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We Are Getting Very Close To An Inverted Yield Curve – And If That Happens A Recession Is Essentially Guaranteed

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If something happens seven times in a row, do you think that there is a pretty good chance that it will happen the eighth time too?  Immediately prior to the last seven recessions, we have seen an inverted yield curve, and it looks like it is about to happen again for the very first time since the last financial crisis.  For those of you that are not familiar with this terminology, when we are talking about a yield curve we are typically talking about the spread between two-year and ten-year U.S. Treasury bond yields.  Normally, long-term rates are higher than short-term rates, but when investors get spooked about the economy this can reverse.  Just before every single recession since 1960 the yield curve has “inverted”, and now we are getting dangerously close to it happening again for the first time in a decade.

On Thursday, the spread between two-year and ten-year Treasuries dropped to just 79 basis points.  According to Business Insider, this is almost the tightest that the yield curve has been since 2007…

The spread between the yields on two-year and 10-year Treasurys fell to 79 basis points, or 0.79%, after Wednesday’s disappointing consumer-price and retail-sales data. The spread is currently within a few hundredths of a percentage point of being the tightest it has been since 2007.

Perhaps more notably, it is on a path to “inverting” — meaning it would cost more to borrow for the short term than the long term — for the first time since the months leading up to the financial crisis.

So why is an inverted yield curve such a big event?  Here is how CNBC recently explained it…

An inverted yield curve, which has correctly predicted the last seven recessions going back to the late 1960’s, occurs when short-term interest rates yield more than longer-term rates. Why is an inverted yield curve so crucial in determining the direction of markets and the economy? Because when bank assets (longer-duration loans) generate less income than bank liabilities (short-term deposits), the incentive to make new loans dries up along with the money supply. And when asset bubbles are starved of that monetary fuel they burst. The severity of the recession depends on the intensity of the asset bubbles in existence prior to the inversion.

What is truly alarming is that the Federal Reserve can see what is happening to the yield curve, and they can see all of the other indications that the economy is slowing down, but they decided to raise rates anyway.

Raising rates in a slowing economy is a recipe for disaster, but the Fed has gone beyond that and has declared that it intends to start unwinding the 4.5 trillion dollars of assets that have accumulated on the Fed’s balance sheet.

Janet Yellen is trying to tell us that this will be a smooth process, but many analysts are far from convinced.  For instance, just consider what Peter Boockvar recently told CNBC

“They desperately want this to be an easy, smooth, paint-drying type of process, but there’s no chance,” said Peter Boockvar, chief market analyst at The Lindsey Group. “The whole purpose of quantitative easing was to inflame the markets higher. Why shouldn’t the reverse happen when we do quantitative tightening?”

I hope that there are no political motivations behind the Fed’s moves.  During the Obama era, interest rates were pushed all the way to the floor and the financial system was flooded with new money by the Fed.  But now the Fed is completely reversing the process now that Donald Trump is in office.

When the inevitable stock market crash comes, Trump will get most of the blame, but it will actually be the Federal Reserve’s fault.  If the Fed had not injected trillions of dollars into the system, stocks would not have ever gotten this high.  And now that they are reversing the process that created the bubble, a whole lot of innocent people out there are going to get really hurt as stock prices come crashing down.

And if you thought that the last recession was bad for average American families, wait until you see what happens this time around.  As Kevin Muir has noted, it is utter madness for the Fed to hit the breaks in a rapidly slowing economy…

There are a million other little signs the US economy is rolling over, but that’s not important. What is important is the realization that until financial conditions back up, the Fed will not ease off the brake.

To top it all off, the Fed is not only braking, but they are also preparing the market for a balance sheet unwind. This is like QE in reverse.

It’s a perfect storm of negativity. An overly tight Fed that is determined to withdraw monetary stimulus even in the face of a declining economy.

Even if the Fed ultimately decides not to unwind their balance sheet very rapidly, rising rates will still significantly slow down economic activity.

Rising mortgage rates are going to hit the housing market hard, rising rates on auto loans are horrible news for an auto industry that is already having a horrendous year, and rising rates on credit cards will mean higher credit card payments for millions of American families.

And this comes at a time when indicator after indicator is already screaming that the next recession is dead ahead.

Today, an unelected, unaccountable central banking cartel has far more power over our economy than anyone else, and that includes President Trump and Congress.  The more manipulating they do, the bigger our economic booms and busts become, and this next bust is going to be a doozy.

There have been 18 distinct recessions or depressions since the Federal Reserve was created in 1913, and if we finally want to get off of this economic roller coaster for good we need to abolish the Federal Reserve.

As many of you may have heard, I am very strongly leaning toward running for Congress here in Idaho, and one of the key things that is going to set me apart from any other candidate is that I am very passionate about shutting down the Federal Reserve.  I recently detailed why it is imperative that we do this in an article entitled “The Federal Reserve Must Go”.  Central banks are designed to create government debt spirals, and the size of the U.S. national debt has gotten more than 5000 times larger since the Fed was initially established.

If we ever want to do something about our national debt, and if we ever want to get our economy back on track on a permanent basis, we have got to do something about the Federal Reserve.

Anyone that would suggest otherwise is just wasting your time.

 
  • GSOB

    It’s about time… Thanks M.S.

    • SoCalBeachDude

      Yes, it is about time that the Federal Reserve once again increased the only 3 interest rates they set, and they are now on path to increase them two (2) more times this year while they work on shrinking their balance sheet by around 50% by the end of 2018.

  • aldownunder

    Anyone that would suggest otherwise is just wasting your time.

    = socalbeachdude……… been wasting everyone’s time and a lot of comment space

    • GSOB

      Prov. 17:10

      • aldownunder

        ????

        • GSOB

          But not all “fools” are alike.

      • Thanos

        Avengers: Infinity War 4:25:2018

        • GSOB

          Man’s neglect of God’s favour and his own interest is very absurd.

          • SnodtBlossom

            there is no god

          • Duncan

            SoCalJackass agrees.

          • GSOB

            Zechariah 3:9

            Zechariah 4:10

            Revelation 5:6

          • Gay Veteran

            parrot

          • LIZ THE SHIZ

            The Last Jedi 12:17:2017

      • PocoPete

        A rebuke impresses a discerning person more than a hundred lashes a fool.

    • df NJ

      I like what SoCalBeachDude has to say. I just don’t like his arrogance when he does it.

    • SoCalBeachDude

      Absolutely false and very stupid assertions from you.

  • Ezekiel James Bushmills

    I predict that If Illinois does not get its act together by July 1 the collapse will come before September

    • TOUJOURS DEMAIN

      You were smart not attaching a year to that September date.

      • aldownunder

        nearly could have got a countdown happening 🙂

        • Jorma

          Didn’t AlwaysTomorrow do a countdown for something a year ago?

          • aldownunder

            TOUJOURSDEMAIN=Always Tomorrow

    • SoCalBeachDude

      Illinois has already collapsed and has not paid many of its bills for the past 5 years.

  • GSOB

    Face it,…the Federal Reserve runs the country

    • aldownunder

      Runs the country into the ground

      • Thebadguy

        That is well said and True!

        • SoCalBeachDude

          Nope, clueless and dead wrong.

          • Stuey

            Yeah,defend your biggest love, the federal reserve.

      • SoCalBeachDude

        Laughably false.

        • BS1986

          You are irritating. Do you work for the FED?

          • SoCalBeachDude

            No. And NO.

          • BS1986

            HUMMMM all comments point to yes

        • CASTIEL

          I would laugh if someone break your hands to stop you from posting crap……

          • SnodtBlossom

            Você é um saco de sujeira portugese

          • CASTIEL

            You are the one dirty…..I bet you have more miles between your legs than my bmw from 1994…..

          • SnodtBlossom

            Sua mãe era uma prostituta

          • CASTIEL

            E isso o melhor que consegues fazer? Sua vaca de merda……

        • Stuey

          You are the one laughably false as well as utterly clueless and dreadfully wrong.

    • SoCalBeachDude

      Absolutely false and utter clueless and bogus assertions. It is just a central bank with a $4.4 trillion balance sheet in the middle of an $18 trillion a year economy with more than $95 trillion in household assets in the US and the only 3 interest rates it sets have nothing at all to do with the overall US economy and are practically never even utilized by anyone.

      • Dan

        Hold up, “just a central bank with a $4.4 trillion balance sheet” seems it would be “have”(ing) something “to do with the overall economy”? Also, what are your thoughts on money being created via debt, by the banking industry?

        • SoCalBeachDude

          Banks do not “create money via debt,” but rather are in the BUSINESS OF LENDING OUT CUSTOMER DEPOSITS and no bank may ever lend out more than 90% of its customer deposits which is precisely what 10% RESERVE REQUIREMENTS are all about. The Federal Reserve is now in the process of SHRINKING ITS BALANCE SHEET by around 50% by the end of 2018.

          • GSOB

            This central bank cartel runs this country, not the government and not the people.

          • Daniel H Benson

            Yes so 90% of every dollar in the bank is debt instrument to someone else. So at any time you an only withdraw 10% of your money. The problem is when a loan defaults you lose more. There are rules to allow banks to lend 100%. So all those depositors in a bank, that money is not there. So when the next crash comes if just 10% of the people pull there money to live, the bank is insolvent. FDIC has less than one cent to the dollar to cover all deposits. To cover that shortfall the Derivatives market was created as insurance policies for these loan defaults.
            Problem is domestic bank derivative contracts are over 100 trillion again there are just pennies on the dollar to cover losses. This will end in default and a reset. Where the new dollar will be devalued 50% and all accounts will be bailed in about 50%. The rest will be written off when most banks fail. Only 4-5 banks will survive, they will own everything, you will own nothing.

          • SoCalBeachDude

            No customer depots at banks are in any way “debt instruments” to anyone, but are LIABILITIES OF THE BANK TO THE CUSTOMER at the bank in which they are deposited.

            The 10% RESERVE REQUIREMENTS on customer deposits being kept in cash at all Federal Reserve member banks in the US is more than sufficient to meet any and all anticipated withdrawals at those banks. Those cash funds are kept in the PRIMARY RESERVES accounts of banks inside the Federal Reserve which total more than $1.3 trillion in liquid cash.

            In Addition to that 10% required reserve, banks have more than $2.5 trillion in their EXCESS RESERVES accounts inside the Federal Reserve for a total of around $3.8 trillion in readily available cash requires which can be used to redeem withdrawals at Federal Reserve member banks.

            The total amount of demand and time (checking and savings) accounts at US banks is around $13.5 trillion.

            All accounts are insured for $250,000 each by the FDIC, which indeed does not have much at all to actually reimburse customers for any losses, but it handles that they arranging mergers for any failed banks where the acquiring bank assumes the deposits and liabilities of the acquired bank.

