Thursday, October 31, 2019

Greg Hunter, "Weekly News Wrap-Up 11/1/19"

"Weekly News Wrap-Up 11/1/19"
By Greg Hunter’s

"Speaker of the House Nancy Pelosi passed a resolution that makes official the unfairness of the lopsided so-called Impeachment Inquiry. The resolution gives all the power to the Democrats and leaves zero due process to the President or the Republicans. The only way Democrats can make up evidence is to make it unfair. This looks like a desperate attempt to remove a duly elected President by total fraud. This is simply a Halloween trick to make the public think this is fair. The Pelosi/Schiff impeachment inquiry is anything but fair and now it’s official.

The Federal Reserve cut a key rate again by .25%. Fed Head Jay Powell says don’t count on another rate cut anytime soon. The Fed is digging in on more cuts even though the economy is slowing down. What gives?

Congresswoman Tulsi Gabbard has been lionized with her anti-war stance, but is she really a standup person looking out for “We the People”? The short answer is no, and she just voted for the totally unfair impeachment process. It looks like there is a lot more “rot” in the Democrat party than Hillary Clinton as Gabbard has recently charged. Oh, by the way, both Gabbard and Clinton are members of the anti “We the People” Council on Foreign Relations (CFR). Birds of a feather flock together now don’t they?

"Join Greg Hunter of as he talks 
about these stories and more in the Weekly News Wrap-Up."

"Walking Through Your Fear, Emerging Courageous"

"Walking Through Your Fear, Emerging Courageous"
by Madisyn Taylor, The DailyOM

"Frequently, in walking through our fear, we discover that the strength of our fright was out of sync with reality. The situations, activities, and individuals that frighten us remain static. Their relative intensity does not change. Fear, on the other hand, self-magnifies. It is when you are afraid and envisioning all that might go wrong that the energy underlying your fear grows. A tiny flicker of anxiety can easily develop into a terror that manifests itself physically and eventually paralyzes you into inaction. Though frequently, in walking through that fear, we discover that the strength of our fright was out of synch with reality. And we learn that doing what frightens us can lead to great blessings. Confronting your trepidation head-on will help you accept that few frightening scenarios will ever live up to the negative disasters that we sometimes play out in our minds.

Though fear is literally an evolutionary gift meant to sharpen your senses and energize you during times of great stress, it can nonetheless become a barrier that prevents you from fulfilling your potential by causing you to miss out on rewarding, life-changing experiences. During the period before you face your fear, you may have to deal with a barrage of negative thoughts and emotions. Walking through it, whether your fear is public speaking, taking part in an activity that makes you nervous, or asserting yourself when the odds are against you, may be equally as difficult. But once you have emerged unscathed on the other side, which you will, you will likely wonder why you assumed the worst in the first place. As you spend time worrying about what might happen, it's good to know that your fear probably won't happen at all. It may feel like a great weight has been lifted from your shoulders, and you will likely feel a sense of passionate pride. Walking through your fear can mean taking risks and can require both practice and patience. Since it is challenging to act when you are gripped with fear, start small.

Each step you take into fear will strengthen you and help you confront future fears with poise, courage, and confidence. You will also find that when you are willing to stare your fear in the face, the universe will always offer you some form of aid or support. When you see the heights of accomplishment and personal evolution you can attain when you walk through your fears, your faith in yourself will grow, allowing your next step to be easier."

"A Beast Of Prey..."

 “Take hope from the heart of man, 
and you make him a beast of prey.”
   - Quida

"When Good News Is Bad News"

"When Good News Is Bad News"
by Brian Maher

"Like a streetwalker attempting to defend her virtue, Jerome Powell is attempting to defend his honor. Last December he nearly insisted additional rate increases and quantitative tightening were etched in marble. And yet... Not one year later he has thrice lowered rates. And quantitative tightening? It is but a remote and cobwebbed memory. What remains of this fellow’s dignity, his pride, his amour propre... we cannot say. But now he is standing his defiant ground…

Powell’s Latest Line in the Sand: Mr. Powell insists - after yesterday’s latest prostitution to Wall Street - no additional rate cuts are in prospect. Only a “material change” would shake him off his bedrock, whatever that might be. But be not deceived… The “pause” will prove brief. Additional rate cuts are forthcoming - depend on it. Why are we so supremely confident? Details to follow. First a salacious glance inside the cathouse…

Trade War Strikes Again: The stock market opened to red numbers today. And so yesterday’s post-announcement glow proved fleeting. Once again the trade war claims credit. As Bloomberg reports this morning: "Chinese officials harbor severe doubts that a trade deal with the United States is possible." They are evidently distressed by President Trump’s “impulsive nature.” They fear he may yank the rug from under any deal at any time, for any reason.

Affirms Eswar Prasad, who once captained the IMF’s China team and currently professes at Cornell University: "They are quite pessimistic. They fear that any deal that they negotiate with Trump could blow up in their face."

The Dow Jones lost 146 points on the day. The S&P lost 9, the Nasdaq 11. Gold, meantime, gained $18 today. But why are we so certain the Federal Reserve will soon depress interest rates again?

The Curious Tale of the Yield Curve: Is it because third-quarter GDP registered a lilting and languishing 1.9% increase? Is it because the global economy is hurtling toward recession? We expect these factors to weigh heavily.But let us now suggest another, vastly overlooked explanation… The yield curve.

As we have noted often, the yield curve inverts when long-term Treasury yields dip beneath short-term yields. It is a grim economic omen. It means the bond market expects little growth ahead - or worse. Inverted yield curves precede recessions nearly as reliably as days precede nights, horses precede carts… or lies precede elections. An inverted yield curve has preceded recession seven of seven occasions these past 50 years. Only once did it shout wolf - in the mid-1960s.

The yield curve inverted in April. It further inverted during the summer months. But earlier this month - on Oct. 11 - the yield curve un-inverted. That is, long-term Treasury yields once again exceeded short-term yields. The spread has only steepened since. That is a splendid indication of a healthful economy.

The president’s chief economics man, Larry Kudlow, thus declared: "Here’s the good news: The yield curve - 10s versus bills, 10s versus 2s - has now finally moved back into a normal position. Long rates are now above short rates."

Good News Is Bad News: “Wait,” you say… “Before you said an inverted yield curve is a nearly perfect warning of recession. Now you’re saying the yield curve has un-inverted and steepened, which is a sign of a healthy economy. How is that bad?” You ask a stumping question. But we anticipated your objection, and prepared a response.

