
Hi. I’m sorry to my regular readers for not writing any articles in the last couple of days; I’ve just been staring transfixed at the fallout from the election of Jair Bolsonaro in Brazil, and the words which normally come bubbling up on their own just haven’t been there for me.
Bolsonaro is a fascist. I mean that in a very real, literal and non-alarmist way. I’ve seen a lot of conservatives in both the US and Australia defending him as just another right wing nationalist like Donald Trump, which is partly due to the fact that he has been straightforwardly labeled the “Trump of the tropics” and the “Brazilian Donald Trump” by the English-speaking mass media, and partly due to the fact that the political left has been warning of the danger Bolsonaro poses using the exact same language they used to warn about Trump.
So in a way it’s understandable that the two men would be lumped into the same group in public perception. The right (the MAGA hat-wearing “Build the wall” right, not the tiki torch-waving “Pinochet did nothing wrong” right) would probably mostly object to Trump calling for a civil war in America in which tens of thousands of Americans would be rounded up and murdered, advocating the physical assault of homosexuals in the street, openly proclaiming that he wants America to be a dictatorship etc, but these are all things Bolsonaro has publicly spoken in favor of. But because they’ve been hearing him described using the exact same labels and dire warnings that were hyperbolically applied to Donald Trump, who minus the rhetoric and hysteria has turned out to be a fairly conventional Republican president, conservatives assume Bolsonaro is fine. All the most severe linguistic tools were used up against Trump, so there were none left in the toolbox for Bolsonaro.
Most of my readers are probably fans of Glenn Greenwald regardless of where they’re at on the political spectrum. If you think it’s unreasonable to be worried about Bolsonaro, watch this clip in which Greenwald, who lives with his husband and adopted family in Brazil, breaks down the situation in eight minutes. Really you only need to feel into the urgency of his tone in the video to get a feel for how dangerous things have become in that country for a gay, leftist domestic dissident journalist, all of which are features Bolsonaro views with a seething hatred.
So that’s happening. The world’s fifth most populous nation is about to come under the control of a violent fascist who wants to bulldoze the Amazon rainforest, an important carbon sink that has played an enormous role in slowing climate change. And, speaking for myself in the here and now, the world honestly does appear a bit darker as a result.
The planet’s biggest shield against climate change – the Amazon rainforest – was just put under the control of a maniacal right-winger who will likely pursue a deforestation plan. This will get zero media coverage, even though it threatens the survival of all life on Earth.
— David Sirota (@davidsirota) October 29, 2018
Standing in opposition to humanity’s ecocidal and omnicidal trajectory is, at its core, an act of faith. There is no logical reason that can be laid out with facts and evidence to believe our species can stop doing what it has been doing and change by sufficient orders of magnitude in time to avert our own destruction. It is rare enough for individuals to suddenly and drastically change their own deeply ingrained thought and behavior patterns; no matter how scientific and rational you think you are, to believe that we can all do such a thing at once is to believe in miracles. Maybe your miracle looks like everyone suddenly getting fed up with the status quo and using their strength in numbers to create a political system that benefits everyone, in which mankind begins collaborating with itself and its ecosystem in a radically unprecedented way, but you still believe in miracles.
Or maybe you don’t, I don’t know. Maybe whether this endeavor is winnable or not is entirely irrelevant to you, and you’re standing and fighting on general principles. Maybe in the war against delusion you’re one of those “Keep firing and take as many of the bastards with me as I can” soldiers who fights on to the last man not because he thinks he can win, but because the fight is intrinsically worth fighting until your last breath.
Either way, the only way victory is coming is if something never before seen bubbles up from the unknown. But guess what? Almost all of life is made up of the unseen and the unknown. Our auditory and visual fields only take in a very narrow spectrum of sound and light. Our brains process 400 billion bits of information per second, yet we are only aware of about 2,000 of those. The world our senses take in and form thoughts about bears no resemblance whatsoever to the world as it is actually occurring on the level of particles far too small to be seen with the naked eye, and science is still mostly clueless about exactly what the smallest of those particles even are. The mysteries of the brain are only just barely becoming known to science. The nature of consciousness itself, the means by which any of us experience anything at all, remains a complete scientific mystery.
