Podcast appearances and mentions of Richard Russell

Hobart’s beloved arts festival Dark Mofo is all grown up - so does it still have the power to shock? And why does everyone love taking their clothes off in Tasmania’s frigid midwinter? Find out more about The Front podcast here. You can read about this story and more on The Australian's website or on The Australian’s app. The weekend edition of The Front is co-produced by Claire Harvey and Jasper Leak. The host is Claire Harvey. Audio production and editing by Jasper Leak who also composed our theme.See omnystudio.com/listener for privacy information.

It was 7:32 PM on August 10th, 2018 when security warnings notified all employees at the Seattle-Tacoma airport to immediately halt activity until further instruction. At first, nobody knew that a Bombardier Q400 plane had just executed an unauthorized take off from the runway but soon, locals would notice the 76-passenger aircraft flying unusually low to the ground. Behind the yoke was 28-year-old Richard Russell, a Horizon Air service agent. After repeated attempts, air traffic control was able to reach him, and what followed would be a conversation that so many would never forget.   Listen to the full episode on PATREON

THIS IS A PREVIEW. FOR THE FULL EPISODE GO TO Patreon.com/worstofall Caleb @BirdRespecter (Western Kabuki, 60 Minute Drill) joins Brian and Josh to tell the story of Richard “Beebo” Russell, a man who walked off his job as a baggage handler at Seattle-Tacoma International Airport one day in 2018 to steal an airplane. Russell and his ill-fated flight quickly became a cause célèbre among some of the darkest corners of the internet, continuing to this day. This episode tries to figure out how and why that happened. Note: This episode deals with suicide and racist extremism. Caleb: Bluesky // Twitter // Linktree Western Kabuki: Formerly the preeminent Nick Cage podcast, this show is now a few friends from Twitter, @Birdrespecter, @AGoldmund, and @JUNlPER discussing what's going on online. Patreon // Spotify // Apple Podcasts // Bluesky // YouTube Media referenced this episode: “The Sky Thief: Beebo Russell's Last Flight” by Tim Dickinson. Rolling Stone, June 24, 2021. “I Worked With Richard Russell at Horizon Air, and I Understand Why He Did What He Did” by Todd Bunker. The Stranger, August 17, 2018. “‘Airplane of opportunity'? Richard Russell raised pilot's suspicions a year before Sea-Tac plane heist” by Lewis Kamb. The Seattle Times, September 12, 2018. “Sea-Tac air traffic controller faced ‘one in a million' scenario with stolen plane” by Daniel Beekman and Michelle Baruchman. The Seattle Times, August 11, 2018. “FBI: Richard Russell, who stole plane from Sea-Tac, acted alone, crashed on purpose; motive a mystery” by Lewis Kamb. The Seattle Times, November 9, 2018. “Human remains, flight data recorder found among wreckage of stolen plane on Ketron Island” by Stacia Glenn. The News Tribune, August 13, 2018. “Airline job was way for man who crashed stolen plane to visit Alaska” by Adam Lynn, Alexis Krell, Sue Kidd, Lauren Smith and Craig Sailor. The News Tribune, August 12, 2018. “White nationalists and the ‘Sky King'” by Martin McKenzie-Murray. The Saturday Paper, August 18, 2018. FBI press release on investigation from November 2018 Redacted FBI report from the investigation Music used in this episode: Anticipation by Drill Folly Lookin' For That Orca (Beebo's Song) by Johny Maudlin TWOAPW theme by Brendan Dalton: Patreon // brendan-dalton.com // brendandalton.bandcamp.com Interstitial: The first seven pages of “The Hidden Enemy,” written and performed by Josh Boerman

TikTok has become enthralled with the idea of Thalassotherapy... which is basically going to the ocean to feel better. Dr. Sydnee talks about the history of this "sea cure" and Dr. Richard Russell, the man who popularized it in the second half of the eighteenth century.Music: "Medicines" by The Taxpayers https://taxpayers.bandcamp.com/National Immigration Project: https://nipnlg.org/about/who-we-are 

(812) 960-0215Text or drop us a voicemail!Richard Russell steals airplane: https://www.facebook.com/share/v/1BmceYnxRk/?mibextid=wwXIfr

Welcome to Hiatuscast! We discuss the crumbs we've gotten, such as the Weeknd collaboration and the tracks from Everything Is Recorded. Also, is The White Lotus gay culture? We ask the important questions.

durée : 00:05:54 - Dans la playlist de France Inter - L'influent DJ et producteur anglais signe un troisième album somptueux, marqué par ses méditations et l'éclat des voix invitées : Sampha, Bill Callahan, Noah Cyrus ou encore Florence & the Machine.

Die Hamburger Musikerin Derya Yildirim und ihre Grup Şimşek haben ein neues Album veröffentlicht, produziert vom Soul Experten aus New York. Und der Engländer Richard Russell huldigt dem britischen Folk Revival der 60ies

  Author & Researcher Jim DiEugenio Jim is often on Black Op Radio to promote the JFK research published at Kennedys and King. John Washburn has written an impressive 3 part original series on the Tippit murder. Washburn used the testimony from Dallas Police officers to prove that the "official" Tippit story is false. Why did the Dallas Police Department need to create stories about Tippit's murder? The Warren Commission tried to hide internal dissent among the members about the "official" results. Not all WC members were aligned with what Allan Dulles & John J. McCLoy were saying. Richard Russell, Cooper & Boggs were the first people to publicaly break away from the Warren Commission. Paul Abbott has written a story about Leon Hubert & Burt Griffin with deep concerns about the Ruby investigation. The connections between Jack Ruby & Lee Oswald were not thoroughly investigated by the Commission. Johnny Cairns has written a long review on Larry Hancock & Boylan release "The Oswald Puzzle". Donald Trump & Zelensky battled it out in the White House last week. Watch Here. Len & Jim discuss the latest book by Scott Horton, "Provoked". Find Here. Reading "Provoked" inspired Jim to publish a 4 part series on his Substack. View here. Len listens to Mike Benz, Jeffrey Sachs, Col. Douglas MacGregor, Scott Horton, Joe Rogan etc... To understand what's happening now, you almost need to unlearn everything you've been told. Horton writes that the US organized coupes against Belarus & Georgia during the George Bush administration. These were not spontaneous uprisings, these were American sponsored events, pouring tens of millions into the area. The "Orange Revolution" in Ukraine was to get rid of the 4th Ukrainian President, Viktor Yanukovych. Mike Benz refers to these events as "Rent-A-Riot" as people are paid to portray themselves as protesters. USAID has financed a lot of these NGOs that have been causing chaos around the world. What is the point of taking NATO & starting the colour revolutions right on the border of Russia? With the fall of the U.S.S.R., were the Neocons preparing for a Cold War II? Kennedy created USAID to help struggling countries with democracy & to compete with Russia. What USAID turned into was a far cry from what Kennedy envisioned, turning into a money laundering mechanism. One of the big arguments that Kennedy had was with John Foster Dulles who threatened to cut off foreign aid. Elon Musk was recently on the Joe Rogan Experience. Watch here. In Canada, the government has removed American made liquor off the shelves. Canadians have no interest in joining a country 36 Trillion in debt. There were at least 11 former FBI agents policing Twitter before Elon took it over. Why did the FBI & Twitter owners strive so hard to cover up the Hunter Biden fiasco? #BidensLapTopMatters Jim answers letters from Black Op Radio listeners! Thank you to everyone who writes in! The Epstein files are controversial, upsetting people as they are very redacted. Will this happen to the JFK files? We can have huge conspiracies in Watergate, Iran Contra, etc. but not in the JFK assassination? The Oswald Puzzle: The Pieces That Won't Fit - Part 2 Fair Play for Burt Griffin and Leon Hubert of the Warren Commission? The Death of Tippit - Part 1 The Death of Tippit - Part 2 Jeffrey Sachs (@JeffreyASachs) / X Mike Benz (@MikeBenzCyber) / X Douglas Macgregor (@DougAMacgregor) / X Joe Rogan (@joerogan) / X  

Richard Russell ist eigentlich Chef des Londoner Indie-Labels XL Recordings. Doch auch mit eigenen Releases kennt er sich aus: Letzten Freitag veröffentlichte er sein drittes Album unter dem Namen Everything Is Recorded und lud dafür fast zwanzig Featuring-Gäste ein. +++ PLAYLIST +++ 22:57 DEATH SONG von HEY, NOTHING 22:53 HONEYCOMB von PANCHIKO 22:50 CHOOSE THE LATTER von FINN WOLFHARD 22:46 END OF BEGINNING von DJO 22:41 TAKE A WALK von PASSION PIT 22:37 WE MUST HAVE BEEN ASLEEP von AINO SALTO 22:34 ROOM333 von SIRENS OF LESBOS FEAT. ZACARI 22:30 WE ALL FALL von BELIA WINNEWISSER 22:23 BOXING von MOUNT KIMBIE FEAT. KING KRULE 22:19 JUST AS WELL von PANDA BEAR 22:12 WHIRLPOOL von PANDA BEAR & SONIC BOOM 22:09 I CAN DO WHAT I WANT von MEI SEMONES 21:56 GOOD KID von KENDRICK LAMAR 21:51 RED BLACK AND GREEN von ROY AYERS 21:46 EVERYBODY LOVES THE SUNSHINE von ROY AYERS 21:43 POTENTIALLY THE INTERLUDE von NONAME 21:39 PONDEGGI von YAEJI/E WATA 21:35 MY & ME VON EVERYTHING IS RECORDED FEAT. LAURA GROVES/SAMPHA/RICKEY WASHINGTON/ALABASTER DEPLUME 21:31 PORCUPINE TATTOO von EVERYTHING IS RECORDED FEAT. NOAH CYRUS/BILL CALLAHAN 21:28 SUSPENDED von SAMPHA 21:23 ETHER von EVERYTHING IS RECORDED FEAT. MADDY PRIOR 21:22 FELL IN LOVE WITH A GIRL von THE WHITE STRIPES 21:15 FIRESTARTER von THE PRODIGY 21:12 FIRELIGHT von EVERYTHING IS RECORDED FEAT. BERWYN/FLORENCE WELCH/ALABASTER DEPLUME 21:08 FREE von FLORENCE AND THE MACHINE 21:03 LOSING YOU von EVERYTHING IS RECORDED FEAT. SAMPHA/LAURA GROVES/JAH WOBBLE/YAZZ AHMED

Everything is Recorded es el proyecto colaborativo del productor y jefe del sello XL Recordings, Richard Russell. Acaba de publicar 'Temporary', su tercer álbum de estudio, en el que, teniendo en cuenta su posición, la lista de involucrados es increible: Sampha, Bill Callahan, Florence Welch, Alabaster Deplume, Yazz Ahmed, Kamasi y Rickey Washington o Nourished By Time, entre otros. Por primera vez en esta aventura, la melodía lo une todo y gobierna por encima del ritmo. Playlist:Shygirl, Jorja Smith, SadBoi - Wifey RiddimHope Tala - Thank Goodnessserpentwithfeet, Ben Reilly - SEAGULLBlack Country, New Road - Happy BirthdayMdou Moctar - Funeral For Justice (Injustice Version)The Smile - Don't Get Me Started (James Holden Remix)Everything is Recorded, Sampha, Laura Groves, Jah Wobble, Yazz Ahmed - Losing YouTunde Adebimpe - God KnowsThe Voidz - Blue Demonbdrmm, Working Men's Club - goitTwo Shell - Oops...Marie Davidson - Y.A.A.M.Paris Texas - Twin GeekerDesire - Dream GirlConfidence Man, Eliza Rose - I HEART YOUEscuchar audio

Send us a textFascinating, sometimes unexpected pairings and groupings are the name of the game on this week's @weheardwonders podcast. Iain and Andrew share their favourite musical mash-ups, before moving on to review five collaboration-heavy new projects. Bobby Gillespie lives out his noirish, faded glamour fantasies alongside Mr & Mrs of French garage-rock The Limiñanas; DARKSIDE expand to a trio and jam out; Richard Russell and assorted friends turn existential on the latest Everything Is Recorded document; Sun Ra acolyte Marshall Allen enlists Neneh Cherry and proves it's never too late to take centre-stage; while Japanese folk singer Ichiko Aoba and composer Taro Umebayashi once again take a deep dive into the fantastical. Something dark and devilish has The Vinyl Word. Listen to We Heard Wonders on your podcast platform of choice; tell your friends; like, subscribe and recommend; catch up with previous editions and support the show by buying us a Coffee (link in the show's bio).www.buymeacoffee.com/weheardwondersSupport the showwww.instagram.com/weheardwonderswww.buymeacoffee.com/weheardwonders

Durante toda la semana repasamos 'Temporary' el tercer álbum del proyecto colaborativo del prestigioso productor británico, comentado por él mismo.En el programa de hoy también sonaron nuevas canciones de Deacon Blue, Miami Horror, Mochakk, Miki Berenyi Trio, Model/Actriz, The Monnlandingz y The Smile, además del recuerdo a David Johansen (New York Dolls)Escuchar audio

durée : 00:54:47 - Et je remets le son - par : Matthieu Conquet - Oui le monde brûle ou sombre encore mais plusieurs voix dans cette rentrée pour aller mieux : Bad Bunny, Celeste, Dalí, Bosh, Greentea Peng... On parle aussi de Richard Russell et son projet Everything is Recorded et de l'inimitable Sugar Pie DeSanto.

