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Thursday, July 17, 2025

"37 Lessons From The Birthplace Of Stoicism"

"37 Lessons From The Birthplace Of Stoicism"
by Ryan Holiday

"On a fateful day in the fourth century BC, the Phoenician merchant Zeno lost everything. While traveling through the Mediterranean Sea with a cargo full of Tyrian purple dye, his ship wrecked upon the rocks, his cargo lost to the sea. He washed up in Athens. We’re not sure what caused the wreck, but it devastated him financially, physically, emotionally. It could have been the end of his story - the loss could have driven him to drink or suicide, or a quiet ordinary life in the service of others. Instead, it set in motion the creation of Stoicism, one of the greatest intellectual and spiritual movements in history. “I made a prosperous voyage,” Zeno later joked, “when I suffered a shipwreck.” Indeed, we were all richer for it.

Why am I telling you this? Because I’m in Greece right now with my family for our summer vacation–the birthplace of Stoicism. We didn’t just fly into Athens and take a couple of tours, but decided instead to really cover quite a bit of geography on the trip (2,500km or so by car and boat between Athens, Olympia, Ithaca, Delphi, Patras, Thermopylae, Mt. Olympus, Marathon, Cape Sounio, among others) and I’ve had the wonderful experience of bringing to life Stoic lessons and stories that I’ve been studying, reading, and talking about for decades.

And as I'm stomping around in the places where it all began, I thought I’d riff on some of my favorite lessons and ideas from Stoicism. I was first introduced to this philosophy two decades ago and have since written thirteen books, sent out well over 3,000 Daily Stoic emails, and hosted 500+ Daily Stoic Podcast interviews. I’ve picked up some pretty good lessons along the way. Here are some of my favorites:

[*] “The chief task in life," Epictetus said, “is simply this: to identify and separate matters so that I can say clearly to myself which are externals not under my control, and which have to do with the choices I actually control. Where then do I look for good and evil? Not to uncontrollable externals, but within myself to the choices that are my own...” That's the fundamental premise of Stoicism, also known as the “dichotomy of control”. If we can focus on making clear what parts of our day are within our control and what parts are not, we will not only be happier, we will have a distinct advantage over other people who fail to do so.

[*] As I wound up the Sacred Way to the Temple of Apollo last week, it occurred to me that I was literally following in Zeno’s footsteps, the footsteps he would have taken when he visited the Oracle at Delphi and received a life-changing prophecy: “To live the best life,” the Oracle told Zeno, “you should have conversations with the dead.” What does that mean? Zeno wasn’t sure…until he made a realization that you may have made yourself: Reading is the way to communicate with the dead. Reading doesn’t just change us, it opens us up to live multiple lives, to absorb the experiences of generations of people. It allows us to gain cost-​free knowledge that someone else gained through pain and suffering.

[*] It's fascinating to me that Epictetus – a Greek slave – ends up intersecting (and interacting) with FOUR different Roman emperors: Nero, Domitian, Hadrian, and Marcus Aurelius. And do you know who was most influenced by Epictetus? Whose life was most radically changed by his lectures? Marcus Aurelius. So it's unfortunate Epictetus isn't more widely known and read - because when he is, he changes lives. And that’s why we’re dedicating a whole month to Epictetus over at The Daily Stoic. In an effort to make his work more accessible, we created a brand new guide called "How To Read Epictetus." It’s part book club, part deep dive into the life, lessons, and legacy of this incredible teacher. So if you want to understand why Epictetus is your favorite philosopher’s favorite philosopher (as he was for Marcus Aurelius), then join me and thousands of other Stoics over at dailystoic.com/epictetuscourse today.

[*] Epictetus reminds us that “it’s impossible to learn that which you think you already know.” To the Stoics, particularly Zeno, conceit was the primary impediment to wisdom. Because when you’ve always got answers, opinions and ready-made solutions, what you’re not doing is learning.

[*] A wise man, Chrysippus said, can make use of whatever comes his way but is in want of nothing. “On the other hand,” he said, “nothing is needed by the fool for he does not understand how to use anything but he is in want of everything.” There is perhaps no better definition of a Stoic: to have but not want, to enjoy without needing.

[*] It’s strange how often Stoicism is associated today with “having no emotions,” because all the Stoics are explicit in how natural it is to have emotions, in deed and word. A Stoic feels. We only have a dozen or so surviving anecdotes about Marcus Aurelius, and THREE of them have him crying. He cried when his favorite tutor passed away, he cried in court over deaths from the Antonine Plague. Stoicism isn’t a tool to help you stuff down your emotions, it’s a tool to help you better process and deal with them.

[*] People will piss you off in this life. That’s a given. But before you get upset, stop yourself. “Until you know their reasons,” Epictetus once said, “how do you know whether they have acted wrongly?” That moron who cut you off on the highway, what if he’s speeding to the hospital? The person who spoke rudely might have a broken heart. The Stoics remind us to be empathetic. Almost no one does wrong on purpose, Socrates said. Maybe they just don’t know any better.

[*] In my favorite novel, "The Moviegoer" by Walker Percy (who loved Stoicism and wrote about it often), the wisest character in the book, Aunt Emily, says there’s “one thing I believe and I believe it with every fiber of my being. A man must live by his lights and do what little he can and do it as best he can. In this world goodness is destined to be defeated. But a man must go down fighting. That is victory. To do anything less is to be less than a man.” That captures Stoicism to me. The Stoics didn’t always win, but they always showed themselves as worthy of winning. Cato’s fight against Caesar was a losing battle. He could have folded, he could have fled, but he didn’t. He gave everything to protect the ideals Rome was founded on, a cause he believed was just. He didn’t succeed, but he did the next best thing: He gave his best.

