Kimble Charting: Commodities Breaking Out of 5 Year Consolidation?

 A few days ago, I offered a take on some investment ideas to take advantage of a US dollar that may drop another 20 to 40% in my post "The US Dollar is Being Devalued--Probably By A Lot. Buy Commodities" where I say the following:

The US dollar is being intentionally devalued, in part, due to vast and increasing fiscal and trade deficits due to massive government spending that is being substantially funded by "reserve money creation" by the Federal Reserve. Our currency is being radically devalued. Inflation is starting to show up EVEN in the government's lying statistics.

Just a little more supporting information of what our "incredible shrinking dollar" is doing in the commodities market:  

Deagal.com Predicts US and EU Population COLLAPSES 70% by 2025

Deagal.com has forecasted a dramatic population decline for the USA since 2014 based on an understanding of catastrophic financial collapses in the US and the EU. Now, they are assuming that there will be financial calamities but also total war (nuclear) wiping out of 70% of the population both here and in the EU. The financial collapse could happen before, during or after the Nuclear Holocaust. A financial crisis in the West could embolden our enemies. He gives other reasons below.

Mind you, we've had the threat of nuclear annihilation since the 1950s and no war has come. But what Deagal is saying is that Russia and China are rapidly arming themselves with advanced and hypersonic nuclear weapons and that they have good reason to form an alliance to destroy the West, in part because they can. Utter chaos in the USA may very well be something of which, they are willing to take advantage.

Deagel.com is forecasting the population of the US to drop from 327 million in 2017 to only 100 million in 2025, with them also forecasting a 2025 US military budget of $32 billion dollars, down from our 2017 military budget of $637 billion, while forecasting our population density to drop from 34 inhabitants per square mile to only 10 inhabitants per square mile in 2025 (see the figure below).

If you click any European nation on the 2025 page, you'll see similar projection of near total decimation of population by nuclear war. 

From Deagal.com (then click Switch to Forecast 2025, the summary is at the bottom of the countries list)

"The collapse of the Western financial system - and ultimately the Western civilization - has been the major driver in the forecast along with a confluence of crisis with a devastating outcome. As COVID has proven Western societies embracing multiculturalism and extreme liberalism are unable to deal with any real hardship. The Spanish flu one century ago represented the death of 40-50 million people. Today the world’s population is four times greater with air travel in full swing which is by definition a super spreader. The death casualties in today’s World would represent 160 to 200 million in relative terms but more likely 300-400 million taking into consideration the air travel factor that did not exist one century ago. So far, COVID death toll is roughly 1 million people. It is quite likely that the economic crisis due to the lockdowns will cause more deaths than the virus worldwide.

The situation between the three great powers has changed dramatically. The only relevant achievement of the Western powers during the past decade has been the formation of a strategic alliance, both military and economic, between Russia and China. Right now the potential partnership between Russia and the European Union (EU) is dead with Russia turning definitively towards China. That was from the beginning the most likely outcome. Airbus never tried to establish a real partnership but rather a strategy to fade away the Russian aerospace industry. Actually Russia and China have formed a new alliance to build a long haul airliner. Western Europe (not to mention the United States) was never interested in the development of Russia or forming anything other than a master slave relationship with Russia providing raw materials and toeing the line of the West. It was clear then and today is a fact.

Russia has been preparing for a major war since 2008 and China has been increasing her military capabilities for the last 20 years. Today China is not a second tier power compared with the United States. Both in military and economic terms China is at the same level and in some specific areas are far ahead. In the domain of high-tech 5G has been a success in the commercial realm but the Type 055 destroyer is also another breakthrough with the US gaining a similar capability (DDG 51 Flight IIII) by mid of this decade (more likely by 2030). Nanchang, the lead ship of the Type 055 class, was commissioned amid the pandemic and lockdown in China.

Six years ago the likelihood of a major war was tiny. Since then it has grown steadily and dramatically and today is by far the most likely major event in the 2020s. The ultimate conflict can come from two ways. A conventional conflict involving at least two major powers that escalates into an open nuclear war. A second scenario is possible in the 2025-2030 timeframe. A Russian sneak first strike against the United States and its allies with the new S-500, strategic missile defenses, Yasen-M submarines, INF Zircon and Kalibr missiles and some new space asset playing the key role. The sneak first strike would involve all Russian missile strategic forces branches (bombers and ground-based missiles) at the different stages of such attack that would be strategic translation of what was seen in Syria in November 2015. There was no report that the Russian had such a capability of launching a high precision, multiple, combined arms attack at targets 2,000+ kilometers away. Western intelligence had no clue. The irony is that since the end of the Cold War the United States has been maneuvering through NATO to achieve a position to execute a first strike over Russia and now it seems that the first strike may occur but the country finished would be the United States.

Another particularity of the Western system is that its individuals have been brainwashed to the point that the majority accept their moral high ground and technological edge as a given. This has given the rise of the supremacy of the emotional arguments over the rational ones which are ignored or deprecated. That mindset can play a key role in the upcoming catastrophic events. At least in the Soviet system the silent majority of the people were aware of the fallacies they were fed up. We can see the United States claims about G5 being stolen from them by China or hypersonic technology being stolen by Russia as the evidence that the Western elites are also infected by that hubris. Over the next decade it will become obvious that the West is falling behind the Russia-China block and the malaise might grow into desperation. Going to war might seem a quick and easy solution to restore the lost hegemony to finally find them into a France 1940 moment. Back then France did not have nuclear weapons to turn a defeat into a victory. The West might try that swap because the unpleasant prospect of not being Mars and Venus but rather a bully and his dirty bitch running away in fear while the rest of the world is laughing at them.

If there is not a dramatic change of course the world is going to witness the first nuclear war. The Western block collapse may come before, during or after the war. It does not matter. A nuclear war is a game with billions of casualties and the collapse plays in the hundreds of millions."

