The Great COVID-19 Vaccine Bribe

  How do you create an artificial pandemic when you don't really have one?

  How about bribing doctors to vaccinate as explained below or bribing hospital to test dead people whatever the cause of death, and count as Covid death whoever test positive while offering "compensations" for Covid patients?

  All these techniques were extensively used and abused to manufacture a pandemic out of a flu spike which was no more exceptional than what happens every decade or two on average. A job well planned and executed at the highest level.

Authored by John Leake and Dr. Peter A. McCullough, MD via Courageous Discourse (emphasis ours),

Many readers of this Substack have doubtless wondered why their “health care providers”—i.e., doctors, repeatedly exhorted them to get the COVID-19 vaccines and boosters. In my extended social circle, I heard many reports of doctors being downright pushy about it—as though getting the COVID-19 vaccine was the single most pressing matter of medicine and health.

(Steve Heap/Shutterstock)

Even patients who’d recently recovered from COVID-19 were urged by their doctors to get the shots, as were patients who had bad reactions to the first injection.

For a long time, Dr. McCullough and I wondered if these doctors really were that brainwashed, or was there some other explanation for their zeal?

A few days ago, fellow Substack author, Tessa Lena (Tessa Fights Robots) published this document that was apparently circulated to doctors with patients insured by Anthem Blue Cross and Blue Shield Medicaid in the state of Kentucky.

The document raises a number of intriguing questions. I wonder: How many members might be registered in a given practice—that is, how many of those $125 bonuses per vaccinated member could a busy and efficient doctor with a good support staff receive?

Secondly, how many of these “COVID-19 Vaccine Provider Incentive Programs” were operating in the United States during 2021?

As we awakened souls try to figure out what’s going on in our bizarre world, it’s always useful to follow the money. It almost always leads to the explanation for any strange state of affairs that puzzles us.

A Message from the Lost Generation

 A very interesting and representative comment received by martin Armstrong.

Guest Post by Martin Armstrong

COMMENT: I am a Millennial, a demographic that never had an opportunity to succeed in America. The existential trauma began in middle school when our teachers huddled us into a room to watch the Twin Towers burn down in real time. We do not remember life before the Patriot Act or school shooter drills. The war in the Middle East progressed over the years, and I attended the funerals of former classmates who died in Afghanistan and Iraq. The military seemed like a valid alternative considering the once-in-a-lifetime economic collapse.

The Great Recession hit when we were in college, but most of us did not fully grasp what was happening. Many families suffered immensely, and some in the middle class experienced poverty for the first time, which instilled a permanent sense of scarcity. We piled on student debt for a degree that was nothing more than an expensive piece of paper. There were no jobs available once we graduated. We accepted what we could for pennies on the dollar as they fired the more experienced employees, our parents’ peers.

This caused older generations to have misplaced anger toward Millennials. They called us lazy and shouted how we could have a better life if we stopped buying Starbucks or avocado toast. No one realized that we were experiencing a different economic reality.

The pandemic hit once we settled into our careers after clawing up the corporate ladder. Another once-in-a-lifetime financial crash. We stayed in our apartments while the government sent insulting stimulus checks and businesses closed. Uncertainty and economic volatility engulfed our collective experience. Those who missed their chance to buy a home when prices were digestible are stuck as perpetual renters, as most of our income goes toward rent. We cannot save for an increasingly uncertain future due to shelter costs and overall inflation.

There is no financial nest egg for those not born into wealth. We have never felt financially secure. Our parents were established by the time they reached our age but we are the first generation to experience a lower quality of life than the last. People question why my generation is not having children or starting families. We can hardly support ourselves even with decent jobs. We are accustomed to these once-in-a-lifetime tragedies happening every few years. The future looks bleak and we expect the rug to be pulled out from us again. As you say, it is a matter of time.

Thank you for speaking out against the people who contributed to these events and providing guidance for the future. I do not want the war in Ukraine to spark another economic tragedy, as we are barely hanging on. We were fed a lie that you could work hard and succeed but life is far different for us than what we were promised. I feel more prepared for the upcoming downturn after reading your work and seeing that everything has a cycle. There are no once-in-a-lifetime events.

What If The Dollar Falls?

  There used to be subjects which would get you killed just for entertaining the idea such as using an alternative currency for trading oil. Ask Saddam Hussein or Muammar Gaddafi who both paid dearly for the offense. Not anymore. Russia and China are both expending their non dollar trade. Saudi Arabia is open to trading oil in Chinese Yuan. Brazil announced yesterday that they would follow suit. Total, the French oil company just experimented with an initial transaction last week. Now that the floodgates are open, the risk of a rush out of the dollar is real. It won't happen in a day but the momentum is on...   

 This as Nixon would have said 50 years ago is the 'real' war. Or as Xi Jinping mentioned more diplomatically recently, 'change' which has not happened in 100 years! Get ready, Ukraine and Taiwan were just the appetizers. Now, the show is about to begin!

