Friday, July 14, 2017

Trump cuts gov red tape - we also need to abolish approval systems in the electronics industry!

There is a glimmer of hope!

Wiki 

June 09, 2017 Remarks by President Trump on Regulatory Relief, Department of Transportation, Washington, D.C.

We are here today to focus on solving one of the biggest obstacles to creating this new and desperately needed infrastructure, and that is the painfully slow, costly, and time-consuming process of getting permits and approvals to build. And I also knew that from the private sector. It is a long, slow, unnecessarily burdensome process.

My administration is committed to ending these terrible delays once and for all. The excruciating wait time for permitting has inflicted enormous financial pain to cities and states all throughout our nation and has blocked many important projects from ever getting off the ground. Many, many projects are long gone because they couldn’t get permits and there was no reason for it.

We’ve already taken historic steps to speed up the approvals, including the approval of the Keystone XL Pipeline -- which was very quickly approved. They were sitting there for a long time saying, well, that project is dead. Then I came into office and, all of the sudden, a miracle. And I guarantee you, the consultants went over to the heads of the company and told them what a great job they did. They asked for a lot of money, most likely. But we got it approved. And we got it approved fast.

I’m also very proud to say that the Dakota Access Pipeline is now officially open for business. It was dead 120 days ago, and now it officially just opened for business. Very proud of that. Hi, Bill.

...

We have structurally deficient bridges, clogged roads, crumbling dams and locks. Our rivers are in trouble. Our railways are aging. And chronic traffic that slows commerce and diminishes our citizens' quality of life. Other than that, we’re doing very well.

Instead of rebuilding our country, Washington has spent decades building a dense thicket of rules, regulations and red tape. It took only four years to build the Golden Gate Bridge and five years to build the Hoover Dam and less than one year to build the Empire State Building. People don’t believe that. It took less than one year. But today, it can take 10 years and far more than that just to get the approvals and permits needed to build a major infrastructure project.

These charts beside me are actually a simplified version of our highway permitting process. It includes 16 different approvals involving 10 different federal agencies being governed by 26 different statutes.

As one example -- and this happened just 30 minutes ago -- I was sitting with a great group of people responsible for their state’s economic development and roadways. All of you are in the room now. And one gentleman from Maryland was talking about an 18-mile road. And he brought with him some of the approvals that they’ve gotten and paid for. They spent $29 million for an environmental report, weighing 70 pounds and costing $24,000 per page.

And I said, do me a favor. I’m going to make a speech in a little while. Do you mind if I take that and show it? So I’m going to show it. So they spent millions and millions of dollars. When I said, how long has this short roadway been talked about, the gentleman said, well, if you say 20 years, you’re safe.

...

But these binders on the stage could be replaced by just a few simple pages, and it would be just as good. It was actually be much better. Because these binders also make you do unnecessary things that cost billions and billions of dollars and they actually make it worse.

As another example, the 23 -- if you look at it, in Ohio, the Ohio River Bridge -- $2.3 billion. The project amassed a 150,000-page administrative record -- 150,000 pages is a five-story-tall building. Think of it. If you put the paper together, it’s a five-story building.

How can a country prosper under this kind of nonsense? And I know it. I know it so well, being in the private sector. But you know, in the private sector you move, and you wheel, and you deal, and you hope, and you pray. And maybe it goes a little faster, but it’s a horrible thing in the private sector also. And we’re talking about reducing that for the private sector likewise.

Why should we continue to accept what is so clearly unacceptable? Oftentimes, the consultants -- that are making a fortune because you can’t doing anything without hiring them, paying them a tremendous amount of money, having them write up this nonsense -- you can’t get approvals. And they’re in, in the case of New York, Albany -- they go to Albany, the state capital or, here, they go to Washington for federal. And they want to make it really tough because that way, you have to hire them. It's a terrible thing. It's a group of people -- probably nobody has ever heard anybody talk about it because -- I know it because I'm a business guy, I understand that. They work really hard to make it difficult. And some are believers, but most aren't. Most want to make a lot of money. So they make a very, very simple roadway or whatever you want to be building a very complicated subject, and they make it very much more expensive and they make it worse. It's not as good as it would have been.
...

No longer can we allow these rules and regulations to tie down our economy, chain up our prosperity, and sap our great American spirit. That is why we will lift these restrictions and unleash the full potential of the United States of America.

To all our state and local leaders, I appreciate you being here today. Thank you. Thank you. Thank you, Bill. I want you to know that help is finally -- after many, many decades -- on its way. We are giving control back to the cities and the states. You know best how to plan your communities, analyze your projects, and protect your local environment.

We will get rid of the redundancy and duplication that wastes your time and your money. Our goal is to give you one point of contact to deliver one decision -- yes or no -- for the entire federal government, and to deliver that decision quickly, whether it's a road, whether it's a highway, a bridge, a dam.

To do this, we are setting up a new council to help project managers navigate the bureaucratic maze. This council will also improve transparency by creating a new online dashboard allowing everyone to easily track major projects through every stage of the approval process. This council will make sure that every federal agency that is consistently delaying projects by missing deadlines will face tough, new penalties. I know it won't happen with these two. We don't have to worry about them. We will hold the bureaucracy accountable.

We are also creating a new office in the Council of Environmental Quality to root out inefficiency, clarify lines of authority, and streamline federal and state and local procedures so that communities can modernize their aging infrastructure without fear of outdated federal rules getting in their way.

This massive permit reform -- and that's what it is; it's a permit reform -- doesn’t sound glamorous. They won't write stories about it. They won't even talk about it. But it's so important. But it's only the first step in renewing America’s roads, rails, runways and rivers.


I wrote on the approval topics before, in this post:

Excessive industrial regulatory approvals - economic weapon of mass-destruction!



Thursday, June 29, 2017

150th Anniversary of Canada!


Commonwealth of Canada  (not the current flag)

150TH ANNIVERSARY OF CANADA!

A lot has been achieved, a lot more to accomplish:

- Reduce taxes and make the rules, rates and tax brackets equal for all entities, corporate and individuals.

- Dismantle the privileges and monopolies of the medical professional bodies, insurance providers, cellphone companies and legal professionals.

- Reform the legal system towards more liberal. Abolish indeterminate detention and anti-terrorist legislation.

- Replace wind and solar power with nuclear power.

- Pull out of Paris Climate Accord.

- Reduce wages in the Public Sector by 30% distributing funds to poor and homeless.

- Reform education system by removing it out of state control, allowing local township to fund both private and public schools through vouchers, and allow determining the school programs to emphasize employable trades, craftsmanship and science, while reducing exposure to literature and arts.  Emphasize diversity over conformity.

- Delegalise public expression of all religious symbols and doctrines except on old buildings  and sites of historical value.

- Delegalise all secret societies.

Heretic



Monday, June 26, 2017

Slow motion disintegration of US Democrats and their fake news producing media

Strangely, Trump turns out to have been right!
(well at least in his "fake news" claim)

Train wreck (Wiki)
Fake news by Democrats.

Investigation into creation of fake Russian news by the Democratic Party of the US during election. Former Attorney General Loretta Lynch, now under congressional investigation for possibly obstructing the Hillary Clinton email probe, and other interesting bits:

Sketchy firm behind Trump dossier is stalling investigators, By Paul Sperry June 24, 2017

Quotes:

A secretive Washington firm that commissioned the dubious intelligence dossier on Donald Trump is stonewalling congressional investigators trying to learn more about its connections to the Democratic Party.

The Senate Judiciary Committee earlier this month threatened to subpoena the firm, Fusion GPS, after it refused to answer questions and provide records to the panel identifying who financed the error-ridden dossier, which was circulated during the election and has sparked much of the Russia scandal now engulfing the White House.

...
Fusion GPS was on the payroll of an unidentified Democratic ally of Clinton when it hired a long-retired British spy to dig up dirt on Trump. In 2012, Democrats hired Fusion GPS to uncover dirt on GOP presidential nominee Mitt Romney.

...
The Senate Judiciary Committee is also investigating whether the FBI has wrongly relied on the anti-Trump dossier and its author, Christopher Steele — the old spy who was hired by Fusion GPS to build a Russia file on Trump — to aid its ongoing espionage investigation into the Trump campaign and its possible ties to Moscow.

The FBI received a copy of the Democrat-funded dossier in August, during the heat of the campaign, and is said to have contracted in October to pay Steele $50,000 to help corroborate the dirt on Trump — a relationship that “raises substantial questions about the independence” of the bureau in investigating Trump, warned Senate Judiciary Chairman Chuck Grassley (R-Iowa).

