Mauldin: We’re On The Brink Of The Second “Great Depression”

mauldin:-we’re-on-the-brink-of-the-second-“great-depression”

30-11-19 09:09:00,

Authored by John Mauldin via RealInvestmentAdvice.com,

You really need to watch this video of a recent conversation between Ray Dalio and Paul Tudor Jones. Their part is about the first 40 minutes.

In this video, Ray highlights some problematic similarities between our times and the 1930s. Both feature:

  1. a large wealth gap

  2. the absence of effective monetary policy

  3. a change in the world order, in this case the rise of China and the potential for trade wars/technology wars/capital wars.

He threw in a few quick comments as their time was running out, alluding to the potential for the end of the world reserve system and the collapse of fiat monetary regimes.

Maybe it was in his rush to finish as their time is drawing to a close, but it certainly sounded a more challenging tone than I have seen in his writings.

Currency Wars

It brought to mind an essay I read last week from my favorite central banker, former BIS Chief Economist William White.

He was warning about potential currency wars, aiming particularly at the US Treasury’s seeming desire for a weaker dollar. Ditto for other governments around the world. He believes this is a prescription for disaster.

One possibility is that it might lead to a disorderly end to the current dollar based regime, which is already under strain for a variety of both economic and geopolitical reasons. To destroy an old, admittedly suboptimal, regime without having prepared a replacement could prove very costly to trade and economic growth.

Perhaps even worse, conducting a currency war implies directing monetary policy to something other than domestic price stability. There ceases to be a domestic anchor to constrain the expansion of central bank balance sheets.

Should this lead to growing suspicion of all fiat currencies, especially those issued by governments with large sovereign debts, a sharp increase in inflationary expectations and interest rates might follow. How this might interact with the record high debt ratios, both public and private,

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“We’re Living In A System Of The Banks, By The Banks, & For The Banks…”

“we’re-living-in-a-system-of-the-banks,-by-the-banks,-&-for-the-banks…”

10-11-19 09:04:00,

Via Greg Hunter’s USAWatchdog.com,

Edward Griffin, author of the wildly popular book about the Federal Reserve “The Creature from Jekyll Island,” is holding a conference this weekend called “Red Pill Expo.”

It is all about waking people up from the illusions they are being told. Griffin explains, “The illusions are in health, in politics and in education. The illusions are in the media, in money and in banking, which is my specialty. So, people are coming, some of whom are informed, but most respond to the slogan we are using for the “Red Pill Expo,” and the slogan is ‘Because you know something is wrong.’ That sort of spells it out for most people, not just in America, but for people all over the world. People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong.”

What’s wrong in the financial world with the longest expansion in history and the Fed starting QE (money printing) again? Griffin says:

“We are living in a system of the banks, by the banks and for the banks, and that is the reality…

They see that the wheels are coming off… The system of inflation in which we live cannot go on forever…

All systems of exponential growth always collapse. They come to an end at some point, and it’s hard to tell exactly at what point, but you do know there is a breaking point where it just moves beyond reality. The banks know this better than anybody. So, I am assuming that they feel they are at the end. You can smell it. You can see it. You can touch it almost. So, what do you do? …

I think their thinking is, hey, we are at the end and let’s just grab all we can so when the system collapses, we will be okay. That is kind of a crude way of putting it, but I think they are going for broke because they know it is broke, and there is not much they can do about it.”

So, what’s the plan by the bankers?

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“We’re A Group Of 12-Year-Olds Trying To Make A Difference” – 1992 UN Climate Crisis Redux

“we’re-a-group-of-12-year-olds-trying-to-make-a-difference”-–-1992-un-climate-crisis-redux

27-09-19 02:41:00,

Nearly 30 years before angry 16-year-old girl Greta Thunberg “shamed” world leaders in a tearful tirade at The UN, a 12-year-old girl “silenced the world for five minutes”.

In 1992, Severn Cullis-Suzuki – then 12-year-old daughter of Canadian environmentalist David Suzuki, addressed the plenary session of the UN Earth Summit in Rio de Janeiro.

In it, she described being “afraid to breathe the air” or go out in the sun, warned of mass extinctions of plants and animals and urged rich nations to stop spending so much money on war and “let go of some of our wealth”.

