Friday, December 25, 2020

"End The Great American Myth - Secession, Not Revolution"

"End The Great American Myth - Secession, Not Revolution"
by Tom Luongo

"I remember the 1970s driving around New York City with my family during the holidays like they were yesterday. Back then the talk in the front seat of the car between my parents was New York City's bankruptcy. My dad, NYPD at the time, was as much a part of this as anyone since the Police pension fund helped bail out the city government back then.

The West Side Highway fell down and because of that I grew up with a fear of heights and, especially bridges. I really hated taking the back way (New Jersey) into Staten Island. The mere mention of the Outer Bridge crossing would nearly put me into a panic attack. I remember thinking then, 'If these people can't pay the bills now, what's it going to be in ten or twenty years?' Sure, I was a naive ten or eleven at the time and had no idea about capital flight, but the sentiment was sound.

Even then the Emperor was naked to this child's eyes. This was Rome near the end and the Sword of Damocles hung over the heads of my generation in ways we could barely articulate. So, for me, the idea of the U.S. breaking up into its component parts has been a constant companion most of my adult life. And, as a libertarian, I always think in terms of secession first, rather than revolution. It sits on my shoulder whispering in my ear the truth of what's in front of us.

We've reached a very important moment in world history. It is that moment where the promises of classical liberalism are failing in the face of a creeping totalitarian nightmare. America as mythology has always stood as the shining house on the hillfor this enlightened idea that the wishes of the individual pursuing his bliss creates the community and culture which lifts the world out of a Hobbesian State of Nature.  The war of all against all, (bellum omnium contra omnes).

But America as Mythology and America as Reality are two vastly different rough beasts. And it is that difference between them that is being exploited today by The Davos Crowd to set the process in motion for their next victory. Brandon Smith at Alt-Market brought up the trap conservatives are being led into today in his recent article. He argues, quite persuasively, that the rightis being radicalized into thinking about an armed civil war to fight the corporatist left-wing useful idiots in an orgy of violence.

To be clear, what I believe is happening is that conservatives are being prodded and provoked, not to separate and organize but to centralize. I think they want us to support actions like martial law which would be considered totalitarian. Conservatives, the only stalwart defenders of civil liberties, using military suppression and abandoning the Bill of Rights to maintain political power? That is a dream come true for the globalists in the long term. And despite people's faith in Trump, there are far too many banking elites and globalists within his cabinet to ensure that such power will not be abused or used against us later.

Nothing would give Klaus Schwab and The Davos Crowd more pleasure than turning us into them - willing to use indiscriminate violence to push otherwise humble and decent people into crazed killers and repudiate their inherent meekness, their inherent desire to pursue their bliss, allowing everyone else that same courtesy. But, leftism as practiced today, is aggressive. It is rapacious and rests on the idea that no one can exist outside their preferred outcome lest anyone see their world for the nightmare it truly is.

Secession is not only not an option, it is expressly verboten. I've made the argument that violence, not secession, is one very possible outcome of where the current political divide is taking us. Brandon uses the situation in Germany in the 1920s/30s as his historical guide. In short, Fascism rose to meet the violence of the Communists with the old monied elite providing the means for the conflict.

The parallels to today are striking. In November's issue of "Gold, Goats n Guns" I likened the rising frustration of the American right to that of the Fremen Jihad of Frank Herbert's classic "Dune." When you marginalize the tens of millions of people who produce the goods which sustain their false reality, when you remove their ability to speak their mind and make their voices heard, when you insult them, berate them, hector them and beat them then you will bear the consequences when the sleeper awakens, in Herbert's words.

This isn't a threat or an open letter of defiance. This is an observation of what always comes next. These people know that they have been lied to, their children spiritually separated from them. The election was a cruel joke meant to rub our noses in their complete power over us. You can see it every day on Twitter.

What comes next will be nothing short of a Fremenesque jihad by the 70+ million people who voted for Donald Trump. If his allies prove the systematic thievery of the election it will fuel a simmering anger to boiling over into a near-religious frenzy. Because these are people who still believe in the Mythology of America, they are very susceptible to this programming. That mythology is worth fighting for in their minds.

Brandon Smith, however, is making a finer point which I tend to agree with. And that is that secession, not revolution, is always the better option rather than the pre-packaged violent one which the oligarchs always seem to prepare for us. To broaden Brandon's point, I want to challenge the precepts of that American mythology in the hope we can avoid the kind of religious war that is brewing.

There are two wars which bear most of the weight of that mythology - The American Revolution and the U.S. Civil War. The first one is the good war. It is the foundation of the mythology. We know the narrative: brave colonials fought a war of independence, a war of secession, from the evil English. It brought forth the Founding Fathers, the Declaration of Independence and all the symbology of our shared American identity.

That mythology, while simplistic, held a core truth, that there are some things worth fighting for, when pushed to an extreme. However, was 1770's America that extreme a place? Was war the only practical outcome? Or was it the dream of those men whose tolerance for tyranny shallower than the norm. In other words, could America have seceded more peacefully in ten or twenty years time?

Viewed that way, this was a war of secession that the English and the Colonies didn't have to fight. There may have been an equitable way out of conflict. But the colonies chose war just as much as the Crown did if we're being honest with ourselves.

The Civil War, on the other hand, is supposed to be the shameful one. And from the Mythology side it truly is. Lincoln's war can only be characterized as a war to prevent secession in the same way that Crown fought to prevent the colonies from seceding. The mythology states this was the war we had to fight to prevent slavery's survival into the 20th century. But, was it that? Slavery may have been a dividing line to stoke the passions but it wasn't the big factor driving the states apart, the Tariff of Abomination was.

Again, if we're being honest with ourselves wasn't Lincoln's war where the ideals of the American Revolution -  a compact between the sovereign states -  were finally betrayed? Aren't we reaping the whirlwind of that war today with a Supreme Court who believes it has the power to ignore interstate grievances because none of the justices, even Thomas and Alito, believe in the compact of equals today?

Remember, the South was more than willing to leave in peace. And any reasons Lincoln had for fighting the war over the seizure of Federal property, i.e. the proximate cause for the events at Fort Sumter, could have been worked out, again, equitably as gentlemen, rather than through the butchering of 700,000 Americans over four years.

From the Mythology Lincoln is the Great Uniter and Buchanan, his predecessor, the Worst President in History simply because he refused to either bail out the railroad banks in 1857 or prevent the South's secession in 1860. What if the mythology of America today has these two wars backwards? What if all the conservatives mourning the Constitution today thanks to a feckless Supreme Court and treasonous Congress have it all wrong? What if the America they mourn the death of today died in 1865 not 2020?

Would that America still be worth finally fighting a bloody civil war for? Because that's what The Davos Crowd is daring Donald Trump to do. What if the better response is to do what the South tried to do and failed. Simply walk away and say, "No more." Because fighting the bloody war of all against all, becoming raving fascists rising up to stop the rapacious (and economically backwards) communists in the process is always the wrong option.

Secession is always an option. Opting out of the hyper-collectivizing impulses of in-group/out-group bias is always the right choice. They want us to throw the first punch, to lash out, fire first out of fear, c.f. Fort Sumter, to justify their brutality afterwards. But, as I said in the quote above, the states with the grievances today are the ones that produce the wealth of this fiction known as the U.S. It's where the food is grown, the electricity generated, the goods produced and people aren't shitting in the streets. The food lines may be long in Texas but there's still food to distribute.

The balance of power in the U.S. today in real terms is reverse of what existed in 1860. Post-Trump America looks a lot different than pre-Lincoln. Because of that and the reality that the people pulling off this great coup against sanity are some of the most unimpressive leaders in history, the potential for a successful secession is far higher than it was for the Confederacy.

Brandon Smith is right that they invoke the Confederacy to shame conservatives as racists, conflating issues separated by more than 150 years of history. This is why the all-out assault on the history of the war, whitewashing it of any nuance. Theirs is a mind-virus that grows beyond the ability of the oligarchy to control. And it is truly best to not just walk but run away from such people. Better to let them sink into their own cesspit of ideological rabbit holes while keeping the lines of trade open, if they have anything worth selling, of course. They will turn on themselves soon enough.

Having grown up a Yankee and matured as a Southerner I've seen this descent of the American mythology from both perspectives. The eleven year-old me knew this day would come.

The Mythology of America is just that, mythology, worth using as the basis for the new story rather than a shackle keeping us chained down, staring at the Abyss and despairing at what was lost. New York was a dream, not a fixture in the night sky. God didn't put his finger on the Empire State Building and spin the world. Because Texas was too big for it to ever stay in balance, even if he did. And California is one bad day away from the Big One which washes it from our memory."

Musical Interlude: Moody Blues, "The Story In Your Eyes"

Moody Blues, "The Story In Your Eyes"

"The Cruelest Joke Of All..."

“The smallest decisions made had such profound repercussions. One ten-minute wait could save a life… or end it. One wrong turn down the right street or one seemingly unimportant conversation, and everything was changed. It wasn’t right that each lifetime was defined, ruined, ended, and made by such seemingly innocuous details. A major life-threatening event should come with a flashing warning sign that either said ABANDON ALL HOPE or SAFETY AHEAD. It was the cruelest joke of all that no one could see the most vicious curves until they were over the edge, falling into the abyss below.”
- Sherrilyn Kenyon

"A Time Of Great Tragedies..."

“We live in radical times surrounded by tasks that seem impossible. It has become our collective fate to be alive in a time of great tragedies, to live in a period of overwhelming disasters and to stand at the edge of sweeping changes. The river of life is flooding before us, and a tide of poisons affect the air we breathe and the waters we drink and even tarnish the dreams of those who are young and as yet innocent. The snake-bitten condition has already spread throughout the collective body. However, it is in troubled times that it becomes most important to remember that the wonder of life places the medicine of the self near where the poison dwells. The gifts always lie near the wounds, the remedies are often made from poisonous substances, and love often appears where deep losses become acknowledged. Along the arc of healing the wounds and the poisons of life are created the exact opportunities for bringing out all the medicines and making things whole again.”
- Michael Meade, “Fate And Destiny”

"The Gray Curtain Descends"

"The Gray Curtain Descends"
by Robert Gore

"Democracy is also a form of worship. 
It is the worship of jackals by jackasses."
- H.L. Mencken

"It’s a close contest between which officially approved story is more implausible: Coronavirus as the Scourge of Humanity or America’s Free and Fair Election. The former enabled the latter, and they were propagated by the same people pursuant to an all-in power grab. Both are riddled with glaring inconsistencies and fraud, none of which are mentioned in polite society.

"It was strange, she thought, to obtain news by means of nothing but denials, as if existence had ceased, facts had vanished and only the frantic negatives uttered by officials and columnists gave any clue to the reality they were denying."
- "Atlas Shrugged," Ayn Rand, 1957

The stories’ propagators don’t address the inconsistencies and fraud because they can’t; they simply deny their existence. They suppress questions, inquiry, and exploration of actual evidence and facts, and promote mindless slogans. The legacy media censorship has been overt, but not as effective as hoped, thanks in large part to the alternative media. The censorship itself is a red flag. If the approved stories are Shining Truth, why can’t they bear challenge?

The propagandists are suppressing free inquiry and debate, and they’re about to eliminate it entirely. With next month’s ascension of Biden and Harris and the predatory and parasitic ruling cabal to which they answer, the prize is in sight. They see no need to continue feigning fealty to anything other than subjugation and control.

For the most part they’ve even dropped their shopworn rhetoric of concern for their subjects. In the good old days there was “for the people” codswallop with the goodies, which you got as long as you did what you were told. The new diktat will be to do as you’re told or else, but there will be no goodies; governments are bankrupt and the ruling cabal has no ability to produce. They will not be bothered by destitution and deaths among the ruled, that’s a feature, not a bug. Indeed, any detectable concern would be grounds for immediate expulsion from the cabal.

Let’s dispense with the obscenity that expressed intentions excuse all crimes and consequences. Totalitarianism has never produced anything but destruction, destitution, and death and never will, regardless of the totalitarians’ lofty rhetoric. Totalitarians are vultures, not eagles, and the current kettle of vultures intend to dine on the corpse of history’s most advanced civilization.

Draft animals work harder for a morsel or kind words than for the whip or switch, but somehow humans are different. Whips, switches, prisons, and subjugation pave the road to utopia. When they instead lead to a charnel house, that’s not the fault of the whippers, switchers, wardens, or subjugators. Except it is. Orwell said it best: “The object of power is power.” Power’s trite slogans and rationalizations don’t excuse its murderous depredations, they only increase its inescapable guilt.

Compromise between good and evil spells death for the good. If I ask you to drink a cup of cyanide and you refuse, but we compromise on half a cup, who wins?

It’s these sort of compromises, exacted bit by bit over decades, that have destroyed a once great nation. It’s understandable how it happened. There’s a problem and more power for the rulers is always the solution: a Civil War, central bank fiat debt, an income tax, make the world safe for democracy, a New Deal, Frontier, or Covenant, Hope and Change, leader of the Free World, wars on poverty, drugs, terror, and now, germs, and so on.

The compromises serve as precedents that launch the next compromises and consequent government accretions of power. (The Civil War was precedent for both the income tax and fiat currency 48 years later.) Solutions are always presented in a blinding blaze of propaganda. There are always the unblinded few who question and dissent. They are always ostracized or worse.

The rest learn the lesson. Herd behavior is hard-wired. Like a pack of wildebeests after one spots a lion, there are times when reflexive flight is the right response. However, nothing government does is quick enough to be considered reflexive; there’s been time enough to question, analyze, and protest virtually everything the US government has done since its inception. Unfortunately, at the individual level, sticking with the pack often makes perfect sense. To be the one who refuses to obey, or to even question the dictates of a powerful government that is both stoking and benefiting from herd frenzy, is to risk ruin, imprisonment, and sometimes, death.

The crowd does what the crowd does. Regardless of the arguments, and perhaps the insults and deprecations from the few outside the crowd, it rationalizes its own behavior. Who are we to question? It’s still a great nation, it could be worse. Why risk our comfortable lifestyle for intangible principles? Better safe than sorry. And there’s the secret thought: yes, there may be unfortunate consequences, but I’ll be dead by then.

Except the unfortunate consequences have arrived. We’re confronted by a dystopian totalitarianism the design of which the totalitarians are no longer trying to hide. Virtually everything has already been compromised and the meager remnant of freedom is on the table. As the crowd is prodded into the cattle cars (not social distancing, their well-being no longer even a faux concern) uneasy whispers circulate: is the final destination the abattoir?

However flimsy the excuses offered by the ruled have been, they’ve at least had the usual rationalizations of cowardice. There’s no excuses or rationalizations for our rulers. They want to impoverish, subjugate, or kill us. Don’t give them too much credit believing the latter isn’t the preferred option. Such deeds never spring from motives other than all-encompassing, unremitting malice and hate. The honest and honorable are left to wonder what, if anything, has replaced those forfeited souls. We may never know the answer.

What do they get from their brave new world? Adding to their already substantial fortunes? Still more power over an impoverished, cowed population, more transhuman robots than people, dutifully following orders but unable to produce anything beyond what is programmed into their quantum microchips, bereft of the sparks of inquiry, innovation and joy that propels humanity and make life worth living? Do they not know that a gray curtain will descend over the dazzling world of wealth and privilege they now inhabit? That turning people into appliances plugged into an all-seeing internet will leave everyone in a electric panopticon that’s as sterile and joyless for the watchers as the watched?

The gray curtain descends. What further demonstration is necessary of impoverish, subjugate, and kill than Coronavirus totalitarianism, which has done all three? It’s the preview of coming attractions. The last flimsy excuse for the ruled is the one that would presumably be offered by roadkill if it wasn’t dead: it was too stunned by the headlights to think or act. The moment is nigh: you’ll be totalitarian roadkill if you’re too stunned by the brazen evil unfolding to think and act, now.

Joe Biden and Kamala Harris are no more the rightful president and vice president than I would be the rightful owner of your house if I forced my way in, held a gun to your head, and made you sign over the deed. Unlike the solipsistic plaints after President Trump won a semi-legitimate election in 2016 (“Not my president!”), Joe Biden will not be my or anyone else’s rightful president in 2021. (The 2016 election probably was rigged - for Hillary - the riggers just didn’t do an adequate job, unlike 2020.) Biden and his partner in crime are usurpers and SLL will not refer to either one by their stolen titles. Until the inauguration SLL will refer to Biden as Not Our President-Elect, or NOPE. They’re small gestures, but revolutions start with small gestures.

NOPE and Vice-NOPE will be nominal capos of the largest organized crime syndicate in history. Unchallenged crime and evil are not static; they get worse. Investing any hope in “things will get better” has been a loser for more than a century. Governments generally do nothing but get worse - more taxes, more laws and regulations, more debt, more fiat fraud, more wars, more corruption, and more power -as the freedom of individuals who must live under them vanishes. Hope without action is not a strategy, but there is cause for hope if it’s coupled with action."
Part Two will be posted next week."
- https://www.theburningplatform.com/

Thursday, December 24, 2020

"Promise Me..."

 

Merry Christmas!

I wish you all a safe, happy and peaceful Christmas!

Josh Groban, "You Are Loved (Don't Give Up)"
Full screen recommended.

Christmas Musical Interlude: "The 100 Most Beautiful Christmas Songs Performed by the Legends of Music with a Fireplace (Classics)"

Christmas Music, "The 100 Most Beautiful Christmas Songs 
Performed by the Legends of Music with a Fireplace (Classics)"
(Perry Como, Ella Fitzgerald, Nat King Cole, Frank Sinatra, 
Dean Martin, Elvis Presley, Bing Crosby )

Full screen mode highly recommended!

"A Look to the Heavens"

"Big, beautiful spiral galaxy NGC 1055 is a dominant member of a small galaxy group a mere 60 million light-years away toward the aquatically intimidating constellation Cetus. Seen edge-on, the island universe spans over 100,000 light-years, a little larger than our own Milky Way galaxy. The colorful, spiky stars decorating this cosmic portrait of NGC 1055 are in the foreground, well within the Milky Way. But the telltale pinkish star forming regions are scattered through winding dust lanes along the distant galaxy's thin disk.
Click image for larger size.
With a smattering of even more distant background galaxies, the deep image also reveals a boxy halo that extends far above and below the central bulge and disk of NGC 1055. The halo itself is laced with faint, narrow structures, and could represent the mixed and spread out debris from a satellite galaxy disrupted by the larger spiral some 10 billion years ago."

"I Wish You Enough"

"I Wish You Enough"
by Bob Perks

"At an airport I overheard a father and daughter in their last moments together. They had announced her plane’s departure and standing near the door, he said to his daughter, “I love you, I wish you enough.” She said, “Daddy, our life together has been more than enough. Your love is all I ever needed. I wish you enough, too, Daddy.” They kissed good-bye and she left.

He walked over toward the window where I was seated. Standing there I could see he wanted and needed to cry. I tried not to intrude on his privacy, but he welcomed me in by asking, “Did you ever say good-bye to someone knowing it would be forever?” “Yes, I have,” I replied.

Saying that brought back memories I had of expressing my love and appreciation for all my Dad had done for me. Recognizing that his days were limited, I took the time to tell him face to face how much he meant to me. So I knew what this man was experiencing.

“Forgive me for asking, but why is this a forever good-bye?” I asked. “I am old and she lives much too far away. I have challenges ahead and the reality is, her next trip back will be for my funeral, ” he said.

“When you were saying good-bye I heard you say, ‘I wish you enough.’ May I ask what that means?” He began to smile. “That’s a wish that has been handed down from other generations. My parents used to say it to everyone.” He paused for a moment and looking up as if trying to remember it in detail, he smiled even more.

“When we said ‘I wish you enough,’ we were wanting the other person to have a life filled with enough good things to sustain them,” he continued and then turning toward me he shared the following as if he were reciting it from memory.

"I wish you enough sun to keep your attitude bright. I wish you enough rain to appreciate the sun more. I wish you enough happiness to keep your spirit alive. I wish you enough pain so that the smallest joys in life appear much bigger. I wish you enough gain to satisfy your wanting. I wish you enough loss to appreciate all that you possess. I wish enough “Hello’s” to get you through the final 'Good-bye.'” He then began to sob and walked away."
"What is life?
It is the flash of a firefly in the night.
It is the breath of a buffalo in the wintertime.
It is the little shadow which runs 
across the grass and loses itself in the sunset."
- Crowfoot, Blackfoot Warrior and Orator

"Give Thanks..."

“When you arise in the morning give thanks for the 
food and for the joy of living. If you see no reason for 
giving thanks, the fault lies only in yourself.”
- Tecumseh

Musical Interlude: 2002, "Carol of the Bells"

2002, "Carol of the Bells"

The Daily "Near You?"

Waconia, Minnesota, USA. Thanks for stopping by!

"And Tho'..."

“... and tho'
We are not now that strength which in old days
Moved earth and heaven; that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.”

- Alfred, Lord Tennyson, "Ulysses"

"2020 Year in Review"

"2020 Year in Review"
"Making sense of the craziest year we’ve yet lived through."
by Dave Collum

"Imagine, if you will, a man wakes up from a year-long induced coma - a long hauler of a higher order - to a world gone mad. During his slumber, the President of the United States was impeached for colluding with the Russians using a dossier prepared by his political opponents, themselves colluding with the FBI, intelligence agencies, and the Russians. 

A pandemic that may have emanated from a Chinese virology laboratory swept the globe killing millions and is still on the loose. A controlled demolition of the global economy forced hundreds of millions into unemployment in a matter of weeks. Metropolitan hotels plummeted to 10% occupancy. The 10% of the global economy corresponding to hospitality and tourism had been smashed on the shoals and was  foundering. 

The Federal Reserve has been buying junk corporate bonds in total desperation. A social movement of monumental proportions swept the US and the world, triggering months of rioting and looting while mayors, frozen in the headlights, were unable to fathom an appropriate response. 

The rise of neo-Marxism on college campuses and beyond had become palpable. The most contentious election in US history pitted the undeniably polarizing and irascible Donald Trump against the DNC A-Team including a 76-year-old showing early signs of dementia paired with a sassy neo-Marxist grifter with an undetectable moral compass. Many have lost faith in the fairness of the election as challenges hit the courts. 

Peering through the virus-induced brain fog the man sees CNBC playing on the TV with the scrolling Chiron stating, “S&P up 12% year to date. Nasdaq soars 36%.” The man has entered The Twilight Zone."
Please view this lengthy, complete article here:
"Every year, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. This year’s is no exception. As with past years, he has graciously selected PeakProsperity.com as the site where it will be published in full. It’s quite longer than our usual posts, but worth the time to read in full. A downloadable pdf of the full article is available here, for those who prefer to do their power-reading offline."

Gregory Mannarino, Noon 12/24/20: "Stocks Gain Again! With No Help For The American People In Sight"

Gregory Mannarino, Noon 12/24/20:
"Stocks Gain Again! With No Help For The American People In Sight"

Musical Interlude: 2002, "Dreams Of Peace"

2002, "Dreams Of Peace"
Full screen mode highly recommended.

Musical Interlude: 2002, "Remember Now"

2002, "Remember Now"

"How It Really Is"

"In A Word..."

"In a word, there are many thorns, but the roses are there too." 
- Pyotr Ilyich Tchaikovsky

"Economic Market Snapshot AM 12/24/20"

"Market Fantasy Updates AM 12/24/20"
"Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
"The more I see of the monied classes, 
the better I understand the guillotine."
- George Bernard Shaw
"Economic Market Snapshot AM 12/24/20"
Gregory Mannarino, AM 12/24/20: 
"Important Updates: Stocks, Stimulus, 
Bitcoin, Ripple, Debt, Dollar, MORE!"

"I Had COVID For 17 Days, Here’s What It Was Like" (Excerpt)

"I Had COVID For 17 Days, 
Here’s What It Was Like" (Excerpt)
by Daisy Luther 

"A lot of folks are out there saying that COVID is a myth, that viruses don’t exist (wth?), or that the whole pandemic has been a scam. While I strongly disagree with the lockdowns and restrictions on our ability to make a living, there truly is a pretty bad virus out there. And I know this from personal experience.

I had Covid and I wouldn’t wish it on my worst enemy. It was brutal and I had what would be considered a “moderate” case. This article isn’t meant to be used as medical advice or political fodder. This isn’t a treatise about a magical cure being kept secret by Big Pharma nor is it about the Deep State, some villain who cooked up a bioweapon, or any other theory du jour. My medical and treatment choices may be different than yours. I’m simply relating my experiences.

This virus hits people very differently. If you were fortunate enough to have a mild case, don’t disregard your next door neighbor who ends up with permanent organ damage. Some people are asymptomatic, some have minor symptoms, some are moderately ill, and some die. This is definitely not “just the flu” for many people. I never had a case of influenza that took me down like this, particularly not for this length of time."

Please view this complete article here:

"Be Ready For Banking And Commercial Real Estate Collapse In America!"

"Be Ready For Banking And 
Commercial Real Estate Collapse In America!"
by Epic Economist

"This year, the standards to what was once considered "normal" have been constantly disrupted and reshaped. But for some sectors of our economy, the greatest trouble hasn't even started yet. That's the struggle thousands of U.S. commercial real estate owners are about to face early next year. In 2020, property owners have seen their buildings shut down during several rounds of restrictions, leaving many of their tenants unable to afford their back rent and making the whole sector question the practicality of its own operations. As the remote work trend gains force, and travel and tourism continue to be impaired by the fallout of the health crisis, in addition to the progressive bankruptcy of retailers, restaurants, and hotels, commercial real state space has been sitting empty, while, on the other hand, mortgage-based securities keep falling into delinquency.

The latest evaluations of the sector are leading strategists to worry about the enormous financial distress these owners will have to cope with over the next months, which could potentially result in a catastrophic banking crisis, considering their credit is already compromised and the economic outlook doesn't look promising enough for owners to regain their ability to pay off their debt. But so far, the commercial real estate market hasn’t really had a reckoning. However, experts warn that this is set for a change. That's what we are going to investigate in this video.

All across the country, offices, restaurants, gyms, stores, and hotel rooms are getting increasingly vacant due to the new round of lockdowns. The sanitary outbreak has prompted a major relocation of the masses, driving people to fly away from metropolitan areas seeking more affordable housing and a scape from the mounting social turbulence we all have been witnessing over the course of the year. Cities are being hollowed out due to the shift to remote working, the preference for online shopping, and the obstacles surrounding business and touristic traveling. That has caused a huge shock to commercial properties of almost all descriptions.

The imminent threat of bankruptcies and defaults has already led banks to tighten credit and lending, which means, commercial borrowers are likely to face even bigger hardships to access the loans and refinance their debt to weather the coming storm. Recent Federal Reserve data suggests that the overall stakes have never been higher. Nationwide, commercial property debt skyrocketed to a record-high of $3.06 trillion in the third quarter from a 10-year low of $2.2 trillion in 2012. In some states, such as New York, the situation is way more complicated. With approximately $1.1 billion worth of property loans now considered distressed in Times Square, the latest property evaluation indicated that the value of properties has been slashed by 80% to about $92.5 million. 

The Big Apple’s overbuilt hotel industry has a large excedent of vacant rooms, with four out of five properties backed by hotel mortgage bonds now presenting signs of strain. But hotels aren't the only ones in deep trouble. The retail apocalypse has provoked a major crunch in commercial real estate, and since a considerable amount of those stores were permanently closed, that will create a glut of retail space in a country that already had too much of it.

Up until now, the owners of two sizable portfolios of over 130 shopping malls have filed for bankruptcy after a series of stores and restaurants either shut down their activities or lost their means to pay their rent. Multiple leading companies are announcing an inevitable shift to remote working. In short, office owners in many high-cost areas are going to have to get used to higher vacancy rates, since things won't probably ever come back to "normal".

As we enter the darkest stage of the economic meltdown for multiple business sectors, the losses suffered have the potential to ripple far beyond building owners and their tenants. Considering commercial property upholds the tax base in several cities across the nation, a collapse in the real estate market will not only cause a banking crisis, as it will strike local budgets. In other words, this will be translated into much more economic challenges ahead, and possibly the extension of this never-ending recession that doesn’t cease to impair our life prospects and jeopardize our standards of living. America is doomed to an ominous future and we are all going down with it."

Wednesday, December 23, 2020

Christmas Musical Interlude: Placido Domingo, "La Virgen Lava Pañales"; "Ave Maria"

 

Placido Domingo, "La Virgen Lava Pañales"
Plácido Domingo, Wiener Sängerknaben, 
"Ave Maria" (Franz Schubert)

"Stimulus Ripoff; Economic Reckoning; Financial Time Bomb; Economy On Life Support; You're Blessed"

Jeremiah Babe,
"Stimulus Ripoff; Economic Reckoning; 
Financial Time Bomb; Economy On Life Support; You're Blessed"

"Trump: It’s a 'Disgrace!'”

"Trump: It’s a 'Disgrace!'”
by Brian Maher

"A spending bill has passed the chambers of Congress - upper and lower, Senate and House - by runaway majorities. By the deal’s terms, total 2021 spending would run to $2.4 trillion. It would rate the second-largest spending bill in the annals of the United States. This behemoth runs to 5,593 pages. The St. James Bible, meantime, goes to 1,200. That is, God can tell the world’s story in 1,200 pages, all of it, alpha through omega.

Yet the government of the United States requires 5,593 pages to blueprint one year of spending. The print is not large… incidentally.

House rules allot each congressman 72 hours to look it through — three days. How many congressmen have suffered through the 5,593-page eye-glazer... page one... through page 5,593? Or pages one through two? We wonder.

Pork, Pork and More Pork: Pandemic “relief” totals $900 billion of the $2.4 trillion package. Most Americans would receive only $600 if equally rationed - for a total of $198 billion. Who collars the rest? The Economic Policy Journal (EPJ) has run the tally:

There's $5 billion in military aid to Israel.

Here is aid other countries are getting for various projects:

• Egypt = $1,300,000,000
• Sudan = $700,000,000
• Ukraine = $453,000,000
• Israel = $500,000,000
• Burma = $135,000,000
• Nepal = $130,000,000
• Cambodia = $85,500,000

Unlisted is the $15 million Sri Lanka would receive to repair a vessel... Or the $505 million Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama would receive to “address key factors that contribute to the migration of unaccompanied, undocumented minors to the U.S.”

We believe we could save the United States government $505 million. We can penetrate the $505 million mystery. Unaccompanied, undocumented minors migrate to the United States to break free of poverty. Perhaps, in certain cases, to accept gratefully the generosity of the United States taxpayer. But there is more…

Something for Everyone: Continues the EPJ:

• There's $1.4 billion for "Asia Reassurance Initiative Act"

• The bill will establish a new Smithsonian American Women's History Museum and a Smithsonian National Museum of the American Latino.

• The bill creates a commission tasked with educating “consumers about the dangers associated with using or storing portable fuel containers for flammable liquids near an open flame."

• Representative Thomas Massie reports that $10 million is designated for gender programs in Pakistan.

• The bill mandates new hiring measures to ensure diversity in the intelligence community.

• The bill decriminalizes unauthorized use of the Swiss Coat of Arms or Smokey the Bear.

• The bill spends five pages laying out the process for determining who will be recognized as the next reincarnation of the Dalia Lama.

• The bill outlays funds to address gender inequality amongst statues.

• The Covid relief bill stipulates funds can’t be used for accessing pornographic websites unless it’s “official business.”

“Vocal Bipartisan Support”: A personal note: We are pleased beyond description that the United States government is at last tackling gender inequality among statues. We were aghast this past summer - not one lone female statue was hauled down in anger. We are also heart and soul for gender equality in Pakistan. $10 million is dreadfully inadequate to the crying need.

Meantime, $35 billion would fund wind, solar and other “clean energy” initiatives under this legislation. That is because these energies require subsidies. Most are not otherwise profitable.

We learn by The New York Times that these give outs received “vocal bipartisan support, with senior senators from both parties hailing the breakthrough as overdue and key to creating jobs of the future.” Just so. Yet what about the jobs of the present? The bill extends little relief to drinking houses, eateries and other small businesses currently trembling under lockdown. Will a $600 cheque see the jobless waiter through the winter? Or the idle barkeep? We hazard it will not. Ah, but a sunray cracks through the gloom…

Trump to the Rescue: The tribune of the plebs - President Trump himself - has taken to the Forum Americanum, pleading the people’s case. $600 is a “disgrace,” he thunders. Cut away the pork and feed it to the American people. Give them $2,000 each. $4,000 for married couples, argues the President of the United States: "I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000, or $4,000 for a couple… get rid of the wasteful and unnecessary items from this legislation and to send me a suitable bill."

House Speaker Nancy Pelosi is with him this one time: "At last, the President has agreed to $2,000 - Democrats are ready to bring this to the Floor this week by unanimous consent. Let’s do it!" Here is our question: Has the president at last agreed to $2,000… or have Democrats at last agreed to $2,000?

Election Year Politics: There are the politics to consider. A man receiving a $2,000 cheque bearing the signature of Donald J. Trump might feel tender towards Donald J. Trump. Might he even yank a lever for Donald J. Trump in an election booth? We must admit it is possible, yes. Would Democrats allow that possibility prior to November 3? We are not convinced they would. Yet now that the fellow is (ostensibly) out… let the Treasury doors swing wide open. Let the $2,000 cheques go out.

And so Signore Machiavelli glances upward from his fiery cauldron… admiringly. We speculate, admittedly. Perhaps we are too far gone in cynicism. Perhaps all hearts are pure. It is better to be occasionally fooled than perpetually suspicious, as someone said once. Regardless…The federal government would “shut down” December 29 should the President fail to sign a bill.

Why Stop at $2,000? But why stop at $2,000 cheques? Why not $5,000… $10,000… $100,000? The nation floats along in $27.5 trillion of red ink. It is unlikely a few trillion more will drag it under. Hand-wringers have yelled wolf about the national debt for years and years… At $5 trillion. $10 trillion. $15 trillion. $20 trillion. $25 trillion. Now an impossible $27.5 trillion.

Yet the show runs on. Where is the cataclysm? You say there is a limit. You say the straw will snap the camel’s spine. But which straw? The 29th trillion? The 32nd trillion? The 41st trillion?
We request a square answer.

The Greatest Show on Earth: Do not remind us that we have likewise yelled wolf about the national debt for years and years. Or that we have failed to identify the fatal straw. We will not listen! We prefer to delight in the spectacle of it all - delighting in the bread, delighting in the circuses, paraded out daily in half a dozen rings.

Is there another country on Earth that offers comparable entertainment? We have yet to discover one. We have searched. Is it responsible to pile up $27.5 trillion of debt? Perhaps it is not. Will the circus tent one day collapse? Well, maybe it will. But this you must admit: What a show while it runs..."

Musical Interlude: Leonard Cohen, "Hallelujah"

Leonard Cohen, "Hallelujah"

"A Look to the Heavens"

"Large galaxies and faint nebulae highlight this deep image of the M81 Group of galaxies. First and foremost in the wide-angle 12-hour exposure is the grand design spiral galaxy M81, the largest galaxy visible in the image. M81 is gravitationally interacting with M82 just below it, a big galaxy with an unusual halo of filamentary red-glowing gas.


Around the image many other galaxies from the M81 Group of galaxies can be seen. Together with other galaxy congregates including our Local Group of galaxies and the Virgo Cluster of galaxies, the M81 Group is part of the expansive Virgo Supercluster of Galaxies. This whole galaxy menagerie is seen through the faint glow of an Integrated Flux Nebula, a little studied complex of diffuse gas and dust clouds in our Milky Way Galaxy."

"Doug Casey on the Calls for Fed to Address Inequality, Climate Change, and More..."

"Doug Casey on the Calls for Fed to Address Inequality, 
Climate Change, and More..."
by International Man

"International Man: Recently, the calls for the Fed to add a third mandate to address racial and economic inequality have grown louder. Will we see a redistribution of wealth soon?

Doug Casey: It seems the movement towards black "reparations" is building momentum. These things always start small, testing the water, then grow when nobody either laughs at them for being stupid or decries them as evil. Most Americans are now too intimidated and confused to do that, however.

It's similar to MMT. A year ago, the notion of Modern Monetary Theory was too outrageous a notion for a sensible person to bother considering; now, it's practically public policy. And, incidentally, when I say "black," I don't capitalize the word, as very recent politically correct fashion dictates. Capitalizing it just emphasizes and accentuates racial differences - as do most "woke" practices.

It's another sign of the mass insanity that's sweeping the world. Like almost everybody wearing masks when walking down the street, or even bicycling in the countryside. Not to mention locking down the whole country, practically the entire world, like a prison. It's quite ironic to me. In the past, I've often joked that the Earth was a prison planet. Now it's no joke.

