Jeremiah Babe, 2/8/25
"Pure Evil: They're Going To Try To Take Your Home"
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So, we rise from the rubble...
Saturday, February 8, 2025
Dan, I Allegedly, "10 Million Are Late - Insider Tells All"
Full screen recommended.
Dan, I Allegedly, 2/8/25
"10 Million Are Late - Insider Tells All"
"The truth is out: over 10 million mortgages are delinquent, and banks aren’t telling you the full story. In this video, I’m breaking down the shocking numbers, the hidden details about FHA loans, reverse mortgages, and what this means for the housing market. With insider info straight from banking experts and foreclosure pros, we’ll explore how rising payments, economic strain, and private mortgages are creating a growing crisis. Spoiler alert: banks are no longer cutting breaks, and the repercussions could hit us all. We also touch on AI’s impact on industries, solar energy concerns, electric vehicles, and even a wild story about an AI-driven dating app based on your Spotify playlist! Stick around for all this and more—it’s a packed episode."
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Musical Interlude: Rudi en Corlea, "Hoor Jy My Stem"
Rudi en Corlea, "Hoor Jy My Stem"
Haunting song by South Africans Rudi Claase and Corlea Botha,
sung in Afrikaans with subtitles in English.
"A Look to the Heavens"
"Is our Milky Way Galaxy this thin? Magnificent spiral galaxy NGC 4565 is viewed edge-on from planet Earth. Also known as the Needle Galaxy for its narrow profile, bright NGC 4565 is a stop on many telescopic tours of the northern sky, in the faint but well-groomed constellation Coma Berenices. This sharp, colorful image reveals the spiral galaxy's boxy, bulging central core cut by obscuring dust lanes that lace NGC 4565's thin galactic plane.
An assortment of other background galaxies is included in the pretty field of view. Thought similar in shape to our own Milky Way Galaxy, NGC 4565 lies about 40 million light-years distant and spans some 100,000 light-years. Easily spotted with small telescopes, sky enthusiasts consider NGC 4565 to be a prominent celestial masterpiece Messier missed."
Chet Raymo, “Awww…”
“Awww…”
by Chet Raymo
“In one of his always delightful essays, Stephen Jay Gould traced the “evolution” of Mickey Mouse from the time of his creation by Disney, in 1928, to the mouse we know today. The early Mickey was a bit of a rascal – mischievous, occasionally cruel. And he looked more or less like a real adult mouse: small head in proportion to body, pointy nose compared to cranial vault, beady eyes, spindly legs. As time passed, Mickey’s personality softened and his appearance changed. Head and cranium became enlarged, eyes grew to half the size of the face, limbs got pudgier. Gould elucidated the evolutionary principle behind Mickey’s transformation: It is called neoteny, or progressive juvenilization.
Mickey became a national symbol, and Americans like their national symbols cute and cuddly. Mickey’s chronological age did not change, but he developed babyish features. To explain these perhaps unconscious developments on the part of Disney’s artists, Gould referred to the work of animal behaviorist Konrad Lorenz, who believed that juvenile facial and body features release “innate triggering mechanisms” for affection and nurturing in adult humans. The adaptive value of this response is obvious, since the nurturing of young is necessary for survival of the species. According to Lorenz, evolution has provided us with a caring response to juvenile features, a genetically-programmed reaction that apparently overflows onto other species. If Lorenz is right, teddy bears and Andy Pandas are beneficiaries of our innate nurturing response to big eyes, round craniums, and pudgy limbs. Mickey Mouse evolved juvenile features in response to our evolved preference for all things cute and cuddly.”
Free Download: Erich Fromm, "The Fear Of Freedom"
“Automaton Conformity”
by Erich Fromm
“In the mechanisms we have been discussing, the individual overcomes the feeling of insignificance in comparison with the overwhelming power of the world outside himself either by renouncing his individual integrity, or by destroying others so that the world ceases to be threatening. Other mechanisms of escape are the withdrawal from the world so completely that it loses its threat (the picture we find in certain psychotic states), and the inflation of oneself psychologically to such an extent that the world outside becomes small in comparison. Although these mechanisms of escape are important for individual psychology, they are only of minor relevance culturally. I shall not, therefore, discuss them further here, but instead will turn to another mechanism of escape which is of the greatest social significance.
This particular mechanism is the solution that the majority of normal individuals find in modern society. To put it briefly, the individual ceases to be himself; he adopts entirely the kind of personality offered to him by cultural patterns; and he therefore becomes exactly as all others are and as they expect him to be. The discrepancy between “I” and the world disappears and with it the conscious fear of aloneness and powerlessness. This mechanism can be compared with the protective coloring some animals assume. They look so similar to their surroundings that they are hardly distinguishable from them. The person who gives up his individual self and becomes an automaton, identical with millions of other automatons around him, need not feel alone and anxious any more. But the price he pays, however, is high; it is the loss of his self.”
- Erich Fromm, “The Fear of Freedom”
Freely download “The Fear of Freedom”, by Erich Fromm, here:
The Poet: Anne Sexton, “Courage”
“Courage”
“It is in the small things we see it.
The child’s first step,
as awesome as an earthquake.
The first time you rode a bike,
wallowing up the sidewalk.
The first spanking when your heart
went on a journey all alone.
