Jeremiah Babe, PM 1/15/22:
"I'm Leaving California, It's Mad Max;
You Better Worry About You; Supermarkets Run Empty"
So, we rise from the rubble...
Saturday, January 15, 2022
"Economic Tsunami is Coming - Recession Watch"
Full screen recommended.
Dan, iAllegedly, PM 1/15/22:
"Economic Tsunami is Coming - Recession Watch"
"It’s time to prepare for what is coming. Retail sales took a dive. You have had plenty of warnings. One day JP Morgan tells us it's the best economy in 40 years. A couple of days later we are headed to the abyss. We need to raise interest rates 6 or seven times."
Musical Interlude: Gnomusy, "Shadows In The Wood"; "Footprints On The Sea"
Gnomusy (David Caballero), "Shadows In The Wood"
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Gnomusy (David Caballero), "Footprints On The Sea"
"A Look to the Heavens"
“Stars are sometimes born in the midst of chaos. About 3 million years ago in the nearby galaxy M33, a large cloud of gas spawned dense internal knots which gravitationally collapsed to form stars. NGC 604 was so large, however, it could form enough stars to make a globular cluster.
Many young stars from this cloud are visible in the above image from the Hubble Space Telescope, along with what is left of the initial gas cloud. Some stars were so massive they have already evolved and exploded in a supernova. The brightest stars that are left emit light so energetic that they create one of the largest clouds of ionized hydrogen gas known, comparable to the Tarantula Nebula in our Milky Way's close neighbor, the Large Magellanic Cloud."
"In These Downbeat Time..."
“In these downbeat times, we need as much hope and courage as we do vision and analysis; we must accent the best of each other even as we point out the vicious effects of our racial divide and pernicious consequences of our maldistribution of wealth and power. We simply cannot live in the twenty-first century at each other’s throats, even as we acknowledge the weighty forces of racism, patriarchy, economic inequality, homophobia, and ecological abuse on our necks. We are at a crucial crossroad in the history of this nation - and we either hang together by combating these forces that divide and degrade us or we hang separately. Do we have the intelligence, humor, imagination, courage, tolerance, love, respect, and will to meet the challenge? Time will tell. None of us alone can save the nation or world. But each of us can make a positive difference if we commit ourselves to do so.”
- Cornel West
Chet Raymo, “Tyger, Tyger Burning Bright…”
“Tyger, Tyger Burning Bright…”
by Chet Raymo
“Divinity is not playful. The universe was not made in jest but in solemn incomprehensible earnest. By a power that is unfathomably secret, and holy, and fleet.” You may recall these words from Annie Dillard’s “Pilgrim at Tinker Creek.” There is nothing intrinsically cheerful about the world, she says. To live is to die; it’s all part of the bargain. Stars destroy themselves to make the atoms of our bodies. Every creature lives to eat and be eaten. And into this incomprehensible, unfathomable, apparently stochastic melee stumbles… You and I.
With qualities that we have - so far - seen nowhere else. Hope. Humor. A sense of justice. A sense of beauty. Gratitude. But also: Anger. Hurt. Despair. Strangers in a strange land.
Galaxies by the billions turn like St. Catherine Wheels, throwing off sparks of exploding stars. Atoms eddy and flow, blowing hot and cold, groping and promiscuous. A wind of neutrinos gusts through our bodies, Energy billows and swells. A myriad of microorganisms nibble at our flesh.
We have a sense that something purposeful is going on, something that involves us. Something secret, holy and fleet. But we haven’t a clue what it is. We make up stories. Stories in which we are the point of it all. We tell the stories over and over. To our children. To ourselves. And the stories fill up the space of our ignorance.
Until they don’t. And then the great yawning spaces open again. And time clangs down on our heads like a pummeling rain, like the collapsing ceiling of the sky. Dazed, stunned, we stagger like giddy topers towards our own swift dissolution. Inexplicably praising. Admiring. Wondering. Giving thanks.”
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“The Tyger”
“Tyger! Tyger! burning bright
In the forests of the night,
What immortal hand or eye
Could frame thy fearful symmetry?
In what distant deeps or skies
Burnt the fire of thine eyes?
On what wings dare he aspire?
What the hand dare sieze the fire?
And what shoulder, and what art.
Could twist the sinews of thy heart?
And when thy heart began to beat,
What dread hand? and what dread feet?
What the hammer? what the chain?
In what furnace was thy brain?
What the anvil? what dread grasp
Dare its deadly terrors clasp?
When the stars threw down their spears,
And watered heaven with their tears,
Did he smile his work to see?
Did he who made the Lamb make thee?
Tyger! Tyger! burning bright
In the forests of the night,
What immortal hand or eye
Dare frame thy fearful symmetry?”
- William Blake
The Poet: Rainer Maria Rilke, "I Want A Lot"
"I Want A Lot"
"You see, I want a lot.
Perhaps I want everything:
the darkness that comes with every infinite fall
and the shivering blaze of every step up.
So many live on and want nothing,
and are raised to the rank of prince
by the slippery ease of their light judgments.
But what you love to see are faces
that so work and feel thirst...
You have not grown old, and it is not too late
to dive into your increasing depths
where life calmly gives out its own secret."
- Rainer Maria Rilke
"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.
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1/15/22: "Streets of Philadelphia, Kensington Ave, Winter Time"
Full screen recommended.
1/15/22:
"Streets of Philadelphia, Kensington Ave, Winter Time"
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Full screen recommended.
Bruce Springsteen, "Streets of Philadelphia"
"From Riches to Rags"
"From Riches to Rags"
by Joel Bowman
Buenos Aires, Argentina - "Any run-of-the-mill politician can ruin an economy. It’s practically written into their job description... Divide the public over trivial issues... (check!) Distract them from what’s really going on... (check!) Lure them into a state of fear and/or helplessness... (check!) Pretend to offer the only solution to problems you actually created... (check!) Accrue power and wealth to your own elite, self-serving cabal... (double, quadruple, sextuple check!)
And let’s give credit where credit is due; most politicians and career bureaucrats are pretty adept at cruising through the above checklist. Take a look around... As Bill reminded us this week, the rich have racked up $30 trillion in stock market gains since 2009, due in no small part to the funny money flowing directly from their pals over at the Fed. That money goes first to Wall Street (and the insiders who trade from their positions on Federal boards).
Meanwhile, the average working stiff - thanks to the best efforts of his elected leaders - has gone precisely nowhere. His wages are flat as a millpond, even as inflation eats steadily away at his modest savings. (The Consumer Price Index soared another 0.5% in December, putting yearly inflation at 7%, the highest in nearly four decades. It also marked the seventh straight month that the Biden Administration’s “transitory” inflation has crested 5%... a phenomenon that sent us back to our trusty Funk & Wagnalls to see if we remembered correctly the definition of the word.)
Distracted by anti-racist baby books, body positivity billboards and case numbers of the highly mild Omicron variant, our lumpenproletariat has enough to worry about just making ends meet. He has a job to hold down, errands to run and a wife to disappoint. If his politicians didn’t rob him blind while his attention was elsewhere occupied, they simply wouldn’t be doing their job.
That being said, it takes a special kind of collectivist idiocy to ruin an economy as rich as, say, Australia’s. Two weeks and ~650 days into “two weeks to stop the spread,” and Australia is in the midst of a self-induced mass psychosis. While nations the rest of the world over were dealing with the first “waves” of COVID in their own curious and bumbling ways, the Land Down Under spent the first 20 months gleefully surrendering every civil liberty it could find worthy of the description.
Businesses were shuttered (the city of Melbourne, Australia’s second-largest, at one time held the unenviable record for “most locked down city on the planet”), families were separated (your antipodean editor hasn’t seen his own kin since before the dreaded plague) and borders where slammed closed (Australians cannot travel freely between their own state borders, even today).