Senate investigators are demanding to see records of communications between Fusion GPS and the FBI and the Justice Department, including any contacts with former Attorney General Loretta Lynch, now under congressional investigation for possibly obstructing the Hillary Clinton email probe, and deputy FBI director Andrew McCabe, who is under investigation by the Senate and the Justice inspector general for failing to recuse himself despite financial and political connections to the Clinton campaign through his Democratic activist wife. Senate investigators have singled out McCabe as the FBI official who negotiated with Steele.

Like Fusion GPS, the FBI has failed to cooperate with congressional investigators seeking documents.

...
Steele contracted with Fusion GPS to investigate Trump’s ties to Russia starting in June 2016, whereupon he outlandishly claimed that Hillary campaign hackers were “paid by both Trump’s team and the Kremlin” and that the operation was run out of Putin’s office. He also fed Fusion GPS and its Hillary-allied clients incredulous gossip about Trump hating the Obamas so much that he hired hookers to urinate on a bed they slept in at the Moscow Ritz-Carlton, and that Russian intelligence recorded the pee party in case they needed to blackmail Trump.

Never mind that none of the rumors was backed by evidence or even credible sourcing (don’t bother trying to confirm his bed-wetting yarn, Steele advised, as “all direct witnesses have been silenced”). Steele reinforced his paying customers’ worst fears about Trump, and they rewarded him for it with a whopping $250,000 in payments.

But it’s now clear his “intelligence reports,” which together run more than 35 pages long, were for the most part worthless. And the clients who paid Fusion GPS (which claims to go “beyond standard due diligence”) for them got taken to the cleaners.

Steele’s most sensational allegations remain unconfirmed. For instance, his claim that Trump lawyer Michael Cohen held a “clandestine meeting” on the alleged hacking scheme in Prague with “Kremlin officials” in August 2016 unraveled when Cohen denied ever visiting Prague, his passport showed no stamps showing he left or entered the US at the time, witnesses accounted for his presence here, and Czech authorities found no evidence Cohen went to Prague.


Fake news by CNN

CNN Retraction de-facto admitting to having manufactured (some) fake news during Clinton-Trump election campaign!

CNN Is Imposing Strict New Rules On Its Russia Coverage. The decision came after the network deleted and retracted a story on Friday.
Originally posted on June 25, 2017, Updated on June 25, 2017, by Jon Passantino

Quotes:

CNN is imposing strict new publishing restrictions for online articles involving Russia after the network deleted a story and then issued a retraction late Friday, according to an internal email obtained by BuzzFeed News.

The email went out at 11:21 a.m. on Saturday from Rich Barbieri, the CNNMoney executive editor, saying "No one should publish any content involving Russia without coming to me and Jason [Farkas]," a CNN vice president.

The deleted and retracted story claimed Senate investigators were looking into a Russian investment fund whose chief executive met with a member of President Trump’s transition team.

The now-deleted story was published Thursday and cited a single, unnamed source who claimed that the Senate Intelligence Committee was looking into a "$10-billion Russian investment fund whose chief executive met with a member of President Donald Trump's transition team four days before Trump's inauguration."

A source close to the network, who requested anonymity to discuss the matter, told BuzzFeed News earlier that the story was a "massive, massive f...up and people will be disciplined." The person said CNN Worldwide President Jeff Zucker and the head of the company's human resources department are "directly involved" in an internal investigation examining how the story was handled.


More fake news by CNN and "how to do it" video tutorial:

Fake protest staged by CNN film crew at London Bridge terrorist attack scene, June 4, 2017

and the CNN response to the above video - admitting it actually happened!

CNN Responds To Claims They Staged A Muslim Anti-Terror Protest, by Amber Athey, 06/05/2017


More Democratic (un)doings:

- Attorneys investigating DNC (Democratic National Convention) fraud lawsuit - dead, and other irregularities.

More Attorneys Found Dead In Wasserman Schultz Florida District!

Quote:

Three high profile attorneys have been found dead in Debbie Wasserman Schultz’s Florida district in the last two weeks, prompting the plaintiff in the massive DNC fraud lawsuit being held in Florida to request protection from the court for the plaintiffs, their witnesses and their families.

DNC lawsuit now includes claim that someone in Debbie Wasserman Schultz's office used voice changer
by Daniel Chaitin | Jun 3, 2017, 10:37 AM





Wednesday, May 31, 2017

Zbig Brzezinski - a political monster or a hero?


 Israeli Prime Minister Menachem Begin engages U.S. National Security Advisor Zbigniew Brzezinski in a game of chess at Camp David  (Wiki)

Zbigniew Brzezinski's recent death sparked a lot of diametrically opposing commentaries. In Poland he is praised as a hero for being the first after Winston Churchill to have guts to stand up to the Soviets. In the West, many of the liberal commentators view him as a globalist as a manipulator who engineered and later encouraged the modern day plague of Islamic Fundamentalism.

What were Brzezinski's political views?

Quote

Financial Times
Zbigniew Brzezinski, US national security adviser, 1928-2017
(Note: Financial Times' links do not work - search the article title instead)



Right-hand man to President Carter from Iran hostage crisis to Salt Two arms treaty
...

Brzezinski, who has died at the age of 89, was far from his predecessor’s doppelganger, but his record in office can stand fair comparison. On his watch, under President Jimmy Carter, the US normalised relations with China, severing ties with Taiwan in the process, signed the Salt Two arms treaty with the Soviet Union, brought Egypt and Israel together in the Camp David accords and concluded the Panama Canal treaty, ceding control to Panama. In each decision he was an influential player.
...
On the downside, the US was caught flatfooted by the Khomeini revolution in Iran, allowing the deposed Shah refuge in the US, which eventually led to the Iran hostage crisis, a factor in Mr Carter’s election defeat in 1980. Brzezinski was also instrumental in arming the Afghan mujahideen after the Soviet invasion of 1979, a policy that came back to haunt the US two decades later (to prove his point, flamboyantly, he was photographed in the Khyber Pass pointing a rifle across the border).

In another departure, hardly surprising given his own background and his president’s natural inclinations, Brzezinski placed human rights far higher up the policy agenda than had previously been the case. That constituted a significant departure from standard US policy, which tended to tolerate, as in General Pinochet’s Chile, human rights abuses in return for fealty to the US.

After leaving office, he became, not unlike Dr Kissinger, a prolific commentator and author on foreign policy, but without ever quite achieving his predecessor’s level of access. He broke with the Democratic Party and endorsed President George H W Bush in 1988 and was critical of Bill Clinton’s long reluctance to intervene in the Balkans in the 1990s. But he was a fierce critic of the younger President Bush’s war in Iraq and fulsome in his praise of Barack Obama, even though he was never admitted into his policy circle.

An engaging conversationalist and avid tennis player, he is survived by his wife, the sculptor Emilie Benes, two sons and a daughter, Mika, the TV news host, who announced his death on Friday.



Another interesting article, Brzezinski's view on Trump.

Towards a Security Web by Zbigniew Brzezinski

Brzezinski: America’s Global Influence Depends On Cooperation With China (12/23/2016)

The danger I see is provoking antagonism in this foremost relationship of American foreign policy without any significant strategic accomplishment. It is not in our interest to antagonize Beijing. It is much better for American interests to have the Chinese work closely with us, thereby forcing the Russians to follow suit if they don’t want to be left out in the cold. That constellation gives the U.S. the unique ability to reach out across the world with collective political influence.

Thursday, March 30, 2017

Brexit - more than the British bargained for

I favor the loosely tied confederate model of governance that the European Union has become.  It is modeled on past attempts at confederate states, examples of which are pre-Christian township of central Europe such as Lusitan, Prussian and Swiss Confederation (the only one surviving at present), Great Tartaria of Central Asia and Siberia, Polish-Lithuanian Commonwealth, and last but not least - the United States of America.    More often then not, adoption of the confederation model resulted in more civil rights because attempts by the local authorities to skew the system their way, could be challenged by the people using federal legislation. One interesting example was Ireland joining the EU which gradually washed away the autocratic rule of De Valera's theocrats resulting in more individual freedom.   Britain seems to be going the other way around, from a balance of power tied between the EU and the local government, towards giving all the power to the later.  That was probably the original intention behind the UKIP backers behind the scene as suggested by former prime minister Tony Blair in his recent "Open Britain" speech.     I am guessing, but that is the only reason that makes a sense  (actually there may be another non-exclusive reason that also makes a sense, see this post) .  Sure - British establishments wants more power and they will now be able to get it.  I guess they can hardly wait!.    The article I linked below describes some of the details of the process.  We can probably safely assume that it is just the beginning of the slippage towards authocracy in Britain, since once their elites taste the rule by decree it may be hard to revert to democracy.



The following article is the main reason I decided to post my today's rant:



What are Henry VIII powers? How Theresa May will use 'infamous' clauses to rewrite EU law


By Alice Foster (published Thu, Mar 30, 2017


Quote:



HENRY VIII powers will allow civil servants and ministers to change EU law without much parliamentary scrutiny before Brexit Day.


...

Prof Barnard, a senior fellow at the UK in a Changing Europe initiative, said it was a paradox because Brexit supporters voted to restore parliamentary sovereignty.

"People who voted to leave the EU thought they were taking back powers back to Parliament, to Westminster," she said during a briefing at King’s College London.

"What they didn’t think they would be doing is taking powers back to the executive - to the civil service, to the Government - over which there will be very little parliamentary scrutiny."

The huge volume of corrections needed to EU law mean that it would be impossible for each change to be done by Acts of Parliaments.

To solve the problem, the Great Repeal Bill White Paper published today said that the bill will "create powers to make secondary legislation".

It said: "The Great Repeal Bill will provide a power to correct the statute book, where necessary, to rectify problems occurring as a consequence of leaving the EU. "


Update 30-April-2017 - "May lives in parallel reality" article

Brexit negotiations began with a blazing row yesterday as Brussels flatly rejected Theresa May’s negotiating position and accused the British prime minister of living in a “parallel reality”.

The other 27 EU member states took just four minutes to agree a hardline stance on Brexit at a summit meeting in Brussels before Jean-Claude Juncker, the head of the European Commission, and Michel Barnier, the chief European Union Brexit negotiator, rounded on the British prime minister.

They told EU leaders that May had used a meeting with them on Wednesday night to demand that a “detailed outline” of a future free trade deal be in place before the UK agrees to pay any money to Brussels as part of the Brexit divorce deal. An EU diplomat said: “This was a rather incredible demand. It seemed as if it came from a parallel reality.”

Juncker warned yesterday that that approach would lead to an “early crash”, with Britain leaving the EU without a deal.

In an eight-page document outlining their position, the other 27 countries said the EU would “prepare itself to be able to handle the situation if the negotiations were to fail”. The guidelines also include offering Northern Ireland automatic EU membership should it join the Irish republic - a move seen as provocative in London - and giving Spain a veto over Gibraltar’s future relationship with the bloc.

Juncker and Barnier told leaders that the Wednesday dinner at May’s country retreat, known as Chequers, had also revealed huge differences over plans to recognise the rights of British citizens and EU nationals in each other’s countries.

Donald Tusk, president of the European Council, said a “serious offer” was needed on migrant rights from the UK before trade talks could begin.

An EU diplomat told The Sunday Times: “The UK’s position is miles apart, both on their financial obligations and on the EU citizens’ rights. The UK government simply wants to create a new category of ‘former EU citizens’ in their migration law, but our position is that we must go much further than that.”

The British prime minister’s stance that trade must come first was met with incredulity by EU officials, who said her chief EU sherpa, Oliver Robbins, had already agreed that the methodology for agreeing the Brexit bill would be ironed out first - along with the rights of EU citizens in Britain and the issue of the Irish border.

“She took a firm position against something we thought we had agreed,” a diplomatic source said. “It was completely unreal.” The source said the prime minister’s views on the financial settlement “border on the delusional”.

Over dinner, Juncker slapped down May by pulling out a copy of the EU-Canada trade deal, a 2,000-page document that took nearly a decade to negotiate, and recommended that the prime minister study its complexity.

Juncker’s aides said he then called Angela Merkel, Germany’s chancellor, and complained that May appeared unaware of issues communicated to her staff. According to one of Juncker’s aides, he told Merkel: “It went very badly. She is in a different galaxy. Based on the meeting, no deal is much more likely than finding agreement.”

--------

Update 3/06/2017




(watch all or from 13:30)

Saturday, March 11, 2017

How Canadian political elite extracts money from the private sector

By first throttling the private sector with manufactured regulations, red tape and taxes to trigger recession, then by offsetting the deflationary trend by lowering the interest rates, generating money and credit - benefiting through their own controlled banking  and public sector system!

 A normally inflationary effect of the government stimulus, is balanced by the apparently intentionally engineered contraction in the private sector , such that the net effect is the overall stable currency.   However the net effect on the economy is anything but balanced - since the people working in the private sector, end up somehow earning less and less while people employed (I intentionally didn't put "work") in the public sector get paid more and more.  Especially in the high echelons of government departments and in the management of state or semi-state corporations.  The lavish pay is not only limited to the higher management but to the mid-ranking staff.  As anybody living in Canada, sooner or later notices the six-figure salaries of the employed firefighters, police officers, and doctors.

This is basically the applied Keynesian economics at it worst.

Originally   Keynes postulated, among other things, that during a recession, the government ought to stimulate the economy by investing counter-cyclically, using state reserves or debt, during the time when private sector is contracting.  Conversely, during economic expansion, the government ought to accumulate budgetary surplus by collecting higher taxes which also works to slow down the growth but will then serve as the resource to re-stimulate the economy during the next down cycle.

Our present Canadian oligarchs have improved the Keynesian system.  First they must have noticed that the flow of stimulus money and credit during recessionary time, flows mostly through their own government controlled institutions, enriching their personnel and management first, subsequently it may trickles down to the rest of the economy, if there is anything left, including the private sector (if lucky).

The must have noticed that the biggest post-WWII expansion of the government+banking sector in Canada and in the USA occurred during 1970-ties - at a time of severe oil crisis and recession - for the reason stated above!

The corrupt elites probably realized that they do not necessary have to wait each cycle for a next recessionary downturn to enjoy an opportunity associated with the "stimulus",  but they could simply manufacture such occurrences bu manipulating interest rates and spewing the red tape!

How did it happen in the 1980-ties and 1990-ties that the investment capital begun flowing out of the North American economies into China and elsewhere, creating local unemployment and rendering the large portion of Canadian and American working class destitute?

     When private business cannot make a profit by investing in certain countries, they of course don't invest there, their capital simply moves elsewhere!    But the interesting question is not "why" but "who"!

 Who set up the dis-incentives in the private sector to slow all productive investments?  Who set up the red tape, tax structure, labor and environmental laws to make it difficult to conduct business here?

  Who really benefits from government-imposed carbon tax and government engineered energy disaster in Ontario (and Alberta) resulting in the highest electricity prices in North America!

I submit the thesis that the government elites did engineer the crises in the recent times, and they are the main beneficiaries of their policies, while everybody else has to pay higher taxes and earns less!

Stan Bleszynski
11-March-2017

Saturday, November 19, 2016

Deflationary recession is now increasingly probable!

US bond yield has gone up by 50% in just 2 months reversing the long term trend!  This begun before  the recent US presidential election and is rapidly rising since the election, in the last couple of weeks.

The yield increase causes the financial asset values and the value of debt held as collateral - to decrease. This is highly deflationary! It can no longer be offset by "quantitative easing"(*) and any of the recently employed financial stimulation techniques, because injecting more cash into circulation causes the interest rates to increase or to decline less rapidly, which prevents the fixed assets and bond prices to recover or to reverse the declining trend. Providing a cash stimulus may even accelerate the banking and corporate collateral collapse by raising the interest rates and yields even further! On the other hand, the recently favored method of stimulating the large corporate economy by offering them cheap low interest credit might not work anymore (**) now that the interest rates have risen and the large corporate assets that can be used as the collateral for new loans - have declined in value!

The current global corporate economy has entered a classical two "poison pills" stage (***)! One "poison pill" being the corporate "globalism" - a credit-based corporate expansion (with austerity for everybody else), while the other "poison pill" being the financial stimulus policy of expanding the monetary mass. One "poison pill" solution neutralizes the effects of the other thus compelling the ruling elites to employ both of them alternatively resulting in the slower (but surer) decline as opposed to applying any one of the "solutions" alone which would lead to a rapid economic collapse!

Stan Bleszynski

Notes:

(*) The reason monetary stimulus cannot reverse the current deflationary assets' collapse (though it may produce a localized price inflation for services, food and commodities) is that the global amount of fixed yield investment assets is about two orders of magnitude higher than the amount of monetary mass in circulation. Any increase in monetary mass attempting to push inflation and yields up would therefore be countered by strong deflationary decline of the fixed-yield assets held by corporations, investment funds and governments.

(**) Cheap credit offered at low interest rates, might still work for small property owners who unlike large corporations, are not yet fully credit-collateral-tapped-out! This would also prevent or would slow down the property collapse.

(***) I have seen this technique employed successfully for manipulating a victim into self-destruction that is very general and not limited to economy but used extensively in consumer marketing and other areas as well. It is based on promoting two equally destructive but opposing paths , products, ideologies or beliefs, with one countering the other. The victim is entrapped into pursuing them both switching alternatively from one to the other while spiraling into oblivion. To make this work, all choices other than those two have to be hidden from view or obfuscated. It is good to know about that what is hitting us, so that we can take precautions choosing something unpredictable and none of the above. 8-:)