Monday, August 12, 2024

"Economic Market Snapshot 8/12/24"

"Economic Market Snapshot 8/12/24"
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
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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

Sunday, August 11, 2024

"This Is What The Final Stages Of A Bubble Economy Look Like Just Before A Collapse Happens"

Full screen recommended.
Epic Economist, 8/11/24
"This Is What The Final Stages Of A Bubble Economy 
Look Like Just Before A Collapse Happens"
"How does it feel to be living on the edge of a bubble just before it bursts? Ever since the days of the Great Recession, our leaders have been going to extremes that we have never seen before as they attempt to keep our failing economy propped up. The Federal Reserve has created trillions upon trillions of dollars out of thin air and pumped it into the financial system. Our politicians in Washington have been on the greatest debt bubble in the history of the world, and as a result our national debt has soared to truly horrifying levels. Our national debt reached 35 trillion dollars, and it is growing “more quickly than many economists had predicted."
Comments here:

Jeremiah Babe, "Watch Out - An Economic Depression Is Forming, America Can't Stop Spending"

Jeremiah Babe, 8/11/24
"Watch Out - An Economic Depression Is Forming, 
America Can't Stop Spending"
Comments here:

"In The Long Run..."

“In the long run my observations have convinced me that some men, reasoning preposterously, first establish some conclusion in their minds which, either because of its being their own or because of their having received it from some person who has their entire confidence, impresses them so deeply that one finds it impossible ever to get it out of their heads. Such arguments in support of their fixed idea… gain their instant acceptance and applause. On the other hand whatever is brought forward against it, however ingenious and conclusive, they receive with disdain or with hot rage – if indeed it does not make them ill. Beside themselves with passion, some of them would not be backward even about scheming to suppress and silence their adversaries. I have had some experience of this myself. No good can come of dealing with such people, especially to the extent that their company may be not only unpleasant but dangerous.”
- Galileo Galilei,
“Dialogue Concerning the Two Chief World Systems,” (1632)

Musical Interlude: 2002, "Inner Light"

Full screen recommended.
2002, "Inner Light"
"This song is from our album, "The Emerald Way". The Emerald Way refers to that moment in life when a pivotal choice must be made – to choose the way that is customary and expected of us – or to head down the overgrown hidden path leading to the unknown." 

"A Look to the Heavens"

The Crab Nebula from Visible to X-Ray
Image Credit: NASAESAASIHubbleChandraIXPE

"Explanation: What powers the Crab Nebula? A city-sized magnetized neutron star spinning around 30 times a second. Known as the Crab Pulsar, it is the bright spot in the center of the gaseous swirl at the nebula's core. About 10 light-years across, the spectacular picture of the Crab Nebula (M1) frames a swirling central disk and complex filaments of surrounding and expanding glowing gas. The picture combines visible light from the Hubble Space Telescope in red and blue with X-ray light from the Chandra X-ray Observatory shown in white, and diffuse X-ray emission detected by Imaging X-ray Polarimetry Explorer (IXPE) in diffuse purple. The central pulsar powers the Crab Nebula's emission and expansion by slightly slowing its spin rate, which drives out a wind of energetic electrons. The featured image released today, the 25th Anniversary of the launch of NASA's flagship-class X-ray Observatory: Chandra."
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Full screen recommended.
2002, "1054 A.D."
"This song and video by 2002 depict the great supernova of July 4, 1054 A.D., the remnants of which became the famous Crab Nebula. What must the civilizations of that time thought and felt when they saw this great star suddenly appear in the sky, visible even in broad daylight for 23 days?"
Comments here:

Chet Raymo, “Into The Night”

“Into The Night”
by Chet Raymo

“I first became intimate with the night sky on the sleeping porch of my grandmother’s house on Ninth Street in Chattanooga, Tennessee, during the early 1940s. A screened sleeping porch might be found attached to any southern home of a certain vintage and substance, usually on the second story at the back. On sultry summer nights you could move a cot or daybed onto the porch and take advantage of whatever breezes stirred the air. I slept there when I visited because it was the only place to find a spare bed. I was usually alone in that big spooky space, with only a thin wire mesh separating me from the many mysteries of the night.

Far off in the house I could hear the muffled voice of the big Stromberg-Carlson radio in the parlor, where grown-ups listened to news of the war or the boogie-woogie tunes of the Hit Parade. Outside was another kind of music, nearer, louder, pressing against the screen, which seemed to come from everywhere and nowhere, a million scratchy fiddles, out-of-key woodwinds, discordant timpani. These were the cicadas, crickets and tree frogs of the southern summer night, but to me at that time they were the sounds of the night itself, as if darkness had an audible element.

Some nights the distant horizon would be lit with a silent, winking illumination called “heat lightnin’.” And closer, against the dark grass of the badminton court, the scintillations of fireflies- “lightnin’ bugs”- splashed into brightness.

The constellations of fireflies were answered in the sky by stars, which on those evenings when the city’s lights were blacked out for air-raid drills, multiplied alarmingly. I would lie in my cot, eyes glued to the spangled darkness, waiting to hear the drone of enemy aircraft or see the flash of ack-ack. No aircraft appeared, no ack-ack tracers pierced the night, but soon the stars took on their own fierce reality, like vast squadrons of alien rocket ships moving against the inky dark of Flash Gordon space.

In time I came to recognize patterns, although I did not yet know their names: the Scorpion creeping westward, dragging its stinger along the horizon; the teapot of Sagittarius afloat in the white river of the Milky Way; Vega at the zenith; the kite of Cygnus. As the hours passed, the Big Dipper clocked around the Pole. And sometimes, in late summer, I would wake in the predawn hour to find Orion sneaking into the eastern sky, pursuing the teacup of the Pleiades.

One memorable Christmas of my childhood, my father received a star book as a gift: “A Primer for Star-Gazers” by Henry Neely. As he used the book to learn the stars and constellations, he included me in his activities. The book was Santa’s gift to him. The night sky was his gift to me.

That book, now long out of print, is still in my possession. A glance takes me back half a century to evenings on the badminton court in the back yard of our own new home in the Chattanooga suburbs, gazing upwards with my father to a drapery of brilliant stars flung across the gap between tall dark pines. He told me stories of the constellations as he learned them. Of Orion and the Scorpion. Of the lovers Andromeda and Perseus, and the monster Cetus. Of the wood nymph Callisto and her son Arcas, placed by Zeus in the heavens as the Big and Little Bears. No child ever had a better storybook than the ever-changing page of night above our badminton court. My father also taught me the names of stars: Sirius, Arcturus, Polaris, Betelgeuse, and other, stranger names, Zubenelgenubi and Zubeneschamali, the claws of the Scorpion. The words on his tongue were like incantations that opened the enchanted cave of night.

He was a man of insatiable curiosity. His stories of the stars were more than “connect the dots.” He wove into his lessons what he knew of history, science, poetry and myth. And, of course, religion. For my father, the stars were infused with unfathomable mystery, their contemplation a sort of prayer.

That Christmas book of long ago was a satisfactory guide to star lore, but as I look at it today I see that it conveyed little of the intimacy I felt as I stood with my father under the bright canopy of stars. Nor do any of the other more recent star guides that I have seen quite capture the feeling I had as a child of standing at the door of an enchanted universe, speaking incantations. What made the childhood experience so memorable was a total immersion in the mystery of the night- the singing of cicadas, the whisper of the wind in the pines, and, of course, my father’s storehouse of knowledge with which he embellished the stars. He taught me what to see; he also taught me what to imagine.”

The Poet: David Whyte, "Sweet Darkness"

"Sweet Darkness"

"When your eyes are tired the world is tired also.
When your vision has gone no part of the world can find you.
Time to go into the dark where the night has eyes
to recognize its own.
There you can be sure you are not beyond love.
The dark will be your womb tonight.
The night will give you a horizon further than you can see.

You must learn one thing: the world was made to be free in.
Give up all the other worlds except the one to which you belong.
Sometimes it takes darkness and the sweet confinement of your aloneness
to learn anything or anyone that does not bring you alive is too small for you."

- David Whyte,
"House of Belonging"

"We Do Choose..."

"All men and women are born, live suffer and die; what distinguishes us one from another is our dreams, whether they be dreams about worldly or unworldly things, and what we do to make them come about... We do not choose to be born. We do not choose our parents. We do not choose our historical epoch, the country of our birth, or the immediate circumstances of our upbringing. We do not, most of us, choose to die; nor do we choose the time and conditions of our death. But within this realm of choicelessness, we do choose how we live."
- Joseph Epstein

“Thucydides in the Underworld”

“Master, what gnaws at them so hideously 
their lamentation stuns the very air?” 
“They have no hope of death,” he answered me…” 
- Dante Alighieri, “The Inferno”


by J. R. Nyquist

“The shade of Thucydides, formerly an Athenian general and historian, languished in Hades for 24 centuries; and having intercourse with other spirits, was perturbed by an influx into the underworld of self-described historians professing to admire his History of the Peloponnesian War. They burdened him with their writings, priding themselves on the imitation of his method, tracing the various patterns of human nature in politics and war. He was, they said, the greatest historian; and his approval of their works held the promise that their purgatory was no prologue to oblivion.

As the centuries rolled on, the flow of historians into Hades became a torrent. The later historians were no longer imitators, but most were admirers. It seemed to Thucydides that these were a miserable crowd, unable to discern between the significant and the trivial, being obsessed with tedious doctrines. Unembarrassed by their inward poverty, they ascribed an opposite meaning to things: thinking themselves more “evolved” than the spirits of antiquity. Some even imagined that the universe was creating God. They supposed that the “most evolved” among men would assume God’s office; and further, that they themselves were among the “most evolved.”

Thucydides longed for the peace of his grave, which posthumous fame had deprived him. As with many souls at rest, he took no further interest in history. He had passed through existence and was done. He had seen everything. What was bound to follow, he knew, would be more of the same; but after more than 23 centuries of growing enthusiasm for his work, there occurred a sudden falling off. Of the newly deceased, fewer broke in upon him. Quite clearly, something had happened. He began to realize that the character of man had changed because of the rottenness of modern ideas. Among the worst of these, for Thucydides, was that barbarians and civilized peoples were considered equal; that art could transmit sacrilege; that paper could be money; that sexual and cultural differences were of no account; that meanness was rated noble, and nobility mean.

Awakened from the sleep of death, Thucydides remembered what he had written about his own time. The watchwords then, as now, were “revolution” and “democracy.” There had been upheaval on all sides. “As the result of these revolutions,” he had written, “there was a general deterioration of character throughout the Greek world. The simple way of looking at things, which is so much the mark of a noble nature, was regarded as a ridiculous quality and soon ceased to exist. Society had become divided into two ideologically hostile camps, and each side viewed the other with suspicion.”

Thucydides saw that democracy, once again, imagined itself victorious. Once again traditions were questioned as men became enamored of their own prowess. It was no wonder they were deluded. They landed men on the moon. They had harnessed the power of the atom. It was no wonder that the arrogance of man had grown so monstrous, that expectations of the future were so unrealistic. Deluded by recent successes, they could not see that dangers were multiplying in plain view. Men built new engines of war, capable of wiping out entire cities, but few took this danger seriously. Why were men so determined to build such weapons? The leading country, of course, was willing to put its weapons aside. Other countries pretended to put their weapons aside. Still others said they weren’t building weapons at all, even though they were.

Would the new engines of destruction be used? Would cities and nations be wiped off the face of the earth? Thucydides knew the answer. In his own day, during an interval of unstable peace, the Athenians had exterminated the male population of the island of Melos. Before doing this the Athenian commanders had came to Melos and said, “We on our side will use no fine phrases saying, for example, that we have a right to our empire because we defeated the Persians, or that we have come against you now because of the injuries you have done us – a great mass of words that nobody would believe.” The Athenians demanded the submission of Melos, without regard to right or wrong. As the Athenian representative explained, “the strong do what they have the power to do and the weak accept what they have to accept.” 

