INTERESTING RATES 2
Truth Never Told over at YouTube had an as usual interesting video on interest rates:
As good as their content usually is, I don’t know if I really agree with the basic premise of the interest rates being political. Or that somehow raising them is dangerous now but not for the last three years. I mean, really? Supposedly the rates were low to benefit the Obammy administration? The central banks own the President. There is even rumors of the Trump bailout in the 90’s being funded by your good tinfoil hat wearing buddies the Rothschild’s.
Or that the central bankers profit while there is Blood In The Streets. Granted, bankers do actually profit off of war and death, as do empires, and the banks can in fact profit off of the coming collapse, true. But only up to a certain point, at which time their five century long profit paradigm collapses along with the global economy. You know, that Growth Uber Alles paradigm. Growth is already over and done, leaving contraction despite the cheerleading headlines a complicate media lapdog industry reports. If the bankers suffer from lack of growth ( as does the government-check out the fiscal health of your nearby pension fund ), is this a profit move or a desperate survival bid?
As our central bank began raising interest rates three years ago, you might have noticed foreign entities are starting to go tits up. Places like Venezuela and Argentina and such. Interest rates are far from the only reason there is economic contraction. There are bigger issues such as freefalling energy BTU’s, drops in commodities to China, a global triage of energy, overcapacity and mass unemployment and etcetera. But on top of all that, jacking up the loan interest rates to foreign nations does them no favors.
It is our central bank ( as if it is “ours” as they are sovereign. Just shorthand for its nominal physical location ) administering a coup de grace. A further triage in a shrinking energy environment. But screw those fuzzy foreigners, you justly cry out in shock and anger that I would actually care about their carcasses bouncing out the back end of the speeding bus. True. How is this going to effect US as in the U.S.? Well, the end game is easy to see. Economic collapse. Because every single cheese dingus out there is so over indebted that once interest rates get too high, no one can take out more loans.
Yet getting new loans to pay off the old loan payments ( just loans for the interest costs, not even the principle ) is how a great many of our businesses have already stayed afloat. Back when interest rates were lower. How are they supposed to keep getting new loans? I don’t worry about the fracking industry. I’ve thought the whole time they were subsidized. The spice must flow, regardless. If the companies can’t take out new loans the bankers will create more stock and purchase it, or however that scam works.
Here is my worry. The banks are desperate, and by my Best Educated Guess it is because their overleveraged derivatives bets are already unravelling. So they jacked up interest rates to squeeze every entity they could. The ones they don’t care about, such as the Argentina government or the Illinois State government. But everyone suffers from the interest rate hikes after nearly a decade of essentially free money ( the second Kick The Can, after the propping up of the other western aligned central banks ).
The people running the company that employ you, for instance. Rut Row, Scooby. It isn’t just about the housing bubble popping this time. That industry is banker controlled and you won’t see that leading to the collapse next time. It will probably be from Sovereign Debt collapse. Such as how Germany’s biggest bank is way overexposed to Greek debt. Right, keeping raising the interest payments and you’ll see the first failures of all those derivatives bets. Remember, it takes less than one half a percent of bets gone bad to bankrupt the company that holds that derivative.
This is not to say that the banks don’t paper over their loses with currency creation. They can and do. But you can’t paper over bankruptcy unless you can print money, and you can only create noninflationary money when you have excess energy backing the creation of said money. If there are enough companies defaulting on their derivatives bets, the central bank prints that over. But now the printing is becoming more inflationary. And you can’t keep printing forever because of a little problem called credit and trade. Everyone needs credit to facilitate trade. They won’t trade for worthless currency.
You’ll notice Russia and China bartering. This isn’t just to help defeat and crush the PetroDollar ( which is another factor in our economic mess, but there is no need to diverge here ). It is also insulating them from inflation that the western banking world is sharing in right now. When everyone trades for bills of lading, in effect accepting differed payment for 90 days, you need a sound credit system to make that work ( when the bakery gets flour on credit, it is paying back the flour with customer sales. That is everyone, globally ). Inflate too much and that trade breaks down.
So banks aren’t THAT free to inflate at whim and crush economies. They need most economies to remain functional to keep the economy lurching along. The fact that they ARE inflating too much and hence forcing whole countries out of the global economy means they are much more desperate than we think. It is triage for survival rather than just for profit. To me, interest rates rising means full blown panicky desperation on the parts of the bankers. I could be wrong, and as usual overthinking things. By all means, bet against my pessimism. I’m sure that will work out well for you long term.
( .Y. )
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This is the 3rd post in a row with no hookers and blow.ReplyDelete
I'm getting withdrawal symptoms.
hookers and blow
hookers and blow
gotta get me some
hookers and blow
See! That is the same problem with the bankers. They can't wait and withdrawals are a bitch. They rush to maximize profit :)Delete
Good analysis and breakdown of info for Minions. The interest rates are an attempt to clear balance sheets of the Q.E. It is also a leveraging (strong arm tactic) to force a roll over of debt, to extract actual payments in lieu of a defalt. There is a lot of such with consumer loans. The auto industry is doing it as a triage as well to move dead overpriced inventory. ("Trade up your vehicle, same payment or slightly more, get a new car") the sucker consumer is in a perpetual debt cycle for that necessity of a nice s.u.v. and mcmansions. It will be debt or financials that are the leading cause of collapse, over other yuppie survivalist doomer scenario fantasies. Thanxs Jim for throwing a bucket of ice water in my face and waking me up to these realities.ReplyDelete
If it involves blood pressure or stomach acid, nightmares or hair falling out, I'm your guy and you are welcome. Misery loves company :)Delete
You got close to what I was thinking. My main difference is that with banks starting to rent properties defaulted on instead of selling them,they are setting up a serfdom never seen before.ReplyDelete
As long as they can hide behind the curtain and pull the strings,they can and will crash the economy because in the end it is not about a dollar amount, but actual population control. All they have to do is change control of a prime motivator such as money to food and housing.
Unless this is more panic than plan, in which case they have lost control. I called Greenspan for the straight poop but he had his lawyer make some excuse how he couldn't return my lawyers call. I'm beginning to feel like Hilary, just now realizing she is the sucker in the poker game and she is no longer an insider.Delete
Followup on yesterdays comments...ReplyDelete
My research indicates the David-and-Goliath sling, with consistent size, weight, and proper ovoid-shaped projectiles, actually have better accuracy, range, and lethality than a stick bow.
Quotes from the referenced book...
"Because the aerodynamic qualities of a good stone are superior to those of an arrow, a good slinger can usually achieve greater range than a bowman. A good bowman with a 60 lb. bow and a one ounce flight arrow might achieve a range of 300 yards. Ancient records show that good slingers using special one ounce aerodynamic sling "bullets" have attained ranges in excess of 400 yards."
"A sling bullet is much more dense than an arrow, and its force on impact is that much greater. Consider the quote from a Spanish Conquistador in reference to Peruvian slingers: 'Their chief weapon is the sling. With it they throw a large stone with such force that it could kill a horse. Its effect is indeed only slightly less than that of [a Spanish firearm]; I have seen how a stone flung from a sling from over a distance of 30 paces broke in two a sword a man was holding.'"
"An arrow is subject to being diverted from its course by winds, but a sling bullet, once hurled, varies only slightly due to wind, precipitation, or other environmental factors. There are a great many written accounts which attest to the accuracy of the sling. One historical example of the sling's accuracy comes from the Roman historian Livy, who states that the Acheans 'would wound not merely the heads of their enemies, but any part of the face at which they might have aimed.'"
"Both the bow and the sling require practice to achieve accuracy, but for the time spent, one can become a deadly shot in no time with a sling compared to a bow. From my own studies, using the "Overhand Hurl," you should at least be able to hit a tree trunk at 50 yards after a couple hours of practice."
My own caution, if you try this, you need to practice in a "safe" area with no other potentially damageable targets within a 360 degree arc around you while you perfect the timing of your release.
From the best book of all time...
"From the cities on that day the sons of Benjamin were numbered, 26,000 men who draw the sword, besides the inhabitants of Gibeah who were numbered, 700 choice men. Out of all these people 700 choice men were left-handed; each one could sling a stone at a hair and not miss."