On this episode you will learn that when it comes to endurance sport there is little that Richard Russell has not completed. Easily 100 marathons, Dusi Canoe, 15 Avon Descents, 28 Comrades Marathons and 10 Two Oceans to just touch on a few. We discuss all the above and also his choice to pursue a career in geology which has taking him across the globe. He talks about being chased by elephants and also his time in the army which he says shaped his life. For more, check out the Stimulate Run podcast instagram page. https://www.instagram.com/stimulaterunpodcast/profilecard/?igsh=aTJwbGEwc2k2ZDdshttps://strava.app.link/oYqJCjgYyPb

Some optical illusions can make celebrities look like they've swapped genders, and it's all about the way we see faces. Richard Russell, a researcher, studied how the contrast in facial features plays a big role in making a face look masculine or feminine. For example, women's faces naturally have darker eyes and lips compared to their skin, giving them higher contrast, while men's faces have less contrast. It's like a magic trick for your brain because it relies on how we're wired to interpret gender through subtle facial details. Let's see if this and other optical illusions can fool your brain easily. Credit: Face or vase: By Nevit Dilmen, CC BY-SA 3.0 https://creativecommons.org/licenses/..., https://commons.wikimedia.org/w/index... CC BY-SA 4.0 https://creativecommons.org/licenses/... the Red Fort: By Waitforyuvi, https://commons.wikimedia.org/w/index... Baga Beach3: By Arulvallavan, https://commons.wikimedia.org/w/index... Taj Mahal-01: By Buiobuione, https://commons.wikimedia.org/w/index... Time to fish: By Bernard303, https://commons.wikimedia.org/w/index... Belavia Boeing 737-300: By Andrzej Ilka, https://commons.wikimedia.org/w/index... Rubin's Vase: By Anonymousracoon123, https://commons.wikimedia.org/w/index... Rubin vase: By PaoloGonzalez, CC BY 4.0 https://creativecommons.org/licenses/..., https://commons.wikimedia.org/w/index... Animation is created by Bright Side. ---------------------------------------------------------------------------------------- Music from TheSoul Sound: https://thesoul-sound.com/ Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD... Subscribe to Bright Side: https://goo.gl/rQTJZz ---------------------------------------------------------------------------------------- Our Social Media: Facebook:   / brightside   Instagram:   / brightside.official   TikTok: https://www.tiktok.com/@brightside.of... Telegram: https://t.me/bright_side_official Stock materials (photos, footages and other): https://www.depositphotos.com https://www.shutterstock.com https://www.eastnews.ru ---------------------------------------------------------------------------------------- For more videos and articles visit: http://www.brightside.me ---------------------------------------------------------------------------------------- This video is made for entertainment purposes. We do not make any warranties about the completeness, safety and reliability. Any action you take upon the information in this video is strictly at your own risk, and we will not be liable for any damages or losses. It is the viewer's responsibility to use judgement, care and precaution if you plan to replicate. Learn more about your ad choices. Visit megaphone.fm/adchoices

Richard Russell, alias ‘Fly King', était un employé de l'aéroport de Gatwick qui, en 2018, a volé un avion Horizon Air, dans l'état de Washington. Après une heure de vol, il a crashé l'appareil, mettant fin à sa vie. Que s'est-il passé?

In this 3rd and final episode on Oswald in Mexico City, we look at Oswald's alleged meetings with Valeriy Kostikov in the Soviet Consulate and Silvia Duran in the Cuban consulate. We also examine the letter Oswald allegedly wrote to the Soviet Embassy when he was back in Dallas, and take a look at what Marina Oswald said about Mexico City. Finally, we listen to some phone calls from President Lyndon Johnson to learn how he convinced Senator Richard Russell and Chief Justice Earl Warren to join what later became the Warren Commission. Twitter - https://twitter.com/solvingjfk Facebook - https://www.facebook.com/solvingjfk Instagram - https://www.instagram.com/solvingjfkpodcast Tik Tok - https://www.tiktok.com/@solvingjfk Transcripts and Sources - https://www.solvingjfkpodcast.com

pWotD Episode 2660: 2018 Horizon Air Q400 incident Welcome to Popular Wiki of the Day, spotlighting Wikipedia's most visited pages, giving you a peek into what the world is curious about today.With 145,547 views on Tuesday, 13 August 2024 our article of the day is 2018 Horizon Air Q400 incident.On August 10, 2018, a Horizon Air De Havilland Canada Dash 8-400 was stolen from Seattle–Tacoma International Airport (Sea–Tac) by 28-year-old Richard Russell, a Horizon Air ground service agent with no piloting experience. After Russell performed an unauthorized takeoff, two McDonnell Douglas F-15 Eagle fighters were scrambled to intercept the aircraft. Sea–Tac air traffic control made radio contact with Russell, the sole occupant, who described himself as a "broken guy, got a few screws loose, I guess." About 1 hour and 15 minutes after takeoff, Russell crashed the aircraft on lightly populated Ketron Island in Puget Sound, killing himself.This recording reflects the Wikipedia text as of 03:04 UTC on Wednesday, 14 August 2024.For the full current version of the article, see 2018 Horizon Air Q400 incident on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm neural Stephen.

Dive deep into the Cold War's hidden history as we uncover the enigmatic Baku UFO Incident involving U.S. Senator Richard Russell. This captivating episode transports viewers back to 1955, during Senator Russell's secretive journey through the Soviet Union. Amidst the intense espionage and diplomatic tensions of the Cold War, Russell, alongside a small group of American observers, encountered what appeared to be an unidentified flying object near Baku, Azerbaijan. This sighting would later stir significant controversy and intrigue within the U.S. government.Explore the detailed account of that mysterious evening when Senator Russell and his companions witnessed a baffling aerial phenomenon that challenged their understanding of technology and flight. We delve into the various theories surrounding the incident: Was it a clandestine Soviet aircraft, a psychological operation meant to intimidate, or truly an encounter of the extraterrestrial kind?Through declassified documents, and expert analysis, we examine the implications of this sighting on international relations, aerospace technology, and military strategies during the Cold War. The episode also highlights the intensive investigations carried out by the CIA and the U.S. Air Force, which remained shrouded in secrecy amidst the spy games and technological races of the era.This video is a must-watch for enthusiasts of UFO history, Cold War espionage, military history, and conspiracy theories. It sheds light on how this significant event influenced U.S. defense policies and perceptions of Soviet capabilities.Remember to subscribe to My Dark Path for more thought-provoking episodes exploring the fringes of history, science, and the paranormal. Engage with us in the comments and share your views on this perplexing incident. Follow us on our social media channels to continue the discussion and get exclusive content from behind the scenes.#UFOs #ColdWarHistory #SenatorRussell #SovietUnion #MilitaryHistory #CIA #USAF #Espionage #ConspiracyTheories #AerospaceTechnology #BakuUFOIncident #MyDarkPathVisit us at www.mydarkpath.comwww.youtube.com/@mydarkpathwww.patreon.com/mydarkpath

  Jim DiEugenio and Len Osanic interview Morris Wolff Book: Lucky Conversations: Visits With the Most Prominent People of the 20th Century by Morris Wolff Morris had the oppportunity to talk to JFK, RFK, Teddy Kennedy, Adlai Stevenson and others Arlen Specter was the best man at Morris's wedding "Two roads diverged in a wood, and I took the one less traveled by, And that has made all the difference" - Robert Frost www.aiesec.org Morris also met and spoke to Kwame Nkrumah and Patrice Lumumba How Morris got to meet John Kennedy Morris helped write the Civil Rights Act of 1964 How Morris got in touch with Robert Kennedy Morris's encounters with John Sherman Cooper, Richard Russell and Lyndon Johnson Book: JFK Revisited: Through the Looking Glass by Jim DiEugenio: Hardcover, Kindle JFK Revisited: The Complete Collection Blu-Ray + DVD Rent/buy JFK Revisited: Through the Looking Glass: Showtime, Prime, iTunes, Vudu, Microsoft Rent/buy the documentary series JFK: Destiny Betrayed: Amazon Prime, iTunes, Vudu Morris's conversation with Jackie Kennedy Morris attended the I Have A Dream speech with John Lewis When Morris met with Malcolm X Book: The Bill of the Century: The Epic Battle for the Civil Rights Act by Clay Risen: Hardcover, Paperback, Kindle, Audiobook Book: Whatever Happened To Raoul Wallenberg by Morris Wolff: Paperback, Kindle Morris's lawsuit against the Soviet Union Morris also met with Eleanor Roosevelt and the former Israeli Defense Minister Moshe Dayan  

Esta semana, Rebelión Sónica se hace cargo del que es, sin duda, uno de los discos más importantes de la temporada: “I/O” del fundamental cantante y compositor británico, Peter Gabriel. Editado el 01 de diciembre por el sello Real World, se trata el décimo y álbum de estudio de Gabriel y es el primero de canciones originales que lanza en más de dos décadas, pues es el sucesor de “Up” de 2002. El trabajo, de doce pistas que en su proceso total se demoró casi 28 años desde que surgieron sus primeras ideas, se grabó principalmente en Real World Studios y en el estudio casero del cantante. El guitarrista David Rhodes, el bajista Tony Levin y el baterista Manu Katché, están presentes como banda de base en todo momento y varias canciones llevan las huellas de Brian Eno, su socio creativo desde hace mucho tiempo. También hay contribuciones notables del productor Richard Russell, el pianista Tom Cawley, los trompetistas Josh Shpak y Paolo Fresu, la violonchelista Linnea Olsson y el teclista Don E, entre otros. Los temas de “I/O” se fueron dando a conocer durante el año en cada luna llena y cuentan con dos diferentes mezclas: Bright-Side Mix, a cargo de Mark 'Spike' Stent, y Dark-Side Mix, modelada por Tchad Blake.

Let's assume your business is a machine. There are different activities and processes your machine goes through in order for it to be fully functional and successful. Those activities include designing, building, and running the machine. But what does that truly mean for your business? We spoke to Richard Russell, an OKR and Leadership Coach, about his analogy: your business is a machine. In this episode, we'll:Walk you through the analogy Discuss what each activity — design, build, and run — entailsHow people fit into these processes What role OKRs and KPIs play in these activitiesShare how and when you should move from one activity to anotherExplain how to balance efforts between each activityProvide best practices for successfully designing, building, and running your business Tune in to learn more!-Looking to execute strategy using OKRs and KPIs? Head over to Perdoo and create a FREE account.Learn more about strategy, goals (OKRs & KPIs) & performance — visit the Perdoo Resources Hub.Copyright 2023 Perdoo

In this riveting interview, Kerry Lutz sits down with Mark Shaw, a prominent JFK assassination investigator, to delve into his groundbreaking research that challenges the official narrative of the JFK assassination and sheds light on the enigmatic death of journalist Dorothy Kilgallen. 1. Dorothy Kilgallen's Career and Involvement: Mark Shaw provides a comprehensive overview of Dorothy Kilgallen's illustrious career as a journalist and her significant role in investigating JFK's assassination. Kilgallen's relentless pursuit of the truth led her into a complex web of conspiracy and intrigue. 2. New Revelations and Corruption within the Warren Commission: Shaw exposes startling new revelations and government corruption surrounding the Warren Commission's investigation into JFK's assassination. He uncovers how key commission members were handpicked by President Lyndon B. Johnson and FBI Director J. Edgar Hoover to support the conclusion that Lee Harvey Oswald acted alone. Dissenting opinions were systematically ignored and destroyed. 3. Dorothy Kilgallen's Connection to Carlos Marcello: Shaw delves into Kilgallen's investigation into JFK's assassination and her connection to Carlos Marcello, a powerful mafia figure with a motive to eliminate JFK due to his brother Bobby Kennedy's relentless pursuit of organized crime. The interview unveils new information from Morris Wolfe, who knew Kilgallen, providing further evidence that her knowledge may have cost her life. 4. Government Cover-Up and Destruction of Evidence: Shaw discusses the alarming concerns of Senator Richard Russell and Senator John Sherman Cooper, both disturbed by the cover-up and destruction of crucial evidence during the Warren Commission's investigation. The interview underscores the extent of government corruption that plagued the probe. 5. Reopening the Case of Dorothy Kilgallen: In a thought-provoking conclusion, Lutz and Shaw ponder the possibility of reopening the case of Dorothy Kilgallen, believing that her untimely demise was a result of her relentless pursuit of the truth surrounding JFK's assassination. This discussion leaves viewers with haunting questions about the hidden depths of this enduring mystery. Mark Shaw's research challenges the official narrative of JFK's assassination and brings to light a dark world of government corruption and intrigue. This interview is a must-watch for anyone interested in uncovering the truth behind one of the most significant events in American history and the mysterious death of Dorothy Kilgallen. Visit Mark's site to find out more: Mark Shaw Books Visit Kerry here: FSN

In today's episode, Trista tells you the story of Richard Russell, an unassuming baggage handler at SeaTac who shocked the world and those who knew him by stealing a plane. I cover the flight path his comandeered plane took, the radio communications that transpired between those trying to get him to safety and keep others out of harms way, and the tragic end to his flight. Sources: Rolling Stone - The Sky Thief, June 24th 2021 Seattle Times - Richard Russell was a jokester who complained about work, but SeaTac plane heist still baffles friends, August 19 2018 --- Send in a voice message: https://podcasters.spotify.com/pod/show/olympiaoddities/message

This is a 'Go Around' of one of our favorite ATOOC episodes...Going Rogue. This is such a wild recording that it was worth a second release... ~~~ This is a special episode of Air Traffic Out of Control, featuring one of the craziest ATC recordings ever captured. In 2018, a man named Richard Russell who was a ground service agent for Horizon Airlines working at Seattle Tacoma Airport figured out how to operate a plane, with no known aviation experience, and stole one of the Horizon aircraft for a joy ride as it sat on the runway in maintenance position.  Listen in on the (barely believable) ATC recording. Follow Amy Tango Charlie on Twitter: https://twitter.com/atoocpodcast

Richard Russell is general director of Sarasota Opera.  He performed with the company for four seasons beginning in 1989 as an apprentice artist, studio artist, and principal.  During his tenure as general director, Sarasota Opera increased individual giving by over 50%, more than doubled its endowment, and completed its world-renowned Verdi Cycle. Richard managed the construction and fundraising for the new Steinwachs Artist Residences for Sarasota Opera, which encompasses 30 units housing up to 70 artists.

Listen to hear how Richard is forging a new way of family philanthropy. After 25 years in The Russell Family Foundation and co-Founding the Clementine Fund, Richard shares key learnings. He also shares examples of how they empower their partner communities, activate their values in every area of the business and practice trust-based philanthropy.   Richard Russell is a co-founder of the Clementine Fund – a foundation that exists to foster peace, justice, and well-being and to innovate within the world of philanthropy in the process. Richard serves as the Fund's Executive Director, leading the board and staff, directing grantmaking and operations, and cultivating community relationships. In his work at the Fund, Richard is passionate about integrity and communication.   Alongside a career in communications consulting, Richard helped launch and govern The Russell Family Foundation (TRFF), a philanthropic organization founded with his siblings and parents Jane & George Russell. While with TRFF, Richard served multiple terms as Board President and helped the foundation advance its' aims in environmental sustainability – including the dedication of the investment assets toward mission (now “impact”), enhancement of their community engagement strategy, and the production of a group of short films documenting important parts of the organization's story over its' first 20 years. Separate from his work in philanthropy, Richard founded Studio Kumau (since 1984!), a consulting, design and production studio for collaborative, creative clients. Over the years this work included writing, leadership coaching, graphic facilitation, early work on “corporate culture”, as well as media production for proprietary programs. A writer and an artist himself, Richard has created and produced original music and lyrics, visual artwork and films throughout his lifetime. Richard also co-founded Pu'u O Kumau Ranch, an agricultural enterprise with a focus on regenerative farming and re-localizing the food supply. Richard lives in Hawaii with his wife Jileen, where he enjoys writing and playing music with friends.  See omnystudio.com/listener for privacy information.

Tributes to a giant of Georgia politics began to pour in after the weekend's announcement that former President Jimmy Carter, 98, would enter hospice care at his home in Plains. The news was announced by the Carter Center in a social media post Saturday. Admirers from Cobb remembered the remarkable arc of Carter's career, which carried him from the Gold Dome to the White House before a decades-long career as an advocate for humanitarian and civil rights causes. “Georgia is losing a great oak that has fallen,” said former Gov. Roy Barnes. Barnes called Carter a remarkable man who historians will treat kindly. Even though he faced steep challenges as president, Carter is already recognized as one of the great humanitarians of our age, Barnes said, and was ahead of his time on environmental issues. Barnes' father Bill Barnes supported Carter in the contentious 1970 Democratic primary election for the gubernatorial race, when Carter bested former Gov. Carl Sanders. Bill Barnes had become friends with Carter on bird hunting trips in south Georgia. Roy Barnes said that in Cobb, one of Carter's biggest supporters was the late Conley Ingram, who served as a judge in several of Cobb's courts and spent four years on the Georgia Supreme Court after being appointed by Carter. As governor, Barnes said Carter reorganized and streamlined state government. The overhaul was the most extensive since the gubernatorial term of Richard Russell in the 1930s. Barnes got to know the former president better as a state legislator. When Barnes was governor, Carter spoke out in support of Barnes' changing of the state flag to remove the Confederate battle flag. Former Marietta Congressman Buddy Darden likewise remembered when Carter was stumping in Cobb during his second, victorious run for governor in 1970. Carter ran as the supposed conservative against Gov. Sanders, Darden said, but that all changed when Carter declared in his inaugural address, “the time for racial discrimination is over.” A Georgia Department of Education investigation found that the Cobb County School District failed to follow federal law by denying services to a 5-year-old student with disabilities. The district has been ordered to provide compensatory services and review its policies in the wake of the investigation. A formal complaint was filed by the student's parent and the Southern Poverty Law Center last December, after Cobb schools denied home-based services for the student, who has Down syndrome and several other disabilities. The state found the district rejected the recommendations of two medical professionals that a unique, eight-week feeding program conducted during school hours was medically necessary for the student. After he missed 10 consecutive days of in-person school due to the medical program, the district withdrew the student and provided no special education to him from Sept. 29 through Nov. 22, and then re-enrolled him after the program was completed, according to the state. Cobb must now provide 50 hours of services to the student, the state ordered. Cobb schools said it had received the state's order and would respond accordingly. Cobb school board member Randy Scamihorn said he couldn't comment on any specific case. But, he said that he's always supported checks and balances on the school system, recognizing it will always be striving to be better. A Cobb County woman has received a life sentence after pleading guilty to the murder of her 5-year-old daughter this week, the district attorney's office said. Shekinah Akbar, 33, was accused of torturing and killing her child in a February 2020 incident. Akbar called 911 on February 20 to report that her neighbors had beat her daughter. First responders arrived to find the girl, who was not identified by name, dead and badly beaten. Akbar later told investigators she was attempting to exorcise evil spirits from her daughter, admitting she had hit the child. When confronted with the full extent of her daughter's injuries, Akbar claimed she did not remember inflicting that much harm and denied having killed her child. Akbar was subsequently arrested and charged with murdering her juvenile daughter. Akbar initially entered a plea of insanity, but later withdrew that notice and pled guilty but mentally ill to felony murder and cruelty to children, per the DA's office. She was sentenced by Superior Court Judge Robert Leonard.  It's the end of an era at one of Cobb County's oldest family-run nursing facilities. On Tuesday, residents and nurses of Ross Memorial Health Care Center hosted a send-off for brothers Jimmie and David Ross, who have operated the facility on Old 41 Highway for a generation. The brothers said they plan to turn over management to Parkside, which operates a handful of clinics in Georgia. The transition for the two comes after their brother, Russell Ross, died last year, and following nearly 60 years for the family business. The Ross brothers' grandparents, James A. and Annie Lee Ross, founded the original 24-bed Shady Grove Rest Home in 1965. David Ross said he plans to get back into his hobby of working on cars before deciding on a second act and next career. Jimmie Ross, meanwhile, said he plans to spend more time at his father's farm in south Georgia. The moment, he added, was a bittersweet one. His wife, Sheila Ross, has unofficially served as the home's decorator-in-chief, and Tuesday, the hallways were festooned in Mardi Gras decor. She too is still figuring out what's next, but looks forward to relaxing with her 14-month-old granddaughter. The Marietta Community Egg Hunt, sponsored by Superior Plumbing and the Marietta Business Association, will be April 7 from 5 to 9 p.m. at Life University's Athletic Complex, 1415 Barclay Circle in Marietta. The event will feature food, games, music, activities and egg hunts for everyone. There will be over 60,000 eggs and candy for the various hunts. The funds raised from the Egg Hunt go to support Marietta City Schools via the Marietta Business Association Education Programs. Admission is free and parking is free at Life University, 1269 Barclay Circle in Marietta. The egg hunt schedule will be 5:30 p.m. for ages three and under, 6 p.m. is a Special Needs Hunt, 7 p.m. for ages 4-7, 8 p.m. is a Special Needs Hunt and 8:30 p.m. is ages 8-10. Toddler Hunts are located in a separate area and will be at 5:30, 7 and 8:30 p.m. There will be food vendors on hand and Ultimate Kid's Zones, which are $10 per child for unlimited rides. The Powder Springs Police Department is asking for the public's help in identifying a person who they say broke into a home Sunday morning. A photo of the person was captured on a home security system, which police shared on social media. Police said the person broke into a home on Marietta Street in downtown Powder Springs and burglarized it. Anyone with information about the person is asked to contact the department on social media or call Sgt. Cheatham-Seay  See omnystudio.com/listener for privacy information.

#18: Rico is Chief Product & Technology Officer at Which? Ltd, the UK's consumer champion. Over a fifteen-year career, Rico has worked in Product roles in industries ranging from Media (BBC, ITV, Sky, NewsCorp) to eCommerce (Sainsbury's, Vodafone, Photobox) to Consultancy (Accenture). Collaborating on product and feature launches with Apple, Google and Amazon.In this episode, we talk about Rico's role across both product and engineering as a CPTO. We cover the topic of transformation and what that means in the context of a 65 year old organisation like Which? Rico shares his recipe for a successful transformation and talks about how he planned for his first 90 days coming into the role.Where to find RicoLinkedIn: https://www.linkedin.com/in/ricosurridge/Where to find AxelLinkedIn: https://www.linkedin.com/in/axelsooriah/About PanashWe provide training and coaching programs to help product professionals unlock their true potential and become high performers.You can learn more about our programs here: https://www.panash.io/Our blog contains articles and free resources on key topics for product managers and leaders.Check it out here: https://collection.panash.io/Referenced in this episodeGoogle DeepMind: https://www.deepmind.com/Team topologies: https://teamtopologies.com/Richard Russell, OKR Coach: https://richardrussell.co/Rico's blog on Medium: https://medium.com/@rico.surridge Show notes and highlights(01:45) Rico's background(04:04) Which? The consumer champion(04:40) The CPTO role(09:21) The importance of having a strong head of engineering(12:01) The role Which? plays in the UK and Rico's mandate(17:56 ) Rico's playbook for the transformation at Which?(27:30) Rico's plan for his first 90 days at Which?(32:59) How to keep teams motivated and engaged during a transformation(39:31) Thin-slicing one's way through transformation(40:50) Rico's Treasure Chest───For inquiries about sponsoring the podcast, please reach out to podcast@panash.ioMentioned in this episode:Elevate your product careerDo you feel stuck, not knowing how to tackle a problem? Are you looking for a solution to help your team members grow in their craft? Either way, check out www.panash.io Panash works with product leaders to bring expert insights and proven frameworks you can use to truly deliver impact in your role. Companies like Atlassian, Contentsquare and Mirakl ALL choose Panash to provide the right level of training and coaching to their product teams, so they can perform at their best. Whether you're a product leader or an individual contributor: head to www.panash.io, book a seat to one of our many programs and raise your product game today. Check out https://www.panash.io. Panash

This is a special episode of Air Traffic Out of Control, featuring one of the craziest ATC recordings ever captured. In 2018, a man named Richard Russell who was a ground service agent for Horizon Airlines working at Seattle Tacoma Airport figured out how to operate a plane, with no known aviation experience, and stole one of the Horizon aircraft for a joy ride as it sat on the runway in maintenance position.  Listen in on the (barely believable) ATC recording. Follow Amy Tango Charlie on Twitter: https://twitter.com/atoocpodcast

And now for some more Fatal Conceits…Welcome to Episode #76 of the Fatal Conceits Podcast, dear listener, a show about money, markets, mobs and manias. All eyes were on the Jay Powell's Fed this week, specifically the chairman's remarks following the much-expected 75-basis point rate hike. Word was that the central bank will “continue to do what needs to be done to get the job done." Actually, they were JP's exact words. “The job” to which Mr. Powell refers is, of course, to get inflation back to the 2% range. What does that mean for stocks and the dollar in the near term? What does it spell for America's already-toppy housing market, the pillar of middle-class wealth? And how will gold respond? The Midas Metal popped more than $50 on Friday. (Silver was up even more, doubling gold's advance in percentage terms.) For answers and insights, I spoke with Bonner Private Research's macro man, up in Laramie, Wyoming, Mr. Dan Denning. Over 45 mins or so, we covered all of the above, plus BPRs Trade of the Decade, the coming Winter Catastrophe, 2022 Redux, and why you should panic now (in an orderly fashion, of course) and beat the rush. Please enjoy our conversation and, as always, like, comment and share our work with friends and family far and wide. Cheers,Joel BowmanThank you for reading Bonner Private Research. This post is public so feel free to share it.TRANSCRIPT: Joel Bowman:All right, well welcome back to another Fatal Conceits podcast, dear listener, a show about money markets, mobs and manias. If you have not already done so, please head over to our Substack page. You can find us at bonnerprivateresearch.substack.com with hundreds of daily articles now on everything from high finance to lowly politics and a ton of in-depth research reports, many of which were authored by none other than my guest today, Bonner Private Research's, macro man up in Laramie, Wyoming, Dan Denning. Dan, welcome to the show. How do you do, mate?Dan Denning:I'm doing all right. It's dark and cold and gloomy here in Laramie as winter approaches, but that's kind of how it feels like in markets right now, so I suppose that's appropriate.Joel Bowman:Yeah, exactly. We're talking off camera just now and you were firing off emails this morning at around 5:00 AM. I'm imagining it was still well below freezing at that point up there?Dan Denning:Yeah, it was supposed to snow this week, but it hasn't, which is good and it's been nice and sunny, but it has been something we've been paying attention to both behind the scenes and when we're writing to the readers, because as it gets colder in the US, we're dealing with this 32% drawdown in the strategic petroleum reserve and then these reports of impending or possible diesel shortages so you're kind of trying to separate what's fact from fake, I suppose, and go beyond what's in the news reports to see if it's actually impacting truckers and travel prices and things like that. So we, Bill, last year, penned a winter catastrophe and we had bad winter last year, but I think it could be worse this year and as you know, because you're organizing it, we're going to address that in early December.Joel Bowman:Yeah, that's December 13 for our readers, listeners and viewers, I guess now that we're doing this on YouTube, but I'll pop a link down below where you can get some more information about registering for that event. As you mentioned, Dan, we're doing a bit of behind the scenes work just to get that all organized. It's going to be the 2022 Winter Catastrophe Redux, which will be more well attended than our first one, given that it was the inaugural event and we had just a few hundred readers on that very first call with Byron King and Rick Rule, but yeah, as you mentioned, the second one looks to be shaping up to be quite the event. Of course, it's the kind of thing that you don't want to be right about, a coming winter catastrophe, but that looks like what's on the plate anyway.So let's start at the beginning, Dan, because we're talking on Thursday the 3rd of November, and of course the big news this week was yesterday's Federal Reserve meeting where Powell & Co. hiked rates by the expected 75 basis points, but I guess it was what followed that hike that kind of got markets a little spooked. We saw a 500 or so point drop in the Dow after Mr. Powell's remarks yesterday. I'm just going to read a quick quote here from the Fed Chairman in which he says "The question of when to moderate the pace of increases is much less important than the question of how high and how long to keep monetary policy restrictive." He said, adding that "It was very premature to discuss when the Fed might pause its increases." Was this more or less in line with what you and Tom had expected and what does it mean for both stocks and the dollar in the near term in your view?Dan Denning:Yeah, I think the answer to the first question is definitely. The market, whether you use the future's market for interest rate expectations or you listen to the people that are quoted in mainstream media as analysts for the major banks or Wall Street firms, at the beginning of the year, they thought that the highest the Fed would go this year was 3.75% and we've been saying since the beginning of the year that it has to be much higher than that in order to bring inflation down from 8% to even 4%. A chart that we've shown repeatedly reveals that rate real interest rates, so interest rates adjusted for inflation, are still negative... and they're negative by a long way. So that would change if inflation halved from here, so the Fed wouldn't have to raise as high, but we've said that people consistently underestimate how high interest rates will have to go before inflation is under control and they probably underestimate the Fed's willingness to raise them that high.So what you get is this mistake that we saw in the summer, and again, this mistake we've seen in the fall, where the market thinks the Fed is done raising interest rates, or will pivot to either raising them less fast or even cutting them, as some people had hoped, and so they bid up the price of especially growth stocks, risk assets as they say, and everybody gets super excited because they think the end is near. But as Powell said yesterday, it doesn't appear the end is anywhere close to being near. He said inflation hasn't come down since last year; that there will be no pause and that the so-called terminal rate or neutral rate, is at least 5%. So all that could change if the Fed issues a press release and has another press conference, but in terms of talking to the markets about where interest rates are headed, the message couldn't have been any clearer yesterday and I just don't know why people aren't listening to the Fed, so I think that's one reason Powell spoke so forcefully.Joel Bowman:It's a strange situation, isn't it, when we get strong inflation prints, for example, or when things in the market seem to be breaking, and investors take that as of reason to bid up stocks because they think then, okay, the Fed is now going to have to ease off because things are starting to break. Powell said yesterday that he is going to "continue to do what needs to be done to get the job done" and by getting the job done, he explicitly mentioned bringing the rate of inflation back to around the 2% range. You've written about this before and so have both of Bill and Tom, but what does that imply for a real rate? And in other words, how far does the Fed have to keep raising before it can get, as they say, ahead of the curve, do you think?Dan Denning:Well, if you look back to the '70s in a similar situation, where I think Powell is studying his playbook, you saw that the Fed prematurely cut interest rates when inflation began to come down and then inflation came roaring back, so from that point of view, they probably want to see whatever inflation target they have, whether it's 2% or 4%, which I think... I think it's more likely they'll raise their inflation target because it'll be harder to get it to 2%, but they'll want to see it there for a while and it appears now that the only way to do that, at least according to the Fed, is to sort of crush the economy into a recession, to destroy demand at the retail level because people don't have money, which means higher unemployment, none of which are great, but as long as the Fed sees that there's no disorderly action in the stock market...and more importantly, I think, in the credit markets, where higher interest rates don't precipitate a bankruptcy at the corporate level, like a high profile bank or a brokerage or a really highly leveraged financial player who could then spread contagion into the rest of the market. If that doesn't happen, the Fed is happy to either to continue to raise rates or, a possibility that people haven't considered, is just leave them at a high rate for much longer than expected, until they see inflation figures come down.And a lot of people say, well, if there's a ceasefire in Ukraine, then the oil price will come down and energy is a huge component of the CPI... or if X happens, then inflation will come down... but I think what Powell has made clear, and the market isn't listening, is that they're going to wait to see that number come down and stay down before they decide to sound the all clear signal. And stocks just weren't priced for that. They were priced as if interest rates were at or near their peak. And that's just clearly not the case yet.Joel Bowman:What does this spell for the greenback, which is already at multi-decade highs in some cases against foreign currencies? What can we expect going forward there?Dan Denning:Well, it should get stronger, shouldn't it? I mean, the wider the interest rate differential between the US bond market and the Japanese bond market or the European bond market or other markets like Australia, then you'd expect the dollar to remain strong. I guess what that means is this weird feedback loop that, and it's what we saw this summer, is that the higher interest rates create big problems for leveraged borrowers, especially those in emerging markets, that have borrowed in dollars because now it's getting more expensive for them to pay back their dollar denominated debt. So it creates a demand for dollars to pay that debt back before it gets more expensive and also it creates a demand for other so-called safe dollar denominated assets. So if you look at, for example, the one year and two year US treasuries, a year ago, the yield on the one year US Treasury was barely above 1%. Now it's just below 5%.So for foreign investors or large institutions and central banks looking to park cash in a strong currency that actually now has a respectable interest rate, that creates a demand for dollar denominated assets, which further distresses the price action in emerging markets and currencies that are under pressure so, not great, but I think what Powell has said as an echo of what US Treasury secretary John Connally said in the '70s, that the dollar is America's currency, but everybody else's problem.This is a really important point Tom has made, which I think not a lot of people, I haven't really seen it made elsewhere, and it's underappreciated, is that in the context of everything that's happening in the world right now, geopolitically, if you view Russia and Saudi Arabia and OPEC using oil and energy as a weapon against the United States, and perhaps China too, using COVID lockdowns as a way to keep prices high for Chinese exports, the US counterpart to that is the dollar, the stronger the dollar is the more it mutes the effects of inflation on energy and imported products in the United States.So Tom believes that the Fed is using the dollar as a financial weapon to counteract energy as a commodity weapon and in that sense, if Powell is acting both to bring inflation down, but to use the dollar as an economic weapon, then it could stay higher for longer than people expect. For US investors, the other implication, which we can talk about if you want, is what that means for gold because there's been some interesting things that happened this week in the gold market that we need to pay attention to.Joel Bowman:Well, let's talk about that then, because a lot of people, particularly our readers, most of whom I would say are in the US, they've been adhering to what was Richard Russell's old mantra was, and one that both you and Tom have echoed of late, which is "cash now gold later" and they've been looking at the price action in gold, which has been more or less range bound in dollar terms but as we've been talking about, the dollar is of course at historic highs right now, but viewed in terms of other currencies, Aussie dollar, pound, euro, et cetera, we see slightly different story. Where do you see us as on the "now-to-later" curve with regards to cash now gold later?Dan Denning:Yeah, that's a great question and we take it up. In fact, we decided to change the format a little bit for the subscribers, the paid subscribers. We had intended, at the beginning of the year, to review them quarterly because that's about the appropriate amount of time to review the performance and then decide if a change needs to be made, but because we've got so many new readers who are not familiar with that strategy, or only read about it in February, we've decided to revisit that every month in the monthly strategy report. So for paying subscribers, they can take some comfort that this discussion is now a more regular discussion because it needs to be a more regular discussion.But with respect to what we said at the beginning of the year, we said, no bonds, lots of cash, lots of gold, less real estate and that turned out to be pretty spot on, which is great, but the question is, what now? So I think what you're seeing with the higher government bond interest rates one year, two year, 10 year, really most of the US yield curve is now above 4%. That makes annuities and fixed income products slightly more interesting to investors than they were a year ago, and certainly more interesting relative to stocks because if stocks look like they could go down another 20% or 30%, then putting short term cash in a money market fund or a CD or a Treasury I bond that has a respectable yield is now a lot more attractive to people. We think gold is doing exactly what it's supposed to do, which is preserve your purchasing power, so if you look on a year-to-date basis, gold's down 11%, which is about the same as the Dow, but that's after the Dow rallied almost 15% from its lows in October.So now that this Fed pivot is not going to materialize, I would expect probably the Dow, the S&P 500 and certainly the Nasdaq to close or to go lower, whereas gold is pretty much staying where it's at. So on a relative basis, we think gold is doing what it should do for you in your asset allocation strategy, which is do better than everything else. And of course, the Nasdaq's down actually 32% and the S&P's down about 20% so I wouldn't be surprised to see gold outperform at least this month and probably through the end of the year. And you see that two interesting things have happened in the price action with gold. One, retail investors have kind of gotten frustrated because gold hasn't gone up and inflation's 8% and they're like, what good is gold if inflation's 8% and I'm not making more money?And our answer is you're not trying to make money in dollar terms with gold, you're trying not to lose money, and we'd like to be doing better, but it's better alternative than sticking money in the bond market or increasing our allocation to stocks. The interesting thing that happened in the third quarter is that according to the World Gold Council, which keeps track of these things, central banks added more gold than they ever have before in any quarter in the history of data from that organization. They had a 399 tons of gold and don't know exactly who the buyers were, but we think it's probably the usual suspects so China, which doesn't always report, Russia, which has an obvious interest in diversifying its currency service, and then some of the oil and gas exporters who've been making money hand over fist have been converting it to gold.So on the one hand, retail investors kind of sitting on their hands lamenting the price action, and on the other hand, this huge quarterly surge in central bank gold buying and in fact, the year-to-date buying by central banks through the first three quarters is already greater than any year in the last 20 years so you can see that this financial war about hard assets versus the dollar, you can see what's going on in the background. So I like that price, I like that piece of data because it confirms to me that at the bottom of this leveraged pyramid of financial assets sits gold, and in any private portfolio, you ought to have some portion of your wealth safely stored in that and for the long term, just ignore the week-to-week, day-to-day price fluctuations because they really shouldn't matter that much.Joel Bowman:Yeah, interesting. It's almost like what our good friend Chris Mayer talks about, having skin in the game and inside knowledge into the operations of a particular company. One wonders, do central banks know something that the rest of the world or the rest of the investors don't know when they're, as you say, hoarding record amounts of gold at this moment? But with respect to stocks, which you mentioned just then, and of course they are still down considerably for the year, but not as much as they were just a month ago, October was, if I'm not mistaken, I think the best month ever for stocks, or certainly for a very, very long time, you'll have the exact stat there.When you and Tom and Bill talk about a significant drawdown in stock markets, you toss around some pretty big numbers. We saw, obviously last week, a lot of earnings reports between Amazon, Meta and Microsoft, something like 350 billion worth of market cap was wiped out after some pretty shoddy reports and grim forecast for the rest of the year. I think only Apple is the last man standing there in the Dow. For how long can we expect this to hold up and what's our outlook for Q4 for stocks?Dan Denning:Yeah, that's a great question. I mean, Bill Bonner, our founder and patron saint, during his sabbatical he made a great point which he's been making for a long time, that the last 20 years and really since 1982, if you want to go all the way back that far, since 1982, the stock market's been underpinned by three pro-growth, structural features, cheap energy, low interest rates, and the lower and cheaper cost of global labor, which is really China since it came into the world economy in 2000 when it entered formally into the World Trade Organization. All have been really favorable for high GDP growth but what hasn't happened is you haven't seen high productivity growth. What you have seen happen is high growth in the multiples, people are willing to pay for growth stocks and at the forefront of growth stocks were the technology stocks from 2000 to now.And the earnings numbers weren't terrible in terms of the amount of revenue generated by these companies, it's an impressive amount, but what's notable in all other cases is the rate of growth has slowed markedly, particularly in advertising for Facebook or Meta and for Google, but also in the cloud. Cloud computing, which for Amazon is particularly important because the cloud is the only business segment that runs at an operating profit. It pays for the rest of the retail business and if the cloud business is growing less quickly, then it supports the thesis that the leading sector of the market for the last 10 years, the tech sector, will not be the leading sector of the market for the next 10 years because the growth phase underpinned by those three things is over. That's not a cyclical change in the market. That's what we call a secular change, a long term change.And that's why our forecasts for the indexes are not a 20 to 25% bear market and then back to business as usual, it's a 40 to 50% decline in the indexes with a 60 to 80% decline in the most leveraged and aggressive growth investments, which we've already kind of seen with Arrk Innovation Fund and Spotify and Netflix and Snap and some of these other tech companies. So our whole premise since we started last year, as you know, is to prevent a big draw down and loss in your retirement savings during this transition from the high growth phase to whatever comes next.So everyone's like, great, great, yep, it's over now though, right? So 25% down we can get back to business. And what we've said is this is not business as usual, this is a new era, as they used to say in the early 2000s, but it's an era where all the fundamental pillars that uphold the stock markets prices are changing. So it's not all bad news because for example, we think energy is going to be the big winner in the next 10 years, which is why we made it the trade of the decade and if you look at some of the best performing stocks this year in the Dow, one of them is Chevron. Exxon would be, but it's not in the Dow anymore because-Joel Bowman:It got booted.Dan Denning:... right, for Salesforce. So there are these little pillars of light, a thousand points of light or a dozen points of light as George Bush might say. So we're still looking, but I think Tom's strategy is the correct one that you have to be really opportunistic and tactical and to echo Chris Mayer's point, you take your chances when you see a good business opportunity or a good trading opportunity, but from a strategic point of view, when it's a bear market, you don't want to own too many stocks and so we continue to be underweight stocks compared to what you would get in a more mainstream, institutional portfolio and that won't change anytime soon.Joel Bowman:So let's then I guess move on from the last 10 years of growth, growth, growth and which, as you said, seems to be coming to a fairly cataclysmic end and something that you mentioned just there, our trade of the decade, which is essentially long conventional oil and gas, we have a specific proxy trade for that, but the convergence of those three enormous macro trends that Bill has underlined for us, the end of cheap and abundant energy, the end of cheap and abundant credit, and the end of cheap and abundant labor, all for various reasons, including the weaponization of all three by various geopolitical players around the world right now, really sets a kind of perfect storm to use an overused metaphor for energy going forward.When I spoke to our mutual friend, Doug Casey on this podcast just a few weeks ago, maybe a month or so ago, he brought up the oft overlooked statistic that if you go back to the seventies, which a lot of people are talking about now for very obvious reasons, high inflation, et cetera, et cetera, the oil and gas producers and explorers made up something like 30% of the market cap of the S&P 500, that's down to about 3% last year, it may have inched up with some strong performance in that sector and of obvious selloffs in others this year so maybe up around 5%, but it's a long way from its historic high and it's a long way from the kind of CapEx and R&D investments that you would expect to power a 21st century economy, which is largely or if not entirely built on the fossil fuel revolution.So do you maybe just want to catch us up on where we are on the trade of the decade thus far, and any catalysts that you see in the near to medium term that might be getting us to where we think we're going to be headed?Dan Denning:Yeah, great question. We're still really early in a decade which is an arbitrary time so it's not like we think that it'll be exactly 10 years, but Bill has made a couple of these trades since the millennium, since 2000. And some of it's based on just sector performance. So it's a little bit like The Dogs of the Dow strategy that you buy the worst performing Dow stocks at the end of the year, they're going to be the best performing stocks and not everybody, the data backs that up mostly, although some people say that in a bull market you just keep buying the best performing stocks, that you buy momentum, you don't try to buy value or a beaten down value because then you get caught into value trap. But what we'd looked at when we went into the trade was that energy was historically small as a percentage of the S&P market cap.It had its worst 10 years of any of the 11 sectors in the S&P and that because of regulation and the energy transition and the anti-fossil fuel narrative from both Wall Street and Washington, that the companies had decided, okay, fine, we won't invest in oil and gas if you're coming after our business, it doesn't make sense to. So all of those had set up for a big, big turnaround in the performance of the oil and gas sector. That's only just started to happen. I mean, on a financial basis it's definitely started to happen because of high oil and gas prices but in terms of investment flows, institutional money going into oil and gas, that's still complicated by the ESG policies of a lot of the pension funds and other funds like BlackRock and Vanguard about whether they're going to commit to investing in companies that might bring oil and gas online.So we don't really care about any of that because we think at the end of the day, 82% of the world's energy still comes from fossil fuels. It's unchanged in the last 30 years despite the growth of renewables. It's exactly the same really so we think that it'll be that way for a while and that even if there is an energy transition toward more electric vehicles or toward maybe more natural gas fired plants rather than coal, that it's going to take a lot of fossil fuels to fuel that transition, to manufacture everything you need to have an energy economy that's based on electricity. And we see stories about, well, there's going to be an OPEC of lithium and electric car battery technologies getting better and better. Great, no problem. Maybe that's true. But in the meantime, just look at the free cash flows being generated by major oil and gas producers.They're great. And the big risk to us right now is that the rate hikes by the Fed trigger not just the mild recession, but a massive recession which destroys demand for energy and brings prices down, which would lead to a correction in the stock prices of those producers, but over 10 years, not something we're too worried about given the other trends so if you're entering the trade and we write about this on a weekly basis, you just look for weakness in the particular investment that we recommended. And by weakness, I mean it trades below a moving average or it's relative strength indicator, which is a technical indicator under 30.That's not happening right now, but it is something we update readers on who are new to the research, who like the idea, who believe in the thesis and who want to enter the trade so we may have another opportunity to enter the trade before the end of the year, but again, over the 10 years, we think the big factors that are pushing oil and gas prices higher should be very favorable to the free cash flows of those producers and it should trounce any of that other crap in the EV space. That's what we think.Joel Bowman:I'll have to get that last sentence as a pullout quote for the transcript here, Dan. This I guess brings us full circle to the winter catastrophe that we opened the conversation with at the top, and something that you and I have been looking at in particular lately. You mentioned the diesel or distillate shortage in the United States. I had a look at a couple of figures the other day writing under a guest column by our good friend Byron King and I think the situation is, I mean, as you said, it's difficult to sort the wheat from the chaff with regards to what's a little overblown and what is cause for concern but a report out by the Energy Information Agency has the US reserves at something like a 50 year low. Actually, it was even further than that, it went back to I think 1951 when the population of the United States was a mere 150 million beating hearts.It's obviously more than double that now. Officially, it's something like 332 million and obviously probably a lot higher than that. Added to that, not just a more than doubling of the population, but we obviously have a more modernized economy. We have ACs in every other room, we have, you know, if you plug in your Tesla in, that doesn't go to a windmill or a solar farm, that's going to an electrical grid that demands real fuel and I think one other point, just to add very quickly, is the other parts of the supply chains that tend to break down when you have an industrial fuel like diesel that is in short supply.So the number of commercial vehicles, this is trucks that freight your goods, your medical supplies, that stock your shelves at your local grocery store. 76% of these commercial vehicles operate on diesel fuel and they deliver 70% of the freight tonnage around the country from sea to shining sea. So is this something that people should be particularly concerned about? I mean is it going to be an acute problem in the near future, or is there's something that's just going to see a bit of a price spike and hopefully we'll have some mild weather and we'll see you on the other side?Dan Denning:Yeah, it's an important question because it's not simply a financial question, it's what level of preparation is it reasonable for you to take given the risk that there's an interruption to our supply of diesel fuel, which translates into things not being on the shelves in the store, whether that's medicine or food, or whether it's fuel at the pump for your own vehicles. So we don't want to be blase about what the risk is, or we don't want to exaggerate it either. The truth is, the refining capacity of US refineries has been pretty much maxed out all year so even if we were releasing more oil or could release more oil from the strategic petroleum reserve, we couldn't turn it all into distillate fuels and we couldn't get it all into the pumps and that's assuming we're not exporting some of it, which we are, whether it's crude oil or whether it's distillate fuels.So the refining bottleneck is a major issue and part of the problem when you run your refineries at 90% of capacity or 95% of capacity for months on end, as things start to break down and when they do, then you have even less product coming online so that's a real thing to keep your eye on and it's already started to happen. But as to the level of preparation you need to take, I'd be prudent. I think if you, like I grew up in a big family and we always had extra food even though people were eating it all the time, it was hard to keep extra food ready to go but we don't associate life in... Most Americans, or most people watching this probably don't associate life in the 21st century with the idea of having to prepare for much higher food prices or an actual shortage of food.I mean, you can call DoorDash or Uber right now, and they will deliver cheap calories to your door running on fuel so we don't have bread rights yet but I think one thing we've learned in the last two years from COVID, and really from the response to COVID by shutting down the global supply chain, is how short and fragile the just in time supply chain is, and how long it takes to recover once government has mangled it up. So you'd be foolish to look at what's happened in the last two years and not take some sensible level of preparation for both your food and fuel supplies. And I think that's as an important investment decision as you can make this winter as whether you buy the Dow or whether Apple is going to hold up. By the way, you asked about that, and I didn't mention it, but I will finish with that.Apple has held up really well. It hasn't made its lows from June, I think, which was around 139 and I think it's a great litmus test for how long this market can hold up because anybody who manages money has to own Apple for whatever reason, because it's a great company, because it's performed so well and to me, it's like a fortress stock that everyone flees behind the gates and they lower the drawbridge or they raise the drawbridge and everyone hides in Apple because of its liquidity, because it's widely owned, because it's a quality stock. So when Apple gives up the ghost and makes a new low, then we'll start talking about whether the market has made a low. But until that happens, I think you shouldn't try to time the bottom of the market. You should probably try to fill up the bottom of your freezer with some frozen beef and chicken and things that you can cook later and then step away.The trends we're talking about, we think will take years. And so from week-to-week and month-to-month, they don't require a lot of buying and selling. You just have to get the strategy right and I think right now we feel pretty comfortable with where it's at, but things can change quickly. As we saw with the Fed's announcement. If the Fed came out and pivoted because of data, then you could see another, you know, you could see a lot of volatility in stock prices but we don't think that changes the overall primary trend in markets.Joel Bowman:All right, thanks, Dan. You guys are doing a great job there. Just once again, please head over to bonnerprivateresearch.substack.com. Readers, listeners, and viewers will be able to get all of Dan, Tom and Bill's writings on all of the above subjects and plenty more and I guess the takeaway here is panic, but in an orderly fashion and see if you can't beat the rush.Dan, thanks for joining us from your fortress of solitude up there in Laramie. We'll catch you again soon.Dan Denning:Okay. Thanks, Joel.Thank you for reading Bonner Private Research. This post is public so feel free to share it with investors, traders and speculators alike.... This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit bonnerprivateresearch.substack.com/subscribe

And now for some more Fatal Conceits…“I think those people at the Nobel Committee must have a sense of humor,” quipped Bill Bonner, in response to the questionable judgement that resulted in Ben Shalom Bernanke being awarded the Nobel Prize for economics earlier this week. “They're either very dumb or very cynical,” Bill continued. “And I'm not sure which it is because, if you remember that time, Ben Bernanke was wrong about everything. And no major issue came to him that he was not wrong about.”Alas, 14 years after Mr. Bernanke's preposterous “we may not have an economy on Monday morning” speech, in which he presented one of the most galling false dichotomies of the modern era (pass this unprecedented – and lately unread – stimulus bill… or the sky will fall), and we are now reaping the whirlwind of his profligacy.Over the course of a half hour or so, Bill shared with us his thoughts on the end of the Age of Abundance, the reason our current financial predicament differs greatly from what Volcker faced in the ‘70s (Hint: It begins with D and rhymes with “regret”) and why those born after 1980 cannot know, first hand, what a return to the “Old Normal” will entail…All that and plenty more on Ep #74 of the Fatal Conceits podcast. Please enjoy and, if you have a moment, share with a friend…Also, if you're interested in purchasing some of Bill's wine, which we talk about towards the end of the episode, their Tacana 2020 vintage is now available to select buyers. The first half of the allotment (reserved for the Bonner Wine Partnership's private Tacana buyer's list) sold out in a day. The rest probably won't be around for long, so if you want to grab a few bottles… for the cellar or the bunker… don't dilly-dally. More information here: And for those of you who are less audio-inclined, you'll also find a full transcript of today's interview, below. Until next time…Cheers,Joel BowmanThank you for reading Bonner Private Research. This post is public so feel free to share it.TRANSCRIPT:Joel Bowman:Welcome back to another episode of the Fatal Conceits Podcast dear listener. It's the show, as you know, about money markets, mobs and manias. If you have not already done so, please head on over to our Substack page. You can find us at bonnerprivateresearch.substack.com. On that page, you'll be able to find hundreds now of essays authored by today's guest, Bill Bonner, in the daily section. We've got plenty of research reports from Dan Denning and Tom Dyson. And of course, many more conversations like this under the Fatal Conceits Podcast tab at the top of the page. So without further ado, I think you can probably see in your screen there, framed by gilted cornices, remnants of a bygone era of abundance, Mr. Bill Bonner, welcome to the show. How do you do sir?Bill Bonner:Thank you Joel. It's a pleasure to be with you.Joel Bowman:You're up there in Baltimore at the moment, that's correct?Bill Bonner:In Baltimore. And you're right, it is the bygone remnants of an ancient civilization. Baltimore was by the way, the richest city in America in say the early 19th century because it had such a great harbor. And it was also connected, through the Cumberland Gap, it was connected to the whole Ohio Valley and all that area over there on the other side of the Appalachian Mountains. So it was a big important port for people coming from Europe and a big important port for people making mostly food things that they exported it to Europe. And people got rich. And movies from say the 1920s or so, maybe a little bit later, they will frequently have a rich person as somebody from Baltimore. And that all seems so unlikely now. It's hard to even imagine.Joel Bowman:To be rich like a Baltimorean is like to be rich like an Argentine.Bill Bonner:Same thing.Joel Bowman:Exactly. And I'm racking my brain here, but how on earth were they able to get rich without ESG governance and diversity boards and equity programs…?Bill Bonner:That was before the foundation of the Federal Reserve. I mean, how did they know what interest rates to charge? They were building in the early 19th century here in Baltimore. They had huge factories. They made things, made things that they exported out of profit. How did they know how to do that without the feds showing them what interest rates to charge and so on, without the Fed printing money to stimulate them? Nobody stimulated them at all. They were stimulated by the desire to make money I guess. And they did quite well with it in that. But now we have, thank God, we have the Fed to stimulate the economy when it's needed to support the stock market when it seems to be falling and to provide us with the interest rates that we need. How they know what interest rates we need has never been clarified. But that's one of mysteries of the Fed.Joel Bowman:Yes, we certainly couldn't rely on the market for any, shall we say, “self stimulation”?Bill Bonner:NoJoel Bowman:Top down only. Speaking of which, that dovetails into news this week of, I don't know whether you would call him our colleague, but another economic luminary, Mr. Ben Bernanke, who was awarded the Nobel Prize in economics earlier this week. This of course is the man who had the “courage to act," at least according to himself, and who saved us from “not having an economy on Monday” as he warned us with such certainty...Bill Bonner:October the fifth, 2008. He went before Congress and he said, Look, if you guys don't pass this act, which I think was what was known as the TALF Act, it was a lot of spending to try to stimulate the economy, that if you don't pass this, we may not have an economy on Monday. He was talking on Friday. And thank God he rose to the challenge and showed that courage to act because otherwise we still wouldn't have an economy.Joel Bowman:Incredible. It does seem so "through the looking glass," the up is down back is forwards, when we see that not only did the man who failed to foresee the bubbles that had been created during the Greenspan era and that had led to these enormous imbalances and malinvestments, in particular the housing market. I remember yourself writing about huge irregularities in the mortgage back securities markets and Eric Fry writing about that. Our colleague Dan Denning was on the case of course. So it seemed like everybody except Federal Reserve economists were on the case. What does it say that 14 years later, having stimulated, it seems now, an even a larger bubble, that we not only look back and have not learned our lesson, we're gifting the guy the highest prize there is in the dismal science?Bill Bonner:Well, I think those people at the Nobel Committee must have a sense of humor. That's all I can think of.Joel Bowman:That's big sense of humor.Bill Bonner:They're either very dumb or very cynical. And I'm not sure which it is because Ben Bernanke, if you remember that time, he was wrong about everything. And no major issue came to him that he was not wrong about it. He was the one who said the subprime problem before the crisis of 2008, the subprime problem crisis was "contained." Of course it wasn't contained at all. He had all these things that were idiotic, like zero rates. He came up with that QE, he didn't invent it, it was the Japanese who developed it. But a lot of these things which now we see clearly are the cause, the proximate cause, not the only cause, but the proximate cause of our inflation and our economy, which is now melting down in order to try to contain inflation, those stemmed from policies put in place by Ben Bernanke. And not the only one because Janet Yellen kept doing the same thing and Powell came along and followed right in their footsteps.But for the Nobel Committee to award him a Nobel Prize is really quite remarkable. And it calls into question our whole elite process. Why do they think that he should get a prize for that? And then to have the hubris, the conceit, the unmitigated gall to write a book called The Courage to Act. I thought it was a joke when I first heard about it. I said, no sensible person would do that. Even if he believed that he had the courage to act, even if he believed that he had saved the economy, you still wouldn't put it out there. That makes you sound like an utter fool. What it does is it invites the wrath of the gods. There's someone way up there they must be after him. Now I don't know what they're going to do, but they're going to be after him.Joel Bowman:Pride before the fall. And for a man with a legacy unblemished by, as you said, a single success in the real world. So it does beg a lot of questions. But let's fast forward then 14 years after that fateful October Friday to where we are presently. And as you look across the landscape, I know you spent a lot of time down here in Argentina and then split between both sides of the Atlantic. When you look forward to what has happened in Argentina, they've been at the forefront of every boneheaded economic and financial policy known to man, real pioneers in the dismal art. When you look from here to where you are now in the United States, you look over to what's happening with the Bank of England or in the Japanese bond market. It does seem that there are enough signs that sort of point to this time maybe actually being different and this time maybe being the end of what you and Dan and our colleague Tom Dyson have called the Greatest Financial Experiment in History?Bill Bonner:Well, I think that's exactly right and I think people are having a very hard time coming to grips with it. Even people in the financial industry, they're so used to what they think as 'normal.' I was just speaking to some of my colleagues here in Baltimore about it and trying to explain it from my standpoint. And I realized that everybody I was talking to was born after 1980. I mean they were literally not born in any time other than the boom that we have known for the last 40 years. In 1980, of course then Paul Volker got control of inflation. Interest rates came down ever since. And there were a lot of things going on. Most important was the entry of like 500 million Chinese people into the market. And those people produced things at a low price.But for these people, I'm talking about people who were born after 1980, it's very hard to get to understand that the whole circumstance of your life, the whole circumstance of your life has been phony. Faith been synced up by the Federal Reserve to give the impression that everything is always up. The stocks and financial advisors will tell you this to these young financial advisors say, Well yeah, stocks go down, but they always go back up. And so what you have to do is buy the dip. Now they're all out there looking for the bottom. The bottom is the point in which they don't go down anymore. Now they're going to go up, so you got to buy. And they have these charts and graphs that show that you buy it every dip, it always goes up.But it's not that simple at all. If you had bought stocks in 1966, which was a good year for a stock market, you would've held them for the next 16 years until 1982 really. And the prices would've been about the same. But because inflation was happening, you would've lost 75% of your money. That was a long time to lose 75% of your money. And to talk to somebody and say, Well, you just hold on, they'll go back up. Well maybe they'll go back up, but it could be after you're dead. You're not going to have an infinite amount of time here.And so there are times in history, and I think this is the key point, that if you look at anybody who is telling you they have a good track record, and of course that's everybody. And in the financial industry, they boast about what they've done and so on. All of that happened during a very special time which no longer exists. Now that's a hard thing to under for anybody to understand. And it's not that I'm saying, by the way, I'm not saying this is a new era. I'm saying this is the old era. What we've been through in mostly the last 10 years. But you could stretch it and explain that whole 40 year period was a grotesque and unusual series of things that came together, mostly including federal money printing by the Fed and QE and all the other things that they were doing. And that era is over and it ended in 2021. It ended when the bond market turned around, when actually it was 2020, it's the end of 2020. The bond market turned. When that happened, that was the end.And since then nothing has worked very well because the fundamental aspect of our financial lives is altered. And it no longer is a market with falling interest rates. It's no longer a market that the Fed can support by driving interest rates lower. It's a different world in which now the Fed is battling inflation. And once it decides not to battle inflation anymore, which I think it will, then you're going to see worse inflation. So that won't be like the period from 1980 to 2020. Not at all. It's going to be a whole different world with a different battle going on that'll be very hard to understand. And people say, Well, your stocks are going to go up. Well, they probably are going to go up, but they're going to go up like they did in Zimbabwe. They're going to go up like they did in Venezuela and like they did in Argentina. All of those markets were once the world's top performers. But when you adjust for the inflation, they were going down, it gets more complicated.And by the way, you have the advantage of being in the most complicated place in the world financially. And the Argentines learned to do these calculations. They have the blue dollar and they have the black dollar and they have the white dollar and they have the soy dollar. I'm not sure what that is. But now they have a new dollar. Did you know this as of yesterday, the Qatar dollar?Joel Bowman:Oh, I haven't heard about the Qatar dollar...Bill Bonner:The World Cup is taking place in Qatar and for Argentines who want to go, they have a special exchange rate.Joel Bowman:That's very interesting because I know I was aware, of course having lived here over the last dozen or so years, that we do have a dollar for every color of the rainbow and every gender you can imagine and pesos down here, they self-identify as all kinds of things. But I was made sort of brutally aware when I was on vacation just a couple of weeks ago to Brazil, I had forgotten that there is a clawback tax. This is part of the capital controls that happen here when you use an Argentine credit card abroad. I made the mistake of just handing it over for a hotel payment and then getting home to see my receipt and realizing that I'd had it sort of an extra 40 or 50% clawed back out of my account by the state. But this is the kind of shenanigans that happens when inflation gets out of hand.Bill Bonner:People, they find ways to try to obscure it, try to disguise it, try to eliminate it, but in doing everything but the one thing that really will work, right? They want to control prices. Now they're talking about controlling gas prices and states are providing people with extra money. There are all kinds of things and people find to try to overcome the fundamental reality of rising prices. And as in Argentina, they don't work, they never work.Joel Bowman:But it doesn't stop them from trying.So let's go back a little further then, because I was speaking to somebody just yesterday about this, it's a common kind of rejoinder to this narrative that we present in at Bonnet Rrivate Research, and that is where people say, Well, we've seen this before. It was the 1970s. Look, we had an oil embargo where a major oil producing block took supply off the global markets. We had the Nixon shocks, we had double digit inflation, it was runaway. And then we got Volker, and he marched in and whipped everyone into shape. And then as you said, then we're off to the races for the next 20, 40 odd years, rather. So what about today is different fundamentally than that seventies landscape that people think will just kind of, well, we'll muddle through and then we'll be off for another to a moonshot again?Bill Bonner:Well, the fundamental difference is 30 trillion dollars. The federal debt in 1980 was one trillion. Actually, it was below, it was actually 900 billion, below a trillion. Now it's 31 trillion, 30 times as much. That's the fundamental difference. And it's added to, it's not just the federal debt, it's also private debt, household debt, corporate debt, all at record levels. So they take them together and the whole sum of debt in America now is about 90 trillion. And what happens is, in this process of rates going up to bring things back to normal, the cost of all that debt goes up. And you soon realize that you can't pay it. That is not going to work.And that's what happened just two weeks ago in England when the traders saw what was happening and they were bidding up the yields, which is to say they're bidding down the prices on UK government bonds. And pretty soon all those big institutions, the pension funds, they rely on the price of those bonds to make their numbers work. And then suddenly it became clear they weren't going to work. And so the bank had to intervene. The Bank of England intervened with support stimulation, whatever you call it. They were buying bonds in order to save them from bankruptcy.And so what I suspect, I expect, this is what you call a high probability hunch, that the US is in the same situation, really even a worse situation in some ways. And as the Fed stays the course raises rates to try to get ahead of inflation, as they do so, we're going to see some things like what we just saw in England that certain institutions, could be Goldman Sachs, it could be JP Morgan, it could be a state pension fund like CalPERS in California. They've got billions of dollars. And they have done the same thing because this theory was pitched to them by Goldman Sachs of what they call LDI, which was matching your liabilities to some long-term goal. But what it really meant was they were ratcheting up the risk in order to try to improve the results. You can do that if you're a young speculator. But if you're managing the pension funds for a lot of retirees, that is practically criminal.So what's going to happen is somebody's going to get in big trouble and suddenly there's going to be that meltdown crisis on Wall Street in which the Powell and his fellow bankers, they really are part of a banking cartel in order to save themselves and their clients and their members Wall Street itself, they're going to say, Well, okay, that was a good idea. We need to get control of inflation, but not right now. Now we have to save the system because otherwise it'll go totally bad. I would say again, a high probability hunch is that that's going to happen and we're going to see a pivot from the central bank because they just owe too much.So your question was what's the difference now than from 1980? Well, the difference is all of that debt that they didn't have. Volker could raise rates to 20%. He could do that. He was condemned. He practically had to have an armed guard. People were threatening his life. But he could do that because America could afford it. Also, by the way, in 1980, it might have been 1979, stocks had already been squeezed so hard by inflation that they were already very, very cheap. They're not yet very, very cheap here. So we have a lot to lose. Trillions of dollars still to lose till we get there.By the way, we like to measure things in terms of gold, and in terms of gold, for a brief time you could buy the entire 30 Dow Jones industrial stocks for one single ounce of gold. And today, what is it? 18. What we're looking at is a totally different situation in which we have high deficit. The deficit was announced just yesterday for the current year of 1.4 trillion dollars. And this is at a year without really a crisis. A crisis hasn't appeared yet. They're running huge deficits. The debt is multiplying even without them. And we're in a situation where we can no longer continue on this course of action.And so what will happen, I believe is we'll see something will come up, some Lehman Brothers moment as they say on Wall Street will happen. And then the Federal Reserve will be forced to change towards inflation. And once that happens, it'll be the next stage. The stage we're in now is deflation. We're deflating all of those, a lot of those promises, obligations, debts and so on from the bubble era. That will go on until it becomes really painful and then they'll start inflating it again.Joel Bowman:And so this is what sets the backdrop for something that Richard Russell wrote about maybe 10 or 12 years ago. But it's the idea, and Tom Dyson of course has written about it over on our Substack page as well, and that is the idea of "cash now gold later." So gold after the pivot when hyperinflation, is off to the races...Bill Bonner:And we see so far that advice has been very, very good. Nobody really took it totally because it just felt awkward. We saw inflation running at 8%. So who wants to hold cash when inflation is running at 8%? But in fact dollars have ended up being the best investment so far this year. As long as we're in the deflation stage, you want cash and after the deflation stage you want something else. Probably gold, maybe stocks, stocks go up too. But you have to adjust that price by inflation, which is then out of control for the foreseeable future. That is going to be a different world. And that's a world that you probably know better than anyone because the inflation of Argentina is about 90%.Joel Bowman:Officially 90%. I tell my friends down here that Americans and Brits and Australians are worrying about 9% inflation. And they asked me to repeat myself, Sorry, did you say nine? We would kill for a 9% inflation. That would be a day in the sun for them.And so from then, from the past and the setup to where we think we are right now, I was speaking with our colleague last week, Mr. Byron King, and he and I spoke a little bit about the end of these three cheap abundant stimulants of this modern world that we've all come to just take for granted. Certainly in the last 40 years, and you've alluded to a couple of them already. But we've coming to the end, through various geopolitical kerfuffles and conflicts, of cheap energy. And we've outlined this over at Bonner Private Research. This feeds into our trade of the decade, which is long conventional energy. But that whole era of cheap, reliable local gas from various places seems to be coming to an end. This era of mass produced manufactured goods and tight supply chains unruffled by policies or global lockdowns, that seems now to be coming to an end. And of course as you've spoken about, we have potentially the end, at least for the foreseeable future, of cheap and available funny money, cheap and available discounted credit.Where do we go exactly from here? And I mean is it time to just build a bunker and buy gold and do nothing? I mean, how does the average person live through this if they're in that state of mind?Bill Bonner:One thing that we learned from the Argentine example is that you can live with inflation at a fairly high level. And this is not the first time they've done it in Argentina. You can live, but you can't live very well. The economy falls apart and you need to have protection from the local currency, which of course is what you do and what foreigners in Buenos Ares do because they operate on dollars rather than pesos, not prisoners of the local peso economy. And in a larger scale, when the economy turns around with the pivot on the Fed and more inflation in the US, that will be a similar reality in America, which you will not want to be dependent on the dollar completely, which is why you'll probably want to move assets into things which are not dollar dependent like gold, minerals, real things, timber. I'd like to be in the timber business. It looks good to me. Farming, a lot of things which are real and don't depend entirely on the value of the dollar. So I think that's where you're going to end up.It's not the end of the world by the way, no, it is not the end of the world if things go on, but they get more confusing. And they get a lot more confusing and people don't know what to do or what to make of them. And that's where you get the real problems because they feel cheated, and they are cheated. The whole idea of inflation is to cheat people. And so the guy who's worked all of his life, he's expecting his pension and his pension comes in and he realizes it's only worth half what he thought it was going to be worth. That guy gets pretty mad and he justifiably he gets angry and next thing you know he's out on the street or voting for somebody that he probably shouldn't vote for or whatever. People look for solutions. They want solutions. That's when they turn to the guy who has the easy solution. And that guy is almost always a fraudster.So it's a problem. And you get a big breakdown in society. Argentina, they had that inflation of, I'm not sure if it was the eighties, which ended up in the generals taking charge and military dictatorship was very common. In Venezuela you have that puppet government. I don't know what the world they are doing, but the guy Madura said that he had a crow or something on his shoulder who was whispering in his ear channeling the Chavez who was dead.Joel Bowman:Sounds as reasonable. Maybe we should get the Nobel Committee to give that guy a prize for telepathy from the great beyond or something.So speaking of the end of world and real assets, I promised our friend and our colleague Diego Samper that we would mention the solution to all of life's problems, all of the above. And that is your latest harvest of Tacana wine from your ranch down here up in the northern reaches of Argentina. I don't know how many people have looked at this on a map, but it's way up there in the north, right up close to the Bolivian border and it's really extreme country. We've been up there, we've been up there a few times.Bill Bonner:As you say, the solution begins with that popping of the cork.Joel Bowman:Around 6:00 PMBill Bonner:That's the most pleasant sound of the day. You pour yourself a drink and here in the autumn, here in Maryland, in the autumn, recently it's been chilly enough. So I just had a little fire in the fireplace, and at six o'clock I sit in front of the fire with a glass of Malbec and for a while it doesn't seem too bad.Joel Bowman:Yeah, it's palliative. So tell readers who haven't maybe experienced it yet the difference between, and I've spoken to Will, your son Will Bonner about this, the difference between what you can expect from a high altitude Malbec grown in really unique and extreme conditions and the watery diluted over sugared dyed stuff you might pick up at the supermarket.Bill Bonner:You stole my thunder there. But that is the difference that the high altitude, what it's doing is it the extremes between day and night. And the extremes between day and night require a thick skin to survive. And so the grapes grown at that elevation, they tend to have these very thick skins, and in the skins is all the flavor. So when you get that, the high altitude, not just our place, but any place in the valley, because we're in the valley which is the highest in the world for wine. You get wine that is very strong. And some people don't like it because it's too strong, but you get used to it soon enough and then everything else seems weak. When I drink my own Malbec, I feel like, well, there's real wine and everything else seems to be an imitation.Joel Bowman:Well I think “having a thick skin to last one through” is probably a good point to end our powwow today, Bill. I'm not sure where we're going to catch up next, but I hope there's a glass of high altitude Malbec involved in it and we can get a front row seat to whatever it is about to happen next in this passing parade.Bill Bonner:Well thank you Joel. It's been a pleasure.Joel Bowman:Yeah, thank you Bill. Cheers.P.S. Readers and or listeners wishing to grab a few bottles of high altitude Malbec will want to be nimble. Bill doesn't sell his Tacana bottles to supermarkets or restaurants, but instead directly to his dear readers… like you! But they typically sell out pretty quickly. If there's any left by the time you read this, you be able to secure your supplies here. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit bonnerprivateresearch.substack.com/subscribe

