Over the weekend I noticed the radical year-to-year increase in the number of US Treasury Dollars. No idea what’s going on, but I assume everything is just fine and dandy. Carry on.
I’m treating their infrequent but joint mentioning of “climate change” as a thing the way I did with Justine Reix’s lovely book – grain of salt. Otherwise, this is astounding. Many thanks to these men and their hosts.
Happy Thanksgiving Day and/or Week, Americans and others outside the South! Oftentimes, we have so much that gladly calls out for our thanks. I’m thankful for all of you, beloved readers, and much more. Sometimes it may not look like it, but we have other things to be thankful for—things that don’t call as loudly or as gladly. Yet we are well-advised to be thankful for whatever comes our way: “Always rejoice. Pray without ceasing. In all things give thanks; for this is the will of God in Christ Jesus concerning you all. Extinguish not the Spirit. Despise not prophecies.” 1 Thessalonians: 16-20. The events of the past four or so years have clarified the division between the Good, the True, and the Beautiful and the Wicked, the False, and the Ugly in stark terms and high definition. And the delineation continues. As hard as it is to believe, all of this is beneficial. I will therefore frame today’s discussion of events in grateful terms.
A Worthy Life and An Honorable Memory
Rosalynn Carter died the other day at the age of 96. She, with her husband and independently, had a full and meaningful life. She was the only American First Lady I ever met, and her husband the only Chief Executive. In the late winter or early spring of 2003, President Carter delivered a speech to the hive of incompetence known as the Georgia General Assembly. I watched and listened from the balcony. While I found them interesting at the time, I simply cannot recall what his remarks involved. But by then, I had begun to change my opinion of Carter, discarding the stock GOP lies about his amateurish incapabilities. In my view, he was perhaps the last of the genuine American Presidents who loved America, a man thrust into a nearly impossible situation. He did the best he could in politics and life. Mrs. Rosalynn was an integral part of his many trials, tribulations, and successes.
Just before the speech ended, I determined that if it was possible, then I wanted to meet Carter. I calculated that he entered and would exit the Gold Dome via the Governor’s secure entrance, a door which by various friendships I was acquainted with. I immediately made my way down, outside, and to that door. Soon thereafter, Jimmah and Rosalynn emerged with but a small escort of state troopers and secret service agents. With me being the only other person present, we three instantly gravitated together. It was like meeting a third set of grandparents. Perhaps due to the passage of time rather than genetics, the Carters were smaller people. Short in stature, but enormous in Christian, human warmth and generosity. Unlike most others of the political class I have had the misfortune of meeting, they simply exuded a good and decent aura. In purely Southern terms, they were just “sweet” people. Also, like a couple of walking, talking teddy bears, they were adorable. When our brief, happy exchange ended, I, delighted, was somewhat tempted to pick them both up and squeeze them. There was the matter of decorum and the presence of armed guards, so I let the notion die in conception. Now, one of my teddy bear friends is gone with it and I suspect—as is too often the case with 77-year(!) marriages—the other will too soon pass. It was, if I can correctly remember, a day gray but pleasant; I will forever be thankful for it.
Bifurcated Economics
Please take the time to watch or listen to the following interview discussion between Michael Hudson, Alexander Mercouris, and Glenn Diesen:
Hudson does most of the talking, in a way giving an abbreviated dissertation on many of his written works. While I am no fan of the age of post-literacy, I am thankful there are alternative means for reaching the postliterate should they dare to partake. This is one of them. Pay attention to how the divided world emerged, the financialized ruin of the West, the now obvious lies we’ve all been taught, China and Russia’s similar but still different approaches to handling the separation, and how any American Remnant might embrace a new practice comparable to the Sino-Russian model(s). For those trapped in the fog of the economic past, ever concerned about phantom chaos (as the real thing reigns around them) and the necessity of “legality,” pay extra attention to Xi’s dilemma concerning the banks and real estate and his likely simple solution. Breaking up and out is difficult, but not nearly as difficult or as damaging as staying down and in.
A New Argentine Chapter
About a year before I met the Carters, in one of my first published columns I pondered the monetary and economic turmoil in Argentina. That was the heyday of my conservative libertarianism, and, boy, did it show. While I got the gist of the currency and inflation issues right, I had to throw in a hearty exhortation of capitalism and freedom, and I even included a ubiquitous Adam Smith quote. In my defense, even as I had just experienced a wake-up call about the wickedness controlling America, I had yet to fully accept the differences between real capitalism and financialized fakery. My Smith quote was off because I (and he) had perhaps not fully comprehended what happens when public and private prodigality and misconduct meld together. I had also not accepted the extreme damage already done to America, which at the time, I thought was still salvageable. (I was young and idealistic!) But I did manage to correctly access large parts of the Argentine problem:
The government must back out of industries where it has no business and concentrate on those few issues truly central to government. … [banal talk about money supplies, history, and the gold standard] … What Duhalde needs to do is put the breaks on spending and turn off the printing press.
-Lovett, Perrin, “Cry For Argentina,” Broadly Speaking, Volume 7, Issue 2, January 2002.
My title was a take on Julie Covington’s song “Don’t Cry For Me Argentina,” as re-popularized by Madonna Ciccone in 1996. I’m thankful I still have the ability to remember past tripe I’ve cobbled and that some of it still makes a modicum of sense! At the time, I had a vague idea of the changes needed to salvage the economy in Buenos Aires. Today, I think I have a better understanding. It’s difficult to apply the breaks and turn off anything when the situation is largely in nefarious international hands. Over two decades later, the South American nation is still in much the same shape it was in back then. It still has the burden of illicit debts. It still has yet to control its monetary base. It is still mired in postmodern neoliberal necromancy. The great question for 2024 and beyond is whether Javier Milei is the long-awaited answer. He, a talking mop head, is known to his supporters as “the Crazy.” So crazy he just might work? Time will tell. Many of his position statements sound interesting and good. Others sound mildly alarming. But statements are mere rhetoric and there is little evidence at this time to dialectically support any of them. He has also won praise from many of the wrong people. He is a self-styled libertarian and I’m not sure of any regional specifications for that label. In general, libertarianism is just smiley-faced globalism by and for stoners. I have grave doubts and would caution anyone about getting too excited. Still, we will keep alive the Spirit.
The Hardest Call
As predicted by me some time ago, videos of dead and mutilated Ukrainian female soldiers are now available for viewing. I will not link to any and I do not advise seeking them out. But they exist. As we account for the probable one million-plus Ukrainian KIAs, we must now annotate in terms of men and women. Who knows what the total casualty count is and what it will be by the time Russia accepts Kiev’s unconditional surrender? What it all amounts to is a huge war crime, ethnic cleansing, and genocide. Via their usual machinations, the usual suspects have managed to depopulate Ukraine by over 50% since February of 2022, and 60% since the dissolution of the Soviet Union. The living demons in Brussels, London, and Washington will answer for their evil, on earth or beyond. For that, I am thankful.
Of course, they’re not finished yet. They won’t be until Moscow declares victory and installs a new government in the Clown’s failed Banderaite experiment. The new rumor is that Zelensky, the ultra-nationalist military junta around him, and the NATO Nazis behind him are now beginning to conscript boys as young as fourteen. This is very likely the truth, as the official narrative, told in a manner of preemptive and deflective cover, brags about forcible enlistment of eighteen-year-old boys. As Kiev’s stated figures are always off by a considerable margin, it stands to reason that minors will soon join their elders dead in the fields and trenches. It is elementary but it bears repeating: if all of the children and the young generations capable of having children are killed, then the subject population will go extinct. This may very well have been the plan for Ukraine all along, and a model for the greater annihilation the Clowns would have visited upon Russia. These prospects make the blood boil. Still, we may be thankful for another exposition of the depths of depravity the wicked will quickly delve into. We should also be grateful for the positive example of stalwart Russian awareness, will to resist, and manful ability to fight and defeat evil.
It’s an odd assortment of stories and sentiments. But we should be thankful for all of them. Please enjoy Thanksgiving Day, the weekend of shopping, recovery, and football, and the coming Christmas Season.
Meet the $18 Big Mac. Not liking the taste of grease, cardboard, and pink slime, I cannot vouch for any of the quoted prices. But I do know they’re much higher than they were. I’m not running any numbers, but I am confident these seemingly outrageous purported prices roughly match the income-housing ratio I normally use… heck, very rapid check: … $.65 BM in 1970 … $18 today = 27.7x more expensive. $10K income in 1970 x 27.7 = $277,000 today. Close enough. Thanks, Money Powers!
All is not well in the Serbian and greater Balkan housing market.
In big cities in the Balkans, housing supply outstrips demand, yet prices have skyrocketed. Experts smell a rat.
In 2010, an offshore company called Mellimate made a foray into the Skopje real estate market, snapping up a number of properties within a building in the very centre of the North Macedonia capital.
…
Market logic upended
Big cities up and down the Balkans have experienced construction booms over the past five or six years, despite only modest population increases.
In the Kosovo capital Pristina, the latest available data on empty apartments is from the census of 2011, when 15,000 uninhabited housing units were registered. The construction boom was just getting underway, and since then 575 building permits have been issued for multi-residential buildings with a total development space of nearly six million square meters. The next census is scheduled for the autumn.
In a way, this is every bit as bad as NATO’s constant meddling in Serbia.
This is further proof that all schools of economics operate in a long-gone fantasy. It also speaks to the US-style financialization of everything. And the need to police the hell out of finance and especially foreign financial interference. Not that long ago, Serbia for one, sold off the old “commie block” housing developments to young Serbians for essentially closing costs. I know someone who lives in one such home and it has been a remarkably positive development for everyone. Now with prices rising due to the infusion of funny money, the young of today are faced with circumstances not unlike those that tore America apart over the past 50 years. There’s still time to reverse this curse, and it’s good that “experts” are recognizing the smell. It is tinged with sulfur.
While the GAE debt and deficit spends its way to the moon, heavily-sanctioned (and thus, blessed) Russian economy is booming.
Surging oil and gas revenues will allow Russia to add to its sovereign wealth fund despite Western sanctions, Finance Minister Anton Siluanov announced on Monday.
The National Wealth Fund (NWF), which accumulates revenue from energy exports, was created to support the national pension system and to help cover budget deficits when needed.
The latest figures showed that revenues from oil and gas sales grew 5.3% year-on-year in July and amounted to $8.66 billion. The largest intake was from gas exports, while earnings from oil sales rose by 2.6%. According to estimates, July was the first time this year that Russia’s revenues from energy exports rose in year-on-year terms.
Given the extreme idiocy and lack of awareness displayed by the rulers of Clown World, one wonders if they aren’t really Russian double agents.
Can we have nothing real? It’s bad enough that American workers are hammered with 64% of new jobs going to foreigners. Our day is really May 1st.
But American workers did contribute at least one lasting legacy to the international movement for working-class liberation — a workers’ holiday, celebrating the ideal of international solidarity, and eagerly anticipating the day when workers might rise together to take control of their own lives and provide for their own well-being.
That holiday is May Day, not Labor Day.
Labor Day has conservative roots. In 1894, President Grover Cleveland pushed Congress to establish the holiday as a way to de-escalate class tension following the Pullman Strike, during which as many as ninety workers were gunned down by thousands of US Marshals serving at the pleasure of railway tycoon George Pullman, one of the time’s most hated industrial barons.
…
The Pullman Strike was one of the most catalyzing moments in American history, leading working people all over the country to draw revolutionary conclusions — including Debs, who read Marx for the first time while imprisoned for his role in organizing the strike.
Cleveland was wary of the response to his actions. He signed Labor Day into law a mere six days after busting the strike.
Convincing American workers to accept such a transparently disingenuous maneuver was a hard sell. But Cleveland found an effective ally in Samuel Gompers, the president of the American Federation of Labor (AFL), a conservative coalition of skilled workers that had opposed the strike.
…
Attempts to undermine May Day didn’t stop with Grover Cleveland. In 1958, President Eisenhower established “Law Day,” designating May 1 as a day to celebrate the rule of law and its role in shaping American life. The holiday remains on the books to this day.
May Day celebrates the historic power of the working class to oppose its oppression and fundamentally alter society. Though it’s a welcome break from work for many of us, Labor Day is just another legacy of worker defeat.
And today is hardly even a day of rest for millions of the most precarious and underpaid workers in the country.
Still, for the precarious and underpaid who managed to beat the H1Bs, happy (fake) Labor Day!
For those who can’t or won’t read things like Killing The Host, here are two videos from Michael Hudson that add historical context to the current economic misery:
BONUS: Here’s another one, with 11 points he has also covered before in writing (with solutions):
It turns out that banning the unwanted little kids from one’s imperial playground only encourages them to build their own.
De-dollarization and war
This realization has prompted many countries to take action to decrease their vulnerability to sanctions, with China creating a new financial infrastructure outside US control and pushing for commodity suppliers to short-circuit the dollar. The establishment of a BRICS bank as a counterweight to the IMF is just one more step in that direction.
It remains to be seen whether the US will view widespread de-dollarization as a national humiliation and yet another pretext to go to (financial) war. But what is certain is that sanctions do not work – with the rare exception of those levied against Apartheid South Africa last century, though perhaps because these sanctions were genuinely a universally agreed upon course of global action.
Western sanctions, in contrast, are a specific coercion instrument used by only a handful of states to force” behavior change” on targeted adversaries, as seen in Iraq, Serbia, Iran, and Venezuela.
Iran, as a case in point
The Islamic Republic of Iran is an old hand at dealing with western financial coercion. It is the most sanctioned country in the world with over 4000 sanctions – until the 2022 Russian-Ukrainian conflict came into focus. Despite the oppressive regime of western economic punishments, Iran has made remarkable progress in both military and scientific fields and has established self-sufficiency milestones in vital sectors of its economy.
Read the whole thing. The other side was waiting for the triggering event and found it when the US stupidly kicked Russia out of SWIFT. This is all great for the rest of the free world. Someday, it might even be of value to Americans – if they can first rid themselves of their ruling foreign elites.
Screening The Competition: A Look Around (A Mysterious Loop Around 1980)
The girl had serious competition from gals with names like Lynda Carter, Mary Tamm, and Catherine Bach. I mean, circa 1980, that was camera-melting serious competition. Still, for the crime of stealing his little heart, if a boy had to identify one lone perp from the lineup, then this one would have pointed a giddy finger at Lalla Ward.
The 2020 US presidential contest was stolen – the crowning achievement of the deep state’s decades-long quest to totally control electoral politics. How many decades? At least, we are now certain, four. Information and revelations have just surfaced proving a prior theory of mine that The Actor was installed by the dark state at Jimmy Carter’s expense. I just wasn’t sure exactly how they did it. Now we know. I get a little defensive about Jimmah if, for no other reason, he is the only President I have ever met (he and Miss Rosalynn are two of the sweetest people I’ve ever encountered). Now knowing that external events were used to sway the 1980 election, I consider whether internal events were used to degrade Carter’s whole tenure and administration. I wish I could consider this over a decent number of Billy Beers.
On the heels of last week’s analysis of the debt apocalypse, the Piedmont Chronicles requested an exclusive follow-up article. I sent one wherein I delved a little deeper into the derivatives casino bubble. Here’s the Big List of who gambled what, as of the end of 2022. Note that Goldman (No. 1) and JPM-Chase (No. 2) together account for a derivatives H-bomb over five times the size of the reported US annual GDP. No. 10 PNC had an exposure equal to the entire federal budget of 1980. While the real number of banks at systemic risk might be “all of them”, 200(!) are known to be in grave danger. The trouble is international: “UBS has offered to buy Credit Suisse for up to $1bn, with Swiss authorities planning to change the country’s laws to bypass a shareholder vote on the transaction as they rush to finalise a deal before Monday.” That, by the way, is Clown World “democracy” in action, “democracy” meaning the hasty rigging of laws to circumvent votes.
Rigged elections. Rigged banks. Rigged shareholder votes. What else is going on? How about rigged schools and lawsuits?
Multiple failed US government “school” systems are suing Big Tech, allegedly on behalf of their students, for nuisance, negligence, and, interestingly, unfair competition. Read San Mateo County’s Complaint against EweTube, Goolag, et al, HERE. There’s a crisis in the “schools”!
Charged with the care and education of the nation’s children, educators in San Mateo County are on the frontlines and face the brunt of a crisis they are compelled to address. Like other schools across America, schools in San Mateo County have had to deploy extraordinary and unprecedented resources and measures to protect and restore the health and safety of children in their care. Our local schools have had to divert precious resources away from traditional pedagogical goals to address this immediate and pressing crisis. But a tragedy for some is a bonanza for others. As schools and families are dealing with an exploding crisis wreaking havoc on the health and safety of the nation’s youth, social media companies enjoy an explosion of revenue.
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…Social media companies quickly realized that these unique vulnerabilities make young people an especially lucrative market because their reward pathways hardwired for healthy social development can be readily hijacked to keep them on their platforms for excessive periods of time. Over time and continuing to today, Defendants have adjusted and optimized the underlying algorithms and features of their platforms to exploit these vulnerabilities.
(San Mateo Complaint, at 5-7).
Despite this allegation coming from a US “school” system, some of it is accurate, like the part I emphasized above. I covered the neuro-physical impact of “screen” watching over two years ago.
Professor Hikaru Takeuchi, a neuroscientist at Tohoku University, Japan, published a startling study about exactly what television does, long-term, to a child’s brain. The changes morph from chemical to physical, with abnormal growth in the frontal lobe, frontopolar cortex, hypothalamus, septum, sensorimotor, and visual reception centers. So altered, the child is increasingly susceptible to the symptoms of ADD or ADHD (pre-existing or not), lowered visual perception, increased aggression, depression, decreased vocabulary capacity, decreased linguistic ability, lowered reasoning ability, and even lowered general IQ.
Is the BAD part clear now? If not, I’ll keep going.
Research released this year, by scientists in Hungary, exposes the horrific damage done by screens to Generation Alpha (the post-Z kids, born 2010 and after). While it’s a little predictable, I’m happy they finally have a common title. They also have a common problem. Our youngest generation has, if one thinks about it for a second, grown up in a world entirely awash in electronic entertainment and information. Here, I could write another entire column or a book. Why can’t Johnny read? He can’t even go outside!
The good Hungarians found that screen-addicted children – and it is an addiction – by and through the aforementioned mechanisms, grow up or into entirely different thought patterns and processes than they would have normally and naturally. Beyond the horrors delineated by Takeuchi, newer studies show a stark, uniform shift from “right-brain” thinking to left. That means children become more detail-oriented at the expense of creativity and overall abstract reasoning abilities. It’s cliche but the researchers are correct in saying the kids “can’t see the forest for the trees.”
The CIA, the advertising industry, and television studios understood the susceptibilities of the mind and the narcotic effect of moving pictures thereon decades before the advent of social media. The socials are arguably worse than TeeVee and ordinary webbery because they are more readily accessible, interactive, and personalized. They are addictive and psychotropic, just like the amphetamines the schools force many children to take. They are damaging like the fake vaccines the schools force on many of the kids. They are spirit-crushing, just like the act of sitting in stupid classrooms for twelve years, as forced on all the kids. Does pot meet kettle? Jealousy. No wonder they’re claiming unfair competition; ruining the minds and lives of children is the educators’ job, right?
There’s also a very uncomfortable relationship, unmentioned in the Complaint. In civil law, there is such a thing as the “empty chair” defense, whereby a defendant attempts to shift culpability to some other party unnamed in the plaintiff’s cause of action. In many or most cases, the CIA, DOD, FBI, etc., founded, funded, owned, and/or operated the social media companies. These agencies have an inordinate influence on the “schools” as well. These are cases likely going nowhere, unless there is a deeper plot to further, rather than combat, the very real crisis in the schools. Let all of this stand as another reason in an endless list why no child should ever set foot in an organized school.
Along with so much else, the ill effects of social media in the classroom are fully covered in THE SUBSTITUTE, the novel of which you should buy at least 10 copies. In Chapter Eleven, Tom Ironsides explains why the schools failed:
Towards the end of class, a quiet, well behaved boy asked him a simple and direct question: ‘Mister, why are our schools so bad?’
In hindsight, Tom could have made a more tactful response. But he was hot then and given to honesty in general. He looked the boy in the eye and without hesitation said: ‘Because they’re run by feminists, queers, and communists.’
Back in 1980, Tom was, of course, his high school’s star quarterback and student. He survived, but things were different then, and he’s exceptionally exceptional.
And now, to honor Brian Hendrix’s fascinating Southern country apologetics at Reckonin’ and MB’s Musical Minutes at TPC, I offer a little neo-Celtic folk rock from some of the loveliest, most talented young ladies in Belfast.
“Red Button”, Dea Matrona:
“You’re So Vain”, Carly Simon (cover by Dea Matrona):
How it wasn’t a hit in the US, back in … 1980, I don’t know. Yet, as a bonus, here’s Martha and the Muffins with “Echo Beach”:
And around 1980, Martha Ladly, the other Martha, the Martha on keyboards, did look a lot like Lalla Ward! Yandex or Brave it, and, yes, these two beauties still look alike. And beautiful. “Echo Beach” was a Top 10 hit in the Muffin’s native Canada and Ward’s UK about the time Ward was in the middle of her run as the second incarnation of Romana, Tom Baker’s Dr. Who’s rare, peer-level Timelord companion. Come to remember it, Ward shared an episode in, I think, 1979 with Tamm (RIP). In 1972, or, excuse me, eight years before 1980, Ward also shared the big screen with the extremely beautiful and, later, falsely-maligned Lynne Frederick (RIP) in Vampire Circus, perhaps the last of the classic Hammer horror flicks. Neither sweetheart got enough speaking time, but we all recall the exciting scene where Ward’s Helga cruelly but cutely taunts Frederick’s Dora. It’s a shame we don’t have enough time for… Heck, here it is:
That’s all for now. Join me as we fade out lyrically: