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Kunstler: A Glance Ahead
By James Howard Kunstler
August 5, 2022
What’s ahead — like a few months down the road? Hysteria and chaos, if the “Joe Biden” regime can help it… and they’re helping it all they can. Twice vaxxed, twice boosted, and twice recent Covid-19 patient Dr. Anthony Fauci warned this week that the unvaxxed would “get into trouble” as the seasons turn this year. The part he left out is: the unvaxxed will be in trouble trying to keep up with helping their sick and dying vaccinated relatives whose immune systems have been damaged by their multiple vaxxes.
The boldness of Dr. Fauci’s lying is really something to behold. Who in the entire HHS-NIH-CDC bureaucracy has failed to notice that the mRNA “vaccines” have no efficacy whatever against Covid-19? The vaccinated are by far those still getting sick and increasingly disabled from the disease and even more from the vaxxes themselves. The emperor’s new clothes hang in shreds. Rumor is that many upper-level employees in these public health agencies are increasingly freaked out by their now-obvious complicity in a momentous crime. They know they will have to answer for allowing the mRNA fiasco to get this far, for going along to get along, and they’re preparing to mutiny to save their own asses. Wait for it.
The regime’s back-up plan is the comical monkeypox, transmitted to date mainly via all-male orgies. HHS Secretary Xavier Becerra declared a national monkeypox emergency this week, saying he’d “explore every option on the table” (except an official advisory against homosexual orgies). There is, of course, reasonable suspicion that monkeypox is but one device for shutting down the November mid-term election, or, more deviously, closing polling places and allowing only mail-in ballots — the easiest way to rig elections.
That will lead naturally to several state’s attorneys general seeking relief in the Supreme Court against the federal government’s unconstitutional takeover of the states’ duty to conduct their elections. The “Joe Biden” regime will lose that one, but not before royally pissing off at least half the adults in the land, leading to even greater-than-anticipated election losses for the Party of Chaos.
Meanwhile, the Party of Chaos is about to unleash its “Inflation Reduction Act,” which proposes to spend three quarters of a trillion dollars created from thin air into an economy already hyperventilating on three years of multi-trillion-dollar injections derived from no productive activity. At the same time, the act will raise taxes especially for low-end wage earners and small businesses, completing the regime’s destruction of the middle-class. The cherry-on-top is the provision to double the size of the Internal Revenue Service by hiring 87,000 new employees to harass ordinary American taxpayers. Is that what you voted for in 2020? I thought not.
None of that is going to work as intended. More likely, passage of the act will trigger destruction of the dollar as the world’s reserve currency, and a stampede out of dollar-denominated investments, which is to say, a very severe financial crisis. Credit will freeze, the distribution and sales of goods will cease, interest will stop being paid on virtually all outstanding debt, the bond market will implode, few will have anything identifiable as money, and there will be little in the way of everyday goods like food and gasoline to buy anyway.
You realize, of course, that this is a description of economic collapse. If things roll that way, there will be absolutely no trust left in the US government. It will be either ignored or opposed. And in places like my own New York, under the tyrannical and titanically incompetent accidental Governor Kathy Hochul, there will be no trust in state government either. Meaning, we’re on our own, community-by-community. This will be a very interesting experiment in the dynamics of emergence — the self-organizing properties of systems in chaos. I doubt that it will resolve in the direction of the globalists’ dreams of transhuman technocracy. Every macro trend now runs against centralization.
But the process could conceivably invite an attempted Chinese takeover of the USA, if not militarily, then in a way similar to America’s asset-stripping operations in the collapsed Soviet Union of the 1990s, a looting spree — as seen many other times in history when empires founder. Or else, the rest of the world will just kick back and witness the spectacle of our struggle as the lights of Western Civ flicker out. (Europe will be right in it with us, by the way.) The other nations of the world are tired of us trying to push them around, with increasingly evil intentions. They will enjoy watching our tribulations. They will be convinced we deserve it.
This is what comes from a culture of immersive and pervasive dishonesty. Satan is the father of lies and we have become Satanic, being and doing evil, most especially to ourselves, whether you believe in a literal Satan or not. So, do you think now that being transgressive is… fun? You’ll be changing what’s left of your mind about that soon. Along with the threat of literal starvation will also arise a terrible hunger for truth: How did this happen? How did we come to do this? Who was behind it? It won’t be hard to find out, once we’re motivated to look.
https://kunstler.com/clusterfuck-nation/a-glance-ahead/
Kunstler: A Glance Ahead
By James Howard Kunstler
August 5, 2022
What’s ahead — like a few months down the road? Hysteria and chaos, if the “Joe Biden” regime can help it… and they’re helping it all they can. Twice vaxxed, twice boosted, and twice recent Covid-19 patient Dr. Anthony Fauci warned this week that the unvaxxed would “get into trouble” as the seasons turn this year. The part he left out is: the unvaxxed will be in trouble trying to keep up with helping their sick and dying vaccinated relatives whose immune systems have been damaged by their multiple vaxxes.
The boldness of Dr. Fauci’s lying is really something to behold. Who in the entire HHS-NIH-CDC bureaucracy has failed to notice that the mRNA “vaccines” have no efficacy whatever against Covid-19? The vaccinated are by far those still getting sick and increasingly disabled from the disease and even more from the vaxxes themselves. The emperor’s new clothes hang in shreds. Rumor is that many upper-level employees in these public health agencies are increasingly freaked out by their now-obvious complicity in a momentous crime. They know they will have to answer for allowing the mRNA fiasco to get this far, for going along to get along, and they’re preparing to mutiny to save their own asses. Wait for it.
The regime’s back-up plan is the comical monkeypox, transmitted to date mainly via all-male orgies. HHS Secretary Xavier Becerra declared a national monkeypox emergency this week, saying he’d “explore every option on the table” (except an official advisory against homosexual orgies). There is, of course, reasonable suspicion that monkeypox is but one device for shutting down the November mid-term election, or, more deviously, closing polling places and allowing only mail-in ballots — the easiest way to rig elections.
That will lead naturally to several state’s attorneys general seeking relief in the Supreme Court against the federal government’s unconstitutional takeover of the states’ duty to conduct their elections. The “Joe Biden” regime will lose that one, but not before royally pissing off at least half the adults in the land, leading to even greater-than-anticipated election losses for the Party of Chaos.
Meanwhile, the Party of Chaos is about to unleash its “Inflation Reduction Act,” which proposes to spend three quarters of a trillion dollars created from thin air into an economy already hyperventilating on three years of multi-trillion-dollar injections derived from no productive activity. At the same time, the act will raise taxes especially for low-end wage earners and small businesses, completing the regime’s destruction of the middle-class. The cherry-on-top is the provision to double the size of the Internal Revenue Service by hiring 87,000 new employees to harass ordinary American taxpayers. Is that what you voted for in 2020? I thought not.
None of that is going to work as intended. More likely, passage of the act will trigger destruction of the dollar as the world’s reserve currency, and a stampede out of dollar-denominated investments, which is to say, a very severe financial crisis. Credit will freeze, the distribution and sales of goods will cease, interest will stop being paid on virtually all outstanding debt, the bond market will implode, few will have anything identifiable as money, and there will be little in the way of everyday goods like food and gasoline to buy anyway.
You realize, of course, that this is a description of economic collapse. If things roll that way, there will be absolutely no trust left in the US government. It will be either ignored or opposed. And in places like my own New York, under the tyrannical and titanically incompetent accidental Governor Kathy Hochul, there will be no trust in state government either. Meaning, we’re on our own, community-by-community. This will be a very interesting experiment in the dynamics of emergence — the self-organizing properties of systems in chaos. I doubt that it will resolve in the direction of the globalists’ dreams of transhuman technocracy. Every macro trend now runs against centralization.
But the process could conceivably invite an attempted Chinese takeover of the USA, if not militarily, then in a way similar to America’s asset-stripping operations in the collapsed Soviet Union of the 1990s, a looting spree — as seen many other times in history when empires founder. Or else, the rest of the world will just kick back and witness the spectacle of our struggle as the lights of Western Civ flicker out. (Europe will be right in it with us, by the way.) The other nations of the world are tired of us trying to push them around, with increasingly evil intentions. They will enjoy watching our tribulations. They will be convinced we deserve it.
This is what comes from a culture of immersive and pervasive dishonesty. Satan is the father of lies and we have become Satanic, being and doing evil, most especially to ourselves, whether you believe in a literal Satan or not. So, do you think now that being transgressive is… fun? You’ll be changing what’s left of your mind about that soon. Along with the threat of literal starvation will also arise a terrible hunger for truth: How did this happen? How did we come to do this? Who was behind it? It won’t be hard to find out, once we’re motivated to look.
https://kunstler.com/clusterfuck-nation/a-glance-ahead/
Mike Savage - Illusions
By Mike Savage
August 4, 2022
While most people are busy earning a living and contemplating how they are going to keep up with rising prices and a crumbling society there are many things taking place that many are not paying attention to.
One great example is what is happening in Europe. This really ties into what I am talking about when I say that there is NO price discovery in almost any asset and that everything we are seeing is an illusion.
It can’t be argued that in Europe there are countries that can be considered “haves” like Germany and “have-nots” like Italy and Spain. Because of this, in a real market those “have not” countries would have to pay FAR more in interest because of the additional risks associated with funding their debts. The problem here would be that those countries would likely be insolvent in no time if they had to pay a true market price.
Since we have no real markets the central banks- in this case the ECB- can manipulate prices not only by buying bonds to keep rates low and bond prices high (this also allows governments to carry FAR more debt than they should be able to) but they can also manipulate the spreads (difference between rates of different countries). They are currently doing this by buying the bonds of the “have nots” and selling the bonds of the “haves”. This gives the Illusion that all is equal when it is certainly not.
