Monday, August 2, 2021

"Economic Market Snapshot PM 8/2/21"

"Economic Market Snapshot PM 8/2/21"
"Capitalism is the astounding belief that the most wickedest of men will
do the most wickedest of things for the greatest good of everyone."
- John Maynard Keynes
"Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
Your guide:
Gregory Mannarino, AM 8/2/21:
"Critical Must Know Now Updates! 
Crypto, Stocks, Market, The Fed, More"
"The more I see of the monied classes,
the better I understand the guillotine."
- George Bernard Shaw
MarketWatch Market Summary, Live Updates

CNN Market Data:

CNN Fear And Greed Index:
A comprehensive, essential daily read.
July 30th to August 2nd, Updated Daily
Financial Stress Index
"The OFR Financial Stress Index (OFR FSI) is a daily market-based snapshot of stress in global financial markets. It is constructed from 33 financial market variables, such as yield spreads, valuation measures, and interest rates. The OFR FSI is positive when stress levels are above average, and negative when stress levels are below average. The OFR FSI incorporates five categories of indicators: credit, equity valuation, funding, safe assets and volatility. The FSI shows stress contributions by three regions: United States, other advanced economies, and emerging markets."
Daily Job Cuts
Commentary, highly recommended:
And now, the End Game...
Oh yeah...

"The Economy is Falling Apart Like Never Before - The Endgame is Starting"

Full screen recommended.
Dan, iAllegedly, AM 8/2/21:
"The Economy is Falling Apart Like Never Before - 
The Endgame is Starting"
"The Economy is falling apart right before our eyes. The moratorium for rent and mortgage forbearance has ended. There will be local jurisdictions that try to stop the inevitable. Eventually this will not work. It’s going to be an eviction tsunami. We are in Laguna Beach, CA."
And while you're literally fighting for your life...

Sunday, August 1, 2021

"When Society Collapses, Will The United States Be One Of The Best Places To Be Located?"

Full screen recommended.
"When Society Collapses, Will The United States 
Be One Of The Best Places To Be Located?"
by Epic Economist

"In the back of our minds, most of us already know that a societal collapse that will mark the end of the world as we know it is just a matter of time. And when that day comes, where would you want to be? We have to admit that given how rapidly things are spiraling out of control, playing worst-case scenarios in our heads is a form of imagining what we could do after we realize society has started to fall apart in an irreversible manner. Global events are getting crazier, scarier, and significantly more threatening with each passing day, and to make it even worse, the current crisis is a clear demonstration that our leaders are terribly unprepared to deal with the unexpected. According to several scientists and researchers, we're right on track to witness the total collapse of our modern civilization, and ever since the health crisis erupted all over the planet, we entered a highway that doesn’t lead us anywhere good, and it won't take too long before the world is forced to face a reckoning. When widespread chaos takes over, and everyone starts to panic, where are you going to be?

That's the question scientists have tried to answer in a recent study in which they tried to determine the best place to be at during a global societal collapse. According to the study, the best possible locations to be living in when the world goes totally haywire is New Zealand, followed by Iceland, the UK, Tasmania and Ireland. The researchers noted that human civilization was currently “in a perilous state due to the highly interconnected and energy-intensive society that had developed and the environmental damage this had caused". They highlighted that a collapse could be triggered by shocks, such as a ravaging financial crisis, the worsening of the climate crisis, a much more contagious virus outbreak, or a combination of all of these factors. The beginning of the meltdown would be marked by disrupted supply chains and the deterioration of international agreements that help trade among countries. Such turmoil would crash the global financial system in a heartbeat.

To come up with the final results, the researchers had to evaluate which nations would be most resilient to such a collapse, so they ranked countries according to their ability to grow food for their population, protect their borders from unwanted mass migration, and maintain an electrical grid and some manufacturing ability. When they were asked about America, the researchers said that our country's giant land borders would compromise our ability to prevent mass migration from people who would be trying to escape climate disasters in their own countries. Millions of people could cross the southern border from Mexico or the northern border from Canada, for instance. And those vulnerabilities pushed the United States out of the top 5. In fact, there are many other factors that need to be considered which should push the U.S. way down the list.

For instance, during the heated demonstrations we witnessed in 2020, we had a taste of the potential for generalized disorder we have in this country. Major cities were in total chaos as demonstrators destroyed and burned monuments, vehicles, and stores. Since that time, we have been experiencing a worrying spike in the number of offenses. Needless to say, our core urban areas should be avoided when things start falling apart. Our susceptibility to natural disasters is another crucial factor. Only this year, we have seen the worst drought on record, catastrophic wildfires, and a truly alarming water crisis. On Thursday, we had another example of our growing instability as Alaska was hit by a magnitude 8.2 earthquake, the largest earthquake to hit the U.S. since 1965. The brutal tremor triggered a tsunami warning and local evacuations along the southwest Gulf of Alaska coast after massive tsunami waves approached the shore.

Jeremy Zidek, a spokesman for the Alaska Division of Homeland Security and Emergency Management, said the damages from the earthquake will be revealed throughout the week.

Sadly, considering how severe the climate crisis is getting, this is just the beginning. Economic and political tensions with other countries are also a factor to be considered, after all, it's very unlikely a global societal collapse would happen amid peaceful times. And if a major conflict erupts, the U.S. will probably be right in the middle of it. All of this means that many of the dangerous global trends we have been seeing develop over the course of several decades are now starting to accelerate, which is to say that the hour is late, and our time to get ready for the collapse of our civilization is rapidly running out."

"Game Over, Millions Of Evictions Begin; War On Home Ownership, Foreclosures Next; Banks Buy It All"

Jeremiah Babe, PM 8/1/21:
"Game Over, Millions Of Evictions Begin; 
War On Home Ownership, Foreclosures Next; Banks Buy It All"

Musical Interlude: Gnomusy, "Dolmen Ridge"

Gnomusy, "Dolmen Ridge"

"A Look to the Heavens"

"The photographer had this shot in mind for some time. He knew that objects overhead are the brightest - since their light is scattered the least by atmospheric air. He also that knew the core of our Milky Way Galaxy was just about straight up near midnight around this time of year in South Australia. Chasing his mental picture, he ventured deep inside the Kuipto Forest where tall radiata pines blocked out much of the sky - but not in this clearing. There, through a window framed by trees, he captured his envisioned combination of local and distant nature. Sixteen exposures of both trees and the Milky Way Galaxy were recorded. 
Antares is the bright orange star to left of our Galaxy's central plane, while Alpha Centauri is the bright star just to the right of the image center. The direction toward our Galaxy's center is below Antares. Although in a few hours the Earth's rotation moved the Galactic plane up and to the left - soon invisible behind the timber, his mental image was secured forever - and is featured here."

"Life Comes at You Fast, So You Better Be Ready"

"Life Comes at You Fast, So You Better Be Ready"
by Ryan Holiday

"In 1880, Theodore Roosevelt wrote to his brother, “My happiness is so great that it makes me almost afraid.” In October of that year, life got even better. As he wrote in his diary the night of his wedding to Alice Hathaway Lee, “Our intense happiness is too sacred to be written about.” He would consider it to be one of the best years of his life: he got married, wrote a book, attended law school, and won his first election for public office.

The streak continued. In 1883, he wrote “I can imagine nothing more happy in life than an evening spent in the cozy little sitting room, before a bright fire of soft coal, my books all around me, and playing backgammon with my own dainty mistress.” And that’s how he and Alice spent that cold winter as it crawled into the new year. He wrote in late January that he felt he was fully coming into his own. “I feel now as though I have the reins in my hand.” On February 12th, 1884 his first daughter was born.

Two days later, his wife would be dead of Bright’s disease (now known as kidney failure). His mother had died only hours earlier in the same house, of typhoid fever. Roosevelt marked the day in his diary with a large “X.” Next to it, he wrote, “The light has gone out of my life.” As they say, life comes at you fast. 

Life comes at us fast, don’t it?  It can change in an instant. Everything you built, everyone you hold dear, can be taken from you. For absolutely no reason. Just as easily, you can be taken from them. This is why the Stoics say we need to be prepared, constantly, for the twists and turns of Fortune. It’s why Seneca said that nothing happens to the wise man contrary to his expectation, because the wise man has considered every possibility—even the cruel and heartbreaking ones.

And yet even Seneca was blindsided by a health scare in his early twenties that forced him to spend nearly a decade in Egypt to recover. He lost his father less than a year before he lost his first-born son, and twenty days after burying his son he was exiled by the emperor Caligula. He lived through the destruction of one city by a fire and another by an earthquake, before being exiled two more times.

One needs only to read his letters and essays, written on a rock off the coast of Italy, to get a sense that even a philosopher can get knocked on their ass and feel sorry for themselves from time to time.

What do we do? Well, first, knowing that life comes at us fast, we should be always prepared. Seneca wrote that the fighter who has “seen his own blood, who has felt his teeth rattle beneath his opponent’s fist… who has been downed in body but not in spirit…” - only they can go into the ring confident of their chances of winning. They know they can take getting bloodied and bruised. They know what the darkness before the proverbial dawn feels like. They have a true and accurate sense for the rhythms of a fight and what winning requires. That sense only comes from getting knocked around. That sense is only possible because of their training.

In his own life, Seneca bloodied and bruised himself through a practice called premeditatio malorum (“the premeditation of evils”). Rehearsing his plans, say to take a trip, he would go over the things that could go wrong or prevent the trip from happening - a storm could spring up, the captain could fall ill, the ship could be attacked by pirates, he could be banished to the island of Corsica the morning of the trip. By doing what he called a premeditatio malorum, Seneca was always prepared for disruption and always working that disruption into his plans. He was fitted for defeat or victory. He stepped into the ring confident he could take any blow. Nothing happened contrary to his expectations.

Second, we should always be careful not to tempt fate. In 2016 General Michael Flynn stood on the stage at the Republican National Convention and led some 20,000 people (and a good many more at home) in an impromptu chant of “Lock Her Up! Lock Her Up!” about his enemy Hillary Clinton. When Trump won, he was swept into office in a whirlwind of success and power. Then, just 24 days into his new job, Flynn was fired for lying to the Vice President about conversations he’d had with Sergey Kislyak, the Russian ambassador to the United States. He would be brought up on charges and convicted of lying to the FBI.

Life comes at us fast… but that doesn’t mean we should be stupid. We also shouldn’t be arrogant.

Third, we have to hang on. Remember, that in the depths of both of Seneca’s darkest moments, he was unexpectedly saved. From exile, he was suddenly recalled to be the emperor’s tutor. In the words of the historian Richard M. Gummere, “Fortune, whom Seneca as a Stoic often ridicules, came to his rescue.” But Churchill, as always, put it better: “Sometimes when Fortune scowls most spitefully, she is preparing her most dazzling gifts.”

Life is like this. It gives us bad breaks - heartbreakingly bad breaks - and it also gives us incredible lucky breaks. Sometimes the ball that should have gone in, bounces out. Sometimes the ball that had no business going in surprises both the athlete and the crowd when it eventually, after several bounces, somehow manages to pass through the net.

When we’re going through a bad break, we should never forget Fortune’s power to redeem us. When we’re walking through the roses, we should never forget how easily the thorns can tear us upon, how quickly we can be humbled. Sometimes life goes your way, sometimes it doesn’t.

This is what Theodore Roosevelt learned, too. Despite what he wrote in his diary that day in 1884, the light did not completely go out of Roosevelt’s life. Sure, it flickered. It looked like the flame might have been cruelly extinguished. But with time and incredible energy and force of will, he came back from those tragedies. He became a great father, a great husband, and a great leader. He came back and the world was better for it. He was better for it.

Life comes at us fast. Today. Tomorrow. When we least expect it. Be ready. Be strong. Don’t let your light be snuffed out.

"You May Wonder..."

"You may wonder about long-term solutions. I assure you, there are none. All wounds are mortal. Take what's given. You sometimes get a little slack in the rope but the rope always has an end. So what? Bless the slack and don't waste your breath cursing the drop. A grateful heart knows that in the end we all swing."
- Stephen King

The Daily "Near You?"

Gilmer, Texas, USA. Thanks for stopping by!

"We Are All..."

"We are all of us born, live and die in the shadow
of a giant question mark that refers to three questions:
Where do we come from?
Why?
And where, oh where, are we going?"
- Tennessee Williams

"Will Most Of The U.S. Be Locked Down For Much Of The Second Half Of 2021?

"Will Most Of The U.S. Be Locked Down 
For Much Of The Second Half Of 2021?"
by Michael Snyder

"For most of the first half of 2021, the vast majority of Americans believed that the COVID pandemic was nearly over. But now the Delta variant has changed everything. We are being told that the number of confirmed cases is absolutely skyrocketing, and new mandates and restrictions are now being instituted all over the nation. If the number of newly confirmed cases each day continues to rise, could we also see a return of widespread lockdowns and school closings? Such a notion would have been unimaginable just a few weeks ago, but now the Biden administration is openly admitting that it is a possibility… "White House principal deputy press secretary Karine Jean-Pierre said Thursday that the Biden administration will continue to “listen to the scientists” when it comes to potential future lockdowns and school closures."

And as he was leaving for Camp David on Friday, Joe Biden made another comment which has a lot of people wondering what is coming next… "President Joe Biden signaled the onset of more restrictions to stem the spread of COVID-19 as the highly contagious delta variant rips through the nation. While departing for Camp David on Friday, the commander in chief shouted a response to a reporter who asked if people should expect tougher constraints than what’s already been implemented. “In all probability,” he replied."

Of course Joe Biden does not have the authority to order lockdowns in every state. Ultimately, it will be up to individual state governors to order new lockdowns, but if the Biden administration recommends lockdowns most of them will fall in line. In addition, on Thursday Biden seemed to suggest that the idea of some sort of a nationwide vaccine mandate is being explored… "Asked about doing even more to get people vaccinated through mandates by states, localities, and businesses, Biden said he wants them to ‘continue to move in that direction.’ He also didn’t rule out the idea of a national mandate, though he wouldn’t vouch for the authority. ‘It’s still a question of whether the federal government can mandate the whole country. I don’t know that yet.’

Such a mandate would surely be challenged in court, but as CNN has explained, the Biden administration may not need to issue a nationwide mandate because so many private employers are now mandating the vaccine… "The CNN article, however, contends it may not even be necessary for the federal government to do something as radical as mandating the vaccine, suggesting it may become nearly impossible to participate in everyday life without one if employers, stores, and hospitals impose requirements one by one. “The federal government may not try to force people to get the Covid vaccine,” the report reads. “And it may not have to.” “Your employer, the restaurant where you want to eat, the concert venue you want to visit or the country where you want to travel may do it for them,” it adds."

