Debt Rattle June 10 2022
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James Ensor The oyster eater 1882 • Washington Starts Blame Game Over Defeat In Ukraine (MoA) • We’re Almost Out Of Ammunition And Relying On W
[See the full post at: Debt Rattle June 10 2022]VAIDS has arrived in the UK – and they’re completely clueless!
Remember – it’s summer! Hahaha.“We’re all sick, or if we’re not sick we are recovering from being sick, or we are about to get sick.
Beneath what’s become the hidden pandemic lie tales of pain and anguishPeople are getting Covid twice, or recovering from Covid, then getting some other sickness pretty much straight away, or they are not recovering; their sickness is lingering into days of double digits (one person I know has been sick for 54 days!).”
Now – go get ‘yer booster!
🤡☠️🤡And the consequences of this additional cost are the inflation – as energy cost increases drive up the cost of every product and service which uses energy – and the stagnation – as ever more of us are obliged to switch spending away from discretionary purchases in order to manage the rising cost of essentials – which is set to plunge the western economies into a depression worse than the 1930s.
Are we heading for a global economic slump, or can current problems be explained away in terms of ‘non-recurring events’, such as the war in Ukraine?
Do the authorities have the tools and the understanding required to navigate the current economic storm? And what is the outlook for inflation?
These are valid questions, and I’m well aware that, whilst many visitors to this site are interested in economic principles, theory and detail, others prefer succinct statements of situations and prospects.
That’s understandable – these are deeply worrying times.
The aim with what follows is to (a) set out a brief summary of the economic and financial outlook, as seen through the prism of the SEEDS economic model, followed by (b) a succinct commentary on how these conclusions are reached.
I woke up from a dream last night where Russia had captured Volodimir Zelensky, put him on trial, convicted him, and then offered to trade him for Julian Assange.
If you usually skip me, this might be a good one to read anyway.
Thinking, okay, here we are 6 months to a year later, still nothing is being unloaded off the ships. Really? And this is still an accident, the type of accident that never happened before in history?
No. So what if…
We know the U.S. is bankrupt, they are so broke they’re stealing oil ships. Again. They’re “giving” $40B to “Ukraine” but that’s really just what you do with the money you already have: launder it for the midterms. So pretend with me here: WHO is bankrupt? It would seem to be the PRIVATE system, or let’s just say the private-side of the united fascist system. Because it would seem the U.S. still has some latitude in getting $40B and moving it.
So IF the U.S. private payment system is bankrupt, how are they holding it together? Well, with $2,000 Billion cash every night in Repos for one. Does that confirm some stress? They are check-kiting Treasuries between “banks”, or, since they are really all-one united authoritarian structure, between “accounts”.
So IF you are broke, and the broke has started, cracked, in the private system – the large-size private system – THEN what would you do? How do you get the stress off? Well, you could shut down the economy while you repair. That reduces commercial demands. It also stops the external payments to, say, China and Russia. Okay, what next?
What IS bankruptcy? What do you do there? We think of “bankruptcy” as when you file, the day you give up and throw in the towel, but that never happens for nation-states. They always have to get up again tomorrow. So if you’re ABOUT to go bankrupt, or are check-kiting and account-cycling to keep the illusion going, what do you do?
Well one thing you could do is that you can’t pay everyone. So you definitely pay all your friends (Pharma and War) and NOT pay your enemies (China and Russia). Has the U.S. done this?
YES.
On the one side, we “Sanctioned” Russia, on everything. Money was still draining out. So we had all Europe “Sanction” Russia along with us, so money wouldn’t keep disappearing from there. We have conjoined banking systems, so we have conjoined leaky buckets. At the same time, what happened with China? We stopped the money drain by shutting down demand. And now? There IS all kinds of “demand” but no delivery.
OR, you might say that maybe we are UNABLE to pay China. Or to pay in the way they want and ask of us. Like in unencumbered US Treasuries that aren’t hypothecated counterfeits? Or, as Russia has been more public about, even in Yuan or gold? Would THAT lead to a year-long standoff of unloading goods in U.S. ports?
YES.
So maybe this: the “U.S.” – and we think sloppy here, WHO in the U.S.? – the U.S. Commercial Banks like Citi and Bank of America, clear the ships to leave Shanghai by showing the account escrow. But when the ships arrive, BoA suddenly can’t find that $1B x 500 ships anchored off Long Beach and says there were “payment problems.” The shipowner says, “Fine. We’re not steaming back, but obviously you can’t act like Europe and just think you’re going to have goods delivered without paying.” (In Yuan, oil, wheat?) BoA says, “No problem old pal! I gots the money right here in the couch cushions!” Then slow-walks every. Single. Unloading. In order to harbor every nickel they can. Because they’re broke. They have to make decisions as to WHO to pay? You want Oil? Or Chatty Cathy dolls? Or in our case, oil, chips, car parts, diesel additive…that is, we already triaged the useless stuff, everything that’s not being shipped right now breaks something else.
