So, we rise from the rubble...
Friday, September 1, 2023
Jim Kunstler, "Happenings Await"
"Happenings Await"
By Jim Kunstler
“Even Americans who have no particular interest in freedom and
independence in democracies worldwide, should be satisfied that
we’re getting our money’s worth on our Ukraine investment.”
- Sen. Richard Blumenthal
"The Labor Day weekend looms like a gateway into an autumn hell-scape of political psychodrama, so enjoy those last clam rolls of the season before the zeitgeist darkens and events pound the shore like so many waves of hurricane surf. Further inland, where the Swamp lies, unseen hands work overtime to falsify reality in a leaderless nation. Everybody feels the unbearable tension of things as yet unhappened.
“Joe Biden” has LARPed his way to the final act of his performance. The evidence of his high crimes, and the covering-up of those high crimes by our lawless law officialdom, is piled high enough to eject him into the swales of infamy. We know exactly how the Ukraine grift went down — the documentation is stark and florid - as is the rest of family’s bribery operations in other lands not necessarily friendly to our own land. So, add treason to bribery and there you have the complete kit of perfidious treachery against the nation.
“Joe Biden” will be removed most likely by his own party before an impeachment inquiry can be launched in Congress. Not even The New York Times and CNN would able to ignore the horrific spectacle and the party’s own minions might be shamed into learning how they were hosed for so many years. The unseen hands that jammed “JB” into the White House can then figure out what to do about the hapless Kamala Harris while Congress turns its attention to impeaching Merrick Garland, Christopher Wray, Alejandro Mayorkas, and Xavier Bacerra. At least that’s how it might work if the USA was a sane polity.
Otherwise, the people of this land will have to choose between being rolled-over by a globalist coup or find other routes of resistance. One would be for the governors of several so-called Red states to end mail-in voting, get rid of computerized ballot-counting machines, bring back paper ballots, and declare that all voting and hand ballot-counting take place on one election day. Don’t believe those who say it can’t be done. If it’s not done, we’ll never see anything close to an un-rigged election in this country ever again.
In what might be one of his last official acts, “Joe Biden” announced last week that Americans would be “encouraged” to get a new-and-improved mRNA vaccine booster against the new Covid virus strain EG.5 “Eris” (named after the Greek goddess of strife and discord). The “president,” said he asked Congress for funding “for a new vaccine that is necessary, that works…. It will likely be recommended that everybody get it no matter whether they’ve gotten it before or not.”
Say, what…? Did the earlier vaccines not work, Joe? Most assuredly they did not. The shots injured, disabled, and killed a great many people, and it staggers the rational mind that the CDC is still pushing these shots. You might conclude that they’re pretending this didn’t happen to evade responsibility. After all, what would be the consequences if these officials admitted that all the previous Covid vaccines were ineffective and harmful? And what would be the reaction of the 81.3 percent of the population who got at least one dose of the previous vaccines and the 65.6 percent who are “fully vaccinated” with two or more shots? (Note, statistics from the CDC.)
I’ll tell you what would happen: the CDC officials and a great many other persons on the public payroll would be in court on criminal charges. And doctors and hospitals would be subject to so many lawsuits they would never again have time to actually practice medicine, while millions of people with damaged immune systems and wrecked organs take flight like so many black swans flapping into the setting sun of their own prematurely attenuated lives. If you care to be astounded, listen to this talk that Dr. Peter McCullough gave to an audience in New Hampshire a few days ago, calling out all the principals who devised the Covid-19 fiasco by name: Ralph Baric, Anthony Fauci, Peter Daszek, and Francis Collins, and then describing exactly how the dastardly act and the cover-up went down.
Speaking of happenings this autumn, expect the war in Ukraine to come to an end. The news media might omit to inform you about this, but it awaits. Russia will not trumpet its victory, so as to avoid inflaming America’s crazed neo-cons. Rather it will just quietly take charge of its successfully neutralized neighbor, make provision for some sort of administration over what remains of the rump state - in a way that affords Russia a sense of permanent security - at the same time that Russia commences new negotiations separately with several European nations to reestablish realistic relations.
The US will be delicately hung out to dry on this. Short of resorting to nuclear World War Three, there is nothing the US can do about it - except for the Democratic Party to blame the whole sorry thing on “Joe Biden” as he is forced to resign from office pending that aforesaid impeachment threat. No other explanation for the end of our Ukraine project will be required. The party of chaos will flounder a while in the very chaos that it induced, trying laughably to switch out Kamala Harris for Gavin Newsom - or some other ploy to stay in business. But the party will be so badly damaged by then that it will have no other option except to let Robert F. Kennedy, Jr., in to drive out the remaining demons and save the venerable old org from suicide.
If you think that these various momentous happenings won’t affect the financial markets and the banking system in the coming season, prepare to be amazed. This is how America truly gets to feel the pain, and this might be how the pitchforks finally come out for the people who wrecked our country."
