Monday, August 12, 2024

Musical Interlude: 2002, “Cycle Of Time”

Full screen recommended.
2002, “Cycle Of Time”

Beautiful...

"A Look to the Heavens"

"These three bright nebulae are often featured in telescopic tours of the constellation Sagittarius and the crowded starfields of the central Milky Way. In fact, 18th century cosmic tourist Charles Messier cataloged two of them; M8, the large nebula left of center, and colorful M20 on the right. The third, NGC 6559, is above M8, separated from the larger nebula by a dark dust lane. All three are stellar nurseries about five thousand light-years or so distant.
The expansive M8, over a hundred light-years across, is also known as the Lagoon Nebula. M20's popular moniker is the Trifid. Glowing hydrogen gas creates the dominant red color of the emission nebulae, with contrasting blue hues, most striking in the Trifid, due to dust reflected starlight. The colorful skyscape recorded with telescope and digital camera also includes one of Messier's open star clusters, M21, just above the Trifid."

"Dead Romans Agree: Don’t Let The Small Stuff Bother You"

"Dead Romans Agree: 
Don’t Let The Small Stuff Bother You"
by John Wilder

"I woke up this morning just irritated. No particular reason. In all fairness, it was entirely an internal feeling, and I imagine most people never noticed. I was nice and polite to nearly everyone I interacted with. And why not? None of them were my ex-wife. I wasn’t irritated with them, I was just irritated. There were no issues. I wasn’t in pain. No one around me was in particular trouble. Thankfully I’m not an electrician – people might dislike me not being positive at work.

As I thought about it, what was irritating me? I couldn’t quite put a finger on it. There was no rational reason at all. During a conversation lat night, though, I had a reason to quote Marcus Aurelius: “If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.”

Sure, Marcus Aurelius’ kid was an utter tool, but when you become Caesar at 18, well, it might tend to go to your head – think of Commodus as Miley Cyrus, 180 A.D. Back to Marcus, though. Marcus genuinely did his best for the Roman Empire. As near as I can tell, Marcus was a pretty good leader. And that little quote above wasn’t written for you and me. It was written for Marcus, by Marcus. He was reminding himself that the external things in the world had only the power he gave them. He was giving himself a pep talk.

Marcus Aurelius was right. In the conversation I was having lat night, the person was very upset (most of you don’t know the person, though specific readers in California and Indiana do – hi guys!). The reason she was upset? Nothing rational at all. So I quoted a dead Roman emperor. Did it help? I don’t know. I’m beginning to see a pattern where crying people don’t stop crying when I quote dead Roman emperors. I’m beginning to see why the kids call The Mrs. when they want actual human sympathy.

My irritation (I think) came from the same place. Nowhere. I felt fine (except for my right knee which is much better now) and the day generally went fairly well. I realized that the advice I gave was meant just as much for me as for the person I was talking to. I was just being irritated because I let myself be irritated.

Once I was done and realized I didn’t have to be irritated? My irritation disappeared. I know that the way I feel is (generally) my choice. I can choose how I feel: salty, Wednesday, or even drunk. The only reason that I’m not happy every morning is if I choose not to be happy on some particular morning.

Are there actual reasons why I might have different feelings? Sure. If I had mental problems (other than an unseemly affection for awful jokes and a desire to consciously be able to make my fingernails grow absurdly fast) that might be a reason to have a feeling other than what I choose.

Don’t know. I do know that there are people with actual mental problems. There’s proof: some people actually voted for Biden. But, going back to Marcus, that’s not external. Being sick or goofy enough to vote for Biden isn’t external.

Physical pain also is an internal source that can destroy moods. I once (for a few months) had sciatica. I was irritable enough every morning to chew nails and spit bullets. Then I discovered that I could work out for a few hours on an elliptical trainer to make the pain go away. A week later? I was fine. My irritation vanished along with my sciatica, never (hopefully) to return. That was nearly 15 years ago. Sure, I’ve felt pain since then, but most of it was the good pain from a hard workout. Heck, most days the worst thing that happened was the crisp morning breeze running through my back hair.

