QUESTION: Marty; You warned that there would begin a cash shortage and real rates would rise in the private sector starting in September after Labor Day. Ok, it’s about 15 days past that marker and Repo rates have gone completely nuts hitting 10% forcing the Fed to intervene. They were calling it Armstrong’s revenge here in the dealing room. It certainly appears the Fed has lost control of short-term rates as you warned. Is this the start of the chaos you have warned about?
GD
ANSWER: It’s not my revenge, it’s fiscal mismanagement. Look, this is the chaos we have coming and sorry, it is the beginning, not the end. It’s not even a fluke or a blip. So get used to it. Indeed, the Fed has lost control of short-term rates. Trump can jawbone all he wants for zero to negative rates. Sorry! The free markets are showing something else lies in wait.
The Repo Rate reached a high of 10% by about 9 am just before the stock market opened. The fed funds rate was testing the Fed’s upper limit. The Fed was forced to intervene I believe for the first time since the 2008 crisis.
On Tuesday, the Fed offered $75 billion through its facility and received $53 billion of demand from borrowers who swap AAA Treasury holdings for cash at minimal rates. On Wednesday, the Fed again offered the same $75 billion facility and received this time $80 billion in bids.
Overnight financing (REPO Rate) is a basic function which holds the economy together. Those who trade on leverage rely on the REPO market (Broker-dealers, hedge funds, and institutional). It is rarely written about for it is not generally seen by the public. The events of the past few days is a clear warning sign of what I have been yelling about which is on the horizon. The central banks are TRAPPED and in Europe, they have destroyed their bond market with more than $15 trillion and perhaps up to $17 trillion in negative-yielding bonds ($1 trillion is corporate).
Before the 2007-2009 crisis, the Repo Rate was actually the only financial instrument which paid a rate of return that could become NEGATIVE under normal market conditions. NEGATIVE Repo Rates can happen when there is a shortage of cash or particular collateral security, like negative-yielding bonds, are put up to borrow against. Therefore, trying to borrow against a negative-yielding bond can present a crisis. The standard Repo contracts, such as the Global Master Repurchase Agreement (GMRA), have been drafted under the implicit assumption that general collateral (GC) Repo Rates would only ever be positive.
What has transpired is the buyers of these negative bonds have been simply traders. They have not bought this stuff to actually hold to maturity. They have been happy to trade them assuming rates would continue lower so it would be a bond rally. We are looking at SERIOUS credit risk once again but instead of the time bombs being mortgage-backed securities, this time it will be negative-yielding bonds issued by governments. The bond markets have been converted into a child’s game of musical chairs. When the music stops, someone will be left holding negative-yielding bonds that will only be salable at even deeper discounts of perhaps as great as 50% in a few years.
About 30% of the bonds issued by governments and companies worldwide are trading at negative yields which is now about $17tn of outstanding debt. This unprecedented reversal of normal practice has raised profound questions about the outlook for bonds. This is seriously impacting core holding for institutional investors.
The interest rate risk that negative-yielding bonds carry is beyond unbelievable. It is totally artificial supported only by punters. The financial system simply doesn’t work with negative rates and this is also contributing to shortages of cash for Repo markets. A slight rise in interest rates will create a massive debt crisis and if you undermine the bond market, that is what creates great depressions. Negative yields have been confined to places outside the USA and the intervention of the Fed implies they are not prepared to allow negative rates to undermine the US economy as they have done in Europe.
Unlike the 2008 crisis where the time bombs were private debt, Tuesday’s abrupt rise in short-term rates wasn’t obvious that the financial system was in trouble because sovereign debt is assumed to be AAA and risk-free. Not sure whoever started that huge lie.
Nevertheless, we have a convergence of forces which are creating the perfect financial storm on the horizon. Immediately, corporate tax payments are due so corps have less cash to sell overnight. Then there are big Treasury auctions as deficits continue to rise for governments always borrow, yet never pay off the debt as if this can continue without end.
I have been warning that we are headed into a major financial crisis that will be a liquidity event which involves government – not simply the private sector as was the case in 2008. So buckle-up. I have been warning this is something NOBODY has ever witnessed before and if Socrates was actually alive, he would be screaming bloody-murder by now. The Institutional Bond Report will be going out to all our Institutional Clients. Those who have been thinking about joining our Institutional client base can purchase a copy $3,500
Aleksandr Solzhentisyn, who saw the starvation and brutality of The Gulag Archipelago, said “prosperity breeds idiots.” That helps to explain the existence of AOC, Bernie Sanders and other so-called social-democrats and Progressives. It doesn’t explain why Ocasio-Cortez and countless others like her have learned nothing from the slaughter of millions that came as a direct result of their beloved ideology. Bill Whittle, Stephen Green and Scott Ott bring you five episodes of Right Angle each week thanks to the Members who fund these productions. Join us today at https://BillWhittle.com/register/
Democrat Presidential candidate Rep. Beto O’Rourke drew a huge cheer at the last debate when he said, “Hell yes, we’re going to take your AR-15, your AK-47…” Let’s imagine that the Texas lawmaker miraculously gets to the White House and attempts to keep that promise. Bill Whittle, Scott Ott and Stephen Green game it out. Will gun owners compliantly turnover their weapons, or will Beto finally learn the meaning of his home state credo: “Come and Take It”? (Hat tip to a Spartan King Leonidas I, who at the Battle of Thermopylae allegedly said, ” μολὼν λαβέ,” which is ancient Greek for, “Hell No, Beto.).
COMMENT: You were right Martin! Demonetization was one of the worst decisions by the Modi government, the country is now suffering from that…. economy has gone down, but the new govt will not admit it. They believe the Millenials are to blame!
JPM (India)
REPLY: After nearly 40 years of dealing with governments throughout the world, I have yet to hear any government EVER admit blame for causing an event.
I was called in for research on the 1987 Crash as we had clients on the Commission. Not only did we forecast the crash to the day, but we came out on the day of the low and forecast new highs by 1989. The Energy models showed the move was over.
Despite all of that, I stressed that the entire crisis was set in motion by the formation of the G5 and their pronouncement that they “wanted” to see the dollar fall by 40% for trade purposes in 1985. The Brady Commission report went into detail about how the foreign exchange markets impacted the event. However, they would not blame the G5.
When Rubin started the same jawboning about the dollar, I wrote to him warning he would create another crash. They backed off.
QUESTION: Hi. Martin. I have read your blog for many years and I’m blown away about how much I have learned Question can you help explain how the European stock markets Like the day have risen to over 12000. With European interest rates falling.
SH
ANSWER: Capital is beginning to move already. Europe is closing in and hunting taxes. The chaos of Brexit and punishing Britain rather than addressing the economic problems has really doomed Europe.
As you can see, the peak in the PE ratio took place at the LOW in 2009, not the high. When you enter these periods of uncertainty, interest rates, dividends, and expectations of profits no longer mean anything. The primary objective is to park money in a safe place where you get it back. Banks are questionable with bail-in policies and negative interest rates. Now even gold is being targeted. Where else to go but equities
Thomas Piketty, the French economist from communism’s birthplace, is back and this time he wants to drive a stake through the heart of capitalism, end human rights, and deny equal protection of the law in the true spirit of Marxism. Now in his latest treatise, “Capital and Ideology,’’ he argues that governments should fix the inequality of wealth by confiscating all the assets of the rich thereby ending capitalism. Excuse me, but didn’t Lenin and Stalin try this once before?
Piketty has been influential, and believe it or not, his ideas are the core of Elizabeth Warren’s platform. Warren worked with two former Piketty aides to design her Wealth Tax proposal.
The idea of communism actually emerged during the French Revolution. It was an experiment known as the Parisian Commune of 1793. Marx concluded ultimately that the power of the state, and the duty of citizenship, must be subordinate to the state by necessity. If that principle stands, there can never be liberty. It was the French who convinced Marx that socialism was not enough. There had to be the forced subordination of all people to the will of the state. This is the core of what Piketty is really all about. He is still speaking from a French view that has prevailed since the revolution during the Commune Movement.
France has one of the worst economies in Europe. It has opposed free trade to support uncompetitive jobs. France has been unfavorable to capital investment which has kept the nation from really participating as a leading economy in the 21st century. France has been unable to test, no less exceed, its 2000 high. Now Piketty wishes to spread the worst of France to the rest of the world. This is like going to dinner with a friend and they taste something so bad and then offer it to you to see how bad it really tastes.
A basic primer on UN Agenda 21 aka Sustainable Development
This image is of Petsche’s world with him in the shining city and the rest of us in poverty. Brecksville has been targeted for take over and we must resist. Agenda 21 in all of its various flavors is nothing more than a clever means of implementing communism in America.
In One Easy Lesson
Awareness of Agenda 21 and Sustainable Development was started by Bill Clinton in 1993, 26 years ago and its US implementation is now at the local level across the nation. Bike paths are a key part of the program. Some citizens in community after community are learning what their city planners are actually up to. As awareness grows many complain that elected officials just won’t read detailed reports or watch long videos.
So here is some help. A starter kit of information on Agenda 21 that can be used to get started. A word of caution, use this as a starter kit, but do not allow it to be your only knowledge of this very complex subject. To kill it you have to know the facts. Research, know your details; discover the NGO players in your community; identify who is victimized by the policies and recruit them to your fight; and then kill Agenda 21. That’s how it must be done. The information below is only your first step. Happy hunting.
What is Sustainable Development?
According to its authors, the objective of sustainable development is to integrate economic, social and environmental policies in order to achieve reduced consumption, social equity, and the preservation and restoration of biodiversity. Sustainablists insist that every societal decision be based on environmental impact, focusing on three components; global land use, global education, and global population control and reduction.
Social Equity (Social injustice)
Social justice is described as the right and opportunity of all people “to benefit equally from the resources afforded us by society and the environment.” Redistribution of wealth. Private property is a social injustice since not everyone can build wealth from it. National sovereignty is a social injustice. Universal health care is a social injustice. All part of Agenda 21 policy.
Economic Prosperity
Public Private Partnerships (PPP). Special dealings between government and certain, chosen corporations which get tax breaks, grants and the government’s power of
Eminent Domain to implement sustainable policy. Government-sanctioned monopolies.
Local Sustainable Development policies
Smart Growth, Wildlands Project, Resilient Cities, Regional Visioning Projects, STAR Sustainable Communities, Green jobs, Green Building Codes, “Going Green,” Alternative Energy, Local Visioning, facilitators, regional planning, historic preservation, conservation easements, development rights, sustainable farming, comprehensive planning, growth management, consensus.
Who is behind it?
ICLEI – Local Governments for Sustainability (formally, International Council for Local Environmental Initiatives). Communities pay ICLEI dues to provide “local” community plans, software, training, etc. Additional groups include American Planning Association, The Renaissance Planning Group, International City/ County Management Group, aided by US Mayors Conference, National Governors Association, National League of Cities, National Association of County Administrators and many more private organizations and official government agencies. Foundation and government grants drive the process.
Where did it originate?
The term Sustainable Development was first introduced to the world in the pages of a 1987 report (Our Common Future) produced by the United Nations World Commission on Environmental and Development, authored by Gro Harlem Brundtland, VP of the World Socialist Party. The term was first offered as official UN policy in 1992, in a document called UN Sustainable Development Agenda 21, issued at the UN’s Earth Summit, today referred to simply as Agenda 21.
What gives Agenda 21 Ruling Authority?
More than 178 nations adopted Agenda 21 as official policy during a signing ceremony at the Earth Summit. US president George H.W. Bush signed the document for the US. In signing, each nation pledge to adopt the goals of Agenda 21. In 1993, President Bill Clinton, in compliance with Agenda 21, signed Executive Order #12852 to create the President’s Council on Sustainable Development in order to “harmonize” US environmental policy with UN directives as outlined in Agenda 21. The EO directed all agencies of the Federal Government to work with state and local community governments in a joint effort “reinvent” government using the guidelines outlined in Agenda 21. As a result, with the assistance of groups like ICLEI, Sustainable Development is now emerging as government policy in every town, county and state in the nation.
