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

[Lightscribe]

6 hours ago, ILikeCake said:

Big mortgage and Audi or Range Rover on hire guaranteed.

Yup, it’s the acceptance part of the Kubler Ross scale. When things are proven that they are no longer a conspiracy i.e damage of lockdowns, economic fallout etc and they can finally see the direction where it’s going (bankruptcy) the only option is to roll over with whatever the government solution may be and pretend they agreed with it the whole time.

It’s the same with digital ID cards. They were a conspiracy a couple of years ago. When the government plans become apparent and they can finally see the direction of where it’s heading, people then say ‘well it’s handy having your driving licence, passport and wallet all in one and I’ve got nothing to hide anyway’ and again, pretend they agreed with it all along. 

[marceau]

6 hours ago, Joncrete Cungle said:

Blanchflower was part of the problem when the was on the MPC.

From Wiki

Six other members of the MPC have served during Blanchflower's time on the MPC. Blanchflower continually voted for rate cuts.^[19] At the September 2008 MPC meeting, Blanchflower distanced himself further from consensus by voting for a 0.5% 'cut' against the other eight members' 'hold'.^[20]

In the Autumn of 2008, the worldwide economic situation began to deteriorate dramatically, most clearly evidenced by dramatic falls in the values of shares worldwide. On 8 October 2008, the BOE took part in a set of simultaneously announced cuts in the policy rate of a number of major Central Banks. The MPC eventually came around to Blanchflower's view and subsequently lowered rates to levels never before seen in the Bank of England's existence and moved to do unprecedented levels of quantitative easing.

 

Indeed. Blanchflower's one of Brown's crew - one of the worst, in fact. What a blast from the past, perhaps he can bring on some of the journos next? Maybe Kaletsky or David Smith? Fully recreate the 2000s environment.

I sometimes forget how terrible it was watching that crew fuck things up so horribly. The support was wall-to-wall though, it just couldn't be stopped.

Edit: For the record I think Hendry's a self-promoting bullshitter who'll latch on to whatever best enables his grift. 

[No One]

 

+76.02% up 

 

Buffet may be the oracle of Omaha, but DB is the oracle of Durham

[ThoughtCriminal]

That's a pretty sobering chart.

 

The illusion economy.

[M S E Refugee]

Russia finished according to this guy.

 

 

[Democorruptcy]

8 hours ago, JMD said:

The only bailout I'm interested in is in terms of stabilising energy costs for industry/business. It would help limit job losses over next 24 months, plus also encourage further inward investment by companies that will hopefully choose the UK over the chaotic energy polices of Europe. Imo this should be the current priority. And in any case BTL owners are already begining to sell up, although I do accept HMO owners would probably benefit from this - but only a temporary reprieve I expect.

This is actually part of my thinking in what Truss should be looking to offer the country. If politically clever she should do some of those business tax cuts she's earmarked to doing, however she should also offer other benefits such as free training budgets to further attract companies to expand/relocate to the UK. The clever part is that voters will like the idea of training+job. Truss has been coy over what her big-borrowing will be spent on. Policies offering hope will help secure the next election.... Will wait and see if anything like this is announced in coming weeks.

Decl: I don't vote conservative, but nor do I want to see Sir 'Barney Rubble' Starmer get in!

Right, so now my taxes are only going to keep zombie companies going instead of zombie households? Keep that executive pay flowing? Sorry but I'd like a return to capitalism, businesses going bust if they aren't viable instead of them keeping profits but any losses socialised and paid by taxpayers. It's subsidy after subsidy, let's have a good clearout, no pain no gain.

[King Penda]

4 hours ago, wherebee said:

I think we should get @King Penda a mumsnet account and set him loose.  He'd die of exhaustion in a week.

A thread about how many women a day that my long term boyfriend is shagging on the side because I’m on the menopause should have them frothing then when they go nuts say he is a multi millionaire who indulges my horsey lifestyle 

[CannonFodder]

8 minutes ago, King Penda said:

A thread about how many women a day that my long term boyfriend is shagging on the side because I’m on the menopause should have them frothing then when they go nuts say he is a multi millionaire who indulges my horsey lifestyle 

Important for the kids to have stability in a 8 bed mansion with adjoining stables!

Divorce might mean they need to leave private school

[King Penda]

3 minutes ago, CannonFodder said:

Important for the kids to have stability in a 8 bed mansion with adjoining stables!

Divorce might mean they need to leave private school

Yep they will demand divorce or separation and be has jelous has fuck 

[Pip321]

6 hours ago, wherebee said:

It's a sea of red across the markets here in Oz this morning, as well as the off market trading in oilies is down.  Did Sleepy Joe die last night or something?

Tricky, how would they know if he is dead? 
Unresponsive, grey cold skin, unable to move on his own…that’s just business as usual 😉

18 minutes ago, King Penda said:

A thread about how many women a day that my long term boyfriend is shagging on the side because I’m on the menopause should have them frothing then when they go nuts say he is a multi millionaire who indulges my horsey lifestyle 

Frothing 🤦🏻‍♂️😆

[Axeman123]

9 hours ago, Joncrete Cungle said:

Blanchflower was part of the problem when the was on the MPC.

It is still worth a listen, just for how scathing he is of central banking. He also aligns with much of the thread thesis, eg CBs will over tighten us into deflation.

On the larger point 2008 and the globally co-ordinated response of QE were baked in (through CB negligence and incompetence) years before. As much as I like to imagine a 2008 that was allowed to run it's course, I just can't imagine how that would have been acheived. In that alternative universe we could be living under PM Corbyn today for that matter.

[nirvana]

Gold is dying, again....

Hangman looks round as he waits

Cord stretches tight then it breaks

Someday we will die in your dreams

How I wish we were here with you now

 

[honkydonkey]

NINETY ONE PLC pulled back enough for me to buy it today in the ISA.

[HousePriceMania]

9 minutes ago, honkydonkey said:

NINETY ONE PLC pulled back enough for me to buy it today in the ISA.

Bitcoin has pulled back enough for me not to touch it with a barge pole 

[ThoughtCriminal]

Watching the western response to the assassination attempt on Dugin that killed his daughter I am absolutely amazed. 

 

The glee and justification, all going unchallenged by the presenters on BBC, sky, CNN etc.  China and Russia, Iran etc are watching this hypocrisy and taking note.

 

I'm more convinced than ever that we're ruled by maniacs. These people have no idea what they're unleashing.

 

We're basically in an undeclared WW3 now.

[RJT1979]

3 minutes ago, ThoughtCriminal said:

Watching the western response to the assassination attempt on Dugin that killed his daughter I am absolutely amazed. 

 

The glee and justification, all going unchallenged by the presenters on BBC, sky, CNN etc.  China and Russia, Iran etc are watching this hypocrisy and taking note.

 

I'm more convinced than ever that we're ruled by maniacs. These people have no idea what they're unleashing.

 

We're basically in an undeclared WW3 now.

What's to stop Russians in the UK now killing celebrity children or politicians children in revenge. Popcorn 🍿 

[marceau]

34 minutes ago, Axeman123 said:

It is still worth a listen, just for how scathing he is of central banking. He also aligns with much of the thread thesis, eg CBs will over tighten us into deflation.

On the larger point 2008 and the globally co-ordinated response of QE were baked in (through CB negligence and incompetence) years before. As much as I like to imagine a 2008 that was allowed to run it's course, I just can't imagine how that would have been acheived. In that alternative universe we could be living under PM Corbyn today for that matter.

Blanchflower's memory is rather selective. He wanted the presses running full speed in the years leading up to the collapse, not in response to it, and would appear week after week in every media outlet to push for looser and looser policy. When warnings started to emerge that the system was running too hot and the regulatory oversight had failed, he was always at the front of the group dismissing criticism.

He is a political creature whose prime objective was to enable the power aspirations of his buddy Gordon Brown. CBs being the villain of the financial crisis neatly skips over the role of that one-eyed cunt, and his disastrous changes to the regulatory environment. The city had reached the limit of plunder that the big bang had produced, until Brown & Greenspan opened the door to a whole new type of game; a horrible political and business chimera, under an 'oversight' system that resembled a shell game. CBs were by and large a hapless bystander.

To call his wikipedia entry generous would be an understatement, it's a total misrepresentation. The only way you can see the truth is to either have watched it in real time, or to trawl back through a decades worth of newspaper articles, which of course not many are going to do. A neat example of how history gets reconstructed.

[M S E Refugee]

11 minutes ago, ThoughtCriminal said:

Watching the western response to the assassination attempt on Dugin that killed his daughter I am absolutely amazed. 

 

The glee and justification, all going unchallenged by the presenters on BBC, sky, CNN etc.  China and Russia, Iran etc are watching this hypocrisy and taking note.

 

I'm more convinced than ever that we're ruled by maniacs. These people have no idea what they're unleashing.

 

We're basically in an undeclared WW3 now.

Strangely RT aren't making a big issue out of it.

[marceau]

1 minute ago, M S E Refugee said:

Strangely RT aren't making a big issue out of it.

Dugin just isn't that important politically in Russia. Just like the power of the 'oligarchs', it's western received wisdom with no basis is observable reality.

[DurhamBorn]

1 hour ago, King Penda said:

A thread about how many women a day that my long term boyfriend is shagging on the side because I’m on the menopause should have them frothing then when they go nuts say he is a multi millionaire who indulges my horsey lifestyle 

"iv really hit the wall,im flabby everywhere and i regret now thinking a little extra weight was ok because now its a lot of extra weight.He on the other hand bought a barbell and is in better shape than when we met 20 years ago.Hes also grown a 10 day stubble,cut his hair short and looks great.Worse thing is i notice women 15 years younger or more giving him the eye now.I know most women hit the wall after 45 and most men ,at least the ones who look after themselves actually get better looks wise but im struggling with it.I wish i had treated him better now over the years .

Do you think i should hide his finasteride,his beard trimmer and his face routine?

[M S E Refugee]

3 minutes ago, marceau said:

Dugin just isn't that important politically in Russia. Just like the power of the 'oligarchs', it's western received wisdom with no basis is observable reality.

I just had a quick look at his Wikipedia page and Dugin looks like the perfect bogeyman for the West so they are undoubtedly trying to elevate his status as an influential Rasputin type figure.

[Axeman123]

12 minutes ago, ThoughtCriminal said:

Watching the western response to the assassination attempt on Dugin that killed his daughter I am absolutely amazed.

The doors this opens are terrifying. Lines are being crossed that can't be taken back.

The Soviet Union fed cemtex to the IRA via Libya, to kill UK police and military personnel, but they at least maintained plausible deniability. NATO did plenty of comparable acts, but again under a veil of decorum. This enabled rapprochment as needed. It left options on the table for the future. Libya alone was small enough to smash, the Soviet union and later Russian Federation never were - hence a diplomatic component was always going to be needed.

What we are seeing now is the formation of a permanent divide. They really are trying to split the world in two. I don't beleive Ukraine could have done this car-bombing without CIA/MI5 help, and neither will the RF. The open crowing tone of the media wouldn't be happening without a nod from the top. I also think this is intended to provoke an attrocity against Kiev, again to enable a total divide.

[Errol]

28 minutes ago, ThoughtCriminal said:

Watching the western response to the assassination attempt on Dugin that killed his daughter I am absolutely amazed. 

 

The glee and justification, all going unchallenged by the presenters on BBC, sky, CNN etc.  China and Russia, Iran etc are watching this hypocrisy and taking note.

 

I'm more convinced than ever that we're ruled by maniacs. These people have no idea what they're unleashing.

 

We're basically in an undeclared WW3 now.

Dugin had nothing to do with Putin anyway. In Russia he is an irrelevance. It was the West that played him up and made him into some kind of important figure. Similar to Navalny, in that respect.

[marceau]

14 minutes ago, M S E Refugee said:

I just had a quick look at his Wikipedia page and Dugin looks like the perfect bogeyman for the West so they are undoubtedly trying to elevate his status as an influential Rasputin type figure.

Yeah he's kind of a combination of David Starkey and Katie Hopkins, and about as influential in policy terms.

The British equivalent of this would be assassinating Niall Ferguson or someone like that. Just a weird and stupid target - stinks of CIA.

[ThoughtCriminal]

17 minutes ago, M S E Refugee said:

Strangely RT aren't making a big issue out of it.

They don't need to.

 

This one is going in back pocket for later use.

 

"Well you did it to Dugin. Now we do it".