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Monday, April 12, 2021

“I Know How to Live… I Don’t Know How to Die”

“I Know How to Live… I Don’t Know How to Die”
by Bill Bonner

“I’ve never done this before…” The woman on the bed was almost a skeleton. The flesh had already gone from her. What was left was an 86-year-old empty tube – shriveled, bent, used up. “I know how to live,” she said. “I don’t know how to die. I don’t know what I’m supposed to think or what I’m supposed to do.”

“Don’t worry about it,” we advised. “It’ll come naturally. Do you need anything?” “Need anything? I need nothing at all. Absolutely nothing. I’m dying. And I have everything I need to do it.” “How about some more pain medication?” “No. I don’t want any. I am only going to do this once. I don’t want to get doped up. I don’t want to miss anything.”

Heaven with Tobacco Fields: People who are dying have a status somewhere between Nobel Prize winners and mobsters. We are reluctant to contradict them. We remember a scene from childhood: We had gone to visit a dying uncle, Edward. Like all our relatives, he was a tobacco farmer. But now the plant he had cared for all his life was killing him: he had lung cancer. Other relatives had gathered at the house to say goodbye. The mood was gloomy, dark… quiet. But the conversation, in early spring, ran in a familiar direction – toward the weather and soil conditions. “They won’t be planting tobacco where I’m going,” said Uncle Edward.

The group fell silent. Some looked down at the floor. Some shuffled toward the kitchen. But Agnes, a cousin, challenged him. “How do you know where you’re going or what they’re doing there?” This enlivened and emboldened the confrérie of tobacco growers. “Yeah, for all we know they’re pulling the plants already,” said one, glancing out the window to see if the rain had stopped. (The plants were “pulled” from the nursery beds for transplanting in the fields. We particularly disliked pulling them because black snakes enjoyed the warm of the gauze-like covering and slithered among the plants.)

The 12-year-old in the group – your editor – forever admired his cousin Agnes. She could see the truth and had the courage to speak it. None of us knew what happened after death. Why not tobacco farming? We tried to imagine Heaven with tobacco fields. It was so implausible that we had a hard time with it. But we persisted. Rows of the green plants, tended by generations of deceased farmers. The sun must not be so hot in Heaven, we concluded, for there was nothing heavenly about the scorching summer sun when you were cutting tobacco. The ghost farmers must hoe each row… and “top” the plants to remove the flower and force the growth to the leaves, just as we did in the Maryland fields. At the end of the day, sweat-stained and tired, they must gather around their pickup trucks – one foot up on the running board, an elbow on the raised knee, with a cigarette in the right hand.

An Unexplored Mystery: The other professions must have their quarters, too… Wheat farmers need broader fields. Cobblers could enjoy their trade, too. Why not? Heaven – immeasurably large – could have a place for everybody. Even bankers and lawyers might find a spot. For a moment, we imagined what it must be like, with mechanics tightening their bolts and dairymen milking their cows. But if everybody did in Heaven what he did on Earth, what was the point of it? The juvenile mind, like its adult successor, stalled.

Half a century later, it is still stopped where it was left – like a tractor abandoned on the edge of a field, with trees grown up between the wheels. Rust has covered the hood. The tires, cracked from the sun, have flattened and disintegrated. It has moved not an inch forward… leaving the mystery of Heaven completely unexplored. “Well, you’re not dead yet,” we replied. “How about a little apple juice?”

The death rattle began two days later. The goodbyes have all been said. Prayers have been offered. Undertakers contacted. A church put on alert. Remembrances shared. Toward the end there was no one there to share the remembrances with. The spirit seemed to have packed up and moved out before the body got the message. Life, like bull markets and credit expansions, always come to an end, sooner or later. New technology and newfangled monetary policies offer delays, unfounded hope, and stays of execution – but never a full pardon.”
Bread, "Everything I Own"

"If you were going to die soon and had only one phone call 
you could make, who would you call and what would you say? 
And why are you waiting?"
- Stephen Levine

Free Download: Richard Bach, "Illusions, The Adventures Of A Reluctant Messiah”

"We Are All. Free. To Do. Whatever. We Want. To Do.”
by Richard Bach 

“We are all free to do whatever we want to do,” he said that night. “Isn’t that simple and clean and clear? Isn’t that a great way to run a universe?” “Almost. You forgot a pretty important part,” I said. “Oh?” “We are all free to do what we want to do, as long as we don’t hurt somebody else,” I chided. “I know you meant that, but you ought to say what you mean.”

