Time to “hit ’em and get ’em” for another week. Like Monday, I rolled out today, did the “morning stack” of anti-aging vitamins, brewed a pot of Kona blend, and began to plot my way through the maze of the week ahead.
Back in the Saddle
Wall Street doesn’t climb a “Wall of Worry” as many have supposed (and mindlessly parroted). No, Wall Street reflects an unstable formula of free money. Many variables to it, though. The Fed is still printing $1.5 trillion a year in “made-up” money to cover the budget deficit the incompetent (and did I mention democrat? ) House made up?
Then there’s a run away presidency: open borders and now buying Iranian oil – strictly against the law – after hammering the U.S. coal industry, axing pipelines, and driving a stake through American Energy Independence.
Now, toss in the cryptos with their back-alley Game of Fools. Where the weekend saw excursions into the $33,000 range with noise trading driving up to $36,331 when I looked earlier.
If you haven’t been playing the modern analog to Tulip Mania in the 1600s, take comfort is not being the (dumbshitz!) who bought Bitcoin when it was over $64.000. Better to miss a potential gain than book an actual loss.
Ransomware Outlaw’s Beef
Since we’ve got a Western motif going today, let’s look at the Wild, Wild West of the Internet where the crypto rustlers have hit JBS – one of the world’s largest beef suppliers. In case you haven’t “herd” here are a couple of starting points:
- World’s biggest meat supplier JBS hit by cyberattack at its Canadian and Australian facilities | Daily Mail Online
- US Subsidiary Of Meat-packing Giant JBS Hit By Cyberattack (ibtimes.com)
The Big Media Lie?
You will, please notice, that the MainStream (sell-out) Media has failed to point out that ransomware attacks like this are all made possible by what?
See: If there wasn’t an untraceable, off-books, way to collect, there would be no “ransomware” because the perps are in this to make money.
When an outfit like Colonial pays a ransom, the programming collective doesn’t call out for hookers, pizza, and booze. Well, maybe a little…
No, they add outlaws to the gang. And next thing you know, what happens?
Didn’t you EVER learn anything from all those stage coach holdups in Western movies?
All sets the stage to make cryptos illegal (globally) unless it transits a government clearing house where (my, ain’t this gonna be convenient?) income and VAT type taxes can be levied.
I swear, people run out and play in the street without looking ahead!
Free Cure for Stupid Reporters
Most reporters are – reflective of the general population – not especially bright. It’s where average comes from. They report all stores from the “If…” standpoint.
As in IF it’s bad for the economy, like cryptos, expect a rush.
Missing is the logical THEN statement.
As in “IF cryptos are bad for the economy, THEN policymakers will “appease the moneyed interests.”
And that gets to the Capper: BECAUSE.
Which looks like “IF cryptos are bad for the economy, THEN policymakers will “appease” moneyed interests BECAUSE there’s a payoff or reward in the system for them.
Statistically, most of your friends are too stupid to tie-back the Beef ransomware to the Crypto payment of ransom. I just happen to be a “steak-holder” lol.
Climate Lies Fade
We don’t believe Joe Biden is self-aware enough to realize he (and the whole U.S. Congress) has been lied to about Climate Change. Yet.
But, as a non-partisan (who owns a legit tree farm and 32-solar panels and is a co-gen operator selling back to the grid) surely Mr. B has to see it? Maybe not.
See: Killing Coal was supposedly to Save us from Climate Change.
Let’s review some recent data, shall we?
- Record-cold temperatures grip Northeast Memorial Day weekend (msn.com)
- Cold high temperature recorded for Harrisburg on Saturday breaks 31-year-old record – pennlive.com
With those two “get-started’s” we then move on to some useful (IF) questions.
Like What would the beginning of a New Ice Age look like? IF… World expert on this is Robert Felix, author of the best-selling book on point: Not by Fire but by Ice: Discover What Killed the Dinosaurs…and Why It Could Soon Kill Us.
Then, take the time to read what he posted on the Ice Age Now web site this weekend: Record cold across Northeast dating back to the 1800s.
And in a post by Ray Kraft on the same site, pay attention to the long-term data chart in Temperatures have been FALLING for the past 8,000 years – Ice Age Now.
Fact is, Climate has been changing forever. No need to tax, no need to single out the U.S. We have bigger issues. Like the domestic insurgency…
The Woke Joke
This just keeps getting better: that is, if by “better” you mean deepening racial divisions in the insurgency formerly named America.
As we have been warning, where does “White shaming” lead? Try this on for size: ‘Kill everything white in sight!’: Shocking footage from ‘National Black Power Convention’ emerges online from over at The Post Millennial.
By the way, also on point: Black Lives Matter St. Paul Founder Says He ‘Resigned’ After Learning the ‘Ugly Truth’ (in theepochtimes.com). File this under “As we’ve been saying…”
The Slo: Pickpocket
The (yes, still socialist, still giving slow Joe and the Kamunist a free pass because it’s what domestic Marxist media does…) Mainstream Media is trying to talk-over the Bidenista plans to invoke a retroactive capital gains tax.
