"Survival Tools"

Listen folks, this is no stupid melodrama! We're out of time! Whether you want to know it or not we're literally in the fight of our lives, for our lives, right now, and it's going to get much, much worse. It is never going back to "normal." Some of you reading this will not survive, and I may not either, so I'll take any edge I can get, and you should too. These work for me. Be as aware as possible and prepare yourself, take whatever proactive  actions you can to protect yourself and your family and brace for impact... God help us...

- CP

Full screen recommended.

"Cognition Enhancer For Clearer and Faster Thinking"

by Jason Lewis - Mind Amend

"This is a high-intensity audio brainwave entrainment session, using isochronic tones. Listen to this when you need a strong burst of intense focus to concentrate and study things like advanced mathematics, scientific formulas, financial analysis or any other complex mental activity. Listen to this track with your eyes open while doing the task/activity you want to focus on. Use this session in the morning, afternoon or early evening, to train your brain for better cognition, focus and thought processing. You can either sit somewhere quiet and comfortable with your eyes closed and give your brain a nice workout, or you can also listen to this while doing an activity that requires a boost in concentration.

Headphones are NOT REQUIRED for this video. Although headphones are not required you may find they produce a more intense effect, because they help to block out distracting external sounds.

"Cognition Enhancer Extended Version"

"Isochronic tones are a fast and effective audio-based way to stimulate your brain. Among many of the benefits, they can help improve focus, relaxation, energy levels, sleep and more, without taking drugs or needing any special equipment. What isochronic tones essentially do is guide your dominant brainwave activity to a different frequency while you are listening to them, allowing you to influence and change your mental state and how you feel."

I strongly suggest you read Comments here:

- https://www.youtube.com/

"Isochronic Tones –

How They Work, the Benefits and the Research"

This is a brainwave entrainment audio session using isochronic tones combined with music. The isochronic tones are the repetitive beats you can hear on top of the music throughout the track. If you are new to this type of audio brainwave entrainment, find out how isochronic tones work and how they compare to binaural beats here: 

- https://www.mindamend.com

○

Full screen highly recommended.

“Neuroscience Says Listening to This Song

Reduces Anxiety by Up to 65 Percent”

By Melanie Curtin

“Everyone knows they need to manage their stress. When things get difficult at work, school, or in your personal life, you can use as many tips, tricks, and techniques as you can get to calm your nerves. So here’s a science-backed one: make a playlist of the 10 songs found to be the most relaxing on earth. Sound therapies have long been popular as a way of relaxing and restoring one’s health. For centuries, indigenous cultures have used music to enhance well-being and improve health conditions.

Now, neuroscientists out of the UK have specified which tunes give you the most bang for your musical buck. The study was conducted on participants who attempted to solve difficult puzzles as quickly as possible while connected to sensors. The puzzles induced a certain level of stress, and participants listened to different songs while researchers measured brain activity as well as physiological states that included heart rate, blood pressure, and rate of breathing.

According to Dr. David Lewis-Hodgson of Mindlab International, which conducted the research, the top song produced a greater state of relaxation than any other music tested to date. In fact, listening to that one song- “Weightless”- resulted in a striking 65 percent reduction in participants’ overall anxiety, and a 35 percent reduction in their usual physiological resting rates. That is remarkable.

Equally remarkable is the fact the song was actually constructed to do so. The group that created “Weightless”, Marconi Union, did so in collaboration with sound therapists. Its carefully arranged harmonies, rhythms, and bass lines help slow a listener’s heart rate, reduce blood pressure and lower levels of the stress hormone cortisol.

When it comes to lowering anxiety, the stakes couldn’t be higher. Stress either exacerbates or increases the risk of health issues like heart disease, obesity, depression, gastrointestinal problems, asthma, and more. More troubling still, a recent paper out of Harvard and Stanford found health issues from job stress alone cause more deaths than diabetes, Alzheimer’s, or influenza.

In this age of constant bombardment, the science is clear: if you want your mind and body to last, you’ve got to prioritize giving them a rest. Music is an easy way to take some of the pressure off of all the pings, dings, apps, tags, texts, emails, appointments, meetings, and deadlines that can easily spike your stress level and leave you feeling drained and anxious.

Of the top track, Dr. David Lewis-Hodgson said, “‘Weightless’ was so effective, many women became drowsy and I would advise against driving while listening to the song because it could be dangerous.” So don’t drive while listening to these, but do take advantage of them:

10. “We Can Fly,” by Rue du Soleil (Café Del Mar)

9. “Canzonetta Sull’aria,” by Mozart

8. “Someone Like You,” by Adele

7. “Pure Shores,” by All Saints

6. “Please Don’t Go,” by Barcelona

5. “Strawberry Swing,” by Coldplay

4. “Watermark,” by Enya

3. “Mellomaniac (Chill Out Mix),” by DJ Shah

2. “Electra,” by Airstream

1. “Weightless,” by Marconi Union

I made a public playlist of all of them on Spotify that runs about 50 minutes (it’s also downloadable).”

- http://www.stumbleupon.com/

"A Catastrophic Debt Implosion Can Be Incredibly Quick"

"A Catastrophic Debt Implosion Can Be Incredibly Quick"

by Egon Von Greyerz

"Will the world experience a catastrophic debt implosion? Just like the Titan Submersible that recently imploded, the global debt bubble can implode “within just a fraction of a millisecond”. More later in the article. Are we now in the third circle in Dante’s Inferno?

Dante describes the 9 circles of hell. The 3rd circle is Gluttony which is fitting for a self indulgent Western world with excessive consumption of both material and financial resources. Each circle represents a gradual increase in evil, culminating at the center of the earth where Satan is held in bondage. The sinners of each circle are punished for eternity in a fashion fitting their crimes. Financial markets have also been dominated by gluttony for an extended period. This has led to the biggest asset bubble in history.

End Of The Current Western Empire: But here we are in the 21st century with the current Western Empire in the final stages of a secular decline which looks very similar to the fall of the Western Roman Empire in the 5th century. Wars, debts, deficits, collapsing currencies, decadence, corruption and socialism – Plus ça change (the more things change, the more they stay the same). Whether this cycle is the end of a 100, 300 or 2000 year era, only future historians will know the answer to.

War Drums And NATO: To diffuse the real reasons for the collapse of the Western economy and the Financial System, there is nothing like starting a war. Leaders love to play real war games although most of them have never been near the front line. A war creates fear in the people and permits the leaders to govern the country irresponsibly, both in relation to the economy and by controlling the people.

So all the Western leaders got together for the NATO meeting in Vilnius, Lithuania last week to listen to Zelensky’s rantings about more money and more weapons in a war that Ukraine is unlikely to ever win. But since this is a proxy war for the real battle between the US and Russia, the West is grudgingly giving in to many of Zelensky’s demands, thus escalating the war to levels which could have catastrophic consequences for the world.

This war could at best lead to 100s of thousands of additional deaths. The Ukrainian people don’t want war, probably more than 10 million of them have left the country and won’t return. Neither the Russian, American or European people want war, only their leaders. When it comes to wars, leaders have ultimate power and also access to money. Although no country has funds available for this war, they all borrow and print to the detriment of the countries and their people. At best this war will be limited but go on for years at a massive cost of lives and resources. At worst we could have a global and nuclear war with disastrous repercussions.

Western leaders would serve their people much better if they instead sent peace makers and focused on their economies which are on the verge of a major implosion. Coming back to debt, this is what will finally destroy the West and likely lead to decades of misery.

US Debt Up By Same Amount In Last 5 Years As The First 221 Years: The latest financial crisis started in September 2019 when the US banking system came under serious pressure and the Fed injected major liquidity into the near bankrupt system. Since that time, total US debt has increased by $21 trillion. Let’s put this into perspective. It took the US 221 years to go from Zero debt in 1776 to $21 trillion in 1997 and just in the last 4 years, debt has gone up by that same $21 trillion.

Now some will argue that it is not the same money today as 200 years ago. No of course it is not the same money. Because every government destroys the value of their currency by creating unlimited amounts out of thin air to the detriment of savers and pensioners. The graph below shows the debt explosion during my working life so far. Up from $1.5 trillion in 1969 to $95T today – a totally mind boggling 63x increase.

To gain power the incumbent government must promise the earth. Once in power they realise that there is no chance of maintaining prosperity without buying votes through chronic deficits and money printing. That’s why there have only been a handful of years since 1930 when US federal debt didn’t go up. Even in the Clinton years debt went up so the surpluses declared were due to false accounting.

But total US debt of $ 95 trillion is only part of the total liabilities. Add to that unfunded liabilities of Social Security and Medicare of say $150 trillion. Then there are gross derivatives within the banking system and in the shadow banking system of probably $2-2.5 quadrillion. This is a form of credit that can easily blow up when counterparties fail.

A Coming Inferno: Coming back to Dante’s Inferno, the 9 circles of hell are: 1. Limbo – where there is no god, 2. Lust, 3. Gluttony, 4. Greed, 5. Wrath, 6. Heresy, 7. Violence, 8. Fraud, and 9.Treachery. Many of the 9 sins in Dante’s Inferno apply to today’s world but maybe Gluttony is one of the more fitting to a self indulgent Western world.

Cerberus, the three-headed beast of hell, guards the gluttons mauling and flaying them for eternity. (Sounds pretty horrible. A more modern version might be the song “Hotel California” by the Eagles – “You can check out any time but you can never leave”.) Also Homer wrote about Cerberus.

What we do know is that in this final phase that probably started in 1913 with the foundation of the Fed and accelerated from 1971 when Nixon closed the gold window we have seen the required excesses or gluttony that inevitably lead to a severe punishment. We have seen historical bubbles in all asset markets whether in Stocks, Bonds, Property and many others. We have also seen debt explode, especially since 1971. As always in the final stages of an empire, real growth first slows down and then stops.

The World Has Reached Peak Cheap Energy: The primary driver of economic growth since the second half of the 1700s has been the discovery and use of energy on an industrial scale, starting with the industrial revolution. The growth of the economy is not driven by money but by energy. As Tim Morgan of Surplus Energy Economics states: “The economy is a surplus energy equation, not a monetary one, and growth in output (and in the global population) since the Industrial Revolution has resulted from the harnessing of ever-greater quantities of energy. But the critical relationship between energy production and the energy cost of extraction is now deteriorating so rapidly that the economy as we have known it for more than two centuries is beginning to unravel.”

The dilemma is that the Energy Cost of Energy is constantly increasing. In 1990 that cost was 2.6% of fossil fuels and is estimated to be 12% in 2025. According to Dr Morgan, with the current Energy Cost of Energy, the real economy as well as prosperity has started to decline and that trend will continue for several decades. Fossil fuels still represent 83% of all energy globally and renewable energy is unlikely to make any significant difference in the next few decades.

So we are now looking at peak cheap energy at a time when asset markets are in bubble territory with debts and deficits at levels which can only result in an implosion. Again let me emphasize that cheap energy is a prerequisite for economic growth.

Panicking Governments Take Irrational Measures: So, what are governments doing about this? They are clearly aware of the risks and this is why they invent all kinds of events that will enable them to control the people. This includes Covid lockdowns, forced vaccinations, climate control, CBDCs (Central Bank Digital Currencies), wars and unlimited rules, regulations and laws. The US for example now has over 300,000 laws controlling all aspects of daily life and making everyone a likely daily felon.

Revaluation Of Gold: I have already in previous articles discussed the seismic shift that will take place from West to East and South based on commodities and manufacturing rather than debt and services. That will be a long process which is just starting: “A DISORDERLY RESET WITH GOLD REVALUED BY MULTIPLES” Whilst a lot of gold investors are excited about the prospect of a BRICS currency backed by gold, personally I think that is far away. The Tweet by an official at the Russian embassy in Kenya is not quite enough to confirm this. As I have already written about here , I believe that gold will be the asset of choice for central banks to hold as reserves rather than dollars. Such a move would have a major impact on gold which I wrote about here: “MAJOR REVALUATION OF GOLD AND PRECIOUS METALS IS IMMINENT”.

So with risks facing the Western world of a magnitude never seen before in history, including geopolitical, financial, economic, the biggest asset and debt bubble in history is coming to an end. It is clearly impossible to predict how this will play out. It is not even worth speculating. What we do know is that risk is now at a level which makes investment markets extremely dangerous. In the next few years major fortunes will be lost permanently.

Asset & Debt Explosion – Implosion: Let’s first look at the spectacle we have witnessed in the last 54 years. This is a selfish time period and reflects when in 1969 my working life started in banking in Geneva.

This period conveniently coincides with Nixon closing the gold window in 1971. That was the end of sound money and the beginning of a free-for-all bonanza in money printing. So during my working life since 1969 US total debt has gone up 63X from $1.5 trillion to $95T. Bubbles always burst, without exception. But we know of course that bubbles can always grow bigger before they burst.

