Sniffy

 

That is all,

LSP

Some Words From Pat

 

How could the Left have lost so very, very hard? Here's Pat Buchanon:

In half a lifetime, many have seen their God dethroned, their heroes defiled, their culture polluted, their values assaulted, their country invaded, and themselves demonised as extremists and bigots for holding on to beliefs held for generations.

Americans, unlike Europeans, are massively tired and sick of this and voted against it. Me? I was pleasantly surprised to discover we had the mechanism to do so.

Cheers,

LSP

Texas is Awesome Liturgical Dance is Not

 

It's great to be back in Texas where there's no liturgical dance outside of Austin, just all this big sky threatening rain, yes please, and dusty roads. But maybe this angers you, maybe you want liturgical dance. Here, have a look:

Beautiful, isn't it. Not unlike a Clown Mass, on reflection. Check it out:

And they're wondering why the Church of England is dying, which it is. No wonder, the people in charge of the operation don't believe in the Faith they're paid to promote. Witness subsequent clownshow. Is there a solution? Always.

Years ago, I celebrated a wedding in rural England, just a kid, and some ne'er do wells crossed me afterwards in the churchyard, "We're from the old religion," they said, and I paused, "So you're Roman Catholics? Perhaps you like Chesterton?"

They did, curiously, and we got along just fine, despite their Fuhrer having flicked a dead rat at me over the grave of a county worthy. Regardless, solution?

Return, steadfast to the Faith, regardless of denom, and say NO to the godless NWO. I tell you kids, it's dark v. light right now. Rise to the challenge.

Your Pal,

LSP

Nessie's Back

 

Do you remember the Loch Ness Monster? Sure you do, an historic cryptid if ever there was one. There it is, according to sightings for a solid 100 years, a sea serpent, perhaps a living dinosaur, in a loch, in Scotlamd.

Far out, I guess Nessie just paleolithic sea monster decided to beat its friends' extinction event by hanging out in the 230 meter depth of a Scottish loch, undisturbed. A sleeper agent from the Younger Dryas and beyond, sorta thing.

Ha, ha, how stupid, like the Anglican Church of Canada itself (ACOC) or its older brother, the dying Church of England (COE). But not so fast, punters. Unlike ACOC and the risibly rainbow COW Nessie shows signs of life. 

Seriously, some fisher persyns mapped out a sonar image of the beast. Like no fooling. What does this mean? At the very least that Team LSP has to foray into Scotland and get to the root of the matter. As in, see if there's a dinosaur in that loch or not.

In the meanwhile, our beloved rulers refuse to help Trump voting citizens in America despite spending billions on money laundered aid to the living monster that is Ukraine.

Cheers,

LSP

Look What Happens...

 

When you take a break from the hurley burley, a massive, catastrophic flood streams through Appalachia, destroying towns, houses and, most importantly people. What a total disaster. And what do the Feds do, the very same people who tax you. Nothing or very little. 

In fact it's worse than that. They're actively blocking civilian volunteers from giving aid to the communities and people washed away in the flood. Like no kidding, you fly in there on your private chopper or mule train to help these people, like a citizen, and we're gonna arrest you. Wow, we've sunk really low.

You can read all about it on the internet, while it's still legal in this country. In the meanwhile, don't forget FEMA is outta cash coz it gave all its money to illegal immigrants. Quelle horrible vote winning surprise.

Do you think, dear readers, that our beloved overlords really, really hate us? You know, all the way to the nearest Georgetown steakhouse. Let me put it another way. Do you think our rulers care more for our well-being, here in America, or for money laundering schemes in, say, the Ukraine? 

To help us in this simple thought experiment, ask yourselves which action leads to their, our rulers, enrichment. Some might argue we're dealing with outright traitors to their country and people. Gauge the consequence.

Yours,

LSP

Malfeasant

 

What, our governance? No, just the upstairs AC, which is no joke in September Texas. Point in mind, I slept for a week on the couch downstairs, where the air works and it isn't 100+* But all that's over now, Greg turned up and replaced the malfeasant compressor.

He's a good guy and wears camo, which means you mostly can't see him. He also turned away from assorted wickedness to "follow Christ." Well done. Does that include assisting Mass? I've asked, many times. Not yet, apparently. Hey, Rome wasn't built in a day.

In other news, P Diddy's sharing a room with FTX Friedman, the totally not corrupt Mayor of NYC is being charged by the totally not corrupt DOJ and the fuel tanker which supplied a Middle East US Carrier Group apparently "ran aground." Far out, sure that wasn't a torpedo? You know, just throwing it out there.

Get off the couch, 

LSP

Word

 

A friend sent this, via Rod Dreher's substack:

"It is not that they love the millions of migrants and illegals more than their own countrymen. They hold us both in contempt: they are content to see the migrants exploited and trafficked, and to see us swamped and erased. Their approach signals their inmost selves, cruelty masquerading as compassion. The desperate girl trafficked from the Darien Gap to Dallas, raped and sold along the way, laboring to pay a fraudulent debt at an off-the-books job, is the apotheosis of progressivism’s achievement."

 

Wish I'd written that,

LSP

And The Stats Are In

 

We reached out to a qualified demographic with the question, "Is Taylor Swift a Devil Clone?" and the results are in. An overwhelming 77% majority said yes, she definitely is a Devil Clone of Zeena Lavey.

However, a surprising number thought the smash hit pop icon wasn't a Devil Clone. Fully 15% of respondents gave Tay-Tay a pass, with one stating, "The official Vatican position is no."

Again, perhaps surprisingly, a minority of 8% sat on the wall. Maybe the billionaire Illuminati leftist is a Devil Clone, maybe she isn't. They weren't sure. "She needs to be carbon dated first," replied a cautious UK respondent.

Here at the Compound we believe figures don't lie. Have you seen Zeena and Tay-Tay at the same cocktail party? Exactly, time to follow the science.

Statistically,

LSP

Is Taylor Swift A Devil Clone?

 

note devil horns

Readers of this low-level kebob stand on the Information uperhighway are no strangers to pop icon, super celebrity, smash hit wonder Taylor Swift. But is Tay-Tay really Tay-Tay or is she a devil clone of notorious Satanist Zeena Lavey?

Zeena Lavey and Tay-Tay

Photographic evidence shows Swift and Lavey looking eerily similar, so similar that pundits claim the two women are one woman, an infernal clone bred on the dark altars of the Satanic Temple. Others are more prosaic and suggest Swift is simply Zeena's secret daughter.

the great replacement

Others again, replacement theorists, believe the billionaire leftist superstar has been replaced by a Luciferian construct who looks like the devil clone of Zeena Lavey but is, in fact, a kind of Illuminati golem.

Devil Clone? You be the judge

Here at the Compound we believe Tay-Tay's a Devil Clone. Sometimes the simplest solutions are the best solutions. But that's just us, what's your call?

Out Demons Out,

LSP

BREATH TAX

 

Tax That Terrorism

Everyone knows we're in a war, a bitter war, a vicious war, a no-holds-barred war against a ruthless enemy, the Weather. You see, what happens is this. Thanks to man-made Carbon Dioxide (CO2) emissions, fragile planet earth is shrouded in CO2 and heats up like a greenhouse, which melts the glaciers and floods Vanatu and Martha's Vineyard. Disaster.

So Not Satanic

Polar bears die, sad, and multi-million dollar mansions get washed away in the flood of rising sea water, tragic. Awful, and it's all down to Carbon Dioxide being spewed out by us, humans. So to save the planet we must stamp out Carbon Dioxide. Yes, you may even have heard the slogan, NET ZERO. That means no more. Absolutely zero CO2. The venerable if shrinking Church of England's all in favor of this, obviously, but here's the thing.

Note Bear

Humans produce CO2, Carbon Dioxide, it's a function of breathing, and accounts for 0.1% of the UK's Gaia destroying carbon emissions says the Sceptered Isle's Daily Mail. This is a problem, to put it mildly. Here at the Compound we propose a solution, tax the air. Here's a song:

On topic, don't you think?

LSP

America: What Time is Love?

 

Good question, let's see if this song enlightens us:

No one I know or have ever known had anything to do with this video. That is all. 

Cheers,

LSP

Cher - Time To Leave

 

Smash hit super celebrity pop icon Cher, 77, has threatened to finally leave America if Donald Trump is reelected. That's right, no more Cher if El Senor gets back in the Oval Office and Melania's once more in charge of White House aesthetics.

According to Breitbart, the aging singer "almost got an ulcer" when Trump defeated Hillary in 2016 and if he returns Cher will "leave":

“I almost got an ulcer the last time [Trump was elected],” Cher told the Guardian in an interview published Wednesday, adding, “If he gets in, who knows? This time I will leave [the country].”

Megastar Cher famously supported Joe Biden in his hugely successful run for President in 2020 and even reworked a song for his campaign, the mass hit, "Happiness Is Just A Thing Called Joe."  However, even though Old Joe won the Presidency, Cher still wasn't happy.

When the Supreme Court overturned Roe v. Wade, massively popular Cher rode the doomsday clock, declaring that  SCOTUS would be “responsible for the deaths of hundreds of thousands of American women.” Yes, a veritable female slaughterhouse because biological women wouldn't be killed in the womb.

Unsurprisingly, the talented singer songwriter of classics like the Shoop Shoop Song and Heart of Stone was outraged by Texas' recent pro-life legislation, shouting on social media, “WOMEN WILL DIE” and “DEMOCRACY WILL WITHER & DIE, & DICTATORS WILL THRIVE.”

Is Cher a Moloch worshiping, Illuminati Devil Witch with a whopping socialist net worth of $380 million or a simple pop genius with a social conscience? Either which way, she's out if 45 becomes 47. 

Here at the Compound and by way of serious analysis, we wonder if this isn't reason enough to vote for El Senor. Not that voting actually seems to matter much, but still.

Time you left, Cher.

LSP

TREEPOCALYPSE

 

Well, kind of. Two big branches fell from two big pecan trees into the back yard of the Compound, doubtless the victims of climate change and or global warming. I looked at them, hanging and lying on the parched, cracked earth of this part of North Central Texas.

If only we'd paid more tax and made our Illuminati NWO Vizier Satraps even wealthier than they are already. Why then, none of this ecological catastrophe would've happened. As it is, we'll have to get in there with carbon guzzling chainsaws and sort that pecan wood out, maybe tomorrow.

Speaking of Satraps, did you know that in late antiquity the Byzantine authority set up on the Palatine Hill in Rome, in the very palaces of the Emperors. Imagine them, looking out from decayed imperial grandeur on the vast ruin field of what had been a city of a million inhabitants.

Reflecting on this, along with Gregory the Great, Pantheon bronze and the Phocian Column, to say nothing of Justinian and Belisarius, I walked the dog to the Pick 'n Steal through a golden Texan sunset. Beautiful, and I thanked God for it, Providence is quite a thing.

That in mind, hope everyone had a great Labor Day and sang the Internationale unceasingly.

Net Zero Forever,

LSP

Bankster Wipeout?

The dominoes keep falling, SBX, Silvergate, SVB, Signature NY and on, with many bank stocks halting trading Monday morning after spectacular Stuka-like nosedives. The issue? 

Banks being heavily invested in US Government bonds, a safe have when interest rates are low, toxic underperformers  on the reverse side of an apparently risky coin. And lo and behold, interest rates have risen from near zero to approaching 5%, net result? 

Underwater balance sheets. You see, when interest rates rise bond prices go down leaving their owners subpar and scrambling for liquidity, cash. And that's hard to get when you're fire-selling assets and depositors are withdrawing funds for greener pastures.

Long story short, select banks were/are out of cash and got shut down. Woe to Oprah, Harry & Meghan and all the rest but that's not all. Has the entire financial sector become infected, is US Government debt effectively a toxic security?

Zerohedge thinks so, it's long but worth the read. Here's an excerpt:

Fifteen years later… after countless investigations, hearings, “stress test” rules, and new banking regulations to prevent another financial meltdown, we have just witnessed two large banks collapse in the United States of America – Signature Bank, and Silicon Valley Bank (SVB).

Now, banks do fail from time to time. But these circumstances are eerily similar to 2008… though the reality is much worse. I’ll explain:

1) US government bonds are the new “toxic security”

Silicon Valley Bank was no Lehman Brothers. Whereas Lehman bet almost ALL of its balance sheet on those risky mortgage bonds, SVB actually had a surprisingly conservative balance sheet.

According to the bank’s annual financial statements from December 31 of last year, SVB had $173 billion in customer deposits, yet “only” $74 billion in loans.

I know this sounds ridiculous, but banks typically loan out MOST of their depositors’ money. Wells Fargo, for example, recently reported $1.38 trillion in deposits. $955 billion of that is loaned out.

That means Wells Fargo has made loans with nearly 70% of its customer’s money, while SVB had a more conservative “loan-to-deposit ratio” of roughly 42%.

Point is, SVB did not fail because they were making a bunch of high-risk NINJA loans. Far from it.

SVB failed because they parked the majority of their depositors’ money ($119.9 billion) in US GOVERNMENT BONDS.

This is the really extraordinary part of this drama.

US government bonds are supposed to be the safest, most ‘risk free’ asset in the world. But that’s totally untrue, because even government bonds can lose value. And that’s exactly what happened.

Most of SVB’s portfolio was in long-term government bonds, like 10-year Treasury notes. And these have been extremely volatile.

In March 2020, for example, interest rates were so low that the Treasury Department sold some 10-year Treasury notes at yields as low as 0.08%.

But interest rates have increased so much since then; last week the 10-year Treasury yield was more than 4%. And this is an enormous difference.

If you’re not terribly familiar with the bond market, one of the most important things to understand is that bonds lose value as interest rates rise. And this is what happened to Silicon Valley Bank.

SVB loaded up on long-term government bonds when interest rates were much lower; the average weighted yield in their bond portfolio, in fact, was just 1.78%.

But interest rates have been rising rapidly. The same bonds that SVB bought 2-3 years ago at 1.78% now yield between 3.5% and 5%… meaning that SVB was sitting on steep losses.

They didn’t hide this fact.

Their 2022 annual report, published on January 19th of this year, showed about $15 billion in ‘unrealized losses’ on their government bonds. (I’ll come back to this.)

By comparison, SVB only had about $16 billion in total capital… so $15 billion in unrealized losses was enough to essentially wipe them out.

Again– these losses didn’t come from some mountain of crazy NINJA loans. SVB failed because they lost billions from US government bonds… which are the new toxic securities.

2) If SVB is insolvent, so is everyone else… including the Fed.

This is where the real fun starts. Because if SVB failed due to losses in its portfolio of government bonds, then pretty much every other institution is at risk too.

Our old favorite Wells Fargo, for example, recently reported $50 billion in unrealized losses on its bond portfolio. That’s a HUGE chunk of the bank’s capital, and it doesn’t include potential derivative losses either.

Anyone who has purchased long-term government bonds– banks, brokerages, large corporations, state and local governments, foreign institutions– are all sitting on enormous losses right now.

The FDIC (the Federal Deposit Insurance Corporation, i.e. the primary banking regulator in the United States) estimates unrealized losses among US banks at roughly $650 billion.

$650 billion in unrealized losses is similar in size to the total subprime losses in the United States back in 2008; and if interest rates keep rising, the losses will continue to increase.

What’s really ironic (and a bit comical) about this is that the FDIC is supposed to guarantee bank deposits.

In fact they manage a special fund called Deposit Insurance Fund, or DIF, to insure customer deposits at banks across the US– including the deposits at the now defunct Silicon Valley Bank.

But the DIF’s balance right now is only around $128 billion… versus $650 billion (and growing) unrealized losses in the banking system.

Here’s what really crazy, though: where does the DIF invest that $128 billion? In US government bonds! So even the FDIC is suffering unrealized losses in its insurance fund, which is supposed to bail out banks that fail from their unrealized losses.

You can’t make this stuff up, it’s ridiculous!

Now there’s one bank in particular I want to highlight that is incredibly exposed to major losses in its bond portfolio.

In fact last year this bank reported ‘unrealized losses’ of more than $330 billion against just $42 billion in capital… making this bank completely and totally insolvent.

I’m talking, of course, about the Federal Reserve… THE most important central bank in the world. It’s hopelessly insolvent, and FAR more broke than Silicon Valley Bank.

What could possibly go wrong?

 

In a word, everything. Note well, I’m talking, of course, about the Federal Reserve… THE most important central bank in the world. It’s hopelessly insolvent, and FAR more broke than Silicon Valley Bank.

Got that? Smart people are liquid (does this mean loading up your safe with gold, diamonds, silver topped canes, flawless emeralds, DOGE$, worthless fiat and ammo? -- Ed.) and thinking themselves fortunate on being upside Krugerrands. That said, maybe everything will work out just fine as Biden and the Genius Patrol reassured us this morning.

See you on the other side,

LSP

Bank Run!

 

Is this the end of the world as we know it? Maybe, if you're an uninsured depositor with SVB (Silicon Valley Bank) which collapsed following a liquidity wipeout brought on by an underwater balance sheet and panic-stricken clients pulling their money out of the fiscal black hole. 

Long story short, SVB was out of cash and the FDIC called game over today and shut the bank down. Via Zerohedge:

Last week we detailed BofA's Michael Hartnett's warning that "The Fed will tighten until something breaks". Well, something just broke... SVB's collapse - the second biggest US bank failure in history - dominated any reaction to this morning's mixed bag from the BLS (hotter than expected earnings growth, rising unemployment (especially for Latinos), better than expected payrolls gains).

 

 

Things started off badly as SVB crashed 65% in the pre-market before being halted. SVB bonds were puking hard and when the FDIC headline hit, the bonds collapsed further... (and) A number of small/medium sized banks were clubbed like a baby seal...

 

 

So far that'd be PacWest Bancorp, Western Alliance Bancorp, First Republic Bank/CA, and Signature Bank/NY. Will the contagion spread? That'd depend on people waking up to find their banks, too, are heavily invested in, ahem, safe havens like T-Bills, which are great until interest rates rise and then they're not.

So let's see how this bizarrely sudden Lehman style fiscal implosion plays out. In the meanwhile, smart investors are going full on into ammunition companies, precious metal and DOGE$. OK, that last one's a long game and a good one.

Beware the Ides of March,

LSP

Assumption

 

Today's the great Feast of the Assumption and the Compound's celebrating with garlic, spring onion, and ginger stir fried pork, sweet and sour to boot. It's not hard, just shake it up in an iron skillet or wok and off you go. But some people don't like this.

"The Assumption, that aptly named feast," said one famous Anglican cleric. And for sure, it's not in Scripture but is it "repugnant to the Word of God"? Of course not. If Elijah can get assumed into heaven why shouldn't the same be true of the incomparably more holy ever virgin Mother of God? No, they snarl, that's idolatry. But is it. 

At this point in time excessive reverence of the saints is the least of our worries. Where, really, do our idols lay? Not in plaster, polychrome images of holy men and women, but in wealth and power, in Mammon. In worldly, carnal, atheistic disbelief.

To put it another way, if you conducted a thorough interrogation of an average congregation, asking the hapless Christian captive what thing or series of things was most important in their lives, their god, what would you get?

I'll wager the fighting monkey that it wouldn't be Mary or her divine Son. And therein lies the decline of the Western Church, call it apostasy if you like. In the meanwhile, the unpleasantly lib/smug Atlantic magazine's run an article saying the Rosary's an extremist war symbol. Well yes, especially if you're a Turk at Lepanto.

House of Gold,

LSP

Druids & Associated Idiocy

 

Julius Caesar wrote this about the Druids and their heathen religion: "[They] believe that the gods delight in the slaughter of prisoners and criminals, and when the supply of captives runs short, they sacrifice even the innocent." 

Note. Even the Romans, notoriously tolerant in their polytheism, scorned these pagans and slew them, erasing the forest dwelling killers. Well it appears they're back, check it out:

And just as we're recovering from Druid/Shaman rock, some enterprising soul bombed the Georgia Guidestones, which are a kind of Stonehengey monument to the New World Order, population control, and Soylent Green, all of that. 

Whether Klaus Schwab and his bought and paid for satraps get the message remains to be seen, unlike Nancy Pelosi on a beach in Italy, which is all too uncomfortably visible.

Try not to throw up.

Out Demons Out,

LSP

Fix It

 

Keen-eyed readers of this eclectic if shallow mindblog will know the Compound has a problem. Yes, the architectural genius squad which designed the roof over the house's extension in the 1980s didn't get it right. The thing's too flat, there's not enough pitch, which means water collects on the shingles, rotting out the deck, and before you know it the house collapses. Disaster.

The Peasants Are Revolting

To prevent this catastrophe, Command reached out to Cesar and there he was, striding up to the porch in the searing late afternoon heat of the day. I looked up from Zerohedge and reports of Dutch police shooting at farmers, "Hey, good to see you!" He grinned, "Man, it's hot," then clambered up on the offending roof to inspect the damage.

Go On, Shoot Your Farmers

This can be fixed with shingles or with metal, the latter being more expensive but a more permanent solution. I'm inclined towards that, but let's see what the estimates are. In the meanwhile, Cesar's a good guy and's been in the business of roofs for 20 years. Respect, can't be fun in the sun.

Runner

In other news, aside from Dutch farmers staging a revolt against their WEF puppet government - note: don't shoot the people who feed you, idiots - BoJo the Clown's in serious trouble. Top Tory Cabinet ministers are resigning in protest over his scandalous, inept, corrupt, groomer compliant turpitude.

More on this developing Curry Coup story as news comes in, but we have to ask, will Putin claim a scalp or is this simply the Curse of Assad? Or 45? Remember, pundits, how unfit, boozy, buffoon, deep state, Illuminati, NWO traitor shill, rainbow clown mountebank BoJo stabbed him in the back.

Your Old Pal,

LSP

A Bit Of This A Bit Of That

"So how's the Army treating you today, son?" I asked insouciantly, "It's been a good day dad, an easy day, except for the 5 mile run." I thought about that, "Whaddya mean, that's not too far." Ahem, let's see you do it, so-called LSP. Well, that was back in the day, so. "Right, not that far but half the platoon dropped out. I didn't."

I thought about it for an instant, "They're all getting back from leave, right?" and got a warning answer in the affirmative, "I know, we're Signals but still, if it ever gets real there'll be a great culling." A great culling. Let's pray that doesn't happen, and I mean it. Speaking of which, perhaps you remember our latest recruitment drive. Here's a snapshot:

In other news, our troops don't have to wear kabuki theater masks anymore and rejoice in their newfound freedom, or so I'm told. Perhaps war in Europe is focusing the minds of our rainbow elite General Staff.  

You can imagine. A Russian battle group, full of lessons from Ukraine, rolls over the rainbow border into Poland. Who will stop them? The Poles? Maybe, for a little while. The Germans? Hahahahahaha. The Dutch and the French? Snerk. No. What about England? Good call, but the Sceptered Isle doesn't even have an army, much less a navy. And on.

I say again, our elite rainbow oligarchy have been gambling on never, ever, having to fight a war again. Look how that's coming home to roost. Better cut your carbon footprint to net zero and open a trans bathroom. Pathetic.

Typical Chechens

Your Pal,

LSP