And every BODY has been triaged as well. D.C.? Still all ten richest zip codes. Home Depot? Doing fine. “Pa’s Leftover Hardware ‘n Stuff” in Gleason Missouri? Shut down for Covid, then shut down for financing, then shut down for inventory. While all their golfing pals borrow from Powell at 1% and do bidding wars, driving (used) cars up to $100,000. Hunter’s hooker PPP’d $20k. Pa’s Crab Shack gets a $20k BILL.
See what I mean?
Okay, if the U.S. is broke – and they definitely are – what else can they do? Well, like any bankruptcy, the accounts are being drained with immovable costs, that’s bad. But also are there any holes that are very dangerous? Yes, the London gold is not allowed to be removed (what was that, Austria?), but we still have to move gold to keep the ILLUSION there is any market whatsoever. To the idiots who still believe they MIGHT get paid. No market = no way to hijack and lie about the price, remember. So they are in constant drain of small amounts of gold there. Crazy? Wiki “London Gold Pool”, 1968.
Well, they’ve already tightened the screws beyond all caution there, shutting it down, kicking out anyone who takes delivery, but gold is still leaving, because, it has to: that’s the nature of scams and ponzi schemes, where a frosting of money must be mailed to investors each day. Where is the gold going TO? Is there anywhere else we can stop it? You know, with bombing, murders, assassinations, coup d’etats…?
Russia has been draining gold and it’s hard not to have them discredit you if they don’t get it. London has to APPEAR to deliver gold, but they don’t have any, so somehow we need Russia to not RECEIVE their gold. Or their US Treasuries. Or their gilts. See the picture now?
Sanctioning Russia – and we noted when they were shut off, voluntarily, they both accepted gold and pegged gold to the Rouble. London then stopped Russia from RECEIVING gold from any one of any vassal state on earth, but not allowing anyone ELSE their gold. To forestall a gold/commodity/trade standard. Again. Because gold payment would be REAL. And we are the Empire of Lies.
Does Europe committing open, bloody, public suicide make more sense now? It’s not that they’re obeying the United States. It’s not that they don’t know or don’t want to pay.
IT’S THAT THERE IS LITERALLY NO MONEY. They can’t pay Russia what they don’t have. The attempt will collapse the entire West, every power structure, every seat, every government. All the banks, the oligarchs. All the blackmail, the extortion. All the old murders somebody still knows about. All the private plane flights to Caribbean islands. All of it.
Is that worth a war over?
But they also can’t NOT do it. They all DID have to create Rouble accounts, because they MUST. And have. There are some 200 accounts in violation of the EU, which means Brussels no longer exists. The EU Bureau-dictators already cracked and are not in charge. Unless they’re going to shutter BMW for buying Russian gas, somehow? Like they used to be able to only a few years ago with Volkswagen?
So this is simple: They went bankrupt. ALREADY. On the “Private” side. Powell is furiously bailing out the broadside hole with $2T/night. That is, $2T every 12 hours. Since Sept 2019. What are they DOING with it? They are sheltering bankruptcy by deciding WHO gets paid…and who doesn’t. They have slowed the business down many-fold to try to maintain control of their check-kiting and ever-expanding frauds.
AND HAVE STOPPED ALL BUSINESS PURCHASES under some dumb premise while still creating enough illusion to their other suppliers that they’re not broke. When they decidedly are. Irreversibly. Or admit to their own people, who will stop obeying and hang them. Immediately.
All under Joe Biden, because they pulled the levers thinking Cheeto would be sitting there in 2021.
That’s why all the world’s ships are sitting in our harbors, not unloading. Does that all make sense now?
And whadda they gonna do? Tell you? “Stopping the bank run” is why they did this in the first place. Back when collapse was showing up in Wall Street. Sept 2019. Funny old date, that. Somehow, like the $5trillion missing from the Pentagon budget on 9-10, we somehow all forget in 2020, 2021, that Wall Street was broadsided, sinking, in Sept 2019. I didn’t forget. But I also have to wonder/can’t figure out, when was it ever going to matter?
Still not yet, I guess. Another day of another week of another month, the truth doesn’t matter. Reality is suspended another day. Forever? Or does Nature bat last?
Book review by Helmer: Klimat, Russia in the Age of Climate Change by Thane Gustafson
… This is climate change as a war weapon – not the science of global warning, but the idea that because of it, Russia in general, Putin in particular, are doomed to collapse. “Climate change is not the cause of these problems. It is a catalyst. Through the internal and external costs it will increasingly impose on Russia, it will precipitate the end of Russia’s hydrocarbon model, while denying it the revenues and resources it will need to bring about change.”
THE US WAR IN EUROPE ISN’T HOT ENOUGH – DROPPING THE CLIMATE BOMB ON RUSSIA
THE US WAR IN EUROPE ISN’T HOT ENOUGH – DROPPING THE CLIMATE BOMB ON RUSSIA
F.S.
“U.S. Lacks a Clear Picture of Ukraine’s War Strategy,”
We have satellites, we are in complete info-sharing with Ukraine. For 8 years. We are directing their every move…but we ALSO have no idea what’s going on on the ground. Never heard of this Ukraine War thingie before! Schrodinger’s Reality a la carte. JHC people actually buy this trollop. Well, they believe Socialism works and 100 men who brought ZERO weapons are equal to the attack on Pearl Harbor, so clearly Einstein was right: Human stupidity really is infinite.
“Ukraine’s deputy head of military intelligence has said Ukraine is losing against Russia”
What? But they told me they were winning. Just like the Info director told me Russians had time to rape 6-month-olds. So wait: everything Ukraine, NYT, Guardian, NPR, BBC, CBC, Joe, Justin, and BoJo said was all a big fat lie???
“Europe is also delivering lower-calibre shells but as Europe runs out, the amount is getting smaller.”
That’s because Europe is broke.
“I do not believe it is necessary, in the current context, to provide any guarantees whatsoever to Russia on our military posture in the region.”
Wouldn’t matter if you did. You are Not-agreement-capable and no one would believe you.
This is similar to Russia and peace talks right now. The US/UN is holding them. Russia is not. Russia just sends an observer to the clown show. So the US is negotiating WITH ITSELF, that is, its own capital city Kiev, off in a corner in a straitjacket, talking to itself, while Russia goes out in the field and does work.
https://mediacloud.theweek.com/image/private/s–g7o4TmT7–/f_auto,t_single-media-image-desktop@1/v1608450028/stg071317_color.jpg
(BTW this popular cartoon has been essentially purged off Google and the Internet.)Doesn’t that just tell you everything? Why would Russia even attend a peace talk with someone incapable of keeping a treaty? Ever? Oh, out of sheer Russian politeness and to watch the entertainment while drinking vodka to share amusing train-wreck anecdotes when they return to Moscow. The usual. Same as every other year, if you’re Russian. Those craaaa-zie Westerners. Always up to something. And “something” is usually dreaming that they can murder slavs and conquer Russia.
“claiming that the current president can waive the executive privilege of a former president.”
I say yes!!!! DO this thing! Then when the GOP return someday, they can release everything YOU have ever done. It works both ways, fools.
But it was really about arresting the opposition party, since we are Ukraine now and ruled by Kiev. Making all opposition parties illegal is “Democracy”. GOP frontrunner in Michigan was just arrested so he can’t run in the Congressional election. I’m sure that’ll make everybody up there super happy and not suspicious at all. Especially as we always arrested HRC for 100,000 accounts of revealing emails, and Joe for receiving $1M from Moscow before claiming on camera he was illegally extorting Kiev for personal profit. –That money he was holding up over the Ukr investigator was given by CONGRESS. Joe had no right to interfere with it. Or Mad Max saying they must go to Judges and Representatives’ restaurants, to their houses armed and protesting. Or when Comey said he won’t bring charges before the election…which was illegal, as he is not the prosecutor, he is supposed to refer evidence. …Just for four examples. Totally fair, you can see the FBI is not election-interfering at all.
And the American people will totally, totally believe them.
Here’s the problem: what are civil wars? It’s when two different GOVERNMENTS, two different factions in the SAME government, walk into Parliament and both say “ARREST THAT MAN!” Then the FACTIONS of police, military, each line up and arrest the OTHER guy’s man, and protect their own. THAT is what the FBI just did in Michigan. Arrested everyone in the opposition party. Pretty dangerous. But they’ve done everything else they could think of to start the civil war and the Right isn’t biting. We’re on what? 11 of the last 12 shootings were leftists, starting way back with Bernie Bros shooting all Congress on the baseball field?
If they can start a civil war, they win. They might or probably will get away with the crime. And since they’re a death cult, get to watch us all shoot each other. So the other side has to somehow gain control without a civil war. That can mean interminable stalling, however, and near-constant stress and frustration. However, one other thing: IF the war ever breaks out, they will win. Why? Because they have slowly developed, then maintained, the constant moral high ground. Of constant law and forbearance. That’s not a “win” exactly, you still lose the city, but we can be certain how the story ends at the beginning, for what little that’s worth.
“January 6th was not simply a protest, it represented the greatest movement in the history of our Country to Make America Great Again.”
If you ever thought Trump was working for the bad guys, the other wing of the bird leading us to the same nest, here would be your proof. Okay man, I’ll watch.
“Clearly, these leaders are using over-heated rhetoric and do not support violence. They no more want true revolution than Sen. Chuck Schumer was calling for the killing of Justices Brett Kavanaugh”
C’mon. Really? They know their followers WILL try to have an actual, burning-twelve-cities revolution where we weld the Feds into the office in Portland and light them on fire, then go to Brett’s house and murder him and his family. Yesterday. Again. It’s not “Rhetoric”. It’s “Plausible Deniability” while expressly calling for and demanding such attacks. How can I know? That I’m not just being partisan? Because as soon as it happens they would reverse their rhetoric completely and permanently so as not to be misunderstood or blamed. They haven’t. They have increased it dramatically. Therefore, they know and completely approve.
“What is it going to take to get Americans rioting in the streets?” –Nancy Pelosi, 2021
So yeah: another day, another Leftist murder attempt. With a gun. But I thought they were against those? Guns kill people?
For a kicker, WHY did he do this? Well from one perspective, he was going to kill Kavanaugh to defend mothers killing 25 million babies. Mostly black. We kill only to protect more killing. It’s religion. …From one perspective.
