You know all those reports about how lots of Americans can’t afford a $1000 surprise expense like a medical bill or a car repair? Well, forget additional expenses. It turns out that nearly half of the families in America are struggling to pay for food and rent. And that means that the economic collapse isn’t just “coming.” It’s HERE.
Kelton’s core idea ― that the government can’t run out of money or go bankrupt, no matter how much it spends ― hasn’t really changed since the days when Buiter and Krugman were trashing her thinking. But it seems the world has. Today she is a full-fledged member of the American power elite, juggling television bookings with MSNBC’s Chris Hayes and Bloomberg TV’s Joe Weisenthal, writing op-eds for The New York Times and being quoted in The Wall Street Journal.
With great power and success come great peril and anxiety. As Shakespeare put it, “uneasy lies the head that wears the crown.” When you gain in status and wealth, your responsibilities increase. Mo’ money, mo’ problems. Moreover, you have to constantly be on guard for challengers who want to dethrone you. Which is why the Sword of Damocles is such a great metaphor for fragility. When you’re king or in any position of power, one small jostle could bring down your house of cards; you’re actually more fragile than you might have thought.
Miles Franklin: From David Schectman’s Desk (yogmonster)
As the house of cards collapses, bubble assets such as stocks, bonds and property will lose 75-95% of their real value and sovereign states and banks will default. But there can still be a Golden Afternoon for the ones who protect themselves with physical gold and some silver. Gold is the only money, which has survived for 5,000 years and is therefore the ultimate wealth preservation asset:
The new class of astronauts can at least take comfort in the fact that their capsules are about sixty percent larger than the Apollo command module that took astronauts on multi-day journeys to the moon—and NASA is requiring that private engineers attempt to make the capsules more than twice as safe as the space shuttle was when it stopped flying.
Wikipedia Is An Establishment Psyop (Matt H.)
This notion that the US and its allies are fighting against Russian “hybrid warfare” (by which they typically mean hackers and disinformation campaigns) has taken such deep root among think tanks, DC elites and intelligence/defense circles that it often gets unquestioningly passed on as fact by mass media establishment stenographers who are immersed in and chummy with those groups. The notion that these things present a real threat to the public is taken for granted to such an extent that they seldom bother to even attempt to explain to their audiences why we’re meant to be so worried about this new threat and what makes it a threat in the first place.
‘I have huge, inescapable guilt about my children developing the same condition as me,’ Kerry tells me. ‘I’ve already seen depression and anxiety manifest in some of my children, and one has needed medication to overcome them.’ But is there any evidence of a hereditary link?
EVs Could Erase 7 Million Bpd In Demand (Michael S.)
Meanwhile, key ingredients used in lithium-ion batteries, such as cobalt, have seen costs skyrocket as demand has increased. Without significant investment in new cobalt capacity, for instance, there could be shortages within a few years. “If capacity does not grow as planned, cobalt prices could continue to spike and there could be a major cobalt shortage,” BNEF analysts said. “This would have serious implications on the electric vehicle market.”
The horrible economics of the U.S. Shale Oil Industry will pull down the entire economy. Very few people understand the massive decline rates these shale fields experience. I explain in detail why the U.S. Shale Oil Industry is nothing more than the typical Ponzi Scheme.
The authors performed a cross-sectional examination of 102 people over 60 years old, with a consistently logged lifelong exercise history. Detailed measures of arterial stiffness were collected from all participants, who were then categorised in one of four groups depending on their lifelong exercise history: Sedentary: less than 2 exercise sessions/week; Casual Exercisers: 2-3 exercise sessions per week; Committed Exercisers: 4-5 exercise sessions/week and Masters Athletes: 6-7 exercise sessions per week. (NB: an exercise session was at least 30 minutes).
Following up on the discovery, Quanta Magazine recently published an article surveying several astrophysicists who specialize in studying small worlds, including the discoverers of 2015 BP519. While not everybody agreed that Planet Nine was responsible for the strange orbit, the overwhelming majority agreed the new discovery gives more credence to the idea. “The second you put Planet Nine in the simulations, not only can you form objects like this object, but you absolutely do,” lead author Juliette Becker, a graduate student at the University of Michigan, told Quanta. (You can look at the object’s orbit online here.)
“Their homes are often in the orchards so they don’t want to be spraying with pesticides if they don’t have too,” Dr Halcroft said.
She urged farmers to avoid spraying at critical times.
“They knocked over every single hive, killing all the bees. They wiped us out completely,” Justin Engelhardt told The Sioux City Journal. “They broke into our shed, they took all our equipment out and threw it out in the snow, smashed what they could. Doesn’t look like anything was stolen; everything was just vandalized or destroyed.
Gold & Silver
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