How are they keep this dying patient, the economy, together?
Perhaps we are long past the point of an organic, “real” economy. Instead, autotrading and artificial intelligence appears to be auto-investing into the stock market and other parts of the economy in order to keep it afloat.
Meanwhile, the individual will be increasingly barred from using cash, and forced onto a digital, tracking system.
Matthew McKinley of Texas Shrugged Books explains why he thinks that the system hasn’t crashed yet in spite of overwhelming systemic problems, and plenty of room for crisis.
Basically, everything is rigged, and we are at the mercy of a more organized, data-loving computer.
I am sick of the talking heads who all swore up and down that 2016 would be the year of collapse, and of course, it didn’t happen. All of these talking heads are so arrogant, they can never admit they were wrong. Saying “I was wrong” allows one to stop running down the wrong path, reassess, and find the right track. In my opinion some form of A.I. and supercomputer is injecting the system with “printed” money so nothing really fails. I am not just talking about banks. I think, at this point, “regular industry” of a certain size is also getting these magic funds. This is almost the only way to explain how nothing has really failed since 2009. This magic show will go on for as long as the rest of the world still covets our fake monopoly money painted green. So, if no group of countries begin using real money or any other way of rejecting the dollar by bartering locally for example, this system will go on that long. It could be another decade I just don’t know at this point, but it cannot go on forever. A system based on lies, manipulation, and fakery can’t go on forever.
So, is a supercomputer running the economy? Is that the big secret as to why things stay afloat – ultimately making the system more and more dominated by technology.
Things have been awfully shaky, and as McKinley argues, it only makes sense that a different kind of manipulation is taking place to keep things afloat.
Today’s financial ‘ecosystem’ is a set up for unfair advantage to those playing a game controlled by high frequency trading (run by automated computer algorithms) and secret ‘dark pool’ investors, as Ramsay sees it... the market is rigged against retail investors, has questioned the tactics involved in using algorithms to buy and sell shares in fractions of a second.
Financial trading expert and critic Max Keiser called the entire system a hologram, capable of masking deflation and inflation through the feedback loop of these computer algorithms, programmed behind the scenes to manipulate for human interests:
In place of reliable price signals (based on the supply and demand of buying and selling) we have price signals that are generated by computer algorithms; i.e., computers executing program trading, high frequency trading and algorithmic trading — that account for up to 70% of the trading activity on the NYSE (or 100%, if you consider any shares traded — not involved in program trading — can’t buck the pricing monopoly of the computers).
Program traders have a virtually infinite line of credit, pay virtually zero commissions, and are backed by banks on Wall St. with strong political connections who are ready to bail out any losing bets these computers make.
Plus, the computers are able to do something normal buyers and sellers can’t do. They can pick a price they want a security to trade at and then fill in all the necessary trading volume needed to get the price of the security to that point. In other words, you can program computers to rig markets.
High frequency trading – done in milliseconds by computers working on behalf of quasi-anonymous, dark pool investors – has already outpaced any/all human trading, certainly for the average schmo.
Things are not what they seem; it isn’t your granddaddy’s financial market.
Real money no longer exists, and the rest of us are trapped inside of a system of debt slavery, fake news and bad info, and rule by fake money.
“Real money no longer exists, and the rest of us are trapped inside of a system of debt slavery, fake news and bad info, and rule by fake money.”
Duh! it took you this long to figure it out? Wait till the PM people discover the same thing.
The sky has fallen and we are OK. Let’s get on and deal with life.
TEST
on March 11, 2017 at 6:00 pm
“The sky has fallen and we are ok?”
Really? 100mm not working is “ok?” 48mm or so on food stamps is “ok?? Dr. Lawrence Kotlioff saying that we are $222 TRILLION in total unfunded promises is “ok?? $1.2 trillion is student debt, all to fund a degree in 18th C. Belgian Lesbian Musicology is ok? Turning the nation into a financial Detroit is OK? As Porter Stansberry has said about people that take your position, in 2008 we DID have a collapse similar to 1929 – it was just papered over – GM went bankrupt, Lehman died, AIG basically died – all you say that is “all ok?” Sorry, but I respectfully think you are totally off base. And the PM people HAVE found out – and continue to realize that if something cannot continue forever, it won’t.
We are Wiley E. Coyote after he has run off the cliff, and is looking at the camera, wide-eyed, with his feet still running… just before he drops to the bottom of the canyon.
Respectfully submitted, Rellik, if you think this can or will continue, by all means keep fully invested. And good luck to ya! You might even make it a number of years further in your “new era” and your “this time is different.”
As Horace (65 – 8 BC) said about you types two millenia ago, , “you can drive nature (financial reality) out with a pitchfork, she will nevertheless come back.“
Kevin2
on March 12, 2017 at 11:49 am
TEST
I have been with rare exception (SWHC) out of the market a year before the crash of 08. I lost one hell of a ride up not understanding the ability to re-inflate the bubble when its pure fiat currency. There were some restraints in 1929 with a gold backed currency.
I’m not jumping back in now but I an getting an education, costly at that, how the fantasy economic world can continuously pull off sight of hand magic. So far those that took the opposite position of mine made out very handsomely.
Azrael
on March 13, 2017 at 1:12 pm
I don’t like posting links, but I think many here will like this. Got it from a co-worker. BTW we are both working on an automated trading station with deep learning. Not quite HFT though. It’s a good way to sharpen coding skills.
art cashen once said on CNBS, “the market will do whatever it takes to take the most amount of money, from the most amount of people”…now THERE’s a RARE bit of truth.
rellik
on March 10, 2017 at 6:54 pm
You don’t barter much do you?
Remember you have to live with
your neighbors, so treat them
with respect.
buttcrackofdoom
on March 10, 2017 at 10:13 pm
rellik, are you on the bottle again?
TEST
on March 11, 2017 at 6:01 pm
Rellik, this is much better than your other comment, IMHO. Very good comment on barter. Good post.
He was NEVER married to Barbara Eden of “I Dream of Jeannie.” Not sure where you got your info, but it is wrong.
Barbara Eden’s real name was:Barbara Jean Morehead
And these were her 3 spouses.
Spouse (3)
Jon Eicholtz (5 January 1991 – present)
Charles Donald Fegert (3 September 1977 – 1983) (divorced)
Michael Ansara (17 January 1958 – 25 May 1974) (divorced
Link: http://www.imdb.com/name/nm0001174/bio
***I know you all like Facts rather than Fake News or BS, Just clearing the air.
Where I got my info is, they lived near by us, but, I was a little kid.
__
Zeus
on March 10, 2017 at 7:16 pm
The only safe haven in this economy is you having your household fully paid for, paid off, and you are fully out of debt, and some sort of multiple revenue streams. The rest of the economy is cooked, and baked. They are printing money, and flooding the market with cash, or I should say digital fake money and wealth.
PM’s are manipulated. These bastards need to hang.
Warchild Dammit!
on March 10, 2017 at 7:38 pm
The underground cash/barter economy plays a huge role in keeping economy going.The best part is you to a degree starve the beast on the tax end while making a living and keep other folks going the same way.
Sure,you buy anything new will be paying in some sort of taxes for finished product is taxed along the way to completion but keeps economy going.
They try a cashless society will see a huge drop in productivity and the buying of new goods/will be a hacker paradise and still there will be a economy,will be all sorts of alt currency,in many ways look forward to this.
Zeus
on March 10, 2017 at 7:41 pm
Hey Durango Kiddy, go to Minute 22:00 of the Video and listen carefully. Chinese Yuan Backed by GOLD!!!
Slobesky O'gorki
on March 10, 2017 at 8:41 pm
It is after all, their system of things. Economic reality is what they will craft it to be, and it is well enough that the little people do not understand how this system of things is always conspiring to take more and more of the fruits of their labours. There is nothing to be done about the way it all unfolds, except to continue to buy cheap and stack deep, live small/lose small, and debt-free. Best not to be vested in the rat race, and live in such a way so as to be able to walk away from this iniquity.
Real Deal
on March 11, 2017 at 7:40 am
90% of professional traders don’t beat the market. The average person should buy Index Funds.
Faux Liberte'
on March 11, 2017 at 8:43 am
How do you wall in people? Easy. One brick at a time.
I’m afraid debt free is not going to matter, much. Even debt free requires access to goods and services. If those exist in the near future. Who knows?
Some of us are pretty much hardened against the myriad of BS that we are being threatened with. We know it that it starts and ends with how we think and react. We watch in awe at the inner workings of the circus around us and it’s affect on average citizens.
Every night I light up a cigar and take a walk outside. It is so quiet and peaceful. I am thankful to have spent another good day on this earth. I am humbled to be lucky to be living in a country, that despite it’s misgivings, is far better than most places.
I think its time that most folks start working on their bucket lists of experiences so they can remove regret.
“One last time.”
“Just one more visit.”
“Maybe it’s time I actually climb that hill.”
You get the point. We know the ides of march (amongst other things) approach. So be it. We’ll deal with it when the time arrives. In the meanwhile, don’t forget to enjoy the calm before the storm.
Kevin2
on March 11, 2017 at 12:13 pm
Interestingly we’re continuously being sold the idea that we should not just accept “Free Trade”( regardless of its obvious devastating effect on the middle class) but actually welcome it because we believe in Free Market Capitalism, when the entire system is rigged and has no actual resemblance to a Free Market. Like the the Physician who scorns organized labor yet accepts the AMA controlling the supply side of supply and demand with controlling the number of Medical School admissions its absolutely acceptable when it works in the special groups favor.
They lied to us about Santa Claus, Easter Bunny, Tooth Fairy and Civics 101.
GTFOOH its all bullshit.
Agent76
on March 12, 2017 at 9:13 am
Mar 11, 2017 Ep. 234: Trump Lauds Job Statistics He Once Impugned
Why do politicians and the media talking heads preach a dogma that unaffordable stocks are “good”, but that unaffordable health insurance is “bad”?
Brent H
on March 12, 2017 at 12:34 pm
Why do politicians and the media talking heads preach a dogma that unaffordable stocks are “good”, but that unaffordable health insurance is “bad”?
Darcy McDiggle
on March 12, 2017 at 1:10 pm
What makes a stock ‘unaffordable’? There are penny stocks that are for sale, if one is so inclined to buy them.
Health insurance, on the other hand, is never sold for mere pennies, unless your income is low enough for a Medicare subsidy (which pays for health insurance plans that enrich the health insurance corporations).
Zickster
on March 13, 2017 at 7:33 pm
You are correct about the economic Guru’s and their forcast’s.
Their love for money is so great that it blinds them
to other obvious planetary problems we face as they fear to
lose their $ positions. Deliberate or not…. blindness is not
acceptable excuse for those claiming expertise.
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“Real money no longer exists, and the rest of us are trapped inside of a system of debt slavery, fake news and bad info, and rule by fake money.”
Duh! it took you this long to figure it out? Wait till the PM people discover the same thing.
The sky has fallen and we are OK. Let’s get on and deal with life.
“The sky has fallen and we are ok?”
Really? 100mm not working is “ok?” 48mm or so on food stamps is “ok?? Dr. Lawrence Kotlioff saying that we are $222 TRILLION in total unfunded promises is “ok?? $1.2 trillion is student debt, all to fund a degree in 18th C. Belgian Lesbian Musicology is ok? Turning the nation into a financial Detroit is OK? As Porter Stansberry has said about people that take your position, in 2008 we DID have a collapse similar to 1929 – it was just papered over – GM went bankrupt, Lehman died, AIG basically died – all you say that is “all ok?” Sorry, but I respectfully think you are totally off base. And the PM people HAVE found out – and continue to realize that if something cannot continue forever, it won’t.
We are Wiley E. Coyote after he has run off the cliff, and is looking at the camera, wide-eyed, with his feet still running… just before he drops to the bottom of the canyon.
Respectfully submitted, Rellik, if you think this can or will continue, by all means keep fully invested. And good luck to ya! You might even make it a number of years further in your “new era” and your “this time is different.”
As Horace (65 – 8 BC) said about you types two millenia ago, , “you can drive nature (financial reality) out with a pitchfork, she will nevertheless come back.“
TEST
I have been with rare exception (SWHC) out of the market a year before the crash of 08. I lost one hell of a ride up not understanding the ability to re-inflate the bubble when its pure fiat currency. There were some restraints in 1929 with a gold backed currency.
I’m not jumping back in now but I an getting an education, costly at that, how the fantasy economic world can continuously pull off sight of hand magic. So far those that took the opposite position of mine made out very handsomely.
I don’t like posting links, but I think many here will like this. Got it from a co-worker. BTW we are both working on an automated trading station with deep learning. Not quite HFT though. It’s a good way to sharpen coding skills.
Link is only a chart about Money.
https://xkcd.com/980/huge/#x=-2528&y=-4544&z=2
art cashen once said on CNBS, “the market will do whatever it takes to take the most amount of money, from the most amount of people”…now THERE’s a RARE bit of truth.
You don’t barter much do you?
Remember you have to live with
your neighbors, so treat them
with respect.
rellik, are you on the bottle again?
Rellik, this is much better than your other comment, IMHO. Very good comment on barter. Good post.
Hey B of CA. Back a few articles. Tonto on the Lone Ranger show’s name was Jay Silverheels – https://en.wikipedia.org/wiki/Jay_Silverheels
He was NEVER married to Barbara Eden of “I Dream of Jeannie.” Not sure where you got your info, but it is wrong.
Barbara Eden’s real name was:Barbara Jean Morehead
And these were her 3 spouses.
Spouse (3)
Jon Eicholtz (5 January 1991 – present)
Charles Donald Fegert (3 September 1977 – 1983) (divorced)
Michael Ansara (17 January 1958 – 25 May 1974) (divorced
Link: http://www.imdb.com/name/nm0001174/bio
***I know you all like Facts rather than Fake News or BS, Just clearing the air.
Zeus:
Got him mixed up with Michael Ansara who played an Indian, Cochise, on “Broken Arrow”.
__ yes, you are correct.
__
Zeus:
Where I got my info is, they lived near by us, but, I was a little kid.
__
The only safe haven in this economy is you having your household fully paid for, paid off, and you are fully out of debt, and some sort of multiple revenue streams. The rest of the economy is cooked, and baked. They are printing money, and flooding the market with cash, or I should say digital fake money and wealth.
PM’s are manipulated. These bastards need to hang.
The underground cash/barter economy plays a huge role in keeping economy going.The best part is you to a degree starve the beast on the tax end while making a living and keep other folks going the same way.
Sure,you buy anything new will be paying in some sort of taxes for finished product is taxed along the way to completion but keeps economy going.
They try a cashless society will see a huge drop in productivity and the buying of new goods/will be a hacker paradise and still there will be a economy,will be all sorts of alt currency,in many ways look forward to this.
Hey Durango Kiddy, go to Minute 22:00 of the Video and listen carefully. Chinese Yuan Backed by GOLD!!!
It is after all, their system of things. Economic reality is what they will craft it to be, and it is well enough that the little people do not understand how this system of things is always conspiring to take more and more of the fruits of their labours. There is nothing to be done about the way it all unfolds, except to continue to buy cheap and stack deep, live small/lose small, and debt-free. Best not to be vested in the rat race, and live in such a way so as to be able to walk away from this iniquity.
90% of professional traders don’t beat the market. The average person should buy Index Funds.
How do you wall in people? Easy. One brick at a time.
I’m afraid debt free is not going to matter, much. Even debt free requires access to goods and services. If those exist in the near future. Who knows?
Some of us are pretty much hardened against the myriad of BS that we are being threatened with. We know it that it starts and ends with how we think and react. We watch in awe at the inner workings of the circus around us and it’s affect on average citizens.
Every night I light up a cigar and take a walk outside. It is so quiet and peaceful. I am thankful to have spent another good day on this earth. I am humbled to be lucky to be living in a country, that despite it’s misgivings, is far better than most places.
I think its time that most folks start working on their bucket lists of experiences so they can remove regret.
“One last time.”
“Just one more visit.”
“Maybe it’s time I actually climb that hill.”
You get the point. We know the ides of march (amongst other things) approach. So be it. We’ll deal with it when the time arrives. In the meanwhile, don’t forget to enjoy the calm before the storm.
Interestingly we’re continuously being sold the idea that we should not just accept “Free Trade”( regardless of its obvious devastating effect on the middle class) but actually welcome it because we believe in Free Market Capitalism, when the entire system is rigged and has no actual resemblance to a Free Market. Like the the Physician who scorns organized labor yet accepts the AMA controlling the supply side of supply and demand with controlling the number of Medical School admissions its absolutely acceptable when it works in the special groups favor.
They lied to us about Santa Claus, Easter Bunny, Tooth Fairy and Civics 101.
GTFOOH its all bullshit.
Mar 11, 2017 Ep. 234: Trump Lauds Job Statistics He Once Impugned
The Peter Schiff Show Podcast – Episode 234
https://youtu.be/6Xy3UjR37Lg
Why do politicians and the media talking heads preach a dogma that unaffordable stocks are “good”, but that unaffordable health insurance is “bad”?
Why do politicians and the media talking heads preach a dogma that unaffordable stocks are “good”, but that unaffordable health insurance is “bad”?
What makes a stock ‘unaffordable’? There are penny stocks that are for sale, if one is so inclined to buy them.
Health insurance, on the other hand, is never sold for mere pennies, unless your income is low enough for a Medicare subsidy (which pays for health insurance plans that enrich the health insurance corporations).
You are correct about the economic Guru’s and their forcast’s.
Their love for money is so great that it blinds them
to other obvious planetary problems we face as they fear to
lose their $ positions. Deliberate or not…. blindness is not
acceptable excuse for those claiming expertise.