“Unfunded State Pension Liabilities Grow to $8.28 Trillion (JTN)”
The U.S. is completely broke and has collapsed. They are merely hiding this collapse for a little while.
“ Welsh Schools to Feed Primary Students Insects (VT)”
You are what you eat. Our alien overlords apparently would prefer us to act like the emotionless insect drones that they are. Or something. But if I’m wrong, why does the theory fit so well?
Condensed Dr. D:
“Since Sept 2019”
It all started then with Overnight Repo Operations coincidental with coronavirus “popping” up in China or Seattle, take your pick, and soon followed by another round of $2 trillion+ Quantitative Easing by December 2019.
But yeah:
“Since Sept 2019”
Taking credit for what’s gonna happen, anyways, and spinning it like it’s a good thing. (We’re fixing the climate!)
So how much gold do Americans have at the bottom of lakes and coastal waters?
Oh- and Zelenskyy wants those weapons because they’re as good as gold on the black market. Whatever else is wrong with him, he has extreme myopia, complicated by the greed that accompanies a dire need for an exit.“All under Joe Biden, because they pulled the levers thinking Cheeto would be sitting there in 2021.”
Greer (?) cast a horoscope for the next president (I think) and said it looked really bad. Maybe the Trumpsters played the Bidenites, and gave the election to the foggy one. Multi-d chess, after all?The best laid plans of psychopaths gang aft agley.
After a first quick read of DrD (always appreciated), I guess this is what is Hemingway meant by, “How did I go bankrupt? Slowly at first, then all of the sudden”. You can only ay whack-a-mole so long. More moles moving more quickly. Reread later…
Re the shipping “logjam”, Kunstler has long talked about the role of ‘letters of credit’ in global trade. We’re seeing that now (?).
NPR just said, “Inflation has continued to rise, fastest in 40 years… confounding economists and Wall Street… wrong… food, energy and housing rising the most… the Fed signaling an aggressive rise in interest rates…”
Phew! Sure glad it’s Putin’s fault, not money printing, in all it’s forms…/sarc
Glad I’ve been reading all the ‘negative’ take on things at TAE, while also listening to Judy Woodruff’s positive take, so that I’m better prepared for what I’d term, “reality”. My wife still thinks Ukraine is beating Russia…hmmm… maybe they are… doesn’t seem like it, though.
I’m listening to the Jan 6th coverage and wondering, “What do they hope to accomplish?” The search for scapegoats is over, I guess now it’s public confirmation time. Pathetic waste of time and energy, but, it’s Congress, what else would we expect?
@ Dr. D
You and i have been singing the same tune since it which shall not be named started. Thankfully like all lies, the energy to keep them going soon overwhelms the lie and that appears to be happening quickly these days. Here’s to everyone surviving Thunderdome! 😉
From the other side of the fence- an rt video of a paraglider and a vulture. Wow.
“…Ukraine is using 5,000 to 6,000 artillery rounds a day, according to Skibitsky….“
Russia is reliably estimated to be using 400,000 to 500,000 artillery rounds PER DAY
The murderous clown puppet Zelensky and his Empire of Lies PIMPS are sacrificing an entire generation of Ukraine men for the Narrative.
I think Russia is done talking and they will simply grind the whole of the Ukraine military to dust
.It is cover your ass time
————
• We’re Almost Out Of Ammunition And Relying On Western Arms, Says Ukraine (G.)
—————
See my yesterdays late post,
Hidden warfare
Chips and neon gas & Taiwan
————-
• The US/UK Proxy War Forestalling Peace Negotiations in Ukraine (CD)
————-
Your enablers, leaders, experts stole your pension funds
https://justthenews.com/nation/states/center-square/unfunded-state-pension-liabilities-grow-828-trillion
Ticking retirement timebomb? Unfunded state pension liabilities grow to $8.28 trillion
The state with the highest funding ratio in the nation is Wisconsin at 56% and New Jersey was the lowest at 18%.
————-
Does that all make sense now?
YES
———-
Jan 6th is for diversion of the truth of what your leaders are doing.
Covering their AssDr. D said,
“But I also have to wonder/can’t figure out, when was it ever going to matter?”
I don’t know, though I appreciate you trying to make sense of it. One of those mysteries where the math doesn’t seem to work so I don’t try. Just seems we have a lot of debt tied to non productive activities which adds cost and not value.
A worthless computer entry versus a worthless piece of paper stuffed in the mattress.
Capitalism
Do unto others what they are doing to you.
I got it. You need it. You want it.
Therefore, Jump.Democratism
This is fun. Russian MSM relying on US MSM.
