Insolvent US Debt Bubbles Bursting As Production Tanks, So Long US Economy!

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U.S. private sector productivity rose by 2.3% during Q3, according to the Bureau of Labour Statistics, following a massive hike in deficit spending by the Trump Administration.

These data matter.

If each of us produces more each year, we make ourselves richer … but more importantly, through the progressive income tax system, we also make each other richer.

However, longer term, annual U.S. productivity gains have slipped from an average of 2.3% during the seven decades starting in Q4 1948 to just 1.1% in the decade following the start of the 2007 financial crisis.

Worse, there are growing signs that U.S. labour productivity is not just slowing, it’s in a freefall.

The idea that American productivity is collapsing seems ludicrous. This, during a time of an increasingly educated population, exploding technology and communications power, as well as the proliferation of AI, mobile devices and robotized manufacturing processes.

However, a range of forces are pushing in the opposite direction:

• The U.S. Federal Reserve’s low interest rate policies have made it more profitable for businesses to buy back stock than reinvest in technology.

• Bail-outs of large U.S. banks, automotive companies and other key sectors have stifled private sector innovation for a generation.

• Increased government borrowing has enabled vast, inefficient bureaucracies at the U.S. federal, state and local levels to avoid reform.

• America’s seniors are draining productive resources from the economy by collecting pensions and healthcare benefits they never fully funded.

archive.fo/dmSe3
zerohedge.com/news/2019-01-02/collapsing-us-productivity-changes-everything
There have been 3 previous threads about this article.

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zerohedge.com/news/2019-01-03/growth-has-stopped-manufacturing-ism-crashes-most-financial-crisis
cbs42.com/news/us-and-world/under-trump-s-watch-national-debt-tops-21-trillion-for-first-time-ever/1685606888
bloomberg.com/news/articles/2019-01-03/bad-stuff-the-stock-market-worried-about-is-starting-to-happen?srnd=premium
twitter.com/AnonBabble

Yesterday, when Markit reported that the US manufacturing PMI tumbled to a 15 month low, we were wondering how much longer the "other" PMI can continue to defy gravity by printing ridiculously high numbers month after month. The answer, it turns out, was about 24 hours, because moments ago the Institute for Supply Management reported that the December ISM plunged from 59.3 to 54.1 - precisely where the PMI print suggested it should - which was the lowest print in the Mfg ISM series since November 2016…

… and the biggest one month drop going back to the financial crisis, when in October 2008 it dropped by 9 points.

Printing just days after both Chinese manufacturing surveys printed in contraction territory, spooking markets, today's ISM report was a disaster with virtually every subindex tumbling:

New orders fell to 51.1 vs 62.1
Employment fell to 56.2 vs 58.4
Supplier deliveries fell to 57.5 vs 62.5
Inventories fell to 51.2 vs 52.9
Customer inventories rose to 41.7 vs 41.5
Prices paid fell to 54.9 vs 60.7
Backlog of orders fell to 50.0 vs 56.4
New export orders rose to 52.8 vs 52.2
Imports fell to 52.7 vs 53.6

archive.fo/X3rB6
zerohedge.com/news/2019-01-03/growth-has-stopped-manufacturing-ism-crashes-most-financial-crisis

Here's a list of problems how we ended up in this mess:

1) Rothschild-controlled central banking system creates infinite debts and are predatory lenders / loan sharks for insolvent corrupt bureaucracies. Debt insolvency is a major problem and this is the very reason behind it.
2) Outsourcing of productive industry since the 1980s created massive unemployment and welfare dependence. Destroyed so much economic opportunities.
3) Pensions and health care is largely unfunded, its been promised to all of us, but it remains largely unfunded in economic reality.
4) Monopolies have formed because of the lack of anti-trust regulations. Monopolies destroy all forms competition and gobble them up, consolidating wealth into the hands of only a few. US govt hasn't used anti-trust against monopolies for decades (because they've become corrupted as well).
5. Brainwashing in the educational system as well as the entertainment industry. TV got so many losers of society hooked. And its not just TV, the propaganda is amok everywhere. Americans have been deliberately dumbed down and lied to, in order to create mindless consumers and obedient surfs.

100% all these things. And the core reasoning for all of this is greed. The greed of the rich. They were unhappy paying their fair share of taxes. So they turned the entire system upside down so that they no longer needed to. And now we are reaping the rewards.

This is what happens when you don't have a strong central government to curb stomp the rich when they get too uppity. But they're a hard to control bunch. Their very existence lends to corruption.

Despite the (((EU)))'s best efforts, the global currency is still nearly entirely based on the US dollar.
When the dollar crumbles, and it will: soon; the global economy will follow with it. Minus countries that don't give a shit, like Russia. China's fucked though.

Oh, believe me we have a very strong government, we have the IRS, the NSA, the CIA, the DOJ, the DCIS, the FBI, the State Department, the USMP, the DHS, the TSA, the DEA, the ATF, the DOC, the HHS, the OIG, the CBP and blah blah blah!

Is that not big enough? Come on! They could crack down on this cabal, easily. They won't, because they have been corrupted!

If they have been corrupted and effectively neutered then they may as well not exist at all. So mark off all the ones on that list that don't properly do their job.

Pleeze don't tell me you used the word "bubbles" this morning, Killcen!
It's got me all bubbling up with excitement and joy over possibly interracting with you today!

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Bumping this thread in hopes of jostling my toast loose so it can pop up in the toaster soon – unless it decides to just 'bubble' up..

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How hard is it to print more FRNs? My God.

Print, build, strike. We still have Russia, China, Iran and, leisurely-like Africa, to go. Quit screwing around, idiots!

You know what a debt bubble is, right?

"If each of us produces more each year, we make ourselves richer … but more importantly, through the progressive income tax system, we also make each other richer."

Are you out of your fucking mind? Anyone who says this garbage is an idiot and NOTHING they have to say can be relied upon.

Close this thread on the grounds of idiocy…

I think what he was talking about actual production of tangible goods, industries which America has mostly outsourced since the 1980s. And yes, those domestic industries DID create a large middle class and a lot of wealth back in the day.

As for taxation, I somewhat disagree because taxation is nothing more than a legal form of forced wealth re-distribution.

Pretty much all of them are corrupted at this point. There may be some good decent people who still work in those agencies, but like you said they are lower level and effectively neutered. The top needs to be purged, and Trump was STUPID for not doing that Day 1.

oh boy what a shock. get rid of hard working Spanish speakers and hire the convicts that big pharma made. what could go wrong?

The problems are MUCH more rampant than just that. See here:

So collapse the empire?


Who is an American?

this is some IMAX quality projection

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Kill yourself you dumb fucking kike subhuman mongrel.

If wages are not capped by government mandate then taxation is more or less mandatory. Without that people will just hoard wealth and buy out the government (this is what happened in the US). You cannot have both, a free market, and no taxes. It's both or neither. Otherwise, the nation will devolve into Neo-Feudalism, managed by a small group of individuals who are hoarding the majority of the wealth.

Everything is right except for point 4), it isn't a lack of anti-trust regulations; there's actually a great deal of those. It's rather that more monopolies are intentionally created by law than what people realize. Patents are a major example, in which the reward for inventing something (or claiming you did) is a monopoly over that technology. Almost all utility companies are elected by municipal governments as sole providers of a service in an area (the goal being better economies of scales). Also, government licensing schemes quickly turn into a way for those already licensed to cut out new entrants, where the new entrants are given increasingly strict requirements (whether by fees or schooling). Taxi's successfully pulled that off for 50+ years, and the US medical industry is still getting away with it.

Another notable force for monopolization are the various subsidies/loans that the US selectively wields. Normally when a company becomes too large to effectively manage in a free market, it shrinks or dies. But in Keynesian la-la land, you instead try to keep them afloat with easy loans. (Of course, that "safe-guard" is not available to smaller companies, because that would expose how ridiculous it is). That way, the company becomes even bigger, and thus even less efficiently managed than before. Which is great, because then when they fail again in 10 years they take out the whole market with it.

MAGA!!

"Under Trump's watch, national debt tops $21 trillion for first time ever"

cbs42.com/news/us-and-world/under-trump-s-watch-national-debt-tops-21-trillion-for-first-time-ever/1685606888

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"The Bad Stuff That the Stock Market Worried About Is Starting to Happen"

bloomberg.com/news/articles/2019-01-03/bad-stuff-the-stock-market-worried-about-is-starting-to-happen?srnd=premium

This but

Venezuela pls, I've had it up to here with your trickery dickery.

So you want to live in a third world hellhole where more than half the population is starving poor?

Move there then. Most Americans don't want to live in a despotic third world shithole.

...

real news

yawn

Nigger. They already revise history such as making Andrew Jackson into an ebul Indian hating raycis than the man who stabilized the country.

You can't deny there isn't a propaganda machine running at full force here.

and teachers tell kids to go on the internet to read the whole thing since critical thinking is also taught. you just sometimes end up with kids as mentally lazy as you who just take what their given and don't question it

trump staffs the white house with literally nothing but wallstreet goons

Unfortunately, this is what your average Zig Forumsack thinks these days. People are truly becoming dumber with each generation. One of the culprits is the technology that isolated anons of this generation from reality. They are all facts, no logic. As computers get smarter, brains will be more dependent on them and become lazy until the equilibrium happens where organic and synthetic brains will complement each other.

Killcen is alive and retarded because he created this thread.

Critical thinking implies taking what you’re given. We give you x, and you emote about it. You can make more formal arrguments, so long as they are sourced to more of what we give you. Critical indeed.

I'm alive, not retarded. Just posting legit news.

More lies.
You are retarded. And you post propaganda, not news.