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Tuesday, May 6, 2025

"Understanding The Blob"

"Understanding The Blob"
by The ZMan

The term “deep state” remains a popular way for newly awakened normies to think of how their government operates. It is not the people on the ballot at election time who are running things, but a shadowy cabal of people who operate outside the bounds of the political system. Whenever something goes wrong, they naturally assume it is the work of the deep state. The problem is that the deep state, as most people imagine it, does not exist. It is a useful fiction.

The dismantling of USAID is a good example. The reporting on it in the unofficial media made it seem as if this entity was controlling large swaths of the government, when in fact it was just a money laundering scheme. Instead of cleaning cash acquired through illegal means, it put government cash in the hands of media activists, lobbyists, not-for-profits, and policy shops tied to permanent Washington. It was a clearing house and networking hub for permanent Washington.

In a way, the economy of permanent Washington is something like the economies of ancient city states. Those city states operated what is called palace economies where agricultural products flowed into the palace of the ruler and were then distributed back to the populace as needed. Farmers, craftsmen, and traders maintained their own economy, but a substantial portion of their economic output flowed into the palace to be redistributed as the ruler saw fit.

That is how USAID functioned. It got tens of billions from Congress and used some of that to draw in tens of billions more from other sources in the government and private donors, which it then directed to friendly sources. This was not a formal scheme where they sat around in a hollowed-out volcano figuring out how to use the money to further their evil agenda. It was more like an extended network of friends who networked within this large community, underwritten by tax money.

Imagine if the Church of Scientology had infiltrated the government. Members got positions in the administrative state and the political system. They then directed money to organizations run by fellow cult members. Those organizations then used some of the money to lobby for more money from the system in the form of government contracts, but also by influence peddling to private actors. They would then organize these resources to control public policy.

That is the nature of the “deep state.” The people in it do not think of themselves as part of the deep state. From their perspective, they are just normal people working in the media, government, politics, and policy. Everyone they know is a normal person working in one of these areas. This is how they know they are normal and the people talking about the deep state are not normal. All the normal people they know agree with them that the deep state is a conspiracy theory.

As an example, look at the LinkedIn profile of Maggie Mitchell Salem, the current Executive Director of something called IRIS. That stands for Integrated Refugee & Immigrant Services. It is an open borders not-for-profit located in Connecticut with a fifteen-million-dollar budget. According to the organization’s website, “IRIS inspired and is one of the seven organizations implementing a new national resettlement program, Welcome Corps.” They want your town full of Somalis.

Now, if you scan down Mx. Salem’s resume, you see that open borders is a new advocation for her. Five years ago, she was the Executive Director of something called the Qatar Foundation International. According to their website, they promote learning the Arabic language, using donations from the Qatari government. That is nonsense, of course, as its real purpose is to buy influence in Washington. They hire people like Mx. Salem to put their money in the right hands.

We know this from a story in the Tablet. According to that report, Mx. Salem was writing anti-Saudi stories for a man named Jamal Khashoggi, who was supposedly a Saudi journalist working for the Washington Post. He was a dissident, in that he did not like new ruler of Saudi Arabia. The Qataris do not like the Saudis, so they paid Mx. Salem to handle Mr. Khashoggi to place anti-Saudi material in the hometown newspaper of the Imperial Capital, the Washington Post.

If you scan down further in Mx. Salem’s resume, you will learn that she started out in life as a foreign service officer, stationed in Tel Aviv. You will note that technically, USAID was under the supervision of the State Department. Mx. Salem used her government job to cultivate friendships in the Middle East and in Washington, so that one day she could get one of those good jobs at good wages in the deep state. By all accounts, the Qataris are very generous with their American friends.

Eventually, the Saudis grew tired of seeing anti-Saudi material in the hometown newspaper of the Imperial Capital, so they kidnapped Jamal Khashoggi in Istanbul and then chopped him up in their consulate. One of the reasons the Saudis are planning for a post-America world is they have grown weary of the perfidy of the deep state, which will fink on anyone for money. This is a feature of managerialism. Everyone is for sale, so anyone can buy what they want from the deep state.

This level of bungling by Mx. Salem in the dreaded private sector would have resulted in termination and banishment from the industry, but in the deep state where everyone knows your name, it is a minor bump in the road. She bounced over to the immigration rackets before getting a job in the Biden years running a not-for-profit in Tunisia and then back into the immigration rackets. The lines between the government and those who lobby the government are never very clear.

What you see in this one example is how the managerial state operates like a community that rules over the country. It is why voting does not matter, as the people running the thousands of entities that make up the system are always going to be people who have as their top priority the preservation of their class. It is not a deep state so much as a broad state that overlays everything. Every silo of power is controlled by people who believe the same things.

This is why the first bullet out of the Trump barrel this time was at USAID. It is also why they are attacking elite colleges like Harvard. These are important nodes of a system that organized the antibodies against him the first time. It is why they have systematically broken up the media connections within the government. The point is to destabilize and dismember this broad community of people who operate as the unofficial government of the American empire.

It sounds like an impossible task, given the tens of thousands, maybe hundreds of thousands, of people who make up this blob. The Khashoggi story, however, points to something else about this system. It is has grown increasingly incompetent and corrupt since the end of the Cold War. Hard times breed hard men and easy times breed perfidious women incapable of maintaining the structures of power. Trump is a symptom of a system that is collapsing in on itself."

