DEBT WALL 2013: The Death of Socialism

[Aman A.K.A. Ahamburger]

As the first State in history approches junk status: Official warns Illinois finances in ‘massive crisis mode’.. Put another way: Illinois' budget mess shackling growth, business leaders warn. Stay

[Aman A.K.A. Ahamburger]

Have to post this here too: from the "Bonds are the house you live in" thread.

Sept 9, 2016 11:59:46 GMT -5 Aman A.K.A. Ahamburger said:

The question for the bond market - IMHO - is going to be if the FED is going to support a broken government social support system when the great revaluation happens, or if a haircut will be needed to hit the clearing level.

Then lets talk about how even during a "tribulating" time, US govt bonds are still going to be the best of the worst; even after a haircut.

Of course when we are creating the new baseline for the Sharpe Ratio...

Yes, bonds are often overlooked because they are boring. Over the last three years around these parts bonds have killed housing, hell, holding Ka$h has been a better option. Great points!

Sept 12, 2016 0:32:36 GMT -5 Aman A.K.A. Ahamburger said:

Sept 11, 2016 20:24:11 GMT -5 bimetalaupt said:

Like during the 1930's bonds did very well; also from 2008 to 2009.  In fact from 8-2001 to now bonds fund I owned did better then the high risk growth fund.  When you add risk to the high beta fund the bonds were far better investment. It has been a 35 year bull market so I think this about to end but I could be wrong.

Just a thought,
Bruce

The bull ran so long that it drove rates through the floor!!! New meaning to a bull in a China shop?? During the depression there wasn't massive interest payments on debt and social spending. After the GR China went on a debt binge unheard of before now....

The good news is that energy and economics can make it so that a haircut would be a non issue. Especially because this isn't going to be an issue until the 2019-2020 range.

I mean lets face it, the UST market may still be operational, but the rest of the global government debt market is FUBAR; and unfortunately it's all one market linked with many trillions in derivatives...

JMO.

The internationalization of the bond market will force a 'debt jubaliee'; aka Debt Wall 2013; the Death of Socialism. Stay

Japan's government bond market grinding to a halt

[Aman A.K.A. Ahamburger]

And where will the pensioners go to get the money they need when the haircuts happen.... Stay

America’s Pension Bomb: Illinois Is Just the Start

We’ve been hearing it for years: America’s public pensions are a ticking time bomb. Well, at long last, the state of Illinois is about to expose just how big this blowup could be. As of the 2015 fiscal year, Illinois had promised its employees $199 billion in retirement benefits. Right now, it’s $119.1 billion short. That gap lies at the center of a years-in-the-making fiscal mess that’s threatening to drop the state’s credit rating to junk-bond status. But Illinois is hardly alone. Connecticut and New Jersey—states that, to most of the world, seem like oases of prosperity—are under growing financial strain, too.

[Aman A.K.A. Ahamburger]

And yes, this is a world wide issue which is why the Internalization of debt will become a major problem.

Europe's Unsustainable Welfare State

Angela Merkel used to say that “the European Union is about 5% of the world’s population, about 25% of its GDP, and about 50% of global welfare spending”:

The real data is more concerning.

The European Union is:

7.2% of the World Population.
23.8% of the World’s GDP.
58% of the World’s Welfare Spending.

Something has to give.

[Aman A.K.A. Ahamburger]

Austerity isn’t Dead, it will Come Back with a Vengeance

the very high levels of sovereign debt mean austerity will return. To understand why this must happen we need to deal with the three key fallacies that austerity opponents are propagating.


First, austerity is wrongly blamed for reducing economic growth. This is such a deceitful lie as it seems so logical and seems to be backed up by examples like Greece....

Second, there is the avoidance of the reality that increasing debt drags down future economic growth. Anyone that has personal debt understands that those repayments reduce their ability to spend until the debt is cleared. Yet when it comes to government debt, many cite “animal spirits” as the magic that will allow governments to grow into their debts....

Third, many are propagating the view that printing money isn’t the bogeyman it has been made out to be. Nothing bad has happened to Japan, Europe and the US so why worry? This argument conveniently ignores centuries of human history of money printing...

Governments with loose fiscal and monetary policies can get away with it for a while, but in the long term they will exhaust their credibility with investors and lose control over their spending levels...