"Gregory Mannarino, AM/PM 9/1/23"
Gregory Mannarino, AM 9/1/23
"Alert! Expect War Between The US And
The BRICS Much Sooner Than Later, Here's Why"
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Gregory Mannarino, PM 9/1/23
"Fake Job Report Numbers Cut In Half!
Economic Nightmare Unfolding Even Faster!"
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Dan, I Allegedly 9/1/23, "This Is Coming In Hot! Inflation"
Full screen recommended.
Dan, I Allegedly 9/1/23
"This Is Coming In Hot! Inflation"
We are seeing inflation for services at the highest rate since 1985.
Month over month. Inflation is not going down it’s climbing.
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"Adventures With Danno, 9/1/23"
Full screen recommended.
Adventures With Danno, 9/1/23
"Aldi Super Deals Everyone Should Be Buying!"
In today's vlog, we are at Aldi and are finding all kinds of their Aldi Saver Deals! As grocery prices continue to rise in most of our main supermarkets, Aldi has put together some pretty amazing sales that we should definitely take advantage of! We show you all of the savings, so get your notepad ready!
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Thursday, August 31, 2023
Canadian Prepper, "Get Ready For What's About To Happen..."
Canadian Prepper, 8/31/23
"Get Ready For What's About To Happen..."
The pace of escalation is incredible, the system is collapsing.
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"Ukraine - Russia War Update 8/31/23"
London Real, 8/31/23
"Into The Abyss: Col. Douglas Macgregor
Tells Us Why The Ukraine War Must End Now"
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Stephen Gardner, 8/31/23
"Col. Macgregor: ‘Ukraine Is Being Annihilated'"
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400,000 dead Ukrainian soldiers...
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Redacted, 8/31/23
'Captured Ukrainian Soldiers Speak Out,
Forced to Take Drugs To Fight"
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"How Long Can The Consumer Last? Poor Americans Starve"
Jeremiah Babe, 8/31/23
"How Long Can The Consumer Last?
Poor Americans Starve"
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Gerald Celente, "Plantation Workers Of Slavelandia: Happy Labor Day!"
Very strong language alert!
Gerald Celente, Trends Journal 8/31/23
"Plantation Workers Of Slavelandia: Happy Labor Day!"
In today's broadcast, Gerald Celente, calls out the dinosaurs running the show. Mitch McConnell, Diane not-so-Feinstein and the rest of them. The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over fear and propaganda to help subscribers prepare for What’s Next in these increasingly turbulent times.
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Oh, Gerald's in fine form today... lol
"Supply Chain Crisis Threatens To Spark Thousands Of Empty Shelves At Retail Stores This Fall"
Full screen recommended.
"Supply Chain Crisis Threatens To Spark Thousands
Of Empty Shelves At Retail Stores This Fall"
by Epic Economist
"The supply chain crisis should be gone by now. But instead, businesses are having trouble sourcing products and consumers are seeing more empty shelves right as we approach the all-important holiday shopping season. Fresh data released by software provider Retail Insight reveals that more than four-fifths, or about 82%, of shoppers say they have struggled with items being ‘out of stock’ at brick-and-mortar stores this year. Researchers note that this marks an increase of 11 percentage points compared to the same time a year ago, and say supply chain disruptions are threatening customer loyalty and seriously hurting businesses’ bottom lines.
Meanwhile, the research also exposed that U.S. companies are pointing to an array of supply chain problems in the third quarter. About three in five, or 57%, cited the increased cost of food production as one of the main reasons for empty shelves, while a further 56% pointed to rising operational costs, including manufacturing, energy, labor, and transportation, as the biggest factors impacting stock availability.
Product shortages were found to pose a greater threat to grocery stores. The data highlights that more than a quarter, or 27%, of shoppers said they would question their loyalty to a grocer if out-of-stocks became a regular occurrence.
To make things even more complicated, the U.S. trucking industry is now in dire straits. Since global shipping peaked during the pandemic, the transportation sector has been facing a protracted slump. Many trucking companies have gone out of business since the last year, a phenomenon the Federal Reserve is calling “freight recession”. In the past year alone, the downturn in the freight market has affected financial companies with exposure to the industry and resulted in losses to the tune of $780 million.
Every freight recession pushes already teetering trucking companies to the brink of bankruptcy, and this time, it wasn’t any different. The biggest collapse so far this year led to the liquidation of truckload carrier Yellow, the largest trucking company to ever file for bankruptcy. In July, the shutdown of the Yellow Corporation led to one of the largest mass layoffs in recent history, and Rachel Premack, from FreightWaves, says that the job cuts left the market with 22,000 fewer truck drivers right ahead of the peak shopping season, which is expected to result in shipping cost increases. As a consequence of Yellow’s bankruptcy and closure, it's likely that the average rate for customers in the less-than-truckload space will jump by up to 50%, and those increased costs are predicted to be passed down to consumers.
