Before I get to my prediction of what might happen to the economy this month, let me go into two other topics that are intertwined: race and the media. The MSM is conditioning us and I can prove it. White cop shooting unarmed black guy=news. Black cop shooting unarmed white guy=not news. White people beat black man=news. Black people beat white man= not news. See a pattern here. They are telling people white people bad, black people good when it's not as cut and dried as that. As a matter of fact, there are idiots of all races and as someone who has seen this first hand, the black community is becoming dangerously racist against whites. In Missouri this past week, a gang of 30 black teens beat the snot out of two white men with fists and tasers because they were white. I seemed to have missed that story in any news outlet outside of the Missouri area. Here are the facts, black people are more likely to commit hate crimes than white, 8 times more likely according to FBI stats. A black male is 40 times more likely to attack a white guy than vice versa.
The MSM is compliant in this scenario, making white people the bad guy and black people the heroes. Now in light of the recent shooting in South Carolina yesterday, white on black crime does occur, and something I predicted would happen, especially after the sixth arrest in the last month in which some black, Muslim lunatic was either being shot down in the street or arrested, which is not a great sales pitch for either group. The shooter, Dylann Storm Roof, which is a messed up name to begin with, was obviously suffering from mental illness (he never left his room, didn't socialize, looked like a complete nutter), otherwise known as the tri-fecta. So why did his family think this was a great guy to give a gun too? This is less about race and more about keeping guns out of lunatic's hands. His hatred for black people is not based on say a neo-Nazi ideology. This kid is going to be diagnosed as a paranoid Schizophrenic. He has all the early signs again something I have seen first hand.
So the media gets a pass for this story, but not for ignoring all the black on white crime that is going on. It happens everywhere, including here in Boston just a few weeks ago when an Asian man and a white woman were attacked by several black teens. The media called it the "knockout game." What it was and still is, is a racist attack against white people, or in this case non-black. Now I am not saying white people aren't racist anymore. They are. Just not in the same numbers as black people which is becoming a huge problem for society if it continues. Here is video I suggest you all watch as it is dead on to everything I have said here:
http://propagandamatrix.com/articles/june2015/180615_charleston_video.htm
Black people are not the problem. White people are not the problem. Rich people are the problem. And until we get that, dweebs like Storm Roof are going to continue doing idiotic stuff as gangs of blacks get revenge against innocent white people. That has to stop because the final outcome will be very, very bad for black people as whites outnumber them 10 to one. Violence is what the elites want. Stop playing into their hands.
Then there is the TPP which passed the House today, and now goes off to iffy prospects in the Senate and the President who today said, in true politician style, "That he won't pass the bill without the TAA part, but no one said both parts had to cross his desk at the same time." Now should this monstrosity actually pass, we will have sold out this country to the corporations. You will officially live in a Neo-fascist state and all the voting in the world won't change anything then. Here are a list of every democrat that voted for this crap bill today. If you live in their district, call them up and tell them to take a flying leap and then do whatever you have to, to make sure that person loses in 2016.
Gerry Connolly D - 11 - VA 202 225 1492 @gerryconnolly
Jim Himes D - 4 - CT 202 225 5541 @jahimes
Eddie Bernice Johnson D - 30 - TX 202 225 8885 @repebj
Mike Quigley D - 5 - IL 202 225 4061 @repmikequigley
Brad Ashford D - 2 - NE 202 225 4155 @repbradashford
Ami Bera D - 7 - CA 202 225 5716 @repbera
Don Beyer D - 8 - VA 202 225 4376 @repdonbeyer
Earl Blumenauer D - 3 - OR 202 225 4811 @repblumenauer
Suzanne Bonamici D - 1 - OR 202 225 0855 @repbonamici
Jim Cooper D - 5 - TN 202 225 4311 @repjimcooper
Jim Costa D - 16 - CA 202 225 3341 @repjimcosta
Henry Cuellar D - 28 - TX 202 225 1640 @repcuellar
Susan Davis D - 53 - CA 202 225 2040 @repsusandavis
John Delaney D - 6 - MD 202 225 2721 @repjohndelaney
Suzan DelBene D - 1 - WA 202 225 6311 @repdelbene
Sam Farr D - 20 - CA 202 225 2861 @repsamfarr
Ruben Hinojosa D - 15 - TX 202 225 2531 @usrephinojosa
Derek Kilmer D - 6 - WA 202 225 5916 @repderekkilmer
Ron Kind D - 3 - WI 202 225 5506 @repronkind
Rick Larsen D - 2 - WA 202 225 2605 @repricklarsen
Greg Meeks D - 5 - NY 202 225 3461 @gregorymeeks
Beto O'Rourke D - 16 - TX 202 225 4831 @repbetoorourke
Scott Peters D - 52 - CA 202 225 0508 @repscottpeters
Jared Polis D - 2 - CO 202 225 2161 @repjaredpolis
Kathleen Rice D - 4 - NY 202 225 5516 @repkathleenrice
Kurt Schrader D - 5 - OR 202 225 5711 @repschrader
Terri Sewell D - 7 - AL 202 225 2665 @repterrisewell
Debbie Wasserman Schultz D - 23 - FL 202 225 7931 @repdwstweets
Make sure all of these traitors get the heave ho come 2016 which unfortunately may already be too late.
