I couldn’t help but correlate what I recently read over on ZeroHedge to the reality that many people are ‘on the edge’ (paycheck to paycheck) with being able to pay their mortgage (“Mortgage Delinquencies Rise Most In 7 Years As Rates Spike”), indicative of the fragility that exists within the structure of our debt burgeoned system and society.
Evidently 30-year mortgage rates have increased from about 3.6% to around 4.4% during the past four months (inflation is coming) and the affects of corresponding higher mortgage payments (for some types of mortgages) have caused a sudden rise in delinquencies.
This is an indication of two things…
1. Inflation is coming (here?) 0.8% mortgage rate increase in four months.
2. Just how tight people’s budgets are – with literally zero wiggle room – such that they cannot afford to pay the uptick in mortgage payment. There’s no margin.
“STOCKS AROUND THE WORLD CONTINUE TO ADVANCE. The trend remains upward and although nearly every method we know of for measuring market sentiment is preposterously over-extended to the upside, and although nearly every method we know of to measure relative value is equally over-extended to the upside, the great game of investment musical chairs continues.”
“As happened in the dot.com Bubble of near the turn of this century, prices were egregiously, preposterously, stupendously, stupidly over-extended to the upside and then continued to become even more egregiously, preposterously, stupendously and stupidly over-extended for months and months and months.”
“The “Melt Up” has begun in earnest and it will stop when it stops and not a moment before.”
“The further a society drifts from the truth, the more it will hate those that speak it.”
What do you think of this quote from George Orwell?
Is this happening before our eyes? Is truth now considered ‘hate’ by some (or by many)?
If yes, then why is that?
It is a politically charged week for certain as we are truly living in historical times right at this very moment. Following yesterday’s heated discussion surrounding the question “Will Planned Chaos At Inauguration & US Streets Spiral Out Of Control?”, we will ask a new question “Will the furious actions to delegitimize Trump (an ongoing soft-coup) tailspin into a ‘hard coup’ if their present attempts fail”?
There is a highly organized plan that has been set in motion – a last ditch effort to disrupt and even stop the public inauguration of the next president of the United States.
There is a clear and stated intention to trigger massive chaos and disruption in Washington DC and all around the United States as apparent coordinated tactics are carried out en mass.
From the ‘Disrupt J20’ website,
We’re planning a series of massive direct actions that will shut down the Inauguration ceremonies and any related celebrations–the Inaugural parade, the Inaugural balls, you name it.
We’re also planning to paralyze the city itself, using blockades and marches to stop traffic and even public transit.
We don’t ask permission or put our faith in electoral politics, instead, we use our bodies to stop the smooth operation of the system we oppose.
We fully support the massive and spontaneous eruption of resistance across the United States.
Who is behind it all? Do they hope to ignite a ‘real’ civil war?
Are Patriots planning resistance?
I’ve got to say that the economic numbers, the markets, and the apparent enthusiasm seem quite out of place with economic reality. It is astounding how the controllers of today’s modern economic systems have not only staved off a complete crash during 2008, but have risked the system way worse than then while having also manipulated perception to the extent that NO ONE seems to be concerned about today’s realities all these years later.
It’s as though NO ONE seems to be concerned at all about our gargantuan national debt and unfunded liabilities, the insane global debts, the unimaginable intertwined systemic risk of global derivatives (can you fathom the word, ‘Quadrillion’?), and the burgeoning debt of most Americans and American families who live a lifestyle nearly paycheck to paycheck.
If the majority are so incredibly mind-numbed dumbed-down stupid, then why don’t we just vote ourselves that the government send each of us a check for a million dollars? NO ONE CARES about the debt, so, why not??? Hey, no ramifications right?
And now that Trump has been elected, the exuberance is rocketing to the moon that we shall all be saved from any economic woes to come! We as a people are not grounded in reality, and the masters of our economic systems are taking advantage of it to the fullest extent. What gives???
Our world is a changing place. Some of us designate time towards preparedness for change that might come our way…changes that might adversely affect us.
There certainly are plenty of risks out there – with varying degrees of likelihood, potential, and degree of impact.
The question for you is this… “What are your concerns for the upcoming year 2017?”