Sunday, December 12, 2021

"What Really Matters"

"What Really Matters"
A reality-check on what's truly important in life.
by Adam Taggart

"Here at PeakProsperity.com, we devote a lot of focus to building wealth and other forms of "capital". This website has hosted thousands of discussions over the years on how to preserve and increase wealth. But what's it all for?

Every so often, it's useful to pull waay back to look at the big picture. To re-examine the Why? underlying our plans and aspirations. Most of us don't do this very often. We usually only do so after life throws us a curve ball - often some form of tragedy or crisis - that suddenly forces us to re-evaluate everything we may have taken for granted beforehand.

I've certainly been guilty of some of this complacency. I think Chris would admit to a little, as well. But sadly, we've both recently experienced traumatic events that have forced a renewed appreciation of what truly matters in life. For me, my (very personal and highly subjective) conclusion is that "what matters" pretty much boils down to just two things:

1. living with meaning, and
2. valued relationships

Everything else - money, knowledge, possessions, skills, experiences...even our beliefs and actions - are means to achieve those two goals.


Living with meaning is a huge topic. One we've addressed in parts occasionally here at PP.com and which I expect we'll tackle more ambitiously in the future. But for now, I just want to point out that it's rooted within the individual. Each of us has to identify what "meaning" is for ourselves, and then determine how best to pursue it in our lives. (Much easier said than done, of course).

Valued relationships, on the other hand, are by definition interpersonal. As our podcast with Pulitzer prize-winning author Sebastian Junger explored, humans are evolutionarily hard-wired to co-exist in community with others. Deriving self-worth from our relationships is simply a fundamental feature of the human species. And the theme of the remainder of this article.

Some Learnings From The Big Picture View: A sad reality is that we often don't actively appreciate the value of our relationships until they're in jeopardy or lost for good. As mentioned earlier, Chris and I have both had recent reminders of this. Chris lost a nephew a few weeks ago. 18 years old and died in his sleep of an undiagnosed congenital heart condition. A promising, accomplished, athletic young man who simply went to bed and never woke up. Pretty much any parent's worst nightmare.

In my case, my older daughter was at the beach a few days ago with some friends. One of them ran into the surf, dove into an incoming wave...and didn't resurface. His friends managed to drag him out of the water alive, but his neck was broken. He's currently in the hospital without use of his hands or legs.

Morbid stuff, I realize. But I'm not trying to depress you; there are a few worthwhile points to make here.

Don't Wait Until It's Too Late: Hearing from Chris about his nephew's death, I was reminded of a conversation I had with a few folks at our annual seminar back in April. In it, I was reflecting on a memorial service I had recently attended. The gentleman who died was older and not in good health, so his death wasn't a complete shock. He was also a little socially odd - a well-meaning guy, but with an overbearing approach that could be a little too much to handle for very long.

However, the memorial service was amazing. The sentiments shared about him by his friends and family were so wonderful, so loving, and so successful at capturing the best parts of his character to remember and honor. It wasn't false praise - it was all accurate material. Just the good stuff.

I left feeling lucky to have known him and sadder than I'd realized at losing him in my life. I mean this in all sincerity: if folks talk only half as nicely about me when I'm gone, I'd call that a big win. But the tragedy here is that I'm fairly confident the deceased gentleman heard little to none of this praise while he was alive. He very likely died ignorant of the positive influence he had made in the lives of many, instead thinking of himself as the guy others tried to avoid at parties. How sad is that?

That thought got me wondering: Why do we wait until after someone dies to honor them? To express the appreciation we leave unspoken during daily life due to familiarity, cultural norms, busy routine, distance, etc. Wouldn't it be more enjoyable and effective for everyone involved if our culture had a custom in which we celebrate the full measure of someone's life - and they actually get to participate in that celebration, and reflect their gratitude back?

When I raised this at the seminar, there was pretty much universal agreement that such a custom would be welcomed. And interestingly, there were a few folks who had actually experienced something like it. One had enjoyed a surprise 50th birthday party where his family and best friends from each stage of life had been flown in, each of whom spoke from the heart about how they valued him. He said it was a top life moment for him - every bit as meaningful as I was imagining it would be.

I love this idea of an "appreciation ceremony" and I *definitely* plan to do it for the most important folks in my life (wife, family members, close friends). And I'll hope, perhaps, some of them may do the same for me one day. But more generally, I take from all this - underscored by the stinging loss of Chris' nephew - a motivation to be more vocal, more frequently, with my appreciation for others.

Being honest, this won't come easily to me. Having grown up in an emotionally-restricted New England WASP household, the muscle history just isn't there for direct expression of high-intensity sentiment. But it will be healthy to work on. Those I care about will know that I care, why I care, and to the degree that I care. And I'll have the piece of mind of knowing that should a runaway bus take them - or me - tomorrow, the important stuff will not have been left unsaid.

Tragedy Can Bring Out Our Best Selves: I've spent much of the past 72-hours going back and forth from the hospital where my daughter's paralyzed friend is recovering. It's been very tough emotionally - especially watching his parents sit vigil. The situation is exactly like something out of a TV movie. This young man is a star scholar-athlete at the local high school and co-captain of the varsity football team. He's good-looking, charismatic and universally liked around town. His family has lived here for generations and are heavily involved in the community (his father was a local firefighter for 45 years). This tragedy could literally not happen to a nicer family.

As you can imagine, the outpouring of support from the community has been immense. Folks offering hugs, food, rides, child care, laundry services, fund raising, medical connections - you name it, it's being extended. While sometimes overwhelming for the family, it is clear to see that the community support has been a crucial factor in keeping them from crumpling under the fear and stress resulting from the accident. I feel like I've had a front-row seat to witness the communal bonding process that Sebastian Junger describes in the podcast mentioned above.

Junger points out that humans evolved while living in tribes that needed to band together for survival against a hostile world (e.g., predators, other tribes, weather, famine). Humans have lived like this until very, very recently - historically speaking. Thus, his conclusion is that we are wired to live in connection with our community (our tribe), especially in ways that protect that community from adversity. So you can make the argument that community + adversity = authentic living. In other words, when we pull together with those around us in times of crisis, we are truly living as nature intended us to.

I am certainly seeing this in my present experience. The grace, the generosity, the selflessness, the love, the sense that we are all part of something larger than ourselves - it's astonishing to witness. Especially when compared to the radically more superficial way we all interacted beforehand. This crisis is giving people the permission and inspiration to "be" more real, more authentic, with each other. To be a tribe.

I've spent a lot of time over the past few days reflecting on Junger's tribal theory, and have decided to add the following addendum to it: While never desirable, adversity/tragedy gives us the opportunity to step into our best selves. Not everyone will. But we all have the chance to. And it's how we're designed to be.

We just saw people step into their best selves in many places, saving lives and helping afflicted neighbors in the wake of recent tornadoes and hurricanes. We are seeing folks do the same right in many other places. As mentioned, I'm watching it happen in real-time in my own hometown.

I share all this partly as a little writing therapy to help me cope with the stress of the past few days, but more importantly, to give you some perspective that I hope will be useful in the years to come.

Those familiar with The Three E's understand what I mean when I say there are some very sizable disasters headed our way. They are mathematically unavoidable at this point. But while we can't control *what* will happen, we each can control *how* we will meet and react to it. Advance preparation is essential. But no plan is foolproof. Having the ability to deal with unexpected setbacks is also key - which a tribe helps immensely with."

"Find your tribe. Celebrate it in the moment.
And bring out your best self in support of it.”

"Carl Jung on How to Live and the Origin of 'Do the Next Right Thing'”

"Carl Jung on How to Live 
and the Origin of 'Do the Next Right Thing'”
by Maria Popova

"In recent seasons of being, I have had occasion to reflect on the utterly improbable trajectory of my life, plotted not by planning but by living. We long to be given the next step and the route to the horizon, allaying our anxiety with the illusion of a destination somewhere beyond the vista of our present life.

But the hardest reality to bear is that death is the only horizon, with numberless ways to get there — none replicable, all uncertain in their route, all only certain to arrive. This is why there are infinitely many kinds of beautiful lives. And this is why each and every one of them, even the most seemingly actualized, trembles with a staggering degree of doubt and confusion. Uncertainty is the price of beauty, and integrity the only compass for the territory of uncertainty that constitutes the landmass of any given life.

And so the best we can do is walk step by next intuitively right step until one day, pausing to catch our breath, we turn around and gasp at a path. If we have been lucky enough, if we have been willing enough to face the uncertainty, it is our own singular path, unplotted by our anxious younger selves, untrodden by anyone else.

The recovery community has a shorthand for keeping this at the center of awareness in times of inner tumult: “Do the next right thing.” The concept, in fact, originated two years before the founding of Alcoholics Anonymous, in a lucid and largehearted letter Swiss psychiatrist Carl Jung (July 26, 1875–June 6, 1961) wrote to an anonymous correspondent, included in "Selected Letters of C.G. Jung," 1909–1961 (public library).

On December 15, 1933, Jung responded to a woman who had asked his guidance on, quite simply, how to live. Two generations after the young Nietzsche admonished that “no one can build you the bridge on which you, and only you, must cross the river of life,” Jung writes:

"Dear Frau V.,

Your questions are unanswerable because you want to know how one ought to live. One lives as one can. There is no single, definite way for the individual which is prescribed for him or would be the proper one. If that’s what you want you had best join the Catholic Church, where they tell you what’s what. Moreover this way fits in with the average way of mankind in general. But if you want to go your individual way, it is the way you make for yourself, which is never prescribed, which you do not know in advance, and which simply comes into being of itself when you put one foot in front of the other. If you always do the next thing that needs to be done, you will go most safely and sure-footedly along the path prescribed by your unconscious. Then it is naturally no help at all to speculate about how you ought to live. And then you know, too, that you cannot know it, but quietly do the next and most necessary thing. So long as you think you don’t yet know what this is, you still have too much money to spend in useless speculation. But if you do with conviction the next and most necessary thing, you are always doing something meaningful and intended by fate. With kind regards and wishes,

Yours sincerely,
C.G. Jung"

Two months later, in another gesture of generosity and wisdom, Jung deepens the sentient in a letter to a man who had reached out in abject anxiety and distress, feeling that he had, quite simply, mislived his life. Jung writes:

"Dear Herr N.,

Nobody can set right a mismanaged life with a few words. But there is no pit you cannot climb out of provided you make the right effort at the right place.
When one is in a mess like you are, one has no right any more to worry about the idiocy of one’s own psychology, but must do the next thing with diligence and devotion and earn the goodwill of others. In every littlest thing you do in this way you will find yourself. [Everyone has] to do it the hard way, and always with the next, the littlest, and the hardest things.

Yours truly,
C.G. Jung"

Complement with a poignant, poetic lens on how to live and how to die and Darwin’s deathbed reflection on what makes life worth living, then revisit Jung on life and death, his rare BBC interview about human nature, and the story of how he and his improbable physicist friend Wolfgang Pauli invented the concept of synchronicity.”

"The Life You Have Left..."

 
“The life you have left is a gift. Cherish it.
Enjoy it now, to the fullest. Do what matters, now.”
~ Leo Babauta

"A Message from the Hopi Elders"

"A Message from the Hopi Elders"

"You have been telling the people that this is the Eleventh Hour.
Now you must go back and tell the people that this is The Hour.
Here are the things that must be considered:
Where are you living?
What are you doing?
What are your relationships?
Are you in right relation?
Where is your water?
It is time to speak your Truth.
Create your community.
Be good to each other.
And do not look outside yourself for the leader.
This could be a good time!

There is a river flowing now very fast.
It is so great and swift, that there are those who will be afraid.
They will try to hold on to the shore.
They will feel they are being torn apart and will suffer greatly.
Know the river has its destination.
The elders say we must let go of the shore, push off into the middle of the river,
keep our eyes open, and our heads above the water.
And I say, see who is in there with you and celebrate.
At this time in history, we are to take nothing personal. Least of all, ourselves.
For the moment that we do, our spiritual growth and journey comes to a halt.

The time of the lone wolf is over. Gather yourselves!
Banish the word "struggle" from your attitude and your vocabulary.
All that we do now must be done in a sacred manner and in celebration.
We are the ones we have been waiting for!"

- Oraibi, Arizona, Hopi Nation

Saturday, December 11, 2021

“Corporate Insiders Selling Stock, Suckers Buying; People Are Headed For The Poorhouse”

Jeremiah Babe, 12/11/21:
“Corporate Insiders Selling Stock, Suckers Buying; 
People Are Headed For The Poorhouse”

Musical Interlude: 2002, " A Gift of Life"

Full screen recommended.
2002, " A Gift of Life"

"A Look to the Heavens"

"This intergalactic skyscape features a peculiar system of galaxies cataloged as Arp 227 some 100 million light-years distant. Swimming within the boundaries of the constellation Pisces, Arp 227 consists of the two galaxies prominent right of center, the curious shell galaxy NGC 474 and its blue, spiral-armed neighbor NGC 470. 
The faint, wide arcs or shells of NGC 474 could have been formed by a gravitational encounter with neighbor NGC 470. Alternately the shells could be caused by a merger with a smaller galaxy producing an effect analogous to ripples across the surface of a pond. The large galaxy on the top lefthand side of the deep image, NGC 467, appears to be surrounded by faint shells too, evidence of another interacting galaxy system. Intriguing background galaxies are scattered around the field that also includes spiky foreground stars. Of course, those stars lie well within our own Milky Way Galaxy. The field of view spans 25 arc minutes or about 1/2 degree on the sky."

"Listen..."

 

"17 Words that Changed My Life Forever"

"17 Words that Changed My Life Forever"
by Jerry Clark

“I remember several years back I heard something that changed my life forever. Up until that point I had been struggling through life – doing everything the hard way. I couldn’t figure out why my life wasn’t going the way I felt it should be. I saw some people going through life effortlessly and seemingly with less tension and frustration while I was wondering if I could ever straighten out the mess my life had turned out to be. I was behind on my dreams, my promises, and my bills. Then one day I was listening to a tape and the lady was talking about the power of having dreams and goals and all of the other stuff that those motivational speakers talk about. By that point I had listened to hundreds of such tapes, but it seemed as if nothing worked for me.

Probably the only reason I was listening to that one was because I had developed a habit of listening to cassette tapes while driving my car. The statement the lady said was simple and I think I had even heard it somewhere before but this time a light bulb went on in my head. I remember stopping the tape and rewinding it over and over again to hear the 17 words she said. I couldn’t believe it was so basic and simple. I was looking for something sophisticated and complicated. I thought I had to attend a $10,000 seminar. I didn’t know I could find it on a $10 tape program.

I’m taking the time to tell you all of this preliminary information because when I tell you the 17 words, I really want you to get it and get it NOW! Because if you get it NOW, your life will never be the same. You will be using the same principle that all who have became wealthy before you have used. Even those who became wealthy and can’t tell you how they did use this same principle without even being aware of what they are doing. Well, are you ready for the 17 words that made a powerful and positive impact on my life and on the life of tens of thousands of individuals who have achieved unimaginable success? Of course you are… Well, here they are…
For things to change, you must get a picture
 of what you want them to change to.

Yes, it’s as simple as it sounds and as easy as it seems… Don’t try to make it any complicated than this because it will only frustrate you.

You must know exactly what you want and the more specific and clear you can get, the better. This is important because Human Beings are Teleological in nature… In other words, we move towards the pictures we constantly hold in our minds. Let me give you an example… Suppose you went to the store and bought a 1,000-piece jigsaw puzzle but it didn’t have a picture on the box of what the end result should look like.

Would you have a much harder time putting the picture together? Of course. You may eventually figure it out; however, the person who has a clear picture of what the end result should look like will be more than 100 times ahead of you. The question is are they 100 times ahead of you because their IQ is 100 times greater? Is it because they are 100 times better looking than you? Maybe it’s because they live 100 times closer to the person who created the puzzle? Ohh, I know – they were one of the first students to take the Evelyn Woods mind-expanding speed-reading and comprehension course right? If none of this is true then what is?

Yes, the person who had the clear and specific picture of what the outcome was supposed to be was simply operating in accordance to how our brain works. It moves towards the pictures we hold in our mind. It’s interesting because once you know exactly what it is you are moving towards, you seem to automatically know the steps to take or the necessary steps will soon become noticeable.

Your brain's subconscious mind, operating similar to a magnet, will start to attract in your direction the conditions, people, and circumstances that will help you move closer to the mental picture you maintain in your mind and it will repel all of those things that do not correlate to the picture you have in your mind. Therefore, the people who are clear and specific about what they want are using the powers of the Universe to assist them. This is, indeed, an awesome power. A person who knows how and uses this awesome power of the Universe to his or her advantage is a person who is working smart. A person who struggles every day trying to move closer to the success that they have no idea how it’s supposed to look is a person who is working hard.

Based on your observations over the years, do you think that most people are working hard or working smart? People who just work hard day in and day out without a clear picture of what they are moving towards are about as exciting as a tulip. Even though they may seem to be willing to work hard and put in the hours, they don’t seem to have much life in them. And people want to follow people who seem to have some life in them. If they want to find people who don’t seem to have much life in them, all they have to do is go to their job. People will follow people who look like they know where they are going and look like they are excited about the journey.

You must understand that your strength comes from knowing what you want. This will ignite the fire inside of you and enable you to borrow from the promise of the future so you can engage in the activities today that will move you closer and closer to what you want. It will enable you to go through the trials and tribulations that may be necessary so you can arrive at your destination. But remember the journey will be more important than the destination because in the journey you will become the person you require to become to finally arrive at your destination. So when you reach your destination, look at the person you have become and set a new destination so you can continue to grow and develop.

Whatever you do, just always remember that for things to change, you must get a picture of what you want them to change to. These are the "17 Words that Changed My Life Forever"… why not allow them to change yours too?”

The Daily "Near You?"

Hannacroix, New York, USA. Thanks for stopping by!

The Poet: Rainer Maria Rilke, "A Walk"

"A Walk"

"My eyes already touch the sunny hill.
going far ahead of the road I have begun.
So we are grasped by what we cannot grasp;
it has inner light, even from a distance-
and changes us, even if we do not reach it,
into something else, which, hardly sensing it,
we already are; a gesture waves us on
answering our own wave...
but what we feel is the wind in our faces."

- Rainer Maria Rilke

"The Story Behind the Iconic Photo of the Man Who Defied Hitler And the Nazis by Refusing to Salute"


"The Story Behind the Iconic Photo of the Man
Who Defied Hitler And the Nazis by Refusing to Salute"
by Jay Syrmopoulos

"Cowardice asks the question, is it safe? Expediency ask the question, is it politic? Vanity asks the question, is it popular? But, conscience ask the question, is it right? And there comes a time when we must take a position that is neither safe, nor politic, nor popular, but one must take it because it is right."  - Martin Luther King, Jr.

"In what can only be described as one of the most iconic photos of World War II, a lone man, August Landmesser, is seen refusing to be caught up in the nationalistic Nazi fervor, as he stands with his arms crossed, stone faced, as the rest of the crowd engages in the mandatory “seig heil” salute. The salute, meaning hail victory, was an exhibition of loyalty to Adolf Hitler and the Nazi party, and was mandatory for all German citizens.

The photo was taken in Hamburg, Germany on June 13, 1936 at the launch of a naval training vessel. Landmesser can be seen as the lone man pictured refusing to demonstrate his loyalty by saluting. Although the photo itself has become an internet sensation, as it represents those very few people who are willing to think outside of the box into which they have been indoctrinated, few people are aware of the story behind the iconic picture.

Landmesser joined the ranks of the Nazi party in 1931 with anticipation of it creating employment opportunities for him, as the climate in Germany was such that if one wanted to find gainful employment being a party member could be very advantageous. Eventually he was expelled from the party in 1935, after becoming engaged to a Jewish woman, Irma Eckler. The couple was engaged to marry, but enactment of the Nuremberg Laws would prevent that from taking place. The couple’s first daughter was born on October 29, 1935. This series of events fully explains the lack of respect shown by Landmesser, to the Nazi regime, as displayed by his refusal to salute in the iconic photo. But what happened after the picture was taken?

With Eckler pregnant again, the couple decided to flee Nazi Germany for Denmark in 1937, but were caught by the Nazis. Landmesser was subsequently charged with”dishonoring the race” under Nazi race laws. The couple claimed that neither of them were aware that Eckler was fully Jewish, with the couple being acquitted for lack of evidence, but with a warning that any subsequent violations would result in prison time. Even under threat of prison Landmesser and Eckler’s love reigned supreme, with the couple publicly continuing their relationship.

In July of 1938, Landmesser was arrested again, this time being sentenced to two and a half years in the Börgermoor concentration camp. Eckler was taken by the Gestapo to Fuhlsbüttel prison, where she gave birth to her and Landmesser’s second child. Eckler was sent to numerous different concentration camps, with a few letters being received from Irma Eckler until roughly January 1942. It’s believed that she was taken to the Bernburg Euthanasia Centre in February 1942, where she was among the more than 14,000 killed. Landmesser was released from custody in January 1941, working as a foreman. He was eventually drafted into a penal battalion in February of 1944 and was reportedly killed while fighting in Croatia in October of that year."

"How It Really Is"

 

"The Most Beautiful Lies..."

"Memories and feelings of nostalgia are nothing more than cruelties; they are the most beautiful lies we will ever convince ourselves to believe. We chase the false hope so fiercely that we nearly push ourselves past the edges of our sanity, longing for that which can never be in our possession again. These edges are blurred by our regrets and desperation all throughout the darkest hours of the night, until finally we are set free from the illusions and the ghosts of our past with the rising of the sun... and we are changed in some small, yet permanent way."
- Margaret E. Rise

"It May Be Then..."

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

"Regret for the things we did can be tempered by time;
it is regret for the things we did not do that is inconsolable."
- Sydney J. Harris

"The Cargo Ship Backlog is Far From Over - Supply Chain Nightmare"

Full screen recommended.
Dan, iAllegedly, 12/11/21:
"The Cargo Ship Backlog is Far From Over - Supply Chain Nightmare"
"The Supply Chain Nightmare is far from over. There are so many cargo ships out there waiting to enter the Port of Los Angeles. This is an update to show you that this problem has not been solved and it’s only getting worse."

Friday, December 10, 2021

Musical Interlude: Peter Gabriel, "Don't Give Up" (ft. Kate Bush)

Peter Gabriel, "Don't Give Up" (ft. Kate Bush)

"Chaos Sweeps Across US Supply Chains As 75,000 Container Ships Line Up Until The Mexico Coast"

Full screen recommended.
"Chaos Sweeps Across US Supply Chains As 
75,000 Container Ships Line Up Until The Mexico Coast"

"America is facing a neverending supply chain nightmare that only seems to aggravate with each passing week. A couple of days ago, associations representing supply chain workers warned that the whole system is about to fall apart, as its backbone, road transport operators, have massively started to leave the market due to poor work conditions. Months ago, industry insiders warned this could happen, but our leaders didn't take any preventive action, and now things are going from bad to worse. The International Transport Union (IRU) is calling on the U.S. government for support to avoid bankruptcies and to stabilize the entire transport system before it collapses.

The industry association for road transport represents 3.5 million transport companies and 19 million transport workers around the world. In the United States, at least 8 million truck drivers are represented by IRU, and according to the association's Secretary General Umberto de Pretto, rapid increases in demand, ongoing movement restrictions, driver shortages and acute fuel price hikes have created a “perfect storm” that can further aggravate supply chain disruptions in the short and longer term.

This week, the IRU issued an emergency call to the U.S. government to urgently address the labor crisis within the supply chain crisis. “We need the government to act now to avoid delays and shortages of products through to the end of the year and into 2022,” said IRU. From September up until now, at least 4.4 million supply chain workers, half of them in the transport sector, have already quit their jobs. And millions are threatening to do the same given that they occupy low-pay positions that require in-person service and exceedingly long work hours.

Such an event would have the potential to completely halt this country, warned Ioana Marinescu, an associate professor of economics in the School of Social Policy & Practice who studies the labor market. The persistent volatility of the labor market can also compromise our economic growth this quarter, as goods remain stuck at ports and retail sales sharply decline, she says. This, combined with the emergence of a new virus variant has added to the uncertainty since movement restrictions are being reintroduced, she added.

Now that overly restrictive travel rules have been put in place once again, the International Chamber of Shipping (ICS) is also alerting that 400,000 seafarers currently stranded at sea are likely to leave their jobs once they get back on shore. In an open letter also issued this week, the association pointed out that 56 countries have already imposed fresh restrictions on travel. And seafarers who had been waiting for months to finally come back home during the holidays to reunite with their families are being prohibited to enter their home countries for a crew change.

On the other side of this situation, this means trouble for millions of U.S. businesses that rely on supply chain operations. With the holiday shopping season at full-speed, delayed shipments and empty shelves can put the final nail in the coffin of several businesses. So far, for many of them, Thanksgiving, Black Friday and Cyber Monday sales were disastrous.

The outcome could be even bleaker for companies that were counting on this season's sales to help them recover from last year's closures and even stave off bankruptcy. Meanwhile, 75,000 container ships are still stuck outside the U.S. coast, according to numbers released by the White House. An alarming record and a worrying situation as temperatures drop. At this point, on-the-shelf availability has fallen by 90% compared to 2019 levels, according to market research company IRI.

Since last month, all boats crossing the Pacific have been asked to sit 150 miles offshore as they wait for a slot to unload their cargo. So even though there were only 46 ships outside San Pedro Bay this week, hundreds of container ships that embarked after the change are now wandering in the horizon, which could push the total backlog to a record high. Thousands of small container ships and hundreds of giant cargo ships are now queuing until the coast of Mexico not to get fined as they wait to dock at U.S. ports.

The container fleet may be out of sight, but it’s not out of mind. And our supply chains will continue to struggle to process all the imports entering the country for months to come. Americans are getting increasingly frustrated with our leaders' inability to tackle this crisis. But what is coming ahead is likely to be even more chaotic than what we're facing right now. A dark winter has begun and the perfect storm supply chains are facing right now will undoubtedly result in many more disasters."

