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Wednesday, May 4, 2022

2022-05-04

*** denotes well-worth reading in full at source (even if excerpted extensively here)

Economic and Market Fare:



The most concerning thing about Thursday’s report on U.S. gross domestic product for the first quarter wasn’t that the first line of the first table showed that real GDP fell at a 1.4% annual rate. It was the little-noticed news on line 34 showing that real disposable incomes fell for a fourth straight quarter.

Incomes are perhaps the least-appreciated factor in driving economic growth, because everything starts there.

Unwinding stimulus

Over the last four quarters, the purchasing power of after-tax household incomes plunged by $2.2 trillion (in 2021 dollars). That’s a 10.9% decline, by far the largest in the records dating back to 1947.

Of course, the decline in incomes is merely the unwinding of the massive support that households received from the government in 2020 and 2021 via direct pandemic stimulus payments, the child tax credit, and enhanced benefits for unemployment insurance, food stamps and Medicaid, and more.

This means that the Fed is chasing a shadow. Because if our current spike in inflation is all due (as many people argue) to an overly generous federal government giving its people too much money, then our inflation problem is about to go away.



... Our indicator sees the data as highly extended versus trend. We call this 'late cycle' because, historically, readings sharply above trend have often (but not always) occurred later in an economic expansion. This statement is not about predicting a recession, necessarily, but our economists are convicted that we are seeing a meaningful deceleration. And thinking probabilistically, that type of deceleration almost surely increases the chances of a downturn. Whether the contraction materializes or not, it will affect cross-asset performance today.

At present, the late-cycle indicator is consistent with underperformance of high yield credit relative to both equities and bonds, the outperformance of defensive equities, a flatter curve and fewer headwinds to long-end duration.





The 10-year Treasury yield has vaulted towards the psychological 3% level as the market has moved to price in Fed rate hikes arriving at 50 basis points per meeting — despite the people like myself who were skeptical about such a reaction (oops). As I have noted in the past, moving to 50 basis point increments might allow the policy rate to regain levels of previous cycle — instead of the post-1990 pattern of the policy rate peaking at lower levels. The implicit theoretical point is that the level of rates is less important than conventional belief — the faster rate hike pace allows a higher peak rate for the same time interval. 



... The three largest cities in China are going to be removed from the world market. According to analysts, at least 40% of China’s GDP has been taken offline and this was before lockdowns began in Beijing. The vast majority of this GDP is directly related to global manufacturing. Removing it means removing the flow of containers from the world economy. 

Container volumes from China to the United States started to fall on April 6. It hasn’t been a direct line down; more like a roller coaster. In the first 10 days, container volumes dropped by 31%. Volumes have since rebounded about halfway, to “just” a 16% drop. But according to FreightWaves SONAR’s volume booking forecast, volumes have started to drop once again and could fall to 50% of the April 6 number by May 9. ...


****** Crescat Capital: A Plethora Of New Macro Trends

We are currently experiencing profound changes in the global economy that are likely to unleash a plethora of early-stage secular trends in a new inflationary regime. These are long-overdue structural shifts powered by decades of easy money policies and record levels of debt-to-GDP among developed economies: .....

Five Pillars of Inflation

We are currently facing five early-stage structural changes in the macro environment that are likely to fuel a long-term inflationary problem:
  1. The “demand-pull” from rising wages and salaries and a tight labor market
  2. “Cost-push” supply shortages caused by a chronic period of under-investment in natural resource industries
  3. Reckless fiscal spending
  4. Rising deglobalization trends
  5. The need to deleverage debt-to-GDP though rising inflation





QOTW:

Danielle DiMartino Booth: "We have so many zombies in our midst at this point, one in five corporations, they have to roll their debt over. It's not an option, it's not an A or a B. They have to roll the debt. People talk about the demise of the dollar, blah blah blah, but there's a trillion dollars of global nonfinancial debt that has to be refinanced in 2022. Companies right now are focused on getting their dollar-denominated debt refinanced this year"
... She added "Look, I get it. We've got inflation, but if and when something breaks we could have a massive wave of disinflation. And I think we are actually seeing that now."
and, re: "What's your terminal rate?"
"I don't think we see 3.4%. I don't. I don't know that we see 2.4%. Just look at his [Powell's] track record. Look at what the market bears. I think it's more than credit can bear."

