Monday, June 24, 2024

Jim Kunstler, "Here It Comes"

"Here It Comes"
by Jim Kunstler

“Leftism might actually be noble if their concern for the marginalized wasn’t
simply an incidental externality to their seething hatred of the normal and the good.”
- David Pivtorak on “X”

"Did you entertain feelings of doom during last week’s brain-withering heat-wave? The sheer anxious waiting and wishing for it to end was a nice analog to the stifling psycho-political miasma oppressing this nation - alternately known as the republic (for which we stand) and “our democracy,” as “Joe Biden” likes to style his regime of lawfare, warfare, and garish state-sponsored depravity. Well, rejoice and ring them bells! The political weather is breaking. The week ahead looks like an all-you-can-eat, steam-table banquet of consequence.

The Supreme Court (SCOTUS) teased last week with an opening round of lesser decisions on bump stocks for rifles, abortion pills for women inconvenienced by motherhood, and a few other interesting cases. The court’s term draws to a close with the end of June. Pending are several cases liable to rattle the windows and shake down the walls.

One is the question as to whether the government can use private company proxies to censor constitutionally protected free speech (Murthy v. Missouri). The case has been simmering for years, with lower court actions that took a dim view of the intel blob’s coercive intrusions into social media. Probably the most galling part of the story is that virtually every act of censorship and de-platforming was committed against those telling the truth about some vital public issue, whether it was the danger and ineffectiveness of the Covid vaccines, or the probity of the 2020 elections, or the existence of Hunter Biden’s laptop and its dastardly contents. That is, the government’s actions were entirely in the service of lying to the American people.

This raises a greater question that redounds from the courts onto the November election: just why is the US government so deeply invested in all that lying? The answer is obvious: it has been engaged in nefarious activities that it seeks to hide and deny. And all of that has served to wreck the country. Even worse, the government has gaslit half of the public into cheerleading and rolling over for all that dishonesty, so as to keep them “safe” from hobgoblins such as “misinformation.” Considering “Joe Biden’s” cratering poll numbers, it looks like the public is tired of this incessant lying and is fixing to vote his regime out of office.

We begin to see evidence that even some hardcore regime hacks are breaking out of that consensus trance, for instance, the Cuomo brothers denouncing the lies around lawfare and Covid. Andrew, once the New York state AG himself, told the shocked studio audience on Bill Maher’s HBO gabfest, beloved by Wokesters, that the Alvin Bragg case never should have been brought to trial. His brother Chris has been telling his podcast followers that Covid policy was a fiasco and the vaccines were harmful, and he apologized for his prior shifty reporting on all that when he had a CNN show.

Also upcoming at SCOTUS: Fischer v the United States, as to whether the DOJ tortured a federal statute on shredding financial records to overcharge J-6 rioters. In 2015 the court limited the scope of that law (part of the 2002 Sarbannes-Oxley Act), but Attorney General Merrick Garland used it anyway as an all-purpose dragnet to prosecute hundreds of people who merely paraded through the US Capitol - which provided legal footing for the House J-6 committee to color that event dishonestly as “an insurrection.” A decision against the government should lead to the release of many J-6 prisoners and perhaps lawsuits for malicious prosecution under the Federal Tort Claims Act (FTCA). It would also toss out the pertinent charges in Special Counsel Jack Smith’s DC case against Donald Trump for supposedly fomenting an “insurrection.”

Another biggie case pending (Loper Bright Enterprises v. Raimondo; Relentless v. Department of Commerce) will determine whether executive agencies of the US Government (e.g., the EPA, CDC, Depts. of Energy, Education, Commerce, etc.) can issue regulations as if they have the force of law - that is, push citizens and businesses around by fiat where the law is ambiguous or nonexistent. A lot has changed since SCOTUS initially sought to define the scope of agency authority in their 1984 decision known as Chevron v. Natural Resources Defense Council. The federal bureaucracy has become an unaccountable behemoth, issuing sometimes arbitrary and capricious regulations that make it increasingly difficult to accomplish anything in our country. It has also enabled much of the government’s monkey business around Covid. This court appears to lean towards overturning Chevron.

Also pending this week: whether SCOTUS will stay Steve Bannon’s four-month jail sentence scheduled to begin July 1 while he appeals to the SCOTUS. Bannon was convicted for contempt of Congress when he refused to testify to the J-6 committee, basing his refusal on executive privilege. Note that SCOTUS did not keep White House advisor Peter Navarro out of prison for exactly the same charge. The DOJ must reply to SCOTUS’s request for “input” on the matter by Wednesday June 26th at 4:00 p.m. At issue is whether the government is interfering in the election by shutting up Bannon during the climax months of the campaign.

