Full screen recommended.
Dan, I Allegedly, AM 10/8/24
"Myth vs Fact - FEMA Has Lost It"
Comments here:
So, we rise from the rubble...
Tuesday, October 8, 2024
"Iran: After 'Nuclear Bomb Test', Tehran's 10 Planned Ways Of Attacking Israel Revealed"
Full screen recommended.
Hindustan Times, 10/8/24
"Iran: After 'Nuclear Bomb Test',
Tehran's 10 Planned Ways Of Attacking Israel Revealed"
"The Iranian military has prepared “at least ten” scenarios for a possible Israeli strike to avenge the October 1 missile blitz. The claim was made by Tasnim news agency run by the Islamic Revolutionary Guard Corps (IRGC), quoting a source. It said, “Iran’s response may be harsher and aim for different targets that would intensify the effectiveness of the response."
Comments here:
o
Dialogue Works, 10/8/24
"Scott Ritter: Israel's Total Defeat
Against Iran and Hezbollah Imminent?"
Comments here:
"Homeless Population Growth in America’s Greatest Cities – It’s Worse Than You Think!"
Full screen recommended.
Discover The Abroad, 10/7/24
"Homeless Population Growth in America’s Greatest Cities –
It’s Worse Than You Think!"
"The homelessness crisis in America is reaching alarming levels, especially in some of the nation’s largest and most influential cities. In this eye-opening documentary, we dive deep into the shocking rise in homelessness across America’s greatest urban centers, including cities like Los Angeles, New York, San Francisco, and Seattle. The numbers are staggering, and the reality is far worse than many realize.
Why is homelessness increasing so dramatically? What are the root causes behind this devastating issue? From the lack of affordable housing and the skyrocketing cost of living to mental health crises, addiction, and the economic fallout from the pandemic—this documentary covers it all. You'll see real stories from individuals who have found themselves on the streets, as well as interviews with experts, advocates, and city officials who are trying to tackle the problem.
The video sheds light on the social, economic, and political factors driving this surge and explores the impact it has on communities, businesses, and public safety. Despite efforts to reduce homelessness, many cities are struggling to find effective solutions, and the situation is getting worse. Watch now to understand the magnitude of the problem and what steps can be taken to help."
Comments here:
o
A Comment: Look around... over 600,000 homeless Americans, including 60,000 veterans, 22 of whom commit suicide every single day. $180 BILLION for the Ukrainians, countless BILLIONS for the psychopathically degenerate Israelis, but FEMA has no money and the survivors of Helene get a whopping $750 to rebuild their lives with after losing everything; drug abuse is rampant and has killed 150,000 Americans in the last 12 months; and the homeless are on their own as always. We as a society are an absolutely shameful disgrace in every way! Look around, tell me I'm wrong! - CP
Travelling with Russell, "Russian Luxury Department Store Tour, GUM Moscow"
Full screen recommended.
Travelling with Russell, 10/8/24
"Russian Luxury Department Store Tour, GUM Moscow"
"What does a Russian luxury department store look like inside? GUM Moscow
is considered the most upmarket, high-end shopping mall in Russia.
What is it really like inside?"
Comments here:
Incredible! Always fascinating what a sane, civilized society can achieve...
Not that we would know...
Monday, October 7, 2024
"Alert! US Military HQ Will Be Destroyed! Hurricane Milton And WW3! Russia Moving Nuclear Weapons!"
Full screen recommended.
Canadian Prepper, 10/7/24
"Alert! US Military HQ Will Be Destroyed!
Hurricane Milton And WW3! Russia Moving Nuclear Weapons!"
Comments here:
Jeremiah Babe, "Hurricane Milton Closing In On Florida, Get Out Now"
Jeremiah Babe, 10/7/24
"Hurricane Milton Closing In On Florida, Get Out Now"
Comments here:
Musical Interlude: Ludovico Einaudi, "Lady Labyrinth" & "Nightbook"; "Divenire"
Full screen recommended.
Ludovico Einaudi, "Lady Labyrinth" & "Nightbook"
o
Full screen recommended.
Ludovico Einaudi, "Divenire"
Magnificent...
"A Look to the Heavens"
"To the eye, this cosmic composition nicely balances the Bubble Nebula at the right with open star cluster M52. The pair would be lopsided on other scales, though. Embedded in a complex of interstellar dust and gas and blown by the winds from a single, massive O-type star, the Bubble Nebula, also known as NGC 7635, is a mere 10 light-years wide. On the other hand, M52 is a rich open cluster of around a thousand stars. The cluster is about 25 light-years across.
Seen toward the northern boundary of Cassiopeia, distance estimates for the Bubble Nebula and associated cloud complex are around 11,000 light-years, while star cluster M52 lies nearly 5,000 light-years away. The wide telescopic field of view spans about 1.5 degrees on the sky or three times the apparent size of a full Moon."
The Poet: Maya Angelou, “Alone”
“Alone”
“Lying, thinking
Last night
How to find my soul a home,
Where water is not thirsty
And bread loaf is not stone.
I came up with one thing
And I don’t believe I’m wrong,
That nobody,
But nobody
Can make it out here alone.
Alone, all alone,
Nobody, but nobody
Can make it out here alone.
There are some millionaires
With money they can’t use,
Their wives run round like banshees,
Their children sing the blues.
They’ve got expensive doctors
To cure their hearts of stone,
But nobody,
No, nobody
Can make it out here alone.
Alone, all alone,
Nobody, but nobody
Can make it out here alone.
Now if you listen closely
I’ll tell you what I know…
Storm clouds are gathering,
The wind is gonna blow.
The race of man is suffering,
And I can hear the moan,
‘Cause nobody,
But nobody,
Can make it out here alone.
Alone, all alone,
Nobody, but nobody,
Can make it out here alone.”
- Maya Angelou
"Alone..."
“We are all alone, born alone, die alone, and – in spite of True Romance magazines – we shall all someday look back on our lives and see that, in spite of our company, we were alone the whole way. I do not say lonely – at least, not all the time – but essentially, and finally, alone. This is what makes your self-respect so important, and I don’t see how you can respect yourself if you must look in the hearts and minds of others for your happiness.”
- Hunter S. Thompson,
“The Proud Highway: Saga of a Desperate Southern Gentleman”
"Scott Ritter: Israel on Brink of Shocking Defeat to Hezbollah & Iran, IDF Losing on All Fronts"
Danny Haiphong, 10/7/24
"Scott Ritter: Israel on Brink of Shocking Defeat to
Hezbollah & Iran, IDF Losing on All Fronts"
Comments here:
"Better Take A Closer Look..."
Any man who thinks he can be happy and prosperous
by letting the government take care of him,
better take a closer look at the American Indian."
- Henry Ford
o
"Hurricane Helene Exposes a Deep Betrayal of America"
by Justin Smith
"Americans across several states are suffering and attempting to survive under unimaginably harsh conditions, without food and water, in that aftermath of Hurricane Helene which tore across ten states in the Southeast last week, leaving a path of destruction in its wake. And a week later, these people have found that they are largely on their own, as all the real help that has arrived has come through the efforts of individuals and nonprofit groups such as Samaritan Purse, Mountain Mule Packers Ranch, Save Our Allies and Aerial Recovery, which has exposed the fact — to anyone who didn’t already know — that the Biden regime doesn’t give a good damn about them, as Biden and his minions have engaged in not just dereliction of duty but the worst betrayal of the American people ever witnessed, since the birth of the nation.
Joe Biden, the placeholder-in-chief, showed up in Georgia [10-3-24] to give lip-service to the disaster and made promises of money to come, some twenty million dollars, and a recovery that will supposedly be totally undertaken by the federal government. No one should hold their breath waiting on that help to arrive, but if it does, they can bet the farm it will come with the intent of helping Biden special interest groups and supporters first.
Americans should note: $20 million for the victims of Helene and well over $640 million for illegal aliens and approximately $180 BILLION for Ukraine. When does THIS Damned MADNESS Stop!?!
It’s an astounding matter that despite assertions of nineteen thousand National Guardsmen and FEMA workers already being on the ground in those states most severely affected, from Florida to Tennessee and Georgia and on to the horrific situation near Asheville, North Carolina, no one can find them, as FEMA workers are simply sitting in their trucks and sending out mass emails with an app for the victims of Helene to use to apply for financial help, rebuilding their homes, and most importantly finding a way to have food and water and medicines sent their way as soon as possible — THIS in areas where there currently isn’t electricity or any cellphone reception and internet.
It’s a curious thing to witness this tragic situation compounded by the inaction of the federal government and federal workers, agencies and the U.S. military all missing in action as the victims keep asking where all these mysterious government workers are supposedly delivering aid and much needed necessities to anyone. Where is the federal government? No one has seen much of an inkling from it yet.
For survivors in the Asheville, North Carolina area, Mountain Mule Packer Ranch has left this number — 910-885-1402 — for anyone who knows of specific needs and areas where they can be of assistance with their mule trains.
The military should have been brought up immediately and released under Title 10 to immediately render aid throughout all regions devasted by Hurricane Helene which has killed over 224 people and counting to date, with thousands of more people missing and their whereabouts unaccounted, especially with Ft Bragg right there in North Carolina and Ft Benning in Georgia. Several individual volunteers like John Howard, with Aerial Recovery, have told of speaking with various military units that were on the ground but awaiting authorization and orders to release them to act, including two Air Force helicopters that were simply sitting idle at the Asheville Airport.
This is beyond unconscionable once one considers that the 82nd Airborne can be up and on their way to any hotspot in the world between eight and eighteen hours. It’s simply a lack of a president and any leadership in the federal government, as one should note that in 1990, a brigade of the 82nd Airborne was deployed to Saudi Arabia after Iraq’s invasion of Kuwait in less than three days, followed by all the armaments of a full division, including light armor, within the week.
However, in one case, where FEMA and National Guardsmen are found, “they are getting in the way” as told to Fox News on October 2nd 2024 by Tim Kennedy, a relief volunteer, who had gathered survivors in his ongoing efforts to find them shelter. He explained how he and these survivors were turned away from one hotel after being told it was completely booked by federal employees. These employees have the weight of the government behind them and don’t need to worry about how their next meal is going to be found; if anything, they should be sleeping in tents and eating MREs [known as C-rations in my day].
Adding insult to injury, all America heard Joe Biden say his regime has “done all we can do” in regard to this crisis and the misery the victims of Hurricane Helene are enduring, as the Secretary of Homeland Security, Alejandro Mayorkas — the biggest anti-American traitor next to Biden — told the country that the money for FEMA to respond had simply run out for the fiscal year, after FEMA has spent more than $1.4 BILLION since the fall of 2022 to provide necessities for illegal alien invaders. There remain billions of U.S. taxpayers’ dollars setting dormant in other programs, especially those associated with covid that could be taken for this national emergency, and yet, everyone who could do something simply refuses to take effective, efficient and proper action.
But goddamned if they don’t pull out all stops to find financing for homes, food and clothing for illegal alien invaders, who are murdering our sons and daughters as we speak and spit on our American flag, and two wars approximately six thousand miles away each, while Vice-President Harris parties in L.A. with Hollywood celebrities in order to beg campaign funds.
As recently noted by Stephen Miller, of America First Legal, the FEMA Emergency Food and Shelter Program has been reshaped to primarily provide funding to illegal aliens encountered by the Border Patrol and ICE at the southern border, in spite of the fact it was originally created to help only U.S. citizens. In one post, he asserts that $685 million of U.S. taxpayer dollars have been diverted to aid illegal aliens, as FEMA’a own website acknowledges spending $640 million on “noncitizen migrant arrivals”. https://www.fema.gov/es/node/683797
Miller added: “Over the last four years, the Biden administration has steadily transformed FEMA — the agency responsible for responding to natural disasters like Hurricane Helene — into an illegal alien resettlement agency that emphasizes DEI over public safety.”
Florida’s Attorney General, Ashley Moody obviously agrees with Miller and others who see this treason unfolding, as she recently told Fox News: Americans should be ‘outraged’ over Mayorkas’ comments on FEMA funds: https://www.foxnews.com/media/all-americans-outraged-mayorkas-comments-lack-fema-funds-florida-ag-moody
“This is not something that has just happened recently. Florida’s been warning about this since this administration took over. Mayorkas has come in like a virus and infected these — what need to be healthy, strong, fundamental programs to ensure the stability and safety of Americans in times of disaster. So you heard, they have taken the FEMA emergency food and shelter program and over time, siphoned off hundreds of millions of dollars into basically making it an illegal immigrant resettlement program [which will only encourage more illegal alien invaders to come]. Biden and Harris are having to fund that on the backs of the American people. And now, right now, in Florida, North Carolina, Tennessee, Georgia, all of these states are hurting.
Adding more insult to more injury, Kamala recently stated that FEMA would distribute $750 in relief funds to all people in the devasted areas with immediate needs. But one North Carolina went on the internet to succinctly tell her what she can do with that paltry sum, in part stating: “North Carolina flood victim: Kamala Harris, we don’t want you here. We don’t want your party here in North Carolina. If you’re a Democrat and you live in North Carolina, good for you. But this woman is given illegal immigration, patients, more rights to be entitled to be called American, thousands of dollars in food stamps, loads of money in their pockets, and she’s going to give the people in the mountains $750 dollars. You can take that money and go wipe your ass with it, Kamala.”
There remains a little matter of the $20 billion boost Congress gave to FEMA in September’s temporary funding bill that was signed into law by Biden. This must be solely used strictly for U.S. citizens only and relief for all currently living in unbelievable misery as they wonder when the will receive their next meal or enough fresh drinking water to make it through each day. Whether the anti-American traitorous Joe Biden and his vile, traitorous henchman Alejandros Mayorkas will do so is an entirely different matter that remains to be seen, which I see as unlikely, since this Biden regime appears intent on making life in general just as hard and miserable for the American public as it possibly can.
These traitorous criminals are using the federal treasury as their own slush fund to finance every single one of their destructive, anti-American agendas and policies, as they keep passing and attempting to pass two or three trillion dollar omnibus bills without any real oversight to later disappear in the pockets of their Marxist-Maoist cronies here and abroad. Everybody and his brother get taken care of by this regime, if they are a red, radical communist or some damned anti-American foreigner willing to come to America as the Democrat Party Communists’ foot soldiers, much as we should expect the 1.7 million illegal aliens with Islamic terror ties currently floating across the country unrestrained and free to wreak havoc at the drop of a hat.
It’s a good damned thing that there are still many great Americans who can be found in this country willing to help one another in their direst times of need, because the federal response has been one monumental failure in this instance, whether due to intent or a lack of a sense of urgency and apathy, as in “we’ll get there when we get there”. This moment should serve as a wakeup call that we are living in a rudderless nation and, in times of emergency and real need, we can only look to ourselves to save each other and our families, because any regime led by the Democratic Party Communists certainly will not be overly concerned if we live or die, since they have their pick of Third World illegals to import to America on the taxpayers’ dime.
If this hasn’t been one of the worst cases of a betrayal of America and treason in all U.S. history, I don’t know what else one can call it, other than a crime against all Americans that should be punishable by life imprisonment at the least but in fact with the death penalty."
They don't give a damn about us...
Oh, but $180 billion for Ukraine, countless billions for Israel...
o
"Where Your Gaze Lingers..."
“Sometimes fate is like a small sandstorm that keeps changing directions. You change direction but the sandstorm chases you. You turn again, but the storm adjusts. Over and over you play this out, like some ominous dance with death just before dawn. Why? Because this storm isn’t something that has nothing to do with you, this storm is you. Something inside you. So all you can do is give in to it, step right inside the storm, closing your eyes and plugging up your ears so the sand doesn’t get in, and walk through it, step by step. There’s no sun there, no moon, no direction, no sense of time. Just fine white sand swirling up the sky like pulverized bones.
You have to look! That’s another one of the rules. Closing your eyes isn’t going to change anything. Nothing’s going to disappear just because you can’t see what going on. In fact, things will be even worse the next time you open your eyes. That’s the kind of world we live in. Keep your eyes wide open. Only a coward closes his eyes. Closing your eyes and plugging up your ears won’t make time stand still.”
- Haruki Murakami
“Closing your eyes won’t make the awfulness go away. It may be that nothing will. But dwelling on it, dreading the evil, playing out the misery in your head – doesn’t this feed the monster? You can’t close your eyes to life, but you can choose where your gaze lingers.”
- Richelle E. Goodrich
"The Soul of Liberty"
"The landing of Roger Williams in 1636" by Alonzo Chappel
"The Soul of Liberty"
by Addison Wiggin
“Human nature being what it is in the world is always going
to face challenges, especially in preserving freedom.”
- Steve Forbes
"A short history lesson. In 1636 the English-born American theologian Roger Williams landed in what is now the state of Rhode Island. Having fled the Puritan-led Massachusetts colony, Roger Williams founded a city upon a hill and called it Providence. The new town’s mantra: Hope.
Simple, resounding, and looking to the future. Full of hope, Roger Williams created Providence on the grounds that: "No person within the said colony, at any time hereafter, shall be in any wise molested, punished, disquieted, or called in question, for any differences in opinion, in matter of religion, who do not actually disturb the civil peace of our said colony; but that all and every person and persons may, from time to time, and at all times hereafter, freely and fully have and enjoy his own and their own judgments and consciences, in matters of religious concernments, throughout the tract of land hereafter mentioned, they behaving themselves peaceably and quietly and not using this liberty to licentiousness and profaneness, nor to the civil injury or outward disturbance of others."
He called it “soul freedom.” At the time it was the largest liberty event in the New World, setting the standard in our blessed Thirteen Colonies for what civil liberties in America should look like – not to mention his fair treatment of the native peoples.
Almost a century later the First Amendment of the Constitution of the United States of America echoed Williams’ declarations, reading: "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances."
By now we have the First memorized… If you don’t, you ought to, for it is our God-given, Madison-written, Franklin-scrawled right!"
"The Misconception of the 'Man of System'"
"The Misconception of the 'Man of System'"
by Jeff Thomas
"In 1759, Scotsman Adam Smith, who is widely regarded as the world’s first true economist, published his first great work, "The Theory of Moral Sentiments." In it, he postulated that all social evolution can be attributed to "individual human action," as opposed to "individual human design." By this, he meant that whatever understanding worked well between any two people was likely to lead to progress. The reason for this was that such agreements would, of necessity, be based upon "trust and empathy."
He believed that, if mankind were left alone to sort out all commerce and other interaction on their own, using truth and empathy, they’d succeed at moving the society forward. He further postulated that, historically, the failure to progress could be attributed to what he termed to be the "Man of System."
The Man of System was any individual who believed that he knew what was best for others and sought to impose his system (from the top, down) on the population, whether they agreed or not. Mister Smith felt that the failing in all such systems was the same – that the Man of System was dangerous for two reasons. First, the Man of System believed that he knew more than he was actually capable of knowing. Second, the Man assumed that, if he simply dictated human action, the individuals in question would comply – much like pieces being moved around on a chessboard. In his supposition, Adam Smith succinctly described the central failing of all of those who seek to establish controls over their fellow men, based upon their own personal vision.
We see this in all walks of life. It exists in a religious leader who enforces his own version of morality on his parishioners, insisting that those who fail to follow his interpretation of morality will face damnation. We see it in teachers, who focus more on learning historical facts by rote than in understanding the underlying causes of history. And, of course, we see it in political leaders who focus on one "ism" or another, through which they believe a society can be forced to obey, thereby to create a "greater good" for all.
So, do these individuals truly believe in the overall vision that they attempt to force on others, or do they simply find it expedient to pretend that this is their belief, as it provides them with the leverage to lord over others?
In some cases, it may be the former and in some cases it may be the latter. In still other cases, it may be both. But the answer matters little. What is significant is that the Man of System seeks to pervert the natural function of human action and fails to understand that, never in history, has this approach to order truly succeeded. Invariably it fails, due to the fact that people, no matter what level of controls are placed upon them, will always seek to think and act independently of any system of diktat.
Subsequent to the publication of his first book, Adam Smith focused on the way forward for societies if they were to succeed in expanding themselves socially and monetarily. He published his conclusions in his second book, "The Wealth of Nations," in 1776. This was a fortuitous date, as the book had a major influence on those in America who would become the founding fathers of the United States.
They agreed with the Smithian principles that wealth is created by individuals, operating in their own self-interest, and that this is achieved through the understanding that empathy for others was required in order to earn the trust of others. Trust was required in order for others to voluntarily choose to engage, socially and in commerce. The founding fathers of the US chose to minimize the role of government and to rely on free enterprise to be the engine of the nascent nation.
By contrast, the French Revolution, which was inspired by the success of the American Revolution, took a decidedly different turn. The French people were aware of Adam Smith’s books, and he was, in fact, a respected celebrity in Paris. However, the leaders of the French Revolution, having promised social and economic freedom, betrayed the French people and delivered a new regime that echoed the old one. The French traded one "Man of System" for another. After a brief period of chaos and bloodshed, they once again lost their freedom to autocracy.
The Smithian principle is based upon voluntary exchange – a free market, from the bottom up, not the top down. In it, each creator of goods chooses to create, not that which he most wishes to create, but that which is most likely to be salable to others. Similarly, he recognizes that he must produce it for a price that others are prepared to pay and in no greater amounts that they are prepared to buy. Increased demand may tend to raise the price being asked, but higher prices will inspire others to compete. Their production inevitably creates a balance between demand, availability and prices.
The free market, therefore, satisfies the provision of goods, the volume of goods available and the prices of goods. No one is forced to produce. No one is forced to buy. It’s an entirely self-sustaining and endlessly self-renewing process. In a free-market system, there are no top-down controls by legislators or regulators. In a top-down system, attempts are made to dictate quotas and prices and apply taxation. All are counter-productive.
This "natural liberty," as Mister Smith termed it, is invariably destroyed to a greater or lesser degree by outside forces, such as governments and trade unions. They seek to dictate prices and impose quotas, tariffs and taxation. Not only do these entities not have the ability to regulate every individual agreement between any two parties, they invariably fall prey to corruption – giving rise to cronyism, monopolies and insider deals. Government is therefore the very worst of Man of System and, in fact, is ultimately the destroyer of free enterprise.
All governments, in every era, wrestle with the question of, to what degree they should intervene in commerce in order to maximise the wealth of the country. Regardless as to whether they are sincere in their deliberations, the fatal flaw is that the answer – one that they cannot accept – is: none.
In modern times, free enterprise (i.e., capitalism) has been blamed for impoverishment, over-pricing, inadequate quality of goods and more. Yet a true free market corrects these problems. These problems, which are only too real, are the product of a century of governmental regulation of and interference in the free market. We may criticize the free market, yet we have never actually lived in a free-market system. The successful government does not need to do good things for you; it only needs to cease doing bad things to you.
We are living through one of the most turbulent times in U.S. history, and the 2024 election is shaping up to be the most critical of our lifetime. The storm clouds are gathering - financial collapse, political upheaval, and social unrest are all converging."
Freely download "The Wealth of Nations," by Adam Smith, here:
"Hurricane Milton 10/7/24"
Full screen recommended.
Dan, I Allegedly, 1/7/24
"Is This The Big One?"
Comments here:
o
Full screen recommended.
Max Velocity - Severe Weather Center, 10/7/24
"Live Stream: Hurricane Milton Becomes Category 5 Hurricane -
Catastrophic Impacts Expected In Florida"
Comments here:
Bill Bonner, "Taking the L"
"Taking the L"
The money system was changed in 1971, providing the US
with a ‘credit money’ that didn’t have to be earned, mined or saved.
by Bill Bonner
Rhinebeck, New York - "As if awakening from a long, pleasing dream... and rubbing the sleep from their eyes... at last, America’s mainstream newshounds are beginning to notice that debt is not such a good thing. The Fed keeps its key lending rates too low for too long. They say it is to boost the economy. Instead, it has the opposite effect; it slows down growth and makes people poorer. Fortune: "Americans are so indebted that it’s holding back the economy." "While government debt has been dominating the news, there is far more private debt than public debt in the economy - and it represents the greater economic challenge. As of year-end 2022, public debt totaled 123% of GDP, while private sector debt totaled 165%.
The level of private debt–student debt, mortgage debt, small business debt, and more–has more than doubled as a percentage of GDP since 1980. It stifles economic growth because it burdens individuals and businesses. In fact, debt has been consistently growing faster than GDP, which means that the burden on the private sector is almost always increasing."
Debt can be employed productively. In fact, an economy can’t function without debt. Yet debt is a paradox: its overuse can bring harm - and even disaster. So far, so good... the more debt you have, the less of your current income you can spend or invest. But then, the poor journalist gets into the deep end of the pool... and sinks. ‘How come debt got so big,’ he must have asked himself. And he comes up with a cockamamie answer:
"Debt grows because it takes new debt to grow the economy. If you want to build a new house or buy a new car, you can either spend proportionately less on something else, which means the overall GDP won’t grow, or you can borrow the money. Reducing spending to save in order to make the purchase reduces GDP during the period in which you save. If your employer increases your pay and therefore gives you more to spend, you can use that to grow the economy–but those earnings essentially are predicated on someone else’s debt growth."
Oh my... will someone please throw this fellow a life preserver! He believes that economies only grow thanks to borrowed money. If that were so, debt would grow bigger and bigger, until the feds had to ‘do something.’
"Increased debt, especially private sector debt, is fundamental to economic growth–but it mounts up over time. In the absence of a drastic reconfiguration of economic life, debt growth is essentially perpetual. Total debt–private debt and government debt added together–has grown from 142% of GDP in 1950 to a mind boggling 294% today. The inexorable march of debt may well be the most important economic factor in our lifetime. It underscores the need for new approaches in addressing this unbridled debt."
New approaches? In an honest economy, people borrow... but they also pay back what they borrowed. Debt and output are linked together, like two oxen pulling a plow. One never gets too far ahead of the other. In the US, the level of total debt to GDP was fairly low and fairly constant for the first thirty years after WWII. That’s what you would expect. Debt rises with output. More people borrow more money... and more people pay it back. Also, during those thirty years, the economy grew twice as fast as today – with no increase in the debt/GDP ratio.
