Wednesday, January 25, 2023

"Decide..."

“We're all going to die. We don't get much say over how or when, but we do get to decide how we're gonna live. So, do it. Decide. Is this the life you want to live? Is this the person you want to love? Is this the best you can be? Can you be stronger? Kinder? More compassionate? Decide. Breathe in. Breathe out and decide.”
- “Richard”, “Grey’s Anatomy”

"Passion doesn't count the cost. Pascal said that the heart has its reasons that reason takes no account of. If he meant what I think, he meant that when passion seizes the heart it invents reasons that seem not only plausible but conclusive to prove that the world is well lost for love. It convinces you that honor is well sacrificed and that shame is a cheap price to pay. Passion is destructive. It destroyed Antony and Cleopatra, Tristan and Isolde, Parnell and Kitty O'Shea. And if it doesn't destroy it dies. It may be then that one is faced with the desolation of knowing that one has wasted the years of one's life, that one's brought disgrace upon oneself, endured the frightful pang of jealousy, swallowed every bitter mortification, that one's expended all one's tenderness, poured out all the riches of one's soul on a poor drab, a fool, a peg on which one hung one's dreams, who wasn't worth a stick of chewing gum."
- W. Somerset Maugham
"Regret for the things we did can be tempered by time;
it is regret for the things we did not do that is inconsolable."
- Sydney J. Harris

"America’s Generational Failure Exposed, Episode 3: 'Bad Moon Rising'”

"America’s Generational Failure Exposed,
 Episode 3: 'Bad Moon Rising'”
By Addison Wiggin

"When the money goes bad, people move to extremes. There’s a reason Episode 3 of our America’s Generational Failure miniseries is called "Bad Moon Rising"… because there’s trouble on the way, and things are only getting worse.
Look at California. People are dying in the streets after multiple mass shootings over the span of just a few days. It’s proof that society is fraying. These shootings are happening in California of all places, which historically leads the nation in trends both good and bad. While most people think these mass shootings are committed by young mentally ill kids, it’s actually Baby Boomers who committed both shootings, not young people. So what’s going on?

The fact is, when the money goes bad, people move to extremes. And the money has gone very, very bad. That’s a big focal point of Episode 3 of "America’s Generational Failure" which goes live in just a few hours at 3pm EST/12pm PST.

The dollar has gone from bad to worse, and now the country faces a true crisis as a result. A crisis that could sink the stock market, destroy retirement accounts, and rob Americans of the very way of life that makes this country so great. But it’s not just money that we’re talking about here, it’s society.

As Dan Denning says in this episode, “You can have all kinds of different opinions about people…and about what’s wrong with society…without wanting to kill anyone. And in a free, open society people are allowed to think and say what they want; and they’re allowed to be silent.” But now people are dying. And we’ve gotten so used to it that it’s just a headline in the papers.

This is about the American people…The US Government…It’s about freedom of speech, the dangers and limits of censorship, and the future of our country. It’s about how fear, greed, and corruption has led to the biggest lie our country has ever seen. It’s about America’s Generational Failure.

This might be my favorite episode of the whole miniseries (which viewers have been raving about so far FYI).  It’s an eye-opening roundtable economic discussion with some of the smartest financial experts I’ve met in my 30+ years in the industry. I have to be honest. This episode might get you a little upset. Actually, it’s probably going to flat out piss you off. Once you realize exactly how the government deals with its debt …How they’re weaponizing inflation to their advantage …And sticking everyday Americans with the bill …Anger is only natural.
And it’s all laid out in Episode 3 of our hit miniseries "America’s Generational Failure." The episode is 100% free for the next 24 hours, so make sure to join us at 3pm EST for Episode 3 of America’s Generational Failure before it goes up behind a paywall. I’ll see you in the viewing room. So it goes..."
Creedence Clearwater Revival, "Bad Moon Rising"

"The Image That Comes To Mind..."

