The scene is becoming familiar, even if the actors change from stage to stage: A political establishment is overturned by a wave of populist anger. Markets panic and a sell-off looks imminent. And then…things stabilize. The government changes, but things carry on.
The latest version of this performance is taking place in Italy where Prime Minister Matteo Renzi has just been unseated after Italians overwhelmingly voted “No” on a constitutional referendum upon which Renzi had staked his political career. The proposed law would have made a series of changes to the composition of Italy’s government, but it was not the technicalities of the proposed changes themselves that motivated over 65% of registered Italian voters to the public, and it was not some great interest in the composition and role of the Italian senate that led 59% of those voters to reject the new rules. Instead, this was seen as a referendum on Renzi and the political status quo in Italy itself.
Renzi’s loss is the end of Renzi’s brief (but not so brief by Italian standards) tenure as prime mini...
So if not economics, then what? How do we describe the study of the order that undeniably arises from the sum total of human activities? How do we understand this nearly unfathomably complex web of activities that bind humanity together if not through "economics?"
Yes, the global liberal order as envisioned by the banksters and their puppet politicians is collapsing. And yes, it is going to be messy, chaotic and violent.
The great step toward the cashless and completely controlled economy is underway. It's a trial run for the process of demonetization itself. It causes counter-economic activity to come under bank scrutiny.
A president may have a different plan for creating jobs and getting industry going again, but there is no magic wand that will solve this central-bank created bubble problem.
And for those who voted for Trump: will you commit to standing by the principles you thought you were voting for... or will you rally around the party flag as a new crew of neocons and banksters and establishment insiders step into their pre-ordained roles?
...do all of the million things that have nothing whatsoever to do with the phony baloney political charade exemplified by national selection day. Because if all you ever do is tick a box in a voting booth and sit back to see who wins the rigged sporting event, you probably believe the lizards are the best thing that ever happened to you.
...these twin bombshells are notable not for what they reveal about the corruption of the Clinton camp or the FBI, but what they reveal about the behind-the-scenes warfare that seems to be taking place between the powerful media and financial interests that are puppeteering the presidential (s)election itself.
Whatever the case, you've got to hand it to the banksters: They've kept the bubble floating along long enough for Goldman's best pal Hillary Clinton to come within arm's length of the White House.
If this latest Yemeni incident surprises in any way, it is only that the US hasn't passed a Red Sea Resolution that justifies a full-scale invasion of Yemen as revenge for the ignoble perfidity of those dastardous Houthis...
The creator of the International Forecaster, Bob Chapman.