Wake-Up Call - 10/14/11

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The Excruciating Decline Of America

Cities are dying, the tax base is diminishing, jobs are disappearing at a record rate, the infrastructure is crumbling, manufacture continues to disappear even after 30 years. To say there is no hope is an understatement. The statistics tell the story. Anecdotal information about overwhelming regulatory hurdles to running a small business. More info on Occupy Wall Street activities. More information pertaining to the greater gravity of the current depression as compared with that of the 1930s. The underlying technological growth to be found in the famed innovations of the 1930s (e.g. television, air conditioning, road-building, refrigerators and washing machines, etc.) is nonexistent today. All we have is “zombies industries” (finance, military, health care, etc.) which produce nothing of lasting importance.

Wake-Up Call - 10/10/11

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Engines Of Displeasure Are Firing Up

We are in a struggle for survival with and against forces we are trying to understand. We are pitted against the establishment in all its forms. We are at an economic turning point. We will realize that we do not need a central bank (Federal Reserve) or any national debt. Indeed, there is no way national income can ever service the national debt. The math simply does not allow it. The Occupy! demonstrators are asking questions, not making demands – yet. America needs to break free from the two-party system. A word about “mark-to-market” and “market-to make-believe” and why the difference is important to understand. Just-released statistics show that the US never came out of recession at all.

Wake-Up Call - 10/07/11

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The End Of Freedom In America

Paul Craig Roberts (former Assistant Secretary of the US Treasury) talks about how Obama, following in the steps of G.W. Bush, has hijacked the Constitution, arrogating to himself the power to kill Americans anywhere at any time. And the people approve! The “War Against Terror” has, as I have frequently predicted, terrorized and intimidated the people into blind acquiescence. Americans are now powerless to defend themselves against the government. Roberts’s advice: LEAVE THE COUNTRY. The inability of the Occupy Wall Street protestors to understand the issues. More economic figures indicating the ongoing descent into depression.

Wake-Up Call - 10/03/11

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Kurt Richebächer, Economist Exraordinaire

My mentor and he from whom I learned 90% of what I know about economics today. A truly remarkable man. I was very lucky to come across Richebächer just when I needed him. Of course I had to “unlearn” much of what I had acquired hitherto. An analysis of his prescient writings from the 90s and early 2000s.  Ways in which the government is closing in on your freedom with the unswerving support of the media. Many examples of how the state is encroaching on your liberty. Pessimism is growing at all levels. Why isn’t the unemployment situation receiving more attention? All official energy is focused on protecting the special interests. The consequences of consumers failing to consume.

Wake-Up Call - 09/30/11

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The severity of the current depression already exceeds that of the 1930s

A comparison of the two periods. The current debt is the killer. There was no debt in the 1930s. Many other metrics point to an economic nightmare ahead unrivalled at any reference point in history. The consequences of future existence in the United States will be very grim. The ongoing ‘Occupy Wall Street’ demonstrations in lower Manhattan: a critique. An explanation of fiat money. How national debt is constituted and how it affects the economy. More international economic turmoil. The fate of the typical American family since the mid-60s…

Wake-Up Call - 09/26/11

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Derivatives: The Monster In Our Midst 

A short history of the background to the crisis. The gradual financialization of the economy from the early 1980s. The point-of-no-return has long since been passed. Economic and financial Armageddon are assured. The danger of commercial money-market funds. The horrific risk to the four top banks in the U.S. along with their $250 trillion gross notional derivative exposure. These terrible contracts will be the downfall of the system. The decline in manufacturing: contributing factors.

Wake-Up Call - 09/23/11

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The Reckoning Is Upon Us

What has caused the 21^st century depression? What went wrong? Why did a model which produced the most successful economy ever created go so horribly awry? Why are people so complacent? Why have living standards eroded so catastrophically? How much further will the decline go? What is the solution? Warning: do not expect optimistic revelations… More on how the debt problem was enabled. A comparison between the causality of the Great Depression and today’s depression (yet to be named – any suggestions?) The background to this one is much more extreme than that of the 1930s. Beware of the pundits. They are not your friends.

Wake-Up Call - 09/19/11

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The Awful Consequences Of Stupidity

How could they have devised such an insane combination of disparate cultures and traditions as the European Union? Were they so desperate to avoid yet more of the traditional murderous conflict between the peoples of Europe that they were prepared to go to any lengths, however absurd, to bind all those nations together? They are, tragically, about to create conditions for yet more conflict. The nightmare continues. Beauty – and how it plays out in the commercial world. A harrowing story of abuse and harassment experienced by a small business owner. My position on healthcare in the United States.

Wake-Up Call - 09/16/11

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The Heartrending Anguish Of The Victims

The iniquitous activities of the Federal Reserve. Now throwing trillions at Europe! Yes, your money. No accountability. Communists would be proud… A sad story about foreclosures from a real estate rep whose job entails visiting the houses of those soon-to-be-evicted. Bernanke’s folly. His ignorance and stupidity at the fore. Treatment of children in the U.K. is no better than that of their U.S. counterparts. These are the adults of the future! Remember not to emigrate to the U.K.

Wake-Up Call - 09/12/11

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The Tragic Failure Of the European Experiment

Greece is in its final throes. An account of the terrible consequences of default. The unthinkable is about to happen. A quick tour of how other European countries will fare. The financial consequences. Emigrating: work/employment passes versus permanent residence. Some ideas about where to go. How to gauge the ongoing fortunes of an economy. GDP is not much use. Sub-prime auto loans back with a vengeance. Has nobody learned anything from the last few years? The snare of the ubiquitous student loans, growing by leaps and bounds. How will future generations spend into the economy when they are hamstrung by all these loans?

Wake-Up Call - 09/09/11

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The Storm Clouds Are Gathering Inexorably

Europe approaching calamity. Money is fleeing the continent through a slow-motion bank run. The eurozone is imploding. The First 9/11 – dated September, 1973. Multiply by 25 to yield per capita equivalents to 9/11/01. Listen to the archive to find out what happened! We must all adjust our social thinking to comport with the new economic horrors we have to deal with. This will frequently require a profound attitude adjustment. The outrages perpetrated on children in 2011 America. These are the nation’s future adults! Where’s the outrage directed at Cheney as he does his tours for his new book? Chinese MBA students refused tourist visas for the U.S., no reason given. Blind harassment indiscriminately directed at innocent American citizens, often in error, always with extreme violence, usually with no coherent explanation. America is becoming a very dangerous place. The iniquitous Goldman Sachs at work again, issuing secret reports to its favoured customers. No lessons learned from 2008, it seems.

Wake-Up Call - 09/02/11

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Sinking Like A Stone

The economy is being ignored. Lies and fairy tales are the order of the day. GDP decreases every single quarter since 2009 and still they talk about recovery! People need to find sources they trust and stick with them. More on the criminality of the Fed. The future of the European Union. Suggestions for increasing employment, some easier to digest than others. America has to decide on the tradeoffs for increased employment. They will not always be pleasant. (They do not necessarily include California’s new law requiring parents to pay babysitters minimum wage, overtime and a break every two hours… madness run amok…)

Wake-Up Call - 08/29/11

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Europe: The Unthinkable Is At Hand

We have not learned from the 2008 crisis. They still want to bail out zombie institutions and throw yet more debt at the problem, promising everything to everyone. The 2008 ‘solution’ has produced no job growth, no income growth, only an illusion of prosperity created by inflating asset prices. Protectionism is around the corner. The current situation is far worse than that which preceded the great depression. A discussion of what we knew before the Fed was forced to divulge its secret bailout of the country’s big banks vis-à-vis what we now know as a result of the new revelations. Conclusion: the Fed is entirely and utterly corrupt and its officers should be prosecuted and imprisoned. I talk about the Icelandic experience and how it should be a model for the world to follow. Its success is precisely why the mainstream media never discuss it. The current reckless behavior is condoned by Washington. Stephen Roach’s comments. Five rules to follow when buying a house, by Mike Shedlock.

Wake-Up Call - 08/26/11

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European Edition

The global meltdown approaches. Debts of the PIIGS countries are about to overwhelm them. Pouring money into these countries will not help. Wall Street aided and abetted the entire insolvency situation worldwide. European national default is certain and will have catastrophic consequences. The entire world will be affected. This is much worse than the Lehman Bros. crisis of 2008. Debt issues are arising everywhere. US banks are in dire straits with untenable balance sheets, overleveraged exposure and declining asset values along with supremely incompetent management. ‘Peak oil’ a sham. Plenty of oil exists and major discoveries are taking place all over the world using new-and-improved technology. Other energy sources are simply not economic right now. Even my trusty solar calculator which I bought in the US years ago doesn’t work in Singapore because I work at night!  Singapore has presidential elections tomorrow. How presidents are elected here. Wal-Mart’s success. Should they be in charge of the government?

Wake-Up Call - 08/22/11

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Assorted Ugliness About Players In the Grand Scheme Of Decline

The horror of retirees without enough money to live on. How the system will unravel, leaving them penniless. Bill Still on the scandal of the Fed’s secret movement of massive amounts of money to US and foreign banks. The conundrum of Warren Buffett, America’s most lovable billionaire. A genius or just lucky? The scandal of the corrupt ratings agencies as promulgated by William J. Harrington, a former senior analyst at Moody’s. More and more people are now noting that the economic background to the unleashing of the new depression is orders of magnitude grimmer than that which preceded the 1930s downturn. The ‘double-dip’ which never was.

Wake-Up Call - 08/19/11

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The Long, Ugly, Painful Slide Begins

The ultimate and absolute economic ruin starts to eat its way into our lives. America still clings to the ‘can-do’, we-are-all-powerful fantasy. ‘Banana Republic’ more accurately describes reality. Americans are not equipped to handle hard times. ‘The Greatest Nation On Earth’ is about to get a massive wake-up call but Americans are too dumbed-down to realize what’s happening. Consumer confidence the worst since 1980. Companies not hiring. The horror of flash mobs is growing all over the nation. The Philadelphia Fed Business Survey collapsed from +3.2 in July to -30.7 in August. Demand for manufactured goods in total decline. Why the loss of AAA status for the U.S.A. is a big deal. Payback time for S&P’s downgrade of the US from AAA to AA+. The SEC destroying evidence, according to the allegations of a whistleblower. Did they destroy documents? Being President of the United States is an easy job. 1 child in 5 is living in poverty in the U.S. 43 per cent of children live in low-income families. Dog thefts up 32 percent this year. The absurdity of government subsidies for ethanol.

Wake-Up Call - 08/15/11

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Social Unrest Drawing Inexorably Closer

What the U.K. riots tell us about the likelihood of serious rioting in America. The plight of young people in the U.S. is not encouraging. Overwhelming joblessness. Sales of safes and security systems are soaring, a premonition of what is to come. They really don’t care about you. Brace for the massive collapse ahead. Why monetary stimulus won’t work. A discussion of three different monetary systems. Years to go before the housing market hits bottom. Kotlikoff puts the U.S.’s true indebtedness – the fiscal gap – at $211 trillion. China floats its first aircraft carrier. Stephen Glain believes the U.S. will provoke China into war. A huge arms race is already underway.

Wake-Up Call - 08/12/11

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Spontaneous Rioting And Civil Disorder

What the UK riots have shown is that sudden, spontaneous rioting and civil unrest can explode out of nowhere and with no warning. Description of recent events in the UK. Background to the riots, the social order in the UK, the degeneration of the British working class, virtual acceptance of certain kinds of crime in Britain, a quasi-leaderless society in full decomposition. The consequences of Europe unable to pay its debts.  The lie about U.S. record corporate profits exposed. Short-selling restrictions in Europe not affecting the U.S. Americans becoming more and more unhappy with the economic decline. Keynesianism and liquidity traps explained in depth. Lack of credibility. Failure of QE2 to work at any level. Why “stimulus” failed. Keynesian solutions never work.

Wake-Up Call - 08/08/11

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Countdown To Catastrophe

America is committing suicide. The budget deficit has skyrocketed beyond all reason. The numbers transcend the possible: they are inconceivable. The military budget is the worst offender. The government wonks like to think they are creating their own reality. Washington is utterly oblivious to the crisis. Their actions are self-destructive. It is the death wish syndrome. The Federal Reserve leveraged at 55-1. Why businesses are reluctant to hire. Why governments are frantically trying to prop up bad debt with public funds and protecting bondholders. Ex-FDIC’s Bair’s comments. Debt and productivity extrapolated out to the future. Storing value of labor for future production. Money is not a store of value; it is a proxy for labor and replaces barter. China’s reaction to the S&P debt downgrade. The massive stimulus over ten years has produced absolutely nothing except debt! The USA has not produced a trade surplus since 1974. The advantages of gold convertibility and what happened when it stopped.

Wake-Up Call - 08/05/11

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The Melt-Down Has Begun

Comments on the 512-point loss in the Dow Jones Industrial Average yesterday. Comments on the passage of the debt ceiling raise. No problems have been solved, just more debt added. “Cuts” are not cuts. Cheating  and lying in the process are alive and well. The national debt continues totally out of control. The new ‘Super Congress’ removes power from Congress. Gerald Celente’s take from his new ‘Trends Journal’ summer edition. Update on the European financial crisis. Insolvency U.S.A. The horrors of the new crowd control techniques ready to be deployed among the general population in the U.S.