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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: Economic collapse

The Great Continuation

13 Monday Mar 2023

Posted by perrinlovett in Legal/Political Columns, News and Notes

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banks, debt, Economic collapse

The Fed and “your” government in DC resort to black magic of all kinds regarding the collapse of the banking industry. Might I suggest a few more sanctions on Russia.

The Great Recession and the financial crash of 2008 never ended. The ill effects were just papered-over, buried under a mountain of new fake debts. I forget how many trillions or tens of trillions of fake dollars were poured into the “very healthy, nothing is wrong!” banks. In the fall of 2019, the scenario repeated when, I forget how many trillions or tens of trillions of fake dollars were stuffed through the repo window. All throughout the Great Hoax, about 75% of the fake “stimulus” money “for the people” went to the banks. I forget how many trillions or tens of trillions of fake dollars that was. So, after, what, 30-50 trillion fake dollars poured in, the banks are still failing? Why and how?

We know. Michael Hudson gives a pretty good summary of why. Karl Denninger goes deeper into the underlying psychology.

The new emergency schemes may work for a few months or even years. But the system is beyond hope. We are in the great financial collapse that will, along with WW3 and Civil War 2.0, undue America. On a selfish personal note, I hope the USG spends all the fake money it can on the banking “recovery” and the too-late rearmament. Some years ago, I noted the regular doubling of the federal on-books debt, and called $40 trillion by 2024. Then, things slowed down. Right now, we’re at about $32 T. There’s still time! Not that it matters. A fix is theoretically possible, though practically impossible. It might look like these three extremely broad points:

  1. Nullify and eliminate all debt. Make any future usurious lending – at any rate – a capital felony;
  2. Return to real money. Make dealing in anything other than real money a capital felony; and,
  3. Execute everyone in power responsible for the current mess.

While we hold our collective breath, we can watch more banks, bailouts, and bullshit.

What Do They Say Now?

12 Sunday Mar 2023

Posted by perrinlovett in Legal/Political Columns

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Tags

Boomers, Economic collapse, SVB, TFB

Here in our most exceptional ‘Murica, the banks are stronger than one could possibly imagine. Please ignore their collapse and the instantaneous deflation of $100 Billion in fake debt-based Monopoly “money”.

Tech executives, former government officials and at least two Democratic lawmakers called for safeguarding depositors with money at stake in the collapse if a buyer for the bank’s assets isn’t found by Monday, arguing that it’s the only way to limit a cascade of bigger problems.

It should be TFB, but we know some kind of welfare solution is in order, given the magnitude of the losses and the international extent of the calamity. Not that anything will work, but, hey. Just the other day I seem to recall Boomers, uppity imperial yankee veterans, and other assholes proclaiming stupidly that the fate of student loan borrowers was not their concern. I wonder what they say now? Or will say once they find out how this predicted collapse affects their wallet? Here’s what I say:

I am not responsible for your fake debt-based mal-investments. I grew up in the Occupied Confederate States of America. My dining habits, Christmas celebrations, and clothing selection choices are none of your business. I fought this evil you endorsed and celebrated for decades. I made it happen. 

Cheery News For The Weekend

04 Friday Nov 2022

Posted by perrinlovett in News and Notes

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Tags

aging, Economic collapse, hoax, justice, Kyrie Irving, plan, truth

And maybe some weekend reading.

Global Societal Collapse

It turns out that the usury and utter destruction of the entire Western economy may have some consequences.

They added that the “extraordinary” period of cheap money is coming to an end and has “made possible a set of outcomes that would be at or beyond the boundaries of the entire post-WWII period.”

The letter said the world is “on the path to hyperinflation”, which could lead to “global societal collapse and civil or international strife.”

How about that?

Beyond Orwellian

I’d never heard of the champion of truth, Kyrie Irving. But the usual suspects are most angry that he refuses to apologize for doing nothing wrong.

It’s somewhat painful, but do watch his modern-day, high-tech lynching/witch trial torture session:

Kyrie Irving addresses the backlash to his recent social media posts after Saturday night's game in Brooklyn. pic.twitter.com/tSuxGrNbbM

— YES Network (@YESNetwork) October 30, 2022

This has gotten beyond ugly. Kudos to Kyrie for standing strong.

Always a Plan

Here’s what might as well be the script for the Great Hoax. They don’t even try to hide what they’ve done.

Much Paper, Big Win

1,000+ pages of “yes, we knew that” from the GOP – go on, hold your breath.

About Right

“Average person believes they hit peak health at 34, began noticing signs of aging at 42.” Yours truly is post-peak and noticing. You?

Heavy Fake Debt Chains

03 Thursday Nov 2022

Posted by perrinlovett in Legal/Political Columns

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Tags

debt, derivatives, Economic collapse

Heavy. How heavy? $2,500,000,000,000,000 heavy. But all of it is fake, nonexistent even. All of it is pure satanic, murderous usury. It will ultimately be great if this is the end of the era.

A slump like no other has arrived.

Better vote really, really hard.

When Was The Last Time You Went INSIDE A Bank?

04 Sunday Oct 2020

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ Comments Off on When Was The Last Time You Went INSIDE A Bank?

Tags

banks, banksters, debt, depression, Economic collapse, Vox Day

January? Last year? Can’t remember? Neither can I.

I do know that the banks I do business have essentially sealed their buildings to the public. The ATM is now and ITM(!) where equipment permitting, you can speak “directly” with a teller. I’ve heard of branch closings. Others have too. Vox Day issues a warning:

Banks don’t make their money from deposits anymore. And increasingly, they don’t make money from loans anymore. So there simply isn’t any point in maintaining branches for service to non-revenue-producing customers who have no savings and can’t take out any more loans.

It’s interesting that they’re trying to sell the real estate, though. That tends to indicate that they need cash. It won’t be even remotely surprising if the next financial crisis starts later this month; I would be very surprised if it didn’t start before the end of 2021.

Read his whole post, including the email. Then reconcile that with what you know about your town, small or large. Does any of this suggest a remotely healthy economy? And it’s been going on since before the last crisis. Banks and mega-corporations now exist by stealing gold and accepting USG/Fed monetary methadone (thanks, GC!). It’s (way past) time for a reset.

Count The Dollars On The Wall

25 Monday May 2020

Posted by perrinlovett in News and Notes

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Tags

America, bars, deep decline, depression, dollars, Economic collapse

A friend is taking his wife to the best beach in America, one I know very well, and they wanted to know some groovy places to visit. Among my recommendations is a honky-tonk, which I describe as a tropical biker bar. It’s a can’t miss kind of place. Previously I’ve left several dollars there. Some of them – more than one – were taken from me, signed by the womenfolk, and stapled to the wall. It’s a popular way to dispose of money; you have surely heard or seen something like it.

Happy tourists, mainly women, leave the bills behind, thinking it’s their permanent contribution to house decor. Then, along comes The Hoax. Those dollars are now in high demand – and not as decorations.

“The lockdown hit us like a tornado,” recalled Newman, 57, who owns the business with her husband. “I felt hopeless and lost, wondering how on earth we could pay the bills and keep staff on the payroll.”

“But here’s the good part of my story,” she added, leaning forward and placing her hands flat on the bar. “I remembered the thousands of one-dollar bills that customers have stapled to the walls over the decades.”

“I asked a few employees and girlfriends to help take them down,” she said with a smile. “It took two full days to finish the job.”

“Split five ways, we each got about $500,” she said. “That includes a woman who had lost two jobs because of the pandemic; a woman with a mother in hospice care, and a mother of three small children going through a divorce. There was also a single dad who needed the cash.”

“Now,” she added, “our goal is to hang on to the place through summer.”

Ladies, you helped fight the “pandemic.” All: How’s that V-shaped thing coming along?

PS: No, the article’s bar isn’t “my” honky-tonk.

PPS: Yes, the title is Statler-esque.

OT PS: Coulter is not wrong with her honest tirade this weekend except that she did it on Trump’s retarded media of choice, Twitbird.

Around the Nation

23 Thursday Apr 2020

Posted by perrinlovett in Legal/Political Columns

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Tags

America, Economic collapse, news, terminal decline

Or, nation-shaped kind of place, that giant mental asylum between Mexico and Canada.

While you shuffled around in your Halloween costume, foraging for toilet paper and trying to stay saaaaaafe, the following was going on:

Enter the Greater Depression;

Orange Man is advised by cartoon character idiots (spacesuits for the sheep!);

In a 100-man Senate, 6 is unanimous. Now, this is the second bailout bill. The one from a few weeks ago just wasn’t enough even though it was the most expensive single-ticket insanity in history. (And, they are already putting the finishing touches on yet another package, likely to be followed by another, then another, etc.). This 6-man, unanimous, quick-n-easy $483 Billion spree amounts to more than the entire federal budget for 1978 ($458 Bn).

An alternate way to spell “U-S-A” is “D-E-A-D.” I look forward to the Fourth of July – provided the country is even moderately open by then – and all the platitudes and songs about freedom and so forth. Okay, for now, everyone stay saaaaaaafe! We’re all in this, like it or not, together. We can beat the invisible enemy, and history, and reality, and even gravity.

 

Time to Dethrone the Elites

17 Friday Apr 2020

Posted by perrinlovett in Legal/Political Columns

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Tags

Economic collapse, elites, Paul Craig Roberts

PCR is on it again, correctly diagnosing the underlying problem and proposing reasonable solutions.

The bank and corporate bailouts are an opportunity to fix the economy in other important ways. In effect, the bailouts amount to nationalization. The government should accept the ownership that it is purchasing. Then the government can break up the “banks too big to fail” and separate investment from commercial banking without having to pass new Glass-Steagall legislation and without having to battle against financial lobbying in Congress. Once broken up, the banks could be sold off. This would take enormous vulnerability out of the financial system and restore financial competition. With corporations in government hands, the jobs could be brought home from overseas. The middle class would be restored.

These measures together with a debt writedown would restore consumer purchasing power. Pent-up demand would propel the economy to higher growth as occurred following World War II.

This is a real solution to a real problem. But with the One Percent in charge of the problem, we are not going to get a real solution. We are going to get more money used to push up prices of financial assets and paper over unsustainable debt and a dying economy with an artificially-inflated stock market.

The elite have failed us too many times. It is time to dethrone them.

It’s worse than feudalism. The feudal lords were obligated to protect and promote their serfs. This is more like old-school American slavery. Land of the fee, home of the slave.

What YOU Voted For

14 Tuesday Apr 2020

Posted by perrinlovett in Legal/Political Columns

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Tags

Coronavirus, debt, deep decline, Economic collapse, hoax, politics, ruination, The People

Congratulations, voters of Amerika! You and your elected morons have done it yet again, though bigger than ever. Remember waaaay back, like a week ago, when your rats passed the biggest welfare bill in history? The one with the massive grant or loan fiasco for small bidnesses? Yeah, it’s already spent, with nothing to show.

One of the most celebrated pieces of the massive $2.3 trillion coronavirus relief package that’s just over two weeks old is on life support with no deal in sight to resuscitate it.

According to the latest projections, the Small Business Administration’s $349 billion appropriation for loans to eligible firms, which are forgiven if they use the money to keep workers on their payrolls, will run out of money by Friday.

And the Democrats want more money to waste. They’ll get it, and, really, why not? A reminder to the Republican, conservative, better than the Democrats, need a business man!! crowd: you got exactly what you wanted and now you’re getting what you deserve.

President Trump, with the support of Congress, is poised to preside over an unprecedented explosion of government spending that already is set to shatter deficit records and could grow further if plans for more coronavirus relief bills — nearing a potential total price tag of $5 trillion — become reality.

Even accounting for inflation, no modern administration has seen such levels of spending, covering everything from FDR’s New Deal to recession-era rescues in the early part of the Obama administration.

Not to worry: you still have your Constitution!*

*Constitution “temporarily” suspended.

Brilliant Economist Notices The Obvious

09 Thursday Apr 2020

Posted by perrinlovett in Legal/Political Columns, News and Notes

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Tags

Economic collapse, Federal Reserve, Jerome Powell, no shit

That Princeton-Georgetown education is really paying off, let me tell you. Fed Chair Jay Powell says we’re going to hell in a handbasket.

Federal Reserve Chair Jerome H. Powell said Thursday the U.S. economy is in an emergency and is deteriorating “with alarming speed.” His remarks came shortly after the central bank unveiled over $2 trillion in new loans to keep the economy afloat as much of the nation goes into a lockdown to fight the spread of the deadly coronavirus.

In totally unrelated news, the long-lost bridge recordings from the SS Edmund Fitzgerald have finally surfaced. On the final log, Captain McSorley is heard saying, “It appears we are taking on water. Therefore, I have directed that the bilge pumps be reversed. The added ballast should surely solve our local emergency.”

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