When they called you crybaby
or poor or fatty or crazy
and made you into an alien,
you drank their acid
and concealed it.
Later,
if you faced the death of bombs and bullets
you did not do it with a banner,
you did it with only a hat to
cover your heart.
You did not fondle the weakness inside you
though it was there.
Your courage was a small coal
that you kept swallowing.
If your buddy saved you
and died himself in so doing,
then his courage was not courage,
it was love; love as simple as shaving soap.
Later,
if you have endured a great despair,
then you did it alone,
getting a transfusion from the fire,
picking the scabs off your heart,
then wringing it out like a sock.
Next, my kinsman, you powdered your sorrow,
you gave it a back rub
and then you covered it with a blanket
and after it had slept a while
it woke to the wings of the roses
and was transformed.
Later,
when you face old age and its natural conclusion
your courage will still be shown in the little ways,
each spring will be a sword you’ll sharpen,
those you love will live in a fever of love,
and you’ll bargain with the calendar
and at the last moment
when death opens the back door
you’ll put on your carpet slippers
and stride out.”
~ Anne Sexton
"The Most Damned Of All..."
“Damned is the soul that dies while the evil it committed lives on. And the most damned of all are those who see the evil coming for others and refuse to confront it. For it is not out of fear that heroes are born, but rather out of their selfless love that will not allow them safety bought from the torture, death, and degradation of others. It is better to die in defense of another than to live with the knowledge that you could have saved them but chose to do nothing. And to those who think that one person cannot make a difference, I say this… the deadliest tidal wave begins as an unseen ripple in a vast ocean. Live your life so that your integrity will motivate others to strive for excellence long after you’ve passed on, and know that no good deed or sacrifice, or offer of sincere friendship or love, is ever forgotten by the one who receives it.”
- Sherrilyn Kenyon
"Complexity Theory: the Avalanche and the Snowflake"
"Complexity Theory:
the Avalanche and the Snowflake"
by James Rickards
"One of my favorites is what I call ‘the avalanche and the snowflake’. It’s a metaphor for the way the science actually works, but I should be clear: it’s not just a metaphor. The science, the mathematics and the dynamics are actually the same as those that exist in financial markets.
Imagine you’re on a mountainside. You can see a snowpack building up on the ridgeline while it continues snowing. You can tell just by looking at the scene that there’s danger of an avalanche. It’s windswept… it’s unstable… and if you’re an expert, you know it’s going to collapse and kill skiers and wipe out the village below. You see a snowflake fall from the sky onto the snowpack. It disturbs a few other snowflakes that lie there. Then, the snow starts to spread… then it starts to slide… then it gains momentum until, finally, it comes loose and the whole mountain comes down and buries the village.
Question: What do you blame? Do you blame the snowflake, or do you blame the unstable pack of snow? I say the snowflake’s irrelevant. If it wasn’t the one snowflake that caused the avalanche, it could have been the one before, or the one after, or the one tomorrow. The instability of the system as a whole was the problem. So when I think about the risks in the financial system, I don’t focus on the ‘snowflake’ that will cause problems. The trigger doesn’t matter.
A snowflake that falls harmlessly – the vast majority of all snowflakes - technically fails to start a chain reaction. Once a chain reaction begins, it expands exponentially, can ‘go critical’ (as in an atomic bomb) and release enough energy to destroy a city. However, most neutrons do not start nuclear chain reactions, just as most snowflakes do not start avalanches.
In the end, it’s not about the snowflakes or neutrons. It’s about the initial critical state conditions that allow the possibiity of a chain reaction or an avalanche. These can be hypothesized and observed at large scale, but the exact moment the chain reaction begins cannot be observed. That’s because it happens on a minute scale relative to the system. This is why some people refer to these snowflakes as ‘black swans’, because they are unexpected and come by surprise. But they’re actually not a surprise if you understand the system’s dynamics and can estimate the system scale.
It’s a metaphor, but really the mathematics behind it are the same. Financial markets today are huge, unstable mountains of snow waiting to collapse. You see it in the gross notional value of derivatives. There is $700 trillion worth of swaps. ($2.5 Quadrillion by other reputable estimates. - CP) These are derivatives off balance sheet, hidden liabilities in the banking system of the world. These numbers are not made up. Just go to the IS annual report and it’s right there in the footnote.
Well, how do you put $700 trillion into perspective? It’s ten times global GDP. Take all the goods and services in the entire world for an entire year. That’s about $70 trillion when you add it all up. Well, take ten times that, and that’s how big the snow pile is. And that’s the avalanche that’s waiting to come down."
"A Time Is Coming..."
"If you're going to tell people the truth,
make them laugh, otherwise they'll kill you."
- Oscar Wilde
"Larry Wilkerson: Israel Faces Total Defeat As Trump Turns Against Netanyahu And Iran Gains Power"
Full screen recommended.
The Face Of War, 2/8/25
"Larry Wilkerson: Israel Faces Total Defeat As Trump
Turns Against Netanyahu And Iran Gains Power"
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Cold, hard, brutal truth...
"Google Is Firing 25,000 Workers as They Force Employees To Quit"
Full screen recommended.
Market Gains, 2/8/25
"Google Is Firing 25,000 Workers as
They Force Employees To Quit"
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Travelling With Russell, "I Went To a Brand New Russian Shopping Mall"
Meanwhile, in a sane, civilzed society...
