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Thursday, June 23, 2022

2022-06-23

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

Economic and Market Fare:

Albert Edwards Gently Warns Of Imminent ‘Collapse,’ ‘Meltdown’

By and large, market commentators now begrudgingly concede that the odds of a US recession occurring over the next 12 to 24 months are very elevated. Generally speaking, though, they stubbornly insist any downturn will be mild.

Such wishful thinking is “a spurious landmark we pass at this stage in the cycle before all hell breaks loose and both the economy and markets collapse.” That’s according to SocGen’s Albert Edwards who, on Wednesday, wrote that with both a recession and a market “meltdown” looming, “familiar phrases are returning to greet me like long-lost friends.”

One of those phrases is the contention that a recession, assuming it occurs, will be “shallow.” Another is the notion that stocks have already priced it in. As you can imagine, Edwards doesn’t agree with either. ...


Hudson: The Fed’s Austerity Program to Reduce Wages

To Wall Street and its backers, the solution to any price inflation is to reduce wages and public social spending. The orthodox way to do this is to push the economy into recession in order to reduce hiring. Rising unemployment will oblige labor to compete for jobs that pay less and less as the economy slows.

This class-war doctrine is the prime directive of neoliberal economics. It is the tunnel vision of corporate managers and the One Percent. The Federal Reserve and IMF are its most prestigious lobbyists. Along with Janet Yellen at the Treasury, public discussion of today’s inflation is framed in a way that avoids blaming the 8.2 percent rise in consumer prices on the Biden Administration’s New Cold War sanctions on Russian oil, gas and agriculture, or on oil companies and other sectors using these sanctions as an excuse to charge monopoly prices as if America has not continued to buy Russian diesel oil, as if fracking has picked up and corn is not being turned into biofuel. There has been no disruption in supply. We are simply dealing with monopoly rent by the oil companies using the anti-Russian sanctions as an excuse that an oil shortage will soon develop for the United States and indeed for the entire world economy. ....

...... The coming economic austerity (indeed, debt-burdened depression)

... Biden’s military and State Department officers warn that the fight against Russia is just the first step in their war against China’s non-neoliberal economy, and may last twenty years.

That is a long depression. But as Madeline Albright would say, they think that the price is “worth it.” ...


It's Official: Nomura Is First Bank To Call For 2022 Recession

... in early April - Deutsche Bank shocked Wall Street when it became the first bank to break with the mold of "cautious optimists" when it made a US recession its base case  (agreeing with our dire assessment from late 2021 that a recession was inevitable, if disagreeing with our timeline which put the recession smack in the middle of the second half of 2022, followed by more QE). Well,, since then things have only gone from bad to worse for the US economy

... late on Sunday, Nomura became only the second bank to join DB in calling for a recession as its base case, and also became the first bank expecting this outcome to hit some time in the second half (unlike DB's generously delayed forecast of a "late 2023" recession).

... Relative to previous downturns, Nomura believes that the significant strength of consumer balance sheets and excess savings should mitigate the speed of the initial contraction. However, policymakers’ hands are tied by persistently high inflation, limiting any initial support from monetary or fiscal stimulus.





Stoller: On Inflation: It's the Monopoly Profits, Stupid
A raft of studies have come out showing that this inflationary episode is being driven by the supply side. Policymakers are responding.

With Fed Chair Jay Powell testifying today and tomorrow in Congress about inflation, I figured it’s time to revisit the reasons that prices are increasing. As the debate moves onward, economists are starting to look into market power as a causal factor, and some policymakers are beginning to regulate markets as a solution. It’s not quite enough to fix the very serious problems we’re facing, but we’re beginning to see an outline of what a new model of economic management might look like.

... The problem, however, is that in this highly inflationary period, real wages are actually going down, falling by 3.5% over the last 12 months. If that’s true, then there can’t be a wage-price spiral. So what is going up?

Well, profits. ...

... But the profit contribution to inflation is too obvious to deny. ...


  • There is a reason we do not have enough baby milk, Siracha sauce, peanut butter or German Beer.
  • There is a reason our railways in the West are so antiquated while those in China are so swish.  
  • There is a reason that energy prices are so high.
  • There is a reason why your washing machine no longer lasts 20 years.
  • There is a reason why President Putin wanted to hoard Ukrainian wheat and deprive the world from getting it.
It’s one reason. It is because we decided, in the West, to only invest in software/SAAS (Software as a Service) or in keeping share prices rising. It is because we avoided investing in anything real. It’s time to get real about this trend. The primary driver of this trend has been pure greed. ...


