We’re Not Ready for Mass EV’s

There aren’t enough batteries.

The World Will Run Out of EV Batteries by 2025

Just because climate change is BEARING DOWN ON US, we don’t get to magically think our way out of it.  Besides, climate change is already here, and the body blow we’re already destined to take will be both SIGNIFICANT and COSTLY.

There’s no ESCAPING this problem, only MITIGATING  it.  And to do that, we can’t DREAM UP MAGICAL SOLUTIONS.  We can only move as fast as we can move.

And I mean REALISTICALLY.

Emerging Market Update

For those who invest in EM’s, some news:

The pace of vaccinations is slow.

Tourism remains a key source of income.

Commodity prices and capital flows have managed to hold their own.

Currencies are outperforming.

Current vulnerability heatmap says it all — if you can decipher it. This takes some study.

Government debt has risen.

Debt levels breakdown.

Foreign currency debt: government vs. corporate.

Trade positions either improved or deteriorated depending on the country.

Interest rates are increasing in some markets.

EM vulnerability ranking.

Have fun analyzing this!

Pento: Disinflation, Deflation and Depression

Sounds like a bearish law firm, right?  But, in fact, this is a first-rate interview as have been ALL of Adam Taggart’s since he started his WEALTHION site.

Pento sees both fiscal and monetary cliffs in January 2022 when all forms of pandemic-induced sugar highs cease.  Will the Fed then just go back to BULK STANDARD QE?  Not necessarily, says Pento, arguing that at some point, something has to give.

We should know in 6 months.

A Market Implosion Is Inevitable

Police Go Where the Crime Is

What comes of BLM, CRT, the 1619 Project and, lest we forget, a) Wall Street Liberals and b) helicopter parenting in places where one NEVER sees a black person.  Places I call WHITE LIBERAL EMPATHY INCUBATORS.

All TALK, no WALK.

And you say you need facts?

Check out these.

A Third of Americans under 35 Want to Abolish the Police

Yeah?  Because woe on Democrats in swing districts at the midterms who don’t get how stupid abolishing the police would be.

As the clip makes clear, POLICE AREN’T THE PROBLEM, RACISM ISN’T THE PROBLEM.

CRIME IS THE PROBLEM.

Jordan Peterson on God, Consciousness

Riveting conversation between Peterson and interviewer Andrew Klavan.

While it starts out on the subject of the Left’s HATRED of Peterson, it amps up measurably with a profound exchange on the nature of a) the IDEAL, i.e. God and b) subjectivity vs. objectivity and the nature and limitations of consciousness.

For those who love this sort of thing, YOU WON’T BE DISAPPOINTED.

Jordan Peterson on God, Why the Left Hates Him

Margert Hoover Interviews John McWhorter

I consider almost all of the video interviews I post here as ESSENTIAL VIEWING.  But this one STANDS OUT as a DO-NOT-MISS-DIRECTIVE.

Margaret Hoover is, at once, amiable, incisive and concise, while in John McWhorter, we have the MOST ERUDITE and PROBING of that crop of talented BLACK PROFESSORS now speaking out against the ABSURDITIES of CRT.

Firing Line: John McWhorter

Some previews of what you will see and hear here:

  • Contrary to what MANY believe, McWhorter, a linguistics professor at Columbia, REMAINS a LIBERAL DEMOCRAT.
  • But to the MILLENIAL WOKE LEFT, a LIBERAL DEMOCRAT as defined in 1960 is today’s RIGHT-WING CONSERVATIVE.
  • Most blacks are largely in tune with McWhorter’s political self-definition.
  • CRT morphed from a) obscure theories devised by frustrated legal scholars who saw themselves as “disenfranchised” into b) a blunt instrument used in the schoolroom that argues — and in an extremely one-sided and over-simplified way — that whites are racist oppressors and blacks, their victims.   (TUDOR PLACE: End of story, discussion or refutation.)
  • Structural racism is an ambiguous term used to “explain” why more whites get ahead.  (TUDOR PLACE: It’s also ALL-ENCOMPASSING and ADMITS OF NO RIVALS.)
  • Racism DOES EXIST, but it is vastly exaggerated.  (TUDOR PLACE: Truly, when have blacks in the US ever had it this good?  Sorry if that sounds racist, but the answer to the question is NEVER.)
  • Much of what racism DOES EXIST involves the TRAJECTORY OF YOUNG BLACK MEN.  Too many are either in prison or only semi-employable.
  • Yet, teaching white people NOT TO BE RACIST is not the way to solve this problem.  That would be to END THE WAR ON DRUGS as the black market in illegal drugs is the main source of criminality in black neighborhoods (TUDOR PLACE: And, hence, ENORMOUSLY COLORS BLACK CULTURE.)

That’s the general overview as presented in the earlier part of the interview.  The following points explore how CRT a) went MAINSTREAM and b) resulted in the current significant backlash.

  • It became a central feature of pedagogy.
  • Whites are oppressors and blacks oppressed.
  • Whiteness is potentially evil.
  • Blackness means to “be on guard.”
  • Battling power differentials is the central reality.
  • Making schools into anti-racist boot camps is a strategic necessity.
  • If you don’t accept this racial reckoning, you’re a racist.
  • Any imbalances between whites and blacks is evidence of racism.
  • Blacks perform poorly on tests because testing is a racist practice.
  • Ordinary people don’t want their children going to anti-racist academies.
  • Is the actual racial situation as bad as it’s being portrayed?
  • Does the problem that’s purportedly being addressed actually exist?
  • On the Left, CRT is the cornerstone of a religion of battling power differentials.
  • On the Right, it’s seen as just one more example of LIBERALISM RUN WILD.

McWhorter concludes by asserting that NO WORD SHOULD EVER BE CANCELLED.  And, yes, he’s referring to the magic-taboo N word.  For, as he puts it, cancelled words are treasured and then secretly used.

For some, language policing is just SUCH FUN!

The QE Dilemma

Excellent piece on the financial HEROIN of our time.

How the World Got Hooked on Magical Money

Since many say it can never end, we know that once it does — AND IT WILL — it WON’T END WELL.

Here, as I see it, are the piece’s key points:

  • “It is delusional thinking for anyone—left or right—to imagine that there is a safe way to kick the QE habit under a chaotic global financial system which has such a thirst for it. In the end, there is no way out other than to do what Roosevelt did in the aftermath of the Great Depression and the Second World War, and transform the international financial system itself.”
  • “Note that this whole system avoids reliance on the social construct of credit, upheld by trust and enforced by law, which traditional banks had to work within. Instead, the system is one of deregulated exchange in which cash is simply one more commodity—no more regulated than any other.”
  • “The only way to call time on QE, if that is what we truly want, is to deconstruct and then reconstruct, regulate and stabilize the whole financial system, so that the extraordinary privilege of credit creation is always balanced by a responsibility not to take undue risks.”

Don’t be surprised if it all just CRASHES.