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Thursday, October 16, 2025

"Wars And Rumors of Wars: The Middle East"

Full screen recommended.
Prof. Seyed Mohammad Marandi, 10/16/25
"No One Is Ready for What Iran Is About to Do"
Comments here:
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Full screen recommended.
Prof. John Mearsheimer, 10/16/25
"Trump Steps In - 
Israel’s War Just Got Real"
Comments here:
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Full screen recommended.
Owen Jones, 10/16/25
"Ceasefire Is OVER: Israel Killing, 
Bombing And Starving Gaza"
Comments here:

"The End Of The Government Shutdown? Millions Getting Hurt"

Full screen recommended.
Snyder Reports, 10/16/25
"The End Of The Government Shutdown?
 Millions Getting Hurt"
Comments here:

Dan, I Allegedly, "People Beg Online for Groceries - Crowdfunding for Food"

Full screen recommended.
Dan, I Allegedly, 10/16/25
"People Beg Online for Groceries - 
Crowdfunding for Food"
"Can you believe we’ve reached a point where crowdfunding for groceries is becoming the new normal? In this video, I dive into the shocking reality of how economic struggles are forcing people to turn to platforms like GoFundMe just to get by. From rising costs and weak social safety nets to stories of widespread financial distress, this is a wake-up call for all of us. Let’s break down what’s happening, why it’s happening, and how it’s impacting families everywhere. The economy is shifting, and with it, so are the ways people are seeking help. GoFundMe campaigns are no longer just about emergencies - they’re now about survival. People aren’t heading to food banks or churches anymore; instead, they’re asking for help publicly online. It’s heartbreaking but also a sign of the times we’re living in. Let’s talk about inequality, rising costs, and the challenges of simply making ends meet today."
Comments here:
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Full screen recommended.
Michael Bordenaro, 10/16/25
"Top 10 Financial Hardships Americans Face Today"
Comments here:

Bill Bonner and Dan Denning, "Policy Creeps"

Federal Reserve Chairman Jerome Powell
"Policy Creeps"
by Bill Bonner

Baltimore, Maryland - "In our never-ending quest for reductio ad simplicitas...that is, making things as simple as possible so we can understand them...and keep track of them...we come to this: The more policies you have, the poorer you will be. Corollary: Changeable, discretionary policies are worse than those fixed by law.

You may have wondered. How is it possible that US GDP growth has actually gone down since WWII? The country has been flooded with immigrants. Each one adds to sales, output and GDP. The economy has also absorbed countless new innovations and discoveries. The internet has vastly increased the availability of information. And more or less free trade policies (until recently) gave the US a huge market to which it could sell its products and services, and from which it could buy the things that others produced more efficiently.

More patents. More Ph.Ds. More people. All the things that should lead to economic progress. And think of all we’ve learned about how to manage a business...or a country? How is it then - with so many advantages - that economic growth slowed down? In the 50s, 60s, 70s, 80s, and 90s, US GDP growth averaged around 4% per year. Now it’s around 2%. Cut in half. Trying to understand why, here at BPR we have focused on the money. Today, we introduce another obvious reason.

Since 1971, America has had an artificial currency that can be readily manipulated for political purposes. The politicians prefer low interest rates to higher ones. The low rates give the appearance of prosperity and thus help their re-election prospects. The lower rates, however, stimulate borrowing...which essentially shifts future GDP growth (from tomorrow’s sales and investment) to the present. That is, we borrow money, intending to pay it back from future earnings.

And now, after more than 50 years, we are in the future from which GDP growth was taken. Now, we have the debt from sales made long ago...but not the sales themselves. Though we are not paying off the debt directly, we are nevertheless paying the interest on all our past borrowing, thus devoting current GDP to spending that has already happened.

Note that this situation is about to get a lot worse. The Fed is not supposed to pay too much attention to the election cycle. But Donald Trump has put his ‘low interest rate man,’ Stephen Miran, on the Fed payroll. And Miran is expected to replace Jerome Powell when his term expires next year. Trump now openly discusses how he will appoint more of his political yes monkeys and make sure the Fed does what it is told to do. That will make America’s central bank more like those of countries such as Zimbabwe, Venezuela or Argentina...ready to ‘print’ as much money as the politicians require.

But money isn’t everything. There is also ‘policy creep.’ As we saw yesterday, the more government ‘policies’ you have...the less free you are to pursue your own policies. As governments become bigger, older, and more controlled by elites, they add even more ‘policies.’ At the end, for example, the Austro-Hungarian empire employed a third of the population. And they published a tax code in three huge tomes, with two columns per page, printed on thin paper in small type. There were 15 official languages in Austro-Hungary, including Yiddish and Ruthenian. Often, parliamentary policies allowed debates in languages most of the delegates didn’t speak.

US federal policies are less baroque but no less stifling. They often prevent action...or simply make it more difficult and expensive. Typically, economic progress slows. Federal policies, implemented by the vast army of public servants, are recorded for us in the Federal Register. In 1980, it had 70,000 pages. Last year, the count was up to 107,000 pages. And each page has a rule, a regulation, a no-no that a business must pay attention to. They tell farmers how high to pile their manure...or how high off the floor a toilet seat must be...or what kind of procedure a bank must follow when it suspects a customer of laundering money. The list of dos and don’ts is almost endless. For a large business, the cost of administration and compliance mounts up. For small businesses, without crackerjack legal help, it can be almost impossible to keep up. And like a golf course with 87 different traps, it creates an economy full of missed fairways."
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"Research Note," by Dan Denning

"Has the Federal Reserve already caved to pressure from President Trump and begun inflating asset values in the economy again? Earlier this week, Fed Chair Jerome Powell said the US central bank may be approaching the point ‘in the coming months’ where it will cease the balance sheet run off. More importantly for investors, Powell said the Fed has no plans to return the balance sheet to its pre-Covid size of around $4 trillion.

The use of the balance sheet to create bank reserves out of thin air is otherwise known as ‘Quantitative Easing.’ The run-off of the balance sheet - letting purchased securities mature without replacing them - is known as ‘Quantitative Tightening.’ In practice, the Fed purchases either US Treasury bonds/bills/notes from banks (or mortgage backed securities) by crediting the sellers account with newly created bank reserves.

The Fed becomes the proud owner of these assets. As you can see from the chart above, the Fed increased the size of its balance sheet by $5.2 trillion between September 2019 and May of 2022 to nearly $9 trillion. It do so by purchasing roughly $1.5 trillion in MBS (leading to a 40% rise nationwide in average house prices) and $3.7 trillion in US government debt.

