Wednesday, June 28, 2017

"How It Really Is"

Greg Hunter, James Howard Kunstler, “Major Crisis of Culture and Economy Coming Soon”

James Howard Kunstler, 
“Major Crisis of Culture and Economy Coming Soon”
By Greg Hunter’s 

"Author/journalist James Howard Kunstler has been in the writing business for decades and has never seen the geopolitical and economic landscape in America look like it does today. Kunstler explains, “I have never lived through a time, and it’s obvious I have lived a long time in American history that is as crazy as this one. The part that is the most disturbing is the people who used to be sane have now completely gone off the rails. I am speaking of the Democratic Party. The nonsense that is coming out of that wing of our politics has really become a reality optional political party.”

On the so-called Russia collusion story and the 2016 election, Kunstler says, “What is the strangest part of the whole story is that we have heard nothing but the phrase ‘collusion, Russian collusion, Russian interference’ in the election for the last 12 months. I have yet to hear anybody say what it actually was that they colluded with, or what they actually did other than getting the emails of the DNC and John Podesta and making them public. That doesn’t seem to be what they are talking about. We have to find out what they mean by collusion and interference because nobody wants to say.”

On the state of journalism, Kunstler, who is a prolific writer and has authored 20 books, contends, “It’s amazingly disappointing. What else can you say? It makes you wonder if the people at the New York Times, CNN and the Washington Post are just underpaid and dumb or whether they are just so dogmatic and ideologically agenda driven that they have become reality optional. They are not interested in what’s really going on in the world, but only in the ‘narrative’ they are trying to push. It’s hard to understand how a culture can decay to this degree, but that’s what we are seeing. We are seeing the culture of journalism just rot away. What we are seeing is extremely politically driven media.”

Kunstler points out that all markets are rigged and is “worried” about the true state of the economy. Kunstler says, “Many have accepted the fact that the authorities can keep on producing these perversions and distortions of finance forever with no consequences. That’s the part that is really missing. That’s the part of that story that is missing is the idea that there are any consequences for intervening, perverting and distorting the price discovery mechanism of markets. That is the fundamental purpose of a market. The idea that that can go on indefinitely without producing consequences is absurd.”

So, how does Kunstler think this will play out? Kunstler says, “There is an appearance that they can carry on these shenanigans forever, but sooner, rather than later, we are going to see consequences. My guess is it will appear in the form of people losing their confidence in the value and the meaning of the money they are using. That would be a currency crisis. Right now, they have no reason to believe in the value of the things in the markets because the markets have been so distorted. Eventually, I think it will be a matter of them losing confidence in the currencies themselves. I think that’s where it’s going to start to accelerate into a major crisis of culture and economy.”

"Join Greg Hunter as he goes One-on-One with journalist James Howard Kunstler, 
author of the new book “A Safe and Happy Place,” his 20th book."

X22 Report, “The US Is Becoming A 3rd World Nation As The Economy Breaks Down: Paul Craig Roberts”

X22 Report, “The US Is Becoming A 3rd World Nation
 As The Economy Breaks Down: Paul Craig Roberts”

"Trump Plays Nuclear ‘Chicken’ With Putin Over Syria"

"Trump Plays Nuclear ‘Chicken’ With Putin Over Syria"
by Eric Zuesse

"U.S. President Donald Trump is playing a game of nuclear “chicken” with Russian President Vladimir Putin, regarding Putin’s threat on June 19th to go to war against the United States if the U.S. again shoots down, inside Syria - in the sovereign territory of the internationally-recognized-as-legal sovereign Syrian government - Syrian aircraft, or the aircraft of any of the foreign governments that have allied with Syria: Russia, Iran, and China.

After the U.S. had shot down a Syrian government plane on June 19th, which was bombing jihadists whom the U.S. government backs in order to overthrow the Syrian government, Russia announced“In areas where Russian aviation is conducting combat missions in the Syrian skies, any flying objects, including jets and unmanned aerial vehicles of the international coalition discovered west of the Euphrates River, will be followed by Russian air and ground defenses as air targets” - meaning ordered out, or else immediately shot down.

