Monday, March 21, 2022

"Economic Market Snapshot 3/21/22"

Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
"Economic Market Snapshot 3/21/22"
Updated as available.
MarketWatch Market Summary, Live Updates
CNN Market Data:
CNN Fear And Greed Index:
Latest Market Analysis, Updated 3/21/22
A comprehensive, essential daily read.
March. 21st to 22nd, 2022
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:
"The more I see of the monied classes,
the better I understand the guillotine."
- George Bernard Shaw
Oh yeah...
And now... The End Game...

"How It Really Is"

 

"Prices Are Getting Ridiculous At Target! - What's Coming?"

Full screen recommended.
Adventures with Danno, 3/21/22:
"Prices Are Getting Ridiculous At Target! - What's Coming?"
"In today's vlog we are at Target and are noticing massive price increases! We are here to check out skyrocketing prices, and a lot of empty shelves! It's getting rough out here as stores seem to be struggling with getting products."

Gregory Mannarino, "Be Ready Now... Energy And Food Shortages, Surging Inflation, And More"

Gregory Mannarino, AM 3/21/22:
"Be Ready Now... Energy And Food Shortages,
 Surging Inflation, And More"

Sunday, March 20, 2022

"Economic Fairy Tale Ending, Get Ready For Destruction; Debt Collectors Wiping Out Bank Accounts"

Jeremiah Babe, PM 3/20/22:
"Economic Fairy Tale Ending, Get Ready For Destruction;
 Debt Collectors Wiping Out Bank Accounts"

"Food Supply Chain Breakdown Push Prices To Skyrocket 500% As Global Starvation Plan Accelerates"

Full screen recommended.
"Food Supply Chain Breakdown Push Prices To 
Skyrocket 500% As Global Starvation Plan Accelerates"
by Epic Economist

"Are you ready for the coming food crisis yet? Because events are accelerating at a much faster speed than most people realize, and a global supply shock is about to trigger catastrophic levels of food insecurity all over the world. In America, food prices are already skyrocketing, and a perfect storm is threatening to dramatically collapse domestic food production, exacerbate shortages and push prices even higher in the coming months. Industry insiders are warning that U.S. consumers are going to spend 20% more on groceries this year, and many farmers are losing their motivation to plant new crops as fertilizer prices soar up to 500% in some states. All of this means that we experienced so far is just a hint of what is coming next. The facts we’re about to expose in this video are truly shocking, but the best thing we can do in times like these is to stay informed so that we can prepare for the challenges ahead.

Americans are suffering from the effects of the worst food inflation since the turn of the century. Farmers, economists, industry experts, and even the UN are warning that the U.S.-led sanctions imposed on the Russian economy in response to the offensive in Ukraine are going to result in devastating consequences for the entire planet. Given that Russia is also the biggest manufacturer of fertilizer in the world, and China a nation aligned with Russian interests and historically unfriendly to the United States and the West, is the second on that list, the outlook is not good at all for American farmers.

The situation is becoming so worrying that Bloomberg analyst Alexis Maxwell is calling it a ‘march to disaster’. The main problem is that without fertilizer farmland is significantly less productive. Industry experts estimate that the lack of fertilizer can collapse corn and wheat yields in the U.S. by more than 40%. And considering that prices are expected to go much higher, farmers will either have to plant without fertilizer or raise the prices of their products accordingly. But that increase can be much more acute than we imagine. "The cost of fertilizer is up as much as 500% in some areas," revealed Indiana Farm Bureau President Randy Kron. "It would be unbelievable if I hadn't seen it for myself as I priced fertilizer for our farm in southern Indiana. Fertilizer is a global commodity and can be influenced by multiple market factors, including the situation in Ukraine, and all of these are helping to drive up costs."

On top of that, we’re also struggling with soaring prices for gasoline and diesel, which are key for today’s mechanized farming and for delivering food to consumers. Even the UN is sounding the alarm over a “hunger hurricane,” that is already being felt in some parts of the globe. In the U.S. this will mean supply shortfalls and explosive prices. But elsewhere in the world, it will mean starvation. And our leaders are definitely not helping to ease the situation.

That’s probably why John Catsimatidis, the billionaire supermarket CEO is now advising Americans to stock up now because food inflation will only get much worse. “I’ve seen price increases coming through for the month of March. I’ve seen them coming through April and May,” said the CEO of New York City supermarket chain Gristedes, in an interview with FoxNews on Tuesday.

And with historic inflation, surging fuel prices, and shrinking food supplies, the U.S. is about to face an absolutely horrifying food crisis. But once again, those responsible are unlikely to be held accountable for their reckless actions. Actually, perhaps some of them will. After all, food shortages caused ravaging riots that led to the overturning of governments during the Arab Spring, and dissatisfaction with the U.S. government continues to grow, so maybe we should start preparing for some civil unrest, too.

