Full screen recommended.
Canadian Prepper, 5/11/24
"Alert! Total Systems Crash From London To New York!
Everyone Is Sleeping, Buckle Up!"
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So, we rise from the rubble...
Saturday, May 11, 2024
Jeremiah Babe, "Americans Are Drowning In Debt And Racking Up More, Massive Debt Crisis Unavoidable"
Jeremiah Babe, 5/11/24
"Americans Are Drowning In Debt And Racking Up More,
Massive Debt Crisis Unavoidable"
Comments here:
"A Look to the Heavens"
"Who knows what evil lurks in the eyes of galaxies? The Hubble knows -- or in the case of spiral galaxy M64 - is helping to find out. Messier 64, also known as the Evil Eye or Sleeping Beauty Galaxy, may seem to have evil in its eye because all of its stars rotate in the same direction as the interstellar gas in the galaxy's central region, but in the opposite direction in the outer regions. Captured here in great detail by the Earth-orbiting Hubble Space Telescope, enormous dust clouds obscure the near-side of M64's central region, which are laced with the telltale reddish glow of hydrogen associated with star formation.
M64 lies about 17 million light years away, meaning that the light we see from it today left when the last common ancestor between humans and chimpanzees roamed the Earth. The dusty eye and bizarre rotation are likely the result of a billion-year-old merger of two different galaxies."
The Poet: Langston Hughes, “Life Is Fine”
“Life Is Fine”
“I went down to the river,
I set down on the bank.
I tried to think but couldn’t,
So I jumped in and sank.
I came up once and hollered!
I came up twice and cried!
If that water hadn’t a-been so cold
I might’ve sunk and died.
But it was Cold in that water! It was cold!
I took the elevator
Sixteen floors above the ground.
I thought about my baby
And thought I would jump down.
I stood there and I hollered!
I stood there and I cried!
If it hadn’t a-been so high
I might’ve jumped and died.
But it was High up there! It was high!
So since I’m still here livin’,
I guess I will live on.
I could’ve died for love -
But for livin’ I was born.
Though you may hear me holler,
And you may see me cry -
I’ll be dogged, sweet baby,
If you gonna see me die.
Life is fine! Fine as wine! Life is fine!”
- Langston Hughes
Chet Raymo, "The Ring of Truth"
"The Ring of Truth"
by Chet Raymo
"In Salley Vickers' novel, "Where Three Roads Meet," the shade of Tiresias, the blind seer of the Oedipus myth, visits Sigmund Freud in London during the psychoanalyst's final terrible illness. In a series of conversations, Tiresias retells the story of Oedipus- he who was fated to kill his father and sleep with his mother- a story at the heart of Freud's own theory of the human psyche. At one point in the conversations, as Tiresias and Freud discuss the extent to which our lives are fated, the question of immortality arises. Freud says of Oedipus that "he made his story into an immortal one, so far as any story is." And Tiresias replies, "But, Dr. Freud, stories are all we humans have to make us immortal."
Oedipus lives on, whether he lived or not in actuality. Sophocles lives in our consciousness as vigorously as ever he did in life. They live because their stories touch something resonant and unchanging in human nature. Vickers suggests that what makes the Oedipal story immortal is not any necessary tendency of humans to act out the Oedipal myth, a la Freud, but rather Oedipus's rage to know the truth- or become conscious of a truth he has known all along and suppressed - even though the truth will be his undoing.
The poet Muriel Rukesyser got it exactly right when she said: "The universe is made of stories, not atoms." Even atoms are stories we tell about the world, having first paid close attention to how the world works. The plays of Sophocles and the other Greek dramatists live on not because their authors were immortal, but because nature endures and their stories tell us something that rings true about enduring nature. And, like Oedipus, we have a rage to know, even if knowledge will unseat some of our more comfortable illusions.
"Thucydides in the Underworld"
"Master, what gnaws at them so hideously their lamentation stuns the very air?"
"They have no hope of death," he answered me..."
- "The Inferno," Dante Alighieri
"Thucydides in the Underworld"
by JR Nyquist
"The shade of Thucydides, formerly an Athenian general and historian, languished in Hades for 24 centuries; and having intercourse with other spirits, was perturbed by an influx into the underworld of self-described historians professing to admire his History of the Peloponnesian War. They burdened him with their writings, priding themselves on the imitation of his method, tracing the various patterns of human nature in politics and war. He was, they said, the greatest historian; and his approval of their works held the promise that their purgatory was no prologue to oblivion.