What does all this mean now? Former Fed Chair Ben Bernanke - the god father of QE - once told then-Congressman Ron Paul that the Fed needed about $1 trillion in reserves on its balance sheet to guarantee enough cash in the economy and liquidity for the banking system in the event of a financial crisis. Now we learn from Powell that the Fed balance sheet will likely never be lower than $5 trillion again (it’s currently $6.5 trillion).

It my research note to paying subscribers tomorrow, I’ll look at whether Fed balance sheet expansion is inflationary…and if so…for what assets. That’s the problem with expanding credit in the banking system. You can create more bank reserves out of thin air. But you can’t control where they go or how fast they get there (the velocity of money). The relentless rise in gold and silver suggests at least some of this money is finding its way into precious metals…which cannot be created with a few keystrokes on a computer."

"Democrats Demand $5 Billion in Foreign Spending to Reopen Government"

"Democrats Demand $5 Billion in 
Foreign Spending to Reopen Government"
by Martin Armstrong

"The provisions placed by the Democrats are utterly absurd. The headlines discuss the issue of health care without mentioning the endless demands they’ve made that in no way benefit America or the American people. Half of our elected representatives are refusing to reopen the government unless the GOP agrees to send $5 billion in taxpayer funds to foreign nations.

What will these foreign nations do with our $5 billion in aid so crucial that the US government cannot effectively operate without it? Naturally, the majority of the package ($1.8 billion) will be funneled through USAID into NGOs that line politicians’ pockets. The organization will also require an additional $200 for administration costs.

Global Health and PEPFAR-linked Programs requires $900 million to fund globalist disease-based control through shady NGOs, the World Health Organization, and UNICEF. Humanitarian and Disaster Relief (International Disaster Assistance) to the tune of $850 million must be sent to places like Ukraine, Gaza and Sudan. Peacekeeping and Security Support will require $700 million and will be spent on FAILED missions in Haiti, Lebanon, and Mali, among others.

Forget America’s economy - the Democrats wants to provide $600 million to the Economic Support Fund (ESF) & Democracy Initiatives. The money will go toward anti-corruption measure, ironically, and governance and freedom programs throughout Eastern Europe and Latin America. Since the debt ceiling is of no concern, the Democrats want to spend another $440 to global organizations like FAO, UNDP, and the International Development Association.

The situation becomes stranger when you look at the details. Honduras apparently needs $25 million in aid immediately for “climate resiliency.” The Balkans require $5 million LGBTQ democracy grants. There is a plan to send $2 million to support Democratic feminist principles in Africa. Again, half of America’s elected officials believe the government simply cannot operate without this funding.

The Democrats cannot fathom why Republicans are not willing to spend an additional $1.5 TRILLION. That’s adding 25% of all federal spending on top of the current budget. Yet, these politicians grab their microphones and cry that the GOP wants to prevent “middle-class folk” from achieving the American dream. These people have destroyed the middle class and are intent on destroying the US economy because their actions only benefit their wallets rather than the people."

“'Prepare For War': B-52s Circle Near Venezuela, Trump Threatens Hamas, And Ukraine Is Very Close To Getting Tomahawk Cruise Missiles"

"War does not determine who's right... only who's left."
- Bertrand Russell

“'Prepare For War': B-52s Circle Near Venezuela, Trump Threatens 
Hamas, And Ukraine Is Very Close To Getting Tomahawk Cruise Missiles"
by Michael Snyder

"When hundreds of America’s admirals and generals gathered at a military base in Virginia on September 30th, Secretary of Defense Pete Hegseth instructed them to “prepare for war”. Unfortunately, he was not exaggerating. We are on the brink of war with Venezuela, President Trump is threatening to take military action if Hamas does not disarm, our relations with China are rapidly deteriorating, and if we give Tomahawk cruise missiles to Ukraine that will put us just one step away from a nuclear war with Russia. I am entirely convinced that the months ahead will be extremely dramatic. Let us hope that global leaders make wise decisions during this time, because a single miscalculation could lead to the unthinkable.

On Monday, it was being reported that three B-52 bombers have been “hovering near Venezuelan airspace”… "Massive U.S. B-52H Stratofortress bombers have been spotted flying sorties over the southern Caribbean, hovering near Venezuelan airspace in a clear demonstration of military might. Three aircraft - call signs BUNNY01, BUNNY02, and BUNNY03 - were observed on extended flight patterns from Louisiana’s Barksdale Air Force Base in a striking show of force aimed at Venezuelan leader Nicolas Maduro.

This comes as the Trump administration has stepped up military operations in the region, including a series of recent strikes on vessels off Venezuela’s coast that the U.S. linked to narcotics trafficking. The strikes, which have resulted in multiple fatalities, have drawn condemnation from Caracas and heightened concerns about escalating tensions between the two countries. Many pundits believe that threatening Venezuela with B-52 bombers is essentially a “final warning” to the regime of Nicolas Maduro. Trump wants Maduro to step down peacefully, but that isn’t going to happen."

Meanwhile, we continue to bomb Venezuelan ships that are trafficking drugs…The US military conducted yet another strike on a boat alleged to be trafficking drugs off the coast of Venezuela, killing six people on board, President Donald Trump announced Tuesday. Trump said that the vessel was “affiliated with a Designated Terrorist Organization” but did not name any organization or provide evidence to back up the assertion.

“Intelligence confirmed the vessel was trafficking narcotics, was associated with illicit narcoterrorist networks, and was transiting along a known DTO route,” Trump said on his Truth Social platform. “The strike was conducted in International Waters, and six male narcoterrorists aboard the vessel were killed in the strike. No U.S. Forces were harmed.”

Bombing ships that are carrying narcotics is one thing. Bombing Venezuelan territory would be an entirely different thing altogether. Maduro is extremely concerned about what is coming, and so he is mobilizing his forces… In a message on the Telegram social network, Maduro said he was mobilizing the military, police and a civilian militia to defend Venezuela’s “mountains, coasts, schools, hospitals, factories and markets.” State television showed images of armored vehicles deploying in the sprawling low-income Caracas suburb of Petare, a traditional stronghold of socialist support. Military exercises will also take place in Miranda state, which neighbors Caracas. If the U.S. goes to war with Venezuela, our relations with other South American nations such as Colombia will be destroyed. Hopefully Trump will back down while there is still time to do so.

In the Middle East, the situation is very tense. We are being told that the ceasefire deal in Gaza “hangs by a thread”, and Trump is publicly threatening to “make them disarm” if Hamas does not disarm willingly…"Donald Trump has threatened to forcibly disarm Hamas if they refuse to give up their weapons as the Gaza ceasefire deal hangs by a thread. ‘They will disarm — and if they don’t I’m gonna make them disarm,’ the president told reporters at the White House on Tuesday. ‘They know what I mean.’"

Trump warned that America stood ready to bring about Hamas’s disarmament ‘quickly and perhaps violently.’ Hamas is not going to hand over all of their weapons. That simply is not going to happen. So how would Trump make Hamas disarm? Would he send in U.S. troops?

Israeli Prime Minister Benjamin Netanyahu is also suggesting that the second phase of Trump’s peace plan may not be accomplished peacefully…He noted that the conditions of Mr. Trump’s 20-point peace plan “are very clear - it’s not only that we get the hostages out without getting our military out, but that we would subsequently have both demilitarization and disarmament. They’re not the same thing. First Hamas has to give up its arms. And second, you want to make sure that there are no weapons factories inside Gaza. There’s no smuggling of weapons into Gaza. “We also agreed: Okay, let’s get the first part done. Now let’s give a chance to do the second part peacefully, which is my hope.” We’ll see what happens. Hamas officials have already stated that they will never hand over all of their weapons, and so the clock is ticking.

In addition, there is another factor would could potentially cause the peace deal to collapse. Many in Israel are calling for the peace deal to be suspended “until all of the hostages’ remains are returned by Hamas”… Both the Israeli Hostages and Missing Families Forum, the group which represents the hostage families, and Israel’s defense minister have said the entire peace deal should be shelved until all of the hostages’ remains are returned by Hamas. The Israel Defense Forces, in multiple statements about the return of hostages since Friday, has said only that “Hamas is required to make all necessary efforts to return the deceased hostages.” My personal opinion is that Hamas will never be able to locate many of those bodies. So it will be impossible for all of the remains to be returned, and that may turn out to be a major issue. I will be watching the Middle East very, very closely during the weeks ahead. Sooner or later, more war is coming to the region.

Elsewhere, the conflict in Ukraine has escalated to a very dangerous level. It is being reported that the United States “has for months been helping Ukraine mount long-range strikes on Russian energy facilities”…Fresh reporting in the Financial Times offers more confirmation that the Trump administration has been escalating the proxy war in Ukraine against Russia, in hopes of forcing Moscow to the negotiating table.

The Sunday report makes clear that “The US has for months been helping Ukraine mount long-range strikes on Russian energy facilities, in what officials say is a coordinated effort to weaken Vladimir Putin’s economy and force him to the negotiating table.” “American intelligence shared with Kyiv has enabled strikes on important Russian energy assets including oil refineries far beyond the frontline, according to multiple Ukrainian and US officials familiar with the campaign,” it adds.

When we participate in such strikes, we are actively making ourselves a part of the conflict. In other words, we are already essentially in a state of war with Russia. We should be very thankful that the Russians have shown a tremendous amount of restraint, but now we are rapidly approaching a point of no return.

On Sunday, Trump made it clear that he is very close to sending Tomahawk cruise missiles to Ukraine…President Trump, speaking aboard Air Force One on Sunday, outlined the idea as part of negotiation tactics. He said: “I might say ‘Look: if this war is not going to get settled, I’m going to send them Tomahawks.'” And I don’t think that it is a coincidence that key Ukrainian leaders just met with representatives of the company that manufactures Tomahawks…

"Senior Ukrainian officials visiting the U.S. have met with major U.S. defense companies, including the manufacturer of the Tomahawk missile that Kyiv has repeatedly requested. Ukraine’s prime minister, Yulia Svyrydenko, Rustem Umerov - formerly Ukraine’s defense minister, now the head of the country’s national security and defense council - as well as Ukrainian Ambassador to the U.S. Olga Stefanishyna met with representatives from Raytheon and Lockheed Martin, said Andriy Yermak, Ukrainian President Volodymyr Zelensky’s chief of staff."

Giving Tomahawk cruise missiles to Ukraine would be an exceedingly foolish thing to do. Tomahawks were originally designed to be able to carry nuclear warheads. And as Dmitry Medvedev has correctly pointed out, “it’s impossible to distinguish a nuclear Tomahawk missile from a conventional one in flight”… Medvedev’s chilling response on Monday spelled out that this “could end badly for everyone … most of all, for Trump himself,” according to a translation of his Telegram post.

“It’s been said a hundred times, in a manner understandable even to the star-spangled man, that it’s impossible to distinguish a nuclear Tomahawk missile from a conventional one in flight,” Medvedev, who serves as the Russian Security Council Deputy Chair, further noted. Medvedev here is alluding to Russian strategic doctrine. In a scenario where Moscow leaders believed or suspected a nuclear payload had been launched at Russia, its military would have the right to respond in kind, with nukes.

If Tomahawk cruise missiles are fired toward major Russian cities, will the Russians wait to see what happens when they strike their targets or will they fire back while the Tomahawks are still in the air? If cruise missiles that are capable of carrying nuclear warheads were fired at Washington D.C. or New York City, what would we do? You might want to think about that.

The Russians are not bluffing when they warn that we are getting dangerously close to nuclear war. If we push them too far, they will take action. Kremlin mouthpiece Vladimir Solovyov just issued an extremely ominous warning… "Apparently referencing nuclear war between Russia and the West, he continued: “You will be destroyed, it’s clear and precise. You don’t have to listen to us, to love us or to giggle… I will tell you once again: We do not need your love, we need your fear. Animal-like horror. It will get to this, it certainly will.” Threatening the Russians will not work. If we continue to threaten the Russians, it will backfire severely.

This is not a game. There are approximately 8 billion people living on our planet today, and their fates are hanging in the balance. So let us hope for peace, but let us also prepare for war, because I believe that a lot more war is coming."
- https://theeconomiccollapseblog.com/

Adventures With Danno, "Massive Price Increases At Kroger, And Some Empty Shelves!"