"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

"It Is Really Happening: The Numbers Show That U.S. Exports And U.S. Imports Are Both Collapsing Dramatically"

"It Is Really Happening: The Numbers Show That 
U.S. Exports And U.S. Imports Are Both Collapsing Dramatically"
by Michael Snyder

"Over the last several decades, the global economy has become more interconnected than ever, but now everything is changing. The flow of goods between the number one economic power on the planet and the number two economic power on the planet is absolutely imploding, and that is going to have enormous implications on both sides of the Pacific. I have written quite a bit about the dramatic decline of U.S. imports, but the numbers show that U.S. exports are falling precipitously as well. According to CNBC, there has been a 51 percent decline in exports at the Port of Portland and a 28 percent decline in exports at the Port of Tacoma…

"What began as a rapid drop in U.S. imports as shippers cut orders from manufacturing partners around the world has now extended into a nationwide export slump, with the U.S. agricultural sector and top farm products including soybeans, corn and beef taking the hardest hit.

The latest trade data shows that a slide in U.S. exports to the world, and China in particular, that began in January now extends to most U.S. ports, according to trade tracker Vizion, which analyzed U.S. export container bookings for the five-week period before President Donald Trump’s tariffs began and the five weeks after the tariffs took effect."

The farming sector has been warning of a “crisis” and ports data is showing more evidence of lack of ability to move product out to global markets. The Port of Portland, Oregon, tops the list with a 51% decrease in exports, while the Port of Tacoma, Washington, a large agricultural export port, has seen a 28% decrease. Tacoma’s top destinations for corn, soybeans and other ag exports include Japan, China and South Korea.

Overall, there are 10 major U.S. ports that have already experienced a double digit decline in export volume. Agricultural exports are being hit harder than anything else. Needless to say, this is extremely bad news for U.S. farmers. The Trump administration has already been discussing a vigorous aid package for farmers that are being affected by this downturn. It appears that they certainly could use the help.

Meanwhile, imports from China are also declining dramatically…"Imports from China have fallen dramatically since Trump imposed steep tariffs – particularly since last month, when the tit-for-tat trade war sent the tariff on most Chinese goods up to 145%. “This week, we’re down about 35% compared to the same time last year, and these cargo ships coming in are the first ones to be attached to the tariffs that were levied against China and other locations last month,” Gene Seroka, executive director of the Port of Los Angeles, told CNN Tuesday. “That’s why the cargo volume is so light.”

The drop-off in imports from China on the boats now coming into port is more than 50%, Seroka said. Many importers have canceled previous orders because US businesses aren’t interested in paying the steep tariff, which can more than double the price of Chinese goods. There is no possible way that we are going to be able to replace the goods that are not being shipped to us from China. Even if we started building enough factories tomorrow, it would take years before we could make up the difference.

As Flexport CEO Ryan Petersen has aptly pointed out, a 60 percent decline in containers coming to the U.S. “means 60% less stuff arriving”…"Rather than import goods to the United States, some retailers are choosing to pay to store their products in Chinese warehouses because it’s cheaper than paying the tariff, according to Ryan Petersen, CEO of Flexport, a logistics and freight forwarding broker. With importers and retailers unwilling to pay the steep cost, deliveries could continue to fall – as much as 60%, said Petersen. Consumers will start to notice very soon. “A 60% decline in containers means 60% less stuff arriving,” Petersen told CNN’s Pamela Brown Tuesday. “It’s only a matter of time before they sell through existing inventory, and then you’ll see shortages. And that’s when you see price hikes.”

He is right. It is just a matter of time before we experience empty shelves and very noticeable shortages. Of course the trade war is deeply hurting the Chinese economy too…"China’s manufacturing engine is sputtering, with new data revealing the most severe hit to China’s economy since the COVID shutdown.

The country’s economy slipped from growth to contraction after the Purchasing Managers’ Index (PMI) fell below 50 in April. New export orders sank to their lowest level since December 2022 when China was still under lockdown, according to figures reviewed by the Wall Street Journal. Major financial institutions including UBS and Goldman Sachs have slashed their growth forecasts for China."

We have become deeply dependent on China, and the Chinese have become deeply dependent on us. So let us hope that cooler heads prevail and both sides decide to start negotiating. But even if negotiations begin immediately, it would likely be months before a deal is reached.

For now, we are just going to have to brace ourselves for difficult times. At this point, even President Trump is admitting that Americans will just have to deal with having less stuff…"Trump was asked Sunday by NBC’s Kristen Welker if he would acknowledge that his tariff plan will result in higher prices. At first, the president suggested tariffs will “make us rich” - similar to sentiments he’s expressed when touting his economic policy. But in the next turn, he suggested that American children, for example, do not need as many toys and that Americans do not need to spend as much money on “junk we don’t need.” “I’m just saying they don’t need to have 30 dolls. They can have three. They don’t need to have 250 pencils. They can have five,” Trump said, acknowledging the prices of such items could also go up.

The crisis that we are facing is going to be especially painful for the retail industry. According to Challenger, Gray & Christmas, retail layoffs are already way up so far this year…"A new report from consulting firm Challenger, Gray & Christmas sheds distressing light on a vulnerable job sector: retail. According to the report, U.S. retailers eliminated more than 64,000 jobs during the first four months of 2025, the second most of any industry. That four-month total is a 296% increase from the same four month span in 2024."

Retail bankruptcies have played a big role in this surge. Several longtime retailers announced bankruptcies in 2025, including Joann Fabrics, which left 19,000 employees without jobs; Party City, which filed for bankruptcy twice and left 16,000 workers unemployed; and Big Lots, which is finding new life after its bankruptcy but has still had to lay off 1,000 people in the process. Sadly, we continue to get more bad news about major retailers with each passing day.

For example, we just learned that Rite Aid is going to close or sell all of their stores…"Rite Aid CEO Matthew Schroeder briefed employees Monday that all stores would either close or be sold as the company files for bankruptcy, Bloomberg reported. The media outlet stated funding from investors fell short, and the company faced a series of economic issues, including tariffs, more expensive supply costs, pricier landlords, and what Schroeder called a “dramatic downturn in the economy.”