My mood depends on me. My attitude depends on me. Does that mean that I can’t see the actual situation we’re in? Of course not. I see a nation tearing itself apart. It’s worse: it’s not just a nation, Western Civilization seems to be happily thrashing about as it marches down a path to extinction.

Is that good? Of course not. Does it mean that I should walk around every day being sad? Of course not. I am doing, I assure you, everything I can think of to stave off that darkness. I mean, those memes won’t make themselves. And I am doing it cheerfully. I laugh every day. I smile because I know that most of the things that I worry about can have no power over me unless I give them that power.

Make your choices, and understand that while you might wake up irritated – it’s your choice if you wish to stay in that mood for a minute or an hour. Me? I like being happy, so I choose that, even in moments where it might not be appropriate. I might even need to stop high-fiving people at funerals.

So, I got started late typing this after a day I chose to just be irritated. And, I’m going to choose to end now. With a smile on my face. Go and have a great day. Most of the time, having a great day is just a choice. Choose wisely."
"The trick is in what one emphasizes. We either make ourselves miserable,
or we make ourselves happy. The amount of work is the same."
- Carlos Castaneda

Chet Raymo, "Asperges Me, Domine "

"Asperges Me, Domine"
by Chet Raymo

"Our earliest mammalian ancestors were presumably nocturnal - to escape the predations of dinosaurs - but for most of human history we have been afraid of the dark, huddling in caves around stuttering fires, curled together in darkness like mice in a burrow. Night belonged to animals with big, dark-adapted eyes and sharp teeth, to footpads and graverobbers, to werewolves and vampires. Ironically, it was with the coming of electric illumination that it became reasonably safe to go out and about at night, even as the illumination erased the best reason to do so.

William Blake called day Earth's "blue mundane shell... a hard coating of matter that separates us from Eternity." At night we peer into infinity, awash in a myriad of stars. We creep to the door of the cave and look up into the Milky Way and catch a glimpse of divinity - everlasting, all-embracing, utterly unknowable. Night - that cone of shadow, that wizard's cap of spells and omens - is the chink in Earth's shell through which we court Ultimate Mystery the way Pyramus courted Thisbe.

Which is why, I suppose, that whenever I think of "the porch" of people who visit here, I imagine Carolina rockers on a southern summer verandah, far from city lights, Vega, Deneb and Altair swimming in the Milky Way, fireflies flickering on the lawn. At some point the conversation ceases and we simply sit, rock, and listen to the sounds of the night- the whippoorwill, the bullfrog, the cricket and the owl - and let starlight fall upon our heads like a sprinkling of holy water."

"Asperges Me, Domine"
"Wash me, Lord. Sprinkle me with hyssop and I shall be clean."
- The Catholic Mass

"Ah, You Miserable Creatures!"

"Ah, You Miserable Creatures!"
"Ah, you miserable creatures! You who think that you are so great!
You who judge humanity to be so small! You who wish to reform everything!
Why don't you reform yourselves? That task would be sufficient enough."
- Frederic Bastiat
How much more evidence do you need to 
realize we as a society have lost our collective minds?

"Wars And Rumors Of War, 8/12/24"

Full screen recommended.
Danny Haiphong, 8/12/24
"What Putin Just Did to Israel is Shocking as 
Hezbollah's Russian Missiles Swarm IDF, Iran Looms"
Vladimir Putin just sent a major warning to Israel that has Netanyahu on red alert as Russia's aid to Hezbollah and Iran begins to pay major dividends. Bombshell events over the last 24 hours have revealed something huge about what Hezbollah and Iran is readying for the IDF.
Comments here:
o
Larry C. Johnson, 8/12/24
"Israel’s Epic Struggle vs. Iran -
 Russia's Devastating Blow to Ukraine's Army!"
Comments here:
o
Judge Napolitano - Judging Freedom, 8/12/24
"Ray McGovern: 
Ritter’s Courage, Israel’s Moral Crisis"
Comments here:
o
Full screen recommended.
Times Of India, 8/12/24
"Israeli Military Shuts Down Southern Regions
 As Iran Could Strike Anytime From Now"
"With tensions escalating, the Israeli Defense Forces have shut down southern regions ahead of Tisha B’Av, a major Jewish holiday. Amid growing fears of a possible Iranian attack, the closures are part of efforts to safeguard civilians, especially as large prayer gatherings are expected." 
Comments here:

"What Did $6.5 Trillion in Money Printing Achieve?" (Excerpt)

"What Did $6.5 Trillion in Money Printing Achieve?"
by David Stockman

Excerpt: "Here we go again. The Fed has spent the last 16 years fueling the mother of all financial bubbles on Wall Street. And by way of spillover effects on the mortgage market, it has also fostered parallel bubbles in commercial and residential real estate assets alike, across the length and breadth of the land.

Now these bubbles are once again bursting, of course, under the inexorable force of economic gravity (i.e. unsupportable debt and absurd valuation multiples), meaning that both ends of the Acela Corridor will be soon bleating loudly for another round of bailouts and frenetic money printing. But before the powers that be are able to rekindle yet another monetary rinse-and-repeat episode, the question recurs as to what has been accomplished since August 2008 by the $6.5 trillion increase in the Fed’s balance sheet over that interval?

Well, when it comes to measuring the bread and butter output of the US economy—manufactured goods, energy, mining and gas, electric, and other utilities—the answer is pretty much nothing. The industrial production index today stands hardly a tad above its August 2008 level. To be exact, the index has gained just 0.15% per annum during the last 16 years.

That’s an abrupt comedown from the prior trend. As it happened, between 1950 and 2008, the industrial production index rose by 3.50% per year. That is to say, unprecedented money-pumping and the resulting diminutive level of interest rates generated an industrial output growth rate equal to only 4% of its historic level, and not for a year or two but the better part of the first quarter of the Twenty-First century.

Our Keynesian monetary central planners, however, would say the flatlining of industrial production makes no nevermind because they have managed to keep total GDP expanding at an arguably respectable rate. Thus, between Q2 2008 and Q2 2024 real GDP rose from $16.9 trillion to $22.9 trillion or by 1.91% per annum, according to the official statistics. That was well short of the 3.41% per annum growth rate over the same 1950 to 2008 interval, but at 56% of its historic average, it wasn’t macroeconomic chopped liver, either.

Except, except. When you look at the internals, the real GDP woodpile is heavily populated by statistical skunks - most especially when it comes to the inflation indexes used to deflate the nominal data for spending and output. And, if you materially undercount inflation you can easily turn a macroeconomic sow’s ear into the semblance of a silk purse.

As reported, for instance, the goods component of real GDP rose from $3.37 trillion in Q2 2008 to $5.45 trillion in Q2 2024. That $2.08 trillion gain computes to a fulsome growth rate of 3.05% per annum, thereby lifting the top-line real GDP figure considerably."
Full, highly recommended article is here:
o

The Daily "Near You?"

St. Charles, Missouri, USA. Thanks for stopping by!

"Do You Believe..."

“Do you believe,’ said Candide, ‘that men have always massacred each other as they do today, that they have always been liars, cheats, traitors, ingrates, brigands, idiots, thieves, scoundrels, gluttons, drunkards, misers, envious, ambitious, bloody-minded, calumniators, debauchees, fanatics, hypocrites, and fools?”

“Do you believe,” said Martin, “that hawks have always eaten pigeons when they have found them?”
- Voltaire

"And Never, Never To Forget..."

