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You’re Just Not Prepared For What’s Coming

Consumption

I hate to break it to you, but chances are you’re just not prepared for what’s coming. Not even close. 

Don’t take it personally. I’m simply playing the odds.

After spending more than a decade warning people all over the world about the futility of pursuing infinite exponential economic growth on a finite planet, I can tell you this: very few are even aware of the nature of our predicament.

An even smaller subset is either physically or financially ready for the sort of future barreling down on us. Even fewer are mentally prepared for it. 

And make no mistake: it’s the mental and emotional preparation that matters the most. If you can’t cope with adversity and uncertainty, you’re going to be toast in the coming years.

Those of us intending to persevere need to start by looking unflinchingly at the data, and then allowing time to let it sink in.  Change is coming – which isn’t a problem in and of itself. But it’s pace is likely to be. Rapid change is difficult for humans to process.

Those frightened by today’s over-inflated asset prices fear how quickly the current bubbles throughout our financial markets will deflate/implode. Who knows when they’ll pop?  What will the eventual trigger(s) be? All we know for sure is that every bubble in history inevitably found its pin.

These bubbles – blown by central bankers serially addicted to creating them (and then riding to the rescue to fix them) – are the largest in all of history. That means they’re going to be the most destructive in history when they finally let go.

Millions of households will lose trillions of dollars in net worth. Jobs will evaporate, causing the tens of millions of families living paycheck to paycheck serious harm.

These are the kind of painful consequences central bank follies result in. They’re particularly regrettable because they could have been completely avoided if only we’d taken our medicine during the last crisis back in 2008.  But we didn’t. We let the Federal Reserve –the instiution largely responsible for creating the Great Financial Crisis — conspire with its brethern central banks to ‘paper over’ our problems.

So now we are at the apex of the most incredible nest of financial bubbles in all of human history.

One of my favorite charts is below, which shows that even the smartest minds among us (Sir Isaac Newton, in this case) can succumb to the mania of a bubble:

How Newton's Fortune Fell To Earth chart

It’s enormously difficult to resist the social pressure to become involved.

But all bubbles burst — painfully of course. That’s their very nature.

Mathematically, it’s impossible for half or more of a bubble’s participants to close out their positions for a gain. But in reality, it’s even worse. Being generous, maybe 10% manage to get out in time.

That means the remaining 90% don’t. For these bagholders, the losses will range from ‘painful’ to ‘financially fatal’.

Which brings us to the conclusion that a similar proportion of people will be emotionally unprepared for the bursting of these bubbles.  Again, playing the odds, I’m talking about you.

How Exponentials Work Against You

Bubbles are destructive in the same manner as ocean waves. Their force is not linear, but exponential.

That means that a wave’s energy increases as the square of its height. A 4-foot wave has 16 times the force of a 1-foot wave; something any surfer knows from experience.  A 1-foot wave will nudge you.  A 4-foot wave will smash you, filling your bathing suit and various body orifices with sand and shells.  A 10-foot wave has 100 times more destructive power. It can kill you if it manages to pin you against something solid.

A small, localized bubble — such as one only affecting tulip investors in Holland, or a relatively small number of speculators caught up in buying swampland in Florida — will have a small impact.  Consider those 1-foot waves.

A larger bubble inflating an entire nation’s real estate market will be far more destructive. Like the US in 2007. Or like Australia and Canada today.  Those bubbles were (or will be when they burst) 4-foot waves.

The current nest of global bubbles in nearly every financial asset (stocks, bonds, real estate, fine art, collectibles, etc) is entirely without precedent. How big are these in wave terms? Are they a series of 8-foot waves? Or more like 12-footers?

At this magnitude level, it doesn’t really matter. They’re going to be very, very destructive when they break.

Our focus now needs to be figuring out how to avoid getting pinned to the coral reef below when they do.

Understanding ‘Real’ Wealth

In order to fully understand this story, we have to start right at the beginning and ask “What is wealth?”

Most would answer this by saying “money”, and then maybe add “stocks and bonds”. But those aren’t actually wealth.

All financial assets are just claims on real wealth, not actually wealth itself.  A pile of money has use and utility because you can buy stuff with it.  But real wealth is the “stuff” — food, clothes, land, oil, and so forth.  If you couldn’t buy anything with your money/stocks/bonds, their worth would revert to the value of the paper they’re printed on (if you’re lucky enough to hold an actual certificate). It’s that simple.

