Saturday, January 16, 2021

"What Does The Quote 'Every snowflake pleads not guilty in an avalanche' Mean? "

"What Does The Quote 
 'Every snowflake pleads not guilty in an avalanche' Mean?" 
by Tom Robinson

 "No snowflake in an avalanche ever feels responsible." 
- Stanislaw Jerzy Lec

"I have never actually heard this quote but I think it's brilliant and can easily infer the intended meaning. When a problem is the result of many people individually doing something only slightly wrong it is easy for each individual person to see themselves as having no part in it.

For example, everyone is against slavery. We all know that the conditions in the sweatshops that make so much of the clothing in stores are deplorable, and many westerners are aware that some of the clothing we wear may have been made by people who are effectively enslaved. But we tend to be okay with it at the same time. After all, we don't run sweatshops, we only buy some of the clothing that comes out of them. Even if you stop purchasing clothing made unethically, other people will continue to buy it and nothing will change. We are just going along with a system that exists independent of ourselves for our own benefit.

The same logic goes for electronics. Even if we are aware (most aren't) that the tantalum in the transistors in a device was taken from a system that promotes violence in the Democratic Republic of Congo, all we did was buy the thing. We didn't pay any rebels. We didn't force anyone to mine coltan for a few cents a day.

When I was in kindergarten, I was in a play called "Nobody Stole the Pie." The premise was that the people of a town made a huge pie. Without telling each other, everyone in town takes a little piece. After all, the pie is so big no one would miss one piece. When the time comes to cut and serve the pie, lo and behold, it's gone and everyone tries to figure out who stole it. But even though nobody stole the pie, it has disappeared just the same. Oddly, I feel that my kindergarten play encapsulates this quote quite effectively.

Each snowflake is only a piece of the avalanche and cannot be held responsible for the destruction it causes. One snowflake can't tear down a tree or bury a skier, but a bunch of them can. This quote calls upon each piece of the behemoth to recognize that the part it plays, though minor, is still what leads to the result." 
Speaking of animated gifs, as we weren't, consider this...
Where'd that car come from?

"Designed To Fail, Failure Guaranteed"

"Designed To Fail, Failure Guaranteed"
by Charles Hugh Smith

"Systems and nations are designed to fail without anyone even noticing: nobody set out to design the current broken system to fail at critical points, but now failure can't be avoided because the incentive structure has locked in embedded processes that enrich self-serving cartels and insiders at the expense of the nation and its populace.

Nobody chose America's insanely perverse healthcare system - it arose from a set of initial conditions that generated perverse incentives to do more of what's failing and protect the processes that benefit cartels and insiders at the expense of everyone else. In other words, the system that was intended to benefit all ends up benefiting the few at the expense of the many.

The same question can be asked of America's broken higher education system: would any sane person choose a system that enriches insiders by indenturing students via massive student loans (i.e. forcing them to become debt serfs)? Students and their parents certainly wouldn't choose the current broken system, but the lenders reaping billions of dollars in profits would choose to keep it, and so would the under-assistant deans earning a cool $200K+ for "administering" some embedded process that has effectively nothing to do with actual learning. The academic ronin a.k.a. adjuncts earning $35,000 a year (with little in the way of benefits or security) for doing much of the actual teaching wouldn't choose the current broken system, either.

Now that the embedded processes are generating profits and wages, everyone benefiting from these processes will fight to the death to retain and expand them, even if they threaten the system with financial collapse and harm the people who the system was intended to serve.

How many student loan lenders and assistant deans resign in disgust at the parasitic system that higher education has become? The number of insiders who refuse to participate any longer is signal noise, while the number who plod along, either denying their complicity in a parasitic system of debt servitude and largely worthless diplomas (i.e. the system is failing the students it is supposedly educating at enormous expense) or rationalizing it is legion. If I was raking in $200,000 annually from a system I knew was parasitic and counter-productive, I would find reasons to keep my head down and just "do my job," too.

At some point, the embedded processes become so odious and burdensome that those actually providing the services start bailing out of the broken system. We're seeing this in the number of doctors and nurses who retire early or simply quit to do something less stressful and more rewarding.

These embedded processes strip away autonomy, equating compliance with effectiveness even as the processes become increasingly counter-productive and wasteful. The typical mortgage documents package is now a half-inch thick, a stack of legal disclaimers and stipulations that no home buyer actually understands (unless they happen to be a real estate attorney).

How much value is actually added by these ever-expanding embedded processes?
 By the time the teacher, professor or doctor complies with the curriculum / "standards of care", there's little room left for actually doing their job. But behind the scenes, armies of well-paid administrators will fight to the death to keep the processes as they are, no matter how destructive to the system as a whole.

This is how systems and the nations that depend on them fail. Meds skyrocket in price, student loans top $1 trillion, F-35 fighter aircraft are double the initial cost estimates and so on, and the insider solutions are always the same: just borrow another trillion to keep the broken system afloat for another quarter.Yet it still comes as a great surprise to everyone when doing more of what's failed spectacularly ends up collapsing the whole rotten structure.

Consider a spacecraft as a metaphor for a system which is designed not to fail but that can fail anyway. There are two basic ways the spacecraft can fail: a single essential component can fail, or a single failure can trigger a domino-like cascade which leads to the entire craft failing. If the craft's single oxygen tank ruptures, the crew dies. 99% of the spacecraft is still working perfectly, but the system failed in its primary purpose: keeping the crew alive. If an electrical failure causes a cascade of subsystem failures, you end up with the same result: a powerless craft and a dead crew. But 99% of the system is working just fine is little solace to the expired crew."

Friday, January 15, 2021

"The Affluenza Defense"

"The Affluenza Defense"
by Alexandra Petri

"Until a trial in 2012, I had never heard of affluenza. But it was used by the attorney for a wealthy 16-year-old as a defense against what could have been a 20-year sentence for killing four people in a drunken driving accident. Yes, really. 

As Max Ehrenfreund writes: "Prosecutors had asked that the boy be sentenced to 20 years in prison, but Gary Miller, the psychologist who testified in his behalf, recommended counseling. Miller said that the boy had an unhealthy relationship with his wealthy parents, who used him as a tool and a hostage to extract concessions from each other.

Meanwhile, they neglected to teach Miller that dangerous behavior could have serious consequences, according to the psychologist. “He never learned that sometimes you don’t get your way,” Miller said. “He had the cars and he had the money. He had freedoms that no young man would be able to handle.”

He used the term “affluenza,” which describes the ennui and depravity of certain very rich people, and which was popularized by psychologist Oliver James in a 2007 book by the same title. The judge in the case, Jean Boyd, rejected the suggestion that the boy’s parents were ultimately responsible for his actions, and told him at his sentencing that he was at fault, according to WFAA. Yet Boyd agreed that the defendant needs therapy and said that she feared he would not receive it from Texas’s juvenile system.

All this about affluenza leaves me with one question: How do you catch it? It sounds like the best disease ever. Symptoms include: having money, having lots of money, having so much money you are actively unhappy about it, having lots of things, having lots of things and money, having so much money that none of your actions have consequences. Sign me up!

With a name like affluenza, it sounds relatively contagious. I think I remember reading about the Spanish affluenza epidemic that followed World War I? Suddenly everyone was confined to bed with more money than they knew what to do with, and it was only cured by the sharp stock market shock of October 1929.

But clearly the virus is still out there. How to catch it? I pondered this for some time. The trick, I reasoned, would be to find a place where wealthy people congregate and try to expose myself. So I stood on a country club lawn for several hours, hoping someone would sneeze. Nothing. I got hit in the head with a golf ball, though, and someone shouted something disparaging that I couldn’t quite make out that sounded like “99 percenter something something!” And then a butler came by and removed me, and I was right back where I started.

“Perhaps, however,” writers John de Graaf, David Wann and Thomas H. Naylor say in their bestseller “Affluenza: The All-Consuming Epidemic,” “affluenza is more like a sexually transmitted disease.” Ah. Clearly I had been going about this wrong. I’m going to slip into something more comfortable and trek back out to that golf course. “Hey,” I will murmur, gazing at my bow-tie-clad interlocutor and fingering the rim of my cocktail glass, “do you have affluenza? Because if so, I’d like to catch it!” That’s sexy, right?

Soon I look forward to calling into work “affluent.” “Sorry,” I will say, rattling a sack of gold coins into the receiver, “can’t come in to work today. My affluenza is acting up again. I have to stay in the house buying expensive shoes but feeling really, really unhappy about it. Later I’ll go out and throw coins to the unafflicted. I’m sorry, did I say ‘to’? I meant ‘at.’ ”

“What?” my beleaguered employer will respond. Instead of saying anything, I will rustle several bills of different denominations and a giant blank check into the phone. “Did you not understand that, non-affluent person?” I will yell. “Money is speech, remember? I am fluent in money - one might even say, AFFluent!” My money and I will titter over this joke, then hang up. Later I will melt a whole pile of Rolexes and pour them into an anthill, just to see what happens. With affluenza, you need fear no consequences. “I can’t possibly be guilty of a crime, officer,” you point out, if anything comes up. “I have far too much money.” This is sound logic. You dangle a few dollar bills out the window, and suddenly it turns out you weren’t speeding at all. Most things, money can buy. And for everything else, there’s more money.