That would place the U.S. and Russia in a traditional war against each other, over Syrian territory (Russia to protect Syria’s government, U.S. to replace it by a Saudi-allied jihadist one). The loser in that war, over the battlefields in Syria, would then have only one way to prevent defeat, which is a blitz nuclear attack against the other’s homeland, World War III between Russia and U.S., which would be ‘won’ by whichever of the two sides suffered the less damage (irrespective of whether the entire planet and ultimately all life will then have actually been destroyed by the exchange). The first side to attack would knock out many of the other side’s retaliatory silo-based ICBMs and thus probably be the ‘winner’, though that’s not certain (since most nukes aren’t silo-based).

Russia’s announcement is basically saying that direct war between Russia and the U.S. will result if the U.S. persists in its effort to conquer Syria, but the Washington Post has said that it’s really only a ‘bluff’, and CNBC has said that it’s only ‘bluster’, and Trump is now splitting hairs over whether he goes with that view (the neoconservative view) to continue the war against Assad, or whether Trump instead will abandon the neoconservative effort and withdraw American forces from Syria once ISIS there is defeated.

Both President Emmanuel Macron of France, and Prime Minister Theresa May of UK, have already gone on record as supporting the neoconservative position, that the U.S. and its allies should dictate to the sovereign government of Syria, and that Syria’s government should obey. Macron himself has even warned that “the use of chemical weapons will be met with a response, and even if France acts alone.”

The summit meeting of the heads of state of the G20 countries will take place in Hamburg on 7 and 8 July 2017. Included there will be not only the U.S.-allied leaders - especially Macron, May, and Saudi Arabia’s King and Crown Prince - but also Putin, and also China’s Xi Jinping. There is some press-speculation that Trump wants to negotiate a deal there for Russia to abandon its alliance with Syria, and also its alliance with Iran. President Obama had tried to do that, but Putin declined the proposal. Perhaps the Western alliance is making these soundings of moving forward despite the Russian warning, so as to increase the pressure on Putin to cave, to crack him. In any event, the jihadists (agents of the Sauds) in Syria know that if they again set up a chemical attack so as to blame it on Assad, the U.S. and its allies have already committed themselves to go to war to overthrow Syria’s government (for ‘humanitarian reasons’). Any jihadist group there could thus pull the trigger even prior to the G20 Summit. Perhaps a jihadist will indeed pull the trigger, but would the U.S. then serve as the gun that some of Trump’s federal employees have promised the U.S. will be in such an instance? 

In a game of chicken, each side threatens, and maybe also deceives, so that its opponent will believe the worst; but the individual who pulls the trigger might turn out to be an obscure person about whom the general public knows nothing. It happened in WW I, and there is no reason why it couldn’t happen again. Furthermore (as that linked-to source also well documents), underestimating the seriousness of a head-of-state’s commitments, can produce global catastrophe.”

"URGENT: Unusual Flights of US Spying Planes over Syrian Coasts"

Michael Rivero comments: "IF, in fact, these reports are true, the timing, and the increase, of these recon flights concerns me greatly, after the debacle of Trump and his minions accusing the Syrian government of wanting to do more chemical attacks against their own people. I have to wonder if Trump, Mattis, and Tillerson are actually contemplating a decap strike against Damascus, coupled with an attempted regime change, and soon; such an act would be fraught with horrific risks, because Putin has declared that any such a move would mean that Russia would be at war with the United States."

"If It's True..."

“If it’s true that our species is alone in the universe, then I’d have 
to say that the universe aimed rather low and settled for very little.”
- George Carlin

Tuesday, June 27, 2017

Musical Interlude: 2002, “Remember Now”

2002, “Remember Now”

"A Look to the Heavens"

“Following an ancient galaxy-galaxy collision 200 million light-years from Earth, debris from a gas-rich galaxy, NGC 5291, was flung far into intergalactic space. NGC 5291 and the likely interloper, also known as the "Seashell" galaxy, are captured near the center of this spectacular scene. The sharp, ground-based telescopic image looks toward the galaxy cluster Abell 3574 in the southern constellation Centaurus. 
Click image for larger size.
Stretched along the 100,000 light-year long tidal tails, are clumps resembling dwarf galaxies, but lacking old stars, apparently dominated by young stars and active star forming regions. Found to be unusually rich in elements heavier than hydrogen and helium, the dwarf galaxies were likely born in intergalactic space, recycling the enriched debris from NGC 5291 itself.”

"The Truth..."

 "Men occasionally stumble over the truth, but most of them 
pick themselves up and hurry off as if nothing ever happened."
- Sir Winston Churchill

X22 Report, “The Perfect Economic Storm Is About To Hit & Most People Are Not Ready”

X22 Report, “The Perfect Economic Storm Is About 
To Hit & Most People Are Not Ready”
Related followup report:
X22 Report, “Start The Countdown, 
The Summer Months Are The Elite's Time To Create Havoc”

The Daily "Near You?"

High Springs, Florida, USA. Thanks for stopping by!

Chet Raymo, “The Silence”

“The Silence”
by Chet Raymo

“The hiding places of my power
Seem open; I approach, and then they close;
I see by glimpses now; when age comes on,
May scarcely see at all, and I would give,
While yet we may, as far as words can give,
A substance and a life to what I feel...”

"These few lines from Wordsworth's "The Prelude" leapt off the page at me this morning. They capture well enough what my life has become. All those years of teaching, of writing in the Boston Globe, were years of sharing public knowledge, knowledge that had been vetted by the scientific community. The work was not about me. The teacher was me, the writer was me, but what I taught and wrote was reliable, consensus knowledge of the world. A student in my classes or a reader of my newspaper columns would have been hard pressed to know my politics or my religion or the nature of the questions that came in the darkest hours of the night. And that is the way it should have been; that was my homage to objectivity.

Those were valuable years, years of building up a sturdy polder in the sea of mystery, a place to stand with a firmness of foot. And now, in retirement, with time on my hands- and on my mind- I find myself more inclined to explore what Wordsworth called "the hiding places of my power." I approach. They close. I touch with my hand the surface of the pond that Pat wrote about the other day; my hand comes out of the depths to meet me. I see by glimpses. It is, I suppose, a kind of forgetting. With the forgetting comes a certain freshness. My fingertip touches the surface of the world from above and from below, and concentric circles spread outwards, rippling, like a soundless sound, and I struggle, in words, as best I can, to give a substance and a life to what I feel.

This does not mean, I trust, that I am going soft, finding supernaturalist religion or getting all New Age squishy as "age comes on." I keep my feet planted on solid fact and read my weekly "Science" and "Nature" along with my Wordsworth. No, it is rather a simple freedom to explore the hiding places, attending to private particulars as opposed to public universals, listening for the small voice that whispers from the nooks and crannies of yet unassimilated reality.

There is a passage in "The Prelude" where a young Boy (the poet?), standing in evening air by the glimmering lake, makes a mimic hooting with his hands to his mouth and the owls answer. Twooo-twooo. And the reply. Twooo-twooo. Then, unaccountably, the answers cease. And in the silence the boy becomes more keenly aware than ever of water, rocks, and woods, and mountain torrents, "that uncertain heaven, received into the bosom of the steady lake." Thoreau has something similar. He rejoiced in owls; their hoot, he said, was a sound well suited to swamps and twilight woods. The interval between the hoots was a deepened silence, suggesting, to Thoreau, "a vast and undeveloped nature which men have not recognized." It is that that I now attend: the deepened silence between the hoots.”

The Poet: Wendell Berry, "The Circles Of Our Lives"

"The Circles Of Our Lives"

"Within the circles of our lives
we dance the circles of the years,
the circles of the seasons
within the circles of the years,
the cycles of the moon,
within the circles of the seasons,
the circles of our reasons
within the cycles of the moon.

Again, again we come and go,
changed, changing. Hands
join, unjoin in love and fear,
grief and joy. The circles turn,
each giving into each, into all.

Only music keeps us here,
each by all the others held.
In the hold of hands and eyes
we turn in pairs, that joining
joining each to all again.
And then we turn aside, alone,
out of the sunlight gone
into the darker circles of return,
Within the circles of our lives..."

- Wendell Berry

"How It Really Is"

"US May Be Preparing for 'Preemptive Strike' on Syria Amid Chemical Weapons Claim"

"US May Be Preparing for 'Preemptive Strike' on
 Syria Amid Chemical Weapons Claim"
by Sputnik

"The United States might be preparing for a "preemptive" attack on Syrian government troops as the White House warned of a possible chemical attack allegedly planned by Damascus, senior Russian lawmaker Konstantin Kosachev said Tuesday. Earlier in the day, the White House claimed that Washington had identified "potential preparations" for a chemical attack by Syrian President Bashar Assad’s forces. The Kremlin commented on the claims and said that it considers US' threats against Syrian legitimate leadership to be "unacceptable." Damascus also denied the information.

Michael Rivero comments: "I think the Russian analysis, presented here at, is completely reasonable. We are most likely looking at an horrific false flag operation, courtesy of the US military and various Us alphabet soup agencies in Syria, to be blamed on the Syrian government, as the justification for a full-scale invasion of Syria, in order to attempt regime change in Damascus. But the questions I would have to ask about such a scenario are:

1. Why would al-Assad do this when his troops are winning against ISIS on the ground?
2. Weren't Syria's chemical weapons completely destroyed under a Russian brokered, and UN-supervised program several years ago?

Of course, such an invasion most probably means war with Russia, but what does the American Deep State care about the good of 'We the People?' The short answer is, absolutely nothing. They have their elaborate bunkers, and top of the line survival gear in hand; the rest of us can just die of radiation sickness, and they won't give a damn.

This is officially insane, and the fact that the US government collectively thinks, for one millisecond, that the American people would believe this codswallop, demonstrates that they have learned utterly nothing from having lied this country into the the military misadventures which are still with us, Afghanistan and Iraq."
"This is officially insane," Rivero writes. To relentlessly risk nuclear war IS an insane act, to any rational human being. But what if they're not "rational human beings" at all, instead an intra-species predator genetically proven different from the 94% of the rest of us? What then? It would explain a great deal...

"When you've eliminated the impossible, whatever remains,
 however improbable, must be the truth."
- "Sherlock Holmes", by Sir Arthur Conan Doyle

"Imagine - if you can - not having a conscience, none at all, no feelings of guilt or remorse no matter what you do, no limiting sense of concern for the well-being of strangers, friends, or even family members. Imagine no struggles with shame, not a single one in your whole life, no matter what kind of selfish, lazy, harmful, or immoral action you had taken. And pretend that the concept of responsibility is unknown to you, except as a burden others seem to accept without question, like gullible fools. Those who have no conscience at all are a group unto themselves, whether they be homicidal tyrants or merely ruthless social snipers.

Now add to this strange fantasy the ability to conceal from other people that your psychological makeup is radically different from theirs. Since everyone simply assumes that conscience is universal among human beings, hiding the fact that you are conscience-free is nearly effortless. You are not held back from any of your desires by guilt or shame, and you are never confronted by others for your cold-bloodedness. The ice water in your veins is so bizarre, so completely outside of their personal experience, that they seldom even guess at your condition. In other words, you are completely free of internal restraints, and your unhampered liberty to do just as you please, with no pangs of conscience, is conveniently invisible to the world."

"Fish Are the Last to Notice the Water"

"Fish Are the Last to Notice the Water"
by Paul Rosenberg

"I ran into this phrase in a physics lecture, of all places, and knew it would be the title of my next article. And this is generally a true statement. Those who are immersed in something… who have always been immersed in it… are the last to see what it really is.

By now it should be obvious to the people of the West that they’re being held in a primitive bondage. And fortunately, more eyes are opening to this than ever before. But still, most people are so used to this particular “water” and have so long acclimated themselves to it, that they haven’t recognized it. There’s nothing inherently wrong with most of these people; they just haven’t stepped back far enough to see the obvious. So, let’s do that.

The Long View: A single model of human life has dominated the West for thousands of years. I can summarize by saying that this rulership model began to form in about 5400 BC, dominated Mesopotamia by about 4000 BC, took hold in Egypt by 3000 BC, and spread over the rest of the world from there. So, it has dominated for some 5,000 or 6,000 years, depending on which dates you prefer.

This model is so common that it’s hard to make out at first. Here are its parts:

A small minority of men hold a monopoly on making rules everyone else will live by.
This minority enforces these rules on everyone else.
The minority extracts regular payments from everyone else. This is said to be necessary for protection and justice.
The minority fails to provide justice on a daily basis and very often sends the children of the majority to fight in battles to the death.
A minority-aligned intellectual class assures the majority that this is the best that can be had and that it has been sanctified by some higher power (gods, ancestors, tradition, reason, experience, progress, or whatever).
No one is permitted to escape this model. Those who try are punished as traitors and heretics.

This is the primary model of human organization and has been for some 5,000 years. And aside from arguing over details (or fury over the audacity to say it), there is no real challenge to this statement. Moreover, this model has been an abject failure – a demonstrable failure:

Wars have continued throughout its entire reign.
Justice has never been achieved and generally came closest in places away from power centers.
Human happiness has not noticeably increased.
Even when science has broken out, it has been recaptured and forced to serve the model. (The internet, for example.)

On top of that, this model has to be maintained by force. As noted above, straying from it is harshly punished. If this system was truly superior, force wouldn’t be required. After all, we don’t have to force people to buy houses or cars. So, by any number of measurable standards, this model fails, and very, very badly. The best defense one might make for it is that something else could be worse. But since we’re not permitted to test that assertion, the word bondage is perfectly fitting.

At a bare minimum, we can say this: Any system with no major upgrade in 5,000 years must be considered hopelessly obsolete, moribund, and degenerate. This is where we stand today. And it is crucial that we help our fellows see it.

How Do We Do Make Them See? First off, we cannot make people see. And truthfully, they generally see it quite well on their own. What they lack is inner strength to acknowledge what they see. It is not intellectual strength that most people lack; it is emotional strength. And so, you’ll have to be slow and gentle if you want success. Rigorous intellectual arguments are not enough, and in many cases they’re counterproductive.

In the end, the way to help your friends and neighbors is downright biblical: Plant seeds, wait for them to germinate, water them. Show kindness, love them, shine light on their path. It doesn’t matter if this sounds hokey to you or if you’d rather engage in brilliant arguments. This is what works. So, decide what you really want: for your friends and neighbors to see, or for you to “win.” The fish need faith to imagine a dry shore, and they’re not going to get it from intellectual badgering.”

Musical Interlude: Neil H, “The Remembering”

Neil H, “The Remembering”


"Everything ends, and Everything matters. Everything matters not in spite of the end of you and all that you love, but because of it. Everything is all you've got…and after Everything is nothing. So you were wise to welcome Everything, the good and the bad alike, and cling to it all. Gather it in. Seek the meaning in sorrow and don't ever turn away, not once, from here until the end. Because it is all the same, it is all unfathomable, and it is all infinitely preferable to the one dreadful alternative."
- Ron Currie Jr.

"My Interest..."

"For me the world is weird because it is stupendous, awesome, mysterious, unfathomable; my interest has been to convince you that you must assume responsibility for being here, in this marvelous world, in this marvelous desert, in this marvelous time. I want to convince you that you must learn to make every act count, since you are going to be here for only a short while, in fact, too short for witnessing all the marvels of it."
- Carlos Castaneda

"How to Really Make America Great Again"

"How to Really Make America Great Again"
by Bill Bonner

"Today, a simple proposal for making America great again. But first an update on our recent trip to Ireland. When we left you yesterday, we were visiting our headquarters in the town of Portlaw in County Waterford, Ireland, where we have become the biggest employer. Portlaw is not a fancy town. It is plain, modest and tidy, with rows of small factory-worker houses - most of them stuccoed and painted much like the old industrial bedrooms of Baltimore.

In the teashop, the only place to get a hot sandwich, we noticed all the seats were taken. Children out to lunch (school is still in session) took up many of the tables. The few others were crowded with newcomers - our employees.

Though three or four houses are for sale - from about $80,000 to $350,000 - one of our American exports said he could find nothing for rent. ‘I bet these prices are going to go up,’ said our Baltimore transplant. ‘It’s not very fashionable. But it’s so cheap and easy to live in Portlaw [rather than commute to and from Waterford City, 30 minutes away], demand is bound to increase. And there’s a bar for sale. If I had the energy, I’d buy it. Nobody ever lost money owning a bar in Ireland.’

Grand style: Over the weekend, we toured the oldest house in the area, Curraghmore. It was built by the Anglo-Norman de la Poer family beginning in the 12th century.

Curraghmore House in County Waterford, Ireland

After conquering England in 1066, some of the Normans kept going west. Led by Richard de Clare, they landed near here and soon were masters of the ground. But rather than keep close connections with their cousins in England and Normandy, they picked up the Gaelic tongue and customs, and were soon more eager to keep out the outsiders than the natives themselves.

The estate passed from generation to generation, only once through the female line; it is still in the family 800 years later. Many great houses in Ireland have been abandoned by their owners, fallen to ruin, or have been turned into golf estates and tourist attractions. This one is still in use, by the same family.

They live here year-round - in much the same grand style they always did. Hunting parties and large, formal dinners are weekly affairs. The rest of the time, the family rumbles around in the huge house amid the accumulated glories and trivia of eight centuries of history. Portraits cover the walls. Memorabilia fill the shelves. Furniture, much of it hundreds of years old, fills the open spaces.

One ancestor shot lions in Africa, and brought them back to prove it! One fell off his horse hunting foxes nearby and broke his neck. Another attempted to rescue Gordon at Khartoum. There’s a painting to illustrate his illustrious relief effort; he is dressed in a white uniform on the deck of a British warship headed up the Nile. ‘General Gordon practically begged his commanders for reinforcements,’ explained the butler who gave us the tour. But headquarters dilly-dallied until the situation was dire. Then they sent three ships up the Nile. Two of them couldn’t make it past the short artillery. Only one got through. But it was too late. When he arrived in Khartoum, he found the entire British force slaughtered, with General Gordon’s head on a post in front of the fortress.’

Fighting Irish: Ireland supplied the British Empire with many of its finest fighting men. The ‘British’ general who surrendered to Washington at Yorktown was an Irishman, General Charles O’Hara. The ‘Iron Duke’ of Wellington was Irish too, something he was not eager to advertise. When asked about it at a dinner party, he replied: ‘Just because you are born in a stable, it doesn’t make you a horse.’

None of the Irish officers in the British Army, as far we know, came back from his foreign adventures as ignobly as the Anglo-Irish general who commanded the British forces at the Battle of New Orleans, the final major battle of the War of 1812. Major General Sir Edward Pakenham was filled with grapeshot by one of Andrew Jackson’s backwoodsmen. The ill-tempered aristocrat was shipped home to Ireland in a cask of rum. Arriving at his estate at Tullynally, County Westmeath, a relative remarked: ‘Well, the general returns to us in better spirits than he left.’

Win-lose world: But let’s get down to business. Yesterday, we gave our opinion about what would have to be done to bring ‘transformational’ change to the US. Dear readers needn’t worry. None of those reforms we proposed will be enacted. That’s just the point. When the insiders get control of a government, the last thing they want is real change. Instead, they fight among themselves over who will get what - some of it merely symbolic, most of it material.

Our proposals can be reduced to a single sentence: Make America Safe for Win-Win Deals Again. Why are win-win deals so important? In a nutshell, without win-win deals, there is no progress, no freedom, and no civilization. Take away the win-win deals and the whole shebang goes into a slump - the economy, the government, and society.

That’s what we’re seeing in America, with lower growth rates, more debt, and more meddling by the authorities. It will get worse, we predict. That is not a world that your editor looks forward to. That is a win-lose world, and it wears many different wigs and moustaches, pretending to be an angel of mercy one day, and a national hero the next.

That is the world Russia entered in 1917, and stuck with for the next 70 years. It is the world, too, that Germany entered in the 1930s, and emerged from dazed, shell-shocked and broke in 1945. China sank into it completely (after a ghastly civil war and brutal invasion) in 1949; it largely escaped in 1979 with the economic reforms of Deng Xiaoping.

Nations and economies are always in danger of falling for the win-lose world. It promises quick solutions, easy money, and the hollow pride of bullying others. But in public life - as in private life - win-lose is a loser. More to come…”

"That's What's Important..."

"I want you to always hold your head up and follow your dreams wherever they take you. Don't you ever listen to the people out to hurt you or make you cry. Listen to your heart and be better than them. No one gets ahead by hurting others. The only real peace anyone will ever have is the one that comes from within. Live your life on your own terms and make it a happy life. Always. That's what's important.” 
- Sherrilyn Kenyon

The Poet: Charles Bukowski, "Mind and Heart"

"Mind and Heart"

"Unaccountably we are alone
forever alone
and it was meant to be
that way,
it was never meant
to be any other way–
and when the death struggle
the last thing I wish to see
a ring of human faces
hovering over me–
better just my old friends,
the walls of my self,
let only them be there.