            You are making the very fault assumption that at any time EVERY CUSTOMER OF EVER BANK would want to withdraw all of their funds, which certainly would NEVER be the case at all at US banks.

            Bank total assets ALWAYS MATCH AND EXCEED THE AMOUNT OF LIABILITIES OF ANY GIVEN BANK so there are ALWAYS ASSETS that can be sold to redeem all customer deposits in an orderly fashion in the event of any bank failure.

            A “crash” in stock markets does not equal any “crash” or “collapse” in overall economic activity in the USA nor does it necessarily create any financial issues for any bank.

            The derivatives markets are TOTALLY IRRELEVANT to the issue of bank deposits.

            There will be no “new dollars” at all and the US dollar will continue to do just fine and will continuing gaining in purchasing power as the global commodities deflationary spiral intensifies. There certainly will be no “devaluation” of the dollar at all but rather an ongoing APPRECIATION OF THE US DOLLAR in value both in terms of purchasing power and on the DXY.

            No accounts will need to be “bailed out” at all and nothing will be “written off” at all as to customer deposits and customer funds are very safe at US banks particularly the top 20 major US banks which are all doing very well financially these days.

  • MaxRockatansky33

    This time Great Depression may start in China because their economy growth is overheating and starts implode on our very eyes. Chinese banks created biggest bubble ever.

    • df NJ

      I doubt it. The Chinese government is 100% committed to full employment. That is not going to change anytime soon. That’s what communism is all about.

      • SoCalBeachDude

        China is in VASTLY WORSE CONDITION FINANCIALLY than the USA and has been the most egregious money printer over the past 10 years. It has increased the money supply of the renminbi by more than $30 trillion from less than $3 trillion to now more than $34 trillion – while the US money supply of dollars has increased only about $4 trillion to currently around $13.5 trillion in M2. And the US economy is about twice the size of the Chinese economy. Moreover, the Chinese have taken their wild ride ON THE BACK OF THE US DOLLAR to printing BOGUS MONEY IN ASTRONOMICAL AMOUNTS as they link the renminbi’s value to that of the US dollar with very minimal float of less than 2%.

        Now, the WHEELS ARE FLYING OFF THE WAGON over in China and their who financial system is coming crashing down catastrophically.

        China has a huge debt problem. How bad is it?

        Credit rating agency Moody’s downgraded China this week, warning that the country’s financial health is suffering from rising debt and slowing economic growth. It’s the first time the agency has cut China’s rating in nearly three decades.

        Fears about debt levels in the world’s second-largest economy have been flagged before. The International Monetary Fund pushed Beijing to “urgently address” the issue last year.

        http://money.cnn.com/2017/05/25/news/economy/china-debt-economy/

        China debt ‘could prompt $7.7 trillion asset sale’

        http://asia.nikkei.com/Politics-Economy/Economy/China-debt-could-prompt-7.7-trillion-asset-sale

        BANKING PANIC BREAKS OUT INSIDE PBOC IN CHINA

        Extreme panic has broken out inside the PBOC inside China over the past week. The PBOC (People’s Bank Of China) is the central bank of China and their equivalent to the Federal Reserve. The PBOC has jacked up the overnight interbank borrowing rate to 42.8% which is equivalent to the Federal Reserve raising the Federal Funds Rate which applies to overnight interbank borrowing up to 42.8%.

        Many crises are going on inside the Chinese banking system and financial markets and that is where the epicenter of the global financial panic and collapses will be occurring which will affect the entire global economies.

    • SoCalBeachDude

      The Grand Global Depression started in the US in August 2007 and has been intensifying ever since, but the EPICENTER OF THE HUGE CRASH AHEAD will indeed be in the People’s Republic of China.

  • aldownunder

    This morning while I was waiting for M’s next article I took the time to check out his “the most important thing” and “did you know?” tabs a very enlightening read,I recommend anyone who hasn’t already read them to check them out
    Anyway have a good weekend all

    • orsobubu

      aldownunder, I could easily debate every single one of the points inside the interesting “did you know” article; one for all, the first point, the logic proof: it goes back to Thomas aquinas logical proof of the existence of God, which is really a logical proof consisting in about twenty rows of complex symbols confirming the existence beyond any doubt. Alas, Kant showed that the exact opposite logical reasoning can be proved, negating at all this existence (Critique of pure reason). Ultimately, Kant resolved to pragmatically bend to the reactionary doctrine of the Church and accept the faith (Critique of pratical reason), so confirming the marxian law that materialism – and not idealism – is the real explanation of evolution in human society (critics of political economy, or dialectical materialism, or scientific communism).

      about The most important thing article, my personal important thing is that, considering the huge, apocalyptical quantity of human misery, pain and sorrow plaguing the whole world, we have two possibilities: this God is absolutely not an infinitely good entity, or it is not an infinitely powerful entity. I have non reason at all to bend onto my knees to a similar God.

      • aldownunder

        I am sure there will be plenty of people who will be willing to debate you about this…….way beyond me
        I just found the information provided was enlightening

        • orsobubu

          I agree after all, cannot concur but absolutely good research, well written and interesting

      • Paul Patriot

        Huh???????????

      • Carl

        You are right on the money orsobubu.

      • JC Teecher

        You may not want to “bend onto your knees” to God, but one day you will not have a choice in the matter, and believe me, you will have plenty of company as the Carls of the world, filled with hate, atheism/secularism, and liberalism, will want a saviour one day when the shtf.

        That one day, will bring a faux saviour that has the answer to everything except the problem is, “he ain’t Christ”. But the sick and biblical illiterate world will accept him with open arms, as many of the establishment religious leaders will coax and convince the masses, as well as the liberal community. They have already taken the Mark of the Beast, and don’t know it yet.

        • Evan Elliott

          Amen

        • Carl

          Blah, blah, blah….blah. blah. blah. blah. C’mon teecher let’s see you turn some water into wine. Then I will believe in your savor (spelling error intentional).

          Just wondering what evil things did the devil actually do in the bible?

          • Dodgeball

            What good would turning water into wine do? If someone were to do it right in front of you, you would probably still question it! It would just be…a trick of some sort. There are even greater miracles taking place daily (right in front of you), and yet you still don’t believe.
            And if you are that interested in what evil things Satan did (and still does), pick up a copy of the Bible and read it for yourself. Go to the source! No need to wonder about things from afar any longer! It’s already been spelled out for you.

          • Carl

            “There are even greater miracles taking place daily (right in front of you), and yet you still don’t believe.”

            Besides those coveted close parking spaces at Wal-Mart, please provide an example with proof.

            BTW I can turn wine into vinegar. I just ask jesus and he does it for me in a few months. Praise him.

            “And if you are that interested in what evil things Satan did (and still
            does), pick up a copy of the Bible and read it for yourself.”

            I have and the only instance is Job 1:13-22 and that was part of a game played by GOD.

            How many men, women and children and infants did GOD murder? Answer: Millions.

          • GSOB

            God does not murder, He executes justice.
            God can not sin.
            God does not play games.

          • Gay Veteran

            “God does not murder, He executes justice….”

            BILGE, your “god” ordered the murder of babies

          • PGMGN

            What’s bilge is pretending that there is a “your” god vs “my” god. You may make an idol out of your frustrated anger, GV, but that takes nothing away from the reality that there is a Creator.

            So while you’re stridently putting forward your standard, you kill myriad souls without even a thought.

          • SoCalBeachDude

            There are OVER 400 LEGITIMATE “GODS” in the world with at least one for each of the around 400 legitimate religions in the world.

          • PGMGN

            Sorry, Beach Dude, but you can call something whatever you’d like and brand it “legitimate” according to your limited standards. That doesn’t make your statements reality. Not in so far as matters actually are.

          • Gay Veteran

            keep on avoiding the subject:

            your “god” ordered the murder of babies

            and you fear death so much you will do anything to defend your belief system

          • PGMGN

            No avoiding. Just accepting reality. God has chosen not to do what you demand. So be it. As for death, I don’t fear it at all. Why? Because I trust God.

          • Gay Veteran

            religion exists for 2 reasons:
            (1) man fears death,
            (2) as a means of social control (obey the king or you’ll go to he ll).

            heck, I’ll toss in a third:
            (3) as a means for priests and preachers to obtain money and power

          • PGMGN

            Some men don’t fear death, GV.

            Your secular religion exists because you seem to fear that which you cannot control. Specifically what others believe. Especially as you cannot dispel the logic of there being a Creator even though you rage, setting up straw men all along your path as if having a hissy fit will automatically get you what you seek.

            Do some use religion as a means of gaining power? Heck yeah. Just look at secularists attempting to amass the world to themselves by way of shaming and the pretense that that which is observable via science just up and created itself. Jut look at Judas from Scripture. You’re always going to have hucksters out there, GV. Feel free to include yourself in that number.

            Heck, I’ll toss in that when you look in the mirror in the morning you should own your own doctrine of attempting via shaming to control others. For the purposes of feeling like you’re king of the hill. Or maybe just the Grand Inquisitor–albeit self-appointed.

          • Gay Veteran

            “…Your secular religion exists because you seem to fear that which you cannot
            control. Specifically what others believe….”

            I have no desire to control anything, unlike a lot of you religious types.

            “…setting up straw men all along your path as if having a hissy fit will
            automatically get you what you seek….”

            project much?

            “…You’re always
            going to have hucksters out there, GV. Feel free to include yourself in
            that number….”

            hmmm, sounds like more projection

            ”’you should own your own doctrine of attempting via shaming to control others….”

            do you feel shamed? how can I shame someone who has done nothing to feel ashamed of? very odd

          • PGMGN

            You may want to change your approach if your desire isn’t to control. That said, one may seek to shame another without the other feeling the least bit ashamed. Not odd. Just how life works, GV. But I’d guess you knew that ;^)

          • Gay Veteran

            try reading again:

            how can I shame someone who has done nothing to feel ashamed of?

            and odd you think I’m trying to shame you
            hmmmmmmmmmmm

          • PGMGN

            Try reading again. I didn’t say I was ashamed. Good grief. How did you pass the ASVAB? Or did you get into the military by way of a shaky college “degree” and ride the waves of being an “officer”?

            Either way, your comprehension skills leave much to be desired.

          • Gay Veteran

            YOU try reading again: “how can I shame someone who has done nothing to feel ashamed of?”

            so just WHERE did I say you felt ashamed???

            YOUR comprehension skills leave much to be desired.

          • PGMGN

            I didn’t feel ashamed, GV. And yet you tried to heap as much upon me. Again, did you pass the ASVAB? Goodness sakes!

          • Gay Veteran

            interesting, you are the ONLY person here whining about shaming.
            get thicker skin, snowflake

          • PGMGN

            Not whining. Just pointing out your useless and obvious tactics. If you don’t want to improve your polemics, that’s on you. Gayflake!

          • Gay Veteran

            yawn

          • PGMGN

            If this is so boring, why are you here? Methinks you protest way too much. But that’s just me ;^)

          • GSOB

            To know Him is to love Him.

          • Gay Veteran

            well I suppose a murderer can be loved

          • Carl

            No reply about the murdered babies? Typical.

          • Carl

            “God does not play games.”God does not murder, He executes justice.” Really? So he wiped out ALL of humanity save Noah and his family. Only Noah’s daughters turned out to be rapists and followers of incest. Not to mention Noah himself getting wasted and then cursing his son for seeing him all jacked up. I guess god picked some real losers to keep humanity going.

            “God can not sin.” Since sin is a man made ideology I will give you that one. No god cannot sin because sin does not exist. It is made up in the minds of men who have gone made with their own guilt for things they have done and harm they have caused.

            “God does not play games.” tell that to Job’s family who all lost their lives because of a game btwn god and himself (whoops I mean satan ). Unless of course you realize that this and the other stories in the bible are just that stories.

          • Mr.Cipher

            “I guess god picked some real losers to keep humanity going.”

            Which explains your posts.

          • Dodgeball

            Well, since I was not there, I can’t really tell exactly how many were killed. But how many were killed WITHOUT God’s intervention. How many were killed by man’s inhumanity to man….needless killings based on nothing but greed, jealousy and/or territory. In many cases, it was God’s chosen people themselves that faced that same judgment because of their continual disobedience. He wasn’t asking for much…only obey Him so that He could bless them. We have (and HAVE had), corrupt leaders today that have killed countless millions of their own innocent citizens for the sole purpose of authority and control (no blessings there), and, for the most part, all it does is become a part of our history books with a yawn and ho-hum. God at least had a reason and purpose to rid the world of abject evil back then because if He never acted, it is very doubtful that WE would even be here today. And, by the way, Satan was active and operating in the FIRST book of the Bible (chapter 3), when he tricked Eve into consuming the fruit…and he hasn’t stopped since.

          • Carl

            “And, by the way, Satan was active and operating in the FIRST book of the
            Bible (chapter 3), when he tricked Eve into consuming the fruit…and
            he hasn’t stopped since.”

            Who put the tree in the garden to begin with? Not to mention satan cannot do anything unless god allows him to. So who can say how long he talked and persuaded eve before she ate said fruit.

            Now if you do not take the bible literally you can see the adam, eve and sin story as a metaphor and not as gospel and legitimate. I wonder how come the other humans god created did not get to hang out in the garden with adam, eve and god and why are so many who actually are on speaking terms with god so unsatisfied with what he offers them that they go looking for something else?

          • Dodgeball

            “Who put the tree in the garden to begin with?”

            God put that tree there but He also put many OTHER trees too and gave instructions to Adam and Eve that they could eat of ANY tree they wanted except that ONE tree (the tree of knowledge of good and evil). So with all those other trees there, why did they have to go right to the one that He told them NOT to eat from? It’s because they were being tempted by Satan who was angry that these simple carbon based things walking around in the garden had access to a world that he wanted, so in order to get it, he had to steal it from them as it was all given to them from the start. He had to get it from them legally so he tricked Eve by lying (the one thing that the devil does very good).
            ——————————————-
            “I wonder how come the other humans god created did not get to hang out in the garden with adam, eve and god and why are so many who actually are on speaking terms with god so unsatisfied with what he offers them that they go looking for something else?”

            God did not create any other humans other than those 2 individuals. Anyone else that came after them (Cain, Able and Seth for instance–their children), were a creation from their physical union. Sadly, those and any other children they had, were born AFTER sin had entered into the world so they were all born (as we all were), into a sin world. Sin (or in their case–disobedience), was now a part of the worlds scene. That’s why they were cast out of the garden of Eden because one of the trees that was still in that garden was the tree of LIFE, and had either one of them eaten from that tree, they would still be alive today and still in their sin…never to be able to get rid of it. But thanks be to God that He sent His Son 4000 years later to pay for that sin with His own blood and body, something that NO ONE else could do because it had to be a sinless person.

          • Carl

            So if god knows everything that is going to happen before it does, then he already knew what adam and eve would do. So putting the tree in the garden and all the animal sacrifice and human sacrifice was a pointless exercise. Since god knows it all already. God and the devil are the same being (if you believe they exist at all).

            “God that He sent His Son 4000 years later to pay for that sin with His
            own blood and body, something that NO ONE else could do because it had
            to be a sinless person.” Sinless would imply NO human emotions thus since jesus cursed the fig tree I doubt he was sinless. Just a story. If more people actually went to college and educated themselves with classical literature they too could see the parallels and realize what they worship is a lie.

          • Dodgeball

            Carl, Being God, He might have known ahead of time of what they were going to do or He might NOT have…I don’t know! But I do know that God can limit His knowledge of things if He wants and He can even change His mind on things as He did with Sodom and Gomorrah. And even if He did know ahead of time what they were going to do, it doesn’t change anything…they still did it. How many times do human parents tell their kids NOT to do something and they still do it anyway (like a hot stove–don’t touch!!). God presented a challenge to them and because of satan’s intervention and collusion, they succumbed to the temptation.

            As far as the cursing of the fig tree goes, I think you might be reading more into that than what is written as it was not ‘cursing’ as we would call it today. He didn’t use foul language but merely placed a curse, as it were, on the tree by stating that it would not grow fruit anymore and would dry up. You or I could yell and swear at a pear tree till we are blue in the face but it will still grow and produce fruit. Since He was the creator of all things, all He had to do was to speak to it and it was done!

            One thing I think you should know or understand (‘God and the devil are the same if you believe they exist at all’), and that is that Jesus said that if you have seen the Father, you have see the Son–I and the Father are one. So what you are saying is that Jesus and the devil are the same–which is an oxymoron. You can’t have a deity that goes around and heals people and then wishes them ill too. Satan never healed anyone or even created anything–all he does is ‘steal, kill and destroy’ He goes around like a roaring lion seeking who he may devour. Jesus was NEVER known to do anything but good or just things. In fact, if Satan was not real, then Jesus died a needless death. 11 disciples went to their graves proclaiming that Jesus was not only real but who He said He was. Certainly, all during that time (for years), at least one of them could have spilled the beans and admitted that it was all a hoax and that He was a fake…and especially so if they were being tortured, which some were. It would be a perfect time to save your skin and live, but they chose not to. And they didn’t chose NOT to because it was an actual choice, but because they knew and lived with Him all that time, so how could they suddenly deny what they had all experienced. It’s sort of like standing at the open door of an airplane at 20,000 feet and someone asks you if you want to jump without a parachute? Unless you are suicidal, the answer is pretty obvious. In fact, as far as you would be concerned, it is not even a question that needs to be asked.

            If history is all we have (thru the Bible and other writings), that Jesus was real and was who He said He was and yet still say that He was never real, then we must toss out all other history then as well, as what could we ever trust as true. I was not alive when George Washington was living yet I have a fairly good idea that what is said about him is true because it is written in so many history books, so if there are even MORE books or written sources that Jesus was real and who He said He was, why would I suddenly doubt that? How could SO many different people from so many different sources and cultures all have the same stories and ALL still be wrong. It would have to be a deception on a scale so massive that it is almost unthinkable.

            You can believe what you want, I guess, but I know what I know, and until someone or something comes along and proves without a doubt that the whole Bible account of Jesus is fake, I will still stay where I am. I have assurances that apparently you don’t have. Jesus died for you too when He hung on the cross and if you reject that, then that’s your problem…and if you pass away with that on your heart, you will then know instantly (and for all eternity), that you have made a horrendous and eternal mistake. Are you willing to take that chance when it is sooooo easy to just accept Him as your Savior and inherit what He has waiting for those who believe. Why do you have such bitterness towards that? I don’t have to argue with (or prove anything to), anyone anymore because I know the truth. I have had people tell me that I have been brainwashed and I tell them that it’s true…my mind has finally been washed clean from the anger and sin that was destroying me all those years and I finally got rid of what I thought was LIFE. I never knew what life was like until I gave my heart to the Lord. I thought I was really living back then, but I was actually dying little by little and didn’t even know it. There is not enough money in the world for me to return to my old self because I am happier now than every before, and it has been over 37 years now that I made that decision and NEVER regretted it one time. NOT ONE!! Why would I trade my eternal life in heaven for a few measly near-worthless pieces of green paper with numbers on them that I can only use for the few years that I am still here? I mean the question is a moot subject…and even that is a stretch!

          • Dodgeball

            “Besides those coveted close parking spaces at Wal-Mart, please provide an example with proof.”

            That’s a pretty poor example of a miracle that is normally referred to as pure chance or fate.

            But we can start with the calendar. Who else do you know that would have a whole calendar (used almost universally throughout the world), revised according to His birth and actually have dates that are classified BEFORE His birth as BC (and then AD)? It seems silly to create a generally accepted method of date keeping based on a fictitious character.

            How about birth in general. It is a miracle that a man and woman can interact with each other in such a way as to actually produce a LIVE duplicate of themselves. God gave us that miracle that many times is greatly abused and even the unwanted offspring are cast away and eliminated by over 3000 A DAY through abortion. I would think that is throwing God’s miracle back in His face.

            How about plants and seeds? A plant (created by God), can reproduce itself over and over by merely re-seeding itself. In fact, within each seed is ALL the future plants and seeds for the next million or more years–unless acted upon by man or outside forces, and even then, all it would take is just ONE seed to restart the whole thing over again. There is life in those seeds too, as there have been seeds that have been found stored away in clay jars for over 2000 years and when planted, have sprung back into plants again.

            How about Israel becoming a nation? It was prophesied in the Bible about the Jews coming back to their homeland, which hadn’t happened for hundreds and hundreds of years, and yet, because of the Balfour Declaration in 1917, Israel became a nation in ONE day in May of 1948…and the prophetic clock started once again.

            How about history itself. Although not a bonifide miracle in itself (because history is a constant), we still had historians (like Flavius Josephus), who thought it important enough to record events back in the time of Jesus and even though he didn’t believe in Him, he, and other similar authors, were still, unknowingly, reinforcing what was written in the Bible because it was all being corroborated, although in a negative form.

            Then we have Jesus’ birth and death itself. How could anyone know 300 or 400 years ahead of time, not only that Jesus would be born (and how He would be born–to a virgin), but also the town that He would be born in, and where, and even what His name would be? It was prophesied that when he died, that not a bone would be broken, so when the Centurian went down the line breaking the legs of those still hanging there on their crosses to speed up their deaths, they saw that He was already dead and passed Him by.

            The Bible is filled with similar miracles, not even including what is happening today. But even if there were NO miracles today, it would still be easier to believe than to doubt, because we are both going to pass away someday and the big question is: If you are right and I am wrong and we both pass away, we will both have lost nothing, but if I am right and you are wrong, YOU will have lost everything. I am not that big of a gambler that I would want to take that chance. I’d like to play it safe and be on the right side to start with. After you close your eyes for the last time is not the right time to realize that you made a terribly wrong decision, since when someone steps off into eternity…it’s too late then! There’s no coming back for a second chance.

          • Carl

            “How about birth in general….. .” All in your perspective about birth. I see it as with the animal kingdom the species will replicate itself no matter what the cost. We are designed with a genetic imprint to continue the species.

            Same goes for plants, etc. Not really a miracle just part of life people can’t even appreciate the abundance of food and animals because we have so much and in our throw away society these tings are just wasted. With the reproductive nature of plants and animals there really is no reason for anyone in any part of the world to be starving (whats really going on there?)

            Yes people have been storing seeds since the beginning. Humans have been around much longer than our generations. They always end humanity the same way with a life ending event and then it starts over again. Different parameters, a different planet. A few people to seed it, plants, animals, knowledge embedded in our DNA from millions of years of playing this human earth game and on and on it goes.

            As to your other prophecy it could also be that the old testament was rewritten in parts to help give credibility to the new testament. Also why no documentation for the new testament for over 100 years later. Which also would ensure no living members of this sect could refute these claims.

            Pascal’s wager is nonsense.

            The whole born of a virgin thing is nonsense and CANNOT be proven.

            Israel became a nation because of Britain and their desire to get hold of palestine for strategic military reasons. The only reason they helped the j–ws was because they needed that area for their own agenda (similar to what the USA does and calls it spreading democracy) Plus a whole bunch of other political stuff here and there like the Balfour Declaration. Research it for yourself. Had nothing to do with god. You can thank Britain for all of it.

            Flavius Josephus – many scholars doubt the authenticity of his writings actually being written by him in regards to jesus.

            I am not arguing that there is a creator. Rather there are many creators (not just one). I am arguing that your version and beliefs in regards to your god and the god of christianity is just made up nonsense.

          • Carl

            Who, How and Why God Killed in the bible:

            God tells Joshua to attack Ai and do what he did to Jericho (kill everyone).- Joshua 8:1-25, Joshua kills 5 kings and hangs their dead bodies on trees- Joshua 10:24-26
            God delivered Canaanites and Perizzites- Judges 1:4
            Ehud delivers a message from God: a knife into the king’s belly- Jg.3:15-22,
            God delivered Moabites- Jg.3:28-29,
            God forces Midianite soldiers to kill each other.- Jg.7:2-22, 8:10,
            The Spirit of the Lord comes on Samson- Jg.14:19,
            The Spirit of the Lord comes mightily on Samson- Jg.15:14-15,
            Samson’s God-assisted act of terrorism- Jg.16:27-30,
            “The Lord smote Benjamin”- Jg.20:35-37,
            More Benjamites- Jg.20:44-46
            For looking into the ark of the Lord- 1 Sam.6:19
            God delivered Philistines- 1 Sam.14:12
            Samuel (at God’s command) hacks Agag to death- 1 Sam.15:32-33
            “The Lord smote Nabal.”- 1 Sam.25:38
            Uzzah for trying to keep the ark from falling- 2 Sam.6:6-7, 1 Chr.13:9-10
            David and Bathsheba’s baby boy- 2 Sam.12:14-18
            Seven sons of Saul hung up before the Lord- 2 Sam.21:6-9
            From plague as punishment for David’s census (men only; probably 200,000 if including women and children)- 2 Sam.24:15, 1 Chr.21:14
            A prophet for believing another prophet’s lie- 1 Kg.13:1-24
            Religious leaders killed in prayer contest- 1 Kg.18:22-40
            God delivers the Syrians into the Israelites’ hands- 1 Kg.20:28-29
            God makes a wall fall on Syrian soldiers- 1 Kg.20:30
            God sent a lion to eat a man for not killing a prophet- 1 Kg.20:35-36
            Ahaziah is killed for talking to the wrong god.- 2 Kg.1:2-4, 17, 2 Chr.22:7-9
            Burned to death by God- 2 Kg.1:9-12
            God sends two bears to kill children for making fun of Elisha’s bald head- 2 Kg.2:23-24
            Trampled to death for disbelieving Elijah- 2 Kg.7:17-20
            Jezebel- 2 Kg.9:33-37
            God sent lions to kill “some” foreigners – 2 Kg.17:25-26
            Sleeping Assyrian soldiers- 2 Kg.19:35, Is.37:36
            Saul- 1 Chr.10:14
            God delivers Israel into the hands of Judah- 2 Chr.13:15-17
            Jeroboam- 2 Chr.13:20
            “The Lord smote the Ethiopians.”- 2 Chr.14:9-14
            God kills Jehoram by making his bowels fall out- 2 Chr.21:14-19
            Judean soldiers- 2 Chr.28:6
            Ezekiel’s wife- Ezek.24:15-18
            Ananias and Sapphira- Acts 5:1-10
            Herod- Acts 12:23

          • GSOB

            Why?

          • Mr.Cipher

            Carl tossed into the pit of Hell for eternity.

          • Gay Veteran

            “…There are even greater miracles taking place daily (right in front of you), and yet you still don’t believe….”

            how about regeneration of amputated limbs? your “god” NEVER does that

          • Dodgeball

            Well, I guess you got me there—I never knew He was suppose to! I would think that if He does or doesn’t, that it’s His call. It wouldn’t hurt to ask though!

          • Gay Veteran

            the point being that “god” can cure cancer, even your grandma’s ingrown toenail, but NEVER regeneration of limbs

          • PGMGN

            Maybe because the regeneration of hearts is more important. Yours seems pretty hardened. Given one sign to wonder over you’d only seek another and another.

          • Gay Veteran

            “Maybe because the regeneration of hearts is more important….”

            typical, losing the argument so change the subject

          • PGMGN

            Actually, you’re changing the subject to dictating terms to God–giving Him a test of sorts– so you can “feel” justified in dismissing Him.

          • Gay Veteran

            “the point being that “god” can cure cancer, even your grandma’s ingrown toenail, but NEVER regeneration of limbs”

            your belief system is under attack so you will do anything to defend it

            whywontgodhealamputees do t com

          • PGMGN

            Are you going to stomp your foot now, GV, and shake your curls? Anything to defend the ridiculous premise you’ve adopted?

          • Gay Veteran

            project much?

          • PGMGN

            No need to project with you, GV. Your demand for your particular litmus test is demonstration enough.

          • Gay Veteran

            litmus test?

            that’s usually from a lot of religious types

          • PGMGN

            …and you are a “religious type”.

          • Gay Veteran

            nope.
            agnostic

          • PGMGN

            Yep. Try reading for understanding, GV, not just being obtuse and argumentative because God hasn’t provided you with his certificate of existence ;^)

          • Gay Veteran

            if I want to read fiction then I’ll go read some Asmov

          • PGMGN

            I like Ben Bova myself.

          • Dodgeball

            I guess the big word there is ‘CAN’. I haven’t heard of Him healing or replacing any limbs of different kinds but I also have not heard of Him healing someone of cancer or ingrown toenails either (although it is always possible). In most cases, people generally go to a doctor or hospital to get a remedy, of sorts, regarding those things. I had prostate cancer at one time and had I not gone to have it taken care of 6 years ago (thru warnings from my doctor), I would not be sitting here writing you now. As it is (from the radiation treatments), I am now rendered useless in that part of my body but I’m still here. If I had a choice between losing a limb or dying of cancer, I pretty much know what direction I would go with that. I hope, my friend, that you are not referring to yourself when you point out your apparent consternation of losing a limb (and I sympathize with you if you are), but there are people who are FAAAAR worse off than that. Many of them are found in cemeteries.

          • Carl

            So since god does not heal people but rather medicine does, why bother to pray to something that can do nothing?

          • Dodgeball

            I don’t remember saying that He does NOT heal people but that it is His call. What does it hurt to pray for healing anyway? People pray for alot of other things too, and they never happen, but it doesn’t stop them. And by the way, whenever we pray, we don’t pray to “something’, but to a deity that actually hears us, whether or not He does anything. It doesn’t discourage me at all if He doesn’t answer. In fact, if He was that cruel or mean, it is doubtful that He would even approve of doctors.There were doctors even back when Jesus was alive. And you know, sometimes medicine doesn’t even help either so the only recourse would be the Lord!

          • PGMGN

            Who says He must?

          • Gay Veteran

            heh, if “god” existed then regeneration of limbs would be actual simple proof of the existence of “god”

            don’t you believe in miracles?
            jeez, your televanglists rake in $ millions babbling about the miracles of your “god”

          • PGMGN

            I believe in God who works where and when He wills. Not on command for a televangelist god hawker. Or for you.

          • Gay Veteran

            why does “god” hate amputees?

          • PGMGN

            Why do you hate yourself?

          • Gay Veteran

            LOL, you got me, I hate myself

          • PGMGN

            Not a laughing matter, but if you choose to laugh about it, go right ahead. Free will ;^)

          • Gay Veteran

            Why do you hate yourself?

          • PGMGN

            I hate the fact that I often fail despite wanting to do better. But I keep trying by relying upon God’s grace. Call that hate if you will. I call it being real and understanding that, much as “I” may like, I cannot comprehend everything. Why? Because mankind has 5 senses, no more.

            So, the notion that we can understand everything and that until we do it doesn’t exist is stupid. And I do hate stupid, GV.

            Again, how did you pass your ASVAB? Scoot in on the low side of 50%?

          • Carl

            Religion charges persons with
            imagined sins; it burdens people with guilt and superstition. It then
            urges them to pray to a non-existent god in order to absolve themselves
            from sins they did not commit. This method is clearly counterproductive
            to the attainment of happiness and joy in life.

          • PGMGN

            Sorry, no “imagined” sins. No pretense of burden. Just dealing with reality, Friend. Those things that many would choose to forget or ignore like life’s myriad problems.

            What is imaginary is a universe that created itself out of nothing for no reason. This while those on earth are subject to having to “do” in order to create anything. Unless you’re a recently hatched snowflake whose reality includes receiving a paycheck from the void simply for their not giving way to ennui and depriving the rest of us from their company via suicide.

            Your method pretends that there is no cause and effect so you can attempt to avoid the causes of that which adversely affect you and those around you.

            But if you derive happiness-a purely subjective term–out of creating an illusion that belies all that is observable around us–you go on, Guy! Have at it.

            Free will. Another of God’s gifts. But there’s a kicker on the back-end–as there is with all things on earth–of getting results you may not have expected ;^)

          • Gay Veteran

            “…Again, how did you pass your ASVAB? Scoot in on the low side of 50%?”

            typical religious type, I don’t believe as you do therefore I’m stupid

        • orsobubu

          One of the misconceptions on materialism and marxism is that we are violent and without humanity. Exactly the opposite is true. Try read Einstein’s “why socialism?” and Engels’ “antiduhring”. Marxism is the real, ultimate human philosophy. Hate and violence is never by the arm of revolutionaries, they come from counter-revolutionaroes instead. And I’m sad to recognize that Churches (in general, Catholic, Islamic, etc) have lost their original idealism, becoming berers of the interests of the ruling classes. You can easily find works by Einstein where he explainis his vision on nature and God, akin to Spinoza philosophy.

          • Voice Over

            “… and should not be confused with soviet-like historical experience: that was a state capitalism, a fascism….”

            I’m glad you added that. Perhaps you can point me to this true form of “Libertarian Communism”, as practiced, now or in the past?

    • Tim

      Amen.

  • Tom

    “Normally, short-term rates are higher than long-term rates”.

    Little mix up here. Normally long-term rates are higher than short-term rates.

    • SoCalBeachDude

      Yep, 100% correct.

  • Paul Anders

    The one thing I don’t get is the owner of the site has a terrible view about the FED, when SCBD is a troll for them? How’s that friendship working out for them?

    • aldownunder

      The fact that scbd hasn’t commented yet might be an indication

      • Tim

        Surprisingly, scbd voted up your comment above wherein you stated the Federal Reserve “runs the country into the ground”! Has he seen the light?

        • SoCalBeachDude

          Huh? I did no such thing at all.

        • JC Teecher

          Yea he came out of granny’s basement long enough to run out and buy week old doughnuts at Ralph’s, and finally saw sunshine for the first time since Christmas.
          As he stated earlier, (to paraphrase), “it’s now starting to finally warm up here in SoCal, so I went to the beach on my day off”.

          It never even got cold this winter in So Cal, unless you call anything between 65 and 80, cold.

          • SoCalBeachDude

            What utterly bogus and foolish nonsense. It was VERY COLD THIS WINTER even near the coast area and well below 32 degrees in many inland areas which is MOST OF CALIFORNIA. We still have MASSIVE SNOW PACK ON THE GROUNDS WHICH HAS NEVER MELTED AND IT IS NOW THE MIDDLE OF JUNE. Once again, your cluelessness is just beyond mind boggling.

      • SoCalBeachDude

        An indication that I was on vacation yesterday!

    • Carl

      You people are absolutely crazy. There is no collusion between the blog owner and SoCal. Whatsoever.

      Honestly sometimes peoples paranoia can really get the best of them. SoCal posts great information many people would not normally get from watching their local or evening news. Heck even from the popular mainstream websites most times.

      So ignore the posts if you do not want to get more informed or give then a glance.

      Either way it’s great information and SoCal should probably get paid for the amount of time it takes to post the links.

      But what SoCal does is a labor of love. The love of knowledge and information and passing that along to others free of charge. A truly selfless act.

      • PocoPete

        Below is a comment taken from the MishTalk (dot) com website from June 8, 2016 concerning “socalbeachdude” (aka “Adam Price”, aka “Chas Caldwell” aka “American Patriot”).

        “Mish,

        This commenter, “Adam Price”, was such a nuisance on David Stockman’s site, they had to finally boot him off. Tolerated his endless stream of garbage for months, but they finally pulled the plug on him. If his past behavior is any guide, you have a decision to make. Let him continue to pollute your site or shut him down.

        It’s not as if what he says is always absurd. I guess that’s why David gave him so much rope.

        That said, much of it is. For example, he argued endlessly on Contra Corner last year that the Chinese accounting of their gold reserves was up to date, that they didn’t, in fact, hold more than their stated 1054 tonnes they’d reported since 2009, and that they didn’t withold information. That was right before they did acknowledged … overnight … a 60% increase in the amount of gold held.

        But his opinions aren’t the issue. I was sorry to see his name here, because he monopolizes a site, cluttering it with what’s mostly garbage and if you ever engage him

        in actual discussion, he won’t answer your questions directly in any kind of straightforward way or respond to what you say in a meaningful way … just keeps repeating
        the same non-sequiturs, ad nauseum.

        So, I get that it puts you in a tough situation. I’m sure you don’t want to censor anyone. And the guy is a nuisance. He submit 50 posts in response to one article.

        How does anyone have the time or energy to do that? I don’t know. But I have some theories.

        I’m not convinced these submissions are from an actual person. “He” may very well be a real person, but acting as a hired troll to gum up your comment board with an endless stream of chatter. Or these submissions may be generated by some kind of robotic program.

        If he is real, one wonders if he’s corresponding from a facility, if you catch my drift.

        At any rate, I would suggest you strongly consider cutting off his access. And to your other commenters, I would suggest ignoring him. You’ll get nowhere trying to engage with him in a constructive back and forth. Yeah, I get that his stuff is provocative. But he’s just trying to bait you into what will be a completely meaningless exchange.

        I’m convinced “his” intention is to disrupt … to be a nuisance. If so, he’s succeeding.”

        • JC Teecher

          Thanks a bunch, Poco Pete.

          We can see that what he does is not normal behavior. Now we have the proof that ScBD has been going around stirring up controversy and more useless postings on many other sites as well.
          Who has that much energy from just eating food?
          There are other issues at play here, and it could have something to do with drugs and/or a chemical imbalance.
          However; because a close friend of mine has a son with a disorder, I could see that as a possibility for the abnormal behavior.

          My friends son was babied by his mother as a little kid to the point that he was (as an only child) told he was always special and babied over everything. When the Dad, tried to get him involved in normal kid activities and to interact with other kids, his mother would always overrule his decisions and say that other kids were mean and would hurt him, or cause him to do something that would cause him to get hurt. he developed a fear of other kids and then school. His mother is an idiot, nice looking woman, but a blooming idiot, and soon that over protection caused the boy to scream with resistance at riding the bus, so she would drive him to school and pick him up afterwards. It then became such a problem for her to leave work all the time, that she quit work to appease the kid, and haul him back and forth.
          Then when he was about 13 he refused to go to school at all, and she had to start homeschooling. His homeschooling amounted to her doing the work for him as he sat in his room playing video games. he would not even go out in public and became a recluse. Now at 30 years old, he sits at home on his computer, or in front of the wide screen with a controller in his hand…in the area specifically for him in the basement. Totally withdrawn from society, his future is bleak for ever having any meaningful relationship with a woman, unless maybe she is a basement dwelling gamer, with a mommy that brings her hot pockets and ding dongs all day.

          • df NJ

            I wish I was retired at 30. The plan didn’t work out.

          • SoCalBeachDude

            The best age to retire is just after finishing college right around 24. Then enjoy life!

          • Voice Over

            Yes. I was a little late, retiring at 38. I intend to go back to work at 100. Everyone has it the wrong way around.

          • SoCalBeachDude

            !!!

          • SoCalBeachDude

            I see our resident hick from the sticks is spouting more ludicrous and hateful and totally bogus nonsense. Pitiful. Just pitiful.

        • SoCalBeachDude

          What utter stupidity. David Stockman’s site comments became a CESSPOOL OF DETRITUS from clueless dolts and I simply stopped commenting there as there was no point attempting to correct idiots. Practically NOBODY comments there anymore. Bloomberg got so disgusted with comments that it took down all of its comment sections, and CNBC just has a tiny little bank of stock pumpers even commenting there anymore.

          • PocoPete

            I am glad there are no clueless dolts or idiots on this blog. Thank goodness.

        • aldownunder

          Yes Poco I too have checked out scbd on other sites it is a recurring theme he is a pest at best his arrogance is unbelievable endless arguments and dribble with anyone who doesn’t agree with him
          On one site I saw him basically abusing the author because he didn’t agree with a well written and researched article by Koos Janson

          • PocoPete

            He does do some nice restaurant reviews though.

          • SoCalBeachDude

            Huh? I don’t ever review restaurants.

          • PocoPete

            Sorry. I must have gotten confused by a similar poster’s name doing restaurant reviews.

          • SoCalBeachDude

            I would think so, as you appear to be very easily confused about nearly everything.

          • PocoPete

            But you do go to fine restaurants in the Southern California area don’t you?

          • SoCalBeachDude

            No. Restaurants do not provide good value at all for food and I am an excellent cook.

          • PocoPete

            When my gold investments recover from their decline I will be able to afford to go to a nice restaurant every week.

          • SoCalBeachDude

            They’re not going to do anything but continue to REVERT TOWARDS AND TO THEIR MEAN OF $456 and then head lower to perhaps as low as around $232 per ounce about 15 years out before finally stabilizing.

          • PocoPete

            If gold drops to $232 per ounce I may have to get a part time job to make ends meet. I hope McDonald’s will be hiring then. All work is honorable.

            Or maybe by then my career in journalism will take off and provide a little income for me.

          • SoCalBeachDude

            If you are fortunate enough to have US Mint 1 oz. silver or gold American Eagles you can ALWAYS reliably use them anywhere that US dollars are accepted as LEGAL TENDER for their face amounts of $1 and $50 respectively! Bon Appétit!

          • Voice Over

            It could go down that far as the depression gains pace and people sell everything they can to pay off debt. Debt will be a killer.

            However, as governments implode and confidence in them evaporate (this will come with massive social unrest) gold will regain its luster and true place as a store of value – as it has for at least 5,000 years.

            So if you’ve managed to hang onto your stash, you’ll be rich! Trouble is: 1. it won’t be safe on the streets to spend it and 2. you may be too old to enjoy it..

          • PocoPete

            Sounds good. I will hold onto my gold and silver for a long time then.

          • aldownunder

            Yes they will never go out of fashion as the last 5000yrs proves
            Sound investment for difficult times ahead

          • SoCalBeachDude

            Only at prices at or below $456 per ounce for gold and $8 per ounce for silver.

          • SoCalBeachDude

            The last down cycles for metals lasted 22 years from January 1980 until late 2001 at which time gold has plunged 70% from $800 per ounce to $250 per ounce and during which silver plummeted 90% from $50 per ounce to $4 per ounce, and this down cycle started in 2011 and will likely continue out through 2032.

          • PocoPete

            Past Performance Is No Guarantee of Future Results.

          • SoCalBeachDude

            Yes, the future results could be much worse and the bottoms previously set may not hold at all.

          • PocoPete

            The future results could be much better than the past.

          • aldownunder

            Yes I did see them

          • JC Teecher

            And, he keeps everyone updated were the best deals are on stale doughnuts and bread. $2.99 per dozen on the doughnuts. They must be some real winners, like his faux portfolio, and Trust Fund.

          • SoCalBeachDude

            No, Manager’s Special donuts are not “stale” at all and hold up well for many weeks.

          • JC Teecher

            If they hold up for “weeks” they are made from cardboard, and chew like rubber.
            After about three days, most regular doughnuts are no longer fit to eat.
            If you are eating doughnuts that are more than a week old, then you are a poor (literally), and very sick person.
            Truth be told, you are on welfare and EBT, and make a few bucks on the side as a gov/beast system troll, to help the Deep State develop more SMP’s on innocent folks.

          • SoCalBeachDude

            Your utter ignorance about doughnuts is just as great as your ignorance about everything else. Van de Kamp’s doughnuts sold at Ralphs (Kroger) are among the very best doughnuts made and I bought an 8 pack several weeks ago for 79 cents that is absolutely superb with one doughnut left that is just as fresh and delicious as the first ones out of the box!

            As to truth, you obviously have no interest at all in that, so I won’t even bother to respond further to your laughably bogus and totally false assertions!

          • SoCalBeachDude

            Absolutely false and very stupid nonsense.

          • SoCalBeachDude

            Kook is nothing but a LYING CLUELESS PROPAGANDA GOLD PUMPER IMBECILE who is so stupid it is just mind boggling. I put up a couple of comments them calling him on his TOTAL LIES and then never went back to that site ever again.

        • Jim

          LOL. Yeah, he’s a real low life.

      • df NJ

        There must be other forms of love I am not aware of.

      • SoCalBeachDude

        100% correct, Carl.

      • HeyAHuman

        Okay. Let’s see you post a link, Carl. Oh, you can’t? I guess only one specific guy has special privileges from the owner of this site… whose name we can’t say without getting flagged lol.

      • Paul Anders

        Explain why he can paste and nobody else can.

    • SoCalBeachDude

      The Federal Reserve is a superb central bank and did exactly the right thing by increasing the only 3 interest rates that it sets this past Wednesday. It is now also headed towards another 2 interest rate hikes this year along with moving to decrease its $4.4 trillion balance sheet by around 50% by the end of 2018.

  • richjerk1929

    Illinois is doomed

    • df NJ

      What about the innocent people living there? Them too?

      • JC Teecher

        The rain falls on the just, as well as the unjust.

    • SoCalBeachDude

      Yes, due to their own extreme and very gross FINANCIAL IRRESPONSIBILITY AND PROFLIGACY, but no state can ever file for bankruptcy as their is no provision for that in the federal bankruptcy laws.

      • Paul Anders

        The laws will change to suit thier needs.

        • SoCalBeachDude

          No, they most certainly will not.

      • amongoose

        But they can do it back channel. They can’t, but, they can let those heavily indebted like school districts and cities, like Chicago do it.
        Who, l wonder will get stuck with that bill?

    • Jeri Brace

      4 states including illinois can’t pay their lottery winnings over $600.00. possible Tax revenues from the sales of recreational Marijuana is looking very attractive to Illinois.

      • SoCalBeachDude

        The lottery companies are now going to shut down their operations inside Illinois for that reason. As to marijuana, the usage of that along with opiates is likely the biggest reason why Illinois is in such financial trouble.

  • greanfinisher

    “Normally, short-term rates are higher than long-term rates,……….”

    That would be an error. Normally, short-term rates are lower than long-term rates.

    • SoCalBeachDude

      100% correct. Short term yields (interest rates) are ALWAYS LOWER than long term yields (interest rates) for obvious reasons, which is why more than 60% of the federal government debt of around $20 trillion in financed on very short term US Treasuries as opposed to 30 year US Treasuries. The big problem occurs with interest costs when short term yields interest rates rise dramatically which is precised what happened with ARMs (Adjustable Rate Mortgage) back in the mid 2000s.

  • JC Teecher

    What does all this mean, and where are we heading?
    Well, as an old rocker from the 60’s,70’s,80’s, and 90’s, I grew up with music, so immediately one of my old favorites comes to mind as an answer for the question.

    “Headed for a Heartache”. (Winger 1989)

    Things are aligning for the perfect financial/economic/spiritual storm.
    Will this Fall be the beginning of the time of Jacob’s Trouble, or just a forbearance of such events. Will the small reprieve under the Trump potus position be such that we get a “bump” in the road along the route of reprieve, and then go back to see sawing along until the “full on” trib comes?

  • df NJ

    Jesus will save us from suffering financial collapse. Jesus is Lord. All God’s blessings will come to those who believe in Jesus.

    • JC Teecher

      Jesus doesn’t work that way, as was evident though out his life in the world and even before he came in the flesh.

      He walks His followers through the fires, and tribulations of this world, and doesn’t call them up into escapism.
      When the three Hebrew boys were tossed into the fiery furnace heated up seven times a normal furnace, the King of Kings/Son of God, was there with them walking them through the fire, and they didn’t even smell of smoke when they emerged. Not even one hair was singed. How? Why? Because the three boys had faith.
      Faith the size of a mustard seed is all it takes.

      • Carl

        “Faith the size of a mustard seed is all it takes.” If that was the case ALL the christians in the USA should be doing amazing miracles on a daily basis. YET we see no great miracles such as the STORY in the bible. Interesting. I am sure you will give us another excuse as to why jesus was a liar. Looking forward to it.

    • SoCalBeachDude

      The GRAND GLOBAL DEPRESSION has been intensifying ever since it first started in August 2007 and will continue to grow dramatically worse.

      • Voice Over

        Yes it will. Except that this time it will be no ‘ordinary’ Depression. We’re in for a ‘Fourth Turning’ event that will shake the world & mankind.

        Think cycles & consequences.

        • SoCalBeachDude

          No doubt, but that cannot be avoided this time around especially when practically NOBODY WANTS TO DO ANYTHING TO SERIOUSLY DEAL WITH THE MASSIVE UNPRECEDENTED GLOBAL CREDIT BUBBLE and consequent bad debt.

    • Voice Over

      Nothing to do with Jesus – or God for that matter (except that God created everything so is ultimately ‘responsible’ for creating the Law under which we live, day to day, life to life)

      No, boys & girls, it’s all to do with CONSEQUENCES.

      We don’t get away with anything.

      It’s all PERFECT!

      (even the Dude, locked in his basement)

      • SoCalBeachDude

        The Dude does not have a “basement” nor do most all houses here in SoCal.

  • dlewenz

    The Federal Reserve does not have the ability to recall the 4.5 Trillion of QE given to the banks, recalling the cash will put the banking system at risk due to the next downturn or crash. It would create a multiply effect. I believe that the next downturn will be global event and make 2008 look like a cake walk.

    • SoCalBeachDude

      No money was ever “given” to banks at all, an 100% of the $3.6 trillion in QE funds has ALWAYS REMAINED ENTIRELY INSIDE THE FEDERAL RESERVE where it is in the primary reserves and excess reserves accounts of the members banks there from whom the Federal Reserve purchased EXISTING SECURITIES in exchange for those proceeds being deposited into their reserves accounts inside the Federal Reserve.

      • ……….

        laughably false

        • SoCalBeachDude

          What I stated is, of course, 100% correct.

  • Richard O. Mann

    I guess the Fed is getting ready to take over the country, put in their own dictator and government. Or, this could cause the outbreak of Civil War part 2 along with all the left wing craziness going on. Looks to get interesting during the next 6 months leading up to the end of the year.

    • SoCalBeachDude

      Laughably false. The Federal Reserve is simply a CENTRAL BANK and a very conservative and responsible one at that.

  • > I hope that there are no political motivations behind the Fed’s moves.

    Like my old man used to say, “hope into one hand and poop into the other and see which one fills up faster.”

    The Fed does have an agenda against America. Yellen is the third in a row of a certain group with said agenda to chair the Fed. Of course they want to crash the economy (with no survivors) before the next election, heck, before the next midterm if they can.

    The one thing that might stop them is that the structure of the economy is slowly being changed by Trump, back in the direction of NatSoc/Fascist lines, where autarky is being brought back into style. This makes for a totally different dynamic with respect to the “outsourcing/globalist” economic direction of the past several decades.

    The USA is the world’s third-most populous country and is rich in human capital, we have the descendants of the men who put men on the moon, and we are the world’s fifth-largest country by land mass, with vast natural resources. If we are able to make the change to America First economically, and gain a greater degree of autarky, the rules of the cyclical economy may just be a-changin’.

    • SoCalBeachDude

      The Federal Reserve has NOTHING WHATSOEVER to do with politics and never has had anything to do with politics.

      • ultraman

        “Finance is a gun, Politics is knowing when to pull the trigger” – Don Lucchese ( Godfather 3 ).

        End of story.

        • SoCalBeachDude

          The Federal Reserve is not in the business of finance and is merely a very conservative CENTRAL BANK, quite unlike the PBOC over in the wild far east known as China.

  • SoCalBeachDude

    TRUMP APPROVAL HITS 50%…GROWING!

    http://www.rasmussenreports.com/public_content/politics/trump_administration/prez_track_jun16

    AS LYING BS ATTACKS OVER “RUSSIA” INTENSIFY…

    SWAMP: PRESIDENT PENCE TALK GROWS LOUDER…
    Calendar intrigue…
    Mueller hires army…
    Leak flood continues…
    Rosenstein recuse?
    Spotlight on Justice No. 3…
    DOJ: ‘Exercise caution’ over anonymous reports…

    BARNES: How will Trump deal with stacked deck?

    http://www.weeklystandard.com/how-will-trump-deal-with-a-stacked-deck/article/2008502

  • SoCalBeachDude

    Huh?

  • SoCalBeachDude

    Not to mention that Chinese interbank borrowing rates skyrocketed up to 45% this week and the interbank lending market in China is nearly FROZEN UP entirely.

  • SoCalBeachDude

    The only three interest rates that Federal Reserve raised on June 14, 2007 are:

    1) Federal Discount Rate (the rate at which banks borrow directly from the Federal Reserve for overnight liquidity purposes on a fully collateralized basis).

    2) Federal Funds Rate (the interbank borrowing rate at which banks borrow from each other strictly for liquidity purposes for very short terms (typically overnight) on a fully collateralized basis.

    3) IOER [Interest On Excess Reserves] (the rate paid by the Federal Reserve to member banks on their more than $2.5 trillion in funds in their excess reserves accounts inside the Federal Reserve).

    Not that it matters the slightest bit of a hoot, however, as the FDR and FFR are practically NEVER USED THESE DAYS given the fact that member banks are overflowing with vast excess reserves and have NO NEED WHATSOEVER to borrow from each other or from the Federal Reserve for overnight liquidity purposes.

    The Federal Reserve targets for these rates are around 3% by the end of next year in December 2018 and the Federal Discount Rate is always set at 0.5% higher than the Federal Funds Rate.

    The IOER matters very much to the member banks who will earn more than $80 million more a year now on their more than $2.5 trillion in funds in their excess reserves accounts inside the Federal Reserve.

  • SoCalBeachDude
  • SoCalBeachDude

    Fed raises interest rates and sets plan to shrink $4.5 trillion balance sheet ‘this year’

    http://www.marketwatch.com/story/fed-raises-rates-and-sets-plan-to-shrink-balance-sheet-this-year-2017-06-14

    Text of June 14, 2017 FOMC statement

    http://www.marketwatch.com/story/text-of-june-fomc-statement-2017-06-14

  • SoCalBeachDude

    AMAZONWHOLEFOODS RIVALS LOSE $40B

    http://www.cnbc.com/2017/06/16/amazons-whole-foods-bid-wipes-billions-off-retailers-food-stocks.html

    GROCERY STOCKS GO STALE

    http://www.marketwatch.com/story/grocery-stocks-tank-as-amazon-effect-strikes-fear-in-investors-2017-06-16

    Kroger’s stock plunges toward biggest one-day decline since December 1999

    Kroger Co.’s stock KR, -18.89% plunged 18.8% in active morning trade Thursday to pace NYSE decliners, putting them on course to suffer the biggest one-day selloff this millennium, in the wake of the grocery chain’s disappointing profit outlook. Volume spiked to 36.1 million shares, already more than four times the full-day average, and enough to make the stock the third-most active on the major U.S. exchanges.

    The one-day percentage decline would be the sixth biggest in its history, according to FactSet, and the biggest since it plummeted 24.6% on Dec. 6, 1999. BMO Capital analyst Kelly Bania said that despite the disappointing earnings-per-share and margin guidance, she sees some encouraging signs in that quarter-to-date same-store sales are running positive, and that margins appear on track to improve. The stock has now tumbled 29% year to date, while the S&P 500 SPX, -0.22% has gained 8.4%.

    http://www.marketwatch.com/story/krogers-stock-plunges-toward-biggest-one-day-decline-since-december-1999-2017-06-15

  • SoCalBeachDude

    ‘I’m being investigated for firing the FBI Director by the man who told me to fire the FBI Director!’ Trump confirms that he IS subject of obstruction probe and turns fury on his own Deputy AG

    Donald Trump confirmed for the first time that he is directly under investigation over obstruction of justice in a Tweet Friday which also lashed out at his own deputy attorney general.

    Trump went after his own deputy attorney general, the FBI Russia probe, and congressional overseers. ‘I am being investigated for firing the FBI Director by the man who told me to fire the FBI Director! Witch Hunt,’ Trump Tweeted Friday morning, in an unprecedented shot at deputy attorney general Rod Rosenstein.

    Rosenstein issued an unusual statement Thursday night, following reports that special counsel Robert Mueller was probing possible obstruction of justice in the wake of Trump’s firing of FBI Director James Comey.

    ‘Americans should exercise caution before accepting as true any stories attributed to anonymous ‘officials,’ particularly when they do not identify the country – let alone the branch or agency of government – with which the alleged sources supposedly are affiliated,’ the statement read.

    http://www.dailymail.co.uk/news/article-4610816/Mueller-orders-Trump-transition-team-preserve-records.html

  • SoCalBeachDude

    Trump threatens to break the glass on DOJ succession plan

    An abstract, in-case-of-emergency-break-glass executive order drafted by the Trump administration in March may become real-world applicable as the president, raging publicly at his Justice Department, mulls firing special counsel Robert Mueller.

    Since taking office, the Trump administration has twice rewritten an executive order that outlines the order of succession at the Justice Department — once after President Donald Trump fired the acting Attorney General Sally Yates for refusing to defend his travel ban, and then again two months later. The executive order outlines a list of who would be elevated to the position of acting attorney general if the person up the food chain recuses himself, resigns, gets fired, or is no longer in a position to serve.

    http://www.politico.com/story/2017/06/16/donald-trump-justice-department-succession-plan-239652

  • SoCalBeachDude
  • SoCalBeachDude

    ALEX JONES TURNS MEGGY INTO SNAKE SAUSAGE!!!

    Hoax on you! Infowars’ Alex Jones says Megyn Kelly is Medusa and shows her being eaten by animated sharks in ‘secret audio’ that has lots of flash but just a single (cordial) exchange with ‘fraud’ NBC host

    Alex Jones has released the ‘secret audio’ he recorded of Megyn Kelly over the course of 14 hours last week, when the NBC host interviewed the radio personality and conspiracy theorist.

    http://www.dailymail.co.uk/news/article-4610972/Alex-Jones-hyped-secret-audio-Megyn-Kelly.html

  • Bob

    We never recovered from the recession experienced in 2008. It is not a new recession, but only a continuation of the severe economic downturn.

  • ?

    Anyone new to this blog site that doesn’t like SoCalBeachDude and you want to block his comments, all you have to do is click the tiny triangle on the far right side of the screen and click block user. This message will be repeated every article.

    • df NJ

      I like his comments.

      • ?

        You’re in the minority of people on this blog that do.

  • SoCalBeachDude

    Grocery prices are really inverting these days! I just got back from Ralphs (Kroger) here in Southern California and got 1 dozen Large Grade AA eggs for 99 cents, 1 15 oz. can of peaches for 39 cents, 1 bag of Van de Kamp’s Bagels for 77 cents, and 1 33 oz. bottle of the new Ocean Spray Mocktails Cranberry-Peach for free, and the total bill including the 10 cent California bottle fee on the Mocktails was a grand total of $2.25!

    • TOUJOURS DEMAIN

      Wow! Those prices remind me of Aldi.

      My wife and I missed you Thursday on our weekly trip to Aldi. I wound up pushing the basket.

      • SoCalBeachDude

        At least when you return their baskets you get your 25 cent deposit fee back!

  • SoCalBeachDude

    Ooooops! US DESTROYER COLLIDES WITH CARGO SHIP

    7 NAVY SAILORS MISSING

    http://www.nbcnews.com/news/us-news/u-s-naval-vessel-collides-merchant-ship-southwest-japan-n773521

  • SoCalBeachDude
    • df NJ

      RE: “No longer can we allow these rules and regulations to tie down our economy, chain up our prosperity, and sap our great American spirit.”

      Lobbyist control the politicians. CEOs control the lobbyists. Corporations ARE the government. Laws exist to create cartels and monopolies just the way the CEOs want it. Democrats are NOT the problem. Corporations ARE the government.

      • JC Teecher

        “Democrats are NOT the problem”

        You have lost your mind, twice. Once when you gave support to the blight of the ECB, that goes by ScBD, and now with this.
        I had a feeling that all this Jesus talk from you was just for show, as a true liberal can hardly ever change it’s true colors.

        • SoCalBeachDude

          BOTH PARTIES ARE THE PROBLEM as they are both nothing but a bunch of clueless profligate reckless spendthrifts.

  • SoCalBeachDude

    Trump’s $600 million a year: President reveals he is still making hundreds of millions from hotels, golf courses, resorts, vast property empire – and even his book is making a mint again. But still no word on his TAXES!</b<

    President Trump outline his eye-popping wealth in a 98-page official declaration, the longest ever filed by a president. Among the highlights are almost $20m in income from his D.C. hotel. The Old Post Office in the capital is at the center of a lawsuit brought by Democratic attorneys general who claim the money he receives from its breaches the emolument clause because some of it is income from foreign governments.

    As of April 2017, Trump was also receiving millions from golf courses. That included $19,752,000 from Bedminster, New Jersey, where he has spent weekends in recent months. Mar-a-Lago, which was dubbed the winter White House after it became his regular weekend retreat before it closed for the summer in May, realized an income of $37,251,635, Trump declared.

    http://www.dailymail.co.uk/news/article-4612384/Trump-officially-declares-vast-wealth.html

  • SoCalBeachDude

    PHILIPPINES CARGO SHIP = 1 USA NAVY DESTROYER = 0

    Seven sailors missing feared dead after $1.5 billion US Navy destroyer collides with 29,000 ton cargo ship at 2.30am off Japan – crushing sleeping quarters and leaving the crew ‘fighting to keep her afloat’

    Seven US Sailors are missing after the a US Navy destroyer collided with a 21,000 ton cargo ship 56 miles off the coast of Japan. The guided missile destroyer USS Fitzgerald suffered severe damage when the container ship ACX Crystal – which is almost three times the size of the naval vessel – plowed into it at 2.30am local time.

    Aerial footage shows the crushed exterior of the 9,000 ton $1.5 billion destroyer which is commanded by Commander Bryce Benson, who took over in May and was reportedly injured in the accident, according to the Navy Times. A US defense official confirmed that there are seven sailors unaccounted, and two injured and that the destroyer suffered flooding in three compartments.

    http://www.dailymail.co.uk/news/article-4612334/USS-Fitzgerald-involved-collision-merchant-vessel.html

  • JC Teecher

    In conjunction with this article, something came to mind this morning having to do with a study and writings I have concerning the Four Horseman of the coming End times. There is a word used that means, “endure, strengthen, to continue, to become powerful,” which lends to a progressive and increasing effect on the people, and it is “rise”, as in “rise up”.
    I have an extensive work on the subject of the Four Horseman, but it will have to wait until the book becomes available, but I wanted to share this part.
    It is my belief that the Four Horseman have already been unleashed, and there are many reasons for the identifications of that. Each one has its own significance for the consummation of the last days/years events.
    The first is the spirit/figurative effect of Antichrist rising, and symbolized by the rider on the White Horse, with evil and wickedness as we are witnessing from people in all walks of life, but especially from liberals.

    The second is the evilness of the spirits of communistic aggression, symbolized by the red horse, which is manifesting by aggressive behavior from communistic regimes like N. Korea and China/Russia, and also the liberal factions that have communistic approaches at gov, via our own shadow gov, and deep state.

    Thirdly, is the rise of the third Black Horse which symbolizes economics and financial hardships. For many in the world it has become a daily struggle to survive. No longer is it just Africa and other remote areas of the world. Europe, and South America is coming on strong, and which continent is left to feel the effects? North America will be next, and it will be really tough on those not prepared, mentally, physically, and most importantly, spiritually.

