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Tuesday, July 11, 2023

Bill Bonner, "Italy's Ghost Towns"

Elizabeth inspects Sicily’s forgotten towns.
"Italy's Ghost Towns"
Bill and Elizabeth's road trip through Sicily's near-forgotten comunes...
by Bill Bonner

Paris, France - "After the wedding, we decided to do some exploration. We were intrigued by two towns – Castiglione di Sicilia…and Troina. The former aroused our curiosity as we drove through the lava fields around Mount Etna. There it was, on the top of a hill…far above the grape vineyards and wine groves below. And when we looked it up on the internet, we discovered that it was offering free houses. So, we decided to see for ourselves.

The other town, Troina, is interesting because it was the capital of the first Norman kingdom of Sicily and also because General George Patton waged a major battle there, in WWII, for control of the city. Both cities lie on the fringes of Mt. Etna, on what was known, in WWII, as the “Etna Line” which the Germans/Italians had fortified to stop the Allied advance towards Italy. We decided to do a circuit.

It did not take us long to discover that the interior of Sicily, in July, can be very hot, very dry, and very empty. But this discovery did not come until we realized that the whole country can also be very trashy. It reminded us of Latin America. Trash along the roads. Rusty tin. Unfinished buildings. The most striking thing however, at least along the coast, is the proliferation of low-rise apartment buildings…each apartment with its own balcony…each looks as though it were built in the ‘60s or ‘70s…and each is very ugly.

A National Emergency: Who lives in these places, we wondered? Italy’s population is falling. The average Italian woman has only 1.1 children – barely half as many as are needed to keep the population stable. The government has declared it a national emergency. Many small towns look abandoned. In the countryside, too, many old houses – including some very grand relics of the 19th century – are in ruins. The situation is so desperate that the towns are trying to attract residents by offering houses for free. Would we want to live in one? We decided to find out.

We headed south to Catania and then west up across the hilly country on the other side of Mt. Etna. Once away from the coast, there was almost no traffic. A driver, however, has to stay alert. The road switches back and forth, working its way up to the higher ground.

At the lower elevations are groves of olives and lemons…not especially well maintained. Then, as you get closer to Troina, the fields open up to more serious cultivation, with large, industrial-scale agriculture…and then, on the hillsides, to pleasant farms of wheat, hay, and other field crops. Often, the hills are so steep, it’s hard to see how tractors can get around; you see tire marks in the most improbable, and possibly dangerous places.
Tony’s Tale… The countryside is much prettier and less cluttered than the cities on the coast. Many old barns are abandoned. Houses too. Sheep and cattle graze. Farmsteads look well cared for. After about an hour of driving, Troina appeared on the top of a mountain ahead. At this point, we were beginning to ask questions. What in the world is the town doing there? The ground around it does not appear especially fertile or productive. Why would Norman raiders go there? And why did Gen. Patton bother to attack it? For all we can tell, it had no military importance at all.

We got a glimpse of what it must have been like to be one of Patton’s footsoldiers from a friend, many years ago. His name was Tony Caramela. He had been with the US troops that invaded Sicily…and then the boot of Italy. "I was driving a jeep. We saw a sign that pointed to “Caramela.” So, I had to drive over there. I didn’t even know there was such a town, but it must have been where we were from. I got there…I didn’t speak very good Italian, but enough to get around. I parked the jeep and showed a local guy my dog tags.

He asked what my father’s name was…and I told him. And then he said...‘Luigi!’ And it turned out he was my father’s cousin. And then dozens of people came out to meet us. They were all cousins...aunts…uncles…and they invited us to dinner…and made a pasta. It was great. Just like my grandmother used to make. No kidding.

After a couple of hours explaining what had happened to us in America, I had to get back to my unit. But when I came back to the jeep…all the wheels were missing. At that point, my cousin started yelling… ‘How can you do that to our cousin Luigi’…or something like that. And pretty soon, some guys came back with the wheels and put them back on."
When the War Was Over: The place seemed so marginal...so out-of-the way, it was hard to see why the Normans would have made it their headquarters. Even more improbable was that the US army would turn it into a battleground. But there were photos to prove it. Along the main street at the top of the ridge, there were photos of US soldiers relaxing on the city ramparts after the battle. There is also a photo of Italian soldiers surrendering to them. Curiously, the Italians look pretty happy with themselves. They did their duty; now their war was over.

There is also a bronze statue of the man who took the photos – Robert Capa. Capa was a civilian, the only civilian photographer at the Omaha beach landing, for example. He took photos, many of them famous, for US magazines. He died in 1954 when he stepped on a landmine in Vietnam.

A museum in Troina advertises a full complement of Capa’s photos. But on this point, the tourist must be alert. Almost all museums, churches and other places you might like to visit are closed – at least when you want to visit them. This is probably a consequence of the fact that these are tourist attractions, but there are no tourists to be attracted to them.

Making our way up into town was not easy. You drive up, around, up…and up some more, through the narrow and twisty streets. And then you realize that you are stuck. You cannot go forward; the road is too narrow. And going back is treacherous. You are likely to slip off the steep, polished cobblestones and end up far below, upside down.

It was in such a predicament that we found ourselves in Troina, when a local woman happened upon the scene. This was remarkable in itself since we had seen no living human for the last half hour…and none in the town of Troina. It was a hot day. And it was 2 in the afternoon, so we assumed that they were all inside, avoiding the heat.

We asked her in Spanish…then in English. She understood neither, but got the gist of our question and suggested that we back up very slowly…and park the car along the side of the road, and walk up to the old part of town. Elizabeth got out of the car to guide us down, and after a few minutes, we were safely ensconced. The woman had meanwhile disappeared into the warren of medieval passage-ways...so we followed the main street. Silence. No cars. No voices. No air conditioners. No TVs.
The Loneliest Bartender in Town: And yet, there must have been some humans. While many of the houses appeared to be unused or abandoned, many were not. There were automobiles parked here and there…we had no idea how they got there. And many houses were handsome…with heavy stone, often adorned with crests or emblems. Some houses were marked ‘vende’ …many others would probably be for sale if the effort didn’t seem so futile. Just as there were no tourists, nor were there any eager real estate buyers. No one is going to ‘flip’ a house in Troina.

After thus walking up and up along the main drag, we finally came upon a mother and her daughter. They were in front of a large, institutional building that looked like it had been put up in the post-war years. The town seems to have enjoyed a building boom in the ‘60s…mostly repairing what was done by the US 1st Infantry. “Stop doing that,” the woman said to her daughter. The girl, about 14 or 15, was beating her head against a sign post. Elizabeth read the sign. “That’s a home for retarded children,” she explained.

We walked on. Finally reaching the town center, there was a museum, closed. There was also a Norman-era church…also closed. The town square featured tables, with umbrellas and chairs arranged on the plaza, so we could imagine happy people enjoying a cafĂ©. But you had to use your imagination; the square was as empty of people as the rest of the town.

But there was a “pub”…and the door was open. We went in. The place was clean and spacious, with a wood paneled bar and comfy booths with picture windows looking out over Mt. Etna and miles of empty countryside. Again, we could imagine how nice it would be…if there were people in it. But there were no customers, just a young man tending the bar for no one. We ordered two espressos. “I can’t see why anyone would want to live here,” said Elizabeth. “You’d feel like a rat in an abandoned city.”

"Do You Believe..."

“Do you believe,’ said Candide, ‘that men have always massacred each other as they do today, that they have always been liars, cheats, traitors, ingrates, brigands, idiots, thieves, scoundrels, gluttons, drunkards, misers, envious, ambitious, bloody-minded, calumniators, debauchees, fanatics, hypocrites, and fools?”
“Do you believe,” said Martin, “that hawks have always eaten pigeons when they have found them?”
- Voltaire

Col. Douglas Macgregor, "The Russians Have 750,000 Troops Ready To Strike"

Col. Douglas Macgregor, Straight Calls 7/11/23
"The Russians Have 750,000 Troops Ready To Strike"
"Analysis of breaking news and in-depth discussion of current 
geopolitical events in the United States of America and the world."
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Scott Ritter, 7/11/23
"The Heavy Brigade is Coming"
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Full screen recommended.
Hindustan Times, 7/11/23
"Russia Lashes Out As NATO Eases Ukraine's 
Membership Process; Says 'Don’t Cross Red Line'"
"NATO's Vilnius Summit started with a big "Ukraine provocation" for Russia. NATO has eased Ukraine's membership process by reducing it to a one-step path. NATO chief Jens Stoltenberg said this has been done to send a clear signal on its commitment to secure Ukraine. The assurance comes ahead of the Ukrainian President's appearance at the summit. Meanwhile, Russia has warned NATO against crossing the "red line."
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And this is the absolute truth about Human nature.
Something in the DNA...We just can't help ourselves...
Full screen recommended.
Steve Cutts, "A Brief Disagreement"
"A visual journey into mankind's favorite pastime throughout the ages."

"Massive Price Increases On Meat At Meijer! Stocking Up On Deals! What's Coming?"

Full screen recommended.
Adventures With Danno, 7/11/23
"Massive Price Increases On Meat At Meijer! 
Stocking Up On Deals! What's Coming?"
"In today's vlog, we are at Meijer and are noticing that meat prices are starting to skyrocket! We are here to stock up on the best sales possible as the prices for groceries continue to rise in cost."
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Greg Hunter, "Normal is Over "

"Normal is Over "
by Greg Hunter’s USAWatchdog.com

"Analyst and financial writer John Rubino has been warning for years that a systemic crash was always in the cards because of the enormous unpayable debt buildup. The debt for America has never been more extreme. Now, there is a new wrinkle in the equation for an elite class wanting to hang onto power, and that is war – a nuclear war. Rubino says, “These neocon chickenhawk psychopaths who are running Biden’s foreign policy are going to try to extend U.S. domination around the world. 5% of the world’s population is going to rule the other 95% of the population in perpetuity. They see this as a ‘New American Century’ to be imposed by force, and they are willing to risk nuclear war to do that. It’s baffling.”

Even if there is no wider war, Rubino says a systemic crash is closer than ever because of the massive amount of debt that even the common man knows will never be paid back. Rubino says, “You cannot borrow the amount of money we have borrowed, it’s something like $700 trillion if you add everything in, it’s many times the GDP. You can’t take on that kind of debt and then go back to normal. Normal is over. This would be like you or me borrowing $20 million on credit cards. There is no way you can go back to normal. The guys in charge of monetary policy are pretending they don’t know that or they actually don’t know that. You can’t tell whether they are an idiot or an evil genius. It is clear that they are not correct when they say they can give us a ‘soft landing’ and get us back to organic sustainable growth. You cannot borrow this kind of money without a gigantic crisis to wipe out that debt.”

There is some good news as Rubino contends, “They are telling us bigger and bigger and more ornate lies. More and more people are starting to see through those lies.” Rubino says this is a phenomenon called a ‘trust horizon,’ and it is shrinking for most people. Rubino explains, “Right now, people are trusting fewer and fewer of those big distant systems, and they are looking closer to home. Would you trust the governor? Maybe not, but you might trust the mayor because they can meet the mayor and shake hands with him. You might trust the local farmers because you don’t trust the big food companies anymore. And that’s what is happening in society right now. The trust horizon is shrinking back to a local level.”

When it comes down to it, Rubino thinks we will all be facing only two choices to get rid of all the unpayable debt. Rubino says, “When the first domino falls and starts knocking the other dominos over, the government is looking at a 1930’s style deflationary depression as everybody defaults on their debt, or they come back with a gigantic bailout because it is the only other thing they can do. They give up on inflation and create as many new trillions of dollars that it takes to stop the bleeding. Then currencies start falling and inflation starts spiking, and basically, it’s game over.” One of these two choices is coming sooner than you think, according to Rubino. There is much more in the 40-minute interview."

Join Greg Hunter as he goes One-on-One with financial 
writer John Rubino and his new enterprise called Rubino.Substack.com

Monday, July 10, 2023

"NATO Alert: 'Coalition Of The Willing'; Belarus Airspace; Serbia Stops Arms Exports"

Full screen recommended.
Canadian Prepper, 7/10/23
"NATO Alert: 'Coalition Of The Willing'; 
Belarus Airspace; Serbia Stops Arms Exports"
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"US Cities Look Worse Than Mad Max; Used Car Market Crash; Churches Have Sold You Out"

Jeremiah Babe, 7/10/23
"US Cities Look Worse Than Mad Max;
 Used Car Market Crash; Churches Have Sold You Out"
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"Food Manufacturers Are Shrinking Products! Shrinkflation Is Everywhere!"

Adventures With Danno, PM 7/10/23
"Food Manufacturers Are Shrinking Products!
 Shrinkflation Is Everywhere!"
"We expose the truth on food manufacturers and the massive shrinkflation going on, and explain how all of these major grocery stores are price gouging! We are starting to notice massive shrinkflation everywhere! It's getting rough out here as many families struggle to put food on the table!"
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Musical Interlude: Deuter, "Endless Horizon"

Full screen recommended.
Deuter, "Endless Horizon"

"A Look to the Heavens"

"Northern winter constellations and a long arc of the Milky Way are setting in this night skyscape looking toward the Pacific Ocean from Point Reyes on planet Earth's California coast. Sirius, alpha star of Canis Major, is prominent below the starry arc toward the left. Orion's yellowish Betelgeuse, Aldebaran in Taurus, and the blue tinted Pleiades star cluster also find themselves between Milky Way and northwestern horizon near the center of the scene.
The nebulae visible in the series of exposures used to construct this panoramic view were captured in early March, but are just too faint to be seen with the unaided eye. On that northern night their expansive glow includes the reddish semi-circle of Barnard's Loop in Orion and NGC 1499 above and right of the Pleiades, also known as the California Nebula."

Free Download: Rainer Maria Rilke, "Letters to a Young Poet"

"Perhaps all the dragons in our lives are princesses who are
only waiting to see us act, just once, with beauty and courage.
Perhaps everything that frightens us is, in its deepest essence,
something helpless that wants our love."
- Rainer Maria Rilke, "Letters to a Young Poet"

"The Restless Heart" 
by Chet Raymo

In "Letters to a Young Poet", Rainer Maria Rilke writes: "We should try to love the questions themselves, like locked rooms and like books that are written in a very foreign tongue." To which I would add, let us trust the gifts that nature has given us- curiosity, attention, reason- and if our personal lives are destined for oblivion, then know that we have made of ordinary things something grander and more enduring. We are the transformers. We are bestowers of praise. "Don't search for the answers, which could not be given to you now, because you would not be able to live them," Rilke advises the restless young poet, echoing the great Catholic mystics: "And the point is, to live everything. Live the questions now. Perhaps then, someday far in the future, you will gradually, without even noticing it, live your way into the answer."

Is it enough? In the long history of humanity, no hope has been so enduring as personal immortality. At every time and in every place men and women have assumed they will live forever. It is our solace, our balm for the restless heart. Even Neanderthals, it seems, placed flowers in the graves of their dead, presumably to grace the afterlife.

But the lesson of modern biology is clear: Death is final. Do we lapse then into morbidity? Do we rage, rage against the dying of the light? We have art. We have science. Even a rhyme can thumb its nose at death, says Seamus Heaney. We can each of us try to live our lives as poetry, to add to the world an element of graciousness that is not strictly necessary, to leave behind a spoor of rhymes that marks our passage on the Earth.

Yes, the spirit is flesh, but the spirit is more than flesh. The spirit is flesh in interaction with a universe of almost unimaginable grandeur and complexity. The windows of the flesh are thrown open to the world. The spirit is a wind of awareness, a pool stirred by angels."

Some part of the spirit will linger after the flesh is gone, as memories in other flesh, as words, music, science, rhymes- as a world nudged slightly in its pell-mell course towards good or bad. But the self is mortal: This is the existential fact that agitates the restless heart. "We are biological and our souls cannot fly free," writes Harvard biologist E. O. Wilson, summarizing what science has taught us about ourselves. He adds: "This is the essential first hypothesis for any consideration of the human condition."
Freely download or read online "Letters to a Young Poet",
 by Rainer Maria Rilke, here:

"Immortality in Passing: Poet Lisel Mueller, Who Lived to 96, On What Gives Meaning to Our Ephemeral Lives"

"Immortality in Passing: Poet Lisel Mueller, Who Lived to 96,
On What Gives Meaning to Our Ephemeral Lives"
by Maria Popova

“When you realize you are mortal you also realize the tremendousness of the future. You fall in love with a Time you will never perceive,” the poet, painter, and philosopher Etel Adnan observed as she beheld impermanence and transcendence at the foot of a mountain. “By the grace of random chance, funneled through nature’s laws,” the poetic physicist Brian Greene wrote in his beautiful meditation on our search for meaning in a cold cosmos, “we are here.”

And then we are not.

We die. All of us - atoms to atoms, stardust to stardust, the mountain to the sea - you and I. The dual awareness of our improbable life and our inevitable death is what allows us to animate the interlude with love and beauty, with poems and fairy tales and poems, with general relativity and Nina Simone. It is what puts into perspective just how fleeting and vacant and self-embittering all of our angers and blames and resentments are in the end - what beckons us, instead, to “leave something of sweetness and substance in the mouth of the world.”