Every: It's A Depressing Idea To Admit We Have No Ideas

... one can ask if a 2% CPI inflation target and ‘anchoring expectations’ were the real drivers of recent central-bank success, or if it was actually decades of globalisation and neoliberal financialization. Surely the current inflation dynamic underlines central banks inability to predict it, control it, or control it without the side effects that have historically prevented such actions happening?

.............The point is that there are no good answers as to where we go from here. Not from central banks. They are in the backseat, unless the Fed jumps into the driver’s seat to deliberately crash us into a wall to avoid the car going off a cliff. Not from governments, who are also befuddled by global regime change and have no ideological “-ism” to explain what they should be doing. I still believe this implies a stop-start retreat back towards global mercantilism and great power struggles, or to rival, overlapping blocs; but perhaps Wolf has the answers for us; or anarchy in the UK will reign.

It’s a depressing idea to admit we have no ideas, and hence markets have no idea what inflation will be. However, it’s clearly not a good idea to be taking the smallest-minded of market views and cheering stocks rising as bond yields and oil do too.



For me, hearing supposed “experts” talk about what’s now happening in the markets and economy is like listening to nails scratch against a chalkboard because they are typically saying incorrect things in an erudite rather than commonsense way. ....

I now hear it commonly said that inflation is the big problem so the Fed needs to tighten to fight inflation, which will make things good again once it gets inflation under control. I believe this is both naïve and inconsistent with how the economic machine works. That’s because that view only focuses on inflation as the problem and it sees Fed tightening as a low-cost action that will make things better when inflation goes away, but it’s not like that. The facts are that: 1) prices rise when the amount of spending increases by more than the quantities of goods and services sold increase and 2) the way central banks fight inflation is by taking money and credit away from people and companies to reduce their spending. They also take buying power away by raising interest rates, which increases the amount of money that has to go toward paying interest and decreases the amount of money that goes toward spending. Raising interest rates also lowers spending because it lowers the value of investment assets because of the “present value effect” (which I won’t get into because it would be too much of a digression), which further lowers buying power. My main point is that while tightening reduces inflation because it results in people spending less, it doesn’t make things better because it takes buying power away. It just shifts some of the squeezing of people via inflation to squeezing them via giving them less buying power. 

The only way to raise living standards over the long term is to raise productivity and central banks don’t do that. 

So, what do central banks do?

.......... That is what we have been experiencing. It’s why debts have been increasing relative to incomes at the same time as each cyclical rise and each cyclical decline in interest rates since 1980 has been lower than the one before it until interest rates hit 0%, and since then each central bank printing and buying of debt has been greater than the one before it up until now.



Commercial real estate may be on the brink, but nobody is ready to panic just yet.

The aftershocks of the idea of a coming recession continue to make their way through every industry. We have reported about numerous companies - including Netflix, Tesla, Wells Fargo, Cameo, Pelton and many more - who have all already implemented layoffs as a result of the slow economic climate.


Inflation Is Dominating Headlines, But Deflation Is What Investors Should Fear

Overall, Pomboy sees the private sector as extremely fragile, especially now that the labor market is no longer the Fed’s primary concern. She recalls the 2008 financial crisis, when market pundits were having a bit of an inflation scare as well. At the time, inflation peaked in July ‘08 at 5.6% YoY. Exactly one year later, inflation had morphed into deflation, coming in at -2.1%.

Pomboy warns that with an economy this fragile, we may be facing a brutal deflationary contraction just as inflation fears have reached peak hysteria. Listen to her full interview here...



Vids of the Week:






Quotes of the Week:

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Charts: 
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Bubble Fare:




(not just) for the ESG crowd:

The Perfect Storm In Oil Caught Markets Off Guard

Two years ago, at the height of the pandemic, BP wrote in its annual Energy Outlook that global oil demand had peaked at around 100 million bpd in 2019, and it was only going to go down from then on because of the effects of the pandemic and the accelerated energy transition. Just two years later, BP is admitting it may have underestimated the world’s thirst for oil, although it heroically stuck to its long-term forecast that the electrification of transport will eventually usher in the era of peak oil demand.





Endemic Fare:


Compared to non-infected controls, assessment of the cumulative risks of repeated infection showed that the risk and burden increased in a graded fashion according to the number of infections. The constellation of findings show that reinfection adds non-trivial risks of all-cause mortality, hospitalization, and adverse health outcomes in the acute and post-acute phase of the reinfection.



Other Fare:







Contrarian Perspectives

Extra [i.e. Controversial] Fare:

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


Regular [Life as it is] Fare:

Astore: Death and Violence in America

It’s staggering the number of people dying in America in ways that are preventable. Here’s a quick summary .....

When you start adding these numbers, you reach a grim conclusion: Americans are killing themselves and others at record rates. ...

Is it any wonder why the U.S. government embraces violence with such zeal? If you can’t care for your own people, why should you care at all for other peoples, such as in Yemen or Ukraine? What matters is profit from selling weapons, whether in the U.S., awash in assault rifles and other guns, or overseas with massive arms sales or shipments to Saudi Arabia and Ukraine, among others.

Violence or the threat of violence can be enormously profitable to those who deal in it. ...



Unsustainability / Climate Fare:

Our Economy In a Nutshell
The economy has reached an inflection point where everything that is unsustainable finally starts unraveling.

....  The economy has reached an inflection point where everything that is unsustainable finally starts unraveling. Each of these systems is dependent on all the other systems (what we call a tightly bound system), so when one critical system unravels, the crisis quickly spreads to the entire economic system: one domino falling knocks down all the dominoes snaking through the global economy.

Those who understand how tightly interconnected, unsustainable systems are basically designed to unravel can prepare themselves by becoming antifragile: flexible, adaptable and open to the opportunities that arise when things are disorderly and unpredictable.​  (Easily said.)


Murphy: Shedding our Fossil Fuel Suit

.... one thing we know for certain about fossil fuels is that they are a finite resource on this planet—slowly developed in select locations over hundreds of millions of years and being used about a million times faster than the rate of production. We know that we have already consumed a sizable fraction of the initial inheritance: perhaps now halfway through the irreplaceable allotment of oil. So we know that this phase of the human adventure is a temporary one.

............. Aren’t We Special?

People tend to prefer the narrative that we, ourselves, are the superheros, and that our superpowers are not from the fossil fuel suit, but are cognitive in nature. Yet we have the same neural hardware (if not slightly downsized) as our prehistoric ancestors. The main cognitive revolution happened about 70,000 years ago when humans started to believe in things that do not exist (like spirits or potential future gains) that allowed large-scale coordination and shared identity to outcompete evolution’s more biophysical tricks of sharp teeth/claws, speed, strength, camouflage, poison, or overwhelming numbers. Global spread of homo sapiens and megafauna extinctions quickly followed, and it is at this point that the human experiment began to smolder: something was off. About 10,000 years ago, agriculture started and the fist visible flame ignited. About 300–400 years ago, the Enlightenment lit a fuse by developing a scientific approach to understanding the world. It was not long before the fuse found fossil fuels and we now witness the predictable explosion that ensued. The explosion is breathtakingly rapid on any meaningful timeline, only appearing in slow motion to the few generations experiencing the phenomenon and thus seeming “normal.”

So we can trace some part of our current planetary dominance to human ingenuity, but perhaps the lion’s share actually is attributable to the energy bonanza ......


The life and times of Stewart Brand.

Stewart Brand is not a scientist. He’s not an artist, an engineer, or a programmer. Nor is he much of a writer or editor, though as the creator of the Whole Earth Catalog, that’s what he’s best known for. Brand, 83, is a huckster—one of the great hucksters in a time and place full of them

.... If, in the historical light of 2022, it were possible to make Stewart Brand look good, I’m sure Markoff would have managed it, which makes it all the more remarkable that he does not.



Endemic 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; Marc Girardot; plus Walter Chesnut (on twitter); new additions: Sheldon Yakiwchuk and Aaron Kheriarty; 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




What a coincidence that FDA approved a sketchy monkeypox vaccine in 2019.
  • Doesn't anyone else think it odd that this virus just happens to be susceptible (so they claim) to a vaccine that the US Government has stockpiled?
  • Doesn't anyone else think it is odd that the FDA approved (licensed) a vaccine for moneypox named Jynneos in 2019, when there had only been about 50 human cases diagnosed in the US, cumulatively, during the past 60 years?  
  • Why license a vaccine for a rare disease that almost nobody dies from?  
  • Why license the vaccine for moneypox when it was never tested to see if it prevented moneypox in humans?  

the trick, it would appear, is to ignore your own guidelines and never even look for it

what’s worse than not having a helmet when playing football? 

thinking you have one when you don’t. 

it’s the worst of all worlds: the illusion of safety where there is none. you are trusting in protection that does not exist.

... THIS is a dazzling story and a great find using FOIA to force the CDC to disclose its process. if cats wore hats, i would doff mine to josh. this is even more stunning than when the CDC admitted (also under FOIA) that they did not have a single RCT supporting mask use to stop covid.

... what a complete and total fail and abrogation of duty and diligence.



...... Masking: It may surprise many of you, but I was one of the first people to wear masks in public spaces during the pandemic and in April of 2020, I supplied PPE to colleagues who had previously made fun of me for masking when their supply ran out.  I also abandoned wearing masks a few months later (excluding while working with patients who had Covid).  My rationale was that I did not want to mask and I was fundamentally not willing to permanently alter my life to the degree that would be required to prevent ever getting Covid, but based on the early reports from oversees, I viewed the virus as being exceedingly dangerous and wanted to minimize my risk of getting until I felt confident treating it (which took a few months to figure out).

The fundamental issue with the masking policies were:
  • Regular masking has some use in reducing droplet spread but is useless for reducing aerosol spread.
  • Once it was discovered the virus aerosolized, these recommendations were never revised-rather the advocates doubled down for double masking and to my great surprise, some eventually tripled down.
  • N95 masks do to some extent reduce aerosol spread, but without a complex program to overhaul America’s industrial manufacturing infrastructure, there was no realistic way to provide the number needed for the population. This is a large part of why we received so many mixed messages on masking. What truly amazed me was seeing the WHO give a public presentation at the start of the pandemic stating their priority would be to preserve PPE for healthcare workers, and then within a few days watch leaders around the world including Fauci suddenly state there is no reason whatsoever to wear masks.
  • There are a variety of significant physical and psychological harms that arose from masking.  Overall, the most problematic issue I’ve identified came from researchers who had monitored children for years identifying a drop from 100 to 78 in the average IQ of children born during the pandemic (which was most likely due to social isolation and facial expressions concealed through masking).
..... Even though the droplet spreading myth has been thoroughly debunked, most of the public health apparatus has been unwilling to let this pseudoscientific dogma go, and as a result both masking and socially distancing are still continually recommended by these authorities. 

..... Vaccinations: Initially, relentless promotion of Flu shots to prevent COVID-19 was a cornerstone of the pandemic response (despite influenza vaccinations increasing rather than decreasing your risk of a severe illness from COVID-19).  Before long it became clear every part with the pandemic response would arrive at advocating for mass Covid vaccination.  The problem was that, as detailed in this article, it was known from the start mass vaccination could not address the pandemic and would likely only serve to make it worse.

However despite this nonsensical approach being at odds with reality, the entire social apparatus got behind it and we witnessed the most aggressive propaganda campaign in history (detailed here).  “Ending the pandemic” or “saving lives” was reframed in the minds of many well-intentioned people as doing everything they could to manipulate their fellow Americans into getting vaccinated.  If you think back to the entire vaccination rollout process, it is also noteworthy of how many compliance campaigns were woven into it.

Like many of you, I avoided the vaccinations because I was relatively sure they would quite dangerous (although I never imagined just how dangerous they would prove to be).  As I was comfortable treating COVID by the time of the rollout, I also felt there was no need for me to vaccinate.
........


Who would have thunk.

As they say, the difference between a conspiracy theory and reality is a few months to a few of years. ...

..... We are in good hands. All is normal. Just a little Fourth Industrial Revolution here and there.

Jeez. We are ruled by the people who are not qualified to lead anyone anywhere because they are cray-cray, predatory, and don’t seem to relate to the rest of the human species.

But please keep mocking the open-minded conspiracy theorists. They are obviously the ones who don’t know what they are talking about, and could not have known this, and it’s all just a coincidence and “new data” “taken out of context.”


Why are they not informing the public?


Tweets & Quotes of the Week:

re: follow the science; their science? or THE science; or is that the SCIENCE?
well, here's some SCIENCE
el gato malo: THIS PAPER has a real whom’s whom (far more proper than a who’s who doncha know) in its authorship. these are top folks. sander greenland wrote more than a few of the widely used epidemiology textbooks. this one will get much harder for those convinced of credentialism as the wellspring of all credibility to ignore. and won’t that be fun?

Jones: A new paper by BMJ Editor Dr. Peter Doshi and colleagues has analysed data from the Pfizer and Moderna Covid vaccine trials and found that the vaccines are more likely to put you in hospital with a serious adverse event than keep you out by protecting you from Covid.

eugyppius: The CDC are very clear that they only want to help you make informed choices. They’d never dream of telling you not to have gay sex, which is a core rite of western representative democracy that can never be suspended for any epidemiological reason whatsoever. In this, gay sex is much different from childhood education, everyday social interactions, economic and business activities, peaceable assembly, worship services, walks outside, and dying in the company of friends and family, which are frivolous luxuries up for repeal every flu season.

Yakk: And it really adds more questions than provides answers, but one thing is abundantly clear…they full well knew what the vaccines were doing to people and not only have they been lying about this information, they’ve been covering it up.




Anecdotal Fare:



I'm going to have to start collecting all these deaths in a single article and publish it once a month to create a public record of just how bad the problem is.


The term means someone didn't kill him and it wasn't an accident. It is common since the jabs rolled out for young people to die unexpectedly like this. It is only happening to the vaccinated...




Pushback Fare:

We Must Never Forget

... And we shouldn‘t forget there are huge interests at stake here, to certain very big business sectors, lockdowns are a godsend; human interaction is a threat to them. The censorship will be ramped up even further. But despite all the power, money and technology, the facts will emerge, the truth will prevail in the end. It always does. Some might say I‘m too optimistic, that we are already under the control of conspiring media, big-tech and corrupt officials, with no way out. But is it really so?

... What really matters is how we react as the narrative crumbles. Will we just shrug and move on with our daily lives, not caring about the threat to our freedom and humanity? Or will we face the consequences of our failure to think critically, of our gullibility, our lack of moral integrity



COVID Corporatocracy / Idiocracy / Conspiracy Fare:

Hopkins: The Federal Republic of New Normal Germany

So, the government of New Normal Germany is contemplating forcing everyone to wear medical-looking masks in public from October to Easter on a permanent basis. Seriously, the fanatical New Normal fascists currently in charge of Germany’s government — mostly the SPD and the Greens — are discussing revising the “Infection Protection Act” in order to grant themselves the authority to continue to rule the country by decree, as they have been doing since the Autumn of 2020, thus instituting a “permanent state of emergency” that overrides the German constitution, indefinitely.

Go ahead, read that paragraph again. Take a break from the carnage in non-Nazi Ukraine, the show trials in the US congress, monkeypoxmania, Sudden Adult Death Syndrome, Sudden Bovine Death Syndrome, family-oriented drag queens, non-“vaccine”-related facial paralysis, and Biden falling off his bike, and reflect on what this possibly portends, the dominant country of the European Union dispensing with any semblance of democracy and transforming into a fascist biosecurity police state.

.... If not opposed and stopped here in Germany, it will spread to other European countries, and to Canada, and Australia, and the New Normal US states. If you think what happens in Germany doesn’t matter because you live in Florida, or in Sweden, or the UK, you haven’t been paying attention recently. The roll-out of the New Normal is a global project … a multi-phase, multi-faceted project. Germany is just the current “tip of the spear.”

Sadly, the majority of the German masses will mindlessly click heels and follow orders, as they have since the Spring of 2020. They’re all enjoying a “summer break” at the moment, but come October they will don their masks, start segregating and persecuting “the Unvaccinated,” and otherwise behaving like fascists again.



Back to Non-Pandemic Fare:

GeoPolitical Fare:

Soldo: Delusion
The US Government's Commission on Security and Cooperation in Europe (CSCE) holds a briefing on the "moral and strategic" necessity of partitioning Russia

... In short: it’s another of the zillions of committees run and financed by the US Government. The US Government held a panel earlier today on the “need” to partition Russia. Let that sink in for a bit.

This panel is being led by four women and one man, all of whom have cycled through the NGO Regime Change Complex ...

These are your typical “swamp creatures” who profit off of the misery of those targeted by the USA for regime change. ...

What is notable about this panel is the shift from “spreading freedom and democracy” to the need to “decolonize” Russia. ...

These neo-conservatives have managed to once again grasp the steering wheel of policy, and in tandem with liberal interventionists are happily driving the West into open conflict with Russia by escalating their support for Ukraine and by trying to bait Russia into an overreaction, such as pushing Lithuania to to stop the passage of goods from Russia Proper into the Kaliningrad Oblast. Their matron is Vicki “Fuck the EU” Nuland, the woman in charge of Russia policy who has effortlessly glided through White House Administrations whether they be D or R.

At the beginning of this war, the stated US objective was to degrade Russian forces as much as possible in the theatre of conflict. High on their own propaganda supply after the first few weeks of the war, the tone shifted to regime change in Moscow (the most sought-after goal in the US State Department). After all, Russia needs democracy, and Russians need to be freed of Dictator Putin so that they can enjoy its fruits like the rest of the Free World aka countries that the USA likes.

Today’s panel is a further step forward in that it tells ordinary Russians that even regime change and democracy is not good enough for them. They require the partition of their country into smaller (more easily controlled) polities, so that they can be free. Needless to say, this is a propaganda coup for Putin and the Kremlin as it allows them to paint the conflict in Ukraine as an existential fight. ...

My readers know full well that western reporting on the war in Ukraine was so propagandistic as to render it useless, until very recently. The actual situation on the ground simply became too obvious to continue the push to claim that the Ukrainians were on the verge of victory over Russia. This is what makes a USGov panel on partitioning Russia delusional. Who exactly is this for, other than to convince themselves and to justify their own employment?

In my recent piece “Hubris”, I explained just how dangerous a course has been set by the USA in choosing to take on Russia AND China at the same time, pushing these two states together in an existential alliance.

In “Incompetence”, we took a look at how the sanctions regime against Russia has boomeranged against the USA and EU (and is damaging other places such as Africa), without snuffing out the Russian economy, the actual objective of these sanctions.

We can now safely add delusion to hubris and incompetence when describing US foreign policy today.



CaitOz Fare:

People Don’t Think Hard Enough About What Nuclear War Is And What It Would Mean

...... This is why the media have been acting so strange in recent years. Agendas are being rolled out which no sane person would consent to if they fully understood them, so their consent needs to be manufactured with massive amounts of propaganda. It’s also why internet censorship has taken a high priority during that same period of time: can’t have people using their newfound information-sharing capability to interfere in the narrative manipulations of the empire.

We’re being sedated into a propaganda-induced coma while immensely powerful people play profoundly dangerous games with our lives. It is in our interest to find a way to awaken as soon as possible.


Other Quotes of the Week:

Welsh: I’ve said in the past that if Russia attacks Lithuania, I feel we should go to war. 
But the analogy right now is someone who is too weak to fight poking someone dangerous because they have friends who can fight. Are we really willing to risk WWIII and nuclear armageddon so that Lithuania or the EU can provoke Russia?





Long Reads / Big Thoughts:


During a May 2022 interview, World Economic Forum Guru of the Great Reset Yuval Noah Harari shared his dystopic view of humanity’s next phase of evolution. In his assessment, the primary problem for the governing elite managing the world will not be solving war, or hunger, but rather managing the emergent “new global useless class”.

In his remarks Harari prophesied the oncoming post-revolutionary age caused by “technological progress” saying:

“I think the biggest question in maybe in economics and politics of the coming decades will be what to do with all these useless people? The problem is more boredom and how what to do with them and how will they find some sense of meaning in life, when they are basically meaningless, worthless? My best guess, at present is a combination of drugs and computer games as a solution for [most]. It’s already happening…I think once you’re superfluous, you don’t have power.”

The reflections of Klaus Schwab’s misanthropic advisor are unfortunately opinions that have moved from the fringe of dystopic science fiction novels a few decades ago, into the mainstream zeitgeist of the 21st century. In our confused day and age, ‘expert’ transhumanists like Harari have promoted the view that technological growth itself causes “useless eaters”, rather than the toleration of the parasitic oligarchical class which was once better understood to be at the center of humanity’s ills, generations ago.

Where technological progress was once understood to be a liberating process that brought the fruits of mental labor (aka: science and technology) to the service of the humanity’s needs with the effect of liberating humankind from living like beasts on a lord’s plantation, transhumanists have turned the philosophy of technological progress inside out.



[Not] Satirical Fare:

New Video Surfaces Revealing the Disturbing Reason Biden Actually Crashed His Bike



Pics of the Week:



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