Globalists Are Telling Us Exactly What Disasters They're Planning For The Economy

https://www.zerohedge.com/news/2018-07-10/globalists-are-telling-us-exactly-what-disasters-theyre-planning-economy


Globalists Are Telling Us Exactly What Disasters They're Planning For The Economy




[size=10]by Tyler Durden
Tue, 07/10/2018 - 21:45[/size]



Authored by Brandon Smith via Alt-Market.com,
originally published at Birch Gold Group
Years ago when analysts used the term “globalist, there was an immediate recognition among liberty advocates as to who they were referring to. This was back when the movement for small government, the non-aggression principle and true free markets was small but growing. These days, it’s difficult to gauge how many liberty groups there are or even if they know what small government and the non-aggression principle represent, let alone what makes a “globalist” a globalist.

There are a lot of new and very green members to the push for freedom, and a lot of them seem to think “MAGA” is the pinnacle of the movement’s philosophy. But MAGA doesn’t represent much of anything tangible. Making America great again is not a plan, it’s just a goal. Or even less, just a catch phrase. Without concrete plans, the notion of achieving a goal is laughable.
Make no mistake, the globalists have concrete plans, some of them simple, some of them rather elaborate.
But who are the “globalists”? There’s really no secret to it: ANY person or institution that promotes the philosophy of global centralization of economic or political power into the hands of a select few is probably globalist.
There is no specific nationality, ethnic group or religious group that makes up the globalist hierarchy. They come from every part of the world and from every conceivable background. They have their private clubs like the Bilderberg Group and the Bohemian Club. They also have their own institutional frameworks, like the Council on Foreign Relations, the Trilateral Commission, the Tavistock Institute, the International Monetary Fund, the Bank for International Settlements, etc. But, these are all distractions and misdirections.
At the core of their organization is the desire for total power, built upon full blown narcissism and sociopathy leading to naive notions that godhood, for them, is attainable.
Now, one might assume these globalists would never restrain themselves with such a thing as “rules of etiquette”; that chaos is their sole strategy. However, this is not entirely accurate. From my observations, it appears that they do follow some rules. One of those rules seems to be this: For whatever reason, they willingly and openly volunteer their plans or reveal future outcomes to the public for consumption before they implement those plans or trigger those outcomes.
The rationale behind this could be any number of things. Perhaps it is a method of gloating. Or, being high level narcissists, they would psychologically be in the habit of hinting at the crimes they plan to commit and then view our lack of reaction as “permission” to go forward. My theory – it is a combination of both, as well as the idea that revealing a plan and then enacting a plan without resistance gives that plan even more power than if it had been kept strictly hidden.
What the globalists want, ultimately, is public acceptance and submission to their authority. They don’t want to have to operate from behind the curtain. They are narcissists. They don’t like hiding.
What are some examples of this behavior?
In 2007, the Bank for International Settlements issued a public “warning” that loose monetary policy by central banks had created a dangerous credit bubble that would result in a global Great Depression. Of course, being the “central bank of central banks” and the moderator of all central bank policy, the BIS itself was well positioned to create such a crisis. Only months later the crash occurred, and we are still suffering the consequences.
In January of 2017, globalist George Soros “predicted” that Donald Trump would use his presidency to launch a trade war with China, and that this trade war would drive Europe and China closer together as political and economic allies while US influence wanes. This year, the US has indeed entered into a trade war with China as tariffs escalate and greater threats to Chinese investment in American markets percolate. And, China and major EU governments like Germany are indeed establishing much closer ties than ever before.
Whether or not US influence “wanes” remains to be seen.  Considering the number of banking elites roaming the halls of the White House, I think it is obviously possible that they could make Soros’ predictions a reality with or without Trump’s cooperation. The globalists sabotage from within, causing the exact disasters they publicly predict, then escape as the blame is laid in the laps of predetermined scapegoats like “populists”.
And this habit of openly acknowledging their own impending crimes continues today. In the past year alone, the IMF, BIS, WTO, as well as numerous individual globalists have given warning as to what is about to happen economically and geopolitically in the near future.
The IMF is warning that trade tensions threaten to undermine economic confidence and global growth as the globalists that infest that institution play on the false narrative that the world has been in “economic recovery”. The truth is that we never recovered from the 2008 crash, and that all semblance of recovery was fabricated by central bank stimulus measures — the same measures that central banks around the world are now shutting down.
At the end of 2017, the BIS warned that economies were “overheating”, and that this trend was dangerously similar to the conditions of 2008 just before the credit crash. Suddenly, the term “stagflation”, a threat alternative analysts like myself were warning about for years, is being discussed broadly in the mainstream media. Not only that, but central bankers are using the threat of inflationary pressures as an excuse to continue raising interest rates and cutting their balance sheets – actions which they know full well will cause the next stock market crash.
Jerome Powell, the new head of the Federal Reserve, clearly warned of this danger back in 2012 as exposed in recently released Fed meeting transcripts. And yet, he is taking these actions anyway. If this doesn’t prove the duplicitous nature of the Fed as a predictor of the very crises it then creates, I don’t know what does.
Is it not convenient for the globalists that their predictions of crisis fail to mention that the central banks which they control are facilitating the very conditions by which a crash can occur? You see, globalists are perfectly happy to tell you in advance what is about to happen, but they are never going to tell you truth about WHY it happened.
It is likely that on top of the reasons already discussed, these elitists happily admit to their schemes because they think there is nothing anyone can do about them anyway. While preventing an economic disaster is impossible at this stage, it is not true that nothing can be done about the outcome.
As always, the primary solution is to not be dependent on the system, and if globalists try to make you dependent, then you should be prepared to get rid of them. Decentralized economies based on localism first are the answer. If globalists want to deny us the means of production, then we should learn how to produce and manufacture necessary goods ourselves. If globalists want us to depend on their international supply chains for resources, then we should develop our own supply chains and our own resource base at the local level.
In terms of financial protection, the answer is also clear – central banks in nations like China and Russia are stockpiling precious metals at an unprecedented rate. Here again, globalist institutions controlled by the BIS are telling us exactly what is about to happen. With the US slated to enter a steep decline, and stagflationary dangers looming, major players are moving into gold and to some extent silver. It only makes sense that the common man, while he is still able, place a percentage of his savings into these commodities as well.
With tangible commodities in hand, backed by the stability of localized trade, any community could weather the storm of a fiscal downturn. Without these things, survival is far less certain. The very despots that have the ability to cause a collapse are telling us a collapse is about to happen. It is time to take the matter seriously, and prepare accordingly.
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https://www.zerohedge.com/news/2018-07-10/derivatives-trading-legend-signal-iceberg-dead-ahead

Derivatives Trading Legend: "This Is The Signal That An Iceberg Is Dead Ahead"




[size=10]by Tyler Durden
Tue, 07/10/2018 - 21:38Twitter




After building out Merrill's mortgage trading floor basically from scratch, then moving to the buyside at Pimco, one year ago Harley Bassman, more familiar to Wall Street traders as the "Convexity Maven" - a legend in the realm of derivatives (he helped design the MOVE Index, better known as the VIX for government bonds) - decided to retire (roughly one year after his shocking suggestion that the Fed should devalue the dollar by buying gold).
But that did not mean he would stop writing, and just a few days after exiting the front door at 650 Newport Center Drive in Newport Beach for the last time, Bassman started writing analyst reports as a "free man", in which the topics were, not surprisingly, rates, derivatives, cross asset interplay and, of course, convexity.
And, in his latest note, Bassman takes on a topic that has become especially dear to the Fed and most market observers: the continued flattening of the yield curve, the timing of the next recession, and what everyone is looking but fails to see, or - as he puts it - what is truly different this time.
Bassman's full thoughts below:
The Path Forward
Let me offer a follow-up comment related to "Catch A Wave" from June 29, 2018. The Yield Curve, as described as the difference between the T2yr vs T10yr rates, will not invert until near the December FOMC meeting.  This is when to start the clock for the typical 18-month lead-time to a recession (sometime in mid-2020).

As such, I am not bearish on SPX; the front-loaded corporate tax cuts will provide near-term support for earnings while the debt balloon is deferred to the Millennials (who to their chagrin, forgot vote).
The most common push-back questions why not just execute the steepener (long 2s vs short 10s) in spot (or forward) space:  Positive carry and no option cost. The other frequent comment asks:  Why now?  If the curve will not invert until December, one should just wait until then for a better entry level.
My answer is "yes" on both counts, those are much better executions if you have certainty; but I am not so confident. 
While we are now quite familiar with Trump's negotiating style of 'bluster and retreat', it is quite possible that foreign leaders may actually take him seriously.  Thus, similar to how WW1 was the unintended conflict, a global trade war could be the unfortunate result of clashing egos which will accelerate the risk calendar.
As such, I am willing to pay a few pennies to effectively own a three-year option two years forward via the purchase of a full term five-year option. Additionally, using options (instead of futures or swaps) offers a limited-loss risk profile with more leverage and the comfort of not being stopped out.
Others have commented that "it's different this time"; that QE and unique FED policies will negate the inverted Yield Curve signal for a recession.  Indeed it is different this time: Historically the Curve has inverted from the FED jamming their policy rate higher; in contrast, this next inversion seems to be driven by the back-end coming down.
Asset prices are a signal, such a pity that sometimes this information cannot be discerned until after the fact. 
What is truly different this time is that past inversions have rotated around a ~5%-rate while this time we will rotate around a ~3%-rate. 
The signal that an iceberg is ahead is NOT that the FED is jamming the Yield Curve flatter, but rather that long-term interest rates have declined by 30bps through the most recent FED hike; and that this is occurring despite massively expanding supply thanks to Quantitative Tightening (QT) and the Tax Package.
Market pundits like to say: "They don't ring a bell at the top".  My retort is that they do, you are just not listening.


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