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Monday, January 5, 2026

The Poet: Mary Oliver, “Evidence”

“Evidence”

“Where do I live?
 
If I had no address, as many people do not,
 
I could nevertheless say that I lived in the 
same town as the lilies of the field,
 
and the still waters.


Spring, and all through the neighborhood 
now there are
 strong men tending flowers.
Beauty without purpose is beauty without virtue.

But all beautiful things, inherently, have this function -

to excite the viewers toward sublime thought.

Glory to the world, that good teacher.

Among the swans there is none 
called the least,
 or the greatest.
I believe in kindness. Also in mischief.
 
Also in singing, 
especially when singing is not necessarily prescribed.

As for the body, 
it is solid and strong and curious and full of detail;
 
it wants to polish itself; it wants to love another body;

it is the only vessel in the world that can hold,
 
in a mix of power and sweetness:

words, song, gesture, passion, ideas,
ingenuity, 
devotion, merriment, vanity, and virtue.
Keep some room in your heart for the unimaginable.”

- Mary Oliver
“We don’t read and write poetry because it’s cute. We read and write poetry because we are members of the human race. And the human race is filled with passion. And medicine, law, business, engineering, these are noble pursuits and necessary to sustain life. But poetry, beauty, romance, love, these are what we stay alive for! To quote from Whitman, ‘O me! O life! of the questions of these recurring; of the endless trains of the faithless - of cities filled with the foolish; what good amid these, O me, O life?’ Answer: That you are here - that life exists, and that the powerful play goes on and you may contribute a verse. What will your verse be?”
- “Dead Poets Society”

"Never Be A Spectator..."

"Beware the irrational, however seductive. Shun the 'transcendent' and all who invite you to subordinate or annihilate yourself. Distrust compassion; prefer dignity for yourself and others. Don't be afraid to be thought arrogant or selfish. Picture all experts as if they were mammals. Never be a spectator of unfairness or stupidity. Seek out argument and disputation for their own sake; the grave will supply plenty of time for silence. Suspect your own motives, and all excuses. Do not live for others any more than you would expect others to live for you."
- Christopher Hitchens

"Relax..."

"Relax. They're not going to kill us. They're going to
TRY and kill us. And that is a very different thing."
 - Steve Voake, "The Dreamwalker's Child"

Bill Bonner, "On to Moscow!"

Depiction of Oliver Cromwell at the Battle of Dunbar
 on September 3rd 1650 in the Third English Civil War.
"On to Moscow!"
by Bill Bonner
Baltimore, Maryland - "The new year began with a bang! CBS: "Venezuelan officials condemn Maduro’s capture, calling it a “kidnapping.“ But does Mr. Trump know what he is doing? What was the charge against Maduro? ‘Narco-terrorism?’ Like Weapons of Mass Destruction, there is scant evidence of it, whatever it means. Venezuela was apparently only transhipping cocaine, not fentanyl. Cocaine is not so deadly; it is only said to be involved in 30,000 deaths per year. Alcohol is supposed to contribute to 178,000 deaths per year. And obesity is blamed for 300,000 deaths.

But many people all over the world seemed to rejoice in the kidnapping of Maduro - and his wife -  especially people in Iran, Russia, China and North Korea. ‘Never interrupt your enemy when he is making a mistake,’ they recall Napoleon saying.

Bringing a great empire down requires a huge amount of bad judgment. Trying to ‘run’ Venezuela, for example, might commit the country to another unnecessary, expensive, and distracting war. America’s rivals overseas - as well as its own ‘defense’ contractors - would be happy to see it.

That is the magic of History...leaders are delusional when they need to be, and then, crowds fall into line behind the goofiest, most destructive programs. ‘On to Moscow,’ yell the soldiers...before freezing to death on the unforgiving steppes.

A real declining empire requires quagmires...money pits...and tar babies. That’s where Venezuela comes in. On Friday, we looked at how the Big, Beautiful Budget of 2025 set the financial course. More and more deficits. More and more debt. More borrowing. Higher interest rates. If you were trying to kill the US economy, that is the program you’d aim for. And at the first sign of a setback - such as a stock market crash or a recession - you would try to pump up the economy with even bigger deficits, more stimmies, lower interest rates and QE up the gazoo. Then, it’s just a matter of time before you go bankrupt.

But today, we look at the other key component of the empire-killing program: war. In what must be the most celebrated example of imperial overstretch in history, in 58 BC Julius Caesar attacked the tribes of Gaul. He was deeply in debt. How to get some big money? Steal it. Caesar set out to subdue Gaul (now France, Belgium and parts of Switzerland) expecting to loot the countryside and force the conquered tribes to pay tribute.