Revealing Quotes From the Planners
“Agenda 21 proposes an array of actions which are intended to be implemented by EVERY person on Earth…it calls for specific changes in the activities of ALL people… Effective execution of Agenda 21 will REQUIRE a profound reorientation of ALL humans, unlike anything the world has ever experienced… ” Agenda 21: The Earth Summit Strategy to Save Our Planet (Earthpress, 1993). Emphases – DR
Urgent to implement – but we don’t know what it is!
“The realities of life on our planet dictate that continued economic development as we know it cannot be sustained…Sustainable development, therefore is a program of action for local and global economic reform – a program that has yet to be fully defined.” The Local Agenda 21 Planning Guide, published by ICLEI, 1996.
“No one fully understands how or even, if, sustainable development can be achieved; however, there is growing consensus that it must be accomplished at the local level if it is ever to be achieved on a global basis.” The Local Agenda 21 Planning Guide, published by ICLEI, 1996.
Agenda 21 and Private Property
“Land…cannot be treated as an ordinary asset, controlled by individuals and subject to the pressures and inefficiencies of the market. Private land ownership is also a principal instrument of accumulation and concentration of wealth, therefore contributes to social injustice.” From the report from the 1976 UN’s Habitat I Conference.
“Private land use decisions are often driven by strong economic incentives that result in several ecological and aesthetic consequences…The key to overcoming it is through public policy…” Report from the President’s Council on Sustainable Development, page 112.
“Current lifestyles and consumption patterns of the affluent middle class – involving high meat intake, use of fossil fuels, appliances, home and work air conditioning, and suburban housing are not sustainable.” Maurice Strong, Secretary General of the UN’s Earth Summit, 1992.
Reinvention of Government
“We need a new collaborative decision process that leads to better decisions, more rapid change, and more sensible use of human, natural and financial resources in achieving our goals.” Report from the President’s Council on Sustainable Development
“Individual rights will have to take a back seat to the collective.” Harvey Ruvin, Vice Chairman, ICLEI. The Wildlands Project
“We must make this place an insecure and inhospitable place for Capitalists and their projects – we must reclaim the roads and plowed lands, halt dam construction, tear down existing dams, free shackled rivers and return to wilderness millions of tens of millions of acres or presently settled land.” Dave Foreman, Earth First.
What is not sustainable?
Ski runs, grazing of livestock, plowing of soil, building fences, industry, single family homes, paved and tarred roads, logging activities, dams and reservoirs, power line construction, and economic systems that fail to set proper value on the environment.” UN’s Biodiversity Assessment Report.
Hide Agenda 21’s UN roots from the people
“Participating in a UN advocated planning process would very likely bring out many of the conspiracy- fixated groups and individuals in our society… This segment of our society who fear ‘one-world government’ and a UN invasion of the United States through which our individual freedom would be stripped away would actively work to defeat any elected official who joined ‘the conspiracy’ by undertaking LA21. So we call our process something else, such as comprehensive planning, growth management or smart growth.” J. Gary Lawrence, advisor to President Clinton’s Council on Sustainable Development.
“False Choice” – How Sustainable Development is Transforming Property Rights *NEW!*
U.S. House of Representatives Approves Participation in Agenda 21
In this October 2, 1992 session, the House of Representatives passed HC 353, a resolution calling for the U.S. to assume a strong leadership role in implementing the sustainable development recommendations of the Rio Earth Summit including Agenda 21. Hear sponsors E. Engel (D-NY), N. Pelosi (D-CA) and W. Bloomfield (R-MI).
