"A Look to the Heavens"

“While drifting through the cosmos, a magnificent interstellar dust cloud became sculpted by stellar winds and radiation to assume a recognizable shape. Fittingly named the Horsehead Nebula, it is embedded in the vast and complex Orion Nebula (M42). A potentially rewarding but difficult object to view personally with a small telescope, the above gorgeously detailed image was recently taken in infrared light by the orbiting Hubble Space Telescope in honor of the 23rd anniversary of Hubble's launch.

The dark molecular cloud, roughly 1,500 light years distant, is cataloged as Barnard 33 and is seen above primarily because it is backlit by the nearby massive star Sigma Orionis. The Horsehead Nebula will slowly shift its apparent shape over the next few million years and will eventually be destroyed by the high energy starlight.”

- http://apod.nasa.gov/apod/ap130422.html

"Life's Funny..."

"And It Was Pointless..."

“And it was pointless… to think how those years could have been put to better use, for he could hardly have put them to worse. There was no recovering them now. You could grieve endlessly for the loss of time and for the damage done therein. For the dead, and for your own lost self. But what the wisdom of the ages says is that we do well not to grieve on and on. And those old ones knew a thing or two and had some truth to tell… for you can grieve your heart out and in the end you are still where you were. All your grief hasn’t changed a thing. What you have lost will not be returned to you. It will always be lost. You’re left with only your scars to mark the void. All you can choose to do is to go on or not. But if you go on, it’s knowing you carry your scars with you.” 

- Charles Frazier

"The Debt Death Trap"

"The Debt Death Trap"

by Jim Rickards

"This morning we got our first look at what we can expect for the next two years (assuming Joe Biden lasts that long). The Senate voted on Biden’s $1.9 trillion budget resolution last night. The vote broke along partisan lines, ending in a 50-50 stalemate. Republicans had proposed a package that would cost about $600 billion. Vice President Kamala Harris cast the deciding vote at 5:30 this morning, breaking the tie. Harris’s role is key because she’s essentially a 51st senator who will break 50-50 ties in favor of Democrats. You can expect many more of these types of votes.

This morning’s vote allows the legislation to go forward. But that doesn’t mean the process is over. The Senate added amendments to the bill that the House had already passed. For example, Senate Democrats reversed previous Republican provisions that would have supported the Keystone XL pipeline and fracking for oil and natural gas. Cancellation of the Keystone Pipeline will destroy tens of thousands of high-paying jobs with benefits. Denying new gas and oil leases will increase energy prices and diminish America’s newfound energy independence from foreign suppliers.

I’m not going to get too deep in the weeds here, but because the Senate added amendments to the bill, it had to go back to the House, which needed to sign off on the changes. This afternoon it did. The House passed the resolution. A final bill will be drafted and passed through an obscure process called reconciliation, which would deprive the Republicans of the ability to filibuster the bill (although under Senate rules this can only be used once per fiscal year and for that reason is usually reserved for major legislation such as tax law changes).

Difficult To Comprehend: The size and scope of this spending program are difficult to comprehend. Nothing like it has ever occurred in U.S. history, except for FDR’s effort to redirect the entire U.S. economy as part of the effort to win World War II. It will provide aid to some in need but, it will also supply windfalls to favored political interests, whether they are in need or not.

This $1.9 trillion comes on top of the $900 billion spending package passed last month and the $3 trillion of spending packages passed by Congress between April and June in 2020. Of course, this entire run of (essentially) $6 trillion in COVID and economic relief is in addition to the $1 trillion baseline budget deficits already built-in for fiscal 2020 and fiscal 2021. The total deficit spending tab for both years, pandemic and non-pandemic, comes to $8 trillion.

More economic stimulus is waiting in the wings. After the new $1.9 trillion package passes, the White House and Congress will likely pursue another multi-trillion dollar deficit spending program focused on infrastructure, education and aid to state and local governments. Republicans may complain about such big-ticket spending, but their complaints will carry little weight. When Republicans were in control of the White House and Senate in 2020, they passed over $3 trillion in deficit spending programs to deal with the pandemic.

Right now, there is no fiscal discipline. COVID has become an all-purpose excuse for practically unlimited spending. What it will not do is stimulate the economy or end the no-growth and slow-growth depression we are now in. Obviously, the policy response to the pandemic caused the new depression.

The Worst Decline Since 1946: The final numbers on the economy for 2020 are in (subject to the usual adjustment processes). GDP growth in the U.S. for 2020 was negative 3.5%. How bad is that? It is worse than in 2009 when growth collapsed by about 2.4%. It is worse than the 2000 and 1990 recessions, which were both quite mild. It is worse than the severe recession of 1982 when growth fell about 2%. In fact, it is the worst decline since 1946 in the midst of the demobilization after World War II.