Even before the trade war erupted, it was being projected that 15,000 stores in the United States would close in 2025. Boarded up stores are littering the landscape all over America, and it is getting worse with each passing day. Yes, this is really happening. A major economic crisis has begun, and people are going to be absolutely shocked by the things that are going to happen over the next several months."
o

"How It Really Is"

 

Dan, I Allegedly, "Story Time is Over! It’s Time to Pay Up!"

Full screen recommended.
Dan, I Allegedly, 5/6/25
"Story Time is Over! It’s Time to Pay Up!"
"The shocking truth is here - $1.77 trillion in student loan debt is back on the table, and millions of borrowers are scrambling as forbearance officially ends. With 42.7 million borrowers and over 21% of loans in major default, this crisis is hitting hard. Did you know some people haven’t made payments in over five years? It’s time to face the reality of these staggering numbers and the consequences of unchecked debt. In this video, I share jaw-dropping stories about how some borrowers used loan money for things like cars instead of education, discuss why trade skills are a smarter bet for many, and even touch on how negotiation can save thousands on tuition (just ask my son!). Plus, I’ll highlight the bigger picture - how this debt impacts all of us, from rising prices to shattered credit scores.
Comments here:
o
Full screen recommended.
Market Gains, 5/6/25
"Student Loans Are Taking Your Paychecks Right Now"
Comments here:

Gregory Mannarino, "Fear The Bones! The System Is Cannibalizing Itself, Expect Massive Bailouts"

Gregory Mannarino, 5/6/25
"Fear The Bones! The System Is Cannibalizing Itself, 
Expect Massive Bailouts"
Comments here:

Gregory Mannarino, “7 Seconds. The Greatest Act of Freedom in Human History"

“7 Seconds. 
The Greatest Act of Freedom in Human History"
by Gregory Mannarino

"In a world enslaved by invisible chains, it would take just 7 seconds, the time it takes to sign a name, to shatter them all. A single stroke of the pen. One act. One law already written, already passed, already real. The Gold Reserve Act of 1934.

It was born in deceit. A law used to steal gold from the hands of the people. A law that gutted the Constitution, centralized monetary power, and gave rise to a fiat empire built on endless debt. Gold Reserve Act of 1934, combined with Executive Order 6102, effectively confiscated private gold ownership in the United States. While the act didn't explicitly use the word "confiscate," it required individuals to surrender their gold holdings to the government.

However, what they never wanted you to know is THIS. The Gold Reserve Act of 1934. It's this same Act which holds the key to liberation. Because within the Gold Reserve Act lies a power so absolute, so devastating to the monetary overlords, that it has been buried under nearly a century of silence: The President of the United States has the legal authority to revalue gold at will, monetize it, and back the U.S. dollar with it, bypassing the Federal Reserve entirely. Not by new legislation. Not by executive order. Not by war. But by simply signing the authority back into use. It would take 7 seconds. And in those 7 seconds, the entire global financial system would change forever.

What happens in that moment of just 7 Seconds? The U.S. dollar is re-pegged to gold, real money, not debt. The Federal Reserve’s power to issue currency from nothing is obliterated. Fiat inflation ends. The national debt shrinks overnight as gold is revalued. The people’s labor regains value. Sound money returns. Confidence is reborn.

But the most profound effect? Every central bank on Earth begins to collapse. Because the global fiat system is a mirror of the US model, if the U.S. dollar returns to gold, it exposes the fraud of every other currency. The ECB, The Bank of England, ETC., they would fall like dominos! And the global debt-based monetary empire would implode. And in its place? A world of sovereign nations, sound money, and people free from economic bondage.

7 seconds is all it would take to end the debt slave system, destroy the Federal Reserve, trigger the collapse of the central bank cartel, and return power to the people. One law. One pen. One moment of courage. 7 seconds. And Babylon falls."
o

Bill Bonner, "Still Faking It"

President Reagan meets with Fed Chair Paul Volcker 
in the Oval Office, July 16th, 1981,
"Still Faking It"
by Bill Bonner

From the ranch at Gualfin, Argentina - "No financial analyst - no matter how bright his suspenders...and how gaudy his bow tie - should merit any attention unless he lived through the Reagan Revolution. There, he saw the clumsy interplay between politics and monetary policies. Reagan’s promise to reduce the power of government was a flop; it grew larger than ever. But Reagan backed Volcker who succeeded in stopping the inflation that had plagued the country. A real boom followed. Young analysts don’t know how lucky they are. The Trump Team is the most ambitious - in terms of new policies - since Franklin Roosevelt. Almost all of them will backfire...or simply fizzle out.

The press reports that the Trump Team is ‘disrupting’ things. It is introducing ‘game changer’ new policies, it says. Hallelujah! Things need to be disrupted – otherwise, the country is headed for crisis and chaos. But on closer inspection, the game remains much the same. Fortune: “This is going to lead to the construction of a lot of plants, in this case auto plants,” Trump said upon announcing the tariffs in March. “You’re going to see numbers like you haven’t seen... in terms of employment. You’re going to have a lot of people making a lot of cars.”...But the U.S. plan to strengthen blue collar work may be backfiring. President Donald Trump’s 25% tariff on imported cars could actually be sweeping away auto job opportunities for Americans, despite aiming to do the opposite.

The real cause of America’s shrinking manufacturing capacity is not the nation’s past trade policies (favoring free trade). It’s our monetary policies (favoring fake money!) No disruption of US monetary policy has been proposed. So, prepare for more floppy policies; don’t expect a real boom.

Trump’s ‘drill baby drill’ and trade war policies, for example, may not be boosting the US oil business, either. NBC News: "President Donald Trump wants the oil and gas industry to “drill, baby, drill” in pursuit of his energy dominance agenda, but the companies involved in the actual drilling and servicing of wells have instead taken a beating during his first 100 days in office. U.S. crude oil prices have fallen below $65 per barrel, down more than 20% since Trump’s second term began, making it unprofitable for many companies to boost production, according to a survey by the Federal Reserve Bank of Dallas."

