Can The Houthi Horse Bring Down the Walls of DC?

How the Houthis Can Pressure the Pentagon [The Rude Awakening] December 22, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Can The Houthi Horse Bring Down the Walls of DC? [Sean Ring] SEAN RING On our editorial call on Wednesday, ex-naval aviator and Paradigm’s venerable historian Byron King mentioned something I hadn’t considered. Byron said - and I’ll paraphrase - that the Houthis were using $100,000 drones to attack commercial shipping in the Red Sea, while the [US Navy was using $1 - 4 million rockets to shoot those drones down](. You don’t need a mathematics degree to see why experts think this unbalanced exchange of munitions will eventually pressure the Pentagon. Before I go on, I must warn you that I’m neither a classicist nor a military man. And though the parallel isn’t exact, this exchange reminded me of a story in The Iliad. Why I Read The Iliad When Micah was born, some of my shortcomings were thrown into sharp relief. For instance, I took a Krav Maga class to learn how to defend my family. That martial art is fascinating. Though I’m no expert, just learning how to strike, block, and run (yes, run away) was worth its weight in gold. I also realized that if I were to pass down some of Western Civilization’s greatest gifts, I needed to read more. The Iliad and The Odyssey were glaring omissions from my library. And since they were meant to be oral tales, I had no guilt in listening to the Audible versions. I highly recommend the Dan Stevens versions. Though The Iliad is about The Trojan War, and The Odyssey is about Odysseus’ circuitous voyage home from the war, both books’ messages are unabashedly anti-war. Homer accomplishes this in a couple of ways. First, that the war would be fought over Helen is ridiculous in and of itself. We see Agamemnon happily back his brother, Menelaus, because he wants the war anyway, not because he’s trying to get his sister-in-law home. It is fascinating that Helen appears at Menelaus’ side in Sparta when Telemachus searches for his father in the Telemachy (the first four books of The Odyssey). After ten years, she hates Paris and wants to return to Sparta. They didn’t teach us that, did they? Second, in Book XI of The Odyssey, when Odysseus visits the Underworld and sees the mighty warrior Achilles there, Achilles says, “‘Say not a word,’ he answered, ‘in death's favor; I would rather be a paid servant in a poor man's house and be above ground than king of kings among the dead.” Third, Homer establishes fatherhood as necessary. He does this at the beginning of The Odyssey by making Telemachus a mealy-mouthed wimp because he is bereft of his father’s guidance his whole life. He also rightly holds Odysseus responsible for the loss of two generations of Ithacan fathers (the men he brought with him to Troy and the suitors, the sons of the men he brought to Troy, whom he killed for trying to marry his wife). Only by Athena’s deus ex machina intervention is Odysseus not lynched in Ithaca when he returns. But there’s another way Homer demonstrates the idiocy of war. [50 Spots Open For The Most Profitable Service In Our Company's History]( Greg Guenthner, one of the top traders in our company’s history, has returned 254% in his REAL model portfolio since this May… When Greg was previously at our business in 2020, he made 567% in a REAL model portfolio over two years… His strategy has been killing it non-stop. Even his followers have been cashing in by the boatload… “This is by far the most profitable service I’ve ever used. I wish I had this 40 years ago when I started investing. I would have enough money to retire by now.” – Ray D. And if you don’t see [this page]( before he accepts his 50 new students…. The opportunity to join the most profitable service in our business could be gone forever. [Click here to learn how to claim one of these coveted spots before they’re gone.]( [Click Here To Learn More]( Glaucus and Diomedes Exchange Armor To shorten the passage, I’ll explain: When Diomedes (Greek) first saw Glaucus (Trojan) on the battlefield, Diomedes thought he was a god and didn’t want to fight him. Glaucus then tells Diomedes his family history. Diomedes replies: Thus did he speak, and the heart of Diomedes was glad. He planted his spear in the ground, and spoke to him with friendly words. “Then,” he said, “you are an old friend of my father's house. Great Oeneus once entertained Bellerophon for twenty days, and the two exchanged presents. Oeneus gave a belt rich with purple, and Bellerophon a double cup, which I left at home when I set out for Troy. I do not remember Tydeus, for he was taken from us while I was yet a child, when the army of the Achaeans was cut to pieces before Thebes. Henceforth, however, I must be your host in middle Argos, and you mine in Lycia, if I should ever go there; let us avoid one another's spears even during a general engagement; there are many noble Trojans and allies whom I can kill, if I overtake them and heaven delivers them into my hand; so again with yourself, there are many Achaeans whose lives you may take if you can; we two, then, will exchange armor, that all present may know of the old ties that subsist between us.” With these words, they sprang from their chariots, grasped one another's hands, and plighted friendship. But the son of Saturn made Glaucus take leave of his wits, for he exchanged golden armor for bronze, the worth of a hundred head of cattle for the worth of nine. Not a great trade, is it? Now, I don’t expect any American sailors and Houthi soldiers to claim their grandfathers know each other and call a truce. But Glaucus, of rich Troy, giving away armor at 10x the cost of Greek armor rings a bell. In fact, some of the aforementioned American rockets are 40x as expensive as the Houthi drones. Dumb. The Walls of Troy Finally Fall The Trojan Horse is as familiar to everyone as any story can be. And yet we fall for it over and over again. Whether it’s porous borders, easy visa programs, or a prolifigate welfare state, we’ve become our own worst enemy. We don’t even make the enemy build the horse anymore. We just open the gates to everyone. In this case, our overseas adventures, which serve no real American purpose, are draining the treasury faster than when Romans overspent on Asian silks or Brits on that peerless herb, tea. Man-bunned demographers claiming that the cheap armaments aren’t a problem miss the point. You can outspend your enemy so much that you wind up bankrupting yourself. “But we can print money!” Sure, we can… until we can’t. Wrap Up This edition is the last original Rude of the year. But next week, I’m serving up the greatest hits. Please look, as they may clear up some cobwebs you may have. I’ll return on Tuesday, January 2nd, for a new, original Rude. Until then, please have a Merry Christmas and a Happy New Year! All the best, [Sean Ring] Sean Ring Editor, Rude Awakening X (formerly Twitter): [@seaniechaos]( In Case You Missed It… Could AI Cause World War III? [Sean Ring] SEAN RING Good Morning Reader, Yesterday, I had a rousing conversation with Jim Rickards about the rise of Artificial Intelligence (AI). As you probably know by now, AI and its offshoot Generative Pre-Trained Transformers (GPT) are all the rage. There is one camp that whole-heartedly believes this technology will transform the world and be bigger than the invention of the internet. While Jim sees this potential (and as do I) he wants to caution you… There are things that both you — and Wall Street — might be overlooking when it comes to AI. We’re talking potential to take over critical infrastructure systems… open floodgates… shut down electricity… Start World War III. If you haven’t had a chance to watch the interview yet, click below to check it out. Here’s some of Jim’s biggest points in the interview… [Biden’s WAR on The Middle Class…]( No president has sabotaged America’s hardest workers like Joe Biden has. That’s why I’m urging you to [watch this urgent presentation](. Because Jim Rickards’ legendary financial contact – who he calls ‘The Banker’ – may be the only man who can solve this American Income Crisis. [Click HERE to learn how 'The Banker' made]( in 4 days… $10,617 in 6 days… and $13,203 in 2 days](. [Click Here To Learn More]( How AI Can Destroy Markets There are endless scenarios that can be devised to show how AI can lead to extreme market dysfunctions. Difficulties could arise in foreign exchange markets in addition to stock markets. The Herstatt Bank collapse in 1974 is a good example of that. Market manipulators using AI can reside in the Caribbean, a Mediterranean island or the Congo. The foreign AI attackers could be Iranian, Russian or Chinese. An AI attack on markets could begin in London, New York or the jungles of Asia since they’re all internet-based. A marquee failure could come from a hedge fund or an iconic investment bank. And so on. The point is, it doesn’t matter… Market panics have different triggers, but all end up in the same place. Panic is part of human nature and plays out in the same predictable ways — sell everything, go to cash, move to the sidelines and wait out the storm. A few can profit from that advice, but when everyone makes the same move at the same time the system breaks down rapidly and, in the end, no one can move. Everyone is trapped in the same doom loop. Circuit breakers, trading halts, government happy talk and communication among market participants all help as far as they go. Still, their ability to palliate a panic is dominated by the speed at which panics spread today in the world of AI. The most important thing to remember… AI will grow more powerful in the future and GPT will have more to say… But both are advanced enough today to carry out functions leading to a market crash. What can be done about it? Well… you’ll have to watch our video to find out! Enjoy your weekend and your holiday. All the best, [Sean Ring] Sean Ring Contributing Editor, The Morning Reckoning feedback@dailyreckoning.com X (formerly Twitter): [@seaniechaos]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 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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