DESPERATE inMADURO NARCOCRACY
The Maburro went uninvited to Russia to ask Czar Putyin for money, but he didn’t even get a nyet, only a co-selfie before going out the back entrance of the event.
For those of us who know something and care about Vzla and the greater Carribean region and Latin America, watching Vzla disinegrate is frustratingly painful. The country is oil rich, but its people is suffering, and the inMaduro narcocracy soon won’t be able to pay creditors!?
THE IMF IS WARNING ABOUT CORPORATE DEBT
This is what I’ve gathered about the subject: Making stuff isn’t very attractive any more in the developed world, because most people have been and still are losing purchasing power in the last decades. Share buybacks and dividend payouts boost the stock price, and shareholders and management with stock options benefit. Borrowing money is dirt cheap, so lots of it gets borrowed and fuels the party. When interest rates rise – they’ve been kept too low for too long by the central banksters – the accumulated debt load bomb will explode.
That won’t happen for the same reason that the BAT ain’t happenin’. The only consolation for folks with ever diminishing income is low prices. When real living costs, rent, health care, etc etc etc, rise, it’s even more important that the little that’s left for discretionary spending can buy as much as possible, ie prices must be low. That can’t happen if messing with NAFTA and BAT destroys industry supply lines and makes imported goods expensive.
So the tough talk is for the base, the same folks who would suffer if any of the crazy stuff should actually happen.
Many of us have nice pensions, but we see that many if not most of the x and y gens can’t look forward to the same. Much of what was gained after WWII has eroded away in the last 4 decades or so. IOW, our almost perfect world is falling apart, and we worry about how future gens will live.
EXITS AND VOLUNTARISM
Brexit and Caluñexit are reactions to centralised power. That’s understandable, but how to deal with it is important. So although exiting for many looks like the only solution, let’s look at this:
Top heavy entities like empires don’t work well, and eventually fail. Their upkeep becomes their downfall. Voluntary cooperation works much better than domination. Every country should be a federation. The stronger regions investing in the weaker ones must be voluntary. The EU could be renamed EA – European Association – and the countries cooperating with people, capital, goods and services keep on moving freely. Each country could have its own currency, and it’s likely that the IMF SDR will replace the USD as intl trade and reserve currency, because the world doesn’t want US domination.
No more USSE and USSA…
USA BECOMING DPRK?
Recently someone said that the USA won’t lose its power as long as its military stays as strong as it is. – But at what price? The US has squandered trillions of $ on wars since WWII, and gained what exactly? Terror and the antagonism of the world!
So the cost of maintaining that military power can be that the people of the USA become dirt poor like those of the DPRK. Many are already suffering from the decline of the middle class, and that tendency is showing no sign of stopping or reversing.
“ELECTIONS” IN VENEZUELA
There’s a discusion about whether to vote or not. I think that both are right. Many will vote against the costituyente assembly, and many will abstain. The same message gets sent, and the “legitimate” base for the inMaduro narcocracy gets eroded. Not that it matters much in the official context, because the final numbers will be made up just like the last time.
1ST VS 2ND
The 2nd Amendment gets a lot more attention than the 1st except when it’s about Orange 45 and fake news. It is of course totally unnecessary to invent anything about the WH disaster which keeps on giving SNL and all the late nighters much more material than they need.
What’s a more real and permanent issue with the MSM is political bias, making a Watergate style investigation just about impossible coming from there. No wonder that there’s a whole new crop of alt-news outlets. Now the the challenge is finding out what’s what and what’s not among them. The good news is that ICT gives all of us the means to compare and find out what makes sense.
There’s no depth. Both amendments get misinterpreted, and that’s a recipe for disaster…
The same day very recently I heard that banks are making less money and that they’re getting ready for defaults on auto, student loan and credit card debt. Today I heard that they want to do more of that type of lending! Evidently, greed is keeping risk aversion at bay.
FED POLICY MISTAKES AND SURPRISES
On financial bubblevision news there’s a constant obsession about what the central banksters will do with interest rates and other voodoo in order to manipulate the economy. Most comments are benevolent, but lately some have hinted at the possibility of a policy mistake.
They’re 3 decades late. The original sin/ mistake happened when Alan Greenspan became Fed chief and the rabid greed-driven financialization that became possible after the gold standard was abandoned truly got under way. Now the central banksters are “surprised” when the naughty economy doesn’t do what they want it to do, and of course it’s only transitory, because their models are right and they’re always right. So now, policy mistake, impossible, the economy isn’t doing what it’s supposed to do!