"The image that comes to mind is a boxing ring. There are times when you just want that bell to ring, but you're the one who's losing. The one who's winning doesn't have that feeling. Do you have the energy and strength to face life? Life can ask more of you than you are willing to give. And then you say, 'Life is not something that should have been. I'm not going to play the game. I'm going to meditate. I'm going to call "out". There are three positions possible. One is the up-to-it, and facing the game and playing through. The second is saying, "Absolutely not. I don't want to stay in this dogfight." That's the absolute out. The third position is the one that says, "This is mixed of good and evil. I'm on the side of the good. I accept the world with corrections. And may the world be the way I like it. And it's good for me and my friends." There are the only three positions."
- Joseph Campbell

"Don't Get Soaked"

Full screen recommended.
Dan, iAllegedly 1/25/23:
"Don't Get Soaked"
"California has had so much rain over the last 3 1/2 weeks. They estimated that there’s been over 30,000,000,000,000 gallons of water dropped. There has been massive flooding which has destroyed new and used vehicles. People are now selling the used cars that were damaged by flooding."
Comments here:

"How It Really Is"

"Massive Price Increases At Walmart! This Is Crazy! What's Coming!?"

Full screen recommended.
Adventures With Danno, 1/25/23:
"Massive Price Increases At Walmart! 
This Is Crazy! What's Coming!?"
"In today's vlog we are at Walmart and are noticing massive price increases! We are here to check out skyrocketing prices, and a lot of empty shelves! It's getting rough out here as stores seem to be struggling with getting products!"
Comments here:

Gregory Mannarino, "Expanding War; Worsening Economic Freefall"

Gregory Mannarino, 1/25/23:
"Expanding War; Worsening Economic Freefall"
Comments here:

Tuesday, January 24, 2023

"I Told You So. Everyone's About to Get a HARSH Reality Check"

Full screen recommended.
Canadian Prepper, 1/24/23:
"I Told You So. Everyone's About to Get a HARSH Reality Check"
Comments here:

"World War III: Has It Begun?"

"World War III: Has It Begun?"
By Jim Rickards

"Has World War III already begun? That’s a serious question and deserves serious consideration. A wave of analysts and commentators have warned that the war in Ukraine could spin out of control and escalate into World War III. One variation on that theme is that the war could escalate into a nuclear war with tactical nuclear weapons deployed. Most point a finger at Russia as the party that will launch a nuclear strike out of desperation at a failing campaign in Ukraine. Actually, the opposite is true.

The Russian campaign is not failing (it has been on hold for several months awaiting the right conditions to launch a winter offensive). You just don’t hear about it in the mainstream media, which is essentially a propaganda outlet for Ukraine. And the party most likely to use nuclear weapons first is the U.S. in order to save face and destabilize Russia once Ukraine is on the brink of collapse.

Reality Check: Many people have a hard time believing that. They’ve been told that Putin is the devil incarnate and would probably like to destroy the world. We like to think that in modern times we’re sophisticated and above falling prey to propaganda. Unfortunately, it isn’t true. The fact is the U.S. did wage the only nuclear war in history from Aug. 6–9, 1945 and had a successful outcome. I’m not getting into the morality of it here, one way or the other. I’m just being objective.

Either way, another nuclear war could not be contained and it would be tantamount to World War III. It amounts to the same thing. But my point is different. It’s not that we may be headed to World War III; it’s that we’re already there. The issue of when wars in general and world wars in particular begin and end is not as clear cut as many believe. There are many examples.

When Does a War Officially Begin? It’s Complicated: When did World War I begin? There were many precursors including the Agadir Crisis in Morocco (1911), the Italian-Turkish War (1911–12) and the Balkan Wars (1912–1913). Clearly, the First World War was in a countdown phase as early as 1911. More specifically, did World War I begin with the assassination of the Archduke Franz Ferdinand on June 28, 1914? The Austria-Hungary declaration of war on Serbia on July 28, 1914? Germany’s declaration of war on Russia on Aug. 1, 1914?

The fact is the beginning of World War I (then called the Great War) was a series of blunders. There were many other mistakes in addition to those just mentioned. Of course, the U.S. did not enter World War I until April 6, 1917.

The end of World War I was also a muddle. Most students recite Nov. 11, 1918, as the day the war ended. That’s not quite right. That is the day an armistice was signed and the shooting stopped. But an armistice is a ceasefire, not a peace treaty. The actual Versailles Treaty that ended the war was signed on June 28, 1919.

There’s nothing new about blurry lines on when wars begin and end. The Korean War stopped with an armistice signed on July 27, 1953, but it’s still technically not over; there has never been a peace treaty.

The most interesting case (and the one most pertinent to the war in Ukraine) is the beginning of World War II.

When Did World War II Really Begin? Most Americans reflexively date this from Dec. 7, 1941, when Japan attacked Pearl Harbor. That’s the right date for U.S. entry, but of course, the war began on Sept. 1, 1939, when Germany invaded Poland. The U.K. and France declared war on Germany on Sept. 3. Yet did World War II actually begin much earlier?

