Tuesday, May 10, 2022

"National Self-Perception"

"National Self-Perception"
by Jeff Thomas

"This above all: to thine own self be true."

"Bill Shakespeare had a talent for phrasing basic truths well, and this quote is no exception. (Even if you lie to others, don’t lie to yourself, or you’re in real trouble.) Much has been said about the American self-image, going back to its inception as an upstart nation that imagined it could succeed as a republic, as Athens had failed to do. And, indeed, the US encountered the same basic problem as Athens: having once created a republic – a nation in which the rights of the individual are foremost. Maintaining that condition is not only a constant battle, but extremely unlikely over time.

As a form of governance, a republic serves its people well; however, since it doesn’t provide its leaders with much in the way of aggrandizement or profit, its leaders are likely to do all they can to degrade the republic into a democracy. Once having accomplished that, they’re likely to do all they can to degrade it to tyranny. As Thomas Jefferson said, "History hath shewn that, even under the best forms, those entrusted with power have, in time and by slow operations, perverted it into tyranny." He anticipated that, given enough time, the nascent United States would devolve into a tyrannical oligarchy. It has now had that time and has become a tyrannical oligarchy.

It must be said that the US still displays the accoutrements of a proud republic, but, at this point, it’s for show only. The inner workings of the US are not that of a republic, nor even a democracy. The US is quasi-capitalist/quasi socialist amalgam that’s run by a corporatist oligarchy. Whilst it still has an elected president and congress, those individuals are, at this point, cardboard cutouts who are only allowed to pursue their personal pet projects if they fit in with the unelected Deep State that’s truly in charge.

It’s important to mention that the challenge to the republic began in George Washington’s first cabinet, through regular squabbling between the three cabinet members. But, although the deterioration continued for another hundred years, the US did not abandon its principle to stay out of world affairs for its first hundred years. That occurred by 1900, under the voracious nationalist appetite of one Teddy Roosevelt. The US government began its foray into empire and never looked back.

Through two world wars, the US wisely held back as European nations beat each other to pieces. Instead, they supplied the combatants with armaments and charged them in gold. In each war, by the time the US jumped in to win the day, their troops were fresh, their armaments were substantial and much of the wealth of Europe had been transferred to them, assuring that they’d prevail at the end of the war. Consequently, they ended the war the richest nation on earth, whilst the other nations lay in ruins, both physically and economically.

And so began the next era, one in which Americans saw themselves as the "winners" of the wars, as well as the king of the mountain. By 1958, Eugene Burdick and William Lederer had written their novel, "the Ugly American," which accurately presented American diplomats as presumptuous and arrogant. Although Messrs. Burdick and Lederer were both American, they were highly objective, and made the effort to see the US and its government as outsiders saw them.

Since that time, the US government has, if anything, expanded upon its presumption and arrogance, declaring in no uncertain terms that it regards itself as the world’s policeman and will enforce its power wherever it sees fit, globally. In recent decades, it’s demonstrated that conviction, by invading numerous far-flung nations, often for flimsy reasons and, indeed, sometimes for reasons that later proved erroneous. Tellingly, even when the US has been caught destroying a country for a trumped up reason, the US offered no apology, but continued its aggression.

Americans themselves appear to be of mixed opinion on this behavior. Some Americans recognize the presumptuous and arrogant manner of their leaders and decry such behavior and even fear where it may ultimately lead the US. Yet, others parrot their government’s position that a bit of milk may need to be spilt if the US is to "make the world safe for democracy." (They often proudly take this stance, even though invading a country halfway round the world, destroying its cities, killing its people and destroying its economy, only to install a puppet government, can hardly be called democracy.)

But, how does the world outside the US see the US? Well, many assume all Americans resemble their leaders – dangerous sociopaths, who represent a threat to the rest of the world. Others are more objective and recognize that the American people and the American leadership are not one and the same. This latter group tend to have greater sympathy for Americans themselves, whilst remaining guarded about their leaders.

However, generally speaking, the world at large observes US national behavior and sees the US as a whole as a potential (if not current) threat. Americans who might nod their heads at this statement are likely to think in terms of the Middle Eastern and Asian countries and they would be correct. However, it goes further than this.

As the "world’s policeman," the US government frequently decides to punish nations that fail to kowtow to it by applying economic sanctions. The US then advises its allies that they will be expected to do the same. It is at this point that those who had thought themselves allies of the US say, "Hang on, it may not cost you anything to apply these sanctions, but it costs us a great deal."

As Thomas Jefferson said, "History hath shewn that, even under the best forms, those entrusted with power have, in time and by slow operations, perverted it into tyranny." As an example, when the US applied sanctions to Russia, then required those sanctions to be supported by countries in the EU, and some in Europe said, "But we get most of our gas from Russia. If we support US sanctions, they may understandably cut off our gas. Unless the US can replace that gas, our people will freeze this winter."

Further, the US government is becoming increasingly pointed in its threats of warfare to those perceived adversaries that they’ve not yet invaded – a development that’s increased the nail-biting by both the governments and peoples of US allies.

So, what are we to make of all this? Well, such developments are nothing new historically. Throughout the ages, whenever an empire has become like the pawn in the photo above and has come to see itself as a king, arrogance and presumption have tended to have become the rule.

As tensions build, old allies attempt to hold their positions, but, when the volcano eventually does blow, they tend to head for the hills. It’s for this reason that, if and when an empire makes the fatal mistake of seeing itself as omnipotent, it learns (the hard way) that, first, it’s not as strong as it presumes and, second, that its allies were not prepared to be sacrificed for the sake of the self-proclaimed king.

It’s for this reason that, as Doug Casey has said, "Countries fall from grace with amazing speed." This can also be said for empires, and the US presently displays all the behavior of an empire that’s teetering on the brink of its own fall from grace.

