The Collapse In Germany Is Real… And Accelerating

the-collapse-in-germany-is-real…-and-accelerating

24-09-19 08:42:00,

Authored by Tom Luongo via Gold, Goats’n’Guns blog,

Back in April I told you that Germany was a “Dead Economy Walking.” Today, I get to tell you that it’s legs are gone.

Yesterday morning’s manufacturing PMI print was the worst news Angela Merkel could have imagined, 41.4. A figure so awful dogs will want to roll on it.

Overall, Germany’s economy at the purchasing manager’s level is contracting. And with Merkel masking a massive tax increase as a political cave to the rising Greens the future for Germany’s economic growth looks as bad as the following chart.

Aside from the obvious, the big takeaway from this chart is the consistency with which analysts who are paid a lot more than me over-estimate this number. It’s a brilliant depiction of confirmation bias.

And you can see why this happens. Conventional wisdom tells us that an accommodative central bank, and the ECB’s negative interest rates are the height of accommodation, should support continued manufacturing growth because credit is cheap.

But, it doesn’t if there’s no capacity for the buyers of German goods to take on more debt. Negative interest rates are supposed to increase currency flow because who wants to lose money on their savings, right?

Paging Larry Summers (you incompetent halfwit!) that’s not what they actually signal to the markets. They signal that things suck and the central bank has no confidence in the economy.

It should be no surprise to anyone that the ECB became dovish the minute they got the data that Germany’s economy was shrinking. Because without Germany expanding exports there can be no support for a stable euro, regardless of Brexit.

And as the Remainiacs continue to play games to scuttle Brexit their arguments look weak as it is obvious to all that Europe needs the U.K. more than the other way around.

But, hey, don’t let facts get in the way of some people’s religion.

In fact, every time they try to create a headline to blame things on Brexit uncertainty, it further highlights just how much it is they who are creating it by dragging out the process.

 » Lees verder

Most Americans Who See Collapse of Building 7 Doubt Official Story, Survey Finds

most-americans-who-see-collapse-of-building-7-doubt-official-story,-survey-finds

10-09-19 07:12:00,

A solid majority of Americans who watch the Sept. 11, 2001, collapse of World Trade Center Building 7 on video don’t buy the government’s story that fires brought it down, according to a new survey conducted by YouGov on behalf of Architects & Engineers for 9/11 Truth (AE911Truth).

After viewing video footage of the controversial building collapse from four different angles, 52% of Americans who participated in the survey are either sure or suspect it was caused by a controlled demolition, compared to 21% who are sure or suspect it was caused by ordinary fires. A sizable 27% say they don’t know.

By a similar margin, 51% who see the collapse say they are more inclined to believe the critics who argue that only the use of explosives in a controlled demolition can account for Building 7’s collapse, versus 20% who say they are more inclined to believe the government’s conclusion that fires caused the collapse. (To define “critics,” the survey references a group of 3,000 architects and engineers who have disputed the government’s report as well as researchers at the University of Alaska Fairbanks who performed computer modeling of Building 7’s collapse and also concluded that fires could not have caused the collapse).

By a substantial 3-to-1 margin, 48% say they would support a new investigation into Building 7’s collapse (24% strongly support, 24% support) compared with just 15% who say they would oppose a new investigation (6% strongly oppose, 9% oppose). Meanwhile, 28% say they neither support nor oppose a new investigation, and 9% say they don’t know.

“The lopsided margin between those who suspect it was explosives and those who suspect it was fires really begs the question as to how and why this issue has been marginalized for so long.” — Ted Walter

“The lopsided margin between those who suspect it was explosives and those who suspect it was fires really begs the question as to how and why this issue has been marginalized for so long,” said Ted Walter, who is director of strategy for AE911Truth. “Clearly, if the media were to do its job and provide the most basic information about 9/11 to the American people — or if a few elected officials started talking seriously about Building 7 — the public would be up in arms demanding a new investigation.”

Underscoring the absence of media coverage of Building 7,

 » Lees verder

America’s Collapse: #2 in a series – PaulCraigRoberts.org

america’s-collapse:-#2-in-a-series-–-paulcraigroberts.org

01-08-19 12:39:00,

America’s Collapse: #2 in a series

An Economy Based on Plunder

Paul Craig Roberts

Capitalists have claimed responsibility for America’s past economic success.  Let’s begin by setting the record straight. American success had little to do with capitalism. This is not to say that the US would have had more success with something like Soviet central planning.

Prior to 1900 when the frontier was closed, America’s success was a multi-century long success based on the plunder of a pristine environment and abundant natural resources. Individuals and companies were capitalized simply by occupying the land and using the resources present.

As the population grew and resources were depleted, the per capita resource endowment declined.

America got a second wind from World War I, which devastated European powers and permitted the emergence of the US as a budding world power.  World War II finished off Europe and put economic and financial supremacy in Washington’s hands.  The US dollar seized the world reserve currency role from the British pound, enabling the US to pay its bills by printing money.  The world currency role of the dollar, more than nuclear weapons, has been the source of American power. Russia has equal or greater nuclear weapons power, but it is the dollar not the ruble that is the currency in which international payments are settled. 

The world currency role made the US the financial hegemon.  This power together with the IMF and  World Bank enabled the US to plunder foreign resources the way vanishing American resources had been plundered.  

We can conclude that plunder of natural resources and the ability to externalize much of the cost have been  major contributors right through the present day to the success of American capitalism.  Michael Hudson has described the plunder process in his many books and articles (for example, http://www.unz.com/mhudson/u-s-economic-warfare-and-likely-foreign-defenses/ ), as has John Perkins in Confessions of an Economic Hit Man.

Essentially, capitalism is a plunder mechanism that generates short-run profits by externalizing long-run costs.  It exhausts natural resources, including air, land, and water, for temporary profits while imposing most of its costs, such as pollution, on the environment.  An example is the destruction of the Amazon rain forest by loggers. 

 » Lees verder

America’s Collapse: #1 in a Series – PaulCraigRoberts.org

america’s-collapse:-#1-in-a-series-–-paulcraigroberts.org

25-07-19 01:48:00,

America’s Collapse:  #1 in a Series

Paul Craig Roberts

Readers aware that I, and Dmitry Orlov, have been chronicling America’s rapid decline ask me, “where did it all begin?”  To  answer that question would require a massive history such as Jacques Bazun’s From Dawn to Decadence: 500 Years of Western Cultural Life.   All I can do for you is to show you recent evidence from our time.

Let’s begin an occasional series on the subject with asset forfeiture.  Asset forfeiture was one of those tactics that Sir Thomas More warned against in the play, “A Man for All Seasons.” Cutting down a protective feature of law in order to better chase after devils exposes the innocent to injustice along with the guilty.  The devil was the Mafia.  Asset forfeiture originated as a way to prevent gangsters from using their ill-gotten gains to hire better lawyers to defend them than the US Justice Department could hire to prosecute them.  In effect, gangsters were denied the use of their money in their defense. This was the beginning of an unconstitutional assault on private property and due process, but the judiciary, desiring that the Mafia be imprisoned, ignored their constitutional responsibility. The judges joined in the chase after devils.

A next step was to go further in the “war on drugs” and confiscate the property of those suspected of drug crimes.  The Comprehensive Forfeiture Act of 1984 declared forfeitable all real property, including any right, title or interest in anything associated in any way with the commission of a drug crime. 

As I have stressed and as legal scholars formerly stressed, the law unfolds to the limit of its logic.  Innocent people have had their cars confiscated because they picked up a hitch-hiker who was in possession of drugs discovered in a police stop.  Federal agents have confiscated real estate on the grounds of which they conducted a “drug sting.”  As one of the participants in the sting committed a crime, the property chosen for the sting can be confiscated on the grounds that the property  “facilitated a drug crime.”  Multimillionaire Donald Scott was shot dead by police in his home on his 200-acre estate in Malibu, California, because of a conspiracy to seize Mr.

