“Incidit In Scyllam Cupiens Vitare Charybdim”

“Incidit In Scyllam Cupiens Vitare Charybdim”

by Steve Candidus

“One of the great things about ancient Greek Mythology is that the stories all teach a lesson. They don’t end with – and the moral of the story is – though. They leave it to the reader to figure them out. So in addition to being just plain fun to read they are wonderful teachers about life. Perhaps the best thing about this one is that we still use the expression it contains exactly the same way that the ancient Greeks intended it almost 3,000 years ago. That almost never happens. Language is fluid and the meanings of words and expressions changes from one generation to another, but this one is an exception. The everyday expression it contains is one that we often refer to without really knowing where it came from.

This is one of the tales of Odysseus who was the heroic king of Ithaca and of whose ten-year journey back to Greece after the Trojan War was immortalized in Homer’s ‘Odyssey’. There was a point in his journey when his ship had to enter a narrow straight. It was a passage so narrow that it could only be made under special conditions. They had to have both the wind at their backs and the current in their direction. However, once committed it was impossible to turn back.

Unknown to the sailors the straight was guarded by two deadly perils. On the one side, it was guarded by Scylla. Scylla was a six-headed monster that disguised itself as a rock. On the other side, it was guarded by Charybdis, a terrible deadly whirlpool born of the sea god Poseidon.

In olden times, it was common to refer to any place that a ship came to rest on land as being in a hard place. It didn’t matter if it was blown on shore by a storm, grounded on a reef or brought up intentionally for repair. If it was on shore, it was on a hard place as opposed to the soft place – water.

It also applied to a ship that had foundered. A ship that sinks will eventually rest on the bottom. The land at the bottom of the ocean is therefore called a hard place. It used to be a common term, but it has since pretty much fallen out of practice in common language today. A deadly whirlpool such as Charybdis could take a ship and send it straight to the bottom – a hard place.

So, now as we return to the story of Odysseus we see that their ship had entered a narrow straight and that straight was guarded by two evil perils with hardly enough room for a ship to pass between them. They were forced to choose between the six headed monster ‘Scylla’ disguised as a rock or the dreaded whirlpool ‘Charybdis’ that would surely send them to a hard place and they could not turn back.

There is a Latin proverb from this story, “Incidit in Scyllam cupiens vitare Charybdim” which translates to, “He runs on Scylla, wishing to avoid Charybdis.” In modern day English, we simply say, “They were between a rock and a hard place”. And now you know…”

- https://www.theburningplatform.com/

"Doug Casey on the $20 Burrito, the Affordability Crisis, and What Comes Next"

"Doug Casey on the $20 Burrito,

 the Affordability Crisis, and What Comes Next"

by International Man

"International Man: A $20 burrito has somehow become a national political issue. Is this just another silly internet controversy, or does it reveal something important about the state of the American economy?

Doug Casey: The bottom line is that $20 just isn't worth that much anymore. Malcolm Forbes used to joke that his idea of social change was plenty of tens and twenties. If he were alive today, he'd have to say fifties and hundreds.

If it's a good burrito, $20 might be quite reasonable. On Sunday, I ordered a breakfast burrito at an ordinary restaurant - it was $21, although accompanied by home-fried potatoes. I wasn’t outraged. When I was a kid in the 50s, a bottle of Coke was a nickel or a dime, and any candy bar was a nickel. And if you returned the bottle, you got 2 cents back.

There was an article in the Wall Street Journal last week talking about $100 hot dogs. They're decked out with caviar and other exotic accouterments. But it’s still a $100 hot dog on a bun. It’s the type of thing future generations will tell stories about, as we do of the Romans eating sparrows' tongues - the signs of degenerate civilizations which have lost all sense of value.

People are blaming burrito makers, or cattle farmers, or capitalism itself, for the existence of a $20 burrito. Few blame the government or the Federal Reserve for debasing the currency. Idiotically, they're looking for the government to make it better when the government itself is the problem. The election of the so-called Democratic Socialist Mamdani in New York to cure the problem is a sign that the situation is hopeless. $20 burritos are the least of our problems.

International Man: Some say today’s high prices are simply capitalism at work—the market sets the price, and consumers can choose whether to pay it. It seems something is missing from that argument?

Doug Casey: High prices are not the fault of capitalism. In a pure free market capitalist system, prices of consumer goods would fall consistently. What Boobus Americanus doesn't understand is that we don't live in a real capitalist system. What we have in the U.S. is better described as state capitalism, which is a "partnership" between large corporations and the government. Mussolini described it as fascism - a term he coined. But that word has lost its original meaning. Fascism has nothing to do with jackboots, military parades, and hating Jews. It’s an economic system where the means of production are privately owned but essentially controlled by the State.

International Man: One response to the affordability crisis has been essentially: stop complaining, eat cheaper food, get roommates, and lower your expectations. Are younger Americans actually entitled - or has their standard of living genuinely deteriorated compared with previous generations?

Doug Casey: The key to financial success is to produce more than you consume and save the difference. That's become harder in recent years, because wages have not kept up with debasement of the currency. Even worse, the money that you do save is losing value faster than ever. Saving dollars has become a losing proposition, a fool’s game.

There is no question that each generation of Americans has become softer and more entitled than the previous generation. As technology increases the amount of leisure, and debt finances a higher standard of living, moral fiber diminishes. It's perfectly natural, however unfortunate. Little can be done to alter major trends in a civilization. All you can do is keep yourself from being corrupted and act as a good example.

International Man: Politicians inevitably respond to affordability problems with proposals for higher minimum wages, price controls, subsidies, tax credits, or other government programs. Why do these supposed solutions make the underlying problem worse?

Doug Casey: That’s because none of those things are solutions. To start with, politicians are inevitably the worst type of people in a society. They're professional busybodies who get into politics because they like to manipulate other people and impose their will on them. It's foolish to hope what amounts to a professional criminal class will solve economic problems. The average American knows nothing about economics. And what he thinks he knows is basically Keynesian economics. He's easily convinced that there are political solutions to economic problems.

International Man: If the government continues running huge deficits and debasing the currency, where should people position their capital to protect themselves - and potentially profit from what comes next?

Doug Casey: There is no question but that the government will continue running huge deficits. The deficits are not just huge, but growing exponentially. Those deficits can't be financed from domestic savings, which are approximately zero. They're not going to be financed by selling debt to foreigners, who have come to despise the US. The deficits will, therefore, be financed by selling debt to the Federal Reserve, which pays for them by printing dollars and depositing them in the government's accounts in commercial banks.

The dollar will continue losing value, and at an accelerating rate. Although, because of all the debt that's being created, we might suffer a deflationary credit collapse on the way to hyperinflation. Americans are caught between a rock and a hard place. Or, as recent watchers of "The Odyssey" may have learned, between Scylla and Charybdis."

- https://internationalman.com/

Bill Bonner, "Stroll Through BubbleLand"

"Stroll Through BubbleLand"

by Bill Bonner

Poitou, France - "Today, like a hick at a county fair, we wander through BubbleLand. Our mouth open, we gawk and wonder. We’ve been hunting deer on the ‘back 40’ for years, we ought to be able to hit a few targets and win a stuffed teddy bear, no? Is the ‘Naked Lady’ really a lady? Would a sane person ride on the ‘Death Swirl?’ With so many bright lights and carnival barkers, it’s hard to stay focused on what really matters. The war with Iran? AI? Trump’s health issues? Midterm elections? Rising interest rates?

We don’t know which of these will bring down the tent. But one of them probably will. Yesterday, in the early morning, interest rates looked like the frontrunners. MarketWatch: The U.S. Treasury on Wednesday will be asking investors to hand over another $16 billion for 20 years to help finance the nearly $1.8 trillion U.S. budget deficit so far this year.

The answer from investors probably will be “fine, but you need to pay us close to a 5.28% yield” - the going rate for existing 20-year Treasury debt on Tuesday, and the most it’s cost Washington to borrow this way since the 20-year tenor was auctioned six years ago. With long-term Treasury yields hovering at multi-decade highs, traders have begun asking the uncomfortable question: How much will the U.S. need to pay to convince the world to keep lending it money?

And here’s Barron’s: "30-year yield rises to highest level since 2007 as oil and Treasury supply bite bonds." The Wall Street Journal is on the case too: "Bonds are getting hammered, and Wall Street says the rout won’t end anytime soon."

Really? But the bond rout ended before we finished our breakfast. CNBC: "Treasury yields pulled back on Wednesday from multi-year highs seen earlier this week, with the long end of the curve dropping sharply after the Treasury Department announced an upscaled buyback operation of U.S. long-term debt. The Treasury Department said it will double the size of its government debt repurchases, lending support to longer-dated bonds."

“Repurchase?” With what money? The word hides its true meaning. In effect, the feds are going to ‘print’ money in order to buy their own debt, lowering yields...and further inflating the economy. Gold knew what it meant immediately. At 8 am yesterday, it was selling for $4,416 an ounce. An hour later, the fellow with 10 ounces of gold was $1,000 richer. And by the end of the day, the dots had come together in a preview of America’s financial future. Reuters: ‘US debt crosses $40 trillion threshold after doubling under Trump and Biden.’

The feds can’t stop spending. And they can’t afford to let interest rates rise. Look for more intervention...more debt, and a dollar that shrinks like cotton candy. Under our financial Big Top, there are two things of most immediate concern. First is the amount of debt hanging over us. Second is the interest rate we have to pay on it. As the two of them rise, so do the odds of major blow-up. The feds can delay it by ‘repurchasing’ their own debt...but they just make it worse, later.

But let’s continue our stroll through BubbleLand and keep our eyes open. Here’s some ‘good news.’ Charlie Bilello: "S&P 500 Q2 earnings are now on pace to rise 50% YoY, the highest growth rate since Q2 2021. And the 29% upside surprise in Q2 earnings versus expectations at the start of earnings season is officially the biggest upside surprise on record."

Don’t get too excited. These are not real ‘earnings.’ They are bubble earnings. They come from investments the ‘hyperscalers’ have made in other AI companies. And they’re expected to keep coming. Earnings for next year are estimated at twice the ‘normal’ 15% rate. So far this year the S&P 500 has risen 15% - again, twice the normal level. But so many companies have spent so much money on AI that the ‘Death Swirl’ threatens to topple over.

The top ten companies in the S&P are all dependent on the AI bubble. Sandisk, Dell, Seagate and Micron all have gone up more than 200% this year. And overall, stocks are so expensive that the naïve, long term-oriented investor, depending on dividends, would wait a hundred years to break even. This is not a boom based on actual revenues...but on the hope of more capital gains.

Any Wall Street hustler worth his suspenders knows what to do next. That is the thinking behind what might be another Peak Bubble signal that appeared last week. The Street: "Anthropic’s $2 trillion IPO dream rests on staggering revenue bet." Anthropic now prepares the biggest IPO in history. When investors are eager for ‘pie in the sky’...give it to them a la mode."

- https://www.bonnerprivateresearch.com/

Dan, I Allegedly, "We Just Hit $40 Trillion - You're Going To Pay For It"

Full screen recommended.

Dan, I Allegedly, 8/20/26

"We Just Hit $40 Trillion - 

You're Going To Pay For It"

"The United States has officially crossed $40 TRILLION in national debt - and this isn't just a number coming out of Washington anymore. It can affect your mortgage, car loan, credit cards, business, prices, interest rates and retirement. In this video, I break down what the $40 trillion national debt milestone means for everyday Americans, why the bond market matters, why borrowing costs are rising, and why the government's growing interest expense deserves your attention. We also look at the impact on consumers, businesses, real estate, student loans and the broader economy.

The financial warning signs are getting harder to ignore. I explain why I believe Americans need to get their personal finances in order, build an emergency fund, maintain access to cash and banking, and prepare for a potentially volatile period ahead. We also discuss gold, silver, inflation, Social Security, the housing market, consumer spending, business debt and what could happen if credit conditions tighten further. The $40 trillion debt milestone affects all of us - and understanding what is happening now may help you prepare for what comes next."

Comments here:

- https://www.youtube.com/

Adventures With Danno, "$.99 Deals At Kroger!"

Full screen recommended.

Adventures With Danno, 8/20/26

"$.99 Deals At Kroger!"

Comments here:

- https://www.youtube.com/

"Slow Boil"

"Slow Boil"

by Todd Hayen

"Everyone knows by now the analogy often tossed about these days describing a frog in a pot of water on a stove. The heat is turned up so slowly that the frog has no idea that if he (or she) doesn’t jump out he will be boiled alive. Seems that most sheep, the normies, are like the frog. The rest of us (for the sake of simplicity I will call the rest of us “shrews” - more on that later!) are doing most of the jumping - or at least trying to. I don’t know if TPTB (“the powers that be” - need I clarify?) really care about a few jumping frogs, although our shrew numbers are increasing every day and may soon outnumber the sheep! What does seem to be clear is that some of the sheep are waking up and are attempting to jump out of the pot themselves.

It seems quite imperative that the majority of frogs stay in the pot, because if most of them jump out, there will be no dinner for whoever is cooking them. The shrew frogs are very much aware of the heat being turned up leading to their demise, the sheep frogs still are not quite sure what the hell is happening. In order to fully know the degree of seriousness regarding the pot and water situation you have to believe that the point of being in the pot to begin with is to be boiled - dead. Maybe we can still stick with a metaphor here, but possibly not - the intention of the boiling pot could literally be to kill the sleeping frogs contained therein. Or, at the very least, have them completely under the control of TPTB. Do they need to remain asleep forever? 

I can’t actually answer that question, maybe not, but maybe so. I would think it would be best that they are close to being asleep most of the time. If they wake up too much, they will possibly make too much ruckus. Look at all the totalitarian regimes throughout history, real ones, as well as made up ones (as in Orwell’s “1984”). Being partially asleep, if not totally asleep, seemed to be a rather important criterion in these regimes. Most people, historically, living under totalitarian rule are not that aware of the freedoms they have lost, or the dehumanizing power they live under. This control on a large populace was obviously achieved through government lies, confusions, departures from reality executed by the predominant media, censorship and the silencing of opposing voices - on and on. 

Us shrews are very familiar with these tactics. The sheep don’t believe they exist, even when their little noses are rubbed in it. These tactics have worked brilliantly for centuries in various contexts. Yes, there have always been thinking, awake, shrews, but they are typically silenced, or eliminated, very quickly.

Sheep do whatever they can to avoid seeing the truth. Obviously they think they see it, and make a lot of noise about what they believe is true and why it is true. In this Covid situation typically the noise they make is about how “unscientific” the shrews are, yet in an argument, you seldom hear sheep talk about actual science. They just like to rant on about how so and so is stupid, an anti vaxxer, or a science denier, or is publicly discredited in various ways, or was kicked off of YouTube so they MUST be an idiot. I have never heard a sheep talk about actual science. Maybe they do, and maybe I’ve heard it, but certainly not often.

So the sheep continue to get cooked. Of course the shrews are cooking too. So far, the jumping shrews are getting just as cooked as the sheep, but they are awake, and feel the pain of the boiling water. And, of course, as much as they jump, they can’t get out of the water. Neither can the sheep, but they don’t seem to care - not yet at least.

TPTB are a bit concerned that there is so much jumping going on in the pot. It is possible that all of the shrews and some sheep might jump around so much the lid pops off and a lot of the frogs get out, which could slow things down - not stop things mind you, but slow them down. If most of the sheep and shrews got out of the pot because they were all awake, then that could cause a real disruption in the mainstream agenda. But most of the sheep that are hopping are not really awake. They must want to get back to what, in their previous asleep state, seemed normal. They are tired of Covid - tired of being afraid of it, tired of lockdowns, of restrictions, of inconvenience. They are not awake to the bigger picture like shrews are. In order to be fully awake, a sheep or a shrew has to believe in some rather radical things.

1. The Government of whatever country you live in is corrupt, and they really don’t care all that much about you, if anything at all.

2. Big Pharma is corrupt, and although, if profitable, may come up with some stuff that actually helps people, for the most part they will kill you if they can make some dough doing it and keep most everyone asleep so they can keep doing it (turning up the heat).

3. Most doctors are like privates in a huge powerful army. They follow orders from their generals and “commanders in chief” and they typically do not question them. They get all of their information from specific sources that could, for the above reasons 1 and 2, be wrong. They are NOT, usually, scientists or researchers (although some, on the shrew side, most definitely ARE, but we don’t hear much from them because they are typically silenced (see above.)

4. Institutions such as hospitals and universities depend so much on funding from the corrupt government and corrupt pharmaceutical companies that they are completely unreliable, if not criminal.

5. The mainstream media is also for the most part “fake.” The media is mostly owned and otherwise funded by the corrupt pharmaceutical companies, the corrupt government, and whoever else is supporting the power and money agenda.

This is a big pill for sheep to swallow... for anyone to swallow for that matter, but for some mysterious reason shrews, and wanna-be shrews, swallow that pill without even thinking about it. Why? I don’t know, and this article isn’t going to attempt to figure that out. We just do, and bless us for that.

There are even bigger pills to swallow than the five listed above - the Great Reset, which includes centralization of government and economy, possible eugenics/population reduction, etc. I won’t go into all that. Most shrews are onboard, some are not quite there yet, but some form of “bigger agenda” is at play here beyond just power hungry rich people.

So where does this leave the pot of boiling frogs? Many say the heat is being turned down. Why? Some say because TPTB believe all the frogs are going to get out and shut the whole shebang down. Some say TPTB are afraid for their own safety, that they could be held accountable, tried by a court, and punished - possibly by hanging from an end of a rope.

Granted, TPTB have great incentive to keep most of the frogs asleep so they can continue to boil them. But, in my humble opinion, they are far from any immediate concern that there are too many rambunctious jumping frogs. They may turn the heat down, but only in effective ways that assure calming the frogs down a bit, while turning it up in other ways that the frogs don’t notice. We need to continue hopping, and knock that lid off."

- https://www.shrewviews.com/

"Americans are Preparing For What’s Coming...More Bills Coming"

Full screen recommended.

Michael Bordenaro, 8/20/26

"Americans are Preparing For What’s Coming...

More Bills Coming"

Comments here:

- https://www.youtube.com/

"People Will Be Furious When They See Why Gas Prices Didn't Come Back Down"

Full screen recommended.

Epic Economist, 8/19/26

"People Will Be Furious When They See 

Why Gas Prices Didn't Come Back Down"

"Crude oil cost the same in July 2026 as it did back in January. Gasoline hit $4.003. So where did the rest of it come from? Not the Strait of Hormuz. The Strait carries crude and crude barely moved. From January 2nd to February 27th, 2026, Brent averaged $68.69 a barrel. On July 1st it was $69.24. A penny apart, per gallon. What moved was the refining margin: the money made turning a barrel into fuel. It went from about 44 cents a gallon to $1.45. Over the same stretch the pump went up 97 cents. And the clearest test is this: at crude's absolute peak - April 7th, Brent at $138.21 - the refining margin was BELOW its pre-war level. The margin moves against the crude price, not with it. That alone breaks the "war scarcity" explanation on its own terms. Four big US refiners - Marathon Petroleum, Valero, PBF Energy and HF Sinclair - reported a combined operating-income swing from $3.51 billion to $14.96 billion in a single quarter. An $11.4 billion difference, filed with the SEC on July 30 and August 4, 2026. 

Nothing in the public record we read broke a law. This video does not allege wrongdoing by any company or executive. What it does is follow the arithmetic to where the money actually sits - and the answer isn't an ocean away. The world did not lose crude. The world lost the machinery that turns crude into diesel. Ukrainian strikes took out roughly a third of Russia's refining capacity (18 refineries hit in July 2026 alone; Russia banned diesel exports on July 8). American capacity was retired years ago - 18.8 down to 18.2 million barrels a day since 2019. Roughly two-thirds of the margin expansion is diesel and jet fuel: the fuels that move food, freight and nearly everything you buy. Ken McClure's family started K&P McClure in Lansing, Michigan in 1992 with one truck. He runs forty-four. In March, on local television, he named a month. The school district in Yakima, Washington runs sixty buses. At its own contract price, those buses cost it $213,000 more a year - roughly what two teachers make, in a district where student poverty runs 86 percent. There is no federal price-gouging statute. Just a hole in the law, exactly the size of their fuel bill."

Comments here:

- https://www.youtube.com/

Musical Interlude: Deuter, "Sea and Silence"

Deuter, "Sea and Silence"

"A Look to the Heavens"

"Where did this big ball of stars come from? Palomar 6 is one of about 200 globular clusters of stars that survive in our Milky Way Galaxy. These spherical star-balls are older than our Sun as well as older than most stars that orbit in our galaxy's disk. Palomar 6 itself is estimated to be about 12.5 billion years old, so old that it is close to - and so constrains - the age of the entire universe. 

Containing about 500,000 stars, Palomar 6 lies about 25,000 light years away, but not very far from our galaxy's center. At that distance, this sharp image from the Hubble Space Telescope spans about 15 light-years. After much study including images from Hubble, a leading origin hypothesis is that Palomar 6 was created - and survives today - in the central bulge of stars that surround the Milky Way's center, not in the distant galactic halo where most other globular clusters are now found."

- https://apod.nasa.gov/apod/ap211019.html

"How to Bear Your Desolations"

"How to Bear Your Desolations"

by Maria Popova

"The morning after a relationship of depth and significance long bending under the weight of its own complexity had finally broken with an exhausted thud, I opened the kiln to discover a month’s worth of pottery shattered — two pieces had exploded, the shrapnel ruining the rest. All that centering, all that glazing, all the hours of pressing letterforms into the wet clay — all of it in shiny shards. And meanwhile spring was breaking outside and a little girl in bright blue rain boots was jumping in a puddle, smashing the reflections of the clouds with savage joy. And I thought, this is all there is: breaking, breaking apart, breaking open. Breaking alive.

It is not an easy assignment, being alive. Coming awake from the stupor of near-living that lulls us through our days, awake to the knowledge that on the other side of the neighborhood ICE trucks are handcuffing people and on the other side of the planet children are dying in gunfire, while outside the first birds of spring are singing and everywhere people are falling in love and in some faraway mountain village a shepherd is singing under a thousand stars. And somehow, somehow, all of it has to cohere into a single world in which we, in all our incohesion, must live this single life.

Ellen Bass reckons with all of this in her splendid poem “Any Common Desolation,” originally published in The Academy of American Poets’ poem-a-day newsletter and later included in James Crews’s lifeline of an anthology How to Love the World: Poems of Gratitude and Hope (public library), shared here with Ellen’s blessing.

“Any Common Desolation” read by Maria Popova

"Any Common Desolation"

by Ellen Bass

"can be enough to make you look up

at the yellowed leaves of the apple tree, the few

that survived the rains and frost, shot

with late afternoon sun. They glow a deep

orange-gold against a blue so sheer, a single bird

would rip it like silk. You may have to break

your heart, but it isn’t nothing

to know even one moment alive. The sound

of an oar in an oarlock or a ruminant

animal tearing grass. The smell of grated ginger.

The ruby neon of the liquor store sign.

Warm socks. You remember your mother,

her precision a ceremony, as she gathered

the white cotton, slipped it over your toes,

drew up the heel, turned the cuff. A breath

can uncoil as you walk across your own muddy yard,

the big dipper pouring night down over you, and everything

you dread, all you can’t bear, dissolves

and, like a needle slipped into your vein -

that sudden rush of the world."

Complement with Henry James on how to stop waiting and start living and Hermann Hesse on how to be more alive, then revisit Ellen’s magnificent poem “How to Apologize.” And if you are looking to break your poetry open, I couldn’t recommend her Living Room Craft Talks more heartily."

- https://www.themarginalian.org/

"We All Run Out of Time…"

Full screen recommended.

oltsev art,

"We All Run Out of Time…"

"We always thought we had more.More summers. More mornings. More time to say the things we meant to say. This one is for everyone who has ever wished the clock would just slow down. And for everyone who finally made peace with the fact that it won't.

All lyrics and concepts are written by me. Every frame is built from my own creative direction - the story, the feeling, the reason it exists. I use AI the way a composer uses an instrument. I'm open about that. I think AI can be something more than noise. It can carry real human emotion if a real human puts it there first. Not for speed. Not for shortcuts. I want you to feel it. Thank you for watching."

Delta Blue's Kings, "The Weight of Unspoken Words"

Full screen recommended.

Delta Blue's Kings,

"The Weight of Unspoken Words"

"Some things don’t haunt you because they happened. They haunt you because they never did. “The Weight of Unspoken Words” is a deep Delta blues reflection on silence, pride, missed conversations, and the emotional weight carried by the things we never say out loud. Some words don’t disappear. They stay."

Native Elder, "Why You Hear Your Name Called When Nobody Is There"

Full screen recommended.

Native Elder,

"Why You Hear Your Name 

Called When Nobody Is There"

The Daily "Near You?"

Metamora, Michigan, USA. Thanks for stopping by!

"The Essence Of Life..."

"It was the essence of life to disbelieve in death for one's self, to act as if life would continue forever. And life had to act also as if little issues were big ones. To take a realistic attitude toward life and death meant that one lapsed into unreality. Into insanity. It was ironic that the only way to keep one's sanity was to ignore that one was in an insane world or to act as if the world were sane."

- Philip José Farmer

"Future Uncertain, Part II"

"Future Uncertain, Part II"

by Joel Bowman

“No man of sense, even if he is prosperous for the moment, 

will ever reckon with certainty on the future.”

~ Polybius, "Histories (written between 160 – 146 BC)

Buenos Aires, Argentina - "When we left you last, we were reckoning on a theory of time: it’s speeding up. Alas, we ran out of time to finish the thought! (Readers can get themselves up to speed, right on time, in Part I.)

We’ll pick up that thread in just a moment. But first, what’s the point of all this? Why bother thinking about such abstract concepts at all? Isn’t there something more pressing, more immediate, au courant over which to cogitate? Has POTUS dropped another “Truth bomb” on social media? Is the Iran War on/off again? Has the Empire crested the $40T debt summit? Have the forests all burned and the oceans all boiled? And what happened to inflation figures and GDP measurements and consumer confidence indexes? Where’s “the meat”?

