Tuesday, November 5, 2024

"A Look to the Heavens"

“Near the outskirts of the Small Magellanic Cloud, a satellite galaxy some 200 thousand light-years distant, lies 5 million year young star cluster NGC 602. Surrounded by natal gas and dust, NGC 602 is featured in this stunning Hubble image of the region.
Fantastic ridges and swept back shapes strongly suggest that energetic radiation and shock waves from NGC 602's massive young stars have eroded the dusty material and triggered a progression of star formation moving away from the cluster's center. At the estimated distance of the Small Magellanic Cloud, the picture spans about 200 light-years, but a tantalizing assortment of background galaxies are also visible in the sharp Hubble view. The background galaxies are hundreds of millions of light-years or more beyond NGC 602.”

“Now Is the Time of Monsters”

“Now Is the Time of Monsters”
by Jeff Thomas

“In ancient Rome, interregnum was the term given to the period between stable governments when anything untoward might occur, and sometimes did – civil unrest, warfare between warlords, power vacuums and, finally, succession wars. But eventually the dust would settle and the victors, whoever they might be, would at some point restabilize the empire, often with a new map, showing the latest lines of geographic possession.

In 1929, the Italian Antonio Gramsci was in a fascist prison, writing about what he considered to be a new interregnum – a Europe that was tearing itself apart. He anticipated civil unrest, war between nations and repeated changes in the lines of geographic possession. At that time, he was attributed as saying, “The old world is dying and the new world struggles to be born. Now is the time of monsters.”

And, of course, looking back from our vantage point in the twenty-first century, we have no difficulty in confirming that he was correct in his prognosis. The world war that followed brought forward the worst traits in mankind. The sociopaths of the world came center-stage. By the time the dust had settled, tens of millions were dead.

What we do have difficulty with is recognizing that the same pattern is again with us. National leaders and their advisors are spoiling for war, building up weaponry, creating senseless proxy wars in other nations’ backyards and playing a dangerous game of “chicken” with other major powers. This will not end well. It never does. Once the shoving-match has begun, it only escalates. At some point, whether it’s the false-flag assassination of an Archduke, as in World War I, or the false flag invasion of Germany by Poland, as in World War II, we can always count on some excuse being created to justify diving headlong into war.

It’s also true that, when empires get into economic trouble that’s too far gone for any viable solution, a trick that’s always employed by political leaders to keep the citizens from removing them from their seats of power, is to start a war. A people will, if they believe their homeland is in peril, accept the “temporary” removal of their freedoms. Even in the United States, the famed “Land of the Free,” political leaders have routinely imprisoned dissidents in times of warfare. People tend to get behind their leaders in wartime, no matter how undeserved that loyalty might be.

And so, now is the time of monsters, as Mr. Gramsci rightly stated. A time of uncertainty, when countries are in turmoil and would-be leaders are jostling for power with existing leaders. An interregnum.

Troubled times tend to bring out all the crazies – all the sociopathic-types that would find it hard to succeed in stable, prosperous times. In such times, the average person becomes worried that things are not going to turn out well. That’s perfectly understandable. Unfortunately, most people lack both the imagination and the courage to cope with how the times are impacting their lives. They instead rely on others to provide a torch that might help them escape from the darkness. Not surprising then, that every snake-oil salesman in town sees an opportunity to offer big promises – promises that he has neither the ability nor the inclination to fulfill.

At such times, the people of a country tend to become polarized, placing their faith in one political party or another, hoping that their party will “make the bad stuff go away.” In the US we see, on the liberal side, promises for “free health care for all,” a guaranteed basic income, housing for those who cannot afford it, and an endless stream of promises that, if the government were to implement them all, they will not be able to pay for them, even with 100% taxation from those who presently pay tax.

On the conservative side, we see promises such as “Make America Great Again,” with tax rebates that do not rejuvenate the economy, breaks for firms that have expatriated, but do not fool them into returning, claims to cut budgets, only to increase them, and promises to eliminate debt, only to expand it.

We see presidential elections in which one of the two leading candidates is a textbook narcissist, whilst the other displayed all the traits of senility. And we see a waitress elected to Congress by a substantial margin, raised to the status of heroine merely for promising all things to all people, whilst offering no plan as to how that might come about. Record numbers of candidates pour into the political arena, seeking a last grab at power prior to systemic failure.

To be fair, the US is by no means alone in delivering incapable people with nonsensical solutions to the higher offices. In the UK, each leading party states emphatically that the other party would be a disaster, yet neither party can come up with a working alternative. What they can do, as in America, is point fingers and shout invectives at each other.

In France, whilst the disconnected president essentially says, “Let them eat cake,” serving only to create further fury on the street. To be sure, the problem begins at the top. But it doesn’t end there. It sifts down to the proletariat, who, unable to come up with constructive solutions, create their own monsters, trashing the shops and burning the cars of people who had no hand in creating the problem.

But surely this is just a one-off phase, in which the best and brightest are temporarily pushed offstage, but will soon return, yes? Well, unfortunately, no. Historically, a period such as this one is followed by one of increased madness. Historically, the next step is societal breakdown. Riots, secessions and revolutions become commonplace, accompanied by economic collapse.

Out of these events come the worst monsters of all. It’s in the wake of such developments that the people of any country then turn away from those that made the empty promises and toward those who promise revenge against an ill-defined group who are characterized as having caused the problems. That’s when the Robespierres, the Lenins, the Hitlers – the greatest monsters – are swept into power. They invariably deliver the same message – that they’ll seek out the aristocracy, the gentry, the patricians, and strip them of their positions and possessions.

Invariably the way that this shakes out is not that the average man rises up, taking his “fair share” of the spoils. Instead, the leaders take the spoils and the proletariat are reduced to an equality of poverty. Our friend Mr. Gramsci found himself imprisoned by Benito Mussolini and died from illnesses incurred in prison. Unfortunately, his approach was to complain, but remain, as his country deteriorated around him. This proved, for him, to be the worst of choices. And, so it is today.”