Which means that keeping a tight relationship between ‘real wealth’ and the claims on it should be job #1 of any central bank. But not the Fed, apparently. It’s has increased the number of claims by a mind-boggling amount over the past several years. Same with the BoJ, the ECB, and the other major central banks around the world. They’ve embarked on a very different course, one that has disrupted the long-standing relationship between the markers of wealth and real wealth itself.

They are aided and abetted by both the media and our educational institutions, which reinforce the idea that the claims on wealth are the same as real wealth itself.  It’s a handy system, of course, as long as everyone believes it. It has proved a great system for keeping the poor people poor and the rich people rich.

But trouble begins when the system gets seriously out of whack. People begin to question why their money has any value at all if the central banks can just print up as much as they want. Any time they want. And hand it out for free in unlimited quantities to the banks. Who have their own mechanism (i.e., fractional reserve banking) for creating even more money out of thin air.

Pretty slick, right?  Convince everyone that something you literally make in unlimited quantities out of thin air has value. So much so that, if you lack it, you end up living under a bridge, starving.

Let’s express this visually.

“GDP” is a measure of the amount of goods and services available and financial asset prices represent the claims (it’s not a very accurate measure of real wealth, but it’s the best one we’ve got, so we’ll use it). Look at how divergent asset prices get from GDP as bubbles develop: 

Asset Prices vs GDP chart

(Source)

What we see in the above chart is that the claims on the economy should, quite intuitively, track the economy itself.  Bubbles occurred whenever the claims on the economy, the so-called financial assets (stocks, bonds and derivatives), get too far ahead of the economy itself.

This is a very important point. The claims on the economy are just that: claims.  They are not the economy itself!

Yes the Dot-Com crash hurt.  But that was the equivalent of a 1-foot wave.  Yes, the housing bubble hurt, and that was a 2-foot wave.  The current bubble is vastly larger than the prior two, and is the 4-foot wave in our analogy — if we’re lucky.  It might turn out to be a 10-footer.

The mystery to me is how people have forgotten the lessons of prior bubbles so rapidly.  How they cannot see the current bubbles even as the data is right there, and so easy to come by.  I suppose the mania of a bubble, the ‘high’ of easy returns, just makes people blind to reality.

It used to take a generation or longer to forget the painful lessons of a bubble. The victims had to age and die off before a future generation could repeat the mistakes anew.

But now, we have the same generation repeating the same mistakes three times in less than 20 years. Go figure.

In this story, wishful thinking and self-delusion have harmful consequences. It’s no different than taking up a lifelong habit of chain-smoking as a young teen.  Sure, you may be one of the few who lives a long full life in spite of the risks, but the odds are definitely not in your favor.

The inevitable destruction caused by the current froth of bubbles is going to hurt a lot of people, institutions, pensions, industries and countries.  Nobody will be spared when these burst.  The only question left to be answered is: Who’s going to eat the losses?

This is not a future question for a future time; it’s one that’s being answered daily already.  Pensioners are already taking cuts.  Puerto Rico will not be fully rebuilt.  Shale wells drilled when oil was $100/barrel, but being drained empty at $50/barrel, represent capital already hopelessly betrayed. Young graduates with $100,000 of student debt face lost decades of capital building. The losers are already emerging.

And there’s many more to follow.  This story is much closer to the beginning than the end.

The bubbles have yet to burst. We’re just seeing the water at the shore’s edge beginning to retreat, wondering how large the wave will be when it arrives. Hoping that it’s not a monster tsunami.

The End Is Nigh

History’s largest bubbles have had the exact same root cause: an expansion of credit that causes leverage to go up faster than the income available to service it.

Simply put: bubbles exist when asset price inflation rises beyond what incomes can sustain. They are everywhere and always a credit-fueled phenomenon.

S&P 500 price chart

(Source @hussmanjp )

Look at the ridiculous trajectory of the S&P 500, especially since Trump got elected. I don’t know about you, but pretty much everything that has happened in the US over the past year has been either a diplomatic clown show or a financial cruelty to the average citizen. And yet prices have risen at their highest pace in two decades?

My view is that the Trump election was a totally unexpected black swan shock for the global central banking cartel, and it freaked out.  With the Dow down -1,000 points in the late night hours following Trump’s surprise win, the central banks dumped gobs and oodles of money into the equity markets to prevent carnage.

