Thursday, September 1, 2022

"How It Really Is"

"What this country needs... what this great land of ours needs is something to happen to it. Something ferocious and tragic, like what happened to Jericho or the cities of the plain - something terrible I mean, son, so that when the people have been through hellfire and the crucible, and have suffered agony enough and grief, they'll be people again, human beings, not a bunch of smug contented cows rooting at the trough."
- William Styron, "Set This House On Fire"

Bill Bonner, "America On The Verge?"

"America on the Verge?"
Could a housing collapse drag the economy
 from recession into... something far worse?
by Bill Bonner

Poitou, France - "Here’s the Daily Mail with the latest lurid headline: "Is America on the verge of a house price collapse? Prices could crash by up to 20% and homes are overvalued by as much as 72%, expert warns."

Boise, Idaho; Charlotte, North Carolina and Austin, Texas were the three most overvalued areas in the United States, according to Moody's Analytics Moody's found that found that 183 of the nation's 413 largest regional housing markets are 'overvalued' by more than 25 percent If a recession hits, house prices in those 183 regions could plummet by as much as 20 percent, Moody's predicted

If there is not a recession, they will still fall 10-15 percent, the analysts believe - echoing other experts. The housing inventory is at its highest level since April 2009, as sellers struggle to get rid of their property because mortgages have become more expensive.

Last week, investors were surprised by the forthright and clear-headed tone of Jerome Powell’s remarks from Jackson Hole. It almost seemed as though the Fed jefe had come to his senses: "The successful Volcker disinflation in the early 1980s followed multiple failed attempts to lower inflation over the previous 15 years. A lengthy period of very restrictive monetary policy was ultimately needed to stem the high inflation and start the process of getting inflation down to the low and stable levels that were the norm until the spring of last year. Our aim is to avoid that outcome by acting with resolve now.."

Powell is telling us – loud and clear – that he intends to ‘pull a Volcker.’ That is what we expected him to say. And we still don’t believe it.

Buckle Down: When push comes to shove, we predict, the Fed will buckle under demands to ‘pivot’ towards a looser monetary policy. But that is still somewhere in the future; today, we look at where ‘shove’ might be.

Remember, it’s ‘inflate or die.’ Since the 1990s, the markets – and the economy – have been under the spell of the Fed’s voodoo economics. It inflated everything – with its ultra-low interest rates for ultra-long periods. Now, with consumer prices rising uncomfortably, the Fed is forced to position itself as a steadfast, almost heroic, inflation fighter.

That is a fairly easy role for Powell et al; for now, they can fight inflation without taking casualties. Employment is still high. Stocks are still high. Interest rates are still low, with the 10-year Treasury bond yielding only 3.2% (more than 5% below the CPI). And houses are still selling near their peak prices.

So far… so good. But there’s $90 trillion in debt to reckon with. Raise the average carrying cost (interest rate) by a single percentage point and the cost to debtors is an extra $900 billion a year. As we mentioned on Monday, while the Fed’s balance sheet is coming down (the Fed is buying fewer bonds… aka QT, quantitative tightening), it is still lending to member banks at rates far below consumer price inflation. This is essentially ‘inflationary,’ since it encourages people to borrow. It is only by getting lending rates above the level of consumer price hikes that the Fed can control inflation.

At today’s 8.5% CPI (More lies, see here for true 17% inflation rate. - CP) that would mean interest rates around 10%. And if applied to all the debt outstanding that would cost the economy $9 trillion per year – or more than a third of total GDP. Not going to happen.

But what can happen is that the Fed’s gradually increasing interest rates will put the economy into a deeper recession. Then, people stop buying; businesses fail; jobs are lost; and prices fall. Most likely, we’ll see the two converge – rising rates from the Fed coming up to meet falling consumer prices – leaving us with positive (above zero after inflation) interest rates. But wait… there’s more.

Ropes in Their Hands: The Fed is also stepping up its QT program, re-absorbing much of the liquidity it put out into the economy. It will be extinguishing nearly $100 billion per month, beginning this month. Instead of buying bonds, in other words, the Fed will be selling them (or letting existing bond holding expire).

And here is where the battle against inflation becomes a fight for survival. It’s where the pain really begins… and where the Fed begins to fear for its own safety. Because, if the Fed isn’t buying US bonds, who will? And if fewer buyers appear at the Treasury bond auctions, bond prices will fall… and bond yields will rise. And as Treasury yields go up, mortgage rates will go up too. And soon, there will be mobs forming – on line, or on Pennsylvania Avenue, of homeowners, stockholders, politicians, the media – with ropes in their hands and Jay Powell in their sights.

Without the Fed there to buy up bonds (providing more cash and credit… more ‘liquidity’) borrowers will have to depend on real savers. But the savings rate has been going down since the Covid panic and now stands around 5% – or less than $1 trillion per year. The US government is still running deficits and expects to borrow more than $1 trillion in FY 2022.

You can do the math as well as we can. If all of the available savings are gobbled up by the federal government, private corporations, local governments, and mortgage lenders will be starved for credit. What we are going to see is something we haven’t seen for many years – a bidding war, not for houses… not for meme stocks… not for gas… but for scarce credit. In effect, the Fed is doing to the US credit market what the Russians are doing to the European gas market – cutting off supplies. The price is going to go up. Mortgage rates will go up. Housing prices will go down… and the whole economy will tip into a deeper recession. Then we will see what stuff Jay Powell is really made of."

Gregory Mannarino, "Prepare Yourselves! It's Happening Now"

Gregory Mannarino, AM 9/1/22:
"Prepare Yourselves! It's Happening Now, 
The 10-Year Yield Is Spiking, The MMRI Is Markedly Higher"
Comments here:

"A Wise Man Once Said...

“A wise man once said you can have anything in life if you will sacrifice everything else for it. What he meant is nothing comes without a price. So before you go into battle, you better decide how much you’re willing to lose. Too often, going after what feels good means letting go of what you know is right, and letting someone in means abandoning the walls you’ve spent a lifetime building. Of course, the toughest sacrifices are the ones we don’t see coming, when we don’t have time to come up with a strategy to pick a side or to measure the potential loss. When that happens, when the battle chooses us and not the other way around, that’s when the sacrifice can turn out to be more than we can bear.”
- “Dr. Meredith Grey”, “Grey’s Anatomy"

"Death Sentence by Starvation"

"Death Sentence by Starvation"
by Chris McIntosh

“You can’t build a peaceful world on empty stomachs and human misery.”
- Norman Borlaug

"Trudeau pushes ahead on fertilizer reduction. The sales pitch by Trudeau is that by cutting nitrous oxide emissions the central planners will save the planet from assured annihilation. Like any ridiculous war, whereby the goal is so broadly defined so as to ensure a never ending and ultimately unwinnable war (see war on “terror” and the war on “hate speech” as prime examples), this one too has a fugazi aspect to it. The target now is “emissions from agricultural sources” and they intend to reduce these 30% by 2030. For agriculture, that means cutting applications of nitrogen fertilizer.

Let me be blunt. The inevitable consequence is mass starvation.

Farmers will find their businesses under intense pressure as they are forced to try to make ends meet while reducing productivity. This will see many fail. But fear not, their land will be purchased by the likes of Bill Gates, Blackrock, and the government via various “collective bodies,” who will, via a complicit media, explain that this is needed “for the good of everyone,” of course. The net result will be a catastrophic decline in the aggregate food supply, and people will starve. We’ll be told that “the old way wasn’t sustainable” and we’ll be offered synthetic lab grown isht that will be referred to incorrectly as food and specifically meat. It is neither and will, like high fructose corn syrup, further weaken and sicken people. A perpetual never ending cycle of dependent, mentally, and physically sick populace reliant on the technocrats for their very survival.

Nitrogen is THE most important nutrient for crops. The invention of synthetic nitrogen is what allowed humanity to grow from a population of under 2 billion to almost 8 billion within a century. No synthetic nitrogen means no food.

Nitrous oxide (N2O) is generated as part of nitrogen fertilizer. The pointy shoes and their “sanctioned” experts have categorized N2O as an extremely potent greenhouse gas alongside methane. Why N2O and methane? Well, N2O hits directly at ALL crops and methane hits directly at all animals farmed. Every one of them. The hobgoblin of climate change is being used to obtain full and total control over the entire food industry. Quite a feat.

Canada is one of the major agricultural players globally. That means it’s an export powerhouse. But this isn’t possible without nitrogen fertilizer. Canada produces 8% of the world’s tradable wheat, 10% of tradable barley, and well over 50% of tradable canola.

Cut nitrogen usage by 30%, and you’re not going to simply see a consequent 30% reduction in Canada’s food supply. It doesn’t work like that. Cut 30% nitrogen usage and you have entire farm failures. Imagine any business where, for argument’s sake, your margins are 20% (they’re less in farming) and you see a 30% fall in production or something like that. You go out of business. 100% out of business. Poof! Gone! Some obviously will survive, but the production collapse is some figure north of 30%. And all that’s likely gone from the world market. Global food insecurity is already rising rapidly.

As we pointed out before COVID we were due a bull market in agricultural prices simply due to the energy component. Now, of course, it’s much, much worse. The world is staring down the barrel of a looming humanitarian catastrophe at a scale unseen since the mid-20th century.

The decision by Canadian and Dutch elites to restrict nitrogen usage is nothing less than a death sentence to millions globally to die of starvation. This self-righteous posturing by Canadian and Dutch WEF shills is about to create untold human suffering. The only positive out of this situation is that with each subsequent lockdown and disastrous policy initiated the populace will become angrier. Like every empire before it, this one, too, is likely to succumb under the weight of its own debts."

"Stocking Up At Kroger! Get It Before It's Gone! More Price Increases!"

Full screen recommended.
Adventures with Danno, 9/1/22:
"Stocking Up At Kroger! Get It Before It's Gone! 
More Price Increases!"
"In today's vlog we are at Kroger, and are noticing massive price increases, and are prepping for the future! 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!"
Comments here:
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Wednesday, August 31, 2022

"Panic Sweeps Across Energy Supply Chains As China Aggressively Reselling Russian Gas"

Full screen recommended.
"Panic Sweeps Across Energy Supply Chains As
 China Aggressively Reselling Russian Gas"
by Epic Economist

"The world is going through the most severe shortage of energy supplies that we have ever seen in modern times. The imbalance between supply and demand is pushing prices to absolutely astonishing levels, and sending many major economies to the edge of a disaster. Natural gas supplies, in particular, are shrinking all across the U.S. and Europe after Russia’s aggression on Ukraine resulted in a series of western sanctions on Russian exports. But while western nations suffer from energy scarcity, and populations face energy poverty, the Kremlin and Beijing continue to profit with record-high prices. In fact, a new report reveals that China is now aggressively reselling Russian liquified natural gas to energy-strapped countries in Europe and all over the world, effectively circumventing sanctions and helping to boost costs up 700% in some places. A rush for energy is now here, and the supply shock is likely to only get worse from this point on.

Over the past three months alone, China spent $18.9 billion on Russian oil, gas, and coal, almost double the amount a year earlier, the latest customs data show. Meanwhile, India spent $5.1 billion in the same period, more than five times the value of a year ago. That’s an additional $13 billion in revenue from both countries compared to the same months in 2021.

Although Europe continues to reject Russian energy exports, Sinopec data shows that China has been reselling Russian liquefied natural gas shipments to European countries. ZeroHedge experts noted yesterday that “China has been quietly reselling Russian LNG to the one place that desperately needs it more than anything: Europe - and of course, it is charging a kidney's worth of markups in the process.”

Make no mistake: all of these "excess" energy supplies were soured in part or in whole in Russia, but since it has been "tolled" in China, it is no longer Russian. It is instead being branded as Chinese LNG, they exposed. The main problem is that as soon as economic activity bounces back in China, the situation will quickly reverse, and Beijing will no longer resell Russian gas to keep Europe warm during the coming winter.

At the end of the day, what the West has done was to make energy more expensive and scarce to itself while remaining primarily reliant on the exports of the country it now wants to ban. Worse even, is the fact that Europe could buy these supplies for less than half the price that it is paying right now. Instead, it has to pay 6 to 7 times more just to virtue signal to the world that it won't fund Putin's regime when in reality it is paying extra to both Xi and to Putin, who are both collecting a premium price thanks to the overall market scarcity.

It’s no wonder why European authorities are rushing to fill storage reserves so there’s enough gas to meet household heating and industrial needs over the northern winter. With European wholesale natural gas, coal, and CO2 prices near all-time highs, Europeans are facing a real threat of energy poverty, one which may in fact last for many years. In Germany, electricity prices have risen by a staggering 720% from the beginning of the year. This is a seismic energy supply shock that is destabilizing the entire West. The social, economic, and political fabric of the U.S. and Europe has never been so vulnerable to external disruptions. And once again, we, the consumers, are the ones who were left to deal with a myriad of terrible repercussions."

Canadian Prepper, "This Keeps Me Up At Night..."

