Full screen recommended.
Liquid Mind VI, "Spirit"
So, we rise from the rubble...
Thursday, July 15, 2021
"A Look to the Heavens"
"In silhouette against a crowded star field along the tail of the arachnalogical constellation Scorpius, this dusty cosmic cloud evokes for some the image of an ominous dark tower. In fact, clumps of dust and molecular gas collapsing to form stars may well lurk within the dark nebula, a structure that spans almost 40 light-years across this gorgeous telescopic portrait.
Known as a cometary globule, the swept-back cloud, is shaped by intense ultraviolet radiation from the OB association of very hot stars in NGC 6231, off the upper edge of the scene. That energetic ultraviolet light also powers the globule's bordering reddish glow of hydrogen gas. Hot stars embedded in the dust can be seen as bluish reflection nebulae. This dark tower, NGC 6231, and associated nebulae are about 5,000 light-years away."
Gerald Celente, The Trends Journal: "Celente Hit, COVID BLUES"
Full screen recommended.
Gerald Celente, The Trends Journal:
"Celente Hit, COVID BLUES"
"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over hype and propaganda to help subscribers prepare for What’s Next in the increasingly turbulent times ahead."
Gregory Mannarino, PM 7/15/21: "Situation Critical: More Proof That The US Economy Is Collapsing, Faster"
Gregory Mannarino, PM 7/15/21:
"Situation Critical: More Proof That
The US Economy Is Collapsing, Faster"
"O You..."
"Life passes like a flash of lightning, whose blaze barely lasts long enough to see. While the earth and sky stand still forever, how swiftly changing time flies across mans face. O you who sit over your full cup and do not drink, tell me, for whom are you still waiting?"
- Hermann Hesse
"The Approaching Storm"
"The Approaching Storm"
by CJ Hopkins
"So, it looks like GloboCap isn’t going to be happy until they have fomented the widespread social unrest - or de facto global civil war - that they need as a pretext to lock in the new pathologized totalitarianism and remake whatever remains of society into a global pseudo-medicalized police state, or that appears to where we’re headed currently. We appear to be heading there at breakneck speed.
I don’t have a crystal ball or anything, but I’m expecting things to get rather ugly this Autumn, and probably even uglier in the foreseeable future. Yes, friends, a storm is coming. It has been coming for the last 16 months. And GloboCap is steering right into it.
I, and many others like me, have been tracking its relentless advance like a self-appointed International Pathologized-Totalitarian Hurricane Center (you know, like the one in Miami, except all the meteorologists are “conspiracy theorists”). We have documented all the propaganda, the lies, the manipulation of statistics, the abrogation of constitutional rights, the New Normal goon squads, the corporate censorship, and all the rest of the roll-out of the new official ideology and the totalitarian measures deployed to enforce it.
Our efforts have not been in vain, but they have not been successful enough to change the course events are now taking … a course of events that has always been clear, a course that every totalitarian movement needs to take to get where it’s going. You can’t remake entire societies into quasi-totalitarian systems without civil unrest, chaos, rioting, war, or some other form of cataclysm.
Brainwashing the masses is all fine and good, but, at some point, you need to goad the people who are resisting your new totalitarian “reality” into getting unruly, so you can crack down on them, and transform them into official enemies, which appears to be what is happening currently. GloboCap is dialing up the totalitarianism, and they are rubbing it in our faces.
Here in New Normal Germany, prominent health officials are openly barking out Goebbelsian slogans like “NO FREEDOM FOR THE UNVACCINATED!” and “THE UNVACCINATED ARE A DANGER TO SOCIETY!”
All over Europe, including the UK, where “Freedom Day” is fast approaching, pseudo-medical social-segregation systems are being implemented. In France, Greece, and many other countries, people who refuse to be “vaccinated” are being stripped of their jobs and otherwise punished. In the USA, where the Unvaccinated are also being segregated, New Normal goon squads are going door-to-door, bullying “vaccine hesitant” families into conforming to the new official ideology.
And so on … I’m tired of citing the facts. They do not make the slightest difference to the vast majority of New Normals, anyway. As I’ve noted in several previous columns, these people have surrendered their rationality, and have been subsumed into a totalitarian movement, which has become their perceptual and social “reality,” which their “sanity” now depends upon defending, so the facts mean absolutely nothing to them.
And you already know the facts. Yes, you. Us. The others. The Unvaccinated. The “Covid deniers.” You don’t really think any hardcore New Normals have made it this far into this column, do you? They haven’t. If they stumbled into it on the Internet and accidentally started to read it, their brains switched off in the opening paragraph…literally, neurologically, switched off.
They recognized it as a threat to their “reality” and instantly erased it from their consciousness, or they reported it to the proper authorities, perhaps the FBI, the Bundesnachrichtendienst, or Facebook, or some other global corporation.
This is what it has come to, folks… people are reporting other people’s “thoughtcrimes” to global corporations and the law enforcement agencies of “democratic” governments in the hopes of destroying or damaging their lives, or, at the very least, getting them censored, or otherwise erased from public view.
As I noted in my previous column, our societies have been torn apart. We’re living in two mutually hostile “realities,” a state which cannot continue indefinitely. The problem for us (i.e., the Unvaccinated) is, we probably constitute somewhere around 20 to 25 percent of the population, so we are massively outnumbered by New Normals. The problem for the New Normals is, we probably constitute somewhere around 20 to 25 percent of the population, which is way too many people to imprison or otherwise remove from society. Thus, their plan is to make our lives as miserable as possible, to segregate us, stigmatize us, demonize us, bully, and harrass us, and pressure us to conform at every turn.
They are not going to put us on the trains to the camps. GloboCap is not the Nazis. They need to maintain the simulation of democracy. So, they need to transform us into an underclass of “anti-social conspiracy theorists,” “anti-vaxxer disinformationists,” “white-supremacist election-result deniers,” “potentially violent domestic extremists,” and whatever other epithets they come up with, so that we can be painted as dangerously unhinged freaks and cast out of society in a way that makes it appear that we have cast out ourselves.
This process is already well underway, and it’s only going to get more intense, which will inevitably lead to social unrest. The hardcore “Unvaccinated” are not going to go quietly. Again, this isn’t Nazi Germany. There are too many of us who are already resisting. They can segregate us, ban us from travelling, blackout our protests, censor us, deplatform us, cancel our bank accounts, and otherwise harass us, but they cannot forcibly disappear us.
So, they are going to keep goading us until we lose it. We have demonstrated incredible discipline so far, but eventually, we’re going to run out patience. It’s going to get messy. People will get hurt. Which, of course, is exactly what GloboCap wants. Nothing will make them happier than if we turn ourselves into the “violent extremists” they have been conjuring into existence for the last five years. They desperately need us to become those “extremists” before we “embolden” too many others with our “disinformation,” “vaccine hesitancy,” “election result denial,” and general distaste for the whole global-capitalist ideological program. Unfortunately, they are probably going to get their wish.
What we need is an organized, global campaign of classic, non-violent civil disobedience, but they are not going to give us time to organize that. They are going to keep the pressure on, and crank up the pace, and the official propaganda, and the absurdity, and the confusion, and the ever-changing rules, and the mass hysteria, and the blatant lies, until we start flipping out in restaurants, and in pubs, and schools, and on public transportation, and segregated New Normal establishments start getting nocturnally vandalized, or worse, and other forms of “direct action” are taken.
At which point, game over, because they will have won. We will be the “extremists” they warned themselves about, and they’ll be able to do whatever they want with us, and our former (now New Normal) friends will applaud, or just look away in silence.
Or…I don’t know, maybe I’m wrong. Maybe some New Normals are still reading this essay, and can still, at this late stage, regain their senses. Maybe we can still avoid the storm, and the full implementation of “New Normal Reality.” I know, I’m probably a hopeless idealist, but let me tell you a quick anecdote before I let you go.
I’ve been kind of nudging, or politely badgering, Glenn Greenwald, who I respect, and have always respected, to grow a pair and at least speak out against the totalitarian features of the New Normal movement. Glenn is totally on board with the official Covid narrative, and has made it clear that he has no interest in using his investigative-journalism skills to investigate that official narrative. Despite that, I have continued to nudge him, and politely prod him, and otherwise urge him, to maybe post a few critical words, or raise a few investigative-journalist questions, about the most flagrant official propaganda campaign in the history of official propaganda campaigns and the blatantly totalitarian actions of governments all over the world.
For example, I posted this on Twitter recently. "15 months into the New Normal, as government officials openly bark out spittle-flecked, Goebbelsian slogans like “THERE IS NO FREEDOM FOR THE UNVACCINATED!” and “THE UNVACCINATED ARE A DANGER TO SOCIETY!”, the silence from certain quarters is deafening. pic.twitter.com/bNuZ5np1Ny"
- Consent Factory (@consent_factory) July 12, 2021
Shortly thereafter - and I’m sure this was just a coincidence, because Glenn doesn’t follow the Consent Factory - he tweeted this bit of New Normal blasphemy: "The UK is one of the most vaccinated countries on earth. 70% have at least one dose. More than half have both. The CDC says vaccinated people need not wear masks. Why do experts who keep insisting the vaccine works demand people act as if it doesn’t? Why ignore CDC advice? https://t.co/aBjeXpWZjh"
- Glenn Greenwald (@ggreenwald) July 12, 2021
So, apparently, it is, in fact, still possible for people who believe the official Covid narrative as if it were the Word of God to speak out against some aspect of it, or just politely question the logic of it, or otherwise stop behaving like a bunch of mindlessly obedient “Good Germans” as a new iteration of totalitarianism is rolled out right in front of their eyes. Yes, I know. I’m clutching at straws, but I have this crazy faith in people. On top of which, I’m getting old, so I am not looking forward to the street-fighting part of this as much as I would have 30 or 40 years ago.
Oh, and, I almost forgot, to all my friends in the New Normal UK… have a lovely Freedom Day!"
"Après Uber-Loose Monetary Policies"
"Après Uber-Loose Monetary Policies"
by Bill Bonner
YOUGHAL, IRELAND – "As we saw yesterday, inflation has not gotten on the bus yet. At a 5.4% annual running rate, consumer prices are now rising about as fast as they did in the mid-1970s. Producer prices are rising at an even faster pace – 7.3% year-on-year. Here’s Federal Reserve Chairman Jerome Powell, speaking to the House Financial Services Committee yesterday: "Right now of course inflation is not moderately above 2%, it is well above 2%. It’s nothing like 'moderately.'”
What’s ahead, reporters wanted to know? Here’s Powell again... "It will depend on the path of the economy, it really will. It’s just a perfect storm of high demand and low supply. And it should pass. Unless we think there’s going to be a multi-year shortage of used cars in the United States, we should look at [high inflation] as temporary."
Used cars… used tractors (as we saw yesterday)… and used houses are all rising in price. New cars are scarce on dealer lots; used cars are especially in demand, trading for 10.5% more in June than the previous month.
Catch-22: But Powell did not mention where all that demand comes from… or why it might not go away anytime soon. Say’s Law – named after French economist Jean-Baptiste Say – tells us that real demand comes from real people who produce real goods and services. They sell their output for money, which they can then use to buy other peoples’ goods and services. This demand does not increase prices, because it only arises as the quantity of goods and services available also rises.
Powell must know that his money-printing creates a whole different kind of demand – one that brings forth no corresponding goods or services… and thereby, causes prices to rise. He has created a bubble economy, in other words – inflated by fake money. He knows, too, that the Fed has put itself in the Inflate and Die trap. It has to keep the fake money flowing… or the fake boom will collapse. But if it keeps the money flowing, consumer prices will continue to rise… and Powell may be forced (at least, according to the mainstream narrative) to restrain them.
No Escape: Which leaves inquiring minds with a giant question mark. This from Mohamed El-Erian, writing in the Financial Times: "What is clear to me is that we are moving irresistibly closer to a critical question for the economy and markets, and not just in the US: is there still the possibility of an orderly exit from what has been a remarkably long period of uber-loose monetary policies?"
You already know the answer to that, don’t you, Dear Reader? The elite control the government. The government controls the money. The whole economy – notably the wealth, power, and status of the elite themselves – now depends on more and more money-printing. Ergo, there will be no exit – orderly or otherwise – from the Fed’s uber-loose monetary policies.
But staying the course will not be orderly, either. Bubbles blow up and burst… in a disorderly way. And then, central bankers… presidents… members of Congress… economists… investors… and columnists panic, causing more disorder and chaos.