"It's Time To Worry; Economic Catastrophe On Horizon"

Jeremiah Babe, PM 12/10/21
"It's Time To Worry; Economic Catastrophe On Horizon"

"A Look to the Heavens"

“This shock wave plows through space at over 500,000 kilometers per hour. Moving toward to bottom of this beautifully detailed color composite, the thin, braided filaments are actually long ripples in a sheet of glowing gas seen almost edge on. Cataloged as NGC 2736, its narrow appearance suggests its popular name, the Pencil Nebula.
About 5 light-years long and a mere 800 light-years away, the Pencil Nebula is only a small part of the Vela supernova remnant. The Vela remnant itself is around 100 light-years in diameter and is the expanding debris cloud of a star that was seen to explode about 11,000 years ago. Initially, the shock wave was moving at millions of kilometers per hour but has slowed considerably, sweeping up surrounding interstellar gas.”

The Poet: Rainer Maria Rilke, "Book of Hours II, 16"

"Book of Hours II, 16"

"How surely gravity's law,
strong as an ocean current,
takes hold of even the strongest thing
and pulls it toward the heart of the world.

Each thing-
each stone, blossom, child-
is held in place.
Only we, in our arrogance,
push out beyond what we belong to
for some empty freedom.

If we surrendered
to earth's intelligence
we could rise up rooted, like trees.
Instead we entangle ourselves
in knots of our own making
and struggle, lonely and confused.

So, like children, we begin again
to learn from the things,
because they are in God's heart;
they have never left him.

This is what the things can teach us:
to fall,
patiently to trust our heaviness.
Even a bird has to do that
before he can fly."

~ Rainer Maria Rilke

"For Nothing Is Fixed..."

"For nothing is fixed, forever and forever and forever, it is not fixed; the earth is always shifting, the light is always changing, the sea does not cease to grind down rock. Generations do not cease to be born, and we are responsible to them because we are the only witnesses they have. The sea rises, the light fails, lovers cling to each other, and children cling to us. The moment we cease to hold each other, the sea engulfs us and the light goes out."
- James Baldwin

"Life Is Inconvenient..."

"One of life's best coping mechanisms is to know the difference between an inconvenience and a problem. If you break your neck, if you have nothing to eat, if your house is on fire – then you’ve got a problem. Everything else is an inconvenience. Life is inconvenient. Life is lumpy. A lump in the oatmeal, a lump in the throat and a lump in the breast are not the same kind of lump. One needs to learn the difference."
- Robert Fulghum

"Economic Market Snapshot PM 12/10/21"

"Economic Market Snapshot PM 12/10/21"
"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
"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.
Dec 10th to 13th, 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...

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Saint Petersburg, Saint Petersburg City, Russian Federation.
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"They Are Saying..."

"When people pile up debts they will find difficult and perhaps even impossible to repay, they are saying several things at once. They are obviously saying that they want more than they can immediately afford. They are saying, less obviously, that their present wants are so important that, to satisfy them, it is worth some future difficulty. But in making that bargain they are implying that when the future difficulty arrives, they'll figure it out. They don't always do that."
- Michael Lewis, "Boomerang"

"Betting on an Unborn Racehorse"

"Betting on an Unborn Racehorse"
by Bill Bonner

"Tell me, friend, when did Saruman The Wise abandon reason for madness?
– Gandalf, "Lord of the Rings"

YOUGHAL, IRELAND – "The Federal Reserve keeps “printing” money – at the rate of about $3 billion per day – and lending it to member banks at a real (inflation-adjusted) rate of MINUS 6%. Not surprisingly, the hustlers are out in force, figuring out new ways to get their hands on it. Bloomberg reported in November:

"[Solar-powered vehicle maker] Sono has racked up about 108.8 million euros ($123 million) in losses since its inception in 2016. When key investors balked at putting in more money roughly two years ago, co-CEOs and co-founders Laurin Hahn and Jona Christians turned to crowdfunding. There was a hitch in that strategy: since March of last year, Sono has been unable to access about 5 million euros from PayPal. The online payment company froze its account, citing risks related to unexpectedly high transaction volume. Sono says it started the process of fighting this as of mid-August."

Without any proceeds from this week’s IPO, Sono estimates it would have been insolvent by next month or shortly thereafter. It expects to lose money for the foreseeable future and continue relying on external financing to stay in business. But the IPO went forward on November 17 at $15 per share and Sono (SEV) briefly got a market value of $1.8 billion…

And it’s not the only company in FantasyLand drawing in big bucks. Last month, Bloomberg reported that companies have taken in a record $600 billion in IPOs so far this year. That’s up from $235 billion in 2019 and $370 billion in 2020. Prior to this, the record stood at about $420 billion… in 2007.

Trump’s Non-runner: And yesterday, we showed how the Trump SPAC deal is likely to be a flop. The general rule is that when someone buys a business he doesn’t know from a person who does know it, the buyer exchanges money for wisdom. If he pays a low enough price, and if he has enough capital and tenacity, he may survive long enough for his newfound wisdom to pay off. Otherwise, he might just as well bet on a racehorse that hasn’t even been born yet.

In the Trump deal, investors – with no knowledge of the business – are paying the Trump team, which has no knowledge of the business, either. The new business comes out like a newborn colt, all wet and wobbly. And when Team Trump put a political hack in charge of his training, the odds of his winning the Kentucky Derby went to near zero. The fates looked on and smiled. “This is politics… not business,” they said to themselves.

Pie in the Sky: What we figure is that, in this market, the pie in the sky is now much more valuable than the meat and potatoes on the table. Yes, when liquidity flows… even the wise abandon reason for madness…and the lightest objects – like empty heads and dead bodies – float to the surface.

Here’s LRT Capital Management: "Through December 1, the S&P 500 index is down only -4.07% from it’s all-time high, while the small-cap index, Russell 2000, is down -12.08%. However, these numbers do not give the full picture of the market decline that has occurred over the past several weeks. A small group of stocks, primarily mega-cap tech shares, have supported the market, while most stocks have been declining for several weeks now. The disproportionately large impact that mega-cap companies can have on market capitalization-weighted indexes has effectively hidden this fact, so while the S&P500 has only declined by approximately 4%, the average stock in the index is down -15.5% through December 1."

Amazon sells for 68 times earnings. Tesla sells for 328 times earnings. And DWAC (Trump’s SPAC) sells for an infinite multiple of earnings… because it has no earnings. At those prices, it is almost impossible for an investor to come out ahead."

"How It Really Is"

 

"We are Getting Mixed Messages on the Economy - You Decide"

Full screen recommended.
Dan, iAllegedly, AM 12/10/21:
"We are Getting Mixed Messages on the Economy - You Decide"
"If you listen to the Experts it’s either all good or all bad. We get continual conflicting stories on the health of our economy. I think that people need to realize exactly where we’re at right now."

"Shopping For Deals At Family Dollar! What's Going On Here?"

Full screen recommended.
Adventures with Danno, AM 12/10/21:
"Shopping For Deals At Family Dollar! What's Going On Here?"
"In today's vlog we are shopping at Family Dollar only to find lots of empty shelves, and very high prices! From frozen goods, to meat and dairy. Items are missing everywhere! It's getting rough out here as stores seem to be struggling with getting products."

Greg Hunter, "Weekly News Wrap-Up 12/10/21"

"Weekly News Wrap-Up 12/10/21"
by Greg Hunter’s USAWatchdog.com

"I cannot believe people are this stupid. The vax injections have clearly failed to stop CV19 or stop the spread of CV19, and yet people are lining up to get more of what does not work. Granted, the continuing MSM propaganda blitz is very powerful and convincing. Still, people already double vaxed can’t wait to get a so-called booster because they are no longer “fully vaccinated,” according to the CDC. Now, the CEO of Pfizer is telling them the third shot will not work because he is already saying, “I Think We Will Need a Fourth Dose.” This is screaming scam and showing the death vax has failed bigtime. What the injections are good at is causing blood clots, heart problems, miscarriages auto immune disease and a host of other ailments along with way more deaths and permanent injuries than all other vaccines combined in the more than 30 year history of VAERS (Vaccine Adverse Event Reporting System). Get that booster!!!

It’s not easy getting information on the ongoing sex predator trial of Jeffery Epstein’s co-conspirator Ghislaine Maxwell. Twitter has shut off one account right in time for embarrassing information about how the FBI knew about the sex pedo operations with young girls and did nothing. We do know lots of elites were on Pedophile Island, but the flight logs are being redacted from public view. Was this really a state sanctioned pedo operation for blackmail or just one creepy guy and girlfriend who sexually abused children?

The Fed is freaking out over the inflation numbers that keep growing. Looks like we have almost 7% year over year inflation, and the big question is will the Fed raise rates and stop the easy money policies? If they keep printing, the economy blows up, and it they pull back, the economy blows up. So, what flavor of collapse would you like? That is the choice, and the choice is coming sooner than you think."

Join Greg Hunter on Rumble as he talks about these stories and more in the Weekly News Wrap-Up for 12/10/21. (There is much more in the video presentation.)