All in all, untold billions were squandered chasing so-called “double donut days” (Australia pursued a bizarre “Zero COVID” strategy for months, going so far as to jail people for breaking self-quarantine orders. Once a penal colony...) Night after night, breathless health bureaucrats would appear on television, reporting on single-digit cases in states the size of Texas, scaring citizens witless.
Needless to say, the petrified and browbeaten populace was hardly ready for what came next.
How to go from Donuts to 150,000 in under a month...
Click image for larger size.
“Just two weeks to stop the spread, mate!” (Source: Worldometers)
The picture above represents the fastest case rate increase anywhere in the developed world... and in the most recently jabbed, double-jabbed and freshly boosted nation on the planet. And yet, precious workers who remain “stubbornly vaccine hesitant” are forbidden from going to work... and school... and parks... and concerts... and public spaces... and hospitals... and - gulp! - even the pub! (See Western Australian Premier’s unlettered ramble here for some idea of the paternal state of affairs in that hermit state.)
Meanwhile, the nation’s extreme and Orwellian contact tracing system, coupled with mandatory quarantine for anyone testing COVID positive (and, until recently, anyone who was even in the same “exposure site” as someone who tested positive), means huge swaths of the nation’s workforce have been benched... just as cases hit record numbers in all states.
Without truck drivers to freight goods... without store and warehouse workers to stack them... without cashiers, clerks, attendants... supply chains begin breaking down very quickly. Even in a country with more head of cattle (28 million) and more head of sheep (68 million) than people (26 million), things can go from bad to worse rapidly.
A dear friend sent this photo from her local grocery store in Brisbane, Queensland. (Fortunately for her, she’s a vegetarian...)
(Photo: So much for the great Australian Barbecue!)
As regular readers of these pages will know, we’ve been monitoring Australia as a kind of “Canary in the COVID Coal Mine” since all this began, warning of what can go wrong when complex economies (even rich ones) cede power to the Central Planner Class.
Amplifying natural disasters with man-made catastrophes is nothing new, of course. Nor is such a phenomenon restricted to “lucky countries.” As Bill and Dan have noted this past week, complex energy markets are breaking down all around the world. From Germany to Kazakhstan to America’s northeast, flatfooted governments and helpless citizens are witnessing the beginning of what we’ve quietly been calling the Winter Catastrophe of 2022."
"It Shouldn't Be A Bragging Point..."
"This country is like a college chick after two Long Island iced teas: We can be talked into anything, like wars, and we can be talked out of anything, like health care. We should forget the town halls, and replace them with study halls.
Listen to some of these stats: A majority of Americans cannot name a single branch of government, or explain what the Bill of Rights is. Twenty-four percent could not name the country America fought in the Revolutionary War. More than two-thirds of Americans don't know what's in Roe v. Wade. Two-thirds don't know what the Food and Drug Administration does. Some of this stuff you should be able to pick up simply by being alive.
Not here. Nearly half of Americans don't know that states have two senators, and more than half can't name their congressman. And among Republican governors, only three got their wife's name right on the first try. People bitch and moan about taxes and spending, but they have no idea what their government spends money on. The average voter thinks foreign aid consumes more twenty-four percent of our budget. It's actually less than one percent.
A Gallup poll said eighteen percent of us think the sun revolves around the earth. No, they're not stupid. They're interplanetary mavericks.
And I haven't even brought up religion. But here's one fun fact I'll leave you with: Did you know only about half of Americans are aware that Judaism is an older religion than Christianity? That's right, half of America looks at books called the Old Testament and the New Testament and cannot figure out which came first.
I rest my case.”
- Bill Maher
"Doug Casey on the End of Western Civilization"
"Doug Casey on the End of Western Civilization"
by International Man
"International Man: The decline of Western Civilization is on a lot of people’s minds. Let’s talk about this trend.
