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ublished their decade ahead forecast and topping the list is their forecast that russia will collapse and that the us military will have to go in and decommission all their nukes you can read about it here of course an american initiated invasion of russia and it is not conceivable that russia with or without putin is going to invite the us military in to take away their nukes is not about making the world safer it is about controlling russia s vast natural resources especially of energy it is not likely that china would welcome such a move either no matter how much they might like to see russia weakened the psychopaths running the usa inside the washington beltway have a war in your future if they have their way a war that benefits halliburton et al but not you you can count on a republican president to go along with the plan but hillary yep wall street and the defense industry are her two biggest donors remember the words of madelein albright democratic secretary of state who when asked how she felt about five hundred thousand civilian deaths in iraq replied it was worth it for what madame secretary the deep state has told you what they plan preemptive war against russia is that something you want no comments email this blogthis share to x share to facebook share to pinterest labels cia deep state putin russia stratfor war wednesday june 4 2014 on r g here s what drives me up the wall about academic economists and economists in general when we absolute know and there is no credible disagreement about this that wealth inequality has increased to gilded age levels economists even progressive economists like jamie galbraith and yves smith quibble that it isn t because r g or some other such blather about cambridge capital controversies rather than looking at the facts staring them in the face the actual causes of the acceleration of wealth inequality our carry traded capital markets and our winner take all compensation of chief executives which extends to all who get bonuses based on stock price a small fraction of employees but as the saying goes you could put all the economists on the planet in a line and they would never reah a conclusion meanwhile the march toward either a security state neofeudalism or b social and economic collapse that ushers in some form direct democracy choose no comments email this blogthis share to x share to facebook share to pinterest labels piketty sunday may 18 2014 financial imperialism in the ukraine michael hudson s masterful exposition of the forces of financial imperialism at play in the ukraine from both sides came out a couple of days ago but if you haven t read it it s owrth the long read as it covers the neocon neoliberal great game strategy in historical context via nakedcapitalism com michael hudson the new cold war s ukraine gambit no comments email this blogthis share to x share to facebook share to pinterest labels capitalism crony capitalism debt fascism fed imf income distribution inequality kleptocracy russia ukraine wall street saturday may 17 2014 waiting for that nixon in china moment the us strategy toward russia and the ukraine is following the neocon playbook contain russia prevent the pan asian trade zone from happening at one time i believe we fought another illegal war in vietnam to contain china a vast country on the brink of abandoning old style communism well before the soviet union fell nixon went to china in 1972 before the fall of saigon deng beat out mao s chosen successor in the late seventies and started liberalizing the economy in about 1980 just as the us was abandoning capitalism for right wing plutocracy subsequently trade with china helped the diminishing american middle class via inexpensive imports even as it aided its diminishment by taking some of its jobs wouldn t it be nice if instead of vilifying gorbachev putin could take gorbachev s advice and permit democracy to flourish and if obama could see that russia like china is a huge market with little sovereign debt that we are going to lose but we seem to be on the downside of a long wave in a time when confidence fails everywhere a time as martin armstrong points out in which governments almost everywhere exist in a state of sclerotic corruption and codependency with the international plutocracy that seems ultimately to serve only the families of the plutocrats may the meek inherit the earth on the other side of this and meanwhile pity the poor broke ukrainians caught between two mad plutocracies who want the black ukrainian soil but not their debts and who are trying to figure out if a war might give them clear title no comments email this blogthis share to x share to facebook share to pinterest labels china plutocracy russia when will rates rise reprise bernanke shocker no rate normalization during my lifetime zero hedge as i pointed out recently in interest rate reality check i agree that it will be quite a while until rates normalize the analytical criterion is of course when the ratio of monetary base to gdp returns to longer term averages which would require the ratio to drop to about 25 percent of its current level of 0 22 one way for this to happen would be for the fed to charge off all the bad debt it is hiding for the banking system and to stop paying them interest on fictitious reserves i don t know how bad the debt in the monetary base is no one does even within the fed apparently but this absent a huge increase in gdp growth is what would have to happen and as base has been growing at 20 percent annual rates and gdp at well you know john hussman deserves credit for saying that it is the illusion of solvency created by fas 157 that has sustained the stock market recovery will the western banks do this not a chance the fed and ecb seem determined to kill their economies and start another world war another indication that the big tiger may leapfrog us is jim rogers assertion that the pboc is actually requiring banks to charge off bad debts a sharp contraction followed by really robust growth after a couple of years would be the implied forecast even barry ritholtz is questioning whether fas 157 should remain in place but it won t matter if the fed keeps buying up and hiding all the bad debt will it thanks alan thanks ben martin armstrong says his sources in the big banks i e goldman et al the hedge funds stealing money from the american people via the discount window and fed largesse in general tell him the fed is saying they re