Kunstler: Things Are Getting Real

The Cliff Is Approaching [The Daily Reckoning] April 13, 2024 [WEBSITE]( | [UNSUBSCRIBE]( James Altucher: “Buy These Coins Before the Bitcoin Halving” [James] This coming Sunday, at 7:00 p.m. ET, James Altucher is going to recommend his top six coins for the 4th Bitcoin Halving happening this coming week… He believes it will trigger the LAST CHANCE for everyday folks like you… To turn $1,000 into a six-figure nest egg in the next 12-18 months. [Click here to automatically save your seat for Sunday at 7pm ET…]( Clicking the link above automatically registers you for The Countdown To The 4th Boom. By reserving your spot, you will receive event updates and offers. We will not share your email address with anyone. And you can opt-out at any time. [Privacy Policy](. Kunstler: Things Are Getting Real Saratoga Springs, New York Editor’s note: James Howard Kunstler is worried. Worried about America’s mushrooming debt, about wars that might escalate into conflagrations, about another health crisis. After reading today’s reckoning, you might be worried too. [James Howard Kunstler] JAMES HOWARD KUNSTLER Dear Reader, This is that part of the movie where the hero — you — tumbles off the cliff on Kong Island in a lightning storm with a canyon full of tarantulas down below where you’ll soon be landing. I know, not a pretty picture. The cliff is our country’s financial quandary; the lightning is us getting sucked directly into war; and the tarantula pit below is the emerging peril of COVID vaccine injury and death coming on hard, like your landing. Gold and silver are vaulting up suddenly like nobody’s business (literally). This may be fun to see if you are sitting on a pile, even a small pile, of the stuff. But to everybody else it’s a signal that something is messed up in the complex engine of the economy. You know, of course, that our money is debt. So debt is the fuel that drives that engine. Debt is a promise to pay back money with interest to take advantage of the time-value of money. The time-value of money means it’s better to have the money now (to keep the engine running) than to wait until your work produces money (if it even can). The trouble is debt loses its credibility if there’s no plausible way of paying it back, or even just to keep paying the interest. That’s exactly what is happening now. Is This Sustainable? Everybody can see that the U.S. government is having trouble paying the interest on its debt, which is Treasury bonds, notes and bills (from long duration to short). That debt is running at well over $1 trillion a year. That’s a thousand billion, which is a thousand million, altogether a million million. See, it’s impossible to grok how more than a trillion dollars gets produced in an economy based on selling fried chicken nuggets and streamed movies to people with no jobs. When the Treasury holds an auction on a new issue of bonds (needed to pay off the interest on old bonds) and nobody shows up to buy because they doubt its ability to pay interest on the new paper, our country’s debt becomes worthless. [Secret A.I. Facility To Shock The World!]( [click here for more]( [This A.I. chip]( looks like any other chip… yet I believe it will play a major role in the artificial intelligence boom. It’s currently being mass-produced by the millions as we speak. And you’ll never believe who’s behind these powerful A.I. chips… [Click Here For The Full Story]( As a last resort, the Federal Reserve swoops in and buys that worthless paper by creating “money” on its computer. That “money” goes out into the economy. The Fed pretends to get paid interest. It’s all fakery, a swindle. It’s like putting water in the gas tank of your engine. You know that the engine is going to throw a rod. When it does, it’ll be such a shock that the vehicle it’s running in is liable to hit a bridge abutment or something else hard. That’s what tumbling off the cliff is like. Our “Best-and-Brightest” Meanwhile, the dopes running U.S. foreign policy are so foolishly obsessed with taunting Russia (“poking the bear”) that they can’t give up their sponsorship of the war in Ukraine, which Ukraine is losing because they never had the mojo for the fight. That should have been obvious, but for some reason our “best-and-brightest” overlooked that. No amount of free weaponry and ammo can make up for the fact that Ukraine is running out of young men to pointlessly get shredded by Russian artillery. The average age of a Ukrainian soldier is 43. And Russia’s unwilling to get rolled by NATO and the U.S. in a part of the world Russia has controlled for centuries. Yet “Joe Biden” keeps hinting about sending America’s non-binary army there, and even gearing up the military draft for the nose-ring and blue-hair generation. Good luck with that. Nor does “JB” exercise any control over what Israel does over in the Bible Lands. Bibi gonna do what Bibi gonna do. Israel can’t be persuaded that the current war isn’t a struggle for its existence. Will Israel Go “Mad Dog?” As Scott Adams points out, Israel has decided to pawn off its Holocaust cred in order to treat its enemies as harshly as possible, so as not to get wiped off the map. Israel has treated the Palestinians very harshly. (The Oct. 7 Hamas raid was pretty darn harsh, too). In any case, world opinion went all rancid on Israel. That hasn’t stopped them. Now Israel faces its ultimate foe, Persia, aka Iran, these days. Persia has a big army and a lot of weapons, and all sorts of wing-men in the neighborhood... as a practical matter, most of Islam right now. This week, Persia made noises about an imminent attack on Israel. Didn’t happen so far. [Florida Man Wields Odd Device on Virginia Farm]( [click here for more]( He traveled 1,000 miles away from home… To show you this strange device on a farm in rural Virginia. You won’t know by looking at it, but a secret company behind this strange device could hold the potential to make you rich over the coming years. [Click Here To Find Out How]( America (and Europe, too) wants to play this both ways: to grudgingly help Israel survive while not alienating their Muslim populations. Looks like Israel has decided to go for broke on this one, no matter what we think. Israel may have to go “Mad Dog” in its neighborhood. They may lose this thing anyway. The rest of the world will affect to hate them for it no matter how it ends. Just out of curiosity, I wonder how many angry, determined “sleeper” terrorists have snuck into the USA the past several years across “Joe Biden’s” open border. It’s a bit disturbing to contemplate. At a pro-Palestinian rally in Michigan this week, one member of the religion of peace shouted “Death to America!” Sounded like he meant it, too. Toward the Cliff Also, never underestimate the damage that can be wrought with small arms against “a pitiful, helpless giant,” as Dick Nixon once described our country in an earlier time of distress. There’s your lightning storm. At the bottom of the cliff is the vaxxed-up population of the world waiting for their spike protein-infested bodies and dysregulated immune systems to enter fatal breakdown. Many already have injured organs, hearts, brains, blood, ovaries, etc. Many others will get in trouble when a more efficient COVID-19 mutation goes lethal on them. The public health authorities are desperately trying to conceal the damage. Some organized groups of people are clamoring for the data on vaccine injury and death from places like the CDC, only to discover that the public health agencies not only won’t disclose it but probably avoided even collecting it over fear of what it would show. Horror creeps on little tarantula feet. This is how the movie is going as of April. Spring is hardly fledged. Portent looms at every compass point. You’re in a tight spot. (We all are.) In modern times — and I mean going back to the first twinges of the Enlightenment — faith in the people running things has never been lower. It’s still an election year, har har! It makes you wonder if this movie is actually a comedy. Regards, James Howard Kunstler for The Daily Reckoning [feedback@dailyreckoning.com.](mailto:feedback@dailyreckoning.com) Editor’s note: Why should you care about Bitcoin’s imminent [Fourth Halving?]( Well, if you’d like to make a lot of money in a short amount of time, it’s something you should care about. And tomorrow, Sunday, April 14 at 7:00 p.m. ET, top crypto expert James Altucher is hosting an urgent online strategy session to play it. James says the Bitcoin Halving is GUARANTEED to happen this coming week. And in 100% of the cases, it has triggered a huge boom in these tiny cryptos. This phenomenon has never failed. In fact, during the last episodes of this phenomenon… These same types of coins James is recommending have exploded to peaks as high as 10,000%.... 20,000%... 30,000% or more over the long run. That’s why James believes [these six coins that he handpicked with his team…]( Have the potential to grow a small stake of $1,000 into a shot at a huge six-figure payout in the coming 12–18 months. And on Sunday, James will even give you the name and ticker symbol of one of those coins, completely free of charge. This is big. [Click here to automatically RSVP.]( Clicking the link above automatically registers you for The Countdown To The 4th Boom. By reserving your spot, you will receive event updates and offers. We will not share your email address with anyone. And you can opt-out at any time. [Privacy Policy.]( Thank you for reading The Daily Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:feedback@dailyreckoning.com) [James Howard Kunstler] [James Howard Kunstler]( is perhaps best known for his 2005 book [The Long Emergency]( which predicted the financial meltdown and the implications of the peak oil problem. His 1993 book, [The Geography of Nowhere]( about the fiasco of suburbia, is a campus cult classic among the architecture and urban planning students. [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. 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