Greg Hunter, "800,000 Lives Could Have Been Saved with Ivermectin and HCQ"

"800,000 Lives Could Have Been Saved 
with Ivermectin and HCQ"
by Greg Hunter’s USAWatchdog.com

"In October, Dr. Pierre Kory, a world renowned pulmonary and critical care Covid expert, warned, “The suppression of early treatment in this country is one of the most historically calamitous actions, and history will not be kind here.” Sadly, Dr. Kory was right and explains, “If you look at us now, we are over 900,000 deaths, and a huge proportion could have been saved. If you look at Dr. Peter McCullough’s protocol, it was published in August of 2020. He argued for combination therapy protocols, a combination of Ivermectin (IVR) and Hydroxychloroquine (HCQ). We know the vast majority, 85% to 90% of the hospitalizations and deaths, would have been prevented. You apply that to, let’s say, 800,000 excess deaths, and you are talking about a massive humanitarian crisis that resulted from the suppression of early effective repurposed drug treatments.” (IVR & HCQ)

Dr. Kory goes on to say, “We are in a war of information. They call us ‘misinformation-ists.’ They are ‘disinformation-ists.’ They are actually employing disinformation. They want everyone to be convinced that Ivermectin is a horse dewormer, and only uncredible people would take it for a viral syndrome. They have never shown it is an anti-viral, and it’s been shown for 10 years to work on a number of viruses. So much of the medical establishment and doctors have been propagandized to have bizarre behaviors. They are still pushing vaccines because they have been told lies. They are still attacking Ivermectin based on lies and wrong information. It’s the same thing with Hydroxychloroquine.”

When it comes to the so-called vaccines, Dr. Kory says it all should have come to a grinding halt with all the deaths from the inoculations very early on. Dr. Kory explains, “The stopping point for an experimental intervention, therapy or vaccine, that stopping point was exceeded within weeks of the rollout. The scale of what we are talking about now is almost indescribable. The traditional stopping point with deaths associated, that was exceeded in January of 2021, and the agencies (FDA & CDC) ignored it. The VAERS (Vaccine Adverse Event Reporting System) data just kept climbing and climbing and climbing. I can’t even keep up. Last I checked, there were over 24,000 death reports in VAERS.”

Dr. Kory goes on to talk about the unvaxed and vaxed patients he is treating. Dr. Kory talks about the deaths and injuries from the vaccines and thinks they will keep climbing as he predicted at the beginning of 2022. Dr. Kory will also tell you how you can help yourself no matter if you are vaxed or unvaxed.

Dr. Kory tells people to go to the FLCCC Alliance website and get information for treating Covid19 and vax injuries for free."

Join Greg Hunter on Rumble as he goes One-on-One with Dr. Pierre Kory, one of the top Pulmonary and Critical Care experts on the planet, who is co-founder of the Front Line Covid-19 Critical Care Alliance. (There is much more in the 1 hour & 15 min. interview.)

Musical Interlude: Deuter, “Loving Touch”

Full screen recommended.
Deuter, “Loving Touch”

"A Look to the Heavens"

“These three bright nebulae are often featured in telescopic tours of the constellation Sagittarius and the crowded starfields of the central Milky Way. In fact, 18th century cosmic tourist Charles Messier cataloged two of them; M8, the large nebula left of center, and colorful M20 on the right. The third, NGC 6559, is above M8, separated from the larger nebula by a dark dust lane. All three are stellar nurseries about five thousand light-years or so distant.
The expansive M8, over a hundred light-years across, is also known as the Lagoon Nebula. M20's popular moniker is the Trifid. Glowing hydrogen gas creates the dominant red color of the emission nebulae, with contrasting blue hues, most striking in the Trifid, due to dust reflected starlight. The colorful skyscape recorded with telescope and digital camera also includes one of Messier's open star clusters, M21, just above the Trifid.”
- http://apod.nasa.gov/apod/astropix.html

"When I heard the learn’d astronomer,
When the proofs, the figures, were ranged
in columns before me,
When I was shown the charts and diagrams,
to add, divide, and measure them,
When I sitting heard the astronomer where
he lectured with much applause in the lecture-room,
How soon unaccountable I became tired and sick,
Till rising and gliding out I wander’d off by myself,
In the mystical moist night-air, and from time to time,
Look’d up in perfect silence at the stars."

- Walt Whitman

"It's The Way..."

"It's not the load that breaks you down, it's the way you carry it."
- Lena Horne

"The 11 Nations Of The United States"

Click image for larger size.
"The 11 Nations Of The United States"
by Andy Kiersz and Marguerite Ward

"This map above shows how the US really has 11 separate 'nations' with entirely different cultures. Author and journalist Colin Woodard identified 11 distinct cultures that have historically divided the US. His book "American Nations: A History of the Eleven Rival Regional Cultures in North America" breaks down those cultures and the regions they each dominate.

From the utopian "Yankeedom" to the conservative "Greater Appalachia" and liberal "Left Coast," looking at these cultures sheds an interesting light on America's political and cultural divides. In response to the coronavirus pandemic, some governors are acting among these factions - like California, Oregon, and Washington, of all which have parts comprising of "The Left Coast" group."
Please view this complete and fascinating article here:

"Too Often..."