How Agenda 21 Affects Your Property Rights:
Explanation of The Wildlands Project:
Downloadable Documents
(Scroll down to see the categories below)
Understanding Agenda 21/Sustainable Development
Tracing the History of Agenda 21/Sustainable Development
Legislation Addressing the Threat of Agenda 21/Sustainable Development
Taking Action to Expose Agenda 21/Sustainable Development
Examples of Agenda 21/Sustainable Development’s Impact on Property Rights
Links to United Nations Websites
Sources for Further Information
1. Understanding Agenda 21/Sustainable Development
This single sheet makes the step by step connection between UN Agenda 21, sustainable development, Smart Growth and local planning activities. It includes sources so you can do your own checking.
Citizens can present the following two page document to their public officials. It contains suggestions for how to protect the rights of property owners and still keep the environment safe.
While conservation easements are widely praised as a way to save the environment and keep property rights, in fact, in the long term they often do neither. The article, “Big Meadows, Big Mistake” tells the “rest of the story” on Conservation Easements.
This conference created the baseline for the UN’s viewpoint and future actions regarding individual property rights. See pdf page 2 [document page 28] under, Land – Preamble, for their stance on private property. This position is reflected in policies being enacted across the U.S. today.
This definition easily identifies UN Agenda 21 related initiatives as it traversed from various reports to the U.S and into our federal agencies. The full report can be found here.
In this candid 1997 interview, ICLEI founder explains how he was tapped to create an organization to “make sure this agreement [Agenda 21/sustainable development] among nations actually will get implemented…”
The Rio Declaration outlines the framework of Agenda 21. It was agreed to by President George H.W. Bush in 1992, thereby establishing official recognition of Agenda 21 by the U.S.. The complete 40 chapter United Nation’s Agenda 21 report can be found here.
President Clinton signed Executive Order 12852 in 1993, which created the President’s Council on Sustainable Development. Here is a copy of that Executive Order.
This article in the Millennium Papers describes how the name Agenda 21 was replaced with terms such as Smart Growth, Growth Management and Comprehensive Planning to prevent Americans from recognizing the connection to the United Nations. See highlighted page 5.
These pages from the Federal Register clearly indicate that the EPA’s Challenge Grant Program was created for the purpose of implementing Agenda 21 in the U.S.. See the highlighted section on page 2.
This scientific document shows, under the highlighted section,s how the EPA today still follows the basic definitions of sustainable development as defined by the UN’s Brundtland Commission, in their newest decision making process.
In 2009, these three federal agencies partnered using ‘livability’ principles to gain greater involvement in local planning and regulations. Read the ‘Livability Principles” and the “Partnership Agreement.” Notice the affect the federal government can have on your community. See more below.
This HUD Notice of Funds Available clearly shows that along with the grant money come mandates and requirements for social engineering in the form of social equity.
Pres. Obama signed this EO in June of 2011 giving each of the Federal agencies authority over the “food, fiber and energy” for all of rural America or 16% of the US. Control of resources is a key requirement of sustainable development as it enables the governing authority the power to manage their useage more efficiently than individuals and communites.
In March 2012, Pres. Obama signed this EO giving HUD the authority to engage in city, community and regional planning to “augment their vision for stability and economic growth…” This EO insures that “Federal assistance is more efficiently provided and used.” HUD now has the ability to create regulations to enforce that local and regional planning the government feels is beneficial to the fiscal stability of the US.
This partnership is changing the landscape of rural America. Once allowed into your community, the HUD-DOT-EPA partnership defines what qualities your “liveable” locality must include. More transportation choices invariably means more light rail transit and bicycles. The government defines the character, context and needs of each community with token input from citizens. Social enguineering is inherent in what the government calls, “equitable housing, sustainable strategies and value communities.” Most of the plans look appealing in slide presentations, but, once implemented, local citizens are stuck with regulations imposed by the government that offer little future variation and minimal if any opportunity to return to a way of living you may find more desirable. As one planner said, “You will be able to live in a rural area if you want to…but it will cost you.”
Here, in friendly sounding terms, the Secretaries of HUD, DOT and the EPA make it clear the federal government intends to manage your commuunity design, make it livable and environmentally green, all according to their needs and definitions. Each of the projects and grants, though verbally and graphically enticing, precisely echo the Vancouver Plan of Action. The results are exactly as defined in Vancouver in 1976.