Economically, politically, and socially, the United States seems to be headed down a path that’s not only inconsistent with the founding principles of the country, but accelerating quickly toward boundless decay. In the years ahead, there will likely be much less stability of any kind."

"It Was The Best Of Times..."

"It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only."
- Charles Dickens, "A Tale of Two Cities"

Freely download "A Tale of Two Cities" here:

Monday, May 9, 2022

"The War Can Only End With More War"

"The War Can Only End With More War"
by The Good Citizen

"The tragedy of modern war is that the young men die fighting
 each other – instead of their real enemies back home in the capitals.” 
- Edward Abbey

"The youngbloods cry out with screams of mercy while prone in the sunflower fields of Lugansk. “The Cauldron is forming and soon we’ll be surrounded! When does it end!?” The big blue sky above ignores them. A nearby Azov officer hears them ask to surrender. Two by two the screamers get taken to the shallow side of a slope and shot in the back of the head. Final thoughts while gazing out to the horizon to take in their last breath: my death is happening because it was entirely preventable.

The entirely preventable war can only end with more war. The entirely preventable deaths can only end with more death. NATO’s orders. It was always going to end the way we know it will end. With more war.

The only thing they’re trying to prevent now is any narrative that undermines their aims to prevent it from ending. They say World War One was fought for reasons nobody really knows. The death and devastation were so unfathomable, so inconceivable, it was to be the war to end all wars. As long as people believe only war can end wars, then the war will only end with more war.

This war is being fought for reasons nobody with a functioning brain really believes. Democracy? Freedom? Insert all the laughing, crying, rolling on the muddy death fields of Ukraine emojis in the digital universe, plus all the facepalms, and pregnant men facepalms.

Forget the Nazis, the Oligarchs, the cocaine comic, the NATO clowns, the American empire war complex, the district of corruption, the demented diapered one, the EU tyrants begging for economic and energy catastrophes a la carte.

They all stand to gain from the blood of young Ukrainians, from their sacrifice for a set of conditions that were never going to be met even when all the world knew it before a single shot was fired. They played Russian roulette with a country and most people celebrating its sacrifice for global evil can’t point to it on a map. They all cry out in unison like one mindless drone across the earth: “Keep dying youngbloods! The war will only end with more war!”

Now we can see the wave rising at the border of Poland and Ukraine, on the horizon set for a prearranged destiny that nobody wants besides those with nothing to risk. All their instruments of war crossing the border will ensure that the war will surely end with more war.

You can see the wave of youngbloods across the muddy fields. They wore their boots out running for the Oligarchs safely in London. They were there in late February, forced to stay and fight. The young men in cheap nylon ski jackets, trapped in their national prison, kicked off the trains, stopped at the borders, told to go and die for the Oligarchs safely on their yachts in Monaco.

“Putin is evil young man, don’t you know that?” The youngbloods nod in agreement and move their gaze toward the ground utterly disgusted with themselves for nodding and not asking, “Why?”

The baby-faced boys of Kyiv fresh from their gaming chairs and Uber Eats delivery routes. Once giddily bouncing from school classes to casual conversations at cafes that young people have. A rifle stuffed into their hands, three days of performative training, and a swift shove to the meat grinders. Forcibly conscripted into the NATO death machine.

The war must continue and will only end with more war. Five hundred million for more war. Seven hundred million. Do I hear eight hundred million? Do I hear nine hundred?

There’s money to wash through the national laundering operations pouring forth from the U.S. Department of treasury like a fire hose plugged into the central bank of the fourth most corrupt country on earth. Too many pockets need lining before the youngbloods can be called back home from the fronts.

All wars really end with a negotiated peace. Not this one. The word peace is forbidden. So is the word diplomacy.

Even when Russia has mopped up the final villages for liberation in the Donbas and taken Odesa in the south, and the final Ukrainian Nazis are rounded up for trials and detention and a decade henceforth after all regions are flying the Trikolor flag, the Americans will be finding more weapons to send and demanding the comic find more youngbloods to sacrifice.

Their mothers and sisters sit in Polish and German refugee shelters, waiting for news. That dreaded news that no mother ever wants. It’s the waiting that’s most painful. The mothers know the Oligarchs agreed to the war. And the mothers know that western powers created the war. And the mothers know that the cocaine comic who ran on a peace mandate acquiesced to the war before showing his bloody fangs to the parliaments of the world begging for more weapons of war and more money and more cocaine and claimed “democracy” was at stake, as he was told.

And the mothers know it will be their sons who die for the Oligarchs, the western war powers, and the cocaine comic. They all dreamed of riches that could be justified by making Russia suffer and turning half of Ukraine into a post-apocalyptic hellscape. The mothers know their sons will be the ones to make their dreams come true.

And if they don’t know all this now, they will know it very soon one day after they get that call. And start asking questions. Why did my son have to die for this? Didn’t his dreams ever matter? How about my dreams for him?

It’s been two months in the fields, on the trucks, in the bombed-out concrete ruins of old brutalist apartment blocks, now gone forever. The only silver lining of the war. Thousands of youngbloods are already dead.

The living youngbloods are skinny, thirsty, tired. Their boots are worn down at the toes and heels. They haven’t showered for weeks. An American colonel yells orders at them with a southern drawl they can barely understand.

Soon the war will heat up. The eastern cauldrons will form. The Russians will surround them. The supply lines will grow thin and then stop and even with no water, food, or ammunition left to fight, the commands will come over the radios to the youngbloods of Ukraine, “The war will only end, with more war. Hold your positions.”

And the youngbloods who were conscripted into the NATO-CIA meat grinder will one day find themselves on some godforsaken pile of unfarmed dirt. They will look to their right flank and see Nazi hooligans that bullied and beat them at school and threatened to shoot them in the back if they deserted. Then to their left flank and see the pink flicking uvula of a screaming American Colonel they cannot comprehend, and in that moment of chaos and confusion and inevitable madness that they were forced into, they will grab their unloaded rifles and charge the Russian line.

A newfound burst of energy propels their skinny legs forward directly to the phalanx of Chechen warriors, eager to get their bayonets into Azov hearts. The youngbloods are racing, they’re in it, they’re moving now, they’re getting there. They haven’t felt more alive since they were told to die.

Their faces light up with smiles as they confront the inevitable, which finally makes sense as they meet it on their own terms, in their own way. As they hear the first cracks of Russian bullets overhead they turn to one another with the only sane weapon they have left and burst out in fits of raucous laughter. As youngbloods do."

"30 Facts About The Supply Chain Collapse That Will Make You Panic"

Full screen recommended.
"30 Facts About The Supply Chain Collapse 
That Will Make You Panic"
by Epic Economist

"Over the past few years, the global supply chain has fallen into a crisis that never seems to end: the industry has become extremely vulnerable to global events, consumers have been dealing with shortages and delivery delays, and uncertainty has become the new normal. Since the middle of 2020, strains in global production networks reflected the imbalances between the supply and demand of a wide range of goods and created several headwinds for the global economic recovery. From that point on, the world has started to suffer from soaring inflation, raw material shortages, rising commodity prices, and a massive spike in shipping and freight costs.

With every link of the supply chain impacting businesses both large and small, trying up with the globally disrupted supply chain evolution has been a recipe for disaster. While consumers have started to panic buy and hoard products once they realized empty shelves were becoming a common thing, companies have started to overorder and stockpile goods in anticipation of further supply chain bottlenecks. However, that has created even more shortages and pushed the price of virtually everything to historic highs.

Simultaneously the cost of sending containers from China to the US has reached astonishing levels over the past 24 months. For some trade routes, the price of standard 40-foot containers faced a 400 to 600 percent increase last year. In December 2021, the Economist estimated that the spot price of sending such a box from Shanghai to New York skyrocketed from $2,500 in 2019 to $15,000.

On top of that, the latest port closures have recently resulted in a significant slowdown in global manufacturing. They also exposed the weaknesses of an interdependent global trade system that has become way too entangled to be able to run smoothly. Problems continue to pile up on top of each other, and industry executives are warning that we haven't seen the worst of this crisis just yet. In other words, the global supply chain breakdown has only just begun.

Problems cannot be fixed overnight, and more and more issues continue to emerge with each passing day. Even if we experience moments of relative stability, a lot more turbulence is still ahead. As this perfect storm of factors continues to intensify, 2022 is right on track to be the worse year ever for supply chains. This means we should all prepare accordingly because at this point it only takes one single blow to interrupt the flow of goods across the world, and a recovery may not arrive until 2024. For that reason, in this video, we compiled some alarming numbers that expose the true extent of the global supply chain crisis."

"More Valuable Than Gold"

"More Valuable Than Gold"
Maybe it’s time to stock up on food…
by Jim Rickards

"It was another bloodbath on Wall Street today, as the three major indexes took another beating. Both the Dow and S&P are well into correction territory (down 10% or more from recent highs). The rate-sensitive Nasdaq lost over 4% today. It’s now mired in an official bear market (down 20% from its most recent highs), which will likely get worse before it gets better.

Markets will have their good days, but you can expect that the overall trend will remain down as long as the Fed is taking away the punch bowl. The Fed is now playing a desperate game of catch-up. Inflation is now at the highest levels since 1981. That inflation is not a one-month blip (the March 2022 CPI was 8.5%), but is part of an established trend. Inflation for the full-year 2021 over 2020 was 7.0%. Inflation in January was 7.5%, and in February was 7.9%.

In other words, the inflation trend is not only persistent, it’s getting worse. The Fed missed this trend entirely and is now racing to catch up. The Fed raised its target rate 0.50% at this month’s FOMC meeting. Another 0.50% hike is likely in June. Jay Powell seemed to rule out the possibility of a 0.75% rate hike, but the Fed is nonetheless tightening at an aggressive pace.

The Fed Is Destroying Money: Rate hikes will also be accompanied by reductions in the money supply of $80 billion per month or more. This is called quantitative tightening (QT) and is the opposite of the notorious quantitative easing (QE) that the Fed has practiced since 2008. The Fed is destroying money now.

Coming on top of the 0.25% rate hike in March, the May and June rate hikes will have pushed interest rates from 0.0% to 1.25% (or higher) in a mere three months. Combined with QT, this will be the fastest form of monetary tightening since the days of Paul Volcker.

Of course, the problem is that the Fed is tightening in the face of economic weakness. No surprise there: It’s a persistent habit of the Fed. The Commerce Department recently reported that first-quarter GDP in the U.S. declined 1.4% (annualized). The Atlanta Fed GDPNow forecasting tool estimates second-quarter 2022 growth in GDP will be 1.8%. If that second-quarter estimate stands, that means growth in the first half is pretty close to zero.

There’s little reason to believe that economic growth will accelerate over the second half of the year. The main reason is that the sanctions against Russia will continue, along with all the economic disruptions they’ve created.

Sorry, the Russians Aren’t Leaving: Bloomberg News tells us the German foreign minister, Annalena Baerbock, has declared that “sanctions against Russia will only be lifted after a complete withdrawal of its troops from Ukrainian territory.” There’s only one problem with that policy: The Russians aren’t leaving.

It remains to be seen how much Ukrainian territory Russia will seize and what the final terms of a peace settlement might be. But there’s no way Russia is withdrawing entirely from Ukraine. They have built a land bridge from Russia to Crimea at a high cost and are not giving it up. This means the sanctions will never be lifted (unless Baerbock and other Western policymakers changes their views). It also means there will be enormous destruction to global supply chains.

Then there’s China. We now know that lockdowns don’t work to stop the spread of COVID. But China is doubling down on its insane “zero COVID” policies anyway. It’s cracking down even harder in Shanghai, one of the world’s major trading hubs. There’s no end in sight. The impact of these lockdowns on global supply chains is profound. Chinese exports are at two-year lows, and it’s a serious drag on the global economy.

When considering the supply chain disruption from the war in Ukraine, and new pandemic lockdowns in China, it’s not a stretch to suggest that the U.S. economy may fall into a steep recession before the end of 2022. But as troubling as that prospect is, for many around the world it’ll be much worse.

The Coming Famine: Most analysts are aware that Ukraine and Russia together provide about 25% of all the grain exports in the world including wheat, barley and corn. That’s a huge percentage. But when viewed from the perspective of importing nations in Africa and the Middle East, the two warring parties provide 70–100% of the grain imported by those countries.

Among the largest importers are Egypt, Lebanon, Sudan, Kenya, Somalia, Jordan and many others. Together, those large importers have a combined population of 700 million people, or about 10% of the global population. There is no ready substitute for those imports.

The U.S., Canada and Australia are all major grain producers, but they already consume their grain domestically (mostly as animal feed to supply beef and pork) or have existing export markets that also rely on the grain.

This looming grain shortage is amplified by global shortages of fertilizer, which also comes from Ukraine and Russia to a great extent. Many farmers cannot get fertilizer at all, and those who can are paying twice–three times last year’s price. That will result in further grain shortages and sky-high food prices as the higher fertilizer costs (and transportation costs due to higher diesel prices) feed through the supply chain. The end state of these various forces is a potential humanitarian crisis of unprecedented proportions late this year and early next year.

It’s not a stretch to estimate that the total number who die of starvation as a result of this food shortage will be greater than the total number of people killed on the battlefields of Ukraine. So yes, the war can get worse. And it will.

Given today’s economic turmoil, people ask me if I'm buying gold. I am, but I've spent more time lately shopping for large-capacity freezers so I can stock up on food (I have three already). The food shortages should hit hard by this fall.

Buckle Up! Overall, the remainder of this year and 2023 will challenge investors in ways not seen since the Great Depression. We’ve grown accustomed to stock market declines of 20% and even 30%, (which happened in 2008, 2018 and 2020). But a real stock market crash can be 80% or greater (as happened from 1929–1932 and in the Nasdaq in 2000–2001). That’s the order of magnitude investors need to keep in mind.

The course for investors is clear. Equity exposures should be reduced. Allocations to cash should be increased significantly, perhaps as high as 30%. Allocations to hard assets including real estate, farmland, gold, silver and natural resources are a must. One way to keep a hand in the stock market but still bet on natural resources is to look at energy stocks and mining stocks; both sectors should outperform major indexes.

But if there is a severe recession, as I predict, there is one bright spot: Recession is often the one reliable cure for inflation. It’s a steep price to pay, but it can be effective. But there’s also the real possibility that we’ll suffer from both weak growth and inflation at the same time. We may be returning to that unpleasant combination of low growth and high inflation known as stagflation. If so, it will be a return to the late 1970s when the "misery index" was created to describe the stagflation combination of high interest rates and high unemployment at the same time. My advice is to buckle up."

"The Greatest Crash in History is Coming - Prepare For Worst Case Scenario"

ThisisJohnWilliams, 5/9/22:
"The Greatest Crash in History is Coming - 
Prepare For Worst Case Scenario"

"The US Economy has done extremely well since 1776. We were the land of opportunity where people would come from all over the world to start businesses and enterprises and break into the middle class and many would later become rich and wealthy. However during that period there were many booms and busts in the economy, some led to a recession, some led to a depression. This crash I believe will be worse than any crash we have seen in our 250+ year history.

The America we once knew is gone, we are witnessing the entire labor and workforce quit and no one wants to work anymore. We are witnessing sky high food and labor costs, we are witnessing sky high rent prices and rising insurance rates as well as gas prices. Everything is going up except our production as a whole. We produce less yet demand much, much more. We are seeing countries like India, Russia, China and UAE build tight relationships and those countries as a whole hold half of the global population and most of the global exports.

We are watching America die and are watching the rise of other countries. In this great transformation we will see our living standards greatly change and most people don't realize what is coming."

Gregory Mannarino, "Markets: Crash! Crater! Meltdown! Really? Have A Look At This!"

Gregory Mannarino, PM 5/9/22:
"Markets: Crash! Crater! Meltdown! 
Really? Have A Look At This!"

"Investors Lose Trillions Of Dollars Today, Everything Is Collapsing; Market Collapse Accelerates"

Jeremiah Babe, 5/9/22:
"Investors Lose Trillions Of Dollars Today, 
Everything Is Collapsing; Market Collapse Accelerates"

“Steer Clear Of Those Murder Holes”

“Steer Clear Of Those Murder Holes”
by Addison Wiggin

“That’s the thing about the collapse of civilization, Blake. It never happens according to plan… The end comes in unforeseen ways; the stock market collapses, and then the banks, and then there is no food in the supermarkets…”
 - Mark Raynor, "The Fridgularity"

"Just as I was cracking my knuckles in prep for today’s missive, I caught the opening 20-minute scene of Spielberg’s "Saving Private Ryan" on AMC – the greatest war sequence ever filmed. The first piece of advice Tom Hank’s character, Captain Miller, gives to his crew as they’re about to become target practice in their amphibious landing vehicles on Utah Beach is: “Steer clear of those murder holes”.

