Jeremiah Babe PM 9/23/21:
“Illusions Cannot Rescue The Economy;
Fake Money Cannot Repay Debt; Costco Customers Stockpiling”
So, we rise from the rubble...
Thursday, September 23, 2021
"The Most Dangerous Man"
"The Most Dangerous Man"
by Brian Maher
“The most dangerous man to any government,” argued Henry Louis Mencken, “is the man who is able to think things out... without regard to the prevailing superstitions and taboos.” “Almost inevitably,” continued Baltimore’s sage, ”he comes to the conclusion that the government he lives under is dishonest, insane, intolerable… Every decent man is ashamed of the government he lives under.”
Your editor does not claim to be decent - much less good. By his own admission he is a sinful and viceful blackleg, an abomination to God and man alike. Yet even by this hellcat’s lamentable morality, he finds the government he lives under dishonest. He finds it insane. He finds it intolerable. He would add an additional lamentation: He finds the government he lives under vastly incompetent. “Never underestimate the incompetence of government,” as author James Cook argues.
This incompetence may explain - in part - its dishonesty, its insanity, its intolerability. In brief, your editor is ashamed of the government he lives under. And if you will indulge him briefly, for ample reason... Its catalogue of villainy must run to several hundred finely printed pages - at barest minimum. We lack the space to document one slender fraction of them. Let us consider, then, one lone example - government’s dishonest, insane and intolerable (mis)management of the virus.
One Story, Then Another: After initially advising us not to wear facial masks because they are ineffective, it later instructed us to reject this original counsel. Yet one study after the next demonstrates to a very high degree that these coverings are severely deficient. If they are effective at all, it is only at the extreme margins. Yet to this day governments order their wearing - including out of doors in cases.
Outdoor edicts are doubly damned by this capital fact: Outdoor transmission is nearly non-existent. All evidence - we are told - indicates transmission is an indoor hazard. Yet the state of Oregon requires facial coverings in most outdoor spaces where asocial distancing is not possible… including the vaccinated. Our men inform us the same state of Oregon has endured a 73% increase in cases since the edict entered effect - incidentally. Can we now expect Oregon to ban outdoor socializing altogether? If not dishonest, the business is very likely insane… and certainly intolerable to sensible men.
Science? One moment ago we referred, jestingly, to social distancing. Authorities instructed us all to stand six feet distant from one another. “The science” required it, we were told. Yet here is a certain Scott Gottlieb. Mr. Gottlieb is the former commissioner of the United States Food and Drug Administration. From whom: The six feet was arbitrary in and of itself, nobody knows where it came from... This is how the whole thing feels arbitrary and not science based. So we talk about a very careful, science-based process and these anecdotes get exposed, and that’s where Americans start to lose confidence in how the decisions got made. And for excellent cause - this fellow concedes the six-foot rule was “arbitrary” - and that “nobody knows where it came from.”
Why should Americans listen to their witchcraft, their voodoo? If not intolerable… if not insane... certainly dishonest.
One Virus, Two Standards: Governments shuttered America’s restaurants, alehouses, barbershops, nail salons, gymnasiums, arenas, beaches, all places of public resort. Governments ordered churches to scatter their flocks - and to bolt their doors. And if the Grim Reaper tapped a loved one’s shoulder? Then you may have been unable to attend his planting. That is because governments restricted graveside sendoffs to a handful of bereaved.
These were the grim but necessary costs of containing a pandemic, we were told. Yet the same governments that barred you from the funeral, that locked you out of Sunday service, that confined you to quarters, blessed the mightiest mass gatherings we have ever encountered. We refer of course to the nationwide demonstrations against the police handling of Mr. George Floyd.
That is, certain Americans were permitted to swarm in their thousands, in their tens of thousands, in their hundreds of thousands… to protest… yet others could not gather in their dozens to worship almighty God or to lower a flower on a casket.
Reduce it to its essence. This is what you must conclude: The rules were arbitrary. The rules were capricious. The rules warred against logic itself. That is, the rules were dishonest, insane and intolerable. The rules also proved ineffective. Multiple studies conclude that so-called lockdowns failed to cordon the virus. Municipalities with varying restrictions suffered similar infection rates.