Doug Casey: Western Civilization has its origins in ancient Greece. It’s unique among the world’s civilizations in putting the individual - as opposed to the collective - in a central position. It enshrined logic and rational thought - as opposed to mysticism and superstition - as the way to deal with the world. It’s because of this that we have science, technology, great literature and art, capitalism, personal freedom, the concept of progress, and much, much more. In fact, almost everything worth having in the material world is due to Western Civilization.
Ayn Rand once said "East minus West equals zero." I think she went a bit too far, as a rhetorical device, but she was essentially right. When you look at what the world’s other civilizations have brought to the party, at least over the last 2,500 years, it’s trivial.
I lived in the Orient for years. There are many things I love about it - martial arts, yoga, and the cuisine among them. But all the progress they’ve made is due to adopting the fruits of the West.
International Man: There are so many things degrading Western Civilization. Where do we begin?
Doug Casey: It’s been said, correctly, that a civilization always collapses from within. World War 1, in 1914, signaled the start of the long collapse of Western Civilization. Of course, termites were already eating away at the foundations, with the writings of people like Jean-Jacques Rousseau and Karl Marx. It’s been on an accelerating downward path ever since, even though technology and science have been improving at a quantum pace. They are, however, like delayed action flywheels, operating on stored energy and accumulated capital. Without capital, intellectual freedom, and entrepreneurialism, science and technology will slow down. I’m optimistic we’ll make it to Kurzweil’s Singularity, but there are no guarantees.
Things also changed with the creation of the Federal Reserve in 1913. Before that, the US used gold coinage for money. "The dollar" was just a name for 1/20th of an ounce of gold. That is what the dollar was. Paper dollars were just receipts for gold on deposit in the Treasury. The income tax, enacted the same year, threw more sand in the gears of civilization. The world was much freer before the events of 1913 and 1914, which acted to put the State at the center of everything.
The Fed and the income tax are both disastrous and unnecessary things, enemies of the common man in every way. Unfortunately, people have come to believe they’re fixtures in the cosmic firmament. They’re the main reasons - there are many other reasons, though, unfortunately - why the average American’s standard of living has been dropping since the early 1970s. In fact, were it not for these things, and the immense amount of capital destroyed during the numerous wars of the last 100 years, I expect we’d have already colonized the moon and Mars. Among many other things…
But I want to re-emphasize that the science, the technology, and all the wonderful toys we have are not the essence of Western Civilization. They’re consequences of individualism, capitalism, rational thought, and personal freedom. It’s critical not to confuse cause and effect.
International Man: You mentioned that the average American’s standard of living has dropped since the early 1970s. This is directly related to the US government abandoning the dollar’s last link to gold in 1971. Since then, the Federal Reserve has been able to debase the US dollar without limit. I think the dollar’s transformation into a purely fiat currency has eroded the rule of law and morality in the US. It’s similar to what happened in the Roman Empire after it started debasing its currency. What do you think, Doug?
Doug Casey: All the world’s governments and central banks share a common philosophy, which drives these policies. They believe that you create economic activity by stimulating demand, and you stimulate demand by printing money. And, of course, it’s true, in a way. Roughly the same way a counterfeiter can stimulate a local economy.
Unfortunately, they ignore that, and completely ignore that the way a person or a society becomes wealthy is by producing more than they consume and saving the difference. That difference, savings, is how you create capital. Without capital you’re reduced to subsistence, scratching at the earth with a stick. These people think that by inflating - which is to say destroying - the currency, they can create prosperity. But what they’re really doing, is destroying capital: When you destroy the value of the currency, that discourages people from saving it. And when people don’t save, they can’t build capital, and the vicious cycle goes on.
This is destructive for civilization itself, in both the long term and the short term. The more paper money, the more credit, they create, the more society focuses on finance, as opposed to production. It’s why there are many times more people studying finance than science. The focus is increasingly on speculation, not production. Financial engineering, not mechanical, electrical, or chemical engineering. And lots of laws and regulations to keep the unstable structure from collapsing.
What keeps a truly civil society together isn’t laws, regulations, and police. It’s peer pressure, social opprobrium, moral approbation, and your reputation. These are the four elements that keep things together. Western Civilization is built on voluntarism. But, as the State grows, that’s being replaced by coercion in every aspect of society. There are regulations on the most obscure areas of life. As Harvey Silverglate pointed out in his book, the average American commits three felonies a day. Whether he’s caught and prosecuted is a subject of luck and the arbitrary will of some functionary. That’s antithetical to the core values of Western Civilization.
International Man: Speaking of ancient civilizations like Rome, interest rates are about the lowest they’ve been in 5,000 years of recorded history. Trillions of dollars’ worth of government bonds trade at negative yields. Of course, this couldn’t happen in a free market. It’s only possible because of central bank manipulation. How will artificially low interest rates affect the collapse of Western Civilization?
Doug Casey: It’s really, really serious. I previously thought it was metaphysically impossible to have negative interest rates but, in the Bizarro World central banks have created, it’s happened.
Negative interest rates discourage saving. Once again, saving is what builds capital. Without capital you wind up as an empty shell - Rome in 450 A.D., or Detroit today - lots of wonderful but empty buildings and no economic activity. Worse, it forces people to desperately put their money in all manner of idiotic speculations in an effort to stay ahead of inflation. They wind up chasing the bubbles the funny money creates.
Let me re-emphasize something: in order for science and technology to advance you need capital. Where does capital come from? It comes from people producing more than they consume and saving the difference. Debt, on the other hand, means you’re living above your means. You’re either consuming the capital others have saved, or you’re mortgaging your future.
Zero and negative interest rate policies, and the creation of money out of nowhere, are actually destructive of civilization itself. It makes the average guy feel that he’s not in control of his own destiny. He starts believing that the State, or luck, or Allah will provide for him. That attitude is typical of people from backward parts of the world - not Western Civilization.
International Man: What does it say about the economy and society that people work so hard to interpret what officials from the Federal Reserve and other central banks say?
Doug Casey: It’s a shameful waste of time. They remind me of primitives seeking the counsel of witch doctors. One hundred years ago, the richest people in the country - the Rockefellers, the Carnegies, and such - made their money creating industries that actually made stuff. Now, the richest people in the country just shuffle money around. They get rich because they’re close to the government and the hydrant of currency materialized by the Federal Reserve. I’d say it’s a sign that society in the US has become quite degraded. The world revolves much less around actual production, but around guessing the direction of financial markets. Negative interest rates are creating bubbles, and will eventually result in an economic collapse.
International Man: Negative interest rates are essentially a tax on savings. A lot of people would rather pull their money out of the bank and stuff it under a mattress than suffer that sting. The economic central planners know this. It’s why they’re using negative interest rates to ramp up the War on Cash - the push to eliminate paper currency and create a cashless society.
The banking system is very fragile. Banks don’t hold much paper cash. It’s mostly digital bytes on a computer. If people start withdrawing paper money en masse, it won’t take much to bring the whole system down. Their solution is to make accessing cash harder, and in some cases, illegal. That’s why the economic witch doctors at Harvard are pounding the table to get rid of the $100 bill.
Take France, for example. It’s now illegal to make cash transactions over €1,000 without documenting them properly. Negative interest rates have turbocharged the War on Cash. If the central planners win this war, it would be the final deathblow to financial privacy. How does this all relate to the collapse of Western Civilization?
Doug Casey: I believe the next step in their idiotic plan is to abolish cash. Decades ago they got rid of gold coinage, which used to circulate day to day in people’s pockets. Then they got rid of silver coinage. Now, they’re planning to get rid of cash altogether. So you won’t even have euros or dollars or pounds in your wallet anymore, or if you do, it will only be very small denominations. Everything else is going to have to be done through electronic payment processing.
