Thursday, June 30, 2022

S&P 500 down 21% in first half of this year. Worst returns since 1970

Its kinda amazing. Biden and company (to include all the politicians of his generation...) all seem to want to recreate the 1970s. Why they would want to recreate such a tumultuous time in US history is beyond me, but they appear to be succeeding. The only thing missing is gas lines.

Late Open Comment Post. 30 June 22

 


Ukraine and Russian engage in a prisoner swap. Ukraine gets back some of it's AZOV troops...

 via Reuters

Ukraine on Wednesday carried out its biggest exchange of prisoners of war since Russia invaded, securing the release of 144 of its soldiers, including 95 who defended Mariupol's steelworkers, Ukraine's military intelligence agency said.

The majority of the Ukrainians were badly wounded, suffering from gunshot and shrapnel wounds, blast traumas, burns, fractured bones and amputated limbs, the agency known by the acronym GUR said in a statement on Telegram.

Here 

Remember me calling bullshit on the NATO increase from 40K to 300K High Readiness Forces? I was right!

 via Washington Post.

Stoltenberg’s announcement caught the top defense officials of many NATO members off guard, leading them to question which of their forces, if any, were being included in the 300,000 figure.

“Maybe it’s number magic?” said one senior European defense official, who, like others, spoke on the condition of anonymity to talk frankly about the confusion.

Several senior European security policymakers said they were taken by surprise, with no advance notice of the plan to expand NATO’s quick-response force from its current size of 40,000 in light of the Ukraine war and Russia’s ongoing military threats to NATO territory.

Here


Wednesday, June 29, 2022

Multiple Y-20s arriving in Kabul with aid deliveries for Afghanistan after the recent earthquake

Spain is the canary in the coal mine of a faltering European economy

I did a blog post where it was stated that certain US officials would risk a global recession and hunger in order to defeat Russia in Ukraine. Seems like they were true to their words. Global recession here we come! I wonder if when all is said and done if everyone cheering now will feel the same after they get destroyed financially and their way of life is changed forever?

NATO declares the Russian Federation as the "most significant and direct threat" to the bloc.....and just like that we lost the Pacific...

The US has just lost the Pacific.

Think about it.  Historically the US has always leaned more toward Europe than to the Pacific.  Now you have this new NATO commitment right in the middle of us turning toward our "pacing threat".

Airpower is being sent to Europe.  Naval power.  More ground forces.

The more we strengthen Europe, the weaker we become in the Pacific.

The difference this time is that the industrial might lies in China, not in the US and if you've noticed our latest moves we appear to have given so much that the shelves are now bare.

Its so bad that Congress is requesting updates on the restocking of our munitions!

If I was the leader of China I'd wait till around Jan 2023.  I'd make sure the Russians stay in the fight and I'd give them anything they needed to keep going.

I'd let the recession hit full force in the West.  Let a little turmoil erupt in the Middle East and Africa.

Then early in 2023 I'd make my move on Taiwan.

Biden will be more unpopular than ever.  Republicans will own Congress and the Red vs Blue state drama will be bigger than ever.

Christmas will be over and everyone will be in a funk because of continued inflation, the recession, high energy prices, shortages of damn near everything and the citizens of the US/EU will be pissed.

That's when you move against Taiwan.

We'll be too divided to unite to fight.  The US military will be strung out from here to Egypt and back again....

They might win without having to fire a shot at an American.