Today, Judge Aileen Cannon will ask Special Counsel Jack Smith’s lawyers to do some ‘splainin’ about how come he got to be Special Counsel without being nominated by a president or confirmed by the Senate, which is the lawful procedure. It’s therefore possible that Judge Cannon can determine that Mr. Smith is not operating lawfully. That’s not the only thing that can deflate the so-called Mar-a-Lago Documents case, but it could lead to a determination that this was a malicious political prosecution, with consequences for AG Merrick Garland.

By the way, you know what this case is really about, don’t you? I’ll tell you: the FBI went into Mar-a-Lago looking for Mr. Trump’s binder containing evidence of FBI and DOJ misconduct in the RussiaGate caper. Whether they found it or not, we don’t know, nor do we know if there are other copies of the materials. But you might surmise that a lot of officials in those agencies are a little nervous about their criminal liability, especially with the presidential election poll numbers looking how they do. In other words, the Mar-a-Lago raid was a cover-up operation.

And Thursday, of course, comes the debate to end all debates. Makes you cringe a little just to imagine it."

"Economic Market Snapshot 6/24/24"

"Economic Market Snapshot 6/24/24"
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
o
Market Data Center, Live Updates:
Comprehensive, essential truth.
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

'"NATO Will Pay...' Putin Roars As American ATACMS Missiles Kill Russians On Crimea Beach"

Full screen recommended.
Times of India, 6/24/24
'"NATO Will Pay...' Putin Roars As American ATACMS
 Missiles Kill Russians On Crimea Beach"
"The brutal attack in Russia's Crimea has left Vladimir Putin exasperated. The Putin government has issued an ultimatum to NATO as 'U.S. weapon was used in attack.' The Russian Defense Ministry said that NATO will pay for the killing of innocent Russians. In an open threat to NATO, Moscow said such actions won't go unanswered."
Comments here:
o
Full screen recommended.
Judge Napolitano - Judging Freedom, 6/24/24
"Larry Johnson: US Wasting Its Missiles"
Comments here:
o
These continuing attacks by the United States using their Ukranian proxy are Acts Of War, and we're only still alive because of the astonishing restraint of the Russians. American missiles, guided by American satellite tracking guidance, and almost certainly operated by American "contractors". The Russians have warned repeatedly of the consequences, all of which we've ignored. We're begging for an all out pre-emptive nuclear first strike on NATO and the United States, as published Russian nuclear doctrine demands, and we'll get it much sooner than later. Russians never bluff. Enjoy your life my friends, it won't last much longer... - CP

Sunday, June 23, 2024

Canadian Prepper, "Alert! 72 Hour Economic Collapse"

Canadian Prepper, 6/23/24
"Alert! 72 Hour Economic Collapse
When This Happens Market Shutdown, No Elections?"
Comments here:

Jeremiah Babe, "The Vultures Will Pick You Apart"

Jeremiah Babe, 6/23/24
"The Vultures Will Pick You Apart, No Way The 
Financial System Survives; A New System Will Emerge"
Comments here:

"Putin's Devastating Horizontal Escalation; Israel Will Lose If Fights Hezbollah"

Larry C. Johnson, 6/23/24
"Putin's Devastating Horizontal Escalation;
 Israel Will Lose If Fights Hezbollah"
"Larry C. Johnson is a veteran of the CIA and the State Department’s Office of Counter Terrorism. He is the founder and managing partner of BERG Associates, which was established in 1998. Larry provided training to the US Military’s Special Operations community for 24 years. He has been vilified by the right and the left, which means he must be doing something right."
Comments here:

"I Must Not Fear..."

 

Musical Interlude: 2002, "The Dreaming Tree"

Full screen recommended.
2002, "The Dreaming Tree"

"A Look to the Heavens"

"A gorgeous spiral galaxy some 100 million light-years distant, NGC 1309 lies on the banks of the constellation of the River (Eridanus). NGC 1309 spans about 30,000 light-years, making it about one third the size of our larger Milky Way galaxy. Bluish clusters of young stars and dust lanes are seen to trace out NGC 1309's spiral arms as they wind around an older yellowish star population at its core.
Not just another pretty face-on spiral galaxy, observations of NGC 1309's recent supernova and Cepheid variable stars contribute to the calibration of the expansion of the Universe. Still, after you get over this beautiful galaxy's grand design, check out the array of more distant background galaxies also recorded in this sharp, reprocessed, Hubble Space Telescope view.”

