If the rest of 2017 proves to be as actioned packed as the first month we can say with some certainty that change is coming in 2017!!

But before we cover areas of potential financial change we’re going to try and help bring some balance to the current Trump delirium.  We find ourselves particularly confused by hysterical Hollywood and other “fashionista” types, in reaction to Trump’s redneck policies.

The main point being for us, where have these people been for the last 8 years as the Obama administration has been in a constant state of war with “Muslim” countries? Wars that have created no shortage of death and dysfunction?

Why, all of a sudden, are these haters are so motivated? They’re saying only now what we’ve been saying for 10 years!! As entertaining as we find some of his politics there’s not much Trump love here, as we said, just trying to balance the argument.

Thanks to Paul Craig Roberts (http://www.paulcraigroberts.org/pages/about-paul-craig-roberts/) for the following:

“Amnesty International tells us that we must “fight the Muslim ban” because Trump’s bigotry is wrecking lives.

Anthony Dimaggio at CounterPunch says Trump should be impeached because his Islamophobia is a threat to the Constitution.

This is not to single out these two as the mindlessness is everywhere among those whose worldview is defined by Identity Politics.

One might think that Amnesty International should be fighting against the Bush/Cheney/Obama regime wars that have produced the refugees by killing and displacing millions of Muslims. For example, the ongoing war that Obama inflicted on Yemen results in the death of one Yemeni child every 10 minutes, according to UNICEF. Where is Amnesty International?

Clearly America’s wars on Muslims wreck far more lives than Trump’s ban on immigrants. Why the focus on an immigration ban and not on wars that produce refugees? Is it because Obama is responsible for war and Trump for the ban? Is the liberal/progressive/left projecting Obama’s monstrous crimes onto Trump? Is it that we must hate Trump and not Obama?

Immigration is not a right protected by the US Constitution. Where was Dimaggio when in the name of “the war on terror” the Bush/Obama regime destroyed the civil liberties guaranteed by the US Constitution? If Dimaggio is an American citizen, he should try immigrating to the UK, Germany, or France and see how far he gets.

The easiest and surest way for the Trump administration to stop the refugee problem, not only for the US but also for Europe and the West in general, is to stop the wars against Muslim countries that his predecessors started. The enormous sums of money squandered on gratuitous wars could instead be given to the countries that the US and NATO have destroyed. The simplest way to end the refugee problem is to stop producing refugees. This should be the focus of Trump, Amnesty, and Dimaggio.

Is everyone too busy hating to do anything sensible?”

Anyway, back to the economy.

We repeat our call for 2017 that the frontline for change is Europe. This has been in play since the EU bureaucrats decided Greece shouldn’t be allowed to leave.

Below is an update of where the European Central Bank is up to with its €60billion per month (down from €80B) for as long as it takes system maintenance!

To summarise for you:

The European Central Bank (ECB- equivalent to Australias Reserve Bank), “assets” have moved to above 36% of EU GDP. This is what we have referred to as twilight zone economics at its best.

The ECB now owns 10.2% of European Corporate Bonds! 

To put this into perspective for the majority of Australian readers let’s explain the type of nepotism at play here. Owning 10% of a nation’s corporate bonds doesn’t mean they will buy 10% of all ASX listed companies debt. No, there is a hideous cherry picking process based on relative systemic importance!! In other words, the bigger you are and the worse condition you’re in as company the more chance you’ll have of an ECB/RBA type buying your crappy debt.

So, when you look at Australia, they’d be pretty much buying the banks, right? Of course, the same as they’ve been doing in Japan and Europe for some time. This type of nepotism is not going down well with “the people”, at an increasing pace.

Have a look below, we’re talking about so much money it’s ridiculous and people are genuinely asking, where’s it going? Why haven’t we seen any?? Same wherever you go in Europe and they’re pushing back at an increasing pace.

This below is €1.6b per week………and rising……..we’re gonna need a bigger boat!

So when Italy decides to leave, do you think this system can be held together with more of the same?? More than likely, based on the “success” of the last 10 years, it might. Shame “the people” are starting to strongly disagree.

Anyway, for those diehard Aussies, nothing matters to until……one more quarter like the last.

One more quarter like the last and the chart above will indicate Australia will be in………recession……for the first time in a generation, 26 years.

We’ll deal with potential policy responses to this when it comes.

And finally… We couldn’t let this go past without a little update on the purchasing habits of those who really should know better than to accumulate a useless barbaric relic that pays no dividend. And being the thrifty types they are, as the price goes down they buy more.

We might tackle inflation next week but the way the sands are shifting in Europe it might have to wait.

Peace.