    The coming deaths due to a certain ideology, based on a faux religious system is symbolized by the Pale/Green Horse, and the death that has already been associated from the extremism from within, is working at a fever pitch. It will overtake a fourth of the World’s population, and is growing by leaps and bounds. It is the Islamic Nations and their power struggles for dominance of World leadership via terror and destruction and death.

    All four are here and presently growing, strengthening, and becoming more powerful…..”rising”.
    When the Black Horse (economical/financial woes) starts rearing its ugly head in North America, and famine begins to spread across the continent, then the other three will continue to rise with more strength and power. Watch for it and plan for it.

  • SoCalBeachDude

    REX NUTTING – Opinion: America’s most successful companies are killing the economy

    Winner-take-all companies, including Alphabet and Wal-Mart, are driving down wages and destroying communities

    Dominant U.S. companies have delivered amazing benefits to consumers and shareholders, but their success has also damaged our economy.

    The problem with winner-take-all capitalism is that the winners take it all and leave a mess for the rest of us to deal with.

    These companies have developed fantastic brands and wonderful products and services, but the downside to the proliferation of superstar companies is equally real: They are destroying local economies, driving down workers’ wages, shackling growth, depressing entrepreneurship and increasing the inequality that’s ripping our country apart.

    http://www.marketwatch.com/story/americas-most-successful-companies-are-killing-the-economy-2017-05-24

    • df NJ

      Everyone hates the dreaded socialism but these curves are very telling:

      https://www.youtube.com/watch?v=QPKKQnijnsM

      I want to believe laissez faire capitalism is the answer but it does not seem to be working. The lobbyists own the politicians. And the CEOs own the lobbyists. It doesn’t matter which party occupies the presidency because the lobbyists ARE the government.

      Wealth inequality is a HUGE problem. The only way out of it is by having a middle class wage that is not a poverty wage. All the money just comes back to the CEOs anyway. It would be nice if somehow the CEOs could be convinced it is in their enlightened self-interest to pay better wages. Money will be worth more and the sales increases will make them just as wealthy. But with better wages the people will be happier and congressmen don’t have to get shot in the butt.

  • SoCalBeachDude
  • df NJ

    Jesus will save us from suffering financial collapse. Jesus is Lord. All God’s blessings will come to those who believe in Jesus.

    • SoCalBeachDude

      A person’s religion has nothing whatsoever to do with the economic conditions of the US or the world. Get a clue.

      • df NJ

        That’s not what people on this blog think. This is a Jesus website.

        • SoCalBeachDude

          No, it certainly is NOT a “jesus website,” but rather is an ECONOMIC WEB SITE about the factors leading to multiple impending collapses in the US and global economies.

          • df NJ

            Many people who post here are devoted to Jesus. I just want to make them happy.

          • SoCalBeachDude

            A strong dose of ECONOMIC REALITY is the only thing that will even slightly work to change the economic disasters unfolding all over America and the world. Not religion.

  • JC Teecher

    From the SRSrocco report:

    “If the oil price continues to trend lower, and I believe it will, Saudi Arabia and the PetroDollar system will be in more trouble. The collapse of the PetroDollar system would mean the end of the U.S. Dollar supremacy and with it, the end of gold market intervention.”

    The Riders on the Pale/Green Horse from the middle East are galloping full steam ahead with their plan for world dominance, and our Shadow/Deep State liberal demoncrat (plus some repubs) gov, is supporting them. The sickness continues.

    • SoCalBeachDude

      There is no “petro dollar” system at all, and the amount of oil trading in the global economy is less than 5% of the use of the US dollar in the global economy. Oil is likely headed towards $20 per barrel or lower, but was below $10 per barrel back in 1999. More than 95% of all uses of the US dollar in the US an global economies have NOTHING WHATSOEVER TO DO WITH OIL (PETROL) and ALL COMMODITIES ARE PRICED IN US DOLLARS.

      • df NJ

        That’s a good point. There is a lot of habit to buy groceries at grocery stores. It’s not going to stop. The value of the dollar comes from the American consumer. Not just commodity pricing. The value of the dollar comes from desire. People love to copulate and make children. I have faith in the American people to continue to copulate!

        • SoCalBeachDude

          The problem is that most who do that are the ones who can least afford to do so and they are ENORMOUSLY SUBSIDIZED by the US federal tax system and that is one of the key things that needs to be changed in the tax code in America.

          • df NJ

            In New Jersey that’s not quite true. There are plenty of people with lots of money. Take lacrosse for example. It’s practically the most popular sport in NJ and it costs tons of money to play it. I think the problem is with red state America because all the factory jobs went to China.

          • SoCalBeachDude

            Huh? What does lacrosse have to do with the number of kids that couples have?

          • df NJ

            I was trying to make the point not all families are subsidized by the government.

          • SoCalBeachDude

            Not all, but NEARLY ALL families with multiple children are indeed subsidized by the US government with deductions for depending children and other benefits including Earned Income Credit which is a REFUNDABLE CREDIT whether the family pays taxes or not.

          • df NJ

            I would have loved to see the flat tax and just be done with it. But I heard two arguments against a flat tax. Someone argued it was unfair because under the current system they pay no taxes and their taxes would go up. And then I heard someone argue just because they make a lot of money why should they pay 10 times more than the person making the median wage because they are only 1 person. What is your view on the flat tax? Is it unfair?

          • SoCalBeachDude

            The notion of a so-called “flat tax” is not even agreed to as to what it means and would have to be EXTREMELY HIGH to come anywhere even slightly close to the current federal income tax system which raises around $3 trillion a year but which is still short by around $1 trillion a year against the $4 trillion that the US government is spending each year.

            There are many different notions as to a so-called “flat tax” but what most people are referred to is not a 15% to 30% across the board tax on income but rather to CONSUMPTION (VALUE ADDED) TAXES which would be enormously regressive since people with significant resources (money) spending very little of their incomes on consumption of anything whereas so-called “poor folks” spend nearly 100% (or more) of their incomes on consumption.

            Presently, the BOTTOM 50% OF AMERICANS BY INCOME PAY ABSOLUTELY ZERO in federal income taxes while the top 10% of income earners pay more than 70% of all of the federal tax receipts each year to the US Treasury and they pay MANY TIMES MORE THAN 1 person in the group that even pays federal income taxes at all.

          • df NJ

            I don’t know where you get your data but I don’t think it’s 70%. This is what I found with a quick google search:

            https://taxfoundation.org/summary-latest-federal-income-tax-data-2015-update/

            I was just talking about income tax. It doesn’t matter that the bottom 50% pay zero because their entire take home pay goes to the cost of living which is poverty levels.

            I got to go. We can finish this tomorrow. The world’s problems need to be fixed. And you and I are the only ones with the brains to do it!

          • SoCalBeachDude

            The top 20% of all income earners pay MORE THAN 80% OF ALL FEDERAL INCOME TAXES. The bottom 50% NEED TO START PAYING THEIR FAIR SHARE as they are the ones primarily consuming the expenditures of the US government and getting ENORMOUS BENEFITS including child dependency and earned income credits based on the more children they have which is a HUGE PROBLEM in the US federal income tax system.

    • SoCalBeachDude

      Oil headed to even $10 per barrel where it was in 1999 has NOTHING WHATSOEVER to do with the usage of US dollars in the world’s $72 trillion a year economy except it would free up US dollars for other uses. Right now oil is around $44 per barrel and is likely headed towards $20 per barrel based on the massive supply glut of it, but that is VERY GOOD FOR GLOBAL ECONOMIES and for the US DOLLAR which has zero dependency on oil for any of its value. Get a clue, dude.

      • df NJ

        Tons of oil floating around on the ocean. So much supply!

        • SoCalBeachDude

          Yep, we are in a MASSIVE OIL GLUT that is larger than the world have ever seen before.

    • SoCalBeachDude

      As to the value of the US dollar, it SOARS UPWARDS in purchasing power by the inverse of the amount that the price of a particular commodity FALLS DOWNWARDS. Oil is generally priced in US dollars, so if the price of oil falls by 50% then the purchasing value of the US dollar against oil SOARS UPWARDS BY 100% against the price of oil.

      That is precisely what has happened since 2014 when oil reached $114 per barrel and started falling in US dollar price and is now down to $44 per barrel which is a drop of $70 per barrel in the price of oil since June 2014 over the past 3 years which is a drop of 61% in US dollar price which means that the PURCHASING POWER OF A US DOLLAR AGAINST OIL HAS RISEN BY 122% DURING THE PAST 3 year period.

  • SoCalBeachDude

    Seven Bodies of missing sailors found in flooded compartments of U.S. destroyer

    The bodies of a number of sailors who were missing after the U.S. Navy destroyer USS Fitzgerald collided with a container vessel were found in flooded compartments of the damaged ship, the U.S. Seventh Fleet said on Sunday.

    Japanese media said all seven of the sailors who had been reported missing were found dead.

    http://www.reuters.com/article/us-usa-navy-asia-idUSKBN199020

  • Stuey

    Article states “I hope that there are no political motivations behind the Fed’s moves.” But the Federal Reserve actions are politically motivated just like everything else located in Washington DC. It is obvious to anyone with half a brain(so that excludes drugheaddude) that this is all part of the plan to destroy the economy while Trump is in office so the lay the blame onto him and keep him from getting re-elected in 2020.

    • SoCalBeachDude

      Absolutely false. The Federal Reserve has nothing whatsoever to do with politics in the US. And there certainly is no “plan” by anyone to destroy the US economy.

  • Stuey

    Since you never responded to several questions i thought you had been banned from here. But sadly i see that isn’t the case at all, you still “bless us” with your presence.

  • Stuey

    This story and link has absolutely NOTHING to do with the article on the Federal Reserve. You continue to SPAM this comments section with unrelated BS.

  • George of the Jungle

    “The severity of the recession depends on the intensity of the asset bubbles in existence prior to the inversion.”

    But . . . but . . . but . . . the current asset bubbles aren’t that “intense”, are they??? We’re screwed . . . .

  • Bruce

    Micheal, Understand that you have been the owner, host and author of this site since it’s inception many years ago. Please note that every opinion of which their have been thousands may come back to haunt you if you get into office. I wish you well and you’d be a good congressman but, man you are very vulnerable. Your opponent will have staffers reviewing every single thing you’ve ever said and then they’ll spin it the way they want it. Wear a cup friend!

  • SoCalBeachDude

    Laughably and totally FALSE, not to mention TOTALLY ABSURD assertions.

    The real issue in America related to food that is AMERICANS EAT FAR TOO MUCH FOOD which is why we have a MASSIVE OBESITY EPIDEMIC in the USA.

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