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Wednesday, June 1, 2022

"Vitae Summa Brevis"

"Vitae Summa Brevis"

"They are not long, the weeping and the laughter,
Love and desire and hate:
I think they have no portion in us after
We pass the gate.
They are not long, the days of wine and roses;
Out of a misty dream
Our path emerges for a while, then closes
Within a dream."

- Ernest Dowson
“Vitae summa brevis spem nos vetat incohare longam”
is a quotation from Horace’s “First Book of Odes”:
“The shortness of life prevents us from entertaining far-off hopes.”

Celente and the Judge, "Washington's Killing the Constitution"

Full screen recommended.
Celente and the Judge, 6/1/22
"Washington's Killing the Constitution"
"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."

The Daily "Near You?"

DeMotte, Indiana, USA. Thanks for stopping by!

"Energy Supply Prices To Hit Catastrophic Levels As Resources Running Out"

Full screen recommended.
The Atlantis Report, 6/1/22:
"Energy Supply Prices To Hit Catastrophic
 Levels As Resources Running Out"
"Jeremy Grantham warns about natural gas and oil 
prices to rise to all-time high as resources running out."

"Anyone..."

 

Bill Bonner, "Accident Ahead!"

"Accident Ahead!"
The Feds stumble and fumble toward a massive pile-up for all...
by Bill Bonner

Dublin, Ireland - "A joke told by our priest in church: A woman sees on the news that a car is driving the wrong way on the freeway. She calls her husband, who is on his way into town. “Watch out, dear,” she says. “Some idiot is driving the wrong way.” “Are you kidding?” he replies. “There are dozens of them. All going the wrong way.”

Going the wrong way can be fatal. And highway rules are often cited as evidence for the need to get everyone going the same way. How you do that is the dot we’re trying to connect today. Why it matters will be obvious soon enough. When the feds cut supply (shutting down the economy in the Covid Panic), and then boosted demand (printing up new money and passing out gimmie/stimmie checks) what would happen next was almost a foregone conclusion – prices would rise.

An Obvious Observation: This was not ‘rocket surgery;’ it was just the most basic and obvious observation. The only people who couldn’t see it were those who were paid to be blind – those at the Fed, the Treasury Department, and on Wall Street. Bloomberg: "Treasury Secretary Janet Yellen gave her most direct admission yet that she made an incorrect call last year in predicting that elevated inflation wouldn’t pose a continuing problem. “I was wrong about the path inflation would take,” Yellen said in an interview that aired Tuesday on CNN. “There have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that at the time I didn’t fully understand.”

It took Ms. Yellen many years of higher education (Brown, Yale, Harvard, the London School of Economics) and 23 years feeding at the federal trough to miss the point. For her, formerly Fed chief and now US Treasury secretary, it was like knocking down houses and then being surprised by homelessness. And yet, this is the woman – along with Jerome Powell – who is supposed to guide the US to a ‘recovery.’ How likely is that?

We made a slightly more subtle point yesterday: that an economy is not circular… it is linear. It never really ‘recovers’ anything. That is, it never goes back “to what it was.” Time only goes one way. An economy too. Once the sun has set, the day is gone forever. And an economy never recovers from the damage inflicted by people like Janet Yellen; it simply moves on the best it can.

Stumbling and Fumbling: But what is happening in the US economy goes way beyond Madame Yellen’s stumbling and fumbling. It is more basic than the Fed’s falsifying the cost of capital… or the deficit spending of the federal government. It goes to the heart of how wealth is created – and to how people end up on the wrong side of the road.

As we noted last week, ultimately, people become richer by working, inventing, saving… and so forth. The more they are left alone, generally, the more wealth they create. We’ve seen, too – in many examples (the Soviet Union comes rushing to mind) – that you can’t force the issue. You can’t just command people: ‘get to work; make us wealthier.’ And if you could trick them into it – by holding down interest rates…or printing money – there would be a lot more rich people in the world.

It’s not quite that simple. There are rules you must follow if you’re going to have a wealthy society. But they are not commands – neither by Josef Stalin nor by Janet Yellen. The rules that allow people to get richer are not decrees from dictators, nor laws passed by Congress. They are vernacular rules that people follow because they help them all get where they want to go.

Consensus vs Command: In the US, for example, people drive on the right side of the road. Here in Ireland, they drive on the left side. People cannot decide for themselves which side of the road to drive on. Some cannot drive on the right and some on the left. They all have to agree. And then, the person who bucks the trend and drives on the ‘wrong’ side of the road is a menace to himself and everyone else.

There are other important rules too – don’t steal, don’t kill, say ‘please’ and ‘thank you,’ don’t counterfeit money, don’t lie. These are ‘consensus’ rules… that people follow because they help us all get where we want to go. Are they sometimes ignored? Are there rule breakers? Of course… some people will always end up on the wrong side of the road.

Some people end up on the wrong side of the law, too. But more interesting is that the law sometimes ends up on the wrong side of ‘the people.’ You can pass a law to back up a consensus rule. But without a consensus, the law is merely a command. It doesn’t help people get where they want to go… it forces them to go somewhere else. Not back to an economic ‘recovery,’ but somewhere they don’t want to go. More to come…"

"Consumers Are Hitting A Breaking Point Worldwide"

Full screen recommended.
Dan, iAllegedly 6/1/22:
"Consumers Are Hitting A Breaking Point Worldwide"
"It makes a difference where you live. The consumers around the globe are absolutely fed up with everything from high rents, high gas prices and food prices. Inflation is getting to a critical point around the globe. "

"How It Really Is"

 

"Are You Upset About Inflation? If So, You Aren’t Alone"

"Are You Upset About Inflation? If So, You Aren’t Alone"
by Michael Snyder

"All of a sudden, just about everyone is upset about inflation. It would have been nice if everyone would have been this upset back when our leaders were making the exceedingly foolish decisions that resulted in this crisis. In May 2012, the federal government was 15 trillion dollars in debt. Now we are 30 trillion dollars in debt, but our politicians continue to spend money as if tomorrow will never come. Meanwhile, the Federal Reserve has pumped trillions of dollars that they created out of thin air into the financial system in recent years. For a very long time, I passionately denounced what our leaders were doing, because I knew what would happen. Now a day of reckoning has arrived, and millions upon millions of Americans are absolutely desperate for things to return to normal. Unfortunately, that simply is not going to happen.