This might be a laughing matter if it hadn’t actually happened. But it has. After the Texas case, several psychologists told the AP that this was clearly not a real diagnosis to be used in court. “The simple term,” said one, “would be spoiled brat.” Nonsense. There’s a clear difference between a “spoiled brat” and “a poor affluenza-afflicted youth who cannot be made to suffer the consequences of his actions.” About three or four figures, I’d say."
Related:

"655 People Have $4 Trillion In Wealth, 200 Million Can’t Cover a $1000 Expense"

"655 People Have $4 Trillion In Wealth, 
200 Million Can’t Cover a $1000 Expense"
by Epic Economist

"The response to the health crisis has largely expanded the gap between the ultra-wealthy and the remaining American population to levels never seen before. The extraordinary monetary policies that were put in place to allegedly provide some support for American families have been more beneficial to the rich than to those who really needed help. As stock prices soared to astronomical heights, affluent investors have seen their wealth skyrocket, but for the rest of the country, the current recession has sent their finances down to a cliff. 

Jobless claims continue to surge, as several industries, especially in the hospitality sector, are still dealing with restrictions to their operations and barely managing to stay afloat. Consequently, the mass lay-offs are causing low-income groups to experience major financial distress, and tens of millions are potentially facing eviction in 2021. But although we are mired in the worst economic collapse ever recorded in all of U.S. history, the ones at the very top of the economic pyramid are laughing all the way to the bank. That's what we discuss in this video.

The financial abyss that lies between the haves and the have-nots is being placed under scrutiny, as the event of the health crisis has enabled authorities to deliberately allow the downfall of tens of thousands of mom-and-pop business through the introduction of deeply flawed monetary policies that have been pushing financial assets up and the economy further down. While stock market indexes staged a remarkable rebound from the lows seen last March when the outbreak first hit, the chasm between the wealthy and the poor has been dramatically widening to proportions never witnessed in U.S. history.

A recent BofA Global Research report has revealed that a measure of the differential between gains in financial assets and the health of the economy hit a record at 6.3X in 2020. At this stage of the recession, it goes without saying that stock markets have become completely divorced from economic reality. Stock prices are absurdly overvalued compared to historic levels. 

According to Business Insider estimates, since the burst of the sanitary outbreak, multiple prominent billionaires expanded their wealth by over a half a trillion dollars. This impressive wealth growth occurred despite the 20 million unemployment claims registered at the peak of the crisis last spring, as American workers were left jobless once lockdowns and social distancing measures were implemented to limit the spread of the virus. 

A report by Moody’s Investors Service suggested that income and wealth inequalities are keeping the U.S. economy from reaching its full potential and posing an ongoing “social risk”. That is to say, much more civil turbulence might arise as a consequence of worsening life conditions for low-income groups, which have been particularly affected by the economic fallout of the health crisis and left without alternatives and a proper safety net. 

As more jobs started being shed since last month, the country is undergoing a significant loss of momentum that will likely compromise our chances of finally heading out of this recession. Even though 2021 has just begun, first-time claims for unemployment insurance jumped to 965,000 during the week ended on January 9, evidencing the signs of turmoil brought on by restrictions in economic activity. The number was the highest recorded since the week ended on August 22, when more than 1 million claims were filed.

Meanwhile, a new report from Bankrate.com has revealed that only 39 percent of all Americans would be able to cover an unexpected $1,000 expense, which means roughly 61 percent of Americans can't afford to have any emergency spending. The survey also found that Americans are getting increasingly less optimistic about the future, especially amongst older groups, with only 28% of those aged 66 and older expecting a better financial situation this year. It has become apparent that pessimism is sweeping across the country, as many are fearing another financially painful year. Just as consumers', business owners' optimism is falling as well.

It's no wonder why so many people are losing their hopes for a better year. Traditionally, Americans have been known as optimistic and forward-thinking people, but in face of the meltdown of so many institutions, and mounting uncertainty about what's lying ahead, there just aren’t any reasons to be optimistic about the U.S. economy in 2021. 

Knowing that our leaders aren't worried enough about fixing the economy by safely reopening businesses and putting workers back to their posts, but instead, they will likely continue adding to the national debt by launching massive spending to keep the markets heated while Main Street crumbles, we will be inevitably seeing more civil agitation in the months ahead - the perfect recipe for chaos." 

Musical Interlude: 2002, "Breathing Light"

2002, "Breathing Light"
Full screen recommended.

"A Look to the Heavens"

"Distorted galaxy NGC 2442 can be found in the southern constellation of the flying fish, (Piscis) Volans. Located about 50 million light-years away, the galaxy's two spiral arms extending from a pronounced central bar have a hook-like appearance in wide-field images. But this mosaicked close-up, constructed from Hubble Space Telescope and European Southern Observatory data, follows the galaxy's structure in amazing detail. 
Obscuring dust lanes, young blue star clusters and reddish star forming regions surround a core of yellowish light from an older population of stars. The sharp image data also reveal more distant background galaxies seen right through NGC 2442's star clusters and nebulae. The image spans about 75,000 light-years at the estimated distance of NGC 2442."

“Signs And Wonders”

“Signs And Wonders”
by Jim Kunstler

"In case you don’t know what condition our condition is in, the name for it is a crisis of legitimacy. Four years of seditious harassment by a “Resistance” within-and-without the US Government culminates in the janky election of a mentally incapable grifter… run by whom? Does anyone seek to know who, exactly, is pulling Joe Biden’s strings? My guess would be…duh… Barack Obama and his posse. When will he be outed? Maybe today… or next week at the latest. Heads will explode to see liberalism’s bowling trophy fall off the national mantelpiece. If you think Nancy Pelosi is running around in a hebephrenic fugue state now, just wait.

A crisis of legitimacy means that citizens have lost faith in their institutions, that is, in the armature of agreements and procedures for running this society. Do you have any idea how much damage RussiaGate did to the country? The three-year-long mind-f**k perpetrated by the highest officials of the FBI and the CIA ruined whatever was left of their reputations. Not only are citizens not safe from the powers of life-and-death vested in these agencies, but they know that officials who wield that power recklessly won’t be held responsible when acting outside the law. Are we any better now than the Russians under Leonid Brezhnev?

UkraineGate and the first Trump impeachment it spawned was a CIA operation that used CIA agent Eric Ciaramella and Intel Community Inspector General Michael Atkinson (a former DOJ RussiaGate player) to cover up the influence-peddling crimes of Joe Biden’s family behind a smokescreen of perfidy fanned over the nation by the notorious RussiaGate liar, Rep. Adam Schiff (D-CA). The State Department assisted in that op, and now the whole country knows that they are also ethically unreliable.

In both of these gigantic flimflams, the president could not get any satisfactory scrutiny of the injuries attempted against him, because the ops were run by the very agencies needed to provide that scrutiny over unlawful official behavior. Did the DOJ and its stepchild, the FBI, show any interest in the recent voting irregularities, or is it just convenient to let it all slide so they can answer to a new president, with a clear and urgent interest in burying the matter?

Is it any wonder that a huge chunk of the population doesn’t believe the election was on-the-level? Federal law enforcement has not revealed the identities of exactly who incited the invasion of the Capitol building - and do you believe who The New York Times and CNN claim it was: white supremacist Nazis? Has it not occurred to the “winner” and his handlers that such a public mood of distrust will thunder through our national affairs going forward?

It’s late in the game but something appears to still be in play, and the Resistance is keenly aware of it: a trove of declassified documents laying out their crimes against their own countrymen. Nothing has stuck to the Resistance because they controlled the levers of adjudication. What if, under the extraordinary conditions of the moment, those levers are transferred to one arm of the government that has not disgraced itself: the military? I wrote in this blog more than once in recent years that political disorder could lead to this. Has that moment come?

Thousands of troops are billeted in and around Washington DC now. Why is that? The figment of more white supremacists coming to reenact last week’s incident at the Capitol? I don’t think so. A BLM/Antifa riot, like the ones staged in cities (including Washington DC) all through the summer and fall? (Weren’t they mostly peaceful?) Or is something else up, something that will mark an epochal shift in the fortunes of the USA?

Did you catch Joe Biden on TV last night? Did his appearance fill you with the sweet, warm unction of reassurance? Or did you get the impression that I got: of a near-mummy in a state of panicky confusion, sent from his hidey-hole out to a podium to give an impersonation of someone in authority? I didn’t believe the performance for a minute. The poor schlemiel is headed straight into history’s discontinued merchandise bin. He will probably wonder what awful vanity propelled him down the memory hole as he descends into the darkness… but his memory preceded him down the memory hole and he will have forgotten how the whole thing started. His exit will be a merciful one compared to the people who trussed him up and shoved him onstage to flesh out their lame narrative."

"The Problem Is..."

“How small a portion of our life it is that we really enjoy. In youth we are looking forward to things that are to come; in old age, we are looking backwards to things that are gone past; in manhood, although we appear indeed to be more occupied in things that are present, yet even that is too often absorbed in vague determinations to be vastly happy on some future day, when we have time.”
- Charles Caleb Colton, “Lacon”
“The problem is, you believe you have time.”
- Buddha
Hans Zimmer, "Time"
Full screen recommended.

"Economic Market Snapshot PM 1/15/21"

"Economic Market Snapshot PM 1/15/21"
"Capitalism is the astounding belief that the most wickedest of men will
do the most wickedest of things for the greatest good of everyone."
- John Maynard Keynes
"Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
Gregory Mannarino, PM 1/15/21:
"IMPORTANT UPDATES: 
Stocks, Bitcoin, Crypto, Gold, Silver, MORE"
"The more I see of the monied classes, 
the better I understand the guillotine."
- George Bernard Shaw
MarketWatch Market Summary, Live Updates

CNN Market Data:

CNN Fear And Greed Index:
A comprehensive, essential daily read.
Daily Updates, Jan 15th to 18th
Financial Stress Index
"The OFR Financial Stress Index (OFR FSI) is a daily market-based snapshot of stress in global financial markets. It is constructed from 33 financial market variables, such as yield spreads, valuation measures, and interest rates. The OFR FSI is positive when stress levels are above average, and negative when stress levels are below average. The OFR FSI incorporates five categories of indicators: credit, equity valuation, funding, safe assets and volatility. The FSI shows stress contributions by three regions: United States, other advanced economies, and emerging markets."
Daily Job Cuts

Commentary, highly recommended:
And now, the End Game...

Musical Interlude: Josh Groban, "You Are Loved (Don't Give Up)"

Josh Groban, "You Are Loved (Don't Give Up)"

The Daily "Near You?"

New Baltimore, Michigan, USA. Thanks for stopping by!

"A Message To Anyone Who Feels Like 'Winston' In Orwell's '1984'"

"A Message To Anyone Who Feels Like
 'Winston' In Orwell's '1984'"
by Simon Black 

“The ideal set up by the Party was something huge, terrible, and glittering... all thinking the same thoughts and shouting the same slogans, perpetually working, fighting, triumphing, persecuting - three hundred million people all with the same face.” That was a quote from George Orwell’s seminal work "1984" - a masterpiece that describes life in a totalitarian state that demands blind obedience.

The ‘Party’ controlled everything - the economy, daily life, and even the truth. In Orwell’s "1984", “the heresy of heresies was common sense.” “Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”

If you were ever caught committing a thoughtcrime - dissenting from the Party for even an instant - then “your name was removed from the registers, every record of everything you had ever done was wiped out, your one-time existence was denied and then forgotten.”

Now, our world obviously hasn’t become quite as extreme as Orwell’s dystopian vision. But Big Tech, Big Media, and Big Government certainly seem to be giving it their best effort. 70,000 thought criminals have already been purged from Twitter. Facebook and Reddit are feverishly removing user content. Apple, Google, and Amazon have banned entire apps and platforms.

Undoubtedly there is plenty of wacky content all over the Internet - misinformation, ignorance, rage, hate, violence, and just plain stupidity. But these moves by the Big Tech companies aren’t about violence. If they were, they would have deleted tens of thousands of accounts over the last few years– like the mostly peaceful BLM activist who Tweeted “white people may have to die”. Or the countless others who have advocated for violent uprisings against the police Then, of course, there’s the #assassinatetrump and #killtrump hashtags that has Twitter has allowed since at least 2016. Or the #killallmen hashtag that’s allowed on Twitter and Instagram.

This is not about violence. It’s about ideology. If you hold different beliefs than the ‘Party’, then you risk being canceled or ‘de-platformed’ by Big Tech. Icons like Ron Paul - who spent years criticizing the current administration’s monetary and national defense policies, and had nothing to do with the Capitol, have been suspended or locked out of their Facebook pages.

The hammer has dropped, and it is now obvious, beyond any doubt, that you better watch what you say - your livelihood, your social life, and your safety may just depend on it. Or else, you will be purged, canceled, deleted from the Internet, denied payment processing by Visa, PayPal, and Stripe, and expelled from domain registrars like GoDaddy.

The message is clear: behave and think exactly as we tell you, or you will lose everything you have worked for, in the blink of an eye. Sure, the ‘Party’ may give lip service to tolerance and unity. As long as you fall in line. Otherwise it’s more rage and ridicule. They act like you’re a crazy person because you have completely legitimate questions and concerns - whether about Covid lockdowns, censorship, media misinformation, etc.

It’s extraordinary that after so much deliberate misinformation and bias, the media still expects people to take them seriously. CNN seems to believe that think anyone who doubts their credibility is a ‘conspiracy theorist.’ All of these trends are probably making a lot of people very nervous. Even scared. Despair has undoubtedly set in, much like in Winston Smith, the main character in Orwell’s "1984."

So, for all the Winstons out there, the most important thing right now is to remain rational. As human beings we tend to make terrible decisions when we’re scared, sad, or angry. Have confidence in knowing that you have MUCH more control over your own life, livelihood, and future than they want to you believe. But you absolutely will have to make some deliberate, potentially difficult decisions.

For example, if you’re fed up with Big Tech, you can de-Google your life. No one is holding a gun to your head to have a Facebook account or use gmail. There are plenty of other options out there that we’ll discuss in future letters.

More importantly, you might find that your hometown isn’t safe anymore - especially if you live in a big city controlled by politicians intoxicated on their Covid powers. It’s really time to consider your immediate environment - if the local schools are brainwashing your kids, the dictatorial health officials shutting down your business, or nosy neighbors ready to turn you into the Gestapo for having family over for the holidays, then you might think about moving. That might simply mean moving a few miles to a new county. Or a new state/province. Or potentially overseas. We’ll help provide you with information on plenty of options.

It might also be time to reconsider some of your business infrastructure - to have backup web servers and payment processors, for example, if you have an online business. It might be time to consider some new financial options as well, lest the banks jump on the band wagon and start ‘canceling’ accounts for heretics.

But that’s the silver lining: we’ve never had more alternatives than now. Everything - technology platforms, financial institutions, and even our personal residence - it’s all replaceable. All of it. We have never had more control over our own privacy, data, livelihood, and environment… as long as you have the willingness to take action."
Freely download "1984", by George Orwell, here:

"A Chime Of Words..."

"Yes there is a meaning; at least for me, there is one thing that matters-
to set a chime of words tinkling in the minds of a few fastidious people."
- Logan Pearsall Smith

Read online "A Chime Of Words", by Logan Pearsall Smith, here:

"Note to Heaven – Get Out of the Way!"

"Note to Heaven – Get Out of the Way!"
By Bill Bonner

"Give me a lever long enough, and a fulcrum on
 which to place it, and I shall move the Earth."
– Ancient Greek mathematician Archimedes

WEST RIVER, MARYLAND – "The new administration is setting an ambitious goal for itself. Archimedes expressed what at least was a “theoretical” possibility. Joe Biden went off the deep end, saying his administration would move “Heaven and Earth” to give people a shot in the arm. From USA Today: "President-elect Joe Biden wants Americans to get 100 million COVID-19 vaccine shots during the first 100 days of his administration, a lofty goal to reverse a slow start to the nation’s vaccine rollout."

Our guess: Heaven will stay put. It’s the Biden Team that will crawl out of its hole… and venture where no man has gone before… and where none ought to go. Which is why 2021 is shaping up to be one of the most entertaining years ever.

Failed Stimulus: Yes, Dear Reader, moving Heaven and Earth was just part of a larger program… a $1.9 trillion grab bag of boondoggles and absurdities… including $2,000 “stimmy” checks… pretending to be “relief.” Here’s The Washington Post: "The Biden plan directs roughly $400 billion to fighting the public health crisis, including through a national vaccination program, scaling up testing and contact tracing and providing paid sick leave to contain the virus’s spread, senior Biden administration officials told reporters ahead of the speech.

To fill the lingering holes in the economic recovery, the plan also includes more than $1 trillion in direct aid to struggling families by increasing stimulus checks to $2,000, extended unemployment insurance, rental protections and nutrition assistance. The Biden proposal also allocates $440 billion to small-businesses, local communities and transit systems on the brink."

As foretold, more stimulus is on the way. Biden says the feds have a “moral obligation” to provide money they don’t have to people who don’t need it. We have already seen that “stimulus” can raise prices (especially asset prices). But it can’t magically turn printing-press money into the goods and services a real economy requires.

Last year, the feds unleashed as much as $6 trillion in new stimulus, the most ever in one year. Federal debt jumped nearly $4 trillion in the last 12 months. According to the theory, stimulus is like a lever… You can use it to pry into the economy and lift up growth. But where’s the growth?

Later in the same article quoted above, the Post tells us that: "Fears that the economic recovery is losing ground are mounting as nearly a million people filed for unemployment last week and the country lost jobs in December, marking the first decline since the recovery began in May." Yes, the stimmy delivered in 2020 failed to do the trick. The stock market took off. But the real economy still sags.

Just the Beginning: So what’s next? Moving Heaven? Nah… Just more stimulus, of course. Even CNN sees which way the wind is blowing: "US debt surged by $7 trillion under Trump. It will go much higher under Biden. President Donald Trump certainly lived up to his self-proclaimed status as the King of Debt during his term in office. The national debt spiked by $7 trillion during Trump’s tenure – and it’s about to soar much higher under his successor."

Biden says this is just the beginning. There’ll be more coming… as necessary. He’s already on the case… with a proposal to double the minimum wage. From Bloomberg: "Incoming President Joe Biden will seek to increase the federal minimum wage to $15 an hour as part of his $1.9 trillion pandemic relief bill, a move that could complicate its passage through the closely divided U.S. Senate. Biden had previously said he would make increasing the minimum wage – currently $7.25 an hour – an early priority."

Nothing is impossible now. Apple is now said to be worth $2.2 trillion… or 40 times its net income. A price-to-earnings (P/E) ratio of 40 is usually reserved for new companies whose earnings are rocketing upwards. But Apple is now 44 years old… and its sales over the last five years are almost flat. So what gives?

Tesla stock is at maniac levels, too; the company is now supposedly worth $800 billion. There is almost no chance that Tesla will ever earn enough to justify that valuation.

Getting Loopy" And don’t forget bitcoin (BTC). It’s a whole ‘nuther thing, of course. Is it good money? Bad money? We don’t know… But Big Money is going into BTC. Where does all this money come from? Surely it, too, must be a feature of the feds’ “stimmy” programs.

When money is so easy to come by, everything becomes a little lighter… easier to pry loose and levitate. That is, when you can replace years of hard work, saving, self-discipline, innovation, resources, and time itself… with fake money…the SKY’S the LIMIT! So Heaven will have to get out of the way."

"How It Really Is"

 

"Covid-19 Pandemic Updates 1/15/21"

"Covid-19 Pandemic Updates 1/15/21"

January 15,  2021: 

"Virus deaths are skyrocketing in the U.S. as the national toll nears 400,000. Much of the surge is coming from Arizona and California. (Here’s the breakdown by state.)

At least 28 U.S. states have begun vaccinating older people. Check the rules in your state here."

 Jan. 15, 2021 7:48 AM ET: 
The coronavirus pandemic has sickened more than 93,211,200 
people, according to official counts, including 23,371,130 Americans.
Globally at least 1,995,700 have died.

"The COVID Tracking Project"
Every day, our volunteers compile the latest numbers on tests, cases, 
hospitalizations, and patient outcomes from every US state and territory.
https://covidtracking.com/

"We've All Heard..."

"The early bird catches the worm. A stitch in time saves nine. He who hesitates is lost. We can’t pretend we haven’t been told. We’ve all heard the proverbs, heard the philosophers, heard our grandparents warning us about wasted time, heard the damn poets urging us to seize the day. Still, sometimes, we have to see for ourselves. We have to make our own mistakes. We have to learn our own lessons. We have to sweep today’s possibility under tomorrow’s rug, until we can’t anymore, until we finally understand for ourselves what Benjamin Franklin meant: That knowing is better than wondering. That waking is better than sleeping. And that even the biggest failure, even the worst, most intractable mistake, beats the hell out of never trying.”
- “Meredith”, “Grey’s Anatomy”

Gerald Celente, "The Biden Bounce, The Worst Is Yet To Come"

Gerald Celente, 
"The Biden Bounce, The Worst Is Yet To Come"
"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over hype and propaganda to help subscribers prepare for What’s Next in the increasingly turbulent times ahead."

As only Gerald could do... lol

"Is 2021 an Echo of 1641?"

