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Which of our rulers should get the “Treacherous Dickhead of the Week” award?

This is truly a week where the lunatics have taken over the asylum. Looking at what our rulers are up to, we’re spoilt for choice in picking which is the stupidest, most treacherous, most suicidal political decision of the week. There are truly some strong contenders:

1. Supporting Turkey against Russia

Under its crazy, power-mad president Erdogan, Turkey has abandoned its former secularism (division of church and state) and is rapidly turning into yet another *sl*mo-fascist, oppressive, backward, corrupt failed cesspit state. Turkey has been helping ISIL by supplying weapons and buying ISIL’s oil. Turkey has used the mess in Syria to bomb the Kurds, the only troops capable of containing ISIL. Turkey is our enemy. So, what is the West doing? Yup, we’re risking a war with civilised, non-M*sl*m Russia in order to support corrupt, *sl*mo-fascist Allahu-Akhbar-screaming lunatics in Turkey. What should we be doing? We should throw Turkey out of NATO, invite Russia to join and work with Russia to defeat our common enemy – *sl*m

2. Refugee deal with excremental Turkey

And here’s yet another treacherous stupidity concerning Turkey. We’re going to give Turkey’s utterly corrupt ruling elites around €3bn a year in return for some vague promises about reducing the flow of precisely the same migrants that the idiotic German witch, Angela Merkel, invited to come to Europe. Merkel screws up big time, we have to pay. How much of this money will ever reach the refugees it’s intended for? Judging by the levels of corruption in Turkey, it’s likely that around 80% to 90% will be siphoned off by Turkey’s rulers. I wonder what Mr Erdogan and his family and cronies will do with all our cash?

3. Barging into another Middle East quagmire

On this one Corbyn, amazingly, is right. Cameron has not made the case for British bombing in Syria. (If anything we should be bombing Rotherham, Luton, Birmingham and Tower Hamlets where our real enemies are). Moreover, Cameron’s claim of 70,000 ‘moderate’ Syrian anti-Assad rebels is as big and blatant a lie as Blair’s infamous 45-minute WMDs in Iraq. Anyway, why are we rushing to war to support France? France laughed when London was bombed. France sold Exocet missiles to Argentina during the Falklands War. Hollande could have conducted the hundreds of raids on *sl*mic extremists, which found over 230 weapons, before, rather than after, the Paris slaughter. But political correctness prevented France from doing anything. The 130 Paris dead were killed by as much political correctness as by mad Muzzies. As for our supposed ‘ally’ France, let the cowardly, treacherous French fight their own battles.

4. Climate change farce in Paris

And here we are in Paris again. About 200 ‘world leaders’ will meet to deal with the non-existent threat of Anthropogenic Global Warming. At the conference of the stupid and the corrupt, a group of venal Third World kleptocrats will demand (and probably get) hundreds of billions in supposed ‘compensation’ for the effects of Global Warming. What nobody will mention is that the very same venal scumbags already get $135bn a year in foreign aid – over 80% of which is looted and ends up in offshore tax havens as anyone who has viewed my short (4 minutes) YouTube video will know https://www.youtube.com/watch?v=Ds7XQJFBYTk

5. Welcoming the new “Supercultural Society”

But perhaps the “Treacherous Dickhead of the Week” award should go to Stefanie von Berg, a Green Party member of Hamburg’s local assembly who recently gave a speech celebrating that Germans would soon be a minority in their own country and that Germany would become what she called a “supercultural society“.

By any measure—military, economic, scientific— M*sl*m countries, compared to the West, are a ghastly, perverted joke. And we should be able to crush the madness of intolerant, backward *sl*m with ease. But what the M*sl*ms do have is this: A cringing, cowardly, supine population of treacherous white Western rulers who loathe their culture, traditions, history and, most of all, their own people and stupidly and irrationally try to placate the third-world hordes who want to over-run their countries and kill their people.

Here are 50 seconds of Ms von Berg in all her glory. Please admire her treacherous stupidity:

https://www.youtube.com/watch?v=k-KaFRbdXMI

21 comments to Which of our rulers should get the “Treacherous Dickhead of the Week” award?

