Bartering may only be a replacement for failed systems. It might be handy to have an agreement with folks to run on an "I owe you one" system rather than trading darts. 

<div class="md"><p>Bartering may only be a replacement for failed systems. It might be handy to have an agreement with folks to run on an &quot;I owe you one&quot; system rather than trading darts. </p>
</div>

The Myth of Barter

Trump wants a crash to benefit the ultra wealthy

>Talk of bubbles in tech or AI, or in investment strategies focused on growth and momentum, obscures the mother of all bubbles in US markets. Thoroughly dominating the mind space of global investors, America is over-owned, overvalued and overhyped to a degree never seen before. As with all bubbles, it is hard to know when this one will deflate, or what will trigger its decline. But I will sketch out some of the possible scenarios in my next column.


<div class="md"><blockquote>
<p>Talk of bubbles in tech or AI, or in investment strategies focused on growth and momentum, obscures the mother of all bubbles in US markets. Thoroughly dominating the mind space of global investors, America is over-owned, overvalued and overhyped to a degree never seen before. As with all bubbles, it is hard to know when this one will deflate, or what will trigger its decline. But I will sketch out some of the possible scenarios in my next column.</p>
</blockquote>
</div>

The mother of all bubbles

>Broad economic systems are like cars. They run great at first, but over time they become less efficient until they eventually need to be replaced. Examples include the slave system of Rome, the feudal system of Medieval Europe, and our own modern capitalist economic system.

>A historical pattern emerges when these economic systems lapse into chaos. During such times, pandemics such as the Antonine Plague or the Black Death expose the authorities' faults. Fresh communications technologies, such as the bound book or the printing press, amplify those faults. Finally, when people stop allowing authority to define reality for them, new perspectives abound. During the Fall of Rome, monotheism reshaped the popular conception of reality of that time. During the late Middle Ages, Copernicus’ heliocentric model of the solar system did the same.

There are links in the linked article. Linkception.

<div class="md"><blockquote>
<p>Broad economic systems are like cars. They run great at first, but over time they become less efficient until they eventually need to be replaced. Examples include the slave system of Rome, the feudal system of Medieval Europe, and our own modern capitalist economic system.</p>

<p>A historical pattern emerges when these economic systems lapse into chaos. During such times, pandemics such as the Antonine Plague or the Black Death expose the authorities&#39; faults. Fresh communications technologies, such as the bound book or the printing press, amplify those faults. Finally, when people stop allowing authority to define reality for them, new perspectives abound. During the Fall of Rome, monotheism reshaped the popular conception of reality of that time. During the late Middle Ages, Copernicus’ heliocentric model of the solar system did the same.</p>
</blockquote>

<p>There are links in the linked article. Linkception.</p>
</div>

The Coming Inversion

>In late September, Trump and his three sons – Donald Jr, Eric, and Barron – unveiled his latest entrepreneurial endeavour, World Liberty Financial. Billed as a decentralised finance (DeFi) money market platform, this new venture introduced a proprietary cryptocurrency dubbed $WLFI.

>Although details of the new venture are unclear, many pro-crypto enthusiasts see this as a nod of support for digital currencies from the incoming Trump administration.

>The venture has drawn criticism from some experts in the DeFi sector for possible conflicts of interest and the fact that the venture was launched during the 2024 presidential campaign.

Ready for the possibility of a wannabe dictator's version of Ecoin brought to you by his kids?

https://www.reddit.com/r/MrRobot/comments/16ojxop/what_was_the_point_of_ecoin/

<div class="md"><blockquote>
<p>In late September, Trump and his three sons – Donald Jr, Eric, and Barron – unveiled his latest entrepreneurial endeavour, World Liberty Financial. Billed as a decentralised finance (DeFi) money market platform, this new venture introduced a proprietary cryptocurrency dubbed $WLFI.</p>

<p>Although details of the new venture are unclear, many pro-crypto enthusiasts see this as a nod of support for digital currencies from the incoming Trump administration.</p>

<p>The venture has drawn criticism from some experts in the DeFi sector for possible conflicts of interest and the fact that the venture was launched during the 2024 presidential campaign.</p>
</blockquote>