The low-cost producers are in the Middle East and Russia, not in the US. And when prices go down, it’s the marginal producers - not the ‘core’ pumpers in the Saudi desert - who suffer. Trump’s energy policy was meant to boost US energy companies. Instead, it may be putting them out of business. Bloomberg: "Oil dropped after OPEC+ agreed to another large output increase, raising concern that additional supply could lead to a global glut just as the trade war threatens demand."

Activist policies always fail. Because they disrupt the natural, spontaneous arrangements that people make on their own. Left to their own devices, for example, businesses trade with whomever they want...however they choose. That’s what free trade is all about, not forcing other countries to follow your labor or currency commandments.

But along comes the Trump Team with a ‘trade policy.’ What happens? Trade declines...shippers and container ports are already slowing down. Bloomberg reports that a single ship, now arriving at Long Beach harbor, faces $417 million in new tariffs. Ultimately, that charge gets passed along to consumers and investors. People get less of what they want, pay more for it…and the administration claims victory.

Even when the feds aim to reverse previous policy mistakes...they generally fail to do it. In the latest employment numbers, for example, is a real petard. DOGE, as we all know, has been ‘disrupting’ the federal workforce. According to the press, hundreds of thousands of federal employees have been tossed out onto the streets...the whole federal establishment is supposed to be as quiet and gloomy as an empty morgue.

But wait. The employment numbers show total employment increasing, not falling. What happened to those disappeared federal workers? And then, looking closer, we find that the number of people currently employed by the federal government is almost exactly the same as it was a year ago when Joe Biden was president.

There were 2,378,000 federal employees a year ago. Guess how many there were last month? It was 2,379,000 (see Table B-1 in the link below). Total Federal employment IS down since January (and fell by 9,000 jobs in April). But it’s virtually the same this time last year. The Establishment Survey used by the BLS may not yet include terminated workers who are still receiving severance and therefore still counted as ‘employed.’ We’ll know more next month.

What about those manufacturing jobs? The tariffs have supposedly led to many businesses moving their factories to the US. If so, they haven’t begun hiring. The latest numbers show manufacturing jobs actually went down by 1,000.

In the last few days, America’s own Hannibal - Pete Hegseth - announced he would cut the number of high-ranking generals by 20%. Newsweek: "Trump Administration Slashing Four-Star Generals in Bid to Shrink Pentagon." But wait. Team Trump intends to propose increasing the Pentagon budget by 13% to $1 trillion, an increase of $113 billion.

Disruption? Game changer? Not exactly."

Monday, May 5, 2025

"WW3 Alert! May 9th SHTF?! Explosions Throughout Iran!"

Canadian Prepper, 5/5/25
"WW3 Alert! May 9th SHTF?! 
Explosions Throughout Iran!"
Comments here:

"America Will Face Empty Shelves In Only 5-7 Weeks!"

Full screen recommended.
Redacted, 5/5/25
"America Will Face Empty Shelves In Only 5-7 Weeks!"
"Gene Seroka, the Executive Director of the Port of Los Angeles says America will face empty shelves in 5-7 weeks thanks to Trump's tariffs on Chinese goods. Is he right? Or is he just fear mongering?"
Comments here:

"China’s Mortgage Crisis, Protests Everywhere, China Economic Collapse Has Begun"

Full screen recommended.
Epic Economist, 5/5/25
"China’s Mortgage Crisis, Protests Everywhere, 
China Economic Collapse Has Begun"
"Right now, China is facing what might be its most severe economic challenge in decades. Mortgage boycotts are spreading like wildfire. Construction sites stand abandoned. Banks are restricting withdrawals. The real estate sector, which once powered nearly a third of China's entire economy, is imploding. And nobody seems to know how to stop it. Let me paint you a picture of what's happening on the ground. Imagine spending your life savings on a home, taking out a massive mortgage, and then... nothing happens. No construction. No updates. Just empty promises. That's the reality for millions of Chinese families today, and they've had enough."
Comments here:

Jeremiah Babe, "Will The World Turn It's Back On A Bankrupt America?"

Jeremiah Babe, 5/5/25
"Will The World Turn It's Back On A Bankrupt America?"
Comments here:

Musical Interlude: George Harrison, "What Is Life"

George Harrison, "What Is Life"

Musical Interlude: The Traveling Wilburys, "End Of The Line"

Full screen recommended.
The Traveling Wilburys, "End Of The Line"

"A Look to the Heavens"

"Large galaxies and faint nebulae highlight this deep image of the M81 Group of galaxies. First and foremost in the wide-angle 12-hour exposure is the grand design spiral galaxy M81, the largest galaxy visible in the image. M81 is gravitationally interacting with M82 just below it, a big galaxy with an unusual halo of filamentary red-glowing gas.
Around the image many other galaxies from the M81 Group of galaxies can be seen. Together with other galaxy congregates including our Local Group of galaxies and the Virgo Cluster of galaxies, the M81 Group is part of the expansive Virgo Supercluster of Galaxies. This whole galaxy menagerie is seen through the faint glow of an Integrated Flux Nebula, a little studied complex of diffuse gas and dust clouds in our Milky Way Galaxy."

"A Life of Learning: Earth School"

"A Life of Learning: Earth School"
by Madisyn Taylor, The DailyOm

"Earth school provides us with an education of the heart and the soul. Life is the province of learning, and the wisdom we acquire throughout our lives is the reward of existence. As we traverse the winding roads that lead from birth to death, experience is our patient teacher. We exist, bound to human bodies as we are, to evolve, enrolled by the universe in earth school, an informal and individualized academy of living, being, and changing. Life’s lessons can take many forms and present us with many challenges. There are scores of mundane lessons that help us learn to navigate with grace, poise, and tolerance in this world. And there are those once-in-a-lifetime lessons that touch us so deeply that they change the course of our lives. The latter can be heartrending, and we may wander through life as unwilling students for a time. But the quality of our lives is based almost entirely on what we derive from our experiences.

Earth school provides us with an education of the heart and the soul, as well as the intellect. The scope of our instruction is dependent on our ability and readiness to accept the lesson laid out before us in the circumstances we face. When we find ourselves blindsided by life, we are free to choose to close our minds or to view the inbuilt lesson in a narrow-minded way. The notion that existence is a never-ending lesson can be dismaying at times. The courses we undertake in earth school can be painful as well as pleasurable, and as taxing as they are eventually rewarding. However, in every situation, relationship, or encounter, a range of lessons can be unearthed. When we choose to consciously take advantage of each of the lessons we are confronted with, we gradually discover that our previous ideas about love, compassion, resilience, grief, fear, trust, and generosity could have been half-formed.

Ultimately, when we acknowledge that growth is an integral part of life and that attending earth school is the responsibility of every individual, the concept of "life as lesson" no longer chafes. We can openly and joyfully look for the blessing buried in the difficulties we face without feeling that we are trapped in a roller-coaster ride of forced learning. Though we cannot always know when we are experiencing a life lesson, the wisdom we accrue will bless us with the keenest hindsight."
"Every person, all the events of your life are there because you have 
drawn them there. What you choose to do with them is up to you."
- Richard Bach
"Ten Rules For Being Human"

Rule One: You will receive a body. You may love it or hate it, but it will be yours for the duration of your life on Earth.
Rule Two: You will be presented with lessons. You are enrolled in a full-time informal school called 'life.' Each day in this school you will have the opportunity to learn lessons. You may like the lessons or hate them, but you have designed them as part of your curriculum.
Rule Three: There are no mistakes, only lessons. Growth is a process of experimentation, a series of trials, errors, and occasional victories. The failed experiments are as much a part of the process as the experiments that work.
Rule Four: A lesson is repeated until learned. Lessons will be repeated to you in various forms until you have learned them. When you have learned them, you can then go on to the next lesson.
Rule Five: Learning does not end. There is no part of life that does not contain lessons. If you are alive, there are lessons to be learned.
Rule Six: 'There' is no better than 'here'. When your 'there' has become a 'here,' you will simply obtain a 'there' that will look better to you than your present 'here'.
Rule Seven: Others are only mirrors of you. You cannot love or hate something about  another person unless it reflects something you love or hate about yourself.
Rule Eight: What you make of your life is up to you. You have all the tools and resources you need. What you do with them is up to you.
Rule Nine: Your answers lie inside of you. All you need to do is look, listen, and trust.
Rule Ten: You will forget all of this at birth. You can remember it if you want by unravelling the double helix of inner knowing.
- Cherie Carter-Scott, 

"The Essence Of Human Existence..."

"Curiosity is the essence of human existence.
'Who are we? Where are we? Where do we come from? Where are we going?'
I don't know. I don't have any answers to those questions.
I don't know what's over there around the corner. But I want to find out."
- Eugene Cernan

The Daily "Near You?"

Athens, New York, USA. Thanks for stopping by!

"Texas is Screwed - I Warned You This Would Happen!"

Full screen recommended.
Steven Van Metre, 5/5/25
"Texas is Screwed - 
I Warned You This Would Happen!"
"Imports are falling, oil is crashing and prices are rising. I warned you this 
was coming and what's happening in Texas means the crisis is here!"
Comments here:

"Bus Driver Economics"

"Bus Driver Economics"
by Jeff Thomas

"Economics should not be an especially difficult subject to understand. In essence, it’s simply the study of how money functions. However, academics, theoreticians, politicians, and financial leaders all stand to benefit if they can manage to complicate the basic principles and muddy the waters of economic comprehension.

No individual has been manifestly more successful at this than the economist John Maynard Keynes. Educated at Cambridge, a bastion of Socialist thinking, Mister Keynes famously published "The General Theory of Employment, Interest and Money" in 1936, forever changing the world’s perception of economics. This was quite an amazing feat, especially as Mister Keynes’s goal was not to explain economics, as had traditionally been the object of the subject; his goal was to distort the study of economics - to confuse economic principles in order to promote socialist concepts.

Socialism had, since its beginnings, been unpopular with many people, as it clearly did not work economically. So, in order to make socialism more broadly acceptable, Mister Keynes, in his book, suggested essentially that, although 2 + 2 = 4, with socialism, 2 + 2 could somehow equal 5.

Mister Keynes recommended that governments control the economy, saying that, in good times, they could tax and regulate the people so that government held the money. Then, in bad times, they could pour that money back into the economy in order to revitalize it. In saying this, he ignored the fact that, historically, free markets tend to be self-regulating - that supply and demand invariably create their own balance. Of course, his concept gained the instant approval of all the world’s governments and has held it ever since, as every government would like to control all the money, if at all possible.

Interestingly, just before his death in 1946, Mister Keynes confessed that, in reality, governments, ever dependent upon election cycles, will collect money through taxation and regulation during good times, then immediately spend all of it, then borrow more. Then, when bad times arrive, the government will not only be broke, but in debt. And, instead of then relieving the economy by going out of business, as any failed business would do, they increase taxation, to keep their own nests feathered. Thus, in bad times, government becomes a country’s greatest detriment to economic recovery.

Present-Day Keynesianism: Back to the present day, we observe both the EU and US governments (and a host of other economically troubled governments) actively pursuing Keynesian economics. As much of the world is presently in the midst of the (still unacknowledged) Greater Depression, politicians in each election cycle, trot out yet another promise for prosperity, always based upon governmental control of the economy - the very same Keynesian concept that created the economic calamity in the first instance.

One year, the promise will be "green shoots." When that fails to materialize, the next promise will be "shovel-ready jobs," which also fails to materialize - in every case, because the premise itself was fundamentally, economically unsound.

During downswings in each of these jurisdictions, any government prides itself on declaring, at intervals, that a small percentage of new jobs has been created, in an effort to suggest recovery. They do this in the face of the fact that government employment numbers are skewed to not include those who have given up looking for work. In addition, anyone who has insufficient work to support himself and his family, but is still employed even one day a week, is counted as "employed." In the US alone, if all the people who are not fully employed were acknowledged, the present percentage of unemployment would be above 20%. 


When an economy is in decline, there are few new real jobs to be had, whilst others continue to disappear. And here is where Keynesianism really comes to the rescue. Since the actual take-home pay of an individual is less important to government statistics than new-job creation, one socialist solution is simply to divide up the existing jobs.

By creating shorter work-weeks - say, thirty hours - many ten-hour jobs open up, and these can be claimed to be "new hires." Of course, they are improvements only in a statistical sense, as both the thirty-hour employee and the ten-hour employee see diminished standards of living than if a free-market economy had prevailed and both employees may have had the opportunity for forty-hour employment. As previously stated, this condition, whilst simple to understand in principle, is hopelessly confused and muddied in practice - a situation that allows it to prevail.

A Practical Lesson: Perhaps it would be helpful to offer, for comparison, a more transparent version of the same condition. From the 1960s through the 1980s, Cuba’s primary export product had been sugar. The USSR was Cuba’s principle customer, paying more than four times the going rate to Cuba for its sugar, in exchange for being a loyal Russian ally.

When, after the collapse of the USSR, the Russians pulled out of Cuba, the Cuban economy, having been based on an inflated product value, virtually collapsed. Large numbers of Cubans, previously employed in the sugar industry, were simply no longer necessary, and Cuba had a problem on its hands. One attempted solution was the "sharing of jobs" (essentially the same "solution" that is now developing in the US). In the years following the sugar debacle, if you were on a bus, travelling from, say, Havana to Santa Clara, you would have two bus drivers on board for the entire round trip.

One would drive to Santa Clara, whilst the other sat in a seat behind him. On the return trip, the second driver would take over. A pointless exercise that only resulted in a divided paycheck. Yes, both drivers were now "employed", but each earned less than he might have in a less socialistic economy. Understandably, nothing improved in any real sense for the Cuban people.

The lesson here is that a socialist government first degrades the free market through over-taxation and over-regulation. Once it has done so and the system is beginning to break down, a socialist government never reverses its policies in the face of failure, it instead redoubles the failed policies. Having made the pie smaller overall, it then divides up the slices in an effort to maintain the perception that everyone still has his piece of the pie. Unfortunately, that sliver may not be enough to sustain the recipient. But of course, in socialism, as in governments in general, perception has always been regarded as being more important than reality.

As a footnote to the Cuban comparison, it’s instructive to note that, when the Cuban government launched policies like the above-described Bus Driver Economics during the economic crisis that it euphemistically called the "Special Time," another policy was to limit the expatriation of its citizens to other countries. As the Special Time grew worse, the penalties for exiting Cuba became more severe. This is another classic symptom of major economic decline - an effort by the government to trap the population from exiting. And not surprisingly, we’re seeing the early stages of this in the EU/US.

As Doug Casey might say, the chances of a people changing a country’s direction from within are "Slim to none… and Slim is out of town." Socialism, historically, has never ended with a gentle reversal to a free-market system. It invariably ends with further deterioration until the point of economic collapse. When a country is clearly on the road to socialistic oblivion, the wisest decision might be to get off the bus."
Freely download "The General Theory of Employment, Interest, and Money,"
by John Maynard Keynes, here: 

"Supply Chain Expert: 'It’s Going To Be An Extinction-Level, Asteroid-Wiping-Out-The-Dinosaurs Kind Of Event'”

"Supply Chain Expert: 'It’s Going To Be An Extinction-Level,
Asteroid-Wiping-Out-The-Dinosaurs Kind Of Event'”
 by Michael Snyder

"Are you ready for store shelves to start emptying all over America? When I first started writing about the coming shortages last month, I received quite a bit of criticism. But now expert after expert is warning that we really are facing a crisis of historic proportions. Most major retailers still have several weeks of inventory on hand, but after that shortages are going to start becoming very visible.

For smaller businesses, the shortages will be noticeable a lot sooner. On Sunday, I visited a local small business to purchase some groceries. In addition to selling groceries, this particular discount store also sells a wide variety of other products, and some of them are made in China. As I walked through the aisles, I was stunned by how low their stock levels were. Honestly, it was kind of depressing.

Of course anything that we are witnessing now is just the leading edge of what is eventually coming. According to CNN, it is being estimated that “Chinese imports into the United States will plunge by as much as 80% by the second half of the year”…"The historically high tariff on China has effectively stopped all trade between the two countries, Trump has said repeatedly. The number of cargo ships headed from China to the United States fell 60% in April, according to Flexport, a logistics and freight forwarding broker. JPMorgan estimates Chinese imports into the United States will plunge by as much as 80% by the second half of the year."

American consumers should expect pandemic-like disruptions as goods that were warehoused before tariffs took effect begin to run out over the next week or so, including higher prices, shortages and empty store shelves.

Treasury Secretary Scott Bessent has said repeatedly that the high tariff on China are “unsustainable,” and Trump also said he expects the tariff to come down. But it would need to come down significantly – by more than half – for any real trade to recommence, trade experts say. But even then, the economic damage would be done — and it would be weeks or even months before American shelves would be replenished. This is going to be catastrophic. Anyone that cannot see this simply does not understand how our system works.

