Tuesday, September 17, 2024

Bill Bonner, "Indefensible"

"Indefensible"
Big weapons are chiefly useful at generating big costs... money
that goes to Pentagon suppliers...much of which leaks back 
to politicians, think tanks, lobbyists, universities, and ‘retired’ officers.
by Bill Bonner

Ireland - "The biggest problem in the US: too much (fake) money. It distorts prices. Perverts federal policies. Makes some people rich, while making most people poorer. The excess money favors Wall Street with trillions in fees and capital growth. But it destroys Main Street with inflation and a lack of real capital investment. It shrinks savings, boosts consumption, funds wasteful spending and leaves us with $100 trillion in private and public debt. And it undermines America’s security.

Here’s the latest from the Wall Street Journal: "The Once-Dominant Tank Is Getting Humbled on the Battlefield." "Tanks were once the king of the battlefield. But the proliferation of drones in Ukraine means the large, noisy vehicles can be spotted and targeted within minutes. That has seen dozens of cutting-edge Western tanks used only sparingly in the battle they were meant to shape, while others have been damaged, destroyed or captured."

Tanks have gotten bigger... and much more sophisticated than they were in WWII. Bigger is better, at least from the producers’ point of view. And the enemy’s point of view too. They are more expensive to build... and make better targets. Abrams tanks can cost an estimated $40 million each over a 20-year life... but on the battlefield, they immediately bring on a shower of incoming fire... Forbes:

"Six months of brutal combat against a bigger Russian force has taken its toll on the elite 47th Mechanized Brigade. The 2,000-person unit rolled into battle in the east in February with all 31 M-1 Abrams tanks that the United States pledged to Ukraine last year. Today the brigade is down to maybe half of its Abrams, assuming not all of the visibly damaged tanks are repairable. It lost two in August despite protecting the 69-ton, four-person tanks with layers of add-on reactive armor."

Conflict Watcher had an update yesterday: "Russian armed forces have reportedly captured another American M1A1 Abrams tank used by Ukrainian troops. Analysts from the portal Bulgarian Military note that the tanks provided by the USA are being compromised on the front at an alarming rate."

A similar phenomenon is happening at sea, where bigger... and more expensive... is not better. Reuters: "US shifts one of two aircraft carriers away from Middle East." "One of two U.S. aircraft carrier strike groups deployed to the Middle East in part to deter Iran from carrying out a threatened attack against Israel has departed the region, the Pentagon said on Thursday."

The back story. The National: "US and allies fail to stem Houthis' high pace of Red Sea attacks." "Ten months into the Houthi blockade of the Red Sea, industry experts are again asking if the Iran-backed militia has defeated two international naval coalitions trying to keep open the vital shipping route through which about $1 trillion of goods pass every year."

The US famously spends as much on ‘defense’ as the next ten countries combined. But when you have such a big hammer, you need a very big nail. Reuters: "The U.S. Navy's efforts to build a fleet of unmanned vessels are faltering because the Pentagon remains wedded to big shipbuilding projects, according to some officials and company executives, exposing a weakness as sea drones reshape naval warfare. The lethal effectiveness of sea drones has been demonstrated in the Black Sea where Ukraine has deployed remote-controlled speed boats packed with explosives to sink Russian frigates and minesweepers since late 2022."

Why is the navy ‘wedded to big shipbuilding projects?’ We’ve already looked at the strange and disastrous Pentagon policy of limiting industry profits, but not costs. Result: costs go up. And what kind of thing is liable to generate a lot of costs... often way beyond original estimates? Big, sophisticated, complicated hunks of steel, with electronics up the kazoo. Big ships. Big tanks. Big planes.

The latest Ford class carriers cost about $13 billion. Drone swarms that can put them out of action, however, cost relatively little... with each drone priced at only a few thousand dollars... The idea is not necessarily to sink the carrier, but simply to render it ineffective.

And sometimes, the new weapons are so complicated... so much like the proverbial ‘horse designed by a committee’... that it is ineffective even without enemy fire. That was the story of the F-35... a $2 trillion flop, Medium.com: "The US Air Force Quietly Admits the F-35 Is a Failure." The Air Force has announced a new study into the tactical aviation requirements of future aircraft, dubbed TacAir. In the process of doing so, Air Force chief of staff General Charles Q. Brown finally admitted what's been obvious for years: The F-35 program has failed to achieve its goals. There is, at this point, little reason to believe it will ever succeed."

