Why The Western Democracies Are Failing


For too long the democratic nations of the world, which are mostly in North America and Europe, with some outposts such as Autralia, have followed the lead of The United States of America both economically and socially. And the USA has been leading us to disaster for fifty years.

Forget this week’s utter fiasco of Brett Kavanaugh’s appointment to the upreme court, and the utterly pathetic attempt by the Democrats to prevent President Tump’s nominee’s conformation. It doesn’t matter whether Brett Kavanaugh becomes a justice of the Supreme Court or not; one more Deep State lackey will change nothing.

For years, the Courts and elected assemblies of has looked the other way as the banking cartel colaborated with central banks and global corporations to rob one class of citizen (ordinary, working people) and reward another (the elite).

As a result, the American economic empire faces a catastrophic crisis as wealth concentrates in fewer hands, and the debts of the have nots (both nations and individuals, become overwhelming. The resurgence of nationalism in Europe is one symptom, the increasing number of regional conflicts and rising tensions between the western democracies and the non – democratic eastern bloc, is another. And the upsuge in Islamic fundamentalism is the third and probably the most dangerous. All this is being played out to the accompaniment of internal schisms, social breakdowns, and dangerous political scuffles.

Why, you might well ask.

If you work by the hour, the boss can buy your time. That’s what it really means to say someone is “rich” – he has more time because he can control not only his own, but yours, too.

Somebody who had $1,000 worth of stocks in 1971 could buy approximately 250 of the average working man’s hours. Today, that $1,000 worth of stocks is worth about $28,000… which, at today’s $26-per-hour average, will buy 1,077 hours of the typical working man’s time – four times as much as in 1971.

In other words, compared to the wage earner, the capitalist is four times as rich.

Invert it, and you see about the same thing. A working man would have had to labor for 212 hours to buy the 30 Dow stocks in 1971. Today, his time is much less valuable; he has to sweat for over 1,100 hours to buy the Dow.

It is this hollowing out of the middle class (not the middle class in the British sense, where the class system is much more complicated,) that is behind the chaos in the democratic world. The group in the middle is getting smaller, the’poor’ are growing exponentially in number and the rich are getting richer and more out of touch with the realities other classes face. It cannot end well.

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A Profound Danger To The Dollar’s Reserve Status?

This blog and our larger sibling The Daly Stirrer have since 2012 been following moves in the international community, led by Russia and China to replace the US dollar as the global reserve currency, a status that has prevailed since 1974 when the USA concluded an agreement with Saudi Arabia, then totally dominant as the world’s largest oil producer, that all oil trades would be carried out in dollars – this was the birth of the petrodollar.

This agreement has since then given the USA a huge advantage over its trading partners, but the balance of power in the world has shifted with the break up of the Soviet Union, the liberalisation of China and the emergence of China as an economic power and of Russia as a major supplier of oil and gas.

You can follow the whole currency wars sage at our omnibus page, Currency Wars, and, while The Daily Stirrer is on a break, check out the latest development in the currency wars at Zero Hedge

America Takes A Step Closer To Becoming A Cashless Society

cashless
Piture: The Guardian

If you order a beer at a Flatstick pub in Seattle, Washington, don’t try to pay with $10 bill — you’ll walk away thirsty. It’s not that the US state of Washington has started charging Scandinavian prices for booze, but that Flatstick, a hot new mini-chain in the Pacific Northwest, does not accept cash. Neither does Bluestone Lane, an east coast coffee chain with locations in New York, Philly and D.C. Patrons there have to pay with plastic or an app called LevelUp.

Cashless commerce is popping up around the country, particularly in restaurants catering to a younger crowd, the kind of university brainwashed millenials who think its cool to make life easy for rip off merchants by relying on contactless cards or smart phone apps to pay. It seems millenials are more likely to leave home without any greenbacks, or even a wallet, and instead choose to live life with a smartphone and a few credit or debit cards attached. Or perhaps due to the abject failure of the education system these dorks haven’t mastered the basic arithmetic needed to use csh transactions.

Businesses who’ve gone cashless rave about the results. Flatstick owner Sam Largent told me plastic-only reduces error rates during times of complex accounting, such as calculating tips when shifts change. I’m not sure why customers should care about that but then in Europe your waiter is not likely to shoot you for tipping too little.

