Friday, June 18, 2021

"At the Mercy of the Foxes"

"At the Mercy of the Foxes"
by Bill Bonner

YOUGHAL, IRELAND – Our subject today has a little of everything – ambition… betrayal… idealism… cynicism… democracy… revolution… corruption… you name it! But today’s setting is not the USA. Still, we will turn to the U.S. media for a big surprise, before taking up our parable.

Here’s a rare event… where the reporter got the story almost right. The Hill: "Biden Approaches Economic Point of No Return." "…Inflation grew by 5 percent last month, the sharpest increase in 13 years. American families have noticed, with prices of gas, building materials, cars and food shooting upward significantly. Inflation is a scourge with a simple solution, but one the Biden administration feels it cannot afford: cutting spending and money-printing at the Federal Reserve. The latest inflation numbers are a blaring red warning sign that is both valuable and honest - it is the last point in which President Biden can put the brakes on before the specter of 10 percent (or higher) inflation."

The elite control the government. And most of the money the feds print goes to them. Giving it up would mean huge losses. Stock and bond prices would be cut in half, as money-printing and rate-rigging came to an end… Earnings would be reduced, too, as boondoggle programs were trimmed back.

And now, so much of the economy has come to count on ultra-low interest rates and stimmy money, the feds can’t “taper” off. Instead, they have to provide more and more fake money… until the whole system blows up. Inflate and Die, in other words.

Cunning Foxes: A return to “normal” won’t happen voluntarily. But once you have corrupted your economy and your political system, it almost never does. And so, we come to our marvelous story. What a delight! It caresses our cynicism so tenderly… and demonstrates our theory of government.

In a small, early democracy – like a New England town – a government may be run “for the people” and “by the people.” But in a larger setting, it doesn’t take long before a small group gets control. They are the people the great Italian economist, Vilfredo Pareto, called “the foxes.” They manipulate elections… They “sponsor” candidates… They run for office or lobby the legislators… promise pay-offs, contracts, and giveaways… and control the media and the bureaucracy themselves. They become a more or less permanent “deep state”… using the government itself to keep themselves in power. Usually, the process is hidden behind empty slogans and claptrap politics. But sometimes, it becomes as plain as day.

Pacific Paradise: And so it has… in the bright sun of the Central American isthmus between Costa Rica and Honduras… between the Pacific and the Gulf of Mexico… somewhere between paradise and Hell. There, on the Pacific coast of Nicaragua, where the sea breezes keep the temperature from getting too hot… we’ve had a vacation house for many years. The location is stunningly beautiful. The people are charming, gentle, and nice. And it is far enough from the capital, Managua, to avoid getting involved in politics. Surfers surf… fishermen fish… retirees lounge by the pool… and neighbors gather in the evening to watch the fat, tropical ball sink into the vast Pacific…

But in Managua, the president – Daniel Ortega – huddles with his henchmen in his guarded compound… and goes over the list of those he will arrest next. The Wall Street Journal reports: "Daniel Ortega, who is seeking a fourth consecutive term as Nicaragua’s president, has launched a broad campaign of repression, according to analysts, human-rights activists and Western governments."

Iron Circle: Danny Ortega’s clique of insiders – the “iron circle” – is in a trap, too. It has to use naked force in order to stay in power. And the more violence it uses… the more people are appalled… and the more violence it must use to keep them in line. Mr. Ortega was once a world improver, too… fighting, he said, for a freer, fairer society. Had he been in power in the 1960s, he might have taxed banks to support his activist agenda. Instead, he robbed them and was put in the hoosegow in 1967. He stayed in jail for seven years, until 1974, when a group of revolutionaries – called “Sandinistas” – crashed a Christmas cocktail party in fashionable Managua and took hostages. It was in order to liberate the hostages that the dictator of Nicaragua at the time – Anastasio Somoza – agreed to let Daniel Ortega go free. Then, the Sandinistas went on to chase Somoza out of the country.

World Improver Turned Dictator: And after losing power… and then regaining it as a more modest “Christian, Democratic, Socialist” candidate, Mr. Ortega, now 75, holds power… and has become a dictator himself. His family owns the TV stations. Opposition is outlawed. And just to be safe, he recently began arresting everyone who looked as though they might pose a threat – including Hugo Torres.

As Ortega stifled dissent, almost all his old comrades turned against him. Torres was one of the commandos who liberated Ortega from jail and later led the Sandinista army against the American-financed “contras.” But last Sunday, Ortega’s cops closed in. Remarkably, Torres was able to send out a video before they put the cuffs on: "Today’s paradox of life is that someone who abandoned his principles, Daniel Ortega, the man I helped free 46 years ago, is now my captor."

If Mr. Torres had been able to see what was coming, he might have thought twice about joining the Sandinistas in the first place… “Does it really matter who rules Nicaragua?” he might have asked himself. Or, at least, he might have left Daniel Ortega behind bars. Government is never “all of us,” he might have realized. Some rule and some are ruled. The key is not who rules, but how much ruling he can get away with.

Vicious Circle: Mr. Ortega has been ruling – in the name of the people, of course – for the last 14 years. He has no intention of giving up now. Which is okay with us. We don’t much care who rules… or what they call themselves. Democrat. Republican. Sandinista. Communist. It doesn’t matter; we just don’t like anyone telling us what to do.

After working so long and so hard – and robbing banks is dangerous work! – Ortega must figure he deserves whatever power he has gotten. And there’s no reason some jumped-up Democrat should be allowed to take it from him. But the more Ortega rules, the more he must rule, in order to remain the ruler. The poor man is trapped. If he permits a free and fair election, he will most likely be defeated. Then, he will be at the mercy of the foxes, too."

"This Diminutive Stature..."

"The minds of men were gradually reduced to the same level, the fire of genius was extinguished. The name of Poet was almost forgotten; that of Orator was usurped by the sophists. A cloud of critics, of compilers, of commentators, darkened the face of learning, and the decline of genius was soon followed by the corruption of taste. This diminutive stature of mankind was daily sinking below the old standard."
- Edward Gibbon,
"The Decline And Fall of The Roman Empire"
"Beware the irrational, however seductive. Shun the 'transcendent' and all who invite you to subordinate or annihilate yourself. Distrust compassion; prefer dignity for yourself and others. Don't be afraid to be thought arrogant or selfish. Picture all experts as if they were mammals. Never be a spectator of unfairness or stupidity. Seek out argument and disputation for their own sake; the grave will supply plenty of time for silence. Suspect your own motives, and all excuses. Do not live for others any more than you would expect others to live for you."
- Christopher Hitchens

Greg Hunter, "Weekly News Wrap-Up 6/18/21"

"Weekly News Wrap-Up 6/18/21"
by Greg Hunter’s USAWatchdog.com 

"Vice President Biden went to Europe this week for the G-7 and a big meeting with the person Biden called a “killer” aka Vladimir Putin, President of Russia. The G-7 meetings the public was allowed to see showed a weak and mentally lacking Biden. He had cheat sheets to remind him to blame Trump for everything. (I kid you not. There are photos.) His handlers shouted down reporters asking off-script questions, and Biden even started calling President Putin by the name Trump and caught himself mid-word. Biden was exposed as the incompetent and illegitimate imposter, and America suffered for it. President Putin stuck it to Biden in an interview where he called Trump “talented” and “extraordinary” unlike “career man” Biden. Ouch!!! In short, VP Biden’s trip was an unmitigated disaster for “We the People.”

There is more news about the CV19 vaccinations that the mainstream media and RINO’s like Ohio Governor Mike DeWine say are safe. DeWine wants to mandate them and force the experimental jabs on people. He’s the idiot with a lottery to bribe people to get the experimental Jab. The Vax is anything but safe, and the death and injury numbers prove it. That’s not stopping Vax makers from arm twisting to get the Vax totally approved by the FDA. It’s being fought by medical people who have still not been bought off by Big Pharma.

The Fed wants its cake and eat it too. It says inflation is rising, but it will be “transitory.” The Fed says it will start fighting inflation by the end of 2023. Say what? We have inflation, but we will starting fighting it in 2 years??? Meanwhile, the Fed is going to keep pumping out $120 billion a month propping up the repo market. That’s $1.2 trillion of money printing per year just for that alone. This is like telling a drunk you have to stop drinking in two years, and then asking where do you want me to put this case of whiskey?"

Join Greg Hunter on Rumble as he talks about these 
stories and others in the Weekly News Wrap-Up 6/18/21:

Gregory Mannarino, AM 6/18/21: "Out Of Control Inflation, A Currency Crisis, An Economic Freefall, Runaway Central Bank"

Gregory Mannarino, AM 6/18/21:
"Out Of Control Inflation, A Currency Crisis,
 An Economic Freefall, Runaway Central Bank"

"How It Really Is"

 

Gerald Celente, “The Trends Journal", “Interest Rates Rising, Will The Markets Take It?”

“Interest Rates Rising, Will The Markets Take It?”
Gerald Celente, 6/17/21:

“‘The Trends Journal’ is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over hype and propaganda to help subscribers prepare for What’s Next in the increasingly turbulent times."

Strongly language expressed as only Gerald would dare - bravo!
I couldn't agree more! - CP

"Welcome to Hell on Earth, Venice Beach"

Full screen recommended,
Dan, I Allegedly PM 6/17/21:
"Welcome to Hell on Earth, Venice Beach"

“We Are Going To Suffer The Worst Collapse in History; Financial Chaos Guaranteed; Meltdown Has Begun”

Jeremiah Babe, PM 6/17/21:
"We Are Going To Suffer The Worst Collapse in History; 
Financial Chaos Guaranteed; Meltdown Has Begun”

Thursday, June 17, 2021

Musical Interlude: Liquid Mind, "Dream Ten"

Liquid Mind, "Dream Ten"

"A Look to the Heavens"

“Here in the Milky Way galaxy we have astronomical front row seats as M81 and M82 face-off, a mere 12 million light-years away. Locked in a gravitational struggle for the past billion years or so, the two bright galaxies are captured in this deep telescopic snapshot, constructed from 25 hours of image data.
Their most recent close encounter likely resulted in the enhanced spiral arms of M81 (left) and violent star forming regions in M82 so energetic the galaxy glows in X-rays. After repeated passes, in a few billion years only one galaxy will remain. From our perspective, this cosmic moment is seen through a foreground veil of the Milky Way's stars and clouds of dust. Faintly reflecting the foreground starlight, the pervasive dust clouds are relatively unexplored galactic cirrus, or integrated flux nebulae, only a few hundred light-years above the plane of the Milky Way.”
"Dwell on the beauty of life.
Watch the stars, and see yourself running with them."
- Marcus Aurelius

“Taking A Break From What You Are Doing”

“Taking A Break From What You Are Doing”
by Madisyn Taylor, The DailyOM

“Sometimes finding the answer is as easy as taking a break and stepping back from the situation. Sometimes we can get so wrapped up in our thoughts that we wind up going round in round in circles, finding it difficult to concentrate on things and, because we are so distracted, not really accomplishing much. There may be signals - mental, emotional, and physical - that tell us we need to slow down and relax. Since we are so involved in things that are external to us, however, we may easily overlook what is really going on inside of us. It is during these times that we need to step back from the things that occupy our minds and take time out to connect with our inner self, giving our minds, bodies, and spirits the time they need to reenergize and heal.

At first it may seem that by taking a break we may not be as productive as we would initially like. In reality, a healthy period of rest is something that gives us a real sense of the unlimited nature of our true potential. Spending a couple of minutes walking outside, doing a few yoga poses, meditating, or simply becoming attuned to the rising and falling of our breath enables us to let go of our worries. This act brings our focus back to the things that are truly essential for us, such as our sense of oneness with the universe and our inner peace and well-being. As we begin to get in touch with this part of ourselves, we will find that our usual everyday troubles and worries become less critical and that we not only have much more room in our lives to really reflect on the issues that mean the most to us, but we are also able bring to all the situations we encounter a much more positive and healthy outlook.

Giving ourselves respite from our daily concerns is like giving a gift to ourselves. By stepping away from the problems that seem to saturate our thoughts, we lessen the weight of our troubles and instead become more receptive to the wisdom and answers the universe has to offer us.”
"Sometimes, in a summer morning, having taken my accustomed bath, I sat in my sunny doorway from sunrise till noon, rapt in a revery, amidst the pines and hickories and sumachs, in undisturbed solitude and stillness, while the birds sing around or flitted noiseless through the house, until by the sun falling in at my west window, or the noise of some traveller's wagon on the distant highway, I was reminded of the lapse of time. I grew in those seasons like corn in the night, and they were far better than any work of the hands would have been. They were not time subtracted from my life, but so much over and above my usual allowance. I realized what the Orientals mean by contemplation and the forsaking of works. For the most part, I minded not how the hours went. The day advanced as if to light some work of mine; it was morning, and lo, now it is evening, and nothing memorable is accomplished."
- Henry David Thoreau  

"If Only..."

“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

“I Can’t Wait For the Day When Life Finally Makes Sense”

“I Can’t Wait For the Day When Life Finally Makes Sense”
by Rania Naim

 “I can’t wait for the day when life finally makes sense, when we find the silver lining in every tragedy, when we learn the lesson from each mistake and when we understand why our hearts needed to get broken a few times to let love in.

I can’t wait for the day that we understand why we met the right people at the wrong time or the wrong people at the right time and why our lives didn’t align to bring us together. I wonder if it’s because they’re the wrong ones for us or because we still have a lot of growing up to do and we’re meant to be with someone who understand who we’re becoming not who we were.

I can’t wait for the day that we understand the lesson behind every struggle. Why we struggled to be successful, why we struggled to find love, why we struggled to reach our dreams and why we lost people who meant the world to us. I wonder if we needed these lessons to learn how to appreciate life and feel the pain of others or we just needed to learn that there is no living without suffering.

I can’t wait for the day that we understand why we had to hate ourselves to love ourselves, why we had to destroy ourselves to build ourselves up again and why we had to start over just before we got to the finish line. I wonder who saved us or who inspired us to save ourselves.

I wonder if we are meant to be reborn a few times so we can learn how to truly live. I want to know what triggered us to change and how we can no longer recognize who we used to be.

I can’t wait for the day that we understand why we keep falling for the wrong ones over and over again, why we can’t forget those who hurt us and why we sometimes can still forgive them and take them back. I want to understand how our hearts operate, how they function, how they move us to do things we would never do and lead us to places that we know we shouldn’t go to. I’m curious to know why we listen to it, why we follow it blindly like it never got us lost before, why we trust it even though it left us broken and why do we always go back to it for questions when it keeps giving us the wrong answers. I wonder if there will come a day when we stop listening to it and if we’ll ever be truly alive without it.

They say everything happens for a reason and I truly believe that, but I also want to know what this reason is and why it chose us. Why some reasons keep recurring and why some reasons leave us even more perplexed. I want to understand why we go through certain things, what’s the message behind it and what if we never respond to this message, what if we just ignore it and keep living, what will happen then? Will our lives get lost in translation? 

I can’t wait for the day that life makes sense – some days I understand why certain things happened and others I’m not so sure, but all I know is that somehow we’ll connect the dots and someday we’ll complete the puzzle, until then, we have to learn how to live our lives without trying to understand it and we have to learn how to be comfortable with the irony and uncertainty of life; otherwise we’ll lose our common sense trying to make sense of the life we’re living.”

The Daily "Near You?"

Tel Aviv, Israel. Thanks for stopping by!

"Protect Yourself From Inflation"

"Protect Yourself From Inflation"
by Bill Bonner

"The arithmetic makes it plain that inflation is a far more 
devastating tax than anything that has been enacted by our legislatures."
- Warren Buffett, 
in Fortune magazine, 1977

YOUGHAL, IRELAND – "Yesterday, a dear reader asked how the average Joe can “get a leg up” in a dangerous and difficult world? It won’t be easy. Here’s the latest mouthful from Bloomberg: "Fed Officials Rattle Rate-Hike Saber as Price Pressures Surprise" What Bloomberg is trying to say is that the Federal Reserve is hinting that it might… possibly… perhaps... raise rates.

Wednesday’s Fed forecast suggested that two increases are likely in 2023; none before. In other words, it said nothing. It could raise rates twice… three times… four times… even 10 times… and still be well below the level of consumer price increases. Which is to say, the Fed is now “behind the curve”… following the trend of events, not leading it… and hopelessly stuck in an Inflate and Die trap. But that is just to say that the “average Joe” should prepare now: Consumer prices will probably continue to rise. And if not now… later.

Price Crime: So let’s look at the leg we’re trying to get up. Most people get their income from selling their time. A man with a backhoe can dig a trench faster than 10 men with shovels. The capital – the backhoe – is what makes a man’s time more valuable. But inflation takes away the backhoe. Here’s Warren Buffett to explain: "High rates of inflation create a tax on capital that makes much corporate investment unwise – at least if measured by the criterion of a positive real investment return to owners."

Remember, there are two sources of price increases. One is natural, normal, and honest… caused by changing economic circumstances and signaling a real change of value – like the invention of the backhoe. The other is phony – a product of the Fed’s money-printing.

We have no quarrel with higher prices – if they’re the first kind. But the second kind are a scam, designed to mislead, confuse, and ultimately defraud. It is a crime perpetrated by the feds. Naturally, it favors the feds themselves and the elite, the top 10% of Americans they represent. They’re not going to rip themselves off. It’s the others – the less well-off 90% of the population – that gets robbed.

Time Lag: And it’s been going on a long time. Earnings for people in elite industries – medical care, education, media, defense, Wall Street, and government itself – have all gone up smartly over the last 30 years. Those for people in manufacturing, construction, mining, hospitality, and other uncool industries – where they produce real goods and services – have been mostly flat. And now, as inflation increases, so will the rip-off.

As we explored yesterday, wage increases don’t keep up with price increases. Prices rise daily… weekly… monthly. Wages tend to be adjusted more slowly – on an annual basis… and in response to the previous year’s inflation. The wage-earner inevitably falls behind. The same is true for people who get Social Security; the adjustments lag the damage.

False Premise: But the whole idea of the Fed’s intentional inflation was a scam from the get-go… Going back to the mid-20th century, economists noticed something they called the Phillips Curve. It purported to reveal that as inflation rose, workers got higher wages and suffered less unemployment. This was shown to be false in the stagflation of the 1970s. But the “stimmy” fantasy survived. And the feds still claim they can stimulate the economy by inflating it with fake money. They even set an annual inflation target – 2% – as if they knew exactly how much a bar of soap should cost. The idea is laughable. But it still guides Fed policy.

Official Rip Off: Even before the 1970s, the French economist Jacques Rueff, explained the real reason the Phillips Curve was nonsense… and why inflation was so harmful to the working classes. As prices rise, the relative cost of an hour of labor goes down. As labor becomes cheaper, the demand for it increases. In other words, inflation only seemed to benefit the proletariat because it made the working man poorer! And now, ripping him off is official policy – intentional, deliberate, and disastrous. The government is spending trillions it doesn’t have. The Fed is printing the cash to cover the deficits. And the costs will fall – principally – on the masses.

The elite are better able to protect themselves. They own property. And stocks. Their jobs, too, are more secure. They are also more sophisticated financially, and can move their money into inflation-resistant assets. The shrewdest of them may take advantage of the chaos to buy valuable assets at discount prices. (As the inflation crisis deepens, however, even many of the elite will suffer as their incomes fail to keep pace. That – when it no longer pays for the elite – will mark the beginning of the end of the inflation cycle.)

Ideal Investment: But what can you do to safeguard your wealth while prices spiral? We mentioned real estate yesterday. At today’s low interest rates, a rental unit could turn out to be a very profitable asset. As prices rise, you should be able to raise the rent. And your fixed mortgage payments will become more and more affordable. But real estate requires attention and work – which might not be practical.

As for stocks, energy companies typically do well in an inflationary period. They already have their rigs and refineries in place, so there’s little extra cost to keeping the juice flowing. And they can increase prices without causing a significant drop in consumption. That’s why energy is on the buy side of our Trade of the Decade.

[Paid-up Bonner-Denning Letter subscribers can read all about Bill’s latest Trade of the Decade here. To subscribe, click here. And colleague Tom Dyson has created a model portfolio of energy-related stocks for his Tom’s Portfolio subscribers. To subscribe, click here.]

Infrastructure businesses may be even better. Toll roads. Hospitals. Airports. They have pricing power… and relatively little need for further investment. What you want for your business investments is the same thing you want for yourself – a steady, reliable stream of income with no need to spend more money to get it. The ideal investment may be in a “royalty” or “streaming” company. These are businesses that own the rights to a stream of income – from, say, gold mining – but are not actively mining themselves. As the price of gold goes up, their revenues increase in value, while they have few offsetting costs.

The Boy Scouts’ Motto: But money is only a part of it. Inflation discombobulates a society. People get confused… distracted. They feel betrayed. They don’t know who to trust or what to believe. Our colleague Dan Denning emphasizes the need to be prepared socially and psychologically… as well as financially.

You want to be in a place where you are comfortable and safe, where you are as little exposed to chaos and rising prices as possible. You may not be able to increase your income; your time may become less valuable. So use your time to make yourself more independent. Plant a garden. Rick up some firewood. Sit on the porch and read our book, Win-Win or Lose. Buy gold. Sell bonds. Be happy. Amor fati."

Gregory Mannarino, AM 6/17/21: "And Again... The Economic Meltdown Is Worsening. Important Updates"

Gregory Mannarino, AM 6/17/21:
"And Again... The Economic Meltdown Is Worsening.
Important Updates"

"The Test..."

"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function. One should, for example, be able to see that things are hopeless and yet be determined to make them otherwise."
- F. Scott Fitzgerald

"Unthinkable Thoughts"

"Unthinkable Thoughts"
by Josh Mitteldorf

"This is not what I enjoy writing about, but as I find dark thoughts creeping into my consciousness, perhaps it is better to put them on paper with supporting logic and invite my readers to help me clarify the reasoning and, perhaps, to point a way out of the darkness.

Already in January, 2020, two ideas about COVID were emerging. One is that there were people and institutions who seemed to have anticipated the event, and were planning for it for a long time. Gates, Fauci, the World Economic Forum, and Johns Hopkins School of Medicine were among the prescient. (I credit the (now deleted) videos of Spiro Skouras.) Second was the genetic evidence suggesting that COVID had a laboratory origin. Funders of the scientific establishment have lost their bid to ridicule this idea, and it has now leaked into the mainstream, where it is fused with the classical yellow peril propaganda: “China did it!”. I have cited evidence that America is likely equally culpable.

The confluence of these two themes suggests the dark logic that I take for my topic today: Those who knew in advance, not only that there would be a pandemic but that it would be a Coronavirus, were actually responsible for engineering this pandemic.

Immediately, I think: How could people capable of such sociopathic enormities be occupying the most powerful circles of the world’s elite? And what would be their motivation? I don’t have answers to these questions, and I will leave speculation to others. But there’s one attractive answer that I find less compelling: that it’s a money-maker for the large and criminal pharmaceutical industry. The new mRNA vaccines are already the most profitable drugs in history, but I think that shutdown of world economies, assassinations of world leaders, deep corruption of science, and full-spectrum control of the mainstream narrative imply a larger power base than can plausibly be commanded by the pharma industry.

Instead, I’ll try to follow the scientific and medical implications of the hypothesis that COVID is a bioweapon.

The Spike Protein: The spike protein is the part of the virus structure that interfaces with the host cell. SARS 1 and SARS 2 viruses both have spike proteins that bind to a human cell receptor called ACE-2, common in lung cells but also present in other parts of the body. Binding to the cell’s ACE-2 receptor is like the wolf knocking at the door of Little Red Riding Hood’s grandmother. “Hello, grandmama. I’m your granddaughter. Please let me in.” The virus is a wolf wearing a red cape and hood, pretends to be an ACE-2 enzyme molecule seeking entrance to the cell.

In order to enter the cell, the virus must break off from the spike protein and leave it at the doorstep, so to speak. This is an important and difficult step, as it turns out. Unique to the SARS-CoV-2 virus is a trick for making the separation. Just at the edge of the protein is a furin cleavage site. Furin is an enzyme that snips protein molecules, and it is common in our bodies, with legitimate metabolic uses. A furin cleavage site is a string of 4 particular amino acids that calls to furin, “hey — come over here. I’m a protein that needs snipping.”

The most compelling evidence for a laboratory origin of COVID is that coronaviruses don’t have furin cleavage sites, and until last year, this trick has never evolved naturally.
Click image for larger size.

How we think about natural disease: The classical understanding of a viral or bacterial disease is this: A parasite is an organism that uses the host’s resources for its own reproduction. It is evolved to reproduce efficiently. If it has co-evolved with the host, it may be evolved to spare the host’s health, or even to promote it, because this is the optimal long-term strategy for any predator or parasite. But newly-emerged parasites can do well for awhile even if they disable or kill their hosts, and this is the kind of disease that is most damaging to us. The damage is done because the (young) virus’s strategy is to reproduce rapidly and disperse itself into the environment where it can find new hosts. The virus has no interest in harming the host, and was not evolved to this end, but this is a side-effect of commandeering the body’s resources for its own reproduction.

How engineered diseases can be different: A bioweapon virus is designed to cause a certain kind of harm. 

* What kind of harm? It depends on the projected use for the weapon.
* Doesn’t the virus have to reproduce? Probably, for most weapon applications; but a bioweapon is not necessarily designed for rapid reproduction. A bioweapon can be designed as a “sleeper” to remain dormant for months or years, or to cause incremental disability over a long period.

If COVID had evolved naturally, we would expect that its spike protein would be adapted to mate well with the human ACE-2 receptor. There’s no reason to suspect it being otherwise biologically active. But if COVID is engineered, it may be that the spike protein itself has been designed to make us sick.

One reason this is significant is that the vaccines have all been designed around the spike protein, assuming that the spike protein were metabolically neutral. If the virus had been naturally evolved, this is a reasonable assumption. But if it came from a laboratory (whether it leaked or was deliberately released) the spike protein might be actually be the agent of damage. There are several reasons to suspect that this is the case.

The Spike Protein as an Active Pathogen: Back in February, 2020, this article noted that the spike protein was not perfectly optimized to bind to human ACE-2 and put this forward as an proof that “SARS-CoV-2 is not a purposefully manipulated virus.” But if someone were designing the virus to cause harm, the spike protein would be a convenient locus for the damage vector, so the spike might have been designed with twin purposes in mind, binding and toxicity. The spike protein appears in many copies around the “crown” of the coronavirus. Since each copy has a furin cleavage site at its base, many spike proteins will break off into the bloodstream. We now have several reports and hypotheses concerning the spike protein as an active agent of damage. The spike protein is suspected of causing blood clots, of inducing long-lasting neurological damage, and of causing infertility. Many anecdotes describe injuries to un-vaccinated people who have been in close proximity to vaccinated, prompting speculation about “shedding” the spike protein.

“Individuals with COVID-19 experience a vast number of neurological symptoms, such as headaches, ataxia, impaired consciousness, hallucinations, stroke and cerebral hemorrhage. But autopsy studies have yet to find clear evidence of destructive viral invasion into patients’ brains, pushing researchers to consider alternative explanations of how SARS-CoV-2 causes neurological symptoms….

If not viral infection, what else could be causing injury to distant organs associated with COVID-19? The most likely culprit that has been identified is the COVID-19 spike protein released from the outer shell of the virus into circulation. Research cited below* has documented that the viral spike protein is able to initiate a cascade of events that triggers damage to distant organs in COVID-19 patients.

Worryingly, several studies have found that the spike proteins alone have the capacity to cause widespread injury throughout the body, without any evidence of virus. What makes this finding so disturbing is that the COVID-19 mRNA vaccines manufactured by Moderna and Pfizer and currently being administered throughout the U.S. program our cells to manufacture this same coronavirus spike protein as a way to trigger our bodies to produce antibodies to the virus.” [Global Research article, Feb 2021]

Note: the Astra-Zeneca and J&J vaccines are also based on the spike protein, and cause the spike protein to be created in the vaccinated person.

* “Research cited below” refers to this study in Nature which reports that the spike protein, injected into mice, crosses into the brain, where it causes neurological damage.

Bigger news came just this week from a study in which researchers from California’s Salk Institute collaborated with Chinese virologists. They have found that the bare spike protein without the virus (injected in mice) can cause damaged arteries of the kind that lead to heart disease and strokes in humans. The original paper was published in Circulation Research, and the Salk Institute issued a news report describing the research.

One of the most credible dangers of the spike protein involves fertility. None of the vaccines were tested in pregnant women, and yet many government and other authorities are recommending it as safe for pregnant women. VAERS has reported 174 miscarriages to date after COVID vaccination. VAERS is notoriously underreported. I find the anecdotes less concerning than the fact that no one is taking this seriously, and research is being actively discouraged in the best-respected science journals.

There is a credible mechanism, in that the spike protein is partially homologous to syncytin. Syncytin, in fact, was originally a retroviral protein, inserted into the mammalian genome many aeons ago, and evolved over the ages to play an essential role in reproduction, binding the placenta to the fetus. An immune response that attacks syncytin might be expected to be impose a danger of spontaneous abortion. In any ordinary times, this would be a subject that medical researchers would jump on, with animal tests and field surveys to assess the danger. But these are no ordinary times, and the risk is being dismissed on theoretical grounds without investigation. This is especially suspicious in the context of history: a Gates Foundation vaccination program in 1995 was allegedly promoted to young women, causing infertility. (Yes, I know there are many fact-checkers eager to “debunk” this story, but I don’t find them convincing, and some of these fact-checkers are compromised by Gates funding.)

Even doing what the spike protein is supposed to do — tying up ACE2 — can be a problem for our lungs and arteries, which are routinely protected by ACE2.

The most dangerous possibility, suspected but not verified, is that the spike protein causes a prion cascade. Prions are paradoxical pathogens, in that they are misfolded proteins that cause misfolded proteins. Their evolutionary etiology is utterly mysterious, so much so that it took Stanley Prusiner a decade after describing the biology of prions before the scientific community would take prion biochemistry seriously. But prions make potent bioweapons, which laboratories can design outside of natural evolutionary dynamics. The possibility of prion-like structures in the spike protein was noted very early in the pandemic based on a computational study. This recent review combines theoretical, laboratory, and observational evidence to make a case for caution. Once again, I find it disturbing that this possibility is being dismissed on theoretical grounds rather than investigated in the lab and the field.

Where did the idea come from that all vaccines are automatically safe? Why do so many journalists dismiss the suggestion that vaccines should be placebo-tested individually, like all other drugs? Why has it become routine to ridicule and denigrate scientists who ask questions about vaccine safety as politically-motivated luddites, or “anti-vaxxers”? How did we get to a situation where the “precautionary principle” means pressuring young people who are at almost no risk for serious COVID to accept a vaccine which has not been fully tested or approved? I don’t have answers, but I do know who benefits from this culture.

Putting together all the evidence:
• Knowledge beforehand.
• Suppression of treatments and cures.
• Toxicity of the spike protein which, if it had been made by nature, should have been benign.
• Inclusion of the toxic spike protein in the vaccines that are supposed to protect us.
• Heavy promotion of these scantily-tested vaccines and
• Censorship of scientists and doctors who question the vaccines’ safety.

Putting together all this evidence, it is difficult to escape the inference that powerful people and organizations have engineered this pandemic with deadly intent."
Related, Must Read! 
"Everyone Vaccinated For Covid Will DIE, Warns French Virologist"

"There is no chance of long-term survival for anyone who received a Wuhan coronavirus (Covid-19) injection, according to leading French virologist Luc Montagnier. Everyone who is getting jabbed for the Chinese Virus will die, he reportedly stated during a recent interview, which you can watch at Brighteon.com. “There is no hope and no possible treatment for those who have already been vaccinated,” Montagnier stated plainly during the segment. “We must be prepared to cremate the bodies.” After studying at length the ingredients contained in the injections and what they do, Montagnier came to the conclusion that every single person who gets the shot will eventually die from antibody-dependent enhancement, or ADE. “That is all that can be said,” he added."
Full article here:
"The prestigious Salk Institute, founded by vaccine pioneer Jonas Salk, has authored and published a bombshell scientific article revealing that the SARS-CoV-2 spike protein is what’s actually causing vascular damage in covid patients and covid vaccine recipients, promoting the strokes, heart attacks, migraines, blood clots and other harmful reactions that have already killed thousands of Americans (source: VAERS.hhs.gov)."

Critically, all four covid vaccine brands currently in widespread use either inject patients with the spike protein or, via mRNA technology, instruct the patient’s own body to manufacture spike proteins and release them into their own blood. This floods the patient’s body with the very spike protein that the Salk Institute has now identified as the smoking gun cause of vascular damage and related events (such as blood clots, which are killing many people who take the vaccines). "Put simply, it means the vaccines were designed to contain the very element that’s killing people."
Full article:

Excerpt: “Executives are having their HR staff and their managers, superintendents, floormen, etc., go through and look at the staff that have received the vaccines, and they’re planning on having to replace them all within the next three years. What does that say to you?” The woman does not name herself, but does claim that she runs a company that works in succession planning. We are taking her word for it, but it does resonate with what French virologist and Nobel Laureate Luc Montagnier recently admitted about what will happen to jabbed people within the next few years. View Brighteon video in article.

“It’s got some of these guys literally in tears as they’re going through the company and literally checking off all of these individuals who have taken the vaccine, knowing that most likely within the next three years they’re going to have to replace that person,” the woman adds. “This is a really big thing in the industry that I’m in. These massive gas and oil companies are looking to have to replace thousands of personnel.”

"How It Really Is"

 

Wednesday, June 16, 2021

Must Watch! “Ominous Times Ahead; Consumer Is Broke; Eviction Crisis; Food Lines Return”

Jeremiah Babe, PM 6/16/21:
“Ominous Times Ahead; Consumer Is Broke; 
Eviction Crisis; Food Lines Return”

"Michael "Big Short" Burry: This Is The Greatest Bubble Of All Time In All Things"

Full screen recommended.
"Michael "Big Short" Burry: 
This Is The Greatest Bubble Of All Time In All Things"
by Epic Economist

"This week, none other than legendary investor Michael Burry made a comeback on his Twitter account to share another apocalyptic warning about overvalued markets and the epic asset bubble burst that is about to be triggered by rampant inflation and higher interest rates. Earlier this year, the investor alerted that the U.S. was on the path to face Weimar-like hyperinflation, he argued that government monetary policies were "inviting inflation" by adding trillions of stimulus money to the financial markets, overlooking the national debt, and fueling consumer demand in times when employee and supply chain costs have been skyrocketing. Burry argued that America will face a major paradigm shift that can only be compared to what happened to Germany in the 1920s. And up until this point, his forecast is seeming worryingly accurate.

During that period, Germany's markets and businesses were booming, just as we're seeing happening in the U.S. right now, with the demand for goods and assets much greater than the available supply, leading prices to all-time highs. Like the dollar today, the exchange rate of the mark against other currencies rose for quite a while, and there was a short span - right on inflation's eve - in which the mark was actually considered the strongest currency in the world. And while the government fueled the markets' progress during that time, side by side with the wealth were the pockets of poverty. Similar to what we have been witnessing since the beginning of the health-crisis-induced economic recession, back then, many fortunes arose overnight, while the cities remained plagued by turbulence and chaos.

The similarities don't stop quite there, since Germany saw its strong currency suddenly become worthless in face of a major inflationary collapse. At that time, authorities have enabled the inflation cycle to run for years, and Burry indicated that's exactly what the U.S. government is currently doing, especially now that "dollars are falling from the sky" and management teams are having the opportunity to get creative and take more risk by paying out debt-financed dividends to investors or investing in risky growth opportunities, which, in his view, "has beaten a frugal mentality - hands down."

All of which led to Burry's latest tweet warning yesterday: "People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble Of All Time In All Things. By two orders of magnitude. #FlyingPigs360," he wrote. The hashtag was a reference to a popular saying in investing: "Bulls make money, bears make money, but pigs get slaughtered." Burry has repeatedly alerted that investors that are being too greedy, speculating wildly, taking on too much risk, and expecting unrealistic returns.

His latest tweets echoed many of his other cautions. He compared the hype surrounding bitcoin, Tesla cars, and meme stocks to the dot-com and housing bubbles. A couple of months ago, he said that the stock market was "dancing on a knife's edge," and amongst the factors he sees as signs of an imminent new crash are rising investors' debt to leverage their positions, and "out of control speculation". On Monday, he resumed tweeting and on Tuesday morning, he warned of the biggest market bubble in history, suggesting that his worries about growing inflation and speculation only grew during his 10-week hiatus from social media.

The latest market data shows that the investor's warnings are likely accurate, as the market valuation rose to unprecedented levels, in line with what was seen in 2000 and among the highest ever recorded. Today, valuation metrics point to an extraordinarily overvalued market - for instance, equity value to GDP stands at the highest level since the 1950s while the Wilshire 5000 Total Market Index to GDP ratio hit a record high. The most frequent catalyst of a bubble burst throughout history has been rising inflation and interest rates, and as Burry fears, there's no way to turn around an inflationary collapse.

As for the housing market, it seems that the national average doesn’t do justice to the absurdities seen in specific housing markets. In Boise, Idaho, housing prices skyrocketed 37% year-over-year. The national average might not be as high, but it's crazy enough. House prices soared nearly 17% from a year ago, the biggest increase since December 2005, on the eve before it all started to fall apart in 2006. Needless to say, this will not end well, especially considering that the housing market is extremely vulnerable to rising interest rates. With inflationary pressures mounting and increasingly more warnings making the headlines every day, it's safe to say that just as all prior bubbles, this too will burst - and we may be closer to that event than we think."

Gregory Mannarino, PM 6/16/21: "100% Proof That The Economy Is Collapsing And The FED Is Buying It All"

Gregory Mannarino, PM 6/16/21:
"100% Proof That The Economy Is Collapsing
 And The FED Is Buying It All"

Moby, "Why Does My Heart Feel So Bad" (Ben-E.dit)

Full screen recommended.
Moby, 
"Why Does My Heart Feel So Bad" (Ben-E.dit)

"A Look to the Heavens"

“While drifting through the cosmos, a magnificent interstellar dust cloud became sculpted by stellar winds and radiation to assume a recognizable shape. Fittingly named the Horsehead Nebula, it is embedded in the vast and complex Orion Nebula (M42). A potentially rewarding but difficult object to view personally with a small telescope, the above gorgeously detailed image was recently taken in infrared light by the orbiting Hubble Space Telescope in honor of the 23rd anniversary of Hubble's launch. 

The dark molecular cloud, roughly 1,500 light years distant, is cataloged as Barnard 33 and is seen above primarily because it is backlit by the nearby massive star Sigma Orionis. The Horsehead Nebula will slowly shift its apparent shape over the next few million years and will eventually be destroyed by the high energy starlight.”

The Poet: Rolf Jacobsen, "When They Sleep"

"When They Sleep"

"All people are children when they sleep.
There's no war in them then.
They open their hands and breathe
in that quiet rhythm heaven has given them.
They pucker their lips like small children
and open their hands halfway,
soldiers and statesmen, servants and masters.
The stars stand guard
and a haze veils the sky,
a few hours when no one will do anybody harm.
If only we could speak to one another then
when our hearts are half-open flowers.
Words like golden bees
would drift in.
God, teach me the language of sleep."

- Rolf Jacobsen,
"The Roads Have Come to an End Now"

"Actually..."

"I'd been in hairier situations than this one. Actually, it's sort of depressing, thinking how many times I'd been in them. But if experience had taught me anything, it was this: No matter how screwed up things are, they can get a whole lot worse."
- Jim Butcher
Dig your way out, they said...

The Daily "Near You?"

Camberwell, Southwark, United Kingdom. Thanks for stopping by!

"The Masses Will Pay the Price"

"The Masses Will Pay the Price"
by Bill Bonner

YOUGHAL, IRELAND – "We’re in a rush this morning. No time to write a short message. We’ll have to send you a long one. First, here’s Business Insider with a news update: "Michael Burry said markets were in a bubble of unprecedented scale. The “Big Short” investor tweeted his dire warning after a 10-week break from Twitter. Burry has flagged reckless speculation on Tesla stock, bitcoin, and other assets. “People always ask me what is going on in the markets,” the investor tweeted. “It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude. #FlyingPigs360.”

Meanwhile, a dear reader in Canada, Luke K., sees inflation in action: "Hi Bill, inflation is definitely here. And it came with a massive bang. Our pool heater went on the fritz the other day. We called to have a heater technician come by for an inspection from our local pool company. $349 Canadian for one hour of his time. To clean the heater and get it going. Parts extra.

Instead, we called a private individual. Showed me the part that needed replacing. A small circuit board that might cost $10 to build. Local shops, and online ones, were selling the card for $600 CAD. After the tech left (which cost me $100 for his visit), I removed the card from the heater and found a spider had touched two live leads on the other side and virtually exploded all over the circuit board. Cleaned the card with a toothbrush and reinserted. Heater was working again. Best $100 I ever spent. As for new heaters? $2500 (used to be $1000-$1500) and not a SINGLE ONE in the entire city. Backordered until July. Welcome to the beginnings of hyperinflation!"

That’s a shocker! We didn’t even know they had swimming pools in Canada.

No Choice: Another dear reader, Patricia M., wonders what to do: "I’m a very new investor in the stock market. I’m astounded at what I’ve learned in just nine months on the scene, which is that there’s no rhyme or reason to investing in stocks. I know I’m failing to protect myself and my family, but there doesn’t seem to be much I can do to turn the tables without having an awful lot of money! I can see something really huge coming down the pike. I think I understand most of it; I’ve been reading like there’s no tomorrow, just trying to learn how to play. But every time I turn around, up pops another story to complicate, obfuscate, misdirect, and so on.

So, my big question is: How does an average Joe get a leg up on this situation? Between Wall Street, governments, the International Monetary Fund (IMF), the 1%ers, and whoever else is “IN” the game, I don’t believe life will ever again make sense. I used to be an optimist, but how can one remain optimistic in a world that one just can’t relate? I just can’t see a positive outcome for the masses."

You’re right. There’s not going to be any positive outcome for the masses. The game is rigged against them. The feds (representing the entire elite of the U.S.) cannot expect to get much more from them in taxes. And their savings are not enough to cover the deficits. Now, as we told you yesterday, its Inflate AND Die… meaning, the feds have no choice. They have to print money. And this means the masses will pay – via consumer price inflation.

Dangerous Time: But let’s try to be helpful. What should a normal person do to protect himself and increase his wealth? The quick answer: The normal person, in a normal time, should do the normal thing. But this is no normal time. It’s a freaky… weird… and head-scratching time. And a very dangerous time. But we still have to start with the basics.

The trouble with the average Joe is that he has only his time to sell. And the trouble with his time is that even in normal times, it may not be worth very much. It depends on what he does with it. The average wage is about $25 an hour. So, if he works 40 hours, he makes $1,000 per week. If he does that for a full year, after taxes, he ends up with about $40,000. That’s not going to take him very far…

If he is a skilled professional, on the other hand – an accountant, dentist, surgeon, lawyer, engineer, or architect – he should do better. He might net out (after fixed office costs, insurance, and fees) $100 an hour. This would give him $200,000 a year… which might then be reduced to, say, $150,000 after taxes.

The trouble with time is that it is not scalable. Each hour clicks by exactly like the hour before it. And the hourly worker – no matter how skilled – cannot make more of it. So, selling his time, the average Joe cannot increase his earnings easily. He has to take some of his earnings and put them into something that is scalable…

Too Little, Too Late: Investing, for example. He might, for example, buy a rundown house… fix it up on weekends… and rent it out. The house might go up in price, while he is collecting a decent rent. Then, he might be able to borrow against the equity in order to buy another house. That is classic scaling. It works as long as he doesn’t get stuck with too much debt… and empty houses.

This approach also has the advantage of offering some protection against inflation. Typically, people try to escape inflation by buying real estate – something solid that won’t lose value. This pushes up property prices. Plus, the landlord can raise rents to try to keep up with his rising costs. But the poor renter is squeezed. He struggles to keep his wages in line with price increases. But he falls behind… the salary adjustments don’t come fast enough. They’re too little and too late. Inflation makes time less valuable! Not only because the average wage-earner can’t keep up… but also because it destroys capital – which is what gives value to time.

Unhealthy Economy: In a healthy economy, people save… and invest their money to try to earn more money. They start businesses and hire workers. Wages go up. But in an inflationary economy, nobody wants to save. Capital gets frittered away on meme stocksNFTsdogecoin… overpriced zombie companies… gambling… super yachts… and government boondoggles. An air of Sha… na… na… Live for today takes hold. And then it turns grim… and the masses are robbed. We’ll be back tomorrow with more helpful comments!"

"If We Have No Idea..."

“If we have no idea what we believe in, we’ll go along with anything. 
Truth takes courage. Courage to stand up for what we believe in.
 Not necessarily in a confrontational way, but in a gentle yet firm way. 
Like an oak tree, able to sway gently in the wind, but strongly rooted to the ground.”
- A.C. Ping