"Why Not?"

 

"The Only Thing Necessary for Evil to Triumph Is…"

"The Only Thing Necessary for Evil to Triumph Is…"
by Paul Rosenberg

"I’m betting that most of my readers can complete this phrase. The problem is, it isn’t quite true. Edmund Burke, its supposed source, was a good man, but that doesn’t make the saying true. Here’s the complete passage, in the form most of us know: The only thing necessary for evil to triumph is for good men to do nothing.

Yes, there is a time when good men and women must stand up for what’s right, even when it involves risk, but that moment comes only after evil has already been well established and is powerfully on the move.

Fighting evil may be an essential thing, but it isn’t the first problem - it matters only after thousands or millions of mistakes have already been made. And if those first mistakes had not been made, great fights against evil wouldn’t be necessary.

Where Evil Comes From: Let’s begin with a crucial point: Evil is inherently weak. Here’s why that’s true: Evil does not produce. It must take advantage of healthy and effective life (aka productive men and women) if it’s to succeed. Evil, by its nature, is wasteful and destructive: It requires the production of the good in order to do its deeds.

How much territory could Caesar have conquered on his own? How many people could Joe Stalin have killed with no one to take his orders? How many people could Mao have starved to death without obedient middlemen? With duteous followers, however, evil rulers killed some 260 million people in the 20th century.

The truth is that evil survives by tricking the good into doing its will. Without thousands of basically decent people confused enough to obey, evil would fail quickly. The great tragedy of our era is the extent to which evil has been successful in convincing people to service it. Good people having yielded their wills arm evil, accommodate evil, and acquiesce to its actions. 

Hannah Arendt summarized it this way: "The sad truth is that most evil is done by people who never make up their minds to be good or evil. People end up supporting evil because they don’t want to make up their minds at all. They want to avoid criticism and vulnerability, so they hold to the middle of the pack and avoid all risk. These people wouldn’t initiate murders by themselves, but in the name of duty, loyalty and/or the greater good, they cooperate with evil and give it their strength. Each plays a part, but not so large a part that they’ll have to contemplate its effects."

Sins of Obedience: People think of murder, lying, and robbery as sins, but none of those has nearly the death toll of obedience. Basically decent men and women obey agents of evil for very mundane reasons. The process often goes like this:

Confused and intimidated, they look for what’s being punished and what isn’t. They try not to make waves. They learn that they can avoid making waves best if they adopt the perspectives of their overlords. So they run the overlords’ slogans through their minds as a default program.

In the end, these people don’t make up their minds. Rather, they take on the minds of their overlords and do their will. And so, the vast majority of evil done on Earth traces back to minds and wills that have been abandoned to fear.

So…This is what the famous quote should say: 'The only thing necessary for evil to triumph is for good men to obey.' We should be painting that saying on our walls."
o
Full screen recommended.
"Why Are People So Obedient? 
Compliance and Tyranny"

"The Life You Have Left..."

“The life you have left is a gift. Cherish it.
Enjoy it now, to the fullest. Do what matters, now.”
~ Leo Babauta

"20 Million Americans Stuck In An Endless Credit Crisis That Is Sucking The Life Out Of Them"

Full screen recommended.
Epic Economist, 6/23/24
"20 Million Americans Stuck In An Endless 
Credit Crisis That Is Sucking The Life Out Of Them"

"17 trillion dollars. This is the size of the debt load of U.S. households in 2024. As a society, we're in the midst of the greatest debt bubble in history, and it's getting bigger and bigger with each passing month. We have witnessed previous generations achieving their financial goals much earlier in life. Back then, the economy was quite different, and their standard of living was far higher than ours. Now, just in order to make ends meet Americans have been borrowing and spending like never before. But it seems that a day of reckoning is fast approaching.

Fresh numbers released by the New York Fed revealed that in the last quarter alone, household debt increased by a whopping 184 billion dollars, led by the jump in mortgage balances as interest rates continue to soar.

If we were able to manage this enormous debt, there wouldn't be much cause for alarm. But new data shows that we can not, and now a massive wave of delinquencies is expected to emerge. In fact, the proportion of credit card balances in serious delinquency has climbed to the highest point since the aftermath of the Great Recession.