Before that, you have to go back to the Great Depression years of 1930, 1931 and 1932 to find a worse collapse. In a $22 trillion economy, a 3.5% collapse equates to about $770 billion in lost output. The actual damage was far greater because output figures and GDP do not capture lost wealth in the form of failed businesses, lost skills, and declining asset values in commercial real estate, airlines, resorts, cruise ships and many other endeavors.

The 2020 collapse was bad enough, but where do we go from here? How will the Biden policy plans play out in the real economy regarding growth, jobs, inflation or deflation? Most analysts and TV commentators say that growth will come roaring back in 2021, and we’ll be back to 2019 levels of output by mid-year. Don’t believe it.

The Biden plan will hurt growth, destroy jobs and produce a new recession as early as the first half of 2021. The overall effect will be deflationary (although inflation will follow in 2022 and later as the effects of deflation become unsustainable due to debt burdens and reduced consumption). The pillars of Biden's program boil down to two things. One is his monetary policy, which consists of zero rates and money printing. The second is his fiscal policy, which includes deficit spending and a higher debt-to-GDP ratio. This will be exacerbated by higher taxes, lower wages (due to more immigration) and more regulation. It’s a recipe for economic disaster.

No Velocity: Monetary policy will fail because velocity is falling faster than money can be printed. Velocity measures turnover, the rate at which money changes hands. Velocity peaked in 2008, just ahead of the global financial crisis, and it has continued to plunge until it took a total cliff dive in 2020 during the pandemic. This is why the Fed has been printing so much money. It takes more money just to keep GDP constant when velocity is collapsing. When velocity drops, you get less “bang for the buck” in terms of economic growth.

The Fed has very little control over velocity. That’s because velocity is driven by psychology and inflationary expectations. Right now, expectations of inflation are low. People don’t want to spend; they want to save or pay down debt. The result is that velocity continues to drop, which is a major headwind to growth.

The Fed’s solution (now endorsed by Janet Yellen, former Fed Chair and new Secretary of the Treasury) is more deficit spending by the Congress. The idea is that if citizens won’t spend, Congress will. The goal is to accelerate money velocity. That might work when you have little debt. But that’s obviously not the case today.

Like Greece, Lebanon, Italy and Japan: The debt-to-GDP ratio is the total amount of U.S. government debt divided by GDP. The U.S. debt-to-GDP ratio is about 125% today. That ratio will get worse once the new Biden spending bills pass, pushing the debt-to-GDP ratio to 130%. The only other developed countries with debt ratios that high are Greece, Lebanon, Italy and Japan.

This debt-to-GDP ratio is highly significant. The research shows that at debt-to-GDP ratios of 90% or less, there is a Keynesian multiplier from government borrowing and spending. You can borrow a dollar, spend a dollar and get, say, $1.25 of GDP. The multiplier drops as the ratio gets higher, but as long as you do not surpass a 90% ratio, there is still some bang for the buck. Once you hit 90%, the multiplier is less than one. The U.S. crossed this critical threshold in 2011.

This means if you borrow a dollar and spend a dollar, you get less than $1.00 of GDP. You’re now in a debt death spiral. When the debt is that high, you can’t borrow your way out of it. Each dollar of additional borrowing adds a dollar to the debt but adds less than a dollar to GDP.

An economic time bomb is ticking. Velocity is dropping. Debt is growing. Growth is slowing. The explosion will come in the form of asset bubbles bursting, stocks crashing and soaring gold prices. It’s a debt death trap."

- dailyreckoning.com

"The Devil’s Work"

"The Devil’s Work"

by The Zman

"There is an old expression that has fallen out of favor in the post-scarcity age, but it may be the key to understanding the current crisis. That expression is, “Idle hands do the Devil’s work.” When people do not have anything productive and useful to do with their time, they are more likely to get involved in trouble and criminality. A variant of this is “The Devil makes work for idle hands.” The idea there is if you want to avoid Old Scratch, then make sure you keep yourself useful to God.

The source of these proverbs is unknown, but variations of them go back to the early middle ages, so it is probable they evolved with Christianity. It is not unreasonable to think the idea is universal to civilization. After all, every human society has had to deal with the idle, lazy, and troublesome. Making sure these people are kept too busy to cause trouble is one of those primary challenges of civilization. Every ruler has known that too many idle young men is bad for his rule.

Even in the smaller context, this is something we instinctively know. In the workplace, people with too much free time get into trouble. If the IT staff has too much free time, they start tinkering around with the stuff that is working and before long that stuff stops working and the system goes down. A big part of what goes on inside the schools is to keep the kids and the teachers busy. Home schoolers have known for years that the learning content is just a few hours a day. The rest is busy work.

The point here is that people of all ages need a purpose, something that occupies their mind and their time. If something useful and productive is not filling that need, then something useless or unproductive will fill the void. For most people this may be a hobby or leisure activity. For others, it often means a useless activity is turned into something important. Elevating the mundane to the level of the critical and then creating drama around the performance of the mundane activity.

This is what we see in our political class. The ruling class of every society has a ceremonial role, a procedural role, and a practical role. Outside of a crisis like a war or natural disaster, the political class is performing its duties in the same way a line worker in a factory preforms his role. In popular government this means the pol shows up at public events. He performs the tasks his office requires like signing papers and casting votes. He helps grease the wheels when they need grease.

Into the 20th century, most of our political offices were part-time jobs. State legislatures met for a short period during the year. Otherwise, the legislators were back home doing their jobs. Executive positions like governor and president were fulltime jobs, as they were in charge of the civil service and in the case of president, commander-in-chief of the military. Within living memory, Washington DC would empty out in the spring and remain empty until the fall when Congress returned.

What we see today is politics at all levels has become a full-time job, but one with less to do when it was considered a part-time job. Congress, for example, is something close to a 24-hour drama now. The politicians and their retinues are now doing politics as a full-time obsession. Yet almost all of what they do is unnecessary. In fact, much of what they do is harmful. Very few things passed by Congress enjoy the support of the majority of the people or even a large plurality.

It is not just that these part-time jobs have been made into full-time obsessions. It is that much of what we used to need from government is now filled by individuals, ad hoc networks, and the private sector. Much of what government does is actually done by private contractors on government contracts. One of the ironies of the post-Cold War world is that the federal workforce has declined relative to the population, while the number of people employed in politics has gone up.

Then there is the fact that much of what government does could be automated or simply eliminated entirely. The services that are required like renewing licenses and paying fees can all be automated. In many cases they have been, but that did not result in fewer people, as we see in the dreaded private sector. Instead, it resulted in more idle hands looking for a purpose. On the political side, much of what Congress does could also be eliminated or automated.

What has happened in the last 30 years is we have grown the idle class at the top of our society and while decreasing their necessity. Much of what goes on in our politics is make work designed to get public attention. Think about it. If the cable news channels were shuttered and the social media platforms run by the oligarchs were closed, what would change in America? Nothing of practical importance. Our world would get quieter and there would be a boom in forgotten hobbies.

American political culture evolved during the Cold War to fight communism and prevent a nuclear war. Those were important tasks that occupied the minds and hands of the political class. Once those things went away, those idle hands searched about for a new crisis. Health care, Gaia worship, Islam and now invisible Nazis have been used to keep the idle hands of the political class busy. In the process, the political class has been driven mad and is threatening the rest of society."

- https://www.theburningplatform.com/

The Daily "Near You?"

Woods Hole, Massachusetts, USA. Thanks for stopping by!

"There Arrives A Point..."

"When swimming into a dark tunnel, there arrives a point of 

no return when you no longer have enough breath to double back.

 Your only choice is to swim forward into the unknown and pray for an exit." 

- Dan Brown

"The Top 10% Is Doing Just Fine, The Middle Class Is Dying on the Vine"

"The Top 10% Is Doing Just Fine, 

The Middle Class Is Dying on the Vine"

by Charles Hugh Smith

"I've been covering the decline of America's middle class for over a decade with charts, data and commentary on the social depression that has accompanied the decline. While there are many mutually reinforcing dynamics in this 45-year decline - demographics, global energy costs, financialization and globalization, to name a few - one term describes the accelerating erosion of America's middle class: decapitalization.

To understand decapitalization, we need to start with the fundamentals of any economy between labor (wages) and capital and between investment and speculation. Although it's tempting to oversimplify and demonize one or the other of these basics (speculators bad! etc.), they each provide an essential role in a healthy economy, one which is in dynamic equilibrium, a state analogous to a healthy ecosystem with constantly changing interactions of numerous species, individuals and inputs (weather, etc.). This variability enables the order of fluctuations (to use Ilya Prigogine's profound phrase), a dynamic stability/equilibrium.

If labor's share of the economy drops too low, the workforce cannot consume enough to support their households and the economy as a whole. If capital can no longer earn an attractive return, investment dries up and production stagnates. If speculators are not allowed to take on risk, liquidity dries up and risk crushes investment. But if speculation becomes the foundation of the economy's "growth," then the inevitable collapse of speculative bubbles will crash the economy.

In modern social-capitalist systems, the core stabilizer of the system is the wage-earning middle class which provides the stable workforce driving production and the stable pool of consumers needed to borrow money and consume enough to soak up the production of goods and services at a profit to producers. Without a stable, dominant middle class, capital has few opportunities to invest in productive capacity. Without a stable, dominant middle class, the economy stagnates and is prone to collapse as it is far from equilibrium.

The process of middle class decline is best explained as decapitalization because the middle class is fundamentally a means of transforming labor into capital via savings and investment. The traditional ladder of social mobility from the working class to the middle class is one of capitalizing work: time and savings are invested in higher education, in effect capitalizing future labor by increasing productivity.

Capital isn't limited to cash, land or tools; in an information economy, knowledge and skills are also capital, as is the social capital of social networking and relationships formed with mentors, suppliers, lenders, colleagues, investors, etc. The second way to capitalize work is to save earnings and invest the savings in assets that produce income or gain value: a house, land, rental property, small business and income-producing financial assets such as bonds or dividend-paying stocks.

Thrift, investing, long-term planning and deferred consumption are all essential to capitalizing work by turning that labor into income-producing assets. As the household's ownership of these assets that yield unearned income rises, so does their income and wealth. These increase the financial security of the household and build a nest egg which can be passed down to the next generation, improving their security via inheritance of income-producing assets.

As long as productivity is increasing the value of their labor, the middle class can leverage future earnings into assets by borrowing money to invest in assets: to buy a house, a mortgage is borrowed against future earnings. As long as the mortgage is a fixed-interest loan and income can be expected to rise with productivity, then this is a win-win situation: capital earns a predictable, low-risk return from the mortgage and the middle class household has stake in a family home, an asset which acts as a savings mechanism as the mortgage slowly pays down the debt and increases the household's home equity - a form of savings.

The processes of decapitalization have upended this entire structure. In the systems context outlined above, our economy is out of balance and far from equilibrium and thus prone to collapse. For the bottom 90%, which of course includes the middle class however you define it, it's increasingly difficult to capitalize labor into capital. There are a number of factors driving this decapitalization:

1. Wages' share of the national income has continued a five-decade downtrend. (See chart below) National income since 1973 has shifted from labor (wages) to capital and more specifically, to debt and speculative gaming of the system, a.k.a. financialization.

Total household income in the U.S. in 2018 was $17.6 trillion. The decline in wages' share of the national income from 1973 to 2018 is about 8.5%, which equals $1.5 trillion, the sum shifted from labor to capital every year. (See chart below)(source:)

No, this is not a typo. As this RAND report documents, $50 trillion has been siphoned from labor (the lower 90% of the workforce) to the Financial Aristocracy and their technocrat lackeys (the top 10%) who own the vast majority of the capital (see charts below): Trends in Income From 1975 to 2018.

2. Within the workforce, wages have shifted to the top 10% who now earn 50% of all taxable income. (See RAND chart below) Financialization and globalization have decapitalized the skills of entire sectors of the workforce as automation and offshoring reduced the human capital of workers' skills and experience and the value of their social capital. When the entire industry is offshored, skills and professional relationships lose their market value.

In a fully globalized economy, every worker producing tradable goods/services is competing with the entire global workforce, a reality that reduces wages in high-cost developed nations such as the U.S. Financialization has heavily rewarded workers with specialized gaming the financial system skills and devalued every other skill as only the skills of financialization are highly profitable in a globalized, financialized economy.

3. As the high-wage jobs and capital shifted to coastal urban centers, middle class owners of homes and capital elsewhere saw the value of their assets decline. If a home valued at $100,000 in the late 1990s is now worth $150,000, the owners lost ground even with "official" inflation. In terms of real-world purchasing power, their home actually lost significant value in the past 23 years.

Meanwhile, middle class owners who bought their home in a coastal hot-spot for $100,000 23 years ago are now enjoying home valuations close to $1 million. Homes, along with every other asset, have been shifted into a casino where almost everyone is sorted into winners and losers, less often by skill and more often by luck. For those who were too young to buy in 1997, sorry - the opportunity to buy a home for three times average middle class income is gone. The lucky generation who bought in the late 1990s in booming coastal magnets for global capital joined the top 10% and their colleagues in less desirable regions lost ground.

4. As capital siphoned off income and appreciation from labor (human and social capital), the gains accruing to capital accelerated. Those who already owned income-producing assets reaped both income and asset appreciation gains as yields on savings collapsed to near-zero as the Federal Reserve and other central banks dropped yields to near-zero in 2009 and kept them low for the following 13 years.

This had two devastating effects on the middle class: hundreds of billions of dollars that once flowed to savers and money markets disappeared, swallowed by the banks as a direct (and intentional) effect of the Fed's ZIRP (zero-interest rate policy). Since the Fed destroyed low-risk yields, anyone seeking any real yield (i.e. above inflation) would have to enter the casino and compete with hedge funds, insiders and the Financial Aristocracy. Very few middle class workers have the skills and experience to beat the pros in the casino, and so income and wealth accrued to those who already owned capital. This is a key reason why the rich got richer and the poor got poorer. Those with capital accrued the majority of gains in income and wealth, leaving the bottom 90% in the dust.

A recent Foreign Affairs essay Monopoly Versus Democracy included these stunning statistics: "Ten percent of Americans now control 97 percent of all capital income in the country. Nearly half of the new income generated since the global financial crisis of 2008 has gone to the wealthiest one percent of U.S. citizens. The richest three Americans collectively have more wealth than the poorest 160 million Americans."

The 3% of income from capital collected by the bottom 90% - which includes the middle class-is basically signal noise: the middle class collects inconsequential crumbs of income from capital. (stimulus)

Prior to the Fed's ZIRP and financialization of the economy, the middle class could both collect income from capital they owned and they could afford to acquire assets that yielded low-risk solid returns. Now they can do neither. Even worse, the purchasing power of their labor continues to decline, leaving them less able to save and buy assets.

This is why The Top 10% Is Doing Just Fine, The Middle Class Is Dying on the Vine. Please study these charts as a means of understanding the inevitability of economic stagnation and a revolt of the decapitalized middle class."

- https://www.oftwominds.com/

Greg Hunter, "Weekly News Wrap-Up 2/5/21"

"Weekly News Wrap-Up 2/5/21"

By Greg Hunter’s USAWatchdog.com

"Impeachment 2.0 is gearing up for the trial in the Senate next week. The Democrats want Donald Trump to testify, and his lawyers say – not going to happen. They have to prove their case, and they ain’t going to be able to do it says the Trump impeachment tag team of lawyers. This is another phony impeachment for a guy no longer in office. The country burns while the Senate fiddles.

If you did not really know how deep the corruption was in the D.C. swamp, you certainly do now. Just about the time I feel we are finally hitting bottom, another trap door opens and we sink further. The one thing we have seen in all this fraud with the elections is how deep the swamp really is. We also now know there is really only just one big criminally, compromised and corrupt party that hates “We the People.”

The economy is still sinking, and it’s not going to bounce back anytime soon. The incompetence in Washington comes when an illegitimate government is put into power by fraud. On its face, it is incompetent, and the world knows it. How long can the confidence game with the dollar and the Treasury market last with the inmates running the asylum?"

- https://usawatchdog.com/

Join Greg Hunter of USAWatchdog.com on Rumble as 

he talks about these stories and more in the Weekly News Wrap-Up.

-https://rumble.com/vdl1jb-weekly-news-wrap-up-2.5.2021.html

"How It Really Is"

 

"No Ways Tired in A Sea of Lies"

"No Ways Tired in A Sea of Lies" 

by Chris Floyd

"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies. One of the hardest things to accept is that the reality of our world is buried under so many layers of official deception and well-cultivated public ignorance about our history and our political system. Even if you break through somehow, momentarily, and hold up a fragment of the truth, most people have no context for dealing with it. It's like a bolt from the blue, they can't process the information. And so the sea of lies closes over us again, and again, and again. And yet the reality of our future appears on the horizon, denial be damned, an irresistible tsunami of destruction, changing all our lives forever.

These are the facts, and they can't be altered. But how to respond to this catastrophe? Shall we weep, moan, rend our garments, cover ourselves with sackcloth and ashes? Shall we sit upon the ground and tell sad stories of the death of republics? Shall we cower in the shadows and sing glamorous dirges for the Lost Cause, for vanished glories and broken dreams?

Or shall we come out fighting, unbowed, heads high, laughing fools to scorn, rejecting at every turn the moral authority of murderers and thieves to rule our lives, determine our reality, act in our name? Let's dispense with lamentation - give not a single moment to that emotional indulgence - and get right back to work, more determined than ever to bear down harder, dig deeper and excavate the radioactive nuggets of truth still glowing beneath the slag-heap of ruin.

Let's fight, let's reject, let's resist - without violence, the weapon of the stupid, the hormonal secretion of evolutionary backsliders in thrall to the chemical soup in their heads, dull primitives dressing up their ape-lust for power with scraps of religion, philosophy and cant. Let's fight these pathetic, malfunctioning wretches who lay their hands on our world and rape it like beasts in a mindless rut. Fight them with the truths we find, exposing their crimes and deadly hypocrisies to the people they've suckered, perverted and betrayed.

This is not an insurmountable task, no matter how impervious the Machine - that monstrous conglomeration of judicial bagmen, Congressional rubber stamps, psychopathic media moguls, dopehead radio ranters, sex-crazed theocrats, war profiteers, think-tank bleaters, Wall Street sharks, oilmen, Moonies, gun nuts and woman-haters - might appear at the moment.

I don't know what else we can do, except to keep on telling as much of the truth as we can find, to anyone who will listen: reclaiming reality, fragment by fragment, one person at a time. It's an endless task- maybe a hopeless task- but the alternative is a surrender to the worst elements in our society- and in ourselves. It's worth the fight. Let's take it on. In the words of the old spiritual, let us be in no ways tired. The road back to sanity starts now."

- http://chris-floyd.com/

Must Watch! Gregory Mannarino, "MASSIVE CRASH AND BOOM! #LIES​ #FAKERY​ #MISINFORMATION​ #DISTRACTIONS"

Gregory Mannarino,

"MASSIVE CRASH AND BOOM!

  #LIES​ #FAKERY​ #MISINFORMATION​ #DISTRACTIONS"

- https://traderschoice.net/

"The Fire This Time"

"The Fire This Time"

by Jim Kunstler

"Can’t we just all get along? No, apparently. Branding everyone to the right of Woke a “terrorist” and an “insurrectionist,” as is the style these days with the sore winner party, will probably not warm a whole lot of hearts and minds among the politically disenchanted. It comes with an odor of desperation, too, as if Joe Biden’s consolidated Deep State is so lacking in confidence, even in victory, that it can’t distinguish policy from punishment - and so the beatings will continue until morale improves.

Outside the razor-wired DC perimeter, with its bomb-proof bureaucracy, the economy is in freefall. This has not quite come to the attention of a new regime aroused over systemic racism and the pressing need to expand athletic opportunity for transsexuals. But an inferno is racing across the land like a prairie fire and the remaining American buffalo out there may be inclined to stampede before long. Can Ol’ White Joe hear their distant hoofbeats from the Oval office? Maybe not with Nancy Pelosi and AOC screaming in his ears.

The Bureau of Labor Statistics reported 779,000 people filed for first-time unemployment the week ended January 30. The news media called that “a beat” because it was under the 830,000 expected. It’s been that way week-after-week this year of Covid-19. Nonfarm business sector labor productivity decreased 4.8 percent in the fourth quarter of 2020, the largest quarterly decline in the measure since the second quarter of 1981. Yes, forty years ago, when the US population was 226 million (it’s now 330 million). The stock market responded by smashing new all-time- highs. Bad “optics?”

How do you think the value of shares manages to go up, up, up, and away, day-after-day, while the value of the economic activity goes down, down, down day-after-day? Must be Modern Monetary Magic, like the Federal Reserve purchasing $80-billion a month in US Treasury bond issues and another $40-billion in mortgage-backed securities for a grand total of $140-billion a month. The real monetary magic, of course, is that it’s possible to have a Wall Street boom while the economy collapses. The nation’s assets have already been stripped, so where is all this “value” actually coming from? Answer: from the false expectation of enormous future American productivity. It’s false because it’s based on the creation of debt that can’t possibly be paid back…ever. It’s not based on investment in future productive enterprise.

The economy won’t be fixed by policy because the things that have to happen to fix it will be resisted to the death by the parasitical entities feeding on what little remains. For instance, Walmart. Do you think it’s unhealthy that all the profit in American commerce is funneled into Bentonville, Arkansas? It used to be distributed in hundreds of thousands of small businesses in tens of thousands of US towns and cities. What do you think will die first: Walmart or the organism its feeding on?

Since the dynamic at work is emergent and non-linear, other forces can come between these relationships and change things. We are already in conflict with China, the land that supplies most of the merchandise in Walmart. The conflict right now is mostly playing out in the capture of US corporate and cultural enterprise, and in cyberwarfare, and it’s liable to hotten up around the continued sovereignty of Taiwan (America’s China). It’s difficult to assign intentions to another country but it appears that China’s China wishes to cancel the USA as the fading hegemon on the world stage, at least neutralize us, and perhaps dominate us. Mr. Trump is no longer in place to resist that, and the country might be forced to consider all those deals that our new president, “China Joe” enjoyed from the Biden family’s business ventures there over the years.

Emergently, then, the Big Box business model could fail, and in fairly short order, which would at least give Americans a chance to self-reorganize the production and distribution of goods in our own country. It sure won’t be like 1957 again, but it would give an awful lot of idle people more to do when they get up in the morning. Wait for it, and plan accordingly.

In the meantime, we are treated to the sordid spectacle of Democratic Wokesters endeavoring to destroy what remains of American cultural life. It’s an incomparably stupid and malign distraction from the imperatives of this historical moment. They will not succeed in cancelling those who object to the systematic disassembly of our national language, myth, and meaning, even if we have to go back to the mimeograph machine to keep these things alive. They will not turn a republic into a psychopathic despotism. Politics, they say, is downstream from culture. Truth is the antidote to a culture of lies. The upcoming impeachment trial of former president Trump will be a showcase for that, and it may prove to be a hoax too far."

- https://kunstler.com/

"And There Comes A Time..."

“Cowardice asks the question, 'Is it safe?' Expediency asks the question, 'Is it politic?' Vanity asks the question, 'Is it popular?' But, conscience asks the question, 'Is it right?' And there comes a time when one must take a position that is neither safe, nor politic, nor popular, but one must take it because one's conscience tells one that it is right.”

- Martin Luther King Jr.

"What Will It Take?"

"What Will It Take?"

by Ray Jason

"Wake up, Humanity! What will it take before you snap out of your trance and realize that this Wuhan Virus “pandemic” is the most malicious fraud ever devised. It is the only psychological operation that has been attempted on a global scale. Even World War I and World War II did not bludgeon the entire planet.

What will it take before you realize that when the “experts” look into the TV cameras and tell you that this is about your health, they are lying. This is about submission and domination. This is about confusing you and demoralizing you and completely breaking your spirit. How else do you explain their latest gleeful atrocity… anal swabs.

Our Malignant Overlords have been carefully monitoring our reactions to this scamdemic, and they now believe that the masses are so docile that they will accept almost any level of degradation. The lunacy of detecting a respiratory ailment with a digestive system test, is obscenely absurd. It’s like treating constipation by putting a cast on somebody’s arm.

Perhaps being forced at an airport to bend over for “The Swab,” might be the “What will it take” moment. Maybe this perverted invasion of human privacy and dignity, will be the catalyst for a tsunami of justified resistance. Might the people finally arise and say, “We will no longer submit or comply or let you destroy us with your imaginary disease!”

But if it is “imaginary,” the Karens exclaim, how do you explain all of the WuFlu deaths? The answer is that they are the result of deliberate deception. The average “deaths per 1,000” numbers around the world did not increase in 2020. Had there truly been some ghastly plague, these figures would have been significantly higher.

The deaths attributed to C-19 are in fact “reclassification deaths.” Notice that influenza and pneumonia and tuberculosis have practically disappeared from the charts of annual deaths. Was this because miracle cures for all three of these were suddenly discovered?

No, it was because they were reported as WuVi deaths. And there were major financial incentives to do so. For example, in the U.S., if the death certificate said C-19 was the cause, the hospital would receive a government payment of tens of thousands of dollars. But they received zero for other respiratory diseases.

Another motivating factor for falsifying the death statistics, was the power that it granted to petty tyrants. Most people, due to their “decency bias,” have a difficult time believing that some humans are just born with the desire to dominate others.

Such damaged individuals seek careers that allow them to exercise that craving for power. Politics and bureaucracy offer immense opportunities to actualize their Napoleonic perversions. And the more soulless and ruthless they are, the higher they climb in the domination hierarchy.

I have found myself wondering what will it take so many times during the last year. Here are some examples that might have astounded you as well.

When the “two weeks to flatten the curve” turned into months and months and months. When the cheap and amazingly effective therapy using hydroxichloroquine was demonized and then banned in many places.

When 1,000s of years of medical protocols were forsaken in favor of a policy that locked-down everyone instead of the sick, the elderly and the vulnerable. When anyone questioning this medical strategy was ridiculed and silenced.

When masks were made mandatory, even though it actually says on the side of the box that such masks do not protect a person from viruses. When the experts started claiming in one voice that we would never return to “the Old Normal”… almost as though they had a secret agenda fully mapped out for us.

When even the transition to their “New Normal” became as shifting and dangerous as quicksand. They told us that when herd immunity was reached, the lock-downs and masks would be discarded. That was soon changed to when enough people were vaccinated. But then we were told that even after vaccinations, masks and lock-downs would still be required.

So, what will it take, before you realize that these people are stealing your freedom and your dignity and your future? Will the anal swabs finally jolt you into peaceful insurrection? Or will you just continue watching and believing your TVs… but from the bent-over position?"

- https://www.theseagypsyphilosopher.blogspot.com/

- https://www.theburningplatform.com/

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An essential Must Read:

"Redefining Death"

Musical Interlude: Flash And The Pan, "Hey, St Peter"

Flash And The Pan, "Hey, St Peter"

The Poet: Wendell Berry, "Circles of Our Lives"

"Circles of Our Lives"

"Within the circles of our lives

we dance the circles of the years,

the circles of the seasons

within the circles of the years,

the cycles of the moon

within the circles of the seasons,

the circles of our reasons

within the cycles of the moon.

Again, again we come and go,

changed, changing. Hands

join, unjoin in love and fear,

grief and joy. The circles turn,

each giving into each, into all.

Only music keeps us here,

each by all the others held.

In the hold of hands and eyes

we turn in pairs, that joining

joining each to all again.

And then we turn aside, alone,

out of the sunlight gone

into the darker circles of return."

- Wendell Berry

"Holding On To Something..."

Sam: "It's like in the great stories Mr. Frodo, the ones that really mattered. Full of darkness and danger they were, and sometimes you didn't want to know the end because how could the end be happy? How could the world go back to the way it was when so much bad had happened? But in the end it's only a passing thing this shadow, even darkness must pass. A new day will come, and when the sun shines it'll shine out the clearer. Those were the stories that stayed with you, that meant something even if you were too small to understand why. But I think Mr. Frodo, I do understand, I know now folk in those stories had lots of chances of turning back, only they didn't. They kept going because they were holding on to something.

Frodo: What are we holding onto, Sam?

Sam: That there's some good in the world, Mr. Frodo, and it's worth fighting for."

- Samwise Gamgee, 

"Lord of the Rings: The Two Towers"

"Truth..."

"Truth: the most deadly weapon ever discovered by humanity. 

Capable of destroying entire perceptual sets, cultures, and realities. 

Outlawed by all governments everywhere.

Possession is normally punishable by death."

- John Gilmore

A comment: According to statistics compiled by the UN, by the time the sun rises tomorrow morning 30,000 children world wide will have died overnight from malnutrition, disease, lack of potable water, and lack of basic medical care. That's every night, all year long, 30,000 children dying because no one cared. Trillions of dollars wasted on insane wars, economies destroyed by psychopathic greed, the environment dying in front of our eyes, and no one cares. No wonder Sir Arthur Conan Doyle described humanity as, "Poor silly half-brained things peering out at the infinite, with the aspirations of angels and the instincts of beasts." The "instincts of beasts" is evident for all to see... sometimes all this wears me down, and I look around, hoping to see the "aspirations of angels," hoping desperately that we can somehow awaken from the madness crushing us all, that together we can still rise above the despair and hopelessness and make a better world, where no child dies from hunger, where wars are a distant memory, where everyone can live full, dignified and honorable lives in peace. An impossible, hopeless struggle? Perhaps, but how dare we call ourselves "Human" if we don't try to make that vision real, in any way we can, no matter the price? A dream, you say? Yes, that's all it is... but without those dreams, those aspirations, all that's left is the "instincts of beasts", and we all see very clearly what those have brought this world to... - CP

Chet Raymo, “The Spark of Life”

“The Spark of Life”

by Chet Raymo

"In a previous post I quoted Teilhard de Chardin referring to the discovery of electromagnetic waves as a "prodigious biological event." A biological event? What could he mean? The universe was awash with electromagnetic waves long before life appeared on Earth, or anywhere else in the universe. The cosmic microwave background radiation- the residue of the big bang- is electromagnetic. Starlight is an electromagnetic wave. You can "discover" electromagnetic waves by opening your eyes.

Of course, what Teilhard referred to was the conscious control of electromagnetic radiation by sentient biological creatures. Electromagnetic waves were predicted theoretically by the Scottish physicist James Clerk Maxwell in 1864, as he played with equations describing electric and magnetic fields. Then, twenty-two years later, electromagnetic waves were experimentally demonstrated by Heinrich Hertz, who in effect made the first radio broadcast and reception. At Hertz's transmitter a spark jumped back and forth between two metal spheres 50 million times a second. Across the room a similar spark was instantly produced at the receiver. Invisible electrical energy had passed through space at the speed of light.

A spark dancing between two spheres- an unpretentious beginning for the age of radio, television, mobile phones and wireless internet. That first transmitter and receiver had a basement-workshop simplicity about them. Hertz demonstrated the nature of electromagnetic waves with constructions of wood, brass and sealing wax.

Wood, brass, sealing wax and conscious intelligence. Here on Earth- perhaps throughout the universe- stardust gave rise to living slime. The slime complexified, became conscious. Invented mathematics, experimental science. Caused sparks to jump between metal spheres. Sent the signature of biological activity across a room. Across a planet. Across the universe."

"Prodigious!”

- https://www.sciencemusings.com/