Excellent videos on recent Earth changes

If you find Thundering Heard at all interesting, you owe it to yourself to see this video, either on youtube:

     SOTT Earth Changes Summary – July 2014

or on vimeo. It’s a truly remarkable video summary of events on our planet during July.

And if you found that interesting, here are the summaries from the prior two months:

     SOTT Earth Changes Summary – June 2014

     SOTT Earth Changes Summary – May 2014

For those who can’t access youtube, here are links for those same June and May videos on vimeo.

SOTT.NET is doing a great job on these videos.

 

Lightning, and the Earth’s weakening magnetic field

Why lightning? Because, in articles found since July 1:

     Lightning Strikes 14 People In California

     Ball of lightning hospitalises woman and kills hundreds of pigs at farm in China

     Single lightning strike kills 45 head of Black Angus cattle on Montana ranch

     In Bashkortostan, lightning killed 101 sheep

     Two reports of lightning going inside homes and striking people down

     Family of four struck by one lightning bolt

     Second lightning strike fatality in two days at Colorado park, officials say

Four people were injured in Saturday’s strike, and eight were hurt on Friday, officials said in a news release.

For those interested, more headlines about increasingly fierce lightning since July 1 are at the bottom of this post.

From the Manifesto for this site:

This transition is not limited to things human. It reverberates through our entire energetic continuum: the Earth itself is having documented increases in earthquakes, volcanic eruptions, changing weather patterns, and extreme weather events; energy is dancing from the Sun as we’ve never seen before; even the Earth’s magnetic poles are on the move in accelerating fashion.

This is yet another manifestation of the full-spectrum energetic change we are beginning to experience. Yes, lighting strikes occur millions of times a day across the planet. But in recent months, the power of some of these strikes has clearly escalated. Single bolts are striking multiple people and are able to kill a hundred animals at a time. This is not usual.

The cause? It could be from the general increase in the power of storms documented here in several past posts. But it could also be related to this, based on the latest readings from the European Space Agency’s (ESA) satellite array called Swarm:

     Earth’s Magnetic Field Is Weakening 10 Times Faster Now

Once every few hundred thousand years the magnetic poles flip so that a compass would point south instead of north. While changes in magnetic field strength are part of this normal flipping cycle, data from Swarm have shown the field is starting to weaken faster than in the past. Previously, researchers estimated the field was weakening about 5 percent per century, but the new data revealed the field is actually weakening at 5 percent per decade, or 10 times faster than thought. As such, rather than the full flip occurring in about 2,000 years, as was predicted, the new data suggest it could happen sooner…

Earth’s magnetic field acts like a giant invisible bubble that shields the planet from the dangerous cosmic radiation spewing from the sun in the form of solar winds.

So, yet another example of acceleration and energetic change. When one combines this with the idea of an electric universe–that is, one in which electricity is present everywhere, a view that is being proven by excellent work summarized at sites like the Thunderbolts Project–then as the magnetic field weakens, our environment is being stimulated in an increasing way by the emanations of the Sun. Researches such as Mitch Battros have for years been showing an extremely high correlation between geomagnetic storms that hit the Earth and an increase in earthquakes and storms in the 24 to 72 hours that follow, as he did again this weekend at his Earth Changes Media web site:

BREAKING NEWS: Friday’s Two M-Class Flares Accelerate Ocean and Jet Stream Currents

On August 1st, two M-class flares fired off from sunspot regions 2130 and 2127, both of which were located at the Sun’s central meridian producing direct hits to Earth.

Within 24 to 48 hours of these solar storms, four tropical storms; Genevieve, Bertha, Halong, Iselle – were either produced or elevated. Within an additional 24 hours, the NOAA Tsunami Warning Center a 7.2 magnitude earthquake hit near Lorengau, Papua New Guinea at 00:22:03 UTC, August 3rd 2014.

He could haven mentioned these earthquakes as well:

     Update: At least 367 killed in southern China after strong earthquake

     USGS: Earthquake Magnitude 6.1 – Federated States of Micronesia region

So, what’s the moral of the story?

1. If you are in the vicinity of a lightning storm, don’t mess with it. Ignoring the storm based on thoughts of the low probability of being struck by lightning may no longer be a wise approach.

