RogueESW: V for Veles, Margin Call USA 03/07/2025
"DOGE is cutting bad money, and frankly some good money, out of federal agencies to cut our US debt. US debt and debt [service] payments are greater than the Department of Defense budget. Consider that for a moment--bigger than the DoD's budget. And also consider the other things I've said today. They're going through all of the defense and government contractors and think tanks to determine what work is really needed. Not just are you providing value? I know I said that earlier, but it goes deeper than that. Even if you've got a project and it does good stuff, they're still cutting it, unless it's absolutely necessary. And large chunks of those portfolios are gonna get cut, you can count on it."
"Now recall my other mantra that I've said on this show, I know V has said it and others out there have said it. The United States has a trillion dollars each--each!--of credit card debt, car loans, commercial real estate and college loan debt whose at risk of never being paid. That's four trillion dollars. That's a trillion dollars more than the annual GDP of California, and California's GDP is bigger than [that of] most countries! That's the kind of scale of what we're talking about..."
"So when you gotta fix big problems, you have to take old world Old Testament, coercive measures. The United States is literally threatening Ukraine to pay us back part of the $100 billion they received out of their natural resources. The U.S. is threatening to seize or make vassal states or protectorates out of Canada and Greenland. The United States is raising tariffs on everyone unless they agree to a new set of trade guidelines. The United States is threatening to go cold turkey with NATO. We made Zelensky come to the White House and drop a knee before the President and of course, the plan was to sign a peace agreement, before it turned into a screaming match and we sent him packing. And of course, the last few weeks the media is filled with him [Zelensky] saying, 'Hey I was just kidding, we still can sign an agreement'. We made the United Kingdom's Prime Minister Keir Starmer come to the White House and drop a knee and sign an agreement. The same occurred within a month of [Trump] taking office with leaders of Canada and France. Regardless of the cross-border yelling right now between the United States and Canada, and of course, the fact that [Justin] Trudeau was crying on TV yesterday [03/06/2025], that's the truth. Canada's reality in this situation: there are 40 million people in Canada, there are 350 million plus of us in the United States. This is medieval era stuff, you're coming to the king's castle or tent and you're agreeing to terms. No one is traveling to Europe, they're coming here. The symbolism is obvious."
"And for fans of Donald Trump, don't get too excited. This isn't about him. This is about who he works for and what the new order of things is gonna be."
– Veles, 03/07/2025
ICYMI on Friday's RogueESW V for Veles show "Globe ReOrdered", Veles discusses (among other topics):
Hollywood/Occult/Deep State Blackmail Networks
• The highly redacted Jeffrey Epstein files released by AG Pam Bondi being a limited hangout
• Strange Hollywood deaths including the passing of Gene Hackman and his wife
• Stanley Kubrick's films exposing MK Ultra programming
Geopolitics/Geoecon
• US squeezing its Canadian and European allies, not because Donald Trump is a big meanie with contempt for Europe, but due to the power players the Don and Elon Musk work for demanding a reduction in US liabilities while raising American tariff and natural resource extraction revenues
Economic Recession Yellow Car Dashboard Lights Are Flashing Bright
• The biggest players in private equity making massive investments in data centers
• The prospects of another subprime lending crisis after the one in 2007-2008, directly related to the new housing bubble and inflation driving down affordability nationwide
• Las Vegas looks pretty dead right now as consumers who used to gamble cash
• The smart big money is moving out of equities into gold and commodities
• Licensed financial advisors are leaving their Wall Street firms in droves
• The flight of executives out of government agencies and government contracting firms as the new Administration and its DOGE continues to create uncertainty about where the grant monies are going and near-term cutbacks
• The continued exodus of C-suite executives out of Fortune 500 companies, with execs understanding within six months in their megacorps jobs that they aren't reaching their exec comp targets (a topic MBA programs generally don't cover). Veles conclusion--the targets set for these execs cannot possibly be reached in the current economy and massive cost cutting by firms has run many organizations into the ground. The dirty secret, Veles says, is that these firms are being deliberately hollowed out of qualified managers and senior (hence well-paid) employees so that their stock prices can be radically revalued for merger and acquisition purposes, with the biggest private equity firms taking them over. In essence, a corporatist consolidation in preparation for a fire sale long after the restructurers have golden parachuted out. This is what Jack Welch used to do at General Electric on steroids, "I've seen this a ton of times, folks".
Margin Call (2011) The Meeting scene (quotes from IMDB.com modified by Eds)
Sam Rogers: The real question is: who are we selling this to?
John Tuld: The same people we've been selling it to for the last two years, and whoever would buy it.
Sam Rogers: But John, if you do this, you will kill the market for years. It's over.
[John nods grimly]
Sam Rogers: And you're selling something that you know has no value.
John Tuld: We are selling to willing buyers at the current fair market price.
[Sam lowers his gaze]
John Tuld: ...so that we may survive!
and in the words of Veles, so that the United States may survive."