Look, I don't talk about Climate Change very often, A because plenty of other people better cover the issue than I ever could, and B because establishment of the Democratic Party along with the Liberal establishments of most European countries, are using Climate Change to push an agenda of artificial food scarcity to raise prices and I personally believe, to ensure the poorest among us are too busy fighting for scraps of food to fight the Capitalist Class.
They don't ask the US Military, the largest polluter on the planet to make cuts, they don't ask the Fossil Fuel companies to make cuts, they're not asking the elites flying in private jets to make cut backs, no they ask us, the workers to cut back, or they ask the farmers to make do with fewer animals at a time when small and medium farms are in crises, completely unable to compete with large Corporate factory farms who, for all intents and purposes own the regulators and literally write the regulatory laws themselves.
I won't play along with this kind of attack on the working class under the guise of Climate Change.
But all that being said, ITS FUCKING HOT OUT THERE. This shit just isn't normal.
Last week we had a day with a heat index pushing 130°F, yesterday's was about 120°F and today a bit more mild at only 115°F.
At Persian Gulf Airport in Iran reached a heat index of 152°F on July 16th.
And it seems it's not getting any better this week:
Stay safe everyone, hide in the shade and AC where you can, stay cool and drink plenty of water 🥤
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You know you're really into Moon Knight when you buy a blu-ray player so you can watch the MK box set when it arrives months in the future.
I've never been one to amass a library of books or other physical media. Streaming has been a godsend, but of course the powers that be are surely but slowly ruining it so it's time to create a physical archive of the must-haves.
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Three, four years ago I could have told you, and did tell people, that inflation would start steadily going up, and I said even then that it would likely be stubborn, meaning it wasn't going to be an easy fix.
I knew this back then because it was obvious, even years ago, that the BRICS countries, along with many African and South Asian countries and elsewhere were looking for ways to get around using the US Dollar for trade.
They were making moves to expand trade relations outside US dollar transactions and were for many years planning and building the infrastructure for a future Multipolar world.
And that process began rapidly picking up pace three or four years ago.
I began to say then, what I'm still saying now, as that process goes on and trade outside the US Dollar system grows exponentially year-on-year, that's going to begin to have an effect on inflation.
Why? Well, Imperialism really. Because the US for decades has depended on the steady demand for US Dollars to hold down inflation, allowing the US to use debt spending to finance wars, military bases and imperialistic ventures like Syria.
Remember, it was the US in its massively dominant position after WWII that built the Bretton Woods System that made the US Dollar the world reserve currency pegged to gold, and it was the US that unilaterally abandoned Bretton Woods 1 and took the dollar off Gold, allowing for the US to finance wars through debt spending, and created the Petro-Dollar with Saudi Arabia in the 1970's.
This debt spending is essentially the surplus value from the Global South and other poorer countries that must buy US Dollars to fund infrastructure projects, energy consumption, food and medicine imports, etc since it's the world reserve currency and if you wish to use the US Financial System at all, such as the World Bank, or SWIFT messaging system, well you have to use US Dollars.
Basically, it's the sucking of the wealth out of poorer countries to finance their own economic oppression.
But as these countries catch on and with new rising global powers like Russia, China and Iran building the infrastructure for an alternative system, the US Dollar is being abandoned faster than ever.
In 2000, more than 70% of Foreign Exchange Reserves were held in US Dollars. By 2020, that figure had dropped considerably to 59%. And the rate at which it's dropping is only increasing.
Knowing this, I said back in 2019 and 2020 that inflation was likely to become a problem. And if it did become a problem, then we knew exactly what the Fed would do as a result: dramatically increase benchmark Interest rates.
This didn't take any particularly specialized or secretive sources to figure out. It's been obvious for years to anyone seriously interested in economics and geopolitics.
And what happens when interest rates go up? The value of the bonds bought under lower interest rates suddenly go way down, while debts become more expensive. It's like gravity in economics.
So with all that being said, why then did all these banks (Signature Bank, First Republic Bank, and Silicon Valley Bank) continue buying troubled assets and Treasury bonds if they're so smart and educated and knew all this?
I mean, these guys are supposed to be the best of the best corporate bankers, right? On the cutting edge of investment banking, right? That's what everyone said even just months before Silicon Valley Bank failed. (CNBC host and moron of the year Jim Cramer literally praised Silicon Valley Bank less than a month before its failure)
So one of two things must be true here and neither one is good for YOU the average worker.
Either these bankers are idiots; complete morons who have little to no understanding of basic economics, geopolitics, and monetary policy, something that should be of concern to all of us.
I mean, I'm just a dude working for a small retailer in New Orleans and even I knew this inflation and higher interest rates were coming.
So why exactly are these people paid such exorbitant salaries? If I can understand the basics of their job better than they can, why am I a retailer, and he, a millionaire banker???
So that's one possibility, one I'm virtually certain is actually true, that our ruling Elite isn't particularly smart or well educated in reality, anymore than ordinary people I meet everyday, and any one of us could easily do their jobs just as well or better than they do given the opportunities afforded to them.
But even if in this case, that's not what happened. That these weren't idiots. Well then the alternative is something that should also be deeply disturbing to you: that these bankers knew they would be facing this situation, that they were well aware of the coming inflationary pressures and equally aware what the Feds response would be, interest rate hikes.
And instead of using the last couple of years to shed possibly dangerous assets and shore up the money the banks kept on hand, they continued to do what was personally making them so much profit, at the expense of tax payers, because they were absolutely certain that the government these bankers spend so much money on campaigns for, would swoop in regardless of the recklessness of their behavior, and bail them out no matter what.
These are not the signs of a healthy political, economic or banking system.
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Rewatching Bo Burnham's Inside.
I'm never ever gonna get over how everyone watched this and wrote essays and how even liberals were watching it and how white people STILL posted tiktoks about how THEY were socko (a clear representation of PoC experiences in liberal spaces) and now people are like vote for Joe Biden!!
Like I???????
these people could literally have the problem blasted directly into their fucking brains and treat it like a personality for a month and they would STILL yell at me when I say our government is the problem and that we need to address it from outside their white comfort zone. That their comfort zone is in fact holding progress back.
I frfr can not believe the reality I've found myself in as a disabled native
'What can I do to help?'
'Read a book or something, I don't know Just don't burden me with the responsibility of educating you. It's incredibly exhausting'
'I'm sorry, Socko. I was just trying to become a better person'
'Why do you rich fucking white people insist on seeing every socio-political conflict through the myopic lens of your own self-actualization? This isn't about you. So either get with it, or get out of the fucking way'
'Watch your mouth, buddy. Remember who's on whose hand here.'
'But that's what I- Have you not been fucking listening? We are entrenched in a way- (starts to put Socko away) Wait, wait, no please! I don't wanna go back, please! I can't go, I can't go back. Please, please, I'm sorry!'
'Are you gonna behave yourself?'
'Yes'
'Yes, what?'
'Yes, sir'
'Look at me'
'Yes, sir'
'That's better'
Like what level of dystopian is that this was Everywhere just a few years ago and STILL people are saying shit like 'i think the brown ppl's expectations should be more realistic cuz we definitely need to vote to keep killing them overseas to save the white gays on us soil'
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