(03-01-2017, 06:11 PM)Ragnarök_62 Wrote: > Ahem, stop being such a butterball John.

(03-01-2017, 06:11 PM)Ragnarök_62 Wrote: > How about all of those Boomer Wars of Choice? What about the
> blood and treasure y'all Boomers wasted on that stuff. Tongue And
> , I'm gonna do some victim blaming here as well 'cause y'all
> deserve some of that. So... what happened to the "if it's too
> good to be true, then it's a scam?" That means that if I'm to
> believe what you're writing on this subject, then ALL Silents and
> Boomers were such rubes. Surely not John? And of course not all
> X'ers were scammeisters.

(03-02-2017, 12:14 PM)John J. Xenakis Wrote: Nobody's excusing the Boomers of anything.  What I'm angry about is
that you Gen-Xers are trying to excuse the Gen-Xers of everything.  We
Boomers like to see people punished when crimes are committed.  But
Gen-Xer banksters caused millions of evictions and bankruptcies, and
all that Obama said was, "Oh, you poor Gen-Xer banksters are just
victims.  Just donate a few billion dollars of your illegally gotten
money to my campaign, and we'll just forget the whole thing, and you
can go on and defraud other people, provided that you keep donating to
my campaign."  Which is what they did in the libor, forex and other
Gen-X schemes.  So call me whatever names you want, but I think that a
lot of these banksters should be in jail.

(02-28-2017, 07:25 PM)John J. Xenakis Wrote: Actually, what would really happen is that at the first hint that the
US was deserting Taiwan, Congress would be outraged, Australia would
completely freak out, and Britain and India would soon follow, along
with Japan.  The US would quickly have to back down, just as Trump did
after calling Nato obsolete.  This is the "stable equilibrium"
that I was writing about yesterday.

(03-02-2017, 12:14 PM)John J. Xenakis Wrote:

(03-01-2017, 06:11 PM)Ragnarök_62 Wrote: >   Ahem, stop being such a butterball John.

What does this mean?

From Urban Dictionary: A girl who is overweight, if not obese, with a
short, round build. She rounds out in the belly with small breast, if
any at all, formed from excess body fat, packed into too-small a
wardrobe. This makes her look like the packaged Butterball turkeys so
many of us enjoy over the holidays. Butterball turkeys can often be
found basted in their own cheap liquor. That Butterball turkey stole
my shirt and stretched it! Now it smells like $5 wine!
http://www.urbandictionary.com/define.php?term=Butterball%20Turkey

A couple of days ago I posted a list of the names people call me.  I'd
add "butterball" to the list, but I don't know what to make of it.
What message are you trying to send me?

(03-01-2017, 06:11 PM)Ragnarök_62 Wrote: >   How about all of those Boomer Wars of Choice?  What about the
>   blood and treasure y'all Boomers wasted on that stuff. Tongue And
>   , I'm gonna do some victim blaming here as well 'cause y'all
>   deserve some of that.  So...  what happened to the "if it's too
>   good to be true, then it's a scam?"  That means that if I'm to
>   believe what you're writing on this subject, then ALL Silents and
>   Boomers were such rubes.  Surely not John?  And of course not all
>   X'ers were scammeisters.

Nobody's excusing the Boomers of anything.  What I'm angry about is
that you Gen-Xers are trying to excuse the Gen-Xers of everything.  We
Boomers like to see people punished when crimes are committed.  But
Gen-Xer banksters caused millions of evictions and bankruptcies, and
all that Obama said was, "Oh, you poor Gen-Xer banksters are just
victims.  Just donate a few billion dollars of your illegally gotten
money to my campaign, and we'll just forget the whole thing, and you
can go on and defraud other people, provided that you keep donating to
my campaign."  Which is what they did in the libor, forex and other
Gen-X schemes.  So call me whatever names you want, but I think that a
lot of these banksters should be in jail.

• Australia-US refugee swap deal appears to be faltering
  
• Australia and Germany paying asylum seekers cash to return home
  

• Trump will honor Australia refugee deal, despite calling it 'worst deal ever' (06-Feb-2017)
  
  
• Hundreds of Australian migrants to be resettled in the United States (11-Nov-2016)
  
  
• Australia to send 'boat people' to Papua New Guinea (21-Jul-2013)
  

(03-02-2017, 03:38 PM)Cynic Hero 86 Wrote: > Trump is merely biding his time with regards to dismantling NATO
> and reducing US participation in the UN. He will revisit that
> issue again that I am certain. The boomer establishment will not
> succeed in forcing the normalization of globalism as the 4T
> "crisis state" policy lexicon.