Full screen recommended.
Canadian Prepper, 8/31/22:
"This Keeps Me Up At Night..."
"If you think it can't get bad here you may want to watch this video."
Comments here:

"Stock Market Crippled by Liquidity Crisis - You Are Not Prepared For What's About To Hit"

Jeremiah Babe, 8/31/22:
"Stock Market Crippled by Liquidity Crisis -
 You Are Not Prepared For What's About To Hit"
Comments here:

"Millions of Americans To Be Evicted From Their Homes As Economic Collapse Accelerates"

"Millions of Americans To Be Evicted 
From Their Homes As Economic Collapse Accelerates"
by Mike Adams

Excerpt: "The collapse is now accelerating by the day. Earlier this week, we learned that one in six US households is behind on paying their electric bills (and electricity isn’t even expensive in the states compared to all of Western Europe, where people in France are paying $1 per kWh and going broke). Now, we’re learning that as many as 3.8 million American renters could face eviction in the next two months (see StrangeSounds.org) because they can’t keep up with rent payments, which now average over $2,000/month in America.

Thanks to the disastrous economic policies of the illegitimate Biden regime that staged a ballot-stuffing election insurrection to steal the presidency, the American people are suffering like never before, fending off skyrocketing inflation (at nearly 20% once you include food, fuel and energy), rising food prices, still-high fuel prices (diesel just went back up over $5/gallon today), and unaffordable rent and housing.

More and more Americans, it turns out, are going to have to choose between housing and food, meaning millions of new people will be homeless and / or starving before year’s end… all while Biden and the Democrats claims that Republicans are “a threat to democracy.”
Get the full article and podcast in today's feature story here:

"Something Like Reverence..."

“When the pain of leaving behind what we know outweighs the pain of embracing it, or when the power we face is overwhelming and neither flight nor fight will save us, there may be salvation in sitting still. And if salvation is impossible, then at least before perishing we may gain a clearer vision of where we are. By sitting still I do not mean the paralysis of dread, like that of a rabbit frozen beneath the dive of a hawk. I mean something like reverence, a respectful waiting, a deep attentiveness to forces much greater than our own.”
- Scott Russell Sanders

"World War Next" (Excerpt), Part I

"World War Next" (Excerpt), Part I
by Contemplations on the Tree of Woe

Excerpt: "War is coming. Maybe not this month, maybe not this year, but it’s coming. The Pax American has ended. The men and women who remember the horror of World War II are long gone. The taboo on violence has been lifted. War is coming. You can disagree, but I have a ham radio set up at my desk, and when the missiles start to fly, I will radio you to say “I told you so.” (Leave your callsign in the comments.)

If war comes, will the US prevail? Our national mythology holds that we’re always the good guys and the good guys always win. But war is the province of blood, steel, risk, and grit, not myth. The United States has not faced a hot war against a peer adversary in 77 years. It has not faced a hot war against a peer adversary capable of attacking its home soil in 157 years. Since that time, we have grown in population and gross domestic product, but we have also deindustrialized and offshored much of the capability that once made us “the Arsenal of Democracy.” In that same time, a new adversary has arisen, the first we have ever faced that has a larger population and economy than us.

Let’s explore what the next world war might look like, if the US, China, and Russia come to blows. This is a complex topic, so it might end up a multi-part series."
Please view the complete Part I of this article here:

Please view the complete Part II of this article here:

"The Decline and Fall of the American Empire"

"The Decline and Fall of the American Empire"
by Doug Casey

"As some of you know, I’m an aficionado of ancient history. I thought it might be worthwhile to discuss what happened to Rome and based on that, what’s likely to happen to the U.S. Spoiler alert: There are some similarities between the U.S. and Rome. But before continuing, please seat yourself comfortably. This article will necessarily cover exactly those things you’re never supposed to talk about - religion and politics - and do what you’re never supposed to do, namely, bad-mouth the military.

There are good reasons for looking to Rome rather than any other civilization when trying to see where the U.S. is headed. Everyone knows Rome declined, but few people understand why. And, I think, even fewer realize that the U.S. is now well along the same path for pretty much the same reasons, which I’ll explore shortly. Rome reached its peak of military power around the year 107, when Trajan completed the conquest of Dacia (the territory of modern Romania). With Dacia, the empire peaked in size, but I’d argue it was already past its peak by almost every other measure.

The U.S. reached its peak relative to the world, and in some ways its absolute peak, as early as the 1950s. In 1950 this country produced 50% of the world’s GNP and 80% of its vehicles. Now it’s about 21% of world GNP and 5% of its vehicles. It owned two-thirds of the world’s gold reserves; now it holds one-fourth. It was, by a huge margin, the world’s biggest creditor, whereas now it’s the biggest debtor by a huge margin. The income of the average American was by far the highest in the world; today it ranks about eighth, and it’s slipping.

But it’s not just the U.S. - it’s Western civilization that’s in decline. In 1910 Europe controlled almost the whole world - politically, financially, and militarily. Now it’s becoming a Disneyland with real buildings and a petting zoo for the Chinese. It’s even further down the slippery slope than the U.S.

Like America, Rome was founded by refugees - from Troy, at least in myth. Like America, it was ruled by kings in its early history. Later, Romans became self-governing, with several Assemblies and a Senate. Later still, power devolved to the executive, which was likely not an accident.

U.S. founders modeled the country on Rome, all the way down to the architecture of government buildings, the use of the eagle as the national bird, the use of Latin mottos, and the unfortunate use of the fasces - the axe surrounded by rods - as a symbol of state power. Publius, the pseudonymous author of "The Federalist Papers", took his name from one of Rome’s first consuls. As it was in Rome, military prowess is at the center of the national identity of the U.S. When you adopt a model in earnest, you grow to resemble it.

A considerable cottage industry has developed comparing ancient and modern times since Edward Gibbon published "The Decline and Fall of the Roman Empire" in 1776—the same year as Adam Smith’s "Wealth of Nations" and the U.S. Declaration of Independence were written. I’m a big fan of all three, but D&F is not only a great history, it’s very elegant and readable literature. And it’s actually a laugh riot; Gibbon had a subtle wit.

There have been huge advances in our understanding of Rome since Gibbon’s time, driven by archeological discoveries. There were many things he just didn’t know, because he was as much a philologist as an historian, and he based his writing on what the ancients said about themselves. There was no real science of archeology when Gibbon wrote; little had been done even to correlate the surviving ancient texts with what was on the surviving monuments - even the well-known monuments - and on the coins. Not to mention scientists digging around in the provinces for what was left of Roman villas, battle sites, and that sort of thing. So Gibbon, like most historians, was to a degree a collector of hearsay.

