‘Narratives’ Are Not ‘Truths’ – 07.31.17

 

  • The polity is a social organism, of course, meaning that it adds up to more than the sum of its parts, a body of politics, if you will, just as each of us adds up to more than just our bodies. It’s alive as we are alive. We have needs. We have intentions in the service of those needs. Those intentions animate us and turn us in one direction or another to stay alive, and even more than that, to thrive.
  •  The American polity is not thriving. It has been incrementally failing to meet its needs for quite a while now, playing games with itself to pretend that it is okay while its institutional organs and economic operations decay. It turns this way and that way ever more desperately, over-steering like a drunk on the highway. It is drunk on the untruths it tells itself in the service of playing games to avoid meeting its real needs. Narratives are not truths.

Read more at:  ‘Narratives’ Are Not ‘Truths’

Source: kunstler.com…

It’s Your Money But You Can’t Have It: EU Proposes Account Freezes To Halt Bank Runs – 07.30.17

 

  • If there is a run on the bank, any bank in the EU, you better be among the first to get your money out.
  • Although it’s your money, the EU wants to Freeze Accounts to Prevent Runs at Failing Banks.
  • European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed.
  •  The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble.
  • The proposal, which has been in the works since the beginning of this year, comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender.

Read more at:It’s Your Money But You Can’t Have It: EU Proposes Account Freezes To Halt Bank Runs

Source: mishtalk.com…

Mark Hanson Reveals “The Next Housing Bubble” – 07.27.17

 

  • The striking Case-Shiller regional charts shown below, courtesy of MHanson.com, make Mark Hanson angry: “so, 2006/2007 was the largest house price bubble ever, but there is nothing to see here in 2017?” and sarcastically points out that “if this isn’t a house price bubble, I would hate to see one.”
  • His bottom line:
  •  If 2006/07 was the peak of the largest housing bubble in history with affordability never better vis a’ vis exotic loans; easy availability of credit; unemployment in the 4%’s; the total workforce at record highs; and growing wages, then what do you call “now” with house prices at or above 2006 levels; worse affordability; tighter credit; higher unemployment; a weakening total workforce; and shrinking wages? Whatever you call it, it’s a greater thing than the Bubble 1.0 peak.

Read more at:Mark Hanson Reveals “The Next Housing Bubble”

Source: zerohedge.com…

Total Government And Personal Debt In The U.S. Has Hit 41 Trillion Dollars ($329,961.34 Per Household) – 07.26.17

 

  • We are living in the greatest debt bubble in the history of the world.  In 1980, total government and personal debt in the United States was just over the 3 trillion dollar mark, but today it has surpassed 41 trillion dollars.  That means that it has increased by almost 14 times since Ronald Reagan was first elected president.
  • I am searching for words to describe how completely and utterly insane this is, but I am coming up empty.  We are slowly but surely committing national suicide, and yet most Americans don’t even understand what is happening.
  • According to 720 Global, total government debt plus total personal debt in the United States was just over 3 trillion dollars in 1980.  That broke down to $38,552 per household, and that figure represented 79 percent of median household income at the time.

Read more at:Total Government And Personal Debt In The U.S. Has Hit 41 Trillion Dollars ($329,961.34 Per Household)

Source: theeconomiccollapseblog.com…

There Is Only One Empire: Finance – 07.24.17

  • Any nation-state that meets these four requirements is fully exposed to a global loss of faith in its economy, debt, balance of payments and currency.
  • There’s an entire sub-industry in journalism devoted to the idea that China is poised to replace the U.S. as the “global empire” / hegemon. This notion of global empire being something like a baton that gets passed from nation-state to nation-state is seriously misleading, in my view, for this reason:
  • There is only one global empire: finance. China and the U.S. both exist within the Empire of Finance. Virtually every mercantile nation with access to global markets lives, works and thrives/dies within the Empire of Finance. Every nation that allows capital to flow into its economy is subservient to the Empire of Finance. Every nation with capital and debt markets exposed to (or dependent on) global financial flows is just another fiefdom in the Empire of Finance.

Read more at:There Is Only One Empire: Finance

Source: charleshughsmith.blogspot.com…

A Mystery Investor Has Made A 262 Million Dollar Bet That The Stock Market Will Crash By October- 07.24.17

 

  • One mystery trader has made an extremely large bet that the stock market is going to crash by October, and if he is right he could potentially make up to 262 million dollars on the deal.  Fortunes were made and lost during the great financial crisis of 2008, and the same thing will happen again the next time we see a major stock market crash.  But will that stock market crash take place before 2017 is over?
  •  Without a doubt, we are in the midst of one of the largest stock market bubbles in U.S. history, and many prominent investors are loudly warning of an imminent stock market collapse.  It doesn’t take a genius to see that this stock market bubble is going to end very badly just like all of the other stock market bubbles throughout history have, but if you could know the precise timing that it will end you could set yourself up financially for the rest of your life.

Read more at:A Mystery Investor Has Made A 262 Million Dollar Bet That The Stock Market Will Crash By October

Source: theeconomiccollapseblog.com…

Paul Craig Roberts Rages At “The Reign Of Propaganda” – 07.23.17

 

  • If truth has a chance it is in a different country than America…
  • Masters of propaganda from its inventor, Jewish public relations expert Edward Louis James Bernays, to the Nazi Minister of Propaganda Paul Joseph Goebbels, agree that a lie can be turned into truth by constant repetition.
  • The more pure the lie, the more complete the success in turning it into The Truth. Lies partly based in fact or half-truths open themselves to factual challenge. For a propagandist the best lie is a lie unfettered by even a distant relationship to truth. Such a lie can be turned into such self-evident truth that no evidence is necessary. As Nikki Haley and Hillary Clinton put it: “Evidence! We don’t need any stinking evidence. We know Russia hacked our election!

Read more at:Paul Craig Roberts Rages At “The Reign Of Propaganda”

Source: paulcraigroberts.org…