The value of cash transactions sank 7% from 2010 to 2015, according to The Nilson Report, while credit and debit card payments increased by nearly 50%. Meanwhile, ATMs, which had their 50th birthday last year, are disappearing around around the world, signaling the decline of the “cash run.”

Cash-free environments aren’t brand new. Political establishments have been pushing the idea of cashless lives for decades, the better to keeep tabs on the spending habits of individuals. Airlines went cashless a long time ago (for meals and other onboard purchases), and many other businesses are only taking automated payments (it gives them an excuse to fire another human being.) And with the meteoric rise of friend-to-friend payment apps like Venmo, Zelle and Splitwise, we’re no longer throwing $20 bills on the table after a meal (or handing over cash or checks to roommates for the gas bill).

But cash is a long away from dead, and as usual we find governments and mainstream media are deploying fake news to advance their agenda. The US Federal Reserve said in 2016 that 35% of U.S. transactions were still made in cash although 42% of UK transactions are still in cash. Numbers for other European countries, with the Scandinavian countries leading the race to dystopia while the nations of southern and eastern Europe cling to their banknotes.. And the amount of cash being used around the world continues to rise. Plus, there are still many of obstacles to going cashless.

For starters, the estimates suggest that around 7% of the populations of developed nations still do not use banking facilities. In other words, they live an all-cash life, so would be entirely shut out in a cashless society. Some also like the anonymity that comes with paying cash. Others use cash for budgeting reasons (when you’re out of cash, you stop spending – simples).

Still, on a global scale, eliminating cash offers some intriguing possibilities. Merely the elimination of large denomination banknotes, which the EU has done, makes life much harder for large-enterprise criminals, like drug dealers according to technocrats. OK, it’s far more conspicuous to carry around large piles of small bills, but wire transfers between banks in Switzerland and The Cayman Islands present no problems. And if you connect through a VPN the transaction is untraceable. People who claim that if all financial transactions were electronic, hiding crime would become much more difficult are takling bollocks. They either have little understanding of how the internet works (or how much of it is invisible to the World Wide Web,) or they are on the side of the big league criminals and corporate pirates.

Negative Interest Rates & The War On Cash, Part 3: “Beware The Promoters”
Bitcoin and other electronic platforms have paved the way psychologically for a shift away from cash, although they have done so by emphasising decentralisation and anonymity rather than the much greater central control which would be inherent in a mainstream electronic currency. Despite the loss of privacy, electronic currency is much favoured by techno-optimists, but not so much by those concerned about the risks of absolute structural dependency on technological complexity.

India’s Cashless Society set to fail but slide to fascism goes on
On 17th July 2017, India will elect a new President through a vote of the elected representatives. The contenders are Ram Nath Kovind and Meira Kumar. Few people outside his own family know who Kovind is and voters are only vaguely aware of Ms. Kumar. India will get a complete nobody as its next President. …

A cashless society would hurt the poor
We have reported on the push, led by globalist politicians and supranational bureaucracies such as the United Nations and the European Union to abolish cash throughout the world and move all business activity to digital media. The issues for personal privacy and liberty are well documented, but the real losers will be the poor.

War On Cash Gathers Momentum – Germany Unveils Cash Controls
On Monday (1 February, 2016) just two days ago, Bloomberg called on the central banks of the world to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.”
We can imagine it would be quite easy to harm someone by firing large coins at them from a gun and terrorists could probably stuff an improvised explosive device with small coins rather than nails or nuts and bolts. And if …

Norway’s Biggest Bank Joins Push To Abolish Cash
The move by governments to eliminate cash as a means of trading goods and services is moving faster than we imagined. With another global financial crisis looming according to financial journalists and investment experts this is as understandable as it is undesirable for us ordinary punters.

The Financial Times Calls for Ending Cash, Calls it a “Barbarous Relic”
Earlier this week, as the financial world was in turmoil following a rapid crash and recovery in financial markets. While we the punters shook our heads and wondered how the banksters get away with this kind of shit, The Financial Times published a dastardly little piece of fascist New World Order propaganda.

New Global Crisis Imminent, New Geneva Report Warns
The Geneva Report refers to a “poisonous combination of high and rising global debt and slowing nominal GDP [gross domestic product], driven by both slowing real growth and falling inflation”. The total burden of world debt, private and public, has risen from 160 per cent of national income in 2001 to almost 200 per cent after the crisis struck in 2009 and 215 per cent in 2013. “Contrary to widely held beliefs, the world has not yet begun to delever and the global debt to GDP ratio is still growing, breaking new highs,” the report said.