As people earned more money (higher GDP), they had more money to save... leading to more money to borrow. Credit (debt) came from savings. And savings came from output. People had to earn more money (GDP) and save it, before other people could borrow it.
The money system was changed in 1971, providing the US with a ‘credit money’ that didn’t have to be earned, mined or saved. And then, the Fed in its wisdom decided that it would boost GDP by lending this new, fake money at artificially low interest rates. And since these faux savings were being lent at faux and falling interest rates, borrowers didn’t have to pay back... .they just refinanced, and borrowed more.
None of this seems to have occurred to Fortune. Rather than fix the system properly... by insisting on honest money and honest interest rates, the magazine proposes to use duct tape and baling twine. Student debt would be erased by simply forgiving it... requiring instead that debtors do ‘community service.’ In other words, taxpayers would take the loss. The plan for mortgage debt involves restructuring loans. The program’s particulars were unclear... but the gist of them is to lighten the load on the borrowers at the expense of the lenders.
Fortune goes on to suggest changes to bankruptcy and federal tax laws, which may or may not be helpful. But the basic problem is that if the borrowers don’t pay their loans back, someone else will have to take the loss - either the lender (default)... the taxpayer (bailouts)... or the general public (inflation). In every case, losses don’t vanish; they just get moved around...from the people who deserve them, to the people who don’t."
Adventures with Danno, "We Need To Discuss This, Get Prepared"
Adventures with Danno, AM 10/7/24
"We Need To Discuss This, Get Prepared"
Comments here:
Gregory Mannarino, "Your Standard Of Living Is Rapidly Disappearing, And It's About To Get A Lot Worse"
Gregory Mannarino, AM 10/7/24
"Your Standard Of Living Is Rapidly Disappearing,
And It's About To Get A Lot Worse"
Comments here:
Jim Kunstler, "Like a Prayer"
"Like a Prayer"
By Jim Kunstler
“Whether it’s Facebook or Twitter or X or Instagram or TikTok, whatever
they are, if they don’t moderate and monitor the content we lose total control..."
- Hillary Clinton
“We lose total control...” she said. Perhaps when you heard that you thought, “What do you mean ‘we,’ Kemosabe?”
You have also known for some time now, that Hillary is exactly the something wicked that has been coming this way for many years now, to the siren song of the cable news harpies shrieking Trump Trump Trump...Putin Putin Putin at all hours, day and night, month after dreary month, and all the other avatars of ruin pretending to run the life of our nation. But this utterance begs enough questions to keep Chat GDP vexed and perplexed for the rest of its unnatural life: We lose total control...?
Yes, as matter of fact, you do. This might be a book tour too far for Mrs. Clinton and her claque, now that her basket of deplorables shivers in the cold and dark out in Appalachia amid the stink of their kinfolks’ uncollected corpses. The Party of Chaos has managed to piss-off the most ferocious demographic in the land, the wild and cross-grained Scotch-Irish who populate those devastated hills and hollows of Western Carolina and East Tennessee, the people who, for generations, were first to volunteer to fight in America’s wars, the Sargent Yorks, the moonshiners and the stock car heroes, the Johnson Boys, Boones and Crocketts, Hatfields and McCoys, the very warp and woof of our folklore, half horse and half alligator, born fighting. And now you and your gang of wine-club harpies, Beltway mezzofinukes, Hollywood Satan-conjurors, Hamptons charity-hags, globe-trotting errand boys, color revolution maestros, race hustlers, drag queens, lawfare shysters, spooks, cut-outs, beach friends, and grifters has gone and pissed these folks off royally.
My guess would be that you have not begun to see the repercussions of the Hurricane Helene fiasco, which will resound far from the gates of Dollywood for years to come. I hope Alejandro Mayorkas enjoys the waffle-weave sweater he picked up in a Georgetown boutique on Saturday while the dazed people of Buncombe County, NC, stumbled dazed through a shattered landscape of creek-bed and forest scraped down to little more than what their ancestors first came upon in the 1760s. It may have to last him through the term he serves in federal prison when this is all over. And by this, I mean mainly the reign of this wicked regime he's a major player in, with its claws slipping off the levers of power. Do you really suppose that America will elect the empty pant-suit Kamala Harris to front for this depraved cabal?
Remember what the Romanians did to Madame Ceaușescu on Christmas day in 1989, when she and her husband Nicolae, erstwhile president of that sore-beset country, just liberated from decades of communist captivity, were summarily tried by a provisional court after attempting to flee. I’ll tell you: they trussed the two of them up like a couple of Carpathian wild hogs (Sus scrofa), and hauled them before a firing squad. Which is not exactly to say that the United States is like Romania, but that such things happen surprisingly in formerly quiescent places. The people hated her as much, perhaps even more, than her despot husband. Just sayin’.
Why exactly Hillary Clinton would be dumb enough to come out on every news channel and Internet site on Gawd’s green earth to declare the end of free speech throughout Western Civ might remain one of those abiding mysteries of history. Bad timing doesn’t begin to explain it. What does explain it is the psychotic desperation of her party now that the days to election dwindle down and the pathetic figure they “nominated” stumbles from one campaign blunder to the next, and the whole sick crew behind her entertains dark visions of courtrooms and prison cells - including, by the way, her cohort in nation-wrecking Barack Obama, who could be liable to charges such as conspiracy to commit sedition, or even a higher crime, if the election goes the wrong way for him. You might suppose they are fighting for their very lives without being accused of exaggeration.
In the event of Hurricane Helena and other churning contingencies of the season, Mr. Trump is not only looking more presidential, he is apparently being regarded as something close to an actual acting president in the eerie absence of “Joe Biden,” who looks more and more like one of those three-hundred-dollar Home Depot animatronic ghouls Americans are planting in the front yard this season of the walking dead, along with the giant inflated jack-o-lanterns, beckoning skeletons, and plastic tombstones. In other words, it looks like the people are going to vote Mr. Trump back into office, since he is the only thing the least bit presidential on offer in 2024. Even the Covid-addled, the many new demoralized Woke drop-outs, and the beaten-down male youth of America are leaning his way now and it scares the Democrats down to their livers and lights.
Accordingly, I received notice late Sunday from an informant in commercial aviation, with connections to military aviation, that a massive deployment of aircraft is preparing logistics for a major operation set to go down in about a week, probably in the Middle East. I can’t guarantee you that it is for real, but it was a real warning message, at least, from a serious person, and you know that something could be up, some humdinger of an October Surprise, like a big fat world war. What else have they got now? Jack Smith’s lame-ass attempt to beef-up an “insurrection” charge against Mr. Trump in Judge Chutkan’s abject facsimile of a federal court? Everything else has been fail, fail, fail all year long...the head-cases with rifles...all the other court cases contrived by Merrick Garland, Andrew Weissmann, Norm Eisen, and Mary McCord...the ineffectual bleatings of The New York Times’s editorial board? They’re plum out of tricks and they know it. So, yes, Hillary. You lose total control. Totally. For now and forever, amen."
o
If you insist...
Madonna, "Like A Prayer"
"The Worst Storm Of The Year Is Coming"
Full screen recommended.
Max Velocity - Severe Weather Center, 10/7/24
"The Worst Storm Of The Year Is Coming"
"In this forecast, we are breaking down Hurricane Milton. A major hurricane is expected today and Florida will experience major impacts on Wednesday and Thursday. This includes storm surge, hurricane-force winds, prolific rainfall, and perhaps a few tornadoes. Florida will be the greatest impacted by whatever develops over the next few days."
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"Economic Market Snapshot 10/7/24"
"Economic Market Snapshot 10/7/24"
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Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
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"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:
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Comprehensive, essential truth.
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Financial Stress Index
"The OFR Financial Stress Index (OFR FSI) is a daily market-based snapshot of stress in global financial markets. It is constructed from 33 financial market variables, such as yield spreads, valuation measures, and interest rates. The OFR FSI is positive when stress levels are above average, and negative when stress levels are below average. The OFR FSI incorporates five categories of indicators: credit, equity valuation, funding, safe assets and volatility. The FSI shows stress contributions by three regions: United States, other advanced economies, and emerging markets."
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Job cuts and much more.
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Commentary, highly recommended:
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"The more I see of the monied classes,
the better I understand the guillotine."
- George Bernard Shaw
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Oh yeah... beyond words. Any I know anyway...
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And now... The End Game...
o
Sunday, October 6, 2024
Jeremiah Babe, "The Destruction Is Massive, America Is Not Prepared For What's Coming Next"
Jeremiah Babe, 10/6/24
"The Destruction Is Massive,
America Is Not Prepared For What's Coming Next"
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