Big weapons are chiefly useful at generating big costs... money that goes to Pentagon suppliers... much of which leaks back to politicians, think tanks, lobbyists, universities, and ‘retired’ officers. A huge, richly funded ‘defense’ establishment cannot afford cheap weapons. It has too many powerful ‘constituents’ to satisfy.

Everybody wants a piece of the action — designers, lobbyists, lawyers, bureaucrats, programmers, administrators... Wall Street...Silicon Valley...Politicians want the assembly plants in their own districts...environmentalists want their ‘impact statements’...DEI officers make sure everyone involved has undergone anti-racist indoctrination...union representatives insist that every piece be made with union labor...trade officials... strategy consultants... experts...

Time passes. Costs swell. Of course, the feds cannot pay the costs. They’re still paying for the last aircraft carriers... and the last fighter jets. So, the unpaid bills are added to the national debt... and carried forward... further damaging America’s real economic security. And when the weapons finally see action... in the Red Sea... the Black Forest or the Blue Nile... they are soon either put out of action by cheap, simple weapons... or moved to safety... After all, they’re too valuable to lose! "

"Seventy-two Minutes To End The World"

George Galloway, 9/17/24
"Seventy-two Minutes To End The World"
"Seventy-two minutes is all it will take from start to finish the end of 
the world, says Scott Ritter. You’re lucky the United States pulled 
the plug because you wouldn’t be here today."
Comments here:

Monday, September 16, 2024

Canadian Prepper, "Alert! Russia New Mobilization 2.3 Million Soldiers!"

Full screen recommended.
Canadian Prepper, 9/16/24
"Alert! Russia New Mobilization 2.3 Million Soldiers!
Russian Media Banned In West before WW3"
Comments here:

"Col. Douglas MacGregor: Putin Is Preparing A Massive Invasion To End This War"

Redacted, 9/16/24
"Col. Douglas MacGregor:
 Putin Is Preparing A Massive Invasion To End This War"
Comments here:

Jeremiah Babe, "Alert! WW3 Is Coming To America, Nowhere To Hide; Interest On US Debt Over $1 Trillion, Game Over"

Jeremiah Babe, 9/16/24
"Alert! WW3 Is Coming To America, Nowhere To Hide; 
Interest On US Debt Over $1 Trillion, Game Over"
Comments here:

"We Could Be On The Brink Of Nuclear War"

Tucker Carlson Show, 9/16/24
"We Could Be On The Brink Of Nuclear War"
Tulsi Gabbard and Tucker Carlson talk about
 the dangers of a potential nuclear war.
Comments here:

Musical Interlude: 2002, "City of Peace"

Full screen recommended.
2002, "City of Peace"

"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.”

"The Pale Blue Dot - Where We Make Our Stand"

"The Pale Blue Dot - 
Where We Make Our Stand"
by Carl Sagan

"In the climactic final episode of Cosmos titled "Who Speaks for Earth?" Carl Sagan makes an impassioned plea for nuclear de-escalation. The first nine minutes of the piece are particularly spellbinding, and the introduction draws to a close with Sagan walking along a rocky shoreline where he delivers a historic monologue:

"The civilization now in jeopardy is all humanity. As the ancient myth makers knew, we are children equally of the earth and sky. In our tenure on this planet, we have accumulated dangerous, evolutionary baggage propensities for aggression and ritual, submission to leaders, hostility to outsiders, all of which puts our survival in some doubt. We have also acquired compassion for others, love for our children, a desire to learn from history and experience, and a great, soaring passionate intelligence, the clear tools for our continued survival and prosperity.

Which aspects of our nature will prevail is uncertain, particularly when our visions and prospects are bound to one small part of the small planet earth. But up and in the cosmos, an inescapable perspective awaits. National boundaries are not evidenced when we view the earth from space. Fanatic ethnic or religious or national identifications are a little difficult to support when we see our planet as a fragile, blue crescent fading to become an inconspicuous point of light against the bastion and citadel of the stars.

There are not yet obvious signs of extraterrestrial intelligence, and this makes us wonder whether civilizations like ours rush inevitably into self-destruction. I dream about it... and sometimes they are bad dreams."
"Carl Sagan was a brilliant scientist, gifted orator, skilled teacher, and effective advocate for his strongly held beliefs. It is no exaggeration to say that Sagan is likely responsible for inspiring more people to pursue a career in the sciences than any other person in history. His 13-part television documentary "Cosmos: A Personal Journey", which first premiered on PBS in 1980 and is still stunningly well-worth watching to this day, is widely regarded as one of the best science-themed series ever produced. Sagan knew how to turn a phrase to enchant an audience and routinely did so with a level of passion and charisma that cannot be faked."