Authored by Peter St.Onge via The Mises Institute,

The past few weeks, major countries have been moving away from the US dollar, raising doubts about the dollar’s long-dominant role in the world. Eight weeks ago, it was just pariah nations like Iran or Russia trying to de-dollarize. Now it’s Brazil, France, even Saudi Arabia—the lynchpin of the decades-long “petrodollar” arrangement.

If the dollar does lose its position as the global reserve currency, it will be catastrophic for the American economy. Catastrophic for the American people on whose backs 80 years of reserve status were built. And it will subject billions of foreigners, for whom the dollar has meant decades of being bullied, to history’s greatest bait and switch.

Dollar at Risk

In late March, Saudi Arabia announced it will price oil in Chinese yuan. Even CNN was worried, in a rare display of situational awareness, while Fox fretted about “Weimar”—hyperinflation.

The dollar has been the undisputed global reserve currency since the 1940s. Reserve currency status looks great on paper: You get to print stacks of green paper and foreigners give you cool stuff for it, like toasters, luxury cars, and copper mines. The problem is who profits—who gets paid when foreigners crave the green paper?

Unfortunately, it’s not the American people; it’s whomever’s printing money: The Fed, meaning the Treasury, to whom they hand their ill-gotten profits, and—you guessed it—Wall Street. Commercial banks.

To see why, imagine foreigners didn’t want dollars. The Fed and banks could only print a little bit since printing a lot would create inflation, and voters would toss them out.

But if foreigners want a large number of dollars, the Fed and banks can print a matching amount. It’s like a river flowing into the money supply reservoir, matched up with a river flowing out to foreigners. The reservoir stays stable, and voters don’t riot.

But notice where the profits went. That river to foreigners didn’t go to we the dollar-holders—we are the reservoir; we are unchanged. The profits went right through us to the source of the river: the US Treasury and Wall Street.

So, like the rest of our crony financial system, it’s a hustle. The American people think they’re benefitting from reserve status, but the profits were sucked out and handed to the people who designed the institutional fleecing we call a financial system.

Enter Weimar

Now, here’s the problem. What if foreigners suddenly don’t want dollars?

Maybe China’s paying them to sell oil in yuan, or maybe the Fed lost the plot and creates too much inflation.

Demand dries up, the dollar starts to lose value, and foreigners start worry their life savings and corporate treasuries are melting. They sell out of the dollar. A little at first, more and more if it accelerates.

Now that river to foreigners reverses, it flows back into the reservoir. The dollar collapses. 70 years of Fed and Wall Street money printing comes rushing back like a tsunami running up a canyon. We’re talking double-digital inflation, over multiple years, at a minimum.

If they screw this up, reserve currency status could turn out to be a trap, an absolute catastrophe for the American people.

What Are the Stages of De-dollarization?

So what happens if the dollar falls?

For starters, foreigners don’t need as many dollars. Meaning there are extra dollars nobody wants. This makes the price of the dollar fall—it gets weaker.

It’s usually slow at first, then picks up speed if it keeps going, a progressive rush for the exits. This is because the first ones out only lose a little bit, but the longer they waited, the more they’ll lose.

Who’s left holding the bag as the dollar becomes increasingly worthless? Easy: Americans. The only people on earth who are actually obligated to use the US dollar, thanks to an obscure law passed in 1862 as a wartime emergency that nevertheless managed to stick around for 151 years.

So Americans have no choice: unless you swapped your dollars for gold, or Bitcoin, or goats, you go down with the ship.

What happens to those Americans? A falling dollar drives up the price of everything that comes into America. But it also drives up the price of anything traded on world markets. Meaning the raw materials and imported components that drive American factories and sustain American consumers.

The first to jump would be gasoline, heating fuel, and food prices—all of those are world markets. Along with prescription medicines since China has a creeping stranglehold thanks to our idiotic over-regulation—indeed, this is more or less true for every consumer product that China dominates: we shot ourselves in the foot, and now it’s coming back to bite us.

Next, those expensive commodities and input prices pour out through the supply chain. Yanking prices up in industry after industry—cars, construction materials like steel or concrete, clothes, furniture, TVs, computers, and medical devices.

Gone are the days of affordable luxuries—now you gotta work for them.

The Main Event: Capital Flows

And that’s when the main event begins: capital flows.

If foreigners get nervous, they sell not only dollars, they sell assets denominated in dollars. Starting with the most liquid: stocks, bonds, and treasuries. These are easy to trade—IBM stock is easier to sell than a Taiwanese factory in Wisconsin—so they go first.

About 40% of American stocks are owned by foreigners and about one-third of corporate bonds. If foreigners start fleeing, both plunge. This could cut your 401k almost in half, and it could drive up borrowing costs for companies to impossible levels.

Leading to mass bankruptcies on top of the wave of bankruptcies the Fed’s already engineering to try and stop the inflation it started.

It doesn’t stop there: one-third of US treasuries are owned by foreigners—over $8 trillion in bonds. If foreigners start dumping those, it will either send US government debt service soaring by potentially hundreds of billions of dollars a year. Or, much more likely, it forces the Fed to step in and buy up all that foreign demand, flooding yet more trillions into the economy.

