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Page added on January 16, 2020

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China’s Largest Utility Company Warns “Growth To Decelerate Sharply Through 2024”

Consumption

Ahead of tonight’s key China data dump, State Grid, China’s largest utility company, has warned the rate of economic growth in the country could plunge to 4% within the next four years, according to internal forecasts, first seen by the Financial Times.

The state-owned utility has turned bearish on the Chinese economy. It forecasts a rapid slowdown that has already dented energy demand across all 23 provinces and could last until 2024.

Already, ten of the company’s 25 regional operations reported a loss in 2019, according to company insiders, resulting in decreased capital expenditures.

One official from the utility company, who asked not to be identified, said the economy was booming, and generally, that meant internal estimates about the economy were overly bullish. But now, it appears the exact opposite, and internal estimates show China’s economy is decelerating while official GDP estimates are up.

“We used to be more bullish than the market consensus,” the official said. “Now, we are doing the opposite.”

The Times notes that State Grid’s infrastructure spending has been a reasonably good barometer of China’s investment-driven economy. That is because infrastructure investment, in State Grid’s case, has been driven by the government. With the decreased investment, this suggests a slowdown in the economy is expected to persist through 2020.

Last month, the People’s Bank of China (PBoC) said the economy is expected to remain in a slump for the next five years, essentially confirming State Grid’s bearish economic outlook.

Liu Shijin, a policy adviser to the PBoC, said the country’s GDP will decelerate through 2025 and could print in a range of 5 to 6%.

Shijin warned that excessive monetary policy is failing to stimulate the economy and could cause it to rapidly decelerate.

China’s economic growth has already crashed to a three-decade low. State Grid’s worst-case scenario is a 4% GDP print by 2024.

“We were upbeat about China’s power demand five years ago because the economy was still robust and 7 or 8 percent GDP growth was the bottom line,” the official said. “No one expected growth to decelerate so sharply.” He warned that 4% growth by 2024 was the utility’s worst-case scenario.

China’s failure to stimulate its economy is illustrated in the chart below. Credit creation isn’t raising electricity demand seen on a Y/Y basis.

To gain more color on China’s slowdown, Fathom Consulting’s China Momentum Indicator 3.0 (CMI 3.0), which provides a more in-depth view of China’s economic activity than the official Chinese GDP statistics.

CMI 3.0 is based on ten alternative indicators for economic activity; some of those indicators include railway freight, electricity consumption, and the issuance of bank loans.

State Grid’s bearish outlook on the economy is some of the first internal data from a state-owned company confirming our thoughts that China’s massive money printing, as of early 2020, isn’t working and the country is headed for a prolonged slowdown.

And this is more bad news for global stocks at all-time highs expecting a massive rebound in China/global economy.

zerohedge


74 Comments on "China’s Largest Utility Company Warns “Growth To Decelerate Sharply Through 2024”"

  1. makati1 on Thu, 16th Jan 2020 7:48 pm 

    Amerikans might want to look in the mirror: “US Demand for Electricity Declined in 2019 & Stagnated for a Decade, but 2020 Capacity Additions Are Wild”

    https://wolfstreet.com/2020/01/15/us-demand-for-electricity-declined-in-2019-stagnated-for-a-decade-but-2020-capacity-additions-are-wild/

    Depending too much on EVs and other electric powered stuff. Another sign of the “degrowth” in Amerika. Except in drug deaths: “Number of U.S. drug deaths may be twice as high as thought”

    https://www.upi.com/Health_News/2020/01/16/Number-of-US-drug-deaths-may-be-twice-as-high-as-thought/1381579149294/

    And the beat goes on…

  2. Anonymouse on Thu, 16th Jan 2020 10:41 pm 

    You just know the exceptionaltard is going to be all over this one. It has the everything a dumbass could ever want.

    1) It is premised on the (unproven) notion that China’s economy is in trouble, in some un-specifdied way. As if 4% growth is now considered a sign of impending economic disaster. Or something.

    2) It comes from his favorite, and (only), dis-information source that truly matters.

    ZeroIQ.

    The go-to ‘new’s source, for stupid amerikans. Or just just plain stupid-period.

    What’s not to like, right dumbass?

