Lots of changes happening in the UK - oscillations getting more perturbed often indicates a big change on the way - could be the "death spiral" or could be a whole new level of consciousness?
Well, I reckon time will tell - in 2023 I advise determination with one's principles - resolutely rebuff and rebuke those trying to sway you from what you know in your heart from a principled standpoint......and being I've posted here before I feel I have standing to make this rambling statement - plus, 2023 the year of it - tis young.
I think it is going to be better for the peasants amongst whom I consider myself a proud one.
Proud to be a peasant and glad I don't live in the UK as my kin did from before.....we got away from that place of contradiction, yet we have the same lies here as you have there nowadays....tis all a shame and it must come to an end soon I reckon.
Thanks Ken, and yes I do believe we are indeed coming to some form of climax. I can feel it in the cosmos - as you say the perturbations are building for those who recognise we are in a spiritual war as the western world confronts Eastasia - 1 Bn people versus 7 Bn - I know where my bet is! I don't think the Atlantic Alliance will go quietly:
Here's my quick take on the housing market in the US- it will become extreme on both ends.
If you live in a "desirable" area you will be able to sell your house at above market value as stock is being depleted and demand contiunes to rise. See: Florida.
If you do not you are going to have a hard time selling your house even at market value as the pool of incoming people falls and the number of upwardly mobile decreases. See: California
Certainly no expert but that is how it seems to be shaping up now.
I'm the author of the piece at Off Guardian about Repo markets, Covid and financial collapse etc.
To be clear I've never been in the Repo business so perhaps that was a different Allen?
In any case doesn't matter as the Repo apocalypse has been an "open secret" to anyone paying attention since 2019.
Where my primary strength lies is in understanding the way health management systems have been turned into the money spinners we see today; understanding the history of the political, global, philanthropic insitutions involved and the way they are intertwined; understanding how pandemics have been turned into massive investment opportunities for global financiers and so forth- and the ability to tie it all together and write about it in a clear and accessible manner I suppose.
But no, I've never been directly involved in Repo markets or any other facet of the finance industry.
Happy New Year Allen and thank you for clarifying. My background is in corporate systems having trained with Xerox in the 1970s and branched out as a freelance consultant for the rest of my career. My focus is the global financial system, its failure in the coming years, and transition to a new paradigm yet to be resolved.
The Banksters will stay in charge as long as they can - it might even become kinetic. My projection is that it will either be a beautiful new world order or a dystopian slave market in which case decentralisation and local economies will be the option for me. Time will tell. Good to have met you and given your focus you may find following my good doctor friend Gerry who writes at: http://boomfinanceandeconomics.com/#/ and his Covid Medical News site here: https://cmnnews.org/
Seeing the various viewpoints suggests an uncertain future. Imagining what Canada has done, and continues to do troubles me. Hopefully that insanity towards totalitarianism isn't popular elsewhere. They seem the closest to CBDC than anywhere.
My forecast sees the US Fed continuing slowly until inflation arrives at 4-5% at which point they hold. The economic damage will continue with housing slowly recovering as people simply accept a 7-9% mortgage to gain shelter. We will see that wage spiral attempt to start but many businesses will be in process of failing, others won't survive. Inflation at that level means a slow devaluation as a means to amortize the huge debt service overhang that governments must deal with at the expense of transfer payments. There will be unpopular revisions to public transfer expenses, time of war you know. In essence, stagflation containing toward the US '24 election. Both in the UK and US government incompetence is rampant but will the people demand change? Are the systems rigged to prevent that? A very large number of people will be hurt - those in the middle mainly. They aren't skilled enough for the better jobs that will be needed but are too well educated to accept mundane service work, at least for a time.
Excellent projections HH thank you - I wish I had your crystal ball! It it all looks so bloody obvious doesn't it? I too am distressed to see Canada fall into a dystopian 2023 - but not surprising because over 50% of the law-makers have been captured by the WEF and UK is well on the way too. The people have to throw them out somehow - it will come eventually - but what is the alternative - they are all as bad and corrupted.
The Fourth Turning often ends in violent revolution if history repeats and there's no reason why it shouldn't because, when the people have been robbed of all their wealth and means to live, they lose it: "French citizens radically altered their political landscape, uprooting centuries-old institutions such as the monarchy and the feudal system." https://www.history.com/topics/france/french-revolution
All the conditions are in place and this is why the elites are running scared hoping to clamp down enough to douse the smouldering heap. 2023 is the next stage when we will find out how far it will go before the fire actually ignites.
