A better explanation of one of the ways Europe is screwing itself up: TARGET2

Once again, from Michael Shedlock: https://mishtalk.com/2017/02/24/fuse-is-lit/#more-44337

He was amusingly anti-Obama and now he is irritatingly anti-Trump . . . but he still calls the economics like he sees it. And right now he sees the Euro zone as a bomb with a lit fuse (but nobody knows how long is the fuse).

Scientists Fit Good Data To Bad, Global Warming Resumes

This is as much an online placeholder for me as for you. In the future, when people wonder “what do you mean, scientists adjust the temperature data to make it look warmer?” I can point them to this article right here. One of the two satellite-based temperature records wasn’t showing any warming, so the guys doing the recording have decided to make their very good data fit some iffy data, so it will agree with the politicians’ conclusions.

FOR SCIENCE!

Here It Comes? (again)

China’s stock markets are crashing. You can’t lose 7% a day for very many days before it’s a bad problem. This is symptomatic of a very bad problem over there. That they have spent half-a-trillion dollars supporting the Yuan against other currencies this last year, is also a bad sign.

I’ve been waiting for a late-2015/mid-2016 global recession or outright depression. This is as good a trigger as any.  Chinese markets could rebound, sure. But there’s no underlying strength in their economy – even less than in the USA’s economy (which is a house of cards, by the way).  There’s nothing really holding up the system besides faith in the system and bluster from the politicians. I’ve thought previous USA stock market dips were the beginning of the next downturn of the Great Recession and been wrong. We’ll see, I guess.

Is it A Recession Yet?

Here we are winding up 2015, and the long-awaited ugly double dip of the global depression (formerly known as the Great Recession) is still a’comin’, right on schedule.  You know what happens when your economy goes in the shitter because you’re beset with structural problems you won’t acknowledge, and then it recovers a little, but you didn’t fix the problems?

You get round two, is what.  You’re on the corner of round 2. This is what it looks like:
Underreported story 1
Underreported story 2
Underreported story 3

Your Grandkids Won’t Own Cars.

They’ll call up an autonomous transporter to pick them up at their Point A, drop them at Point B, and pay a small fare. Whether this is a governmental or private service depends on how stupid is your local government. Prices will be lower and services better where this is a private service.

The future has arrived. It is currently in testing phases.

WWIII in 3…2…

Wouldn’t it just be a kick in the head if World War III started because the various EU member nations couldn’t get their collective act together when it comes to who has to take how many “Syrian Refugees.”  They’re all trying as fast as they can to clamp their borders shut.  We’ll see how it goes, I guess.

Germany loses cool points for housing “refugees” in NAZI CONCENTRATION CAMP barracks.  USA loses as well for flying them over by their thousands on our dime with 0% of them being vetted AT ALL for connections to terrorist (read: radical fundamental Islamist) organizations.

As Yogurt said, “What a world!

What Would He Do Differently?

… or, “With Friends Like These…?”

So we have signed a deal with Iran that has the same effect as an international treaty.  It guarantees Iran will be able to have nuclear weapons.  It guarantees we will not inspect their research sites.  It guarantees we will defend Iranian nuclear sites against attack – including the most likely aggressor nation Israel, our best friend in the entire region.  Oh, and our Secretary of State never actually read the whole bargain, and never even KNEW about the side-deals that make it even worse.

And now we have word that to make the Jews feel better, the Obama offered them a bunch of ballistic missiles.

Um, derp hello?  If this President were TRYING to start World War Three, this is the sort of lamebrained shit he might pull.  And he still has a year and a half to go.

I Thought We Were Done With Slavery?

The big deal with Greece is they are broke.  German banks have lent them a pile of money so  they can pay off their creditors which are primarily German banks.  The question is how much money Greece will borrow from Germany to pay Germans.  The answer is, as much as Germans are willing to lose.

Because as stated before, Greece is broke.  They couldn’t pay back 46 billion Euro, and they sure as [deleted] can’t pay back 400 billion Euro.  So the German banks are going to lose in the end.  They are trying to get as much interest money from Greece as they can before it leaves the Euro zone.  Which it will.  The only question is, who will be blamed.