[*] The ancients didn’t have the advantage of looking down from an airplane to see the world from a 30,000-foot view. They never saw their home in a satellite image. Still, at least twice in Meditations, Marcus speaks of taking “Plato’s view." “To see them from above,” he writes, “the thousands of animal herds, the rituals, the voyages on calm or stormy seas, the different ways we come into the world, share it with one another and leave it.” For him the exercise was theoretical - the tallest mountain in Italy is about 15,000 feet and as far as we know, he never climbed it. But what he got from this exercise was humility, a better understanding of how small and interconnected we are.

[*] In one of his most famous letters to Lucilius, Seneca gives a pretty simple prescription for the good life. “Each day,” he wrote, “acquire something that will fortify you against poverty, against death, indeed against other misfortunes.” One gain per day. That’s it. One quote, one prescription, one story. “Well-being,” Zeno said, “is attained by little and little, and nevertheless is no little thing itself.”

[*] “He who is everywhere,” Seneca says, “is nowhere.” If you want to be great at whatever it is you’re doing, you have to make some choices about what you say yes to and what you say no to. "Most of what we say and do is not essential,” Marcus Aurelius reminds us. “If you can eliminate it, you’ll have more time, and more tranquility. Ask yourself at every moment, ‘Is this necessary?'”

[*] There is a wonderful quote from Epictetus that I think of every time I see someone get terribly offended or outraged about something. I try to think about it when I get upset myself. “If someone succeeds in provoking you,” he said, “realize that your mind is complicit in the provocation.” Whatever the other person did is on them. Whatever your reaction is to their remark or action, that’s on you. Don’t let them bait you or make you upset. Focus on managing your own behavior. Let them poke and provoke as much as they like. Don’t be complicit in the offense.

[*] Courage. Justice. Temperance. Wisdom. They are the most essential virtues in Stoicism, what Marcus called the “touchstones of goodness.” “If, at some point in your life,” Marcus Aurelius wrote, “you should come across anything better than justice, truth, self-control, courage - it must be an extraordinary thing indeed.”

[*] "If your choices are beautiful,” Epictetus said, “so too will you be." It’s simple and it’s true: you are what your choices make you. Nothing more and nothing less.

[*] It’s a strange paradox. The people who are most successful in life, who accomplish the most, who dominate their professions - they don’t care that much about winning. They don’t care about outcomes. As Marcus Aurelius said, it’s insane to tie your well-being to things outside of your control. Success, mastery, sanity, Marcus writes, comes from tying your wellbeing, “to your own actions.”

[*] It’s possible, Marcus Aurelius said, to not have an opinion. Do you need to have an opinion about the scandal of the moment - is it changing anything? Do you need to have an opinion about the way your kid does their hair? So what if that person is a vegetarian? “These things are not asking to be judged by you,” ​Marcus writes​. “Leave them alone.” Especially because these opinions often make us miserable! “It’s not things that upset us,” Epictetus says, “it’s our opinions about things.” The fewer opinions you have, especially about other people and things outside your control, the happier you will be. Of course, this is not to say that we shouldn’t have any opinions at all, but that we should save our judgments for what matters - right and wrong, justice and injustice, what is moral and what is not.

[*] The occupations of the Stoics could not be more different. Seneca was a playwright, a wealthy landowner, and a political advisor. Epictetus was a former slave who became a philosophy teacher. Marcus Aurelius would have loved to be a philosopher, but instead found himself wearing the purple cloak of the emperor. Zeno was a prosperous merchant. Cato was a Senator. Cleanthes was a water carrier. Once asked by a king why he still drew water, Cleanthes replied, “Is drawing water all I do? What? Do I not dig? What? Do I not water the garden? Or undertake any other labor for the love of philosophy?” What matters to the Stoics is not what job you have but how you do it. Anything you do well is noble, no matter how humble.

[*] The now-famous passage from Marcus Aurelius is that the impediment to action advances action, that what stands in the way becomes the way (which is also the passage that inspired my book "The Obstacle is the Way)". But do you know what he was talking about specifically? He was talking about difficult people! He was saying that frustrating, infuriating, thoughtless people are opportunities to practice excellence and virtue - be it forgiveness, patience, self-control, or cheerfulness. But it’s not just with difficult people. That’s what I’ve come to see as the essence of Stoicism: every situation is a chance to practice virtue. So when I find myself in situations big and small, positive or negative, I try to see each of them as an opportunity for me to be the best I’m capable of being in that moment.

[*] Every event has two handles, Epictetus said: “one by which it can be carried, and one by which it can’t. If your brother does you wrong, don’t grab it by his wronging, because this is the handle incapable of lifting it. Instead, use the other - that he is your brother, that you were raised together, and then you will have hold of the handle that carries.” This applies to everything. When bad news comes, do I grab the handle of despair or the handle of action? When I’m slighted, do I grab the handle of grievance or the handle of grace? When things feel uncertain, do I grab the handle of fear or the handle of preparation? I don’t get to choose what happens. But I do get to choose how I respond. And if I want to carry the weight of whatever comes next, I have to grab the handle that’s strong enough to hold.

[*] “The things you think about determine the quality of your mind,” Marcus writes in Meditations. “Your soul takes the color of your thoughts.” If you see the world as a negative, horrible place, you’re right. If you look for shittiness, you will see shittiness. If you believe that you were screwed, you’re right. But if you look for beauty in the mundane, you’ll see it. If you look for evidence of goodness in people, you’ll find it. If you decide to see the agency and power you do have over your life, well, you’ll find you have quite a bit.

[*] Over the years, the Stoics have completely reoriented my definition of wealth. Of course, not having what you need to survive is insufficient. But what about people who have a lot…but are insatiable? Who are plagued by envy and comparison? Both Marcus Aurelius and Seneca talk about rich people who are not content with what they have and are thus quite poor. But feeling like you have ‘enough’ – that’s rich no matter what your income is.

