Why the world is rooted.

[billy the kid]

https://www.zerohedge.com/news/2019-05- ... cord-books

"Inflating the currency can actually drive down interest rates for a while, because the price of money (interest) is lowered by the increased supply of money. This causes people to save less and borrow more, just as Americans have been doing for years. A lot of that newly created money goes into the stock market, driving it higher.

It all looks pretty good, until retail prices start rising as a delayed consequence of the increased money supply, and interest rates skyrocket to reflect the depreciation of the currency.

That's when businesses start failing. Stocks fall. Bond prices collapse. Large numbers of workers lose employment.

Rather than let the market adjust itself, government typically starts the process all over again with a new and larger "stimulus package." The more often this happens, the more ingrained become the distortions in the way people consume and invest, and the nastier the eventual depression.

This is why I predict the Greater Depression will be ... well ... greater. This is going to be one for the record books. Much different, much longer lasting, and much worse than the unpleasantness of 1929-1946."

[billy the kid]

https://www.cnbc.com/2019/05/23/nearly- ... ities.html

"It’s now common to be just scraping by. A majority of Americans have less than $1,000 in savings and more than 70% of U.S. adults say they’d be in a difficult situation if their paycheck was delayed by a week, according to a survey of over 30,000 adults conducted by the American Payroll Association released in September."

Well, this is America...but I wonder what the results would be if such a survey was taken in Australia....
Although when I was a kid, my parents lived from paycheck to paycheck...so nothings changed on struggle street...
Except that we are taxed to the eyeballs now by incompetent governments...
By increasing taxation/introducing new taxes and giving everyone credit cards to try to make ends meet
simply creates a dog chasing its tail syndrome....

Dont ya just love politicians.....

[billy the kid]

https://www.zerohedge.com/news/2019-05-27/us-cusp-war-

In short, this all seems like a pre-planned effort to initiate regime change in Iran. In Trump’s own words after ending the Iran nuclear deal, “The country is devastated… I never knew it would be this strong.” But if Iran is pressured enough into ignoring restrictions and commencing development of nuclear weapons, the US will then have a seemingly viable reason to launch a war on Iran and the neo-cons would then be granted their so-called puppet state in the Middle East. Increasing pressure on Iran is just the beginning.

In essence, this all seems far too similar to Iraq whereby President Bush used the fallacy that Saddam Hussein was keeping weapons of mass destruction in order to lure the American people to his side, but could we really witness a direct repeat here?

Well, it all depends on the amount of influence that Bolton, Pompeo and other war hawks have on the President’s decisions, but thus far that influence appears to be insurmountable.

Of course Halliburton will make a few dollars out of it.....

https://www.irishtimes.com/opinion/how- ... q-1.699255

[billy the kid]

https://www.zerohedge.com/news/2019-06- ... telligence

Yep the world is still rooted....guaranteed by the worlds greatest war monger Pompeo....
Im still wondering who attacked the two oil tankers.....
Maybe it was jesse james...the cisco kid...the sundance kid...billy the kid...
Or maybe it was most pesky iranians....
Who do you think could "seal" the deal.....
Wasnt a false flag now was it......
That might "seal" the deal.......
Get my drift amigos......…

"If there were any lingering hopes that the corporate media learned from its role in perpetuating the lies that led to the 2003 invasion of Iraq and would never again help start a Middle East war on the basis of false or flimsy evidence, the headlines that blared across the front pages of major U.S. news websites Thursday night indicated that such hopes were badly misplaced.
The U.S. military late Thursday released blurry, black-and-white video footage that it claimed — without any underlying analysis or further details — to show an Iranian patrol boat removing an unexploded limpet mine from the Japanese-owned Kokuka Courageous, one of the oil tankers damaged in attacks in the Gulf of Oman."

The footage proves nothing...

[billy the kid]

Why are Australia and the US permitting Japan to enter the military exercises Talisman Sabre...
Why is Japan being invited into this exercise.....and who would a peacetime Japan be allied with
in the event of war...and against whom...China...Russia.....
Why isn't Japan included on the Talisman Sabre website......no mention of Japan...
Of course, the grubberment wouldn't tell us anything...would they....what we dont know wont hurt us......
Keep us in the dark...treat us like mushrooms......
There is absolutely no need for Japan to be included in these exercises......

www.defence.gov.au/Exercises/TS19/

[Wally Raffles]

Why are Australia and the US permitting Japan to enter the military exercises Talisman Sabre...
Why is Japan being invited into this exercise.....and who would a peacetime Japan be allied with
in the event of war...and against whom...China...Russia.....
Why isn't Japan included on the Talisman Sabre website......no mention of Japan...
Of course, the grubberment wouldn't tell us anything...would they....what we dont know wont hurt us......
Keep us in the dark...treat us like mushrooms......
There is absolutely no need for Japan to be included in these exercises......

www.defence.gov.au/Exercises/TS19/

Japan will never ally with China in a War. I don't know about Russia. Japan is reliant on support from the USA so at this point in time, I guess they are an ally so why not invite them to those 'War Games?' I see no harm done. Nothing like the harm done after those Chinese warships sailed into Sydney recently.

[FLEKTARN]

Why are Australia and the US permitting Japan to enter the military exercises Talisman Sabre...
Why is Japan being invited into this exercise.....and who would a peacetime Japan be allied with
in the event of war...and against whom...China...Russia.....
Why isn't Japan included on the Talisman Sabre website......no mention of Japan...
Of course, the grubberment wouldn't tell us anything...would they....what we dont know wont hurt us......
Keep us in the dark...treat us like mushrooms......
There is absolutely no need for Japan to be included in these exercises......

www.defence.gov.au/Exercises/TS19/

Because Japanese are smart. They know they got nothing but pain and suffering from the Yanks so they are turning now. It's happening all over the world. Soon Americans will be isolated from the rest of the world.

And Japan will pretty much align with China and Russia or die. Japan is a weak country with no weaponry. It's also a small island and today's Japanese man is a feminised poofter.

[billy the kid]

"Aussie mortgage arrears rate at its highest since the GFC
Jessica Yun,Yahoo Finance 12 minutes ago

We're seeing the highest rates of mortgages falling behind since the global financial crisis in 2010, but it's not that big of an issue, according to the RBA. (Sources: AAP, RBA)
The number of Australian home owners who aren’t making their mortgage repayments has been steadily rising since 2014.
And now it’s reached fever-pitch.
Reserve Bank of Australia head of financial stability Jonathan Kearns told Canberra today that mortgage arrears are back to levels we haven’t seen in nearly a decade.
“The share of banks' housing loans in arrears is now back around the level reached in 2010, the highest it has been for many years,” Kearns said in a speech at the 2019 Property Leaders’ Summit.

(Source: RBA)
Related story: It’s time to end the “strong economy” propaganda
Related story: Maps: Where mortgage stress is worst in Australian capital cities
Related story: This is a MAJOR sign that the property market is about to hit rock bottom
What does this mean?
Rising rates of mortgage arrears often suggests an economy isn’t doing too well.
“In particular, borrowers can struggle to make their payments if their income falls. Weak conditions in housing markets make it hard for borrowers to get out of arrears by selling their property,” Kearns said.
“Conversely, large increases in interest rates, say to slow an overheating economy, can also contribute to rising arrears.”
But there are other factors at play, too, such as rising unemployment, wage growth (or lack thereof), rising costs of expenses, and even personal misfortune.
The changing of banks’ lending standards also play a part, too, as do rising house prices.
Property expert says Sydney house prices could drop 50%.
The New Investors - Sydney property prices have fallen nearly 11% in the last 12 months, but they could haemorrhage up to 50% before stabilising according to flatmates.com.au founder.
So should we be worried?
The Reserve Bank’s head of financial stability doesn’t seem to think so.
“Housing arrears have risen but by no means to a level that poses a risk to financial stability,” Kearns said.
So long as various economic elements pick back up, the rising rate of mortgage arrears shouldn’t be too big an issue.
“With overall strong lending standards, so long as unemployment remains low, arrears rates should not rise to levels that pose a risk to the financial system or cause great harm to the household sector,” Kearns said.

Should we worry....no...of course not.....everythings going to be ok.......pft....

[billy the kid]

https://www.zerohedge.com/news/2019-06- ... y-mounting

"We were certainly heading for a recession even without these trade conflicts, but without a doubt they have made things substantially worse.
And now is definitely not a good time for a recession, because much of the country is completely and utterly unprepared for any sort of an economic downturn. The following comes from an opinion piece authored by William Spriggs…
One oft-cited statistic points to just how unstable the finances of most Americans are: nearly 40 percent of households could not withstand an unexpected expenditure of $400 — the cost of just one medical bill or car repair.
The most unnerving point to keep in mind is that we are even less prepared for a sudden slowing of the economy than we were before the Great Recession of 2008.
During the relatively stable economic times of the past few years, Americans should have been preparing instead of partying.
But instead, most Americans bought into the myth that our massively bloated debt-fueled standard of living could be perpetuated indefinitely.
So now a crisis is coming which many believe is going to be even worse than what we experienced in 2008, and most of us are going to be completely blindsided by it."

https://www.zerohedge.com/news/2019-06- ... -half-2019
Chinas auto sale have gone down 5% in March a further 14% in April and a further 16% in May
Mays decline was the sharpest ever in Chinas auto industry....

Its coming folks........where did that phrase come from..."conspicuous by his absence"...
still waiting for a comment on this thread by someone from the USA....

[billy the kid]

This week, we have discovered that the mortgage defaults are trending up, unemployment trending up, retail spending has collapsed, 20% decline in shopping mall foot traffic, new car sales are back at 1980 levels, white goods are falling ....

And we have a neo-Liberal govt in Canberra which is insisting that trickledown still works, that water runs uphill and the laws of gravity can be defeated by lies - Morrison has stated that he will NOT engage in any Keynesian stimulus, instead, the "Tax cuts will pay for themselves" even though, worldwide, there has never been a single instance where tax cuts have "paid for themselves" by stimulating growth.

The most recent experiment - by Trump - saw massive tax cuts to the rich. There has been no increase of jobs or investment. The money has simply been pocketed.

The tsunami is coming ... Australian cap-city housing will be crushed - the investors have fled and will exit in waves as the recession starts to bite - the Chinese buyers are gone - credit has been tightened - the only buyers are the "1st home buyers" and they are all on minimum wages - a combined income of $120k will support a $400k mortgage - 50% of current entry prices - that is how far the housing will drop.

Of course, if you are a Liberal voter, feel free to ignore everything and deny deny deny.

https://www.smh.com.au/politics/nsw/rea ... 51yy8.html

Interesting to see how politicians continue to lie to the peasants...