Full screen recommended.
Travelling With Russell, 2/8/25
"I Went To a Brand New Russian Shopping Mall"
"Zoom Shopping Centre is the newest shopping mall in Moscow, Russia. What does a brand-new shopping mall in Russia look like in 2025? Join me on a tour, to see how sanctions affect Russian Shopping Malls in 2025."
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"Chastity In A Whorehouse..."
"People do not expect to find chastity in a whorehouse. Why, then, do they expect to find honesty and humanity in government, a congeries of institutions whose modus operandi consists of lying, cheating, stealing, and if need be, murdering those who resist?"
- H. L. Mencken
"All Earthly Empires Die"
"All Earthly Empires Die"
by Bill Bonner
"'Amor fati' was Nietzsche’s famous expression. It is a Latin phrase with connections to the Stoic writings of Epictetus and Marcus Aurelius. Literally translated, it means “love of fate.” It is a white shoe yearning for mud. It is a turkey looking forward to Thanksgiving. Or an investor stoically preparing for a bear market.
We use the term to describe the grace and courage you need to meet a complex, unknowable, and uncontrollable future. You don’t know whether the Earth is warming or cooling… whether it is good or bad… or whether you can do anything about it. You don’t know who’s doing “equal work.” You don’t know what equality is… how to measure it… or what to do about it. You don’t know who the bad guy is. It may even be you. It recognizes that we are all God’s fools, living in a world of ignorance, headed towards we don’t know where. Using our brains, we can make progress in our physical, material world. Technical thinking yields pyramids and Eiffel Towers.
Ignorance Everywhere: But there is another part of life, which has a mind of its own. It does not bend readily to our desires or yield to our intelligence. It is the part of life whose purposes are unknown. The first and most important Commandment, according to Jesus, was not to fight it, but to love it.
But ignorance can be a charm. You just have to take it seriously. And appreciate it. Recognizing your own ignorance will inform your newfound modesty. You will be aware of it. And fiercely proud. Nobody will be humbler than you are! And since you are so chummy with ignorance, you will see it everywhere – in every headline, every public announcement, every speech on the floor of the Senate… and every crackpot comment from every dummy voter in the empire.
In private affairs, you reduce uncertainty by getting as close to the subject as possible. That is, you avoid secondhand “news” and try to find out for yourself. The more you know about a company, for example, the more confident you can be about investing in it. That’s why the insiders always have the inside track, an advantage that is increased by the Securities and Exchange Commission’s phony “level playing field” propaganda. In public affairs – policy discussions, economics, politics – as you get closer, you become less cocksure. That is, the more you know, the more you know you don’t know.
In an interesting university study, people were asked to pick out Ukraine on a map… and whether they approved of military intervention in that country. Curiously, the further off they were on the geography (the average guess was 1,800 miles off), the more they favored forceful intervention. In public affairs, ignorance and confidence vary inversely.
Moral Certainty: When we first moved to Baltimore in the 1980s, we noticed this phenomenon in another context. Baltimore was a disaster. Crime, drugs, poverty, venereal disease, broken homes, unwed mothers, corruption – name a social problem; Baltimore had it. And while its leaders had been noticeably unable to solve any of these problems right in their own back yard, the city’s politically correct politicians were loud and clear on one issue: apartheid had to end… in South Africa. Had they ever visited South Africa? Could they find it on a map? Probably not. But they were sure they knew how to make it a better place.
“Moral certainty is always a sign of cultural inferiority,” wrote Baltimore’s own H.L. Mencken. “The more uncivilized the man, the surer he is that he knows precisely what is right and what is wrong. All human progress, even in morals, has been the work of men who have doubted the current moral values, not of men who have whooped them up and tried to enforce them. The truly civilized man is always skeptical and tolerant, in this field as in all others. His culture is based on ‘I am not too sure.’”
“I am not too sure,” would eliminate many of the world’s myth-driven, self-inflicted ills – pointless wars, dumb arguments, pogroms, persecutions, and lynchings. And reckless spending of other people’s money.
Imagine a wise Hitler entertaining the idea of building Auschwitz as a “final solution” to the “Jewish problem.” “Hmmm… I’m not too sure that would solve it… In fact, I’m not too sure there is a problem!”
Imagine Simon de Montfort readying to attack the town of Albi to exterminate the “heretics.” When told that half the people in the town were good Catholics, de Montfort replied: “Kill them all. God will recognize His own.” Suppose he had thought twice… “Hmmm… Maybe this is not such a good idea… Maybe killing people is not what Christianity is all about… Maybe the heretics aren’t so bad… Maybe I’ll take the afternoon off.”
Unwarranted Confidence: The barroom blowhard… so sure he is right about everything… is generally the dumbest guy in the place. And the most dangerous. He’s the one who will stir up a mob… and get himself elected president. The whole system of modern public policy is built on false knowledge and unwarranted confidence. The elite claims to know what is best for you. That is how every politician can claim his proposals would “benefit the American people.” But the only program that would benefit the American people would be to let them decide for themselves what would benefit them. Give them back their money. Stop bossing them around. End the wars. Stop the empire. But who would suggest such a thing?