2. Expect further acceleration in the trends documented at Thundering Heard: extreme weather, earthquakes, magnetic pole migration, and so forth, and take whatever measures, if any, you deem appropriate.

3. Expect an increasing effect from these energetic changes on society and on you, at all levels of your being.

Here are some additional lighting links gathered since July 1:

     3,400 lightning strikes in Central Oregon – dozens of wildfires erupt

     Spanish World Cup team plane struck by lightning on way back from Brazil

     Colorado man struck by lightning while filming storm

     Severe lightning storms tear through Chicago area

     Lightning knocks Atlanta-area man clean out of his ‘smoking’ boots

     Dramatic film of lightning strikes as July storms hit the UK

     UK storms cause further disruption after lightning

     UK freak lightning & hail plunge commuters into ‘Zombie Apocalypse’

     Spectacular lightning strike filmed in New York

     Lightning storm creates terrifying nuclear bomb-style mushroom cloud above Sardinia

     ‘Whistling’ Volcanic Lightning Heard Halfway Around the World

 

 

 

A major change, Part 1

A significant change has taken place. A pressure seems to have been lifted from members of the so-called Elites. This can be seen by two effects:

1. Some of these System Controllers are taking a look around and are none too pleased with what they see.

2.  Some of them realize they can now speak more freely.

Here are some examples. The first is a set of quotes from the Chief Investment Officer of Allianz, by some metrics Europe’s largest insurer, and the third largest insurance company in the world:

The fundamental problems are not solved and everybody knows it.

Let’s hear that again:

The fundamental problems are not solved and everybody knows it.

Wow, for the last five years, one had to peruse surly blogs to hear that truth, but this is from Maximilian Zimmerer, the guy in charge of the assets for one of the 20 largest corporations in the world. He also stated that the “euro crisis is not over.” With that latter quote, he just told us that all those Euro-pols running around saying the “euro crisis is over” and “Europe has been fixed” are very mistaken and/or very full of it.

Next, someone let the Wall St Journal know that the US Federal Reserve has been railing about extreme problems at Germany’s top bank, Deutsche Bank:

In a letter to Deutsche Bank executives last December, a senior official with the New York Fed wrote that financial reports produced by some of the bank’s U.S. arms “are of low quality, inaccurate and unreliable.”

It said examiners found “material errors and poor data integrity”…The shortcomings amount to a “systemic breakdown” and “expose the firm to significant operational risk…”

So what’s the US central bank doing castigating Germany’s largest commercial bank? DB has large US operations; we showed here that half of the Fed’s money printing went to European banks, so DB probably has a lot of that cash, that is, from the Fed’s point of view, they had to bail out DB before, they don’t want to have to do it again; and, drumroll please, DB has the largest exposure to derivatives of any bank in the world. Again, what are derivatives? They are highly leveraged bets on every imaginable financial price movement. Here’s what ZeroHedge says about DB and derivatives:

Recall that as we have shown for two years in a row, Deutsche has a total derivative exposure that amounts to €55 trillion or just about $75 trillion. That’s a trillion with a T, and is about 100 times greater than the €522 billion in deposits the bank has. It is also 5x greater than the GDP of Europe and more or less the same as the GDP of… the world.

And here is that text in chart format:

So that’s Germany’s total economy in green on the left; Europe’s economy in blue in the center; and Deutsche Bank’s derivative bets in red on the right. So when it becomes clear that DB has a serious problem, it will be way too big for Germany to handle; probably way to big for Europe to handle; and possibly way too big for anyone to handle, that is, it could be game over, system down, everyone start from scratch. What the US Fed is saying is that DB’s recordkeeping and reporting is so bad that it results in “significant operational risk.” We likely won’t know till after DB goes down the tubes whether this was error or intentional obfuscation on their part. My guess is it’s probably a lot of both: their business is so huge, they have little understanding of many of its parts, some of which likely have twenty-something rogue traders putting on huge derivative bets; and they have plenty to hide.

Next, the Bank for International Settlements (BIS) has overtly questioned the sanity of just about all central banks and just about everyone participating in the financial markets. So why should anyone care? Perhaps you’ve been blessed during this lifetime and have never heard of the BIS. It is the organization that was described as follows on Bloomberg:

It was especially useful to the Nazis.

Though headed by an American during World War II, the BIS adhered to a priestly neutrality…in order to continue dealing with all sides in the conflict. Unfortunately, this put the institution squarely in the position of abetting Nazi terror.