“To love. To be loved. To never forget your own insignificance. To never get used to the unspeakable violence and the vulgar disparity of life around you. To seek joy in the saddest places. To pursue beauty to its lair. To never simplify what is complicated or complicate what is simple. To respect strength, never power. Above all, to watch. To try and understand. To never look away. And never, never to forget.”
- Arundhati Roy, "The Cost of Living"

Travelling with Russell, What is the Future of Russian Transport: Moscow 2030"

Meanwhile, in a sane, civilized society...
Full screen recommended.
Travelling with Russell, 8/12/24
"What is the Future of Russian Transport: 
Moscow 2030"
"What does the future of Russian Transport look like? Join me at Moscow2030 to discover what Transport will be like in Russia. This expo is part of a larger event detailing future exploits of the Russian Transport industry. From trains to buses and from cars to trams."
Comments here:

"Disaster and Opportunity"

"Disaster and Opportunity"
by Jeff Thomas

"The Mandarin word for "crisis" is weiqi. But weiqi is actually two words – the first, "wei," meaning disaster and the second, "qi," meaning opportunity. For thousands of years, the Chinese people have understood that disaster and opportunity come in the same package. Whenever a period of dramatic change is unfolding, the Chinese people recognise that change, in addition to potentially bringing disaster, also presents opportunity.

To the western mind, crisis is a negative condition only, and as people wish to escape negativity as quickly as possible, westerners tend to support whatever leaders promise to make the problem go away quickly. Of course, what this really leads to is a society in which those leaders who are the most trusted will be those who promise the easiest solution, regardless of how unrealistic it may be. So we have a culture of people who support the papering-over of problems. The catch is that, whilst we can get away with papering-over as a temporary fix, when systemic problems have developed, papering-over only puts off the inevitable, as well as ensuring that, when the problem is finally addressed, it will be far greater.

For decades, westerners, particularly in the US, have voted for those candidates who promise "Hope and Change" and "Make America Great Again." Of course, these are paper-thin slogans that do not in any way bear scrutiny. In them, there is not even a suggestion of an actual plan. All that’s really being provided is a new face on the government, whilst the same people remain in charge behind the scenes.

Somehow, American voters seem to be more interested in the latest cardboard-cutout of a leader than in those who actually rule, and whether there is an actual plan. But once the election party is over and all the bunting has been taken down, it would be hoped that the leaders would dedicate themselves to problem-solving. However, in the West, this is rarely the case. What we tend to see instead is endless posturing, which accompanies four years of continued papering-over.

Of course, this can’t continue forever. At some point, the flimsy structure topples and the crisis must be dealt with. We have recently entered one such crisis. And so, in the West, we can count on the political class to do the one thing they know how to do: keep papering. They will create far greater deficits, debt and entitlements, and on the other side of the leger, far greater taxation and, eventually, confiscation.

Until now, what we have been seeing is a fragile edifice that has been papered-over countless times and will soon collapse. Once the dust has settled on that collapse, we can expect the political class to busy themselves applying paper to the rubble that remains. Historically, this is the way empires die.

And to be fair to the US, they are not the only structure that will topple. The EU, UK, Canada and quite a few others that have, until now, been regarded as the First World have, over the last seventy-five years, thrown in their lot with the US. They too have used the same philosophy as to crisis and will experience the same outcome.

So, is that it? The whole world will collapse? Well, no, not at all. Historically, whenever one empire has hit the skids, there have always been others in the wings, ready to rise, and that is just as true today. The political world abhors a vacuum, and whenever one country falls, there is always another ready to fill the gap.

And of course, westerners do fear the rise of China, which has achieved perhaps the greatest growth of any country in history. From impoverished nation to world leader in just a few decades. But then, the Chinese do live by the principle that, in crisis, both disaster and opportunity are equally possible.

And in discussions with Chinese businesspeople, this is evident. Many are eager to get on with the crisis, as it means the opportunity to create new businesses and new markets and a whole new approach to prosperity. But in focusing on China as the great threat to Western hegemony, westerners almost invariably fail to understand that weiqi is not solely a Chinese concept; it’s a guiding principle for Asians in general.

In Korea, the concept is called "gihoe" and in Japan, it’s "kikai." But the underlying principle is the same. And in one Asian country after another, we can see the effects of this perception of opportunity as an integral part of any crisis.

In each country in Asia, we can take a drive and see hundreds of large, completed apartment blocks, as yet unused. If we ask our Asian companions why this anomaly exists, they seem surprised. They explain that, over the next five to ten years, even these won’t be enough to house the many people who will be moving to the city to handle the increase in production that’s anticipated, as Asia takes over the supply of goods to other parts of the world. Surely, westerners understand that such preparation is necessary if progress is to be swift?

Even those Asian locales that westerners tend to regard as war-torn casualties are in preparation mode. If we sit down for dinner with an industrialist in Viet Nam, he may talk of his present small portion of the market as perhaps being $100,000,000 per annum, but he is presently reinvesting his profits into expansion programmes so that, in the next decade, his company will cease to be such a small player.

Even the DMZ – the demilitarized zone between North and South Korea, a location that the West remembers as an impenetrable minefield – is presently being carpeted with countless pre-engineered steel warehouses – a free-trade zone in which the two countries can expand their respective prospects in preparation for reunification in 2045.

It’s been said that the twenty-first century will be the Asian century, and that is quite so. If we examine an IQ map of the world, we find that the Asian IQ tends to be higher than on any of the other continents. Whilst we may not like to admit it, they have an intellectual edge, and more to the point, they are clearly using it. Whilst those in the West are seeing the wei – the disaster – Asians are also seeing the qi. They understand that they are entering a period of great opportunity. And the future will be primarily theirs to command."

Gregory Mannarino, "The U.S. Economic Meltdown Is Worsening Much Faster Than We Thought"

Gregory Mannarino, PM 8/12/24
"The U.S. Economic Meltdown Is Worsening 
Much Faster Than We Thought"
Comments here:

"How It Really Disgracefully Is"

 
41,000 homeless veterans in August, 2024

"Although national tracking of veteran suicide rates is unreliable at best, the VA 
estimates that 22 veterans commit suicide each day. This means approximately 
8,030 veterans kill themselves every year, more than 5,540 of whom are 50 or older."

o
Oh, but $150 BILLION For Ukraine...
And don't get me started on those Israeli monsters...

A Comment: On October 8,1968, I enlisted at 17 years old, with parental consent, into the United States Marine Corps, becoming an MOS 0311 Infantry Rifleman. I said these words..."I, _____, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me, according to regulations and the Uniform Code of Military Justice. So help me God." - Oath of Enlistment. We took that oath because we believed in America, believed that it was good and decent and honorable, with freedom, that it really was the best place for everyone from everywhere to live your life. I was lucky and made it back; many of my buddies didn't. This is not the country I and they swore allegiance to then. I look now and have no pride or hope anymore, only anger and disgust with the shameful disgrace we've allowed our country and ourselves to become, and am glad I'm 72 years old and don't have to watch this horror unfold for too long. God help the young people for the future we've given them. I'd never say that oath now. I'm ashamed to be an American... - CP

Bill Bonner, "Ad Blues"

"Ad Blues"
The Fed has a huge bias in favor of errors that benefit powerful, moneyed groups... leading us to guess that its next error will be, once again, to under-price credit for privileged borrowers.
by Bill Bonner

"Тhey [Romans] were forced to debase the currency. Debasing the currency for them was the same as borrowing is for us. It basically shifts the cost of solving your problems on to the future. Now, you can do that if the future doesn’t have any problems of its own. And we know that never happens, right? So the future has to deal with its own problems plus the cost of the past problems that you’ve deferred the cost of. "
- Joseph Tainter

Poitou, France - "After our car blew up, we rented a Citroen van. All was well until a light flashed on, telling us to put in something called ‘AdBlue.’ It further informed us that if we didn't do so within thirty kilometers, the car would not start. Oh my... another thing to deal with.

Adblue? A French website told us that it is an “additive required by Europe intended to reduce harmful emissions from diesel engines. The additive goes into the exhaust system and converts toxic gas into water vapor.” Jeepers creepers. We were out in the country. Where could we get this ‘AdBlue?’ We hunted on the internet and found it at a filling station not too far away. But the exercise took time and attention away from other things.

“Tainter was right,” we said to Elizabeth. “Tainter who?” “Joseph Tainter. He explained why societies always go into decline. Each challenge brings a response. And each response takes energy. Rules and regulations are put in place... but rarely removed. So, people end up using energy for things that no longer matter. And rather than pay the full costs of the response, they borrow or print the money... so as to push the costs onto the future. Then, as the future happens, it is burdened by debts, rules, laws, and regulations that are relics of previous problem solving.”

Central Financial Planning: Last week, we saw that every Fed policy choice is an error. There are an infinite number of possibilities for the Fed Funds rate. Choosing just the right one at just the right time is very unlikely. The Fed is trying to do something that never works - central financial planning.

Each and every choice made by the Fed is an error; it cannot help but misprice credit. A rate that is too high prevents borrowers from getting the credit they need. A rate that is too low encourages them to borrow too much. Either way, the economy is distorted and enfeebled.

Each policy decision is an attempt to deal with a current problem. But the error causes problems downstream that then must be addressed with more policy choices, causing even more problems. The decade-plus of ‘zero’ interest rates, for example, 2009-2021, led to today’s inflation and $35 trillion in debt. So, the Fed is now trapped between ‘inflate or die’ - fighting inflation while also trying to prevent a debt meltdown.

We also saw that the Fed’s errors were not random. If they were sometimes too high and sometimes too low, they would average out to somewhere close to where they ought to be. Instead, the Fed chooses rates that are almost always too low, thus encouraging too much credit and setting the country up for a credit crisis.

In 1968, economists advising the Johnson administration thought they saw a problem. The nation needed more credit. It would be a simple and painless move, they believed, to cut the domestic dollar off from gold. Problem... solution! Since then, the amount of credit outstanding in the US has gone from $1.4 trillion to $94.5 trillion today. That’s a 66-times increase. US GDP, meanwhile, was around $1 trillion in 1968. Now, it’s $28 trillion. (We may have previously gotten these numbers wrong...)

In other words, credit has expanded three times faster than output. Corporate debt too has risen thirty-five times since the dollar became a ‘credit money.’ The cheap credit was what made possible the ‘financialization’ of the US economy - with much higher levels of capitalization, deal flow, debt and M&A activity.

So, imagine your family. In 1968, you owed $100,000. Now you owe $6.7 million. Imagine the good times you could have had - spending that extra $6.6 million that you never earned. Houses... cars... vacations... granite countertops... air-conditioned garages and in-ground pools - they may have exceeded your earnings... but not your credit.

You can imagine too how the local economy would have gotten a boost. Typically, people spend money from wages. So, in order to go into the local economy... money must first come out of the local economy. But this was not a real money boom, this was a credit money faux-boom. It is as if the money came like manna from Heaven... it gave your family and the whole community around you a big ‘stimulus.’

Making it Worse: But wait. Say your own income rose in step with GDP. You earned $10,000 in 1968. Now, you earn $280,000. Not to put too fine a point on it, but you are broke, busted... no bread... nuthin.’ You wouldn’t be able to keep up with the debt service, even if you devoted 100% of your pre-tax earnings (at 5% interest). But instead of recognizing the problem and correcting it, US authorities are making it worse... by pushing even more of today’s problems into the future (with $2 trillion annual deficits) and preparing to cut interest rates, (thereby making it easier to borrow more money).

Problems are sometimes real and important. And sometimes phony and convenient. AdBlue? We don’t know. But the Fed has a huge bias in favor of errors that benefit powerful, moneyed groups... leading us to guess that its next error will be, once again, to under-price credit for privileged borrowers. This will help solve the problems of recession/job slowdown/bear market on Wall Street/funding federal deficits... and so forth. It will also give rise to even bigger debt and inflation problems in the future. Like the Romans, the feds will be ‘forced to debase the currency.’ Let us hope that the future has no problems of its own."
o
Download "The Collapse of Complex Societies", 
by Joseph A. Tainter, here:

Free Download: George Orwell, "1984"

