Is Boeing going down?

Boeing just posted its first significant loss in a long time:

Boeing reported its first annual loss in more than two decades as costs from the 737 Max crashes rise sharply. Boeing said it lost $636 million in 2019, marking the company’s first annual loss since 1997 and in stark contrast to the profit it posted in $10.46 billion in 2018 — before a second crash grounded its best-selling planes worldwide.

The dismal results come as Boeing is struggling through the crisis stemming from two crashes of its 737 Max that killed all 346 people aboard the flights. The manufacturer this month suspended production of the planes, which regulators grounded in March after the second of the two fatal flights.

Boeing reported a loss of $2.33 per share for the fourth quarter of last year. Revenue in the last three months of the year dropped 37{de336c7190f620554615b98f51c6a13b1cc922a472176e2638084251692035b3} to $17.91 billion compared with $28.34 billion in the year-earlier period.

The debacle’s costs to Boeing are rising to more than $18 billion, the company said, roughly double what it outlined in the previous quarter. That amount includes an additional $2.6 billion pretax charge to compensate airlines and other 737 Max customers because of the grounding. Boeing had taken a $5.6 billion pretax charge in the second quarter to compensate its customers.

The company recently reported its worst annual sales figures in decades and it handed the crown to the world’s biggest aircraft manufacturer to its rival Airbus.

For some reason, this article reminded me of when Enron reported a surprise loss of similar proportions back in 2001.

In October 2001, Enron reported a loss of $618 million— its first quarterly loss in four years. 

Due to the massive debt these megacorporations carry, it doesn’t take much to take them down once things start to go south. Enron filed for Chapter 11 bankruptcy only two months later. I’m not saying Boieng is in anywhere nearly as bad shape as Enron was, but the synchronicity may be worth noting.


Planning Charlottesville 2.0

The disarmament forces are actively seeking to create more anti-gun martyrs as an excuse to continue their war on the Second Amendment and the American people:

The Virginia Citizens Defense League’s yearly rally at the Capitol typically draws just a few hundred gun enthusiasts. This year, however, thousands of gun activists are expected to turn out. Second Amendment groups have identified the state as a rallying point for the fight against what they see as a national erosion of gun rights.

“We’re not going to be quiet anymore. We’re going to fight them in the courts and on the ground. The illegal laws they’re proposing are just straight up unconstitutional,” said Timothy Forster, of Chesterfield, Virginia, an NRA member who had one handgun strapped to his shoulder and another tucked into his waistband as he stood outside a legislative office building earlier this week.

VCDL president Philip Van Cleave said he’s heard from groups around the country that plan to send members to Virginia, including the Nevada-based, far-right Oath Keepers, which has promised to organize and train armed posses and militia.

Extremist groups have blanketed social media and online forums with ominous messages and hinted at potential violence. The FBI said it arrested three men linked to a violent white supremacist group Thursday who were planning to attend the rally in Richmond, according to a law enforcement official who spoke to The Associated Press on condition of anonymity to discuss an active investigation.

Democrats have permanently banned guns inside the Capitol, and Gov. Ralph Northam declared a temporary state of emergency Wednesday that bans all weapons, including guns, from Capitol Square, during the rally to prevent “armed militia groups storming our Capitol.” Gun-rights groups asked the Virginia Supreme Court to rule Northam’s declaration unconstitutional, but the court on Friday upheld the ban.

Northam said there were credible threats of violence – like weaponized drones being deployed over Capitol Square. On Friday, the FAA issued a temporary flight restriction, including for drones, over Capitol airspace during the rally.

The governor said some of the rhetoric used by groups planning to attend Monday’s rally is reminiscent of that used ahead of the white nationalist rally in Charlottesville in August 2017. One woman was killed and more than 30 other people were hurt when a white supremacist drove his car into a crowd of counter protesters there.

The Virginia State Police, the Virginia Capitol Police and the Richmond Police are all coordinating the event and have plans for a huge police presence at Monday’s rally that will include both uniformed and plainclothes officers. Police plan to limit access to Capitol Square to only one entrance and have warned rally-goers that they may have to wait hours to get past security screening.

The massive “temporary flight restriction” is particularly ominous, as it would appear to be designed to prevent independent camera drones from providing a clear picture of what is happening. While there is no way of knowing what will inspire the eventual collapse of the political union, if Richmond does represent the start of the next stage of the collapse, I very much doubt anyone will be surprised.


The descent into barbarism

Import the third-worlders, then relax and enjoy the inevitable child rape that accompanies the descent into third-world society.

The child sexual abuse scandal that rocked a central city in the United Kingdom when it erupted four years ago appears to be worse than originally believed. New figures by the National Crime Agency (NCA) put the number of children believed to have been sexually exploited in the town of Rotherham over 16-year period at an astonishing 1,510 – up from the 1,400 figure identified in a 2014 report.

At least 1,300 were female, detectives said Tuesday, the BBC reported.

A previous report commissioned by the Rotherham Council in 2014, found that at least 1,400 children – “a conservative estimate” – had been sexually exploited in the South Yorkshire city between 1997 and 2013.

According to the 2014 report, children as young as 11 were “raped by multiple perpetrators, abducted, trafficked to other cities in England, beaten and intimidated.”

Police said the victims were plied with drugs and alcohol before being abused at parties, in taxis or in back rooms. The vast majority of the victims were white British girls ages 11 to 19.

That faint sound you hear is the sweet, sweet sound of helicopters in the distance. Believe it or not, time has proven that even the economic and technological retardation of communism is morally and materially superior to the sociocidal neo-liberal world order.

And even the most savagely brutal forms of nationalism are morally and materially superior to the philosophical absurdities of equality, immigration, and open borders.


Did the Churchians win?

The Churchian Methodists are offering Christians $25 million to leave the denomination:

Factions in the United Methodist Church (UMC) have reached an initial settlement around its intractable division over LGBT marriage and ordination—offering $25 million to a group of conservative congregations who want to break away and form a new denomination.

Various groups were slated to once again propose different plans for a split at the UMC’s general conference in May, but under the new agreement, they will abandon the proposals and put their full support behind the Protocol of Reconciliation & Grace Through Separation, which was announced Friday…. The protocol will still need to be approved by the UMC’s legislative body, but has unanimous support from a diverse 16-member mediation team, including representatives from “UMCNext; Mainstream UMC; Uniting Methodists; The Confessing Movement; Good News; The Institute on Religion & Democracy; the Wesleyan Covenant Association; Affirmation; Methodist Federation for Social Action; Reconciling Ministries Network; and the United Methodist Queer Clergy Caucus; as well as bishops from the United States and across the world.”

“This is very likely to bring to an end this dysfunction that we have suffered through for the past 47 years,” said Rob Renfroe, president and publisher of Good News and pastor of adult discipleship at The Woodlands UMC outside of Houston. “We were never going to find a way to move forward together. Our ultimate goal of setting each other free to do ministry as we believe God would have us do has come to fruition.”

The 12.5-million-member UMC has been in a standoff over LGBT issues for decades, culminating in a vote in favor of its traditional position against same-sex marriage and gay clergy during a special session last year. As a result, some left the UMC, some continued to defy the UMC positions outright, and some challenged the legality of the vote in the denomination’s court—ultimately putting the question of how to move forward before the delegation once again in 2020.

The result of months of negotiation, the new protocol creates a quick, “clean break” for a new, traditionalist denomination that has yet to be created but will receive a $25 million sum at its inception.

It was looking good after the vote this spring, and yet it seems that the Fake Christians always seem to end up with the leadership positions and the property. This is the price of failing to heed the Biblical warning about wolves in sheeps’ clothing.

That being said, it’s not over yet. And at the end of the day, all we need is twelve.


Sexual immorality and the decline of the West

This summary of J.D. Unwin’s work from the 1930s is the practical application of the theoretical argument that connects Western post-Christianity to the observable decline of the West:

  1. Effect of sexual constraints: Increased sexual constraints, either pre or post-nuptial, always led to increased flourishing of a culture. Conversely, increased sexual freedom always led to the collapse of a culture three generations later. 
  2. Single most influential factor: Surprisingly, the data revealed that the single most important correlation with the flourishing of a culture was whether pre-nuptial chastity was required or not. It had a very significant effect either way.
  3. Highest flourishing of culture: The most powerful combination was pre-nuptial chastity coupled with “absolute monogamy”. Rationalist cultures that retained this combination for at least three generations exceeded all other cultures in every area, including literature, art, science, furniture, architecture, engineering, and agriculture. Only three out of the eighty-six cultures studied ever attained this level.
  4. Effect of abandoning prenuptial chastity: When strict prenuptial chastity was no longer the norm, absolute monogamy, deism, and rational thinking also disappeared within three generations.
  5. Total sexual freedom: If total sexual freedom was embraced by a culture, that culture collapsed within three generations to the lowest state of flourishing — which Unwin describes as “inert” and at a “dead level of conception” and is characterized by people who have little interest in much else other than their own wants and needs. At this level, the culture is usually conquered or taken over by another culture with greater social energy.
  6. Time lag: If there is a change in sexual constraints, either increased or decreased restraints, the full effect of that change is not realized until the third generation. 

Thanks to the rationalist generations that preceded them, the first generation of a society setting aside its sexual restraints can still enjoy its new-found sexual freedom before any significant decline in culture, but the data shows that this “having your cake and eating it too” phase lasts a maximum of one generation before the decline sets in. Unwin wrote:

The history of these societies consists of a series of monotonous repetitions; and it is difficult to decide which aspect of the story is the more significant: the lamentable lack of original thought which in each case the reformers displayed, or the amazing alacrity with which, after a period of intense compulsory continence (sexual restraint), the human organism seizes the earliest opportunity to satisfy its innate desires in a direct or perverted manner. Sometimes a man has been heard to declare that he wishes both to enjoy the advantages of high culture and to abolish compulsory continence. The inherent nature of the human organism, however, seems to be such that these desires are incompatible, even contradictory. The reformer may be likened to the foolish boy who desires both to keep his cake and to consume it. Any human society is free to choose either to display great energy or to enjoy sexual freedom; the evidence is that it cannot do both for more than one generation.

Looking at our own sexual revolution, the “having your cake and eating it too” phase would have lasted into the early 2000’s. We are now at a stage where we should begin to observe the verification or falsification of Unwin’s predictions.

As any honest observer would readily conclude, Unwin’s predictions are being verified with a vengeance. The solution is simple: walk the narrow path. Get married. Be faithful. Have children. And then plant the acorns that will grow into the mighty oaks underneath which your great-grandchildren will play.


Prince Andrew is busted

And busted HARD. There isn’t any more doubt about who is lying about their past relationship:

Prince Andrew sent an email to Jeffrey Epstein’s alleged madam Ghislaine Maxwell at 5.50am to let her know he had ‘specific questions’ about Virginia Roberts in 2015.

Tonight’s BBC Panorama investigation uncovered the email which suggests he asked for Ghislaine Maxwell’s help in responding to Virginia Roberts’ claims he had sex with her when she was 17 and a trafficked ‘sex slave’ of Epstein.

In the email the Prince tells Ghislaine Maxwell: ‘Let me know when we can talk. Got some specific questions to ask you about Virginia Roberts.’

Ghislaine replies: ‘Have some info. Call me when you have a moment.’

At this point, more people believe Epstein killed himself than believe anything Prince Andrew says about Virginia Roberts.


The endgame of the converged church

In case you’re not certain precisely the nature of the force behind the push for women in the post-Christian pulpits:

A church in Malmo has a new altarpiece meant to celebrate inclusivity by replacing Adam and Eve in paradise with gay couples in suggestive poses, while depicting the serpent tempting them as a transgender woman.

The controversial work of art is not new. Photographer and artist Elisabeth Ohlson Wallin painted it in 2012 and tried to donate it to the Skara Cathedral just before the church was preparing to conduct the first same-sex wedding in its 1,000-year history.

The openly lesbian artist, who has a history of blending religious imagery with pro-minority activism, said at the time that she wanted to test if the Church of Sweden was as gay-friendly as it claimed to be when it embraced same-sex marriage in 2009. The Skara Cathedral politely declined the gift, saying it was about political activism and not faith.

But over seven years have passed, and now Wallin has got her way, even if it isn’t in her home city. St. Paul’s Church in Malmo accepted the painting called “Paradise” as its new altarpiece and unveiled it on Sunday, the first day of Advent. Helena Myrstener, the pastor, said that “history was written” in the hanging of the “LGBT altarpiece” as she tweeted a photo of the painting.

We don’t have to understand why God tells us one thing is acceptable while another is not. But if we pay attention, we can often glean at least a modicum of understanding of the reason underlying His prohibitions.

This should also make it clear that tolerance, equality, diversity, and inclusivity are not virtues, but rather evils conceived to lure Man to destruction.


The mask comes off

The imperial state not only wants you fat, sickly, and disarmed, but tactically ignorant as well. At this rate, it won’t be long before they ban wargames, of both board and computer varieties:

Be it enacted by the General Assembly of Virginia:
1. That § 18.2-433.2 of the Code of Virginia is amended and reenacted as follows:

§ 18.2-433.2. Paramilitary activity prohibited; penalty.

A person shall be is guilty of unlawful paramilitary activity, punishable as a Class 5 felony if he:

1. Teaches or demonstrates to any other person the use, application, or making of any firearm, explosive, or incendiary device, or technique capable of causing injury or death to persons, knowing or having reason to know or intending that such training will be employed for use in, or in furtherance of, a civil disorder; or

2. Assembles with one or more persons for the purpose of training with, practicing with, or being instructed in the use of any firearm, explosive, or incendiary device, or technique capable of causing injury or death to persons, intending to employ such training for use in, or in furtherance of, a civil disorder; or

3. Assembles with one or more persons with the intent of intimidating any person or group of persons by drilling, parading, or marching with any firearm, any explosive or incendiary device, or any components or combination thereof.

2. That the provisions of this act may result in a net increase in periods of imprisonment or commitment. Pursuant to § 30-19.1:4 of the Code of Virginia, the estimated amount of the necessary appropriation cannot be determined for periods of imprisonment in state adult correctional facilities; therefore, Chapter 854 of the Acts of Assembly of 2019 requires the Virginia Criminal Sentencing Commission to assign a minimum fiscal impact of $50,000.

Still think they’re not afraid of you? Notice that sections 2 and 3 are based on “intent”, as if they can possibly know why one individual is training, drilling, or parading with another individual. Wolves always prefer sheep to sheepdogs.


The new white underclass

You may recall that I told you the Great Depression had returned in 2008. The financial architects have managed to convince everyone otherwise, but the growing number of tent cities and the new white underclass belie their manufactured statistics:

Cities like San Francisco spend tens of millions of dollars each year trying to keep the streets clean to no avail. Within hours, freshly cleaned streets are again covered in filth. Many people seem to think the city needs to throw more money at the problem.

What do you think? How should they address the problem?

Doug Casey: Cleaning up after these people isn’t a solution. It’s cosmetic, at best.

What we have are thousands on the streets who produce nothing, and only consume. They survive on food stamps, various welfare programs, handouts, petty theft, and the like. In other words, they’re not an asset either to themselves or to society. They’re an active liability, and they’re actually encouraged by being allowed to group together on other people’s property.

Will cleaning up after them solve the problem? No, it aggravates it.

It’s now an epidemic. It started in 2008 when lots of middle-class people lost their houses. And oddly, the trend toward people living on the street has been growing over the last 10 years of artificial boom.

We’re going to have a very real bust very soon. The high levels of debt that we have today have allowed the whole country to live above its means. When the economy adjusts to lower levels of consumption, a new avalanche of people will lose their jobs, and they’ll have no savings to fall back on. However, their debts will remain and keep them from getting back up.

Not so long ago, Americans saved up and bought their cars for cash. Your car was a small asset, but it was an asset. Then came two-year, then three-year, five-year, and now seven-year financing. In fact, most now lease their cars, because they can’t afford to buy them, even with seven-year financing. The things have gone from being a small asset into a major liability. With simple pickup trucks selling for upwards of $50,000, many are going to lose their transportation. Then they can’t get to their job, can’t pay their rent or mortgage, and they’re out on the street. It’s easy to see how an ex-member of the middle class could become mentally unbalanced and start doing drugs.

People could lose houses they bought with mortgages they can’t afford but think they can because of today’s very low floating interest rates. Just like back in 2008 and 2009. Plus, real estate taxes keep going up—partly because local governments are in good measure responsible for supporting lowlifes forced to live on the street, ironically due to high real estate taxes.

Utilities are going to go up because commodities are very, very low now. They’re going higher—good for commodity speculators; not good for Joe and Jane Consumer.

So, you’re going to see more people moving onto the streets. And let me reemphasize this: They’re not—now—necessarily junkies or mentally disabled. But they may be, once they lose everything they thought they had. Their numbers are going to grow as the economy goes downhill.

This is an explosive problem. These are people who will have nothing to lose. They’re going to be overcome by envy of and resentment against the rich. You can count on them to vote Democratic in 2020.

The entire system is rapidly breaking down. Hence Russia Russia Russia and the impeachment charade. When the latter fails, it will be something else. And while it would appear unlikely at this point in time, it’s far from impossible that the God-Emperor will have to declare martial law before the next election. I doubt he will unless absolutely forced to do so; he’s a negotiator, not a warrior. But I suspect he now fully realizes that there is no way out but victory.


The foolish arrogance of the U.S. elite

Even if he may be playing it a little heavy for tongue-in-cheek purposes, the foolish arrogance of an elite that genuinely, but erroneously believes it is smarter than everyone else is readily apparent in this interview with Angelo Codevilla by David Samuels:

David Samuels: In 2010, you wrote an article, which then became a book, in which you predicted the rise of someone like Donald Trump as well as the political chaos and stripping away of institutional authority that we’ve lived through since. Did you think your prediction would come true so quickly?

Angelo Codevilla: I didn’t predict anything. I described a situation which had already come into existence. Namely, that the United States has developed a ruling class that sees itself as distinct from the raw masses of the rest of America. That the distinction that they saw, and which had come to exist, between these classes, comprised tastes and habits as well as ideas. Above all, that it had to do with the relative attachment, or lack thereof, of each of these classes to government.

One of the things that struck me about your original piece was your portrait of the American elite as a single class that seamlessly spans both the Democratic and Republican parties.

Of course, yes. Not in exactly the same way, though; what I said was that the Democrats were the senior partners in the ruling class. The Republicans are the junior partners.

The reason being that the American ruling class was built by or under the Democratic Party. First, under Woodrow Wilson and then later under Franklin Roosevelt. It was a ruling class that prized above all its intellectual superiority over the ruled. And that saw itself as the natural carriers of scientific knowledge, as the class that was naturally best able to run society and was therefore entitled to run society.

The Republican members of the ruling class aspire to that sort of intellectual status or reputation. And they have shared a taste of this ruling class. But they are not part of the same party, and as such, are constantly trying to get closer to the senior partners. As the junior members of the ruling class, they are not nearly as tied to government as the Democrats are. And therefore, their elite prerogatives are not safe.

As a young person moving through American elite institutions, I was always struck by the marginal status of those other people you mention, Republicans. Clearly, they were not as bright as me and my friends were, which is why they were marginal, even if they had an easier path to some kind of dubious status as pseudo-intellectuals in their second- or third-rate party organs. That hardly mattered, though. The New York Times was the important newspaper, and it was a liberal newspaper. The New Yorker was an important magazine, and so it was a liberal magazine. Right-wing types might look instead to the Conservative Review of Books, published out of Mobile, Alabama, or the Jesuit review of something or another. But nobody was quaking in their boots about how such places might review your work. All the cultural capital was on the Democratic side of the ledger.

What a marvelous recitation of ruling class prejudice.

Of course, you would not have judged them to be nearly as intelligent as you folks were. And you probably didn’t imagine that others would think you less intelligent.

Let them rant and rave about their conspiracy theories and whatnot. They didn’t matter.

Well, they didn’t matter. Because of the power that you wielded, because of the institutions that you controlled.

Now let me give you an alternative. In France, with which you tell me you are acquainted, you have meritocracy in government and institutions. Meritocracy ensured by competitive exams. I, and a bunch of nonliberal democrats as myself, would be absolutely delighted if institutions like The New York Times, The Atlantic, were to open their pages to people who bested others in competitive exams. But of course, they’re not thinking at all of doing that. As a matter of fact, the institutions of liberal America have been moving away from competitive exams as fast as they know how.

In living memory, and I’m an example of that, it was for a time possible for nonliberal Democrats to get into the American foreign service, and if they did as I did, and scored number one in their class, they would have their choice of assignments. But now, you have all sorts of new criteria for admission into the foreign service, which have supposedly ensured greater diversity. In fact, what they had done was to eliminate the possibility that the joint might be invaded by lesser beings of superior intelligence.

There is a curious mélange of dispensations under which people are escorted into the grand ballroom of the good and the great, right? Category one were with high test scores. Then there were the children of people who had gone to these institutions in previous generations, whose parents have money and might be named Cabot or Lowell. Then there were the admissions categories that cover you in the opposite direction—4.8{f18bb1fdf52d98bded86883b9be18028c561f8992f79c47739bf349fa8a297cc} African Americans plus at least one white person who grew up without shoes in the mountains of West Virginia. These covering cases were useful because they could be trumpeted as proof of how far and wide the net was cast. All of which went to show that the most meritorious people were all gathered together in this place, and were therefore fit to rule everyone else.

Merit as defined by what?

I have no idea.

Merit as defined by the capacity to be attractive to those at the top of the heap. In other words what you have is rightly called not meritocracy, but co-option.

Now it is one of the fundamental truths of our co-option that it results in a negative selection of elites. That each group selects people who are just a smacking below themselves, so that generation after generation, the quality of those at the top deteriorates.

Are you suggesting that the all-white Christian male elites, who largely inherited their status from their parents, were more deserving of their elevated status than their more diverse counterparts, like the people who ran American foreign policy under President Barack Obama?

I don’t know that the statesmen of the 1920s and ’30s were any more meritorious than the folks under Barack Obama, because they themselves were not selected by any meritocratic criteria, as you suggest. However, I do know, having taught college for many years, that the amount of work that was done by college students 50 years ago or more was considerably greater than the amount of work that is done by college graduates today.