Practicing with a sling, needing that safe area when a novice, reminds me of how I'm at bowling.Delete
Followup from yesterdays comments...ReplyDelete
Since you like fine-tuning your firearms, have you considered polishing and re-working some of the angles on your 10/22 bolt to enhance reliability, especially when dirty? The portion of the bolt that is visible may be polished from the factory, but the rest of it isn't. After you shoot it and figure out where the wear patterns on the bolt are, they can all be polished out to reduce friction in the action, which is especially important when dirty. The lower rear of the bolt, which forces the hammer back, can also be recontoured and polished so that the bolt will more easily overpower the hammer spring during its rearward travel. If you're shooting high-velocity rounds like the Velocitor, none of this is necessary. If you're shooting standard velocity or subsonics, or high round counts between cleaning, this will help with reliability.
If you intend to upgrade any of the internals, my best recommendation would be...
Just about every other action upgrade is probably a waste of money.
You boys have fun-that subject is mostly goat entrails to me.Delete
The uzi submachine gun was an excellent example of engineering for adversity. Hebrews got that training anyway. All of the bolt and action parts have a form of "relief" milling-rounding off off all the edges and wear points. It is to diminish stress on the part minimizing shock and breakage. Allows slop or tolerances for fouling or environmental effects. Grunt friendly. Any one with a 1/4 moto tool and some coffee or beers can polish and enhance just about any gun with applied moderation.Delete
I love the Uzi. The Germans could learn a little something from the simplicity of the design. Hell, they came up with the VW, so what changed? Right, they stole the VW from a Czech ( I think ).Delete
Thanks for the info, and the link.Delete
Not immediately, but soon, I'll be an expert on everything 10/22. I am researching everything to do with that model, modifications, upgrades, etc. If I encounter any stunning revelations I'll post them here. Thanks again.
i started these articles scared and deep in debt. now i am almost terrified.ReplyDelete
i have faith in God, which sees me through the widowhood and other miseries. i cannot afford ulcers ,at least right now.
the truth is terrifying. probably why so many stare at tv all evening, hoping to avoid reality.
but 'the truth shall make you free' it is said, so you are freeing us from illusion.
i feel like a dinosaur watching the terrible volcanic explosions around me, just before extinction.
I have relative youth, relative discretionary income, a longer time frame preppping, an acknowledgement I'm close to the realistic historic life span end, and I'm getting terrified myself. :(Delete
God hates us, examples are abound. Just knuckle down, follow Bison teachings and his lead. In all reality just get to a close enough or good to go position and almost all minions will be fine in the end of it all. Consider what explorers or pioneers got through in the day, and lived to tell the tale. See you all on the other side!ReplyDelete
No, God hates all of you. I'm Baby Jesus's favorite, so God has to love me. Sucks to be ya'all. But I help you out where I can, to lesson the burden.Delete
The Banksters run the money-cycle for their benefit. When lending is easy, they pump up prices. When lending is hard, prices fall and refinancing leads to the lowest prices by default. Bankers lend to themselves and cronies to get the real assets cheaply. International finance is run with tides of Dollar financing, going out for the easy loan below local-money rates, then pulls back to make the payments (still in Dollars) triple or ten-times in the local currency. This makes REAL resource extraction cheaper and easier (or possible). Gold mines with 50 year leases, clothing manufacturing, municipal water supplies, toll road concessions, rights to operate a port for 99 years, and other outrages against people. Fractional Reserve Banking is evil. Banking is not evil: it's not bad to lend money, especially if it is your money, even at interest (usury laws should apply to not allow loans predicted to fail. Those are not loans, that is a risky partnership). pdxr13ReplyDelete
Yes, I could be reading way too much into it. It is all always just another varied form of scam. Until the day it isn't, obviously. So I worry about the exception. Before the Federal Reserve, a LOT of banks were state run ( for the local elite ), and they always over leveraged assets and killed things. Like lawyers, there will always be the odd Nice Banker. Mostly though, you can make a safe bet they are giant douche canoe asswhore Lucifer's Minions.Delete
Interest rates . . . turning your future into debt bondage for 5,000 years.ReplyDelete
Weapons Of Mass Destruction. Taxes. Religious prosecution. And Interest Rates. ALL the benefits of civilization and agriculture.Delete