  • Bernard from Bucks

    It’s amazing that John Betjeman saw your solution to this, as far back as 1937.
    “Come friendly bombs and fall on Slough! It isn’t fit for humans now.”
    You can certainly add Slough to your list of Rotherham, Luton, Birmingham and Tower Hamlets for b*mb*ng.
    But whatever you do, don’t mention ‘airports’. You can get arrested for joking about that.

  • NoMore

    The invaders are now embedded in every strategic industry in the country now: food preparation (bearded lunatic muttering superstitious nonsense before brutally slaying a fellow creature), immigration (oh sir you forgot to add your wife’s cousin’s family on your request list), airport security (islumic beard sir? why pass on through but try to stop that metallic clinking), NHS (rumours of a secret cabal of m*sl!m doctors deliberately misdiagnosing infidel patients (oh that’s not cancer sir!)), water companies (Abdul’s adding the chlorine today!), schools (say no more), media (BBC’s head of religion etc.), police, nuclear power (twofer here – sell the secrets to Iran then set up a Three Mile Island event). If Traitor Dave or his boss got assassinated by a true patriot I’d open a good bottle of wine quite frankly.

  • tony potts

    It has to be its got to be Dave the Dickhead Cameron, ‘No Ifs No Buts’

  • tony potts

    Turks get Visa free travel to EU that means HERE.
    Latest news from Turkish newspaper.

    More people infected with HIV in Turkey this year.

    The number of patients infected with the HIV virus has increased in Turkey over the past year, according to Hayati Demiraslan, an academic at the Medical Faculty of Erciyes University in the Central Anatolian province of Kayseri.

    http://www.hurriyetdailynews.com/more-people-infected-with-hiv-in-turkey-this-year.aspx?pageID=238&nID=91796&NewsCatID=373

  • Fred the shred

    November 28, 2015
    Muslim invaders spreading HIV across Europe at an alarming rate.

    The attacks against European civilization by Muslim colonizers come from many directions – one of which is the rise in infectious diseases imported with many colonizers.

    Including HIV.

    Breitbart reports that the World Health Organization (WHO) director for Europe has stated that Europe now has the highest rate of new HIV infections ever seen on the continent. And while infection rates are directly tied to IV drug use and sex between men, the director also noted that newly arrived “migrants” have a particularly high rate of infection. Although “migrants” constitute a fraction of the total population, they (and non-native Europeans) account for one third of all new HIV diagnoses in Europe.

    One might be surprised to hear a director from WHO speak truthfully on this matter, since the authorities tend to gloss over anything bad about Muslim “refugees.”

    The director blamed the high rate of HIV infection among migrants on the “social exclusion” many of them feel – exclusion that increases the likelihood of them engaging in risky behavior.

    And there you have it. The rationale for Muslims behaving badly.

    http://www.americanthinker.com/blog/2015/11/muslim_invaders_spreading_hiv_across_europe_at_an_alarming_rate.html

    So there you have EUROPE’s HIGHEST NEW HIV INFECTION RATE’S EVER.

    You wont see that on the British Burkha Corporation.
    I hope CAMERON’s kids like to play with Refugees.

  • Adam

    The people of Oldham could take a tiny step on Thursday to reverse the trend.

    But they probably won’t.

  • Rootin For Putin

    Rampage of Ungrateful Muslim illegal Immigrant Refugees In Europe.

    “The Rasool of Allah promises all Moslems who Fight, Kill non Moslems and Die for Allah will be rewarded with 72 Luscious Houri Virgins. Qu’ran 78:32 Gardens and grapevines, And full-breasted [companions] of equal age, And a full cup. Sunan Ibn Majah Zuhd 39: Abu Umama narrated: “The Messenger of God said, ”

    Welcome to Europe, the new Hell on Earth.

  • Rootin For Putin

    NATO supports Turkey in downed Russian jet incident, Turkish PM says no apology.

