The Complete Preview Of The March 15 Dutch General Election

March 15 is not only the day when the FOMC is now widely expected to hike rates by another 25 bps, and when the US debt ceiling suspension expires, but just as importantly, is the date of the 2017 Dutch General Election. Here is a full preview of what to expect courtesy of RBC Capital Markets.

By way of background, the Netherlands is the euro area’s 5th-largest economy, a founding member of the EU and one of only 3 euro area countries (along with Germany and Luxembourg) to enjoy an AAA rating from the 3 main ratings agencies.

Netherlands general election – summary

  • Dutch voters cast their ballots in the country’s general election on Wednesday March 15th
  • According to opinion polls the (centre-right) VVD party of current Prime Minister Mark Rutte is vying with the anti-immigration, anti-EU, Freedom Party of Geert Wilders to emerge as the largest party
  • The election is the first in a series of votes this year that includes elections in France (April/May) and Germany (September), and potentially also Italy if early elections are announced later this year
  • A victory in the popular vote for Wilders could therefore be interpreted as a signal that anti-EU populist parties are coming to the fore in the EU ahead of those elections
  • However, the fractured nature of Dutch politics (it’s likely that up to 14 separate parties will win seats in parliament) means that the wider impact of Wilders emerging with the largest party may be limited
  • With no party set to command more than 30 seats in the 150-seat parliament, at least four parties will be required to form a government
  • Convention dictates that, were it to win the popular vote, Wilders’ Freedom Party would have first attempt at forming a government
  • However, most of the other main parties have ruled out co-operating with the Freedom Party and there is no rule that the government must contain the largest party
  • In order to deliver its commitment to withdraw the Netherlands from the EU, the Freedom Party would: 1) need to form a government that would agree to put a referendum bill to parliament; and 2) gain parliamentary approval, neither of which appear likely possibilities

Dutch General Election: Opinion Polls

 

Dutch politics – a bluffer’s guide

 

Dutch election 2017 – the main protagonists

 

Dutch election 2017 – but it’s not just about the big two parties

 

Negotiation, negotiation, negotiation

 

A near-term referendum on EU membership is unlikely

 

Even thought Public opinion in favour of the EU has fallen…

* * *

Full presentation below (link)

via http://ift.tt/2n5hCdA Tyler Durden

“The European ‘Story’ Is Broken”

Via Ben Hunt of Salient Partners' Epsilon Theory blog,

George Soros has a great line, one that I’ve stolen many times: “I’m not predicting. I’m observing.” We really don’t have a crystal ball, and it really is a dumb idea to pretend that we do. But what’s not dumb is to keep your eyes and ears open, observing both what the world is telling you (playing the cards) and what other market participants are telling you (playing the players), and reacting accordingly. That’s the heart of tactical investing.

What I’m observing today is that the European *story* is broken. I’m not saying that real world European companies are broken or that real world European economies are broken. In both cases, a few are but most aren’t. What I’m saying is that the buy-Europe!™ story that has been pitched by the sell-side ad nauseam for the past six months is broken and that these stocks are defenseless against the steady stream of anti-Europe political news we are going to endure for the next eight weeks.

Here’s the S&P 500 Index (“SPX”) in black, German DAX Index (“DAX”) in green, and Stoxx 600 Index in red over the past six months:

Source: Bloomberg, as of 02/26/17. For illustrative purposes only. Past performance is not indicative of how the index will perform in the future. The index reflects the reinvestment of dividends and income and does not reflect deductions for fees, expenses or taxes. The indices are unmanaged and are not available for direct investment.

Yes, the DAX has outperformed the SPX over the past six months. Why? Because every sell-side strategist and his cousin has been pounding the table that Europe is recovering and Europe is cheap and why worry about all those elections, anyway, because even if Le Pen wins it’ll just be like Brexit and everything will be fine.

The truth is I don’t know whether or not Le Pen will win in France this May. I don’t have a crystal ball. But what I do know is that nothing is happening between now and those elections that makes it less than a 50/50 coin toss whether Le Pen wins. There’s going to be a steady stream of negative press about all of the candidates from now until then, the difference being that core Le Pen supporters, like core Trump supporters, don’t care about the negative press. There is no story that could make these stocks go UP, but there will be plenty of stories that can make these stocks go DOWN.