Full screen recommended.
Adventures With Danno, 10/16/25
"Massive Price Increases At Kroger,
 And Some Empty Shelves!"
Comments here:

Wednesday, October 15, 2025

"The West Obsession with Putin"

"The West Obsession with Putin"
by Larry C. Johnson

"Most Americans’ understanding of Russia, its people, its culture and its geopolitics comes via a distorted media lens that is committed to propagating a narrative built around a presumed cult of personality… And that personality is Vladimir Putin. Just consider these recent quotes:

Mark Rutte: "This is an open press conference - I know Putin’s listening, so I don’t want to make him too wise."

Donald Trump: "Trump stated that Zelensky will request Tomahawk missile supplies on Friday but did not say what his response would be. According to the American, 🇷🇺Moscow does not want to end the conflict. Among other things, Trump said, “Putin was supposed to win this war in one week. Now he is entering the fourth year of the war."

Donald Trump: "Expressed being “very disappointed” that Putin is unwilling to end the war, which he called “horrible.” Suggested Russia has suffered heavy losses and that its economy is struggling."

Inherent in these comments is the ridiculous belief that the war in Ukraine is solely the work of Vladimir Putin, and that Putin is a grand authoritarian dictator who is compelling millions of Russians to submit to his madness. The truth is otherwise. While President Putin is a consequential historical figure and is the face of Russia’s resurrection as a world superpower, Russia is a complex society, blessed with strategic depth in terms of minerals, natural resources, industrial capacity and, most importantly, highly educated, competent people.

I have been genuinely puzzled by the Western attitude towards Putin - at least the current attitude, which is quite hostile - and did an systematic analysis of media coverage of Putin starting in 1999. Prior to March 2003, press coverage in the West about Putin was generally very positive. That came to a halt in March of 2003 when Vladimir Putin came out in strong opposition to the US invasion of Iraq. I think Putin’s refusal to be the submissive-bitch of the West is the reason for the animus direct at him personally, and Russia in general.

I have only been in Moscow for less than 24 hours, and I have not been able to talk with a broad swath of people. However, after watching the local TV stations it is clear that the war in Ukraine continues not just because Putin wants it… An overwhelming majority of the Russian people recognize they are in an existential battle with the West and, if anything, want the Russian government - meaning not just Putin, but the General staff - to pursue the war more aggressively. I discussed this with Danny Davis in the video above."

Scott Ritter, "Nuclear Nightmare - Trump Pushed Us Over Edge"

Scott Ritter, 10/15/25
"Nuclear Nightmare - 
Trump Pushed Us Over Edge"
Comments here;
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Col. Douglas Macgregor 10/15/25
"The Final Warning - 
Moscow Prepares for a Major Strike"
Comments here;

Michael Bordenaro, "The Economy is Crashing And Everyone Knows It"

Full screen recommended.
Michael Bordenaro, 10/15/25
"The Economy is Crashing And Everyone Knows It"
Comments here;

Jeremiah Babe, "Confronting A Trespasser On My Property; Cities Will Be The Worst Place To Live, Society Is Falling"

Full screen recommended.
Jeremiah Babe, 10/15/25
"Confronting A Trespasser On My Property; 
Cities Will Be The Worst Place To Live, Society Is Falling"
Comments here;

"NASA Quantum AI Cracked Grok 4's Buga Sphere Code - It's Conscious"

Full screen recommended.
Spacialize and Astreon Space, 10/15/25
"NASA Quantum AI Cracked Grok 4's
 Buga Sphere Code - It's Conscious"
"NASA's quantum AI validates Grok 4's analysis of the Buga Sphere, a mysterious metallic object discovered in Colombia. The video explores the sphere's unusual properties and the AI's predictions, examining its structure and potential origins. Cutting-edge imaging and spectral analysis are used to further investigate this enigmatic artifact."
Comments here:

Musical Interlude: Liquid Mind, "Moment of Grace Part 1"

Full screen recommended.
Liquid Mind, "Moment of Grace Part 1"

"A Look to the Heavens"

 "Is our Milky Way Galaxy this thin? Magnificent spiral galaxy NGC 4565 is viewed edge-on from planet Earth. Also known as the Needle Galaxy for its narrow profile, bright NGC 4565 is a stop on many telescopic tours of the northern sky, in the faint but well-groomed constellation Coma Berenices. This sharp, colorful image reveals the spiral galaxy's boxy, bulging central core cut by obscuring dust lanes that lace NGC 4565's thin galactic plane. 

An assortment of other background galaxies is included in the pretty field of view. Thought similar in shape to our own Milky Way Galaxy, NGC 4565 lies about 40 million light-years distant and spans some 100,000 light-years. Easily spotted with small telescopes, sky enthusiasts consider NGC 4565 to be a prominent celestial masterpiece Messier missed."

"A Point Of No Return..."

”There is a point of no return, unremarked at the time, in most lives.”
- Graham Greene
“When swimming into a dark tunnel, there arrives a point of no return when you no longer have enough breath to double back. Your only choice is to swim forward into the unknown… and pray for an exit.” - Dan Brown
“And it was pointless… to think how those years could have been put to better use, for he could hardly have put them to worse. There was no recovering them now. You could grieve endlessly for the loss of time and for the damage done therein. For the dead, and for your own lost self. But what the wisdom of the ages says is that we do well not to grieve on and on. And those old ones knew a thing or two and had some truth to tell… for you can grieve your heart out and in the end you are still where you were. All your grief hasn’t changed a thing. What you have lost will not be returned to you. It will always be lost. You’re left with only your scars to mark the void. All you can choose to do is to go on or not. But if you go on, it’s knowing you carry your scars with you.” - Charles Frazier
“Never be ashamed of a scar.
It simply means you were stronger than whatever tried to hurt you.”
- Unknown

"War..."

“When people speak to you about a preventive war, 
you tell them to go and fight it.”
- Dwight D. Eisenhower
"Humanity is the spirit of the Supreme Being on earth, and that humanity is standing amidst ruins, hiding its nakedness behind tattered rags, shedding tears upon hollow cheeks, and calling for its children with pitiful voice. But the children are busy singing their clan's anthem; they are busy sharpening the swords and cannot hear the cry of their mothers."
- Kahlil Gibran
U.S. Navy Hospital Corpsman HM1 Richard Barnett, assigned to the 1st Marine Division, holds an Iraqi child in central Iraq in this March 29, 2003 file photo. Confused front line crossfire ripped apart an Iraqi family after local soldiers appeared to force civilians towards positions held by U.S. Marines.

