SOCIAL ENGINEERING VIA MEDIA 101 – HOW TO NORMALIZE THE ABSURD

by Sigmund FraudStaff Writer Waking Times

Ever pay attention to trends in the media? Some stories and narratives rise and fall in cycles, along with your awareness of them. It’s kind of like a shell game, where the street hustler directs your attention to one shell as a distraction while he shuffles aside the nut with the goods in it. A ‘now you see it, now you don’t,’ kind of thing.

When you see the same story arise frequently in the mainstream media, you can bet that it’s something you’re supposed to be looking at.

You see, the major corporate media operates from talking points and top-down directives. A mere 6 corporations owns some 90% of all the major media outlets, and as corporations do, they rule by memos from up high.

Tonight show host Conan O’Brien knows this, and he rips on the media for the insane homogenization of local news. He does this bit where his team edits together actual footage of local newscasters from around the country saying the exact same thing, word for word, but, each anchor-person personalizes it with their own inflection, pausing, intonation and so on. It’s hilarious, but at the same time disturbing because it shockingly demonstrates how ideas are forced into the mainstream of today’s corporate culture.

Have a look. This always cracks me up. Not in a ‘ha ha’ sort of way, though, more like in a ‘ha ha, aren’t we gullible,’ kind of way. Big difference.

The point is, when you see a story being played over and again on various news outlets, you have good reason to believe that the information isn’t coming to you organically. It’s not something you really need to know or something that is genuinely relevant to day-to-day life in your community. It’s the execution of an agenda. The information is being deliberately disseminated to manufacture awareness and recalibrate the standard for normal. It’s something the corporate media wants you to focus on. Like in the shell game.

When you understand this fundamental of corporate media, the landscape of information today looks totally different. You’re able to see narratives unfold and evolve, and able to recognize when your attention is deliberately being drawn towards an issue. Or away from an issue.

Here’s a few examples from the present that when taken as everyday happenstance may seem benign, but have serious implications for the future of society and for the human race at large. The fact that these issues are being presented with noticeable frequency these days is a red flag that there is some larger agenda in the works. The norms, values and standards in our culture are being tweaked, or twerked, and attacked by the repetition of such information.

Vaccines – This is perhaps one of the most common issues thrust on the public in order to fabricate widespread public support for a questionable and very profitable practice. The one-sidedness of the debate on this sensitive issued has successfully created a society where people now openly demand forced medical procedures on others to alleviate a perceived fear.

Gender Neutrality – This is the idea that a person’s biological gender is somehow fluid against their opinion of themselves. There is an apparent effort to make us believe that those with confusion over their gender are horribly oppressed and in danger, and that they need to be protected with censorship and speech laws. The aim here is to promote the virtues of censorship, and to develop a generation of people who don’t value procreation and the advancement of the human race, but rather shallow social issues and a perceived sense of justice.

Sex Robots – Robot sex toys are increasingly being put in front of the public and lauded as the future of companionship. News stories on the latest advancements in robot sex dolls are ubiquitous these days. We are being told they make great life partners and that they sufficiently synthesize the experience of being with a real woman (or man). The end game here is to further disconnect people from each other, and perhaps also to assist in a broader depopulation agenda by persuading us that sex with plastic and electronics is as good as or better than the real thing. Look for birth rates to decline further as these creepy sex toys become more popular.

Microchipping – Some call this the ‘mark of the beast,’ but the idea of microchipping people for their supposed convenience is being pushed out onto all the major media channels as a great way to take part in our technological future. Issues of privacy, tyranny, and the abuse of power are hardly examined. Feature stories on acquiescent corporate employees who willingly take the chip make it seem as though chipping is fashionable.