With Americans battling with high inflation and interest rates, a growing number of cardholders are falling behind on their monthly credit card payments right now. At this point, the number of people who can't afford to pay their credit card balances in full every month has already surpassed pre-pandemic levels, and the flow of credit card debt moving into delinquency hit 8.9% in the last quarter at an annualized rate, compared with an 8.5% rate the previous quarter and 5.87% at the end of 2023."
Comments here:

The Daily "Near You?"

Wake Forest, North Carolina, USA. Thanks for stopping by!

"2023: The Year Humanity Died"

"2023: The Year Humanity Died"
By Seraj Assi

"As a Palestinian who was born two generations apart from the Nakba, I have never imagined that one day I would witness the genocide of my people unfold before my eyes in broad daylight. While I always feared the prospect of a Second Nakba, as many Palestinians do, I have never dreamed, not even in my worst nightmares, that I would live it, witness it, and write about it.

In my happy Palestinian innocence, I believed that even if Israel was keen on repeating the Nakba, or attempting to “finish the job of 1948,” as many Israeli officials have threatened over the years, the Free World would not allow it to happen. In my wishful thinking, I believed that the world had learned its lesson since the Nakba. Yes, the world failed the Palestinian people in 1948. Yes, it allowed Israel to carry out its ethnic cleansing and mass expulsion of Palestinians. Yes, it abandoned the Palestinian refugees, and rewarded Israel with a United Nations recognition and membership. But that was 75 years ago, the age of genocides and holocausts. A lot of progress had been made since, I told myself. The Universal Declaration of Human Rights was adopted. The U.N. evolved. Human rights groups mushroomed. Mandela won the Nobel Peace. True, genocide would occur so often and so uncontested in the decades since, but after the horrific genocides in Rwanda and Bosnia, the leaders of the Free World seemed to have had enough! They seemed adamant not to allow another genocide to happen - Never Again! Not in Palestine, not again!

Summit after summit, they vowed that such atrocities had no place in the new century. Even when the new century in Palestine ushered in the Second Intifada and the collapse of the Oslo Accords, I still believed that the horrors of the past were in check. Even when Israel mushroomed in size, and the settlements tripled, and the apartheid system was closing in on the Palestinians in the West Bank, and the merciless siege suffocating those in Gaza, where one million children were born and raised in captivity, I still believed that that was the peak of our suffering and nothing remotely close the terrors of Rwanda or Bosnia, or indeed the First Nakba, would happen to us, because the world was watching, and it was ready to dispatch its postwar moral arsenal to stop it!

As a Palestinian, as a human being, I feel that part of me has died in this war.

I was dead wrong. For four bloody months since the Gaza Genocide first unfolded, the Free World has sat there watching, and cheering, and mocking us to death. During the first weeks, I still held onto my naïve optimism. True, the Free World betrayed Palestinians in Gaza; it allowed Israel to act with impunity; it tolerated its war crimes and mass atrocities; it denied the children of Gaza even the pretense of humanity. But ultimately it was bound to come to its senses and unleash its moral diplomacy to end this horror. So I persisted in my optimism. Perhaps the world needed more time to fathom what was happening. Perhaps it was waiting for a few more thousands of Palestinians to be killed before making its drastic move. Yet week after week, the world remained silent, blind to our deaths, deaf to our sufferings.

One month into the bloodshed, after Israel had killed 1,000 children, I said that’s it; the world would make its move now, if only to save the children! But the U.S. responded by vetoing a humanitarian cease-fire that could have saved thousands of innocent lives! A month after, when the death toll of children reached 10,000, I said enough is enough; it’s high time the world acted NOW, because humanity itself is at stake! U.N. officials had already sounded the alarm that Gaza was becoming a “graveyard for children,” so no one could pretend they did not know. The time to act was now or never! Yet there was another U.S. veto; another cold hand was raised to issue a new death sentence for Palestinians. Another spit in the face of humanity!

Now I’m lost for words. I have lost faith in humanity. The staggering death toll in Gaza is humanly impossible to fathom or accept without losing our sense of shared humanity. As a Palestinian, as a human being, I feel that part of me has died in this war. I know for certain that I will not emerge from this tragedy the same person I was before. None of us will.

Gaza may be annihilated, but it’s not going anywhere. When the dust of war settles, it will sit on our global conscience for generations to come. It will be a permanent stain on our humanity. The children of Gaza will not forget, if they survive. The living will remember, and the dead will haunt us forever. Gaza will be remembered not only as the crime of the century, but also as the site of our greatest shame, where humanity failed. 2023 will go down in history as the darkest in Palestine - the year humanity died."
o
Palestinians transport the bodies of loved ones killed during Israeli 
bombardment for burial in Tuffah neighborhood in Gaza City on June 22, 2024.

June 22, 2024: Now 37,551 innocent men, old people, women and 16,000 children killed, 85,911 wounded, and another 8,000 missing and buried under the rubble by US supplied 2,000 lb bombs, which WE to our eternal shame and disgrace allow and support! And, except for the Houthis and Hezbollah, the world sits silently watching this horror and does nothing! Shakespeare wrote, "Hell is empty and all the devils are here." Sartre said, "This is Hell, cleverly disguised just enough to keep us from escaping." I believe them... - CP

"This Is Really Starting To Look A Lot Like Ancient Rome"

"This Is Really Starting To Look 
A Lot Like Ancient Rome"
by Simon Black

"In the late summer of 408 AD, a barbarian army under the command of Alaric, king of the Visigoths, set out on a leisurely march across the Italian countryside towards the city of Rome…so that he could burn it to the ground. Alaric had been promised money by the Roman government in exchange for a military alliance between Rome and the Visigoths; but just before the money was supposed to have been paid, the Romans canceled the deal. Talk about a bonehead move.

Alaric was a decorated warrior at the head of a powerful army. And the Western Roman Empire, by comparison, was barely even functional anymore. The government was bankrupt, the currency was a joke, the economy was in the dumps, the military was weak, the borders were nonexistent…and there was no sense of unity in Roman society.

So it clearly made no sense to turn Alaric into an enemy. But then again, the emperor in the west was a weak, incompetent stooge named Honorius, whose legacy is so horrendous that he consistently ranks among the worst emperors in Roman history. And there’s some pretty stiff competition on that list. Alaric, to his credit, actually tried to avoid conflict with the Romans and work out a resolution. But Honorius refused to negotiate…so Alaric gathered his troops and marched towards Rome.

Now, at that point in history, the city of Rome itself wasn’t even the capital of the western empire anymore; it had been moved to Milan, and then to Ravenna. But Rome was still among the largest and most prominent cities in the world, even in the early fifth century. And Alaric knew that sacking it would send shockwaves across the empire.

Alaric and his barbarian army were practically unopposed on their way to Rome; according to the ancient historian Zosimus, in fact, their march was so leisurely it was as if they were “at some festival” rather than heading to war. They arrived in the fall of 408 AD and encircled the city, cutting it off from any resupply…meaning it would only be a matter of time before residents all starved to death and the Visigoths plundered the city.

The destruction of Rome was an unthinkable cataclysm. And so, with the barbarians literally at the gates, Honorius finally agreed to negotiate a deal. And it was a costly one - many times more expensive than their original agreement. That should have been the end of the story… and yet Honorius found a way to screw it all up again.

Early the following year in 409 AD, Honorius tried to double-cross Alaric by sending troops to ambush the Visigoths. The attack failed, and Alaric was infuriated by this violation of their treaty. Again, to his credit, Alaric tried negotiate a peaceful solution, and he asked for lands, titles, and tribute as compensation. But Honorius-- who at that point was a highly experienced diplomat-- instead sent an insulting letter back to Alaric. Talks quickly broke down, and Alaric turned back towards Rome in late 409.

Once again - and only after the barbarians were at the gate -  the government finally agreed to Alaric’s demands… and the destruction of Rome was narrowly avoided for a second time. Yet then Honorius managed to screw it up for the third time in a row. The following year, in 410 AD, Alaric and Honorius were set to meet near the capital city of Ravenna to discuss peace and cooperation. But Alaric and his men were ambushed just prior to the meeting by Roman troops. He survived. And, completely fed up with Honorius, Alaric took his troops back to Rome for the third (and final) time in two years.

The Visigoths entered the city on August 24, 410 AD through Rome’s Salarian Gate, about 3 kilometers north of the Colosseum. Alaric and his men spent three full days sacking the city. Almost everything of value was stolen or destroyed. Cultural treasures were defaced, monuments were ripped down, buildings were burned to the ground, and the city’s residents were killed or enslaved.

It was difficult to not think of this story when news broke about the debt ceiling ‘resolution’ late last week, because the two situations share many parallels. The sack of Rome in 410 AD was a crisis of their own making. Decades of terrible strategic and financial decisions had reduced Rome to a shell of its former greatness, weakening the western empire considerably. Their enemies noticed.

The United States is in a similar position; decades of terrible decisions have led to a $37.4 trillion national debt that grows by leaps and bounds every single year. Through its completely irresponsible addiction to spending, the government has weakened the country considerably… and America’s adversaries have noticed.

In the early 400s, Rome was led by a complete buffoon who, despite all of his years in government service, engineered a crisis by refusing to negotiate or to take an obvious risk seriously…only to ultimately cave and narrowly avoid an earth-shattering catastrophe.

This is a clear similarity to the debt ceiling fiasco that we see playing out now. The risk was obvious…and yet the guy who shakes hands with thin air refused to negotiate until the last minute, just barely averting disaster. Waiting until the last minute to just barely avoid a major catastrophe is not a viable problem solving strategy. Neither is kicking the can down the road.

Yet every few years the debt ceiling becomes a major crisis. They consistently wait until the last minute, hastily negotiate a short-term patch, and kick the can down the road for another few years while they take the country even deeper into debt, until the whole cycle begins anew.

The Romans tried to do the same thing with the Visigoths: negotiate a terrible, last minute solution. Make the problem worse. Repeat. This approach didn’t work in the early 400s, and it won’t work today. As the sack of Rome demonstrated, when you’re constantly taking things to the brink of disaster, eventually someone is going to go too far.

A worldwide financial meltdown triggered by the United States defaulting on its debt was very narrowly avoided. This time. Who’s to say that when this comes up again in 2025 that some idiot politician won’t take things too far? The really ridiculous thing about the debt ceiling crisis was that it shows the inability of the US government to negotiate responsibly…with itself! This was literally a case of American politicians trying to resolve their differences with other American politicians. How is this going to work out when the people on the other side of the table aren’t from another US political party…but from the Chinese Communist Party?

It’s worth thinking about given how the specter of conflict continues rising; just over the weekend, a Chinese naval vessel intentionally maneuvered to within 150 meters of US and Canadian ships in the Taiwan Strait. And this was just one of many obvious escalations in recent months.

The last point worth mentioning is that the sack of Rome illustrates how dangerous complacency can be. When Alaric showed up in 408 AD for the first time, the city’s destruction was avoided. When he showed up the second time in 409 AD, the city’s destruction was avoided again. So you can probably imagine that when Alaric and his barbarian army were on the way to Rome for the third time in 410 AD, the city’s residents probably felt confident that their leaders would once again figure out a last minute solution. That misplaced confidence in their incompetent leaders cost Romans dearly."

"The Only Consequence..."

"What we think, or what we know, or what we believe is, in the end,
of little consequence. The only consequence is what we do."
- John Ruskin

Greg Hunter, "No Way Financial System Survives"

"No Way Financial System Survives"
by Greg Hunter’s USAWatchdog.com

"Financial writer and precious metals broker Bill Holter has been documenting all the unpayable debt that has been building up in the financial system like cancer. The latest black hole of default is coming from a big bank in Japan. Norinchukin Bank is selling $63 billion in Treasuries and other sovereign bonds to stay afloat. Then there is recent news announced by the FDIC that 63 US banks (the names are being kept secret) have more than $500 billion in losses, and let’s not forget about the trillions in losses sitting on the books of European banks ready to suck the world into a black debt hole. This is just a few of many on a long list of destabilizing problems that can tank the entire over-indebted financial system. 

Holter warns, “The list is so long, it could be a banking problem. It could be a derivatives problem. It could be a derivatives problem in the stock market, the bond market and you could see a failure to deliver in silver. Some type of warfare could crash the system. You could see warfare in Ukraine, Israel or Tiawan. The system is so unstable, at this point, it could be anything that could bring it down. Unpayable debt is not just a US problem. This is all over the world. Central banks are having to issue huge amounts of debt because we are in the exponential decay phase. We are exactly where Richard Russell said we would be 20 years ago. It’s inflate or die, and the only way to inflate is to create more money supply.”

Add to that the $10 trillion in debt the US Government has to roll over by the end of the year. Meanwhile, the US government piles on $1 trillion in new debt every 100 days. What could go wrong?

Holter said the last time he was on USAW that there was a little less than a 50% chance we would even have an election. Now, he predicts it is more likely there will be no 2024 Presidential Election. Holter says, “There is no way the system, as it is now, survives. It’s mathematically impossible. So, if it is mathematically impossible, are they going to blow smoke up until the day it blows up? Or are they going to do something to blow it up and then say our programs and policies were working except for XYZ this or whatever. They have to kick the table over. They cannot allow the table to fall over on its own because then there is going to be finger pointing. To avoid the finger pointing, they have got to kick the table over.”