'I Hope I End Up..."

“I don’t want to pass through life like a smooth plane ride. All you do is get to breathe and copulate and finally die. I don’t want to go with the smooth skin and the calm brow. I hope I end up a blithering idiot cursing the sun - hallucinating, screaming, giving obscene and inane lectures on street corners and public parks. People will walk by and say, “Look at that drooling idiot. What a basket case.” I will turn and say to them, “It is you who are the basket case! For every moment you hated your job, cursed your wife and sold yourself to a dream that you didn’t even conceive. For the times your soul screamed yes and you said no. For all of that. For your self-torture, I see the glowing eyes of the sun! The air talks to me! I am at all times!” And maybe, the passersby will drop a coin into my cup.”
- Henry Rollins

The Poet: Robert Service, "Prelude"

"Prelude"

"In youth I gnawed life's bitter rind
And shared the rugged lot
Of fellows rude and unrefined,
Frustrated and forgot;
And now alas! it is too late
My sorry ways to mend,
So sadly I accept my fate,
A Roughneck to the end.

Profanity is in my voice
And slag is in my rhyme,
For I have mucked with men who curse
And grovel in the grime;
My fingers were not formed, I fear,
To frame a pretty pen,
So please forgive me if I veer
From Virtue now and then.

For I would be the living voice,
Though raucous is its tone,
Of men who rarely may rejoice,
Yet barely ever moan:
The rovers of the raw-ribbed lands,
The lads of lowly worth,
The scallywags with scaley hands
Who weld the ends of earth."

- Robert Service

The Daily "Near You?"

Jackson, Tennessee, USA. Thanks for stopping by!

"For Nothing Is Fixed..."

"For nothing is fixed, forever and forever and forever, it is not fixed; the earth is always shifting, the light is always changing, the sea does not cease to grind down rock. Generations do not cease to be born, and we are responsible to them because we are the only witnesses they have. The sea rises, the light fails, lovers cling to each other, and children cling to us. The moment we cease to hold each other, the sea engulfs us and the light goes out."
- James Baldwin

"The 'Titanic' Analogy You Haven't Heard: Passively Accepting Oblivion"

"The 'Titanic' Analogy You Haven't Heard: 
Passively Accepting Oblivion"
by Charles Hugh Smith

"You've undoubtedly heard rearranging the deck chairs on the Titanic as an analogy for the futility of approving policy tweaks to address systemic crises. I've used the Titanic as an analogy to explain the fragility of our financial system and the "glancing blow" of the pandemic:


But there's a powerful analogy you haven't heard before. To understand the analogy, we first need to recap the tragedy's basic set-up.

On April 14, 1912, the liner Titanic, considered unsinkable due to its watertight compartments, struck a glancing blow against a massive iceberg on that moonless, weirdly calm night. In the early hours of April 15, the great ship broke in half and sank, ending the lives of the majority of its passengers and crew. Of the 2,208 passengers and crew onboard, 1,503 perished and 705 survived. The lifeboats had a maximum capacity of 1,178, so some 475 people died unnecessarily. Passengers of the Titanic (Wikipedia)

The initial complacency of the passengers and crew after the collision is another source of analogies relating to humanity's near-infinite capacity for denial. The class structure of the era was enforced by the authorities - the ship's officers. As the situation grew visibly threatening, the First Class passengers were herded into the remaining lifeboats while the steerage/Third Class passengers - many of them immigrants - were mostly kept below decks. Officers were instructed to enforce this class hierarchy with their revolvers.

Two-thirds of all passengers died, but the losses were not evenly distributed: 39% of First Class passengers perished, 58% of Second Class passengers lost their lives and 76% of Third Class passengers did not survive.

Rudimentary calculations by the ship's designer, who was on board to oversee the maiden voyage, revealed the truth to the officers: the ship would sink and there was no way to stop it. The ship was designed to survive four watertight compartments being compromised, and could likely stay afloat if five were opened to the sea, but not if six compartments were flooded. Water would inevitably spill over into adjacent compartments in a domino-like fashion until the ship sank.

What did the authorities do with this knowledge? Stripped of niceties, they passively accepted oblivion as the outcome and devoted their resources to enforcing the class hierarchy and the era's gender chivalry: 80% of male passengers perished, 25% of female passengers lost their lives. The loading of passengers into lifeboats was so poorly managed that only 60% of the lifeboat capacity was filled.

What if the officers had boldly accepted the inevitability of the ship sinking early on and devised a plan to minimize the loss of life? It would not have takes any extraordinary leap of creativity to organize the crew and passenger volunteers to strip the ship of everything that floated - wooden deck chairs, etc. - and lash them together into rafts. Given the calm seas that night and the freezing water, just keeping people above water would have been enough.

Rather than promote the absurd charade that the ship was fine, just fine, when time was of the essence, the authorities could have rounded up the women and children and filled every seat on lifeboats. Of the 1,030 people who could not be placed in a lifeboat, 890 were crew members, including about 25 women. The crew members were almost all in the prime of life. If anyone could survive several hours on a partially-submerged raft, it would have been the crew. (The first rescue ship arrived about two hours after the Titanic sank.)

Would this hurried effort to save everyone on board have succeeded? At a minimum, it would have saved an additional 475 souls via a careful loading of the lifeboats to capacity, and if the makeshift rafts had offered any meaningful flotation at all, many more lives would have been saved. Rather than devote resources to maintaining the pretense of safety and order, what if the ship's leaders had focused their response around answering a simple question: what was needed for people to survive a freezing night once the lifeboats were filled and the ship sank?

I think you see the analogy to the present. Our leadership, such as it is, is devoting resources to maintaining the absurd pretense that everything will magically re-set to September 2019 if we just print enough money and bail out the financial Aristocracy.

Whether we realize it or not, we're responding with passive acceptance of oblivion. The economy and social order were precariously fragile before the pandemic, and now the fragilities are unraveling. We need to start thinking beyond pretense and PR."
Full screen recommended.

"Economic Market Snapshot 9/16/24"

"Economic Market Snapshot 9/16/24"
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:
Comprehensive, essential truth.
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

Gregory Mannarino, "The Dollar Is Burning, And People Have No Idea Of How Bad This Is Going To Get!"

Gregory Mannarino, PM 9/16/24
"The Dollar Is Burning, And People Have
 No Idea Of How Bad This Is Going To Get!"
Comments here:
o
ThisisJohnWilliams, 9/16/24
"This Wednesday: The Fall of America Begins"
Comments here:
o
Full screen recommended.
LifeWorthLiving, 9/16/24
"David Hunter: WORSE Than 2008-09"
"David Hunter forecasts that the broad market is set for an 80% crash in the next
 year, in a bust he believes could be one of the biggest financial downturns in history."
Comments here:

"How It Really Is"

 
"So long as the deceit ran along quiet and monotonous, all of us let
ourselves be deceived, abetting it unawares or maybe through cowardice..."
- William Faulkner

Bill Bonner, "A Time to Every Purpose"

"A Time to Every Purpose"
It is obvious that the real economy has developed something of an immunity
 to the stimulative effects of cheap money. Debt increases, but the economy slows.
by Bill Bonner

"One day pours out its song to another...
And one night unfolds knowledge to another."
- Psalm 19

Youghal, Ireland - “I hear you people eat cats,” said the friendly border guard in Dublin. “Only in Ohio,” we replied.

What a summer! At least, our ex-president made the world laugh. Our current president revealed himself as a mental defective, by reason of his advanced age. Then, the democrats put their heads together and replaced him with a candidate nobody liked. The press immediately fell in line, telling the public what a ‘joyful’ day it was. They had chosen a woman of color... a real DEI hire... someone whom almost no one had ever voted for to be their next president. This left Americans with the familiar choice between a fool and a knave. And then, in their first debate, the fool stumbled... and the knave took the lead. Neither of them seems to have the faintest interest in the real problems facing the US or any intention of doing anything about them.

Meanwhile, the stock market soared in anticipation of this week’s Fed rate cut. Lower borrowing rates are advertised as ways to stimulate the economy. But after nearly a quarter century of ‘stimulation’ — in which $30 trillion of stimulating deficits were added to the national debt — it is obvious that the real economy has developed something of an immunity to the stimulative effects of cheap money. Debt increases, but the economy slows. The only thing that the cheap credit does still stimulate is the stock market; it was up on Friday.

But gold knows what time it is. Reuters: "Gold hits all-time high on deeper Fed rate cut expectations. Gold prices surged to record highs on Monday (today), driven by a softer dollar and expectations of a larger interest rate cut by the U.S. Federal Reserve this week.

Meanwhile...After one of the most animated summers ever, we left the house in Poitou, putting away the furniture and closing up the shutters. In a sense, all summer was spent preparing the house for winter - painting the windows, doors and shutters... organizing the woodshed and the workshop... clearing leaves away from the drains. We do not own the house, we realized, it owns us.

It is a shame to leave in September, almost always the prettiest month of the year. The mornings are misty and cool. The sun is warm. The grass, refreshed by the first fall rains, is green. Fruit still hangs heavy on the apple and pear trees. And the French countryside seems to sigh with relief. The hot days are gone. And so are the summer visitors... family and friends... the children with their happy cries from the yard... and the parents with their shrieks of horror at the bats flying through their bedrooms. All of that is over. It is time to sit in the sun... and enjoy the calm. But we have places to go and people to see.

The plan was to load some old windows into a horse van, along with our regular baggage, and drive it (via the ferry) to Ireland. Alas, we got no further than Le Mans when the van conked out. The truck was towed to a repair shop. But the problem is electronic. A technician must come with a ‘briefcase’ that he plugs into the vehicle to determine the cause of the malfunction. “I’m sorry, sir,” said the nice man at the garage, “but we won’t be able to look at it until next week... or the week after.”

“Electronics,” as we all know, are the key to today’s wealth and technical progress. They are in everything... then run our computers... our heating systems... our spacecraft and automobiles. Even a toaster oven may have a chip or two. God forbid that a solar pulse ever discombobulates our electronics; our whole civilization may come to a halt.

In the old days, with our horse van broken down beside the road, we would have opened the hood and had a look. Points? Plugs? Fuel pump? Carburetor? What was wrong? We might have been able to fix it and go on our way. Often, people would stop to help. “What’s the problem there?” A guy with his name embroidered on his blue work shirt might come over... partly out of curiosity... partly just wanting to lend a hand. “I think it’s flooding out,” we might reply. “Don’t know why.” “Let me have a look at it... I work at the garage in town.” Likely as not, he would have a solution... .or know someone else who did.

But there are no solutions with electronics... or at least, none that are available to us. Instead, we rely on the experts... the technicians... and the system. We explained that we were on our way to the ferry and didn’t want to miss our connection. “Sorry... but we don’t have anyone to work on it this week. I don’t know about next week, either. You could try to take it somewhere else... but it’s the same story everywhere... we’re all overwhelmed with work.”

And so it was that by the end of last week, we were still in France, rather than where we ought to have been, in Ireland. The situation was complicated by the need to keep moving. We have a conference to attend... and an important wedding, too. So, after a two-day delay, we rented a car... stuffed it with our luggage... and got on the boat for the crossing on Friday night. Here, too, was a bit of tranquility. There were no children running around. No families coming back from their holidays. The deck was quiet. Almost ghostly. There is a time to breathe in. And a time to breathe out. We exhaled."

Dan, I Allegedly, "Are You Broke? You're Not Alone..."

Full screen recommended.
Dan, I Allegedly, AM 9/16/24
"Are You Broke? You're Not Alone..."
"We are diving into the secret struggle most Americans face - financial stress. It's no secret that people are behind on their bills and money is tighter than ever. Join me as I break down the shocking stats, like how 50% feel broke despite earning $61k a year, and the surprising term "choiceful" spending. Plus, discover why the upcoming interest rate cuts might not be the magical solution some hope for."
Comments here:

Canadian Prepper, "Alert! Civil War; Assassination Attempt 2.0; WW3"

Canadian Prepper, 9/16/24
"Alert! Civil War; Assassination Attempt 2.0; WW3"
Comments here:

Jim Kunstler, "Beep Beep! Woosh...!"

"Beep Beep! Woosh...!"
by Jim Kunstler

Pre-blog Note: My regular website, www.kunstler.com, has been down more than a week. We’re frustrated trying to get straight answers from the host company, only vague references to “a hardware problem.” We begin to suspect that the Three-letter boys might have seized the server unit my website lived on. We’re still standing by on developments. For now, the blog is here for you on Substack, every Monday and Friday. Thanks for your support through this travail.

“Donald Trump is looking increasingly likely to be the winner of the presidential race. I have long held that the globalists will wrap up an economic collapse or a world war and throw it in Trump’s lap.” - Brandon Smith

"This time, the shooter lives to do some ‘splainin’. Do you wonder if he might get around to ‘splainin’ his role with the shady non-governmental orgs (NGOs) supported by the CIA who enabled his travels to Ukraine and his efforts there recruiting global mutts to fight for the Nazi-ish Azov Battalion? Perhaps he might rat-out actual government officials who assisted him in his colorful misadventures? As Ed Snowden remarked on “X”, wannabe Trump assassin Ryan Routh has “something of an Oswald vibe” - meaning, well-groomed by the intel boys, to be used as required.

Perhaps we’ll find out - if nothing fatal happens to befall Mr. Routh while in custody - how exactly he learned Mr. Trump would be on the links that afternoon? The candidate’s round of golf that day was supposedly a snap decision known only amongst his innermost circle. Or how did Mr. Routh figure out the most advantageous fairway to lay at for a clear shot? The FBI is on the case, you may be reassured to know.

Things political are speeding up with the autumnal quickening. The blob is truly and deeply a’fright. So many blobsters will be liable to pay for their multitudinous crimes against the people of this country if Mr. Trump squeaks back into power that such a future is unthinkable to them. And yet, nothing has worked to deactivate this...this golden golem stalking the land. Nothing to show for the immense catalog of lawfare cases concocted to drain his wealth and stuff him into a prison cell - and astounding how amateurish they all were! Engoron and Merchan, two boobies hatched out of Judicial Error Central. Fani Willis, a walking-talking banana peel! Merrick Garland, saving democracy one abuse of power at a time!

The Butler, PA, head-shot op came awfully close to eliminating their, uh, problem, but no cigar. The Palm Beach golf course ambush had a Peter Sellers vibe, wouldn’t you agree? With the rifle muzzle poking through the shrubbery behind a fence. What next? A pizza with pepperoni, mushrooms, and cyanide? Maybe try to drop an anvil on Mr. Trump’s head from a passing airplane? (Beep-beep... woosh!)

Somebody do something!!! The blob is shrieking to its minions from the sub-basement bunkers at Langley to the salons of Georgetown, to the US Embassy in Ukraine. Well, there’s always World War Three! And it looks like just such a romp is about to be instigated. You may have seen the photo last week of “Joe Biden” meeting with UK Prime Minister Keir Starmer at a big conference table, talking-up a plan to give Ukraine the green light to rain long-range missiles deep into Russia. Meaning, let NATO technicians work the targeting console to send US or British made rockets any old place over there? Like, Red Square? Or the Winter Palace, St. Petersburg? Find an actual Ukrainian to push the launch button.
How is that not a direct attack on Russia by NATO? Well, of course it is exactly that. Russia’s chief executive, Mr. Putin, clarified it for the Globalist Neocon cohort infesting NATO that such an action would bring...“consequences.” That is a word the Neocons are no longer acquainted with; it has been such a long time since they’ve crossed its path, like its boon companion, “truth,” also missing-in-action these days. And, to be fair, Mr. Putin did not specify what the consequences might be, not even a simple metaphor like a mushroom cloud, or an ashtray.

How did they even get “Joe Biden” off the beach for that photo op? It is understood by everyone over ten-years-old in America that “JB” is not available for duty anymore. The “out-to-lunch” sign hangs permanently on the doorknob of the Oval Office now. The USA does not have a functioning chief-of-state for the first time in 235 years. After 2021, some sort of unelected, informal Politburu that self-assembled in the White House, like a clot from a Covid vaccine shot, is running our affairs. Maybe Kamala Harris has a clue who is in that outfit. Or somebody in the news media could ask her (if she ever gets around to holding an actual news conference, where the questions are not previewed or scripted.) Anyone dare ask?

Kamala Harris is strangely missing from the front page of The New York Times this morning. Is that a little ominous? The debate is behind her. There will not be another, apparently. There is nothing about her schedule on the official campaign website. Has she entered fade-away mode? Is it all over now except for the ballot harvesting and the, uh, little adjustments to the Dominion vote-counting machines? Has the drinking started again?"

"Visiting Russia's Newest Metro Station: Potapovo"

Full screen recommended.
Travelling with Russell , 9/16/24
"Visiting Russia's Newest Metro Station: Potapovo"
"Join me on a fully guided tour of Potapovo Metro Station, the newest metro station on the Moscow Metro Network. Potapovo is a station on the Sokolnicheskaya line of the Moscow Metro. Potapovo is designed as a heated ground station and is the first station in the Moscow Metro."
Comments here:

Sunday, September 15, 2024

Jeremiah Babe, "Gunshots Fired At Trump; Welcome To The New Banana Republic"

Jeremiah Babe, 9/15/24
"Gunshots Fired At Trump; 
Welcome To The New Banana Republic"
Comments here:

Jim Rickards, "The Depression That Wipes Out A Generation"