This compilation of clips explains why the Russians think they're winning and don't need to negotiate. Spoiler: they're waiting for the GOP to prevail in midterms and abandon Ukraine. They're also encouraged by our media coverage—especially Tucker Carlson.https://t.co/h05qK1g2fs pic.twitter.com/XBw1G3VTHY
— Julia Davis (@JuliaDavisNews) June 9, 2022
Get ready for more
It was worst before and I lived though all of it. (the YoY CPI to +8.6% )
US Consumer Prices Reaccelerate In May, Highest Since 1981I found this relevant in regards to the conversation from yesterday:
“Oswald Spengler wrote the spectacular opus The Decline of the West shortly before WWI and the book was published in Germany in 1918, provoking universal reflections on man and civilization. The following passage is found on pages 104-105 in volume 2 of the 1961 Knopf edition:
When the ordinary thought of a highly cultivated people begins to regard “having children” as a question of pro’s and con’s, the great turning-point has come. For Nature knows nothing of pro and con. Everywhere, wherever life is actual, reigns an inward organic logic, an “it,” a drive, that is utterly independent of waking-being, with its causal linkages, and indeed not even observed by it. The abundant proliferation of primitive peoples is a natural phenomenon, which is not even thought about, still less judged as to its utility or the reverse. When reasons have to be put forward at all in a question of life, life itself has become questionable. At that point begins prudent limitation of the number of births. In the Classical world the practice was deplored by Polybius as the ruin of Greece, and yet even at his date it had long been established in great cities; in subsequent Roman times it became appallingly general. At first explained by the economic misery of the times, very soon it ceased to explain itself at all. And at that point, too, in Buddhist India as in Babylon, in Rome as in our own cities, a man’s choice of the woman who is to be, not mother of his children as amongst peasants and primitives, but his own “companion for life,” becomes a problem of mentalities. The Ibsen marriage appears, the “higher spiritual affinity” in which both parties are “free”–free, that is, as intelligences, free from the plantlike urge of the blood to continue itself, and it becomes possible for a Shaw to say “that unless Woman repudiates her womanliness, her duty to her husband, to her children, to society, to the law, and to everyone but herself, she cannot emancipate herself.” The primary woman, the peasant woman, is mother. The whole vocation towards which she has yearned from childhood is included in that one word. But now emerges the Ibsen woman, the comrade, the heroine of a whole megalopolitan literature from Northern drama to Parisian novel. Instead of children, she has soul-conflicts; marriage is a craft-art for the achievement of “mutual understanding”. It is all the same whether the case against children is the American lady’s who would not miss a season for anything, or the Parisienne’s who fears that her lover would leave her, or an Ibsen heroine’s who “belongs to herself”–they all belong to themselves and they are all unfruitful. The same fact, in conjunction with the same arguments, is to be found in the Alexandrian, in the Roman, and, as a matter of course, in every other civilized society–and conspicuously in that in which Buddha grew up. And in Hellenism and in the nineteenth century, as in the times of Lao-Tzu and the Charvaka doctrine, there is an ethic for childless intelligences, and a literature about the inner conflicts of Nora and Nana. The “quiverful,” which was still an honourable enough spectacle in the days of Werther, becomes something rather provincial. The father of many children is for the great city a subject for caricature; Ibsen did not fail to note it, and presented it in his Love’s Comedy.
At this level all Civilizations enter upon a stage, which lasts for centuries, of appalling depopulation. The whole pyramid of cultural man vanishes. It crumbles from the summit, first the world-cities, then the provincial forms, and finally the land itself, whose best blood has incontinently poured into the towns, merely to bolster them up awhile. At the last, only the primitive blood remains, alive, but robbed of its strongest and most promising elements. This residue is the Fellah type. “
”
Those in power know that a hyperinflation would likely see them being replaced. History shows us this is true. No, rather they will try to self detonate the system, have an enemy to blame it on (Covid, Russia, etc.) and retain control… or dare I say gain even more control. This is what the entire WEF plan is all about. Right now they’re still using the mask of democracy, but as we’ve seen in the last two years this is merely a mask. Leaders all over the world have been bought and pressured or murdered (Magafuli) when not complying. The corruption is now increasingly brazen and blatant. The energy put into masking it grows weaker each day while the excesses and theft grow more egregious. Surprised? You shouldn’t be. This is the fourth turning.
”Here is a person who doesn’t know when they should shut their mouth. Wasn’t she the person who said no more financial crisis in her lifetime, and then 2019 happened?
https://news.yahoo.com/nothing-suggest-us-recession-yellen-213705337.html
@ mr house
Of course mothers will be dependent upon the help of others…such is the nature of motherhood…and all of life is an interdependent web. But empower them.
Example:
Food stamp program (SNAP) vs. food box program
SNAP – the recipient chooses what to spend the food money on — this empowers
Food box – the recipient gets foods chosen by others — this disempowers
Both are “help.”
(I use both. I actually spent SNAP on a tiny lemon tree last month. I was so excited.)Example:
“Welfare” program vs. TANF vs. EITC
Welfare – low-income family received money to use as they saw fit, with few requirements beyond the low income, allowing parents to decide how much time to focus on parenting — this empowers
TANF – very low-income family receives tiny amount of money for a time-limited, often lifetime limited short period of time, IF the parent works or is looking for work and accepts any job offered. Since the income from any job offered may not be sufficient to pay for childcare, the work requirement is supported by vouchers to pay for full-time childcare for any number of children. The emphasis is to prod the parent to work outside of the home no matter the situation of the family. This disempowers.
EITC (earned income tax credit) — like welfare, it is cash, the recipient chooses how to utilize. . Overall, this empowers.Welfare disappeared in the 1990s.
