Sunday, May 22, 2022

"Rising to the Bait – Again"

"Rising to the Bait – Again"
by Eric Peters

"$40 billion is still a great deal of money – even in the Biden Thing’s America. Except it’s not going to help Americans. Rather, the Biden Thing has taken $40 billion out of the pockets of Americans, to finance all-but-war with nuclear-armed Russia by arming and abetting Ukraine. When the government – and the corporations that own the government – want war, they usually get what they want.

Some 108 years ago, the government of Woodrow Wilson and the arms peddlers and financial interests behind Wilson wanted war with Germany – something few if any Americans wanted as they’d be the ones paying for it, in blood and treasure. To drag them into what was then styled the “war to end all wars,” Wilson’s government colluded with Britain’s government and the interests that owned both of them to arrange a pretext. A passenger liner called the Lusitania was loaded with war materiel and provocatively sailed into the war zone. The Germans rose to the bait. A submarine fired a couple or more torpedoes into the Lusitania’s flanks and she quickly sank – resulting in the drowning of about 1,198 “innocent civilians,” which they were.

But the governments of America and Britain weren’t done. They knew that, by goading the Germans into sinking Lusitania, they could feign outrage and cause Americans to actually be outraged. Sufficiently so as to drown out any voices who might raise a hand and ask why Lusitania, a passenger liner (loaded with war material from America meant to help Germany’s foe in the war) was sailed into the war zone, right in front of German subs. Instead, Americans were roused to blood lust over “the hun” and sent to die (and kill) in a war that was as relevant to them as a wall phone is a to a Millennial.

Some twenty years after the “war to end all wars,” another war began. The government – and corporate interests – of the United States were, once again, extremely interested in getting Americans to fight in it. But – chastened by the carnage of the prior war – few Americans were interested. How to fix that?

First, the same method was tried. All-but-declare war on Germany, by all-but-formally-allying America with Britain. Well, ally America’s munitions industry and so on with Britain. Destroyers and other war materiel financed by Americans to protect America were “lend-leased” to Britain, a very provocative act, as far as the Germans were concerned. American naval vessels helped British vessels track and hunt down German vessels, including the famous German battleship, Bismarck – whose position during the course of its one and only sortie was relayed to the British, who had lost track of her – helping to enable them to eventually find and sink her. This time, however, the Germans did not rise to the bait.

The government and corporate interests of the United States were stymied. The war – with Germany – would have to wait. But not for long. The government and corporate interests of America were able to get Japan to rise to the bait. Cut off her oil supply and present her with a fait accompli. Japan decided to attack – and it wasn’t a “sneak” one, either. Abundant evidence suggests the American government and the interests that owned it then – and own it still – knew what the Japanese were going to do. In any event, it was predictable what they would do. And here we are, again.

The interests that run things want another war – possibly, a nuclear one – for reasons that aren’t fully known but which can be broadly understood, because they are always the same. A war would do what wars always do – in addition to killing people. It silences them. Particularly as regards impolitic questions about what the government has been doing to them.

Here are the post-war words of Germany’s former Reichsmarschall, Herman Goering: “Naturally, the common people don’t want war; neither in Russia nor in England nor in America nor, for that matter, in Germany. That is understood. But, after all, it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship. … Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.” And it works very well.

It appears to be working, again. But, appearances can be deceiving. While there is revelatory unanimity on the Left and the Right for risking nuclear war war over Ukraine – in terms of the punditry apparat of Left and Right – do the people who will die as a result of this war, if it comes, agree? It doesn’t appear to be so, for now. But what if the interests that control the government manage to get the Russians to rise to the bait?

How much more baiting will the Russians abide? And will Americans tolerate it? Will they be fooled by it, if the bear takes the bait? They will certainly be the ones paying for it, if he does."
Hat tip to "The Burning Platform" for this material.

"Be Open Minded..."

 

"Ms. Jankowicz, We Hardly Knew Ye"

"Ms. Jankowicz, We Hardly Knew Ye"
The Ministry of Truth is "on pause" as your
trusty overlords manufacture a new narrative.
by Joel Bowman

"And just like that, your friendly neighborhood Ministry of Truth is no more. So sad. Barely a month old, the Department of Homeland Security’s Disinformation Governance Board was “put on pause” this week after its Truth Knower in Chief, Nina Jankowicz, resigned her post. You’ll recall Ms. Jankowicz as the totally hinged, 33-year old Mary Poppins of Disinformation. Here she is, completely sane and in firm command of her faculties, doing her thing on the Chinese Communist Party’s preferred social media network, TikTok...
Now just hold your horses there, we hear you saying... isn’t Ms. Jankowicz the very same person who assured us the Hunter Biden laptop story – now known to be true, but buried at the time by those “in the know” – was just more “Russian influence?”
“We should view it as a Trump campaign product,” Jankowicz told the Associated Press at the time. When the New York Post first broke the “Laptop from Hell” story, the (then) 219 year old paper, founded by Alexander Hamilton, was censored by Twitter for its troubles. Users were forbidden from sharing any link to the story... until April of 2021, that is, when the election was already in the bag and Jill Biden was picking out drapes for her comfy new residence.

But wait! How could 50 national security officials... and five CIA spooks... get something so material and so damning so wrong, and right before a presidential election, in which the guy’s dad was on the ticket!, no less? Never mind all that, says your trusty Truth Czar. When it comes to disinformation – concocting, spreading, proliferating – you can rest assured that your government is on the case!

As for free speech “absolutists” (read: people who believe in it)... Here’s Ms. Poppins Jankowicz commenting on Elon Musk’s plan to purchase the little blue bird and to let people – trigger warning – say what they want, “I shudder to think about if free speech absolutists were taking over more platforms, what that would look like for the marginalized communities.”

Ah yes, the “marginalized communities”... like government agencies with multi-billion dollar budgets (the DHS burns through a casual billion dollars per week according to its 2022 budget) staffed with platoons of omniscient “fact checkers” like Ms. Jankowicz, who stand poised to edit your posts the moment you dare stray from the Official Party Line.

Whether it’s the origins of covid... the efficacy of novel “vaccines”... the scientific “consensus” regarding lockdowns... the “transitory” nature of inflation... “peaceful protests”... Joe Rogan’s “horse dewormer”... “two weeks to flatten the curve”... this person as “Woman of the Year”... capital “T” Truth sure is hard to come by these days.

For we mere proles, far from the central nervous system of enlightened savants that is the Ministry of Truth, a lot of what we’re told to believe sounds awfully like... well... not the truth.

One man who knew a thing or two about the importance of “messaging” was Mr. Joseph Goebbels, the fellow who had Jankowicz’s job back when Sieg Heils and toothbrush mustaches were all the rage in Germany. Here he is, pulling the curtain back for us... “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” (NB: He was actually talking about the English at the time, but the point stands. Just remember what Abraham Lincoln said: don’t believe everything you read on the Internet.)

And here we found a handy pictorial guide – not yet deleted from Twitter – to help you actualize, rationalize and even internalize their truth and make it your truth. All it takes is a little cerebral contortion, a broken moral compass and a healthy dollop of good ol’ fashioned credulity. We’ll start with an easy one: inflation is good for you... and sending more stimulus checks certainly won’t make it worse (if it were bad... which, remember, it’s not)...
You can even hum Ms. Poppins’s catchy tune while repeating the mantra. Anything to help the disinformation go down the hatch."
Freely download "1984", by George Orwell, here:

Gregory Mannarino, "Markets A Look Ahead: Where Does The Market Go From Here? This Is The Key"

Gregory Mannarino, 5/22/22:
"Markets A Look Ahead: Where Does The 
Market Go From Here? This Is The Key"

"Ten Commandments For Living From Philosopher Bertrand Russell"

"Ten Commandments For Living From 
Philosopher Bertrand Russell"

"The Ten Commandments that, as a teacher, I should wish to promulgate, might be set forth as follows:

1. Do not feel absolutely certain of anything.

2. Do not think it worthwhile to proceed by concealing evidence, for the evidence is sure to come to light.

3. Never try to discourage thinking for you are sure to succeed.

4. When you meet with opposition, even if it should be from your husband or your children, endeavor to overcome it by argument and not by authority, for a victory dependent upon authority is unreal and illusory.

5. Have no respect for the authority of others, for there are always contrary authorities to be found.

6. Do not use power to suppress opinions you think pernicious, for if you do the opinions will suppress you.

7. Do not fear to be eccentric in opinion, for every opinion now accepted was once eccentric.

8. Find more pleasure in intelligent dissent than in passive agreement, for, if you value intelligence as you should, the former implies a deeper agreement than the latter.

9. Be scrupulously truthful, even if the truth is inconvenient, for it is more inconvenient when you try to conceal it.

10. Do not feel envious of the happiness of those who live in a fool’s paradise, for only a fool will think that it is happiness."
"Three Passions" 
 "Three passions have governed my life:
The longings for love, the search for knowledge,
And unbearable pity for the suffering of humankind.
Love brings ecstasy and relieves loneliness.
In the union of love I have seen
In a mystic miniature the prefiguring vision
Of the heavens that saints and poets have imagined.
With equal passion I have sought knowledge.
I have wished to understand the hearts of people.
I have wished to know why the stars shine.
Love and knowledge led upwards to the heavens,
But always pity brought me back to earth;
Cries of pain reverberated in my heart,
Of children in famine, of victims tortured,
And of old people left helpless.
I long to alleviate the evil, but I cannot,
And I too suffer.
This has been my life; I found it worth living. 
- Bertrand Russell

"Have You Noticed..."

 

"How It Really Is"

 

“My own view is that this planet is used as a penal colony, lunatic asylum and 
dumping ground by a superior civilization, to get rid of the undesirable and unfit. 
I can't prove it, but you can’t disprove it either.”
- Christopher Hitchens

"The Truth..."

“The truth is rarely pure and never simple.”
- Oscar Wilde
"People can be incredibly stubborn about what they choose to believe and by refusing to accept the truth, they are under the impression that their opinion is relevant. The more you argue with those people, the more you are playing into their hands, because they believe that you are arguing with them since they have a decent point to make.

It is futile to argue with people like these because they do not even remain consistent with their own arguments. They purposefully distort the truth, misinterpret facts in order to avoid admitting the truth. Deep in their minds, they are highly insecure people. Their entire world is built on a mountain of lies, half-truths, outright denial and whatnot. To go against that is a tall order and accepting the truth would be to deny that very existence. Now where’s the fun in that?"
"If you want to tell people the truth, make them laugh, otherwise they'll kill you." 
– Oscar Wilde

"Monkey Pox: Truth Versus Fearporn"

"Monkey Pox: Truth Versus Fearporn"
By Robert W Malone MD, MS

"I keep getting asked the same question again and again; is this outbreak of monkey pox a real threat, or is this another case of overstated and weaponized public health messaging? I am going to save my answer to this question for the end of this article and instead focus on what monkey pox is, the nature and characteristics of the associated disease, what we know and don’t know.

The monkeypox virus, which originates in various regions of Africa, is related to SmallPox (Variola), which are both members of the genus Orthopoxvirus. However, it is important to understand that Variola (major or minor) is the species of virus which is responsible for the worst human disease caused by the Orthopox viruses. For example, Cowpox, Horsepox, and Camelpox are also members of this genus, none of which are a major health threat to humans, and one of which (Cowpox) has even been (historically) used as a Smallpox vaccine. My point is that just because Monkeypox is related to Smallpox, this does not in any way mean that it represents a similar public health threat. Anyone who implies otherwise is basically engaged in or otherwise supporting weaponized public health-related propaganda. In other words, spreading public health fearporn.

Monkeypox was first identified in 1958 in colonies of monkeys, and the first human case of the virus was identified in 1970 in the Democratic Republic of the Congo. Most likely this was just the first case identified, as people living in Africa have been in contact with monkeys and the other Monkeypox animal hosts for millennia. The “West African” monkeypox clade (clade = variant) circulating outside of Africa at this time causes a milder disease compared to the closely related virus found found in other regions of Africa (Congo clade).

The symptoms of monkeypox are somewhat similar to, but much milder than smallpox disease. The general clinical presentation of the disease caused by the West African monkey pox clade virus involves Influenza-like symptoms - fever, body aches, chills - together with swollen lymph nodes. A rash on the palm of the hand is often observed. In the latter stage of the disease, which may last for up to a month or more in some cases, may involve small lesions which develop a crust, and which can result in a small depigmented scar. There is no evidence of asymptomatic transmission. In other words, current medical knowledge indicates that it is only spread by person to person contact between an uninfected individual and someone who already has symptoms of the disease. Therefore, disease spread can be readily controlled by classical public health interventions such as contact tracing, temporary quarantine of those who have had physical contact with someone who is infected, and longer term quarantine of those who develop symptoms. Essentially all of the current cases in the west which we are seeing in the news are among men who have sex with men, and appear to be due to close physical contact.

