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Wednesday, June 10, 2026

"Them Are Fightin’ Words"

"Them Are Fightin’ Words"
by Addison Wiggin

“Life is a fight for territory; so is your success.”
-Nkem Mpamah

“What if the Founding Fathers had moved off to Belize instead of helping sort out what surely must have been a similar mess right here?” writes reader Zeke L from Oklahoma. Reader mail comes in all forms. We assume Zeke is commenting on the conversation on the Empire of Debt Bill Bonner and I had on The Wiggin Sessions. 

The very “Idea of America” – as reimagined by Bill Bonner and Pierre Lemieux in 2003 – is by its nature as much a geographical event as an historical event. The triple crown of climate, crops, and the religiously ostracized coalesced into the prime conditions for the seed of American civilization to be planted. “The idea is really very simple,” Bill says.

“Cooperation, win-win deals, is what allowed civilization to go forward.” The colonists were left to their own devices. The climate cooperated. And there was a burgeoning global trade in commodities. There are a lot of pieces to civilization,” Mr. Bonner tries to explain, “but that is probably the critical one, that when you see somebody, you can't kill them and you can't steal their stuff. You have to work with them. You have to work out a deal.”

This is high-level, philosophical stuff, made simple and accessible with everyday language. He continues: "Once you win-win, that means you have to create something. There are other things that go along with civilization. That rule is probably the cornerstone, but you need property rights. If you don't have property rights, then you can't really build because you can't protect what you've got.

And you need money. You need money to be able to exchange your product with other people. And you need a language. You need a written language. Otherwise, you can't make any progress. So all these things sort of came together over thousands of years and these things are different from what a lot of people think of as civilization.

A lot of people think the government can pass a law and make us richer or make us more civilized or whatever. But it ain't so. It doesn't work that way. Civilization arises from the bottom. It doesn't come down from the top and from the bottom people make deals with each other, which are essentially win-win.

We have to remember that the Founding Fathers were revolutionaries in the eyes of the British Crown. Their Declaration of Independence was a declaration of war. And let us not forget the deracination of the Native Americans from the original Thirteen Colonies and the horrors of Amistad. That's why I called it win-win or lose,” Bill says. “Because the opposite, the losing, is what happens all the time when the government gets into the picture and they start a war or something and everybody loses. Civilization goes backward.”

From the Declaration of Independence, in what is called “The Indictment” of the Crown’s overbearing governance: "Such is now the necessity which constrains them [the new Americans] to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world."

As they’d say in Baltimore… them are fightin’ words. On Wednesday we were ruminating on the anniversary of Francis Scott Key’s poem turned national anthem which happened here in ‘Bawlmer.’ So… I guess we’ve got patriotic themes on the brain.

The true nature of civilization, however, is more than history and geography. Blessed as we may have been to happen upon such a land. Each generation, in choosing to live somewhere – somewhere real, with land and toil and natural rights – a deal must be made. Whether that deal is win-win or lose, is up to those who declare, those who speak up, those who present their case for independence.

This is nothing new, Bill exclaims: "There's nothing new in my book that you can't find in Adam Smith or the texts of Free Market economists or Milton Friedman. A lot of people write about the same sort of thing. And everybody comes at it from a different angle. What I tried to do was to come at it from an angle that made sense to me and this does. And I think so far it's been missed. In fact, our current civilization or our current status of society is going in the other direction, with more and more people who think that they can get something by using political means, which are essentially the opposite of win-win."

A political move, anything political is win-lose by definition. Would such an idea have arisen and manifested had Jefferson, Madison and Hamilton fled to Belize, as Zeke wants to know? Probably not. America could only have happened where it did. “We need all hands on deck to help guide America back in the coming years,” Zeke concludes, and we concur. Follow your bliss,"

"My Last Round of Give-a-Damn"

Full screen recommended.
Delta Blues Brother,
"My Last Round of Give-a-Damn"
"There comes a point in life when you stop trying to fix everybody. Not because you stopped caring. Because you finally learned where your energy belongs. "My Last Round of Give-a-Damn" is a whiskey-soaked Delta blues reflection about aging, patience, peace of mind, and the wisdom that comes from realizing not every battle deserves your attention. The resonator guitar rolls through the song with the swagger of someone who's survived enough chaos to stop volunteering for more. The harmonica answers with dry humor and hard-earned perspective, weaving between the verses like an old friend who's heard every argument before. The groove stays relaxed, confident, and unapologetic... like a veteran who's finally learned that peace is more valuable than being right. This is the blues of selective caring. Not indifference. Wisdom...
✔ choosing your battles.
✔ protecting your peace.
✔ aging with perspective.
✔ old soul wisdom.
✔ veteran mentality.
✔ letting nonsense go.
When you're young, you spend energy proving things. When you're older, you spend it protecting peace."
Amen!

"How It So Sadly Really Is"


“Alas, regardless of their doom, the little victims play!
No sense have they of ills to come, nor care beyond today.”
- Thomas Gray,
“Ode on a Distant Prospect of Eton College”

"You Can't Pretend The Economy Is Fine Anymore"

Full screen recommended.
Finance Economist, 6/10/26
"You Can't Pretend The Economy Is Fine Anymore"
"Someone asked you how you were doing this week and you said fine. You lied. Consumer sentiment just hit the lowest level in 46 years of data. 63% of Americans rated the economy as bad. Biden’s former top economist said on the record: “Never try to tell the American people they are better off than they think they are.” Whirlpool reported a “recession-level” decline in demand. The Dallas Fed says the top 20% now drive 57% of all spending while the bottom 80% struggles. There are two American economies. You don’t live in the one they show you on TV. The pretending is over."
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"Americans Can't Believe What Groceries Cost Right Now"

Full screen recommended.
The Unfolded States, 6/10/26
"Americans Can't Believe
 What Groceries Cost Right Now"
"Have you ever walked into a grocery store expecting to spend $50, only to leave wondering how the total reached $80? Across the country, consumers are noticing the same trend: everyday essentials like meat, produce, dairy products, and pantry staples are costing more than they used to, making every shopping trip feel a little different. In this video, we explore why grocery shopping has become such a common topic of conversation, how rising food prices are affecting household budgets, and why even traditionally affordable meals no longer feel as budget-friendly as they once did. From fresh vegetables to protein-rich foods, small price increases across multiple categories are adding up in ways that consumers can easily feel. 

We'll also look at how shoppers are adapting by comparing prices more carefully, switching to store brands, planning meals around sales, and rethinking purchases that once felt routine. These changes reveal how inflation is influencing not only what people buy, but also how they make everyday spending decisions. What grocery item recently made you stop and think twice before buying it? Share your experience in the comments and join the conversation about rising food costs, inflation, and the changing cost of living." 
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"A Historic Energy Squeeze Is Locked In: U.S. Oil Inventories Have Fallen For 7 Weeks In A Row, And Global Oil Inventories Will Soon Hit The Lowest Level Ever Recorded"

"A Historic Energy Squeeze Is Locked In: 
U.S. Oil Inventories Have Fallen For 7 Weeks In A Row,
 And Global Oil Inventories Will Soon Hit The Lowest Level Ever Recorded"
by Michael Snyder

"Now that the war with the Iranians appears to be fully back on, there will be no turning back now. President Trump just told reporters in the White House that “we’re going to be attacking them and attacking them very hard”, and so it should now be apparent to everyone that there isn’t going to be any sort of a “deal” any time soon. What this means is that we are headed for a historic energy squeeze of unprecedented magnitude.

So far, we have not experienced the full consequences of the war with Iran because we have been running through commercial oil inventories and national strategic stockpiles. But that cushion is rapidly being depleted and in the not too distant future it will be gone.

Let me try to illustrate this in a way that just about everyone will be able to understand. If you lost your job today, you probably would still have enough money to keep paying the bills for at least a few months. But if you didn’t find a new job within a certain amount of time, you would potentially be in danger of getting kicked out into the streets. We are facing a similar scenario with global oil supplies.

We had enough stored up to keep going for at least a few months, but some time this summer we will start hitting critical operating levels. Once we reach that stage, gasoline prices will go nuts and shortages and rationing will begin to spread around the globe. We won’t be out of oil. But we won’t have enough for everyone to use as much as they normally would.

Today, it was being reported that by the end of this year global oil inventories will hit the lowest level since records began being kept…"Oil stockpiles in the world’s largest economies are headed toward the lowest levels since at least 2003 as inventories are drawn down at a record pace due to the lost output from the Iran war, the U.S. Energy Information Administration said on Tuesday.

Total oil inventories in the members of the Organization for Economic Cooperation and Development will fall to just under 2.3 billion barrels by December, the EIA said, based on its current assumption that marine traffic through the Strait of Hormuz is unlikely to return to pre-conflict levels until early 2027. The OECD stockpile has not been this low since the EIA began keeping records in 2003, the agency said in its monthly Short-Term Energy Outlook report."

The rapid inventory drawdown, which is needed to make up for 11 million barrels a day of lost Middle Eastern output, creates the foundation for a sharp increase in oil prices in the months ahead, the agency said. Right now, the world is running an oil deficit. In other words, we are consuming far more than we are producing and this cannot go on indefinitely.

Here in the United States, oil inventories have dropped for a seventh week in a row…"U.S. crude oil inventories fell for a seventh consecutive week and product stocks were mixed as refineries stepped up their capacity use, according to data released Wednesday by the U.S. Energy Information Administration." This is a slow-motion disaster that everyone can see coming.

One industry expert is warning that even if the Strait of Hormuz opened tomorrow, we are facing “disruptions that will probably last for at least three to six months”…"David Victor, the director of the Deep Decarbonization Initiative at the University of California, San Diego, said that in his analysis, even if the war ended tomorrow and the Strait of Hormuz was fully open, “we’ve already locked ourselves into disruptions that will probably last for at least three to six months.”

Prices, Victor explained, wouldn’t necessarily stay around their wartime highs for that whole time period. Rather, the end of the war would have a delayed impact on energy markets for the same reason the beginning of the war did: it takes time for such a change to work its way through global supply chains."

Of course the Strait of Hormuz is not going to reopen tomorrow. In fact, there is no end to the war with Iran in sight. So we are going to have some major problems on our hands. It isn’t just an oil squeeze that we will be dealing with. So many important commodities that normally come out of the Middle East are not getting exported, and this will manifest in thousands of different ways.

For example, hospitals in India are already facing a very serious shortage of cancer drugs due to the war in the Middle East…"Indian hospitals are running out of two life-saving cancer drugs as the war in Iran continues to disrupt the supply of raw materials. Stocks of cisplatin and carboplatin, two of the most widely used chemotherapy drugs in the country, have begun running dry over the last three weeks, doctors and pharmaceutical industry representatives have said. The two closely related drugs are derived from platinum, a precious metal that has surged in cost due to the Middle East conflict and the closure of the Strait of Hormuz, and form the backbone of treatment for about 60 per cent of advanced cancer cases."

And the UN’s World Food Program is already being forced to divert food from the hungry in order to give it to those that are starving… "Ripple effects from the war in Iran are threatening millions more of the most vulnerable people with crisis levels of hunger or worse, World Food Programme (WFP) acting Executive Director Carl Skau told CNN. The closure of the Strait of Hormuz has driven up the cost of fuel exponentially, making the organization’s operations far more costly. The escalating fuel costs have also driven up the price of food around the world. And critically needed supplies of fertilizer from the Gulf to plant crops in places like Sudan have been stymied by the snarling of the critical waterway."

