Friday, July 15, 2022

“A Revolution Not Made But Prevented”

“A Revolution Not Made But Prevented”
by Brian Maher

"Yesterday we plumbed the origins of the French Revolution. Today we contrast the 1789 French Revolution with the 1776 American Revolution. How did they differ? And does the American Revolution even merit the moniker “revolution?” These are the questions we tackle today…

Each revolution undid a king. The French revolutionaries yanked old Louis XVI from his throne at Versailles. They later introduced him to Monsieur Guillotine’s famous toy. An ocean spared George III the blade or the noose, it is true. The American colonists nonetheless struck the trans-Atlantic chains that had bound them to monarchy. Yet each revolution bubbled from different aspirations, different objectives.

Was the American Revolution Really a Revolution? Before proceeding, a note: Today we paint in bright colors, with a brush that is necessarily wide. That is, we omit much of the subtlety, much of the shade and shadow of the full historical portrait. Yet here is the overall view: The French revolutionists were out for the Ancien RĂ©gime that sat so heavily upon them. We refer here to the old “throne and altar” sociopolitical system of the Bourbon kings. The American revolutionists - meantime - were out to reclaim the ancient rights of Englishmen. It was these rights that George III was molesting… in the revolutionists’ take.

The American revolutionists were not out for revolution, that is. They instead were after a sort of reset as a man resets an erring clock or a wayward thermostat. They did not seek change, that is — but to remain largely the same. Less a revolution than an anti-revolution… we might properly label the thing a revolt.

A child may revolt against parental sovereignty. But is he a revolutionary? Enlightenment statesman Edmund Burke labeled England’s Glorious Revolution of 1688–89 “a revolution not made but prevented.” The same may be said - the same has been said - of the American Revolution. It was in many respects a revolution not made but a revolution prevented. Few ideological stars dazzled them, few ideological sugar plums waltzed within their skulls. They were instead grounded in the good, hard earth - and history.

Historian Clinton Rossiter: "However radical the principles of the Revolution may have seemed to the rest of the world, in the minds of the colonists they were thoroughly preservative and respectful of the past… The political theory of the American Revolution, in contrast to that of the French Revolution, was not a theory designed to make the world over."

Adds historian and political theorist Russell Kirk: "For novel abstract theories of human nature and society, most of the men who subscribed to the Declaration and the Constitution had no relish."

You Need Form in Order to Reform: The American revolutionists pursued reform, it is true. Yet reform has no existence without preexisting form. The form is first. Reform chisels it, sands it, paints it, renews it. Reform does not wreck it. It is true to the underlying form. The American colonists had their preexisting form: their British cultural and political heritage. They clung to the Magna Carta and the ancient rights of Englishmen. They modified, updated and molded the existing form into a new American shape. That is, they kept the old and good. They cut away the old and diseased. They reformed.

The French Revolution: The French revolutionists did not reform. They brought no chisels with them, no sandpaper, no paintbrushes. They instead seized axes, hacksaws, sledgehammers, wrecking balls… and proceeded with delirious abandon. All prior social, cultural, religious and political forms they razed, all bridges to the past they dynamited. No form remained to reform.

The French Revolution, in contrast to the American Revolution, sizzled and crackled with ideology. It looked to build society anew - from root to branch, from cellar to attic. God Himself was chased out of France, deported, banished, exiled. Revolutionists sat “reason” down in His vacated throne. Savagery, barbarism and slaughter on the wholesale followed.

The revolutionists threw aside their “political servitude,” argued Burke - but at the price of their souls. That is because they likewise threw aside the “yoke of laws and morals” that had bound them to Christian virtue. They deformed society… rather than reforming society. From one summary of Burke’s 1790 "Reflections on the Revolution in France": The French Revolution... was tending towards anarchy rather than reformation. Burke valued tradition and the structures that had built up over time rather than the shattering of state, culture and religion that had taken place in France.

These French revolutionists had no past, as stated. They had only a future. Here we speak not metaphorically but literally. Time itself was under new management.

Redrawing Time: In 1792, French revolutionists emptied the existing calendar into the wastebasket. They tacked up a new calendar… beginning at “Year One.” All 12 months were rechristened, primarily after the rhythms of nature. The months themselves were broken into three weeks, each consisting of 10 days. Each day - in turn - was reduced to 10 hours under a decimal system. One new hour counted 144 miniatures or 2.4 times the old hour.

Churches, meantime, were reconfigured as “temples of reason.” All traces of religion and the Church were cleared out, all holy days stricken out. Libertarian writer, Mr. Lew Rockwell: "Streets named after saints were given new names, and statues of saints were actually guillotined... The calendar itself, rich with religious feasts, was replaced by a more “rational” calendar with 30 days per month, divided into three 10-day weeks, thereby doing away with Sunday. The remaining five days of the year were devoted to secular observances: celebrations of labor, opinion, genius, virtue and rewards… People were sentenced to death for owning a Rosary, giving shelter to a priest or indeed refusing to abjure the priesthood."

Now you have the flavor of it. Imagine it - a lunatic nation dynamiting its past foundations - and beginning anew at Year One. How does a man know his age… or celebrate his birthday?

The Democracy of the Dead: The revolutionists, argued Burke, lowered their axes upon what Lincoln later labeled the “chords of memory.” These are the chords of memory that link past to present, past and present to future. In this democracy of the dead, the dead are granted a vote. Yay, nay or present… the dead have a say in a nation’s doings.

The French revolutionaries stripped the dead of their vote. They replaced it with the tyranny of the living. And the unborn would never learn the wisdom of the ancients. In Burke’s telling: "As the ends of such a partnership cannot be obtained in many generations, it becomes a partnership not only between those who are living, but between those who are living, those who are dead and those who are to be born."

The French revolutionists tore the contract. They may have struck the past’s shackles from their wrists. But they merely exchanged old shackles for new shackles…"

Musical Interlude: 2002, “We Meet Again”

Full screen recommended.
2002, “We Meet Again”

"Perhaps..."

“Perhaps they are not stars, but rather openings in heaven 
where the love of our lost ones pours through and shines 
down upon us to let us know they are happy.”
~ Eskimo saying.

"A Look to the Heavens

"The W-shaped ridge of emission featured in this vivid skyscape is known as the Cygnus Wall. Part of a larger emission nebula with a distinctive outline popularly called The North America Nebula, the cosmic ridge spans about 20 light-years. Constructed using narrowband data to highlight the telltale reddish glow from ionized hydrogen atoms recombining with electrons, the two frame mosaic image follows an ionization front with fine details of dark, dusty forms in silhouette.
Click image for larger size.
Sculpted by energetic radiation from the region's young, hot, massive stars, the dark shapes inhabiting the view are clouds of cool gas and dust with stars likely forming within. The North America Nebula itself, NGC 7000, is about 1,500 light-years away.”

Chet Raymo, “To Sleep, Perchance To Dream”

“To Sleep, Perchance To Dream”
by Chet Raymo

“What is more gentle than a wind in summer?
What is more soothing than a pretty hummer
That stays one moment in an open flower,
And buzzes cheerily from bower to bower?
What is more tranquil than a musk-rose blowing
In a green island, far from all men's knowing?
More healthful than the leafiness of dales?
More secret than a nest of nightingales?”

What indeed? The poet Keats answers his own questions: Sleep. Soft closer of our eyes. I've reached an age when I find myself occasionally nodding off in the middle of the day, an open book flopped on my chest. Also, more lying awake in the dark hours of the night, re-running the tapes of the day. And, in the fragile moments of nighttime unconsciousness, dreaming dreams that reach all the way back to my childhood.

I've read the books about sleep and dreaming. There has been lots of research, but not much consensus about why we sleep or dream. Sleep seems to be pretty universal among animals. Who knows whether animals dream. Do we sleep to restore the soma? To knit the raveled sleeve of care? Process memories? Find safety from predators? After 50 years of work, the sleep researcher William Dement opined: "As far as I know, the only reason we need to sleep that is really, really solid is because we get sleepy."

The Latin poet Martial supposed that sleep "makes darkness brief," a worry-free way to get through the scary hours of the night when wolves howl at the mouth of the cave (and goblins stir under the bed). That hardly explains my dropping off after lunch into a dreamless stupor that I neither desire nor welcome.
“Low murmurer of tender lullabies!
Light hoverer around our happy pillows!
Wreather of poppy buds, and weeping willows!”

Not quite! There are the nightmares too. The tossing and turning. The hoo-has. But enough of this idle speculation. I'm getting sleepy...”

"No Matter How Screwed Up Things Are..."

"I'd been in hairier situations than this one. Actually, it's sort of depressing, thinking how many times I'd been in them. But if experience had taught me anything, it was this: No matter how screwed up things are, they can get a whole lot worse."
- Jim Butcher
Dig your way out, they said...

Bill Bonner, "Alien Inflation"

"Alien Inflation"
Extraterrestrial life force demands to be taken to see Janet Yellen.
by Bill Bonner

Baltimore, Maryland - "You’d think inflation were like an invasion from space. It caught us all by surprise; no one on earth had anything to do with it. But Janet Yellen was chairman of the President’s council of economic advisors… a regional Fed bank jefe, then VP of the Fed, then Fed chairman… and now Treasury Secretary. She, more than any human being, should be held responsible for the last quarter of a century’s inflationary policies. She was right there in the room… and at the head of the table… when the Fed was pumping in cash and credit. And now, she announces that she hates aliens! 

Fox News: "Janet Yellen warns US inflation is 'unacceptably high' after June data shocker." "Inflation is unacceptably high, and that's something that's evident from Wednesday's report," Yellen said during a news conference in Bali ahead of the Group of 20 finance ministers' meeting. "And I believe it's appropriate that it's our top - it should be the top priority to bring inflation down."

Her comments came just one day after the Labor Department reported that the consumer price index, a broad measure of the price for everyday goods, including gasoline, groceries and rents, rose 9.1% in June from a year ago. Prices jumped 1.3% in the one-month period from May. Those figures were both far higher than the 8.8% headline figure and 1% monthly gain forecast by Refinitiv economists, underscoring just how strong inflationary pressures in the economy still are. What’s her solution: price controls! She also noted the Biden team is working on placing a price cap on Russian oil in order to "avoid potential future spikes in oil prices."

Hey, why didn’t we think of that? Don’t want prices to rise? Put on a ‘price cap.’ Sure… why not? And maybe she could get some advice from Argentina or Venezuela on how to make those price caps work.

How to Ruin a Country: In the meantime, don’t expect inflation to back off much. Fox News tells us there are more price increases in the pipeline: "Wholesale inflation surges 11.3% in June, accelerating more than expected." Once inflation is underway, it’s hard to bring it back under control. Which just gives us more evidence that you can’t jack-up, jimmy, or jerk around an economy without doing some collateral damage. And in US policies, we see collateral damage everywhere we look… and direct hits, too.

There are two sure ways to ruin a country, wrote Hemingway – war and inflation. As to the former, Jeffrey Sachs summarizes: "The war in Ukraine is the culmination of a 30-year project of the American neoconservative movement. The Biden Administration is packed with the same neocons who championed the US wars of choice in Serbia (1999), Afghanistan (2001), Iraq (2003), Syria (2011), Libya (2011), and who did so much to provoke Russia’s invasion of Ukraine. The neocon track record is one of unmitigated disaster, yet Biden has staffed his team with neocons. As a result, Biden is steering Ukraine, the US, and the European Union towards yet another geopolitical debacle."

One dumb war after another. And $10 - $15 trillion down the drain. The ‘armed wing of the deep state’ – the war mongers on the banks of the Potomac – have gotten richer. Everyone else has gotten poorer. And it is the same with the ‘money’ policies. Here, we will summarize them ourselves...

Printing’ $8 trillion new dollars since 1999...Dropping interest rates below zero and keeping them there for almost ten years…Shutting down the productive economy to defend against a bug that was mostly a serious threat to retired people...Distributing billions of dollars in stimmies, loans you don’t have to pay back, and unemployment benefits that were higher than salaries...Curtailing investment in vital energy projects… putting sanctions on a major supplier of wheat and oil…

A Pike or Two: Like the war policies, these programs transferred real wealth from the people who earned it to privileged groups who received it. And they’ve left everyone else poorer. GDP growth rates have come down. Prices have gone up. The typical person has to work more hours to afford the same standard of living.