"The majority of us lead quiet, unheralded lives as we pass through this world. There will most likely be no ticker-tape parades for us, no monuments created in our honor. But that does not lessen our possible impact, for there are scores of people waiting for someone just like us to come along; people who will appreciate our compassion, our unique talents. Someone who will live a happier life merely because we took the time to share what we had to give. Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have a potential to turn a life around. It’s overwhelming to consider the continuous opportunities there are to make our love felt."
- Leo Buscaglia

Free Download: Albert Camus, "Lyrical And Critical Essays"

"We have not overcome our condition, and yet we know it better. We know that we live in contradiction, but we also know that we must refuse this contradiction and do what is needed to reduce it. Our task as [humans] is to find the few principles that will calm the infinite anguish of free souls. We must mend what has been torn apart, make justice imaginable again in a world so obviously unjust, give happiness a meaning once more to peoples poisoned by the misery of the century. Naturally, it is a superhuman task. But superhuman is the term for tasks we take a long time to accomplish, that’s all.

Let us know our aims then, holding fast to the mind, even if force puts on a thoughtful or a comfortable face in order to seduce us. The first thing is not to despair. Let us not listen too much to those who proclaim that the world is at an end. Civilizations do not die so easily, and even if our world were to collapse, it would not have been the first. It is indeed true that we live in tragic times. But too many people confuse tragedy with despair. “Tragedy,” [D.H.] Lawrence said, “ought to be a great kick at misery.” This is a healthy and immediately applicable thought. There are many things today deserving such a kick."
- Albert Camus

Freely download "Lyrical And Critical Essays", by Albert Camus, here:

"I Enjoy Talking To You..."


;-)

The Daily "Near You?"

Jackson, Tennessee, USA. Thanks for stopping by!

"Night..."

“The day has been so full of fret and care, and our hearts have been so full of evil and of bitter thoughts, and the world has seemed so hard and wrong to us. Then Night, like some great loving mother, gently lays her hand upon our fevered head, and turns our little tear-stained faces up to hers, and smiles; and though she does not speak, we know what she would say, and lay our hot flushed cheek against her bosom, and the pain is gone. Sometimes, our pain is very deep and real, and we stand before her very silent, because there is no language for our pain, only a moan. Night’s heart is full of pity for us: she cannot ease our aching; she takes our hand in hers, and the little world grows very small and very far away beneath us, and, borne on her dark wings, we pass for a moment into a mightier Presence than her own, and in the wondrous light of that great Presence, all human life lies like a book before us, and we know that Pain and Sorrow are but angels of God.”
- Jerome K. Jerome

"Waltzing To Armageddon"

"Waltzing To Armageddon"
by Chris Hedges

"The Cold War, from 1945 to 1989, was a wild Bacchanalia for arms manufacturers, the Pentagon, the C.I.A., the diplomats who played one country off another on the world’s chess board, and the global corporations able to loot and pillage by equating predatory capitalism with freedom. In the name of national security, the Cold Warriors, many of them self-identified liberals, demonized labor, independent media, human rights organizations, and those who opposed the permanent war economy and the militarization of American society as soft on communism. That is why they have resurrected it.

The decision to spurn the possibility of peaceful coexistence with Russia at the end of the Cold War is one of the most egregious crimes of the late 20th century. The danger of provoking Russia was universally understood with the collapse of the Soviet Union, including by political elites as diverse as Henry Kissinger and George F. Kennan, who called the expansion of NATO into Central Europe “the most fateful error of American policy in the entire post-Cold War era.”

This provocation, a violation of a promise not to expand NATO beyond the borders of a unified Germany, has seen Poland, Hungary, the Czech Republic, Bulgaria, Estonia, Latvia, Lithuania, Romania, Slovakia, Slovenia, Albania, Croatia, Montenegro and North Macedonia inducted into the Western military alliance.

This betrayal was compounded by a decision to station NATO troops, including thousands of U.S. troops, in Eastern Europe, another violation of an agreement made by Washington with Moscow. The Russian invasion of Ukraine, perhaps a cynical goal of the Western alliance, has now solidified an expanding and resurgent NATO and a rampant, uncontrollable militarism. The masters of war may be ecstatic, but the potential consequences, including a global conflagration, are terrifying.

Peace has been sacrificed for U.S. global hegemony. It has been sacrificed for the billions in profits made by the arms industry. Peace could have seen state resources invested in people rather than systems of control. It could have allowed us to address the climate emergency. But we cry peace, peace, and there is no peace. Nations frantically rearm, threatening nuclear war. They prepare for the worst, ensuring that the worst will happen.

So, what if the Amazon is reaching its final tipping point where trees will soon begin to die off en masse? So what if land ice and ice shelves are melting from below at a much faster rate than predicted? So what if temperatures soar, monster hurricanes, floods, droughts, and wildfires devastate the earth? In the face of the gravest existential crisis to beset the human species, and most other species, the ruling elites stoke a conflict that is driving up the price of oil and turbocharging the fossil fuel extraction industry. It is collective madness.

The march towards protracted conflict with Russia and China will backfire. The desperate effort to counter the steady loss of economic dominance by the U.S. will not be offset by military dominance. If Russia and China can create an alternative global financial system, one that does not use the U.S. dollar as the world’s reserve currency, it will signal the collapse of the American empire. The dollar will plummet in value. Treasury bonds, used to fund America’s massive debt, will become largely worthless. The financial sanctions used to cripple Russia will be, I expect, the mechanism that slays Americans, if not immolation in thermonuclear war.

Washington plans to turn Ukraine into Chechnya or the old Afghanistan, when the Carter administration, under the influence of the Svengali-like National Security Advisor Zbigniew Brzezinski, equipped and armed the radical jihadists that would morph into the Taliban and al Qaeda in the fight against the Soviets. It will not be good for Russia. It will not be good for the United States. It will not be good for Ukraine, as making Russia bleed will require rivers of Ukrainian blood.

Pandora’s Box of Evils: The decision to destroy the Russian economy, to turn the Ukrainian war into a quagmire for Russia and topple the regime of Vladimir Putin will open a Pandora’s box of evils. Massive social engineering - look at Afghanistan, Iraq, Syria, Libya or Vietnam - has its own centrifugal force. It destroys those who play God.

The Ukrainian war has silenced the last vestiges of the Left. Nearly everyone has giddily signed on for the great crusade against the latest embodiment of evil, Vladimir Putin, who, like all our enemies, has become the new Hitler.

The United States will give $13.6 billion in military and humanitarian assistance to Ukraine, with the Biden administration authorizing an additional $200 million in military assistance. The 5,000-strong EU rapid deployment force, the recruitment of all Eastern Europe, including Ukraine, into NATO, the reconfiguration of former Soviet bloc militaries to NATO weapons and technology have all been fast tracked.

Germany, for the first time since World War II, is massively rearming. It has lifted its ban on exporting weapons. Its new military budget is twice the amount of the old budget, with promises to raise the budget to more than 2 percent of GDP, which would move its military from the seventh largest in the world to the third, behind China and the United States.

NATO battlegroups are being doubled in size in the Baltic states to more than 6,000 troops. Battlegroups will be sent to Romania and Slovakia. Washington will double the number of U.S. troops stationed in Poland to 9,000. Sweden and Finland are considering dropping their neutral status to integrate with NATO.

This is a recipe for global war. History, as well as all the conflicts I covered as a war correspondent, have demonstrated that when military posturing begins, it often takes little to set the funeral pyre alight. One mistake. One overreach. One military gamble too many. One too many provocations. One act of desperation.

Russia’s threat to attack weapons convoys to Ukraine from the West; its air strike on a military base in western Ukraine, 12 miles from the Polish border, which is a staging area for foreign mercenaries; the statement by Polish President Andrzej Duda that the use of weapons of mass destruction, such as chemical weapons, by Russia against Ukraine, would be a “game-changer” that could force NATO to rethink its decision to refrain from direct military intervention - all are ominous developments pushing the alliance closer to open warfare with Russia.

Once military forces are deployed, even if they are supposedly in a defensive posture, the bear trap is set. It takes very little to trigger the spring. The vast military bureaucracy, bound to alliances and international commitments, along with detailed plans and timetables, when it starts to roll forward, becomes unstoppable. It is propelled not by logic but by action and reaction, as Europe learned in two world wars.

Staggering Hypocrisy: The moral hypocrisy of the United States is staggering. The crimes Russia is carrying out in Ukraine are more than matched by the crimes committed by Washington in the Middle East over the last two decades, including the act of preemptive war, which under post-Nuremberg laws is a criminal act of aggression. Only rarely is this hypocrisy exposed as when U.S. Ambassador to the United Nations Linda Thomas-Greenfield told the body: “We’ve seen videos of Russian forces moving exceptionally lethal weaponry into Ukraine, which has no place on the battlefield. That includes cluster munitions and vacuum bombs which are banned under the Geneva Convention.”

Hours later, the official transcript of her remark was amended to tack on the words “if they are directed against civilians.” This is because the U.S., which like Russia never ratified the Convention on Cluster Munitions treaty, regularly uses cluster munitions. It used them in Vietnam, Laos, Cambodia, and Iraq. It has provided them to Saudi Arabia for use in Yemen. Russia has yet to come close to the tally of civilian deaths from cluster munitions delivered by the U.S. military.

The Dr. Strangeloves, like zombies rising from the mass graves they created around the globe, are once again stoking new campaigns of industrial mass slaughter. No diplomacy. No attempt to address the legitimate grievances of our adversaries. No check on rampant militarism. No capacity to see the world from another perspective. No ability to comprehend reality outside the confines of the binary rubric of good and evil. No understanding of the debacles they orchestrated for decades. No capacity for pity or remorse.

Elliott Abrams worked in the Reagan administration when I was reporting from Central America. He covered up atrocities and massacres committed by the military regimes in El Salvador, Guatemala, Honduras and by the U.S.-backed Contra forces fighting the Sandinistas in Nicaragua. He viciously attacked reporters and human rights groups as communists or fifth columnists, calling us “un-American” and “unpatriotic.” He was convicted for lying to Congress about his role in the Iran-Contra affair. During the administration of George W. Bush, he lobbied for the invasion of Iraq and tried to orchestrate a U.S. coup in Venezuela to overthrow Hugo Chávez.

“There will be no substitute for military strength, and we do not have enough,” writes Abrams for the Council on Foreign Relations, where he is a senior fellow: “It should be crystal clear now that a larger percentage of GDP will need to be spent on defense. We will need more conventional strength in ships and planes. We will need to match the Chinese in advanced military technology, but at the other end of the spectrum, we may need many more tanks if we have to station thousands in Europe, as we did during the Cold War. (The total number of American tanks permanently stationed in Europe today is zero.) Persistent efforts to diminish even further the size of our nuclear arsenal or prevent its modernization were always bad ideas, but now, as China and Russia are modernizing their nuclear weaponry and appear to have no interest in negotiating new limits, such restraints should be completely abandoned. Our nuclear arsenal will need to be modernized and expanded so that we will never face the kinds of threats Putin is now making from a position of real nuclear inferiority.”

Putin played into the hands of the war industry. He gave the warmongers what they wanted. He fulfilled their wildest fantasies. There will be no impediments now on the march to Armageddon. Military budgets will soar. The oil will gush from the ground. The climate crisis will accelerate.

China and Russia will form the new axis of evil. The poor will be abandoned. The roads across the earth will be clogged with desperate refugees. All dissent will be treason. The young will be sacrificed for the tired tropes of glory, honor and country. The vulnerable will suffer and die.

The only true patriots will be generals, war profiteers, opportunists, courtiers in the media and demagogues braying for more and more blood. The merchants of death rule like Olympian gods. And we, cowed by fear, intoxicated by war, swept up in the collective hysteria, clamor for our own annihilation."

Gregory Mannarino, "Markets, A Look Ahead: 100% Proof The FED Is Deliberately Fueling Higher Inflation"

Gregory Mannarino, AM 3/20/22:
"Markets, A Look Ahead: 100% Proof The FED 
Is Deliberately Fueling Higher Inflation"

"How It Really Is"

 

"Grave Faults..."

“Only the following items should be considered to be grave faults: not respecting another's rights; allowing oneself to be paralyzed by fear; feeling guilty; believing that one does not deserve the good or ill that happens in one's life; being a coward. We will love our enemies, but not make alliances with them. They were placed in our path in order to test our sword, and we should, out of respect for them, struggle against them. We will choose our enemies.”
- Paulo Coelho, "Like the Flowing River"

"US Moral Compass"

"Moral compass?!"
Surely you jest! This is 'Murica!

"The Sometimes Hidden Beauty of ‘This Too Shall Pass’

"It is said an Eastern monarch once charged his wise men to invent a sentence to be ever on view and which would be true and appropriate in all times and situations. They presented him the words, 'And this, too, shall pass away.'"

"The Sometimes Hidden Beauty of ‘This Too Shall Pass’
By Richard Haddad

"“This too shall pass.” This proverb has no doubt been repeated millions of times in many different languages since the COVID-19 pandemic and it's consequences started. The sentiment may be difficult to accept amidst so many hardships from lost jobs, lost businesses and lost lives.

This adage grew from the roots of a Persian fable and became known in the Western world primarily through a 19th-century retelling by the English poet Edward FitzGerald, who crafted the fable “Solomon’s Seal” in 1852 illustrating how the adage had the power to make a sad man happy but, conversely, a happy man sad. The fable was reportedly also employed in a speech by Abraham Lincoln before he became the sixteenth President of the United States.

But the version I want to share today that I think is most beautiful and powerful was written in 1867 by American newspaper editor and abolitionist Theodore Tilton. He reworked the fable into a poem called “The King’s Ring.” Here again, the retooled adage wields a double-edged sword. It can help us endure the passage of difficult times, or keep our perspective and humility during good times. Here is the Tilton poem:

"The King’s Ring"

Once in Persia reigned a King,
Who upon his signet-ring
Graved a maxim true and wise,
Which, if held before his eyes,
Gave him counsel, at a glance,
Fit for every change or chance;
Solemn words, and these are they:
“Even this shall pass away.”

Trains of camels through the sand
Brought him gems from Samarcand;
Fleets of galleys through the seas
Brought him pearls to rival these.
But he counted little gain
Treasures of the mine or main.
“What is wealth?” the King would say;
“Even this shall pass away.”

In the revels of his court,
At the zenith of the sport,
When the palms of all his guests
Burned with clapping at his jests,
He, amid his figs and wine,
Cried, “O loving friends of mine!
Pleasures come, but do not stay:
Even this shall pass away.”

Lady fairest ever seen
Was the bride he crowned the queen.
Pillowed on his marriage-bed,
Whispering to his soul, he said,
“Though no bridegroom never pressed
Dearer bosom to his breast,
Mortal flesh must come to clay:
Even this shall pass away.”

Fighting on a furious field,
Once a javelin pierced his shield.
Soldiers with a loud lament
Bore him bleeding to his tent.
Groaning from his tortured side,
“Pain is hard to bear,” he cried,
“But with patience day by day,
Even this shall pass away.”

Towering in the public square
Twenty cubits in the air,
Rose his statue carved in stone.
Then the King, disguised, unknown,
Gazing at his sculptured name,
Asked himself, “And what is fame?
Fame is but a slow decay:
Even this shall pass away.”

Struck with palsy, sere and old,
Waiting at the Gates of Gold,
Spake he with his dying breath,
“Life is done, but what is Death?”
Then, in answer to the King,
Fell a sunbeam on his ring,
Showing by a heavenly ray -
“Even this shall pass away.”

I believe enduring well is an essential part of the test we must pass while on this Earth together. I am still taking this test. We all are. I also believe we must have a certain amount of faith and hope as we do all in our power to make things right in this world while also accepting that we don’t have the power to control all outcomes. I’ve been learning these truths and striving to apply them more in my own life. In the past I have sometimes hearkened to gloomy voices in the world. Many a time I entertained unnecessary doubt and worry. But I am learning that worry works against faith and hope. My mother once shared this other saying with me that I have tried to apply in my older years - “Worry is interest paid on money never borrowed.”

May we all strive to endure, live and love well, for this too shall pass."

"You See..."

"As Robert Oppenheimer said a short while before he died, "It is perfectly obvious that the whole world is going to hell. The only possible chance that it might not is that we do not attempt to prevent it from doing so." You see, many of the troubles going on in the world right now are being supervised by people with very good intentions whose attempts are to keep things in order, to clean things up, to forbid this, and to prevent that. The more we try to put everything to rights, the more we make fantastic messes. Maybe that is the way it has got to be. Maybe I should not say anything at all about the folly of trying to put things to right but simply, on the principle of Blake, let the fool persist in his folly so that he will become wise."
- Alan Watts

Musical Interlude: Disturbed, "The Sound Of Silence"

Full screen recommended.
Disturbed, "The Sound Of Silence"
Singer David Draiman

Simply incredible...
This will touch your soul...

Saturday, March 19, 2022

"Economy And Housing Market About To Be Crushed; Mortgage Rate Crisis; Home Sales Drop"

Jeremiah Babe, PM 3/19/22:
"Economy And Housing Market About To Be Crushed;
 Mortgage Rate Crisis; Home Sales Drop"

Musical Interlude: Vangelis, "Alpha"

Vangelis, "Alpha"
This song always suggested the March of Mankind through the ages, having the "aspirations of angels and the instincts of beasts", as Sir Arthur Conan Doyle so aptly described us, and as Pascal said of us, "What sort of freak then is man! How novel, how monstrous, how chaotic, how paradoxical, how prodigious! Judge of all things, feeble earthworm, repository of truth, sink of doubt and error, glory and refuse of the universe! Who will unravel such a tangle?" Despite ourselves, Mankind marches relentlessly on, to our unknown future... - CP

Free Download: Hermann Hesse, "Siddhartha"

"Siddhartha"
by Hermann Hesse

"Siddhartha" is a novel by Hermann Hesse that deals with the spiritual journey of a boy known as Siddhartha from the Indian Subcontinent during the time of the Buddha. The book, Hesse's ninth novel, was written in German, in a simple yet powerful and lyrical style. It was first published in 1922, after Hesse had spent some time in India in the 1910s. It was published in the U.S. in 1951 and became influential during the 1960s. Hesse dedicated "Siddhartha" to Romain Rolland, "my dear friend".

The word Siddhartha is made up of two words in the Sanskrit language, siddha (achieved) + artha (meaning or wealth). The two words together mean "he who has found meaning (of existence)" or "he who has attained his goals". The Buddha's name, before his renunciation, was Prince Siddhartha Gautama. In this book, the Buddha is referred to as "Gotama".

Plot summary: It starts as Siddhartha, the son of a Brahmin, leaves his home to join the ascetics with his companion Govinda. The two set out in the search of enlightenment. Siddhartha goes from asceticism, to a very worldly life as a trader with a lover, and back to asceticism as he attempts to achieve this goal. The story takes place in ancient India around the time of Gautama Buddha (likely between the fourth and seventh centuries BC.

Experience is the aggregate of conscious events experienced by a human in life – it connotes participation, learning and knowledge. Understanding is comprehension and internalization. In Hesse’s novel "Siddhartha," experience is shown as the best way to approach understanding of reality and attain enlightenment – Hesse’s crafting of Siddhartha’s journey shows that understanding is attained not through scholastic, mind-dependent methods, nor through immersing oneself in the carnal pleasures of the world and the accompanying pain of samsara; however, it is the totality of these experiences that allow Siddhartha to attain understanding. Thus, the individual events are meaningless when considered by themselves—Siddhartha’s stay with the samanas and his immersion in the worlds of love and business do not lead to nirvana, yet they cannot be considered distractions, for every action and event that is undertaken and happens to Siddhartha helps him to achieve understanding. The sum of these events is thus experience.

For example, Siddhartha’s passionate and pained love for his son is an experience that teaches him empathy; he is able to understand childlike people after this experience. Previously, though he was immersed in samsara, he could not comprehend childlike people’s motivations and lives. And while samsara clung to him and made him ill and sick of it, he was unable to understand the nature of samsara. Experience of samsara at this point did not lead to understanding; perhaps it even hindered him. In contrast to this, Siddhartha’s experience with his son allows him to love, something he has not managed to do before; once again, the love itself does not lead to understanding.

The novel ends with Siddhartha being a ferryman, learning from a river, and at long last at peace and capturing the essence of his journey: "Slower, he walked along in his thoughts and asked himself: “But what is this, what you have sought to learn from teachings and from teachers, and what they, who have taught you much, were still unable to teach you?” And he found: “It was the self, the purpose and essence of which I sought to learn. It was the self, I wanted to free myself from, which I sought to overcome. But I was not able to overcome it, could only deceive it, could only flee from it, only hide from it. Truly, no thing in this world has kept my thoughts thus busy, as this my very own self, this mystery of me being alive, of me being one and being separated and isolated from all others, of me being Siddhartha! And there is no thing in this world I know less about than about me, about Siddhartha!”

Musical Interlude: Vangelis, "Space, Time Continuum"

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

"A Look to the Heavens"

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

Kurt Vonnegut, "Requiem"

"Requiem"

“The crucified planet Earth,
should it find a voice and a sense of irony,
might now well say of our abuse of it,
"Forgive them, Father, they know not what they do."

The irony would be that we know what we are doing.

When the last living thing has died on account of us,
how poetical it would be if Earth could say,
in a voice floating up perhaps
from the floor of the Grand Canyon,
"It is done. People did not like it here.”

- Kurt Vonnegut

Chet Raymo, “Away Above The Chimney Pots”

“Away Above The Chimney Pots”
by Chet Raymo

“So Oz finally became home; the imagined world became the actual world, as it does for us all, because the truth is that once we have left our childhood places and started out to make up our lives, armed only with what we have and are, we understand that the real secret of the ruby slippers is not that "there's no place like home", but rather that there is no longer any such place as home: except, of course, for the home we make, or the homes that are made for us, in Oz: which is anywhere, and everywhere, except the place from which we began.”

In the last paragraph of his delightful meditation on the film "The Wizard of Oz", Salman Rushdie, himself an immigrant to another land, takes gentle issue with the concluding cliche: "There's no place like home." If the net result of Dorothy's technicolor adventure is to end up where she began, in gray old Kansas, then what was the point? asks Rushdie.

Poor Dorothy, waking up in bed with Auntie Em and the others clustered around her, born again, so to speak, into the same old life. "It wasn't a dream, it was a place," she cries, piteously. "A real, truly live place! Doesn't anyone believe me?" She must begin her rebellion all over again.

Visitors here will have observed that I have reached a stage in life where I am prone to look back on the journey, reflect somewhat nostalgically upon the place I came from, and try to ascertain where it is I have ended up. It is clear that the destination was in part determined by where I began, as is true, I suppose, for all of us. We are armed, after all, only with "what we have and who we are." But it is clear too that having experienced the technicolor universe of the galaxies and the DNA, there is no going back to the dusty, gray dogmas of my youth. The Emerald City may indeed be over the rainbow, but it is still in the here and now. The Wizard's powers may not be supernatural, but his translucently turreted city sure beats Kansas. Science was my Yellow Brick Road. I'm still a "Kansas" boy, so to speak, but with no desire to be born again. For better or worse, home is here, now, in a universe of a grandeur of which I had no idea at the beginning, at a place along a Yellow Brick Road that reaches tantalizingly into the future, with no foreseeable terminus in an ultimate Oz.”

"I Promise You This Much..."

"One final paragraph of advice: do not burn yourselves out. Be as I am- a reluctant enthusiast... a part-time crusader, a half-hearted fanatic. Save the other half of yourselves and your lives for pleasure and adventure. It is not enough to fight for the land; it is even more important to enjoy it. While you can. While it’s still here. So get out there and hunt and fish and mess around with your friends, ramble out yonder and explore the forests, climb the mountains, bag the peaks, run the rivers, breathe deep of that yet sweet and lucid air, sit quietly for a while and contemplate the precious stillness, the lovely, mysterious, and awesome space. Enjoy yourselves, keep your brain in your head and your head firmly attached to the body, the body active and alive, and I promise you this much; I promise you this one sweet victory over our enemies, over those desk-bound men and women with their hearts in a safe deposit box, and their eyes hypnotized by desk calculators. I promise you this: you will outlive the bastards."
- Edward Abbey

The Daily "Near You?"

Union, Kentucky, USA. Thanks for stopping by!

"A Deal With the Devil"

"A Deal With the Devil"
Now the Devil is demanding his due…
by Charles Hugh Smith

"Unbeknownst to most people, America's leadership made a pact with the devil. Rather than face the constraints and injustices of our economic-financial system directly, a reckoning that would require difficult choices and some sacrifice by the ruling financial-political elites, our leaders chose the devil's Pact: Substitute the creation of asset-bubble "wealth" in the hands of the few for widespread prosperity.

The devil's promise: that some thin trickle of the trillions of dollars bestowed on the few would magically trickle down to the many. This was as visibly foolish as the promise of immortality on Planet Earth. But our craven, greedy leadership quickly sealed the deal with the devil and promptly inflated the greatest credit-asset bubble in human history. Rather than trade away one's soul, America's leaders traded away the future security and stability of the nation.

Sacrificing Innocents at the Altar of the Gods: By refusing to deal with the real problems exposed by the collapsing financial scams in 2008-09, our leaders – both the unelected Federal Reserve and the elected "best government money can buy" – chose to bail out the scammers who had greased their palms so generously and sacrificed the prosperity of the many to do so. This is more or less the equivalent of sacrificing innocents at the altar of the gods to ensure the leaders' rule will continue to be successful.

The devil was delighted to serve up the illusion of godlike powers to our corrupt, greedy leaders. The deal looked oh-so win-win: we enrich the top few percent and offload the costs and sacrifices on the powerless many, who were told that they would benefit from the trickle of cash leaking out of the super-wealthy's bulging pockets.

Of course, the Federal Reserve and the rest of the Savior State has saved us from the financial consequences of rampant speculation for decades. As a result, few of those in the casino have the necessary experience of hardship and losses to accurately assess risk. The vast majority have only experienced being saved: the most profitable response to a losing bet is to double-down on the next bet because the house (the Fed) will amply reward every "buy the dip."

The Devil Is Demanding His Due: But as I often point out, risk cannot be extinguished, it can only be transferred. Risk has been offloaded from speculators to the entire financial system itself, and so rather than a few speculators going down in flames, the entire casino will collapse.

Now the devil is demanding his due: the unprecedented credit-fueled bubbles in stocks, bonds and real estate are popping, and America's corrupt leaders can only stammer and spew excuses and empty promises. All this amounts to begging the devil to renegotiate the deal because now the downside is not just visible but inevitable. So sorry, America's leadership – the devil doesn't respond to pleas or threats. Sorry about that; the deal stands as agreed. All your bogus gains and powers will evaporate, and then the destruction really begins.

How does all this end? In ruin, of course. Our craven, self-serving leadership may well bleat, "the devil made us do it!" but that is not true: they fell all over themselves to sell the future stability and security of the nation for the quick-fix riches of bubbles and corruption. And of course, we’re staring at recession. But hey, look on the bright side…

Recessions Aren’t All Bad: Everyone looking at the inevitability of recession with alarm is forgetting the many upsides of recession, especially one that crushes all attempts to reverse it with the usual tricks. Let's not forget the simple joys of lighter traffic, faster commutes and the relative ease of getting a table at your favorite bistro – if it survives the bust.

Graveyard levity aside, there really is no equivalent to the positive force of crushing recessions. Only recessions which defy the usual tricks of monetary easing (create trillions of new dollars) and fiscal stimulus (give away a few of those new trillions) have the power to cleanse a system clogged with dysfunction, waste, fraud, corruption and financial zombies that soak of resources while doing little more than enriching the few at the expense of the many.

The problem with free money is that there's no mechanism to distinguish between waste and productive investment or fraud and productive utilization. All uses of free money are equally beneficial because if this free money is squandered, there's always more to spend tomorrow. In other words, in a system in which free money is the solution to all problems, there's no motivation to limit waste, friction or fraud because there's always enough free money for both waste, friction and fraud and needed spending and investment.

Time for Some Discipline: Recessions driven by inflation and the collapse of speculative bubbles aren't fixable with free money because free money fires up the afterburner of inflation. Once there are limits on how much free money can be created and distributed, squandering what's left means there's not enough left to fund essential services and to invest in the only real-world source of income and wealth. That’s productivity increases – doing more with less capital, labor and resources.

Only crushing recessions introduce the discipline of having to choose between waste, friction and fraud and essential services and investments. Waste, friction and fraud aren't simply gargantuan drains on resources… They corrupt the system by incentivizing friction (unproductive complexity and gatekeeping) and fraud (collusion, fraudulent billing, buying political favors, insider trading, etc.) and giving the recipients of friction and fraud the financial means to protect their fiefdoms with complexity thickets and political protection.

Recession Is the Only Cure: Financial systems that never experience crushing recessions can't tell the difference between a speculative mania driven by corporate buybacks and a bull market driven by improving productivity that lifts both profits and wages. The phony charade of speculative bubbles inflated by the Federal Reserve's spew of free money for financiers fatally distort the entire incentive structure of the financial system, which then balloons up and fatally distorts the entire economy.

Unbeknownst to those trembling in fear of a crushing recession, the crushing recession they fear is the only curative for a fatally distorted system which has lost touch with reality. Yes, there is a difference between speculative bubbles and bull markets. And yes, there is a difference between an economy riddled with the cancers of waste, friction and fraud and one strengthened by incentives and corrective mechanisms that bury unproductive zombie financial entities and reward those who actually increase productivity rather than destroy it. Recession will mean short-term pain but long-term gain."
Stipendium peccati mors est...
Full screen recommended.
"Doctor Faustus, Final Monologue And Ending" (1967)
"A most fantastic and moving performance by the late, great Richard Burton in this dazzling adaptation of Christopher Marlowe's astonishing work. The way the vision of Helen of Troy cackles and mocks Faust is so cruel and honest as we see the poor, lost soul accept the fate of eternal damnation, wrought entirely by his own hand." - ScarletDusk99
Freely download "The Tragical History of The Life 
And Death Of Doctor Faustus", by Christopher Marlowe, here: