Aug 052018
 
 August 5, 2018  Posted by at 1:19 pm Finance Tagged with: , , , , , , , , , , , ,  


Salvador Dali Spain 1936-38 (Spanish civil war)

 

Jeremy Corbyn is an anti-semite. Julian Assange is a rapist, a Russian agent and a terrorist. Donald Trump is an anti-semite, a rapist AND a Russian agent. Vladimir Putin wants to invade and enslave the entire western world and to that end employs Assange, Trump, maybe also Corbyn(?), as well as thousands upon thousands of hackers and murderers who make people vote for whoever Putin chooses, and poison former Russian agents on western soil.

These allegations, and there’s many more of them, have a number of things in common. Most importantly, they serve to change your mind. They serve to change your perception of reality. They seek to whip up your support for the very people and forces that launch them into the media.

Something else they have in common is that none of them has ever been proven, even though some of them are getting on in years. But they were never meant to be proven, simply because they don’t have to be. If your mind is a fertile breeding ground for such allegations, all that needs to be done is plant a seed, and plant another, and then water them day after day by repeating the allegations and make them ‘yummier’, until they sprout a plant or a tree ‘spontaneously’.

A third feature the allegations have in common is that as they change your perception of reality, you will be -more- inclined to support those who invented them for that exact purpose, so you will not oppose their -further- grab for power and wealth.

That Jeremy Corbyn would hate Jews goes against the man’s entire life history. But he’s been exceedingly weak in defending himself, and his Labour Party, against the accusations of anti-semitism, so the label sticks and has been very successful. Instead of explaining his position in the face of the unfolding and increasingly disastrous Brexit proceedings, all Corbyn gets to do is utter some feeble defence about his history with Jewish people. On Brexit, he’s been all but silenced. Even his own party merrily goes along with the smear.

 

The accusations concerning Assange in the Swedish rape ‘case’ are, if possible, even more preposterous, even if they have also ostensibly been even more successful. The Swedes, British and Americans involved in the narrative knew beforehand that all they needed was to plant a fragile seed. Julian had historically enjoyed a lot of support from women, and that was over in a heartbeat.

Sweden’s female(!) prosecutor, Marianne Ny, refused for 4 years to talk to Assange one on one and when she finally did, dropped the case right after. But that’s 4 years of allegations hanging over him, easily enough to serve the purpose of those allegations: plant a seed of doubt. By then, another -hollow- tree had sprouted: Assange was accused of working directly with the Kremlin.

He always denied this, but after negotiations with the US Justice Department in early 2017 were abruptly halted by then FBI-head James Comey and US Senator Mark Warner (D.-VA) as Assange offered to prove that it wasn’t Russians who provided him with files from the DNC server(s), Robert Mueller felt free to accuse him of working with Russia once again in his indictment of 12 Russians last month. Not only could Assange not defend himself by then, since he had been totally silenced, but Mueller didn’t even attempt to provide evidence.

And I’ve said this numerous times before, but I still think it bears repeating: WikiLeaks is based on one underlying principle above and beyond anything else: trust; which means uncompromising honesty. WIthout that, no-one would ever again offer them any files. WikiLeaks doesn’t reveal sources, and it doesn’t redact things out of files other than to protect people’s lives.

In that sense it’s interesting that even with the Vault7 CIA files, after Comey had betrayed Assange, the latter still held back from publishing certain pages, just so CIA operatives wouldn’t be exposed. If Assange is caught in just one lie, be it about rape or about Russia, WikiLeaks is done, and so is he and his life’s work. So what do you do about someone who doesn’t lie? You spread lies about him.

But, again, that’s not what people see, because that’s not what their media report. Papers like the New York Times and the Guardian, who were more than happy to share, and profit from, WikiLeaks files before, have turned on Assange with a vengeance. Journalists are more than willing to throw a fellow journalist under the bus and then turn around and accuse Donald Trump of endangering journalists when he says they spread fake news. Well, they do, that’s what Assange’s case proves without a doubt.

 

That brings us to Trump, a ‘case’ that has much in common with Assange -even if the men themselves don’t-, but is also very different. Trump doesn’t seem to shy away from the odd white lie or embellishment. And sure, that may be putting it mildly. But both journalists and their viewers and readers need to keep one thing in mind: their work does not consist of spouting allegations. They need to provide proof.

And in the 18 -or 24- months since Trump prominently rose upon the Washington scene, precious little has been proven. Robert Mueller has alleged plenty, but proven next to nothing. It’s fair to say after all that time that he’s fishing. Sure, Paul Manafort will likely go to jail, but his case has nothing to do with Russia collusion, at least not in any way that Mueller has evidence for (we would have known if he did).

And you know, if you spend so much time, and resources, trying to find something, trying to find proof, and you have failed to find it, you have to acknowledge just that. Maybe not halt the investigation entirely, but go public and state that you haven’t been able to find what you thought you would or could. The country deserves that, The American people deserve it, and yes, Donald Trump does, too.

But the whole country now lives on a narrative. Media left and right profit from it, each to feed their audience the ‘latest’ 24/7. And there’s nothing really, so they have to make it up in order to continue profiting from the whipped-up attention. One side tells you how evil Trump is, the other how great he’s doing. The truth is always in the middle, but America has no middle left.

 

I said before that Donald Trump is portrayed as an anti-semite, a rapist AND a Russian agent. As for the first bit, I covered that a few days ago in “Globalist”. Does Trump hate Jews? Even if he does, he hides it pretty well. He’s always done business with Jewish people (hey, this is New York!), there are plenty Jews in his government, and in his own family. Calling someone an anti-Semite is a very serious thing, not a detail to be thrown around at will. Prove it or hold your tongue.

Is Trump a rapist, like what Assange is accused of? You can certainly find no shortage of people willing to state that in both cases. But again, no evidence. And with the fame and glory awaiting anyone who does prove it in either case, you would think by now someone would have found something. Again, prove it or hold your tongue.

Thirdly: is Trump a Russian agent? Look, if Robert Mueller hasn’t been able to prove that he is after two years and tens of millions spent, at least get off your high horse and focus on something else for a bit, if you want to be taken serious as a journalist. Russia, and Putin, are America’s favorite bogeyman today, and about the only thing that still unites the country.

So find something instead that unites you that is not your enemy. Find common cause. Find what makes you proud to be America. Are you all going to be proud if Assange is dragged into some place like Gitmo? Then you have completely lost what it is that should make you proud citizens of the land of the free and the home of the brave.

Because no matter how you may twist it, Julian Assange is braver than any of you, and braver than all of you put together too. But no, he’s not free. He gave up his freedom so you would know what it means to be free. Free from manipulation, free from people making up your minds for you, free from indoctrination, free from the forces that take more of your freedom away every day.

You see, Julian Assange is not free. But neither are you. He’s a prisoner of the very people who are taking your freedom away, day by day, step by step. That’s why you should stand up for him. And of course, it’s not just your freedom that’s at stake, it’s your humanity, it’s the very essence of what makes you human, the difference between a life worth living and a life wasted by complacency and cowardice.

Anything else is just narrative. It’s not life.

 

 

And yes, the title is from Paul Simon’s You Can Call Me Al.

 

 

 

 

Jul 112018
 
 July 11, 2018  Posted by at 5:23 pm Finance Tagged with: , , , , , , , , , , ,  


Marc Riboud Forbidden City under the snow, Beijing 1957

 

Okay, well, Trump did it again. Antagonizing allies. This time it was Germany that took the main hit, over the fact that it pays Russia billions of dollars for oil and gas while relying on the US for its defense … against Russia. And yes, that is a strange situation. But it’s by no means the only angle to the story. There are many more.

For one thing, The US has by far the largest military industry. So it makes a lot of money off the billions already spent by NATO partners on weaponry. Of course Raytheon, Boeing et al would like to see them spend more. But once they would have done that, they would clamor for even more after.

At some point one must ask how much should really be spent. How much is enough, how much is necessary. The military-industrial complex (MIC) has every reason to make the threat posed by ‘enemies’ as big as they possibly can. So knowing that, we must take media reports on this threat with tons of salt.

And that is not easy. Because the MIC has great influence in politics and the media. But we can turn to some numbers. According to GlobalFirePower, the US in 2018 will spend $647 billion on its military, while Russia is to spend a full $600 billion less, at $47 billion. And the US Senate has already voted in a $82 billion boost recently.

There are other numbers out there that suggest Russia spends $60 billion, but even then. If Moscow spends just 10% of the US, and much less than that once all NATO members’ expenditure is included, how much of a threat can Russia realistically be to NATO?

 

Sure, I’ve said it before, Russia makes weapons to defend itself, while America makes them to make money, which makes the latter much less efficient, but it should be glaringly obvious that the Russia threat is being blown out of all proportions.

Problem with that is that European nations for some reason love playing the threat card as much as America does. After all, Britain, France and Germany have major weapons manufacturers, too. So they’re all stuck. The Baltic nations clamor for more US protection, so does Sweden, Merkel re-focused on Putin just days ago, the game must go on.

Another way to look at this is to note that UD GDP in 2017 according to the IMF was $19.3 trillion, while Russia’s was $1.5 trillion. NATO members Germany France, Britain, Italy and France all have substantially higher GDP than Russia as well. European Union GDP was $17.3 trillion in 2017.

If this economically weak Russia were really such a threat to NATO, they would be using their funds so much better and smarter than anyone else, we’d all better start waving white flags right now. And seek their help, because that sort of efficiency, in both economics and defense, would seem to be exactly what we need in our debt-ridden nations.

 

The solution to the problems Trump indicated this morning is not for Germany et al to spend more on NATO and their military in general, but for the US to spend less. Much less. Because the Russian threat is a hoax that serves the interests of the MIC, the politicians and the media.

And because America has much better purposes to spend its money on. And because we would all be a lot safer if this absurd theater were closed. To reiterate: developments in weapons technology, for instance hypersonic rocket systems make most other weapons systems obsolete. Which is obviously a big threat to the MIC.

Russia attacking NATO makes as much sense as NATO attacking Russia: none whatsoever. Unwinnable. Russia attacking Germany and other European countries, which buy its oil and gas, makes no sense because it would then lose those revenues. From that point of view, European dependence on Russian energy is even a peacemaker, because it benefits both sides.

Can any of the Russiagate things be true? Of course, Russia has ‘bad’ elements seeking to influence matters abroad. Just like the US does, and France, Britain, Germany, finish the list and color the pictures. How about the UK poisoning stories? That’s a really wild one. Russia had no reason to poison a long-lost double spy they themselves let go free years ago, not at a time when a successful World Cup beckoned.

342 diplomats expelled and risking the honored tradition of exchanging spies and double agents from time to time. Not in Moscow’s interest at all. Britain, though, had, and has, much to gain from the case. As long as its people, and its allies, remain gullible enough to swallow the poisoned narrative. Clue: both poisonings, if they are real, occurred mere miles from Porton Down, Britain’s main chemical weapons lab.

And c’mon, if Putin wants his country strong and independent, the last thing he would do is to risk his oil and gas contracts with Europe. They’re simply too important, economically and politically. Trump may want some of that action for the US, understandably, but for now US LNG can’t compete with Russian pipelines. Simple as that.

Let’s hope Trump and Putin can talk sense in 5 days. There’s a lot hanging on it. Let’s hope Trump gets his head out of NATO’s and the US and EU Deep State’s asses in time. There’s no America First or Make America Great Again to be found in those dark places. It’s time to clear the air and talk. America should always talk to Russia.

Funny thing is, the more sanctions are declared on Russia, the stronger it becomes, because it has to learn and adapt to self-sufficiency. Want to weaken Russia? Make it depend on your trade with it, as opposed to cut off that trade. Well, too late now, they won’t trust another western voice anymore for many years. And we’re too weak to fight them. Not that we should want to anyway.

We’re all captive to people who want us to believe we’re still stuck in the last century, because that is their over-luxurious meal ticket. But it’s all imaginary, it’s an entirely made-up narrative. NATO is a con game.

 

 

Jul 102018
 
 July 10, 2018  Posted by at 12:31 pm Finance Tagged with: , , , , , , , ,  


Herri met de Bles Landscape with Saint Christopher 1535 – 1545

 

It is a strange world where in some parts of the globe children are left to drown when the rubber dinghies they are put in to escape warfare and poverty in order to reach a place where they are expected to be able to grow up in peace and safety and have an education and a future, fail to carry them there, while in other parts they are put in cages and camps, torn away from their families, simply for looking for a better life and future, and at the same time other children just like them are rescued by heroes bigger than life from all over the planet, from a cave they are trapped in, in a no holds or costs barred operation.

What is the difference between these children that could ever justify such divergent treatments? They themselves surely would never be able to answer such a question. But that is all the more reason to ask them. And if they don’t understand, how can we? And if we don’t understand, why is it happening? Why do we allow it to happen? In Thailand, mankind shows it very much possesses humanity. In the Mediterranean and along the US border, it shows that it has none. The two can’t both be true at the same time.

What now? It’s not difficult. From Arab Weekly, writing about the EU’s request to Egypt to set up ‘Regional Disembarkation Centres’ in the country:

Instead of asking economically struggling countries to act as refugee hosts, European leaders need to solve the problems that cause these refugees to leave their countries in the first place, particularly the unrest that has engulfed many countries, Egyptian specialists said.

“The solution to the problem will be to resettle these refugees in their countries,” said Youssef al-Metany, a refugee lawyer at local NGO Egyptian Network for International Law. “This can only happen when the conflicts raging in these countries are settled.”

See? We all know the answer. What we need is the same courage and selflessness that the cave divers in Thailand have demonstrated over the past week. Yes, one died, bless his soul, but he knew there are more important things than one’s own life. One of them is children. Another is honor. And yet another is humanity. Let’s make it happen. Let’s save them all.

Hooyah!

 

 

Jul 052018
 


René Magritte The secret player 1927

 

There’s something wonderfully -though at the same time sadly- ironic in simultaneously contemplating America’s Independence Day and Greece’s NO! (OXI!) vote three years ago that was subsequently defeated by it own prime minister, Alexis Tsipras, at the behest of the European Union’s powers that be.

Where Americans managed to break free of their yoke in 1776, the Greeks did not. Indeed, they were betrayed by their own. There are certainly plenty of similarities with the Declaration of Independence to be made, plenty voices and forces that sought to defeat the Founding Fathers. In the end, the result is simple: the Americans succeeded in breaking free, the Greeks did not.

It’s just that this is not where the story halts; it’s not the whole story. You can say that the Greeks are not independent while the Americans are, but that is true in name only. What does that famous American independence consist of?

How free and independent are Americans really today? In 1956, Dwight Eisenhower famously talked about the military-industrial complex that the nation should beware of, but 62 years later is seems safe to say his warning was not heeded.

Donald Trump ran on a non-interventionist platform, but the military-industrial complex appears to have him gift-wrapped up and ready for delivery a year and a half into his presidency. Under Trump, the US have dropped more bombs than even under Obama, no small feat.

It is of course well understood that if you justify such action properly through the media, the people will buy about anything when it comes to waging war abroad, but it’s still not what people voted for. They are not independent of the war machine.

And you can take this one step further. You can ask how independent a nation can really be if its citizens never learn to have independent thought, if they are deliberately never taught how to think for themselves. How can you be independent if and when other people define your thought and views?

Every single American and European must recognize at least part of Caitlin Johnstone’s Babies. It may read as if it’s describing some Chinese or Soviet system, or even Huxley or Orwell, but there’s not really any plausible denial that at least some of what she says resonates with you:

 

Babies

When a baby is born, its parents teach it how to eat solid foods and walk and talk, which generally works out fine. Then they start teaching the baby all the lies their parents taught them, and things start to get messy. When the baby is old enough, they send it to school, where it spends twelve years being taught lies about how the world works so that one day it will be able to watch CNN and say “Yes, this makes perfect sense” instead of “This is ridiculous” or “Why does this whole entire thing seem completely fake?” or “I want to punch Chris Cuomo in the throat.”

The baby is taught history, which is the study of the ancient, leftover propaganda from whichever civilization happened to win the wars in a given place at a given time. The baby is taught geography, so that later on when its country begins bombing another country, the baby’s country won’t be embarrassed if its citizens cannot find that country on a globe. The baby is taught obedience, and the importance of performing meaningless tasks in a timely manner.

This prepares the baby for the half century of pointless gear-turning it will be expected to undertake after graduation. The baby is taught that it lives in a free country, with a legitimate electoral system which facilitates meaningful elections of actual representatives in a real government. It is never taught that those elections, representatives and government are all owned and operated by the very rich, who use them to ensure policies which make them even richer while keeping everyone else as poor as possible so that they won’t have to share political power.

And so you get to, have to, wonder if this is what the Founding Fathers would have wanted. Were they intending for America to be a nation filled with obedient sheeple? Since they themselves were revolting against a power that wanted for them to be just that, it doesn’t seem likely.

Beyond the issue of slavery, which would take another 90 years to come on the agenda, and another 90 after that to lead to the abolishment of racial separation (and likely another 90 for the next step), the Fathers appear to have sought actual independence. There are precious few signs that they would have looked kindly upon the military-industrial complex.

Or the existing political parties for that matter, replete with ‘life-long’ politicians who label themselves ‘public servants’ but whose careers depend entirely on lobbyists and the corporate powers they serve, which donate the campaign cash needed to get the ‘public servants’ elected and re-elected.

Power corrupts absolutely. And it crushes independence. Since all US politicians need corporate money to build and sustain their careers, isn’t it ironic that they, too, would celebrate Independence Day? Independent from what?

Sure, you can celebrate that you no longer depend on British rule, and their tea, but if and when you simply swap one dependency for another, what does the word independence even mean any more?

At least that’s something the Greeks have an answer to. They depend on Europe’s largest nations and their banks. They had a chance to break that dependency, and voted to do exactly that, only to see their Independence Day crushed by the first prime minister in decades who was not part of an age-old corrupt system.

Their quiet despair should be shared by Americans too, who are free and independent men and women in name only, and who depend on Washington and Wall Street’s deeply entrenched power brokers perhaps more then ever in their history.

The Greeks have no options left; they voted for the one independent party there was three years ago, and were betrayed with a kiss. America voted Trump into the White House and though he seemed independent, he also seems to have been eaten alive by the Deep State and the war machine.

Independence appears to mean, first of all, not relying on entrenched power blocks for your lives and livelihoods, the ability to make your own decisions, to reap the fruit of your own labor. Has America been further away from that at any time since 1776 than it is today?

 

 

May 142018
 
 May 14, 2018  Posted by at 1:01 pm Finance Tagged with: , , , , , , , , ,  


Brassaï Cat 1945

 

What’s happening to John McCain is tragic. It’s not something one should ever wish upon another human being. Nor is it decent, let alone useful, to wish that he would die. Wishing bad things upon someone because they did bad things is too close for comfort to what he himself did. But it’s good to remember that his brain tumor is not the most tragic part of McCain’s life on earth. And no, neither is his time as prisoner of war in Vietnam.