There was a sudden shambling sound in the dark, and I looked at him quickly. “Did you hear that?” “Yeah. Sounds like there’s somebody…” He got up, walked into the dark. He laughed suddenly, said a name I couldn’t catch. “It’s OK,” I heard him say. “No, we’d be glad to have you… no need you standing around… come on, you’re welcome, really…”

The voice was heavily accented, not quite Russian, nor Czech, more Transylvanian. “Thank you. I do not wish to impose myself upon your evening…” The man he brought with him to the firelight was, well, he was unusual to find in a midwest night. A small lean wolflike fellow, frightening to the eye, dressed in evening clothes, a black cape lined in red satin, he was uncomfortable in the light.

“I was passing by,” he said. “The field is a shortcut to my house…” “Is it?” Shimoda did not believe the man, knew he was lying, and at the same time did all he could to keep from laughing out loud. I hoped to understand before long.

“Make yourself comfortable,” I said. “Can we help you at all?” I really didn’t feel that helpful, but he was so shrinking, I did want him to be at ease, if he could. He looked on me with a desperate smile that turned me to ice. “Yes, you can help me. I need this very much or I would not ask. May I drink your blood? Just some? It is my food, I need human blood…”

Maybe it was the accent, he didn’t know English that well or I didn’t understand his words, but I was on my feet quicker than I had been in many a month, hay flying into the fire from my quickness. The man stepped back. I am generally harmless, but I am not a small person and I could have looked threatening. He turned his head away. “Sir, I am sorry! I am sorry! Please forget that I said anything about blood! But you see…”

“What are you saying?” I was the more fierce because I was scared. “What in the hell are you saying, mister? I don’t know what you are, are you some kind of VAM-?” Shimoda cut me off before I could say the word. “Richard, our guest was talking, and you interrupted. Please go ahead, sir; my friend is a little hasty.” “Donald,” I said, “this guy…” “Be quiet!” That surprised me so much that I was quiet, and looked a sort of terrified question at the man, caught from his native darkness into our firelight.

“Please to understand. I did not choose to be born vampire. Is unfortunate. I do not have many friends. But I must have a certain small amount of fresh blood every night or I writhe in terrible pain, longer than that without it and I cannot live! Please, I will be deeply hurt – I will die – if you do not allow me to suck your blood… just a small amount, more than a pint I do not need.” He advanced a step toward me, licking his lips, thinking that Shimoda somehow controlled me and would make me submit.

“One more step and there will be blood, all right. Mister, you touch me and you die…” I wouldn’t have killed him, but I did want to tie him up, at least, before we talked much more. He must have believed me, for he stopped and sighed. He turned to Shimoda. “You have made your point?” “I think so. Thank you.”

The vampire looked up at me and smiled, completely at ease, enjoying himself hugely, an actor on stage when the show is over. “I won’t drink your blood, Richard,” he said in perfect friendly English, no accent at all. As I watched he faded as though he was turning out his own light… in five seconds he had disappeared.

Shimoda sat down again by the fire. “Am I ever glad you don’t mean what you say!” I was still trembling with adrenalin, ready for my fight with a monster. “Don, I’m not sure I’m built for this. Maybe you’d better tell me what’s going on. Like, for instance, what… was that?”

“Dot was a wompire from Tronsylwania,” he said in words thicker than the creature’s own. “Or to be more precise, dot was a thought-form of a wompire from Tronsylwania. If you ever want to make a point, you think somebody isn’t listening, whip ‘em up a little thought-form to demonstrate what you mean. Do you think I overdid him, with the cape and the fangs and the accent like that? Was he too scary for you?”

“The cape was first class, Don. But that was the most stereotyped, outlandish… I wasn’t scared at all.” He sighed. “Oh well. But you got the point, at least, and that’s what matters.”

“What point?” “Richard, in being so fierce toward my vampire, you were doing what you wanted to do, even though you thought it was going to hurt somebody else. He even told you he’d be hurt if…”

“He was going to suck my blood!” “Which is what we do to anyone when we say we’ll be hurt if they don’t live our way.”