If they were not doing this, it is likely that the Italian and other “have-not” bond yields would spiral higher and could propel the country into insolvency. This is a great example of how the central banks can help countries pretend they are solvent when it is readily apparent that without trillions of currency units created out of nowhere-they are not.
In the meantime, even though the central banks are intervening massively in the debt “markets” we are seeing unprecedented volatility in rates. This appears to me to be a case where even though there is massive intervention in the “markets”, since the debt is growing exponentially it appears that, at times, it is not enough.
The real problem here is that these actions take TRILLIONS of dollars, euros, Yen, etc. These actions don’t just happen out of nowhere. The cash has to be conjured up and assets have to be bought (or sold) to manipulate the price.
Keep in mind that I am focusing on bonds here but the very act of keeping rates low also keep stock and real estate “markets” elevated. Low rates allow for cheap borrowing and a lot of leverage. Rising rates reverses that flow.
As we look forward to fall, I am expecting a few things.
* Far higher prices for all the goods we need. I am particularly worried about energy and food. While we are paying far more already than we are used to paying, I believe prices will rise substantially for quite a long time. There are MANY reasons for this. At the top of the list would be the US dollar losing its lone reserve currency status and countries in the East looking inward and trading with each other making all natural resources more scarce in the West. I’m not even sure if a depression would give us any relief from this.
* Lower prices for homes and other goods that people may forego because of the rising cost of essential goods. With interest rates rising and the cost of daily living skyrocketing home affordability will likely take a massive hit.
* Large move up in the price of silver, gold and the companies that mine both. I saw an interview with Andy Schectman and he has stated that the banks have been amassing massive amounts of silver and that the banks have reduced their short positions (one of the mechanisms to keep the price artificially low) to record LOWS. It makes a lot of sense that an asset like silver which has been used as money in the past but also has MANY commercial uses- which means at some point there could be a physical shortage- should be FAR higher in price in my opinion. I believe that the banks see it coming and are getting ready for a massive U-turn. I believe that because of these actions we are getting close. When? I believe VERY soon- but who knows?
* Large move up in profitable companies that produce hard assets. I believe many of these companies who are producing things we need and are already making record profits have been beaten down recently because of the rising interest rates and also the fear of recession which, in the past, would have led to lower commodity prices. This time, however, we are in a situation where there are severe supply constraints and many countries are looking to keep their products at home to assure that their populations have adequate supplies. This could be a situation where demand could fall but prices (particularly for importing countries) could rise substantially. I have recently sat in on two meetings. One with Goldman Sachs and another with Invesco (people who run their commodity desks). After both meetings I came away with the feeling that my hypothesis is correct. There are SEVERE supply constraints that should lead to FAR higher prices.
While there is no guarantee that I am right at all here and it is Far less likely that I could time these things I am as sure as I could be that, at some point, all of the debt-based assets are going to implode together. At that time, I believe all that people will accept will be something real- whether it be gold, silver, oil, food, water, etc.
A good question for investors would be what assets will thrive in a situation like this and what assets could suffer in this scenario. Do you own assets that are at risk of rising or falling if the economic storm being predicted by almost all of the major banks along with the IMF and many governments comes ashore?
Is your portfolio positioned correctly?
Be Prepared!
https://lemetropolecafe.com/chien_du_cafe.cfm?pid=17877
Mike Savage - Illusions
By Mike Savage
August 4, 2022
While most people are busy earning a living and contemplating how they are going to keep up with rising prices and a crumbling society there are many things taking place that many are not paying attention to.
One great example is what is happening in Europe. This really ties into what I am talking about when I say that there is NO price discovery in almost any asset and that everything we are seeing is an illusion.
It can’t be argued that in Europe there are countries that can be considered “haves” like Germany and “have-nots” like Italy and Spain. Because of this, in a real market those “have not” countries would have to pay FAR more in interest because of the additional risks associated with funding their debts. The problem here would be that those countries would likely be insolvent in no time if they had to pay a true market price.
Since we have no real markets the central banks- in this case the ECB- can manipulate prices not only by buying bonds to keep rates low and bond prices high (this also allows governments to carry FAR more debt than they should be able to) but they can also manipulate the spreads (difference between rates of different countries). They are currently doing this by buying the bonds of the “have nots” and selling the bonds of the “haves”. This gives the Illusion that all is equal when it is certainly not.
If they were not doing this, it is likely that the Italian and other “have-not” bond yields would spiral higher and could propel the country into insolvency. This is a great example of how the central banks can help countries pretend they are solvent when it is readily apparent that without trillions of currency units created out of nowhere-they are not.
In the meantime, even though the central banks are intervening massively in the debt “markets” we are seeing unprecedented volatility in rates. This appears to me to be a case where even though there is massive intervention in the “markets”, since the debt is growing exponentially it appears that, at times, it is not enough.
The real problem here is that these actions take TRILLIONS of dollars, euros, Yen, etc. These actions don’t just happen out of nowhere. The cash has to be conjured up and assets have to be bought (or sold) to manipulate the price.
Keep in mind that I am focusing on bonds here but the very act of keeping rates low also keep stock and real estate “markets” elevated. Low rates allow for cheap borrowing and a lot of leverage. Rising rates reverses that flow.
As we look forward to fall, I am expecting a few things.
* Far higher prices for all the goods we need. I am particularly worried about energy and food. While we are paying far more already than we are used to paying, I believe prices will rise substantially for quite a long time. There are MANY reasons for this. At the top of the list would be the US dollar losing its lone reserve currency status and countries in the East looking inward and trading with each other making all natural resources more scarce in the West. I’m not even sure if a depression would give us any relief from this.
* Lower prices for homes and other goods that people may forego because of the rising cost of essential goods. With interest rates rising and the cost of daily living skyrocketing home affordability will likely take a massive hit.
* Large move up in the price of silver, gold and the companies that mine both. I saw an interview with Andy Schectman and he has stated that the banks have been amassing massive amounts of silver and that the banks have reduced their short positions (one of the mechanisms to keep the price artificially low) to record LOWS. It makes a lot of sense that an asset like silver which has been used as money in the past but also has MANY commercial uses- which means at some point there could be a physical shortage- should be FAR higher in price in my opinion. I believe that the banks see it coming and are getting ready for a massive U-turn. I believe that because of these actions we are getting close. When? I believe VERY soon- but who knows?
* Large move up in profitable companies that produce hard assets. I believe many of these companies who are producing things we need and are already making record profits have been beaten down recently because of the rising interest rates and also the fear of recession which, in the past, would have led to lower commodity prices. This time, however, we are in a situation where there are severe supply constraints and many countries are looking to keep their products at home to assure that their populations have adequate supplies. This could be a situation where demand could fall but prices (particularly for importing countries) could rise substantially. I have recently sat in on two meetings. One with Goldman Sachs and another with Invesco (people who run their commodity desks). After both meetings I came away with the feeling that my hypothesis is correct. There are SEVERE supply constraints that should lead to FAR higher prices.
While there is no guarantee that I am right at all here and it is Far less likely that I could time these things I am as sure as I could be that, at some point, all of the debt-based assets are going to implode together. At that time, I believe all that people will accept will be something real- whether it be gold, silver, oil, food, water, etc.
A good question for investors would be what assets will thrive in a situation like this and what assets could suffer in this scenario. Do you own assets that are at risk of rising or falling if the economic storm being predicted by almost all of the major banks along with the IMF and many governments comes ashore?
Is your portfolio positioned correctly?
Be Prepared!
https://lemetropolecafe.com/chien_du_cafe.cfm?pid=17877
Updated Hurricane forecast for the rest of the season released today from CSU.
Some reduction but still above-average numbers expected.
http://spaghettimodels.com
https://twitter.com/tropicalupdate/
Updated Hurricane forecast for the rest of the season released today from CSU.
Some reduction but still above-average numbers expected.
http://spaghettimodels.com
https://twitter.com/tropicalupdate/
8:30a Non-farm payrolls
Nonfarm Payrolls - M/M 528,000 actual vs 398,000 (rev) prior
Unemployment Rate 3.5% actual vs 3.6% prior
Private Payrolls - M/M 471,000 actual vs 404,000 (rev) prior
Manufacturing Payrolls - M/M 30,000 actual vs 27,000 (rev) prior
Participation Rate 62.1 actual vs 62.2% prior
Average Hourly Earnings - M/M 0.5% actual vs 0.4% (rev) prior
Average Hourly Earnings - Y/Y 5.2% actual vs 5.2% (rev) prior year
Average Workweek 34.6hrs actual vs 34.6hrs (rev) prior
Consensus Outlook
A 250,000 rise is Econoday's consensus for nonfarm payroll growth in July which would be much lower than June's as-expected 372,000. Average hourly earnings in June cooled to 0.3 percent on the month and to 5.1 percent on the year with steady showings expected for July, at 0.3 and 5.0 percent.
Definition
The most closely watched of all economic indicators, the employment situation is a set of monthly labor market indicators based on two separate reports: the establishment survey which tracks 650,000 worksites and offers the nonfarm payroll and average hourly earnings headlines and the household survey which interviews 60,000 households and generates the unemployment rate.
Nonfarm payrolls track the number of part-time and full-time employees in both business and government. Average hourly earnings track employee pay while the average workweek, also part of the establishment survey, tracks the number of hours worked. The report's private payroll measure excludes government workers.
The unemployment rate measures the number of unemployed as a percentage of the labor force. In order to be counted as unemployed, one must be actively looking for work. Other commonly known data from the household survey include the labor supply and discouraged workers.
8:30a Non-farm payrolls
Nonfarm Payrolls - M/M 528,000 actual vs 398,000 (rev) prior
Unemployment Rate 3.5% actual vs 3.6% prior
Private Payrolls - M/M 471,000 actual vs 404,000 (rev) prior
Manufacturing Payrolls - M/M 30,000 actual vs 27,000 (rev) prior
Participation Rate 62.1 actual vs 62.2% prior
Average Hourly Earnings - M/M 0.5% actual vs 0.4% (rev) prior
Average Hourly Earnings - Y/Y 5.2% actual vs 5.2% (rev) prior year
Average Workweek 34.6hrs actual vs 34.6hrs (rev) prior
Consensus Outlook
A 250,000 rise is Econoday's consensus for nonfarm payroll growth in July which would be much lower than June's as-expected 372,000. Average hourly earnings in June cooled to 0.3 percent on the month and to 5.1 percent on the year with steady showings expected for July, at 0.3 and 5.0 percent.
Definition
The most closely watched of all economic indicators, the employment situation is a set of monthly labor market indicators based on two separate reports: the establishment survey which tracks 650,000 worksites and offers the nonfarm payroll and average hourly earnings headlines and the household survey which interviews 60,000 households and generates the unemployment rate.
Nonfarm payrolls track the number of part-time and full-time employees in both business and government. Average hourly earnings track employee pay while the average workweek, also part of the establishment survey, tracks the number of hours worked. The report's private payroll measure excludes government workers.
The unemployment rate measures the number of unemployed as a percentage of the labor force. In order to be counted as unemployed, one must be actively looking for work. Other commonly known data from the household survey include the labor supply and discouraged workers.
Today's Economic Calendar
8:00 Fed's Barkin Speech
8:30 Non-farm payrolls
1:00 PM Baker-Hughes Rig Count
3:00 PM Consumer Credit
Today's Markets
In Asia, Japan +0.9%. Hong Kong +0.1%. China +1.2%. India 0.2%.
In Europe, at midday, London -0.2%. Paris -0.5%. Frankfurt -0.2%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq -0.2%. Crude +0.2% to $88.68. Gold -0.2% to $1802.80. Bitcoin +1% to $22,145.
Ten-year Treasury Yield +2 bps to 2.7%
There was no “insurrection”:
This false-flag misdirection
Was an effort to stump
Donald J. Trump
And prevent his reelection.
-F.R. Duplantier
Today's Economic Calendar
8:00 Fed's Barkin Speech
8:30 Non-farm payrolls
1:00 PM Baker-Hughes Rig Count
3:00 PM Consumer Credit
Today's Markets
In Asia, Japan +0.9%. Hong Kong +0.1%. China +1.2%. India 0.2%.
In Europe, at midday, London -0.2%. Paris -0.5%. Frankfurt -0.2%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq -0.2%. Crude +0.2% to $88.68. Gold -0.2% to $1802.80. Bitcoin +1% to $22,145.
Ten-year Treasury Yield +2 bps to 2.7%
There was no “insurrection”:
This false-flag misdirection
Was an effort to stump
Donald J. Trump
And prevent his reelection.
-F.R. Duplantier
Updated Hurricane forecast for the rest of the season released today from CSU.
Some reduction but still above-average numbers expected.
http://spaghettimodels.com
https://twitter.com/tropicalupdate/
Updated Hurricane forecast for the rest of the season released today from CSU.
Some reduction but still above-average numbers expected.
http://spaghettimodels.com
https://twitter.com/tropicalupdate/
Updated Hurricane forecast for the rest of the season released today from CSU.
Some reduction but still above-average numbers expected.
http://spaghettimodels.com
https://twitter.com/tropicalupdate/
10:30a EIA Natural Gas Inventory
Week over Week 41bcf actual vs 15 bcf prior
Definition
The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products.
10:30a EIA Natural Gas Inventory
Week over Week 41bcf actual vs 15 bcf prior
Definition
The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products.
Kootenay Silver Announces Update on 15,000-Meter Drill Program at Columba High-Grade Silver Project, Mexico
August 4, 2022
Download PDF ( https://bit.ly/3zteU8R )
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to provide an update on drilling at the Columba high-grade silver project (the “Property”), located in Chihuahua State, Mexico.Significant progress has been made on the 15,000-meter drilling program announced earlier in the year, (see News Release dated May 6, 2022). A considerable proportion of assay results are outstanding, and the Company has initiated a pause, awaiting receipt of results to assist in targeting of additional step-outs.
Columba is a past producing high-grade silver underground mine and the area is known host to dozens of mineralized veins.Kootenay initiated its first drilling program in 2019 and has returned many high-grade silver intervals (for details see Columba Project).
The current program of drilling will test extensions of F Vein, D Vein, B Vein and JZ Veins as well as exploratory step-outs on other prospective veins.The 2022 program commenced with a series of drill holes targeting F Vein and D Vein. Core logging to date confirms that each hole at F and D successfully encountered its target.Pierce point locations including interval widths are shown in plan maps and long sections for F Vein and D Vein. Kootenay eagerly awaits results as additional holes may be warranted.
Current program vein intercepts from F Vein range from less than one meter to over 5 meters in drilled length in 7 holes for an average of 2 meters of drilled width. Associated stockwork veining and hydrothermal breccia zones adjacent to the F-Vein range from 6 to 30 meters in drilled length. True widths are estimated to range from 65 to 85% of drilled width.Step-outs from previous intercepts range from 50 to 75 meters, each hole successfully expanding the known size of the F Vein. Prior to this current program drilling had established 700 meters of strike along the F Vein down to a vertical depth of 200 meters and open to depth.
D Vein step-outs from previous drilling vary from 50 to 100 meters and all 11 holes from the current program intercepted the target.D Vein intervals to date range from 0.98 to 17.4 meters with an average of 6.9 meters downhole length with true widths estimated to range from 65 to 85% of downhole length. Including previous holes D Vein has been hit consistently along a strike of over 430 meters and a vertical extent of 340 meters and remains open in all directions.
Assays will be released once final assays are received and compiled. Turn around has been longer than anticipated.
See plan maps for F Vein and D Vein.
James McDonald, Kootenay’s President & CEO commented, “We are very excited to see such a high rate of drill success in hitting vein in all holes and now await receipt of the assay results.”
A comprehensive list of drill results completed on the Columba Property since 2020 can be view here: Columba Drill Results.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The Company inserts blanks, standards and duplicates at regular intervals as follows. On average a blank is inserted every 100 samples beginning at the start of sampling and again when leaving the mineral zone. Standards are inserted when entering the potential mineralized zone and in the middle of them, on average one in every 25 samples is a standard. Duplicates are taken in the mineralized zone, on average 1 to 2 duplicates for each hole.
The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Sonora, Mexico.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2022/kootenay-announces-update-on-15-000-meter-drill-program-at-columba-high-grade-silver-project-mexico
Kootenay Silver Announces Update on 15,000-Meter Drill Program at Columba High-Grade Silver Project, Mexico
August 4, 2022
Download PDF ( https://bit.ly/3zteU8R )
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to provide an update on drilling at the Columba high-grade silver project (the “Property”), located in Chihuahua State, Mexico.Significant progress has been made on the 15,000-meter drilling program announced earlier in the year, (see News Release dated May 6, 2022). A considerable proportion of assay results are outstanding, and the Company has initiated a pause, awaiting receipt of results to assist in targeting of additional step-outs.
Columba is a past producing high-grade silver underground mine and the area is known host to dozens of mineralized veins.Kootenay initiated its first drilling program in 2019 and has returned many high-grade silver intervals (for details see Columba Project).
The current program of drilling will test extensions of F Vein, D Vein, B Vein and JZ Veins as well as exploratory step-outs on other prospective veins.The 2022 program commenced with a series of drill holes targeting F Vein and D Vein. Core logging to date confirms that each hole at F and D successfully encountered its target.Pierce point locations including interval widths are shown in plan maps and long sections for F Vein and D Vein. Kootenay eagerly awaits results as additional holes may be warranted.
Current program vein intercepts from F Vein range from less than one meter to over 5 meters in drilled length in 7 holes for an average of 2 meters of drilled width. Associated stockwork veining and hydrothermal breccia zones adjacent to the F-Vein range from 6 to 30 meters in drilled length. True widths are estimated to range from 65 to 85% of drilled width.Step-outs from previous intercepts range from 50 to 75 meters, each hole successfully expanding the known size of the F Vein. Prior to this current program drilling had established 700 meters of strike along the F Vein down to a vertical depth of 200 meters and open to depth.
D Vein step-outs from previous drilling vary from 50 to 100 meters and all 11 holes from the current program intercepted the target.D Vein intervals to date range from 0.98 to 17.4 meters with an average of 6.9 meters downhole length with true widths estimated to range from 65 to 85% of downhole length. Including previous holes D Vein has been hit consistently along a strike of over 430 meters and a vertical extent of 340 meters and remains open in all directions.
Assays will be released once final assays are received and compiled. Turn around has been longer than anticipated.
See plan maps for F Vein and D Vein.
James McDonald, Kootenay’s President & CEO commented, “We are very excited to see such a high rate of drill success in hitting vein in all holes and now await receipt of the assay results.”
A comprehensive list of drill results completed on the Columba Property since 2020 can be view here: Columba Drill Results.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The Company inserts blanks, standards and duplicates at regular intervals as follows. On average a blank is inserted every 100 samples beginning at the start of sampling and again when leaving the mineral zone. Standards are inserted when entering the potential mineralized zone and in the middle of them, on average one in every 25 samples is a standard. Duplicates are taken in the mineralized zone, on average 1 to 2 duplicates for each hole.
The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Sonora, Mexico.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2022/kootenay-announces-update-on-15-000-meter-drill-program-at-columba-high-grade-silver-project-mexico
Kootenay Silver Announces Update on 15,000-Meter Drill Program at Columba High-Grade Silver Project, Mexico
August 4, 2022
Download PDF ( https://bit.ly/3zteU8R )
Kootenay Silver Inc. (TSXV: KTN; OTC: KOOYF) (the “Company” or “Kootenay”) is pleased to provide an update on drilling at the Columba high-grade silver project (the “Property”), located in Chihuahua State, Mexico.Significant progress has been made on the 15,000-meter drilling program announced earlier in the year, (see News Release dated May 6, 2022). A considerable proportion of assay results are outstanding, and the Company has initiated a pause, awaiting receipt of results to assist in targeting of additional step-outs.
Columba is a past producing high-grade silver underground mine and the area is known host to dozens of mineralized veins.Kootenay initiated its first drilling program in 2019 and has returned many high-grade silver intervals (for details see Columba Project).
The current program of drilling will test extensions of F Vein, D Vein, B Vein and JZ Veins as well as exploratory step-outs on other prospective veins.The 2022 program commenced with a series of drill holes targeting F Vein and D Vein. Core logging to date confirms that each hole at F and D successfully encountered its target.Pierce point locations including interval widths are shown in plan maps and long sections for F Vein and D Vein. Kootenay eagerly awaits results as additional holes may be warranted.
Current program vein intercepts from F Vein range from less than one meter to over 5 meters in drilled length in 7 holes for an average of 2 meters of drilled width. Associated stockwork veining and hydrothermal breccia zones adjacent to the F-Vein range from 6 to 30 meters in drilled length. True widths are estimated to range from 65 to 85% of drilled width.Step-outs from previous intercepts range from 50 to 75 meters, each hole successfully expanding the known size of the F Vein. Prior to this current program drilling had established 700 meters of strike along the F Vein down to a vertical depth of 200 meters and open to depth.
D Vein step-outs from previous drilling vary from 50 to 100 meters and all 11 holes from the current program intercepted the target.D Vein intervals to date range from 0.98 to 17.4 meters with an average of 6.9 meters downhole length with true widths estimated to range from 65 to 85% of downhole length. Including previous holes D Vein has been hit consistently along a strike of over 430 meters and a vertical extent of 340 meters and remains open in all directions.
Assays will be released once final assays are received and compiled. Turn around has been longer than anticipated.
See plan maps for F Vein and D Vein.
James McDonald, Kootenay’s President & CEO commented, “We are very excited to see such a high rate of drill success in hitting vein in all holes and now await receipt of the assay results.”
A comprehensive list of drill results completed on the Columba Property since 2020 can be view here: Columba Drill Results.
Sampling and QA/QC at Columba
All technical information for the Columba exploration program is obtained and reported under a formal quality assurance and quality control ("QA/QC") program. Samples are taken from core cut in half with a diamond saw under the direction of qualified geologists and engineers. Samples are then labeled, placed in plastic bags, sealed and with interval and sample numbers recorded. Samples are delivered by the Company to ALS Minerals ("ALS") in Chihuahua. The Company inserts blanks, standards and duplicates at regular intervals as follows. On average a blank is inserted every 100 samples beginning at the start of sampling and again when leaving the mineral zone. Standards are inserted when entering the potential mineralized zone and in the middle of them, on average one in every 25 samples is a standard. Duplicates are taken in the mineralized zone, on average 1 to 2 duplicates for each hole.
The samples are dried, crushed and pulverized with the pulps being sent airfreight for analysis by ALS in Vancouver, B.C. Systematic assaying of standards, blanks and duplicates is performed for precision and accuracy. Analysis for silver, zinc, lead and copper and related trace elements was done by ICP four acid digestion, with gold analysis by 30-gram fire assay with an AA finish. All drilling reported is HQ core and has been contracted to Globexplore Drilling from Hermosillo, Sonora, Mexico.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Persons
The Kootenay technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of Kootenay by James McDonald, P.Geo, President, CEO & Director for Kootenay, a Qualified Person.
About Kootenay Silver Inc.
Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information, please contact:
James McDonald, CEO and President at 403-880-6016
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
or visit: www.kootenaysilver.com
https://kootenaysilver.com/news/kootenay/2022/kootenay-announces-update-on-15-000-meter-drill-program-at-columba-high-grade-silver-project-mexico
8:30a International Trade in Goods (Advance)
Balance $-79.6B actual vs $-84.9B (rev) prior
Consensus Outlook
A deficit of $81.9 billion is expected in June for total goods and services trade which would compare with a $85.5 billion deficit in May. Advance data on the goods side of June's report showed a narrowing of nearly $6 billion in the deficit.
Definition
International trade is composed of merchandise (tangible goods) and services. It is available nationally by export, import and trade balance. Merchandise trade is available by export, import and trade balance for six principal end-use commodity categories and for more than one hundred principal Standard International Trade Classification (SITC) system commodity groupings. Data are also available for 48 countries and 7 geographic regions. Detailed information is reported on oil and motor vehicle imports. Services trade is available by export, import and trade balance for seven principal end-use categories.
8:30a Initial Jobless Claims
Initial Claims - Level 260K actual vs 254K (rev) prior
Initial Claims - Change 6K actual vs -5K prior
4-Week Moving Average 254.75K actual vs 248.75K (rev) prior
Consensus Outlook
Jobless claims for the July 30 week are expected to come in at 260,000 versus 256,000 in the prior week.
Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smooths out weekly volatility.
8:30a International Trade in Goods (Advance)
Balance $-79.6B actual vs $-84.9B (rev) prior
Consensus Outlook
A deficit of $81.9 billion is expected in June for total goods and services trade which would compare with a $85.5 billion deficit in May. Advance data on the goods side of June's report showed a narrowing of nearly $6 billion in the deficit.
Definition
International trade is composed of merchandise (tangible goods) and services. It is available nationally by export, import and trade balance. Merchandise trade is available by export, import and trade balance for six principal end-use commodity categories and for more than one hundred principal Standard International Trade Classification (SITC) system commodity groupings. Data are also available for 48 countries and 7 geographic regions. Detailed information is reported on oil and motor vehicle imports. Services trade is available by export, import and trade balance for seven principal end-use categories.
8:30a Initial Jobless Claims
Initial Claims - Level 260K actual vs 254K (rev) prior
Initial Claims - Change 6K actual vs -5K prior
4-Week Moving Average 254.75K actual vs 248.75K (rev) prior
Consensus Outlook
Jobless claims for the July 30 week are expected to come in at 260,000 versus 256,000 in the prior week.
Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smooths out weekly volatility.
Today's Economic Calendar
8:30 International Trade in Goods (Advance)
8:30 Initial Jobless Claims
10:30 EIA Natural Gas Inventory
12:00 PM Fed's Mester Speech
4:30 PM Fed Balance Sheet
Today's Markets
In Asia, Japan +0.7%. Hong Kong +2.1%. China +0.8%. India flat.
In Europe, at midday, London flat. Paris +0.7%. Frankfurt +1%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude +0.5% to $91.10. Gold +1.1% to $1795. Bitcoin -2.2% to $22,874.
Ten-year Treasury Yield -2 bps to 2.73%
Left-wing radicals running our schools
Do great harm with their inverted rules:
They oppose every norm,
Reject custom and form,
And show deference to freaks and to fools.
-F.R. Duplantier
Today's Economic Calendar
8:30 International Trade in Goods (Advance)
8:30 Initial Jobless Claims
10:30 EIA Natural Gas Inventory
12:00 PM Fed's Mester Speech
4:30 PM Fed Balance Sheet
Today's Markets
In Asia, Japan +0.7%. Hong Kong +2.1%. China +0.8%. India flat.
In Europe, at midday, London flat. Paris +0.7%. Frankfurt +1%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude +0.5% to $91.10. Gold +1.1% to $1795. Bitcoin -2.2% to $22,874.
Ten-year Treasury Yield -2 bps to 2.73%
Left-wing radicals running our schools
Do great harm with their inverted rules:
They oppose every norm,
Reject custom and form,
And show deference to freaks and to fools.
-F.R. Duplantier
9:45a PMI Composite Final
Composite Index 47.7 actual vs 52.3 Prior
Services Index 47.3 actual vs 52.7 prior
Consensus Outlook
The final services PMI for July is expected to hold at the 47.0 which was the first contraction in two years and 5 points below the consensus range.
Definition
US Services Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys collected from over 400 U.S. companies which provide a leading indication of what is happening in the private sector services economy. It is seasonally adjusted and is calculated from seven components, including New Business, Employment and Business Expectations.
10:00a Factory Orders
Month over Month 2.0% actual vs 1.8% (rev) prior
Consensus Outlook
After jumping a much higher-than-expected 0.8 percent in May, factory orders in June are expected to rise 1.1 percent. Advanced data on the durables side of this report were released last week and showed a 1.9 percent rise.
Definition
Factory orders represent the dollar level of new orders for both durable and nondurable goods. This report gives more complete information than the advance durable goods report which is released one or two weeks earlier in the month.
10:00a ISM Service Index
Index 56.7 actual vs 55.3 prior
Consensus Outlook
The ISM services index has been slowing and is expected to slow noticeably in July, to a consensus 53.0 from June's 55.3.
Definition
The Institute for Supply Management surveys more than 375 service-providing firms from 16 industries (construction and mining are included). The services composite index has four equally weighted components: business activity (closely related to a production index), new orders, employment, and supplier deliveries (also known as vendor performance). The first three components are seasonally adjusted but the supplier deliveries index does not have statistically significant seasonality and is not adjusted. For the composite index, a reading above 50 percent indicates that the services economy is generally expanding; below 50 percent indicates that it is generally declining. The supplier deliveries component index requires extra explanation: a reading above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries.
10:30a EIA Petroleum Inventories
Delayed at source
9:45a PMI Composite Final
Composite Index 47.7 actual vs 52.3 Prior
Services Index 47.3 actual vs 52.7 prior
Consensus Outlook
The final services PMI for July is expected to hold at the 47.0 which was the first contraction in two years and 5 points below the consensus range.
Definition
US Services Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys collected from over 400 U.S. companies which provide a leading indication of what is happening in the private sector services economy. It is seasonally adjusted and is calculated from seven components, including New Business, Employment and Business Expectations.
10:00a Factory Orders
Month over Month 2.0% actual vs 1.8% (rev) prior
Consensus Outlook
After jumping a much higher-than-expected 0.8 percent in May, factory orders in June are expected to rise 1.1 percent. Advanced data on the durables side of this report were released last week and showed a 1.9 percent rise.
Definition
Factory orders represent the dollar level of new orders for both durable and nondurable goods. This report gives more complete information than the advance durable goods report which is released one or two weeks earlier in the month.
10:00a ISM Service Index
Index 56.7 actual vs 55.3 prior
Consensus Outlook
The ISM services index has been slowing and is expected to slow noticeably in July, to a consensus 53.0 from June's 55.3.
Definition
The Institute for Supply Management surveys more than 375 service-providing firms from 16 industries (construction and mining are included). The services composite index has four equally weighted components: business activity (closely related to a production index), new orders, employment, and supplier deliveries (also known as vendor performance). The first three components are seasonally adjusted but the supplier deliveries index does not have statistically significant seasonality and is not adjusted. For the composite index, a reading above 50 percent indicates that the services economy is generally expanding; below 50 percent indicates that it is generally declining. The supplier deliveries component index requires extra explanation: a reading above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries.
10:30a EIA Petroleum Inventories
Delayed at source
Kunstler: Atonement
By James Howard Kunstler
August 1, 2022
Boston, Massachusetts, may be even more Woked-up than the Pacific Coast cities. By “Woked-up” I mean susceptible to a quasi-religious frenzy that compels the performance of moral atonement scripts with an emphasis on obeisance to “experts” (credentialed hierophants) — such as Dr. Anthony Fauci, Dr. Rochelle Walensky, Dr. Klaus Schwab, and the various distinguished authors of Critical Race Theory. But it was still a bit of a shock last week to see the Boston Red Sox playing in sky blue and yellow uniforms in solidarity with the neo-Nazi failing state, Ukraine. I’d be surprised if Xander Bogaerts and Rafael Devers could find Ukraine on a map.
News flash to Boston: Russia’s “special operation” in Ukraine is all over except the shouting. Plus, nobody in the USA cares about it anymore, and if they do, probably for the wrong reasons. The right reason to care is that the “Joe Biden” regime’s insane campaign to destroy Russia has only brought Western Europe to the brink of collapse and ruin, thereby threatening the continuation of Western Civilization altogether.
You don’t hear much chatter about this emanating from, say, Harvard’s Kennedy School of Public Administration because, apparently, they’re all-in on the demolition of Western Civ. It is the ultimate act of atonement, and atonement for the sins of culture and politics is the currency for personal status in Woke Elitedom. America’s elites are secretly disgusted with themselves, especially about the wealth they have been able to grift out of all the racketeering that has replaced honest work in our country — and nowhere is the racketeering more grotesque, or more pretentiously caparisoned, than in the Ivy League universities. Status drives Wokery because Woke Elitedom has more money than it knows what to do with, so just having a lot of money means less than it used to — just ask Senator Elizabeth Warren.
Don’t worry. Soon they will have a lot less money. Or rather, first they will have a lot of money that’s worthless and then they will have no money, like everybody else. The demoralizing inflation underway leads to the destruction of credit and when enough credit is destroyed, there will be no money, since our money is based on credit. When that happens, see what your self-proclaimed moral purity will buy you.
The credit-driven money system is a metaphor representing the expectation that we will always have more of everything. That was surely the consensus in 1913 when the Federal Reserve was born. 1913 was the last year of the Belle Epoch, the beautiful era preceding the First World War. It was also the coming-of-age of economies based on oil. In that moment, Western Civ stood in amazement at its achievements and in thrall to its glittering future. The slaughter in the trenches of WWI shattered that confidence, nowhere more deeply than in Germany, which afterwards lurched from the degeneracy of the Weimar Republic to the depravity of Hitler’s Third Reich, and from there back to ruin in the Second World War.
Today’s Woke Elitedom of Europe, led by Germany, is deliberately driving the EU nations into a ditch without bothering to go to war. They certainly don’t have the military mojo to prosecute a war with Russia — which is what they would be doing if NATO intervened actively in Ukraine (ain’t gonna happen). Instead, they have torn-up reams of trade agreements and imploded a richly-constructed supply network of basic operating resources like oil, natgas, minerals, and grains in an absurd act of atonement, in obeisance to the experts at the World Economic Forum and the fiends behind “Joe Biden.” And lately, they are bent on destroying their food supply with cockamamie campaigns against their farmers, in line with WEF hallucinations about climate change.
As in the USA, the governments of Euroland have declared war on their own people. Germans are scuttling around collecting firewood now, with natgas looking scarce and unaffordable going into winter at the dark upper latitudes. I would bet that there are close to zero wood-stoves available at this point, and how many cold seasons will it take before they cut down all the forests of Europe? Meanwhile, Europe’s industries and businesses disintegrate. The Great Re-set at hand won’t be der Schwabenklaus’s transhuman nirvana but rather a return trip to the 12th century.
All this does not even include the forthcoming attrition among the vaccinated. We have succeeded in disabling and destroying the immune systems of many millions of people with mRNA shots. They are going to get sick from all sorts of things. A lot of activities will stop working, including the medical industry, so many of the injured and dying will not receive care. In this late summer interim, American pharma says it’s ready to bring forth new-and-improved mRNA shots supposedly keyed to the latest emerging variants of the C-19 coronavirus. Pharma and its enablers in the NIH-CDC matrix actually have no idea what variants are coming — nowhere is nature more of a trickster than in disease organisms — and you can be sure that their new vaccines will be more shuck-and-jive.
Anyway, nobody believes them anymore. Few are lining up for the boosters and fewer parents are dragging their kids and babies to the shotmeisters. What remains to happen, and probably will by summer’s end, is a massive uprising of the non-Woke against the Woke Elites and the end of their insane depredations. They can atone all they want at their trials and executions.
https://kunstler.com/clusterfuck-nation/atonement/
Kunstler: Atonement
By James Howard Kunstler
August 1, 2022
Boston, Massachusetts, may be even more Woked-up than the Pacific Coast cities. By “Woked-up” I mean susceptible to a quasi-religious frenzy that compels the performance of moral atonement scripts with an emphasis on obeisance to “experts” (credentialed hierophants) — such as Dr. Anthony Fauci, Dr. Rochelle Walensky, Dr. Klaus Schwab, and the various distinguished authors of Critical Race Theory. But it was still a bit of a shock last week to see the Boston Red Sox playing in sky blue and yellow uniforms in solidarity with the neo-Nazi failing state, Ukraine. I’d be surprised if Xander Bogaerts and Rafael Devers could find Ukraine on a map.
News flash to Boston: Russia’s “special operation” in Ukraine is all over except the shouting. Plus, nobody in the USA cares about it anymore, and if they do, probably for the wrong reasons. The right reason to care is that the “Joe Biden” regime’s insane campaign to destroy Russia has only brought Western Europe to the brink of collapse and ruin, thereby threatening the continuation of Western Civilization altogether.
You don’t hear much chatter about this emanating from, say, Harvard’s Kennedy School of Public Administration because, apparently, they’re all-in on the demolition of Western Civ. It is the ultimate act of atonement, and atonement for the sins of culture and politics is the currency for personal status in Woke Elitedom. America’s elites are secretly disgusted with themselves, especially about the wealth they have been able to grift out of all the racketeering that has replaced honest work in our country — and nowhere is the racketeering more grotesque, or more pretentiously caparisoned, than in the Ivy League universities. Status drives Wokery because Woke Elitedom has more money than it knows what to do with, so just having a lot of money means less than it used to — just ask Senator Elizabeth Warren.
Don’t worry. Soon they will have a lot less money. Or rather, first they will have a lot of money that’s worthless and then they will have no money, like everybody else. The demoralizing inflation underway leads to the destruction of credit and when enough credit is destroyed, there will be no money, since our money is based on credit. When that happens, see what your self-proclaimed moral purity will buy you.
The credit-driven money system is a metaphor representing the expectation that we will always have more of everything. That was surely the consensus in 1913 when the Federal Reserve was born. 1913 was the last year of the Belle Epoch, the beautiful era preceding the First World War. It was also the coming-of-age of economies based on oil. In that moment, Western Civ stood in amazement at its achievements and in thrall to its glittering future. The slaughter in the trenches of WWI shattered that confidence, nowhere more deeply than in Germany, which afterwards lurched from the degeneracy of the Weimar Republic to the depravity of Hitler’s Third Reich, and from there back to ruin in the Second World War.
Today’s Woke Elitedom of Europe, led by Germany, is deliberately driving the EU nations into a ditch without bothering to go to war. They certainly don’t have the military mojo to prosecute a war with Russia — which is what they would be doing if NATO intervened actively in Ukraine (ain’t gonna happen). Instead, they have torn-up reams of trade agreements and imploded a richly-constructed supply network of basic operating resources like oil, natgas, minerals, and grains in an absurd act of atonement, in obeisance to the experts at the World Economic Forum and the fiends behind “Joe Biden.” And lately, they are bent on destroying their food supply with cockamamie campaigns against their farmers, in line with WEF hallucinations about climate change.
As in the USA, the governments of Euroland have declared war on their own people. Germans are scuttling around collecting firewood now, with natgas looking scarce and unaffordable going into winter at the dark upper latitudes. I would bet that there are close to zero wood-stoves available at this point, and how many cold seasons will it take before they cut down all the forests of Europe? Meanwhile, Europe’s industries and businesses disintegrate. The Great Re-set at hand won’t be der Schwabenklaus’s transhuman nirvana but rather a return trip to the 12th century.
All this does not even include the forthcoming attrition among the vaccinated. We have succeeded in disabling and destroying the immune systems of many millions of people with mRNA shots. They are going to get sick from all sorts of things. A lot of activities will stop working, including the medical industry, so many of the injured and dying will not receive care. In this late summer interim, American pharma says it’s ready to bring forth new-and-improved mRNA shots supposedly keyed to the latest emerging variants of the C-19 coronavirus. Pharma and its enablers in the NIH-CDC matrix actually have no idea what variants are coming — nowhere is nature more of a trickster than in disease organisms — and you can be sure that their new vaccines will be more shuck-and-jive.
Anyway, nobody believes them anymore. Few are lining up for the boosters and fewer parents are dragging their kids and babies to the shotmeisters. What remains to happen, and probably will by summer’s end, is a massive uprising of the non-Woke against the Woke Elites and the end of their insane depredations. They can atone all they want at their trials and executions.
https://kunstler.com/clusterfuck-nation/atonement/
7:00a MBA Mortgage Applications
Composite Index - W/W 1.2% actual vs -1.8% prior
Purchase Index - W/W 1.0% actual vs -0.8% prior
Refinance Index - W/W 1.5% actual vs -3.7% prior
Definition
The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.
7:00a MBA Mortgage Applications
Composite Index - W/W 1.2% actual vs -1.8% prior
Purchase Index - W/W 1.0% actual vs -0.8% prior
Refinance Index - W/W 1.5% actual vs -3.7% prior
Definition
The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.
Today's Economic Calendar
7:00 MBA Mortgage Applications
9:45 PMI Composite Final
10:00 Factory Orders
10:00 ISM Service Index
10:30 EIA Petroleum Inventories
10:30 Fed's Harker Speech
Today's Markets
In Asia, Japan +0.5%. Hong Kong +0.4%. China -0.7%. India +0.1%.
In Europe, at midday, London flat. Paris +0.2%. Frankfurt +0.2%.
Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.3%. Crude -1.1% to $93.40. Gold -0.4% to $1782.30. Bitcoin +2.3% to $23,375.
Ten-year Treasury Yield unchanged at 2.75%
A part of the Globalists' plan
For total control over man
With tyrants ascending
Our freedom is ending
Can men be this evil?...they can!
-The Limerick King
Today's Economic Calendar
7:00 MBA Mortgage Applications
9:45 PMI Composite Final
10:00 Factory Orders
10:00 ISM Service Index
10:30 EIA Petroleum Inventories
10:30 Fed's Harker Speech
Today's Markets
In Asia, Japan +0.5%. Hong Kong +0.4%. China -0.7%. India +0.1%.
In Europe, at midday, London flat. Paris +0.2%. Frankfurt +0.2%.
Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.3%. Crude -1.1% to $93.40. Gold -0.4% to $1782.30. Bitcoin +2.3% to $23,375.
Ten-year Treasury Yield unchanged at 2.75%
A part of the Globalists' plan
For total control over man
With tyrants ascending
Our freedom is ending
Can men be this evil?...they can!
-The Limerick King
10:00a Job Openings and Labor Turnover Survey
Job Openings 10.698M actual vs 11.303M (rev) prior
Consensus Outlook
Job openings in May did ease as expected, to 11.254 million, but remained near historically high levels. June's expectations are further easing to 11.0 million.
Definition
The Labor Department's JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report. The word JOLTS stands for Job Openings and Labor Turnover Survey.
10:00a Job Openings and Labor Turnover Survey
Job Openings 10.698M actual vs 11.303M (rev) prior
Consensus Outlook
Job openings in May did ease as expected, to 11.254 million, but remained near historically high levels. June's expectations are further easing to 11.0 million.
Definition
The Labor Department's JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report. The word JOLTS stands for Job Openings and Labor Turnover Survey.
Financial System – Lawless Criminal Control Syndicate – Catherine Austin Fitts
By Greg Hunter
On July 30, 2022
Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says we are at war with the Deep State globalists that want nothing short of total control over all of mankind. Central bankers want a financial system that is a lawless criminal control syndicate where it’s legal for them to do whatever they want. It is simply a choice between tyranny and sovereignty, freedom or slavery. We start with the foundational building block of tyranny, the Central Bank Digital Currency (CBDC) that global bankers want to install in the financial system. CAF says, “It’s not a currency. That’s what you need to understand. What we are talking about is a control system that is going to be implemented in a global coup d’état, and we are in the middle of a global coup d’état. That’s what is happing right now. Essentially, if you look at the central bankers, the BIS (Bank of International Settlements) and all the central bankers are trying to create a system where they are completely free of the laws of nation states and governments. In other words, they are inserting sovereign immunity from all laws and literally trying to create a civilization under the law where they are free to do whatever they want, including, as we know—genocide.”
CAF says to fight back against CBDC is to use cash. Fitts says, “If you go to Solari.com, you will see something that says, “Cash Every Day.” Click the big red cap that says, “Make Cash Great Again.” If you click on that, you will get three videos. There are two videos I really want your audience to watch. One is a 56 second video of the BIS general manger Augustin Carstens in October 2020 explaining with CBDC they will have central control and enforce them centrally. It’s the only time in my life that I saw a central banker be 100% honest. The second video says “Financial Rebellion,” click it and you’ll get three minutes of a presentation by Richard Werner. He is certainly the top scholar in the world on central banking. . . . Richard explains that one of the top central bankers in Europe told him they are planning on chipping all of us.”
CAF says central bankers will ignore the U.S. Constitution, steal all of our assets like cash and gold but especially the land. CAF contends they won’t be able to do this unless they take our guns and extinguish the Second Amendment. CAF also talks about what she thinks will happen after the first of this year when it comes to inflation or deflation.
CAF says, “We are at war and we need a war strategy. . . . The ‘Great Reset’ will turn into the ‘Great Resist.”
CAF contends the good news is people are waking up and this evil criminal system can be stopped. CAF says, “Saint Paul said in Timothy, ‘Just stand and watch the divine go to work.’ They can’t do this. Did you see what just happened in Ireland? They tried to go all digital, and they had so many people cancel their accounts, they had to walk it back. . . . One thing the Bible makes clear is it will at times look hopeless, but it won’t be. That’s why you have to stand.”
There is much more in the 1 hour and 10 min. interview.
Join Greg Hunter of USAWatchdog.com on Rumble as he goes One-on-One with the Publisher of The Solari Report, Catherine Austin Fitts. (7.30.22)
https://rumble.com/v1e7l4f-financial-system-lawless-criminal-control-syndicate-catherine-austin-fitts.html
After the Interview:
There is much free information on Solari.com.
To see the short videos on total control and chip system installed in humans, click here. https://bit.ly/3JhkyPM
https://usawatchdog.com/financial-system-lawless-criminal-control-syndicate-catherine-austin-fitts/
Financial System – Lawless Criminal Control Syndicate – Catherine Austin Fitts
By Greg Hunter
On July 30, 2022
Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says we are at war with the Deep State globalists that want nothing short of total control over all of mankind. Central bankers want a financial system that is a lawless criminal control syndicate where it’s legal for them to do whatever they want. It is simply a choice between tyranny and sovereignty, freedom or slavery. We start with the foundational building block of tyranny, the Central Bank Digital Currency (CBDC) that global bankers want to install in the financial system. CAF says, “It’s not a currency. That’s what you need to understand. What we are talking about is a control system that is going to be implemented in a global coup d’état, and we are in the middle of a global coup d’état. That’s what is happing right now. Essentially, if you look at the central bankers, the BIS (Bank of International Settlements) and all the central bankers are trying to create a system where they are completely free of the laws of nation states and governments. In other words, they are inserting sovereign immunity from all laws and literally trying to create a civilization under the law where they are free to do whatever they want, including, as we know—genocide.”
CAF says to fight back against CBDC is to use cash. Fitts says, “If you go to Solari.com, you will see something that says, “Cash Every Day.” Click the big red cap that says, “Make Cash Great Again.” If you click on that, you will get three videos. There are two videos I really want your audience to watch. One is a 56 second video of the BIS general manger Augustin Carstens in October 2020 explaining with CBDC they will have central control and enforce them centrally. It’s the only time in my life that I saw a central banker be 100% honest. The second video says “Financial Rebellion,” click it and you’ll get three minutes of a presentation by Richard Werner. He is certainly the top scholar in the world on central banking. . . . Richard explains that one of the top central bankers in Europe told him they are planning on chipping all of us.”
CAF says central bankers will ignore the U.S. Constitution, steal all of our assets like cash and gold but especially the land. CAF contends they won’t be able to do this unless they take our guns and extinguish the Second Amendment. CAF also talks about what she thinks will happen after the first of this year when it comes to inflation or deflation.
CAF says, “We are at war and we need a war strategy. . . . The ‘Great Reset’ will turn into the ‘Great Resist.”
CAF contends the good news is people are waking up and this evil criminal system can be stopped. CAF says, “Saint Paul said in Timothy, ‘Just stand and watch the divine go to work.’ They can’t do this. Did you see what just happened in Ireland? They tried to go all digital, and they had so many people cancel their accounts, they had to walk it back. . . . One thing the Bible makes clear is it will at times look hopeless, but it won’t be. That’s why you have to stand.”
There is much more in the 1 hour and 10 min. interview.
Join Greg Hunter of USAWatchdog.com on Rumble as he goes One-on-One with the Publisher of The Solari Report, Catherine Austin Fitts. (7.30.22)
https://rumble.com/v1e7l4f-financial-system-lawless-criminal-control-syndicate-catherine-austin-fitts.html
After the Interview:
There is much free information on Solari.com.
To see the short videos on total control and chip system installed in humans, click here. https://bit.ly/3JhkyPM
https://usawatchdog.com/financial-system-lawless-criminal-control-syndicate-catherine-austin-fitts/
Kunstler: Atonement
By James Howard Kunstler
August 1, 2022
Boston, Massachusetts, may be even more Woked-up than the Pacific Coast cities. By “Woked-up” I mean susceptible to a quasi-religious frenzy that compels the performance of moral atonement scripts with an emphasis on obeisance to “experts” (credentialed hierophants) — such as Dr. Anthony Fauci, Dr. Rochelle Walensky, Dr. Klaus Schwab, and the various distinguished authors of Critical Race Theory. But it was still a bit of a shock last week to see the Boston Red Sox playing in sky blue and yellow uniforms in solidarity with the neo-Nazi failing state, Ukraine. I’d be surprised if Xander Bogaerts and Rafael Devers could find Ukraine on a map.
News flash to Boston: Russia’s “special operation” in Ukraine is all over except the shouting. Plus, nobody in the USA cares about it anymore, and if they do, probably for the wrong reasons. The right reason to care is that the “Joe Biden” regime’s insane campaign to destroy Russia has only brought Western Europe to the brink of collapse and ruin, thereby threatening the continuation of Western Civilization altogether.
You don’t hear much chatter about this emanating from, say, Harvard’s Kennedy School of Public Administration because, apparently, they’re all-in on the demolition of Western Civ. It is the ultimate act of atonement, and atonement for the sins of culture and politics is the currency for personal status in Woke Elitedom. America’s elites are secretly disgusted with themselves, especially about the wealth they have been able to grift out of all the racketeering that has replaced honest work in our country — and nowhere is the racketeering more grotesque, or more pretentiously caparisoned, than in the Ivy League universities. Status drives Wokery because Woke Elitedom has more money than it knows what to do with, so just having a lot of money means less than it used to — just ask Senator Elizabeth Warren.
Don’t worry. Soon they will have a lot less money. Or rather, first they will have a lot of money that’s worthless and then they will have no money, like everybody else. The demoralizing inflation underway leads to the destruction of credit and when enough credit is destroyed, there will be no money, since our money is based on credit. When that happens, see what your self-proclaimed moral purity will buy you.
The credit-driven money system is a metaphor representing the expectation that we will always have more of everything. That was surely the consensus in 1913 when the Federal Reserve was born. 1913 was the last year of the Belle Epoch, the beautiful era preceding the First World War. It was also the coming-of-age of economies based on oil. In that moment, Western Civ stood in amazement at its achievements and in thrall to its glittering future. The slaughter in the trenches of WWI shattered that confidence, nowhere more deeply than in Germany, which afterwards lurched from the degeneracy of the Weimar Republic to the depravity of Hitler’s Third Reich, and from there back to ruin in the Second World War.
Today’s Woke Elitedom of Europe, led by Germany, is deliberately driving the EU nations into a ditch without bothering to go to war. They certainly don’t have the military mojo to prosecute a war with Russia — which is what they would be doing if NATO intervened actively in Ukraine (ain’t gonna happen). Instead, they have torn-up reams of trade agreements and imploded a richly-constructed supply network of basic operating resources like oil, natgas, minerals, and grains in an absurd act of atonement, in obeisance to the experts at the World Economic Forum and the fiends behind “Joe Biden.” And lately, they are bent on destroying their food supply with cockamamie campaigns against their farmers, in line with WEF hallucinations about climate change.
As in the USA, the governments of Euroland have declared war on their own people. Germans are scuttling around collecting firewood now, with natgas looking scarce and unaffordable going into winter at the dark upper latitudes. I would bet that there are close to zero wood-stoves available at this point, and how many cold seasons will it take before they cut down all the forests of Europe? Meanwhile, Europe’s industries and businesses disintegrate. The Great Re-set at hand won’t be der Schwabenklaus’s transhuman nirvana but rather a return trip to the 12th century.
All this does not even include the forthcoming attrition among the vaccinated. We have succeeded in disabling and destroying the immune systems of many millions of people with mRNA shots. They are going to get sick from all sorts of things. A lot of activities will stop working, including the medical industry, so many of the injured and dying will not receive care. In this late summer interim, American pharma says it’s ready to bring forth new-and-improved mRNA shots supposedly keyed to the latest emerging variants of the C-19 coronavirus. Pharma and its enablers in the NIH-CDC matrix actually have no idea what variants are coming — nowhere is nature more of a trickster than in disease organisms — and you can be sure that their new vaccines will be more shuck-and-jive.
Anyway, nobody believes them anymore. Few are lining up for the boosters and fewer parents are dragging their kids and babies to the shotmeisters. What remains to happen, and probably will by summer’s end, is a massive uprising of the non-Woke against the Woke Elites and the end of their insane depredations. They can atone all they want at their trials and executions.
https://kunstler.com/clusterfuck-nation/atonement/
Kunstler: Atonement
By James Howard Kunstler
August 1, 2022
Boston, Massachusetts, may be even more Woked-up than the Pacific Coast cities. By “Woked-up” I mean susceptible to a quasi-religious frenzy that compels the performance of moral atonement scripts with an emphasis on obeisance to “experts” (credentialed hierophants) — such as Dr. Anthony Fauci, Dr. Rochelle Walensky, Dr. Klaus Schwab, and the various distinguished authors of Critical Race Theory. But it was still a bit of a shock last week to see the Boston Red Sox playing in sky blue and yellow uniforms in solidarity with the neo-Nazi failing state, Ukraine. I’d be surprised if Xander Bogaerts and Rafael Devers could find Ukraine on a map.
News flash to Boston: Russia’s “special operation” in Ukraine is all over except the shouting. Plus, nobody in the USA cares about it anymore, and if they do, probably for the wrong reasons. The right reason to care is that the “Joe Biden” regime’s insane campaign to destroy Russia has only brought Western Europe to the brink of collapse and ruin, thereby threatening the continuation of Western Civilization altogether.
You don’t hear much chatter about this emanating from, say, Harvard’s Kennedy School of Public Administration because, apparently, they’re all-in on the demolition of Western Civ. It is the ultimate act of atonement, and atonement for the sins of culture and politics is the currency for personal status in Woke Elitedom. America’s elites are secretly disgusted with themselves, especially about the wealth they have been able to grift out of all the racketeering that has replaced honest work in our country — and nowhere is the racketeering more grotesque, or more pretentiously caparisoned, than in the Ivy League universities. Status drives Wokery because Woke Elitedom has more money than it knows what to do with, so just having a lot of money means less than it used to — just ask Senator Elizabeth Warren.
Don’t worry. Soon they will have a lot less money. Or rather, first they will have a lot of money that’s worthless and then they will have no money, like everybody else. The demoralizing inflation underway leads to the destruction of credit and when enough credit is destroyed, there will be no money, since our money is based on credit. When that happens, see what your self-proclaimed moral purity will buy you.
The credit-driven money system is a metaphor representing the expectation that we will always have more of everything. That was surely the consensus in 1913 when the Federal Reserve was born. 1913 was the last year of the Belle Epoch, the beautiful era preceding the First World War. It was also the coming-of-age of economies based on oil. In that moment, Western Civ stood in amazement at its achievements and in thrall to its glittering future. The slaughter in the trenches of WWI shattered that confidence, nowhere more deeply than in Germany, which afterwards lurched from the degeneracy of the Weimar Republic to the depravity of Hitler’s Third Reich, and from there back to ruin in the Second World War.
Today’s Woke Elitedom of Europe, led by Germany, is deliberately driving the EU nations into a ditch without bothering to go to war. They certainly don’t have the military mojo to prosecute a war with Russia — which is what they would be doing if NATO intervened actively in Ukraine (ain’t gonna happen). Instead, they have torn-up reams of trade agreements and imploded a richly-constructed supply network of basic operating resources like oil, natgas, minerals, and grains in an absurd act of atonement, in obeisance to the experts at the World Economic Forum and the fiends behind “Joe Biden.” And lately, they are bent on destroying their food supply with cockamamie campaigns against their farmers, in line with WEF hallucinations about climate change.
As in the USA, the governments of Euroland have declared war on their own people. Germans are scuttling around collecting firewood now, with natgas looking scarce and unaffordable going into winter at the dark upper latitudes. I would bet that there are close to zero wood-stoves available at this point, and how many cold seasons will it take before they cut down all the forests of Europe? Meanwhile, Europe’s industries and businesses disintegrate. The Great Re-set at hand won’t be der Schwabenklaus’s transhuman nirvana but rather a return trip to the 12th century.
All this does not even include the forthcoming attrition among the vaccinated. We have succeeded in disabling and destroying the immune systems of many millions of people with mRNA shots. They are going to get sick from all sorts of things. A lot of activities will stop working, including the medical industry, so many of the injured and dying will not receive care. In this late summer interim, American pharma says it’s ready to bring forth new-and-improved mRNA shots supposedly keyed to the latest emerging variants of the C-19 coronavirus. Pharma and its enablers in the NIH-CDC matrix actually have no idea what variants are coming — nowhere is nature more of a trickster than in disease organisms — and you can be sure that their new vaccines will be more shuck-and-jive.
Anyway, nobody believes them anymore. Few are lining up for the boosters and fewer parents are dragging their kids and babies to the shotmeisters. What remains to happen, and probably will by summer’s end, is a massive uprising of the non-Woke against the Woke Elites and the end of their insane depredations. They can atone all they want at their trials and executions.
https://kunstler.com/clusterfuck-nation/atonement/
Today's Economic Calendar
9:00 Fed's Evans Speech
10:00 Job Openings and Labor Turnover Survey
Today's Markets
In Asia, Japan -1.4%. Hong Kong -2.4%. China -2.3%. India -0.3%.
In Europe, at midday, London -0.2%. Paris -0.6%. Frankfurt -0.8%.
Futures at 6:20, Dow -0.5%. S&P -0.8%. Nasdaq -1%. Crude -0.5% to $93.38. Gold +0.1% to $1790.20. Bitcoin -2.3% to $22,755.
Ten-year Treasury Yield -5 bps to 2.55%
With Nancy on route to Taiwan
Prepare for the next global con
The future in store?
Our deadliest war
With justice and liberty gone
- The Limerick King
Today's Economic Calendar
9:00 Fed's Evans Speech
10:00 Job Openings and Labor Turnover Survey
Today's Markets
In Asia, Japan -1.4%. Hong Kong -2.4%. China -2.3%. India -0.3%.
In Europe, at midday, London -0.2%. Paris -0.6%. Frankfurt -0.8%.
Futures at 6:20, Dow -0.5%. S&P -0.8%. Nasdaq -1%. Crude -0.5% to $93.38. Gold +0.1% to $1790.20. Bitcoin -2.3% to $22,755.
Ten-year Treasury Yield -5 bps to 2.55%
With Nancy on route to Taiwan
Prepare for the next global con
The future in store?
Our deadliest war
With justice and liberty gone
- The Limerick King
Kunstler: Atonement
By James Howard Kunstler
August 1, 2022
Boston, Massachusetts, may be even more Woked-up than the Pacific Coast cities. By “Woked-up” I mean susceptible to a quasi-religious frenzy that compels the performance of moral atonement scripts with an emphasis on obeisance to “experts” (credentialed hierophants) — such as Dr. Anthony Fauci, Dr. Rochelle Walensky, Dr. Klaus Schwab, and the various distinguished authors of Critical Race Theory. But it was still a bit of a shock last week to see the Boston Red Sox playing in sky blue and yellow uniforms in solidarity with the neo-Nazi failing state, Ukraine. I’d be surprised if Xander Bogaerts and Rafael Devers could find Ukraine on a map.
News flash to Boston: Russia’s “special operation” in Ukraine is all over except the shouting. Plus, nobody in the USA cares about it anymore, and if they do, probably for the wrong reasons. The right reason to care is that the “Joe Biden” regime’s insane campaign to destroy Russia has only brought Western Europe to the brink of collapse and ruin, thereby threatening the continuation of Western Civilization altogether.
You don’t hear much chatter about this emanating from, say, Harvard’s Kennedy School of Public Administration because, apparently, they’re all-in on the demolition of Western Civ. It is the ultimate act of atonement, and atonement for the sins of culture and politics is the currency for personal status in Woke Elitedom. America’s elites are secretly disgusted with themselves, especially about the wealth they have been able to grift out of all the racketeering that has replaced honest work in our country — and nowhere is the racketeering more grotesque, or more pretentiously caparisoned, than in the Ivy League universities. Status drives Wokery because Woke Elitedom has more money than it knows what to do with, so just having a lot of money means less than it used to — just ask Senator Elizabeth Warren.
Don’t worry. Soon they will have a lot less money. Or rather, first they will have a lot of money that’s worthless and then they will have no money, like everybody else. The demoralizing inflation underway leads to the destruction of credit and when enough credit is destroyed, there will be no money, since our money is based on credit. When that happens, see what your self-proclaimed moral purity will buy you.
The credit-driven money system is a metaphor representing the expectation that we will always have more of everything. That was surely the consensus in 1913 when the Federal Reserve was born. 1913 was the last year of the Belle Epoch, the beautiful era preceding the First World War. It was also the coming-of-age of economies based on oil. In that moment, Western Civ stood in amazement at its achievements and in thrall to its glittering future. The slaughter in the trenches of WWI shattered that confidence, nowhere more deeply than in Germany, which afterwards lurched from the degeneracy of the Weimar Republic to the depravity of Hitler’s Third Reich, and from there back to ruin in the Second World War.
Today’s Woke Elitedom of Europe, led by Germany, is deliberately driving the EU nations into a ditch without bothering to go to war. They certainly don’t have the military mojo to prosecute a war with Russia — which is what they would be doing if NATO intervened actively in Ukraine (ain’t gonna happen). Instead, they have torn-up reams of trade agreements and imploded a richly-constructed supply network of basic operating resources like oil, natgas, minerals, and grains in an absurd act of atonement, in obeisance to the experts at the World Economic Forum and the fiends behind “Joe Biden.” And lately, they are bent on destroying their food supply with cockamamie campaigns against their farmers, in line with WEF hallucinations about climate change.
As in the USA, the governments of Euroland have declared war on their own people. Germans are scuttling around collecting firewood now, with natgas looking scarce and unaffordable going into winter at the dark upper latitudes. I would bet that there are close to zero wood-stoves available at this point, and how many cold seasons will it take before they cut down all the forests of Europe? Meanwhile, Europe’s industries and businesses disintegrate. The Great Re-set at hand won’t be der Schwabenklaus’s transhuman nirvana but rather a return trip to the 12th century.
All this does not even include the forthcoming attrition among the vaccinated. We have succeeded in disabling and destroying the immune systems of many millions of people with mRNA shots. They are going to get sick from all sorts of things. A lot of activities will stop working, including the medical industry, so many of the injured and dying will not receive care. In this late summer interim, American pharma says it’s ready to bring forth new-and-improved mRNA shots supposedly keyed to the latest emerging variants of the C-19 coronavirus. Pharma and its enablers in the NIH-CDC matrix actually have no idea what variants are coming — nowhere is nature more of a trickster than in disease organisms — and you can be sure that their new vaccines will be more shuck-and-jive.
Anyway, nobody believes them anymore. Few are lining up for the boosters and fewer parents are dragging their kids and babies to the shotmeisters. What remains to happen, and probably will by summer’s end, is a massive uprising of the non-Woke against the Woke Elites and the end of their insane depredations. They can atone all they want at their trials and executions.
https://kunstler.com/clusterfuck-nation/atonement/
Kunstler: Atonement
By James Howard Kunstler
August 1, 2022
Boston, Massachusetts, may be even more Woked-up than the Pacific Coast cities. By “Woked-up” I mean susceptible to a quasi-religious frenzy that compels the performance of moral atonement scripts with an emphasis on obeisance to “experts” (credentialed hierophants) — such as Dr. Anthony Fauci, Dr. Rochelle Walensky, Dr. Klaus Schwab, and the various distinguished authors of Critical Race Theory. But it was still a bit of a shock last week to see the Boston Red Sox playing in sky blue and yellow uniforms in solidarity with the neo-Nazi failing state, Ukraine. I’d be surprised if Xander Bogaerts and Rafael Devers could find Ukraine on a map.
News flash to Boston: Russia’s “special operation” in Ukraine is all over except the shouting. Plus, nobody in the USA cares about it anymore, and if they do, probably for the wrong reasons. The right reason to care is that the “Joe Biden” regime’s insane campaign to destroy Russia has only brought Western Europe to the brink of collapse and ruin, thereby threatening the continuation of Western Civilization altogether.
You don’t hear much chatter about this emanating from, say, Harvard’s Kennedy School of Public Administration because, apparently, they’re all-in on the demolition of Western Civ. It is the ultimate act of atonement, and atonement for the sins of culture and politics is the currency for personal status in Woke Elitedom. America’s elites are secretly disgusted with themselves, especially about the wealth they have been able to grift out of all the racketeering that has replaced honest work in our country — and nowhere is the racketeering more grotesque, or more pretentiously caparisoned, than in the Ivy League universities. Status drives Wokery because Woke Elitedom has more money than it knows what to do with, so just having a lot of money means less than it used to — just ask Senator Elizabeth Warren.
Don’t worry. Soon they will have a lot less money. Or rather, first they will have a lot of money that’s worthless and then they will have no money, like everybody else. The demoralizing inflation underway leads to the destruction of credit and when enough credit is destroyed, there will be no money, since our money is based on credit. When that happens, see what your self-proclaimed moral purity will buy you.
The credit-driven money system is a metaphor representing the expectation that we will always have more of everything. That was surely the consensus in 1913 when the Federal Reserve was born. 1913 was the last year of the Belle Epoch, the beautiful era preceding the First World War. It was also the coming-of-age of economies based on oil. In that moment, Western Civ stood in amazement at its achievements and in thrall to its glittering future. The slaughter in the trenches of WWI shattered that confidence, nowhere more deeply than in Germany, which afterwards lurched from the degeneracy of the Weimar Republic to the depravity of Hitler’s Third Reich, and from there back to ruin in the Second World War.
Today’s Woke Elitedom of Europe, led by Germany, is deliberately driving the EU nations into a ditch without bothering to go to war. They certainly don’t have the military mojo to prosecute a war with Russia — which is what they would be doing if NATO intervened actively in Ukraine (ain’t gonna happen). Instead, they have torn-up reams of trade agreements and imploded a richly-constructed supply network of basic operating resources like oil, natgas, minerals, and grains in an absurd act of atonement, in obeisance to the experts at the World Economic Forum and the fiends behind “Joe Biden.” And lately, they are bent on destroying their food supply with cockamamie campaigns against their farmers, in line with WEF hallucinations about climate change.
As in the USA, the governments of Euroland have declared war on their own people. Germans are scuttling around collecting firewood now, with natgas looking scarce and unaffordable going into winter at the dark upper latitudes. I would bet that there are close to zero wood-stoves available at this point, and how many cold seasons will it take before they cut down all the forests of Europe? Meanwhile, Europe’s industries and businesses disintegrate. The Great Re-set at hand won’t be der Schwabenklaus’s transhuman nirvana but rather a return trip to the 12th century.
All this does not even include the forthcoming attrition among the vaccinated. We have succeeded in disabling and destroying the immune systems of many millions of people with mRNA shots. They are going to get sick from all sorts of things. A lot of activities will stop working, including the medical industry, so many of the injured and dying will not receive care. In this late summer interim, American pharma says it’s ready to bring forth new-and-improved mRNA shots supposedly keyed to the latest emerging variants of the C-19 coronavirus. Pharma and its enablers in the NIH-CDC matrix actually have no idea what variants are coming — nowhere is nature more of a trickster than in disease organisms — and you can be sure that their new vaccines will be more shuck-and-jive.
Anyway, nobody believes them anymore. Few are lining up for the boosters and fewer parents are dragging their kids and babies to the shotmeisters. What remains to happen, and probably will by summer’s end, is a massive uprising of the non-Woke against the Woke Elites and the end of their insane depredations. They can atone all they want at their trials and executions.
https://kunstler.com/clusterfuck-nation/atonement/