A book that appeared in 2018, "Psychology of a Superpower: Security and Dominance in U.S. Foreign Policy", by political scientist Christopher Fettweis, argued that power really does corrupt, and that when a nation or an empire gets too much power, its elite develops new opinions.
Rather than seeing itself as one of many nations that must get along with each other, its elites begin to see that they have a special role to play. They become the one, “indispensable” nation, as former Secretary of State Madeleine Albright put it. They are the world’s only hope in combatting evil, which they do, as then Secretary of State Mike Pompeo elaborated, with “the righteous knowledge that our cause is just, special, and built upon America’s core principles.”
Thus endowed with a special mission and special powers, and subject to the special rules of the only nation with a trillion-dollar-per-year military/empire budget, the elite develop, in Fettweis’s judgment, a fatal combination of unrestrained hubris, unrealistic paranoia, and unrepentant ignorance. They see danger everywhere, without undertaking any serious study (they assume knowledge comes automatically with raw power). And they think they have not only the right, but the means, to do something about it, even if the danger is largely fantasy.
Damned to Hell: But people always come to think what they need to think when they need to think it. “All earthly empires die,” wrote St. Augustine in 413, a few years before the Vandals destroyed his city and finally brought down the Roman Empire in the West.
The elite contribute, by taking up the myths that help it die. Certainty and ignorance vary proportionally, both on the individual and on a national level. The surer a nation is of its myths… its exceptionalism… its manifest destiny… its policies… and its position at the right hand of God… the more it is damned to Hell."
"When That Day Comes..."
"If you had one last breath - what would you say? If you had one hour to use your limbs before you would lose the use of them forever - would you sit there on the coach? If you knew that you wouldn't see tomorrow who would you make amends with? If you knew you had only an hour left on this earth - what would be so pressing that you just had to do it, say it, or see it? Well there is something that I can guarantee - that one day you will have one day, one hour and one breath left. Just make sure that before that day that you have said, done and experienced everything that you dream of doing now. Do it now - that is what today is for. So pick up the phone and call an old friend that you have fallen out of touch with. Get out and run a mile and use your body and sweat. Seek out someone in your life to say you're sorry to. Seek someone In your life that you need to thank. Seek someone in your life that you need to express your feelings of love to. Then when that day comes you will be ok with it all."
- John A. Passaro
"If you were going to die soon and had only one phone call you could make,
who would you call and what would you say? And why are you waiting?"
~ Stephen Levine
"If, after I depart this vale, you ever remember me and have thought to
please my ghost, forgive some sinner and wink your eye at some homely girl."
- H. L. Mencken
"What Really Drives the World"
"What Really Drives the World"
by Brian Maher
"O, beware, my lord, of jealousy;
It is the green-eyed monster which doth mock
The meat it feeds on; that cuckold lives in bliss
Who, certain of his fate, loves not his wronger;
But, O, what damned minutes tells he o’er..."
Who dotes, yet doubts, suspects, yet strongly loves!"
- Iago speaks to Othello, William Shakespeare, "Othello
"The world in not driven by greed. It’s driven by envy.” Here is the sage conclusion of Mr. Charles Munger, aged 98 years. Mr. Munger is of course the partner of Warren Buffett and legendary vice chairman of Berkshire Hathaway. What human vice ranks fourth among the seven lethal sins? That is correct - envy. Today we evaluate the acid emotion of envy. We further document how envy can wreck a man’s wealth… as easily it can wreck his soul.
“Hate the Man Who Is Better off Than You Are”: “The whole gospel of Karl Marx can be summed up in a single sentence,” argued economics journalist Henry Hazlitt long ago: “Hate the man who is better off than you are.” Continued Hazlitt: "Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects - his laziness, incompetence, improvidence or stupidity."
The History Pages Are Filled With Hatred: “Hate the man who is better off than you are…” History is a detailed diary of this very hatred.
Jealousy: The average man is not jealous of the champion golfer who once shot 60… but the fellow duffer in his weekend foursome who once broke 80. He is not jealous of the Hollywood movie actor who hauls in the unparalleled and unattainable beauty. He is jealous instead of his acquaintance who hauls in the pretty-enough gal he himself set his cap for - the seven out of 10 gal. Is the average man jealous of a Jeff Bezos or Elon Musk with their billions and billions? He is not. Yet he is jealous of the insurance salesman down the street who takes in $10,000 more than himself.
The Sage of Baltimore - H.L. Mencken - once defined a wealthy man as “a fellow who earns $100 more than his wife’s sister’s husband.” Be assured, the wife’s sister… and her husband… feel that $100 keenly.
Envy Is Never Contented: Envy sees only what it lacks. Not what it has. Today’s average fellow lives royally compared with actual royalty of yesteryear. Next to them he wallows in a sort of oriental luxury. Yet the envious man of today does not rank himself against the royalty of yesterday. He ranks himself against the royalty of today, though it wears no crown on its head. Envy gives him a mighty itch he is forever scratching. It is never soothed.
The Never-ending Chase: That is why a man’s eye is forever glued to the next rung of the ladder… the prettier plum just out of reach… the grass on the other side of the fence that is greener. A poor man may tell himself he’d settle for the middle class. But once he finds himself lodged therein, discontentment soon bubbles within him. He lights out for the upper classes. If by grace he attains it, he at once takes notice of the floor above him. And he begins another merry chase up the ladder. There is always another.
Such is man. He focuses not on what he has… but on what he lacks. He is forever chasing rainbows.
It’s Not Always Negative: Here we do not criticize. We merely observe. And your editor, by his own admission, offers no exception. Be assured he has his sights on a thing - or three - beyond his outstretched grasp. Besides, it is this ceaseless striving that accounts for all material progress. A contented civilization does not erect skyscrapers, amass empires or rocket into space. Yet beware of envy’s tempting snares. They surround you on all sides - particularly in the forms of television and social media.The French Revolution. Russia’s Bolshevik Revolution. China’s Cultural Revolution. Perhaps even America’s unfolding cultural revolution of its own.
We cite but some examples. They all set out to fix wrongs. They mostly ended up wrecking rights. The right to life itself was often among them.
Jealousy Isn’t Envy: Yet let us distinguish jealousy from envy. The two are siblings - yet they are not twins. It is said a man is jealous of his betters. Yet it is only partly true. The average man harbors no jealousy for the great man. He is not jealous of the Alexanders… the Caesars… the Napoleons of this world. These are men stamped from a finer metal. And the average man inwardly acknowledges it is not his metal. The sparrow understands its place is not among the soaring eagles. No. The subject of the average man’s jealousy is his peer - the average man.
Envy Poisons Your Investment Decisions" Here you see various “stars” and “influencers” soaring on wings of leisure… rocketing from one good time to the next… enjoying the high life. They appear to have life by the snout. And it may arouse your envy.
Yet this very envy may poison your investments. Mr. Marcelo Perez of Alhambra Investments: "In a day and age where… keeping up with the Joneses (or the Kardashians, or the Windsors) is no longer a silent, Sisyphian struggle but a top-rated TV series or Netflix special, it is only natural for this poison to seep into the investing world…"
YouTube stars dole out “investment strategies” left and right, extolling the benefits of the newest and coolest moneymaking venture, as per views, of course. Message boards are full of posts containing stock and option trades that yielded percent returns in the hundreds and thousands, over the course of no more [than a] few days. Virtually riskless, they say…:And even if we are skeptical, we become befuddled with amazement, consumed by “Why not me?” We are driven by envy as much as we are by greed. We see that our neighbor is excelling, or so we think, so we change our own course, or regret that we didn’t take the plunge."
The Siren Call of Envy: You must instead resist envy’s siren cries. As Odysseus of old, you must chain yourself to the mainmast so that you cannot yield to the false temptations… and crash your vessel against the punishing rocks. As Mr Perez notes: Premier celebrities such as Matt Damon, Kim Kardashian and Tom Brady all promoted cryptocurrencies. Many followed because they yearned “to be covered in that heavenly glitter ourselves and open an account at FTX.”
Mr. Perez: "In investing (and in life), we need to stop constantly peering into the lives of others who appear to have what we want. We must try to avoid the siren song of high returns without taking risk into account. We must try to avoid the fool’s gold and the snake oil that cures all…" Avoiding envy, and its associated pitfalls, is one of the simple secrets to a successful investment portfolio, and life.
The Wisdom of the Ancients: Can you do it? It is not easy. The sirens are extremely enchanting. Yet maybe, perhaps on some distant tomorrow… men will learn to take ease in their own inn, however modest… and wherever they happen to find it. It seems they will find peace nowhere else. We all might recall the ancient Greek philosopher Heraclitus: “Our envy always lasts longer than the happiness of those we envy.”
"How It Really Is"
"It is common to assume that human progress affects everyone - that even the dullest man, in these bright days, knows more than any man of, say, the Eighteenth Century, and is far more civilized. This assumption is quite erroneous. The great masses of men, even in this inspired republic, are precisely where the mob was at the dawn of history. They are ignorant, they are dishonest, they are cowardly, they are ignoble. They know little if anything that is worth knowing, and there is not the slightest sign of a natural desire among them to increase their knowledge."
- H. L. Mencken, 1929
"Attack Rapidly, Ruthlessly, Viciously, Without Rest"
Washington, D.C. Housing
"Attack Rapidly, Ruthlessly, Viciously, Without Rest"
by Martin Armstrong
"Those in Washington have lived a privileged life. During the Mortgaged Backed Security Crisis, when real estate declined, it did not decline by much at all in Washington because the government is like a broken gun without a firing pin – it won’t work, and you can’t fire it. What is most interesting is that since Trump was elected, the median housing price in Washington, DC, has already fallen from about $700,000 to $600,000. This is independent evidence that DOGE is expected to clean the house.
What is taking place reminds me of General Patton, who my father was with from North Africa to Berlin. I grew up with my father, often referring to General Patton, and he explained the strategy. It appears that someone who has advised Trump perhaps had similar knowledge of Patton. What I grew up being told was that achievers have a decided purpose in life, and their goals are driven by determination. My father use to quote Patton to me. One of his favorites was: “Fear kills more people than death.”
I have long suspected that USAID was behind my case, funding the attempted regime change in Russia for the 2000 election. I believe the bankers were lured in with the dream of all the resources of Russia going through the NY trading desks. I believe they were perhaps even funding the scheme to blackmail Yeltsin, and they hate Putin because Yeltsin defeated their regime change, installing Berezovsky by turning to Putin and saying his last words: “Protect Russia.”