Vaccines Mean a Return to Normalcy! Next we were informed that vaccines were our deliverance. They would allow us to empty our masks into the hellbox. They would permit us to gather in public as we pleased, and in whatever numbers we pleased. Though these vaccines were experimental… and did not endure the rigorous testing required of trial vaccines… the public health authorities assured us they were “safe and effective.”
They may be safe and effective in their way. We do not deny that many have benefited from their application. We do not deny that they have spared lives. Yet many of the fully vaccinated have contracted the virus. A portion of these cases are severe, we understand. Some are fatal.
Our men inform us: In Great Britain, 75% of the deceased are vaccinated. In Israel, perhaps the most vaccinated nation of Earth, the vaccinated are likewise being savaged. The medical director at Jerusalem’s Herzog Hospital claims 95% of severe cases therein are vaccinated - fully vaccinated.
The intricate hocus-pocus of vaccinology and immunization is beyond our limited knowledge. And statistics are lovely liars. Yet the vaccines do not appear as effective as the advertising has them.
Protecting the Vaccinated From the Unvaccinated: The United States president has in fact pledged to guard the vaccinated… against the unvaccinated. His announcement gave us a good wobble, a good stagger. What kinds of vaccines are these? The armored require protection against the unarmored? Evidently vaccines whose magic fades within six months… which appears to be the case with these potions.
Are the vaccines safe? We have presented evidence that severe side effects run to the hundreds of thousands, and that fatalities run to the tens of thousands. Three hundred seventy-five North Carolina hospital employees have walked away from their jobs rather than submit to mandatory vaccination. We hear of additional mass quittings nationwide. We hazard their experiences handling patients with vaccine aftereffects have chased them off. Yet the authorities are adamant to keep it all dark.
So Many Questions: How many have died needlessly... because the public health authorities have refused to sanction the early use of such therapeutics as hydroxychloroquine and ivermectin? Why are physicians who question the safety or efficacy of these vaccines threatened with delicensure? And why, we wonder, do the public health authorities demand vaccination for those who have previously contracted the virus… and emerged intact? Evidence indicates natural immunity is perhaps 27 times as formidable as vaccine-induced immunity. What is more, we understand vaccines may prove lethal to the naturally immune.
Again, why should they endure vaccination? Questions, questions… and more questions. We await answers, square answers.
The Dangerous Man: Dishonest. Insane. Intolerable. “The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos.” We prefer to believe this publication draws in the man who is able to think things out, without regard to the prevailing superstitions and taboos. That is, we prefer to believe this publication attracts the dangerous man - and yes - the dangerous woman. It is they who see through government whim-wham. It is they who penetrate deceptions, frauds and falsehoods. It is they who sniff rats, who point out skunks in woodpiles. The dangerous man, the dangerous woman, we are pleased to have with us... Even if... on rare occasion... we may be dangerously mistaken…"
Gerald Celente, PM 9/23/21: "Trends in The News Live"
Full screen recommended.
Gerald Celente, PM 9/23/21:
VERY Strong Language Alert!
"Trends in The News Live"
"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over fear and propaganda to help subscribers prepare for What’s Next in these increasingly turbulent times."
"A Look to the Heavens"
“In one of the brightest parts of Milky Way lies a nebula where some of the oddest things occur. NGC 3372, known as the Great Nebula in Carina, is home to massive stars and changing nebulas. The Keyhole Nebula (NGC 3324), the bright structure just above the image center, houses several of these massive stars and has itself changed its appearance.
The entire Carina Nebula spans over 300 light years and lies about 7,500 light-years away in the constellation of Carina. Eta Carinae, the most energetic star in the nebula, was one of the brightest stars in the sky in the 1830s, but then faded dramatically. Eta Carinae is the brightest star near the image center, just left of the Keyhole Nebula. While Eta Carinae itself may be on the verge of a supernova explosion, X-ray images indicate that much of the Great Carina Nebula has been a veritable supernova factory.”
Chet Raymo, "On Saying 'I Don't Know'"
"On Saying 'I Don't Know'"
by Chet Raymo
“Johannes Kepler is best known for figuring out the laws of planetary motion. In 1610, he published a little book called “The Six-Cornered Snowflake” that asked an even more fundamental question: How do visible forms arise? He wrote: "There must be some definite reason why, whenever snow begins to fall, its initial formation is invariably in the shape of a six-pointed starlet. For if it happens by chance, why do they not fall just as well with five corners or with seven?"
All around him Kepler saw beautiful shapes in nature: six-pointed snowflakes, the elliptical orbits of the planets, the hexagonal honeycombs of bees, the twelve-sided shape of pomegranate seeds. Why? he asks. Why does the stuff of the universe arrange itself into five-petaled flowers, spiral galaxies, double-helix DNA, rhomboid crystals, the rainbow's arc? Why the five-fingered, five-toed, bilaterally symmetric beauty of the newborn child? Why?
Kepler struggles with the problem, and along the way he stumbles onto sphere-packing. Why do pomegranate seeds have twelve flat sides? Because in the growing pomegranate fruit the seeds are squeezed into the smallest possible space. Start with spherical seeds, pack them as efficiently as possible with each sphere touching twelve neighbors. Then squeeze. Voila! And so he goes, convincing us, for example, that the bee's honeycomb has six sides because that's the way to make honey cells with the least amount of wax. His book is a tour-de-force of playful mathematics.
In the end, Kepler admits defeat in understanding the snowflake's six points, but he thinks he knows what's behind all of the beautiful forms of nature: A universal spirit pervading and shaping everything that exists. He calls it nature's "formative capacity." We would be inclined to say that Kepler was just giving a fancy name to something he couldn't explain. To the modern mind, "formative capacity" sounds like empty words.
We can do somewhat better. For example, we explain the shape of snowflakes by the shape of water molecules, and we explain the shape of water molecules with the mathematical laws of quantum physics. Since Kepler's time, we have made impressive progress towards understanding the visible forms of snowflakes, crystals, rainbows, and newborn babes by probing ever deeper into the heart of matter. But we are probably no closer than Kepler to answering the ultimate questions: What is the reason for the curious connection between nature and mathematics? Why are the mathematical laws of nature one thing rather than another? Why does the universe exist at all? Like Kepler, we can give it a name, but the most forthright answer is simply: I don't know.”
The Poet: Langston Hughes, "Life is Fine "
"Life is Fine "
"I went down to the river,
I set down on the bank.
I tried to think but couldn't,
So I jumped in and sank.
I came up once and hollered!
I came up twice and cried!
If that water hadn't a-been so cold
I might've sunk and died.
But it was Cold in that water! It was cold!
I took the elevator
Sixteen floors above the ground.
I thought about my baby,
And thought I would jump down.
I stood there and I hollered!
I stood there and I cried!
If it hadn't a-been so high
I might've jumped and died.
But it was High up there! It was high!
So since I'm still here livin',
I guess I will live on.
I could've died for love -
But for livin' I was born.
Though you may hear me holler,
And you may see me cry -
I'll be dogged, sweet baby,
If you gonna see me die.
Life is fine! Fine as wine! Life is fine!"
- Langston Hughes
Gregory Mannarino, PM 9/23/21: "Economy Contracting Rapidly, Inflation Not Transitory, Stock Market Rips Higher"
Gregory Mannarino, PM 9/23/21:
"Economy Contracting Rapidly, Inflation Not Transitory,
Stock Market Rips Higher"
"The End of the World As We Have Known It"
"The End of the World As We Have Known It"
By Bill Bonner
"He who takes what isn’t his’n
Pays it back or goes to prison..."
– 19th century American businessman Daniel Drew
BALTIMORE, MARYLAND – "What we were looking for in the Evergrande story was a hint… a clue… an advance warning of things to come. What happens when you can’t pay your debts? How does it end? With a bang of inflation? Or a whimper of deflation? Our prediction: Both.
Every bubble blows up. Every excess has to be resolved. And every debt gets settled – one way or another. Typically, a bubble brings on a case of “irrational exuberance.” The irrationally exuberant investor pays too much for his assets. The irrationally exuberant businessman stretches too far… borrows too much… and over-extends himself. The irrationally exuberant empire invades Afghanistan. But no one and nothing is ever evergrande, of course. It is only occasionally grand. And when the occasion passes… so does the grandeur.
Too Much Excess: “And then what?” is our question today. We have the answer, too: the end of the world as we have known it.
An excess of private investment usually produces an excess of capacity… and excess output. Too much, in other words. Then, when the Bubble Epoch passes… the excess is usually reckoned with in a DEFLATION. Prices fall… until demand picks up enough to clear the market. The investors and producers, who misjudged the situation, and their suppliers and employees, suffer the losses. That’s what happened in America after the crash of 1929.
Private industry had expanded in the Roaring Twenties… By the 1930s, it produced far more autos and electrical appliances than the market could absorb. Prices – for stocks, as well as consumer items – collapsed. The price of milk, for example, fell so low that dairy farmers dumped it on the ground rather than sell it. Stock prices dropped for nearly three years, from 377 Dow points in October, 1929, to only 44 in July of 1932. Then, it took 25 more years, a Great Depression, and World War II for prices to recover.
Asian Bust: A similar thing happened more recently, when the Japan Inc. miracle economy blew up in 1989. The Japanese, too, had invested heavily to meet the demands of world consumers. Japan was the world’s big success story of the 1970s and 1980s. And by the end of the 1980s, it was on top of the world… with nowhere to go but down. Which is where it went…
Stocks fell 80%. 32 years later, they have still not recovered. Most likely, the coming bust in China will take the same path. It is an economy that grew by investing huge amounts in capital improvements – factories, infrastructure, malls, and housing. Now, it must mark its excess capacity to market… which will mean much lower prices for just about everything. Deflation, in other words. But not the end of the world.
What Goes Up… But the U.S. is different. It is not an economy on the way up – like America in 1929, Japan in 1989, or China today. It is an economy on the way down. And for the last 20 years, it has lived in a bubble world… like an aging action hero, who can no longer do his own stunts. Instead of investing money in new businesses, new technology, and new infrastructure, it squandered trillions of dollars on vanity projects, stock buybacks, executive compensation, and ghastly government boondoggles, including a 20-year, dead-end war in Afghanistan.
Yes, the business cycle naturally expands and contracts. It breathes in and breathes out. Sometimes inflating. Sometimes deflating. Naturally and normally, after a period of price inflation comes a period of price deflation. That is to say, the bubble seeks its pin… and always finds it. But what is especially inflated in the U.S.?
Asset prices. Those are the things the Federal Reserve has been inflating. And those are the things – stocks and bonds – you can expect to deflate in the coming crisis. (Housing is a special situation. Houses are not over-abundant, but artificially low interest rates have made them very expensive.)
…Must Come Down: But taking asset prices down a peg is not the end of the world either. What is the end of the world is when the feds block the markets from correcting… when they insist that assets can’t go down… and when they rig the whole economy to protect their own wealth and privileges. So, let’s walk through what is likely to happen.
First comes the obvious and inevitable market crash. For the fourth time this century, the stock market – extremely overpriced – tries to correct. Left alone, this would clear up the many grotesqueries now blemishing the markets and the economy. Stocks would get cut in half, at least. Many companies would go out of business. The rich wouldn’t be so rich. And then, the survivors would pick up the pieces and build a healthier economy on the ruins.
Fed’s Disastrous Rescue: But that is not going to happen. Because the feds will come to the rescue. They will give the economy another dose of that magic elixir – fake money. And that money will not only be used to prop up the stock market, but also to finance sweeping new squander projects of the government. And this time, the cat will be out of the bag; everyone will see consumer price inflation getting worse. And it will be obvious that the Fed cannot stop it. The bond market – the foundation of the whole capital structure – will heave and crack. And the end of the world as we have known it will come front and center. Stay tuned."
"We Just Witnessed The Largest One Year Increase In Murder In The History Of The United States"
"We Just Witnessed The Largest One Year Increase
In Murder In The History Of The United States"
by Michael Snyder
"Our violent, blood-soaked culture has produced a violent, blood-soaked reality in our streets. The final numbers for 2020 have finally been released by the FBI, and they are stunning. Prior to last year, the largest one year increase in the murder rate in the United States was 12.7 percent, and that came all the way back in 1968. Needless to say, many of you that are reading this article were not even alive in 1968. Well, we didn’t just break the old record last year. We more than doubled it. According to the FBI’s annual report on crime, the nationwide murder rate was up about 29 percent in 2020…
"The United States in 2020 experienced the biggest rise in murder since the start of national record-keeping in 1960, according to data gathered by the FBI for its annual report on crime. The Uniform Crime Report will stand as the official word on an unusually grim year, detailing a rise in murder of around 29%. The previous largest one-year change was a 12.7% increase in 1968."
Let that sink in for a minute. Never before in U.S. history has the murder rate shot up so rapidly. And guess what? The murder rate is even higher this year than it was last year. According to the New York Times, so far in 2021 the murder rate in our largest cities is almost 10 percent higher than it was during the same period in 2020… "The evidence from big cities suggests murder is still up in 2021 relative to 2020, although the increase is not nearly as big. My collection of data from 87 cities with publicly available year-to-date data shows murder up by 9.9 percent relative to comparable points in 2020."
That means that the violence in our inner cities has gotten even worse. So why is this happening? In an editorial for USA Today, a former deputy police commissioner linked the rise in violent crime to a lack of policing… "After the George Floyd protests started in New York City, the New York Police Department logged 45,000 fewer arrests from June to December - a 38% decline while the Big Apple added more than 100 additional homicides (a 58% increase).
From June through the end of this February, Chicago’s police made 31,000 fewer arrests - a 53% decline as murders rose 65%. In Louisville, where massive unrest included the shooting of two police officers during a protest, homicides jumped 87% as the police made 35% fewer vehicle stops since June while arrests plummeted 42% during summer months compared with 2019."
From Los Angeles and Houston to New Orleans and Minneapolis, the political response to the unrest lead to de-policing and the resulting record violence. This trend toward less aggressive policing was a direct result of the George Floyd tragedy and the ensuing protests. Nobody wants to become the next police officer that makes national news, and so police all over the nation have become much more cautious. As a result, violent criminals now have much more freedom to operate, and they are taking advantage of it.
Every day we see more examples of the rising tide of violence. For example, just hours ago a homeless man “with a rope tied around his neck” was found dead in Central Park… "A homeless man was found dead with a rope tied around his neck in Central Park Wednesday morning - and cops are now eyeing homicide, according to police and sources. A woman who was gardening made the disturbing discovery around 8:15 a.m. in the meadow at East 65th Street and East Drive, cops said. The 26-year-old man, who is known to police for frequenting the park, was found lying unconscious with a rope tied around his neck."
In America today, so many people that are pushed into homelessness end up dead. We desperately need to do something about our growing homelessness crisis, because more people are ending up on the streets with each passing month. I greatly applaud all of the private citizens that are taking the initiative to do what they can to help the homeless, but the streets are not safe for them either. In fact, a man named Robert Herron was just killed in Oakland while he was right in the middle of feeding the homeless… “I heard boom, boom, boom. Three to four shots. I turned to look and he’s in the gutter,” said Chavez.
One man who identified himself as ‘Slim’ Hoover said he was among those receiving a meal from the couple. He said Herron suffered several gunshot wounds: “I was basically trying to keep him stable and alive until the paramedics and the police got there.”
You have got to be pretty evil to kill someone while they are giving food to the homeless. But you won’t find our society’s worst killers out in the streets. Instead, you will find them walking the halls of power. When we think of “murderers”, we tend to envision young men with guns running around our decaying urban centers in the middle of the night. But the biggest murderers sit behind big desks in cushy offices.
We like to think that the United States is a light to the rest of the world, but over the years the decisions that our leaders have made have resulted in death, destruction, pain and suffering on a scale that is difficult to put into words. So I don’t want anyone preaching to me about how “good” the United States is. Because the truth is that we are not “good” at all. And if the whole truth about our misdeeds ever gets revealed for the whole planet to see, the rest of the world is going to turn on us with great fury.
So yes, the crime in our streets is really bad, but what our most powerful men and women do behind closed doors is far worse, and eventually our entire nation will be held accountable for what they have done. If you don’t think that those running things are truly that bad, then you definitely have not been paying attention. Sadly, much of the population actually enthusiastically supports what our top national leaders have been doing, and that makes them culpable too."
Gregory Mannarino, "The Big Secret You Are Not Supposed To Know: The US Economy Is Collapsing Faster"
Gregory Mannarino, AM 9/23/21:
"The Big Secret You Are Not Supposed To Know:
The US Economy Is Collapsing Faster"
"How It Really Is"
Aware and fully informed of current crises by their never-lying
Government and media, alarmed Americans react accordingly...
"We're so freakin' doomed!"
- The Mogambo Guru
"Economic Market Snapshot AM 9/23/21"
"Economic Market Snapshot AM 9/23/21"
"Capitalism is the astounding belief that the most wickedest of men will
do the most wickedest of things for the greatest good of everyone."
- John Maynard Keynes
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"The more I see of the monied classes,
the better I understand the guillotine."
- George Bernard Shaw
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MarketWatch Market Summary, Live Updates
CNN Market Data:
CNN Fear And Greed Index:
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A comprehensive, essential daily read.
September 22nd to 24th, Updated Daily
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Financial Stress Index
"The OFR Financial Stress Index (OFR FSI) is a daily market-based snapshot of stress in global financial markets. It is constructed from 33 financial market variables, such as yield spreads, valuation measures, and interest rates. The OFR FSI is positive when stress levels are above average, and negative when stress levels are below average. The OFR FSI incorporates five categories of indicators: credit, equity valuation, funding, safe assets and volatility. The FSI shows stress contributions by three regions: United States, other advanced economies, and emerging markets."
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Daily Job Cuts
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Commentary, highly recommended:
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And now, the End Game...
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Oh yeah...
"Before They Were An Inconvenience, But Now The Shortages Are Really Beginning To Sting"
"Before They Were An Inconvenience,
But Now The Shortages Are Really Beginning To Sting"
by Michael Snyder
"Have you noticed that store shelves are starting to get emptier and emptier? During the panic shopping that was sparked by the start of the COVID pandemic in 2020, there were very intense shortages of certain items, but those shortages did not last very long at all. But now there are widespread shortages in just about every sector of our economy, and they are starting to become quite painful. Unfortunately, we are being told to expect the shortages to intensify as we head into the holiday season. That is extremely alarming, because in many areas the shortages are already quite severe.
I had been away from the news for a couple of days, and when I came back there were lots more stories about our ongoing shortages. For example, the following comes from an excellent piece by Matt Stoller…"There are shortages in everything from ocean shipping containers to chlorine tablets to railroad capacity to black pipe (the piping that houses wires inside buildings) to spicy chicken breasts to specialized plastic bags necessary for making vaccines. Moreover, prices for all sorts of items, from housing to food, are changing in weird ways. Beef, for instance, is at near record highs for consumers, but cattle ranchers are getting paid much less than they used to for their cows."
In my entire life, I have never seen anything like this. Even the Federal Reserve is admitting that we have a major problem at this point. In fact, in the latest Beige Book the Fed referred to the shortages a whopping 80 times.
In certain parts of the country, these shortages are really beginning to sting. A reader just emailed me about what is going on in his section of Connecticut, and he said that I could share this with all of you…"I am just a regular guy in Connecticut, who has been watching things very closely, especially from a Biblical perspective. I wanted to quickly share with you an experience my wife and I had about two weeks ago at a medium-size, family run grocery store near Waterbury, CT.
Seemingly overnight, we noticed there were little yellow signs on the shelves, where certain SKUs used to be. Not entire lines, but individual SKUs. For example, a flavor of oatmeal, certain cereals, etc. The signs said something to the effect of: “This item is no longer available due to supply chain constraints”. I would say there were a few hundred signs in total throughout the store. It wasn’t until we got to the juice/water aisle that we noticed the larger problem: there was no Gatorade (?) and no bottled water (gallon jugs).
I have befriended the manager over the years, so I asked him where the water is, and he told me “…they only will give us so many bottles”. I asked who ‘they’ is, and he said the manufacturer: they were being rationed. As he said this, a truck driver happened to walk by and joined in on the conversation. He told us that he just got back from Maine, after a three-day trip- a trip that normally takes him a few hours. He said he, and all of the other truck drivers, sit at the warehouses for days, waiting for their trucks to be filled. To be clear, I asked him how long it normally takes, and he said a few hours at the most.
On our way out, I remembered that we needed dog food, so we went to the pet aisle, and there was no cat litter, and no dog food, save a few little bags of the cheapest stuff. All of the things Steve Quayle has been saying about food and water shortages suddenly became reality. I always believed him, but now I was seeing it, at the very local level. We then decided to go to PetSmart to get the dog food. Empty. The entire dog food shelf was empty except for a few bags!"
Are similar things happening in your part of the country? If so, please feel free to email me and let me know. We need to share intel with one another, because the mainstream media is not telling us the truth.
Of course the shortages would not be as severe if we could actually unload all of the container ships that are backlogged at our ports. Right now, dozens of container ships are sitting along the west coast waiting to be unloaded…"The number of container ships at anchor or drifting in San Pedro Bay off the ports of Los Angeles and Long Beach has blown through all previous records.
The latest peak: There were an all-time-high 73 container ships in the queue in San Pedro Bay on Sunday, according to the Marine Exchange of Southern California (the tally inched back to 69 on Tuesday). Of the ships offshore Sunday, 36 were forced to drift because anchorages were full."
Theoretically, the numbers - already surreally high - could go even higher than this. While designated anchorages are limited, the space for ships to safely drift offshore is not. This is the same problem that I talked about the other day.
At one time we had more able-bodied workers than we knew what to do with, but now there is an extreme shortage of workers all over the globe. Sadly, it has gotten to a point where we don’t even have enough people to drive our kids to school…"School districts around the country are struggling to fill thousands of bus driver positions as worker shortages lead to late arrivals and last-minute scrambles to bring retired workers back onto payrolls.
The shortages are so bad in some places that districts are taking extraordinary steps to get kids to school as students return to in-person classes this fall. Philadelphia’s school district will pay families $300 a month, or $3,000 for the year, to opt out of transportation services and get their kids to school on their own. Albemarle County Public Schools in Virginia is offering a $2,500 bonus to new drivers - $100 more than the school district in the county seat, Charlottesville, is offering."
This is the worst labor shortage that the U.S. has ever faced, and it just keeps getting worse. So where did all the people go? Without enough able-bodied workers, our economy is experiencing a whole host of difficulties right now. And when you consider everything else that has been going on, it shouldn’t be a surprise that Joe Biden’s approval rating just sunk to a new record low…"Eight months after President Joe Biden’s inauguration, his job approval rating has fallen six percentage points to 43%, the lowest of his presidency. For the first time, a majority, 53%, now disapproves of Biden’s performance.
These findings are from a Sept. 1-17 Gallup poll that was conducted after the U.S. military evacuated more than 120,000 people from Afghanistan. The United States’ exit from the nation’s longest war was marred by the Taliban’s quick takeover of most of the country and a suicide bombing at the airport in Kabul, which killed 13 U.S. service members. Over the same period, COVID-19 infection rates, nationally, were surging, leading to hospital overflows in some regions."
And there are some parts of the nation where his approval rating is absolutely disastrous. Just check out the latest numbers from Iowa…"Just 31% of Iowans approved of how Joe Biden is handling his duties as president while a whopping 62% disapprove. Biden’s disapproval number is below the lowest ever measured by ace pollster J. Ann Selzer for former presidents Donald Trump (35%) and Barack Obama (36%). “This is a bad poll for Joe Biden, and it’s playing out in everything that he touches right now,” Selzer told the Des Moines Register."
Less than a year ago, a lot of Americans were viewing Biden as some sort of a “savior” figure. That didn’t exactly work out, did it? Many of us have been warning that shortages and high levels of inflation were coming for a very long time, but of course most of the population is not interested in such warnings. They just want to be told that everything is going to be okay. But the truth is that everything is not going to be okay, and the pain that we have experienced so far is just the beginning."
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Related:
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Highly Recommended:
"In Retrospect..."
“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.”
– "The Fourth Turning", Strauss & Howe
"The FED Cannot Stop Inflation Or The Coming Depression; Crisis Ignored As The Stock Market Roars Back"
Jeremiah Babe, PM 9/22/21:
"The FED Cannot Stop Inflation Or The Coming Depression;
Crisis Ignored As The Stock Market Roars Back"
Wednesday, September 22, 2021
Musical Interlude: Medwyn Goodall, “Eyes of Heaven”
Full screen mode recommended.
Medwyn Goodall, “Eyes of Heaven”
"A Look to the Heavens"
“To some, the outline of the open cluster of stars M6 resembles a butterfly. M6, also known as NGC 6405, spans about 20 light-years and lies about 2,000 light years distant. M6 can best be seen in a dark sky with binoculars towards the constellation of Scorpius, coving about as much of the sky as the full moon.
Like other open clusters, M6 is composed predominantly of young blue stars, although the brightest star is nearly orange. M6 is estimated to be about 100 million years old. Determining the distance to clusters like M6 helps astronomers calibrate the distance scale of the universe.”
Edward Abbey, "Benedicto"
"Benedicto"
“May your trails be crooked, winding, lonesome, dangerous, leading to the most amazing view. May your mountains rise into and above the clouds. May your rivers flow without end, meandering through pastoral valleys tinkling with bells, past temples and castles and poets' towers into a dark primeval forest where tigers belch and monkeys howl, through miasmal and mysterious swamps and down into a desert of red rock, blue mesas, domes and pinnacles and grottos of endless stone, and down again into a deep vast ancient unknown chasm where bars of sunlight blaze on profiled cliffs, where deer walk across the white sand beaches, where storms come and go as lightning clangs upon the high crags, where something strange and more beautiful and more full of wonder than your deepest dreams waits for you - beyond that next turning of the canyon walls.”
- Edward Abbey
"Shipping Crisis Gets Crazy – 65 Container Ships Get Stuck At California Ports And Shortages Soar"
Full screen recommended.
"Shipping Crisis Gets Crazy – 65 Container
Ships Get Stuck At California Ports And Shortages Soar"
by Epic Economist
"Supply chains are still in total chaos all across the U.S., and now American consumers are being warned about coming shortages ahead of the busy holiday season. Several business owners, big retailers, and even the Vice-President of the United States have been alerting that store shelves may soon be empty as the global shipping crisis aggravates. They have been asking people to prepare for further supply chain disruptions and start placing their Christmas orders as soon as possible if they want to get them in time.
In short, we're about to witness another turbulent shopping season as the supply chain crisis rapidly spirals out of control. A wide range of factors, including a shortage of shipping containers, record-high consumer demand, port congestion, and soaring freight costs have all conspired against global supply chains and businesses that have been waiting for their orders to arrive for months. There's a record-breaking number of cargo ships currently stuck at California ports. About a month ago, 44 ships were stuck outside the ports of Los Angeles and Long Beach, and up until that point, that had been the highest number of ships waiting to unload on California docks. But things have escalated VERY quickly. And now 65 ships are queueing outside the two biggest ports in America, a signal of how severe port congestion has become across the U.S. ports.
Now that consumers are aware of the imminent shortages and retailers and manufacturers have been rushing to place orders to restock their inventories before the holiday season, the global shipping system is struggling to keep up. The LA and Long Beach ports are the main seaborne gateway to the country, especially for imports coming from China. Over the weekend, a record 73 ships were waiting for a berth - nearly twice as many as at the same time in August. Many cargo ships have been diverted to other ports because of the unprecedented backlog. However, the situation has only gotten worse since most nearby ports don't have enough capacity to deal with the volume of trade, which is preventing thousands of containers from being unloaded.
According to a recent Sea-Intelligence research, several industries across the country are actually dangerously low on inventory. And one of the main determinants exacerbating supply chain woes is the very real shortage of truck drivers, who collect goods from those warehouses to deliver to the stores and the consumers. In essence, shipping companies are aware ports cannot handle the immense cargo volume sent every day. But they have been inciting shippers to order far more than they need to restock their inventories. That, in turn, elevates the demand for cargo shipping, and of course, pushes the profit margins of those shipping companies to sky-highs as shipping costs go through the roof.
However, skyrocketing shipping and freight prices are preventing small-and-medium-sized businesses to actually restock their shelves and offer their products. As the holiday season approaches, the US Toy Association, which represents 950 toy firms with a US presence, has warned about looming shortages, given that their products have been sent to the end of the shipping priority list. While large companies have decades-long relationships with shipping companies, smaller businesses cannot afford to pay a premium for in-time deliveries. If you ever tried to cook a complex dish and realized in the middle of the process that an essential ingredient was missing then you can understand what manufacturers are wrestling with for the past year and a half. Many are being forced to shut down operations as they wait for key parts to arrive.
Sadly, this crisis is far from over. Industry specialists are warning that prices of several supplies will rise exponentially because of port logjams, and the situation is getting so dire that it is expected to last until 2023.According to Jackson Meyer, the chief executive of freight forwarding firm Verus Global, as retailers run to stock up on best-selling items, supply snags, transportation chaos, and inflated prices are about to take this crisis to a whole new level.
To make things even worse, the U.S. overall retail supply level has remained at record lows for four months in a row. And now that stores shelves are being wiped out at record speed, those who are planning to buy certain Christmas presents have probably already missed their chance to get them under the tree. According to Mr. Meyer, "it's probably too late by now, particularly for items such as furniture, beds, TVs, or anything that has to be imported." At this point, we can only hope that a repeat of last year's panic-buying frenzy doesn't occur during the holiday season. But it is safe to say that much more chaos will arise as shortages intensify."
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