<p>Ready for the possibility of a wannabe dictator&#39;s version of Ecoin brought to you by his kids?</p>

<p><a href="https://www.reddit.com/r/MrRobot/comments/16ojxop/what_was_the_point_of_ecoin/">https://www.reddit.com/r/MrRobot/comments/16ojxop/what_was_the_point_of_ecoin/</a></p>
</div>

New details of Trump family crypto project released, including who can buy in  

Prophecies of Doom: How the Seeds of Self-Destruction Are Baked into Capitalism

>The Smoot-Hawley Tariff may not have caused the Great Depression, but the passage of the tariff certainly exacerbated it; the tariff did not help end the inequities of this period and ultimately caused more suffering. Smoot-Hawley provoked a storm of foreign retaliatory measures, and it became a symbol of the 1930s' "beggar-thy-neighbor" policies, designed to improve one's own lot at the expense of others. 

As the chaos snorts Adderall from the ass of Orange Julius as he promises to start a massive trade war that echoes the link, his kids launched a crypto coin three weeks before the election called World Liberty Financial. 

>In late September, Trump and his three sons – Donald Jr, Eric, and Barron – unveiled his latest entrepreneurial endeavour, World Liberty Financial. Billed as a decentralised finance (DeFi) money market platform, this new venture introduced a proprietary cryptocurrency dubbed $WLFI.

>Although details of the new venture are unclear, many pro-crypto enthusiasts see this as a nod of support for digital currencies from the incoming Trump administration.

>The venture has drawn criticism from some experts in the DeFi sector for possible conflicts of interest and the fact that the venture was launched during the 2024 presidential campaign.

Where the fuck are we headed?

<div class="md"><blockquote>
<p>The Smoot-Hawley Tariff may not have caused the Great Depression, but the passage of the tariff certainly exacerbated it; the tariff did not help end the inequities of this period and ultimately caused more suffering. Smoot-Hawley provoked a storm of foreign retaliatory measures, and it became a symbol of the 1930s&#39; &quot;beggar-thy-neighbor&quot; policies, designed to improve one&#39;s own lot at the expense of others. </p>
</blockquote>

<p>As the chaos snorts Adderall from the ass of Orange Julius as he promises to start a massive trade war that echoes the link, his kids launched a crypto coin three weeks before the election called World Liberty Financial. </p>

<blockquote>
<p>In late September, Trump and his three sons – Donald Jr, Eric, and Barron – unveiled his latest entrepreneurial endeavour, World Liberty Financial. Billed as a decentralised finance (DeFi) money market platform, this new venture introduced a proprietary cryptocurrency dubbed $WLFI.</p>

<p>Although details of the new venture are unclear, many pro-crypto enthusiasts see this as a nod of support for digital currencies from the incoming Trump administration.</p>

<p>The venture has drawn criticism from some experts in the DeFi sector for possible conflicts of interest and the fact that the venture was launched during the 2024 presidential campaign.</p>
</blockquote>

<p>Where the fuck are we headed?</p>
</div>

The Smoot-Hawley Tariff Led to a Dramatic Decline in US Trade

What you are not being told about the Drought and Coming Famine

Is a Global Economic Crash Required to Trigger a Social Reset?

Roaring Kitty Shows Prices Are Fake and Markets Broken 📝🦍

Just the cost of doing business... 

>Overall, since 2014, Luke states the U.S. has moved away from being financed by stable, politically motivated creditors like global central banks to relying more on private, profit-seeking entities in tax havens.

>This is worrying because this trend is part of what a country experiences in their transition to banana republic- not only do they shift the issuance of their bonds to the short end, but the makeup of investors who buy their bonds changes also. Hedge funds, family offices, and other professional investors come in to buy and trade bills and short term bonds, but most of these firms won’t hold them for the long term. The pension funds leave, and the traders fill their place.

>This is happening as the U.S. moves past the Monetary Event Horizon, something I discussed in a piece with the same name last July. This is a concept I created for the financial point of no return- where the financial gravity of the debt grows so large that not even the powerful U.S. Treasury can escape. Functionally, there can be multiple event horizons: the point at which annual debt growth exceeds GDP growth, or when debt to GDP exceeds 120% (something Hindenburg Research found has caused an inflationary crisis or depression in 54 out of 55 countries in the last 150 years, with the only exception being Japan), or when interest on the debt exceeds tax receipts.