What few people realize is that when a debt bubble explodes or more likely implodes, it could go almost as quickly as the recent implosion of the Titan Submersible. The pressure on this vessel was remarkable: A catastrophic implosion is “incredibly quick,” taking place within just a fraction of a millisecond, said Aileen Maria Marty, a former Naval officer and professor at Florida International University. “The entire thing would have collapsed before the individuals inside would even realize that there was a problem,” she told CNN. “Ultimately, among the many ways in which we can pass, that’s painless.”

I doubt that global debt and the world financial system will implode in a fraction of a millisecond but as I have warned many times, an implosion of the $3 quadrillion of debt and derivatives could happen very, very quickly. It would unroll at such a speed that no central bank would have time to react. And as I have also pointed out, when the debt implodes, so will all the assets which were inflated by the debt.

So even if it doesn’t happen in milliseconds, it will be too quick to save. We saw this in the middle of March when 4 banks, led by Silicon Valley Bank, collapsed in a matter of a couple of days. And shortly thereafter Credit Suisse imploded too.

A World At Crossroads: What is very clear to me is that the Western world is now at a crossroads. As Brutus said in his speech, the right turn “leads on to fortune” whilst with the wrong turn you end up “in shallows and miseries.”

For anyone who realizes the severity of the situation, the choices should be obvious, if not we will “lose our ventures”. Facing such a momentous risk, protecting our families must be the only option."

- https://www.zerohedge.com/

o

Hat tip to ZeroHedge for this material.

"Massive Sales At Kroger! Stock Up Now! Don't Miss This!"

Full screen recommended.

Adventures With Danno, 7/20/23

"Massive Sales At Kroger! 

Stock Up Now! Don't Miss This!"

"In today's vlog, we are at Kroger and finding many items that are worth stocking up on for long and short-term storage! Make sure you take advantage of some of these sales while they're available!"

Comments here:

- https://www.youtube.com/

"American Caligula" (Excerpt)

"American Caligula"

by GrungeVet aka Scipio Eruditus

“Every single morning since I’ve been 27 years old, I’ve got up and someone’s handed me a card like the one I have in my pocket with the schedule on it, of all the things I’m gonna do. I don’t know what to do if I didn’t have that card.”

- President Joseph Robinette Biden

Excerpt: "The name Caligula has become synonymous with sexual depravity and violence, a ruler famed for savage acts of barbarity and carnality. I contest that we have a modern reincarnation of Caligula on America’s shores; personified in a quite public fashion by our alleged President, Joe Biden. Like the Caesars of old, this demented pervert can not contain his foul sexual urges, molesting terrified children on a nearly weekly basis. YouTube montages of this man’s public behavior are appropriately age restricted due to the graphic nature of his pawing. We have watched this man, and many others within the political realm, fall prey to the basest of human desires: pedophilia. Blackmail of this sort has been used by generations of fixer’s — such as Jeffrey Epstein and Roy Cohn - to bend politicians to their master’s will. It has become painfully self-evident that the nations of the once Christian West are ruled by a corrupt and depraved intergenerational criminal cartel; a cartel who holds their pawns in spiritual slavery through sexual bondage of the most horrific nature.

Our taskmasters are not an aberration in this regard, for this monstrous sexual predilection is extraordinarily common amongst the ruling “elite” throughout history. The tales of the Julio-Claudian Caesars of Rome serve as a fitting frame of reference to compare our current ruling class to, for the old pagan ways have returned to the once Christian West in force. The degenerate sexual escapades of the Julio-Claudian dynasty included parental incest, sibling incest, mass public orgies, sodomy, bestiality, cross-dressing, and pedophilia. The Roman historian Suetonius best chronicles the reprobate reign of Caligula (emphasis mine):

"It was his habit to commit incest with each of his three sisters and, at large banquets, when his wife reclined above him, placed them all in turn below him. They say that he ravished his sister Drusilla before he came [of] age: their grandmother Antonia, at whose house they were both staying, caught them in bed together…

He showed no such extreme love or respect for the two surviving sisters, and often, indeed, let his boy friends sleep with them; and at Aemilius Lepidus’ trial, felt no compunction about denouncing them as adulteresses who were party to plots against him – openly producing letters in their handwriting (acquired by trickery and seduction) and dedicating to Mars the Avenger the three swords with which, the accompanying placard alleged, they had meant to kill him." - "Life of Gaius"

One of Caligula’s surviving sisters - Agrippina the Younger - would later go on to birth the future Emperor Nero, with whom she would continue the Julio-Claudian tradition of intergenerational incest.

Rape, sibling incest, and pimping out his sisters were just a small portion of Caligula’s sins. While the Emperor Elagabalus is often referred to as the “first” transgender emperor by leftist historians, it was in my opinion Caligula. Let us once again turn to Suetonius and his Life of the Caesars, which describes the personal habits of Emperor Caligula:

"Gaius [Caligula] paid no attention to traditional or current fashions in his dress; ignoring male conventions and even the human decencies. Often he made public appearances in a cloak covered with embroidery and encrusted with precious stones, a long-sleeved tunic and bracelets; or in silk (which men were forbidden by law to wear) or even in a woman’s robe; and came shod sometimes with slippers, sometimes with buskins, sometimes with military boots, sometimes with women’s shoes. Often he affected a golden beard and carried a thunderbolt, trident, or serpent-twined staff in his hand. He even dressed up as Venus…"

- "Life of Gaius"

Caligula’s profligate homosexual appetites were only matched by his extravagant financial expenditures. With the treasury dwindling, plots against the Emperor grew. The final straw was his announcement that he planned to leave Rome in order to permanently reside in Alexandria, where he would be worshipped as a living god. His short-lived reign ended when the Praetorian Guard stabbed Caligula to death with his wife and daughter. The Roman historian Cassius Dio famously quipped that Caligula “learned by actual experience that he was not a god”. In Caligula we see shades of our own rulers, for the American ruling regime has become inhabited by the same pagan sprits ruling the nations of yore."

Full horrifying article is here:

- https://www.theburningplatform.com/

- https://dfreality.substack.com/

o

Hat tip to the Burning Platform for this material.

"Economic Collapse: ‘All Banks To Fail’, Fed’s Powell To Resign"

Peter Schiff & David Hay, 7/19/23

"Economic Collapse: ‘All Banks To Fail’, Fed’s Powell To Resign"

Comments here:

- https://www.youtube.com/

"Warning: US Banks Stop Lending, Consumers On Borrowed Time; Americans Can't Get A Loan As Rejections Soar"

Jeremiah Babe, 7/19.23

"Warning: US Banks Stop Lending, Consumers On 

Borrowed Time; Americans Can't Get A Loan As Rejections Soar"

Comments here:

- https://www.youtube.com/

"Alert! Oil Supply Is On The Brink Of Collapse As Saudi Arabia Slashes Production"

Full screen recommended.

"Alert! Oil Supply Is On The Brink Of Collapse As Saudi Arabia Slashes Production"

by Epic Economist

"The oil market has taken yet another hit this month as Saudi Arabia deepened oil production cuts to gain further control of prices at a time U.S. officials are failing to boost the domestic Strategic Petroleum Reserve, and supplies are rapidly dwindling. The shock caused by lower global oil output is threatening to undermine U.S. energy stability and send prices at the pump soaring over the next few weeks and months. With the relationship between America and OPEC nations deteriorating, our geopolitical leverage is weakening, and the Saudis are seeing this situation as a perfect opportunity to strengthen their dominance in the global scenario.

Saudi Arabia and a handful of OPEC+ nations have been announcing significant cuts in their oil production this year. The Saudis and Russia, the world's biggest oil exporters, deepened oil cuts earlier this month, sending prices higher for a third time this year. Saudi Arabia said it would extend its voluntary oil output cut while Russian Deputy Prime Minister Alexander Novak said Moscow would cut its oil exports by 500,000 barrels per day in August. Similarly, Algeria said it would cut oil output by an extra 20,000 barrels from Aug. 1-31. The coming cut will be on top of a 48,000 barrel reduction decided in April, it said. The move was swiftly followed by Libyan Oil Minister Mohamed Oun. In all, the coalition, which pumps around 40% of the world's crude oil, already has in place cuts of 3.66 million barrels per day, amounting to 3.6% of global demand.

OPEC leaders continue to point to an uncertain demand outlook as the catalyst for their decision. Moreover, many officials in Riyadh, the Saudi capital, were reportedly frustrated that U.S. Energy Secretary Jennifer Granholm recently said that it would be “difficult” for the United States to refill its Strategic Petroleum Reserve this year. In January, the administration said it would boost its domestic reserves when oil dropped below around $70 a barrel, as it did for a brief period after the failure of Silicon Valley Bank. However, that opportunity was missed, and now U.S. supplies are rapidly shrinking.

The combination of a recession, the crisis in the banking sector and the reopening of the Chinese economy is making most analysts project a significant decline in global oil supply this year and next, after many decades of underinvestment to build new capacity. The latest production cut means that a tighter market and higher oil prices will arrive sooner than previously expected. That may be a disastrous scenario for America, but for the Saudis, spiking oil prices could more than compensate for lower sales, boosting OPEC revenues.

The price of oil on global markets is a major driver of gasoline prices in America, so as the price of oil goes up, gasoline prices will follow, and we should start bracing for a repeat of what happened last year when oil prices surged, sending the national average price for gasoline to a record of as much as $5 per gallon. This summer, prices remained at the $3.50 average per gallon, bringing some relief to Americans after several months of rising inflation. But these lower costs didn’t come as a result of higher inventories. Instead, they were caused by political decisions amid the growing disapproval of the administration in recent polls.

Our national reserves have been depleted, and higher oil prices will make it even harder for us to rebuild domestic inventories. While other economic superpowers have become more independent, now more than ever, the U.S. is relying on other nations for resources, and that will come at a very expensive price for all of us."

Comments here:

- https://www.youtube.com/

Musical Interlude: Kevin Kern, "Another Realm"

Full screen recommended.

Kevin Kern, "Another Realm"

Beautiful...

"A Look to the Heavens"

"Gorgeous spiral galaxy NGC 3521 is a mere 35 million light-years away, toward the constellation Leo. Relatively bright in planet Earth's sky, NGC 3521 is easily visible in small telescopes but often overlooked by amateur imagers in favor of other Leo spiral galaxies, like M66 and M65. It's hard to overlook in this colorful cosmic portrait, though. Spanning some 50,000 light-years the galaxy sports characteristic patchy, irregular spiral arms laced with dust, pink star forming regions, and clusters of young, blue stars.

Remarkably, this deep image also finds NGC 3521 embedded in gigantic bubble-like shells. The shells are likely tidal debris, streams of stars torn from satellite galaxies that have undergone mergers with NGC 3521 in the distant past."

- https://apod.nasa.gov/apod/ap210402.html

"Humanity, I Love You..."

"Humanity, I love you because when you're down

and out you pawn your intelligence for a drink."

- e.e. cummings

"Noli Timere: The Important Thing Is to Not Be Afraid”

"Noli Timere:

The Important Thing Is to Not Be Afraid”

by Ryan Holiday

"While Seamus Heaney, the world-famous Irish poet and Nobel Prize Winner, was being rushed to the operating room he sent a single text message to his wife with just two words: "Noli Timere." This Latin phrase when translated to English means "Be not afraid." Heaney passed away not long after.

“There was no virtue more important to the Stoics than courage, particularly in times of stress or crisis. In scary times, it’s easy to be scared. Events can escalate at any moment. There is uncertainty. You could lose your job. Then your house and your car. Something could even happen with your kids. Of course we’re going to feel something when things are shaky like that. How could we not?

Even the Stoics, who were supposedly masters of their emotions, admitted that we are going to have natural reactions to the things that are out of our control. You’re going to feel cold if someone dumps a bucket of water on you. Your heart is going to race if something jumps out from behind a corner. These are things the Stoics openly discussed.

They had a word for these immediate, pre-cognitive impressions of things: phantasiai. No amount of training or wisdom, Seneca said, can prevent us from having these reactions. What mattered to them, and what is urgently needed today in a world of unlimited breaking news about pandemics or collapsing stock markets or military conflicts, was what you did after that reaction. What mattered is what came next.

There is a wonderful quote from Faulkner about this very idea. “Be scared,” he wrote. “You can’t help that. But don’t be afraid.” A scare is a temporary rush of a feeling. Being afraid is an ongoing process. Fear is a state of being. The alertness that comes from being startled might even help you. It wakes you up. It puts your body in motion. It’s what saves prey from the tiger or the tiger from the hunter. But fear and worry and anxiety? Being afraid? That’s not fight or flight. That’s paralysis. That only makes things worse.

Especially right now. Especially in a world that requires solutions to the many problems we face. They’re certainly not going to solve themselves. And inaction (or the wrong action) may make them worse, it might put you in even more danger. An inability to learn, adapt, to embrace change will too.

There is a Hebrew prayer which dates back to the early 1800s: כל העולם כולו גשר צר מאוד והעיקר לא לפחד כלל. “The world is a narrow bridge, and the important thing is not to be afraid.” The wisdom of that expression has sustained the Jewish people through incredible adversity and terrible tragedies. It was even turned into a popular song that was broadcast to troops and citizens alike during the Yom Kippur War. It’s a reminder: Yes, things are dicey, and it’s easy to be scared if you look down instead of forward. Fear will not help.

What does help? Training. Courage. Discipline. Commitment. Calm. But mainly, that courage thing – which the Stoics held up as the most essential virtue. One of my favorite explanations of this idea comes from the Canadian astronaut Chris Hadfield. “It’s not like astronauts are braver than other people,” he says. “We’re just, you know, meticulously prepared…” Think about someone like John Glenn, the first American to orbit the earth, whose heart rate never went above a 100 beats per minute the entire mission. That’s what preparation does for you.

Astronauts face all sorts of difficult, high stakes situations in space – where the margin for error is tiny. In fact, on Chris’ first spacewalk his left eye went blind. Then his other eye teared up and went blind too. In complete darkness, he had to find his way back if he wanted to survive. He would later say that the key in such situations is to remind oneself that “there are six things that I could do right now, all of which will help make things better. And it’s worth remembering, too, there’s no problem so bad that you can’t make it worse also.” That’s the difference between scared and afraid. One prevents you from making things better, it may make them worse.

After the stock market crash in October 1929, America faced a horrendous economic crisis that lasted ten years. Banks failed. Investors were wiped out. Unemployment was some 20 percent. Herbert Hoover, who’d only been in office barely six months when the market collapsed, tried and failed repeatedly for the next 3.5 years to stem the tide. FDR, who succeeded him, would have never denied that things were dangerous and that this was scary. Of course it was. He was scared. How could he not be? Yet what he counseled the people in his now-legendary first inaugural address in 1933 was that fear was a choice, it was the real enemy to be fought. Because it would only make the situation worse. It would destroy the remaining banks. It would turn people against each other. It would prevent the implementation of cooperative solutions.

And today, whether the biggest problem you face is the coronavirus pandemic or the similarly dire economic implications – or maybe it’s both those things plus a faltering marriage or a cancer diagnosis or a lawsuit – you have to know what the real plague to avoid is.

This life we’re living – this world we inhabit – is a scary place. If you peer over the side of a narrow bridge, you can lose the heart to continue. You freeze up. You sit down. You don’t make good decisions. You don’t see or think clearly.

The important thing is that we are not afraid. That we don’t overthink things. That we don’t get distracted with the worst-case scenario on top of the worst-case scenario on top of the collision of two other worst-case scenarios. Because that doesn’t help us with what’s right in front of us right now. It doesn’t help us put one foot in front of the other, whether it’s on a spacewalk or a tough business call. It doesn’t help us slow our heart rate down whether we’re re-entering the earth’s atmosphere or watching a plummeting stock portfolio. It doesn’t help us remember that we’ve trained for this, that there is a playbook for how to proceed.

Remember, Marcus Aurelius himself faced a deadly, dangerous pandemic. His people were panicked. His doctors were baffled. His staff and his advisors were conflicted. His economy plunged. The plague spanned fifteen years of his reign with a mortality rate of between 2-3%. Marcus would have been scared – how could he not have been? But he didn’t let that rattle him. He didn’t freeze. He didn’t relinquish his ability to lead. He got to work.

“Don’t let your imagination be crushed by life as a whole,” he wrote to himself, as it was happening. “Don’t try to picture everything bad that could possibly happen. Stick with the situation at hand, and ask, ‘Why is this so unbearable? Why can’t I endure it?’ You’ll be embarrassed to answer.” The crisis could have crippled him. But instead he stood up. He not only endured it, but he was a hero. He saved lives. He prevented panic from turning the battle into a rout.

Which is what we must do today and always, whatever we’re facing. We can’t give into fear. We have to repeat to ourselves over and over again: It’s OK to be scared, just don’t be afraid. We repeat: The world is a narrow bridge and I will not be afraid.

We have to focus on the six things, as Chris Hadfield might say, that we can do to make it better. And we can’t forget that there are plenty of things we can do to make things worse. Foremost among them, giving into fear and making mistakes. Rather, we have to keep going. Now is the time for everyone to show courage, like the thousands of generations who have come before us. Because time marches in only one direction – forward.”

- https://ryanholiday.net/

The Daily "Near You?"

Capon Bridge, West Virginia, USA. Thanks for stopping by!

"The Truth About Ukraine’s Failed Counteroffensive"

"The Truth About Ukraine’s Failed Counteroffensive"

by Martin Armstrong

"The American Neocons have been pushing for weapons and everything they can muster. They tell Ukraine they MUST get back the Donbas even though the people there are ethnically Russian and not Ukrainian. This would be like Mexico invading Texas, claiming it was their former border even though Americans live there. The Neocons want to believe that Russia is weak, so that is all they tell the press. How else to get Americans to support another endless war like they did in Vietnam?

Western weapons have proven not enough to give Kiev a decisive advantage to defeat Russia. Fighting in Ukraine has reached “a bit of a stalemate,” which is the first time a US Defense Intelligence Agency Chief of Staff John Kirchhofer told a conference in Washington. His assessment of Ukraine’s chances of actually winning this counteroffensive is about zero. “Certainly we are at a bit of a stalemate,” Kirchhofer said, according to Bloomberg. “One of the things that the Russian leadership believes is that they can outlast the support of the West.”

Ukrainian forces have been unable to advance from Kherson to Donetsk since early June. They have failed to make any significant territorial gains against the Russians whatsoever. So much for the Nuland claims that weapons will defeat Russia. The Senate leader of the warmongers, Lindsey Graham, was willing to sacrifice every Ukrainian to defeat Russia.

Here is Graham cheering that it’s the best money the US has ever spent to kill Russians. They claim they are fighting for freedom when in fact Russia is not interested in conquering all of Ukraine. They are defending the Donbas which was supposed to have been granted the right to be free from Ukraine. Zelensky has destroyed his own country all to conquer the Donbas, occupied by Russians for hundreds of years. This has nothing to do with Ukraine’s freedom. It is the freedom of the Donbas — not Kiev.

If it were Americans in the Donbas, the US would also be there to defend them in a civil war had Russia instigated it. This is a sick individual who takes pleasure in killing Russians. This is how Americans are being viewed because we elect such people. He cares nothing about the loss of lives. This offensive cost Ukraine 26,000 men and over 3,000 pieces of military hardware in the first two weeks. Zelensky has publicly blamed the West for failing to provide enough weapons – including long-range missiles and fighter jets – to guarantee the offensive’s success.

