Video: Crash-causing debt

A jubilee is a bailout of bad investors, fuck ’em. Everyone has a sob story, equal outcomes is still cancer.

Screw the stupid, not responsible. They deserve to suffer.

Greedy people suffering poverty is FAIR. There’s deserving poor. Social mobility must be allowed to also go down to ever recover the society. Middle-class people who ‘resent’ slipping down shouldn’t have bought cliche Hermes belts and tacky Gucci slippers.

Meritocracy – the greedy fools lose their shorts. And if they were so smart, they’d be fine with slipping down knowing it wasn’t just luck and they could make it back, right?

The average cannot bail out low IQ and it shouldn’t have to.

Someone’s labour would be devalued. That’s slavery. Pay the piper.

I wanna buy a sportscar. I don’t. Why? First, I’m not a man so there’s no phallic inferiority complex going on but generally, it’s because I am not a thief. I refuse to get into debt dishonestly. Old-fashioned I know. It just seems like a bad idea. Jeremiah 17:11.

Likewise, by contrast I know people, lots of people otherwise sane, who are running up huge allowance credit cards assuming their parents will ‘help’ them buy a house to get grandkids or that they’ll definitely get their dream job and promotion. Lumping in the reckless with the responsible will breed resentment. Idiots only learn the hard way.

Every time they see me not doing this, struggling like young people are supposed to, they’re really smug about their ‘cunning plan’.

It’s literally most people under 30 I’ve ever met. EVER.

Every country, every occupation, every industry, every class bracket, every income level.

EVAAAAAAAAH. Consider the scope of that. People triple their age do it too. It’s the New Normal.

They all have the same fucking ‘genius’. You cannot talk them out of it.

They’re “not like other investors” TM. Every one of them is that arrogant.

It’s like fiscal Jesus is gonna rapture them out of debt, it’s creeping me out.

Magical thinking in the worst possible place. It’s impossible at this point, post-70-80s.

At this point I’m scared to bring it up. They attack like hyenas if you suggest the Government isn’t omnipotent like God and can’t spare you the Hell of responsibility for your own credit card purchases on shoes, be they Louboutins (painful) or Nikes (break).

They vote like rich celebrity assholes because they think they’ll be bailed out like rich celebrity assholes.

This cannot end pleasantly for them. They must learn the short term game ends in loss, long-term.

You have to let them fail now. Yes, even the Boomers. You’re WAY too old to claim ignorance.

When you’ve been doing the same infantile bullshit for over half a CENTURY, it isn’t really a ‘mistake’.

I take my lumps now and push ahead with less so I don’t have to do it old, ill and with less ability to recover. That’s natural law. You can’t circumvent another person who pissed their life away doing the easy thing every time. There’s no rewind button to circumvent those consequences of immoral choice. You can’t reverse decades of selfish stupidity bearing rotten fruit. You had your fun, for years. You spent while others saved. It’s winter now, you starve.

There aren’t enough beach-houses to go around. What everyone on the planet feels entitled to, it’s impossible to dole out equally.

You cannot cover arse for shitty time preference. It leaves someone else out in the cold.

I’m tired of the musical chairs dance. Yet I get it. I truly do.

They took the ending of Fight Club a little too literally. Wiping the slate won’t bring down the high IQ or raise the low IQ, it won’t make the fat thin and the thin less vegan, it won’t end Third World wars and it won’t be a magical blowjob machine of financial utopia. It doesn’t raise the dead who voted in the race and immigration melting pot shit so we can kick ’em (although the Cromwell treatment is on the table). It’s just nothingness.

Most of the Millennial “socialists” are like (90+%) actually of the Cloward-Piven let-it-burn motherfuckers school.

If you actually talked to them. “What if socialism fails and the economy collapses?”

They’re HAPPY about it, it’s spiteful on purpose. That’s a feature, NOT a bug.

If ‘paying dues’ gets you screwed. All Gen Y/Z heard from the conceited Boomers was, “you gotta pay your dues, you gotta pay your dues, you gotta pay your dues” well now we’re the major voting bloc it’s “you first”.

We’re not letting you take it with you. This is across left/right, we all agree.

It’s the last-ditch attempt to cut out the cancer of the corrupt.

They made us poor, …let’s return the favour.

Hey, the hippies loved to lecture us on the Golden Rule.

How do you hurt a rich person Trading Places logic.

Fix it or we break it even more.

What does Marx have to do with China?

Thought experiment: What would Marx say?

Vague shitpost of the obvious incoming.


In an all-white society, he was right to fixate on class because race wasn’t a factor.
Still, race has become too burdensome as a factor, people forget class. The Left aren’t wrong to bring it up, merely to blame it for everything. Class isn’t even blank slate, that’s just the way economists lie about it to deny historic responsibility from their field. Bubbles aren’t natural, unless you mean the soap kind. They are man-made – by crooks.
Marx was right that the middle class have to die. What he missed is that middle-class ideas have to die. That would swiftly solve the problem of the chattering class.
There’s no middle-class without a separate identity to carve, an axe to grind, an other to oppress or uplift, in an appeasement display to prevent their own demise or consolidate their position against same-race competition.
The superpower is in the production. During the British Empire, the factories were here, since the Industrial Revolution. Then America, and they had two profitable wars for the right people. Now, China runs the world. The Chinese aren’t being told to learn English, the West is being told to learn Mandarin. The Chinese have enslaved their own people to spread by immigration, to reach by financial influence and to conquer the West in the long-run. Outbreeding us also outweighs in terms of war. They can afford to lose a billion, we can’t lose a fifth of that without going extinct. The West ought to await Malthus with glee.
Mother Russia will always come up smelling of roses, you never mess with Mother Russia. The Chinese under-estimate the Russian, they don’t understand the psychology. It’s passive, it isn’t aggressive, and it settles very well.
Where are the factories? Where are the workers? Where are the means of production? You might say, They never won a war! But they won. They won something and something real. Further, the US never beat the British, not in real terms. Always one step forward, three back.
The USA has never won a war. Look how independence is going. Do you really think the mass immigration from Africa would’ve happened back then under British rule? Neither of those world wars were necessary.
China won the spoils of all that bloodshed with patience and cheap toys. I think it might be Christmas that killed the Christian. Perhaps the Puritans were right.
However, the consent of the Western worker is a fickle thing. The parasite load of the global economy is reaching tipping point thanks to demographic shifts. Really, it’s a tidal wave and you need to keep a weather eye on the horizon to know when to move. The gene pool is full of mud and antibiotic resistant disease.
Nations have been sold out for less short-term gain.
The financial systems rely on worker consent. Marx correctly pointed out that when they realize the game is up, there are no more gibs and no retirement…. what else is left but rebellion? Slaves rebel.
Statist reward incentives are parasitic on the very people who produce them. I won’t sit here grinding on an old wheel. Gen Y and Z will be fascinating to watch as this plays out. Brainwashed from nursery.
I wanted to point out these basic, salient arrangements.
It’s everybody’s problem.
This isn’t a white issue, but whites do appear to be the golden goose – at least in terms of charity ‘aid’.
I’ve said before, you can’t have white levels of prosperity with fewer white people in society.
Resources are contracting because population is expanding past the elastic.
It’s going to snap.
The sustainable nutjobs lose traction because they never discuss the eugenic need for population control. They do on any other species. By comparison, the UN pretends this will happen magically. Humans are a locust swarm on this planet, but not all humans. #NotAllHumans
The common sense necessity to acknowledge this is missing thanks to vice and corruption, the outcome. The academics expect gold-plated pensions. The politicians want to be voted back in. The economists want grants. The capitalists want fatter margins. The same finite resources divided between a sustainable, reduced population (commonly est. 1 billion, possibly up to 2) will result in instant prosperity. Marx believed that reducing the working-class was impossible, since the rich would suffer but- what if the poor don’t work? Marx is ridiculous for many reasons, but not so much as his followers who believe nothing has changed in almost a century and a half. When practically everything has changed and they also brag about this ‘progress’… cognitive dissonance is a brain cancer, kids.
For the poor to be better off, most of the population has to go. The majority isn’t Rich.
Squeezing the rich would only work a few years… they’d stop producing.
Demographics. Economics is an application, either correct or incorrect. Beyond demographics, there isn’t much to say. Economists are not social scientists*. They don’t care about people. They will screw people to get numbers. Economists would be run out of any medieval town, a saner time. They usually sell Get Rich(er) Quick – this is afforded by a broken currency system and fractional reserve leprechaun money.


There isn’t One solution. There are many. Like a jigsaw. Many problems.
Maybe something like 75% have a similar cause, but they don’t all have the same solution.
People don’t want to look because not only does it 1. suck to live through something you don’t deserve, but 2. the Problem is huge and 3. there are too many details to discuss solutions at this stage of decline. Where’s the will?

*Could we also stop asking engineers and physicists about social science problems? Their opinions are crap. Ask a 5yo.

Also, social scientists are not preachers. Their word isn’t gospel. Neither is a preachers, come to think.

What does Bill Nye, a children’s show presenter, know about how to bring down national debt?
What does Token Black Tyson know about humanities education?
What does ..actually, there aren’t any celebrity female scientists, are there?

We need SOLUTIONS.

A ‘final solution’ won’t fix the social system or the hegemonic cultural paradigm. Yes, you’re very edgy, please move and let the grown-ups talk.

