Finsbury full circle

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Firstly before you start or spread a new hashtag , change your Facebook filter or some other inane pointless platitude, maybe consider a few things about the situation.

Finsbury mosque actually celebrated the 9/11 terror attack and was the breeding ground of several high profile terrorists.

35b43a4790954cf67316ce7000ca26fbaad10151958521d35bccc591c81a1be4

So quickly this incident was called a terror attack. When muslim terrorists committed attacks recently in England the media was looking for any other term to describe the event.

The man allegedly responsible for the incident was held on the ground and kicked in the head, this is contrary to claims of him being held without injury.

London is now clearly no longer a safe place, and until you can say why  you think this is the case without punishment, you are not in a safe place either, as the place where you are in slowly turning into London.

If you mourn for Finsbury, you mourn for the supporters of terrorism, who have themselves just been terrorized.

Jim Rogers massive crash coming this year or next

Now even mainstream sources are ringing the alarm bells of an imminent massive economic crisis, with 1929 being an indicator of the scale of the coming events. You have less than 18 months, possibly less than 6 months. So if you think things are bad now, its only going to get worse.

Jim Rogers

https://www.businessinsider.com.au/jim-rogers-worst-crash-lifetime-coming-2017-6?r=US&IR=T

Transcript of interview:

Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week’s episode of The Bottom Line. Rogers predicts a market crash in the next few years. One that he says will rival anything he has seen in his lifetime. Following is a transcript of the video.

Blodget: One of the things I’ve always admired about you as an investor is that you don’t talk about what should be. You figure out what is going to be and then, you do that. So what is going to be with respect to the stock market? What’s going to happen?

Rogers: I learned very early in my investing careers: I better not invest in what I want. I better invest in what’s happening in the world. Otherwise, I’ll be broke. Dead broke.Well, what’s going to happen is it’s going to continue. Some stocks in America are turning into a bubble. The bubble’s gonna come. Then it’s gonna collapse and you should be very worried. But Henry, this is good for you. Because someone has to report it. So you have job security. You’re a lucky soul.

Blodget: Well, yeah, TV ratings do seem to go up during crashes but then they completely disappear when everyone is obliterated, so no one is hoping for that. So when is this going to happen?

 

Rogers: Later this year or next.

Blodget: Later this year or next?

Rogers: Yeah, yeah, yeah. Write it down.

Blodget: And what will trigger it?

Rogers: Well, it’s interesting because these things always start where we’re not looking. In 2007, Iceland went broke. People said, ‘Iceland? Is that a country? They have a market?’ And then Ireland went broke. And then Bear Stearns went broke. And Lehman Brothers went broke. They spiral like that. Always happens where we’re not looking. I don’t know. It could be an American pension plan that goes broke and many of them are broke, as you know. It could be some country we’re not watching. It could be all sorts of things. It could be war. Unlikely to be war but it’s going to be something. When you’re watching Business Insider and you see, ‘That’s so interesting. I didn’t know that company could go broke.’ It goes broke. Send me an email and then I’ll start watching.

Blodget: And how big a crash could we be looking at?

Rogers: It’s going to be the worst in your lifetime.

Blodget: I’ve had some pretty big ones in my lifetime.

Rogers: It’s going to be the biggest in my lifetime and I’m older than you. No, it’s going to be serious stuff. We’ve had financial problems in America — let’s use America — every four to seven years, since the beginning of the republic. Well, it’s been over eight since the last one. This is the longest or second longest in recorded history, so it’s coming. And the next time it comes — you know, in 2008, we had a problem because of debt. Henry, the debt now — that debt is nothing compared to what’s happening now. In 2008, the Chinese had a lot of money saved for a rainy day. It started raining. They started spending the money. Now, even the Chinese have debt and the debt is much higher. The federal reserves, the central bank in America, the balance sheet is up over five times, since 2008. It’s going to be the worst in your lifetime, my lifetime too. Be worried.

Blodget: I am worried.

Rogers: Good. Good.

Blodget: Can anybody rescue us?

Rogers: They will try. What’s going to happen is they’re going to raise interest rates some more. Then when things start going really bad, people are going to call and say, ‘You must save me. It’s Western civilisation. It’s going to collapse.’ And the Fed, who is made up of bureaucrats and politicians, will say, ‘Well, we better do something.’ And they will try but it won’t work. It will cause some rallies but it won’t work this time.