[*] This was a breakthrough I had during the pandemic. Suddenly, I had a lot less to worry about. I wasn’t doing the things that, in the past, I told myself were the causes of my anxiety. I wasn’t hopping on a plane. I wasn’t battling traffic to get somewhere on time. I wasn’t preparing for this talk or that one. So you’d think that my anxiety would have gone way down. But it didn’t. And what I realized is that anxiety has nothing to do with any of these things. The airport isn’t the one to blame. I am! Marcus Aurelius talks about this in "Meditations." “Today I escaped from anxiety,” he says. “Or no, I discarded it, because it was within me, in my own perceptions - not outside.” It’s a little frustrating, but it’s also freeing. Because it means you can stop it! You can choose to discard it.

[*] One of the most relatable moments in Meditations is the argument Marcus Aurelius has with himself in the opening of book 5. It’s clearly an argument he’s had with himself many times, on many mornings - as have many of us: He knows he has to get out of bed, but so desperately wants to remain under the warm covers. It’s relatable…but it’s also impressive. Marcus didn’t actually have to get out of bed. He didn’t really have to do anything. The emperor had all sorts of prerogatives, and here Marcus was insisting that he rise early and get to work. Why? Because Marcus knew that winning the morning was key to winning the day and winning at life. By pushing himself to do something uncomfortable and tough, by insisting on doing what he said he knew he was born to do and what he loved to do, Marcus was beginning a process that would lead to a successful day.

[*] The Stoics kept themselves in fighting shape, they liked to say, not for appearance’s sake, but because they understood life itself was a kind of battle. They did hard things. They sought out opportunities to push their physical limitations. Socrates was admired for his ability to endure cold weather. Marcus Aurelius was a wrestler. Cleanthes was a boxer. Chrysippus was a runner. This wasn’t separate from their philosophy practice, it was their philosophy practice. “We treat the body rigorously,” Seneca said, “so that it will not be disobedient to the mind.”

[*] This was Marcus’ simple recipe for productivity and for happiness. “If you seek tranquility,” he said, “do less.” And then he clarifies. Not nothing. Less. Do only what’s essential. “Which brings a double satisfaction: to do less, better.”

[*] Just because someone spends a lot of time reading, Epictetus said, doesn’t mean they’re smart. Great readers don’t just think about quantity, they think about quality. They read books that challenge their thinking. They read books that help them improve as human beings, not just as professionals. They, as Epictetus said, make sure that their “efforts aim at improving the mind.” Because then and only then would he call you “hard-working.” Then and only then would he give you the title “reader.”

[*] The Stoics come down pretty hard on procrastinating. It's "the biggest waste of life," Seneca wrote. "It snatches away each day and denies us the present by promising the future." To procrastinate is to be entitled. It is arrogant. It assumes there will be a later. Stop putting stuff off. Do it now.

[*] Marcus talked about a strange contradiction: we are generally selfish people, yet, more than ourselves, we value other people’s opinions about us. “It never ceases to amaze me,” he wrote, “we all love ourselves more than other people, but care more about their opinion than our own.” The fundamental Stoic principle is that we focus only on the things that are within our control. Other people’s opinions are not within our control. Don’t spend any time worrying about what other people think.

[*] The Stoics often quote the poet Heraclitus, who said that character is fate. What he meant was: Character decides everything. It determines who we are/what we do. Develop good character and all will be well. Fail to, and nothing will.

[*] It’s called self-discipline. It’s called self-improvement. Your standards are for you. Marcus said philosophy is about being strict with yourself and forgiving of other people. That’s not only the kind way to be, it’s the only effective way to be.

[*] Marcus reminded himself: “Don’t await the perfection of Plato’s Republic.” Because if you do, that’s all you’ll do…wait. That’s one of the ironies about perfectionism: it rarely begets perfection - only disappointment, frustration, and, of course, procrastination. So instead, Marcus said, “be satisfied with even the smallest progress.” You’re never going to be perfect—there is no such thing. You’re human. Instead, aim for progress, even the smallest amount.

[*] Seneca said we have to “choose someone whose way of life as well as words have won your approval. Be always pointing him out to yourself either as your guardian or as your model.” Choose someone who you want to be like, and then constantly ask yourself: what would they do in this situation? In Seneca’s last moment, when Nero comes to kill him, it’s Cato that he channels. It’s where he gets his strength. Even though Seneca had fallen short of his writings in a lot of ways, in the moment it mattered most, he drew on Cato and became as great as philosophy could have ever hoped for him to be.

[*] Some days, Marcus wrote, the crowd cheers and worships you. Other days, they hate you and hit you. They’ll build you up, and then tear you down. That’s just the way it goes. The key, Marcus said, is to assent to all of it. Accept the good stuff without arrogance, he writes in "Meditations." Let the bad stuff go with indifference. Neither success nor failure says anything about you.

[*] Seneca said that the key distinction between the Stoics and the Epicureans is that the Epicureans only got involved in politics and public life if they had to. The Stoic, he says, gets involved unless something prevents you. Sometimes I get pushback from people when I talk about anything political with The Daily Stoic. “Why pick a side?” they ask. “You're going to piss off your audience.” The reason I pick a side is that you have to pick a side. That's what the Stoic virtue of justice is about. Stoicism says we have to be active - we have to participate in politics, we have to try to make the world a better place, we have to serve the common good where we can. You can’t run away from these things. It has to be a battle you’re actively engaged in - in the world, in your job, in the community, in your neighborhood, in your country, in the time and place that you live.

