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Michael Clark  

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  • European Dream Turns Into A Nightmare [View article]
    Vico believes that history flows in and through four seasons:

    1) Theological
    2) Aristocratic
    3) Democratic
    4) Chaotic

    If you look at American history in the microcosm you can see these stages very clearly:

    1) Puritan settlements; Theological City of God -- Spring
    2) The Founding Fathers and the Aristocratic Landowners of our republic, including the British Colonial period -- Summer;
    3) Democratic History -- Autumn
    4) Chaos -- Winter.

    This suggests, if true, that America will also pass from Democratic Principles through Chaos and to a new form of Theological Rule. We will not remain what we are now for ever.
    Nov 17, 2015. 09:45 PM | Likes Like |Link to Comment
  • European Dream Turns Into A Nightmare [View article]
    You call them gross generalizations. I call them universal principles.
    Nov 17, 2015. 08:50 PM | Likes Like |Link to Comment
  • Tragedy In Paris: The People And Markets Will Overcome [View article]
    Mosques are headquarters of resistance and planning and recruiting to overthrow the enemy religion.

    We need to face the truth. We are the new Rome. The Muslims are tired of Roman rule. So are many other people. This is not just about Muslims. This is about all peoples who are tired of American Empire arrogrance. Do we want to keep the empire? There is a great cost of empire, in terms of debt and moral debt. Are we wiling to pay this cost?

    At our nation's birth two road appeared clearly: 1) Empire, the English/Roman way, supported to Hamilton, Washington, the Federalists; 2) Culture, Greece, supported by Jefferson and the other anti-Federalists. Decentralization vs centralization. We still have this choice. Although we are knee-deep in history now, with all the consquences of our having chosen the road of Empire.

    Do we really want the world so much? If we DO want the world this much -- that is, our image of ourselves as the Leader of this world, as Number One -- we are going to have to kill and maim those who oppose us and those who get in the way, by accident or on purpose. These are all things we need to think about.

    I'm not sure the Europeans have the choices we have. The Muslims have been invited in to Europe. The Trojan Horse has already arrived. The Europeans can choose submission to the Death Star or war. Yes, I will say it again: most Muslims are decent people who want a good life for their children and who want peace in their lives. The majority does not make history. A violent committed minority makes history. Where are all the moderate Muslims taking back their religion so they can live in peace with the world: they are afraid. The violent minority kills anyone who gets in the way. Moderate Muslims know they will be killled if they speak out against the violent leadership.

    This is armageddon. Fundamentalist Islam believes it is armageddon; fundamentalist Judeo-Christianity believes it is armageddon; those who like to keep the God-Idea separated from the Man-Idea (Church and State) think we might be able to think our way out of this.

    The Millennium Idea was dismissed on January 2 2001, when an asteroid did not strike the Earth and end the world. People laughed at the Mayan Calendar prediction of December 21, 2012 as being the end of the world. The world did not end. We were still here. Worlds ending and Worlds beginning are a process more than an event. If one cannot read patterns than he is stuck in the present, unable to glimpse the future. The right brain, the religious mind, reads patterns. The left brain, the man's mind, reads the present reality. That is why we need to develop both side of the brain, so we can see what has been, what is, and what is coming.
    Nov 17, 2015. 03:57 PM | Likes Like |Link to Comment
  • Tragedy In Paris: The People And Markets Will Overcome [View article]

    I am a student of world religions also, with a very strong Kabbalistic bent. I'm not especially fond of the world-idea that is running the world today, the US and European version of reality. The West is worshipping the Golden Calf, has forgotten about God. We need to change America from within. Worship of money has carried us into a very bad place. We need to be reborn.

    The Islam we don't need is the Islam that practices the oppression of women and worships the spreading of deserts all over the globe in the name of their hatred of women. Of course, all fundamentalism is at odds with the inner religions. The fundamentalists will all kill each other in the war (Behemoth, the Land Beast, against Leviathan, the Sea Beast), leaving the world to the meek, to the followers of the inner religions.

    Fundamentalism is dangerous everywhere, in all religions, because fundamentalists feast on the chaff, feast on the shell of the truth.

    I do understand the anger of Muslims. There is much to be angry about.
    Nov 16, 2015. 11:52 PM | 3 Likes Like |Link to Comment
  • Weighing The Week Ahead: What Is The Message From Falling Commodity Prices? [View article]
    Jeff: Bubbles are rare. This is true. But so is ZIRP rare. But with interest rates near zero bubbles are not only common, they are a description of the low interest rate reality. With ZIRP and NIRP and QE, bubbles ARE the reality. Bubbles are rare historically because ZIRP is rare historically.
    Nov 16, 2015. 06:17 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: What Is The Message From Falling Commodity Prices? [View article]
    Investors must realize that bull-market tops are a process, not an event. Tops are carved out over time.
    I like that.
    Nov 16, 2015. 06:13 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: What Is The Message From Falling Commodity Prices? [View article]

    The FED interest rate increase helps because it begins to break down the global debt bubble. This begins the process of recovery (through dissolution, breaking down the corpse so it can be reconstituted over time).

    You have to look at the complete process. To do this you need distance from the present defense of the system. The growth cycle (1983-2001) accuumulates atoms and builds a molecular system that results in the relative completion of the Global Economy idea. The apex of the triangle, in a sense. The creation culminated in 2001. The Global Economy Idea reached fruition. But that does not mean it reaches the culmination of this idea and becomes a frozen reality to endure for ever. As soon as it reaches this culmination it begins to decay. Change for ever. The reality begins to dissolve. It is like a body, the vehicle of life, that reaches its peak and then begins to decay. The weak dollar helped to build the structure; the strong dollar assists the dissolution of the corpse, getting us back into the atomic stage so we can begin the process all over again. You are defending the Global Economy Idea. So am I. But I view it as a constant process, with each part of the process being vital.

    You want to stop the world at some point, at the apex. Ok; we're here. Let's stay here. Nothing 'stays here'. Accumulation, construction, molecularization; subtraction, dissolution, the shadow side of the process.

    1911-1929: bulding
    1929-1947: dissolving
    1947-1965: re-building
    1965-1983: re-dissolving
    1983-2001: re-building
    2001-2019: re-dissolving...

    Dissolving is a kind of returning the world into the melting pot. Melting down the Old World into a re-constituted first metal, stronger, cleaner, gold in the alchemical sense. Turning the dirty meal (Iron, the built world) into the gold of the idea, the Sun, the origina of the idea. So the next building stage can begin.

    Every day is a building process. Every night is a dissolving process. Dissolving the world back into its elemental nature: fire. Which hardens slowly as we re-build the world. Which begins to disintegrate at the end of the 18-year creation cycle.

    We like to see the world as good and evil. We like to be on the good side. Anyone who opposes us is on the evil side. But these two sides are, in fact, the two sides of our own nature. We build the world we inhabit. And then we begin dismantling that world. It is very subtle. We build our family; then we pull away from that family; we belong; then we don't below, we feel alienation.

    During the creation cycle (1983-2001) we belong to the world, we fit in with the world we are building. During the dissolution cycle (2001-2019) we withdraw from this built world; we see its corruption; we turn our back on its imperfection.

    Our job is to build the world; to dissolve it; and then to re-build a better model. We want the world we build to be eternal. It is not. What is ETERNAL if the process of creation and destruction and re-creation and re-destruction. The process is eternal; the product is mortal.

    We are all of the parts played in this great drama: We are the Father Creator; we are the Son the Destroyer; we are the Mother who helps to fused the Father and Son into a new cycle, a new creation (2019 is the year of the Resurrection).

    To understand this drama one must get outside of the left brain and its rules and laws and causality, which limits one's understanding to the here and now, the present, so-called Reality. Distance from this present allows one to see larger patterns and how times (Past, Present and Future) weave together an even larger reality than merely the Present in isolation. Everything flows, like water. Under the surface of every solid, everything flows, like water.
    Nov 16, 2015. 06:02 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: What Is The Message From Falling Commodity Prices? [View article]
    Yes; there is a time for everything. There is a time for a weak dollar, and global debt expansion; there is a time for a strong dollar, the contraction of the global debt bubble. Everything in its season.
    Nov 16, 2015. 05:41 PM | Likes Like |Link to Comment
  • This Housing Bubble Is Set To Pop [View article]
    That sounds like a very Canadian/Australian view -- that is, a prayer that the housing bubble in their countries will not break. Nothing wrong with praying. Common sense suggests that 0% interest rates, which blew up housing prices and made higher housing costs affordable for those with no income increase MUST collapse unless 0% interest rates are made the law.

    0% interest rates ARE inflation.

    We can either require NIRP by law -- or we can begin to face reality.
    Nov 16, 2015. 04:23 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: What Is The Message From Falling Commodity Prices? [View article]
    We spent trillions of dollars from out unborn taxpayers to shore up banks balance sheets. Austerity is never easy. That's why its called Austerity.

    The idea that we have to steal trillions from the future to cushion our own decline is a selfish and gutless idea. Our parents didn't do it. Our grandparents didn't. Every generation gets a heaven side of experience and a hell side. We want to cusion our hell side. Sorry. If we have the courage to spend money that is not our money then we should have the courage to face the Austerity that comes with it.

    Mike, you write:

    While the theoretical construct makes sense--i.e., that the sequence of steps necessary to implement the promised decades-long orderly deleveraging process matters--the practical reality is that politicians lack the political will to implement measures necessary to restore fiscal health if it involves any near-term pain. They would much prefer to continue relying on more debt to paper over the cracks in the economic foundation.

