Thursday, November 4, 2021

“Three Hard Truths About American Collapse”

“Three Hard Truths About American Collapse”
by Umair Haque

“I’m going to keep this short and bittersweet. America’s probably not going to recover in our lifetimes, if ever. Let me start with some alarming and necessary factoids. America’s a country whose three main indicators are all blinking nine-alarm red  –  they’re what “collapse” really means. Life expectancy’s falling. Real incomes are shrinking. And 80% of people live paycheck to paycheck. By all means  –  elect anyone you want to. An electoral change might mitigate those, but it’s not going to magically alter the downwards trajectory. The American future is a grim choice between a return to yesterday’s slow collapse and the continuation of today’s light-speed implosion  –  probably not anything remotely like Europe or Canada’s gentle, hopeful upwards trend in quality of life.

That’s because these megatrends of collapse are the culmination of decades of self-destructive choices, trickle-down economics, neoliberalism, market fundamentalism, a total lack of investment in people, a culture of cruelty, a modern day caste society, Walmart capitalism, all of which added up to Weimar republic style ruin  –  letting middle classes implode, leaving the poor to die in the streets, because a predatory elite was allowed to capture more than 100% of society’s gains, and worse still, Americans were told to believe, by wise men, that all that was noble, righteous, and true: only the strong should survive. So these megatrends, because they took decades to gather momentum, and carry great inertia, are not going to be undone overnight, or even in a year, or even in a decade. Reversing them is the work of a generation, at the very least. Why?

America doesn’t have any functioning institutions whatsoever  –  and it’s not going to anytime soon. Government, media, corporations, judiciary, “jobs”, healthcare, transportation, finance, banking, pensions, retirement, education  -  go down the list. Do any of these function as they should  –  even remotely, in a healthy society? Its media is still fawningly profiling Nazis. Its opposition party is the most craven thing since Neville Longbottom. It has no agenda whatsoever. Its “best” educational institutions turn out little soulless predators aspiring to be hedge fund managers –  hardly statesmen, intellectuals, and decent human beings. And so on.

For these three megatrends of collapse to be reversed, America’s going to have to be remade whole  – first institutionally, and then via a new social contract. Think of Britain’s NHS or BBC, the German idea that unions sit on company boards, the French national pension system, Scandinavian social democracy as a whole. Institutions that make up a better social contract. But every single one of America’s institutions is broken. The question isn’t so much reforming dysfunctional ones as building functional ones. But the idea that America should have an NHS or BBC or debt-free education or a Public Retirement System is science fiction, and it always has been. Not only does neither party support it  –  though maybe the “democratic socialists” come mildly close  –  but nobody in any position of power in society seems aware that such a problem of broken institutions even exists. So who’s going to build them?

America doesn’t have the values to prosper without self-destructing  –  and it probably never did – because its prosperity has always been predatory. America doesn’t have working institutions because Americans, quite frankly, don’t care about each other. American prosperity has been based more on predation, people keeping others down, than it has on people lifting each other up. But that approach can only end in collapse. I know you’ll find that harsh.

And yet, the logic is very simple. America never developed what we might call the values of a genuinely civilized society. Empathy, compassion, truth, wisdom, benevolence, humanity. Fundamentally, that if everyone’s only out for themselves, then there is nothing that everyone in a society can enjoy as a basic human right. But if that’s the case, quite obviously, people will go without decent healthcare, education, finance, media, and so on. Worse, if everyone’s trying to compete for those things, punching everyone else down, by definition, those very things will always be absent in society  –  even when they can and should be available to all.

Public institutions provide social goods for all people to enjoy. America is the only  –  the only  –  rich society in the world that never built them. Why? Well, the premise of America until 1971 or so was segregation  –  and before that, slavery. But you can’t build public institutions that work for everyone if the point of your society is to discriminate, subjugate, and repress.

And yet, even after 1971, every single time the issue of working public institutions was raised, American whites, especially elites, flatly, absolutely refused them. They didn’t want anything that belonged to everyone in society, not healthcare, not education, not income, not retirement  –  their attitude was more or less, “As long as I get mine, why should I care about those dirty blacks, immigrants, Mexicans, gays, Jews, Muslims? They don’t deserve anything!” And that attitude still what prevails. It’s what kept America from building the working institutions of a functioning society, which might have provided good lives for everyone. But without those institutions, America was only getting rich by preying on itself  –  and that game had to run out sometime. That time is now, when 80% of Americans are broke. Bang! Prosperity based on predation leads to collapse.

Do you see the irony? Americans just don’t value one another as human beings, really –  and they never have. Only some people  –  whites value whites, elites value elites, and so on. Hence, Americans would rather keep the basics of life from one another, in order to preserve superiority and dominance over others, than grant them to everyone, and live better lives. They have always thought this way  –  and nothing has ever changed that underlying logic. But that logic is not only immoral  –  it’s also self-destructive. Because there comes a point when the price of dominance is self-destruction. If I’m denying you healthcare, so that I keep you down, and retain a higher social status, stratum and income, but it costs me and my kids and our very own healthcare, sanity, and life expectancy, too  –  then what’s the purpose of the game I’m playing, except spiteful ruin? And yet, that’s what America is, and what it always has been.

The irony of America, if you ask me, is that it never understood this most basic lesson of history. The problem with a Promised Land is that it tempts people to believe that its abundance must belong only to them, and to them alone. In that way, a Promised Land can never be a place for everyone. It will be a bitter, bruising war for conquest, possession, and domination, forever  –  instead of being something like a healthy, sane, caring society. And yet a war against itself is what America has always been  –  and what, if you ask me, it will go on being. Unless, improbably, it grows up, and recognizes the dignity and possibility in every life is worth more than any Promised Land will ever be.

America probably isn’t going to make it. If you are, though, I think that a life worth living begins there.”

"As Covid Lockdowns Increase Economic Growth Will Decrease"

Gerald Celente, 11/4/21:
"As Covid Lockdowns Increase Economic Growth Will Decrease"
"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over fear and propaganda to help subscribers prepare for What’s Next in these increasingly turbulent times."

The Daily "Near You?"

West Greenwich, Rhode Island, USA. Thanks for stopping by!

"It Just Means..."

 

"Fed to Stop Diddling the Accounts?"

"Fed to Stop Diddling the Accounts?"
by Bill Bonner

BALTIMORE, MARYLAND – "Hot off the presses comes this story from Politico: "Fed set to begin pulling plug on massive aid to economy. The Federal Reserve said Wednesday it will begin to slow its massive bond purchases later this month, the first step in removing its extraordinary pandemic-era support for the economy.

The long-awaited move signals both optimism about the pace of job growth and wariness about price surges that have pushed inflation up to its highest level in decades. The central bank has been buying $120 billion a month in U.S. government debt and mortgage-backed securities, a process designed to supercharge its efforts to keep borrowing costs low for households and businesses."

Fed chief Jerome Powell (our fellow student at Georgetown Law Center) insists that the Fed’s money-printing was an emergency program. If the Fed had not taken control of the economy in 2008… and again in 2020… it would be in a shambles, he believes. And by June 2022, the emergency will be over, says he.

Bubble, Bubble… But what really happens when the Federal Reserve gooses the economy with printing-press money and artificially low lending rates? Tesla (TSLA) has been around for nearly 20 years; cumulatively, it hasn’t made a dime of profits from selling cars (it gets billions in government-ordered subsidies). Yet, its share price went up 1,270% since the beginning of Jan 2020.

Shiba Inu (SHIB), a comic coin, gained 84 million percent in the last year. It’s now worth more than Japanese auto manufacturer Nissan (NSANY).

A non-fungible token (NFT) from a “digital artist” named Beeple sold for $69 million at British auction house Christie’s. For reference, Vincent Van Gogh’s Vase with Fifteen Sunflowers masterpiece sold for $96 million (in today’s money) back in 1987.

Stocks soar, while the economy that supports them limps along. Members of Congress, Fed chiefs, Wall Street honchos, and insiders get rich… while the public struggles to get by.

Political Control: The Fed’s key lending rate has been below zero, inflation-adjusted, for almost all of the last 12 years. And now, core consumer prices – measured by the Fed’s “trimmed mean” gauge – are rising faster than at any time in the last 31 years. Here’s the Breitbart report: "A measure of underlying inflationary pressure on the economy rose to its highest level since 1990 in September. The Federal Reserve Bank of Dallas calculates that so-called Trimmed Mean Inflation rose at an annual rate of 5.1 percent in September, the fastest monthly pace of price acceleration in 31 years."

Just what you’d expect, in other words. But some not-so-obvious things happen, too. Politics – whether it concerns forced vaccinations, teaching Critical Race Theory to children, or trillion-dollar boondoggles – has never been so vicious and divisive. Why? Because, when the government controls who gets what, it becomes more important to control the controller. More money is spent on political campaigns. And the other side is demonized, not as merely “wrong” or “misguided,” but as a mortal enemy…

Braiding the Yarn: It’s tempting to dismiss today’s nuttiness with a simple explanation: People go crazy from time to time. In St. Petersburg, Russia in 1917… in Berlin in 1936… in Peking in 1948 – it didn’t matter who you were, what you thought, or who you voted for… it was not likely to end well for you. But there’s more to it than that.

Human society is an intricate weave of “usual understandings,” as Russian president Vladimir Putin put it. Pull on one single thread… and the whole fabric comes apart. We’ve been tracing the yarn every day now for the last 22 years. And what we notice is that things that seem unconnected… or mere “acts of God”… are often woven together in braids of raw self-interest.

Yesterday, we looked at how the SCD (Supply Chain Disruptions) the media is hysterical about were the result of the feds’ central planning. An honest economy depends on millions of fast-moving “measures” – most important, how much someone wants a product and how much he is prepared to pay for it – that the feds can’t possibly know. The more control they exert, the less well it works.

And on Monday, we saw how civil society becomes uncivil. There, the links are harder to see. But when you can no longer trust the money… or the government… the “usual understandings” in the rest of the society seem to give way, too.

Shortages of Everything: In Russia, the Tsarist government multiplied the money supply by about 5 times (no one is sure) to pay for World War I. The ruble lost value. And war created severe supply chain disruptions, which led to shortages of food, especially in St. Petersburg. By 1917, thousands of people were in the streets raising a ruckus. The Bolshevik Revolution followed.

In Germany, the hyperinflation of the early 1920s… along with supply chain disruptions caused by war, reparations, and the loss of the very productive Ruhr Valley… left Germans in a sour mood… easily exploited by left and right, with Hitler and his Nazis as the victors.

In 1937, a dollar would buy you 3.4 Chinese yuan. By the time Mao Tse-tung took over in 1949, it would buy 23 million yuan. Naturally, prices were all over the place during those years… with supply chain disruptions – caused by money printing and war – leading to shortages of just about everything. So chaotic was the economic situation in China that most Chinese probably welcomed the Communist victory.

Everything Goes: When the money goes, in other words, everything goes. Because money determines not just your wealth, but your place in the world… your status… your power… whether you owe or are owed… whether you sell your time or buy others’ time…whether you are a have… or a have-not. But as we showed yesterday, the amount hardly matters. What counts is how it is gotten. And the more the elite controls the distribution of money… the more of it ends up in the hands of the undeserving elite.

But wait… The Fed says it is going to back off. Jerome Powell says he is going to stop diddling the accounts that made him and the rest of the elite so wealthy. Is that really going to happen? Are we going back to a less political world? Stay tuned…"

"Beware of Bank Closures and Credit Cards Getting Cut Off"

Full screen recommended,
Dan, iAllegedly 11/4/21:
"Beware of Bank Closures and Credit Cards Getting Cut Off"

Gregory Mannarino, "AM/PM 11/4/21"

Gregory Mannarino, AM 11/4/21:
"Total Economic Freefall, 
With Inflation About To Surge Higher"
Gregory Mannarino, PM 11/4/21:
"Must Watch, Critical Updates: 
A Global Currency Freefall Is Here, By Design"

"How It Really Is"

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

Wednesday, November 3, 2021

"Relax..."

"Relax. They're not going to kill us. They're going to
TRY and kill us. And that is a very different thing."
- Steve Voake, "The Dreamwalker's Child"
A must view!
"CV19 Injections Will Cause Massive Deaths" 
by Greg Hunter, USAWatchdog.com
"Join Greg Hunter on Rumble as he talks to 25 year veteran Dr. Elizabeth Eads, DO, exposing the lies that Big Pharma, CDC, FDA and NIH are telling the public. Dr. Eads will highlight the real unreported effects of the CV19 injections/jabs and how it’s all gone completely out of control in hospitals across the country."

"Get Ready For Food Rationing"

"Get Ready For Food Rationing"
by Jeffrey Tucker

"It was a very strange moment when this week the spokesperson for the president defended inflation as a high-class problem. She explained that higher prices are merely a sign that economic activity is picking up. People are buying things and that’s good. Of course that pushes up prices, she said. Just deal with it.

At this point, the White House will say anything. Truth, facts, morality - these things matter less and less in current-day America. Your misery is an illusion. Losing your job because you don’t want the jab? Hey, that is the price you pay for noncompliance. Expect no sympathy from anyone in charge.

The Great Rationing: It must have been this flippant dismissal that caused me to go over the top. I wrote that hyperinflation could lead not only to implicit price controls, but also to rationing. Eventually, we could see the government issuing food tickets into bank accounts that allow us only a certain amount of food for the week. One chicken. One pound of hamburger heat. Five rolls of toilet paper.

I wrote that with a worry that I might be going too far here with speculation. This is America, after all, and we don’t do things this way. And yet in the old America we didn’t close churches for Easter, or skip Christmas for fear of a virus. And so on. Yet we know now that in fact we do these things, and easily. Fear makes anything possible.

And so right on cue — things are moving very fast these days — The Washington Post has published an article by one of its regular contributors (Micheline Maynard) with one message: "GET USED TO IT!"

She says that we have come to expect too much for the economy. Ever since 1911, she says, we’ve been obsessed with getting stuff and getting it fast. That’s dumb, she says. Deprivation is not only the new normal; it’s the way things should be. “Across the country, Americans’ expectations of speedy service and easy access to consumer products have been crushed like a Styrofoam container in a trash compactor,” she writes. “Time for some new, more realistic expectations.”

For example, she writes of the candy shortage. The milk shortage. The everything shortage. Then she concludes: “Rather than living constantly on the verge of throwing a fit, and risking taking it out on overwhelmed servers, struggling shop owners or late-arriving delivery people, we’d do ourselves a favor by consciously lowering expectations.”

How bad can it get? She saves the best for the very end: “American consumers might have been spoiled, but generations of them have also dealt with shortages of some kind - gasoline in the 1970s, food rationing in the 1940s, housing in the 1920s, when cities such as Detroit were booming. Now it’s our turn to make adjustments.”

You might read that again. She is defending gas lines. More astonishingly, she is going on about the glorious suffering of wartime, when food was rationed with rationing tickets! You cannot make this stuff up. What’s worse, that The Washington Post published it reveals something about what they imagine could be our future. And by future I don’t mean distant future. I mean next year.

No One Is Safe: You will notice the growing tribalization of everything and everyone in the last 20 months. People are retreating to what is safe and known, their own kind. Their neighborhood. Their closest friends. Their families. Even those are strained, but that is all we have. The old world of integration and heterogeneity is shattered, commercial culture is dead in large parts of the country and fear and depression are taking over as the dominant emotions.

I write that and my friends in Texas, Florida and South Dakota say: “I have no idea what you are talking about. Life around here is normal. Concerts are packed. Restaurants are busy. No one is wearing masks. We are so over this!” I’m happy for them. Truly. But there’s a problem. Many problems. We all share the same monetary unit. Supply chains are connected all over the country, and the world. Every state relies on goods from every other state. We are long past autarky. We can feel like we are safe, but we are not.

Hyperinflation will affect everyone without exception. If North Carolina can’t get milk and chicken, neither can Florida and New Mexico. The deprivation will be shared. A good example is the car shortage. Texas was not spared simply because the state has a relatively halfway decent governor who finally got wise, too late, but he finally got there. Still the car lots are empty.

It’s the same with many things. We all use the same dollar. Its destruction will hit South Dakota the same as it hits California. There will be no safe space. Many people moved to get away from despotism during this last year. They thought they were safe. They are not. Yes, life for now is better in Miami than Chicago but when the crisis hits, it will not spare red states with reasonable governors just because the people there have not been part of the insanity for a long time. They will still pay the price.

The Great Deprivation: In the past when things went wrong, at least our leaders admitted that things were not going so well. They tried to fix the problem. It’s not clear that our current leadership in Washington even believes it is a problem. The response toward existing inflation is telling. They think it’s all fine. Gas lines? Fine: Just switch to electric. No heating oil or it is unaffordable? That’s all the better for solving climate change. No bags in the stores? Just bring your own. No meat? Eat veggie burgers. And so on.

These people are part of a cult. They do not oppose poverty. They think it’s about time we experienced it. Poverty is good for us. Deprivation is plenty. Inflation is prosperity. Empty shelves are a reset to the way things should be. These are people for whom socialism was not a failure but a triumph in which people learned to become a new form of community through suffering. In fact, they are pro-suffering. It’s a new form of leftist ideology that has gained steam for decades. Now they are in charge. They get perverse pleasure out of the whole scene.

It doesn’t matter how bad it gets. Our leaders will never admit failure. They will look at the disaster they are creating and call it success. This is what is truly chilling about the unfolding crisis: They do not believe it is a crisis. They think this is a reset to the way things should work."
Related:

"A Panic Buying Frenzy Has Begun As Fears Of A Dark Winter Continue To Rise"

Full screen recommended.
"A Panic Buying Frenzy Has Begun As Fears 
Of A Dark Winter Continue To Rise"
by Epic Economist

"A new wave of panic buying has started amid growing fears of food shortages during the coming winter. Due to extreme weather, widespread crop failures, rising commodity prices, and an energy crisis that has been shutting down factories all over the world, global food supplies are getting tighter and tighter. Even in the best of times, we struggle to feed everyone on the planet. And considering the unprecedented chaos we have been facing over the past two years, those have definitely not been the best of times. To make things worse, since the beginning of the health crisis our supply chains have been hanging by a thread. As a consequence, food prices have been absolutely skyrocketing. According to the latest read of the UN's Food and Agriculture Organization Price Index has shown that global food prices shot up by a staggering 40 percent from a year ago.

Those significantly higher food prices combined with a historic increase in the prices of many other commodities are contributing to a global inflationary spike that is putting millions of households at risk of facing food insecurity. In fact, the report says this was the largest increase since 2010-11, when geopolitical events and soaring food prices triggered the so-called Arab Spring that led to a societal collapse in Egypt and massive upheaval elsewhere. Moreover, if food prices continue to escalate that quickly, we will inevitably see social uprisings, food riots, and much more turbulence erupt all around the planet in the months ahead. Now, even the Chinese government is telling people to start preparing for the worst-case scenarios. The country is struggling with a 50 percent price spike across several products, including vegetables and fresh produce.

On Monday, Beijing warned citizens to start stockpiling food for the coming months, and the directive has put many people on edge. Bloomberg reported that the country’s Ministry of Commerce late Monday issued a notice advising local governments to encourage the population to stockpile “daily necessities,” including vegetables, oils and poultry, in order to “meet the needs of daily life and emergencies.”The Chinese government tends to issue warnings like this exclusively to local authorities. The fact that this time the warning was directed to the public as well is sparking major worries about what might be coming next for the nation. The unexpected warning sent shock waves across the economy. On Tuesday, citizens were describing on Chinese social media that a panic buying frenzy had started one more time in local supermarkets. Some started speculating that authorities were reminding people that they "might not be able to afford vegetables this winter". “As soon as this news came out, all the people near me went crazy panic buying in the supermarket,” one of them wrote on Weibo.

When centralized governments like China issues directives such as this one, and people engage in a massive panic buying frenzy, the price of goods goes through the roof. That's why, according to a state TV report, local authorities must hold on to food inventories and only release reserves "at an appropriate time" to prevent soaring food inflation and shortages. The measure sparked even more suspicion about the reason and timing the government issued the stockpiling directive. Local sources say that Chinese officials want people to get ready for a possible conflict with Taiwan. Even though it's too early to tell if that's the real motive behind the order, tensions continue to rise between the two countries. Meanwhile, here in the US, we are definitely not ready for a confrontation with China over Taiwan, especially now that we have begun the process of expelling large numbers of officials out of their troops. Mass lay-offs are happening in major industries across the country at this point. Just imagine what our country is going to look like when this mandate hits our already short-staffed supply chains.

And while governments continue to create, borrow and spend artificially created money at breakneck speed, food prices will continue to hit new highs and the people will ultimately have to pay for the crisis our leaders created. We cannot forget that a global energy crisis is also fast spreading around the world, and if things are bad now, just wait until food processing plants around the world start to be shut down for extended periods. Then we will see real chaos taking over. On top of everything, a series of other unpredictable factors will combine to continue to suppress agricultural production all over the planet. That means that this time we actually have to agree with the Chinese government: Stock up while you still can because things are starting to rapidly spiral out of control."

“FED In Fantasyland, Creating Bigger Bubbles, More Debt; Home Flipping Done; Shortages Increase”

Jeremiah Babe, PM 11/3/21:
“FED In Fantasyland, Creating Bigger Bubbles, More Debt;
 Home Flipping Done; Shortages Increase”

Musical Interlude: Deuter, "Atmospheres"

Deuter, "Atmospheres"

"A Look to the Heavens"

"The Horsehead Nebula is one of the most famous nebulae on the sky. It is visible as the dark indentation to the orange emission nebula at the far right of the featured picture. The horse-head feature is dark because it is really an opaque dust cloud that lies in front of the bright emission nebula. 
Like clouds in Earth's atmosphere, this cosmic cloud has assumed a recognizable shape by chance. After many thousands of years, the internal motions of the cloud will surely alter its appearance. The emission nebula's orange color is caused by electrons recombining with protons to form hydrogen atoms. Toward the lower left of the image is the Flame Nebula, an orange-tinged nebula that also contains intricate filaments of dark dust. Two prominent reflection nebulas are visible: round IC 432 on the far left, and blue NGC 2023 just to the lower left of the Horsehead nebula. Each glows primarily by reflecting the light of their central star.

"A Cherokee Proverb"

"An old Cherokee is teaching his grandson about life. “A fight is going on inside me,” he said to the boy. “It is a terrible fight and it is between two wolves. One is evil – he is anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego.” He continued, “The other is good – he is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion, and faith. The same fight is going on inside you – and inside every other person, too.” The grandson thought about it for a minute and then asked his grandfather, “Which wolf will win?” The old Cherokee simply replied, “The one you feed.”
"A Cherokee Proverb"

The Poet: Mary Oliver, “The Journey”

“The Journey”

“One day you finally knew
what you had to do, and began,
though the voices around you
kept shouting
their bad advice -
though the whole house
began to tremble
and you felt the old tug
at your ankles.
“Mend my life!”
each voice cried.
But you didn’t stop.
You knew what you had to do,
though the wind pried
with its stiff fingers
at the very foundations,
though their melancholy
was terrible.

It was already late
enough, and a wild night,
and the road full of fallen
branches and stones.
But little by little,
as you left their voices behind,
the stars began to burn
through the sheets of clouds,
and there was a new voice
which you slowly
recognized as your own,
that kept you company
as you strode deeper and deeper
into the world,
determined to do
the only thing you could do -
determined to save
the only life you could save.”

- Mary Oliver

The Daily "Near You?"

Spokane, Washington, USA. Thanks for stopping by!

"Revenge of the Real World"

"Revenge of the Real World"
by Charles Hugh Smith

"Rather than stare at empty shelves, you have two options for distraction: you can don a virtual-reality headset and cavort with dolphins in the metaverse, or you can trade various forms of phantom wealth that always go up (happy happy!) because the Fed. Neither distraction actually solves any real-world problems, a reality we can call the Revenge of the Real World We've entered a peculiar phase in American history in which illusions of wealth and control are the favored distractions from the unraveling of the real world economy and social order.

Printing trillions of currency units can't restore the global supply chain or social cohesion, Rather, jacking phantom wealth to the moon is only accelerating the collapse of the social order and the economy even as it accomplishes absolutely nothing in terms of solving real-world problems. Let's start with the core economic realities of the 21st century:

1. The number of high-consumption ("middle class") people doubled from 1 billion to 2 billion. The human populace has expanded to 7.9 billion individuals, but poor people who don't have enough money to consume large quantities of energy, goods and services delivered by the global supply chain don't have much of an impact on global consumption of energy and resources. It's the number of people jetting around the world playing their part in the landfill economy (toss the old one, buy a new one) who drive "growth" (i.e. waste is growth).

Strangely enough, there are actual physical limits to resources being transformed into junk being dumped in the landfills. Humanity's rapacious appetite for stuff has extracted all the cheap-to-extract resources and now all that's left are the increasingly expensive-to-extract resources.

2. Corporate America offshored most of the production of essentials to exploit the low labor and energy costs, minimal environmental standards and currency arbitrage of overseas production. The net result has been an astounding increase in corporate profits.(see chart) But a funny thing happened on the way to Corporate Profit Nirvana: America became dependent on foreign supply chains. In essence we traded national security for corporate profits. Now the real-world costs of that myopic greed are becoming apparent.

3. Global supply chains have been optimized for cheap energy and cheap credit. This optimization stripped away all the buffers as a means of maximizing profits. Once the system veered outside the narrow band of optimization, the entire system lost coherence and unraveled.

Now that the entire global supply chain has been optimized to maximize profits as the expense of buffers, the buffers are too thin to save the system from collapse. (see chart) The entire dependency chain depends on cheap energy (all those cheap seats on wide-body aircraft were subsidizing the air cargo beneath the passengers' feet) and cheap credit, as consumers can't buy enough with earnings to keep the machine well-oiled. And firms in the dependency chain need ample cheap credit to function, as many have receivables that stretch out over 90 days. Without cheap credit, these firms would have to close down.

The status quo response would be amusing if the consequences weren't so dire: we don't need no stinking buffers! The supply chain for the landfill economy will be back up to full speed any day now, or maybe next year, but don't you worry, the conveyor belt from China to big-box store to the landfill will be fully restored.

In the meantime, cavort with dolphins in the metaverse and trade tokens of phantom wealth to amuse yourself. We're counting on magic to put it all right, and if that doesn't work, then the real world's revenge will be something to behold."

"Broken Chains"

"Broken Chains"
by Bill Bonner

"No sugar tonight in my coffee,
No sugar tonight in my tea..."
– "No Sugar Tonight," by The Guess Who

BALTIMORE, MARYLAND – "Yes, Dear Reader, as if rising sea levels and falling vaccine protection weren’t enough, here’s something else to worry about… Supply Chain Disruptions. SCD. Time Magazine: "Biden Announces New Steps to Address Supply-Chain Disruption. Don’t wait! What holiday items you should buy now because of supply chain issues

CNBC: "Chinese EV maker Nio sees drop in October deliveries due to manufacturing and supply chain disruptions. Is your favorite cereal missing from the shelf? SCD. Is your dealer unable to get the model of car you want? SCD. Is the price of a gallon of milk now at $6.99? SCD."

Until this year, we had never heard of SCD. For more than 2,000 years, SCDs were scarcely mentioned. And now, it’s on every pair of lips. Ships are backing up at Long Beach, California… as the Chinese valiantly try to overcome SCD by stuffing the supply channel to the U.S. And the whole nation sits on the edge of its seat, wondering if SCD will ruin Thanksgiving… Christmas… and the American Way of Life…

Why Now? But why, after so many years with no SCD… is the world suddenly full of it? How come? Can you guess whose fault it is? Moral philosopher Adam Smith illustrated the complexity of the division of labor in 18th century England by describing a pin factory: "One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head; to make the head requires two or three distinct operations; to put it on, is a peculiar business, to whiten the pins is another; it is even a trade by itself to put them into the paper; and the important business of making a pin is, in this manner, divided into about eighteen distinct operations, which, in some manufactories, are all performed by distinct hands."

More than 200 years later, the world economy is far more complicated. One group mines and refines the silicon. Another group – which includes chemists, engineers, metallurgists, machinists, mathematicians, electricians, cleaners, security officers, and God-knows-who-else – transforms it into “chips.” These are then shipped across the widest ocean in the world, to be used in thousands of different “applications”…where they are plugged into everything from toaster ovens to air pressure sensors…assembled by other teams, drawing on specialists, scientists, and assembly line workers from all over the world…using parts that come from Europe, Asia, North and South America…and made from almost all the 118 elements in the periodic table, put together into millions of different parts and pieces…for millions of other finished products.

Whew!

Accurate Measures: As the complexity grows, so does the need for accurate, honest measures. It doesn’t really matter if they are high or low… but they must be true. Down to microns, microradians, and Planck lengths… one group has to shape its components to the precise size that will fit in another group’s templates. And it must know precisely how much it can afford to spend to make it… and when, precisely, and where, precisely, it is meant to be delivered. A tiny part… off by a fraction of an inch… with the wrong specifications… delivered to the wrong town… on the wrong day… at the wrong cost – what a disaster!

Just in Time: One of the innovations that made the modern economy possible was money. You didn’t have to know the fellow you were buying from… or even speak his language. You just had to know what he delivered… and at what price. A more recent innovation was “just in time” inventory systems. Rather than keeping things on hand, it was cheaper to have them delivered when they were needed. This made the process cheaper and more fluid… but also more fragile. It was amazing that it worked so well. But, in general, people could trust each other to make the components to their specifications… and deliver them on time.

Fed Meddling: And then came the feds. First, they fudged the money. It has already lost 98% of its value over the last 100 years… And inflation is picking up. As the dollar weakens, it’s harder and harder to make long-term projections. Then, they queered the interest rate. World commerce operates on credits and debits, to be satisfied later. But you don’t know what either is worth unless you have an accurate interest rate. At negative real rates (adjusted for inflation)… which we’ve had for almost all of the last 12 years… any calculation is just a fruit salad of guesswork.

And then there were the feds’ tariffs, trade restrictions, and sanctions… further complicating the situation. These were followed by lockdowns, shutdowns, border closings, mask mandates, and social distancing. Factories closed. Workers stayed home. And then… Without the nail, the horse is lost. Without the horse, the rider is lost. Without the rider, the battle is lost. And without the battle… the whole supply chain is, well, FUBAR.

Last Straw: And then, as if that weren’t enough… the feds stimulated demand by handing out fake money. Drawing on the feds’ stimmy checks and unemployment toppers…all of a sudden, in came the orders… and retail sales went up. But existing inventories couldn’t meet them. Suppliers couldn’t fill them… And transport companies couldn’t deliver them…The supply chain broke apart. Thank God the feds are on the case!"

"That One Chance..."

“You get that one chance; and damn it, you’ve got to take it! If there’s one lesson I know I will take with me for eternity, its that there are those things that might happen only once, those chances that come walking down the street, strolling out of a café; if you don’t let go and take them, they really could get away! We can get so washed out with a mindset of entitlement – the universe will do everything for us to ensure our happiness – that we forget why we came here! We came here to grab, to take, to give, to have! Not to wait! Nobody came here to wait! So, what makes anyone think that destiny will keep on knocking over and over again? It could, but what if it doesn’t? You go and you take the chance that you get; even if it makes you look stupid, insane, or whorish! Because it just might not come back again. You could wait a lifetime to see if it will… but I don’t think you should.”
- C. JoyBell C.

"Financial Reckoning Looming for All Markets - History is Repeating"

Full screen recommended.
Dan, iAllegedly 11/3/21:
"Financial Reckoning Looming for All Markets - 
History is Repeating"

Gregory Mannarino, "AM/PM 11/3/21"

Gregory Mannarino, AM 11/3/21:
"Slave System:
Today Will Be An EPIC Day For The Market"
Gregory Mannarino, PM 11/3/21:
"FED Taper? The Truth AS To What Just Happened, 
And It's Not What You Think"

"How It Really Is"

 

Greg Hunter, "CV19 Injections Will Cause Massive Deaths"

"CV19 Injections Will Cause Massive Deaths"
By Greg Hunter’s USAWatchdog.com

"Dr. Elizabeth Eads is on the front line of medicine treating patients who have been injected with the experimental CV19 so-called “vaccines.” Dr. Eads has 25 years of experience in North East Florida hospitals. Dr. Eads contends the injections (or jabs) are not vaccines. They are “bioweapons,” and the jabs are not medicine that is intended to help or cure people. Dr. Eads says, “We are seeing from the jabs all kinds of under-reported side effects. We are seeing infertility in women. We are seeing miscarriages. We are seeing myocarditis, pericarditis, pulmonary embolisms and blood clots everywhere in the body. We are seeing swollen lymph nodes and swollen testicles. Dr. Ryan Cole has reported an increase of cancers, and we are seeing that as well in the hospitals. We are seeing blood clots and strokes and hemorrhagic strokes, dementias and strokes and blood clots in young people too.”

Dr. Eads says the adverse reactions and deaths are way undercounted. Dr. Eads contends doctors are keeping quiet to keep their jobs just like Nazi Germany before WWII. Dr. Eads explains, “This is worse than Nazi camps and Dr. Mengele and his experimentation. MIT came out last week with an estimate of 500,000 deaths (because of CV19 injections). They looked at all of the reporting agencies, and their numbers are close to 500,000 deaths already, and we know that VAERS (Vaccine Adverse Event Reporting System) only reports one percent. We are looking at 500,000, and we are going into flu season now. These people who received the jab have no immune system left. There are going to be mass deaths this winter, and I bet we are going to reach number in the millions.”

Dr. Eads goes on to highlight how medically reckless the CV19 jabs and the mass experimental human drug trials really are. Dr. Eads says, “There are no control groups. This is completely out of control. There is no oversight. There is absolutely no FDA, no CDC, no review board oversight, nobody is following up on those that were in the study or following up on their progress, adverse reactions or antibody levels. When this vaccine was rolled out, the boxes came with a completely blank package insert - completely blank. That is against all prescribing rules. Even as of this week, the package insert for ingredients is still blank. This is completely out of control and completely dangerous. There is no informed consent being given. How can you give informed consent to a patient when you don’t know what’s in it? You can’t say because we don’t have any study on what the adverse effects are.”

There is much more in the 45 minute interview, including how much the hospital gets paid for getting you on a ventilator, which few survive."

"Join Greg Hunter on Rumble as he talks to 25 year veteran Dr. Elizabeth Eads, DO, exposing the lies that Big Pharma, CDC, FDA and NIH are telling the public. Dr. Eads will highlight the real unreported effects of the CV19 injections/jabs and how it’s all gone completely out of control in hospitals across the country."
Related:

"Mandates Have Nothing To Do With Public Health"

Full screen recommended.
Peak Prosperity, Dr. Chris Martenson,
"Mandates Have Nothing To Do With Public Health"

"Once again publicly available data demonstrate that vaccines are not reducing infectivity or transmission, 2 of the main criteria for an injection to be considered a vaccine. Public health officials are brazenly proclaiming these embarrassing facts, while at the same time continuing to parrot the mantra to get vaccinated and stop the spread.

At this point, anyone with a working brain can see that whatever the vaccine mandate push is for, that it is not about public health and stopping the transmission of COVID. But real consequences are in force, including millions of people losing their jobs and livelihoods. Mandates will affect some of society’s most important members including firemen, police, nurses, sanitation workers, pilots, armed service men and women, and many, many more. Where will all of this lead?"

"This Chart Will Blow Your Mind"

"This Chart Will Blow Your Mind"
by Chris Black

"Take the covid vax, they said. It will be safe, they, said."
Related:
"Everyone Vaccinated For Covid Will DIE, Warns French Virologist"
"There is no chance of long-term survival for anyone who received a Wuhan coronavirus (Covid-19) injection, according to leading French virologist Luc Montagnier. Everyone who is getting jabbed for the Chinese Virus will die, he reportedly stated during a recent interview, which you can watch at Brighteon.com. “There is no hope and no possible treatment for those who have already been vaccinated,” Montagnier stated plainly during the segment. “We must be prepared to cremate the bodies.” After studying at length the ingredients contained in the injections and what they do, Montagnier came to the conclusion that every single person who gets the shot will eventually die from antibody-dependent enhancement, or ADE. “That is all that can be said,” he added."
Full article here:

"Something Really Strange Is Happening At Hospitals All Over America"

"Something Really Strange Is Happening
At Hospitals All Over America"
by Michael Snyder

In a year that has been filled with so many mysteries already, I have another very odd one to share with you. Emergency rooms are filled to overflowing all over America, and nobody can seem to explain why this is happening. Right now, the number of new COVID cases in the United States each day is less than half of what it was just a couple of months ago. That is really good news, and many believe that this is a sign that the pandemic is fading. Let us hope that is true. With less people catching the virus, you would think that would mean that our emergency rooms should be emptying out, but the opposite is actually happening. All across the country, emergency rooms are absolutely packed, and in many cases we are seeing seriously ill patients being cared for in the hallways because all of the ER rooms are already full.

Let me give you an example of what I am talking about. The following comes from an article entitled “ERs Are Swamped With Seriously Ill Patients, Although Many Don’t Have Covid”…"Inside the emergency department at Sparrow Hospital in Lansing, Michigan, staff members are struggling to care for patients showing up much sicker than they’ve ever seen. Tiffani Dusang, the ER’s nursing director, practically vibrates with pent-up anxiety, looking at patients lying on a long line of stretchers pushed up against the beige walls of the hospital hallways. “It’s hard to watch,” she said in a warm Texas twang. But there’s nothing she can do. The ER’s 72 rooms are already filled."

Can anyone explain why this is happening? If the number of COVID cases was starting to spike again, it would make sense for emergency rooms to be overflowing. But at this particular hospital in Michigan, we are being told that some of the main things that are being treated include “abdominal pain”, “respiratory problems”, “blood clots” and “heart conditions”… "Months of treatment delays have exacerbated chronic conditions and worsened symptoms. Doctors and nurses say the severity of illness ranges widely and includes abdominal pain, respiratory problems, blood clots, heart conditions and suicide attempts, among other conditions."

That mention of “heart conditions” immediately got my attention, because I have been seeing this so much in the news recently. The high school soccer manager ‘greatly enjoyed’ his team’s championship victory Saturday. Later that evening, he was dead.

For instance, a high school senior in Pennsylvania just dropped dead from “a sudden cardiac incident”… Now, late student Blake Barklage’s high school is mourning his untimely death. As 6ABC in Philly reports, the tragedy occurred at La Salle College High School in Montgomery County, Pa. In a letter to parents, the school announced that the senior died after ‘a sudden cardiac incident’ Saturday night.

Elsewhere in the same state, an otherwise healthy 12-year-old boy just suddenly died because of an issue with his coronary artery… "As family and friends grieve, the cause of death is in for a 12-year-old taken way too soon while warming up for school basketball practice. As TribLive in Pittsburgh reports, Jayson Kidd, 12, of Bridgeville, Pa., died of natural causes involving his coronary artery, according to the Allegheny County Medical Examiner’s Office."

Heart problems kill elderly people all the time, but it is odd that so many healthy young people have been having these problems. Over the weekend, Barcelona striker Sergio Aguero suddenly collapsed on the pitch during a match. He was later diagnosed with “a cardiac arrhythmia”… "Sergio “Kun” Aguero, a striker for the Barcelona soccer team, has been diagnosed with a cardiac arrhythmia after collapsing during Saturday’s match against Alaves. The 33-year-old Argentinian was examined by medical staff at the stadium before being taken to a nearby hospital where he is still waiting to undergo further examination."

Just two days later, a match in Norway was brought to a screeching halt after a player experienced “cardiac arrest” right in the middle of a match… "A football match in Norway’s second division was halted on Monday after Icelandic midfielder Emil Pálsson suffered a cardiac arrest during play. The 28-year-old Sogndal player suffered the attack as the game against Stjordals-Blink entered the 12th minute, his club said in a statement."

I have been seeing so many stories like this. So why are so many young people suddenly having such serious problems with their hearts? Can anyone out there explain this to me?"

Yes Michael, there's an explanation, and here it is:

Tuesday, November 2, 2021

Must Watch! “When Will The Collapse Happen? Panic Buying; Bad Decisions; Zillow Dumping Homes And Employees”

Jeremiah Babe, PM 11/2/21:
“When Will The Collapse Happen? Panic Buying; 
Bad Decisions; Zillow Dumping Homes And Employees”

"Is It Time To Start Talking About Hyperinflation?"

Full screen recommended.
"Is It Time To Start Talking About Hyperinflation?"
by Epic Economist

"Over the past year, our leaders have engaged in the biggest borrowing and spending binge in history. They've created a huge mess and our economy has started to fall apart. The US inflation rate is so high right now that it feels like our great nation is rapidly becoming a third-world economy. But they keep insisting that all of this will soon go away. Anyone with the slightest shred of common sense can realize that things have started to spin out of control and all of this is going to end badly. Economists have been warning about this for years, and now several famous personalities of Wall Street are sounding the alarm as well. But considering how far things have gone, we don't need any sort of "expert" to truly understand what is really going on. We're seeing every day at the stores, at the gas pump, in our monthly bills. The cost of everything is simply skyrocketing. Sadly, things are about to get even worse.

In a recent tweetstorm, Twitter co-founder Jack Dorsey warned his followers that more chaos is coming. He weighed in on rampant inflation in the U.S., saying things are going to escalate quickly. “Hyperinflation is going to change everything,” Dorsey wrote. “It’s happening”. It's one thing to call for rising inflation, but what surprised most people was the fact that Dorsey used the word hyperinflation, a phenomenon of rapidly rising prices that can collapse currencies and bring down entire economies. Many didn't understand what led Dorsey to make statements like these, some suggested that he was being an alarmist, but the truth is that the cold, hard numbers do not lie. For instance, if we take a look at the Federal Reserve website, we can see that our money supply has been rising at an exponential rate. In one year, the Federal Reserve and the federal government have created, borrowed, and spent trillions of dollars, and now this massive pile of artificial money is creating severe imbalances in our economy.

Those who are criticizing these reckless measures are not the crazy ones. The ones that unleashed this extraordinary amount of liquidity into our system are the ones to blame. Expanding the money supply like there was no tomorrow is what drove inflation levels to where they are now. And Americans are already witnessing acute price increases in every corner of our nation. Prices are going up everywhere you look, but unfortunately, more sticker shock is right around the corner. Recently, several companies that produce the goods we consume announced a new round of price increases is coming. They've been struggling with higher costs for raw materials, and they don't expect the situation to improve any time soon. At this point, we have too many dollars chasing too few goods and services, and as a result, what we get are extensive shortages and absurd price hikes. In a recent interview with Fox Business, billionaire supermarket owner John Catsimatidis alerted that US consumers will be shocked to see the coming food price increases.

"I see food prices going up tremendously," he said. "CEOs want to be ahead of the curve and the way they're doing it is they're dropping all promotions. They are dropping low-moving items. I see over 10% price increase in the next 60 days,” he added. You heard that right. 10 percent in 60 days. If that doesn't scream “hyperinflation” to you, what does it? Similarly, in an interview with CNBC, billionaire Paul Tudor Jones explicitly said that inflation is here to stay and that it is now the single biggest threat to our society, as it risks pushing the markets and the economy down. Jones pointed that the trillions of dollars in fiscal and monetary stimulus was the catalyst for inflation to run hotter for longer. “Inflation can be much worse than what we fear. We have the demand side of the equation, and that is $3.5 trillion greater than what it normally would have just sitting in liquid deposits,” he explained.

This will result in the inevitable destruction of our currency. They will continue to enact unlimited printing policies until it reaches the intrinsic value of zero. Since the 1970s, the dollar has already lost 98 percent of its purchasing power, and there's a mere 2% drop before it reaches zero. But the coming fall will be 100% from the current level. The value of our money is going to be destroyed in the next 5-10 years, that's why personal wealth preservation is critical right now. If there's something we could learn from history, is that every time a nation has started to recklessly create money, a tragedy always followed. Now, our tragedy is looming on the horizon, and a day of reckoning is fast approaching."

Musical Interlude: 2002, “Remember Now”

2002, “Remember Now”

"A Look to the Heavens"

“NGC 253 is not only one of the brightest spiral galaxies visible, it is also one of the dustiest. Discovered in 1783 by Caroline Herschel in the constellation of Sculptor, NGC 253 lies only about ten million light-years distant.
NGC 253 is the largest member of the Sculptor Group of Galaxies, the nearest group to our own Local Group of Galaxies. The dense dark dust accompanies a high star formation rate, giving NGC 253 the designation of starburst galaxy. Visible in the above photograph is the active central nucleus, also known to be a bright source of X-rays and gamma rays.”

"Keep Away..."

"The Minds Of Men..."

"The minds of men were gradually reduced to the same level, the fire of genius was extinguished. The name of Poet was almost forgotten; that of Orator was usurped by the sophists. A cloud of critics, of compilers, of commentators, darkened the face of learning, and the decline of genius was soon followed by the corruption of taste. This diminutive stature of mankind was daily sinking below the old standard."
- Edward Gibbon,
"The Decline And Fall of The Roman Empire"

"You hear all this whining going on, 'Where are our great writers?'
The thing I might feel doleful about is: Where are the readers?"
- Gore Vidal

"Message From the Future: Your Acceptance of Evil Has Condemned Us All"

"Message From the Future:
Your Acceptance of Evil Has Condemned Us All"
by Chris Floyd

"Sometime in December 2016, a strange transmission began bleeding through, ghost-like, on various computers around the world. It would suddenly appear for a few flickering moments while people watched movies or shopped on-line or looked at social media, then it would fade away. It purported to be a message from the future and showed an aged man who claimed he was a chrono-quantum technician whose work had been banned by the authorities to prevent me from doing exactly what I am doing now, at long last - sending a warning to our ancestors. The message was brief, but it was usually badly garbled by visual and aural static; it took weeks to compile, through crowd-sourcing, the full text. For what it's worth, the message - minus the brief intro - is presented below.

"You are taking a path into darkness. It began years ago, with your acceptance of crimes and inhuman practices on a vast scale. In the late 20th century, your leaders once confessed on national television that they had killed 500,000 innocent children with death-dealing sanctions - then declared this atrocious massacre was  worth it. Yet there was no outcry, no outrage, no uprising, not even a peep of protest. Indeed, the leader who carried out this massive slaughter of innocent children ended his reign at new heights of popularity and forever after was considered a beloved elder statesman. Your next leader lied brazenly to start a war that killed a million innocent people and led directly to decades of murderous instability in numerous countries. He too ended his days in wealth and comfort and public regard. Your next leader refused to prosecute the crimes of aggression and torture openly committed by his predecessor; instead, he continued his practices, enshrining many of the heinous practices into settled law, waging undeclared war in more than half a dozen countries and personally signing off on extrajudicial murders every week of his reign.

By this time, the moral degradation of the people was so complete - they had countenanced, cheered or ignored so many crimes and so much corruption on so many levels - that they easily fell prey to a voracious, half-crazed demagogue and the forces of fascism, feudalism and lawless rule that he brought into power. This was the nominal end of your democracy, but it was already deeply rotted from within - rotted by your years of turning a blind eye to monstrous crimes committed in your name by both factions in your power structure.

Because of your shameful acquiescence, your shallow understanding of the forces that ruled you and used you and manipulated you, your bedazzlement by public image, your astonishing credulity at the transparent lies and hollow, sinister pieties you were fed, we, your descendants, have lived in squalor, rancor, violence and despair all our lives, for generations. There is no hope for us unless you abandon your slavish ignorance, your adherence to partisan fantasies about the factions of the power structure that rules you and rise up to overthrow it. Instead bring fearless clarity to bear on the reality of what you have accepted. The murder of 500,000 children. The millions murdered in the wars you started and the wars bred by your wars. Assassination. Torture. Dehumanization and demonization of your fellow human beings, both at home and abroad.

It is your acceptance of these things that has brought you to the final turning point. Now there is nothing left for you to do but resist: resist with all your might, with every means at your disposal - but always, always, with the full knowledge of how you came to this place, and your own connivance and collusion in this descent. Keep this in mind as you fight, so that it doesn't happen again. You are not exceptional, you are not plucked out by God for special favor: you are human beings like all the rest, and like so many human beings in so many societies down through the ages, you have failed to look your own evil in the eye, you have failed to confront and condemn acts that make you shudder with horror when you hear of them committed by other nations.

Own this knowledge - this terrible, tragic knowledge - and let it guide as you fight the putrescence that past crimes have now brought gushing forth, and as you build something better in the aftermath. Otherwise, you are lost, and we are lost, the world itself is lost."

"Those Who Are Able..."

"Those who are able to see beyond the shadows and lies of their 
culture will never be understood let alone be believed by the masses."
- Plato