I updated my 10/3 post about the collapsing (Werewestern) world economy. Check that. And know that, even as “your” government and central bank actively shaft and eliminate you, they routinely prop-up and bail out their criminal friends in foreign countries. Lesson: next month, vote EXTRA hard!
In progress now! Again. On exactly the same pathetic terms as in 2008. Nothing has changed, except by getting worse. Here we go again. Too big to fail, still?
The Fed refused to take the bitter medicine that was necessary back in 2008. They bought a lot more time than I would have imagined by kicking the can down the road, and the Covid lockdowns and “emergency spending measures” appear to have given them an additional two years. But now it’s October, historically a month when the debt chickens come home to roost, and two of the world’s biggest banks, Credit Suisse and Deutsche Bank, have managed to get themselves in seriously deep trouble again, because no one ever stops doing what they’re doing when you prevent them from suffering the consequences of their actions.
While both giant banks are too big to be permitted to fail without significant ramifications through their host countries and the demi-global financial system – which now requires the prefix since the BRICSIA nations have their own system – and both are national flagships, the recent destruction of the energy pipelines suggests the hitherto unthinkable possibility that the Fed might not only be willing to let the banks fail, but perhaps even order the Swiss and German governments to refrain from bailing them out in the interest of furthering the Great Reset.
And both current governments are sufficiently corrupt, and sufficiently ignorant of economics, that they might well accept destructive direction from Washington DC on the subject. The fact that the only member of the Swiss Federal Council who has any grasp of economic matters just resigned last week might even be a sign that an unprecedented action – or rather, lack of action – may be in the offing.
This suggests that the next big economics battle will be the nationalization of banks and money vs centralized demi-global banking and a single digital currency for the former West.
Note that the same retarded heathens who moaned and whined about student loan forgiveness will have next to nothing to say if or when the WereWestern governments bail out these evil institutions. Again. The banks should be allowed to fail. hell, they should be forced to fail. And then, to hang from lampposts and trees.
Also note, as Vox does, that the MIR-CIPS sovereign nations are outside this stupid, predicted collapse. They will go on, business and life as normal. But hey, we got us freedom fries, right? That and the rule of literal satanists who really and truly hate us.
Next month, y’all better vote really, really hard.
UPDATE, 10/12/22: More madness:
This is normal. Nothing to see here. Carry on.
Central Bank Liquidity Swap Operations
These swap facilities are designed to improve liquidity conditions in global money markets and to minimize the risk that strains abroad could spread to U.S. markets, by providing foreign central banks with the capacity to deliver U.S. dollar funding to institutions in their jurisdictions. The New York Fed undertakes certain small value transactions from time to time for the purpose of testing operational readiness. The results of the central bank liquidity swap operations and small value exercises of the central bank liquidity swap lines are published on a weekly basis when conducted.
Transfer to Swiss National Bank 10/05/2022 10/06/2022 10/13/2022 7 3.33 3,100,000,000
Now, why would the Federal Reserve be loaning $3.1 billion to the Swiss National Bank? Oh, yeah, I suppose that just might be why.
Credit Suisse Group AG may be facing a capital shortfall of up to 8 billion Swiss francs ($8 billion) in 2024, according to an analysis by Goldman Sachs Group Inc, underscoring the difficulties the troubled lender will face is it approaches what will likely be an extensive restructuring. Given the lender will need to restructure its investment banking operations during a period of “minimal” capital generation, it will face a shortfall of at least 4 billion francs, according to a team of analysts
Again, where are all the squeaking, immoral retards who babbled about “taxpayers shouldn’t be on the hook for those lazy college kids!” Not that any of this fake, nonexistent garbage “money” will ever be repaid by anyone, but come on. A bailout is a bailout; in this case, as in all the others since 2008, the proceeds go to the most evil and irresponsible thieves, liars, and murderers on the planet. Like Vox noted, nothing to see here.
While The Getting Is Good: Kids, It’s About Time
If there’s still time, that is.
As more time passes, more people begin to acknowledge the reality of life in these Disunited States. Writing about the death of public education, Paul Craig Roberts just noted: “If your kids are straight white males, they have no prospect in the corporate world or the US military. They need to start a business or learn a skill—electrician, mechanic, plumber—that allows them independence. Really, they should leave the country. So should your daughters.”
Somebody should write a book about that! Somebody did.
About a year ago, I proudly released GET OUT! It was and still is a free ebook. The updated, for-profit version never materialized. So far, I’ve had 174 downloads, or “sales.” That’s a little depressing, especially considering my entry for the shortest novel ever, SOLD OUT, a similarly-priced one-pager about nothing, has seen 992 “sales” over roughly the same period.
GET OUT! is a short field guide for intelligent young Christian Americans who want to vacate the USSA before full Balkanization sets in. As my target audience is by default of European origin, I recommend the fire out of European nations, particularly those in the center-east of the Old Continent. It started as a series of columns, originally written for TPC. Oddly enough, that was about the same time the civic-nationalist, delusional censorship started at TPC. Not one to be deterred, I finished it here. I stand by all of it, even as two of the prospective escape countries are flirting with war with each other. As I noted then, or think I did, whatever happens over there will be a merry picnic compared to what’s gearing up here. Interestingly, given that we appear to be headed towards a Yugoslavian-style conflict, I hereby add most of the Balkan nations, Serbia in particular, to the list.
I have no way of knowing the demographics behind my 174 sales. However, as I keep pointing out, the book is for the young, mainly younger Millennials and the Zoomers. My luck with directly selling it to the chosen audience has not been that great. Young people, near and dear to me, have sneered at the idea. And, of course, the one group that has shown interest, is the one that I specifically excluded. Really, Boomers! You lit the fire, you need to enjoy the heat. But, no, I’m not opposed to genuinely decent Americans of any age fleeing if they can – so long as they do it the right way.
That’s the catch, isn’t it? The refugee almost invariably attempts to recreate home country X as soon as he arrives in new county Y. I cover this several times in the book: There’s no point in leaving a problem only to become someone else’s problem. The young, innocent, and naive are best suited for the attempt of integration.
Everyone else needs to hang around for the big party. RSVP, when? I’m not sure. By the end of this decade, I’d think. In fact, it’s already started.
The American nation is gone and the US Empire, the home state included, is rapidly collapsing. This is a Godless place, or rather, it no longer honors the Trinitarian God of Christianity. Congress convened its evil this January with an opening prayer to a demon. The US has no government, a satanic cult occupying the place where a governing body once was long ago. Literal Americans, the Posterity of 1789, are, at best, only one-quarter of the population. Soon, very soon, 1792-definition Americans will become a minority. Whichever group you fall into, just know that you will be a hated minority. It’s already commenced – hating on Americans and erasing their history and culture is the new American pastime!
What’s taking the place of traditional American society? It’s not pretty. Football, says the NFL, is “gay.” “Gay” choirs openly boast about coming for our children. It only makes sense, all added up, that “gay” footballers come for children at 3 AM in hotel room beds. Praise be to Brahma?
Half the people are still gleefully caught up in the hoax of the Corona scam and war crime. In place of money, we have economic sorcery, black magic conjured from a crystal ball. We’re more than halfway to owning nothing, and many fools do appear to like it. Get woke! BLM! The jab! Brahma, hear us!
Read this column by Vox Day: “Lest you be discouraged, keep in mind that everything we’ve been seeing over the last few days [the summer of 2020] has been absolutely inevitable since 1965. There was never any other possible outcome. The decline and fall was designed.” Read it again and then read this one:
There is a white Christian America and there is a not-white not-Christian not-America which are now locked into an existential struggle. The USA is now divided into a New World remnant of Christendom and the stronghold of Satandom. The latter wishes to conquer and destroy the former because it is a separate nation that worships the god of this world rather than God the Father of Jesus Christ.
For a very good preview, above and beyond the USSA in the summer of 2020, read this article about the joy of life in South Africa today. Add in tanks, artillery, and heavy bombing, and it’s the USSA tomorrow.
If you helped make this mess, then enjoy it. If you didn’t, please endure it, overcome it, and help rebuild afterward. Or, for those who can, leaving is a diminishing option. I think there is still time, but not much.
Some idiot once proclaimed of the Washington rodent-class: “We’re all Keynesians now!” No, you were and are just stupid, greedy, and evil. Keynes, for all his faults, had this insane idea that at some point the debts needed to be repaid. We’ve long since passed that point and then some. This cannot go on forever.
The trap the Federal Reserve has stumbled into is that it continues to require more interventions to sustain lower rates of economic growth. Whenever the Fed withdraws interventions, economic growth collapses.
As shown, since the turn of the century, each economic cycle has failed to attain a higher rate of growth than previously. The Federal Reserve lowered interest rates to stimulate growth. However, after reaching the “zero bound,” the Fed engaged in expansionary monetary policy.
They made it. They stepped in it. Let them fall into it. What will happen, when things totally fall apart, is that the debt-based funny money will be erased. Then it will be replaced with something that works. Then, history will probably repeat.
I’ve been commissioned to write a brief history of the Fed concurrent with a policy that the Fed enabled from its inception. Look for that soon.
Seriously, American colleges and universities are done.
At NYU, a journalism propaganda class and professor are subject to propaganda for discussing propaganda.
On Sept. 20, after a class discussion of the case for universal masking as defense against transmission of SARS-COV-2 (in which discussion she did not participate), a student took to Twitter to express her fury that Prof. Miller had brought up the randomized, controlled tests—all of those so far conducted on the subject—finding that masks and ventilators are ineffective at preventing such transmission, because the COVID-19 virions are too small for such expedients to block them. Prof. Miller urged the students to read those studies, as well as others that purport to show the opposite, with due attention to the scientific reviews thereof, and possible financial links between the researchers conducting them, and such interests as Big Pharma and the Gates Foundation. Prof. Miller followed up by providing the links to the former studies (not easily found on Google, though they have all appeared in reputable medical journals), and other materials, including a video of a debate on the subject.
Of course, the school sided with the Twit-head. The truth has no place in Amerikan higher academia, certainly not in the journalism department. Associate with this idiocy at your own risk.
When, if ever, has concern over the federal debt been a priority?
As the United States continues its struggle with the pandemic-induced economic recession and a sputtering recovery, the country’s burgeoning debt is not anyone’s top concern these days.
Bullshit! The CDC can’t even prove this Coronavirus variant exists. And, can Jay Powell explain why, given the inducement thingy, his cabal was pumping $100 Billion a night into the commercial banks, three months before the first hint of the yet-unidentified virus?
Even deficit hawks are urging a dysfunctional Washington and a chaotic White House to approve another round of badly needed stimulus to the tune of trillions.
Like the virus, these “hawks” have yet to be positively identified.
“The US federal budget is on an unsustainable path, has been for some time,” Federal Reserve Chairman Jerome Powell said this week. But, Powell added, “This is not the time to give priority to those concerns.”
At this point, after so many decades of neglect, the man is correct. This debt, and the other kinds, will never be repaid. Instead, they will be nullified and erased, by someone, sometime. It would be better to do that now, but of course, we still have some hoaxes to play with.
“America” is not the Holy Roman Empire of the 21st Century. America is gone and the US is dying. Take out “Holy” – as there’s little Holy about the US – and the US is the Western Roman Empire in late-stage collapse.
The Holy Roman Empire was finally dissolved when Napoleon, commanding the first modern national army, steamrolled the coalition opposing him at the Battle of Austerlitz in 1805. About half the empire’s territory was folded into a brief “Confederation of the Rhine” French puppet state, and Francis II, the last emperor, abdicated the throne. In western Germany, Napoleon swept away all the feudal cruft and replaced it with his famous legal code, which heavily influenced the subsequent German legal foundation.
That certainly won’t be the fate of America, and of course this analogy is far from perfect in every respect. But the broader lesson is that political systems require maintenance and regular updating to stay on top of the developments of history. A great many holes in America’s national fabric have been left un-patched over the decades. An ever-more extreme conservative party is now exploiting those holes to try to permanently conquer the American republic. They might well succeed.
It’s a hard read to follow – far from perfect, yes – but almost worth it. You see, the Electoral College and gerrymandering did in the HRE. “America” is just the same, but of course, won’t suffer the same fate. A republic…
As will everything else in the decaying Empire. And, if not for tens of trillion$ in nightly funny money, they – many of them – would have already gone under. They should have been allowed to fail 12 years ago. Even The Atlantic senses something is wrong, even as they refuse to fully acknowledge reality.
After months of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these factors are serious and could mire the United States in a deep, prolonged recession. But there’s another threat to the economy, too. It lurks on the balance sheets of the big banks, and it could be cataclysmic. Imagine if, in addition to all the uncertainty surrounding the pandemic, you woke up one morning to find that the financial sector had collapsed.
The virus did it! You will wake up to such a report one day in the future. You’ll also wake up to carriers on the ocean floor. And, one day, you’ll learn that your mighty Empire is being violently fragmented into smaller, warring tribal nations. The Atlantic will have ceased publication by then, but some other bunch of idiots will be there to feign astonishment.
The good news is that this will usher in a needed debt jubilee. The bad news is so many won’t survive to see it.
Gary Barnett on the declining, soon-to-fall, immoral US Empire:
Yes, the American Empire will fall, but it won’t be due to outside threats. It will be due to the abandonment of falsely espoused values, of internal strife and divisiveness, of mass corruption, of political upheaval, of monetary suicide, and of collective immorality. Collectivism breeds empire and allows it to flourish, and because of the loss of individual thought, it becomes the internal disease that leads to the extermination of that empire. This is the real America, not the land of the free and home of the brave, but a collective mob of ignorant sheep awaiting the slaughter due to their own weakness and stupidity.
That’s them, alright. Put that in your constitution and smoke it.
Your failing empire is closer to total collapse than you imagine or think. If fake impeachment hearings as cover for a soft coup that really, honestly just doesn’t matter weren’t enough, then there was this freak in the mix.
Spotted towering over the gray and blue suits packed into the first day of President Donald Trump’s impeachment hearing was an enormous blond wig — that of Pissi Myles, a drag performer from Asbury Park, New Jersey.
This is what has become of the former Nation of America. Please tell me more about that Constitution and “your” Republic. Time is rapidly running out. Arm yourselves now. For what it’s not worth, I was told this thing sashayed right out again upon discovering there were no small children present.
Want to see shit like this for yourself but can’t make it to the District of Corruption? Just take a trip down to the local government school.