The BIS accepted plundered gold and made it possible for Germany to acquire desperately needed war materiel. It even permitted Germany, once it had invaded Czechoslovakia, to confiscate that nation’s gold reserves.

I can just hear you saying: “Oh that BIS.” Anyway, from such disgusting beginnings, the BIS has continued its traditions and thereby has risen to be the central bank above all other central banks, that is, if you are the head of a major central bank in the world, you get a seat at the table at the BIS. Here it is, what some call the Tower of Basel, such a friendly-looking nuclear plant cooling tower place:

I’m told that if you’ve got a war to finance or a lot of drug money to launder, the BIS is your one-stop-shopping place. But I digress. In this article:

     BIS Slams “Market Euphoria”, Finds “Puzzling Disconnect” Between Economy And Market

you can find the Financial Times summary of the latest BIS Annual Report:

The Bank for International Settlements has warned that “euphoric” financial markets have become detached from the reality of a lingering post-crisis malaise, as it called for governments to ditch policies that risk stoking unsustainable asset booms.

While the global economy is struggling to escape the shadow of the crisis of 2007-09, capital markets are “extraordinarily buoyant”, the Basel-based bank said, in part because of the ultra-low-rate monetary policy being pursued around the world…calling for policy makers to halt the steady rise in debt burdens around the world and embark on reforms to boost productivity.

In its annual report, the BIS also warned of the risks brewing in emerging markets, setting out early warning indicators of possible banking crises in a number of jurisdictions, including most notably China.

So there you have it, the ultimate insider organization saying what the surly blogs have been saying for years: stock and bond markets are wildly detached from economic reality, central banks are keeping interest rates too low and printing too much money, expect banks to fail all over the world, especially in places like China, etc.

Next, speaking of bank failures, the EU, US, and UK (I think an appropriate pronounceable acronym for this particular axis of evil is EUUSUK) have decided to “show us their feelings” about bank bailouts and have come clean about their attempt to get all countries to go along with their scheme to replace bank bailouts with bail-ins, through which, if you have money in a bank that fails, they are going to steal a bunch of your money to save the bank, like they did in the test case, Cyprus:

     Bank Of England Leads Push For Deposit Confiscation – Japan, China, Russia Against Bail-Ins

They are pushing all major countries to go along with this plan for an obvious reason: Let’s say you are a global corporation or a gazillionaire and can place your money in whatever countries you choose. Why would you keep your money in countries where you could lose a lot of money in a bail-in? You wouldn’t be such a fool, of course, you’d move that money to safer countries, or into safer forms such as gold. However, the EUUSUK axis is being brutally honest here about their intent. Perhaps people living within the axis will be helped by the reluctance of the Asians and Russians to go along with this draconian plan to continue saving reckless banks by theft from regular people; but I doubt it.

Let’s call it a day and save more of this new-found realism and truth-telling for Part 2.

 

 

Unstable

Instability is accelerating in many spheres of life on Earth.

Earthquakes have accelerated beyond the record-setting pace described in Rockin’ and Rollin’ with sixteen magnitude 6.0 quakes in the first sixteen days of May. So we’re running at the rate of one major quake per day. Here’s the list:

Date/Time Magnitude Place
2014-05-16T11:01:42 6 113km NE of Grande Anse, Guadeloupe
2014-05-15T10:16:41 6.2 50km WSW of Alim, Philippines
2014-05-15T08:16:34 6.6 96km SSE of Ifalik, Micronesia
2014-05-14T20:56:13 6.1 99km SSE of Ifalik, Micronesia
2014-05-13T06:35:24 6.5 108km SSE of Punta de Burica, Panama
2014-05-12T18:38:37 6.5 Southern East Pacific Rise
2014-05-10T07:36:01 6 11km W of Tecpan de Galeana, Mexico
2014-05-08T17:00:17 6.4 15km N of Tecpan de Galeana, Mexico
2014-05-07T04:20:33 6.1 96km SW of Panguna, Papua New Guinea
2014-05-06T20:52:26 6.1 West Chile Rise
2014-05-05T11:08:43 6 9km S of Mae Lao, Thailand
2014-05-04T20:18:24 6 23km ESE of Ito, Japan
2014-05-04T09:25:14 6.1 South of the Fiji Islands
2014-05-04T09:15:53 6.6 South of the Fiji Islands
2014-05-02T08:43:37 6 70km SSE of Namlea, Indonesia
2014-05-01T06:36:35 6.6 201km WNW of Ile Hunter, New Caledonia

And Oklahoma, famous for tornadoes but hardly for quakes, has seen an incredible increase in earthquakes with a magnitude of 3.0 or greater, from about two per year from 1975-2008, to forty per year in recent years:

     What’s causing the huge spike in earthquakes in Oklahoma?

