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Page added on December 11, 2017
The Biggest Bubble Ever, In Three Charts
Each quarter, Credit Bubble Bulletin’s Doug Noland posts a “flow of funds” report that analyzes the debt and securities markets data released by the Fed in its Z.1 Report. It’s always shocking to see the numbers we’re dealing with, but even more so lately as history’s biggest financial bubble starts to dwarf its predecessors.
Here’s some of the scarier data in chart form, with Noland’s commentary:
To the naked eye, percentage debt growth figures for the most part don’t appear alarming. But there’s several unusual factors to keep in mind. First, the outstanding stock of debt has grown so enormous that huge Credit expansions (such as Q3’s) don’t register as large percentage gains. Second, overall system debt growth continues to be restrained by historically low interest-rates and market yields. Debt simply is not being compounded as it would in a normal rate environment. And third, it’s a global Bubble and a large proportion of global Credit growth is occurring in China, Asia and the emerging markets. U.S. securities markets continue to be a big target of international flows.
With global Bubble Dynamics a dominant characteristic of this cycle, it’s appropriate to place Rest of World (ROW) data near the top of Flow of Funds analysis. ROW holdings of U.S. Financial Assets jumped $724 billion (nominal) during the quarter to a record $26.347 TN. This puts growth over the most recent three quarters at a staggering $2.124 TN (16% annualized). What part of these flows has been associated with ongoing rapid expansion of global central bank Credit? It’s worth recalling that ROW holdings ended 2007 at $14.705 TN and 1999 at $5.639 TN. As a percentage of GDP, ROW holdings of U.S. Financial Assets ended 1999 at 57%, 2007 at 100%, and Q3 2017 at a record 135%.
Meanwhile, the Fed’s Domestic Financial Sectors category expanded assets SAAR $2.841 TN during Q3 to a record $95.213 TN. In nominal dollars, the Financial Sector boosted assets a notable $5.085 TN over the past three quarters, almost 8% annualized growth. Notably, the sector’s holdings of Debt Securities surged a nominal $775 billion in three quarters to a record $25.425 TN. Pension Funds were a huge buyer of Treasuries during the quarter (SAAR $1.075 TN). Over the past three quarters, the Financial Sector boosted holdings of Corporate & Foreign Bonds by nominal $427 billion to $8.026 TN. More very big numbers.
One doesn’t have to look much beyond the booming Rest of World and Domestic Financial Sector to explain ongoing over-liquefied securities markets. The numbers confirm a historic financial Bubble.
Total Equities Securities jumped $1.229 TN during the quarter to a record $43.969 TN, with a one-year gain of $5.923 TN (16.4%). Equities jumped to a record 224% of GDP, compared to 181% at the end of Q3 2007 and 202% to end 1999. Debt Securities gained $171 billion during Q3 to a record $42.385 TN, with a one-year gain of $1.080 TN. At 217% of GDP, Debt Securities remain just below the record 223% recorded in 2013.
This puts Total (Debt & Equities) Securities up $1.400 TN during the quarter to a record $86.080 TN. Total Securities inflated $7.003 TN, or 9.1%, over the past year. Total Securities experienced cycle tops of $55.261 TN during Q3 2007 and $36.017 TN to end March 2000. Total Securities ended Q3 2017 at a record 441% of GDP. This outshines the previous cycle peaks of 379% for Q3 2007 and 359% at Q1 2000. One more way to look at post-crisis securities market inflation: Total Securities ended Q3 $30.819 TN, or 56%, higher than the previous cycle peak in Q3 2007.
There’s no doubt that financial sector leveraging and foreign flows (especially through the purchase of U.S. securities) continue to play an integral role in the U.S. Bubble. Inflating asset prices and resulting bubbling U.S. Household Net Worth are instrumental in fueling the overall U.S. Bubble Economy.
As we think ahead to 2018, the question becomes how vulnerable U.S. securities markets are to waning QE and reduced central bank Credit expansion. Inflating a Bubble creates vulnerability to any slowdown in underlying Credit and attendant financial flows. And it’s the final parabolic speculative blow-off that seals a Bubble’s fate. It ensures market dependency to unusually large and inevitably unsustainable flows. The Fed’s latest Z.1 report does a nice job of illuminating the historic scope of the U.S. securities Bubble. U.S. securities markets have been on the receiving end of extraordinary international flows, while inflating securities and asset prices have spurred rapid financial sector expansion.