Subsidized Gambling: But let us look at what Powell et al. have wrought. Then, we will see what an exit from their uber-loose policies would mean. Currently, house buyers can get a mortgage at a negative real interest rate. A cursory Google search turns up rates under 4%, while consumer prices rise at least 100 basis points faster. At these interest rates, it is no wonder house prices are going up so fast.
Wall Street speculators are also able to get super-cheap money. They can now borrow money at zero real cost. In an honest economy, speculators have to pay to play. Interest rates serve as a kind of ticket price for gamblers entering the casino. But today, the doors are wide open. The “cost of carry” – the charge speculators pay to gamble with someone else’s money – is less than zero. In other words, it is as if they were being paid to make reckless bets.
Major Shock: Getting back to normal would be a major shock to the marketplace. Let’s see, if the “cost of carry” suddenly went up to 5%... or 8%... the rank speculation would quickly come to an end. Investors would toss aside the riskiest stocks as if they were used face masks. Zombie businesses, that can only pay the interest on their debt by borrowing more, would collapse. Asset prices, generally, would drop, and probably come to rest at only half of today’s levels.
Mortgage rates are usually 2.5% to 3% above inflation. Today’s rates would have to double to get there. What would that do to house prices? As for the Fed’s key funds rate – now at 0.25% – it would have to go up by more than 500 basis points, just to pull even with consumer price increases. Jobs lost, businesses failed, households bankrupted, investments wiped out – welcome to the end of the uber-loose monetary policies.
Inflate and Die Trap: And here, we see clearly how the Inflate and Die trap works: The higher inflation rates go, the bigger the shock to the economy needed to bring them under control. And this shock wouldn’t be limited to home buyers and stockholders. The biggest borrower in the world is the federal government. And the biggest lender in the world is the Fed.
Thanks to Fed buying, a 10-year Treasury note – the building block of all federal debt – now trades at a yield of about 1.4%. At last month’s CPI reading (5.4% year-on-year), that yield is negative by 400 basis points (4%). “The trouble with trouble is that it starts as fun,” a dear reader reminded us. And if bond buyers demanded a real return (above inflation)… the interest charged on new bond issues would quadruple. The fun would be over.
All of a sudden, more stimulus would be out of the question. The big, new “infrastructure bill” (at $3.5 trillion), too. And those unemployment “toppers,” that pay people more for not working than they earned on the job? History! Exiting in an orderly way? Nah… Prepare for le deluge."
"Life In Texas; Cryptos Plunge; Get A Side Hustle Now"
Full screen recommended.
Jeremiah Babe, AM 7/15/21:
"Life In Texas; Cryptos Plunge; Get A Side Hustle Now"
The End of the Nation-State"
"The End of the Nation-State"
by Doug Casey
"There have been a fair number of references to the subject of "phyles" in this publication over the years. This essay will discuss the topic in detail. Especially how phyles are likely to replace the nation-state, one of mankind’s worst inventions. Now might be a good time to discuss the subject. We’ll have an almost unremitting stream of bad news, on multiple fronts, for years to come. So it might be good to keep a hopeful prospect in mind.
Let’s start by looking at where we’ve been. I trust you’ll excuse my skating over all of human political history in a few paragraphs, but my object is to provide a framework for where we’re going, rather than an anthropological monograph. Mankind has, so far, gone through three main stages of political organization since Day One, say 200,000 years ago, when anatomically modern men started appearing. We can call them Tribes, Kingdoms, and Nation-States.
Karl Marx had a lot of things wrong, especially his moral philosophy. But one of the acute observations he made was that the means of production are perhaps the most important determinant of how a society is structured. Based on that, so far in history, only two really important things have happened: the Agricultural Revolution and the Industrial Revolution. Everything else is just a footnote. Let’s see how these things relate.
The Agricultural Revolution and the End of Tribes: In prehistoric times, the largest political/economic group was the tribe. In that man is a social creature, it was natural enough to be loyal to the tribe. It made sense. Almost everyone in the tribe was genetically related, and the group was essential for mutual survival in the wilderness. That made them the totality of people that counted in a person’s life - except for "others" from alien tribes, who were in competition for scarce resources and might want to kill you for good measure.
Tribes tend to be natural meritocracies, with the smartest and the strongest assuming leadership. But they’re also natural democracies, small enough that everyone can have a say on important issues. Tribes are small enough that everybody knows everyone else, and knows what their weak and strong points are. Everyone falls into a niche of marginal advantage, doing what they do best, simply because that’s necessary to survive. Bad actors are ostracized or fail to wake up, in a pool of their own blood, some morning. Tribes are socially constraining but, considering the many faults of human nature, a natural and useful form of organization in a society with primitive technology.
As people built their pool of capital and technology over many generations, however, populations grew. At the end of the last Ice Age, around 12,000 years ago, all over the world, there was a population explosion. People started living in towns and relying on agriculture as opposed to hunting and gathering. Large groups of people living together formed hierarchies, with a king of some description on top of the heap.
Those who adapted to the new agricultural technology and the new political structure accumulated the excess resources necessary for waging extended warfare against tribes still living at a subsistence level. The more evolved societies had the numbers and the weapons to completely triumph over the laggards. If you wanted to stay tribal, you’d better live in the middle of nowhere, someplace devoid of the resources others might want. Otherwise it was a sure thing that a nearby kingdom would enslave you and steal your property.
The Industrial Revolution and the End of Kingdoms: From around 12,000 B.C. to roughly the mid-1600s, the world’s cultures were organized under strong men, ranging from petty lords to kings, pharaohs, or emperors. It’s odd, to me at least, how much the human animal seems to like the idea of monarchy. It’s mythologized, especially in a medieval context, as a system with noble kings, fair princesses, and brave knights riding out of castles on a hill to right injustices. As my friend Rick Maybury likes to point out, quite accurately, the reality differs quite a bit from the myth. The king is rarely more than a successful thug, a Tony Soprano at best, or perhaps a little Stalin. The princess was an unbathed hag in a chastity belt, the knight a hired killer, and the shining castle on the hill the headquarters of a concentration camp, with plenty of dungeons for the politically incorrect.
With kingdoms, loyalties weren’t so much to the "country" - a nebulous and arbitrary concept - but to the ruler. You were the subject of a king, first and foremost. Your linguistic, ethnic, religious, and other affiliations were secondary. It’s strange how, when people think of the kingdom period of history, they think only in terms of what the ruling classes did and had. Even though, if you were born then, the chances were 98% you’d be a simple peasant who owned nothing, knew nothing beyond what his betters told him, and sent most of his surplus production to his rulers. But, again, the gradual accumulation of capital and knowledge made the next step possible: the Industrial Revolution.
The Industrial Revolution and the End of the Nation-State: As the means of production changed, with the substitution of machines for muscle, the amount of wealth took a huge leap forward. The average man still might not have had much, but the possibility to do something other than beat the earth with a stick for his whole life opened up, largely as a result of the Renaissance.
Then the game changed totally with the American and French Revolutions. People no longer felt they were owned by some ruler; instead they now gave their loyalty to a new institution, the nation-state. Some innate atavism, probably dating back to before humans branched from the chimpanzees about 3 million years ago, seems to dictate the Naked Ape to give his loyalty to something bigger than himself. Which has delivered us to today’s prevailing norm, the nation-state, a group of people who tend to share language, religion, and ethnicity. The idea of the nation-state is especially effective when it’s organized as a "democracy," where the average person is given the illusion he has some measure of control over where the leviathan is headed.
On the plus side, by the end of the 18th century, the Industrial Revolution had provided the common man with the personal freedom, as well as the capital and technology, to improve things at a rapidly accelerating pace. What caused the sea change?
I’ll speculate it was largely due to an intellectual factor, the invention of the printing press; and a physical factor, the widespread use of gunpowder. The printing press destroyed the monopoly the elites had on knowledge; the average man could now see that they were no smarter or "better" than he was. If he was going to fight them (conflict is, after all, what politics is all about), it didn’t have to be just because he was told to, but because he was motivated by an idea. And now, with gunpowder, he was on an equal footing with the ruler’s knights and professional soldiers.
Right now I believe we’re at the cusp of another change, at least as important as the ones that took place around 12,000 years ago and several hundred years ago. Even though things are starting to look truly grim for the individual, with collapsing economic structures and increasingly virulent governments, I suspect help is on the way from historical evolution. Just as the agricultural revolution put an end to tribalism and the industrial revolution killed the kingdom, I think we’re heading for another multipronged revolution that’s going to make the nation-state an anachronism. It won’t happen next month, or next year. But I’ll bet the pattern will start becoming clear within the lifetime of many now reading this.
What pattern am I talking about? Once again, a reference to the evil genius Karl Marx, with his concept of the "withering away of the State." By the end of this century, I suspect the US and most other nation-states will have, for all practical purposes, ceased to exist.
The Problem with the State - And Your Nation-State: Of course, while I suspect that many of you are sympathetic to that sentiment, you also think the concept is too far out, and that I’m guilty of wishful thinking. People believe the state is necessary and - generally - good. They never even question whether the institution is permanent.
My view is that the institution of the state itself is a bad thing. It’s not a question of getting the right people into the government; the institution itself is hopelessly flawed and necessarily corrupts the people that compose it, as well as the people it rules. This statement invariably shocks people, who believe that government is both a necessary and permanent part of the cosmic firmament.
The problem is that government is based on coercion, and it is, at a minimum, suboptimal to base a social structure on institutionalized coercion. Let me urge you to read the Tannehills’ superb The Market for Liberty, which is available for free, download here.
One of the huge changes brought by the printing press and advanced exponentially by the Internet is that people are able to readily pursue different interests and points of view. As a result, they have less and less in common: living within the same political borders is no longer enough to make them countrymen. That’s a big change from pre-agricultural times when members of the same tribe had quite a bit - almost everything - in common. But this has been increasingly diluted in the times of the kingdom and the nation-state. If you’re honest, you may find you have very little in common with most of your countrymen besides superficialities and trivialities.
Ponder that point for a minute. What do you have in common with your fellow countrymen? A mode of living, (perhaps) a common language, possibly some shared experiences and myths, and a common ruler. But very little of any real meaning or importance. To start with, they’re more likely to be an active danger to you than the citizens of a presumed "enemy" country, say, like Iran. If you earn a good living, certainly if you own a business and have assets, your fellow Americans are the ones who actually present the clear and present danger. The average American (about 50% of them now) pays no income tax. Even if he’s not actually a direct or indirect employee of the government, he’s a net recipient of its largesse, which is to say your wealth, through Social Security and other welfare programs.
Over the years, I’ve found I have much more in common with people of my own social or economic station or occupation in France, Argentina, or Hong Kong, than with an American union worker in Detroit or a resident of the LA barrios. I suspect many of you would agree with that observation. What’s actually important in relationships is shared values, principles, interests, and philosophy. Geographical proximity, and a common nationality, is meaningless - no more than an accident of birth. I have much more loyalty to a friend in the Congo - although we’re different colors, have different cultures, different native languages, and different life experiences - than I do to the Americans who live down the highway in the trailer park. I see the world the same way my Congolese friend does; he’s an asset to my life. I’m necessarily at odds with many of "my fellow Americans"; they’re an active and growing liability.
Some might read this and find a disturbing lack of loyalty to the state. It sounds seditious. Professional jingoists like Rush Limbaugh, Sean Hannity, Bill O’Reilly, or almost anyone around the Washington Beltway go white with rage when they hear talk like this. The fact is that loyalty to a state, just because you happen to have been born in its bailiwick, is simply stupid.
As far as I can tell, there are only two federal crimes specified in the US Constitution: counterfeiting and treason. That’s a far cry from today’s world, where almost every real and imagined crime has been federalized, underscoring that the whole document is a meaningless dead letter, little more than a historical artifact. Even so, that also confirms that the Constitution was quite imperfect, even in its original form. Counterfeiting is simple fraud. Why should it be singled out especially as a crime? (Okay, that opens up a whole new can of worms… but not one I’ll go into here.) Treason is usually defined as an attempt to overthrow a government or withdraw loyalty from a sovereign. A rather odd proviso to have when the framers of the Constitution had done just that only a few years before, one would think.
The way I see it, Thomas Paine had it right when he said: "My country is wherever liberty lives." But where does liberty live today? Actually, it no longer has a home. It’s become a true refugee since America, which was an excellent idea that grew roots in a country of that name, degenerated into the United States. Which is just another unfortunate nation-state. And it’s on the slippery slope."
Wednesday, July 14, 2021
"The US Dollar Purchasing Power Falls to 30 Year Low"
Full screen recommended.
Dan, IAllegedly, PM 7/14/21:
"The US Dollar Purchasing Power Falls to 30 Year Low"
"The Dollar falls to a 30 year low as far as its purchasing power goes. This is catastrophic for people on fixed incomes or people that are trying to get ahead with the impending hyper inflation."
"This Is The Worst Inflation Since The 1970s & The Stage Is Set For The Total Collapse Of US Economy"
Full screen recommended.
"This Is The Worst Inflation Since The 1970s &
The Stage Is Set For The Total Collapse Of US Economy"
by Epic Economist
Have you already started feeling the impacts of living in a country with double-digit inflation? Just yesterday, the Bureau of Labor Statistics released an update indicating that the consumer price index had soared to 5.4 percent over the past year, and such a high rate alarmed a lot of people. However, those people will be shocked to find out that the way inflation is calculated has been changed dozens of times over the past several decades, and if the rate was still calculated the way it was back in 1990, the official inflation rate would currently be about 9 percent.
Over the past 12 months, home prices have risen a staggering 20 percent, but the housing component of inflation into the consumer price index is simply meaningless. Even though the latest report does admit that we just registered the biggest annual increase in consumer prices in 13 years if you were looking for the recent increase in home prices to show up in that number, you're going to be very disappointed because the "shelter" component of inflation measured by the index has remained steady, marking around 2% to 3.5% over the past decade.
Needless to say, many analysts and economists have a problem with that. According to Jiro Yoshida, a business professor at Penn State University, it doesn't matter how much home prices go up, the overall rate of housing inflation is "always around 2.5% regardless of economic conditions”. In the ideal world that the Bureau of Labor Statistics is trying to portray, it would be just wonderful if our housing costs would only account for 3.5 percent of our overall budget each month, but in the real world, that figure is completely inaccurate. For the vast majority of American workers, housing is the single biggest expense that they have to face on a regular basis. If we added that large increase in home prices into the overall CPI, inflation would have been nearly half a percentage point higher. And if we added the latest increase in rent prices, we would have an 8.4% annualized inflation, which is significantly above the 2.5% CPI rent. That's not a small difference.
Everyone can see that inflation levels are simply off the charts right now. Another major example of it is car prices, which have been rising at a very alarming pace. According to JD Power, the average new car price hit a record of $38,255 in May, shooting up by 12 percent in a year. To make things worse, several industries are experiencing a shortage of components and goods, ranging from semiconductors to food staples, while consumer demand never ceased to grow. Since the health crisis exploded in America, our politicians and policymakers have started to pump trillions upon trillions of freshly printed dollars into the financial system thinking there wouldn't be serious consequences. Unfortunately for all of us, they were absolutely wrong.
A former IMF economist and a senior fellow with the American Enterprise Institute, Desmond Lachman, recently told Breitbart News that the United States is beginning to resemble a Latin American country given its out of control inflation, high government spending, and continual printing of money. “The U.S. is in a very bad position from a long-term point of view. I don’t see how this can end well when we’re currently running budget deficits something like 15 percent of GDP,” Lachman said. “This is beginning to look a little bit like a Latin American country.”
The truth is that we're headed to the greatest debt crisis in the history of the world, and at such a critical moment, the U.S. government has decided to destroy the value of the reserve currency of the planet in the name of unnecessary spending for unnecessary projects. During the 1970s and early 1980s, inflation was so wildly out of control at an annual rate of 14.8 percent that the Federal Reserve had to raise the country's key interest rate sharply. But if that happens right now, we will experience the worst economic and financial crisis ever. What they are doing to us is essentially setting the stage for the total collapse of the U.S. economy, and the economic pain that is coming will ravage the life of every single man, woman, and child in the entire country."
"A Look to the Heavens"
"What will become of our Sun? The first hint of our Sun's future was discovered inadvertently in 1764. At that time, Charles Messier was compiling a list of diffuse objects not to be confused with comets. The 27th object on Messier's list, now known as M27 or the Dumbbell Nebula, is a planetary nebula, one of the brightest planetary nebulae on the sky - and visible toward the constellation of the Fox (Vulpecula) with binoculars.
It takes light about 1000 years to reach us from M27, featured here in colors emitted by hydrogen and oxygen. We now know that in about 6 billion years, our Sun will shed its outer gases into a planetary nebula like M27, while its remaining center will become an X-ray hot white dwarf star. Understanding the physics and significance of M27 was well beyond 18th century science, though. Even today, many things remain mysterious about planetary nebulas, including how their intricate shapes are created."
“Societal Collapse”
“Societal Collapse”
by Hardscrabble Farmer
“Anyone interested in understanding the mechanics of human history must first and foremost understand the cycles of Nature and the nature of living things. There exists a balance in every closed system; creation and dissolution, growth and decay, life and death. There is no escape from this dynamic, no means by which one can exist without the other. Sometimes societies ascend, but eventually, over time, they collapse.
For a very long time America has benefited from exploiting the reserves of other nations – their labor, their resources, and their environments in a form of cultural strip mining. It has given the appearance of a sustainable system that required no effort to store surpluses or to build reserves for the future. There has been a perpetual live for the moment feel to our experience that was based on such illusory systems as credit and fiat.
These things are not real. They are manifest realities, things that exist only because a critical mass of people agree to believe in them rather than what is reflected by actuality. When such time occurs that a large enough number of people abandon their participation in that system, reality rushes in to the void left behind.
A large part of what we are seeing – as described to us by experts or media – is occult in nature, hidden not by design or subterfuge, but due to the ignorance or stupidity of the mass of men. They no longer recognize that a large part of what is taking place on the streets of cities like Portland and Minneapolis is simply a mating ritual for a generation that was so atomized and dissolute that they had no opportunity to make real life connections with the opposite sex except through electronic devices. Living beings cannot- despite the assurances of the Musks and Weils- exist by proxy.
They must eat, sleep, perform some activity during their waking hours, seek companionship, etc. These drives can be sublimated or suppressed either by societal controls or chemical dependencies, but they cannot be removed from our core drive. This is what happens when humans are thwarted from fulfilling their animal destinies – the drives of their particular species. If you eliminate the family, you do not stop fornication. If you eradicate healthy foods and a connection to its production, you do not eliminate hunger. Thus the dramatic rise in obesity and the ubiquity of pornography.
Everything exists in context, there is no way to eliminate the void left behind in a fatherless home without a corresponding flow of the feminine. A mind that has no reason will seek to replace it with an equal measure of emotion.
The Western Cultural experience that gained prominence and near global hegemony over the past several centuries is in terminal decline, accelerated by the opportunistic interference of competing cultural spheres, but predominantly by its own senescence. We are, in short, spent. What we are seeing is not a political or ideological struggle – again, manifest realities – but the natural process of a cultural expiration. The West is dying and with it all of the ideals and symbols that were attached to its rise.
Just as an elderly family member in their last days makes a point to give away their possessions, America is passing its treasures on; freedom of speech, the iconic symbols of Manifest Destiny like the statues of its heroes, even its own birthright to the rising of a new cultural expression, one that is less concerned with things like honor, nobility, truth and justice. None of those things exist in Nature, but rather are created and used like iron tools to achieve an end. Now that its energy is spent they serve no purpose, especially to the multitudes of others who share a far more dynamic and exuberant expression of collective identity.
This is a natural event, no different from a forest fire, but one which applies to the human species specifically. This is how we clear the ground for whatever is to replace us and we will serve as its fertilizer.”
“Regret..."
“Regret for the things we did can be tempered by time;
it is regret for the things we did not do that is inconsolable.”
- Sydney J. Harris
Gregory Mannarino, PM 7/14/21: "US Dollar Purchasing Power Craters To 40 Year Low! Debts And Deficits Explode Higher"
Gregory Mannarino, PM 7/14/21:
"US Dollar Purchasing Power Craters To 40 Year Low!
Debts And Deficits Explode Higher"
“Living In Moms Basement; Consumer Prices Soar; Fixed Income Destruction; Low Paying Jobs”
Full screen recommended.
Jeremiah Babe, PM 7/14/21:
“Living In Moms Basement; Consumer Prices Soar;
Fixed Income Destruction; Low Paying Jobs”
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