 » Lees verder

Political Collapse or War? – PaulCraigRoberts.org

political-collapse-or-war?-–-paulcraigroberts.org

12-07-19 05:54:00,

Political Collapse or War?

Can the Epstein Pedophile Case Be Covered Up A Second Time?  Or Will It Bring Down the American Political Establishment and that of the Western world, Or Will the Scandal Be Moved Aside By War With Iran?  Will Israel Finally Get A US-Iran War?

We seem to face these dire alternatives, because the underage sex ring was created by Epstein for blackmail purposes by an intelligence service. http://www.unz.com/pgiraldi/did-pedophile-jeffrey-epstein-work-for-mossad/  

How can the universal spying by the National Security Agency have failed to discover the pedophile ring and its espionage purpose?

Apparently, Acosta’s assigned role was to secure a conviction of Epstein while keeping the evidence out of court.

According to the Justice Integrity Project: 

“New York Times, Acosta Resigns as Labor Secretary Over Epstein Plea Deal, Annie Karni, July 12, 2019. President Trump said Friday morning that R. Alexander Acosta, his embattled secretary of labor, will resign following controversy over a lenient plea deal he made with Jeffrey Epstein when he was a prosecutor in Florida.

“Mr. Trump made the announcement as he left the White House for travel to Milwaukee and Cleveland. Mr. Trump said Mr. Acosta called him this morning and that it was Mr. Acosta’s decision to resign. Acosta was plagued by controversy over a plea deal he made with Jeffrey Epstein, who is accused of abusing dozens of underage girls.

“Under the Bush administration, the U.S. Attorney for the Southern District of Florida, Alexander Acosta, arranged a sweetheart plea deal for Epstein, who pleaded guilty to state charges of solicitation of prostitution and procurement of minors for prostitution. The billionaire pervert served merely 13 months of a nighttime-only sentence in a minimum-security wing of the Palm Beach County prison for his felony guilty plea of soliciting prostitution from a minor. The New York Post reported (Massage Maven out of prison) that Epstein was permitted to have a mistress whom Epstein had described as his “sex slave” visit him in jail 67 times.

“Most shocking, Epstein was spared from any further Florida or federal charges. The non-prosecution agreement was approved by Acosta in coordination with Epstein’s high-powered legal team, which included Florida attorneys Jack Goldberger and Roy Black,

 » Lees verder

The American Collapse Accelerates – PaulCraigRoberts.org

the-american-collapse-accelerates-–-paulcraigroberts.org

02-05-19 10:45:00,

The American Collapse Accelerates

Homeless Hordes take over elite California neighborhoods, camping in the gardens of multi-million dollar homes and making the prized beaches unusable.

LA, San Francisco, and Seattle becoming unlivable.

Murderous MS-13 El Salvadoran gangs taking over Long Island.  Rich elites arming themselves and constructing safe rooms inside their homes.

Just wait until the millions of Americans displaced by robotics are thrown into the streets.

America is a dead man walking.  It no longer works even for the elites.

https://www.zerohedge.com/news/2019-04-29/wealthy-elites-freak-out-homeless-hordes-take-over-west-coast-neighborhoods

Wealthy Elites Freak Out As Homeless Hordes Take Over West Coast Neighborhoods

Authored by Michael Snyder via The Economic Collapse blog,

The elite are very “tolerant” of the homeless until they start showing up in their own neighborhoods.  Even though the mainstream media keeps telling us that the U.S. economy is “booming”, the number of Americans living on the streets continues to grow very rapidly, and this is particularly true in our major west coast cities.  More than half a million Americans will sleep on the streets of our cities tonight, and they need help, care and shelter.  Sadly, as economic conditions deteriorate that number is likely to double or even triple.  Of course many among the elite are all in favor of doing something for the homeless, as long as they don’t have to be anywhere around them.

For example, let’s talk about what is going on in Los Angeles.  No city on the west coast has a bigger problem with homelessness than L.A. does, and many in the homeless population enjoy camping out on the beautiful beaches in the L.A. area at night.