All that money calmed investors and sent prices roaring higher over the following months. The resulting 80-degree rocket launch will hurt a lot when it comes back to earth. Good going central banks!

This is all happening when we’re as close as ever to a military (if not nuclear) confrontation with North Korea, Russia is busy beefing up its war machine, Saudi Arabia has pivoted away from the US towards China and Russia, and most of our European allies are inching away from us.

Meanwhile, the FCC is about to rule against the vast majority of the public and allow US corporations to turn the internet into a pay-for-play toll road — completely undermining the core principle of the most transformative and useful invention of the millennium. By eliminating net neutrality the FCC has ruled ‘against’ you, and ‘for’ the continued usurious profits of the cable companies.

Worse, heath care premiums continue to increase by double-digits each year. They’re going up by a horrifying 45% in Florida and 57% in Georgia, to name just two unfortunate states out of many.

And to really rub salt in the wounds of the nation, the DC swamp is busy passing a tax change that will further drive an enormous gap between the 0.1% and everybody else by lowering taxes on corporate profits (already the lowest in the world if you measure both tax on profits and value-added taxes).

How to pay for the massive cost of this deficit-exploding bill?  Easy, just eliminate deductions for average people (such as the state and local tax deductions) and begin taxing the waived tuition of graduate students. That’s right, the government helped to massively bloat tuition fees via massive lending to students and then wants to squeeze the poorest and hardest-working among them.

I wish I were kidding here. But like a cruel joke re-told at the wrong moment, the GOP is busy destroying the meager and precarious financial situation of our citizens just so it can toss a few more dollars into the already-bloated wallets of the richest people in the country.

The long rise of the ultra-wealthy is not some mystery.  It arose as a predictable consequence of the financialization of, well…everything that began in the 1980’s:

US Wealth Inequality chart

The above chart speaks to a deeply unfair system that punishes hard working people in order to give more to those who merely shuffle financial instruments around or own financial assets.

This is the system that the Fed is working so hard to preserve. This is the system that Washington DC is working so hard to sustain.

It’s flat out unfair and punitive.  It both punishes and rewards the wrong folks, respectively.  Debtors are provided relief while savers are punished.  The young are saddled with debts and face impossible costs of living mainly to preserve the illusion of wealth for a little longer for the generation in front of them.

For so many reasons, folks, none of this is sustainable. If the system doesn’t crash first under the weight of its excessive debts or the puncturing of its many asset price bubbles, the brewing class and generational wars will boil over if the status quo trajectory continues for much longer.

In Part 2: When The Bubbles Burst… we detail what to expect as the unraveling starts. When these bubbles burst, as they inevitably must, the aftermath is going to be especially ugly.

Understand the likely path the carnage is going to take and position yourself wisely ahead of the crisis — so that you and those you care about can weather the turmoil as safely as possible.

Remember: the role of bubble markets is to injure as many people as badly as possible when they burst. Don’t be one of the victims.

Click here to read Part 2 of this report (free executive summary, enrollment required for full access)

PeakProsperity.com



120 Comments on "You’re Just Not Prepared For What’s Coming"

  1. Apneaman on Sun, 3rd Dec 2017 2:22 pm 

    Oh more news on clogs green alt energy Germans who are going to level a 12,000 year old forest to expand dirty brown coal mining – cause they so green N stuff.

    “Lignite coal is Europe’s biggest polluter

    And all this is going on as Germany touts its plan to move towards phasing coal out.

    Almost 40 percent of German electrical production comes from coal-fired power plants, and slightly over one-fourth comes from brown coal or lignite, making German coal-fired power plants Europe’s biggest polluter, spewing out more than 20 percent of the greenhouse gas emissions from the European Union, according to Eurostat.”

    http://www.digitaljournal.com/news/world/op-ed-german-open-pit-coal-mine-can-chop-down-last-of-ancient-forest/article/508422

  2. peakyeast on Sun, 3rd Dec 2017 3:09 pm 

    I wonder if Egypt is prepared…

    https://www.ft.com/content/9896514e-0a57-11e7-97d1-5e720a26771b

    700.000 tonnes of oil per month. And KSA burning through their cash at a high rate at the same time.