[*] The reality is: we will fall short. We all will. The important thing is that we pick ourselves back up when we do. “When jarred, unavoidably, by circumstances,” Marcus Aurelius wrote, “revert at once to yourself, and don’t lose the rhythm more than you can help. You’ll have a better grasp of the harmony if you keep on going back to it.” You’re going to have an impulse to give in, your temper is going to get the best of you. Ambition might lead you astray. But you always have the ability to realize that that is not who you want to be, that is not what you were put here to do, that is not who your philosophy wants you to be.

[*] A Stoic is strong. A Stoic is brave. They carry the load for themselves and others. But they also ask for help. Because sometimes that’s the strongest and bravest thing to do. “Don’t be ashamed to need help,” Marcus Aurelius wrote. “Like a soldier storming a wall, you have a mission to accomplish. And if you’ve been wounded and you need a comrade to pull you up? So what?” If you need a minute, ask. If you need a helping hand, ask. If you need a favor, ask. If you need therapy, go.

[*] I spoke at a biohacking conference a few weeks ago where the stated purpose was all about living well into your hundreds. I teased them a little. Why? I said. So you can spend more time on your phone? So you can accumulate more stuff? So you can check more boxes off your to-do list? Marcus Aurelius would’ve asked, as he did in Meditations,“You’re afraid of death because you won’t be able to do this anymore?” We all think we need to, deserve to, live forever. But death is real. Memento Mori. None of us has unlimited time. Which is why we have to get serious now. We have to live and be well now."

The Daily "Near You?"

Kingston, Saint Andrew, Jamaica. Thanks for stopping by!

"Your Assumptions..."

 

Dan, I Allegedly, "Restaurants Are Spying On You! Here’s How"

Full screen recommended.
Dan, I Allegedly, AM 7/17/25
"Restaurants Are Spying On You! Here’s How"
"Restaurants are spying on you - yes, you heard that right! In today’s video, I share how some restaurants are digging through your social media profiles before you even step foot in their dining rooms. From Michelin-starred spots in the Bay Area to high-end eateries worldwide, they're building profiles based on your spending habits and dining preferences. Is this the future of dining or a total invasion of privacy? Let’s talk about it. Plus, we dive into how data collection extends beyond restaurants. From grocery rewards programs to travel spending trends, it seems like everyone is tracking us these days. And don’t get me started on the crazy $285,000 green vehicles planned for the postal service - what is going on?"
Comments here:

Here are the links for the stories mentioned in this video:

"Life..."

"Life is not what you see, but what you've projected.
It's not what you've felt, but what you've decided.
It's not what you've experienced, but how you've remembered it.
It's not what you've forged, but what you've allowed.
And it's not who's appeared, but who you've summoned.
And this should serve you well until you find what you already have."
- The Universe

"A Saturday Night In Starbucks"

"A Saturday Night In Starbucks"
by Paul Rosenberg

"Several years ago, an unusual set of events found me at Starbucks on a Saturday night. It had been a reasonably decent day, but somehow the pressures of the world – its parade of negativity – had had its effect on me. Sitting in the Starbucks cured me.

What I Saw: It was a very average Starbucks in a very average location. And the very average people sitting with me were a nearly perfect cross-section of the American demographic. To my left was a middle-aged black man, doing something on his laptop. Just past him was a middle-aged white woman doing the same. Past her, in the corner, were three teenage girls – one black, one white, one Latin – studying together.

Behind me was another black man with a laptop and piles of papers, and past him a young couple falling in love over lattes. At the big, center table was a 25ish woman, with multiple piles of paper upon which she was working very hard. After a while, her boyfriend showed up. She hugged him, laid her head on his shoulder, and they kissed. It was sweet. Then he got to work with her.

There were also people coming and going. They were more of the same: A cross-sectional American parade of people behaving quietly and well. Watching these people, I decided that it would be far better to spend time helping them than to obsess over all the threats in the world. These are the people who deserve our efforts.

What Would Help the Bright Side of Humanity? My observations brought me to the question of how to help the bright side of humanity, and I decided that a great start would be to assure them that their way is right… that they have every right to live their way. That concept should be utterly obvious, but the fact is that productive people have been assiduously taught to abandon their ways whenever authority speaks.

This is the great error of the bright side people, and those of us who recognize it must make this point repeatedly: The narratives of the power-seekers service primate models of organization. They do not serve human advancement.

The people I saw in the Starbucks held a different and better set of ideals. They believed that everyone should be treated with respect; that coercion and fraud are wrong; that everyone should be left alone to do as they please, so long as they don’t intrude upon others. This decent side of humanity needs to know that their ideals should never be abandoned, no matter how earth-shatteringly urgent a reason may seem. The people I saw in the Starbucks, to be blunt about it, were morally superior to the powerful and the fear-peddlers. Their ways should be held above.

And Once They Do? Once the people I saw at Starbucks start believing in themselves, the world will change, and massively. These people – and there are untold millions of them – are productive and cooperative. Their problem is that they’ve been laying their virtues at the feet of fear-peddlers. Once the Starbucks People decide that fear and subservience are contrary to life itself, they will move into a better age. Such transitions are difficult, of course, but once these people truly believe in their own ways, the ways of the fear-peddlers and sacrifice-collectors will pass away. May it be soon."

"One Day..."

 

"How It Really Is"

"Few Really Ask..."

“Very few beings really seek knowledge in this world – few really ask. On the contrary, they try to wring from the unknown the answers they have already shaped in their own minds – justifications, confirmations, forms of consolation without which they can’t go on. To really ask is to open the door to a whirlwind. The answer may annihilate the question and the questioner.”
- Anne Rice, “The Vampire Lestat”

Gregory Mannarino, "It Passed! Corporate Currency/Stablecoins Controlled By The FED"

Gregory Mannarino, AM 7/17/25
"It Passed! 
Corporate Currency/Stablecoins Controlled By The FED"
Comments here:

"While the we slept, they moved. They pushed through corporate-run stablecoin legislation… handing control of your money, your future, your freedom to Wall Street, the Fed, and Babylon's digital cage. This is not a CBDC… it’s worse.

A Fed-sanctioned token system issued by mega-corporations surveilled, controlled, and tracked from the shadows, with no oversight! At least with a CBDC there would be Congressional Oversight! But with this privatized token currency/stablecoin. There is nothing. We were not even asked if this is what WE the People want! Instead… they did it under cover of darkness, while the people were distracted. This is not democracy. This was a coordinated abomination.

A stablecoin is a digital token that’s designed to mimic the value of a real-world currency, like the US dollar. It’s meant to be “stable.” but… It’s not real money. It’s not cash. It’s a digital I.O.U. issued by private corporations or banks, and now overseen by the Fed. (In this case after the House passed legislation last night while you were asleep and or otherwise distracted). It can be frozen, tracked, controlled, or even erased with a keystroke. It’s not freedom, it’s programmable compliance/digital slavery.

Lions… now is the time to roar! Call your Representatives. Flood social media… especially Trump’s Truth Social. Let them know we see you. This is the moment to rise, not freeze. This is how digital chains are forged… And if we do not act now, we will wear them.
- GM

Bill Bonner, "Trade Squashing"

"Trade Squashing"
by Bill Bonner

Poitou, France - "The headline news this morning. Bloomberg: "Trump eyes tariffs of 10% to 15% for 150 countries." Over many centuries people learned to trade with one another, peacefully, to get what they wanted. Trade with family, trade with friends, trade with the next town...with a foreign country...with people you never met in places you never heard of. As civilization expanded, so did trade. The most successful empires expanded the trading area and financed themselves largely on trading wealth - Carthage, Rome, the Mongols, Venice, Holland, England and America. But now we’re going in the other direction...squeezing off trade as if we were kinking a garden hose. And for reasons that often have little to do with trade itself.

- To fight the flow of drugs. The New York Times (also this morning): "Trump Has Promised More Tariffs on Mexico. President Trump has threatened to increase Mexico’s tariff rate to 30 percent starting Aug. 1, claiming the country hasn’t sufficiently tackled drug cartels.

- To punish international judges when they don’t see things your way. POTUS: "By the authority vested in me as President by the Constitution and the laws of the United States of America... I, DONALD J. TRUMP, President of the United States of America, find that the International Criminal Court (ICC), as established by the Rome Statute, has engaged in illegitimate and baseless actions targeting America and our close ally Israel."

- To suborn a foreign nation’s internal justice system. CBS News: "Trump threatens Brazil with 50% tariff, citing "Witch Hunt" against Bolsonaro."

- To reward a big campaign donor. Embraer is Brazil’s biggest airplane manufacturer. And its major competitor - Boeing - is one of Trump’s biggest supporters. Business Insider: "Around three-quarters of Embraer's business jets and nearly half of its regional airliners are delivered to US clients. "Given the relevance of this market, we estimate that if this [Trump's tariff plan] moves on at this magnitude, we will have an impact similar to that of COVID-19 in terms of the decline in the company's revenue," CEO Francisco Gomes Neto said, per Reuters."

- And of course, to force Americans to pay more for imports while rewarding friends with contracts. Times Now: "President Donald Trump announced a landmark trade agreement with Indonesia on July 15, 2025, via Truth Social, opening the Southeast Asian nation’s market to U.S. goods for the first time. The deal includes Indonesia buying $15 billion in U.S. energy, $4.5 billion in agricultural products, and 50 Boeing jets, while paying a 19% tariff on exports to the US."

- Or how about this? The US dollar has lost 10% of its value, worldwide, so far this year. And US policies (BBBA, tariffs, deportations...) are almost sure to mean even greater losses for dollar holders. But don’t even think of diversifying. Fortune: "Donald Trump threatens 100% tariff on countries that turn away from the dollar."

- And how’s this for winning friends and influencing people? BBC: "Trump threatens extra 10% tariff on nations that side with Brics." "Any country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% tariff. There will be no exceptions to this policy," Trump posted on his Truth Social platform on Sunday."

What are the consequences of all this trade squashing? Money Talks: "U.S. Trade Drops Second Straight Month As Tariff Effects Emerge." "...uncertainty drives shifts in global commerce patterns and gold trading reaches historic levels."

The Daily Mail: "Americans felt a sting at the grocery store last month. Overall inflation hit 2.7 percent in June compared to a year earlier, the Labor Department said Tuesday. That is 0.3 percent higher than last month's 2.4 percent reading."

And The Wall Street Journal: "A chaotic rollout of tariffs is starting to filter through to price tags on store shelves. An immigration crackdown is beginning to weigh on jobs growth, measured by federal surveys. Taken together, the impact of President Trump’s whirlwind six months back in office is showing up in the economy." Stay tuned…

Adventures With Danno, "Mega Shopping At Kroger"

Full screen recommended.
Adventures With Danno, AM 7/17/25
"Mega Shopping At Kroger"
Comments here:

Wednesday, July 16, 2025

"AI Will Replace The Middle Class, Trump Sparks Chaos On Wall St."