This would flip inflation overnight marching back towards double-digits.

Conclusion

There are ways to stop this. But given the Washington clown show to raise the debt ceiling yet again, paired with their obsession with sanctions that scare foreign countries off the dollar, Washington isn’t remotely close to the serious thinking it will take to right this ship.

Losing reserve currency status would savage the American economy, and it would savage the American people. No country needs reserve currency status—after all, it doesn’t benefit the people. But, like climbing a cliffside with no gear, once you go halfway, you better not let go.

[A version of this article first appeared on Peter St. Onge's substack.]

"There Is No Fix" - Rubino Warns Global Monetary Experiment Ends In "Bloodbath"

  It is not very hard now to understand that we are quickly heading towards uncharted territory. The end of the current fiduciary monetary experiment is but one of the elements. East West tensions and the restructuring of the global supply chain are two other major developments which will soon add to the conundrum.

Via Greg Hunter’s USAWatchdog.com ,

Analyst and financial writer John Rubino said in February, “We are in a debt and death spiral” that will force dramatic changes on the world. 

It was a direct hit because in March, Silicon Valley Bank (SVB) tanked, and the FDIC and the U.S. Treasury were forced to basically back-stop the entire banking system.  The financial problems are far from over as Rubino explains,

“Basically, interest rates have been artificially low for a decade...

In that time, crazy numbers of office buildings went up and were financed at really low rates... Now, office vacancy rates are spiking, which means office building are not profitable anymore.  The debts they have at 2% to 3% now have to be rolled over at 5%, 6% or 7%.  This means an already unprofitable office building is going to be even more unprofitable because of rising interest rates. Now, they want to sell this office space, and the price cuts that have to be done to get a deal done is 30% to 50%... Some are down by 80%...

Local and regional banks already had their troubles last month but are going to have bigger troubles when all these building turn out to be not worth nearly as much as we thought they were.  This paper is in pension funds... they are going to go into crisis. 

So, real estate is liable to be the catalyst in crisis in several other sectors... The government is going to have to let it burn and have a 1930’s style depression, or bail out everybody in sight... at the cost of rising inflation and the dollar tanking.”

Rubino says, “There is no fix..."

"There is no way to refill these buildings.  There is no way to refinance them without going bankrupt...

Sometime this year we are going to drop back into negative growth, and it’s going to be a bloodbath.  There is no solution, and these guys see it coming and they have no idea what to do about it...

This is the sector we want to watch and will be the catalyst for the next big crisis...

The next bailout crates a lot of new dollars, and that pushes down the dollar, and then, we are in the death spiral where there is no fix.  That is out there waiting to happen, a bailout so huge that it terrifies holders of the currency and Treasury bonds. 

Then it’s game over... This is just a question of when people figure this out.  That really is our situation right now.”

In closing, Rubino says,

“This is a much bigger story than what happens to the dollar as the reserve currency.  This is the end of a global monetary experiment that is going to go out with a very fiery end.  This is not going to be fun to watch.”

Rubino advises people to get tangible assets such as food, water, tools, gold, silver, a car title and a garden, to name a few.  Rubino says, “We all should be preppers now.”

Is GPT-4 intelligent? (Sparks of AGI: early experiments with GPT-4) - (Video - 48')

 Is GPT-4 intelligent? If you can overcome the terrible accent of the presenter (quite similar to mine unfortunately!), the answer seems to be yes! 

 Worse, even if you decide arbitrarily that it is not 'yes' because it doesn't meet some of the elements of intelligence, such as planning for example,, the answer is still 'yes' down the road because the potential improvements to the system are enough to solve any current problem.

 I agree that this conclusion is correct and that consequently GPT-4 and its descendants represent a real danger. Worse again, the descendants are not GPT-5 but just some add-on links to tools which magically improve it to reach perfection. And here, we are not talking about the future but the present! 

 More than a moratorium on AI research, what we need is some very deep thinking about AI, what we want to achieve and the risks. But is our society capable of this or is it beyond our ability as Eliezer Yudkowsky believes?

 

Big Tech Calling For A Pause On AI Sounds A Lot Like Central Banks Shrieking About Bitcoin

  This is an interesting article because in a typical Schrodinger way, I both agree and disagree. 

 Yes, big tech calling for a pause on AI development is self serving. This is unavoidable. But it doesn't make the concern unfounded. It is in fact quite legitimate although unfortunately much too late and unlikely to bring any respite. 

 The problem is that we now have extremely performant tools to develop AI that give powerful results although we do not exactly understand what is going on inside the black boxes. The consequence is that AI is advancing by leaps and bounds while our understanding of it is crawling far behind without any hope to catch up anytime soon. 

 (If you really want to understand why we cannot get the "alignment" right, you can listen to the very interesting interview of Eliezer Yudkowsky below. Although be warned that there are two drawbacks to this video: It is too long at over 3h and the interviewer is not cognizant of the subject and consequently has difficulty to grasp the technical concepts being explained.)