Alas, he was successful, extending the borders of the Roman Empire so much as to make it ungovernable and undefendable. The ‘ungovernable’ part became painfully obvious just ten years later, with Caesar’s Civil War...which didn’t end until Octavian (aka Augustus) defeated Antony and Cleopatra at the battle of Actium in 31 BC. Thereafter, in ancient Rome as in modern America, hardly a day went by without an uprising, an insurgency, a terror attack or outright war somewhere in the empire.

The downfall of the American empire similarly began with a foolish military adventure. Iraq had nothing to do with 9/11. And its jefe, Saddam Hussein, was one of the most effective anti-terrorists in the region. But it was time for History to take over.. The empire needed to open its purse and its veins, spilling its blood and treasure in places where it had neither a plausible war aim nor a plausible strategy for achieving it.

And now, the attacks on nowhere...for no reason...where nothing can be gained...multiply. BBC: "The US has launched strikes against militants linked to the Islamic State group (IS) in north-western Nigeria, where militants have sought to establish a foothold. US President Donald Trump said the Christmas Day strikes were “powerful and deadly” and labelled the group “terrorist scum”, saying it had been “targeting and viciously killing, primarily, innocent Christians”. Nigerian Foreign Minister Yusuf Maitama Tuggar told the BBC it was a “joint operation” and had “nothing to do with a particular religion”.

But count on the crowd to rally round. And once the Big Man gets an appetite for foreign glory, it’s hard to satiate him. Already, Trump has threatened Greenland and Panama, saying he ‘wouldn’t rule out’ military action if the situation required it. And now he says of Colombian president, Gustavo Petro, that ‘he better watch his ass.’ Mexico’s president, Claudia Sheinbaum, might want to keep her eyes open, too. Trump says ‘something will have to be done’ about Mexico. On to Moscow! Stay tuned..."

"How It Really Is"

 

"America the Rogue State"

"America the Rogue State"
by Chris Hedges

"The ruling class of the United States, severed from a fact-based universe and blinded by idiocy, greed and hubris, has immolated the internal mechanisms that prevent dictatorship, and the external mechanisms designed to protect against a lawless world of colonialism and gunboat diplomacy.

Our democratic institutions are moribund. They are unable or unwilling to restrain our ruling gangster class. The lobby-infested Congress is a useless appendage. It surrendered its Constitutional authority, including the right to declare war and pass legislation, long ago. It sent a paltry 38 bills to Donald Trump’s desk to be signed into law last year. Most were “disapproval” resolutions rolling back regulations enacted during the Biden administration. Trump governs by imperial decree through Executive Orders. The media, owned by corporations and oligarchs, from Jeff Bezos to Larry Ellison, is an echo chamber for the crimes of state, including the ongoing genocide of Palestinians, attacks on Iran, Yemen and Venezula, and the pillage by the billionaire class. Our money-saturated elections are a burlesque. The diplomatic corps, tasked with negotiating treaties and agreements, preventing war and building alliances, has been dismantled. The courts, despite some rulings by courageous judges, including blocking National Guard deployments to Los Angeles, Portland and Chicago, are lackeys to corporate power and overseen by a Department of Justice whose primary function is silencing Trump’s political enemies.

The corporate-indentured Democratic Party, our purported opposition, blocks the only mechanism that can save us  - popular mass movements and strikes  - knowing its corrupt and despised party leadership will be swept aside. Democratic Party leaders treat New York City Mayor Zohran Mamdani  - a flicker of light in the darkness  - as if he has leprosy. Better to let the whole ship go down than surrender their status and privilege.

Dictatorships are one-dimensional. They reduce politics to its simplest form: Do what I say or I will destroy you Nuance, complexity, compromise, and of course empathy and understanding, are beyond the tiny emotional bandwidth of gangsters, including the Gangster-in-Chief.

Dictatorships are a thug’s paradise. Gangsters, whether on Wall Street, Silicon Valley or in the White House, cannibalize their own country and pillage the natural resources of other countries.

Dictatorships invert the social order. Honesty, hard work, compassion, solidarity, self-sacrifice are negative qualities. Those who embody these qualities are marginalized and persecuted. The heartless, corrupt, mendacious, cruel and mediocre thrive.

Dictatorships empower goons to keep their victims  - at home and abroad  - immobilized. Goons from the Immigration and Customs Enforcement (ICE). Goons from Delta Force, Navy Seals and Black Ops CIA teams, which as any Iraqi or Afghan can tell you are the most lethal death squads on the planet. Goons from the Federal Bureau of Investigation (FBI) and Drug Enforcement Administration (DEA)  - seen escorting a hand-cuffed President Nicolás Maduro in New York  - the Department of Homeland Security (DHS) and police departments.

