NC Renegades

Imagine: Bitcoin shoots up to a million dollars. You’re a zillionaire! Uh Oh. . . somewhere outside Zanseville, Ohio, a squirrel takes a final chaw through some old insulation on a wire coming out of a transformer. His head blows up in a blue arc flash, and in a few seconds all the electricity goes out from Chicago to Boston. It turns out that seventeen substations in ten states have blown relays, transformers, and switchgear. Some of those components were forty years old and are now manufactured twelve thousand miles away in a country that doesn’t like us anymore. The replacement parts get held up in a Chinese port. The power doesn’t come back on for weeks. Nobody who lives in the eastern USA can get to his Bitcoin wallet, which is just a virtual entity made of computer code residing in a digital “cloud,” i.e., nowhere real.

      Of course, in an event that bad, a lot of other things would fail — really just about everything that comprises modern life — but for sure you could kiss your Bitcoin goodbye, perhaps forever, because by the time the juice comes back on (if it even does), nobody will ever again want to invest their wealth in digital “money” they can’t access, and Bitcoin will go back to whence it came: zero.

     Likewise, the financial system we depend on is a gigantic apparatus grown extremely janky from over-elaboration and hyper-complexity — to the degree that all kinds of things denoted as having “moneyness” are simply hallucinations of the markets that trade them. How many quadrillions of dollars do “derivative” financial instruments represent on the landscape of “money” these days? Most of these things amount to little more than bets that some number — an interest rate, a currency, a revenue flow — will change either up or down. That is, they are figments.

More…

Russia produces almost three times more artillery shells than the United States and Europe together can send to Ukraine, CNN reports.

Russia produces about 250,000 artillery ammunition a month, or about 3 million a year, according to NATO intelligence estimates.

The United States and Europe are collectively capable of producing about 1.2 million ammunition annually for shipment to Ukraine.

“What we are waging now is a production war. The outcome in Ukraine depends on how prepared each side is to fight this war,” a senior NATO official told CNN.

The Russian Army now fires 10 thousand shells a day, while the Ukrainian Armed Forces fire 2 thousand. In some sectors of the front the ratio is even worse.

The Americans want to slightly increase the production of shells, but funding for this is frozen in Congress. Russian factories operate around the clock, seven days a week. There are also purchases from Iran and North Korea.

Now the Europeans are raising money to purchase shells for Ukraine in third countries, since they themselves are limited by their own technological limitations.

Source

The government sponsored invasion of our country will devolve into similar circumstances. Pittsburgh has closed police services city wide from 3:00 – 7:00 AM. Our cities are bankrupt. What do you think will happen when the free money to illegals is cut off?

The Wild West will look quite tame once the French Revolution starts in this country. Once this country accepted the concept of voting for the lesser of two evils, we were doomed.

Good luck because we are in for a wild ride into chaos.

David DeGerolamo