Japan invaded Manchuria on Sept. 18, 1931. They established a puppet regime there called Manchukuo led by Emperor Puyi (the infamous “Last Emperor” of China, and a descendant of the Qing Dynasty). This was followed by a full-scale invasion of China by Japan in 1937 and the horrific Rape of Nanjing in December 1937. Of course, the European and Pacific theaters of World War II were different and geographically separated, but it is at least arguable that World War II began in China in 1931 or 1937 at the latest. I lean to that view personally.

And let’s not ignore the Spanish Civil War (1936–1939) in which Germany bombed Guernica, Russia financed the Popular Front and mercenaries formed the International Brigades, including the American Abraham Lincoln Brigade. The spectacle of the U.S. and Russia fighting Germany on Spanish soil was a neat preview of World War II. The influx of foreign fighters to the war in Ukraine offers a modern parallel.

The Case for the Start of World War III: So the case for fuzzy beginnings and endings of wars is clear. What’s the case for saying World War III has already begun based on the situation in Ukraine? The first point is the number of nations directly involved. It’s nonsense to say that NATO members are cheering on Ukraine from the sidelines. Those countries are directly involved in supplying weapons, intelligence, money, ammunition and boots on the ground.

Polish troops are operating as mercenaries in Ukrainian uniforms. U.S. and U.K. special operators are inside Ukraine supplying intelligence, weapons training and help with logistics. (These special operators are often hired as contractors by the CIA and MI6 to disguise their connections to U.S. and U.K. intelligence.)

Poland and Lithuania are supplying sophisticated Leopard tanks to Ukraine. The U.K. is preparing to supply their most sophisticated tank - the Challenger II, as well. The U.S. is providing Bradley Fighting Vehicles and Stryker armored vehicles. The U.S. is also supplying HIMARS (long-distance guided missile artillery) and Patriot anti-missile batteries. The West is providing Ukraine with ammunition, cash, drones, satellite imaging, signals intelligence (SIGINT) and human intelligence (HUMINT).

Russia has been no slouch when it comes to enlisting allies and mercenaries. The Wagner Group, a privately owned mercenary army, has been on the front lines near Soledar and Bakhmut. Russia is getting drones from Turkey and Iran. Fighters are arriving from Syria. China is providing financial support and offering technology that helps Russia to build its weapons and continue its missile attacks.

Up the Escalation Ladder: Physical warfighting has occurred in Poland (a misguided Ukrainian missile), Belarus (also a misguided Ukrainian missile), Russia (drone attacks on airbases inside Russia with nuclear weapons nearby) and Germany (the sabotage of the Nord Stream pipelines). There have also been naval battles on the Black Sea.

Of course, a long list of countries is providing support for Ukraine by participating in U.S.- and EU-led financial and economic sanctions. The countries now directly involved in the war in Ukraine with weapons, money, intelligence, mercenaries or financial sanctions include the U.S., the U.K., Germany, France, Poland, Lithuania, Canada, Australia, Ukraine, Russia, China, Syria, Iran, Turkey, Japan, Romania, Belarus and Moldova. These countries span four continents. The economic ramifications are global. If this is not a world war, it’s not clear what is.

The Third World War is here. It may be at the 1937 stage rather than the 1941 stage. Let’s hope that status prevails. It likely will not. This war is not close to a conclusion. It is far more likely to expand in terms of affected nations, financial sanctions and kinetic warfare. The danger of escalation to a nuclear exchange is real and growing. Will anyone stop it before it’s too late?"
o
Related:

o
A Comment: Putin has stated many times that if Russia were faced with an "existential threat" they'd use nuclear weapons. What would I do if I were him, and a US first strike was about to happen? 2 things... Pre-emptively we'd hypersonically deliver EMPs 300 miles above Kansas and London, instantly frying literally everything that uses electricity. Detonated over Kansas the entire continental United States and large parts of Canada and Mexico would be instantly struck back to the stone age. Over London the entire UK and most of Europe would cease to function.

Simultaneously we'd launch 3 100 megaton Poseidon torpedos in deep water off the US and West coasts, and in the Atlantic near the UK. The resulting bomb blast would produce a 1,500 foot high tsunami wave that would obliterate the entire US East Coast as far inland as W. Virginia, from Maine to Florida, everything gone. One in the Pacific Ocean off California would do the same to the entire US West Coast, from Canada to Mexico. The one detonated in the Atlantic towards the UK would totally obliterate the entire country and large parts of Europe. The UK would cease to exist.
Full screen recommended.
"Russian State TV Threatens Nuclear Strike On 
UK And Warns Of Radioactive Tidal Wave"

All in less than an hour, and the war's over. 
Do we really want to do this?

Gregory Mannarino, "World War III... We Are Edging Ever Closer"

Gregory Mannarino, PM 1/24/23:
"World War III... We Are Edging Ever Closer"
Comments here:

"We Are Witnessing An Enormous Wave Of Bankruptcies And Layoffs During The Early Stages Of 2023"

Full screen recommended.
"We Are Witnessing An Enormous Wave Of Bankruptcies 
And Layoffs During The Early Stages Of 2023"
by Epic Economist

"Is your job safe? Right now, we are witnessing so much turmoil is so many different sectors of our economy. The housing market is crashing, the cryptocurrency industry has imploded, the tech industry is laying off workers at an extremely frightening pace, and some of our most important retailers are heading into bankruptcy. The information that I am about to share with you is deeply troubling. It has become exceedingly clear that our economy is in huge trouble, and I fully expect that our problems will accelerate even more as the year rolls along.

Microsoft announced thousands of job cuts this week, becoming the latest tech company to pluck its workforce as the global economy slows. Microsoft reported the layoffs would affect roughly 5% of its workforce, with some notifications happening as early as Wednesday.

Even more alarming is the fact that it is being reported that a bankruptcy filing for Bed Bath & Beyond has become “likely”…Bed Bath & Beyond has been in discussions with prospective buyers and lenders as it works to keep its business afloat during a likely bankruptcy filing, according to people familiar with the matter.

The wave of layoffs that we have been witnessing in the tech industry is truly unprecedented. Prior to this week, more than 25,000 tech industry workers had already been laid off this year, and this comes on the heels of the massive layoffs that we saw last year.

Needless to say, this could potentially completely undermine the dominance of the petrodollar. Of course we cannot afford to have that happen, because the dominance of the dollar is one of the only things that is keeping our system afloat.

At this point just about everything is moving in the wrong direction for the U.S. economy, but most people still do not understand the bigger picture. A lot of the “experts” assume that we will just suffer through a temporary recession and then things will eventually return to normal. I wish that was true. Unfortunately, our entire system is starting to crack and crumble all around us, and those that are currently running things are not going to be able to put it back together again."

Musical Interlude: Deuter, "Sound of Invisible Waters"

Full screen recommended.
Deuter, "Sound of Invisible Waters"

"A Look to the Heavens"

“In one of the brightest parts of Milky Way lies a nebula where some of the oddest things occur. NGC 3372, known as the Great Nebula in Carina, is home to massive stars and changing nebulas. The Keyhole Nebula (NGC 3324), the bright structure just above the image center, houses several of these massive stars and has itself changed its appearance.
The entire Carina Nebula spans over 300 light years and lies about 7,500 light-years away in the constellation of Carina. Eta Carinae, the most energetic star in the nebula, was one of the brightest stars in the sky in the 1830s, but then faded dramatically. Eta Carinae is the brightest star near the image center, just left of the Keyhole Nebula. While Eta Carinae itself maybe on the verge of a supernova explosion, X-ray images indicate that much of the Great Carina Nebula has been a veritable supernova factory.”

The Poet: Rainer Maria Rilke, "I Want A Lot"

"I Want A Lot"

"You see, I want a lot.
Perhaps I want everything:
the darkness that comes with every infinite fall
and the shivering blaze of every step up.

So many live on and want nothing
and are raised to the rank of prince
by the slippery ease of their light judgments.
But what you love to see are faces
that so work and feel thirst...

You have not grown old, and it is not too late
to dive into your increasing depths
where life calmly gives out its own secret."
- Rainer Maria Rilke

"Of Course..."

"To show mercy is not naive. To hold out against the end of hope is not stupidity or madness. It is fundamentally human. Of course... we are all doomed; we are all poisoned from our birth by the rot of stars. That does not mean we should succumb to the seductive fallacy of despair, the dark tide that would drown us. You may think I'm stupid, you may call me a madman and a fool, but at least I stand upright in a fallen world."
- Rick Yancey

Judge Napolitano, "Ukraine Russia War Latest w. Col. Doug Macgregor"

Full screen recommended.
Judge Napolitano - Judging Freedom, 1/24/23:
"Ukraine Russia War Latest w. Col. Doug Macgregor"
Comments here:

"They Will Chase You Forever"

Full screen recommended.
Dan, iAllegedly 1/24/23:
"They Will Chase You Forever"
"People think that once they move out of a state that they never have to pay taxes again in the state that they left. The problem is that crazy California is trying to make it worse and chase people forever."
Comments here:

"If Only You Knew "

"If Only You Knew "
by Teresa Marchese

"This morning, I saw a young man, hanging dead from a tree. It started out as a typical  morning. It was 6:45 am. I brought the "toys" today; weights, bars, balls and boxing gloves, to have my clients work at stations. I run Rock Solid Fitness, a women's outdoor fitness club, at San Francisco's Land's End. We run trails and hills and stairs on this rocky park of cypress and redwood. But this morning, the first client to arrive begged for a "wimpy" workout, so we headed out to Land's End trail. It was a beautiful morning, and I thought some deep stretching overlooking the Golden Gate as the sun rose was in good order.

Walking that path shoulder to shoulder with three of the amazing women with whom I begin each day, whose stories I learn, whose lives weave through mine with soft, smiling, shimmering threads. An evening at the theater was recounted, a daughter was praised, a mention of Bill Clinton's charm (if you were to meet him in person), a reference to Vince Neil. Setting a quick pace, marching on, the stories continued. Looking forward, as I tend to do, I noticed an unfamiliar silhouette in those well-known woods. My stomach lurched, but only slightly, as I was unbelieving. A body hung from a tree, heels in the leafy ground. "Is it real?" I asked, as we moved toward him. Hands. Face. Body. It looked almost an effigy, a sick waxy joke, at the end of a rope.

We moved closer. And we moved quickly. There was no doubt he was real. There was no doubt he was dead. Clearly trained in knots, he had hung himself well in the night with a brand new electrical cord. A suicide. Finished.

He was young. Early twenties? Looking back, I wonder if he was younger, maybe in his teens. I don't meet Death often, but I suppose his mask makes one look older. Apart from being lifeless, he was everything a young man should be - handsome, well-heeled, sporting backpack and iPod. Hood up over dark curly hair - a San Francisco kid. His hands rested, resolute, at his sides.

Not one of us hesitated to touch him, to hold him, to relieve the tension that took his last breath. We four women strongly played our part - mother, sister, tender, friend - released him from his hold. Normally, I'm in charge. I'm the teacher. I'm the trainer. I give the orders. But something else took over here - a solidarity among women. One a doctor, another a mother, all of us upright and bold. We didn't speak. We didn't need to, I guess. We understood that we wanted to get him down and we moved accordingly. The thick branch that held him was about seven-and-a-half feet off the ground. I got underneath him and lifted his weight as the tallest of us lifted the smallest of us to reach and unwrap the cable. We laid him on the soft, grassy earth. Our doctor checked his pulse, his pupils. I felt his fingers, tried to open his stiff hand.

I looked at the group, I knew none of us was carrying a phone. Addressing the three of them, I said, "You'll stay? And I'll go for help." Help? There was no helping this one. I would take the next proper step. I spotted a morning hiker, ran to him and explained the situation. I took his phone while he went to the parking lot to direct the first-responders to the trail.

911 answered immediately, but wanted an address. Frustrated, I asked to be connected to San Francisco dispatch, to someone who could listen to my instructions and understand where I was. I heard sirens within two minutes, hung up the phone, and waved the paramedics to the trailhead. The first jumped from the engine to walk with me. "How do you know he's dead?" he asked me. "He's dead," I answered.

We left them to their work and deferentially gave a park police officer our statements. We were commended for staying - merely for staying on the scene. Most people call and leave, he told us. Really? How can someone just walk away from the dead? Because we took him down, we had to give detailed written statements. Our foursome huddled together in one car and rode in silence. There was a deep sadness and reverence among us - among all of us. Even the paramedics and the police officers, who surely meet grief often, were dejected and mindful. Because of the hour and "remote" location, the scene was respectfully not tainted with gawking onlookers and gossip-hungry voyeurs. For this, I was grateful.

We handed over our statements, hugged each other hard, and dispersed. It was 7:58 a.m. I canceled my next class and the day's remaining appointments and sat in my truck for a while, looking out over the edge of the world. I wanted to shout out to everyone I love, "We belong on this earth! We are here for a reason! Stay here with me!" I decided I would do just that, in my own way. I would start with my husband. I drove home, vowing to better love those I love, as well as those I don't yet.