Can anyone seriously make the argument that the U.S. is a democracy? Are there any democratic institutions that function? Is there any check on state power? Is there any mechanism that can enforce the rule of law at home, where legal residents are snatched by masked thugs from our streets, where a phantom “radical left” is an excuse to criminalize dissent, where the highest court in the land bestows king-like power and immunity on Trump? Can anyone pretend that with the demolition of environmental agencies and laws  - which should help us confront the looming ecocide, the gravest threat to human existence  - there is any concern for the common good? Can anyone make the argument that the U.S. is the defender of human rights, democracy, a rule based order and the “virtues” of Western civilization?

Our reigning gangsters will accelerate the decline. They will steal as much as they can, as fast as they can, on the way down. The Trump family has pocketed more than $1.8 billion in cash and gifts since the 2024 re-election. They do so as they mock the rule of law and tighten their vice-like grip. The walls are closing in. Free speech is abolished on college campuses and the airwaves. Those who decry the genocide lose their jobs or are deported. Journalists are slandered and censored. ICE, powered by Palantir  - with a budget of $170 billion over four years  - is laying the foundations for a police state. It has expanded the number of its agents by 120 percent. It is building a nationwide complex of detention centers. Not solely for the undocumented. But for us. Those outside the gates of the empire will fare no better with a $1 trillion budget for the war machine.

And this brings me to Venezuela where a head of state and his wife, Cilia Flores, were kidnapped and spirited to New York in open violation of international law and the U.N. Charter. We have not declared war on Venezuela, but then there was no declared war when we bombed Iran and Yemen. Congress did not approve the kidnapping and bombing of military facilities in Caracas because Congress was not informed.

The Trump administration dressed up the crime  - which took the lives of 80 people - as a drug raid and, most bizarrely, as a violation of U.S. firearms statutes: “possession of machine guns and destructive devices; and conspiracy to possess machine guns and destructive devices.” These charges are as absurd as attempting to legitimize the genocide in Gaza as Israel’s “right to defend itself.”

If this was about drugs, former Honduran president Juan Orlando Hernández would not have been pardoned by Trump last month, after he was sentenced to 45 years in prison for conspiring to distribute over 400 tons of cocaine in the U.S., a conviction that was justified with far greater evidence than that which supports the charges levied against Maduro.

But drugs are the pretext. Flush with success, there is already talk by Trump and his officials about Iran, Cuba, Greenland and perhaps Colombia, Mexico and Canada. Absolute power at home and absolute power abroad expands. It feeds off of each lawless act. It snowballs into totalitarianism and disastrous military adventurism. By the time people realize what has happened, it is too late.

Who will rule Venezuela? Who will rule Gaza? Does it matter? If nations and people do not bow before the great Moloch in Washington, they are bombed. This is not about establishing legitimate rule. It is not about fair elections. It is about using the threat of death and destruction to procure total subservience. Trump made this clear when he warned interim Venezuelan President Delcy Rodríguez that “if she doesn’t do what’s right, she is going to pay a very big price, probably bigger than Maduro.”

Maduro’s kidnapping was not carried out because of drug trafficking or possession of machine guns. This is about oil. It is, as Trump said, so the U.S. can “run” Venezuela. “We’re going to have our very large United States oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country,” Trump said during a press conference Saturday.

Iraqis, a million of whom were killed during the U.S. war and occupation, know what comes next. The infrastructure, modern and efficient under Saddam Hussein - I reported from Iraq under Hussein so can attest to this truth - was destroyed. The Iraqi puppets installed by the U.S. had no interest in governance and reportedly stole some $150 billion in oil revenues.

The U.S., in the end, was booted out of Iraq, although controls Iraqi oil revenues which are funnelled to the Federal Reserve Bank of New York. The government in Baghdad is allied with Iran. Its military includes Iran-backed militias in Iraq’s Popular Mobilization Forces. Iraq’s largest trading partners are China, the UAE, India and Turkey.

The debacles in Afghanistan and Iraq, which cost the American public anywhere from $4 to $6 trillion, were the most expensive in U.S. history. None of the architects of these fiascos have been held to account.

Countries singled out for “regime change” implode, as in Haiti, where the U.S., Canada and France overthrew Jean-Bertrand Aristide in 1991 and 2004. The overthrow ushered in societal and government collapse, gang warfare and exacerbated poverty. The same happened in Honduras when a 2009 U.S-backed coup removed Manuel Zelaya. The recently pardoned Hernández became president in 2014 and transformed Honduras into a narco-state, as did U.S. puppet Hamid Karzai in Afghanistan, who oversaw the production of 90 percent of the world’s heroin. And then there is Libya, another country with vast oil reserves. When Muammar Gaddafi was overthrown by NATO during the Obama administration in 2011, Libya splintered into enclaves led by rival warlords and militias.

The list of disastrous attempts by the U.S. at “regime change” is exhaustive, including in Kosovo, Syria, Ukraine and Yemen. All are examples of the folly of imperial overreach. All predict where we are headed.

The U.S. has targeted Venezuela since the 1998 election of Hugo Chavez. It was behind a failed coup in 2002. It imposed punishing sanctions over two decades. It tried to anoint opposition politician Juan Guaidó, as “interim president” although he was never elected to the presidency. When this did not work, Guaidó was dumped as callously as Trump abandoned opposition figure and Nobel Peace Prize laureate María Corina Machado. In 2020, we staged a Keystone Cops attempt by ill-trained mercenaries to trigger a popular uprising. None of it worked.

The kidnapping of Maduro begins another debacle. Trump and his minions are no more competent, and probably less so than officials from previous administrations, who tried to bend the world to their will. Our decaying empire stumbles forward like a wounded beast, unable to learn from its disasters, crippled by arrogance and incompetence, torching the rule of law and fantasizing that indiscriminate industrial violence will regain a lost hegemony. Able to project devastating military force, its initial success leads inevitably to self-defeating and costly quagmires. The tragedy is not that the American empire is dying, it is that it is taking down so many innocents with it."

"America is a Gangster State"

"America is a Gangster State"
by Chris Hedges

"The kidnapping of Venezuelan president Nicolas Maduro and his wife solidifies America’s role as a gangster state. Violence does no generate peace. It generates violence. The immolation of international and humanitarian law, as the U.S. and Israel have done in Gaza, and as took place in Caracas, generates a world without laws, a world of failed states, warlords, rouge imperial powers and perpetual violence and chaos. If there is one lesson we should have learned in Afghanistan, Iraq, Syria and Libya it is that regime change spawns Frankensteinian monsters of our own creation. The Venezuelan military and security forces will no more accept the kidnapping of their president and U.S. domination – done as in Iraq to seize vast oil reserves -- than the Iraqi security forces and military or the Taliban. This will not go well for anyone, including the U.S."
o
Dated, but oh so true...

“We have become a Nazi monster in the eyes of the whole world - a nation of bullies and bastards who would rather kill than live peacefully. We are not just whores for power and oil, but killer whores with hate and fear in our hearts. We are human scum, and that is how history will judge us... No redeeming social value. Just whores. Get out of our way, or we’ll kill you.

Well, shit on that dumbness. George W. Bush does not speak for me or my son or my mother or my friends or the people I respect in this world. We didn’t vote for these cheap, greedy little killers who speak for America today - and we will not vote for them again in 2002. Or 2004. Or ever.

Who does vote for these dishonest shitheads? Who among us can be happy and proud of having all this innocent blood on our hands? Who are these swine? These flag-sucking half-wits who get fleeced and fooled by stupid little rich kids like George Bush? They are the same ones who wanted to have Muhammad Ali locked up for refusing to kill gooks. They speak for all that is cruel and stupid and vicious in the American character. They are the racists and hate mongers among us - they are the Ku Klux Klan. I piss down the throats of these Nazis. And I am too old to worry about whether they like it or not. F*ck them.”
- Hunter S. Thompson

"Venezuela Trap Backfires – Washington is Bankrupt & Defenseless"

Col. Douglas Macgregor, 1/5/26
"Venezuela Trap Backfires – 
Washington is Bankrupt & Defenseless"
"Washington elites are celebrating the arrest of Nicolás Maduro as a victory, erroneously believing that decapitating the regime will force the entire state to submit to US will. True power in Venezuela does not rest with Washington-approved figures like Edmundo González, but with Vladimir Padrino López and the military, who remain loyal to the system that fed them.

Despite claims that the US intends to "run" Venezuela, the administration lacks the necessary "boots on the ground" and industrial capacity to sustain an occupation in such vast terrain. The current strategy ignores logistics and reality: the US is financially exhausted and printing money to fund a blockade, while rivals like Russia and China operate defense plants 24/7. This intervention is explicitly about "reclaiming American oil interests," yet the political class fails to understand that oil rigs cannot operate in a sabotaged war zone.

US strikes have already resulted in civilian casualties, creating a martyr dynamic and sowing generational hatred similar to the aftermaths in Iraq and Afghanistan. Threatening Colombia’s Gustavo Petro pushes a regional partner away and risks triggering a massive migration wave that will overwhelm the US Southern Border. Washington has not created a partner in Delcy Rodríguez but has solidified a hostile leadership class that views the US action as barbarity. There is no post-war plan or exit strategy; the operation creates a chaotic power vacuum and a migration crisis that the US cannot manage, prioritizing foreign conflict over domestic stability."
Comments here:
o
Neutrality Studies, 1/5/26
"Amb. Chas Freeman: 
Attack On Venezuela Will Destroy The US Empire"
"Can a superpower simply kidnap a foreign leader and charge them with possessing weapons on their own soil? Now that the U.S. has effectively "caught the car" in Venezuela, is there any road left for international law, or have we fully entered the era of the outlaw state? To make sense of this unprecedented aggression, I brought back Ambassador Chas Freeman. As a former Assistant Secretary of Defense and Ambassador to Saudi Arabia, Chas has seen the machinery of empire from the inside, and his assessment of this latest intervention - and the constitutional crisis accompanying it - is as chilling as it is essential."
Comments here:
o
Full screen recommended.
Oneindia news, 1/5/26
"China VS U.S. Over Maduro: Beijing Orders
 Washington to Release Maduro; Warns Trump of Consequences"
"China issues its strongest rebuke yet after the capture of Nicolás Maduro, warning that no nation has the right to police the world. Beijing’s remarks sharply challenge U.S. intervention and signal rising global tensions over Venezuela. Foreign Minister Wang Yi, speaking in Beijing, rejected any “world policeman” role, stressing sovereignty under international law. His comments followed images of Maduro detained and now held in New York on U.S. charges."
Comments here:

Judge Napolitano, "Alastair Crooke: Netanyahu Lures Trump Into War with Iran"

Judge Napolitano - Judging Freedom, 1/5/26
"Alastair Crooke: 
Netanyahu Lures Trump Into War with Iran"
Comments here:

Adventures With Danno, "Unbelievable Prices at Sam's Club"

Full screen recommended.
Adventures With Danno, 1/5/26
"Unbelievable Prices at Sam's Club"
Comments here:

Jim Kunstler, "Badass"

"Badass"
by Jim Kunstler

“Pretending that 'America First' means 'I only care about my house, 
not my neighborhood' is as retarded as it sounds.” 
- Jesus Enrique Rosas

"The capture of Nicolás Maduro is driving the Lefty-left batshit crazy for a very good reason: it portends the extinction of their financial life-support, since Sénior Maduro used his country as a money laundry for the Chinese Communist Party (CCP) and, in turn, cartel drug money, to funnel gazillions through Cuba to America’s Democratic Party and its political satellites. Not even George and Alex Soros can fill that hole.

For a nearly failed state, Cuba has been able to exert undue influence on US political life through the decades. Mayor Karen Bass of Los Angeles was trained-up in Marxist revolution there in the 1970s and traveled to Cuba many times during her stint in Congress. Reps. Ilhan Omar and Pramila Jayapal dropped into Havana during the last election year. NGOs such as the Center for Democracy in the Americas act as distribution nodes for money that comes through Cuba and supports Lefty-left activists around the USA. Don’t be surprised if a lot of this laundered money ended up in the bank accounts of US congresspersons and senators, too. Remember this when you watch them howl on your screens.

Alas, Communist Cuba is about to expire of strangulation. Cuba has depended on Sénior Maduro’s oil since the Soviet Union dissolved, and now that the supply is cut off, the island nation enjoys only a few hours-a-day of electricity. Soon it will be dark there... and things political start stirring and moiling in the dark. Odds are they won’t shake out so well for las communistas. So, that’ll be two down with a few more to go. Anyway, the Castro brothers are long gone and the old charisma with them. The current president, Miguel Díaz-Canel, is a nobody.

Of course, this Maduro caper raised the larger question for the American Lefty-left: what part of the Monroe Doctrine don’t you understand? Granted, it’s old. James Monroe was only our fifth president. But even back then it was obvious that the Western Hemisphere would be the USA’s sphere of influence, and this was our way of apprising foreign powers of the fact to avert trouble. It was a pretty sound and sturdy policy, too - though there certainly was much complaint about our heavy-handedness down south over the years... the United Fruit Company, and all.

It had become obvious, as Mr. Trump and Secretary Rubio explained over the weekend, that Venezuela under Sr. Maduro had become a platform for nefarious adventurism by America’s adversaries, especially the CCP, which was very active all around South America prepping various countries to join its “Belt and Road” initiative, which is to say its proposed global colonial resource network (a.k.a. empire). The day before he was snatched, Sr. Maduro had a visit with CCP emissaries. China had all kinds of deals going in Venezuela, especially for oil.

The oil is obviously a big part of the picture. But it’s a little more complicated than might appear superficially. Before Sr. Maduro, President Hugo Chávez seized the assets of ExxonMobile and ConocoPhillips in 2007 and then reneged on compensation. The nationalized oil industry, Petróleos de Venezuela S.A. (PDVSA), entered a long and disastrous production decline, from 3.5-million barrels-a-day to about 1-million in 2025. The equipment is ancient and PDVSA has lost most of its technical expertise. Here’s why Mr. Trump is so hot to revive production there:

Venezuelan oil is generally heavy oil. America needs heavy oil because US shale oil, which is about 64 percent of total US output, is extra light, mostly gasoline. American oil refineries, built long ago, are calibrated for heavier oil. For years, the US has had to import heavy crude to mix with our shale oil to produce an adequate supply of heavier distillates, especially diesel and aviation fuel, which are critical to the US economy.