I’ve never used TANF, although at times I’d have been eligible. The funds available were so low, and were for such short duration it wasn’t worth the hoops. And…I wasn’t going to hand over the parenting of my children to anyone else for a significant length of time so that I could take a random low-paying job. It seemed senseless.
The EITC gives more to those who earn more from paid work…which was quixotic when I was under extreme stress and learning to cope with PTSD…but it has been a godsend for enabling me to take my kids on summer road trips to visit family and friends, national parks, etc., in AZ and neighboring states, have money for birthdays and clothes, and so forth.~~~~~
I use these examples because they are relevant and known to me. I don’t like that all of these programs come from the federal government, and would strongly prefer local approaches. I believe it is great folly to turn over the care of our vulnerable members of society to the federal government….
~~~~~~
Regarding the young women protesting for abortion rights…
When I was ten Walter Mondale was running for president. I learned the word “abortion” and I was horrified. I remember shouting on the playground: “Mondale’s a murderer!” I was naive. I was a product of my half-completed upbringing.
Most people, most of the time, have not thoroughly thought out their positions on issues. (Of course, TAE attracts oddballs who do think excessively and deeply on all aspects of life.) Abortion is one of those topics where I feel an emotional pull from both sides of the issue and have considered the issue deeply.
It isn’t helpful — or fair — to hate on young women protesting for abortion rights out of an assumption that they would also push for vax passports. Maybe they would, maybe not. It isn’t helpful because when we use such stereotypes to dismiss large chunks of humanity we are no different from what we hate – we begin to “other,” to see in terms of “us vs. them,” etc. We can fall into the trap a counter mass formation.
I’d rather speak with these women, acknowledge that bodily autonomy is huge, and something that I, too, hold dear. And then talk about how there are other areas in life where bodily autonomy is an issue, and help bring to the surface the realization that vax passports deny body autonomy. Yes, they’ll likely disagree — so what? It’s about planting a seed, a germ of cognitive dissonance.
I do speak with them, the argument you’ll get back is “i believe in science and progress” and when you ask what that means they can’t answer. Try dating these women, its an eye opening exp. You can plant all the seeds you want but the ground has to be fertile. It isn’t currently and won’t be until perhaps what Jefferson is attributed to saying “the tree of liberty must be nourished with the blood of tyrants and patriots from time to time”.
@TheBlack regarding a Zelensky for Assange prisoner swap
I pray that your experience was not a dream but a prescience.
To flee l’ennui – that’s the name of the game
We do it – the Universe does it
You can elaborate – there’s no need to complicate
The Everlasting Dissatisfaction keeps things in motion
That’s all there is to it – it’s all we ever need to know.(to be forgotten is to be forgiven)
That the plutocrats, kritocrats, kakistocrats, “democrats”, faucicrats, gate-o-crats and other schwab-o-crats are insufferable SOBs is by now a more than widely agreed upon opinion (in these circles, I mean); eventually we will have to move on from there and do something, or nothing.
@Mr. House: Thanks for the Spengler.
Profound; well written, but also an incomplete view of historical phenomena, because WHY?
Why does this pattern recur across the millennia? Perhaps some necessity?
People have fewer children and care for them more attentively when it becomes clear that the children can be presumed to live to adulthood in almost every case.You do understand that Russian Media Monitor is an entirely “made In USA” theatrical production, complete with US directors, writers, actor and everything? They make no secret of the fact. They’re a made-for-TV “Realty Show” type gig complete with online IMDb listing. Their stated aim is to counter the effects of Russian Propaganda. Fair enough. Sauce for the goose is sauce for the gander . . . but they are simply NOT a actual news source of information except that which can be inferred from what they select as topics and how they portray positions.
The hardest part about countering Russian Propaganda comes when those pesky Russians’ propaganda consists of the Russkies simply telling the truth (for a change) and blandly stating the facts.
I’m sure the Russians would lie thru their teeth if it were seen by them to be their only option (like it is now for the USA its oligarchic satanist “Collective Western Empire”). That’s just a super bad spot to be in, but it’s hard to sympathize much with the U.S. or its wealthy collective of lying psychopathic co-murderers
because the entire shit pit of them is being so so bad and trying desperately hard to be ever so much worse.I suppose that forgiveness and rehabilitation should (will) eventually be in store for them . . . e v e n t u a l l y . . . but for now, fuck ’em.
The Great Ukrainian Blame Game© has begun!!!
The Empire of Lies now say that their intelligence service “have no idea what the Ukrainians are doing”.
No idea.
hahahahahaha!
@JohnDay
Because all of humanity is one giant cycle. We’re born, We mature and we die. Perhaps people in the dying phase of a culture/society intuitively know having children isn’t going to be a good bet? Like animals who flee before a tornado. Its above my paygrade that is for sure. I would love to have children but these days i feel like i’m someone from another time period. An alien living amongst a culture i do not know. I’ve only met a few women my age or younger who i’ve watched them and said to myself “she would make a great mother”. Most people are just products of their time.
@Ilargi and V.Arnold: something about that Oyster Eater strikes me as deeply lascivious.
Art… who can understand it?
@Germ: I’m really worried about global VAIDS. This will progress slowly… How Long?@Figmund Sreud: I thought global-warming was going to be a net benefit to Russia… WES?
@Red: It looks like screwing up the jet-turbine-global-economy with a big fat goose in the intake is the plan to combat global-warming and save oil and mineral resources for later, for the owners, not for the herd. Maybe I simplified it too much…@The Black: Interesting dream. I think they want Zelensky on TV until they want him dead.
I think they want Assange to be visibly forever-tortured as a warning to journalists.
I’d love to be wrong.
@Phoenixvoice: I Read You and Hear You, Sister.Dr.D said: “If you usually skip me, this might be a good one to read anyway.” I think….
“Like sands through the hourglass, These are The Days Of Our Lives…”
Then Dr. D said: “So IF the U.S. private payment system is bankrupt, how are they holding it together? Well, with $2,000 Billion cash every night in Repos for one. Does that confirm some stress? They are check-kiting Treasuries between “banks”, or, since they are really all-one united authoritarian structure, between “accounts”.” …
“Well one thing you could do is that you can’t pay everyone. So you definitely pay all your friends (Pharma and War) and NOT pay your enemies (China and Russia). Has the U.S. done this? YES” …
“At the same time, what happened with China? We stopped the money drain by shutting down demand. And now? There IS all kinds of “demand” but no delivery.
OR, you might say that maybe we are UNABLE to pay China. Or to pay in the way they want and ask of us. Like in unencumbered US Treasuries that aren’t hypothecated counterfeits? Or, as Russia has been more public about, even in Yuan or gold? Would THAT lead to a year-long standoff of unloading goods in U.S. ports? YES.”
“So maybe this: the “U.S.” – and we think sloppy here, WHO in the U.S.? – the U.S. Commercial Banks like Citi and Bank of America, clear the ships to leave Shanghai by showing the account escrow. But when the ships arrive, BoA suddenly can’t find that $1B x 500 ships anchored off Long Beach and says there were “payment problems.” The shipowner says, “Fine. We’re not steaming back, but obviously you can’t act like Europe and just think you’re going to have goods delivered without paying.” (In Yuan, oil, wheat?) BoA says, “No problem old pal! I gots the money right here in the couch cushions!” Then slow-walks every. Single. Unloading. In order to harbor every nickel they can. Because they’re broke. They have to make decisions as to WHO to pay?” …
“Okay, if the U.S. is broke – and they definitely are – what else can they do? Well, like any bankruptcy, the accounts are being drained with immovable costs, that’s bad. But also are there any holes that are very dangerous? Yes, the London gold is not allowed to be removed (what was that, Austria?), but we still have to move gold to keep the ILLUSION there is any market whatsoever…
..Where is the gold going TO? Is there anywhere else we can stop it? You know, with bombing, murders, assassinations, coup d’etats…? …
..Russia has been draining gold and it’s hard not to have them discredit you if they don’t get it. London has to APPEAR to deliver gold, but they don’t have any, so somehow we need Russia to not RECEIVE their gold. Or their US Treasuries. Or their gilts. See the picture now? …
..Sanctioning Russia – and we noted when they were shut off, voluntarily, they both accepted gold and pegged gold to the Rouble. London then stopped Russia from RECEIVING gold from any one of any vassal state on earth, but not allowing anyone ELSE their gold. To forestall a gold/commodity/trade standard. Again.” …
..”Does Europe committing open, bloody, public suicide make more sense now? It’s not that they’re obeying the United States. It’s not that they don’t know or don’t want to pay.
IT’S THAT THERE IS LITERALLY NO MONEY. They can’t pay Russia what they don’t have. The attempt will collapse the entire West, every power structure, every seat, every government. All the banks, the oligarchs…”
..”So this is simple: They went bankrupt. ALREADY. On the “Private” side. Powell is furiously bailing out the broadside hole with $2T/night. That is, $2T every 12 hours. Since Sept 2019. What are they DOING with it? They are sheltering bankruptcy by deciding WHO gets paid…and who doesn’t. They have slowed the business down many-fold to try to maintain control of their check-kiting and ever-expanding frauds.
AND HAVE STOPPED ALL BUSINESS PURCHASES under some dumb premise while still creating enough illusion to their other suppliers that they’re not broke. When they decidedly are. Irreversibly. “…
..”That’s why all the world’s ships are sitting in our harbors, not unloading. Does that all make sense now?
And whadda they gonna do? Tell you? “Stopping the bank run” is why they did this in the first place. Back when collapse was showing up in Wall Street. Sept 2019. Funny old date, that. Somehow, like the $5trillion missing from the Pentagon budget on 9-10, we somehow all forget in 2020, 2021, that Wall Street was broadsided, sinking, in Sept 2019. I didn’t forget. But I also have to wonder/can’t figure out, when was it ever going to matter?
Still not yet, I guess. Another day of another week of another month, the truth doesn’t matter. Reality is suspended another day. Forever?”@Armenio Pereira: See? Dr. D advanced a hypothesis there, and supported it with facts , relationships and causal links. It’s not completely proven, but he presented and supported a valid hypothesis. He did not merely present a fanciful thought, or present a casual impression as a proven and accepted “fact”.\
He has style, but it is superimposed upon substantial facts, well organized, and arranged to reflect a suspected underlying causal relationship, which would be helpful to know, as it would simplify decisions going forward, making their outcomes Much More Predictable.
It’s a hypothesis though…Poor Zelensky (stupid psychopathic perverted drug crazed murderer that he transparently is notwithstanding, ya still gotta sympathize with the hopeless “position” that he’s in, at least.) His physical life ain’t worth a wooden nickel when Ukraine finally (soonish, I think) loses the war.
One side (Russia) wants him dead as fully earned punishment, and the other side (US/NATO) NEEDS him dead before he become the stool pigeon of century (to save his own hide) by spilling his guts on EXACTLY AND BY NAME precisely who did what, with which, and to whom . . . . . as well as what they were paid for services rendered. A song bird such as the world has never heard.
“Imperial Summer Vacation” blog post has some overlap with TAE stories in main section and comments.
No offense is intended. The grouping of stories and excerpt selections composes the hypothesis I am presenting. (Garden picture in special t-shirt I had made for Yokum) https://drjohnsblog.substack.com/p/imperial-summer-vacation?s=wEric Zuesse has this analysis: THE AMERICAN EMPIRE IS BEING DEFEATED; ASIA WILL LEAD THE FUTURE.
I agree with the first part, but the second part remains to be seen. Maybe “Asia” is not such an entity. Maybe the future really will be distributed and “multipolar”.
Zuesse points out the assassination attempt against Turkey’s President Erdogan in 2016, carried out by US-aligned Turkish military officers. Russia saved him at the last minute. The NATO-member veto on new members being approved prevents further NATO expansion while Erdogan lives and cooperates with Russia. It largely incapacitates NATO, since Turkey is in a critical position, controlling black Sea and Mediterranean access, and pipeline transit routes to Europe.
Zuesse does not bring up that Turkey stands to have a much elevated position in a new Eurasian world-economic-order, firstly since it will be able to repudiate it’s vast $US denominated debts, but also because Turkey is likely to be less frequently insulted, and given better consideration than the US does. In a new regime, Erdogan clearly sees growth potential for Turkish power and influence.
In the near term, a hobbled NATO will not act as global enforcer. In the longer term, the $US slipping in global reserve-currency utility will cut funding for the global American military project. This summer, with the shortages of food and oil, and the $US being more expensive for debtor countries, Western finance seemingly plans to extract the wealth producing assets from more countries, and enforce austerity on their starving citizens, replaying the Asian Economic Crisis, though this is an ancient financial grab. Banks make loans for interest, but they really want to take the collateral/property.
Zuesse foresees that this property-grab will be resisted this time around. He also points out that a lot of Russian oil is still flowing to Europe, and pipeline flows have been increasing since April to countries that get it that way, including Germany. This is not technically “cheating”, since pipeline flows were exempted, but I agree that different forms of rationalization and “cheating” can be used by European politicians who are on the American-bribe payroll, but still have to live with people at home.
As American power within NATO becomes more visibly weakened, then NATO speaking for Europe may be openly contested. My own view is that orders will be given by the imperial command, and accepted, and not effectively followed, maybe by bureaucratic delay or other forms of slowdown or technical inability.
The lack of enforcement of the declining western financial order must become apparent at the same time as an Eastern/multipolar option becomes available.
That will make the choice “easy” for many debtor countries, and it will get easier as the number of participants in the alternative system increases. If one’s neighbor has repudiated $US debt and nationalized oil and mining, and has not been destroyed, doesn’t that make it look appealing?
As soon as $US debts are being defaulted broadly as policy, global financial interests will also seek any other way to maintain or reclaim some value. They are hardly “loyal”, but to their own profits.
The clarity of this path does not determine how quickly it will fall into place, but this summer’s dollar shock needs to be managed and people need food. The IMF, World Bank and western finance in general may not see clearly how weak their hand is (hubris). If they try to extract the maximum pound-of-flesh, countries will have to defend themselves and their citizens.The American empire is being defeated; Asia will lead the future.
Turkey (in cooperation with Russia) attempted to mediate safe passage in the Black Sea for Ukraine’s grain harvest, but Ukraine objected to the Black Sea proposal in a statement on Tuesday before the talks in Turkey.
A significant portion of the world’s food supply is on the line, but Ukraine Nixes a Potential Deal.
“We cannot rule out Russia’s plans to use such a corridor to attack Odessa and southern Ukraine. That is why effective security guarantees are needed to restore shipping,” the Ukrainian Foreign Ministry said.
https://www.zerohedge.com/personal-finance/ukraine-safe-passage-grain-talks-fail-expect-still-higher-food-prices-globallyThis is the most recent news story I can find on Sri Lanka, which has borrowed $3 billion from India this year, is talking with the IMF, but really cannot exist on loans that keep getting bigger. They are buying Russian oil at the 30% discount when they can. The big question is that of what Sri Lanka can offer the world in return for commodities like oil, minerals, manufactured goods and food. Any new financial order can decide to help Sri Lanka and get good publicity.
https://asia.nikkei.com/Spotlight/Sri-Lanka-crisis/Cash-strapped-Sri-Lanka-looks-to-Russia-to-quench-thirst-for-oil
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