Holter also thinks gold is going to exponential numbers to back all the debt the USA has. If you go with the 8,030 tons of gold the government claims is in Fort Knox, you will need a dollar price of gold at “$125,000 per ounce for 100% gold backing of the dollar.”

Holter also says, “The dollar is being pushed out of the global financial system. Demand for dollars is shrinking at a time when borrowing demand is rising.” This is a going to be a disaster for America and anyone holding dollars in the future.

In closing, Holter says, “The financial collapse that is coming will be worse than anything we have ever experienced. This is going to be far worse than the Great Depression simply because society itself is far worse. Back in the Great Depression, you had neighbors helping neighbors. Today you will have neighbors picking on other neighbors like vultures.” There is much more in the 51-minute interview.

Join Greg Hunter on Rumble as he goes One-on-One 
with financial writer and precious metals expert Bill Holter:

"The Very Idea..."

"In the last few years, the very idea of telling the truth, the whole truth,
and nothing but the truth is dredged up only as a final resort when the
alternative options of deception, threat and bribery have all been exhausted."
- Michael Musto

"Oh How It Really Is"

 

"Cosmic Consolation for Human Hardship: The Great Naturalist John Burroughs on How to Live with Life"

"Cosmic Consolation for Human Hardship: 
The Great Naturalist John Burroughs on How to Live with Life"
by Maria Popova

"In those seasons of being when life boughs you down low with world-weariness, when the sun of your soul is collapsing into a black hole, when you despair of humanity’s twin capacity for inhumanity and are no longer able to hold without heartache Maya Angelou’s eternal observation that we are creatures “whose hands can strike with such abandon that in a twinkling, life is sapped from the living yet those same hands can touch with such healing, irresistible tenderness” - in those seasons of being, there is great solace in remembering that what we call human nature, with all of its terrors and transcendences and violent contradictions, is a humble subset of nature itself: In nature, where stars are always being born and die and give us life, creation and destruction are always syncopating; in nature, the seasons are always changing; in nature, every loss reveals what we are made of, and that is a beautiful thing.

There is great comfort and calibration in trusting, not with the faith of the pious but with the faith of the naturalist, that even the bleakest seasons pass, and even the most violent forces are counterbalanced by the forces of vitality - cosmic calculus of which the very existence of life is living proof. Such awareness is not a negation of the need for morality, of our moral calling as human beings to right the forces that violate life, but an affirmation of it - for morality would not exist if suffering did not exist.

We are human because we are sensitive to both, susceptible to both, moved by both. That is what the great naturalist and prose-poet of nature John Burroughs (April 3, 1837–March 29, 1921) explores in an exquisite 1904 essay reflection titled “An Outlook upon Life,” included a century later in The Art of Seeing Things: Essays by John Burroughs (public library). In the closest Burroughs came to formulating a personal philosophy, distilling his vast view of life into a kind of credo worth borrowing, he writes: "I was born under happy stars, with a keen sense of wonder, which has never left me… and with no exaggerated notion of my own deserts. I have shared the common lot, and have found it good enough for me."

Echoing Whitman - who owes his cultural reverence to Burroughs and who, in the wake of his paralytic stroke, considered what makes life worth living and counseled to “tone your wants and tastes low down enough, and make much of negatives, and of mere daylight and the skies”  Burroughs adds: "Unlucky is the man who is born with great expectations, and who finds nothing in life quite up to the mark. One of the best things a man can bring into the world with him is a natural humility of spirit. About the next best thing he can bring, and they usually go together, is an appreciative spirit - a loving and susceptible heart.

A century and an epoch of discoveries before physicist Freeman Dyson observed that “our universe is the most interesting of all possible universes, and our fate as human beings is to make it so,” Burroughs exclaims that this world is “a mighty interesting place to live in” and invites the reader into the cosmic reverie that seems to have been the all-suffusing atmosphere of his own life: "If I had my life to live over again, and had my choice of celestial bodies, I am sure I should take this planet, and iI should choose these men and women for my friends and companions. This great rolling sphere with its sky, its stars, its sunrises and sunsets, and with its outlook into infinity - what could be more desirable? What more satisfying? Garlanded by the seasons, embosomed in sidereal influences, thrilling with continents - one might ransack the heaves in vain for a better or more picturesque abode."

Half a century before the Nobel-winning founding father of quantum mechanics Erwin Schrödinger’s dazzling illumination of consciousness as a function of the universe, Burroughs adds: "We may fancy that there might be a better universe, but we cannot conceive of a better, because our minds are the outcome of things as they are, and all our ideas of value are based upon the lessons we learn in this world."