War=debt Jubilee... stay

[Aman A.K.A. Ahamburger]

Internationalization of debt and cultural Marxism driving this debt has had a negative ROE/ROI, which is why we are in a negative interest rate environment facing deflation; but more likely war!

After hitting the debt wall in 2013: including illegal activities in GDP is fraud, just like negative interest is fraud. Social programs are some of the most defrauded programs on the planet; outside of Chinese economic data. When you look at the social upheaval across the globe, it's plain as day that promises made about a Great Society were fraudulent claims.

Like I said fraud: aka, Chickens meet roost.  Stay 

-Over $9tn of bonds trade with negative yields
-German companies hit by negative interest rates
-Swiss banks paid $1 billion in negative interest rates in first half

[Aman A.K.A. Ahamburger]

It's always been a battle for the hearts and minds. I remember my first post on the old MSN money boards in early 2010; it was about the need for all this socialists propaganda to stop.. Looks like I was a few decades late... In 1983... Have to wonder what Bezmenov would say about 2017...

While I think - as usual - ZH is Ulta Bearish and there probably won't be a Red October in DC this year.... Karl Marx is the most assigned "economist" in US collages...the Communist Manifesto is top three assigned book... 40% of US citizens apparently prefer socialism over capitalism; this is backed up by the current mayor of NYC saying private property is a major issue and if he had it his way big government would control our lives.... kids are being thrown out of class for wearing "Make America Great Again" tee shirts...

World debt has exceeded GDP by far. So, we are out of other ppls money; therefore socialism is dead. However, chaos theory would dictate that for our current system to stay intact, and for North America to not end up as feudal states during WWIII that we will have to rebuild from ... it's like the Rush songs says; "The men who hold high places, must be the ones to start, to build a new reality closer to the heart." (IE accepting a debt Jubilee) Stay

[Aman A.K.A. Ahamburger]

The world is becoming desperate about deflation

If the outlook was bright, interest rates would not be where they are today

In an attempt to prevent an unpleasant revisit to the Stone Age, global governments have bailed out banks and the private sector. These bailouts and subsequent stimuli swelled global government debt, which jumped 75%, to $58 trillion in 2014 from $33 trillion in 2007. (These numbers, from McKinsey & Co., are the latest, but it’s fair to say they have not shrunk since.)

There’s a lot about today’s environment that doesn’t fit neatly into economic theory....

....The key takeaway: negative and near-zero interest rates show central banks’ desperation to avoid deflation. More important, they highlight the bleak state of the global economy.....

...The main point that investors must understand and remember: If the global economy were doing great, interest rates would not be where they are today.

Of course still ignoring/not understanding how war fits into this crisis of Foundation and Empire. Stay

[Aman A.K.A. Ahamburger]

More evidence this facist, fraudulent, socialized International Government is on its last legs. The harder they squeeze, the more that will slip through their fingers! Stay

If You Can’t Beat ‘Em . . . Ban ‘Em

More than a century ago, it was not necessary for any government to decree that horses and buggies – and the first electric cars, for that matter – will be verboten henceforth.

They died a natural death – a free market death...

....More than a century ago, technology liberated the average person, expanded his horizons. 100 years down the road, technocracy is bound and determined to reverse that.

[Aman A.K.A. Ahamburger]

Bank bailout hits Russia as B&N asks central bank for aid

Russia’s B&N Bank, the country’s 12th biggest lender by assets, has sought a bailout from the central bank, just three weeks after another leading Russian bank had to be rescued.

Illinois' unpaid bill backlog hits a record $16 billion

[Aman A.K.A. Ahamburger]

Who Killed U.S. Inflation? Here Are Suspects in Yellen's Mystery

Of course the article author either ignores or refuses to accept debt with no ROI has destroyed the business cycle. Who killed inflation? This fascist, fraudulent, socialized International Government. Stay

[Aman A.K.A. Ahamburger]

I would have filed this under the renewables that don't work category.. however, the sheet lunacy relates to post #188 so well. Tax and spend! Tax and spend! Kill industry!

-France pledges help for auto suppliers hit by diesel decline
-France raises carbon taxes, to repay EDF renewables debt

[Aman A.K.A. Ahamburger]

The following is a great analysis of the Global baby boomer bubble, yet it doesn't take into account for anything but current economic trajectory.... Debt Jubilee guarantee... Stay

Global Retirement Reality

Today we’ll continue to size up the bull market in governmental promises. As we do so, keep an old trader’s slogan in mind: “That which cannot go on forever, won’t.” Or we could say it differently: An unsustainable trend must eventually stop....


....The $400 trillion gap is the shortfall in government, employer, and individual savings. The proportions among the three vary a great deal. Some countries have robust government-provided retirement plans; others depend more on employer and individual contributions. In the aggregate, though, the money just isn’t there. Nor will it magically appear just when it’s needed.

[Aman A.K.A. Ahamburger]

Debt Jubilee guarantee...

Having a businessman in the White House is starting to pay dividends... AKA, someone who isn't afraid to do what needs to be done!

-Puerto Rico bonds collapse after Trump says its debt needs to be wiped out
-Minnesotans rally for Trump to make good on vow to wipe Puerto Rico's debt
-Rally held in Chicago to demand Puerto Rico's debt be forgiven

[Aman A.K.A. Ahamburger]

The following article is a great outline on why we are in a deflationary environment, why 2013 was a year to watch out for, how delusions of grandeur killed the recovery in 2014(substantiated by earnings still at 2014 levels) and why a debt Jubilee guarantee is in the 2019-2021 range now due to the Jihad (war) going Global. Stay

The Shocking Truth About Government Debt (This article doesn't take into account the massive fraud in Europe or China either )

[Aman A.K.A. Ahamburger]

City of the future indeed!

Google wants to run cities without being elected

[Aman A.K.A. Ahamburger]

Great read!

Why Socialism Is Dead

In retrospect, this seems incredible. Here was a movement that captured the Soviet Union and China. Yet there was not a single book, let alone a shelf of books, available to Lenin in 1917 and Mao in 1949 that could serve as a guide to the kind of economic organization that they should impose...

Socialism has always been a movement based mostly on rhetoric. There was never any logic to it. There were endless promises about how politics or class revolution could bring in a socialist paradise, but there was nothing written about how this paradise would operate.....

Here is what defenders of socialism refuse to face: there is no theory of socialist economic planning. Socialist economic theory has always been missing in action. There is also no practical treatise that has served as a guide for socialist economic planners after their national revolutions. Socialist economic planning has been chaotic. No theory of socialist planning ever emerged from this chaos.....

In short, there are no working models of socialism.

[Aman A.K.A. Ahamburger]

Crossing over from the Asian Crisis into the facist, fraudulent, socialized International Government is on its last legs.. Stay

-China Bond Rout Is `Early Warning Signal' to Global Debt Market
-Three kinds of debt are the biggest problems in China, says economist
-How Long Can Social Security Survive?
-Corporations Can't Oppress Us without the State's Help

[Aman A.K.A. Ahamburger]

Resolved: The Welfare State Should Be Abolished

the US already had a huge and growing structure of private welfare in place, particularly as provided by religious institutions dedicated to helping widows, orphans, and new immigrants.

A great example is Mother Cabrini of the Missionary Sisters of the Sacred Heart of Jesus. They opened orphanages all over the East and West Coasts, managing hundreds of properties including hospitals and schools. But for the “Progressive” intellectuals of the period, these institutions were considered unprofessional and entirely too undisciplined, and they sought to displace these institutions with secular and publicly funded services. They succeeded.

Between 1905 and the mid-1930s, the welfare state was built and came to replace private provision. Funding sources dried up following the double blow of the income tax and estate tax, together gutting the fortunes that had been so generous to charitable institutions. Public provision did not make up the difference. But the big change was regulatory. A great example of early efforts is the minimum wage. When it was first presented, it was designed not to raise the wages of the poor but to raise the bar of entry into the workforce as high as possible so as to exclude “unfit” portions of the population....

....But let’s look today at the workings of the modern welfare state. The idea that it actually helps the poor is unsupportable. It is funded by vast payroll and excise taxes that harm the poor and middle class disproportionately (the rich pay most of the income taxes). Of the more than $1 trillion of spending that today constitutes what people call the welfare state, most of the dollars end up in the hands of the cartelized medical industry, which results in higher prices, less competition, and lower quality service.

[Aman A.K.A. Ahamburger]

A veiw of the future rooted in the past.

How Government Inaction Ended the Depression of 1921

The Austrians have very good theoretical reasons for opposing government stimulus programs, but those reasons are liable to remain unknown to the average person, who seldom studies economics and who even more seldom gives non-establishment opinion a fair hearing. That’s why it helps to be able to point to historical examples, which are more readily accessible to the non-specialist than is economic theory. If we can point to an economy correcting itself, this alone overturns the claim that government intervention is indispensable.....

....James Grant tells the story in his important and captivating new book The Forgotten Depression — 1921: The Crash That Cured Itself. A word about the author: Grant ranks among the most brilliant of financial experts. In addition to publishing his highly regarded newsletter, Grant’s Interest Rate Observer, for more than thirty years, Grant is a frequent (and anti-Fed) commentator on television and radio, the author of numerous other books, and a captivating speaker. We’ve been honored and delighted to feature him as a speaker at Mises Institute events.

What exactly were the Federal Reserve and the federal government doing during these eighteen months? The numbers don’t lie: monetary policy was contractionary during the period in question. Allan Meltzer, who is not an Austrian, wrote in A History of the Federal Reserve that “principal monetary aggregates fell throughout the recession.” He calculates a decline in M1 by 10.9 percent from March 1920 to January 1922, and in the monetary base by 6.4 percent from October 1920 to January 1922. “Quarterly average growth of the base,” he continues, “did not become positive until second quarter 1922, nine months after the NBER trough.”

The Fed raised its discount rate from 4 percent in 1919 to 7 percent in 1920 and 6 percent in 1921. By 1922, after the recovery was long since under way, it was reduced to 4 percent once again. Meanwhile, government spending also fell dramatically; as the economy emerged from the 1920–21 downturn, the budget was in the process of being reduced from $6.3 billion in 1920 to $3.2 billion in 1922. So the budget was being cut and the money supply was falling. “By the lights of Keynesian and monetarist doctrine alike,” writes Grant, “no more primitive or counterproductive policies could be imagined.” In addition, price deflation was more severe during 1920–21 than during any point in the Great Depression; from mid-1920 to mid-1921, the Consumer Price Index fell by 15.8 percent. We can only imagine the panic and the cries for intervention were we to observe such price movements today.

The episode fell down the proverbial memory hole, and Grant notes that he cannot find an example of a public figure ever having held up the 1920–21 example as a data point worth considering today. But although Keynesians today, now that the episode is being discussed once again, assure everyone that they are perfectly prepared to explain the episode away, in fact Keynesian economic historians in the past readily admitted that the swiftness of the recovery was something of a mystery to them, and that recovery had not been long in coming despite the absence of stimulus measures.

The policy of official inaction during the 1920–21 depression came about as a combination of circumstance and ideology. Woodrow Wilson had favored a more pronounced role for the federal government, but by the end of his term two factors made any such effort impossible. First, he was obsessed with the ratification of the Treaty of Versailles, and securing US membership in the League of Nations he had inspired. This concern eclipsed everything else. Second, a series of debilitating strokes left him unable to do much of anything by the fall of 1919, so any major domestic initiatives were out of the question. Because of the way fiscal years are dated, Wilson was in fact responsible for much of the postwar budget cutting, a substantial chunk of which occurred during the 1920–21 depression.

Warren Harding, meanwhile, was philosophically inclined to oppose government intervention and believed a downturn of this kind would work itself out if no obstacles were placed in its path. He declared in his acceptance speech at the 1920 Republican convention:

"We will attempt intelligent and courageous deflation, and strike at government borrowing which enlarges the evil, and we will attack high cost of government with every energy and facility which attend Republican capacity. We promise that relief which will attend the halting of waste and extravagance, and the renewal of the practice of public economy, not alone because it will relieve tax burdens but because it will be an example to stimulate thrift and economy in private life.

Let us call to all the people for thrift and economy, for denial and sacrifice if need be, for a nationwide drive against extravagance and luxury, to a recommittal to simplicity of living, to that prudent and normal plan of life which is the health of the republic. There hasn’t been a recovery from the waste and abnormalities of war since the story of mankind was first written, except through work and saving, through industry and denial, while needless spending and heedless extravagance have marked every decay in the history of nations."

Harding, that least fashionable of American presidents, was likewise able to look at falling prices soberly and without today’s hysteria. He insisted that the commodity price deflation was unavoidable, and perhaps even salutary. “We hold that the shrinkage which has taken place is somewhat analogous to that which occurs when a balloon is punctured and the air escapes.” Moreover, said Harding, depressions followed inflation “just as surely as the tides ebb and flow,” but spending taxpayer money was no way to deal with the situation. “The excess of stimulation from that source is to be reckoned a cause of trouble rather than a source of cure.”

[wyouser]

Thanks for posting this.

[Aman A.K.A. Ahamburger]

Not a problem. It's nice to have some context on what the clearing level will look like.

[Aman A.K.A. Ahamburger]

Pretty sure I have mentioned the baby boomer bubble... And a debt jubilee.. Stay

-Puerto Rico's Archbishop Pushes Debt Jubilee
-Illinois cities seeing operations hobbled by pension debts under new law
-Teacher Pension Crisis Overwhelms California And Kentucky
-U.S. Pension Fund Collapse Isn't a Distant Prospect. It Could Come in 5 Years (This could happen in three years in a bad stock market)

[Aman A.K.A. Ahamburger]

If there was a better link, I would post it. But this is the world we live in. This should probably be filed under "A Different Perspective on the Deep State"... But in the end this is the root of why Socialsim is dead. America is a new country in the long history we have. It's an idea based on freedom, not a structured regim. It's been under attack since it's inception, and while ultimately the level of decit over the past 50-60 years from it's enemies is balanced due to an over reaching military; as the world is thrust into a vacuum and crushed by the truth, freedom will regin when the dust has settled.

READ THE SECRET 45 GOALS OF COMMUNISM LEAKED TO CONGRESS IN 1963

1. U.S. acceptance of coexistence as the only alternative to atomic war.

2. U.S. willingness to capitulate in preference to engaging in atomic war.

3. Develop the illusion that total disarmament [by] the United States would be a demonstration of moral strength.

4. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.

5. Extension of long-term loans to Russia and Soviet satellites.

6. Provide American aid to all nations regardless of Communist domination.

7. Grant recognition of Red China. Admission of Red China to the U.N.

8. Set up East and West Germany as separate states in spite of Khrushchev’s promise in 1955 to settle the German question by free elections under supervision of
the U.N.

9. Prolong the conferences to ban atomic tests because the United States has agreed to suspend tests as long as negotiations are in progress.

10. Allow all Soviet satellites individual representation in the U.N.

11. Promote the U.N. as the only hope for mankind. If its charter is rewritten, demand that it be set up as a one-world government with its own independent armed forces. (Some Communist leaders believe the world can be taken over as easily by the U.N. as by Moscow. Sometimes these two centers compete with each other as
they are now doing in the Congo.)

12. Resist any attempt to outlaw the Communist Party.

13. Do away with all loyalty oaths.

14. Continue giving Russia access to the U.S. Patent Office.

15. Capture one or both of the political parties in the United States.

16. Use technical decisions of the courts to weaken basic American institutions by claiming their activities violate civil rights.

17. Get control of the schools. Use them as transmission belts for socialism and current Communist propaganda. Soften the curriculum. Get control of teachers’ associations. Put the party line in textbooks.

18. Gain control of all student newspapers.

19. Use student riots to foment public protests against programs or organizations which are under Communist attack.

20. Infiltrate the press. Get control of book-review assignments, editorial writing, policymaking positions.

21. Gain control of key positions in radio, TV, and motion pictures.

22. Continue discrediting American culture by degrading all forms of artistic expression. An American Communist cell was told to “eliminate all good sculpture from parks and buildings, substitute shapeless, awkward and meaningless forms.”

23. Control art critics and directors of art museums. “Our plan is to promote ugliness, repulsive, meaningless art.”

24. Eliminate all laws governing obscenity by calling them “censorship” and a violation of free speech and free press.

25. Break down cultural standards of morality by promoting pornography and obscenity in books, magazines, motion pictures, radio, and TV.

26. Present homosexuality, degeneracy and promiscuity as “normal, natural, healthy.”

27. Infiltrate the churches and replace revealed religion with “social” religion. Discredit the Bible and emphasize the need for intellectual maturity which does not need a “religious crutch.”

28. Eliminate prayer or any phase of religious expression in the schools on the ground that it violates the principle of “separation of church and state.”

29. Discredit the American Constitution by calling it inadequate, old-fashioned, out of step with modern needs, a hindrance to cooperation between nations on a worldwide basis.

30. Discredit the American Founding Fathers. Present them as selfish aristocrats who had no concern for the “common man.”

31. Belittle all forms of American culture and discourage the teaching of American history on the ground that it was only a minor part of the “big picture.” Give more emphasis to Russian history since the Communists took over.

32. Support any socialist movement to give centralized control over any part of the culture–education, social agencies, welfare programs, mental health clinics, etc.

33. Eliminate all laws or procedures which interfere with the operation of the Communist apparatus.

34. Eliminate the House Committee on Un-American Activities.

35. Discredit and eventually dismantle the FBI.

36. Infiltrate and gain control of more unions.

37. Infiltrate and gain control of big business.

38. Transfer some of the powers of arrest from the police to social agencies. Treat all behavioral problems as psychiatric disorders which no one but psychiatrists can understand [or treat].

39. Dominate the psychiatric profession and use mental health laws as a means of gaining coercive control over those who oppose Communist goals.

40. Discredit the family as an institution. Encourage promiscuity and easy divorce.

41. Emphasize the need to raise children away from the negative influence of parents. Attribute prejudices, mental blocks and retarding of children to suppressive influence of parents.

42. Create the impression that violence and insurrection are legitimate aspects of the American tradition; that students and special-interest groups should rise up and use [“]united force[“] to solve economic, political or social problems.

43. Overthrow all colonial governments before native populations are ready for self-government.

44. Internationalize the Panama Canal.

45. Repeal the Connally reservation so the United States cannot prevent the World Court.

[Aman A.K.A. Ahamburger]

Some very informative reading here:

-Unfunded Promises
-The Vatican's Latest Anti-Capitalist Report Can't Hide Its Interventionist Slant
-A New Global Debt Crisis Has Begun(*It has the very real possibility of breaking down before Europe, and this article outlines why; nothing is ever certain)
-Economics Is Not Rocket Science — It's Even More Complicated(*Which makes all the armchair economics since President Trump was elected)

[Aman A.K.A. Ahamburger]

With a chicken in every pot at home; world debt to GDP gives us a debt jubilee! Stay

India. The Biggest Risk In Emerging Markets?

Don’t blame the Fed or Trump. That is just noise. The problem of emerging markets is largely self-inflicted and comes after years of raising imbalances, both at a trade and fiscal level, based on impossible expectations of growth and demand.

The Federal Reserve has warned for two years about rising rates and policy normalization. Yet governments ignored this and continued to increase imbalances as well as rising debt in US dollars.

[Aman A.K.A. Ahamburger]

Long suspected, close to validated in post #203, now confirmed; as JFK said:

For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence--on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.

Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed. It conducts the Cold War, in short, with a war-time discipline no democracy would ever hope or wish to match.

Nevertheless, every democracy recognizes the necessary restraints of national security--and the question remains whether those restraints need to be more strictly observed if we are to oppose this kind of attack as well as outright invasion.

For the facts of the matter are that this nation's foes have openly boasted of acquiring through our newspapers information they would otherwise hire agents to acquire through theft, bribery or espionage; that details of this nation's covert preparations to counter the enemy's covert operations have been available to every newspaper reader, friend and foe alike; that the size, the strength, the location and the nature of our forces and weapons, and our plans and strategy for their use, have all been pinpointed in the press and other news media to a degree sufficient to satisfy any foreign power; and that, in at least in one case, the publication of details concerning a secret mechanism whereby satellites were followed required its alteration at the expense of considerable time and money.

Islamic/Socalist propeganda has bent, but not broke us. I find it very interesting to see who has the biggest problem with how this snap back is happening.

-Sting video of left-wing DOJ staffer bragging about misuse of govt. resources sparks investigation
-Three New Deals: Why the Nazis and Fascists Loved FDR
-Capitalism Makes Us More Humane

[Aman A.K.A. Ahamburger]

While Socalist policies have essentially made bonds NPL, I would disagree stocks are "fundamentally cheap." However, it's all about equity!!

With a chicken in every pot at home; world debt to GDP gives us a debt jubilee! Stay

‘Bonds are the bubble, not stocks,’ says billionaire investor Cooperman

[Aman A.K.A. Ahamburger]

and the question is how bad is it if the SEC has started addressing the issue? SEC Commissioner Warns: A Retirement Crisis 'Tsunami' Is Approaching

[Aman A.K.A. Ahamburger]

This pretty much sums it up. Socalist/Islamic propeganda has been pushed everywhere, and due to the unnatural nature of the system it's broke; literally and figuratively. Ran out of other ppls money and now: Brazil, right, Germany, further right and Merkel quits (things are going poorly for Islam), Quebec, right... etc.. Why Marxism Shifted from Economics to Culture