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Major U.S. stock market indexes yo-yoed about all week. On Monday, panic selling from last week turned to panic buying. Decades of Fed intervention have conditioned stock market investors to step in front of semi-trucks to scoop up nickels.

The Dow Jones Industrial Average (DJIA) jumped 1,290 points. This marked its biggest-ever single day gain in terms of points. Can the economic destruction wrought by coronavirus containment really be overcome with what former New York Fed President, Benjamin Strong, once called stock market “coup de whiskey?” We doubt it.

But we are fairly confident Fed stimulus will have the offensive consequence of widening the gap between sky high asset prices and weak economic fundamentals. Fed Chairman Powell certainly understands this. Nonetheless, on Tuesday, he went forward with the dirty deed.

After an early morning teleconference with various G7 poohbahs, Powell cut the federal funds rate by 50 basis points. This took the Fed’s target range to between 1 and 1.25 percent. As far as we can tell, Powell’s dirty deed achieved the exact opposite of its intent.

U.S. stock market indexes didn’t go up. Rather, they went down. In fact, they went down a lot. The DJIA, for example, gave back 785 points. Here’s why…

The Fed’s rate cut was an act of fear. Investors smelled it out and circled like a pack of wild hyenas. Powell may be able to expand the supply of money and credit. But he can’t make up for the economic destruction of a global economy that’s grinding to a halt to stem the spread of coronavirus. Cutting rates 50 basis points won’t cut it.

“This Sucker’s Going Down”

Bull markets, like myths and legends, die hard in America. By Wednesday, the bulls were back at it…bidding up share prices like 17th century tulip bulbs. The DJIA, baited by promises for fiscal stimulus, jumped 1,173 points – back above 27,000.

…click on the above link to read the rest of the article…

Horrifying predictions for 2019 – 2020 revealed in this six-minute video

January 13, 2019

Horrifying predictions for 2019 – 2020 revealed in this six-minute video

(Natural News) “You are living through the final chapter of modern human civilization,” I explain in the opening of a new, six-minute video that lays out predictions for 2019 – 2020.

“A catastrophic global collapse is coming, and you’re seeing society rip itself apart.”

The video covers the shocking state of present-day reality, including the truth about the CIA-run fake news media, how modern medicine has become a death sentence, how Leftists celebrate the mass murder of unborn babies, how language has been obliterated by progressives, how logic and reason have been destroyed, and much more.

If you want to know where things are really headed in 2019 – 2020, watch this short video for some stunning — but honest — analysis.

Watch the full video at Brighteon.com, the free speech alternative to YouTube:

Brighteon.com/5988969475001

See more daily coverage of the accelerating collapse at Collapse.news.

Quantum, Jazz and Dada – 3

November 16, 2018

Quantum, Jazz and Dada – 3

Max Ernst Ubu Imperator 1923

Ilargi: This is part 3 of Alexander Aston’s view of how upheaval and collapse can lead to new insights, new bursts of creativity, in science, religion, society and the arts. Part 1 of Quantum, Jazz and Dada can be found here, part 2 is here.

Here’s Alexander:

Quantum, Jazz and Dada:
The Dynamic Symmetry of Destruction and Creativity

Human Development

“Every breath is a sacrament, an affirmation of our connection with all other living things, a renewal of our link with our ancestors and a contribution to generations yet to come. Our breath is a part of life’s breath, the ocean of air that envelopes the earth.”
– David Suzuki

As human minds first started to emerge from the ocean and step onto the shores of Africa, they increasingly began to respond to their own presence. Hominids co-evolved through the complex social structures generated through the ecosystem engineering of tool using communities, forming a kind of “multicellular” cognition. The unique features of human cognitive evolution emerged from the dense feedback between brains, bodies, and their environments. As humans learn to engage with the material world around us we transform our collective developmental processes. “The structure of the brain reflects its history: as an evolving dynamic system, in which one part evolves out of another”. (20)

Tools made available whole new energetic niches for early hominins while sharing and cooperation increased group resiliency. This stimulated the growth of new neural structures capable of mediating the growing complexity of hominin interaction with the world. It is from these socio-cognitive ecologies that the phenomena we call history has emerged. What is clear from our deep past is that cooperative behaviour is overwhelmingly the dominant evolutionary characteristic of our species.

…click on the above link to read the rest of the article…

Quantum, Jazz and Dada – 2

November 12, 2018

Quantum, Jazz and Dada – 2

Hannah Höch Cut with the Dada Kitchen Knife through the Last Weimar Beer-Belly Cultural Epoch in Germany 1919

Ilargi: This is part 2 of Alexander Aston’s view of how upheaval and collapse can lead to new insights, new bursts of creativity, in science, religion, society and the arts. Part 1 of Quantum, Jazz and Dada can be found here. Part 3 will follow soon. Check TheAutomaticEarth.com.

Here’s Alexander:

Quantum, Jazz and Dada:
The Dynamic Symmetry of Destruction and Creativity

Energy, Ecology and Ecosystems

“Erwin Schrodinger (1945) has described life as a system in steady-state thermodynamic disequilibrium that maintains its constant distance from equilibrium (death) by feeding on low entropy from its environment – that is, by exchanging high-entropy outputs for low-entropy inputs. The same statement would hold verbatim as a physical description of our economic process. A corollary of this statement is that an organism cannot live in a medium of its own waste products.”
– Herman Daly and Kenneth Townsend

The concept of energy is essentially an accounting process we have devised for describing the relationships of flow and transformation observed in the fundamental structure of the universe. It is an elegant concept, whether discussing the life of stars, the feeding of bodies or the intensity of industries, the movement of energy is remarkably consistent. In other words, it is very hard to lie about. It has one key characteristic in its movement through systems, the creation of feedback between material structures. Matter congeals from energy, planets and the basic chemical elements of life originate in novae, bronze is forged with fire and earth.

Positive feedback structures the growth of energetic systems and negative feedback shapes their stability. Stars and atmospheres remain balanced between gravity and the void, bodies respire, species co-evolve, ecological cycles persist. A self-similar pattern begins to becomes apparent in the flows of energy and matter through our universe.

…click on the above link to read the rest of the article…

Quantum, Jazz and Dada – 1

November 9, 2018

Quantum, Jazz and Dada – 1

Marcel Duchamp Nude descending a staircase 1912

Ilargi: Much to my surprise, I received a mail from an old friend. Alexander Aston last wrote for the Automatic Earth in 2014. But he hasn’t been idle. Alexander is presently finishing his doctorate in archeology at Oxford, after prior degrees in philosophy and history. And for this article, he’s been thinking about how upheaval and collapse tend to lead to new insights, new bursts of creativity, in science, religion, society and the arts. A view that’s -too- rarely contemplated. It’s so long I cut it into three parts. Please don’t miss any of them.

Here’s Alexander:

Quantum, Jazz and Dada:
The Dynamic Symmetry of Destruction and Creativity

“Do not now seek the answers, which cannot be given to you because you would not be able to live them. And the point is, to live everything. Live the questions now. Perhaps you will then gradually, without noticing it, live along some distant day into the answer.”
– Rainer Maria Rilke

Introduction

This paper is not about Quantum, Jazz and Dada per se, but rather a meditation on those radical bursts of human creativity that occur during historically destructive moments. Ultimately, my thesis is quite simple. Barring the possibility of extinction, humans are on the precipice of the most radical social reorganizations in the history of the species. In navigating this process of transformation, if we wish to create a world worth living in, it is necessary to understand the interactions between energy, ecosystems, cognitive development and social organization.

Without a grasp on the interdependence of these relationships there is no hope for shaping our world in a healthier manner. What is historically unquestionable is that periods of radical upheaval result in drastic reconfigurations of belief, meaning and knowledge.

…click on the above link to read the rest of the article…

Trump and Washington’s Warmongers Sow Death and Destruction

October 2, 2018

Trump and Washington’s Warmongers Sow Death and Destruction

The squalid charade in the US Senate over the nomination of a Supreme Court judge and the comic opera performance by President Donald Trump at the UN General Assembly are deeply embarrassing for many Americans — but far from all Americans, because substantial numbers support the flawed Court nominee and strongly endorse Trump’s arrogant and malevolent insults to so many nations. They relish confronting and menacing those who dare to disagree with them.

Trump’s threats against Venezuela were in line with similar intimidating remarks he made about North Korea at last year’s UN Assembly, but it’s unlikely we’ll see a similar reversal this time round. He also threatened Venezuela last year, and he’s maintained the offensive, in all meanings of the word. In 2017 he declared that President Nicolas Maduro’s government was strangling the country through “faithfully implemented” socialism and vowed to help the Venezuelan people “regain their freedom, recover their country and restore their democracy”. In New York on September 25 he said it would be easy for the Venezuelan military to launch a coup d’état and impose regime change, which was a direct threat to the country’s sovereignty. His encouragement of revolution followed his announcement to the Assembly that “I honour the right of every nation in this room to pursue its own customs, beliefs and traditions. The United States will not tell you how to live or work or worship. We only ask that you honour our sovereignty in return.”

But Trump is telling — ordering — many countries how to live and work, and has no respect whatever for customs or beliefs that do not fit with his confused and distorted view of how the nations of the world should conduct their affairs. He contradicted his statement about all nations having the right to do as they wish by calling on the UN to “resist socialism and the misery it brings to everyone.”

…click on the above link to read the rest of the article…

How destructive is the middle class?

January 5, 2018

How destructive is the middle class?

Firstly, I’ve no wish to define people by accidents of birth and then condemn them for the effects of those accidents – by accent, dress, or other filial habits. Whichever class we’ve been born into remains as our original soil. Parenthood, love, loyalty and some behavioural codes, grow from that sacred ground. There’s nothing we can do about our entry into the world, or our remaining gratitude for it. However, as adults (if we accept that rite of passage) we must look about at the wider world – our connections to and our effects within it.

I’d like you to consider that the current middle class is a defended enclosure by those whose income is largely composed of rent. Perhaps as powerful as land enclosure, I ask you to contemplate a modern enclosure – status property. I leave aside the historical middle class – the yeoman, guildsman, bourgeoisie… I think they may have passed away.

The negative effects of land enclosure are copiously documented by well-known economic philosophers, dating back at least as far as the Reformation (Thomas More). The negative effects of what I’ve chosen to call status enclosure, as far as I can tell, are not documented at all. I speculate that status enclosure may be an even greater drain on a community than land enclosure. At any rate they’ve a similar weight in the scales (and scales of injustice).

I propose that the gathering of rent for status is the central process by which we become middle class.

Status enclosure is the means to a monopoly of services. Lawyer, dentist, GP, architect and so on have gained right of enclosure to impose a large rent for their very existence – not for what their labour may provide.

…click on the above link to read the rest of the article…

How Much Death and Destruction Awaits Us in 2018?

December 31, 2017

How Much Death and Destruction Awaits Us in 2018?

The New Year is one full of economic, political, and war threats.

Among the economic threats are stock, bond, and real estate markets artificially pumped up by years of central bank money creation and by false reports of full employment. It is an open question whether participants in these markets are aware that underlying reality does not support the asset values. Central banks support stock markets not only with abundant liquidity but also with direct stock purchases. The Japanese central bank is now one of the largest owners of Japanese equities. Central banks, which are supposed to provide economic stability, have created a massive fraud.

Throughout the Western world politics has degenerated into fraud. No government serves the public’s interest. (See: https://www.paulcraigroberts.org/2017/12/29/eric-zuesse-explains-americas-worst-enemy/ ) Except for some former Soviet satellites in Eastern Europe, European governments have defied the will of the people by admitting vast numbers of refugees from Washington’s wars and others pretending to be refugees. The European governments further imperil their citizens with their support for Washington’s rising aggression toward Russia. The universal failure of democratic politics is leading directly to war.

The Saker explains that Americans with intelligence, honor, courage, and integrity have disappeared from the US national security establishment. In their place are arrogant morons high on hubris who believe: (1) We can buy anybody, (2) Those we cannot buy, we bully, (3) Those we cannot bully, we kill, (4) Nothing can happen to us, we live in total impunity no matter what we do. http://www.unz.com/tsaker/2018-war-or-no-war/

Scott Bennett reports that US soldiers are being propagandized that Russia is an enemy with whom we are headed to war. https://www.facebook.com/capsule.ninetynine.7/videos/1992321041038611/
The Anglo-Zionist empire is trying to overturn the Iranian agreement and to restart the attempt to overthrow the government of Syria. Lebanon’s Hezbollah is also in the empire’s sights. Washington is arming Ukraine in order to enable an attack on the breakaway provinces of Novorussia.

…click on the above link to read the rest of the article…

Coming Apart: The Imperial City At The Brink

June 20, 2017

Coming Apart: The Imperial City At The Brink

Thomas Cole Destruction of Empire 1836The Conflicts Forum, directed by former British diplomat and MI6 ‘ranking figure’ Alastair Crooke, sent me another unpublished article by Alastair and asked if the Automatic Earth would publish it. But of course. Previous articles by Alastair published here are: ‘End of Growth’ Sparks Wide Discontent in October 2016, Obstacles to Trump’s ‘Growth’ Plans in November 2016 and What is this ‘Crisis’ of Modernity? in January 2017.

Here’s Alastair again:

Alastair Crooke: David Stockman routinely refers to President Trump as the ‘Great Disrupter’. But this is not a bad quality, he insists. Rather, it is a necessary one: Stockman argues (my paraphrasing) that Trump represents the outside force, the externality, that tips a ‘world system’ over the brink: It has to tip over the brink, because systems become too ossified, too far out on their ‘branch’ to be able to reform themselves. It does not really matter so much, whether the agency of this tipping process (President Trump in this instance), fully comprehends his pivotal role, or plays it out in an intelligent and subtle way, or in a heavy-handed, and unsubtle manner. Either serve the purpose. And that purpose is to disrupt.

Why should disruption be somehow a ‘quality’? It is because, during a period when ‘a system’ is coming apart, (history tells us), one can reach a point at which there is no possibility of revival within the old, but still prevailing, system. An externality of some sort – maybe war, or some other calamity or a Trump – is necessary to tip the congealed system ‘over’: thus, the external intrusion can be the catalyst for (often traumatic) transformational change.

…click on the above link to read the rest of the article…

Coming Apart: The Imperial City At The Brink

June 18, 2017

Coming Apart: The Imperial City At The Brink

Here’s Alastair again:

Stockman puts it starkly: “the single most important thing to know about the present risk environment [he is pointing here to both the political risk as well as financial risk environment], is that it is extreme, and unprecedented.

…click on the above link to read the rest of the article…

Surplus or Stimulus

April 25, 2017

Surplus or Stimulus

René Magritte Le Cri du Coeur 1960

Austerity is over, proclaimed the IMF this week. And no doubt attributed that to the ‘successful’ period of ‘five years of belt tightening’ a.k.a. ‘gradual fiscal consolidation’ it has, along with its econo-religious ilk, imposed on many of the world’s people. Only, it’s not true of course. Austerity is not over. You can ask many of those same people about that. It’s certainly not true in Greece.

IMF Says Austerity Is Over

Austerity is over as governments across the rich world increased spending last year and plan to keep their wallets open for the foreseeable future. After five years of belt tightening, the IMF says the era of spending cuts that followed the financial crisis is now at an end. “Advanced economies eased their fiscal stance by one-fifth of 1pc of GDP in 2016, breaking a five-year trend of gradual fiscal consolidation,” said the IMF in its fiscal monitor.

In Greece, the government did not increase spending in 2016. Nor is the country’s era of spending cuts at an end. So did the IMF ‘forget’ about Greece? Or does it not count it as part of the rich world? Greece is a member of the EU, and the EU is absolutely part of the rich world, so that can’t be it. Something Freudian, wishful thinking perhaps?

However this may be, it’s obvious the IMF are not done with Greece yet. And neither are the rest of the Troika. They are still demanding measures that are dead certain to plunge the Greeks much further into their abyss in the future. As my friend Steve Keen put it to me recently: “Dreadful. It will become Europe’s Somalia.”

…click on the above link to read the rest of the article…

Terms of debate: Destroying vs altering nature, the fragile vs the resilient Earth

May 11, 2015

Terms of debate: Destroying vs altering nature, the fragile vs the resilient Earth

Last week’s piece drew responses that throw into relief how much the language we use depends on our most basic assumptions about how the world works. If left unexamined, that language leads to further conclusions that go unchallenged because the underlying assumptions are never scrutinized.

I challenged the Breakthrough Institute’s notion that humans are in one category and nature in another. If one views humans as merely a part of nature or the universe or the web of existence–however one chooses to name that which includes everything–then our role becomes distinctly different.

Under my assumption humans are embedded in the natural world. They are not the sole actors or agents in it, only one of countless actors, most of which we probably know nothing about. We cannot get one up on nature. We can only cooperate with its workings.

When we put nature in one category and humans in another, we make humans an outside and preeminent force over nature. We (falsely) imbue ourselves with god-like power to “control” nature. In this case, “control” means we get what we want without self-annihilating effects. For who could say that they are in “control” of a plummeting airliner headed for a crash just because they still have the ability to move the throttle.

Now, if humans are one with nature, then the only thing they can do to it is alter it. They cannot “destroy” nature. Only if we conceive of ourselves as living on a different plane from nature can we “destroy” it. And, only if we conceive of nature as immutable can we “destroy” it. But nature is always in flux including any flux that results from human action. There is no immutable nature to “destroy” or to “restore.” We cannot run entropy in reverse and reassemble the universe into exactly a state that existed in the past, not anywhere.

…click on the above link to read the rest of the article…

Homes flattened as typhoon roars through Philippines | Reuters

December 7, 2014

Homes flattened as typhoon roars through Philippines | Reuters.

(Reuters) – A powerful, slow-moving typhoon ripped through the central Philippines on Sunday, bringing howling winds that flattened houses and toppled trees and power lines in areas still scarred from a deadly super-storm just over a year ago.

In the coastal villages of Dolores, on Samar island, where Typhoon Hagupit first made landfall on Saturday night, Mayor Emiliana Villacarillo said around 80 percent of homes were destroyed.

“Only the big houses were left standing,” said Villacarillo, adding floods also washed away rice crops in what is a key growing region.

Officials confirmed at least three people had died due to the typhoon, including a resident of Dolores town who was killed by a falling coconut tree.

“The devastation in homes is huge because of the strong winds,” Interior Secretary Manuel Roxas told local radio DzBB from Samar. “Many people voluntarily returned to evacuation centers tonight, even more than those who fled to centers last night, because they do not have homes anymore.”

…click on the above link to read the rest of the article…

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René Magritte Le Cri du Coeur 1960

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