More than the unsurpassable beauty of the planet, however, Burroughs celebrates the sheer sense of belonging to a world - to a totality of being across species and landscapes, a totality the German marine biologist Ernst Haeckel had given the name ecology when Burroughs was just beginning his literary life while working as a treasury clerk. He exults: "O to share the great, sunny, joyous life of the earth! to be as happy as the birds are! as contented as the cattle on the hills! as the leaves of the trees that dance and rustle in the wind! as the waters that murmur and sparkle to the sea! To be able to see that the sin and sorrow and suffering of the world are a necessary part of the natural course of things, a phase of the law of growth and development that runs through the universe, bitter in its personal application, but illuminating when we look upon life as a whole!"

A generation after the grief-savaged Darwin solaced his personal loss in the scientific knowledge that the death of the individual is what propels the evolution of the species, and an epoch before science equipped us its cosmic consolation of what happens when we die, Burroughs adds: "Without death and decay, how could life go on? Without what we call sin (which is another name for imperfection) and the struggle consequent upon it, how could our development proceed?

Look at the grass, the flowers, the sweet serenity and repose of the fields - at what price it has all been bought, of what warring of the elements, of what overturnings and pulverizings and shiftings of land and sea… We deplore the waste and suffering, but these things never can be eliminated from the process of evolution. As individuals we can mitigate them; as races and nations we have to endure them… and the evolution of life on the globe, including the life of man, has gone on and still goes on, because, in the conflict of forces, the influences that favored life and forwarded it have in the end triumphed."

In a lovely antidote to human exceptionalism, Burroughs celebrates our shared inheritance with the rest of life, itself exceptional - a bright gift of chance against the staggering cosmic odds of nonexistence: "Our good fortune is not that there are or may be special providences and dispensations, as our [ancestors] believed, by which we may escape this or that evil, but our good fortune is that we have our part and lot in the total scheme of things, that we share in the slow optimistic tendency of the universe, that we have life and health and wholeness on the same terms as the trees, the flowers, the grass, the animals have, and pay the same price for our well-being, in struggle and effort, that they pay. That is our good fortune. There is nothing accidental or exceptional about it. It is not by the favor or disfavor of some of some god that things go well or ill with us, but it is by the authority of the whole universe, by the consent and cooperation of every force above us and beneath us. If we or our fortunes go down prematurely beneath the currents, it is because the currents are vital, and do never and can never cease nor turn aside."

Rachel Carson - the twentieth century’s great prose-poet of nature, recipient of the John Burroughs Medal, the Nobel of nature writing - would echo this sentiment in her sublime meditation on the ocean and the meaning of life; James Baldwin - the twentieth century’s great prose-poet of human nature - would echo it in his classic insistence that we must “say Yes to life and embrace it whenever it is found” because “the earth is always shifting, the light is always changing, [and] the sea does not cease to grind down rock.” A century before Maya Angelou serenaded our shared destiny on this “lonely planet” adrift “past aloof stars, across the way of indifferent suns,” Burroughs adds:

"Nature is as regardless of a planet or a sun as of a bubble upon the river, has one no more at heart than the other. How many suns have gone out? How many planets have perished?… She has infinite worlds left, and out of old she makes new… Nature wins in every game because she bets on both sides. If her suns or systems fail, it is, after all, her laws that succeed. A burnt-out sun vindicates the constancy of her forces… In an orchard of apple trees some of the fruit is wormy, some scabbed, some dwarfed, from one cause or another; but Nature approves of the worm, and of the fungus that makes the scab, and of the aphid that makes the dwarf, just as sincerely as she approves of the perfect fruit. She holds the stakes of both sides; she wins, whoever loses… Peace, satisfaction, true repose, come only through effort, and then not for long."

With this, Burroughs returns to the animating question of his reflection - what, amid the universe’s ceaseless dance of dissolution, makes human life worth living and what, amid nature’s indifference to our notions of good and evil, backbones a good life: "To have a mind eager to know the great truths and broad enough to take them in, and not get lost in the maze of apparent contradictions, is undoubtedly the highest good."

Complement with Marcus Aurelius on the good luck of your bad luck and Simone Weil on how to make use of our suffering, then revisit Mary Shelley - envisioning a twenty-first-century world savaged by a deadly pandemic, from a nineteenth-century world savaged by the decade-long Napoleonic Wars - on nature’s consolations and what makes life worth living. "

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