Anyway, the idea of reparations is even more insane, but it's taking off. It's the destructive, racist idea of affirmative action on steroids. It's one genuinely crazy thing after another, like NASDAQ requiring listed companies to have at least two board members of so-called minority groups, including one non-white person and one with a sexual aberration.

Movies are expected to have the same kind of composition now. You see it to a large degree in commercials on TV. When I watch the boob-tube, I feel like I'm the only straight white male left in the US. The discrimination against Asians is equally criminal, especially when it comes to getting into college. If you're a smart and hard-working Asian, you now have to be even smarter and harder working to compete.

These PC fools are making accidents of birth into defining features of existence. The only good thing about the trend is that these people may be overreaching and will self-destruct. Hopefully, that will happen before they destroy society itself.

International Man: Federal Reserve Chairman Jerome Powell has spoken in length about the Fed's interest to address economic inequality. Ironically, the one institution that is single-handedly responsible for destructive monetary policies and money printing of epic proportions plans to do more of the same to "solve" the very problem they created. What are your thoughts on this?

Doug Casey: The Fed is one of the main creators of inequality. The Establishment, the Deep State types, and the other cronies who hang around the government are closest to the fire hydrant of money spewing from the Fed. They get their fill of it before any trickles down to the "little people."

The solution to the problem is to abolish the Fed. But it's so entrenched and so central to the corrupt system, that's impossible. At least short of a monetary collapse - although a monetary collapse is in the cards. But, at a minimum, the Fed shouldn't try to act as a social engineer. It certainly shouldn't give money to blacks just because they're black in the form of reparations or for any other reason. The notion is criminally stupid. All exchange must be mutual and free. If it's not, it breeds resentment for both the giver and the receiver.

Free stuff, like welfare and free government housing, has already destroyed black families and black individuals. Places like Cabrini-Green and Pruitt-Igoe are monuments to government planning. If the Fed gets involved in passing out more free money, it's only going to cement the average black more solidly to the bottom of society and create more race antagonism.

Well-positioned blacks like Jesse Jackson, Al Sharpton, Maxine Waters, and hundreds of others who are getting rich by virtue of being black are all for it, of course. There's big money in disguising race-baiting as virtue signaling.

International Man: Recently, Joe Biden announced that he would nominate former Fed Chairman Janet Yellen for US Treasury Secretary. In her first remarks, Yellen spoke about her plans to address racial disparities and inequality. Is there a trend developing here where racial and economic inequality has become the justification for dangerous monetary policies?

Doug Casey: Race has become a justification for practically everything today. Deep State types in general, and the Democrats in particular, emphasize race and gender differences, which does nothing but aggravate the situation.

This nomination is an excellent deal for Yellen, who's moved from being a nothing nobody academic to Fed Chair, and now Treasury Secretary. By the time she finishes her term in office, she'll be a centimillionaire - the usual drill, six-figure speeches, seven-figure book contracts, fat directors fees, consulting fees, and insider investment deals. She'll do well for someone who has zero business experience and has detracted hugely from the world's real wealth. She's a model for the kind of people who want to go into government to become rich and famous.

International Man: Fed chairman Powell has made countless remarks about the need for the US central bank to address climate change. What is going on here?

Doug Casey: It's a good question. How can they address the so-called problem of climate change? Climate change has been going on since the Earth came together 4.5 billion years ago, and it will continue on its own path, primarily influenced by the sun and secondarily by things like volcanism, cosmic rays, and peculiarities of the planets orbit, long after mankind has gone.

But destroying the economy by printing up more money certainly isn't an answer to climate change. However, I'm sure that what's on Powell's mind is making money easier to get for things like windmills and solar panels. This is more state direction of investment. It was a disaster for the USSR and every other socialist and state-directed economy and will be for us as well.

You'll notice that the Chinese and other Asian economies don't indulge in this kind of politically correct investing. It's a major reason why they're on the way up, and we're on the way down. Janet and Jerome's excellent adventure in climate engineering won't end well.

International Man: With climate change and racial inequality, the Fed is creating all sorts of new ridiculous pretexts to justify whatever it wants to do. It would be comical if the consequences weren't so destructive. What do you think comes next?

Doug Casey: At this point, the Federal Reserve, which most Americans barely even know exists, has become extremely important to everybody. It's now the main source of government income - greater even than the income tax - and this is likely to continue. Agencies like the Fed grow when they have unlimited funding. But it's more than just mission creep at this point.

We saw mission creep during the Vietnam war and all other wars. Now the Fed has been enlisted to fight the war on poverty, the war on racism, and global warming. The problem is that war is the health of the State - but a catastrophe for society.

The Fed started out as essentially a clearinghouse for banks; it was instructed to maintain the value of the currency. It has totally failed at that mission since its creation. The US dollar was stable from 1789 up until 1913 when the Fed was instituted. Since then, the dollar lost has about 97% of its value, and the degeneration is radically accelerating.

Now the Fed is supposed to ensure full employment, racial and gender equality, and sunny days in addition. The next abomination will be Fed Coin, a digital dollar, which will eliminate all privacy from financial transactions. There's no question the elite are eager to promote policies like negative interest rates, the abolition of cash and more.

I don't think anything can turn the situation around at this point. The only thing you can do is become as wealthy as possible to insulate yourself. The next step will be something resembling World War III, probably with China. The US will turn into a police state, which in many ways, it was during World Wars I and II. It's going to be much more serious this time around."