Figmund Sreud
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Re vid Dismantling regime change machinery, … all idle chime. Only possible if the U.S. is thoroughly balkanized first. Probability? Mini-mini miniscule. Trump is simply an orange simian. Not much more, …
F.S.
Karmageddon Lyric, Music, Video.
Road To Chaos
… snip:
”Trump is telling the rest of the world that they must be losers – and accept the fact graciously in payment for the military protection that it provides the world in case Russia might invade Europe or China send its army into Taiwan, Japan or other countries. The fantasy is that Russia would have anything to gain in having to support a collapsing European economy, or that China decides to compete militarily instead of economically.
Hubris is at work in this dystopian fantasy. […]”
https://www.unz.com/mhudson/trumps-balance-of-payments-war-on-mexico-and-the-whole-world/
Anyway, … this will not end well!
The big question in the coming year is whether Putin surrenders or fights.” – Roberts
_______________________________Look Putin, in the end, simply yearns to become an official, equal Atlanticist. Yes!
Russia is full of Atlanticists. Its Central Banker, Elvira Sakhipzadovna Nabiullina, is an Atlanticist – just one of them. So are many other top, top Russian Government officials.
Also, don’t forget numerous Russian oligarchs!
Anyway, recall the moto:
”Whatever the weather
We only reach welfare
TOGETHER”..fwiw.
RE drones:
When I watched a set of 1,218 drones dancing over the ski slopes at PyeongChang 2018 Olympics, my very first reaction was, What a spectacular idea for a show: brilliant! My subsequent thought was, Battlefield, … next application!
Of course, drones also showed up at Tokyo 2020 Opening Ceremony
… fwiw
Yes, yes, and yes! Mind you, I would concentrate primarily on Michael Every‘s article for gist in my post, …
… economic policy v.s economic statecraft – the change of emphasis.
You understand, it has something to do with me previously mentioning here The Thucydides Trap: “our democratic principle of rule of law” v.s. “others principles of rule of law”!.
Some simply insist that it can’t be just ‘the other way’ in ‘Our Cosmos’!
… best,
F.S.
Couple of screeds to read:
Art Berman:
https://www.artberman.com/blog/oil-power-and-statecraft-the-geopolitics-of-energy-in-a-changing-world/Note: … no snips provided since my new-to-me,5 year old hand-me-down computer is not cooperating!
F.S.
Oh, Syria!
… large, large snip, bolding added by me:
What has Russia done about this? There has been no engagement in the theatre of war, except for a few air raids on specific positions on the first day. Iran? Not present at roll call. This clearly shows that there was an agreement, more or less known to the parties.
<b>Let us not underestimate the Zionist issue from the Russian point of view: Russia is full of Israeli citizens, Zionists (especially among the oligarchs and politicians) and has very valuable trade with Israel. It could be that Russia actually carried out the ‘swap’ between Syria and Ukraine because this would be in the interests of Russian Zionists as opposed to Middle Eastern ones. It is a hypothesis that cannot be discarded.</b>
Bashar al-Asssad has played his part. A betrayal of his people? Who ‘signed’ the agreement in Kazan? He probably sold what was left to save himself, perhaps even betrayed Russia. Iraq, Lebanon, Yemen are about to fall, Iran is facing enormous risks. Why this choice? Was there really nothing else that could be done? Where is the spirit of the revolution?
Assad is now in Moscow, under political asylum. We will see what he has to say.
Collaterally, extending the analysis, what happened shows that the BRICS+ are not ‘salvation’. On the contrary, they can represent a huge risk. The power of the BRICS+ is not yet sufficiently political and not yet coordinated with the strategic-military-antiterrorist power. This is a fact that is sadly confirmed by the fall of Assad’s Syria. The general infatuation of many, both in the East and the West, is now being tempered. Israel remains an economic and nuclear power, with footholds in the governments of most countries and unstoppable intelligence. War teaches much more realpolitik than geo-economic partnerships, unfortunately.
And what about Palestine? The Palestinian people will once again pay the price.
Putin to Pezeshkian: “C’mon! Look at these fangs! Look at these claws! You think we’re supposed to eat honey and berries?” *)
MOSCOW, December 2. /TASS/. Russian President Vladimir Putin spoke by phone with his Iranian counterpart Masoud Pezeshkian in talks that focused on the crisis in Syria, the Kremlin said in a statement.
“Attention was focused on the escalating situation in the Syrian Arab Republic. The major aggression of terrorist groups and gangs is views as aimed at undermining the sovereignty, political, social and economic stability of the Syrian state,” the statement said.
*) Gary Larson line
One by one, … than a bunch, all at the same time! [ Note: Still, awfully quiet ( news blackout?) on newly established – longest Russia/NATO (Finland) boarder. Also Moldova’s pro-western stance needs a-watchin’. But I digress grossly, … for now.]
The West Is Ramping Up Its Regime Change Campaign In Georgia
The times they are a-changin’, …
“… the war widens and shape-shifts: Lebanon, for now, is put on a low flame burner, but Turkey has triggered a major military operation (reportedly some 15,000 strong) in an attack on Aleppo, using U.S. and Turkish trained jihadists and militia from Idlib. Turkish Intelligence no doubt has its own distinct objectives, but the U.S. and Israel have a particular interest to disrupt weapons supply routes to Hizbullah in Lebanon.”
The Long War to reaffirm Western and Israeli primacy undergoes a shape-shift
Note: Article below is originally from behind a pay-wall at: https://www.theglobeandmail.com/investing/investment-ideas/article-there-is-no-reason-to-fear-the-brics-countries-usurping-the-wests/
From my in-Box this p.m.:
Stay invested in America and avoid the BRICS
Since the beginning of the war in Ukraine, there has been much talk about the so-called BRICS countries forming an alternative to the global economic order. Some fear, and some gloat, that the financial hegemony of the Western industrialized countries is coming to an end. They say the importance of the U.S. dollar and to some extent the euro, which have been dominant in international commerce, will be replaced by some alternative championed by the BRICS countries. Many self-described geopolitical and economic experts are certain of this, although they never seem to name exactly what currency will knock the dollar off its pedestal.
But this sentiment of the imminent death of the U.S. dollar is premature. The BRICS are not only poor competition for the West, but they are also, in different and uniquely individual ways, economic accidents waiting to happen. The risk is not that they will usurp the West but that many will become so economically, and eventually, politically chaotic that they will destabilize the entire world.
Investors need to ponder this when evaluating where their portfolios are invested.
The term BRICS was coined in 2001 by Goldman Sachs economist Jim O’Neill, to refer to the grouping of Brazil, Russia, India and China. South Africa was added a few years later. Mr. O’Neill’s thesis was that by 2050, these countries would dominate the world economy. Many economic analysts and investment strategists, including myself, viewed this hypothesis with derision. We felt that making predictions about the world economy a half century in the future was ludicrous, that the U.S. economy was not going anywhere soon and the analysis showed an acute naivete about the BRICS as individual countries.
Shortly after the term was coined, it quickly became a term of contempt. BRICS became associated with large countries with abundant resources that failed chronically to deliver economic prosperity to its citizens. Almost a quarter of a century after the term was created, only China has come close to living up to its potential. Still, despite its size, China remains a middle-income country. It faces numerous challenges and has never developed proper capital markets – a crucial factor in prosperity. Chinese stock markets have done very poorly, especially for an economy that was heralded as the the usurper to the dominant position of the United States.
Arguably, India is the only BRICS country whose outlook appears better than it did in 2001. However, at a GDP per capita of about US$2,500, India remains a poor country. It is growing but has a long way to go. It also continues to have issues with Khalistani separatists and Islamists, both internally and on its borders. I remain cautiously optimistic about India, but its future is with the wealthy industrialized countries of the West and Asia and not the relatively poor BRICS countries. I believe the historic animus between India and China will eventually destroy this nascent alliance aimed at taking down the U.S.-dominated financial system.
Brazil is a non-player. Although it may have had some potential, Brazil elected Luis Inácio Lula da Silva, a far-left anti-Western authoritarian and convicted money-launderer. Kleptocracies do not become rich countries, although rich countries can become kleptocracies. Brazil will be fortunate if it a averts a serious economic crisis in the next few years.
South Africa is no economic giant and never will be in the lifetime of anyone alive today. South Africa has a GDP per capita of about US$2,600. It is a poor country and the income gap between its Black and white citizens is large, and many white people are likely to emigrate in the next few decades. One-fifth to one-quarter of South Africans live in extreme poverty. One-third of the labour force is unemployed.
Last, we address Russia, the ringleader of this group of ne’er-do-wells. Russia is an interesting study. I believe that Russia is far less powerful and closer to an actual implosion than is generally understood. Total Russian GDP is lower than that of Canada, despite the country having almost four times the population, and that is using what is likely inflated Russian numbers. Russian two-year bonds are at over 20 per cent, although there is not a real market for them. That’s hardly indicative of an economic challenger to the U.S. Almost three years of war and economic sanctions have weakened an already anemic Russian economy.
Russia is facing two issues that will affect its very survival as a country. One is that there is a chronic demographic problem. There is simply a shortage of people between the ages of 15 and 32, as a percentage of the population. Two is that the Russian Federation may see some republics try to break away from the grasp of Moscow. There are already escalating tensions between Chechnya and Dagestan.
Although Russia and China are serious geopolitical adversaries, they are no threat to the Western financial order. Our threats internally dwarf external ones.
For decades, we have been subject to predictions of the imminent demise of the U.S. and the West. All these forecasts have been proven wrong.
Last year, I wrote that there would be a decline in the U.S. dollar, but that it would be gradual. Since that column, I’ve become convinced that the decline is even further away from being realized. The economies of the BRICS countries are looking worse all the time, especially that of Russia. Meanwhile, the U.S./Europe economic growth gap has widened, and that trend will now only intensify with Donald Trump about to bring in America-first policies.
The U.S. is and will continue to be dominant. It has the biggest economy, a wealth of resources, an economically driven and productive population and a cultural belief in hard work, optimism, free enterprise and liberty.
Stay invested in America and avoid the economic basket cases.
Tom Czitron is a former portfolio manager with more than four decades of investment experience, particularly in fixed income and asset mix strategy. He is a former lead manager of Royal Bank of Canada’s main bond fund. Stay invested in America and avoid the BRICS
Since the beginning of the war in Ukraine, there has been much talk about the so-called BRICS countries forming an alternative to the global economic order. Some fear, and some gloat, that the financial hegemony of the Western industrialized countries is coming to an end. They say the importance of the U.S. dollar and to some extent the euro, which have been dominant in international commerce, will be replaced by some alternative championed by the BRICS countries. Many self-described geopolitical and economic experts are certain of this, although they never seem to name exactly what currency will knock the dollar off its pedestal.But this sentiment of the imminent death of the U.S. dollar is premature. The BRICS are not only poor competition for the West, but they are also, in different and uniquely individual ways, economic accidents waiting to happen. The risk is not that they will usurp the West but that many will become so economically, and eventually, politically chaotic that they will destabilize the entire world.
Investors need to ponder this when evaluating where their portfolios are invested.
The term BRICS was coined in 2001 by Goldman Sachs economist Jim O’Neill, to refer to the grouping of Brazil, Russia, India and China. South Africa was added a few years later. Mr. O’Neill’s thesis was that by 2050, these countries would dominate the world economy. Many economic analysts and investment strategists, including myself, viewed this hypothesis with derision. We felt that making predictions about the world economy a half century in the future was ludicrous, that the U.S. economy was not going anywhere soon and the analysis showed an acute naivete about the BRICS as individual countries.
Shortly after the term was coined, it quickly became a term of contempt. BRICS became associated with large countries with abundant resources that failed chronically to deliver economic prosperity to its citizens. Almost a quarter of a century after the term was created, only China has come close to living up to its potential. Still, despite its size, China remains a middle-income country. It faces numerous challenges and has never developed proper capital markets – a crucial factor in prosperity. Chinese stock markets have done very poorly, especially for an economy that was heralded as the the usurper to the dominant position of the United States.
Arguably, India is the only BRICS country whose outlook appears better than it did in 2001. However, at a GDP per capita of about US$2,500, India remains a poor country. It is growing but has a long way to go. It also continues to have issues with Khalistani separatists and Islamists, both internally and on its borders. I remain cautiously optimistic about India, but its future is with the wealthy industrialized countries of the West and Asia and not the relatively poor BRICS countries. I believe the historic animus between India and China will eventually destroy this nascent alliance aimed at taking down the U.S.-dominated financial system.
Brazil is a non-player. Although it may have had some potential, Brazil elected Luis Inácio Lula da Silva, a far-left anti-Western authoritarian and convicted money-launderer. Kleptocracies do not become rich countries, although rich countries can become kleptocracies. Brazil will be fortunate if it a averts a serious economic crisis in the next few years.
South Africa is no economic giant and never will be in the lifetime of anyone alive today. South Africa has a GDP per capita of about US$2,600. It is a poor country and the income gap between its Black and white citizens is large, and many white people are likely to emigrate in the next few decades. One-fifth to one-quarter of South Africans live in extreme poverty. One-third of the labour force is unemployed.
Last, we address Russia, the ringleader of this group of ne’er-do-wells. Russia is an interesting study. I believe that Russia is far less powerful and closer to an actual implosion than is generally understood. Total Russian GDP is lower than that of Canada, despite the country having almost four times the population, and that is using what is likely inflated Russian numbers. Russian two-year bonds are at over 20 per cent, although there is not a real market for them. That’s hardly indicative of an economic challenger to the U.S. Almost three years of war and economic sanctions have weakened an already anemic Russian economy.
Russia is facing two issues that will affect its very survival as a country. One is that there is a chronic demographic problem. There is simply a shortage of people between the ages of 15 and 32, as a percentage of the population. Two is that the Russian Federation may see some republics try to break away from the grasp of Moscow. There are already escalating tensions between Chechnya and Dagestan.
Although Russia and China are serious geopolitical adversaries, they are no threat to the Western financial order. Our threats internally dwarf external ones.
For decades, we have been subject to predictions of the imminent demise of the U.S. and the West. All these forecasts have been proven wrong.
Last year, I wrote that there would be a decline in the U.S. dollar, but that it would be gradual. Since that column, I’ve become convinced that the decline is even further away from being realized. The economies of the BRICS countries are looking worse all the time, especially that of Russia. Meanwhile, the U.S./Europe economic growth gap has widened, and that trend will now only intensify with Donald Trump about to bring in America-first policies.
The U.S. is and will continue to be dominant. It has the biggest economy, a wealth of resources, an economically driven and productive population and a cultural belief in hard work, optimism, free enterprise and liberty.
Stay invested in America and avoid the economic basket cases.
Tom Czitron is a former portfolio manager with more than four decades of investment experience, particularly in fixed income and asset mix strategy. He is a former lead manager of Royal Bank of Canada’s main bond fund.
Canadian Lieutenant-Colonel, Kent Miller who oversaw the training of Ukrainians was successfully liquidaтed by the Russian AF in Ukraine.
I wouldn’t fret much. Another 1900 Canadians are on its way, … left yesterday I believe:
Edmonton-based armed forces tank regiment leads battle group on mission to Latvia [wink, wink]
Operation Reassurance is the Canadian Armed Forces’ largest current overseas military operation. About 1,900 Canadian soldiers are being deployed for the mission, 180 of them from Edmonton.
Speculation:
” What would be a worthy target for such a devastating monster? Who should be first to be obliterated once WW3 starts? It seems like too much power to waste on Ukrainians. Who really deserves the whole brunt of Oreshnik? Which country threatens the survival of Russia the most? The international consensus comes down to a choice between the US and the UK. Russian experts and philosophers routinely debate the issue. Who is worse? Who contributed more to the upcoming tragedy? It’s easy to blame the US, but there is a separate school of thought that condemns perfidious Albion, even for US aggression. In the US, the late Lyndon LaRouche expounded British conspiracies and showed how the City of London consistently manipulated US foreign policy as a stalking horse to achieve British objectives. In Russia, the popular writer Dmitri Galkovsky preaches to his growing number of followers to guard against the schemes of Britain. […]
… The full history of British aggression is too long to tell, but let’s cover a few salient points. There was Lord Balfour who promised to give Palestine to the Jews. The same man sent the British army to fight the Ottoman Empire, tearing away Palestine. Never forget that the British created Zionism, as proven by Professor Ould-Mey. For more, see my piece Why Palestine is Important. William Henry Hechler (1845- 1931) was “the British agent who actually fathered Zionism in Eastern Europe and Russia”, the man who turned Leo Pinsker into a Zionist, and later guided Theodor Herzl. In the 1930’s, the Brits suppressed all Palestinian attempts to gain independence. In the 1940’s, the Brits caused millions of Indians to die of starvation, using the same method they used to starve millions of Irish in the 19th century. The British attempted genocide numerous times: in North America, killing off the Native Americans, in Australia, exterminating the Aborigines, in New Zealand murdering the Maori. […]
… This is a job for a serious man, and it is a job that we can trust to Mr Putin. As a dedicated man of peace, he will do whatever is necessary, and as always he will do it neat and clean. And then let the world enjoy the fruits of his labor! Such creative destruction is truly a what they deserve!
The Surprise of Hazel
https://www.unz.com/ishamir/the-surprise-of-hazel/“The Storm”
https://x.com/Matt_Bracken48/status/1859025830678327643
Couple most recent articles in SCF:
Alastair Crooke:
Editorial Board:
They’re at it again… the U.S. and Britain, inciting global war, must be defeated for good
Anyway, … will insanity be arrested? I gravely doubt…
F.S.
From my inBox this a.m.:
Ukraine Uses U.S.-Provided Long-Range Missiles in Russia for First Time
MKYIV, Ukraine—Ukraine fired long-range missiles provided by the U.S. into Russia for the first time Tuesday, posing a test for Russian President Vladimir Putin after Moscow’s threats to retaliate for such a move.
Ukraine used the Army Tactical Missile System, known as ATACMS, to strike an ammunition storage facility in Russia’s Bryansk region, a Ukrainian official said. The strike came just days after President Biden gave approval for their use.
“This is a signal that they want escalation,” Russian Foreign Minister Sergei Lavrov said on Tuesday in response to the attack, describing it as a new phase in the war.
Russia has warned for months that use of such long-range missiles against its territory would amount to an attack by the North Atlantic Treaty Organization and lead to a clear response, but it hasn’t specified what that would be. On Tuesday, Putin signed amendments to Russia’s nuclear doctrine—a move that appeared to be timed to send an additional warning to the West.
The Ukrainian Armed Forces said Tuesday that they had struck an arsenal near the town of Karachev at 2:30 a.m. local time, causing 12 secondary explosions and detonations. The official confirmed that the strike was carried out using ATACMS.
The Russian Defense Ministry said its air defenses had shot down five ATACMS missiles launched by Ukraine against a military target in the western border region of Bryansk. The fragments of a sixth missile struck by a Russian interceptor rocket hit the military target causing fires on its territory, it said, but didn’t result in any casualties.
The Biden administration had long declined to authorize Ukraine’s use of ATACMS in Russia, citing concerns of escalation. ATACMS, a surface-to-surface missile system fired from a mobile launcher vehicle, can strike between 100 and 190 miles away, depending on the model of the system.
But the White House authorized the use of the missiles after thousands of North Korean troops were deployed to Russia’s Kursk region, where Moscow is seeking to oust Ukrainian forces that seized territory in a lightning offensive in August.
Russia sought to head off the U.S. decision in recent months by warning about retaliation. Putin in September alleged that missiles as sophisticated as ATACMS can only be fired with the help of U.S. satellites and military instructors.
“If this decision is made, then it will mean nothing less than the direct participation of NATO countries—the U.S., European states—in the war in Ukraine,” Putin said. “And that will substantively change the very essence, the very nature, of the conflict. It will mean NATO countries are fighting against Russia.”
Putin has hinted that using ATACMS against Russian territory could prompt Moscow to place more military assets in countries closer to the U.S. Russia recently sent a nuclear-powered submarine, capable of firing Kalibr cruise missiles, and a navy frigate to Cuba’s Havana harbor, just 100 miles from Key West, Fla.
Russia could also expand its sabotage campaign in Europe with clandestine attacks on Western infrastructure that give it plausible deniability, as part of a hybrid strategy. Such attacks send “a message that hostile actions on Russia’s internationally recognized territory will have a price tag,” said Alexander Gabuev, director of the Carnegie Russia Eurasia Center.
Russia has recently stepped up cooperation with Iran and North Korea and with anti-Western military groups such as the Houthis in Yemen. Iran is supplying drones that Russia uses to strike Ukrainian cities and infrastructure, and North Korea has sent some 11,000 troops to Russia in recent weeks, according to U.S. and Ukrainian estimates.
On Tuesday, Ukrainian President Volodymyr Zelensky said Russia could ultimately deploy as many as 100,000 North Korean troops in Ukraine, where it is steadily gaining territory in the east.
Russia’s strike campaign against Ukrainian cities has intensified in recent weeks, but it is constrained by the number of missiles it can produce for such barrages.
The amendments to Russia’s nuclear doctrine that were unveiled on Tuesday are a largely symbolic move, analysts say. The new document expands the range of threats Russia can respond to using nuclear weapons, and says an attack against Russia using conventional weapons can be a pretext for a nuclear response—including against a nonnuclear state aligned with a nuclear power, an apparent reference to Ukraine.
According to the doctrine, attacks that warrant a nuclear response are those that “pose a critical threat to the sovereignty and/or territorial integrity” of Russia or Belarus, a staunch ally where Russia also stores some of its nuclear missiles. They include use of ballistic missiles, such as ATACMS, and a “mass launch” of cruise missiles, jet fighters or drones, which Ukraine has actively used in recent months to target Russian military bases far from the border. Putin proposed the changes in a session of the Russian security council in September, warning the U.S. against continued support for Ukraine.
“The idea was to try to find a way to limit or constrain the assistance that the West provides to Ukraine, and create some uncertainty about the possible scenarios,” said Pavel Podvig, a senior researcher at the U.N.’s Institute for Disarmament Research.
Write to Ian Lovett at ian.lovett@wsj.com
Copyright 2024 Dow Jones & Company, Inc.
… feeling bit of great excitement and eagerness happening out there!
Poland scrambles fighter jets amid massive Russian airstrikes in neighboring Ukraine
Ukrainian energy holding DTEK says thermal power plants were targeted in Russian attack, causing ‘serious damage’
Alastair Crooke early with his latest weekly article, … states that Israeli media terms orange hair simian’s team of nominees and appointees as “a ‘dream team’ for Netanyahu”
There are no “Easy Wars” left to fight, but do not mistake the longing for one
F.S
<b>Operation SpaceX-400</b> [unrepentant sinners, no peace nor rest!]
SpaceX plans to sharply increase the number of flights of its yuuge, yuuge new rocket during Trump’s second term.
Gwynne Shotwell, president at SpaceX declared Friday: …400 launches of <i>Starship</i> – as the vehicle is called, over the next four years!
F.S.
Irrationality Studies [ of Western behaviour ]
Two part vid by Professors Glenn Diesen and Pascal Lottaz
F.S.
ICYMI: Four out of three Trump’s cabinet nominees and/or appointees poses at least whole bunch of characteristics of a venomous snake!
Good news! One of them could have been Mike Pompeo:
… but I digress grossly,
F.S.
The choice of almost half of American voters!
https://pixabay.com/illustrations/ai-generated-man-donald-trump-8031911/
Into some propaganda, bunkies? Here you go, a wannabe an Israeli press secretary is being interviewed:
F.S.
“Putin new Hitler”, … Dr. Leo Ensel ( conflict researcher and intercultural trainer specializing in the post-Soviet region and Eastern Europe) explains
Strikingly familiar theme today, … history doesn’t repeat, but it rhymes, … “BelleEpoque”. Excellent read!
Belle Epoque
The Geopolitical Outlook Beyond the Recent Belle Époque: What will follow the destructive shocks of “the Deplorables,” the Pandemic, and the War in Europe?… fwiw,
F.S.
Interesting take on China. Geopolitics, … by Warwick Powell, a senior fellow of the Taihe Institute in Beijing, as well as an adjunct professor at the Queensland University of Technology. Long, but worthy of hearing it out:
F.S.
Millennials own 9% of U.S. wealth at an age when Boomers owned 20% – maybe just be true, … you never know for sure these days!
From my in-Box this a.m.:
Macquarie strategist Viktor Shvets details an even worse concentration of wealth in America,
“The top 0.1% (~130,000) continued to pull away from the rest, with their wealth rising to ~US$21trn (~US$157m per household), up from US$13trn in 3Q’19 and US$5trn in 3Q’04 … However, households between 0.1% and 1%, have lost some ground, dropping from 18% pre-Covid to below 17%. Similarly, those between top 1% and 10% are losing ground, with ~37% of national wealth vs ~40% pre-Covid. While the bottom 50% (66m households) slightly improved, these own only ~2% vs 3.5% in 3Q’89 or sub-US$60,000 per household. The rise of inequalities is still the dominant trend: the bottom 50% own nothing while 0.1% continue to rapidly pull away from the top 1%, top 10% and the bottom 50% …US wealth also continues to be highly concentrated in older cohorts, with Millennials only owning ~9%. At a comparable age, Baby Boomers owned ~20%. Another way of looking at it: in 3Q’89, those under 40 years of age controlled 12% while today it is closer to 7%. Although over $30 trn will be inherited by younger cohorts, unlike 1950s-80s, US is now far more unequal, and hence, the bulk of these inheritances will flow into the top 1% … While still some ways off from the Gilded Age of the early 1900s (when top 10% owned over 80% of wealth vs ~70% today), it is a considerable deterioration when compared to the 1950s-80s”
F.S.
War Business: General Bull Wright:
… anyway, more recent:
https://youtu.be/b1zIyol0ybQ?si=ph_wp6DRlNeSA7VE
F.S.
Re Grenell interview via link in Gilbert Doctorow’s post:
Grenell is one terrifying sample of American exceptionalism. Mouthy fool on steroids, if you ask me, …considering current geopolitical conditions.
F.S.
Factchecking the Rolling Stone’s 2022 hysterical take on JD Vance. Mostly true.
F.S.
Korybko:
… “America just got a reality check about how close it is to descending into chaos, which shows how much it’s changed for the worse since 2016. Partisan radicalization and elite scheming have always been around, but they reached an unprecedented level after Trump became the Republican Nominee back then. He’s an imperfect candidate with a lot of personal flaws, but his re-election is the last chance to save America from itself if he succeeds in implementing his lofty plans.
https://korybko.substack.com/p/america-was-less-than-an-inch-away
F.S.
… btw, I have a hell of a time posting stuff just about on any forum I try. Here, everywhere, Dr. Day’s substack, … and others substacks. Not sure why…
F.S.