And yes, I know that for “patient, long-term investors” and all the Warren Buffett wannabes out there, what happens over the next eight weeks doesn’t matter a bit, and if European stocks go down it just means that they’re even more “on sale”. But what I also know is that whenever I read a sell-side note talking about why something is a buy *today* for “patient, long-term investors”, that’s typically a signal to start shorting whatever they’re pitching. What I also know is that it’s a lot easier to be Warren Buffett when you’ve got $100 BILLION in more-or-less permanent capital from your insurance float. Good for him. Ain’t my situation. I’m guessing it isn’t yours, either.

But the risk here isn’t just a temporary blip on the European horizon. Here’s a picture of 2-yr French bond yields to 2-yr German bond yields (yellow), 2-yr Italian bond yields to Germany (red), and 2-yr Spanish bond yields to Germany (green) over the past six months. If you lived through the summer of 2011, this chart should give you a shiver.

Source: Bloomberg, as of 02/26/17. For illustrative purposes only. Past performance does not guarantee future results.

This is telling you that bond markets are starting to get really nervous about Europe and the stability of the Euro system, and the time frame of their nervousness is over the next two years. Could all this blow over if we get a market-friendly political result in May? Absolutely. And if that happens, maybe I’ll buy Europe THEN. 

But until then, I’ll listen to what the bond market is telling me over whatever Goldman Sachs and Morgan Stanley and the rest of our sell-side friends is pitching me. I’m not predicting. I’m observing.

via http://ift.tt/2mabXUs Tyler Durden

US Air Force Unveils Combat ‘Laser Guns’ On AC-130 Gunships

Just day after we highlighted "Silent Hunter" China's new vehicle-slicing laser gun – it appears the US military is stepping up the propaganda on its own 'hi-tech weaponry'. Air Force Special Operations Command plans to install and test combat lasers on AC-130 gunships within a year.

The Pentagon has been experimenting with laser weapons for decades. In 2009, the Advanced Tactical Laser — fired from a C-130 — burned a hole in the hood of a truck.

The Air Force and the Pentagon’s Missile Defense Agency spent billions of dollars putting a laser on the nose of the 747 jetliner that would be used to shoot down ballistic missiles. The project was canceled in 2012. Webb acknowledged that the project, which didn’t field an operational aircraft, left a bad taste in people’s mouths.

In 2014, the Navy deployed a laser on an amphibious transport dock in the Persian Gulf. The captain of the ship was given permission to use the laser as a defensive weapon.

But now, as DefenseOne.com reports, a laser-armed C-130 project is U.S. Special Operations Command’s top unfunded priority, according to Lt. Gen. Brad Webb, the head of Air Force Special Operations Command.

“I’m pretty optimistic,” Webb said of the project Thursday at an Air Force Association-sponsored conference. “There are a lot of vendors that are really contributing to and continue to push that technology along.”

The plan is to install a relatively low-kilowatt laser, do a “proof of concept and go from there,” Webb said, increasing power laser weapon after it’s proven accurate and effective in testing. The command has money “to do the first steps” of the project.

After a year of talking with “every industry partner who’s ever even touched a laser…I know the technology has matured now, I believe we can put a high energy laser — offensive and defensive — on an AC-130 by the close of this decade.”

That doesn’t necessarily mean turning the entire future AC-130J fleet into laser planes, but having “at least four or five of our airplanes modified in this fashion will help.”

NextBigFuture.com notes that The Air Force plans to begin firing laser weapons from larger platforms such as C-17s and C-130s until the technological miniaturization efforts can configure the weapon to fire from fighter jets such as an F-15, F-16 or F-35. Instead of flying with six or seven missiles on an aircraft, a directed energy weapons system could fire thousands of shots using a single gallon of jet fuel.

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Brexit Reality: “Paying Any Exit Fee Is Absurd”

Via Mike Shedlock of MishTalk.com,

The EU demands the UK pay Brexit costs of €60 billion.

I have commented for months on the absurdity of pay such demands.

And that reality is finally hitting home.
 

Collision Course

Please consider U.K. May Be on Course for Early Clash With EU Over Brexit Costs.

U.K. Prime Minister Theresa May’s government looks set for an early clash with European Union leaders over the terms of Brexit as a report suggested it can leave the bloc without paying a financial settlement.

 

The Times newspaper on Saturday said government lawyers concluded there is no law or treaty to compel the U.K. to pay the bill EU officials have estimated at about 60 billion euros ($64 billion). That echoed a newly published finding of a House of Lords committee.

 

“Even though we consider that the U.K. will not be legally obliged to pay into the EU budget after Brexit, the issue will be a prominent factor in withdrawal negotiations,” Committee Chairwoman Kishwer Falkner said in a statement. “The government will have to set the financial and political costs of making such payments against potential gains from other elements of the negotiations.”

 

Haggling over how much Britain owes appears set to provide an early test of the formal negotiations, which May has pledged to invoke by the end of March. Austrian Chancellor Christian Kern became the first EU leader to put a value on the bill when he told Bloomberg last month that Britain should be charged about 60 billion euros.

 

That sparked anger from May’s Conservative Party, with former leader Iain Duncan Smith calling it “nonsense.” Trade Secretary Liam Fox has dismissed the idea of paying anything at all as “absurd.”

Upper Hand

The EU nannycrats have long insisted they have the upper hand in negotiations. The reality is the UK is not obliged to do anything, including a filing Article 50. The UK can tear up the treaty tomorrow and be done with it.

Walk Away

The primary problem in these negotiations is the EU nannycrat fools believe they can force the UK to pay ridiculous exit charges on top of other demands.

The ideal approach for the UK is to simply walk away. What can the EU possibly do that does not hurt the EU even more than it does the UK?

The sooner Theresa May sets the appropriate tone for negotiations the better off everyone will be.

I wrote about this long ago in Brexit Stacked Deck? Which Way? Don’t Negotiate, Just Leave!

Serious negotiations can only begin once Theresa May sets the proper tone. The proper tone is the UK is prepared to walk away and pay the EU nothing.

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Top NSA Whistleblower: Intelligence Agencies DID Spy On Trump

Trump claims that the Obama administration bugged Trump Tower before the election.

Sound nutty?

Perhaps … but former Attorney General Michael Mukasey said that Trump is probably right that Trump Tower was bugged (by the Justice Department, not Obama personally).

And chief Fox News Washington correspondent James Rosen – who Obama's Attorney General Eric Holder ordered be bugged … like many other reporters for well over a decade – said he thought Trump might be right:

Washington's Blog asked the highest-level NSA whistleblower in history – Bill Binney – whether he thought Trump had been bugged.

Binney is the NSA executive who created the agency’s mass surveillance program for digital information, who served as the senior technical director within the agency, who managed six thousand NSA employees.

He was a 36-year NSA veteran widely regarded as a “legend” within the agency and the NSA’s best-ever analyst and code-breaker.

Binney also mapped out the Soviet command-and-control structure before anyone else knew how, and so predicted Soviet invasions before they happened (“in the 1970s, he decrypted the Soviet Union’s command system, which provided the US and its allies with real-time surveillance of all Soviet troop movements and Russian atomic weapons”).

Binney told Washington's Blog:

NSA has all the data through the Upstream programs (Fairview/Stormbrew/Blarney)  [background] and backed up by second and some third party country collection.

 

Plus the FBI and CIA plus others, as of the last month of the Obama administration, have direct access to all the NSA collection (metadata and content on phones,email and banking/credit cards etc.) with no attempt at oversight by anybody [background]. This is all done under Executive Order 12333 [the order which allows unlimited spying no matter what intelligence officials claim] ….

 

FBI would only ask for a warrant if they wanted to be able to take it into court at some point given they have something meaningful as evidence. This is clearly true given the fact the President Trump's phone conversations with other country leaders were leaked to the mainstream media.

In other words, Binney is saying that Trumps phones were bugged by the NSA without a warrant – remember, top NSA whistleblowers have previously explained that the NSA is spying on virtually all of the digital communications of Americans. – and the NSA shared the raw data with the CIA, FBI and other agencies.

