We know what’s coming and we are prepared.
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What do they know that we don’t?
Reality dawns.
Davos 2024
Oh blimey!
The debt fuelled growth model of globalisation never had a long term future.
Sustainable growth.
So easy to say, so hard for global policymakers to achieve.
What confuses global policymakers so much?
Banks create money and debt at the same time.
Banks create the money first and then they have to get it back again to balance the books.
The economy booms on the money creation of bank credit, but policymakers are oblivious to the claims on future spending power piling up in the banking system.
At 25.30 mins you can see the super imposed private debt-to-GDP ratios.
China has just reached the end of the road with the debt fuelled growth model of globalisation.
We got there in 2008, and have referred to it as the Productivity Puzzle ever since (UK).
Not considering private debt always was the Achilles heel of neoclassical economics.
How private banks create the...
Yanis Varoufakis (former Greek Minister of Finance) describes AI as a new form of capital that produces not goods, but behavioral modification. This is achieved by engineering perceptions.
The answers provided by ChatGPT, or the images rendered by StableDiffusion — as these increasingly inform our perceptions, they in turn define the reality we experience.
This is what makes AI so powerful — he who controls the AI, defines the reality of tomorrow.
⚡️🇺🇸 Some more things coming out for the 2026 National Defense Authorization Act (NDAA).
Under the preliminary drafts of the bill, the USAF is requesting a release of $57,000,000 USD ($57.0 Million) to retire all remaining 162 A-10 Thunderbolt IIs in current service. Apart of the 2023 NDAA, there was a clause for a few million dollars to be released every so often to gradually retire the (then) 250 airframes by 2034; however due to the push by the Dept of Defense to ‘shed’ obsolete or obsolescent airframes that cannot be overhauled or upgraded further without a whole new airframe, it appears the USAF wants to retire all 162 remaining A-10s by the end of 2026.
The USAF plans to fully divest the 340-total remaining A-10s entirely, including those that currently serve in a handful of Air National Guard units in some states; which will be replaced by F-15EX Eagle IIs (like what is already happening with the Michigan State Air National Guard’s A-10s), or F-35A/Bs.
Included ...
My older sister lives in the country in between Velma Oklahoma and Duncan Oklahoma near the Fuqua Lake area, this story was told by a rural mail delivery woman who delivers the mail in the country.
The incident happened while she was on her route, when she came upon to the mailbox a male Chinese nation came out brandishing a, AK-47 rifle being very hostile,
I don't know if he pointed it at her since it is against the law to do so but she was terrified and said she was never going back and that the location that had a guard tower. Was the sheriff department notified, I don't know, did she notify her supervisor, don't know. But word is from the country folk who live in the area they have seen the guard tower at the pot place;
I refuse to call it a farm because it is an insult to farmers.
And yes she was traumatized by that ordeal