What we know we don’t know dwarfs what we know, and what we don’t know we don’t know dwarfs what we know we don’t know.
Me? I believe in miracles. I have seen far too many in this life not to. I believe that the unprecedented has far, far more wiggle room than it needs within that yawning information gap of what we know to allow for the possibility of something unexpected bubbling up from a direction nobody was even looking in. There are plenty of gaps between the floorboards for the old patterns to fall through.
On the frontlines of the real revolution, the only revolution that has an actual shot at victory, stand the healers. Not the activists, not the journalists, not the teachers, not the preachers, not the artists, but the healers. The pattern disruptors. Those who are able to clear old, habitual conditioning patterns in themselves and in the collective and make way for life in its natural state. Healers are typically unseen and unrecognized, because our society only values the ability to make new things, not the ability to disappear them. But they are there, they are everywhere, working their ancient miracles in secret wherever there are people.
The most revolutionary thing anyone can do is relinquish their particular conditioned mental habits, because humanity’s conditioned patterns are what brought us to this point. This undoing, this healing, has nothing to do with having the right ideas in your head or espousing the correct ideology; it’s entirely a game of subtraction. Of finding those old, dense, fearful parts of our conditioning patterns which we developed over a lifetime of pain and trauma, making them fully conscious, and releasing them. Not to replace them with anything new, but to leave that freed-up energy available for responding to life as it is actually presenting itself.
The healers know that this is possible, and anyone can become a healer. All it takes is the sincere desire to become a truthful human being on the deepest levels possible, and a genuine curiosity about the ways in which that is not currently happening. This capacity exists within us all. It is unrecognized, unappreciated and unvalued by society, but it’s there; a doorway through which the unknown and unprecedented can be allowed to pour into our world.
How To Wake Up
“I’ve been putting off writing this article all year, but readers keep asking for it, and since I’ve been writing about mass enlightenment a lot lately I figure I might as well slip it in now.”#enlightenment #spiritualityhttps://t.co/gmxHh267LX
— Caitlin Johnstone (@caitoz) September 1, 2018
But there are things in the realm of the known which give me hope as well. Trust in the plutocrat-controlled mass media is at an all-time low while our ability to network and share information is at an all-time high, which means that a populist takeover of civilization’s dominant narratives is more possible than ever. Whoever is able to control the stories that the public is telling about themselves, their society and their world controls the public; if the public starts coming up with their own stories and elevating the ones that are most truthful and beneficial to them, the dominator class will necessarily lose control of the masses which vastly outnumber them.
Indeed, propaganda narratives are the only thing holding the oppression machine in place. Stories. Fairy tales. The only thing keeping people from rising up and overthrowing the dominator class is the fact that too many of us believe the stories they’ve been telling us using their ubiquitous narrative control. Our chains are made of fairy tales. Made of language. You cannot tell me that’s not winnable.
Our species is getting progressively better at educating itself, taking care of itself, and becoming less violent. Spiritual teachers who’ve been coaching people on how to change their relationship with their minds say that they’ve recently noticed an overall increase in people’s ability to awaken from deeply conditioned ways of functioning. Are these changes happening quickly enough to avert catastrophe? On paper, probably not. In practice, who knows? There are far too many unknowns and hidden wild cards in the deck.
It is those wild cards that keep me going. By fighting untruth both in myself and in the world, I take the fight where it needs to be. By doing my best to stay as fully present and engaged with life as it is, I remain on the alert for opportunities when gaps open up which can be seized upon to shine the light of truth through. By maintaining my faith in the existence of unknown variables, I never give up, never let the fight go out of me, no matter how dark it gets. As far as we know, it is still very, very possible for us to win this thing.