    Egypt is certainly going into interesting times…

    I wonder if they are going to have an “Arab spring” where they will solve all their problems and shed the shackles of incompetent leadership. – Just like in Syria, Libya, Tunesia it will be a game changer which will leave them MUCH better off…

  3. DerHundistlos on Sun, 3rd Dec 2017 4:19 pm 

    Paulo-

    Do you realize that during the Great Depression, when the population of the US was more than 2/3 less and the people law abiding, nevertheless wildlife populations were pushed to the brink of extinction and in some instances made extinct.

    For this reason alone, I can’t agree with your optimistic assessment. No, it will be an apocalypse never before experienced in human history.

  4. Makati1 on Sun, 3rd Dec 2017 4:54 pm 

    “The America we once knew is gone forever. The 21st century has dawned just as the true light of liberty fades into shadow. The sooner the world recognizes this, the better off humankind will be. RussiaGate, Bill and Hillary Clinton revelations, Donald Trump’s quasi-populist misdirect, and a great nation turned amoral, this and much more forewarn of a cataclysm.”

    “Of the twenty-two civilizations that have appeared in history, nineteen of them collapsed when they reached the moral state the United States is in now.” ― Arnold Joseph Toynbee

    “Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.”- John Adams

    https://journal-neo.org/2017/12/03/american-calamity-get-ready-for-the-day-of-reckoning/

    “So, when America does finally succumb to the death throes we’ve seen happening the last thirty years or more… They’ll push the button, you bet they will. Zombies could care less about Vietnam, Iraq, Afghanistan, Yugoslavia, Ukraine, Palestine, Syria and Yemen. You unplug the intravenous joy and it’s over. And this is the truth of an America since 1955. Find yourself a cave here on Crete, fort up and get ready. It’s coming.”

  5. Davy on Sun, 3rd Dec 2017 5:12 pm 

    Mad kat, so you are telling us the rest of the world is any better? With a straight face? Lol. Yea, sure, what a dork. When we go you go so find yourself in a cave and fort up and get ready it is coming. The worst of overshoot is right under YOUR FEET.
    Address: 12, Rozhdestvenka Street, office 111, Moscow
    Phone: +7 (495) 624-40-91
    Sincerely yours,
    NEO editorial staff.

  6. paulo1 on Sun, 3rd Dec 2017 5:13 pm 

    I hope not der hund.

  7. Davy on Sun, 3rd Dec 2017 5:16 pm 

    der hund, did you gaze into a crystal ball? You and others have no idea how the ship is going to sink and how quick. Paulo could be just as right as you. We don’t know. There is no precedence in history for the coming end to modernism.

  8. peakyeast on Sun, 3rd Dec 2017 5:16 pm 

    @Paulo1: Another case like derhund is referring to is USSR after its fall. Go look at wildlife populations in the 2-3 years after. Same thing.

  9. paulo1 on Sun, 3rd Dec 2017 5:22 pm 

    Reread the posts and…

    I give up. Not worth it. Waste of time. I’ll just work on my ‘doomstead, I guess. Good luck, all. Now, off to delate PO.com from my bookmarks. 3rd time I have done this over the years and three is supposed to be a charm, right?

  10. Makati1 on Sun, 3rd Dec 2017 5:37 pm 

    Delusional Davy, denial is common in brainwashed America. What a surprise when that 4×4 of reality hits you in the face soon. Nothing gets by that “exceptionalist/indispensable” mind-block. The 4×4 will. lol

  11. Makati1 on Sun, 3rd Dec 2017 5:40 pm 

    BTW Davy, do you actually consider that the “news” from outside the USMSM Iron Curtain may be real or do you just look for a way to “kill the messenger”? You never post refs for your rebuttals. Maybe because there are none that come from any source but your US propaganda department?

  12. peakyeast on Sun, 3rd Dec 2017 5:48 pm 

    @paulo1: Sorry if I offended you – it was furthest from my intention. I just thought the USSR story was interesting covering this aspect.

  13. Davy on Sun, 3rd Dec 2017 5:56 pm 

    Regurgitate mad kat. You are the one peddling fantasy with emotional feelings of hate and contempt. You are in complete denial of your situation and exaggerating and embellishing what is happening in the US. I don’t deny much of what is constantly peddled here about the US. You on the other hand never acknowledge what you face and are in constant denial of any information I present showing just how bad it is for you. You surf the web for the worst news cherry picking the best of the worst. You are disgusting.

    “news” from outside the USMSM Iron Curtain”
    Lol, mad kat, it has been a while since you have made your Iron Curtain Speech. Dumbass, where do you think you go for a significant amount of your news…ZERO HEDGE….lol, what a dork.