A little patience, if you would be so kind. At least some good things come to those who wait...Besides, we’re teasing out a paradox, dear reader: the idea that the more we come to “know” – about our past, about the human condition, about the world around us – the more uncertain our future becomes. But how could this be so? Conventional, post-Enlightenment wisdom assures us the opposite ought to be the case... that the more we refine our measuring tools, the more we apply cold, hard reason to the questions outstanding, the more easily we’ll be able to “peek around the corner.”

Surely with all our whizz-bang technology... our doubt-free “thought leaders”... our globalist gatherings and press corps. blatherings... we’re closer to “The Truth” than ever before, no? But let us save that laughable conceit for the end of our little tale. Today, we pick up where we left off, hot on the heels of man’s marvelous technological adventure...

Old School Rock ‘n’ Roll: From the humble wheel, which probably got rolling in Mesopotamia (modern day Iraq) sometime around 3,500 BC... to iron smelting, for which we thank the Hittites, c. 1,800 BC... to the precursors to the modern day alphabet, courtesy of the Phoenicians, c. 1,200 BC...

We watched as man plodded along, dragging his simple tools and fractured languages around with him for centuries, sometimes millennia, before his best and brightest (or at least, most fecund) ideas began to catch on. Sometimes these ideas were spread by trade and commerce... other times by war and conquest... and often by pure chance.

Other times, they were simply lost along the way... see the The Baghdad Battery or the Antikythera mechanism or the Greek “Lycurgus Cup,” a dichroic glass artifact whose optical properties weren’t properly understood until modern science... for just a smattering of the ideas History “forgot.” (Our friends at Classical Wisdom have delved into these and other wonders. See more here.)

Indeed, in many ways, the record of History itself, as far as we may claim to “know” it at all, survives largely as a result of chance and contingency, much of it invisible to us. Consider, for example, that it is only because the population of Pompeii was so completely annihilated by the eruption of Mt. Vesuvius (in 79 AD), that their history was preserved for us.

Call it “conservation through extermination.” Convenient for historians, perhaps... not so much for Pliny the Elder and his “fortune favors the bold” shipmates. Ah, but that’s another story, for another time...

Upstream to Mainstream: In any event, it was not until the Renaissance, in general, and Johannes Gutenberg’s moveable type printing press, in particular, when technology really began to reach escape velocity. Cue the Scientific Revolution (c. 1540–1700), the Age of Enlightenment (c. 1680–1800) and the Industrial Revolution (c. 1760–1850), and before you could say “a car in every garage,” Henry Ford’s automobile production plants are cranking out 2M new sets of wheels per year in the United States alone.

Mankind had come a long way since his original rock ‘n’ roll days, back in the cradle of civilization. And he was only just getting going...From the mid-19th to the early 21st Century, technology underwent an acceleration so dramatic it became impossible to ignore, at least for anyone with eyes to see. Herewith, a pithy breakdown of some nifty breakthroughs. (Shown is the number of years it took for each technology to reach 25% of the US population, the so-called tipping point where a technology is said to safely “cross the chasm” into the mainstream)...

Electricity: 46 Years (1873 to 1919)

Automobile: 35 Years (1886 to 1921)

Radio: 31 Years (1920 to 1951)

Television: 26 Years (1926 to 1952)

Personal Computer: 16 Years (1975 to 1991)

The Internet: 7 Years (1991 to 1998)

Smartphones: 4 Years (2007 to 2011)

Faster than Light: This is a phenomenon economists, investors, policy wonks, and fringy newsletter scribblers sometimes call “adoption curve compression,” wherein the time from innovation to saturation... from lab to “fab!”... significantly shortens over time.

The “The Law of Accelerating Change,” as the futurist Ray Kurzweil described it, happens in part because each new technology is able to benefit from the previous technology in order to better “build itself.” Once man had fashioned the first wheel, the first iron tool, the first computer, etc., he could use it to help build a better, faster, more efficient wheel, iron tool, computer, etc. In this way, the rate of technological advancement went from linear... to exponential.

Another contributing factor is the speed at which knowledge (not wisdom, mind you) can travel. In the ancient world, ideas spread as fast as men could physically carry them... about 3 miles/hour. By the industrial era, seated aboard trains and ships, he could manage perhaps 60 mph. And by the time he was surfing the web of fiber optic cables, man’s ideas (good, bad and ugly) could travel at the speed of light. (Actually, it is potentially infinitely faster than that.. as a single piece of information can now travel from Point A to any number of destinations simultaneously, thereby collapsing the denominator of the speed equation from the very outset.)

All of which makes the arrival of Artificial Intelligence entirely unsurprising post factum… but next to impossible to have predicted ante hoc. But is A.I. itself another Gutenberg moment… or a Mt. Vesuvius rumbling underfoot? And is there any way to know for sure? More on all that, next time...Stay tuned for your Notes From the End of the World..."

- https://joelbowman.substack.com/

"The Duty..."

"There is only one basic human right, the right to do as you 

damn well please. And with it comes the only basic human duty, 

the duty to take the consequences."

- P. J. O'Rourke

Travelling with Russell, "Moscow Metro: The Best Metro Line in the World"

Full screen recommended.

Travelling with Russell,

"Moscow Metro: 

The Best Metro Line in the World"

"Let's discover what the Moscow Metro looks like. Having just opened 3 brand new stations days ago. The new line consists of 7 new stations opened within the last 4 months. Discover with amazement just how complex the Moscow Metro really is."

Comments here:

- https://www.youtube.com/

o

Full screen recommended.

"The World's Most Beautiful Underground

Subway Station - Moscow!"

"Join us to discover the breathtaking beauty hidden beneath the streets of Moscow! In this 4K walking tour, we'll explore some of the world's most stunning underground subway stations, often called "underground palaces" because of their incredible architecture, grand chandeliers, colorful mosaics, marble columns, and historic artwork. The Moscow Metro is more than just a transportation system - it's a living museum that reflects Russia's rich history, culture, and artistic heritage. Join me as we walk through these iconic stations, capturing their unique beauty and atmosphere in stunning ultra-high-definition."

OMG...Absolutely stunning, incredible what

a sane, civilized society can achieve...

Comments here:

- https://www.youtube.com/

o

And then, in America the beautiful, there's this, 

watch full screen if you can stomach it...

"Inside Kensington, Philadelphia Homeless Streets"

Canadian Prepper, "Russia is Done F%*king Around, The Gloves Are Off"

Full screen recommended.

Canadian Prepper, 8/19/26

"Russia is Done F%*king Around, 

The Gloves Are Off"

Comments here:

- https://www.youtube.com/

"How It Really Is"

 

"The Greatest Time Of Financial Chaos Will Be Here Soon"

Jeremiah Babe, 8/19/26

"The Greatest Time Of Financial 

Chaos Will Be Here Soon"

Comments here:

- https://www.youtube.com/

o

The Jiang Exclusive, 8/19/21

"These 21 States Will Collapse First 

as USA Enters Recession 2026"

"America is facing a growing debt burden, with $39.4 trillion in national debt and an enormous annual interest bill putting increasing pressure on the economy. But when a recession hits, the impact isn't the same everywhere. Some states have stronger economies, healthier finances, and greater resilience. Others face a combination of pension obligations, population decline, housing pressures, industry concentration, and weakening tax bases that could leave them more exposed during an economic downturn. In this video, Professor Jiang Xueqin examines 21 U.S. states that could be among the most vulnerable if economic conditions deteriorate in 2026. 

We'll look at the warning signs behind each state, including economic growth, debt and pension pressures, demographic changes, employment concentration, migration trends, and the ability of state governments to withstand a prolonged downturn. The goal isn't to predict that any state will literally "collapse," but to understand **which states may face greater economic pressure - and why. Watch until the end to see which states rank highest on the vulnerability list and what these trends could mean for households, businesses, and investors."

Comments here:

- https://www.youtube.com/

o

"The Collapse Is Here! Global Bond Market 

Implodes, US Treasury to the Rescue!"

"Nationwide Blackout On Deck? Get Ready For False Flag Attack On U.S. Power Grid, Likely To Be Blamed On Iran"

"Nationwide Blackout On Deck? Get Ready For False 

Flag Attack On U.S. Power Grid, Likely To Be Blamed On Iran"

by Leo Hohmann

"It’s important to read the government’s favored propaganda organs on the right and on the left because they are very useful in helping us predict the future. In my previous post I featured an article by Fox News about rapidly advancing humanoid robot soldiers, a clear signal that the power elites among Washington’s Epstein class are wanting to prime the pump and get people on the right used to the idea of robots serving in military and law enforcement roles.

Like with the Flock surveillance cameras, don’t worry about your civil liberties being trampled upon, because these armed and dangerous AI robots are “for our safety and security.” They’ll be protecting the border, Fox News tells us. What’s not to love about that? Your typical Fox News viewer will lap it up and feel reassured that their president is using everything at his disposal to keep those nasty illegals from entering the country. They won’t even think about all of the nefarious and brutal possibilities for AI robots, once they’ve been unleashed. But I guarantee you the government is thinking about it, and planning for it.

What better way, for example, to disarm law-abiding Americans who believe in the Second Amendment than to send robot soldiers into their homes to confiscate weapons that can be made illegal with the stroke of a president’s pen? With 6G technology, they will be able to see through walls, through your clothing, etc., and know who has weapons on their person or in their homes. They will no longer need to risk the lives of a human SWAT team breaking down people’s doors. They will simply sic the robots on you under the color of law. They could simply declare you a danger to yourself or your community by virtue of having too many guns, or the wrong type of guns, while speaking out against the surveillance state.

Trump has already signaled his support for so-called red-flag laws, which allow the government to disarm people before presenting any evidence that they could pose a threat to anyone. On Feb. 28, 2018, Trump said, “Take the guns first,” and worry about due process later. The federal government has also already decided, earlier this year, to add people they deem “anti-technology” and “anti-data center” to its list of “potential” domestic terrorists who need to be watched.

Fox News never asks the right questions, connects the right dots, or approaches a story like militarized robots from the right angle. It’s just about using them to protect the border, which sounds wonderful to the average Fox News watcher.

Similarly, we see an article in today’s Daily Mail, that merits our attention. The Daily Mail, like Fox, is a notorious pro-war, pro-deep state propaganda outlet read by millions of mostly right-wing Brits, Canadians and Americans, and in an article today it promotes the idea of the U.S. power grid being attacked and taken down by an outside entity. The article, titled, "Warning that mammoth nationwide blackout could last 18 MONTHS as power grid’s appalling weak spots exposed," tells you everything you need to know about what’s coming.

Remember, Klaus Schwab, former director of the World Economic Forum, said six years ago that a major cyber attack would hit the world and “the Covid-19 crisis would be seen, in this respect, as a small disturbance, in comparison.” These demons always tell us their plans ahead of time. Hollywood is another favorite tool for telegraphing their plans. How many movies were churned out about society-altering pandemics before they launched Covid? They’ve been telegraphing a debilitating cyber attack for almost as long but that still hasn’t happened. I’d say it’s overdue.

The time to prepare for it is now. Previous government studies from years ago have warned this exact same scenario is likely and that a nationwide outage of one year or longer would result in 90 percent of Americans losing their lives. The Daily Mail article says the entire power grid could be collapsed, simply by taking out nine key substations. Below is a brief excerpt: "The United States is at risk of a nationwide blackout that could last 18 months, according to the former chairman of the Federal Energy Regulatory Commission.

Jon Wellinghoff became aware of the alleged vulnerability after a shooting at a Pacific Gas and Electric Company’s San Jose substation, according to the The New York Times Magazine.

He conducted a power flow analysis that modeled the large-scale effects of knocking out the most critical substation in each of America’s three power grids: the Western, Eastern and Texas interconnections. He said this led him to discover just how easy it would be to cripple America’s power supply. “We came up with some very astounding numbers,” Wellinghoff said. “If you knock out nine total substations among these three grids, you can black out the entire United States.”

Their quoted expert, Jon Wellinghoff, says it’s so easy to pull off that “a bunch of 12-year-olds with the internet could do pretty easily.” He then provides a few helpful instructions, almost like he’s hoping someone will attempt the deed he’s warning about, saying “All you have to do is look at a map of the grid and figure out where most of the wires go into the substations—that’s a critical substation.”

First off, we didn’t need the Daily Mail or Mr. Wellinghoff to tell us our power grid has been left vulnerable by our traitorous politicians. People like the late Dr. Peter Vincent Pry started sounding alarm bells about this 20 years ago, and Congress has never appropriated the money to harden the grid against an EMP or cyberattack, even though it would cost a fraction of what it costs to wage even one overseas forever war on the scale of Iraq, Iran, or Afghanistan.

Our politicians are quick to attack other countries, slow to defend our own. While an attack of this nature could very well be carried out by a foreign power such as China, Russia or Iran, the chances are just as good that our power grid has been designed to be easily taken down, or that the U.S. government itself has aspirations of someday taking it down and blaming it on a foreign government it wants to attack.

BOTTOM LINE: The U.S. power grid is ripe for a false flag attack. This could happen either by leaving it intentionally vulnerable to an attack from a foreign enemy that has already been provoked (like Russia or Iran) or from our own government. Let’s pay attention and see if similar stories about America’s vulnerable power grid start getting planted in other mainstream news sites, because in today’s carefully cultivated and orchestrated news cycle, everything gets reported for a reason.

If the Trump regime is running out of conventional munitions and still hasn’t subdued the Iranians six months from now, then what? Thanks to Marjorie Taylor Greene, we already know Trump has been considering the possibility of using tactical nuclear weapons against Iran. We already know the U.S. military is rewriting its nuclear doctrine to allow for a broader use of tactical nukes. What better way to justify such a heinous attack than to have a massive cyber or EMP attack against the U.S. power grid? Blame it on Iran. Americans will clamor for revenge. Then it’s nuke time. The seeds for such an attack have already been planted. All that’s needed is the false flag that can be pinned on the desired target country. Prepare accordingly."

- https://leohohmann.substack.com/

Bill Bonner, "Is this ‘Peak Bubble’?"

Click image for larger size.

"Is this ‘Peak Bubble’?"

by Bill Bonner

Poitou, France -  "The pin approaches. It is a patient pin. It will take its time, but not forever. In all of the bubbles we know of — from tulips to railroads to suburban mortgages — it has never missed its mark. But when we turn our eyes to the bubble itself, we are shocked. This is no ordinary bubble. This is a SuperBubble...bigger...more flamboyant...and more charged with gas than any that came before it. When the pin gets close, watch out.

But first...a ray of sunshine on a gloomy day. Bloomberg: "Parents are hiring $6,500 sorority consultants."Worried about people being out of work because of AI? Well, you can stop worrying. People who will pay a consultant to help a daughter choose a sorority will never lack for ways to take on new hires. But the transition could be rough. And when pin and bubble finally meet, the poor girl can go back into the dorm.

Between the election of Obama and today, the feds have added about $30 trillion of debt — three quarters of the total. So much debt has been added in the last 18 years that a real correction can’t happen without massive bankruptcy, chaos and inflation. That $30 trillion (we are not including private sector credit) was ‘ghost demand’ that came out of nowhere. Nobody earned it. Nobody saved it. But it added to sales, profits...capital values...and the SuperBubble.

The total of US debt in 2008 was only $10 trillion. Now it is approaching $40 trillion — four times as much. And the cost of servicing the debt this year is $1.3 trillion. In 2008, the interest cost was still less than $200 billion...only a fraction of today’s bill.

AI has an important role to play in the SuperBubble too. Just as Alan Greenspan anticipated a big boost to output from the internet (giving him cover to increase the money supply), today Kevin Warsh believes AI will do the job: “AI will be a significant disinflationary force, increasing productivity and bolstering American competitiveness.”

So far, there is no sign of it. Like the internet itself, AI is focused on the ‘paper industry’ of ‘knowledge workers’ — ideas, analyses, contracts, reports, plans, programs, entertainments. The ‘paper’ is a cost...not an asset or revenue. And if the lessons of the internet apply, the machine will produce more paper, making business more expensive, slower...and requiring three more meetings.

Last week, we looked at how incestuous the AI complex had become. A dollar of speculation may show up as income in several places — boosting capital values in all of them. But where did the dollar of investment come from? Where was it earned? When was it saved? Maybe nowhere and never. Like federal debt, it comes out of nowhere...from the credit market or from the bubble itself. In the case of Oracle, for example, the company is putting more than 100% of its earnings into its AI bet. Other speculators are drawing on their bubble gains elsewhere to keep the bubble expanding. The Nasdaq has doubled over the last four years; there’s plenty of wealth to draw on. But it’s bubble wealth, not real wealth. Actual output rises only half as fast as the stock market. Myrmikan Research:

The hyperscalers plus Nvidia plus the three U.S.-based Nvidia suppliers comprise 29.7% of the S&P500—eighty million working Americans every two weeks have part of their paychecks shunted into retirement accounts that buy that index. The inflated market caps provide the collateral that backs over $600 billion in margin loans, used either to boost consumer spending or to fund more stock speculation. An additional $152 billion of consumer debt has been borrowed by life insurance policy holders against their policies, that is, debt borrowed against the debt owned by the insurance companies, increasingly comprised of illiquid private credit held offshore.

In what might be a peak for the whole Bubble Epoch, Google sold a 100-year bond in February. You may wonder why a $4 trillion company...with earnings of $400 billion...would want to borrow at all. Or why sane investors would want to lend money to a company that doesn’t need the money and probably won’t be in business when its bonds finally mature? And what about the dollar; will it be just a collector’s item? But that is just the nature of a SuperBubble. You may already be hoist to dizzy heights, but there is nothing that says you can’t go higher.

Except history. And math. And newer tech. And competition. And physics. The gap between fetching up info, as Google does, and analyzing it, as Claude does, is wider than most people think. It turns out that it takes much more energy to ‘think’ than to fetch. That’s why there are so many ‘data centers’ popping up in cornfields throughout the nation. But it might turn out that the real return is much lower than expected. Myrmikan Research:

According to an April 2026 academic paper: “agentic tasks are uniquely expensive, consuming 1000X more tokens than code reasoning and code chat…” Even worse for businesses: “Task difficulty rated by human experts only weakly aligns with actual token costs, revealing a fundamental gap between human-perceived complexity and the computational effort agents actually expend…Frontier models fail to accurately predict their own token usage….and systematically underestimate real token costs.”

And here’s more good news, recent surveys hint that humans may already be making a comeback. The cost of AI is so high, in some cases, that humans can be cheaper. More effective. And they’ll sit down and have a cup of coffee with you. What’s more, China is developing its own AI...and, as in so many other things, seems to be undercutting US prices. In the normal course of events, it could turn out that the AI industry is smaller and less profitable than we imagined...and that the Chinese own it. Two Chinese companies — Deepseek and Moonshot — are already on their way, according to press reports.

So, how big is the SuperBubble? The ‘hyperscalers’ — Microsoft, Amazon, Google, et al — are worth about $16 trillion. The chipmakers — Nvidia, et al — are worth about $10 trillion. And the AI companies themselves — Anthropic, OpenAI, xAI et al — are worth about $4 trillion more. That’s $30 trillion altogether. Add the feds’ unpayable debt, another $30 trillion, and you have $60 trillion of hot air. A trillion here. A trillion there. Pretty soon you’re talking about one helluva bubble."

-https://www.bonnerprivateresearch.com/

Dan, I Allegedly, "The Bond Market Just Flashes Red"

Full screen recommended.

Dan, I Allegedly, 8/19/266

"The Bond Market Just Flashes Red"

"The economy is entering increasingly dangerous territory as the 30-year U.S. Treasury yield reaches levels not seen in nearly 20 years, pushing borrowing costs and mortgage rates higher. In this video, Dan breaks down what rising Treasury yields mean for mortgages, real estate, inflation, consumer spending, the credit markets and the financial system. We also look at the Japanese yen, Japan's bond market, geopolitical risk, oil prices and why global markets are becoming increasingly unstable. But that's only part of the story. We also examine the potential AI bubble, the sale and use of personal communications to train artificial intelligence, privacy concerns surrounding license-plate readers, Spirit Airlines, Nike, Costco entering Medicare Advantage and the growing pressure on American consumers. From interest rates and housing to technology, privacy and business news, Dan explains why these seemingly separate stories may be connected by a much bigger economic problem. Subscribe to iAllegedly for daily business news, financial news, economic analysis and consumer alerts."

Comments here:

- https://www.youtube.com/

"The U.S. Faces A “Historic” Cattle Shortage As The Size Of The U.S. Herd Shrinks To The Smallest Since 1951"

by Michael Snyder

"A multi-year cattle shortage has pushed the price of beef into very painful territory. In fact, in some areas of the country the price of ground beef now exceeds the federal minimum wage. This is the first time in U.S. history that this has ever happened. At the start of 2026, there were only 86.2 million head of cattle and calves in the United States. That is the smallest the national herd has been since 1951. Just think about that for a moment. This is an enormous problem because in 1951 there were 154 million people living in this nation, but there are 342 million people living in this nation today.

We are being told that we are facing a “historic” cattle shortage, and it is causing some of the biggest meatpackers in the country to shut down facilities…America’s ranchers are facing their smallest cattle herd in 75 years, a shortage now rippling from pastures to some of the nation’s largest meatpackers. Tyson Foods announced last week that it will close beef facilities in Illinois and Utah and pursue the sale of another in Washington as it reshapes its beef business amid what the company called one of the most historic cattle shortages the country has ever experienced. Tyson said recent USDA data suggest supply constraints are likely to persist.

This is a major national crisis. According to the USDA, the size of the U.S. cattle herd has fallen by 8 million just since 2019…USDA data shows the U.S. entered 2026 with about 86.2 million cattle and calves, the smallest herd since the early 1950s. That’s down from roughly 94.7 million cattle and calves in 2019, a decline of more than 8 million animals. This is another instance where the trend is not our friend. I asked Google to create a graph of the size of the U.S. cattle herd by year, and the decline that we have been experiencing since the beginning of the decade is unmistakable…

So why is this happening? The answer to that question is very clear. Ranchers throughout the middle of the nation have been dealing with severe drought… “The biggest thing has been drought,” Eric Belasco, head of the agricultural economics department at Montana State University, previously told Fox News Digital. He said years of dry weather have depleted grasslands across the West and Plains, leaving ranchers without enough feed or water to sustain their herds. Many have been forced to sell cattle early, including cows needed to produce the next generation of calves, making the road to recovery even longer.

This isn’t a new phenomenon. In fact, according to Wikipedia a multi-decade drought in the Southwest actually began in the year 2000… The southwestern North American megadrought is a multidecadal drought in the southwestern region of North America that began in 2000. The 2000–2021 period was the driest 22-year period the region had experienced since at least 800 CE. The megadrought contributed to the first-ever declaration of a water shortage at Lake Mead, one of the two largest reservoirs in the United States by storage capacity. Climate models project increased drought risk and drier soil-moisture conditions in the region through the end of the 21st century.

There had been hope that perhaps the region may be pulling out the megadrought, but then last winter was the driest winter that many areas of the Southwest have experienced in recorded history. It is really hard to raise cattle if it doesn’t rain, and pastures throughout the Southwest are in very rough shape right now… Drought is hammering pastures and rangeland across the Plains and Southwest, pushing conditions significantly below where they stood a year ago.

The states with the highest percentage of pasture and range in the very-poor-to-poor category are in those two regions, according to USDA’s weekly Crop Progress report released on Monday. Nebraska, Colorado and Wyoming have the highest percentage of pastures in this category at 73%, 72% and 71%, respectively. These states also lack pasture in the good-to-excellent category, with Nebraska and Colorado both at 8% and Wyoming at 4%.

The reason why all of us should deeply care about this is because the consequences are being keenly felt at the grocery store. Since 2021, the average price of ground beef in the United States has risen by well over 50 percent…

Today, the federal minimum wage is $7.25 an hour. In some areas of the country the price of ground beef is still a little bit less than the federal minimum wage, and in some areas of the country the price of ground beef is actually higher than the federal minimum wage. Ground beef is now more unaffordable than it has ever been in the entire history of our country.

In 1988, the average price of a pound of ground beef was $1.36. In those days we ate like kings. But now everything has changed, and it isn’t just the price of beef that is going up.It is being reported that Oxford Economics is projecting that global food prices will go up 11.8 percent this year alone…

"Oxford Economics projects that global food prices will rise 11.8% in 2026 and 4.8% in 2027, with the heaviest toll expected on crops—including grains, fruit, and vegetables—as well as dairy products. This outlook follows Europe’s extreme heat and drought, which have harmed harvests, while growers also grapple with steep energy and fertilizer costs, further aggravated by conflicts in the Middle East and Ukraine."

We saw a similar spike in global food prices just prior to the Arab Spring riots in the Middle East many years ago. And JPMorgan just released a report that is projecting that global food prices will go up another 5 percent during the first half of next year… That’s a fitting attitude for Americans staring down the possibility of even higher grocery bills. A new report from JPMorgan, Food Security is National Security: A Compounding Storm, warns that global food costs could climb 5% in the first half of 2027.

Personally, I think that JPMorgan’s forecast is way too optimistic. But that is just my opinion. JPMorgan is concerned about the dual impact of the Super El Niño and the worldwide fertilizer shortage…There are two prongs to JPMorgan’s predicted food deficits: a fertilizer shortage and a monumental weather event. And the Strait of Hormuz’s closure wasn’t just bad for gasoline prices. The strait also sees about a third of the world’s nitrogen fertilizer — an essential form of fertilizer for around half of the world’s crops. Nitrogen fertilizer shortages are a ticking time bomb. Because it’s needed during the early stages of crop growth, we could still be feeling the effects of a shortage as much as a year later.

Most experts are still anticipating that supplies of fertilizer will be flowing normally through the Strait of Hormuz once we get to next spring. Of course if that doesn’t actually happen we will have a real nightmare on our hands. Already, we are facing a harvest season in the fall in which yields will be way down all over the planet thanks to a lack of fertilizer. Everyone is counting on conditions bouncing back to normal in 2027, but I do not believe that is going to happen. Approximately 733 million people on this planet go to bed hungry at night now, and I anticipate that number will only grow during the challenging months ahead."

- https://theeconomiccollapseblog.com