The horizon is not so far as we can see, but as far as we can imagine

Month: May 2022 Page 3 of 4

The Fed Wants To Crush Wages So Corporations Can Price Gouge

There are multiple sources of inflation. As a friend once said, one man’s inflation, is another man’s pricing power.

Right now we have a situation where inflation is caused by (non exhaustively):

  1. Disruptions to the supply chain.
  2. Lots of dead and disabled workers (over a million dead in the US, who knows how many disabled) leading to a tight labor market in some countries.
  3. Sanctions on Russia (food, fuel, minerals, which feeds into other things, plus disruption of the dollar hegemony system.)
  4. Massive price increases by corporations above their costs, to increase their profits.

I’ve seen estimates of about 50% for corporations simply increasing prices because they can, even though their costs haven’t risen that high.

What does the Fed think should be done about inflation?

Chair Powell keeps mentioning the relationship between the high level of job openings and wage/price inflation,” Nicholas Colas, co-founder of DataTrek, wrote in a newsletter on Tuesday. “He’s not talking to investors. He’s talking to corporate America, and his goal is to have companies essentially institute a hiring freeze and end the cycle of paying up for new hires.”…

…“The Fed’s goal is to convince corporate America to enact a short-term hiring freeze, and it will keep raising rates and talking about aggressive monetary policy until that happens,” Colas wrote. “Lower stock prices are his way of convincing C-suites and boards to do that.”

“Chair Powell mentioned the ratio several times at last Wednesday’s press conference,” said Colas, who said job postings need to drop from 11.5 million to around 8 million to get to normalcy.

The only way to get there would be some sort of freeze from companies.

Since 1979 the only type of inflation pressure either the Federal Reserve or legislatures have been willing to recognize is wage-push inflation.  (See HERE for a long explanation of how the Federal reserve crushed wages with wage push inflation measures.)

This is why, for going on 43 years now, workers wages have not kept up with GDP, most people can’t afford to buy a house, rent is thru the roof, and people die due to medical care costs.

But the way to deal with companies increasing prices faster than their costs isn’t to stop employers from hiring, it’s to institute an excess-profits tax, where companies that are making a lot more than they did before the pandemic simply have it taxed away. Granted, that would take legislative action, but the Fed isn’t even calling for it, and the Fed has a powerful bully pulpit.

You could also aggressively act on anti-trust concerns and break companies up so that they have competition: they can raise prices in large part because they are unregulated oligopolies who raise prices in lockstep.

Those are legislative actions, but the Fed is the main regulator of banks and brokerages and could stop loans from being given to firms buying up the housing and rental supply and jacking up prices. It could encourage the government entities which guarantee housing loans to put conditions which disallow rent increases beyond a few percentage points, and not allow large numbers of homes to be owned by corporations.

There are certainly other steps which could be taken, but the point is that the Fed isn’t pushing anything but “don’t hire and don’t give raises”.

In tight labor markets wages should rise. That’s good. If every time there is a tight labor market you squeal about inflation then hammer the economy into the ground to kill wages, of course people’s wages will fall behind, and if that’s substantially the only thing  you ever do to deal with inflation for over 40 years, of course wages will be hammered.

If, at the same time you run policies which cause massive inflation in housing, rent, and medical care (and now food), well then, ordinary people will be screwed because those are things they must have, no matter the cost, so if they can pay they have to.

What the Fed is doing, in other words, is class warfare, the same as everything of significance it has done since 1979. People will die because of this and become homeless.

As for Congress, well, increasing taxes on corporations is unthinkable to them, so I guess people dying and becoming homeless and so on is their preferred outcome.

Might want to go demonstrate at the houses of key Congress members and Fed Reserve members too.

And remember, much of why the labor market is tight is because they let a million people die and probably millions be disabled by not handling Covid, It was noted near the beginning that the Black Death caused an increase in wages and that Covid might do the same.

It has. Now, on top of letting you die, they want you to not get wage increases, so that corporations can make huge profits and the rich can get even richer.

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The Democratic Bargain, Abortion and Responsibility

The Problem With Aristocrats Is That They Inflict What They Can Never Suffer

— (someone else, can’t find the original)

The democratic bargain, or really, the bargain of all civilization that is worthy of existing, is based on the idea of resolution of conflict by means other than violence. Band level hunter gatherers are much more egalitarian than we are, and are generally better off on most metrics than anyone except industrial age humans (who they are still better off than in terms of free time, equality, dental health and female hip width) but they usually have higher levels of violence than we do.

Early civilizations were also shockingly violent and extremely cruel, both to their own residents (not citizens, residents) and to those nearby. “An eye for an eye” wasn’t even the law: punishments for crimes were often excessive, feuds were common and often lead to far more death and suffering than the original crime being avenged.

In civilizations and especially in democracy, at least in theory, the idea is that we give up our private right to determine what is right and wrong and especially our private right to take justice into our own hands. In exchange we avoid the evils of vengeance and feuds and reduce the amount of internal violence. (Native Americans might not think that British democracy reduced violence, though, note, nor did Rome’s neighbours think Republican Rome reduced violence towards them.)

In Democracy we elect people to make and enforce our laws, and to implement policy. This is based on the idea that people we elect will act largely in the interests of society as a whole, and thus that more people will be better off. Because it is impossible to make policy or laws without harming at least a few people, those who run society are supposed to be disciplined not by violence but by legal means and thru the ballot box.

However, representative democracy (not direct democracy, which has other failure modes), especially when combined with capitalism, tends to fall into oligarchy. There are multiple forms of oligarchy, an oligarchy isn’t always rich, but under capitalism those with the most money tend to form the core of any oligarchy, even if it has some sort of base in the population. There would be no right wing in America of the current sort, or the world, without the massive financial support of the Koch brothers and other extremely rich individuals.

The end result of this is governments which act against the interests and desires of the majority. The Princeton oligarchy study found that, for all intents and purposes, the opinions of most of the American population have no effect on legislation.

Oligarchies are a form of aristocracy, and aristocracies have three fundamental principles:

  1. Aristocrats are the best people and deserve their wealth, power and privileges.
  2. Aristocrats as a class should never lose their power; and,
  3. Individual aristocrats should never be held responsible for their actions unless they harm other aristocrats or their interests;

There are two issues here.

First, democracies which become aristocratic oligarchies stop acting in the interests of the majority.

Second, the members of an aristocratic oligarchy don’t suffer what they inflict.

For well over 40 years now productivity and wages have not risen together, for example, where before they did. This is a direct result of policy, both legislative (massive tax cuts and regulatory changes) and monetary, central banks acting to “control inflation” by suppressing wages on theory that “wage push inflation” is the only important type of inflation, while also acting to increase asset prices held by the rich, like stocks, bonds and real estate.

Likewise, starting in the 70s many types of drugs were made illegal, but the rich don’t tend to be arrested for doing them, either because their drugs are legal, or by simple lack of enforcement, as with the widespread use of cocaine amongst elites in the 80s and 90s.

I recently read someone claiming that Federal Reserve members had “skin in the game” because they had to live in America, which is a massive misuse of the idea, akin to saying that Jeff Bezos and workers in his warehouses both have interests in common. Well, sort of. Or that just because they are Americans Bill Gates and homeless person both have skin in the game.

Yeah, OK. And the Queen and Boris Johnson have skin in the British game, just like food bank users and people who die from NHS cuts.

In 2008 there was a huge financial crisis, starting in the US, but spreading thru much of the world.

It was caused by the actions of executives in the financial sector and as a result, essentially every brokerage and most banks were, had they taken their losses, bankrupt. If the normal course had been allowed, they would have lost all their money, and thus their power

Aristocrats, as a class, must never lose their money or power. (Money is power, in our societies.)

The Federal Reserve and the Treasury department stepped in, with some legislative help, and saved them. The cost for saving them was, at the time, for America alone, something like 20 trillion dollars.

Some ordinary people were bailed out, but the vast majority weren’t.

Later, when banks foreclosed homes because of the financial crisis’s fallout, they fraudulently signed legal documents, en-masse, stating that they had title to the properties they were foreclosing. They were allowed to foreclose anyway, and they were not prosecuted for this clear crime.

Democracies which become aristocratic oligarchies stop acting in the interests of the majority.

As for the crimes which lead up to the crisis, of which there were many, most of the bubble, especially in the last two years, they were not prosecuted, but instead they were fined for amounts less than they had made, thus immunizing them from criminal penalties.

Aristocrats should never be held responsible for their actions,  unless they hurt other aristocrats.

The one major prosecution was of Bernie Madoff. Madoff had victimized out members of the elite, not the general public.

So, the system operated to save the rich and powerful and when saving them was in opposition to saving regular people it not only didn’t save them, it allowed the rich and powerful to victimize them further.

Much of this was illegal by the law at the time, but a lot of it was legal. Aristocracies make laws that favor those in power. They create policies which favor the already powerful and rich.

And, as the Princeton study showed, they ignore majority opinion if it contradicts elite preference.

Let us now move to abortion, the issue of the day. A majority of the population wanted to keep Roe vs. Wade, by about a 2:1 margin.

Some years ago I asked my father, a very conservative guy, his position on abortion. He said he didn’t like it but believed it should be legal. I asked why. “Because I saw what happened when it was illegal. Rich women got abortions, and poor women didn’t.”

Let us say that abortion becomes effectively illegal. Do you think that the wives, sisters and daughters of the rich and powerful will still have access to them?

We all know the answer.

Aristocrats inflict what they never must suffer.

An example given by, I think, Nassim Taleb, used the Roman Republic. When Hannibal wiped out a huge Roman army at Cannae, one-third of the Roman Senate’s members were killed. They fought in battles.

What important politician or rich person of the last two generations died in any of America’s wars? Most didn’t even fight, including Bush Jr., Trump and Clinton all of whom weaseled out of the Vietnam war using dubious means.

Now let’s bring this back. One of the benefits of civilization is the reduction of violence which comes from prohibiting people from taking vengeance or justice (not the law) into their own hands. The benefit of Democracy is supposed to be that the government acts in the interests of the majority of the population, and liberal democracy it is supposed to also protect the rights of minorites against the majority.

This is what the legitimacy of civilization and democracy rest on. In exchange for these benefits, people don’t make life unpleasant for people with power, they don’t get vengeance themselves and so on.

I’ve seen the argument that protesting outside the houses of Supreme Court justices is illegal. It is. Hiding slaves was illegal. Blacks riding at the front buses was illegal. Strikes were illegal. Almost nothing that the Nazis did was illegal when they did it, because they were in power and made the laws.

What the French aristocracy did before the revolution was legal, and so was what the Russian aristocracy did.

Legality isn’t justice, even in good societies, though sometimes it approximates it.

But when legitimacy is broken: when civilization or democracy or liberalism doesn’t provide what it’s supposed to do, people stop caring so much about what is legal.

Nobody on the supreme court is going to be affected negatively by the loss of Roe. They and their friends and families, all of whom are rich, powerful or both, will still be able to get abortion when needed or when they want them. They, their daughters, wives and sisters will not die of untreated ectopic pregnancies or bleed out from back alley abortions.

And, as a commenter pointed out, the supreme court did rule that protests outside the houses of abortion doctors were constitutionally protected free speech, but protests outside their houses aren’t.

The evil of aristocracy is that aristocrats inflict what they never suffer.

If you are a member of the American elite life has never been better. You are the richest rich the world has ever known, even richer than in the Gilded Age. For over 40 years salaries, stock options, stocks and other assets like real-estate have just gone up and up and up, and when they haven’t the government, often in the form of the Fed, has stepped into to make sure they do.

Meanwhile ordinary people increasingly can’t afford houses, rent or medical care and where one salary could support a 4 person family, now 2 often can’t. (Ignore the official inflation and wage adjusted stats, and focus on reality, the stats don’t tell the picture and everyone knows it.)

Life gets better and better for the elite; the aristocrats and some of their retainer class, and shittier for almost everyone else.

There isn’t really a social contract, but there is legitimacy, and our elites have broken it. Since they have broken it, I will gently suggest that expecting those will die or suffer in large numbers due to their decisions to respect them or their laws is unreasonable.

When Jared Diamond tried to figure out why societies collapse, he dug into many civilization collapses and found out they almost all had one thing in common: the decision makers were cut off from the consequences of their decisions. Things were getting worse for almost everyone else, but everything was good for them, and often even improving, so they did nothing.

Eventually that broke. Sometimes due to environmental collapse; sometimes economic collapse; sometimes invasion; sometimes rebellion; and sometimes a combination or all of them at once.

Our aristocratic oligarchy is inflicting on others what they won’t suffer, even as they enrich themselves and pat themselves on the back about how they deserve everything they have.

That is leading where it always does, and it starts with the loss of legitimacy.

Those who protest rudely when those who will never suffer what they inflict hurt them or kill them, are minor in this context, but they are a sign of what is to come.

