Tuesday, January 16, 2024

"US Consumers Are Engaging In A Historic Debt Binge, And Delinquencies Are Ominously Rising..."

"US Consumers Are Engaging In A Historic Debt Binge,
And Delinquencies Are Ominously Rising..."
by Michael Snyder

"Americans are going into debt as if tomorrow will never come, but of course tomorrow always arrives eventually. What we are witnessing right now is truly a historic debt binge, and to many of the experts it seems like there is no end in sight to the unrestrained spending that is going on. But are U.S. consumers going into record levels of debt because they are feeling good about things or because they are trying to survive in an increasingly harsh economic environment? In America today, the cost of living has become exceedingly oppressive, employers are laying off large numbers of workers, and poverty and homelessness have been absolutely exploding all over the country. Millions of U.S. households are just barely hanging on by their fingernails, and many desperate consumers have been piling up debt in a frantic attempt to stave off the inevitable.

According to new data that was just released by the Federal Reserve, consumer borrowing increased much faster than expected during the month of December…"US consumers did not rein in their spending this past holiday season, and now have near-record-breaking debt balances to show for it, according to new Federal Reserve data released Monday.

Consumer borrowing spiked by $23.75 billion in November, more than doubling economists’ expectations for a $9 billion increase and sending outstanding credit balances north of the $5 trillion mark for the first time on record, the Fed’s latest Consumer Credit report showed. The monthly increase during the critical holiday shopping month was driven by higher rates of revolving credit (which includes mostly credit cards), which soared by nearly $19.5 billion - the third-highest monthly increase on records that go back to 1943."

For quite a while, U.S. consumers were able to handle rapidly rising debt levels, but now it appears that we are reaching a breaking point. In fact, we are being told that “delinquencies are at their highest level since 2012”…"However, the sharp increase in credit balances is starting to be a cause for concern, Ted Rossman, Bankrate senior industry analyst, told CNN via email. “Credit card usage and Buy Now, Pay Later usage seemingly surged during the holidays, on top of already hefty debt loads,” Rossman said. Now, delinquencies are at their highest level since 2012."

In 2012, we were just coming out of the Great Recession. Those were very painful days. And actually the average credit card interest rate is even higher than anything that we witnessed back then…The average credit card rate is now more than 20%, on average - an all-time high - after rising at the steepest annual pace ever, in step with the Federal Reserve’s interest rate hike cycle. “Most cardholders’ rates have risen five-and-a-quarter percentage points during that span as a result of the Fed’s rate hikes meant to combat inflation,” Rossman said. “It’s no wonder, then, that we’re seeing more people carrying more debt for longer periods of time.”

Piling up credit card debt can be fun, but high interest rates will absolutely suffocate you financially for many years to come. Unfortunately, one recent survey discovered that 56 million cardholders in the United States have been carrying balances “for at least a year”…"Nearly half, or 49%, of credit card holders carry debt from month to month on at least one card, up from 46% last year, the report found, and 56 million cardholders have been in debt for at least a year."

Avoid credit card debt if you can, because it is literally financial poison. Of course many Americans have no choice. More than 60 percent of the nation is living paycheck to paycheck, and just trying to pay the bills from month to month is really a struggle for millions upon millions of Americans. Our leaders insist that they have inflation under control, but we can all see that is not the case.

This week, a restaurant owner that charges 16 dollars for a BLT sandwich made headlines all over the nation, but because of rapidly rising costs he only makes 2 dollars on each sandwich…"A restaurant owner has explained how raging inflation means he has to charge $16 for a BLT sandwich – yet makes under $2 on each. Brian Will, boss and founder of Central City Tavern sports bar chain, decided to speak out after a pal confronted him over his sandwich prices. The ingredients – bacon, lettuce, tomato, mayo and bread – cost $5, up more than a dollar since three years ago."

I still remember the days when a trip to the grocery store would cost me about 20 bucks. Now 20 bucks will buy one sandwich. Ouch.

Sadly, the economic outlook for the year ahead is not promising at all. According to Business Insider, economist Cam Harvey is very confident that a recession is coming in 2024…"Cam Harvey, the economist who discovered the Treasury yield curve’s ability to forecast recessions, is reiterating his call that a downturn is likely ahead in 2024. Harvey’s model says that when yields on 3-month Treasury bills stay higher than those on 10-year notes for at least three months - triggering an official inversion - a recession will follow. The indicator has preceded each of the last eight recessions and has not produced any false positives. Yields on the two government bond durations have been officially inverted for 12 months now."

I can’t argue with his analysis. But what we are facing in the long-term is not just another economic downturn. Ultimately, what we are facing in the long-term is a “perfect storm” that will result in a complete meltdown of our entire system. The tremendous economic turmoil that we have been experiencing during the Biden administration is just the beginning. All of the long-term trends are pointing in one direction, and the consequences of decades of very foolish decisions are starting to catch up with us very rapidly."

Monday, January 15, 2024

"World War III Update, 1/14/24"

Full screen recommended.
Canadian Prepper,1/14/24
"Alert! Iran Launches Ballistic Missiles, US Ship Hit! 
NATO Plans Nuclear Decapitation Strike?!"
Comments here:
o
Full screen recommended.
Scott Ritter, 1/14/24
"US Cargo Ship Was Hit By A Houthis Missile; 
Iran Launched Airstrike On US Ally In Iraq"
Comments here:
o
Full screen recommended.
by USMC 1/14/24
"Instant Reaction From Iran! Houthis Cruise 
Missile Sinks US Aircraft Carrier Near Yemen"
NOT Real footages, just Arma 3 gameplay, but very accurately descriptive.
Comments here:

Jeremiah Babe, "People Are Giving Up On The American Dream, The Middle Class Nightmare"

Jeremiah Babe, 1/14/24
"People Are Giving Up On The American Dream, 
The Middle Class Nightmare"
Comments here:

Adventures With Danno, "This Keeps Getting Worse!"

Adventures With Danno, PM 1/14/24
"This Keeps Getting Worse!"
"This keeps getting worse as we are seeing another massive surge in prices on groceries all around the country and around the world! This is not good as we continue to see many families struggling to put food on the table. "
Comments here:

"Israel - Palestine War Update, 1/14/24"

Full screen recommended.
Scott Ritter, 1/14/24
"Israel Is Fighting A Stupidly Large Scale 
Ground Combat With Modern Warfare Master Hamas"
Comments here:
o
Col. Douglas Macgregor, 1/14/24
"Will Happen Next For Israel!"
Comments here:
o
Must View!
Full screen recommended.
Double Down News, 1/14/24
"Israel Is GUILTY of Genocide: 
Jewish Former South Africa MP Destroys Israel At ICJ"
Comments here:

Musical Interlude: "Beautiful Relaxing Music - Calming Piano & Guitar Music"

Full screen recommended.
Soothing Relaxation,
"Beautiful Relaxing Music - Calming Piano & Guitar Music"
"Beautiful relaxing music by Soothing Relaxation. Enjoy calming piano and
 guitar music composed by Peder B. Helland, set to stunning nature videos."

"A Look to the Heavens"

“While drifting through the cosmos, a magnificent interstellar dust cloud became sculpted by stellar winds and radiation to assume a recognizable shape. Fittingly named the Horsehead Nebula, it is embedded in the vast and complex Orion Nebula (M42). A potentially rewarding but difficult object to view personally with a small telescope, the below gorgeously detailed image was recently taken in infrared light by the orbiting Hubble Space Telescope. 
The dark molecular cloud, roughly 1,500 light years distant, is cataloged as Barnard 33 and is seen above primarily because it is backlit by the nearby massive star Sigma Orionis. The Horsehead Nebula will slowly shift its apparent shape over the next few million years and will eventually be destroyed by the high energy starlight.”

Chet Raymo, “Take My Arm”

“Take My Arm”
by Chet Raymo

“I’m sure I have referenced here before the poems of Grace Schulman, she who inhabits that sweet melancholy place between “the necessity and impossibility of belief.” Between, too, the necessity and impossibility of love.

Belief and love. They have so much in common, yet are as distinct as self and other. How strange that two people can hitch their lives together, on a whim, say, or wild intuition, knowing little if nothing about the other’s hiddenness, about things that even the other does not fully understand and couldn’t articulate even if he did. Blind, deaf, dumb, they leap into the future, hoping to fly, and, for a moment, soaring, like Icarus, sunward. The necessity of wax. The impossibility of wax. We “fall” in love, they say. Schulman: “We slog. We tramp the road of possibility. Give me your arm.”

Free Download: "The Essential Rumi"

"All day I think about it, then at night I say it. Where did I come from, and what am I supposed to be doing? I have no idea. My soul is from elsewhere, I'm sure of that, and I intend to end up there. Who looks out with my eyes? What is the soul? I cannot stop asking. If I could taste one sip of an answer, I could break out of this prison for drunks. I didn't come here of my own accord, and I can't leave that way. Whoever brought me here, will have to take me home."
- Rumi, "The Tavern," Ch. 1:, p. 2, from "The Essential Rumi"

Freely download "The Essential Rumi" here:

"15 Common Dynamics Of SHTF Collapses"

"15 Common Dynamics Of SHTF Collapses"
by Fabian Ommar

"When it comes to how we see and prepare for SHTF, thinking in terms of real and probable rather than fictional and possible can make a big difference. Even though SHTF has many forms and levels and is in essence complex, random, diverse and unsystematic, some patterns and principles are common to the way things unfold when it hits the fan. With Toby and Selco’s "Seven Pillars of Urban Preparedness" as inspiration, I came up with a different list of the 15 dynamics and realities of collapses.