Falling World Energy Supplies Correlate to a Huge Drop of World Population by 2050

Energy IS the economy. Or you could say, if the economy rises or shrinks, so goes the quantity of energy needed.  Also if the quantity of energy rises or shrinks, so goes the economy. The relationship is one in the same.

From the EIA, worldwide oil and gas liquids production peaked at 102.3 million bpd in Q3 of 2018.  It has fallen by 11% to 90.9 million bpd in Q3 2020.  It's appears to be stabilizing slightly. The US drilling rig count has fallen by over 70% since last year. And that's after MASSIVE amounts of money (debt) injected into the world economy.  I'd say we got very little bang for our buck. World debt levels, already high and possibly unsustainable, are rising into the stratosphere.

According to the oil expert Art Berman, US oil production will eventually fall by the same margin as the drilling rig count or 70%, if the rig count stays depressed at current levels. But the oil price needed to increase the rig count appears to be above $50 or $60 per barrel. With the world in Depression, consumers probably can't afford that. I don't think it's going to happen.

US total oil and gas liquids production has already fallen about 12% to 18.3 million bpd in Q3 2020 from the peak in 2018 or 6% per year. 

If Art is correct expect an eventual decline of US production to about 6 million bpd (a 70% decline) in the coming years. It seems crazy, but he's THE expert in oil and gas.

The huge increase in US production (shale 'miracle') in this past decade hid the decline of production worldwide. So, if the US will lose another 12 mmbpd in the next few years, then world production could decline to 78.9 million bpd (from the peak of  above).  That would represent a 23% decline in world production from 2018.  

But this represents a total decline of 23% (or an additional 11% lower) for the world economy in the next few years. Remember: energy IS the economy.  That amount is solidly in Great Depression territory.  This is pretty much baked in the cake at this point. We're already in a 'regular' economic depression, so we're heading for a truly Great Depression.

The reason it's baked in the cake is that it would take a large world oil price increase to fund a rise in the rig count and production. Only rapidly rising US and world debt can stimulate that demand. But how long can that go on?? And we're already seeing perverse market bubbles in bond and stock markets and bitcoin. Inflation is already perking up. The shift from money to "hard" assets has begun.

In 2015, I wrote in my post End of Cheap Energy and Peak Debt Levels Presage Collapse

..that we've reached "peak-cheap-oil." This means that the marginal cost of oil is so high now that when additional barrels of oil are demanded -- as is the case when the economy grows -- oil prices rise so quickly that it hurts consumer incomes and puts the economy in recession. That happened in 2008 when oil prices hit $140 per barrel. Consumers found their budgets so pinched that many stopped paying their mortgages. Mortgage debt stress morphed into a financial crisis and deep recession. In 2015, oil prices greater than $100 caused the economy to slow.

The era of cheap energy is over. If the economy tries to recover, oil prices rise so high that it kills the economy/consumers. If we can't afford high oil prices, then we cannot have growth.  And the price at which oil is affordable, ie., $30 to $40 per barrel, hurts the oil producers and oil producing countries (and kills oil exporter countries government revenues). Remember, most Middle Eastern countries need $100 oil to subsidize their populations. The subsidies continue with governments selling debt.

So, energy production will eventually drop and all the nations, and especially the oil and commodity producing countries, will tend to remain in recession with large deficit spending. What's needed to "save" us is cheap, ie., $10 oil, for an extended period or a miracle in cheap energy technology.

Energy and World Population

From Gail Tverberg's post at OurFiniteWorld.com: "Energy Is the Economy; Shrinkage in Energy Supply Leads to Conflict" she states that: 

We are hitting energy limits right now. Energy per capita is already shrinking, and it seems likely to shrink further in the future.... In total, the world becomes a poorer place. How is the pain of this reduction in energy consumption per capita to be shared? Is it fair that travel and restaurant workers are disproportionately affected? Worldwide, we are seeing a K shaped recovery: The rich get richer, while the poor get poorer. A major issue is that while we can print money, we cannot print the energy supplies needed to run the economy.

The world economy seems unable to accommodate 7.8 billion people, and we will have no choice but to face this issue.

In Figure 3, Gail "added a rough estimate of the expected drop in future energy consumption that might occur if either (1) the beginning of peak fossil fuels is occurring about now because of continued low fossil fuel prices, or (2) world economies choose to leave fossil fuels and move to renewables between now and 2050 in order to try to help the environment. Thus, Figure 3 shows my estimate of the pattern of total world energy consumption over the period of 1820 to 2050, at 10-year intervals."

Figure 3, World Energy Consumption Energy for years after 2020 is assumed to fall by 6.6% per year, so that the amount reaches a level similar to renewables only by 2050

(Figure 3 assumption: Estimate by Gail Tverberg of World Energy Consumption from 1820 to 2050. Amounts for earliest years based on estimates in Vaclav Smil’s book Energy Transitions: History, Requirements and Prospects and BP’s 2020 Statistical Review of World Energy for the years 1965 to 2019. Energy consumption for 2020 is estimated to be 5% below that for 2019. Energy for years after 2020 is assumed to fall by 6.6% per year, so that the amount reaches a level similar to renewables only by 2050.) 

Several other views of the same projections on a "per capita" basis: 

Figure 4, World Energy Consumption Per Capita

(Figure 4 Assumptions: Amounts shown in Figure 3, divided by population estimates by Angus Maddison for earliest years and by 2019 United Nations population estimates for years to 2020. Future population estimated to be falling half as quickly as energy supply is falling.)

