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Sunday, November 20, 2022

"I Can't Wait For the Day When Life Finally Makes Sense"

"I Can't Wait For the Day When Life Finally Makes Sense"
by Rania Naim

"I can't wait for the day when life finally makes sense, when we find the silver lining in every tragedy, when we learn the lesson from each mistake and when we understand why our hearts needed to get broken a few times to let love in.

I can't wait for the day that we understand why we met the right people at the wrong time or the wrong people at the right time and why our lives didn't align to bring us together. I wonder if it's because they're the wrong ones for us or because we still have a lot of growing up to do and we're meant to be with someone who understands who weare becoming not who we were.

I can't wait for the day that we understand the lesson behind every struggle. Why we struggled to be successful, why we struggled to find love, why we struggled to reach our dreams and why we lost people who meant the world to us. I wonder if we needed these lessons to learn how to appreciate life and feel the pain of others or we just needed to learn that there is no living without suffering.

I can't wait for the day that we understand why we had to hate ourselves to love ourselves, why we had to destroy ourselves to build ourselves up again and why we had to start over just before we got to the finish line. I wonder who saved us or who inspired us to save ourselves.

I wonder if we are meant to be reborn a few times so we can learn how to truly live. I want to know what triggered us to change and how we can no longer recognize who we used to be.

I can't wait for the day that we understand why we keep falling for the wrong ones over and over again, why we can't forget those who hurt us and why we sometimes can still forgive them and take them back. I want to understand how our hearts operate, how they function, how they move us to do things we would never do and lead us to places that we know we shouldn't go to. I'm curious to know why we listen to it, why we follow it blindly like it never got us lost before, why we trust it even though it left us broken and why do we always go back to it for questions when it keeps giving us the wrong answers. I wonder if there will come a day when we stop listening to it and if we'll ever be truly alive without it.

They say everything happens for a reason and I truly believe that, but I also want to know what this reason is and why it chose us. Why some reasons keep recurring and why some reasons leave us even more perplexed. I want to understand why we go through certain things, what's the message behind it and what if we never respond to this message, what if we just ignore it and keep living, what will happen then? Will our lives get lost in translation?

I can't wait for the day that life makes sense. Some days I understand why certain things happened and others I'm not so sure, but all I know is that somehow we'll connect the dots and someday we'll complete the puzzle, until then, we have to learn how to live our lives without trying to understand it and we have to learn how to be comfortable with the irony and uncertainty of life; otherwise we'll lose our common sense trying to make sense of the life we are living."

"You Must Think..."

"How should we be able to forget those ancient myths that are at the beginning of all peoples, the myths about dragons that at the last moment turn into princesses; perhaps all the dragons of our lives are princesses who are only waiting to see us act, just once, with beauty and courage. Perhaps everything terrible is in its deepest being something helpless that needs our help. So you must not be frightened if a sadness rises up before you larger than any you have ever seen; if a restiveness, like light and cloud shadows, passes over your hands and over all you do. You must think that something is happening with you, that life has not forgotten you, that it holds you in its hand; it will not let you fall."
- Rainer Maria Rilke

"They Can’t Buy It All"

Full screen recommended.
Dan, iAllegedly 11/20/22:
"They Can’t Buy It All"
"As the real estate market starts to collapse we are hearing that there are institutional investors that are swooping in and buying entire neighborhoods. Do not be alarmed by this because this is just the beginning of the shenanigans. There will be massive amount of foreclosures there will be massive amounts of short sales and other bank owned properties."
Comments here:

The Daily "Near You?"

Dearborn, Michigan, USA. Thanks for stopping by!

"Defeat? Never"

"Defeat? Never"
by John Wilder

"Back when I was in high school, I started a quest. It would probably be a trivial quest in today’s world with the Internet, and tens of millions of songs available all from a single search. However, back when I was in high school, the only people using the Internet were computer nerds at colleges or places like Los Alamos sharing nuclear bomb design info and ASCII porn.
There was exactly one rock and roll radio station that reached the lofty heights of Wilder Mountain, and it was a good three-hour drive from where I lived. Heck, the nearest record store was a 45-minute drive. But I heard a song...and loved it. I had no idea who the artist was. All I knew was that it had guitars that sounded like jet fighters coming in for an attack (metaphorically) and a heavy metal singer with pipes to growl low and also hit the high notes.

This was not helpful. My bumbling attempts to hum the song to the record store clerk probably sounded like a toddler attempting to instruct an Albanian goat herder on how to repair a Junkers Jumo-004 on an ME 262. My incoherent rambling eventually convinced the store owner that I could probably be sold a lot of records on my quest to find the goofy song.

She was right. On one particular winter day, I bought two cassettes. Memo to the young: a cassette was an attempt to put a part of the Internet on a skinny magnetic tape and take it with you. Sort of like WIFI but with a really, really low transfer rate that cost over $7 for 42 megabytes. I listened to one of the cassettes on my forty-minute drive to Stately Wilder Manor. I don’t recall what the first cassette was. It was okay. The song I was looking for, however, wasn’t on it.

When I got to Wilder Mountain, I decided to listen to the other cassette. Pa Wilder wasn’t home. It was November, and snow was falling gently across the valley, as I looked toward the volcanic cone that dominated the view above the mountains that surrounded the valley. I put in the cassette. I hit play.

A single guitar hit an E note that crunched and then was followed by 41 seconds of guitar solo that made my brain implode. The first second was enough, the next 40? Pure passion. My father’s stereo, which before that day was primarily concerned with playing Dean Martin and Johnny Cash, must have been surprised.

I know I was. Then? Another driving song, this time about a sentient A.I. encased in an orbiting surveillance satellite. What? I was in heaven. The cassette was Judas Priest, the album? "Screaming for Vengeance". The theme of the music was unabashedly masculine. It was fueled by testosterone and optimism and defiance. It was, in short, everything I loved in life.

What was my ethos at that time? Full speed. Every moment in life. When I played football, I played football. Every ounce of my being was focused on the next play. The cleats digging into the turf, the snap as the center delivered the ball to the quarterback, my sudden sprint, and the exquisite feeling of my shoulder pads digging into that quarterback's belly as I impacted him at full speed. Life was a game to be played at full speed. When a football game was over, win or lose, the idea that I would have left anything of myself or held back an ounce of myself? I never felt that after a single game.

Win or lose. Everything I had. And that was the ethos. My focus was on doing everything that I could humanly do during the game. If we won? Excellent. If we lost? There was no room for regret since I had done every single thing I could for the team. Amazingly, here that was, in music.

This music and most of the music I have loved since then was fueled by one concept – it was fueled by the idea that, in this life, there are winners, and there are losers. But there are no victims. I was responsible for my preparation. I was responsible for my effort. I was responsible for me. If I won? Wonderful. If I lost? Yeah, it stung. But if I gave it my best, and lived up to my own values, I still won.

Again, winning was and is important. But a loss of a single day was nothing. Winning could and would come. And I would live my life, on my terms. Have I been cheated? Yes. Have I been wronged? Yes. Did I stand toe to toe with my boss and tell him that I wouldn’t sell my honor and principles to him for any reason? Yes. And did I pay a price? Duh. Do I regret it? Not for a minute. Not for a second.

There are moments in life, where honor and values will be tested. Heck, that was in this music, too.
"In this world we’re living’ in, 
we have our share of sorrow.
Answer now is don’t give in, 
aim for a new tomorrow."

Also in the music? Questions of deep philosophy. The eternal battle between Good and Evil. Oh, yeah, and hot chicks. Eventually, this changed and fell out of fashion. I think it was Bush. Or maybe raising the drinking age to 21. Or maybe drugging generations with lithium and Adderall®. Or maybe the new “zero tolerance” lifestyle, where fighting for Good and being right still resulted in a suspension. Or maybe all of that.

Music based on honor and testosterone and optimism eventually fell out of favor. I can even give you the date: September 21, 1991, when Nirvana launched "Nevermind":
"With the lights out, it's less dangerous,
Here we are now, entertain us.
I feel stupid and contagious,
Here we are now, entertain us."

That abomination of learned helplessness replaced this from Judas Priest:
"Thousand of cars and a million guitars
Screaming with power in the air.
We've found the place where the decibels race,
This army of rock will be there
To ram it down, ram it down.
Straight through the heart of this town
Ram it down, ram it down,
Razing the place to the ground.
Ram it down..."

One of these makes me feel like slitting my wrists. The other? Fills me with the idea that none of us are alone. We have power. We are...going to win, no matter what the damn odds are. Judas Priest is still touring. Kurt Cobain? Not so much. I guess it proves that one person can handle only so much Courtney Love:
"Fast and furious, we ride the universe
To carve a road for us, that slices every curve in sight.
We accelerate, no time to hesitate
This load will detonate, whoever would contend its right."

I refuse to accept defeat. The idea is against every fiber of being in my body. I realize that I will not win every battle. And I am going to listen to music, and I am going to take in media that tells me the truth, but I shall never, ever, despair no matter how dire the situation. My family? They come from heroes. So does yours. Never, ever, give up. I’m not going to stop until I stop breathing. And I won’t relinquish my honor to any man. And I am responsible for every aspect of my life and my situation.

Oh, I did find the song I was looking for, a year later:
"The hammer of the gods
Will drive our ships to new lands,
To fight the horde, sing and cry
Valhalla, I am coming..."

But that’s another story, though the song remains the same."

"It's What You Know For Sure..."

“Consider a turkey that is fed every day. Every single feeding will firm up the bird’s belief that it is the general rule of life to be fed every day by friendly members of the human race ‘looking out for its best interests,’ as a politician would say. On the afternoon of the Wednesday before Thanksgiving, something unexpected will happen to the turkey. It will incur a revision of belief.“
- Nouriel Roubini

“It ain’t what you don’t know that gets you into trouble.
It’s what you know for sure that just ain’t so.”
- Mark Twain

"Rules of Engagement: Thanksgiving Edition"

"Rules of Engagement: Thanksgiving Edition"
A helpful guide for avoiding rhetorical pitfalls over the holiday dinner table...
by Joel Bowman

Buenos Aires, Argentina - "Welcome to another Sunday Session, dear reader, that time of the week when we thank Zeus that we weren’t born into immense wealth, power and status, and so retain some vague hope of living a decent, honest life... (in vino veritas).

Our American readers are preparing for a Thanksgiving of their own this coming week. Twenty score and one year have passed since the Pilgrims celebrated their first harvest of the New World, back in 1621. The holiday has been commemorated, on and off, since George Washington declared it a national day in 1789, but it wasn’t official until Honest Abe made it so, proclaiming...“Thanksgiving and Praise to our beneficent Father who dwelleth in the Heavens,” calling on the American people to also, “with humble penitence for our national perverseness and disobedience .. fervently implore the interposition of the Almighty hand to heal the wounds of the nation...”

On the subject of perverseness and disobedience, just while we’ve got you, your Australian-born editor has always had a special affection for this most American of holidays, known to him as the day when families come together to flesh out irreconcilable political differences over too much cider and victuals.

Though our quasi-American wife assures us this behavior is not exclusive to Thanksgiving (“some families drag their frivolous disputes on until Christmas, or even beyond...”), we recall with fondness many a fracas in which tipsy uncles clashed with college student nephews and nieces over the controversial topic du jour.

Of course, there are certain ways of getting one’s point across that are more helpful than others... and some that are downright harmful. And so, with the holidays just around the corner, we thought it might be fun to examine a few of the dos and don’ts of artful dinner table rhetoric. Please enjoy a light-hearted guide for Turkey Day veterans and newcomers alike, below...
"Rules of Engagement - Thanksgiving Edition"
By Joel Bowman

"The first, and perhaps most obvious, rule for maintaining civil discourse (even within the family) is to never resort to ad hominem. Essentially, this means turning to personal attacks, rather than sticking to matters of logic. “Playing the man and not the ball,” as sportsfolk are heard to say. It’s just bad form, mate.

So even if Aunt Joan is a prattling old windbag with decidedly dated views... and even though Cousin Charlie is a well known charlatan who deserves to have lost his money on scammy meme stocks... and even if Uncle Jeffrey is a dipsomaniacal bore whose third wife is even more insufferable than the previous two... best not to say so.

Also steer clear of labels like “fatso,” “dunderhead,” “moron,” “millennial,” “skinflint,” “feckless pest,” “half-wit,” “jackass,” etc. Oh, and if Niece Elly decides she now identifies as a fern and asks to be referred to using gender/species neutral neopronouns, just nod along and go with it. You can lament the downfall of Western Civ and traditional values at the Chick-fil-A drive through on your way home.

Now that you’ve holstered the nasty slurs, a close second on the “Logical Fallacies to Avoid on Holidays List” is the Hasty Generalization trap. This occurs when one interlocutor summons a few, often anecdotal instances to make loose and sweeping claims, often on a subject they know precious little about. For instance, just because every single person you’ve individually encountered with blue/pink dyed hair happens to have proven themselves a brainless weirdo, that doesn’t mean there isn’t someone out there eager to establish themselves as the exception to the rule.

Recall Nassim Taleb’s Black Swan analogy: while a thousand sightings of white swans is not sufficient to prove once and for all the statement “all swans are white,” a single sighting of a black swan is adequate to disprove it. In other words, you are just one friendly, witty, well-informed, empathetic, self-aware, blue-haired Starbucks barista away from having all those harmful and triggering stereotypes disproved. Rejoice!

Pot, Meet Kettle: Next we have the notorious Appeal to Hypocrisy tactic, wherein the speaker defends himself against a particular charge by pointing out the obvious and demonstrable fact that the accuser is similarly guilty. Also known as the “pot calling the kettle black” gambit.

For instance, don’t say “Well, Republicans also lie, cheat and steal” as a way of defending Democrats from doing likewise (or vice-versa). Simply agree that both political parties are chock full of ratbags and that anyone who seeks office ought immediately to be disqualified from holding it on reasonable suspicion of hubris and delusions of grandeur. You and your new ally may wish to commemorate this novel common ground with a toast to liberty and apolitical enlightenment.

Next up we have the popular Circular Argument ploy, a favorite of cutesy, tag-teaming couples (think honeymooners, newlyweds, college sweethearts, etc. who don’t yet know what they’re in for). Infuriatingly, this often occurs when said saccharine duo completes one and other’s sentences. “Smoking pot is wrong because it’s against the law....”
“... exactly, babe, and that’s precisely why it’s against the law; because it’s wrong.”
“You got it, babe!” (*Breaks for conspicuous canoodling*)

Textbook circular argument. Rather than getting between the pawwing pair, better to just annoy everyone present by saying something like, “While not a smoker myself, I happily defend every same-sex couple’s right to guard their personal weed stash with their firearm of choice.”

Which brings us to the popular False Dilemma ruse, whereby the speaker offers (always generously) two equally poor options as if no others existed. (We covered this in last week’s Sunday Session, "The Illusion of Choice", which garnered quite a number of, ahem... enthusiastic responses.) Recall George W. Bush’s classic line, “We will fight them over there so we do not have to fight them over here.” Boy oh boy did they misunderestimate Dubbya! Never mentioned was the apparently ludicrous idea that “we” might not fight “them” at all, something one might have expected to occur to a man who also said, “I know the human being and fish can coexist peacefully.” Umm...? Moving along...

I, Bernanke: Another classic holiday ploy is the Argument from Authority. Someone out there, possibly one of our dear readers, will find themselves this year seated across from a man recently awarded the Nobel Prize for Economics. When the subject of the economy inevitably comes up, likely introduced by the faux-modest laureate himself, you may be sure the Argument from Authority is lurking close by. (So too the aforementioned False Dilemma.)

“It took a certain ‘courage to act,’ I freely admit,” Mr. Bernanke will hold forth, “but our economy was on the brink. In fact, were it not for my deep knowledge of financial meltdowns, and of course the bravery with which my name has since become synonymous, we may not be gathered here today, enjoying this sumptuous feast, brought to us by Julia and Maria in the kitchen. Gracias señoritas. In fact, we may not have an economy at all...”

If, by some twist of fate or punishment, you do happen to be seated at the above table and on the receiving end of said sermon, please do us all a favor and refuse to accept such balderdash. Call the man out. Herewith, some suggested notes: “Facts do not care for your prizes and positions, my dear man. Fortunately for us all, reality is not subject to opinion. Your tenure as Fed Chairman, unblemished by a single instance of success or real insight, was objectively disastrous. Indeed, your much lauded actions led us into the mess in which we presently find ourselves mired. True courage would have involved thoughtful inaction. Now, unless there is another round of those delicious cookies... thank you Julia and Maria for a delicious meal, thank you Mrs. Bernanke for the invite, and good evening to you all.”

Although there are a great many more Rhetorical Weapons of Mass Destruction (too many to cover in one pithy Sunday Sesh), we would be remiss if we didn’t conclude with the oft-misquoted Godwin’s Law, or Godwin’s Rule of Nazi Analogies. Always a cheerful party favorite, especially after a round or two of Moscow Mules, you’ll hear this one invoked when one or another dinner guest inevitably falls to reductio ad Hitlerum to prove a point. It is usually then said that “the first person to bring up Hitler loses the argument.”

But this is a misnomer. Introduced into the common vernacular by American attorney and author, Mike Godwin, back in the early ‘90s, the eponymous law simply asserts that, as online discussion forums grow, the probability that someone will veer into Nazi territory increases, eventually approaching a near certainty. Crucially, this tendency was observed regardless of the group’s participants and regardless of the topic under discussion.

So when Aunt Molly calls Cousin Mike a “fascist” for his views on the midterm elections... or Grandpa labels Gramdma a “Nazi” for insisting that the menfolk eat leftovers at the table instead of on the couch in front of the game, know that it’s nothing personal. It’s just Thanksgiving."

"Massive Price Increases Everywhere! Exploring Options & Money Saving Tips!"

Full screen recommended.
Adventures with Danno, 11/20/22:
"Massive Price Increases Everywhere! 
Exploring Options & Money Saving Tips!"
"In today's vlog we are noticing massive price increases everywhere at the grocery stores! We are exploring options to try and save money, and will be discussing the Kroger delivery Boost memberships. It's getting rough out here as stores seem to be struggling with getting products!"
Comments here:

"How It Really Is"

 

Greg Hunter, "Unstoppable Crash Worse than 2008 Coming"

"Unstoppable Crash Worse than 2008 Coming"
By Greg Hunter’s USAWatchdog.com

"Six-time, best-selling financial author James Rickards says the upcoming book “Sold Out” lays out the case why a huge crash is already a certainty sometime in 2023. In a nutshell, broken supply chains have already caused big inflation, and the Fed is raising rates to tamp it back down. On top of the perfect storm of inflation and prolonged supply problems, we have the recent meltdown of the FTX crypto currency exchange. Rickards says, “It is definitely going to cause sequential collapses in the crypto world, but will it jump the fence into the broader financial world? My expectation is it will, but it can take six months or more to play out. We probably have an acute global financial crisis coming anyway. If FTX never existed, I would say we are staring at a worse financial crisis than 2008. Throw FTX on top of that, and it’s like throwing gasoline on a fire. It will accelerate the fire. So, we’re probably going to have problems anyway, but the FTX implosion just makes it worse.”

As far as the dwindling supply chains, Rickards says, “The old supply chain has collapsed. A new supply chain will emerge, and I talk about that in my book and what it will look like. Right now, we are in a very messy middle period where things don’t work well. It’s like a vase. You knock over a vase, and it breaks into 5,000 pieces. You can’t put it back together. You’ve got to go get a new vase. We broke the vase, and we are shopping for a new one. We are not there yet. We are just cleaning up the mess. Russia invades Ukraine. The Ukrainian plastic conduit factory shuts down, and all of a sudden, the BMW production lines are shut down because they cannot get a part. Again, this is another example of how this is all falling apart, and it’s not going to be put back together quickly. There will be a new supply chain, and I call it supply chain 2.0, but we are in that in between time, and it’s going to be just a mess.”

Rickards says the Fed is going to keep raising rates because that is what they keep telling the public. Rickards says, “They are telling us what they are going to do, and you should believe them.”

Rickards says we do have inflation, and it’s going to be with us for awhile, but we are also going to get deflation too. Rickards points out, “Why does Warren Buffett and Brookshire Hathaway have $130 billion in cash? Buffett is one of the greatest investors of all time. Why isn’t he out there buying stocks? Again, why does he have $130 billion in cash? It’s because Buffett sees what I see. Yes, this thing is going to completely crash. It’s a really good idea to have cash because you can go shopping in the wreckage and pick up some bargains. My point is, we don’t have to guess. Look at the Treasury yield curve. Look at the euro/dollar futures yield curve. Look at other metrics, and guess what it looks like? It looks like 2007. Everything I am describing, but not quite as extreme by the way, was true in 2007. These euro/dollar futures were behaving then exactly as they are now. Except now, the inversion is even worse, which means we are in for a worse crisis than 2008. It’s coming. Everything I said has nothing to do with FTX. Throw FTX on top, and as I said, you are throwing gasoline on a fire.”

After the inflation, Rickards says count on big deflation. He will explain exactly how that happens in the 58-minute interview."

Join Greg Hunter on Rumble as he goes One-on-One with six-time, best-selling author James Rickards. Rickards’ new book “Sold Out” will be coming out in early December.

Saturday, November 19, 2022

"The End Of The Retail Industry As We Know It Today"

Full screen recommended.
"The End Of The Retail Industry As We Know It Today"
by Epic Economist

"This holiday season may be the last for many struggling U.S. retailers, and that’s a haunting prospect for the entire sector. Even industry leaders are afraid that sales and profits will fall short of expectations again – after three-quarters of disappointing results. This period is typically the most profitable time of the year for many businesses, but each new survey shows that consumer spending is going to be way down in 2022. At the same time, some troubling trends are squeezing the life out of the industry from both sides, and they aren’t likely to go away any time soon. If these companies fail to recover from their losses over the next few weeks, we will soon see a lot more decaying buildings with boarded-up windows where thriving retail establishments once existed. The health of the retail industry is critical to the health of the overall U.S. economy, and right now the outlook suggests that a bloodbath is about to begin.

Roughly 57% of consumers who plan to spend less on holiday shopping in 2022 mostly blame rising costs, and about the same rate reports being worried about finances. Retailers have already taken a series of measures to attract customers' attention and increase sales volumes, such as hosting holiday sales earlier than normal and ratcheting up discounts to move merchandise. But so far their efforts haven’t really paid off.

“As we look ahead, we expect the challenging environment to linger beyond the holiday season and into 2023,” Chief Financial Officer Michael Fiddelke said on the call with reporters. The executive pointed to some worrying trends currently plaguing the industry – and, unfortunately, they aren’t going away any time soon.

A tsunami of retail theft is drastically reducing the company’s gross profit margin and further aggravating Target’s financial problems. In its latest quarterly report, the discount retailer revealed that inventory shrinkage — or the disappearance of merchandise — has reduced its gross profit margin by $400 million so far in 2022 compared to 2021. “And we expect it will reduce our gross margin by more than $600 million for the full year,” Fiddelke added, detailing that there are "a handful of things that can drive shrink in our business and theft is certainly a key driver”. “We know we're not alone across retail in seeing a trend that I think has gotten increasingly worse over the last 12 to 18 months. So we're taking the right actions in our stores to help curb that trend where we can, but that becomes an increasing headwind on our business and we know the business of others," he said.

With almost two-thirds, or 63%, of Americans living paycheck to paycheck, it is clear that in 2022, more people fell out of the middle class. In 2021, that rate was sitting at just 57%. “Consumers are not able to keep up with the pace that inflation is increasing. Being employed is no longer enough for the everyday American. Wage growth has been inadequate, leaving more consumers than ever with little to nothing left over after managing monthly expenses,” LendingClub financial health officer Anuj Nayar highlighted in a recent report.

Even though wages have increased nationally by an average of 5.2%, the price of everything else has climbed much higher, Schiff outlines. “On an annual basis, real average hourly earnings decreased by 3.0% from September 2021 to September. It was the 18th consecutive month of declining real wages on an annual basis. This means while you got a 5.2% raise over the last year, your purchasing power dropped 3%. In other words, you have more dollars in your pocket, but you can’t buy as much with them. In effect, you got a 3% pay cut this year,” the economist notes.

With reduced buying power and carrying massive levels of debt, the average American consumer is completely drained, and so are retail sectors heavily reliant on discretionary spending.

Some of the hardest hit businesses are in the entertainment sector, and even media giant and specialty retailer Disney is reporting a collapse in its operations, suffering over $1.4 billion in streaming losses and a stock drop of around 39% for the year."
Comments here:

Musical Interlude: 2002, “Sea of Dreams”

 2002, “Sea of Dreams”

"A Look to the Heavens"

“Magnificent island universe NGC 2403 stands within the boundaries of the long-necked constellation Camelopardalis. Some 10 million light-years distant and about 50,000 light-years across, the spiral galaxy also seems to have more than its fair share of giant star forming HII regions, marked by the telltale reddish glow of atomic hydrogen gas. The giant HII regions are energized by clusters of hot, massive stars that explode as bright supernovae at the end of their short and furious lives. 
A member of the M81 group of galaxies, NGC 2403 closely resembles another galaxy with an abundance of star forming regions that lies within our own local galaxy group, M33 the Triangulum Galaxy. Spiky in appearance, bright stars in this colorful galaxy portrait of NGC 2403 lie in the foreground, within our own Milky Way.”

Chet Raymo, “At Home In An Infinite Universe”

“At Home In An Infinite Universe”
by Chet Raymo

“They are questions that bedeviled thinkers for thousands of years: Is the universe infinite or finite, eternal or of a finite age? It is certainly hard to imagine a universe that extends without limit in every direction, or a universe without a beginning or end. It is equally difficult to imagine a finite universe; what is beyond the edge? Or a beginning or end in time; how can something come from nothing? How can what is cease to be?

The problems are so intractable philosophically that their resolution has generally been left to the theologians, which from a philosophical (or scientific) perspective offers no solution at all. Giordano Bruno was burned at the stake for proposing a philosophical resolution (an infinite universe) that offended theology.

An escape from befuddlement is provided by Einstein's theory of general relativity, which- for example- can describe a finite universe without a boundary, as the "two-dimensional" surface of a sphere is finite and without an edge. Unfortunately, multi-dimensional curved space-time is so counterintuitive that it is difficult to get one's head around it without mastery of the mathematics. Given a choice between the ancient myths of your local preacher and the obtuse mathematics of the physics professor, it's not hard to guess what most folks will opt for.

Meanwhile, I'm reading a meditation on infinity by physics professor Anthony Aguirre, in a collection of essays called "Future Science." He discusses contemporary cosmological theories based on general relativity, and in particular the rehabilitation of the idea of an infinite and eternal universe, or, more precisely, that our universe might be just one of an infinity of infinite universes. He writes in conclusion: “What seems clear, however, is that infinity can no longer be safely ignored; beautifully constructed, empirically supported, self-consistent theories have brought infinity from idle curiosity to central player in contemporary cosmology. And if correct, the worldview these theories represent constitutes a perspective shift unlike any other: in comparison to the universe, we would be not just small but strictly zero. Well, I can't imagine many folks racing to embrace that conclusion.

Oh, but wait. Aguirre adds one final sentence: "Yet here we are, contemplating - if not quite understanding - it all.”

The Daily "Near You?"

Ozark, Missouri, USA. Thanks for stopping by!

Canadian Prepper, "90% of People Will Die Like This..."

Full screen recommended.
Canadian Prepper, 11/19/22:
"90% of People Will Die Like This..."
Comments here:

"You Decide! Crash, Correction or Chill?"

Full screen recommended.
Dan, iAllegedly, 11/19/22:
"You Decide! Crash, Correction or Chill?"
Our economy has been called many things lately. Is this a Crash, correction or just a chill with where we’re at? Please let me know your input on what you think of this."
Comments here:

"It Is Inevitable..."

“We do not rest satisfied with the present. We anticipate the future as too slow in coming, as if in order to hasten its course; or we recall the past, to stop its too rapid flight. So imprudent are we that we wander in the times which are not ours and do not think of the only one which belongs to us; and so idle are we that we dream of those times which are no more and thoughtlessly overlook that which alone exists. For the present is generally painful to us. We conceal it from our sight, because it troubles us; and, if it be delightful to us, we regret to see it pass away. We try to sustain it by the future and think of arranging matters which are not in our power, for a time which we have no certainty of reaching.

Let each one examine his thoughts, and he will find them all occupied with the past and the future. We scarcely ever think of the present; and if we think of it, it is only to take light from it to arrange the future. The present is never our end. The past and the present are our means; the future alone is our end. So we never live, but we hope to live; and, as we are always preparing to be happy, it is inevitable we should never be so.”
- Blaise Pascal

"Crime and Punishment"

"Crime and Punishment"
From private fraud to public folly, 
where goes sound money, so goes civilized society...
by Joel Bowman

"The more I see of the monied classes,
the better I understand the guillotine."
- George Bernard Shaw

Buenos Aires, Argentina - "Fraud, farce… and fury. Nary a day goes by, it seems, when some shyster or another is not exposed for diddling the books, fiddling the numbers and filching investor funds. While the world waits to learn the fate of Mr. Bankman-Fried, a scandal-weary public seized a pound of flesh yesterday when another Silicon Valley darling, Elizabeth Holmes, was sentenced to more than a decade in prison for defrauding investors. The Wall Street Journal: "Elizabeth Holmes, the founder of Theranos Inc. who was convicted of defrauding investors, was sentenced to more than 11 years in prison, capping the extraordinary downfall of a onetime Silicon Valley wunderkind who promised to revolutionize blood testing.

U.S. District Judge Edward Davila, who oversaw the trial in which Ms. Holmes was found guilty of running a years-long fraud scheme at her blood-testing company, delivered the sentence Friday in federal court. A jury convicted Ms. Holmes in January on four charges that she misrepresented the startup’s technology, finances and business prospects to investors."

Elizabeth Holmes... Anna Sorokin... Billy McFarland... Martin Shkreli... and of course, the latest (and probably largest) conman of them all, Sam Bankrun-Fraud. Is it just us, dear reader, or does there seem to be a hot run of conmen lurking around the traps these past few years?

Time was when Joe Public could rely on his congressmen to rip him off, extort his earnings and generally hound, harass and harangue him at every turn. Now he has a whole new cohort of brigands, who didn’t even have the decency of getting themselves elected to public office, fleecing him at every turn. For shame!

It’s the Money, Stupid! Perhaps we shouldn’t be surprised. After all, where goes sound money, so too goes civilized society. (See "It’s the Money, Stupid!" for details.) With honest earners and savers losing a government-guaranteed 8% of their purchasing power annually (officially, that is... unofficially it’s likely much higher), dishonesty starts to look appealing to some. Why do things “by the book” when the state itself is cooking them?

Sound money underpins sound transactions, in which decent individuals trade their savings (their time) for their desired goods and services. By attacking the integrity of money – undermining its function as a steady store of value, reliable unit of account and accepted medium of exchange – the state lays waste to the social contract that undergirds civilization itself. Promises are broken... contracts become meaningless... and where once good faith and common decency stood, suspicion, deceit and chicanery take root.

What would be the point of “breaking” a more or less functioning society, you wonder? Isn’t squeezing the Middle Class a bit like killing the golden goose? Why would a financial elite want to set their own country on course to Argentina, or Venezuela, or Zimbabwe?

Bill took up the question in his three-part essay earlier this week, "Middle Class Delenda Est." But Dan has a theory, too... maybe it’s just the government doing what Harry Browne described all those years ago... “The government is good at one thing. It knows how to break your legs, and then hand you a crutch and say, 'See if it weren't for the government, you wouldn't be able to walk.”

Break the financial system, in other words, then offer you a “solution”... which just happens to accord nicely with their own maniacal goal set and which will cost you even more of your liberty and privacy along the way.

Here’s Dan, calling out the government’s sinister modus operandi: First destroy the currency (and the Middle Class) with inflation. Then, increase your leverage over them by replacing the money with the technology of surveillance and control. That’s what we’ve claimed is the plan of the current American financial regime. Financial Repression is the only way to get your way out of $31 trillion in debt without defaulting.

Here’s a question for you: Do you think it’s a coincidence that the same week the third-largest digital asset exchange melts down that the New York Fed announces a 12-week pilot program to test a proto Central Bank Digital Currency (CBDC)? 

Hmm. You can read more about it here. The authorities say the point of a CBDC is to lower transaction costs and promote access and ‘inclusion’ in the financial system. When they let their guard down, they also talk about how digital money can give or deny permission to buy certain things, or even where you can travel (as if the G-20 statement earlier this week calling for international vaccine passports wasn’t bad enough). Location tracking and programmable money are closer than you think.

What do you reckon, dear reader? Is this just another “helping hand” from your duly elected better angels in public service? Or a wolf in sheep’s clothing, one who’s appetite is in direct opposition to your life, liberty and pursuit of happiness? Leave your thoughts in the comments section, below..."
Related: 

"How It Really Is"

 

"After All..."

“The acceptance of ambiguity implies more than the commonplace understanding that some good things and some bad things happen to us. It means that we know that good and evil are inextricably intermixed in human affairs; that they contain, and sometimes embrace, their opposites; that success may involve failure of a different kind, and failure may be a kind of triumph.”
- Sydney J. Harris

And, of course, the universal and inevitable excuse…
“A person who is going to commit an inhuman act invariably 
excuses himself to himself by saying, “I’m only human, after all.”
- Sydney J. Harris
I've always wondered...
Everyone says “Only human…” compared to what?
Billy Joel, "Only Human"

"US Consumers Are Doing Exactly What They Did Just Prior To The Crash Of 2008"

"US Consumers Are Doing Exactly What
They Did Just Prior To The Crash Of 2008"
by Michael Snyder

"We never seem to learn from our mistakes. Just before the financial markets crashed and the economy plunged into a horrifying recession in 2008, U.S. consumers went on a debt binge of epic proportions. Mortgage debt, auto loan debt and credit card debt all skyrocketed, and so when the economy finally crashed all of a sudden there were millions of Americans drowning in bills that they were unable to pay. Well, now it is happening again. According to the Federal Reserve Bank of New York, during the third quarter of 2022 household debt increased at the fastest pace that we have seen since the first quarter of 2008

"Households added $351 billion in overall debt last quarter, taking the total to $16.5 trillion, according to data released by the Federal Reserve Bank of New York on Tuesday. That’s an increase of 8.3% from a year earlier, the most since a 9.1% jump in the first quarter of 2008. The debt figures aren’t adjusted for inflation."

This is a recipe for disaster. As I have been warning my readers for years, you want to have as little debt as possible when economic conditions get really bad. Unfortunately, even though everyone can see that economic activity is slowing down all around us, consumers are piling on debt at a stunning pace. In particular, mortgage debt and credit card debt both really soared during the third quarter…

"Most of the latest increase came in mortgage debt, by far the biggest liability on household balance sheets. It rose by $282 billion in the third quarter, and by $1 trillion from a year earlier, to $11.7 trillion. Mortgage and home-equity debt combined are up by $2 trillion since the pandemic began.

Credit-card debt also increased by the most in 20 years, with balances rising by 15% from a year earlier. The surge comes as the average interest-rates on card borrowing has climbed above 19%, the highest in data going back to the mid-1980s, according to Bankrate."

I really feel bad for those that purchased homes at or near the peak of the market. So many Americans have overextended themselves to get the homes of their dreams, and as prices plummet in the months ahead millions of them will soon be underwater on their mortgages just like we saw in 2008 and 2009.

Even more troubling is the fact that Americans are racking up such huge credit card balances. The New York Fed is telling us that there are now 555 million open credit card accounts in this country. But only 329 million people live here. That is madness.

Meanwhile, large companies all over the nation are starting to lay off workers. In fact, we just learned that Amazon will be laying off approximately 10,000 employees…"Amazon reportedly plans to lay off 10,000 corporate and technology employees as soon as this week. The cuts would affect the company’s devices organization, retail division and human resources, people familiar with the matter told the New York Times."

This will be the largest round of layoffs in Amazon’s history, and Jeff Bezos is now giving out advice on how to best deal with the coming economic downturn…"The business leader offered his starkest advice yet on a faltering economy in an exclusive sit-down interview with CNN’s Chloe Melas on Saturday at Bezos’ Washington, DC, home.

Bezos urged people to put off expenditures for big-ticket items such as new cars, televisions and appliances, noting that delaying big purchases is the surest way to keep some “dry powder” in the event of a prolonged economic downturn. Meanwhile, small businesses may want to avoid making large capital expenditures or acquisitions during this uncertain time, Bezos added. He also told CNN that we should “hope for the best, but prepare for the worst”.

Wow. How many times have I said the same thing to my readers? When Jeff Bezos starts sounding just like The Economic Collapse Blog, that is definitely a sign that it is late in the game.

Other big tech companies have been conducting mass layoffs as well, and that list includes Facebook and Twitter…"Last week Meta, which owns Facebook, Instagram and WhatsApp, revealed that it will cut 13 per cent of its workforce, while Elon Musk axed half of Twitter’s employees following his successful takeover of the social media site. The announcements are the latest in a slew of job cuts across Silicon Valley, as experts warn the tech industry is facing a ‘triple whammy’ of a slowing economy, inflation and an end to pandemic-driven growth."

If the Federal Reserve does not start reducing interest rates, we are going to see a tsunami of layoffs in 2023. And if the Federal Reserve continues to raise interest rates, it is likely that we could eventually see millions of Americans lose their jobs. Aggressively hiking rates at the beginning of a major economic slowdown is suicidal. But the Federal Reserve is doing it anyway.

On the consumer level, piling up debt just as economic conditions are starting to really deteriorate is a really foolish thing for Americans to be doing. Unfortunately, we just witnessed the greatest consumer debt binge since 2008 during the third quarter. As I stated at the beginning of this article, we never seem to learn from our mistakes. The times that we are moving into are going to be incredibly challenging, but reducing the amount of debt that you are carrying will make things a bit easier.

Sadly, most people out there aren’t going to take that advice. Instead, most people are going to continue partying even as the system falls apart all around them. In 2008 and 2009, countless Americans that had been living comfortable middle class lifestyles ended up losing almost everything.

You don’t want to be one of those victims this time around. We are going to see so much financial pain in 2023, but much of it could have been avoided if people would have made much different decisions ahead of time."

"Digital Coupon Madness At Kroger! This Is Crazy! What's Coming?"

Full screen recommended.
Adventures with Danno, 11/19/22:
"Digital Coupon Madness At Kroger! 
This Is Crazy! What's Coming?"
"In today's vlog we are at Kroger and are noticing massive price increases! Kroger has put out the most digital coupons we have ever seen, and are taking advantage of the deals while they are available! 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!"
Comments here:

Friday, November 18, 2022

Canadian Prepper, "We're in A Lot of Trouble..."

Canadian Prepper, 11/18/22:
"We're in A Lot of Trouble..."
Comments here:

"Forced To Shop At Walmart; Home Sellers In Denial; Home Sales Plunge; The FED Knows What's Coming"

Jeremiah Babe, 11/18/22:
"Forced To Shop At Walmart; Home Sellers In Denial; 
Home Sales Plunge; The FED Knows What's Coming"
Comments here:

"What Happened to the Pax Americana?"

"What Happened to the Pax Americana?"
by Brian Maher

"The wealth of another region excites their greed; and if it is weak, their lust for power as well. Nothing from the rising to the setting of the sun is enough for them. Among all others only they are compelled to attack the poor as well as the rich. Robbery, rape, and slaughter they falsely call empire; and where they make a desert, they call it peace."
- Tacitus

"Some 30 years ago the Pax Americana covered each corner of Earth. It crowned history itself - the “end of history” was how one fellow styled it. American capitalism, American democracy represented civilization’s apex. Its zenith. Its very perfection. Yet the gods are a jealous, wrathful lot. What the gods will not abide is human hubris. Mortals may not approach Olympus.

Russian political scientist Georgi Arbatov divined their wicked intentions at Cold War’s end… He sneered: “We are going to do the worst thing we can do to you.” Which was what - precisely? “We are going to take your enemy away from you.”

We hazard he was correct. As we have written before: A superpower requires an enemy as the policeman requires crooks… as the psychiatrist requires madmen… as the Church requires its devil. Absent an enemy it loses its direction. Its vigor. Its élan vital. It flounders - adrift, aimless and rudderless. Between world wars, berserker Winston Churchill lamented “the bland skies of peace” that vaulted high above Earth. Those same bland skies of peace overhung Earth at the Cold War’s conclusion.

Now jump ahead 30 years… after plenty of heavy weather has barreled on through… after the gods have worked their mischievous will… The Pax Americana has been reduced to a ridiculous caricature. Iraq and Afghanistan sent it heaving into history’s hellbox. Russia is presently driving the last remaining nails through the casket cover. China stands by with its own hammer should Russia fall down.

Meantime, the world has witnessed the shining jewel of American democracy these past several years. If that is democratic perfection, asks the world, may we please beg off? We would like to be excused.

They have witnessed American cities descend into scenes of riot, of mayhem, of chaos in 2020. They see Americans at each other’s throats, red-state America and blue-state America. They have seen the statues come down. They have seen segments of America call the nation’s founding myths into contempt and ridicule. They witnessed millions and millions rage against the legitimacy of the 2020 presidential election. These Americans believed the election was rigged and thieved, fraudulent and illegitimate.

Many Americans - though apparently fewer in number - likewise disbelieve the outcomes of this month’s midterm elections… elections which remain undecided in many instances. Are they right? Are they wrong?

We stand aloof in serene detachment. We defer judgment to you, our reader. Yet if masses of American voters no longer trust the electoral process… what is the future of American democracy? Is this the alabaster city shining on the hill that glistens in the mists? Is this the model the world would mimic? Through these veins courses the reddest American blood, patriotic blood. Yet we fear the answer is no. Even China - China! - has ventured to label American democracy a “joke.”

We did not appreciate the jest. Yet at certain times, in private moments, often in the silent watches of the night, we are seized and hagridden by doubt. We fear for the American future. In these pages we often denounce this government policy or that government policy. Some have even asked us why we maintain residence in these United States if we believe things run to such lunatic domestic settings. Why stay?

Here we take our leaf from the great Henry Louis Mencken, Baltimore’s sage. He was posed that very question some 100 years ago. His answer then is our answer now: “Why do men visit zoos?”

Below, Jeffrey Tucker wonders if a peaceful breakup of the United States would ironically represent the best method to heal today’s deep political fissures. Jeffrey’s take is certainly controversial - perhaps even heretical. Yet we believe it is worth a few minutes of your time. Please, read on."
"One Nation, Divisible"
by Jeffrey Tucker

"Sometimes the utterly unthinkable becomes a reality and, to everyone’s surprise, it works out better in the end. Such is the case with large nation-states that split up based on geography, language and political values. No disaster befell Czechoslovakia when it became the Czech Republic and Slovakia. The moving around of borders and jurisdictions is part of the trajectory of history, even if every generation believes that what exists now should exist forever.