The play you’re hearing about now, is mainly the Maracaibo Basin. It doesn’t mean that America is going to rob Venezuela of its oil. You are likely to see pretty equitable arrangements between returning US oil companies and Venezuela. The US doesn’t need yet another communist revolution there. If more oil gets produced, both Venezuela and the US will be better off for a while - though you might also keep in mind that US shale plays are entering decline, and the decline is liable to be swift because of Permian Basin well profiles.

The other part of this oil story is the celebrated Orinoco oil sands, touted to be the greatest oil reserves in the world, equal to reserves of all global conventional oil. This is separate from Maracaibo and there are some big problems with it. These are super-heavy tar sands. They do not gush out of the ground. They have to be coaxed out with a lot of heat and other technical tricks that tend to be super-expensive. The oil sands also happen to be in jungle, a very difficult place to work, especially from a disease standpoint. Prepare for some degree of disappointment over the Venezuelan oil sands bonanza, no matter how vast.

Sr. Maduro heads into court in Manhattan this morning to be arraigned. There’s a rumor that lawfare ninja Norm Eisen might show up with him to lodge objections to the process. Assigned to the case is 92-year-old Alvin K. Hellerstein, senior Judge for the Southern District of New York (SDNY), reputed to be of a hearty Lefty-left persuasion. Wouldn’t it be something if he orders Sr. Maduro to be released, like Judge Boasberg down in DC did with “Maryland Dad” Kilmar Abrego Garcia? Just sayin’. The festivities kick off at noon today."

"Economic Market Snapshot 1/5/26"

"Economic Market Snapshot 1/5/26"

Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
"It's a Big Club, and you ain't in it. 
You and I are not in the Big Club."
- George Carlin
o
Market Data Center, Live Updates:
Financial Stress Index

"The OFR Financial Stress Index (OFR FSI) is a daily market-based snapshot of stress in global financial markets. It is constructed from 33 financial market variables, such as yield spreads, valuation measures, and interest rates. The OFR FSI is positive when stress levels are above average, and negative when stress levels are below average. The OFR FSI incorporates five categories of indicators: creditequity valuationfunding, safe assets and volatility. The FSI shows stress contributions by three regions: United Statesother advanced economies, and emerging markets."
Job cuts and much more.
Commentary, highly recommended:
"The more I see of the monied classes,
the better I understand the guillotine."
- George Bernard Shaw
Oh yeah... beyond words. Any I know anyway...
And now... The End Game...
o

Sunday, January 4, 2026

Musical Interlude: 2002, “When I See You Again”

Full screen recommended.
2002, “When I See You Again”

"A Look to the Heavens"

Full screen recommended.
"The Astonishing Truth About Trillions of Galaxies!"
"The view of the starry night sky is simply overwhelming: but what – or rather, how much – can we actually see? From our earthly perspective, it is simply impossible to see the entire universe. And yet, some time ago, astronomers conducted a “cosmic census” to find out how many galaxies really lie dormant in the observable universe – and in doing so, they uncovered something incredible! The bottom line is that there are at least two trillion galaxies out there – about ten times more than previously thought! Today, we'll show you how experts discovered the truth about these hidden galaxies – and how this has changed our understanding of our cosmic neighborhood!"

"30 Minutes To Excellence"

"30 Minutes To Excellence"
by Paul Rosenberg

"Excellence is attainable, and by every healthy person. I received this lesson from a man I never met, named Earl Nightingale. Today I’m passing it along to you. Earl researched and taught about success for decades, and he took his job seriously. His work is often forgotten now, but if you can find it, it is definitely worth your time. I had it on cassette tapes, but I suspect it’s still available in some format. One of Earl’s more interesting lessons was this: If you spend 30 minutes – every day – learning about one specific subject, you’ll become a legitimate expert in six months.

This is true. And I know it’s true because I took Earl’s advice and I became an expert. Perhaps it will take longer than six months for a very difficult subject, but 30 minutes per day – if you actually use the time for serious study – is a lot of focused time.

How to Do It: This is far easier than you might think, as long as you can make firm decisions and run your own life… if you can refuse to live by the expectations of others. This means that you must to be able to say “no.” It means that you can accept others being disappointed with you. You must be able to do what you think is right, regardless of their repeated objections.

When I first did this, it involved not having lunch with the people I worked with. I went off on my own and read while eating. Some of my colleagues thought I was being rude or weird, but I did it anyway. Then, when my co-workers went out after work, I went home. I smiled, explained that I didn’t like drinking and that I had too much to do at home. And then I went home and read. They shook their heads but soon stopped asking.

