Friday, October 18, 2019

Reflections on Libra

I am doing a philosophical reflection blog thing. I will put a 'more' button so you can skip it.

Alex Jones uncovers FBI plot to assassinate Trump!

Warns of Deep State assassination

Claims whistle blower part of plot. Alex is one of those intellectuals with the fuzzy look, like Bannon.  He does this rolled up sleeve, blue collar thing.  The dufas of American fall for it, sort of the Rachel Maddow for worker stiffs.

Turkey buys a lot of arms

Trump’s Capitulation to Erdogan Is Complete
The ‘cease-fire’ between the U.S. and Turkey probably won’t hold and definitely won’t make Syria more stable.
This is about recovering Euro wide arms sales, especially the F35 production losses.  Our military is hurting, nothing works right and costs going forward to deal with drones appeared, like yesterday.  We are suck selling yesterday's weapons none of which now work as advertised against the drones. And a bunch of which, like new carriers and F35, never really worked.

Trump will be running with the economic doldrums and a government slowly crowding out more and more private sector. He is trying to recreate the 1950s, the era of American hegemony. He caught himself in a trap.

Russia has the same problem, as does Turkey.  Soon the battle space over the region will be filled with hunter drones, warding off expensive and piloted jet aircraft.

Where was Turkey during Normandy?

Turkey remained neutral until the final stages of World War II and tried to maintain an equal distance between both the Axis and the Allies until February 1945, when Turkey entered the war on the side of the Allies against Germany and Japan. ... No Turkish troops ever saw combat.
Turkey is not a NATO nation, never was. At this point, Russia's Putin is the man on the spot. 

Erdogan got involved in Hillary's makeover plot

Kurdish-Led Forces Were Used as Wedge Between US and Turkey, Expert Says
The alliance between the United States and Kurdish-led forces to defeat the ISIS terrorist group in Syria has had a damaging impact on the United States’ relationship with Turkey in a region threatened by Iranian and Russian hegemony, according to an expert.Erbil Gunasti, who formerly worked under Turkish President Recep Tayyip Erdogen and is the author of an upcoming book, “GameChanger,” is of the opinion that President Donald Trump distanced himself from the Kurdish People’s Protection Unit (YPG) in a bid to win over Erdogan.
It all happened starting around 2010 when Hillary promoted the Arab spring.

Erdogan went along because Assad was supposed to be deposed. Instead we got ISIS and that meant relying on the Kurds and implicitly supporting Assad.

Russia is not the hegemon, Russia is  a large nation 800 miles to the north which pays a price for middle east nonsense.  Putin was correct in reversing the Hillary nonsense, but that left a few million mohuumerdudes stranded in Turkey. That is the problem, the Kurds are a side show. Erdogan wants something to show for the Hillary mess.

Assad and the Allrighties have won, let Russia mediate the post war negotiations.

Thursday, October 17, 2019

What about Syria?

Deal between US, Turkey spawns more questions than answers

If the VP of the USA can singlehandedly give away Syrian territory, then Hillary could have had  Joe Biden do it ten years ago.

Compatible with most prayer bots

"Click To Pray eRosary"

The Vatican is leaping into the 21st century, and that means the Pope wants to track your prayers through a wearable smart device that links to a smartphone, reported Vatican News.

The Pope's Worldwide Prayer Network launched the "Click To Pray eRosary" device and a smartphone app at a press conference on Tuesday in the halls of the Vatican.
Fire up your prayer app, declare your worries, and a prayer bot will take over, allocating Hail Mary's and Our Fathers in sufficient quantity to reserve your spot in the web-o-god.

Hillary mismanagement

The Mess in Syria:

It all started with the Arab spring and US support for the overthrow of Assad in and about 2010-2011 time frame.

Ron Paul:

Interventionists will do anything to prevent US troops from ever coming home, and their favorite tactic is promoting “mission creep.” As President Trump Tweeted, we were told in 2014 by President Obama that the US military would go into Syria for just 30 days to save the Yazidi minority that they claimed were threatened. Then that mission crept into “we must fight ISIS” and so the US military continued to illegally occupy and bomb Syria for five more years.
Hillary had no business getting involved with Arab spring or taking sides.  She was a big part of the mess in Syria, one of your typical mass murdering liberals in the mold of LBJ.  Trump made a sound decision, get out before yet another bunch of dumbfuck American cause more problems. The last thing we need is a senator from Wyoming thinking he can spread American rural morality word wide.

Sudden stop?

This little-known recession indicator is now sending investors and consumers a warning

We have two measures of economic confidence. One emphasizes the personal issues, the other specifies the aggregate issues. At some point the mass thinks they are personally in trouble but everyone else is doing OK.  Right now everyone is down personally but thinks the economy is OK, a sign of impending demand shortfall, a sudden stop.

MMT time

The Hoisinton report as picked up by Mish.
Here is the conclusion:
The global over indebtedness has clearly restrained growth, and therefore has had a profound disinflationary impact on every major economic sector of the world. This fact, coupled with an overzealous U.S. Central Bank have created the conditions for an economic contraction in the U.S. and abroad. This has also created a worldwide decline in inflation and inflationary expectations. It is therefore unsurprising that record lows in long term interest rates have been established in all major economic regions. A quick and dramatic shift toward greater accommodation by the Fed could begin to shift momentum from contraction toward expansion. However, policy lags are long and slow to develop, therefore despite the remarkable decline in long term yields this year, we are maintaining our long duration holdings. A shift towards shorter duration portfolios would be appropriate when the forward-looking indicators of expansion, in the U.S. and abroad, begin to appear.
They are saying debt overhang.  Lags in monetary policy are the same as inertia caused by the primary dealer program which allocates debt in the short to medium term. The debt slinging system will not balance long term, over the monetary cycle.  It is MMT time.