#1 SHTF is nuanced and happens in stages: Thinking about SHTF as an ON/OFF, all-or-nothing endgame is a common mistake that can lead to severe misjudgments and failures in critical areas of preparedness. Part (or parts) of the system crash, freeze, fail, or become impaired. This is how SHTF happens in the real world. And when it does, people run for safety first, i.e., resort to more familiar behaviors, expecting things to “go back to normal soon.”

By “normal behaviors,” I mean everything from hoarding stuff (toilet paper?) to rioting, looting, and crime, and yes, using cash – as these happen all the time, even when things are normal. But no one becomes a barterer, a peddler, a precious metals specialist in a week. Society adapts as time passes (and the situation requires). That’s why preppers who are also SHTF survivors (and thus talk from personal experience) insist that abandoning fantasies and caring for basics first is crucial. This is not a coincidence. It is how things happen in the real world.

Recently I wrote about black markets and the role of cash in SHTFs, emphasizing these things take precedence except in a full-blown apocalypse – which no one can say if, when, or how will happen (because it never has?). Now, I don’t pretend to be the owner of the truth, but those insisting changes in society happen radically or abruptly should check this article about the fallout in Myanmar.

#2 Everything crawls until everything runs: Number two is a corollary to #1. SHTF happens in stair-steps, but most people failing to prepare and getting caught off-guard is evidence of the difficulty of the human brain to fully grasp the concept of exponential growth. It bears telling the analogy of the stadium being filled with water drops to illustrate this.

Let’s say we add one drop into a watertight baseball stadium. The deposited volume doubles every minute (i.e., one minute later, we add two more drops, then four in the next minute, eight in the next, then sixteen, and so on). How long would it take to fill the entire stadium? Sitting at the top row, we’d watch for 45 minutes as the water covered the field. Then at the 48-minute mark, 50% of the stadium would be filled. Yes, that’s only 3 minutes from practically empty to half full. At this point, we have just 60 seconds to get out: the water will be spilling before the clock hits 49 minutes.

This is an important dynamic to understand and keep in mind because it applies to most things. Another example: it took over 2 million years of human prehistory and history for the world’s population to reach 1 billion, and less than 250 years more to grow to almost 8 billion.

#3 The system doesn’t vanish or change suddenly: Based on history, the Mad Max-like scenario some so feverishly advocate is not in our near future. The Roman Empire unraveled over 500 years. We may not be at the tipping point of our collapse or the last minute of the flooding stadium, as illustrated in #2 above. But time is relative, and those 60 seconds can last five, ten, fifteen years. Things are accelerating, but there’s no way to tell at which point in the curve we are.

That doesn’t mean things will be normal in that period. A lot has happened to people and places all over the Roman empire during those five-plus centuries: wars, plagues, invasions, droughts, shortages, all hell broke loose. Our civilization has already hit the iceberg, and the current order is crumbling. There will be shocks along the way, some small and some big. But SHTF is a process, not an event.

#4 History repeats, but always with a twist: That’s because nature works in cycles, and humans react to scarcity and abundance predictably and in the same ways. Also, we’re helpless in the face of the most significant and recurring events. But things are never the same. Technology improves, social rules change, humankind advances, the population grows. This (and lots more) adds a variability factor to the magnitude, gravity, and reach of outcomes.

What better proof than the COVID-19 pandemic just surpassing the 1918 Spanish Flu death toll in the US? It’ll probably do so everywhere else, too. Even if we don’t believe the official data (then or now), we’re not yet out of this new coronavirus situation.

#5 SHTF is about scarcity: A shrink in resources invariably leads to changes in the individual’s standard of living or entire society (depending on the circumstances, depth, and reach of the disaster or collapse). Then it starts affecting life itself (i.e., people dying). Essentially, when things really hit the fan, abundance vanishes, and pretty much everything reverts to the mean: food becomes replenishment, drinking becomes hydration, sleeping becomes rest, home becomes shelter, and so on. Surviving is accepting and adapting to that.

#6 The consequences matter more than the type of event: I’ll admit to being guilty of debating probable causes of SHTF more often than I should, mainly when it comes to the economy and finance going bust. That’s from living in a third-world country, with all the crap that comes with it. It’s what I have to talk, warn, and give advice about. I still find it essential to be aware and thoughtful of the causes. But it’s for the consequences that we must prepare for: instability, corruption, bureaucracy, criminality, inflation, social unrest, divisiveness, wars, and all sorts of conflicts and disruptions that affect us directly.

#7 Life goes on: Humankind advances through hardship but thrives in routine. We crave normalcy and peace, and over the long term, pursue them. Contrary to what many think, life goes on even during SHTF. And things tend to return to normal after the immediate threats cease or get contained. At least some level of normal, considering the circumstances. For example, in occupied France, the bistros and cafés continued serving and entertaining the population and even the invaders (the Nazi army). It was hard, as is always the case anywhere there’s war, poverty, tyranny – but that doesn’t mean the world has ended.

#8 SHTF pileup: Disasters and collapses add instability, volatility, and fragility to the system, which can compound and cause further disruptions. Sometimes, unfavorable cycles on various fronts (nature and civilization) can also converge and generate a perfect storm. It’s crucial to consider that and try to prepare as best we can for multiple disasters happening at once or in sequence, on various levels, collective and individual – even if psychologically and mentally. And if the signs are any indication, we’re entering such a period of simultaneous challenges.

#9 Snowball effect: Daisy based her excellent article on the 10 most likely ways to die when SHTF on the principle of large-scale die-off caused by a major disaster, like an EMP or other. This theory is controversial and the object of endless discussions. Some say it’s an exaggeration. But in my opinion, that’s leaving a critical factor out of the equation.

Consider the following: according to WPR and the CDC, before COVID-19, the mortality rate in the US was well below 1% (2.850.000 per year, or about 8.100 per day). If the mortality rate increases to just 5%, this alone would spark other SHTFs, potentially more serious and harmful than the first. That five-fold jump in mortality would result in more than 16 million dead per year or 44.000 per day. That’s 5% we’re talking about, not 20 or 30. If there’s even a protocol to deal with something like that, I’m not aware. It would be catastrophic on many levels over a shorter period (say, a few months).

Early in the CV19 pandemic, some cities had trouble burying the dead, and the death rate was still below 1%. Sure, other factors were playing. But the point is, things can snowball: consequences and implications are too complex and potentially far-reaching. Think about the effects on the system.

#10 SHTF is a situation, but it’s also a place: Things are hitting the fan somewhere right now. Not in the overblowing media but the physical world: the Texas border, third-world prisons, gang-ruled Haiti, in Taliban-raided Afghanistan, in the crackhouse just a few blocks from an affluent neighborhood, under the bridges of many big cities worldwide, in volcano-hit islands. There are thousands of places where people are bugging out, suffering, or dying of all causes at this very moment. If you’re not in any SHTF, consider yourself lucky. Be grateful, too: being able to prepare is a luxury.

#11 Choosing one way or another has a price: Being unprepared and wrong has a price. However, so does being prepared and wrong. Though some benefits exist regardless of what happens, the investment in terms of time, finance, and emotion to be prepared could be applied elsewhere or used for other finalities (career, a business, relationships, etc.) rather than some far-out collapse.

Since so much in SHTF is unknown and open, and resources are limited even when things are normal, survival and preparedness are essentially trade-offs. We must read the signals, weigh the options, consider the probabilities, make an option, and face the consequences. That’s why striving for balance is so important.

#12 SHTF is dirty, smelly, ugly: This is undoubtedly one of the most striking characteristics of SHTF: how bad some places and situations can be. Most people have no idea, and they don’t want to know about this. Those who fantasize about being in SHTF should think twice. Abject misery and despair have a distinct smell of excrement, sewage, death, rotting material, pollution, trash, burned stuff, and all kinds of dirt imaginable. And insects. The movies don’t show these things. But bad smells and insects infest everything and everywhere, and it can be maddening.

During my street survival training, I get to visit some really awful places and witness horrible things. The folks eventually going out with me invariably get shocked, sometimes even sickened, when they see decadence up and close for the first time. Even ones used to dealing with the nasties – it’s hard not to get affected.

For instance, drug consumption hotspots are so smelly and nasty that someone really must have to be on crack just to stand being there. It’s hell on earth, and I can’t think of another way to describe these and other places like third-world prisons, trash deposits, and many others. Early on, being in these places would make me question why I do this. It never becomes “normal.” We just adapt. But seeing these realities changes our life and the way we see things.

#13 The Grid is fragile: It’s baffling how this escapes so many. Most people I know are in constant marvel with modern civilization. They look around, pointing and saying, “Are you crazy? Too big to fail! There’s no way this can go away! Nothing has ever happened!“.

We have someone to take our trash, slaughter, process our food, treat our sick, purify our water, treat our sewage, protect us from wrongdoers and evil people (and keep them locked), control the traffic, and defend our rights. Peeking behind the curtains is a red pill moment. What keeps The Grid up and running is not something small, but it’s fragile. The natural state of things is not an insipid, artificially controlled environment. On the positive side, it makes us feel more grateful, humble, and also more responsible.

#14 The frog in the boiling water: That’s you and me and everyone around us. There’s no other way around it. We’re the suckers who get squeezed and pay the bill whenever something happens, anywhere and everywhere. It’s always our freedom, rights, money, and privacy that gets attacked, threatened, stolen.

Not only because the 1% screws us at the top, but because we’re the big numbers, the masses. And only those who work and produce something can bear the brunt of whatever bad happens to society and civilization. Make no mistake: whenever the brown stuff hits the fan, it will fall on us. It’s no reason to revolt but to acknowledge that, ultimately, we’re responsible for ourselves.


Conclusion: Sometimes, the mechanics, brutality, and harshness of SHTF end up in the background of personal narratives and emotional accounts. Being more knowledgeable and cognizant of some general aspects of collapses may allow flexibility, creativity, improvisation, adaptation, resiliency, and other broad and effective strategies. Or, simply provide material for reflection and debate, really.

Either way, even those who haven’t been through collapse can still learn from history, from others’ experiences, from human behavior, from the facts. Just be sure to see the world for what it is and not from what you think. Because it will go its own way, and reality will assert itself all the same. 

What are your thoughts about the dynamics of an SHTF scenario? Are there any you want to add? Does this match up with your personal expectations? Let’s discuss it in the comments."

"Teach Them..."

"Teach them a spider does not spin a web. Spiders spin meaning. 
Cut one strand and the web holds. Cut many, the web falls. 
With the web's fall, so too falls the spider. 
Break the web. Break the spider. So breaks the circle of life."
- Frederic M. Perrin

"Are There Any Questions?"

"Are There Any Questions?"
by Robert Fulghum

"Are there any questions?" An offer that comes at the end of college lectures and long meetings. Said when an audience is not only overdosed with information, but when there is no time left anyhow. At times like that you sure do have questions. Like, "Can we leave now?" and "What the hell was this meeting for?" and "Where can I get a drink?"

The gesture is supposed to indicate openness on the part of the speaker, I suppose, but if in fact you do ask a question, both the speaker and the audience will give you drop-dead looks. And some fool - some earnest idiot - always asks. And the speaker always answers. By repeating most of what he has already said. But if there is a little time left and there is a little silence left in response to the invitation, I usually ask the most important question of all: "What is the Meaning of Life?" You never know, somebody may have the answer, and I'd really hate to miss it because I was too socially inhibited to ask. But when I ask, it is usually taken as a kind of absurdist move - people laugh and nod and gather up their stuff and the meeting is dismissed on that ridiculous note. Once, and only once, I asked that question and got a serious answer…

Papaderos rose from his chair at the back of the room and walked to the front, where he stood in the bright Greek sunlight of an open window and looked out… he turned. And made the ritual gesture: "Are there any questions?" Quiet quilted the room. These two weeks had generated enough questions for a lifetime, but for now there was only silence.

"No questions?" Papaderos swept the room with his eyes.
So. I asked.
"Dr. Papaderos, what is the meaning of life?"

The usual laughter followed, and people stirred to go. Papaderos held up his hand and stilled the room and looked at me for a long time, asking with his eyes if I was serious and seeing from my eyes that I was.

"I will answer your question."

Taking his wallet out of his hip pocket, he fished into a leather billfold and brought out a very small round mirror, about the size of a quarter. And what he said went like this: "When I was a small child, during the war, we were very poor and we lived in a remote village. One day, on the road, I found the broken pieces of a mirror. A German motorcycle had been wrecked in that place. I tried to find all the pieces and put them together, but it was not possible, so I kept only the largest piece. This one. And by scratching it on a stone I made it round. I began to play with it as a toy and became fascinated by the fact that I could reflect light into dark places where the sun would never shine - in deep holes and crevices and dark closets. It became a game for me to get light into the most inaccessible places I could find.

I kept the little mirror, and as I went about my growing up, I would take it out in idle moments and continue the challenge of the game. As I became a man, I grew to understand that this was not just a child's game but a metaphor for what I might do with my life. I came to understand that I am not the light or the source of light. But light - truth, understanding, knowledge - is there, and it will only shine in many dark places if I reflect it. I am a fragment of a mirror whose design and shape I do not know. Nevertheless, with what I have I can reflect light into the dark places of this world - into the black places in the hearts of men - and change some things in some people. Perhaps others may see and do likewise. This is what I am about. This is the meaning of my life."

And then he took his small mirror and, holding it carefully, caught the bright rays of daylight streaming through the window and reflected them onto my face and onto my hands folded on the desk."
- Robert Fulghum, 
"It Was On Fire When I Lay Down On It"

The Daily "Near You?"

Irwin, Pennsylvania, USA. Thanks for stopping by!

The Poet: Stephen Levine, "Half Life"

"Half Life"

 "We walk through half our life
as if it were a fever dream,
barely touching the ground,
our eyes half open,
our heart half closed.
Not half knowing who we are,
we watch the ghost of us drift
from room to room,
through friends and lovers
never quite as real as advertised.
Not saying half we mean
or meaning half we say,
we dream ourselves
from birth to birth
seeking some true self.
Until the fever breaks
and the heart can not abide
a moment longer
as the rest of us awakens,
summoned from the dream,
not half caring for anything but love."

~ Stephen Levine

"The Only Time..."

"If you were going to die soon and had only one phone call
 you could make, who would you call and what would you say? 
And why are you waiting?"
- Stephen Levine

"Idiocracy - Federal Government Actively Seeking Workers With 'Severe Intellectual Disabilities' To Run Key Agencies"

"Idiocracy - Federal Government Actively Seeking 
Workers With 'Severe Intellectual Disabilities' To Run Key Agencies"
by Mike Adams

"In the latest shocking reveal, the federal government is actively recruiting people who are cognitively retarded to work at key agencies such as the FAA. Idiocracy is becoming the government's actual hiring policy, all while white people are displaced because they don't offer any "virtue signaling" points to federal agencies. We are watching the insanity on full display now as the US empire accelerates its final chapter of systemic collapse."
View video here:
As the Mogambo Guru said, "We're so freakin' doomed!"

"How It Really Is"

"Anyone Who Isn't Confused..."

"Anyone who isn't confused really doesn't understand the situation."
- Edward R. Murrow

"When We Can No Longer Tell the Truth "

"When We Can No Longer Tell the Truth"
by Charles Hugh Smith

"When we can no longer tell the truth because the truth will bring the whole rotten, fragile status quo down in a heap of broken promises and lies, we've reached the perfection of dysfunction. You know the one essential guideline to leadership in a doomed dysfunctional system: when it gets serious, you have to lie. In other words, the status quo's secular goddess is TINA - there is no alternative to lying, because the truth will bring the whole corrupt structure tumbling down.

This core dynamic of dysfunction is scale-invariant, meaning that hiding the truth is the core dynamic in dysfunctional relationships, households, communities, enterprises, cities, corporations, states, alliances, nations and empires: when the truth cannot be told because it threatens the power structure of the status quo, that status quo is doomed.

Lies, half-truths and cover-ups are all manifestations of fatal weakness. What lies, half-truths and cover-ups communicate is: we can no longer fix our real problems, and rather than let this truth out, we must mask it behind lies and phony reassurances.

Truth is power, lies are weakness. All we get now are lies, statistics designed to mislead and phony reassurances that the status quo is stable and permanent. The truth is powerful because it is the core dynamic of solving problems. Lies, gamed statistics and false reassurances are fatal because they doom any sincere efforts to fix what's broken before the system reaches the point of no return.

We are already past the point of no return. The expediency of lies has already doomed us.

Honest accounts of hugely successful corporations that implode share one key trait: in every case, managers were pressured to hide the truth from top management, which then hid the truth from investors and clients. is the key dynamic in failed oligarchies as well: if telling the truth gets you sent to Siberia (or worse), then nobody with any instinct for self-preservation will tell the truth. If obscuring the truth saves one's job, then that's what people do. That this dooms the organization is secondary to immediate self-preservation.

A distorted sense of loyalty to the family, community, company, institution, agency or nation furthers lying as the  solution to unsavory problems. Daddy a drunk? Hide the bottle. Church a hotbed of adultery and thieving? Maintain the facade of holiness at all costs. Company products are failing? Put some lipstick on the pig. The statistical truth doesn't support the party's happy story? Distort the stats until they do what's needed. The agency failed to fulfill its prime directive? Blame the managerial failure on a scapegoat.

Pathological liars and cheats rely on self-preservation and misplaced loyalty to mask their own failure and corruption. A hint here, a comment there, and voila, a culture of lying is created and incentivized.

Obscuring the truth is the ultimate short-term expediency. Now that it's serious, we have to lie. We'll start telling the truth later, we say, after everything's stabilized, we hope. But lying insures nothing can ever be truly stabilized, so there will never be a point at which the system is strong enough and stable enough to survive the truth.

We are now an empire of lies. The status quo,politically, socially and economically, depends on lies, half-truths, scapegoats and cover-ups for its very survival. Any truth that escapes the prison of lies endangers the entire rotten edifice.

In an empire of lies, leaders say what people want to hear. This wins the support of the masses, who would rather hear false reassurances that require no sacrifices, no difficult trade-offs, no hard choices, no discipline. The empire of lies is doomed. Lies are weakness, and they prohibit any real solutions. Truth is power, but we can no longer tolerate the truth because it frightens us. Our weakness is systemic and fatal."

Dan, I Allegedly, "There is a New Dire Warning"

Full screen recommended.
Dan, I Allegedly 1/14/24
"There is a New Dire Warning"
"Bill Gross, the esteemed bond billionaire, is sounding the alarm bells, urging everyone to shield their finances from the waves of layoffs and the worst inflation we've seen in years. This isn't just another investment tip; it's a red alert for anyone looking to navigate these rocky economic waters."
Comments here:

Bill Bonner, "Gunning for America"

"Gunning for America"
In a blaze of war and inflation,
 the empire leads the world to conflict...
by Bill Bonner

Baltimore, Maryland - “For the first time in 20 years, the US is not at war…we’ve turned the page,” said the commander in chief on the 21st of September, 2021. But last week, Biden turned another page: Dem, GOP Lawmakers say Biden had no authority to launch Yemen strikes, fears of escalation to a regional war are running high

Members of Congress from both sides of the aisle Thursday night were lambasting the Biden administration for not getting congressional approval before moving ahead with military strikes against Houthi targets in Yemen. “Only Congress has the power to declare war,” posted Kentucky Republican Rep. Thomas Massie. “I have to give credit to @RepRoKhanna here for sticking to his principles, as very few are willing to make this statement while their party is in the White House.”