Here is your answer: The yield curve nearly always un-inverts - and steepens - prior to recession. That is correct. The bond market gives off an all-clear signal prior to recession. Why? Here is the likely answer: The Federal Reserve first sniffs trouble. It then begins to furiously hatchet rates against approaching recession - and we remind you, yesterday’s rate cut was the third this year. This fierce assault upon rates pummels short-term yields back down beneath long-term yields. Thus the yield curve un-inverts, and offers the illusion of renewed economic vigor.

Explains “Bond King” Jeffrey Gundlach: "What people don’t understand is that when the recession is getting to be close to your doorstep, the curve actually steepens out because the Fed gets the joke, finally, that they’re behind the curve and they need to cut interest rates more."

Alas… it is too late. Recession is soon upon us.

A 40-year Record of Almost Perfect Accuracy: The record is clear as gin. Only once in 40 years - in 1998 - did it cry a false warning. Here strategists Martin Enlund and Andreas Larsen of Nordea Markets canvass the history: "Looking at the inversions of the U.S. curve since 1978, a re-steepening (un-inverting) of the curve seems to occur during (1980, 1981) or preceding U.S. recessions (1990, 2001, 2007). Indeed, over the past 40 years, only during the successful precautionary rate cuts in 1998 did a re-steepened yield curve not constitute a worrisome sign. We must therefore conclude the un-inverting of the yield curve is a woeful and lamentable development - despite the mainstream rah-rahs."

Once the evidence of recession is in, the Federal Reserve will proceed against interest rates with even greater abandon. But here is a dilemma in waiting…

The Fed Is Dangerously Low on Ammunition: History indicates rates must rise between 4% and 5% to wage successful war upon recession. But after yesterday’s rate cut the federal funds rate ranges between 1.50% and 1.75%. Mr. Powell and friends will therefore enter the approaching combat at half-strength - or possibly less. They will drag rates ultimately to zero. But there they will encounter massive, savage resistance at the zero bound.

Do they press the attack, attempt to pierce the enemy defenses, and break through into negative territory? The present commander in chief argues yes. He would order them crashing into the breach. From this morning’s dispatch: "Over in Europe and Japan they have NEGATIVE RATES. They get paid to borrow money. Don’t we have to follow our competitors?" Our suspicion is they will. We suspect equally that negative rates will fail, as they have failed in all known examples. Please see Japan, which has wallowed for decades. Please see Europe, which presently verges upon recession.

Nuclear War: That is why the authorities will resort ultimately to nuclear warfare — Modern Monetary Theory (MMT). They will explode thermonuclear devices of cash over Main Street. It will come raining down like so much confetti. From there it will circulate freely and widely. But it will bring a false prosperity. That is because any prosperity that springs from the printing press is illusion. But illusions die hard - especially the illusion that money equals wealth. Like many wars, this one will yield a dreadful inflation. And the inflationary fallout could sicken for years and years..."

Musical Interlude: 2002, “Timeless”, Playlist

2002, “Timeless”, Playlist

"A Look to the Heavens"

“Large spiral galaxy NGC 891 spans about 100 thousand light-years and is seen almost exactly edge-on from our perspective. In fact, about 30 million light-years distant in the constellation Andromeda, NGC 891 looks a lot like our Milky Way. 
Click image for larger size.
At first glance, it has a flat, thin, galactic disk of stars and a central bulge cut along the middle by regions of dark obscuring dust. But remarkably apparent in NGC 891's edge-on presentation are filaments of dust that extend hundreds of light-years above and below the center line. The dust has likely been blown out of the disk by supernova explosions or intense star formation activity. Fainter galaxies can also be seen near the edge-on disk in this deep portrait of NGC 891."

Chet Raymo, “Out Of The Silence”

“Out Of The Silence”
by Chet Raymo

"A few words about Douglas Christe's “The Blue Sapphire of the Mind: Notes for a Contemplative Ecology”, the title of which is drawn from the 4th-century monastic writer Evagrius of Pontus: "When the mind has put off the old self and shall put on the one born of grace, then it will see its own state in the time of prayer resembling sapphire or the color of heaven."

It is a beautiful image, although I am not at all sure what it means. We are separated from Evagrius by centuries, by a Scientific Revolution, by the Enlightenment. I am not suggesting that we have nothing to learn from the ancients, or that certain of human longings and concerns are not so deeply ingrained in our biology as to resist cultural modification. Only that the metaphors we use to describe our most profound experiences are drawn from the times in which we live, and it is difficult for a person of the 21st century to enter into the mind of a 4th-century monk.

Doug's book is about the Word, which I take as an expression of the Divine as revealed through the world. The Word graces and redeems the world; we have only to listen. Which, in Doug's view, is the importance of the contemplative tradition. His wonderful book is an extended hymn on the art- or grace- of listening. But what are we listening for? Doug quotes the early monks of the desert, who lived in a world of ghosts, dreams and spirits, physical deprivation, and (presumably) sexual sublimation. He also quotes (for example) the modern poet Theodore Roethke:

    "Voice. Come out of the silence.
    Say something.
    Appear in the form of a spider.
    Or a moth beating the curtain."

Doug's book is about the art and grace of listening, which as many poets and saints have suggested is the highest form of prayer. It is his contention that listening is a prerequisite for love, and we will only save what we care for. I imagine his "blue sapphire" is also the Earth, suspended like a jewel in the deep darkness and silence of space. Doug's book speaks, I think, to both believers and agnostics. In the moth beating against the curtain, Doug hears the voice of the Word. I hear a moth beating against the curtain. I'm not sure the difference is as important as the hearing- for us and for the moth.”

Paulo Coelho, "The Book By Camus"

"The Book By Camus"
by Paulo Coelho

"A journalist hounded the French writer, Albert Camus, asking him to explain his work in detail. The author of "The Plague" refused: "I write, and others can make of it what they will." But the journalist refused to give in. One afternoon, he managed to find him in a café in Paris. "Critics say you never take on truly profound themes," said the journalist. "I ask you now: if you had to write a book about society, would you accept the challenge?" "Of course," replied Camus. "The book would be one hundred pages long. Ninety-nine would be blank, since there is nothing to be said. At the bottom of the hundredth page, I’d write: "Man’s only duty is to love." 

"We Americans..."

“We Americans are not usually thought to be a submissive people, but of course we are. Why else would we allow our country to be destroyed? Why else would we be rewarding its destroyers? Why else would we all- by proxies we have given to greedy corporations and corrupt politicians- be participating in its destruction? Most of us are still too sane to piss in our own cistern, but we allow others to do so and we reward them for it. We reward them so well, in fact, that those who piss in our cistern are wealthier than the rest of us. How do we submit? By not being radical enough. Or by not being thorough enough, which is the same thing.”
- Wendell Berry

Free Download: Richard Bach, “The Bridge Across Forever- One”

“The Bridge Across Forever- One”

"It's like, at the end, there's this surprise quiz: Am I proud of me? I gave my life to become the person I am right now! Was it worth what I paid?"

"What would it be like to meet oneself in the future, or to encounter oneself in the past before making a life-altering decision? What if there were not simply one reality, but many concurrent realities where each of the possible paths one could take were all played out? What might one learn from an encounter with these different selves? These are the questions Richard Bach asks in his novel “The Bridge Across Forever- One.”

As the book opens, Bach and his wife Leslie are flying into Los Angeles for a meeting when suddenly the familiar landscape disappears beneath them. As their spiritual guide Pye later explains, they have stumbled into another dimension that allows them to view reality as it really is, timeless, the past concurrent with the future, where each life is played out according to an infinitude of different choices. Before they return to their own “spacetime,” Richard and Leslie meet with their other selves, a young pianist, a bomber pilot, a married couple living in Russia, a primitive warlord, a futuristic fighter pilot whose “kills” are as harmless as those in video games, and others. Ultimately Bach and his wife learn that there is more unity in the world than diversity: We are all one, our differences deriving only from the different choices we make.

Bach’s prose is easy reading though not especially elegant. His treatment of characters and scenes is cursory, even superficial. The point of the book, however, is not so much the texture of the story as it is the lessons it tries to teach. At times even the lessons are somewhat simplistic, such as making peace is better than making war, or nothing is more important than love. ONE is not a profound book, but it is thought-provoking. Even if one dos not buy the premise that there are parallel lives, that time is concurrent, and that we are all one, there are still many jewels of insight, such as that hate is simply love without all the information, or that the celebrated unconditional love is really more like indifference. By its very simplicity, ONE invites the reader’s mind to wander, so the reader can make his own connections, think about his own choices, and perhaps even imagine his own alternate selves."

Freely download “The Bridge Across Forever- One” by Richard Bach here: 

About Richard Bach:

The Poet: Rainer Maria Rilke, "Ninth Duino Elegy"

"Ninth Duino Elegy"

"Praise the world to the angel: leave the unsayable aside.

Your exalted feelings do not move him.
In the universe, where he feels feelings, you are a beginner.
Therefore show him what is ordinary, what has been
shaped from generation to generation, shaped by hand and eye.
Tell him of things.  He will stand still in astonishment,
the way you stood by the rope maker in Rome
or beside the potter on the Nile.
Show him how happy a thing can be, how innocent and ours,
how even a lament takes pure form,
serves as a thing, dies as a thing,
while the violin, blessing it, fades.
And the things, even as they pass,
understand that we praise them.
Transient, they are trusting us
to save them - us, the most transient of all.
As if they wanted in our invisible hearts
to be transformed
into - oh, endlessly - into us.

Earth, isn't this what you want?  To arise in us, invisible?

Is it not your dream, to enter us so wholly
there's nothing left outside us to see?
What, if not transformation, is your deepest purpose? 
 Earth, my love, I want that too. 
 Believe me, no more of your springtimes are needed
to win me over - even one flower is more than enough. 
 Before I was named I belonged to you.  
I seek no other law but yours, and know I can trust
the death you will bring."

- Rainer Maria Rilke

"The Test..."

"Yeah, about the test...The test will measure whether you are an informed, engaged, and productive citizen of the world, and it will take place in schools and bars and hospitals and dorm rooms and in places of worship. You will be tested on first dates, in job interviews, while watching football, and while scrolling through your Twitter feed. The test will judge your ability to think about things other than celebrity marriages, whether you'll be easily persuaded by empty political rhetoric, and whether you'll be able to place your life and your community in a broader context. The test will last your entire life, and it will be comprised of the millions of decisions that, when taken together, will make your life yours. And everything, everything, will be on it... I know, right?"
- John Green

"No Way Out - Brain Dead Zombies and Lawless Psychopaths"

"No Way Out - 
Brain Dead Zombies and Lawless Psychopaths"
By Jim Quinn

"I know there are many people out there who don’t watch the daily drivel emanating from their 72 inch HD boob tubes. I don’t blame them. Most of the shows on TV are dumbed down to the level of their audience of government educated zombies. The Facebooking, Twittering, Texting, Instagraming generation is too shallow, too self-consumed, and too intellectually lazy to connect the dots, understand symbolism or learn moral lessons from well written thought-provoking TV shows.

But there have been a few exceptions over the last few years. 'Breaking Bad', 'House of Cards', and 'Walking Dead' are intelligent, brilliantly scripted, morally ambiguous, psychologically stimulating TV shows challenging your understanding of how the world really works.

'The Walking Dead' is much more than a gory, mindless, teenage zombie flick. Personally, I find myself interpreting the imagery, metaphorical storylines, and morality lessons of Walking Dead within the larger context of cultural, political, and social decay rapidly consuming our society today. I don’t pretend to know the thought process or intent of the writers, but I see plot parallels symbolizing current day issues plaguing our empire of debt. Their episode 'No Way Out,' was one of the most intense shocking episodes of the entire series, as the main characters appeared to be trapped in a no win situation with long odds and little hope of surviving.

No Way Out: From my vantage point, I see four explicit types of characters inhabiting the world of the 'Walking Dead'. There are the infected mindless zombies roaming the countryside in search of flesh to consume. They are oblivious to the world around them, unable to think, feel, or act human. They can be distracted and led in different directions by loud noises or other diversions.

Then there are the still human zombies inhabiting the walled city of Alexandria who are sentient, thinking, frightened men and women, not prepared to face the harsh reality of an unfair brutal world and the consequences of not fighting the forces of evil. They cower behind their walls and hope for the best.

There are bands of nomadic lawless gangs wandering the barren countryside, living off the scraps left behind by civilization and taking what they want through brute force. They abandoned any sense of morality as the world spun out of control. Killing innocent people to achieve their ends is fair game in their survivalist worldview. They see anarchy as an opportunity to loot, steal, murder and disrespect the rights of others.

Anarchy is essentially the absence of institutional coercion. It doesn’t mean chaos, with human beings automatically becoming bandits and murderers.Humans cooperate, trade, exercise personal responsibility and create social order without the dictates of a government ruler. What binds society together are not thousands of overbearing laws and a ruthless police state, it’s basically peer pressure, moral suasion, and social censure. We interact with other humans every day, without some higher authority dictating how it should be done.

The cohort of decent men and women trudging through the southern regions of a fallen America experience horrific scenes, but maintain their humanity despite anarchy. The main characters (Rick, Daryl, Michone, Carol, Carl, Glenn and Maggie) approach every day with their eyes wide open. In a setting where there is no government, no enforceable laws, no police, and no higher authority to provide guidance on how to approach every dangerous situation and ethical dilemma, they choose the honorable path.

As the crumbling remnants of a once mighty nuclear superpower decays, this tight knit group of heavily armed citizens rely upon their guile, intelligence, courage, and moral backbone to try and rebuild a new society. They are honorable, bold and resolute as they fight the ravenous brain dead zombies and the malicious roving mobs swarming over the apocalyptic terrain, while attempting to turn the cowering cowards of Alexandria into courageous patriots who see the world as it is rather than as they wish it to be.

In a catastrophic situation where all governmental functions are non-existent it is those who are physically prepared, self-sufficient, mentally strong, heavily armed and able to deal with dire circumstances through the lens of reality, who will survive.

The 'No Way Out' episode opens in the midst of a horrifying crisis within the bigger ongoing crisis. The village of Alexandria had successfully walled off their community from the outside world and had grown soft as they failed to grasp the nature of their perilous circumstances. They passively believed walls would always protect them; weapons were barbaric and unnecessary; and preparing for an adverse turn in conditions was pointless. But misfortune and a threat to their very survival did arrive. They were attacked by a band of murdering thieves and bad luck befell their community when their wall was breached. Their lack of preparation, inability to utilize firearms, and absence of courage to confront the dangerous threats, left them helpless in the face of a life or death situation.

The two types of zombies inhabiting the world of the 'Walking Dead' represent two distinctive types of people populating our country today, as we relentlessly meander towards our own rendezvous with destiny. Our country is already disintegrating, as unpayable debt, endemic corruption, military overreach, civic decay, and moral degeneration coalesce to insure a societal collapse. It’s not a matter of if, but when. The zombies are unaware and apathetic, as their inability to think critically has left them trapped in an “all is well” paradigm peddled by their government keepers and their corporate fascist benefactors.

Zombies: The American zombies resembling the infected mindless variety from 'Walking Dead' inhabit the urban ghettos, semi-rural trailer parks, and putrefying suburban enclaves across the land. They probably constitute close to 50% of the population and continue to multiply. They are uneducated due to the dreadful government run public education system and the bad life choices of those who brought them into this world. They feed off the public welfare system, incapable or unwilling to work for a living.

They are easily distracted by their iGadgets, 600 cable channels, sporting events, the latest fashions and hero worship. They don’t read books, participate in civic affairs, create cohesive communities, or think for themselves. They aimlessly shuffle through their wretched lives taking what they can and being herded by those in control. As society collapses they will panic, burn their dilapidated hovels to the ground and quickly die off, with no government to sustain them.

The next category of zombies populating America today is much like the people of Alexandria in the show. They are educated, employed, middle to upper middle class, living in suburban single family homes and townhouses, afraid of guns, trusting of authority, and are trapped in a web of normalcy bias. They’ve already forgotten the 2008 global financial crisis and believe their politician leaders that adding $80 trillion of global debt since 2008 (2019 $250 trillion) has actually cured a disease caused by excessive unpayable debt.

Since a further disaster has not materialized thus far, they convince themselves it will never occur. Therefore, they take no precautionary measures to prepare for any type of disaster, whether it is financial, societal, or related to their personal safety. Despite clear warnings of a global conflagration already underway, these humanoid zombies optimistically believe everything will turn out for the best. The more aware among these zombies have an uncomfortable feeling about the state of affairs, as they know in their gut we are headed towards disaster.

This cognitive dissonance makes them uneasy, so they purposefully avoid or disregard information that would confirm their worst fears. These zombies drive super-sized SUVs, shuttle their kids to soccer games, live in McMansions, commute to high rise office towers where they push paper, watch mainstream media, believe gun control will make them safer, and still think voting for hand-picked corporate candidates will make a difference.

They lack the intellectual curiosity to question the existing social order. They lack the courage to confront their oppressors, corrupt government, malevolent banking cabal, or corporate media mouthpieces spreading lies for the ruling oligarchy. They are completely unprepared for a world where processed toxic foodstuff isn’t plentiful and easily accessible at their local Wally World; ATM machines don’t spit out $20 bills on command; energy isn’t cheap, plentiful and accessible; and they are no longer protected from bad guys by government thugs.

In a societal collapse their lack of self-sufficiency, firearms training and mental toughness to deal with a dreadful reality will result in most losing their lives. A segment of this zombie population can be salvaged if they can be convinced of the jeopardy in which they have been placed. With proper leadership and example to follow, the courage to resist and survive can be regained.

The nomadic lawless gangs committing acts of aggression against the well-intentioned decent survivors of the collapse know they are acting in a criminal manner, don’t care, and rationalize their psychotic disregard for moral standards because there is no institutional authority to stop them from raping, pillaging and murdering.

I liken this segment to the criminal sociopathic Wall Street bankers; bought off crooked political class; government apparatchiks and surveillance state thugs; corporate fascists; military industrial complex; shadowy string pulling billionaires; propaganda spewing corporate media; and the leeches who suckle off this evil prototype. This gang of lawless psychopaths has no concern for the greater good or their fellow man. Their only objective is to pillage the remaining wealth of the nation, with no concern for laws, regulations, morality, decency, or the victims of their ravenous sacking of America. They are the real enemy.

Lastly, we have the self-reliant, courageous, disciplined characters that represent the last best hope for humanity in the apocalyptic world of the 'Walking Dead.' Despite the catastrophic circumstances they face on a daily basis, they never lose their integrity or their humanity. Kindness, generosity, intelligence, adaptability, and situational awareness complement their courageousness and willingness to use whatever means necessary to survive. A common thread among the main characters is their ability to utilize weapons, think strategically, act as a team, and approach every situation in a realistic, resolute mode. They choose to not deny reality. Lying to yourself about the desperateness of your situation does you no good. They choose living over despair and death.

The people represented in our society by Rick, Daryl and their motley crew of freedom loving patriots is the gun clingers referred to by Obama in 2008: “They get bitter, they cling to guns or religion or antipathy to people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.”

They are also derogatorily referred to in the corporate media as preppers, gun nuts, survivalists, right wing extremists, and potential domestic terrorists. Ron Paul supporters, Christian conservatives and anyone believing strongly in the 2nd Amendment is considered suspect by those in power.

DHS is spying on them, the IRS is harassing them, the liberal media scorns them, and the president wants to disarm them. It is the hard working, self-reliant, morally upstanding, gun owning citizens of this country who have been screwed by the onslaught of illegal immigrants, the Wall Street owned Federal Reserve, and the corporate fascists who have written the laws and trade legislation which has enriched them while destroying the working middle class.

Wall Street/K Street oligarchs have financialized every aspect of our society, gutted the productive industries, indebted our grandchildren to the tune of $228 trillion, and destroyed the jobs needed to sustain our nation. The frantic efforts of the Federal Reserve, their minions in NYC & DC, and the propaganda press to prop up this hollowed out carcass of a country are failing. The debt is too vast; the corruption too entrenched; the vital systems too damaged; populace too apathetic and distracted by bread and circuses; and leaders too feckless to do what it would take to save the country.

When it all falls apart, it will be the small minority of gun clinging men and women who know what needs to be done and will do it. These people only represent a small percentage of society. They will do the heavy lifting during the coming crisis, because they have retained their moral compass, believe in the Constitution, and don’t need Big Brother and thousands of heavy handed laws to do what’s right.

There is good and evil in this world. Bad people will need to be dealt with brutally and swiftly. The approximately 40 million households with a gun owner are our last line of defense against a government losing control, zombie hordes that will rampage when the EBT deposits stop, and the unprepared normalcy bias infected multitudes. It will require courage, endurance, and community team work to survive the perils ahead in order to rebuild our once great nation. A coercive overbearing bloated government will not be part of the solution.

In the meantime, there are lessons to be learned from the 'No Way Out' episode. Rick and a group of the main characters needed to disguise themselves as flesh eating zombies in order to secure the weapons they needed to fight off the mindless voracious hordes overrunning their community.

Until the SHTF moment descends upon our country, those whose eyes are open to the imminent threats will need to blend in with the iGadget addicted masses, while continuing to prepare, build supplies, accumulate weapons and ammunition, and becoming more proficient in using those weapons. They will need to stay under the radar of the corporate fascist military surveillance state until it crumbles in a heap of diseased debris. When the vast majority have been brought up to believe the only boundaries are those exerted through force by the authorities, and that governmental power disappears, the bad people take whatever they want, by force, unless good people fight back.

When their plan to blend in with the zombies goes awry due to fear and hesitation by some of the Alexandrians, loss of life ensues and Rick’s son Carl is shot in the eye. This event creates a turning point in the battle between the immense throng of zombies and the minority of fanatical freedom lovers. Rick goes rogue and single-handedly begins taking on the thousands of voracious zombies in a display of rage and retribution for his son’s life threatening injuries. Sometimes a single act of defiance can change the course of history.

When Rick dashes outside and begins to fight the zombies he has no concern for his own safety. His act of boldness and bravery leads his clan of fearless troops to enter the fray and kill even more zombies. Even the formerly passive priest Gabriel and the cowardly Eugene take up arms and battle the forces of evil. But, the most uplifting occurrence is seeing the previously weak willed inhabitants of Alexandria become inspired by Rick’s courage and valor to find their nerve and finally fight for their community. They didn’t fight for their country or because they were commanded to, but for their fellow man. They were still vastly outnumbered, but Daryl’s intelligence and understanding of the situation led him to implement an audacious strategy to lure the brain dead zombies to a fiery demise. His astuteness saved the day, proving the majority does not always win and the good people can prevail.

The lesson I deduced from this chapter of the 'Walking Dead' is one of hope. The authorities pulling the strings of our increasingly mentally infected country prefer mindless, non-thinking, easily manipulated zombies so they can retain their power, control, and strip mining wealth operation. We only exist for the benefit of the state.

Society does not have to be built for the benefit of an essentially criminal organization – the coercive state. There is nothing in human nature that makes it impossible to create a community of people that respect each other’s natural rights and follow accepted moral standards for working out differences. There will always be a few criminals and sociopaths to deal with, but the community can self-police and rid themselves of these vermin. These are the people who usually gravitate to and flourish within a government police state.

When the ongoing crisis worsens over the next few years, with government collapsing under the weight of debt and corruption, societal implosion results in civil chaos, and economic calamity befalls the nation, the brain dead zombie class will have no hope. It will require a tireless minority to prevail. We will need men and women to step up and lead through example. There is a segment of the sentient zombie class who can be awoken from their self-induced stupor by an irate few who set brushfires of freedom in their hearts and souls.

The odds of a few rag tag farmers defeating the greatest military power on earth were virtually impossible in the 1770s. But through noble citizen leadership, fortitude while facing extreme adversity, and courage in the face of death, a minority of good people prevailed.

At the end of the episode, Rick finally sees a way out. As Carl lies unconscious in bed Rick tells him he underestimated the Alexandrians and vows to rebuild the community. They rose to the challenge. Rick adds that for the first time since before waking up in the hospital in King County, he feels truly hopeful for the future. “I want to show you the new world,” he says. Carl’s fingers grip Rick’s hand. The immediate future is bleak, but there is hope.

The country and our future will be determined by those who are most prepared and willing to do whatever it takes to reinstitute the principles upon which this country was built. There is a way out. Are you prepared?"

"What A Sorry Lot..."

"Such terrifying powers we possess, but what a sorry lot of gods some men are. And the worst of it is not the cruelty but the arrogance, the sheer hubris of those who bring only violence and fear into the animal world, as if it needed any more of either. Their lives entail enough frights and tribulations without the modern fire-makers, now armed with perfected, inescapable weapons, traipsing along for more fun and thrills at their expense even as so many of them die away. It is our fellow creatures' lot in the universe, the place assigned them in creation, to be completely at our mercy, the fiercest wolf or tiger defenseless against the most cowardly man. And to me it has always seemed not only ungenerous and shabby but a kind of supreme snobbery to deal cavalierly with them, as if their little share of the earth's happiness and grief were inconsequential, meaningless, beneath a man's attention, trumped by any and all designs he might have on them, however base, irrational, or wicked."
- Matthew Scully

The Daily "Near You?"

Umm Al Fahm, Haifa, Israel. Thanks for stopping by!

"Courage, It Would Seem..."

"Courage, it would seem, is nothing less than the power to overcome danger, misfortune, fear, injustice, while continuing to affirm inwardly that life with all its sorrows is good; that everything is meaningful even if in a sense beyond our understanding; and that there is always tomorrow."
- Dorothy Thompson

"A Chime Of Words..."

"Yes there is a meaning; at least for me, there is one thing that matters -
 to set a chime of words tinkling in the minds of a few fastidious people."
- Logan Pearsall Smith

Gregory Mannerino, "Question: Should America Lead Or Follow?"

Gregory Mannarino,
"Question: Should America Lead Or Follow?"
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"Where Is King Henry Now That We Need Him?"

"In this year, before Christmas, King Henry sent from Normandy to England, and commanded that all the moneyers that were in England should be deprived of their members; that was the right hand of each, and their testicles beneath. That was because the man that had a pound could not buy for a penny at a market. And the bishop Roger of Salisbury sent over all England, and commanded them all that they should come to Winchester at Christmas. When they came thither they were taken one by one, and each deprived of the right hand and the testicles beneath. All this was done within the twelve nights; and that was all with great justice, because they had fordone all the land with their great quantity of false money which they all bought."
- "The Anglo-Saxon Chronicle," p. 221 (year 1125).
Edited, with a Translation, by Benjamin Thorpe, Vol. II
(London: Longman, Green, Longman,and Roberts, 1861)

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"The Political Parties and the Media Have Abandoned the Working 'Middle Class'"

"The Political Parties and the Media 
Have Abandoned the Working 'Middle Class'"
by Charles Hugh Smith

"Defining the "middle class" has devolved to a pundit parlor game, so let's get real for a moment (if we dare): the "middle class" is no longer defined by the traditional metrics of income or job type (blue collar, white collar), but by an entirely different set of metrics:

1. Household indebtedness, i.e. how much of the income is devoted to debt service, and
2. How much of the household spending is funded by debt.
3. The ability of the household to set aside substantial savings / capital investment.
4. The security of the households' employment.
5. The dependence of the household wealth on speculative asset bubbles inflated by central bank policies.
6. The percentage of the household income that is unearned, i.e. derived not from labor but from productive assets.
7. The exposure of the households' employment to automation, AI or offshoring.
8. How much of the household income is government transfers: benefits, subsidies, etc.

After writing about the middle class and America's class structure in depth for over a decade, it seems to me the actual, real-world class structure is something along these lines:

1. No formal earned income, dependent on government transfers, possibly supplemented by informal "black market" income; no family wealth.
2. The Working Poor, those laboring at minimum wage or part-time jobs with few if any benefits. This class depends on government transfers to get by: EBT (food stamps), housing subsidies, school lunch subsidies, Medicaid, etc. Highly exposed to reductions in hours, tips, gigs, etc. and layoffs.
3. The "muddle class" which muddles through on earned income, much of which goes to debt service (student loans, auto loans, mortgages, credit cards) and skyrocketing big-ticket expenses: rent, healthcare, childcare, etc. Unable to save enough to move the needle on household capital, any net worth is dependent on speculative asset bubbles continuing to inflate. Highly exposed to layoffs or destabilizing changes in employment status: from full-time to part-time, loss of benefits, etc. This article from describes the Muddle Class: "Families Go Deep in Debt to Stay in the Middle Class"
4. The Protected Class with secure income/earnings and benefits: this includes the nomenklatura of government employees, mid-level technocrat/managerial employees in academia, government-funded non-profits, etc., and retirees with Medicare, Social Security and other income (pensions, unearned investment income, etc.) and family assets (home owned free and clear, substantial 401K nest eggs, etc.)
5. "Winner Take Most" Corporate America/market-economy households: top managers and salespeople, entrepreneurs, successful business owners, speculators in financialization/asset bubbles, marketers, those earning substantial royalties, etc. Most work crazy-hard and make sacrifices, as per this article from The Atlantic: "Why You Never See Your Friends Anymore": Our unpredictable and overburdened schedules are taking a dire toll on American society.
6. The wealthy and super-wealthy. Many continue working hard despite being worth tens of millions or hundreds of millions of dollars, as per this article from "Why Don’t Rich People Just Stop Working?" Are the wealthy addicted to money, competition, or just feeling important? Yes.
7. The upper reaches of this class constitute a Financial Aristocracy/Oligarchy/New Nobility, those who have leveraged mere wealth into political, social and financial power.
8. The Mobile Creatives Class, currently small but expanding, which essentially obsoletes the entire status quo of working for an employer (often to get benefits), going heavily into debt for a college degree, vehicle, house, wedding, etc., hiring employees and paying outrageous prices to live in an overcrowded, soul-destroying city, etc.

I've written often about Mobile Creatives, but the basic idea is multiple income streams and forms of capital provide security rather than depending on the state or an employer: "Career Advice to 20-Somethings: Create Value as a Mobile Creative."

Where is the line between "working class" and "middle class"? Maybe there isn't any. The old definitions of working and middle class were social more than financial - the middle class was better educated (school teacher, etc.) than the working class (factory worker, skilled tradesperson) but both could aspire to owning a home and giving their children a more secure life than they had started with. The working class was not limited to the working poor: working-class jobs provided security and social mobility, just like white-collar middle class jobs.

What differentiates classes now is debt, employment security and the ability to build household capital that isn't just a sand castle of speculative bubble "wealth." The worker with tradecraft skills (welding, logger, etc.) has more security and earning power than a college graduate with few skills that can't be outsourced or automated. Many college graduates work in sectors that are highly exposed to layoffs and downsizing once the economy contracts: food and beverages, hospitality, etc.

All of which leads us to a highly verboten conclusion: both political parties and the corporate media have abandoned the 2/3 of the workforce that is working/middle class. The bottom 20% dependent on government transfers has more security than those earning just enough to disqualify the household for transfers, while the top 15% in the Protected Class are doing just fine unless they're over-indebted.

The winner take most class and the wealthy dominate both political parties and the media which is now dependent on advertising that appeals to the top 10% of households that collect more than 50% of the national income.

The political parties take care of the government dependent class to keep the rabble from rebelling, and they keep the government gravy train flowing to the Protected Class (healthcare, national defense, academia, government employees) to insure their support at election time, but they take their marching orders from the Aristocracy/Oligarchy that fund their campaigns and enrich them with $100,000 speaking fees, seats on the board of directors, etc.

The Working/Middle Class gets nothing but lip-service, and that's been the case for decades. The political parties and the media abandoned the Working/Middle Class long ago, buttering their bread with the soaring wealth of the Aristocracy / Oligarchy and relegating everyone outside the Protected Class who labors for their livelihood to the servitude of politically impotent tax donkey / debt-serfdom.

Please examine these charts closely. They look busy but show that income inequality has been rising for over three decades.

Here's income by quintile. The top 5% have done extremely well, the Protected Class 15% below them have done just fine, and the bottom 80%, well, who cares about them as long as they're politically passive and make their loan payments?
Cumulative income reveals the widening gap between the bottom 80% and the top 5%. The gap was not very big in the early 1990s, but look at it now:
Another chart of the top 5% pulling away from the rest of us:
No wonder the media depends on luxury/aspirational advertising: the top 5% are the only ones with the money and credit to blow on status-signifying fripperies:
Where does this lead? To this - a collapse of buffers: debt is not income, and eventually the buffers of borrowing more to keep afloat thin and break down. When the financial buffers of the middle two-thirds of working/middle class households break down, the economy and the social-political order will break down, too.
Don't think it won't happen just because it hasn't happened yet."

"How It Really Is"

OCT 31, 2019 11:32 AM: 

"In A Society Built On War, We Must Do More Than Just Prefer Peace"

"In A Society Built On War, 
We Must Do More Than Just Prefer Peace"
by Caitlin Johnstone

"Being against evil doesn't make you good. Tonight I was against it and then I was evil myself. I could feel it coming just like a tide. I just want to destroy them. But when you start taking pleasure in it you are awfully close to the thing you're fighting.”
 - Ernest Hemingway, "Islands in the Stream"

"American activist Angela Davis once said, “In a racist society it is not enough to be non-racist, we must be anti-racist.” Our responsibility to truth and justice isn’t fulfilled by merely witnessing the perverse tendency in western society toward white supremacy without participating in it, any more than our responsibility is fulfilled by merely witnessing but not participating in a gang rape. Simply choosing not to participate in a grave injustice while giving it our tacit permission to continue is insufficient, especially if the color of your skin gives you an advantage resulting from that injustice. 

This injustice must be forcefully opposed. The same is true of war, which is the glue that holds together the empire which dominates our society.

There is a painfully common notion among leftists and progressives that it is perfectly acceptable to focus on domestic policy while de-emphasizing the importance of foreign policy, or even ignoring foreign policy entirely. Politicians can generate immense support for themselves simply by promoting decent domestic policies while maintaining foreign policy that is not terribly distinct from the CIA/CNN mainstream consensus. I’m not as familiar with right-wing political circles, but I gather that libertarians and other right-leaning anti-interventionists often encounter a similar deprioritization of sane foreign policy.

War is the worst thing in the world. In terms of death, destruction and suffering caused to human beings, nothing else comes close: it’s just the absolute worst thing. It is worse than economic injustice. It is worse than racism. It is worse than sexism. It is worse than homophobia and transphobia. It is worse than draconian drug policies and immigration policies. All of those things are bad. War is worse. The politics of anyone who claims to care about people should reflect this. If you don’t think that war is the worst thing in the world, it’s only because you haven’t looked closely enough at exactly what it is and how it works. 

Wars always necessarily involve not just mountains of human corpses, but lives ruined forever, bodies ripped apart, brains permanently destroyed by neurological trauma and minds permanently destroyed by psychological trauma, millions displaced from their homes, rape and slavery and human trafficking rising exponentially in the chaos, extremist factions rising to power and inflicting unspeakable evils on people. The suffering that is inflicted by every one of these military operations which get promoted by middle-aged men in DC think tanks in a casual tone of voice with the occasional joke mixed in, the suffering is literally unfathomable.

We live in a civilization that was built by war. A civilization that is currently propped up by war. A civilization that has its future mapped out with war as its career and war as its retirement plan. The political and economic system which dictates the way our society moves and operates has its roots sunk deep into the soil of war. The only thing separating us from the wars our government is waging in our name is physical proximity.

In such a society, it is not enough to merely not be a warmonger. It is not enough to simply have a preference for peace. Our responsibility to truth and justice does not end in our non-participation in warmongering, because the wars go on regardless. In fact, those who are responsible for keeping the wars going would much prefer that we didn’t think too hard about them. Because they know that if we thought with lucid intellectual honesty about the horrors that our civilization is unleashing upon the world every single day, we would find this entire system intolerable.

It is the responsibility of anyone who wants to be a good person, anyone who wants to be a just person, anyone who wants to be a truthful and authentic person to stand in ferocious opposition to this system. To look closely at what’s being done by your government and its allies overseas, to learn as much as you can about it, and to oppose it loudly and forcefully. This is more important than any other political agenda you could possibly fight for. If you don’t undertake it you have no basis on which to call yourself a good person, a just person, or a truthful or authentic person. You’re just another tacit facilitator.
James Blunt, “No Bravery”

"War In A Nutshell"

"Wars throughout history have been waged for conquest and plunder. In the Middle Ages when the feudal lords who inhabited the castles (whose towers may still be seen along the Rhine) concluded to enlarge their domains, to increase their power, their prestige and their wealth they declared war upon one another. But they themselves did not go to war any more than the modern feudal lords, the barons of Wall Street go to war.

The feudal barons of the Middle Ages, the economic predecessors of the capitalists of our day, declared all wars. And their miserable serfs fought all the battles. The poor, ignorant serfs had been taught to revere their masters; to believe that when their masters declared war upon one another, it was their patriotic duty to fall upon one another and to cut one another's throats for the profit and glory of the lords and barons who held them in contempt. And that is war in a nutshell. The master class has always declared the wars; the subject class has always fought the battles. The master class has had all to gain and nothing to lose, while the subject class has had nothing to gain and all to lose - especially their lives.

They have always taught and trained you to believe it to be your patriotic duty to go to war and to have yourselves slaughtered at their command. But in all the history of the world you, the people, have never had a voice in declaring war, and strange as it certainly appears, no war by any nation in any age has ever been declared by the people. And here let me emphasize the fact- and it cannot be repeated too often- that the working class who fight all the battles, the working class who make the supreme sacrifices, the working class who freely shed their blood and furnish the corpses, have never yet had a voice in either declaring war or making peace. It is the ruling class that invariably does both. They alone declare war and they alone make peace."

- Eugene Debs

"Grave Faults..."

“Only the following items should be considered to be grave faults: not respecting another's rights; allowing oneself to be paralyzed by fear; feeling guilty; believing that one does not deserve the good or ill that happens in one's life; being a coward. We will love our enemies, but not make alliances with them. They were placed in our path in order to test our sword, and we should, out of respect for them, struggle against them. We will choose our enemies.”
- Paulo Coelho, "Like the Flowing River"

"A breathtaking collection of reflections from one of the world’s best loved storytellers, Paulo Coelho. In this riveting collection of thoughts and stories, Paulo Coelho, the author of ‘The Alchemist’, offers his personal reflections on a wide range of subjects from archery and music to elegance, traveling and the nature of good and evil. An old woman explains to her grandson how a mere pencil can show him the path to happiness…instructions on how to climb a mountain reveal the secret to making your dreams a reality!the story of Genghis Khan and the Falcon that teaches about the folly of anger – and the art of friendship!a pianist who performs an example in fulfilling your destiny!the author learns three important lessons when he goes to the rescue of a man in the street – Paulo shows us how life has lessons for us in the greatest, smallest and most unusual of experiences. ‘Like the Flowing River’ includes jewel-like fables, packed with meaning and retold in Coelho’s inimitable style. Sharing his thoughts on spirituality, life and ethics, Paulo touches you with his philosophy and invites you to go on an exciting journey of your own."
- Goodreads

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"Economic Market Snapshot AM 10/31/19"

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"What In The World Is The Federal Reserve Thinking?"
by Michael Snyder 

"You don’t use up all of your ammunition before the battle even begins. The U.S. economy has not even officially entered recession territory yet, although many experts are definitely anticipating one in 2020. When that recession arrives, the Federal Reserve is going to want as much ammunition to fight it as possible. So I was horrified to learn that the Federal Reserve announced on Wednesday that interest rates are being slashed once again. We have now had three interest rate cuts in 2019 as the Federal Reserve desperately attempts to revive the stalling U.S. economy. But what are they going to do during the next recession when they have already pushed interest rates all the way to the floor and they can’t push them any lower? 

In addition, in recent days the Federal Reserve has decided to absolutely flood the financial system with new money in a desperate attempt to stabilize the repo market. In essence, the Federal Reserve has launched a massive new round of quantitative easing even before a major crisis has erupted on Wall Street. I can understand trying to be proactive, but in reality quantitative easing is an extreme emergency measure that should only be used in the most desperate of situations. If the Fed is creating this much new money now, what are they going to do once things really get bad? Are we destined to become the next Venezuela?

For a long time, the Federal Reserve has insisted that the U.S. economy is in good shape. If that is true, there is no way in the world that the Fed should be cutting interest rates. But that is exactly what happened on Wednesday: "In a vote widely anticipated by financial markets, the central bank’s Federal Open Market Committee lowered its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75%. The rate sets what banks charge each other for overnight lending but is also tied to most forms of revolving consumer debt."

It was the third cut this year as part of what Fed Chairman Jerome Powell has characterized as a “midcycle adjustment” in a maturing economic expansion. With rates now so close to zero, there isn’t going to be much that the Fed can do in that regard once the next recession strikes.

According to Fed Chair Jerome Powell, this latest rate cut was done for “insurance” purposes: "Powell said lowering the rate again was ‘insurance’, or protection needed because ‘weakness in global growth and trade developments have weighed on the economy and posed ongoing risks’."

If the U.S. economy doesn’t plunge into a deep recession next year, Powell and the other bureaucrats at the Fed will probably be applauded for these moves. But if we do experience a significant economic downturn, they will be caught with their pants down.

Yes, the U.S. economy is definitely slowing down, but this week we learned that it still grew at an annual rate of 1.9 percent last quarter. 1.9 percent is not good at all, and if honest numbers were being used it would show that our economy is actually contracting. But at least things are relatively stable for the moment, and as long as things are relatively stable the Federal Reserve should not be resorting to emergency measures.

Of course Wall Street was absolutely thrilled that the Fed cut rates again, and news of the rate cut pushed the S&P 500 to yet another all-time record high: "Stocks advanced Wednesday after the Federal Reserve cut interest rates for the third time this year, propelling the Standard & Poor’s 500 to a fresh record. The S&P 500 index added 9.88 points, or 0.3%, to close at 3046.77. The Dow Jones industrial average climbed 115.27 points, or 0.4%, to end at 27,186.69. The Nasdaq added 27.12 points, or 0.3%, at 8,303.98."

And without a doubt, this rate cut is good for consumers. Rates on mortgages, auto loans and credit cards will go down, and that will save average Americans a lot of money: These Fed interest rate cuts are starting to add up, lowering costs for many Americans who use credit cards or take out loans while squeezing savers. The Federal Reserve lowered its benchmark interest rate Wednesday by a quarter percentage point for the third time in the past three months. The move is likely to further trim borrowing costs on credit cards, home equity lines, adjustable-rate mortgages and auto loans.

But this is yet another example of the short-term thinking that is plaguing our society. When the next recession arrives, the Fed will be able to cut rates a handful of times, and then that will be the end of it.

The Fed should have also held off on buying more bonds until we really needed it as well. Even though a new financial crisis has not even started yet, the Fed has been creating money like crazy and their balance sheet has ballooned “by about $100 billion over the past month”: "The Fed has been buying bonds again, but officials insist it is an effort to stabilize the funds rate within the target range rather than a resurrection of QE. Still, the central bank balance sheet has expanded by about $100 billion over the past month and is back above the $4 trillion mark, $3.6 trillion of which is in Treasurys and mortage-backed securities."

So if the Fed is being this crazy now, what are they going to do when a real financial crisis erupts? Perhaps they should just get it over with and create trillions of dollars right now and turn us into the Weimar Republic already. Because that is where all of this craziness is eventually going to take us. Our dollar is eventually going to be absolutely worthless and we will become the next Venezuela.

I have always been highly critical of the Federal Reserve, but at least in other eras those running the Fed were at least mildly competent. But now it appears that incompetence is running wild over at the Federal Reserve, and we will all pay a great price for their mistakes in the not too distant future."

"Fed’s Latest Plan for Bailing Out Wall Street Banks: 
Let Them Overdraft Their Accounts at the Fed"