Figure 5, Ten Year Ave Annual Increase/Decrease in World Energy Consumption

Rise of National and International Conflict

Gail says "If we look back at what happened in Figure 5, we find that when the 10-year growth in energy consumption is very low, or turns negative, conflict and bad outcomes are typical. For example:

Dip 1: 1861-1865 US Civil War

Dip 2: Several events

1914-1918 World War I

1918-1920 Spanish Flu Pandemic

1929-1933 Great Depression

1939-1945 World War II

Dip 3: 1991 Collapse of the Central Government of the Soviet Union

Dip 4: 2020 COVID-19 Pandemic and Recession"

Also rising conflicts for finite resources are likely to lead to wars, maybe even catastrophic wars.  Deagal.com, a defense intelligence source, is now projecting nuclear war between a united China-Russia block that will wipe-out billions of people by 2025 for a number of reasons. I'll post the Deagal.com information in my next post. This is all in line with the Fourth Turning's total war climax due by 2028 --the end of the 20 year crisis period that began in 2008.  See my post  Burn. It. The. Fuck. Down. Our Rotting, Corrupted, Bloated, Failing Status Quo Must Burn.

A depressionary world economy will see huge hardship in the poorer countries, the ones reliant on consumer demand from the developed world. It's already starting. Loss of income and loss of food in the poorer countries will lead to starvation, conflict for resources and falling populations. From Figure 4, Gail predicts that world energy consumption will fall to 28 gigajoules per capita in 2050 or about the same energy intensity as India, ie.,very low.  

The only thing that can change this trajectory is more debt and Govt spending in the developed nations (with no further default crises). It can't continue forever, as all nations --developed and developing-- are already heavily debt laden including China. So, the magical solution is more money "printing" by central banks--to fund the government(s) spending. That'll work for awhile until stagflation erupts. (See my post "The US Dollar is Being Devalued--Probably By A Lot.")  Then the Central Banks will have to control the yield curve with even more money "printing." Exponentially rising money spells doom (eventually). See my post Extremes of Unsound Money and Finance Will (Eventually) Lead to Catastrophe.

Gail says:

Trying to get [oil] demand back up through more debt seems likely to lead to debt bubbles, which will be in danger of collapsing. There may be temporary price spikes, but a permanent fix is virtually impossible. This is why I am forecasting the severe drop in energy consumption shown in Figures 3 and 4.  

The Punchline

She concludes "I assume that population drops only half as quickly as energy consumption falls after 2020 (or 3.3% per annum). Total world population would then drop to 2.8 billion by 2050." This is the same world world energy consumption per capita level as 1920. 

This is the slow collapse scenario I discussed in my post Fast Collapse or Slow? I Think Fast.

The US Dollar is Being Devalued--Probably By A Lot. Buy Commodities.

The US dollar is being intentionally devalued, in part, due to vast and increasing fiscal and trade deficits due to massive government spending that is being substantially funded by "reserve money creation" by the Federal Reserve. Our currency is being radically devalued. Inflation is starting to show up EVEN in the government's lying statistics.

Jesse Felder at The Felder Report says:

in the Repo Crisis of last year, the central bank [was] acting as lender of last resort to the Federal Government. ....in its purest form, [with] a commitment to monetize that amount of debt that could not be absorbed by the market.

....it appears that this commitment has only grown stronger. What it really amounts to is a scenario in which our country’s debt grows so large that the central bank is forced to abandon whatever ostensible [legal] mandate it has been given for a new, unspoken one: print as much money as is required to fund the government and prevent a debt spiral.

As former chief economist for the BIS William White put it, “At some point, people realize that the government can’t support the debt burden without going back to the central bank to print more money. This is a "tipping point.” We have now reached that tipping point.

THIS IS WHAT DESPERATION LOOKS LIKE AT THE US GOVERNMENT AND OUR 
CENTRAL BANK !!

If you look at the chart below from Jesse Felder's post "A Generational Opportunity in Commodities." He says that the dollar could decline another 30 to 40% in the months and years ahead.  

If you buy commodity producing stocks, commodity and foreign currency etfs you will stand to benefit handsomely to protect yourself from dollar devaluation.  I am not an investment advisor. In fact, I'm frequently very wrong with regard to market commentary (usually too bearish). So please do your own research. 

The US Dollar Could Sink 30 to 40% in the Coming Months/Years

Internationally traded commodities priced in US dollars will soar. So buy oil producers like XOM, CVX, XLE, COP, OXY, VLO and major foreign oil companies like TOT, BP, PBR, RDS.A. All of these companies pay very high dividends as their stock prices are very low.  Also buy commodity producers like VALE, BHP, FCX, CLF, WPM, WY.  

Also commodity US etfs that track precious metal commodity prices in US dollars should do well like PALL (paladium), SLV (silver), GLD (gold), PLTM (platinum). 

Stocks, especially those with international sales, will soar -- for awhile. Maybe just buy DIA and/or SPY and make things easy for yourself.  Shorting long-dated treasuries makes sense as well since interest rates on the long end will want to rise.  Buy TBT, the double inverse of the 20+ Year Treasury ETF.

Commodity Stocks Relative to the DJIA. Commodity Stocks Could Soar

 

You can also hold foreign currency in your investment accounts: FXE (Euro), FXF (Swiss Franc), FXA (Australian dollar) instead of USD government money funds.  The dollar will bounce up from time to time, so buy these foreign currency ETFs when the dollar is temporarily strong.

Good luck out there. 

NuScale SMR Modular Nuclear Power: The Future of Carbon Free Energy??

Let's be clear, the future of US energy must include more nuclear energy as a carbon-free, base-load power source along with other energy supplies and fuels. It's because the quantity of energy used in this country is so enormous that solar and wind can never economically provide anywhere near all of it.

There is a role for the low-quality, expensive intermittent energy supplies from solar and wind power up to about 10 to 15% of the total, but they are very costly in part because they are low-intensity supplies and require virtually 100% backup. Also once solar and wind reach 10 to 15% of total supply, the cost of grid re-design and re-build renders these already-expensive alternatives uneconomic.  See my posts for an explanation: 

Large Scale Solar & Wind Power Not The Solution: Too Many Problems and Costs

More Analyses Confirm Solar & Wind Power Is More Of a Problem Than Solution

The problems with older style nuclear reactor projects have turned out to be numerous enough to limit their further adoption. They were conceived as massive and complex site-built projects where the cost to build became prohibitive (and that does NOT include decommissioning costs; read below). And there have been failures and severe nuclear material release accidents. One was Fukishima and another was Chernobyl. There have been several other nuclear plant accidents in Russia: Nyonoska (2019) and Kyshtym (1957). 