This episode delves again into McCarthy's roots as we consider his intersections with Irish literature.  The guest in this episode is Tennessean by birth and now fully Texified, Richard R. Russell is Professor of English and director of graduate programs at Baylor University. He earned an M Phil at the University of Glasgow and his MA and PhD from the U of North Carolina.  Books include Seamus Heaney:  A Critical Introduction, Edinburgh University Press, Seamus Heaney's Regions. University of Notre Dame Press, June 2014. Modernity, Community, and Place in Brian Friel's Drama. Syracuse University Press, Irish Studies series, 2013.  Poetry and Peace: Michael Longley, Seamus Heaney, and Northern Ireland. University of Notre Dame Press, 2010, and forthcoming James Joyce and Samaritan Hospitality by Edinburgh University Press.  He has published articles on McCarthy, including one on Beckett's influences in English Studies and “Embodying Place: Ecotheology and Deep Incarnation in Cormac McCarthy's The Road,” Christianity and Literature.Thanks to Thomas Frye, who composed, performed, and produced the theme music and interludes for READING MCCARTHY.  The views of the host and his guests do not necessarily reflect the views of their home institutions or the Cormac McCarthy Society. To contact me, please reach out to readingmccarthy(@)gmail.com. Find us on Twitter and Facebook; the website is at readingmccarthy.buzzsprout.com, and if you'd like to support the show you can click on the little heart symbol at the top of the page to buy the show a cappuccino, or you can support us at www.patreon.com/readingmccarthy.Support the show

In the United States, over 900,000 people work in the aviation industry, so that's a considerable amount of people in whom we place a great amount of trust to help keep us safe in the air. What you'll hear about today baffled and disturbed both the public and the loved ones of the person concerned in equal measure.Check out our other podcasts: itsarclightmedia.comEpisode Sponsor:- Go to Talkspace.com. Use the code DISASTER to get $100 off of your first month

Le sud de Londres. Une petite allée, on laisse un pub sur la gauche. Lisa-Kaindé et Naomi Díaz du duo Ibeyi nous reçoivent, quelques semaines après la sortie de leur troisième album Spell 31, dans l'appartement de Lisa, « un petit havre de paix rempli d'objets qui ont une âme et qui l'accompagnent ». Les sœurs jumelles âgées de 27 ans évoquent leur enfance à Cuba puis à Paris, l'influence de leur père musicien décédé alors qu'elles étaient encore enfant, leur amour des films de Hayao Miyazaki, leurs premières chansons, leur rencontre avec Richard Russell qui les signe sur son label XL, leur obsession pour l'amour, la transmission, la tradition, leur admiration pour les artistes Belkis Ayón, Asha ou Nina Simone et leur fascination pour Londres : « C'est une ville cosmopolite où les choses vont un peu plus vite qu'à Paris. Il y a beaucoup d'art, beaucoup de personnes qui bossent dans les bars et essaient de faire de la musique. Il y a une énergie extraordinaire. »Depuis trois saisons et désormais toutes les semaines, la productrice Géraldine Sarratia interroge la construction et les méandres du goût d'une personnalité. Qu'ils ou elles soient créateurs, artistes, cuisiniers ou intellectuels, tous convoquent leurs souvenirs d'enfance, tous évoquent la dimension sociale et culturelle de la construction d'un corpus de goûts, d'un ensemble de valeurs.Un podcast produit et présenté par Géraldine Sarratia (Genre idéal)préparé avec l'aide de Diane Lisarelli et Mélissa PhulpinRéalisation : Guillaume Girault Musique : Gotan Project Voir Acast.com/privacy pour les informations sur la vie privée et l'opt-out.

From his earliest days growing up on the West Side of Chicago in the 1950's, Marty Pick had an interest in politics. At the age of 12, Marty and his 13 year old friend Howard volunteer for various Presidential Candidates during the 1952 Democratic National Convention held at the Conrad Hilton Hotel in downtown Chicago. The two middle schoolers spend a week of their summer marching, shouting and singing around Michigan Avenue for all four of the potential nominees: Adlai Stevenson from Illinois, Estes Kefauver from Tennessee, Richard Russell from Georgia, and W. Averell Harriman from New York. In return for their efforts, the boys are given all of the pop and food they can eat and a bit of a political education.Marty Pick, who retired in 2004, had a succession of jobs at Hull House, including program director for kids and teens, day care social worker, and day care director. He finished up as a social worker for the Chicago Department of Aging.

People often have misconceptions about the Opera— it is too stuffy, too expensive, you have to get dressed up AND you can't even understand the words because it's all in Italian...or certainly not English. None of these are true as I found out. Attending the opera is affordable — a little more than the local movies — plus, you can come as you are. So if you were ever curious about what the opera is really like, you won't want to miss today's episode. Today my guest is https://www.sarasotaopera.org/leadership (Richard Russell, General Director) of the https://www.sarasotaopera.org (Sarasota Opera). After a very successful career as Citigroup's Vice-President and Global Webmaster for eCommerce serving 30 emerging markets countries in Latin America, Asia, Central, and Eastern Europe, and Africa, Richard eventually came back to his first love — Opera. Since 2012 Richard has led the Sarasota Opera and increased individual giving by over 50%, more than doubled its endowment and completed its world-renowned https://www.verdicycle.org (Verdi Cycle).  Mr. Russell managed the construction and fundraising for the new Steinwachs Artist Residences for Sarasota Opera, which encompasses 30 units housing up to 70 artists. He also negotiated and managed the purchase of stock of over https://www.sarasotaopera.org/costume-rental (30,000 opera costumes), representing 135 separate productions to increase Sarasota Opera's inventory of costumes available for its own use and for rentals to other opera, theater, and film companies. In this episode you will learn: Where Richard's love for Opera originally came from. Why people still hold several misconceptions about attending Opera. Why Opera is the most demanding stage art form. Performance milestones that set the Sarasota Opera apart. The first performance you should see if you are new to the Opera. … and much, much more. I'm so glad you joined us today and as always it is my hope that you will listen, learn and connect! https://www.sarasotaopera.org (Sarasota Opera) https://www.instagram.com/sarasotaopera/ (Instagram) https://www.facebook.com/Sarasota-Opera-138486537669 (Facebook) https://www.linkedin.com/company/sarasota-opera/ (LinkedIn)

This week we're talking about Richard Russell and how he stole an airplane from the company he worked for. Join us as we go over these details and make sure to check out our Facebook for our source information!

This butterfly is excited to be speaking with Benjamin J Butler. Benjamin J Butler is a former investor and now writer, futurist, and strategist. He has sat on the boards of a number of organizations as an expert on the future including Global Future Council of the World Economic Forum, the Board of Trustees of the American Renewable Energy Institute, International Advisory Board of Athena School of Management, and Futurist at Horasis Global. Benjamin believes humanity is at a turbulent but evolutionary inflection point and perhaps at the dawn of the creation of an ecological civilization. He currently writes a column on future trends on substack called Embassy of the Future. Benjamin started his career on Wall St but has worked out of many financial centers including London, Tokyo, Hong Kong, and Seoul. He worked at Morgan Stanley, Nomura, and UBS, in senior positions where he was a trusted advisor to international investors and Chief Investment Officers; known to be able to discern the larger trends and a prescient forecaster of the future. As a macro style cross-asset investor, he was a fund manager at Edge Capital and also acted as the de facto chief strategist to Blue Sky, one of the most successful hedge funds in the Asia Pacific region. Between 2014 and 2017, he wrote the weekly International Column at Dow Theory Letters with Wall St legend Richard Russell on global trends and investment. Concurrent to his career as an investor then futurist, he has been a devout practitioner of Zen and the Tao, having been based out of Asia for 22 years. In his early twenties, he moved to Japan and learned the Japanese language, culture, and Zen. He read Law at King's College London, holds a BA in Japanese and Economics from SOAS, University of London, and an MSc in Holistic Science from Schumacher College In this episode, you will hear about the role of the futurist, the global financial crisis in 2007, the values in the decentralization of power, ecological civilization, and more. Some notes… More about 1treellion.org and Benjamin J Butler. To support planting all over the world, please check out this link. The great music is credited to Pixabay.

The Week in Review at the Abbeville Institute, Jan 17-21, 2022 Topics: Robert E. Lee, Martin Luther King, Jr., Richard Russell, Wokism, Southern Tradition Host: Brion McClanahan www.brionmcclanahan.com

On this episode, we'll hear some incredible music from the Sarasota Opera, and speak with Executive Director, Richard Russell, and Artistic Director and Principal Conductor, Maestro Victor DeRenzi. They'll discuss the work their organization is doing to preserve opera traditions and how they're sharing them with the next generation. We'll also talk with Delores McKenzie, a former student in Sarasota Opera's Youth program, about her experience and love for the stage. For more information about the Sarasota Opera, please visit sarasotaopera.org

This is the second episode examining the phone calls so often cited as proof of the Chennault Affair and Lyndon Johnson's acknowledgement of Richard Nixon's "treason". When you listen to them all it will often leave you wondering if there is any there, there. Or is it the hope of a man, prone to paranoia, looking for an excuse as to why something he hoped so totally would come to pass, peace in Vietnam under his watch, would come true. Here you will hear them all, from start to finish, not snippets meant to prove a narrative, but the entire phone call, and it will give you a fuller sense of what Lyndon Johnson actually knew, and or believed he knew. These are the calls made after the Bombing Halt announcement on October 31, 1968 but before the November 5, 1968 Presidential General Election. 

This is not as complicated as it looks, but we start with these two episodes to have a subset of a subset of our series on 1968. These are a collection of phone calls, in their entirety of President Lyndon Johnson talking to the three Presidential candidates, Richard Nixon, Hubert Humphrey and George Wallace, Republican Leader Everett Dirksen, Democratic Senator Richard Russell, and cabinet members Dean Rusk and Clark Clifford. In it you will hear Lyndon Johnson talking to people with different goals in mind. He is sending messages to others through some people and developing strategy for how to deal with situations with others and seeking reassurance in still others.  It is a real glimpse at how LBJ operated and how he often thought out loud as he worked his way through problems. Unlike the news reports or historical documentaries, we are playing these calls in their entirety, not just snippets trying to prove our point. You will get to hear LBJ talk about Treason, and people's kids , the mundane, to the outrageous, and you will get to hear for yourself the messages, and the thoughts, of our 36th President, as he struggles with trying to force his will on a war, an election, an ally, and an entrenched enemy, all at the same time.  You will get to hear for yourself the use of the Johnson treatment with all its bombast, bullying, flattery, deceptiveness, and delusions, plus his real desire and hope to play a role in peace, and ending this war. A war that brought his career to an end. These calls were the ones made before the announced bombing halt on October 31, Halloween 1968. 

Every been on a plane? Ever flown a plane? Ever stole a commercial airliner and done a barrel roll? Well ... Richard Russell did. We present to you ... The Sky King.Ad-free episodes, hours of extra content each week, exclusive merch, and early access to all of the 11:59 Media podcasts. Start accessing hundreds of additional hours! Visit 11:59 PLUS.

On this episode a look at the controversy around the senate office building named after Former Senator Richard Russell, Democrat of Georgia. He died in 1971, but it's votes and remarks he made before his death that have some in Washington calling for the building to be renamed. Betty Koed, United States Senate Historian and Professor Robert Mann of LSU provide insights into this issue. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lyn Alden, Michael Oliver and Peter Ball return. Legendary stock guru Richard Russell used to say that stockbrokers became wealthy because they didn't buy their own B.S. Washington and Wall Street are known for spinning tall tales of Nirvana. Not surprisingly, the C.B.O now says there will be a V-shaped recovery with minimal further stimulus and that federal debt as a percentage of GDP will quickly level off and remain leveled through the 2020's. How realistic is that? We will ask both Lyn Alden and Michael Oliver, neither of which ever don rose-colored glasses, about our chances for exiting the current perfect economic and geopolitical storm to enjoy economic Nirvana. Peter Ball will join us to provide an update on the latest exploration developments for NV Gold in Nevada.

In a Wyoming chicken diner, two mysterious strangers make trouble with the locals over a philosophical matter. But their professed tolerance is put to the test by a remarkable failure in judgment that involves animal rights, bicoastal elitism, and a great deal of swagger. (Running time: 22 minutes, 2 seconds.) Written and directed by Edward Champion CAST: Romero:  David Ault Donna: Nicole Papadopoulos Audrey:  Amanda Rios Dennis:  Edward Rosini Hipster Diners: Sam Mercer Mother:  Lauren LeCocq Daughter: Devony DiMattia Police:  Jessica Boudreau and Noah Martin Chuck:  Edward Champion Background Voices: Morgan Corcoran, Roderick Jaynes, and Emilio Lizardo Associate Producers: Morgan Corcoran and John Osborne Sound design, editing, engineering, and mastering by a bald man in Brooklyn who sometimes writes haiku about ducks on Thursdays. Music licensed through Neosounds. Songs: Jason Shaw's "Rocky Top" and "Chasin' It" appear via a Creative Commons Attribution 3.0 license. Image licensed through Richard Russell via a Creative Commons Attribution 2.0 Generic license. Thanks for listening!