Blodget: And we are in a situation where Western civilisation already seems to be possibly collapsing, even with the market going up all the time. Often when you do have a financial calamity, you get huge turmoil in the political system. What happens politically if that happens?

Rogers: Well, that’s why I moved to Asia. My children speak Mandarin because of what’s coming. You’re going to see governments fail. You’re going to see countries fail, this time around. Iceland failed last time. Other countries fail. You’re going to see more of that. You’re going to see parties disappear. You’re going to see institutions that hav e been around for a long time — Lehman Brothers had been around over 150 years. Gone. Not even a memory for most people. You’re going to see a lot more of that next around, whether it’s museums or hospitals or universities or financial firms.

Read more at

https://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6#TmgQDyX5KdGWqTwl.99

 

 

BA IT outsourcing causes collapse

British Airways (BA) planned to outsource 80% of its IT workforce to Tata consulting services (TCS) a large indian IT outsourcing company by dubious use of UK work visas.

The following article is from February 26 2016 where IT staff voice their concern over the outsourcing plan.

https://www.itnews.com.au/news/british-airways-it-staff-to-strike-over-tcs-outsourcing-415692

Less than 18 months later BA It systems collapse and BA flights are cancelled around the world.

https://www.thesun.co.uk/news/3672676/british-airways-boss-tries-gag-staff-it-failure/

The CEO Alex Cruz refuses to step down and is actively trying to gag staff from laying blame where blame is due, the incompetent short sighted cost cutting management and the equally incompetent TCS.

So has anyone learned anything from this?

probably not, so lets recap.

Outsourcing does not save money it just reduces the talent level.

If outsourced employees were talented they would have emigrated, and been available as local staff.

Cutting cost on vital operations puts vital operations at risk of systemic, catastrophic failure.

Bad managers (and leaders) will always attempt to silence criticism rather than accept criticism.

In the 21st century IT is not an optional extra or luxury for most business, its a critical element, with many businesses unable to function with out it.

Manchester massacre

Why can’t the press just say Muslim terror attack? If this does not change the conversation in the UK and in the west in general, I would hate to see what does.

 

Immigration a costly mistake

Black pigeon speaks on immigration citing economic impact from several studies in first world countries.

 

The Danger Of Swedish Trucks

Saddam I am

I am Saddam

watching clips on Instagram

I hate Kuffars

Saddam I am

See this Truck, Leftist cuck?

Gonna drive it up the block!

May Allah bless the way I steer her

So when I see my rear view mirror

I’ll count how many Swedes I struck!

One Swede,

Two Swedes-

Stampede!

Three Swedes!

They didn’t share my ISIS creed!

Allah had given me my orders

Thank you for the open borders!

Thank you Jews! For this Opportunity!

Accept the dead as my Gratuity

Thank you Sweden for your trust,

and paying for our wanderlust

-the road to Allah nice and red

We’re not diverse until you’re dead!

Saddam I am

I am Saddam

I stole a truck

And now you’re dead!

The saddest words of tongue or pen

/Pol/ was right once again!

Anonymous Poem

Bitcoinplus pumped

BitcoinPlusPumped

Bitcoinplus  (XBC) prices rise on a massive surge on volume. It look very much like a classic ‘pump and dump’ scheme and looking at the other coins with ‘bit’ in the name also rising, it has the sniff of a rumor being spread to draw in the sucker money.

28march2017poloniex

Yes that’s right, you are seen over 1000% rise in one 24 hour period. There is still plenty of irrational exuberance in the crypto currency markets.

So it a pump and dump? well wait a few days and see. From the chart it seems that there was a chosen support level of 0.04 BTC that the pumper seem to be trying to maintain. Bitcoin dark was supposedly up on the news it was being merged into a new coin called Komodo.  Maybe it was the day for bit-anything.

Graphics from Poloniex.

Old Left Vs New Left

Hundreds of hours of political analysis boiled down to one easy to remember meme.

OldLeftVsNewLeft

Finance game changer

Australian department of finance released a recruitment video recently, and its completely cringe worthy. Maybe this is a reflection of their lack of self reflection, or the fact they get forced into all sorts of stupidity.

 

paleoPearAndBananaBread

 

So keeping in the Marie Antoinette theme, I’m sure heads will roll over this.

Bitcoin worth more than gold ounce

 

bitcoindesk

Prices in US dollars.

http://www.coindesk.com/bitcoin-price-sets-new-all-time-high-second-day/

Unlike the 2013-2014 price spike this trend seem to long term growth.

bitcoin-surge

 

 

 

 

 

 

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