These are just a few examples, but the technique in play here is a fundamental method of social engineering via media…

more…

About the Author
Sigmund Fraud is a survivor of modern psychiatry and a dedicated mental activist. He is a staff writer for WakingTimes.com where he indulges in the possibility of a massive shift towards a more psychologically aware future for humankind.
This article (Social Engineering Via Media 101 – How to Normalize the Absurd) was originally created and published by Waking Times and is published here under a Creative Commons license with attribution to Sigmund Fraud and WakingTimes.com. It may be re-posted freely with proper attribution, author bio, and this copyright statement.

http://www.wakingtimes.com/2017/08/11/social-engineering-via-media-101-normalize-absurd/

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Inside one of America’s most feared street gangs: Guns, drugs and violence are part of everyday life for the Bloodline gangsters

'Murder' holds a gun that he bought for 250 USD in the street. He bought it after guys from another gang stabbed one of his friends in the neck

  • Picture series details life inside the notorious Bloodline gang, which is part of the Latin Kings organisations
  • Members are seen brandishing drugs and guns in the chilling photos
  • The group was founded in the 1950s and evolved into a huge criminal enterprise
  • The series also reveals the unity and respect that members show each other 

A photographer has documented the lives of one of the biggest and most feared gangs in the US, giving chilling insight into their violent world.

The images show gang members holding guns and drugs, as well as mourning friends killed in the cycle of crime they have become engulfed in.

The Bloodline gang, which has an estimated 35,000 active members, dates back to the 1950s and was originally set up as an organisation aimed at tackling racial discrimination against Hispanic people.

But it has evolved into a huge criminal enterprise New York, and is a faction of the notorious Latin Kings gang.

The anonymous photographer was given unique access to the group, following the daily routines of members who go by aliases including ‘Murder’, ‘Flash’ and ‘Smokey’.

s well as highlighting the gritty realities of life for gang members, it also draws attention to the happiness, unity and respect they show each other.

The series explores the intimacy and naivety of teenagers who have been pushed by their economic status, racial or social issues to survive in a hostile environment in one of the most developed cities in the world.

The Trump administration recently vowed to crack down on violent gang members and criminals from American Communities.

Recent nationwide gang apprehension programs such as Project Dawn, focusing on dismantling transnational gangs have seen hundreds arrested in New York alone.

Gang members 'King Looney', 'King 'Chucho', 'King Smokey' and 'King Buckets' rest in their apartments after a long day at a meeting with other gang members, smoking marijuana and drinking beer

 Gang members ‘King Looney’, ‘King ‘Chucho’, ‘King Smokey’ and ‘King Buckets’ rest in their apartments after a long day at a meeting with other gang members, smoking marijuana and drinking beer

Read more: http://www.dailymail.co.uk/news/article-4739038/Shocking-pictures-life-like-New-York-gang.html#ixzz4oJeVYdyu 
Follow us: @MailOnline on Twitter | DailyMail on Facebook

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The G20: Is the West Governed by Psychopaths?

By Peter Koenig

 “Welcome to Hell!” is the slogan with which G20 protesters greet the self-appointed leaders of the world to their summit on 7 and 8 July 2017 in Hamburg, Germany, under Madame Merkel’s auspices to discuss the calamities of our globe and how to resolve them. Never mind that the distress of Mother Earth has been mostly caused by those who represent the West, and now pretend to fix it.

How utterly arrogant – and hypocritical!

In the wake of the summit, police were beating on aggressively against the demonstrators, most of them peaceful, unarmed; but some of them violent and hooded, as old tradition dictates, so they will not be recognized as police themselves or patsies of the police. Many people were hurt, several to the point of hospitalization. And the meeting just began.

At the onset of the summit, Donald the Trump, the chief-psychopath, is running amok declaring with echo, “America First”- “America First” – trying to justify his decision for the US to quit the Paris Climate Accords. In a cheap attempt to hit Russia under the belt, he offered Europe gas sales, so Europe would no longer be ‘hostage’ to Russia. How arrogant, again. The Donald doesn’t seem to have a clue what he is doing, other than thinking the world is his puppet. By far most Europeans rather buy hydrocarbons from Russia than being in the bloody and ruthless claws of the United States of America – and those dark forces that pull the strings behind Washington.

It remains to be seen to what extent the psychopath-in-chief will have his European, Australian and Canadian vassal-psychopaths lined up and dancing to his tune.

Before the summit, ‘informal’ talks between the odd couple, Donald Trump and Angela Merkel, took place. They apparently focused on North Korea, Syria, and Ukraine — all countries where the US is intent to destabilize and push for ‘regime change’ – the sort of interference in sovereign nations’ affairs Trump promised during his campaign he would abandon as President. The dark one-eyed Masters didn’t allow it. And he isn’t man enough to stand up for what he was elected. Well, let’s face it – he could lose his job, or worse.

Nobody has elected the G20, nor the G7. ‘G’ stands for Grand or Great. That’s how they see themselves. Everybody takes them for granted, the self-appointed megalos. Nobody seems to question their legitimacy. People only protest against what they stand for. That the G20 are sidelining the official body, the United Nations, is of no concern. Perhaps, because the UN has itself become a puppet of the invisible Masters, manipulated by their executioners, the US of A. So, has any international court that otherwise could hold them accountable for the crimes they committed over the century, or longer and keep committing. The G7, embedded in the G20, are the aggressing driving force for wars, destruction, merciless killing and perpetual chaos.

The G7 – Canada, France, Germany, Italy, Japan, UK and the US – all western nations (Japan follows the western game plan), are also the main creators of terrorism. They fund, feed, train and arm such reputed Islamic terror groups as ISIS / IS, Al Qaeda, Al Nusra – and others that fit the model of their war strategy (sic) of the moment.

Yet, it just emerged – would you believe – that the number one item on the rather fuzzy Hamburg agenda was fighting worldwide terrorism. How hypocritical: you create them, fund them, and you fight them. Lying to the people. How much longer will they swallow the lie?

This reminds of the prominent former German Chancellor, Helmut Schmidt’s words, shortly before his death, in an interview on terrorism to the German paper “Die Zeit”, on 30 August 2007: “I suspect that all terrorists, whether they represent the German RAF, the Italian Brigate Rosse, the French, the Irish, Spanish or Arabs, are relatively modest in their disdain for humanity. They are largely surpassed by certain forms of state terrorism.” – When the journalist asked back, „Are you serious? Whom are you referring to?” Schmidt: ”Let’s leave it at that. I really mean what I say“

(http://www.zeit.de/2007/36/Interview-Helmut-Schmidt/seite-7 – in German).

Only western megalo-psychopaths could have thought of ‘creating’, of nominating themselves into an alliance, of which the ultimate goal is to forge a New World Order (NWO), at times also called, One World Order, referring to an unspoken One Anglo-Zionist Government. That’s where we are headed; towards military oppression and financial subjugation of a small Zionist-headed financial and military elite.

It’s still time to wake up, to take our lives into our own hands, shed the mainstream propaganda and blood-thirsty lie-media, ignore them; get out from under the fraudulent privately owned fake dollar monetary system

more…

http://www.globalresearch.ca/the-g20-is-the-west-governed-by-psychopaths/5598160

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HUMANITY IS SUFFERING FROM A DIVIDE AND CONQUER STRATEGY

by Phillip J. Watt, Contributor, Waking Times 

So much infighting. So much disagreement. So much disharmony. Humanity is dazed and confused like never before.

Given there’s so much intellectual and emotional carnage eating away at the truth, let me try and break down politics, economics and the division it has on all of us:

– The left and right are in total warfare and pretty much have an unprecedented level of hatred towards each other.

– This is fueled by the ‘fake news’ media monopolies and the big money which is secretly funding certain causes, groups and protests.

– The right call the left ‘snowflakes’ because of their misplaced social justice warrior mania, whilst the left call the right ‘racists’ because of their constitutionalist and nationalist preferences.

– The left hate Trump, while many on the right support him.

– Both sides have unfortunately been sucked into the left/right duopoly.

– Therefore, they don’t understand that the two-party system is a two-party tyranny which works for the same banks, multinationals and oligarchs.

– Besides a blatant divide and conquer agenda, the reason these two artificial competitors have been sucked into this war is because they’ve been subject to extremist activity on each end.

– Unfortunately they don’t realise how much they have in common, especially ending the scams and corruption by the political, financial and corporate excrete.

– To those watching on the outside we see them as on the same team, but stupidly fighting each other instead of their common enemy.

– It is such a waste of energy that needs to be refocused towards the real problems, which can be summed by two words: the corporatocracy and the idiocracy.

– One of the reasons the right believe they’re superior is because many of them think that Trump is a genuine patriot who wants to make shit better again.

– Some people say he is the poster boy for the ‘good guys’ which are in the shadows fighting certain layers of the deep state.

– Others say he has sold out to the neocons, which appears to be the case given he’s bombing innocent people, flirting with Saudi Arabia and bending over for Israel.

– Regardless, there is still a very small chance that this is all a game of ‘drain the swamp’ chess, which would make him an exceptional actor.

– In the middle however, are two other opposing camps: those who want an anarcho-capitalist system and those who want to move to a money-less, abundance-based social system.

– Fortunately, both at least agree that smaller government, decentralisation and relocalised decision-making are initial steps forward.

– Meanwhile, a huge percentage of jobs will be automated over the next decade and beyond, bringing the argument for a ‘basic income’ or ‘living wage’ to replace all welfare programs and support into the spotlight.

– This concept has been shown to be at least equally or even more cost-effective than current welfare policies and practices.

– All this amongst a chaotic and highly manipulated global economy which has massive bubbles in debt, stocks, real estate, bonds and derivatives, whilst ‘main street’ continues to deteriorate with high unofficial employment rates, a dissolving middle class, stagnated wages, a retail apocalypse, outrageous student debt, increasing poverty and homelessness, longer ‘live-at-home’ periods, unsustainable private debt to GDP ratios, hyperinflating economies and just the general threat of the end to the current fiat monetary system.

– Cryptocurrencies are soaring as a result.

– Precious metal prices are still highly manipulated and suppressed.

– Some economists are calling for a modern debt jubilee to soften the blow of a collapsing monetary system.

– Then there is of course the threat of WW3, keeping many people locked into fear.

Now don’t get me wrong, we’re all a bit confused here. We might get it more right or wrong than others, but much of it is guesswork. For example, are Russia and China ‘in on the global government’ or are they genuinely standing against the money-makers? Will the economy end in destruction, will it transition to a world reserve currency of some type, or will it do both? Are we going to see massive social unrest or will it be a relatively smooth conversion into the future? Will that future be one that respects sovereignty and natural law, or will it be a totalitarian, technocratic planetary state?

Who knows. It’s such a fucking mess. False flags, false news, false leaders, false hope; it’s enough to make you want to put your head back in the sand, at least every now and again. But then flipping the script, it is a bloody amazing experience we’ve got. Who knew life on earth could be so challenging and entertaining at the same time?

At the end of the day though, this whole creation is just a game of growth, each of us at varied stages of psychological, philosophical, emotional and behavioural development. I wish more people would really get this, because we’d work way better together to cure the insane asylum called humanity in the 21st Century. The ironic aspect is that we all want an end to this shit, but our understanding of the issues are different, and therefore our solutions are too.

Ultimately, put your beliefs down humanity, you’re hurting yourself. Look into the hearts of your fellow-men and see your reflection. It’s the only way we’re going to come out of this in our favour.

About the Author

Phillip J. Watt lives in Australia. His written work deals with topics from ideology to society, as well as self-development. Follow him on Facebook or visit his website.

This article (Humanity is Suffering from a Divide and Conquer Strategy) was originally created by Phillip J. Watt and is re-posted here with permission. 

http://www.wakingtimes.com/2017/05/25/humanity-suffering-divide-conquer-strategy/

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Long-Time Cartoonist Fired for Daring to Speak the Truth About Monsanto Profits

by Isaac Davis, Staff Writer, Waking Times 

At first glance, you wouldn’t think that this simple, truthful newspaper cartoon would be controversial enough for a long-time cartoonist to lose his career, but we live in a brave new world, where corporate censorship supersedes even government censorship, and when a giant like Monsanto is insulted, heads will roll.

Cartoonist Rick Friday had worked for the Iowan publication, Farm News, for some two decades, creating some “1,090 published cartoons to over 24,000 households per week in 33 counties of Iowa,” reports KCCI, until he recently created this simple statement about profits in modern farming.

“The cartoon features two farmers talking about farming profits.

The first says, “I wish there was more profit in farming.”

The second farm answers, “There is. In year 2015 the CEOs of Monsanto, DuPont Pioneer and John Deere combined made more money than 2,129 Iowa farmers.

Friday received an email from his editor at Farm New cutting off their relationship a day after the cartoon was published.

Friday’s editor said a seed dealer pulled their advertisements with Farm News as a result of the cartoon, and others working at the paper disagreed with the jokes made about the agriculture corporations.” [Source]

Take a look for yourself:

Shortly after publication of this cartoon, Friday was released from his job and left questioning the morals of a publication who would end someone’s career after an honest and factual statement such as this was made.

Friday commented on his release from Farm News in a Facebook post concerning the incident:

“Again, I fall hard in the best interest of large corporations. I am no longer the Editorial Cartoonist for Farm News due to the attached cartoon which was published yesterday. Apparently a large company affiliated with one of the corporations mentioned in the cartoon was insulted and cancelled their advertisement with the paper, thus, resulting in the reprimand of my editor and cancellation of its Friday cartoons after 21 years of service and over 1,090 published cartoons to over 24,000 households per week in 33 counties of Iowa.

“I did my research and only submitted the facts in my cartoon.” [Source]

Final Thoughts

We know that only six corporations control some 90% of the world’s media, giving unprecedented control of the content you consume to a mere handful of executive boards. As these corporations exist to generate profit regardless of humanitarian or ethical considerations, we know that insulting or interfering with their sponsors is intolerable in the modern corporatocracy which has emerged in the last century.

As a new type of propaganda war on free speech emerges in the political landscape of America and Europe, it is critical to note that viewpoints which oppose the profitability of major companies who invest in advertising will not be tolerated. This leaves us with the need to create evermore avenues of journalistic expression where genuine truth can be published and access by a body politic clearly hungry for truth.

Friday’s remarks on this incident serve as a warning to future generations of Americans:

“That’s okay, hopefully my children and my grandchildren will see that this last cartoon published by Farm News out of Fort Dodge, Iowa, will shine light on how fragile our rights to free speech and free press really are in the county.” [Source]

About the Author
Isaac Davis is a staff writer for WakingTimes.com and OffgridOutpost.com Survival Tips blog. He is an outspoken advocate of liberty and of a voluntary society. He is an avid reader of history and passionate about becoming self-sufficient to break free of the control matrix. Follow him on Facebook, here.
This article (Long-Time Cartoonist Fired for Daring to Speak the Truth About Monsanto Profits) was originally created and published by Waking Times and is published here under a Creative Commons license with attribution to Isaac Davis and WakingTimes.com. It may be re-posted freely with proper attribution, author bio, and this copyright statement.

http://www.wakingtimes.com/2017/05/01/long-time-iowa-cartoonist-fired-daring-speak-truth-monsanto-profits/

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What do slaveholders think?

Resultado de imagem para Labourers in Vidharbha region in Maharashtra, India. Photo by Sanjit Das/Panos

Labourers in Vidharbha region in Maharashtra, India. Photo by Sanjit Das/Panos

 image edited by Web Investigator

It is everywhere illegal yet slavery persists in many corners of the global economy. How do its beneficiaries justify it?

by Austin Choi-Fitzpatrick is a professor of sociology at the University of San Diego. His latest book is What Slaveholders Think (2017).

I liked Aanan as soon as I met him. My field notes read: ‘What a nice guy, you can just see from his face.’ Open-faced and conversational, he was enthusiastic about the explosive growth in his quarry operations and excited to show me around. Together, we toured the open mines where his workers carve into the earth, producing boulders that are broken down into gravel by smaller labourers, often women and children. Together with his workers, Aanan laughed at my efforts to repeat the process for myself, the sledge held high over my head before arcing down, momentarily disappearing into shards and dust.

He showed me the crushing equipment that transformed gravel into silica powder, proudly explaining that the Indian multinational company, Tata, which makes generous donations to Harvard’s renowned business school, was the exclusive buyer of his materials. I had met Aanan through a friend of his, a reference that considerably eased his concerns about speaking with an outsider regarding his operations. The fact that I was most interested in challenging bonded labour – a contemporary form of slavery – didn’t matter.

Around half of the world’s slaves are held in debt bondage in India, Pakistan and Bangladesh. Debt bondage is a very old form of slavery in which radically marginalised members of society, often from India’s ‘untouchable’ caste, must trade all their labour for single small infusions of cash. Broader social and economic systems ensure that they do not understand the terms of such loans, and that the time required to repay them is interminable. Lack of other work, lack of credit, and the need to pay for schooling and marriages effectively guarantee that there is no single contractual debt between the landlord and labourer but rather a string of interconnected informal loans.

Workers are often promised that their debt will be repaid within a certain period of time, only to be told that they have somehow incurred new debts. Running debts are occasionally sold to other slaveholders, and in this way a worker can change hands several times. Local officials are more likely to turn a blind eye than to enforce a remote law. 

The days of owning people are over, yet slavery still persists in dark pockets of the global economy. All forms of slavery are now illegal in every country on Earth, yet the practice still festers in unreformed nests of feudalism, where threats and violence can suppress or eliminate pay for work. Where slavery is verboten, psychological control through deception and fear is the new coin of the realm. In the case of debt bondage, it is the caste system – with Brahmin at the head and ‘untouchable’ beneath – that does the delicate work of stitching debts together into a seamless, infinite coercive system that leaves labourers feeling trapped.

Despite the abuse, the caste-based worldview frames these exploitative labour relations in familial terms. ‘You have to understand the mentality of labourers, and you should know how to make them work,’ says Aanan, who views himself as the caring parent and his workers as children. ‘To manage a group of labourers is like managing a group of primary-school children. They have to be provided with food or clothes, and they are taught how to behave … sometimes they start drinking alcohol; sometimes they indulge in feasts. So we have to pay them with caution. We divide them into small groups because larger numbers of workers tend to form a union and sometimes engage in mass holidays or strikes.’

Aanan says the happiness of his worker is paramount, even though his business model depends on entrapping the vulnerable and working them to the bone as they crush rock from dusk to dawn. He couldn’t come out and say this to me or to his workers – or perhaps even to himself.

Withholding pay and limiting opportunities to mobilise are important strategies for controlling workers. But all of this is done for the workers’ own good, Aanan insists. Though landlords complain about alcohol, such indulgences are also tactics for increasing debt. Rowdy festivals allow workers to blow off steam, effectively directing frustration away from their abusers. These events also allow workers to spend what little money they have, increasing the likelihood that they will remain dependent on the landlord’s line of credit. 

To the erstwhile slaveholder, leisure activities – talking, idling, drinking – are vices, tangible manifestations of social decline

When asked if he needs the workers or the workers need him, Aanan explains that: ‘The worker is my cash machine, my fate.’ In this one statement, he has captured a central contradiction inherent in most human-rights violations worldwide: exploitation takes place at the intersection of culture and capital, in the overlap between relationship and extraction, at the moment where care and exploitation intersect…

more…

https://aeon.co/essays/this-is-what-slavery-looks-like-today-in-the-eyes-of-slavers

 

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From Icarus To Humpty Dumpty – The Art & Science Of Spending Other People’s Money

Resultado de imagem para images of The Art & Science Of Spending Other People's Money

image edited by Eeb Investigator

by Tyler Durden

Via MN Gordon of EconomicPrism.com,

“We have assembled a best-in-class team of policy advisors to drive President Trump’s bold plan for job creation and economic growth.” Gary Cohn, Chief Economic Advisor to President Trump

Promises of Slop

The art and science of spending other people’s money is not an occupation suited to just anyone.  Rather, it’s a skill reserved for the professional world-improver.  To be successful, one must act with a zealous devotion to uplifting the down and out, no matter the cost.

Lawyers, bankers, economists, and government philosophers with fancy resumes, whom attended fancy schools.  These are the devoted fellows who comprise President Trump’s team of economic policy advisors.  Moreover, these are the chosen associates who are charged with bringing Trump’s economic vision to fruition.  Are they up to the task?

Only time will tell.  But, already, it’s quite evident that Trump’s economic policy advisors have their work cut out for them.  During Trumps speech to Congress on Tuesday night, he called for more jobs, more education, more military, and more affordable health insurance.

By all accounts the speech sounded delightful.  Promises were made to spread the government’s slop far and wide.  Trump pledged offerings that just about anyone and everyone – with the exception of grumpy face Bernie Sanders – could standup behind and applaud.

Indeed, articulating these plans is one thing.  Using the force of government to execute them is another.  This is where the advisors come in.

From Icarus to Humpty Dumpty

According to Wall Street, President Trump said all the right things.  On Wednesday the DOW jumped up over 300 points to over 21,100.  And despite yesterday’s pullback, the DOW ended the day above 21,000.  What’s going on?

New York Fed President William Dudley says the market’s “animal spirits have been unleashed.”  He also says “the case for monetary policy tightening has become a lot more compelling.”  The case being, as noted by Dudley, “sturdy” jobs gains, inflation increases, and rising optimism for both consumers and business owners.

Hence, Dudley and the Fed may increase the price of credit at the next FOMC meeting later this month.  In fact, as of yesterday, CME Group puts the odds of a pending Fed rate hike at over 75 percent.  Bloomberg puts the odds at 90 percent.  In other words, unless the stock market crashes before March 15, it’s highly likely the Fed will raise the federal funds rate.

Maybe the market will crash before March 15.  Maybe it will crash after.  Maybe it won’t crash at all.  Who knows?

One analyst at Bank of America, with a creative metaphorical mind, has somehow penciled out a market path leading to a great fall in the second half of 2017.  But first, says Michael Hartnett, investors must finish climbing the “wall of worry.”  At that point, his “Icarus Trade” will turn into the “Humpty Dumpty Trade.”  Thus, the great fall.

A 30 Year Mess in the Making

No doubt, Trump’s economic advisors are facing a tall order.  Stocks are extremely overvalued.  The Fed’s unwittingly jawboned itself into a March rate increase.  Yet GDP, as reported for the fourth quarter 2016, slouches along at just 1.9 percent.

At the same time, it’s projected the government will hit the debt ceiling on March 16 After that, Treasury Secretary Steve Mnuchin will have to take “extraordinary measures” – shuffle money around – to keep the lights on.  By October, if Congress doesn’t raise the debt limit, the lights fade to black.

Somehow Trump’s advisors have to figure out how to boost the economy without boosting spending.  So far their plan only accounts for half of the equation.  That is, to boost the economy by pumping money into defense and infrastructure.  But if spending isn’t going to also increase, where’s the money going to come from?

Earlier this week it was reported that Trump wants to increase military spending by $54 billion without increasing the deficit.  The $54 billion increase would be offset by cuts to other government departments and agencies.  While this proposal doesn’t increase the $500 billion deficit, it doesn’t decrease it either.  In short, a half trillion dollars will still be added to the debt.

In the meantime, in just under two weeks there will be an abundance of excitement emanating from Washington DC.  Specifically, a rousing Congressional debt ceiling standoff will commence.  Reagan era Budget Director, David Stockman’s calling it a fiscal bloodbath:

I think we are likely to have more of a fiscal bloodbath rather than fiscal stimulus.  Unfortunately for Donald Trump, not only did the public vote the establishment out, they left on his doorstep the inheritance of 30 years of debt build-up and a fiscal policy that’s been really reckless in the extreme.

People would like to think he’s the second coming of Ronald Reagan and we are going to have morning in America.  Unfortunately, I don’t think it looks that promising because Trump is inheriting a mess that pales into insignificance what we had to deal with in January of 1981 when I joined the Reagan White House as Budget Director.”

http://www.zerohedge.com/news/2017-03-03/icarus-humpty-dumpty-art-science-spending-other-peoples-money

 

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