“I’ve never heard her [Kamala Harris] say anything original or observant; at her best,
she simply recites the party line. At her worst, she’s too lazy to memorize the party line.”
- Lionel Shriver
o
“Talking to her, he realized how easy it was to present an appearance of orthodoxy while having no grasp whatever of what orthodoxy meant. In a way, the world-view of the Party imposed itself most successfully on people incapable of understanding it. They could be made to accept the most flagrant violations of reality, because they never fully grasped the enormity of what was demanded of them, and were not sufficiently interested in public events to notice what was happening. By lack of understanding they remained sane. They simply swallowed everything, and what they swallowed did them no harm, because it left no residue behind, just as a grain of corn will pass undigested through the body of a bird.”
-George Orwell, "1984"
o
“What opinions the masses hold, or do not hold,
is looked on as a matter of indifference. They can be
granted intellectual liberty because they have no intellect.”

“To know and not to know, to be conscious of complete truthfulness while telling carefully constructed lies, to hold simultaneously two opinions which cancelled out, knowing them to be contradictory and believing in both of them, to use logic against logic, to repudiate morality while laying claim to it, to believe that democracy was impossible and that the Party was the guardian of democracy, to forget whatever it was necessary to forget, then to draw it back into memory again at the moment when it was needed, and then promptly to forget it again: and above all, to apply the same process to the process itself – that was the ultimate subtlety: consciously to induce unconsciousness, and then, once again, to become unconscious of the act of hypnosis you had just performed. Even to understand the word “doublethink” involved the use of doublethink.”
– George Orwell, “1984” (1949)
o
Freely download “1984″, by George Orwell here:

Jim Kunstler, "The Party Line Is a Mighty Squishy Line"

"The Party Line Is a Mighty Squishy Line"
by Jim Kunstler

“I’ve never heard her [Kamala Harris] say anything original or observant; at her best, 
she simply recites the party line. At her worst, she’s too lazy to memorize the party line.”
- Lionel Shriver

"Does anybody know what this shape-shifting chimera passed off as “our democracy” actually is? I will tell you. Like everything else in the Democratic Party’s tool-bag these days, it’s the opposite of what it appears to mean, namely: You, the demos, give us, officialdom, the power to take whatever we like from you: your savings, your liberty, your stuff, your identity, and your posterity - because we are the boss-of-you, and don’t you forget it...and, by the way, the beatings will continue until morale improves.

It’s really that simple, though the deceptions cooked up to hide it are convoluted to the max. Like: engineering the illegal entrance to the US of millions from other lands and then using procedural hocus-pocus such as motor-voter registration and public assistance applications (free money + automatic voter registration) to stuff the election drop-boxes with the ballots of non-citizens - who, get this, don’t even have to be the ones casting those ballots, which can just be harvested, like so many oven-ready pullets, by lowly hired shills. If you catch onto the ruse, you’ll be instructed that borders are arbitrary roadblocks to social justice thrown up by the old white male patriarchy, and that these are “free and fair elections.” And if you object loudly enough, you lose your job, your livelihood, your Facebook account, and maybe get thrown into solitary confinement for a year. Our democracy.

Meanwhile, we’re enjoying the spectacle of this evil party’s candidate selection tour with their joyful warriors/avatars, Harris and Walz - joyful because they laugh and laugh in the absence of articulating any actual views on the particulars of governance, and it’s infectious to witness all that mirth. There is, of course, an artificially strenuous air about all this hoopla. It rolls out in an alternative reality like one of those summer techno-pop raves where everyone is stoned on MDMA. The dream girl gets launched into center-stage by invisible forces and is joined by her prom king, and it’s just so heartwarming to get waved at by the grinning, hand-holding couple nobody voted for. This is your demos-free ticket!

Will anybody at the imminent Democratic National Convention notice how this all mysteriously came to be? And might there be any active consternation over it? Perhaps even a welling movement to pull the plug on this rave? You may be apt to wonder what is going on in the Chappaqua redoubt of She-Whose-Turn-Has-Been-(so far)-Thwarted, HRC, boss-of-all-girl-bosses, putatively retired from public life. She’s been awfully quiet since that night over a week ago when she was obliged on-stage somewhere to hug and air-kiss Ms. Harris, and made a face seconds after as if she had thrown up in her mouth.

Is she stewing in the broth of grievance but still and nonetheless tirelessly working her phone to canvas the delegates of that looming party meet-up? She might remind them that the DNC (that is, the Democratic National Committee, Inc), went broke in 2016 and got bailed out by the Clinton Foundation checkbook, and, Jeez, we can’t seem to find any repayment check from all’y’all. It seems maybe you owe us...something.

And, by the way, HRC could remind said delegates: you have allowed a laughing hyena who drinks her lunch to land at the head of the ticket for the worst reasons (viz., DEI) minus any votes from the party membership, and then managed to duct-tape a China-owned, Cluster-B head-case to her as the veep sidekick...and maybe when all the hee-hawing and hooting dies down, you’ll discover what a pair of losers you’ve allowed to be undemocratically implanted to (ha!) represent you. And also, by the way, I happen to be available as her capable-and-experienced replacement...whom you can actually vote for on the convention floor, if you manage to get your shit together...you know...our democracy, and all. Just sayin’.

That is, I’m just sayin’ what She might be thinkin’ (and sayin’). I am in no position to predict any actual outcome, but it’s hard to imagine any winning moves by the Harris & Walz team in actual play-by-play. In case you have forgotten amid all the week-long laughter and euphoria, there are important national issues to discuss about how to manage the malevolent leviathan the federal government has become, and many dilemmas and threats the people face. And there are very different records of each team’s views on these things, party by party.

Some of that discussion could happen in the (so far) one scheduled September 10 debate. If Mr. Trump can manage to be polite, he can press Kamala Harris to explain herself on things like the wide-open border, failure to negotiate with the Russians to end the Ukraine War, her party’s antipathy to public safety, her party’s promotion of gender identity insanity, its Gestapo-style lawfare operations, its endless hoaxes, and its disgraceful documented efforts to censor free speech. The record is pretty clear on all of that, and there’s a fair chance that Ms. Harris can’t possibly explain it away. Or laugh it off.

Mr. Trump has requested two more head-to-head debates, which Ms. Harris apparently wants to forego. Mr. Trump has come up with an excellent alternative: two “town hall” format appearances in which he fields questions from citizens, or from news reporters, or some combo of both. That would be much to his advantage, without Ms. Harris on stage to defend her positions - or, more likely, to dodge any coherent reply by repeating “racist racist racist,” and laughing her head off.

That is, if she even remains the nominee. Let’s see how it goes this week leading to the convention. For instance, if she and Mr. Walz can still weasel out of taking any questions from the news media. Or whether the White House (remember “Joe Biden” still lives there) and his blob compadres can engineer a major escalation into world war, to take everybody’s mind off the election race. Or if any tremors of apprehension emanate from the delegate corps packing their rolly-bags for the dreaded party confab in Chicago. You have to kind of wonder if they’re bringing any riot gear."

Dan, I Allegedly, "Banks are Now Warning Us - Is Your Money Safe?"

Full screen recommended.
Dan, I Allegedly, AM 8/12/24
"Banks are Now Warning Us - Is Your Money Safe?"
"Are bank runs imminent? What are they not telling you? In this eye-opening video, I dive deep into the current banking crisis, discussing the alarming increase in stories about uninsured bank deposits and the potential for catastrophic bank runs. With $7 trillion in uninsured deposits at stake, even a small percentage of people withdrawing their money could trigger unprecedented financial chaos. Why are they now warning us about this? Are the banks worried about bank runs?"
Comments here:

Adventures With Danno, "Aldi Saver Deals Everywhere!"

Full screen recommended.
Adventures With Danno, AM 8/12/24
"Aldi Saver Deals Everywhere!"
"In today's vlog, we are at Aldi and are finding all kinds of their Aldi Saver Deals! As grocery prices continue to rise in most of our main supermarkets, Aldi has put together some pretty amazing sales that we should definitely take advantage of! We show you all of the savings, so get your notepad ready!"
Comments here:

"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
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

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."