At this point, many of the biggest employers in America have already pulled the trigger. Walmart is the largest employer in the country, and on Friday they announced a very strict new vaccine policy… "Walmart Chief Executive Doug McMillon said Friday the retailer’s corporate staff as well as its management-level employees must be vaccinated against Covid-19 by Oct. 4, according to a memo obtained by CNBC. The mandate applies to all home office associates, in addition to market, regional and divisional employees who work in multiple facilities, the nation’s largest private employer said.

Disney also announced a very broad vaccine mandate on Friday… "The Walt Disney Company said Friday it is requiring all salaried and non-union hourly employees in the U.S. to be fully vaccinated against the coronavirus by the end of September. Employees who are still working from home will be required to provide verification of vaccination prior to returning to any Disney sites, including theme parks and offices."

Many big tech companies are jumping on board as well. For example, Facebook will be requiring “anyone coming to work” to be vaccinated… "Facebook will require U.S. workers returning to its offices to be vaccinated, the company said on Wednesday. “As our offices reopen, we will be requiring anyone coming to work at any of our US campuses to be vaccinated,” VP of People Lori Goler said in a statement."

Needless to say, people that refuse to take the vaccines will find their employment options increasingly limited in the months ahead. Meanwhile we received some very interesting news about the Delta variant on Friday. The following comes from CNBC… "About three-fourths of people infected in a Massachusetts Covid-19 outbreak were fully vaccinated against the coronavirus with four of them ending up in the hospital, according to new data published Friday by the Centers for Disease Control and Prevention. The new data, published in the U.S. agency’s Morbidity and Mortality Weekly Report, also found that fully vaccinated people who get infected carry as much of the virus in their nose as unvaccinated people, and could spread it to other individuals."

Sadly, these numbers from Massachusetts appear to fit very well with a pattern that is emerging nationwide. The following comes from NBC News… "At least 125,000 fully vaccinated Americans have tested positive for Covid and 1,400 of those have died, according to data collected by NBC News."

Those numbers are really shocking.

So how bad will things get in the months ahead? Many Americans had been hoping for a return to normalcy, but as I keep warning, our world is only going to get even weirder in the years ahead. At this point, we have entered a chapter in our history when change is happening faster than ever before. In particular, this pandemic has radically transformed our society in a very short period of time, and it has become clear that it isn’t even close to being over."
Related:


Related, essential:

A Counter-The-Doom-And-Gloom Musical Interlude: Talking Heads, "Life During Wartime"

Full screen!
Talking Heads, "Life During Wartime",
LIVE at Pantages Theater, Los Angeles '83

"How It Really Is"

 

Really? Well you can forget that...

Gregory Mannarino, AM 8/1/21: "Markets, A Look Ahead"

Gregory Mannarino, AM 8/1/21:
"Markets, A Look Ahead"

Saturday, July 31, 2021

Greg Hunter, "Fed Trying to Keep Economy from Collapse – John Williams"

"Fed Trying to Keep Economy from Collapse – John Williams"
By Greg Hunter’s USAWatchdog.com

"Economist John Williams, founder of ShadowStats.com, says the economy is much weaker than it appears. Williams cuts through the phony gimmicked government numbers to give a true economic picture. His analysis shows the economy is already slowing down anew. This is why the Fed just announced it will not be ending the massive money printing and start the so-called “taper” anytime soon. Williams explains, “What they are doing right now is trying to keep economic activity from collapsing. At the same time, all that they are doing in the way of spending and what the Fed is doing with all this money creation is triggering inflation. Inflation in the GDP was at a 40 year high. This is not a good sign because the inflation is difficult to bring under control once it’s out of control. We are getting very close to that. Inflation is around 13% the way I measure it.”

Is the inflation going to be “transitory” as the Fed keeps telling us? Williams says “No,” and goes on to say, “Inflation keeps going up. In Social Security, you might get a 7% bump, but you might be at 20% inflation next year. I think we are still at high risk of this evolving into a hyperinflation. Fed Head Powell just said inflation could be more serious than they are projecting, but if the Fed was convinced of that, they would take action to bring it under control. We will see what happens.”

If the Fed actually had to start fighting inflation, would they crash the economy? Williams says, “Probably. This is why the Fed is doing what it is doing because they don’t want to crash the economy. The economy is not as advertised. The Fed sees two things: One, they still see a very weak economy despite the happy GDP numbers this week. They also want to see full employment, and they don’t see that until 2022 or 2023. So, they are going to keep their easy money policies in effect. They are going to keep printing the money. They are putting the money into the system to keep the system liquid. It’s not a stable circumstance. We do not have a normal economy yet, and we don’t have normal financial markets. It’s unstable times. I would protect myself and I would be holding silver and gold. The reason I suggest this is if we get into a really bad inflation here, something like a hyperinflation, which I think is a real risk, the precious metals will tend to maintain their purchasing power. Weimar Germany in the early 1920’s effectively devolved into a barter system. Gold and silver will retain their value.”

Williams is still predicting “In early 2022, I am looking for something close to a hyperinflationary circumstance and effectively a collapsed economy.”

Join Greg Hunter on Rumble as he goes One-on-One 
with John Williams, founder of ShadowStats.com.

"One Lockdown From Disaster"

"One Lockdown From Disaster"
by MN Gordon

"The popular economic tune being played by the popular press drones on. You know the melody by now…That the post-pandemic boom is alive and well. That growth is enduring. That blue skies are here to stay. If you listen closely, however, several notes ring sour.

The Commerce Department reported on Thursday that second quarter gross domestic product (GDP) increased at an annualized rate of 6.5 percent. This may sound good, initially. But economists with Dow Jones had estimated an 8.4 percent Q2 GDP increase. Once again, extreme fiscal stimulus, at the expense of a long term debt burden, drifted off key.

The monetary policy refrain was also lacking. This week, at the Federal Open Market Committee meeting press conference, Fed Chair Jay Powell remarked that, “we’re some way away from having had substantial further progress toward the maximum employment goal.”

Thus the Fed will continue to hold the federal funds rate near zero and will continue creating credit from thin air at a rate of $120 billion per month to purchase Treasuries and mortgage backed securities in the amounts of $80 billion and $40 billion, respectively. By now these damaging actions have become exceedingly mindless. The aim for maximum employment will ultimately prove to be a shortsighted calamity.

If the economy was really strengthening, the Fed would be tapering back these security purchases and even normalizing its balance sheet. At the very least, it would be talking about tapering. But the economy’s not really strengthening at all. Rather, the economy and financial markets, handicapped by extreme intervention, are entirely dependent on this monetary stimulus. And there’s no easy way out…

Woke and Enlightened:The Fed’s predicament tightens by the day. Take away the monetary crutches and the Fed risks a catastrophic financial meltdown. Yet keep them in place for too long and the Fed risks a significant dollar devaluation. These, no doubt, are the disagreeable options that remain following decades of the Fed’s erudite handiwork.

The promise of planning the economy via monetary policy, like the promise of gun control or mandatory mask mandates, is a farce. The body of empirical evidence – the science – shows that monetary policy fails to smooth out the ups and downs of the business cycle. Moreover, by intervening in credit markets, the Fed actually intensifies the booms and busts.

Still, central planning via the Fed is not the only madness one must contend with. There’s a whole army of planners in Congress and dispersed throughout the government’s countless agencies and bureaucracies working overtime to steal your wealth and freedom. Today’s central planners and social engineers are especially special. They’re woke…and progressive.

They slog away in home offices with central air conditioning, as they swig chilled seltzers and munch on fresh, refrigerated grapes. Their privilege is both sweet and juicy. Yet all the while, they bemoan the cruelty of unequal outcomes. "Why can’t others get paid by the government to munch on grapes from home too?” they ask.

These wokesters jump from one zoom call to the next, figuring new legislation to redirect the flow of money to somehow make society more equitable. You see, equality under the law is not good enough. Charges of systemic racism and white privilege must be overcome with government directed outcomes that are, somehow, morally equitable. Partiality centered on an extreme fixation upon micro gradations of skin color is the great cause of the woke and enlightened.

One Lockdown from Disaster: Implicit to the planner’s toils, is a shared sense that they know how to spend your money better than you. At best, the central planners call your money to Washington so they can then distribute it back to your friends and neighbors. In reality, the lawmakers call your money to Washington where they distribute it to their friends and neighbors – not yours.

This is not a matter of opinion. It’s a matter of fact. Could it really be a coincidence that the top three wealthiest counties in the country are in the shadow of the Capitol in the D.C. suburbs? What it is exactly that the residents of these counties do that’s of tangible value is unclear. However, what is clear is that phony government jobs in Loudoun County, Falls Church, and Fairfax County, Virginia, pay big bucks.

This week a bipartisan group of senators reached an agreement to advance a $1.2 trillion infrastructure bill, of which $550 billion is in new spending. The rest of the package uses previously approved spending, though we can’t tell if this is for infrastructure or something else.

Regardless, this government-directed stimulus will further the economy’s dependence on federal spending. Workers will base their livelihoods on these projects. Many will be boondoggles. Some may provide useful assets. They will all contribute to an economy that’s ultimately doomed, where debt well outpaces GDP.

But wait, there’s more… Navigating its way through Congress after the infrastructure bill is the $3.5 trillion budget reconciliation plan, which focuses on something called ‘human infrastructure.’ This plan is slated to include complete giveaways for health care, paid family leave, education and climate change, among other things. Make of it what you will. Physical infrastructure. Human infrastructure. Debt. Deficits. Nonstop money printing. Price inflation. Woke central planners. Economic stagnation. Delta variant. Perpetual dependency.

If that’s not enough, with each passing day it appears more and more likely the CDC will goad the Biden administration into another lockdown. And at this point, we may just be one lockdown from disaster."

"How Taiwan Will Fall Into Beijing’s Lap, Like an Overripe Mango"

"How Taiwan Will Fall Into Beijing’s Lap, 
Like an Overripe Mango"
by Fred Reed

"I will now explain war, or some of it. If you wonder how some mutt in Mexico with a computer thinks he knows about strategy, well, look at what we have in Washington. How could I be worse?

In geopolitical circles, blather swirls over whether the United States can defend Taiwan against a Chinese invasion in a regional war. Sez I, it doesn’t matter whether it can if it won’t, and China will likely get the island without invading. The key is to think about how things look from Taiwan.

Washington is vague about whether it would militarily defend Taiwan. Taiwan presumably has noticed. Further, America does not recognize Taiwan as an independent country. More waffling. The implication is that Washington might, or might not, do something, or something else, depending on unspecified things, probably or at least possibly.

This sounds like hedging, a disguised American recognition that this isn’t 1955, and China is no longer a bamboo republic that makes pencils and cheap plastic buckets for Walmart. As China’s military power grows, and thus the cost of a war, America’s equivocation will likely become more equivocal. Throw in that America does $550 billion in commerce annually with the Middle Kingdom, including countless things America doesn’t make but can’t do without, and war with China doesn’t look real feasible. This too has probably occurred to Taipei.

The fashion in naval circles is to talk about the First Island Chain, which is a sort of barrier along the coast of China, the Kuriles, Japan, Okinawa in the Ryukyus, Taiwan, the Philippines, and even Borneo. The idea, apart from some fairly silly notions about “containing China,” is that these islands will want to join with Washington, which is somewhere else, to fight China, which is right there, to defend Taiwan, which also is right there.

Now, who would actually defend Taiwan - that is, go to war with China? Japan? Note that Japan is within missile range of China, and probably does not want missiles of large warhead raining down on Tokyo. Japan gets ninety percent of its petroleum from the Persian Gulf and, If Tokyo’s reserves of oil run out, Japan stops. All of it. China has pretty good submarines these days. The beltway Hawklets might say, “Don’t worry. We have magic anti-submarine stuff, no prob.” Given America’s military record, would you buy a used car from these people?

Do you suppose the Japanese have thought of this? Washington might say, not to worry, we have antimissile gadgets, THAAD, and Patriot, and Aegis, and we can escort your tankers. But none of these weapons has much of a track record, and neither does America.

Further energizing Japan’s likely unenthusiasm for fighting Washington’s wars is that trade with China is crucial to the Japanese economy, and that Taiwan isn’t all that valuable to Tokyo. Today Japan trades with Taiwan, and with China. If Taiwan became part of China, this trade would probably continue with nothing changing but the letterhead.

Lastly, Japan may have noticed America’s propensity for getting its vassals (or allies, clients, or poodles, take your choice) into wars and then leaving them in the lurch. Think Vietnam, Cambodia, Laos, Afghanistan and, soon, Syria and Iraq. This would leave Japan in a shooting war with China, all by itself. If the gringos lose a war, they can just go home. Japan is not mobile.

The Japanese might whisper into American ears, “All cool, Round Eye. But it’s just your empire on the line. It’s our ass. we’ll sit this one out.” South Korea might think similar thoughts regarding use of its air bases, especially given that the Korean peninsula has a land border with China. Washington doesn’t. Seoul needs a war with the Middle Kingdom like it needs smallpox. “Tell you what, Round Eye, bugger off….”

Taiwan would get wind of this through back channels if not by sheer deduction. How would a regional war over the Taiwan Strait look to an adult commander of an aircraft carrier? He might think, “Hmmm. Squinty-eyed rascals good engineers. Make’m Mars probe, worke’m. Train go three hundred sixty miles hour. Work’em. Maybe make’m missiles work’em good too. Hmmmm. Bad juju.”

The Navy’s PR operation will say that Chinese missiles don’t really amount to anything, this to protect the budget for its favorite bathtub toys and the only surface ship that justifies the existence of the Navy. But of course China can build swarms of missiles to arrive simultaneously.

Further, realists in Washington might ask themselves what would happen if the war didn’t go as planned, as wars usually don’t, and a carrier and three destroyers became marine barbecues before sinking. War games and Pentagon studies suggest that this is quite likely. To save face, the hawks would have to turn a regional war into a world war, which America would win. “Win.” Millions would die and the world economy stop. Never underestimate the influence of vanity in world affairs.

Taiwan could divine all of this. It could also divine that the Navy had divined it. In recent years China has shown itself to be very good at engineering all manner of things, and has emphasized antiship missiles, including but not limited to terminally guided ballistic missiles of range far greater than that of carrier aviation. Do they work as advertised? We don’t know. A carrier captain would probably want someone else to find out.

Despite growly aphasic pronunciamientos from the White House, and chirpy assurance from Navy PR, grownups in the Pentagon might think, “You know…maybe a war with China isn’t a great idea. How about lunch instead at a really good rib joint on the Hill?” Taiwan would know of these doubts. This would further undermine hope of American defense.

Now, suppose that China keeps on doing what to all appearances it is doing: increasing its amphibious- assault assets, improving and enlarging its already highly non-negligible air force, building missiles and increasing its number of marines. Meanwhile the Chinese navy grows like kudzu on a Georgia road cut. China can increase its forces across the Strait virtually without limit. The US cannot. At some point, past or future, Taiwan will face assault forces it has no chance whatever of repelling by itself. Taipei would notice this.

Further suppose that China keeps doing what else it has been doing for some time: practicing amphibious assaults that could at any moment become real assaults. Thus no one- read, America - would know whether the attack would come in two months, five years, or never. This would require keeping defensive forces, such as carriers, on station constantly and at a high state of readiness. Militaries do not do this well, and it is expensive. Moreover, after long periods of peace militaries do not mobilize quickly as it is discovered that there aren’t many of things there ought to be lots of because of some budget cut, or something, and the whole enterprise turns into a gargantuan goat-rope.

What kind of attack might Taiwan expect? I haven’t talked to the Chinese General Staff for weeks now, and so am making this up. But the goal would probably be to get the war over before America had time to react. Keeping invaders out is one thing, getting them out another. So, maybe a sudden attack with ballistic missiles to crater runways with simultaneous mass missile attack on air defenses with amphib ships simultaneously setting sail. At fifteen knots it would take about eight hours to reach the island. With heavy air support from China’s highly non-negligible air force, Chinese troops might well get ashore and into cities before America’s hypergalactic indomitable military could get its thumb out of…well, never mind. The Americans would be caught flatfooted by a fait accompli. Washington would face the joyful choice of bombing Chinese soldiers inside Taiwanese cities, or - this is Saturday Night Live territory -undertaking a land war in Asia against China.

It may be that Taiwan has thought of this.

Finally, there is TSMC, Taiwan Semiconductor Manufacturing Company. While little known in America, TSMC makes most of the world’s high-end chips, including those of Apple and…the Pentagon. America currently is not able to make its own.

This throws a fascinating wild card into things. If in an attack, TSMC were destroyed, by either side, or captured and held hostage, the effects would be no end entertaining. Today’s world, perhaps more than most people know, depends on chips. An astonishing proportion of advanced chips come from the island. Replacing its fab lines somewhere else would take years. The other, though lesser, source of chips is Samsung in South Korea, also in Chinese missile range. Washington is trying to cripple China’s tech by not allowing it access to advanced chips. Presumably this increases Beijing’s incentive to annex Taiwan.

Anyway, Biden couldn’t risk losing Taiwan as it would affect the midterms. But what it comes to is that with China being the largest trading partner of something like 165 countries, war isn’t real practical. The Taiwanese have probably figured this out.

So what does Taiwan do, seeing an overwhelming invasion force looming and not believing that Washington is really going to go to war to defend it? The choice would be to fight, be devastated as it lost, and face harsh conditions after - or to come to the best agreement it could and surrender without fighting. Anyone want to make bets?"

"The Homeless Have Been Cleared from Venice Beach - Unbelievable Results"

Full screen recommended.
Dan, iAllegedly, PM 7/31/21:
"The Homeless Have Been Cleared from Venice Beach - 
Unbelievable Results"

Musical Interlude: Neil H., “Candlelight Dreams”

Neil H., “Candlelight Dreams”

"A Look to the Heavens"

“This colorful skyscape features the dusty, reddish glow of Sharpless catalog emission region Sh2-155, the Cave Nebula. About 2,400 light-years away, the scene lies along the plane of our Milky Way Galaxy toward the royal northern constellation of Cepheus. 

Astronomical explorations of the region reveal that it has formed at the boundary of the massive Cepheus B molecular cloud and the hot, young, blue stars of the Cepheus OB 3 association. The bright rim of ionized hydrogen gas is energized by the radiation from the hot stars, dominated by the bright blue O-type star above picture center. Radiation driven ionization fronts are likely triggering collapsing cores and new star formation within. Appropriately sized for a stellar nursery, the cosmic cave is over 10 light-years across.”

"Assumptions..."

 

“Life Lessons From a Psychiatrist Who’s Been Listening to People’s Problems For Decades”

“Life Lessons From a Psychiatrist Who’s Been
Listening to People’s Problems For Decades”
by Thomas Oppong

“How you approach life says a lot about who you are. As I get deeper into my late 30s I have learned to focus more on experiences that bring meaning and fulfilment to my life. I try to consistently pursue life goals that will make me and my closest relations happy; a trait that many individuals search for their entire lives. Nothing gives a person inner wholeness and peace like a distinct understanding of where they are going, how they can get there, and a sense of control over their actions.

Seneca once said, “Most powerful is he who has himself in his own power.” “No people can be truly happy if they do not feel that they are choosing the course of their own life,” states the World Happiness Report 2012. The report also found that having this freedom of choice is one of the six factors that explain why some people are happier than others.

In his best-selling first book, “Too Soon Old, Too Late Smart: Thirty True Things You Need to Know Now”, Dr Gordon Livingston, a psychiatrist who’s been listening to people’s problems for decades, revealed thirty bedrock truths about life, and how best to live it. In his capacity as a psychiatrist, Dr Livingston listened to people talk about their lives and the many ways people induced unhappiness on themselves. In his book, he brings his insight and wisdom to the subjects of happiness, fear and courage.

“Life’s two most important questions are “Why?” and “Why not?” The trick is knowing which one to ask.” Acquiring some understanding of why we do things is often a prerequisite to change. This is especially true when talking about repetitive patterns of behavior that do not serve us well. This is what Socrates meant when he said, “The unexamined life is not worth living.” That more of us do not take his advice is testimony to the hard work and potential embarrassment that self-examination implies.”

Most people operate on autopilot, doing the same things today that didn’t work yesterday. They rarely stop to measure the impact of their actions on themselves and others, and how those actions affect their total well-being. They are caught in a cycle. And once you get caught in the loop, it can be difficult to break free and do something meaningful. Past behavior is the most reliable predictor of future behavior.

If your daily actions and choices are making you unhappy, make a deliberate choice to change direction. No matter how bleak or desperate a situation may appear to look, you always have a choice. “People often come to me asking for medication. They are tired of their sad mood, fatigue, and loss of interest in things that previously gave them pleasure. ”…“Their days are routine: unsatisfying jobs, few friends, lots of boredom. They feel cut off from the pleasures enjoyed by others.

Here is what I tell them: The good news is that we have effective treatments for the symptoms of depression; the bad news is that medication will not make you happy. Happiness is not simply the absence of despair. It is an affirmative state in which our lives have both meaning and pleasure.” “In general we get, not what we deserve, but what we expect,” he says.

Most people know what is good for them, they know what will make them feel better. They don’t avoid meaningful life habits because of ignorance of their value, but because they are no longer “motivated” to do them, Dr Livingston found. They are waiting until they feel better. Frequently, it’s a long wait, he says. Life is too short to wait for a great day to invest in better life experiences.

Most unhappiness is self-induced, Dr Livingston found. “The three components of happiness are something to do, someone to love, and something to look forward to. Think about it. If we have useful work, sustaining relationships, and the promise of pleasure, it is hard to be unhappy. I use the term “work” to encompass any activity, paid or unpaid, that gives us a feeling of personal significance. If we have a compelling avocation that lends meaning to our lives, that is our work, ” says Dr Livingston.

Many experiences in life that bring happiness are in your control. The more choices you are able to exercise, and control, the happier you are likely to be. “Happiness is an inside job. Don’t assign anyone else that much power over your life,” says Mandy Hale. Many people wait for something to happen or someone to help them live their best lives. They expect others to make them happy. They think they have lost the ability to improve their lives.

The thing that characterizes those who struggle emotionally is that they have lost, or believe they have lost, their ability to choose those behaviors that will make them happy, says Dr Livingston. You are responsible for your own life experiences, whether you are seeking a meaningful life or a happy life. If you expect others to make you happy, you will always be disappointed.

You can consistently choose actions that could become everyday habits. It takes time, but it’s an investment that will be worth your while. “Virtually all the happiness-producing processes in our lives take time, usually a long time: Learning new things, changing old behaviors, building new relationships, raising children. This is why patience and determination are among life’s primary virtues,”

Most people are stuck in life because of fear. Fear of everything outside their safe zones. Your mind has a way of rising to the occasion. Challenge it, and it will reward you. Your determination to overcome fear and discouragement constitutes the only effective antidote to that feeling on unhappiness you don’t want. Dr Livingston explains. “The most secure prisons are those we construct for ourselves. I frequently ask people who are risk-averse, “What is the biggest chance you have ever taken?” People begin to realize what “safe” lives they have chosen to lead.”

“Everything we are afraid to try, all our unfulfilled dreams, constitute a limitation on what we are and could become. Usually it is fear and its close cousin, anxiety, that keep us from doing those things that would make us happy. So much of our lives consists of broken promises to ourselves. The things we long to do — educate ourselves, become successful in our work, fall in love — are goals shared by all. Nor are the means to achieve these things obscure. And yet we often do not do what is necessary to become the people we want to be.”

As you increasingly install experiences of acceptance, gratitude, accomplishment, and feeling that there’s a fullness in your life rather than an emptiness or a scarcity, you will be able to deal with the issues of life better.

Closing thoughts: Dr Livingston’s words feel true and profound. The real secret to a happy life is selective attention, he says. If you choose to focus your awareness and energy on things and people that bring you pleasure and satisfaction, you have a very good chance of being happy in a world full of unhappiness, uncertainty, and fear."

The Daily "Near You?"

Fairmont, Nebraska, USA. Thanks for stopping by!