Not so much a fine crystal ball, just a hope perhaps. I just don't see any way out of the debt buildup nearly everywhere but to inflate away to devalue the currency. The US 2%, I believe, was drawn from a history of revenues being ~ 2% below outlays since early times. Regardless of tax rates, the revenues still were stuck around 20% of GDP and outlays at 22%. Just not sure when the transfer payment part of outlays really became the major budget factor. Before the increases in transfer payments, the US could afford to build the Interstate Highway system and take a moon walk. The interstate was really a military item and the moon was more for propaganda; each delivered much more in return. Of course, Mr Obama was hit by the boomer time bomb along with a bad financial recession. Since then the numbers are quite bad and with ~ $500B debt service, issues arrive.
Don't know much about the UK budget. Much the same?
Worse,HH £100Bn short this year and rising. As we don't have the benefit of a reserve currency all we can do is attract FDI due to our lax foreign tax laws and 14 tax havens all run by the City of London for the benefit of the 1%. The rest of us will eventually starve or die of hyperthermia.
LOL - you are lovely, and thank you for your good wishes PC - only a true mate could say that! I do indeed suffer the desire to go south - it's been with me all my life and because I travelled often during my career, my urge was slated to some extent- - But I enjoyed every moment.
Then when I (semi) retired in 1995 - I eventually made it Cape Town and had 10 years of fun and games until the good Lord called me back to UK to complete my mission (unknown) which I chose to accept. I will certainly do as you suggest according to His time and I will know when.
Does it make any difference where you are? The international collectivists seem to have taken over almost everywhere. You WILL be jabbed. You WILL buy an electric car. You WILL obey!!!
Inflation seems to be falling in the USA, and likely peaked in November or December. That said, that may mean that instead of stagflation, we are "merely" headed for a recession or depression.
Lots of changes happening in the UK - oscillations getting more perturbed often indicates a big change on the way - could be the "death spiral" or could be a whole new level of consciousness?
Well, I reckon time will tell - in 2023 I advise determination with one's principles - resolutely rebuff and rebuke those trying to sway you from what you know in your heart from a principled standpoint......and being I've posted here before I feel I have standing to make this rambling statement - plus, 2023 the year of it - tis young.
I think it is going to be better for the peasants amongst whom I consider myself a proud one.
Proud to be a peasant and glad I don't live in the UK as my kin did from before.....we got away from that place of contradiction, yet we have the same lies here as you have there nowadays....tis all a shame and it must come to an end soon I reckon.
BK
Thanks Ken, and yes I do believe we are indeed coming to some form of climax. I can feel it in the cosmos - as you say the perturbations are building for those who recognise we are in a spiritual war as the western world confronts Eastasia - 1 Bn people versus 7 Bn - I know where my bet is! I don't think the Atlantic Alliance will go quietly:
https://www.zerohedge.com/geopolitical/high-cost-blowing-world-ukraine-2023-ndaa
Here's my quick take on the housing market in the US- it will become extreme on both ends.
If you live in a "desirable" area you will be able to sell your house at above market value as stock is being depleted and demand contiunes to rise. See: Florida.
If you do not you are going to have a hard time selling your house even at market value as the pool of incoming people falls and the number of upwardly mobile decreases. See: California
Certainly no expert but that is how it seems to be shaping up now.
Thanks Allen - good assessment - Mish agrees.
Hi Peter,
I'm the author of the piece at Off Guardian about Repo markets, Covid and financial collapse etc.
To be clear I've never been in the Repo business so perhaps that was a different Allen?
In any case doesn't matter as the Repo apocalypse has been an "open secret" to anyone paying attention since 2019.
Where my primary strength lies is in understanding the way health management systems have been turned into the money spinners we see today; understanding the history of the political, global, philanthropic insitutions involved and the way they are intertwined; understanding how pandemics have been turned into massive investment opportunities for global financiers and so forth- and the ability to tie it all together and write about it in a clear and accessible manner I suppose.
But no, I've never been directly involved in Repo markets or any other facet of the finance industry.
Happy New Year Allen and thank you for clarifying. My background is in corporate systems having trained with Xerox in the 1970s and branched out as a freelance consultant for the rest of my career. My focus is the global financial system, its failure in the coming years, and transition to a new paradigm yet to be resolved.
The Banksters will stay in charge as long as they can - it might even become kinetic. My projection is that it will either be a beautiful new world order or a dystopian slave market in which case decentralisation and local economies will be the option for me. Time will tell. Good to have met you and given your focus you may find following my good doctor friend Gerry who writes at: http://boomfinanceandeconomics.com/#/ and his Covid Medical News site here: https://cmnnews.org/
Seeing the various viewpoints suggests an uncertain future. Imagining what Canada has done, and continues to do troubles me. Hopefully that insanity towards totalitarianism isn't popular elsewhere. They seem the closest to CBDC than anywhere.
My forecast sees the US Fed continuing slowly until inflation arrives at 4-5% at which point they hold. The economic damage will continue with housing slowly recovering as people simply accept a 7-9% mortgage to gain shelter. We will see that wage spiral attempt to start but many businesses will be in process of failing, others won't survive. Inflation at that level means a slow devaluation as a means to amortize the huge debt service overhang that governments must deal with at the expense of transfer payments. There will be unpopular revisions to public transfer expenses, time of war you know. In essence, stagflation containing toward the US '24 election. Both in the UK and US government incompetence is rampant but will the people demand change? Are the systems rigged to prevent that? A very large number of people will be hurt - those in the middle mainly. They aren't skilled enough for the better jobs that will be needed but are too well educated to accept mundane service work, at least for a time.
Excellent projections HH thank you - I wish I had your crystal ball! It it all looks so bloody obvious doesn't it? I too am distressed to see Canada fall into a dystopian 2023 - but not surprising because over 50% of the law-makers have been captured by the WEF and UK is well on the way too. The people have to throw them out somehow - it will come eventually - but what is the alternative - they are all as bad and corrupted.
The Fourth Turning often ends in violent revolution if history repeats and there's no reason why it shouldn't because, when the people have been robbed of all their wealth and means to live, they lose it: "French citizens radically altered their political landscape, uprooting centuries-old institutions such as the monarchy and the feudal system." https://www.history.com/topics/france/french-revolution
All the conditions are in place and this is why the elites are running scared hoping to clamp down enough to douse the smouldering heap. 2023 is the next stage when we will find out how far it will go before the fire actually ignites.
Not so much a fine crystal ball, just a hope perhaps. I just don't see any way out of the debt buildup nearly everywhere but to inflate away to devalue the currency. The US 2%, I believe, was drawn from a history of revenues being ~ 2% below outlays since early times. Regardless of tax rates, the revenues still were stuck around 20% of GDP and outlays at 22%. Just not sure when the transfer payment part of outlays really became the major budget factor. Before the increases in transfer payments, the US could afford to build the Interstate Highway system and take a moon walk. The interstate was really a military item and the moon was more for propaganda; each delivered much more in return. Of course, Mr Obama was hit by the boomer time bomb along with a bad financial recession. Since then the numbers are quite bad and with ~ $500B debt service, issues arrive.
Don't know much about the UK budget. Much the same?
Worse,HH £100Bn short this year and rising. As we don't have the benefit of a reserve currency all we can do is attract FDI due to our lax foreign tax laws and 14 tax havens all run by the City of London for the benefit of the 1%. The rest of us will eventually starve or die of hyperthermia.
Looking forward to your continued posts into 2023.
One thing I don't get about you P & S is how do you fight the urge to not just leave the UK everyday?
I don't mean this in the "fuck off" way (obviously) but in the "go enjoy your self mate you deserve it way).
LOL - you are lovely, and thank you for your good wishes PC - only a true mate could say that! I do indeed suffer the desire to go south - it's been with me all my life and because I travelled often during my career, my urge was slated to some extent- - But I enjoyed every moment.
Then when I (semi) retired in 1995 - I eventually made it Cape Town and had 10 years of fun and games until the good Lord called me back to UK to complete my mission (unknown) which I chose to accept. I will certainly do as you suggest according to His time and I will know when.
Happy New Year to you and yours - Blessings - AP.
Does it make any difference where you are? The international collectivists seem to have taken over almost everywhere. You WILL be jabbed. You WILL buy an electric car. You WILL obey!!!
May I recommend Belize Greg? I have researched this tiny ex-British colony (pop 400k) which never locked down and Covid passed it by!
https://marinas.com/view/marina/d9c37n_Belize_Yacht_Club_Marina__Ambergris_Caye_Belize_Belize
This is my Plan 'B' location in extremis and my yacht will fit nicely!
https://internationalliving.com/sailing-in-caribbean-belize/
Inflation seems to be falling in the USA, and likely peaked in November or December. That said, that may mean that instead of stagflation, we are "merely" headed for a recession or depression.