I was quiet for a long time, thinking about that. I had always believed that we are free to do as we please only if we don’t hurt another, and this didn’t fit. There was something missing.

“The thing that puzzles you,” he said, “is an accepted saying that happens to be impossible. The phrase is hurt somebody else. We choose, ourselves, to be hurt or not to be hurt, no matter what. Us who decides. Nobody else. My vampire told you he’d be hurt if you didn’t let him? That’s his decision to be hurt, that’s his choice. What you do about it is your decision, your choice: give him blood; ignore him; tie him up; drive a stake of holly through his heart. If he doesn’t want the holly stake, he’s free to resist, in whatever way he wants. It goes on and on, choices, choices.”

“When you look at it that way…”

“Listen,” he said, “it’s important. We are all. Free. To do. Whatever. We want. To do.“
“Illusions: The Adventures of a Reluctant Messiah”
by Richard Bach

“Born in 1936, Richard Bach is an American author who has written many excellent books. His quotes are inspirational and motivational. “Jonathan Livingston Seagull;” “Illusions;” “The Bridge Across Forever;” to name only a few of his books.

Notice: This electronic version of the book has been released for educational purposes only. You may not sell or make any profit from this book. And if you like this book, buy a paper copy and give it to someone who does not have a computer, if that is possible for you.
FREELY download “Illusions”, in PDF format, is here:

The Poet: John O’Donohue, “In These Times”

“Do not lose heart. We were made for these times.”
– Clarissa Pinkola Estes
“In These Times”

“In these times when anger
Is turned into anxiety,
And someone has stolen
The horizons and mountains,
Our small emperors on parade
Never expect our indifference
To disturb their nakedness.
They keep their heads down,
And their eyes gleam with reflection
From aluminum economic ground,
The media wraps everything
In a cellophane of sound,
And the ghost surface of the virtual
Overlays the breathing earth.
The industry of distraction
Makes us forget
That we live in a universe.
We have become converts
To the religion of stress
And its deity of progress;
That we may have courage
To turn aside from it all
And come to kneel down before the poor,
To discover what we must do,
How to turn anxiety
Back into anger,
How to find our way home.”

~ John O’Donohue,
from “To Bless the Space Between Us”

Gregory Mannarino, PM 4/12/21: "Expect A MASSIVE Spike In Inflation To Hit At The Worst Possible Time"

Gregory Mannarino, PM 4/12/21:
"Expect A MASSIVE Spike In Inflation To Hit At The Worst Possible Time"

The Daily "Near You?"

Machias, Maine, USA. Thanks for stopping by!

"Ah, You Miserable Creatures!"

"Ah, you miserable creatures! You who think that you are so great!
You who judge humanity to be so small! You who wish to reform everything!
Why don't you reform yourselves? That task would be sufficient enough. "
- Frederic Bastiat
Any questions?

"Inflation Sightings!"

"Inflation Sightings!"
By Bill Bonner

YOUGHAL, IRELAND – "Like pilgrims crossing the Atlantic, we keep our eyes on the horizon, watching for land. Consumer price inflation… it must be out there somewhere. We’ve been headed in that direction for many years. And lately, huge gusts of big spending/big printing… from Donald Trump and Joe Biden… have been driving us forward.

Headed to InflationLand: In 2020, the feds spent $3.7 trillion they didn’t have. In 2021, the Biden Bunch is still adding to the total deficit… U.S. debt topped $28 trillion last week. It’s not as if there were any mystery to what happens next. There’s a huge, sad continent out there – InflationLand. And it requires no navigational skill to get there. Just keep going in this direction… We’ll hit landfall soon enough.

And what’s this? A seagull! We must be getting close. CNBC: "U.S. producer prices increased more than expected in March, resulting in the largest annual gain in 9-1/2 years, fitting in with expectations for higher inflation as the economy reopens amid an improved public health environment and massive government funding. The producer price index [PPI] for final demand jumped 1.0% last month after increasing 0.5% in February, the Labor Department said on Friday. In the 12 months through March, the PPI surged 4.2%. That was the biggest year-on-year rise since September 2011 and followed a 2.8% advance in February."

March’s rate, if it were to continue, would put the PPI well into double digits for the year. Then, the wholesale prices would work their way down the chain to the retail shelves… where people would begin to notice. So far, the numbers are relatively small. But with enough careful management by Treasury Secretary Janet Yellen and President Joe Biden, it shouldn’t be too long before we run onto the rocks.

Full Speed Ahead: You get to InflationLand, grosso modo, by discouraging production and encouraging consumption. Then, when the quantity of money increases faster than the goods and services you buy with them, prices rise. The feds (with the collusion of federal, state, and health officials) “turned off” whole industries last year. Even today, many shops are still closed.

Note that they didn’t shut down demand; they closed off the supply of goods and services. Meanwhile, they gave out money. Here’s The Seattle Times: "The Treasury Department said Wednesday it has issued more than 156 million payments as part of President Joe Biden’s coronavirus relief plan, including 25 million payments that were primarily to Social Security beneficiaries who hadn’t filed 2019 or 2020 tax returns.

The direct payments of as much as $1,400 per person were the cornerstone promise of Biden’s $1.9 trillion package to contain the pandemic and revive the U.S. economy. Roughly $372 billion has been paid out since March 12, a sum that likely boosted hiring last month as Americans had more money to spend."

But with so much stimmy money headed in their direction, a lot of people are apparently deciding not to go to work. Businesses report that it is hard to hire people for entry- and low-level jobs.

No Turning Back: Economists predict a big “surge” in GDP this year. But it is mostly a surge in spending fake money, not in creating new goods and services. In other words, it’s not the gentle wind of an honest, productive economy that we have to look forward to… it’s the gale of out-of-control inflation. MarketWatch:
A sudden surge in demand following a supply shock is a “classic recipe” for a pickup in inflation, wrote Christopher Wood, global head of equity strategy at Jefferies, in an April 4 note. “The result is that investors should be prepared for the biggest inflation scare in America on the reopening of the economy since the early 1980s when former Fed Chairman Paul Volcker crushed double digit inflation in the late 1970s by imposing high real interest rates on the American economy,” Wood said.

But there will be no high real interest rates imposed this time. The monetary system won’t be rescued. InflationLand is where we’re going. There’s no turning back. Stay tuned."

"The Healing Power of Simplicity"

"The Healing Power of Simplicity"
by Sofo Archon

“Greed is a bottomless pit which exhausts the person in an 
endless effort to satisfy the need without ever reaching satisfaction.”
- Erich Fromm

"Gandhi said that the Earth has enough for everyone’s need, but not enough for everyone’s greed. Indeed, we can all have enough to live happily. But when we become greedy, we can never have enough - even if we have everything. And on our way to quench our thirst for more, we ruin both our personal and public health, as well as the health of the wonderful planet that sustains us and every other being alive. So, how can we stop hurting ourselves, society and the Earth? By learning to live simply."

"How It Really Is"

 
There are no words... well, there are, but I can't put them here.

"Another COVID Myth Dies The Death"

"Another COVID Myth Dies The Death"
by Jeffrey Tucker

"Going to the grocery store in Massachusetts in 2020 guaranteed you would breathe heaps of sanitizer. A full-time employee scrubbed down shopping carts between customers. Conveyor belts at the checkout counter were blasted and wiped between every sale. Glass surfaces were sprayed as often as possible. The plastic keypads on credit machines were not only covered in plastic – why putting plastic on plastic stopped Covid was never clear – but also sprayed between uses. Employees would carefully watch your hands to see what you touched, and as you exited the space would cover the area with cleaning spray.

It was the same at offices and schools. If a single person turned in a positive PCR test, the entire place had to be evacuated for a 48-hour fumigation. Everything had to be wiped, sprayed, and scrubbed, to get rid of the Covid that surely must be present in the bad place. The ritualistic cleaning took on a religious element, as if the temple must be purified of the devil before God could or would come back.

All of this stemmed from the belief that the germ lived on surfaces and in spaces, which in turn stemmed from a primitive intuition. You can’t see the virus so it really could be anywhere. The human imagination took over the rest.

I was in Hudson, New York, at a fancy breakfast house that had imposed random Covid protocols. It was cold outside but they wouldn’t let me sit inside, even though there were no government restrictions on doing so. I asked that masked-up twenty-something why. She said “Covid.” “Do you really believe that there’s Covid inside that room?” “Yes.”

Subway cars were cleaned daily. Facebook routinely shut its offices for a full scrub. Mail was left to disinfect for days before being opened. Things went crazy: playgrounds removed nets from basketball hoops for fear that they carried Covid.

During the whole pathetic episode of last year, people turned wildly against physical things. No sharing of pencils at the schools that would open. No salt and pepper shakers at tables because surely that’s where Covid lives. No more physical menus. They were replaced by QR codes. Your phone probably has Covid too but at least only you touched it.

“Touchless”’ became the new goal. All physical things became the untouchables, again reminiscent of ancient religions that considered the physical world to be a force of darkness while the spiritual/digital world points to the light. The followers of the Prophet Mani would be pleased.

Already back in February, AIER reported that something was very wrong about all of this. Studies were already appearing calling the physical-phobic frenzy baseless. The demonization of surfaces and rooms stemmed not just from active imaginations; it was also recommended and even mandated by the CDC. It offered a huge page of instructions on the need constantly to fear, scrub, and fumigate.

On April 5, however, the CDC page was replaced by a much-simplified set of instructions, which includes now this discreet note: “In most situations, the risk of infection from touching a surface is low.” Oh is that so? The link goes to the following: "Quantitative microbial risk assessment (QMRA) studies have been conducted to understand and characterize the relative risk of SARS-CoV-2 fomite transmission and evaluate the need for and effectiveness of prevention measures to reduce risk. Findings of these studies suggest that the risk of SARS-CoV-2 infection via the fomite transmission route is low, and generally less than 1 in 10,000, which means that each contact with a contaminated surface has less than a 1 in 10,000 chance of causing an infection."

Whoops. So much for the many billions spent on cleaning products, the employees and the time, and hysteria and frenzy, the rise of touchlessness, and gloves, the dousing of the whole world. The science apparently changed. Still it will be years before people get the news and act on it. Once the myths of surface transmission of a respiratory virus are unleashed, it will be hard to go back to normal.

Fortunately the New York Times did some accurate reporting on the CDC update, quoting all kinds of experts who claim to have known this all along. “Finally,” said Linsey Marr, an expert on airborne viruses at Virginia Tech. “We’ve known this for a long time and yet people are still focusing so much on surface cleaning.” She added, “There’s really no evidence that anyone has ever gotten Covid-19 by touching a contaminated surface.”

Still, I’m willing to bet that if right now I headed to a WalMart or some other large chain store, there will be several employees dedicated to disinfecting everything they can, and there will be customers there who demand it to be so.

How many years will it take before people can come to terms with the embarrassing and scandalous reality that much of what posed as Science last year was made up on the fly and turns out to be wholly false?"

Covid-19 Pandemic Update 4/12/21"

"Covid-19 Pandemic Update 4/12/21"
“When you don’t have the data and you don’t have
 the actual evidence, you’ve got to make a judgment call." 
 April 12, 2021 7:49 AM ET: 
The coronavirus pandemic has sickened more than 136,126,900 
people, according to official counts, including 31,296,696 Americans.
Globally at least 2,937,000 have died.

"The COVID Tracking Project"
Every day, our volunteers compile the latest numbers on tests, cases, 
hospitalizations, and patient outcomes from every US state and territory.
https://covidtracking.com/
Editor's Note: This excerpt was originally published in the article “Sleepy Joe's Next $3 Trillion Boondoggle” at David Stockman's ContraCorner.

"The lone political ranger in Washington who has articulately and forcefully confronted Fed Chairmen, Dr. Fauci and the Deep State peddlers of the RussiaGate Hoax specifically and the Forever Wars generally is Senator Rand Paul. Most of his so-called conservative GOP colleagues have either been AWOL completely on these deeply symptomatic matters or joined the fray after it was way too late or had become a matter of Trumpian loyalty-signaling.

Where were they last year at this time when the Donald disastrously anointed a 52-year Federal apparatchik, publicity-hound and scientific lightweight to be the Covid-czar? And then, they permitted him to host his own daily reality TV show which sparked the calamity of Lockdown Nation and impregnated the national psyche with unhinged hysteria about a respiratory virus that was not appreciably more virulent than many which had come before.

There were plenty of scientific voices at the time who said this was a giant folly, but even a brief acquaintance with the history of respiratory diseases and the principles of constitutional government was all that was required to deliver a loud, no!

Senator Rand Paul was one of the few who did from the very beginning, and now that the data is in and the visible pandemic is fast fading, he has been fully vindicated. Indeed, we have rarely seen anything which more powerfully discredits the Covid-as-Black Plague Myth and the resulting depredations of the Virus Patrol than the chart below.
Click image for larger size.
It shows the age-adjusted death rate from all causes for the 120 year span since 1900. As such, it takes all the noise and misdirection out of the daily Covid counts blared across the screen by the cable TV chyrons, and actually embeds the matter in real science.

That is to say, it’s age-adjusted so that the rapidly increasing population of the very elderly with inherently high mortality rates does not bias the picture. Nor do the squirrely death certificate coding conventions promulgated by the CDC last March distort the metric. That’s because it includes deaths from all causes - including the hundreds of thousands where the deceased succumbed to multitudinous causes and co-morbidities but also tested positive under the radically flawed PCR test for Covid.

Needless to say, when the age-adjusted mortality rate from all causes oscillated at about 7 per 1,000 population in recent years and then blipped up to about 8 per 1,000 in 2020 (green bar), you do not have a Black Plague or even a deathly pandemic.

What you have is a bad flu season that unfortunately resulted in a modest excess death rate -and one overwhelmingly centered in the nursing homes and the very elderly population beset with weak immune systems. Also, you have an all-causes death rate that was actually no higher than what was taken as a standard outcome as recently as 2004–2006.

The point is, the chart tells you that there should never have been a Covid hysteria or a lockdown, which caused previously unthinkable economic repercussions such as 70 million newly filed unemployment claims. That’s to say nothing of the crash of whole industries such as air travel and restaurants, the loss of lifetime investments by several millions of small businessmen and entrepreneurs, and the calamity of $6 trillion of Everything Bailouts that were recklessly stood up to compensate for the lockdown carnage.

A few decades from now, the blip represented by the green bar will hardly be visible with even a magnifying glass. That’s because several subsequent years will show a small dip in the annual mortality rates owing to the fact that the Grim Reaper came a few months early when medical treatments and therapeutic protocols failed to become available to the most vulnerable in the initial months of the pandemic.

More importantly, the reason for the sweeping folly of 2020 will become readily apparent. It wasn’t "the science." On the contrary, it was the result of an old-fashioned power grab by a camarilla of public health bureaucrats, their overlords in the pharma industry and the state and local officials who suddenly had a chance to wield dictatorial powers over the daily lives of their constituents.

No rational government in a free society with a healthy opposition party would have wreaked the havoc brought upon America during the last year owing to the tiny blip reflected in the green bar below.

Senator Rand Paul and a few intrepid colleagues - plus an occasional on-point anchor on Fox News like Tucker Carlson - tried as they might, but they simply could not thwart the ceaseless aggrandizement of an Imperial City that has become the living embodiment of Leviathan.

The chart above puts us in mind of our own youth on a rural Michigan farm. At our one-room school, we all wanted to get measles, mumps and chickenpox so that we would have the natural immunities going forward; and when it came along, we wanted to get Dr. Salk’s vaccine because we didn’t wish to get polio. But either way, no one thought we were living in a world beset by deathly plagues and medical pestilence; this includes the virulent Asian flu that came along in 1957, which resulted in 116,000 deaths among a population half today’s size.

Still, the age-adjusted death rate from all causes in 1957 was about 14 per 1,000 or double the rate recorded for the Year-of-the-Covid in 2020. The fact that US economic and social life has been monkey-hammered by unhinged government interventions is evidence that there is not much left in Washington to thwart the on-going metastasis."
Related:

"Economic Market Snapshot AM 4/12/21"

"Economic Market Snapshot AM 4/12/21"
"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
"Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
Your guide:
Gregory Mannarino, AM 4/12/21:

"Goldman Says: "DONT FIGHT THE FED." 

Yellowstain AGAIN Promises ENDLESS EASY MONEY"
"The more I see of the monied classes, 
the better I understand the guillotine."
- George Bernard Shaw
MarketWatch Market Summary, Live Updates

CNN Market Data:

CNN Fear And Greed Index:
A comprehensive, essential daily read.
April 11th to 13th, Updated Daily 
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."
Daily Job Cuts

Sunday, April 11, 2021

Must Watch! “Warning - Economic Warfare Happening Now; Cargo Ships Flood West Coast”

Full screen highly recommended.
Jeremiah Babe,
“Warning - Economic Warfare Happening Now;
Cargo Ships Flood West Coast”

"Shortage Of Everything Is Here! Americans Are Panicking As Prices Soaring At Grocery Stores"

Full screen recommended.
"Shortage Of Everything Is Here! Americans Are 
Panicking As Prices Soaring At Grocery Stores"
by Epic Economist

"Catastrophic supply chain disruptions continue to cause devastating shortages all over America, halting the production of multiple goods - ranging from cars to computers, appliances, and furniture; and even more alarmingly, it is triggering worrying food shortages across several parts of the nation. Numerous staples are already disappearing from grocery shelves, just as seen in the early days of the health crisis, and consumers are being left without critical everyday products. Consequently, the mismatch between supply and demand is boosting skyrocketing prices that are likely to persist for months. Right now, the U.S. is finally assessing how serious it was the impact of the Texas freeze and the Suez blockage on supply chains. While thousands of crops have been completely destroyed due to the arctic temperatures, shipping delays and a container shortage are hampering retailers' ability to restock on canned and dried food, coffee, meat, spices, and toilet paper. One more time, American consumers are headed to a tough shopping season as the widespread scarcity of products is becoming the "new normal". And that's what we're going to discuss in this video.

Since last year's holiday season, major U.S. retailers have been struggling to restock on a wide range of food staples. Walmart, Costco, Target, and H-E-B are reporting shortages of goods such as baking goods, ramen, milk, cheese, peanut butter, brisket, canned soup, beans, and dried pasta that started to happen in that period and have been lingering since then as the recent disruptions continue to add pressure on grocery chains all across the nation. In fact, grocers have been limiting purchases due to dwindling stocks just as we've seen during the early days of the health crisis.

A coffee shortage is also being registered after the Suez blockage delayed the delivery of tons of raw coffee beans to European ports, which traditionally sends processed powdered coffee to the U.S. A month after an unprecedented chillwave blanketed the Lone Star state with snow, retailers and food banks are concerned there won't be enough fresh produce to meet the fast-increasing demand over the next months. Many Texan farmers lost their entire crops to the ravaging cold temperatures and millions of gallons of milk had to be dumped too.

The shipping container deficit problem has been playing out for months due to high demand from China and the effects of the sanitary outbreak on the global economy, and it will affect basically anything you see in the stores. The problem is also responsible for delaying the delivery of wood pulp to Suzano SA, the leading firm in manufacturing toilet paper. Suzano CEO Walter Schalka told Bloomberg shipping problems threaten to leave store shelves tissue-less once again.

Another effect of wood shortages can be seen in the continuous rise of lumber prices, which have risen almost 200%, according to the National Association of Home Builders. Futures contracts in lumber are now being settled at over $1,000 per thousand feet of board, roughly four times their April 2020 prices. Wood is also a key material for manufacturing furniture, and since the delay in availability has been made worse by congestion at ports in Southern California, customers are already seeing furniture-delivery dates delayed for several months.

The strained supply chains are now experiencing a global shortage of semiconductors, a component used in a wide range of consumer goods, from smartphones and laptops to video games. Consultant AlixPartners has estimated the chip shortage could cost automakers $61 billion in lost sales this year. The latest setbacks could further delay an expected second-quarter rebound in output. GM has recently announced that worsening supply chain issues have led to closures of eight of its assembly plants, forcing a mass lay-off of about 10,000 workers.

As our leaders keep failing to assess such problems, the United States is entering an era when shortages and supply chain disruptions will become the new normal. The fact that trillions in fiscal stimulus have been recently pumped into the economy and inflation has started to skyrocket won't help at all to curb this situation. Instead of boosting the economy, the stimulus money is creating several price bubbles and contributing to the downfall of American consumer's purchasing power. It is certain that we will be seeing social uprisings in the coming months if shortages hit a critical point, and you should keep tuned with the next developments of this menacing crisis, here, on Epic Economist."

Musical Interlude: Justin Hayward, "The Way of the World"

Full screen recommended.
Justin Hayward, "The Way of the World"

"A Look to the Heavens"

“This wide, sharp telescopic view reveals galaxies scattered beyond the stars and faint dust nebulae of the Milky Way at the northern boundary of the high-flying constellation Pegasus. Prominent at the upper right is NGC 7331.
A mere 50 million light-years away, the large spiral is one of the brighter galaxies not included in Charles Messier's famous 18th century catalog. The disturbed looking group of galaxies at the lower left is well-known as Stephan's Quintet. About 300 million light-years distant, the quintet dramatically illustrates a multiple galaxy collision, its powerful, ongoing interactions posed for a brief cosmic snapshot. On the sky, the quintet and NGC 7331 are separated by about half a degree.”

"As Far As We Can Discern..."

"As far as we can discern, the sole purpose of human existence
is to kindle a light in the darkness of mere being."
- C. G. Jung

Chet Raymo, “The Sound And Fury”

“The Sound And Fury”
by Chet Raymo

“Not so long ago, I mentioned here Himmler and Heydrich, two of Hitler's most terrible henchmen. A friend said to me: "If there's no afterlife, no heaven or hell, then those two diabolical creatures got away with it. Their fate was no different than that of any one of their victims, an innocent child perhaps." And, yes, if there is no God who dispenses final justice, then we are left with an aching feeling of irresolution, of virtue unrewarded, of vice unpunished. Heydrich was gunned down by partisan assassins, and Himmler committed suicide a few hours before his inevitable capture, both fates arguably less tragic than that of their victims. How much more satisfying to think that the two mass murderers will spend an eternity in hell, while their victims find bliss.

This may not be a logically consistent argument for the existence of God, but it is certainly compelling. My friend says: "If there's no afterlife, then it's all sound and fury, signifying nothing. Of course, this emotive argument for the existence of God is balanced by another argument against his existence– the problem of evil: How can a just and loving God allow the existence of a Himmler or Heydrich in the first place. Here the argument is not just emotional, but consists of a thorny contradiction.

It comes down, essentially, to head vs. heart- what we would like to be true with all of our heart, vs. what our head tells us is an unresolvable conundrum. So each of us decides: To follow our hearts and make the blind leap of faith, or to follow our heads and learn to live with the sound and the fury. For those of us who choose the second alternative, the relevant words are that distressing coda, "signifying nothing." Our task is one of signification, of finding a satisfying meaning this side of the grave.

For many of us, that means finding our place in the great cosmic unfolding, and of recognizing that our lives are not inconsequential, that by being here we jigger the trajectory of the universe in some way, no matter how small, and preferably for the good and just. Yes, we make a leap of faith too, I suppose- that love, justice, and creativity are virtues worth living for- but at least it is a leap of faith that is not into the unknown, does not embody logical contradiction, and is consistent with what we know to be true, or at least as true as we can make it.”

The Poet: Rainer Maria Rilke, "Book of Hours II, 16"

"Book of Hours II, 16"

"How surely gravity's law,
strong as an ocean current,
takes hold of even the strongest thing
and pulls it toward the heart of the world.
Each thing-
each stone, blossom, child-
is held in place.
Only we, in our arrogance,
push out beyond what we belong to
for some empty freedom.

If we surrendered
to earth's intelligence
we could rise up rooted, like trees.
Instead we entangle ourselves
in knots of our own making
and struggle, lonely and confused.

So, like children, we begin again
to learn from the things,
because they are in God's heart;
they have never left him.
This is what the things can teach us:
to fall,
patiently to trust our heaviness.
Even a bird has to do that
before he can fly."

~ Rainer Maria Rilke

"A Chime Of Words..."

"Yes there is a meaning; at least for me, there is one thing that matters -
to set a chime of words tinkling in the minds of a few fastidious people."
- Logan Pearsall Smith

The Daily "Near You?"

Dysart, Iowa, USA. Thank for stopping by!