Sunday, November 29, 2020

"Hotel Industry Apocalypse: 7 Of 10 US Hotels Say They Will Be Out Of Business In Six Months!"

"Hotel Industry Apocalypse: 7 Of 10 US Hotels 
Say They Will Be Out Of Business In Six Months!"
by Epic Economist

"Hotel owners and retailers have seen their businesses dramatically collapse throughout the current economic recession. Amid a holiday season marked by a critical spike in confirmed viral infections - which previously used to be the most crowded time of the year for both brick-and-mortar retailers and hoteliers - in addition to social distancing rules and the shift to online shopping and remote working, these industries are on the brink of a major a financial catastrophe. 

Since several anchor stores have been closing doors for good to switch to virtual platforms, and the home office trend is considerably intensifying, the empty retail space on malls and vacant hotel rooms are setting the stage for a change in the landscape of both industries, as their owners fall behind on loans and have accumulated billions in debt. Now, every day it passes by, we see an increasing number of permanent store closures, and on the other hand, a recent survey alerted that 7 in 10 hoteliers are going out of business within less than 6 months. In this video, we're going to uncover the apocalyptic state of the hotel and retail industry.

A new survey from the American Hotel and Lodging Association forecasts that seven in ten hoteliers are likely to be out of business in six months. To be precise, 71% of all hotel owners across the country affirmed that without federal aid their businesses wouldn't survive for much longer. The sector, which has been the most impacted by social distancing regulations and the consequent economic downturn, has become a major financial liability since owners couldn't afford to pay their mortgages for months now. 

The federal response of imposing strict lockdowns and letting businesses die will bring enormous financial damage. Several historic and iconic properties continue to be shut down all over the U.S. In the New York area, the owners of 43 New York hotels are delinquent on loans backed by $1.5 billion in bonds. 

Shopping malls and hotels of the nation's biggest cities are struggling to meet their accumulated loan payments. Nationwide, considering that more than a thousand hotel and retail borrowers have defaulted on their loans, over $35 billion in delinquencies were piled up ever since travel and tourism stalled due to virus-related protocols and visits to shopping malls became unappealing and unsafe, particularly now that consumers have an easier online alternative.

At this point, almost 20% of all hotel loans and over 14% of all retail loans generated by commercial real estate lenders and packaged into securities that are sold to investors are currently delinquent. We just had Black Friday, which used to be the kickoff of the frenetic shopping period leading up to Christmas, producing half of a year’s sales for several non-food retailers. But this year, while brick-and-mortar sales were lower than expected, e-commerce has experienced significant growth. 

Evidently, large corporations such as Amazon, Walmart, and Target were the biggest beneficiaries. For the fourth quarter, Amazon's revenues are forecasted to top $100 billion for the first time. By contrast, small business owners that have managed to keep their stores open in the hope to compensate for this year's massive losses with the revenue of the holiday season are coming to the realization that their downfall is inevitable.

As a result, shopping malls are becoming obsolete a lot faster than analysts previously predicted. Experts suggest that hundreds of America's 1,100 malls are likely to shut down. As for the hotel industry, in New York alone, 20% of its hotel rooms could close before the current crisis is over. That accounts for 6,800 rooms that will have to be converted to some other use. 

Countrywide, occupancy rates declined to 33% from 70% during the same time last year, while average room prices fell to $83 per night from $133, reported Cushman & Wakefield. The outcome of this sharp rates drop and the upsurge in vacant rooms, led to 738 borrowers defaulting on hotel loans backed by about $17 billion in bonds as of October 31.

The arrival of a widely accepted vaccine may help, but it won't fix the financial wound opened throughout this crisis. All these businesses are being smashed and wiped out of the map. Indeed, the worst is yet to come, and as a tidal wave of bankruptcies and foreclosures of hotels and retail stores is still forming, when the crash happens - don't be mistaken: it will drag whatever is left of our economy with it.

KEYWORDS: hospitality industry apocalypse, retail apocalypse, hotel industry downfall, economic collapse, economic recession, Great Recession, loan delinquency, Big Short 3.0, store foreclosure, bankruptcy, financial catastrophe, economic downturn, mortgage default, financial damage, economic meltdown, hotel closure, mall closure, financial crisis."

Musical Interlude: Suzanne Ciani, "Anthem"

Suzanne Ciani, "Anthem"
Full screen mode suggested.

"A Look to the Heavens"

“NGC 253 is not only one of the brightest spiral galaxies visible, it is also one of the dustiest. Discovered in 1783 by Caroline Herschel in the constellation of Sculptor, NGC 253 lies only about ten million light-years distant. 
NGC 253 is the largest member of the Sculptor Group of Galaxies, the nearest group to our own Local Group of Galaxies. The dense dark dust accompanies a high star formation rate, giving NGC 253 the designation of starburst galaxy. Visible in the above photograph is the active central nucleus, also known to be a bright source of X-rays and gamma rays.”

"Dwell on the beauty of life.
Watch the stars, and see yourself running with them."
- Marcus Aurelius

"If Only We Would Listen To It..."

"How do the geese know when to fly to the sun? Who tells them the seasons? How do we, humans, know when it is time to move on? As with the migrant birds, so surely with us; there is a voice within, if only we would listen to it, that tells us so certainly when to go forth into the unknown." 
- Elisabeth Kübler-Ross

"What Are The Facts?"

“What are the facts? Again and again and again – what are the facts? Shun wishful thinking, ignore divine revelation, forget what “the stars foretell,” avoid opinion, care not what the neighbors think, never mind the un-guessable “verdict of history” – what are the facts, and to how many decimal places? You pilot always into an unknown future; facts are your single clue. Get the facts!” 
- Robert A. Heinlein

And always remember...

"When you have eliminated the impossible, whatever remains,
however improbable, must be the truth."
- Sir Arthur Conan Doyle, "Sherlock Holmes"

"The 'Smartest Man In The Room' Just Joined Sidney Powell's Team"

"The 'Smartest Man In The Room' Just Joined Sidney Powell's Team"
by Andrea Widburg

"In a closed society where everybody's guilty, the only crime is getting caught.
In a world of thieves, the only final sin is stupidity." 
- Hunter S. Thompson

"In her Georgia complaint, Sidney Powell included the declaration of Navid Keshavarz-Nia, an expert witness who stated under oath that there was massive computer fraud in the 2020 election, all of it intended to secure a victory for Joe Biden. Dr. Kershavarz-Nia's name may not mean a lot to you, but it's one of the weightiest names in the world when it comes to sniffing out cyber-security problems.

We know how important Dr. Kershavarz-Nia is because, just two and a half months ago, the New York Times ran one of its Sunday long-form articles about a massive, multi-million-dollar fraud that a talented grifter ran against the American intelligence and military communities. Dr. Kershavarz-Nia is one of the few people who comes off looking good:

Navid Keshavarz-Nia, those who worked with him said, "was always the smartest person in the room." In doing cybersecurity and technical counterintelligence work for the C.I.A., N.S.A. and F.B.I., he had spent decades connecting top-secret dots. After several months of working with Mr. Courtney, he began connecting those dots too. He did not like where they led.

Not only does Dr. Kershavarz-Nia have an innate intelligence, but he's also got extraordinary academic and practical skills in cyber-fraud detection and analysis. The reason we know about his qualifications is that it takes seven paragraphs for him to list them in the declaration he signed to support the Georgia complaint.

His qualifications include a B.A., M.A., and Ph.D. in various areas of electrical and computer engineering. In addition, "I have advanced trained from the Defense Intelligence Agency (DIA), Central Intelligence Agency (CIA), National Security Agency (NSA), DHS office of Intelligence & Analysis (I&A) and Massachusetts Institution of Technology (MIT)."

Professionally, Dr. Kershavarz-Nia has spent his career as a cyber-security engineer.  "My experience," he attests," spans 35 years performing technical assessment, mathematical modeling, cyber-attack pattern analysis, and security intelligence[.]" I will not belabor the point. Take it as given that Dr. Kershavarz-Nia may know more about cyber-security than anyone else in America.

So what does the brilliant Dr. Kershavarz-Nia have to say? This:

1. Hammer and Scorecard is real, not a hoax (as Democrats allege), and both are used to manipulate election outcomes.

2. Dominion, ES&S, Scytl, and Smartmatic are all vulnerable to fraud and vote manipulation — and the mainstream media reported on these vulnerabilities in the past.

3. Dominion has been used in other countries to "forge election results."

4. Dominion's corporate structure is deliberately confusing to hide relationships with Venezuela, China, and Cuba.

5. Dominion machines are easily hackable.

6. Dominion memory cards with cryptographic key access to the systems were stolen in 2019.

Although he had no access to the machines, Dr. Kershavarz has looked at available data about the election and the vote results. Based on that information, he concluded:

1. The counts in the disputed states (Pennsylvania, Wisconsin, Michigan, Arizona, Nevada, and Georgia) show electronic manipulation.

2. The simultaneous decision in Pennsylvania, Wisconsin, Arizona, Nevada, and Georgia to pretend to halt counting votes was unprecedented and demonstrated a coordinated effort to collude toward desired results.

3. One to two percent of votes were forged in Biden's favor.

4. Optical scanners were set to accept unverified, un-validated ballots.

5. The scanners failed to keep records for audits, an outcome that must have been deliberately programmed.

6. The stolen cryptographic key, which applied to all voting systems, was used to alter vote counts.

7. The favorable votes pouring in after hours for Biden could not be accounted for by a Democrat preference for mailed in ballots. They demonstrated manipulation. For example, in Pennsylvania, it was physically impossible to feed 400,000 ballots into the machines within 2–3 hours.

8. Dominion used Chinese parts, and there's reason to believe that China, Venezuela, Cuba interfered in the election.

9. There was a Hammer and Scorecard cyber-attack that altered votes in the battleground states, and then forwarded the results to Scytl servers in Frankfurt, Germany, to avoid detection.

10. The systems failed to produce any auditable results.

Based on the above findings, Dr. Keshavarz-Nia concluded with "high confidence that the election 2020 data were altered in all battleground states resulting in hundreds of thousands of votes that were cast for President Trump to be transferred to Vice President Biden."

This is going to be tough evidence for Democrats to counter. Back when the naïve Democrats thought Trump would be the one to commit fraud, they held congressional hearings and wrote articles about the voting machines' vulnerability. And with the New York Times touting Dr. Keshavarz-Nia's brilliance and his ability to sniff out fraud, they'll struggle to assert that he's not a reliable expert. Things are getting fun."
Securing the actual servers which were used 
in this massive fraud gives credence to this report:
"Charlie is joined by Lt. General Thomas McInerney to detail the shocking allegations surrounding Hammer and Scorecard, weaponized digital tools that allegedly allow our intelligence agencies to alter election results, including those in the United States. Are these tools actually real? Were they deployed in this most recent election? Can we know who is behind these treasonous acts if they did in fact occur? In what might be one of the most important interviews ever conducted on the show, Gen. McInerney lays out an election fraud scheme in extensive detail on a scale never before experienced in America or the world."

"That's Why..."

"That's why crazy people are so dangerous. 
You think they're nice until they're chaining you up in the garage."
- Michael Buckley

The Daily "Near You?"

Martinez, California, USA. Thanks for stopping by!

"Have It Done..."

”Never explain. Never apologize. Have it done and let them howl.”
- Winston Churchill

"Market Fantasy Updates 11/29/20"

"Market Fantasy Updates 11/29/20"
Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!

Gregory Mannarino, “Markets: A Look Ahead”

But always remember, folks...

"In Fact..."

"You may encounter many defeats, but you must not be defeated. 
In fact, it may be necessary to encounter the defeats, 
so you can know who you are, what you can rise from, 
how you can still come out of it." 
- Maya Angelou

“Who Is Delusional? The Answer Is: We All Are”

“Who Is Delusional? The Answer Is: We All Are”
by Noel Hunter

“Show me a sane man and I will cure him for you” 
- Carl Jung 

“Within the mental health profession, clinicians and researchers who value a system of categorical illnesses and individual defects too often proclaim that the major feature delineating “real psychosis” from other “disorders” is the presence of delusions. Two articles in the New York Times exemplified for me how skewed this assertion is. It also led to a greater awareness, more specifically, of how problematic it is to view so-called delusions as meaningless indicators of disease… for we all experience delusion. How one experiences the self, the world, and relationships (usually based on our relationships with our caregivers) determines the level with which one must cling to seemingly irrational ideas in order to maintain a sense of order and meaning in the world. Let me explain…

The first article, entitled “Hating Good Government”, is an op-ed piece that can be summed up by this quote: “At this point it’s hard to think of a major policy dispute where facts actually do matter; it’s unshakable dogma, across the board.” It goes on to describe various political situations wherein people strongly adhere to their political views even in the face of overwhelming evidence to the contrary. Lest anybody mistake this present piece for a political one, I am not defending the legitimacy of any of the accusations made by the NYT author; rather, the important point is that the article highlights how strongly people can believe in something that may be completely false (whatever side you might be on), and how these beliefs become even more rigid in the face of contrary evidence. None of us can deny that this happens in politics all the time… on all sides. 

The other article, titled: “How Expensive it is to be Poor”, can be summarized by its first paragraph: “Earlier this month, the Pew Research Center released a study that found that most wealthy Americans believed ‘poor people today have it easy because they can get government benefits without doing anything in return.’” The author goes on to say that “This can be the view only of those who have not known – or have long forgotten – what poverty truly means.” 

Interestingly, in the first article, the beliefs are described as “dogma” and in the second as an “obtuse view.” To me, these were overt examples of the universality of delusion as part of human nature. Isn’t it remarkable how language can change everything when describing something? 

What Are Delusions? A delusion is described as “a fixed-false belief.” Using this definition, both of the NYT articles are describing delusional beliefs that just happen to be held by groups rather than lone individuals. Look, though, at how horrible this word is, and how quickly it dismisses the belief itself or, more importantly, the foundation upon which it is based. Many who are reading this blog now may believe some of the beliefs described in these articles. I imagine such persons would be enraged by my insinuation that their beliefs are delusional… and rightly so. So why do we think it is ok to do just that to people deemed “insane” or “psychotic”? I suggest that the view that “delusions” are the meaningless drivel of madmen can be the view only of those who have not known – or have long forgotten – what being mad truly means. 

Delusions are the brain’s way of doing its job. Even in the actually diseased brain, in those suffering the debilitating effects of dementia, the brain is trying to make sense of its surroundings based on the limited knowledge it has left or the concurrent associations that arise through the degenerative process. The beliefs themselves are not disease, but may be indicative of some internal problem (with true “disease” being only one possibility). The beliefs appear irrational due to the lack of current context with which to appropriately explain circumstances. 

Where is the line between an “irrational belief” and a delusion? Some might say that “real” delusions, as in psychosis, are bizarre and completely implausible. Hmmm… so who gets to define what is bizarre? Is Scientology a delusion? Telepathy? The idea that there is a humanoid-like figure who died and came back to life after first being born to a virgin? The existence of good and evil? Who decides where to draw this ambiguous line of “bizarre” and “implausible” and a respected “belief”? 

They may not always be overt or spoken aloud, but we all have delusions that underscore a great deal of suffering. This assertion is not unique to me; much of Buddhist philosophy is built on this basic tenet. Delusions are not symptoms or diseases unto themselves; they are a “side-effect,” if you will, of being thinking, imperfect, humans. Trouble ensues, however, when one’s beliefs fall too far astray from the majority belief and/or when it leads one to behave in seemingly bizarre, socially unacceptable, or aggressive ways. Perhaps these behaviors result in being labeled a criminal, a sociopath, a narcissist, a terrorist, an evangelical, a genius, an artist, a gangster, or, maybe it just gets one labeled as psychotic. 

Trauma and Childhood Development: Any kind of ideology can provide people a sense of control, particularly when experiencing chaos or confusing random events. The more confusing, terrifying, overwhelming, chaotic or unjust the world in which one exists, the more elaborate, concrete, or fantastical the beliefs needed to feel in control, ease anxiety, and have a sense of purpose and importance. In general, belief systems serve to protect us and help us survive. 

Like all other living beings, survival is the greatest instinct motivating human behavior. The term “trauma” is often used to describe events that are perceived as life-threatening and that create a sense of terror and dread; however, this term too often results in judgmental assertions of what is “bad” enough to be considered traumatic despite its subjective nature. Trauma theorists have long said that “trauma disorders” are behaviors and experiences that were once adaptive but now are causing problems. Why does this not translate beyond those recognized conditions or behaviors that are so-called “trauma-based”? I tend to talk about “trauma” because this is the field that appears to have the greatest amount of research on how problematic childhoods and overwhelming life experiences lead to what society calls “mental illness.” But, really, the term refers to an internal experience of panic, dread, terror, and brushes with death. 

A sense of terror and fear of death has been shown to increase when confronted with questions regarding the meaning of life often brought about during times of life crises. Furthermore, an increased fear of death develops when a person’s strong beliefs are directly refuted or challenged, leading one to cling even harder to said beliefs in an effort to ease the overwhelming terror and anxiety. Protection against this cycle of psychological entrapment is brought about, in part, by close relationships and secure attachment to caregivers. On the other hand, when attachment with caregivers is damaged through engulfment, stress, neglect, inconsistency, or outright abuse, a child often learns to manage anxiety partly through symbolic representations of others. Additionally, an insecure attachment has been shown to be directly associated with odd behaviors in the face of existential fears and terror, and being diagnosed with a mental disorder. 

So, when a person grows up with a fractured or undeveloped sense of self due to difficulties within the family dynamics, he or she is much more prone towards extreme emotions and socially abnormal behaviors, particularly when experiencing fear and anxiety. Usually such children have also become either hyper-vigilant (where they over-react to sensory experiences and are constantly on alert), hypo-vigilant (where they shut down and become disconnected from the self and the world), or on a roller-coaster cycle of both. When the terror-inducing experiences are overt, a belief system that makes sense to others may develop around these events. Conversely, when the experiences are covert or implicit, greater effort needs to be put forth to explain the internal extreme emotional distress, and often this is done through symbolization. 

For instance, when a person is beaten or sexually abused (and it is actually acknowledged by others) and this results in overwhelming anxiety, fear, feeling unreal, feeling the world around the person is a dream, heightened sensitivity to sensory experiences, rage, and violent images haunting their very existence, it is likely that this person will have the context of the physical threat to the body to make sense of these anomalous experiences. When they hear voices, they are often more clearly related to these events and are conceived as flashbacks, and “paranoia” is contextualized as hypervigilance. Because they can make some sense of these experiences, so can all those around this person. The person may feel like they are “going crazy,” but are never quite deemed so because the context for meaning-making exists, even if it is only on a superficial level. 

On the other hand, when the source of one’s fears and anxiety is less identifiable (for instance, experiencing severe alienation, parental engulfment, confusing communication within the family, parents who are chronically stressed, double binds, implicit discrimination, etc.) or when overt trauma is denied by others, the more confusing things become. A child experiencing these phenomena is just as threatened as he who is being beaten, but does not have the recognition of others or the context in which to make sense of his emotional state. The fact that some of these experiences are just as traumatic to a child is backed up by research: Children who experience psychological “trauma,” such as emotional abuse, insults, verbal bullying, isolation, and overwhelming psychological demands within the family, are MORE likely to develop severe psychological disorders as adults than those who have been physically or sexually abused. This includes so-called “symptoms” of PTSD. Of course, too often, children experience a combination of all. 

When terror and anxiety develop through psychological trauma, or when physical trauma is denied within the family, a belief system is likely to develop that serves to make sense of this illogical world. Robust research shows the undeniable link between childhood trauma and symptoms of psychosis, including delusions. Additionally, some researchers have argued quite convincingly that in many cases, delusions directly represent extreme emotional distress that can be understood through developmental processes. 

Importantly, the person who is stuck in a state of terror is one whose brain has directed all of its resources on survival. This does not leave room for taking the time for “rational” thought, decision-making, patience, conforming to social norms, etc. Research shows that those who are prone to what is clinically determined to be “delusional” thinking are also more likely to impulsively jump to conclusions, generally resulting in inaccurate decision-making. Perhaps most striking, is that many of these studies are conducted with “healthy” undergraduate university students who display a wide range of “delusional” thinking, thus further underscoring the idea that delusion is universal and is not necessarily indicative of disease. 

So, people develop belief systems to help them make sense of the world, ease anxiety, create identity and meaning, and to provide a sense of protection. When a person has been traumatized (psychologically or physically), has a fractured sense of self, has had their reality chronically invalidated, experiences extreme and confusing internal states, and is alienated and alone, their belief system will develop accordingly. When such a person comes to the conclusion, for instance, that they are God, perhaps this is serving to explain the power such a child had growing up to greatly affect a parental figure, the fear this child had that if he was not “good” enough his parent might die (a normal reaction of a child to a distraught parent), a sense of identity that counter-balances the internal feeling of overwhelming worthlessness, and a sense of purpose or meaning as to why he suffers so. Once such a belief sets in, everything else must be explained in terms of this to protect the belief system; anything that refutes it is either ignored or distorted to maintain the illusion of identity and purpose. The more one challenges said beliefs, the more it triggers self-hatred, increased fear, anxiety, etc, leading one to need that belief even more. 

Isn’t it ironic that we live in a world where “treatment” is focused on precisely that? And then we wonder why so many “patients” never heal? And this remains the case despite the fact that when a strong belief system is directly challenged, almost every human being in existence will react in the same defensive and rigid fashion. 

How “Delusion” Becomes Viewed as “Illness”: Unfortunately, most of what the mental health field bases its assumptions regarding “delusion” and “psychosis” on is individuals who have been referred for mental health services. Once there, they have often been acutely traumatized by the process of involuntary commitment, their immediate presentation is often exacerbated by acute reactions to drugs/alcohol, and they are seen through a prism of biases that, in turn, create iatrogenic behaviors that may not have existed before entering the system in the first place (not to mention the effect of “medications”). Once a belief has been determined “sick” or “delusional”, the actions and attitudes against said person correspond. In turn, the person reacts to this invalidation and injustice in understandably extreme ways. It has been shown with so-called “normal” populations that when there is uncertainty, fear, and a sense of being treated unfair, people will exhibit extreme emotional reactions. So imagine, then, the person who is already terrified and experiencing extreme emotions and then is invalidated and unjustly imprisoned. The person will behave in a manner that confirms the biased beliefs that set off such behaviors in the first place. As R. D. Laing said in “The Divided Self”: “The initial way we see a thing determines all our subsequent dealings with it.” 

Better yet is when professionals assert their descriptions of what “real psychosis” is, based on people who are in their 50s and have been shocked, locked up, and drugged several times a year off and on for decades. The continuum of experience goes unrecognized and the context in which the extreme states have developed go ignored. The iatrogenic effects of the system and the so-called “treatment” is hidden and never spoken of. Even in cases where some attempt is made at meaning-making, the process may be so convoluted due to decades of interwoven associations and beliefs setting in, that the professional might still be “proven right” that no meaning can be made from “delusions.” 

I would venture to state that for many, “delusion” can save from a far worse fate: death of the soul; suicide; annihilation. I know for myself, one of the worst phenomena I’ve experienced is overwhelming internal panic and a chronic need to escape. When I have believed that I must escape a friendship because the person wishes to harm me, or quit a job because all the employees are plotting against me, or I am being haunted within my own home by beings from the netherworld, or I’m being watched by unseen boogiemen, I have found relief; there was something to escape from. When I started to realize that everything I desperately wanted to escape was within me, there was nowhere to go. How does one run away from their self? An alternate reality sometimes is the only escape that results in continued survival. 

In fact, psychosis may not be a “bad” thing at all, but rather the body’s way of healing. Let’s look at it from an evolutionary, human survival perspective. Inflammation, now erroneously considered a disease unto itself, is actually the body’s process of trying to heal itself. We drug it, haphazardly take supplements to decrease it, but when we pay attention, we might find the true disease. It is often stress, poor diet, a virus, an acute injury, and/or a lack of balance within the body that leads to its attempt to heal: inflammation. 

If we just suppress the inflammation without looking at the source, we may get even sicker or even die because we have not found what the body is trying to heal from. Likewise, if we just insist on suppression of the anomalous experiences, dismiss them through terms like “delusion”, and ignore their purpose, the person may get even sicker because we have not found what the body is trying to heal from (which most often is trauma, oppression, a fractured identity, and learned behavior). Sometimes the extreme experiences must be temporarily abated in order to prevent great harm, but in most cases they must be tolerated and understood in order to foster the process of healing. 

What if? Imagine if mental health professionals did not insist upon gaining “insight” (really a euphemism for “believe what I tell you”), “fixing” a “broken brain”, or managing “symptoms.” Imagine if instead we all recognized that there is a reason someone has developed the beliefs they have and that understanding the suffering underneath is the key to healing and growth. What if we simply acknowledged a person for having a particular belief system instead of using judgmental qualifying terms like “delusion”? Mental health professionals have stopped asking “why” and instead focus so much on “what is wrong.” I believe this has set back any possible advance in the field of human studies because the “what is wrong” is ever-changing so long as the “why” is never addressed. If mental health professionals were to take a moment to view strange beliefs from this perspective, it might lead them to then ask “What happened, or what is happening that makes such beliefs logical?” 

What do the delusions represent, what is the need? This is where intervention may come in. Directly invalidating and negating one’s beliefs is unhelpful and even harmful when they have developed to either protect from an even worse reality or to make sense of chaotic internal experiences. Understanding how they are used and what they represent opens a window into finding the source of pain or confusion. The one thing that is for certain, is that behind almost every so-called mental illness is a person who has little to no compassion for his or her self and likely loathes his or her very being. That is why “treatments” that focus on building true relationships, meaning-making, empowerment, a sense of purpose, calmness, autonomy, and validation are so incredibly powerful. 

We all must strive to foster compassion on all levels. Building compassion comes from moving beyond our ego-centric viewpoints and understanding those with whom we disagree or do not understand the most. The truth is that we all live with some delusion. The NYT articles are just 2 examples of how delusions exist on a large societal level. Perhaps this whole blog is in some way a delusion. Maybe I don’t have a clue what I’m talking about. But… what if I do? At the end of the day, really, all any of us can do is our best to hold our beliefs lightly and be wary of what we think we know, while respecting and trying to understand that which we don’t. “

"How It Really Is"

 

"US Special Forces Raid and Capture CIA Server Farm in Frankfurt, Germany?"

Skip to 1:00 to avoid the commercial.
"US Special Forces Raid and Capture CIA 
Server Farm in Frankfurt, Germany?"

"Reports indicate that a large contingent of Delta Force personnel engaged CIA operatives in a huge fire fight at the CIA server farm in Frankfurt, Germany. Casualties included 5 Delta Force soldiers and 1 CIA operative dead, before the server farm was secured and the servers removed. Despite the expected denials otherwise this appears to have been a factual event."
A must read:
Securing the actual servers which were used 
in this massive fraud as evidence gives credence to this report.
If this event actually occurred, and it appears that it did,
 the reasons are here:

“The Attempted Coup Of The US Presidency Revealed”


Additional sources:
Draw your own conclusions after verifying or disproving this report. 
Please comment below, including active links that support your conclusion.
"Oh what a tangled web we weave, when first we practice to deceive!"
- Sir Walter Scott, from his 1808 poem "Marmion"
“I see you stand like greyhounds in the slips,
Straining upon the start. The game's afoot…”
- William Shakespeare, “King Henry V,”  Act 3. Scene I

Saturday, November 28, 2020

"Dark Winter Has Begun: Millions Of Americans Are Expected To Lose Their Homes"

"Dark Winter Has Begun: 
Millions Of Americans Are Expected To Lose Their Homes"
by Epic Economist

"The worst economic catastrophe that ever happened in the U.S. since the Great Depression of the 1930s continues to leave millions of workers jobless, and coping with food and housing insecurity. A very dark winter is arriving for the American working-poor, one that will likely lead 6 million households to homelessness. Latest studies forecast that a tidal wave of evictions could push up to 40 million people to the streets as soon as the CDC's eviction moratorium expires on January 1st. 

As rental delinquencies continue to soar, landlords are already filing eviction requests, and in the absence of further federal aid, deep-in-debt renters might end up in the streets in the coldest season of the year when a highly contagious respiratory infection is rapidly spreading and fatally affecting hundreds of thousands of Americans. For that reason, in this video, we expose one of the most tragic and calamitous situations our citizens are about to face. 

The U.S. Census Bureau conducted a survey that found that up to 6 million households are on the brink of eviction or foreclosure. As soon as the CDC's eviction moratorium expires on January 1st,  32.5% of the 17.8 million adults currently behind rent or mortgage payments could be pushed to the streets. Additionally, according to research by the Aspen Institute, nearly 40 million Americans could face eviction over the next several months. 

Considering that the CARES Act is set to expire on December 31st, 12 million workers are about to lose access to their emergency unemployment benefits, consequently they will likely become unable to afford their rental payments and add to the already colossal rate of delinquent renters. Also, a recent Bank of America report indicated that the end of the assistance could be a drag of up to 1.5% to growth in 2021 first-quarter. 

The eviction moratorium, mortgage forbearance programs, and suspension of student loan payments have helped to ease the financial stress of the American working-poor. The most worrying effect that will be brought by the expiration of the many CARES programs is the removal of financial safety nets for them. 

The flawed CDC protections haven't actually stopped landlords from expelling families to try to find paying renters, because eventually, someone has to pay for this immense debt. That is to say, the CDC's policy doesn't translate into debt forgiveness, and billions in back rent and late fees piled up throughout the current economic recession, and now the alarming rates of default are also acting as a catalyst to the severe housing crisis that started to unfold this year. Nevertheless, the biggest suffering isn't being experienced by big corporations, private equity, and banks but by average Americans.

Millions of them could potentially end up on the streets very soon. However, this complex problem could be solved with simple measures, but economists are arguing that the new administration may not look at this issue with the urgency needed. After meeting with corporate executives, Democratic President-elect Joe Biden clarified in his speech that the top concern that will be addressed as the first action of his mandate is “to get the economy back on track”. 

Not once did he mentioned a pressing need to stop the spread of the virus, feed the hungry, provide relief, or house the homeless. He didn't make any declarations regarding a renewal of the unemployment benefits in the CARES Act or extending eviction moratoriums. That's because, no matter who enters the White House, all policies target ensuring the flow of profits to big corporations and Wall Street. 

At the end of the day, both parties see unemployment benefits as a “disincentive” for workers to get back on low-paying jobs amid a raging sanitary outbreak. But the only real solution to this rental crisis and many other financial crisis Americans are undergoing is more assistance from the federal government. That means the issuance of stimulus money that instead of getting swallowed by the financial markets actually assists people to pay off their debt. 

If renters have money to pay off their landlords, this tidal wave of evictions could be stopped. Eviction is an expensive, frustrating, and emotionally fraught step that damages both renters and landlords, particularly considering that finding a replacement paying tenant amid a deteriorating economic collapse can be incredibly hard.

Unfortunately, millions are soon going to be caught up by this unprecedented catastrophe that is about to leave our citizens on the streets, vulnerable to a fatal disease, and in the middle of a tragic hunger crisis. And all of it could have been avoided."

Musical Interlude: 2002, "Memory of the Sky"

2002, "Memory of the Sky"

"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. 

 Click image for larger size.
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.”

"All Sins..."

"All sins, of course, deserve to be treated with mercy: we all do what we can, and life is too hard and too cruel for us to condemn anyone for failing in this area. Does anyone know what he himself would do if faced with the worst, and how much truth could he bear under such circumstances?" 
- Andre Comte-Sponville
Joe South, "Walk A Mile In My Shoes"

The Poet: Rainer Maria Rilke, "I Want A Lot"

"I Want A Lot"

"You see, I want a lot.
Perhaps I want everything:
the darkness that comes with every infinite fall
and the shivering blaze of every step up.

So many live on and want nothing,
and are raised to the rank of prince
by the slippery ease of their light judgments.
But what you love to see are faces
that so work and feel thirst...

You have not grown old, and it is not too late
to dive into your increasing depths
where life calmly gives out its own secret."

- Rainer Maria Rilke

The Daily "Near You?"

Weatherford, Texas, USA. Thanks for stopping by!

"The Cure For Boredom..."

Paulo Coelho, "The Water Pitcher"

"The Water Pitcher"
by Paulo Coelho 

"A legend tells of a man who used to carry water every day to his village, using two large pitchers tied on either end of a piece of wood, which he placed across his shoulders. One of the pitchers was older than the other and was full of small cracks; every time the man came back along the path to his house, half of the water was lost. For two years, the man made the same journey. The younger pitcher was always very proud of the way it did its work and was sure that it was up to the task for which it had been created, while the other pitcher was mortally ashamed that it could carry out only half its task, even though it knew that the cracks were the result of long years of work.

So ashamed was the old pitcher that, one day, while the man was preparing to fill it up with water from the well, it decided to speak to him. "I wish to apologize because, due to my age, you only manage to take home half the water you fill me with, and thus quench only half the thirst awaiting you in your house."

The man smiled and said: "When we go back, be sure to take a careful look at the path." The pitcher did as the man asked and noticed many flowers and plants growing along one side of the path. "Do you see how much more beautiful nature is on your side of the road?" the man remarked. "I knew you had cracks, but I decided to take advantage of them. I sowed vegetables and flowers there, and you always watered them. I've picked dozens of roses to decorate my house, and my children have had lettuce, cabbage and onions to eat. If you were not the way you are, I could never have done this. We all, at some point, grow old and acquire other qualities, and these can always be turned to good advantage."

“How are things going, Joe?”

“You go up to a man, and you say, “How are things going, Joe?” and he says, “Oh fine, fine… couldn’t be better.” And you look into his eyes, and you see things really couldn’t be much worse. When you get right down to it, everybody’s having a perfectly lousy time of it, and I mean everybody. And the hell of it is, nothing seems to help much.”
- Kurt Vonnegut

"Moral Decay Leads to Collapse"

"Moral Decay Leads to Collapse"
by Charles Hugh Smith

"
A very strong case can be made that America is now a moral cesspool. Consider just three cases: Jeffrey Epstein, the CEO of Pfizer and JPMorgan Chase.



Sadly, Epstein is the epitome of America's elite: getting away with abusing children for years, if not decades; when finally caught a few years ago, escaping with a legal wrist-slap; acquiring a fortune of $200 million without creating any jobs, innovations or value; buying his way into the good graces of Harvard, MIT and a seemingly endless parade of celebrities, politicians, scientists, etc.



And very par for the course in America's elite: Epstein's crimes were known by America's intelligence and law enforcement agencies, but rather than indict him, they made him an "intelligence asset" that had to protected from exposure to the consequences of the rule of law. 

When some tiny sliver of light was shed on his decades of blatant corruption and exploitation, a sliver that implicated the wealthy and powerful, then Epstein was dispatched in classic Deep State fashion, in a manner that speaks volumes about the banana "republic" nature of America.



Pfizer's CEO arranged a massive sale of Pfizer stock and then timed the release of overhyped vaccine data to maximize his private gains.

 Nothing illegal here, just another example of what I call legalized looting. 



JPMorgan Chase manipulated markets to maximize its gains, and its $1 billion fine is just the cost of doing business in a pervasively corrupt society and economy. Nobody ever goes to prison for these billion-dollar skims, scams, frauds amd embezzlements; financial criminals get a get out of jail free card with every crime.



These three examples are just a few of thousands of examples of insider skimming and gaming the system, abuse of power, fraud, pay-to-play, embezzlement, racketeering and other forms of corruption that enrich the few at the expense of the many.

 Whenever I mention America's moral decay, somebody is always quick to discount the decay with cliches such as "there's always been corruption" or "it's human nature, you'll never get rid of it."

 These pathetically flimsy excuses mask the reality that America's moral decay has reached extremes that eventually trigger collapse in the financial, social and political realms.

 

The decay of civic virtue and the social contract is so gradual that only the few who recall specific set-points from previous generations even notice the advancing rot.

 A third of the Roman Senate was killed in combat during the disastrous defeat at Cannae; can we imagine a third of the U.S. Senate putting their own lives at risk? No, we cannot; that level of sacrifice is unthinkable in America today. The protected elites have no real skin in the game. The consequences of their mismanagement fall on the unprotected many.



Can we imagine the two eldest sons of a present-day political scion volunteering for combat overseas, with one killed in combat and the other severely wounded? (Joe Kennedy, Jr. and John F. Kennedy in World War II.) Such elite sacrifice is unimaginable in today's America.

As for the social contract: to saddle young people with highly uncertain prospects with $1.7 trillion in student loan debt would have been unimaginable, If not criminal, two generations ago. 

Now this ruthless exploitation of students - in essence, punitive debt-serfdom that enriches the wealthiest few who own the student loans - is now the norm. Parasitic elites sucking the powerless dry is now the status quo in America.

This academic paper (via A.P.) sheds light on the severe consequences of moral decay: "Moral Collapse and State Failure: A View From the Past".

 In summary, the authors examined premodern states/empires with an eye on socio-economic systems that generated a social environment which provided real benefits to citizens via a moral code and good government practices.

 (I would include the early Tang and Song dynasties in China of examples of such systems that were not democratic but which offered a judiciary of recourse, investment in infrastructure and other forms of public good, rule of law and social mobility.)



Yes, elite corruption is ever-present, but good governance requires limiting elite corruption as part of the social contract in which citizens support the state (paying taxes, etc.) because the state provides for the common good.

 The authors point out that citizens expect relatively little of autocracies in the way of public good because the citizenry know the autocracy is a self-serving, corrupt elite. But governments that earned the consent of the governed by providing for the common good are held to a higher standard. 



When the moral code that requires service to the public good decays, the legitimacy of the state collapses. Here is a quote from the paper:

 "Moral failure of the leadership in this social setting brings calamity because the state's lifeblood - its citizen-produced resource-base - is threatened when there is loss of confidence in the state, which brings in its wake social division, strife, flight, and a reduced motivation to comply with tax obligations.

 In the resulting weakened fiscal economy, services that citizens have come to depend on fail, including public goods and administrative control of corruption.

 

To realize and sustain good government is especially difficult owing in large part to the importance of shared moral obligations between citizens and the state. "

In other words, a strict moral code that requires elites to devote resources and leadership for the public good is the critical foundation of the entire social, economic and political order. When this moral code decays, the state and its elites both lose legitimacy and the consent of the governed.

 Put another way: once the elites have decayed to exploitive, self-serving, profiteering parasites, the public has no interest in supporting the state or its elites. Rather, they will cheer the collapse and ruin of the parasitic elites.

 

The explosive rise of elites' wealth and power in the past few decades has been documented and charted, and I've repeatedly posted charts showing that virtually all the real income gains of the past 20 years have flowed to the top 0.1%. This RAND study found that America's elites siphoned $50 trillion into their own pockets in the past two generations: "Trends in Income From 1975 to 2018."

 

This is the chilling summation of America's terminal moral decay from "Moral Collapse and State Failure: A View From the Past": 

"Many citizens perceive that they have little stake in what should be a democratic society.

 

Decline in citizen confidence is compounded by a great economic transition in the US, a U-turn over the last five decades in wealth and income inequalities.

These economic shifts are undergirded by a new ethos and practices that enshrine shareholder value, personal freedom, nepotism, cronyism, the comingling of state and personal resources, and narcissistic aggrandizement in ways rarely seen in the early history of our Republic."



Our national claim of moral superiority is no longer plausible: America is a moral cesspool that cannot be drained."

"How It Really Is"

 

You didn't really think you'd ever see any of that, did you?

"'A Horrifying Future' - WEF's Vision For A Post-COVID World"

"'A Horrifying Future' - 
WEF's Vision For A Post-COVID World"
by Peter Koenig

"The World Economic Forum (WEF) has just published (October 2020) a so-called White Paper, entitled “Resetting the Future of Work Agenda – in a Post-Covid World”. This 31-page document reads like a blueprint on how to “execute” – because an execution (or implementation) would be – “Covid-19 – The Great Reset” (July 2020), by Klaus Schwab, founder and CEO (since the foundation of the WEF in 1974) and his associate Thierry Malleret.

They call “Resetting the Future” a White Paper, meaning it’s not quite a final version. It is a draft of sorts, a trial balloon, to measure people’s reactions. It reads indeed like an executioner’s tale. Many people may not read it – have no awareness of its existence. If they did, they would go up in arms and fight this latest totalitarian blueprint, offered to the world by the WEF.

It promises a horrifying future to some 80%-plus of the (surviving) population. George Orwell’s “1984” reads like a benign fantasy, as compared to what the WEF has in mind for humanity. The time frame is ten years – by 2030 – the UN agenda 2021 – 2030 should be implemented."

The complete, and absolutely MUST READ article is here:

"'Life Won't Ever Be Completely Normal Again' - Renowned Infection/Immunity Expert Warns COVID Is Not Going Away"

"'Life Won't Ever Be Completely Normal Again' - 
Renowned Infection/Immunity Expert Warns COVID Is Not Going Away"
by Damir Mujezinovic

"In a Thursday interview with Spanish newspaper El Pais, Dr. Ian Lipkin, director of the Center for Infection and Immunity at Columbia’s Mailman School of Public Health, said that the novel coronavirus may never go away. Per Newsweek, which published a translation of the interview, Lipkin said that the public will have to adapt and learn how to “live the rest of our lives with this virus.” “It is going to be a recurring problem. I don’t think life will ever be completely normal again.”

Lipkin said that it is likely future generations will be vaccinated against COVID-19, but noted that additional booster doses may be necessary. The expert described the progress in vaccine development as “staggering,” suggesting that vaccines developed by Moderna and Pfizer will be able to significantly reduce the spread of the virus. However, Lipkin pointed out that there could be logistical challenges and that distribution will not be easy. “We will be able to distribute these vaccines in most of Europe and the U.S. But getting them to developing countries will be a daunting challenge,” he said.

Pfizer and BioNTech announced earlier this month that their candidate is 95 percent effective at stopping coronavirus, while Moderna said that its mRNA-1273 had an efficacy of 94.5 percent. However, neither of the vaccines can be stored at standard refrigeration temperatures, which could be a major issue in some parts of the world. Achieving “global group immunity” is the end goal, according to Lipkin, who explained that between 60 and 80 percent of the world’s population needs to be immune before normalcy is restored.

Governments across the globe have implemented public health measures to curb the spread of coronavirus, some more successfully than others. China, where the virus is thought to have originated, has been very successful in controlling the pandemic.

Lipkin - who assisted the Chinese government during the 2003 SARS epidemic and advised Saudi Arabia during the MERS outbreak - suggested that it is unrealistic to expect western governments to achieve the same results. “In China, if the government decides to do something, it is done. It is not like in Spain or the United States where there can be debate about confinements and closures,” he said. The expert concluded the interview on a more optimistic note, saying that the coronavirus crisis “has also demonstrated our ability to respond with science, compassion and a common goal.”

According to the population data site Worldometers, more than 61 million coronavirus cases have been recorded in the world so far and nearly 1.5 million people have died from complications caused by the disease."

Friday, November 27, 2020

"WalMart Abuse; The Crash Will Be Biblical; Americans Keep Spending; Massive Debt Bubbles"

Jeremiah Babe,
"WalMart Abuse; The Crash Will Be Biblical; 
Americans Keep Spending; Massive Debt Bubbles"
Related:
"This is it! The party is over. The world is now facing the gravest economic and social downturn in Modern Times (18th century). We are now entering a period of global crisis that will change the world for a very long time to come. This should come as no surprise to the people who have studied history and also read my articles for the last few years. Many others have also warned about the same thing. But since MSM never talks about the excesses in the world or the risks, 99.9% of people are totally unprepared for what is coming next.

The coming downturn will not take 40 years. When bubbles burst, everything unravels very quickly. It could take say 3-7 years for the Dow to come down 90% or more. In 1929-32 it took less than 3 years for the Dow to fall 90%. And the situation today is much more serious when it comes to overvaluations, debts, deficits etc.

So the coming economic downturn will see all bubble assets like stocks, bonds and property decline at least 90% in real terms. But although markets might bottom within say the next 5 years, the world economy might go along the bottom for a very long time, which could be decades. As always, historians will let the world know afterwards the extent of the coming downturn."
- Egon von Greyerz,

"A Perfect Storm Is Brewing: Stock Market Crash Like No Other Coming In Weeks Or Months"

"A Perfect Storm Is Brewing: 
Stock Market Crash Like No Other Coming In Weeks Or Months"
by Epic Economist

"A catastrophic stock market crash is on the horizon. A new analysis pointed out that stocks can collapse 40% by April and will not rebound for decades. Many determinants will be crucial to prompt the burst of this major bubble, which has been fueled by mass bankruptcies and debt delinquencies. The economic deterioration and the ongoing developments of the health crisis might add extra pressure to the financial markets in the coming months. And it seems there's no way to avoid a major correction to the overpriced assets that have taken the lead of the markets recently. That's why, in this video, we gathered the latest expert's and economist's assessments for the next stock market crash. 

Despite having recovered from all of its bear market losses and hit new highs, the S&P 500 still has several challenges to deal with, particularly now that more businesses are falling apart every day. That's why market strategists have been arguing that the near all-time high S&P 500 valuation is unsustainable. Even with the arrival of a vaccine, the wounds opened on the economy throughout this recession aren't going to heal overnight. 

Some may argue that the doomsday predictions for a crash never come through, but the market has been silently crashing all along. Many catalysts were set in place during this crisis, and have been quietly sparking a market deterioration that is being constantly mended by the Federal Reserve's stimulus relief. Since Jay Powell stated that the Fed will do "whatever it takes" not to let the stock market crash, which would consequently make the whole economy implode, several investors have been blindingly relying on the Fed's promises, but there is only so much liquidity that could effectively avert a market catastrophe.

However, the U.S. stock market is a house of cards and there's a limit to what can be done to keep the market away from its natural fluctuations. Pumping money on it endlessly isn't a viable option, despite what the Fed says. At some point, credit will run dry and the market will inevitably go down to its correction level. What we should all be wondering is how long do we have before the U.S. debases all its credit and loses all its credibility. Every country that has ever passed that breaking point has sunken into a dramatic crisis.

With the continual emission of Quantitative Easing, the system will only become more fragile and more dependent on liquidity to mend the gaps brought by its inherent volatility. Any major catalyst that comes into play can tear apart the whole progress that has been solely based upon speculation and break the liquidity spell.

The fact is that they can try to avoid the downfall and print as much money as it takes to fill in the market gaps. But, in essence, nothing can impede the crash from happening. Historical evidences are also signaling that a stock market crash 2.0 is imminent. Even though investment advisors always highlight that that past performance is no guarantee of future results, history has a way of repeating itself on Wall Street. Every single recovery from a bear market bottom has been marked by one or two significant declines. And, in most of the cases, these crashes or corrections occurred way before the three-year mark was up.

By looking beyond rallies from a bear market bottom, we can see how regular crashes and corrections truly are. Of course, history alone cannot be able to precisely tell us when a market crash will happen, but it can show us how unexceptional it is for investor sentiment to suddenly change on Wall Street. Right now, many determinants can operate this shift fairly quickly. With the CBOE Volatility Index largely above its standards and the secular multi-year stock market decline beginning right after December, ending the cyclical bull market for equities, experts say that a 40% correction is expected to happen by April. 

Mass bankruptcies are likely to put the stock market over the edge. Financial stocks, which are the anchors of the U.S. economy, are inclined to struggle in face of lower interest income and increasing loan delinquencies. Meanwhile, stocks are being priced for perfection. Simply put, such high speculative valuations are assuming that an effective vaccine will be widely distributed and Congress and the Fed will eventually make a comeback and launch trillions more in liquidity. But for that to happen, every step of the way has to unfold smoothly. Needless to say, that it's quite an unrealistic idea. The reality is that another stock market crash is inevitable."

Musical Interlude: 2002, "Realms of Splendor"

2002, "Realms of Splendor"

"A Look to the Heavens"

“Sculpted by stellar winds and radiation, a magnificent interstellar dust cloud by chance has assumed this recognizable shape. Fittingly named the Horsehead Nebula, it is some 1,500 light-years distant, embedded in the vast Orion cloud complex.

 
About five light-years "tall", the dark cloud is cataloged as Barnard 33 and is visible only because its obscuring dust is silhouetted against the glowing red emission nebula IC 434. Stars are forming within the dark cloud. Contrasting blue reflection nebula NGC 2023, surrounding a hot, young star, is at the lower left. The gorgeous color image combines both narrowband and broadband images recorded using three different telescopes.”

The Poet: Rainer Maria Rilke, "A Walk"

"A Walk"

"My eyes already touch the sunny hill,
going far ahead of the road I have begun.
So we are grasped by what we cannot grasp;
it has inner light, even from a distance -
and changes us, even if we do not reach it,
into something else, which, hardly sensing it,
we already are; a gesture waves us on
answering our own wave...
but what we feel is the wind in our faces."

- Rainer Maria Rilke