The US Geological Survey found that from 1975 to 2008, central Oklahoma experienced one to three 3.0-magnitude earthquakes a year, compared with an average of forty per year from 2009 to 2013. And it looks like that number is going to get bigger. It’s only February, and the state has already logged more than twenty-five quakes of 3.0-magnitude or larger this year, and more than 150 total quakes in the past week alone.

This instability isn’t just in the Earth’s crust. Check these real estate statistics that came out of China late last week:

  • 1st-tier cities sales fall 40% y/y (year over year)
  • 2nd-tier cities sales drop 65% y/y
  • 3rd-tier and 4th-tier cities sales decline 32% y/y

In a country where real estate development has played an outsized role in their long economic boom–and on a planet where Chinese economic growth has contributed greatly to the world not sliding off into total Depression–these dropoffs are shocking. The Chinese government has been well aware that they have a real estate bubble, and they’ve been trying to deflate it gradually, but those numbers don’t quite equate with “gradual.” Their solution to bring things back to life? What else? No money down!

     In China Homes Are Offered “Zero Money Down”

Since March, 20 property developers in Guangzhou have been offering “zero down-­payments” to attract buyers, in addition to large discounts and tax refund, the National Business Daily reported Monday.

I’m sure that will work out real well.

How big is the China real estate bubble? It turns out someone at a private business meeting surreptitiously recorded the comments on this very topic by the vice-chairman of China’s biggest property developer. He describes Chinese real estate as an epic bubble:

“In 1990, Tokyo’s total land value accounts for 63.3pc of US GDP, while Hong Kong reached 66.3pc in 1997. Now, the total land value in Beijing is 61.6pc of US GDP, a dangerous level,” said Mr Mao.

“Mr Mao said China’s house production per 1,000 head of population reached 35 in 2011. The figure is below 12 in most developed economies “even when the housing market is hot; no country has a figure of greater than 14”.

The Chinese have been so enamored of real estate that they’ve been buying lots of it in California as well:

Cash buyers reach record level of all home purchases at over 42 percent: 80 percent of all sales over past year in Irvine went to buyers from China?

In California, Chinese nationals and immigrants are “parking their cash in single-family homes,” said Meyers.

In Irvine, Calif., for example, 80% of sales over the past year were to Chinese buyers, he said.”

This is a massive amount of targeted home purchasing in one city. I’ve had a few contacts that sell homes in the Orange County market telling me that 7 out of 10 purchases were going to Chinese buyers, all with cash offers…Irvine is no small city with 230,000+ people living in the city.

These frenzies always work out so well in the long term. Sure. (Do I even need to say it to anyone considering buying residential real estate in California, where bidders now present PowerPoint presentations about their offers to the owners? Be careful out there!!!)

And speaking of China and instability, Japan and China have been rattling the war sabers, but most aren’t aware that they are in a no-holds-barred currency war, with each country struggling to take down the value of its own currency to try to make their exports cheaper in world markets. Currency wars don’t generally end well.

And China has territorial disputes not only with Japan, but with Viet Nam and the Philippines as well. We’ll cover those in a separate post on how the War Cycle is progressing.

And what about instability in the banking system. So far this year there have been sixteen high-profile banker deaths: murders by angry customers, suicides, and mystery deaths. By mystery deaths I mean deaths under very suspicious circumstances where the deceased gave no indication at all of wanting to commit suicide, for example, sending an e-mail to a spouse arranging that night’s dinner plans–just an hour before they jump out of a 30th floor window? Some of these people were involved in government investigations of their activities and so they may have known more than their employers wanted them to divulge. Or perhaps these employers–it turns out that the four largest US banks hold $680 Billion in life insurance on their individual employees–simply want to collect on some insurance policies. And trying to find out about this doesn’t work because the US regulators are calling this a “trade secret” of each of the banks:

     Suspicious Deaths Of Bankers Are Now Classified As “Trade Secrets” By Federal Regulator

Well, if anyone wants to verify any of this–though I don’t recommend it–here is a starting point:

     52 Year-Old French Banker Jumps To Her Death In Paris (After Questioning Her Superiors)

And here is the strange story of a guy who worked for the US Federal Reserve for 26 years threatening his boss, the head of a major US housing agency, with murder, apparently over a bad job review the boss gave him!?!

     Former San Fran Fed Employee Threatened To Murder Ex-FHFA Head Ed DeMarco

Stranger still is that the guy was easily released on bail.

So people seem just a bit testy in the banking and finance world. The question for the rest of us is: how much of our savings do we want in these people’s hands? You know my vote.

Instability has unexpected consequences. Some countries, such as Pakistan, are now so unstable that polio is making a comeback:

In February, the WHO found that polio had also returned to Iraq, where it spread from neighboring Syria. It is also circulating in Afghanistan (where it spread from Pakistan) and Equatorial Guinea (from neighboring Cameroon) as well as Nigeria, Ethiopia, Somalia and Kenya.

I guess those countries are on the Who’s Who list of instability.

This post could go on and on, but I’ll end with a high-quality video showing some of the earth changes and extreme weather in April:

     Signs Of Change The Past Month Or So 2014 (4) April/May

 

 

Rockin’ and Rollin’

Regarding earthquakes of magnitude 6.0 or greater, the post Earth changes statistical update said:

These days, the planet has one of these potentially damaging earthquakes on average every two and a half days…

Well we’ve just had 27 of those magnitude 6.0+ earthquakes in the last 30 days! So now we’re up to almost one per day.

If we take the strength down to the magnitude 5.1 level that rattled the nerves of plenty in Los Angeles on March 28, there have been 183 of those in the last 30 days, so that’s six per day on the planet.

If you live in an earthquake zone and have been thinking that this acceleration is no big deal, all I can say is: please reconsider your position! Literally! Or, if you want to maintain your position, ask the US Government, they know everything, tell the truth about everything, and they are certain to tell you that there is nothing to see here, move along.

That same US government refuses to fund an earthquake early warning system for California. The US Geological Survey says they can implement one for $16 million. The US can’t afford that, of course, because they are too busy buying tanks that the US Army says it doesn’t want:

     U.S. Army to Congress: No New Tanks, Please

but 42 per year are purchased anyway at more than $6 million each. Clearly Congress thinks it’s better to blow people up than to save lives.

And you might be thinking that the early warning system wouldn’t work anyway. Well, there is already one in the world that works quite nicely. In Mexico. They built it 21 years ago–after thousands died in the 1985 Mexico City earthquake. One set of system alarms is at the Mexican TV stations. Here’s a video of a Mexico City newscaster getting the warning (that siren in the background) 71 seconds before he feels the fuerte (strong) movement from yesterday’s magnitude 7.2 earthquake off the west coast of Mexico:

     Mexico Earthquake 2014 | Mexico LIVE TV News Anchor REACTION Full Footage Magnitude 7.2

For the record, California also refuses to fund that early warning system despite the fact that they are enjoying another brief budget surplus as they always do when the stock market bubbles over with Initial Public Offerings of companies that are losing money. Yes, 83% of these new stock offerings over the last three months are money-losing companies. Here’s the chart:

IPO_20140418_IPO

That almost equals the all-time record for such madness of 84% in the year 2000 during the internet/tech stock bubble. Everyone of course now agrees that that was a bubble. But of course they swore it wasn’t a bubble then. And they swear that what’s going on now in the stock market isn’t a bubble. This time it’s entirely rational. So money-losing entrepreneurs and insiders like Suckerberg are selling stock like crazy to the gullible public, filling California’s tax coffers and thus tipping the budget balance to briefly positive for the Golden State.

So, the moral of the story is: Buy the stocks of money-losing companies! There’s no stock market bubble! And don’t worry about that pesky acceleration of earthquakes. Stay put right on those active faults. Your results should be at least as good as shown in this video. I’m sure the peace-loving US Congress guarantees it.