only going to bail out depositors next time which is exactly what i said they should have done last time which would have let the system clear and avoided a hell of a lot of moral hazard and to get their trading risk models tuned accordingly we shall see i hope janet is up to the task no comments email this blogthis share to x share to facebook share to pinterest labels fed modern monetary theory mortgages tuesday may 13 2014 why i m probably on a watch list from the guardian reporting on glenn greenwald s new book one document from the snowden files dated 3 october 2012 chillingly underscores the point it revealed that the agency has been monitoring the online activities of individuals it believes express radical ideas and who have a radicalising influence on others the memo discusses six individuals in particular all muslims though it stresses that they are merely exemplars the nsa explicitly states that none of the targeted individuals is a member of a terrorist organisation or involved in any terror plots instead their crime is the views they express which are deemed radical a term that warrants pervasive surveillance and destructive campaigns to exploit vulnerabilities among the information collected about the individuals at least one of whom is a us person are details of their online sex activities and online promiscuity the porn sites they visit and surreptitious sex chats with women who are not their wives the agency discusses ways to exploit this information to destroy their reputations and credibility all of the evidence highlights the implicit bargain that is offered to citizens pose no challenge and you have nothing to worry about mind your own business and support or at least tolerate what we do and you ll be fine put differently you must refrain from provoking the authority that wields surveillance powers if you wish to be deemed free of wrongdoing this is a deal that invites passivity obedience and conformity the safest course the way to ensure being left alone is to remain quiet unthreatening and compliant are you going to remain quiet because you are afraid of being put on a watch list you are part of the problem reform will require an expansion of consciousness to the point where people can begin actually think about things as deeply troubling as whether building 7 which wasn t hit by anything at the world trade center didn t collapse because of the little fire on the third floor but was professionally demolished it is frightening to contemplate what our government has become follow your conscience first they came for the socialists and i did not speak out because i was not a socialist then they came for the trade unionists and i did not speak out because i was not a trade unionist then they came for the jews and i did not speak out because i was not a jew then they came for me and there was no one left to speak for me pastor martin niemöller 1 comment email this blogthis share to x share to facebook share to pinterest labels f fascism fear free speech saturday may 10 2014 the government bad meme it s so easy to say that government is bad government is worthless all government does is accumulate debt that it will never pay off martin armstrong an entertaining writer is chiding the pope for saying that some redistribution of the world s ever more concentrated wealth to the poor is called for armstrong says even god is not on the pope s side citing the commandment not to covet thy neighbor s wealth this is a biased use of citation to say the least it takes a rare strain of delusion to think that government is going away in this world the libertarians are de facto shills for the status quo no matter how much they say they d like to tear it all down we still seem to be heading toward total dysfunctionality no comments email this blogthis share to x share to facebook share to pinterest labels government libertarian older posts home subscribe to posts atom blogs i read regularly cryptogon com iran attacked a cargo ship u s attacked iran via the war zone after the u s airstrikes iran reiterated that it will continue to hold at risk shipping in the strait that does not follow its rules f 11 hours ago fabius maximus the deep state strikes back biden is out kamala is in democracy and laws be damned biden through saturday night was insisting he would stay in the presidential race to the end su 1 year ago global guerrillas the long night is coming written by an anonymous friend who also 7 years ago homepage of j orlin grabbe hussman funds investing for long term returns while managing risk home page jesse s café américain stocks and precious metals charts the great american swindle 23 hours ago mish s global economic trend analysis goodbye blogger hello wordpress mish s globaleconomicanalysis has moved to mishtalk com it s been a long run but i am leaving google blogger for a new home on wordpress please bookmark my new site http mishtalk com why leave my needs 10 years ago naked capitalism links 5 7 2022 4 years ago the big picture 10 weekend reads the weekend is here pour yourself a mug of danish blend coffee grab a seat outside and get ready for our longer form weekend reads pixar s 6 billi 10 hours ago the economic collapse traffic through the strait of hormuz is not going to return to normal and that has enormous implications for the whole world the iranians have never wavered from their position that they intend to control traffic through the strait of hormuz permanently they just underscored t 2 days ago washingtons blog we ve moved if you re reading this it means you ve been following the http georgewashington2 blogspot com address we switched over to wordpress and from now on 14 years ago zero hedge hannity promises to expose cnn nbc news in epicfail tick tock in a mysterious tweet yesterday evening to his 3 19 million followers fox news sean hannity offered a preview of what is to come from 8 years ago welcome carpe diem woof i always wanted to be an economist but i am only a dog the phone number of the u s congress is 202 224 3121 call your representatives and bark at them congress org is also a great way to sound off arf nothing on this site should be construed as investment advice you invest at your own risk why not donate a million subscribe to the animal spirits page posts atom posts all comments atom all comments blog archive 2015 1 december 1 neocons dream of war with russia 2014 36 june 1 may 6 april 7 march 15 february 1 january 6 2013 44 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