And that will be far worse than some judges being made uncomfortable or scared. It will be an age of war and revolution, throughout the world, and it will also be an age where some of their victims decide that if they are to suffer, their victimizers will suffer too.

This means either full on dystopian police states or an age of assassination and rebellion, and probably both.

This is what our aristocrats have sowed, and they will reap it. Alas, so will the rest of us. In the meantime, those who try and intrude on their bubbles and make their displeasure known are actually doing them a favor, offering them one last (and it is very close to last) chance to course correct.

History suggest they won’t, but occasionally it does happen, and we must hope for that occasionally.

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Losing Roe And The New Dred Scott

So, Roe is to be overturned. This has been coming for a long time. Democrats were worthless and didn’t fight, RBG betrayed those who worship her when she refused to resign when she got a cancer with a 90% death rate and Obama had a supermajority. (In the end Roe would have been lost anyway, but she moved up the clock.)

What needs to be understood about the loss of Roe is that states with anti-abortion laws are going to make them extra-territorial: they’re going to make it illegal to go to another state for an abortion. They will try and extradite people who do, and if they return to the state they live in, well, they’ll be arrested. Given surveillance abilities today, many women who thought no one knew will find out someone did: if you track your periods on your phone, or if you are foolish enough to carry your phone to a clinic. Perhaps even if you use your phone to call a clinic.

Phones are bugs and taps we carry with us voluntarily, after all.

Roe is, of course, only the start. Conservatives have a 5/4 majority for horrid things, and they will go after gay marriage, school integration, teaching evolution in schools and eventually (given Thomas is unlikely to annul his own marriage) mixed raced marriages.

I would also expect an assault on the decisions which allowed the New Deal: which is to say the right to regulate banks, to provide social security and medicare, and, of course, a further gutting of Obamacare.

Voting and demonstrations which bother no one will not fix this. If you want it fixed you’re going to have to let politicians and judges know, personally, in ways they can’t ignore, that this is unacceptable. That will entail risk to you, and may not be worth it to enough people.

There are no such thing as innate rights: all rights are political, and all of politics is a matter of force and power. Sometimes that fact is kept out of sight so as not to offend the delicate, but power is the only thing that ever matters.

Do people who want abortion rights and other civil liberties have enough power to keep them? Remember that you don’t have power you won’t use.

I hope we find out they do.

(And don’t count on fleeing to Canada or Mexico. If a Republican government puts the pressure on, there’s a good chance our government will fold. Canadian and Mexicans understand what American governments do to those who cross them.)

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Does Zero Covid In China Work?

So, we hear a lot of stories about Shanghai, where rolling lockdowns and administrative failures have lead to videos of people w/o enough food in lockdown, etc…

Shanghai is an interesting case, because Shanghai did not follow the normal Chinese zero-covid protocol. It didn’t shut down right away, but tried to do just do small shutdowns, and let the number of cases increase. This is not what other cities do.

I follow a maker account in Shenzen (the primary electronics manufacturing city in China and the world.) Since Covid they’ve occasionally written or done videos about the covid response in Shenzen, which has over 17 million people, plenty of trade, and lots of visitors from Hong Kong.

Wu says it better than I could.

I feel I’ve spent too much time on Covid recently, and do intend to move onto more interesting (if not always more important topics), but it’s IMPORTANT that people understand there were other options to dealing with Covid other than let’er’rip, whether or not most of the rest of the world’s actions were motivated by greed, psychopathy or incompetence, and regardless of how much 40+ years of neoliberalism have gutted our administrative capacity (it has been two years, we could have rebuilt a lot in those 2 years and we didn’t.)

Thatcher’s mantra was TINA (There Is No Alternative.) It has bred apathy and resignation. But if even the goddamn Chinese Communist Party can do better, then it’s obvious that there There Is An Alternative (TIAA?)

There are NO problems of any significance in the world today which are not a result of having a really, really bad elite and populations which are OK enough with them to let them keep doing what they do. There are also no problems we do not know how to deal with far better than we are right now.

As long as this is true, as a friend said just after Bush v. Gore, we’re going to ride this bucket all the way down to hell.

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Week-end Wrap – Political Economy – May 8, 2022

by Tony Wikrent

Tactics and techniques

“How the White Overalls Beat the Cops with Tactics of Radical Defense”

[Gentleman Bandit, via Naked Capitalism Water Cooler 5-5-2022]

From 2020, still germane. “You might have heard about The Yellow Vests (Gilets Jaunes) protesting hard in France for the past few years. There was a comparable movement in the late 90s and early 2000s, which focused on radical group tactics of defense in order to successfully stand up to riot police and other forms of crowd control. That is to say that, unlike the Yellow Vests who actively seek out fistfights and other physical battles with the cops; [the “White Overalls” (Tute Bianche) dreamed up an innovative and highly effective set of tactics to protect themselves from harm so that they could go where they wanted (such as smashing through the outer fence at the G8 Summit in Genoa) and stay there…. Put the whole thing together, and it looks something like this. One or more front lines set up with inner tubes and/or shields, front section backed up by mobile skirmishers, with additional shields and large crowds of people who either perform their own specialized roles or just push.” • With many photographs.

Strategic Political Economy

How London became the dirty money capital of the world | FT Film 

[YouTube, via Naked Capitalism 5-3-2022]

The Dollar System in a Multi-Polar World

James K. Galbraith [Brave New World, via Mike Norman Economics 5-5-2022]

The multipolar financial world is here. The United States can survive it – but only with major political and economic changes at home. It’s time to start thinking about what those need to be.…

But the Marshall-Lerner conditions did not hold, and trade balances did not return to equality of exports and imports. Instead, the US issued Treasury bonds, while Japan and Germany accumulated financial assets. And in the Third World, ex China and India, the balance depended largely on the presence or absence of oil. Demand for oil, it turned out, is notably invariant to price. So as prices went up, for producers it was the best of times. And so long as oil importers wished to grow, they were obliged to cover the bill with borrowings from commercial banks, on terms that the bankers controlled, and at rates governed in the final analysis by the policy of the Federal Reserve.

In this way the abolition of the Bretton Woods system set in motion the final defeat of New Deal banking law and of balanced international financial governance, in the end restoring the financiers to the center of American and world economic power. For forty years that genie had been bottled up, internally by regulation, deposit insurance, and the Glass-Steagall Act, so that in the 1940s, 1950s, and 1960s banks were largely adjuncts to the large industrial corporations and under the fairly-effective discipline of the state. There were, accordingly, no financial crises from 1934 to 1974, when Franklin National Bank failed, followed in 1975 by the “fiscal crisis” – really a bankers’ crisis – of the City of New York. On the international side, capital controls and the IMF had provided (in principle) a similar damper. After 1971 and especially 1973, the currency casinos were open again.

Roe v. Wade — Liberalism, conservatism and the lack of discussion of civic republicanism

[Twitter, via Naked Capitalism Water Cooler 5-3-2022]

The Irrational, Misguided Discourse Surrounding Supreme Court Controversies Such as Roe v. Wade

Glenn Greenwald [via Naked Capitalism 5-4-2022]

Alito’s decision, if it becomes the Court’s ruling, would not itself ban abortions. It would instead lift the judicial prohibition on the ability of states to enact laws restricting or banning abortions. In other words, it would take this highly controversial question of abortion and remove it from the Court’s purview and restore it to federal and state legislatures to decide it. One cannot defend Roe by invoking the values of democracy or majoritarian will. Roe was the classic case of a Supreme Court ruling that denied the right of majorities to decide what laws should govern their lives and their society.

One can defend Roe only by explicitly defending anti-majoritarian and anti-democratic values: namely, that the abortion question should be decided by a panel of unelected judges, not by the people or their elected representatives.

TW: I’m not very surprised that Greenwald perhaps does more damage than good by not fully understanding and / or explaining the issue. Just reading Greenwald, one can be forgiven to think that the entire USA scheme of government ought be discarded, because ”The Founders wanted to establish a democracy that empowered majorities of citizens to choose their leaders, but also feared that majorities would be inclined to coalesce around unjust laws that would deprive basic rights, and thus sought to impose limits on the power of majorities as well.” And the discomfort becomes especially intense when Greenwald concludes that “If you want to rant about the supremacy and sanctity of democracy and the evils of “unelected judges,” then you will necessarily end up on the side of Justice Alito and the other four justices who appear ready to overrule Roe.”

Open Thread

Use to discuss topics unrelated to recent posts (aka. Covid. Go wild w/Ukraine if you so desire.)

Immune And Vaccine Escape Covid Variants

It’s tedious to have to keep writing about Covid, but since we are absolutely determined not to use policies which will stop Covid, it’s necessary.

A new preprint study, published ahead of peer review, is pointing to why BA.4 and BA.5 are gaining ground: They can escape antibodies generated by previous infections caused by the first Omicron virus, BA.1, the variant responsible for the huge wave of infections that hit many countries in December and January. They can also escape antibodies in people who’ve been vaccinated and had breakthrough BA.1 infections, though this happened to a lesser degree than seen in people who’ve only been infected.

This is exactly as predicted here. Viruses adapt to challenges. To wipe it out we had to reduce it to nearly zero (as they mostly have in China, among a few other countries), so that it doesn’t have a lot of hosts. We chose not to do so (or our leaders did, as it’s making them fantastically rich), and so here we are.

Moderna has an Omicron booster coming out in autumn, which is to say at least four months from now, but because it was designed for the Omicron variant and not these new ones, it’ll likely be less effective than we’d like, though more effective than vaccines designed for the original (now essentially extinct) strain.

Given reports that Long Covid is far more prevalent than previously believed, it seems wise for those who can to keep taking precautions. There’s still a chance of death, but the chance of getting some sort of longer term health damage is not insignificant.

This mess could go on for years. We’re just gambling on a variant that does less damage becoming dominant, but given that Omicron Covid is already in the race for the most virulent disease known to mankind, and that it could keep mutating, that doesn’t seem like much of a hope, especially as viruses in general cause the sort of problems we see after Covid, just usually not quite as bad or widespread.

Long Covid research will be helpful, and perhaps we’ll come up with some sort of cure, and the best thing we can hope for is that that research and cure will be useful for effects from most or all viruses. If so, something good may come out of this mess.

As I, perhaps tediously, keep pointing out, this is a choice which has been made by our leaders — to let it spread, to make people go back to work, and to do nearly nothing to stop Covid’s ravages. Unless you’re actually in Ukraine, Yemen, Afghanistan, or a few other places, it remains your own leaders who are the greatest threat to your well being. People who are constantly doing things to make you sick or poor, or homeless or dead are conventionally known as “enemies.”

Worth a little meditation.

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Civilization Ending Long Covid Levels?

So, via everyone’s favorite homnicidal Dalek, a study which finds that 51 percent to 80 percent of people who get Covid (pdf) get Long Covid. Often it’s asymptomatic, but asymptomatic cases still do damage to the body, just like you can have high blood pressure for a long time without knowing it or feeling anything. As the Dalek notes, this is potentially civilization ending now that we’ve decided to let everyone get Covid eventually.

The extra sauce on this idiot doomburger, is that each time you get Covid, you can get Long Covid and there is NO lasting natural or vaccine immunity to Covid. None. And each time you get Covid, any Long Covid you have can make it harder to resist Covid and can make your Long Covid worse.

The old figures for Long Covid ranged from 20 to 30 percent. Even those numbers, given repeated infections and compounding damage, were disastrous. These new numbers are catastrophic. Eventually, if we don’t control Covid (and remember, there have been multiple new variants since BA2) we may literally have billions of disabled people unable to work and needing care.

Probably you’ll know one of them, or be one of them. Probably someone you care about will have Long Covid. Then your government, which after all couldn’t be bothered to control Covid, will decide it costs too much to support them, will cut health care and disability care, and they’ll die. Probably miserably.

Welcome to the future.

Either replace your leaders, at any cost, or you and people you care about (I know most people don’t give a damn about strangers) will get sick, suffer immensely, wind up homeless in many cases, then die miserably.

Also India is having a heat wave in April/May which has spiked over 60 celcius (140f) in some locations, and where 40-50- celcius (104-122F) is routine. We’ll never know how many people it kills (India’s very bad at counting and doesn’t much want to), and on top of that, it’s causing crop failures. Given that we’re already in for a year with less food and higher prices than usual (thanks to the Ukraine war, Western sanctions related to the war, and various problems in China (and certainly other extreme weather events)), a lot of people are going to die from famine in the next year and a half, and there will then be massive political instability, probably including some revolutions and war.

We’ll talk more about this soon.

Your leaders are culling you. Deliberately. They know what they’re doing and they’re okay with it. Are you okay with it? You may not be able to do anything yet, but the first step is to understand, in your gut, that they are a threat to you; enemies of yours.

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