UK Defense Secretary Ben Wallace reportedly told Ukraine that his country was not “Amazon” for weapons and that members of NATO wanted “to see a bit of gratitude.” The Guardian reported that Wallace said during the NATO summit in Vilnius that “whether we like it or not, people want to see a bit of gratitude” from Ukraine. Zelensky never bothers to say thank you. Wallace made the point that Zelensky is running through all the NATO stockpile of weapons. He is “persuading countries to give up their own stocks” of weapons and ammunition,” and that they also had “to persuade doubting politicians” that supporting Ukraine was “worthwhile” in its war with Russia. Wallace then added: “I told them that last year, when I drove 11 hours to be given a list, that I’m not like Amazon.

The Neocons keep putting out propaganda that Russia is losing. The truth is that 20% of Ukrainian weapons were destroyed in just the first two weeks. To my shock, New York Times actually told the truth that 20% of Ukrainian weapons were destroyed in just two weeks.

All of my sources are saying the same time. No weapon system will change Kiev’s fortunes. Neither US-supplied HIMARS rocket artillery and cluster bombs, nor British Storm Shadow cruise missiles, have thus far tilted the battlefield situation in Ukraine’s favor, he pointed out. All of this has failed, yet Zelensky continues to push his country toward annihilation, all to profit from Blackrock and JP Morgan.

The Neocons keep claiming using the White House that the pace of Ukraine’s counteroffensive is progressing. Chairman of the Joint Chiefs of Staff Mark Milley said last month that Ukrainian forces were “advancing steadily,” but that progress would be slow and “very bloody.” This is simply an outright lie. There is no independent source on either side that confirms that outlook. The other Neocon spokesman of the White House National Security Council, John Kirby, told CNN last month that heavy Ukrainian casualties are “to be expected” but that Zelensky will continue to receive “the support he needs not just from the United States, but from 50 other partners.”

This is clearly propaganda coming from the White House, most likely at the direction of Victoria Nuland and crew refusing to acknowledge that their current war game is failing. The fellow Neocon Secretary of State Antony Blinken has repeatedly rejected the idea of Ukraine entering into peace talks with Russia. This is why India and France are turning their backs on the Biden Administration. They can see that the United States has undergone a coup, and the Neocons are in full control.

Russia maintains that Western arms deliveries will only serve to prolong the conflict without altering its eventual outcome. That appears to be an honest assessment from all my sources on both sides. This is why Zelensky wants F16s to escalate the war dramatically by attacking Crimea and Russia to provide a major confrontation to drag in NATO.

Western-supplied tanks and armored vehicles have all burned. Beginning in early June, Ukrainian forces launched a series of attacks all along the front line from Kherson to Donetsk. Advancing through minefields. That is what cost 26,000 men and more than 3,000 pieces of military hardware in just two weeks. Ukrainian losses were at their highest during the initial two weeks of the offensive. This was Ukraine’s 47th Mechanized Brigade – a NATO-trained unit – which by all reports, apparently lost 30% of its 99 Bradley Infantry Fighting vehicles in two weeks. Ukraine’s 33rd Mechanized Brigade lost nearly a third of its 32 German-made Leopard tanks in a single week. According to Russia, they destroyed a total of 311 Ukrainian tanks in two weeks. They claimed: “At least a third of them, I believe, were Western-made tanks, including Leopards,” was reported on Russia 24 TV.

This is why Ukrainian commanders decided to pause the counteroffensive. They simply lost so much. Zelensky acknowledged that there was a pause but blamed the West for failing to supply him with enough weapons and equipment for a successful operation. He omitted that some say he has lost more than one-third of all the weapons sent to Ukraine. Zelensky claims that the decisive phase of their counteroffensive has yet to begin. This, too, seems to be just propaganda.

Zelensky is running through ammunition like water, particularly 155mm artillery shells. Even Biden was forced to admit that “we’re low” on these shells, explaining that the shortage compelled him to send controversial cluster munitions in their stead, which is a war crime by all standards. What’s next? Tactical nuclear weapons instead of peace?"

- https://www.armstrongeconomics.com/

"We Are Not The First Civilization To Collapse, But We Will Probably Be The Last"

"We Are Not The First Civilization To Collapse,

But We Will Probably Be The Last"

by Chris Hedges

"I am standing atop a 100-foot-high temple mound, the largest known earthwork in the Americas built by prehistoric peoples. The temperatures, in the high 80s, along with the oppressive humidity, have emptied the park of all but a handful of visitors. My shirt is matted with sweat.

I look out from the structure - known as Monks Mound - at the flatlands below, with smaller mounds dotting the distance. These earthen mounds, built at a confluence of the Illinois, Mississippi and Missouri rivers, are all that remain of one of the largest pre-Columbian settlements north of Mexico, occupied from around 800 to 1,400 AD by perhaps as many as 20,000 people.

This great city, perhaps the greatest in North America, rose, flourished, fell into decline and was ultimately abandoned. Civilizations die in familiar patterns. They exhaust natural resources. They spawn parasitic elites who plunder and loot the institutions and systems that make a complex society possible. They engage in futile and self-defeating wars. And then the rot sets in. The great urban centers die first, falling into irreversible decay. Central authority unravels. Artistic expression and intellectual inquiry are replaced by a new dark age, the triumph of tawdry spectacle and the celebration of crowd-pleasing imbecility.

“Collapse occurs, and can only occur, in a power vacuum,” anthropologist Joseph Tainter writes in "The Collapse of Complex Societies." “Collapse is possible only where there is no competitor strong enough to fill the political vacuum of disintegration.”

Several centuries ago, the rulers of this vast city complex, which covered some 4,000 acres, including a 40-acre central plaza, stood where I stood. They no doubt saw below in the teeming settlements an unassailable power, with at least 120 temple mounds used as residences, sacred ceremonial sites, tombs, meeting centers and ball courts. Cahokia warriors dominated a vast territory from which they exacted tribute to enrich the ruling class of this highly stratified society. Reading the heavens, these mound builders constructed several circular astronomical observatories - wooden versions of Stonehenge.

The city’s hereditary rulers were venerated in life and death. A half mile from Monks Mound is the seven-foot-high Mound 72, in which archeologists found the remains of a man on a platform covered with 20,000 conch-shell disc beads from the Gulf of Mexico. The beads were arranged in the shape of a falcon, with the falcon’s head beneath and beside the man's head. Its wings and tail were placed underneath the man’s arms and legs. Below this layer of shells was the body of another man, buried face downward. Around these two men were six more human remains, possibly retainers, who may have been put to death to accompany the entombed man in the afterlife. Nearby were buried the remains of 53 girls and women ranging in age from 15 to 30, laid out in rows in two layers separated by matting. They appeared to have been strangled to death.

The poet Paul Valéry noted, “a civilization has the same fragility as a life.”

Across the Mississippi River from Monks Mound, the city skyline of St. Louis is visible. It is hard not to see our own collapse in that of Cahokia. In 1950, St. Louis was the eighth-largest city in the United States, with a population of 856,796. Today, that number has fallen to below 300,000, a drop of some 65 percent. Major employers - Anheuser-Busch, McDonnell-Douglas, TWA, Southwestern Bell and Ralston Purina - have dramatically reduced their presence or left altogether. St. Louis is consistently ranked one of the most dangerous cities in the country. One in five people live in poverty. The St. Louis Metropolitan Police Department has the highest rate of police killings per capita, of the 100 largest police departments in the nation, according to a 2021 report. Prisoners in the city’s squalid jails, where 47 people died in custody between 2009 and 2019, complain of water being shut off from their cells for hours and guards routinely pepper spraying inmates, including those on suicide watch. The city’s crumbling infrastructure, hundreds of gutted and abandoned buildings, empty factories, vacant warehouses and impoverished neighborhoods replicate the ruins of other post-industrial American cities, the classic signposts of a civilization in terminal decline.

“Just as in the past, countries that are environmentally stressed, overpopulated, or both, become at risk of getting politically stressed, and of their governments collapsing,” Jared Diamond argues in "Collapse: How Societies Choose to Fail or Succeed." “When people are desperate, undernourished and without hope, they blame their governments, which they see as responsible for or unable to solve their problems. They try to emigrate at any cost. They fight each other over land. They kill each other. They start civil wars. They figure that they have nothing to lose, so they become terrorists, or they support or tolerate terrorism.”

Pre-industrial civilizations were dependent on the limits of solar energy and constrained by roads and waterways, impediments that were obliterated when fossil fuel became an energy source. As industrial empires became global, their increase in size meant an increase in complexity. Ironically, this complexity makes us more vulnerable to catastrophic collapse, not less. Soaring temperatures (Iraq is enduring 120 degree heat that has fried the country’s electrical grid), the depletion of natural resources, flooding, droughts, (the worst drought in 500 years is devastating Western, Central and Southern Europe and is expected to see a decline in crop yields of 8 or 9 percent), power outages, wars, pandemics, a rise in zoonotic diseases and breakdowns in supply chains combine to shake the foundations of industrial society. The Arctic has been heating up four times faster than the global average, resulting in an accelerated melting of the Greenland ice sheet and freakish weather patterns. The Barents Sea north of Norway and Russia are warming up to seven times faster. Climate scientists did not expect this extreme weather until 2050.

“Each time history repeats itself, the price goes up,” the anthropologist Ronald Wright warns, calling industrial society “a suicide machine.” In "A Short History of Progress", he writes: "Civilization is an experiment, a very recent way of life in the human career, and it has a habit of walking into what I am calling progress traps. A small village on good land beside a river is a good idea; but when the village grows into a city and paves over the good land, it becomes a bad idea. While prevention might have been easy, a cure may be impossible: a city isn't easily moved. This human inability to foresee - or to watch out for - long-range consequences may be inherent to our kind, shaped by the millions of years when we lived from hand to mouth by hunting and gathering. It may also be little more than a mix of inertia, greed, and foolishness encouraged by the shape of the social pyramid. The concentration of power at the top of large-scale societies gives the elite a vested interest in the status quo; they continue to prosper in darkening times long after the environment and general populace begin to suffer."

Wright also reflects upon what will be left behind: "The archaeologists who dig us up will need to wear hazmat suits. Humankind will leave a telltale layer in the fossil record composed of everything we produce, from mounds of chicken bones, wet-wipes, tires, mattresses and other household waste to metals, concrete, plastics, industrial chemicals, and the nuclear residue of power plants and weaponry. We are cheating our children, handing them tawdry luxuries and addictive gadgets while we take away what’s left of the wealth, wonder and possibility of the pristine Earth."

Calculations of humanity’s footprint suggest we have been in ‘ecological deficit,’ taking more than Earth’s biological systems can withstand, for at least 30 years. Topsoil is being lost far faster than nature can replenish it; 30 percent of arable land has been exhausted since the mid-20th century. We have financed this monstrous debt by colonizing both past and future, drawing energy, chemical fertilizer and pesticides from the planet’s fossil carbon, and throwing the consequences onto coming generations of our species and all others. Some of those species have already been bankrupted: they are extinct. Others will follow.

As Cahokia declined, violence dramatically increased. Surrounding towns were burned to the ground. Groups, numbering in the hundreds, were slaughtered and buried in mass graves. At the end, “the enemy killed all people indiscriminately. The intent was not merely prestige, but an early form of ethnic cleansing” writes anthropologist Timothy R. Pauketat, in "Ancient Cahokia and the Mississippians." He notes that, in one fifteenth-century cemetery in central Illinois, one-third of all adults had been killed by blows to the head, arrow wounds or scalping. Many showed evidence of fractures on their arms from vain attempts to fight off their attackers.

Such descent into internecine violence is compounded by a weakened and discredited central authority. In the later stages of Cahokia, the ruling class surrounded themselves with fortified wooden stockades, including a two-mile long wall that enclosed Monks Mound. Similar fortifications dotted the vast territory the Cahokia controlled, segregating gated communities where the wealthy and powerful, protected by armed guards, sought safety from the increasing lawlessness and hoarded dwindling food supplies and resources.

Overcrowding inside these stockades saw the spread of tuberculosis and blastomycosis, caused by a soil-borne fungus, along with iron deficiency anemia. Infant mortality rates rose, and life spans declined, a result of social disintegration, poor diet and disease.

By the 1400s Cahokia had been abandoned. In 1541, when Hernando de Soto’s invading army descended on what is today Missouri, looking for gold, nothing but the great mounds remained, relics of a forgotten past.

This time the collapse will be global. It will not be possible, as in ancient societies, to migrate to new ecosystems rich in natural resources. The steady rise in heat will devastate crop yields and make much of the planet uninhabitable. Climate scientists warn that once temperatures rise by 4℃, the earth, at best, will be able to sustain a billion people. The more insurmountable the crisis becomes, the more we, like our prehistoric ancestors, will retreat into self-defeating responses, violence, magical thinking and denial.

The historian Arnold Toynbee, who singled out unchecked militarism as the fatal blow to past empires, argued that civilizations are not murdered, but commit suicide. They fail to adapt to a crisis, ensuring their own obliteration. Our civilization’s collapse will be unique in size, magnified by the destructive force of our fossil fuel-driven industrial society. But it will replicate the familiar patterns of collapse that toppled civilizations of the past. The difference will be in scale, and this time there will be no exit."

- https://www.zerohedge.com/

Assuming the ultimate catastrophe of nuclear war doesn't kill us all...

"Grey's Anatomy"

"Grey's Anatomy"

“Whoever said, "What you don't know can't hurt you" was a complete and total moron.  Sometimes not knowing is the worst thing in the world." 

- Meredith Grey

"Knowing is better than wondering. Waking is better than sleeping, and even the biggest failure, even the worst, beats the hell out of never trying." 

- Meredith Grey

“Yes or no. In or out. Up or down. Live or die. Hero or coward. Fight or give in. I'll say it again to make sure you hear me. The human life is made up of choices. Live or die. That's the important choice. And it's not always in our hands." 

- Derek Shepherd

- https://www.theodysseyonline.com/

"Dear Xavier High School..."

"Dear Xavier High School..."

Posted by Jill Schulz

"In 2006 a high school English teacher asked students to write a famous author and ask for advice. Kurt Vonnegut (1922 – 2007) was the only one to respond - and his response is magnificent:

Click image for larger size.

Very highest recommendation:

- https://www.quora.com/

"How It Really Is"

 

Gerald Celente, "We Are On The Edge Of The Grim Reality of Nuclear Annihilation"

Strong language alert!

Gerald Celente, 7/19/23

"We Are On The Edge Of The 

Grim Reality of Nuclear Annihilation"

"In this gripping video, renowned economist Gerald Celente delivers an urgent warning that exposes the dark and grim reality of nuclear annihilation."

Comments here:

- https://www.youtube.com/

o

Colonel Douglas Macgregor, Straight Calls 7/19/23

"NATO Members Are Now Openly 

Discussing War Plans Against Russia"

"Analysis of breaking news and in-depth discussion of current 

geopolitical events in the United States of America and the world."

Comments here:

- https://www.youtube.com/

Bill Bonner, "The $300 Trillion Hangover"

"The $300 Trillion Hangover"

Looming corporate bankruptcies, a commercial real 

estate crisis and the junk bond time bomb...

by Bill Bonner

Poitou, France - "Yesterday, the morning trading on Wall Street took a now-familiar form: stocks went up. By the end of the day, the Dow was up another 1%. What are we to make of it? Is it ‘risk on’ again? Is it time to load up on stocks? The answer is ‘no.’ And today we give you ‘no-plus,’ the real secret to Wall Street’s boom-y-ness.

‘Don’t fight the Fed’ has been one of the most successful formulae on Wall Street. But it’s not foolproof. And not complete. When the Fed switched from enabling inflation with zero rates in 2020…to trying to curb it by increasing rates in 2022…an investor would have been well advised to switch too – from buying the dips to selling the bounces. Stocks went down.

Doom, Gloom and Boom: But then, they didn’t go down. The ‘bounce’ has now gone on for 9 months. It has created a whole new group of rich people – the AI Millionaires. And it has produced what looks to many like a new bull market…with the best 6 months for the Nasdaq in history…and more to come. Not only that, but the US economy, too, has so far resisted its long overdue rendezvous with the business cycle. Where’s the recession? Where’s all the doom & gloom we promised?

A broader question worth asking: did the geniuses at the Fed finally get the hang of managing a $24 trillion economy…so that their own errors disappear, without pain or embarrassment? The Fed put interest rates far too low and left them there far too long, resulting in far too much debt throughout the world economy. What happens next? Economists argue over a ‘hard landing’ or a ‘soft landing’…but what if there’s no landing at? What if the party never ends?

Maybe so. But buckle your seat belts; turbulence ahead. Here’s a headline story from Bloomberg: "A $500 Billion Corporate-Debt Storm Builds Over Global Economy." "Fears of a credit crisis have receded. But a wave of corporate bankruptcies is building now that an era of easy money has come to an end."

And here’s another: "The $785 Billion Junk-Bond Maturity Wall Has Never Been So Close." "The world’s riskiest borrowers are starting to run out of easy-money era financing and feeling the pinch as they return to a tougher market shadowed by aggressive central banks. Junk-rated companies staring down a $785 billion maturity wall are in a race against time to replace debt that they secured when major central banks across the world slashed rates and boosted quantitative easing programs to keep economies afloat in 2020. On average, these companies now have 4.7 years to put fresh financing in place, the least amount of time ever, according to a Bloomberg global index."

Bloomberg is not letting up. The stewards should take their seats: "The World’s Empty Office Buildings Have Become a Debt Time Bomb." "From San Francisco to Hong Kong, higher interest rates and falling property values are bringing the commercial real estate market to a perilous precipice. In New York and London, owners of gleaming office towers are walking away from their debt rather than pouring good money after bad. The landlords of downtown San Francisco’s largest mall have abandoned it. A new Hong Kong skyscraper is only a quarter leased.

The creeping rot inside commercial real estate is like a dark seam running through the global economy. Even as stock markets rally and investors are hopeful that the fastest interest-rate increases in a generation will ebb, the trouble in property is set to play out for years."

$300 Trillion Overhang: Remember that we are in a transition period, from one primary trend to another. After 4 decades of lower and lower interest rates…which reached ridiculous lows after the 2009 crisis in housing finance…the world now has a $300 trillion overhang of debt. Some government debt. Some corporate. Some household. All of this debt is subject to interest rates…that are now going up. Debt does not get refinanced overnight. It takes time. But when it is time to go back to lenders, debtors find their interest charges approximately twice what they were a few years ago.

Meanwhile, households are still running down their savings – which were built up during the Trump/Biden stimmie giveaways. And the US government – the world’s biggest consumer, as well as its biggest debtor – is now spending more than $2 trillion more than it receives in taxes, each year. That too must be financed…at rising cost.

So far, the giant balloon is still floating along nicely. Full employment. Rising stock prices. Joe Biden crows about what a great economy he has created. But the real secret is that the ‘tightening’ has hardly begun. There are lots of ways of measuring inflation. The most reliable is the ‘trimmed mean’ index…which puts today’s inflation at about 5%. Interest rates have moved up dramatically. Inflation has come down. But so far, the real, after inflation cost of credit (money) – based on the Fed Funds rate – is still only about zero. The Fed is not exactly fighting inflation tooth and nail, in other words. But interest rate hikes are only a part of the inflate-or-die picture. While monetary policy sobers up, fiscal policy turns to the bottle. More…tomorrow."

- https://bonnerprivateresearch.substack.com/

o

And all this caused by pure greed...

"The more I see of the monied classes,

the better I understand the guillotine."

- George Bernard Shaw