“Good advice,” I thought… Given we write about economics, politics, history and the financial markets. Murder holes, you say? Let us count the ones we’ve covered so far:

1. “Money Printing”
2. and it’s evil offspring “Inflation”
3. “Carbon Energy” (including “Sanctions” thereof)
4. “The Green New Deal”
5. “Supply Chain Issues” (including those caused by the “Pandemic”)
6. “Weakening Financials” (including in tech)
7. “Economic Recession”
8. And now… an impending “Food Shortage” in America - never! - caused by a conflux of “all of the above”.

We spoke with Mark Rossano this week on TWS. Mark is the CEO of C6 Capital Holdings. You’ll note C stands for carbon on the table of elements. 6 is carbon’s atomic weight. You can imagine where on the economic table Mark finds his bread buttered.

Mark has been covering supply chain challenges in the global food supply since 2017, well before the Pandemic shut down large swaths of the economy. He’s also been tracking naturally occurring floods, fires, droughts… And locust infestations. Yep, biblically epic locust infestations. One locust swarm in particular manifested in Sudan and survived its way on the wind all the way to SouthEast Asia.

Regardless of your thoughts on “global warming”, “climate change”, “green energy” or whatever politically orientated term is in vogue, Mark has been tracking the real world impact these disasters have on the food supply. Watch the full video, here, for the bigger picture:
"Should I be worried about food shortages here in the U.S.?”

Tomorrow, we’re going to trace a “glitch” in the supply of fertilizer to the Midwest at a critical period in the spring planting season."

"Follow your bliss,"

Musical Interlude: Liquid Mind, "Unity"

Liquid Mind, "Unity"

"A Look to the Heavens"

“Is the heart and soul of our Galaxy located in Cassiopeia? Possibly not, but that is where two bright emission nebulas nicknamed Heart and Soul can be found. The Heart Nebula, officially dubbed IC 1805 and visible in the below view on the right, has a shape reminiscent of a classical heart symbol. Both nebulas shine brightly in the red light of energized hydrogen.
Several young open clusters of stars populate the image and are visible above in blue, including the nebula centers. Light takes about 6,000 years to reach us from these nebulas, which together span roughly 300 light years. Studies of stars and clusters like those found in the Heart and Soul Nebulas have focussed on how massive stars form and how they affect their environment.”

The Poet: Rainer Maria Rilke, "Do You Remember?"

"Do You Remember?"

"Do you remember still the falling stars
that like swift horses through the heavens raced
and suddenly leaped across the hurdles
of our wishes - do you recall?
And we did make so many! 
For there were countless numbers of stars: 
each time we looked above we were
astounded by the swiftness of their daring play,
while in our hearts we felt safe and secure
watching these brilliant bodies disintegrate,
knowing somehow we had survived their fall."

- Rainer Maria Rilke
"We all know that something is eternal. And it ain't houses and it ain't names, and it ain't earth, and it ain't even the stars... everybody knows in their bones that something is eternal, and that something has to do with human beings. All the greatest people ever lived have been telling us that for five thousand years and yet you'd be surprised how people are always losing hold of it. There's something way down deep that's eternal about every human being."
- Thornton Wilder
Do you remember?

"In The Time Of Your Life..."

"In the time of your life, live - so that in good time there shall be no ugliness or death for yourself or for any life your life touches. Seek goodness everywhere, and when it is found, bring it out of its hiding-place and let it be free and unashamed. Place in matter and in flesh the least of the values, for these are things that hold death and must pass away. Discover in all things that which shines and is beyond corruption. Encourage virtue in whatever heart it may have been driven into secrecy and sorrow by the shame and terror of the world. Ignore the obvious, for it is unworthy of the clear eye and the kindly heart. Be the inferior of no man, nor of any man be the superior. Remember that every man is a variation of yourself. No man's guilt is not yours, nor is any man's innocence a thing apart. Despise evil and ungodliness, but not men of ungodliness or evil. These, understand. Have no shame in being kindly and gentle, but if the time comes in the time of your life to kill, kill and have no regret. In the time of your life, live - so that in that wondrous time you shall not add to the misery and sorrow of the world, but shall smile to the infinite delight and mystery of it."
- William Saroyan

"No Room For Cowards..."

“Life has no victims. There are no victims in this life. No one has the right to point fingers at his/her past and blame it for what he/she is today. We do not have the right to point our finger at someone else and blame that person for how we treat others, today. Don’t hide in the corner, pointing fingers at your past. Don’t sit under the table, talking about someone who has hurt you. Instead, stand up and face your past! Face your fears! Face your pain! And stomach it all! You may have to do so kicking and screaming and throwing fits and crying – but by all means – face it! This life makes no room for cowards.”
- C. Joybell C.

"Four on the Floor (After Faulkner)" Excerpt

"Four on the Floor (After Faulkner)"
by Generally Risk Thoughts

Excerpt: "I’m writin this here note awaitin the arrival of my fourth grandson. And I wouldn’t a reckoned on that. Four grandsons! God oh mighty! The still to be named little Feller (yup, his surname is indeed Feller – owing, so I’m told, to some of his forebears bein’ in the business of fellin’ trees) should be droppin in any time now; almost certainly before any of y’all receive this note. Henceupon, I reckon I’ll fill y’all in on the good news as soon as it come to me.

Grandson #4 is all I’m likely to git. No granddaughters; no more grands of any kind. I’m not complainin, though. Some (I hear tell) never git no grands at all.

Lord knows, he’ll be entering the proceedins at an interesting pass, with less visibility into the future than his two oldest brothers – born, respectively, in 2015 and 2017. The one right before him come two years ago this past Friday – on Cinco di Mayo ’20. When we was all in lockdown, with no notion of when they’d turn us loose.

I reckon them last two got something of this nature in common. Because there’s a passel of uncertainty at the moment. You might even call it LOCKDOWN level uncertainty. As one example (somewhat random and owing in part to a nasty round of Bird Flu makin’ its way across the land), the price of chickens is more than double the level that greeted any of his three older brothers: Chicken: Finger Lickin’ Expensive?

I reckon it don’t matter much for now. He’ll be on his mama’s milk for a few months, and then subsisting on that mush (now in terrifying short supply) that passes for infant food.

On the other hand, if current trends continue, by the time he’s ready to dig into The Colonel’s Original Recipe, it might not be economicly feasible for him to do so. His fokes, after all, have other expenses to consider, and may need to be a little parsimonious in dishing out them wings and thighs. They could, of course, take out a secondary mortgage for these luxury victuals. But I can’t hardly counsel that."
Please view this complete, highly entertaining and informative article here:

Bill Bonner, "Rich Man, Poor Man"

"Rich Man, Poor Man"
by Bill Bonner

Youghal, Ireland - "It must take a special talent to wreck the world’s largest and most wealth-creating economy. If knowledge produces wealth, for example, every American should be rich as a Rockefeller; the US graduates 60,000 new Ph.Ds every year. Whatever they are learning, it doesn’t seem to make us more prosperous.

America’s entrepreneurs, too, should have been producing new wealth at record rates. The US has the world’s largest single consumer market. We have more people with more money than anywhere else. And we’re ready to spend on whatever new gizmo comes along.

Our 32 million small business owners get up in the morning with a single objective – to increase the GDP. New products, new services… new ways of doing business – they’ll try anything that will help their customers, and fluff up their bottom line. And the nation’s investors are ready to fund them. About half of the population owns stocks… worth nearly $50 trillion. They’ve proven that they’ll back almost any crackpot corporation that comes along. It doesn’t even have to make money.

And what about ‘the science?’ Isn’t American science also second to none – on the cutting edge of every new breakthrough… adding to our wealth-enhancing knowledge every business day? And our new technologies – 5G… the cloud… the metaverse… NFTs… birth control patches… self driving cars – surely they presage vast new industries – and untold wealth… ahead.

Going, Going… Gone: Given these conditions, you’d think the country would be unstoppable… getting richer than ever. But America is no longer getting richer… it’s going the other direction.

Disposable personal incomes are dropping – down 20% from March’21 to March ’22. Of course, the steep drop is the result of winding down the feds’ Covid gimmie/stimmie programs. But ignoring the ‘transfer payments,’ still shows falling incomes. While wage increases are running at about 5%, consumer prices are rising at nearly 9%.

GDP is falling at a 1.4% annual rate. The trade deficit just hit a new record high – at $109 for the month of April. Productivity is in retreat – down at a 7.5% annual rate… the worst since 1947. Consumer prices are rising at the fastest pace in 40 years… Rents in Miami are up 40% year-to-year… 22% in Orlando… 17% in Las Vegas… the stock market just had the worst first quarter since 1939… and investors are realizing that many of the most promising breakthroughs were just fads. NFT sales are down 92% from the peak. An NFT of Jack Dorsey’s first tweet sold for $2.9 million a year ago; now it’s on sale... top bid so far: $14,000.

Fed Footprints: What’s the ‘takeaway?’ What failed? Who to blame? Did investors forget how to put their money to work? Did entrepreneurs decide not to work so hard? Do our schools teach claptrap? Is ‘the science’ bogus?

Probably. But if this were a crime scene, we’d take a careful look at the footprints. And we’d find those of the Fed governors. This remarkable slowdown of the US economy comes after the Fed pumped up its balance sheet by $8 trillion since 1999… and then increased the money supply by 50% over the last 3 years (the biggest increase ever). In other words, this was the most bombastic episode of economic ‘stimulus’ in the history of the world. Never before have US authorities intervened so boldly to improve and protect the economy.

With their…‘dynamic stochastic’ modeling by the Fed’s 400+ Ph.Ds… And their theories – the ‘neutral rate’ for interest rates, the wealth effect, ‘full capacity,’ and ‘data dependence’ – they have made 330 million people poorer."

"Prepare for the Worst Case Scenario - Market Wipeout"

Full screen recommended.
Dan, iAllegedly 5/9/22:
"Prepare for the Worst Case Scenario - Market Wipeout"
"No matter how you look at it they are growing concerns with the global economy. From diesel fuel shortages, the pending food shortages, to the fact that real estate is finally turning and prices are dropping you have to take this all seriously. The sun is setting on the economy."

The Daily "Near You?"

Candia, New Hampshire, USA. Thanks for stopping by!

"Is the Pentagon Planning a False Flag to Start WWIII?"

"Is the Pentagon Planning a False Flag to Start WWIII?"
by Martin Armstrong

"As NATO countries continue to finance Ukraine, Putin has reason to worry. Top Russian advisors are now preparing for “a provocation aimed at accusing the Russian armed forces of using chemical, biological, or tactical nuclear weapons,” Lieutenant General Igor Kirillov, the head of the Russian Radiation, Chemical and Biological Protection Force, stated.

The Russians are preparing for three possible scenarios that would result in World War III. The first scenario involves attacking the Russian-controlled Zaporozhskaya Nuclear Power Station. The Russian Defense Ministry said the nuclear site is in critical condition, which could lead to a disaster that will certainly be blamed on Russia. It would be easy for world leaders to enter a faraway war over the pretense of nukes.

In the second scenario, Kirillov stated that the Pentagon may deploy weapons of mass destruction (WMD). Specifically, the WMDs would target a large steel mill in the port of Mariupol. He believes the US would do this “discreetly” and in small quantities to avoid being detected. The last option, which Kirillov said is the least probable, would be deploying WMDs directly on the battlefield.

Spy drones have already been spotted in the Kherson Region, and Russian officials believe the drones may be spraying biological and chemical weapons, which would be a major war crime. Russia maintains it has disposed of all of its chemical weapons over five years ago. Izumi Nakamitsu, the UN’s top disarmament official, claims that Ukraine does not possess biological weapons. A US diplomat testified before the Senate that the Pentagon is working to ensure that “the materials of biological research do not fall into the hands of Russian forces.” Yet, Ukraine and its supporters deny that any chemicals exist.

There are indeed labs in Ukraine that potentially contain bio-warfare weapons, but Zelensky maintains they are conducting “ordinary scientific research” amid an active war. Zelensky appeared on CNN to say “all countries have to be worried” about Russia using nuclear or chemical weapons. It seems more likely that Ukraine and not Russia is in possession of such agents."
Related:

"Sometimes..."

“A person who has not been completely alienated, who has remained sensitive and able to feel, who has not lost the sense of dignity, who is not yet ‘for sale’, who can still suffer over the suffering of others, who has not acquired fully the having mode of existence – briefly, a person who has remained a person and not become a thing – cannot help feeling lonely, powerless, isolated in present-day society. He cannot help doubting himself and his own convictions, if not his sanity.”
- Erich Fromm

"Economic Market Snapshot 5/9/22"

Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
"Economic Market Snapshot 5/9/22"
Updated as available.

Latest Market Analysis, Updated 5/9/22
A comprehensive, essential daily read.
May 6th to May 9th
Financial Stress Index
"The OFR Financial Stress Index (OFR FSI) is a daily market-based snapshot of stress in global financial markets. It is constructed from 33 financial market variables, such as yield spreads, valuation measures, and interest rates. The OFR FSI is positive when stress levels are above average, and negative when stress levels are below average. The OFR FSI incorporates five categories of indicators: creditequity valuationfunding, safe assets and volatility. The FSI shows stress contributions by three regions: United Statesother advanced economies, and emerging markets."
Commentary, highly recommended:
"The more I see of the monied classes,
the better I understand the guillotine."
- George Bernard Shaw
Oh yeah...
And now... The End Game...

Jim Kunstler, "Got the Heebie-Jeebies?"

"Got the Heebie-Jeebies?"
by Jim Kunstler

"Everyone I know is walking around in a baseline state of nervous agitation. Are they beset by “disinformation” or is it rather the reality of a cratering nation run by idiots and maniacs? Everywhere you look, calamities gather speed while the klaxons of alarm blare from all compass points. Got money? Looks like soon it will be worthless. Wondering if Mr. Putin has had enough of “Joe Biden’s” brainless effrontery to lob some hypersonic Big Ones in our collective face? Relying on that retirement account you have no direct control over while the financial markets wobble? Need to fill up the gas tank of your pickup truck twice a week? Can’t find a new condenser to fix the failing fridge? Entertaining rumors of looming famine. Credit cards maxed out? Sheriff stapling an eviction notice on your door? Beloved younger brother declaring that henceforward they are your sister? Hearing that all those vaxxes and boosters you obediently submitted to might rearrange your DNA?

These are just a few of the concerns zinging through the zeitgeist these late days of the republic. You are correct to be anxious about them, so at least don’t worry about worrying. Just understand that the more events spool out in the direction of danger, the more you will be warned against “disinformation.” The good part is that now we know the identity of at least one person who is officially in charge of that: “disinformation expert” Nina Jankowicz (NiJank), new chief of Washington’s Disinformation Governance Board. Whose idea was that, by the way?

Homeland Security Sec’y Alejandro Mayorkis (AlMay) didn’t seem to know anything pertaining to disinformation last week when grilled in committee by Senator Rand Paul (R-KY), including two of the most notorious cases in recent memory: Did the Steele Dossier include Russian disinformation? AlMay said he was “not equipped” to answer that question. Ditto the question - now definitively settled - as to whether Hunter Biden’s laptop stuffed with grifting memoranda was for-real. Of course, both of those matters were labeled previously as disinformation by his new expert hire, NiJank, who, it appears, is similarly unequipped to discuss the particulars at issue. But all this does raise the parallel issue: how much depraved insolence is the public supposed to tolerate from its public servants?

My guess: we’re nearing the end of America’s Christian patience for being snookered, gaslit, lied-to, bamboozled, and mind-fucked, especially as our nation gets gang-raped by the Party of Chaos. Perhaps the solution is to go a little further down the Roe v Wade path and make abortion fully retroactive, a new and innovative way to “cancel” lives whose obnoxious presence in the world is a menace to the human project. Declare the likes of AlMay and NiJank retroactively “unborn,” erasing their privilege to appointed office. The wire coat-hanger will not avail in this procedure, but lampposts would do nicely. Of course, it’s all just a hypothetical at this point.

Meanwhile, several Supreme Court justices are under siege in direct contravention of 18 U.S. Code § 115 - influencing, impeding, or retaliating against a federal official by threatening or injuring a family member. The authorities are permitting angry mobs to moil freely outside the Justices’ houses, while many January Sixth “insurrectionists” rot in the DC jail into a second-year on misdemeanor charges that the authorities refuse to adjudicate - meaning that there is no authority in Washington, DC, only a nameless, lawless simulacrum of it as conceived, say, in the spirit of Franz Kafka.

Hope abides that the November elections might set up a correction to much of this madness. The release on Saturday of Dinesh D’Souza’s documentary "2000 Mules" does not provide a whole lot of encouragement about that. The Party of Chaos still has its apparatus of ballot fraud in place all over the country and nobody seems to know what to do about it (though the remedy is pretty simple and straightforward: in-person voting with voter ID). The evidence of drop-box video and smart-phone tracking of the 2020 ballot-stuffers in several states is right there and nobody in American life appears to be equipped to do something about it. The necessary equipment consists of two plum-sized glands generally assigned at birth to persons of the male persuasion. Perhaps, along with refrigerator condensers, the supply line for that is broken.

But first, of course, before the scheduled midterm elections there are roughly six months of nice weather to get through, meaning conditions that are favorable for action in the street, starring the shock troops of Progressive Wokery. Depending on where you live, maybe that’s another reason to feel those old heebie-jeebies creeping in on little spiders’ feet."

"The Unfairness Of Mass Student Loan Forgiveness"

"The Unfairness Of Mass Student Loan Forgiveness"
by Rich Manieri

“You wanna borrow, you gotta pay the man.” Rocky Balboa was right, even way back in Rocky I. Rocky didn’t break Bob’s thumb like Mr. Gazzo told him. Bob was late on his payments and Gazzo didn’t like it. “How come you didn’t break this guy’s thumb like I told you?” “I figure if I break the guy’s thumb he gets laid off and he can’t make the payments…” “Let me do the figurin’ Rock! Just let me do the figurin’! These guys think we’re running some kind of charity or something.”

Rocky, Philly palooka though he was, had a tender heart. Still, he collected the debt because he understood the deal. Whether you’re borrowing from a loan shark on the docks or from a major lending institution – and the difference is sometimes negligible – a loan is an agreement, a contract. “You wanna dance, you gotta pay the band,” Rocky reminded the terrified Bob.

President Biden, however, is working his way toward turning the basic principles of borrowing, understood by everyone from the ancient Mesopotamians to South Philly leg breakers, upside down. He wants to cancel student loans on a mass scale. A terrible idea in the presidential pantheon of terrible ideas. He’s already canceled some $17 billion in student loans for 725,000 borrowers through what the White House calls “targeted relief.” But that was clearly just an hors d'oeuvre.

Biden appears to be considering forgiving $10,000 of student debt per borrower. Who will pay for this? We will. And by “we” I mean those of us who paid cash the old fashioned way, or took out loans and paid them back, or who never even attended college. It’s such a bad idea than even Biden himself poo pooed it which, like many other things, he’s apparently forgotten.

"The idea that you go to Penn and you’re paying a total of 70,000 bucks a year and the public should pay for that? I don’t agree,” Biden told New York Times columnist David Brooks in an interview last year. Right, Mr. President. So, what changed?

For starters, Biden’s popularity is plummeting like Wile E. Coyote from a cliff and that little dust cloud you see when he hits the dirt is the Democrats’ fate in the looming midterms unless something changes. In short, Biden needs a win and he appears willing to pursue it through executive action despite rising inflation and a shrinking economy. The timing for this will never be good but it’s difficult to imagine it being much worse.

If there’s any good news, it’s that Biden doesn’t appear prepared – at least not yet – to go as far as socialist Sen. Bernie Sanders (I-VT), who wants to forgive all, yes all, $1.7 trillion of student loan debt. The whole scheme seems grossly unconstitutional and illegal.

My family wasn’t wealthy by any stretch but my mother, who never attended college, managed our finances with ruthless efficiency. She operated by one simple axiom – don’t buy anything you can’t afford. She was also loath to take out any loans unless she knew she could pay them back in short order. My parents put my sister and me through college, debt free. There was no magic involved. They sacrificed. There were no expensive vacations or cars. They lived comfortably but simply, always within their means.

So, the Biden administration is effectively saying to people like my mother and millions of others who paid, or are in the process of paying back students loans, “You’ve done pretty well for yourself so we want you to pay back the loans of some strangers, like the kid who borrowed 70,000 bucks a year to go to Penn.” This is, above everything else, a wealth redistribution scheme straight from the Sherwood Forest School of Economics. And really, Robin Hood and his Merry Men were just a bunch of thieves in silly underwear anyway.

College tuition is too high and has risen at rates that far surpass inflation. Of course, one of the reasons tuition is so high is because virtually anyone can get a loan, regardless of their ability or intention to pay it back. If this sounds familiar it’s because similar loan practices led to the catastrophic burst of the housing bubble in 2008. We tend to learn little from history.

Still, if you’re going to borrow, you gotta pay the man. Rocky understood. So did Bob. I wish the politicians advocating for loan forgiveness in the name of “fairness” understood how unfair it is."
Well, consider what you're working with here...
"The problem isn’t that Johnny can’t read. The problem isn’t even that Johnny can’t think. The problem is that Johnny doesn’t know what thinking is; he confuses it with feeling."
- Thomas Sowell
Uhhh, no...
“A Millenial Job Interview”

"What It’s Like Being a Millennial (Give Me the Respect I Didn’t Earn)"
"Millennials are the most advanced crop of humans that our species has 
ever seen.  Here's everything you'll ever need to know about being a Millennial."
"We're so freakin' doomed!"
- The Mogambo Guru

"How It Really Is"

"Massive Price Increases At Sam's Club! What's Next? - What's Coming?"

Full screen recommended.
Adventures with Danno, 5/9/22:
"Massive Price Increases At Sam's Club! 
What's Next? - What's Coming?"
"In today's vlog we are at Sam's Club, and are noticing massive price increases! We are here to check out skyrocketing prices, and a lot of empty shelves! It's getting rough out here as stores seem to be struggling with getting products!"

Gregory Mannarino, "Important Updates: Stocks, Gold, Silver, Crypto, Crude, Set To Drop At The Open"

Your guide...
Gregory Mannarino, AM 5/9/22:
"Important Updates: Stocks, Gold, Silver, Crypto, Crude, 
Set To Drop At The Open"
Live updates: