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Ukraine will also get F-16s: Fighter concession debate has begun – “In six months the Ukrainians will be trained” – WarNews247. Let’s see: tanks, guns, missiles, drones, and now F-16’s? Russia called war with NATO right.
Fed Dread: Measures of Suck
The Federal Reserve meets tomorrow. Rather than reading reports denominated in U.S. Federal Reserve Notes (colloquially “dollars”) we’re thinking their study of America’s future should be based on Pascal units. Because as this site explains:
“Pascal is the official SI unit for vacuum pressure and consequently widely used in physical sciences. One pascal is the force of one Newton per square meter acting perpendicular on a surface. Pascal is named after the French mathematician, physicist and inventor Blaise Pascal.”
Here all this time, you thought Pascal was all about a programming language. See how Big the world is? If you’re a non-programmer, be advised that…
“Pascal is (also) an imperative and procedural programming language, designed by Niklaus Wirth as a small, efficient language intended to encourage good programming,”
We firmly believe that Peoplenomics is a far better approach to National Managment than pure “dollarization” of everything. Because runaway financial fascination leads to things like over production (and the periodical boom/bust cycles) and a yoyo like experience of life driven into cycles of war and peace by resource demand and arrogant pricks in office which is a global phenomenon, now.
We think the Fed adjudication of economics could be best addressed with a simple “Ben Franklin Ledger”. First column heading?
“This Sucks” (N...Pascals). Opposite this column of measures would be a “This doesn’t suck” column. It will be mostly empty.
Our “Sucks List” includes: Inflation, China’s rise, Mexico’s Invasion, Goading Russia into War, Attacking Iran (but when you build bombs, people will get pissed and not sit idly by waiting to be offed), Overseas dependencies, and let’s toss in a dozen eggs because they’re hard at work making shoplifting fashionable. In other words: World mostly sucks.
Of course, the Fed cannot think in Pascal terms (even though it’s a useful data simplification tool). Because their sole purpose is to get money out of the hands of a Crooked Congress and into the hands of the even more Crooked Bankster class.
Monday Thought: Dump Dollars, Trade Pascals!
Down at the Repo Depot
Your Fed at work is revealed with a daily scan of Markets Data Dashboard – FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org). Where we read how the repos were at a low-level Friday.
Given the Dow futures were being measured in “Pascals” way over into the “Sucks!” column (-200-ish on the dollarized Dow futures) we would expect easy money soon come as our end of the month “Settle with the Devil” day will be today, or tomorrow. And we like to be short which explains our downside hedge placed near the close Friday. Seven minutes before the close.
Whee! How many minutes and how much “lunch money?”
Obama’s Ukraine War
Unlike copyright infringers, we like to give credit where due. In this case to Barack Obama for setting up the U.S. coup that toppled the honest government and installed the far-right Ukrainian government which then dicked-around with Russia’s water and power and thence to the loss of the Crimea which brings us to this morning’s Brink of WW III.
See, people have terribly short attention spans. Usually, the memory holes are big enough crooked warmongers can drive a Kenworth through. Something on the order of a T680 Next-Gen.
Here’s how the neocons, embedded into the pseudo-liberals, got their war set up: PolitiFact | The United States spent $5 billion on Ukraine anti-government riots before the U.S. backed coup to bounce an elected president. Now, remember who was president in 2014? A US-Backed, Far Right–Led Revolution in Ukraine Helped Bring Us to the Brink of War (jacobin.com).
The Progressive which I don’t often agree with gets a good star for The United States Is Reaping What It Sowed in Ukraine – Progressive.org. Which is echoed in other content around the web like the Cato Institute’s view: America’s Ukraine Hypocrisy.
Why’s no one else mentioning the foundation dug by :O who walks on water?”
Now It’s Biden’s War
Let’s see how he’s playing it, shall we?
We see hypocrisy as the inline media report stories like Short on time, Biden sought new Ukraine tank plan to break stalemate – The Washington Post. Thing is, Biden tries to demonize Russia, pretending he’s after Peace. Which is a crockashit more like starting a gun fight and then talking piece while swapping out your .22 boot gun for a long-magazine Glock 19.
The good news, but bad for the War Party, is that the lefty’s screed on climate is being tossed: Global carbon emissions forecast cut due to Ukraine war and Biden, says BP | The Guardian. Don’t you LOVE it when what goes around comes around? DUDE maintains balance even on disorderly worlds.
Meantime, Biden is the salesman for the Obama-based Ukraine debacle which continues to escalate even as Zelenskiy: Ukraine needs more weapons, faster. Yessir, a fine time will be had by all (*survivors) at the soon arriving Global Flash-Bake Sale.
Meanwhile, no one in the Oval took that HR Hiring seminar we recommended a while back. Because now we’re learning Biden’s Reported New Chief Of Staff, Jeff Zients, Linked To Allegations Of Fraud And Questionable Business Practices | The Daily Caller.
Questionable business practices? In this administration, what isn’t – everything from Corvette files, to sonnyboy’s NFT scammery. Yee gads. “Have a beach house and shut up, Ure.”.
Which country will bring back the draft first? Betting is officially open as US general: ‘British Army is not top-level force and can’t protect UK’ | Metro News. We are wondering how soon the Waracrats will offer up similar entertainment in advance of WW III – the extended play UHD version – which comes after the intermission after nukes hit Middle Lower Europe. Planning your own world war? Then you need cannon fodder and flash powder.
Flash Powder flashes: Iran plant: Israel was behind drone attacks, US media report | CNN. Remember, if you’re just returning from off-planet, the Big Game is Israel vs. Iran slow enough (drone pricks) in order for Russia to be goaded into tactical first use of Nukes. THEN Israel can roll the nuclear bunker buster to take out Centrifuge Central, and THEN China will take Taiwan and throttle America down. But up on the top-level of this 3D Chess fiasco, Russia will have grounds for first use as soon as the first depleted uranium anything (armor, bullets/shells) lands inside Russia. We figure that’s their “red line” because it would be the West tossing the first (dirty) nuke material. (Stunning insanity with such a nice interleaving layer with human reality, is it not?)
Spiral Gyros in the wings as Turkey continues to act more belligerent and the U.S. fans the flames: US warns citizens of ‘imminent’ terror threat to synagogues, churches in Istanbul | The Times of Israel. Keep in mind that war between Greece and the Middle East is coming over the Leviathan oil and gas complex. (Background, maps, and baseline info.)
And Ukraine not only used to have wheat, but lots of titanium and plenty of petrol, too. Oil lands in blue, getting it?
These are Resource Wars since the global “keep it in your pants” index is near zero self-control. Resulting in too many (and more stupid) people. Crumb-following going a little fast for you?
War’s (contrary to liberal quackery) usually have a “system of economics” woven in. At present, food, water, energy, and real estate comprise the key complex.
Back to point, what else is calendared? Ah! US House speaker McCarthy to discuss debt limit, spending with Biden. Crumpets and Crap sandwiches? Because neither side is desperate enough for a solution. High Tea in the Oval for our own aristocracy? Because, let’s face it, the thought of military retirement and social security checks being late is still on the hostage-taking list. We’ll see which gang of crooks goes for it! Bets on?
Stephen King Alert! This is genuine 100 percent FDA pure scariness for you! Biden Approval Rating Jumps As He Pivots Toward Center (investors.com). Sleepwalking to war followed by idiots who can’t think. (What was it Tony the Tiger said???) GRR-reat!
Postcard Incompetence Dept. (Look surprised, right?) DOJ ‘working’ to share info on classified Trump, Biden docs with senators: reports | The Hill. WTF is “working to share” supposed to mean? Tell you in simple terms: Ass-covering time is needed and plausible deniability studies and control files to consulting. Regular stuff in a sham Democratic Republic which has been taken over by a corporate kleptocracy owning the public bureaucracy of fumblement.
Fools and their Digitry’s are soon parted. But not until the market really turns sour, then $10,000 BTC ought to be a slam dunk. For this morning BTC is $23K plus a bit. Making today’s crypto note BTC Fear & Greed Index Eyes Extreme Fear to Signal a BTC Breakout (fxempire.com). We’re skeptical, but major wave four’s can be fugly.
Around the Ranch
Wow! My neighbor – who I just remembered had a brush grapple on his big tractor with the huge stump grinder on it – came by Sunday. Insisted he come over and both fix my tractor flat AND move the brush. Makes my life a lot easier.
“Shoot bubba, you don’t gotta pay me anything, I don’t want your money.”
“Check with your wife, or better, put a hundred on the table and ask if SHE wants it because you don’t need it. I figure that will be a different answer, but let’s test it. Howzat?”
This whole tree adventure has almost been like a Divine Guidance sequence. To begin with the same guy had quoted me a few hundred more several months earlier. Then he tossed in two additional trees for $200 a tree which was dirt cheap. Next, the job wasn’t supposed to be done until three weeks out. But no, a last-minute cancellation and “Mr. Ure, can we get you in tomorrow?” kind of thing. And THEN the brush moving will be done by my neighbor, a once Mercedes shop wrench for a dealership in Dallas. (Also a bodacious hunter, BTW. Totally great neighbor!).
Thing is, like reader Andy, sometimes you can’t help but appreciate the Grace of the DUDE to arrange things for you, just so, for a kind word of thanks. Thanks!
Rained Like Hell: a good part of the weekend. Six inches and some overflow in the gauge. And the local weather emporium up north of us has 3.85 inches for the month to date. Last January a year ago, we had an inch-and-a-half. No Sahara at least for now.
Breakfast and Markets and polishing of Wednesday’s Peoplenomics report which was roughed out while it rained.
Our Short Position Friday is green. To the tune of a 2.8 percent gain in the preopen. The “when to sell the short” will depend on how paranoid the talk gets about Fed increases. Believe it, or not, 2.8 percent for what’s likely to be only 35-minutes of market exposure ain’t a bad way to start off Monday. Seeing money go up ain’t that tough. It’s the timing of taking a trade OFF that tells the story at the bank.
Write when you get rich,