Look at the food security of Asia if you want a blackpill LOL, especially the much-vaunted SE and China (our economic superior). It hasn’t occurred to a lot of  these ‘redpills’ that Asia has only been historically strong because the West is all-time weak. Superpowers are on a see-saw kind of setup.

I think Africa will invade Asia, personally, based on land bridges and farmland.

Aid workers are not saints, they are the devil in a halo.
History will view them as scum, vermin, who encouraged Mass rape, disease and famine.
All for the glory of their pride.

They knew this was coming. They simply don’t care. Look up the disaster of Millennium villages. They wanted their bribe money, free 4x4s, 5* hotels and plenty of brown children to rape.

Google ‘UN rape scandal’ sometime.

Fear looms of future Lehman Brothers-like collapse

http://www.thisismoney.co.uk/money/markets/article-3234192/The-gathering-storm-Fears-new-crisis-seven-years-Lehman-Brothers-fall.html

arrogant smug uhuh aww yes yeah mhmm sexy bamf hugh jackman

One can dream.

Shares in China were on the slide again yesterday, with the stock market in Shanghai down another 2.67 per cent, taking losses since June in what has been dubbed ‘The Great Fall of China’ to 39.71 per cent.

The Great Fail of China.

We won't be laughing when their stocks outperform ours

Last month was the worst for the FTSE 100 index in London for more than three years and the blue chip benchmark is nearly 15 per cent off the all-time high reached in April.

You think that’s bad?

 What to do when the "intellectuals" hit reality like a brick wall? Laugh, I guess

You think that’s it?

Claudio Borio, chief economist at BIS, warns it is ‘unrealistic and dangerous to expect’ that central banks ‘can cure all of the global economy’s ills’ through low interest rates and money printing and BIS is calling for an end to the era of ultra-cheap money.

The time for sanity was 2008.

Of course, he was not alone in being taken by surprise by the last crash. The Queen famously asked in spring 2009: ‘Why did no one see this coming?’

The answer, from the British Academy a few months later, was that there had been ‘a failure of the collective imagination of many bright people’.

Oxymoron in there somewhere.

Seven years on, the storm clouds are gathering once again, as the world struggles to bounce back from the collapse of Lehman and its painful aftermath.

Idiot isn't as much a person as a process of doing things wrong

This was the foreplay. It didn’t work. The IMF is going in dry.

In other financial news:

  • Subprime mortgages are coming back, because we all know what a spectacular success those were last time.

http://www.thisismoney.co.uk/money/mortgageshome/article-3230545/Only-got-5-deposit-time-buyers-helping-hand.html

  • People are stashing cash under the mattresses instead of spending it in the economy, oblivious to the fact that if the banks collapse, it will be because the cash is worthless. But hey, at least they won’t run out of TP.

http://www.thisismoney.co.uk/news/article-3241061/A-nation-money-hoarders-Brits-3bn-hidden-away-mattresses-gathering-dust-sofa.html

  • BoE are hinting negative interest rates because they’ve straight up run out of ideas.

http://www.thisismoney.co.uk/news/article-3240086/Interest-rates-need-cutting-zero-says-Bank-England-s-Haldane.html

  • They still push BTL despite the economic damage because Baby Boomers need even bigger portfolios and property values can never ever go down.

http://www.thisismoney.co.uk/money/mortgageshome/article-1596759/Ten-tips-buy-let.html

  • Baby Boomers outraged there is no such thing as free cruise meal.

http://www.thisismoney.co.uk/news/article-3237624/One-six-hit-fee-5-000-cashing-pension-700-000-55s-pay-access-savings.html

  • Because being in the best position of all time and all current generations isn’t enough.

http://www.thisismoney.co.uk/money/diyinvesting/article-3192386/How-invest-different-generations-profit-needs.html

Despite the rise of new generations, it’s worth remembering that the baby boomers still hold a large chunk of the developed world’s wealth.

Demographic change is a particularly dominant theme across the portfolio and the funds’ managers exploit play this theme via a number of healthcare and pharmaceutical names.

As a wise philosopher once said – ‘demography is destiny’.

Wise to remember when they push for hostile immigration of more people who want to sponge off the State.

“Stash cash under your mattress” ~ Fund manager

http://www.telegraph.co.uk/finance/personalfinance/investing/11686199/Its-time-to-hold-physical-cash-says-one-of-Britains-most-senior-fund-managers.html

It’s short and they’ve been going SJW so, in full so I can explain;

The manager of one of Britain’s biggest bond funds has urged investors to keep cash under the mattress.

Ian Spreadbury, who invests more than £4bn of investors’ money across a handful of bond funds for Fidelity, including the flagship Moneybuilder Income fund, is concerned that a “systemic event” could rock markets, possibly similar in magnitude to the financial crisis of 2008, which began in Britain with a run on Northern Rock.

“Systemic risk is in the system and as an investor you have to be aware of that,” he told Telegraph Money.

deanwinchester supernatural wink flirty hey hello nice
Some of us like it that way. A little chaos spices up the day.

The best strategy to deal with this, he said, was for investors to spread their money widely into different assets, including gold and silver, as well as cash in savings accounts. But he went further, suggesting it was wise to hold some “physical cash”, an unusual suggestion from a mainstream fund manager.

He knows something. He grew a conscience?
Reminds me of the Most Honest Stockbroker in the Entire World.

His concern is that global debt – particularly mortgage debt – has been pumped up to record levels, made possible by exceptionally low interest rates that could soon end, and he is unsure how well banks could cope with the shocks that may await.

He daren’t mention the other 3 horsemen of the economic apocalypse: student loans, pensions/welfare and the NHS.

lestat rat judgemental

He pointed out that a saver was covered only up to £85,000 per bank under the Financial Services Compensation Scheme – which is effectively unfunded – and that the Government has said it will not rescue banks in future, hence his suggestion that some money should be held in physical cash.

WRONG.

Idiot isn't as much a person as a process of doing things wrong

Per banking LICENSE.
Many banks operate under a single license, meaning you’re entitled to 1 (one) £85k payment. You need to check yourself. This assumes the currency value doesn’t change compared to nominal.

He declined to predict the exact trigger but said it was more likely to happen in the next five years rather than 10. The current woes of Greece, which may crash out of the euro, already has many market watchers concerned.

Oh, he means the EU collapse.

I will add for the record that being a hater doesn't make you wrong

Mr Spreadbury’s views are timely, aside from Greece. A growing number of professional investors (see comment, right) and commentators are expressing unease about what happens next.

The prices of nearly all assets – property, shares, bonds – have been rising for years.

House prices have risen by 26pc since the start of 2009, and by 68pc in London. The FTSE 100 is up by 75pc.

Although it feels counter-intuitive, this trend of rising prices should continue if economies remain weak, because it gives central banks licence to keep rates low and to carry on with their “quantitative easing” programmes.

franklook

Conversely, if the economy does pick up and interest rates need to rise, the act of doing so is likely to stall the economy and force them to be reduced again. Once more, demand for those mainstream assets would be rekindled and the asset boom continues.

But then there is the shock event. Daily Telegraph columnist Jeremy Warner also captured some of the concerns this week when he wrote that the trigger for an “inevitable correction” could come from “a clear blue sky – a completely unanticipated event.

Like a…. Black Swan? If only there were a name for this effect?

How are fund managers preparing for this gloomy possibility?

Sadistic glee since they’re making bank twice (getting out before this Black Swan crash plus future selloff). 3x if you count ’08 but who does?

Mr Spreadbury sticks to bonds because of the remit of his funds. Within that world, he said a shock to the system would cause a flight to safety and the price of British government bonds, or gilts, would rise sharply. He also holds bonds of companies that would be most protected in times of turmoil – water companies, power network operators – and those where the bonds are secured on a solid asset, such as land or buildings.

Sounds like he’s prepping for a war.

Examples include Center Parcs and Intu, which owns shopping centres.

Marcus Brookes, another well regarded fund manager who looks after billions of pounds worth of investments, is less constrained in where he invests, because of the different remit of his funds. Schroder Multi-Manager Diversity, for example, can pick and choose between assets.

Mr Brookes said the probability of a major shock event was small but even he holds 29pc of the Diversity portfolio in cash, a huge proportion compared with most funds. This decision is due to his concern that bonds are overvalued and may fall. He aims to deliver returns of 4pc above inflation so can’t afford to put too much in assets that he believes will lose money.

“The problem is that people are struggling to work out how to diversify if QE programmes stop,” he said.

no what I don't believe it can't be true disbelief pushing daisies
I wouldn’t give those people Monopoly money.

Mr Spreadbury added: “We have rock-bottom rates and QE is still going on – this is all experimental policy and means we are in uncharted territory.

Seems pretty planned to me.

“The message is diversification. Think about holding other assets. That could mean precious metals, it could mean physical currencies.”

But you said above….
Nevermind, they don’t have a clue.

Apocalypse incoming. Got it.

Birth Pangs of the Coming Great Depression

http://theeconomiccollapseblog.com/archives/birth-pangs-coming-great-depression

The most telling to a lay observer, is how the richest are buying Bug Out locations.

Even though most average citizens are completely oblivious to what is happening, many among the elite are heeding the warning signs and are feverishly getting prepared.  As Robert Johnson told a stunned audience at the World Economic Forum the other day, they are “buying airstrips and farms in places like New Zealand“.  They can see the horrifying storm forming on the horizon and they are preparing to get out while the getting is good.

It cannot be explained away.