Jim Kunstler, "Blobitis"

"Blobitis"

by Jim Kunstler

“Our government has not failed us. To fail implies there 

was at least a good faith effort to do the right thing.”

 - Eric Matheny

"The new science of blobology informs us that political blobs blow up like dying stars gorging on runaway fusion.The blob expands beyond the viable limits of its internal contradictions and implodes in a spectacular vacuum of absurdity. The Washington DC blob’s dire pulsations lately signal that it’s about to blow its toxic endoplasm all over our nation’s capital, drowning many denizens in deadly slime.

Did you catch Attorney General Merrick Garland’s performance Wednesday before the House Judiciary Committee? The absurdity ran pretty rank in the chamber as the AG artfully evaded explaining how it is he doesn’t know a darn thing about the consequential cases in process at his DOJ - and if he did happen to know, he wouldn’t be able to say because… reasons.

For instance, the strange inability of one US attorney David Weiss to generate charges after five whole years of investigation in the sundry matters involving the president’s son, Hunter Biden, until the statute of limitations on tax evasion dribbled away. And then, after concocting a booby trapped plea deal on a Mickey Mouse gun rap that blew up under a judge’s scrutiny, the selfsame Mr. Weiss is appointed Special Counsel (i.e. prosecutor) over those very cases. Say, whu…? Not to mention that it’s against the regulations to appoint anyone special counsel from within the DOJ.

Well, you see, Mr. Weiss is a splendid fellow, Mr. Garland explained. When asked if he could give a working definition of professional incompetence, the AG affected to be stumped. In the course of all this play-acting, Mr. Garland maybe perjured himself several times, and he seemed painfully aware of his own possible looming legal difficulties.

One suspects through all this mummery and confabulation that Merrick Garland is not actually in charge of the US DOJ. Then who is? My guess would be the ultra low profile Deputy AG Lisa Monaco, a mitochondria of the DC blob, one of its energy cells. Ms. Monaco was up to her eyeballs in the Obama regime’s prep work for the Russia Collusion Hoax of 2016, and since her appointment as DAG in April, 2021, is a behind the scenes architect of the new American police state. The Washington Post pretends that she doesn’t exist. One also wonders when a House committee will become interested in deposing her, especially on the subject of her involvement with J-6 prosecutions.

So far, the blob has gotten away with its many depredations because the DC federal district court is one of its pseudopods, able to reach out, engulf, and dissolve anyone who poses a threat. But a turning point in America’s struggle against blobbery may have been crossed far away from there. Down in Texas, which is lately afflicted with blobitis, the state Attorney General Ken Pxton escaped an impeachment trap laid by Party of Chaos state legislators and blob allies revolving around Karl Rove and the next-gen Bush family, losing its legacy as owners of the Texas GOP.

Mr. Paxton must be royally pissed off by these shenanigans and maybe ready to rumble with blob agent Homeland Security Sec’y Alejandro Mayorkas and his putative boss, “Joe Biden.” As it happens, with Autumn here and temperatures along the border moderating, crossings of illegal aliens are at 10,000 a day. A few days after Mr. Paxton’s aquittal in the Texas Senate, Governor Greg Abbot officially declared “an invasion.” Under the US Constitution, federal failure to defend the border allows the states to repel the invaders with force. It also pretty explicitly spells out an impeachable offense against “Joe Biden” - failure to defend our country. The blob quivers and throbs."

- https://kunstler.com/

"This Debt Market Meltdown May Just Be Getting Started"

Gregory Mannarino, AM 9/22/23

"This Debt Market Meltdown May Just Be Getting Started"

- https://traderschoice.net/

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Dan, I Allegedly, "How Scary is This?"

Full screen recommended.

Dan, I Allegedly AM 9/22/23

"How Scary is This?"

"How awful is this? There is a company that is falsifying documents for airline parts. Who would want to fly on an airplane that had bogus parts used in this construction? Plus, all the leading economic indicators are pointing down."

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"Walmart Grocery Prices Going Up In Fall & Winter 2023! Get Ready! This Is Not Good!"

Adventures With Danno, AM 9/22/23

"Walmart Grocery Prices Going Up In Fall & Winter 2023! 

Get Ready! This Is Not Good!"

"In today's vlog, we are going over Walmart grocery prices that are going up in the fall & winter of 2023, and why this could be devastating for some families!"

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Musical Interlude: Liquid Mind, "Velvet Morning"

Full screen recommended.

Liquid Mind, "Velvet Morning"

Liquid Mind ® is the name used by Los Angeles composer and producer

Chuck Wild of the best-selling Liquid Mind relaxation music albums.

"A Look to the Heavens"

“Barred spiral galaxy NGC 1365 is truly a majestic island universe some 200,000 light-years across. Located a mere 60 million light-years away toward the chemical constellation Fornax, NGC 1365 is a dominant member of the well-studied Fornax galaxy cluster.

This impressively sharp color image shows intense star forming regions at the ends of the bar and along the spiral arms, and details of dust lanes cutting across the galaxy's bright core. At the core lies a supermassive black hole. Astronomers think NGC 1365's prominent bar plays a crucial role in the galaxy's evolution, drawing gas and dust into a star-forming maelstrom and ultimately feeding material into the central black hole.”

- http://apod.nasa.gov/apod/ap100820.html

"There Is Always The Hope...'

“What happens to people living in a society where everyone in power is lying, stealing, cheating and killing, and in our hearts we all know this, but the consequences of facing all these lies are so monstrous, we keep on hoping that maybe the corporate government administration and media are on the level with us this time. Americans remind me of survivors of domestic abuse. This is always the hope that this is the very, very, very last time one’s ribs get re-broken again.”

- Inga Muscio

"Buyer Beware - Prepare For A Major Crash, Markets Must Collapse"

Jeremiah Babe, 9/21/23

"Buyer Beware - Prepare For A Major Crash, 

Markets Must Collapse"

Comments here:

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o

- https://www.asktraders.com/analysis/

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A comprehensive, essential daily read.

- http://www.shadowstats.com/

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Financial Stress Index

"The OFR Financial Stress Index (OFR FSI) is a daily market-based snapshot of stress in global financial markets. It is constructed from 33 financial market variables, such as yield spreads, valuation measures, and interest rates. The OFR FSI is positive when stress levels are above average, and negative when stress levels are below average. The OFR FSI incorporates five categories of indicators: credit, equity valuation, funding, safe assets and volatility. The FSI shows stress contributions by three regions: United States, other advanced economies, and emerging markets."

"The U.S. Isn’t Becoming Rome"

"The U.S. Isn’t Becoming Rome"

by Brian Maher

"The United States - and its purported diminishment - is often likened to the Roman Empire. As the Roman Empire succumbed to debauchery, degeneracy and profligacy… the United States is succumbing to debauchery, degeneracy and profligacy. As Rome had its bread and its circuses, the United States has its bread and its circuses. They differ merely in form. Not in substance. In brief: The Roman destiny will be the American destiny. That destiny is of course ruin.

So runs the theory. Yet does another wrecked empire offer a truer mirror of American decline than Rome’s? What former empire might this be? Answer shortly. Let us first look in on another scene of debauchery, degeneracy and profligacy - Wall Street.

Discouragement" Yesterday the Federal Reserve elected to sit upon its hands. It held interest rates even. The stock market’s initial response was… mixed. The Dow Jones Industrial Average was encouraged while the S&P 500 and Nasdaq Composite were discouraged. By closing whistle all three were discouraged.

The Dow Jones concluded trading down 76 points. The S&P retreated 41 points while the Nasdaq was most discouraged of the three  down a dispirited 209. Wall Street was disappointed, profoundly, that Mr. Powell and mates dangled before it the threat of additional rate increases. “We have to do more with rates,” intoned the chairman today.

This Is the Empire America Most Resembles: Yet to revisit today’s central question: Does another formerly grand empire offer a superior mirror of American decline - than Rome itself? Today we stand before the jury… and argue the case that one such empire exists. What empire is this? The Spanish Empire. That is correct - the Spanish Empire.

In this telling the American destiny is not Rome’s destiny. It is Spain’s destiny. A certain R. Taggart Murphy professes international political economy at a Japanese university. From whom: "Those contemplating the possible demise of American global hegemony most often turn for lessons to Rome… but the parallels between America and Spain are striking."

Striking? You have seized our attention. Please, sir, elaborate. "Spain was the first global superpower. Obviously, there had been other great powers - Rome, the China of the Tang and Ming dynasties, the vast Mongol domains - but none had spanned oceans and continents the way the Spanish Empire did at its height.

In the first half of the 16th century, Charles V reigned over vast swathes of Europe; his son Philip II controlled most of the Western Hemisphere as well as a sizable chunk of Asia (the Philippines were named after him). Imperial Spain’s maximum territorial reach would only be surpassed by the British Empire in the 19th century, and in the 20th by the informal American imperium, with its 750 overseas bases and network of global alliances." We must agree. The Spanish reach was vast - as the American reach is vast.

Money and Empire: And as the American empire bosses the world with its dollar… the Spanish Empire bossed the world with its gold and silver specie: "The most revealing parallels relate to a different expansionary dynamic - that of money. The key to so much else that happened to both countries was the appearance of what seemed like unlimited wealth but was actually access to unlimited quantities of a universal medium of exchange, craved and accepted everywhere.

In the late 16th century, the Spanish elite could buy whatever it wanted wherever it wanted with the gold and silver that was pouring into Spain from the mines of Peru and Mexico. Today, the American ruling class can do the same with U.S. dollars created at will…

That Midas-like power permitted elites in both countries to confuse money with what it could buy, and led to financialization, politically dangerous levels of inequality and the wasting of wealth on endless wars aimed at remaking the world in the image, respectively, of Iberian Catholicism and American democracy."

We believe this Murphy fellow has struck bull’s-eye. He sketches a parallel very nearly perfect - in our estimation at least. Mr. Murphy proceeds to inform us that Spain was the most debt-sunken nation of Europe… despite its infinities of gold and silver. We might remind you that the United States national debt presently exceeds $33 trillion. And that its debt-to-GDP ratio exceeds 120%. This, despite its infinity of dollars.

Spain Blows It: What, Mr. Murphy, befell Spain and its American-mirrored empire? "Spain blew it. Already by the middle of the 17th century, under the crisis-ridden rule of Philip IV, the Iberian kingdom “had been left behind by the rest of Europe,” as John A. Crow wrote in his classic study 'Spain: The Root and the Flower'."

The next question is the natural question: Will the United States steer an identical course? "Over the past several decades, dollar hegemony has landed the United States in the same position that Spain enjoyed after the conquest of the Aztec and Inca empires. Like Habsburg monarchs of an earlier age, those who manage the American economy are able to run “deficits without tears…"

But if Spanish history is any guide… all that money tempts you to do what less well-positioned countries would hesitate to consider - because they can’t afford it: namely, wage endless wars. The United States has embarked upon many of these wars. It presently wages one of proxy in the nation of Ukraine. If the gods are kind it will remain a war of proxy - again - if the gods are kind. Are they?

Imperial Ideology: Mr. Murphy cites an additional Spanish-American parallel: ideology. The ideologies are opposites yet they are the same. They are both crusading faiths. Spain was hot to fan the Catholic faith worldwide. The United States is hot to fan the democratic faith worldwide.

Spain had its infamous Inquisition, yes. Yet the United States runs its own Inquisition of sorts - an Inquisition not religious in nature but secular in nature: "The parallels extend from the material substrate to the cultural and ideological realm… Washington [has established] an updated Tribunal of the Holy Office of the Inquisition…

The institutional and technical apparatus that this newly reincarnated Holy Office has constructed to impose orthodoxy and eliminate error would earn the envy and admiration of its Spanish forebears.

It starts with the ubiquitous diversity, equity and inclusion offices in practically every corporation, university, government agency and civil-society organization… It has new names, the “Global Engagement Center” in the State Department being one of the most noteworthy, but the aims remain the same: ferreting out heresy or, as they now call it, “disinformation.”

Once again there is juice here. The American imperium recently bears a very powerful ideological impress. You may, if you wish, label it “woke.”

“The Most Formidable Tool of the New Holy Office”: What is “the most formidable tool of the new Holy Office”? The most formidable tool of the new Holy Office is its control of the internet. Here we find echoes of the draconian response of the Catholic hierarchy to translations of the Bible into the vernacular and their wide dissemination made possible by the newly invented printing press…"[All of this] tempts countries — or at least the ruling classes of such countries — into global imperial projects, driven by the fantasy that they are the vehicles of universal salvation…

Spain’s example suggests that tears may indeed await countries whose elites convince themselves that they have been chosen by God to spread his faith throughout the world — or, to update the language, that theirs is the world’s “indispensable nation,” ordained by history to bring it to an end…"

The historical boneyard is strewn with many such “indispensable nations.” Spain was one. The United States will likely end in the identical burial ground… on some distant tomorrow at least. We do not believe it is imminent.

Yet if you seek to divine the American future, look less to Rome. Look more to Spain.

- https://dailyreckoning.com/

The Daily "Near You?"

Lehigh Acres, Florida, USA. Thanks for stopping by!

"Meltdown! Leading US Economic Indicators Crater Again! Bond Market Selloff!"

Gregory Mannarino, PM 9/21/23

"Meltdown! Leading US Economic Indicators 

Crater Again! Bond Market Selloff!"

- https://traderschoice.net/

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"The Biggest Car Market Collapse Of Our Lifetime Has Begun"

Full screen recommended.

Epic Economist, 9/21/23

"The Biggest Car Market Collapse 

Of Our Lifetime Has Begun"

"The car market collapse of 2023 is reaching proportions no one could’ve predicted just a couple of years ago. While the used car market is spiraling downward, automakers are facing worrying disruptions in the production of new cars, and inventory is getting tight again, which could add even more pressure on prices in the final stretch of the year. Major Wall Street Banks including JP Morgan and Morgan Stanley are warning that this crisis can derail the economy and wreak havoc on financial markets this fall, and today we explain how it can affect American consumers over the next few months.

About a week ago, August data was released, and the downtrend gripping the industry became even more evident. The used car market saw the biggest August drop in over a decade, with prices falling 6.6%. But according to Cox Automotive, used car prices haven’t bottomed out yet. Since January, some popular models have faced an up to 30% crash as the supply of used cars leveled out and demand for these vehicles waned.

Those price changes have been significant for car buyers, especially as higher interest rates make auto loan payments more expensive. On the flip side, car dealers are seeing a profit squeeze as demand continues to cool down. As for the new car market, conditions are vastly different. According to analysts at Reuters, now that the United Auto Workers union has started a strike, the new car segment is about to be thrown into turmoil all over again.

Insiders believe that if no agreement is reached by the end of this week, that could quickly spread in numbers and locations. Together, GM, Ford, and Stellantis account for about 43% of new cars sold in the U.S. In other words, the disruption in the supply chain is expected to reach enormous proportions.

To make things even more complicated, Morgan Stanley economists say the blow on U.S. economic output and payrolls could contract GDP by almost one full percentage point in the fourth quarter. With oil prices at their highest this year and eyeing $100 a barrel again, the last thing we need is another inflation catalyst. At this point, crude futures are up by 30%. That is, oil is once again inflationary, not deflationary. Over the past 30 days, gasoline prices accelerated all across the U.S., peaking at $3.984 per gallon in the third week of August, according to data from the U.S. Energy Information Administration.

This is a worst-case scenario for the Federal Reserve. Policymakers and financial market participants won't need reminding of the role supply chain disruptions and semiconductor shortages, as well as shortages of parts and other inputs had in driving inflation to the highest in over 40 years. They will need to hike rates for much longer than they’ve predicted to achieve the goal of 2% inflation. The problem is that financial markets are hanging by a thread. And that will put investors, companies, and banks at risk due to their exposure to auto loans.

When Elon Musk alerted his followers on Twitter earlier this year that the auto loan crisis would lead us to the “worst financial crisis ever,” the media rapidly refuted his remark saying that the two sectors weren’t directly associated. But now the connection is clear. A historic car market crash is already in motion, and you just have to open your eyes to see it."

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"Gerald Celente, Trends Journal 9/21/23"

Strong language alert!

Gerald Celente, Trends Journal 9/21/23

"As Forecast: Market Meltdown Coming"

"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present facts and Ttuth over fear and propaganda to help subscribers prepare for what’s next in these increasingly turbulent times."

- https://trendsjournal.com/

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"How It Really Is"

Bill Bonner and Joel Bowman, "Pride and Prejudice"

"Pride and Prejudice"

Fed to "proceed carefully" and Americans

 to keep their opinions to themselves...

by Bill Bonner and Joel Bowman

Poitou, France -  "Of course, you already know the news. Bloomberg: "Fed Signals Higher-for-Longer Rates With Hikes Almost Finished." Federal Reserve Chair Jerome Powell made clear Wednesday the central bank is close to done raising interest rates, but his colleagues delivered the message that resonated: Borrowing costs must remain higher for longer amid renewed strength in the economy. After a series of rapid rate hikes over the past 18 months, the Fed can now “proceed carefully,” Powell said — a sentiment he repeated at least a dozen times Wednesday …"

And of course, you know too that this is all nonsense. Is inflation going up or down? Jerome Powell will find out at the same time as the rest of us. And if it goes up substantially, he will have to raise rates, whether he wants to or not. For now, he will follow; he won’t lead.

Out of Control: The Fed is not really in control. Not now. But it has to appear that it is pulling the strings and turning the knobs. And those things have effects of their own. Investors will buy…or sell…depending on which way they think the wind is blowing. The real test…the moment of truth…will come when asset prices start to go down in a hurry. Then, the Fed will have a real choice – either lead, or follow. Inflate or die. It will then either follow deflating prices with lower interest rates. Or, it will panic and lead the way into a more dangerous inflationary cycle. We will see.

In the meantime, here comes news from Hollywood Unlocked: "Rolling Stone Co-Founder Fired From Hall Of Fame Board After Saying Black Artists Weren’t As Articulate As White Stars." Wenner was discussing his new book. He made the mistake of speaking his mind. For his interviews, he thought the white music greats were more forthcoming. He apologized later, but the harm was done. In America, saying what you really think is verboten.

Too bad. Prejudices are helpful. They economize time. And they help organize things in an orderly, agreeable way. Imagine that you are looking for an investment advisor. You talk to a young man who is dirty, smelly and uses foul language. For all you know, he may be the greatest investor of all time. But your prejudice tells you to keep looking. We take great pride in our prejudices. And since prejudices have fallen out of style, that is, since so many people seem to have a prejudice against them, we rise with a contrarian view.

A Matter of Preference: We like baked onions. We are not fond of fish, generally. When we see a nice, ripe apple on a tree, it gives us a good feeling. A snake – even a harmless black snake – does not.

We all have prejudices – ideas, tastes, preferences about the way things are…or how they should be. The whole progress of humanity depends on them. Some things are good, desirable, worth cultivating and working for…even dying for. Others aren’t. We must choose. We must discriminate. A woman chooses the most desirable mate she can get. A man chooses the best value auto he can afford. We develop prejudices – often unconscious ones – as a kind of shorthand or algorithm to guide us.

Imagine, again. You are a member of a primitive tribe. Another tribe, your hereditary enemies for generations, suddenly appears, girded for battle, near your camp. As far as you know, they have come bearing gifts…wishing to sit around the campfire with you, singing songs of friendship. But you have a bias. You believe they can’t be trusted…you think they have come to kill you and turn your wife and children into slaves. You could be mistaken. Maybe you’re ‘just prejudiced.’ But the cost of being wrong will be high…probably fatal. Prejudice could save you.

Marketing, politics, marriage, work, religion – at some level, all are just a clash of prejudices. Nobody knows the future. Nobody knows what God wants. Nobody knows what is ‘best.’ We all have to guess, by generalizing…stereotyping…and discriminating. And together, through trial and error, mistake, misfire, and misjudgment we stumble along.

In a banned episode of The Simpsons, Homer decides he needs financial help. “I want a Jew,” he says. Maybe Homer didn’t know it, but Bernie Maddoff was a Jew. It didn’t matter. Homer was just giving voice to a popular, but now forbidden, prejudice: Jews are better with money than goyim.

But what we are all most prejudiced about is ourselves. Musk oxen prefer the company of other musk oxen. Elk, geese, penguins – all stick to their own kind. Even slime molds seem to have an affinity for other slime molds just like themselves. And when we look in the mirror, we wonder how any race could be as fetching as we are. If we were Chinese, we would think the Chinese were superior. If we were Italian, we’d likely think Italians had some edge. Jews…Blacks…every group develops a kind of pride in itself…and prejudices towards others. Poor Jan Wenner apologized later, but the harm was done. In America, recognizing your own prejudices is unpardonable." More to come…"

o

Joel’s Note: Long time readers will already be familiar with the phrase “higher for longer.” In fact, it was the title of a column we published in these very pages… back in September of last year! “No, it’s not the name of Snoop Dog’s new album,” we joked at the time, “it’s what we’re forecasting the Fed will do with interest rates in the face of persistent, decidedly non-transitory inflation.” And lo! Here we are… twelve months on… by told by the jefe himself…that rates will, indeed, be higher for longer. Huzzah!

Not that Mr. Powell has every been “ahead of the curve,” so to speak. The man who gave us “transitory inflation” is still battling to get that toothpaste back in the tube. The Fed’s core measure for August showed the biggest increase in 14 months… and that’s on top of the steepest rate hike in living memory. What now? Is it “inflate or die,” as we’ve been chorusing… or inflate and die, as some have put it? We’ll have to wait and see.

Meanwhile, Dan and Tom are polishing the new BPR Doom Index V2.0… “The idea behind the Doom Index,” mused Bill when he introduced the very first iteration more than a decade ago, “is to measure the tension in the system and get a better idea of when the rubber band is going to snap.”

Dear readers know full well the kind of “tension” of which Bill speaks. It’s the chasmic divide between the Wall Street economy and Main Street reality… between D.C. politics and what folks in America’s cities experience on a day to day basis… between what the mainstream presstitutes spout of an evening and what working Americans see and hear with their very own eyes and ears…

“We're focused on the real economy,” explains Dan, “instead of the fake stock market. As such, we're concentrated on the price and flow of the 'master economic resource,' energy. The 8 indicators in the new index are almost all related to the flow of energy in the real economy, from extraction, to transport, to use (this is a faint echo of how the Transports, the Utilities, and the Industrials work in Dow Theory)…”

The new index – Doom 2.0 – will feature prominently in next week’s Monthly Strategy Report, available to subscribers. If you’re not already enjoying all our member’s research, feel free to get “ahead of the curve” and join us, here…"

- https://www.bonnerprivateresearch.com/

"Home Depot Is In Trouble Now, This Is A Warning"

Full screen recommended.

The Atlantis Report, 9/21/23

"Home Depot Is In Trouble Now, This Is A Warning"

"Home Depot is dealing with a major crisis, and the global leader in home improvement is in trouble. A company that has long been considered a barometer of the real estate market and the overall economy, is facing serious financial challenges in the last quarter of 2023. Home Depot boasts a storied history as a bellwether indicator for many industries. Over the years, it has consistently mirrored the pulse of the housing and construction industry as well.

What makes Home Depot particularly intriguing is its resilience in the face of adversity. Even during previous downturns, including the infamous Great Recession, Home Depot weathered the storm. Its ability to adapt and thrive during challenging financial times is somewhat of an anomaly. Yet, current indicators appear to deviate from historical patterns. Recent reports have shed light on a series of unfortunate events that Home Depot is currently grappling with. One of the most prominent red flags is the sharp decline in same-store sales experienced during Quarter Two. This downward trend marked Home Depot's third consecutive quarter of negative SSS growth."

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Dan, I Allegedly, "It’s A Spending Revolt"

Full screen recommended.

Dan, I Allegedly 9/21/23

"It’s A Spending Revolt"

'People are making up their minds. They do not want to spend any money between now and the end of the year. It’s going to be a bleak holiday season. Plus, we are seeing tax preparers commit fraud, and try to inflate peoples tax returns to get larger commissions."

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"Gregory Mannarino, AM 9/21/23"

Down the rabbit hole of psychopathic greed and insanity...

Only the consequences are real - to you!

Your guide:

Gregory Mannarino, AM 9/21/23

"Hyper-Alert! Debt Market Selloff Intensifies! 

Stock Market Risk Is Skyrocketing!"

-  https://traderschoice.net/

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"Massive Recall On Hamburger! What Now? What's Next?!

Adventures With Danno, 9/21/23

"Massive Recall On Hamburger! 

What Now? What's Next?!

"In today's vlog, we are covering the latest of hundreds of recalls over the last year. 58,000 pounds of ground beef has been recalled, and we are discussing how this will affect the grocery prices even more than they already have!"

Comments here:

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"This Is The Worst Global Food Crisis In Modern History, And It Is About To Go To An Entirely New Level"

"This Is The Worst Global Food Crisis In Modern History, 

And It Is About To Go To An Entirely New Level"

by Michael Snyder

"Hundreds of millions of people are desperately hungry all over the world, and by the time you are done reading this article more children will starve to death. Earlier this year, CNN actually admitted that we are in the midst of “the worst food crisis in modern history”, but because the mainstream media rarely features images of the tremendous suffering on the other side of the globe most Americans don’t even know that it is happening. Here in the western world, the primary way that the global food crisis is manifesting is through significantly higher prices at the grocery store. Those higher prices are certainly painful, but we can deal with that. But when you don’t have enough food to feed your family on a consistent basis, that really is a nightmare scenario. According to the official UN website, 735 million people were in a “state of chronic hunger” last year

By 2022, approximately 735 million people – or 9.2% of the world’s population – found themselves in a state of chronic hunger – a staggering rise compared to 2019. This data underscores the severity of the situation, revealing a growing crisis. In addition, an estimated 2.4 billion people faced moderate to severe food insecurity in 2022. This classification signifies their lack of access to sufficient nourishment. This number escalated by an alarming 391 million people compared to 2019. The persistent surge in hunger and food insecurity, fueled by a complex interplay of factors, demands immediate attention and coordinated global efforts to alleviate this critical humanitarian challenge. We have never seen numbers like this before.

The government of India responded to this crisis by banning the export of non-basmati white rice, but this has created a massive problem for the dozens of countries that rely on rice exports from India…"Last month, India, which is the world’s largest exporter of rice, announced a ban on exporting non-basmati white rice in a bid to calm rising prices at home and ensure food security. India then followed with more restrictions on its rice exports, including a 20% duty on exports of parboiled rice.

The move has triggered fears of global food inflation, hurt the livelihoods of some farmers and prompted several rice-dependent countries to seek urgent exemptions from the ban. More than three billion people worldwide rely on rice as a staple food and India contributed to about 40% of global rice exports."

Please read that last sentence again. Without rice exports from India, the number of people that starve in poor countries in Africa and the Middle East will soar. Some impoverished nations are literally begging India to start exporting non-basmati white rice again, but so far the government of India is not budging. So the price of rice has been surging all over the world, and supplies are getting tighter and tighter.

Let me ask you a question. What would you do if your child was wasting away from malnutrition right in front of your eyes? In Somalia, that is actually happening to half of all children under the age of five…"In Somalia, families are currently facing a catastrophic food crisis. This is the result of a severe and prolonged drought and decades of conflict that have destroyed crop production and made it almost impossible for herders to find food for their animals. Unfortunately, the most vulnerable are children, with 50% of children under five in the country experiencing acute malnutrition."

Here in the western world, our children are not starving. So we should be thankful for that. But the lines at our food banks are getting longer. Here is an example from the state of Ohio… "Kam McKenzie, SNAP outreach manager for the food bank, said the Liberty Street pantry is seeing 940 more families per month since the end of February, when COVID-era SNAP benefits were halted. “So now we’re averaging maybe a little over 300 families a day coming into our Liberty Street pantry to shop for groceries,” said McKenzie. Based on the amount of food given out by Freestore, she estimated the demand on the pantry is up 27% compared to June of 2022."

And we are experiencing problems with our crops too. In the middle of the country, seemingly endless drought conditions have greatly affected corn crops this year…"Lack of rain has hit crops hard: In Missouri, for example, 40% of the state’s corn crop was classified as poor or very poor, according to the drought monitor. Iowa, the nation’s top corn producer, is in the midst of its worst drought in a decade with about 80% of the state in some measure of drought.

Prolonged drought has even reached the banks of Lake Superior: Parts of Wisconsin have the most severe drought designation for the first time since the 1999 inception of the U.S. Drought Monitor, said Dennis Todey, director of the U.S. Department of Agriculture’s Midwest Climate Hub. “It’s the severity of the drought and the length of the drought that are causing some confounding issues right now,” he said."

Unfortunately, we are still only in the very early stages of this new global food crisis. Multiple long-term trends will combine to make it impossible for us to feed everyone on the planet in the years ahead.

Our politicians know this, but they are being very quiet about our rapidly growing food crisis because they don’t want to alarm the general population. But there will be no escape. Hundreds of millions will not have enough food to eat tonight, and it won’t be too long before the number of people that are facing chronic hunger exceeds a billion. And the final numbers for 2023 will inevitably be even higher, because crops are failing all over the planet.

For example, this has been a catastrophic year for rice crops in India…"Satish Kumar sits in front of his submerged rice paddy in India’s Haryana state, looking despairingly at his ruined crops. “I’ve suffered a tremendous loss,” said the third generation farmer, who relies solely on growing the grain to feed his young family. “I will not be able to grow anything until November.” The newly planted saplings have been underwater since July after torrential rain battered northern India, with landslides and flash floods sweeping through the region.

The government of India responded to this crisis by banning the export of non-basmati white rice, but this has created a massive problem for the dozens of countries that rely on rice exports from India…"Last month, India, which is the world’s largest exporter of rice, announced a ban on exporting non-basmati white rice in a bid to calm rising prices at home and ensure food security. India then followed with more restrictions on its rice exports, including a 20% duty on exports of parboiled rice. The move has triggered fears of global food inflation, hurt the livelihoods of some farmers and prompted several rice-dependent countries to seek urgent exemptions from the ban. More than three billion people worldwide rely on rice as a staple food and India contributed to about 40% of global rice exports."

Please read that last sentence again. Without rice exports from India, the number of people that starve in poor countries in Africa and the Middle East will soar. Some impoverished nations are literally begging India to start exporting non-basmati white rice again, but so far the government of India is not budging. So the price of rice has been surging all over the world, and supplies are getting tighter and tighter.

Let me ask you a question. What would you do if your child was wasting away from malnutrition right in front of your eyes? In Somalia, that is actually happening to half of all children under the age of five…"In Somalia, families are currently facing a catastrophic food crisis. This is the result of a severe and prolonged drought and decades of conflict that have destroyed crop production and made it almost impossible for herders to find food for their animals. Unfortunately, the most vulnerable are children, with 50% of children under five in the country experiencing acute malnutrition."

Here in the western world, our children are not starving. So we should be thankful for that. But the lines at our food banks are getting longer. Here is an example from the state of Ohio…"Kam McKenzie, SNAP outreach manager for the food bank, said the Liberty Street pantry is seeing 940 more families per month since the end of February, when COVID-era SNAP benefits were halted. “So now we’re averaging maybe a little over 300 families a day coming into our Liberty Street pantry to shop for groceries,” said McKenzie. Based on the amount of food given out by Freestore, she estimated the demand on the pantry is up 27% compared to June of 2022."

And we are experiencing problems with our crops too. In the middle of the country, seemingly endless drought conditions have greatly affected corn crops this year…"Lack of rain has hit crops hard: In Missouri, for example, 40% of the state’s corn crop was classified as poor or very poor, according to the drought monitor. Iowa, the nation’s top corn producer, is in the midst of its worst drought in a decade with about 80% of the state in some measure of drought.

Prolonged drought has even reached the banks of Lake Superior: Parts of Wisconsin have the most severe drought designation for the first time since the 1999 inception of the U.S. Drought Monitor, said Dennis Todey, director of the U.S. Department of Agriculture’s Midwest Climate Hub. “It’s the severity of the drought and the length of the drought that are causing some confounding issues right now,” he said."

Unfortunately, we are still only in the very early stages of this new global food crisis. Multiple long-term trends will combine to make it impossible for us to feed everyone on the planet in the years ahead. Our politicians know this, but they are being very quiet about our rapidly growing food crisis because they don’t want to alarm the general population. But there will be no escape. Hundreds of millions will not have enough food to eat tonight, and it won’t be too long before the number of people that are facing chronic hunger exceeds a billion."

- https://www.zerohedge.com/political/

"Jeremiah Babe, 9/20/23"

Jeremiah Babe, 9/20/23

"Economy Will Br Crippled In 2024; Broke Americans 

Pulling Money From Their Homes; FED Confusion"

Comments here:

-https://www.youtube.com/

Musical Interlude: The Alan Parsons Project, "Sirius", "Eye In The Sky"

The Alan Parsons Project, "Sirius", "Eye In The Sky"

"A Look to the Heavens"

"Have you ever seen the Pleiades star cluster? Even if you have, you probably have never seen it as large and clear as this. Perhaps the most famous star cluster on the sky, the bright stars of the Pleiades can be seen without binoculars from even the depths of a light-polluted city. With a long exposure from a dark location, though, the dust cloud surrounding the Pleiades star cluster becomes very evident. The featured exposure, taken from Florida, USA, covers a sky area several times the size of the full moon.

Also known as the Seven Sisters and M45, the Pleiades lies about 400 light years away toward the constellation of the Bull (Taurus). A common legend with a modern twist is that one of the brighter stars faded since the cluster was named, leaving only six of the sister stars visible to the unaided eye. The actual number of Pleiades stars visible, however, may be more or less than seven, depending on the darkness of the surrounding sky and the clarity of the observer's eyesight."

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

"A Revision Of Belief..."

“Consider a turkey that is fed every day. Every single feeding will firm up the bird’s belief that it is the general rule of life to be fed every day by friendly members of the human race ‘looking out for its best interests,’ as a politician would say. On the afternoon of the Wednesday before Thanksgiving, something unexpected will happen to the turkey. It will incur a revision of belief.“

- Nassim Taleb

“It ain’t what you don’t know that gets you into trouble.

It’s what you know for sure that just ain’t so.”

- Mark Twain

Gregory Mannarino, PM 9/20/23

"It's a Big Club, and you ain't in it. 

You and I are not in the Big Club."

- George Carlin

o

Gregory Mannarino, PM 9/20/23

"FED Votes 'No Confidence' For The

 US Economy. Stocks Drop!"

- https://traderschoice.net/

Comments here:

- https://www.youtube.com/

"Nine Meals from Anarchy"

"Nine Meals from Anarchy"

by Jeff Thomas

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

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

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

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

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

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

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

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

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

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

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

Along the way, truckers would begin to refuse to enter troubled neighborhoods, and the military might well be brought in to force deliveries to take place. (If truckers could afford $4.54 a gallon diesel fuel.)

So, what would it take for the above to occur? Well, historically, it has always begun with excessive debt. We know that the debt level is now the highest it has ever been in world history. (US debt as of September 2023 $33 trillion; World debt as of September 2023: $307 trillion.) In addition, the stock and bond markets are in bubbles of historic proportions. They will most certainly pop.

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

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

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

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

- https://internationalman.com/

○

We'll find out, very soon... God help us.

"When People Can’t Take Care Of Themselves They Start To Go Nuts"

Full screen recommended.

Epic Economist, 9/20/23

"When People Can’t Take Care Of 

Themselves They Start To Go Nuts"

"In 2023, we witnessed the largest drop in the average household income since 2010. At the same time, the child poverty rate in America has risen by more than 100%, while a devastating homelessness crisis continues to spread across the country, and official numbers show that the number of unhoused Americans is rising at the fastest pace on record.

According to Bloomberg estimates, at least 8 million Americans have fallen out of the middle-class in the past few years, and now we’re hearing more and more news about families that used to live comfortably just a few months ago, but now they’re relying on food banks to have enough to eat and feed their kids.

The government continues to deny that this is a serious economic crisis. None of their measures can actually solve any of our problems. No wonder why new research has found that trust in our major institutions is at an all-time low. A growing share of Americans is realizing that the people in power are not really interested in making our country any better.

Americans are losing hope and motivation, and when they realize that they simply cannot take care of themselves and that no one is going to help them, many people will start to go completely nuts. Without a doubt, the economic desperation our citizens are facing is one of the main factors fueling the massive crime wave our country has been experiencing.

A major example of that is the astronomical rise in the number of carjacking cases since 2018. In the U.S. capital, such offenses have tripled over the past five years, according to official statistics released by the MPD. Nationwide, car theft is dominating the headlines in America. A CCJ study found that the number of car thefts in the first six months of the year was 104.3% higher than the same period in 2019. Of the 32 cities that the CCJ tracked, seven of them saw rates shoot up by 100% or more compared to the same time last year. Rochester, New York, saw the largest increase in vehicle thefts, with a spike of 355%.

The lawlessness in our major cities is spreading so fast that many companies are having to do the unthinkable. For instance, Aldi has started to make theft checks a routine part of the checkout process as shoplifting rates continue to shoot up at stores. In New York, shoplifters are running so wild that grocers are having to lock the lids of high-end ice cream to prevent people from emptying them out and filling them with garbage.

It was the government that led us to this mess, and now we’re suffering the consequences because consumer prices are not going down any time soon. Unfortunately, this is just the beginning. The cost of living crisis will continue to accelerate in the months ahead, and that means that the level of desperation will continue to increase.

Many numbers, stats, and indicators are signaling that we’re in the very early stages of a major economic meltdown. And as our nation crumbles all around us, millions of citizens are going to become very desperate, and very desperate people do very desperate things."

Comments here:

- https://www.youtube.com/

The Daily "Near You?"

Cripple Creek, Colorado, USA. Thanks for stopping by!

"As Americans..."

''As Americans, we must ask ourselves: Are we really so different? Must we stereotype those who disagree with us? Do we truly believe that ALL red-state residents are ignorant racist fascist knuckle-dragging NASCAR-obsessed cousin-marrying roadkill-eating tobacco juice-dribbling gun-fondling religious fanatic rednecks; or that ALL blue-state residents are godless unpatriotic pierced-nose Volvo-driving France-loving left-wing communist latte-sucking tofu-chomping holistic-wacko neurotic vegan weenie perverts?''

- Dave Barry

Judge Napolitano, "How NATO Caused the Ukraine War w/Scott Ritter"

Full screen recommended.

Judge Napolitano - Judging Freedom, 9/20/23

"How NATO Caused the Ukraine War w/Scott Ritter"

Comments here:

- https://www.youtube.com/

"We Like To Think..."

“We like to think that we are rational beings; humane, conscientious, civilized, thoughtful. But when things fall apart, even just a little, it becomes clear we are not better than animals. We have opposable thumbs, we think, we walk erect, we speak, we dream, but deep down we are still routing around in the primordial ooze; biting, clawing, scratching out an existence in the cold, dark world like the rest of the tree-toads and sloths.”

- “Grey’s Anatomy”