“Why don’t you stick to finance,” is a question that comes from readers from time to time. The answer: we’d love to. But two great questions hang in the balance. The first is whether international conflicts can be resolved by a ‘rules-based order?’ The second is like unto it; can an extraordinary debt pile be managed – by a rich, advanced nation – without resorting to inflation? Both questions put in doubt the competence and goodwill of our leaders.

“Peak America”: Deep down in the megapolitical mulch, the roots of finance and politics intertwine, competing for nutrients. Politicians rely on finance for Big Money. Big Money relies on politicians for wars and special favors.

Our guess is that we’ve already seen “Peak America” in the late ‘90s. That was the best time – ever – to sell US equities. The Dow was trading at over 40 ounces of gold. So, if you had $100,000 in stocks…and you traded them for gold, you would have gotten 357 ounces. If you’d left your money in stocks, it would have grown from $100,000 to over $370,000 over the next 23 years. Not bad. But your gold coins would have gone from $280 per ounce in 1999 to over $2,000 an ounce today, turning your $100,000 into $714,000.

The Soviet Union had ended the Cold War by dissolving itself. The US should have enjoyed a ‘peace dividend’…and should have used it to pay down debt, fix problems at home, and increase the value of its industries and the earnings of their employees.

But no…it was too late. By then, Americans had begun to think like the citizens of a late, degenerate empire; they sought protection from the outside world, not access to its markets. And they believed problems could be solved not by diplomacy and honest bargaining, but with firepower. Their movies signaled the glory of the Pentagon. Their sports events saluted the uniforms. And the ‘defense industry’ had so many members of Congress in its pocket that it could barely find its car keys. Threats to America went down, but military spending went up, and the opportunity was lost. Debt grew by $29 trillion so far this century.

And during that time, in the real-est terms possible, the value of America’s equity – the crème de la crème of its public businesses – fell by half. The US squandered its ‘peace dividend’ by starting a pointless war against ‘terrorism.’ It bungled up its economy with fake money and fake interest rates. It added more ‘stimulus’ to its economy than the world had ever seen, but it didn’t stimulate; it sedated. Growth rates fell from an average around 2.5% in the 1990s to only about 1.5% now. And the US also wasted its position as the leader of the ‘free world,’ by imposing sanctions, sponsoring nonsensical wars, and putting whistleblowers in jail and scoundrels in public office.

An Inglorious Blaze: In other words, it did what major empires tend to do…it headed down in a blaze of war and inflation. To the typical American, the US bombing of the Houthis is another battle of good vs. evil…right vs. wrong…the rule of law vs. terrorism. But nature is much too mischievous to deliver up her gifts so neatly wrapped.

More or less at the same time the US and Britain were hammering the Houthis, the International Court of Justice was taking up a claim, by South Africa, that the Israelis were committing genocide, aided and abetted by the USA. If the charge sticks, the government of Yemen – according the Genocide Convention – has not only the right, but the duty, to interdict shipping to Israeli ports.

Right? Wrong? Good? Bad? It might be easy to see world events in those terms. That’s the way, for example, that the Houthis see things:

God is the Greatest
Death to America
Death to Israel
A Curse Upon the Jews
Victory to Islam

Gunning Up: But everyone has his own simpleminded fantasies and prejudices. And there’s always more to the story. More importantly, what we see is the whole world ‘gunning up’ – led…or prompted…by the US. And there are more people gunning for the USA than ever before. America is providing firepower on a scale not seen since WWII. The rest of the world believes it needs firepower of its own. People do not believe they can trust the US or the ‘rules-based order’ to protect them. They guard their homes with Smith and Wesson…and their countries with missiles and tanks.

It has been two generations since the bloodbath of the 1940s. People now see violence as a reasonable…perhaps necessary…way to get what they want. Where this leads, we don’t know. But it could very well result in more violence, not less, and a further mark-down in the real value of US equities. In the meantime, let’s keep our eyes open...and the ammo near-to-hand."

Jim Kunstler, "Cheers to You, WEFers of Davos!"

"Cheers to You, WEFers of Davos!"
by Jim Kunstler

“I have decided to unilaterally rebrand Disease X! 
It is now Disease DIC! Debt Implosion Cover-up” 
- Edward Dowd

"The nabobs and panjandrums of the World Economic Forum (WEF) meet up at Davos, Switzerland, the next several days to lay plans for their next assault on humanity. This year’s theme is “Rebuilding Trust.” Did you just blow your coffee through your nose? The outfit that coordinated the world-wide Covid-19 response (that perhaps birthed the very concept of Covid-19 itself), and especially pushed mRNA vaccines on the credulous global public - this gang of super-wealthy, super-connected, super-important celebrity punks, poohbahs, pricks, and predators wants a cuddle.

This Davos crowd - moiling around the opening soirée amid drool-worthy trays of crab puffs, asparagus gougères, lobster crostini, waygu morsels, Prosciutto-Fig bites, chickpea panisse, stuffed castelvetrano olives, wild boar and quinoa dolmas, fava bean puree toasts, pigeon pea fritters, and Nürnberger rostbratwurst pigs-in-a-blanket, all washed down by bottomless flutes of Roederer Cristal Millésime Brut - could not stop chattering about the debut of the latest viral confection, “Disease X”, said to be twenty times deadlier than Covid-19.

Imagine the opportunities this one will provide for the WEF’s Davos prom date, the World Health Organization (WHO). And just in time to create enough hysteria for the May vote on the new WHO treaty binding the world’s governments to its pandemic diktats. In that new disposition of things, whatever Tedros Adhanom Ghebreyesus says, goes! Lockdowns. Quarantine camps. Mandatory (improved) safe-and-effective vaccines. Nevermind what the actual citizens of Countries A, B, or C might otherwise decide for themselves under the obsolete system of national sovereignty. Follow the science, useless eaters of the world! (And please quit carping about it!)

Any resemblance of “Disease X” to the remaining global free speech platform (Elon Musk’s X, formerly Twitter), is just another bothersome conspiracy theory. Of course, theories imply the discovery of proofs, and it so happens that the unelected European Commission, under its Digital Services Act (passed in Nov., 2022), has already threatened Mr. Musk’s X to remove so-called hate speech, illegal content, and disinformation or face a fine amounting to 6-percent of its annual global revenue. Hate speech and disinfo are whatever the EU says it is, including information that is true but disagreeable to the agenda of all supranational orgs such as the EU, the WEF, and the WHO. Reminds us of something Pete Hogwallop once said to Ulysses E, McGill:
Last time around, those mRNA vaccines made by Pfizer and Moderna proved to be super-effective at one thing: disordering all the cells and organs in the human body so as to produce a severe auto-immune reaction resulting in death and disability. The artificial spike protein replication induced by the vaxxes has a special yen for heart tissue, the linings of blood vessels, and the reproductive organs - thus, all those world-class soccer players dropping dead in mid-kick, all the massive clots the size of shipworms discovered by the morticians, and all the spontaneously aborted babies over the past three years.

By the way, having seen all this, the CDC Director, Mandy Cohen, is still pushing “updated” mRNA shots, down to six-month-old babies. No, I’m not making this up. Read the CDC’s latest recommendations, released five days ago:
Click image for larger size.
It happens that Dutch virologist Geert Vanden Bossche warned a month ago that - per his earlier warnings about the dangers of vaccinating into the teeth of a pandemic - the world can expect a soon-to-come crisis of 30-to-40 percent mortality in highly vaccinated countries with the emergence of a new Covid variant that won’t be stopped by vaxx-damaged immune systems. Let that sink in. It means not just a bone-chilling, unprecedented mega-wave of deaths, but the likely disfunction of every complex system that advanced nations depend on for normal operation as the people who know how to run them succumb. That is, farewell to normal modern life as we have known it. Geert’s just sayin’.

It’s even possible that some of the things that cease operation will include the WEF, the WHO, the EU, and the CDC, considering their presumably multi-vaxxed and boosted members. Enjoy the scrumptious canapés while you can, ladies and gentlemen of Davos. We’ll meet again, don’t know where, don’t know when."

Sunday, January 14, 2024

Jeremiah Babe, "Credit Card Companies Are Cutting Credit Lines; Shipping Costs Soaring 300%; Inflation Will Soar"

Jeremiah Babe, 1/14/24
"Credit Card Companies Are Cutting Credit Lines; 
Shipping Costs Soaring 300%; Inflation Will Soar"
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Musical Interlude: Vangelis, "Space, Time Continuum"

Full screen recommended.
Vangelis, "Space, Time Continuum"

"A Look to the Heavens"

“Here in the Milky Way galaxy we have astronomical front row seats as M81 and M82 face-off, a mere 12 million light-years away. Locked in a gravitational struggle for the past billion years or so, the two bright galaxies are captured in this deep telescopic snapshot, constructed from 25 hours of image data.
Their most recent close encounter likely resulted in the enhanced spiral arms of M81 (left) and violent star forming regions in M82 so energetic the galaxy glows in X-rays. After repeated passes, in a few billion years only one galaxy will remain. From our perspective, this cosmic moment is seen through a foreground veil of the Milky Way's stars and clouds of dust. Faintly reflecting the foreground starlight, the pervasive dust clouds are relatively unexplored galactic cirrus, or integrated flux nebulae, only a few hundred light-years above the plane of the Milky Way.”