Sound familiar? It Should:

I just dug up this clip from 1992…

Severn Cullis-Suzuki’s speech to the UN in 1992 on climate change sounds an awful lot like Greta Thunberg’s in 2019.

I cut the two together to show just how similar the language is: pic.twitter.com/18ptTzX4M4

— Caleb Hull (@CalebJHull) September 26, 2019

Here’s Cullis-Suzuki’s full speech:

“We are a group of 12 and 13-year-olds trying to make a difference. We’ve raised all the money to come here ourselves, to come 5000 miles to tell you adults you must change your ways.

“Coming up here today I have no hidden agenda. I am fighting for my future. Losing my future is not like losing an election or a few points on the stock market. I am here to speak for all generations to come. I am here to speak on behalf of the starving children around the world whose cries go unheard. I am here to speak for the countless animals dying across this planet because they have nowhere left to go.

“I am afraid to go out in the sun now because of the hole in our ozone. I am afraid to breathe the air because I don’t know what chemicals are in it. I used to go fishing in Vancouver, my home, with my dad, until just a few years ago we found the fish full of cancers. And now we hear of animals and plants going extinct. Every day, vanishing forever.

“In my life, I have dreamt of seeing the great herds of wild animals,

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Big Pharma CEO: ‘We’re in Business of Shareholder Profit, Not Helping The Sick’

big-pharma-ceo:-‘we’re-in-business-of-shareholder-profit,-not-helping-the-sick’

25-08-19 09:19:00,

Last July, Turing Pharmaceuticals’ CEO Martin Shkreli became a lightning rod for growing outrage over soaring prescription drug prices after he raised the price of a newly-acquired drug from $13.50 to $750. But Shkreli, who earned the title ‘the most hated man in America,’ is not the only one acquiring drugs currently on the market to raise their price and, in turn, rapidly drive up their stock price.

J. Michael Pearson, the CEO of Valeant Pharmaceuticals has enraged the internet after saying in a recent interview with MSNBC that “his company’s responsibility is to its shareholders, not the customers who rely on his drugs to live.”

“My primary responsibility is to Valeant shareholders. We can do anything we want to do. We will continue to make acquisitions, we will continue to move forward,” Pearson said.

He added: “If products are sort of mispriced and there’s an opportunity, we will act appropriately in terms of doing what I assume our shareholders would like us to do.”

J. Michael Pearson  | ImgurJ. Michael Pearson | Imgur

Already this year, according to several media outlets, Valeant has increased the price of 56 of the drugs in its portfolio an average of 66 percent, highlighted by their recent acquisition, Zegerid, which they promptly raised 550 percent. Not only does this have the unfortunate side effect of placing the price of life-saving drugs out of reach for even moderately-insured people, but it has now begun to call into question the sustainability of this rapidly-spreading business model.

Valeant has acquired more than 100 drugs and seen their stock price rise more than 1,000 percent since Pearson was named CEO in 2008. Pearson started working with Valeant Pharmaceuticals as an outside consultant in 2007, took over as CEO the next year.

See Also

NEWS

Sen. Susan Collins Just Punched Her Ticket To Hell

Both Elizabeth Warren and Bernie Sanders’ stance against the practice has placed big pharma under tremendous scrutiny.

The House Committee on Oversight and Government Reform is planning to issue a subpoena for information on recent price increases from both Pearson and Shkreli.

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We’re All Enemies Of The State: Draconian Laws, Precrime & The Surveillance State

we’re-all-enemies-of-the-state:-draconian-laws,-precrime-&-the-surveillance-state

07-08-19 09:26:00,

Authored by John Whitehead via The Rutherford Institute,

“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.” – H.L. Mencken

We’ve been down this road many times before.

If the government is consistent about any one thing, it is this: it has an unnerving tendency to exploit crises and use them as opportunities for power grabs under the guise of national security.

As David C. Unger, a foreign affairs editorial writer for the New York Times, explains, “Life, liberty, and the pursuit of happiness have given way to permanent crisis management: to policing the planet and fighting preventative wars of ideological containment, usually on terrain chosen by, and favorable to, our enemies. Limited government and constitutional accountability have been shouldered aside by the kind of imperial presidency our constitutional system was explicitly designed to prevent.”

Cue the Emergency State, the government’s Machiavellian version of crisis management that justifies all manner of government tyranny in the so-called name of national security.

Terrorist attacks, mass shootings, “unforeseen economic collapse, loss of functioning political and legal order, purposeful domestic resistance or insurgency, pervasive public health emergencies, and catastrophic natural and human disasters”: the government has been anticipating and preparing for such crises for years now.

It’s all part of the grand plan for total control.

The government’s proposed response to the latest round of mass shootings—red flag gun laws, precrime surveillance, fusion centers, threat assessments, mental health assessments, involuntary confinement—is just more of the same.

These tactics have been employed before, here in the U.S. and elsewhere, by other totalitarian regimes, with devastating results.

It’s a simple enough formula: first, you create fear, then you capitalize on it by seizing power.

For instance, in his remarks on the mass shootings in Texas and Ohio, President Trump promised to give the FBI “whatever they need” to investigate and disrupt hate crimes and domestic terrorism.

Let that sink in a moment.

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‘We’re not a dumpster!’ Indonesia sends plastic, shoes & DIAPERS disguised as paper waste back to US

‘we’re-not-a-dumpster!’-indonesia-sends-plastic,-shoes-&-diapers-disguised-as-paper-waste-back-to-us

16-06-19 07:54:00,

Indonesia says it won’t become yet another world “dumping ground” after it returned five containers of waste back to the US, joining the growing number of Asian nations to recently turn away Western ‘recyclables.’

The waste arrived in Indonesia from Seattle back in March. The cargo, shipped by a Canadian company, was supposed to contain paper recycling material, but the Environment and Forestry Ministry discovered multiple “impurities” inside five containers and ordered them to be “re-exported.

The containers were filled with “significant amounts” of various plastic waste and shoes, in addition to other rubbish such as wood scraps, fabrics and even diapers. “Although the containers were originally from Canada, the country of departure was the US,” said Waste and Hazardous Waste Management Directorate General Secretary Sayid Muhadhar.

This is not appropriate and we don’t want to be a dumping ground.

Indonesia, which has a very limited capacity to recycle even its own plastic, has a decree banning the importation of consumer plastic waste. Production waste in the form of clean paper and plastic scraps can still enter the country, if the Trade Ministry grants an import license.

Also on rt.com
Keeping out the trash? RT’s Keiser Report checks one of the biggest wars & it’s not about garbage

Any trash that enters the country illegally will immediately be sent back, Indonesian Environment and Forestry Minister Siti Nurbaya Bakar warned earlier this month, stressing that the government will investigate any reported malpractices and violations. Just on Friday, the Batam customs received 65 containers from North America and Europe that authorities believe might contain toxic waste, the Jakarta Post reported, noting that containers have been sealed while a lab examines the samples. The country previously returned dozens of containers filled with illegal plastic in 2015 and 2016.

Indonesia broke its decade-old record and imported a total of 283,000 tons of plastic last year, the National Statistics Agency showed. The huge 141 percent increase followed China’s January 2018 decision to stop accepting plastic waste from the rest of the world due to environmental concerns. In the past, China processed over half of the world’s trash.

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Embassy Protection Collective: We’re Still Here and We’re Staying – Global Research

embassy-protection-collective:-we’re-still-here-and-we’re-staying-–-global-research

07-05-19 08:15:00,

The Embassy Protection Collective formed on April 10, the day after the Trump administration manipulated the Organization of American States (OAS) to change the rules so they could recognize their puppet, Juan Guaido, as president of Venezuela. The OAS could not get the required two-thirds vote to recognize a government so they changed the rules to a mere majority and barely got that. By then, the US had allowed their Guaido coup forces to take the Venezuelan military attaché building in Washington, DC and three diplomatic offices in New York City.

The Trump administration is allowing extreme violent right-wing Guaido supporters to blockade the embassy. Despite a standoff in the last week, we had a series of victories over those forces and remain steadfast protectors of the embassy.

We adopted a theme song for the Embassy Protection Collective, “We’re Still Here” by Holly Neer. The chorus begins with:

We’re Still Here

Choosing Love Over Fear

When the Lines Are All Drawn

We’re Still Here

Challenges and Victories

We woke up on April 30 to the news that Juan Guaido was going to attempt a coup again, which made us wonder why he needs to conduct a coup if he is the “president.” We were alerted by our Venezuelan allies that this second coup attempt would be easily defeated, which it was, but to expect coup-supporters in the US to protest at the embassy.

In fact, the extremist Venezuelan coup supporters showed up that morning and tried to take over the steps in front of the building. A team of embassy protectors took a stand on the steps and stopped them from taking over the entry. More violent extremists showed up throughout the day, causing police to erect a barricade between us in front of the embassy. We sang almost non-stop to keep ourselves from engaging with them while they blew sirens and other loud noises and insulted and threatened us shouting racist and misogynist comments and using lewd gestures. Police refused to pass food and water to us or to allow our allies into the space in front of the embassy.

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We’re All Being Judged By A Secret ‘Trustworthiness’ Score

we8217re-all-being-judged-by-a-secret-8216trustworthiness8217-score

09-04-19 06:00:00,

Nearly everything we buy, how we buy, and where we’re buying from is secretly fed into AI-powered verification services that help companies guard against credit-card and other forms of fraud, according to the Wall Street Journal

More than 16,000 signals are analyzed by a service called Sift, which generates a “Sift score” ranging from 1 – 100. The score is used to flag devices, credit cards and accounts that a vendor may want to block based on a person or entity’s overall “trustworthiness” score, according to a company spokeswoman.

From the Sift website: “Each time we get an event — be it a page view or an API event — we extract features related to those events and compute the Sift Score. These features are then weighed based on fraud we’ve seen both on your site and within our global network, and determine a user’s Score. There are features that can negatively impact a Score as well as ones which have a positive impact.” 

The system is similar to a credit score – except there’s no way to find out your own Sift score. 

Factors which contribute to one’s Sift score (per the WSJ): 

• Is the account new?

• Are there are a lot of digits at the end of an email address?

• Is the transaction coming from an IP address that’s unusual for your account?

• Is the transaction coming from a region where there are a lot of hackers, such as China, Russia or Eastern Europe?

• Is the transaction coming from an anonymization network?

• Is the transaction happening at an odd time of day?

• Has the credit card being used had chargebacks associated with it?

• Is the browser different from what you typically use?

• Is the device different from what you typically use?

• Is the cadence of the way you typed out your password typical for you? (tracked by some advanced systems)

Sources: Sift, SecureAuth, Patreon

The system is used by companies such as Airbnb,

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Johnstone: We’re “Trapped In An Orwellian Oligarchy”

Johnstone: We’re “Trapped In An Orwellian Oligarchy”

13-10-18 07:51:00,

Authored by Caitlin Johnstone via Medium.com,

Facebook, Twitter Purge More Dissident Media Pages In Latest Escalation

Facebook has purged more dissident political media pages today, this time under the pretense of protecting its users from “inauthentic activity”. In a statement co-authored by Facebook Head of Cybersecurity Nathaniel Gleicher (who also happens to be the former White House National Security Council Director of Cybersecurity Policy), the massive social media platform explained that it has removed “559 Pages and 251 accounts that have consistently broken our rules against spam and coordinated inauthentic behavior.”

This “inauthentic behavior”, according to Facebook, consists of using “sensational political content — regardless of its political slant — to build an audience and drive traffic to their websites,” which is the same as saying they write about controversial things, and posting those political articles “in dozens of Facebook Groups, often hundreds of times in a short period, to drum up traffic for their websites.”

In other words, the pages were removed for publishing controversial political content and trying to get people to read it. Not for writing “fake news”, but for doing what they could to get legitimate indie media news stories viewed by people who might want to view it. The practice of sharing your material around in Facebook groups is common practice for most independent media content creators; I did it myself a lot in late 2016 and early 2017, and pretty much all my indie media peers at the time did too.

Excellent breakdown the of the Facebook purge by @RealAlexRubi with commentary from some of the page owners who have poured countless hours over the last few years into building reputable Facebook pages that still dare to challenge the mainstream narrativehttps://t.co/oi9aZjDhM8

— Rachel Blevins (@RachBlevins) October 12, 2018

“For those of you who read what I write, you know that I did not violate any standards,” writes Terresa Monroe-Hamilton, whose personal profile and Facebook page for her political blog NoisyRoom.net were both deleted. “In fact, I don’t send out most of what I write. I send on big news links and a few memes.

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