So, when the people you work with go out to lunch, sit by yourself and read. When they go out after work, go home and study. If friends or family don’t like it, do it anyway. Be different. Assure them that there is no insult intended, but take whatever insults you must and do what’s best for you. You probably won’t lose many friends over this, but if you do, so be it. Any friend who requires you not to grow is a friend you don’t need to keep.

How to Read: Here are a few tips:Go for quality, not quantity. Forget about reading a certain number of pages per day. Make sure that you understand what you read – that’s the only thing that matters.Don’t just go through the motions. Stop and back up whenever you must. If you don’t understand something, circle it and look it up at your first opportunity. Don’t leave anything out; if you do, you’re subverting your future learning. Fill in the gaps as you go, not later.You must understand why things work as they do. It is not enough to understand how they work, you must understand why… you must know what interacts with the things you’re studying, making them act as they do. Once you understand that, you’ll start becoming a real expert.Always keep paper and a pen next to your book. Write down things you need to check. Write down other ideas that come up while reading. Write down ideas for using the things you are reading about.Once you finish a book (or magazine or whatever), review your notes and put everything of value into a file.

And If You Do…If you do this, you’ll become a legitimate expert at whatever you study. Special talents are not required for this. Genius is not required. What is required is that you make your own decision and stick with it. Or, in the words of Calvin Coolidge: "Press on. Nothing in the world can take the place of persistence. Talent will not; nothing in the world is more common than unsuccessful men with talent. Genius will not; unrewarded genius is a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. Make good choices, hold to them regardless of pressure, and press on."

"Insanity..."

"Insanity in individuals is something rare -
but in groups, parties, nations and epochs, it is the rule."
- Friedrich Nietzsche

"This Is The Part Of The Story That Leads To War With Russia And China"

"This Is The Part Of The Story That
 Leads To War With Russia And China"
by Michael Snyder

"The dramatic events that just occurred in Venezuela have shocked the entire world. But almost everyone is missing the bigger picture. A very tense geopolitical game of chess is playing out right in front of our eyes, and the stakes are incredibly high. The Trump administration would love to push the Chinese and the Russians out of the western hemisphere, and setting up a new western-friendly government in Venezuela would be a huge step in that direction. Most people do not realize this, but Venezuela actually has more proven oil reserves than anyone else on the entire planet, and that includes Saudi Arabia. President Trump and his team are gambling that the Chinese and the Russians will stand down and allow them to do whatever they want with Venezuela. But what if they don’t? The Chinese and the Russians have both spent decades developing very deep ties with Venezuela, and now they are both absolutely furious.

Over the past two decades, the Russians have sold the Venezuelans approximately 20 billion dollars worth of military equipment, and they just signed a major strategic partnership agreement on May 7th. The Chinese have lent the Venezuelans approximately 60 billion dollars over the last couple of decades, and China has been purchasing more oil from Venezuela than the rest of the world combined.

An emergency session of the UN Security Council has been called for Monday, and I am sure that the Russians and the Chinese are both going to have plenty to say…"The United Nations Security Council is due to meet on Monday after the US attacked Venezuela and deposed its long-serving autocratic President Nicolas Maduro, a move that UN Secretary-General Antonio Guterres views as setting “a dangerous precedent.” Colombia, backed by Russia and China, requested the meeting of the 15-member council, diplomats say. The UN Security Council has met twice  -  in October and December  -  over the escalating tensions between the United States and Venezuela."

Venezuela had essentially become a full-blown economic colony of China, and it took a great deal of time for the Chinese to accomplish that. So if you look at things from a Chinese point of view, it is easy to understand why they are so upset. A foreign ministry spokesperson has announced that China “strongly condemns” what the U.S. has just done…"China said it’s “deeply shocked” by the US’s military strikes on Venezuela and its capture of President Nicolas Maduro.

China “strongly condemns the US’s blatant use of force against a sovereign state and action against its president,” a Foreign Ministry spokesperson said in a statement late Saturday. “Such hegemonic acts of the US seriously violate international law and Venezuela’s sovereignty, and threaten peace and security in Latin America and the Caribbean region. China firmly opposes it.”

And the Chinese are also demanding that Nicolas Maduro and his wife be released immediately…"Beijing’s stinging rebuke expressed “serious concern over their transfer out of the country”. It claimed the military operation was “in clear violation of international law and the basic norms in international relations and the purposes and principles of the UN Charter”, adding: “China calls on the US to ensure the personal safety of President Maduro and his wife, release them at once, stop toppling the Government of Venezuela, and resolve issues through dialogue and negotiation.”

Of course that isn’t going to happen. Now that President Trump has Maduro, he is never going to let him go. What makes all of this even more embarrassing for China is that a Chinese delegation actually met with Maduro just hours before he was grabbed by U.S. forces Venezuelan President Nicolas Maduro received a Chinese government representative at the presidential palace in Caracas on Friday, hours before US President Donald Trump claimed Maduro had been captured following American military strikes.