And then suddenly it does not. We tend to think breakups happen to other countries but not here at home. And yet the U.S. is at least as fractured now as many unviable nation-states of the past. We seem to be nearing the point where a single rule for everyone no longer makes sense. So let’s just play a little game and imagine what it might look like.

Disunited America: The political stability of the United States is a particular sore point, given the 19th-century experience with an attempted breakup. There had been many prior threats to end the union but after the Northern victory, the idea of manifest destiny became entrenched and so too did the notion that the U.S. is the one indispensable nation, forever to be exactly the way it is.

A friend from a foreign land asked me why Hawaii is part of the U.S. The answer is obvious: conquest. Alaska was different: a commercial transaction that ended up as part of the union some 10 years into the Cold War as a security measure. Otherwise, it’s hard to make sense of these two states as wonderful as they are.

The U.S. was formed out of 13 colonies, beginning as a loose confederation with no operational central government. That came 12 years later. Generally, it has worked, and worked best when the system functions as it is supposed to: checks and balances; juridical limits on the powers of everyone, including the judiciary; and a high respect for the decentralized structure that leaves most political decisions to the states.

How much strain is this under today and what might happen? Could it break up? It’s not something to rule out. Moreover, it might be the most peaceful and prosperous path toward solving the intractable political problems in this country. It doesn’t mean war. It doesn’t mean economic isolation. It merely means a greater degree of self-governance than we currently have. Handled properly (which is of course highly unlikely) a breakup could be the best step forward.

The Technological Problem: The advent of huge nation-states has an ancient origin tracing to the imperial ambitions of much-vaunted leaders seeking to make their mark on history. The modern origins of such things has a 19th-century root in a different idea: Geographically large states are better at making wealth than smaller ones. The internal markets can be more diverse and robust with better control over the rules of the game. They can be more internally self-reliant and better protected against invasion.

Whether and to what extent that was true, technology today makes such arguments far less relevant. The problem of geographic proximity is ever less a concern in a digital world in which location is not as relevant as access to a network. This reality makes geographically noncontiguous political arrangements more viable than ever before.

In this way, it is no longer a necessity to be trapped inside the political territory of your residence. Many public services can become subscription models. And whether and to what extent those subscriptions pertain to geography as such — water, fire, ambulance — all depends on the service in question. Law and litigation need no longer be restricted by proximity.

The Schools: The rise of the gigantic American territorial state coincided with the advent of universal public schooling and compulsory attendance laws. People these days forget that we haven’t always had those. The main purpose was to instill civic values that preached the importance of compliance, unity and conformity. Not everyone went along but over time, they triumphed mightily. They might have been inefficient and often nonperforming but they achieved their real purpose.

Until two years ago. Unthinkably, they shut down. It was an enormous error even from a ruling-class point of view because it introduced the whole of America to the possibility of other options. Homeschooling was under a cloud and then suddenly it was mandatory. Parents did not like what they saw on Zoom and millions of people are now out in full force to push a change at the local level.

There is poetry here. The public schools are now under pressure as never before, which means that a central pillar of the unitary nation-state is suddenly in question. There are already many bills in Congress that would finally abolish the Department of Education. It’s way past time to do so.

The Money: Another factor in the building of large unitary states was the belief that the nation-state money would obtain more power and reach the more people who used it. This happened in the U.S. for sure, and it was in many ways a betrayal of history. In the early 19th century, all monies in the U.S. were based on gold and silver but foreign coins circulated freely. Most monies in the world have different names for the same thing. They cobbled together a central system of coinage by the 1880s and then a central bank by 1913. By 1971, the gold backing was gone.

No question that the dollar has benefited from the large state but we now have new ways of doing money and finance too and they are ever less dependent on geography. Any currency can become any other currency with a few clicks. And if crypto currency really is our future - and a private form of money circulates alongside a public one - this reasoning behind a unitary state has fallen apart. Forget about the whole FTX saga. That’s just a temporary blip and is actually healthy for cryptos in general because it’ll shake a lot of frauds out of the tree.

Not Soon but Maybe Later? The political divisions in the U.S. have become an enormous distraction from what should be the main job of individuals and communities in society: building better lives. That happens not through the game of capturing power and control from the other tribe but through finding ways to cooperate with others in the great project of finding peace and prosperity.

A nation doesn’t necessarily have to be forced. You can still feel like an American but have full citizenship in one of 20, 50 or 500 smaller states, each of which can have its own constitution, court system, legislature and chief executive. Nor would this mean the end of liberalism as it is historically understood. Peace and friendship can prevail between people of different political loyalties and attachments.

The transition from here to there could be painful, to be sure, but things are very painful as they are, as multiple tribes continue to tear each other apart in the great mission of grabbing the brass ring of power. It was not supposed to be this way. But the centralization and betrayal of the founding principles made it so.

My father was a great American patriot but he was also friendly to the Texas secession movement. I’m pretty sure that he favored it. Many Texans do, and the same with many in blue states too. The federal government as we know it is not the right technology for making a peaceful and prosperous world of tomorrow. Might it all break up? Might we all be better off as a result?"

Musical Interlude: Alan Parsons Project, “Ammonia Avenue”

Alan Parsons Project, “Ammonia Avenue”

"A Look to the Heavens"

“Globular clusters once ruled the Milky Way. Back in the old days, back when our Galaxy first formed, perhaps thousands of globular clusters roamed our Galaxy. Today, there are less than 200 left. Many globular clusters were destroyed over the eons by repeated fateful encounters with each other or the Galactic center. Surviving relics are older than any Earth fossil, older than any other structures in our Galaxy, and limit the universe itself in raw age.
There are few, if any, young globular clusters in our Milky Way Galaxy because conditions are not ripe for more to form. Pictured above by the Hubble Space Telescope are about 100,000 of M72's stars. M72, which spans about 50 light years and lies about 50,000 light years away, can be seen with a small telescope toward the constellation of the Water Bearer (Aquarius).”