Chrome Mags on Wed, 31st Oct 2018 10:49 am
Wow, what kind of period are we entering in which fascists get elected. Is this pre-war?
Sissyfuss on Wed, 31st Oct 2018 8:51 pm
How does one dislodge the military industrial complex before they blow up the world? Elections seem to have no effect and the true revolutionaries are outgunned in every aspect. When the SHTF the reality of our predicament will at last be obvious to all as will our powerlessness to alter our ominous fate.
Пожалуйста, ударьте антиамериканскую собаку, которую я сделал из гранита on Wed, 31st Oct 2018 9:36 pm
one disarm the MIC by practicing love
when love overcomes the love of powa the world will know peace.
Cloggie on Wed, 31st Oct 2018 11:22 pm
Enerkite:
https://youtu.be/utRe_OXNwNo
(German language)
Пожалуйста, удалите антиамериканскую собаку, которую я сделал из гранитного форума on Wed, 31st Oct 2018 11:39 pm
guys he nazi have advanced beyond stuka bombers now they using kites
i’m afraid
DerHundistLos on Thu, 1st Nov 2018 12:10 am
Six months ago I was on a night flight to Manaus, Brazil. As we approached the Amazon region a deathly silence overtook the plane as people on the flight stared out of the windows in disbelief. Before us was a vision of hell. Over the entire horizon, the Amazon was burning. After the burning, for a few years the land is farmed before its minerals and organic matter are baked dry and leached from the soil. What’s left over is then open to the cattle ranches; however, the rapists are learning that as they raze the forest, the once predictable rains disappear. Nobody cares. Just move on to more green areas; avoid the brown landscape.
I give it 40 years or less before the “lungs of the earth” are no more.
Cloggie on Thu, 1st Nov 2018 1:47 am
guys he nazi have advanced beyond stuka bombers now they using kites
i’m afraid
This christian druggie/suicide candidate and davy is all that millimob’s tribe has to “conquer the world”. Much success in Iran! LMFAO
Russia defeated you in Syria, now Iran is going to be your downfall. All you need to do is cross the line. If the Chinese financial system collapses, they will be forced into war: clean up the South China Sea, invade Taiwan, Philippines (to eliminate US bases there) and perhaps jump into Australia. 40,000 US GI’s killed abroad is enough to initiate a secession movement in the US, which could very well be the motive for DJT to start this Iran campaign.
https://af.reuters.com/article/worldNews/idAFKCN1N50JG?feedType=RSS&feedName=worldNews
Several countries, among them the US, Hungary and Austria, withdrew from this “one world, one nation” scheme, invented by the UN, which should enable easier migration patterns, all to white lands of course, because the “US deep state”=UN wants to see white folks destroyed and they have total traitors like davy, tard, siss and the rest of the suicidal maniacs, to their disposal. I guarantee you it won’t work. CW2/WW3 will end this Anglo-Zionist madness. There are way too many people anyway. Time too lower the threshold to war and terminate the empire.
Davy on Thu, 1st Nov 2018 2:10 am
neder, getting desperate because you are talking desperate
Davy on Thu, 1st Nov 2018 4:43 am
“Lame Duck Merkel Has Only Her Legacy On Her Mind”
https://tinyurl.com/y9759lx8
“The obvious transition for Merkel is from German Chancellor to European Commission President. She steps down as Chancellor in May after the EPP wins a majority then to take Juncker’s job. I’m sure that’s been the plan all along. This way she can continue the work she started without having to face the political backlash at home. But, again, how close is Germany to snap elections if there is another migrant attack and Chemnitz-like demonstrations. You can only go to the ‘Nazi’ well so many times, even in Germany. There comes a point where people will have simply had enough and their anger isn’t born of being intolerant but angry at having been betrayed by political leadership which doesn’t speak for them and imported crime, chaos and violence to their homes. And the puppet German media will not be able to contain the story. The EU’s speech rules will not contain people who want to speak. The clamp down on hate speech, pioneered by Merkel herself is a reaction to the growing tide against her. And guess what? She can’t stop it. The problem is that Commies like Merkel and Soros don’t believe in anything. They are vampires and nihilists as I said over the weekend suffused with a toxic view of humanity.”
“Merkel is a lame-duck now. Merkelism is over. Absentee governing from the center standing for nothing but the international concerns has been thoroughly rebuked by the European electorate from Spain to the shores of the Black Sea. Germany will stand for something other than globalism by the time this is all over. There will be a renaissance of culture and tradition there that is similar to the one occurring at a staggering pace in Russia. And Angela Merkel’s legacy will be chaos.”
Cloggie on Thu, 1st Nov 2018 3:08 pm
E-vehicles: difference in specification and reality regarding range
https://www.dailymail.co.uk/money/cars/article-6337871/New-test-reveals-far-electric-cars-REALLY-travel-charge.html
Cloggie on Thu, 1st Nov 2018 3:11 pm
“Germany will stand for something other than globalism by the time this is all over. There will be a renaissance of culture and tradition there that is similar to the one occurring at a staggering pace in Russia.”
This quote was brought to you by Davy.
Cloggie on Thu, 1st Nov 2018 3:16 pm
Did Russia push the UK… in order to take its place?
https://www.dailymail.co.uk/news/article-6341951/Leave-campaigner-Arron-Banks-referred-National-Crime-Agency.html
Must be another conspiracy theory, there is no other explanation, walk on, nothing to be seen.
https://deepresource.wordpress.com/2012/06/23/russia-plays-the-european-card/
https://documents1940.wordpress.com/2017/12/03/paris-berlin-moscow/
https://documents1940.wordpress.com/2018/05/10/boreas-rising-paris-berlin-moscow/
Cloggie on Thu, 1st Nov 2018 3:17 pm
Should read:
Did Russia push the UK out of the EU… in order to take its place?
I AM THE MOB on Thu, 1st Nov 2018 3:46 pm
Clogg
Enough with the fake news from the daily mail..Its a tabloid..Its not supposed to be taken seriously..You are so fucking stupid..
You are like Davy..You need a safe space..
You boomers IQ’s are way past peak..
Cloggie on Thu, 1st Nov 2018 3:57 pm
“Enough with the fake news from the daily mail.”
You have said that 100 times now, with your impotent, low-IQ Pavlov reaction. You are just another powerless wannabee moderator, achieving exactly nothing.
https://www.dailymail.co.uk/news/article-6343269/Man-penis-testicles-eaten-bulldog-room-animal.html
Antius on Thu, 1st Nov 2018 4:04 pm
Claimed range is rather like miles per gallon. It assumes perfect driving conditions and constant and optimum speed and perfect systems. It is a maximum value, rather than a realistic one.
I AM THE MOB on Thu, 1st Nov 2018 4:15 pm
Macron warns Europe against return to 1920s populism, calls to fight Europe’s nationalist “leprosy”
http://en.rfi.fr/europe/20181101-macron-europe-leprosy-fight-nationalist-progressist-salvini-orban-italy-hungary
Cloggie on Thu, 1st Nov 2018 4:19 pm
“Macron warns Europe against return to 1920s populism, calls to fight Europe’s nationalist “leprosy””
All he needs to do is close the borders, throw back invaders to African shores and send back hundreds of thousands of invaders. And already his warning will become superfluous.
I AM THE MOB on Thu, 1st Nov 2018 4:20 pm
Clogg
Where is the love my Brother?
https://www.youtube.com/watch?v=QyT9jTW7MHc
Cloggie on Thu, 1st Nov 2018 4:38 pm
Bend over and I’ll show you my love (with my feet).
Davy on Thu, 1st Nov 2018 4:48 pm
“This quote was brought to you by Davy.”
Neder, I tell things how they are and I approve of that quote. I am against the globalist in regards to the gutting of cultures globally not just white European ones.
I AM THE MOB on Thu, 1st Nov 2018 4:51 pm
Davy
You are going full blown tin foil hat/ black helicopters coming at ya! The globalist? I bet you can’t name one of these people..Just like the “deep state”..
Pure paranoid schizophrenia..
Cloggie on Thu, 1st Nov 2018 4:53 pm
Easyjet to test electric flying for 9p as of next year:
https://cleantechnica.com/2018/10/31/easyjet-to-test-9-passenger-electric-airplane-in-2019/
Cloggie on Thu, 1st Nov 2018 4:56 pm
https://usawatchdog.com/civil-war-is-coming-to-america-steve-quayle/
“Civil War Is Coming To America – Steve Quayle”
Davy on Thu, 1st Nov 2018 4:57 pm
“I bet you can’t name one of these people..Just like the “deep state”..”
always looking for the trees but missing the big picture
I AM THE MOB on Thu, 1st Nov 2018 5:00 pm
Clogg
Americans are to lazy to start a civil war..As long as they have their dancing with the stars and I-toy’s all is good..
And USA watchdog is a buffoon..
Davy on Thu, 1st Nov 2018 5:04 pm
“Civil War Is Coming To America – Steve Quayle”
There is a civil war currently. It is in the circles of power. It is not the one you are looking for, neder. You fail to understand the US population, regions, and special interests. There is way too many different power nodes for the civil war (race war) you are so desperately are looking for. I think it is sick craving you should seek help for.
Duncan Idaho on Thu, 1st Nov 2018 7:29 pm
The Greenwald clip is great:
https://www.youtube.com/watch?v=rq2pvabDN7c
Cloggie on Thu, 1st Nov 2018 8:58 pm
“And USA watchdog is a buffoon..”
Greg Hunter is from Missouri so everything he says is true. Ask Davy.
“There is a civil war currently. It is in the circles of power. It is not the one you are looking for, neder.”
It is in the circles of power indeed, but that doesn’t mean it will remain limited to the top. It won’t because there is no compromise possible. The left is determined to ram white America into minority possition, but white America doesn’t like to be made powerless. The only way out is armed conflict, you are deluding yourself with your “last man standing” rethoric. It is going to happen when DJT leaves office.
https://documents1940.wordpress.com/2018/06/11/cw2-brewing/
I AM THE MOB on Thu, 1st Nov 2018 9:15 pm
Clogg
Can Italy Be the Next Greece?
https://www.nasdaq.com/article/can-italy-be-the-next-greece-cm1048048
Europe is on the brink of collapse you dumb peckerwood!
I AM THE MOB on Thu, 1st Nov 2018 9:52 pm
Don Lemon: ‘Biggest Terror Threat in This Country Is White Men’
https://www.yahoo.com/news/don-lemon-biggest-terror-threat-135210183.html?ncid=facebook_yahoomainn_em41hhdtfic&fbclid=IwAR0oDnhQ5cDvvF7tu5hq9nE3MOUXGPzHtBh_W7HQwMRDx5mrbNMltexpSS8
Whitey is scum..
I AM THE MOB on Thu, 1st Nov 2018 9:57 pm
Rising Ethnic Diversity Increases Whites’ Fears
https://www.scientificamerican.com/article/rising-ethnic-diversity-increases-whites-fears/?utm_source=twitter&utm_medium=social&utm_campaign=sa-editorial-social&utm_content&utm_term
I AM THE MOB on Thu, 1st Nov 2018 10:07 pm
This Trump supporter that thinks the Lincoln Memorial building is the White House
https://i.redd.it/4v7htjn0urv11.jpg
I AM THE MOB on Thu, 1st Nov 2018 11:14 pm
Christian Side Hug[FULL SONG]
https://www.youtube.com/watch?v=Sa0EtdtPi8w
This is what happens when republicans try to rap..
LMFAO!
Cloggie on Fri, 2nd Nov 2018 1:34 am
Clogg
Can Italy Be the Next Greece?
https://www.nasdaq.com/article/can-italy-be-the-next-greece-cm1048048
Europe is on the brink of collapse
Your room temperature IQ and attention span are too low to even read the article, let alone understand it. From that rag:
There are still some things that make Greece and Italy significantly different and the effects of these differences will vary tremendously.
Though Italy is suffering from many of the same economic woes that Greece experienced a decade earlier, the degree to which they are suffering is not nearly as bad. The Debt-GDP ratio is more sustainable (suggesting that austerity might not be necessary), unemployment is lower, and Italian bonds have experienced comparatively little volatility.
Everybody concentrates on Italian public debt, but if you want to judge Italy, you need to judge the ENTIRE picture. And if you do, you will see that public debt is the ONLY negative factor:
https://deepresource.wordpress.com/2012/12/11/the-real-state-of-western-finances/
Italy is financially the most stable country in the western world, where the US is merely kept afloat by the dollar reserve currency. The US, now THAT is even worse than Greece, see graph.
Here you have one of your fellow TalmudTurk’s admitting that the US is even worse than Greece, as can be seen from the graph above:
https://edition.cnn.com/2011/09/19/opinion/kotlikoff-us-debt-crisis/index.html
You worry about your own country, not about bella Italia, you snotty-nose kid.
Davy on Fri, 2nd Nov 2018 4:40 am
“It won’t because there is no compromise possible. The left is determined to ram white America into minority possition, but white America doesn’t like to be made powerless. The only way out is armed conflict, you are deluding yourself with your “last man standing” rethoric. It is going to happen when DJT leaves office.”
Kinda funny, the guy that is on American site because he can’t preach his agenda in Holland wants the US destroyed. Where are you going to preach then neder? You don’t understand the dynamics of the US. A civil war like you envision is not possible. A time of discontent like 68 is possible. We are already seeing a civil war in the power center and likely within the deep state itself. Ah yes, the US could very well be the “last man standing”. Pretty obvious you Euros are going down and so is China. Which of us hits bottom first is a tossup.
Davy on Fri, 2nd Nov 2018 4:43 am
“Italy is financially the most stable country in the western world, where the US is merely kept afloat by the dollar reserve currency. The US, now THAT is even worse than Greece, see graph.”
neder has copy and pasted this probably 20 times. He has little understanding of finance. He cherry picks the data per his POV. Neder saying something more does not make it more true.
Davy on Fri, 2nd Nov 2018 5:09 am
“Why American Consumers Are About To Be Blindsided By An Inflationary Shockwave”
https://tinyurl.com/yc585nv7
“U.S. consumer staple and industry-leading companies are either already in the process of raising prices, or have set concrete plans to do so in the very near future. Once these price increases are passed through to consumers, it will likely mark the end to a long period of “low inflation” that the Fed has constantly leaned on as an excuse to keep rates low for nearly a decade.”
“While inflation still technically remains near the Fed’s 2% target, if you believe the CPI number, which as we have discussed previously woefully undercounts true inflation which is as much as three times higher than the Fed’s hedonically adjusted, politically motivated number, prices are set to move higher as a result of labor shortages, while headwinds for prices include the recent strength of the dollar, making imports cheaper. And then there are tariffs. It’s obvious that higher prices will “work” alongside the Fed’s rate hikes to help dampen the United States economy further. Not only that, but higher prices could cause even more damage if the Fed sees raising rates as the main solution to inflation exceeding its expectations. Diane Swonk, Grant Thornton’s chief economist, previewed what will happen next best: “We might see a pop of inflation in the first quarter.” Once that happens in what is already a rising rate environment in which the president has made it clear he is solidly against any more Fed tightening, we wonder just what Powell’s next move will be when even higher prices force his bluff?”
Davy on Fri, 2nd Nov 2018 5:10 am
The predicaments of stagflation. This is already happening elsewhere and it is going to hit in the US. Some kind of recession like situation along with inflation. All the variables have been building and it appears 2019 will be a troubled year. Stagflation is very hard to pull out of because the traditional tool for inflation of raising rates makes it worse. Lowering rates effectively is currently not an option so I guess they have a new trick or they will start easing again. The problem with easing again is debt has already grown to such high levels across the board and globally. Markets are peaking and consumers are being tapped out. Many of us have talked about the recession that never ended after the GFC. Things will only get worse for this group. The wealth transfer and disruption of traditional sectors from repression and easing has been recessionary for many add to that stagflation.
It is the connected that are rich and have their hands on the lever of power that are now at risk. This is because their numbers will now be under pressure. This means an ever shrinking pool of affluence for those who benefited from the post GFC policies. Countries that saw huge expansion from Eurodollar lending at unreasonably low rates will likewise and now are suffering. The China phenomenon is peaking. Where will this all go? Well one thing is likely demand will soften so look to a possible softening in the oil markets. Renewables and EV’s will be under pressure because they are costly and in some ways redundant. Fossil fuels they are replacing may cheapen and make it harder to replace carbon dirty industries. Maybe the plunge team of the various central banks have this under control.
Davy on Fri, 2nd Nov 2018 5:20 am
“The ECB’s Epic Failure In One Shocking Chart”
https://tinyurl.com/yaxb7gwf
“Good. Europe’s QE experiment needs to end. Not because it succeeded, rather since there was no hope for it from the beginning. It was a giant waste, at best an enormous distortion. At most, it was a huge distraction from the real problem. You have to hand it to the Germans. They seem quite capable of the more serious business of economics (small “e”). Where Economists (capital “E”) like Draghi play the game of somewhat data dependent, businesses in Germany refuse license to the same luxury. They are business dependent, meaning that if things really were booming they would act that way. And if something like recession looms, the Germans would know it. And that’s exactly what they’ve said for much of this year particularly the past four or five months. The global economy, which heavily influences Germany’s, is heading for another downturn. For Europe as a whole, it’s a whole lot of trouble.”
“Therefore, the results have been rising insanity. Picture yourself as an Italian. Europe’s political class tells you, based on Economists’ math, that you better just accept the way things are, that you don’t know how good you have it. Europe’s economy is booming and therefore you must be some form of detestable “ism” to resist their carefully laid plans. Now, all of a sudden, the European economy as a whole is slowing and even contracting in some parts. You never felt this boom they talked about endlessly and now you can sense even that might be gone. And that’s why it is really dangerous. Because Italy’s economy, Europe’s third largest, has shrunk. In Q2 2018, the latest Eurostat figures for Italy alone, Italian GDP was still 5% below the peak in Q1 2008. Five percent is a huge contraction for any single recession. Stretched out over ten and a half years it is nothing at all like recession, it is absolute criminal corruption. Not the kind where officials are looting the Treasury, but intellectual corruption that is far more dastardly and ultimately destructive.”
Davy on Fri, 2nd Nov 2018 5:25 am
“277 Billion Reasons Why France Is So Worried About Italy’s Showdown With Brussels”
https://tinyurl.com/yd4p39y4
“France was just served with a stark reminder of an inconvenient truth: €277 billion of Italian government debt — the equivalent of 14% of French GDP — is owed to French banks. Given that Italy’s government is currently locked in an existential blinking match with both the European Commission and the ECB over its budget plan for 2019, this could be a big problem for France.”
“France isn’t the only Eurozone nation with unhealthy levels of exposure to Italian debt, although it is far and away the most exposed. According to the Bank of International Settlements, German lenders have €79 billion worth of exposure to Italian debt and Spanish lenders, €69 billion. In other words, taken together, the financial sectors of the largest, second largest and fourth largest economies in the Eurozone — Germany, France and Spain — hold over €415 billion of Italian debt on their balance sheets.”
“This is all perfectly understood by Italy’s government, as is the fact that French, German and Spanish banks are now far too exposed to Italian debt for their respective governments to even entertain the idea of pushing Italy to the edge. That knowledge is fueling the coalition government’s bravado, with some lawmakers now even talking about extending Italian government funds to struggling Italian banks if economic conditions continue to worsen.”
“Lorenzo Bini-Smaghi, a former member of the ECB board, disagrees. He believes that events are following a similar script to the onset of the Eurozone debt crisis in 2011, when surging bond yields caused a massive contraction in credit. “Italy is going straight into a wall,” he says. “The economy risks tipping into recession in the fourth quarter. The banks have already cut loans over the summer, as soon as the spreads began to rise. The Italian government has not understood this. You can’t see the wall yet, but the crash is going to be violent.”
Davy on Fri, 2nd Nov 2018 5:29 am
Who Really Built America’s Massive Pyramid Of Debt?
https://tinyurl.com/y7ujnblc
I AM THE MOB on Fri, 2nd Nov 2018 6:04 am
CLogg
Italy’s debt is over 125% of GDP..Only two other large countries have that high of debt..One is Greece and the other is Japan..Greece went bankrupt at 150% Debt to GDP..Japan is fine because they have there own central bank..Italy doesn’t, they use the ECB..
Just a matter of time before they go bankrupt..
Tick tock you old crusty declining IQ moron.
I AM THE MOB on Fri, 2nd Nov 2018 6:04 am
OH sorry, source “WSJ”
https://blogs.wsj.com/economics/2017/12/29/just-four-large-countries-have-a-higher-debt-burden-than-the-u-s/
Cloggie on Fri, 2nd Nov 2018 6:22 am
In Q3 the German economy contracted for the first time since 2015:
http://m.spiegel.de/wirtschaft/soziales/deutsche-wirtschaft-laut-ifw-im-sommerquartal-geschrumpft-a-1236450.html
Reason: problems with diesel scandal. Researchers stress that this not structural.
I AM THE MOB on Fri, 2nd Nov 2018 6:30 am
Clogg
Diesel scandal? You believe that you moron?
I have some magic beans I would love to sell to you..
LMFAO!
I AM THE MOB on Fri, 2nd Nov 2018 6:32 am
Clogg
Europe Economic Growth (GDP)
1973 5.4 %
1989 3.3%
2001 2%
2016 1.6%
2028 0% = Economic Collapse
Source: Harvard
Political Instability and Economic Growth – (Alesina, 1996) Journal of Economic Growth
https://www.scribd.com/document/384373317/Political-Instability-and-Economic-Growth-Alesina-1996
Source: World Bank
https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locati&locations=EU
Davy on Fri, 2nd Nov 2018 7:00 am
“Photo Reportage: Coping With Energy Poverty Across Europe”
https://tinyurl.com/y8fqyp5b
The daily struggles of just 20 people in four countries drive home a harsh reality: even in the wealthy economies of the European Union (EU), some people cannot access or afford enough energy to support health and wellbeing for their families. By some estimates, as many as 120 million EU citizens (almost 20%) face situations of ‘energy poverty’. While defining energy poverty and determining who might be ‘energy poor’ are complex challenges, the most common indicator is having energy expenses that exceed 10% of the household budget. At this level, people begin to face difficult choices, like whether to heat or eat.
I AM THE MOB on Fri, 2nd Nov 2018 7:47 am
Almost 1 in 5 Germans is ‘at risk of poverty’ despite record employment – study
https://www.rt.com/news/442901-germany-people-risk-poverty/
I AM THE MOB on Fri, 2nd Nov 2018 8:02 am
Nearly 80 percent of Americans concerned lack of civility in politics will lead to violence, poll says
https://www.pbs.org/newshour/politics/nearly-80-percent-of-americans-concerned-negative-tone-lack-of-civility-will-lead-to-violence-poll-says?fbclid=IwAR0xXE01xClaHuuAbd6hWze5xmRYv–vprXQRMRJQAqzBM0vHrbvjSSJhBU