Death by a Thousand Cuts
Yesterday, I started the day on a guided tour of the Louvre Museum. It was interesting as always. Every time I go, the art stays the same, but I change and two things caught my eye this time.
The first thing I was contemplating is the Mona Lisa. Here was a painting by Da Vinci, who wasn’t special for any particular reason, until one Italian employee of the museum, stole it over a century ago and the media attention the case received, made the Mona Lisa perhaps the most famous painting in history.
The Italian patriot, who reasoned that this work of art should reside in his home country, inadvertently made the painting a worldwide phenomenon and brought 12 million annual tourists to the museum.
This clearly shows you the power of unintended consequences.
The Federal Reserve is extremely concerned with those, which is the reason they paused interest rates hikes, in order to allow the lag effect of monetary policy to play out.
The second thing that I was instantly drawn to is the wealth and riches of the kings that lived in the palace.
Their one major sin was their inability to understand the power is with the people, not with them.
France is a clear example for what the power of the masses can do, if pushed to the limit.
The United States is clearly following an unsustainable path in fiscal deficits, which the Federal Reserve is not willing to get mixed up with.
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When asked about Washington’s reckless spending, he distances the banking institution from the chambers of Congress and that’s not by mistake… it is by design.
He knows, just like Napoleon Bonaparte intuitively sensed, what battles are worth fighting and what are best to avoid.
That is true about Napoleon, until he attempted to invade in the winter, his first real mistake, but that was all it took…
Remember, the brilliance is not in attempting great things, but in doing EVERYTHING you do in a great way.
NATO is telling Putin that his gamble is looking worse by the day. He played his hand, attempted to conquer Ukraine, seize control of it and leverage that to tighten relations with Turkey and weaken NATO, but it’s backfiring in a big way.
Putin’s first stated goal for this war was to make sure no other borders with NATO are formed, but with Finland’s inclusion and Sweden’s upcoming one, he was just served with 1,300 KM of additional frontline to deal with.
He’s failing and his propaganda machine only works on Tucker Carson, it seems.
Turkey and Hungary, which were supposed to delay the inclusion of Finland and Sweden, didn’t want to be on the wrong side of history and bet on Russia, instead of on NATO.
With the largest air force exercise in NATO history happening, as we speak, with 24 member countries involved and with naval exercises in the Baltic Sea, Putin understands his options and possibilities are looking grim.
Best Regards,
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