"How Andrew Jackson Freed America From Central Bank Control - and Why It Matters Now"

"How Andrew Jackson Freed America From 
Central Bank Control - and Why It Matters Now"
by Nick Giambruno

"It’s hard to believe the United States government was ever debt-free. But it happened once - in 1835 - thanks to President Andrew Jackson. He was the first and only president to pay off the national debt completely. One biographer says the former president viewed debt as a "moral failing," a sort of "black magic." When he became president, Jackson was determined to rid the US of its national debt. After all, debt enslaves you to your creditors. Jackson knew that being debt-free was essential to independence. This outlook resonated with many Americans back then.

With that in mind, Jackson attacked the institutions and powerful people who promoted and enabled the federal debt. This included the banking elites and the Second Bank of the United States, the country’s central bank at the time and precursor to today’s insidious Federal Reserve system. While campaigning against the evils of national debt and central banking, Jackson miraculously survived an assassination attempt when an assassin’s two pistols both misfired. Shadowy interests tied to the central bank were almost certainly behind the effort.

However, Jackson survived and went on to "End the Fed" of his days. He successfully bested the central bank - and the powerful interests behind it - and shut down the Second Bank of the United States. He also repaid the federal debt in full, which was no easy task.

Jackson couldn’t squeeze the American people with a federal income tax to repay the debt. It didn’t exist at the time and would have been unconstitutional. He also couldn’t simply print currency to pay off the debt. Perpetuating such an insane fraud - which the Fed does on a massive scale today - likely never entered his mind. Instead, Jackson had to rely on tax revenue from other sources, mainly import tariffs and excise taxes, to pay down the debt. He also drastically cut federal spending and frequently vetoed spending bills.

Jackson’s determination worked. By January 1835, the US was debt-free for the first time. Unfortunately, it didn’t last much more than a year. After that, the US would never again be debt-free - not even close.

Revenge of the Central Bankers: After Jackson succeeded in ending the Second Bank of the United States, anything associated with a central bank became deeply unpopular with the American public. So, central bank advocates tried a new branding strategy.

Rather than call their new central bank the "Third Bank of the United States," they went for a vague and boring name. They called it "the Federal Reserve" and managed to hide it from the average person in plain sight. As a result, over 100 years since its founding, most Americans have no idea what the Federal Reserve is or what it actually does.

Ironically, Jackson’s face has been on the $20 "Federal Reserve Note" since 1928. So in a sense, this symbolic move is central banking advocates giving the middle finger to one of their most steadfast opponents. After all, the Fed is really the "Third Bank of the United States." No doubt, Jackson would have been disturbed at having his face on its fake confetti money.

In any case, most Americans today have no idea who Jackson is, what he did, or why he did it. To the extent he is ever mentioned, the media, academia, and the rest of the establishment unjustly besmirch him as - you guessed it - a "racist."

That’s exactly what the Deep State - the permanently entrenched bureaucracy - wants. It doesn’t want the average citizen to understand why Jackson shut down the central bank and (temporarily) freed Americans from national debt bondage. Doing the same thing today would be a mortal threat to their power. This is one of the reasons the establishment will try in the coming years to replace Jackson on the $20 bill with the more politically-correct Harriet Tubman… pushing Jackson further down the memory hole.

Trillions and Trillions: You often hear the media, politicians, and financial analysts casually toss around the word "trillion" without appreciating what it means. A trillion is a massive, almost unfathomable number. The human brain has trouble understanding something so huge. So let me try to put it into perspective. Suppose you had a job that paid you $1 per second, or $3,600 per hour. That amounts to $86,400 per day and about $32 million per year. With that job, it would take you 31.5 years to earn a billion dollars. With that job, it would take you over 31,688 YEARS to earn a trillion dollars. So that’s how enormous a trillion is.

When politicians carelessly spend and print money measured in the trillions, you are in dangerous territory. And that is precisely what the Federal Reserve and the central banking system has enabled the US government to do. It took 146 years after Jackson fully paid off the debt in 1835 - or until 1981 - for the US government to rack up its first trillion in debt. The second trillion only took four years. After that, the next trillions came in increasingly shorter intervals.

Today, Congress has normalized multi-trillion dollar federal spending deficits. The US federal debt has gone parabolic and is scores of trillions. If you earned $1 per second, it would take over 1,131,261 YEARS to pay off the current US federal debt. And that’s with the unrealistic assumption that it would stop growing.

The US federal government has the largest debt in the history of the world. And it’s continuing to grow at a rapid, unstoppable pace. The debt will keep piling up as the US government continues to pay for political promises regardless of who sits in the White House. It’s virtually inevitable. The federal debt also represents an outrageous crime inflicted on the next generation. They are the ones who will be stuck with this massive unpaid bill from today’s spending, and it will turn them into indentured serfs.

It’s doubtful Congress considers this even for a second. They are always eager to send billions to faraway foreign lands or the latest boondoggle. Of course, this is not a groundbreaking revelation. People like Ron Paul have warned Americans about the dangers of the federal debt for a long time. It’s just that nobody has heeded these warnings. And no one has taken serious political action to address the problem. Nor is anyone likely to.

The interest expense on the federal debt is now larger than defense spending and is about to exceed Social Security to become the BIGGEST expenditure in the federal budget. And it won’t stop there. In short, the US government is approaching the financial endgame and can no longer disguise its bankruptcy.

If we step back and zoom out, the Big Picture is clear. We are likely on the cusp of a historic shift… and what’s coming next could change everything. When the next crisis comes - and I think it could be imminent - the US government will have no choice but to drag everyone down with them as they make a desperate wealth grab. We will likely see incredible volatility in the financial markets as thousands of businesses go bankrupt and inflation spirals out of control. It could decimate your life savings, 401(k)s, IRAs, pensions, and Social Security.

But I’m not just talking about a stock market crash or a currency collapse…It’s something much bigger… with the potential to alter the fabric of society forever. Is the 2024 US presidential election going to be where it all comes to a head? There’s an excellent chance that it will."
o

The Daily "Near You?"

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

"Wars and Rumors Of War"

Dialogue Works, 11/5/24
"Col. Larry Wilkerson: Netanyahu Fires Gallant! 
Israel’s Crisis Deepens: Losing Control on All Fronts"
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Judge Napolitano - Judging Freedom, 11/5/24
"Scott Ritter: Ukraine’s Done; Israel’s In Uproar"
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Times Of India, 11/5/24
"Israel Army 'Fails' In Lebanon; 
Withdraws Troops As Hezbollah Ambushes Get Lethal"
"Israel has reportedly withdrawn several brigades from southern Lebanon amid progress in efforts to reach a ceasefire with Hezbollah. Ynet News claimed that the Israel Army was hoping the ceasefire deal would materialize in the next 15 days. The development comes amid Hezbollah fighters trapping Israeli soldiers in lethal ambushes at the border."
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Full screen recommended.
Owen Jones, 11/5/24
"Israel Keeps Shooting Kids In The Head - 
And Its Cheerleaders Are Smearing Medics With The Evidence"
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Dan, I Allegedly, "The Chaos Economy Starts Today!"

Full screen recommended.
Dan, I Allegedly, 11/5/24
"The Chaos Economy Starts Today!"
"Nothing is working right now. People have no money. This is a lockdown economy. In today's video dives into the turbulent start of what I'm calling the "Chaos Economy." With everything from striking tech unions to high taxes crippling sports teams, it's clear that businesses are feeling the squeeze. Plus, we explore how everyday essentials have become luxury purchases for many families. With the economy shifting, it's critical to stay informed."
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"Election Day Options"

"Election Day Options"
By Paul Rosenberg

"Today is election day in America, and this time I’ll offer my opinions. I’m not endorsing anyone (the issues surrounding this year’s election are far larger than that) but I will contribute a few ideas. And to be very clear, I’m doing this for three distinct reasons: Because I love my neighbors; because I love the American people; and because the idea of America is far too important to lose.

On this last point, it’s worth remembering an old quote: England is a nation, France is a people, America is a willingness to believe. I’m writing this, especially, for those who believe.

The Facts On The Ground: As I’ve noted in our subscription letter, America is divided between 20 or 30 Blue cities and the rest of the country. The Blue cities are uber-political and the Red expanses are overwhelmingly peopled by those who build, grow, deliver and repair everything; or at least by those who aspire to such things.

Aside from observing every presidential election since 1968, over the past week or so I’ve spent three days in Blue cities and four days driving across several Red states. And my conclusion is this: There’s no way Ms. Harris wins this election without massive manipulation... worse-than-last-time manipulation. But there’s something afoot that’s even more important, which is this: The Western elite, many layers deep, have been utterly discredited over the past four years, and we all know it. This is the ambient in which today’s election takes place.

What I Recommend:
 If Trump Wins:
Blues: Do not break, burn and steal. If you do that, you’re defining yourself in a very ugly way. Examine why your champion lost. Examine why other people didn’t believe in her, but do this honestly, not by calling everyone else nasty names.

Reds: Redefine what you believe in. Get back to the idea of America. Read Jefferson, the Adamses and so on. Don’t read what other people said about them, but read them directly. (This will help.) Then get busy building that model. Do not get pulled into another QAnon trap: There aren’t any secret good guys riding in to save you. If you don’t do this yourself, it won’t happen.

If Harris Wins:
Blues: Understand that the radical Blue agenda will be a disaster for you. You’ll have to moderate or crash the system altogether. The bloom is off the radical rose, and if you fail to recognize it, things could get ugly.

Reds: If you think the new regime is illegitimate, say so. Be clear that you do not consent and that you will no longer “respect the office.” But do not use violence. If you no longer believe in the regime, just stop servicing the regime; nothing will make your point better than that.

In The End...What we want... what we need... is a civilized way of life. We need a country filled with decent, productive people who carry civilization within themselves, rather than fighting to enforce it upon one another. This is the goal, and we all need to see it."

"How It Really Will Be"

 

Bill Bonner, "Day of Reckoning"

"Day of Reckoning"
Debt piles up at the rate of $8+ billion per day; the day of reckoning comes 
closer. Day after day, the feds must finance and refinance more debt. 
Mathematically, there is no way this story ends well.
by Bill Bonner

"Consume my heart away; sick with desire
And fastened to a dying animal
It knows not what it is; and gather me
Into the artifice of eternity."
- W.B. Yeats

Baltimore, Maryland - "What is that smell? Rank. Revolting. It is as if a raccoon had gotten trapped somewhere under the floorboards and died. You can’t get rid of it... not without tearing the house apart. It’s the decay of the American ‘system’ - its economy and its society, fastened to the dying animal of politics.

In a few hours, the voters will deliver their verdict. A third of the public will shout for joy. Another third will say the election was stolen. And the other third, the best of the lot, will shrug.
Whatever the verdict, the punishment will be the same: the public will be hanged. And the stink won’t go away. Which is not to say there is no difference between the two suits. One might trigger WWIII; the other might not. One might hasten the coming debt crisis; the other might delay it.

But which is which? We don’t know. Neither do they. The odds are good that a Kamala victory will merely continue the slow strangulation of the US by its deep state elites, the wire biting deeper into the neck. While a Trump victory risks more sturm and drang…more unknowns…and more drama.

The problem, from an economic point of view, is that both are fastened to suicidal politics. Debt piles up at the rate of $8+ billion per day; the day of reckoning comes closer. Day after day, the feds must finance and refinance more debt. Mathematically, there is no way this story can end well. “All roads lead to inflation,” says Paul Tudor Jones.

And politically, the problem is that this kind of leadership - favoring more spending, more deficits, more control, more programs, more laws, more regulations, more inflation and more war - not only leads to more debt…it is out of step with what ‘The People’ really want. There is the real divide. Not between Republicans and Democrats, but between the common folk and the elites. James Nielson:

"The people happen to be strongly against open borders, take pride in their country’s heritage, resent having to pay through the nose for energy in order to fight “climate change,” greatly dislike getting bullied by gender activists who think “transwomen” convicted of crimes, among them rape, should be put in prisons for females, find utterly ridiculous all the fuss about pronouns, and much else besides."

They don’t like getting poorer either! But the deciders don’t care. The Wall Street Journal: "The Biden Economy Is ‘Glorious’ - if You’re Wealthy." If you listen to the headline hoggers and glib, zinger slingers, you have been lectured more than once about how great the Trump economy once was and how wonderful the Biden economy now is. ‘If only people would recognize it!’ continue the reports.

Paul Krugman, for example, says the phenomenon is a kind of ‘irrational gloominess,’ a failure to recognize how glorious the economy is... a syndrome that typically strikes the deplorables, and the ‘garbage’ people outside of the elites’ zip codes. For them, the economy isn’t so great; the WSJ continues: "Mr. Biden’s economy has been glorious - for affluent liberals. It’s been awful for the working class. Socioeconomic disparities have grown in recent years owing to the policies that were supposed to shrink them. The well-to-do got wealthier while the rest got poorer."

The Journal cites a Fed study, showing that people who earn less than $60,000 were able to increase spending since January 2018 by 7.9% - less than half as much as those earning more than $100,000 a year. As you go up the socio-economic ladder, the view gets better and better... but below the top rungs, it is stale and dark. 

Polls show, not by coincidence, that the more affluent and educated you are, the more likely you are to be ‘satisfied’ with Biden’s economy. Americans who own stocks are feeling good about the economy as they watch their 401(k)s and mutual funds grow. The S&P 500 index has surged by some 50% since January 2021. Ditto Americans who owned homes before interest rates rose in 2022 and may have refinanced at historically low interest rates. But others have seen inflation erode their wages and spending power. Those who can’t work from home are spending considerably more to fuel up. New home buyers are spending thousands more each month on mortgage payments than those who bought homes before Mr. Biden took office. It is no wonder the Establishment generally supports Kamala; she promises to keep the show on the road."

"15 Restaurant Chains Being Wiped Out By A Perfect Storm In 2024"

Full screen recommended.
Epic Economist,11/4/24
"15 Restaurant Chains Being Wiped Out
 By A Perfect Storm In 2024"

"This year, unprecedented challenges are decimating some of the most beloved dining spots across the nation. Rising costs, labor shortages, and changing consumer habits - each one alone could strain even the most resilient businesses. But when combined, they create a devastating perfect storm, wiping out chains and family-owned favorites alike.

Americans are changing their dining habits, and it’s hitting the industry really hard. With inflation squeezing every dollar, more people are choosing to eat at home, leaving restaurants across the nation fighting for survival. Visits to sit-down restaurants dropped nearly five percent in just one year, and even the most popular chains in the country are feeling the pain. Take New York City, for example - over 40 bars and restaurants shut down in just two months, while others struggle to stay open, still reeling from the fallout of 2020. All across the nation, empty seats are becoming the new norm.

As we count down the 15 restaurants most at risk, brace yourself: some of these names may surprise you, and others might be places you thought would stand the test of time. These companies are being forced to close locations, struggling with financial pressure, and grappling with a consumer landscape that may never be the same. Stay tuned to see which familiar names could disappear next. Without further ado, here are 15 Restaurant Chains Being Wiped Out By A Perfect Storm In 2024."
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Full screen recommended.
Rico E, 11/4/24
"Why Wendy’s is Closing 240 Stores: 
The Decline of Customer Service and Quality in Fast Food Chains"
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Adventures With Danno, "America Is About To Change Forever...Listen Carefully"

Adventures With Danno, 11/5/24
"America Is About To Change Forever...
Listen Carefully"
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Canadian Prepper, "Buckle Up, It's Gonna Get Ugly"

Canadian Prepper, 11/5/24
"Buckle Up, It's Gonna Get Ugly"
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Monday, November 4, 2024

Musical Interlude: Josh Groban, "You Are Loved (Don't Give Up)"

Full screen recommended.
Josh Groban, "You Are Loved (Don't Give Up)"

"A Look to the Heavens"

“From Sagittarius to Carina, the Milky Way Galaxy shines in this dark night sky above planet Earth’s lush island paradise of Mangaia. Familiar to denizens of the southern hemisphere, the gorgeous skyscape includes the bulging galactic center at the upper left and bright stars Alpha and Beta Centauri just right of center. About 10 kilometers wide, volcanic Mangaia is the southernmost of the Cook Islands. Geologists estimate that at 18 million years old it is the oldest island in the Pacific Ocean.
Of course, the Milky Way is somewhat older, with the galaxy’s oldest stars estimated to be over 13 billion years old. (Editor’s note: This image holds the distinction of being selected as winner in the Royal Observatory, Greenwich, Astronomy Photographer of the Year competition in the Earth and Space category.)“

"Heaven And Hell..."

Many people don’t fear a hell after this life and that’s because hell is on this earth, in this life. In this life there are many forms of hell that people walk through, sometimes for a day, sometimes for years, sometimes it doesn’t end. The kind of hell that doesn’t burn your skin; but burns your soul. The kind of hell that people can’t see; but the flames lap at your spirit. Heaven is a place on earth, too! It’s where you feel freedom, where you’re not afraid. No more chains. And you hear your soul laughing.”
- C. JoyBell C.
o
John Milton, 
o
“Hell is empty and all the devils are here.”
- William Shakespeare, "The Tempest"

"The Only Final Sin..."

"In a closed society where everybody’s guilty, the only crime is 
getting caught. In a world of thieves, the only final sin is stupidity."
- Hunter S. Thompson

Adventures With Danno, "Listeria: This is Hard To Explain, Here We Go"

Adventures With Danno, PM 11/4/24
"Listeria: This is Hard To Explain, Here We Go"
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Dan, I Allegedly, "Don't Let Them Rip You Off"

Full screen recommended.
Dan, I Allegedly, 11/4/24
"Don't Let Them Rip You Off"
"Discover the hidden cost of your insurance policy in this eye-opening video! I'm Dan, and today, I share a personal experience that could save you thousands. When my son totaled his car, I noticed a sneaky insurance tactic that almost cost us $2,000. I dive into the details of how insurance companies might try to clip you and what you can do to protect yourself. From shady insurance practices to data breaches affecting public housing, we cover it all."
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Jeremiah Babe, "Warning! This Is The Calm Before The Storm - Tuesday Night Chaos"

Jeremiah Babe, 11/4/24
"Warning! This Is The Calm Before The Storm - 
Tuesday Night Chaos"
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The Daily "Near You?"

Keaau, Hawaii, USA. Thanks for stopping by!

"First Of All..."

"First of all, although men have a common destiny, each individual also has to work out his own personal salvation for himself in fear and trembling. We can help one another to find the meaning of life no doubt. But in the last analysis, the individual person is responsible for living his own life and for "finding himself." If he persists in shifting his responsibility to somebody else, he fails to find out the meaning of his own existence. You cannot tell me who I am and I cannot tell you who you are. If you do not know your own identity, who is going to identify you?"
- Thomas Merton

"The Top Banana"

"The Top Banana"
by Jeff Thomas

"The United States emerged from World War II as the top banana. Having entered the war late, it not only was in the enviable position of expanding as a manufacturing nation to supply the allies with war materials, it also insisted on being paid in gold for whatever it shipped. (Pretty nice deal.) At the end of the war, it only had to switch from building tanks and radio equipment to building cars and televisions for the peacetime population. The icing on the cake was that it had not been invaded, so, in 1945, it was poised to take off as the world’s foremost supplier of goods.

For several decades, the US reigned as the top banana, and indeed, that’s still true in many ways, except the peel of the banana is rapidly turning brown. The US has, in recent times, devolved from being the world’s greatest creditor nation to becoming the world’s greatest debtor nation. And in fact, were it not for the residual image of its past laurels, it’s likely that the US would already have collapsed under its unprecedented debt-and-deficit burden. But whilst we’re making a comparison of the US to the yellow fruit, there are a few other parallels that come to mind.

Banana Republic: The term "banana republic" was coined in 1904 to refer to those economically unstable countries that rely on just one product that they sell to the rest of the world, with no backup plan should that product fail. The banana republic remains functional only as a result of money and goods shipped to it in trade for the one product. Sooner or later, something goes wrong with that product, and the republic crashes as a result. At one time, the US supplied the world with its manufactured goods, but American manufacturing facilities have long since moved to countries where costs of operation are far lower than in the US.

Today, the foremost US export product, by far, is debt. US Treasuries are held by countries across the globe and the present debt is at a world record level. If even a portion of the Treasuries were to be redeemed, the US economy would quickly collapse. And yet, the debt is increasing by three billion dollars every day. It’s important to remember that this is not a problem created by one political party or the other. Both parties are responsible for the rises in debt. This is therefore not a situation that can or will be corrected "if our candidate could just win the next election." And so, the US can therefore unquestionably be categorized, at this stage in its development, as a banana republic – one with no plan for a solution to its situation.

Going Bananas: Another aspect that seems to always emerge in banana republics is the tendency to steadily diminish basic freedoms and the rule of law. In recent decades, constitutionally guaranteed freedoms have been steadily removed in the US, but more rapidly in the last decade.

In addition, the government on both sides, but particularly on the left, has been destroying the rule of law. All branches of the government are playing high and loose with their authority. In the past, the legislature did all it can, regardless of whether it is lawful, to unseat the president. Most disappointing of all, the judicial branch has become an extension of the legislative branch, basing their decisions on political prejudices rather than on law.

This now takes place even with regard to the Supreme Court. The Court is seen by both political parties as an agency for enforcement of political beliefs, with each party locked in a struggle to gain dominance by having the majority of justices be loyal to one party or the other, not to the law. Not surprisingly, since law and principle have been tossed aside in the post-constitutional era, the American people are left with no moral compass whatever. The best that they can hope for is that their chosen group will vanquish the other somehow.

And so, we see a constant game of one-upmanship amongst both the American people and the political parties – a continuous attempt to win as many of an endless series of "moral" battles, played out each evening on the news. In such an environment, those who attempt to inject quiet reason are unable to be heard. Only those who "go bananas" get enough attention to possibly edge forward in the fray.

Slipping on a Banana Peel: And so we ask ourselves what the outcome of this charade is likely to be. Well, if we see a banana peel before us, hopefully, we’d be looking where we’re going and sidestep it. However, what we’re seeing in America is a pathway filled with banana peels and an obsessive populace that shows every sign of placing more attention on individual agenda than where it’s walking.

To be sure, this conundrum is nothing new in the world. Over the millennia, such situations have played themselves out countless times. The net result tends to be the same. There’s a dramatic socio-economic–political collapse, followed by a period in which both wealth and order have been lost. Once they realize that there have been no real winners in the debacle, the populace shakes its collective head and wonders, "How did we let it get so crazy?"

Eventually, they begin to ask themselves what can be done to rebuild the system, but historically, this does not happen quickly. In most such cases, a hardworking and successful generation have raised a spoiled generation, who want quick answers and immediate gratification. They in turn raise an apathetic generation, who don’t see any real light at the end of the tunnel.

Unfortunately, the US is in the latter stage. Such a generation of apathetic individuals is typically incapable of creating a recovery. In almost all cases, what’s necessary is that the following generation recognize that their parents have left them with virtually nothing and that, if they want more, they’ll have to work for it.

And so the cycle begins anew. But make no mistake; it’s not a quick process. It tends to take decades. But as the declining nation slides into the doldrums, others come forward to take its place. As anyone who has raised bananas knows, when one tree begins to fruit, small banana "suckers" begin to come out of the ground. By the time the tree is in full fruit, the suckers are big enough to be firmly rooted.

Once the tree has fruited and collapsed under its own weight, the suckers feed off its moisture and minerals to grow. The position of top banana is not perennial. It passes from one to another from time to time. But this is by no means the end of the world. The trick is to recognize the warning signs and, when we see them, to uproot and move on to a more favorable grove."

Bill Bonner, "Happy Times Are Here Again"

President Ronald Reagan speaks at 
the Inaugural Ball in Washington DC, 1981.
"Happy Times Are Here Again"
Reagan was well meaning. He was smart. And his instincts were good. 
But he was no match for the entrenched power of the elites.
by Bill Bonner

"It was 44 years ago. But we remember it well. The Inaugural Ball of 1981. Ronald Reagan had just been elected president. The ceiling was festooned with red, white and blue. The champagne flowed. The band played ‘Happy Times Are Here Again.’ And we were out of business.

Yes, at the time we were running the National Taxpayers Union... whose stated mission was to ‘cut out government waste’ and save the taxpayers’ money. But now that Ronald Reagan was president, there was no more need. Reagan was in charge. And he would bring order to federal finances... and cut unnecessary spending. Or, so we thought.

Unlike Donald Trump, Reagan had devoted years of his life to government and politics. Beginning his career on the ‘left,’ he moved to ‘right’ as he got older and concluded that ‘government is the problem, not the solution.’ He knew that budgets needed to be balanced. And he was fully committed - ideologically, intellectually, temperamentally - to the traditional conservative cause of limited federal power. He even appointed our friend David Stockman, a man who could spot a wasted penny from miles away, as Budget Director. If his team couldn’t turn things around, none could.

And yet, he failed. The momentum of Big Government was too strong. Reagan was well meaning. He was smart. And his instincts were good. But he was no match for the entrenched power of the elites.

David Stockman wrote an excellent book detailing how things went wrong. It’s called "The Triumph of Politics: Why the Reagan Revolution Failed." It explains how, even in the early ‘80s, Washington politics diverted ‘conservatives,’ turning them into the biggest spenders ever. During Reagan’s four years, US debt increased 160% - the third biggest hike of any president... and twice that of Barack Obama. Go figure.

And since then, every ‘conservative’ leader has been an imposter. Bush I, Bush II, Trump - all were firmly in the grip of the Big Spending/Big Empire elites. None ever broke a sweat trying to rein in deficits or US military adventures.

And now, Dan Denning points out that the Chief Executive has been largely sidelined. That’s why Ms. Harris is a plausible candidate; she’s not really expected to do anything or have ideas of her own. Voters attach themselves to the candidates on the basis of shared cultural clues, not underlying policy. Besides, the basic policy choices for Republicans as well as Democrats are essentially the same.

This, says Dan, is largely proven by the example of the last two years when “we’ve basically NOT had a president.” And we didn’t need one: "In the absence of a real CEO (instead of an empty mind like Biden, an empty suit like Harris, an empty wallet like Trump) the State and its minions are more than capable of running themselves. The CEO comes and goes. The assistant secretaries for this and that... and the hundreds of thousands of civil servants and federal employees [along with lobbyists, special interests, think tanks, hacks, hangers-on, and has-beens]... they stay... they keep not working... or worse... working. Doing their damage to the Republic like termites in the Resolute Desk. "

But people still think it’s a civic duty to vote for one of the two candidates, no matter how bad the choice is. They must think that there’s some invisible genius to the system that elevates ordinary men (or women!) into worthy leaders of the free world. Even today many otherwise sensible people send out hopeful pleas to voters to elect Trump or Harris.

Ellen Sauerbrey, for example, is a politician from Baltimore with a big smile. Among other things, she had been appointed as a US ambassador to the UN. Writing to Maryland voters, she urges them to pull the lever for Trump: “My mind is made up. I'm voting for him and here's why: He puts Americans and their well-being first. Kamala will not. He will bring @elonmusk into his cabinet to be the efficiency czar and get rid of waste. This alone may be the best single reason to vote for him.”

We can’t remember the last time we heard a politician say he didn’t put the well-being of Americans first and foremost. But they all put on their pants one leg at a time like everyone else... and put their own well-being first - just as we would if we were in their shoes.

The most remarkable credulity is the idea that an ‘efficiency czar’ would ‘get rid of waste.’ This reveals an alarming lack of cynicalism. First, as we learned in the ‘80s, there is no such thing as ‘waste’ in Washington. All the money that comes into town ends up in someone’s pocket... which is the whole idea.

Second, inefficiency is often the only thing that makes it tolerable. Would the world have been a better place if Mussolini’s Italian government had been more efficient at rounding up Jews? Or Yamamoto’s bombers had done a better job on the US Pacific Fleet? And no one was ever praised for his efficient love-making.

Reagan understood that when it comes to government, it’s not efficiency that counts. It’s size. Less is more. And now... Donald Trump... with none of the Gipper’s charm... none of his warmth... and none of his philosophical and ideological principles -- is there any plausible hope that The Donald will succeed where The Gipper failed?"

"How It Really Is"

 

Gregory Mannarino, "A Warning From Warren Buffet? And I Repeat, After the Selection All Bets Are Off"

Gregory Mannarino, AM 11/4/24
"A Warning From Warren Buffet?
 And I Repeat, After the Selection All Bets Are Off"
Comments here:

Jim Kunstler, "Escape from Psychopathocracy"

"Escape from Psychopathocracy"
by Jim Kunstler

"Most people do not get a clear opportunity to vote against Communism and 
prevent a historical evil from taking hold. We have that opportunity. Vote Trump." 
- James Lindsay

"You thought Halloween was over, but somehow the horror show won’t stop, and it’s not so much fun anymore. Those oversized ghouls, werewolves, and dead souls you erected in the front yard, like shrines to wickedness, represent something truly roiling and moiling around the zeitgeist of this troubled land: the ruling Party of Chaos. Look at what they have done to you and what they are still doing. Hoaxing you, sucking the life-blood out of you, and lying about everything. Wrecking the country.

