Figmund Sreud
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Here we go, … Travelogue Europe, NATO F-16 fighter jets from the US Air Force, taking off for Europe!
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Free blog post by Art Berman:
“What part of a bear market don’t oil analysts understand?”
BEAR MARKET MATH
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Alistair Crooke:
“European leaders have dug themselves into a deep hole. European states, by emptying what remained in their armouries of old weapons for Kiev, had grimly hoped that the coming Spring/Summer offensive would settle everything, and they would not have to deal with the problem — the Ukraine war — anymore. Wrong again: They are being invited to ‘dig-in deeper’.
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Psst, psst, investment advice: … fabricator(s) of shipping containers destined for storage of exponentially growing volume of defunct EV and hybrid batteries! Yes! Hear this guy out, … his latest:
Electric vehicle deployment is being badly botched – everywhere
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There’s a dog school in Canada so they don’t stay home alone.
_______________Yes! And it’s in my home town, Calgary, Alberta!
Ruff and Puff
https://www.ruffandpuff.ca/Ain’t it cool!
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OK folks, an omen, … the world goes kaput… any moment from now!
Martha Stewart Featured As 2023 SI Swimsuit Cover Model
https://www.si.com/extra-mustard/2023/05/15/martha-stewart-featured-2023-si-swimsuit-cover-modelF.S.
As long as this author is not talking COVID, … he makes lot of sense:
“If every electric car owner had to accommodate the waste ore needed for the copper & cobalt in their vehicle’s batteries, the entry to their homes would be shrouded in several tonnes of waste rock.”
https://thetyee.ca/Analysis/2023/05/10/Warning-Against-Green-Energy-Boom-Sparks-Debate/
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“This year, a central piece of our strategy is to take further actions to disrupt Russia’s attempts to evade our sanctions.”
Idiot, … where do they mint them?
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Alistair Crooke, … his summa summarum at the end of his latest article:
To repeat: Biden is in a ‘bind’ and his Team is floundering. It is hugely premature for the White House to call ‘mission accomplished’ on Ukraine – but what else can they do? War with China will not be with China alone, but likely will be with Russia too. This surely was the essence of the Chinese Defence Minister’s four-day visit to Moscow (including a personal session with Putin). The message was clear enough: China and Russia are ‘joining hands militarily’. This will portend a strategic paradigm change that may well force a U.S. re-consideration of the way ahead – or not.
… and the article:
Decent Into Débâcle: Pyrrhic Victories, Lies and Strategic Miscalculations
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“ There are not enough people to repossess all the motorcycles.”, … imagine that!
Harley-Davidson Says Repo Shortage Is Fueling Credit Losses
https://www.bloomberg.com/news/articles/2023-04-27/harley-says-repo-shortage-for-motorcycles-is-fueling-credit-lossesF.S.
AI and your job, … ZeroHedge, snip:
As Goldman chief economist Jan Hatzius put it, “using data on occupational tasks in both the US and Europe, we find that roughly two-thirds of current jobs are exposed to some degree of AI automation, and that generative AI could substitute up to one-fourth of current work. Extrapolating our estimates globally suggests that generative AI could expose the equivalent of 300 million full-time jobs to automation” as up to “two thirds of occupations could be partially automated by AI.”
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Interesting, … German commentator on Germany:
From Adenauer to Merkel
Adenauer secured and covered the separate state FRG as a new U.S. bastion in Europe against “Russia”, with the anti-Russian and anti-communist potential inherited from the Nazi regime.
Kohl secured and covered the takeover of the ex-GDR into the FRG, with the help of the U.S. advisors in the Treuhand agency.
Merkel secured and covered the expanded U.S. global strategy, especially against Russia.
The U.S. nuclear first-strike doctrine accepted by Adenauer, renewed by Obama, makes nuclear war possible — in Europe.
The U.S. pushed the narrative after WW2 that it had liberated Europe from fascism. But for the preservation of peace, freedom and prosperity, one thing is needed now at the latest: liberation of Europe from the USA.
How German Chancellor Angela Merkel Subjected Germany to the U.S.
Fox Replaces Tucker Carlson with Lying Chatbot
NEW YORK (The Borowitz Report)—Fox News has announced that it has replaced Tucker Carlson with a state-of-the-art lying Chatbot.
In a brief statement, Fox chairman Rupert Murdoch thanked Carlson for his service but said that he had been “rendered obsolete by swift advances in lying technology.”
A dry run of the Chatbot showed it emitting nine lies per minute, besting Carlson’s average of eight.
News of the Chatbot’s arrival sent shock waves down the corridors of Fox’s midtown Manhattan headquarters. “I’ll be next,” a reportedly shaken Sean Hannity said.
https://www.newyorker.com/humor/borowitz-report/fox-replaces-tucker-carlson-with-lying-chatbot
@ Dr. Day – British Columbia’s dissenting physicians silenced…
————————————-Thanks for this information. It’s basically unknown to the average hoi polloi that such Health Professions and Occupations Act has been made into law in BC. Total silence. Unawareness! And now, begin to wonder which other Canadian province sneaked in a similar law, … or in the process of doing so?
Anyway, my sister resides in British Columbia and so I travel there quite often. Medical services in BC are absolutely atrocious: shortage of family doctors, shortage of medical staff. Long, long line ups at walk-in clinics – shortage of any general practitioners all around! And now this new law, …
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More chatter on dying U$, … simply because Russia is loosing!
Anyway, … it’s basically a counter reaction to dire headlines predicting the end of the U$. So be it, … still fun watching it all regurgitating!
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@ Dr. D. – Hahahahahahaha! Oh wait: you’re not kidding?
______________________________________Well, … it’s a very first time I wish I had a Twitter account, … just for a moment!,to repost your response to this guy – since he is so, … so proud of his article. And so, just perhaps, maybe you wish to ruffle his feathers? Or permit someone else to do so? That would make my day, …
Best,
F.S.
Check out Part 2-
The four reasons, the rule of law, liquid financial markets, and economic and military might, all but guarantee the death of the dollar will not occur anytime soon.https://t.co/pQeFGg7BYA— Michael Lebowitz, CFA (@michaellebowitz) April 19, 2023
Re Dancing on the Brink
__________________Germane , two-part capitalist’s lengthy and aggressive harangue, … but summary first:
Summary
The pundits will be right someday. The dollar’s death as the reserve currency will come, and some other nation’s currency, cryptocurrency, gold, shells, or something else will take its place. However, that day is not coming anytime soon. The four reasons we describe in the article leave the world with no alternative.While China is rapidly growing its economy and global trade footprint, it lacks the rule of law and liquid capital markets to sustain a global currency. It’s difficult to see how a communist country can overcome those challenges.
The Euro is the most viable competitor. They have the rule of law, but their capital markets are not nearly liquid enough to facilitate global trade. They also lack the military might to force the usage of the Euro. Let us also remember its finances are in equally bad or even worse shape than the U.S. There is no reason to suspect the euro could overtake the dollar.
Bitcoin? Forget about it! The government will never relinquish its control over the currency because, with that, they lose control of the nation.
Gold-backed dollars were a mainstay until 1971. However, as we have learned for the last fifty years, gold restricts the ability of the central bank to run monetary policy as they see fit. A rules-based system, like gold-backed dollars, might benefit the economy. However, regardless of your thoughts, the Fed and government are not ones to give up power.
The Dollars Death, Not So Fast- Part 1
https://realinvestmentadvice.com/the-dollars-death-not-so-fastFour Reasons The Dollar Is Here to Stay- Part 2
https://realinvestmentadvice.com/four-reasons-the-dollar-is-here-to-stay-part-2F.S.
Fascinating article posted at nakedcapitalism. [ I’ve always been fascinated by idiocy of my country folks!]
The Increasing Number of Trial Balloons for Polish Intervention in Ukraine
Conor Gallagher April 16, 2023The Increasing Number of Trial Balloons for Polish Intervention in Ukraine
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‘Substantial Threat’! Russia Moves Its Warship To Northern Base, Warning Issued – Is Moscow Planning Zircon Hypersonic Missile Test?
The NAVWARN is between April 20 to 29, covering a distance of 3,500 kilometers from the Barents Sea to the East Siberian Sea.
… fwiw,
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Surprise! Er, … not.
“For some time, the forecast for the U.S. economy prepared by the staff had featured subdued real GDP growth for this year and some softening in the labor market. Given their assessment of the potential economic effects of the recent banking-sector developments, the staff’s projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years.”
– per https://www.federalreserve.gov/monetarypolicy/fomcminutes20230322.htm
And so the question: When was the last time the FED even mentioned a coming recession in its minutes?
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Interesting piece of writing!
Our current and future direction as pursued by political and economic opportunists, boils down to this: Currency debasement, inflation and war.
Such a sensational prognosis is even easier to see, because we are literally living it right now.
Je T’Accuse: To Bond Killers & Other Villains Destroying Our World
Je T’Accuse: To Bond Killers & Other Villains Destroying Our World
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EVs and Incandescent Bulbs
You may remember incandescent bulbs. They have been around since the time of Edison, which is a long time. This was so because they worked. Their government-mandated replacements – LED bulbs – also work. Just not as well and a lot more expensively.
Like electric cars.
Before they were banned, you could buy a four pack of 75 watt incandescent bulbs for about $2. They cost so little to buy because they cost so little to make. There was so little profit to be made from selling them that the makers of them did what modern corporate interests often do. They got the government to ban them so that they could make a great deal more money by selling people government-mandated replacements that cost people three times as much to buy. That same four pack now costs more than $10 – with the sell supposedly being that they last longer and so, over time, you pay less.
This is like the suggestion made by the Biden Thing’s secretary of transportation – who knows as much about transportation as the Biden Thing does about earning an honest dollar – that people “save” money on gasoline by spending it on an EV.
The EV, of course costs a great deal more than gasoline. But innumerate (and illiterate) people often succumb to such buncombe. […]
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Well, … worldly oil trading desk just opened, … early results in:
WTI Crude $81.31 +5.64 +7.45% (11 Minutes Delay)
Brent Crude $85.76 +5.87 +7.35% (11 Minutes Delay)Fancy that!
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Here we go, folks! John Rubino, … discussion with:
https://www.youtube.com/live/6lBkpVSN22g?feature=share
… bonus, John Rubino’s substack:
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Alastair CROOKE‘S latest:
“[T]he West fell into its own ‘Certainty Trap’.”
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Helmer’s latest:
SOLDIERS UNDERSTAND CAPITULATION BETTER THAN POLITICIANS AND PROFESSORS – THE REAL OUTCOME OF THE PUTIN-XI TALKS
It takes time for politicians to understand.
When the Obama Administration pulled their Kiev putsch of February 21, 2014, they, German Chancellor Angela Merkel, and their British and French counterparts understood they were in for a long war. Merkel has admitted as much; the British and French have lost power and been replaced by successors impatient to win propaganda victories if they can — and not lose on the battlefield too quickly if they cannot.
By December of 2021, US officials believed they were almost ready to expand their war, recover Crimea and the Donbass, and inflict such a battlefield defeat on Russian forces as to trigger chaos, then regime change in Moscow. This calculation is why the US and NATO dismissed negotiations on the terms of the small pact, the Minsk accords of 2015, and then the larger pact for Europe of December 2021 – an idea the Russians called indivisible sovereignty, the Americans reciprocal security, the Europeans non-aggression.
A quick preemptive defence and preventative war was an idea of President Vladimir Putin’s. It was neutralized in the Kiev operation during the first month of the campaign last year. The aim then was not to capture the city, but to trigger Ukrainian regime change, then negotiations. By the time the Istanbul talks began, the Zelensky group remained intact, and the long war commenced. This had been the anticipation of the Russian General Staff then. It still is.
Long means years.
Long enough in the US calculation for President Joseph Biden not to die before his re-election in November 2024. […]
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Testing Greta’s next trans-ocean transportation contraption. Yes! “Team Malizia” takes Greta across oceans of the world to all the events. Have-a-gander at it currently being tested in Southern Ocean. Impressive advancements in sailing developments and application of technology:
Anyway, I have been watching this very current “around the world sailboat race” with great interest. Sailboat “Malizia” is part of it:
https://www.theoceanrace.com/… fwiw,
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ICUMI, … Jen Psaki’s debut on MSNBC:
BREAKING: On Jen Psaki's debut of "Inside with Jen Psaki" she completely tears apart the Republican anti-woke movement, showing that it's a terrible 2024 campaign focus.
This new show on MSNBC is going to be something to watch. Psaki is so good at diffusing Republican rhetoric… pic.twitter.com/0JkfUNoMPl
— Ed Krassenstein (@EdKrassen) March 19, 2023
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Here we go, …
“The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. […]
Coordinated central bank action to enhance the provision of U.S. dollar liquidity
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm… and so European Central Bank already moved, …Lagarde announced a 50 basis points rate hike while reiterating the ECB’s focus on taming inflation!
Fed will follow coming Wednesday, …
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@ Dr. Day – I’ll read them after I do some mowing.
———————————Well, … I won’t be doing any mowing ‘till about mid-May! Mind you, I just read both articles just as I finished shovelling phlunkin’ snow. In fact, shovelling snow in Calgary will be an issue all the way ‘till ~ mid-April, … than ~ month-long break – no shoveling and no mowing. Yippee ki-yay!
Best,
F.S.
Helmer fighting Hersh, … with China’s help!
THE MIDDLE KINGDOM MAKES A POINT ABOUT THE MEDIOCRITY OF THE EXCEPTIONALIST
THE MIDDLE KINGDOM MAKES A POINT ABOUT THE MEDIOCRITY OF THE EXCEPTIONALIST
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… didn’t read it yet ( driving right now), Alastair Crooke’s latest:
