It is remarkable how quickly time passes. The ebbs and flows of life sway us back and forth as we contemplate the past, present and future. There never seems to be enough time and the time we do have is often dedicated to sustaining our standard of living, meeting the needs of others and recovering from the daily grind.
Policies, regulations and laws inundate our existence as we tread financial water. Everyday I observe how people muddle through their work day and try to keep up with the ever increasing costs and demands that modern life requires.
As an analyst, I observe the actions of policy makers and I scrutinize how the populace is impacted. More often than not I feel like the world resembles a dystopian fiction.
This week’s review missive provides a diverse mix of political, economic, financial, societal and soulful content.
The process of awakening is different for everyone. Life experiences can have a deep-seated effect on an individual. Sometimes a book or film can lift the veil and provide an awakening.
The awakening process is unique to each person. What I have experienced and noted, is that when it happens, a person will come to a new understanding of life and a yearning to learn more will become insatiable.
Once a person is awake, it is natural for the individual to seek out solutions to the problems. Mahatma Gandhi remarked; “be the change you wish to see in the world”.
A Rejection of Neocon Foreign Policy – American Military Members Prefer Trump and Sanders by Michael Krueger
Jeff Fitchett: Michael Krieger does a great job analyzing the world and providing his assessment on things. Our backgrounds resemble one another in some ways. This is an interesting article on US Politics.
Michael Krieger article:
Starbucks Chairman Howard Schultz has said of the upcoming Concert for Valor:
“The post-9/11 years have brought us the longest period of sustained warfare in our nation’s history. The less than one percent of Americans who volunteered to serve during this time have afforded the rest of us remarkable freedoms — but that freedom comes with a responsibility to understand their sacrifice, to honor them, and to appreciate the skills and experience they offer when they return home.”
It was crafty of Schultz to redirect that famed 1% label from the ultra rich, represented by CEOs like him, onto our “heroes.” At the concert, I hope Schultz has a chance to get more specific about those “remarkable freedoms.” Will he mention that the U.S. has the highest per capita prison population on the planet? Does he include among those remarkable freedoms the guarantee that dogs, Tasers, tear gas, and riot police will be sent after you if you stay out past dark protesting the killing of an unarmed Black teenager by a representative of this country’s increasingly militarized police? Will the freedom to be too big to fail and so to have the right to melt down the economy and walk away without going to prison — as Jamie Dimon, the CEO of Chase, did – be mentioned? Do these remarkable freedoms include having every American phone call and email recorded and stored away by the NSA?
Duck Tales Inflation Lesson
Jeff Fitchett: We have been told that inflation is the increased cost of goods and services. Rarely is it mentioned to us that inflation is caused by the increase in money supply. The US dollar has lost over 96% of its purchasing power since 1913; the year the US Federal Reserve was created. US money supply has quadrupled in the past 7 years. US debt has doubled under President Obama. Take 4 minutes and watch the clip listed below and learn what happens to the value of currency and the cost of goods & services when currency is duplicated (printed out of thin air, aka Quantitative Easing).
Erdogan claims fighting terrorism outweighs democracy in Turkey
Jeff Fitchett: Recep Erdogan is a dictator. We have seen, all throughout history, the rise of dictators with the support of Western nations. The US and European Union are supporting Turkey militarily and financially. It is well known that Turkey supports ISIS with arms and other resources. What is transpiring in Turkey is a tragedy in the making!
"Democracy, freedom and the rule of law," have "absolutely no value any longer," President Recep Tayyip Erdogan told local leaders in Ankara on Wednesday. "Those who stand on our side in the fight against terrorism are our friend. Those on the opposite side, are our enemy," he said in the televised comments, according to DPA news agency.
Turkey will employ "an iron fist against terrorism" and "fight Kurdistan Workers' Party (PKK) militants," Erdogan told a televised gathering of local district leaders in Ankara Wednesday. The president also made critical remarks about the pro-Kurdish Peoples' Democratic Party (HDP), which has 80 seats in parliament.
Retail Inflows Into Junk Bonds Highest On Record In Past Month
Jeff Fitchett: In the past, when I worked as a wealth advisor, I found it extremely disheartening trying to save people from themselves. There is absolutely no logical reason why people should be buying junk bonds. First off, the global economy is contracting rapidly. This will cause many companies to go bankrupt. The low yields on junk bonds do not represent the risk associated with owning these companies. I do understand that the yields on junk bonds, when compared to investment grade bonds, may appear more attractive. Rest assured, investing in this space is a fools game.
“It seems like only a blurry, distant memory but February 11 - the day the S&P hit its 2016 lows - was just over 4 weeks ago. In the subsequent 4 weeks, the market has unleashed one of the most furious short covering/record corporate buyback/central bank easing-driven "risk on" rallies ever, and nowehere is this more obvious than in recent inflows into credit markets (the same bond market which just one week ago the ECB made "risk-free" by announcing it would monetize corporate bonds for the first time ever).”
Gerald Celente Predicts “The Panic of 2016”
Jeff Fitchett: Mr Celente is proficient at tracking trends. His research gives us all an opportunity to see what the future beholds. This is an excellent interview. Gerald discusses everything going on in the world today.
The following items I’ve posted on my website this week:
Fed Hoping to Will Recession Away With False Optimism - Peter Schiff
Jeff Fitchett: This is a good interview. Peter points out the facts behind the reported statistics.
The Wizard of Oz and central bankers - by Jeff Fitchett
Central bankers are a lot like the Wizard of Oz. Unseen for most of the story; they act as rulers and are highly venerated by their subjects. Believing they are the only ones capable of solving our problems. Once a month, the world awaits, with breath held in suspense, as these mythical economic gurus spout off magical words that are then deciphered and interpreted by armies of analysts and pundits. The financial markets explode higher or implode lower as the enigma, that is central bank coded speech, is digested by corrupt market participants.
In a Rhino, Everything - by Charles Eisenstein
Jeff Fitchett: This essay moved me emotionally. I think you will understand why.
I received the following email from a young woman, a student at an elite law school. I want to quote it in full, because it cuts so deep to core issues so many change agents face.
I don’t cry very often. But this week I cried twice. For the rhinos. It breaks my heart that they’re going extinct. In order to make myself feel better, I try to intellectualize this. It’s totally irrational, I say to myself, to be sad for the rhinos. Why not be sad for the fairy shrimp, going extinct right here in Southern California?
There are so many things to be sad about: police shootings, for example. Right now I’m writing a memo on what constitutes excessive force during arrest and when you type in excessive force and qualified immunity to Westlaw, more than 600,000 cases come up. These cases represent a tiny fraction of incidents with police brutality; far more go unreported or are never litigated. We have a police violence epidemic in this country. I could be sad about that. And here I am reading these cases—and it’s awful (the tasing, the shooting, the beating, the pepper spray, the sustained long term injuries, the easiness of getting out of excessive force charges) and I never cry.
The gods of the copybook headings by Rudyard Kipling
As I pass through my incarnations in every age and race, I make my proper prostrations to the Gods of the Market-Place. Peering through reverent fingers I watch them flourish and fall, And the Gods of the Copybook Headings, I notice, outlast them all.
We were living in trees when they met us. They showed us each in turn, that Water would certainly wet us, as Fire would certainly burn: But we found them lacking in Uplift, Vision and Breadth of Mind,
So we left them to teach the Gorillas while we followed the March of Mankind.
So we left them to teach the Gorillas while we followed the March of Mankind.
We moved as the Spirit listed. They never altered their pace, Being neither cloud nor wind-borne like the Gods of the Market-Place. But they always caught up with our progress, and presently word would come; that a tribe had been wiped off its ice-field, or the lights had gone out in Rome.
With the Hopes that our World is built on they were utterly out of touch, They denied that the Moon was Stilton; they denied she was even Dutch. They denied that Wishes were Horses; they denied that a Pig had Wings. So we worshipped the Gods of the Market, Who promised these beautiful things.
When the Cambrian measures were forming, They promised perpetual peace. They swore, if we gave them our weapons, that the wars of the tribes would cease. But when we disarmed They sold us and delivered us bound to our foe, And the Gods of the Copybook Heading said: “Stick to the Devil you know.
On the first Feminian Sandstones we were promised the Fuller Life (Which started by loving our neighbor and ended by loving his wife) Till our women had no more children and the men lost reason and faith, And the Gods of the Copybook Headings said: “The Wages of Sin is Death.
In the Carboniferous Epoch we were promised abundance for all, By robbing selected Peter to pay for collective Paul; But, though we had plenty of money, there was nothing our money could buy, And the Gods of the Copybook Headings said: “If you don’t work you die.
Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew, And the hearts of the meanest were humbled and began to believe it was true. That All is not Gold that Glitters, and Two and Two make Four—And the Gods of the Copybook Headings limped up to explain it once more.
As it will be in the future, it was at the birth of Man—There are only four things certain since Social Progress began — That the Dog returns to his Vomit and the Sow returns to her Mire, And the burnt Fool’s bandaged finger goes wabbling back to the Fire—
And that after this is accomplished, and the brave new world begins. When all men are paid for existing and no man must pay for his sins. As surely as Water will wet us, as surely as Fire will burn. The Gods of the Copybook Headings with terror and slaughter return!
Each of us have the ability to chart our own course in life. Historical norms have created a collective mindset that is not rational when you take into account how our actions impact the carrying capacity of our world. A number of months ago I posted a short film titled: ‘The Lie We Live’. I encourage you to take 8 minutes and watch it again because it will help you see through the illusion that we are taught to believe in. Our lives are not predetermined. We can set out and blaze a new path that will lead to greater harmony with people and our earth. I think we can all agree that things are terribly wrong in our world today. We each have the capacity to control our actions and make a difference.
I wish you all the best!
Jeff Fitchett B.A., FMA, CIM
Analyst - Trivium Analytics Canada