The Melians were shocked by this brazen admission. They could not believe that anyone would dare to destroy them without just cause. In the first place, the Melians threatened no one. In the second place, they imagined that the world would be shocked and would avenge any atrocity committed against them. And so the Melians told the Athenians: “in our view it is useful that you should not destroy a principle that is to the general good of all men – namely, that in the case of all who fall into danger there should be such a thing as fair play and just dealing. And this is a principle which affects you as much as anybody, since your own fall would be visited by the most terrible vengeance and would be an example to the world.”

The Athenians were not moved by the argument of Melos; for they knew that the Spartans generally treated defeated foes with magnanimity. “Even assuming that our empire does come to an end,” the Athenians chuckled, “we are not despondent about what would happen next. One is not so much frightened of being conquered by a power like Sparta.” And so the Athenians destroyed Melos, believing themselves safe – which they were. The Melians refused to submit, praying for the protection of gods and men. But these availed them nothing, neither immediate relief nor future vengeance. The Melians were wiped off the earth. They were not the first or the last to die in this manner.

There was one more trend that Thucydides noted. In every free and prosperous country he found a parade of monsters: human beings with oversized egos, with ambitions out of proportion to their ability, whose ideas rather belied their understanding than affirmed it. Whereas, there was one Alcibiades in his own day, there were now hundreds of the like: self-serving, cunning and profane; only they did not possess the skills, or the mental acuity, or beauty of Alcibiades. Instead of being exiled, they pushed men of good sense from the center of affairs. Instead of being right about strategy and tactics, they were always wrong. And they were weak, he thought, because they had learned to be bad by the example of others. There was nothing novel about them, although they believed themselves to be original in all things.

Thucydides reflected that human beings are subject to certain behavioral patterns. Again and again they repeat the same actions, unable to stop themselves. Society is slowly built up, then wars come and put all to ruin. Those who promise a solution to this are charlatans, only adding to the destruction, because the only solution to man is the eradication of man. In the final analysis the philanthropist and the misanthrope are two sides of the same coin. While man exists he follows his nature. Thucydides taught this truth, and went to his grave. His history was written, as he said, “for all time.” And it is a kind of law of history that the generations most like his own are bound to ignore the significance of what he wrote; for otherwise they would not re-enact the history of Thucydides. But as they become ignorant of his teaching, they fall into disaster spontaneously and without thinking. Seeing that time was short, and realizing that a massive number of new souls would soon be entering the underworld, the shade of Thucydides fell back to rest.”

"The Deal Is Signed: Fast Food Giants Do The Unthinkable - Insect Ingredients!"

Full screen recommended.
ThisisJohnWilliams, 8/11/24
"The Deal Is Signed: Fast Food Giants 
Do The Unthinkable - Insect Ingredients!"
Comments here:

"Wars And Rumors Of War, 8/11/24"

OpenmindedThinker Show, 8/11/24
"John Mearsheimer Warns: Israel Faces
 Catastrophic Defeat By Iran, Big War Coming"
Comments here:
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Full screen recommended.
Larry C. Johnson: "Warning! Israel About to Drop Nuke
 on Hezbollah? Iran & Pakistan' Urgent Action!"
Comments here:
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Scott Ritter: "Chaos In Israel! Iran & Hezbollah's
 Big Plan To Smash The IDF Has Begun"
Comments here:

The Daily "Near You?"

Kingman, Arizona, USA. Thanks for stopping by!

"Don’t Waste Time, That’s All You Have"

"Don’t Waste Time, That’s All You Have"
by John Wilder

"One of Seneca's (Dead Roman Philosopher Dude) most famous quotes is, "It is not that we have a short time to live, but that we waste a lot of it." What surprises me is that Seneca wrote this before Twitter® existed. But even back in the time of Rome, there were ways to waste time. I’m thinking Facebook® might be that old.

Regardless, his message is timeless: every moment that we’re breathing here on Earth is precious. We may not always get a choice as to how we spend our time (Ted Kaczynski seems to be booked every day) but the true crime is to waste time. Oh, and blowing people up.

I have been as guilty as anyone of wasting time. And one of the biggest wastes of time is to become consumed by negative thoughts and emotions. In reality, most of the time (most) the things that irritate me are small. How small? So small that if I pack up my emotions, and really assess as to why I’m mad, it just looks silly. When Hillary reflects on why she’s mad, well, she calls the Suicide Hotline and places an order.

But that reflection is crucial. It’s called self-control, and although it appears to be unfashionable in certain locations (Chicago, I’m looking at you) it is the only way to be successful. If I threw a temper tantrum when (spins wheel) I drop a sock on the floor, I think there’s a simple word for that in the English language: Leftist feminist the ATF unstable.

No, when I’m upset I stop. I take a deep breath. I ask myself, “Does it matter?” Most of the time, it doesn’t. At all. Very few of the things that have irritated me matter at all over any rational timeframe. The old two rules apply: 1. Don’t sweat the small stuff. 2. It’s all small stuff.

The second question is, can I control whatever the situation is or influence it? If the answer is no, then that’s like being mad that the Sun is coming up in the morning. Even if it’s my mistake, it’s sillier than being angry over the English coal minimum price subsidy in the 1800s or...anything that happened in 1619.

One concept I’ve come across recently is "amor fati," which is Latin for “put armor on fat people”. Oh, wait, my translator was wrong. It really means, "love your fate." I think I first heard a variation of this when I was a kid: “You get what you get, and you’ll like it, and grease up the fat people so we can put plate mail on them.”

The reality of amor fati is this, though: I am where I am, and I have a choice. I can get up every morning and be mad, or I can be happy where I am. Does that mean I’m content? No. Does that mean I’m not going to fight like hell? No. Does that mean I’m not going to try to change certain things with the fire of a thousand suns? No.

It does mean that if life sucks, I can still find meaning, still find purpose, and still try to create the change that I seek to create. It’s not complacency. Heck, Seneca himself was one of the richest dudes in all of Rome. That didn’t just happen. He didn’t just wake up one morning, and say, “Holy crap, I have an amazing amount of money. How did that happen?” Seneca embraced what he had, and tried to better himself, and change himself. He did okay.

Our choices are our choices, but even more than that, we always have the choice how we feel, even Ted Kaczynski. We may have lost everything else, but we always retain that. We should not be overcome by fear or despair. To be clear – those are just about the most negative things we can let into our lives, unless you know one of the women on 'The View.'

The only proper way to deal with tough times is to face into them. Our obstacles make us stronger. Each obstacle we face with virtue and excellence improves us. Except for bullets. Those sound like they really suck.

Regardless of all of that, the first point is still the most important: our lives aren’t too short – our lives are exactly as long as they are. Deal with it. Love it. Use your time – every minute. Every second you waste? It’s wasting your life. Now, go make something happen."
The Alan Parsons Project, "Time" 

"Buying Time"

"Buying Time"
Author Unknown

"A man came home from work late again, tired and irritated, to find his 5-year-old son waiting for him at the door. "Daddy, may I ask you a question?" "Yeah, sure, what is it?" replied the man. "Daddy, how much money do you make an hour?" "That's none of your business! What makes you ask such a thing?" the man said angrily. "I just want to know. Please tell me, how much do you make an hour?" pleaded the little boy. "If you must know, I make $20.00 an hour." "Oh," the little boy replied, head bowed. Looking up, he said, "Daddy, may I borrow $10.00 please?" 

The father was furious. "If the only reason you wanted to know how much money I make is just so you can borrow some to buy a silly toy or some other nonsense, then you march yourself straight to your room and go to bed. I work long, hard hours everyday and don't have time for such childish games." The little boy quietly went to his room and shut the door. The man sat down and started to get even madder about the little boy's questioning. How dare he ask such questions only to get some money?

After an hour or so, the man had calmed down, and started to think he may have been a little hard on his son. Maybe there was something he really needed to buy with that $10.00, and he really didn't ask for money very often. The man went to the door of the little boy's room and opened the door. "Are you asleep son?" he asked. "No daddy, I'm awake," replied the boy. "I've been thinking, maybe I was too hard on you earlier," said the man. "It's been a long day and I took my aggravation out on you. Here's that $10.00 you asked for." 

The little boy sat straight up, beaming. "Oh, thank you daddy!" he yelled. Then, reaching under his pillow, he pulled out some more crumpled up bills. The man, seeing that the boy already had money, started to get angry again. The little boy slowly counted out his money, then looked up at the man. "Why did you want more money if you already had some?" the father grumbled. "Because I didn't have enough, but now I do,"  the little boy replied. "Daddy, I have $20.00 now. Can I buy an hour of your time?" 

"Travelling With Danno And Russell"

Full screen recommended.
Adventures with Danno, 8/11/24
"A Fun Day In Downtown Cincinnati"
Comments here:
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Full screen recommended.
Travelling with Russell, 8/11/24
"I Attended My Local Russian
 City Day Festival: Aprelevka 2024"
"I decided to visit my local City Day events in Aprelevka, Russia, held once per year to celebrate the founding of the City. What kind of events did the Aprelevka Administration host this year to commemorate the city's founding back in 1961?"
Comments here:

"How It Really Is"

"How And Why It Really Is"

o
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Full screen recommended.
o
"The Truth About Smartphone Addiction"
Smartphone and social media addiction is destroying and rewiring
people's brains and changing social interactions in a very negative way. 
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Full screen recommended.
"How Social Media is Destroying Society"
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"This Is How Social Media Is Destroying Your Life - 
The Fake Reality"

“Why Albert Einstein Thought We Were All Insane”

“Why Albert Einstein Thought We Were All Insane”
by Simon Black

“In the early summer of 1914, Albert Einstein was about to start a prestigious new job as Director of the Kaiser Wilhelm Institute for Physics. The position was a big deal for the 35-year old Einstein – confirmation that he was one of the leading scientific minds in the world. And he was excited about what he would be able to achieve there. But within weeks of Einstein’s arrival, the German government canceled plans for the Institute; World War I had broken out, and all of Europe was gearing up for one of the bloodiest conflicts in human history.

The impact of the Great War was immeasurable. It cost the lives of 20 million people. It bankrupted entire nations. The war ripped two major European powers off the map – the Austro Hungarian Empire, and the Ottoman Empire – and deposited them in the garbage can of history. Austria-Hungary in particular boasted the second largest land mass in Europe, the third highest population, and one of the biggest economies. Plus it was a leading manufacturer of high-tech machinery. Yet by the end of the war it would no longer exist.

World War I also played a major role in the emergence of communism in Russia through the 1917 Bolshevik revolution. Plus it was also a critical factor in the astonishing rise of the Nazi party in Germany. Without the Great War, Adolf Hitler would have been an obscure Austrian vagabond, and our world would be an entirely different place.

One of the most bizarre things about World War I was how predictable it was. Tensions had been building in Europe for years, and the threat of war was deemed so likely that most major governments invested heavily in detailed war plans. The most famous was Germany’s “Schlieffen Plan”, a military offensive strategy named after its architect, Count Alfred von Schlieffen. To describe the Schlieffen Plan as “comprehensive” is a massive understatement.

As AJP describes in his book "War by Timetable", the Schlieffen Plan called for rapidly moving hundreds of thousands of soldiers to the front lines, plus food, equipment, horses, munitions, and other critical supplies, all in a matter of DAYS. Tens of thousands of trains were criss-crossing Europe during the mobilization, and as you can imagine, all the trains had to run precisely on time. A train that was even a minute early or a minute late would cause a chain reaction to the rest of the plan, affecting the time tables of other trains and other troop movements. In short, there was no room for error.

In many respects the Schlieffen Plan is still with us to this day – not with regards to war, but for monetary policy. Like the German General Staff more than a century ago, modern central bankers concoct the most complicated, elaborate plans to engineer economic victory. Their success depends on being able to precisely control the [sometimes irrational] behavior of hundreds of millions of consumers, millions of businesses, dozens of foreign nations, and trillions of dollars of capital. And just like the obtusely complex war plans from 1914, central bank policy requires that all the trains run on time. There is no room for error.