Authored by Mark Jeftovic via BombThrower.com,

Disruption for thee, but not for me…

For years, central banks have been sounding the alarm on Bitcoin and cryptocurrencies, fear mongering on the threats that they posed to the financial system, the global climate – at one point predicting that Bitcoin’s electricity demand would literally consume all available energy in the world by 2020 .

(Fact check: it didn’t)

Nevermind that under the stewardship of the central banks, the financial system has lurched from one crisis to the next for decades on end, every one an order of magnitude worse than the prior.

The policy response to each crisis (expand credit, suppress interest rates, print money) simply incentivized moral hazard, perverse incentives, and an ever widening wealth gap – while providing the setup for the next crisis. With this unbroken string of failures under their belts, it’s always rich to listen to these insular technocrats, who have zero skin in the game, pontificating about the meltdowns they created. Especially when they get worked up around hazards of a phenomenon that has since emerged to obsolete them.

Now it’s Big Tech’s turn:

Warning us about the existential “risks to society” of AI and calling for a time-out. The very people who have benefitted the most from exploiting disruptive technology, regardless of the collateral damage, and in the process became literally the wealthiest people in history, now look at AI in the hands of the rabble, and there’s a flag on the play.

When these tech oligarchs blow out entire industries and replace them with quasi-monopolies in which they’re majority shareholders, it’s just creative destruction. #LearnToCode, baby.

But if a total game changer suddenly finds its way into the hands of the plebs, and the Big Tech incumbents realize it could be their turn to get their asses disrupted… by commoners at that….  then suddenly we’re looking at a crime against humanity.

The Future of Life open letter was signed by everybody from Elon (“self-driving robotaxis any minute now”) Musk, and Steve Wozniak to Yuval (“the plebs are hackable animals”) Harari and sundry other AI incumbents. 

According to their About Page,

The Future of Life Institute is an independent non-profit organisation funded by a range of individuals and organisations who share our desire to reduce global catastrophic and existential risk from powerful technologies.

And their listing in their entry in the European Transparency registry discloses that their funding:

..is about 87% provided by the Musk Foundation. Speaking of risks from powerful technologies, let’s remember that 19 people have been killed by Tesla’s in self-driving mode and another 21 when their Tesla’s exploded as a result of various crashes (out of a total known pool of 373 Tesla deaths thus far).

Who is really threatened by AI?

When I first started playing with chatGPT, I never for a second believed it was any kind of magical artificial intelligence. I’ve always called AI “Algorithmic Imitation”.

However, it is a quantum leap forward in natural language interface. I instantly recognized who was most at risk by this: the search engines, namely Google, and the entire ecosystem of made-for-Adsense “content” websites whose raison d’être is to game search algos.

Hence, Google’s panicked ham-fisted rush job on Bard, and Microsoft’s debacle trying to incorporate chatGPT (in which they are a significant shareholder) into their own Bing. (Soon I’ll be releasing a serialized collection of pieces, working title “Infernal Algorithmica”  which is a  technological grimoire  exploring the lower circles of the pay-per-click advertising model. Sign up for the list if you want that when it comes out.).

This is nothing new. This is the same dynamic that’s been played out with every disruptive tech innovation, ever – there are even accounts from the Decline of The Roman Empire on how the alchemist who discovered aluminum was beheaded when the Emperor suspected that this breakthrough innovation might devalue silver (the story was described by the Roman writer Petronius, circa 27AD, in his novel, Satyricon, although Pliny The Elder wrote that it could have been apocryphal).

Apocryphal or not, the tension between disruptive, rising technologies, and the elites who control the operations and markets of the incumbent ones is real and perennial.

In  “Innovation and its Enemies, Why People Resist New Technologies“, Calestous Juma writes how

“[Nearly all] debates over new technologies are framed in context of risks to moral values, human health and environmental safety. But behind these concerns often lie deeper, but unacknowledged, socioeconomic considerations”.

The face-off between the established technological order and new aspirants leads to controversies…perceptions about immediate risks and long-term distribution of benefits influence the intensity of concerns over new technologies”.

These calls for a moratorium on AI, the abolition or over-regulation of cryptos and Bitcoin and inevitable calls for technocratic control over your energy consumption and individual carbon footprint metering are all riffing on the same theme: you’re too stupid and infantile to use these technologies responsibly. Only The State can figure it out. (No wonder most governments of the world are on a mission to ban cash, privacy …and guns).

People like Musk, Harari and the ever increasingly batshit Eliezer Yudkowsky (who wants to forcefully curtail computing power to the point of advocating for the military bombardment of rogue data centers abroad) should know this.

Yudkowsky has been mentioned in these pages before. He’s the one who is convinced AI will inevitably result in the extermination of all humanity.

I had a lawyer who liked to say “You can’t suck and blow at the same time”. Either you want to ride a tide of rapid technological change to unparalleled living standards, personal wealth and privilege (but which affords everybody else those same opportunities), or not so much. You can’t do both.

 

Pity The Child

  This is a little out of the way for this blog although not completely. Childhood has always been an important variable in marketing and likewise in data science and macro economics. You cannot have balanced adults or societies without taking care of the development and education of children. This should be a priority and we are making a mess out of it. 

 The impact of the Covid lockdowns have of course been especially deep and painful for children but more generally, our recent aversion for risk and conflicts is the cause of unbalanced development which will slowly diffuse through society as explained below.   

Authored by Bruce Abramson via RealClear Wire,

About a decade ago, toddler son in tow, I found myself in a playground for the first time in 35 years. It was not what I remembered. The colors were far more vibrant. Plastic had replaced wood and metal. Sharp edges had been rounded, chains and hinges softened. Cushioned ground had replaced the asphalt. 

What struck me most, however, was that it was full of adults. It seemed that every child had a minder within arms length. I was perplexed. I knew why I was there—my son was still a bit wobbly. Many of the kids appeared to be about 6-8 years old. Why did they need minders?

I soon learned the two cardinal rules of contemporary playgrounds (or at the very least, playgrounds on Manhattan’s Upper West Side): One, your child may not get hurt. Two, your child may not hurt another child. Violate the first rule, and you’re negligent. Violate the second and you’re antisocial—borderline criminal. Also, and just for good measure, “hurt” is given the broadest possible definition to include potentially hurtful language.

The stories about fragile college snowflakes crumbling in the face of microaggressions and provocative ideas suddenly made sense. Children raised in a cocoon will demand similar protection when they begin to think of themselves as adults.

That initial shock was hardly the end of my education. I soon learned the corollary to the playground rules: Today’s children never learn to engage in disintermediated play. The natural, if often rough, society of 3-to-5 years olds never gets to form. When my son hit that age, I was stunned to have other kids approach me to report that he was being annoying. When I was a child, running to a parent was the equivalent of a 911 call. We might have approached with a message like “your kid is bleeding” or “we think he broke something,” but annoying? That was like calling the Fire Department because you couldn’t find the remote.

It became clear to me that we had destroyed childhood. While the “advances” in parenting of the past fifty years undoubtedly contained some gems, the net effect was a disaster. As with so much else in life, human instincts honed over the millennia were far superior to decades of expert advice.

Then things got really bad. Though few recognized it as such at the time, the decision to shutter much of the world in March 2020 unraveled the entire socioeconomic fabric of modern life. As anyone who has ever studied or worked with any complex system can confirm, nothing ever restarts quite as it was before a shutdown. 

American society was hardly the exception. The hibernation derailed every pre-existing positive trend and accelerated all the negative. The restart, unfolding in uneven fits-and-starts over the course of two years, introduced an entirely new sociology. Though its precise contours are still taking shape, a few things are clear: Woke reigns supreme and children are expendable.

While most Americans are still digesting the changes, a few brave souls flew into action. Bethany Mandel and Karol Markowicz moved quickly to chronicle the attacks on our children, ring the alarm, and call for action.

Stolen Youth is a disturbing read. Every page bristles with details of the attack on our children. The combined impact of these attacks is clear: There is a large, organized, well-funded movement, drawing together media, professional organizations, teachers unions, corporations, universities, and government officials committed to destroying and indoctrinating our children. Its methods are brutal and clear: It promotes psychological instability and fragility. It teaches children to ignore their emerging common sense, their parents, and timeless ethics in favor of expert pronouncements and trendy social constructs. It deconstructs language to detach negative words from their underlying concepts then reapplies them to entirely different concepts consistent with indoctrination.

The authors divvied up the chapters, perhaps each claiming the atrocities they dread the most. Markowicz, an émigré from the former Soviet Union, opens the book with a reminder of what it means to live in a totalitarian society. Spoiler alert: We’re heading there fast. 

She then moves into the various ways that the woke weaponized Covid—both the virus and the shutdowns—to convince our children that they are little more than viral vectors safe only in isolation. Mandel picks up that baton a few chapters later in her broader consideration of woke pediatrics. 

That discussion incorporates one of the book’s most chilling quotes. It comes courtesy of the Federation of State Medical Boards which, on July 29, 2021, threatened disciplinary action, “including the suspension or revocation of the medical licenses” of any physician who shared any information or opinion about Covid vaccines that was not “factual, scientifically grounded, and consensus-driven.” 

Those first two qualifiers are unobjectionable. The third gives the game away. What does it mean for something to be “consensus-driven?” Consensus among who, and for how long? Those of us who’ve been paying attention know how it works. A few well-connected prestigious and/or governmental “experts” determine what they would like everyone to believe. They then condition funding, promotion, and even licensure on acceptance. Unsurprisingly, given the choice between: (a) Promoting the emerging consensus, keeping your job, and securing funding; or (b) Retaining integrity, getting fired, and becoming unemployable, most professionals choose (a). Voila! Instant overwhelming consensus, which must now be imposed, obeyed, and unquestioned.

The medical establishment, long known for its imperious nature, was unusually open in tipping its hand. As the authors show, however, its practice is hardly novel. Consensus-driven expertise emanating from schools, libraries, media, and entertainment teaches our colorblind children to develop a hyperfocus on race and sexualizes the pre-sexual. The woke teach our children to become racist and sexually confused, blame traditional American mores for racism and repression, and claim the mantle of expertise needed to “fix” the problem.

The entire process is designed to keep today’s kids off-balance. Covid taught them to fear normal social interactions. Critical Race Theory teaches them to distrust their neighbors. Gender theory teaches them to question their bodies. The woke package combines to externalize our children’s problems and teaches them to see themselves as victims. It preaches looking outward to assign blame rather than looking inward to find solutions.

As Markowicz and Mandel put the pieces together, it becomes clear that the woke juggernaut cannot be contained by critiquing its views of race and gender. Those are but two of the more prominent avenues of attack in an all-out assault. The woke are operating in a total moral inversion: compassion for some hypothetical, distant member of society and contempt for those closest to us. It’s a perfect prescription for totalitarian tyranny: Absolute trust in the emanations of disembodied expert authority and disrespect for parental authority. The woke are teaching our children to despise and disrespect family, God, nation, and even their own biology. 

Why target the children?

First, as Markowicz notes in her chapter on “Child Soldiers,” because kids are useful. Put a disturbed child—say, Greta Thunberg—in front of your movement, and only the very callous will attack. That tactic is hardly new—there’s a reason we’ve long talked about “poster children”—though the woke do seem to have turned it into an art form.

Second, because childhood is when we shape our beliefs and our tastes. Convince a generation that it’s fragile, off-balance, angry, victimized, and oppressed, and very few of its members will ever break out.

Stolen Youth is one of the clearest articulations yet of the woke drive to destroy American society and Western Civilization. That it’s starting with our children is hardly novel for an ideological movement. The question we must now face is whether we can alert enough adults to the danger to repel it before it is truly too late. Stolen Youth rings the alarm bells. I only hope that they’re loud enough to have the desired—and necessary—effect.

"We Are All On Borrowed Time": Here Is ChatGPT's Analysis Of The JOLTs Report

  As the article below makes clear, the short term risks of ChatGPT has nothing to do with consciousness (which remains a long term risk) but is related to its value. 

 Within the current context of recession and stagflation, the lure of extreme efficiency will be irresistible and inevitably lead to higher productivity with fewer over-stressed people earning more while the rest is hopelessly on the dole unable to catch up on the learning curve.

 I recently read an interesting article saying that ChatGPT would open the door to the 4 days week. If only! It reminded me of a great book of the late 1970s in France which explained how from now on we would all work less and enjoy life more thanks to the arrival of the personal computer. ("Le bonneur en plus" by francois de Closet) It was a good optimistic book but the future it described never came.

 ChatGPT is an extraordinary tool but likewise it will be hijacked to increase profits not salaries. (Individual salaries we mentioned above is not the same concept as "salaries", a macro economic variable.) The problem is not in our stars but in our economic system which is slowly turning back to extractive while technology keeps progressing. Not a very good mix?

"We Are All On Borrowed Time": Here Is ChatGPT's Analysis Of The JOLTs Report

One look at a particularly green subset of tech stocks and it becomes clear that there is a lot of hype surrounding AI. Yet when we look at how ChatGPT can complement - or even overhaul - financial analysis, we are certain that many Wall Street jobs will soon vanish and be replaced with faceless (and much cheaper) AI algos.

As a reminder, three months ago, in our first foray into this arena, we asked ChatGPT to "Write A Taylor Swift Song About The Volatile Macro Market." The result was impressive.

Now, Goldman trader Rich Privorotsky has done something similar, this time evaluating AI's ability to replace Wall Street economists, by asking it to provide an analysis and assessment of yesterday's JOLTS report (something we did here). The results below demonstrate that the one category this subset of Wall Street workers should be very concerned about is the coming spike in the unemployment rate. As the Goldman trader puts it: "we are all on borrowed time."

Here is Privorotsky:

I fed ChatGPT a selection of the Jolts data and asked it whether the Jolt data was consistent with a decelerating or accelerating economy, this is what it came up with…we are all on borrowed time: 

“This data is more consistent with a decelerating economy. A decelerating economy is typically characterized by a slowdown in growth, and the data provided indicates several signs of such a slowdown:

1. Decrease in job openings: Total private job openings decreased by 599,000 from January 2023 to February 2023, suggesting fewer opportunities for job seekers and potentially slower growth.

2. Decrease in hires: Total private hires decreased by 145,000, indicating that companies might be more cautious about expanding their workforce, which could be a sign of a decelerating economy.

3. Decrease in layoffs and discharges: A decrease in layoffs and discharges could be a positive sign for the economy, as it might indicate lower unemployment. However, when combined with the decrease in job openings and hires, it could also suggest that companies are more hesitant to let employees go due to the uncertainty of finding new hires in a potentially slowing economy.”

 me: there anything obvious here about small business compared to large companies?

 Yes, there are some differences between small businesses and large companies in the data provided:

1. Job Openings: Small businesses with 1-9 employees saw a significant decrease in job openings from January 2023 to February 2023 (-198,000), with the job openings rate declining by 1.0 percentage points. In contrast, larger companies (1,000-4,999 employees) experienced a slight increase in the job openings rate (0.1 percentage points) during the same period.

2. Hires: Small businesses (1-9 employees) had a slight increase in hires (+17,000) from January 2023 to February 2023. On the other hand, larger companies (50-249 employees and 250-999 employees) experienced a decrease in hires during the same period (-174,000 and -94,000, respectively).

3. Layoffs and Discharges: Small businesses (1-9 employees) experienced a significant decrease in layoffs and discharges (-110,000) from January 2023 to February 2023. Larger companies (50-249 employees) also saw a decrease in layoffs and discharges (-103,000), but the change wasn't as drastic as in small businesses.

These differences suggest that small businesses might be facing more significant challenges compared to larger companies. The larger decrease in job openings and the significant decline in layoffs and discharges in small businesses may indicate a higher level of uncertainty and potentially more vulnerability in the face of a decelerating economy. However, it's important to consider other factors and data points to have a comprehensive understanding of the overall business environment for both small and large companies."

Why a desperate America may soon annex its 51st state

  What's wrong with America? Is the country in terminal decline as hinted by Simon Black below? Hard to say although most recent news seem to indicate that this is indeed the case. 

  If you live in a nice suburb, it probably doesn't feel that way... yet. Although objectively, walking in any European city is now a much better experience than drug infested downtown San Francisco. (Most other cities except a very few being anyway unwalkable.) Taking the train in Japan, Korea or now China likewise is a 21th Century experience. In the US, it's more like the early 1900s. Infrastructure is crumbling while the country is over-extended abroad "managing" it's world order that more and more countries reject.    

  In a way, today's America feels very much like 1975 London with its abandoned docks along the Thames, reflecting past glories and present decay. London did rebound in the following decades although real power moved from Westminster to Washington. Just as England's punks defined the era, LGBT woke crowds will probably define today's sunset of American hegemony. From blue spiked hair to pink generals, it looks like people prefer their downfall to be colorful!

by Simon Black via Sovereign Man

At the center of Sovereign Man’s core ethos is the indisputable view that the United States is in decline.

I take absolutely zero pleasure in writing that statement. But it’s incredibly difficult, if not impossible, to objectively appraise the bountiful evidence at hand and not reach the same conclusion.

Consider the following:

US government finances are appallingly bad. The national debt exceeds 100% of GDP, annual deficits run into the trillions of dollars with no end in sight, and major trust funds for Social Security and Medicare will soon run out of money.

Political incompetence is mind-blowing; politicians fail to be able to even identify problems, let alone understand them, let alone reach compromises to solve them.

Ditto for central bank incompetence. These people simply cannot understand how, by keeping interest rates at zero for nearly a decade and conjuring trillions of dollars out of thin air, they engineered record high inflation. And they also fail to understand how their actions to ‘fix’ inflation are causing widespread havoc in the economy and financial system.

Social divisions across the country are extreme. Censorship and cancel culture prevail, and corporations now wag their fingers at their own customers to “be better”.

The education system is in pitiful shape, with many politicians and school board officials turning classrooms into activist training camps.

The population is terribly unhealthy. Obesity and drug addiction are epidemics. Plus there’s an obvious mental health crisis that drives far too many people to commit horrific acts of violence on innocent people, including children.

National security is in decline. Military readiness is down, yet top officials seem more concerned about diversity and inclusion rather than the ability to prevail in war.

The rule of law has been perverted, including for political purposes and self-aggrandizement. We just saw another example of this yesterday.

Even the national fertility rate continues plummeting– an indication of the rising cost of living and social apathy.

The Wall Street Journal recently published a series of polls indicating that most Americans doubt their children will have a better future; pessimism is strong.

They also found that certain values which once defined American culture, including a sense of community, hard work, and civility, are no longer important to the majority of people.

This is all happening at a time when adversaries are circling. And that includes China.

Now, usually whenever I bring up China, there are always people who are quick to assert that China cannot possibly replace the US as the dominant superpower because they have just as many problems.

And it’s true that China has a ton of problems. They have their own debt issues, financial system chaos, and economic problems. They have social challenges, a major demographic crisis, and even a serious issue with childhood obesity.

But no civilization or empire throughout history has ever been problem-free.

Ancient Rome, even during its early republic days, had enormous problems. They had to deal with constant revolts, civil war, the genocidal dictatorship of Sulla, famine, war, plague, and more.

Yet there’s an enormous difference between taking on challenges while you’re on the rise… versus succumbing to them while on the way down.

Rome was able to deal with its challenges and continue its rise to become the dominant superpower. China may be able to do the same.

The US finds itself in a precarious position where they have a mountain of compounding problems… and no ability to even slow them down, let alone solve them.

I’ve written before about what I call the “Four Forces of Decline”, which I define as

1) Forces of History– the inevitable, cyclical nature in the rise and fall of Empire. No empire, no civilization in human history has ever retained the top spot forever, and most tend to experience similar challenges on the way down.

2) Forces of Society– the vicious way in which a society eats itself from within, vanquishing the ability and inclination to solve complex problems.

3) Forces of Economy– the debilitating toll that enormous debts, deficits, and currency inflation take on a nation and its people.

4) Forces of Energy– when energy is cheap and abundant, prosperity reigns. When energy is expensive, prosperity wanes. The relationship couldn’t be more clear.

Today’s podcast puts all of these together, with a particular focus on #4, Forces of Energy.

Part of being the dominant superpower in our modern world means having access to abundant energy. Yet the US government has spent the last few years trying to destroy its energy (oil and gas) industry.

They’ve been pretty successful. The President of the United States hardly misses an opportunity to bash oil companies. Politicians pass new rules and taxes to punish them. The media beats up on them. Investors have pulled funding for them.

So it shouldn’t be a surprise that US oil production, while not in terminal decline, is failing to keep up with growing demand.

Shale oil is especially problematic given that most of the highest quality “tier 1” sites have already been drilled. Many are already in decline.

This is a big deal. Shale oil is the reason why the US achieved near energy independence. With shale in decline, the US will be forced to import a LOT more energy (which, again, is critical for prosperity) from places where they have an increasingly adversarial relationship.

Russian oil is obviously off the table. So is Iranian oil. Saudi Arabia is rapidly becoming cozy with China; in fact the Saudis are now publicly considering to sell their oil in Chinese currency, the renminbi.

This is an enormous threat to the US. Saudi Arabia has been selling oil in dollars for decades; they’ve even had their currency, the riyal, pegged to the US dollar since 1986.

This concept of selling oil in US dollars is known as the petrodollar, and it’s one of the key reasons why the US dollar is the global reserve currency.

Anyone who wants to buy oil needs to own US dollars. And that pretty much includes every country on the planet. So foreigners are forced to stockpile dollars, and by extension, US government bonds… simply because they need dollars to buy oil.

As a result the US government is able to get away with the fiscal equivalent of murder. They can run multi-trillion dollar deficits every year. They can wage expensive wars in foreign lands. They can go into debt to pay people to stay home and NOT work…

… and they’ve always had a bunch of suckers overseas– foreigners who have no choice but to buy US government bonds, simply because oil is priced in US dollars.

But what if Saudi Arabia started selling oil in renminbi?

Most likely a LOT of foreigners would dump at least some of their dollars and start holding renminbi as part of their official reserves.

America’s biggest privilege and benefit– its reserve currency– would vanish, practically overnight.

Suddenly the US government wouldn’t be able to run multi-trillion dollar deficits. It wouldn’t be able to go into debt to pay people to stay home and NOT work.

They’d have to be like almost every other country– act with some fiscal responsibility.

Think about it– if the President of Mexico shook hands with thin air, investors would be rightfully terrified and panic-sell Mexican government bonds. If South Korea ran a multi-trillion dollar deficit, its currency would probably plummet.

Back in September we saw the British pound and UK government bonds practically collapse… and the Prime Minister of one of the world’s largest democratically elected sovereign governments was forced to resign… simply because investors didn’t like her economic revival plan.

These issues are all linked. If the US continues to demonstrate incompetence and weakness… if they continue to subvert and destroy the energy industry… and if Saudi Arabia starts selling oil in renminbi…

… the consequences will be life-changing.

This is one of the biggest stories of our lives. It’s easy to miss because it’s playing out over a period of years. It gets lost in the day-to-day noise and the crisis du jour.

But rest assured this is happening in front of our very eyes; it’s a slow motion crash that’s already started.

The outcome isn’t inevitable yet. But nothing about these people’s actions demonstrate that they have the slightest clue what’s going on.

NASA Engineer Tom Moser Reveals the Truth About Climate Science (Video - 17')

    

At this scale we do not have 200 years but 30 years of reliable satellite data.

We do not know much yet about long term cycles although it seems likely that we are still rebounding from the little ice age towards temperatures equivalent to the Middle Ages optimum.

Worse, solar and cloud effects, by far the most important are not well taken into account in the models.

Finally, we are told that human forcing represents about 20% of the current warming, which if you read the small prints of the models is also the degree of uncertainty.

So the truth is that we do not know if there is currently any global warming or if it is natural variability. Much less if it is man made.

But as a scientists, to say so means no grants for your projects, so almost everyone find "something" at the limit of their models.

So here you have it: Man-made crisis certainly but is it warming? We don't know. So much so that nobody calls it Global Warming anymore, just climate change. An oxymoron which guaranty that you can't be wrong footed.

 Here's a video of Tom Moser of NASA putting some flesh on the bones.