This is the 205th anniversary of the Tambora eruption

As we repeatedly hear that present challenges are ‘unprecedented’ it’s important to understand that they are not.  Human life has always been full of great risk, every day in every way.  Hoping for the best, while always thinking, planning and protecting–as much as possible–for what can go wrong, is the rational course.  In good times, the extent to which we set aside and preserve resources for future needs and emergencies is often the difference between catastrophe and resilience during the inevitable challenges that come.  The pandemic of 2020 underlines these lessons, as do centuries of life on earth.

The most extraordinary geological event that few have ever heard about took place 205 years ago this spring, dramatically changing the earth’s climate and the course of human history forever.  Read the incredible story of how the largest volcanic eruption in human history changed the 19th century as much as Napolean:

With the help of modern scientific instruments and old-fashioned archival detective work, the Tambora 1815 eruption can be conclusively placed among the greatest environmental disasters ever to befall mankind. The floods, droughts, starvation, and disease in the three years following the eruption stem from the volcano’s effects on weather systems, so Tambora stands today as a harrowing case study of what the human costs and global reach might be from runaway climate change.

…Now, in the 21st century, as we begin to appreciate more profoundly the interdependence of human and natural systems, the lesson of a 200-year-old climate emergency may finally be learned: a changing climate changes everything.

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Hedgeye TV: Fight the Fed with Jesse Felder

For those who are open to hearing truth, there is a lot of important insight in this discussion.

Hedgeye CEO Keith McCullough and Jesse Felder, former hedge fund manager and founder of The Felder Report, in a pro-to-pro investing discussion about the current market environment.  Here is a direct video link.

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Scheer Intelligence: Big banks get sweetest deal from COVID-19 bailouts

It’s been over a decade since the 2008 banking meltdown, and yet many Americans are still living with the consequences of the financial crisis and the Obama administration’s decision to bailout banks over people with their own tax money. As Covid-19 spread around the world, and the economic impacts of the public health crisis began to take shape, the U.S. government once again faced a similar choice regarding bailouts. This time, Congress passed the CARES Act, which, on paper, aimed to help working people and small business owners most affected by both the virus and the lockdown measures used to combat the crisis, seemingly marking a shift from the 2008 crisis handling. Yet, as banking expert Nomi Prins points out to “Scheer Intelligence” host Robert Scheer in the latest installment of his podcast, banks and large companies are once more taking advantage of a crisis to swindle the public.

Here is a direct audio link.

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