>Each of these are progressively worse event horizons, with the last one being crucial since it means the debt will functionally NEVER be paid off.

<div class="md"><blockquote>
<p>Overall, since 2014, Luke states the U.S. has moved away from being financed by stable, politically motivated creditors like global central banks to relying more on private, profit-seeking entities in tax havens.</p>

<p>This is worrying because this trend is part of what a country experiences in their transition to banana republic- not only do they shift the issuance of their bonds to the short end, but the makeup of investors who buy their bonds changes also. Hedge funds, family offices, and other professional investors come in to buy and trade bills and short term bonds, but most of these firms won’t hold them for the long term. The pension funds leave, and the traders fill their place.</p>

<p>This is happening as the U.S. moves past the Monetary Event Horizon, something I discussed in a piece with the same name last July. This is a concept I created for the financial point of no return- where the financial gravity of the debt grows so large that not even the powerful U.S. Treasury can escape. Functionally, there can be multiple event horizons: the point at which annual debt growth exceeds GDP growth, or when debt to GDP exceeds 120% (something Hindenburg Research found has caused an inflationary crisis or depression in 54 out of 55 countries in the last 150 years, with the only exception being Japan), or when interest on the debt exceeds tax receipts.</p>

<p>Each of these are progressively worse event horizons, with the last one being crucial since it means the debt will functionally NEVER be paid off.</p>
</blockquote>
</div>

Past the Event Horizon

>Through 15 rounds of disposals, US rules have required Buffett to disclose trades within a few days. But a regulatory filing Thursday shows the stake is now small enough that Buffett may provide updates quarterly — potentially leaving fellow shareholders in the dark for months if he sells further. 

>That may quiet a drama that keeps weighing on the minds of investors.

Does the Oracle of Omaha see something that others saw over three years ago..?

https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/?utm_medium=android_app&utm_source=share

<div class="md"><blockquote>
<p>Through 15 rounds of disposals, US rules have required Buffett to disclose trades within a few days. But a regulatory filing Thursday shows the stake is now small enough that Buffett may provide updates quarterly — potentially leaving fellow shareholders in the dark for months if he sells further. </p>

<p>That may quiet a drama that keeps weighing on the minds of investors.</p>
</blockquote>

<p>Does the Oracle of Omaha see something that others saw over three years ago..?</p>

<p><a href="https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/?utm_medium=android_app&amp;utm_source=share">https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/?utm_medium=android_app&amp;utm_source=share</a></p>
</div>

Warren Buffett cuts stake in Bank of America below 10%, trade updates may slow to quarterly basis

>When the surge in index futures exceeded gains in the underlying stocks on Friday, it imposed paper losses on some quants’ hedging positions, according to Liangkui Asset. When brokerages closed the short positions, they pushed the index futures further up along with investors betting on a further rally, worsening the short squeeze, it said.

China is injecting cash to help their markets, which could be problematic for firms who are shorting the Chinese markets. 

<div class="md"><blockquote>
<p>When the surge in index futures exceeded gains in the underlying stocks on Friday, it imposed paper losses on some quants’ hedging positions, according to Liangkui Asset. When brokerages closed the short positions, they pushed the index futures further up along with investors betting on a further rally, worsening the short squeeze, it said.</p>
</blockquote>

<p>China is injecting cash to help their markets, which could be problematic for firms who are shorting the Chinese markets. </p>
</div>

Quant Hedge Funds Face More Margin Calls as Chinese Stocks Surge

>These cuts are a form of stealth easing. As I’ve covered in depth in Stealth QE, central banks have been busy finding new ways of being accommodative without doing so on the surface. With inflation globally hitting multi-decade highs in 2022, the monetary elites needed to find a way to appear to reduce balance sheet size without actually damaging the financial system. The Fed created BTFP and began drawing down Reverse Repo; the Bank of Canada began injecting repo liquidity, and the Bank of Japan tried to continue easing while at the same time running interventions in their foreign exchange market.

<div class="md"><blockquote>
<p>These cuts are a form of stealth easing. As I’ve covered in depth in Stealth QE, central banks have been busy finding new ways of being accommodative without doing so on the surface. With inflation globally hitting multi-decade highs in 2022, the monetary elites needed to find a way to appear to reduce balance sheet size without actually damaging the financial system. The Fed created BTFP and began drawing down Reverse Repo; the Bank of Canada began injecting repo liquidity, and the Bank of Japan tried to continue easing while at the same time running interventions in their foreign exchange market.</p>
</blockquote>
</div>

China Unleashes a Liquidity Wave

A Wall Street Regulator Is Understating Margin Debt by More than $4 Trillion – Because It’s Not Counting Giant Banks Making Margin Loans to Hedge Funds (Article text in comment)

>The DOJ is probing if there was collusion or a conspiracy to collude to control prices in those chats. At least three banks — Credit Suisse, Nomura Holdings Inc. and UBS Group AG – reached a managed liquidation agreement to sell down parts of their Archegos exposure. Others like Goldman Sachs Group Inc., Morgan Stanley and Deutsche Bank AG explored such an agreement before deciding against it.

<div class="md"><blockquote>
<p>The DOJ is probing if there was collusion or a conspiracy to collude to control prices in those chats. At least three banks — Credit Suisse, Nomura Holdings Inc. and UBS Group AG – reached a managed liquidation agreement to sell down parts of their Archegos exposure. Others like Goldman Sachs Group Inc., Morgan Stanley and Deutsche Bank AG explored such an agreement before deciding against it.</p>
</blockquote>
</div>

Archegos Banks That Unwound Bets Face Criminal Antitrust Probe

>The late August arrest of of Jiang Chengjun, who was a deputy general manager at Haitong overseeing investment banking, helped accelerate the deal’s timing, according to a person familiar with the matter. On Aug. 28, Haitong reported a 75% drop in first-half profit to 953 million yuan, in part because of declines in investment banking, trading and institutional client services revenue.

<div class="md"><blockquote>
<p>The late August arrest of of Jiang Chengjun, who was a deputy general manager at Haitong overseeing investment banking, helped accelerate the deal’s timing, according to a person familiar with the matter. On Aug. 28, Haitong reported a 75% drop in first-half profit to 953 million yuan, in part because of declines in investment banking, trading and institutional client services revenue.</p>
</blockquote>
</div>

China detains 8,700 investment bankers, takes passports in corruption sweep

As of March 31, 2024, three of the largest U.S. banks had a combined total of $1.832 trillion in loans outstanding to giant Hedge Funds. These Hedge funds have conducted a successful coup of control and authority over Mega Meme Banks🔥 

Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World (Gift Article)

The Greater Depression Theory PT.4

The Greater Depression PT.3

>They point to the fact that CEO Huang has been offloading approximately $14 million's worth of shares on a near-daily basis for months this summer. He still retains more than a 3.5% stake in the business.

Plus they might be doing tech bubble tricks like round tripping. 

https://twitter.com/JG_Nuke/status/1755010726773600752

<div class="md"><blockquote>
<p>They point to the fact that CEO Huang has been offloading approximately $14 million&#39;s worth of shares on a near-daily basis for months this summer. He still retains more than a 3.5% stake in the business.</p>
</blockquote>

<p>Plus they might be doing tech bubble tricks like round tripping. </p>

<p><a href="https://twitter.com/JG_Nuke/status/1755010726773600752">https://twitter.com/JG_Nuke/status/1755010726773600752</a></p>
</div>

Nvidia’s Jensen Huang sells $14 million in stock almost daily—raising questions about his successor

All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in Derivatives, Shaky Capital Levels 🔥 

>Now DailyMail.com can reveal an estimated 360,000 property owners in south Florida alone - the home of the condo boom - may not be able to afford the repairs required by the new law.

>Joseph Hernandez, a property lawyer and partner at Bilzin Sumberg in the state, said many of these are already looking to sell their units at a loss before they are hit with huge repair bills.

>The problem they face, however, is whether anyone will want to buy them even at massive discounts given the strings attached.

<div class="md"><blockquote>
<p>Now DailyMail.com can reveal an estimated 360,000 property owners in south Florida alone - the home of the condo boom - may not be able to afford the repairs required by the new law.</p>

<p>Joseph Hernandez, a property lawyer and partner at Bilzin Sumberg in the state, said many of these are already looking to sell their units at a loss before they are hit with huge repair bills.</p>

<p>The problem they face, however, is whether anyone will want to buy them even at massive discounts given the strings attached.</p>
</blockquote>
</div>

Florida hit by 'worst real estate crisis in decades'

Exposure at Hedge Funds has skyrocketed by 24.5% in the span of just one year to $28,579,000,000,000 🔥

Japan’s Nikkei Posts Biggest 2 Day Drop In History, Enters Bear Market As Global Equities Continue To Plunge

>However, the cost to be paid will be steep. Recall that after the last two decades of zero interest rates and yield curve control, Japanese public debt to GDP stands at a whopping 263% and the private debt to GDP north of 120%. If the BoJ actually wants to normalize rates with the Fed, their federal government would be paying 13% of their annual GDP alone in interest expense.

>13 PERCENT.

>The market reactions have already been severe. 

>On Friday morning, the benchmark Nikkei Stock Average was down 4.0% at 36,588.75 after dropping as much as 5.3% earlier. In the past five years, the index has seen a daily drop of more than 4.0% only at the start of the Covid-19 pandemic. The Nikkei 225 closed a massive 5.8% lower, marking its biggest daily drop since March 2020.

<div class="md"><blockquote>
<p>However, the cost to be paid will be steep. Recall that after the last two decades of zero interest rates and yield curve control, Japanese public debt to GDP stands at a whopping 263% and the private debt to GDP north of 120%. If the BoJ actually wants to normalize rates with the Fed, their federal government would be paying 13% of their annual GDP alone in interest expense.</p>

<p>13 PERCENT.</p>

<p>The market reactions have already been severe. </p>

<p>On Friday morning, the benchmark Nikkei Stock Average was down 4.0% at 36,588.75 after dropping as much as 5.3% earlier. In the past five years, the index has seen a daily drop of more than 4.0% only at the start of the Covid-19 pandemic. The Nikkei 225 closed a massive 5.8% lower, marking its biggest daily drop since March 2020.</p>
</blockquote>
</div>

Godzilla Returns

>Selling off a big chunk of its Apple holdings was the quarter's biggest news — Buffett once called the company's stake in the iPhone maker a pillar of Berkshire’s business that he intended to hold indefinitely. The other major investment moves Buffett made during the quarter included continued cuts to its investment in Chinese EV maker BYD and selling off some of its Bank of America stock.

Is Buffet transitioning to cash to be ready to buy stocks after they crash? Why now?

>Warren Buffett once said that it's wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful.”

https://www.investopedia.com/articles/investing/012116/warren-buffett-be-fearful-when-others-are-greedy.asp

<div class="md"><blockquote>
<p>Selling off a big chunk of its Apple holdings was the quarter&#39;s biggest news — Buffett once called the company&#39;s stake in the iPhone maker a pillar of Berkshire’s business that he intended to hold indefinitely. The other major investment moves Buffett made during the quarter included continued cuts to its investment in Chinese EV maker BYD and selling off some of its Bank of America stock.</p>
</blockquote>

<p>Is Buffet transitioning to cash to be ready to buy stocks after they crash? Why now?</p>

<blockquote>
<p>Warren Buffett once said that it&#39;s wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful.”</p>
</blockquote>

<p><a href="https://www.investopedia.com/articles/investing/012116/warren-buffett-be-fearful-when-others-are-greedy.asp">https://www.investopedia.com/articles/investing/012116/warren-buffett-be-fearful-when-others-are-greedy.asp</a></p>
</div>

Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake in second quarter

AI’s future in grave danger from Nvidia’s chokehold on chips, groups warn

Dedicated to the Great Recession II (2020 - TBD)

<div class="md"><p>Dedicated to the Great Recession II (2020 - TBD)</p>
</div>

<div class="md"><p>Dedicated to the Great Depression II (2020 - TBD).</p>

<p>Related subreddits:
<a href="/r/collapse">r/collapse</a></p>
</div>

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