— Max Fisher (@Max_Fisher) September 29, 2014
— Max Fisher (@Max_Fisher) September 29, 2014
America’s demographic situation is a ticking time bomb. The older generation is already competing more fiercely than ever with younger ones in the job market, as many seniors can’t afford to retire. Youth also has to contend with trends like automation, outsourcing, and high unemployment/underemployment, which further handicap their ability to build capital and, importantly, to afford all the assets (stocks, houses, etc) that the Boomers are counting on selling to them.
As you trudge your way through the cache of 47.5 hours of “secret” Goldman Sach/NYFed tapes and consider why Washington, D.C.’s Beltway persists as The circle… is unbroken… bye and bye… bye and bye. It may help to keep in mind that moving from overseeing nearly $2 trillion to less than a mere $200 billion does not qualify as “a better place awaiting.”
I was standing by the window
On one cold and cloudy day
When I saw the hearse come rolling
For to carry the Bond King away
What exactly did the official end of the Bill Gross Bond King era and the emergence of “familiar” allegations (WSJ yawn) that the United States is run by Goldman Sachs have to do with each other? Keep in mind who the customer was that was buying this bill of goods (cough PIMCO) the next time you look at your 401(k) report.
How much of the value of U.S. Treasuries is a proxy for the Too Big To Fail Banks and how much of the value of the S & P rise has been bolstered by float shrink (defloation)? Which U.S. attorney brokered deals from the Marc Rich pardon to the London Whale and coincidentally resigned simultaneously with “The King”?
We discuss the supermassive black hole of debt at the center of the UK economy from which nothing escapes: Wealth, jobs, hope are all sucked in and still the hole grows. In the second half, Max interviews Ben Dyson of PositiveMoney.org about the UK deficit and mounting debt and about the monetary ignorance of most Members of Parliament.
This new article from Chris Martenson pulls the lens back and looking at the macro forces across the Three E’s (Economy, Energy & the Environment) that are bringing the era of status quo to an end, whether we are ready for it or not.
The globe is headed from a population of 7.1 billion to 9 billion over the next 3 decades, while the global economy chokes on too much debt, oil marches upwards in price and downwards in supply, and critical resources like aquifers are drained away at frightening speed.
The key questions we need to be asking ourselves now are: What are the most likely challenges and opportunities that will arise from this? And am I prepared for them?
Peak Debt—-Why The Keynsian Money Printers Are Done http://t.co/2lxHXqDBaG
— Lee Adler (@Lee_Adler) September 26, 2014
The incestuous embrace of privilege and power by entrenched, socially isolated Elites characterizes failed states and brittle, doomed regimes throughout history.
Every system is optimized to serve a specific purpose. As noted in my recent essay What Metric Are We Optimizing For?, what the system optimizes is rarely explicitly stated.
Sometimes this results from not understanding the metric that the system is designed to optimize; but in other cases, explicitly describing what the system optimizes would trigger social instability.
It’s not often that I come across a blog post that so interests and impresses me that I drop everything else and decide to highlight it. The post I am referring to is by David Malone of the Golem XIV blog. The pieces that caught my attention consist of a three part series titled The Next Crisis – A Manifesto for the Supremacy of the 1%. Two parts have been published thus far, with the third section forthcoming.
The reason I believe his work here is so important, is because I think the scenarios he outlines as the plan the global oligarchy intends to put into place during the next crisis are quite possible, if not probable. Knowing the tactics of those who wish to oppress you and lock you into perpetual serfdom is half the battle. We must get inside of the devious minds of these people so that we are prepared for their next assault, which without question, is coming our way…
Read the rest here.
[Article By Bitcoinomics.Net Chief Editor, Justin O'Connell]
The future of bitcoin trading is in question. Local authorities have had diverse reactions to average people trading bitcoins, from setting up sting operations to outlining lengthy regulatory frameworks. A main question that might be decided over the coming months is whether or not everybody who has sold bitcoins on Local Bitcoins could find themselves in violation of state laws.
All of this could have been predicted by you though, if you knew about one simple economic theory.
They indicate “an inflection point,” as they did in 2008 (when they led to a historic crash) and 2011 (when they led to a 19% market swoon that stopped only when the Fed threw another round of QE at it). Even relentlessly exuberant VCs are warning.