    BTW, dementia man you forgot you have been ignoring me. Remember you bragged to everyone about that? Or do you remember?

  14. Makati1 on Sun, 3rd Dec 2017 6:02 pm 

    The US is desperate to get a “Yuge” war going…

    “According to the WSJ, at least 230 US and South Korean warplanes will take part, alongside 12,000 US troops from the Air Force, Marines and Navy and airmen with another 4,000 expected to represent Seoul.” The drill, which lasts from December 4 until December 8, will see aircraft flying over eight airbases in across the Korean Peninsula….

    In reality, it will likely provoke North Korea into yet another ICBM launch. To be sure, while the Kim regime traditionally rages over the drills on its border, claiming they are rehearsals for invasion, although it may well be right: US forces have been flooding into the Pacific this year with warships, warplanes, missiles and the army all on standby.”

    Then there are the Chinese who have stated on numerous occasions that if the US invades NK, China will stop it. And … Russia has been put on a war footing and will also be involved.

    The 3AM flash over American cities is getting closer and closer….

  15. Davy on Sun, 3rd Dec 2017 6:07 pm 

    you have a link mad kat? Were those words your words or the words of a reference? You are getting sloppy again. Drinking by the pool today?

  16. JuanP on Sun, 3rd Dec 2017 6:10 pm 

    I hope you stay Paulo, but I understand how you feel. Posting here is not a particularly productive use of your time. I have been working more and posting less myself. I know I was part of the problem for a while. It is all an exercise in futility!

  17. GregT on Sun, 3rd Dec 2017 6:35 pm 

    “you have a link mad kat? Were those words your words or the words of a reference? You are getting sloppy again. Drinking by the pool today?”

    Try google delusionalist.

    https://www.wsj.com/articles/u-s-south-korea-plan-joint-military-exercises-next-month-1511520619

  18. Davy on Sun, 3rd Dec 2017 6:42 pm 

    Not my job grehg. Besides which are his words and which theirs? Maybe you can correct that too for your daddy.

  19. GregT on Sun, 3rd Dec 2017 6:44 pm 

    “Not my job grehg.”

    Then why do you care?

  20. Davy on Sun, 3rd Dec 2017 6:46 pm 

    Why do you care? Mind your own business.

  21. GregT on Sun, 3rd Dec 2017 6:51 pm 

    You appear to be having difficulties finding the source of Makati’s quote. It came from the Wall Street Journal. Glad to be of some help.

    You’re welcome.

  22. Makati1 on Sun, 3rd Dec 2017 6:52 pm 

    Greg, have you noticed the noticeable mental decline in even the goat farmer’s rants? Apparently the meds aren’t working. What is it called? Oh, yes. ‘Delusions of grandeur”.

    Delusion of Grandeur | Encyclopedia of Psychology

    psychcentral.com/encyclopedia/delusion-of-grandeur

    A delusion of grandeur is the fixed, false belief that one possesses superior qualities such as genius, fame, omnipotence, or wealth. It is most often a symptom of schizophrenia, but can also be a symptom found in psychotic or bipolar disorders, as well as dementia.(such as Alzheimer’s)

    Seems to fit Davy perfectly! Ditto for MM.

  23. Davy on Sun, 3rd Dec 2017 6:59 pm 

    Mad Kat, when you reference others please give the link with proper parenthesis showing their words. Try to be less deceptive.

  24. Makati1 on Sun, 3rd Dec 2017 7:14 pm 

    BTW goat farmer. Where were you educated, or was that optional for your low mental abilities? “Besides which are his words and which theirs?”

    Quotation marks are to denote quotes from other sources. “…”

    Lack of quotation marks indicates the writers words.

    Rage blindness is preventing you from seeing the real world, snowflake.

  25. Davy on Sun, 3rd Dec 2017 7:22 pm 

    Mad Kat, put parentheses around words you are referencing that are not yours. Include the title and the links to these words. This is how we do it here. Quit being deceptive and or lazy. How hard is that? I know from your comment to Ugo the other day you could give a shit about rules and conventions but it matters to us here. I will moderate you if you don’t, promise.

  26. GregT on Sun, 3rd Dec 2017 7:29 pm 

    “This is how we do it here.”

    We?

    “it matters to us here.”

    Us?

    Oh boy.

  27. Davy on Sun, 3rd Dec 2017 7:36 pm 

    We & us minus grehg and his daddy. Have you talked to the therapist about your daddy issues and Mad Kat? Does the therapist think Mad Kat rocks? Lol.

  28. Makati1 on Sun, 3rd Dec 2017 7:41 pm 

    Greg, Delusions of Grandeur perfectly fits the Missouri snowflake. He prefers the royal “WE”. A fly spec of humanity wants to be important.

  29. GregT on Sun, 3rd Dec 2017 7:41 pm 

    “Snowflake:”

    “a person who has an inflated sense of their own uniqueness, has an unwarranted sense of entitlement, or is easily offended and unable to deal with opposing opinions.”

    https://en.wikipedia.org/wiki/Snowflake_(slang)

    Sounds about right.

  30. Boat on Sun, 3rd Dec 2017 7:50 pm 

    greggiet.

    Embrace all snowflakes with love equally including Jews, blacks,N Koreans, Americans. Even if Americans have to attack nefarious countries for complicating world affairs. Amen

  31. GregT on Sun, 3rd Dec 2017 8:01 pm 

    “Embrace all snowflakes with love equally including Jews, blacks,N Koreans, Americans. Even if Americans have to attack nefarious countries for complicating world affairs. Amen”

    You are truly inspirational Kevin. The world would be a far less mediocre place, without people like yourself.

  32. Makati1 on Sun, 3rd Dec 2017 9:19 pm 

    Greg, of course Boat will not see the sarcasm. It will just blow his bubble bigger, if that is possible. ^_^

  33. Cloggie on Sun, 3rd Dec 2017 9:49 pm 

    “Embrace all snowflakes with love equally including Jews, blacks,N Koreans, Americans. Even if Americans have to attack nefarious countries for complicating world affairs. Amen”

    “Exceptionalism” in its purest form. There is not a shred of irony or humor in this statement. I know that not all Americans are like that, but a frightening lot do: CommieTard, MilliMind, the Mule, BoatTard, the list goes on. Hyper-dangerous attack dogs, brainwashed by the media to do the bidding of the inner circles of Washington, with shallow understanding of history (at least Davy is smart enough not to engage in discussions, because he knows he gets his ass kicked), absolute one-dimensional, ideological people. The world’s foremost problem.

  34. Makati1 on Sun, 3rd Dec 2017 10:46 pm 

    Cloggie. The world’s human Black Plague is called America. Yes, there are a few there who are open minded and see what they are doing to the world, but the number is too small to ever effect change before the SHTF.

    Your names list is a perfect of example of those who are supporting the spread of the disease. Not a rational thought among the bunch. Denial and shooting the messenger is all they can do. Not an educated, fact supported, rebuttal possible there. Just immature put-downs and name calling. Snowflakes all.

  35. Boat on Sun, 3rd Dec 2017 11:34 pm 

    You haters love to think the world would be a better place if only certain races controlled other races. Hitler was taken out only because it was needed. Ask those Muslims if the Serbs needed to be stopped. Ask a Kurd about ISIS or Saddam.

  36. Makati1 on Sun, 3rd Dec 2017 11:50 pm 

    Boat, the only big problem/danger in the world is the US military industrial complex. Not race or religion. All of the world’s problems today can be traced back to the US imperial resource wars. ALL of them. That is why I hope the US goes down hard and soon. Today would be ok with me. Dow 500? LOL

  37. GregT on Mon, 4th Dec 2017 12:05 am 

    “You haters love to think the world would be a better place if only certain races controlled other races.”

    “In 1950, the United Nations Educational, Scientific and Cultural Organization (UNESCO) issued a statement asserting that all humans belong to the same species and that “race” is not a biological reality but a myth. This was a summary of the findings of an international panel of anthropologists, geneticists, sociologists, and psychologists.”

    “A great deal of evidence had accumulated by that time to support this conclusion, and the scientists involved were those who were conducting research and were most knowledgeable about the topic of human variation. Since that time similar statements have been published by the American Anthropological Association and the American Association of Physical Anthropologists, and an enormous amount of modern scientific data has been gathered to justify this conclusion.”

    “Today the vast majority of those involved in research on human variation would agree that biological races do not exist among humans.”

    http://www.newsweek.com/there-no-such-thing-race-283123

    “the concept of separate human sub-species called “races” was developed four hundred years ago, during a time when white supremacists and the slave trade were seeking to justify the enslavement of Blacks, as well as the social, economic and political exaltation of whites, however, the most recent in-depth study of human DNA ever completed has shown that “race” does not exist.”

    “This certainly ought to be news, particularly in light of how often the word “race”continues to be used by the white-news media.”

  38. Cloggie on Mon, 4th Dec 2017 12:46 am 

    “Hitler was taken out only because it was needed.”

    Hitler was taken out because the US wanted to colonize Europe. Period.

    https://documents1940.wordpress.com/2017/09/25/chamberlain-and-the-forrestal-diaries/

    “Ask a Kurd about ISIS or Saddam.”

    ISIS was a creation of the US, you fool, for the sole purpose of adding Syria to the US empire, which fortunately failed.

    And before that they invaded Iraq for the same purpose, after they telecrashed planes into buildings to create the pretext and additionally invented the WMD lie. And again the US got its kicked.

    “Ask those Muslims if the Serbs needed to be stopped”

    The US always helps the darkies against the whites. You should know that, as your kind is set up for multicultural destruction in “your own land”, because you are ruled by (((those))) who want you dead, or at least to see you reduced to cattle (“goyim”):

    https://documents1940.wordpress.com/2017/09/27/paul-krugman-white-americans-are-losing-their-country/

    In your case that is not a big loss, but Europe is a different story.

    Americans like you, Davy, Supertard and Millimind are the stupidest elements of the white race, the losers of Europe, the “huddleld masses”, the useful idiots of the “Sanhedrin”. Fortunately your game is over now. In a decade or so, nobody will call himself an American anymore, just like nobody calls himself a Soviet, Czecho-Slovak or Yugoslav anymore.

  39. Davy on Mon, 4th Dec 2017 4:53 am 

    “(at least Davy is smart enough not to engage in discussions, because he knows he gets his ass kicked), absolute one-dimensional, ideological people. The world’s foremost problem.”

    Dutchy your dork. A dork is someone obtuse and stupid in appearance. What is worse is you are a Nazi racist pig. Some here don’t like people of color coming into their country and that is ok with me. Close your borders if it becomes bad. Let’s keep cultural continuity and respect with fences. This means white influence on the cultures of others also. Who has done the real damage to the cultural fabric of the world? Europeans and their bastard child American have. We are the blue eyed devils. A pig like you dutchy actually bases human value on skin color. Now that is real scientific. What is also hilarious is when you reference science to back this up. You believe in the theory of relativity but your version is discretionary science that fits your racist agenda. You are disgusting.

  40. Davy on Mon, 4th Dec 2017 4:56 am 

    “Boat, the only big problem/danger in the world is the US military industrial complex. Not race or religion. “
    Mad kat, who is militarizing the quickest? Right your Asia and Russia. You are just a stupid hypocritical fact liar. The true picture is so much different than your lies.

  41. Davy on Mon, 4th Dec 2017 5:00 am 

    “Americans like you, Davy, Supertard and Millimind are the stupidest elements of the white race, the losers of Europe, the “huddleld masses”,
    Dutchy, sounds like you are upset because you are whining and gnashing you teeth. Expect more and feel it deeply. You and mad kat are having your extremism neutered with my moderation. Anything you say I shove back down that hole in your face. FRAUD

  42. Makati1 on Mon, 4th Dec 2017 5:30 am 

    This article emphasizes the problem stated in the article above.

    “Even a $1 million retirement nest egg isn’t enough anymore” (US) NOT EVEN CLOSE!

    “A cool $1 million has long been considered the gold standard of retirement savings. These days, it’s only a fraction of what you will really need…

    For instance, a 67-year-old baby boomer retiring now with $1 million in the bank will generate $40,000 a year to live on adjusted for inflation and assuming a sustainable withdrawal rate of 4 percent,…

    It’s worse for a 42-year-old Gen Xer, whose $1 million at retirement will only generate an inflation-adjusted $19,000 a year when all is said and done. And a 32-year-old millennial planning to retire at 67 with $1 million would live below the poverty line.”

    https://www.cnbc.com/2017/11/30/even-a-1-million-retirement-nest-egg-isnt-enough-anymore.html

    The stock market casino is going to crash and burn to the ground soon. There goes all of those retirement plans/savings. Poof! The government will struggle to just stay alive and will confiscate everything possible. The SS program, along with all the other “safety nets”, will shrink or just vanish. Poof!

    Sorry people, if you are not already retired with all your preps in place you will never retire. You will die, but not retire, at least if you live in the 1st world. There are better, cheaper places to live but you have to be willing to jump ship and pioneer a new life in another culture. Few are willing to do that. They prefer to rearrange the deck chairs. So be it.

  43. Makati1 on Mon, 4th Dec 2017 5:31 am 

    Davy is really delusional today. Must have missed his meds or his appointment with his shrink. A real snowflake.

  44. Davy on Mon, 4th Dec 2017 5:32 am 

    Dutchy, I thought this was Eurotard golden age looks more like a harking back to a Nazi past. I forgot you are a Nazi racist pig so that must be golden.

    “German Government Drafts “Orwellian Nightmare” Plan To Spy On All Digital Devices”
    https://tinyurl.com/y89whexn

    “According to Russia Today, Thomas de Maizière, Germany’s interior minister, wants to create secret backdoor access to computers, phones and even Volkswagens – a plan that critics are slamming as an “Orwellian nightmare”. Maiziere plans to argue in favor of what he’s calling “the legal duty for third parties to allow for secret surveillance” during an interior ministry conference in Leipzig next week. De Maizière’s proposal would “dramatically extend” the state’s powers to spy on its citizens, according to the RedaktionsNetzwerk Deutschland (RND) report. If signed into law, de Maiziere’s proposal would allow German security services to spy on any device connected to the internet. Tech companies would be compelled to provide the state with backdoor access to most digital consumer devices, including private tablets, computers and even televisions and cars. However, German authorities would need the authorization of a judge before tapping into a compromised consumer device.”

  45. Davy on Mon, 4th Dec 2017 5:36 am 

    “Sorry people, if you are not already retired with all your preps in place you will never retire.”

    Mad kat, most of us here are in much better shape than you. Your life line is a boyfriend and a social security check. The social security check is not enough to live in Makati so if the boyfriend kicks you out you are heading to the slums of Manila. You have no family and no health insurance and 75. You are screwed mad kat. This is why you vomit regurgitate daily like a buzzard does when scared. You are a disgusting old man living in hate and spreading discontent.

  46. Davy on Mon, 4th Dec 2017 5:37 am 

    “Davy is really delusional today. Must have missed his meds or his appointment with his shrink. A real snowflake.”

    Translation, grehg, help me I am getting beat up!!!! lol

  47. Davy on Mon, 4th Dec 2017 5:40 am 

    Suck on this dutchy it is a bitter pill for a Nazi racist pig.

    “Europe’s Migrant Crisis: Millions More Still To Come”
    https://tinyurl.com/y8nbmgqt

    “More than six million migrants are waiting in countries around the Mediterranean to cross into Europe, according to a classified German government report leaked to Bild. “Young people all have cellphones and they can see what’s happening in other parts of the world, and that acts as a magnet.” — Michael Møller, Director of the United Nations office in Geneva. “The biggest migration movements are still ahead: Africa’s population will double in the next decades… Nigeria [will grow] to 400 million. In our digital age with the internet and mobile phones, everyone knows about our prosperity and lifestyle…. Eight to ten million migrants are still on the way.” — Gerd Müller, Germany’s Development Minister.”

  48. Davy on Mon, 4th Dec 2017 5:45 am 

    Look what the Dutch are inventing these days. LOL

    “3D-Printed Suicide-Machines Will Usher In a Silent Genocide”
    https://tinyurl.com/ybl93tq4

    “Once the access code is entered and the subject is in the device; the capsule will lock and release liquid nitrogen to drop the oxygen level, as one will experience an euphoric and peaceful death with-in minutes. The capsule will then detach from the Sarco machine and be used as a coffin. The base can be re-used and continue a quiet genocide that is extremely cost effective. Developed in the Netherlands by Exit Director Dr Philip Nitschke and Engineer Alexander Bannink, the machine can be 3d-printed and assembled in any location in the world.”

  49. GregT on Mon, 4th Dec 2017 7:42 am 

    “Translation, grehg, help me I am getting beat up!!!! lol”

    You’ve brought it all on yourself delusionalist.

  50. Dredd on Mon, 4th Dec 2017 8:07 am 

    99 barrels of *** on the wall,
    99 barrels of ***
    take one down
    pass it around
    98 barrels of *** on the wall
    …………………..

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