78-Year-Old Sierra Investment Management Fund Manager, David Wright: "I believe we are in the biggest bear market in my life. This is just the second inning. A lot more to come."

Eric Basmajian: New orders declined to a 22-month low in April. The slowdown is far from over. Every asset class is pricing in the slowdown. Rates are still overpowered by Fed expectations.


Other Charts: 
1:


... I define a bubble market as one that has a combination of the following in high degrees:
  1. High prices relative to traditional measures of value (e.g., by taking the present value of their cash flows for the duration of the asset and comparing it with their interest rates).
  2. Unsustainable conditions (e.g., extrapolating past revenue and earnings growth rates late in the cycle when capacity limits mean that that growth can’t be sustained). 
  3. Many new and naïve buyers who were attracted in because the market has gone up a lot so it’s perceived as a hot market.
  4. Broad bullish sentiment.
  5. A high percentage of purchases being financed by debt. 
  6. A lot of forward and speculative purchases made to bet on price gains (e.g., inventories that are more than needed, contracted forward purchases, etc.). 


COVID-19 notes:

Public Health Ontario: Post-Acute COVID-19 Syndrome (PACS) in Adults

Key Messages
  • The definition of and diagnostic criteria for post-acute COVID-19 syndrome (PACS) are not yet well established. This rapid review considered PACS as persistent or new sequelae present 3 or more weeks after severe, mildly symptomatic or asymptomatic SARS-CoV-2 infection.
  • Pooled mean prevalence results for any experience of PACS, extracted from nine systematic reviews, ranged from 51%–80%. ...


Other Fare:

Running and the Science of Mental Toughness
  • Experts are agreed the brain controls physical exercise – but they are arguing about how it persuades us to stop before we reach the point of complete exhaustion.
  • Does the brain act on signals from the body, or is it our psyche that pulls the strings? The question has given rise to a fascinating theoretical discussion.
  • The central governor theory is well known among scientists – but some believe it assigns too much importance to the signals received from the muscles, heart and lungs.
  • How does our brain make us stop if it doesn’t make use of the signals coming from our muscles? The answer might lie in the perception of effort – a subjective feeling.


Pics of the Week:

See The Exquisite New 100 Megapixel Photo Of Two Galaxies Merging 40 Million Light-Years From Us


also:




Contrarian Perspectives

Extra [i.e. Controversial] Fare:

*** denotes well-worth reading in full at source (even if excerpted extensively here)


Regular Fare:

And other insights from Jay Newman, the hedge fund insider turned novelist who has some unique insights into the darker corners of the world of finance.





Unsustainability / Climate Fare:

********** Greer: Whispers of the Fall

... We can start with peak oil.  Starting in the middle years of the twentieth century, a handful of petroleum geologists began to point out that building a civilization on the breakneck extraction and consumption of nonrenewable fossil fuels would have an awkward downside once the fuels began to run short. Their concerns were brushed aside by almost everyone else.  When the United States—the first nation on earth to start extracting oil commercially—ran out of new conventional-oil reserves to extract in the early 1970s, and got hammered by the oil shock of that decade, a slightly larger number of people started paying attention to the risk that industrial civilization might literally run out of gas. (One of them was iconic science fiction author Isaac Asimov, whose vivid if inaccurate 1977 essay “The Nightmare Life Without Fuel” first got me thinking seriously about the subject.)

The energy crisis of the 1970s ended with a flurry of short-term fixes that temporarily flooded the market with cheap crude oil again. By the last years of the twentieth century, those fixes were past their pull date, for a simple if awkward reason summed up by petroleum geologists in a memorable phrase: “depletion never sleeps.”  In any human timescale, petroleum is a nonrenewable resource; every barrel of oil that’s pumped out of the ground and burnt today is a barrel you can’t pump and burn tomorrow, or any time in the next fifty million years. The short-term fixes that drained the Alaska North Slope, North Sea, and Gulf of Mexico fields dry kept prices down for a few short decades, at the cost of leaving much less oil to cushion the impact when the next crisis hit.

And there we were again. ......

........... The climate change movement turned out to have more staying power than the peak oil movement. That was mostly because the global climate didn’t send fuel prices spiking to politically risky levels, and so nobody even pretended to fix climate change with a flurry of short-term gimmicks. What happened instead was that the climate change movement kept going through the same hapless motions while greenhouse gases kept pouring into the atmosphere. It’s entertaining in a bleak way to watch the way that each year’s climate protests insist that something has to be done this year or we’ll all surely die, often in the same words they used the year before, and the year before that, and so on. Meanwhile nothing is done, and the global climate year after year shifts further into territory not seen in recorded history. The next stage—well, again, we’ll get to that in a bit.

....... Finally, all three of the processes I’ve just surveyed—the end of the era of cheap energy, the slow destabilization of the global climate, and the twilight of America’s global empire—are all motifs in a much vaster picture. That broader perspective is the decline and fall of modern civilization. That’s not something poised off in the distant future, by the way. .....

 And of course all these changes—the end of cheap energy, the shift of the planet’s climate, and the crumbling of America’s empire—are hitting their stride at the same time, as elements of the broader arc of decline and fall.

Welcome to the future. ...



Yves here. I hate to sound like a Luddite, but even if some carbon dioxide removal projects get off the ground and manage to sequester meaningful amounts of carbon dioxide, this strikes me as at best an exercise in hopium, and worst in cynicism. Warming Siberian permafrost is belching out huge amounts of methane. So too are portions of the ocean floor. Yet the planet continues to operate on a business as usual basis when we need to engage in radical conservation now.


Related Vids:






COVID Fare:

I've continued to come across too much excellent COVID-related content (with contrarian evidence-based points-of-view!!) to link to it all
Read everything by eugyppius; el gato malo; Mathew Crawford; Steve Kirsch; Jessica Rose!
Paul Alexander, Berenson, Chudov, Lyons-Weiler, Toby Rogers are also go-to mainstays; a list to which I have added Andreas Oehler, Joey Smalley (aka Metatron) and, Julius Ruechel; Denninger worth staying on top of too for his insights, and especially his colorful language; and Norman Fenton; new addition: Marc Girardot; plus Walter Chesnut on twitter; I will of course continue to post links to key Peter McCullough material, and Geert Vanden Bossche, and Robert Malone, and Martin Kulldorff, and Jay Bhattacharya, and Sucharit Bhakdi, and Pierre Kory, and Harvey Risch, and Michael Yeadon, and John Ioannidis, and Paul Marik, and Tess Lawrie, and Zelenko, and Dolores Cahill, and [local prof] Byram Bridle, and Ryan Cole, and…
but going forward, my linking to material by those mainstays mentioned above will be reduced to key excerpts and/or essential posts

Analysis:

All 3 vaccines, BNT162b2 (Pfizer) and mRNA-1273 (Moderna) & adenovirus (ChAdOx1) are associated with cardiovascular complications



Commentary:


All the things they got wrong as of August 2021 listed here.  Hoping I don’t have to write another one of these, though not optimistic. I’ve been writing this stuff down since the last shitpost on the topic, so some or most of it will seem irrelevant now. Really you can stop reading now; people were at each other’s throats over this crap, literally until February 24 when Putl0r cured the world of corona-chan. The Empire of Lies (aka the US establishment) hasn’t acknowledged that it basically goofed everything up, and is presently engaged in distracting you with more nonsense. I’m here to remind everyone what unbearably incompetent morons they all are.....


I made a list in September 2021 (271 pages long)! Here are a couple of shorter documents that summarize the reasons why intelligent people are refusing to get the jab and why we are winning them over.


The Fallacy of Equal Knowledge

I have, on several occasions, wondered aloud what to call the following phenomenon1:
  1. A problem is recognized.
  2. One of many possible solutions is advanced.
  3. Those who resist said solution are understood to be denying that the problem exists.
Two modern instantiations of this phenomenon surround Covid and racism.

Covid
  • Problem: Covid is a real threat to human health and well-being.
  • Proposed Solution: Newly developed mRNA vaccines are the way forward to address the Covid pandemic.
  • Conclusion: If you are skeptical of the safety or efficacy of the mRNA vaccines, you are denying that Covid is a real threat to human health.
The more sane and accurate interpretation is that mandating a single, newly developed and experimental solution for a complex problem will cause many—including in the scientific and medical communities—to resist that solution, without the resistors ever denying that Covid is a real and abiding threat. ...

...  The fallacy of equal knowledge is the often “unstated assumption that if we all had the same information, we’d all agree.”


The Information Wars Part XV

......... Listen closely. You need to hear this. I know that it's hard to hear much of anything right now. That's by design. There are noise weapons for crowds, but the electronic boxes all around you have a well known side effect of brain fog. But you need to know how this can end in a horrible victory.

We may win. We may take down some or all of the global corporations and partnered state and NGO actors that plan to control humanity like herds of chip-tagged cattle for as long as they can manage it. If we do, it will be more dramatic than Lieutenant Colonel Lawrence taking Damascus. It will be Thermopylae, Agincourt, and Salamis wrapped into one.


Tweets & Quotes of the Week:

Chudov: Do vaccinated people shed their vaccine byproducts to us? We definitely, for sure, knew that vaccine shedding was not a thing, because “health experts and fact checkers” told us so. And we “believe science” and our “health experts”. Right?

eugyppius: In case you were wondering whether the world’s most malevolent philanthropist had learned any lessons at all from the past two years of absurdist apocalyptic catastrophe, multidimensional failure, and wilful social and economic destruction, wonder no more: The dusty, poorly illuminated beige space that is Gates’s brain thinks our response has been fantastic, and he wants to do all of it more and harder the next time around.



CO-VIDs of the Week:

Del Bigtree interviewing Stephanie Seneff - alarming

more here


Pushback Fare:

The Moral Right to Conscientious, Philosophical and Personal Belief

Many parents… are not philosophically opposed to the concept of vaccination and do not object to every vaccine. However, they are philosophically opposed to government health officials having the power to intimidate, threaten, and coerce them into violating their deeply held conscientious beliefs in the event they conclude that either vaccination in general or, more commonly, a particular vaccine is not appropriate for their children.

The principle of informed consent to medical treatment, which has become a central ethical principle in the practice of modern medicine and is applied to medical interventions which involve the risk of injury or death. Implicit in the concept of informed consent is the right to refuse consent or, in the case of vaccination laws, the right to exercise conscientious, personal belief or philosophical exemption to mandatory use of one or more vaccines.

The right to informed consent as an overarching ethical principle in the practice of medicine for which vaccination should be no exception. We maintain this is a responsible and ethically justifiable position to take in light of the fact that vaccination is a medical intervention performed on a healthy person that has the inherent ability to result in the injury or death of that healthy person.

......... In another article, Dr. Katz said that the judges of the Nuremberg tribunal, overwhelmed by what they had learned, “envisioned a world in which free women and men, after careful explanation, could make their own good or bad decisions, but not decisions unknowingly imposed on them by the authority of the state, science, or medicine.”

...... Argue with us. Educate us. Persuade us. But don't track us down and force us to violate our moral conscience.



COVID Idiocracy Fare:

Douglas Brodie, Nairn, 2nd May 2022

.... Mark Twain understood this psychology when he said “it’s easier to fool people than to convince them that they have been fooled”. Dr Lawrie recounts from her own experience how presenting “indisputable” contrarian facts to someone who fully supports the government’s Covid narrative invariably resulted in her cast-iron facts being summarily dismissed. 



Back to Non-Pandemic Fare:

GeoPolitical Fare:

In this penetrating interview, Jacques Baud delves into geopolitics to help us better understand what is actually taking place in the Ukraine, in that it is ultimately the larger struggle for global dominance, led by the United States, NATO and the political leaders of the West and against Russia.

...... Volodymyr Zelensky was elected on the promise he would make peace with Russia, which I think is a noble objective. The problem is that no Western country, nor the European Union managed to help him realize this objective. After the Maidan revolution, the emerging force in the political landscape was the far-right movement. I do not like to call it “neo-Nazi” because “Nazism” was a clearly defined political doctrine, while in Ukraine, we are talking about a variety of movements that combine all the features of Nazism (such as antisemitism, extreme nationalism, violence, etc.), without being unified into a single doctrine. They are more like a gathering of fanatics.

After 2014, Ukrainian armed forces’ command & control was extremely poor and was the cause of their inability to handle the rebellion in Donbass. Suicide, alcohol incidents, and murder surged, pushing young soldiers to defect. Even the British government noted that young male individuals preferred to emigrate rather than to join the armed forces. As a result, Ukraine started to recruit volunteers to enforce Kiev’s authority in the Russian speaking part of the country. These volunteers ere (and still are) recruited among European far-right extremists. According to Reuters, their number amounts to 102,000. They have become a sizeable and influential political force in the country.

The problem here is that these far-right fanatics threatened to kill Zelensky were he to try to make peace with Russia. As a result, Zelensky found himself sitting between his promises and the violent opposition of an increasingly powerful far-right movement.

... So, despite his probable willingness to achieve a political settlement for the crisis with Russia, Zelensky is not allowed to do so. Just after he indicated his readiness to talk with Russia, on 25 February, the European Union decided two days later to provide €450M in arms to Ukraine. The same happened in March. As soon as Zelensky indicated he wanted to have talks with Vladimir Putin on 21 March, the European Union decided to double its military aid to €1 billion on 23 March. End of March, Zelensky made an interesting offer that was retracted shortly after.

Apparently, Zelensky is trying to navigate between Western pressure and his far right on the one hand and his concern to find a solution on the other, and is forced into a ” back-and-forth,” which discourages the Russian negotiators.

...... With the end of the Cold War, Russia expected being able to develop closer relations with its Western neighbors. It even considered joining NATO. But the US resisted every attempt of rapprochement. NATO structure does not allow for the coexistence of two nuclear superpowers. The US wanted to keep its supremacy.

Since 2002, the quality of the relations with Russia decayed slowly, but steadily. It reached a first negative “peak” in 2014 after the Maidan coup. The sanctions have become US and EU primary foreign policy tool. The Western narrative of a Russian intervention in Ukraine got traction, although it was never substantiated. Since 2014, I haven’t met any intelligence professional who could confirm any Russian military presence in the Donbass. In fact, Crimea became the main “evidence” of Russian “intervention.” Of course, Western historians ignore superbly that Crimea was separated from Ukraine by referendum in January 1990, six months before Ukrainian independence and under Soviet rule. In fact, it’s Ukraine that illegally annexed Crimea in 1995. Yet, western countries sanctioned Russia for that… 


Someone who's over there demolishes three whopping lies about "Ukraine," with visual evidence beyond dispute



Recent reporting suggests that my sense that Russian President Vladimir Putin had not planned to invade and was instead engaged in coercive diplomacy in massing troops around Ukraine is supported, though not necessarily confirmed by US intelligence, according to a recent report on US per-war intelligence.....

The new report has some erroneous information that exculpates Ukrainian actions that might have prompted Putin’s decision to invade, believing that 8 years of unfulfilled Minsk agreement promises and three months of stalling on his proposals for Ukraine, NATO, and European security architecture settlements had proven finally futile ....

