Another way to break out the US. A tale of regions.

. . . in a World of Unlimited Credit?

Total Consumer Credit

Revolving Credit

Credit Standards

Non-Revolving Consumer Credit

Student/Car Loans

TRY TO IMAGINE THE SCALE OF THE DEPRESSION IF ALL OF THIS WERE TO STOP.

WHICH IS WHY THEY CAN’T RAISE INTEREST RATES — WILLINGLY.

Anyone surprised?

. . . Have Long-Term Symptoms.

Among them, disappearing BRAIN MATTER and cognitive decline worse than in some stroke patients.

No one should underestimate the dangers involved with this.

Here’s the rest of it.

Third of People Infected Have Long Term Symptoms

And it’s not at the point of maximum opportunity.

There’s none in your dollars. Nor any gold. And what is Bitcoin but a digital pulse that unlike other digital pulses has been ASSIGNED A VALUE. Arbitrarily

Metals at least have properties.

I will grant you that whatever value crypto has may come from it being part of the blockchain DELIVERY/STORAGE system — but as a STORE OF VALUE?

Nope, I don’t see it.

She’s fighting for free speech at NYU.  May she make an impact!

Endangered Free Speech on Campuses

A few excerpts from the piece:

• “From the moment I stepped foot on campus at NYU three years ago, I’ve been taught that there is right-think and wrong-think. Everywhere I look, professors, administrators and peers all fervently parrot the same beliefs.”

How ridiculous on a college campus.  Defeats the entire purpose of a university education.

• “I have sat through orientation events that were highly politicized, assuming ‘community values’ of radical progressivism — values I don’t share.” 

This is Chinese Cultural Revolution level suppression.

• “Today’s students recoil at the first hint of contention and demand insulation from controversial ideas. But, in the process of bubble-wrapping themselves, they undermine the very purpose of their education: the exploration of self that is paramount to intellectual maturity.”

What a generation of sissies we’ve produced.

• “This frightening climate has led to a crisis of self-censorship. This isn’t just my anecdotal hunch. Statistics reveal that there really is a silenced plurality, if not majority, across campuses nationwide. In fact, a 2020 survey revealed that nearly two-thirds of students feel the academic climate prevents them from expressing their beliefs.”

Paine, Rousseau and Jefferson — to name only three — must be rolling over in their graves.

WHAT A SILLY, SILLY COUNTRY WE’VE BECOME.

And yet, it’s a potentially FATAL silliness.

If we continue like this, the Chinese will PICK OUR BONES.

How for the average person the RISK PARADIGM has gone PEAR-SHAPED (I love UK expressions) from what it was in the 1970’s.

Graph courtesy of Charles Hugh Smith.

Here we go again.

For some of the country, it’s been cooler . . .

But it will now get warmer . . .

So, is there a broader takeaway from this? Absolutely.

THE WARMER IT GETS VIA CLIMATE CHANGE THE MORE FOSSIL FUELS WE’LL USE TO COOL OURSELVES WHICH WILL ONLY ENSURE IT GETS WARMER STILL.

Want to save the planet?

TURN OFF YOUR A/C.

Liberals and environmentalists — ARE YOU LISTENING?

. . . as is much of the rest of Asia.

China Doubles Down on Coal

Remember, folks, — if CHINA DOESN’T BUY INTO GREEEN . . . GREEN WON’T WORK.