As the centuries rolled on, the flow of historians into Hades became a torrent. The later historians were no longer imitators, but most were admirers. It seemed to Thucydides that these were a miserable crowd, unable to discern between the significant and the trivial, being obsessed with tedious doctrines. Unembarrassed by their inward poverty, they ascribed an opposite meaning to things: thinking themselves more “evolved” than the spirits of antiquity. Some even imagined that the universe was creating God. They supposed that the "most evolved" among men would assume God’s office; and further, that they themselves were among the “most evolved.”
Thucydides longed for the peace of his grave, which posthumous fame had deprived him. As with many souls at rest, he took no further interest in history. He had passed through existence and was done. He had seen everything. What was bound to follow, he knew, would be more of the same; but after more than 23 centuries of growing enthusiasm for his work, there occurred a sudden falling off. Of the newly deceased, fewer broke in upon him. Quite clearly, something had happened. He began to realize that the character of man had changed because of the rottenness of modern ideas. Among the worst of these, for Thucydides, was that barbarians and civilized peoples were considered equal; that art could transmit sacrilege; that paper could be money; that sexual and cultural differences were of no account; that meanness was rated noble, and nobility mean.
Awakened from the sleep of death, Thucydides remembered what he had written about his own time. The watchwords then, as now, were "revolution" and "democracy." There had been upheaval on all sides. "As the result of these revolutions," he had written, "there was a general deterioration of character throughout the Greek world. The simple way of looking at things, which is so much the mark of a noble nature, was regarded as a ridiculous quality and soon ceased to exist. Society had become divided into two ideologically hostile camps, and each side viewed the other with suspicion."
Thucydides saw that democracy, once again, imagined itself victorious. Once again traditions were questioned as men became enamored of their own prowess. It was no wonder they were deluded. They landed men on the moon. They had harnessed the power of the atom. It was no wonder that the arrogance of man had grown so monstrous, that expectations of the future were so unrealistic. Deluded by recent successes, they could not see that dangers were multiplying in plain view. Men built new engines of war, capable of wiping out entire cities, but few took this danger seriously. Why were men so determined to build such weapons? The leading country, of course, was willing to put its weapons aside. Other countries pretended to put their weapons aside. Still others said they weren't building weapons at all, even though they were.
Would the new engines of destruction be used? Would cities and nations be wiped off the face of the earth? Thucydides knew the answer. In his own day, during an interval of unstable peace, the Athenians had exterminated the male population of the island of Melos. Before doing this the Athenian commanders had came to Melos and said, "We on our side will use no fine phrases saying, for example, that we have a right to our empire because we defeated the Persians, or that we have come against you now because of the injuries you have done us - a great mass of words that nobody would believe." The Athenians demanded the submission of Melos, without regard to right or wrong. As the Athenian representative explained, "the strong do what they have the power to do and the weak accept what they have to accept."
The Melians were shocked by this brazen admission. They could not believe that anyone would dare to destroy them without just cause. In the first place, the Melians threatened no one. In the second place, they imagined that the world would be shocked and would avenge any atrocity committed against them. And so the Melians told the Athenians: "In our view it is useful that you should not destroy a principle that is to the general good of all men - namely, that in the case of all who fall into danger there should be such a thing as fair play and just dealing. And this is a principle which affects you as much as anybody, since your own fall would be visited by the most terrible vengeance and would be an example to the world."
The Athenians were not moved by the argument of Melos; for they knew that the Spartans generally treated defeated foes with magnanimity. "Even assuming that our empire does come to an end," the Athenians chuckled, "we are not despondent about what would happen next. One is not so much frightened of being conquered by a power [like Sparta]." And so the Athenians destroyed Melos, believing themselves safe - which they were. The Melians refused to submit, praying for the protection of gods and men. But these availed them nothing, neither immediate relief nor future vengeance. The Melians were wiped off the earth. They were not the first or the last to die in this manner.
There was one more trend that Thucydides noted. In every free and prosperous country he found a parade of monsters: human beings with oversized egos, with ambitions out of proportion to their ability, whose ideas rather belied their understanding than affirmed it. Whereas, there was one Alcibiades in his own day, there were now hundreds of the like: self-serving, cunning and profane; only they did not possess the skills, or the mental acuity, or beauty of Alcibiades. Instead of being exiled, they pushed men of good sense from the center of affairs. Instead of being right about strategy and tactics, they were always wrong. And they were weak, he thought, because they had learned to be bad by the example of others. There was nothing novel about them, although they believed themselves to be original in all things.
Thucydides reflected that human beings are subject to certain behavioral patterns. Again and again they repeat the same actions, unable to stop themselves. Society is slowly built up, then wars come and put all to ruin. Those who promise a solution to this are charlatans, only adding to the destruction, because the only solution to man is the eradication of man. In the final analysis the philanthropist and the misanthrope are two sides of the same coin. While man exists he follows his nature. Thucydides taught this truth, and went to his grave. His history was written, as he said, "for all time." And it is a kind of law of history that the generations most like his own are bound to ignore the significance of what he wrote; for otherwise they would not re-enact the history of Thucydides. But as they become ignorant of his teaching, they fall into disaster spontaneously and without thinking.
Seeing that time was short, and realizing that a massive number of new souls would soon be entering the underworld, the shade of Thucydides fell back to rest."
Dan, I Allegedly, "Your Bank Could Betray You - What They Aren't Telling You!"
Full screen recommended.
Dan, I Allegedly, 5/11/24
"Your Bank Could Betray You -
What They Aren't Telling You!"
"What they aren't telling you! Dive into the shocking truths behind the banking sector's move towards digital-only transactions, potentially signaling a major shift in global financial practices. You cannot deny what we are going to be heading into. Now you have a bank that will deny all transactions. This bank will be closed basically to human contact. No deposits, no withdrawals and no cashier's checks."
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The Daily "Near You?"
Phoenix, Arizona, USA. Thanks for stopping by!
And thank you from Casa Grande ;-)
"A Waking Dreamer..."
"Humanity today is like a waking dreamer, caught between the fantasies of sleep and the chaos of the real world. The mind seeks but cannot find the precise place and hour. We have created a Star Wars civilization, with Stone Age emotions, medieval institutions, and godlike technology. We thrash about. We are terribly confused by the mere fact of our existence, and a danger to ourselves and to the rest of life."
- Edward O. Wilson
"Immortality in Passing: Poet Lisel Mueller, Who Lived to 96, On What Gives Meaning to Our Ephemeral Lives"
"Immortality in Passing: Poet Lisel Mueller, Who Lived to 96,
On What Gives Meaning to Our Ephemeral Lives"
by Maria Popova
“When you realize you are mortal you also realize the tremendousness of the future. You fall in love with a Time you will never perceive,” the poet, painter, and philosopher Etel Adnan observed as she beheld impermanence and transcendence at the foot of a mountain. “By the grace of random chance, funneled through nature’s laws,” the poetic physicist Brian Greene wrote in his beautiful meditation on our search for meaning in a cold cosmos, “we are here.”
And then we are not.
We die. All of us - atoms to atoms, stardust to stardust, the mountain to the sea - you and I. The dual awareness of our improbable life and our inevitable death is what allows us to animate the interlude with love and beauty, with poems and fairy tales and poems, with general relativity and Nina Simone. It is what puts into perspective just how fleeting and vacant and self-embittering all of our angers and blames and resentments are in the end - what beckons us, instead, to “leave something of sweetness and substance in the mouth of the world.”
That is what the late, great Lisel Mueller (February 8, 1924–February 21, 2020) - one of the most original, deepest-seeing poets of our time - explores with great subtlety and profundity disguised as levity in the poem “Immortality” from her final poetry collection, the Pulitzer-winning masterpiece "Alive Together" (public library).
"Immortality"
"In Sleeping Beauty’s castle
the clock strikes one hundred years
and the girl in the tower returns to the world.
So do the servants in the kitchen,
who don’t even rub their eyes.
The cook’s right hand, lifted
an exact century ago,
completes its downward arc
to the kitchen boy’s left ear;
the boy’s tensed vocal cords
finally let go
the trapped, enduring whimper,
and the fly, arrested mid-plunge
above the strawberry pie,
fulfills its abiding mission
and dives into the sweet, red glaze.
As a child I had a book
with a picture of that scene.
I was too young to notice
how fear persists, and how
the anger that causes fear persists,
that its trajectory can’t be changed
or broken, only interrupted.
My attention was on the fly;
that this slight body
with its transparent wings
and lifespan of one human day
still craved its particular share
of sweetness, a century later.
- Lisel Mueller
“Immortality” by Lisel Mueller (read by Maria Popova)
(Two centuries earlier, William Blake explored the same eternal subject though the same creature in his short existentialist poem “The Fly.”)
In the front matter of this altogether miraculous book, where an epigraph would ordinarily appear, Mueller offers a short poem that becomes a kind of chorus line for the entire collection, but emerges as an especially harmonizing counterpart to “Immortality” in particular:
Complement these fragments of the wholly transcendent Alive Together with physicist Alan Lightman on our yearning for immortality in a universe governed by decay, Pico Iyer on finding beauty in impermanence, and Marcus Aurelius on mortality as the key to living fully, then revisit Barbara Ras’s bittersweet, buoyant, perspective-calibrating poem “You Can’t Have It All” and Marilyn Nelson’s magnificent ode to how we fill our impermanence with importance, “Faster Than Light.”
○
"The Backdoor to Immortality: Marguerite Duras
on What Makes Life Worth Living in the Face of Death"
“What exists, exists so that it can be lost and become precious,” Lisel Mueller wrote as she weighed what gives meaning to our mortal lives in a stunning poem - one of the hundreds that outlived her as she returned her borrowed stardust to the universe at ninety-six. And yet, by some felicitous deviation from logic - perhaps an adaptive imbecility essential for our mental and emotional survival, one of the touching incongruences that make us human - the moment something becomes precious to us, we quarantine the prospect of its loss in some chamber of the mind we choose not to enter. On some deep level beyond the reach of reason, we come to believe that the people we love are - must be, for the alternative is a fathomless terror - immortal.
And so, when a loved one dies, this deepest part of us grows wild with rage at the universe - a rage skinned of sensemaking, irrational and raw, unsalved by our knowledge that the entropic destiny of everything alive is to die and of everything that exists to eventually not, even the universe itself; unsalved by the the immense cosmic poetry hidden in this fact; unsalved by the luckiness of having lived at all against the staggering cosmic odds otherwise; unsalved by remembering that only because ancient archaebacteria were capable of dying, as was every organism that evolved in their wake, we and the people we love and the people we lose came to exist at all."
- Maria Popova
"Have We Reached “Peak Idiocracy” Yet?" (Excerpt)
"Have We Reached “Peak Idiocracy” Yet?" (Excerpt)
by Michael Snyder
Excerpt: "We should all be absolutely horrified by what has happened to our society. Everywhere you look, people seem to be going completely and utterly nuts. Once upon a time, the crazy people were a very small segment of the population that could be easily ignored. But now the lunatics are literally running the asylum. If you doubt this, just look at our statehouses around the nation and the current crop of politicians that we have in Washington. Sadly, the truth is that the people that are representing us are a very accurate reflection of what we have become as a nation. We truly have become a raging “idiocracy”, and the rest of the world is literally laughing at us."
The complete, hang our heads in shame article is here:
o
"Ah, You Miserable Creatures!"
"Ah, you miserable creatures! You who think that you are so great!
You who judge humanity to be so small! You who wish to reform everything!
Why don't you reform yourselves? That task would be sufficient enough."
- Frederic Bastiat
How much more evidence do you need to
realize we as a society have lost our collective minds?
"That's The Truth..."
"Someday stars will wind down or blow up. Someday death will cover us all like the water of a lake and perhaps nothing will ever come to the surface to show that we were ever there. But we WERE there, and during the time we lived, we were alive. That's the truth - what is, what was, what will be - not what could be, what should have been, what never can be."
- Orson Scott Card
"Now the voices and the sound of movement were gone, and the stream could be heard running quietly under its banks. The air was full of the scent of water and of flowers. She walked, quiet, while the house began to reverberate: a band had started up. She walked beside the river while the music thudded, feeling herself as a heavy, impervious, insensitive lump that, like a planet doomed always to be dark on one side, had vision in front only, a myopic searchlight blind except for the tiny three-dimensional path open immediately before her eyes in which the outline of a tree, a rose, emerged then submerged in dark. She thought, with the dove's voices of her solitude. Where? But where? How? Who? No, but where, where? Then silence and the birth of a repetition. Where? Here. Here? Here, where else, you fool, you poor fool, where else has it been, ever?"
- Doris Lessing
"In The End..."
"What we think, or what we know, or what we believe is, in the end,
of little consequence. The only consequence is what we do."
- John Ruskin
"Parades, There And Here"
Full screen recommended.
"Russia Victory Day: Russian Weapons & 9,000
Soldiers Parade in Central Moscow"
"President Vladimir Putin said on Thursday that Russia would do everything to avoid a clash of global powers but would not let itself be threatened, in a speech to mark the anniversary of the Soviet victory over Nazi Germany in World War Two. Putin was addressing massed ranks of Russian servicemen on Red Square.
After calling for a minute of silence, Putin ended with the words: "For Russia! For victory! Hurrah!", providing the cue for thousands of troops to answer with three loud cheers. "Russia will do everything to prevent a global clash. But at the same time we will not allow anyone to threaten us. Our strategic forces are always in a state of combat readiness," Putin said in a short speech as flurries of snow whipped across the vast square.
Russia stages its main annual Victory Day parade in Moscow's Red Square marking victory in World War II. Russian President Vladimir Putin is expected to make an address at the event. Russia on Thursday marks the Soviet Union's victory over Nazi Germany in World War Two as relations with the West spiral deeper into crisis over the advance of Russian troops against Ukraine's Western-backed forces.
Vladimir Putin, who rose to power just eight years after the Soviet Union broke up, will speak at the Victory Day parade on Red Square though there will be less military hardware on display than in parades before Russia's 2022 invasion of Ukraine. Putin now casts the war as part of a holy struggle with the West, which he says has forgotten the role played by the Soviet Union in defeating Nazi Germany and the lesson that neither Napoleon Bonaparte nor Adolf Hitler could defeat Russia."
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o
Full screen recommended.
"The Best of San Francisco Pride Parade 2023"
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Comments?
Adventures With Danno, "Massive Price Increases At Walmart!"
Full screen recommended.
Adventures With Danno, AM 5/11/24
"Massive Price Increases At Walmart!"
"In today's vlog, we are at Walmart and are noticing massive price increases on many grocery items. It's getting rough out here as many families continue to struggle to put food on the table."
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Musical Interlude: R.E.M. "Everybody Hurts"
Full screen recommended.
R.E.M. "Everybody Hurts"
Never give up... never.
Friday, May 10, 2024
Scott Ritter, "Israel’s Rafah Offensive – A Strategic Blunder with Dire Consequences"
Full screen recommended.
Scott Ritter, 5/10/24
"Israel’s Rafah Offensive –
A Strategic Blunder with Dire Consequences"
Canadian Prepper, "'Cannibal' Solar Storm Blackouts? Emergency Messages; Nuclear Event"
Full screen recommended.
Canadian Prepper, 5/10/24
"'Cannibal' Solar Storm Blackouts?
Emergency Messages; Nuclear Event"
Comments here:
Jeremiah Babe, "People Hate Their Jobs And Hate Working"
Jeremiah Babe, 5/10/24
"People Hate Their Jobs And Hate Working;
FedEx Driver Destroys Packages"
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"The Gods Laugh At Your Plans: Chekhov, Jaspers, And Life-changing Moments"
"The Gods Laugh At Your Plans:
Chekhov, Jaspers, And Life-changing Moments"
The most momentous and significant events in our lives
are the ones we do not see coming. Life is defined by the unforeseen.
by Jonny Thomson
"You’re in the shower one day, and you feel a lump that wasn’t there before. You’re having lunch when your phone rings with an unknown number: there’s been a crash. You come home and your husband is holding a suitcase. “I’m leaving,” he says.
Life is inevitably punctuated by sudden changes. At one moment, we might have everything laid out before us, and then an invisible wall stops us in our tracks. It might be an illness, a bereavement, an accident or some bad news, but life has a habit of mocking those who make plans. We can have our eyes on some distant shore, some faraway horizon, only to find everything come crashing down by the most unseen of events. As the Scottish poet Robert Burns wrote, “The best laid schemes o’ Mice an’ Men. Gang aft agley” (often go wrong).
In Anton Chekhov’s remarkable play, "The Seagull," we meet a cast of characters who are all, in some way, in love with something. The young, idealistic artist Konstantin is in love with the idea of pure art. Arkadin, his mother, is in love with her fans and her celebrity. Konstantin’s girlfriend, Nina, is in love with becoming rich and famous. Everyone in the play has some kind of ambition and plan, or they live in regret over the life they chose. They rail against how misguided or mistaken their life has been, while longing for something else.
They are each like a seagull, flying over the sea or a great lake, and aiming purposefully for the shore. The view up there is wonderful. But the longer the seagull flies, the more oblivious they are to how they tire or weaken. They’re so fixated on some distant horizon that they’re at the mercy to life’s sudden changes. They’re blinkered and distracted, and the gods love nothing more than the hopeful hubris of mankind.
At one point in the play, Chekov has the character Trigorin recount a short story about a gull flying over a lake who’s, “happy and free.” But in the next moment, “a man sees her who happens to come that way, and he destroys her out of idleness.” The seagull is killed, its flight and plans annihilated, in one instant of random thoughtlessness.
Boundary Situations: While so much of our lives are spent in planning and preparation, the most transformative and significant moments are those which come at us out of the blue. These are what the psychiatrist Karl Jaspers called “boundary situations” - the ones we cannot initiate, plan, or avoid. We can only “encounter” them. These are not the mundane, everyday parts of our life - what Jaspers calls “situation being” - but rather they are things which thunder down to shake the foundations of our being. They change who we are. Although these “boundary situations” (sometimes called “limit situations”) change a bit in Jaspers’ works, he broadly sorted them into four categories:
Death: Death is the source of all our fear. We fear our loved ones dying, and we fear the moment and fact of our own death. When we know grief and despair, or when we reflect on mortality, we are transformed. We always know about death, but when it’s a boundary situation, it comes crashing into our lives like some grim scythe; an unforeseen curtain call. The awareness and subjective encounter with death transforms us.
Struggle: Life is a struggle. We work for food, compete for resources, and vie with each other for power, prestige, and status in almost every context there is. As such, there are moments when we are inevitably overcome and defeated, but also when we are victorious and champion. The final outcomes of struggle are often sudden and great, and they make us who we are.
Guilt: Hopefully, there comes a moment for each of us when we finally accept responsibility for things. For many, it comes with adulthood, but for others it comes much later still. It’s the awareness that our actions impact all around us, and our decisions echo into the world. It’s seeing the damage or tears we’ve caused. It’s to recognize that, however small or big, we’ve hurt and upset someone. It’s a profound pull of the heart that changes how we live, and it often comes on unexpectedly.
Chance: No matter how neat and ordered we might want our world to be, there will always be a messy, chaotic, and unpredictable exception. We can hope for the best, and make the plans we want, but we can never take a steering handle on the facts that will affect our existence. According to Jaspers, we each prefer, “assembling functional and explanatory structures… whose central axis lies in sufficient reason” and yet, “despite this, it is not possible for man to control and explain everything. In fact, day by day he faces events that he cannot call anything else other than coincidences or hazards.” We want order, and regularity. What we get is the mercurial and capricious throes of chance.
The best laid plans: What Chekhov’s Seagull and Jaspers’ “boundary situations” get right is that we are each much more vulnerable than we might want to allow. A wedding, three years and a fortune to plan, is ruined by a stomach bug. An hour-long journey home for Christmas winds up getting you stuck in the traffic of a freak snowstorm. A lifetime achievement is overshadowed by a national disaster. Our lives are defined by the unforeseen. We have our dreams, hopes and are flying to some faraway shore. Yet life doesn’t care. Around every corner, at every flap of our wings, everything can change."
o
If you caught a glimpse of your own death,
would that knowledge change the way you live the rest of your life?"
- Paco Ahlgren, "Discipline"
The Poet: Rolf Jacobsen, "When They Sleep"
"When They Sleep"
"All people are children when they sleep.
There's no war in them then.
They open their hands and breathe
in that quiet rhythm heaven has given them.
They pucker their lips like small children
and open their hands halfway,
soldiers and statesmen, servants and masters.
The stars stand guard
and a haze veils the sky,
a few hours when no one will do anybody harm.
If only we could speak to one another then
when our hearts are half-open flowers.
Words like golden bees
would drift in.
God, teach me the language of sleep."
- Rolf Jacobsen,
"The Roads Have Come to an End Now"
"Sometime In Your Life..."
"Sometime in your life, hope that you might see one starved man, the look on his face when the bread finally arrives. Hope that you might have baked it or bought or even kneaded it yourself. For that look on his face, for your meeting his eyes across a piece of bread, you might be willing to lose a lot, or suffer a lot, or die a little, even."
- Daniel Berrigan
"A Lot Of People..."
“When science discovers the center of the universe,
a lot of people will be disappointed to find they are not it.”
- Bernard Baily
Gregory Mannarino, "Something Huge Just Happened! A Possible Game Changer For Presidential Selection"
Gregory Mannarino, PM 5/10/24
"Something Huge Just Happened!
A Possible Game Changer For Presidential Selection"
Comments here:
"Happiness"
Full screen recommended.
Steve Cutts, "Happiness"
“All the money you make will never buy back your soul. ”
- Bob Dylan
"After 40+ Years, It’s Back"
"After 40+ Years, It’s Back"
by Brian Maher
"Here is a run of recent headlines: “Is the United States on the Verge of Stagflation?”… “It’s Looking More and More Like Stagflation”… “Stagflation Fears Come Back With a Vengeance”… “The U.S. Economy May Be Barrelling Toward Stagflation, an Outcome Worse Than Recession”… “JPMorgan’s Jamie Dimon Can’t Shake the Worry America Is Headed for a Repeat of 1970s-Style Stagflation.”
Examples multiply and multiply. Stagflation. The word is as ugly as it sounds - a ghastly portmanteau of stagnation and inflation. It conjures the grimmest days of the disco 1970s. Stagnant economic growth, skyshooting prices, gasoline lines and bell-bottomed trousers were the era’s high menaces. Dormant for decades, many considered stagflation permanently licked. Yet many have acquired its grisly scent… and detected its approaching footfall.
2024 is not 1979 of course. Unlike in the 1970s, official unemployment is low. Gasoline lines have no existence. Popular fashions - through God’s mercy - take far different form. Yet today we witness slackening economic growth and persistent inflation. They do not yet near the stagflationary rampages of the 1970s. The trend is nonetheless… worrisome.
It appears the United States economy is down with a wasting disease. Consider: The real gross domestic product — that is, the inflation-adjusted gross domestic product - expanded 38% between 1969 and 1980. This span stretches across the deepest hells of the stagflationary epoch. Yet between the years 2012 and 2023 the United States gross domestic product expanded a combined 27.6%. That is, in real terms - in real terms - the stagflationary 1970s economy outran the 2012–2023 economy.
Shall we place real economic growth alongside stock market growth? In real terms, the Dow Jones Industrial Average opened 1969 at roughly 6,500. It opened 1980 near 2,850. The S&P 500 plunged from 740 to 360 across the same space. For the stock market, the decade was well and truly lost.
Meantime, the Dow Jones Industrial Average returned 208.4% between 2012 and 2023. The S&P 500 returned 179.7%. That is, economy and stock market endured a divorce of sorts. The 1969–1980 economy excelled the 2012–2023 economy by some 11 percentage points. Yet the 2012–2023 stock market excelled the 1969–1980 stock market by miles and miles and miles.
Recall, both the Dow Jones Industrial Average and S&P 500 hemorrhaged over half their values 1969–1980. What accounts for it? In our estimation the answer is the Federal Reserve. It has assumed a parental and paternal responsibility for the stock market. It had not yet taken aboard this responsibility in the 1970s. Yet time equalizes as nothing else equalizes.
We suspect stock market and economy will meet once again on fair ground. We hazard stock market will fall to the economic level… before economy rises to the stock market level. When? We do not know. We merely hope the gods are kind."
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