I was shown skids of $100 bills being shipped weekly to Russia to fund the takeover of the country. I was told to invest $10 billion in this operation using Hermitage Capital Management, which Edmond Safra partly owned. NY Magazine did a whole story on it, calling it the Money Plane. I was told they had the government and the IMF in their back pocket.
Edmon Safra of Republic National Bank put on a fancy dinner for the IMF. I was invited and it was all about trying to convince me that they had the IMF in their pocket and that would rescue the day. The pitch was Russia had all these nukes, so there was no way the IMF would allow Russia to collapse/default on its debt. This created a serious yet tricky situation for the Russian government. What was going on was that Russia had been running a huge budget deficit to pay for public services. They had borrowed $40 billion by issuing three-month ruble Treasury bills known as GKOs.
This is what the “club” was buying for they were paying 30% interest to attract buyers. Were they bribing the IMF to prevent a default? Or was this all a regime change being run covertly through this USAID slush fund? All the hedge funds and bankers were all on this trade, expecting free money. I refused to join and warned them that my computer projected this would collapse. They did not want to hear that. They were CONVINCED the fix was in which created that perfect GUARANTEED TRADE.
The Russian financial crisis hit Russia on the 17th of August 1998. Our World Economic Conference was held in London that June. Our forecast was then published by the London Financial Times on the front page of the second section.
They did not give up. After they got the Federal Reserve to bail them out, they then focused on setting up Yeltsin and got him to divert $7 billion in IMF loans. Even CNN reported the money was stolen from the IMF. CNN Theft of IMF Money – Sep. 1, 1999
Edmond Safra’s Republic National Bank ran to the Department of Justice and reported that a $7 billion money laundering scheme had just gone through the Bank of New York. They attempted to blackmail Yeltsin to step down and appoint their guy Boris Berezovsky; Yeltsin then turned to Putin. It was the US bankers, with the support of the Deep State, who first tried to interfere in Russian elections. This is why Putin was not friendly to Hilary Clinton and said Russiagate Special Prosecutor Mueller could come to question anyone in Russia he liked, provided Russia could question Americans, including Bill Browder, who was Safra’s partner in Hermitage Capital.
When I was solicited to join this regime change, adding $10 billion with the promise I would make $100 billion, I warned that my computer said they would fail and that Russia’s debt market would collapse. When the London Financial Times on June 27th, 1998, put on the front page of Section 2 our forecast for the collapse of Russia when it did in September, I was blamed for that, and on the one side, we have the CIA wanted that model that could forecast the collapse of empires, nations, and city-states, the saw it as a national security issue.
Of course, since all the big players were on the same trade when the market collapsed, there was NO BID, and they were forced to start selling everything else to raise cash to cover their losses in Russia. This became a significant liquidity crisis as investments worldwide crashed because they needed money to cover losses in Russia. This led to great confusion since local markets collapsed on no domestic news.
With USAID sending tens of millions to Chelsey Clinton, Wuhan Lab, and countless journalists to create fake news, I am waiting with bated breath to see how deep the USAID connections are tied to the NY bankers and this scheme to create regime change in Russia."
Adventures With Danno, "Massive Price Changes at Sam's Club"
Full screen recommended.
Adventures With Danno, 2/8/25
"Massive Price Changes at Sam's Club"
Comments here:
"And Then the World Blew Up: The Empire Self-Destructs"
"And Then the World Blew Up:
The Empire Self-Destructs"
We share the pathologies of all dying empires with their mixture of buffoonery,
rampant corruption, military fiascos, economic collapse and savage state repression.
by Mr. Fish
"The billionaires, Christian fascists, grifters, psychopaths, imbeciles, narcissists and deviants who have seized control of Congress, the White House and the courts, are cannibalizing the machinery of state. These self-inflicted wounds, characteristic of all late empires, will cripple and destroy the tentacles of power. And then, like a house of cards, the empire will collapse.
Blinded by hubris, unable to fathom the empire’s diminishing power, the mandarins in the Trump administration have retreated into a fantasy world where hard and unpleasant facts no longer intrude. They sputter incoherent absurdities while they usurp the Constitution and replace diplomacy, multilateralism and politics with threats and loyalty oaths. Agencies and departments, created and funded by acts of Congress, are going up in smoke.
They are removing government reports and data on climate change and withdrawing from the Paris Climate Agreement,. They are pulling out of the World Health Organization. They are sanctioning officials who work at the International Criminal Court — which issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant over war crimes in Gaza. They suggested Canada become the 51st state. They have formed a task force to “eradicate anti-Christian bias.” They call for the annexation of Greenland and the seizure of the Panama Canal. They propose the construction of luxury resorts on the coast of a depopulated Gaza under U.S. control which, if it takes place, would bring down the Arab regimes propped up by the U.S.
The rulers of all late empires, including the Roman emperors Caligula and Nero or Charles I, the last Habsburg ruler, are as incoherent as the Mad Hatter, uttering nonsensical remarks, posing unanswerable riddles and reciting word salads of inanities. They, like Donald Trump, are a reflection of the moral, intellectual and physical rot that plague a diseased society.
I spent two years researching and writing about the warped ideologues of those who have now seized power in my book “American Fascists: The Christian Right and the War on America.” Read it while you still can. Seriously.
These Christian fascists, who define the core ideology of the Trump administration, are unapologetic about their hatred for pluralistic, secular democracies. They seek, as they exhaustively detail in numerous “Christian” books and documents such as the Heritage Foundation’s Project 2025, to deform the judiciary and legislative branches of government, along with the media and academia, into appendages to a “Christianized” state led by a divinely anointed leader. They openly admire Nazi apologists such as Rousas John Rushdoony, a supporter of eugenics who argues that education and social welfare should be handed over to the churches and Biblical law must replace the secular legal code, and Nazi party theorists such as Carl Schmitt. They are avowed racists, misogynists and homophobes. They embrace bizarre conspiracy theories from the white replacement theory to a shadowy monster they call “the woke.” Suffice it to say, they are not grounded in a reality based universe.
Christian fascists come out of a theocratic sect called Dominionism. This sect teaches that American Christians have been mandated to make America a Christian state and an agent of God. Political and intellectual opponents of this militant Biblicalism are condemned as agents of Satan.
“Under Christian dominion, America will no longer be a sinful and fallen nation but one in which the 10 Commandments form the basis of our legal system, creationism and ‘Christian values’ form the basis of our educational system, and the media and the government proclaim the Good News to one and all,” I noted in my book. “Labor unions, civil-rights laws and public schools will be abolished. Women will be removed from the workforce to stay at home, and all those deemed insufficiently Christian will be denied citizenship. Aside from its proselytizing mandate, the federal government will be reduced to the protection of property rights and ‘homeland’ security.”
The Christian fascists and their billionaire funders, I noted, “speak in terms and phrases that are familiar and comforting to most Americans, but they no longer use words to mean what they meant in the past.” They commit logocide, killing old definitions and replacing them with new ones. Words — including truth, wisdom, death, liberty, life and love — are deconstructed and assigned diametrically opposed meanings. Life and death, for example, mean life in Christ or death to Christ, a signal of belief of unbelief. Wisdom refers to the level of commitment and obedience to the doctrine. Liberty is not about freedom, but the liberty that comes from following Jesus Christ and being liberated from the dictates of secularism. Love is twisted to mean an unquestioned obedience to those, such as Trump, who claim to speak and act for God.
As the death spiral accelerates, phantom enemies, domestic and foreign, will be blamed for the demise, persecuted and slated for obliteration. Once the wreckage is complete, ensuring the immiseration of the citizenry, a breakdown in public services and engendering an inchoate rage, only the blunt instrument of state violence will remain. A lot of people will suffer, especially as the climate crisis inflicts with greater and greater intensity its lethal retribution.
The near-collapse of our constitutional system of checks and balances took place long before the arrival of Trump. Trump’s return to power represents the death rattle of the Pax Americana. The day is not far off when, like the Roman Senate in 27 BC, Congress will take its last significant vote and surrender power to a dictator. The Democratic Party, whose strategy seems to be to do nothing and hope Trump implodes, have already acquiesced to the inevitable.
The question is not whether we go down, but how many millions of innocents we will take with us. Given the industrial violence our empire wields, it could be a lot, especially if those in charge decide to reach for the nukes.
The dismantling of the U.S. Agency for International Development (USAID) — Elon Musk claims is run by “a viper’s nest of radical-left marxists who hate America” — is an example of how these arsonists are clueless about how empires function.
Foreign aid is not benevolent. It is weaponized to maintain primacy over the United Nations and remove governments the empire deems hostile. Those nations in the U.N. and other multilateral organizations who vote the way the empire demands, who surrender their sovereignty to global corporations and the U.S. military, receive assistance. Those who don’t do not.
When the U.S. offered to build the airport in Haiti’s capital Port-au-Prince, investigative journalist Matt Kennard reports, it required that Haiti oppose Cuba’s admittance into the Organization of American States, which it did.
Foreign aid builds infrastructure projects so corporations can operate global sweatshops and extract resources. It funds “democracy promotion” and “judicial reform” that thwart the aspirations of political leaders and governments that seek to remain independent from the grip of the empire.
USAID, for example, paid for a “political party reform project” that was designed “as a counterweight” to the “radical” Movement Toward Socialism (Movimiento al Socialismo) and sought to prevent socialists like Evo Morales from being elected in Bolivia. It then funded organizations and initiatives, including training programs so Bolivian youth could be taught the American business practices, once Morales assumed the presidency, to weaken his hold on power.
Kennard in his book, “The Racket: A Rogue Reporter vs The American Empire,” documents how U.S. institutions such as the National Endowment for Democracy, the World Bank, the International Monetary Fund, the Inter-American Development Bank, USAID and the Drug Enforcement Administration, work in tandem with the Pentagon and Central Intelligence Agency to subjugate and oppress the Global South.
Client states that receive aid must break unions, impose austerity measures, keep wages low and maintain puppet governments. The heavily funded aid programs, designed to bring down Morales, eventually led the Bolivian president to throw USAID out of the country.
The lie peddled to the public is that this aid benefits both the needy overseas and us at home. But the inequality these programs facilitate abroad replicates the inequality imposed domestically. The wealth extracted from the Global South is not equitably distributed. It ends up in the hands of the billionaire class, often stashed in overseas bank accounts to avoid taxation.
Our tax dollars, meanwhile, disproportionately funds the military, which is the iron fist that sustains the system of exploitation. The 30 million Americans who were victims of mass layoffs and deindustrialization lost their jobs to workers in sweatshops overseas. As Kennard notes, both home and abroad, it is a vast “transfer of wealth from the poor to the rich globally and domestically.”
“The same people that devise the myths about what we do abroad have also built up a similar ideological system that legitimizes theft at home; theft from the poorest, by the richest,” he writes. “The poor and working people of Harlem have more in common with the poor and working people of Haiti than they do with their elites, but this has to be obscured for the racket to work.”
Foreign aid maintains sweatshops or “special economic zones” in countries such as Haiti, where workers toil for pennies an hour and often in unsafe conditions for global corporations. “One of the facets of special economic zones, and one of the incentives for corporations in the U.S., is that special economic zones have even less regulations than the national state on how you can treat labor and taxes and customs,” Kennard told me in an interview. “You open these sweatshops in the special economic zones. You pay the workers a pittance. You get all the resources out without having to pay customs or tax. The state in Mexico or Haiti or wherever it is, where they're offshoring this production, doesn't benefit at all. That’s by design. The coffers of the state are always the ones that never get increased. It’s the corporations that benefit.”
These same U.S. institutions and mechanisms of control, Kennard writes in his book, were employed to sabotage the electoral campaign of Jeremy Corbyn, a fierce critic of the U.S. empire, for prime minister in Britain.
The U.S. disbursed nearly $72 billion in foreign aid in fiscal year 2023. It funded clean water initiatives, HIV/Aids treatments, energy security and anti-corruption work. In 2024, it provided 42 percent of all humanitarian aid tracked by the United Nations.
Humanitarian aid, often described as “soft power,” is designed to mask the theft of resources in the Global South by U.S. corporations, the expansion of the footprint of the U.S. military, the rigid control of foreign governments, the devastation caused by fossil fuel extraction, the systemic abuse of workers in global sweatshops and the poisoning of child laborers in places like the Congo, where they are used to mine lithium.
I doubt Musk and his army of young minions in the Department of Government Efficiency (DOGE) — which isn’t an official department within the federal government — have any idea about how the organizations they are destroying work, why they exist or what it will mean for the demise of American power.
The seizure of government personnel records and classified material, the effort to terminate hundreds of millions of dollars worth of government contracts — mostly those which relate to Diversity, Equity and Inclusion (DEI), the offers of buyouts to “drain the swamp” including a buyout offer to the entire workforce of the Central Intelligence Agency — now temporarily blocked by a judge — the firing of 17 or 18 inspectors generals and federal prosecutors, the halting of government funding and grants, sees them cannibalize the leviathan they worship.
They plan to dismantle the Environmental Protection Agency, the Department of Education and the U.S. Postal Service, part of the internal machinery of the empire. The more dysfunctional the state becomes, the more it creates a business opportunity for predatory corporations and private equity firms. These billionaires will make a fortune “harvesting” the remains of the empire. But they are ultimately slaying the beast that created American wealth and power.
Once the dollar is no longer the world’s reserve currency, something the dismantling of the empire guarantees, the U.S. will be unable to pay for its huge deficits by selling Treasury bonds. The American economy will fall into a devastating depression. This will trigger a breakdown of civil society, soaring prices, especially for imported products, stagnant wages and high unemployment rates. The funding of at least 750 overseas military bases and our bloated military will become impossible to sustain. The empire will instantly contract. It will become a shadow of itself. Hypernationalism, fueled by an inchoate rage and widespread despair, will morph into a hate-filled American fascism.
“The demise of the United States as the preeminent global power could come far more quickly than anyone imagines,” the historian Alfred W. McCoy writes in his book “In the Shadows of the American Century: The Rise and Decline of US Global Power”:
Despite the aura of omnipotence empires often project, most are surprisingly fragile, lacking the inherent strength of even a modest nation-state. Indeed, a glance at their history should remind us that the greatest of them are susceptible to collapse from diverse causes, with fiscal pressures usually a prime factor. For the better part of two centuries, the security and prosperity of the homeland has been the main objective for most stable states, making foreign or imperial adventures an expendable option, usually allocated no more than 5 percent of the domestic budget. Without the financing that arises almost organically inside a sovereign nation, empires are famously predatory in their relentless hunt for plunder or profit — witness the Atlantic slave trade, Belgium’s rubber lust in the Congo, British India’s opium commerce, the Third Reich’s rape of Europe, or the Soviet exploitation of Eastern Europe.
When revenues shrink or collapse, McCoy points out, “empires become brittle.“ So delicate is their ecology of power that, when things start to go truly wrong, empires regularly unravel with unholy speed: just a year for Portugal, two years for the Soviet Union, eight years for France, eleven years for the Ottomans, seventeen for Great Britain, and, in all likelihood, just twenty-seven years for the United States, counting from the crucial year 2003 [when the U.S. invaded Iraq],” he writes.
The array of tools used for global dominance — wholesale surveillance, the evisceration of civil liberties including due process, torture, militarized police, the massive prison system, militarized drones and satellites — will be employed against a restive and enraged population. The devouring of the carcass of the empire to feed the outsized greed and egos of these scavengers presages a new dark age."
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