Cashless Society – The Resistance Begins Here
A seaside market town in Norfolk may be less than 100 miles from the world’s financial capital, London, , it may be the commercial centre of West Norfolk’ as the town website boasts, it may be home to 45,000 people — but there, unlike in London, cash is king.

Establishment Pushing ‘Cashless Society’ to Control Humanity
The global establishment is increasingly pushing the notion of what it calls a “cashless society” — a world in which all payments and transactions would be conducted electronically, creating a permanent record for governments to inspect and track at will.Multiple governments from Africa and Asia to Europe and …

War On Cash Gathers Momentum – Germany Unveils Cash Controls
On Monday (1 February, 2016) just two days ago, Bloomberg called on the central banks of the world to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.”
We can imagine it would be quite easy to harm someone by firing large coins at them from a gun and terrorists could probably stuff an improvised explosive device with small coins rather than nails or nuts and bolts. And if …

War On Cash – A Country By Country Guide
More on the global war on cash being waged by ruling elites in parallel with their war on privacy as they try to exert total control over everything.

Norway’s Biggest Bank Joins Push To Abolish Cash
The move by governments to eliminate cash as a means of trading goods and services is moving faster than we imagined. With another global financial crisis looming according to financial journalists and investment experts this is as understandable as it is undesirable for us ordinary punters.

War On Cash: Pin Numbers will be obsolete within five years, we will pay with mobile or fingerprints instead.

The War On Cash gathers more momentum as political, business and academic elite attempt to advance and agenda that will destroy individual freedom and privacy and give them total control of our lives and finances via technology.

Sweden’s Rebels Against Cashless Society Push: “We Have No Weapon Fight Back…If Putin Invades”
This omnibus page is about documenting the global elite’s “War On Cash” (yes that is a bit over dramatic and click – baity, but we have to compete for attention,) which is not about making life better for the masses as we are told it is, but about enabling government agencies to increase their ability …

Being Evil? Just Another Day At The Office For Google Boss
Amazon’s Human Robots: More and more people are finding themselves dehumanised in the modern workplace
Washington Signals Fears Over Dollar
Globalist Bankers Make Plans To Rob Your Bank Account
Slaves To The Machine
Holy City (slam poem)
Living Within The Conspiracy
New World Order
Internet Technology
Science and Technology
London transport bans cash

Russia Says Time Has Come To Ditch The Dollar

Saturday 25 August

Picture: https://woodgatesview.files.wordpress.com/

As the US State Department unveiled the latest round of sanctions on Russia yesterday,  while the trade war with China that has seen tariffs imposed on a wide range of Chinese goods shows no sign of easing, Moscow signalled its intention to respond to this latest attack on its economy. In particular, the Russian government announced it is accelerating efforts to abandon the American currency in trade transactions, according to Russia’s Deputy Foreign Minister Sergei Ryabkov.

The time has come when we need to go from words to actions, and get rid of the dollar as a means of mutual settlements, and look for other alternatives,” he said in an interview with International Affairs magazine, he told RT.

“Thank God, this is happening, and we will speed up this work,” Ryabkov said, explaining the move would come in addition to other “retaliatory measures” as a response to a growing list of US sanctions. It is time mainstream media in the west started reporting accurately what is going on. The official position of the US is that their sanctions are in retaliation for various Russian acts such as meddling in the US election process, but in reality the USA is trying to protect its position as issuers of the reserve currency, while Russia, China and a number of emerging economies resent the way the US uses the reserve currency to dictate matters in global trade.

Previously, Russian Energy Minister Aleksandr Novak has said that a growing number of countries are interested in replacing the dollar as a medium in global oil trades and other transactions.

“There is a common understanding that we need to move towards the use of national currencies in our settlements. There is a need for this, as well as the wish of the parties,” Novak said.

According to the minister, it concerns both Turkey and Iran, with more countries likely to join the growing dedollarization wave.

Our reporting of this long running news thread tends to confirm his view.