That is what the late, great Lisel Mueller (February 8, 1924–February 21, 2020) - one of the most original, deepest-seeing poets of our time - explores with great subtlety and profundity disguised as levity in the poem “Immortality” from her final poetry collection, the Pulitzer-winning masterpiece "Alive Together" (public library).

"Immortality"

"In Sleeping Beauty’s castle
the clock strikes one hundred years
and the girl in the tower returns to the world.
So do the servants in the kitchen,
who don’t even rub their eyes.
The cook’s right hand, lifted
an exact century ago,
completes its downward arc
to the kitchen boy’s left ear;
the boy’s tensed vocal cords
finally let go
the trapped, enduring whimper,
and the fly, arrested mid-plunge
above the strawberry pie,
fulfills its abiding mission
and dives into the sweet, red glaze.

As a child I had a book
with a picture of that scene.
I was too young to notice
how fear persists, and how
the anger that causes fear persists,
that its trajectory can’t be changed
or broken, only interrupted.
My attention was on the fly;
that this slight body
with its transparent wings 
and lifespan of one human day
still craved its particular share
of sweetness, a century later.

- Lisel Mueller

“Immortality” by Lisel Mueller (read by Maria Popova) 

(Two centuries earlier, William Blake explored the same eternal subject though the same creature in his short existentialist poem “The Fly.”)

In the front matter of this altogether miraculous book, where an epigraph would ordinarily appear, Mueller offers a short poem that becomes a kind of chorus line for the entire collection, but emerges as an especially harmonizing counterpart to “Immortality” in particular:


Complement these fragments of the wholly transcendent Alive Together with physicist Alan Lightman on our yearning for immortality in a universe governed by decay, Pico Iyer on finding beauty in impermanence, and Marcus Aurelius on mortality as the key to living fully, then revisit Barbara Ras’s bittersweet, buoyant, perspective-calibrating poem “You Can’t Have It All” and Marilyn Nelson’s magnificent ode to how we fill our impermanence with importance, “Faster Than Light.”
"The Backdoor to Immortality: Marguerite Duras 
on What Makes Life Worth Living in the Face of Death"

“What exists, exists so that it can be lost and become precious,” Lisel Mueller wrote as she weighed what gives meaning to our mortal lives in a stunning poem - one of the hundreds that outlived her as she returned her borrowed stardust to the universe at ninety-six. And yet, by some felicitous deviation from logic - perhaps an adaptive imbecility essential for our mental and emotional survival, one of the touching incongruences that make us human - the moment something becomes precious to us, we quarantine the prospect of its loss in some chamber of the mind we choose not to enter. On some deep level beyond the reach of reason, we come to believe that the people we love are - must be, for the alternative is a fathomless terror - immortal.

And so, when a loved one dies, this deepest part of us grows wild with rage at the universe - a rage skinned of sensemaking, irrational and raw, unsalved by our knowledge that the entropic destiny of everything alive is to die and of everything that exists to eventually not, even the universe itself; unsalved by the the immense cosmic poetry hidden in this fact; unsalved by the luckiness of having lived at all against the staggering cosmic odds otherwise; unsalved by remembering that only because ancient archaebacteria were capable of dying, as was every organism that evolved in their wake, we and the people we love and the people we lose came to exist at all."
- Maria Popova
Full article here: https://mailchi.mp/
Related, highly recommended:

“‘Bloom’: A Touching Animated Short Film About Depression and What It Takes to Recover the Light of Being”

“‘Bloom’: A Touching Animated Short Film About
Depression and What It Takes to Recover the Light of Being”
by Maria Popova

“Sometimes one has simply to endure a period of depression for what it may hold of illumination if one can live through it, attentive to what it exposes or demands,” the poet May Sarton wrote as she contemplated the cure for despair amid a dark season of the spirit. But what does it take to perch that precarious if in the direction of the light? When we are in that dark and hollow place, that place of leaden loneliness and isolation, when “the gray drizzle of horror induced by depression takes on the quality of physical pain,” as William Styron wrote in his classic account of the malady – an indiscriminate malady that savaged Keats and savaged Nietzsche and savaged Hansberry – what does it take to live through the horror and the hollowness to the other side, to look back and gasp disbelievingly, with the poet Jane Kenyon: “What hurt me so terribly… until this moment?”

During a recent dark season of the spirit, a dear friend buoyed me with the most wonderful, hope-giving, rehumanizing story: Some years earlier, when a colleague of hers – another physicist – was going through such a season of his own, she gave him an amaryllis bulb in a small pot; the effect it had on him was unexpected and profound, as the effect of uncalculated kindnesses always is – profound and far-reaching, the way a pebble of kindness ripples out widening circles of radiance. As the light slowly returned to his life, he decided to teach a class on the physics of animation. And so it is that one of his students, Emily Johnstone, came to make ‘Bloom’ – a touching animated short film, drawing from the small personal gesture a universal metaphor for how we survive our densest private darknesses, consonant with Neil Gaiman’s insistence that “sometimes it only takes a stranger, in a dark place… to make us warm in the coldest season.”
Complement with Tim Ferriss on how he survived suicidal depression and Tchaikovsky on depression and finding beauty amid the wreckage of the soul, then revisit “Having It Out with Melancholy” – Jane Kenyon’s stunning poem about life with and after depression.”

The Daily "Near You?"

Lee's Summit, Missouri, USA. Thanks for stopping by!

"Surely..."

"It's 3:23 A.M. and I'm awake because my great great 
grandchildren won't let me sleep. They ask me in dreams,
'What did you do while the planet was plundered?
What did you do when the earth was unraveling?
Surely you did something when the seasons started flailing?
As the mammals, reptiles and birds were all dying?
Did you fill the streets with protest?
When democracy was stolen, what did you do once you knew?
Surely, you did something...'"  

- Drew Dellinger

"Our Lives..."

