Monday, July 31, 2023

"Economic Market Snapshot 7/31/23"

"Economic Market Snapshot 7/31/23"
Market Data Center, Live Updates:
Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
"It's a Big Club, and you ain't in it. 
You and I are not in the Big Club."
- George Carlin
A comprehensive, essential daily read.
Financial Stress Index

"The OFR Financial Stress Index (OFR FSI) is a daily market-based snapshot of stress in global financial markets. It is constructed from 33 financial market variables, such as yield spreads, valuation measures, and interest rates. The OFR FSI is positive when stress levels are above average, and negative when stress levels are below average. The OFR FSI incorporates five categories of indicators: creditequity valuationfunding, safe assets and volatility. The FSI shows stress contributions by three regions: United Statesother advanced economies, and emerging markets."
Job cuts and much more.
Commentary, highly recommended:
"The more I see of the monied classes,
the better I understand the guillotine."
- George Bernard Shaw
Oh yeah... beyond words. Any I know anyway...
And now... The End Game...
o

Sunday, July 30, 2023

"Business Owner Tells Me Things Are Slowing; Short Term Rentals Plunge; Historic Trucking Bailout?"

Full screen recommended.
Jeremiah Babe, 7/30/23
"Business Owner Tells Me Things Are Slowing; 
Short Term Rentals Plunge; Historic Trucking Bailout?"
Comments here:

"Gas Prices Will Skyrocket In August As Supply Faces Massive Drop"

Full screen recommended.
"Gas Prices Will Skyrocket In August 
As Supply Faces Massive Drop"
by Epic Economist

Have you seen how fast gas prices rose last week? New reports reveal that fuel stockpiles have dropped globally, and the problem is likely to get even worse over the next few weeks and months as demand continues to outstrip supplies amid OPEC+ production cuts. Americans are now paying the highest prices for a gallon of gas in at least eight months. And, according to industry experts, they should brace for even more pain at the pump in August, with refineries closing for maintenance and domestic supplies drying up in many states. From now on, filling up your tank will be far more expensive, and there are many reasons contributing to that.

Now, a perfect storm has begun. Last week, prices at the pump jumped again overnight, and the outlook for the coming weeks and months doesn’t bring any relief for American drivers. On Saturday, the national average price for a gallon of regular gasoline surged to $3.75, according to the American Automobile Association. That marked the biggest one-day increase in a year and the highest average in about eight months.

The price of a gallon of gasoline is now 30 cents more expensive than in June, and that’s still a timid uptick compared to experts’ estimates of $5 per gallon by the fall, The shift is happening quickly. For instance, the more fuel-efficient premium gas has surged to nearly $4.50 — also a 30-cent increase from June. Gas prices are on track to reach levels last seen during the inflation peak of 2022, says the association’s spokesperson Daniel Armbruster. Both domestic and international producers are slashing production, but demand remains strong.

AAA analyst Robert Sinclair also came forward last week to inform the public that so far this year, global markets have lost almost 4 million barrels per day due to OPEC’s decision. Exports also cut into our supply at home. “We are exporting about two cargoes of gasoline (mostly from the Gulf Coast) for every cargo we import,” the expert added. “We are the supplier of choice for Latin America, which has no additional refining capacity coming up this year.”

The effect of this imbalance between supply and demand is going to be disastrous for U.S. motorists. As for the next couple of weeks, the experts noted that it’s possible Americans could be in for another 25-cent increase. From now on, gasoline price increases are expected to happen faster, and lower supplies indicate that there’s no relief in sight – at least until the end of 2023.

By the winter, the scenario could be far more chaotic as supply systems face increased vulnerability. Just as it happened before, we’re woefully unprepared for any sort of emergency or supply disruptions, and probably just a single extreme weather event away from seeing gas stations experience massive outages again. At this point, we can only hope for the best, but prepare for the worst because this is shaping up to be the worst oil crisis of modern times, and the consequences of it will be catastrophic."
Comments here:

Musical Interlude: Moby, "Love Of Strings"

Full screen recommended.
Moby, "Love Of Strings"

Life... magnificent Life...

"A Look to the Heavens"

“Stars are sometimes born in the midst of chaos. About 3 million years ago in the nearby galaxy M33, a large cloud of gas spawned dense internal knots which gravitationally collapsed to form stars. NGC 604 was so large, however, it could form enough stars to make a globular cluster.
Many young stars from this cloud are visible in the above image from the Hubble Space Telescope, along with what is left of the initial gas cloud. Some stars were so massive they have already evolved and exploded in a supernova. The brightest stars that are left emit light so energetic that they create one of the largest clouds of ionized hydrogen gas known, comparable to the Tarantula Nebula in our Milky Way's close neighbor, the Large Magellanic Cloud.”

"Troubles..."

"I have heard there are troubles of more than one kind.
Some come from ahead and some come from behind.
But I've bought a big bat. I'm all ready, you see.
Now my troubles are going to have troubles with me!"
- Theodor "Dr. Seuss" Geisel

"The Donkey and the Meaning of Eternity" (Excerpt)

"The Donkey and the Meaning of Eternity: Nobel-Winning
 Spanish Poet Juan Ramón Jiménez’s Love Letter to Life"
by Maria Popova

Excerpt: "Beneath our anxious quickenings, beneath our fanged fears, beneath the rusted armors of conviction, tenderness is what we long for - tenderness to salve our bruising contact with reality, to warm us awake from the frozen stupor of near-living. Tenderness is what permeates Platero and I (public library) by the Nobel-winning Spanish poet Juan Ramón Jiménez (December 23, 1881–May 29, 1958) - part love letter to his beloved donkey, part journal of ecstatic delight in nature and humanity, part fairy tale for the lonely.

Living in his birthplace of Moguer - a small town in rural Andalusia - Jiménez began composing this uncommon posy of prose poems in 1907. Although it spans less than a year in his life with Platero, it took him a decade to publish it. At its heart is a simple truth: What and whom we love is a lens to focus our love of life itself.

The tenderness with which Jiménez regards Platero - whom he addresses by name over and over, like an incantation of love - is the tenderness of living with wonder and fragility. He celebrates Platero’s “big gleaming eyes, of a gentle firmness, in which the sun shines”; he reverences him as “friend to the old man and the child, to the stream and the butterfly, to the sun and the dog, to the flower and the moon, patient and pensive, melancholy and lovable, the Marcus Aurelius of the meadows.” He beckons him: “Come with me. I’ll teach you the flowers and the stars.”

And so he does: "Look, Platero, so many roses are falling everywhere: blue, pink, white, colorless roses… You’d think the sky was crumbling into roses… You’d think that from the seven galleries of Paradise roses were being thrown onto the earth… Platero, it seems, while the Angelus is ringing, that this life of ours is losing its everyday strength, and that a different strength from within, loftier, more constant, and purer, is causing everything, as if in fountain jets of grace… Your eyes, which you can’t see, Platero, and which you are mildly raising skyward, are two beautiful roses."

Together, poet and donkey traverse the Andalusian countryside in a state of rapturous harmony with each other and the living world: "Through the low-lying roads of summer, draped with tender honeysuckle, how sweetly we go! I read, or sing, or recite poetry to the sky. Platero nibbles the sparse grass of the shady banks, the dusty blossoms of the mallows, the yellow sorrel. He halts more than he walks. I let him.
[…]
Every so often Platero stops eating and looks at me. Every so often I stop reading and look at Platero."

There are echoes of Whitman in Jiménez’s exultations: "Before us are the fields, already green. Facing the immense, clear sky, of a blazing indigo, my eyes - so far from my ears! - open nobly, welcoming in its calm that indescribable placidity, that harmonious, divine serenity which dwells in the limitlessness of the horizon."

This longing for the infinite accompanies the young man and the old donkey as they cross the hills and valleys on their daily pilgrimages: "The evening extends beyond its normal limits, and the hour, infected with eternity, is infinite, peaceful, unfathomable."

Again and again, Platero’s presence magnifies the poet’s relishing of beauty, deepens his contact with the eternal: "I remain in ecstasy before the twilight. Platero, his black eyes scarlet with sunset, walks gently to a puddle of crimson, pink, and violet waters; he softly immerses his lips into the mirrors, which seem to liquefy as he touches them."

Punctuating these ecstasies are the inevitable spells of melancholy stemming from the fact that the price of being awake to life is being also awake to mortality. Aware that this enchanted life with his beloved Platero is only for the time being, Jiménez reaches into the sorrow of the future to consecrate it with joy: "Platero. I shall bury you at the foot of the large, round pine in the orchard at La Piña, which you like so much. You will remain alongside cheerful, serene life. The little boys will play and the little girls will sew beside you on their little low chairs. You will get to hear the verses that the solitude will inspire in me. You’ll hear the older girls singing when they wash clothes in the orange grove, and the sound of the waterwheel will be a joy and a solace to your eternal peace. And all year long the goldfinches, greenfinches, and vireos, in the perennial freshness of the treetop, will create for you a small musical ceiling between your tranquil slumber and Moguer’s infinite, ever-blue sky."
Full, wonderful article is here:

"Pets, It Turns Out, Also Have Last Wishes Before They Die"

I found this on the "nextdoor" community group I belong to, and it made me cry remembering the boys I loved and who loved me over the years. Life is precious, and love never dies...

"Pets, It Turns Out, Also Have Last Wishes Before They Die"
Posted by Jamie W.

"Pets, it turns out, also have last wishes before they die, but only known by veterinarians who put old and sick animals to sleep. Twitter user Jesse Dietrich asked a vet what was the most difficult part of his job.

The specialist answered without hesitation that it was the hardest for him to see how old or sick animals look for their owners with the eyes of their owners before going to sleep.

The fact is that 90% of owners don't want to be in a room with a dying animal. People leave so that they don't see their pet leave. But they don't realize that it's in these last moments of life that their pet needs them most. Veterinarians ask the owners to be close to the animals until the very end.

It's inevitable that they die before you. Don't forget that you were the center of their life. Maybe they were just a part of you. But they are also your family. No matter how hard it is, don't leave them.

Dont let them die in a room with a stranger in a place they dont like. It is very painful for veterinarians to see how pets cannot find their owner during the last minutes of their life. They dont understand why the owner left them. After all, they needed their owner's consolation.

Veterinarians do everything possible to ensure that animals are not so scared, but they are completely strangers to them. Don't be a coward because it's too painful for you. Think about the pet. Endure this pain for the sake of their sake.

Be with them until the end.🐾🐾🐾"

[Shared from a post I saw]
The comments here are especially touching.
o

The Daily "Near You?

Chickasha, Oklahoma, USA. Thanks for stopping by!

"The Russian Forces Have Broken Through In Great Strength"

Col. Douglas Macgregor, 7/30/23
"The Russian Forces Have Broken Through In Great Strength"
Comments here:

Dan, I Allegedly 7/30/23: "Hey! Look Over Here!"

Full screen recommended.
Dan, I Allegedly 7/30/23
"Hey! Look Over Here!"
"It seems that everything in the economy is a diversion right now. We’re not supposed to look at the fact that prices are sky high, and that real estate is taking forever to sell. People don’t want to look at the high price of mortgages, property taxes and insurance right now. This is only getting worse."
Comments here:

"Burger King Is Closing Hundreds Of Stores, More Fast Food Chain Bankruptcies!"

Full screen recommended.
The Atlantis Report, 7/30/23
"Burger King Is Closing Hundreds Of Stores, 
More Fast Food Chain Bankruptcies!"
"Burger King finds itself falling behind major fast food rivals. Revenue is shrinking, and the popularity of its restaurants among consumers is declining. The numbers indicate that the company's problems are intensifying in 2023. In fact, three major Burger King operators have already filed for bankruptcy this year, with franchisees in Ohio, Utah, and Michigan reporting severe cash flow problems and declining sales. As a result, approximately 400 locations will be closing their doors for good."
Comments here:

"Shrinkflation Everywhere At Dollar Tree! This Is Crazy! Paying More And Getting Less!"

Full screen recommended.
Adventures With Danno, 7/30/23
"Shrinkflation Everywhere At Dollar Tree!
 This Is Crazy! Paying More And Getting Less!"
I"n today's vlog, we are at Dollar Tree and are seeing a lot of grocery items that have shrunk in size. We also notice they are adding a lot of higher priced items, which I'm not sure if they will do well here. We are now paying more and getting less for a lot of items at Dollar Tree!"
Comments here:

"How It Really Is"

 

Saturday, July 29, 2023

"God Grant Me The Courage..."

“God grant me the courage not to give up what I think is right,
even though I think it is hopeless.”
- Adm. Chester W. Nimitz

Streets of Philadelphia, 7AM"

Full screen recommended, if you can stand it...
kimgary, 7/29/23
"Streets of Philadelphia, 7AM"
Comments here:
o
Full screen recommended, if you dare...
Drones R Eagles, 7/29/23
"Kenzo, Home To The Free Open Market 
To The Tranq And Fentanyl Epidemic"
Comments here:
o
“We are each our own devil, and we make this world our Hell.”
- Oscar Wilde

Col. Douglas Macgregor, "The War Draws to a Close"

Full screen recommended.
Col. Douglas Macgregor, 7/29/23
"The War Draws to a Close"
Comments here:
o
Scott Ritter, 7/29/23
"Ukraine is Doubling Down on This Offensive"
Comments here:
o
380,000 dead Ukrainian solders; 30,000 dead Russians; 
$150 billion US support for this war...
Cui bono?

"Dealerships Are Hiding Cars To Ripoff Buyers; Home Builders Take Risks; Bank Lending Pull Back"

Full screen recommended.
Jeremiah Babe, 7/29/23
"Dealerships Are Hiding Cars To Ripoff Buyers
Home Builders Take Risks; Bank Lending Pull Back"
Comments here:

Musical Interlude: Deuter, "Sea and Silence"

Deuter, "Sea and Silence"

"A Look to the Heavens"

"Would the Rosette Nebula by any other name look as sweet? The bland New General Catalog designation of NGC 2237 doesn't appear to diminish the appearance of this flowery emission nebula, at the top of the image, atop a long stem of glowing hydrogen gas. Inside the nebula lies an open cluster of bright young stars designated NGC 2244.
These stars formed about four million years ago from the nebular material and their stellar winds are clearing a hole in the nebula's center, insulated by a layer of dust and hot gas. Ultraviolet light from the hot cluster stars causes the surrounding nebula to glow. The Rosette Nebula spans about 100 light-years across, lies about 5000 light-years away, and can be seen with a small telescope towards the constellation of the Unicorn (Monoceros)."

Paulo Coelho, "Walking the Path"

"Walking the Path"
by Paulo Coelho

"I reckon that it takes about three minutes to read my text. Well, according to statistics, in that same short period of time 300 people will die and another 620 will be born. It takes me perhaps half an hour to write a text: here I sit, concentrating on my computer, books piled up beside me, ideas in my head, the scenery passing by outside my window. Everything seems perfectly normal all around me; and yet, during these thirty minutes, 3,000 people have died and 6,200 have just seen the light of the world for the first time.

Where are all those thousands of families who have just begun to weep over the loss of some dear one, or else laugh at the arrival of a son, grandson or brother? I stop and reflect for a while: perhaps many of these deaths are reaching the end of a long, painful sickness, and some persons are relieved that the Angel has come for them. Besides these, in all certainty hundreds of children who have just been born will be abandoned in a minute and transferred to the death statistics before I finish this text.

What a thought! A simple statistic that I came upon by chance and all of a sudden I can feel all those losses and encounters, smiles and tears. How many are leaving this life, alone in their rooms, without anyone realizing what is going on? How many will be born in secret, only to be abandoned at the door of shelters or convents? And then I reflect that I was part of the birth statistics and one day I will be included in the toll of the dead. How good that is to be fully aware that I am going to die. Ever since I took the road to Santiago I have understood that although life goes on and we are eternal, one day this existence will come to an end.

People think very little about death. They spend their lives worried about really absurd things, putting things off and leaving important moments aside. They risk nothing because they believe that is dangerous. They grumble a lot, but act like cowards when it is time to take certain steps. They want everything to change, but they themselves refuse to change. If they thought a little more about death, they would never fail to make that telephone call that they have been putting off. They would be a little more crazy. They would not be afraid of the end of this incarnation because you cannot be afraid of something that is going to happen anyway.

The Indians say: "Today is as good a day as any other to leave this world." And a sorcerer once remarked: "May death be always sitting beside you. That way, when you have to do something important, it will give you the strength and courage you need." I hope, reader, that you have accompanied me this far. It would be silly to let the subject scare you, because sooner or later we are all going to die. And only those who accept this are prepared for life."
o
"We're all going to die. We don't get much say over how or when, but we do get to decide how we're gonna live. So, do it. Decide. Is this the life you want to live? Is this the person you want to love? Is this the best you can be? Can you be stronger? Kinder? More compassionate? Decide. Breathe in. Breathe out and decide."
- "Richard", "Grey's Anatomy"

Chet Raymo, "Why We Need Poets"

"Why We Need Poets"
by Chet Raymo

"The poet Jane Hirshfield referred in a poem to the number of atoms it takes to make a butterfly. Ten to the 24th power, I think she said. I thought I'd check it out. A typical butterfly might weigh about half a gram. The exact ratio of elements I don't know, but mostly hydrogen, carbon, and oxygen. Let's assume an atomic weight of ten for a typical atom; that is, an atom with ten nuclear particles (Hydrogen=1, carbon= 12, oxygen=16, and so on). A proton or neutron has a weight of about 1.6 X 10-24 grams. About 3 X 1022 atoms in a butterfly.

If I'm remembering Hirshfield's reference correctly (and I may not be), we are off by one or two orders of magnitude. No matter. It's a very big number. You want to make a butterfly? You will need 30,000,000,000,000,000,000,000 atoms. And every one in exactly the right place.

Now consider the miracle of metamorphosis. The caterpillar builds a chrysalis. Wraps itself up in its closet. And there, in the privacy of its self-sufficiency, it rearranges those arrangements of atoms. The caterpillar's six stumpy front feet are turned into the butterfly's slender legs. Four wings develop, as do reproductive organs. Chewing mouthparts become adapted for sucking. A crawling, insatiable, leaf-eater is transformed into a winged, sex-obsessed nectar sipper.

This is why we need poets. It's one thing to count atoms, or draw diagrams of the 22 amino acids, or suss out their sequence on the long chains that are the proteins. Or read out the genome that controls the machinery that turns a creeping leaf-cruncher into a winged angel. But all that biochemistry, as wonderful as it is, leaves the essential mystery intact. The hum. The unceasing hum that is life. The inextinguishable continuity. Sing, poets. Sing your hosannas."

“Three Passions”

“Three Passions”

”Three passions have governed my life:
The longings for love, the search for knowledge,
And unbearable pity for the suffering of humankind.

Love brings ecstasy and relieves loneliness.
In the union of love I have seen
In a mystic miniature the prefiguring vision
Of the heavens that saints and poets have imagined.

With equal passion I have sought knowledge.
I have wished to understand the hearts of people.
I have wished to know why the stars shine.
Love and knowledge led upwards to the heavens,
But always pity brought me back to earth;
Cries of pain reverberated in my heart,
Of children in famine, of victims tortured,
And of old people left helpless.
I long to alleviate the evil, but I cannot,
And I too suffer.
This has been my life; I found it worth living.”

- Bertrand Russell

The Poet: Wendell Berry, “A Warning To My Readers”

“A Warning To My Readers”

“Do not think me gentle
because I speak in praise
of gentleness, or elegant
because I honor the grace
that keeps this world. I am
a man crude as any,
gross of speech, intolerant,
stubborn, angry, full
of fits and furies. That I
may have spoken well
at times, is not natural.
A wonder is what it is.”

- Wendell Berry

The Daily "Near You?

Kuala Lumpur, Malaysia. Thanks for stopping by!

The Poet: Sheila Black, "The Earth"

"The Earth"
by Sheila Black

"What can I tell her over breakfast when she says
her son suffers from madness, and because there
is no mental health, he has ended up in jail,
and she is relieved, because at least he might
be safe there or he might get to see the doctor.
We are eating egg-white omelets; we are counting
carbs. We are buttoning ourselves in our clean dresses
and high-heeled shoes in order to bring home the bacon,
doing what we need to do and “It is what it is.”
Her granddaughter and daughter are living with her
in the one bedroom. Nights, the daughter lounges by
the pool, looking at her phone, while she teaches the child
to plant seeds in a flower bed she feels bad she does not own.
She tells she cried in the car coming here; she did not know
me then. She thought we would be talking to each other
the whole time about what we are selling, what
the other might buy, but somehow we left that behind
over the toast with the tiny pots of strawberry jam.
Who can explain all this luxury, all this despair?
Or how we all hold our secret shames so close
and gloss our lips with “Cinnamon Fire” as if that were
some legitimate form of protection. Cinnamon Fire!
She just turned fifty. I tell her wait ten years - you
won’t know more, but you will get closer to forgiving,
because it is all happening on a wheel that spin
so fast. Why not stop to look at the pink flowers
you’ve planted with your granddaughter? Why not feel
your bare toes in the good wet earth? We play with the crusts
on our plates. The waitress takes the coffee away. We
are strangers again, each carrying our lonely fear
our children won’t find their way, wishing for them
some inner logic - sacred trust of earth and self, that exists
for each of us so far within, so far under the skin, we
can’t even begin to say what it is made of; it merely is,
poised between love and grief: the blue space we call wonder,
which is merely the dew on the grass, the shadow the sun
makes as it rolls over the vast skin of the Earth."

"The Plain Truth Is..."

“The plain truth is we are going to die. Here I am, a teeny spec surrounded by boundless space and time, arguing with the whole of creation, shaking my fist, sputtering, growing even eloquent at times, and then - poof! I am gone. Swept off once and for all. I think that is very, very funny.”                                                    - Charles Simic

Free Download: Olaf Stapledon, "Star Maker"

"In this passionately social world, loneliness dogged the spirit. People were constantly getting together, but they never really got there. Everyone was terrified of being alone with himself; yet in company, in spite of the universal assumption of comradeship, these strange beings remained as remote from one another as the stars. For everyone searched his neighbor's eyes for the image of himself, and never saw anything else. Or if he did, he was outraged and terrified."
- Olaf Stapledon, "Star Maker"

Freely download "Star Maker", by Olaf Stapledon, here:

"How It Really Is"

 

"This Is Who We Are... Read It And Weep"

"Reality Avoidance"
by Morris Berman

"It’s quite amazing how the news is endlessly about nonsense. Filler, is what I call it. Very little of this has anything to do with reality, which the Mainstream Media and the American people avoid like the plague. What then is real?

1. The empire is in decline; every day, life here gets a little bit worse; all our institutions are corrupt to varying degrees; and there is no turning this situation around.

2. A crucial factor in this decline and irreversibility is the low level of intelligence of the American people. Americans are not only dumb; they are positively antagonistic toward the life of the mind.

3. Relations of power and money determine practically everything. The 3 wealthiest Americans own as much as the bottom 50% of the population, and this tendency will get worse over time.

4. The value system of the country, and its citizens, is fundamentally wrong-headed. It amounts to little more than hustling, selfishness, narcissism, and a blatant disregard for anyone but oneself. There is a kind of cruelty, or violence, deep in the American soul; many foreign observers and writers have commented on this. Americans are bitter, depressed, and angry, and the country offers very little by way of community or empathy.

5. Along with this is the support of meaningless wars and imperial adventures on the part of most of the population. That we drone-murder unarmed civilians on a weekly basis is barely on the radar screen of the American mind. In essence, the nation has evolved into a genocidal war machine run by a plutocracy and cheered on by mindless millions.

Most Americans hide from these depressing, even horrific, realities by what passes for ‘the news’, but also by means of alcohol, opioids, TV, cellphones, suicide, prescription drugs, workaholism, and spectator sports, to name but a few. This stuffing of the Void is probably our primary activity. In a word, we are eating ourselves alive, and only a tiny fraction of the population recognizes this."
o
Read it and weep...
"Morris Berman On A Dumbed-down America"
by RoryLitwin

Excerpt: "I am sharing a passage from Morris Berman’s book from a few years ago, "The Twilight of American Culture." Berman has generously agreed to let me share this passage, which is about the deplorable state of ignorance of the American people. The facts and data in this passage are a bit old, but all signs suggest that things have gotten worse since then, not better. "The Twilight of American Culture," pp. 33-40.

Turning to Item (c),The collapse of American intelligence, we find a picture that is unambiguously bleak. The following data are going to seem invented; please be assured, they are not.

– Forty-two percent of American adults cannot locate Japan on a world map, and according to Garrison Keillor (National Public Radio, 22 March 1997,) another survey revealed that nearly 15 percent couldn’t locate the United States (!). Keillor remarked that this was like not being able to “grab your rear end with both hands,” and he suggested that we stop being so assiduous, on the eve of elections, about trying to get out the vote.

– A survey taken in October 1996 revealed that one in ten voters did not know who the Republican or Democratic nominees for president were. This is particularly sobering when one remembers that one of the questions traditionally asked in psychiatric wards as part of the test for sanity is “Who is the president of the United States?”

– Very few Americans understand the degree to which corporations have taken over their lives. But according to a poll taken by Time magazine, nearly 70 percent of them believe in the existence of angels; and another study turned up the fact that 50 percent believe in the presence of UFOs and space aliens on earth, while a Gallup poll (reported on CNN, 19 August 1997) revealed that 71 percent believe that the U.S. government is engaged in a cover-up about the subject. More than 30 percent believe they have made contact with the dead.

– A 1995 article in the New York Times reported the results of a survey that revealed that 40 percent of American adults (this could be upward of 70 million people) did not know that Germany was our enemy in World War II. A Roper survey conducted in 1996 revealed that 84 percent of American college seniors cannot understand a newspaper editorial in any newspaper, and a U.S. Department of Education survey of 22,000 students in 1995 revealed that 50 percent were unaware of the Cold War, and that 60 percent had no idea of how the United States came into existence.

– At one point in 1996, Jay Leno invited a number of high school students to be on his television program and asked them to complete famous quotations from major American documents, such as the Gettysburg address and the Declaration of Independence. Their response in each case was to stare at him blankly. As a kind of follow-up, on his show of 3 June 1999, Leno screened a video of interviews he had conducted a few days before at a university graduation ceremony. He did not identify the institution in question; he told his TV audience only that the students he had interviewed included graduate students as well as undergraduates. The group included men, women, and people of color. Leno posed eight questions, as follows:

1. Who designed the first American flag? Answers included Susan B. Anthony (born in 1820,) and “Betsy Ford.”

2. What were the Thirteen Colonies free from, after the American Revolution? One student said, “The East Coast.”

3. What was the Gettysburg Address? One student replied, “An address to Getty;” another said, “I don’t know the exact address.”

4. Who invented the lightbulb? Answers included Thomas Jefferson

5. What is three squared? One student said, “Twenty-seven;” another said, “Six.”

6. What is the boiling point of water? Answers included 115 degrees?

7. How long does it take the earth to rotate once on its axis? The two answers Leno received here were “Light years” (which is a measure of distance, not time,) and “Twenty-four axises [sic].”

8. How many moons does the earth have? The student questioned said she had taken astronomy a few years back and had gotten an A in the course but that she couldn’t remember the correct answer.

It is important to note that not a single student interviewed had the correct answer to any of these questions. Leno’s comment on this pathetic debacle says it all: “And the Chinese are stealing secrets from us?”

– A 1998 survey by the National Constitution Center revealed that only 41 percent of American teenagers can name the three branches of government, but 59 percent can name the Three Stooges. Only 2 percent can name the chief justice of the Supreme Court; 26 percent were unable to identify the vice president. In the early 1990s, the National Assessment of Education Progress reported that 50 percent of seventeen year olds could not express 9/100 as a percentage, and nearly 50 percent couldn’t place the Civil War in the correct half century–data that the San Antonio Express News characterized as evidence of the “steady lobotomizing” of American culture. In another study of seventeen year olds, only 4 percent could read a bus schedule, and only 12% could arrange six common fractions in order of size.

– Ignorance of the most elementary scientific facts on the part of American adults is nothing less than breathtaking. In a survey conducted for the National Science Foundation in October 1995, 56 percent of those polled said that electrons were larger than atoms; 63 percent stated that the earliest human beings lived at the same time as the dinosaurs (a chronological error of more than 60 million years;) 53 percent said that the earth revolved around the sun in either a day or a month (that is to say, only 47 percent understood that the correct answer is one year;) and 91 percent were unable to state what a molecule was. A random telephone survey of more than two thousand adults, conducted by Northern Illinois University, revealed that 21 percent believed that the sun revolved around the earth, with an additional 7 percent saying that they did not know which revolved around which.

– Of the 158 countries in the United Nations, the United States ranks forty-ninth in literacy. Roughly 60 percent of the adult population reads as much as one book a year, where book is defined to include Harlequin romances and self-help manuals. Something like 120 million adults are illiterate or read at no better than a fifth-grade level. Among readers age twenty-one to thirty-five, 67 percent regularly read a daily newspaper in 1965, as compared with 31 percent in 1998.

– In a telephone survey conducted in 1998, 12 percent of Americans, asked who the wife of the biblical Noah was, said “Joan of Arc” (reported on National Public Radio, 13 June 1998.)

– In 1997, as a hoax, the attorney general of the state of Missouri submitted a proposal to an international academic accrediting agency (not identified) to establish an institution he named Eastern Missouri Business College, which would grant Ph.D’s in marine biology and genetic engineering, as well as in business. The faculty would include, inter alia, Moe Howard, Jerome Howard, and Larry Fine–that is, The Three Stooges; and the proposed motto on the college seal, roughly translated from the Latin, was Education Is for the Birds. The response? Academic accreditation was granted."
Complete article is here. Read it and weep...
o
o
As the great Mogombo Guru said, "We're so freakin' doomed!"
And that's why...

"How Much Is Too Much?"

Full screen recommended.
Dan, I Allegedly 7/29/23
"How Much Is Too Much?"
"We are seeing California house payments at an all time high. How much do you pay for your rent or your house payment. Here in Southern California the average rent is shocking. We had another bank failure and it was done after hours on a Friday night."
Comments here:

"Breaking: Food Shortage Report 2023 - It's Worse Than We Thought!"

Adventures With Danno, 7/29/23
"Breaking: Food Shortage Report 2023 - 
It's Worse Than We Thought!"
"In today's video, we are covering different food shortages that we are expecting in the upcoming months! We are getting reports all around the country on different food shortages that we are starting to find in major supermarkets! This is not good as people continue to try and put food on the table with extremely high prices in the grocery stores!"
Comments here:

"Military Draft; Grid Collapse; Global Food Shortages; Martial Law; Heat Records"

Full screen recommended.
Canadian Prepper, 7/28/23
"Military Draft; Grid Collapse; Global Food Shortages;
 Martial Law; Heat Records"
Comments here:

Friday, July 28, 2023

"Famous 'Back To The Future' Mall A Sad Reminder Of How Bad The Economy Really Is, Businesses Are Done"

Full screen recommended.
Jeremiah Babe, 7/28/23
"Famous 'Back To The Future' Mall A Sad Reminder 
Of How Bad The Economy Really Is, Businesses Are Done"
Comments here:

Musical Interlude: Deuter, "Sound of Invisible Waters"

Deuter, "Sound of Invisible Waters"

"A Look to the Heavens"

"Riding high in the constellation of Auriga, beautiful, blue vdB 31 is the 31st object in Sidney van den Bergh's 1966 catalog of reflection nebulae. It shares this well-composed celestial still life with dark, obscuring clouds recorded in Edward E. Barnard's 1919 catalog of dark markings in the sky. All are interstellar dust clouds, blocking the light from background stars in the case of Barnard's dark nebulae. For vdB 31, the dust preferentially reflects the bluish starlight from embedded, hot, variable star AB Aurigae.
Exploring the environs of AB Aurigae with the Hubble Space Telescope has revealed the several million year young star is itself surrounded by flattened dusty disk with evidence for the ongoing formation of a planetary system. AB Aurigae is about 470 light-years away. At that distance this cosmic canvas would span about four light-years.”

"It's A Mess, Ain't It?"

Deputy Wendell: "It's a mess, ain't it Sheriff?"
Sheriff Ed Tom Bell: "Well, if it ain't, it'll do till the mess gets here."
- "No Country For Old Men"

Oh, the mess is here alright...and you ain't seen nothin' yet...
Brace for impact.

"20 Stats To Show To Anyone That Does Not Believe The U.S. Economy Is Falling Apart"

Full screen recommended.
"20 Stats To Show To Anyone That Does 
Not Believe The U.S. Economy Is Falling Apart"
By Epic Economist

"Americans are sick and tired of hearing that the economy is going 'just fine' when they continue to face major challenges to make ends meet every month. The cost of food is still soaring, gas prices jumped to an eight-month high this month, rent and housing costs are taking an even larger share of people's monthly payments, utilities are more expensive, and somehow we're still expected to have money left to save for emergencies and our futures at the end of every month. That seems too much to ask for many struggling families. There's no way everything is 'just fine' when the biggest part of our population is going into debt to be able to cover their basic needs while over 30 million people have fallen below the poverty line.

No matter what the media or government officials say, what we're facing on a daily basis is far more real than their numbers and projections about the economy. They say inflation is going down, but many of us are still seeing the cost of groceries hit new highs everytime we visit the store. We're paying more for our houses, our rents, our cars, and virtually everything we consume. If that's what a normal economy looks like, then we're in far more trouble than we all imagined. Wheather they want to admit it or not, we're on the middle of a devastating economic downturn, and our population is deeply hurting from it. The most important indicators debunk anyone who says the U.S. economy is in the right direction.

For example, last month, employers added just 221,000 jobs, the smallest gain in two and half years. Job openings have also dropped to the lowest level since May 2021. So far this year, several large companies have announced mass layoffs, such as 3M, which conducted 6,000 job cuts; while Disney slashed 7,000 jobs, Amazon laid-off 18,000 workers, Meta eliminated 11,000 positions, Google reduced its workforce by 6% or 12,000 jobs, and Walgreens just announced that 16% of its staff members will face lay-offs in the coming months. New Morning Consult data finds that Americans are deeply concerned about widespread job losses, with 75% citing those worries in May 2023. The report also revealed that nearly 2 in 5 U.S. adults are concerned about losing their own job, including 17% of baby boomers, 45% of Gen Xers, 56% of millennials, and 52% of Gen Zers.

Meanwhile, from January 2020 to January 2023, the number of job openings for middle-income positions fell by almost 10 percentage points, according to The Pew Research Center. While in early 2020, nearly 25% of job openings offered annual salaries between $58,000 and $99,000, by January this year, only 15% of open positions offered the same pay. Meanwhile, 35% of open jobs offer upper-income salaries of $100,000 or more. Typically, these positions are filled only by high-skilled professionals and college-educated Americans. In contrast, half of open positions in 2023 are for low-wage jobs.

Today, we compiled several numbers that prove conditions are getting harder for American workers as the cost of living crisis continues to accelerate."
Comments here:

"We’ll All Pay for This"

"We’ll All Pay for This"
By Jeffrey Tucker

"You never wanted to live through such times. I didn’t either. My own mindset four years ago was essentially that of a Victorian intellectual. I believed that we mostly had life figured out, mostly had unity on the basic principles of life. We should protect liberty through law. Government should be frugal or at least have plans in place to pay for what it spends. That peace is better than war. That the military is brutal and should be deployed sparingly and never against masses of the domestic population.

Yes, sure there were bad things going on, and plenty of messes out and about. But generally, innovation was keeping up, stocks were rising, inflation was mostly flat or tolerable, war was in the process of being discredited and health care and inflation could be reformed in a way that was market oriented.

Taxes could even be cut more, provided the right people controlled the Congress. There were crazy ideological groups on the loose - left and right - but they were far from being mainstream, much less a threat. In other words, I believed that things could only get better, maybe not right away, but over time.

The darkness fell in March 2020. We had no idea (at least I did not) that the foundations of civilization itself had cracked. The ceiling too. Both collapsed at the same time. What that month revealed to us - and the subsequent time further underscored - is that we were far worse off culturally and intellectually than I ever knew.

I talk to people all the time who still think that we can get through this without paying a heavy price. It’s nonsense. You can move to a red state. You can save your money. You can disappear from social media. You can stock up on essentials. All of those are worthy ideas. But there will be no one who will be safe from the coming storms.

The Insane Spending: Congress has been on a wild spending spree ever since those days, simply because they could. It was this binge that allowed the insanity at the state level to continue on and on. Essentially, Congress paid for the country to destroy itself.

I will illustrate the astonishing shock of what happened with a chart that, for some odd reason, I’ve never seen printed in the mainstream press. It shows total public debt as a percentage of GDP in 2020.
Here is another way to look at the same problem. This chart shows the percentage increase in federal government spending. What has happened in the last four years makes every administration we’ve ever had look like a pillar of frugality.
This is not an illusion. It represents the grim reality. The world as we know it was blown up. This is all reality: This debt will need to be paid. I can count a number of ways:

1. Inflation. This is already in double digits among producer prices. The consumer price index is going to come as a shock. Except that it will be reported with as much calm nothingness as possible, so that the natives won’t get restless.

This inflation itself will be underreported simply because we have a nation full of empty shelves. Everywhere. On random things. I was poking around some stores last night and observed that there were rows and rows of empty shelves in the store. This is nuts. Stores fight for shelf space. They keep as much inventory out as possible. Now they are moving shelves around to disguise the lack of goods. The rationing is already here with liquor and random goods in stores, but the Biden administration won’t hesitate to impose it on a broader class of goods. 

The Fed right now is toying around with the idea of restricting inflationary monetary policies, possibly raising rates and curbing its debt purchases. Jerome Powell is making ever louder noises as a warning to Wall Street that the party could be ending soon. You know why markets have stopped listening to him? Because they do not believe him. They know that he will not do this because the damage is too deep and wide. For the Fed to end its policies would cause rates to soar, lending to collapse and the economy to tumble into a depression like we’ve never seen before.

Therefore the chairman of the Fed has one job right now and he knows it: keep this illusion alive as long as possible. When the chaos finally happens, his plan is to stay out of the way.

2. Taxation is the second way to pay. The IRS will certainly be monitoring more money coming and going from your bank account. The protests against the idea are feeble and temporary and this will happen. Will it work at raising revenue? I doubt it. It will however be used as another tool for targeting regime enemies. This power will reveal everyone as a viable subject for a tax audit. They can continue for years and drive people to despair and suicide. They usually cost more than they raise.

What about taxing the billionaires? Even if that works, and it will not because there is a reason these people are billionaires (they are smart), it would only pay the debt of a few days. When the total productivity of a nation falls below the accumulated debt that a nation owes, you are technically in default. Speaking of which:

3. Find new markets for the new debt. Five years ago, there were markets for U.S. debt all over the world and they were expanded. But in the meantime, the U.S. gave up its world leadership position. It encouraged a decoupling from trade, the destruction of supply chains, the ruination of traditional trade partnerships and the disintegration of decades of policies that promoted global integration. Now the U.S. finds itself in a strange position of being nearly alone, while China and the entire region develops new trade strategies and policies. At this stage, default might be the wisest move. Sure, that would ruin the U.S. as a credit risk for a generation. But that might happen in any case.

The Denialists: The first lecture I ever delivered on economics was about government spending and how it was going up dramatically in the mid 1980s. Yeah, we didn’t know what dramatic was! In any case, I recall explaining this to the kids there. They didn’t believe me. The entire media complex was complaining about spending cuts. How could they say this if spending was going up? I held up the chart. I passed around the chart. They questioned my source. I showed them the government document.

They never did come around to believing me. People believe what they want to believe. So too, people imagine that life can be normal again very soon. But reality has a way of prevailing over what we imagine to be true."