... Putin’s decision also included limits on the war, which Moscow calls a ‘special military operation.’ This aspect of the war is particularly intriguing and telling. The Russian army has refrained from shelling anywhere near central Kiev. Unlike the US war in Iraq, Putin’s war is not war, no less total war. There have been no airstrikes or missile attacks on the Ukrainian government’s central civilian and military leadership, and civilian infrastructure has gone largely untouched, despite thousands of targeted rockets raining down on military targets. In Iraq and in any full-scale war such targets are priority in order to disrupt leadership

..... Whether one or both parties want it or not, their actions have set the stage for a Kremlin decision to declare war, meaning total war, on Ukraine, A Russian declaration and accompanying escalation of violence is likely to be followed by a NATO intervention supported by a desperate and illegitimate US administration, which appears bent on aping Ukrainian and Russian authoritarianism at home and creating a besieged fortress rally around the flag dynamic before the upcoming elections in which the Democrat Party-state is destined for a resounding defeat 



..... First, the Russian ‘special military operation’ is a millstone that grinds slowly but grinds fine. It is working. The Russians are crushing the Ukrainian forces.  It is improbable that any amount of deliveries of foreign equipment to Kiev can make a difference on the outcome of this conflict. Indeed, while critics of the US-led intervention in the conflict claim, correctly, that the deliveries are drawing out the war by encouraging Kiev to fight on, it is also true that the Russians have no problem with that:  the longer it goes on, the more territory they can seize, with a view to controlling and ultimately annexing the entire Black Sea littoral. They would thereby ensure that what survives of the Ukrainian state can never again pose a military threat to Russia, with or without NATO help.

.... Ukrainians are in well-fortified bunkers that they constructed over the past eight years and they are situated in the midst of small towns where they have to be flushed out street by street, house by house. Carpet bombing or unlimited shelling would result in heavy loss of life among the civilian population, many of whom are Russian speakers, precisely the people whom the Russians are seeking to liberate.

... The reasoning underlying the Russian Way of War in Ukraine has been wholly overlooked or dismissed out of hand by official Washington. American media and senior politicians speak only of Russia’s supposed logistical problems and poor implementation of its war plans.  This is so is not because Biden’s advisers are lame-brained. It is so because of the ideological blinkers that the whole foreign policy establishment in the United States wears. The ideology may be called (Wilsonian) Idealism. It stands in contrast to Realism, which is espoused by a tiny minority of American academics.

The distinction is not mere words. It is how foreign policy issues are analyzed. It is about the creation in the United States of a post-factual world that might just as well be called a virtual world. 

.... The virtual world bubble in which the U.S. foreign policy community exists and flourishes is a disaster waiting to happen.  Who will heed the wake-up call of John Mearsheimer and the few policy experts who hold up the Realpolitik standard?



.................... As for Azov, there is evidence being published now confirming that the Americans and especially the Canadians played a leading role in training the ultra-radical and clearly neo-Nazi units in Ukraine. During all these years, the goal was to insert neo-Nazis into the regular Ukrainian troops. Thus, the Azov fighters would play a leading role in every unit (battalion or regiment). I read such reports in Western media. The fact that the Azov battalion is clearly a neo-Nazi unit was recognised by the West without any hesitation until the situation in early 2022, when they began to change their minds as if on cue.

.......... We are not demanding that he [Zelensky] surrender. We are demanding that he give the order to release all civilians and to stop resisting. Our goal does not include regime change in Ukraine. This is the specialty of the US. They do it all over the world. We want to ensure the safety of people in eastern Ukraine, so that they won’t be threatened by militarisation and nazification and that no threats against the Russian Federation emanate from Ukrainian territory.



... the special military operation is proceeding according to plan. Under this plan, the Russian military personnel are doing everything in their power to avoid victims among civilians. Blows are carried out with high-precision weapons, first of all at military infrastructure facilities and places where armoured vehicles are concentrated. Unlike the Ukrainian army and nationalist armed groups that use people as living shields, the Russian army provides the locals with all kinds of assistance and support. Humanitarian corridors open daily from Kharkov and Mariupol to evacuate people from dangerous districts, but the Kiev regime demands that the “national battalions” in control of those areas do not release the civilians. Nevertheless, many are able to leave with the assistance of Russian, DPR and LPR servicemen.


Related Tweets / Vids:

Clayton Morris: Zelensky's government is targeting and disappearing journalists. I sat down with award-winning war correspondent @EvaKBartlett, and what she told me is terrifying. My full interview here: ..


CaitOz Fare:

Western Civilization Is Being Organized Around Winning US Infowars

... Over the last two years you’d get called an “anti-vaxxer” and worse if you said you didn’t think government-tied monopolistic megacorporations should be restricting speech about Covid measures that affect everyone, but it turns out those who issued these warnings were 100 percent correct.



..... Yep, when you see a shady basketball player/empire propagandist fraternizing with the CIA Director while surrounded by media celebrities and government insiders at a party hosted by a media-owning plutocrat, you know you’re in a country where power is held to account. Right, Trevor?

.... The orgy of embarrassment was capped off by the 2022 Met Gala, a big weird dystopian parade of rich freaks dressed like Hunger Games aristocracy and laughing in the face of everyone who can’t afford to live.



It’s a good thing Trump lost because otherwise Roe v Wade would be on the chopping block and immigrants would still be getting mistreated and the Iran deal would still be dead and the military budget would keep inflating. That bastard would probably have us on the brink of World War 3 by now.

❖

Joe Biden doing a live infomercial for Javelin missiles while everyone who voted for him worries about women’s reproductive rights is the most Joe Biden thing that has ever happened.

❖

Once you see that both mainstream US parties are part of a single oligarchic power structure it stops looking like a battle between opposing parties and looks more like one giant bully standing in front of voters saying “Let me hit you with my left fist or I’ll hit you with my right.”

.....

❖

So yeah, just so we’re clear, the US empire is rapidly restructuring the systems people look to for information about the world in order to ensure iron-fisted control over our dominant narratives while it scrambles to subvert its rivals in cold war maneuverings and secure unipolar planetary hegemony. .....


Other Quotes of the Week:

Kunstler: “Disinformation” just means anything that the Left doesn’t want you to say out loud. The truth is that everything the Left stands for these days is some kind of a hustle — which is the cheap street version of a racket, meaning an effort to extract something of value from you dishonestly.  It’s the only way they know how to operate. It necessarily and chiefly depends on the deployment of lies, which by definition are propositions at odds with reality. The more they traffic in lies, the further they must distance themselves from reality and try to coerce you to go along with evermore absurdity

Welsh: Your leaders are culling you. Deliberately. They know what they’re doing and they’re good with it. Are you good with it? You may not be able to do anything ye, but the first step is to understand, in your gut, that they are a threat to you: enemies of yours.

................. God forbid we make a human being suffer the sort of indignities and cruel suffering we impose upon animals!

Or even worse perhaps:

God forbid we end up with an animal that receives the sort of rights we only grant to human beings!

........... And the reason I’m asking, is because it’s already abundantly clear that intelligence or the capacity to suffer, just fundamentally doesn’t matter to you. Your domination, your privileges, are bestowed on you by virtue of being human. Just look at how you treat the other intelligent animals: ...

.... Here you see the brain of a dolphin. This is an animal that humans will happily kill. On the Faroe islands, people will readily kill numerous dolphins every year. Nobody interprets this as genocide. After all, it’s not our species.

On the other hand, humans consider it murder to remove a blastocyt from a human womb that doesn’t have a functional nervous system yet.

And of course, to a large degree this whole problem can just be attributed to most people not being very smart.

... To have legal abortion requires the kind of intelligent decision-making class that Western societies are rapidly losing. 



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