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Smith: Is The Pussification Of America’s Youth Scientifically Engineered?

Smith: Is The Pussification Of America’s Youth Scientifically Engineered?

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Smith: Is The Pussification Of America's Youth Scientifically Engineered? Tyler Durden Fri, 10/02/2020 - 00:00

Authored by Brandon Smith via Alt-Market.us,

There’s been a lot of debate lately on what generation of Americans is the most to blame for the current failures of the US as a society.

  • Baby Boomers blame millennials for being weak, lazy and entitled;

  • millennials blame boomers for ruining the system before they were ever born while enjoying the fruits of a more prosperous economy.

The real answer is that it’s partially the fault of BOTH generations, but not for the reasons often argued.

The boomer vs. snowflake conflict is a controlled narrative that deliberately avoids the greater issues at hand. Yes, the newest generations of Americans have been utterly pussified, but I believe this is part of a larger agenda, and baby boomer parents unwittingly and stupidly played a supporting role.

In 4th Generation warfare the concept is to destroy a nation or civilization without using direct military confrontation, at least, not right away. Instead, the goal is to destabilize the target society from within and let the citizenry self destruct. Then, once the population is in sufficient chaos, you move in with your military forces and take over, meeting minimal resistance along the way.

The strategy can also be used to undermine and control a population by it’s own government or by elites within that government as a means to stop potential rebellion against the establishment power structure. In other words, use controlled chaos to create panic and weakness, and then snatch up more power while the citizenry is distracted and disorganized.

In order to create chaos and panic in a population, that population must be completely unprepared to deal with crisis events. They must be mentally soft and lack resolve, otherwise they might become self reliant and defiant rather than fearful and easy to control.

I was recently studying psychological conditioning methods used to prepare people for combat and crisis scenarios. The phrase “stress inoculation” comes up often. In certain branches and units of the US military there is an increased emphasis on stress inoculation (beyond basic training) as a means to strengthen soldiers and their fortitude so that when they do eventually find themselves in a combat situation where they might die, they don’t panic and allow adrenaline to take over their motor and thought processes.

Department of Defense think-tanks like DARPA have published extensive white papers on the subject, and stress inoculation is also used to some extent to treat people with Post Traumatic Stress Disorder.

The ability to perform calmly under stress is the key to combat readiness. The most effective warriors, and the most successful people in life, usually have the ability to manage stress and perform at a high level while other people flounder in terror.

Historically, many civilizations have been very careful in how they choose and train warriors for defense. Native American tribes, for example, would carefully vet their warriors and make sure they chose men that would NOT run away at the first sign of trouble; rather, they picked men they knew would confront trouble directly. A small force of psychologically prepared men was considered far superior to a vast army of potential bed wetters and hysterics.

Mentally vetting people for stress management skills has been a common human practice for thousands of years.

Some people are simply born with a greater capacity for it, but many others can be trained for stress inoculation using basic methods. The key is for people to start learning stress management when they are children. This requires them to go through experiences which cause short term acute stress, rather than long term chronic stress.

Short term acute stress strengthens mental response time and increases confidence and psychological stability by acclimating a person to surprise and shock. Long term chronic stress does the opposite, never allowing the person to acclimate and causing them to revert to a constant state of fear.

Acute stress events include physical exercise, competitive play, being placed in unfamiliar surroundings and being forced to adapt, regularly undertaking new and useful skill sets, sticking with a skill set until it is mastered, and even interactions with larger groups of unfamiliar people, such as public speaking.

One could also apply the ancient philosophical concept of Zen to stress inoculation, particularly the practice of mastering a skill so completely that a person becomes “one” with that talent, and thus “one” with themselves and their place in the world. If you have ever met a person that is a true master of a useful skill, you know that they tend to be extremely calm and confident people that do not panic easily regardless of the situation.

While researching stress inoculation methods, it struck me – What if a society was to do the exact OPPOSITE of this? What if an entire generation of children were deliberately sheltered from all forms of short term acute stress? What if they were encouraged to never work hard at anything? What if they were not given any incentive to accomplish any goals? What if competition was discouraged and children were taught to despise it as “barbaric” and “debilitating”? What if accomplishment was dismissed and the idea of “winning” was eliminated in the name of “fairness and equality”?

What if a generation of kids were so thin skinned and untrained in stress management that they panic and run to the nearest authority figure for help at the first sign of trouble? What if they were so spoiled that they had never learned to take care of themselves? What if all of their life experiences were in the form of a safe, insulated digital fantasy world where there is no real risk?

Now imagine you then take this highly coddled and sheltered generation and you suddenly expose them to a massive crisis event; such as an economic crash, or even the threat of a global pandemic? How would this group of children, now moving into adulthood without any practical skills or emotional toughness, respond to the situation?

All of their actions would be reactionary and rooted in panic and terror. Because they have never trained to deal with acute stress events they are now a walking time bomb of fear. They might respond by running and hiding, or they might respond by lashing out violently, but in either case they will have no self-control and will be ruled by emotion and adrenaline rather than logic and reason.

Wouldn’t this be the most effective way to destroy or dominate a nation over the span of a couple decades?

In America today there is the more obvious trend of social justice warriors among younger generations and their complete inability to function in normal adult society without constant protection.

What is the purpose of concepts like “safe spaces”, trigger warnings, forced diversity, intersectionality, critical race theory, micro-aggressions, implicit bias, etc., other than to artificially swaddle people so they never have to deal with negative experiences?

The only reason for the existence of so-called “victim groups” is for people who have no stress management skills to continue to avoid any and all acute stress events for the rest of their lives by making it socially or legally unacceptable to criticize them, discriminate against them as individuals, or place practical demands on them. They become a protected class with special privileges.

They deny the need to compete based on merit in the working world because they claim competition is “racist” and creates inequality. Anything that causes them stress is immediately deemed an “aggression” against them personally, and all stressors are treated as equally offensive; meaning, an insult or criticism becomes the same as a physical attack, and they react with the same level of emotional panic to both.

I believe this is a major contributor in the rush by some young people to join the “trans movement”, as it represents an easy outlet to gain victim group status and thus attain protection from stress.

Did this movement of perpetual childhood develop out of this air? The evidence says no. The social justice movement with all its Marxist underpinnings was funded and managed directly by elitist organizations like the Rockefeller Foundation and the Ford Foundation, it becomes clear that the pussification of America’s youth is not a natural progression but an engineered program.

This is openly admitted in Alison R. Bernstein’s book ‘Funding The Future: Philanthropy’s Influence On Americas Higher Education’. Bernstein is the vice president of Education at the Ford Foundation and the former Associate Dean of Faculty at Princeton.

It’s not just the SJW lunatics that are the problem, though. A vast number of young people are finding themselves completely unprepared for adult life and they blame boomers indirectly for their failings. Contrary to popular belief, boomers had nothing whatsoever to do with the decline of the US economy; if you want to find the culprits behind your financial pain, I suggest learning about the history of the Federal Reserve and how that institution has systematically destroyed our currency’s buying power and our economy over time.

Where boomers are culpable is in their terrible parenting model. They raised a generation of weaklings and rarely questioned the establishment and media propaganda that told them that helicopter parenting and the “self esteem model” was the best way to raise their children. While perhaps done out of love, boomers spoiled their own kids so completely and shielded them from all acute stress that as young adults they now have no capacity to succeed in a world where survival instincts might be required.

Consider the most common complaint among next-gen adults – That boomers all enjoy home ownership while they will never be able to afford the privilege because boomers ruined the economy. This, they claim, is the reason why boomers should not be allowed to criticize the inactivity and laziness of millennials. Yet, the majority of boomers had to leave home and become adults at age 18 (some of them even sooner), while a large number of millennials live with mom and dad well into their 30s, feeding off of them like parasites rather than working and saving. Gen Z appears ready to do the same. Boomers started their adult lives sooner, and thus they accumulated assets and wealth faster.

Of course, boomers share the blame. Helicopter parents have helped to ruin American culture, even though numerous psychological studies indicate that sheltering children from short term stress destroys their ability to cope as adults.

At bottom, though, boomers were encouraged at every moment to continue this style of parenting by the media and elitist foundations. The Ford Foundation in particular was a primary force behind the modern parenting and public education methodology of stress avoidance. The foundation was key in the development of such programs as Head Start and has spent hundreds of millions on the training of public school teachers in social justice methodologies.

Ford was also the primary engine behind the creation of the National Education Television Center, which later became PBS, and funded such prominent children’s shows as Sesame Street and Mister Rogers. This is not to say the people that produced these shows had any nefarious agenda in mind, only that both shows often promoted stress avoidance rather than stress confrontation and management. To this day, stress inoculation training is becoming more and more rare among America’s youth, and it is quickly being erased in public schools.

If history is any indicator, the weakest generations when faced with overwhelming crisis will demand protection, as they always have, whether it be physical protection or financial protection. And inevitably they will turn to government collectivism or the money elites for a feeling of safety in exchange for their liberties. They don’t value their freedoms because they have never enjoyed the feeling of independence anyway. The trade for comfort becomes easy for them.

Not all younger Americans suffer from this affliction. Many are strong willed, but those that are usually admit freely that they feel isolated among the majority of their peers. I find it hard to believe it’s mere coincidence that perhaps the weakest generation of Americans ever is now facing the worst series of crisis events in our history. The whole thing seems planned…

Stress inoculation is a lot like strengthening your own immune system – Sometimes you have to work through sickness when you are young in order to improve your immunity to sickness later in life. By the same token, you have to experience stress events when you are young so that you can better deal with crisis events later in life. Otherwise, you grow up as malleable as jello and just as easy to devour.

The good news is, even as adults stress inoculation can be learned. As our world grows more and more unstable and uncertain, being able to manage our own fears is becoming paramount to our continued liberty and livelihood.

*  *  *

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International

Pfizer Responds After Director Says Company Is Developing Ways To Mutate COVID-19

Pfizer Responds After Director Says Company Is Developing Ways To Mutate COVID-19

Authored by Zachary Stieber via The Epoch Times (emphasis…

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Pfizer Responds After Director Says Company Is Developing Ways To Mutate COVID-19

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

Pfizer late Jan. 28 responded to comments from a director at the company about exploring ways to mutate COVID-19 as a method to “preemptively develop new vaccines.”

“In the ongoing development of the Pfizer-BioNTech COVID-19 vaccine, Pfizer has not conducted gain of function or directed evolution research,” Pfizer said in a lengthy written statement after days of ignoring queries from The Epoch Times and other outlets.

A sign for Pfizer is displayed in New York in a file photograph. (Timothy A. Clary/AFP via Getty Images)

Pfizer did say that it has conducted research “where the original SARS-CoV-2 virus has been used to express the spike protein from new variants of concern.”

“This work is undertaken once a new variant of concern has been identified by public health authorities. This research provides a way for us to rapidly assess the ability of an existing vaccine to induce antibodies that neutralize a newly identified variant of concern. We then make this data available through peer reviewed scientific journals and use it as one of the steps to determine whether a vaccine update is required,” the company added.

Pfizer did say it has conducted experiments in a level 3 laboratory.

Pfizer said, in its work developing a treatment for COVID-19, it has “engineered” the COVID-19 virus “to enable the assessment of antiviral activity in cells.”

“In addition, in vitro resistance selection experiments are undertaken in cells incubated with SARS-CoV-2 and nirmatrelvir in our secure Biosafety level 3 (BSL3) laboratory to assess whether the main protease can mutate to yield resistant strains of the virus,” Pfizer said. “It is important to note that these studies are required by U.S. and global regulators for all antiviral products and are carried out by many companies and academic institutions in the U.S. and around the world.”

Pfizer produces a COVID-19 treatment called Paxlovid, or nirmatrelvir that is authorized in the United States and some other countries.

In its statement, Pfizer did not dispute that Dr. Jordon Walker, who told a Project Veritas journalist that Pfizer is exploring how to “mutate” the COVID-19 virus, was or is a Pfizer employee.

Professional profiles for Walker, which have since been taken down, listed him as a director of messenger RNA research at the company. Pfizer’s COVID-19 vaccine utilizes messenger RNA. The profiles also listed a Pfizer email address, and an email sent to that address did not bounce back. A receptionist at Pfizer on Thursday also told The Epoch Times that Walker had an internal company profile, but a different receptionist on Friday said there was no listing for the doctor, indicating he might have been terminated after the comments were made public.

Malone

Dr. Robert Malone, who helped develop the messenger RNA technology, said that the experiments Pfizer described met the definition of “gain of function.”

Pfizer is basically acknowledging that they are doing the same type of gain of function research that Boston University was caught doing, but they are denying that it is gain of function or directed evolution,” Malone wrote on Twitter.

Malone pointed to Pfizer’s comment about taking the original SARS-CoV-2 virus and using it “to express the spike protein from new variants of concern.”

Gain of function generally describes experiments that aim to increase functions of a virus such as transmissibility and virulence. Walker had said in his comments that the work he was describing was not gain of function, but “directed evolution.”

Researchers with Boston University revealed in 2022 that they had developed a strain of COVID-19 that killed 80 percent of mice infected with it.

The U.S. National Institutes of Health (NIH) is supposed to oversee risky research conducted in or funded by the United States but has faced criticism for only reviewing a handful of projects—none since 2019—under the oversight system.

The NIH funded gain of function experiments at the Wuhan laboratory situated near where the first COVID-19 cases were identified, and officials have promised to keep funding research in China.

Sen. Marco Rubio (R-Fla.) had written a letter to Pfizer CEO Albert Bourla referring to Walker’s remarks and questioning whether the company has or is planning to mutate the COVID-19 virus.

Walker’s comments “are alarming,” Rubio wrote in the Jan. 26 missive.

YouTube Takes Down Video

In a notice sent to Project Veritas, YouTube cited its medical misinformation policy, which bars “claims about COVID-19 vaccination that contradict expert consensus from local health authorities or the World Health Organization (WHO).”

It wasn’t clear which authorities specifically YouTube was relying upon to rebut the video.

YouTube, which is owned by Google, did not respond to a request for comment.

O’Keefe noted that the claims in the video were made by a Pfizer director.

Project Veritas was given a “strike,” which prevents the organization from taking actions like uploading new videos for one week. A second strike would block such actions for two weeks and a third strike in a 90-day period would result in a permanent removal of the group’s account, YouTube warned.

Read more here...

Tyler Durden Sat, 01/28/2023 - 14:30

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International

Von Greyerz: As West, Debt, & Stocks Implode; East, Gold, & Oil Explode

Von Greyerz: As West, Debt, & Stocks Implode; East, Gold, & Oil Explode

Authored by Egon von Greyerz via GoldSwitzerland.com,

“The…

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Von Greyerz: As West, Debt, & Stocks Implode; East, Gold, & Oil Explode

Authored by Egon von Greyerz via GoldSwitzerland.com,

“The risk of over-tightening by the European Central Bank is nothing less than catastrophic” says Prof Kenneth Rogoff .

At Davos he also said:

Italy is extremely vulnerable. But this could pop anywhere. Global debt has gone up massively since the pandemic: public debt, corporate debt, everything.”

Rogoff believes that it is a miracle that the world averted a financial crisis in 2022, but the odds of a major accident are shortening as the delayed effects of past tightening feed through.

As Rogoff said: 

“We were very fortunate that we didn’t have a global systemic event in 2022, and we can count our blessings for that, but rates are still going higher and the risk keeps rising.”

But lurking in the murkiness is also the global financial assets/liabilities which is almost $500 trillion including the shadow banking system at 46% of the total. The shadow banking sector includes  pension funds, hedge funds and other financial institutions which are largely unregulated.

Shadow banking is not subject to the normal mark-to-market rules. Thus no one knows what the real position or losses are. This means that central banks are in the dark when it comes to evaluation of the real risks of the system.

Clearly, I am not the only one harping on about the catastrophic global debt/liability situation.

And no one knows the extent of total global derivatives. But if they have grown in line with debt and also with the shadow banking system, they could easily be in excess of $3 quadrillion.

Cultures don’t die overnight, but the US has been in decline since at least the Vietnam war in the 1960s. Interestingly, the US has not had a real Budget surplus since the early 1930s with a handful of years of exception.

But when you, like the US, live on borrowed time and borrowed money, it becomes increasingly difficult to keep up appearances. In 1971, the pressures on the US economy and currency became too great.  Thus Nixon closed the Gold Window with the dollar having lost over 98% in real terms since then. This is of course a total catastrophe and a guarantee that the remaining 2% fall to ZERO will come in the near term future, whether it takes 5 or 10 years for the dollar to reach oblivion. Remember that the final 2% is 100% from today!

The US, EU and Japan have now reached the stage when no one wants their debt. So sovereign debt of these nations is no longer a question of “passing the parcel” but keeping the parcel. When every third party holder of these debts is a seller, who will buy?

These three countries will end up holding their own debt. Japan already holds over 50% of its debt. Before the Western Ponzi scheme comes to an end, these three nations will virtually hold 100% of their own debt. At that point, the bonds will be worthless and interest rates will have reached infinity. Not a pretty prospect!

US – PERFECT RECIPE FOR DISASTER

The final phase of all empires always includes excessive deficits and debts, inflation, a collapsing currency, decadence and war. And the US qualifies perfectly in all those categories.

Ernest Hemingway stated it superbly:

The first panacea of a mismanaged nation is inflation of the currency; the second is war.
Both bring temporary prosperity;
both bring a permanent ruin.
But both are the refuge of political
and economic opportunists. 

The US has failed in every war since the Vietnam war, including the Yugoslav Wars, Afghanistan, Iraq, Syria and Libya. The results have been massive casualties and destruction of the countries, often leading to economic misery, anarchy and terrorism.

The Ukrainian war is not between Ukraine and Russia but between the US and Russia as I discussed in a previous article (Link). The clear proof that there is no desire for peace from the US is that they are sending money and weapons to Ukraine in the $100s of billions and “encouraging” an increasingly suffering Europe to do the same. But they are not sending any peace negotiators to Russia in an attempt to end the war. This is very ominous.

The geopolitical situation is now on a knife edge with two major nuclear powers fighting about a relatively insignificant country. This is how major wars normally start.

Let us hope that the current conflict does not lead to a major nuclear war since that would be the end of the world. Thus not worth to speculate about the outcome of this high risk scenario.

But the economic war and the collapse of the US dominated financial system is not just  inevitable but also catastrophic for the Western economies.

A COMMODITY DOMINATED WORLD

As the hegemony of the US is coming to an end, the dominance of the decadent West is moving quickly to the East and South. Commodity based countries like the enlarged BRICS will dominate for the next few decades and probably longer. Oil and gas will form the base of this shift but also many other commodities including gold which is now starting a new era.

It is likely that 2023 will be the first year of many when we will see a strong rise in gold just like 2000 – 2011 which saw a 7.5X gain.

The end of the Western debt based cycle and the rise of the Eastern and Southern commodity cycle is well illustrated in the graph below

OIL, GOLD TO GO UP > 9X AGAINST STOCKS

The S&P Commodity Index relative to Stocks has recently made a 50 year low. Just to return to the mean, the index would need to go up 4X. But when long term cycles turn up from a historical low, they tend to trend higher and longer than anyone expects. So a move past the 1990 high of 9 is very likely. This would mean that commodities, and especially oil and gold, relative to stocks would move up more than 9X!

This  9X move  would obviously involve a combination of falling stocks and rising commodity prices.

The expected move of the index confirms the shift from the West, based on an unsound and debt infested system, to the East & South, based on commodities.

Much of this move is based on the fossil fuels of the countries involved – to the chagrin of the climate movement zealots.

In today’s woke world, there is a tendency to believe that we can change all the laws of nature and science. This is the case both in the economy and climate.  Bankers and governments are confident that they can create permanent prosperity by printing worthless pieces of paper believing that these represent real and lasting value and wealth.

Well surprise, surprise, these people will soon have the shock of a lifetime as all that printed money returns to its intrinsic value of ZERO.

A debt based economy eventually becomes a self-fulfilling prophecy.

The higher the debt, the more the debt needs to grow in a never ending vicious circle. In the end the debt cycle becomes a perpetual motion Ponzi scheme……. UNTIL IT ALL CRASHES!

The debt feeds on itself and the more that is issued, the more needs to be issued. As inflation rises, the escalating interest cost on the debt leads to more debt. Next is defaults, both private and foreign. Then the $2-3 quadrillion derivatives, a great part of which is in the shadow banking system, comes under pressure. This leads to massive further debt creation by the Fed and other central banks, desperately trying to save the system.

This will eventually lead to what von Mises called:  “…. a final and total catastrophe of the currency system involved.”

But remember that we are here talking about the Western financial system. The economic sun in the East will rise strongly and eventually be the guiding light for the world economy.

The debt based US and West will to quote Hemingway decline “first gradually and then suddenly.”  So due to the $2+ quadrillion size of the problem, the biggest part of the decline is unlikely to take more than 10 years and it could be a lot faster, especially at the end.

But the climate zealots

 will have to wait to 2050 to learn that through their actions they didn’t manage to limit the increase in temperature to 1.5 degrees. But with a lot of luck, climate cycles might be on their side and make the weather much colder.

Personally I believe that cycles determine the climate and not humans.

The climate cycle graph below covering 11,000 years shows that there has been numerous periods with warmer temperatures than currently. At the peak of the Roman Empire 2000 years ago, Rome had a tropical climate.

Fossil fuels produce 83% of the world’s energy today. According to forecasts this percentage is unlikely to come down significantly in the next 50 years.

Partly due to the increased cost of producing energy, fossil fuel production will fall by 26% by 2048. Increases in nuclear and renewables will not compensate for this decline.

If the world stops using fossil fuels, the world economy would totally collapse. Sadly the climate activist movement does not seem to worry about such disastrous consequences.

So it seems fairly clear that for a very long time, the world will be dependent on fossil fuels in order for the economy and population not to collapse.

For the above reasons, the commodity based countries will soon dominate the world and that for a very long time.

The constellations of commodity rich nations are forming rapidly.

Firstly we have the BRICS countries which currently consist of Brazil, Russia, India, China and South Africa. Many countries are in the process of joining BRICS including Saudi Arabia, Iran, Algeria, Argentina and Turkey.

It is the enlarged BRICS aim to bypass the dollar and create their own trading currency.

Many talk about the Petroyuan replacing the Petrodollar but what would everyone do with the Chinese currency since it isn’t freely convertible. Better then to have a currency linked to several commodity countries like Special Drawing Rights. This would create more stability and usability. The Credit Suisse analyst Pozsar calls this Bretton Woods III.

There is also the EAEU or Eurasia Economic Union with Russia leading plus China, India, Iran, Turkey and UAE involved.

The SCO – the Shanghai Cooperation Organisation headquartered in China is also an important force. The SCO is a political, economic, international security and defence organisation. It includes many Eurasian nations like China, Russia, Uzbekistan, Kazakhstan etc.

All the economies involved in this important development are commodity based. For example, commodities are 30% of Russian GDP. Their target is to expand gold mining to 3% of GDP and become the biggest gold producer in the world.

Russia has the world’s largest commodity reserves at $75 trillion and produces 11 million barrels of oil per day. Russian friendly provinces produce another 14M totalling 25M. China produces 5m barrels and the Middle East Oil going through the Strait of Hormuz is 22M barrels.  So in a conflict with the US, Russia, China and Iran  could decide to close the Strait of Hormuz which means they would have control over 50% of global oil supply. As Goldman Sachs has stated, oil would then be in the $1000s.

If we take Russia, Iran and Venezuela, they control 40% of the global oil supply.

The point I am making is that these various constellations of commodity countries will be the dominant economic power of the future as the US and Europe decline.

So for Russia, gold and oil are two strategic commodities which will play an important role not just for Russia but for all of these Eastern/Southern countries.

And no one should believe that the US and European sanctions are working. Russia and Iran are selling oil and gas to China at a discount. China then exports this, including refined products, to Europe at premium.

So the sanctions are a farce which totally kills the European economy.

Interestingly, the relationship between yellow gold and black gold has been stable for decades as this chart shows:

GOLD / OIL RATIO 1950 – 2023

GOLD – THE VITAL WEALTH PRESERVATION ASSET FOR 2023 AND BEYOND

Gold was the best performing asset class in 2022 but the investment world didn’t notice since it is hanging on to the declining bubble assets of stocks, bonds and property.

Let’s look at gold’s performance in various currencies in 2022:

The chart shows gold up 15% against Swedish Kroner on the right and for example up 11.6% in pounds, 6% in Euros and virtually unchanged in US$.

Bearing in mind that most asset markets, including bonds, have fallen by 20-30%, this is an outstanding performance by gold.

But no one must believe that gold is going up. All gold does it to reflect the total mismanagement of most economies. The chart above should be turned upside down to reflect the loss of purchasing power of all paper money.

As has been the case since 1971, this trend of falling currencies will continue but not at the same steady pace.

With the debt infested Western economies collapsing, their currencies will implode one after the other.

So please firstly acquire as much physical gold as you can afford and then some more.

And when you own your gold, don’t measure the value in collapsing currencies. Just measure your gold in ounces, kilos or grammes.

Also please don’t keep it in the country where you live, especially if that country has a tendency to grab assets. I don’t need to tell you which countries you can’t trust. The problem is, there are not many you can trust.

BEWARE – A GOLD CUSTODIAN DISAPPEARED WITH CLIENTS’ METALS

Also if you store your gold with a gold custodian, ensure that only you can release it by having the Warehouse Receipt in your name. A custodian gold company disappeared last year with the major customer assets in spite of the gold being stored with a major vault company. The weakness was that the gold company could release the gold without the client’s approval. This is not an acceptable way to store your wealth preservation asset. 

Finally remember that gold is not just your most important wealth preservation asset but can also be beautiful.

TUTANKHAMUN’S DEATH MASK 1327 BC

Tyler Durden Sat, 01/28/2023 - 11:30

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Government

Federal Food Stamps Program Hits Record Costs In 2022

Federal Food Stamps Program Hits Record Costs In 2022

In early January, The Wall Street Journal Editorial Board warned that one peril of a…

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Federal Food Stamps Program Hits Record Costs In 2022

In early January, The Wall Street Journal Editorial Board warned that one peril of a large administrative state is the mischief agencies can get up to when no one is watching.

Specifically, they highlight the overreach of the Agriculture Department, which expanded food-stamp benefits by evading the process for determining benefits and end-running Congressional review.

Exhibit A in the over-reach is the fact that the cost of the federal food stamps program known as the Supplemental Nutrition Assistance Program (SNAP) increased to a record $119.5 billion in 2022, according to data released by the U.S. Department of Agriculture...

Food Stamp costs have literally exploded from $60.3 billion in 2019, the last year before the pandemic, to the record-setting $119.5 billion in 2022.

In 2019, the average monthly per person benefit was $129.83 in 2019, according to the U.S. Department of Agriculture. That increased by 78 percent to $230.88 in 2022.

Even more intriguing is the fact that the number of participants had increased from 35.7 million in 2019 to 41.2 million in 2022...

All of which is a little odd - the number of people on food stamps remains at record highs while the post-COVID-lockdown employment picture has improved dramatically...

Source: Bloomberg

If any of this surprises you, it really shouldn't given that 'you, the people' voted for the welfare state. However, as WSJ chided: "abuse of process doesn’t get much clearer than that."

In its first review of USDA, the GAO skewered Agriculture’s process for having violated the Congressional Review Act, noting that the “2021 [Thrifty Food Plan] meets the definition of a rule under the [Congressional Review Act] and no CRA exception applies. Therefore, the 2021 TFP is subject to the requirement that it be submitted to Congress.” GAO’s second report says “officials made this update without key project management and quality assurance practices in place.”

Abuse of process doesn’t get much clearer than that. The GAO review won’t unwind the increase, which requires action by the USDA. But the GAO report should resonate with taxpayers who don’t like to see the politicization of a process meant to provide nutrition to those in need, not act as a vehicle for partisan agency staffers to impose their agenda without Congressional approval.

All of this undermines transparency and accountability for a program that provided food stamps to some 41 million people in 2021. The Biden Administration is using the cover of the pandemic to expand the entitlement state beyond what Congress authorized.

The question now is, will House Republicans draw attention to this lawlessness and use their power of the purse to stop it to the extent possible with a Democratic Senate.

And don't forget, the US economy is "strong as hell."

Tyler Durden Sat, 01/28/2023 - 09:55

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