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Kunstler: The Zeitgeist Knows

General Ideas

Who said the global economy was a permanent installation in the human condition? The head cheerleader was The New York Times’s Tom Friedman, with his 1999 book, The Lexus and the Olive Tree, the trumpet blast for the new order of things. Since then, we partied like it was 1999, with a few grand mal seizures of the banking system along the way, some experiments in creating failed states abroad, and the descent of America’s middle-class into a Disney version of Hieronymus Bosch’s Last Judgment — which is kind of what you see on the streets of Los Angeles these days.

Guess what: the global economy is winding down, and pretty rapidly. Trade wars are the most obvious symptom. The tensions underlying that spring from human population overshoot with its punishing externalities, resource depletion, and the perversities of money in accelerated motion, generating friction and heat. They also come from the fact that techno-industrialism was a story with a beginning, a middle, and an end — and we’re closer to the end than we are to the middle. There will be no going back to the prior party, whatever way we pretend to negotiate our way around or through these quandaries.

The USA-China romance was bound to end in divorce, which Mr. Trump is surreptitiously suing for now under the guise of a negotiated trade rebalancing. The US has got a chronic financial disease known as Triffin’s Dilemma, a set of disorders endemic to any world reserve currency. The disease initially expressed itself in President Nixon’s ditching the US dollar’s gold backing in 1971. By then, the world had noticed the dollar’s declining value trend-line, and threatened to drain Fort Knox to counter the effects of holding those dollars. Since then, all world currencies have been based on nothing but the idea that national economies would forever and always pump out more wealth.

It turns out that they pump out more debt in the pursuit of that chimerical wealth until the economic viziers and banking poohbahs begin to declare that debt itself is wealth — and now all the major players around the world are choking to death on that debt, especially the USA and China, but also Japan and the dolorous commune known as the EU. Everybody’s broke, one way or another, even though they are up to their eyeballs in products designed to fall apart in a few years. Better learn how to fix stuff, especially machines, because a lot of it won’t be replaced going forward.

Notice that Mr. Nixon’s escape from the dollar gold standard coincided with America’s first oil production peak. It was actually more than a coincidence, though it is unclear that anyone but James Schlesinger (then head of the Atomic Energy Commission, and later Secretary of Defense, Secretary of Energy, and CIA Director) understood what that signified. Now America is back at a second and even higher production peak thanks to the illusory boom of shale oil. The difference now is that only 10 percent of the companies producing it make a red cent. For the rest, the main result is just more and more debt, contributing to the larger global debt fiasco. It’s now down to a race between the sensational depletion rate of the shale oil wells and the country’s flagging capacity to generate more debt with a dim prospect of it ever being paid back.

Who knows whether the Golden Golem of Greatness and the people advising him in the White House get where all this is taking us in the history of the future. One might suppose it’s behind Mr. Trump’s wish to Make America Great Again, the vision of a return to the economy of 1955, of men toting lunchboxes through the factory gates, and seventy million boomer schoolchildren dreaming of trips to the moon, and the hard-fought, transient blessings of Pax Americana. All that is a comfort to simpletons, no doubt, but not wholly consistent with what can be observed actually going on — which is a culture and a political system seemingly bent on suicide.

The zeitgeist knows something that we don’t. The arc of this story follows the breakup of old arrangements, including trade relations, alliances, nation-states, and widespread expectations about what ought to be. Some observers claim the US will be the “last man standing” in this journey to the post global economy. (We surely would want to avoid a situation where nobody is left standing.) But all the participants in the orgy now ending will be left at least cross-eyed and flummoxed in the new cold dawn of a world without the old mojo. If the center is not holding, better look for a place on the margins as far from the emerging economic black hole as possible.

Kunstler



110 Comments on "Kunstler: The Zeitgeist Knows"

  1. makati1 on Wed, 5th Jun 2019 3:50 am 

    Cloggie, this is NOT 1940. You want to believe that I am in a worse place than you, but I am not.

    Some good reasons why:
    1. I cannot freeze to death. You can.
    2. I have plenty of potable water. 4M/yr of rainfall. Do you?
    3. I have plenty of non-imported food, self produced. Do you?
    4. I have a paid for home that is built for typhoons and has all the Western “necessities” but can work without electric forever, if necessary. Do You?

    Did you know that your little country is part of the New Silk Road? You have a port that is part Chinese owned. Rotterdam. (COSCO)

  2. Davy on Wed, 5th Jun 2019 3:54 am 

    “I repeat what I have said many times over the past years and I repeat it again and I say this without gloating because I have zero ill will against you (much in contrast to my only real opponents here, Beavis and Butthead aka empire dave and mobster)”
    Well, no shit cloggo, makato is your ally of sort with extremist anti-American news. Fuck-nut juanpee is likewise an ally even though part of his multiple personalities is a rabid lying liberal which is a nemesis for you. I am your opponent because I neuter your message that immigration is behind all problems. Your Natzi bullshit is put to test. Your techno optimism likewise is rendered down to reality. This is why you hate me. BTW, MOBster and I have nothing in common and your lumping us together is just more of your petty tricks.

    “the Ps are precisely in the crosshairs of upcoming geopolitical earthquakes, on par with other potential war zones the likes of the Gulf, the “English” Channel/North Sea, Venezuela, Ukraine, Syria and Iran.”
    Bullshit cloggo, China is not going to war on the P’s and if they did they would be warring against the western world. You and your 1940’s military posturing is old and lame. You are so far behind with modern realities you have no clue.

  3. makati1 on Wed, 5th Jun 2019 3:58 am 

    Be careful what you read. This is an example of talking down to the uneducated serfs:

    “Eager to catch up with such budget-busting proposals as the “Green New Deal” pitched by her Democratic presidential competitor, Alexandra-Ocasio Cortez, on Tuesday Elizabeth Warren proposed spending $2 trillion on a new “green manufacturing” program that would invest in research and exporting American clean energy technology.”

    https://www.zerohedge.com/news/2019-06-04/liz-warren-unveils-economic-patriotism-plan-calls-aggressive-market-interventions

    Rep. Alexandra-Ocasio Cortez is only 29 years old and cannot run for Prez until she is 35. She may run in 2024, but not this time. That is, IF there is an election in 2024? We shall see.

  4. Davy on Wed, 5th Jun 2019 4:01 am 

    “1. I cannot freeze to death. You can.”
    Big deal makato, you have tropical diseases and wet bulb temp problems in your future with climate change. How about the monster typhoons that will revisit soon? It has been quiet but one day they will knock on your door.

    “2. I have plenty of potable water. 4M/yr of rainfall. Do you?”
    Come on makato, cloggo has plenty of water in his country and it is purified unlike your water resources in a tropical overpopulated country

    “3. I have plenty of non-imported food, self produced. Do you?”
    Makato, you are one food crisis away from desperation. Your P’s is a net importer of food and you are in denial of this.

    “4. I have a paid for home that is built for typhoons and has all the Western “necessities” but can work without electric forever, if necessary. Do You?”
    You have a little room in a shack makato. You didn’t pay for a house. The big issue for you is when the monster typhoons hit and your local economy does not rebuild because the collapse process has curtailed large rebuilding efforts. This could happen any year now.

    “Did you know that your little country is part of the New Silk Road? You have a port that is part Chinese owned. Rotterdam. (COSCO)”
    BRI, is a classic case of mal-investment that is going nowhere. World trade is cratering, wow, that is a great time to invest in unneeded trade assets like ports and airports. You are clueless of these economic things.

  5. makati1 on Wed, 5th Jun 2019 4:06 am 

    “6 — Be suspicious of anyone who refuses to articulate themselves clearly. Word salading is a tactic notoriously used by abusive narcissists, because it keeps the victim confused and unable to figure out what’s going on.”

    https://medium.com/@caityjohnstone/thirty-two-tips-for-navigating-a-society-that-is-full-of-propaganda-and-manipulation-f3798079fea6

    “8 — Trust your own understanding above anyone else’s. It might not be perfect, but it’s a damn sight better than letting your understanding be controlled by narrative managers and dopey partisan groupthink, or by literally anyone else in a narrative landscape that is saturated with propaganda and manipulation.”

    32 thoughts to guide you thru the chaos and pure bullshit.

  6. Davy on Wed, 5th Jun 2019 4:10 am 

    “Being a large customer is not the point. The points is that Australia is a large piece of land that is very difficult to defend, where China is an overpopulated giant. There is no sign that Australia is distancing itself militarily from the US. Au contraire:”
    Cloggo, explain in military terms how China is going to invade Australia. LMFAO. China has not even proven it can invade Taiwan let alone an incredibly tough invasion of a continent size country very much farther away. This is just more of your military stupidity you spew daily.

    “(Juncker: Putin is my friend) …I am almost certain that there is already an all-Eurasian anti-Anglo agreement in place.”
    More fantasy in place in cloggo’s head. Cloggo, being a friend does not mean you are allies.

  7. makati1 on Wed, 5th Jun 2019 4:16 am 

    US “food independence” is a joke:

    “According to the U.S. Department of Agriculture (USDA), the U.S. imports billions of dollars worth of seafood from China each year. Farm-raised seafood such as tilapia, shrimp, salmon and catfish is shipped directly from China…

    Imports of fresh fruits and nuts steadily increase each year, with Costa Rica and Mexico being the top suppliers to the U.S. This is due in part to their proximity to the U.S. and ability to import fruits closer to their picking time… Chinese pine nuts are a few. Fresh fruit arrives daily into the U.S. from Canada, Mexico, Chile and Peru. The list of fruits that are frequently imported from these countries include produce like bananas, pineapples, avocados, apples, honeydew melons, blueberries, cantaloupe, mangoes, nectarines and lemons…

    Mexico dominates the supply of imported vegetables, supplying peppers, cucumbers, tomatoes, corn, pinto beans, broccoli, cabbage, onions, lettuce, celery, squash and spinach, to name a few.

    And don’t forget Mexican avocados and berries or that Big Agri sends American meat to be processed in China who then sends it back.”

    According to the U.S. Department of Agriculture (USDA), the U.S. imports billions of dollars worth of seafood from China each year. Farm-raised seafood such as tilapia, shrimp, salmon and catfish is shipped directly from China…

    Imports of fresh fruits and nuts steadily increase each year, with Costa Rica and Mexico being the top suppliers to the U.S. This is due in part to their proximity to the U.S. and ability to import fruits closer to their picking time… Chinese pine nuts are a few. Fresh fruit arrives daily into the U.S. from Canada, Mexico, Chile and Peru. The list of fruits that are frequently imported from these countries include produce like bananas, pineapples, avocados, apples, honeydew melons, blueberries, cantaloupe, mangoes, nectarines and lemons…”

    https://www.theorganicprepper.com/us-farms-tariffs/

    US meat processed…in CHINA! LMAO Americans have no idea where their food comes from. Not a clue.

  8. Davy on Wed, 5th Jun 2019 4:18 am 

    “6 — Be suspicious of anyone who refuses to articulate themselves clearly. Word salading is a tactic notoriously used by abusive narcissists, because it keeps the victim confused and unable to figure out what’s going on.”
    AH, makato, this is a perfect description of you. Your “world salad-ing” is spamming the board with anti-American salad shooter daily.

    “thirty-two-tips-for-navigating-a-society-that-is-full-of-propaganda-and-manipulation-“
    You are the most propagandized person on this board makato. Your propaganda is your own personal hate and resentment and your cognitive dissonance of “did I make the right decision leaving the US?” Since you are not sure about your decisions you must make believe how horrible the US is and how terrible it is for all those people still there. Your message is a failure. According to you the US should be collapsed by now and Asia a Phoenix. WTF happened makato? This is your agenda and you act on it like a good propaganda thug. You then claim anything in opposition as propaganda and your message the truth. You are full of shit!

  9. Davy on Wed, 5th Jun 2019 4:22 am 

    “US “food independence” is a joke: “According to the U.S. Department of Agriculture (USDA), the U.S. imports billions of dollars worth of seafood from China each year. Farm-raised seafood such as tilapia, shrimp, salmon and catfish is shipped directly from China…”
    Makato, we don’t need that shit is my point. I am not arguing the point the US imports 20% of its food. All of it is a product of globalization and the fact the US is a wealthy nation. We can do without it. The US exports more food than any other nation is the basics of the food chain. You can’t argue that away.

    “US meat processed…in CHINA! LMAO Americans have no idea where their food comes from. Not a clue.”
    AH, makato, China has huge meat problem now or did you miss that problem. OO, yea, you conveniently miss that didn’t you. Part of getting old you conveniently forget things.

  10. makati1 on Wed, 5th Jun 2019 4:24 am 

    The Amerocentric delusionalist is spewing his usual goat shit and has nothing to back it up with. Not ONE bit of reference proof for the propaganda diarrhea in three posts. Typical hypocritical American.

    GO TRUMP! TRUMP IN 2020! TAKE THE US DOWN! YOU CAN DO IT! JUST DO IT! LMAO

  11. makati1 on Wed, 5th Jun 2019 4:36 am 

    Davy, I missed nothing. Did you know that many US pigs will be going to China since China owns Smithfield Farms? They process about 30,000 pigs PER DAY! Do the math. That is about 11 million per year. Guess where pork prices are going?

    https://en.wikipedia.org/wiki/Smithfield_Foods

    Obviously my mind is a lot sharper than that of a goat herd in flooded Missouri. LMAO

  12. Davy on Wed, 5th Jun 2019 4:39 am 

    “The Amerocentric delusionalist is spewing his usual goat shit and has nothing to back it up with. Not ONE bit of reference proof for the propaganda diarrhea in three posts. Typical hypocritical American.”
    Makato, some of this shit has been going on for years now like your uneducated portrayal of the US as a net importer of food. I don’t deny that stupid, what I am saying is the US does not have to have the food you reference. We produce more food than we consume in caloric amounts. Food dollars distort this when you look at all the luxury foods the US consumes it does not have to have. The P’s on the other hand is a net importer. So what you do is claim it is propaganda and without reference when I smash your false comments. I am tired of your daily spew. Get real please. BTW, you fucked up didn’t you?? We had a truce and you couldn’t stand it you had to call me out and break it. Now you are in my cross hairs.

    “GO TRUMP! TRUMP IN 2020! TAKE THE US DOWN! YOU CAN DO IT! JUST DO IT! LMAO”
    Childish nonsense of an old man in early onset dementia.

  13. Davy on Wed, 5th Jun 2019 4:43 am 

    “Davy, I missed nothing. Did you know that many US pigs will be going to China since China owns Smithfield Farms? They process about 30,000 pigs PER DAY! Do the math. That is about 11 million per year. Guess where pork prices are going?”
    So what makato, this food is produced in the US not China. Get a grip stupid. Now that the trade war is going China may just dump Smithfield as a bad investment. You are so clueless.

    “Obviously my mind is a lot sharper than that of a goat herd in flooded Missouri. LMAO”
    Not flooded here where I am at makato. I will have the best hay crop ever. How about that??

  14. Davy on Wed, 5th Jun 2019 4:52 am 

    Cloggo and makato hate this kind of news:

    “US Cleanest Dirty Shirt Among Manufacturing Giants: Germany at Crisis Level. China, Japan, South Korea Contract”
    https://tinyurl.com/y6x7wcgx wolf street

    “In comparison with the travails experienced in the manufacturing powerhouses of Germany, China, Japan, and South Korea, that are all focused on exports, the US manufacturing sector for now remains the cleanest dirty shirt — still expanding, but with growth slowing.”

  15. Cloggie on Wed, 5th Jun 2019 4:54 am 

    Chinese power projection capabilities:

    https://mobile.reuters.com/article/amp/idUSBRE91O15V20130225

    China is not there yet.
    I expect DJT to be reelected and that 2024 could be a “crucial year” in geopolitics.

  16. Cloggie on Wed, 5th Jun 2019 5:00 am 

    Oh dear, some US left coast globalist Wolf Richter has spoken the final verdict and the matter has been settled for all eternity:

    https://mobile.reuters.com/article/amp/idUSBRE91O15V20130225

    Eurasia trembling in its boots.

  17. I AM THE MOB on Wed, 5th Jun 2019 5:41 am 

    As China’s Debt Balloons, Other Emerging Markets Fail to Take Off

    https://www.bloomberg.com/graphics/2019-emerging-markets-debt/

    China’s debt has exploded over the last decade! Jesus Christ!

    Enjoy going Bankrupt Jina!

    HAAHA

  18. I AM THE MOB on Wed, 5th Jun 2019 9:51 am 

    Knife-wielding woman stabs giant Trump balloon in the diaper

    https://www.alternet.org/2019/06/knife-wielding-woman-stabs-giant-trump-balloon-in-the-diaper/?utm_source=&utm_medium=email&utm_campaign=292&recip_id=2946&list_id=2

    HAHA! Right wingers are so easily triggered!

    HAHA

  19. Davy on Wed, 5th Jun 2019 10:55 am 

    We are Davy.

    HERE US RORE !!!!

  20. Davy on Wed, 5th Jun 2019 11:14 am 

    “OOpps, makati1 is using Zero Hedge”

    makato doesn’t try to hide his Zerohedge links behind tiny urls, or pretend he found his links somewhere else like I do juanpee.

    dumbass

  21. Cloggie on Wed, 5th Jun 2019 11:26 am 

    Cloggie, this is NOT 1940. You want to believe that I am in a worse place than you, but I am not.

    Indeed, China today is a far more formidable adversary than Japan, that merely was forced to react by the US oil boycott.

    Some good reasons why:
    1. I cannot freeze to death. You can.
    2. I have plenty of potable water. 4M/yr of rainfall. Do you?
    3. I have plenty of non-imported food, self produced. Do you?
    4. I have a paid for home that is built for typhoons and has all the Western “necessities” but can work without electric forever, if necessary. Do You?

    1. Freezing, in Holland? LOL My house, if unheated, will never go below 12C. This “winter” we had perhaps a few nights of -2C or so. Had to scratch my window shield 2 times.

    2. Every Hollander has a sweet water supply of 200,000 m3

    https://en.wikipedia.org/wiki/IJsselmeer

    Did you know that your little country is part of the New Silk Road? You have a port that is part Chinese owned. Rotterdam. (COSCO)

    3. Tiny Holland (17m, 44k km2) is the 2nd largest agricultural producer in the world, after the US (330m, 10m km2). LOL

    4. My home has long been paid off and has a value of 300k, where yours perhaps has 10k. I can produce all my food in my own back yard of 100 m2.

    I’m fine, thank you.

  22. Davy on Wed, 5th Jun 2019 11:33 am 

    “OOpps, makati1 is using Zero Hedge”

    You didn’t say that juanpee. I did.

    stupid

  23. Cloggie on Wed, 5th Jun 2019 11:53 am 

    For those deluded souls who think that Brexit has anything to do with resistance against immigration. well, actually it was: against immigration from WHITE lands that is:

    https://www.dailymail.co.uk/news/article-7098907/Jacob-Rees-Mogg-NOT-prime-minister-according-Brexit-Party-MEP-SISTER.html

    “‘Jacob Rees-Mogg should NOT become prime minister’ according to his Brexit Party MEP SISTER – who says that European citizens who leave after the UK quits the EU can be replaced by people ‘from Botswana’

    It is high time that Europeans from the Atlantic to the Ural mountains begin to realize what it is we have parked here, in front of our coast and clearly visible from France, America’s forward base and unsinkable aircraft carrier:

    https://tinyurl.com/y2dh5l69

    It is high time to reinterpret the events of WW1 and WW2, no longer to the advantage of the Anglo world. And prepare for the next conflagration. Soon it will be 1939 all over again, because…

    https://documents1940.wordpress.com/2019/04/27/barnier-verhofstadt-farage-wants-to-destroy-the-eu/

    For the rest, the more people move from Botswana to Britain (or the US), the better, just as the British and US elites like to have it, so we don’t have to IED these societies ourselves.