It is a devastating mix for an organization that was already having to make unimaginable choices due to significant cuts in funding. “In many places, we’re already taking from the hungry to give to the starving,” Skau said. This is the reality of life in 2026. Widespread global food shortages are coming. There is no way to avoid it now. The consequences of the war in the Middle East are already being felt all over the world, but what we are witnessing now is just the beginning."

Bill Bonner, "Conquest, Loot, and Tribute"

"Conquest, Loot, and Tribute"
by Bill Bonner

Youghal, Ireland - "Here are a couple, almost contradictory, news stories. MSN: "Gold hits yearly low despite recent reserve asset milestone." And here’s the more important news. The India Times: ‘Gold now ranks as the world’s top reserve asset. According to World Gold Council data, global gold reserves are approaching $4 trillion. Treasury holdings total approximately $3.9 trillion. The last time central bank gold reserves topped Treasury holdings was in 1996.’

As to the first, we have no idea. Short-term trading is an unsolvable riddle to us. Like the Riemann Hypothesis...as far as we know, no one has ever figured it out. But the long-term Primary Trend may be another thing. As near as we can tell, there are deep recurring patterns. Stocks rise, for example. And then...lo...they go down. On a daily, weekly, or monthly basis trying to predict these movements in the stock market is - at least in our experience - futile.

Even in the long-term you are often wrong about what is going on. But when a child is born you know the poor infant is already headed to the grave. And when a nation begins ‘printing’ money, it is just a matter of time before the money is worthless. All we have to go on is history. So, we’ll make the most of it. Historically, there was a sober relationship between output and the value of the companies providing it. To simplify, if a company made a profit of $10...a prudent investor would pay $100 for it.

But in 1971 cometh a new money regime. Money was no longer an impartial and unassailable asset; now it was just another debit on America’s ballooning balance sheet. And since it could be created as easily as a toilet is flushed...and since the people who got it first and foremost were those in Wall Street’s credit industry...the general level of effluent rose as more of this new money washed in.

At first it was a pleasant novelty – rising stock prices with no corresponding increase in output. But then baby boomers - via their 401(k)s, mutual funds, and ETFs - came to depend on it for their retirements. Thus it was that the capital values on Wall Street, once at 10 times earnings, soared to...now...25. And the ratio of the stock market to GDP has shot up too...from around 0.5 to 2.3, with the stock market now worth 230% of GDP.

Recall our hypothesis...that Donald J. Trump was tapped by History Herself...to help topple the ultra-powerful USA. The pattern is without exception. Empires go up...and come down, too. They have a lifespan, on average, of about 250 years. They were usually based on naked military power. Like Napoleon Bonaparte, the conqueror rose...and then, he fell. In Napoleon’s case, it took less than 20 years to go from nowhere...to the top of Europe...to St. Helena, which was about as close to nowhere as you could get.

In 1898, Commodore Dewey won the Battle of Manila Bay, marking the US as an empire on-the-way-up. By 1999, the it bestrode the world...with one foot in North America and another trampling down foreigners wherever it chose. Its power unchallenged. Its economy unmatched. Its cultural, political and reputational influence beyond reproach.

But beneath the headlines was another story - an oft-told tale - a parable of pride and glory...vanity and ruin. America’s outsized success...combined with its funny money system...had already gnawed at the muscles and sinews needed to keep a great empire on its feet.

It was at this critical stage - when it needed to stitch the critical ligaments together again - that the nation fell under the sway of four especially block-headed leaders. George Bush led off with an expensive, pointless war. Barack Obama followed up, personally blessing the ‘kill lists’ while adding $8 trillion to US debt. Joe Biden went along with everything - stimmies, Israel’s massacre of Gazans, DEI and the goofy pronouns.

And then there is Donald Trump. Was ever a great leader more suited to the task? Full of bombast and bile, the man seemed to instinctively understand his real role - to hasten America’s decline. And while almost every policy played a helpful part - including the inane non sequiturs, the claptrap threats, the ‘crazy’ assertions - one policy stood out as a real empire buster.

US power rests on a pedestal of dollars. As the world’s reserve currency, this funny money made it possible for the US to spend more than it could afford - year after year. The system also aided and abetted the inflation of the dollar supply.

For many years the roaring conflagration of money-printing produced only a flicker of consumer price inflation. Instead, the hot new currency went into foreign coffers, where it sat undisturbed for an entire generation. And as an extra bonus, the dollars were used to buy US Treasury bonds...helping to lower borrowing costs for Americans’ domestic as well as foreign purchases. ScheerPost:

‘For nearly a century, the U.S. dollar has stood at the center of the global economy. Nations traded in dollars, stored dollars, borrowed dollars, and trusted the institutions that backed them. American power rested not only on military dominance but on the belief that the dollar-based financial system was stable, predictable, and indispensable.’

Where was the heel in the American Achilles? Where was its weakest link? What would bring the empire down faster, and more surely than anything else? An attack on the dollar, of course. After all, the US had what we called in our 2005 book "Empire of Debt". It funded itself not in the traditional ways -- conquest, looting, tribute, protection money or the slave trade -- but by borrowing and ‘printing’ ersatz ‘dollars.’

What would the best way to bring such an enterprise down? Make the dollar unreliable. Make it undesirable. Turn it into a weapon. Use sanctions, seizure, tariffs, the banking system to try to force people to do what you want. Result? They look for alternatives to the dollar. ScheerPost: "Washington Weaponized the Dollar. The World Responded by Buying Gold."

Business Standard: ‘According to the European Central Bank (ECB), gold accounted for nearly 27 per cent of global official reserves by the end of 2025, compared with 22 per cent for US Treasuries, the Financial Times reported. Just a year earlier, US Treasuries still held the top spot.’ The dollar is still the world’s go-to currency. But foreign investors and central banks are not going to it with quite as much enthusiasm as they used to have. And that means Americans - including the US government - will pay more to borrow. The Empire of Debt staggers on; no relief in sight."
o
Click image for larger size. 

Research Note, by Dan Denning: "Our good friends - the trustees at the Social Security Administration - updated the projections I told you about yesterday. The 2026 Annual Report confirms that by 2034, the ‘reserves’ in the trust fund will be gone. Total payroll taxes of $1.9 trillion in 2034 (plus $120 billion from taxing benefits) will deliver just over $2 trillion to cover the expected cost of $2.4 trillion.

Revenues cover 83% of costs by 2034, according to the 2026 report (slightly better than the 81% projected last year). The annual ‘gap’ between benefits and revenues will be $412 billion (also slightly smaller than last year’s projection).

The bad news? The long-term is even worse. By 2100, payroll taxes will cover just 65% of annual program costs. That means forty five cents of every dollar paid in benefits will have to be borrowed…or worse…printed. Keep that in mind when looking at gold’s recent price action, which puts it in a technical bear market and currently trading at $4,171/oz."

Dan, I Allegedly, "Groceries, Debt & Doubt - The Consumer Just Quit"

Full screen recommended.
Dan, I Allegedly, 6/10/26
"Groceries, Debt & Doubt - The Consumer Just Quit"
"Today I filmed from The Wedge in Newport Beach, California, where massive waves and huge crowds created the perfect backdrop for a discussion about the economy. Restaurant chains across America continue to close locations, while major food companies are warning that consumers are eating at home more often because budgets are stretched to the limit. Rising gas prices, shrinking restaurant portions, reduced work hours, and growing financial stress are changing how Americans spend their money. In this video, we break down the latest restaurant closures, consumer spending trends, grocery shopping habits, and what companies like Campbell's are saying about the state of the American consumer. From Red Lobster and Denny's to local restaurants struggling to survive, the signs are becoming impossible to ignore. Are Americans preparing for tougher times ahead, or are we already there? Let's discuss what these economic warning signs mean for everyday families."
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"Battle of the Missiles - The Apache Scam"

"Battle of the Missiles - The Apache Scam"
by Larry C. Johnson

"A truly bizarre series of events off the coast of Iran today that in my opinion were entirely provoked, if not staged, by the US. It started with multiple news reports that a US Army Apache helicopter had been shot down in the Persian Gulf but the two pilots emerged unscathed. What the hell was an Apache helicopter doing? The AH-64 Apache is a twin-engine attack helicopter primarily designed for anti-armor warfare, close air support, and armed reconnaissance. Apparently it was conducting reconnaissance. The US claims that Iran shot it down, but Iran insists it did no such thing.

I am bothered by the claim it was shot down. If the rocket or bullets had hit the cockpit or damaged the main rotor, the craft would have plunged into the water and the pilots would not have survived. So what happened? Was one of the twin engines damaged but still able to function? Was the rear rotor damaged? Those are the only two scenarios I can imagine that would not have caused a catastrophic crash. Once the helo landed in the water, the pilots had to open the canopy and jump into the water. Hopefully the main rotor - assuming it was intact when the copter hit the water - shattered on impact. Otherwise, the pilots would have been shredded trying to escape.

Coincidentally with this crash, the NY Times published a story, written by David Sanger, discussing the state of US and Iranian negotiations over Iran’s nuclear program. Sanger wrote: "In the days before the latest flare-ups of violence in the Middle East, President Trump’s aides were negotiating with Tehran on four major elements of a nuclear agreement that U.S. officials contend would grind the program to a halt for 15 years or so.  According to the officials and diplomats, here are the four major points of negotiation on a nuclear agreement between the United States and Iran:

1. A lengthy suspension of uranium enrichment: The United States has demanded for months that Iran agree to conduct no uranium enrichment for at least 20 years. The Iranians have countered by offering a 10-year halt, but American officials believe they will settle for 15 years.

2. Iran’s current stockpile of enriched uranium is diluted, or “downblended”: The United States would work with the International Atomic Energy Agency, the U.N. inspection body, to dilute, or “downblend,” Iran’s stockpile of enriched uranium, according to two American officials familiar with the negotiations. American officials envision an active role in handling the nuclear material, something Iran has always forbidden. Iranian officials say the United States would serve only as an observer. 

3. Iran dismantles its nuclear sites: The United States has demanded that Iran dismantle its three major nuclear sites at Natanz, Fordo and Isfahan. The United States struck all three in Operation Midnight Hammer nearly a year ago, severely damaging them. Iran has discussed dismantling two facilities but insists on leaving one open, in part to demonstrate it has not surrendered what it views as a “right to enrich.”

4. Iran agrees to “snap” inspections: The United States wants international inspectors to be able to conduct “snap” inspections, anytime and anyplace inside Iran. It is not clear if the Iranian government will agree. As a practical matter, many of the suspect nuclear sites are inside Revolutionary Guards military bases, where inspectors have frequently been barred at the gates.

This summary represents the US position. I doubt the Iranians will agree to an end to all enrichment. They will likely insist on retaining the right to enrich up to 20% for medical isotopes. Dismantling Iranian nuclear sites is a non-starter. The IRGC will simply not accept such a condition. I think Iran will be willing to “downblend” the 60% enriched uranium it currently possesses but that will come with a price tag: immediate lifting of sanctions and the return of frozen assets. What about “Snap” Inspections? That will depend on the composition of the international inspectors. Iran has already been burned by the IAEA inspectors who reportedly collected intelligence on Iranian nuclear scientists and passed that information to Israeli and Western intelligence agencies. That information was used in June 2025 and in the current war to assassinate Iranian scientists.