McCain’s main tragedy is that he didn’t learn the one lesson he should have learned about his time in Vietnam, and didn’t turn his back on warfare. Instead, he turned into the biggest and loudest pro-war campaigner in Washington for decades. Talk about a missed opportunity, a life wasted. If there was one person who was presented with the first-hand experience needed to turn against bloodshed, it was John McCain.

What’s more, during his time in the House and later the Senate, McCain completely missed out on a development that might yet have changed his mind. That is, wars became unwinnable. Something even that the US losing their war in Vietnam might have taught him. It entirely passed him by. McCain still never saw an opportunity to wage battle somewhere, anywhere on the planet, that he didn’t like.

That makes him a dinosaur and a fossil who should never have been allowed to remain in the Senate for as long as he did. At the age of 81, and after ‘serving’ for 35 years in Washington, it apparently becomes too difficult to see how the world outside changes, let alone to adapt to those changes. If you limit the time a president can serve, why not do the same for senators? Is it because those same senators would have to vote on that?

Moreover, if wars are unwinnable, but you incessantly call for new wars anyway, then regardless of moral issues about going to war in the first place, you have de facto become a threat to your own people and your own country that you purport to serve. Especially, and first of all, to the American soldiers you desire to send out there to fight those wars. But also a threat to the image of America around the globe.

 

When wars are unwinnable, there is no reason to fight them. Again, even apart from morals and ethics. You will have to find other ways to deal with ‘elements’ that feel and act less than friendly towards you. To find out what, it helps to realize that they understand it’s just as futile for them to attack you militarily as it is for you to attack them. It also helps to figure out why they are unfriendly.

What doesn’t help is to take yet another stab at Putin and say “Vladimir Putin is an evil man, and he is intent on evil deeds”, as McCain does in a forthcoming book. If that’s the best you can do, your best-by date has long since passed. That’s language fit for a 4-year old. And George W.

McCain’s father and grandfather were both 4-star US Navy admirals. Perhaps that partly explains his blindness to the evils of war, and the role the US has played in many conflicts, including -but certainly not limited to- Vietnam. It’s hard to imagine Apocalypse Now, Platoon or Full Metal Jacket being McCain’s favorite Hollywood classics.

And that is a bigger problem than it may seem. Because America has indeed been able to paint a vivid portrait for itself of why Vietnam was such an insane venture that should never have happened, and certainly not repeated. If your culture has the ability to put that in words and images, and as a nation you still don’t learn the lesson embedded in them, you’re pretty much lost.

Oh, and besides, you lost too, remember? You lost the war and the lives and limbs of tens of thousands of young Americans and over a million Vietnamese. To have been part of that and then turn around and strive to be Washington’s premier warmonger, that’s just totally bonkers. Or worse. Has McCain been promoting war all this time because he subconsciously wanted to redo Vietnam but this time not lose?

 

Unwinnable wars are bad news for the weapons industry. They will deny the existence of even such a concept as long and as strongly as they can. Because if you can’t win a war, why wage them? There will continue to be technological developments, but there’s no “throughput”. You can fire some missiles into some desert somewhere from time to time, and that’s it.

The military-industrial complex is happy only -because most profitable- if and when guns and missiles and jets constantly need to be replaced because they’ve been lost in a theater of war, along with young Americans. McCain knows this better than most. And he knows the captains of this complex, both the military side and the weapons producers. Far too well.

Being as beholden as it is to the arms makers and dealers, has made America lose whatever edge it once had militarily. In the US weapons are developed and sold to generate the largest profits possible; in Russia, they are developed to protect the country. This is largely why the American defense budget is 10 times larger than its Russian counterpart. All this happened on John McCain’s watch.

The entire narrative of “protecting and sharing our values” has become hollow propaganda. Because the US has engaged its military in more theaters of war and invasion than we can even keep track of anymore. The US armed forces don’t protect democracy or human rights around the world, they protect the financial interests of America’s elites, including the military-industrial complex. Does anyone believe John McCain doesn’t know this?

 

Unbeknownst to John McCain, the world has entered a whole new era. And this didn’t happen yesterday. Russia and China may have only recently announced new hypersonic missile technology, but it didn’t fall out of the sky. It does profoundly change things though. It ends all notions and dreams of American exceptionalism and unilateralism.

And America needs to learn that lesson. It will have to do it without John McCain. And it might as well, because McCain was incapable of changing, and of seeing the changes around him. But the American view of the world will have to change, because the world itself has.

Still, you’re right: the real tragedy is not that John McCain wasted his own life. It’s that he helped destroy so many others.

 

 

Apr 172018
 
 April 17, 2018  Posted by at 1:43 pm Finance Tagged with: , , , , , , , , , , , ,  


Charles Sprague Pearce Lamentations over the Death of the First-Born of Egypt 1877

 

In Matthew 12:22-28, Jesus tells the Pharisees:

 

Every kingdom divided against itself is brought to desolation, and every city or house divided against itself will not stand.

In 1858, US Senate candidate Abraham Lincoln borrows the line:

 

On June 16, 1858 more than 1,000 delegates met in the Springfield, Illinois, statehouse for the Republican State Convention. At 5:00 p.m. they chose Abraham Lincoln as their candidate for the U.S. Senate, running against Democrat Stephen A. Douglas. At 8:00 p.m. Lincoln delivered this address to his Republican colleagues in the Hall of Representatives. The title reflects part of the speech’s introduction, “A house divided against itself cannot stand,” a concept familiar to Lincoln’s audience as a statement by Jesus recorded in all three synoptic gospels (Matthew, Mark, Luke).

Even Lincoln’s friends regarded the speech as too radical for the occasion. His law partner, William H. Herndon, considered Lincoln as morally courageous but politically incorrect. Lincoln read the speech to him before delivering it, referring to the “house divided” language this way: “The proposition is indisputably true … and I will deliver it as written. I want to use some universally known figure, expressed in simple language as universally known, that it may strike home to the minds of men in order to rouse them to the peril of the times.”

On April 12, 2018, the Washington Post runs this headline:

We need to go big in Syria. North Korea is watching.

The WaPo is undoubtedly disappointed that James Mattis prevailed over more hawkish voices in Washington and the least ‘expansive’ attack was chosen.

Then after the attack, Russian President Putin warns of global ‘chaos’ if the West strikes Syria again. And I’m thinking: Chaos? You ‘Predict’ Chaos? You mean what we have now does not qualify as chaos?

Yes, Washington Post, North Korea is watching. And you know what it sees? It sees a house divided. It sees an America that is perhaps as divided against itself as it was prior to the civil war. An America that elects a president and then initiates multiple investigations against him that are kept going seemingly indefinitely. An America where hatred of one’s fellow countrymen and -women has become the norm.

An America that has adopted a Shakespearian theater as its political system, where all norms of civil conversation have long been thrown out the window, where venomous gossip and backstabbing have become accepted social instruments. An America where anything goes as long as it sells.

 

In an intriguing development, while Trump pleased the Washington Post, New York Times, CNN and MSNBC, his declared arch-enemies until the rockets flew, his own base turned on him. While the ‘liberals’ (what’s in a word) cheered and smelled the blood, the right wing reminded the Donald that this is not what he was elected on – or for.

Can Trump afford to lose his base? Isn’t the right wing supposed to be the side that calls for guns and bombs? It’s unlikely that he can do without his base, it would weaken him a lot as the Lady Macbeths watch his every move looking for just that one opportunity, that one moment where his back is turned.

As for the right wing not being the bloodthirsty one, that is quite the shift. Not that it’s a 180 on a dime, it has been coming for a while. It’s not just interesting with regards to Trump, there are many war hawks who -will- see their support crumble too if or when they speak out for more boots in deserts. Maybe John McCain should consider changing parties?

 

So yeah, what does North Korea see? Should it be afraid? Will it have become more afraid? Kim Jong-Un will have watched for China’s reaction, much more important to him that what the US does. And China has condemned the attack. It would do the same if America were to attack North Korea, and a lot stronger. Therefore Kim Jong-Un doesn’t believe Washington will dare attack him.

An interesting line from Chinese state run newspaper Global Times illustrates how China sees the world, and the US in particular, at present:

 

“A weak country has no diplomacy. As a hundred years have passed, China is no longer that [weak] China, but the world is still that world.”

That is how China, and in its wake, North Korea, see America. And so does Russia. Americans may -and do- think that they are still no. 1, and the most powerful, economically, politically, militarily, but that’s no longer what the rest of the world sees.

Is the US still mightier than China militarily? Probably, but not certainly. Still, how do you conquer 1.3 billion people and keep them subdued? Xi Jinping is very aware of that, and he bides his time.

Is the US still mightier than Russia militarily? Almost certainly not. To quote Paul Craig Roberts once more (and he’s no amateur):

The Russians know that they can, at will within a few minutes, sink the entire US fleet, destroy every US airplane & ship in the ME & within range of the ME, completely destroy all of Israel’s military capability & wipe out the military of the two-bit punk state of Saudi Arabia.

I’ve written this before in the past: there is a big difference between how America sees and treats its military, and how Russia does it. A difference that explains how Russia can, with one tenth of American defense spending, still be militarily superior, or at least make any wars against it unwinnable.

That is, in the US the focus is not on making the best weapons, it’s on making the most money on weapons. Boeing, Raytheon, Lockheed will develop those weapons that are most profitable, not those that are most effective. The interminable story of the development of the Joint Strike Fighter is perhaps the best example of this, but there are many others. The Pentagon is a money pit.

Americans can perhaps still make the best weapons for the least money, but they don’t do it. Russia does. For Putin, the best weapons are a matter of survival. Russia has been under American threat as long as he can remember.

