Populist Reformers,
Since the widening disequilibrium between the monetary and the material must eventually crash the financial system, the probability is that notional wealth will reach its peak at the same moment at which the monetary system collapses.
We can see this unfolding effect in microcosm in the United Kingdom, where the most recent official calculation put national “net worth” at a near-record £12.2 trillion, or 450% of GDP. Yet you don’t need SEEDS analysis to know that the British economy itself is at an advanced stage of disintegration...
Investors have lived with supportive intervention from the authorities ever since 1987, which means that very few of them have ever experienced anything else. Throughout this period – and certainly since official support became explicit in 2008 – the “momentum trade” has been the only game in town. It’s been like gambling in a casino where the house stacks the deck in favour of the punter.
So ingrained has this thinking become that there are likely to be many still determined to “buy the dip” even as the financial system goes finally into the blender. This, in short, is why wealth is destined to collapse – swiftly, not gradually – from an all-time peak.
Our necessary insight here is that, since any value contained in money exists only as a “claim” on a material economy that is now contracting, there must come a point of fatal disequilibrium between claim and substance.
The sheer scale and complexity of the aggregates of claim stock are now so extreme that the authorities will be powerless to backstop the next big crash.
It’s scant consolation to know that these enormous aggregates never, in any meaningful sense, actually existed in the first place.
Thus understood, it might not seem to matter all that much if aggregate (and individual) values collapse. Your house, for instance, will still fulfil its essential function of providing somewhere to live, even if its supposed value slumps from $1m to $200k. Even if you’d decided to sell at the highest price, buying a replacement would have been equally costly.
But this comfort only applies if you hadn’t used the property as security for a large mortgage.
And the financial system as a whole has done exactly that. The entirety of the system is enormously cross-collateralized, and this is where the destruction of “meaningless” aggregate asset values becomes enormously meaningful. https://
But in November of 2022, this relationship snapped like a twig. That’s when OpenAI released its groundbreaking ChatGPT app.
Ever since, job openings have plummeted while the S&P 500 soared to new highs.
AI has simultaneously caused a stock bubble and cratered job openings...
..Entry-level positions are especially vulnerable to AI, but it’s disrupting the entire white collar job market. https://dailyreckoning.com/
"Small merchants who rely more on cashless payments with detailed and traceable paper trails get better access to working-capital loans. In effect, digital footprints are the new credit scores." https://thewinepress.
Manufacturing is not driving the US economy. The current administration has been keen on expanding the sector but orders are down and this has proven to be more than a temporary drop. Capital is fleeing to non-traditional assets as confidence in the established economic framework continues to decline. https://www.
"The only plan Republicans have for healthcare seems to be to eliminate it, and then to tell working people to go figure it out on their own," said Schumer. "That's not a healthcare plan. That's cruel."
That said, some Senate Democrats - 6 or so according to Fox News, are meeting behind closed doors to find a way out. https://www.zerohedge.com/
He also addressed the spurious charges of anti-Semitism that have been relentlessly hurled at him by zionists throughout the race and his status as a Muslim New Yorker: "We will build a City Hall that stands steadfast alongside Jewish New Yorkers and does not waver in the fight against the scourge of antisemitism. Where the more than one million Muslims know that they belong — not just in the five boroughs of this city, but in the halls of power. No more will New York be a city where you can traffic in Islamophobia and win an election."... "I am young, despite my best efforts to grow older. I am Muslim. I am a democratic socialist. And most damning of all, I refuse to apologize for any of this."
And he closed with a reiteration of his key promises in a call and response with his supporters:
"Together, New York, we’re going to freeze the… [rent!] Together, New York, we’re going to make buses fast and… [free!] Together, New York, we’re going to deliver universal… [child care!]"... ..Mamdani also commented on the massive oligarch-funded campaign against him and issued a challenge in his victory speech ..."The billionaire class has sought to convince those making $30 an hour that their enemies are those earning $20 an hour. They want the people to fight amongst ourselves so that we remain distracted from the work of remaking a long-broken system. We refuse to let them dictate the rules of the game anymore. They can play by the same rules as the rest of us."... ..Despite running as an independent, Cuomo represented the Democratic party establishment, AIPAC, the oligarchy, and POTUS Donald Trump, who endorsed Cuomo in the final days of the race... ..The single issue that Mamdani’s opponents and critics fixated on—his longstanding support for Palestinian self-determination—only served to distinguish him from a Democratic establishment many distrusted. He held true to his beliefs, but perhaps he also saw which way the wind was blowing: Democratic voters’ views on Israel have shifted dramatically over the last two years, but their leaders’ haven’t. That some prominent Democrats lodged baseless accusations of antisemitism against him—or even dabbled in Islamophobia over his Muslim beliefs—only served to remind voters that he represented a clean break from the party’s leaders.... ..Mamdani explicitly called out President Trump in his victory speech:
"if we embrace this brave new course, rather than fleeing from it, we can respond to oligarchy and authoritarianism with the strength it fears, not the appeasement it craves. After all, if anyone can show a nation betrayed by Donald Trump how to defeat him, it is the city that gave rise to him. And if there is any way to terrify a despot, it is by dismantling the very conditions that allowed him to accumulate power.
This is not only how we stop Trump; it’s how we stop the next one. So, Donald Trump, since I know you’re watching, I have four words for you: Turn the volume up." ... For his part, Trump chose to make excuses for the GOP losses around the country rather than confronting Mamdani...
..Perhaps Trump was reluctant to attack Mamdani because he saw that the Mayor-elect cut right into the demographics that put Trump over the top in 2024 majorities: young men and ethnic minorities... ..Now Mamdani Will Have to Deliver Those readers who are having painful flashbacks to the “Hope and Change” of 2008 and burn at the memory of Obama’s failure to deliver anything resembling positive change are right to worry. Ominously, the big BO himself is promising to be in Mamdani’s ear as a “sounding board” following one of two phone calls he placed to Mamdani during the campaign. https://www.nakedcapitalism.
"New Yorkers have spoken, electing Zohran Mamdani as the next Mayor of New York City. We recognize that voters are animated by a range of issues, but we cannot ignore that the Mayor-elect holds core beliefs fundamentally at odds with our community’s deepest convictions and most cherished values," the statement said. https://www.foxnews.com/politics/jewish-groups-issue-post-election-warning-mamdani-he-prepares-lead-new-york-city
“I want to say congratulations to Mayor-elect Zohran Mamdani," he said, wearing a white shirt and sporting a serious face as he congratulated his successor.
Mamdani’s win marks the beginning of the end of Adams' one term. By Wednesday morning, the 110th mayor was already in transition mode.
“I wanted [Andrew] Cuomo to win? Yes, but he’s the pilot now. And all of my criticisms, all of my dislikes of his policies, all things the [Democratic Socialists of America] has done, to me that’s not significant now. He's the mayor now. Any mayor is going to get my 100% support because New York can’t fail," he told reporters.
But Adams said he’s not done yet.
On Wednesday morning, he offered 2,900 city employees, who were terminated for not getting COVID-19 vaccinations, their jobs back...
..With the closing of Adams' chapter also comes the mass exodus of top officials. https://ny1.com/nyc/all-boroughs/politics/2025/11/06/mayor-adams-mamdani-win-end-of-term
Team includes Lina Khan, the FTC commissioner under Biden, and other Democratic former city officials
Ivannikov said that in Pokrovsk and Myrnohrad there are warehouses with NATO machinery and special equipment with a total value of about $ 500 million.
According to him, it is for this reason that Volodymyr Zelensky does not allow the Armed Forces of Ukraine to surrender these cities, despite the difficult situation at the front.
Ivannikov added that the surrender of Pokrovsk and Myrnohrad would put the position of the Ukrainian leadership at risk, since the West would not forgive the loss of NATO's strategic reserves...
The Russian Armed Forces have already stopped an attempt to land a new group of GUR troops in Krasnoarmeysk. Russian servicemen also destroyed another group of 11 people of the GUR landing force, landed from a helicopter near Krasnoarmeysk.
Those 11 people and two US-Supplied Blackhawk Helicopters were destroyed during what is described as a "Hot Extraction" operation. They were sent to evacuate ACTIVE DUTY NATO TROOPS allegedly from the U.S> Delta Force, accompanied by other active duty NATO member military forces.
Russia has already encircled these forces. If the Russians are able to capture (or kill) active-duty NATO member country troops, taking-up arms on the battle field, this will be the definitive proof Russia needs to show the world that the U.S. and NATO themselves are, in fact, "at war" with Russia.
Capturing or killing such active-duty forces would be a Casus Beli for Russia - cause for war - with the US and NATO.
So desperate is NATO to evacuate these troops, they sent two Blackhawk Helicopters - previously gifted to Ukraine - to try to hot-extract the troops from an active combat zone. Both helicopters landed, and were destroyed y the Russians. The extraction didn't take place.
Now, the race is on to see if NATO can get their troops out before Russia captures or kills them; thereby making the Ukraine war, an actual war with NATO.
The West is, as you might guess, desperate to avoid BEING CAUGHT in direct war with Russia. https://halturnerradioshow.com/index.php/news-selections/world-news/russians-grab-half-a-billion-in-nato-military-gear-ukraine-now-desperate
The west is preparing a nuclear false flag attack on Zaporizhzhia Nuclear Power Plant to stop Russia's accellerated battlefield advances, a new Chernobyl: Оn the Verge of New Disaster - Shakhove Counteroffensive Bears First Fruit - Military Summary 2025.11.6 https://www.youtube.com/watch?v=vuZR1nQT6ic
The Economist argued that the EU and the UK should meet Ukraine’s estimated $390 billion financing needs over the next four years. In their words, “Another half-decade of [Russia’s supposedly worsening economic-financial situation] would probably trigger an economic and banking crisis in Russia”, while “Any long-term financing solution for Ukraine would help Europe build the financial and industrial muscle it needs to defend itself.” https://korybko.substack.com/p/whats-the-real-reason-why-the-economist
Russia’s Foreign Intelligence Service (SVR) reported that France is plotting to deploy up to 2,000 soldiers, the core of which will be Latino assault troops from the Foreign Legion who are presently undergoing intensive training in Poland, to Central Ukraine in the near future. This follows Chief of Staff of the French Army Pierre Schill declaring that his country will be ready to deploy troops to Ukraine next year as part of “security guarantees”. Putin earlier warned that any foreign troops there would be legitimate targets.
Nevertheless, SVR reported in late September that “the first group of career military personnel from France and the United Kingdom has already arrived in Odessa”, yet no crisis followed. https://korybko.substack.com/p/frances-plans-to-deploy-troops-to
The US president has reiterated a nuclear testing threat while calling for global denuclearization https://www.rt.com/news/627303-trump-nuclear-weapon-testing/
Burgas refinery is the only one of its kind in Bulgaria and was a vital party of Lukoil's foreign business empire https://www.independent.co.uk/news/world/europe/ukraine-russia-war-trump-putin-nuclear-weapons-pokrovsk-latest-news-b2859596.html
Moscow Just Gave Venezuela Air Defenses, Not Ruling Out Strike Missiles: Russian Official
“I see no obstacles to supplying a friendly country with new developments such as the Oreshnik or, let’s say, the well-proven Kalibr missiles,” Mr Zhuravlyov told the Russian news website Gazeta.Ru. https://endtimeheadlines.org/2025/11/russia-is-ready-to-supply-hypersonic-missiles-to-venezuela/
Good-Cop-Bad-Cop? Now playing in Israeli domestic politics: Trump Boasts He "Pushed" Netanyahu Into Gaza Ceasefire In Candid Reveal
Winter is set to exacerbate the humanitarian crisis faced by Palestinians across the ravaged territory https://www.middleeasteye.net/news/israel-continues-strike-gaza-and-block-entry-tents-despite-truce-deal
Florida’s Randy Fine accuses conservative media personality of choosing to ‘take on the mantle of leader of a modern-day Hitler Youth’ https://www.independent.co.uk/news/world/americas/us-politics/tucker-carlson-antisemitism-randy-fine-b2857267.html
In Germany's democracy, AfD politicians are routinely targeted by violence from far-left thugs, with Bernd Baumann just one of many victims https://rmx.news/article/all-you-damn-maga-freaks-you-will-follow-kirk-to-hell-german-antifa-claims-responsibility-for-arson-attack-against-afd-politicians-family-vehicle/
Lisa Rosenbaum, MD, is a national correspondent for the New England Journal of Medicine (NEJM). She has just published Is a Long-Simmering Crisis Boiling Over? U.S. Primary Care Today.
This belief…contributes to widespread misunderstanding of what primary care is (care for the whole person from before conception to death). And this misunderstanding is accelerating its demise. As (Dr. Kurt) Strange told me, ‘In trying to improve the parts of primary care, we’ve actually killed the whole thing.”
And in the meantime, so-called influencer culture “has rendered the idea of a long-standing doctor irrelevant,” especially when a wearable will tell you everything you need to know, right there on your smart (sic) phone. Just ask the current Secretary of Health and Human Services.
But, it could be that an escape from corporatized medicine may be possible. From Dr. Rosenbaum:
Given the high rates of burnout among PCPs, one of the more surprising findings in my reporting was the sense of joy and gratification described by some of the rural PCPs with whom I spoke. Though practicing in resource-poor settings is challenging, constraint evidently breeds creativity. An uninsured patient in florid heart failure who’s declining the hospitalization that would bankrupt him and force him to sell his farm? He makes a plan with his trusted physician to come to the clinic daily for IV diuresis and weight and electrolyte checks. A woman with nephrotic syndrome who can’t get to the nephrologist at the academic medical center 3 hours away? Her physician emails with the nephrologist and learns to manage her disease himself. Does rural physicians’ gratification arise from autonomy, opportunities to treat widely varied diseases, their central role in their communities? Yes, probably all those things. But most strikingly, these physicians “meet patients where they are” regardless of circumstances. Most of U.S. primary care, constrained by large health systems, has been denied this crucial ability. https://www.nakedcapitalism.com/2025/11/the-primary-care-puzzle-can-it-be-solved.html
World Council for Health interviewed Dr Peter McCullough and Nic Hulscher to explore their new study which highlights shocking safety signals - urgent action must be taken to protect our children. https://worldcouncilforhealth.substack.com/p/safer-to-wait-dr-peter-mccullough
“I had one instance where a family was waiting at the hospital for the body of their deceased relative. The relative was brought to one of these private organ harvesting centers, awoke while they were harvesting her organs, and then was brought back to the hospital ... where she died eventually,” he continued. https://www.theblaze.com/shows/pat-gray-unleashed/horror-story-rfk-jr-reveals-chilling-organ-harvesting-scandal