  24. I AM THE MOB on Wed, 5th Jun 2019 11:54 am 

    Trump trails Biden, Sanders, other Democrats in Michigan: poll

    https://thehill.com/homenews/campaign/447021-trump-trails-biden-sanders-other-dems-in-michigan-poll

    RIP populism

  25. Cloggie on Wed, 5th Jun 2019 12:10 pm 

    Did you know that your little country is part of the New Silk Road? You have a port that is part Chinese owned. Rotterdam. (COSCO)

    Yes, so what? Fine with me, gives us geopolitical options, loosening the grip of empire. So far we are talking about 50 freight trains per week or 7 per day. Great, but not in anyway threatening.

    Besides this trade works both ways.

    Foreign investment in 2018 in Holland and resulting new jobs:

    https://www.rijksoverheid.nl/actueel/nieuws/2019/02/09/meer-buitenlandse-bedrijven-investeren-in-nederland-10.000-extra-banen

    De meeste ‘buitenlandse banen’ zijn, net als in 2017, gecreëerd door bedrijven uit de Verenigde Staten. In 2018 ging het om 3.185 banen, die gepaard gaan met 1,19 miljard euro aan investeringen. De VS wordt gevolgd door het Verenigd Koninkrijk (1.596 banen), China (614 banen), Japan (580 banen) en Duitsland (300 banen).

    US – 3185
    UK 1596
    China – 614
    Japan – 580
    Germany – 300

    Not very spectacular. There is no way that China, or anybody else, is “buying up” the Netherlands.

  26. JuanP on Wed, 5th Jun 2019 12:32 pm 

    Fuck nut juanpee is out of the mental ward

    Davy on Wed, 5th Jun 2019 10:55 am

    We are Davy.

    HERE US RORE !!!!

    Davy on Wed, 5th Jun 2019 11:14 am

    “OOpps, makati1 is using Zero Hedge”

    makato doesn’t try to hide his Zerohedge links behind tiny urls, or pretend he found his links somewhere else like I do juanpee.

    dumbass

    Davy on Wed, 5th Jun 2019 11:33 am

    “OOpps, makati1 is using Zero Hedge”

    You didn’t say that juanpee. I did.

    stupid

  27. JuanP on Wed, 5th Jun 2019 12:34 pm 

    “Trump trails Biden, Sanders, other Democrats in Michigan: poll”

    MOB, I am going to do everything in my power to get people to support Trump. His summer house is just up the road from me.

  28. JuanP on Wed, 5th Jun 2019 12:36 pm 

    I struggle with the fact that I belong to the same species; I find myself emotionally and intellectually incapable of accepting the fact. That is why I consider myself a sui generis individual rather than a human animal.

  29. I AM THE MOB on Wed, 5th Jun 2019 12:37 pm 

    YouTube is updating its hate speech policies to prohibit videos with white nationalist

    https://www.usnews.com/news/business/articles/2019-06-05/youtube-updates-hate-speech-guidelines-to-prohibit-videos

  30. JuanP on Wed, 5th Jun 2019 12:43 pm 

    Did David Rosenberg Just Stumble On The Genius Behind Trump’s Madness?
    For months, President Trump has been pushing The Fed to cut interest rates, lambasting them for raising rates last year “slowing us down.” Then, at the end of April (in the middle of the latest FOMC meeting), Trump took it one step further, demanding The Fed cut interest rates by 1 percentage point and to implement more money-printing quantitative easing. In a two-part tweet, the president unfavorably compared the Fed to its China counterpart and said if monetary policy in the U.S. was looser, the economy would “go up like a rocket.” China is adding great stimulus to its economy while at the same time keeping interest rates low. Our Federal Reserve has incessantly lifted interest rates, even though inflation is very low, and instituted a very big dose of quantitative tightening. We have the potential to go…— Donald J. Trump (@realDonaldTrump) April 30, 2019….up like a rocket if we did some lowering of rates, like one point, and some quantitative easing. Yes, we are doing very well at 3.2% GDP, but with our wonderfully low inflation, we could be setting major records &, at the same time, make our National Debt start to look small! — Donald J. Trump (@realDonaldTrump) April 30, 2019 Democrats denounced Mr. Trump’s comments, saying they showed his disregard for the traditional independence of the Fed and his desire to use its powers to help him win re-election. “There’s no question that President Trump is seeking to undermine the long-term stability of the economy and independence of the Federal Reserve to boost his own re-election prospects,” said Senator Ron Wyden of Oregon, the top Democrat on the Finance Committee. And many elites piled on, slamming the President’s ‘shocking intereference’. BUT… things have changed very quickly among the establishment types. Now we have Fed heads talking about “insurance” rate-cuts, lamenting the inverted yield curve, focusing on slow-flation; and former Treasury Secretary Larry Summers agrees with Trump, demanding a 50bps cut now and more in September. Amid this massive flip-flop by the establishment, Gluskin Sheff’s David Rosenberg has deciphered a cunning plan emerging among all this global trade war tension and economic collapse: “Maybe Trump is a genius, after all. What if he finally gets the steep Fed rate cuts he has been demanding? After that, he ends the trade wars, tariffs go to zero, and the stock market surges to new highs — just in time for the 2020 election!” Maybe Trump is a genius, after all. What if he finally gets the steep Fed rate cuts he has been demanding? After that, he ends the trade wars, tariffs go to zero, and the stock market surges to new highs — just in time for the 2020 election! — David Rosenberg (@EconguyRosie) June 5, 2019 Rosie’s right – the market is now demanding over 3 rate-cuts by the end of 2020 (and just less than two by the end of 2019), keeping the equity market dream alive… Or will any rate-cut be the ‘sell the news’ event confirming The Fed must be worried about something? Trump’s 2020 run depends on it.

  31. JuanP on Wed, 5th Jun 2019 12:46 pm 

    OOpps, I forgot the above is from Zero Hedge my favorite place to hang for real news

  32. I AM THE MOB on Wed, 5th Jun 2019 12:51 pm 

    Holocaust History Blogger Accused Of Making Up Family Members Who Died At Auschwitz

    https://forward.com/fast-forward/425373/holocaust-history-blogger-lied-auschwitz-family/

  33. I AM THE MOB on Wed, 5th Jun 2019 12:54 pm 

    Clogg

    Often memorial sites are the only evidence of the existence of a Holocaust victim..

  34. More Davy Identity Theft and Projections on Wed, 5th Jun 2019 1:00 pm 

    JuanP on Wed, 5th Jun 2019 12:32 pm

    JuanP on Wed, 5th Jun 2019 12:34 pm

    JuanP on Wed, 5th Jun 2019 12:36 pm

    JuanP on Wed, 5th Jun 2019 12:43 pm

    JuanP on Wed, 5th Jun 2019 12:46 pm

  35. Davy on Wed, 5th Jun 2019 1:02 pm 

    Oops, sorry for losing my shit again everyone.

  36. Davy on Wed, 5th Jun 2019 1:05 pm 

    Oops, sorry again everyone. I forgot the link.

    https://www.zerohedge.com/news/2019-06-05/did-david-rosenberg-just-stumble-genius-behind-trumps-madness

  37. JuanP on Wed, 5th Jun 2019 1:07 pm 

    juanpee is a liar that loses his shit constantly. FUCK NUT

    More Davy Identity Theft and Projections on Wed, 5th Jun 2019 1:00 pm

    JuanP on Wed, 5th Jun 2019 12:32 pm

    JuanP on Wed, 5th Jun 2019 12:34 pm

    JuanP on Wed, 5th Jun 2019 12:36 pm

    JuanP on Wed, 5th Jun 2019 12:43 pm

    JuanP on Wed, 5th Jun 2019 12:46 pm

    Davy on Wed, 5th Jun 2019 1:02 pm

    Oops, sorry for losing my shit again everyone.

    « Previous 1 2
    Leave a Reply

  38. More Davy Identity Theft on Wed, 5th Jun 2019 1:09 pm 

    JuanP on Wed, 5th Jun 2019 1:07 pm

  39. Davy on Wed, 5th Jun 2019 1:12 pm 

    Oops, sorry for losing my shit AGAIN everyone. That seems to be happening more and more lately.

  40. Davy on Wed, 5th Jun 2019 1:23 pm 

    HI JuanP, old friend.

    How was your sailing adventure? I’m sure it must of been epic. I’m just surprised your back so soon. I didn’t think you were coming back until late June or early July?

    Say Hi to your beautiful loving wife for me, will ya.

  41. I AM THE MOB on Wed, 5th Jun 2019 1:57 pm 

    YouTube to Remove Thousands of Videos Pushing Extreme Views

    https://www.nytimes.com/2019/06/05/business/youtube-remove-extremist-videos.html

    Goodbye alt right!

    haha

  42. I AM THE MOB on Wed, 5th Jun 2019 2:20 pm 

    US companies as big as entire European countries’ stock

    https://i.redd.it/1hmatft8hh231.png

  43. JuanP on Wed, 5th Jun 2019 2:43 pm 

    Come on juanpee, you are trying too hard to tell us about your trip. I think you are a miserable motherfucker who isn’t happy anywhere. We know you have chronic depression and it couldn’t happen to a more deserving scumbag. I also think you wife is a dumb slut or why would she stay with a stalker who hazes compulsively. Who gives a fuck about your trip? Why were you here on PO DOT COM everyday if it was such a wonderful trip?
    Most people here want you gone. You trash this forum up with your stalking and hazing obsessions. FUCKNUT

    Davy on Wed, 5th Jun 2019 1:12 pm

    Oops, sorry for losing my shit AGAIN everyone. That seems to be happening more and more lately.

    Davy on Wed, 5th Jun 2019 1:23 pm

    HI JuanP, old friend.

    How was your sailing adventure? I’m sure it must of been epic. I’m just surprised your back so soon. I didn’t think you were coming back until late June or early July?

    Say Hi to your beautiful loving wife for me, will ya.

  44. More Davy Identity Theft on Wed, 5th Jun 2019 5:24 pm 

    JuanP on Wed, 5th Jun 2019 2:43 pm

  45. JuanP on Wed, 5th Jun 2019 6:12 pm 

    Mak, are you holding up in that bad drought?

    Do We Face A Global Food Disaster?

    Adding to the shortfall of grains, The Philippines is experiencing a major drought since February 2018, which is devastating the current rice crop. Although the country is not one of the world top rice producers—India, Thailand, Vietnam and Pakistan comprise a total of some 70% all rice export—it has significant political impact on the troubled country.

  46. Theedrich on Wed, 5th Jun 2019 6:17 pm 

    Claes, the issue is not whether Russia and China are “world saviors.”  The issue is whether the criminal nation of the U.S. will initiate planet-destroying nuclear war.  In case you didn’t know, existence is more important than Yid-Cretin “morality.”

  47. makati1 on Wed, 5th Jun 2019 6:20 pm 

    Davy: “US manufacturing sector for now remains the cleanest dirty shirt — still expanding, but with growth slowing.” Only if you believe the US propaganda. The US has never left the last recession and is really in a depression, true facts be known. The US makes war, nothing else. Well, except DEBT! The US is a rotting shirt, not just dirty.

    https://wolfstreet.com/2019/06/03/us-cleanest-dirty-shirt-among-manufacturing-giants-germany-at-crisis-level-china-japan-south-korea-contract/

    Wolf Street is another Amerocentric, Wall Street Cheerleader site, and you are afraid to post it so you use the ‘tiny’ deception. I guess that comes from a tiny mind.

    “Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power.” – Mussolini The US has an orange Mussolini.

    GO TRUMP! TRUMP IN 2020! AMERICA’S MUSSOLINI! YOU CAN DO! JUST TAKE IT DOWN! GO TRUMP!

  48. Davy on Wed, 5th Jun 2019 6:31 pm 

    Oops, sorry for stealing JuanP’s identity again everyone, and for forgetting the link. I just don’t know what’s come over me lately.

    https://www.zerohedge.com/news/2019-06-05/do-we-face-global-food-disaster

  49. Davy on Wed, 5th Jun 2019 8:46 pm 

    For anyone that cares, I’m tucking myself in for the night now.

    All of my whining and bickering on this obscure anti-American website tuckers an old fart like me out real bad. I’ll be back in the morning with more shit and abuse.

    dumbasses

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