“We are considering an option of payment in national currencies with them. This requires certain adjustments in the financial, economic, and banking sectors,” he said. Last week, we reported that the Kremlin was interested in trading with Ankara using the Russian ruble and the Turkish lira. India has also vowed to pay for Iranian oil in rupees. Some economists argue that modern technology removes the need for a reserve, the speed with which computer systems handle currency trades and conversions eliminated administrative bottlenecks.

Meanwhile, the world’s rapidly growing second-largest economy and Washington’s trade nemesis, China, has been taking steps to challenge the greenback’s dominance with the launch of an oil futures contract backed by Chinese currency, the petro-yuan. This is fully reported elsewhere in this page. China and Iran have already agreed to stop using the dollar in global trade as China has ramped up purchases of Iranian oil in defiance of US sanctions. India, Pakistan, the EU, Australia and Japan are also known to have made petr-yuan contracts.

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In a move that went almost completely unreported in mainstream media, Russia has recently opened a market for the trading of physical and ‘paper’ oil (futures) in Moscow in Roubles. This is the most blatant challenge yet to the domination of the US dollar in world trade.

WMD in Mayfair

Recalling yesterday’s Machiavelli Blog which commented on events surrounding the unfortunate death of the alleged former Russian agent Alexander Litvinenko, it seems the murder investigation has now found evidence of many caches (well OK, traces) of radio active toxins in various fashionable establishments in London’s West End frequented by former Russian intelligence agents.

China launches global yuan payment system
China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar’s dominance.

Refugee Crisis Or Existential Battle With USA for Europe

It has been clear for some years now that the USA, backed by its main NATO and EU military allies the UK and France (the FUKUS axis has been trying to provoke Russian into firing the shot that will be heard around the world and recognised as the startiung signal for World War Three.
Nothing is ever as it seems to be however, and views from middle east and far eastern journals suggest the USA is also working at destabilizing EU nations in order to force their support in its wars.

EU and US talk of war with Russia

The European People’s Party (EPP) is the largest political group in the European Parliament, and they are unerringly supportive of America’s efforts to start a war with Russia. “The time of talk and persuasion with Russia is over,” MEP and Vice-President of the EPP told a meeting on Tuesday, 21 April, “Now it’s time for a tough policy, and concentration on defence and security …”

The Mediterranean Boat People Crisis – How Does Europe Deal With The Mediterranean Migrant Crisis

The numbers of migrants trying to cross from the Libya on the coast of north Africa to one of the EU’s southern nations is increasing. Europe’s impoverished southern nations can’t cope. And in the better off nations of northern Europe immigration is a toxic issue which is fuelling the rise of anti EU parties from France to Finnland in the north and Hungary in the east. What can be done?

This Is Why The US Just Lost Its Superpower Status According To Larry Summers

As more and more countries flock to join the Chinese led Asian Infrastructure Investment Bank after Britain, France Australia, India and other traditional US allies defied Washington to associate themselves with China’s initiative, conservative economic pundit Larry Summers once a contender for the chairmanship of the Federal Reserve delivered a sharp rebuke …

The True Debt Disaster America Faces – Only A Fraction Of Government Debt Is Known To The Public

Politicians and the media talk about the $17 trillion debt the US Government owes to creditors. They are lying, the $17 trillion is a fraction of what america owes. The real figure is $200 trillon. And Obama’s loonytoons economics are driving that up at an accelerating rate.

U.S. versus Russia War: Top Russian Politics Scolar Stephen Cohen Tells The Truth

We have been blogging for four years about the US drive for war, provocation of Russia in Syria, Iraq, Ukraine and elsewhere made it obvious. But I’m just a news junkie with a strong sense of curiosity and have wondered why the US seems set on this course. Good to see experts like Stephen Cohen, a prominent expert on, Russia are coming onside.

Does It matter If The Dollar Is Replaced?

“Without delving too deeply into Austrian economic and capital theory, just let me point out that money printing disrupts the structure of production by fraudulently changing the “price discovery process” of capitalism. Capital is allocated to projects that will never be profitably completed. Bubbles get created and collapse and businesses are suddenly damaged en mass, thus, destroying wealth. (Zero Hedge)”

What the BRICS plus Germany are really up to in the Currency Wars?

The move led by Russia and China to dump the Petrodollar has escalated into a currency war, not the kind of war we associate Obama with but give him time. Some wars as in Ukraine, by proxy are not going so well. Others, like the one against Islamic State aka ISIS aka ISIL in the middle east are going worse. Disintegration of The American Economic Empire is manifesting itself in moves by wannabe global players towards creating a multipolar world …

 

Dedollarisation contagion: Germany Calls For Global Payment System Independent Of US

In what can only been seen as a vote of “no confidence” in the US dollar as global reserve currency, which effectively gives the US a  monopoly over global trade settlements infrastructure, Germans foreign minister Heiko Maas yesterday called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal between Iran and the west.

Maas may have stopped short of openly supporting the Russia / China bid to replace the US dollar, but and independent European settlements system would have to exclude the dollar in trades between European nations and the BRICS bloc.

The German daily Handelsblatt reported that Maas said “Europe should not allow the US to act over our heads and at our expense. For that reason it’s essential that we strengthen European autonomy by establishing payment channels that are independent of the US, creating a European Monetary Fund and building up an independent Swift system,” he wrote, cited by the FT.

Maas who has made clear his opposition to the US use of sanctions to maintain its stranglehold on world trade, said it was vital for Europe to stick with the Iran deal. “Every day the agreement continues to exist is better than the highly explosive crisis that otherwise threatens the Middle East,” he said. The unspoken subtext was clear: Europe is no longer willing to be a vassal state to US monopoly over global payments, and will now aggressively develop its own payments network that is not subservient to Washington’s every whim.


German foreign minister Heiko Maas (Picture: Zero Hedge )

Belgium basedSwift, global payment network owned by a consortium of banks, enables financial institutions worldwide to send and receive information about financial transactions. Swift is supposedly politically neutral and independent but it has been used to block transactions and enforce US sanctions against various countries, most notably Iran.

In 2012, the Danish newspaper Berlingske wrote that US authorities seized money being transferred from a Danish businessman to a German bank via the system for a batch of US-sanctioned Cuban cigars. The transaction was made in US dollars, which allowed Washington to block it although the USA has no legal or moral right to stop sovereign nations trading with any country they want to.

Thorsten Benner, director of the Global Public Policy Institute, a Berlin-based think-tank supported Maas’s, saying his intervention was the “strongest call yet for EU financial and monetary autonomy vis-à-vis US.”

The German foreign minister’s words emphasise the dilemma facing European politicians as they struggle to maintain trade relations with Iran while coping with the fallout of US sanctions imposed by the US against companies doing business with Tehran.

As the FT adds, the EU is determined protect European businesses from retaliation by Washington for trading with Iran, but has failed to convince EU companies more concerned about maintaining their access to the lucrative US market than in the more modest opportunities presented by Iran.

Last month Washington rebuffed a high-level European plea to exempt crucial industries from sanctions. Mike Pompeo, US secretary of state, and Steven Mnuchin, Treasury secretary, formally rejected an appeal for carve-outs in finance, energy and healthcare made by ministers from Germany, France, the UK and the EU.

Swift will also be affected. Unless it wins an exemption from sanctions, which is unlikely, it will be required by the US to cut off certain Iranian banks from its network by early November or face possible countermeasures against both its board members and the financial institutions that employ them.

Maas’s stark warning against US domination of global payments comes with relations between Germany and the US in their worst state for decades. Mr Trump has chastised Berlin over its large surplus in bilateral trade with the USA, its relatively low military spending and its support for Nord Stream 2, a new gas pipeline that will bring Russian gas directly to Germany.

In short: Europe has finally had enough and it plans on hitting Washington where it truly hurts: the money.

Elon Musk, Tesla, Sued For Fraud Over Tweets, Going Private Transaction

img_2804

It’s not just Tesla cars that burn easily, Elon Musk’s credibility has gone up in flames too. (Picture source: https://electrek.co/ )

 

On Thursday (9 August), on the back of a dramatic move by Bullshitter – in Chief Elon Musk, who out of the blue Tweeted that he was taking his electric car / solar panels / space exploration company private, Tesla stocks initially spiked thanks to Musk’s claim that “funding was secured” for the massive buyback needed to take the company off the stock market, then slumped when it emerged that there had been no prior discussion with investors or members of the Tesla board. It quickly became clear that Musk had no funds secured and has already maxed out his company’s credit. Then somewhat more sinister rumours emerged anbout Musk’s motives and gossip in financial markets suggested Musk and Tesla may soon be sued by both traders who had taken short and long positions on the company when the dust finally settles.