In January of 2012, the EPA changed their decision making process to embrace sustainable development as defined in the UN’s 1987 Brundtland Report. In April 2012, the agency created plans to incorporate civil rights regulations in their environmental policy to establish a basis for environmental justice.
3. Legislation Addressing the Threat of Agenda 21/Sustainable Development
In January, 2012, the Republican National Committee unanimously approved an historic resolution exposing the dangers of United Nations Agenda 21, ICLEI and the loss of private property ownership, single family homes, private car ownership, individual travel choices and privately owned farms under the banner of “sustainable development” and Smart Growth.
For the first time, the leadership of one of the two major American political parties acknowledged that so-called “social justice” is robbing our society and the environment and replacing our sovereignty with a socialist/communist wealth redistribution scheme. Please read this document carefully and share it freely.
New Hampshire’s bill prevent the state, counties, cities and towns from contracting with or accepting money from ICLEI, a large non-governmental orgnaization[NGO] implementing Agenda 21 throughout the U.S.
The Property Rights Council provides a committee to review planning documents and agreements prior to acceptance to assure that property owner’s rights are not exploited by planners or governmental agencies. For further information, go here.
The EPA, under the Clean Water Act, expanded its control over citizen’s private property by redefining navigable waters to include certain artificially irrigated areas, artificial lakes and ponds used for irrigation, non-navigable tributaries to navigable waters, wetlands abutting relatively permanent waters and more. This bill defines “navigable” waters as those that are actually “navigable.”
This bill prohibits Alabama and its political subdivisions from adopting environmental and developmental policies that, without due process, infringe or restrirct private property rights of property owners. Further, it prohibits policies that are traceable to “Agenda 21″ as adopted by the United Nations in 1992 at its Conference on Environment and Development.
This Florida bill protects all state subdivisions from adopting any developmental policies that, without due process, infringe or restrict the private property rights of the property owner. It specifically mentions any policy recommendations traceable to Agenda 21 as adopted by the UN at the 1992 Conference on Environment and Development. This would include those policies recommended by Non-Governmental Organizations and Federal Agency regulations that are Agenda 21 related.
4. Taking Action to Expose Agenda 21/Sustainable Development
The Coordination Strategy can slow or stop planning processes that may endanger individual property rights. Most federal agencies are required by law to coordinate their plans that will impact the local community with local governments. Often this does not happen as most local governmens are not aware of this requirement, or do not know how to implement the process. When local governments assert coordination authority, the federal agencies must respond.
Recently, the American Planning Association circulated a fact sheet titled, Agenda 21: Myths and Facts. The APA is a large and highly respected planning organization, that often does exemplary work. But their “fact” sheet is rife with distortions, misconceptions and inaccuracies. This document provides information to respond to the APA’s errors.
The American Planning Association, rather than address critics’ concerns for private property rights, chose to re-brand their information by creating a new vocabulary. This transparent attempt to confuse the public while making it easier to implement their own chosen plans sidesteps citizens’ genuine concern for individual rights.
5. Examples of Agenda 21/Sustainable Development’s Impact on Property Rights
Form-based codes are a programmed method for replacing existing zoning regulations with boilerplate zoning and development code models. They make it easier to implement Agenda 21 type plan enforcement. Form-based codes often replace the need for local zoning ordinances and reduce the role of public officials. Once installed, form-based codes become the new laws governing a wide range of activities in your community.
Here is the introduction to a book describing form-based codes. When promoting this method of codification, promoters often show audiences live PowerPoint presentations of their current community followed by dazzling pictures of what their town can become. Most citizens are so impressed with the stunning design work, they overlook the draconian regulations and potential loss of rights that accompany the plans. Notice the fifth paragraph on page 14 in which Peter Katz, Pres. of the Form-Based Codes Institute, describes how to use the “charette” process to manipulate public responses.
I have said this many times, when it comes to understanding interest rates Trump is speaking the standard mantra that people apply when it comes to interest rates. Trump is a borrower, not a lender. His bankruptcies were the result of the business cycle and he leverages himself to the hilt so when the recession comes, he gets in trouble and when it is booming he claims to be a fantastic investor. But he is no trader. He could have hedged the business cycle but did not.
This latest rant that interest rates should be lower illustrates he is a borrower and not a lender. Therefore, he views that lowering interest rates will be bullish when in fact lower interest rates wipe out the savers.
Sorry, I do not agree with this and more than 10-years of low to stupidly low interest rates have FAILED to reverse the economic declines in Europe or Japan. Europe is approaching its 13th year of economic recession. When we look at the German share market, the strongest in Europe, it still has not exceeded the 2000 high on the Price Index. So much for lower interest rates boosting the share market.
Hello President Trump! You better look for some REAL advisers.
QUESTION: I mentioned that you said the stock market rallies with rising rates and declines with lower rates to an analyst. He said you were wrong and everyone knows that is not true and President Trump just came out calling on the Fed to lower rates to zero of negative.
You have only showed 1929 as your example. Can you support your argument otherwise?
Skeptical
REPLY: Well skeptical, we need people like you on the opposite side. It is not my job to convince you. Trump is a borrower and only sees the world through his personal experience. The people with savings and pension funds are being wiped out. That is a statement he has made which is HIGHLYdangerous and proves I do not advise Trump which seems to be a Democratic accusation running around.
I do not care what period you look at. This notorious group of “everyone” illustrates that if you tell a lie long enough, you yourself will believe what you are saying. These people constituting everyone just repeat what others say without any verification whatsoever. They even teach this nonsense in school. I had one student who said his professor was teaching the same nonsense.
I fully understand that the talking heads on TV also portray the stock market from the borrower’s viewpoint just as Trump has done. Not everyone borrows and the big money does not. So if people believe what they want to believe. I prefer to assemble the largest possible database, correlate everything, and see how the world REALLY ticks. So believe what you want. There are always two-sides to a market so I fully respect that it is ABSOLUTELY vital that the major be on the wrong side for that is what makes the markets move.
The heart of the 21st Century progressive movement is an offshoot of the old progressive movement started in the early 20th Century over one hundred years ago. The change from the original goals to the more recent goals today started with the Kyoto accords and UN agenda 21 in the late 1980’s. The program was promoted as what would be required to bring the third world into the modern word of sustainability. However the real motivations of Agenda 21 were not the third world they were Europe and North America and how to seize absolute power. The implementation of Agenda 21 was started by President Clinton soon after he took office and the picture of America as envisioned in 2050 is shown below. This map shows where the progressives want to move all the people in the country to — a series of ten or more extremely densely populated mega cities. Imagine 400 million people stuffed into those areas. To govern this monstrosity will require a single party large government modeled after that which exists in China today.
The links below are to three websites that show or explain what the objectives are, and they are all funded by the US Government. The first one is vibrant-2040 and the headquarters is located at the intersection of E 13th St. and Superior avenue. Its program, which is being implemented today, is to merge the suburbs into the central cities and then merge the central cities in on one large mega city. When it was formed a while back I did attend some meetings to see what was up. The organization is well funded and gets its help from the other two organizations, links following that for vibrant-2040. For now they are focusing on zoning restriction, sidewalks and bike paths. This is where Petsche and his crew get their direction from.
If they were to get elected the focus of the city of Brecksville will change from the betterment of the local community (the current method) to a globalist focus comprising of restricting cars and forcing people to walk or use bikes. By that I mean not for exercise or pleasure but for every day use like walking to Marc’s in Brecksville from Echo Hills. To facilitate that the Petsche crew will put in sidewalks and bike paths from Echo Hills to the center of Brecksville. Then they will, in concert with the other communities that their friends have already taken over start to restrict the ownership or use of cars. Given the distance from Echo Hills to Marc’s they may put in local bus lines to help you get there, which would be very nice of them after they take your cars.
This is not going to happen tomorrow but it will happen by 2040 or 2050 if we allow these kinds of radicals to get into power. So if you like Brecksville like it is, be sure to vote the right way and keep the existing very qualified team in place and lead by Mayor Hruby.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 