    NATO has pledged support to Turkey over the downing of the Russian fighter jet which violated Turkish airspace on Nov. 24, while Turkish Prime Minister Ahmet Davutoğlu has said there will be no apology for the incident.

    Speaking before members of the press after a meeting in Brussels on Nov. 30, NATO Secretary General Jens Stoltenberg said the North Atlantic Alliance was pledging support to Turkey in its efforts to defend its borders.

    http://www.hurriyetdailynews.com/nato-supports-turkey-in-downed-russian-jet-incident-turkish-pm-says-no-apology.aspx?pageID=238&nID=91873&NewsCatID=510

    NATO supports blasting aircraft out of the skies at will.

  • tony potts

    Just how much do we need to know before we get it??? To Hell with Turkey!!!

    CIA Moves Wounded ISIS Head to Turkish Hospital After Iraq Air Attack.

    http://www.veteranstoday.com/2015/10/14/cia-moves-wounded-isis-head-to-turkish-hospital-after-iraq-air-attack/

    Isis: Turkey throws Kobani hero in jail – while treating islamist commander in hospital.

    http://www.ibtimes.co.uk/isis-turkey-throws-kobane-hero-jail-while-treating-islamist-commander-hospital-1490842

    Turkish President Erdogan’s Daughter Heads ‘Covert’ Medical Facility for Treating Injured Isis Fighters: Report

    http://www.ibtimes.co.in/turkish-president-erdogans-daughter-heads-covert-medical-facility-treating-injured-isis-640117

  • tony potts

    In The Now has released a video that shows that there is more to the brutal murder of a Russian pilot than the mainstream media wants you to know.

    Tellingly, the “Commander” for the “moderate” “Turkman” fighters who shot at and killed one pilot in cold blood, was in fact the son of a former Turkish mayor… his name is Alpaslan “Celik” Steel, and he is a member of a violent TURKISH militant group with links to the Turkish MHP, an ideologically far-right party.

    At best, this means that Turkey’s government had engineered the entire interview with the “Turkman commander” for its own propaganda purposes. At worst, a Turkish political party had arranged for the execution of the Russian pilots, thus committing a war crime, and NOT some random ISIS-inspired “moderate” rebel.

    http://anonhq.com/video-russian-pilot-execution-mainstream-media-doesnt-want-know/

  • tony potts

    Conclusive Evidence The USA Supported Emergence Of ISIS.

    Anyone thinking that Western powers would have stopped ISIS in its tracks if intelligence services had only predicted its emergence a little earlier should watch this short video.

    Ben Swann’s ‘Reality Check’ exposes how secret documents leaked earlier this year prove beyond any doubt the Pentagon knew about the group we now call ISIS three years ago. The documents are from 2012 and were leaked by Judicial Watch. They back up claims that the most violent terrorist organization in history was not only known to the West but actively encouraged (and possibly even funded by them) as part of a much bigger geopolitical game of chess to destabilize the region. The documents show how:

    Western intelligence knew very well that fundamentalist radicals (Salafists and Wahabi’ists) were gathering forces. They were not stopped at the time because it was thought the extremists would be useful in the allied goal of ousting President Assad.
    Back then, we didn’t have a term for these extremists.We now recognize them as ISIS/ISIL.
    The West sent arms from Benghazi in Libya to Syria to aid these extremists.
    The Pentagon predicted “a possibility of establishing a declared or undeclared Salafist principality in Eastern Syria,” and not only did they predict it, they actually wanted it to happen:
    …”and this is exactly what the supporting powers to the opposition [The USA, Saudi Arabia, Qatar, Europe] want in order to isolate the Syrian regime,” states the document.
    China, Iran and Russia’s support for Assad as the legitimate President of Syria caused huge problems for Pentagon strategy, which is why the West hates the idea of Russia bombing ISIS (ever wondered why that is? Well, now you know).

    http://anonhq.com/conclusive-evidence-the-usa-supported-emergence-of-isis/

  • Mish trews

    London is no longer English city – John Cleese.

    https://www.youtube.com/watch?v=uxm1mqbgxcM

    I will tell you why John its called the Anti Multiculutralism, White Flight. Multiculturalism has never existed existed peacfully, doesnt now and never will. Thats why the Indians have been fighting Muslim gunmen within the last few days, Mindanao Southern Island of the Philippines bordering Malaysia, Southern States of Thailand bordering Malaysia are battle grounds with Muslims. Indonesia now hosts Christian church burnings.

    http://www.foxnews.com/world/2015/11/12/christians-facing-indonesian-jihad-as-churches-burned-on-imams-orders-report/

    https://en.wikipedia.org/wiki/South_Thailand_insurgency

    https://en.wikipedia.org/wiki/Terrorism_in_the_Philippines

    http://www.thestar.com/news/world/2015/09/19/gunmen-kill-father-3-year-old-son-during-clash-in-kashmir.html

    And lots of other places in the World, Oh and you can add Paris now.

  • MGJ

    You pose a difficult question as they are all strong contenders.

    However my vote goes to the Green woman. Not so much to her personally but as a representative of all those whose views she represents.

    In the same way that a few mad muzzies are irrelevant without the other billion who – to put it mildly – fail to condemn them, the Camerons and Merkels of this world are likewise irrelevant without the fools who cheer them on.

  • Mish trews

    The title belongs to someone that is not on you list David.

    Top 10 Reasons George Soros Is Dangerous

    Number 10. Delusions: Soros has repeatedly said that he sees himself as a messianic figure. Who but a megalomaniac would make these comments? “I admit that I have always harbored an exaggerated view of my self-importance—to put it bluntly, I fancied myself as some kind of god” or “I carried some rather potent messianic fantasies with me from childhood, which I felt I had to control, otherwise I might end up in the loony bin.” If only the loony bin were an option. As it is, one of the wealthiest men in the world is using his billions to impose a radical agenda on America.

    The other 9 are here:

    http://humanevents.com/2011/04/02/top-10-reasons-george-soros-is-dangerous/

  • Mish trews

    Prosecutors ban Soros Foundation as ‘threat to Russian national security’

    The Russian Prosecutor General’s Office has recognized George Soros’s Open Society Institute and another affiliated organization as undesirable groups, banning Russian citizens and organizations from participation in any of their projects.
    In a statement released on Monday, prosecutors said the activities of the Open Society Institute and the Open Society Institute Assistance Foundation were a threat to the foundations of Russia’s Constitutional order and national security. They added that the Justice Ministry would be duly informed about these conclusions and would add the two groups to Russia’s list of undesirable foreign organizations.

  • tony potts

    Ah yes Climate Change, note they dont call it Global Warming anymore because there isnt any.

    Top Physicist Freeman Dyson: Obama ‘Took the Wrong Side’ on Climate Change.

    Dyson’s name looms large in the scientific and political worlds. He taught physics at Princeton University, worked as a civilian scientist for the Royal Air Force in World War II, and has advised the government on many scientific and technical matters.

    Dyson is a member of the National Academy of Sciences and the Royal Society of London. Among the honors he has received over the years are the Enrico Fermi Award, the Templeton Prize, and the J. Robert Oppenheimer Memorial Prize.

    Dyson said the lucrative nature of pushing a climate change agenda based on models predicting drastic consequences is only part of the problem.

    “It is true that there’s a large community of people who make their money by scaring the public, so money is certainly involved to some extent, but I don’t think that’s the full explanation,” he said.

    Dyson compared the “mood of the times,” today to that of the pre-World War I period.

    “It’s like a hundred years ago, before World War I, there was this insane craving for doom, which in a way, helped cause World War I,” said Dyson. “People like the poet Rupert Brooke were glorifying war as an escape from the dullness of modern life. [There was] the feeling we’d gone soft and degenerate, and war would be good for us all.”

    “That was in the air leading up to World War I, and in some ways it’s in the air today,” Dyson said.

    http://www.cnsnews.com/blog/mairead-mcardle/top-physicist-freeman-dyson-obama-took-wrong-side-climate-change

    …………………………………

    It Was All a Lie! German Scientist Confirms NASA Fiddled with Climate Data.

    A German professor has confirmed what skeptics from Britain to the US have long suspected: that NASA’s Goddard Institute of Space Studies has largely invented “global warming” by tampering with the raw temperature data records.

    Professor Dr. Friedrich Karl Ewert is a retired geologist and data computation expert. He has painstakingly examined and tabulated all NASA GISS’s temperature data series, taken from 1153 stations and going back to 1881. His conclusion: that if you look at the raw data, as opposed to NASA’s revisions, you’ll find that since 1940 the planet has been cooling, not warming.

    According to Günter Ederer, the German journalist who has reported on Ewert’s findings:

    From the publicly available data, Ewert made an unbelievable discovery: Between the years 2010 and 2012 the data measured since 1881 were altered so that they showed a significant warming, especially after 1950. […] A comparison of the data from 2010 with the data of 2012 shows that NASA-GISS had altered its own datasets so that especially after WWII a clear warming appears – although it never existed.

    Apart from Australia, the planet has in fact been on a cooling trend:

    Using the NASA data from 2010 the surface temperature globally from 1940 until today has fallen by 1.110°C, and since 2000 it has fallen 0.4223°C […]. The cooling has hit every continent except for Australia, which warmed by 0.6339°C since 2000. The figures for Europe: From 1940 to 2010, using the data from 2010, there was a cooling of 0.5465°C and a cooling of 0.3739°C since 2000.

    But the activist scientists at NASA GISS – initially led by James Hansen (pictured above), later by Gavin Schmidt – wanted the records they are in charge of maintaining to show warming not cooling, so they began systematically adjusting the data for various spurious reasons using ten different methods.

    http://www.thegatewaypundit.com/2015/11/it-was-all-a-lie-german-scientist-confirms-nasa-fiddled-with-climate-data/

    ……………………………………..

    Global warming the greatest scam in history’ claims founder of Weather Channel

    THE debate about climate change is finished – because it has been categorically proved NOT to exist, one of the world’s best known climate change sceptic has claimed.

    In an open letter attacking the Intergovernmental Panel on Climate Change, he wrote: “The ocean is not rising significantly.

    “The polar ice is increasing, not melting away. Polar Bears are increasing in number.

    “Heat waves have actually diminished, not increased. There is not an uptick in the number or strength of storms (in fact storms are diminishing).

    “I have studied this topic seriously for years. It has become a political and environment agenda item, but the science is not valid.”

    http://www.express.co.uk/news/clarifications-corrections/526191/Climate-change-is-a-lie-global-warming-not-real-claims-weather-channel-founder

    …………………………………
    Ten years too late, it’s good riddance to wind farms – one of the most dangerous delusions of our age

    http://www.dailymail.co.uk/debate/article-2225544/Good-riddance-wind-farms–dangerous-delusions-age.html

    Bonanza
    What made this even more piquant was the fact that Mr Hayes chose to drop this bombshell just hours before attending a conference in Glasgow staged by RenewableUK, the professional lobby group for Britain’s wind industry.
    These are the very people who for years have been making fortunes out of the greatest public subsidy bonanza of modern times. Now Mr Hayes is to stop their gravy train in its tracks.
    It will give them the biggest shock of their professional lives.

    Ludicrous
    I have been following this extraordinary story for ten years ever since, in 2002, I first began looking carefully at what really lay behind this deceptive obsession with the charms of wind power. It didn’t take me long, talking to experts and reading up on the technical facts, to see that the fashionable enthusiasm for wind energy was based on a colossal illusion.
    I first warned about what I called ‘the greatest mistake in our history’ in an article in the Mail almost ten years ago.

    So unreliable are wind turbines — thanks to the wind’s constant vagaries — that they are one of the most inefficient means of producing electricity ever devised

    http://www.dailymail.co.uk/debate/article-2225544/Good-riddance-wind-farms–dangerous-delusions-age.html

    …………………………………….

    So Whats it all about Alfie?
    FOLLOW THE MONEY, FOLLOW THE POLITICS.

  • Fred the shred

    Is this what Ms Von Berg means by Supercultural???

    German police tackle mass brawl at Berlin refugee shelter.

    Hundreds of refugees fought each other on Sunday in a mass brawl at a Berlin shelter and more than 100 police were called in to restore order, in an episode underlining the challenges Germany faces in handling hundreds of thousands of migrants.

    Although violent incidents in such centers are frequent, the chaos in the shelter at Berlin’s disused Tempelhof airport, which erupted as lunch was being served, was worse than normal.

    “There were apparently many hundreds of people involved,” a spokesman for the police told Reuters TV. Police made an unspecified number of arrests.

    Earlier this year, Germany’s police union and women’s rights groups accused the authorities of playing down reports of sexual assault and even rape at refugee shelters because they feared a backlash against asylum seekers.

    http://www.reuters.com/article/2015/11/29/us-europe-migrants-shelter-idUSKBN0TI0TM20151129#MRdrOcAg1DJIWrhj.99

    Is the implosion self destruction of Europe by Muslim Hordes intentional? Of course it is.

    The EU should “do its best to undermine” the “homogeneity” of its member states, the UN’s special representative for migration has said.
    Peter Sutherland told peers the future prosperity of many EU states depended on them becoming multicultural.

    “however difficult it may be to explain this to the citizens of those states”.

    Mr Sutherland also briefed the peers on plans for the Global Migration and Development Forum’s next annual conference in Mauritius in November, adding: “The UK has been very constructively engaged in this whole process from the beginning and very supportive of me personally.”

    http://www.bbc.co.uk/news/uk-politics-18519395

    So maybe Peter Sutherland should take the Title of the Biggest Treacherous Dickhead of all TIME.

  • Fred the shred

    It must be that Supercultural Society at work in Sweden too!!
    At least they can get a Gun… You can buy a Kalashnikov in Brussels though for £750 I read somewhere..

    But given that several of the terrorists planned their operation from neighbouring Belgium, police may well be looking once again at a shabby back-street market behind Brussels’ main railway station, where Kalashnikovs are known to change hands for as little as £750.

    http://www.telegraph.co.uk/news/worldnews/europe/12010458/Inside-the-Ant-Trade-how-Europes-terrorists-get-their-guns.html

    —————————–

    Sweden: “No Apartments, No Jobs, No Shopping Without A Gun”

    The Swedes see the welfare systems failing them. Swedes have had to get used to the government prioritizing refugees and migrants above native Swedes.

    “There are no apartments, no jobs, we don’t dare go shopping anymore [without a gun], but we’re supposed to think everything’s great. … Women and girls are raped by these non-European men, who come here claiming they are unaccompanied children, even though they are grown men. … You Cabinet Ministers live in your fancy residential neighborhoods, with only Swedish neighbors. It should be obligatory for all politicians to live for at least three months in an area consisting mostly of immigrants… [and] have to use public transport.” — Laila, to the Prime Minister.

    “Instead of torchlight processions against racism, we need a Prime Minister who speaks out against the violence… Unite everyone. … Do not make it a racism thing.” — Anders, to the Prime Minister.

    “In all honesty, I don’t even feel they [government ministers] see the problems… There is no one in those meetings who can tell them what real life looks like.” – Laila, on the response she received from the government.

    http://www.zerohedge.com/news/2015-11-30/sweden-no-apartments-no-jobs-no-shopping-without-gun

  • Osama Bin Cameron

    Former Senior Aide to FOUR Presidents Outlines How and Why the Elites Want to Ban Cash.

    November 21, 2015 by The Phoenix
    As we’ve noted previously, the War on Cash is accelerating. This will culminate in a Cash Ban, or ban on physical cash.

    In recent months:

    The SEC and other regulators have implemented legislation allowing Money Market Funds to lock in your cash for up to 10 days during the next financial crisis (meaning you cannot get your money out).
    The FDIC has implemented legislation permitting it to seize “systemically important” banks and convert their deposits into equity (the dreaded “bail in” used in Cyprus in 2013).
    JP Morgan and other large banks have begun rejecting large deposits.
    France has banned any transaction over €1,000 Euros from using physical cash. Spain has already banned transactions over €2,500. Uruguay has banned transactions over $5,000. And on and on.
    There is a widespread global campaign to eradicate physical cash. And we’ve now got a connected insider confirming it.

    Dr. Harald Malmgren is about as connected as you can get into the Washington DC political elite. He served as a Senior Aide to FOUR separate Presidents as well the Senate Committee on Finance.

    This is someone who KNOWS what global elites are thinking about the financial system and US economy.

    Dr. Malmgren recently gave an interview to Sinclair and Co that is absolutely shocking.

    The very first sentence tells us that elites DO want a cash ban:

    Banks in the US and Europe are trying to develop a cashless transactions system… The concept is to establish a comprehensive ledger for a business or a person that records everything received and spent, and all of the assets held – mortgages, investment portfolios, debts, contractual financial obligations, and anything else of market value including pleasure boats, automobiles, and other machinery.

    He continues…

    Governments would very much like such ledgers to exist because they could view everything that is taking place financially in real time, including ability to evaluate net worth, patterns of spending and of earned and unearned income, and of course, an instant assessment of all taxable activities.

    http://gainspainscapital.com/2015/11/21/former-senior-nt-to-ban-cash/

  • David Brown

    Many MPs such as Gavin Barwell Croydon where I used to live have a facebook page where you can leave comment .
    Mine was Camerons air strikes in Syria will ISIS be the only target?
    you can usually post links to this blog.
    I suggest as a tactical move people her post comment in support of Jeremy Corbyn Facebook page in support of his stance on Syria. With a link to this blog of course.

  • Tim Jones

    2015: The Last Christmas in Debt Besotted America(And here too my addition TJ.)

    The game of enabling more debt by lowering interest rates and loosening lending standards is coming to an end.

    If we define Christmas as consumer spending going up while earnings are going down, 2015 will be the last Christmas in America for a long time to come. In broad brush, Christmas (along with all other consumer spending) has been funded by financialization, i.e. debt and leverage, not by increased earnings.
    The primary financial trick that’s propped up the “recovery” for seven years is piling more debt on stagnating incomes. How does this magic work? Lower interest rates.
    In a healthy economy, households earn more money (after adjusting for inflation, a.k.a. loss of purchasing power), and the increased earnings enable households to save, spend and borrow more.
    In an unhealthy, doomed-to-implode economy, earnings are declining, and central banks enable more borrowing by lowering interest rates to zero and loosening lending standards so anyone who can fog a mirror can buy a new pickup truck with a subprime auto loan.
    The problem with financialization is that it eventually runs out of oxygen. As earnings decline, eventually there’s no more income to support more debt. And once debt stops expanding, the economy doesn’t just stagnate, it implodes, because the entire ramshackle con game of financialization requires a steady increase in debt and leverage to keep from crashing.
    The trickery of substituting financialization for earned income–the trickery that fueled the last seven years of “recovery”–is exhausted.
    The incomes of even the most educated workers are going nowhere, while the earnings of the bottom 90% are sliding:
    Wages as a percentage of gross domestic product (GDP) have been declining for decades. Note the diminishing returns on financialization and asset bubbles that always bust: wages blip up in the bubble and then crash to new lows when the bubble bursts:

    This dependence on debt for “growth” leaves the economy exquisitely sensitive to any decline in debt growth. The slightest drop in debt growth in the Global Financial Meltdown almost collapsed the entire global economy:
    The game of enabling more debt by lowering interest rates and loosening lending standards is coming to an end. Debt is not a sustainable substitute for income, and households are increasingly finding themselves in two camps: those who can no longer afford to borrow and spend, and those who recognize that going in to debt to support spending is a fool’s path to poverty and insolvency.
    Say good-bye to Christmas, America, and debt-based spending in general–except, of course, for the federal government, which can always borrow another couple trillion dollars on the backs of our grandchildren.

    http://davidstockmanscontracorner.com/2015-the-last-christmas-in-debt-besotted-america/

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