Tag Archives: WWIII

Bits and Pieces – 20171215, Friday

WWIII: The following article provides a summary of the multinational military activity in the wars in Iraq and Syria. The accuracy of the numbers may be questioned but the key point is that this is a global war. It is notable that Canada’s role has been omitted: World War in Syria and Iraq (MAP).

Bits and Pieces – 20171205, Monday

Commentary: While politicians, bureaucrats, the media and the general public are obsessing over the impact of anthropogenic CO2 on the climate and a segment of the climate science industry is busy trying to make models and data agree with the political agenda, other climate scientists are studying a much broader range of factors that are affecting our climate.

Bits and Pieces – 20171117, Friday

Commentary: In Bits and Pieces – 20170731, Monday, I discussed why Bitcoin can’t be considered to be a currency. Martin Armstrong, in discussion of the “petrodllar” (Is the Dollar Really a Petrodollar anymore?), lists its key features:

  1. it can be used worldwide without permission from the USA as is the case with the Japanese yen;
  2. it is a single currency with a single federal debt market where BIG money can park – that is not the case for the Euro, Ruble, or Yuan.

Bits and Pieces – 20171108, Wednesday

Commentary: I see little chance that the power struggle in the Saudi royal family will spill over into something larger. The parallel might be Turkey where Erdogan consolidated power to become a virtual dictator. Here is an article that has a different point of view although it is unsupported: Making Sense Of Saudi’s ‘Game Of Thobes’. And here are a couple of articles on the struggle, Saudi Arabia Is About To Confiscate $33 Billion From Four Of Its Richest People. Perhaps the last word is: Real Motive Behind Saudi Purge Emerges: $800 Billion In Confiscated Assets.

Bits and Pieces – 20171020, Friday

 

Commentary: After publishing my last commentary, Bits and Pieces – 20171013, Friday, I came across this video by Gordon T. Long: UnderTheLens – 09 21 17 – OCTOBER – Coming “Nationalization” of Markets. It subsumes my comments with the exception of the scenario of how the Fed might take over the US stock market. In the 26 minutes, he does a much more thorough job of documenting how central banks globally are the dominant players in many capital markets such as sovereign bonds, and are rapidly becoming the dominant players in stock markets.

In the case of stocks, where their “printed money” has gone is a puzzle. If they print a billion dollars and buy a billion worth of equities in the market, the money goes into the accounts of the sellers. What do the sellers do with it? Do they use it to ‘walk the market higher’ isolating the new money in the market or do they take it out and move it into the economy causing inflationary pressures?

Already, in some sovereign bond markets, there is a liquidity problem, Investment funds and pension funds have traditionally used sovereign bonds as a a stable, low-risk component of their portfolios. These institutions are finding that they can’t get the bonds they require because the governments are mopping them up. The other problem is that these are not free markets and proper risk and price discovery simply can’t happen. Given the global history of sovereign defaults, particularly by the top economies, a zero interest or negative rate sovereign bond is simply not pricing in the real, if small, risk of a sovereign default. With central bank taking over ownership in these markets the risk of default is rising because so far, current monetary policy is proving to be a one way street.

Bits and Pieces – 20171013, Friday

Commentary: Here is an argument why there will be no market crash this fall. Although the precursors for earlier crashes have been equaled or exceeded, the Fed will intervene to prevent one from happening.

Here’s the background. The Swiss National Bank has bought $80 billion in US stocks: The Swiss National Bank Owns $80 Billion In U.S. Stocks — Here’s The Catch. The Bank of Japan currently owns 44.7% of all JGBs (government bonds) issued: Japan JGBs held by BoJ. The ECB has been buying large quantities of sovereign debt but also corporate bonds ($1.4 trillion euros as of Feb. 2017: An update: Sovereign bond holdings in the euro area – the impact of QE). Zero Hedge reported that Janet Yellen, in addressing the House Finances Service Committee, noted that the Fed by its charter cannot buy stocks but congress can easily change this: Janet Yellen On The Fed Buying Stocks: “Maybe In The Future, Down The Line…”.

Bits and Pieces – 20170924, Sunday

Commentary: A favourite theme, the impermanence of democracy, is discussed in this article: The Sandcastle. We are near the end for this cycle.

Bits and Pieces – 20170909, Saturday

Commentary: A little unfocused this week. If you’re a goldbug, listen to Andrew Maguire: Whistleblower Andrew Maguire Exposed 14 Days Ago ‘Vampire Squid’ Goldman Sachs Was Moving In For The Kill. Maguire Now Says Admission By Goldman’s Currie Is A Big Deal.I think it was back in July when I  (I hope) drew attention to an earlier interview with him. Anyone who paid attention and purchased call options on GLD and SLV has done very well.

He is talking about a reset of the price of gold to significantly higher levels. Jim Rickards recently did a podcast selling his investment letter with a headline of $10,000 gold based on the premise of a global currency reset to a gold-backed scheme. A plausible argument but I’m not trading it.

Bits and Pieces – 20170901, Friday

Commentary: As food for thought, consider: Two New Totalitarian Movements: Radical Islam and Political Correctness. The former idea is not new new to readers of this blog but the latter may be. Rather it is a popular manifestation of totalitarian thought and practice in the West.

Civil Unrest: An Intimate History of Antifa. Also others are commenting on the rise of violence in division: The Rising Trend of Civil Unrest and Threats of political violence rise in polarized Trump era. Martin Armstron also comments: Extreme Left & Extreme Right Believe in the Same Thing – Oppress all Opposition. Finally, you won’t hear about this on the CBC: FBI, DHS Officially Classify Antifa Activities As “Domestic Terrorist Violence”.

Martin Armstrong identifies an aspect of the civil war in the US at the political level when he notes that Trump has been under continuous attack since he became president: Trying to Force Trump to Resign.

Bits and Pieces – 20170818, Friday

Commentary: I have commented briefly in the past about the evolution of retail in North America and the impact on urban development. Small town, even small city Ontario has seen its municipal core hollowed out and decay as small retailers vanished to be replaced by big box retailers and shopping malls on municipal outskirts where roads allowed access from a wider  dispersed population of suburban and rural dwellers. The collapse of shopping malls has been well documented in the US over the last year in particular. This corresponds with the collapse of the bricks and mortar retailers who are approaching or who have entered chapter 11. As an example, read: State of Retail: JCPenny Plunges, Now a “Penny” Stock; Amazon to Blame?

This week a new a new phase has been recognized as the end point of this process: Battle of the Behemoths, and Amazon and Walmart Battle for Retail’s Future. We have seen reports of towns in fly-over America where the Walmart has closed leaving citizens with no local source of products, especially food.

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