So, the cost overruns and the safety record of the old types of reactors has halted most new projects, and the complexity of these giant-sized plants has become impractical and unaffordable.  A list of other problems with "conventional" nuclear energy includes:

1. The cost and construction duration of giant-scale plants built on-site has become unmanageable and cost prohibitive.
2. Each facility design was unique and required enormous costs of engineering and an extremely long time for local, state and national government approvals. And time is money.
3. The logistics and costs of weld inspection, quality control and record-keeping of super-large plant construction is impractical and even disruptive to site locales.
4. The requirement of mechanical cooling systems in old plants is a major safety concern if power is lost. This leads to the requirement of emergency cooling pumps as backup. In other words, these reactors are not inherently safe. Emergency pumps failed to start in Fukishima.
5. Due to the concern for safety and large quantities of nuclear fuel in the giant plants requires a 10 mile radius for emergency planning. So, we're talking a surrounding zone with a 20 mile diameter emergency preparedness zone!
6. The logistics cost of abandonment, decommissioning and disposal of the old, very large plants, is massive and, once included, renders the economic case for the very large plants as infeasible and impractical.

But most of these problems have been addressed in new reactor designs. Back in 2013, I presented several posts calling out the advantages of the Thorium molten salt reactors as a possible avenue for abundant and carbon free nuclear energy. These reactors are designed to be inherently safe and the availability of Thorium is some 5 times that of Uranium. Because Thorium MSR units operate at very high temperature and the heat transfer medium is liquefied inorganic salts, this allows the unit to operate at atmospheric pressure (no pressurized containment). The thermal efficiency of very high temperature steam for turbine power generation is also very high.  Have a look at these posts for more information:

Thorium Reactors May Solve World's Energy Crisis

How Thorium Reactors Work

The disadvantage of the Thorium molten salt reactors is the need to concentrate fissile uranium in an adjacent unit operation. Once separated, uranium is fed back into the reactor via pumps. This is complicated and has some risks due to the use of fluorine gas for the uranium concentrator. The extremely high operating temperatures of the reactors also create challenges for material selection for this application, although no requirement for pressure containment helps. Thorium technology was developed by the US and is more than 50 years old

Introducing Small Modular Standard Designs from NuScale

A small company in Portland Oregon, NuScale, has come up with new concept in safe nuclear power. Their concept is to build small modular reactor units that are "mass produced" in a factory using an already-approved standard design. Quality control and inspection is much more manageable and construction costs are much more manageable at a factory that specializes in a standard module design. 

These modules are small enough to be shipped to site via truck, train or barge and installed below grade in large pools of water. The other advantages to this concept is listed on NuScale's website is: 

1. Each reactor uses natural convection for the cooling loops to eliminate the need for circulating pumps. The reactor fails-safe with no requirement for AC or DC power or emergency pumps.
2. Each module is immersed in a large pool of water that acts as a passive heat sink in a shutdown.
3. The standard design is now approved by the US Nuclear Regulatory Commission
4. Each reactor is about 9 feet in diameter and 65 feet long (tall) and arrives tested, inspected and ready to install.
5. Each module only contains 5% of the nuclear fuel compared to conventional plants.
6. Each module can generate 77 Megawatts. The standard plant designs include a facility with 4, 6 or 12 modules of standard design. All of these modules are installed in a below-grade single pool of water.
7. The water pool is large and can absorb all the heat from the reactors for cool-down.
8. Modular delivery can be by truck or barge.
9. No requirement to be connected to a power grid for start-up or shut down. It is impervious to EMP attack due to this isolation. (Obviously the produced power is fed to the local electrical grid.)
10. Each module contains a small fraction (5%) of the uranium found in a conventional plant.
11. The required emergency safety zone around the plant is only a 40 acre site, not the 10 mile radius required in existing nuclear plants
12. Site construction is substantial: a large below-grade pool to provide a heat sink for the reactor modules, piping to the steam generators, steam condensers, generators and a control room and workshops.
13. Eventual decommissioning is manageable since each module can be removed and shipped to a disposal site via rail, truck or barge.
14. Although the NuScale plant can be built with air coolers, it's more practical to use river or ocean water for cooling like the conventional nuclear (condensing the turbine exhaust steam and cool the reactor pool water).

Suggested methods for shipping components to site (and decommissioning):

Truck Delivery

 

Barge Delivery

Here's an image showing a cross-section of 12 module facility:

Cross Section Profile of the Containment Pool and installed Reactor Modules

Here's a short video (1:44 minutes) to show how these reactors work. Here's the link. 

Here's a 4:24 minute video animation (link found here) showing how the small module's are installed and fueled:

Here's another image showing a cross sectional view of the reactor and it's design features:

GA Democrat Senate Candidate Raphael Warnock Is Probably Another Fidel Castro Lover

What is with our black "leaders"?  They loved Fidel Castro. They gushed about Hugo Chavez for heavens sake!  It's not just American blacks, but blacks in Africa are very often under the sway of Marxism. The Marxist ANC is destroying South Africa and executing white farmers there as we speak. Obama was clearly Marxist in thought (don't kid yourself). He picked that up in Africa. It's just another reason that nearly all of Africa is a forever disaster.  