  3. makati1 on Fri, 17th Jan 2020 12:07 am 

    Anon, some of the articles posted on ZH are from other, good, outside sources, but, yes, anything by the site owner is bullshit. He tends to heavy Sinophobia with a side order of Russophobia. Does that remind you of anyone here? lol

  4. DerHundistLos on Fri, 17th Jan 2020 4:14 am 

    A 4% annualized rate of growth in which the economy doubles in size in only 17.5 years is described by Zero Hedge as “bearish”?

    More Zero IQ stupidity.

  5. For Annoymouse & makato on Fri, 17th Jan 2020 5:19 am 

    “Anonymouse on Thu, 16th Jan 2020 10:41 pm You just know the exceptionaltard is going to be all over this one. It has the everything a dumbass could ever want. 1) It is premised on the (unproven) notion that China’s economy is in trouble, in some un-specifdied way. As if 4% growth is now considered a sign of impending economic disaster. Or something.”
    Another stupid armchair economist. I love to kick you intot he dirt, annoy. First of all 4% growth is a disaster for an economy that is built on 6% but you and the senile old man are uneducated and only look at 4% and think wow other economies are 2 and bellow.

    2) It comes from his favorite, and (only), dis-information source that truly matters. ZeroIQ.
    You don’t like zero Hedge because it messes with your agenda. Go to the source that is discussed and that is the China Utility and try to tell me they are Zero IQ. What a low IQ idiot

    “The go-to ‘new’s source, for stupid amerikans. Or just just plain stupid-period.What’s not to like, right dumbass?”
    LOL, dumbass is angry

    makati1 on Fri, 17th Jan 2020 12:07 am Anon, some of the articles posted on ZH are from other, good, outside sources, but, yes, anything by the site owner is bullshit. He tends to heavy Sinophobia with a side order of Russophobia. Does that remind you of anyone here? Lol
    OH Dear, there the senile old man goes with his Sinophobia and Russophobia. Any news that interferes with the makato agenda is considered a phobia. Maybe it is makatophobia instead

  6. Davy on Fri, 17th Jan 2020 5:52 am 

    “Capitalism In America: How A Dismal Decimal Is Robbing Americans Blind”
    https://tinyurl.com/vchg2ww zero hedge

    “There is no hiding anymore, the United States has become an oligarch owned banana republic with nukes, and with a monopoly currency which has allowed it to rig the markets for half a century. But now we are only a couple of hours from curtain – Midnight in America.”

    “With the stock market at all-time highs, virtually no unemployment (or so they say), and brisk GDP growth (supposedly) in the last decade, economic analysts would declare that the US economy is in excellent shape. But, it isn’t. The stock market is a central bank inflated asset bubble, and what GDP growth there has been, is an illusion brought about by the very same financial bubble and by pumping the economy up with record federal borrowings to finance the deficits that America cannot afford. Rigged statistics showing artificially low inflation serve to hold together the Trumped-up American economic narrative. (About the rigged inflation statistics, see this report). And the low unemployment figure is nothing but a chimera based on misleading statistics.”

    “In reality, the US economy is failing – and the country with it.”

  7. Cloggie on Fri, 17th Jan 2020 5:56 am 

    Total catastrophe!
    China’s growth reduced to… 6.1%

    https://www.reuters.com/article/us-china-economy-gdp-instantview/instant-view-chinas-economic-growth-slows-to-61-in-2019-near-30-year-low-idUSKBN1ZG092

    “Instant View: China’s economic growth slows to 6.1% in 2019, near 30-year low”

    Recession!
    Collapse!

    ROFL

    Seriously, if Chinese growth stops in 2024 and Donnie retreats, that’ll be the day for China to claim planetary pole position and tell the Americans to get lost out of East-Asia, to begin with from the South-China Sea or else.

  8. Davy on Fri, 17th Jan 2020 6:25 am 

    Damn cloggo. The last year the US surpassed 6% was in 1984. That was 36 years ago.

  9. Cloggie on Fri, 17th Jan 2020 6:34 am 

    JuanP that is you not Davy. Stop the bullshit

  10. Cloggie on Fri, 17th Jan 2020 6:34 am 

    JuanP that is you not Davy. Stop the bullshit

  11. JuanP on Fri, 17th Jan 2020 6:38 am 

    Sorry Coggie, I can’t stop trolling Davy. This has gone on three years and I am so invested in the behavior I can’t stop. Have I told you I have a severe obsessive compulsive personality issue?

  12. Davy on Fri, 17th Jan 2020 6:43 am 

    Oops, sorry for the double post y’all. I accidentally dropped my phone.

  13. Davy on Fri, 17th Jan 2020 6:46 am 

    Europe stagnating and the US coming on strong.

    “US Demand for Electricity Declined in 2019 & Stagnated for a Decade, but 2020 Capacity Additions Are Wild”
    https://tinyurl.com/terda4d wolf street

    “Stagnating electricity sales over the span of a decade, despite population growth and economic growth, is a function of many factors, ranging from higher efficiencies – for example, in the residential sector, LED light bulbs and more efficient HVAC equipment and appliances – to sending more manufacturing offshore, such as auto production. For example, new-vehicle imports from Mexico have nearly doubled since 2011… Generating capacity additions in 2020 shift to wind & solar. In total, 42 gigawatts (GW) of capacity via new power plants and small-scale installations (such as rooftop solar) will be added in 2020, and 11 GW of mostly old inefficient powerplants will be retired, for a net addition of 31 GW in capacity, according to the EIA’s generator survey, which provides estimates by power plant developers and owners about the capacity they’re planning to add or retire. And of those 42 GW of capacity additions, 32 GW (76%) will be wind and solar (utility-scale and rooftop solar) – breaking all records. This is particularly interesting when we look at US electric generation by source, which in 2018, came mostly from these four sources (not including rooftop solar): Natural Gas: 35.2% Coal: 27.5% Nuclear: 19.4% Renewables: 16.9% Hydro: 7.0% Wind: 6.5% Solar (does not include rooftop solar): 1.5% Biomass: 1.4% Geothermal: 0.4%. In addition, the EIA estimates that about 0.7% (or 30 gigawatt hours) of total generation in 2018 came from rooftop solar systems, which would bring the share of solar to about 2.2% in 2018 and the share of renewables to about 17.5% of total generation…Of the 42 GW of new capacity that the EIA expects to start commercial operations in 2020, wind accounts for 44%; solar for 32%; and natural gas for 22%. The remaining 2% of the additions will come from hydropower and battery storage. There are no coal-fired power plants scheduled to start commercial operations this year. But the capacity additions of wind and solar are breaking all records (chart via EIA):.. Capacity retirements in 2020: Of the 11 GW in scheduled capacity retirements in 2020, coal power plants will account for 51%, natural gas power plants for 33%, and nuclear power plants for 14%”

  14. Cloggie on Fri, 17th Jan 2020 6:47 am 

    This is from JuanP not Davy:

    Davy on Fri, 17th Jan 2020 6:43 am Oops, sorry for the double post y’all. I accidentally dropped my phone.

  15. REAL Green on Fri, 17th Jan 2020 6:52 am 

    This is from Davy not Cloggie:

    Cloggie on Fri, 17th Jan 2020 6:47 am This is from JuanP not Davy:

  16. Cloggie on Fri, 17th Jan 2020 6:56 am 

    Sorry, JuanP we know it is from you. The only REAL Green is if the handle link goes to realgreenadaptation.blog not your ID theft https://www.mayoclinic.org/diseases-conditions/schizophrenia/symptoms-causes/syc-20354443

    You are easy to figure out being low IQ high school drop out.

  17. CloggieFraud Reports on Fri, 17th Jan 2020 7:32 am 

    Yeah, stop picking on my buddy, DavyTurd. You know how much we care for each other.

    Either Cloggie is a big poofer or it’s ID Theft. The later for sure.

  18. Cloggie on Fri, 17th Jan 2020 7:41 am 

    More Low IQ JuanP trolling. He has eally turned into a disgrace for this forum that at one time offered great insights. Pathetic:

    CloggieFraud Reports on Fri, 17th Jan 2020 7:32 am Yeah, stop picking on my buddy, DavyTurd. You know how much we care for each other. Either Cloggie is a big poofer or it’s ID Theft. The later for sure.

  19. makati1 on Fri, 17th Jan 2020 9:50 am 

    Davy,

    Even for you, a new low has been reached.

    You’re either too dumb or you refuse to accept the reality that “JuanP” is a collection of readers and posters who despise your bullying, lies, hypocrisy and overall disgusting personality.

    Dumbass.

  20. Cloggie on Fri, 17th Jan 2020 9:52 am 

    To: Davy The ID Thief

    Stop constantly stealing my identity, exceptionalist loser.

  21. Duncan Idaho on Fri, 17th Jan 2020 10:14 am 

    ‘I Made a Lot of Bankers Look Very Good,’ Brags Trump as Wall Street Titans Enjoy $32 Billion Tax Bonanza

    https://www.commondreams.org/news/2020/01/16/i-made-lot-bankers-look-very-good-brags-trump-wall-street-titans-enjoy-32-billion

    The Fat Boy helping a few friends

  22. Duncan Idaho on Fri, 17th Jan 2020 10:20 am 

    “New figures for Boeing’s sales in 2019 show an unprecedented plunge from 893 airplanes ordered in 2018 to just 54.

    In 2019 rival Airbus sold 768 airplanes. ”

    The Euros are kicking azz—-

  23. Cloggie on Fri, 17th Jan 2020 10:38 am 

    “The Euros are kicking azz—-”

    People like you are the only ones we would accept as New Europeans (including Canadians, Australians, New Zealanders included. Heck even the English, if they promise to behave and show they have Bregret).

    It’s an option. Consider your options wisely at end of the American Era…

    https://www.amazon.com/End-American-Era-Geopolitics-Twenty-first-ebook/dp/B000XUDGTY/ref=sr_1_5

    …and kickstart a New European Era, without the Soros bunch.

    Sorry mobby.

  24. Cloggie on Fri, 17th Jan 2020 10:57 am 

    Airbus-Boeing, rivals no more:

    https://www.statista.com/statistics/264492/aircraft-orders-from-airbus-and-boeing/

    “Number of gross orders for Airbus and Boeing aircraft between 2006 and 2019”

  25. Duncan Idaho on Fri, 17th Jan 2020 10:58 am 

    Energy Companies Have a Great Friend At Trump’s Interior Department: Their Former Lobbyist

    https://www.motherjones.com/environment/2020/01/energy-companies-have-a-great-friend-at-trumps-interior-department-their-former-lobbyist/

  26. Davy on Fri, 17th Jan 2020 11:03 am 

    “Davy, Even for you, a new low has been reached. You’re either too dumb or you refuse to accept the reality that “JuanP” is a collection of readers and posters who despise your bullying, lies, hypocrisy and overall disgusting personality.”

    LOL. makato. What a dumbass and that type of comment is typical from you the board unaware senior. I do admit JuanP has multiple personalities. Go to bed stupid you just muck the place up with your senior moments.

  27. Cloggie on Fri, 17th Jan 2020 11:04 am 

    To: JuanP The ID Thief

    Stop constantly stealing my identity, exceptionalist loser.

  28. Cloggie on Fri, 17th Jan 2020 11:10 am 

    https://www.sasgroup.net/en/sas-welcomes-the-first-a350-and-reveals-unique-features/

    SAS WELCOMES THE FIRST A350 AND REVEALS UNIQUE FEATURES

    December 9, 2019 10:45

    The first of eight Airbus A350s has officially entered SAS’ fleet and from the 28th of January 2020 travelers will be able to experience the world’s most modern and fuel-efficient long-haul aircraft.

    Showcasing innovative technologies and design, it offers a new and more sustainable way of traveling long haul, to and from Scandinavia… With this aircraft we reduce the fuel consumption compared with the aircraft it replaces, which means reduced carbon emissions by up to 30 percent. Also, the external noise foot print will be reduced by 40 percent.

    https://www.youtube.com/watch?v=bTSbpP4Iw5U

    I don’t think Boeing has any other option than return to the design table, as they face the potential of both a buyer’s strike as well as a passenger’s strike (“If it’s a Boeing… etc.”).

  29. Duncan Idaho on Fri, 17th Jan 2020 11:14 am 

    Quid pro quos all over the place

    https://digbysblog.net/2020/01/quid-pro-quos-all-over-the-place/

  30. JuanP on Fri, 17th Jan 2020 11:18 am 

    cloggie and his airbus fetish. He gave up on the royal family tabloid shit and brexit derangment. Now cloggie is an airbus freek.

  31. JuanP on Fri, 17th Jan 2020 11:19 am 

    “Quid pro quos all over the place”

    Mostly with the Dimocrats though

  32. JuanP on Fri, 17th Jan 2020 11:21 am 

    “The Euros are kicking azz—-”

    Duncan, you are a true anti-American. Congradulations on your hatred. I approve of it!

  33. The Board on Fri, 17th Jan 2020 11:26 am 

    Please everyone. Do not feed the davy troll.

  34. Cloggie on Fri, 17th Jan 2020 1:04 pm 

    JuanP, everyone know you are the troll so stfu

  35. Davy on Fri, 17th Jan 2020 2:05 pm 

    “Will The US Obsession With Sanctions Destroy The Dollar?”
    https://tinyurl.com/v73j9re zero hedge

    “When the US places financial sanctions one one country, it de facto sanctions many other countries as well — including many of its allies.”

    “In recent years, the US has been most active in imposing new sanctions on Russia and Iran, with many consequences for US allies who are still open to doing business with both of those countries.”

    “As a result, some European politicians are increasingly looking for ways to get around US sanctions . In a tweet last week, Germany’s deputy foreign minister Niels Annen wrote “Europe needs new instruments to be able to defend itself from licentious extraterritorial sanctions.””

    “Another “senior German government official” concluded, “Washington is treating the EU as an adversary. It is dealing the same way with Mexico, Canada, and with allies in Asia. This policy will provoke counter-reactions across the world.”

    “All of this is viewed with alarm by not only Europe, but by China and Russia as well. The near-constant stream of threats by the US administration to impose ever harsher limits and sanctions on both China and Europe has pushed the rest of the world to accelerate plans to get around US sanctions. After all, as of mid-2019, the US had nearly 8,000 sanctions in place against various states and organizations and individuals. The term now being used in reference to American sanctions is “overuse.” It was one thing when the US imposed sanctions in some extreme cases. But now the US appears increasingly fond of using and threatening sanctions regularly, without consulting allies.”

    “This makes continued US dominance in this regard less likely as allies the world pour more and more resources into ending the US-SWIFT control of the system. In a 2018 report, “Towards a Stronger International Role of the Euro,” the European Commission described U.S. sanctions as “wake-up call regarding Europe’s economic and monetary sovereignty.””

    “The effort still has a long way to go, but perhaps not as far as many think.”

  36. JuanP on Fri, 17th Jan 2020 2:10 pm 

    “Will The US Obsession With Sanctions Destroy The Dollar?”
    https://tinyurl.com/v73j9re zero hedge

    “When the US places financial sanctions one one country, it de facto sanctions many other countries as well — including many of its allies.”

    “In recent years, the US has been most active in imposing new sanctions on Russia and Iran, with many consequences for US allies who are still open to doing business with both of those countries.”

    “As a result, some European politicians are increasingly looking for ways to get around US sanctions . In a tweet last week, Germany’s deputy foreign minister Niels Annen wrote “Europe needs new instruments to be able to defend itself from licentious extraterritorial sanctions.””

    “Another “senior German government official” concluded, “Washington is treating the EU as an adversary. It is dealing the same way with Mexico, Canada, and with allies in Asia. This policy will provoke counter-reactions across the world.”

    “All of this is viewed with alarm by not only Europe, but by China and Russia as well. The near-constant stream of threats by the US administration to impose ever harsher limits and sanctions on both China and Europe has pushed the rest of the world to accelerate plans to get around US sanctions. After all, as of mid-2019, the US had nearly 8,000 sanctions in place against various states and organizations and individuals. The term now being used in reference to American sanctions is “overuse.” It was one thing when the US imposed sanctions in some extreme cases. But now the US appears increasingly fond of using and threatening sanctions regularly, without consulting allies.”

    “This makes continued US dominance in this regard less likely as allies the world pour more and more resources into ending the US-SWIFT control of the system. In a 2018 report, “Towards a Stronger International Role of the Euro,” the European Commission described U.S. sanctions as “wake-up call regarding Europe’s economic and monetary sovereignty.””

    “The effort still has a long way to go, but perhaps not as far as many think.”

  37. JuanP on Fri, 17th Jan 2020 2:12 pm 

    Kunstler: The Democratic ‘Resistance’ Is “Titanically Self-Unaware”
    So titanically self-unaware is the Democratic Resistance that it failed to grok it was actually signing the party’s death warrant Wednesday, complete with official Nancy Pelosi commemorative black-and-gold signature pens. And that their solemn, prayerful journey from one side of the Capitol building to the other was actually the conveyance of that death warrant in what amounted to the party’s funeral march. Remember this eternal paradox of the human condition: people get what they deserve, not what they expect. Could you look at the line-up of Democratic impeachment managers without laughing? Was there ever such a band of hapless, misbegotten ninnies assembled for a suicide mission? Led by the waddling homunculus, Jerrold Nadler, side-by-side with Adam Schiff, oozing a flop-sweat of falsehood, a rank cloud of bathos trailed the procession to the Senate side with its pathetic bill-of-particulars. Could they actually be so dim as to proffer “abuse of power” and “obstruction of congress” as articles of impeachment? These two figments would be laughed out of a second-year law school mock court. Legal necromancers of the future, with all the time in the world, may never unpack the intended meaning of these charges besides “we hate you” and “you hurt our feelings.” But it’s up to the Senate of today to dispose of them procedurally one way or another, and the exercise is sure to be a high order of entertainment. In a sane world of rational adults, these charges would be coolly dismissed out-of-hand as lacking any discernible malfeasant substance. As we live in a time of hysteria, the normal rules don’t apply. That being the case, the defense should spare no mercy in unmasking the bad faith and fraud on offer by doing what the House Democrats have asked for, calling witnesses, so as to walk the Democrats into the fiery furnace of humiliation and infamy they so richly deserve. Wouldn’t you like to hear from the legendary “whistleblower,” since his actions provoked this chapter of the three-year orchestrated coup to oust Mr. Trump? If it’s a basic tenet of law that a defendant has a right to face his accuser, can there be any further excuse for concealing this person’s identity — whose supposed right to anonymity, by the way, has been one of the signal frauds of the whole episode. Would it not be instructive to seat his mentor and former boss, John Brennan, in the witness chair and give him another opportunity to perjure himself? We must also hear from Michael Atkinson, the “whistleblower’s” enabler and Lawfare warrior Mary McCord, Atkinson’s former boss at the DOJ national security desk, who apparently stage-managed the “whistleblower’s” doings through Adam Schiff’s House intel Committee. Mr. Schiff would be the ripest witness of all, of course, since he has left a trail of falsehoods and fabrications longer than the Pacific Trail — but it’s unclear just now whether the Senate rules will allow a manager to be called to testify. There is also much to be unraveled about the American mischief in Ukraine — which includes, but goes far beyond — the arrant grift of Hunter Biden. For example, the relationships between between the George Soros-backed NGO Atlantic Council and Burisma, the NatGas company that put Hunter B on its board, and Ukrainian oligarch Victor Pinchuk, board member of the Atlantic Council (and $25-million contributor to the Clinton Foundation), and Dmitri Alperovitch (also Atlantic Council) co-founder of Crowdstrike, the company that “examined” the supposedly “hacked” DNC servers, and Hillary Clinton herself, the self-dealing Secretary of State behind the international pay-for-play charity fraud she operated while in office. Also bring back former US Ambassador to Ukraine Marie Yovanovitch to ‘splain the actions she took to conceal all these machinations, as well as her role in operating the 2016 Kiev Hillary campaign office. What would soon be obvious is that the precipitating “whistleblower” caper was an effort to divert attention from a network of Americans that used a politically captive Ukraine — following the Maidan Revolution of 2014 — to protect an enormous racketeering operation threatened by the candidacy, and then the election, of Mr. Trump. Naturally, they are desperate to get him out of the way. So many of the facts are already publicly known and documented about these matters that the legal machinery has yet to catch up with it all. And when it does, the Democratic Party will have driven a wooden stake through its own depraved heart.

  38. Davy on Fri, 17th Jan 2020 2:15 pm 

    Death to the Empire!

    Go Trump!

  39. JuanP on Fri, 17th Jan 2020 2:16 pm 

    Death to the JuanP!

    Go REAL Green!

    realgreenadaptation.blog

  40. JuanP on Fri, 17th Jan 2020 2:17 pm 

    I agree with Davy.

    Death to the Empire!
    Go Trump!

  41. JuanP on Fri, 17th Jan 2020 2:20 pm 

    fuck the troll JuanP

  42. JuanP on Fri, 17th Jan 2020 2:20 pm 

    Go back to South America parasite

  43. Davy on Fri, 17th Jan 2020 2:32 pm 

    I’m going back to Europe. Thats where my gimmigrant familys from.

  44. Cloggie on Fri, 17th Jan 2020 2:49 pm 

    Normally people turn to the political right by the time the first tax assessment drops on the doormat and it begins to dawn on our professional idealist and do-gooder (at dad’s expense) that there is no limit to the number of people with designs on your wallet.

    Kunstler however, as the Jacomo Casanova that he is, managed to “hold in” until old age. He no longer does.

  45. Cloggie on Fri, 17th Jan 2020 2:54 pm 

    Megxit will be done before Brexit:

    https://www.dailymail.co.uk/news/article-7899875/Queens-aides-finalise-details-Megxit-deal-announcement-imminent.html

    “Queen’s aides finalise details of Megxit deal with announcement ‘imminent’ on future of Prince Harry and Meghan Markle after couple announced plan to quit royal life”

    For people who never understood why I was so “obsessed” by Brexit… well some people will never understand that a house (in casu The West) is on the verge of collapse, until it actually does collapse… on their clueless heads.

    Likewise, we are witnessing here Meghan Markle, at the start of the runway towards the presidency-2024.

    Walk-on, nothing to be seen.

  46. Davy on Fri, 17th Jan 2020 3:31 pm 

    “For people who never understood why I was so “obsessed” by Brexit… well some people will never understand that a house (in casu The West) is on the verge of collapse, until it actually does collapse… on their clueless heads.”

    Cloggo, you are mistaking the West for globalism because you want it to be the west so your fantasy PBM Empire will rise from the ashes. If it is globalism then you would have to realize we are all going down together and what awaits us all is nasty and painful. You are the most delusional idiot here. LMFAO…Sorry you are still an order of magnitude better than the true idiot juanPee the lunatic troll.

  47. JuanP on Fri, 17th Jan 2020 3:33 pm 

    “We Need A Full Investigation”: Bannon Accuses Pelosi, Schiff And MSM Of Colluding On 11th Hour Impeachment Bombshells
    Former White House chief strategist Steve Bannon has called for a full investigation into coordination between Congressional Democrats and members of the media, after articles of impeachment against President Trump appear to have been deliberately ‘slow walked’ in order to coincide with two ‘bombshell’ developments in the Ukraine story. “Why did they time this? Why did they wait?” asked Fox Business host Trish Regan. “First off, Rachel Maddow should be a witness of fact now. She should be brought in,” replied Bannon – referring to the seemingly coordinated media blitz surrounding Lev Parnas, an indicted former Rudy Goiliani associate whose undated, hand-written notes appear to support the claim that President Trump pressured Ukraine into investigating Joe Biden for corruption. “We ought to have all the emails and all the text messages between Schiff, between Nancy Pelosi, Phil Griffin at MSNBC News. We ought to bring the whole thing out. How did this get dropped? Why have they been working on this for so long? How did this just come about at the last second? She admitted she’s been working on this for months, and the House just got this. The Republicans didn’t even see this when the vote when down,” said Bannon, adding “This is now a complete farce.” “I think there was collusion between MSNBC, Rachel Maddow, Lev Parnas’s attorneys, and the entire process.” -Steve Bannon “So why did this not come forward earlier?” asks Regan. “You know why, because they wanted to drop their “big reveal,” this was going be such a big bombshell. This is all total hearsay from a guy trying to talk his way into a lesser sentence because he’s already indicted. It’s so obvious what he’s trying to do.” Adding to the collusion / ‘slow walk’ theory is the completion of a report by the Government Accountability Office (GAO) requested by Democratic Senator Chris Van Hollen, which found that President Trump’s pause of US aid to Ukraine violated the law. Of note, virtually every previous administration has received a similar nastygram from the GAO – just not the day after directly related impeachment articles were delivered to the Senate ahead of a trial. Fmr #Trump Chief Strategist #SteveBannon calls for FULL probe of #RachelMaddow, #MSNBC for their monthslong #LevParnas ‘investigation.’ #TrishRegan pic.twitter.com/PD5uyuRThu — Trish Regan (@trish_regan) January 17, 2020

  48. makati1 on Fri, 17th Jan 2020 4:34 pm 

    Delusional Davy, MY last post was on Fri, 17th Jan 2020 12:07 am. ALL after is you or ???.

  49. JuanP on Fri, 17th Jan 2020 4:43 pm 

    STFU Mak, they were all from me. Get a grip I am now rouge. You are one my list of troll bait. You have been warned!

  50. makati1 on Fri, 17th Jan 2020 4:44 pm 

    I’m sorry Juan. I will be silent and follow your lead

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