But of course many of the elite that paid millions of dollars for beachfront property are not too thrilled about this.  Sex Pistols frontman Johnny Rotten was a key symbol of anti-establishment rebellion in the 1970s, but now he is freaking out because homeless people are making life very difficult for him and his wife in Venice Beach, and what he recently told Newsweek’s Paula Froelich is making headlines all over the nation

He told her the homeless situation in his swanky LA neighborhood is so bad that thieves are tearing the bars from the windows of his multimillion-dollar home,

 » Lees verder

Planetary Collapse Looms? New Study Shows More Than 1,200 Species “Will Almost Certainly Face Extinction”

planetary-collapse-looms-new-study-shows-more-than-1200-species-8220will-almost-certainly-face-extinction8221

18-03-19 10:00:00,

Authored by Michael Snyder via The Economic Collapse blog,

We are witnessing a worldwide environmental collapse, and nobody seems to know how to stop it. 

As you will see below, a study that was just released that looked at more than 5,000 species of birds, mammals and amphibians discovered that nearly a quarter of them “will almost certainly face extinction”.  Never before has our society faced such a massive collapse of life on a planetary scale, and yet the vast majority of the population doesn’t seem concerned about what is happening.  Species after species is being permanently wiped out, and most of us couldn’t care less.

The time for action is now.  According to this new study, over 1,200 species will soon be extinct unless dramatic action is taken.  The following comes from the Guardian

More than 1,200 species globally face threats to their survival in more than 90% of their habitat and “will almost certainly face extinction” without conservation intervention, according to new research.

Scientists working with Australia’s University of Queensland and the Wildlife Conservation Society have mapped threats faced by 5,457 species of birds, mammals and amphibians to determine which parts of a species’ habitat range are most affected by known drivers of biodiversity loss.

Once these species are gone, they will be gone forever.

And remember, this study from Australia only included larger creatures such as birds, mammals and amphibians.  The situation is far more dire when we look at what is happening to the insect world.  The following is an excerpt from my previous article entitled “Insect Apocalypse: The Global Food Chain Is Experiencing A Major Extinction Event And Scientists Don’t Know Why”

Scientists are telling us that we have entered “the sixth major extinction” in the history of our planet. A brand new survey of 73 scientific reports that was just released has come to the conclusion that the total number of insects on the globe is falling by 2.5 percent per year. If we stay on this current pace, the survey warns that there might not be “any insects at all” by the year 2119. And since insects are absolutely critical to the worldwide food chain,

 » Lees verder

Brazil Dam Collapse: Vale, the Private Giant Responsible, Has a History of Flouting Rules – Global Research

brazil-dam-collapse-vale-the-private-giant-responsible-has-a-history-of-flouting-rules-8211-global-research

11-02-19 08:08:00,

The Brumadinho dam burst, the most recent instance in Vale’s long list of regulatory violations, has resulted in 121 deaths so far, with the number expected to rise

***

With the death toll in the Brumadinho dam disaster in Brazil rising to 121, and another 226 people still missing after 11 days of the collapse, there is little hope that anyone else will be found alive. According to reports, no one has been found alive since the day after the collapse on January 25. This has surpassed Brazil’s worst environmental disaster in terms of human casualties, the 2015 Mariana dam burst, for which the same multinational private giant, Vale, was responsible.

The Brumadinho dam, in the state of Minas Gerais, was a tailing dam used to store mining waste and sludge, with a capacity of 1 million cubic metres. When it burst, the dam released 11.7 million cubic metres of toxic mining waste which went crashing into homes in Brumadinho and also the Vale office. The family members of the missing people have been lining up at the rescue operation site for more information, but Vale has not yet said anything about what went wrong.

Lessons learnt from 2015 disaster?

This disaster comes just three years after the Mariana dam burst in which 19 people lost their lives due to the 62 million cubic metres of toxic mud that was released. The dam was jointly owned by Vale and the English Australian BHP.

Both the dams were constructed using the same “upstream” technique, in which the wall of the dams are built using tailings, and are designed to grow as more waste is pumped in. It is the cheapest method of constructing tailing dams, and also proven to be the least safe. In Chile, this method of construction is banned.

Even the cause of this disaster is likely to be the same as the previous one. Minas Gerais’ deputy minister for environmental regulations, Hildebrando Neto, told Reuters that the dam is likely to have collapsed due to liquefaction, when the solid constituents of the structure, such as sand and dried-mud, lost strength and started behaving like liquids.

Thus, Vale does not seem to have learnt any lessons, and little has been done to hold it accountable and change the conditions of regulation of dams in Brazil.

 » Lees verder

This is How the USA Will Collapse – Congress is Incapable to Ruling the Country | Armstrong Economics

this-is-how-the-usa-will-collapse-congress-is-incapable-to-ruling-the-country-armstrong-economics

18-01-19 10:41:00,

Believe it or not, member of Congress continue to get paid even when there is a shutdown on the basis that Congress refuses to fund the government. Elizabeth Warren has come out and stated that she will donate her salary during the shutdown. The Speaker of the House, Nancy Pelosi, is paid $223,500 per year. The Democrats fought to include a new top bracket raising it from $250,000 to $500,000 to reach 37% tax rate. It was embarrassing when you are earning close to $250,000 and you keep demonetizing the rich.

Of course, Congress is excluded from Obamacare. They get their own golden deals of unlimited care. That is worth more than $50,000 annually which they do not include in a salary.

So any wonder why the member of Congress can let a shutdown go on and on? Easy, they still get paid when everyone else does not. Nancy Pelosi reiterated that Democrats will not agree to a border wall but joked that she’d give Trump $1 for it.

They believe they can make Trump look like the bad guy here and the shutdown can be a long one indeed. They have dug in their heels and it is hard to see how they can back down now without losing face. The fact that the wall would be $5.7 billion and one week’s interest bill to keep rolling the debt comes in at $6.7 billion. This is simply a political standoff demonstrating that Congress has lost all civility and is incapable of managing the country going forward. There is no reversal in sight and we simply cascade in this death spiral into 2032. Perhaps now we can see that indeed the United States will cease to exist as we know it after 2032. The USA will be prone to separatist movements as well after 2024. That appears to be the target for absolute political disintegration.

 » Lees verder

The Collapse of WTC Building Seven on 9/11 – Global Research

The Collapse of WTC Building Seven on 9/11 – Global Research

11-09-18 02:31:00,

Note to readers: please click the share buttons above. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.

Andy Steele (AS): Dr. Leroy Hulsey got a BS in civil engineering I 1965 from the Missouri School of Mines and Metallurgy and an MS in civil engineering from the University of Missouri at Rolla in 1966. He did post-graduate work at the University of Illinois at the Ph.D. level from 1968 to 1971, and in 1976 he got his Ph.D. in structural engineering from the University of Missouri at Rolla. He has owned and run three high-tech engineering research corporations and has extensive teaching and research experience. Currently he’s the chair of the civil engineering and environmental engineering department at the University of Alaska Fairbanks.

We’re going to be talking about the World Trade Center 7 Study, giving an important update to our audience. He’s here to do that. First, Dr. Hulsey, I just want to welcome you back to 9/11 Free Fall.

Leroy Hulsey (LH): Thank you. I appreciate that.

AS: Before we get started, for newcomers, people who may not be aware of who you are and what the study is about, briefly tell us more about yourself and why you decided to undertake this study.

LH: One of the members of Architects & Engineers for 9/11 Truth contacted me. He is originally from the East Coast and is now located in Anchorage. He was looking for a person who could actually conduct research. So he made contact with me. That was several years ago. I turned the opportunity down to do the research work. The approach was made again and I turned it down again. The approach was made again, and I put together an estimate of what I thought it would cost to do it. The dialogue began. At that point I decided I was old enough to not worry about whether there would be any consequences to this, so I went ahead and said, “Okay, I’ll do it.”