While Americans believe so strongly in their supremacy, and have grown so accustomed to the idea, that they no longer see having the best weapons as a matter of survival for the nation. They have come to see their superiority as something automatic and natural.

 

The attack on Syria is seen as a sign of weakness. Because there was no need for it. Because the evidence is flimsy at best. Because the world has international bodies to deal with such issues. Because there is no logic in allowing the blood to flow in the Gaza and Yemen but cite humanitarian reasons for bombing alleged chemical facilities elsewhere.

What the world sees is bluster emanating from a deeply divided nation (and we haven’t even tackled Britain). It sees that less than 48 hours after the airstrikes, a former FBI chief talks about his former boss in terminology that nobody would dare use in most countries, and throughout most of history,

James Comey is beyond Shakepeare. And in America, the issue is who’s right in the Comey-Trump conflict. In Russia, China et al it’s not. They see a house, a country divided. A weak country has no diplomacy.

That’s how all empires end. Complacency and division. That is what North Korea sees when it watches America, what China, and Russia see. And they may even know how Jesus put it. He didn’t just say a kingdom divided would become less powerful or wealthy, he said:

 

Every kingdom divided against itself is brought to desolation.

 

 

Dec 162017
 
 December 16, 2017  Posted by at 10:32 am Finance Tagged with: , , , , , , , , , , ,  


Ann Rosener Salvage. Chicago automobile graveyard. 1942

 

A Journey Through A Land Of Extreme Poverty: Welcome To America (G.)
The Chart That Jeffrey Gundlach Calls “Must Watch” For 2018 (ZH)
Ignorance Is No Excuse (Roberts)
Uber Stole Trade Secrets, Bribed Foreign Officials And Spied On Rivals (G._
While Truth Puts On Its Shoes (W.Standard)
Taking Liberty (Jim Kunstler)
France, Germany To Unveil Eurozone Reforms In March (AFP)
EU To Force Firms To Reveal True Owners In Wake Of Panama Papers (G.)
EU Gives Itself June Deadline On Refugees (K.)
First Vulnerable Child Refugee Arrives In UK From Greece (G.)
Ovid’s Exile To The Remotest Margins Of The Roman Empire Revoked (G.)

 

 

“That way lies 50 blocks of concentrated human humiliation.”

A Journey Through A Land Of Extreme Poverty: Welcome To America (G.)

Los Angeles, California, 5 December “You got a choice to make, man. You could go straight on to heaven. Or you could turn right, into that.” We are in Los Angeles, in the heart of one of America’s wealthiest cities, and General Dogon, dressed in black, is our tour guide. Alongside him strolls another tall man, grey-haired and sprucely decked out in jeans and suit jacket. Professor Philip Alston is an Australian academic with a formal title: UN special rapporteur on extreme poverty and human rights. General Dogon, himself a veteran of these Skid Row streets, strides along, stepping over a dead rat without comment and skirting round a body wrapped in a worn orange blanket lying on the sidewalk. The two men carry on for block after block after block of tatty tents and improvised tarpaulin shelters. Men and women are gathered outside the structures, squatting or sleeping, some in groups, most alone like extras in a low-budget dystopian movie.

We come to an intersection, which is when General Dogon stops and presents his guest with the choice. He points straight ahead to the end of the street, where the glistening skyscrapers of downtown LA rise up in a promise of divine riches. Heaven. Then he turns to the right, revealing the “black power” tattoo on his neck, and leads our gaze back into Skid Row bang in the center of LA’s downtown. That way lies 50 blocks of concentrated human humiliation. A nightmare in plain view, in the city of dreams. Alston turns right. So begins a two-week journey into the dark side of the American Dream. The spotlight of the UN monitor, an independent arbiter of human rights standards across the globe, has fallen on this occasion on the US, culminating on Friday with the release of his initial report in Washington. His fact-finding mission into the richest nation the world has ever known has led him to investigate the tragedy at its core: the 41 million people who officially live in poverty. Of those, nine million have zero cash income – they do not receive a cent in sustenance.

Read more …

History is a poet.

The Chart That Jeffrey Gundlach Calls “Must Watch” For 2018 (ZH)

Having shown us his favorite trade of the year for 2018, DoubleLine CEO Jeffrey Gundlach tweeted last night his “must watch” chart for 2018. “Since Jan SPX up big & way above MA’s all year…” “…yet JNK unchanged and below 50, 100 & 200 MA’s with a death cross even… As Gundlach concludes: This is “unusual… Must Watch”

So, what happens next?

Read more …

“80% of Americans continue to live paycheck-to-paycheck” That’s an economy that doesn’t have much of a foundation left. It’s wobbly at best, prone to collapse.

Ignorance Is No Excuse (Roberts)

On Thursday, the retail sales report for November clicked up 0.8%. Good news, right? Not so fast. First, sales of gasoline, which directly impacts consumers ability to spend money on other stuff, rose sharply due to higher oil prices and comprised 1/3rd of the increase. Secondly, building products also rose sharply from the ongoing impact of rebuilding from recent hurricanes and fires. Again, this isn’t healthy longer-term either as replacing lost possessions drags forward future consumptive capacity. But what the headlines miss is the growth in the population. The chart below shows retails sales divided by those actually counted as part of the labor force. (You’ve got to have a job to buy stuff, right?)

As you can see, retail sales per labor force participant was on a 5% annualized growth trend beginning in 1992. However, after the financial crisis, the gap below that long-term trend has yet to be filled as there is a 22.7% deficit from the long-term trend. (If we included the entirety of the population, given the number of people outside of the labor force that are still consuming, the trajectory would be worse.) But wait, retail sales were really strong in November? Again, not so fast. The chart below shows the annual % change of retail sales per labor force participant. The trend has been weakening since the beginning of 2017 and shows little sign of increasing currently.

While tax cuts may provide a temporary boost to after-tax incomes, that income will simply be absorbed by higher energy, gasoline, health care and borrowing costs. This is why, 80% of Americans continue to live paycheck-to-paycheck and have little saved in the bank. It is also why, as wages have continued to stagnate, that the cost of living now exceeds what incomes and debt increases can sustain. Yes, corporations will do well under the “tax reform” plan, and while the average American may well see an increase in take-home pay, it will unlikely change their financial situation much. As a result, economic growth will likely remain weak as the deficit expands to $1 Trillion over the next couple of years and Federal debt marches toward $32 trillion.

Read more …

Anyone surprised?

Uber Stole Trade Secrets, Bribed Foreign Officials And Spied On Rivals (G._

Uber allegedly engaged in a range of “unethical and unlawful intelligence collections”, including the theft of competitive trade secrets, bribery of foreign officials and spying on competitors and politicians, according to an explosive legal document published on Friday. It’s the latest chapter in the discovery process for the company’s messy legal squabble with Waymo, Google’s driverless car spin-off, which has accused Uber of stealing trade secrets. The details were outlined in a 37-page demand letter filed by the ex-Uber security manager Richard Jacobs, who left the company earlier this year. The document paints a picture of a team of employees dedicated to spying on rivals and “impeding” legal investigations into the company.

Jacobs alleges that when he raised concerns over the techniques being used, he was given a poor performance review and demoted as “pure retaliation” for refusing to buy into the culture of “achieving business goals through illegal conduct even though equally aggressive legal means were available”. He had sent the letter to Uber’s in-house counsel with his allegations about possible criminal activity carried out by the special group in May this year, threatening to sue the company. Uber did not provide the letter to Waymo as part of legal discovery before the trial started. An Uber spokeswoman said in a statement: “While we haven’t substantiated all the claims in this letter – and, importantly, any related to Waymo – our new leadership has made clear that going forward we will compete honestly and fairly, on the strength of our ideas and technology.”

Read more …

MSM destroying its credibility more every day.

While Truth Puts On Its Shoes (W.Standard)

Covering the Trump presidency has not always been the media’s finest hour, but even grading on that curve, the month of December has brought astonishing screwups. Professor and venerable political observer Walter Russell Mead tweeted on December 8, “I remember Watergate pretty well, and I don’t remember anything like this level of journalistic carelessness back then. The constant stream of ‘bombshells’ that turn into duds is doing much more to damage the media than anything Trump could manage.” [..] Since October of last year, when Franklin Foer at Slate filed an erroneous report on a computer server in Trump Tower communicating with a Russian bank, there have been an unprecedented number of media faceplants, most of them directly related to the Russia-collusion theory. The errors always run in the same direction—they report or imply that the Trump campaign was in league with Moscow.

For a politicized and overwhelmingly liberal press corps, the wish that this story be true is obviously the father to the errors. Just as obviously, there are precedents for such high-profile embarrassments in the past. Editors at top news organizations once treated anonymous sourcing as a necessary evil, a tool to be used sparingly. Now anonymous sources dominate Trump coverage. It’s not just a problem for readers, who should rightly be skeptical of information someone isn’t willing to vouch for by name. It’s a problem for reporters, too, because anonymous sources are less likely to be cautious and diligent in providing information. According to CNN, the sources behind the busted report on Trump Jr.’s contact with WikiLeaks didn’t intend to deceive and had been reliable in the past. Maybe so, but given the network’s repeated errors it’s difficult to just take CNN’s word for it.

But it’s one thing to use anonymous sources; it’s quite another to be entirely trusting of them. CNN decided to report the contents of an email to Donald Trump Jr. based only on the say-so of two anonymous sources and without seeing the emails. [..] For their part, the media don’t seem to be coming to grips with the damage they’re doing to their own credibility. CNN, which calls itself “the most trusted name in news,” didn’t retract their WikiLeaks report but rewrote it in such a way as to render the story meaningless. They also came to the defense of Raju and Herb, saying the reporters acted in accordance with the network’s editorial policies. And of course they didn’t out their sources—the ultimate punishment news organizations can mete out to anonymous tipsters who steer them wrong.

It understandably infuriates the media that President Trump remains unwilling to own up to his own glaring errors and untruths, while news organizations run correction after correction. And it also understandably upsets the media to watch the president actively attack and seek to undermine their work, which remains vital to ensuring accountability in American governance. What they haven’t grasped is how perversely helpful to him they are being: On a very basic level, President Trump’s repeated salvos against “fake news” have resonance because, well, there does indeed appear to be a lot of fake news.

Read more …

“The desperation to get rid of Trump by the Democratic Party and its handmaidens in the media has an odor of reckless dishonesty..”

Taking Liberty (Jim Kunstler)

I’m not a Trump admirer, didn’t vote for the guy (nor Hillary, either), am not invested emotionally in his political survival, but I do have a pretty firm idea of what he represents: primitive maleness in all its lumbering vulgarity. I can see why he has a certain symbolic appeal in a society that increasingly shouts “men need not apply here.” He also represents the widespread disappointment with the poor job that the remaining men in charge of things have done in recent decades caretaking this polity. They’ve managed to dodge the repair of every broken institution and duck engagement with any of the really scary problems facing citizens of this republic, from the gross disparities of wealth, to pervasive racketeering in health care and education, to our rotting infrastructure, to the quandaries of race, immigration, climate change — you name it and they have done squat.

Men mostly in charge of the FBI are currently busy demonstrating that they can completely botch the wished-for Trump-ending investigation of Russian “meddling and collusion” — whatever that is as a legal matter — under special prosecutor Robert Mueller. The agency begins to look like the brotherhood depicted on The Sopranos TV show some years back. The congressional committees (mostly men) with oversight on the FBI (and its umbrella agency, the Department of Justice) can’t even get a few deputy Attorneys General to answer a subpoena. If ever there was a display of feckless impotence, this is it. The desperation to get rid of Trump by the Democratic Party and its handmaidens in the media has an odor of reckless dishonesty from a faction that succumbs more and more each day to the dangerous idea that the ends justify the means.

Despite the momentary jubilation over the defeat of Roy Moore in the Alabama special election for senator, the party is close to committing suicide via the collective fantasy that all romantic gambits by men are always and everywhere a prelude to rape. But then, the Republican Party ought to be on suicide watch, too, as it debates a stupendously mendacious tax reform bill that will only shove the country closer to financial meltdown.

Read more …

2018 is set to become a very divisive year for the EU.

France, Germany To Unveil Eurozone Reforms In March (AFP)

Germany and France will offer their joint vision for reforming the eurozone by March, German Chancellor Angela Merkel said on Friday, in an effort to bridge divisions over the future of the single currency. Meeting without departure-bound Britain, the bloc’s 27 leaders were tasked by EU President Donald Tusk to speak freely about their often clashing visions for the single currency’s future at a summit widely expected to be dominated by Brexit. Overhauling the eurozone and making it more resilient to economic shocks has been a top priority of French President Emmanuel Macron, as well as for European Commission head Jean-Claude Juncker.

But these ambitions have been stymied by political uncertainty in Germany, where Macron ally Merkel is still trying to form a government after the pro-business FDP party abandoned talks amid doubts about eurozone reform. “We will find a common position because it is necessary for Europe,” Merkel said at a news briefing, speaking alongside Macron after a summit focused mostly on Brexit. Merkel’s overture to France will rankle her conservative CDU party which toes an austerity-minded line on economic matters, but appeals to Social Democrats, with whom she must now build a coalition. Reform of the eurozone is often blocked by political divisions, with rich countries – such as Germany and the Netherlands – reticent to adopt policies that share risks with their heavily-indebted eurozone partners, such as France, Spain, Italy or Greece.

Read more …

EU needs to open up about Luxembourg, Netherlands et al as tax havens.

EU To Force Firms To Reveal True Owners In Wake Of Panama Papers (G.)

Companies across the EU will be forced to disclose their true owners under new legislation prompted by the release of the Panama Papers. Anti-corruption campaigners applauded the agreement as a major step in the fight against tax evasion and money laundering, but expressed disappointment that trusts will mostly escape scrutiny. The revised terms of the EU’s fourth anti-money laundering directive include: • A requirement for companies to disclose their beneficial, or true, owners in a publicly available register. • Data on the beneficial owners of trusts to be available to tax and law enforcement authorities, as well as sectors with an obligation to follow anti-money laundering rules, such as lawyers. • A requirement for member states to verify beneficial ownership information submitted to their registers. • Extending anti-money laundering and counter-terrorism regulations to apply to virtual currencies, provision of tax services and those dealing in works of art.

EU member states will have 18 months to transpose the new directive into domestic legislation. As a current member of the EU, the UK will implement the legislation. “This is a big breakthrough and confirms that full transparency of corporate ownership is now the global standard against which other countries will be judged,” said Laure Brillaud, the anti-money laundering policy officer at Transparency International EU. “The EU deserves credit for taking this bold leap to end the secrecy that facilitates corruption, tax evasion and other crimes.” Global Witness applauded the move “in the face of opposition from countries like the UK, Luxembourg, Ireland, Malta and Cyprus,” but criticised the failure to introduce the same requirements for trusts.

Read more …

All the time in the world. Who cares about the misery?

EU Gives Itself June Deadline On Refugees (K.)

EU leaders appealed for unity in a last-ditch effort to break their deadlock on sharing out refugees by June, telling reluctant eastern states they could otherwise be outvoted on a dispute that has shaken the bloc’s foundations. Coming out from a fraught discussion among 28 EU leaders that went into the small hours on Friday morning in Brussels, rivals in the two-year-old dispute all stuck to their guns, hemmed in by expectations they have raised with their own voters. The Mediterranean frontline states Italy and Greece, and the rich destination countries including Germany, Sweden, Belgium, France, Luxembourg and the Netherlands are demanding that all countries host some refugees as a way to demonstrate solidarity.

Their four ex-communist peers Poland, Slovakia, Hungary and the Czech Republic refuse to accept people from the mostly-Muslim Middle East and North Africa, saying that would threaten their security after a raft of Islamic attacks in Europe. “There are areas where there is no solidarity and this is something I find unacceptable,” German Chancellor Angela Merkel told reporters. At one point during the two days of talks in Brussels, cameras caught Merkel, the bloc’s paramount national leader, as she appeared to become agitated when talking with the leaders’ chairman, Donald Tusk, making her displeasure with him clear. That came after Tusk, a former prime minister of Poland, came out strongly against “ineffective” and “highly divisive” obligatory refugee quotas, ruffling the feathers of those states that back them as well as the executive European Commission.

“The manner in which the principle of solidarity was being questioned does not only undermine the discussion on the refugee issue, but the future of Europe,” Greek Prime Minister Alexis Tsipras told reporters after what he called “intense” talks. Tusk said the ineffectiveness of relocation schemes was demonstrated by the fact that only 35,000 asylum seekers had been transferred from Greece and Italy under a 2015 plan meant to move 160,000 people. “Mandatory quotas remain a contentious issue,” Tusk told a joint news conference with the Commission’s head Jean-Claude Juncker, the disagreement between the two playing out visibly despite their usually friendly rapport. “Relocation is not a solution to the issue of illegal migration.”

Read more …

Oh well, that only took a year and a half. Were they hoping his suicide attempts would be successful?

First Vulnerable Child Refugee Arrives In UK From Greece (G.)

The first vulnerable child refugee stranded in Greece who qualifies for sanctuary under the Dubs amendment has arrived in the UK, more than a year after the government pledged to bring over hundreds of children. The Home Office had accepted that the boy was vulnerable and eligible for transfer 16 months ago. The Dubs amendment, part of the 2016 Immigration Act, was passed after a campaign to transfer 3,000 unaccompanied child refugees stuck in camps to Britain. There are more than 3,300 unaccompanied children in Greece, 11,186 in France and 13,867 in Italy. The Home Office agreed to resettle 480 under the Dubs scheme. Conditions for lone children in Greece have been condemned by Human Rights Watch, which found filthy cells infested with bugs and vermin, sometimes without mattresses or access to showers.

Hammersmith and Fulham council in west London has stepped in to offer the boy a home and one of its social workers travelled to Greece to assess the child, who has lost contact with his family in Syria. The boy, who is said to be deeply traumatised, was detained until last month in a police cell with no access to medical professionals, and forced to sleep on an inch-thick mattress on the ground. Police said the boy had repeatedly self-harmed, tried to kill himself and was at “imminent risk” of doing this. According to Antonia Moustaka, a lawyer for the humanitarian agency Praksis, he spent more than 380 days in psychiatric clinics, 124 days in shelters for unaccompanied minors and six weeks in police detention.

[..] George Gabriel, the project lead at the charity Safe Passage, said: “There are more than 3,300 unaccompanied children in Greece and only 1,130 spaces in shelters. The winter is bitterly cold and conditions are getting worse. “Over a year and a half ago, the Dubs amendment brought hope that hundreds of these kids would be brought to safety. It has been appalling to watch these minors wait, month after month, on bureaucratic delays.”

Read more …

Only took 2,000 years. What were all other mayors of Rome during that time thinking?

Ovid’s Exile To The Remotest Margins Of The Roman Empire Revoked (G.)

More than 2,000 years after Augustus banished him to deepest Romania, the poet Ovid has been rehabilitated. Rome city council on Thursday unanimously approved a motion tabled by the populist M5S party to “repair the serious wrong” suffered by Ovid, thought of as one of the three canonical poets of Latin literature along with Virgil and Horace. Best known for his 15-book epic narrative poem Metamorphoses and the elegy Ars Amatoria, or the Art of Love, Publius Ovidius Naso was exiled in 8 AD to Tomis, the ancient but remote Black Sea settlement now known as the Romanian port city of Constanta. He remained there until his death a decade later. Although ordered directly by the emperor, scholars have long speculated over the motive for Ovid’s exile; the poet himself attributed it to “carmen et error”, a poem and a mistake.

Experts believe the cause was probably a combination of three factors: that Ovid’s erotic poetry was considered offensive, his attitude to Augustus was too disrespectful, and that he may have been involved in an unspecified plot or scandal. La Republicca reported that M5S, which holds a majority of the seats on the council, demanded that “necessary measures” be adopted to revoke the order in what the capital’s deputy mayor, Luca Bergamo, described as an important symbol. “It is about the fundamental right of artists to express themselves freely in societies in which, around the world, the freedom of artistic expression is increasingly constrained,” Bergamo told councillors.

Ovid was indisputably “one of the greatest poets in the history of humanity,” the deputy mayor said, and moreover the real reasons for his mysterious banishment by the emperor “were never placed on the historical record”. Sulmona, the Abruzzo town where the poet was born (then Sulmo), formally acquitted him of any wrongdoing. Dante, the great Renaissance poet, was similarly pardoned in 2008 by Florence – from where he was exiled on pain of death in 1302.

Read more …

Feb 282017
 
 February 28, 2017  Posted by at 2:33 pm Finance Tagged with: , , , , , , , ,  


Willem de Kooning Gotham News 1955

 

You could perhaps say that this is part 4 in a series on -America’s- peak wealth, even if it was never intended to be such a series; it just happened. First, in a February 18 essay about declining economic growth, “Not Nearly Enough Growth To Keep Growing”, I said “..the Automatic Earth has said for many years that the peak of our wealth was sometime in the 1970’s or even late 1960’s”.

That prompted a reply from long-time Automatic Earth reader Ken Latta, which he turned into an article a few days later which I published on February 23 as “When Was America’s Peak Wealth?” Ken reasoned that America’s peak wealth was sometime in the late ’50s to early 60’s.

Then yesterday, I posted “Peak American Wealth – Revisited”, which contains Ken’s responses to what various readers had written in the Comments section of the second piece. I remarked that many of the commenters seemed, like Ken, to be in their 70s. All this led to an even livelier and more personal Comments section for that article, including quite a few by younger readers.

Not that I ever had the impression that the Automatic Earth had become an old folks home, I just figured ‘older’ people are more likely to be triggered by talking about the 1960s, a period the younger only know from second-hand accounts. Still, it’s good to see, also in private emails, that there are quite few in their 20s and 30s who’ve been reading us for many years, and who do understand quite a bit about the crisis we’re in.

One of the mails I received was from long time acquaintance (for lack of a better word, I don’t think we ever met) Charles A. Hall. I’ve been familiar with Charlie’s work as systems ecologist on energy -in a very broad sense- for a long time, and have always held him in high esteem. That he reads the Automatic Earth on a regular basis is of course a privilege for us. That what he sees as my mistakes urge him to write an article is an even greater honor.

I’ll let Charlie do his own PR line: “Dr. Hall is Emeritus Professor at State University of New York College of Environmental Science and Forestry, Syracuse. Author of 13 books and nearly 300 scientific papers on these topics including Energy and the wealth of Nature (with Kent Klitgaard) and his new Energy Return on Investment: a Unifying Principle for Biology, Economics and Sustainabiity (both from Springer Press).”

And I do agree with the honorable professor that discussing peak US wealth without giving energy a prominent position in that discussion is far from ideal. At the same time, economic systems can fall apart of their own accord and/or through human hubris. Even with equal or growing energy availability, no everlasting growth is guaranteed -or even possible.

Interesting detail is that Dr. Hall puts the ‘peak wealth time’ in the late 70s to early 80s. That’s quite a bit later than either Ken Latta or I did, and than most of our commenters seem to do. But point taken: absent energy no wealth can be created. Here’s Charlie:

 

 

Charles A. Hall: I keep being amazed at the inability of economists, commentators and most regular citizens to fail to understand the importance of resources in general and petroleum (oil and gas) in particular to the material well being of society. This is exemplified by the recent posts of Latta and Meijer. I provide a few simple graphs to make my point, and then below add some excerpts lifted and slightly modified from our book (Hall and Klitgaard, Energy and the Wealth of Nations, Springer).

John Hickenlooper, when he was Mayor of Denver, understood the importance of oil and its restrictions. He said: “This land was originally settled by the Sioux. Everything that the Sioux depended upon, their food, clothing, shelter, implements and so on, came from the bison. They had many ceremonies giving thanks and appreciation to the Bison. We today are as dependent upon oil as the Sioux were on the bison, but not only do we not acknowledge or celebrate that, but most people do not have a clue”. Since 2010 global oil production is no longer increasing and may indeed be decreasing. Almost certainly it will decrease substantially in the future as we enter, in the words of geologist Colin Campbell, “the second half of the age of oil”.

The American dream was the product of industrious and clever people working hard within a relatively benign political system that encouraged business in various ways, but that all of these things also required a large resource base relative to the number of people using it. A key issue was the abundance of oil and gas in the United States, which was the world’s largest producer in 1970. But in 1970 (and 1973 for there was a clear peak in US oil production, and while the continued increase in oil production worldwide buffered the United States (and other countries) from the local peak it seems clear by 2017 that global oil production has reached its own peak while demand from around the world continues to grow.

This mismatch between supply and demand resulted in a sharp increase in the price of oil and many economic problems that we believe it caused, at least in part, including the stock market decline of 2008, the sub-prime real estate bust, the failure of many financial corporations, the fact that some 40 odd of 50 states are officially broke and that there is a substantial decrease in discretionary income for many average Americans. As developed later …. all of these economic problems are a direct consequence of the beginning of real shortages of petroleum in a petroleum-dependent society.

 

 

The historical ability to achieve wealth in the United States is in large part a consequence of the incredible resource base once found on the North American continent. These include initial endowments of huge forests, immense energy and other geological resources, fish, grass and, perhaps of greatest importance, rich deep soils where rain falls during the growing season.

While many other regions of the world also have, or had, a similarly huge resource base the United States has several other somewhat unique important attributes. The fact that these resources have been exploited intensely for only a few hundred years (vs. many thousand as in Europe or Asia), the presence of large oceans separate us from others who might want our resources; results in resources per capita that is relatively large, an extremely low human population density in the past and even now, so that the resources per capita is still relatively high.

A critical component of these patterns was the large increase in labor productivity during the first two thirds of the 20th century. This allowed both industry owners and labor, especially of the largest corporations, to do better and better. What was less emphasized but enormously clear in retrospect was that to allow the economy to expand it was possible to massively increase the production from oil, gas and coal fields, some new, and some old but barely tapped previously, so that once the economic engine was started there was a great deal of high quality energy available. The United States began using many times as much energy per person as had been the case relatively few decades before or was the case in Europe.

But in 1973 the United States experienced the first of several “oil shocks” that seemed, for the first time, to inject a harsh note of vulnerability into the united chorus of the American Dream for all. Before the 1970s nearly all segments of American society – including labor, capital, government, and civil rights groups – were united behind the agenda of continuous economic growth. The idea that growth could be limited by resource or environmental constraints, or, more specifically, that we could run short of energy-providing fossil fuels was simply not part of the understanding or dialog of most of this country’s citizens. But this was to change in the 1970s.

 

 

In retrospect, we can now say that the pillars of post-war prosperity began to erode in the 1970s and early 1980s, and that changes in the social sphere also began to complicate and add to the biophysical changes derived from the decline in the availability of cheap oil. Even though the oil market had stabilized and cheap energy returned to the United States in the late 1980’s, the changes in the structure of the economy were long lasting. The economy ceased growing exponentially, although it continued to grow linearly but at a decreasing rate, from 4.4 percent per year in the 1960s to 3.3, 3.0, 3.2 to 2.4 percent to close to one percent in the following decades.

Many formerly “American” companies became international and moved production facilities overseas where labor was cheaper and oil, no longer cheaper in the US compared to elsewhere, was the same price, although cheap enough to pay for the additional transport required. The decrease in labor costs when production facilities were moved to other countries outweighed the costs and the process of globalization accelerated. Productivity growth (formerly strongly linked to increasing energy used per worker hour) in manufacturing industries began to slow, falling from 3.3% per year in the 1966-1973 period to 1.5% from 1973-1979 to essentially zero in the early 1980s.

 

 

Mainstream economists seemed at a loss to explain this phenomenon. Their statistical models, which relied on the amount of equipment per worker, education levels and workforce experience left more factors unexplained than explained. Even the profession’s productivity guru, Edward Denison, had to admit that the seventeen best models explained only a fraction of the problem, leaving half of the increase in wealth unexplained. But Denison’s model did not include energy, but only capital and labor. When Reiner Kummel and his colleagues included energy in the same model they found that the unexplained residual disappeared and that energy was even more important than either Capital or Labor.

My point, and this could be emphasized with many more citations and analyses, is that humans for some peculiar reason are unable or unwilling to give natural resources, the biophysical basis of real economies, their proper due. The days of abundant, cheap, exponentially growing availability and use of many resources, including especially high quality fossil fuels, is forever behind us. Fracked oil is expensive and already declining, we still import about half our oil, and consequently our economy cannot physically grow as readily as in the past. While there are many reasons beyond resources (such as concentration of wealth) for the failure of our economy to grow, we must first start with biophysical reality.

 

See also my new book “Energy Return on Investment: A unifying principle for Biology, Economics and Sustainability (Springer)

 

 

Nov 132016
 
 November 13, 2016  Posted by at 5:57 pm Finance Tagged with: , , , , , , , , ,  


Esther Bubley Waiting for Greyhound bus trip from Memphis to Louisville, KY 1943

 

Been scribbling several some post-election notes over the past few days, it seemed a good idea to not publish things too soon after the upset, even if I at least had the advantage that it wasn’t that much of a surprise or upset. But I’ve read far too many people too eager to write about how they haven’t moved an inch, and too many others who have -mostly reluctantly- moved but don’t know how or where to. It’s okay to think about such matters first, guys and dolls. Make that: it’s better. There’s too much nonsense out there as is. Why bother adding to the pile? Here’s a few thoughts in no particular order:

 

 

The transition we find ourselves in, into an era as profoundly different as it will be from the one that preceded it, can only possibly be chaotic. Smooth is not an option. Because it takes much time for people to recognize let alone accept that there is such a transition to begin with, and not everyone acknowledges or accepts it at the same time. Many never will at all, they will be left behind in their own realities tied down by the chains of what once was.

This transition is the one away from economic growth and globalization -centralization in general- and towards smaller, less centered and grandiose, politics and markets. It is not an idealistic transition towards self-sufficiency, it’s simply and inevitably what’s left once unfettered growth hits the skids. It doesn’t have to be anywhere near as bad as people would have you believe, or at least not necessarily so. What could make it real bad, though, is the widespread resistance and denial which seem certain to meet it.

Our entire worldviews and ‘philosophies’ are based on ever more and ever bigger and then some, and our entire economies are built upon it. That has already made us ignore the decline of our real markets for many years now. We focus on data about stock markets and the like, and ignore the demise of our respective heartlands and flyover countries, even as we experience Brexit and Trump and similar movements set to come to many more countries.

Donald Trump looks very much like the ideal fit for this transition – but nor because he understands the issue itself, or its implications. What matters is he promises to bring back jobs to America, and that’s what the country needs. Not so they can then export their products, but to consume them at home, and sell them in the domestic market.

That is the future of the world post-growth, and post-globalization. Every country and every society needs to focus on self-reliance, not as some idealistic luxury choice, but as a necessity. And that is not as bad or terrible as people would have you believe, and it’s not the end of the world. What would be terrible is if all we do is try and restart growth and globalization, because that would be a hideous waste of time and resources.

You’ll be flooded in the years to come, even more than today if you can imagine, with terms like protectionism and isolationism and even populism, but ignore all that. There’s nothing economically -let alone morally- wrong with people producing what they and their families and close neighbors themselves want and need without hauling it halfway around the world for a meagre profit, handing over control of their societies to strangers in the process.

There’s nothing wrong or negative with an American buying products made in America instead of in China. At least not for the man in the street. It’s not a threat to our ‘open societies’, as many claim. That openness does not depend on having things shipped to your stores over 1000s of miles, that you could have made yourselves at a potentially huge benefit to your local economy. An ‘open society’ is a state of mind, be it collective or personal. It’s not something that’s for sale.

 

 

Earlier this week I read what looks to be an apt observation: ‘Every white person in New York who didn’t vote for Trump is now out in the streets protesting against him’. But the people who protest now are miles off target and months too late: they should have stood up for Bernie when it became clear that the Hillary camp and the DNC conspired to oust him. Indeed, Bernie himself should have stood up back then, not for himself but for his supporters; they would have stood up with him.

Whether they all like it or not, being asleep and/or silent when big things happen that count, does carry a price. If you drop the ball, you can’t just pick it back up again and pretend it didn’t fall. Shouting ‘not my president’ in the wake of an election is a sign of weakness, no matter how well-intentioned. The protests should have taken place before the election, not after.

Moreover, to a large extent people are up in protest against the image the Hillary campaign and the media have painted of Trump, not the man himself. A difference they cannot see. Would these same people have been protesting if Hillary had won? No, they wouldn’t. But why?

Many voices expressed the wish that Americans would vote for Hillary, a story about a woman and a glass ceiling, instead of for the male and allegedly sexist and misogynist Donald Trump. Simply because she’s a woman, and it’s time for a female president.

These voices have been consistently and for a long time been blind to the fact that Hillary’s campaign and Foundation, in legal, shady and downright illegal ways, have long been financed to a substantial degree by uber-rich men in charge of Middle East oil extracting nations who have far more misogynist views and attitudes towards women than Trump will ever have.

These men carry things like misogyny, racism, xenophobia and homophobia high and proudly in their banners. Also, they’re well on their way towards obliterating not just an entire country in Yemen, but indeed an entire people, all with the enthusiastic support of Obama, Hillary and their friends and donors in the arms industry. And lest we forget, they sponsor ISIS too. Is that the future Americans want?

 

 

The bright side is the chances of a war with Russia have gone down substantially. While the odds have gone up dramatically of much fewer US servicemen and -women being sent abroad to engage in endless and countless battles and wars that never seemed to have much to do with the US, going back all the way to Korea and Vietnam.

How can either of these things can be perceived as negative? The continuation and expansion of -often proxy- hostilities versus Moscow would have been cast in stone had Hillary been elected, it was a milestone of her entire campaign. And a major part of this would have been fought at some desert location in the Middle East.

Where America has needlessly squandered the lives of many of its young and finest, to and in a mad scramble over control of oil resources which has resulted in nothing but a shapeless chaos that has equally needlessly killed millions of people, sent millions of others fleeing their homes and razed entire ancient civilizations, accomplishments that will follow America around the world for many years to come. Is that the future Americans want? Double down?

There’s -undeniably- still a risk that Donald Trump will succumb to the mighty hand of the military industrial complex. But at the same time, he may well be the country’s -and the world’s- best if not only chance at making that hand that much less mighty. There may be many things wrong with Trump -there are- but being in the pockets of arms manufacturers and other doctors of death is so far not among them, to our best knowledge.

 

 

Hillary and her crowd ran the entire election process from inside a cocoon, built largely on hubris and a lack of contact with the world outside. They had the media so much on their side that TV and newspapers became part of the Hillary cocoon, and reporters got locked into a groupthink mode that then in its turn infected the campaign itself.

What I mean is you can’t stop at saying Trump is a disaster, so let’s pick the other side, it was always very much a choice between two disasters. And at the same time, as I wrote at the Automatic Earth the day of the election, the US presidency is a poisoned chalice. There’s nothing simple about this.

Trump means a big clean-up for the GOP, and the Hillary loss means the chance for the Democrats to do the same. You bet those folks realize achingly well they could have won with Bernie. Hopefully that wing can take over substantially from the lying conniving machinery the DNC has turned out to be.

Someone summed it up as: Trump swept aside the Republicans, the Democrats, the Bush dynasty and the Clinton dynasty, all in one fell swoop, and we should perhaps be thankful to him for that.

 

 

Trump has run his campaign catering to the anger that exists among Americans. And people experience and label that as ‘terrible’ and ‘awful’. His Republican friends and opponents find it terrible, because it scares the bejeezus out of them, and they’re too scared to go anywhere near that anger. Trump embraced the anger. Because he knew from the start, instinctively, that it was the only way he could win.

And you can think like the majority of your peers do, that all that commingling with the anger, with racists and bigots and what have you, is inexcusable. But what you miss out on if you take that approach and hold on to it, is that in that case the anger does not get addressed at all. It’s instead left free to just wander over the land and fester and grow on society, out of reach of politics, media, everything.

A certain by now very vilified cartoonist explained that what Trump does is to ‘feel’ what the angry crowd wants, and then play into it by making over the top statements targeted at the anger. That way this crowd will follow him, gather around him. This has worked like a charm. But no, that doesn’t make him look like a certain German dictator.

Because it does not mean that Trump is going to literally do everything he said in the over the top statements he made. It’s all just a basic sales trick. Trump makes the angry people feel like he knows, and cares about, their grievances. Just like a car salesman makes you think he knows just what you want and need in a car, and praises the assets of that car in such a way that it touches that part of you which makes you want the car.

But that doesn’t mean at the end of the day he’ll drive the same car home that you just bought off of him. He makes you think he is like you, and knows what you want, so he can sell you that car. That’s all. He’s judged you to be the right ‘target’ for that vehicle.

That is how Trump has reeled in America’s hidden anger, how he has gathered its lost hidden mob. And before you say anything else, it’s perhaps a good idea to wonder where that anger would go without Trump. Because it’s not going to go away by itself. It’s been growing and festering for a long time, and it’s well-armed, lest you forget.

The question then becomes: would America be a better, or a safer, place if the entire angry part of its population had again, and still, been ignored by everyone? Or is it better to have them gathered under the umbrella of Donald Trump? Take your pick. Don’t be shy.

Another way to phrase the issue is this: without the exact same sales tactics that Trump used to ‘gather the anger’ around him, the TV ads (most ads in general) you see on a daily basis would look completely different. Whatever products these ads sell, from detergents to cars, they do it by referring to your unconscious, not your rational abilities.

The ads, like Trump, sell feelings, not facts (if you don’t get that, you’re lost).

Yet nobody would think of taking the companies whose products are advertized this way to court -nobody even gets really angry with them- because the happy smily people and unending open roads bathed in sunshine from the ads do not magically appear once you purchase the product. We would even find that crazy, that anyone might take the images shown in the ads, literally.

We should interpret Trump’s campaign words along those same lines, the same way we ‘undergo’ the ads that play to our subconscious. The problem is, how do you do that? How do you interpret what you are largely unaware of on a rational level?

The president-elect will now need the same skills in order to ‘come down that mountain’ without antagonizing each and every side of the discussion, of the nation. He’ll have to convince the liberal camp that he didn’t mean everything he said in a literal sense, while at the same time keeping his ‘angry mob’ satisfied that he will do enough of what he promised them.

That will take a lot of persuading. But at the same time that happens to be the one thing he’s really good at. He’ll have to convince his voters that he’s not breaking his promises, just adjusting them in ways that will, if at all possible, be even more beneficial to them than the original ones.

Difficult, but if he can convince them that there are signs, delivered relatively fast, that their living conditions are improving, he may succeed. They just vent their anger at people that are visibly not themselves, but that’s not where the anger stems from.

 

 

There are all sorts of nasty things going on, racists and supremacist etc. But you can’t say that Trump caused that to happen. The most you could say is that he gives the people involved in that stuff the idea that because someone finally hears them, they can, are allowed to, make themselves heard.

But just because a few loose cannons let loose, doesn’t mean America has 60 million loose cannons who all voted for Trump and should all be condemned including Trump himself for good measure because there’s a few incidents. Not only is that a misinterpretation of what goes on, it prevents you from understanding what lies behind.

Those incidents at least have a lot to do with the fact that so many ignored Americans live in what Washington has long considered flyover country. It would be a lot more positive and productive at this point in time if everyone looks at what they themselves have gotten wrong over the past years -not just this election campaign- before pointing fingers at everyone but themselves.

But seeing the dug-in heels in Britain almost five months after the Brexit vote, it’s hard to get your hopes up about people coming together, or even doing some genuine introspection. It’s easier to just remain stuck in your comfy little rut.

Thing is, the world is rapidly changing -it already has-, America is changing, Britain is, and many more countries will, it just takes an election to show how much. We’re transitioning to a next phase, and trying to deny we are with all our might, good luck and good night.

Or in a more poetic fashion – we can do that too-:

 

the blizzard of the world
has crossed the threshold
and it has overturned
the order of the soul

 

 

 

 

Oct 102016
 
 October 10, 2016  Posted by at 6:46 pm Finance Tagged with: , , , , , , , , ,  


Elliot Erwitt New York 1955

If the US presidential debate last night showed anything, it must be that just about everyone has dug themselves into their trenches and had no desire whatsoever to ever came out.

This seemed especially clear on the Hillary side, which appeared to include -to an extent- ‘moderators’ Anderson Cooper and Martha Raddatz, judging from their interruptions. But, granted, they were the only biased side in the discussion, so we don’t really know what trenches the Republicans have dug.

The biggest problem with biased moderators is that people notice their bias. Not those who are on one side already, it passes them by. But others do. And perhaps more importantly, -in this case-, Hillary’s team loses its ability to adopt a neutral view. And she will therefore hear so much praise that she can’t figure out if she’s not done too well.

To illustrate that point: the main takeaway must be that Trump won the debate hands down, but that’s the opposite of what Hillary sympathizers concluded and what various polls said. It’s still true though, if only for one simple reason. That is, for 48 hours straight all talk and ‘reporting’ had been about Trumps lewd ‘words’ on the Access Hollywood tapes.

Trump really was cornered, and he knew it, everyone knew it. But after the second debate, and within 90 minutes, most of the talk turned towards how he ‘threatened’ to jail Hillary. Now, that’s not what he said, but even if he had, it’s something a lot more people sympathize with than with his language on the tapes. That’s a lot of territory ‘conquered’.

Meanwhile, even the likes of Paul Ryan don’t seem to grasp what happened overnight (he apparently think Hillary already won). What he doesn’t appear to see is, again, that Trump looked completely lost for 48 hours, but doesn’t look so lost now. There are 4 weeks and a day left in the campaign, and a lot can still happen.

Look, Trump is a buffoon. The word could have been invented specifically to define him. And it would be a very bad idea to make him president of the US. But that doesn’t mean the idea of making Hillary president is any better. It may well be worse, for a variety of reasons.

What the debate made clear once more is that America stands face to face with itself, it’s looking in a giant mirror, one which -only- in choice moments does not contort its own image, and America finds there’s nothing to like about what it sees in those brief moments in that mirror. And then therefore immediately proceeds to contort that image like it’s used to doing.

America may not like to look at its own stone cold hard reality, but it’s better than any culture ever in painting a picture of itself that it does like. In fact, it’s the first nation ever that made exactly that its main goal in life.

The Brits, the French and the Dutch try to hide their dark colonial and slave trading pasts, but America built an entire culture around contorting its history, right there in Hollywood, with ‘stars’ like John Wayne and John Ford being celebrated for movies that celebrate the annihilation and violent submission by the white man of both Native Americans and African slave populations.

In that same vein, the ‘heroic exploits’ of US soldiers in Muslim countries from Libya to Afghanistan in the past decades are now a major topic for the next generation of twisted history in movies and other media, in which invasions, drone killings and carpet bombings are portrayed as acts of bravery that warrant Purple Hearts. While the people whose lives and cultures are destroyed are swept under the first available carpet.

 

But that’s another story for another time. Back to last night’s debate. Trump may have won big, but he left some substantial scraps on the table that he may yet come to regret. Perhaps he was too focused on digging himself out of the ‘grab that pu**y’ hole -and yes, that is foul- to notice he was already out. Hard to say. He has the intuition, but does he have the brain?!

The first thing either The Donald or one of his team members must hammer down, urgently, is the way past stupid narrative of Russia’s involvement in US politics. Hillary repeatedly brought it up again, and it’s cheap fare for her, she can say anything she likes on the issue, no-one will contradict her or check any facts.

There were all these alleged fact-checkers ‘active’, but they dare not check the facts on this (there are none). Anything the Democratic Party wants to hide, it is free to hide behind Putin. No questions asked. That is insane at best, and Trump should have halted the narrative.

As should Cooper and Raddatz, and the army of fact checkers, but the fix was in. The low point must have been the allegation that Wikileaks is linked to Putin. Really? Come with facts, or forever hold your tongue. Too much cheap fare, hollow as can be, and Hillary build much of her story on it. Not good on the part of the Trump people.

I was reading an August 2 piece by Timothy O’Brien at Bloomberg the other day on Trump’s Russian connections, and Tim seems to start off with good hope of ‘inking the deal’, but ends up admitting there’s no there there.. The entire narrative of Trump’s Russian connections is as false as John Wayne’s heroism in slaughtering Native Americans. He should have cut that tale short in the debate, He didn’t.

Hillary gets to say, without any interruption or fact checking that “Russia has decided who it wants to be president, and it’s not me.” and that is way beyond any comprehension, really. There is zero proof of that, as there is of everything the US claims about Russia.

For all we know, Putin would much prefer Hillary to be president, because he sees Trump as a much stronger opponent when the chips are down. Hillary’s allegations are just a narrative she thinks will appeal to voters. She’s wrong. At least when it comes to those who wouldn’t have voted for her regardless of the narrative.

 

The second issue Trump desperately needs to put to bed is the one of his taxes. And mind you, I did say Trump should not ever be president of the US. That’s my perspective.

Hillary again last night painted a picture of Trump leaving US veterans out in the cold by not paying enough taxes. Trump retorted by saying Buffett (not Jimmy) and Soros do the same. But that’s a huge missed opportunity.

Paying taxes in America, and in any western nation, is not some voluntary exercise; there are laws, and they are some of the most stringent and most punishable there are. You cheat on your taxes, and the IRS or their equivalent in other countries have the power to go after you like no other government institution. Tax cheats very often go to jail.

That none of this has happened to Trump means, it’s that simple, that he did not break the law. He has used to the law to his advantage, just like everyone else who could, sure, But there’s not an inch of evidence, not even a hint, that he did anything illegal.

Hillary’s campaign is well aware of this, so the issue gets presented as some -pretty opaque- moral issue: ‘You didn’t do well by our veterans’. But what could he have done? Should Trump be the only American, or only western citizen, to tell the IRS to please take another extra $10 million or so, or $100 million, after they were done auditing him? So he wouldn’t be attacked 20 years on when running for office? It makes no sense in any sense.

And yes, the situation is very different if you’re on a payroll for some company, you can’t deduct what Trump could. But he’s not alone in that; in fact, all American entrepreneurs are in the same boat, and they will all try to swing that boat in the direction that fits them best. And Hillary loves these entrepreneurs as much as anyone when it suits her purposes. And her accountants do the same thing, they follow the same principle. Perhaps for lesser amounts, but that’s not the point.

Trump’s taxes are a non-issue, a brainless narrative. Not something for Hillary or anyone else to use as some innuendo-laden topic, anymore than Trump can use Hillary’s tax files against her in an ‘innuendo illegal’ way. Any judgment on that is up to the IRS, not either the Republican or Democratic campaigns. It’s ridiculous that Hillary can use that in a debate, and Trump and his people should have shut that venue down long ago.

But anyway, we have that 4 weeks and a day to go, and there’ll by much more to ‘enjoy’. Still, Trump came back last night from very very far away. No matter what CNN and other polls may say. Those polls are as biased as the night’s moderators.

It might be a good idea to realize that a year ago nobody ever gave Trump a shot at the gold medal, and his support never came from the people who conform with CNN (which nobody watches stateside anyway) or ABC.

We’ll talk again soon. Meanwhile, I’m with Susan Sarandon, who says bring it on, bring on Trump, because she despises Hillary, and because:

Donald Trump will bring the revolution immediately; if he gets in then things will really explode.”

Sort of like what I wrote before, that if you must choose between two very bad options, might as well pick the worst and get it over with: