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36% of American Workers Have Savings of Less Than $1,000


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#11 AChartist

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Posted 02 May 2014 - 03:41 PM

I saw the numbers that median 401k balance is $2,000, average is $49,000.

There solution appears to be to take anything above 3M which I don't know how
much that is but would be vaporized is seconds of beltway fraud and waste and they
start working down the food chain.

I talked about this a year, I am always way ahead of observations.



The DOW has closed above the logarithmic detrended downtrend line
signaling the hyperinflation move.

Noticing food is up 20% in one quarter will be double in one year, I imagine it was
already at 100% over last five years, so it may be at 200% by the end of this year.

How importing inflation works, all nations are net sellers of treasuries since
the orwellian crime wave was verifiable by direct observation, Libya.

Now new demand from doubling consumer credit lines is going into falling world dollar trade volumes,
the producer nations dont want and rapidly have to respend and return all the funny credit units back to the US
before they lose value. They generally do this by
selling the dollars and treasuries for US stocks and real estate ( the bundy ranch ).

Apparently there is big expansions of consumer credit lines nationally, in typical
antitrust fashion. Time for (s)elections and also a war timing signal.

The doubled volume of consumer credit is going into the producer nations,
competing with other currencies for goods.

All this rises prices. Before the orwellian crime wave, all nations wanted the
dollars for their goods, now the dollar is bid down, prices bid up. It will take a lot
more dollars to attract producer goods away from other currencies and trade
pacts. Many new international trade pacts have been formed among nations
in the past two years to cut out the dollar.

The satanic operation in Ukriane will probably shut dollar demand down another
huge notch. ( I was wondering how I met polish soldiers training here last year ).

It is probably ok to use credit NOW to get what is needed for survival before
prices double within one year. Critical items only, long term storage food etc.
You do not report food stocks on the bankruptcy means test for example, it
is critical to know what slaves are allowed to own and keep.

But only if the chapter 7 bankruptcy means test is fully understood, such that
property is structured into exempt status and within communist spending
allowances, and willing to do it at the right moment.

Here is the means test and many more resources need studied to find all sorts of hidden and implied "statute".
It probably works out such that any slave at less than 65k income is already
taxed into chapter 7 bankruptcy and doesnt know it and should file. But preparation is necessary to structure property
into exempt status and within spending allowances.

http://www.nolo.com/...lity-29907.html

http://www.legalcons...tcy/means-test/

It looks like this will be needed late 2015.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#12 AChartist

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Posted 02 May 2014 - 09:57 PM

Here is a good reference to a topic I was into before, LB Bork, The Red Amendment.

This link has a few of his essays for a look of what is in the book.

http://sonsofliberty...ment-solutions/


I really liked this video, one of the lead guys is Menard. Very informative.




This stuff to me is what it is all about. Coming down to the wire in the next year or so. LB Bork says the freemen are going about it the wrong
way, to fight the system with their knowledge of law, because the system is anti-law.
Very easy to get tricked up in private society legal language, lawful and legal are opposites. You don't get room for error with practice.
LB Bork says the lawful remedy is written right into the US code.

I may have to do something with this, concentrate on this in the next year, coming down to the wire, notice the acceleration of
cadence since 2012 election, they are on a timeline. I would favor the Bork method. My trigger point is the first default of SS,
onshoring war, or when $2300 SS buy equivalent of $230 food, whichever comes first.

"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#13 diogenes227

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Posted 03 May 2014 - 10:56 AM

:o

Single-payer health care, a 14.25 tax surcharge on all wealth of more than $10 million, and no more wars -- Donald Trump "The America We Deserve", 1999.

AND THEN HE WENT AS CRAZY AS THE CRAZIES HE CRITICIZED

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#14 stocks

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Posted 20 May 2014 - 06:15 AM

Dear Keynesians: Your Sad Devotion to Your Failed Religion Hasn't Conjured Up a Recovery--Here's Why

That any schoolkid could predict eliminating feedback and consequences will lead to a series of disastrously poor choices by speculators and imprudent borrowers doesn't register with the Keynesian Cargo Cult.


How Malinvestment Poisons the Entire Economy

Artificially low interest rates and restricted inventory causes builders to focus on higher priced houses we don’t really need

Malinvestments arise when credit is cheap and abundant, as it costs speculators very little to borrow money for gambles, and they can in essence buy lottery tickets in the asset bubble of the day without having any skin in the game, i.e. without having to put any of their own money at risk.




Source: http://ochousingnews.../#ixzz32FlYQUAL

-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#15 stocks

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Posted 26 May 2014 - 10:48 PM

Dear Keynesians: Your Sad Devotion to Your Failed Religion Hasn't Conjured Up a Recovery--Here's Why

That any schoolkid could predict eliminating feedback and consequences will lead to a series of disastrously poor choices by speculators and imprudent borrowers doesn't register with the Keynesian Cargo Cult.


How Malinvestment Poisons the Entire Economy

Artificially low interest rates and restricted inventory causes builders to focus on higher priced houses we don’t really need

Malinvestments arise when credit is cheap and abundant, as it costs speculators very little to borrow money for gambles, and they can in essence buy lottery tickets in the asset bubble of the day without having any skin in the game, i.e. without having to put any of their own money at risk.

Source: http://ochousingnews.../#ixzz32FlYQUAL


What we've learned about how systems respond when feedback and information is limited or suppressed.


This is one of the key insights of Nassim Taleb's work on black swans and risk. In manipulating systems to maintain a steady-state of financial stability, the Federal Reserve and the central state have doomed the entire system to collapse.

The same can be said of a political system that suppresses dissent, punishes whistleblowers and treats its entire citizenry as potential enemies of the state: the greater the suppression of dissent and transparency, the greater the certainty of eventual crisis and collapse.

In effect, the central state/bank insure the economy and society have lost the ability to respond positively to volatility and stress. Suppressing dissent and volatility guarantee systemic failure and collapse.

Taleb explained why in the June 2011 issue of Foreign Affairs: “Complex systems that have artificially suppressed volatility become extremely fragile, while at the same time exhibiting no visible risks.”

As Taleb has explained, the very act of suppressing volatility and dissent renders systems extremely prone to large-scale disruptions that are viewed as low-probability events, the infamous “black swans.”



http://www.oftwomind...issent5-14.html

-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#16 stocks

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Posted 28 May 2014 - 09:07 AM

Easy Real Estate Financing, More Fun for the 0.1%

Blackstone just received $792 million worth of financing at a blended rate of 1.548%.

This is a non-recourse loan. If the market sours, Blackstone can just walk if the 6,537 renters turn into a lynch mob. To cover their losses, investors would have to foreclose on these 6,537 houses, with angry occupants, in 10 states and facing 10 attorney generals. It would take years to foreclose, if ever.

The fees to lawyers, managers, receivers, executors, etc., would eat up all income, while the underlying assets deteriorate. Yet, fixed income investors are willing to receive a measly 1.5% return for this risk. Go figure.


When the next correction comes, even if it is just a meager 10% depreciation in prices, there will be no TARP big enough to bail out the system.

http://www.acting-ma...0769#more-30769

-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#17 stocks

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Posted 14 June 2014 - 07:28 AM

Dear Keynesians: Your Sad Devotion to Your Failed Religion Hasn't Conjured Up a Recovery--Here's Why

That any schoolkid could predict eliminating feedback and consequences will lead to a series of disastrously poor choices by speculators and imprudent borrowers doesn't register with the Keynesian Cargo Cult.

The central premise of the Keynesian Cargo Cult is that this mechanism of making it cheap and easy to borrow money will work a kind of magic


Why Does Keynesian Fantasyland Persist?

The power of Keynes is that it gives not just politicians and economists but ordinary people the hope that they can continue doing what they are doing without making the wrenching changes that they desperately fear they must make. Just sit back and let us do a bit of stimulus here, and a bit of quantitative easing there, and presto, it's recovery summer! Because everyone wants to keep doing what they are doing until there is no longer any possible hope to continue in the old way.

The orthodox Austrian explanation of the business cycle centers on the idea that a recession is an inevitable consequence of the previous easy credit boom, because investments that looked solid in the boom are suddenly revealed as malinvestments. Thus the people and resources marshalled into the lines of business now revealed as malinvestments must be liquidated, sooner or later. But nobody wants to hear that! They don't want to confront what they know they must eventually do. They want to continue in the old ways, and they sensibly elect politicians that will let them do it.



http://roadtothemidd...ynes-is-us.html

-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#18 stocks

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Posted 30 June 2014 - 09:20 AM

Dear Keynesians: Your Sad Devotion to Your Failed Religion Hasn't Conjured Up a Recovery--Here's Why

That any schoolkid could predict eliminating feedback and consequences will lead to a series of disastrously poor choices by speculators and imprudent borrowers doesn't register with the Keynesian Cargo Cult.

The central premise of the Keynesian Cargo Cult is that this mechanism of making it cheap and easy to borrow money will work a kind of magic


Why Does Keynesian Fantasyland Persist?

The power of Keynes is that it gives not just politicians and economists but ordinary people the hope that they can continue doing what they are doing without making the wrenching changes that they desperately fear they must make. Just sit back and let us do a bit of stimulus here, and a bit of quantitative easing there, and presto, it's recovery summer! Because everyone wants to keep doing what they are doing until there is no longer any possible hope to continue in the old way.


The moral hazard of central banking

Central banks like our own federal reserve exist to promote moral hazard. Central banks seek to make recessions less painful by making money cheap and plentiful. If they print enough money, and steal from anyone with stored wealth, they can buoy nominal prices of most asset classes and make recessions less economically painful for those who deserve to feel the most pain — stupid speculators.

With each round of economic intervention, the people who are bailed out learn that the consequences for their wild and irresponsible risk taking isn’t as bad as they thought. In fact, after a few cycles, it becomes widely known that any irresponsible risk taking will be bailed out by the central bank. People respond to incentives, and if people realize they have huge potential rewards for wild risk taking and limited potential for downside risk, people take ever wilder and more irresponsible risks. That is the essence of moral hazard, and every policy of central banks nurture moral hazard into larger and larger financial catastrophes.


Source: http://ochousingnews.../#ixzz368GGi5xa

-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#19 stocks

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Posted 23 April 2015 - 06:15 PM

It's not the 1%, it's the .1%

For years, I've been making the same embarrassing mistake about U.S. economic inequality. Sorry.

It turns out that wealth inequality isn't about the 1 percent v. the 99 percent at all. It's about the 0.1 percent v. the 99.9 percent (or, really, the 0.01 percent vs. the 99.99 percent, if you like). Long-story-short is that this group, comprised mostly of bankers and CEOs, is riding the stock market to pick up extraordinary investment income. And it's this investment income, rather than ordinary earned income, that's creating this extraordinary wealth gap.


The website Celebrity Net Worth pegs Chelsea Clinton’s personal fortune at $15 million, with most of her dough earned as a consultant at McKinsey & Co. and by working for Avenue Capital Investment Group.

The site estimates [husband Marc] Mezvinsky, 36, is also worth $15 million, which he made as an investment banker at Goldman Sachs and while working at the hedge fund 3G Capital and at a hedge fund he co-founded in 2011…

Bill and Hillary Clinton are reportedly now worth somewhere in the range of $100 million to $200 million.

(note: A similar post could be written about the Bush family.)

http://www.inquisitr...ortune-already/

Edited by stocks, 23 April 2015 - 06:21 PM.

-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#20 stocks

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Posted 02 August 2015 - 07:16 AM

I have said it many times in these pages: economic growth in the U.S. economy can only occur when the general standard of living for the average American improves. Sadly, each day, we see more and more evidence suggesting the opposite.
-

-Why Does Keynesian Fantasyland Persist?

The power of Keynes is that it gives not just politicians and economists but ordinary people the hope that they can continue doing what they are doing without making the wrenching changes that they desperately fear they must make. Just sit back and let us do a bit of stimulus here, and a bit of quantitative easing there, and presto, it's recovery summer! Because everyone wants to keep doing what they are doing until there is no longer any possible hope to continue in the old way.

The orthodox Austrian explanation of the business cycle centers on the idea that a recession is an inevitable consequence of the previous easy credit boom, because investments that looked solid in the boom are suddenly revealed as malinvestments. Thus the people and resources marshalled into the lines of business now revealed as malinvestments must be liquidated, sooner or later. But nobody wants to hear that! They don't want to confront what they know they must eventually do. They want to continue in the old ways, and they sensibly elect politicians that will let them do it.


Bill Gross: Low interest rates have created 'zombies' instead of curing the economy

The mechanism of creative destruction, the heart of capitalistic progress, has been neutralized, with old or ailing companies on life support and new investment stifled.

Cheap debt has kept near-death companies alive

Years of low interest rates have gradually created a horde of zombie corporations, and central banks need to realize that near-zero rates aren't a cure for what ails the economy, wrote Bill Gross in his most recent letter to investors.


http://www.morningst...he-economy.html

-- -

Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.