This is a huge disaster for the average person: absolutely everything that you buy or sell, other than perhaps a candy bar or a hamburger, is going to have to go through the banking system. Thus, the government will be able to monitor every transaction and payment. Financial privacy, even what’s left of it today, will literally cease to exist.
Privacy is one of the big differences between a civilized society and a primitive society. In a primitive society, in your little dirt hut village, anybody can look through your window or pull back the flap on your tent. You have no privacy. Everybody can hear everything; see anything. This was one of the marvelous things about Western Civilization- privacy was valued, and respected. But that concept, like so many others, is on its way out…
International Man: You’ve mentioned before that language and words provide important clues to the collapse of Western Civilization. How so?
Doug Casey: Many of the words you hear, especially on television and other media, are confused, conflated, or completely misused. Many recent changes in the way words are used are corrupting the language. As George Orwell liked to point out, to control language is to control thought. The corruption of language is adding to the corruption of civilization itself. This is not a trivial factor in the degradation of Western Civilization.
Words - their exact meanings, and how they’re used - are critically important. If you don’t mean what you say and say what you mean, then it’s impossible to communicate accurately. Forget about transmitting philosophical concepts.
Take for example shareholders and stakeholders. We all know that a shareholder actually owns a share in a company, but have you noticed that over the last generation shareholders have become less important than stakeholders? Even though stakeholders are just hangers-on, employees, or people who are looking to get in on a shakedown. But everybody slavishly acknowledges, "Yes, we’ve got to look out for the stakeholders."
Where did that concept come from? It’s a recent creation, but Boobus americanus seems to think it was carved in stone at the country’s founding. We’re told to protect them, as if they were a valuable and endangered species. I say, "A pox upon stakeholders." If they want a vote in what a company does, then they ought to become shareholders. Stakeholders are a class of being created out of nothing by Cultural Marxists for the purpose of shaking down shareholders.
Right now, the US is the most polarized it has been since the Civil War. The stakes are higher than they’ve ever been in living memory. The consequences of this could be crippling to the average person."
"Shopping At Dollar General! Checking Prices, And Empty Shelves!"
Full screen recommended.
Adventures with Danno, AM 1/15/22:
"Shopping At Dollar General!
Checking Prices, And Empty Shelves!"
"In today's vlog we are at Dollar General with empty shelves everywhere! We are here to check out rising prices, and to get a few items of course they don't have. It's getting rough out here as stores seem to be struggling with getting products!"
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Full screen recommended.
1/15/22: "Pittsburgh Food Shortages UPDATE.
Empty Shelves at Walmart & Grocery Stores"
Friday, January 14, 2022
Musical Interlude: Two Steps From Hell, "Two Steps From Hell - Evergreen Extended"; "Downstream"
Full screen recommended.
Two Steps From Hell, "Evergreen Extended"
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Full screen recommended.
Two Steps From Hell, "Downstream"
"A Kind Of Stubborn, Unrecognized Courage..."
"For many great deeds are accomplished in times of squalid struggle. There is a kind of stubborn, unrecognized courage which in the lowest depths tenaciously resists the pressures of necessity and ill-doing; there are noble and obscure triumphs observed by no one, unacclaimed by any fanfare. Hardship, loneliness, and penury are a battlefield which has its own heroes, sometimes greater than those lauded in history. Strong and rare characters are thus created; poverty nearly always a foster-mother, may become a true mother, distress may be the nursemaid of pride, and misfortune the milk that nourishes great spirits."
- Victor Hugo
"The Ironic, The Tragic Thing..."
“One can fight evil but against stupidity one is helpless… I have accepted the fact, hard as it may be, that human beings are inclined to behave in ways that would make animals blush. The ironic, the tragic thing is that we often behave in ignoble fashion from what we consider the highest motives. The animal makes no excuse for killing his prey; the human animal, on the other hand, can invoke God’s blessing when massacring his fellow men. He forgets that God is not on his side but at his side.”
“There is no salvation in becoming adapted to a world which is crazy.”
- Henry Miller
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