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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."
It's a public school. His boy is 11. Here's what he saw:
"To begin, the boys are treated almost as though they are defective girls. The feminine modes of interaction and socialization are treated as though they are the only legitimate modes of interaction and serve as the taken-for-granted way to properly interact and navigate the world. Almost all the authority figures at my sons school are women with almost no exceptions.
My son often comes home from school and expresses utter frustration at the fact that his preferred way of communicating, as well as the things that are aligned with his temperament are treated as though they were somehow inferior. As he is 11 (and being assessed for autism) he lacks the correct technical language to describe this, so it generally shows up as him getting in trouble for being insufficiently "gentle" and "kind" in response to various passive aggressive power plays and instances of bullying carried out by his more socially developed (often) female peers....
Monogamy isn’t cultural preference; it’s creational norm. Polygamy might appear in chaos, but it always deepens the chaos.
God’s design is simple and enduring: one man, one woman, one covenant… strong enough to build households that stand and kingdoms that last.
Polygamy offers no solution for modern America. We aren’t a nation of widows or war-torn refugees. There are sufficient men for women, and women for men. There’s no social necessity behind this new fascination with multiple wives. What we’re seeing is moral decay baptized in Christianese.
The men pushing it aren’t rescuing anyone. They’re indulging appetites trained by pornography and self-gratification. They’ve learned to crave novelty and call it freedom. The idea of chastity, loyalty, and lifelong devotion feels foreign to them, so instead of repentance they rename their lust “biblical.” They quote Abraham and Jacob but ignore the misery polygamy brought into those men’s homes.
It isn’t biblical ...
Dr. Robert Redfield was CDC director from March 26, 2018, to January 20, 2021. A few days ago, his memoir about his adventures in public health—Redfield’s Warning: What I Learned (But Couldn’t Tell You) Might Save Your Life—was published.
Some of the subjects covered:
U.S. government agencies and U.S. biotechnology are largely responsible for creating SARS-CoV-2, the causative agent of COVID-19
US agencies—especially Dr. Anthony Fauci and his virology pals—then perpetrated the most massive cover-up in criminal history.
The currently circulating strain of H5N1 bird flu, which is now infecting a wide range of mammals, may also be the product of Gain-of-Function research.
The current strain of H5N1 could be further modified in a lab to make it transmit efficiently among humans. This modified pathogen could be released on a farm with animals already infected with H5N1 to create the illusion that it evolved naturally to jump to humans.
