Jeremiah Babe, PM 7/22/21:
"Federal Printing Press Is Overheating;
Financial System Is Toxic - Get Out! Job Losses Spike; Real Estate"
So, we rise from the rubble...
Thursday, July 22, 2021
Gerald Celente, PM 7/22/21: "Trends In The News"
Full screen recommended.
Gerald Celente, PM 7/22/21:
"Trends In The News"
"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 ahead."
"Brave New World"
"Brave New World"
By Bill Bonner
"The vast majority of the experts, including Wall Street, are suggesting that it’s highly unlikely that long-term inflation is going to get out of hand."
– Joe Biden
NORMANDY, FRANCE – "Aren’t we silly, Dear Reader, fussing over inflation? As if we were threatened by a terrible scourge… As if the Huns were at the gates of the city, ready to rape and pillage all within. Well, we can relax. We have it on the highest authority in the world… America’s Numero Uno… jefe de todos los jefes…the brightest star in the whole firmament of Heaven (at least according to democratic theory)… that inflation is nothing to worry about. It’s not going to “get out of hand,” says POTUS.
Yes, the latest readings are shocking. Here’s MarketWatch: "Federal Reserve Chairman Jerome Powell and many economists were surprised by how much inflation has accelerated. May and June prices, as measured by the consumer price index, were up at 8% and 11.4% annual rates over their prior months."
And yes… with a $3 trillion federal deficit to finance… central banks all over the planet “supporting” their economies with more “liquidity”… and the yield on the 10-year Treasury bond sinking (signaling stagflation ahead)…a person with some residual common sense might be alarmed. “Whoa…” he might say. “Time for a rethink.”
Collateral Damage: Fortunately for the authorities, thanks to public schools, Facebook, TV, Republicans, Democrats, and mainstream media… there’s not many people with common sense left. And those remaining who can still think at all can see that the situation is completely hopeless. So there’s no reason to get worked up about it.
Ultimately, inflation is just a very pernicious and corrosive form of taxation. It ruins the economy and corrupts the society; it reduces real economic output and makes people poorer. But these are just collateral damage. The important thing is that it permits the feds to do things the public is unwilling to pay for. And Joe Biden is right; inflation is not “getting out of hand.” Just the opposite. The authorities have a firm grip on it. And they intend to use it… like a sledgehammer on an egg.
Agenda of the Governing Class: Coming into focus, more clearly here in Europe than in the U.S., is the metastasizing agenda of the governing class (GC). Emboldened by its new power (it shut down much of the world’s economy)… enriched by printing new money (an estimated $27 trillion was put into service in the last 18 months)… and enamored with its own list of fantasies…it aims to bring its hammer down hard.
It’s no longer enough just to keep the party going, as we hypothesized yesterday. Nor is it enough to merely shift wealth, power, and status to itself, as every GC does. Nor will it suffice to make a fairer, better, safer world, as it claims to want to do. And certainly not a richer world, either… though that, too, is a pretense for many of its actions.
Nope. Now, the ruling elite intends to use its new power to create a new world. Here’s the quote from European Central Bank head, Christine Lagarde, that we showed you last week: "As the pandemic passes, we need to shift the focus from preserving the economy to transforming it. This will require us to redirect spending by both public and private sectors towards the green and digital sectors of the future."
Brave New World: Ms. Lagarde has no more idea what’s coming down the pike than we do. She doesn’t mean to prepare for the future… but to warp it so it suits her. In a free and honest world, an economy serves the people and adapts as their needs and desires change. How much they want to work… what they want to buy… how much they save… how much they invent – they decide for themselves.
But in this Brave New World, the economy – guided and controlled by central bankers and treasury chiefs – will be brought into service to do, not what the people want, but what the GC wants. That is, it will not respond to the many… but to the few who control its money… and its laws. What this new world will look like exactly, we don’t know. But we don’t think you’re going to like it. More to come…"
"The Truth..."
"In the last few years, the very idea of telling the truth, the whole truth,
and nothing but the truth is dredged up only as a final resort when the
alternative options of deception, threat and bribery have all been exhausted."
- Michael Musto
"Jab Remorse" (Excerpt)
"Jab Remorse" (Excerpt)
By Bill Sardi
"So, now you are vaccinated against COVID-19. 40 trillion packages of RNA have been injected that induce irreversible changes in your blood vessels. Now what?
Depending upon which source of information you believe, your life is in the balance if you make the wrong decision about COVID-19 vaccination. A problem with what I write today is that the information below, which is essential to know to maintain health following COVID-19 vaccination, may induce more fear and anxiety, which is what is driving the pandemic and the misdirected decisions over COVID-19 vaccination. I’ll explain more about this below.
According to Our World Data as of July 20, 2021, 161 million Americans are fully vaccinated out of a population of ~328 million (49.1%). It is difficult to understand why anyone would immunize, not with a vaccine, but a 5-times gain-of-function bioweapon, which is what the COVID-19 RNA/DNA vaccines are. But the news media is running a fright campaign that causes people to make health decisions out of fear.
Trillions of spike protein gene packages released: Immediately following vaccination trillions of gene packages will be released from the deltoid muscle where the vaccine needle entered your arm, and will end up wreaking havoc in your blood vessels.
Canadian cardiologist Dr. Charles Hoffe explains the blood clotting threat these vaccines pose: “The blood clots we hear about which the media claim are very rare are the big blood clots which are the ones that cause strokes and show up on CT scans, MRI, etc. The clots I’m talking about are microscopic and too small to find on any scan. They can thus only be detected using the D-dimer test.”
More than half of Dr. Hoffe’s patients had abnormal D-dimer tests after an COVID-19 RNA shot. A D-dimer test measures the amount of degraded fibrin in the blood, that along with blood platelets, seals wounds. Dr. Hoffe warns these micro-clots harm tissues in the brain, lungs, spinal cord and heart, tissues and organs that cannot not regenerate. Permanent damage results.
Dr. Hoffe (paraphrased): “When the COVID-vaccine is injected into your arm, we now know that only 25% stays in your arm (deltoid muscle) and the other 75% is literally collected by the lymphatic system and fed into the blood circulation. These packages of messenger RNA, in a single dose of Moderna vaccine, for example, there are 40 trillion of these messenger RNA packages injected into your system. These particles absorb into blood capillaries. (Capillaries are the connectors between the red hoses –(arteries) and the blue hoses (veins).
The body detects these gene packages which enter the cells and each gene can generate spike proteins. Your blood vessel system is abnormally turned into a spike protein-making factory. Your body recognizes these spike proteins as foreign and makes antibodies against them. Spike protein then permanently becomes part of the cell wall that lines your blood vessels (called the vascular endothelium).
These spiky proteins stick out, white blood cells (lymphocytes) and antibodies arrive which then attracts blood platelets to form a clot around them. These spike proteins can be revealed by a D—dimer test which will reveal these micro-clots. The D-dimer test only reveals recently-formed micro-clots.
Critics say clots are rare among post-vaccine patients, but those are the large clots that result in strokes and heart attacks. According to Dr. Hoffe, a D-dimer test within 4-7 days of vaccination shows 62% of RNA-vaccine immunized patients have an abnormal D-dimer test. These patients become breathless easily.
Your heart now pumps harder to push blood through these blocked capillaries, says Dr. Hoffe. This induces right-sided heart failure within 3 years. (FYI: The left side of the heart pumps oxygenated blood to the body’s organs and tissues; the right side of the heart accepts de-oxygenated blood and pumps it through the lungs so hemoglobin in red blood cells can attach to oxygen and transport it to the left side of the heart; people with right-sided heart failure typically report symptoms of awakening at night with shortness of breath, shortness of breath when exercising, coughing, wheezing, dizziness, fatigue, lack of concentration, lack of appetite, nausea, sudden weight gain, fluid retention in ankles and legs.)
This is of terrifying concern. The worst is yet to come says Dr. Hoffe. The damage will be cumulative with each shot. Revaccination becomes potentially life threatening.
A noted microbiologist reigns in to educate vaccinated patients: Microbiologist Dr. Sucharit Bhakdi displays what is happening in a visual online graphic. The RNA injected into your body are going to enter the cells that line blood vessels. He points to spiny spike protein that these cells will generate and protrude outwards to attract blood platelets and form micro-clots. Days after vaccination, white blood cells known as lymphocytes as well as antibodies will begin to mount an attack against these cells. If you dare to repeat this (get the second jab), “God help you” warns Dr. Bhakdi."
Please view this complete article here:
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An absolute MUST READ:
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Gregory Mannarino, AM 7/22/21: "This Economy 'By Design' Free-Fall Is Worsening And Leading To An Epic End!"
Gregory Mannarino, AM 7/22/21:
"This Economy 'By Design' Free-Fall Is
Worsening And Leading To An Epic End!"
Greg Hunter, "Reset Means Crash of Epic Proportions - David Stockman"
"Reset Means Crash of Epic Proportions - David Stockman"
By Greg Hunter’s USAWatchdog.com
"Reagan White House Budget Director and best-selling author David Stockman says, “This is not the time to be invested in the markets. A reset is just a pleasant name or a clinical name for a crash of epic proportions, which we will have because the markets are so inflated. There are trillions of dollars that are at risk. To put a dimension on this thing or a way of sizing this, is we have a $60 trillion bubble on the balance sheets of 130 million people in American society, but especially in the top 5% to 10% that own a huge share of the assets. I have no thought about how big the correction will be, but if it were just back to the norm it would be a $60 trillion correction, and that is a pretty big hole in the bucket. If $60 trillion disappears (out of the U.S. economy), it changes everything. It turns the financial system and economic reality upside down.”
How did things get so perilous in the economy? Stockman says look no further than Washington D.C. and the Fed. Stockman explains, “When central banks start to inflate like crazy, you first inflate financial assets. It eventually works its way into goods and services, and that’s where we are now. You get the second stage of inflation as well. There has never been a small group of government officials, unelected at that, who have done more damage, more wanton harm to the economy and to the lives of ordinary people than (Fed Head) Powell and his merry band of mad money printers. This is really an outrage. I say these people are damn near criminally incompetent given what they say about the world, which is totally wrong, given what they’re doing, this massive money printing, which is totally unjustified.”
Stockman thinks there will be a “50% to 75% correction in the financial markets.” Stockman contends, “The only asset that has held its value over time is gold.” Stockman recommends everybody should be holding some gold as insurance against the coming “reset.”
In closing, Stockman warns, “Preserve your assets. This is the last moment in time to be greedy or aggressive or to be overly optimistic about the future. The future is being driven by the policy makers. The whole system is being run by Washington. The Federal Reserve totally dominates the financial markets. The Fed has printed $6.5 billion a day for the past 688 days. They have printed more money in the last 688 days than the Fed did in the first century of its existence.”
Join Greg Hunter on Rumble as he goes One-on-One with
best-selling author and financial expert David Stockman.
(There is much more in the 45 minute interview.)
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Related:
Wednesday, July 21, 2021
"Panic At Sea: 100,000 Sailors Stuck At Cargo Ships As Global Shipping Crisis Goes From Bad To Worse"
Full screen recommended.
"Panic At Sea: 100,000 Sailors Stuck At Cargo Ships
As Global Shipping Crisis Goes From Bad To Worse"
by Epic Economist
"The explosion in consumer demand over the past year and a half was the trigger of the ongoing global shipping crisis. There was some hope demand for goods would ease this year, but up until now, it has stayed at record highs. On the other hand, wait times have never been longer and the logistical nightmare faced by global supply chains seems to have no clear end in sight. Experts are now predicting that it will take at least another year before the shipping crisis starts to stabilize. However, the uncontrolled spread of the new virus variant and the slower pace of staff vaccination may jeopardize that forecast. Unfortunately, this means also the worst is yet to come. Supply chains are about to face many more disruptions and consumers will have to deal with extensive shortages from now on.
The backlog at ports is a problem that has only been intensified since March 2020, compounded by a challenge that definitely won’t be solved in the next five to six months: increasingly large container ships, and ports that haven’t been remodeled to accommodate the gigantic vessels. In fact, the Port of Los Angeles just recorded its busiest month in history, with over 1 million shipping containers waiting to get unloaded. To make matters worse, a shortage of port workers and the unprecedented volume of cargo are overwhelming longshoremen and seafarers who are having to work for months beyond their contracted lines.
At this point, the crew change is severely worsening, with thousands of workers trapped at sea for over a year. "I've seen grown men cry," revealed Captain Tejinder Singh, who hasn't set foot on dry land in almost a year and isn't even sure when he'll finally go home. "We are forgotten and taken for granted," he said in an interview with Reuters. At least one hundred thousand workers are stranded at sea as the Delta variant rapidly spreads onshore. The Maritime Labour Convention highlighted that that the maximum continuous period a seafarer should serve on board a vessel without leave is 11 months, but many thousands of crew have now been at sea for over 16 months. “The situation is going from bad to worse. We need more than lip service from governments, we need concrete action that allows crew changes to be carried out in a safe manner,” stressed Stephen Cotton, general secretary, International Transport Workers’ Federation.
With virus outbreaks occurring on ships and endangering the lives of marine workers, further disruptions on trade are expected, according to a new Bloomberg report. On the flip side, another 100,000 are stuck on shore, unable to board the ships they need to earn a living on. Can you even imagine the nightmare of being stuck at sea for over a year? According to the United Nations, the situation is quickly evolving into a major humanitarian crisis. Given that only 2.5% of seafarers have been vaccinated, the vast majority of them are not allowed to go back home.
An imminent labor crunch could halt global shipping indefinitely and threaten the operations of global supply chains for months. Keeping in mind that the global economy is heavily dependent on the world's almost two million seafarers who operate the global fleet of merchant ships, which transport around 90% of the world's trade, the aggravation of this crisis also poses a major threat to the US supply chains. We are extremely reliant on exports to keep our economy up and running. Everything - from oil to iron, to food and electronics - either comes or is processed overseas. According to Insider's Rachel Premack, this also means that American consumers should brace for yet higher prices and shortages of many products.