I've written a good deal about our black "leaders" lauding Castro and the horrible Hugo Chavez. They just LOVE their totalitarians! Geez. They really are a bunch of brainwashed idiots. Take a look at just a few of my posts:

 The Left, Michael Moore, US Black Leaders & Hollywood All Lauded Hugo Chavez and Castro

Socialist Paradise of Venezuela Burning; Obama and US Black Leaders Silent

From William Lind: "It is now virtually impossible to be a Democrat and not embrace cultural Marxism. The Left is plainly and transparently Marxists now"and have forever hated what is good and pure in America, in part because of black support of Marxism. So many of our Black "leaders" in this country are sympathetic to Communist leaders like Castro as if they are some kind of savior. Blacks like Obama have encouraged and "caused" this embrace of cultural Marxism by the Democrats.  See my post:  Democrat Nihilism: Anti-white, Anti-male, Anti-straight, and Anti-Faith

This is just another reason why the Media is Flooding Your TV with Black Faces and Propaganda,  It's to put non-threatening, middle class-appearing blacks in commercials and on TV to give you the impression that THEY ARE JUST LIKE US.  

Those raised in Europe ARE just like us. But many, many are not.  Many don't even want to participate in our predominant and prosperous culture! 

The non-Europeans have a very different culture that's not the White European culture. They don't understand "western" values that we take for granted. The 18th century Enlightenment passed them by. EVERY IMPORTANT INTELLECTUAL, PHILOSOPHICAL, CULTURAL, POLITICAL AND TECHNOLOGICAL ADVANCE PASSED THEM BY. ADAM SMITH PASSED THEM BY. EVERYTHING IMPORTANT PASSED THEM BY.  It continues to pass them by hundreds of years later. That's why so many US blacks have minimal prosperity, culture or hope.  

And the TV propaganda is used to "fool" the US electorate to allow the election of endless Marxist black politicians like Barack.

Now word is out that Senate Candidate in Georgia, Raphael Warnock was an assistant pastor at the church that welcomed Fidel Castro to thunderous applause in Harlem in 1995. 

Georgia Senate Democrat Candidate Raphael Warnock.

In 2016, Warnock was speaking as a Castro apologist at the same church calling Castro's legacy as "complicated" There is no way any black leader in this country that will clearly disavow Castro in public!  Here's the tweet:

WOW.

Two days after FIDEL CASTRO's death in 2016, Democrat Raphael Warnock called his legacy "complex," adding "kind of like America’s legacy is complex.”

REMINDER: Warnock's church hosted Fidel Castro in 1995 for a "lovefest." https://t.co/1Ym41zB954 #GApol #GAsen pic.twitter.com/5gKyuvd5vK

— Nathan Brand (@NathanBrandWA) December 9, 2020

50,000 Ballots Show up at Detroit Counting Center at 3:30 am (Were Due at 8pm)

A van full of ballots showed up at 3:30am Nov 4th at the Detroit counting center with at least 50 boxes of up to a thousand ballots per box. They were due to show up no later than 8 pm on November 3rd.  Nobody knows where they came from. There was no chain of custody. No transparency.  

What are the chances that it's nothing at all to worry about??  Remember that was the timeframe when counting stopped in all the battleground states simultaneously and allowed the cheating to occur at Philadelphia, Detroit, Milwaukee and Atlanta.

MICHIGAN: A van full of ballots showed up at 3:30am with at least 50 boxes of about a thousand ballots per box. Nobody knows where they came from. There was no chain of command.pic.twitter.com/52y5GB7uP5

— Alice (@themodalice) December 9, 2020

Tucker Carlson: Big Business, Wall Street and the Biden's are Compromised by China

pic.twitter.com/reenwuelHY

— Donald J. Trump (@realDonaldTrump) December 8, 2020

But not Trump. 

Kunstler: A Resolving Picture of the Election Fraud

Much as Chief Justice John Roberts would like to be the finger down the Deep State’s throat to trigger the up-chucking of Mr. Trump from the nation’s gullet, it looks like he won’t get his chance in the new 6-3 disposition of the US Supreme Court. So far, it is Justice Samuel Alito in the lead, preparing a landing zone for the President’s case against the state of Pennsylvania in its shabby-ass attempt to stuff its ballot boxes with iffy mail-in votes. I believe that case is going to be heard, and Justice Robert’s position will be moot.

The problem over in PA is that its Act 77 bill passed before the election by the state legislature to expand absentee balloting (i.e., mail-in voting) did not comply with the PA state constitution, and required a constitutional amendment, which never happened. Could be pretty cut-and-dried. While the SCOTUS is thought to be reluctant to intervene in state constitutional issues, a case involving federal elections may prove an exception. And then there are other issues with the states of Georgia, Michigan, Wisconsin, Nevada, and Arizona. A lot of electoral votes there.

The virtual takeover of US elections by the Dominion vote tabulation company was a stealth operation probably enabled by the connivance of scores of elected officials at both the federal and state levels — senators, congressmen, governors, and on down. It’s been going on for years due to the secrecy of the op and the complacency of the public, with a little help from the Democratic Party’s friends in the news media. Did money change hands? Potential criminal violations abound.

What on earth was Canada-based Dominion, with its grotty Smartmatic software — connected to Venezuela and to George Soros’s would-be world-changing Open Society Foundation, and very possibly to China’s ruling party — doing in charge of counting our votes? Perhaps serving something other than America’s national interest. We’ll soon find out in a way that will make a lot of heads explode.

An awful lot has been churning in the deep background for months before the election. Mr. Trump was onto the mass write-in vote scam enabled by the media-assisted hysteria over Covid-19. The wheels of genuine US intel against national security threats still turned in spite of whatever Deep State perfidy had been aimed at Mr. Trump himself from Day One in office, and the president made use of his own private counter-intel hackers to suss out the game — which was finally to overthrow him by ballot fraud. The result was Executive Order 13848 issued in September 2020, which specified foreign interference in elections as “an unusual and extraordinary threat to national security” and laid out some pretty stringent remedies.

The main one was a requirement for the top executive agencies — DOJ, DOD, Homeland Security, Treasury plus the Director of National Intelligence (Mr. Ratcliff) — to deliver an assessment within 45 days of the election. We’re now in the sweet-spot of that 45-day delivery period when something has to pop. Looks a little like the AG, Mr. Barr, has been dithering and wriggling painfully over this, and even making noises about resigning. But he may have already surrendered his credibility, with the foot-dragging of the FBI under Christopher Wray and the agency’s apparent lack of interest in election fraud. The consequences of EO 13848 will roll out with him or without him.

The real action was over at the Department of Defense, where the President hastily cleaned house this fall and installed the trustworthy Christopher Miller as SecDef, along with top aide Kash Patel and Joshua Cohen-Watnick as Acting Under Secretary of Defense for Intelligence and Security. Mr. Cohen-Watnick had been an assistant to General Michael Flynn, former Director of Defense Intelligence, in his brief tenure as National Security Advisor before getting sandbagged by Barack Obama and James Comey.

Both Mr. Cohen-Watnick and General Flynn are intimately familiar with the apparatus of Defense Intelligence, of course, and have been actively using it to identify DNC and Joe Biden activists who played a role in election irregularities as well as foreign actors. This wasn’t any RussiaGate type bullshit; it was the real deal. EO 13848 includes this provision:

The report shall identify any material issues of fact with respect to these matters that the Attorney General and the Secretary of Homeland Security are unable to evaluate or reach agreement on at the time the report is submitted. The report shall also include updates and recommendations, when appropriate, regarding remedial actions to be taken by the United States Government, other than the sanctions described in sections 2 and 3 of this order.”

The “remedial actions” are interesting. They include pretty severe sanctions against any “persons” (entity or company) involved in or enabling foreign interference in elections: attaching property in the US, blocking trade, and an array of financial restrictions and penalties. The EO does not spell out criminal penalties that might fall under the sedition and treason statutes, but expect these to be activated as the law provides. Quite a few political celebrities and figures in the news and social media may have exposed themselves to liability in this. If it doesn’t mean the end of Facebook or Twitter, it may spell the end of Mark Zuckerberg and Jack Dorsey running them. Also include the less-well-known execs at The WashPo, The New York Times, and several cable news networks.

Eventually, Mr. Trump will have to personally deliver the bad news to Joe Biden that he and Dr. Jill won’t be attending the inaugural ball on January 20 (live or on Zoom). Sound too wild to be true? Well, stand by on it. We’ll know soon enough.

2020 Election was Illegitimate: Bullies Chased out Republican Election Observers

The 2020 election was #NonTransparent by force. #Bullying to cheat. #StopTheSteal pic.twitter.com/qgF0lpJfkJ

— Dr. Kelli Ward 🇺🇸 (@kelliwardaz) December 5, 2020

Everything is Being Destroyed in One Generation: Our Culture, Our Country, Our Money and Capitalism Itself

Gee, do you think I'm a little gloomy this morning? 

Jim Chanos, an investor, said something the other day with regard to his short position in Tesla stock. He cut back his position in that company as it's shares have soared 800% this year in a new Tulip Bulb bubble mania in the US stock "market." Robinhood-ers have ironically made Elon Musk the 2nd most wealthy man on the planet by showering him with money! (Hey Robinhooders, you're not supposed to steal from the poor and give to the rich! Geez, can't we get anything right in this country??)  

We have the most manipulated, jaw-boned, fraudulent markets EVER, especially Tesla. Chanos said that we're in "The Golden Age of Fraud." It's so true and it applies to not only the stock market, but virtually every aspect of our country now: the lying media, the lying government, the lying Democrats/ RINOs, the phony election, etc.  

Our Golden Age of Fraud

With the election drama playing out, we're seeing some of the extent of widespread fraud in the recent election. It's really just a small part of the shocking and widespread dishonesty, cheating and depravity unfolding in our country. It's no exaggeration to say that we're losing our country in one generation. 

Ronald Reagan said that it was possible to lose your country in one generation. Mr. Trump who, with all his faults is, like Reagan, an elderly remnant of the Golden Age of America, when it was populated by the "greatest generation:" a generation forged by the Great Depression and the sacrifices of turning back the evil forces of fascism in WWII. 

Trump's a less polished version of Ronald Reagan but both championed the essential foundations of the unique cultural foundations of America: family, faith, freedom, immigration from Northern Europe (Yes, intelligent, cultured, self-sufficient, self-organizing white persons of faith), personal responsibility, small government, vibrant free-market Capitalism, the wisdom of a strong defense and sound education that include Civics(!) 

All of these values are under attack in this country.  And all we have left in the West is a golden age of fraud.

Our country's decline really started in earnest in the fateful year of 1971, when Nixon abandoned the Bretton Woods arrangement which linked the US dollar to gold. Almost immediately, a sequence of events began --- whose effects are now truly threatening our country. In my post, 1971: The Beginning of the End--Massive Monetary Disorder, I said the following: 

...in 1971, Nixon ended the [Bretton Woods] monetary arrangement which ended gold-backed money. It was done at that time to enable the government to run deficits to fund the Viet Nam war without raising taxes to pay for it. As an immediate result, the US dollar plunged in value and our national debt and inflation began to skyrocket. A falling dollar soon caused the oil exporting countries to sharply raise oil prices in 1974 igniting a budgetary and inflationary spiral.

Thereafter came decades of huge, unsustainable global imbalances in trade and debt, inflation, falling living standards, inequality, monetary disorder, instability, the rise of China, the Petro-dollar, endless wars, the massive military-industrial complex, a leviathan surveillance state, mega corporate monopolies, massive US government growth, government malfeasance and corruption, national de-industrialization, wealth inequality, the Eurodollar rise and fall, widespread US intervention and manipulation in nearly every global nation -- continuing to the present day--- All fueled by easy (unsound) money enabling out-of-control spending (debt).

Rising debt, budget deficits, trade deficits, financial asset inflation, repeated bubbles and the resulting instability (collapsing bubbles) and deep recessions have serially eroded our economy and culture since 1971 really, but especially since 2001. The result, in part, is that our society, our culture, our civic order, our work ethic, our moral bearings have all decayed and diminished due to ongoing economic stagnation for most citizens. Our social contract has also been torn asunder. It's not just in the US, but all over the world.

The perpetual trade deficits, enabled by unsound money, ultimately caused the rise of Japan and China and a major de-industrialization of the USA (and Europe) that continues to this day. This is called "Globalism" and is mostly responsible for lousy job markets and low worker pay in recent decades. More debt at all levels hid the evidence of that cancer for a long time.  And lower and lower interest rates also kept the game going for a long time. Other wreckage of the Extremes in Unsound Money and Finance:

We live in a time of nothing but massively unsound money and finance thanks to the failures of our Central Bank and the corrupted government. Even our current concept of money is completely corrupted. It's as if no one alive even knows or remembers what sound money or sound finance is. Maybe that's why there are somewhat regular society-wide and world-wide crises happen about every 80 years as described in The Fourth Turning by Howe and Strauss. (We're due for a major bust)

We have massive corruption in all elements of government and the moral and intellectual decay of our population. We have a massive and expensive surveillance state, weaponized police and government departments, massive wealth inequality, massive financial deficits and debt with nothing to show for it, bloated money supplies, a hollowed-out economy stripped of entire industries and well-paying jobs, corrupted and lying media outlets spreading nothing but political propaganda and persecution of Conservatives.

Everything in Washington is broken and failed. Nothing is fixed. Much of Washington is plotting to illegally and unconstitutionally overthrow the Trump administration and has been from (before) day one. Despite all the spending, our infrastructure and military has decayed. Our government is interfering with and manipulating virtually every foreign country -- yet half of our nation was obsessed with a largely non-existent influence of Russia in ours. 

It's all become this way because we are told nothing but lies by politicians, corporate chieftains, Big Media and other elites that everything is fine even though it's obvious that everything is broken. Only Trump was able to say the obvious truth much to the delight of one-half of the nation who were tired of lies.

The US financial system had a near-death experience in 2008 when the Great Mortgage Debt Fraud unraveled and the entire world financial system came to a standstill along with world trade. Even more extraordinary monetary inflation (debt) was applied (most notably from China) and things smoothed out. All financial markets soared thanks to more easy money (unsound money not backed by anything) but economic and wage growth slowed further leaving more people behind. 

The emergency measures of zero, negative or extremely low interest rates, and "quantitative easing" have been the norm since then.. But zero or negative rates continue to erode the very foundations of capitalism itself; hurting pension plans, the banking system, savers, insurers and retirees all while creating financial market bubbles which enrich the already-wealthy and perpetuating an increasing number of "zombie" companies--that should have failed. Internal and international imbalances (trade and debt) continue to build to preposterous levels. It is now known that all sovereign debt can never be paid back. Interest rates can never rise due to debt levels.

The end result of this chain of events listed above is economic stagnation for the bottom 80% of US citizens with fabulously wealthy top 1% and 0.1% who have made $100s of Billions in the fraudulent, bubbly equity markets that give the illusion of economic health. Meanwhile, poverty is expanding rapidly in most countries and in the USA. Wealth inequality is ominously back to 1929 levels.

Fast forward a few years to the Repo Crisis of September 2019, just last year, when multiple financial entities were failing here and/or abroad and were secretly bailed-out through a vast expansion Central Bank (Repo) money (at least 1/2 Trillion dollars). Read about it in my posts:  Rising Risk of Financial and Economic Chaos Part 1 and Rising Risk of Financial and Economic Chaos Part 2. 

To this day, no one is allowed to know which financial entities were failing and rescued by our Central Bank.  It's another crisis averted, but for how long??  The crises are becoming more and more frequent. The secrecy is a another problem in itself. 

From GSN Economics: "Central Banks, in their efforts to “save” the world economy since 2009, have created a monster: a dysfunctional, extremely-speculative and highly-leveraged financial sector. All that is needed for it to unravel are rising rates in an some important, if obscure, corner of the capital markets—just like the Repo-markets."

The 2nd Great Depression

Then in March 2020, after the Repo Crisis of 2019, came the extremely hyped China virus and government-enforced shutdowns of commerce across the world. More unsound money (debt) has once again saved the world, but now we're in the 2nd Great Depression with food bank car queues instead of soup kitchens. 

Food Bank Car Queues

It doesn't feel like it, with all our luxurious trappings, that we're literally living on borrowed time (and money). We're also literally at the edge of Revolution in the US and Europe.  We have the "appearance" of prosperity -- all funded by debt. After $3 Trillion of deficit spending and $4 Trillion of money created out of thin air at the Federal Reserve just this year alone, we now have an awakening of inflation (stagflation). The US dollar has begun to 'crash'. The stock markets are soaring to new highs as the economy is still in a Depression. Our wealthy and big Oligarchs are richer than ever. 

Young people entering the workforce are now unable to afford their own apartment or a house, a car, a college degree or their own health insurance based on $10 or $15 or even $20 per hour pay.  Hell, the only thing they can look forward to is an Uber ride and an I-Phone. It's no wonder why so many people are pissed off!  A young person today can be excused for considering Socialism as an alternative to our failed crony capitalism. Zero rates and big government spending/lending caused this.

Now, we're hearing calls for a "Great Reset' or "Build Back Better" or people begging for the highly deceitful and nonsense "Green New Deal." which are all nice-sounding slogans for an outright Communistic, Big Government takeover of our economy. It's all because our hopelessly corrupted capitalism is failing. But it isn't just capitalism that's been corrupted and is failing due to unsound money excesses, it's also massively corrupted big governments that are ruining everything: our society, our culture, and the true engine of wealth creation: capitalism.

But notice these recommended solutions slogans for the problems created mostly by big government is BIGGER, MORE FASCIST GOVERNMENT!!?  Huh?  The Green New Deal is an enormous Bolshevik Power Grab. It's Communism 3.0. It's what Klaus Schwab and the Davos crowd want for our country and the world. So far, they're winning. Only Trump and his supporters are in their way. Trump may be ousted in the most corrupt US election of all time giving the Davos crowd a green light to promote their communist "new world order" where you own nothing but you'll be happy.

That's where we are as a country. The presidential election is currently being stolen by shadowy, evil forces of the radical Left, who is nearly successful in seizing the Government here and has already seized the EU government. We're literally in yet another attempted coup against Mr. Trump (and the culture that he and his supporters unabashedly champion). Everything is a lie now. The corrupt media and Big Tech are leading the charge in manipulation and lying. We're a  "Nation Drowning in Lies: Massive Lies and the Largest Fraudulent Election in History."

Everyone is lying to you (as Communists always do). Judges, the Bidens and many corporations and government officials are paid-off by China's communists. 

Our country, a worldwide beacon of hope for 100s of years, is being destroyed at a breathtaking rate of speed.  Maybe it had to happen. Nothing lasts forever. If we aren't teaching our Constitutional, free market system to our young people, which we really don't have now, then we really are doomed.

Lin Wood Calls for Election Do-Over

WTPC Calls for Trump to Declare Limited Martial Law in order to have a new and FAIR election. I think most Americans would agree with this. I also think it's better for the country than the Supreme Court or State Legislatures determine the election outcome.

Here's a quote by super-lawyer Lin Wood:

Gen. McInerney Agrees With Me: Trump Must Crush Our Internal (and External) Enemies

General McInerney calls for martial law, tribunals & investigation of treason in a video at the website: Worldviewweekend.com

The general is fundamentally echoing my "radical" takes of our current situation and my (and other's) recommended remedies, please see my recent posts as follows:

• Only a Brutal Purge of the Left Can Save Us
• A Nation Drowning in Lies: Massive Lies and the Largest Fraudulent Election in History
• We're Literally on the Verge of Revolution --- Both Here and Abroad
• Marxism is Coming at Breathtaking Speed

From Mike Adams at Naturalnews.com, he gives a quick summary of General McInerney's comments. Brace yourself.  They are remarkably close to what I proposed back in August in my post "Only a Brutal Purge of the Left Can Save Us."

From Mike:

"General Thomas McInerney, who is openly calling on President Trump to recognize severity of the cyber war assault on America by invoking the Insurrection Act, suspending Habeas Corpus (as Lincoln did) and initiate mass arrests under military authority.

This call by Gen. McInerney, a highly-accomplished military veteran and loyal patriot, appears to be stemming from a realization that much of the existing government has gone rogue and is now colluding with enemies of the nation. State governors have gone rogue, court judges have gone rogue and state election officials have willfully engaged in coordinated, treasonous election rigging in order to achieve the overthrow of the executive leader, President Trump.

When government officials go rogue, and courts cannot be trusted, military authority can be invoked by the President, complete with mass arrests of treasonous actors, military tribunals that bypass the civilian court system, and the military seizure of all corporations that are actively working to undermine the United States of America. This would obviously include Big Tech and most of the left-wing media that has been complicit in election rigging and acts of journo-terrorism designed to plunge this nation into despair.

Further summary:

• What took place in America was not merely “vote fraud” but rather “cyber warfare.” These were acts of war against America, using cyber warfare weapons and techniques to overthrow the government via a rigged elections process.
• McInerney calls for President Trump to invoke the Insurrection Act, suspend Habeas Corpus, declare martial law and deploy the military to seize and secure all the voting machines.
• Six to ten states were coordinated via cyber warfare to change the outcome of the election. “These are treasonous acts.” Russia, China and Iran were also involved, adding to the treason.
• FBI and DOJ are completely AWOL on all this, not lifting a finger.
• Chris Krebs from CISA was lying when he claimed the election was “perfect.” This is “complicity to treason” and Krebs is part of the deep state.
• President Trump must declare a national emergency based on the EO from Sep 12, 2018, which names “foreign interference” in US elections.
• Trump should also invoke the Insurrection Act. He must suspend Habeas Corpus as Lincoln and FDR have both done in times of war.
• The Democrats, Russians, Chinese and Iran, have committed blatant cyber warfare against America.
• The President must “start arresting these people right away, [under] this national emergency. I would declare martial law.”
• Officials from five swing states were engaged in “pre-planning” of “treasonous acts.” Not just fraudulent voting, but treason. “They have tried to overturn this government.”
• Chris Miller is in place at the DoD because “the military active duty is going to have to suppress [Antifa and BLM].”
• The President should suspend the Dec. 14th Electoral College meeting, and the inauguration of the new Congress on Jan. 6th.
• Estimates that 85 million people voted for Trump.
• Military tribunals are necessary because the regular courts are not capable of sorting this out.
• The treasonous actors should be arrested and charged, subjected to military tribunals. This is the only system of justice that is capable of functioning without the current level of corruption.
• Suspend the inauguration until this election is fully investigated.
• We the People demand this action from the President.
• “This is the last free election we will have” if we don’t expose this election fraud. And Georgia’s runoff election will be stolen using HAMMER, Scorecard and Dominion voting machines.
• The Georgia runoff election needs to be suspended until the election fraud is fully investigated.
• “This corruption cannot be accepted. It is treasonous, and we must have a thorough investigation of it.”
• The President must support and defend the Constitution of the United States against all enemies, foreign and domestic. These are domestic enemies. “Like Stalin says, it doesn’t matter who votes, it matters who counts the votes.”
• America’s judicial system people don’t understand how cyber warfare works. So they are missing a real grasp of the crimes and acts of war being committed against the United States.
• “The ownership and leadership of Fox News is complicit in a treasonous act.”
• U.S. Marshals should have seized all the Dominion servers the day after the election and secured them as forensic evidence.
• People who changed votes in the machines should know that they will be prosecuted for treason and may face the death sentence.
• The government is tracking the conversions of ballots to votes. “That’s where the manipulation is coming in. We’re tracking that. We have that information.”