Jim Rickards, 9/15/24
"The Depression That Wipes Out A Generation"
Comments here:

Musical Interlude: Michael Franti, "Hey World (Don't Give Up)"

Full screen recommended.
Michael Franti, "Hey World (Don't Give Up)"

"A Look to the Heavens"

“NGC 253 is not only one of the brightest spiral galaxies visible, it is also one of the dustiest. Discovered in 1783 by Caroline Herschel in the constellation of Sculptor, NGC 253 lies only about ten million light-years distant.
NGC 253 is the largest member of the Sculptor Group of Galaxies, the nearest group to our own Local Group of Galaxies. The dense dark dust accompanies a high star formation rate, giving NGC 253 the designation of starburst galaxy. Visible in the above photograph is the active central nucleus, also known to be a bright source of X-rays and gamma rays.”

"Trump Safe After Second Assassination Attempt; Suspect In Custody"

CBS Chicago, 9/15/24
"Trump Safe After Second Assassination Attempt; 
Suspect In Custody"
"Former President Donald Trump was golfing Sunday afternoon in Florida when 
secret service agents noticed a rifle pointing through the bushes on the golf course."
Comments here:
o
FOX 4 Dallas-Fort Worth, 9/15/24
"Trump Assassination Attempt, Full News Conference"
"Local law enforcement and the FBI discuss the attempted assassination of former president Donald Trump at Trump International Golf Club in Florida on Sunday, September 15. A secret service agent apparently spotted the muzzle of a gun while scouting holes ahead of where Trump was playing. At this time it is not known if the suspect fired, but law enforcement officers shot at the suspect. 1 person is in custody."
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"Picture Yourself..."

“Reflect on what happens when a terrible winter blizzard strikes. You hear the weather warning but probably fail to act on it. The sky darkens. Then the storm hits with full fury, and the air is a howling whiteness. One by one, your links to the machine age break down. Electricity flickers out, cutting off the TV. Batteries fade, cutting off the radio. Phones go dead. Roads become impassible, and cars get stuck. Food supplies dwindle. Day to day vestiges of modern civilization – bank machines, mutual funds, mass retailers, computers, satellites, airplanes, governments – all recede into irrelevance.

Picture yourself and your loved ones in the midst of a howling blizzard that lasts several years. Think about what you would need, who could help you, and why your fate might matter to anybody other than yourself. That is how to plan for a saecular winter. Don’t think you can escape the Fourth Turning. History warns that a Crisis will reshape the basic social and economic environment that you now take for granted.”
– Strauss & Howe, “The Fourth Turning”

"Revenge of the Real World"

"Revenge of the Real World"
by Charles Hugh Smith

"Rather than stare at empty shelves, you have two options for distraction: You can don a virtual-reality headset and cavort with dolphins in the “metaverse” or you can trade various forms of phantom wealth that always go up (happy, happy!) because of the Fed.

Neither distraction actually solves any real-world problems, a reality we can call the “Revenge of the Real World.” We've entered a peculiar phase in American history in which illusions of wealth and control are the favored distractions from the unraveling of the real-world economy and social order.

Printing trillions of currency units can't restore the global supply chain or social cohesion. Rather, jacking phantom wealth to the moon is only accelerating the collapse of the social order and the economy even as it accomplishes absolutely nothing in terms of solving real-world problems. Let's start with the core economic realities of the 21st century…

The Facts:

1. The number of high-consumption ("middle-class") people doubled from 1 billion to 2 billion. The human populace has expanded to 8,176,703,804 individuals, but poor people who don't have enough money to consume large quantities of energy, goods and services delivered by the global supply chain don't have much of an impact on global consumption of energy and resources. It's the number of people jetting around the world playing their part in the landfill economy (toss the old one, buy a new one) who drive "growth" (i.e., waste is growth).

Strangely enough, there are actual physical limits to resources being transformed into junk being dumped in the landfills. Humanity's rapacious appetite for stuff has extracted all the cheap-to-extract resources and now all that are left are the increasingly expensive-to-extract resources.

2. Corporate America offshored most of the production of essentials to exploit the low labor and energy costs, minimal environmental standards and currency arbitrage of overseas production. The net result has been an astounding increase in corporate profits. But a funny thing happened on the way to Corporate Profit Nirvana: America became dependent on foreign supply chains. In essence, we traded national security for corporate profits. Now the real-world costs of that myopic greed are becoming apparent.

3. Global supply chains have been optimized for cheap energy and cheap credit. This optimization stripped away all the buffers as a means of maximizing profits. Once the system veered outside the narrow band of optimization, the entire system lost coherence and unraveled.

Counting on Magic: Now that the entire global supply chain has been optimized to maximize profits at the expense of buffers, the buffers are too thin to save the system from collapse. The entire dependency chain depends on cheap energy (all those cheap seats on wide-body aircraft were subsidizing the air cargo beneath the passengers' feet) and cheap credit, as consumers can't buy enough with earnings to keep the machine well-oiled. And firms in the dependency chain need ample cheap credit to function, as many have receivables that stretch out over 90 days. Without cheap credit, these firms would have to close down.

The status quo response would be amusing if the consequences weren't so dire: We don't need no stinking buffers! The supply chain for the landfill economy will not be back up to full speed any day now, the conveyor belt from China to big-box stores to the landfill will never be fully restored.

In the meantime, cavort with dolphins in the metaverse and trade tokens of phantom wealth to amuse yourself. We're counting on magic to put it all right, and if that doesn't work, then the real world's revenge will be something to behold. What about the precious dollar? Is it toast? Let’s think about this…

TINA: The consensus makes sense: The U.S. dollar is doomed because the Federal Reserve and the Treasury will conjure trillions of new dollars out of thin air to prop up the status quo entitlements, monopolies, cartels and debt/asset bubbles, and since little of this issuance actually increases productivity, all it will accomplish is the dilution/devaluation of the currency.

Put simply, the dollar will lose its purchasing power as the inevitable result of the need to print and borrow ever-increasing sums to pay interest on existing debts; fund bread and circuses to keep the masses placated; and keep inflating the asset bubbles in stocks, housing, bat guano, etc. to maintain the illusion of prosperity.

This destruction of the dollar is TINA writ large: There is no alternative. The only way to keep the status quo from imploding is to print as many trillions as are needed, and this inevitably devalues the currency to the point of worthlessness.

OK, we get it: TINA so the dollar dies. But let's consider TINA from the perspective of the deep state...

Will the Deep State Allow the Dollar to Crash? Destroying the purchasing power of the dollar destroys the engine of America's power, which is the ability ("exorbitant privilege") to conjure "money" out of thin air and be able to trade this "money" for cobalt, steel, semiconductors, etc. supplied by other nations.

If the dollar is destroyed by overissuance, then how do we buy the cobalt and other goodies we need to keep the aircraft carriers and all their aircraft in working order? This is a problem, for if we can't conjure "money" out of thin air and persuade everyone it still has value, then America's global influence dissipates into thin air.

So what the consensus proposes as inevitable is financial trickery will destroy America's global influence and its prosperity, and there's no alternative. In other words, the deep state will just throw up its collective hands and surrender its empire so Wall Street can continue inflating its bubble of phantom wealth, even as that destroys the dollar, America's global empire and ultimately its prosperity.

Is this really inevitable? Isn't it plausible that the deep state might rouse itself from its various distractions and take notice that once the dollar loses purchasing power the deep state loses all its power? Are there really no adults left in the room who can make this basic observation?

Wall Street or Empire? For the sake of argument, let's assume there are a few adults left who understand that the dollar is the linchpin of the entire empire and so it's actually worth protecting. And let's also assume these few adults understand that boatloads of parasites, leeches, speculators, etc. will have to be sacrificed, and all manner of politically sacrosanct bubbles, skims, scams, rackets, monopolies and cartels will have to be demolished, much to the dismay of the parasites, leeches, speculators, etc. who have gotten immensely wealthy off these bubbles, skims, scams, rackets, etc.

It seems impossible that the parasites, leeches, speculators, etc. at the top of the heap could be brought down. It's certainly a stretch, given their entrenched power. It seems much more likely that the game of incrementally devaluing the dollar will continue indefinitely. But what's the endgame of this devaluation? Is it really so faraway that the banquet of consequences will never be served? These sorts of things have a way of gathering momentum as self-reinforcing feedbacks kick in, and then the consequences are served up faster than anyone believed possible.

Which is more valuable: Wall Street's debt/asset bubbles or the global empire? You can't have both, so choose wisely. The contrarian bet is that the deep state finally awakens from its troubled sleep and decides the empire is more valuable than the bubbles, skims, scams, rackets, etc. and so the dollar will have to be defended regardless of the cost to those benefiting from its devaluation. Very few are willing to take that bet now, but let's get comfortable and watch the printing-borrowing-trillions devaluation game and see how it plays out."