filed under Dumb Dyke Convention...
The US has been regarded as the West’s leader since WW II. The US led with the objective of international cooperation to achieve orderly growth and prosperity for the countries led by the US.
Now suppose you have a football team, and the quarterback comes out and says, “Quarterback is First!” and scolds members of his team, and insults one of his team-mates and sends him to the bench in disgrace. How long is that team going to hold together? Not very long, I would say.
The deeper fact is that the status of the US as the world’s leader, since the end of WW II, has ended and is finished. Mr. Trump’s own plan to “Make America Great Again” is sending, by his own admission, a silent message: “America is no longer great.”
The ninth largest economy in the entire world is currently experiencing “its longest and deepest recession in recorded history”, and in a country right next door people are being encouraged to label their trash so that the thousands upon thousands of desperately hungry people that are digging through trash bins on the streets can find discarded food more easily. Of course the two nations that I am talking about are Brazil and Venezuela. The Brazilian economy was once the seventh largest on the globe, but after shrinking for eight consecutive quarters it has now fallen to ninth place. And in Venezuela the economic collapse has gotten so bad that more than 70 percent of the population lost weight last year due to a severe lack of food. Most of us living in the northern hemisphere don’t think that anything like this could happen to us any time soon, but the truth is that trouble signs are already starting to erupt all around us. It is just a matter of time before the things currently happening in Brazil and Venezuela start happening here, but unfortunately most people are not heeding the warnings.
by James Perloff, Jamesperloff.com:
The MacMillan Dictionary defines a “perfect storm” as “a very unpleasant situation in which several bad things happen at once.” Trying to predict the future is one of the easiest ways to end up with egg on one’s face. However, enough matters will converge on March 15 that I think prudence commends our at least being aware of them.
• Federal debt ceiling deadline. Recently the following comments from David Stockman, who was Ronald Reagan’s Director of the Office of Management and Budget, caught my attention:
Legendary NSA whistleblower William Binney (and creator of NSA’s global surveillance system) confirmed to Fox News, that President Trump is “absolutely right” to claim he was wiretapped and monitored… he was.
As we noted previously, Binney is the NSA executive who created the agency’s mass surveillance program for digital information, who served as the senior technical director within the agency, who managed six thousand NSA employees, the 36-year NSA veteran widely regarded as a “legend” within the agency and the NSA’s best-ever analyst and code-breaker, who mapped out the Soviet command-and-control structure before anyone else knew how, and so predicted Soviet invasions before they happened (“in the 1970s, he decrypted the Soviet Union’s command system, which provided the US and its allies with real-time surveillance of all Soviet troop movements and Russian atomic weapons”). Binney is the real McCoy.
I’m very impressed with the recent gold action because it’s holding its own in the face of an impending rate hike. It’s fallen off a bit, but not dramatically. It tells you there are good fundamentals behind it, independent of the threat of a stronger dollar.
I believe the Fed is preparing to raise into weakness and will have to reverse course in April or May. What happens to gold then? It’s going to go higher again, because the Fed will cheapen the dollar, and that’s very bullish for gold. So I expect gold to take off in the spring and finish the year very strongly. It could challenge $1,300 or $1,400.
Now, as many of my readers know, my long-term forecast is for $10,000 gold. We’re obviously not there now. So how do I arrive at $10,000?
On March 6, the Financial Times reported that China had overtaken the European Union as the world’s largest banking center, making the Far Eastern nation the overall top financial behemoth in the global economy.
New analysis by the Financial Times shows China’s banking system has overtaken the eurozone to become the world’s biggest by assets. The status reflects the country’s increasing global influence and its reliance on growth driven by debt.
It should be noted that last year was marked by an abrupt increase in various programs aimed at developing the space industry in the US, including those that may someday allow frequent tourist flights into space, the construction of inhabited stations and cities on other planets.
For instance, the well-known company SpaceX announced last February its intention to send two tourists to fly around the moon by 2018.
NASA has been developing a number of projects that would supposedly allow the creation of settlements on other planets. Among these projects one can even find mention of an expedition to Europa – one of Jupiter’s moons.
Disaster is nearly upon us. This has been a regular theme in these commentaries for several years. Increasingly, however, these warnings draw reactions of apathy rather than alarm. The fact that our house-of-cards economies (and societies) have not already unraveled does not mean that this was a false alarm. It means that disaster has gotten much more imminent.
When straight discourse fails to convey a message, writers typically resort to a metaphor. But which one? The phrase “the perfect storm” has been popularized in our culture. However, to an audience which perceives itself to be standing on dry land, that metaphor would likely fall flat.
A much more illuminating metaphor is the tidal wave.
The Fake News Network, CNN, continues to demonstrate that they do not want to tell the truth nor hear the truth. The latest example comes as a congressman was cut off after mentioning that 30% of domestic terrorism in the united States come from refugees.
On Monday, Republican Representative Scott Taylor’s (VA) feed was suddenly cut on CNN when he began to mention the percentage of refugees who come to the US and commit acts of terrorism.
The thirty percent he referenced in the video spot was in reference to a claim made by DHS that 300 of the FBI’s 1,000 domestic terror cases involve refugees who have entered the US.
On Valentine’s Day, a 34-page study that illustrated some of the harmful effects of vaccination was made available for viewing online. Six hours later, the URL had vanished, and the study was seemingly erased from the depths of the internet — likely in the hopes that the “controversial” information it contained would be forgotten.
Vaccination and Health Outcomes: A Survey of 6- to 12-year-old Vaccinated and Unvaccinated Children based on Mothers’ Reports, by Anthony R. Mawson, et al. seemed like any other standard report on vaccination at first glance, according to author James Grundvig.