Jeremiah Babe, 7/16/25
"AI Will Replace The Middle Class, 
Trump Sparks Chaos On Wall St."
Comments here:

"Epstein, Donald Trump and Sexual Blackmail Networks, w/Nick Bryant"

Full screen recommended
The Chris Hedges Report, 7/16/25
"Epstein, Donald Trump and 
Sexual Blackmail Networks, w/Nick Bryant"
"Despite a strong desire from the public to get to the bottom of the Jeffrey Epstein case, which saw the trafficking and sexual exploitation of thousands of young girls, the cabal associated with Epstein continues its conspiracy to suppress the ugly truth of the ruling class."
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"Trump's 'Big Beautiful Bill': Defense Dollars, Debt, and the Real Cost of Spending Sprees"

"Trump's 'Big Beautiful Bill': Defense Dollars, 
Debt, and the Real Cost of Spending Sprees"
by International Man

"International Man: Trump's so-called "Big Beautiful Bill"involves massive government spending - how do you see that impacting the already unsustainable US national debt, and is there any real distinction between that and the kind of spending we saw under Biden?

Doug Casey:
It's ironic that the "Big Beautiful Bill"has the same initials - BBB - as Biden's "Build Back Better." I haven't read all 887 pages of the bill. And I suspect very few Congress critters have either; it's something only a lawyer or a lobbyist might do. But I have read analyses and summaries. It's clear that it's just a hodgepodge, a conglomeration of notions and pork. Nothing new, just like almost every other bill that's come out of Washington, DC, for many decades.

There's very little to recommend it if you're concerned about freedom and prosperity. It's essentially 887 pages of additional things you must do, and must not do, with penalties for non-compliance, and new taxes to fund it all.

Trump's utter lack of a philosophical core is increasingly evident. I've come to the conclusion that, other than his entertainment value, troll-like sense of humor, and not being Kamala Harris, the only consistently good thing about Trump is his anti-woke stance. And he's not anti-woke based on philosophical principle, but just because of his gut feelings.

The bill doesn't just raise spending and taxes, it creates chaos, adding complexity through new mandates and cutouts. Typical of narcissists, much of what Trump does will wind up making enemies everywhere, for no good reason. But he doesn't realize that. He's what's known as a bullshit artist. He thinks his glib words actually pull the wool over people's eyes, when all they do is expose him as a shallow conman.

International Man: What should have the bill done?

Doug Casey:
There's no attempt to implement the findings of the DOGE, which uncovered immense amounts of fraud, waste, and corruption within the US government. DOGE could have changed the course of the US. But it turned out to be nothing but a shameless PR stunt. No wonder Musk quit in disgust.

Instead of adding to the deficits and total debt, which is what this bill does, I would have liked to see an outright default on the national debt. I realize that sounds like an outrageous, even ridiculous suggestion, because it would lead to the wholesale failure of the current financial system. So let's explore a few particulars of the mad concept.

The Fed should be abolished. Gold should be reinstated as the national currency. About 90% of Federal agencies should be abolished. The "defense"budget should be decreased by 75%, instead of being increased to a trillion dollars per year. All US troops should withdraw from all foreign bases. The government should resign its membership in the UN, NATO, and scores of other clubs and treaties. All aid and subsidies of domestic corporations and foreign governments should cease… There's a lot more, but that's a good start.

Regarding the national debt, it effectively transfers wealth from the average taxpayer - who is already being devastated by currency inflation - to the wealthy individuals and institutions who own it. The debt will be defaulted on eventually, probably indirectly, through inflation. I simply believe it should be defaulted on directly. Insofar as a default can ever be honest, that's the only honest way to do it. Compare it to a 100-story building on the verge of collapse. It's better to conduct a controlled demolition, with a warning, than wait for it to fall on everyone unexpectedly.

There are other reasons for a default, however. First, it would free future generations of Americans from being turned into serfs just to pay it off. Second, it would punish the people who have enabled the State by lending it money to fund all the terrible things it does, like fighting wars, enriching its lackeys, and expanding the welfare state.

But none of that is going to happen. I only mention these things for your intellectual amusement. Maybe John Hunt and I will do a novel about the way a default would sort out. But we're behind schedule on "Terrorist," the 4th in the current series. So, one thing at a time as we watch the ongoing collapse of Western Civ…

Another bad thing about the big buffoonish bill is that it's a distraction from the corruption exposed in the Epstein matter. Trump has said he doesn't want to hear any more about Epstein. I expect he will, however. It should be the biggest scandal since the Dreyfuss affair in France at the turn of the 20th century.

International Man: Trump's bill includes a $1 trillion allocation for defense spending and provisions that appear to expand the President's authority. Does that signal a trend toward militarization and centralized power under the guise of economic or national security?

Doug Casey:
Absolutely. I'm surprised that there's not wholesale outrage at the fact that it increases annual defense spending to a trillion dollars a year, when, in fact, military spending could and should be cut back radically. This is further proof of how supine and degraded the average American has become.

For one thing, it funds the so-called "Golden Dome,"which we analyzed in some detail last week (link). In addition, it designates about $170 billion to ICE and border enforcement. While sending illegal migrants back where they came from is a good thing, as with all government agencies and actions, the extra agents that are hired will never be fired. The 100,000 new detention beds contemplated by the act will remain long after Trump is gone. They will just be repurposed by the Democrats. The government will continue growing like a cancerous self-licking ice cream cone.

The bottom line is that the bill directs a lot more power and dollars toward the State, and in no way cuts back the State. Americans may not like the migrants, but I suspect they're going to like thousands of new ICE agents checking to see if their "papers are in order" even less.

International Man:
When comparing Trump's spending to Biden's "Build Back Better"agenda, do you see any meaningful differences in their impact on the economy, or is it simply two sides of the same inflationary coin?

Doug Casey: The main difference between them is who gets the pork and the rhetoric that surrounds it. For instance, there's a section in the bill reinforcing farm subsidies, which - depending on various conditions - slop from $30 to $60 billion per year to farmers, as if they were hogs. Nothing new, these egregious subsidies have been around for many decades. They're welfare payments. In addition to corrupting farmers, they necessitate the Department of Agriculture (DOA), which employs 100,000 bureaucrats. Anything the DOA does that's useful would be done by entrepreneurs. This bill just further cements industrial agriculture in place and makes the survival of family farms even more difficult.