Nutty? You bet. But don’t call out Slo on this: Biden Budget Calls for Retroactive Capital Gains Tax Hike says theThinkAdvisor.
OK, facts are in there. But what about the “papering over?” Try: Financial advisers say Biden’s retroactive capital-gains tax hike gives them wiggle room. We will all need to be more Trump-like? Help!
Pretty quick? We can see the elements of the Slo Joe $6-billion dollar budget blocking out like this to “balance the books” on runaway spending:
- Biden Banks on $3.6 Trillion Tax Hike on the Rich and Corporations – The New York Times over the weekend)
- And the Fed’s money printing escapades ($1.5 trillion).
A little early for the pencil, my back of the envelope says $5.1 Trillion of revenue right there. WHAT??? ViseGrips on the forearm! Stat!
What? Cause and effect: Currency Wars Return: China Hikes FX Reserve Ratio For First Time In 14 Years In Bid To Weaken Yuan.
Naturally, the Hype in the pre-open assumes everyone is stupid and can’t read the tax hike story. As usual, when running cattle, they’ll put in the corner posts (we call ’em pull-posts out here on the range). Then, the “wiggle room” will be “amended out” in 5-6 months. Thus, a low-pain threshold thanks to complicit media. Max tax with hidden facts.
But hell, don’t take my word for it. Sit back and watch.
This morning the Dow futures were +190 and the S&P +18 and change. Stupid is as stupid does.
Wars? What Wars?
Two decades I have been writing about the Manufacturer’s Resource Wars. Yet who sees ’em?
Take Ukraine, for example: Besides the Dnieper Petroleum basis, Ukraine’s about strategic pipeline routes. Knowing this, After launch of Nord Stream 2, Russia to disconnect Ukraine completely from transit to EU – Zelensky (interfax.com.ua) will make more sense,
Which is why, with Russia’s massive maneuvers along their border, Ukraine to hold air defense military drill – Xinhua.
Now that we’ve gone and mentioned China’s axe-grinding? Two items over Taiwan to put in your pipe: No Water No Microchips: What Is Happening In Taiwan? (forbes.com) and Taiwan is right in the center of U.S.-China battle for tech supremacy, says Alastair Newton (on msn.com).
Let’s do one of those IF-THEN-BECAUSE look-ahead’s, right?
IF you are China and IF Taiwan as assets like chip-making capacity THEN you hide behind reunification BECAUSE you get a two-fer. One is cutting the U.S. off at the Chips and two is getting them for China.
Toss in the resources in the Middle East (and that HUGE petroleum reserve off Israel and Lebanon, with Syria owning the pipeline blocking position north from the Tamar and Leviathan fields) and it’s all crystal clear. Despite the saber rattling neocons in the State Department, any fool can pencil ahead a few years. In a word? Trouble.
Although we don’t need to wait. Just wake up and count: Decade of Syria war killed nearly 500,000 people: new tally (msn.com).
Mish-Mash and Trash
Doesn’t matter outside Texas, but: Texas Democrats leave House floor, effectively blocking passage of restrictive voting bill for now. Except that now the Governor, Greg Abbott is hinting he won’t pay lawmakers who leave and don’t work…which is what taxpayers (like us) pay for; Not walkouts. A kind of sneaker ransomware?
Since we like electric vehicles, this caught our eye first thing: World’s Breath-Taking Foldable Electric Bike: Svitch Bikes | Newswire. No pricing, but we’re thinking they won’t be free… 80-mile range is useful, though.
Algorithmic charge control – a field I was once intimately involved in – is moving along: Xiaomi’s Latest Technology Can Fully Charge A Device In 8 Minutes (ibtimes.com.au). Eventually, it will get to quick-charging electric bikes and vehicles. (I’d wheel out the whiteboard for a discussion of thermal limits of high voltage charging. But the short answer is temperature control to prevent thermal runaway is the “secret sauce” in this technology.)
If you think the U.S. has “lost it” consider this: Steven Seagal Joins New Pro-Kremlin Party – The Moscow Times. Could the remnants of an American Middle Class link to the re-emergent Middle Class in what was once a “worker’s paradise” and leap-frog the follower class in politics? We won’t even ask how you can go from being a Reserve Deputy Chief in Jefferson Parish, Louisiana to being a naturalized Russian citizen…though it would be an interesting convo.
The Vatican ought to sue: Seems their “population wins over time” concept has been expropriated as China Eases Birth Limits To Cope With Aging Society.
Grin and Bare It, maybe? National Smile Day 2021: Quotes To Elevate Mood.
It’s Job Week: ADP tomorrow, Challenger job cuts and new unemployment claims Thursday, then federal numbers Friday. As always, our focus will be on total number of people actually working…
Peoplenomics tomorrow lays out how “woke” in America is filling the same marketing/social-manipulation scheme as the Red Guards filled in China’s Cultural Revolution. We’re just not aware of the framework being used.
On that note, another swig of Kona and off to the day’s task list.
Write when you get rich,