Note that in the two “% of GDP” charts today’s numbers are compared to the previous two bubble peaks when things had gotten so far out of hand that the following year saw massive financial crises. So the fact that we’ve blown through those two previous records portends interesting times ahead.
To sum up Noland’s analysis, the US, along with the rest of the world, has entered full Ponzi, where credit has to continue to rise at unprecedented rates to keep the system from imploding. But the more credit we take on, the more fragile the system becomes. A sudden decline in equities or bonds, geopolitical tensions escalating, cryptocurrencies threatening fiat currencies, you name it, can crack the façade of normality that rising asset prices create.
66 Comments on "The Biggest Bubble Ever, In Three Charts"
Revi on Mon, 11th Dec 2017 1:59 pm
Scary! When does it blow? Do I still have time to jump in and out?
print baby print on Mon, 11th Dec 2017 2:29 pm
Print baby print
onlooker on Mon, 11th Dec 2017 3:28 pm
POOF!
Makati1 on Mon, 11th Dec 2017 5:37 pm
If you don’t hold real things, you hold nothing.
If you hold land NOT mortgaged …and can pay the taxes on it,… you ‘own’ something of real value.
If you cannot pay the real estate taxes, you ‘own’ nothing. That is the dilemma in most countries today. You are basically a renter from the government and/or bank. Both WILL take it away when you do not/can not make the payments.
Like any other animal, you need food, water and shelter. All else are wants. Anything/tool that provides for those needs, has real value. All else are luxuries. What do you own of real value? (Cash and digital accounts are not real value. They can go poof!)
Davy on Mon, 11th Dec 2017 6:06 pm
Mad Kat, if one has a positive net worth and income then what you just said is rubish.
Makati1 on Mon, 11th Dec 2017 6:25 pm
And if one’s “positive net worth/income” disappears when the SHTF then you have nothing. Dollars may be/will be worthless. Survival skills and the tools required to use them, will not.
NET WORTH is numbers. No buyers for your “net worth” = no value. The basis of my comment bounced off your mental block. Too bad. You are renting your farm from the government and when your “net worth” goes to zero, you will be homeless like millions of others in the US. The government will own your farm in fact, not just by law.
If it its not in your head or hand, you don’t have it. If it does not provide one of those three necessities, it is worthless when the SHTF and probably forever after. If you cannot provide something that contributes to the tribe’s three needs, you are worthless and will be turned away or killed.
I’m able to teach and provide a number of useful survival skills. Are you? I doubt it from you rant above.
Davy on Mon, 11th Dec 2017 6:37 pm
What does positive net worth have to do with survival skills? You can have neither and no skills too. You have nothing so you want to discredit successful people. You have a social security check that might end. You have zero understanding of finance and economics. You are 75 years old and unable to survive outside you condo. All you are is a drifting agenda of negativity and hate.
Makati1 on Mon, 11th Dec 2017 7:00 pm
“What does positive net worth have to do with survival skills?”
Not a damn thing. I never indicated that they did. that was YOUR reply.
You are not a “successful” person, Davy. You got where you are on the shoulders of your rich family, not by merit or skill. You are a zero with no useful survival skills.
A degree in the ‘financial sector’ is no more than being brainwashed into believing that reading chicken guts and guessing the future is an education. It is NOT a survival skill. IT is only a delusion of one that will vanish when the SHTF.
I know enough about finance to be secure in my life and to have raised a family and retire. What do you need to know that they didn’t know before fiat money? Trade is as old as humans. It will not change after the SHTF. If you have something that someone else wants, you can trade for what he/she has that you want. No degree required. No money required. No 1%ers in the middle. Simple, yes?
I am secure in many ways that you can never be. I do not need SS. It is useful only in that it enables me to help others here (my tribe/neighbors) and to continue to build my resources with a few more luxuries. If it ends tomorrow, it is just one less connection to the failing US. I expect it to end soon.
As for my age, you keep assuming that age is an indication of ability and health. I will give you a clue. It is NOT. My great grandfather died in a farm accident while he was harvesting corn at age 93. I come from a long lived family.
Davy on Mon, 11th Dec 2017 7:11 pm
Obviously from your empassioned rant I hit the nail square on the head. You are a failure that is consumed with an effort to belittle others so as to find a false sense of worth. The more you try to discredit others the more foolish you look.
Makati1 on Mon, 11th Dec 2017 7:26 pm
Obviously, you did nothing of the kind. I was merely educating you on your delusional comment. You really need professional help, Davy.
You have no worth. You have no survival skills. A degree in finance is just paper, good for starting a fire. Nothing more. It will be worthless in the life after the crash of capitalism.
Better learn how to really farm without FF or even electric. It is coming. You will need an income to pay for the escalating taxes your ‘government’ will be adding to your burden. Not to mention the chaos Mother Nature has in store.
We are in the calm before the storm. Use it or lose it. YOUR future is in the decision. Mine is secure. I made my decision 10 years ago and started building my secure future here. I hold about 100 USDs in my bank accounts to keep them open. All other cash is in Pesos. I invest in hand tools, seeds, trade goods, Etc.. You are just jealous. lol
Makati1 on Mon, 11th Dec 2017 7:28 pm
BTW: Davy. Do you read what you post?
“You are a failure that is consumed with an effort to belittle others so as to find a false sense of worth. The more you try to discredit others the more foolish you look.”
Don’t you see the hypocrisy in that comment? The rest of us do. LMAO
Davy on Mon, 11th Dec 2017 7:40 pm
Mad Kat, when is the last time you were at the fantasy farm? Your idea of survival is condo living. You are foaming at the mouth tonight I think because you are having emotional issues with being pegged. Mad Kat, you are a failure and the longer your rants the more you expose it. Silly old man
Makati1 on Mon, 11th Dec 2017 7:47 pm
Last week Davy. In preparation for the move after New Years. Why? It is none of your business anyway. Why do you care?
You are the one with serious emotional issues, Davy. It is obvious to the other people here.
I quote you: “You are a failure that is consumed with an effort to belittle others so as to find a false sense of worth. The more you try to discredit others the more foolish you look.” Look in the mirror Davy. Get help.
MASTERMIND on Mon, 11th Dec 2017 8:45 pm
Davy
Once the world economy collapses everything shuts down the end..Even banks in Asia are all networked into BAU..And once they all collapse it will cause a cascading event all across the world..Madkat will be left for dead in his condo. he most likely won’t even go outside due to fear of being beaten and eaten. He will die alone and starve to death…
MASTERMIND on Mon, 11th Dec 2017 8:46 pm
Davy
Or Madkat will be thrown onto a cattle car to due hard manual labor for the rest of his short life…
GregT on Mon, 11th Dec 2017 9:32 pm
“Once the world economy collapses everything shuts down the end..Even banks in Asia are all networked into BAU..And once they all collapse it will cause a cascading event all across the world”
And those who are already disconnected from the global economy, and have no bank accounts, will notice little difference in their day to day lives. They will still be as poor, and reliant on their local communities, as they always have been. Those who are completely dependant on the global economy, JIT delivery systems, and central banking cartels, will be completely screwed.
Not everyone on this planet lives the same way that we do MM.
Makati1 on Mon, 11th Dec 2017 10:01 pm
Dream on MM. YOU live in the gulag called America. Not me. Your government is more likely to ‘require’ you to work on government ‘projects’ or draft you to serve the corporations with manual labor on corporate farms when FF energy is gone.
I will be sitting in the shade, drinking coffee, eating chocolate and enjoying the clean air and peace and quiet. I don’t have to worry about freezing or heating my house or even air conditioning. It never gets colder than 60F/15C here. The farm is covered with fruit and nut trees and the soil grows veggies all year round. Free range chicken, some pork from the local pig farm in trade for tools, knives, etc. A weekly trip to the local fish market for variety. Little will change around the farm. A few rains and the two roads to the other part of the Ps will be closed by slides. Security also. I plan ahead. Do you?
Makati1 on Mon, 11th Dec 2017 10:07 pm
Greg, he and Davy don’t want to see/believe your comment that many, if not most, people in the world do NOT live tied to the internet and banks. I have explained that numerous times and it is just denial that prevents them from accepting that fact. The US education system (colleges included) is deliberately dumbing down the population so they do not realize how bad their situation is. Frog in the pot syndrome.