You might also consider the $1,000 "Trump accounts"for kids. Trump loves anything with his name attached to it. But it's a bad idea. It gives the public the idea that Trump is giving them something for nothing, and gets them in the habit of receiving stolen goods. Needless to say, a new agency will have to be set up to monitor the accounts. Maybe the amount should be raised to $10,000 or $100,000. Then Trump could claim he was creating a whole generation of multimillionaires.

International Man:
Do you believe the spending surge under Trump, including this bill, will help normalize trillion-dollar deficits, and what does that mean for the US dollar going forward?

Doug Casey: Forget about trillion-dollar deficits. That's far in the rear-view window. We're looking at three, four, and five trillion-dollar deficits. That's after the multi-trillion-dollar tax increase through tariffs. Also, the BBB has almost no reference to deregulation. It's just another tax, spend, and borrow bill. The additional chaos it causes might immanentize the financial eschaton that we're facing. I'm not talking about ten years or even five years from now. I think it'll happen within Trump's term.

And the Republicans, worthless as they are, will be blamed. I couldn't care less about them, but because they're somehow associated with free market values, those values will also be blamed. In 2028, therefore, the chances are excellent that the lefties will be elected. Even assuming that Trump serves out the remainder of his term, which I think is in doubt. Things could get seriously out of control.

I'm afraid that Trump is acting much like Roosevelt did in 1932. Few people know that when Roosevelt ran for office, he ran on what amounted to a radical free market platform. His proposed policies were almost libertarian in nature, as a reaction to the horrible statist and dirigiste policies of the benighted Herbert Hoover, who's always falsely painted as a free market guy. After Roosevelt was in office, he instituted something close to socialism in the US.

I think Trump - who's always been an egomaniac - is turning into a megalomaniac. The man never, ever, admits he's wrong. That's very dangerous. It's scary. For a while, because Kamala was defeated, it looked like Morning in America. But unfortunately, morning only lasts six hours. Washington’s new “Big Beautiful Bill” may go down as the final nail in the dollar’s coffin."

Gregory Mannarino, "Alert! Global Debt-Shift, Government Sanctioned Digital Currency"

Gregory Mannarino, PM 7/16/25
"Alert! Global Debt-Shift, 
Government Sanctioned Digital Currency"
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Musical Interlude: Deuter, "Sound of Invisible Waters"

Deuter, "Sound of Invisible Waters"

"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."

"So, How Do You Beat The Odds..."

“So, how do you beat the odds when it’s one against a billion? You’re just outnumbered. You stand strong, keep pushing yourself against all rational limits, and never give up. But the truth of the matter is, despite how hard you try and fight to stay in control, when it’s all said and done, sometimes you’re just outnumbered.”
- “Meredith”, “Gray’s Anatomy”
“In the movie “The Lion in Winter”, when the sons, in the dungeon, think they hear Henry coming down the stairs to kill them:
Richard: ”He’s here! He’ll get no satisfaction out of us! Don’t let him see you beg! Take it like a man!”
Geoffrey: “You chivalrous fool! As if the way one falls down matters!”
Richard: ”Well, when the fall is all that’s left, it matters a great deal.”

"Does Anyone Know..."

"All sins, of course, deserve to be treated with mercy: we all do what we can, and life is too hard and too cruel for us to condemn anyone for failing in this area. Does anyone know what he himself would do if faced with the worst and how much truth could he bear under such circumstances?" 
- Andre Comte-Sponville
Joe South, "Walk A Mile In My Shoes"

"The Science of Why We Repeat Mistakes"

"The Science of Why We Repeat Mistakes"
by The Hutch Report

"History has shown us that we have made many, many mistakes as a society. It has also demonstrated that we tend to repeat previous mistakes made, despite our better judgement. “But why do so many people make the same errors over and over again?” This was the question asked in an article published in The Atlantic.

Procedural memory or Process memory is a part of your long-term memory. It is responsible for knowing how to do things. It is considered a subset of, what is sometimes referred to as, your subconscious memory. Memory is basically nothing more than the record left by a learning process. Thus, memory depends on learning. But learning also depends on memory. The knowledge stored in your memory provides the framework to which you link new knowledge by association.

When we do something repetitively it gets recorded into our neural pathways. The brain is not able to tell whether or not we are forming a good habit or a bad habit. Our neural pathways are therefore created for both positive and negative behaviors, depending on where you place your focus. Our brains see a repeated action, whatever it may be, and creates a pattern. It automates that action appropriately for the next time. This allows us to save energy.

A study by Johns Hopkins, published in the 'Journal of Current Biology', showed that a subject’s attention towards a previously reward-associated stimuli was positively correlated with the release of dopamine. “Dopamine released within the caudate and putamen is known to underlie habit learning and the expression of habitual behaviors.” This means that there is evidence that our brains are wired to pay attention to things that were once rewarding, even if they aren’t anymore.

We tend to fall victim to a number of human biases that dominate the direction of our thinking. The Ego Effect, or Egocentric Bias can lead us to keep making the same mistakes over and over again. Example, someone who is highly skilled in a certain expertise may struggle to imagine the perspective of others who are more unfamiliar with it.

In 1987 we experienced Black Monday in the US as the stock market fell precipitously. As Investopedia recounts, “There were some warning signs of excesses that were similar to excesses at previous inflection points. Economic growth had slowed while inflation was rearing its head. The strong dollar was putting pressure on U.S. exports. The stock market and economy were diverging for the first time in the bull market, and, as a result, valuations climbed to excessive levels, with the overall market’s price-earnings ratio climbing above 20. Future estimates for earnings were trending lower, but stocks were unaffected.”

During the savings and loan crisis, the US experienced the failure of 1,043 out of the 3,234 S&L banks from 1986 to 1995. It is believed that the failure began with inflation that started in the 1960s, which led to Paul Volker, U.S. Central Bank Chairman at the time, to raise interest rates. Mortgage rates eventually topped out at 18.45%. This helped bring on a recession which saw the beginning of the S&L crisis. Deregulation of the industry, combined with regulatory tolerance, and fraud worsened the crisis.

During the 1990s, we experienced a Finnish, Swedish and British banking crisis. In 1997, we experienced the Asian financial crisis. 1998 saw the Russian financial crisis, followed by the Ecuador and Argentinian financial crises in 1998-1999.

In 2008, we experienced a financial crisis that ravaged the economy and engulfed the country and the world. The government and the Central Bank intervened with a number of bailout programs, which saved the banks, stabilized the financial system and corporate America. Not surprisingly, the combination of regulatory tolerance and fraud allowed the banks freedom to do as they wished, and worsened the crisis…..once again.

Having the Central Banks and Governments backstop every poor practice perpetrated by financial institutions has, time and time again, created a situation of “moral hazard.” This essentially means that if you are confident somebody will bail you out, you will have a tendency to risk as much as you possible can.

In addition, financial institutions are looking for that dopamine hit. As we previously described from the Johns Hopkins study, our brains are wired to pay attention to things that were once rewarding to us. It is then understandable how greedy bankers will keep trying to identify those high risk, high payoff investments despite the risk and dangers.

Government, Central Banks and Regulatory authorities tend to fall prey to the Ego Effect bias. They believe that they are smarter than everyone else, and have a hard time to understand how the general population would not see things the way they do. It is all under their control!

So, we can see how not only have we not learned from our past mistakes, we continue to make them. Looking at the present economic situation, the level of asset prices and the bravado of the current Central Bankers, you can expect another crisis to arise, which will most likely be more severe than the last. Why? Simply because they have shown us that they are not capable of learning from past mistakes.

Does this mean that humans are not capable of learning from their mistakes? No, we certainly are. It just takes effort and a large amount of humility. It may not seem that way at the moment, but in an increasingly complex and uncertain world which we live, people and organizations that embrace failure and create a strong culture around learning from their mistakes will ultimately thrive. Hopefully we’ll learn from our mistakes following the next once-in-a-lifetime crisis!"

The Daily "Near You?"

Jaipur, Rajasthan, India. Thanks for stopping by!

The Poet: David Whyte, "One Day"

"One Day"

"One day I will say
the gift I once had has been taken.
The place I have made for myself
belongs to another.
The words I have sung
are being sung by the ones
I would want.
Then I will be ready
for that voice
and the still silence in which it arrives.
And if my faith is good
then we'll meet again
on the road,
and we'll be thirsty,
and stop
and laugh
and drink together again
from the deep well of things as they are."

- David Whyte,
"Where Many Rivers Meet"

"The poem is a little myth of man's capacity of making life meaningful.
And in the end, the poem is not a thing we see -
it is, rather, a light by which we may see - and what we see is life."
- Robert Penn Warren

"This Very Moment..."

“Hope is always about the future. And it isn’t always good news. Sometimes, hope can imprison us with belief or expectation that something will happen in the future to change our lives. Similarly hopelessness isn’t always about despair. Hopelessness can bring us right into this very moment and answer all of life’s most difficult questions. Who am I? Where am I? What does this mean? And what now?”
- Daniel Gottlieb

Kahlil Gibran, “The Seven Selves”

“The Seven Selves”
by Kahlil Gibran

“In the silent hour of the night, as I lay half asleep, my seven selves sat together and thus conversed in whispers:

First Self: "Here, in this madman, I have dwelt all these years, with naught to do but renew his pain by day and recreate his sorrow by night. I can bear my fate no longer, and now I must rebel."

Second Self: "Yours is a better lot than mine, brother, for it is given me to be this madman’s joyous self. I laugh his laughter and sing his happy hours, and with thrice winged feet I dance his brighter thoughts. It is I that would rebel against my weary existence."

Third Self: "And what of me, the love-ridden self, the flaming brand of wild passion and fantastic desires? It is I the love-sick self who would rebel against this madman."

Fourth Self: "I, amongst you all, am the most miserable, for naught was given me but the odious hatred and destructive loathing. It is I, the tempest-like self, the one born in the black caves of Hell, who would protest against serving this madman."

Fifth Self: "Nay, it is I, the thinking self, the fanciful self, the self of hunger and thirst, the one doomed to wander without rest in search of unknown things and things not yet created; it is I, not you, who would rebel."

Sixth Self: "And I, the working self, the pitiful laborer, who, with patient hands, and longing eyes, fashion the days into images and give the formless elements new and eternal forms – it is I, the solitary one, who would rebel against this restless madman."

Seventh Self: "How strange that you all would rebel against this man, because each and every one of you has a preordained fate to fulfill. Ah! could I but be like one of you, a self with a determined lot! But I have none, I am the do-nothing self, the one who sits in the dumb, empty nowhere and no-when, when you are busy re-creating life. Is it you or I, neighbors, who should rebel?"

When the seventh self thus spake the other six selves looked with pity upon him but said nothing more; and as the night grew deeper one after the other went to sleep enfolded with a new and happy submission. But the seventh self remained watching and gazing at nothingness, which is behind all things.”

"Never Regret Anything..."

"Meanwhile..."

Meanwhile, in a sane, civilized society, a much needed
 normalcy break from the never-ending bad, depressing news...
Full screen recommended.
Lisa with Love, 7/16/25
"Weekend In Modern Russian Village"
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"How It Really Is"