For their part, U.S. consumers are starting to freak out. A new CNBC and Morning Consult survey just reported that virtually all Americans are cutting back on their spending in some way right now. Over the last six months, increased costs have caused 80% of consumers to cut spending on nonessential goods, like entertainment, home decor, clothing, appliances, and more. Concerningly, two-thirds of respondents reported spending less on essential items, like groceries, utilities, and gas.
No matter how hard we work, and what official inflation numbers say, our buying power isn’t keeping pace with the price increases we’re facing on a constant basis. Unfortunately, the latest supply chain disruptions will only aggravate matters in the next few months. If you haven’t started to prepare for the shortages a price hikes yet, we advise you to do so while you can, because nearly every aspect of life is going to be far more expensive in the year ahead."
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Dan, I Allegedly, "You Can’t Afford This"
Full screen recommended.
Dan, I Allegedly PM 8/31/23
"You Can’t Afford This"
People are starting to get the renewals for their auto insurance. Prices are skyrocketing. People are also getting their homeowners insurance and it is going through the roof. Some people have to go to different platforms in their state just to get coverage.
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Musical Interlude: "Beautiful Relaxing Music - Calming Piano & Guitar Music"
Full screen recommended.
Soothing Relaxation,
"Beautiful Relaxing Music - Calming Piano & Guitar Music"
"Beautiful relaxing music by Soothing Relaxation. Enjoy calming piano and guitar music composed by Peder B. Helland, set to stunning nature videos."
"I Cannot Believe..."
"I cannot believe that the purpose of life is to be “happy.” I think the purpose of life is to be useful, to be responsible, to be compassionate. It is, above all, to matter and to count, to stand for something, to have made some difference that you lived at all.”
- Leo C. Rosten
The Poet: Rainer Maria Rilke, "Book of Hours II, 16"
"Book of Hours II, 16"
"How surely gravity's law,
strong as an ocean current,
takes hold of even the strongest thing
and pulls it toward the heart of the world.
Each thing-
each stone, blossom, child-
is held in place.
Only we, in our arrogance,
push out beyond what we belong to
for some empty freedom.
If we surrendered
to earth's intelligence
we could rise up rooted, like trees.
Instead we entangle ourselves
in knots of our own making
and struggle, lonely and confused.
So, like children, we begin again
to learn from the things,
because they are in God's heart;
they have never left him.
This is what the things can teach us:
to fall,
patiently to trust our heaviness.
Even a bird has to do that
before he can fly."
~ Rainer Maria Rilke
"For Nothing Is Fixed..."
"For nothing is fixed, forever and forever and forever, it is not fixed; the earth is always shifting, the light is always changing, the sea does not cease to grind down rock. Generations do not cease to be born, and we are responsible to them because we are the only witnesses they have. The sea rises, the light fails, lovers cling to each other, and children cling to us. The moment we cease to hold each other, the sea engulfs us and the light goes out."
- James Baldwin
"I Can Feel It in My Bones…" (Excerpt)
"I Can Feel It in My Bones…"
By Dennis Miller
Excerpt: "This is one of the most difficult articles I’ve ever written. It’s from the heart, and I’m worried. Premonition is defined as, A strong feeling that something (generally unpleasant) is about to happen, “He had a premonition of imminent disaster.” If an intuitive, imminent, gut-wrenching premonition (fear) grips your mind and body comes true, you will never forget it.
I was 23 when John Kennedy was assassinated. I was upset, couldn’t sleep and visibly shaken. Suspect Lee Harvey Oswald was being transferred to a different jail. The minute the live news came on, my stomach got tight, I felt it in my bones, real fear; something awful was about to happen. Oswald appeared in handcuffs. I shouted, “NOOOO!” Within seconds all hell broke loose, Jack Ruby jumped into the picture and shot him. I saw the picture play out before my eyes, powerless to do anything about it. I feel those fears whenever I think about it.
While the government explanation seemed reasonable, 60 years later they still keep much of the information from the public, citing “security reasons.” So much for transparency and trust in the government… I don’t trust any of them, regardless of their political affiliation!
Today’s concern: Chuck Butler recently told us: “Congress must stop deficit spending; just STOP! A Balanced Budget would do wonders for this mess we’re in, not just today, a responsible Balanced Budget from now till the end of time! That means adult, hard choices; what real leaders do. Dennis, our elected representatives need to be working together. I’ve never seen our government so polarized….”
This week’s reading stack rattled me. Bill Bonner tells us: "The federales have lost their minds. The Trump Team went bonkers…with a deficit of $4.2 trillion in 2020…then the Biden Bunch followed up with another $1.4 trillion deficit in 2021. It’s still ‘inflate or die.’ The federal government is running the biggest budget deficits in history. The US government has been throwing the biggest shindig in history – spending about $130 billion per week – or nearly 14% more than the year before…and 40% more than before the Covid era blowout. Government spending is headed toward 39% of the US economy. Not since WWII has so much of US output been squandered by the government.”
Full, most highly recommended article is here:
"I See No Reason..."
"Human beings never think for themselves, they find it too uncomfortable. For the most part, members of our species simply repeat what they are told- and become upset if they are exposed to any different view. The characteristic human trait is not awareness but conformity, and the characteristic result is religious warfare. Other animals fight for territory or food; but, uniquely in the animal kingdom, human beings fight for their 'beliefs.' The reason is that beliefs guide behavior, which has evolutionary importance among human beings. But at a time when our behavior may well lead us to extinction, I see no reason to assume we have any awareness at all. We are stubborn, self-destructive conformists. Any other view of our species is just a self-congratulatory delusion."
- Michael Crichton, "The Lost World"
"How It Really Is"
"What caused the deaths of all these innocent people?" You did, we all did, by supporting this horror with at least $150 billion while our own country is going straight to hell. 400,000 dead Ukrainian soldiers, 30,000 dead Russians, in something that was absolutely none of our business. Are you proud, Good Citizen?
"Judge Napolitano - Judging Freedom, 8/31/23"
Judge Napolitano - Judging Freedom, 8/31/23
"U.S. Seeking Perpetual War in Ukraine?
w/ Alastair Crooke fmr Brit Ambassador"
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Judge Napolitano - Judging Freedom, 8/31/23
"Putin's Necessary Paranoia"
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Judge Napolitano - Judging Freedom, 8/31/23
"America Holds the Keys to Peace in Ukraine?
w/Scott Horton News.AntiWar.com"
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"The Daily Missive: 'Outboard Motors & Broken Pipes'"
"Outboard Motors & Broken Pipes"
by Addison Wiggin
“People who bite the hand that feeds them
usually lick the boot that kicks them.”
- Eric Hoffer
"Last night, by lamp light, we took a breather from thinking about the stock market, Fed policy, Chinese growth domestic product, and the proxy war in the Ukraine to revisit one of America’s working-class thinkers. We were reading '12 Angry Men,' the great hardboiled legal drama that inspired the 1957 film starring Henry Fonda. When something else grabbed our attention. The daring playwright David Mamet wrote the Preface to our copy of '12 Angry Men.' In his opening ruminations, Mamet referenced Eric Hoffer.
“Our greatest American Philosopher, to my mind, was Eric Hoffer,” Mamet writes. “He was an immigrant kid. He never spent a day in school. He roamed the country during the Depression as a hobo and migrant worker.” We took the inch and ran the mile. We followed Mamet’s line of thought, putting down '12 Angry Men' for a more worn copy of Hoffer’s 'True Believer.'
Hoffer wrote for people who didn’t have schooling. He doesn’t reference his thoughts. He doesn’t provide backup. When you read him, you feel like you have a hobo’s stick and knapsack on your back. The man provides both a form of escapism and a keen insight into what made America what it was in the 20th Century.
Hopper claimed there was enough talent and know-how on a single WPA truck to have built not only one road, but to have built America itself. For that, he said, was quite exactly how America was built - “a group of reasonably intelligent workers took a simple plan, formed an ad-hoc group, and used their common sense and group spirit to execute it well.”
In our own knapsack at The Wiggin Sessions we’ve got some good workers. Recently, however, artificial intelligence has entered the scene, turning our group of “reasonably intelligent workers” into 12 angry men (and women). “By the way,” says our arts director. “I’ve been using MidJourney to generate images for thewigginsessions.com lately. Kind of a game changer…Graphic arts: illustration, photography, painting, drawing... are dead.” Sigh.
“Hey man, get in line. ChatGPT is stealing my job,” one of our writers retorts. He must have read that McDonald’s is replacing human drive-thru attendants with AI. The pilot project is in 10 stores and is 85% accurate.
“Certainly is…” the artist responds. “I use it daily. We’re all screwed! Far more disrupting than anything we’ve ever created. I’ll teach my kids how to fix outboard motors and broken pipes…” "I’m not,” I responded at the time. “AI should make all our work product better. I’m looking forward to it.” “Picking grapes is picking grapes,” the writer resigns. Oy.
Nobody knows what AI is going to do. But like all innovations it creates flights of fear and fancy. All innovations throughout history inspire the same response: joy, anxiety and fear. “Irrational exuberance,” to quote the great googly-eyed Greenspan from 1996.
It occurs to me it doesn’t matter whether AI is good or bad. Es lo que es. It is what it is. And in the workplace these are changes happening to real people. How do you trade it? We recorded with Chris Johnson for next week’s Session. He’s a quant trader, so we’ll dig into what that means…He’s also convinced that AI is a classic bubble in the vein of all bubbles going back to the Tulip Bubble in the mid-1600s. As such, he give some very explicit ideas on how to trade Nvidia, the chipmaker providing the ‘picks and shovels’ for this latest speculative mania.
Automation is challenging the way we work every day. It is also changing how people make decisions, in real time. What’s “building America” going to look like when we get the robots involved? The jury is still out. Your thoughts?"
"Trade the winds,"
Freely download "The True Believer", by Eric Hoffer, here:
Bill Bonner, "Fire and Ice"
"Fire and Ice"
The Fed has but two weapons in its arsenal...
both deadly for American investors.
by Bill Bonner and Joel Bowman
“Although inflation has moved down from its peak - a welcome development - it remains too high. We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.” ~ Jerome Powell in Jackson Hole
Poitou, France - "First, a news flash from Argentina. Bloomberg: "Argentina Central Bank Sees Monthly Inflation Going Over 10%." Argentina’s Central Bank expects monthly inflation in August to have accelerated to almost double the pace of July after the government devalued the peso, two officials said in another sign the economy is quickly deteriorating.
The August data, to be released by the country’s statistics agency on September 14, would dwarf the 6.3 percent monthly inflation that Argentina posted in July, confirming the significant impact on prices from an 18 percent peso devaluation announced by the government earlier in August. That’s 10% per month. Not annually. And, as we’ll discover below, 10% inflation costs a lot more than 10%.
The “Dame Dos” Years: Carlos Menem had a winning smile, a warm personality and some of the most impressive sideburns we’ve ever seen. It’s now hard to imagine, but in the 1990s, when he was president, Argentina had nearly zero debt and zero inflation. There was a simple reason for this sudden and unexpected bout of solvency. Inflation has worked its magic. The country had recently been through a hellfire of hyper-inflation that reduced its peso debts to cinders…and caused Menem to introduce a “peg,” one peso to the dollar…neither more nor less.
The economy boomed. And in a few years, creditors had forgotten what harm they had so recently suffered, and the gauchos were able to borrow again – and stiff their creditors, again, about 10 years later. And now, 2023, out of credit again, they have turned back to the printing presses.
Our daughter, Maria, is now living down there. She and her husband are taking care of our farms, trying to do business in a country where the financial ground shifts under your feet…with small tremors and catastrophic quakes as daily occurrences. How can you invest in such an economy? How can you plan for the future? You have no idea what anything will cost…tomorrow. As for sales, ‘down the road,’ forget about it. Even the road may give way.
As an aside…Maria reports that the grape harvest from last year was a disaster. A late frost killed half the crop. That’s the trouble with high altitude vineyards; you get an extraordinary flavor…but you pay for it. Early frost…late frost…hail…drought – the extreme weather creates extremely-rich grapes. But not many of them. This year we only have enough grapes for, maybe, a few hundred cases. (Readers who want to be sure to get some of our Tacana Malbec should reserve now…before it is all gone:
- https://bonnerprivatewines.com/tacana-offer-bpr/) Meanwhile…
Either way, the final result is much the same…sooner or later hearts are broken and dreams wrecked. The Fed’s ultra-low interest rates enticed people to borrow. One man borrowed to start a business. Another borrowed to gamble on stocks. One borrowed for a house. Others borrow for vacations and big screen TVs.
All have their hopes, dreams, aspirations and fiddles. And all of them are now embedded in $95 trillion of debt. But keeping interest rates too low for too long, the Fed falsified the real costs. And now, as interest rates rise, it becomes harder and harder to keep those dreams alive. Eventually, many must fail.
Right now, based on the historical relationship between output (GDP) and debt, Americans owe about $50 trillion too much. That extra debt is a threat and a burden. It can ruin debtors and creditors alike, taking resources from the present to pay for hamburgers already eaten…investments already gone bad…and vacation sunburn that has already disappeared. With more and more time and money directed towards the past, less is available for the future; growth slows.
As our Argentine friends have shown us, you can borrow for a long time, but not forever. Eventually, the debt can’t be supported. It must go away. That can happen by fire (inflation) or ice (deflation). From the standpoint of the central bank, it’s either ‘inflate or die.’ But while both will eliminate the excess debt, they are far from equal.
Tango and Hard Drugs: If the party ends suddenly, as Paul Volcker ended the US inflation of the ‘70s, many people will be annoyed. They’ll grumble as they fumble for their car keys. Many are already in no condition to drive. They’ve borrowed too much, speculated too recklessly and spent too lavishly. They’ll have to call an Uber. Some will take their chances and end up in a ditch…or in jail. No, it won’t be fun. But at least most will make it home safely…and be able to get to work on time the next day; the real economy will be relatively unharmed.
But if the Fed chooses, it could put on a little tango music…and even bring out the hard drugs. This would keep things going for a while longer…people would go further into debt. They would make even more reckless investments. They would be able to spend more. And the eventual reckoning would be more severe…simply because there would be more bad debt to reckon with.
But there’s more to it. Just look at the economies that have tried to inflate their way out of debt – Zimbabwe, Venezuela, Argentina; inflation has not just wiped out debt…it has wrecked their economies too. Long term investment goes down. Businesses are not started. Those that exist already struggle to stay alive. Households cut back on spending…the ‘rich’ put their money in Miami…or squander it on high living before it gets inflated away.
In other words, inflation does not just reduce asset prices…bringing the rich down a notch. Like a bad drinking habit, it makes it hard to earn a living. People get poorer. Their lives become shabby and sordid. Argentines used to swagger down the boulevards of Paris, proud to be richer than the French. Now, they scurry down dark alleyways of Buenos Aires, looking in the trash for discarded, half-eaten sandwiches.
More to come. Who pays for inflation? Who pays for deflation? Rich people north of Richmond? Or poor people south of Portland?"
o
Joel’s Note: As alluded to above, the “dame dos” years of Argentina in the 1990s refers to the time the gauchos were on top of the (bottom of the) world. Our friends in Buenos Aires explained…“We would go to Brazil and, whatever was offered… dinner, tickets to a show, hotels, caipirinhas, boat rides… our answer would be the same: Dame dos! (gimme two!)
Our Brazilian brothers and sisters hated it, of course, because we were rich. But then, they were beating us at football [soccer]. Now, we have Messi…and no money. The World Cup is here in Argentina… but we are broke. And the Brazilians come to our cities, eat at our parrillas, stay at our hotels and they say to us, ‘me dê dois, me dê dois’”.
Fortunes can turn quickly. Both for individuals…as well as for entire economies. Here in Georgia, where your editor-at-large is presently enjoying his last couple of days in the nation’s splendid capital, the country’s GDP is growing at a 10% annual clip. The math is surprising. At this rate, the economy DOUBLES in size every 7.3 years.
And you see it. Everywhere we look, there’s construction. New hotels… office buildings… restaurants and upscale housing developments. It’s also exceedingly easy to set up a business here as well as to open a bank account. We spoke with a junior conservative politician last week who told us her country aims to be a friend to all neighbors, the preferred place of business in the region.
Of course, there are cycles to these things… from the early years of go-go growth and optimism, to the late, degenerate stages of rot and decay. Right now, “The West,” (loosely defined as the US, UK, and NATO powers) are taking on debt and making Faustian pacts with the monetary gods. The BRICS nations, by contrast, are bringing new countries into the fold, adding letters to their nifty acronym at a pace that would the LGBTQIA2S+ coalition blush."
Buddy Brown, "Scary Message About The 1930's Going Viral Now"
Full screen recommended.
Buddy Brown, 8/31/23
"Scary Message About The 1930's Going Viral Now"
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Dan, I Allegedly, "None of This Is Real"
Full screen recommended.
Dan, I Allegedly 8/31/23
"None of This Is Real"
Here we go again. We just got revised numbers on GDP they keep doing this months later and lowering earlier economic statistics
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Gregory Mannarino, AM/PM 8/31/23
"It's a Big Club, and you ain't in it.
You and I are not in the Big Club."
- George Carlin
Gregory Mannarino, AM 8/31/23
"The Stock Market Is In For A Big Shock! And Here's Why"
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Gregory Mannarino, PM 8/31/23
"Direct Petrodollar Threat Is Very Real,
And Millions Will Pay A Terrible Price"
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The Economic Ninja, 8/31/23
"Dollar General Stock Plunges, A Warning Declared"
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"Buying What We Can Afford At Kroger! This Is Crazy!"
Full screen recommended.
Adventures With Danno, 8/31/23
"Buying What We Can Afford At Kroger! This Is Crazy!"
"In today's vlog, we are at Kroger and are buying what we can afford as these grocery prices have just gotten beyond expensive. It's getting harder and harder to stock up on food these days as prices just keep going up!"
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Wednesday, August 30, 2023
"Map Reveals Imminent WW3 Escalation, Russia Frantically Deploying Reserves To South"
Full screen recommended.
Canadian Prepper, 8/30/23
"Map Reveals Imminent WW3 Escalation,
Russia Frantically Deploying Reserves To South"
The pace of escalation is incredible, the system is collapsing.
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"Jeremiah Babe, 8/30/23"
Jeremiah Babe, 8/30/23
"Living In A Tiny Home Will Be An Amazing $133K Jail Cell;
Car Lots Fill Up With EVs; AirBNB Bubble"
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"Walmart And 9 Large Retailers Are Closing Stores As Retail Crisis 2023 Continues"
Full screen recommended.
The Atlantis Report
"Walmart And 9 Large Retailers Are
Closing Stores As Retail Crisis 2023 Continues"
In a world full of mass retail shutdowns and a tough economic environment, Consumers have halted buying non essential items. A wave of unprecedented collapse is extremely destructive for the consumer and retail sector alike. According to multiple sources, retail stores which never saw a yearly negative revenue, always re-invested and opened new branches across the US are either filing for bankruptcy or cutting down staff by a huge margin. Unlike the rest of industries, the retail sector is most affected by inflation, declining sales and increased debt burdens.