But all that may be moot as the Greece economic debacle continues to rattle world markets, except here as the market is up 202 points which makes no earthly sense. According to some economic experts, if the Greeks don't come up with a deal, perhaps as soon as today, they are going to default on their loan. Considering their last offer was basically "EAT ME!" to the IMF, a deal seems unlikely. If they do default, several things could happen.
The biggest issue will be the derivative and bond markets. Credit Default Swaps, which are the same bad loans that crashed the US economy in 2008, are back again with banks standing to lose trillions in liquidity overnight. Germany and France will be hit hardest and first, but that contagion will sweep the continent in days and here to the US in a week. As EU banks now have bail ins, everyone's money will be lost in a nanosecond. Imagine the anger when people find out their accounts are empty due to some rich idiot getting paid first. Revolution will be inevitable as money becomes worthless and heads of state get taken over by angry mobs. The effects here are less certain, as we still have some protections at out banks, but rest assured the Euro may tank by early July and the results are completely unknown as this has never happened before.
The fact that the Greeks have said they may never pay back their loans and try the Icelandic economic recovery method instead, may turn out to be a good thing. Iceland did everything right with debt forgiveness, throwing out the government that screwed them and arresting all the bankers who cratered there system, they now have one of the most robust economies in Earth. Greece has to see this as better than the nonsense, not going to work, ideas, they have been saddled with. And if Greece says they are not paying back their loans, what's to stop Ireland, Italy, Spain or Portugal from doing the exact same thing, especially if after a period of turmoil, Greece recovers? What will banks do when we realize we don't need them after all?
This is from investmentwatch.com:
Despite years of intervention from the rest of Europe, Greece is a bigger economic mess today than ever. Greek GDP has shrunk by 26 percent since 2008, the national debt to GDP ratio in Greece is up to a staggering 175 percent, and the unemployment rate is up above 25 percent. Greek stocks are crashing and Greek bond yields are shooting into the stratosphere. Meanwhile, the banking system is essentially on life support at this point. 400 million euros were pulled out of Greek banks on Monday alone. No matter what happens in the coming days, many believe that it is now only a matter of time before capital controls like we saw in Cyprus are imposed.
Greek Prime Minister Alexis Tsipras said he’s ready to assume responsibility for the consequences of rejecting an unfair deal with creditors.
In a sign that he’s being taken at his word, officials from the Netherlands, Portugal and Germany said they were bracing for a breakdown in talks that could roil the currency bloc.
With a viable solution “the Greek government recently elected by the Greek people will bear the cost of carrying through,” Tsipras told reporters in Athens on Wednesday. Without one, “we will assume the responsibility to say ‘the great no’ to a continuation of the catastrophic policies.”
That doesn't sound like a guy ready to back down. This is what the Bank of Greece recently said:
In a sign that he’s being taken at his word, officials from the Netherlands, Portugal and Germany said they were bracing for a breakdown in talks that could roil the currency bloc.
With a viable solution “the Greek government recently elected by the Greek people will bear the cost of carrying through,” Tsipras told reporters in Athens on Wednesday. Without one, “we will assume the responsibility to say ‘the great no’ to a continuation of the catastrophic policies.”
That doesn't sound like a guy ready to back down. This is what the Bank of Greece recently said:
Failure to reach an agreement would, on the contrary, mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country’s exit from the euro area and – most likely – from the European Union. A manageable debt crisis, as the one that we are currently addressing with the help of our partners, would snowball into an uncontrollable crisis, with great risks for the banking system and financial stability. An exit from the euro would only compound the already adverse environment, as the ensuing acute exchange rate crisis would send inflation soaring.
All this would imply deep recession, a dramatic decline in income levels, an exponential rise in unemployment and a collapse of all that the Greek economy has achieved over the years of its EU, and especially its euro area, membership. From its position as a core member of Europe, Greece would see itself relegated to the rank of a poor country in the European South.
Should an exit happen, the Euro will drop off a cliff, and the bond and derivative market will go nuts. There are 76 trillion dollars in bonds and 1.5 quadrillion dollars in the derivative market, all of which could go poof in an instant and with it, all economies world wide. China and Russia may be preparing for such an event by stockpiling gold, and when their currency craters, they will announce a new one, backed by their gold hoard which they will allow everyone to see, while we see America devolve into a third world country as our gold may not actually be here anymore. We will end as a world power and China and Russia will emerge anew. Awesome.
The more things change the more they stay the same. Everything may indeed change soon. Let us all hope it is for the better.
All this would imply deep recession, a dramatic decline in income levels, an exponential rise in unemployment and a collapse of all that the Greek economy has achieved over the years of its EU, and especially its euro area, membership. From its position as a core member of Europe, Greece would see itself relegated to the rank of a poor country in the European South.
Should an exit happen, the Euro will drop off a cliff, and the bond and derivative market will go nuts. There are 76 trillion dollars in bonds and 1.5 quadrillion dollars in the derivative market, all of which could go poof in an instant and with it, all economies world wide. China and Russia may be preparing for such an event by stockpiling gold, and when their currency craters, they will announce a new one, backed by their gold hoard which they will allow everyone to see, while we see America devolve into a third world country as our gold may not actually be here anymore. We will end as a world power and China and Russia will emerge anew. Awesome.
The more things change the more they stay the same. Everything may indeed change soon. Let us all hope it is for the better.
No comments:
Post a Comment