To be short on a stock, in very simple terms, means traders have made forward contracts to sell at an agreed proce stock they do not own, in the expectation the market price will fall and the stock needed to cover the contract can be bought more cheaply than the contract price. A long position is simply making a forward contract to buy a stock at a fixed price, anticipating that by the contract date the prive will have risen above that, and the stock can be resold for a quick profit.

In news that emerged yesterday first half of this prediction came true when we learned buth short and long sellers of Tesla stock had filed actions against Tesla and Elon Musk alleging the Tesla CEO and anointed Messia of Silicon Valley tech fanboys had fraudulently engineered a scheme to squeeze short-sellers – something Musk has previously indicated he intended to do – through his shock announcement to take the electric car company private.

The lawsuits were filed three days after Musk’s shocking tweet in which he proposed a record $72 billion transaction that valued the company at $420 per share, and that “funding” had been “secured.” One day later, Bloomberg reported that the SEC had inquired from investment banks about whether this funding was indeed “secured”. the alternative would indicate an attempt by the CEO to launch a short squeeze by materially misrepresenting wishful thinking as reality.

Subsequently on Friday, Bloomberg (again) reported that Tesla’s Board of Directors had only begun canvassing investors and banks about funding of an MBO-type transaction, implicitly confirming that Musk may have misrepresented facts, opening up the company to legal action.

In one of the lawsuits, plaintiff Kalman Isaacs said Musk’s tweets were false and misleading, and together with Tesla’s failure to correct or retract them amounted to an “attack” designed to “completely decimate” short-sellers. The lawsuit filed by Isaacs, and a second one filed by William Chamberlain said Musk’s and Tesla’s conduct artificially inflated Tesla’s stock price and violated federal securities laws.

In the confusion following Musk’s tweet a rumour circulated that Musk had secured an agreement with the government of Saudi Arabia to fund the delisting transaction, but the Saudi Royal House quickly denied any interest in such a deal.

 

Lord Rothschild: The New World Order Is At Risk


Baron Jacob Rothschild – concerned banker or Bond villain? (Picture Source:  http://www.myfirstclasslife.com  )

In the RIT Capital Partners 2014 annual report, the head of Rothschild family banking empire warned that “the geopolitical situation is most dangerous since WWII.” A year later, Baron Jacob Rothschild repeated his warning about the outcome of “what is surely the greatest experiment in monetary policy in the history of the world”. In August 2017 with markets still behaving irrationally he cautioned that “share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured.”

Little did he know at the time that, driven by High Frequency Trading, computer algorithms and a quasi religious blind faith in technology they would keep rising, but related to that, he also made another warning which the market has so far ignored:

The period of monetary accommodation may well be coming to an end. Geopolitical problems remain widespread and are proving increasingly difficult to resolve.

In the latest half-year commentary from RIT Capital Partners published yesterday, Lord Rothschild made his sternest warning to date, this time focusing on the global economic system that was established after WWII to create a new world order, and which he believes is now in jeopardy.

The billionaire banker pointed to the US-China trade war, which is really a US versus Russia, China and Iran currency war, and the Eurozone crisis, with the resurgence of nationalism threatening the European Unity project after the UK’s Brexit vote, as the key problems putting economic order at risk, and the lack of a “common approach” – a reference to the gradual unwind of global thinking in the wake of President Trump – that has made “co-operation today much more difficult”:

“In 9/11 and in the 2008 financial crisis, the powers of the world worked together with a common approach. Co-operation today is proving much more difficult. This puts at risk the post-war economic and security order.”

It wasn’t clear if he was referring to the post-war fiat money standard that emerged once FDR devalued the dollar relative to gold, and then fixed a price for the yellow metal, a tenuous link that was subsequently destroyed by Nixon who finally took the US off the gold standard, or the primacy of the dollar which emerged as the world’s reserve currency after the end of WWII, paving the way for the US to bid for global hegemony, but whenever one of the people who profited handsomely from the “post war world order” warns it may be on its last legs, it may be time to worry.

Either way it is hard to believe that Rothschild is a stupid man, although living in an elitist bubble he may be detached from reality, but his comments suggest that he is unaware the great mass of people have woken up to the fact that globalisation can only benefit the elite in the west, while diminishing the educated populations of developed nations in favour of buying the loyalty of uneducated third world multitudes with handouts and cheap gadgets.

With global risks growing after politicians and the banking cartel have kicked the can down the road for several years by printing money, how is Rothschild positioned? He writes that “in the circumstances our policy is to maintain our limited exposure to quoted equities and to enter into new commitments with great caution” and indeed, in the first half, RIT had a net quoted equity exposure of only 47%, historically low. The reason: the iconic banking family is concerned that the 10-year bullish cycle and market rally could finally be ending.

While Rothschild noted that “many of the world’s economies have enjoyed a broad-based acceleration not seen since the aftermath of the financial crisis of 2008, with as many as 120 countries seeing stronger growth last year” he also cautioned that “we continue to believe that this is not an appropriate time to add to risk. Current stock market valuations remain high by historical standards, inflated by years of low interest rates and the policy of quantitative easing which is now coming to an end.”

One potential risk is Europe, where debt levels have reached “potentially destructive levels”.

Quite so, but the growth we have seen since the 2008 crash has not been organic growth but has occurred mainly because interest rates at which governments lend to banks (by selling bonds to fund their deficits,) have been artificially maintained at suicidally low levels. This has enabled banks to borrow at a quarter or a half per cent, and use their borrowings to buy bonds with a fixed rate of three or three and a half per cent (or higher for nations with weaker economies.) These bonds often give a higher yield as it is possible to buy them at a discount.

Globalisation And The Destruction Of Civilisation
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Can Americans Overthrow The Evil That Rules Them?
The anti – establishment, anti – globalisation mood that manifested itself in the Brexit vote is sweeping across Europe, the cosy government – corporate cartel is desperately trying to control the narrative, but against the combined strength of millions of new media commentators all challenging the official; narrative, the dark forces of globalism are on the back foot.

Is Bilderberg A Sinister Group That Runs The World Or Just A Tea Party For Rich And Powerful People
Are the Bilderberg Group meeting, this weekend in Dresden, Germany, really The Shadow Government (the New World Order, The Illuminati,) that rules the world?
The Oligarchy Is Tottering – Trump Tramples The Neocons’ “False Song Of Globalism”
Donald Trump scares the global establishment as do the anti Federalisation parties in the EU. We take a long and detailed look at why, and exactly what the globalist agenda would have meant for freedom and democracy had people not wonken up and opposed it in vast numbers. Kudos to the Islamic Jihad too, medievalist religious nuts they may be, but they resisted American attempt to impose western consumer culture on them.

If You Look At How Fast Global Trade Is Unravelling, You’ll Get Dizzy
Governments constantly make positive noises about the health of their economies although most people who are in work have felt no improvement on the position they were in after the crash of 2008. Wages are stagnant, employment has reduced somewhat (see below) and while the banks are printing money and the super rich are widening the gap between themselves and ordinary people faster than ever, the real situation is frightening.

The New World order Pope Wants You To Pray For One World Religion
The Marxist, globalist, Soros apparatchik currently posing as head of the Catholic faith wants to scrap the Catholic Church. He didn’t say that in so many words but he has called on Catholics to pray for the creation of a world religion (because love and peace) which would embrace


Democracy Murdered In France

I’m hearing very disturbing news from the French regional elections, predicting that the Front National, comfortable winners in last week’s first round of regional elections, hasve been routed in all regions. For that to happen, and to happen through a massive increase in turnout, suggests electoral fraud on a hughe scale. Or has France joined Britain in adopting the Islamic version of democracy, which is one man one vote, one Imam one thousand votes.

Who Runs America, The White House Or The Shadow Government?
Reports of President Barack Obama’s meeting with Russian leader Vladimir Putin at the G20 summit over the weekend do not look right in the context of yet another blitz of provocative rhetoric from The Pentagon and the Department of Defence towards Moscow. In view of the USA’s constant push towards all out war with Russia, one has to ask who is in control: Obama or the generals?

EU “Sounds Alarm” Over New US Sanctions On Russia; Germany Threatens Retaliation
Late on Friday (21/07/17), Congressional negotiators agreed to advance a cross – party bill that would punish Russia for its (alleged) interference in the 2016 election according to the Wall Street Journal. And while it seems improbable that President Trump would sign the bill if it reaches his desk, the loudest complaint about the bill to date has emerged not from the Oval Office, but from US allies in NATO and the European Union …

Trump catches attention of CFR, Bilderberg, Trilateral

Donald Trump is portrayed as a clown by mainstream media and his combover is the silliest I have ever seen. Still, he’s a billionaie so I don’t suppose he gives a flying fuck what The Daily Stirrer thinks of him. Not that we think he is all bad, anyone who attacks Obama’s global naziism trade deals, TTIP and TPP mush have some good points.

Prepare For The Worst Case Scenario
An article on the cashless society our political and corporate overlords are pushing for proposes that as far as privacy and individual liberty are concerned, what is being planned right now in the political capitals and financial centres of the world is the worst case scenarion. An all digital financial system would mean the end of privacy, nothing you bought or traded would be your own business any more …

How Mainstream Media And The Major Political Parties Are Making Sure Voters Do not Hear The Voices Of Politics’ Most Powerful Critics
As the General Election campaign starts to heat up, we try to shift focus away from the squabbling between Conservative and Labour about who can make the most promises they have no intention of keeping and to the real issues concerning jobs, social breakdown , mass immigration, and loss of national sovereignty.

US Presidents Of The Past warned Against Secret, Shadow Government.
By now it should be obvious that peacemake, joybringer and putative aquatic pedestrian Barack Hussein Obama was never really in charge of the US Government. Whatever Obama said would happen, all the American government’s policies ensured the opposit would happen. The embedded article thows some light on how the US government really works

The American Political System Is “Not A Democracy Or Constitutional Republic” – Thiel
The state of democracy in the USA has become a hot topic of conversation in American business circles in recent years. While President Barack Hussein Obama, not so much a man as an ego on long skinny legs, has increasingly been inclined to rule by executive order in the manner of a despot or tyrant, even Obama’s fiercest critics have to admit the American electoral system seems increasingly capable of delivering only political paralysis …

U.S. versus Russia War: Top Russian Politics Scolar Stephen Cohen Tells The Truth
We have been blogging for four years about the US drive for war, provocation of Russia in Syria, Iraq, Ukraine and elsewhere made it obvious. But I’m just a news junkie with a strong sense of curiosity and have wondered why the US seems set on this course. Good to see experts like Stephen Cohen, a prominent expert on, Russia are coming onside.

Another Reason To Get Out Of EU. UKIP MEP Hits Out At Fishing Policy That Penalises British Fishing Crews
As the General Election campaign starts to heat up, we try to shift focus away from the squabbling between Conservative and Labour about who can make the most promises they have no intention of keeping and to the real issues concerning jobs, social breakdown , mass immigration, and an often overlooked area in which our EU membership has perhaps done more damage than any other, the fishing industry.

Multi-Cultural England: Are You Feeling The Progressive Diversity.
As racial and sectarian tension increase on the streets of britain while politicians gear up for the election campaign, we take a look at the state of Britain today, Imigrant child abuse gangs, Clerics of alien faiths dictating moral strictures, and everywhere we look, foreigners being given provieged status. Is it any wonder the voters are angry?

Another Conspiracy Theory Becomes Fact: Oil Collapse Is All About Obama’s Proxy War With Russia.
While we are distracted with sex scandals at home and terrorists rampaging through the middle east and Africa, the US / EU / NATO confrontation with Russia / China / Iran is geting into a very dangerous state. While the Chinese led move to dump the US dollar as global reserve currency is causing economic chaos, the USA attempts to provoke armed conflict with Russia are getting more reckless and desperate.

Seventy Years Down The Line And We Have Come Back To Appeasement As A Means To Peace.
As a spate of increasingly bloody and violent attacks on civilized values and the democratif freedoms of the western nations (free speech for example) continues to cause revulsion among the general population, our spineless leader are calling on us to be tolerant. The cowardly hypocrites who lead us may be ready to surrender, but anger is mounting in the cities and towns.

Another Blow To The US Dollar Reserve Currency Status As Russia Sings Up Turkey, India
The move led by Russian and China to dump the US dollar as global reserve currency continues to gain momentum. Most recent nations to sign bilateral agreements to settle cross border transactions in the currency of the vendor are India and Turkey.

Even The BIS Is Shocked At How Broken Markets Have Become.
If the Bank of International Settlements (BIS) the bank where banks and governments do business is worried about the state of the markets, we are in bigger trouble than anyone is letting on.

Based on info at ZH (reveal)
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