In morning trading, U.S. stocks are somewhat flat while the Dollar is higher and Gold and Oil prices are weaker.
-NW

“Mayday, Mayday,” Read All About It
May 1, 2023
by George Ure

[snip]

Will today be “Normal?”

Remote viewers have their shields up. It is the first of May, after all. Big doings in Beijing and Moscow as workers of the world celebrate broken economic systems run by an entrenched elite under the guise of Party.

On the other hand, with First Republic facing financial death squads (deets in First Republic (FRC): JPMorgan Chase, Bank of America asked for bids (cnbc.com)) and with still more banks with piles of bad commercial loans (outed in Charlie Munger: US Banks Are ‘full Of’ Bad Commercial Property Loans – WorldNewsEra) we have to wonder how the World saves itself?

The problem (which we’ve written of deeply) is the world has two polar opposites when comes to economics.

• The Socialist-Communist model which does a GRAND job of making government too central and powerful in the lives of regular people. But which can’t be beat when comes to pissing away money.

• The nominal Free Capitalist model which does perfectly at decentralizing, limiting government size, but often works too well, resulting in a profitable and still somewhat free country.

However, when we threaten too much success, America’s leech peddlers crawl out to apply “the Leeches.”

America’s Hirudo Medicinalis (trans: medicinal leech)

Externally, leeches have been applied by other countries. Some examples of externally applied leeches include:

• Division of Berlin after WW II – which was just plain stupid of us to accept.

• The Cuban Missile Crisis – analogous to sneaking up on an armed person with bigger guns who’s edgy.

• The Cold War – which we were prepared to actually win, had it gotten “hot.,”

• And (strangely) NATO and the United Nations. On the theory, near as we can figure, that success must be limited and exceptionalism taxed to death, criticized into shame, and wrapped in flags to smother us.

Internally Applied Leeches

Internally, America supports more enemies than ever before.

Bigger Government is a leech. Easily found on the web: “The average for 2021 based on 154 countries was 16.83 percent.” Also easily found: “Government Spending to GDP in the United States averaged 25.66 percent of GDP from 1900 until 2022,” After reaching 47.66 percent during Covid.

But wait – there’s more! These figures do not include transfer payments or Debt. Welfare, Social Security and bond debt. Reveal another leech is our consistent lying to ourselves about Money. We’re likely in the “real” 35 percent of GDP is government-driven.

Democrats want even more control. Witness the ongoing attacks on the Second Amendment and continued government moves toward a cashless (government permissions) economy.

While systemic corruption runs deeper than convenietnt (sic): Jeffrey Epstein’s Private Calendar: CIA Director William Burns, Goldman Sachs’s Top Lawyer, Noam Chomsky – WSJ.

So yeah, a good time to say…

Mayday! Mayday! or May Day?