Why does it seem that the Democratic Party is in it solely to remain in power? I will tell you: because it controls the money-flows to the vast cadres of a vicious parasitical bureaucracy and its support system of outside orgs that commit crimes and make war on the rest of us. It’s called “the blob” for a reason. It’s exactly like that monster out of the 1950s horror movies, a shape-shifting leviathan that devours everything in its path with only one purpose, to grow ever larger until it consumes...everything.

In my state of New York last week, the DEC authorities sent a swat team to seize a man and woman’s pet squirrel and raccoon and then killed the animals. Why? Because they could. How is that different from the DOJ swatting and seizing a grandmother for walking through the US capitol building and then stuffing her in prison for the rest of her natural life on misdemeanor charges? It’s not different. They are both demonstrations of deliberate cruelty - and that’s why the squirrel story resonated so widely around the country. You know exactly what it says: we can take whatever is dear to you...your pets...your livelihood...your freedom...your life.

Who failed to notice that candidate Kamala Harris was unable to articulate any coherent notion about how her government might manage its business beyond some empty nostrums about “joy,” and “turning the page?” Because the party’s actual purpose, which it hides and lies about, is just to push you around, tell you what to do and what to think, and to punish you if you don’t comply - in other words, to exercise despotic power. It can’t do anything else with that power.

It lacks the competence to manage an economy from the top down, and it certainly won’t allow the countless volitional transactions of people at liberty to produce and sell things of value on their own. It will go to war against anything to steal more money: some pitiful foreign kleptocracy of country...the liberty-minded people of our own country...against sound ideas, proven principles, standards of decency, and, not unusually, against reality itself.

And now you and I face the ordeal of an election that, by design, will be nearly impossible to audit, will remain inconclusive for weeks, and subject to endless dispute. Why, because it serves the purpose of the Party of Chaos, which is...chaos! The scheme was to introduce so many devices of uncertainty as to guarantee political paralysis. Why else would you use batteries of hugely expensive computerized vote-counting machines that can be easily hacked, untraceable mail-in ballots with no chains of custody, the automatic registration of non-citizens, and laws (as in California) to literally forbid the requirement of voter-ID?

This was the work of lawfare terrorist Marc Elias -with hundreds of millions of dollars at his disposal, some from the government itself, a bunch from the party, and some from rogue billionaires such as George Soros, Bill Gates, and Reid Hoffman, and then disbursed surreptitiously through hundreds of NGOs - to elect officials such as Secretaries of State and district attorneys who will ignore or bend the law, to pay off state legislators around the country to change voting rules, to hire brigades of ballot “harvesters,” and to file ruinous lawsuits against anyone who objects to these pranks. It is an enormous, dastardly machine designed to deprive you of your consent to be governed. It is the work of political psychopaths.

You’ve no doubt heard about one of the blob’s instrumental players, Rep. Jamie Raskin’s audacious plan to un-do the election, should Donald Trump happen to generate a landslide vote that overwhelms Marc Elias’s ballot-box-stuffing operation. The Raskin scheme is to disqualify Mr. Trump as an “insurrectionist” by an act of Congress before the January 6 certification ceremony. Of course, that would suppose a Democratic majority in Congress, which is unlikely to be the case.

But Mr. Raskin put his foot in his mouth so deeply that he nearly choked to death last week when, discussing election matters with entertainer Bill Maher on TV, Mr. Raskin stated that he would accept the results only of a free and fair election - with himself left to determine whether it was free and fair. This, you understand, is exactly what he accuses Donald Trump of doing in 2020: thinking-and-saying that the election might not have been free and fair.

The problem for Mr. Raskin is that this sort of “election denial” he exhibits is exactly the basis for accusing Mr. Trump of “insurrection” in the first place. Thus: Mr. Raskin has just made a potential “insurrectionist” of himself. What’s more, as if the Jack Smith Case in Judge Chutkan’s DC court was not already compromised enough by the SCOTUS decision on presidential immunity, Mr. Trump’s lawyers can now call Jamie Raskin as a witness in the case, play the video of his remarks to Bill Maher, and ask him how expressing doubt about the freeness or fairness of an election amounts to “insurrection.”

One way or another, looks like we’re in for a hard, anxious winter. Threats galore loom concerning possible blob / Party of Chaos mischief ahead, designed to disorder our national life: false flags prompting the imposition of martial law...aggressive censorship and cancellation of free-speaking regime opponents...deployment of Antifa mobs against civil order, with violence, looting, arson. This symbiotic enemy of the people is desperate to evade accountability for the crimes they’ve already committed as officials running institutions: abuse of power, conspiracy to deprive many citizens of their civil rights, perhaps even treason. They’re capable of anything. They must be defeated."

Judge Napolitano, "Alastair Crooke: Netanyahu’s Imaginary Victories"

Judge Napolitano - Judging Freedom, 11/4/24
"Alastair Crooke: 
Netanyahu’s Imaginary Victories"
Comments here:
o
Dialogue Works, 11/4/24
"Col. Jacques Baud: 
Iran's Massive Response to Israel's Attack"
Comments here:

"A 'Lockdown Economy' Without The Lockdowns: 48 Percent Of U.S. Small Businesses Couldn’t Even Pay Their Rent Last Month"

"A 'Lockdown Economy' Without The Lockdowns: 48 Percent 
Of U.S. Small Businesses Couldn’t Even Pay Their Rent Last Month"
by Michael Snyder

"When nearly half of all small businesses are struggling so much that they can’t even pay their rent, you have an enormous economic crisis on your hands. The last time that we witnessed anything like this was during the peak of the COVID pandemic, but here in 2024 we don’t have a major global health crisis to blame for our catastrophic economic performance. In March 2021, 49 percent of small business owners in the United States could not make their rent payments, but that was because so many states had instituted lockdowns which were severely harming the economy. In September 2024, 48 percent of small business owners in the United States could not make their rent payments, but there is no excuse this time around…

"Close to half of small business owners couldn’t pay their rent in September, marking a new three-year high. According to business networking platform Alignable’s September Revenue & Rent Report, 48% of small business renters could not make their rent payments. That was up from 41% in July and August. And it was the highest it has been since the Covid recovery era in March 2021, when 49% of small business owners were delinquent."

We have a “lockdown economy” without the lockdowns. Does anyone out there want to try to put a positive spin on this? Because if you do, I would love to hear what you have to say.Fox Business interviewed one restaurant owner in California that has tried everything that she can think of to keep her restaurants going…"A regenerative farmer and restaurateur who closed several of her California eateries is now facing the possibility of shutting down her remaining two locations. Mollie Engelhart, owner of Sage Regenerative Kitchen, said despite her continuous attempts to keep her restaurants afloat, they are “barely hanging on by a thread.” “It doesn’t feel like we can hold on because I’ve run out of assets to literally liquidate, to keep us above ground and above water,” Engelhart told FOX Business. Engelhart said she and her husband “leveraged everything” including their retirement and home, in hopes that things would turn around."

I feel so badly for her. But the truth is that there are countless other small business owners that are in the exact same boat. Our economy really stinks. That is the bottom line.

Of course many larger businesses are deeply struggling too. In fact, we just learned that TGI Fridays has just filed for bankruptcy…"Casual dining chain TGI Fridays Inc. filed for Chapter 11 bankruptcy in Texas on Saturday with the company’s executive chairman saying it still has not fully recovered from the COVID-19 pandemic. The bar and grill chain, known for serving up hamburgers, loaded potato skins and $5 happy hour drinks, said the move was done to “address legacy liabilities and position restaurants for long-term success,” the company said in a press release. The Dallas-based company says 39 of its corporate-operated domestic restaurants would remain open."

When I first started using the term “restaurant apocalypse” many months ago, a lot of people thought I was exaggerating. Since then, chain after chain has gone bankrupt. It turns out that I was not exaggerating one bit.

Meanwhile, the percentage of middle-income households that rate their financial situations negatively has just hit a brand new high…"America’s middle class is feeling the squeeze like never before, according to new data. Primerica’s latest Financial Security Monitor report for the third quarter found 55% of middle-income households now rate their personal financial situation negatively, a 6-point jump from the previous survey. “For the first time in a year, a majority of middle-income households are feeling negative about their personal finances,” said Glenn Williams, CEO of Primerica. “In fact, this latest report represents the highest negative rating we’ve seen since we began fielding the survey exactly four years ago.” The middle class is being absolutely eviscerated, and it is getting worse with each passing month.

Last week, I was stunned to learn that hundreds of people had applied to rent a “sleeping pod” in San Francisco for $700 a month…"A company that rents “sleeping pods” in downtown San Francisco for $700 a month has had 300 people apply for its remaining 17 beds, the company’s CEO said. Brownstone Shared Housing describes its mission as “providing low cost housing in the most expensive cities”. Its bunkbed-style “pods” measure approximately 3.5ft-by-4ft-by-6.5ft, large enough to fit a twin mattress. The pods come with privacy curtains, inside lighting and charging ports."

I still remember the days when you could rent a spectacular luxury apartment for $700 a month. Now all you get for $700 is a “pod” that allows you to sleep in a large room with a bunch of other stinky people.

The government has been feeding us numbers that indicate that the economy is performing well, but it turns out that they were just an illusion. For example, we are now learning that the labor market is actually far weaker than we were originally told…"Biden/Harris lied about jobs numbers. They said in August there were 159k added, there were only 78k. In September they said 254k, but only got 223k. In October they expected 100k, but only got 12k."

Will they later revise October’s number even lower? It takes 150,000 jobs a month just to keep up with population growth. And that doesn’t even account for the millions upon millions of people that have been coming into this country illegally. And the outlook for the months ahead is not good at all.

It is being reported that Nissan “is planning on cutting production of its main U.S. models by 30%”…"In continuing signs that the U.S. consumer is tapped, Nissan is planning on cutting production of its main U.S. models by 30%, according to a new report from Nikkei, which says the cuts could jeopardize the automaker’s 2024 global sales targets. Nissan forecasts a 99% drop in quarterly operating profit to 995 million yen ($6.52 million) and a 12% decline to 500 billion yen for the year, citing weakening U.S. market earnings, the report says. The company’s target of 3.65 million vehicles sold for 2024 is now at risk, it says." If Nissan thought that the economy was about to turn around, they wouldn’t be doing this.

So far in 2024, U.S. banks have shut down more than 700 branches…"US banks closed more than 700 branches in the first nine months of the year, forcing thousands to travel further to access vital services. Bank of America closed the most locations of any bank, shuttering 132 between January and September. U.S. Bank followed swiftly behind, having closed 101 of their own branches". If our banks thought that the economy was about to turn around, they wouldn’t be doing this.

Warren Buffett continues to sell off stocks, and he now has a cash stockpile of 325 billion dollars…"Berkshire Hathaway, the conglomerate headed by Warren E. Buffett, extended its retreat from stocks in the third quarter, cutting its holdings in Apple and Bank of America and increasing its cash to a record $325.2 billion." If Warren Buffett thought that the economy was about to turn around, he wouldn’t be doing this.

Let’s be real. I have been documenting our economic decline for more than ten years, and now we have reached a terminal phase. Our leaders flooded the system with money and piled up trillions upon trillions of dollars in new debt. They were able to delay the inevitable for a few years, but now the economy is crashing anyway. Economic pain is all around us, but what is ahead is going to be even worse."