While Pakistani sources who have access to the status and substance of the negotiations remain optimistic that a deal will be struck, I remain very skeptical. Beyond the nuclear items - which Iran says it refuses to discuss until the US lifts its blockade and there is a genuine ceasefire, which includes Lebanon and Gaza - I do not believe that Iran is going to compromise on its demands: lift sanctions, release frozen assets and recognize its joint-control over the Strait of Hormuz with Oman.

I think that today’s US attack on Iran was an effort to scuttle the negotiations. While Iran struck back hard at targets in Bahrain, Kuwait, Jordan and Kurdish controlled territory in northern Iraq, it limited its retaliation. Iran apparently still believes that there is a viable accord that will end the war, not only the attacks on Iran, but also bring security to Lebanon and Gaza. The onus is on Donald Trump to force Israel to accept the terms. That has the Zionists very nervous, which explains why they are spying on Trump’s negotiators.

I think the negotiations will fail - I hope I am proven wrong - because I do not believe Donald Trump will be willing to accept the concessions demanded by Iran. We will know more by close of business Wednesday."

"Alert: The Iran War Has Restarted. Heres What Happens Next"

Full screen recommended.
Canadian Prepper, 6/9/26
"Alert: The Iran War Has Restarted. 
Heres What Happens Next"
Comments here:

Tuesday, June 9, 2026

"102 Days of War, Not a Penny for Peace from the Billionaires or the Rich"

Strong language alert!
Gerald Celente, 6/9/26
"102 Days of War, Not a Penny for 
Peace from the Billionaires or the Rich"
"As global conflicts escalate and tensions push closer to the edge, one question grows louder: Where are the voices - and the money - for peace? The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over fear and propaganda to help subscribers prepare for What's Next in these increasingly turbulent times."
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"Get Ready To Face The Brutal Reality That Is Coming For America"

Full screen recommended.
Epic Economist, 6/9/26
"Get Ready To Face The Brutal Reality 
That Is Coming For America"
"Across America, people who did everything right are quietly falling apart. The degree, the job, the loyalty, none of it is paying off the way we were promised. In this video, we look at the harsh reality of what is actually happening on the ground right now.People are exhausted. You can't out-budget gas, groceries, and rent that take up your entire paycheck. We have stopped living and started surviving. But some are waking up to the rigged game. We also look at how regular people are fighting back using new tools like AI to aggressively manage $100k in debt, track their budgets, and finally take control of their investments when the traditional system offers no help. The rules changed. It's time to stop playing a game you didn't know you were losing. Let me know in the comments: Are you surviving in this economy, or just learning how to drown slower?"
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Musical Interlude: Mike Oldfield, "Tubular Bells Finale"

Mike Oldfield, "Tubular Bells Finale"

"A Look to the Heavens"

"Braided, serpentine filaments of glowing gas suggest this nebula's popular name, The Medusa Nebula. Also known as Abell 21, this Medusa is an old planetary nebula some 1,500 light-years away in the constellation Gemini. Like its mythological namesake, the nebula is associated with a dramatic transformation.
The planetary nebula phase represents a final stage in the evolution of low mass stars like the sun, as they transform themselves from red giants to hot white dwarf stars and in the process shrug off their outer layers. Ultraviolet radiation from the hot star powers the nebular glow. The Medusa's transforming star is near the center of the overall bright crescent shape. In this deep telescopic view, fainter filaments clearly extend below and to the left of the bright crescent region. The Medusa Nebula is estimated to be over 4 light-years across.”

'Maybe..."

“Maybe we’re not supposed to be happy. Maybe gratitude has nothing to do with joy. Maybe being grateful means recognizing what you have for what it is. Appreciating small victories. Admiring the struggle it takes to simply be a human. Maybe, we’re thankful for the familiar things we know. And maybe, we’re thankful for the things we’ll never know. At the end of the day, the fact that we have the courage to still be standing is reason enough to celebrate.”
- “Grey’s Anatomy”

"Russian Typical (New-Build) House & Land Package Tour"

Meanwhile, elsewhere...
Full screen recommended.
Travelling With Russell, 6/9/26
"Russian Typical (New-Build) House & Land Package Tour"
"What does a brand-new house and land package look like in Russia? Take a tour with me of the Academy Park 2.0 residential complex to see a move-in-ready home in action. Located just 35 km from Moscow, Academy Park 2.0 offers ready-made houses surrounded by parks and recreational spaces."
Comments here:

"A Harsh Reality Is About To Hit Millions Of Americans This Summer"

Full screen recommended.
Finance Economist, 6/9/26
"A Harsh Reality Is About To Hit 
Millions Of Americans This Summer"
"You wake up every morning with a weight on your chest that was not there two years ago. This summer is when the weight gets heavier. AI layoffs are hitting white-collar workers who thought a degree would protect them. Electricity bills are surging into the hottest summer on record while LIHEAP was just eliminated for 6 million households. Gas is at $4.55 and climbing. Your September grocery bill will be 15–30% higher than March. Your insurance renewal adds $100–$300/month. Credit cards are compounding at 23.79%. And 90% of Americans say this is a mental health crisis."
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The Daily "Near You?"

Beatrice, Nebraska, USA. Thanks for stopping by!

"The Half Left Behind, When Half Of Your Soul Is Gone"

Full screen recommended.
Wonder Spirits,
"The Half Left Behind, 
When Half Of Your Soul Is Gone"
"When half of your soul is gone, how do you carry on with the fragments left behind?
 A gentle musical embrace for anyone who has ever had to learn how to say goodbye."

Michael Bennett, “After I Pass Away”; "He Never Left My Side"

Full screen recommended.
Michael Bennett, “After I Pass Away”
"Simon Cowell in tears experiencing a truly unforgettable performance by Michael Bennett on America’s Got Talent. In this moving rendition of “After I Pass Away”, Michael pours his heart and soul into every note, leaving the judges, audience, and viewers around the world in tears. From the first note to the final chord, the emotional depth of this song touches every heart. You will witness the raw power of music as it evokes deep emotions, creating a moment where everyone in the room, including the judges and audience members, is completely overwhelmed by the beauty and sorrow of this heartfelt performance. This video captures the intensity of a performance that proves why Michael Bennett is a truly extraordinary talent. Sit back, watch, and feel every emotion in this breathtaking performance."
Oh my God... feel that in your soul...
o
Full screen recommended.
Michael Bennett Sings About His Dying Dog,
 "He Never Left My Side"
"Michael Bennett's wife is gone. His children moved away. His friends have passed one by one. The only one left at his side was an old dog who had been with him for fourteen years. And now even he is dying. This song is for everyone who has ever loved a dog like a member of the family. For every lonely person whose only company was the warm body curled up at their feet. For everyone who has had to say goodbye to a friend who never said a word but understood everything. Simon Cowell, a lifelong dog lover who has spoken openly about his deep bond with his own pets, couldn't hold back his tears. The audience sat in complete silence through the final verse. When did you last hold your dog a little longer than usual? If Michael Bennetts new song moved you, share it with someone who needs to hear it today."
o
This song's for my boy JJ, now 15 1/2...

Native Elder, "When No One Calls and No One Visits"

Full screen recommended.
Native Elder,
"When No One Calls and No One Visits"
o
Full screen recommended.
Michael Bennett, “After I Pass Away”
"Simon Cowell in tears experiencing a truly unforgettable performance by Michael Bennett on America’s Got Talent. In this moving rendition of “After I Pass Away”, Michael pours his heart and soul into every note, leaving the judges, audience, and viewers around the world in tears. From the first note to the final chord, the emotional depth of this song touches every heart. You will witness the raw power of music as it evokes deep emotions, creating a moment where everyone in the room, including the judges and audience members, is completely overwhelmed by the beauty and sorrow of this heartfelt performance. This video captures the intensity of a performance that proves why Michael Bennett is a truly extraordinary talent. Sit back, watch, and feel every emotion in this breathtaking performance."
Oh my God... feel that...

The Poet: Charles Bukowski, "Darkness Falls"

"Darkness Falls"

"Darkness falls upon Humanity
and faces become terrible things
that wanted more than there was.

All our days are marked with
unexpected affronts - 
some disastrous, others less so,
but the process is
wearing and continuous.

Attrition rules.
Most give way,
leaving empty spaces
where people should be.
And now,
as we ready to self-destruct,
there is very little left to kill,
which makes the tragedy
less and more,
much, much more."

- Charles Bukowski

"How It Really Is"

“'Everything Is Fine': The Skeptics Mock As Plagues And Disasters Erupt All Around Us"

“'Everything Is Fine': The Skeptics Mock As 
Plagues And Disasters Erupt All Around Us"
by Michael Snyder

"No matter how bad things get, some skeptics will simply never admit that what we are experiencing is unusual. We live at a time of seemingly endless wars, growing global hunger, alarming outbreaks of disease and constant natural disasters, but they just keep telling us that everything is fine. Russia and Ukraine are absolutely pummeling one another, Iran and Israel are firing ballistic missiles at each other, and we are facing severe shortages of oil and natural gas in the months ahead. Meanwhile, global food production will be way down this year thanks to a historic fertilizer crisis, unprecedented drought and a “Godzilla El Niño” that is on the way. I just don’t understand how some people can be so cavalier about all of this.

Everything is being shaken, and that includes the ground underneath our feet. Less than 24 hours ago, a magnitude 7.8 earthquake absolutely rocked the Philippines… At least 32 people have died after a powerful earthquake struck an island in the Philippines, causing landslides and buildings to collapse into rubble. Eyewitnesses on Mindanao in the south of the country said people rushed out their houses into the streets for safety as the ground shook, while footage of a school in Digos showed young children screaming as the earthquake causes an outdoor structure to collapse.

The magnitude 7.8 earthquake also triggered tsunami waves exceeding a metre that impacted nearby coastlines. This was an immensely destructive quake, and there was a tremendous amount of panic as numerous large buildings suddenly collapsed

Of course most of us will have totally forgotten about this disaster by tomorrow because the news cycle will be feeding us lots of new things to focus on. But one of these days “the Big One” will hit the west coast of the United States. In fact, scientists have determined that the amount of tectonic stress that has built up in Southern California is at the highest level ever recorded…"Since the last major earthquake to affect the wider Los Angeles region, the Fort Tejon earthquake of 1857, with a magnitude of 7.9, tectonic stress along the fault segments has built up continuously during a prolonged quiet period that has long concerned researchers, given the potential for a large future rupture.

In a new study led by Dr. Liliane Burkhard of the Division of Space Research and Planetary Sciences (WP) at the Physics Institute of the University of Bern, an international research team modeled 1,000 years of earthquake history along the southern San Andreas and San Jacinto fault systems to estimate the present-day stress loading at Cajon Pass. Researchers from the University of Hawaiʻi at Mānoa, the U.S. Geological Survey Earthquake Science Center in Pasadena, and the Scripps Institution of Oceanography at UC San Diego were involved. The results show that tectonic stresses in the region have reached and, in some cases, exceeded the highest levels of the last millennium."

I am convinced that earthquakes will be a major theme over the next 12 months, and I am also convinced that volcanic eruptions will be a major theme as well. Right now, 41 volcanoes are currently erupting around the world. But the skeptics insist that there is nothing to be concerned about.

They are also telling us that we will get through the global energy crisis just fine too even though the “absolute operational minimum floor for the global oil system” will be hit just a few short months from now…The absolute operational minimum floor for the global oil system is estimated to be about 6.8 billion barrels. Below that, the system will simply not function. On our current trajectory, the world will reach that point in September, if not before. It turns out there really weren’t 8.5 billion barrels of available oil inventories across the world at the beginning of the war, only 8.5 billion minus 6.8 billion, or 1.7 billion. Big difference!

The moment we reach “tank bottoms” actually comes before we reach operational minimum. Technically, “tank bottoms” refers to the sludge that builds up on the bottoms of storage tanks, which must be periodically cleaned out and disposed of or processed to extract valuable products. In this context, this moment is when practical commercial storage runs very low, so as not to be a reliable buffer between current supply and demand. That’s when a bidding war will begin, and oil prices are likely to spike to $150 a barrel or higher, oil industry executives say. That moment is not far away, even as the world sleepwalks through the greatest oil crisis in history. The only way we avoid a nightmare scenario is if the Strait of Hormuz opens immediately. And that is not going to happen.

Meanwhile, the New World screwworm continues to pop up in even more locations in the Southwest…"The U.S. Department of Agriculture on Monday confirmed three additional cases of New World screwworm, including two in Texas, according to the agency’s animal health arm. The Animal and Plant Health Inspection Service said the two Texas cases affected a calf in La Salle County and a goat in Gillespie County.

APHIS clarified that a fifth case reported earlier on Monday in a dog in Andrews County would be reclassified as the first case detected in New Mexico. The veterinarian who reported the case is located in Texas, the agency said, but the dog resides at a household in Lea County, New Mexico, which borders Texas." The size of the U.S. cattle herd is already the smallest that it has been since 1951. So what is going to happen if the New World screwworm starts spreading like wildfire?

Another plague that is deeply alarming authorities is playing out in central Africa…"The number of confirmed Ebola cases in the Democratic Republic of the Congo (DRC) has risen to 544, in the wake of the US’s health protection agency warned the outbreak could become the largest on record. The epicentre is in DRC’s Ituri province, where Africa’s top public health agency, Africa Centres for Disease Control and Prevention (Africa CDC), have said there have been 515 confirmed cases out of Congo’s total of 544. At least 91 are confirmed dead, with a further 19 cases and 2 deaths in neighbouring Uganda, according to the two countries’ health ministries."

The number of confirmed cases is much higher than we were being told a few days ago. But that isn’t the real story. The real story is that hundreds of people have been dropping dead, and it appears that Ebola is the culprit. But they won’t be added to the total that are “confirmed dead” until testing is complete, and that could take a while.

At the same time, hunger is rapidly growing in impoverished nations in Africa and elsewhere, and many major food exporting countries are experiencing severe drought. Here in the United States, we have been experiencing our worst spring drought ever…The United States experienced its worst spring drought on record last month, with more than 60% of land in the lower 48 states experiencing moderate drought or worse. The drought has sparked alarm among farmers and environmentalists across the country, who warn that food supplies may be impacted and wildfires may blight areas where they are not usually seen.

The dry conditions are concentrated in the southeast, where moderate to exceptional drought covered 99.81% of the region at its peak in April, according to the U.S. Drought Monitor. Severe to exceptional drought covered more than 80% of the region, the highest level in April since the monitor began collecting data in 2000. The latest U.S. Drought Monitor map shows that drought conditions stretch from coast to coast. In fact, you could literally drive all the way across the nation without ever leaving areas that are being stricken by drought. That is crazy.

And as if all that wasn’t enough, now a “Super El Niño” will make drought conditions in much of the country even worse. According to the Daily Mail, it is now being projected that the “Super El Niño” that is coming “will likely be the strongest ever recorded”… The brewing super El Niño will likely be the strongest ever recorded, new predictions suggest. The latest modelling from the European Centre for Medium–Range Weather Forecasts (ECMWF) shows that sea temperatures will be well above average later this year.

Scientists measure the intensity of El Niño using the Niño 3.4 index, which records sea surface temperature anomalies between 5 degrees north and 5 degrees south latitude, and 120 degrees west and 170 degrees west longitude. We have never experienced anything quite like this. Meteorologist Ben Noll is warning that equatorial waters in the Pacific are likely to be much warmer than during any previous El Niño in all of history…

In almost every scenario, temperatures in the equatorial Pacific Ocean will climb 3°C (5.4°F) above average by December. However, some worrying simulations show that the sea surface will be more than 4°C (7.2°F) warmer in this critical region. Ben Noll, a meteorologist and global weather writer at the Washington Post, wrote on X: ‘Almost every scenario now reaches past +3˚C, with a cluster of high–end scenarios in excess of +4˚C. This outlook now depicts the strongest El Niño on record.’

There will be monster droughts, unprecedented heatwaves, widespread crop failures and horrifying levels of global hunger. Tens of millions died during the Super El Niño of 1877 and 1878. How many will die this time around?

Of course the skeptics are not moved by any of this. They insist that we have faced tough times before and have always come through them. So they believe that everything will be just fine somehow. Meanwhile, tech billionaires have been constructing giant underground bunkers in anticipation of the chaos that is ahead…

American tech billionaires have taken it a step further, with Meta’s Mark Zuckerberg installing a 5,000-sq-ft underground shelter at his compound in Hawaii with its own energy and food supplies and blast-resistant doors. OpenAI’s Sam Altman has a reinforced concrete basement under his home, while Peter Thiel, the billionaire chairman of Palantir, previously filed plans for a bunker-style compound in New Zealand.

We really are living during one of the most apocalyptic eras in human history. Sadly, what we have experienced so far is not even worth comparing to what is eventually coming. The chaotic years that are ahead of us are going to be absolutely insane. But many of the skeptics will just keep on mocking until disaster suddenly overtakes them and they are no longer able to mock anything at all."

Bill Bonner, "The Case for Killing Granny"

"The Case for Killing Granny"
by Bill Bonner

‘We’ve got a duty to die and get out of the way with all of 
our machines and artificial hearts and everything else 
like that and let the other society, our kids, build a reasonable life.’
- Dick Lamm (former Governor of Colorado)

Youghal, Ireland - What should old people do? How should they live? When should they get out of the way? When should they die? We ask these questions because, well…first, because we are getting old...and second, we ask with an altruistic purpose. We wonder what the old should do to help head off America’s rendezvous with catastrophe.

It is not really a ‘Golden Age’ in America. But there are plenty of ‘Golden Girls’ and ‘Golden Guys’ living longer. The codgers hang onto their teeth much longer than previous generations, but are otherwise no jollier or more content.

We don’t mind old people. But as we linger longer, it takes more trips to the repair shop to keep the engine turning over. Especially when we approach the end of the road. And there is something not only a little sad, but also a little unhealthy, about the whole spectacle. America’s older people have more wealth than ever...and more political power. And they use the political power to tilt the whole economy in their direction, so that a larger portion of GDP rolls down to meet them.

The Financial Times: "In the two decades straddling 2000, households headed by adults older than 65 improved their median net worth by 42% while the wealth of families of adults 18 to 34 fell by 68%."

Meanwhile, Social Security and Medicare are going broke. LegalClarity.org: "Social Security operates through two legally separate funds: the Old-Age and Survivors Insurance (OASI) fund, which pays retirement and survivor benefits, and the Disability Insurance (DI) fund. The 2025 Trustees Report projects that the OASI fund will exhaust its reserves by 2033, at which point continuing tax revenue would cover only 77 percent of scheduled retirement benefits. The DI fund, by contrast, is in far better shape and is not projected to run out during the entire 75-year projection window."

When analysts combine the two funds for a big-picture view, the exhaustion date lands in 2034, with 81 percent of total scheduled benefits payable from that point forward. But the geezers don’t want to hear about it. They want to keep the checks coming their way...let the next generation worry about the math.

This ‘get it while you can’ attitude is undignified, to be sure. But it is a natural reaction of homo economicus under the unrelenting spell of the Cantillon Effect, whereby the first people into a bubble, a ponzi, or inflation get a much better deal than later arrivals. And it infects the whole society. Get it - by hook, by crook or by Congress - and spend it before the well goes dry.

In this respect, it is a good idea to remain humble...and keep things plain. Trying to prevent a debt crisis by borrowing yet more and more money is a little like trying to prevent a war by bombing your neighbors. Rarely does it work out as advertised. And while we, and the whole choir of Doom, assume that the crisis will be met with a staggering increase in money printing...and much higher rates of inflation...we stand as a poor pilgrim in awe of the Great Mr. Market. He can do what he wants...no need to consult with us.

And remember, the initial effect of a crash is deflation, not inflation. That’s what happened in Japan. Humpty Dumpty fell off the wall in 1990. And then all the pumping, priming, and printing by the Bank of Japan couldn’t put Humpty back together again. It took 35 years just for stocks to recover their nominal, 1990 values.

And remember, too, the feds can’t ‘just print’ money. Money enters the economy by borrowing and spending - notably by the feds. Japan spent hundreds of billions - mostly on infrastructure - but it couldn’t make ordinary people want to borrow. Even NIRP (negative interest rate policy) didn’t coax the old animal spirits from their burrows. Old people controlled the Japanese government and the wealth of the nation. And old people, being antique and precious, weren’t taking any chances.

The Eskimos famously dealt with the old people problem by putting their elders out on the ice. it relieved the community of the burden of caring for them. More than that it definitively transferred all property and decision-making - no need for probate! - to the living.

In America, today, old people not only live longer...they work longer. Which means, their fat derrieres are occupying seats that might otherwise have held the firmer cheeks of a more robust, younger person. And thanks to ‘seniority,’ the cost of employing the old duffer is usually higher.

The real fault line in America is not between the aforementioned political parties. They are nothing but the two flapping wings of the same buzzard. The real contest is between those who benefit from current policies...and those who pay for them. Increasingly, that divide is a matter of age."
o
Research Note, by Dan Denning: "As of the end of 2025, there was about $2.7 trillion in the two ‘trust funds’ that make up Social Security. First is the Old Age and Survivor’s Insurance Trust Fund (OASI). Next is the Disability Insurance Trust Fund (DI). For analytical purposes, we’re going to treat them as one fund today.

On an annual cash flow basis, the fund began running deficits in 2010. This was a combination of two factors. First, the first Baby Boomers eligible for Social Security at age 62 (born in 1946) began claiming benefits in 2008. Then, the stock market crashed and the economy plunged into recession. This gutted the payroll tax receipts that fund Social Security and accelerated the draw-down on accumulated reserves.

In 2021 things got worse. That’s when the fund’s total income - tax receipts plus the interest earned on bonds held by the fund - were no longer enough to cover costs. When that happened, the fund is/was forced to sell bonds to cover the gap and pay benefits.

The chart above from last year’s annual report on Social Security shows that at the current rate, the fund’s $2.7 trillion in reserves will be exhausted by 2034. At that point, tax receipts will be enough to cover only 80% of expected payouts. There will be a $448 billion annual gap between income and costs. And the trust fund will be empty."