Maduro met Qiu Xiaoqi, special representative of the Chinese government on Latin American affairs, at the Miraflores Palace. “I had a pleasant meeting with Qiu Xiaoqi, Special Envoy of President Xi Jinping,” Maduro said on Telegram. “We reaffirmed our commitment to the strategic relationship that is progressing and strengthening in various areas for building a multipolar world of development and peace.”

Can you imagine how we would feel if the roles were reversed? To the Chinese, Venezuela is not just another country. It was supposed to provide large amounts of oil for China’s growing economy for decades to come, and the Venezuelans currently owe the Chinese tens of billions of dollars…"Venezuelan oil takes an unconventional route to end-users in China. Transport typically takes more than two months and involves multiple ship-to-ship transfers to mask the origin of the cargo. Close to half of the tankers storing Merey are sitting in waters off China and Southeast Asia, according to ship-tracking data compiled by Bloomberg.

Meanwhile, public data supports estimates that Beijing lent upwards of $60 billion in oil-backed loans to Venezuela through state-run banks until 2015, reaching a level of diplomatic and financial investment unmatched elsewhere in Latin America and perhaps the world."

By making a move to take control of Venezuela, we have essentially punched the Chinese in the face. Our relationship with China will never be the same after this. For years, experts have been talking about a coming war with China, and the U.S. military is actually “working around the clock” to prepare for such a conflict…"Across sleepy and remote islands in the Pacific, U.S. military engineers are working around the clock to revive strategically important airstrips that American troops first built under fire over 70 years ago during World War II.

The reconstruction effort is being led by a designated office within the U.S. Air Force, whose Agile Combat Employment, or ACE, doctrine has identified dozens of airfields that will be used to house and launch fighter jets, aerial refuelling tankers and weapons during a war with China. A trilateral force of the Navy, Marine Corps and Air Force is now converging with a single goal in mind: re-establish a presence on the airfields once used to deliver decisive combat power for the United States during the last great power war."

The Russians are also extremely upset about what has just transpired in Venezuela. In fact, Russia’s Foreign Ministry says that what we just witnessed “warrants condemnation”…"The US committed an act of armed aggression against Venezuela, which gives rise to deep concern & warrants condemnation. The pretexts used to justify these actions are untenable. Russia reaffirms its solidarity with the Venezuelan people."

And Russia’s Foreign Ministry is also calling for the immediate release of “the lawfully elected president of a sovereign country and his wife”…"Russia’s Foreign Ministry on Saturday called for the release of Venezuelan leader Nicolás Maduro and his wife from U.S. custody after President Donald Trump announced that they were captured during military strikes on the capital city of Caracas. “We firmly call on the U.S. leadership to reconsider this position and release the lawfully elected president of a sovereign country and his wife,” the Foreign Ministry said in a statement, stressing the need to resolve the dramatic confrontation through diplomacy." In a separate message, the ministry said Russian Foreign Minister Sergei Lavrov spoke by phone to Venezuelan Vice President Delcy Rodriguez Gomez, during which he expressed his “solidarity with the Venezuelan people in the face of armed aggression.”

After what we just witnessed, how are the Russians supposed to trust any promises that we are making about Ukraine? I just don’t see any possible way that there is going to be lasting peace with Russia now. I think that the “peace plan” that the Ukrainians and the Europeans have been working on will eventually be presented to the Russians, and the Russians will immediately reject it because it is filled with provisions that the Russians could never possibly accept. Once the Russians have rejected the “peace plan”, we will be told that there is no choice but to escalate the conflict in Ukraine. Needless to say, that will put us in very dangerous territory.

As for Venezuela, there is a possibility that the U.S. Senate could step in next week and prevent President Trump and his team from taking any further military action…"The Senate will vote next week on a bipartisan war powers resolution to block President Trump from continuing military action against Venezuela  -  a vote that takes on heightened importance after U.S. forces attacked the South American nation and arrested President Nicolás Maduro early Saturday.

The resolution to block the administration from engaging in further hostilities against Venezuela is privileged, which means Senate Majority Leader John Thune (R-S.D.) cannot stop it from coming to the floor. The measure is sponsored by Senate Minority Leader Chuck Schumer (N.Y.) and Sens. Tim Kaine (D-Va.), Rand Paul (R-Ky.) and Adam Schiff (D-Calif.).

It will be very interesting to see how that vote goes. Several Republicans will need to back that resolution in order for it to pass. Of course President Trump will be extremely displeased with any Republicans that choose to do so. But even if this resolution passes, the U.S. has still crossed a line that will never be able to be uncrossed. We have reached the part of the story that will eventually lead to war with both Russia and China, and that should deeply alarm all of us.

The Daily "Near You?"

Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
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