And how could he know whom to believe among the ancient sources? It’s as though William F. Buckley, Gore Vidal, H. L. Mencken, Norman Mailer, and George Carlin all wrote about the same event, and you were left to figure out whose story was true. That would make it tough to tell what really happened just a few years ago… forget about ancient history. That’s why the study of history is so tendentious; so much of it is "he said/she said."

In any event, perhaps you don’t want a lecture on ancient history. You’d probably be more entertained by some guesses about what’s likely to happen to the U.S. I’ve got some. Let me start by saying that I’m not sure the collapse of Rome wasn’t a good thing. There were many positive aspects to Rome - as there are to most civilizations. But there was much else to Rome of which I disapprove, such as its anti-commercialism, its militarism and, post-Caesar, its centralized and increasingly totalitarian government. In that light, it’s worth considering whether the collapse of the U.S. might not be a good thing.

So why did Rome fall? In 1985, a German named Demandt assembled 210 reasons. I find some of them silly - like racial degeneration, homosexuality, and excessive freedom. Most are redundant. Some are just common sense - like bankruptcy, loss of moral fiber, and corruption.

Gibbon’s list is much shorter. Although it’s pretty hard to summarize his six fat volumes in a single sentence, he attributed the fall of Rome to just two causes, one internal and one external: Christianity and barbarian invasions, respectively. I think Gibbon was essentially right about both. Because of the sensibilities of his era, however, he probed at early Christianity (i.e., from its founding to the mid-4th century) very gently; I’ve decided to deal with it less delicately. Hopefully neither my analysis of religion nor of barbarian invasions (then and now) will disturb too many readers.

In any event, while accepting Gibbon’s basic ideas on Christians and barbarians, I decided to break down the reasons for Rome’s decline further, into 10 categories: political, legal, social, demographic, ecological, military, psychological, intellectual, religious, and economic - all of which I’ll touch on. And, as a bonus, toward the end of this article, I’ll give you another, completely unrelated, and extremely important reason for the collapse of both Rome and the U.S.

You don’t have to agree with my interpretation, but let’s see what lessons are on offer from the history of Rome, from its semi-mythical founding by Romulus and Remus in 753 BCE (a story that conflicts with Virgil’s tale of Aeneas and the refugee Trojans) to what’s conventionally designated as the end of the Western empire in 476 AD, when the child-emperor Romulus Augustulus was deposed by Odoacer (a Germanic general who was in charge of what passed for the Roman army - which by then was staffed almost entirely with Germanic mercenaries who had no loyalty to the idea of Rome). It looks a lot like the American experience over the last couple of hundred years. First conquest and expansion, then global dominance, and then slippage into decline.

Political: It’s somewhat misleading, however, to talk about a simple fall of Rome, and much more accurate to talk about its gradual transformation, with episodes of what paleontologists describe as "punctuated disequilibrium." There were many falls.

Republican Rome fell in 31 BCE with the accession of Augustus and the start of what’s called the Principate. It almost disintegrated in the 50 years of the mid-3rd century, a time of constant civil war, the start of serious barbarian incursions, and the destruction of Rome’s silver currency, the denarius.

Rome as anything resembling a free society fell in the 290s and then changed radically again, with Diocletian and the Dominate period (more on this shortly). Maybe the end came in 378, when the Goths destroyed a Roman army at Adrianople and wholesale invasions began. Maybe we should call 410 the end, when Alaric - a Goth who was actually a Roman general -conducted the first sacking of Rome.

It might be said the civilization didn’t really collapse until the late 600s, when Islam conquered the Middle East and North Africa and cut off Mediterranean commerce. Maybe we should use 1453, when Constantinople and the Eastern Empire fell. Maybe the Empire is still alive today in the form of the Catholic Church - the Pope is the Pontifex Maximus wearing red slippers, as did Julius Caesar when he held that position.

One certain reflection in the distant mirror is that beginning with the Principate period, Rome underwent an accelerating trend toward absolutism, centralization, totalitarianism, and bureaucracy. I think we can argue America entered its Principate with the accession of Roosevelt in 1933; since then, the president has reigned supreme over the Congress, as Augustus did over the Senate. Pretenses fell off increasingly over time in Rome, just as they have in the U.S.

After the third century, with constant civil war and the destruction of the currency, the Principate (when the emperor, at least in theory, was just the first among equals) gave way to the Dominate period (from the word "dominus," or lord, referring to a master of slaves), when the emperor became an absolute monarch. This happened with the ascension of Diocletian in 284 and then, after another civil war, Constantine in 306. From that point forward, the emperor no longer even pretended to be the first among equals and was treated as an oriental potentate. The same trend is in motion in the U.S, but we’re still a ways from reaching its endpoint - although it has to be noted that the president is now protected by hundreds, even thousands, of bodyguards. Harry Truman was the last president who actually dared to go out and informally stroll about DC, like a common citizen, while in office.

In any event, just as the Senate, the consuls, and the tribunes with their vetoes became impotent anachronisms, so have U.S. institutions. Early on, starting with the fourth emperor, Claudius, in 41 AD, the Praetorians (who had been set up by Augustus) showed they could designate the emperor. And today in the U.S., that’s probably true of its praetorians - the NSA, CIA, and FBI, among others - and of course the military. We’ll see how the next hanging-chad presidential election dispute gets settled.

My guess is that the booboisie (the Romans called them the capite censi, or head count) will demand a strong leader as the Greater Depression evolves, the dollar is destroyed, and a serious war gets underway. You have to remember that war has always been the health of the state. The Roman emperors were expected, not least by their soldiers, to always be engaged in war. And it’s no accident that the so-called greatest U.S. presidents were war presidents - Lincoln, Wilson, and FDR. We can humorously add the self-proclaimed war president Baby Bush. Military heroes - like Washington, Andrew Jackson, Ulysses Grant, Teddy Roosevelt, and Eisenhower - are always easy to elect. My guess is that a general will run for office in the next election, when we’ll be in a genuine crisis. The public will want a general partly because the military is now by far the most trusted institution of U.S. society. His likely election will be a mistake for numerous reasons, not least that the military is really just a heavily armed variant of the postal service.

It’s wise to keep Gibbon’s words about the military in mind: "Any order of men accustomed to violence and slavery make for very poor guardians of a civil constitution."

Continued next week…"

Must Watch! Gregory Mannarino, "Situation Critical: Liquidity Is Quickly Drying Up, Prepare For A System-Wide Lockup!"

Gregory Mannarino, PM 8/31/22:
"Situation Critical: Liquidity Is Quickly Drying Up, 
Prepare For A System-Wide Lockup!"
Comments here:

Musical Interlude: 2002, “The Emerald Way”

Full screen recommended.
2002, “The Emerald Way”
“This is the title track to our album, ‘The Emerald Way.’ The Emerald Way refers to that moment in life when a pivotal choice must be made – to choose the way that is customary and expected of us – or to head down the overgrown hidden path leading to the unknown.”

"A Look to the Heavens"

“Like delicate cosmic petals, these clouds of interstellar dust and gas have blossomed 1,300 light-years away in the fertile star fields of the constellation Cepheus. Sometimes called the Iris Nebula and dutifully cataloged as NGC 7023 this is not the only nebula in the sky to evoke the imagery of flowers. Still, this remarkable image shows off the Iris Nebula's range of colors and symmetries in impressive detail. Within the Iris, dusty nebular material surrounds a hot, young star. 
 Click image for larger size.
The dominant color of the brighter reflection nebula is blue, characteristic of dust grains reflecting starlight. Central filaments of the dusty clouds glow with a faint reddish photoluminesence as some dust grains effectively convert the star's invisible ultraviolet radiation to visible red light. Infrared observations indicate that this nebula may contain complex carbon molecules known as PAHs. The bright blue portion of the Iris Nebula is about six light-years across.”
"Why Do We Look to the Stars?"

"The Cosmos is all that is or ever was or ever will be. Our feeblest contemplations of the Cosmos stir us - there is a tingling in the spine, a catch in the voice, a faint sensation of a distant memory, as if we were falling from a great height. We know we are approaching the greatest of mysteries.

For as long as there has been humans we have searched for our place in the cosmos. Where are we? Who are we? We find that we live on an insignificant planet of a hum-drum star lost in a galaxy tucked away in some forgotten corner of a universe in which there are far more galaxies than people. This perspective is a courageous continuation of our penchant for constructing and testing mental models of the skies; the Sun as a red-hot stone, the stars as a celestial flame, the Galaxy as the backbone of night.
The size and age of the Cosmos are beyond ordinary human understanding. Lost somewhere between immensity and eternity is our tiny planetary home. In a cosmic perspective, most human concerns seem insignificant, even petty. And yet our species is young and curious and brave and shows much promise. In the last few millennia we have made the most astonishing and unexpected discoveries about the Cosmos and our place within it, explorations that are exhilarating to consider. They remind us that humans have evolved to wonder, that understanding is a joy, that knowledge is prerequisite to survival. I believe our future depends powerfully on how well we understand this Cosmos in which we float like a mote of dust in the morning sky. Imagination will often carry us to worlds that never were. But without it we go nowhere."
- Carl Sagan
“Perhaps they are not stars, but rather openings in heaven 
where the love of our lost ones pours through and 
shines down upon us to let us know they are happy.”
~ Eskimo saying.

Chet Raymo, “The Spark of Life”

“The Spark of Life”
by Chet Raymo

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

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

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

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

The Poet: Theodore Roethke, "In a Dark Time"

"In a Dark Time"

"In a dark time, the eye begins to see,
I meet my shadow in the deepening shade;
I hear my echo in the echoing wood -
A lord of nature weeping to a tree. 
I live between the heron and the wren,
Beasts of the hill and serpents of the den. 

What’s madness but nobility of soul 
At odds with circumstance? The day’s on fire!
I know the purity of pure despair, 
My shadow pinned against a sweating wall. 
That place among the rocks - is it a cave,
Or winding path? The edge is what I have.

A steady storm of correspondences! 
A night flowing with birds, a ragged moon, 
And in broad day the midnight come again! 
A man goes far to find out what he is - 
Death of the self in a long, tearless night, 
All natural shapes blazing unnatural light. 

Dark, dark my light, and darker my desire. 
My soul, like some heat-maddened summer fly, 
Keeps buzzing at the sill. Which I is I? 
A fallen man, I climb out of my fear.
The mind enters itself, and God the mind, 
And one is One, free in the tearing wind."

- Theodore Roethke

Paulo Coelho, "Walking the Path"

"Walking the Path"
by Paulo Coelho

"I reckon that it takes about three minutes to read my text. Well, according to statistics, in that same short period of time 300 people will die and another 620 will be born. It takes me perhaps half an hour to write a text: here I sit, concentrating on my computer, books piled up beside me, ideas in my head, the scenery passing by outside my window. Everything seems perfectly normal all around me; and yet, during these thirty minutes, 3,000 people have died and 6,200 have just seen the light of the world for the first time.

Where are all those thousands of families who have just begun to weep over the loss of some dear one, or else laugh at the arrival of a son, grandson or brother? I stop and reflect for a while: perhaps many of these deaths are reaching the end of a long, painful sickness, and some persons are relieved that the Angel has come for them. Besides these, in all certainty hundreds of children who have just been born will be abandoned in a minute and transferred to the death statistics before I finish this text.

What a thought! A simple statistic that I came upon by chance – and all of a sudden I can feel all those losses and encounters, smiles and tears. How many are leaving this life, alone in their rooms, without anyone realizing what is going on? How many will be born in secret, only to be abandoned at the door of shelters or convents? And then I reflect that I was part of the birth statistics and one day I will be included in the toll of the dead. How good that is to be fully aware that I am going to die. Ever since I took the road to Santiago I have understood that although life goes on and we are eternal, one day this existence will come to an end.

People think very little about death. They spend their lives worried about really absurd things, putting things off and leaving important moments aside. They risk nothing because they believe that is dangerous. They grumble a lot, but act like cowards when it is time to take certain steps. They want everything to change, but they themselves refuse to change. If they thought a little more about death, they would never fail to make that telephone call that they have been putting off. They would be a little more crazy. They would not be afraid of the end of this incarnation – because you cannot be afraid of something that is going to happen anyway.

The Indians say: “today is as good a day as any other to leave this world”. And a sorcerer once remarked: “may death be always sitting beside you. That way, when you have to do something important, it will give you the strength and courage you need.” I hope, reader, that you have accompanied me this far. It would be silly to let the subject scare you, because sooner or later we are all going to die. And only those who accept this are prepared for life."

"Whatever Your Fate Is..."

"Whatever your fate is, whatever the hell happens, you say, “This is what I need.” It may look like a wreck, but go at it as though it were an opportunity, a challenge. If you bring love to that moment- not discouragement- you will find the strength there. Any disaster you can survive is an improvement in your character, your stature, and your life. What a privilege! This is when the spontaneity of your own nature will have a chance to flow. Then, when looking back at your life, you will see that the moments which seemed to be great failures, followed by wreckage, were the incidents that shaped the life you have now. You’ll see this is really true. Nothing can happen to you that is not positive. Even though it looks and feels at the moment like a negative crisis, it is not. The crisis throws you back, and when you are required to exhibit strength, it comes."
~ Joseph Campbell

The Daily "Near You?"

Columbia, Tennessee, USA. Thanks for stopping by!

"The Real Estate Crash Will Be Worse Than 2008"

Full screen recommended.
Dan, iAllegedly, 8/31/22:
"The Real Estate Crash Will Be Worse Than 2008"
"Experts agree that there is not a housing shortage. We have a glut of homes for sale. Especially new construction. Builders are going to have so many homes that will not be completed and that will be given away at a reduced price."
Comments here:

"Of All Tyrannies..."

"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience. They may be more likely to go to Heaven yet at the same time likelier to make a Hell of earth. This very kindness stings with intolerable insult. To be "cured" against one's will and cured of states which we may not regard as disease is to be put on a level of those who have not yet reached the age of reason or those who never will; to be classed with infants, imbeciles, and domestic animals. "
- C.S. Lewis

Bill Bonner, "Laudate Dominum II"

"Laudate Dominum II"
More tales from the French countryside,
 including a racy dinner table exchange...
by Bill Bonner

Poitou, France - "As we parted yesterday, we were describing a recent wedding. We continue our report on life in rural France… as rambling and inconsequential as a Karine Jean-Pierre press conference.

“Nobody wants to hear it… my daughter is appalled when I bring it up,” began a dinner companion, “but marriage still matters. To men and women. Marry well and you have someone to help you through life’s rough patches. Marry badly, and you get dragged down into a kind of hell on earth.”

It was nearly midnight. We were having dinner under the tent. The small talk had been drained away like the bottle of red wine in front of us. We knew the names and family circumstances of the three women around us. All were attractive, middle-aged… one was beautiful. All, like us, had lived in the same area of Paris and sent our children to the same school. Those children, now in their 20s and 30s, became the subject of conversation.

The woman to our right, the beautiful one, wasted no words. “I tell my daughter that she is delusional… but she won’t listen. She is with a woman. She says she’s not a lesbian; she just likes this woman. But I’ve met the woman. She isn’t even attractive. I tell my daughter that what she is doing is unnatural. I tell her she has to get serious about finding a husband and having a family. But now she says that she and her ‘partner’ are going to have a baby. I don’t even know how that is possible. I’m almost afraid to ask.”

“I remember how hard it was…,” volunteered another member of our little group. “I had a husband. He didn’t help much around the house. But he was there when I needed him. And he earned enough money so I didn’t have to work. Even so, with the two of us, raising a family was still difficult. I can’t imagine trying to do it alone.”

The beautiful one: “Today, a lot of people don’t want to get married. They think the customs of the past – our customs – are stupid or unnecessary. They think they are so smart, they don’t need any help in life… or that the government will take care of them.”

But we need to back up.

Affairs of the Heart: When we left you yesterday, the bride was just walking down the aisle. Even before the church bells tolled, the wedding had already been underway for months. These are large affairs with many moving parts. There are caterers to be engaged… music (live or recorded)… a tent must be rented… cars must be parked… speeches prepared…and invitations sent out. The wedding is not just a union of two young people who thought it might be a good idea. It joins two families… two pools of DNA to be mixed together to produce a whole new strain. And each family has its own ‘culture.’ Are bride and groom well suited to each other? Just read the invitation...

The invitation typically includes each family’s bona fides. If there is a “de” in the name, you immediately know you are dealing either with an old, aristocratic family… or one that got jumped up during the 19th century. “De” means ‘of’ and it connects a person to a property, presumably one that has been in the family for a long time.

The names tell a story too… there are old French names… there are more modern names... and there are foreign names. Since the creation of the European Union it is common to see “mixed” marriages. The ceremony on Saturday brought together a family from Munich with a local family from France. The story of how they got together was complicated enough that we lost track of it. But the father of the bride gave a delightful speech in a German accent… and, after a few drinks, danced a heel-slapping jig in the Bavarian style.

Next weekend we will attend a marriage of a French boy to a ‘Spanish’ girl. But that is another feature of these marriages; they emphasize regional particularities. The girl is from the area around Barcelona, so the invitation is printed in bi-lingual edition, French and Catalan.

The invitation also provides other telling information. Grandparents and parents are included, with their honorifics. If a grandfather received the Legion of Honor, for example, it will be mentioned. Titles, too, are prominently displayed – the Count of this… Marquis of that… Barons…Viscounts – all the old distinctions, like dusty uniforms from the Napoleonic wars, are brought out of the closets.

Military men come to these events in full dress uniform, with all their medals displayed. The son of our friends has been in gendarmerie for many years – taking part in peace-keeping operations in several African and Middle-Eastern countries. His chest was so heavily bedecked we were afraid he might pitch over forward.

Lost in Translation: After the ceremony, the newly married couple drive off in an old car… followed by a hundred or so other cars. All head to the reception, usually held at the bride’s family pile. Typically, the father of the bride has been at work for months, preparing the lawn… the flowers… painting windows… repairing gates.

We were each handed a glass of punch on arrival. Then, we made our way to the garden. There was a 3-piece band in the corner. Tables were set up with drinks… and hors d’oeuvres. It was only after a very long time of standing around, drink in hand, chatting with other guests that we were ushered to the tent.

In Latin America, couples are always seated together. In France they never are, with one exception – newlyweds. The young married couple took their place at the center of a long table facing towards the entry to the tent. Everyone else sat at tables set perpendicular to it, with each place chosen by the hosts. If you are lucky, you are seated with interesting, jolly companions at your side. If not, the evening can be very long. You might find yourself next to a bitter scold who wants to check your vaccination card… and whose husband just ran off the maid.

The challenge of making polite conversation for hours on end is compounded for your editor; he doesn’t hear very well… and though he is no stranger to the French language, a large crowd, all talking at the same time, can make it hard to follow the gist of the discussion. So, he is likely to respond inappropriately.

She: “I lost my husband to cancer two years ago.”
He: “Well…there are plenty of pet stores.”
She: “No…I said, my ‘husband.’”
He: “What’s the matter; doesn’t he like dogs?”
She: “You are very amusing.”
He: “I had a cocker spaniel. He thought he was a chicken. Then, he got hit by a garbage truck.”
She: “I suppose your wife was very upset.”
He: “No, but she missed the eggs.”

No Differences, No Rules: Men and women are supposed to entertain each other, to flirt modestly and lament the state of the nation, until the speeches begin later in the evening. But at our table, after the introductions and warm-ups, the conversation turned serious.

“I tell my daughter to find a nice guy from our ‘group’… you know from a good family… that she can settle down with,” continued the blonde woman on our right. “She doesn’t want to hear it. She doesn’t believe there are any ‘groups’… no differences… and no rules.”

The dark-haired woman in front of us had already told us that she had three daughters… all in their 20s… none of whom seemed eager to get married. “They don’t even have serious boyfriends. They don’t seem to believe in it. And when I meet one of their ‘amis’ I am sometimes shocked; they are nice enough, I guess, but not at all the sort of person you could build a life with.”

“Well, at least they’re men,” replied the blonde. “I don’t know what’s gotten into this generation. They think they can do whatever they want. If they’re a girl, they think they can be a boy. They don’t think they have to worry about their careers. Or about getting married. Or about having children. They don’t think there is anything that we would call ‘human nature.’ And no lessons from the past that might help us in the future. They must think that everybody who came before them – all their countless grandparents and ancestors, including us – were idiots.

My daughter tells me she is in love with this other girl. She even talks about getting married to her. I tell her, ‘You can love your cat. But you can’t marry your cat. Marriage is between men and women. It’s what makes the world go ‘round.’”

“I was just reading an account of the settling of America by the pilgrims at Plymouth Rock,” we edged into the conversation. “There was a young man who apparently liked animals so much, he had sex with them. A mare. A cow. A goat. The pilgrims thought this was an inexcusable sin. They slaughtered the animals, burnt them, and hung the young man.”

“I don’t know…” the blonde came back at us, “but that story does not make me feel better about my daughter.”

"How It Really Is"

Meh...

"Strange Prices At Big Lots! This Is Crazy!"

Full screen recommended.
Adventures with Danno, 8/31/22:
"Strange Prices At Big Lots! This Is Crazy!"
"In today's vlog we are at Big Lots, and are noticing some strange 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!"
Comments here:

"The West: Back To The Dark Ages"

"The West: Back To The Dark Ages"

What...
Full screen recommended.
"Europe's Energy Crisis May Last For 'Many Winters'"
"For the past few months, the sense in Europe seems to have been that the energy crisis will magically vanish after the coming Winter season. A narrative has been created that suggests Europe’s energy woes will resolve themselves after the continent survives the coming cold season. However, a contrarian argument – which is much more realistic, has begun being made. Europe’s energy crisis is here to stay- for several years. So, many coming winters could, in fact, be excruciating for ordinary Europeans. That puts Russia at a distinct advantage to leverage its way out of the sanctions imposed on it by the European Union. Faced with several years of difficulty, European nations will ultimately choose their own welfare and energy security over their empathy for Ukraine. Watch to know more."
Related:
How And Why...
Full screen recommended.
"Did Russia Just Hit a Jackpot in Ukraine?"
"A lot of questions arise out of Russia’s invasion of Ukraine. Why did Russia invade Ukraine, to begin with? Was it due to NATO’s supposed expansion in Eastern Europe, and talk of Ukraine eventually becoming a member of the U.S.-led military alliance against Russia? Was it because alleged “neo-Nazi” elements took control of Ukraine, forcing Russia to launch what it calls the “denazification” of the country? Or was it because Vladimir Putin saw an opening with the exit of Donald Trump to exert Russian hard power in Europe? While these questions answer most of our questions, these are not all. Ukraine has natural resources worth several trillions of dollars, and this is starting to emerge as one of the reasons why Russia crossed over to the other side. Watch to know more."
Consequences...
Tucker Carlson, 
"Europe: Back To The Dark Ages, 
Things Are Falling Apart Very Quickly"

Here's what's coming, Americans...

"The Worst and the Stupidest?"

"The Worst and the Stupidest?"
by Victor Davis Hanson

"Elites have always been ambiguous about the muscular classes who replace their tires, paint their homes, and cook their food. And the masses who tend to them likewise have been ambivalent about those who hire them: appreciative of the work and pay, but also either a bit envious of those with seemingly unlimited resources or turned off by perceived superciliousness arising from their status and affluence.

Yet the divide has grown far wider in the 21st century. Globalization fueled the separation in a number of ways. One, outsourcing and offshoring eroded the rust-belt interior, while enriching the two coasts. The former lost good-paying jobs, while the latter found new markets in investment, tech, insurance, law, media, academia, entertainment, sports, and the arts making them billions rather than mere millions.

So, the problem was one of both geography and class. Half the country looked to Asia and Europe for profits and indeed cultural “diversity,” while the other half stuck with tradition, values, and custom - as they became poorer.

The elite found in the truly poor - neglecting their old union-member, blue-collar Democratic base - an outlet for their guilt, noblesse oblige, condescension at a safe distance, call it what you will. The poor if kept distant were fetishized, while the middle class was demonized for lacking the taste of the professional classes, and romance of the far distant underclass.

Second, race became increasingly divorced from class - a phenomenon largely birthed by guilty, wealthy, white elites and privileged, diverse professionals. For the white bicoastal elite, it became a mark of their progressive fides to champion woke racialism that empowered the non-white of their own affluent class, while projecting their own discomfort with and fears of the nonwhite poor onto the middle class as supposed “racists,” despite the latter’s more frequently living among, marrying within, and associating with the “other.”

The net result was more privilege for the elite and wealthy nonwhites, more neglect of the inner-city needy, and more disdain for the supposedly illiberal clingers, dregs, deplorables, chumps, and irredeemables.

The results of these contortions were surreal. The twentysomething who coded a video game that went viral globally became a master of the universe, while the brilliant carpenter or electrical contractor was seen as hopelessly trapped in a world of muscular stasis. Oprah and LeBron James were victims. So were the likes of Ibram X. Kendi, Ilhan Omar, and the Obamas, while the struggling Ohio truck driver, the sergeant on the frontline in Afghanistan, and Indiana plant worker became their oppressors. Or so the progressive bicoastal elite instructed us.

Globalization and its geography, along with the end of ecumenical class concerns, certainly widened the ancient mass-elite divide. But there was a third catalyst that explained the mutual animosity in the pre-Trump years. The masses increasingly could not see any reason for elite status other than expertise in navigating the system for lucrative compensation.

An Incompetent Elite: In short, money and education certification were no longer synonymous with any sense of competency or expertise. Just the opposite often became true. Those who thought up some of the most destructive, crackpot, and dangerous policies in American history were precisely those who were degreed and well-off and careful to ensure they were never subject to the destructive consequences of their own pernicious ideologies.

The masses of homeless in our streets were a consequence of various therapeutic bromides antithetical to the ancient, sound notions of mental hospitals. The new theories ignored the responsibilities of nuclear families to take care of their own, and the assumption that hard-drug use was not a legitimate personal-choice, but rather a catastrophe for all of society.

From universities also came critical race theory and critical legal theory, which were enshrined throughout our institutions. The bizarre idea that “good” racism was justified as a get-even-response to “bad” racism, resonated as ahistorical, illogical, and plain, old-fashioned race-based hatred.

The masses never understood why their children should attend colleges where obsessions with superficial appearances were celebrated as “diversity,” graduation ceremonies matter-of-factly were segregated by race, dorms that were racially exclusive were lauded as “theme houses,” Jim-Crow-style set-aside zones were rebranded “safe spaces,” and racial quotas were merely “affirmative action.”

Ancient notions such as that punishment deters crime were laughed at by the degreed who gave us the current big-city district attorneys. Their experiments with decriminalizing violent acts, defunding the police, and delegitimizing incarceration led to a Lord of the Flies-style anarchy in our major cities. Note well, those with advanced or professional degrees who dreamed all this up did not often live in defunded police zones, did not have homeless people on their lawns, and found ways for their children to navigate around racial quotes in elite college admissions.

So, the credentialed lost their marginal reputations for competency. Were we really to believe 50 former intelligence heads and experts who claimed Hunter Biden’s laptop was “Russian disinformation”? Even if they were not simply biased, did any of them have the competence to determine what the laptop was?

Or were we to take seriously the expertise of “17 Nobel Prize winners” who swore Biden’s “Build Back Better” debacle would not be inflationary as the country went into 9 percent plus inflation? Did we really believe our retired four-stars that Trump was a Nazi, a Mussolini, and someone to be removed from office “the sooner the better”?

Or were we to trust the 1,200 “health care professionals” who assured us that, medically speaking, while the rest of society was locked down it was injurious for the health of people of color to follow curfews and mask mandates instead of thronging en masse in street protests?

Or were we to believe Kevin Clinesmith’s FISA writ, or Andrew McCabe’s four-time assertion that he did not leak to the media, or that James Comey under oath really did not know the answers to 245 inquiries? Did Robert Mueller really not know what either the Steele dossier or Fusion GPS was?

Middle Class Competence: On the operational level, the elite proved even more suspect. Militarily, the middle classes in the armed forces proved as lethal as ever, despite being demonized as racists and white supremacists. But their generals, diplomats and politicians proved so often incompetent in translating their tactical victories in the Middle East and elsewhere into strategic success or even mere advantage.

Nationally, the failure of the elite that transcends politics is even more manifest. The country is $30 trillion in debt. No one has the courage to simply stop printing money. The border is nonexistent, downtown America is a No Man’s Land, and our air travel is a circus - and not an “expert” can be found willing or able to fix things. Is Pete Buttigieg the answer to thousands of canceled flights or backed-up ports? Is Alejandro Mayorkas to be believed when he assures the border is “closed” and “secure” as millions flood across?

The universities are turning out mediocre graduates without the skills or knowledge of a generation ago, but certainly with both greater debt and arrogance.

Our bureaucratic fixers can only regulate, stop, retard, slow-down, or destroy freeways, dams, reservoirs, aqueducts, ports, and refineries - and yet never seem to give up their own driving, enjoyment of stored water, or buying of imported goods.

Is it easier to topple than to sculpt a statue? A generation from now, in the emperor has no clothes fashion, someone may innocently conclude that most “research” in the social sciences and humanities of our age is as unreliable as it is unreadable, or that the frequent copy-cat Hollywood remakes of old films were far worse than the originals.

Does anyone think a Jim Acosta is on par with a John Chancellor? That Mark Milley is equal to a Matthew Ridgway? Is Anthony Fauci like a Jonas Salk or an Albert Sabin? Yet this lack of competence and taste among the elite is not shared to the same degree in a decline of middle-class standards.

Homes are built better than they were in the 1970s. Cars are better assembled than in the 1960s. The electrician, the plumber, and the roofer are as good or better than ever. The soldier stuck in the messy labyrinth of Baghdad or on patrol in the wilds of Afghanistan was every bit as brave and perhaps far more lethal than his Korean War or World War II counterpart.

How does this translate to the American people? They navigate around the detritus of the elite, avoiding big-city downtown USA.

They are skipping movies at theaters. They are passing on watching professional sports. They don’t watch the network news. They think the CDC, NIAID, and NIH are incompetent - and fear their incompetence can prove deadly.

Millions increasingly doubt their children should enroll in either a four-year college or the military, and they assume the FBI, CIA, and Justice Department are as likely to monitor Americans as they are unlikely to find and arrest those engaged in terrorism or espionage.

When the elite peddles its current civil-war or secession porn - projecting onto the middle classes their own fantasies of a red/blue violent confrontation, or their own desires to see a California or New York detached from Mississippi and Wyoming - they have no idea that America’s recent failures are their own failures.

The reason why the United States begs Russia, Iran, Venezuela, and Saudi Arabia to pump more oil is not because of lazy frackers in Texas or incompetent rig hands in North Dakota, but because of utterly incompetent diplomats, green zealots, and ideological “scientists.”

Had the views of majors and colonels in Afghanistan rather than their superiors in the Pentagon and White House prevailed, there would have been no mass flight or humiliation in Kabul.

Crime is out of control not because we have either sadistic or incompetent police forces but sinister DAs, and mostly failed, limited academics who fabricated their policies.

Current universities produce more bad books, bad teaching, bad ideas, and badly educated students, not because the janitors are on strike, the maintenance people can’t fix the toilets, or the landscapers cannot keep the shrubbery alive, but because their academics and administrators have hidden their own incompetence and lack of academic rigor and teaching expertise behind the veil of woke censoriousness.

The Naked Emperors’ Furious Search for Fig Leaves: The war between blue and red and mass versus elite is really grounded in the reality that those who feel they were the deserved winners of globalization and who are the sole enlightened on matters of social, economic, political, and military policy have no record of recent success, but a long litany of utter failure.

They have become furious that the rest of the country sees through these naked emperors. Note Merrick Garland’s sanctimonious defense of the supposed professionalism of the Justice Department and FBI hierarchies - while even as he pontificated, they were in the very process of leaking and planting sensational “nuclear secrets” narratives to an obsequious media to justify the indefensible political fishing expedition at a former president’s home and current electoral rival to Merrick Garland’s boss.

The masses increasingly view the elites’ money, their ZIP codes, their degrees and certificates, and their titles not just with indifference, but with the disdain they now have earned on their own merits. And that pushback has made millions of our worst and stupidest quite mad."