In May 2020, the average price of a gallon of gasoline in the United States was less than two dollars. Today, the average price of a gallon of gasoline in the United States reached a brand new record high of $4.62, and we are being warned that it could soon go to “$5 a gallon or more”…"The national average for unleaded gas hit another new high of $4.62 per gallon Tuesday, according to AAA data. Prices are up more than 50% compared with last year. Analysts say gasoline prices usually peak by mid-May, but this year prices at the pump could continue to rise into July and reach about $5 a gallon or more."

Most of the time, the vast majority of the population doesn’t pay much attention to economics. But this is where the rubber meets the road, and two recent polls show very clearly that Americans are becoming increasingly frustrated…"An NBC News poll released earlier this month found that 33 percent of Americans approve of Biden’s handling of the economy, while 23 percent approve of his handling of the cost of living. A Washington Post-ABC News poll in early May found that more than 9 in 10 Americans are concerned, at a minimum, about the rate of inflation, which has been at a 40-year high for months. That included 44 percent who say they are “upset” about the problem."

In addition, Gallup’s Economic Confidence Index has now fallen to the lowest reading that we have seen since the end of the Great Recession…"Gallup’s Economic Confidence Index measured -45 in May, down from -39 in each of the previous two months. It is the lowest reading in Gallup’s trend during the coronavirus pandemic, and likely the lowest confidence has been since the tail end of the Great Recession in early 2009."

When things go bad, who are people going to blame? More than anyone else, people are going to blame the guy in the White House. And right now the Biden administration is absolutely desperate “to contain the political damage caused by inflation”…"The White House launched a new push Tuesday to contain the political damage caused by inflation after President Biden complained for weeks to aides that his administration was not doing enough to publicly explain the fastest price increases in roughly four decades.

Aiming to demonstrate to the public that it is responding to its concerns, Biden met with Federal Reserve Chair Jerome H. Powell in the Oval Office, wrote an op-ed in the Wall Street Journal about inflation and sent top aides across major networks to push the administration’s economic message."

What is Biden’s “economic message” exactly? I have been sitting here pondering that question, and I honestly cannot answer it. Every day, the story seems to change. A while back, Biden promised to do all that he could to lower gasoline prices, and he foolishly released a million barrels from the Strategic Petroleum Reserve. That didn’t work. So what now?

One insider told Politico that high gasoline prices are “a really difficult issue to message around”, because “you can’t deny the reality”…"The White House’s focus on gas prices is bred from two sobering political conclusions top officials have made. The first is that they have little control over the problem. The second is that as prices rise at the pump, so do Democrats’ odds of a midterm wipeout — especially as the average U.S. gallon of gas hits fresh record highs. “There really isn’t one silver bullet,” said one person familiar with the discussions. “It’s a really difficult issue to message around when you can’t deny the reality.”

If Joe Biden asked me what he should do in order to reduce gasoline prices, the first thing I would say would be to stop doing things that are counterproductive. The following comes from a recent editorial by Marc A. Thiessen…"If the Biden administration cared about high gas prices, they would be doing everything in their power to increase domestic production. After a federal judge invalidated an offshore oil and gas lease sale in January, the administration chose not to appeal and has since canceled three transactions in the Gulf of Mexico and off the coast of Alaska — taking millions of acres off the auction block. The Post called the move “a victory for climate activists intent on curbing U.S. fossil fuel leasing,” which “effectively ends the possibility of the federal government holding a lease sale in coastal waters this year.” Worse, the administration is about to let the nationwide offshore drilling program expire next month without a new plan in place."

Moving forward, we need to remove mountains of regulations that have made it extremely difficult to build and operate new refineries in the United States. And we need far more exploration and far more drilling as soon as possible. Of course the truth is that this isn’t just a U.S. problem.

Energy prices are out of control all over the world, and they are actually much higher in Europe than they are here. In fact, soaring energy prices are a big reason why inflation in the European Union just hit a brand new record high…"Following Germany’s post-Weimar record high inflation print, the European Union’s consumer price inflation data this morning surged to a record high at +8.1% YoY (notably hotter than the +7.8% YoY expected)."

Most Americans don’t realize this, but Europe is actually much closer to a full-blown economic meltdown than we are. I expect the euro to fall below parity with the dollar in the not too distant future. And I expect a nightmarish energy crunch in Europe as supplies from Russia are restricted or cut off completely. Unless something changes, next winter is going to be a really challenging time for many European nations.

We have entered the worst energy crisis in modern history, but what we have experienced so far is just the beginning. Much worse is ahead, and the American people will become increasingly frustrated as prices just keep going higher and higher."

Chris Martenson, Peak Prosperity, "Playing Russian Roulette:

Full screen recommended.
Chris Martenson, Peak Prosperity,
"Playing Russian Roulette:
Oil: Is Europe Committing Economic Suicide?"

Viewer Comment:
Tarey Reilly: "OMG, Chris! What a brilliantly prepared analysis and presentation of oil supply chains, types, production, and distribution in world energy markets and the reasons why the EU's refusal to buy Russian oil will be so devastating for the European people in their everyday life in the midst of such blistering inflation. You are an inspiring and thoughtful teacher, as you have the unique gift of clarifying complicated processes and issues with great ease and compassion for us - the overwhelmed and confused. Thank you so much for this highly informative and urgent, public service message; we appreciate all you do!"

Greg Hunter, "Deep State Predators Need to Terrify Everyone"

"Deep State Predators Need to Terrify Everyone – Alex Newman"
By Greg Hunter’s USAWatchdog.com

"Author of the popular book “Deep State” and award-winning journalist Alex Newman says Deep State globalists are afraid the world is waking up to the tyranny they are trying to impose on every country on earth including America. Things are not going as smoothly into their so-called reset as they had envisioned. Newman explains, “The Deep State is in a ‘do or die’ moment right now. They, the elites or predator class, recognize that they are now locked into this. If they try to retreat, there is no retreat. People are waking up at such a rapid rate that they are in a moment where they are going to have to go for broke and try to impose the whole agenda and damn the torpedoes and full speed ahead or they are going to be in big trouble. They are going to be prosecuted. Right this moment, there are conversations in state attorney generals’ offices all across the country, and this is a problem. People are demanding prosecution. 

Right now, the elites, or predator class, realize if they don’t move forward very quickly, they are going to lose everything. They could possibly end up facing true accountability. I think we are in a very dangerous situation now. When people get into a position like that, they don’t have a whole lot of options. Either they cancel the election or they cheat like crazy or they just collapse everything. The way things are going right now with inflation out of control, the food crisis and famine just around the corner, of course, that they engineered, and the monkey pox and bird flu, they have all their crises lined up. You realize they have a lot of options still to play. I suspect there will be some very interesting developments between now and the mid-term elections. If we had honest elections, they would be totally creamed. They would be toast, and they know that.”

Newman thinks the next move by the Deep State may be a combination of crises that could include the collapse of the buying power of the U.S. dollar and a food crisis that is already a lock in the not-so-distant future. Newman warns, “What’s going on in Russia and Ukraine, we cannot count out. There is a very real prospect of that expanding. Desperate people do desperate things. This is just like with an animal that has been backed into a corner. When you get an animal in that situation, they are really left with few options other than attack and do something dangerous, and I think that is where we are at. They recognize that they need crises to advance their agenda. They need to terrify the population, and it has to be done in a way that their finger prints are not on this, and instead of people turning on each other, they will start looking for them.”

Newman says, “The country can be turned around and it needs to be turned around, but it’s going to take work, and maybe intervention by the Good Lord.” Newman closes by saying, “There is no silver bullet.” There is much more in the 49 min. video interview."

Join Greg Hunter on Rumble as he goes One-on-One with hard hitting journalist Alex Newman, founder of LibertySentinel.org and author of the recent book “Deep State.”

"Major Price Increases At Meijer, And Some Empty Shelves! What's Next?"

Full screen recommended.
Adventures with Danno, 6/1/22:
"Major Price Increases At Meijer, 
And Some Empty Shelves! What's Next?"
"In today's vlog we are at Meijer, and are noticing massive price increases! We are here to check out skyrocketing prices, and a lot of empty shelves! It's getting rough out here as stores seem to be struggling with getting products!"
View comments here:

Gregory Mannarino, "Shocker! Yellen Admits She Was Wrong! Inflation Is Not Transitory"

Gregory Mannarino, AM 6/1/22:
"Shocker! Yellen Admits She Was Wrong! 
Inflation Is Not Transitory"

Tuesday, May 31, 2022

"Why America Decays: The Tyranny Of Self-Interest"

"Why America Decays: The Tyranny Of Self-Interest"
by Charles Hugh Smith

"I've discussed the moral rot consuming the American Project in blog posts and my books. This moral rot - perhaps better described as civic decay - is so pervasive and ubiquitous that we are forgiven for assuming "this is the way it's always been." This inability to discern the rot is the result of the gradualness of the decay. There are many analogies: the slowly boiled frog, the way in which weight gain creeps up on us, and so on. This is the result of humanity's finely tuned knack to habituate to any new environment and normalize what would have been intolerable in the recent past.

We adapt to changing expectations, incentives, values and realities over time and forget the way our world functioned in previous eras. There are many examples of this. Many of the changes in our society, politics and economy can be traced back to the early 1980s, when financialization (and its offspring, regulatory capture and pay-to-play) began its rise to supremacy.

Forty years ago, student loans were unknown and healthcare costs did not bankrupt households. Forty years ago, relatively few Americans were obese. Go back a decade further, prior to the explosion of fast-food outlets, and a small percentage of the money Americans spent on food went to eating out/away from home, i.e. fast-food and restaurants. Eating out was a treat reserved for special occasions, not a daily ritual / birthright.

In the post-Vietnam era, Americans were wary of foreign entanglements. The Presidency wasn't quite as Imperial as it is today. Congress still held some modest power over foreign entanglements. This is no longer the case.

The most insightful way to grasp the pervasive moral rot is to examine the tyranny of self-interest: in the past, the public interest/common good still had a foothold in the nation's values, incentives and expectations. Now the public interest/common good are nothing but paper-thin PR cover for maximizing private gains by any means available, i.e. the supremacy of self-interest.

Our ability to discern the difference between serving the public interest / common good and making a modest profit doing so and harming the common good to maximize private gains has been lost. There are many such examples. The financialized self-interest behind student loans, healthcare, national defense, Big Pharma, Big Ag, Big Everything - i.e. cartels and monopolies - is visible in every nook and cranny of the U.S. economy, political structure and economy.

Synthetic opioids offer a good example. Under the preposterously false guise of "serving the common good" with painkillers, Big Pharma caused the deaths of tens of thousands of Americans and ruined the lives of hundreds of thousands more via the devastation of addiction - addiction which Big Pharma was pleased to promote as non-addictive because this served to maximize profits.

As is now the norm, no one is held personally responsible for this completely needless public health catastrophe. A few wrist-slap fines are administered and life in America goes back to the relentless urgency to maximize private gains by any means available: fraud, deception, overbilling, embezzlement, regulatory capture, pay-to-play, and so on.

The phony PR cover for the the tyranny of self-interest is that the pursuit of maximizing profits by any means available magically benefits the public. The apologists trot out various example of planned obsolescence as "proof" that the supremacy of self-interest is the golden road to a glorious society, but all this careful cherry-picking doesn't make the moral rot and civic decay go away.

America is doomed to decay as long as we can't tell the difference between the public interest/ common good and self-interest. The two are not the same, but we've lost the ability to discern the difference. Only those societies which still have a functional public interest / common good will survive; those ruled by the tyranny of self-interest will fall."

"Get Your House In Order Or Lose It All; Gas Prices Vaporize Middle Class; Running Out Of Cash"

Full screen recommended.
Jeremiah Babe, 5/31/22:
"Get Your House In Order Or Lose It All; 
Gas Prices Vaporize Middle Class; Running Out Of Cash"

Robert Gore, "Reckoning With Insanity, Part One"

"Reckoning With Insanity, Part One"
by Robert Gore

"What they fear the most is you, thinking for yourself. Within those three words are two implicit concepts. Thinking is the fundamental essential for human existence. It can be hard work, but nobody will disparage it on that basis. Attacks on thought, and there have been many, tend to be more subtle.

The for yourself is more problematic. For one thing, it sounds selfish. Nowadays you can present yourself as damn near any kind of humanitarian, even when you’re carrying all sorts of obviously hypocritical baggage, and you’ll go unchallenged. State that your first concern is your own welfare, not the common good or the public interest, and most people will mentally consign you to the ninth circle of hell. Sixty-five years after publication, Atlas Shrugged, Ayn Rand’s tribute to the self-interested mind, is still denounced. Soon it will be banned in those jurisdictions that have not already done so.

And who wants to be consigned to the ninth circle of hell? Think for yourself and worse, dare to speak your questions, speculations, hypotheses, and conclusions, and you open yourself to isolation and attack. The killer bees in the hive mind mind are vicious, relentless, and remorseless, inflicting stinging, sometimes deadly, cancellation. Then there’s that part of thinking many don’t like - the hard work. It’s easier to join the hive. Never underestimate laziness as a human motivation.

For those that do think for themselves, dispelling the smokescreen of obfuscation, propaganda, and lies that now constitute communications from politicians, other public officials, their allies, and their string-pullers has become routine, Citizens of totalitarian regimes know well the guiding precept: all such communications are lies unless conclusively demonstrated otherwise.

Armed with skepticism, adepts see the lie machine for what it is. They dismiss virtually everything and are rarely wrong. As the U.S. has slid towards totalitarianism, a not exhaustive list of such instances includes the second Iraq war, Obamacare promises, Russiagate, the fixed 2020 election, the government-prompted January, 6, 2020 “insurrection,” and the supposed scientific consensus concerning both global climate and Covid-19. Anyone who doubts that these were detectable lies from inception can check the record. In every instance there were publicly expressed doubts.

Raw power allows liars to get away with lying. Policies are promulgated, protest stifled, protestors confined to the fringe, and although the truth sometimes surfaces into a more general awareness, liars are rarely called to account or punished. They’re often rewarded. Those who understand the game are resigned to it, but now we are confronted with two situations - one developing for decades, one recent - that threaten the livelihoods and lives of every person on the planet. These consequences cannot be met with resignation.

Lying every step of the way, monetary mandarins have incrementally shifted the U.S. from the gold-exchange standard of the late 1800s and early 1900s to a system in which the government and Federal Reserve, joined at the hip, issue unlimited fiat debt instruments. The Federal Reserve’s must - by force of legal tender laws - be accepted as a means of exchange. The Fed buys the government’s fiat debt instruments with its fiat debt instruments and calls it sound economic policy rather than the shell game it is. The coup de grâce lie was President Nixon’s in 1971, when he claimed his suspension of the last vestiges of the gold exchange-standard would be temporary. Fifty-one years later, pure fiat is still in place. The skeptics of 1971 are not surprised.

Nobody knows what random wind will blow away the towering pile of debt. It’s probably already begun; the breeze is certainly picking up force. If so, it’s the nature of financial crises that they accelerate into collapse. Whether or not we’re in the midst of it, the mathematics of ever-increasing principle and compounding interest mean that collapse is inevitable. Production and existing wealth are not enough to cover debt service and principle repayment on the debt already incurred; a problem exacerbated by rising interest rates. Debt having become the liars’ all-purpose economic and political tool, you can be sure that as debt implodes, they’ll throw more of it at the ensuing crisis. It won’t work.

The debt situation is an insanity that has become almost normalized because it’s gone on for so long. There has not yet been the kind of catastrophic financial and economic crash that will serve as conclusive proof of its insanity. Absent such a crash, many people ignore, or worse, actively court the looming disaster, dancing on the rim of a rumbling, smoking volcano. Perhaps to divert attention, the liars have started a war with Russia.

The time many people will have to grasp the insanity of the Russian situation may be measured in microseconds. A brilliant, blinding flash and millions are instantly incinerated. The U.S. government is playing chicken with the one nation on the planet that has more nuclear weapons than it does. And for what? The claimed right to expand NATO to the most corrupt nation in Europe, whose kleptocratic government and military are riddled with neo-Nazis. A nation that Barack Obama noted is far more important to Russia than it is to the U.S.

The Ukraine-Russia war began on March 12, 1999, when former Warsaw pact nations Hungary, Poland, and the Czech Republic were admitted to NATO. Their admittance broke a promise that was made to the Russian government after the dissolution of the Soviet Union in 1991 that NATO would not expand eastward. Since then that promise has been broken repeatedly. Although Ukraine’s prospective NATO membership is in limbo, it appears that Finland and Sweden will also join.

Knowledge of history, comprehending any perspective other than one’s own, or even glancing at a map are considered weaknesses and markers of traitorous tendencies in Washington. A glance at a map reveals that Russia does not have the benefit of the U.S.’s Atlantic and Pacific moats. And here’s a brief history lesson: Russia has been invaded repeatedly from both the east and west.

Vladimir Putin’s oft-stated objections to NATO on Russia’s western doorstep stem from that history, yet the West has dismissed those objections as irrational paranoia. How can Putin doubt the West’s sincerity and goodwill, notwithstanding: the repeatedly broken NATO promise, the 2014 coup in Ukraine, the U.S. withdrawal from arms control treaties, the missiles positioned a few minutes flight time from Moscow in eastern Europe, Ukrainian bioweapons labs, the ongoing demonization of Putin, and the publicly expressed desire for Russian regime change? He’s a madman, they tell us, without ten seconds thought as to how he and the rest of Russia might perceive the situation.

It’s a wonder anybody in Russia sleeps at night. The U.S. and Europe are clearly waging war on them via their Ukrainian proxy and the U.S. is upping the ante $40 billion. Ignoring the Minsk agreement it signed, Ukraine’s government waged war on the Donbass region - which has strong ties to Russia - for eight years and escalated in mid-February. This was the last straw and Russia invaded.

Previous straws were Ukraine’s desire for NATO membership, president Volodymyr Zelensky’s pledge to take back Crimea, and his February 19 Munich speech in which he threatened to withdraw from the Budapest Memorandum of 1994. Per that agreement Ukraine gave up its nuclear weapons in return for security guarantees from the U.S., Great Britain, and Russia. How well would you sleep if Russia had nuclear weapons in Mexico or Canada and its officials publicly speculated about “winnable” nuclear wars? The Soviet Union’s deployment of nukes in Cuba in 1962 caused a lot of insomnia. The crisis was only resolved through skillful negotiations between Kennedy and Khrushchev, cooler heads than the lunatics on both sides plumping for nuclear war.

How well would you sleep if Russia had bioweapons labs in Mexico or Canada that were doing research aimed at American genotypes? What part of the $40 billion appropriation will be covertly directed towards eliminating incriminating evidence concerning Ukraine’s U.S.-funded bioweapons labs and the nature of their research? And what part will buy off accomplices and eliminate evidence that Ukraine has been a bribe spigot and money laundromat for Democrat eminences since the U.S.-sponsored coup?"
Part Two will be posted June 2.

"20 Signs America Is Headed For Another Dust Bowl"

Full screen recommended.
"20 Signs America Is Headed For Another Dust Bowl"
by Epic Economist

"Dust bowl conditions are coming back in America. For decades, the U.S. was considered the breadbasket of the world, but those days have come to an end. As weather conditions get drier and drier, the nation's water reservoirs are rapidly drying up and dust bowl conditions are spreading across the country.

Many factors are contributing to this alarming situation. Scientists have been warning that the U.S. water supply is being depleted at an astounding pace, and new estimates indicate that there won’t be enough water to irrigate millions of acres of crops this year. On top of that, millions of Americans will be affected by water restrictions this summer.

Over the past 20 years, drought conditions have become the "new normal" in many areas of the Southwest. In fact, meteorologists say that the wet conditions that we enjoyed from the late 1940s to the end of the 1990s were the exception to the rule and that most of the time the interior west is actually incredibly dry. They are also alerting that the current megadrought is likely to stay with us a lot longer than it did during the 1930s.

As temperatures go up and water supplies go down, our ability to preserve our agricultural production gets dramatically compromised. Without enough water, we cannot grow enough food to feed our entire population, and with global food supplies getting tighter and tighter, we cannot afford to have a significant decrease in agricultural production right now.

The drought that has enveloped southwestern North America for the past 22 years is the region’s driest “megadrought” — defined as a drought lasting two decades or longer — since at least the year 800, according to a UCLA-led study in the journal Nature Climate Change. Thanks to the region’s high temperatures and low precipitation levels from summer 2020 through summer 2021, the current drought has exceeded the severity of a late-1500s megadrought that previously had been identified as the driest such drought in the 1,200 years that the scientists studied. UCLA geographer Park Williams, the study’s lead author, said with dry conditions likely to persist, it would take multiple wet years to remediate their effects.

Unfortunately, many areas of the heartland of America are slowly but surely heading to another climate disaster. History tells us that it is only a matter of time before dust bowl conditions return to America. Over the past few decades, we have counted on irrigation and other technologies to delay the inevitable, but at the end of the day, this cannot be stopped. At this point, we can only hope that the return of dust bowl conditions is put off for as long as possible, but let's also prepare diligently for the worst because unexpected catastrophes can change everything much faster than we can even imagine.

That is why what is happening is so worrying. For that reason, today we compiled several numbers that expose the dire effects of abnormally dry weather conditions in the U.S."

Gerald Celente, "Ignorance Is Bliss, Knowledge Is Power"

Full screen recommended
Strong language alert!
Gerald Celente, "Trends Journal"
"Ignorance Is Bliss, Knowledge Is Power"

Gregory Mannarino, "Tomorrow The Fed Begins QT. Does This Signal A Stock Market Meltdown?"

Gregory Mannarino, PM 5/31/22:
"Tomorrow The Fed Begins QT. 
Does This Signal A Stock Market Meltdown?"

Musical Interlude: Relaxed Music, "Healing Music To Clear Your Head"

Full screen recommended.
Relaxed Music, "Healing Music To Clear Your Head"
"Use this to study, relax, heal, and focus on your heart. This is a compilation
 of songs that have been curated for healing, being mindful, and calming down."

"A Look to the Heavens"

“These clouds of interstellar dust and gas have blossomed 1,300 light-years away in the fertile star fields of the constellation Cepheus. Sometimes called the Iris Nebula, NGC 7023 is not the only nebula in the sky to evoke the imagery of flowers, though. Still, this deep telescopic view shows off the Iris Nebula's range of colors and symmetries in impressive detail.
Within the Iris, dusty nebular material surrounds a hot, young star. The dominant color of the brighter reflection nebula is blue, characteristic of dust grains reflecting starlight. Central filaments of the dusty clouds glow with a faint reddish photoluminesence as some dust grains effectively convert the star's invisible ultraviolet radiation to visible red light. Infrared observations indicate that this nebula may contain complex carbon molecules known as PAHs. The pretty blue petals of the Iris Nebula span about six light-years.”

"We Like To Think..."

"We like to think that we are rational beings; humane, conscientious, civilized, thoughtful. But when things fall apart, even just a little, it becomes clear we are not better than animals. We have opposable thumbs, we think, we walk erect, we speak, we dream, but deep down we are still routing around in the primordial ooze; biting, clawing, scratching out an existence in the cold, dark world like the rest of the tree-toads and sloths."
- "Grey's Anatomy"

Kahlil Gibran, “A Poet’s Voice XV, Part Four”"

“A Poet’s Voice XV, Part Four”"
by Kahlil Gibran

“You are my brother, but why are you quarreling with me? Why do you invade my country and try to subjugate me for the sake of pleasing those who are seeking glory and authority? Why do you leave your wife and children and follow Death to the distant land for the sake of those who buy glory with your blood, and high honor with your mother’s tears?

Is it an honor for a man to kill his brother man? If you deem it an honor, let it be an act of worship, and erect a temple to Cain who slew his brother Abel. Is self-preservation the first law of Nature? Why, then, does Greed urge you to self-sacrifice in order only to achieve his aim in hurting your brothers? Beware, my brother, of the leader who says, “Love of existence obliges us to deprive the people of their rights!” I say unto you but this: protecting others’ rights is the noblest and most beautiful human act; if my existence requires that I kill others, then death is more honorable to me, and if I cannot find someone to kill me for the protection of my honor, I will not hesitate to take my life by my own hands for the sake of Eternity before Eternity comes.

Selfishness, my brother, is the cause of blind superiority, and superiority creates clanship, and clanship creates authority which leads to discord and subjugation.

The soul believes in the power of knowledge and justice over dark ignorance; it denies the authority that supplies the swords to defend and strengthen ignorance and oppression – that authority which destroyed Babylon and shook the foundation of Jerusalem and left Rome in ruins. It is that which made people call criminals great mean; made writers respect their names; made historians relate the stories of their inhumanity in manner of praise. The only authority I obey is the knowledge of guarding and acquiescing in the Natural Law of Justice.

What justice does authority display when it kills the killer? When it imprisons the robber? When it descends on a neighborhood country and slays its people? What does justice think of the authority under which a killer punishes the one who kills, and a thief sentences the one who steals?

You are my brother, and I love you; and Love is justice with its full intensity and dignity. If justice did not support my love for you, regardless of your tribe and community, I would be a deceiver concealing the ugliness of selfishness behind the outer garment of pure love.”

"Know What's Weird?"

"Know what's weird? Day by day, nothing seems to change,
but pretty soon... everything's different."
- Calvin, from "Calvin and Hobbes"

"Three Things..."

“To me, there are three things we all should do every day. We should do this every day of our lives. Number one is laugh. You should laugh every day. Number two is think. You should spend some time in thought. And number three is, you should have your emotions moved to tears, could be happiness or joy. But think about it. If you laugh, you think, and you cry, that’s a full day. That’s a heck of a day. You do that seven days a week, you’re going to have something special. I just got one last thing... I urge all of you, all of you, to enjoy your life, the precious moments you have.”
- Jim Valvano

"Are The Dog Days of the Economy Behind Us?"

Full screen recommended.
Dan, iAllegedly 5/31/22:
"Are The Dog Days of the Economy Behind Us?"
"The stock market has two hot days in a row. How are we supposed to believe it is problem solved. Real estate experts are now saying that real estate prices will not tank this year. They will go up another 10%. The job market looks so rosy that Airbnb opens up a job board and 1 million people go to it to look for a job."

The Daily "Near You?"

Cambridge, Massachusetts, USA. Thanks for stopping by!

"I Know..

 

"The Worst Energy Crisis In U.S. History Is Going To Get Even Worse In The Months Ahead"

"The Worst Energy Crisis In U.S. History Is Going 
To Get Even Worse In The Months Ahead"
by Michael Snyder

"Are you ready for what is coming next? Are you ready to pay six dollars for a gallon of gasoline? Are you ready to pay much higher prices for everything at our major stores as the price of diesel goes haywire? Are you ready for widespread blackouts all over the U.S. this summer? Unfortunately, we are being warned that all of these things are coming. The worst energy crisis in U.S. history is poised to get even worse in the months ahead, and there is no “silver bullet” on the horizon which is going to magically solve our problems. The refineries that we need are not being built and the drilling that needs to be done is not really happening. Of course energy supplies are getting tighter and tighter all over the globe, and things will go to an entirely new level once the next major war starts.

Needless to say, things are bad enough already. On Sunday, the average price of a gallon of gasoline in the United States set a brand new all-time record high of $4.61 a gallon…"Gas prices in the US soared to record heights again Sunday, reaching an all-time high of $4.61 per gallon."

The number is more than 50 percent higher than the cost of a gallon a year ago. It comes as gas prices have continued to climb during Joe Biden’s presidency, and as millions of Americans were poised to travel by road for Memorial Day weekend. A 50 percent increase in just one year. Just think about that. To my knowledge, we have never seen anything like this before.

If you can believe it, the average price of a gallon of gasoline has jumped 25 cents over the past six weeks. That is crazy, but we are being warned to expect significantly higher prices “by the end of the summer”… "Experts say that number will likely surpass the $6 mark by the end of the summer – as pump costs in West Coast cities such as Los Angeles and San Francisco already meeting that mark earlier this month."

I still remember when I could get 20 gallons of gas for 20 dollars. Soon, 20 gallons of gas will cost all of us 120 dollars. Who can afford that?

The price of diesel has been increasing at an even faster pace. In fact, it has risen a staggering 75 percent since last Memorial Day… "Diesel prices are up as well – by a whopping 75 percent from Memorial Day last year – at around $5.50 a gallon, also an all-time record. The rising cost of the fuel – commonly used by truckers for their rigs – has further hampered America’s embattled economy, driving up prices of good being transported cross-country by truckers, who are now electing for shorter routes due to the ‘unprecedented’ increase. ‘I can pretty much count on setting on fire $5-$700 a day…minimum,’ 22-wheel driver Eric Jammer told NPR Saturday of the rise in diesel costs seen over the past 12 months."

The trucks and trains that bring our goods to the stores run on diesel. Diesel is only going to get more expensive from here, and America’s companies are going to pass those costs along to the consumers. Yes, that will be quite painful.

Thanks to the soaring cost of fuel, airline fares are also shooting up dramatically…"Domestic airline fares for summer are averaging more than $400 for a round trip, 24 percent percent higher than this time in 2019, before the pandemic, and a full 45 percent higher than a year ago, according to travel-data firm Hopper." One survey that was conducted just a few days ago found that approximately a third of all Americans say that their travel plans for Memorial Day were affected by high energy prices.

Joe Biden promised to do all that he could to drive down gasoline prices, and in order to try to keep that promise he foolishly took enormous amounts of fuel out of our strategic reserve. Obviously that didn’t work, and now we are being told that Biden is running out of options…"President Joe Biden has vowed to do everything in his power to fight record-setting gasoline and diesel prices, but he’s up against a stark reality: There are few options for taming the surge.

While Biden has unleashed an unprecedented amount of oil from the US Strategic Petroleum Reserve, other tools at the administration’s disposal would come at the expense of environmental protection and have little effect on fuel costs stoked by strained crude supplies and a global shortage of refining capacity. And the one sure-fire fix - for Americans to stop driving so much - is largely outside his control."

In case you haven’t figured it out by now, Joe Biden is not going to save us from this crisis. In the short-term, nobody is going to save us from this crisis. We need more refineries, we need more drilling, and ultimately we are going to need some major technological breakthroughs because the way that we are currently doing things is not even close to sustainable.

On top of everything else, our rapidly aging power grids were never designed to handle so much demand. According to CBS News, we could potentially be facing widespread outages during the summer of 2022…"In its annual summer assessment released this week, the North American Electric Reliability Corporation noted that the Upper Midwest is facing a capacity shortfall leading to a “high risk of energy emergencies.” The entire Western U.S. also could face a power outage emergency in the event of spikes in energy use. “We’ve been doing this for close to 30 years. This is probably one of the grimmest pictures we’ve painted in a while,” John Moura, NERC’s director of reliability assessment and performance analysis, told CBS MoneyWatch."

What will you do if the power in your area goes out for an extended period of time? We all know that California has been experiencing problems for years, but in 2022 we are being told that the middle of the nation is actually at greatest risk…"In a large swath of the grid stretching from Illinois to Minnesota, the summer’s power demands are projected to exceed the grid’s capacity. That’s because this area of the grid - known as the Midcontinent Independent System Operator, or MISO - has lost about 2% of its generation capacity since last year as plants have retired; a key transmission line is also down for maintenance."

Perhaps you think that my headline is a little too dramatic. Perhaps you do not yet believe that we are facing the worst energy crisis in U.S. history. If that is the case, give it a few months. By the end of the summer, I think that everyone will understand that we truly have entered a nightmare with no end in sight."

Bill Bonner, "Tilting at Windmills

"Tilting at Windmills
Circular thinking on how to ruin a perfectly imperfect economy.
by Bill Bonner

"You cannot step into the same river twice, 
for other waters are continually flowing on."
~ Heraclitus

Geneva, Switzerland - "Herewith… a rumination on why the economy cannot recover from the damage inflicted since 2008.

We drove back up to Paris on Saturday… Almost immediately, our rental car began scolding us about our speed, crossing the white line, following too close and so forth. This electronic back seat driving is completely unnecessary. That’s what we have wives for. Then, stopping at a roadside restaurant for breakfast, we were disappointed to find it had no orange juice on the menu. “We haven’t gotten a delivery of oranges in weeks,” the young woman explained. “What…they grow oranges in the Ukraine, too?” The girl laughed. But we all know that the Ukraine is the new Covid – it explains everything.

All-Time Gas High: Maybe US gasoline comes from the Ukraine too. CBS News Los Angeles reports: "Gas prices in Los Angeles have yet again reached an all-time high, just as 3.1 million Southern Californians were expected to hit the roads and skies over the extended Memorial Day Weekend. As the number of travelers rose, so did gas prices and cost of travel, as Los Angeles experienced it's fifth-consecutive day of increasing gas prices, reaching a record $6.16 per gallon – up nearly two dollars from the previous Memorial Day record of $4.29 in 2012. One gas station in Beverly Grove displayed an astounding $7.49 per gallon of regular unleaded gas."

In the past, we looked forward to a drive in France. The countryside is beautiful… punctuated by fascinating castles and picturesque towns. But today, the view is effaced by monsters – huge ‘eoliennes’ – wind turbines, hundreds of them. You look over a charmingly bucolic scene… and there they are… menacing… like an army of giant robot warriors from outer space, with their deadly blades slicing the air, ready to do battle with all things human.

The turbines are supposed to generate electricity. But many of them were idle. Do they do more harm than good? Do they make the planet worse, not better, by ruining the sweet landscapes that have charmed artists and tourists for generations? Are they like face masks… a sign of mindless obedience, destroying the beauty of France in order to appease the Green Gods?

Once in Paris, we returned the car to Hertz and then went for lunch at ‘Le Train Bleu,’ an iconic restaurant in the Gare de Lyon. The décor is rich and voluptuous… with ornate, gilded moldings and bare-breasted women sculpted on the walls. It was built for the Paris Exposition of 1900 and takes its name from the famous “Blue Train” that took travelers from the chilly English Channel all the way to the Mediterranean. Large paintings still recall the cities served by the train and the warm glory of the South of France in the 19th century.
(Le Train Bleu in Gare de Lyon. Source: Getty Images)

Today, the Gare de Lyon serves Provence, and carries passengers to Lyon, Marseilles, Grenoble, Cannes… and of course Geneva. And the restaurant, in the train station itself, celebrates not only the technological progress of the Third Republique… but the sumptuous ebullience of the Belle Epoque, too.

Crazier and Crazier: Our son, Henry, lives in Paris; he joined us for lunch and brought us up-to-date on France’s situation. “Crazier and crazier;” he gave us his conclusion first. Speaking of France’s ruling class: “They’re not quite as obsessed by things like race and gender. But when it comes to the Green Agenda, the door falls off the hinges. That’s why you see those wind turbines all over the country. The goal is to keep the planet from heating up. Are they effective? I don’t know. But temperature is not the only thing that matters. France used to be beautiful. Now, practically everywhere you look you see those ugly windmills.

Since the power they generate is not really commercially viable, they’re subsidized… which takes capital away from other investments. And since the wind is unreliable, you still need traditional back-up power sources. So when you figure it all out… and add in all the fossil fuel required to make the steel and the concrete, and the environmental damage of having to look at those things, it is not at all certain that you’re ahead of the game.

But that’s just a part of the Green Agenda. Now they’ve got a new law that makes it illegal to throw anything away. It’s part of what they call a ‘circular economy.’ Everything is supposed to be recycled. So, businesses can’t write off unsold inventory, for example. And supermarkets aren’t allowed to throw away food.”

France’s leaders, probably more than those in the US, are technocrats. They do not represent ‘the people’ nor do their bidding. Instead, they believe they are like Moses, leading ‘the people’ to a better world. Henry studied physics in college; he continued: “The idea of the circular economy probably comes from a mistaken reading of the first law of thermodynamics – the conservation of energy. It tells us that the sum of energy in a closed system is constant. It takes energy to make something. So they think you can get the energy back by un-making it. Or save the energy by not making it. But that’s not the way it works. There are a lot of things that go only one way. You can wreck a car. But you can’t un-wreck it. There’s no circularity to it. It’s the end of the line. All you can do is to salvage a few pieces.”

The Ultimate One-Way Road: The same is true for a human life, we thought to ourselves. It only goes one way. And when it comes to the end, you might be able to recycle a few organs, but once the spark of life is gone, you can’t bring the corpse back to life by reassembling the body parts. Time, too, is the ultimate one-way road. You can’t save it. And there’s no backing up. No pausing. No recovering the past. You step into the river only once.

“You use a lot of resources, time, and energy to build a windmill. Of course, you can take it apart. You can break up the concrete foundation, for example. But you can’t just add water and make a new one. Concrete is a one-way phenomenon. As for the rest of it, you’ll just get a lot of scrap steel, plastic, and copper. They can be recycled, but it will cost more – in energy and CO2 emissions – than starting from scratch.

“Same is true for an economy. You can slow it down. You can distort it. You can take it apart. But then, you can’t put the parts back together the way they were. Companies go out of business. Skills are lost. Workers retire… or don’t want to come back to the office. Time can’t be recovered. And capital does not reappear after you wasted it. It’s gone forever.

And who wants to build a new factory if they have to worry that it will be shut down by a new virus? Who wants to buy a bond yielding 3% when the dollar is losing 8% per year? Who’s going to plant more corn when he can’t get parts for his tractor? An economy takes all the ‘knowns’ into account – including the damage that you caused.  It’s a new river, in other words. Like a husband and wife after one has been caught cheating, the marriage can go forward… but it can never go back to what it was."