This is nuts. Economies are comprised of billions of moving pieces that are beyond anyone’s control and often have competing interests. A government that’s $34 trillion in debt requires cheap money (i.e. low interest rates) to stay afloat. Yet low interest rates are severely punishing for savers, retirees, and pension funds (including Social Security) because they’re unable to generate a sufficient rate of return to meet their needs.

Low interest rates are great for capital intensive businesses that need to borrow money. But they also create dangerous asset bubbles and can eventually cause a painful rise in inflation. Raise interest rates too high, however, and it could bankrupt debtors and throw the economy into a tailspin. Like I said, there’s no room for error – they have to find the perfect balance between growth and inflation.

Several years ago hedge fund billionaire Ray Dalio summed it up perfectly when he said, “It becomes more and more difficult to balance those things as time goes on. It may not be a problem in the next year or two, but the risk of not getting it right increases with time. The risk of them getting it wrong is clearly growing. I truly hope they don’t get it wrong. But if they ever do, people may finally look back and wonder how we could have been so foolish to hand total control of our economy over to an unelected committee of bureaucrats with a mediocre track record… and then expect them to get it right forever. It’s pretty insane when you think about it."

As Einstein quipped at the height of World War I in 1917, “What a pity we don’t live on Mars so that we could observe the futile activities of human beings only through a telescope…”
Freely download "Ideas And Opinions", by Albert Einstein, here:

Dan, I Allegedly, "Phantom Debt - The Hidden Financial Crisis Exposed"

Full screen recommended.
Dan, I Allegedly, AM 8/11/24
"Phantom Debt - The Hidden Financial Crisis Exposed"
"Today we’re diving deep into a topic that could shake the very foundations of our financial world – Phantom Debt. Imagine debts that people don't even realize they're accumulating until it's too late. Scary, right? Well, that's the reality with "buy now, pay later" schemes. People think they’re getting a great deal, but the hidden interest rates and fees are a ticking time bomb. In this video, I share some mind-blowing stats and real-life stories, thanks to an email from an anonymous accountant shedding light on this financial crisis. With over 94 million Americans currently using these services, the risks are skyrocketing. From the alarming rise in defaults to the staggering $1.14 trillion in personal debt, it's clear that Phantom Debt is more than just a myth – it's a looming disaster."
Comments here:

Gregory Mannarino, "Markets, A Look Ahead: A Great Fall... A Third Element"

Gregory Mannarino, 8/11/24
"Markets, A Look Ahead: A Great Fall... A Third Element"
Comments here:

Saturday, August 10, 2024

Canadian Prepper, "Civil War And WW3 Collapse, Prepare Your Castle For The Worst!"

Full screen recommended.
Canadian Prepper, 8/10/24
"Civil War And WW3 Collapse, 
Prepare Your Castle For The Worst!"
Comments here:

Jeremiah Babe, "Sleepy Joe Napping As America Collapses; Outrage Over $13K Food Stamp Balance"

Jeremiah Babe, 8/10/24
"Sleepy Joe Napping As America Collapses; 
Outrage Over $13K Food Stamp Balance"
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Musical Interlude: Il Divo, "Wicked Game" ("Melanconia")

Full screen recommended.
Il Divo, "Wicked Game" ("Melanconia")
(Live In London 2011)

English lyrics here:

"A Look to the Heavens"

"Sprawling emission nebulae IC 1396 and Sh2-129 mix glowing interstellar gas and dark dust clouds in this 10 degree wide field of view toward the northern constellation Cepheus the King. Energized by its bluish central star IC 1396 (left) is hundreds of light-years across and some 3,000 light-years distant. 
The nebula's intriguing dark shapes include a winding dark cloud popularly known as the Elephant's Trunk below and right of center. Tens of light-years long, it holds the raw raw material for star formation and is known to hide protostars within. Located a similar distance from planet Earth, the bright knots and swept back ridges of emission of Sh2-129 on the right suggest its popular name, the Flying Bat Nebula. Within the Flying Bat, the most recently recognized addition to this royal cosmic zoo is the faint bluish emission from Ou4, the Giant Squid nebula."