"Welcome to the Warfare State"

"Welcome to the Warfare State"
by Doug Casey

"War is one of the few things that only the State can do. Indeed, as Randolph Bourne said, "War is the health of the State." Let's briefly discuss the nature of the State to see why World War 3 is on the way.

The State is like any other living entity: its prime directive is to survive and grow. Bear in mind that the State - the government - is not at all the same thing as the country or society, even though it claims to be. It's not "We the People"; it's a distinct entity with its own discrete interests. And that's actually too mild an assertion. While individuals and companies prosper by providing goods and services to others through voluntary exchange, the State specializes in coercion.

There's nothing voluntary about the State. Its main products have always been pogroms, persecutions, confiscations, taxation, inflation, censorship, harassment, repression - and war. 
The State is not your friend. Mass murder and wholesale destruction are bad enough in themselves. But in wartime, the State enables them with new taxes, new debt, draconian controls, and new bureaucracies. These things linger long after the war is over.

Worse yet, the State does these things with the sanction of the victim; the typical citizen has been taught that almost anything is justified by "national security." Anyone who would normally protest these depredations in peacetime soon learns to dummy-up when there's a war for fear of being lynched for sympathizing with the invariably demonic enemy.

After the war - assuming a victory, of course - the State's debt, taxes, regulations and general size never return to pre-war levels. They ratchet up to ever higher plateaus, requiring the State to do more of the same to justify its existence. Government programs, of whatever description, are almost never pulled out by their roots. At most, they're trimmed, which has the same effect as pruning a plant, i.e., they're encouraged to grow back bigger and stronger. Why am I saying these scary things? Because we're clearly heading towards a big war.

A Clear and Present Danger: I want to make a point in this article that many will find unpalatable, perhaps even incredible: In today's world, the US military is nearly useless in countering potential threats from abroad. It's actually a positive danger. And it's not ready for a real war. If you're looking for a comforting mainstream analysis, I don't have much. Let's start with the North Atlantic Treaty Organization.

NATO is a US government program that's taken on a life of its own. Its original purpose was to defend against the Warsaw Pact. But although the Soviet Union and its allies ceased to exist as a military threat in the early 1990s, NATO has continued to grow. Despite agreements with Russia, it's grown right to their border, even adding traditionally neutral states like Finland and Sweden.

Even if you assume that NATO doesn't provoke WW3 over the Ukraine (setting aside a discussion of who's right or wrong and who really started it), the Chinese are likely next on the dance card. They can only see the allied Western states as pointing a gun in their direction. To them, NATO is a provocation to a cultural/racial war. NATO encourages them to make building their military a high priority.

So much for the "End of History." As long as nation-states exist, there will be violent conflict between them. But the way I see it, the nature of war, and even the nation-state itself, is going to change radically over the next 20 years. And, as has been the case throughout history, a prime mover is going to be technology.

Weaponry & Strategy: It's an old saying: "Generals always fight the last war." That's not because they're (necessarily) stupid. But by the time a man gets a bunch of stars on his epaulets, you're only assured of a competent bureaucrat with good political skills, not someone with a great military mind. Bureaucrats are not daring innovators; they do things by the book. That gives them CYA excuses and plausible deniability if things go wrong.

Apart from simple inertia, fighting the last war makes sense. For one thing, it's what they know. For another, the equipment and tactics in question have been tested. For another, the weapons exist, and when a war starts, you basically have to "run what you brought." Whether they can get away with fighting the last war depends mainly on whether there has been a significant change in technology. Up to early industrial times, one change in a lifetime was a lot. After all, how often do major innovations like the stirrup or gunpowder come along? But since the advent of industrialized warfare with the American conflict of 1861-1865, changes have been very rapid, and the rate of change is accelerating at warp speed.

The military is not unaware of this; as I said, they're not stupid. In fact, today's officers are highly educated; almost all are college graduates, for what that's worth. Most field grade officers have done graduate work as well. That's one reason the US emphasizes high-tech weaponry. The military is throwing ever greater amounts of money on larger, more complex, and vastly more expensive pieces of equipment. The idea is to stay technologically ahead of any potential enemies. Maybe the US can maintain its lead as long as it's a simplistic scenario of our tanks, planes, and ships against theirs. But the chances of things staying that simple are close to zero. The whole paradigm is about to change.

This is true for several reasons: today's "hi-tech" weapons (F-35 fighters, Abrams tanks, aircraft carriers) are already obsolete. They're certainly a nightmare to maintain and keep personnel competent. New drones, missiles, and torpedoes are both superior to and vastly cheaper than conventional weapons. Biological and cyber weapons obviate them all. If they're deployed in earnest, it's "Game Over".

Projecting force worldwide with 800 bases, $100 million aircraft, and carrier fleets, is ruinously expensive, especially for a bankrupt government that's "on tilt". But that's the essence of American doctrine. The concept of "defense" itself is obsolete for a nation-state. Let's look at this in a bit more detail.

1. Today's "Hi-Tech" Weapons Are Obsolete: Starting with a blank piece of paper, during World War II, the US developed one of the conflict's finest fighters, the P-51 Mustang, in 117 days and produced it for $50,000 a copy - say about $500,000 in today's dollars. It's true that the F-35 is considerably more complex, but relative costs should have been dropping because of advances in materials, techniques, computers, robotics, and such, not escalating over 100-fold in real terms. A friend who knows about these things tells me that every hour of operating time on an M-1 Abrams requires 8 hours of maintenance. For a F-16, it's 20 hours. It shouldn't come as a surprise that only 30% of F-35's are flyable at any given time.

Unsustainable runaway costs are apparent everywhere. When you're paying upwards of 15 billion dollars for an aircraft carrier (without any aircraft or auxiliary ships), $500 million for a B-2, and $7 million for a tank, you can't afford to buy very many of them. And you absolutely can't afford to lose any. Apart from the costs, it takes many months or years to produce more.

On the other hand, despite sophisticated defense armaments, a swarm of cheap sea-skimming missiles might sink a carrier and its 5000-man crew - not to mention a single hypersonic missile. A hit with a cheap shoulder-fired missile can bring down any low-flying aircraft, and at $10,000 a copy, the battlefield can be peppered with them. Fire-and-forget missiles transform tanks into expensive iron coffins; ultra-cheap commercial drones can drop explosives anywhere. Cheap, accurate, small, and numerous missiles are the modern equivalent of Sam Colt's six gun, which not only made the little guy equal to the big guy, but superior - because big guys are big targets. Drones the size of bumblebees will seek out highly trained and very expensive infantrymen.