At the end of the day, I began the study for the sole purpose of bringing the truth to what had been done previously and try to explain how this building may have come down,

 » Lees verder

Turkey’s Collapse Could Send “Millions” Of Refugees Flooding Into Europe

Turkey’s Collapse Could Send “Millions” Of Refugees Flooding Into Europe

17-08-18 04:26:00,

As Turkey braces for a fresh round of US sanctions amid a plummeting lira and what Turkish President Recep Tayyip Erdoğan says is “economic warfare” with Washington over the detention of US pastor Andrew Brunson, millions of refugees – primarily from Northern Africa and neighboring Syria, would likely flood into Europe as the Turkish economy collapses according to Newsweek.

Over 3.5 million refugees now live in Turkey after having escaped the brutal conflict that has continued for over seven years in neighboring Syria. At the same time, there are at least half a million refugees from other parts of the Middle East and Northern Africa also living in the transcontinental country.

Many of these migrants settled in the country because of a deal Ankara struck with the European Union in 2016. –Newsweek

“There are 4 million refugees in Turkey. Even though they haven’t integrated into Turkish society, they have benefited from a welcoming government. Erdoğan says he’s spent $20 billion of unbudgeted funds on these people. It’s quite clear these are unbudgeted expenditures he’s been willing to spend. But if you add another million on top of that, who knows,” Bulent Alizira, director of the Turkey program at the Washington, D.C.–based Center for Strategic and International Studies, told Newsweek.

Erdoğan was convinced to bring the European migrant influx under control in exchange for $6.6 billion in assistance, however this may be untenable as the Turkish economy goes deeper into a death-spiral, and another million migrants may cross the border after an impending Russian-backed Syrian government offensive in the jihadist stronghold of Idlib province. 

Turkey, meanwhile, has threatened to open the floodgates to Europe in the past – as foreign minister Süleyman Soylu warning that Ankara could send “15,000 refugees to you… each month and blow your mind,” while threatening Brussels into footing the bill for the multi-billion dollar deal. 

Such a scenario “could have major political consequences for politicians like German Chancellor Angela Merkel,” whose internal battles within her coalition government have left it in a precarious state after significant pressure to dial back her EU open-border migration policies which began in 2015. 

 » Lees verder

Bureaucracy & the Collapse of Empires, Nation, City-States & Corporations | Armstrong Economics

Bureaucracy & the Collapse of Empires, Nation, City-States & Corporations | Armstrong Economics

17-07-18 06:42:00,

COMMENT: Sir,

Your blog about the “Deep State” being nothing more than the bureaucracy made me laugh. If memory serves, didn’t some of the Chinese dynasties implode because of bureaucracies? Or am I being nearsighted and all governments typically implode because of bureaucracies? On a fractal level, don’t all corporations implode because of their bureaucracies over time?

Working in the medical field, the rank and file have a very high distaste for the epitome of the bureaucrats, the hospital administrators. One of the pitfalls of the bureaucracy is there is NO feedback loop. They make the rules but do not have to live them. I found that bitching doesn’t make them change their rules but a strategically timed call at 2-3 am to discuss the shortcomings of their boneheaded decisions typically does.

So how do we, joe public, call the government bureaucrats at 2 am in the morning? Voting for Britexit? Trump? Will they listen?

Keep up the good work and hope to finally meet you in Nov.

DK

Rules of Bureaucracies

1) The first thing you do is assign blame. Do not fix the problem, but make sure that blame is assigned. Remember if you fix the problem, your job is at risk.

2) Assign your work to someone else

3) Vote/assign yourself salary raises and as many perks as you can get.

Perhaps you and the readership of your blog can finish out the list.

REPLY: Corporations also fail when the board replaces the creators, abandon imagination, and proceed to comply with all the rules so they are run by the lawyers and accountants. I have found it very frustrating getting called in when they have a crisis that they create by mismanagement. The profit margins have to expand to cover the costs of waste by mismanagement. The Deep State is indeed the bureaucracy. Just look at Brussels. They are waging a fight against anything that would undermine the euro, not to further the living standards or expand the economy of Europe. It has now turned all around and the primary goal is to preserve the EU bureaucracy. They now are defending their jobs.

 » Lees verder