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"8 Items That Have Been Skyrocketing In Price At The Grocery Stores!"
Adventures With Danno, PM 8/30/23
"8 Items That Have Been Skyrocketing
In Price At The Grocery Stores!"
"These are 8 common grocery items that are soaring in price in the fall of 2023! We are exposing the truth on what nobody is talking about. Inflation and food shortages in the grocery stores are making it harder for most families to even put food on the table!"
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"10 Signs China's Economic Collapse Has Finally Begun"
Full screen recommended.
"10 Signs China's Economic Collapse Has Finally Begun"
by Epic Economist
"China’s economic structure is getting increasingly unsustainable. Several indicators show that the world’s second-largest economy is standing on very shaky ground right now. A major meltdown is already in motion after the collapse of the country’s second-largest property developer Evergrande, whose shares collapsed by 80% on Monday. But Evergrande’s bankruptcy is just one aspect of the historic crisis gripping the Eastern economic superpower. China’s growth is falling, production levels are rapidly declining, and dropping trading volumes suggest that economic activity is grinding to a halt. The pandemic recovery officials were expecting hasn’t materialized yet. Instead, new data suggests that it will take years before the economy gets back on its feet.
Even though many experts predicted that the Chinese economy would soon eclipse the American economy and replace the U.S. as the global hegemon, today, they say that when and if that scenario comes to fruition, it will be mostly due to our domestic policy failures rather than China’s success. The mistakes of our leaders may have given our adversaries in Beijing some leverage in the global market. However, the deleterious policies of the Chinese Communist Party have been destroying businesses, causing record unemployment, and stirring social unrest all over the nation.
With people’s purchasing power being squeezed, consumer prices are dropping for the first time in several years as demand continues to fall. While inflation is a major concern of the Federal Reserve, the People’s Bank of China is currently dealing with the opposite problem. Deflation – the trend of crashing prices throughout the economy – presents a particular threat to the Chinese economy, which carries a massive amount of debt. David Dollar, a senior fellow at the Brookings Institute's China Center, explains that deflation means the real value of debt goes up. Although inflation is certainly bad for any economy, it does help manage debt burdens over time. But deflation actually does the opposite. The crisis helps to explain China's weak second-quarter GDP, which came in lower than expected at 6.3%.
The party’s corruption is eviscerating the private sector and putting the financial market in great danger as elitists take control of the system to obtain more and more wealth. Their goal of having absolute power is deteriorating the health of the population and the economy. Recent figures add to the anxiety that cascading failures will completely break down the Chinese economy. Earlier this year, JPMorgan’s analysts predicted that China risks a 1990-style “Japanification” if officials fail to address the housing market crash, financial imbalances, and aging demographics.
From an unstable economy to a debt-ridden property market to anti-business policies and demographic imbalances, Beijing is buried in problems right now. State officials must come up with better strategies than hiding negative information if they want to save the Chinese economy from the ongoing meltdown. The economic superpower is losing its strength and in danger of falling apart just as Japan did in 1990. But if China goes down, the entire world will suffer repercussions. That outcome could push us into one of the biggest economic and financial crises in history, and the consequences of it will be absolutely destructive for the global market. In this video, we identified 10 signs that prove that China is in deep trouble as economic and social stability continues to erode across the country. So keep tuned until the end to understand what’s behind the downfall of the Chinese empire."
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o
Full screen recommended.
The Atlantis Report, 8/30/23
"The Chinese Economy Is About To Pull Us Under"
"It’s no surprise that China’s economy is in big trouble, and today we’ve got the latest financial news, and how this crisis will impact the United States. The Evergrand Group, the world’s most indebted real estate developer, has reported a significant narrowing in its net losses for the first half of 2023, thanks to a rise in revenue because of a “short boom” earlier this year. But its stock still plunged more than 70% on Monday August 28th, when it resumed trading following a 17-month suspension, even as shares in most Chinese property firms traded higher after a series of weekend announcements by officials aimed at boosting demand for property.
For years, the Shenzhen-based company was one of China’s largest property developers by sales. But it had borrowed heavily to fund its expansion and defaulted on its debt in 2021, sparking a crisis in China’s real estate sector, which once accounted for as much as 30% of the country’s economy. Earlier this month, it applied for bankruptcy in the United States."
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Gerald Celente, "America: The Devil's Bargain"
Gerald Celente, Trends Journal, 8/30/23
"America: The Devil's Bargain"
The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present facts and truth over fear and propaganda to help subscribers prepare for what’s next in these increasingly turbulent times.
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Musical Interlude: Little River Band, "Cool Change"
Full screen recommended.
Little River Band, "Cool Change"
"A Look to the Heavens"
"Two stars within our own Milky Way galaxy anchor the foreground of this cosmic snapshot. Beyond them lie the galaxies of the Hydra Cluster. In fact, while the spiky foreground stars are hundreds of light-years distant, the Hydra Cluster galaxies are over 100 million light-years away.