 

"Gregory Mannarino, 7/10/23"

Gregory Mannarino, PM 7/10/23
"Corporate Bankruptcies Skyrocket; 
Household Net Worth Drops"
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Stansberry Research, 7/10/23
"The Fed's New Feudal System Will Wipe Out the Middle Class"
“We are existing in an environment of lies, upside-down, backward, and sideways, where nothing makes sense,” says Greg Mannarino, founder of traderschoice.net and financial strategist. He stresses that people should remain skeptical of what the Federal Reserve is telling them because “the polar opposite is true.” Mannarino sees de-dollarization as a real risk and warns that that “America is on borrowed time and the current system is in free-fall.” He argues that the U.S. has had the privilege of having the world reserve currency for many years, which has “allowed the U.S. to live a lifestyle that it’s not entitled to” due to its ability to impact inflation around the world. Mannarino concludes that the Fed is trying to establish “a new feudal system” that wipes out the middle class. “Things are changing very very rapidly,” he warns."
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"How It Really Is"

 

"Hit The Road Jack"

Full screen recommended.
Dan, I Allegedly 7/10/23
"Hit The Road Jack"
"People are fleeing the big cities. Crime is a huge problem. Homelessness is getting worse by the day. Plus, these cities don’t wanna protect people and prosecute crime. Now we hear that people want to leave Seattle."
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Since you insist...

Bill Bonner, "The Hardest Landing"

"The Hardest Landing"
Plus rocketing rates, labor market revisions,
 $100 million yachts and plenty more...
by Bill Bonner

Taormina, Sicily - "Wealth, power, status…and love. Those are the things we all want. Love is in a class of its own – immeasurable and imponderable. But the others are all relative. So, we felt sorry for the owner of a huge mega-yacht that came into the harbor yesterday. Sleek and long…with its own starched-white crew and chef…worth maybe $50-$100 million. The rule of thumb is that annual operating expenses come to about 10% of the purchase price.How proud the owner must have been! His friends and family aboard…all impressed by his floating palace…But then, mooring in the Taormina bay…the poor owner must have felt like he needed a second job and a penis enhancement; the yacht was dwarfed by other super-super yachts already in the harbor. Welcome to the world of the rich…in Taormina, Sicily.

Rates Rocket: We are in Sicily attending a wedding. Despite all the advances in technology – AI, cryptos, and luggage with wheels…and all the advances in public policy – the Patriot Act, war in the Ukraine, removing statues, and almost 13 years of negative real interest rates…and progress in society itself – using ‘they’ to describe a single person, taking pride in things that used to be unmentionable and unpardonable, and recognizing that we are all hopeless racists…people still hitch themselves, one to another, like plow-horses.

And sometimes they want to do it in exotic locations…which is why we are here. The wedding went smoothly, elegantly. And then we spent the weekend exploring the countryside…including the towns of Castiglione di Sicilia and Troina, where we heard they were giving away houses. More about that…tomorrow.

Today, let us look at the most important thing to happen in the financial markets. Benzinga reports: "10-Year Treasury Yields Rise Above Inflation For The First Time In Three Years." "In a significant market development, the yield on the 10-year U.S. Treasury note surpassed the rate of inflation for the first time in more than three years. With the current yield at 4.04% and inflation recorded at 4% year-on-year in May 2023, this milestone signals a crucial market shift."

When bond yields surge above inflation, the dynamics change dramatically. And here’s the Reuters’ report: "US two-year Treasury yield surges to 16-year high after employment data." "The two-year U.S. Treasury note yield rose to its highest level since June 2007 on Thursday after news that private payrolls jumped in June, showing that the labor market remains surprisingly strong despite risks of recession from higher interest rates."

‘Piping Hot’: What sent interest rates shooting up was news, last week, which told us that the labor market is ‘piping hot.’ We don’t believe it really is; most of the new jobs are actually second jobs, taken by people who are desperate to keep up with rising costs. But the news, along with chatter from the Fed, convinced traders that the Fed will stick with its rate hikes a while longer. Stocks sold off as a result. But not nearly as much as they need to. By our reckoning, the Primary Trend in interest rates has turned up…which means asset prices must go down a lot more.

Interest rates have been increasing for the last 3 years – since July of 2020. That is the Primary Trend. And after 40 years of lower and lower borrowing costs, in which mortgage rates fell from over 15% to under 3%, our economy is not prepared for such an important change. Too many people borrowed too much money that must now be repaid…refinanced…and/or supported at much higher rates. But so far, so good. The Nasdaq had its best first half in 40 years. The S&P 500 rose 16%. Jobs are still plentiful (though, not necessarily good jobs). And the economy is still growing at 2% per year.

So, comes the question: is our theory wrong? Can the US economy…and its asset prices…continue to grow and prosper, even as interest rates go up? Or not?

Hard Landing: Our grandfather lived through the crash of ‘29 and the Great Depression. His bank failed and he lost all his savings. We may have told you this story before, but we’ll tell you again; he reported: "It was rough. After the Black Friday crash, the stock market bounced back a bit. People thought the worst was over. But then, the banks failed. I had an office in one of the tall buildings downtown [Baltimore]. We didn’t have air conditioning back then, so we left the windows open. And one day a guy jumped out of one the offices above me. I heard him say as he passed by my window: ‘All right so far.’" (One of the things we most admired about our grandfather was that even though he had lost all his money, he never lost his good humor.)

David Rosenberg must see the bodies coming down, too. On TV news over the weekend, he said it was ‘totally ridiculous’ to think that there would be no hard landing. He went on to say that the next 12 months will tell the tale, as Adjustable Rate Mortgage payments approximately double…and the federal government’s own bill from interest on the national debt goes over $1 trillion per year. We don’t know for sure what tale the coming months will tell, but we expect it will end with a thud."

"Joe Biden And His Warmongering Minions Seem Absolutely Determined To Drag America Into World War III"

"Joe Biden And His Warmongering Minions Seem
 Absolutely Determined To Drag America Into World War III"
By Michael Snyder

"When the nukes start falling, nobody will be able to say that they weren’t warned. Thanks to Joe Biden and his warmongering minions, we are steamrolling toward World War III, but most Americans don’t seem to care. Most of us just continue to party our lives away, but meanwhile our leaders seem absolutely determined to drag us into an apocalyptic conflict. The Biden administration is constantly provoking China and constantly escalating the war in Ukraine, and one of these days they could cross a line that will never be able to be uncrossed. They are literally playing with fire, but they won’t be the only ones that get burned if they push things too far.

This week, we learned that the Biden administration has decided to give cluster munitions to Ukraine as part of a new $800 million military assistance package. If you don’t know what cluster munitions are, here is a pretty good explanation from NBC News…"The dual-purpose improved conventional munitions, or DPICMs, are surface-to-surface warheads that explode and disperse multiple small munitions or bombs over wide areas — bringing more widespread destruction than single rounds. The rounds can be charges that penetrate armored vehicles, or they can shatter or fragment to be more dangerous for people." Some human rights groups oppose their use because of concerns that unexploded bomblets, or duds, could explode after battle, potentially injuring or killing innocent civilians. 

These weapons are considered to be extremely dangerous to civilians, because many of them fail to go off initially and end up getting detonated by civilian activity much later…"As the bomblets fall over a wide area, they can endanger non-combatants. In addition, somewhere between 10% to 40% of the munitions fail, according to the International Committee of the Red Cross. The unexploded munitions can then be detonated by civilian activity years or even decades later. The Cluster Munition Coalition, an activist group trying to get the weapons banned everywhere, says potentially deadly cluster submunitions still lie dormant in Laos and Vietnam 50 years after their use."

As you can see, there is a reason why so many countries have banned the use of such weapons. In fact, at this point more than 120 nations have agreed to ban them…"A convention banning the use of cluster bombs has been joined by more than 120 countries who agreed not to use, produce, transfer or stockpile the weapons and to clear them after they’ve been used. The United States, Russia and Ukraine are among the countries that have not signed on.

But even though there is such an international consensus, the Biden administration is sending them to Ukraine anyway…"But White House national security adviser Jake Sullivan said the munitions were critical for Ukraine to sustain its military operations against the Russian invaders. “We will not leave Ukraine defenseless at any point in this conflict, period,” he said."

Why aren’t more people talking about Jake Sullivan? He is a warmongering nutjob, and Joe Biden does pretty much whatever Jake Sullivan tells him to do. And so when Jake Sullivan suggests provoking China again, Joe Biden goes along with it.

Zero Hedge is reporting that the U.S. will now start providing Volcano Vehicle-Launched Scatterable Mine Systems to Taiwan…"Taiwan has finalized a new defense deal with the US worth $146 million to acquire Volcano Vehicle-Launched Scatterable Mine Systems, seen as crucial for defense of the self-ruled island in the event of a Chinese military invasion. This comes the same week the State Department announced approval for $440 million more in ammo and logistics deals for Taiwan.

The pending Volcano mine-laying systems deal had first been previewed by the US Defense Security Cooperation Agency in December 2022. It additionally included M977A4 trucks, M87A1 anti-tank mines, as well as M88 and M89 training munitions."

Needless to say, this is yet another move that has greatly angered the Chinese. And our trade war with China just went to another level. In response to new restrictions imposed by the U.S., China has just implemented export controls on two absolutely critical raw materials…"A trade war between China and the United States over the future of semiconductors is escalating.

Beijing hit back Monday by playing a trump card: It imposed export controls on two strategic raw materials, gallium and germanium, that are critical to the global chipmaking industry. “We see this as China’s second, and much bigger, counter measure to the tech war, and likely a response to the potential US tightening of [its] AI chip ban,” said Jefferies analysts. Sanctioning one of America’s biggest memory chipmakers, Micron Technology (MU), in May was the first, they said."

Ever since Joe Biden entered the White House, our relations with China have gone into the dumpster. And I think that there is a chance that the Chinese could actually choose to invade Taiwan before Joe Biden’s time in the White House is over. If that happens, it would be a complete and utter catastrophe for the global economy…"A military conflict over Taiwan would set the global economy back decades because of the crippling disruption to the supply chain of crucial semiconductors, according to the head of one of the island’s leading makers of microchips. Taiwan, a self-ruling democracy about 100 miles off China, makes the world’s most advanced microchips - the brains inside every piece of technology from smartphones and modern cars to artificial intelligence and fighter jets."

We simply cannot afford for such a war to happen, because we must have access to those chips. Without the chips that Taiwan produces, we would be in a world of hurt…"The island is a microchip fabrication hotbed, producing 60% of the world’s semiconductors — and around 93% of the most advanced ones, according to a 2021 report from the Boston Consulting Group. The U.S., South Korea and China also produce semiconductors, but Taiwan dominates the market, which was worth almost $600 billion last year."

So why don’t we just start building more chips in the United States? Well, a 40 billion dollar factory is going to be constructed in Arizona, but it is many years away from completion…"The U.S., which produces about 10% of the world’s semiconductor chips and none of the most advanced ones, is also trying to boost domestic manufacturing, offering tax incentives for projects like the $40 billion factory being built in Arizona by the Taiwanese chip giant TSMC. But building such a complex industry will take time, Wu said. “I would say 10 years,” he added."

If our leaders were smart, they would be trying to find a way to maintain peace. But instead they just keep antagonizing both Russia and China, and that is just pushing them closer to one another…"China said it wants closer ties with Russia’s military, a sign Moscow still has Beijing’s support after the aborted Wagner mutiny. Chinese Defense Minister Li Shangfu said in a meeting Monday with Nikolai Yevmenov, commander-in-chief of Russia’s navy, that “with the joint efforts of both sides, the relations between the two militaries will continue to deepen and solidify, constantly make new progress and reach a new level.”

If we end up fighting Russia and China at the same time, it would be a nightmare. And needless to say, such a conflict would inevitably go nuclear, and a full-blown nuclear war would have the potential to kill billions of people…So let us pray for peace. Unfortunately, our leaders don’t seem interested in peace at all. Joe Biden and his warmongering minions are playing a very dangerous game, and the fate of humanity hangs in the balance."
o
Full screen recommended.
"What would happen if a nuclear war were to be sparked between Russia and the United States today? Who would survive? In our most scientifically realistic simulation to date, we show what a nuclear war between Russia and the United States might look like today. It is based on detailed modeling of nuclear targets, missile trajectories, and the effects of blasts, EMPs, and smoke on the climate and food resources."
Comments here:
o
Full screen recommended.
"What Would Happen If A Nuclear Bomb
 Was Dropped On a UK City?" 
"It's a question that was once incredibly important, then became less relevant, but with current global politics has come back to the fore – What would happen after a nuclear strike? Mike Fernie investigates this brutally apocalyptic subject matter by visiting Scotland's secret bunker in the Kingdom of Fife, diving into the science and engineering behind both atomic and hydrogen weapons."
Comments here:
o
The psychopaths are absolutely determined to get us all killed in a nuclear war. It all seems horrifyingly unstoppable and inevitable. It's just a matter of time...God help us, God help us all...

Jim Kunstler, "The Blob Begins to Quiver"

"The Blob Begins to Quiver"
By Jim Kunstler

“…the Permanent State lacks the courage to take hard decisions – to say to Moscow, ‘Let us put this unfortunate episode (Ukraine) behind us. Dig out those draft treaties you wrote in December 2021, and let’s see how we can work together, to restore some functionality again to Europe’.” - Alasdair Crooke

"When you deny what is self-evident, you are at war with reality, and that never ends well. This is the ultimate disposition of our country’s years-long misadventure in maximum dishonesty. The American administrative Blob has not just lied about everything it does, but used the government machinery at hand to destroy everything it touches in a terminal-hysterical effort to cover up its misdeeds - including especially its crimes against its own people.

Get this: there is no way that Ukraine can avoid defeat in its US-provoked struggle with Russia. Russia has every advantage. It is next door to Ukraine. It has robust arms production capacity. The terrain of the war is its own historic “borderland,” which it has controlled since the 18th century, except for the past thirty years when Ukraine functioned as Grift Central for US military contractors and their political enablers. Despite massive arms assistance from the US and grudging contributions from the NATO contingent in Europe, there is almost nothing left of the Ukrainian military in troops, equipment, and munitions. Ukraine will return eventually to demilitarized “borderland” status.

What are NATO’s alternatives now? It can try to return to negotiation. Russia has no reason to trust that process, given how the Minsk 1 and 2 accords worked out (NATO and the US willfully and dishonestly voided them). The US and NATO could send their own troops into Ukraine, but that would be suicide, considering the alliance’s arms and munitions drawdown and America’s feminized army. The US could go a little further and provoke a nuclear exchange (suicide by other means) - and given the level of terminal-hysterical insanity in the US Blob, that’s not out of the question.

One likely, reality-based alternative is to stand by and let Russia complete its Special Military Operation to pacify and neutralize Ukraine. The prevailing theory is that this would be the end of America’s world dominance militarily, and effectively the end of NATO, but also the end financially for the US, as the non-West abandons the dollar. In that scenario, the BRICs dump their trillions in US bond holdings, sending all that putative “money” back to America, stoking a king-hell inflation, effectively bankrupting us. It would be the final fruit of the disastrous “Joe Biden” regime imposed on us via election fraud by the Blob: the US reduced in a few short years to a broke, socially disordered, marginalized power susceptible to its own political breakup - not a tantalizing outcome, but perhaps better than turning the planet Earth into a smoldering ashtray.

That outcome would force our country to turn inward and face its own stupendous failures of honor, decency, and integrity. It would be the end of the Blob’s hegemony inside the USA. The question is whether the Blob sets America’s house on fire in the attempt to save itself and escape a legal accounting for its crimes. One kindling stack already burning is the pile-up of jive prosecutions aimed at Mr. Trump. You know that the attempt to kick him off the game-board using Special Counsel Jack Smith may easily lead to severe civil disorder, and possibly a counter-coup, a US first!

The current Mar-a-Lago “Doc Box” case is as much a complete fabrication as were RussiaGate and Impeachment Number One - Mr. Trump’s telephone inquiry to Ukraine about the Biden family grifting operations there, now firmly documented to be true. An upright judge would summarily dismiss the Mar-a-Lago case and slam sanctions on the US attorneys involved, including disbarment and criminal investigation for mounting a maliciously fraudulent prosecution. AG Merrick Garland and his deputy, Lisa Monaco, obviously would have some ‘splainin’ to do, possibly before juries.

A long list of public figures populating the Blob await a reckoning: Hillary and Bill Clinton and their retainers, Barack Obama and retinue, John Brennan, James Clapper, James Comey, Christopher Wray (plus Rosenstein, Strzok, McCabe, Carlin, Ohr, Mueller, Weissmann, Horowitz, Atkinson, Ciaramella, Vindman), Rep. Adam Schiff, Senator Mark Warner, William Barr, Avril Haines, Marie Yovanovitch, William Burns, James Boasberg, Marc Elias, Michael Bromwich, David Laufman, Alejandro Mayorkas, Xavier Baccera, Anthony Fauci, Rochelle Walensky, Francis Collins, Lloyd Austin. Mark Milley, Antony Blinken, Jake Sullivan, Ron Klain, Nancy Pelosi, Liz Cheney… the list goes way on, but there’s a start.

The weeks of summer 2023 are the fulcrum for a great public attitude adjustment. The Blob’s psy-ops are finally failing among just enough of the formerly mind-f**ked to tip the national consensus against the gang behind all this treasonous political depravity. Even the so-called mainstream media is running scared. If they happened to turn in a desperate act of self-preservation, it will be all over for the Blob."
- https://kunstler.com/

"Power Grid Down: Could We Survive A Critical Infrastructure Collapse?"

Full screen recommended.
Adventures With Danno, 7/10/23
"Power Grid Down: 
Could We Survive A Critical Infrastructure Collapse?"
"We discuss what life would be like if the entire power grid went down. If our critical infrastructure ever collapses, this would be catastrophic! We go over many different scenarios and how we should prepare for this kind of event."
Comments here:
o
Meanwhile, elsewhere...
Full screen recommended. 
Travelling with Russell, 7/10/23
"Russian IKEA Has Finally (Re)Opened: Good LAKK"
"Good Lakk (Good Luck) is the Russian answer to IKEA. In this video go inside the first store in Russia to see what its really like. How will Good Lakk compare to a Russian IKEA store? What are the differences?"
Comments here:
And how are the malls and stores where you are, Good Citizen?

Sunday, July 9, 2023

"72 Hours Until We Find Out: USD Collapse Or Nuclear Armageddon!"

Full screen recommended.
Canadian Prepper, 7/9/23
"72 Hours Until We Find Out: 
USD Collapse Or Nuclear Armageddon!"
Comments here:

"Middle Class Can't Afford Walmart Prices As Massive Increases Hit Stores"

Full screen recommended.
"Middle Class Can't Afford Walmart Prices 
As Massive Increases Hit Stores"
by Epic Economist

"Walmart prices are rising at a brisk pace in 2023. While consumers are seeing the cost of everyday essentials go through the roof, the company’s executives say that food inflation is likely to persist for much longer than expected, At the same time, the retail giant’s profits are reaching new records But the vast majority of Americans haven’t seen their incomes rising accordingly, and that’s especially true for middle-income households. Right now, middle-class workers are coping with the highest cost of living in decades, and many of them can no longer afford to shop at Walmart and are flocking to discount stores instead. In fact, the chain’s CEO Doug McMillion revealed that 75% of Walmart's new customers are upper-income Americans, who make over $100,000 a year. That indicates there’s something extremely wrong with the American middle class right now. This group is known worldwide for its purchasing power and economic strength, and for years, it actively contributed to the growth of the megaretailer. The most notable revelation comes from a new study that exposes Walmart has everything to do with the decline of the US middle class.

Despite reporting a 7.33% profit growth. the world’s biggest retailer is warning about weaker sales volume for the rest of 2023 and shared a gloomy forecast last month, noting that abnormally high food inflation is likely to drive away low and middle-income shoppers from its stores. According to an analysis by GOBankingRates, over the past 12 months, grocery prices have risen at Walmart stores by an average of 27.2%. The biggest increases happened in the meat category, followed by produce, and dry goods.

During the past three quarters, most of Walmart’s growth in the grocery segment was fueled by customers with annual household incomes higher than $100,000 the company’s chief financial officer John David Rainey told CNBC.

Meanwhile, inflation has prompted middle-class shoppers to rethink their consumption strategies. Over the past couple of years, many Americans started to feel substantially poorer whenever they shop for groceries or hit the gas pump. Data released by the Pew Research Center shows that 71% of middle-class workers say their incomes aren’t keeping up with the rising cost of living, and now these consumers are currently looking for value to save money. The Wall Street Journal reported that average spending on grocery products at discount chains increased 71% from Oct. 2022 to June 2023. The survey also revealed that dollar store sales went up by 14% in the past quarter.

The truth is that this company we’ve grown to love has done a lot to destroy the American middle class. “Walmart’s history is the story of what has gone wrong in the American economy. Wages have stagnated. The middle class has shrunk. The ranks of the working poor have swelled. Whatever we may have saved shopping at Walmart, we’ve more than paid for it in diminished opportunities and declining income,” Mitchell stresses.

At this point, it’s clear that this group is losing access to the empire they helped to create. In many ways, Walmart’s ascension led to the collapse of the US middle class, and as the retailer attracts shoppers with a lot more money to spend, they no longer seem to care about the needs of everyday Americans, who are still the backbone of our entire economy."
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"Eating From Dollar Store Dumpsters In The Booming US Economy; US Consumers Getting Desperate"

Jeremiah Babe, 7/9/23
"Eating From Dollar Store Dumpsters In The 
Booming US Economy; US Consumers Getting Desperate"
Comments here:

"They Really Regret This"

Full screen recommended.
Dan, I Allegedly 7/9/23
"They Really Regret This"
"So many people have spent over $70,000 in an electric car. And who can afford this? Now people are admitting that they really regret these purchases."
Comments here:

Musical Interlude: Juzzie Smith, "Bluesberry Jam"

Juzzie Smith, "Bluesberry Jam"
The amazingly, incredibly talented one-man-band! Enjoy! lol

"A Look to the Heavens"

“The constellation of Orion holds much more than three stars in a row. A deep exposure shows everything from dark nebula to star clusters, all embedded in an extended patch of gaseous wisps in the greater Orion Molecular Cloud Complex. The brightest three stars on the far left are indeed the famous three stars that make up the belt of Orion. Just below Alnitak, the lowest of the three belt stars, is the Flame Nebula, glowing with excited hydrogen gas and immersed in filaments of dark brown dust.
Below the frame center and just to the right of Alnitak lies the Horsehead Nebula, a dark indentation of dense dust that has perhaps the most recognized nebular shapes on the sky. On the upper right lies M42, the Orion Nebula, an energetic caldron of tumultuous gas, visible to the unaided eye, that is giving birth to a new open cluster of stars. Immediately to the left of M42 is a prominent bluish reflection nebula sometimes called the Running Man that houses many bright blue stars. The above image, a digitally stitched composite taken over several nights, covers an area with objects that are roughly 1,500 light years away and spans about 75 light years.”