StatCounter

Thursday, June 2, 2022

"A Look to the Heavens"

“Will the spider ever catch the fly? Not if both are large emission nebulas toward the constellation of the Charioteer (Auriga). The spider-shaped gas cloud on the left is actually an emission nebula labelled IC 417, while the smaller fly-shaped cloud on the right is dubbed NGC 1931 and is both an emission nebula and a reflection nebula.
About 10,000 light-years distant, both nebulas harbor young, open star clusters. For scale, the more compact NGC 1931 (Fly) is about 10 light-years across.”
" I do not question the presence of intelligent life on other planets;
 but I do question its existence on this one."
- Dr. Ivan Desantis

"That's Why..."

"That's why crazy people are so dangerous.
You think they're nice until they're chaining you up in the garage."
- Michael Buckley

"No Ways Tired in A Sea of Lies"

"No Ways Tired in A Sea of Lies"
by Chris Floyd

"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies. One of the hardest things to accept is that the reality of our world is buried under so many layers of official deception and well-cultivated public ignorance about our history and our political system. Even if you break through somehow, momentarily, and hold up a fragment of the truth, most people have no context for dealing with it. It's like a bolt from the blue, they can't process the information. And so the sea of lies closes over us again, and again, and again. And yet the reality of our future appears on the horizon, denial be damned, an irresistible tsunami of destruction, changing all our lives forever.

These are the facts, and they can't be altered. But how to respond to this catastrophe? Shall we weep, moan, rend our garments, cover ourselves with sackcloth and ashes? Shall we sit upon the ground and tell sad stories of the death of republics? Shall we cower in the shadows and sing glamorous dirges for the Lost Cause, for vanished glories and broken dreams?

Or shall we come out fighting, unbowed, heads high, laughing fools to scorn, rejecting at every turn the moral authority of murderers and thieves to rule our lives, determine our reality, act in our name? Let's dispense with lamentation - give not a single moment to that emotional indulgence - and get right back to work, more determined than ever to bear down harder, dig deeper and excavate the radioactive nuggets of truth still glowing beneath the slag-heap of ruin.

Let's fight, let's reject, let's resist - without violence, the weapon of the stupid, the hormonal secretion of evolutionary backsliders in thrall to the chemical soup in their heads, dull primitives dressing up their ape-lust for power with scraps of religion, philosophy and cant. Let's fight these pathetic, malfunctioning wretches who lay their hands on our world and rape it like beasts in a mindless rut. Fight them with the truths we find, exposing their crimes and deadly hypocrisies to the people they've suckered, perverted and betrayed.

This is not an insurmountable task, no matter how impervious the Machine - that monstrous conglomeration of judicial bagmen, Congressional rubber stamps, psychopathic media moguls, dopehead radio ranters, sex-crazed theocrats, war profiteers, think-tank bleaters, Wall Street sharks, oilmen, Moonies, and woman-haters - might appear at the moment.

I don't know what else we can do, except to keep on telling as much of the truth as we can find, to anyone who will listen: reclaiming reality, fragment by fragment, one person at a time. It's an endless task- maybe a hopeless task- but the alternative is a surrender to the worst elements in our society- and in ourselves. It's worth the fight. Let's take it on. In the words of the old spiritual, let us be in no ways tired. The road back to sanity starts now."

"No Power, No Food, No Water, No Gas - Let’s Party"

Full screen recommended.
Dan, iAllegedly 6/2/22:
"No Power, No Food, No Water, No Gas - Let’s Party"
"The news could not be more dismal today. This is tied up as we enter a season where there will be no power, no food, no water and no gas. People need to realize how bad this is going to get globally. I think it’s time to schedule a good party."

Bill Bonner, "Force and Chicanery"

"Force and Chicanery"
How the elite misgovern the world, one sneaky lie at a time...
by Bill Bonner

Youghal, Ireland - "A quick word of warning. Yesterday was the day the Fed began “running off” its balance sheet. That means it is no longer buying bonds. MarketWatch: "In a nutshell, “quantitative tightening” is the opposite of “quantitative easing”: It’s basically a way to reduce the money supply floating around in the economy. It’s seen as likely to drive up real or inflation-adjusted yields, which in turn makes stocks somewhat less attractive. And it should put upward pressure on Treasury term premia, or the compensation investors need for bearing interest-rate risks over the life of a bond."

It was the Fed’s quantitative easing that ballooned its balance sheet and set the stock market to dancing. Now, colleague Tom Dyson believes quantitative tightening – not the Fed’s baby step rate hikes – will bring the party to an end. Most likely, we’ll see some scary and exciting days on Wall Street as tipsy revelers find their cars, head out onto the highway, and end up in a ditch.

But we left you hanging yesterday, didn’t we? You wanted to know how ‘the law’ could end up on the wrong side of ‘the people,’ didn’t you? You probably also wondered what damned difference it makes. We’re not interested in political philosophy either. We’re just connecting the dots to get a clearer idea of what’s ahead. We look at one… and then another. Gradually… then suddenly… a picture appears.

Decree and Flimflam: For example, yesterday came word of a new “law” – actually, a whole set of regulations, edicts, and proclamations. Reuters: "The Biden administration will announce on Wednesday more than $2.1 billion in funding to shore up weaknesses in the country's food supply system exposed during the COVID-19 pandemic and the aftermath of the Russian invasion of Ukraine. U.S. Agriculture Secretary Tom Vilsack will unveil the new funding, designed to enhance competition in food processing and distribution, increase access to healthy food, and expand markets for farmers, during a speech at Georgetown University."

Translation: Mr. Vilsack, whose department grows no grains, delivers no milk, and neither sows nor reaps, will take $2.1 billion from ‘the people’ who do and distribute it to his pet projects, friends, favored clients… and other well-lobbied insiders. The result: farmers and the public will be poorer… and less able to buy food.

That is how the ruling elite rolls – by decree and flimflam. And it’s why their new ‘laws’ are almost always on the wrong side of the people they’re supposed to serve. Unlike the consensual ‘rules of the road,’ the new laws do not make it easier for ‘the people’ to get where they want to go. Instead, they force them to detour in a different direction.

Jumping to a conclusion, here’s what we see: the entire, global ruling caste, led by the upper 0.001% who gather at Davos, Switzerland, is like a group heirs to a vast fortune who have no idea how the money was made. Just look at America’s jefes. Most have spent their whole lives in politics. Now they appear to be almost preternaturally dumb, with a stupidity that is somewhere between sublime and miraculous. Ms. Yellen didn’t see the price increases coming – even though she is a Ph.D. economist; she thought inflation was too low. How was that possible?

The president’s ‘sanctions war’ against Russia is undermining the dollar-based world financial system, raising prices of food and energy, risking nuclear war and threatening millions with famine. (Admittedly, Joe “the Big Guy” Biden knows much more about the Ukraine than we do; his family earned big money from Ukrainian payoffs.)

“The People”: And the US Congress voted overwhelmingly – with no debate! – to give $40 billion to the Ukraine, even though it has no dog in the fight and no money to give to anyone. Didn’t Congress know that ‘the people’ have no interest in who misgoverns the Donbass? And didn’t Ms. Yellen tell them that the money is needed at home? Washington Examiner: "New budget numbers show the US careening toward calamity. The Center for a Responsible Federal Budget, a respected nonpartisan group, reminded us yet again Tuesday that federal spending plans and debt levels are unsustainable. Lawmakers should get serious about debt reduction now - before it’s too late.

Counting only debt held by the public - which is some 20% lower than total government debt, including intra-governmental transfers - CRFB says that absent strong corrective action, the federal debt is likely to reach 125% of gross domestic product within a decade. Most nations are in a serious danger zone for economic collapse when debt exceeds 100% of GDP."

Where did all that debt come from? Since 1999, the feds have made $25 trillion in new “investments” (the increase in Federal debt); nearly every penny has been lost.

They promised that debt and money-printing would stimulate the economy; instead, real wages are falling… and the economy staggers from one crisis to the next.

They promised more equality; instead, the rich are richer than ever and the gap between rich and poor has grown much wider.

They promised peace and security; instead, they’ve entered one pointless war after another… including risking a nuclear war with Russia.

And now their inflation tax makes almost everyone poorer and brings millions more of the world’s poorest people to the edge of starvation.

So, what do they do? Admit failure and retire? Send out a confessional tweet? “Alas, you can’t make people better off by tricking-up an economy with phony money and fake interest rates. Or by bossing them around with laws and edicts. Sorry.” Nah… they never do that.

Instead, they double down. They get tough. They find new enemies. Russians! White Supremacists! Climate change deniers! They use propaganda and censorship to build support… and advertise their own corruption as virtue. After all, they’re fighting for democracy, for equality, for zero carbon emissions and a virus-free world! And when B.S. fails, they turn to brute force to stay in control.

But force and chicanery are enemies of wealth. The more the elite tries to control ‘the people,’ the less real wealth they produce. Hold onto your hat. Tomorrow as we connect more dots… and look ahead to poverty, chaos, crime and the decline of western civilization. Whee!"
"Joel’s Note: As for that $40 billion of money the US government didn’t have to give… but gave anyway, here’s Dan Denning with an unfashionably traditionalist adherence to legislative due process… “The [$40 billion Ukraine] bill was introduced and passed in the House all in one day. Bills are normally referred to a committee which has jurisdiction over the subject matter. There they are debated, amended, modified, and voted on and passed to the full House for further consideration.

That didn't happen here. It's doubtful most Members even read the bill. And they certainly didn't debate it. The Rules Committee is one of those committees few people know about. But it decides how long and in what way each Bill can be debated when it reaches the floor of the House. You can't offer amendments from the floor. And this bill was debated for exactly one hour.

Obviously the gears of the Executive Branch and the Federal government grind exceedingly fine. They had no trouble itemizing how to spend $40 billion in taxpayer money on connecting Ukraine's electric grid with Europe’s. Or just on all the oversight jobs required to make sure all that money goes into the right hands/pockets.

It's hard to believe we pay people to go to Congress and make laws like this. The old adage is that it would be better to randomly pick people out of the phone book (if they still have those) and send them to Washington instead. Remember that story where Caligula planned to make his horse a Consul? We've got 435 horses asses (more or less) running the House. And 100 jackasses in the Senate.”

The Poet: Robinson Jeffers, “Be Angry at the Sun”

“Be Angry at the Sun”

“That public men publish falsehoods
Is nothing new. That America must accept,
Like the historical republics corruption and empire
Has been known for years.
Be angry at the sun for setting
If these things anger you. 
Watch the wheel slope and turn,
They are all bound on the wheel, these people,
Those warriors,
This republic, Europe, Asia.
Observe them gesticulating,
Observe them going down. The gang serves lies,
the passionate Man plays his part; 
the cold passion for truth
Hunts in no pack.
You are not Catullus, you know,
To lampoon these crude sketches of Caesar. You are far
From Dante’s feet, but even farther from his dirty
Political hatreds.
Let boys want pleasure, and men
Struggle for power, and women perhaps for fame,
And the servile to serve a Leader and dupes
to be duped.
Yours is not theirs.”

- Robinson Jeffers, 1941

"I Assure You..."

"You may wonder about long-term solutions. I assure you, there are none. All wounds are mortal. Take what's given. You sometimes get a little slack in the rope but the rope always has an end. So what? Bless the slack and don't waste your breath cursing the drop. A grateful heart knows that in the end we all swing."
- Stephen King

“Complexity Theory: the Avalanche and the Snowflake”

“Complexity Theory: the Avalanche and the Snowflake”
by Jim Rickards

“One of my favorites is what I call ‘the avalanche and the snowflake’. It’s a metaphor for the way the science actually works, but I should be clear: it’s not just a metaphor. The science, the mathematics and the dynamics are actually the same as those that exist in financial markets.

Imagine you’re on a mountainside. You can see a snowpack building up on the ridgeline while it continues snowing. You can tell just by looking at the scene that there’s danger of an avalanche. It’s windswept… it’s unstable… and if you’re an expert, you know it’s going to collapse and kill skiers and wipe out the village below. You see a snowflake fall from the sky onto the snowpack. It disturbs a few other snowflakes that lie there. Then, the snow starts to spread… then it starts to slide… then it gains momentum until, finally, it comes loose and the whole mountain comes down and buries the village.

Question: What do you blame? Do you blame the snowflake, or do you blame the unstable pack of snow? I say the snowflake’s irrelevant. If it wasn’t the one snowflake that caused the avalanche, it could have been the one before, or the one after, or the one tomorrow. The instability of the system as a whole was the problem. So when I think about the risks in the financial system, I don’t focus on the ‘snowflake’ that will cause problems. The trigger doesn’t matter.

A snowflake that falls harmlessly – the vast majority of all snowflakes – technically fails to start a chain reaction. Once a chain reaction begins, it expands exponentially, can ‘go critical’ (as in an atomic bomb) and release enough energy to destroy a city. However, most neutrons do not start nuclear chain reactions, just as most snowflakes do not start avalanches.

In the end, it’s not about the snowflakes or neutrons. It’s about the initial critical state conditions that allow the possibility of a chain reaction or an avalanche. These can be hypothesized and observed at large scale, but the exact moment the chain reaction begins cannot be observed. That’s because it happens on a minute scale relative to the system. This is why some people refer to these snowflakes as ‘black swans’, because they are unexpected and come by surprise. But they’re actually not a surprise if you understand the system’s dynamics and can estimate the system scale.

It’s a metaphor, but really the mathematics behind it are the same. Financial markets today are huge, unstable mountains of snow waiting to collapse. You see it in the gross notional value of derivatives. There is $700 trillion worth of swaps. ($2.5 Quadrillion by other reputable estimates. – CP) These are derivatives off balance sheet, hidden liabilities in the banking system of the world. These numbers are not made up. Just go to the IS annual report and it’s right there in the footnote.

Well, how do you put $700 trillion into perspective? It’s ten times global GDP. Take all the goods and services in the entire world for an entire year. That’s about $70 trillion when you add it all up. Well, take ten times that, and that’s how big the snow pile is. And that’s the avalanche that’s waiting to come down.”

"She’s Gonna Blow: It’s Weimar, But Where Is Our Adolf?"

"She’s Gonna Blow: 
It’s Weimar, But Where Is Our Adolf?"
by Fred Reed

"As the sentient have presumably noticed, the United States is in crisis, the country’s problems are profound, intrinsic, without solution, and worsening. When a population reaches the point of despair, even desperation, when it sees a darkening future for itself and its children, people yearn for a strong man who will forcibly put things right. Yet it is unlikely that helicopters of Marines from Quantico will descend on the White House and announce the dictatorship of some general. Military officers are too well paid and comfortable to worry about the country. It is hard to imagine an American Mussolini. Trump is a caricature and no one else comes to mind. Yet “unrest” - less euphemistically, “chaos” on the order of Mr. Floyd’s massive riots, is possible. We have seen it. We can see it again.

Consider America today. By comparison with Japan, China, Korea, it is a barbarity, a dumpster, an asylum, an abattoir, an astonishment. San Francisco loses conventions because of needles and excrement on the sidewalks. Almost weekly we see multiple shootings in stores, high schools and, now, grade schools. Murders of whites by blacks run at thirty a month, the news being suppressed. In cities across the country crime is out of control, the tax bases moving out, bail abolished so criminals are freed in hours. stores leave to escape undiscouraged shoplifting and robbery. Seven hundred homicides a year in Chicago, 300 in Baltimore, and at least twice as many shot but survive, similar numbers in a dozen cities. For practical purposes law does not exists in these ungovernable enclaves. 

Sexual curiosities, once called perversions, flourish with American embassies hoisting flags in support of transsexualism Mobs topple historical statues. Many tens of thousands live on sidewalks and a hundred thousand a year die of opioid overdoses. The country drops math requirements and English grammar in schools, AP courses, and SATs as racist. The economy declines, jobs have left for other climes, medical care in beyond most people’s means, government is corrupt and incompetent, and wars are unending. There is actual hatred between racial, political, and regional groups. Ominously, gun sales are up.

How is this going to end well? How did we get here? America has never been a nation in the correct sense of the word, a people sharing values, language, a culture. Rather it has been, and is, a collection of peoples having little and common and, often disliking each other. West Virginia has nothing in common with Massachusetts which has nothing in common with the Deep South which has nothing in common with coastal California which has nothing in common with Cavalier Virginia which has nothing in common with Latinos who have nothing in common with blacks.

Until perhaps the early Sixties, the regions got along with each other reasonably well because there was little communication between them. Roads were poor, the internet was not even on the horizon. Radio stations and newspapers were local, reflecting the surrounding culture and taste. The central government was remote and had little influence locally. Each region lived as it wished.

Providing a degree of commonalty was that the country was overwhelmingly white, European, Anglophone and, at least nominally, Christian. It was socially conservative, largely consisting of small towns. The resulting culture was unsophisticated but civilized. In the suburbs of Washington (I was there) you really could leave your bike anywhere and it would be there when you came back. In summer children really could play great sprawling multiblock games of hide-and-seek after dark and no one worried. In high school in rural Virginia (I was there too) the boys had guns for hunting deer and shooting varmints in the bean fields and you could leave your .410 in the back seat of your jalopy in the school’s parking lot. Nobody thought of shooting anyone. It wasn’t in the culture. If a thing isn’t in the culture, it doesn’t happen. You don’t need policemen. The boys didn’t use bad language around the girls or vice versal and nobody even thought of disrespect to teachers. There were class clowns (I may know somewhat of this), but no real misbehavior. It wasn’t in white, technically Christian, semi-rural culture.

Then many things happened. In no particular order: The reach of the federal government grew and grew. Washington, which had been a distant city concerning itself with foreign policy and the economy, could now impose its values on remote society. It did.

Washington discovered the “separation of church and state,” which had lain unnoticed in the Constitution since 1789. In regions of deep religiousness, it became illegal to recite the Lord’s prayer, to have creches on the town square at Christmas, or two sing carols on the public streets. It had nothing to do with meticulous adherence to the Constitution, but everything to do with the discovery by angry minorities that they could impose on majorities. In short, like many movements to come, it was a revenge operation. It has become a de facto program of de-Cristinization, weakening a source of social cohesion and leading to anger.

The federal government began to dictate what could be taught in local schools. Teachers were forbidden to mention Creationism because a judge in Philadelphia, who appeared to have the scientific grasp of a potato chip, said this transgressed the doctrine of separation. The decision had little practical relevance as there was no likelihood that hearing of Genesis would turn students away from the study of biochemistry. It was, however, an early manifestation of class snobbery against what was seen as primitive Christianity that would later coalesce into hostility toward the Deplorables.

Remote anonymous committees in New York wrote highly ideological textbooks imposed on distant states which did not share those ideologies. The effectiveness of this relied on the principle that outraged parents in Arkansas would have no idea how to oppose distant bureaucracies of whose existence they were unaware and whose phone numbers they could not find. American government is democratic while not allowing the people to exercise power. It is a brilliant system, until it explodes.

Compulsory racial integration, as distinct from desegregation, was an untarnished disaster. Few wanted it, and few want it. The people who imposed it did not, and do not, send their children to black schools. The races transparently do not want to live together. If blacks move into white neighborhoods, “white flight” occurs and if whites move into black neighborhoods, blacks furiously complain of gentrification.

When two cultures have utterly different views of acceptable language, dress, behavior, study, and curricula, mixing them does not work. In the schools, academic standards fell. Discipline became a problem. Across America, cities burned because of conflict between black populations and white police. Eurowhite culture, it turned out, was incompatible with Negro culture. The potential for yet greater disaster seems great, and no one has a solution. There probably isn’t a solution.

The Constitution, which once provided political stability withered, being ignored or interpreted into unrecognizability by judges or made irrelevant by changes in technology and society. Freedom of speech, which meant that I could say that the President was a fool and should be removed from office, became freedom of expression, meaning that porn sites, accessible to children of nine years, could upload videos of a German Shepherd copulating with a beautiful blonde tied down to a bed. Some doubted that the writers of the Constitution had this in mind when providing the Bill of Rights, but none could gainsay the Supreme Court or the federal power.

The behemoths of the electronic media imposed political censorship. Being private enterprises, they could not be disciplined. They became more and more an arm of the central government, which became more and more the property of the Northeastern coastal elites. Entities with names like Google, Twitter, and Facebook cleansed themselves of content thought inappropriate, websites delisted, credit card accounts closed. People disappeared by the electronic media were almost as disappeared as those disappeared in Latin America, though less bloodily. The intention and effect are the same.

An unexpected effect of censorship was that those doing the censoring also censored themselves. The media, talking to each other, reading each other, having no contact with or interest in the silenced and deplorable, had no idea of the anger out there. This brought us Floyd and Trump as deep wells of undetected anger exploded. The media are doing it again.

The current regime in Washington appears deliberately and intensely divisive. Biden has attacked the South, supporting renaming of military bases in deliberate affront. A thorough racist, he frequently denounces whites. He denounces Trump and his supporters, nearly half of America. He has ostentatiously chosen black women as justice of the Supreme Court, member of Federal Reserve, Vice President, and White House spokeswoman. While these may or may not be competent, he announced them as diversity hires. He is poised to assault owners of guns, sure to provoke fury, has involved America in another war, and wants a federal Ministry of Truth to prohibit ideas he doesn’t like. Profoundly partisan, he makes no attempt to calm things or promote tranquility.

The universality of the internet made difficult or impossible the maintenance of distinct values or mores. It became impossible for the cultivated to inculcate in their children manners, good English, and appreciation of learning when the electronics bathed them in not only the traditionally low culture of America but also the anticivilization of the ghetto. America undergoes both enforced peasantrification and homogenization. Anger grows.

Congress and the Constitution largely ceased to function, leaving Presidents to rule by executive order, this not being entirely distinguishable from dictatorship. This included the making of war, which became both common and beyond public influence. The legislature no longer governed but was the storefront for special interests of immense power. There remained no body interested in the wellbeing of the country. This led to offshoring of jobs, poverty in Appalachia, the Rust Belt and rural Deep South, the impoverishing influx of cheap Mexican labor, Donald Trump, and intense regional hatred. Here we are.

This can’t last. The hatreds are intense, the guns everywhere, anger growing at crime, something akin to economic desperation appearing. Washington will leave nowhere alone, will not address national problems, will always give priority to its military, its wars and its empire over domestic needs. The hostility that fueled the Floyd riots, the burning cities, the looting and vengeful vandalism, are still there. She’s going to blow. Watch."

"A Sad Fact..."

"A sad fact, of course, about adult life is that you see the very things you'll never adapt to coming toward you on the horizon. You see them as the problems they are, you worry like hell about them, you make provisions, take precautions, fashion adjustments; you tell yourself you'll have to change your way of doing things. Only you don't. You can't. Somehow it's already too late. And maybe it's even worse than that: maybe the thing you see coming from far away is not the real thing, the thing that scares you, but its aftermath. And what you've feared will happen has already taken place. This is similar in spirit to the realization that all the great new advances of medical science will have no benefit for us at all, thought we cheer them on, hope a vaccine might be ready in time, think things could still get better. Only it's too late there too. And in that very way our life gets over before we know it. We miss it. And like the poet said: The ways we miss our lives are life."
- Richard Ford

The Daily "Near You?"

Delaware, Ohio, USA. Thanks for stopping by!

"What If..."

"What if when you die they ask, "How was Heaven?"
~ Author Unknown

A truly terrifying thought...

Gregory Mannarino, "Keep Your Eyes On The Debt Market! It's A Ticking Time Bomb!"

Gregory Mannarino, AM 6/2/22:
"Keep Your Eyes On The Debt Market! It's A Ticking Time Bomb!"

"Now Even The Elite Are Openly Admitting That America Is Facing An Absolutely Enormous Economic Crisis"

"Now Even The Elite Are Openly Admitting That America
 Is Facing An Absolutely Enormous Economic Crisis"
by Michael Snyder

"Not too long ago, the elite were trying to put a happy face on our growing economic problems. It was obvious that things were trending in a very alarming direction, but they kept assuring us that any bumps in the road were just temporary and that a new golden age of prosperity was just around the corner. Needless to say, there were dead wrong, and now some of them are publicly admitting the truth. For example, JPMorgan Chase CEO Jamie Dimon just publicly stated that an economic “hurricane” is rapidly approaching…

"Jamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic “hurricane” caused by the war in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve. “Right now it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this,” Dimon said at a Bernstein conference. “That hurricane is right out there down the road coming our way.”

JPMorgan Chase is one of the most important financial institutions in the entire world. So it is a really big thing for Dimon to make a statement like this. Of course he is right on target. An economic hurricane is coming, and it is going to be far more horrible than most Americans could possibly imagine right now.

Treasury Secretary Janet Yellen also just said something that is making a lot of headlines. Last year she insisted that high inflation would just be “transitory”, but now she is openly admitting that she “was wrong”… “I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy […] that I, at the time, didn’t fully understand.”

.@SecYellen on inflation being transitory: “I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy […] that I, at the time, didn’t fully understand.” https://t.co/AlrXn4kT0r pic.twitter.com/9tqxo0iA3B
— The Hill (@thehill) June 1, 2022

It isn’t exactly a surprise that she turned out to be completely wrong about high inflation being transitory. We knew that she was wrong when she said it. But I will give her credit for publicly admitting a mistake. Many in Washington will never do such a thing under any circumstances.

At this point, it should be obvious to everyone that we are in the midst of an absolutely horrifying inflation crisis. On Wednesday, the average price of a gallon of gasoline in the United States jumped another nickel to $4.67. But the real story is the crazy prices that we are starting to see out on the west coast. For instance, one gas station in Los Angeles is now charging more than 8 dollars a gallon for regular gasoline…

"A Chevron station in downtown Los Angeles on the corner of Alameda Street and Cesar E. Chavez Avenue is charging customers over $8 for regular gasoline causing some locals to complain about price gouging, KTTV Los Angeles reported on Tuesday. In a statement to KTTV, Chevron pointed out that the majority of its California branded stations are independently owned and that “unique” factors are contributing to gas prices in the Golden State."

How soon will we see someone break the 10 dollar a gallon threshold? Will it be by the end of the summer? In some cities, the price of a gallon of gasoline is already higher than the hourly minimum wage. That is nuts!

Of course diesel prices have been rising even faster, and this is putting a tremendous amount of financial strain on America’s farmers. If you doubt this, just check out what Texas Agriculture Commissioner Sid Miller just told Maria Bartiromo…"When Bartiromo noted “filling a tractor daily now costs farmers $1,000 – twice what it was a year ago,” Miller responded, “it’s through the roof, but it’s not just diesel. It’s fertilizer prices. It’s parts. We can’t get new tractors, new combines. We can’t get new tillage equipment,” he stressed. “So we have to keep running our older equipment, which we can’t get parts for. And so it’s just a whole comedy of errors, and it just multiplies on top of itself.”

When costs go up for farmers, they inevitably get passed on to consumers. And we have already been seeing food prices spike dramatically. Just check out these numbers from April…"Food grains - including corn and wheat - were up 2.8 percent for the month and 45 percent compared with a year ago. Feed grain prices increased 7.8 percent from the prior month and 33 percent from a year ago.

The poultry and egg index jumped 22 percent from March and 94 percent from a year earlier. The April market egg price, at $2.21 per dozen, is 81.0 cents higher than March and $1.64 higher than April 2021. The price of chickens raised for meat, at $1.05 per pound, is 15.3 cents higher than March and 49.7 cents higher than a year ago. At 95.3 cents per pound, the April turkey price is 2.5 cents higher than the previous month and 18.5 cents higher than April 2021. Milk prices climbed 4.12 percent in April and are up 47 percent compared with a year earlier."

In the entire history of our nation, we have never seen anything like this. But as I keep warning my readers, this is just the beginning. In fact, one prominent Texas farmer is warning that food prices “are going to double”…“People don’t realize what’s fixing to hit them,” said Texas farmer Lynn “Bugsy” Allen. “They think it’s tough right now, you give it until October. Food prices are going to double.”

Can you imagine that? Can you imagine what it will do to our country if food prices double from their already extremely inflated levels? People will go absolutely bananas. But this is exactly the type of scenario that I have been warning about for years. Eventually, food will become such a prime target for thieves that we will actually see armed guards escorting grocery store delivery trucks. And civil unrest will erupt all over the planet as millions upon millions of poor people get hungrier and hungrier.

Unfortunately, even though so many are now sounding the alarm, the vast majority of the population still has no idea what is coming our way." *
* Isn't it a little late in the game for this?
No point saying here it comes... it's here.
Robert Palmer, "You're Gonna Get What's Coming"

"Stocking Up At Kroger! Preparing For More Price Hikes!"

Full screen recommended.
Adventures with Danno, 6/2/22:
"Stocking Up At Kroger! Preparing For More Price Hikes!"
"In today's vlog we are at Kroger and are noticing a lot of price increases! Times are getting tough, so we are seeking out things to stock up on at Kroger. 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!"
“People don’t realize what’s fixing to hit them,” said Texas farmer Lynn “Bugsy” Allen. “They think it’s tough right now, you give it until October. Food prices are going to double.”

"How It Really Is"

 

Me too! lol

Wednesday, June 1, 2022

"Brace For Electricity Shortages That Will Scare The Living Daylights Out Of You"

Full screen recommended.
"Brace For Electricity Shortages That Will 
Scare The Living Daylights Out Of You"
by Epic Economist

"America’s energy crisis is getting worse by the day, and U.S. consumers are about to face a triple threat: simultaneous shortages of electricity, oil, and gas. The recent closure of key power plants is leaving the country without enough generation capacity ahead of the summer. At this point, rolling blackouts are already a certain fate. On top of that, national reserves of oil and gas have hit dangerously low levels, and this means Americans are not only going to pay a heavy price but also scramble to get adequate supplies of energy in the coming weeks.

On the very same day that the North American Electric Reliability Corporation (NERC) released a report warning the U.S. electric grid doesn’t have enough generation capacity and that blackouts are expected to occur all across the country this summer, an important clean energy power plant was shut down in Michigan. The Palisades Power Plant, an 811-megawatt nuclear facility was deactivated due to a mechanical problem, leaving the Midwest without critical energy supplies and at risk of “energy emergencies during peak summer conditions,” according to NERC.

Palisades was located very close to the area served by the Mid-continent Independent System Operator (MISO), the region that NERC identified as being particularly short on energy supplies. NERC noted the MISO region has 3,200 megawatts less generation capacity this summer than it did last year. In contrast, consumer demand is expected to increase by a considerable margin over the next few weeks, which led NERC to warn that “extreme temperatures, higher generation outages, or low wind conditions” will mean that the Midwest is highly susceptible to “load-shedding to maintain system reliability” — the industry’s preferred term to describe rolling blackouts.

At the moment, around 25 percent of the country’s nuclear plants are at risk of shutting down due to economic reasons, according to the DOE. Palisades was just the first one to go on a long list of planned closures. Since 2013, 12 commercial reactors have been closed — including in New York, Massachusetts, Nebraska, and Iowa — and none have opened. At least seven more have announced closure plans in the next three years, including Diablo Canyon, the last remaining nuclear power plant in California.

The closure of such plants is also going to result in higher electricity costs because generators are forced to burn more natural gas to produce more power to meet the demand, and right now gas prices are absolutely soaring. According to CNBC’s Kelly Evans the energy crisis will keep getting worse: “It’s hard to see how energy prices get back to “normal” anytime soon, and the risk of bigger price spikes and worse supply problems looms very large this summer,” Evans noted.

But it’s not only the coming power shortages that will impact consumers this summer. Fatih Birol the head of the International Energy Agency has warned that the energy crisis now underway will be far more “severe and longer-lasting than the oil price shocks of the 1970s,” since it's applying pressure on three separate fronts. "Back then it was just about oil," he said. "Now we have an oil crisis, a gas crisis and an electricity crisis simultaneously."

In short, the closure of key power plants will increase carbon emissions, reduce energy affordability, and hurt the resilience and reliability of America’s electric grid. And the lack of enough fuel reserves may result in serious disruptions that may paralyze the U.S. economy. America is facing the worst energy crisis in the modern era, and the government is whistling past the graveyard. Wise leaders would be doing everything possible to expand energy capacity, ensure reserves, and strengthen infrastructure. Alas, we do not have wise leaders. What we will have instead is soaring energy bills, absurd prices at the pump, broken supply chains, and devastating shortages in every corner of the nation."

"The New Great Depression Has Begun; They Are Going To Punish The Economy And You; Stockpile Food Now"

Jeremiah Babe, 6/1/22:
"The New Great Depression Has Begun;
They Are Going To Punish The Economy And You; Stockpile Food Now"
Related:
Excerpt: "Looming Price-Hikes On Food Set 
To Hit Americans Even Harder This Fall"
"In its effort to contain inflation, the Federal Reserve has launched what many expect to be an ongoing series of interest rate increases, which are already taking a toll on stock and housing markets, with job losses likely to follow. As weary as Americans have become from paying record high gas and grocery prices, however, another round of price hikes is making its way through the food supply chain and is expected to reach consumers this fall.

“People don’t realize what’s fixing to hit them,” said Texas farmer Lynn “Bugsy” Allen. “They think it’s tough right now, you give it until October. Food prices are going to double.”
Full article here:

"Biden’s Loose Lips May Sink Ships"

"Biden’s Loose Lips May Sink Ships"
by Jim Rickards

"In yesterday’s reckoning, I discussed the currency wars. Today, it’s back to the shooting wars. There’s already one going on in Ukraine. But did President Biden just increase the chances of another shooting war, this one with China? Let’s get started, first in Ukraine…

Russia’s assault is slow and brutal, but it is proving effective in achieving Russia’s goals. Those objectives include building a land bridge from Russian territory to Crimea (and possibly beyond to Odessa), cutting Ukraine off from access to the Sea of Azov and the Black Sea and surrounding Ukrainian troops in the east behind a wall of control that runs roughly from Kharkiv to Kherson and Mykolaiv. Once that wall of control is established, the Ukrainian army trapped behind the line will have no choice but to surrender or face annihilation.

Media Silence: It is estimated 10,000 or more Ukrainian army troops in eastern Ukraine are under Russian artillery barrage. This battle may take weeks to play out, but Russian victory is likely given the extent to which the Ukrainians are outnumbered and outgunned. If the Ukrainian forces fall, there will be little left in the east to stop a Russian consolidation that would give control of about a third of Ukraine to Russia.

This unfolding battle is not what you’ll be hearing about in legacy media outlets in the West. But don’t be lulled into false confidence by propaganda and bad reporting. Russia is winning the financial war, and they’re winning on the ground. Meanwhile, the U.S. continues to pursue a policy of escalation against Russia.

Poking the Bear Even Harder: Biden and the Pentagon seem to have no understanding of the dangers of escalation and no capacity to act with the needed restraint. We’ve seen this play out already in Ukraine where the U.S. has first supplied weapons, then money, then intelligence, then financial sanctions and more.

Russia has responded in kind with its own countersanctions and its own advanced weaponry including anti-drone missiles and precision artillery strikes. The latest move in the wrong direction comes from Biden. Biden announced Tuesday that he intends to send advanced rocket artillery systems to Ukraine. That’s a complete reversal from the day before, when he said the U.S. would not deliver the rockets to Ukraine.

The administration justified its initial refusal to send them on the grounds that Russia may perceive the move as a step too far, a serious provocation. What changed in the course of a day? Did they suddenly decide that it wasn’t that provocative after all? Regardless, this type of vacillation is indicative of a policy team that doesn’t really know what it’s doing from one day to the next.

Special Forces for Embassy Duty? The administration is also now considering sending special forces to guard the U.S. embassy in Kyiv. Special forces include units such as Delta Force, Green Berets, and Navy SEALS. U.S. embassies around the world have routinely been guarded by the U.S. Marine Corps who are highly experienced and capable in this duty. Special forces aren’t needed for protection, but are quite capable of going on offense and conducting sabotage and training. This assignment is another form of escalation and gets the U.S. more deeply entangled in a face-to-face war with Russia.

This is another step on the escalatory path to direct conflict and potentially, nuclear war with Russia. But did Biden just provoke war with China too?

Biden Turns Teddy Roosevelt Upside Down: In September 1901, just days before becoming president, Theodore Roosevelt remarked, “Speak softly and carry a big stick; you will go far.” The idea was that the ability of the U.S. to project military force should be strong but kept in the background. Diplomacy was better than war. The “big stick” acted as a deterrent.

Today, Biden’s motto seems to be: Speak loudly and carry no stick at all. Biden is now threatening war with China over Taiwan, while simultaneously cutting the military budget and failing to give our military the technological edge it needs to compete with Russian hypersonic missiles and the Chinese space force.

Biden was on a tour of Asia last week meeting with key allies in Tokyo including the leaders of Japan, Australia and India. The meeting was clearly about efforts to counter the rise of China, yet China was not singled out by name and there was nothing on the agenda specific to the situation in Taiwan. But when asked by a reporter if the U.S. would use force to defend Taiwan, Biden answered “Yes.”

Decades of “Strategic Ambiguity” Down the Drain: For decades, the U.S. has carried out a policy of strategic ambiguity regarding whether the U.S. would come to the aid of Taiwan if it were invaded by China. Most observers quietly believed the U.S. would help Taiwan militarily, yet that policy was never proclaimed publicly in order not to provoke China needlessly. With that single word, Biden threw the policy of strategic ambiguity out the window.

Here’s the real problem: Biden may have provoked a war with China over Taiwan, rather than deterring one. China considers Taiwan part of China and has repeatedly said it will control Taiwan eventually by one means or another, including an invasion. The invasion planning looks at Chinese force projection capabilities and the defenses of the Taiwanese. But it must also take into account the likely response of the U.S. If the Chinese thought that the U.S. might respond, but that such a commitment might weaken over time, China could find it in its own best interests to wait until U.S. interest waned.

On the other hand, if China were certain that the U.S. would respond and saw the U.S. getting stronger over time, they could find it optimal to invade sooner than later. The purpose of strategic ambiguity was to keep the Chinese guessing. By negating strategic ambiguity, China might conclude that now is the time to strike. So, Biden’s big mouth and shoot-from-the-hip approach have made war with China more likely. And unlike Roosevelt, Biden has no big stick to back up his big mouth.

The Navy Prepares for War on… Climate Change: Any war with China over Taiwan would primarily be a naval and air war. But last year, a watchdog report demonstrated that the U.S. Navy is unprepared for a war with China. The report cites limited resources for shipbuilding and maintenance, as well as training shortcomings and low morale. The report also claims the Navy is stretched too thin because of extended missions far from U.S. bases.

Meanwhile, the Secretary of the Navy just announced that he thinks the greatest threat to the Navy is climate change, not the Chinese Navy. A new report, “Climate Action 2030,” discusses Navy plans to “build climate resilience,” “reduce climate threat,” “reduce its greenhouse gas emissions,” “stabilize ecosystems” and “achieve … net-zero emissions by 2050.” Topics in the report include “Climate-informed decision-making,” “Integrating Climate considerations into the Budget Process,” “Electrification of Tactical Ground Vehicles” and “Worldwide Climate Health Partnerships.” It’s all for the purpose of “integrating climate action into every aspect of the Department of Navy mission.” Let’s just say the Chinese Navy has a much different set of priorities."

Canadian Prepper, "I Told You So..."

Canadian Prepper, 6/1/22:
"I Told You So..."
This will mark a major escalation in events in Ukraine.

Gregory Mannarino, "JPM CEO Jamie Dimon Warns: 'An Economic Hurricane Is Coming'; Very Important Updates"

Gregory Mannarino, PM 6/1/22:
"JPM CEO Jamie Dimon Warns: 'An Economic 
Hurricane Is Coming'; Very Important Updates"

Musical Interlude: Liquid Mind, "My Orchid Spirit (Extragalactic)"

Liquid Mind, "My Orchid Spirit (Extragalactic)"
Full screen highly recommended.
"In this galaxy, there's a mathematical probability of 3 billion Earth-type planets. And in all of the universe, 2 trillion galaxies like this. And in all of that... and perhaps more, only one of each of us."
- "Dr. Leonard McCoy"

"A Look to the Heavens"

“You may have heard of the Seven Sisters in the sky, but have you heard about the Seven Strong Men on the ground? Located just west of the Ural Mountains, the unusual Manpupuner rock formations are one of the Seven Wonders of Russia. How these ancient 40-meter high pillars formed is yet unknown.
The persistent photographer of this featured image battled rough terrain and uncooperative weather to capture these rugged stone towers in winter at night, being finally successful in February of last year. Utilizing the camera's time delay feature, the photographer holds a flashlight in the foreground near one of the snow-covered pillars. High above, millions of stars shine down, while the band of our Milky Way Galaxy crosses diagonally down from the upper left.”

"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

Free Download: Alexander Solzhenitsyn, “One Day in the Life of Ivan Denisovich”

“One Day in the Life of Ivan Denisovich”
by Alexander Solzhenitsyn

“One Day in the Life of Ivan Denisovich” is, as the title suggests, a simple story of one day in the life of Ivan Shukov Denisovich, a prisoner in a Soviet concentration camp. Shukov, a simple Russian peasant fighting for Stalin in WWII, is imprisoned for treason – a crime he did not commit – and has spent the last 8 years in concentration camps. Shukov’s day begins at 5.00 a.m. with the clang of the reveille – he is, along with the other prisoners, marched out into the bitter cold, stripped and searched for forbidden objects, and then sent to work until sundown, without rest, without a full stomach. In this slim 143 page-novella, we follow Shukov’s grueling routine and see how he struggles to maintain his dignity in small, subtle ways. On this day, he has scored some small triumphs for himself – he has swiped an extra bowl of mush at supper, found a piece of metal that can be used as a knife to mend things, replenished his precious tobacco supplies and also has had a share of a small piece of sausage before lights out. Thus, at the end of the day (and the novel), he thinks to himself that it has been “A day without a dark cloud. Almost a happy day.” He must survive only another 3653 days more.”
Freely download “One Day in the Life of Ivan Denisovich”, 
by Alexander Solzhenitsyn, here:
"The Chain Of Obedience"
“The death squads and concentration camps of history were never staffed
by rebels and dissidents. They were run by those who followed the rules.”

The Poet: Rainer Maria Rilke, "A Walk"

"A Walk"

"My eyes already touch the sunny hill,
going far ahead of the road I have begun.
So we are grasped by what we cannot grasp;
it has inner light, even from a distance -
and changes us, even if we do not reach it,
into something else, which, hardly sensing it,
we already are; a gesture waves us on
answering our own wave...
but what we feel is the wind in our faces."

- Rainer Maria Rilke