#2 SURRENDER

Impossible now to really plan anything as far as writing goes. Only possible to grab important events from the torrent now passing and capture snapshots while seeing major new and bloody trends emerge.
Overnight Europe has turned inside out. The EU will let Greece default. Let me remind everyone that every major world economy and Central Bank holds Greek debt, as well as the debt of every other EU member. Until last night, the line in the sand had been drawn around bondholders so that they would continue to buy more bonds. With a stroke, that guarantee no longer exists. Italy – in the flash of an eye – is too big to bail and suddenly in worse shape than Portugal. Spain is in a panic and Moody’s has just downgraded Ireland to junk status. So what was the point for Ireland to have taken the last bailout anyway? They should have defaulted then.
All bailouts are dead now, except for maybe QEIII which was hinted at today. (I’ve been saying it was inevitable since before QEII launched.) It won’t make any difference because now the only marketable commodities aside from precious metals are rumors and absolutely irrational and increasingly unmarketable false hopes… Gold up $20 today.
In the U.S. I now give it a 50-50 shot that the U.S. will default on August 2^nd and the global economy will collapse almost overnight. All governments and economies the world over are trading on now are empty promises that can obviously never be kept. The Emperor Has No Clothes. Or as Dmitry Orlov might say,… “Aha!”
In New York the market took hard slide of about 100 points in the last hour. Every signal is total confusion and disorder for tomorrow.
Disorder indeed. That’s the word the major economic analysts have been using to describe the effects of default, whether in Greece, the U.S. or anywhere else. What it means is panic and chaos.  -- Voila.
As for DSK’s battle on Olympus I’d bet my last dollar that he’s getting the upper hand and that’s what led to the Greek default decision. I cannot understate the impacts of this. Also cannot rule out that the assassination of Hamid Karzai’s half brother in Afghanistan today isn’t a part of the same Olympian cage fight. Ahmed Wali Karzai was one of the biggest players in the Afghan opium trade. He played with the CIA, the Taliban, and all the factions controlling the cash from that trade. At stake with his murder – among other things – is control of those cash flows and where they get “deposited”. While not enough to prop up the collapsing global economy, they are enough to provide extra leverage to the warring factions to use against each other.
Meanwhile in the States a record-breaking heat wave is cooking people in 24 states, while in Japan people are going to work in heat near 100 degrees F, in office buildings that have no air conditioning. In Africa 12 million are dying of thirst…
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I surrender.
The concept of surrender is one of the most powerful lessons I have ever learned. It has made me many times stronger and more resilient.
I cannot control or change these events.
I do not hold myself responsible for containing all of the human suffering which these events reveal.
I too must understand and accept that all of us at Collapsenet can only do the best that we can do.
I want to fault myself for not having spoken up sooner about what I’m learning about the importance of HAM radio licensing and acquisition like I did on the radio show Sunday… But I do not.
I want to fault myself for not having recognized and spoken out more about the life-saving opportunities and immediate local empowerment offered by The Grange… But I do not.
I do want to trumpet a great idea I heard from two Grangers (one a member of the California State Grange) about each Grange around the country getting a quick and very easy FCC micro-station license to set up radio stations perfectly suited to serve local communities while reaching every radio in every car and on every nightstand. If there’s a Grange near you, go there and join and bring it up. The Grange is a hugely important and historic institution in the United States. It was also set up to do just the things that are needed now and that are left for us to do.
Surrender is not fun. Surrender hurts. We tend to leave claw marks on everything we let go of.
For many years I anticipated and even wrote about the point in time where someone would hit the “Puree” button on the Waring blender. I warned that it would become impossible to keep track of everything.
Oh how I hate letting go of control of anything. Yet I am obviously not in charge and never was.
Now for the most-important spiritual insight I was ever given…
“Climb down off the Cross asshole! We need the lumber!

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