(03-02-2017, 05:53 PM)Ragnarök_62 Wrote: > 1. |Butter balls.
> http://allrecipes.com/recipe/10219/nut-butter-balls/ : a term of
> "mushy sentimentality". A rough translation of being unreasonably
> idealistic despite the fact that reality can indeed, bite.

> 2. Uh, banksters, yes, I agree. All banksters, regardless of
> generation, should not have been bailed out. I agree things should
> have been handled like the S&L crisis, FWIW. So, I suppose we
> agree that banksters belong in Pelican Bay prison, to be the
> bitches of bubba. OK?

(03-03-2017, 12:16 PM)John J. Xenakis Wrote:

(03-02-2017, 03:38 PM)Cynic Hero Wrote: >   Trump is merely biding his time with regards to dismantling NATO
>   and reducing US participation in the UN. He will revisit that
>   issue again that I am certain. The boomer establishment will not
>   succeed in forcing the normalization of globalism as the 4T
>   "crisis state" policy lexicon.

Such child-like faith in a politician.  I'm touched.  Trump has
already flip-flopped on many campaign promises.  The same will be true
of the ones about Nato and UN.  Trump is the same as Obama and every
other politician.  The only difference is that he'll use different
excuses.  Thus, it wasn't a "promise," it was a "negotiating
position."  And it wasn't a "flip-flip," it was a "deal."  He can
write another book, "The Art of the Politician."

(03-03-2017, 04:18 PM)Cynic Hero 86 Wrote: > Time and time again you suggest that the goverments in Russia and
> China would adopt increasingly nationalistic policies driven by
> their younger generations. Yet you are somehow confident that the
> governments in the US, Europe, The Americas and Oceania would keep
> pluralistic and globalistic policies even though the younger
> generations in the west also propose centralized nationalistic
> states.

(03-03-2017, 12:19 PM)John J. Xenakis Wrote:

(03-02-2017, 05:53 PM)Ragnarök_62 Wrote: >   1. |Butter balls.
>   http://allrecipes.com/recipe/10219/nut-butter-balls/ : a term of
>   "mushy sentimentality". A rough translation of being unreasonably
>   idealistic despite the fact that reality can indeed, bite.

>   2. Uh, banksters, yes, I agree.  All banksters, regardless of
>   generation, should not have been bailed out. I agree things should
>   have been handled like the S&L crisis, FWIW. So, I suppose we
>   agree that banksters belong in Pelican Bay prison, to be the
>   bitches of bubba.  OK?  

I never used to be particularly sentimental, and as I've become
increasingly ancient, I've also become increasingly cynical rather
than sentimental.  Go figure.

• Champagne corks pop as a 'Trump rally' sends Wall Street stocks parabolic
  
• End of debt ceiling suspension on March 15 signals new Washington fiscal crisis
  
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• Explanation of Price/Earnings ratio and Stock Valuations (28-Aug-2015)
  
  
• S&P 500 Price/Earnings ratio rockets to highest value in years (23-Apr-2016)
  
  
• Wharton School's Jeremy Siegel is lying about stock valuations (14-Apr-2012)
  

• Mainstream economists are oblivious to the velocity of money (30-Jan-2016)
  
  
• The bubble that broke the world (09-Oct-2007)

• Malaysia expels North Korea's ambassador Kang Chol
  
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John Wrote:*** 4-Mar-17 World View -- Champagne corks pop as a 'Trump rally' sends Wall Street stocks parabolic



****
**** Champagne corks pop as a 'Trump rally' sends Wall Street stocks parabolic
****


S&P 500 Price/Earnings ratio at 24.90 on March 3, indicating a huge and growing stock market bubble (WSJ)

The Dow Jones Industrial Average has exploded upward some 2,000 points
since the November 8 election, leading analysts to refer to it as "the
Trump rally."  The increase was infectious, and stock markets in
Europe and Asia also surged.  President Donald Trump tweeted on
Thursday, "Since November 8th, Election Day, the stock market has
posted $3.2 trillion in gains."  It's believed that investors are
reacting to Trump's promises to promote job growth with huge
infrastructure spending and deep tax cuts to individuals and
corporations.