Flexport CEO Ryan Petersen is a supply chain expert that helps thousands of businesses move products around the globe, and he is warning that we are facing “an extinction-level, asteroid-wiping-out-the-dinosaurs kind of event”…“If they don’t change the tariffs, it’s going to be an extinction-level, asteroid-wiping-out-the-dinosaurs kind of event,” he told me. “Only these aren’t dinosaurs. These are dynamic, healthy businesses.” He knows this because those businesses are his customers.

They use Flexport to transport products from the factory to your front door. Petersen’s company handles everything from booking space on planes, trucks and enormous ocean carriers to managing all the tedious paperwork along the way. Ryan Petersen knows exactly what he is talking about, because dealing with supply chains is what he does for a living.

According to Petersen, container bookings from China to the United States have already fallen by 60 percent…"But since the tariffs took effect, ocean-freight bookings from China to the U.S. have dropped 60%, Petersen says. In response, containership operators are shrinking their boats and canceling trips altogether. It takes a while for downstream consequences to flow through the system—but logistics nerds can look at the data on their screens and see into the future." If tariffs continue at this rate, Petersen says, it’s only a matter of time before that asteroid hits.

There are thousands upon thousands of products that are made in China that aren’t made anywhere else. And it takes years to build new factories and set up new supply chains. So how are we possibly going to replace the 438 billion dollars of imports from China that normally fill up our store shelves? Of course the truth is that we aren’t going to replace those imports and store shelves will soon start getting emptier and emptier.

In addition, it is likely that we will see massive layoffs as supply chains all over the U.S. slow down dramatically. Southern California is one area that will get hit particularly hard…"With more than 70% of the port workforce living within a 10-mile radius of the complex, LA’s waterfront communities of San Pedro, Wilmington and Long Beach are expected to be the first hit by the slowdown, but they will certainly not be the last, said Gary Herrera, president of International Longshore and Warehouse Union (ILWU) local 13.

“One in every five jobs in southern California is tied to the ports – warehouse workers, truck drivers, logistic teams and more,” said Herrera, who has been a longshore worker since 1998. Herrera says LA’s Inland Empire, including Riverside and San Bernardino, which serve as warehousing centers for retailers such as Walmart and Amazon, as well as communities such as Bakersfield and Barstow, which have freight rail lines, will also be severely affected."

Even if President Trump made a deal with China this week, we are being told that it could take up to a year for our supply chains to fully return to normal… “These are big, massive bullwhips that have not been seen since COVID,” Evan Smith, the CEO of the supply-chain-management company Altana Technologies, told me. “The tariffs themselves are a shock to the system, and the shock is echoed and amplified across the entire chain. Even if there is resolution, it will take nine to 12 months to work out these bumps.”

The good news is that it appears that the Chinese are open to beginning negotiations with the Trump administration. But the Chinese are insisting that they will not be coerced into making a deal. There had been hope that tariffs on Chinese goods would be reduced in an attempt to get China to the negotiating table, but President Trump has slammed the door on that possibility…"When Welker directly asked, “You’re not dropping the tariffs against China to get them to the negotiating table?” Trump’s response was unequivocal: “No.” His firm stance underscores a broader strategy of using tariffs as leverage to protect American economic interests and curb China’s global influence."

Even if negotiations commenced tomorrow, we would probably not see a deal with China until months from now. Meanwhile, our supply chain crisis will continue to get worse with each passing day. If there is anything that is made in China that you are going to need, I would get it immediately.

It does not appear that President Trump plans to reverse course on his tariffs any time soon. In fact, he just unveiled a new 25 percent tariff rate on most foreign-made auto parts…"President Trump’s tariffs on foreign-made auto parts began on May 3, with automakers receiving some concessions from the administration but still feeling the heat on others. Trump signed an executive order formalizing the new rules late last week, which gave some carve-outs to what would have been blanket 25% tariffs on imported auto parts. Everything from foreign-made powertrain components to seats and airbags is affected."

This is not a drill. A global trade war is here, and it is going to cause immense pain all over the planet. It won’t be too long before empty shelves start appearing all over America. So if there is something that you need to get done, get it done now."

Dan, I Allegedly, "An Asteroid is Headed for the Economy"

Full screen recommended.
Dan, I Allegedly, 5/5/25
"An Asteroid is Headed for the Economy"
"Tariffs are set to wreak havoc on small businesses, and the economic fallout could be catastrophic! In this video, I break down why these tariffs might cause "extinction-level" damage to small enterprises and how the ripple effects could impact all of us. Plus, I discuss the latest on Target’s changes to self-checkout, the struggles in the ports, and why consumer confidence is plummeting. Are we already in a recession? I think so, and I explain why I believe things are only going to get worse if we don’t act now."
Comments here:
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A drop in maritime traffic suggests that the worst is yet to come.

"How It Really Is"

 

Free Download: Henry Hazlitt, "Economics in One Lesson"

"'Economics In One Lesson':
 A Review of a Classic"
by Sean Ring

"If you’ve ever found yourself cornered at a dinner party by that one guy with a conspiratorial gleam in his eye and a penchant for explaining why the economy is “just a series of smoke and mirrors,” you’ll appreciate Henry Hazlitt’s "Economics in One Lesson." It’s The Book that offers the economically curious a set of brass knuckles to face the muddled nonsense of popular economic “thought.” And by “thought,” I mean whatever passes for it in political speeches, social media debates, or the average op-ed.

But let’s not get ahead of ourselves. First, a quick primer: Hazlitt’s book is an economics classic, albeit one that uses plain language to dismantle the kind of Keynesian tomfoolery that has turned deficit spending into a national sport. Published in 1946, it’s a slim volume that packs a heavyweight punch. Think of it as the literary equivalent of Muhammad Ali in his prime - quick, elegant, and devastatingly effective.

A Double-Edged Sword: Hazlitt begins with the titular “One Lesson”: the art of economics consists of not just looking at the immediate effects of any policy but at the longer-term effects, as well. Further, it demands that the consequences of that policy be examined for all groups, not just one. A lesson so obvious it seems like common sense - until you realize it’s precisely what most policymakers and pundits ignore.

Why? Looking at all the consequences of an economic policy requires work, patience, and critical thinking. It’s far easier to promise free lunches than to explain why those lunches aren’t free. Hazlitt’s brilliance lies in his ability to show how economic fallacies perpetuate precisely because they focus on immediate, visible effects while conveniently ignoring long-term, invisible ones. The result? Politicians handing out economic band-aids while ignoring the arterial bleeding beneath.

Smashing Windows (and Fallacies): Hazlitt’s first stop is the famous “Broken Window Fallacy.” You’ve heard the argument before, even if you didn’t realize it: destruction stimulates economic activity. The idea is that rebuilding a shattered window, for example, creates jobs for glaziers, boosts spending, and pumps life into the economy. What could possibly be wrong with that? Everything.

Hazlitt dismantles this nonsense by pointing out the unseen cost: the money spent on the new window could have been used for something else - perhaps a new pair of shoes. Instead of creating new value, we’ve merely replaced what was lost. It’s like celebrating a flat tire because it “supports” the tire repair industry. Hazlitt’s takeaway: destruction doesn’t create wealth; it squanders resources. So, the next time someone extols the “economic benefits” of rebuilding after a hurricane or a riot, feel free to remind them that their logic is as sound as a screen door on a submarine.

Not Free, But Taxpayer-Funded: Ah, public works! The bread and circuses of modern governance. Hazlitt addresses the perennial myth that government spending on infrastructure - roads, bridges, statues of politicians with dubious legacies - is a magic wand for economic growth.

But wait, you ask, aren’t those things good? Sure, they can be. The problem, Hazlitt reminds us, is that taxes fund such projects. And taxes, lest we forget, take money out of the pockets of individuals and businesses. What could those people have done with that money? We’ll never know because the government has already spent it on a bridge to nowhere. Hazlitt’s biting critique should be required reading for anyone who still believes in the economic tooth fairy.

Luddites of the World, Unite! Ever since the dawn of the Industrial Revolution, there’s been a persistent fear that machines will destroy jobs. Hazlitt gleefully trashes this notion, pointing out that technological progress doesn’t eliminate jobs; it reallocates them. Machines increase productivity, lower costs, and free up human labor for other pursuits - like writing snarky economic reviews. It’s a shame Barack Obama didn’t read this book. Otherwise, he wouldn’t have bemoaned how ATMs took the jobs of bank tellers. (They didn’t; see here.)

The real “curse” of machinery isn’t job destruction; it exposes the economic illiteracy of those who cry wolf every time a new technology emerges. Remember when computers were going to put us all out of work? Funny how that turned out.

The Donald Should Read About Tariffs: Hazlitt’s takedown of tariffs is a masterclass in economic wit. Hazlitt argues tariffs are a tax on consumers disguised as “protection” for domestic industries. Yes, they shield those businesses from foreign competition. But they shield them at the expense of everyone else. Higher prices, reduced choices, and economic inefficiency are the actual costs of protectionism. So, the next time someone suggests that tariffs are a “win” for the economy, remind them that taxing your citizens to prop up uncompetitive industries is about as bright as burning your house down to keep warm.

Inflation: The Illusion of Prosperity: Hazlitt’s chapter on inflation is remarkably prescient in today’s economic climate. He explains inflation is a stealthy way for governments to rob their citizens, not a sign of prosperity. It’s a tax that a central bank unethically levies, not a legislature. Inflation erodes the value of savings, distorts investment, and wreaks havoc on the economy. And yet, inflation is often sold to the public as a necessary evil or even a good thing. Hazlitt’s advice? Don’t buy it. Inflation benefits debtors (read: governments) at the expense of savers and wage earners. It’s the economic equivalent of a shell game, and you’re the sucker being fleeced.

Profit: Capitalism’s Dirty Word: Perhaps one of Hazlitt’s most important lessons is his defense of profits. In an era where “profit” is often treated as a four-letter word, Hazlitt reminds us that profits are essential for economic progress. They signal where resources should be allocated, incentivize innovation, and reward risk-taking. Destroy profits, and you destroy the engine of growth. It’s a message that should resonate with anyone who’s ever complained about greedy corporations while simultaneously complaining about them by posting on X from their iPhones while wolfing down avocado toast and an egg nog latte.

Why You Should Read This Book (Again): Hazlitt’s "Economics in One Lesson" is a survival guide for navigating the economic nonsense that permeates modern discourse. So, the next time someone tells you that we need more government spending, higher tariffs, or artificially low interest rates, do yourself a favor: hand them a copy of "Economics in One Lesson" and watch as their arguments crumble faster than a house caught in a tornado’s path.

Wrap Up: Hazlitt’s "Economics in One Lesson" is a welcome relief in a world celebrating economic illiteracy. It reminds us that good economics is about understanding the unseen, the long-term, and the big picture. So, grab a copy, pour yourself a stiff drink, and prepare to see the world - and its economic absurdities - in a new light. Just be warned: once you’ve read Hazlitt, you’ll never be able to watch the news without yelling at your TV."
Freely download "Economics In One Lesson", by Henry Hazlitt, here:

"Words..."

"Words ought to be a little wild, for they
are the assaults of thoughts on the unthinking."
- John Maynard Keynes