in a boom phase, far from even a hint of a collapse. 🕵️

World’s Largest Tandem-Lift Container Cranes Arrive at MedPort Tangier Terminal

March 5, 2018 by Mike Schuler

APM Terminals’ MedPort Tangier terminal in Morrocco is set to open in 2019. Photo: APM Terminals

APM Terminals’ MedPort Tangier terminal, located on the Strait of Gibraltar, has seen the arrival of three new giant container cranes capable of handling the largest vessels now plying the Asia/Europe trade lane.

The three cranes, weighing 2,500 tons apiece, represent the largest double trolley ship-to-shore (STS) cranes ever built, and are designed specifically to handle vessels carrying 22,000 twenty-foot containers or more. When boomed up, each crane has a height of 144m and an outreach of 72m with twin-lift/tandem capability. They are also cranes remotely-operated, making for fast, safe and efficient loading and unloading services particularly suited for larger ships, according to APM Terminals.

The MedPort Tangier terminal, which is set to open in 2019m is strategically located on the Strait of Gibraltar, one of the world’s busiest and most important shipping lanes with more than 60,000 vessels passing through it each year.

Photo: APM Terminals

According to APM Terminals, the terminal operating unit of Danish conglomerate Maersk, the high-tech terminal will serve as a trans-shipment hub for Maersk Line vessels and its alliance partners and help improve global supply chain performance by attracting more vessel calls and creating more routing options.

Keith Svendsen, Chief Operating Officer of APM Terminals said, “Maersk Line commissioned APM Terminals to build and operate APM Terminals MedPort Tangier so we are designing it around the customer by integrating operational excellence, the most modern cargo handling equipment and an ideal location for connecting global supply chains. This creates the necessary port capacity for the future. Equally important, this port creates another wave of future investment momentum in Morocco as a business and trade center.”

“These cranes use digital technology to ensure the most efficiency during their movements. This will help us to deliver increased productivity throughout the process from lifting a container box off the ship, until it is delivered to its stack in the yard, and vice-versa,” added Dennis Olesen, Managing Director, APM Terminals MedPort Tangier.

A video of the cranes’ arrival at Medport Tangier is below:


How does Tandemlift work? Machineroom + Cabin view how these Massive cranes lift up to 130TON!

Container World

Published on Sep 17, 2017

Look how Belgium, England and South Africa do their tandem lifts! We received great footage of a working machineroom of a STS Tandem crane in the Port of Antwerp on the PSA terminal. I made this compilation to give you a better view inside and outside the Tandem STS Cranes! The maximum lifting capacity of the cranes in Belgium is 130ton in the cables and up to 100ton under the spreader.
Please give it a like and comment to help this channel up!

Posted by: AGelbert
« on: March 07, 2018, 11:26:36 pm »

Former Congressman David Stockman Warns 🚩 Of Unimaginable Economic Catastrophe😱

Former Congressman David Stockman warns that there will be an economic disaster.

Thom Hartmann Mar. 6, 2018 3:00 pm
Posted by: AGelbert
« on: March 07, 2018, 10:29:44 pm »

March 6, 2018

Financial Deregulation 😈 💵 🎩 Bill 'Guts' Dodd-Frank

Republican Senators - with 12 Democratic co-sponsors - are pushing through a financial deregulation bill that with dismantle the post-financial crisis Dodd-Frank regulations, in the name of helping community banks. But this is just a pretext, says former financial regulator 🕵️ Bill Black

Posted by: AGelbert
« on: March 07, 2018, 10:03:04 pm »

Agelbert NOTE: This is more evidence of a boom in world economic activity. In the light of this evidence, it is ridiculous to claim a collapse is anywhere on the horizon.

🔊  Expanded Panama Canal Marks 3,000 Vessel Crossings

March 6, 2018 by gCaptain

The MSC Caterina becomes the 3,000th vessel to transit through the Expanded Panama Canal, March 2, 2018. Photo: Panama Canal Authority

More than 3,000 vessels have now transited the Expanded Panama Canal less than two years since the new locks opened for business, the Panama Canal Authority (ACP) has announced.

The containership MSC Caterina marked the 3,000 vessel milestone during a northbound passage from the Pacific to the Atlantic Ocean last Friday. The Panamanian-flagged vessel measures 300 feet in length, 48 meters in beam, and has a total capacity of 9,000 twenty-foot containers (TEU). It was one of nine so-called Neopanamax vessels to transit through the new locks that day.

Since its opening on June 26, 2016, the Expanded Panama Canal has exceeded initial traffic expectations impacting global trade from container shipping to LNG to tankers. According to the ACP, of those first 3,000 vessels, roughly 53 percent have been from the container segment. Liquefied petroleum gas (LPG) vessels constitute another 28 percent, and liquified natural gas (LNG) carriers 💣, an entirely new segment for the Panama Canal, count for 10 percent of traffic.

Dry and liquid bulk carriers, car carriers and cruise ships make up the remaining transits.

Today’s milestone, achieved in less than two years of operation, serves as a proud reminder of the confidence that our customers and the broader maritime industry have placed in our route,” said Canal Administrator, Jorge Luis Quijano.

Previously, the MSC Anzu became the 1000th transit on March 19, 2017, and the COSCO Yantian registered the 2,000th transit on September 26, 2017. Other notable transits can seen an our earlier post, 1,000 Vessels Throuh the Expanded Panama Canal.


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