To the family of the nameless one, I am sorry I could not speak his name. Please know he was carefully and lovingly tended to when he was found. Four gentle, but rock-solid women, took him from that tree and laid him down to rest.

To the nameless one, whom I briefly held, I'm sorry. I'm sorry for the loss of those who loved you. (They did, of course, you know.) I'm sorry that it wasn't enough for you, here, now. Alas, you've moved on, young friend. You left your sorrow in that tree. Let your despair roll down those rocky cliffs, and be taken with the tide, pummeled and churned in the pacific surf, sprayed and splayed on the horizon, metamorphosed into air and light. Now do you see that you interrupted the rhythm of all things? If only you could have known how important you are to the fabric of this life, this place, you could have stayed, and lived your short life longer. You surely would have cried more tears, but you would have laughed more, you would have loved, you would have learned and lost and traveled. You might have started a business, a revolution, a country. You might have saved a life. I wish you would have. And now I wish I would have." 

"Things Become Clear..."

 

“When the pain of leaving behind what we know outweighs the pain of embracing it, or when the power we face is overwhelming and neither flight nor fight will save us, there may be salvation in sitting still. And if salvation is impossible, then at least before perishing we may gain a clearer vision of where we are. By sitting still I do not mean the paralysis of dread, like that of a rabbit frozen beneath the dive of a hawk. I mean something like reverence, a respectful waiting, a deep attentiveness to forces much greater than our own.”
- Scott Russell Sanders

Folks, I fear our time for such reverence is now upon us.
God help us, God help us all...
o

"Trillions Upon Trillions Of Dollars Of Wealth Is Being Wiped Out As The 'Everything Collapse' Accelerates"

"Trillions Upon Trillions Of Dollars Of Wealth Is 
Being Wiped Out As The 'Everything Collapse' Accelerates"
By Michael Snyder

Have you checked on the health of your investments lately? If not, you may be surprised to find out where things currently stand. As the “everything collapse” accelerates, trillions upon trillions of dollars of wealth is being wiped out. Many that thought that they were financially set for the rest of their lives are now in panic mode as asset values rapidly crumble. Just look at what happened to Sam Bankman-Fried. He was worth 16 billion dollars coming into this month, and now the value of his assets has been “reduced to zero”. In fact, when you factor in all the money that he owes to creditors, it is likely that his net worth is actually less than zero. That is how fast it can happen.

Overall, the cryptocurrency industry “has lost more than $1.4 trillion in value this year”…"The cryptocurrency market has lost more than $1.4 trillion in value this year as the industry has been plagued with problems from failed projects to a liquidity crunch, exacerbated by the fall of FTX, once one of the world’s largest exchanges."

FTX wasn’t the first domino to fall, and it certainly won’t be the last. In fact, now we are being warned that Genesis “may need to file for bankruptcy”…"Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it’s warning potential investors that it may need to file for bankruptcy if its efforts fail, according to people with knowledge of the matter."

Ouch. If Genesis fails, that is going to hurt. So why is Genesis in so much trouble? Well, it turns out that Genesis had “$175 million locked in an FTX trading account”…"Genesis has spent the past several days seeking at least $1 billion in fresh capital, said the people, who asked not to be identified because discussions are private. That included talks over a potential investment from crypto exchange Binance, they said, but funding so far has failed to materialize."

The rush for funding was precipitated by a liquidity crunch at the lender after the sudden collapse of FTX, one of the world’s largest crypto exchanges. Genesis halted redemptions shortly after revealing on Nov. 10 that it had $175 million locked in an FTX trading account. Needless to say, that 175 million dollars is now gone and it isn’t coming back.

Meanwhile, Coinbase continues to spiral downhill as well. According to Axios, the market cap for Coinbase has now fallen under 10 billion dollars…"The market capitalization of Coinbase just dropped below $10 billion. This time last year, it was more than $70 billion."

Of course it isn’t just the crypto industry that is in enormous trouble. For years, Tesla’s stock price just kept going higher and higher. But now Tesla’s market value is about 670 billion dollars lower than it was at this time last year…"Business Insider reports that Tesla’s market valuation has plummeted by nearly $700 billion from its peak a year ago. Insider notes that the $670 billion decline is equivalent to the market value of three Disneys, four Nikes, or six Starbucks."

Meanwhile, ordinary U.S. consumers are losing a tremendous amount of wealth as well. According to the New York Post, U.S. homeowners “lost a staggering $1.3 trillion in home equity in the third quarter”…"US homeowners lost a staggering $1.3 trillion in home equity in the third quarter during a major slump in the housing sector, according to data published by mortgage analytics firm Black Knight on Tuesday."

Home equity – broadly defined as the value of a homeowner’s property minus what is still owed on their mortgage – has plummeted during a rapid market correction. The equity losses in just three months were “by far the largest quarterly decline on record by dollar value and the largest since 2009 on a percentage basis,” according to Black Knight data & analytics president Ben Graboske."

We have never seen a quarter like that before. Not even during the crisis of 2008 and 2009 did we see such a huge quarterly loss.

A new housing crash is here, and it has already gone global. In fact, Spain has already developed a plan to offer “mortgage support relief” to over a million Spanish households…"Spain’s cabinet on Tuesday gave its approval to mortgage relief support for more than one million vulnerable households and help for middle-class families a day after the government and banks reached an agreement in principle. The measures are subject to final negotiations with banking associations, Economy Minister Nadia Calvino said, adding that banks had a month to sign up ahead of their planned implementation next year." Sadly, we will see much more government intervention all over the western world as this nightmare gets even worse in the months ahead.

The pace of layoffs is really starting to pick up, and there is a lot of fear out there right now. Just about everyone can feel that very tough times are in front of us, and some experts are now issuing bold pronouncements that are quite chilling. For example, Nouriel Roubini is warning that what we are facing is probably going to be “as bad as during the Global Financial Crisis”…“History suggests it’s going to be near mission impossible to avoid a hard landing. You’re going to get not only inflation, not only a recession, but what I call the ‘Great Stagflationary Debt Crisis.’ So it’s much worse than the ’70s, and it’s probably as bad as during the Global Financial Crisis.”

Actually, if all we go through is a repeat of what we experienced in 2008 and 2009 we would be extremely fortunate. Because the truth is that it isn’t just the economy that is failing. As I have repeatedly warned my regular readers, what we are now witnessing is literally the collapse of everything. Our entire society is slowly but surely coming apart at the seams all around us, but most people still expect that conditions will eventually return to “normal”. Unfortunately, “normal” has left the building, and a tremendous amount of pain is ahead."

The Daily "Near You?"

Troy, Virginia, USA. Thanks for stopping by!

"We're All Mad Here..."

Indeed, lol

"So We Never Live..."

"We do not rest satisfied with the present. We anticipate the future as too slow in coming, as if in order to hasten its course; or we recall the past, to stop its too rapid flight. So imprudent are we that we wander in the times which are not ours, and do not think of the only one which belongs to us; and so idle are we that we dream of those times which are no more, and thoughtlessly overlook that which alone exists. For the present is generally painful to us. We conceal it from our sight, because it troubles us; and if it be delightful to us, we regret to see it pass away. We try to sustain it by the future, and think of arranging matters which are not in our power, for a time which we have no certainty of reaching. Let each one examine his thoughts, and he will find them all occupied with the past and the future. We scarcely ever think of the present; and if we think of it, it is only to take light from it to arrange the future. The present is never our end. The past and the present are our means; the future alone is our end. So we never live, but we hope to live; and, as we are always preparing to be happy, it is inevitable we should never be so."
- Blaise Pascal
The Marmalade, "Reflections Of My Life"

"Insane..."

“And those who were seen dancing were thought to be
 insane by those who could not hear the music.”
- Friedrich Nietzsche

“We Are All Like Elephants”

“We Are All Like Elephants”
by Marc Chernoff

"In many ways, our past experiences have conditioned us to believe that we are less capable than we are. All too often we let the rejections of our past dictate every move we make. We literally do not know ourselves to be any better than what some opinionated person or narrow circumstance once told us was true. Of course, an old rejection doesn’t mean we aren’t good enough; it just means some person or circumstance from our past failed to align with what we had to offer at the time. But somehow we don’t see it that way - we hit a mental barricade that stops us in our tracks.

This is one of the most common and damaging thought patterns we as human beings succumb to. Even though we intellectually know that we’re gradually growing stronger than we were in the past, our subconscious mind often forgets that our capabilities have grown. Let me give you a quick metaphorical example…

Zookeepers typically strap a thin metal chain to a grown elephant’s leg and then attach the other end to a small wooden peg that’s hammered into the ground. The 10-foot tall, 10,000-pound elephant could easily snap the chain, uproot the wooden peg and escape to freedom with minimal effort. But it doesn’t. In fact the elephant never even tries. The world’s most powerful land animal, which can uproot a big tree as easily as you could break a toothpick, remains defeated by a small wooden peg and a flimsy chain.

Why? Because when the elephant was a baby, its trainers used the exact same methods to domesticate it. A thin chain was strapped around its leg and the other end of the chain was tied to a wooden peg in the ground. At the time, the chain and peg were strong enough to restrain the baby elephant. When it tried to break away, the metal chain would pull it back. Sometimes, tempted by the world it could see in the distance, the elephant would pull harder. But the chain would not budge, and soon the baby elephant realized trying to escape was not possible. So it stopped trying.

And now that the elephant is all grown up, it sees the chain and the peg and it remembers what it learned as a baby - the chain and peg are impossible to escape. Of course this is no longer true, but it doesn’t matter. It doesn’t matter that the 200-pound baby is now a 10,000-pound powerhouse. The elephant’s self-limiting thoughts and beliefs prevail.

If you think about it, we are all like elephants. We all have incredible power inside us. And certainly, we have our own chains and pegs - the self-limiting thoughts and beliefs that hold us back. Sometimes it’s a childhood experience or an old failure. Sometimes it’s something we were told when we were a little younger. The key thing to realize here is this: We need to learn from the past, but be ready to update what we learned based on how our circumstances have changed (as they constantly do).“

Gregory Mannarino, "FED Deliberately Created Real Estate Bubble Is Bursting"

Gregory Mannarino, AM 1/24/23:
"FED Deliberately Created Real Estate Bubble Is Bursting. 
Inflation Continues To Rise"
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"How It Really Is"

 

"Stocking Up At Meijer! Prepping For The Future! What's Next!?"

Full screen recommended.
Adventures With Danno, 1/24/23:
"Stocking Up At Meijer! 
Prepping For The Future! What's Next!?"
"In today's vlog we are at Meijer and noticing some strange price increases! We are here to check out skyrocketing prices, and a lot of empty shelves! It's getting rough out here as stores seem to be struggling with getting products! "
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"We Must Ask Ourselves..."

''As Americans, we must ask ourselves: Are we really so different? Must we stereotype those who disagree with us? Do we truly believe that ALL red-state residents are ignorant racist fascist knuckle-dragging NASCAR-obsessed cousin-marrying roadkill-eating tobacco juice-dribbling gun-fondling religious fanatic rednecks; or that ALL blue-state residents are godless unpatriotic pierced-nose Volvo-driving France-loving left-wing communist latte-sucking tofu-chomping holistic-wacko neurotic vegan weenie perverts?''
- Dave Barry

"America’s Generational Failure Exposed, Episode 2: 'The Empire of Debt'”

"America’s Generational Failure Exposed,
 Episode 2: 'The Empire of Debt'”
By Addison Wiggin

"The second installment of our acclaimed new miniseries America’s Generational Failure will be available free this afternoon at 12pm EST (9am PST). 

Episode 2 is called “The Empire of Debt.” You might recognize it as the title of the New York Times bestseller by the same name that I wrote with Bill Bonner several years ago. Now fleshed out on camera, the electric story of the rise and fall of the American financial machine is a raw, unfiltered, and uncensored conversation between me and my long-time friend and mentor.
For Wiggin Sessions readers only, Episode 2 “The Empire of Debt” will be available at no cost for 24 hours. You don’t even need to sign up. Click here to watch @ 3pm this afternoon.

Trust me, this is information you can’t afford to miss. See you in the viewing room! Follow your own bliss."

"Mass Psychosis - How an Entire Population Becomes Mentally Ill"

Full screen recommended.
"Mass Psychosis - 
How an Entire Population Becomes Mentally Ill"
"In this video we are going to explore the most dangerous of all psychic epidemics, the mass psychosis. A mass psychosis is an epidemic of madness and it occurs when a large portion of a society loses touch with reality and descends into delusions. Such a phenomenon is not a thing of fiction. Two examples of mass psychoses are the American and European witch hunts 16th and 17th centuries and the rise of totalitarianism in the 20th century.

This video will aim to answer questions surrounding mass psychosis: What is it? How does is start? Has it happened before? Are we experiencing one right now? And if so, how can the stages of a mass psychosis be reversed?"
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