"Is 2021 an Echo of 1641?"
by Charles Hugh Smith

"The reason why history rhymes is that humanity is still using Wetware 1.0 and so humans respond to scarcity, abundance and conflicts over them in the same manner. I am struck by similarities between the conflict-torn mid-1600s and the present: global climate change (The Little Ice Age in the 1600s), political upheavals and wars which intertwined civil and imperial conflicts. Global Crisis: War, Climate Change and Catastrophe in the 17th Century is a fascinating overview of this complex era which disrupted regimes and empires from England to China.

Climate change (The Little Ice Age) generated scarcities of grain in a time of burgeoning human populations. As in the present day, everyone assumed ample harvests would continue forever--expanding abundance is the New Normal. Alas, Nature is not a steady-state system and cycles are not tamed by our desire for ever-expanding abundance.

Humans respond to scarcity by assessing who's getting the biggest pieces of the shrinking pie. When hunger begets desperation, various dynamics are set into motion as those without agency and capital, i.e. political and financial power do whatever they can to get enough to survive while those holding the majority of political and financial power, jockey to maintain or expand their power.

These dynamics are fluid and prone to non-linear flows in which relatively small actions unleash enormous consequences that are not predictable. If we squint, however, we can discern some repeating patterns in this chaotic swirl:

1. Private owners of capital (i.e. elites) seek to influence the state to protect / expand their holdings.

2. The dispossessed/disenfranchised masses seek redress/succor from the state.

3. The geopolitical balance of power becomes increasingly precarious as competition for control of resources and political power heats up.

4. The state's resources are diminished by famine, decline of trade, etc. as pressures from geopolitical rivals, elites and the masses are spiking, reducing the state's ability to respond to the multiple challenges/overlapping crises.

5. The overlapping crises reveal and exploit the weaknesses in the political, social and economic structures, and in the competing elites.

6. Leaders concentrate centralized power in the hands of the few as a coping strategy by reducing the influence of broad-based councils, assemblies, etc. This concentration of power at the expense of the many (including lower-level elites who were accustomed to holding some consequential power) increases resistance of those being cut out of the decision-making and increases the odds of catastrophic errors of judgment in the few at the top.

7. As the state falters or divides into warring factions, the most powerful elites take control of resources and power from the state, both as a defensive measure and as a means of exploiting the crisis to their own advantage.

8. Populist leaders arise demanding a fairer distribution of resources and power. The more repressed the masses, the greater the disorder created by this emergence of long-silenced voices.

9. Each node seeking to defend or expand its share of resources and power projects and amplifies persuasive rhetoric, symbols and beliefs to unify its supporters around deeply held values and aspirations.

10. With so many loyalties in play - local, regional, linguistic, political, social, religious and economic - each node/faction seeks to decisively cement loyalties by establishing all-or-nothing hard lines via ideologically "pure" rhetoric that demonizes competing factions, effectively dividing the populace into us-and-them camps that leave little middle ground for compromise or negotiation.

11. In this fevered competition for loyalty and trustworthy followers willing to sacrifice for the faction, leaders view every advance as evidence that compromise is unnecessary as total victory awaits the next "win."

12. Given the grievous losses and potentially devastating consequences of competing factions gaining ground, the victors of each battle hasten to take revenge on the losing faction, laying waste and inflicting cruelties that harden the hearts of the surviving losers and inciting their own determination to exact a full measure of revenge when fortunes turn their way.

13. Only when the land, people and treasure are all exhausted does the promise of total victory fade, and the factions seek some negotiated settlement that leaves whatever power they still have intact lest they lose everything.

14. The eventual settlement could have been reached in the initial stages of disorder, but the leaders of the factions were too myopic, too confident in their own judgment and power, too greedy for more and too hubris-soaked to appreciate their own weaknesses and the immense pitfalls ahead.

If you don't discern any of these dynamics in the present, what are you choosing not to see?"

"Animals"

"Animals"

"I think I could turn and live with animals, they
are so placid and self contain’d;
I stand and look at them long and long,
They do not sweat and whine about their condition;
They do not lie awake in the dark and weep for their sins;
They do not make me sick discussing their duty to God;
Not one is dissatisfied - not one is demented with
the mania of owning things;
Not one kneels to another, nor to his kind that
lived thousands of years ago;
Not one is respectable or industrious over the whole earth."

- Walt Whitman

"Life, eh?"

"We said together, wistfully, 'Life, eh?' It says everything without having to say anything: that we all experience moments of joyful or painful reflection, sometimes alone, sometimes sharing laughs and tears with others; that we all know and appreciate that however wonderful and precious life is, it can equally be a terribly confusing and mysterious beast. 'Life, eh?"
- Miranda Hart

Thursday, January 14, 2021