Credit deflation and the reflation cycle to come (part 3)

[DurhamBorn]

10 minutes ago, M S E Refugee said:

I've only got a couple of hundred in them and I'm down 20 quid so far with a £7 dividend on the way.

Is there something fundamentally wrong with them or are they just out of favour?

Losing assets,CEO was crap and is leaving "to lie on the beach" he said.Likely they need a merger or buying out.I had ladders set but didnt execute after two because i increased Ashmore and Ninety One to much bigger ladders.Im full on Ashmore now last went in at £1.95,room for a few more Ninety One.I want ones that mainly do EMs as i think once investors understand the west is in serious trouble a wall of money might flow their way.I decided they are a way to leverage EMs.If wrong they might go down,but if right they should leverage returns.

Nice to see Turkcell protecting us from basket case currency debasement from government,not Turkey,UK,im actually up on them now,i salute the new Ottoman Empire.

[Lightly Toasted]

4 hours ago, ThoughtCriminal said:

Yes but they were protestant working class boys who thought the same and had the same culture.

 

We now live in woke tower of Babel.

 

Kipling, as ever, knew what we have forgotten

 

"The Stranger within my gate,
He may be true or kind,
But he does not talk my talk--
I cannot feel his mind.
I see the face and the eyes and the mouth,
But not the soul behind."

Thanks, I'd not read that one before: a powerful expression of an idea though not one of his best poetically, IMO.

A comment from a page about the poem:

... the stranger within my gates is a white socialist who holds the gate open for others to take my home while other white socialists hold me down so I cannot shut the gate. Those entering are not the enemy, the stranger. They are doing what normal people should do. The enemy, the stranger, are those members of my own stock who make war on their own.

We are heading for culture war not a race war. There will be significant overlap but I think it's culture/values that will define "sides", not Kipling's "stock".

 

[DurhamBorn]

Im off out tonight to a 21st birthday party.

I think you can all guess what im giving her for a present.

Its very shiny,lots of it in Mexico, @nirvana hates trading it 

[Loki]

48 minutes ago, Lightscribe said:

 

https://www.bitchute.com/video/SZ28SJz3m9Dc/

Listen to them at the end of the video. It was always about how your life would be impacted and how things would have to change for you, it was never for them.

 

It's possible they could be right but only because of the system they have enforced on us.  A shitty system will always end in collapse

[Jay]

3 hours ago, Axeman123 said:

IMO it is all about the fed pivot.

Yes..pricing no pivot..plus Qt of 60 billion a month from the kitco video (I paid attention when di Mateo speaks) and that Jerome doesn’t want to be an Arthur.. she said October would show the fed balance sheet shrinking…

[Democorruptcy]

6 hours ago, M S E Refugee said:

Can anyone shed any light on why Jupiter is performing so badly?

It's now yielding 15%.

I'm surprised you dare call it by it's real name, I thought maybe the 5th or big planet?

[M S E Refugee]

Russian gas transit to EU via Nord Stream to be halted  – Gazprom https://www.rt.com/business/561178-nord-stream-pipeline-shutdown/

Gazprom are closing it for a few days for repairs.

Very safety conscious those Russians.

[marceau]

9 minutes ago, DurhamBorn said:

Im off out tonight to a 21st birthday party.

I think you can all guess what im giving her for a present.

Its very shiny,lots of it in Mexico, @nirvana hates trading it 

 

[Sue Lowe]

10 minutes ago, M S E Refugee said:

 

Love Dom but have been a little concerned why he was at a garden party with a very establishment crowd the other week . Hopefully just gathering material for his next song.

[Axeman123]

Just now, Jay said:

Yes..pricing no pivot..plus Qt of 60 billion a month from the kitco video (I paid attention when di Mateo speaks) and that Jerome doesn’t want to be an Arthur.. she said October would show the fed balance sheet shrinking…

Pricing the rhetoric. 

I still say we get a pause in September from the fed. If the fed try to raise with CPI MoM of -0.5% in an election year Biden will raise hell and unleash the nutters on him.

I see the rhetoric as trying to keep the US indexes from front-running. Pausing at a new ATH would be especially galling. I could well be wrong of course.

[Lightscribe]

19 minutes ago, Loki said:

 

It's possible they could be right but only because of the system they have enforced on us.  A shitty system will always end in collapse

It will, but is it more beneficial (to retain the ability of control and resulting solution) to have organised collapse rather disorganised chaos? At least for the ones that matter in their own eyes anyway.

https://en.m.wikipedia.org/wiki/The_Limits_to_Growth

[Jay]

1 hour ago, JMD said:

Are you saying if the UK union were to break up it would be negative for England? If that is what your saying i would disagree and think the public spending figures per person (below) speak for themselves. I believe it would be a net gain for England if the region's went independent, reducing the UK population by 10 million (5m Scotland, 3m Wales, 2m NI) would alone help reduce social support costs, infrastructure costs, etc. Plus if factor in the taxes raised per person from the region's, the tax-spend ratio becomes even more stark. Not to mention that lots of central government jobs (eg DVLC) would relocate back to England.        Btw, I genuinely wanted Scotland to stay  back at the time of their first indie vote, but now I couldn't much care what they decide next time they wangle another 'once in a generation vote'!                  

https://commonslibrary.parliament.uk/research-briefings/sn04033/

Per capital spending you are correct but the increase in population of England mainly due to migration..dingy boys increase it but the majority coming are legal but poorly skilled so most likely not claiming..England has big non white populations in the cities which will attract immigrants..overall total spending will increase..per capital may continue to fall

you maybe correct as at even now Britain is still 75/80% homogeneous white.. 50 million and increasing will be difficult to manage if there are no spending cuts..especially as the oldies are still hanging in,,.. 5 or 3 million is lot easier to manage..solutions become greater..

It’s just speculation on my part to identify what social collapse means…as I said having alien settling next door is ok but the whole street is a different ball game..be lucky..

[Loki]

9 minutes ago, Lightscribe said:

It will, but is it more beneficial (to retain the ability of control and resulting solution) to have organised collapse rather disorganised chaos? At least for the ones that matter in their own eyes anyway.

https://en.m.wikipedia.org/wiki/The_Limits_to_Growth

I don't see what they've done to make it manageable.  A high-trust, homogeneous, healthy society based on truth would make it more manageable in my view anyway

[Lightscribe]

11 minutes ago, Loki said:

I don't see what they've done to make it manageable.  A high-trust, homogeneous, healthy society based on truth would make it more manageable in my view anyway

Basically to make it more manageable they just want less of us in it.

https://www.bitchute.com/video/xqMGDM7Khncc/

[Loki]

4 minutes ago, Lightscribe said:

Basically to make it more manageable they just want less of us in it.

https://www.bitchute.com/video/xqMGDM7Khncc/

Or they just want less of us so rammed the system into a wall at 100mph?

Unless their Big Brain thinking really did only come up with the genius plan of "Less is better" 

[CannonFodder]

54 minutes ago, M S E Refugee said:

Russian gas transit to EU via Nord Stream to be halted  – Gazprom https://www.rt.com/business/561178-nord-stream-pipeline-shutdown/

Gazprom are closing it for a few days for repairs.

Very safety conscious those Russians.

They just really trolling - world leading actually

Blame the disrepair on the sanctions crippling their availability of parts so EU politicians need to explain that sanctions that were meant to hurt russian gas industry worked and now no exports to EU.

Hilarious. They either have to say their sanctions useless and russia putting it on or sanctions scored an own goal.

[Axeman123]

3 minutes ago, CannonFodder said:

They just really trolling - world leading actually

My favourite Putin-ism concerns the return of the freshly serviced gas turbine. He says he cannot accept it, for fear that doing so would break sanctions and make it impossible for him to get the other four serviced in due course! His concern is that this would prevent him fulfilling his contract to supply gas to the EU!

Its the way he tells 'em!

[Lightly Toasted]

2 hours ago, JMD said:

Are you saying if the UK union were to break up it would be negative for England? If that is what your saying i would disagree and think the public spending figures per person (below) speak for themselves. I believe it would be a net gain for England if the region's went independent, reducing the UK population by 10 million (5m Scotland, 3m Wales, 2m NI) would alone help reduce social support costs, infrastructure costs, etc. Plus if factor in the taxes raised per person from the region's, the tax-spend ratio becomes even more stark. Not to mention that lots of central government jobs (eg DVLC) would relocate back to England.        Btw, I genuinely wanted Scotland to stay  back at the time of their first indie vote, but now I couldn't much care what they decide next time they wangle another 'once in a generation vote'!                  

https://commonslibrary.parliament.uk/research-briefings/sn04033/

All well and good, but do you want failed states on your northern and western borders? 

 

[Funn3r]

8 hours ago, M S E Refugee said:

They could have ended the Covid nonsense swiftly if they wanted and we are now seeing the same thing with this climate change bullshit.

We are governed by psychopaths. 

Yes. The endless stupid decisions are not because they're stupid. They are not stupid and everything is deliberate. 

I suspect they thought they could force the country and us to our knees and because globally everywhere else was in the same boat we would have no choice but to accept whatever solution they proposed. This has not worked out for them with the unplanned resistance from Russia and BRICS and so on. Unfortunately they have not realised this yet and they think the plan is on schedule. It isn't, and they will eventually be lamp-posted, just worried we may get sucked down along with them. 

[M S E Refugee]

Russia’s energy export revenues forecast to soar https://www.rt.com/business/561180-russia-energy-export-revenues-rise/

The Germans seem impressed by the Russians resilience.

"Overall, the German Economy Ministry forecast cited by Reuters suggested that the Russian economy is coping well with the sanctions regime and will contract by less than expected."

I would expect the Russians to make it through the Winter with ease, I doubt the Germans will.

[ThoughtCriminal]

1 hour ago, Lightly Toasted said:

Thanks, I'd not read that one before: a powerful expression of an idea though not one of his best poetically, IMO.

A comment from a page about the poem:

... the stranger within my gates is a white socialist who holds the gate open for others to take my home while other white socialists hold me down so I cannot shut the gate. Those entering are not the enemy, the stranger. They are doing what normal people should do. The enemy, the stranger, are those members of my own stock who make war on their own.

We are heading for culture war not a race war. There will be significant overlap but I think it's culture/values that will define "sides", not Kipling's "stock".

 

I think it's all of it. 

 

Mass immigration, wokeism, multiculturalism, these are all things that can only be indulged by a decadent society on borrowed funds and time.

 

If anyone thinks Somalis and Pakistanis in the Midlands and london are going to pull together in blitz spirit when the financial shit hits the fan, then I have magic beans to sell.

 

Everything Kipling wrote was a warning. Gods Of The Copybook Headings could have been written about 2022:

 

But, though we had plenty of money, there was nothing our money could buy, 
And the Gods of the Copybook Headings said: "If you don't work you die."  

Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew
And the hearts of the meanest were humbled and began to believe it was true
That All is not Gold that Glitters, and Two and Two make Four
And the Gods of the Copybook Headings limped up to explain it once more. 

[Bus Stop Boxer]

2 hours ago, Sue Lowe said:

Love Dom but have been a little concerned why he was at a garden party with a very establishment crowd the other week . Hopefully just gathering material for his next song.

I think his old man used to be a bit of a gadabout in those circles. Maybe i remember wrong.

[Yadda yadda yadda]

3 hours ago, DurhamBorn said:

Partner has just had the local government pay offer.£1900 across all grades and an extra holiday.So around 8% for lower paid.Manager will get the same increase.Interesting that,obvious they know its the lower grades where they cant or hold staff now and that unlikely any managers etc will leave.

Doing some of the easier percentages, below. Plus some speculation.

£19k = 10%. That is good but they'll need it. Private sector doing similar at that level of wage.

£25k = 7.6%. This might be the sort of wage that bin men are on. Could be other better paid opportunities coming up for people in this bracket.

£38k = 5%. A good wage. Very good in Durham. Few local government workers on that money would move on even if they got nothing.

£50k = 3.8%. People on this money will think they're important. They're going to get taxed at 40% on all the increase and will be pissed off. Might look for another job but unlikely to find anything in the private sector. Maybe some of the older ones will retire early. Even at this level it is more than a lot in the private sector will be getting.

Will the top bosses be making do with £1,900 or will they have a separate deal?

We have said that wage differentials will decrease and this is a clear sign of it. Still far too much of a raise at the higher levels.

[Stuey]

1 hour ago, M S E Refugee said:

Russia’s energy export revenues forecast to soar https://www.rt.com/business/561180-russia-energy-export-revenues-rise/

The Germans seem impressed by the Russians resilience.

"Overall, the German Economy Ministry forecast cited by Reuters suggested that the Russian economy is coping well with the sanctions regime and will contract by less than expected."

I would expect the Russians to make it through the Winter with ease, I doubt the Germans will.

Selling half as much, at around six times the price...

[Chewing Grass]

4 minutes ago, Stuey said:

Selling half as much, at around six times the price...

Vorsprung Durch Technik...