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Broken civilizations get rebuilt at the local community level as families, businesses, churches and small civil governments begin to learn what those local institutions can be. That is happening right now in the US, primarily in rural counties.

We explore real-life reformation here in this informed, online community.
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Only A Massively Rich Nation Like America...

Could be so massively bankrupt, says Bill Bonner.

"We have a mountain of debt... nearly $100 trillion of it... every penny of which is counted as an “asset” on the creditors’ balance sheets. Probably only about half of it is ‘money good.’ The rest may go ‘poof’ in the credit cycle’s downturn.

The safest part of this pile is US Treasury bonds. And yet, in gold terms, we’ve seen that they lost 30% of their value in the last four years... and 75% since 1999.

And we have a GDP that is largely fraudulent... with as much as half of it directed, controlled or be-muddled by government, rendering it unfit...

It’s not just Treasury bonds that pretend to have value they don’t actually have. All across the fixed-return world, there are unrecognized losses and make-believe wealth.

Here’s the FDIC warning:

'Unrealized losses on available-for-sale and held-to-maturity securities increased by $39 billion to $517 billion in the first quarter. Higher unrealized losses on residential mortgage-backed securities, resulting from higher mortgage rates in the first quarter, drove the overall increase. This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates in first quarter 2022. '

Banks were required to hold US Treasury bonds as ‘reserves.’ That, they were told, would make them more antifragile. But it did just the opposite. Treasury bonds proved to be a terrible form of ‘reserve.’ They went down, in nominal terms, by about 20% since 2020. In gold terms, they lost half again as much.

The banks also had plenty of private debt that went bad. They lent heavily to real estate developers and speculators, for example. But now, commercial real estate is not worth what it was a few years ago.

In addition to the loan losses, there are the losses on the collateral itself. Green Street reports that the ‘all-property commercial index’ is down more than 20% since 2021."

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After the Declaration was signed...

...there was a sober silence in the room. Samuel Adams, a key figure in the American Revolution and a signer of the Declaration of Independence, spoke up to say,

“We have this day restored the Sovereign to Whom all men ought to be obedient. He reigns in heaven and from the rising to the setting of the sun, let His kingdom come.”

Ruling Class Self-Interest: More War

Colonel Douglas MacGregor predicts a continuation of the Iran war soon, once all sides have replenished missile stocks.

"Washington’s political class manifests much less regard for the long-term strategic interests of its own citizens—their security and prosperity. As a result, Washington pays an exorbitant price in reputation and treasure for policies that confront Palestinians with the choice of death or expulsion from their homelands.

"Assumptions of tacit acceptance or rapid capitulation are implicit and dangerous.

[The Muslims will not 'do a deal.']

"When Hitler was briefed on the expected Soviet reaction to Operation Barbarossa, Major General Ernst Koestring, a Prussian officer fluent in Russian from a family that had lived in Moscow since the reign of Catherine the Great, advised: “Initially, German forces will advance rapidly. The various peoples on the Soviet periphery will likely welcome the German forces. Resistance will be weak. But when the Germans advance into ...

The British Are Acquiescing to Their Own Demise as a People

"No European nation can remain itself without a living link to the Christian faith that formed those nations."

Rod Dreher on why England is over

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