If the FBI obtained a warrant to tap Trump's phone, it was a "parallel construction" to "launder" improperly-gained evidence through acceptable channels.

As we've previously explained:

The government is “laundering” information gained through mass surveillance through other agencies, with an agreement that the agencies will “recreate” the evidence in a “parallel construction” … so they don’t have to admit that the evidence came from unconstitutional spying. This data laundering is getting worse and worse.

So does it mean that the NSA spying on Trump Tower actually turned up some dirt?

Maybe …

But history shows that mass surveillance has long been used to blackmail opponents … including high-level officials.  And see this.

And the former NSA director admitted that the mass surveillance is a power grab.

So we won't know until the intelligence agencies actually show their cards … and reveal what evidence they've gathered.

via http://ift.tt/2mcOYd3 George Washington

Worried You Might Buy Bitcoin or Gold, Report 5 Mar, 2017

The price of gold has been rising, but perhaps not enough to suit the hot money. Meanwhile, the price of bitcoin has shot up even faster. From $412, one year ago, to $1290 on Friday, it has gained over 200% (and, unlike gold, we can say that bitcoin went up—it’s a speculative asset that goes up and down with no particular limit). Compared to the price action in bitcoin, gold seems boring. While this is a virtue for gold to be used as money (and a vice for bitcoin), it does tend to attract those who just want to get into the hottest casino du jure.

Perhaps predictably, we saw an ad from a gold bullion dealer. This well-known dealer is comparing gold to bitcoin, and urging customers to stick with gold because of gold’s potential for price appreciation. We would not recommend this argument. Whatever the merits of gold may be, going up faster than bitcoin is not among them.

We spotted an ad today from a mainstream financial adviser. The ad urged clients not to buy gold. This firm should have little need to worry. Stocks have been in a long, long, endless, forever, never-to-end bull market. Gold is not doing anything exciting now. $1234? “WhatEVAH (roll eyes)!” Stocks, well, the prices just keep on going up. Like we said, nothing whatsoever to worry about. Other than declining dividend yields. There’s more than enough irony to go around.

Speaking of dividend yield, that leads us to an idea. Readers know that we like to compare the yield of one investment to another. This is why we quote the basis as an annualized percentage. You can compare basis to LIBOR easily. And also stocks. Or anything else.

For example, the basis for December—a maturity of well under a year—is 1.2%. The dividend yield of the S&P stocks is just 1.9%. For that extra 70bps, you are taking a number of known risks, and some unknown risks too.

It is worth noting that the yield on the 10-year Treasury is up to 2.5%. Yes, that’s right, you are paid less for the risk of investing in big corporations than you are for holding the risk free asset. Of course, the Treasury bond is not really risk free. But in any case, if the Treasury defaults then it’s safe to assume most corporations will be destroyed, if not our whole civilization.

We have heard the mainstream theory so many times, our heads are hurting. Here are the myths: the Chinese are selling, inflation is coming, and the economy is picking up.

China is selling. The Chinese people are selling the yuan to buy dollars. When they can get through the increasingly-strict capital controls. The People’s Bank of China takes the other side of the trade—selling dollars and buying yuan—to keep the yuan from collapsing. When a foreign central bank holds dollars, it does not hold paper notes. Nor does it deposit them in a commercial bank. It holds Treasury bonds. Its sales of Treasurys may look scary, but that is just the seen. The unseen is that the Chinese people are buying dollars. Those dollars come back to the Treasury market one way or the other.

Inflation is coming. The Fed is printing, the quantity of money is going up, there will be demand-pull, etc. Well, if that were true then the last place you would want to be is in an asset whose price is set by the net present value of its future free cash flows. Or at least the price should be. If you think that stock prices have to rise in inflationary periods, look at what happened in the 1970’s.

The economy is picking up. What can we say? There are two views on this. One has seen (or looked for) green shoots and nascent recoveries since the crisis. The other has seen rising asset prices, and with that a small wealth effect. We will not opine about Trump and the future of the economy here. We just wish to note that junk bonds have not sold off the way Treasurys have. Junk bonds have hardly sold off at all.

Quite the opposite. They have been massively bid up (i.e. yield has been crushed). We submit for your consideration that if inflation was coming and/or the economy was picking up, you would do even worse in junk bonds than in S&P stocks.

The 10-year Treasury hit its low yield (so far) of 1.3% in July. Since then, it has been a wild ride mostly up to 2.6% in December. Since then it’s been choppy but falling (i.e. prices rising a bit).

July also happens to be when the yield on the Swiss 10-year government bond began rising. It made a low of -0.6% (yes, negative). Since then, the yield has gone up (i.e. bond price has gone down) to near zero in December. It is currently -0.1%.

In Japan, the same occurred. Low yield on the 10-year government bond in July was -0.3%. High was hit in December. Still elevated now, but off the December high.

It’s almost as if government bond yields around the world were moved by the same drivers, or even connected by some kind of arbitrage…

Whatever the cause of this worldwide selloff of government bonds may be, it is not selling by China. It is not inflation. It is not expectations that the economy will take off under Trump.

Maybe it’s just traders looking at price charts, buying because stocks are going up?

This week, the prices of the metals dropped. As always, the question is what happened to the fundamentals?

Below, we will show the only true picture of the gold and silver supply and demand. But first, the price and ratio charts.

The Prices of Gold and Silver
The Prices of Gold and Silver

Next, this is a graph of the gold price measured in silver, otherwise known as the gold to silver ratio. It moved sideways again this week.

The Ratio of the Gold Price to the Silver Price
The Ratio of the Gold Price to the Silver Price

For each metal, we will look at a graph of the basis and cobasis overlaid with the price of the dollar in terms of the respective metal. It will make it easier to provide brief commentary. The dollar will be represented in green, the basis in blue and cobasis in red.

Here is the gold graph.

The Gold Basis and Cobasis and the Dollar Price
The Gold Basis and Cobasis and the Dollar Price

This week, our old friend returned. He is the correlation between the price of the gold (i.e. inverse of the price of gold in dollar terms) and the cobasis (i.e. our scarcity indicator). They had been moving together.

This week, they met up for old time’s sake. The dollar is up from 24.75mg gold to 25.20mg. And the cobasis is up from -0.41% to -0.16%. At least in the April contract which is rapidly approaching First Notice Day, and already under downward pressure. For farther contracts, the cobasis is up, but not that much.

Our calculated fundamental price dipped twenty bucks. It’s still $150 over the market price.

Now let’s look at silver.

The Silver Basis and Cobasis and the Dollar Price
The Silver Basis and Cobasis and the Dollar Price

The cobasis in silver move up big-time as well.

The silver fundamental price also fell, about fifteen cents.

© 2017 Monetary Metals

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A NEW SUPER HERO ON THE RIGHT ARISES: BEHOLD THE ‘STICK MAN’

It’s always darkest before the dawn. During Saturday’s pro-Trump rally in Berkley, CA, antifags attended and started to rabble rouse — spraying old men in the face with pepper spray, acting like reprobate vagabonds — deserving of the stick.

Then out of nowhere, like the Phoenix rising out from the ash, a superhero appeared — smashing antifags in the heads for sport and pleasure — casting them back into their pits of hell.

BEHOLD, the Stick Man.

And here’s another video of his greatness — this time slowed down for dramatic effect.

Heretofore, let this be a lesson to you leftarded anarchists out there trying to spoil all of the fun: stick man is out there, watching you, waiting to bash your brains in with his glorious stick.
Content originally generated at iBankCoin.com

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When Will The Left Come For You?

Via JC Collins of Philosophy of Metrics.com,

First they came for the Socialists, and I did not speak out—
Because I was not a Socialist.
Then they came for the Trade Unionists, and I did not speak out—
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out—
Because I was not a Jew.
Then they came for me—
And there was no one left to speak for me.

 

– From the Postwar War Anti-Nazi Lectures of Protestant Pastor Martin Niemöller.

From a philosophical perspective I dislike breaking topics down into left and right ideologies. It minimizes and degenerates meaningful conversation into well rehearsed diametrical talking points which do little but entrench and promote ongoing political and social conflict. There have been some articles published which both use and explore these opposing positions, but the focus remains on the semi-engineered outcomes which are expected from such a left vs right political and socioeconomic paradigm.

The term semi-engineered is used for the first time here and is reflective of an allowable and flexible margin related to an unpredictable human quality which exerts itself on all events and situations. The intent is to ensure that the actions and reactions of the electoral body remain predictable. The semi-engineered aspects take these human nature qualities into account and prepares strategies which flow to “natural” and “organic” outcomes. These join other terms such as “grassroots” to make up the talking points of the modern political lexicon.

The Western systems of governance and education hammer the left and right ideologies through the use of mainstream media and alternative media, while using the bricks and mortar institutions of wisdom and learning as a degenerative weapon meant to promote and perpetuate the continued fragmentation and division of the electoral demographic composition.

The argument can be made that this semi-engineering is a product of both extensive conspiratorial planning as well as the human predisposition to avoid change and stick with the known. Conspiratorial planning is not as difficult to define and accept as we have been conditioned to believe. The socioeconomic and geopolitical strategy of “divide and conquer” has been a part of the worlds history as much as anything else. It is more probable that conspiratorial groups of likeminded individuals have directed and shaped the course of human history than it is that all has simply been a result of chance or happenstance.

In the book The Anglo-American Establishment by Georgetown University Professor Carrol Quigley we find that such groups have been defined and have in fact shaped the Western world through its use of the British Empire and subsequently the American hegemonic empire.

Professor Quigley states the following in Chapter 9 titled The Creation of the Commonwealth:

“The evolution of the British Empire into the Commonwealth of Nations is to a very great extent a result of the activities of the Milner Group. To be sure, the ultimate goal of the Group was quite different from the present system, since they wanted a federation of the Empire, but this was a long-run goal, and en route they accepted the present system as a temporary way station. However, the strength of colonial and Dominion feeling, which made the ideal of federation admittedly remote at all times, has succeeded in making this way-station a permanent terminal and thus had eliminated, apparently forever, the hope for federation. With the exception of a few diehards, the Group has accepted the solution of imperial cooperation and “parallelism” as an alternative to federation.”

This paragraph defines for us the function of conspiratorial planning as well as its response to the unpredictable human quality, which in this case, supported Dominion over federation. The plan and strategy of the Group was adjusted and the engineering of the Western governance structures continued. These historical realities are indisputable and provide conclusive evidence of the existence of such conspiratorial groups and sub-groups.

Subsequent groups from that defined above, which have continued the engineering of Western civilization and governance frameworks, have further developed the political left and political right ideologies as fine tuned “weapons of the weak”, which are meant to further erode civil liberties and consolidate power. This is the same objective and scope of work which the Milner Group was tasked with in its attempts to implement a federation but settled on the Dominion for the integration of sovereign regions under the Commonwealth of Nations.

The left position has been established as existing in the progressive spectrum, while the right has been established as existing in the regressive spectrum. The natural and historical tendencies of the electoral population have been positioned on the traditional right. The political left has been attempting to push and pull the mass population and its demographic ideals towards the left spectrum. This is considered progressive and resistance to this program of engineering is labeled as regressive.

From this basic setup the political tension we are experiencing today has developed. Those wanting to remain in the past, or the place from which we have been pushed and pulled, or any attempt to go back to that place, is regressive, while everything which is transforming the past and pulling our civilization further from that past is progressive.

The consideration that everything progressive is not necessarily productive and aligned with the natural demands of homo-protoculture traditions is never considered. Everything left-progressive is positive and everything right-regressive is negative.

The case is now being made by the disorganized mass of the electoral demographic that the left has become regressive while the right is now expressing the qualities of a progressive society. The core argument that the left is now regressive is best expressed in the spread and abuse of political correctness and social justice.

The left-liberal ideology promotes so-called equality and human rights for all. On the face this would appear to be extremely reasonable and honourable. In the first years of this agenda no one could argue with its mandates and goals. It started with equal rights for women, which included voting and other legal alignments which had not before been in demand or expected.

Those few who disagreed with these social objectives were rightly labeled as “chauvinist pigs” and promoters of misogyny. It was the first real movement from the traditional spectrum of the right. It is only in hindsight that we can see this, a rational social movement, as the first step towards a “progressive tyranny” and at the time it was only looked upon and considered a change for the betterment of Western civilization.

The next phase of this progressive social justice built on the ending of slavery which re-manifested as the civil rights war. Like the origins of the feminist movement, the arguments were rational and no ethical and honourable citizen could disagree with equal rights for African-Americans.

It was in the 1970’s that we first began to experience the open social expressions of the marginal segment of the population which represented homosexuality. Television programming such as Three’s Company began to condition and engineer the acceptance of the electoral demographic “right”majority.

In the show Jack, played by the late John Ritter, pretended to be gay so he could live with two women in an apartment. The “homophobic” and “regressive” landlord Mr. Roper would only let Jack live there if he was gay and not straight, as his old school traditional ethics considered a man living in sin with two women as immoral. Hilarity ensued as Jack went through a series of challenges and obstacles to live a normal heterosexual life while maintaining the illusion of homosexuality to fool the simple and backwards Mr. Roper.

Evenings as a child was spent watching Three’s Company and the humour of John Ritter with my family and laughing. It was considered good quality time and I remember laying on the carpet in front of the television with feelings of guilt as I knew late homework waited elsewhere.

It is only now that I look back and see that the show was an early weapon used to marginalize a majority into accepting a social mandate which wasn’t very popular. Nobody wanted to be a fool like Mr. Roper, so we laughed and shut up about our own personal opinions and went about our business of school and work.

The progression of the regressive-left continued through the decades with similar tactics and methods of social engineering. Everything from movies, music, and additional television programming pushed the mass population further away from the traditional roots where Western civilization began. The pendulum swing has gone so far to the left that equal rights for all has now morphed into anti-Christian, anti-white, anti-traditional, anti-male, and anti-Capitalism.

For decades already movies have imagined every mastermind criminal as an evil Capitalist who wants to enslave and control the world. This social engineering is now so rampant that discussions supporting the Capitalist system turn into serious arguments with the liberal-left making accusations of identity politics for the purpose of demeaning and minimizing both the position and character of those promoting Capitalism.

The same methods and techniques are now used on anyone who disagrees with the left ideology and its stated goals and mandates. The mass immigration which has been happening for decades already has taken on a new sense of urgency and panic as migrants and refugees from Islamic nations flood into the West. The differences in culture and beliefs between the West and Islamic cultures is obvious to most but open discussions and analysis are not permitted.

It is beginning to appear that this so-called “Islamophobia”, which has built on the resentment surrounding the labels of Homophobia and Xenophobia, among others, is being established as a benchmark on hate and hate speech. Members of Academia, which have hijacked and used our Western educational institutions to promote the liberal-left agenda, are coming in force to condemn anyone who disagrees with mass Islamic migration and open borders.

It was evenly recently stated that a database, or register, of those charged with hate crimes should be kept so the rights of those individuals can be restricted. The comparison is made to the databases which keep track of sexual offenders. The difference between hate crimes, which often, like Islamophobia, is not clearly defined and can be used to demonize unwanted behaviour from the right, and the actions of sexual offenders such as pedophiles and rapists , are massive. To marginalize a majority as Islamophobic and hateful because it does not want to lose its cultural identity to the onslaught of a culture who, by its very expressed purpose, wants to spread and take over the host culture, is one of the greatest travesties of our modern world.

Creating and maintaining a database of such “offenders of the left” is a horrible suggestion and is reminiscent of the registries which Nazi Germany utilized to track and manage the “undesirables” such as Jews.

There is a concerted effort to criminalize the behaviour and opinions which the liberal-left find undesirable. This is a serious threat to our civilization and the methods by which we ensure the continuation of freedom of speech, electoral voting, and the perpetuation of cultural segregation and division.

A man who recently burned a copy of the Koran was charged with blasphemy. How is this even possible? Our governance system which has become dominated by the left, is using that very same system to restrict the rights of varying demographics. It is ironic that the liberal-left mandates, which were born in seeking equal rights for all, like women having the right to vote, is now attempting to restrict the rights of those who do not agree with its transformed goals and objectives.

First they came for the traditionalists. Few said anything. Then they came for the Christians. Still, few said anything. Eventually they started coming for the males. Nothing. After males they started coming for the whites. Even this couldn’t get everyone to stand united against the tyranny. Now they are using a regressive ideology to take rights away from anyone who disagrees. Finally, some are speaking louder and beginning to be heard. But is it too late? When will the left come for you? Will you now speak out?

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Visualizing The US Debt Ceiling (In $100 Bills)

The United States owes a lot of money. For now, there is no debt ceiling – it has been suspended – but in 10 days that changes, and who knows what happens then.

For some context as to just how much money the US owes – and what the debt ceiling looks like – Demonocracy is back

One Hundred Dollars

$100 – Most counterfeited money denomination in the world.
Keeps the world moving.

Ten Thousand Dollars

$10,000 – Enough for a great vacation or to buy a used car.
Approximately one year of work for the average human on earth.

One Million Dollars

$1,000,000 – Not as big of a pile as you thought, huh?
Still, this is 92 years of work for the average human on earth.

One Hundred Million Dollars

$100,000,000 – Plenty to go around for everyone.
Fits nicely on an ISO / Military standard sized pallet.

The couch is made from $46.7 million of crispy $100 bills.

$100 Million Dollars = 1 year of work for 3500 average Americans

Here are 2000 people standing shoulder to shoulder, looking for a job.
The Federal Reserve's mandate is to maintain price stability and low unemployment.
The Federal Reserve prints money based on the assumption that increasing money supply will boost jobs.

One Billion Dollars

$1,000,000,000 – You will need some help when robbing the bank.
Interesting fact: $1 million dollars weighs 10kg exactly.
You are looking at 10 tons of money on those pallets.

One Trillion Dollars

$1,000,000,000,000
The 2011 US federal deficit was $1.412 Trillion – 41% more than you see here.

If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now…
but ~$700 billion- same amount the banks got during bailout.

One Trillion Dollars

Comparison of $1,000,000,000,000 dollars to a standard sized American Football field.

Say hello to the Boeing 747-400 transcontinental airliner that's hiding in the back. This was until recently the biggest passenger plane in the world.

You can see the White House with both wings to the right.

"My reading of history convinces me that most bad government results from too much government." – Thomas Jefferson

US Debt Ceiling – $20+ Trillion in 2017

Statue of Liberty seems rather worried as United States national debt is soon to pass 20% of the entire world's combined economy (GDP / Gross Domestic Product).

Here are some cool quotes from cool guys in the past saying the right things about the future and in a sense predicting today:

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” – Thomas Jefferson

If the national debt would be laid in a single line of $1 bills, it would stretch from Earth, past Uranus.

122.1 Trillion Dollars

$122,100,000,000,000. – US unfunded liabilities by Dec 31, 2012. We have not upgraded the graphics for 2017 because it simply is pointless. The US government has no plan for fixing unfunded liabilites. This number is so far out there that it is uncomprehensible to most readers but a few mathematicians.

Above you can see the pillar of cold hard $100 bills that dwarfs the WTC & Empire State Building – both at one point world's tallest buildings. If you look carefully you can see the Statue of Liberty.

The 122.1 Trillion dollar super-skyscraper wall is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions. It is the money USA knows it will not have to pay all its bills. If you live in USA this is also your personal credit card bill; you are responsible along with everyone else to pay this back. The citizens of USA created the U.S. Government to serve them, this is what the U.S. Government has done while serving The People. The unfunded liability is calculated on current tax and funding inputs, and future demographic shifts in US Population.

Note: On the above 122.1T image the size of the bases of the money stacks are $10 billion, and 400 stories @ $4 trillion.

"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." – Thomas Jefferson

 

"This is when you need to remember that when a nation's economy collapses, the wealth of the nation doesn't disappear, it only changes hands."

Government Waste: Missing Money Infographic does a great job showcasing the Trillions lost through miss-management.

Everyone needs to see this…

 

via http://ift.tt/2mVdvBM Tyler Durden