MASTERMIND on Mon, 11th Dec 2017 10:23 pm
Fearing the Worst, China Plans Refugee Camps on North Korean Border
https://www.nytimes.com/2017/12/11/world/asia/china-north-korea-border.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region®ion=top-news&WT.nav=top-news&_r=0
See Madkat your fantasy about the Chinese and Russians teaming up against us are pure wishful thinking. They won’t do a damn thing about it.
MASTERMIND on Mon, 11th Dec 2017 10:28 pm
Madkat and Davy
When the world societies descend into chaos all of the nuclear plants are going to be abandoned and will melt down. And blow tons of radiation into the atmosphere and water. Which will be picked up by the jet streams and will spread all across the world..Within weeks you will be coughing out your internal organs. Dying a painful and suffering death.
Here is a peer reviewed scientific study that proves that beyond any reasonable doubts.
Study: Financial System Supply-Chain Cross-Contagion: in Global Systemic Collapse (Korowicz, 2012)
http://www.feasta.org/2012/06/17/trade-off-financial-system-supply-chain-cross-contagion-a-study-in-global-systemic-collapse/
I suggest you read page 56
GregT on Mon, 11th Dec 2017 10:33 pm
That paper is from 2012 MM. It has been discussed here before.
Apneaman on Mon, 11th Dec 2017 11:00 pm
Mak, you like your child slave labour chocolate huh? Coffee as well to a lesser degree.
Child labor in cocoa production
From Wikipedia, the free encyclopedia
Boy collecting cocoa after beans have dried
The widespread use of children in cocoa production is controversial, not only for the concerns about child labor and exploitation, but also because, as of 2015, up to 19,000 children working in Côte d’Ivoire, the world’s biggest producer of cocoa,[1] may have been victims of trafficking or slavery.
https://en.wikipedia.org/wiki/Child_labor_in_cocoa_production
If you plan on living longer then you better save up for your coffee & chocolate because they are fast becoming a consequence of AGW. They will be going up price ladder soon and fewer & fewer humans will be able to afford those cherished dopamine commodities. It’s a pretty good bet that the slave labour, child & adult, is only going to increase. Privileged folks need their goodies right up too the end of the endtimes and do not fucking care one damn bit about the slave labour or ecocide. If they did, we would see the sales plummet from a boycott.
You know what I think?
You can take the boy out of America, but you can’t take America out of the boy.
You only ever left America physically Mak.
If you had truly escaped, I don’t think we would have ever heard from you.
I know you are angry and disappointed in your country. You did everything they said one should do to be a good American citizen – the military service, the religion thing with the Mormons, the mythological work ethic thing, the consumer thing – and they let you down. You finally came to the realization that it was all a lie made up to sucker the sheeple (you) into doing then heavy lifting and fighting and dying while they get richer.
Those are legtimate beefs for sure, but you have let them OWN you.
America could collapse tomorrow and if you feel any joy it will only be for five minutes and then you will still be you you again.
It won’t be cathartic or make your lifetime disappointments go away. America will be gone, but not your rage and anger.
Makati1 on Mon, 11th Dec 2017 11:08 pm
MM, “Why Half the World Doesn’t Have Bank Accounts”
Half of the world is about 3,500,000,000+ people. I doubt that that number has changed much in 5 years.
https://www.bloomberg.com/news/articles/2012-04-25/why-half-the-world-doesnt-have-bank-accounts
“39% of the World’s Population Does Not Have a Bank Account”
https://letstalkpayments.com/39-of-the-worlds-population-does-not-have-a-bank-account/
You might notice that in the Ps, only about 28% have bank accounts. That also means no loans/debt for at least the other 72%. Having a bank account here does NOT mean you have a credit card. They are very difficult to get and very limited in credit. My business partner is a registered architect and has had a long history of good income, yet his credit card is limited to P90,000 or about $2,000US. (2016)
Do you really think that those billions will miss or even notice when the banking system goes down? I doubt it. YOU will. It will end your 1st world lifestyle in a heartbeat.
Makati1 on Mon, 11th Dec 2017 11:28 pm
Ap, First: the chocolate comes from trees on the farm, not stores. Self made candy and drinks. I will be enjoying chocolate long after globalization ends. Ditto for coffee, bananas, coconuts, oranges, grapefruit, etc. All farm grown.
Second: I have a lot of free time to spare. I use it to keep up with current events that affect me and mine. You comment about my not being involved with the US, since I left, is not very well thought out. I live here, but I have family and friends in the American gulag. I offer them a place to come and stay, but I cannot do more than that. Why wouldn’t I be interested in the US and involved?
You assume I am angry at the US? Nope! I do not pity all of those trapped there who do not rise up and change it. I do pity those unable to do anything about it. Mostly the youth who are being destroyed by their parents sloth and greed.
You are correct that the US has not been what I was brainwashed to believe. And, that I do enjoy pointing out its slide into the third world to deniers like Davy. I do hope the US goes down so they cannot continue to start wars and destroy the planet. We are doing enough of that as it is with our FF use. They have moved into the Ps, my new home, with their ISIS virus and that is another reason I hope they go down soon.
Third: As for the “5 minutes”, you are wrong. I will be partying with the billions of others who will be glad to see the empire crushed after all these decades of doing it to other countries for plunder and power. I can not do anything to stop the”collateral damage” to my loved ones except encourage them to prepare and offer them refuge here if they want.
Perhaps you are jealous of my position? It seems so. Stop trying to play Davy.
Davy on Mon, 11th Dec 2017 11:34 pm
“You are the one with serious emotional issues, Davy…. The more you try to discredit others the more foolish you look.” Look in the mirror Davy. Get help.”
Mad kat, have you ever noticed there are 3 or 4 people who get neutered and moderated. They are the board extremist peddling agendas and those who enable this extremism. You are the primary one. You want to make this an “everyone” thing but it is primarily a mad kat thing. It won’t ever end with you until you and I come to a compromise. I have promised you this for years and I promise.
Cloggie on Mon, 11th Dec 2017 11:35 pm
“Mak, you like your child slave labour chocolate huh”
Human condition, not morals. These children would not fare better if Mak would not sip hot chocolate.
Why don’t you read Dickens, Oliver Twist, about English child slavery in the 19th century of Manchester capitalism.
If you care about improving the conditions of child laborers, spare me your Marxist drivel and instead design renewable energy sources and replace child labor with virtual energy slaves.
Davy on Mon, 11th Dec 2017 11:41 pm
“I will be sitting in the shade, drinking coffee, eating chocolate and enjoying the clean air and peace and quiet.”
Dream on old man. Do the numbers. You are on an overpopulated island with nowhere to go. The locust hordes will scouring anything to eat and you will have not peace and quiet. This of course is contingent upon what kind of decline we have. You may get lucky but you are in no way safe. In fact you are in a very precarious place considering the population densities:
https://tinyurl.com/yc8ehp9q
Makati1 on Mon, 11th Dec 2017 11:44 pm
MM You gave no proof of anything in your comment about Refuge camps.
“The second to last thing China wants is a new Korean war. But the last thing China wants is a united Korea under South Korean leadership. China’s Communist Party leadership has learned the lessons of 1989-1991, when German reunification ultimately pushed the borders of NATO some 1000 kilometres to the east and Soviet communism was thrown into the dustbin of history.
If China does intervene in North Korea, it won’t be to topple the Kim regime and promote peaceful reunification. It will be to prevent a collapse of the Kim regime in the face of domestic mismanagement and American pressure. Kim may go, but China will make sure that the regime remains. The long-term consequences of any such intervention are anyone’s guess.”
http://www.aljazeera.com/indepth/opinion/2017/04/170415110614281.html
“”The only thing I can think of is the comments reflect acampaign to start behind-the-scenes diplomacy with China by showing we are willing to go to war,” the former senior defense official told CNN, noting that China has said if North Korea launches an attack they will stay neutral, but if the US starts the war they will intervene on behalf of Pyongyang.”
http://www.yourcentralvalley.com/news/politics/a-dangerous-choice-looms-for-trump-on-north-korea/877541416
“Chinese state-owned paper says China will intervene and stop America if it attacks North Korea first – and will only stay neutral if Kim attacks the States first
Read more: http://www.dailymail.co.uk/news/article-4780602/China-stop-America-attacks-North-Korea-first.html#ixzz511SkutZs
Follow us: @MailOnline on Twitter | DailyMail on Facebook”
http://www.dailymail.co.uk/news/article-4780602/China-stop-America-attacks-North-Korea-first.html
The NYT is NOT a reliable source for real info, MM. It is a fake news source of the department of propaganda.
Davy on Mon, 11th Dec 2017 11:49 pm
“Greg, he and Davy don’t want to see/believe your comment that many, if not most, people in the world do NOT live tied to the internet and banks.”
Sure these people need banks and internet mad kat. This is a globally interconnected world that got to 7BIL by fossil fuels and electricity. Food for most is directly or indirectly dependent on this arrangement. Just review what grehg said today:
“What is the solution to feeding 7.5 billion human beings, without adding more CO2 into the environment, leading to a runaway greenhouse event, and global mass extinction? Or are you referring to some other more pressing human predicament that I might have overlooked?”
I think this includes the people you talk about mad kat. All people are part of this. We might be able to support 1BIL in a hard collapse. The poorest most overpopulated areas will have their own set of issues in this collapse as will he developed areas that depend on high levels of consumption. There will be no escape just because they are already poor. The poor’s next level down will be starvation. The lack of banks and internet will not effect that.
MASTERMIND on Mon, 11th Dec 2017 11:50 pm
Madkat
It doesn’t matter if people have bank accounts the governments that keep law and order all do and when their money becomes worthless and their bank crashes you will have no more government. And Anarchy will rule the world…..
Davy on Mon, 11th Dec 2017 11:54 pm
“And, that I do enjoy pointing out its slide into the third world to deniers like Davy.”
This is not true mad kat and you know it. You are turning this around because you know it is about you being in denial that the same things you rant about with the US are what is around you. I live around 3rd world America. There is trailer trash around me and there is prosperous farms and a nice cities nearby. This is a 1st world and 3rd world country. You try to say I am in denial but it is clear you live in a fantasy world of a 3rd world reality with your view of a 1st world unreality. You want to call your world 3rd world but with 1st world living standards of stability and comforts. You are one big contradiction.
Makati1 on Mon, 11th Dec 2017 11:58 pm
Davy you are only proving your narrow-mindedness and ignorance of the Ps. You would seem more intelligent if you stopped parroting the propaganda bullshit. Numbers mean nothing if not backed up with real life experience in the area. You have none.
You claim that your Missouri goat farm is better placed in the US than most everywhere else, yet, you are still only one of 325,000,000+ Americans eating from the same trough. Sucking on the same government teat. Living on the same continent with 130,000,000 Mexicans on your land border to the south and another 40,000,000 Canadians on your northern land border. They can walk to your farm. Here in the Ps, we are 7,006 ISLANDS separated from the Asian mainland by over 400 miles of ocean. No one would risk their lives to come here by boat. There is an advantage to being 3rd world.
Need I remind you:
Davy on Fri, 21st Jul 2017 5:47 am – “You can’t know a people unless you live with them. You can know about them and relate that to yourself but you must live there to know.” You do not live here, Davy.
Davy on Sun, 30th Jul 2017 6:26 pm – “Bug, a simple life on secluded rural acreage is a good prep lifestyle foundation.”
Hypocrisy, Davy?
Makati1 on Tue, 12th Dec 2017 12:00 am
Delusional Davy, get help.
Davy on Tue, 12th Dec 2017 12:03 am
“The NYT is NOT a reliable source for real info, MM. It is a fake news source of the department of propaganda.”
Your sources are better mad kat? Any source that does not say wht you want to hear is always considered unreliable yet you use them as needed for your agenda. All these sources are peddling agenda. Russia and China are going to be overwhelmed with a refugee crisis if the peninsula falls apart. That is clear mad kat with or without China entering on behalf of NK. I seriously doubt they are going to move troops to the border with South Korea. They are not even stationed in NK. NK, is not going to allow them to roll across the border without a fight. You have a strange understanding of this place like when you said there are 10MIL men under arms nonsense.
Davy on Tue, 12th Dec 2017 12:13 am
“Numbers mean nothing if not backed up with real life experience in the area. You have none.”
Mathematics mad kat. Did you go to school and learn mathematics and basic physics?
“You claim that your Missouri goat farm is better placed in the US than most everywhere else”
This is not true mad kat. I am a doomer and prepper and doom and prep because I know how hard it is going to be but I have 16 times less population pressure than you.
“Here in the Ps, we are 7,006 ISLANDS separated from the Asian mainland by over 400 miles of ocean. No one would risk their lives to come here by boat. There is an advantage to being 3rd world.”
Mad kat, don’t worry about the rest of Asia coming to your farm worry about the 53MIL on the small Island of Luzon. Geeze, are you drinking tonight?
“You do not live here, Davy”
Mad kat what does that have to do with the numbers and physics of on overpopulation? There is a difference mad kat about knowing the people in the street and knowing the country in relation to other countries with basic parameters. You are grasping mad kat. You are facing a very dangerous situation not to mention you are an old man of 75 with no health insurance. You will be one of the first to die from the rigors of collapse. I am facing my own dangers but I am in my early 50’s big difference on strength and stamina.
Davy on Tue, 12th Dec 2017 12:13 am
“Delusional Davy, get help.”
Translation:
You win
Makati1 on Tue, 12th Dec 2017 12:15 am
MM, you again assume too much and prove your ignorance. You do not know what will happen in the rest of the world when the US goes down. Perhaps the system Russia and China have will be the new replacement? Or do you deny that also? Or maybe the IMF basket of currencies will step in? Do you think that the rest of the world is not planning for that day? Even hurrying it on? Not all people are as uneducated and stupid as Americans.
The US is NOT the center of the world. Nor is Wall Street. It is part of a much larger trade system that will continue, maybe without the US. You can deny all you want. It will only make the pain much worse for you when the SHTF.
The importance of NOT having a bank account went right over your narrow minded head.
Davy on Tue, 12th Dec 2017 12:23 am
“You do not know what will happen in the rest of the world when the US goes down. Perhaps the system Russia and China have will be the new replacement?
Perhaps China or Russia goes down, mad kat. No one knows how this collapse is going to happen but I imagine if the US goes down so will China. People that understand mathematics and physics understand how the economics of globalism works
“Or maybe the IMF basket of currencies will step in? Do you think that the rest of the world is not planning for that day? Even hurrying it on?”
Pleas mad kat, delusional thinking. The rest of the world is struggling to make ends meet just like the US. There is no plan you are completely off into a fantasy world these days.
“The importance of NOT having a bank account went right over your narrow minded head.”
Mad kat, you have a social security check how is that different from a bank account. You can’t have it both ways old man. You have income that is a fiat currency that comes to you in the mail then you exchange it for pesos. The Philippines has a bank account with the rest of the world. You are really unclear about life.
Makati1 on Tue, 12th Dec 2017 12:23 am
Davy, you are trying the numbers game again. Trying to sound more intelligent than you are? Your narrow Amerocentric view of the real world is preventing you from seeing other views. Must be that overpriced education on how to predict the future from chicken guts and numerology. Numbers rule! LMAO
BTW: You ignore (twice in the last week or so) the fact that your comments of July invalidates your claims to know what it is like here or the ability to put me into one of your fantasy lifestyles. I know what the US is like. I lived there for 64 years. You do NOT know what the Ps is like except from second or third hand opinions. I do.
Makati1 on Tue, 12th Dec 2017 12:26 am
Davy, take you meds, or, if they are not working, get new ones. You are becoming even more irrational and delusional with every post.
Davy on Tue, 12th Dec 2017 12:31 am
“Davy, you are trying the numbers game again”
Explain that game mad kat. Could it be called mathematics and physics that is the basics of science?
“BTW: You ignore (twice in the last week or so) the fact that your comments of July invalidates your claims to know what it is like here or the ability to put me into one of your fantasy lifestyles.”
Mad kat, just because you say it invalidates does not mean you are correct. I explained your confusion and subterfuge. I don’t know the life in the streets of Manila like you don’t know my Missouri farm local. I do know the basics of geography and social studies which are common for all nations. Your little island has 53MIL people on a set amount of land. How the people think does not matter with this situation. It matter a little if they are a stable people or not and that can be compared between nations without living there. All this is available to be studied without living in a country.
“I know what the US is like. I lived there for 64 years.”
You know a little part of the US mad kat. You have been gone 10 years and you have been 10 years in an extreme agenda of hate and diminishment. You are not a reliable source. You are compromised by your agenda.
Davy on Tue, 12th Dec 2017 12:32 am
“Davy, take you meds, or, if they are not working, get new ones. You are becoming even more irrational and delusional with every post.”
Translation:
I am frustrated from getting my ass kicked intellectually
Makati1 on Tue, 12th Dec 2017 12:32 am
BTW: I never said I did not take fiat. I will take it until it ends, as it is due to me for my forced ‘contributions’ of almost 50 years, but it will be transformed into things of real value within days of my receiving it. And, SS does NOT come in checks anymore. It is deposited in bank accounts. I understand banking better than you do, Davy. All education is from colleges and schools. The Ps banking system will just revert to the new system. If it doesn’t, I am prepared for that also. I keep tell you that but you don’t want to believe it. I bet you are not ready for the US banking system to go poof. lol
Makati1 on Tue, 12th Dec 2017 12:33 am
Your ‘ass kicking’ is only in your deluded mind, goat farmer.
Davy on Tue, 12th Dec 2017 12:38 am
BTW, so you are ranting about bank accounts as you use money like a bank account. You can’t have it both ways mad kat.
”And, SS does NOT come in checks anymore. It is deposited in bank accounts. I understand banking better than you do”
Mad kat, then you have a bank account and it comes by mail mad kat. You do understand mail is both physical and digital
“The Ps banking system will just revert to the new system.”
Mad kat, what system is that? LMFAO. Just that easy??? Yea, everything will be fine when the system goes down and the P’s reboots their own system and keeps 100MIL people fed from this paradise of 4000 islands with an ocean teaming with fish. LOL, FANTASY
Davy on Tue, 12th Dec 2017 12:39 am
“Your ‘ass kicking’ is only in your deluded mind, goat farmer.”
Translation:
The frustration is getting worse
Davy on Tue, 12th Dec 2017 12:49 am
“The Ps banking system will just revert to the new system.”
Is this the type of system you are thinking about mad kat? I presume you think the P’s and China will be on the same system unless you know about one because you know the people in the street.
“Chinese Banks Push Back On Shadow Banking Regulations – Expose “Catch-22” For Financial System”
https://tinyurl.com/y6u76ejl
“In November, we discussed how the post-Party Congress measures to deleverage and crackdown on the worst abuses in China’s credit bubble took an important step forward with the announcement of a new era of regulation for China’s $15 trillion shadow banking and asset management industry. See “A New Era In Chinese Regulation Means Turmoil For $15 Trillion In China’s Shadows”. In particular, the authorities turned their sights on wealth management products (WMPs). On the way out are “guaranteed returns” and “capital pools” which had turned the $4 trillion sector into a leveraged Ponzi scheme. We joked that in a “radical and shocking” departure from the norm, financial institutions would have to offer yields based on the risk and returns of the underlying assets. Paying out guaranteed returns with new funds from depositors would no longer be allowed.”
“We didn’t have to wait long for confirmation that our cynicism was justified. It turns out that there was a “closed-door meeting” last week during which Chinese banks laid out the systemic risk if the regulators pursue their reform plan.”
“Unlike the Big Four state-owned banks, the smaller banks have limited scope to increase lending in the absence of WMP funding…and that’s ignoring the “black holes” hidden beneath the surface. In short, the entire Chinese financial system, from depositors to banks to asset management companies, has become addicted to the WPM model. Reforming it will only advance the crystallization of losses and bankruptcies, never mind largescale protests from investors who have always assumed that, somehow, the banks would make good on their promises. On a small scale, the clearest example of the near-impossibility of reforming WMPs without threatening China’s financial system”
GregT on Tue, 12th Dec 2017 1:08 am
“Zero Hedge is a batshit insane Austrian school finance blog run by two pseudonymous founders who post articles under the name “Tyler Durden,” after the character from Fight Club. It’s essentially apocalypse porn.”
https://rationalwiki.org/wiki/Zero_Hedge
And why do you feel the need to continue to hide your batshit insane links, behind a tiny url?
GregT on Tue, 12th Dec 2017 1:24 am
http://www.zerohedge.com/news/2017-12-11/china-banks-expose-catch-22-entire-financial-system-pushing-back-new-regulations-sha
GregT on Tue, 12th Dec 2017 1:43 am
And furthermore delusionaist,
Why do you constantly cite disinformation from a couple of guys who so clearly have an anti-American agenda, who do not have anywhere near the experience as an American citizen as Makati does?
???