I have been alone but seldom
I have satisfied my thirst
at the well
of my self
and that wine was good,
the best I ever had,
and tonight
staring into the dark
I now finally understand
the dark and the
light and everything
in between.

Peace of mind and heart
when we accept what
having been
born into this
strange life
we must accept
the wasted gamble of our
and take some satisfaction in
the pleasure of
leaving it all

Cry not for me.

Grieve not for me.

what I’ve written
forget it

Drink from the well
of your self
and begin

- Charles Bukowski

Monday, June 26, 2017

"Revealed: The Exact Date of the Coming Apocalypse"

"Revealed: The Exact Date of the Coming Apocalypse"
by Brian Maher

"We now have - on some authority, no less - the precise hour of the coming financial collapse. We’ve circled the judgment day on our calendar, in funereal black. We’re hurrying our last will and testament in preparation thereof… arranging our affairs… bending every effort to get right with our almighty maker.

When does the terrifying day arrive? Answer anon. But let us first check in on today’s markets, while there’s still time remaining. Stocks don’t seem to realize they go on borrowed time. The Dow was up 15 points today to 21,409. The S&P’s up just a point, but still up. Only the Nasdaq shows any inclination of its fate - down 18 points today. Even gold, the doomsday metal, fails to heed the doomy chimes. It’s down $11 today, as if all is peace with the world.

But we suspect the end must be near when the likes of Goldman Sachs, JPMorgan, Citi and Bank of America all implore their clients to "go to cash." Which they’ve done.

“It’ll be a cascade, an avalanche,” wails Eric Peters, CIO of One River Asset Management. Peters is the Nostradamus of today’s reckoning. He’s the seer who peered into the future and jotted down the apocalyptic date. What rings the knell of doom according to Mr. Peters? The global credit impulse.

Peters says a collapse of the global credit impulse signals the end. The credit impulse is the change in new bank credit as a percentage of overall GDP. It measures the amount of borrowing in the economy. Deutsche Bank economist Michael Biggs, who coined the term, says the credit impulse gives a highly accurate EKG of the beating economic heart. And it’s currently flashing cardiac arrest.

UBS analyst Arend Kapteyn warned earlier this year that the global credit impulse - covering some 77% of global GDP, no less - had “suddenly collapsed." And now he writes: "From peak to trough, the deceleration in global credit growth is now approaching that during the global financial crisis [-6% of global GDP]."

The EKG of a seizing heart:

Returning to our prophet of apocalypse, Zero Hedge reports that Mr. Peters believes the cataclysm “will begin with an increasingly tighter Fed.” We remind you that the Fed raised rates earlier this month - the third in six months - with more in prospect. Janet Yellen certainly does appear… determined.

Jim Rickards knows why: "Not because the Fed believes the economy is getting stronger, but because it is desperately trying to catch up - before the next crisis." Jim seems to confirm the dying credit impulse and indicates the attempted cure: "The economy is slowing. Even without any action, retail sales, real incomes, auto sales and even labor force participation are all declining. Every important economic indicator shows that the U.S. economy is slowing right now. They’re getting ready for a potential recession where they’ll have to cut yet again. Then it’s back to QE. You could call that QE4 or QE1 part two."

Jim says the Fed’s now embarking on quantitative tightening, or QT. It will soon begin clawing back the behemoth balance sheet it amassed after the 2008 collapse. Ah, but the date. We’ve held you in suspense long enough, dear reader...

The date of apocalypse: Feb. 14, 2018 - Valentine’s Day.

Mr. Peters’ crystal ball offers this unfolding vision: "Balance sheet reduction will start slowly. And proceed for a few months without a noticeable impact. The Fed will feel validated. But when the global credit impulse reverses, it’ll be a cascade. An avalanche. And I pin the tail on that donkey to be Valentine’s Day, 2018."

The date seems reasonable to our own Charles Hugh Smith. And for one primary reason: "Next February is a good guess, as recessions and market downturns tend to lag the credit market by about nine months."

Of course we offer this woeful vision of Valentine’s doomsday with heaping doses of table salt. And we suspect this Peters fellow is simply pulling legs with his day-and-hour act. Such knowledge exceeds the reach of mortal man. But the makings of disaster appear cemented in place, and we suspect it’ll all come to rough business soon enough. In the meantime, let us eat, let us drink... and let us be merry… for the global credit impulse is dying."