The average house in 1999 sold for $131,000. Today, it is $428,000. The average hourly wage in 1999 was $5.15. Today, it is $10.86. You can do the math yourself… but here’s the answer: it took the working stiff 12 years of work to pay for his house at the end of the 20th century. Today, he’ll work for 19 years to pay for his digs. We don’t expect the fellow to do any long division. But when some future president tells him to light a torch and march on the capitol, he’ll probably do it. And this time, he’ll bring a pike or two. More about why we may be looking at the Last Days of the Western Democracies, next time..."

The Daily "Near You?"

Amsterdam, Noord-Holland, Netherlands. Thanks for stopping by!

"Is A US-Russia War Becoming Inevitable?"

"Is A US-Russia War Becoming Inevitable?"
by Pat Buchanan

"At the NATO summit in Madrid, Finland was invited to join the alliance. What does this mean for Finland? If Russian President Vladimir Putin breaches the 830-mile Finnish border, the United States will rise to Helsinki’s defense and fight Russia on Finland’s side. What does Finland’s membership in NATO mean for America? If Putin makes a military move into Finland, the U.S. will go to war against the world’s largest nation with an arsenal of between 4,500 and 6,000 battlefield and strategic nuclear weapons.*

No Cold War president would have dreamed of making such a commitment - to risk the survival of our nation to defend territory of a country thousands of miles away that has never been a U.S. vital interest. To go to war with the Soviet Union over the preservation of Finnish territory would have been seen as madness during the Cold War.

Recall: Harry Truman refused to use force to break Joseph Stalin’s blockade of Berlin. Dwight Eisenhower refused to send U.S. troops to save the Hungarian freedom fighters being run down by Soviet tanks in Budapest in 1956. Lyndon B. Johnson did nothing to assist the Czech patriots crushed by Warsaw Pact armies in 1968. When Lech Walesa’s Solidarity was smashed on Moscow’s order in Poland in 1981, Ronald Reagan made brave statements and sent Xerox machines.

While the U.S. issued annual declarations of support during the Cold War for the “captive nations” of Central and Eastern Europe, the liberation of these nations from Soviet control was never deemed so vital to the West as to justify a war with the USSR. Indeed, in the 40 years of the Cold War, NATO, which had begun in 1949 with 12 member nations, added only four more - Greece, Turkey, Spain and West Germany.

Yet, with the invitation to Sweden and Finland to join as the 31st and 32nd nations to receive an Article 5 war guarantee, NATO will have doubled its membership since what was thought - certainly by the Russians - to have been the end of the Cold War.

All the nations once part of Moscow’s Warsaw Pact - East Germany, Poland, Hungary, the Czech Republic, Slovakia, Romania, Bulgaria - are now members of a U.S.-led NATO - directed against Russia. Three former republics of the USSR - Estonia, Latvia, Lithuania - are now also members of NATO, a military alliance formed to corral and contain the nation to which they had belonged during the Cold War. Lithuania, with 2% of Russia’s population, has just declared a partial blockade of goods moving across its territory to Kaliningrad, Russia’s enclave on the Baltic Sea. To Putin’s protest, Vilnius has reminded Moscow that Lithuania is a member of NATO.

It is a dictum of geostrategic politics that a great power ought never cede to a lesser power the ability to draw it into a great war. In 1914, the kaiser’s Germany gave its Austrian ally a “blank check” to punish Serbia for its role in the assassination of the Archduke Francis Ferdinand, heir to the Austrian throne. Vienna cashed the kaiser’s check and attacked Serbia, and the Great War of 1914-1918 was on.

In March 1939, Neville Chamberlain issued a war guarantee to Poland. If Germany attacked Poland, Britain would fight on Poland’s side. Fortified with this war guarantee from the British Empire, the Poles stonewalled Hitler, refusing to talk to Berlin over German claims to the city of Danzig, taken from her at the 1919 Paris Peace Conference. On Sept. 1, 1939, Hitler attacked and Britain declared war, a war that lasted six years and mortally wounded the British Empire. And Poland? At Yalta in 1945, Winston Churchill agreed that a Soviet-occupied Poland should remain in Stalin’s custody.

Putin is a Russian nationalist who regards the breakup of the USSR as the greatest calamity of the 20th century, but he is not alone responsible for the wretched relations between our countries. We Americans have played a leading role in what is shaping up as a Second Cold War, more dangerous than the first.

Over the last quarter-century, after Russia dissolved the Warsaw Pact and let the USSR break apart into 15 nations, we pushed NATO, created to corral and contain Russia, into Central and Eastern Europe. In 2008, neocons goaded Georgia into attacking South Ossetia, provoking Russian intervention and the rout of the Georgian army.

In 2014, neocons goaded Ukrainians into overthrowing the elected pro-Russian regime in Kyiv. When they succeeded, Putin seized Crimea and Sevastopol, for centuries the home base of Russia’s Black Sea fleet.

In 2022, Moscow asked the U.S. to pledge not to bring Ukraine into NATO. We refused. And Putin attacked. If Russians believe their country has been pushed against a wall by the West, can we blame them?

Americans appear dismissive of dark Russian warnings that rather than accept defeat in Ukraine, the humiliation of their nation, and their encirclement and isolation, they will resort to tactical nuclear weapons. Is it really wisdom to dismiss these warnings as “saber-rattling”?"
Do we really want to do this?
Full screen recommended.
*"Russia Tests 'Sarmat' Missile Dubbed 'Satan 2';
 Putin Warns West to 'Think Twice'"

"Extinction is the rule. Survival is the exception." 
- Carl Sagan

"We are so close to the brink... Russia is reported to have conducted a test launch of the RS-28 (15A28) Sarmat ICBM, which will replace the Soviet R-36M2 Voyevoda missile. This is the worlds largest nuclear missile that includes 15 warheads each with high nuclear yield. According to Russian information, on April 24, a Sarmat ICBM test launch took place from Plesetsk in the Arkhangelsk region with the final destination being the Kura training field in Kamchatka. It is worth noting that this information was leaked to the Russian media immediately after the loss of the Moskva cruiser. The Russians note that there is no reason to follow the example of the US, which canceled the test launches of Minuteman III twice in March and April of this year under the fictitious pretext of "non-escalation" of the situation. Launch is only necessary for a complete re-equipment."

RS-28 Sarmat
15 warheads per missile, 11,000 mile range, hypersonic speed of 15,880 mph.
 We had better pray to God it doesn't happen...
Full screen recommended.
"Poseidon: 
Russian Underwater Drone That Can Sink Britain"
Consider what a 1,640 foot high tsunami wave would do to 
the entire East Coast of the US... from Maine to Florida. 
As far inland as W. Virginia. All gone...

"Old Way, New Way"

"Old Way, New Way"
by Dmitry Orlov

"The hardest part of living through a time of wrenching change is that nobody particularly bothers to inform you that the times have changed and that nothing will be the same again. Certainly not the talking heads on TV, who are often the last to know. You have to figure it out for yourself if you can. But I am here to help.

It all has to do with energy. Not with technology - that’s incidental; not with military superiority - that’s fleeting and largely imaginary; certainly not with any sort of political or cultural self-righteousness - that’s delusional. There is no substitute for energy. If you run low, you can’t switch to running your industrial economy on fiddlesticks. It just shuts down. What’s worse, energy sources are not even particularly substitutable for each other. If you run low on gas, you can’t just switch to coal or to dried dung, even if you are up to your neck in it. Modern industry runs on oil, natural gas, and coal, in that order, and they can be substituted for each other in very limited ways.

Furthermore, energy has to be very cheap. Oil has to be about the cheapest liquid you can buy - cheaper than milk; cheaper even than bottled water. If energy isn’t cheap enough, then all the energy-hungry industry that runs on it becomes unprofitable and shuts down. That’s the stage at which we are now in much of the world. So, what happened?

Once upon a time the US produced most of the oil in the world. But then the prolific wells in West Texas ran out and Saudi Arabia took over as the biggest oil producer. But the US wasn’t about to take that sitting down and hatched an ingenuous plan: Saudi Arabia will sell its oil for printed US dollars, then take most of those dollars and give them back to the US by “investing” it in US “debt”. Everybody else who needed oil had to figure out a way to earn US dollars to buy it, and any US dollars they had left over after buying oil also had to be used to buy up US debt just because: “Nice economy you have there! Now we wouldn’t want anything bad to happen to it, would we?”

Indeed, a few people didn’t get the message (Saddam of Iraq, Qaddafi of Libya) and got their countries bombed. And a whole lot of other defenseless countries got bombed just to keep the others scared. But then Syria, which refused to get the message too, asked the Russians for help. The Russians helped Syria, and now nobody is afraid of the US any more. Meanwhile, the US became spoiled by all this free money, grew fat, lazy, degenerate and weak and amassed the hugest pile of “debt” (in quotes because there is no question of ever repaying it) in all of human history.

In the meantime Russia, being the largest energy-producing country in the world, decided that it has had enough. Under the old scheme, Russia exported its resources cheaply, spend 1/3 of the revenue on imports and allowed 2/3 to leak out of the country, quite a lot of it also used to buy US “debt”. It couldn’t do anything about this right away, and so it spent the last decade developing its military to a point where now the US/NATO are afraid to go near it and its economy to a point where it doesn’t need much of the imports, at least not for a few years. And then a silly thing happened: the US confiscated Russia’s holdings of US “debt,” making everyone in the world take notice and start dumping it - even the Japanese! - sending the entire financial scheme into a tailspin.

Meanwhile, Russia has started to switch from selling its energy exports for dollars and euros, which then leave the country, where they can be confiscated, to selling them for rubles, which stay inside the country. Do you want to buy some Russian energy? Well, figure out how to earn some rubles! And if your own anti-Russian sanctions prevent you from doing so - well, la-di-da, whose fault is that? Also, given that there is now a worldwide energy shortage, the Russians asked themselves: Why sell lots of oil and gas for a little money when you can sell less of them for more money?

These are not projected developments; they are happening now and in real-time. “Hostile nations” (which is all of the West) now need rubles to buy Russian natural gas and there is a plan to extend this scheme to oil exports. And just a couple of days ago Russia’s finance minister, Anton Siluanov, announced that there isn’t much point for Russia to export anything for dollars or euros since Russia doesn’t need them for anything and advised exporters to start using barter arrangements instead. Barter is rather inconvenient, but if offering dollars (or euros) just gets you punched in the teeth, then that’s all there is left.

What sorts of barter arrangements? Well, for instance, there is a very nice gigantic chemical plant in Germany, the Ludwigshafen Chemical Complex in Germany, owned by BASF, that is about to shut down due to a shortage of its main feedstock, which is Russian natural gas. That equipment could be crated up and shipped off to Russia in exchange for some energy products, fertilizer and other key supplies that the Germans will need to keep body and soul together over this coming winter. Are anti-Russian sanctions in the way? Well, la-de-da again! They are not Russia’s problem; somebody else has to find a way around them.

Meanwhile, lots of dead ideas, systems and institutions are piling up in the West. Dead is the Green New Deal (a scheme concocted by people who know neither physics nor even arithmetic) and the Great Reset, and Build Back Better (whatever that was), and the rules-based international order, and Mutual Assured Destruction (if you ask for it, Russia will destroy it, but how mutual is that?). And we are all standing by, waiting for a shout of “Timber!” when the dollar/euro/yen debt pyramid begins to topple.

The world is also waiting with bated breath for a whole lot of pompous but useless busybodies to disappear from public view. Dumping that pompous blowhard Boris Johnson was a good start, but what about Scholz, Macron, Duda, von der Lyin’, Zelensky and a whole host others? Biden is in a category of his own, since it clearly doesn’t matter who is the US president or even if there is one.

The world has changed, but social reality hasn’t yet caught up with political and physical reality. This is the summer of anticipation. The winter of discontent is next. Come next spring, we will all be living on a strange and different planet."
Hat tip to The Burning Platform for this material.

"Of Course..."

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

"Car Repos Are Exploding - The Sign of a Bad Economy"

Full screen recommended.
Dan, iAllegedly 7/15/22:
"Car Repos Are Exploding - The Sign of a Bad Economy"
"We have seen car prices absolutely shoot up over the last two years. With the supply chain issues people have resorted to go to expensive used cars. The problem with these used cars is that people are financing them to the hilt, they are not being able to afford to make the payments. There is a tremendous amount of repossessions."
Comments here:

Gregory Mannarino, "We Have Now Entered Into A New Global Hyper-Debt Expansion Cycle"

Gregory Mannarino, AM 7/15/22:
"We Have Now Entered Into A New Global 
Hyper-Debt Expansion Cycle"
Comments here:

"In Case You Were Wondering Why Inflation Has Started To Spiral Wildly Out Of Control…"

"In Case You Were Wondering Why Inflation 
Has Started To Spiral Wildly Out Of Control…"
by Michael Snyder

"When you keep making horrible decisions, eventually the consequences are going to catch up with you. That is true for individuals, and it is also true for entire nations. Here in the United States, previous generations handed down to us the strongest and most stable national currency on the planet. Having the default reserve currency of the world has been a great blessing, because it has enabled us to enjoy a standard of living that is far greater than we actually deserve. But instead of doing their best to preserve and protect our currency, our leaders have decided to systematically destroy it instead. As a result, the rate of inflation has gotten completely out of control, and many experts are extremely concerned about what lies ahead.

It doesn’t take a genius to figure out why we have such a problem with inflation at this point. The money supply has ballooned to levels that were once unthinkable, and this is going to cause massive problems for the foreseeable future. Let me show you what I am talking about. The following chart of how M1 has changed over the years comes directly from the Federal Reserve…
The giant spike that you can see on the chart started during the early stages of the COVID pandemic. Our leaders abandoned any pretense of restraint, and we went “full Weimar” for about two solid years. I warned over and over again that what we were doing was absolutely insane, and now we are starting to experience the consequences.

Many people believe that M2 is a much more accurate measure of the money supply than M1 is, and so let me show you a chart of how M2 has changed
This chart certainly looks better than the previous one, but it is still extremely frightening. We are rapidly destroying the stability of our currency, and as a result our standard of living is being absolutely shredded.

I’ll give you an example. A young lady down in Texas went viral this month when she revealed that she was living in a shed in a desperate attempt to save money…"A young Texas woman who moved into a shed that she purchased for just $2,000 in order to save money amid the housing crisis has opened up about her desperate struggle to cope with the summer heat while living in the property – which has no AC or shower."

Is this what they mean when they tell us that we are going to “own nothing and be happy”? Apparently she was promised that the shed would be “fully livable”, but she quickly found out that wasn’t exactly true…"However, in a video shared to her TikTok, which gained over one million views, Elizabeth revealed that she was ‘ripped off by the builders’ because she was under the impression it was a fully livable shed and is ‘dying’ in the Houston heat while thinking about how ‘nice’ a shower would be." The good news is that her father came down from South Carolina and installed lights and air conditioning. So now Elizabeth and her boyfriend will be able to cool off during the summer months. But they still have no way to bathe.

Sadly, the truth is that they are far better off than hundreds of millions of others around the globe right now. As energy costs and food costs go absolutely haywire, we are starting to see widespread civil unrest in various parts of the world. For example, check out what is currently going on in Sri Lanka…"The political crisis triggered by months of socialist economic collapse in Sri Lanka continued on Wednesday with violent clashes between protesters and soldiers, resulting in upwards of 80 people hospitalized in one day and the military announcing soldiers were “empowered” to attack civilians if deemed necessary.

The Democratic Socialist Republic of Sri Lanka, governed for the better part of the past two decades primarily by the populous Rajapaksa family, began to run out of food, medicine, oil fuels, natural gas, and nearly every other basic good in March, the result of lavish government spending and the imposition of “green” policies that banned chemical fertilizer use."

They promised us that the “green revolution” would change everything, and they were right. Things are starting to get really crazy in Albania too.
Update: Albania… https://t.co/5OYzpjvdBd
- EndGameWW3 đŸ‡ºđŸ‡¸ (@EndGameWW3) July 9, 2022

And what we are witnessing in Panama right now is extremely alarming.
đŸ‡µđŸ‡¦ #Panama goes out to protest high fuel prices and corruption from the province of Veraguas, the Inter-American highway is closed. pic.twitter.com/noynoKXkKf
- PN News (@PN_News_EN) July 6, 2022

All over the globe, energy and food are traded in U.S. dollars. When interest rates rise in the U.S., the dollar tends to go up relative to other global currencies, and that makes things much harder for those at the very bottom of the economic food chain. Unfortunately, in a desperate attempt to get inflation under control in the U.S., the Federal Reserve has been aggressively raising interest rates.

And we are now being warned that the Fed could raise rates “by a full percentage point” at the next meeting…"Investors see a growing probability that the Federal Reserve could hike interest rates by a full percentage point at its next meeting for the first time in the modern era. In June, the Fed raised interest rates by three-quarters of a percentage point, which it hadn’t done since 1994."

Considering the fact that we are plunging into a recession, it would be absolutely insane for the Fed to do such a thing. But they seem quite serious about making another big move. In fact, the head of the Atlanta Fed just publicly told us that “everything is in play” at the next Fed gathering…"Atlanta Federal Reserve Bank President Raphael Bostic said Wednesday that “everything is in play” when asked about the prospect of the central bank raising interest rates by a full percentage point later this month, expressing concern over the morning’s news that inflation hit a fresh 40-year-high in June. Bostic told reporters he still needed to study the “nuts and bolts” of the latest data, but said he felt “today’s numbers suggest the trajectory is not moving in a positive way.”

The Fed seems to be obsessed with trying to tame inflation here in the U.S., but in the process they will essentially be exporting a tremendous amount of inflation to the rest of the globe. Food and energy will become significantly more expensive all over the planet. And since much of the debt that poor countries owe is denominated in dollars, we also run the risk of sparking an unprecedented global debt crisis.

The total amount of debt in the world has crossed the 300 trillion dollar mark, and if that bubble bursts we will suddenly be facing the sort of historic financial catastrophe that I have been warning about for years. Our leaders thought that they could endlessly flood the system with money without ever suffering any serious consequences. They were dead wrong, and now the entire world is going to suffer excruciating pain as a result."

"Empty Shelves Everywhere At Family Dollar! Major Price Increases!"

Full screen recommended.
Adventures with Danno, 7/15/22:
"Empty Shelves Everywhere At Family Dollar!
Major Price Increases!"
"In today's vlog we are at Family Dollar and are noticing empty shelves everywhere! We are here to check out value items, but all we are finding are massive price increases on everything! It's getting rough out here as stores are struggling with getting in products!
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"The Financial Mind-War"

"The Financial Mind-War"
by Abundantia

"Zealots clad in heavy uniforms of iron and steel, the Teutonic Knights were warriors who fought in the name of God. Founded in the year 1190 A.D., the Orden der BrĂ¼der vom Deutschen Haus St. Mariens in Jerusalem - the Order’s full name - was made up of knights who initially offered themselves as soldiers and servants to Europe’s Catholic kings. Their mission was the violent execution of the word of their Lord; their reward was hefty payments of silver and gold.

But while they were skilled in enacting the will of their God via the heavy fall of a spiked mace, or with the sharpened edge of a blade, the Teutonic Order eventually became masters of an altogether more effective weapon: governance. With the assistance and blessing of the Holy Roman Emperor himself, in the year 1230 the Teutonic Knights acquired a piece of European soil to call their own. After conquering the region of Ziemia CheÅ‚miÅ„ska in Poland, they lay claim to it, renaming it the Monastic State of the Teutonic Knights. The Order’s success had finally given them land. But over the years, their expansion continued.

By the fifteenth century, the Order would rule an area that stretched almost 1,400km across the length of the Baltic Sea. Its kingdom swept from the north east of Germany, all the way to the westernmost border of the Grand Duchy of Moscow. But like all who acquired land by bloodshed in Europe at the time, there was always the risk someone else would be willing to return the favor.

In the summer of 1414, a simple border dispute between the Teutonic Knights and the Grand Duchy of Lithuania would eventually devolve into open war. Beset on all sides by the superior forces of Poland and Lithuania, the Teutonic Knights retreated into their strongholds to await siege. The Order’s Grand Master - Michael KĂ¼chmeister von Sternberg - desired to deprive the invading armies of food and animal feed, and so ordered the mass burning of local croplands and grain stores, as his knights made their way to the safety of their castles. These same scorched earth tactics were echoed by the invaders, who immolated anything that hadn’t already been ravaged by the torches of the Order.

In the end, however, neither side would see victory. A stalemate lasting two years would end in a truce, where neither belligerent would gain any more ground than they controlled before.

The war was over. But its consequences lingered. Due to the destruction of food and crops sanctioned by KĂ¼chmeister, widespread famine and pestilence beset the region. And without adequate food, the citizens of the Teutonic Order’s kingdom revolted, seeking a target responsible for their misfortune.

KĂ¼chmeister, of course, wasn’t willing to take the fall. Instead, he ordered heralds of the realm to spread false news that it was the invaders who were first to destroy the crops, and that he only acted out of retaliation. The deception worked. KĂ¼chmeister’s people were pacified, their anger redirected at the kingdom’s foreign enemies, and his knightly order would go on to rule until well into the sixteenth century.

The names of the nations the Teutonic Knights once governed have mostly changed over the centuries. We know them today as Estonia, Latvia, Lithuania, northernmost Poland, and the Russian enclave of Kaliningrad. But one thing which hasn’t morphed with the passing of time, is the desire of our nation’s leaders to blame others for their handiwork.

In the United States, Joe Biden is blaming “Putin’s Price Hike” on the fact that petrol prices are at the highest they’ve ever been globally. And while there is a small amount of truth to this story, unfortunately it does nothing to illustrate the full picture, or take into account some of the more localized reasons for rising gas prices in the US.

European leaders also want to throw shade on Putin, saying we should be pointing fingers at him for an impending global food crisis. What they won’t tell you, however, is that many of the same heads of state are responsible for Europe’s dependency on cheap Russian and Ukrainian grain, and that they’ve also helped write laws that set aside up to 58% of some of Europe’s own potential food crops to be used in the production of biofuels, instead of food.

In Australia, the recently ousted Liberal government that has been the nation’s steward for more than a decade, is already blaming the newly installed Labor leadership for the nation’s insane housing crisis - where the cost of an average home has risen by 25% over the past year, and where its largest city Sydney is now the second least affordable place on Earth to buy real estate. All this despite the fact that Labor had only been in power for a little over a few months.

In Canada, Trudeau has become a master of blaming his own people for rising up against him, when some of them predictably disagree with the draconian legislations his government has recently implemented. And when Canadians express their umbrage, his response is to threaten legal action, or to remove their fundamental human rights to access their own money.

And finally, almost without exception, governments around the world are blaming a health crisis from two years past for the rampant inflation we’re all experiencing today. When in almost every case, it was they who allowed the printing of trillions in extra money, that led to this problem in the first place.

Before I go any further, let me ask you this: have any of the examples I’ve just given triggered you, or found you wanting to come to the defense of any of the leaders mentioned? If so, I want you to leave aside any political or national affiliations that may have caused this reaction in you. Because the plain truth is, I’m not taking sides. I’m not a fan of Biden, Trudeau, or Australia’s former conservative government, any more than I am of those on the other side of the aisle.

Instead, I’m trying to make the point that no matter what crisis arises, and no matter the financial or economic stress you’re currently under, your leaders will never take any of the heat for it. When life becomes unaffordable, unreasonable, or unliveable, they’ll blame foreign powers, past events, and potentially even you. It doesn’t matter who takes the fall. As long as it’s not them.

To many, it’s a terrifying thought that our leaders are almost without exception either incompetently stupid, asleep at the wheel, apathetic towards our needs, or at worst, blatantly corrupt. But to me, accepting these truths isn’t something to fear.

Instead, I see it as an open door. It’s an opportunity to realize that when it really comes down to it, you’re on your own. That no matter who is to blame for the greater financial circumstances that are affecting your life, your leaders are never going to admit fault. Most likely, they’ll deflect to whatever scapegoat is convenient at the time, in an attempt to direct your anger elsewhere.

I’m here to tell you that regardless of who is to blame for the financial circumstances of the world right now, it shouldn’t really matter. All that does matter are the actions you personally take to improve or enrich your own life.

Yes, someone is to blame for all of this. But whoever that may be, they’ll never be honest about it, so don't waste your valuable time or mental energy thinking about it. Most people could do those things. But most people won't and don’t. Instead, most people are living in a political news cycle that is constantly pointing the finger, laying blame, and misdirecting people from what truly matters, taking care of themselves.

At the very least, you should of course be aware of the economic and financial state of the world. But stop worrying about who made it happen. Because in the grand scheme of things, it doesn’t really matter. Instead, focus on the conditions you want to bring about in your own life."

"How It Really Is"

"Nine Meals from Anarchy"

"Nine Meals from Anarchy"
by Jeff Thomas

"In 1906, Alfred Henry Lewis stated, “There are only nine meals between mankind and anarchy.” Since then, his observation has been echoed by people as disparate as Robert Heinlein and Leon Trotsky. The key here is that, unlike all other commodities, food is the one essential that cannot be postponed. If there were a shortage of, say, shoes, we could make do for months or even years. A shortage of gasoline would be worse, but we could survive it, through mass transport or even walking, if necessary.

But food is different. If there were an interruption in the supply of food, fear would set in immediately. And, if the resumption of the food supply were uncertain, the fear would become pronounced. After only nine missed meals, it’s not unlikely that we’d panic and be prepared to commit a crime to acquire food. If we were to see our neighbor with a loaf of bread, and we owned a gun, we might well say, “I’m sorry, you’re a good neighbor and we’ve been friends for years, but my children haven’t eaten today – I have to have that bread – even if I have to shoot you.”

But surely, there’s no need to speculate on this concern yet. There’s nothing on the evening news yet to suggest that such a problem might be on the horizon. So, let’s have a closer look at the actual food distribution industry, compare it to the present direction of the economy, and see whether there might be reason for concern.

The food industry typically operates on very small margins – often below 2%. Traditionally, wholesalers and retailers have relied on a two-week turnaround of supply and anywhere up to a 30-day payment plan. But an increasing tightening of the economic system for the last eight years has resulted in a turnaround time of just three days for both supply and payment for many in the industry. This a system that’s still fully operative, but with no further wiggle room, should it take a significant further hit.

If there were a month where significant inflation took place (The Feds lie say 9.1%; really now at least 17%), all profits would be lost for the month for both suppliers and retailers, but goods could still be replaced and sold for a higher price next month. But, if there were three or more consecutive months of inflation, the industry would be unable to bridge the gap, even if better conditions were expected to develop in future months. A failure to pay in full for several months would mean smaller orders by those who could not pay. That would mean fewer goods on the shelves. The longer the inflationary trend continued, the more quickly prices would rise to hopefully offset the inflation. And ever-fewer items on the shelves.

From Germany in 1922, to Argentina in 2000, and to Venezuela in 2016, this has been the pattern whenever inflation has become systemic, rather than sporadic. Each month, some stores close, beginning with those that are the most poorly capitalized.

In good economic times, this would mean more business for those stores that were still solvent, but in an inflationary situation, they would be in no position to take on more unprofitable business. The result is that the volume of food on offer at retailers would decrease at a pace with the severity of the inflation.

However, the demand for food would not decrease by a single loaf of bread. Store closings would be felt most immediately in inner cities, when one closing would send customers to the next neighborhood seeking food. The real danger would come when that store also closes and both neighborhoods descended on a third store in yet another neighborhood. That’s when one loaf of bread for every three potential purchasers would become worth killing over. Virtually no one would long tolerate seeing his children go without food because others had “invaded” his local supermarket.

In addition to retailers, the entire industry would be impacted and, as retailers disappeared, so would suppliers, and so on, up the food chain. This would not occur in an orderly fashion, or in one specific area. The problem would be a national one. Closures would be all over the map, seemingly at random, affecting all areas. Food riots would take place, first in the inner cities then spread to other communities. Buyers, fearful of shortages, would clean out the shelves.

Importantly, it’s the very unpredictability of food delivery that increases fear, creating panic and violence. And, again, none of the above is speculation; it’s a historical pattern – a reaction based upon human nature whenever systemic inflation occurs.

Then… unfortunately… the cavalry arrives. At that point, it would be very likely that the central government would step in and issue controls to the food industry that served political needs rather than business needs, greatly exacerbating the problem. Suppliers would be ordered to deliver to those neighborhoods where the riots are the worst, even if those retailers are unable to pay. This would increase the number of closings of suppliers.

Along the way, truckers would begin to refuse to enter troubled neighborhoods, and the military might well be brought in to force deliveries to take place. (If truckers could afford $5.75 a gallon diesel fuel.)

So, what would it take for the above to occur? Well, historically, it has always begun with excessive debt. We know that the debt level is now the highest it has ever been in world history. (US debt as of July 2022: $30.5 trillion; World debt as of Feb. 2022: $303 trillion.) In addition, the stock and bond markets are in bubbles of historic proportions. They will most certainly pop.

With a crash in the markets, deflation always follows as people try to unload assets to cover for their losses. The Federal Reserve (and other central banks) has stated that it will unquestionably print as much money as it takes to counter deflation. Unfortunately, inflation has a far greater effect on the price of commodities than assets. Therefore, the prices of commodities will rise dramatically, further squeezing the purchasing power of the consumer, thereby decreasing the likelihood that he will buy assets, even if they’re bargain priced. Therefore, asset holders will drop their prices repeatedly as they become more desperate. The Fed then prints more to counter the deeper deflation and we enter a period when deflation and inflation are increasing concurrently.

Historically, when this point has been reached, no government has ever done the right thing. They have, instead, done the very opposite – keep printing. A by-product of this conundrum is reflected in the photo above. Food still exists, but retailers shut down because they cannot pay for goods. Suppliers shut down because they’re not receiving payments from retailers. Producers cut production because sales are plummeting.

In every country that has passed through such a period, the government has eventually gotten out of the way and the free market has prevailed, re-energizing the industry and creating a return to normal. The question is not whether civilization will come to an end. (It will not.) The question is the liveability of a society that is experiencing a food crisis, as even the best of people are likely to panic and become a potential threat to anyone who is known to store a case of soup in his cellar.

Fear of starvation is fundamentally different from other fears of shortages. Even good people panic. In such times, it’s advantageous to be living in a rural setting, as far from the centre of panic as possible. It’s also advantageous to store food in advance that will last for several months, if necessary. However, even these measures are no guarantee, as, today, modern highways and efficient cars make it easy for anyone to travel quickly to where the goods are. The ideal is to be prepared to sit out the crisis in a country that will be less likely to be impacted by dramatic inflation – where the likelihood of a food crisis is low and basic safety is more assured."

Thursday, July 14, 2022

Canadian Prepper, "'All Hell Will Break Loose' World Leaders Warning"

Canadian Prepper, 7/14/22:
"'All Hell Will Break Loose' World Leaders Warning"
"'All Hell will break loose' according to Serbian president... get ready."
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"If You're Scared You Should Be; FED Printing Press Overheating; Credit Crisis; Food Banks Panic"

Jeremiah Babe, 7/14/22:
"If You're Scared You Should Be; 
FED Printing Press Overheating; Credit Crisis; Food Banks Panic"
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"America’s Summer Exodus: Thousands Flee The Cities Every Day Because They Don’t Feel Safe"

Full screen recommended.
"America’s Summer Exodus: Thousands Flee
 The Cities Every Day Because They Don’t Feel Safe"
by Epic Economist

"A sudden mass exodus away from our major cities has become the greatest migration event in modern American history. Millions are moving to smaller, suburban communities despite soaring housing prices simply because they don’t feel safe in our core urban areas anymore. The relocating patterns are making home prices crash in some markets while others are seeing housing costs reach absolutely insane levels. The trend, however, highlights that the wealthy are snatching the most desirable properties, consequently pushing the price of otherwise affordable homes to skyrocket, and leaving middle-class families priced out of most markets while working-class families are having to live in poverty-stricken regions.

We used to have some of the most beautiful cities in the world, and we still do, but for many, the beauty doesn’t compensate for the collapsing infrastructure, rising rates of offenses, social decay, and the slowdown of local economies. In fact, historian Victor Davis Hanson is using the word “apocalyptic” to describe some of them. According to a recent article published by the New York Times, hundreds of thousands of people have already left the Big Apple. After losing so many residents, some were expecting that the mass exodus would be slowing down, but that does not appear to be happening.

In fact, new tax data shows that over the past couple of years the City has faced a steep population loss. Approximately 500,000 people fled New York - 330,000 of them in 2020 alone, in an exodus described by officials as a once-in-a-century shock to the city’s population. In other words, 8.5% of the city’s residents have moved away looking for better living conditions. Of course, all of those people need to have somewhere to go, and the most popular destinations have been Florida, Arizona, Texas, and Tennessee, a U-Haul survey found. As a result, those places have actually seen some of the highest housing prices in the entire nation.

Zillow economist Nicole Bachaud argues that the relocation of affluent Americans to upper-middle-class neighborhoods is pricing out middle-class families as the competition for a shrinking pool of available homes oftentimes leads to bidding wars. Right now, we have very few homes and a lot of people trying to buy them, she said. Nationally, only 49% of American families living in metropolitan areas can say that their neighborhood income level is within 25% of the regional median. A generation ago, 62% of families lived in these middle-income neighborhoods.

This trend highlights that wealthy families can see that things in the U.S. are about to take an apocalyptic turn and that the big cities will not be a safe place when the next economic recession hits, and rioting, looting, civil unrest, and the rate of delinquencies all start spiraling out of control. The top 1% plans to ride out the coming American apocalypse in style while the world above them is literally going insane. Sadly, a big share of the general population continues to be completely oblivious to what is about to happen to them, and so the events that are coming will close upon them suddenly like a trap and there will be no escape. Meanwhile, countless other Americans also seem to be deeply alarmed about the near future, because we have never seen a mass exodus of this magnitude in modern American history."

Gerald Celente, "Dragflation Alert! Economic Calamity On The Near Horizon"

Full screen recommended.
Strong Language Alert!
Gerald Celente, 7/14/22:
"Dragflation Alert! Economic Calamity On The Near Horizon"
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Musical Interlude: Jefferson Airplane, "White Rabbit"

Full screen recommended.
Jefferson Airplane, "White Rabbit"
“Reality is what we take to be true.
What we take to be true is what we believe.
What we believe is based upon our perceptions.
What we perceive depends upon what we look for.
What we look for depends upon what we think.
What we think depends upon what we perceive.
What we perceive determines what we believe.
What we believe determines what we take to be true.
What we take to be true is our reality.”
- Gary Zukav

"A Look to the Heavens"

"Finally It's here the deepest, sharpest infrared view of the universe to date: Webb's First Deep Field. The image shows the galaxy cluster SMACS 0723 as it appeared 4.6 billion years ago. The combined mass of this galaxy cluster acts as a gravitational lens, magnifying much more distant galaxies behind it. Webb s NIRCam has brought those distant galaxies into sharp focus  they have tiny, faint structures that have never been seen before, including star clusters and diffuse features.
This first image from NASA's James Webb Space Telescope is the deepest and sharpest infrared image of the distant universe to date. Known as Webb's First Deep Field, this image of galaxy cluster SMACS 0723 is overflowing with detail. Thousands of galaxies, including the faintest objects ever observed in the infrared, have appeared in Webb's view for the first time. This slice of the vast universe covers a patch of sky approximately the size of a grain of sand held at arms length by someone on the ground."
Full screen recommended.
"NASA Reveals More James Webb Space Telescope Images"
Full screen recommended.
"NASA's James Webb Space Telescope LIVE Tracking View"

"Where Your Gaze Lingers..."

“Sometimes fate is like a small sandstorm that keeps changing directions. You change direction but the sandstorm chases you. You turn again, but the storm adjusts. Over and over you play this out, like some ominous dance with death just before dawn. Why? Because this storm isn’t something that has nothing to do with you, this storm is you. Something inside you. So all you can do is give in to it, step right inside the storm, closing your eyes and plugging up your ears so the sand doesn’t get in, and walk through it, step by step. There’s no sun there, no moon, no direction, no sense of time. Just fine white sand swirling up the sky like pulverized bones.

You have to look! That’s another one of the rules. Closing your eyes isn’t going to change anything. Nothing’s going to disappear just because you can’t see what going on. In fact, things will be even worse the next time you open your eyes. That’s the kind of world we live in. Keep your eyes wide open. Only a coward closes his eyes. Closing your eyes and plugging up your ears won’t make time stand still.”
- Haruki Murakami

“Closing your eyes won’t make the awfulness go away. It may be that nothing will. But dwelling on it, dreading the evil, playing out the misery in your head – doesn’t this feed the monster? You can’t close your eyes to life, but you can choose where your gaze lingers.”
- Richelle E. Goodrich