Monkeypox is endemic in many parts of Africa, and is a “zoonotic” virus, meaning it can be transmitted from a variety of animals (not just monkeys) to humans. Initial animal to human transmission followed by limited human to human transmission is probably the cause of the sporadic cases typically observed in Africa. Chicken pox, which is highly transmissible, is not part of the genus Orthopoxvirus, despite that name “pox.” Once again for emphasis, Cowpox and Camelpox are also in the genus Orthopoxvirus, and they are not particularly pathogenic when contracted by humans; just because Monkeypox is a “pox” virus in the genus Orthopoxvirus, does not mean it is particularly deadly."
Related, highly recommended:
Very highest recommendation:
What "they" want...
Be afraid, be very afraid... Damn them! NO!
And here it comes:

"Russia Rewrites The Art Of (Hybrid) War"

"Russia Rewrites The Art Of (Hybrid) War"
by Pepe Escobar

"Hybrid War is being fought predominantly in the economic/financial battleground – and the pain dial for the collective West will only go up...

The ironclad fictional “narrative” imposed all across NATOstan is that Ukraine is “winning”. So why would weapons peddler retrofitted as Pentagon head Lloyd “Raytheon” Austin literally beg since late February to have his phone calls answered by Russian Defense Minister Shoigu, only to have his wish finally granted?

It’s now confirmed by one of my top intel sources. The call was a direct consequence of panic. The United States Government (USG) by all means wants to scotch the detailed Russian investigation – and accumulation of evidence – on the US bioweapon labs in Ukraine, as I outlined in a previous column.

This phone call happened exactly after an official Russian statement to the UN Security Council on May 13: we will use articles 5 and 6 of the Convention on the Prohibition of Bioweapons to investigate the Pentagon’s biological “experiments” in Ukraine. That was reiterated by Under Secretary-General of the UN in charge of disarmament, Thomas Markram, even as all ambassadors of NATO member countries predictably denied the collected evidence as “Russian disinformation”.

Shoigu could see the call coming eons away. Reuters, merely quoting the proverbial “Pentagon official”, spun that the allegedly one-hour-long call led to nothing. Nonsense. Austin, according to the Americans, demanded a “ceasefire” – which must have originated a Siberian cat smirk on Shoigu’s face.

Shoigu knows exactly which way the wind is blowing on the ground – for Ukrainian Armed Forces and UkroNazis alike. It’s not only the Azovstal debacle – and Kiev’s all-around army breakdown. After the fall of Popasnaya – the crucial, most fortified Ukrainian stronghold in Donbass – the Russians and Donetsk/Luhansk forces have breached defenses along four different vectors to north, northwest, west and south. What’s left of the Ukrainian front is crumbling – fast, with a massive cauldron subdivided in a maze of mini-cauldrons: a military disaster the USG cannot possibly spin.

Now, in parallel, we can also expect full exposure – on overdrive – of the Pentagon bioweapons racket. The only “offer you can’t refuse” left to the USG would be to present something tangible to the Russians to avoid a full investigation. That’s not gonna happen. Moscow is fully aware that going public with illegal work on banned biological weapons is an existential threat to the US Deep State. Especially when documents seized by the Russians show that Big Pharma – via Pfizer, Moderna, Merck and Gilead – was involved in several “experiments”. Fully exposing the whole maze, from the start, was one of Putin’s stated objectives.

More “military-technical measures”? Three days after the UN presentation, the board of the Russian Foreign Ministry held a special session to discuss “the radically changed geopolitical realities that have developed as a result of the hybrid war against our country unleashed by the West – under the pretext of the situation in Ukraine – unprecedented in scale and ferocity, including the revival in Europe of a racist worldview in the form of cave Russophobia, an open course for the ‘abolition’ of Russia and everything Russian.”

So it’s no wonder “the aggressive revisionist course of the West requires a radical revision of Russia’s relations with unfriendly states.” We should expect “a new edition of the Foreign Policy Concept of the Russian Federation” coming out soon. This new Foreign Policy Concept will elaborate on what Foreign Minister Lavrov once again stressed at a meeting honoring the 30th Assembly of the Council on Foreign and Defense Policy: the US has declared an all-round Hybrid War on Russia. The only thing lacking, as it stands, is a formal declaration of war.

Beyond the disinformation fog veiling the application of Finland and Sweden – call them the Dumb and Dumber Nordics – to join NATO, what really matters is another instance of declaration of war: the prospect of missiles with nuclear warheads stationed really close to Russian borders. Moscow already warned the Finns and Swedes, politely, that this would be dealt with it via “military-technical measures”. That’s exactly what Washington – and NATO minions – were told would happen before the start of Operation Z.

And of course this goes much deeper, involving Romania and Poland as well. Bucharest already has Aegis Ashore missile launchers capable of sending Tomahawks with nuclear warheads at Russia, while Warsaw is receiving the same systems. To cut to the chase, if there’s no de-escalation, they will all eventually end up receiving Mr. Khinzal’s hypersonic business card.

NATO member Turkey, meanwhile, plays a deft game, issuing its own list of demands before even considering the Nordics’ gamble. Ankara wants no more sanctions on its purchase of S-400s and on top if be re-included in the F-35 program. It will be fascinating to watch what His Master’s Voice will come up with to seduce the Sultan. The Nordics engaged in a self-correcting “clear unequivocal stance” against the PKK and the PYD is clearly not enough for the Sultan, who relished muddying the waters even more as he stressed that buying Russian energy is a “strategic” issue for Turkey.

Counteracting financial Shock’n Awe: By now it’s evidently clear that open-ended Operation Z targets unipolar Hegemon power, the infinite expansion of vassalized NATO, and the world’s financial architecture – an intertwined combo that largely transcends the Ukraine battleground.

Serial Western sanctions package hysteria ended up triggering Russia’s so far quite successful counter-financial moves. Hybrid War is being fought predominantly in the economic/financial battleground – and the pain dial for the collective West will only go up: inflation, higher commodity prices, breakdown of supply chains, exploding cost of living, impoverishment of the middle classes, and unfortunately for great swathes of the Global South, outright poverty and starvation.

In the near future, as insider evidence surfaces, a convincing case will be made that the Russian leadership even gamed the Western financial gamble/blatant robbery of over $300 billion in Russian reserves. This implies that already years ago – let’s say, at least from 2016, based on analyses by Sergey Glazyev – the Kremlin knew this would inevitably happen. As trust remains a rigid foundation of a monetary system, the Russian leadership may have calculated that the Americans and their vassals, driven by blind Russophobia, would play all their cards at once when push came to shove – utterly demolishing global trust on “their” system.

Because of Russia’s infinite natural resources, the Kremlin may have factored that the nation would eventually survive the financial Shock’n Awe – and even profit from it (ruble appreciation included). The reward is just too sweet: opening the way to The Doomed Dollar – without having to ask Mr. Sarmat to present his nuclear business card. Russia could even entertain the hypothesis of getting a mighty return on those stolen funds. A great deal of Western assets – totaling as much as $500 billion – may be nationalized if the Kremlin so chooses.

So Russia is winning not only militarily but also to a large extent geopolitically – 88% of the planet does not align with NATOstan hysteria – and of course in the economic/financial sphere. This in fact is the key Hybrid War battleground where the collective West is being checkmated. One of the next key steps will be an expanded BRICS coordinating their dollar-bypassing strategy.

None of the above should overshadow the still to be measured interconnected repercussions of the mass surrender of Azov neo-Nazis at UkroNazistan Central in Azovstal. The mythical Western “narrative” about freedom-fighting heroes imposed since February by NATOstan media collapsed with a single blow. Cue to the thunderous silence all over the Western infowar front, where no mutts even attempted to sing that crappy, “winning” Eurovision song.

What happened, in essence, is that the creme de la creme of NATO-trained neo-Nazis, “advised” by top Western experts, weaponized to death, entrenched in deep concrete anti-nuclear bunkers in the bowels of Azovstal, was either pulverized or forced to surrender like cornered rats.

Novorossiya as a game-changer: The Russian General Staff will be adjusting their tactics for the major follow-up in Donbass – as the best Russian analysts and war correspondents incessantly debate. They will have to face an inescapable problem: as much as the Russian methodically grind down the – disaggregated – Ukrainian Army in Donbass, a new NATO army is being trained and weaponized in western Ukraine.

So there is a real danger that depending on the ultimate long-term aims of Operation Z – which are only shared by the Russian military leadership – Moscow runs the risk of encountering, in a few months, a mobile and better weaponized incarnation of the demoralized army it is now destroying. And this is exactly what the Americans mean by “weakening” Russia.

As it stands, there are several reasons why a new Novorossiya reality may turn out to be a positive game-changer for Russia. Among them: The economic/logistics complex from Kharkov to Odessa – along Donetsk, Luhansk, Dnepropetrovsk, Zaporozhye, Kherson, Nikolaev – is intimately linked with Russian industry. By controlling the Sea of Azov – already a de facto “Russian lake” – and subsequently the Black Sea, Russia will have total control of export routes for the region’s world-class grain production. Extra bonus: total exclusion of NATO. All of the above suggests a concerted drive for the development of an integrated agro-heavy industry complex – with the extra bonus of serious tourism potential.

Under this scenario, a remaining Kiev-Lviv rump Ukraine, not incorporated to Russia, and of course not rebuilt, would be at best subjected to a no-fly zone plus selected artillery/missile/drone strikes in case NATO continues to entertain funny ideas.

This would be a logical conclusion for a Special Military Operation focused on precision strikes and a deliberate emphasis on sparing civilian lives and infrastructure while methodically disabling the Ukrainian military/logistics spectrum. All of that takes time. Yet Russia may have all the time in the world, as we all keep listening to the sound of the collective West spiraling down."

"Real Estate is Up in Arms"

Full screen recommended.
Dan, iAllegedly 5/21/22:
"Real Estate is Up in Arms"
"Things could not be more ridiculous in the real estate industry right now. Not only are banks offering 40 year mortgages but they are offering adjustable rate mortgages that are completely ridiculous. There is a bank out there offering a 35 year interest-only adjustable mortgage."
Additional information here:
Related:

"Empty Shelves At Target! This Is Getting Ridiculous! What's Next?"

Full screen recommended.
Adventures with Danno, 5/22/22:
"Empty Shelves At Target! This Is Getting Ridiculous! What's Next?"
"In today's vlog we are at Target with empty shelves everywhere! We are here to check out skyrocketing prices, and some food shortages! It's getting rough out here as stores seem to be struggling with getting products!"
Please view the Comments here:

Saturday, May 21, 2022

Musical Interlude: 2002, "We Meet Again"

Full screen recommended.
2002, "We Meet Again"

"A Look to the Heavens, With Chet Raymo"

“Like Rubies Ringed With Gold”
by Chet Raymo

“Here’s a Hubble Space Telescope composite photograph of two colliding galaxies in the constellation Corvus.
Each of the three books of Dante’s “Divine Comedy” ends with the same words: “the stars.” The Inferno concludes with distant stars glimpsed through the narrow exit of hell. “We emerged,” says the poet, “and saw the stars.” The poet’s journey through Purgatory ends on Earth’s highest mountain, with the heavens seemingly not so far away. He is “ready to ascend to the stars.” Finally, Dante looks down upon the stars from above, from the luminous realm of Paradise. He has experienced “the Love that moves the sun and the other stars.” The beauty of that final destination, the Empyrean Sphere that encloses the created universe in divine brilliance, taxes the poet’s powers of description:

“I saw light in the shape of a river
Flashing golden between two banks
Tinted in colors of marvelous spring.
Out of the stream came living sparks
Which settled on the flowers on every side
Like rubies ringed with gold…”

Nothing in Dante’s experience could have prepared him for the splendors of the heavens as revealed by the Hubble. The photograph of colliding galaxies in Corvus is a work of genius in the tradition of the “Divine Comedy” – imagination in service to humankind’s loftiest aspirations and longings.

In Dante’s time, astronomy was one of the seven liberal arts – with grammar, rhetoric, logic, arithmetic, geometry, and music – required of every student who aspired to a university degree. Of all the secular sciences, astronomy was deemed most likely to lead one to the contemplation of things divine. Yesterday’s Hubble pic made the hair stand up on the back of my neck, which is about as close to the divine as I ever get. Dante’s “Divine Comedy” is based on the medieval astronomical conception of the world – a system of concentric spheres centered on the Earth and bounded just up there by the Empyrean.

In the Hubble photograph of colliding galaxies we see something akin to Dante’s paradisal vision, but it is not a cosmos centered on the Earth. Here are other Suns and other Earths being born, in prodigious numbers, massive stars destined to die soon as supernovas, and other less massive stars that will live long lives, perhaps evolving life or consciousness on their planets. We see in the Hubble photograph a universe of a fullness and dimension that makes Dante’s human-centered cosmos of concentric spheres seem like a dust mote in an immense cathedral.

Astronomy is no longer a required course of study in our universities, and it’s something of a shame. Who can look at the photograph of colliding galaxies and not be moved to rapture? An understanding of the size, age, and prodigality of the universe should be part of every liberal arts graduate’s intellectual furniture.”

Chet Raymo, “When The Morning Stars Sing Together”

“When The Morning Stars Sing Together”
by Chet Raymo

“A Chinese proverb: A bird does not sing because it has an answer. It sings because it has a song. Which might be an acceptable epigraph for this blog. I can’t imagine anyone coming here looking for answers. Certainly, providing answers is the last thing on my mind. I would like to think you come for song.

We are, I think, by and large, a community who distrusts answers, at least answers that are vehemently held. We are made uncomfortable by stridency. By dogma. By the desire to proselytize. We wear our truths lightly, gaily, as a song bird wears its feathers. We are grateful to those who push back the clouds of ignorance and hold the reins of passion. With Blake, we sing their praises, a song we have spent a lifetime learning. We sing to celebrate. We sing because we have a song.”

The Daily "Near You?"

Commerce City, Colorado, USA. Thanks for stopping by!

"In These Downbeat Times..."

"In these downbeat times, we need as much hope and courage as we do vision and analysis; we must accent the best of each other even as we point out the vicious effects of our racial divide and pernicious consequences of our maldistribution of wealth and power. We simply cannot live in the twenty-first century at each others throats, even as we acknowledge the weighty forces of racism, patriarchy, economic inequality, homophobia, and ecological abuse on our necks. We are at a crucial crossroad in the history of this nation - and we either hang together by combating these forces that divide and degrade us or we hang separately. Do we have the intelligence, humor, imagination, courage, tolerance, love, respect, and will to meet the challenge? Time will tell. None of us alone can save the nation or world. But each of us can make a positive difference if we commit ourselves to do so."
- Cornel West

"If..."

If they'll do this for a TV, what happens when there's no food?

"Stocking Up At Kroger! Great Deals, And Coupons!"

Full screen recommended.
Adventures with Danno, 5/21/22:
"Stocking Up At Kroger! Great Deals, And Coupons!"
"In today's vlog we are at Kroger Marketplace finding some great deals, and coupons we will share with you. We are here to check out skyrocketing prices, and some food shortages! It's getting rough out here as stores seem to be struggling with getting products!"

"Stop The Denial: Ukraine Is A Proxy War That Will Lead To Wider World War"

"Stop The Denial: Ukraine Is A Proxy War 
That Will Lead To Wider World War"
By Brandon Smith

"At the onset of the Russian incursion into Ukraine I argued in my article ‘Order Out Of Chaos: How The Ukraine Conflict Is Designed To Benefit Globalists‘ that US boots would be on the ground within a few months. I was wrong – As it turns out, US and European military boots were ALREADY on the ground. Ukraine was a proxy war from the very beginning.

But what is a proxy war, really? It means that Russian troops are fighting Ukrainian soldiers that are intermingled with western “advisors” and most likely US and European special forces, not to mention US intelligence operatives utilizing all the information gathering technology at the disposal of the Department of Defense. In other words, Russian soldiers are being killed by Western assets. Some pro-Ukraine people might ask why this is a problem?

To understand the gravity of this situation we have to first examine the historical significance. The closest event in history that I could approximate Ukraine to is Vietnam, when communist elements within the country were receiving constant aid, weaponry and even some troops from China, along with monetary and technological aid from the Soviet Union. Vietnam was essentially a “safe” arena or cage match between the West and Communism; a place where the paradigm players could fight it out without risk of a larger nuclear exchange. The globalists could sit back, relax and watch the show while Americans sacrificed their lives over a conflict that did not need to exist.

Ukraine is similar, but the stakes this time are much higher. This is probably why the mainstream media and the White House have been in full denial that Ukraine is a proxy war at all, and have consistently downplayed the complex involvement of Western military assets. The fact is that Ukraine would have fallen completely by now had it not been for the fact that Russia is not really facing Ukraine; it is facing a proxy force of US and European support elements feeding intel, weaponry and likely direct kinetic support.

In my article ‘Ukraine Learns The Value Of An Armed Citizenry, But Far Too Late,’ published on March 2nd, I noted that the Ukrainian “militia” programs being instituted at the last minute while Russia troops swiftly marched across the Donbass were a side show. The media was acting as if citizens with no more than a couple of weeks of training were going to make some kind of difference in the war; this was nonsense. In my view, the insurgency narrative was meant as cover for well trained Western assets already in place with advanced anti-tank and anti-aircraft technology. As I stated in that article:

“Today, as Russia invades, the Ukrainians don’t even have basic [defense] measures in place. Their ability to hold off the Russians at all is predicated on American missile systems like the Javelin which are being steadily funneled into the Ukrainian military. Also, the methods which Ukrainian forces are using to ambush Russian armor columns are rather advanced and familiar. I suspect the possibility that there are outside military “advisers” (perhaps US advisers) on the ground right now in Ukraine. The advanced guerrilla-style ambush tactics and the results look similar to training that is often given to Green Berets or SAS. the UK did send anti-tank weapons along with a small group of “trainers” to Ukraine in January. Maybe I am mistaken, but if this is the case it would be diplomatically disastrous if such adviser teams were ever discovered to be involved in the fighting…” 

Not long after I wrote this, a stream of information leaks revealed that US and EU military involvement was far deeper than I had expected. French journalist and Le Figaro senior international correspondent Georges Malbrunot came back from Ukraine with revelations that Americans are “directly in charge” of the war on the ground. He added that he and the volunteers he was with “almost got arrested” by the officials and that they were forced to sign a contract “until the end of the war” which denied then the right to tell the public about the circumstances they witnessed.

Citing a French intelligence source, Malbrunot also tweeted that British SAS units “have been present in Ukraine since the beginning of the war, as were the American Deltas.” This was obvious from the advanced tactics being used by “Ukrainian” forces to stall the Russian advance, but the first hand accounts confirm the problem is real. The New York Times and other media outlets have been publishing rare admissions of US involvement in intelligence sharing with Ukrainians which have led directly to the deaths of multiple Russian generals as well as the destruction of major assets such as troop transport planes and the Russian flagship Moskva.

In the meantime, Pentagon officials and Joe Biden have incessantly denied that Ukraine is a “proxy war.” If it’s not a proxy war, then I don’t know what is. Without US, UK and EU involvement, there is NO WAR. It would already be over and Ukraine would have surrendered weeks ago.

People can argue whether or not this is a good thing or a bad thing. As I have mentioned in multiple articles, I have no feelings either way because the entire event appears to be a distraction from the much more important threat of global economic decline and the inflationary crisis. The thing to remember here is that this is indeed a proxy war and that the very presence of American and European military assets on the ground in Ukraine could be used as a rationale by Russia to expand their operations far beyond the Donbass region.

Not only that, but it also justifies wider tactics that directly target the US and Europe. For example, a proxy war allows Russia to reasonably argue in favor of completely cutting off the EU from oil and natural gas resources, which Europe relies on for around 40% of its energy needs. It justifies Russian economic strategies including alliances with China to cut out the US dollar as the world reserve currency. And, I continue to expect cyberwarfare attacks sometime this year as a result of the Ukraine situation. At the very least, such attacks will be blamed on Russia and China whether or not they are actually responsible.

Does the presence of US and European troops in Ukraine mean a global nuclear war is imminent? It's unlikely. Just as Vietnam did not lead to a nuclear war between Russia, China and the US despite the NVC receiving steady supplies and training from Soviet and Chinese forces, there is minimal chance that global nuclear war will erupt from the Ukraine. Mutual destruction does not serve the interests of the globalists, at least not if they hope to predict the outcome in the slightest.

That said, I would not be surprised to see at least one mushroom cloud somewhere in the world this decade within a regional conflict. Also, world war does not have to become nuclear to be disastrous. Sadly, because of Hollywood movies a large number of people have misguided notions of what World War III might actually look like. Entertainment media always depict WWIII as happening in a flash, an instant in which missiles are launched and a broken civilization of survivors is left to pick up the pieces. What they never show is a long grinding war of financial attrition, supply chain disruptions, cyber attacks, and drawn out regional battles in which Americans are shipped overseas to die for no purpose other than to pretend that these territorial disputes are somehow “our responsibility.”

What I see in Ukraine is the beginnings of a war unlike any other; a war in which the weapons are primarily indirect and financial rather than kinetic. Because of global interdependency in trade many Western nations have been left utterly defenseless in this kind of conflict. We don’t have the ability to fight back because our economic systems are built around a model that demands we abandon domestic production and rely on the resources and industry of other nations.

This is never more true than in our relationship with China, which controls around 20% of all export goods into the US. China has closely allied with Russia. This is not going to change because they know that there is nothing the West can do about it; there is far too much economic leverage involved. Furthermore, the events in Ukraine are probably a precursor to China’s own invasion of Taiwan. If this is the plan, then China would have to wait for optimal weather conditions after the monsoon season, sometime in September. This would start with missile bombardment and infrastructure attacks, followed by an amphibious assault sometime in early October.

The proxy war in Ukraine is a key moment in history going forward (along with the potential invasion of Taiwan), because it offers global power interests with dreams of a “Great Reset” the ability to offload the worldwide economic crisis they created years ago onto the “tides of fate.” They can say that the collapse only happened because of the hubris of sovereign nations and “meaningless borders.” If the US and Europe are directly involved in the killing of Russian troops, and this is widely exposed, then the Russian side of the narrative become clarified and the Western side becomes muddled. Direct Russian retribution becomes logical and rational rather than the crazed reaction of a nation led by a madman as the mainstream media claims.

Both sides of the Kabuki theater have to feel as though they are justified in escalating a small war into a world war. That is how this has always worked. When the working class population gets a little too unruly and the threat of rebellion against the establishment is at hand, the elites start a war. It’s like clockwork. This tactic weakens the general population, wears down the number of fighting age men that might have otherwise presented a threat to the ruling class and creates enough fear and panic to convince the public to trade away more of their freedoms.

The wild card right now is the US and European populations, and to some extent the Russian citizenry, and how they respond. The old joke is “What if they held a war and nobody showed up to fight?” This is a potential reality right now as it is in the hands of the public how far the Ukraine issue goes. Are most Americans and Europeans willing to send their sons and in some cases daughters to fight and die over the Donbass? Are Russian citizens willing to fight and die beyond the borders of Ukraine?

A lot of people are engaging in big talk lately, but is this really the hill they are ready to die on? I think not. Why? Because deep down most people know that this war is a farce, a play on the global chess board by elitists with nefarious aspirations. They know that the reasons for the war are not pure, on either side. They virtue signal in favor of Ukraine, but they will never be willing to go and risk their lives for Ukrainian soil. Nor are they willing to risk a family member’s life for Ukraine.

I suspect that the globalists know this by now, as the narrative has been shifting away from trying to convince Americans that open military involvement is needed. They will switch to the economic side of the conflict in the hopes that fiscal disaster will fog the minds of the public and make them more willing to support wider war tomorrow."

Tucker Carlson, "Inflation Is Proof The People In Charge Are Reckless And Stupid"

Full screen recommended.
Tucker Carlson, 
"Inflation Is Proof The People In Charge Are Reckless And Stupid"
“It is well enough that people of the nation do not understand 
our banking and monetary system, for if they did, 
I believe there would be a revolution before tomorrow morning.”
- Henry Ford

"Boom: All Fall Down"

"Boom: All Fall Down"
by Bob Hoye

"Decades ago, when a toddler tripped the exclamation was: “Faw down, go boom”. In the markets it’s the opposite as the mania runs until reckless speculators exhaust themselves. The boom completes, then most asset prices “faw down”, taking participants through an emotional whipsaw from euphoria to dismay. Worse, the hit initiates a recession and over the centuries – the bigger the boom the bigger the bust.

Encompassing stocks, bonds, commodities and real estate this has been the biggest bubble in history. With considerable fascination, it has been accompanied by the equivalent “boom” in radical politics determined to trash democracies from freedom and prosperity to servitude and poverty.

Why ruin people’s lives? A recurring tragedy that can be observed but never explained. Why do it? America’s Constitution was designed to ensure freedom for the individual by limiting and separating state powers. But today’s globalists are determined to corrupt every country into a one-party state. According to the WEF, “You will own nothing and be happy”.

The Davos School of Marxism’s “Great Reset”: Beginning in the early 1900s, authoritarians ran under the labels of International Socialism or National Socialism. Both experiments being destructive failed, but under “Progress” control freaks promoted “Global Warming” and “COVID” as mesmerizing banners.

Ironically the movement, as fronted by Democrats and their media, hates ordinary life and seems compelled to destroy it. As it is turning out, masks and “jabs” as well as the contrived “CO2 On-Off Switch” have enabled control freaks to, well, impose control. The lockdowns and propaganda are without precedent. As discouraging as things are now, a recession will exacerbate political tensions.

The unrelenting drumbeat of in-your-face and in-your wallet bureaucratic intrusion became “too much”, inspiring popular uprisings in a growing number of countries. These are not the riots that were allowed to trash cities in America. These are not the riots to defund the police, nor to unconstitutionally remove elections from state assemblies to federal fascists. These are not riots about gender identities being forced upon kids down to kindergarten and not the riots blatantly pushing “racism”: the universal condemnation. If you criticize “Global Warming” you are “Racist!” Same for trying to teach higher as well as basic mathematics. In a world where 2 + 2 is declared as 5, differing opinion is cancelled as “Racist”.

Regrettably even in America and Canada, the dominating movement has been authoritarian, and history records that the transition to totalitarian occurs when the governing classes grant themselves the privilege of state murder. Understandably, this is needed by brutal policymakers to impose unpopular dictates.

Polling is no longer used to form a campaign platform. If America’s Democrats or Canada’s Liberals were to run on popular policies, it would put political power back into the hands of the electorate. An elegant description of fascism fits today’s politics: “The combination of big government and big business”

Verboten! It is simple – popular policies would restore government for and by the people. And then there has been the tragedy of fascism, whereby small businesses were shut down as big businesses remained open. The SBA points out that 99.9% of businesses in the US are “small”, employing some 48% of the work force.

Inflation has been deliberate central bank policy and as usual forcing hardship upon nearly everyone. With those lower down the ladder suffering the most as too many government employees enjoy generous retirement benefits. As young adults move into Mom and Dad’s basement.

Economic and political comforts will deteriorate as the recession becomes more evident, but history provides hope that involves unrelenting ambition and inflation. Political ambition drives the inflation that in turn drives financial markets “too the moon” and then with speculative exhaustion both the markets and the economy collapse. The more radical the politics, the more radical the inflation, which drives radical speculation. Until both crash

All one needs to do is Google “Third Century Rome” and up comes: “Crisis of the Third Century”. That with further research records that what has been happening now is like the political forces that collapsed the magnificence of Rome. A mania of bureaucratic greed and wars – upon countries as well as upon Roman citizens. Ordinary folk fled the “Eternal City” shrinking the population from around 800,000 to 80,000. Without law and order, free grain and bread, it became unlivable. Barbaric bureaucrats caused the collapse, not the two “barbarian” tribes that sacked the city in 410 and 455, amounting to 17 days – altogether.

The next politically dreadful century prevailed through the 1500s, when massive amounts of gold and silver from the New World were inadequate to fund control freaks. So, with taxation at confiscatory levels governments resorted to radical inflation to fund radical expansions of the bureaucracy. With their chronic wars upon countries and their own citizens even the Church was corrupted to a murderous police state.

Communism in Eastern Europe, Progressivism in the West: But unrelenting and costly intrusion became “too much”, inspiring a great reformation, best followed in England. London grew as a financial center as a prosperous middle class also expanded – and disquieting to authoritarians – had become independent in means and opinion. Using the infamous Star Chamber, the state banned publications that were not politically correct (offenders were fined and their faces branded). Instead, determined reformers had their material published in Holland, a traditionally free country, finding a way around the attempted monopoly on information.

Absurdly, Biden’s “Disinformation Governance Board” is nothing new, recording an approval poll at 6 percent. This as well as Trudeau’s equivalent are provocative mistakes that are widely inspiring the reform movement. Representing Big Tech control freaks, Twitter is being reformed and alternative forums for uncensored information and opinion are rapidly developing.

Our regrettable Tyrannical Century began in the early 1900s, with compelling banners – Communism in Eastern Europe, Progressivism in the West. However, the authoritarian experiment has run for more than a hundred years, which with the two prior examples is enough to climax the mania in radical political and financial markets. In the early 1600s, veteran London merchants scorned enforced nonsense as “Tyrannical Duncery”, which today is clearly rampant in the swamps of DC and Ottawa.

Boom – all faw down."

"How It Really Is"

 

Friday, May 20, 2022

"30 Signs That China Is Absolutely Destroying America"

Full screen recommended.
"30 Signs That China Is Absolutely Destroying America"
by Epic Economist

"China is rapidly overthrowing America on the global economic stage. Since the global financial crisis, the U.S. economy has decayed and declined while the Chinese economy has skyrocketed, recording what some define as "miracle economic growth" year after year. The eastern superpower has established itself as the key trading partner of most countries in the world. It has now a leading position in global supply chains. It produces more commodities and automobiles, and it exports more tech than the United States. It sends way more goods to America every year than America exports goods to China. In fact, our trade deficit with China has become the largest trade deficit that one nation has had with another nation in the history of the world.

On top of all that, China has now accumulated more than 1 trillion dollars of U.S. national debt in its reserves. We have been shipping high-tech jobs overseas at a blistering pace. Every single year, we lose more jobs, more businesses, and more of our national wealth to China. In America, a great disconnect between corporate earnings and worker wages has taken place over the past five decades. Just because big corporations in the U.S. are reporting record profits, that does not mean that they are going to provide good jobs for workers in the U.S.

Ever since China joined the World Trade Organization, it has become way too easy for big corporations to ship jobs to Chinese markets, where it is perfectly legal to pay workers extremely low wages. At the same time, as the number of manufacturing jobs declines in America, so does the middle-class. This also means that the number of Americans dependent on the government has been steadily increasing.

Unless systemic changes happen, the U.S. will be left with chronic structural underemployment and unemployment problems for decades to come. To make things worse, there are many pieces of evidence suggesting that the U.S. economy is about to experience another downturn. And the coming recession may be the leverage China needs to finally overthrow America on the global economic stage. In short, China is beating the living daylights out of us, and if we want to preserve our status of world's wealthiest country, we must start stepping up our game right now.

In other words, if the global economy was a game, America would be losing very badly and China would have all the momentum. If you do not believe that China is wiping the floor with America in front of the rest of the world, keep tuned with us to discover some mind-blowing stats about the rise of the Chinese economy and the downfall of the U.S. economy in the global market."

Gregory Mannarino, "Enter Monkeypox; War; Food Shortages; Energy Crisis; Economic Collapse"

Gregory Mannarino, PM 5/20/22:
"Enter Monkeypox; War; Food Shortages; 
Energy Crisis; Economic Collapse"

"FED Saves Markets From Crashing Today As It Causes Financial Crisis; Buy Food Right Now; Stack Cash"

Jeremiah Babe, PM 5/20/22:
"FED Saves Markets From Crashing Today As It 
Causes Financial Crisis; Buy Food Right Now; Stack Cash"

"An Entire Decade Lost"

"An Entire Decade Lost"
by Jeffrey Tucker

"The year began with promises that the bad times would end soon. Inflation would subside. Financial markets would calm down and start rising again. Supply chains would be fixing themselves. Markets would normalize, just wait and see. Now we are headed to the summer of our discontent.

Headline writers have begun competing with each other for just how dreary they can be. The Wall Street Journal this week went all out, predicting a “lost decade” for financials. But the message was even broader: it will take another 8-10 years to straighten all this out. I might add: if it ever gets straightened out.

The trouble is that the people in power now seem to have no clue about the source of the problem or the fix. The ignorance is truly astonishing. It would appear that several decades of miseducation in every field (from economics to history to biological science) have taken their toll. The miseducated youth eventually got jobs and rose up the ranks to be in charge. Now we have utterly blind leadership in every sector.

Always More Force: A good example was on display this week with the great baby formula fiasco. Shortages had been growing for months but they became ever more intense. The administration ignored the problem for as long as possible. But the online cry from new moms became absolutely deafening. Finally, the government decided to act: by invoking the Defense Production Act. It’s a dangerous tool because it essentially takes control of private industry.

And yet, a hundred years of central planning should have taught us that you cannot make products and services magically appear merely by waving around an edict. Plus, there is a vast regulatory thicket governing baby formula.

The FDA has to approve and monitor its production in the name of safety. They don’t do this for any other food or drink sold at the store but because this involved babies, the FDA presumes it to be their purview. With that of course comes corruption. The FDA has approved only three large companies to make it, and the program called WIC further distorts the market because it too massively subsidizes the cartel. So when one producer, Abbott, became concerned about one of its plants, it used the cautionary principle and shut it down. The FDA took its own sweet time to reauthorize the opening.

I’ll stop with the details here: suffice it to say that this was a massive disaster in the making.

Want in the Land of Plenty: So here we are in the land of plenty and suddenly, seemingly out of nowhere, the babies can’t get food! Cross the border to Mexico and the shelves are full of product. Same anywhere in the world. This is a U.S. problem, owing to our disastrous deep state. So what does Biden do? He invokes the worst-ever Cold War emergency law, to mandate that planes fly formula into the U.S. from abroad, but that too faced a problem because laws and regulations strictly control these imports. So the administration is working to liberalize that too. Trouble is that none of this will happen in time. The fix is likely months away.

The very clear answer here would be to simply free the market. Let all kinds of producers jump in right away, with the full knowledge that this is not rocket science. Another option would be to allow imports of all kinds immediately. Even without any edicts, and enough of a profit opportunity, the market would be cleared in a matter of days. But no! For these people the answer is always and everything the same: more force!

The Poor Fed: All financials are now under intense pressure. By now, the usual response by the Fed would be to support the markets. But look at where we are: the Fed is babbling on and on about how they are dedicated to crushing inflation by reducing their balance sheet. So you have a stated policy at war with a long-practiced policy. How will this be resolved? If anyone expects bravery from the Fed at this point, they haven't been paying attention.

We can fully expect some sporadic interventions day to day from the Fed with various attempts to protect against plunges, in the hope of walking down the highs more gradually than the market wants to go. This is because the Fed truly does fear contagion.

Meanwhile, inflation is running loose as never before. Gas price pressures are rising. It is now running $5..50 in parts of Massachusetts, for example. Food prices have started to rise again. Rents are way up. Meanwhile, defaults in cars and housing loans are already starting to make an appearance. What a world: load defaults amid inflation and falling financials! No one is prepared for what this reality could mean for American life.

And what is the administration’s answer? Publicly, it is nothing but prattle about making the rich pay their fair share. The new White House spokesperson stumbled very badly on this point. She tried three times but failed to explain how raising taxes fixes inflation. Meanwhile, the more radical voices in the party have already started pushing price controls in the form of anti-gouging legislation, exactly as I predicted last fall. This is absolutely certain to happen: no strict and legislated prices (not yet) but just threats not to raise too many prices, too fast!

No History, No Future: This week I wrote about the tragedy that people cannot learn from history. Check this weird and not-at-all unexpected news from the WSJ yesterday morning: "Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending environment on record in the U.S. is coming to an end. The share of subprime credit cards and personal loans that are at least 60 days late is rising faster than normal… Delinquencies on subprime car loans and leases hit an all-time high in February."

Will cars be the new version of housing in 2008, a trigger that causes financial disruption in all lending markets? Maybe, but housing is not off the hook either. Commentators today are utterly mystified how slowing sales can coincide with continual rising prices. Gosh, no one can explain this, hahaha! What sector will be hit next with the brutal effects of the great bust? If we really are talking about a lost decade, we have a very long way to go before this ends. And a lot of pain to endure."