    This is absolutely right. What politican is going to say "We've been stealing from the future too long. Now we have to make it right. And it's going to be painful." Are we going to elect that person? Or will we elect the person who says: "Debt is good. More debt is better. Go out and shop until you drop. It's all good." The limits of democracy.

    We don't just need to limit government debt. In truth, it was not government debt that crashed the Global Economy -- it was private debt. And what caused this. A FED that was asleep at the wheel.

    1983-2001 is the Business Cycle. When the Business Cycle ends, rates have to go up, even if we want to pretend there is no inflation. Debt inflation IS inflation. The Busienss Cycle is the Spending Cycle. Then the Saving Cycle comes in, and is rewarded by higher rates, and income from higher rates. That is how we pay the debts we took our in the Spending Cycle (1983-2001; 1947-1965; 1911-1929 -- Spending Cycles this century).

    Government debt was modest until government started buying up Capitalism's debt, trying to hide the sins of capitalism. Now the capitalists blame Big Government for the collapse of the Global Economy. Capitalism collapsed the Global Ecomomy. Government is trying to cover this up, by having ordinary citizens foot the bill. The scam goes on.
    Nov 16, 2015. 04:08 PM | 1 Like Like |Link to Comment
  • Weighing The Week Ahead: What Is The Message From Falling Commodity Prices? [View article]
    1911-1929: creation of the world
    1929-1947: destruction of the world just created
    1947-1965: recreation of the world
    1965-1983: destruction of the world created from 1947-1965
    1983-2001: recreation of the world
    2001-2019: destruction of the world created from 1983-2001...

    The world debt problem is ALWAYS resolved this way. The more debt you have, the harder you fall. We are supposed to be learning from all this. We are not really learning.

    The strong dollar rips the heart out of the developing nations who have borrowed too many cheap dollars and must now pay back and service expensive dollars. This causes defaults. Banks crash. The state is not supposed to back stop banks that ignored risk to pursue gain. RISK is supposed to limit greed.

    We want only the upward spiral. We want to mitigate the downward spiral. But the two go together. This is a metaphysical law of nature. For every inflation there is an equal and opposite deflation.
    Nov 16, 2015. 04:03 PM | Likes Like |Link to Comment
  • Tragedy In Paris: The People And Markets Will Overcome [View article]
    I think it is time to start dismantling mosques in Europe. We can afford to be open and liberal to strangers until they start killing us. Then we must remove the WELCOME sign. Take away their comfort, brick by brick. No welfare for Islamic guerillas. I can't believe the French pay these people welfare so they can plan and carry out their war in relative comfort.

    Tolerate foreign religions when you can. When you can't, don't.

    We are not guiltless in all of this, nor the French. French colonies in North Africa were ruthless and damning, ruining Algeria -- which boomerangs as the law of Karma suggests. Muslims hate our Godlessness. I agree with them in many ways. But Islam is not a solution for the world. But it thinks it is. And it also thinks the West has had its 1000 years; and now it is their turn.
    Nov 16, 2015. 03:44 PM | 3 Likes Like |Link to Comment

    IVV stubbornly bullish. I would not buy it here -- but I would hold it if I bought it closer to the bottom.

    Thanks for reading.

    Nov 16, 2015. 03:34 PM | Likes Like |Link to Comment
  • Tragedy In Paris: The People And Markets Will Overcome [View article]
    No one should be surprised. We are at war. We have been for years. Anyone who is suprised has been asleep too long. Rest In Peace, Van Wynkle.
    Nov 16, 2015. 02:19 AM | 3 Likes Like |Link to Comment
  • Weighing The Week Ahead: What Is The Message From Falling Commodity Prices? [View article]
    Last week's stock market decline was not about the Fed.

    Declining prices for oil and other commodities remain the short-term influence on stocks.

    Do you really think the hit (continuing hit) on oil and commodities, caused by Dollar strength, is NOT influenced by the FED's ongoing discussion of raising rates?

    I support higher rates. I think they are 14 years late. But this is a long discussion. So I will just here challenge your first assertion that the whack the markets are taking (it will get MUCH worse) is about 1) Debt (the greatest in human history); 2) US Dollar strength (the only thing that can save the world from debt suffocation and destruction of global currencies); 3) gutlessness on the part of the FED to do the right thing instead of attempting to baby-sit the money culture and protect the mountain of debt (total debt to gdp at 375% -- needs to be reduced/destroyed to around 130% (TOTAL debt to gdp). We have a LOT of debt destruction to start; let's get started, even if we are 14 years late.
    Nov 16, 2015. 01:54 AM | Likes Like |Link to Comment