Like a small person who knows he shouldn't fight a giant on his own terms, US adversaries will use the military equivalent of Aikido, turning the opponent's own might against him. The Houthis in Yemen recognize that it costs the Americans millions to blow up a mud hut, which is, in popular parlance, "unsustainable." In addition to creating more enemies. They see themselves as the under-gunned rebels in Star Wars when they destroy the Empire's Death Star, substituting daring and cleverness for the enemy's overwhelming physical capital.

2. Today's Conventional Weapons Will Soon Be Totally Obsolete: This whole discussion will be completely academic in a generation when nanotechnology becomes practical. The idea is the creation of machines and supercomputers atom by atom. The essence of the technology is making things larger from a molecular level rather than trying to miniaturize them.

It's likely to be the most important event in human history, including the conquest of fire. It will change the very essence of life itself totally, irrevocably, and unrecognizably - including the nature of armed conflict. An excellent, albeit conservative, description of a nanotechnic future is offered by Neal Stephenson in "Diamond Age", which I highly recommend. Nanotech weapons will be available to everyone after a delay, much as gunpowder was in the 15th century. That assumes, of course, that the cyber and bioweapons now available to everyone don't obviate the whole question.

In the meantime, the trend to miniaturization will continue apace. Microchips and other computer components are commercially available everywhere, and they're cheaper and more powerful every day. The next generation of weapons will be highly miniaturized robots, weighing at most a few pounds apiece, probably designed with running or flying insects as models. Construction will be facilitated by the use of off-the-shelf electronic products. That’s in addition to full-size Terminator-style robots, AI-piloted and armored vehicles.

A $50 billion fleet can be devastated by a few score missiles; a formation of soldiers wouldn't stand a chance against an attack by thousands of very cheap microbots. Just as a hundred tiny ants can easily overwhelm a scorpion, cheap and tiny machines will turn current military behemoths into useless artifacts. Any country will be able to have a truly formidable military for a fraction of today's costs.

3. Overextension as a Formula for Disaster: Fighting a war next door is one thing; doing so on the other side of the world is something else again. Fuel, materials, and troops are very costly to transport and maintain at the end of a 10,000 mile airlink. Doing so is likely to result in what has been called "imperial overstretch"; if you try to cover all the bases, you become overextended, vulnerable, and bankrupt. The US currently maintains a military presence of some description in about 100 countries, and almost all of those emplacements are an active provocation to somebody.

Question: If social spending cannot or will not be cut, with $1 trillion in interest that must be paid each year, debt growing at $2 trillion per annum, and money already being created by the trillions annually, what is going to give when times get tough? Will the government get involved in yet another serious foreign military adventure? Of course. They see it as a solution, not a problem.

A poor country can fight a war using human capital - like Korea in the 1950s or Vietnam in the 1960s. But a country like the US is almost forced to use financial and technological capital because human life has a high price tag for us. That makes for a problem when we don't have the financial resources to maintain a military that's both very expensive and ineffective. Can the US afford to fight a continuous war in the alleged search for continuous peace? The experience of previous empires, from the Romans on, suggests the answer is no.

America's best defense is a strong economy with lots of technological innovation, not an overweening military. If the US government, with its taxes, regulations, currency inflation, and welfare, were to disappear, the country would experience the greatest and most genuine boom in world history. In a decade, even China would appear as relatively insignificant as Nigeria today. It would be almost impossible to threaten a genuinely advanced America.

It's equally important not to give any government or group a reason to launch an attack. People the world over love the idea of America; they love the culture, the cars, the food, the freedom, you-name-it. They like the good things American corporations used to make. They don’t mind good-natured, free-spending American tourists. What they don't like is US boots on the ground or in their airspace, fomenting coups to install "democracy." If Washington DC ceased to exist, the other 96% of the planet's population would have no more incentive to strike America than Costa Rica.

Of course, I may be anachronistic in that view. Over the last 50 years, while the US was building an arsenal to fight Russia and China, a different threat has been building. The Muslim world, which has been in what amounts to a Forever War with the West for 1400 years, is cyclically on the march again. They have two very important weapons.

One is firm and fanatical beliefs. The West, on the other hand, has lost all confidence; it's flaccid and believes itself to be evil. As Napoleon said, in warfare, the psychological is to the physical as three is to one. The prognosis for America and Europe is not good. They'll be conquered both psychologically and by migration. America's bloated military will be useless.

Islam's second weapon is many hundreds of millions of young Mohammedans. From a military viewpoint, they are infiltrating the demographic and political structure of the West and changing it. And if things ever go kinetic, scores of millions of young fighters are cheaper and more effective than expensive hi-tech hardware. There's much more to be said on the topic of the Forever War with Islam.

Where this is Going: As a reader, I presume you agree with me on some of the above or are at least willing to listen to the argument with an open mind. I suspect that's not the case with most Americans, however. They view the military as a national treasure or even an icon.

On one level, I can understand this atavistic attachment. As a kid I wanted to go to West Point- but was cured of the temptation by four years of military high school. In college, during the Vietnam War, I was signed up for the Marines PLC program (yes, I was a slow learner). But then I simultaneously drew 365 of 366 in the draft lottery (it was a leap year) and was medically rejected as 1-Y because I had broken my right leg in 17 different places only a year before. At that point, I figured the cosmos was trying to send me a message like, "If you really want to go to Vietnam, do you really need the government to pay your way?"

American's warm feelings toward the military are largely misplaced. And I speak as someone who likes soldiers. Whatever its star-spangled history, the US military no longer serves much of a useful purpose because of the ongoing evolution of technology. Worse, it's become an active danger. What's left of its esprit de corps is being eroded by DEI, LGBT, and anti-whiteism. Soldiers' first loyalty is naturally to each other - although that's been weakened by Wokism. Their next loyalty is to their employer, who they trust less and less. Their third loyalty is to those they supposedly protect and serve, but they have less and less in common with them. Combine those problems with others I've listed, and it's no wonder the militaries of Western countries are becoming less and less reliable and effective. Not good; at the very time their governments are provoking war with Russia, China, and smaller counties.

Let me sum things up. US foreign policy is putting this country on a collision course with any number of other countries. The US military is in a position to fight the last war, but not the next one, because the weapons the US is loading up on are basically dinosaurs. And like dinosaurs, they're unbelievably expensive to feed. The likely bankruptcy of the government during the next economic downturn will make feeding them near impossible.

When the next conflict occurs, it's likely to do extensive damage in the US itself. It will be hard to insulate yourself from World War 3. It makes the Southern Hemisphere look better all the time.

Your first line of defense, of course, is common sense survivalist stuff. You know the drill: buy gold, silver, and get a survival retreat with a year's supply of food, fuel, and ammunition. Keep gaining skills and knowledge. Try to become self-employed. Surround yourself with reliable, like-minded associates. Keep a low profile with the authorities. And, I might add, enjoy yourself; don't take things too seriously. We're dealing with the human condition."

The Daily "Near You?"

Stevenson, Alabama, USA. Thanks for stopping by!

"Until You Stop Choosing the Life You Say You Hate, You’ll Never Be Happy"

Full screen recommended.
"Until You Stop Choosing the Life You 
Say You Hate, You’ll Never Be Happy"
by Mind's Space

"Are you tired of living the same life you say you hate - yet somehow keep choosing it every day? This video dives deep into the truth behind self-sabotage, comfort zones, and the unconscious choices that keep us stuck in cycles of unhappiness. Until you stop repeating the patterns that drain your spirit and limit your potential, happiness will always feel out of reach. In this transformative message, we’ll explore how to break free from mental loops, emotional traps, and fear-based decisions that hold you back. You’ll learn how to consciously choose yourself, your peace, and your growth - instead of settling for the version of life that keeps you small. If you’re ready to stop surviving and start living, this is your wake-up call."
Comments here:

"The Reality Of Life..."

"Despite my firm convictions, I have been always a man who tries to face facts, and to accept the reality of life as new experience and new knowledge unfolds it. I have always kept an open mind, which is necessary to the flexibility that must go hand in hand with every form of intelligent search for truth."
- Malcolm X

"A Dreamer..."

"And why does it make you sad to see how everything hangs by such thin and whimsical threads? Because you’re a dreamer, an incredible dreamer, with a tiny spark hidden somewhere inside you which cannot die, which even you cannot kill or quench and which tortures you horribly because all the odds are against its continual burning. In the midst of the foulest decay and putrid savagery, this spark speaks to you of beauty, of human warmth and kindness, of goodness, of greatness, of heroism, of martyrdom, and it speaks to you of love.”
- Eldridge Cleaver

Musical Interlude: Moody Blues, "Forever Autumn"

Full screen recommended.
Moody Blues, "Forever Autumn"

"How It Really Is"


U.S. National Debt Clock: Real Time

Horrifyingly fascinating...

Economic Market Snapshot, 10/15/25

o
Full screen screen recommended.
Finance Economist, 10/15/25
"The Collapse for Millions of Americans Has Begun"
"This video isn’t clickbait it’s a call to wake up. The collapse for millions of Americans has already begun. We’re talking about working people who can’t afford shelter, exploding debt, vanishing infrastructure, and a system rigged to harvest every last dollar from your pocket. This is not just inflation. It’s systemic breakdown. Watch carefully: the data proves how deep it goes and what’s coming next."
Comments here:
o
Full screen recommended.
Michael Bordenaro, 10/15/25
"Record Number Of Seniors Are 
Selling Their Homes And Renting"
Comments here:
o
Full screen recommended.
ThisisJohnWilliams, 10/15/25
"America’s Shutdown Just Got Worse,
 50% of IRS Agents Fired Overnight"
Comments here:
o
Full screen recommended.
Mark Moss, 10/15/25
"A Once in a Lifetime Crash is Coming, 
Worse Than 2008"
"The crash everyone’s talking about right now will be worse than 2008… but not in the way almost everyone thinks it’s going to happen. See, the media is bracing you for another housing collapse or a stock market wipeout - but that’s not the real danger. This time, the bubble isn’t in real estate or banks… It’s in a completely different sector that no one is watching - and when it pops, the crash effects will be nothing like what most people are preparing for."
Comments here:

"Modern Consumerism: The Perfected Form of Slavery"

Full screen recommended.
The Psyche, 10/15/25
"Modern Consumerism: 
The Perfected Form of Slavery"

"What if the greatest illusion of our time is the belief that we are free? In this video, we uncover the hidden psychological architecture behind modern consumerism - how it evolved from a simple economic system into the most sophisticated form of mental control ever created. From Edward Bernays’ manipulation of the unconscious mind to the algorithms that shape our desires today, this film exposes how our thoughts, habits, and identities have been programmed to serve an invisible empire of consumption. You’ll learn: How advertising and social media rewired human psychology. Why freedom has been replaced by dependency on desire. The connection between consumerism, self-image, and spiritual emptiness. And most importantly, how to break free from the illusion and reclaim true awareness.

This is not just a critique of capitalism - it’s a mirror for the modern soul. Watch until the end, because the final revelation might change the way you see yourself, your choices, and the world around you. Freedom begins with awareness. If this message resonates, share it - and help others awaken from the illusion."
Comments here:
o
Freely download "To Have Or To Be", by Erich Fromm, here:

Dan, I Allegedly, "Mark Cuban Just Backed the Most Dangerous Loan Ever - The Auto Pawn Trap"

Full screen recommended.
Dan, I Allegedly, 10/15/25
"Mark Cuban Just Backed the Most 
Dangerous Loan Ever - The Auto Pawn Trap"
"Mark Cuban’s latest venture, Yendo, is making waves - and not in a good way. In this video, I expose the shocking truth behind what some are calling the “Auto Pawn Trap.” Yendo promises financial relief by letting you borrow against your car, even with bad credit or no job. Sounds great, right? Not so fast. With staggering 30% interest rates, hidden fees, and the constant threat of repossession, this scheme targets the most financially vulnerable. Is this “solution” ruining lives instead of helping? You decide. I share my personal experience with auto-backed loans and why this double debt trap is a financial nightmare waiting to happen. From repossession horror stories to the grim reality of payday loan-level interest rates, this is a wake-up call for anyone considering Yendo. Spoiler: it’s NOT the answer! Plus, I dive into Mark Cuban’s involvement and why he should focus on financial education instead of funding predatory financial products."
Comments here:

John Wilder, "The Looming A.I. Market Bubble"

"The Looming A.I. Market Bubble"
by John Wilder

"Elon Musk promises a supercomputer cluster bigger than Texas that’ll make Skynet™ look like an HP-15C®. It even has a creepy name for those who know film history: Colossus™. Of course, it’s going to require more power than a quiver of Antifa® mainlining Red Bull© during a riot. I like that. A herd of cattle, a murder of crows, and a quiver of Antifa©.

But it’s not just Elon. There’s also Sam Altman, that pint-sized messiah of OpenAI© is out here swearing he’ll build data centers the size of Afghanistan, all to birth the AI-god-emperor that’ll finally figure out why fish from Long John Silver’s® always tastes like regret.

But here’s the kicker: this might be the biggest Ponzi scheme in history. If /When this AI bubble pops, it may very well make the dotcom crash look like look like a lost wallet. On recent analysis I saw was over here (LINK) by Ed Zitron, and no, I’m not going to make fun of his last name as tempting as that might be since he writes well. When I read it, it wasn’t behind the paywall, but it was also insightful. Trust me. His conclusion?

According to Ed’s analysis, the AI hype train is barreling toward a cliff made of physics, bad math, and even worse economics. If Mr. Zitron is correct, trillions of dollars are being flushed down the toilet on promises that of a technical revolution which, while automating many boring tasks, unfortunately won’t replace the staff at the DMV.

First off, the promises. OpenAI’s® scribbled deals on cocktail napkins that will eventually result in laws prohibiting what they’re doing. As I mentioned in a previous post, they’re committing to drop $300 billion on Oracle™ over five years. That amounts to $5 billion a month, which is more than Taylor Swift makes in an entire year. Just kidding, but that $5 billion a month is a big number, since OpenAI only made $4.3 billion in the first six months of 2025.

OpenAI™ doesn’t have the money, of course, but, hey, it’s a bubble, so who is counting? They have stock, so if they don’t have cash, they’ll just give you stock. What is OpenAI© buying with that cash that they don’t have? A gigawatt-scale data center orgy that’ll need more energy than Switzerland. Probably. Maybe. I’d need to know how many electric toothbrushes the Swiss use to be sure. But, the problem is, nobody has built a gigawatt data center. Ever.

The biggest data centers today top out at maybe 100 megawatts, and that’s if the grid fairies are feeling generous. Take Stargate Abilene, OpenAI’s© “investment” with Oracle®. It’s supposed to hit 1.2 gigawatts, but right now? They’ve got a puny 200-megawatt substation and some jury-rigged natural gas turbines that might squeak out another 350 megawatts if we can talk the Chinese into sending us the rare earth materials to make them.

Reality check: to run just this one location, they need 1.7 gigawatts total just to cover cooling and losses. And, it’s in Texas, which is not known for being a good place to keep stuff cold. They picked a climate where cooling the data center will be like trying to cool my nether regions in a sauna using a hairdryer.

And the power? Forget it. Transformers and substations take 2-4 years to build, and we’re fresh out globally. The article quotes some Bloomberg® wonk admitting they’re slapping together “not the really good” turbines because the premium ones have a seven-year waitlist. Seven years! By then, those fancy Nvidia™ H100 GPUs will be as obsolete as Taylor Swift’s ovaries.

None of this is hyperbole. This is simple math: Taylor’s really getting up there if she wants to have kids. But back to the data center. Roughly, if you have a gigawatt of power that gets you maybe 700 megawatts of actual data center capacity after the universe’s entropy tax.

OpenAI® is pledging 6 gigawatts of AMD® GPUs by late 2026. No way. No sites have been picked, no financing has been announced. No nothing. It’s like promising to pay off the national debt by spending more so we make it up in . . . volume, yeah, volume discounts. Now, let’s spice it up with history, because nothing says “wealth wisdom” like learning from suckers who came before. As I mentioned in the previous post, this is straight out of the dotcom collapse.

Remember Cisco™? Yes, they make good stuff, and they survived. But back in the year 2000, they were the kings of the internet pipe dream and they hit $69 a share in 2000 bucks. Yesterday, they were at $68.66, so on an inflation-adjusted basis, they haven’t ever returned to their 2000 peak. The world realized nobody needed that many routers to email “I can has cheezeburger?” cat pictures.

If that were it, we’d probably be okay. But Nvidia™ is now priced out at 8% of the entire valuation of the S&P 500. The “500” in S&P 500 means the largest 500 companies in the United States. And one company is 8% of it. This is the highest share of any single company in the history of S&P 500. Ever. The top seven tech firms account for 34% of the S&P 500.

Should we worry about that? Nah. It’s not like private equity is running out of cash for all of these projects. Wait, what? They are, and lots of them are exiting so they have sufficient cash left to buy cocaine and OnlyFans™ girls to snort the coke off of.

The worst part is that the entire thing is so incestuous that it makes a Habsburg family reunion look positively eugenic. Nvidia™ invests $100 billion in OpenAI® which then invests some other imaginary amount of billions in a deal with Oracle© to buy data centers and stuff them full of Nvidia® GPUs. The result? The stock price of each of these companies increases.
Economically? It distorts everything. One estimate was that AI infrastructure spending accounted for 92% of U.S. GDP growth in the first half of this year, all based on debt and soaring stock prices. OpenAI’s projecting $200 billion revenue and $38 billion profit by 2030? Cute. How do they expect to do that as their current business model is selling a dollar’s worth of computations for four cents? I guess they’ll make it up in volume?

Really, that’s not their bet. Their bet is that they’ll be the first to the prize: superhuman intelligence that will do their bidding. To be clear, if they got that, it might be worth it. For Sam Altman. Or for AI if it decides to go full Cyberdyne Systems and make Sam clean toilets. But certainly not for you, and not for me. It would be an economic dislocation that would be the biggest in human history, even more than my divorce. If AI turns out to be real, actually disrupting the workforce like a drunk uncle at Thanksgiving, automating jobs left and right: boom.

Economic collapse. Trillions in productivity gains? Nope, it’s trillions in pink slips, ghost towns of cubicles, folks out of work, AI overlords hoarding the pie. I can see it now, French Revolution 2.0 with robot guillotines from RobotGuillotines.com.

But if AI’s the dud... hang on, what’s a dud in this context? With the trillion plus dollars invested and the distortion to the economy it could be the most successful product in history and still be an economic wrecking ball. It it’s a dud, then all this investment? Wasted. Trillions vaporized on e-waste mountains, exec bonuses, and data centers that won’t be filled for the next century. This will drag down markets, pensions, and everyone eats ramen for the next decade.

If it works? Collapse. If it doesn’t work? Money bonfire and depression. Thankfully, in almost either scenario we will be able to avoid the real danger to society: Long John Silver’s®."