 

 

Actual democracy

How often do you hear of a referendum where there is huge voter turnout and 90% vote in favor? We just saw two, both with the theme of secession:

     Crimeans vote in referendum on whether to break away from Ukraine, join Russia

Crimean election Spokesman Mikhail Malyshev said the final result was 96.77 percent to rejoin Russia and 2.51 percent against.

That was with an 83% voter turnout.

     Venice votes to split from Italy as 89% of the city’s residents opt to form a new independent state

In Venice, 73% of eligible voters cast ballots. The last time even 60% of voters turned out for a US Presidential election was 1968.

And it’s fairly clear that, despite attempts to quash it by the national government, Catalonia will vote to secede from Spain on November 9:

     Spain Says Catalonia Can’t Vote for Independence, But Catalans Will Go Ahead Anyway

Last September 11, Catalonia’s national day, hundreds of thousands of Catalans formed a vast human chain across the region to call for independence.

According to a site that tracks all of the current wars on the planet, there are 33 other states working to gain independence from their national government. That’s in addition to the 534 militias-guerrillas and separatist groups who are actively fighting their own national government in 60 countries.

Perhaps people are just a bit tired of the confiscation of a huge chunk of their earnings by massive government bureaucracies that: use that money to spy on their own citizens; pass laws that clearly favor their interests over the interests of the people, including laws that apply to regular citizens but not to the lawmakers; jail people for stealing $500 from a convenience store but give rich cronies like Jon Corzine a free pass when they try to steal a billion dollars; start wars ruining countless lives and costing trillions of dollars, indebting current and future generations, wars that very few people want:

     Americans Think the Afghanistan War Was a Mistake, Just Like All the Other Wars Since 1950

It took two years or less for public opinion to turn on the wars in Korea, Vietnam, and Iraq.

that pad their own salaries when regular people are struggling, as shown here:

Fed_V_Civilian

When benefits such as health care and pensions are included, the federal compensation advantage over private workers is even larger, according to the BEA data. In 2012, federal worker compensation averaged…74 percent more than the private-sector average.

that create trade agreements such as the TPP, written in secret by corporate lobbyists, covered here by Bill Moyers:

     The Top Secret Trade Deal You Need to Know About

that continue playing global power games while people in the US lose basic services:

     US Prepares To Provide A Billion To Ukraine As Detroit Plans Mass Water Shutoffs Over $260 Million

Oh how, as we all know all too well, this list could go on and on. The more the powermongers try to centralize all control, the more they are creating resistance as people rightfully try to bring real governance back to their communities. Charles Hugh Smith has been doing some excellent writing recently on how the huge lumbering centralized structures created by government are a very poor match for the complexity (and speed, I would add) of today’s world (The Incompetence of the Federal Reserve and Deep State Is Unavoidable):

The incompetence of these organizations is not a reflection of the competence or intelligence of their managers–it is the intrinsic consequence of their limited control of complex systems. If the system has reached the point of being ungovernable, even the most brilliant and experienced managers will fail because it’s not the managers who are incompetent, it’s the organization itself that is incompetent.

I consider this move toward secession to be trend, not anomaly. Expect acceleration. In these votes for secession, people are getting just the smallest taste of actual democracy, so–and this is the true anomaly in today’s world where the political process has been captured by large corporations known as political parties, giving many people the correct idea that their vote counts for little or nothing–the turnouts are huge and the votes decisive.

I would go even farther: Today’s political process is intentionally designed to funnel the beautiful and brilliant energy of people’s good will–via voting where the choices are poor, monetary contributions, letter-writing campaigns, emotional attachments to issues and politicians, etc–into a black hole of ineffectiveness so the power elites can exercise ever-increasing control. They will fail spectacularly.

 

 

 

 

 

 

 

More shackles readied for deployment

Darth Summers made a speech on Nov. 8 to a gathering of economists at the IMF. My guess is that they had Darth (OK, Larry) give the speech because he doesn’t currently hold a position with any institution that could then be blamed and hated for the policy promoted in the speech. (Here’s the speech, though I don’t recommend it.) However, I think it wise to consider the speech an official announcement of the latest wicked that this way comes.

The policy is that savers will soon be hit with negative interest rates. Now Larry didn’t say this directly, he slithered around it and offered the “clear justification” for it. But in reviews of what his admirers called a “brilliant” speech, the admirers were quite clear in their understanding: negative interest rates…in cashless society! That was the full policy implication.

So people would have to pay the bank interest on their own savings. So if the negative interest rate were -3%, if you had $100 in your account, you’d have to pay the bank $3 in interest. And just in case anyone had any ideas of getting their savings out of the banks, well, get their savings out into what? In a cashless society, your money would simply be an electronic entry in an account. Getting your money “out” would mean spending it. Which is the problem that Summers and his fiends say they are trying to solve: how to get people to spend, spend, spend their money. They say there isn’t enough “aggregate demand.” Don’t have any money? Then borrow some, it’s really cheap. But in any case, spend!

Of course, this would also mean that when the government borrows money, the interest rate would be negative for them as well. The more money they borrowed, the more money they would collect as the lenders paid them interest!

Now it goes without saying, though I’ll say it anyway, that if you went to borrow some money, this negative interest rate thing would not apply to you. You’d still have to pay interest on your loan. This negative thing would only be for them, that is, the banks and governments. Oh, and large corporations, how could I leave them out. But not you or me. Whether borrower or lender be, either way, we’d have to pay. Know what the average interest rate consumers are paying on their $846 billion in outstanding credit card debt? 13%. Do you think the banks are going to give up that bonanza?

Now any rational person might think: They’ll never do it! Negative interest rates would wreck every pension fund in the world. And so they would: pension funds are all dependent on collecting interest to meet their future obligations. But too bad. If people can’t collect pensions, then they’ll have to stay in the workforce. And with all that competition for jobs, companies can pay lower and lower and lower wages. Why do you think they outsource work across the world! Do you think this paragraph goes to far? Then consider this: Collecting Donations For Wal-Mart Employees That Cannot Afford Thanksgiving Dinner?

At the Wal-mart on Atlantic Boulevard in Canton, Ohio employees are being asked to donate food items so that other employees that cannot afford to buy Thanksgiving dinner will be able to enjoy one too.

So, they think that taxing people’s savings, both in their bank accounts and in their pensions, will get the economy on a sound footing again. Because that’s what these policies are, they are taxes, part paid to government and part to the banks. So why don’t they just say that? Two reasons: first, people tend to get angry about new taxes and they tend to vote out whoever levies new taxes; and, the group at the Summers speech are economists, and all economists know that raising taxes squelches economic growth. So they can’t call it a tax or everyone would point out that the policy is anti-growth. Which it is. But logic left the room of mainstream economics years ago. They maintain their lofty positions as Machiavelli advised: they serve their governing masters well. So these policies have nothing to do with logic. The governing masters keeping their power, that’s what it’s all about. And these economists know who spreads the caviar on their toast points. These policies are designed only to preserve the powermonger status quo.

Plus, they are fairly sure it will be a long time before the public catches on. They can just repeat over and over that this is for jobs and growth, and the majority, desperate for good news, will believe it. And in this ploy, the economists are likely correct. They have been engaged in multi-$trillion Quantitative Easing (money printing) for years and, according to a Reuters poll, three quarters of Americans don’t even know what QE is. And people weren’t asked to explain it, they were given a multiple choice question, so 20% could have answered correctly just by random choice!

Twelve percent of respondents thought QE was a computer-assisted program that the Fed uses to manipulate the dollar. Another 11 percent thought it was part of the Dodd-Frank Wall Street reform legislation enacted following the crisis.

So the economists of The Powers That Be figure they can obfuscate their way through just about anything.

So let’s get this straight. These thieves want to steal people’s savings and pensions. So that people must remain as wage slaves till they drop, filling a growing labor pool being paid wages that are declining in all of the developed economies. And they’ll be great fodder for the upcoming war economy, grateful for the opportunity to build weapons that kill in better and better ways. While the rich and powerful get more caviar, as shown on the chart below. The dark brown line is the average stock price of retail for the rich: Tiffany, Coach, and LVMH. Those stocks have risen 500% since their 2009 lows and are over 30% above their former peak in 2007. The blue line is Macy’s, Kohl’s, and JC Penney, where the disappearing middle class shops. Those stocks are up 100% since 2009 and are still 30% below their former peak in 2007:

QE effect on shoppers

That is a great demonstration of who is receiving all that newly printed money and who is not. These folks want more slaves. And the ability to bomb into chaos any region that does not offer up its people into the slave pool.