Thursday, April 29, 2021

Mainstream Media Reports US Economy Soars 6.4% In First Quarter- Reality Is A Continuation Of Empire Collapse

Just a quick comment on GDP and employment numbers reported this morning.  

GDP was reported up $544 billion in the first quarter.  Yet, government transfer payments in the first quarter were up $2.3 trillion.  That means the economy actually collapsed in the first quarter (annualized rate down nearly $8 trillion) without back door bailouts to corporations in the form of transfer payments to American citizens.  Remember, US citizens then turn around and use that money to pay their debts to corporations and to buy goods made by corporate capitalism.  Otherwise, we’d be seeing companies fall like dominos or shrink massively in size.  (That’s still going to happen as a long time thesis I’ve written about on here. The Federal Reserve and our corporate devoured government can’t create illusions forever.)

The real unemployment numbers including pandemic unemployment relief reported today are nearly 700,000 new unemployment claims.  For one week!  That includes both traditional unemployment as well as pandemic relief.  In other words, the economy is still imploding and if it weren’t for trillions of free money inserted in every orifice, we’d likely be in the midst of a revolution or collapse of society or both.  The US has really two choices.  One, it must repatriate US private capital that is devouring the world or it can continue its arrogance and hubris and hold onto corporate capitalist empire and ride it until it meets its own fate as determined by capitalism’s endless contradictions.  The hubris and arrogance of US society(In the form of behavior of citizens, corporate executives/politicians/military drunk with power) is palpable so we can expect the latter. 

I’ve noted on here the real unemployment rate is much higher than reported by either U3 or U6 government statistics.  Two research firms, ShadowStats and Ludwig have reported the true unemployment rate in the US is around 25%.  But, government statistics don’t capture much of anything beyond a year unemployment.  Ludwig goes even further in its research and states that 50% of Americans live on less than $20,000 per year.  That number could be off by 50% and still be staggering.  Anyone who doesn’t live in a gated community can see entire swaths of the US look like bombed out third world countries. That data puts the US right up there with other economic superpowers like Mexico, Kenya and Bangladesh.  Biden talked last night about the number of jobs created since he became president as a record. Well, that’s because we had 30 million people (government numbers) out of work and the US has spent nearly $40 trillion since 2008 propping up Wall Street that has misallocated hundreds of trillions of dollars of capital over the last forty years. (The $29 trillion in 2008 I have reported in prior posts plus massive Federal Reserve bailouts in every year since 2008.) 

The US corporate state doesn’t give a shit about poor Americans.  Anyone who doesn’t directly contribute to corporate and investor profits is thrown to the world of despair and chance.  And, we train our citizens to yell “get a job” at anyone who isn’t serving the corporate state.  It has been this way since Reagan took office and replaced democratic government policy with throwing Americans to private capital and telling them to sink or swim.  The poverty and despair in this nation is incredible.  That the government is now handing money to people left and right should be because we live in a democracy where our mutual fates are intertwined and we care about our fellow man.  But, make no mistake, if corporations weren’t on the verge of collapse, the government wouldn’t be helping people with anything. Just as they haven’t for the last forty years.  Well, just as they haven’t for most of our history. 

What people don’t understand is who this hurts the most.  It’s China and global markets.

posted by TimingLogic at 12:00 PM

Wednesday, April 21, 2021

The Underlying Global Financial System And Global Economy Are In Serious Trouble

I want to put a place marker in here in case I don’t get any posts up within the next two weeks.  I’ve written for the last decade of three future dates that hold significance with regards to the devolution of this cycle with the final one being 2022; where I anticipated the US to lose its empire.  The roar is deafening right now that the US economy is going to explode higher and there have even been magazine covers recently comparing the next ten years to the roaring twenties of one hundred years ago. The US financial media, the US financial system, the economics profession and political governance in this nation are all filled with gross incompetence and institutionalized fraud on a scale that rivals the most horrendous examples of such societal risk and instability in human history.  Don’t kid yourself.  It’s no better anywhere else.  US empire has made the world in its image just like the Roman Empire.

The economic and financial worlds are likely entering a phase of risk not seen in the history of human civilization. And, as noted in one of my first posts sixteen years ago, when this cycle ends and US empire ends, the entire world will literally shudder and shake.  Cracks are starting to show and I expect the early effects of 2022 could start to reveal themselves as early as May of this year.  China and Asia’s credit default swaps are starting to rise (The Chinese economy like the US, EU and other corporate capitalist economies is a train wreck), global currencies have been falling against the dollar for years and many have started crashing against the dollar (those predicting the collapse of the dollar have absolutely no idea how the global economy works), short term rates (a sign of distress) have reached their lowest levels and the US banking system is a disaster regardless of the profits just reported by Wall Street. (Their core business is a disaster that has been bailed out and shoved full of continuous liquidity since the 2008 collapse and banks are minting money destroying the US economy and our society via corrupt financial trading (rigging/stealing), underwriting massive toxic investment banking and IPOs and destructive mergers & acquisitions.)

The US, and by extension, global financial system is a Ponzi scheme of the worst kind.  And, it has been building since the corporate takeover of our society more than a century ago. 

Just a reminder that one of the outcomes I am anticipating (with substantial analysis behind it), is that the stock market very well could disappear. And, that quantitative finance has left nothing more than mega corporations batting bets back and forth with quadrillions of dollars of useless paper derivatives. All enabled by endless non-economic Federal Reserve liquidity first provided under Reagan’s criminal tenure.  This and other dynamics could make stock market redemptions under major duress a near impossibility.  In other words, the last remaining mechanism that has propped up corporate capitalism, the illusion of paper wealth in the stock market, gives an appearance, but actually may become unredeemable under duress.  I’m not stating this will happen, but mechanics make it a possibility.

More on all of this in promised upcoming posts. 

posted by TimingLogic at 7:46 PM

George Floyd And The Tyranny of The Corporate State’s Law & Order

I want to remark about a few words regarding George Floyd.  Parts of the establishment system has done everything possible to demonize him. Then I saw Nancy Pelosi yesterday remark that George Floyd died for justice.  Well, I would say he died for the injustice of our society and people like Nancy Pelosi who created and enforced its order.  George Floyd is a microcosm of the cruelty of our society.  A society where the lives of millions are tossed away with nary a thought.  A society that devours the entire world and will destroy any and all life in it for the sake of private capital’s profits. 

In order to really appreciate what is going on, one needs to have a perspective that is never discussed by any mainstream news source.  First off, law and order is code word for establishment tyranny.  The Nazis loved law and order.  The British Empire loved law and order.  Corporations and ruling elites love law and order.  They created it. And, they fund the police state to enforce it.  Law and order is not the same as the rule of law based on natural rights or rights granted by our Creator as discussed ad nauseam on here. Law and order is whatever force is necessary to maintain the existing often rotten and outright evil power structure.  To appreciate this, corporations have won upwards of 90% of the speech laws in this nation.(Winkler) And, as a result, they have written most of the law and order legislation in this nation to protect private capital while it devours democracy.  To be honest, I could care less about law and order. I’m much more of a chaos person. One who supports lack of conformity to law and order and the freedom of human expression and community that comes with it.  I care about the rights of individuals as granted by our Creator; natural rights and the rights of the community or common good.  Those words scare the shit out of the establishment because the two are most often diametrically-opposed. So, when Trump stood up last year and squealed about law and order, it was reminiscent of every puppet government in history that has exploited humanity.  But his followers lapped it up.  The establishment was more worried about the very uncommon burning of private property when it could have cared less about George Floyd or anyone else who didn’t serve its profit motives. Ever. In the history of our nation.  People were in the streets revolting because private property is and has always been valued more than their lives. Torching private property is a manifestation of this feeling that so many have.  This store or that person’s wealth is more important than I am in the eyes of society and the law.  I don’t endorse any of that behavior but I certainly empathize with how many feel the impulse to do so. 

Additionally, as written countless times on here, the US is a police state.  The US spends more on domestic law enforcement than any other nation spends on their military. That includes China. And, our prison population dwarfs the world’s.  Must anyone even ask why this is so?  Because corporate capitalism needs the state to enforce its violence against humanity to survive; again discussed on here many times.  How else would private capital devour democratic government, natural rights, community and the dignity that comes with them?  It is a natural right or right granted by our Creator to be able to partake of the fruits of the earth, including everyone having their own shelter. A participatory, democratic society would embrace these values and allow all who wish to participate to be granted those rights.  Yet, private capital, lays claim to all of the land and its resources and forces humanity to buy it back at a profit.  That is the foundation of economics.  Let the corporate state or the ruling elites steal, through law and order, everything from humanity and sell it back to them at a profit. And, if possible, for the collection of rent in perpetuity.  Don’t kid yourself that it’s any different than that.  The police exist to enforce the establishment. They are there to protect the theft of labor and property rights of the ruling elites.  And, anyone who understands anything about history, should easily understand this going all of the way back to ancient times. I’m not talking about property rights as a meager home someone may rent from the state. (And, you NEVER own your home. You rent it.  Even when paid off, taxes, financial judgments, unpayable debts, unpayable healthcare bills, etc ensure that fact.)

So, while we certainly shouldn’t abolish the police, we need to understand the limits of their usefulness to democracy and how they should be deployed differently than in the past. Deployed to maintain civility and to capture violent offenders like corporate capitalists who rob humanity blind and, as a result, create a society where poverty, inhumanity and the laws of the jungle, social Darwinism turn people into animals who are focused on survival. 

Certain personality types are drawn to the power of law enforcement. Many are dangerously unpleasant. How else would police have been able to manipulate the laws so they are able to regulate their own actions without citizen oversight. As Thoreau noted, most people including law enforcement serve the state as they would serve the devil.  I’ve noted ages ago this needs to change and law enforcement needs to be accountable to citizens.  And, because our dystopian corporate society has devolved into the depths of social violence, we need law enforcement. But, they should be trained with different skillsets, serve different laws and have psychologists and counselors take certain types of calls with them. And, the intent of that call should not be to create greater tension, to use force or violence or to escalate the situation as happens all too often today. Do law enforcement officers have the right to defend their lives? Certainly. But, they have become part of the dystopian jungle of social Darwinism and are often a large part of the problem.  Law enforcement in the US is too often not serving communities, citizens or democracy but rather serving the corporate state.  That needs to change. 

Few in America really have any idea what is happening to our society.  It has absolutely nothing to do with anything being reported by any news source.  Those that push the false left-right narrative, that I’ve remarked for a dozen years is going to collapse this cycle, and the useful idiots who blindly follow them, are diddling while the contradictions of corporate capitalism crumble before our very eyes.  Rome burns while the establishment is engaged in their power games.  The underlying dynamics of our society have absolutely nothing to do with the bickering and fighting between power structures seeking to “take out” each other.  Or, gain an upper hand. I have to laugh at the idiocy that communists are driving BLM. Since McCarthyism cancelled the left more than half a century ago, no one in this nation dare think or ever associate with anything other than the free market where human beings are bought and sold into day labor slavery.  No, what is really driving the riots in the streets is that Black Americans are on the low end of the totem pole and often have no purpose in life other than to subsist at the level just above death.  And, they have no more in common with the founder of BLM, who is now cashing in on her corporate entitlement, than poor and working class white Americans have in common with corporate executives and Fox News; although countless millions of minions mindlessly serve both. 

There are tens of millions of people in this nation who serve little, if any, purpose to investor profits.  The disposable society I have written so much about.  If one doesn’t serve private capital’s relentless drive for profits, they are thrown away. Veterans, the poor, anyone who cannot find living wage work, entrepreneurs, small business owners, anything that has to do with public policy or democracy, etc.  But, those who serve private capital are the most successful in our society.  Those that work for investor-owned corporations, Wall Street, political stooges, the war state, etc.  They do the bidding of evil.

I cannot believe so many Americans support a system where the government, which is supposed to be the will of the people, (and tells us something about the morality of voting Americans) literally throws people into the clutches of private capital, where there are no Constitutional rights nor rights granted by our creator, and told to sink or swim.  Throw yourselves onto the alter of the profit gods and mammon.  History will look back on the United States as the most powerful nation ever yet one that enslaved and literally murdered humans in droves as they fall upon the alter of profits.  That includes American citizens who die from the diseases of poverty and exclusion as well as those around the world who seek to chart a self-determined path and thus feel its wrath and judgment. 

What kind of world exists where every citizen in our nation and every nation in the world is forced to compete for private capital and profits to simply survive?  Is it any wonder the US is at war with the world?  Serve the interests of private capital or feel its wrath.  It’s literally the same as every empire.  When is peace, harmony and sustainability possible under a system where everyone in the world has to compete against his fellow man for survival?  The system American voters continue to support regardless of whether it’s the Democratic or Republican wing of the corporate party.

I’ll tell you what kind of world.  A world in which George Floyd lives.  A world without a common good, a social contract or a breath of humanity.  George Floyd fell through the cracks because there is no will or money or public policy (democracy) to catch him from falling into the gutter of human despair.  George Floyd may have been a drug addict. He may have had a police record.  But, he was someone’s son. And, there are millions more where he came from. 

We will continue to devolve into greater and greater violence that requires greater and greater force.  Because as noted endlessly on here, corporate capitalism is a control system that requires these dynamics to maintain its grip on humanity.   It should be of no surprise that it appears the law and order forces of the state appear to be responding with greater and greater force to maintain the corporate state’s death grip on humanity.(Link) The corporate state must continue to cancel any dissent if it is to survive.

posted by TimingLogic at 2:04 PM

Monday, April 12, 2021

A Rigorous NIH Epidemiological Review Of CV19 Vaccine Efficacy Shows A Much Different Conclusion Than Corporate Science and Corporate Media

I’ve talked about risk a lot on here. It’s a scientific discipline that really seems dead in our culture.  Someone I respect very much sent me towards this epidemiological analysis. I thought I would post it.  Most people either aren’t going to understand much of the jargon or aren’t going to tread through its technicalities.  Be patient. It’s a worthy read. You’ll need to have a remedial understanding of relative and absolute risk reduction and number needed to vaccinate to prevent a single infection.  The paper provides that.  Let me provide a little guidance to simply peruse the initial baselining of terms and explanations in the report and then focus on the discussion and conclusion sections. Regardless of your understanding of statistics or industry-specific terminology, you’ll be able to clearly understand these important sections.  

The net is that CV19 vaccine absolute risk reduction was not provided nor is not being reported.  And, it’s very different than what is being pushed by the establishment. The author concludes in more technical terms than I’m going to state that the public has been misled in a breach of scientific ethics.  No surprise here. A long-time thesis on here is that true science is dying courtesy of the corporate state.

I don’t chalk this up to conspiracy or some boogeyman out to get us.  Corporate capitalism is working exactly as it should; virtuous (ahem) self interest.  It’s simply a reflection of a society and democracy devoured by corporate capitalism. There’s no profit in identifying standardized treatments, foods or minerals to then use that data to determine who really needs a vaccine.  But, there’s upwards of hundreds of billions of dollars of global profits vaccinating anything that moves, including small children, pets, etc.  The data for any contrary analysis was never developed, not because of a boogeyman out to get us but because our system only operates on one incentive mechanism- investor profits.   Politicians and doctors as a generalization certainly don’t understand any of the analysis reported in the below link. But, they are good at doing what they are told by corporations; that’s their normal course of action every single day.

Link here.

posted by TimingLogic at 1:48 PM