Monday, January 22, 2024

00:00. So what are you going to do? You're going to get squeezed out because you have no chance at all to maintain your order.  What does that mean? That means the Western financial institutions--JP Morgan, City Group, Goldman Sachs, European banks are going to lose control of all that collateral, which is massive, and that's, I think, only a question of time.  I mean it's not a question of whether, it's just a question of when, and I think we're not looking at a 10-year thing; I think we're looking at the next year or two.

00:33. And I'm telling you that the people who don't have any collateral are the ones who are trying to keep the collateral as cheap as possible for their banks because it's they're banks that are underwater, and it's not JP Morgan; it's not Goldman Sachs; it's not Morgan Stanley.  Sorry.  It's Commerce Bank.  It's Barclay's.  It's Credit Agricola. it's Intesa Sanpaolo.  It's these banks.

Part I

 

00:00. They are going to continue to escalate; they need a war somewhere, and they're desperately lashing out across all the theaters--the Middle East, the Ukraine, China. 

00:10. Pakistan and Iran this morning are getting ready to restore diplomatic ties.  " but I thought last week they were going to war because they sent missiles at each other?"

03:45. Davos this week is hilarious because two years ago it was "Build Back Better," and now it's "Rebuilding Trust" because you broke everything on purpose and now have the temerity to stand there and say,  "Oh, it's your fault."  This was the best part about this.  Did you listen to Klaus Schwab's speech? Did you listen to Ursula von der Leyen's speech?  What you heard from them was "It's your fault you lost faith in us."  But we're like, "You broke the world on purpose to abuse us into going along with your insane, stupid plans, and they're like, "It's still your fault."

04:18. Because with narcissists the victim is always to blame.  The pathology here is very clear.  We've all grown up in homes or had friends do this to us.  And this tracks on the global as well. The rules of reading charts, no matter what the time frame, one minute, 5 minute, one day, one month, one year, the rules are the same.  Doesn't matter the time frame; it matters the scale.  The same thing with psychology. Human psychology also scales from the individual to the to the group. 

05:15. Basically their message is "Look what you made us do."

05:21. Or they grab for the belt and they start beating you, "Why are you making me beat you!"

Part II

PETER ST ONGE: Meanwhile, the economy lost 1.5 million full-time jobs -- in a single month. Replaced by gig work, Doordash, and government jobs.

This week, Washington hatched yet another job report that looks fantastic on the outside and it's pretty nasty under the hood.  According to the Labor Department, employers added 216,000 jobs in December, outpacing forecasts the New York Times reported with glee and leaving the unemployment rate unchanged at a respectable 3.7%.  The Associated Press could barely hold on to their adjectives, telling readers it was a robust number reflecting continued economic strength in a healthy economy indeed that it was evidence that the FED may be able to achieve a notoriously difficult soft landing that would be notorious as in the FED has never pulled it off in 110 years and literally dozens of attempts alas if you've been paying attention you won't be surprised that under the hood it was a brutal report my friend went through the numbers for starters the economy actually lost 1.5 million full-time jobs in a single month replaced by part-time gigs so second jobs and doordash which have now hit nearly 9 million gigs that are counted as Jobs next the Department of Labor quietly revised down almost every single job report in 2023 slashing it all $430,000 imaginary jobs that's $40,000 per month in other words those jobs never existed they were figments of the imagination of well-paid government statisticians now getting 10 out of 11 wrong all in the same direction is pretty impressive after all true mistakes should break about 50/50 of course it's different when you are paid to make mistakes and have these so called birth death statistical model to Black Box your way to whatever number the narrative requiresAnd suddenly those imaginary jobs were all private sector so government jobs actually grew more than reported 23 million parasites or government workers as burdens on the rest of the economy now keep in mind every one of those government jobs is paid for by multiple real jobs in fact last month that ratio was just three private sector jobs holding up every government job so you can look at it as you have a hand you have to hand a government worker a third of your salaryTo cover his bills on top of the rest of what government spends on Wars climate vote buying and so on now in case you wondered how they blow through so many trillions so fast there you go the final mystery is if all those jobs are fake why is official unemployment still so low and that's easy because 700,000 Americans dropped out of the labor force in a single month adding to the millions who have dropped out since covid where did they all go some gave up all togetherSo called discouraged workers others went on government benefits likely for life neither are counted as unemployed.  They may as well be retired and sprawled on a sofa on a San Francisco corner telling up those missing workers we would have about not 6 million unemployed at 3.7% in reality would be closer to 11 to 13 million unemployed.  With a jobless rate closer to 7%. 

So what's next?  In recent videos, I've characterized our job market as government jobs Door Dash and motivated government statisticians this report keeps it up.  The media does everything to hide it, but going by polling, Americans are choosing to believe their eyes.  Now the question is, will they vote what they see?

Sunday, January 21, 2024

“God Made a Farmer”

"God Made a Farmer," Paul Harvey, 1978. 

U.S. Special Presidential Envoy for Climate, John Kerry, Supreme Grifter

Pennsylvania Congressman, Scott Perry.  Watch to the end.  Pure gold.  The hearing took place on July 13, 2023John Kerry is currently serving as the first U.S. Special Presidential Envoy for Climate.  

Tax his tobacco, Tax his drink; Tax him if he Tries to think.