Three large galaxies near the cluster center, two yellow ellipticals (NGC 3311, NGC 3309) and one prominent blue spiral (NGC 3312), are the dominant galaxies, each about 150,000 light-years in diameter. An intriguing overlapping galaxy pair cataloged as NGC 3314 is just above and left of NGC 3312. Also known as Abell 1060, the Hydra galaxy cluster is one of three large galaxy clusters within 200 million light-years of the Milky Way. In the nearby universe, galaxies are gravitationally bound into clusters which themselves are loosely bound into superclusters that in turn are seen to align over even larger scales. At a distance of 100 million light-years this picture would be about 1.3 million light-years across. "
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Related, highest recommendation:
"How Many Galaxies Are In The Universe?"
"The deepest image ever taken, the Hubble Extreme Deep Field, revealed ~5,500 galaxies over an area that took up just 1/32,000,000th of the sky. But today, scientists estimate that there are more than ten times as many galaxies out there than Hubble, even at its limits, is capable of seeing. All told, there are some ~2 trillion galaxies within the observable Universe. Here's how we know."
View this complete, extraordinarily fascinating, article here:
"The World Rests In The Night..."
“The world rests in the night. Trees, mountains, fields, and faces are released from the prison of shape and the burden of exposure. Each thing creeps back into its own nature within the shelter of the dark. Darkness is the ancient womb. Nighttime is womb-time. Our souls come out to play. The darkness absolves everything; the struggle for identity and impression falls away. We rest in the night.”
- John O'Donohue,
o
"Anam Cara: A Book of Celtic Wisdom"
○
“On the day when
the weight deadens
on your shoulders
and you stumble,
may the clay dance
to balance you.
And when your eyes
freeze behind
the grey window
and the ghost of loss
gets in to you,
may a flock of colors,
indigo, red, green,
and azure blue
come to awaken in you
a meadow of delight.
When the canvas frays
in the currach of thought
and a stain of ocean
blackens beneath you,
may there come across the waters
a path of yellow moonlight
to bring you safely home.
May the nourishment of the earth be yours,
may the clarity of light be yours,
may the fluency of the ocean be yours,
may the protection of the ancestors be yours.
And so may a slow
wind work these words
of love around you,
an invisible cloak
to mind your life.”
○
John O'Donohue was an Irish author, poet, philosopher and former Catholic priest. He was born in County Clare on January 1, 1956. He died suddenly on January 4, 2008. He is best known for popularizing Celtic spirituality and is the author of a number of best-selling books on the subject.
Chet Raymo, “In Wildness Is The Preservation Of The World?”
“In Wildness Is The Preservation Of The World?”
by Chet Raymo
“In earlier times, when I was still teaching, it was my habit to occasionally take a wildflower, or piece of rotten bark, or pinch of oil into a biology lab where I had access to a high-quality dissecting microscope. I'd put my sample on the stage of the scope and go exploring. A hawkweed blossom, say, became the concise equivalent of a tropical jungle, teeming with wildlife.
We bemoan the loss of wilderness, and rightly so I suppose. But there are vast tracks of wilderness that we do not despoil, on a scale too small for annihilation by our marauding hand. Elephants and gorillas may be in danger of extinction, but the ants are doing just fine.
In fact, they seem to find my kitchen countertops entirely to their liking. A paradise of crumbs. An Eden of spilled nutrition. Just look at them, armies of them, as small as the period at the end of this sentence, scampering in gleeful forays.
To my eye they are only featureless specks. But I know that they have legs, antennae, mouth and anus. Sense organs. Reproductive strategies. In other words, we have a lot in common, the ants and me, including common ancestry. It's all a matter of scale. For me the wilderness is mostly gone. For the ants, it's just changing form.
In "The Creation", E. O. Wilson writes: "Ants alone, of which there may be 10 thousand trillion, weigh roughly as much as all 6.5 billion human beings." In the kitchen, I still outweigh the interlopers, but take the whole island and I suppose they might outweigh me. In any case, they don't seem to be aware of a loss of wilderness.
And while we are on the subject of scale, consider the nematodes, mostly tiny, threadlike worms whose millions of species make up four-fifths of all animals on Earth. A handful of loam might contain a thousand. They live virtually everywhere- soil, water, desert sand, arctic ice, hot springs, and as parasites of plants and animals, including humans. Pinworms and hookworms are nematodes. For the nematodes, we are part of the wilderness.”
Dan, I Allegedly, "We Are Under Attack"
Dan, I Allegedly PM 8/30/23
"We Are Under Attack"
"The cyber criminals are working overtime right now. We are victims of multiple cyber attacks, ransom, ware, attack, and malware hitting our homes and businesses. You need to protect yourself and make sure that your data is backed up."
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