<snip>
The huge stock market rise over the past few years hasn't made much
sense from a fundamental point of view, in view of the meteoric S&P
500 price/earnings index, and the recent further parabolic climb makes
even less sense.  Even bullish analysts are saying that the stock
market is way overdue for a correction.  Whether the stock market
continues, its parabolic climb, or has a small correction, or finally
has its expected major stock market panic remains to be seen.
Nikkei and David Stockman interview

• Explanation of Price/Earnings ratio and Stock Valuations (28-Aug-2015)
  
  
• S&P 500 Price/Earnings ratio rockets to highest value in years (23-Apr-2016)
  
  
• Wharton School's Jeremy Siegel is lying about stock valuations (14-Apr-2012)
  

Quote:****
**** End of debt ceiling suspension on March 15 signals new Washington fiscal crisis
****

A law passed in 1917 places a limit on the amount of money that the
United States government can borrow.  This amount is known as the
"debt ceiling" or "debt limit."  When government debt reaches the debt
ceiling, then it can no longer borrow money to spend, until Congress
passes a law raising the debt ceiling to a higher value.  In extreme
cases, the government has to shut down completely.

Every couple of years the debt ceiling has to be increased, and
there's a new political battle in Congress usually involving several
forms of extortion by both parties over what other spending programs
will be in the same bill as the debt ceiling increase.

Anyone who follows the political news will recall many well-publicized
debt ceiling crises, starting with the 28 day government shutdown in
1995.  Recently, there have been debt ceiling crises in August 2011,
and January 2013.

You may wonder, Dear Reader, why there have been no debt ceiling
crises since 2013.  The answer is that both parties decided in 2015 to
prevent a new debt crisis during the election campaign of 2016.  So in
October 2015, they passed a bill suspending the debt ceiling, allowing
the Obama administration to spend as much money as it wanted.

Well, that debt ceiling suspension had an end date: March 15, 2017.
On that date, whatever the current debt is of the government, that
will be the new debt ceiling.  That amount is approximately $20
trillion.  In other words, within two weeks, the government will no
longer be able to borrow money, until Congress passes a new bill to
raise the debt ceiling.

The government can take "extraordinary measures" to keep running
without borrowing more money: not make payments to states, not pay
contractors, not pay bondholders, not pay Social Security, not pay tax
refunds, and so forth.  This will cause a great deal of pain to the
people who don't get paid, but the government can keep running.  But
estimates are that even these measures will run out in October or
November.

So Congress's agenda for this summer will be: repeal and replace
Obamacare, costing hundreds of billions of dollars; past a $1 trillion
infrastructure bill; pass hundreds of billions of dollars in corporate
and individual tax cuts; and oh, by the way, increase the $20 trillion
debt ceiling to something a lot higher.  CNBC and CNN and
Washington Examiner

Quote:****
**** The velocity of money keeps plummeting, indicating no economic growth
****

Back in the 1980s and 1990s, politicians could always count on having
their debts and spending programs bailed out by economic growth.
Politicians are expecting the same thing today.  All they talk about
is how they will spend money to grow the economy, and the economic
growth will wipe out the debt.  It's a fairy tale that used to work at
the end of the last century, in a generational Unraveling era, but
stopped working about 13 years ago when we entered a generational
Crisis era.

What nobody wants to talk about is the velocity of money.  This
indicates the rate at which people are willing to spend money.  You
can't have economic growth if people aren't willing to spend money,
which means that the velocity of money would have to increase.
Instead, we have this:


Velocity of money, 1919 to 2017 (St. Louis Fed Fred Graph #366117)

When the real estate bubble burst in 2007, and the financial crisis
occurred, millions of people went bankrupt or lost their homes.  At
that point, people stopped spending money.  They used what money they
had to pay off their debts and save money.  As a result, the velocity
of money has continued to fall steadily since then, just as it did
during the Great Depression and World War II.

That's the reason why there's been on economic growth in over eight
years, and why there won't be any substantial economic growth for the
foreseeable future.

Investors who are pushing the stock market to new parabolic heights
are completely oblivious to the fall in the velocity of money, and in
fact have the vaguest clue what it means.  Similarly, they're
oblivious to the debt ceiling crisis that's approaching

And in news on Friday, Federal Reserve Chairman Janet Yellen indicated
that the Fed may increase interest rates on March 15.  It's the Fed's
easy money policy that has been funding the stock market surge, so
chalk this up as one more risk factor for the stock market as the
summer approaches.  Dow Jones

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