As chaos sweeps across global supply chains, we might be headed to a holiday season of empty shelves yet again. Right now, the international shipping crisis is deepening the financial pain faced by our producers as U.S. agricultural exports are seeing their shipping times increase dramatically. The imbalances between supply and demand are only intensifying global supply chain woes. And this crisis will only truly ebb when demand does. “The import level we’ve seen in the past year is astronomical and not something that our infrastructure can handle,” as Premack laid out. This is a tumultuous and unprecedented time, and we all should start getting prepared for the imminent chaos while we still can because there are serious threats emerging on the horizon."
Musical Interlude: Deuter, "Music of the Night: East of The Full Moon"
Full screen recommended.
Deuter, "Music of the Night: East of The Full Moon"
"A Look to the Heavens"
“Here is one of the largest objects that anyone will ever see on the sky. Each of these fuzzy blobs is a galaxy, together making up the Perseus Cluster, one of the closest clusters of galaxies. The cluster is seen through a foreground of faint stars in our own Milky Way Galaxy.
Near the cluster center, roughly 250 million light-years away, is the cluster's dominant galaxy NGC 1275, seen above as a large galaxy on the image left. A prodigious source of x-rays and radio emission, NGC 1275 accretes matter as gas and galaxies fall into it. The Perseus Cluster of Galaxies, also cataloged as Abell 426, is part of the Pisces-Perseus supercluster spanning over 15 degrees and containing over 1,000 galaxies. At the distance of NGC 1275, this view covers about 15 million light-years.”
“This Is Reality - Businesses Ain’t Coming Back; Banks Will Steal Your Home; Don’t Hire Zombies”
Jeremiah Babe, PM 7/21/21:
“This Is Reality - Businesses Ain’t Coming Back;
Banks Will Steal Your Home; Don’t Hire Zombies”
Gregory Mannarino, PM 7/21/21: "Crude Oil SURGES Higher And The FReAk ShOW Stock Market Gains Again!"
Gregory Mannarino, PM 7/21/21:
"Crude Oil SURGES Higher And
The FReAk ShOW Stock Market Gains Again!"
"Time to Grab an Umbrella"
"Time to Grab an Umbrella"
by Brian Maher
"Heavy weather barreled through Wall Street Monday - beneath the weatherman’s detection - and gave investors a savage drenching. Squalling rains washed away 925 points from the Dow Jones Industrial Average… before relenting late in the day. High pressure, high skies and high expectations were back yesterday. The Dow Jones reclaimed 536 points. It took back another 286 points today.
Once again… all is peace. Yahoo! Finance: "Stocks opened higher on Wednesday, following a session in which investors... cast aside their fears that a resurgence of COVID-19 cases might derail a red-hot economic recovery, as strong earnings provided a ballast to beaten-down markets." Strong earnings? "A batch of encouraging second-quarter earnings on Wednesday from industry bellwethers Coca-Cola (KO), Johnson & Johnson (JNJ) and Verizon (VZ) gave investors reason to focus on the fundamentals. All three companies topped market expectations, converging with sentiment that drove Tuesday's rally."
Just so. Yet, we are not half so convinced the weather will hold.
Conditions Are Too Good: The barometric pressure has risen to delirious levels, unsustainable levels. The pressure in the gauge cannot sustain. Mr. Robert Shiller’s famous CAPE ratio for the S&P 500 goes at 38.19 - a near-record. 16 is about par.
Stocks were only pricier prior to the hell storm of 2000. Not even the peak roars of the 1920s approached today’s extravagances. CAPE came in at 32.56 before the Crash of ‘29. Again… today the CAPE ratio goes at 38.19. The S&P - argues Mr. Shiller - is presently more expensive than in 96% of all previous quarters, 141 years running. But might today’s valuations outdo even their 2000 records?
Even More Insane Than 2000: Mr. Fred Hickey, editor of The High-Tech Strategist, argues they do. But the Federal Reserve’s false fireworks blind the vision: "This market is insanely overpriced. The price-to-sales ratio for the S&P 500 is at 3x. That’s 30% above the peak of 2000 which was crazy. Market cap-to-GDP is at record highs, too. Basically, every indicator other than the P/E ratio is at a record high. The only reason the P/E ratio is slightly below the 2000 record is because of all the financial engineering that’s done to try to pump up the earnings. As insane as the 2000 bubble was, this is more insane - and it’s broader. It’s a direct result of the Federal Reserve and the other central banks pumping enormous amounts of money into the system."
In addition: "This market has become terribly narrow which is another big risk. The record highs are driven mostly by five stocks: Apple, Microsoft, Amazon, Google and Facebook. Their combined total valuation is $9 trillion, and people continue to pile into this small group of names. This trend has been accelerated by the movement of passive investing where everybody just piles into the same ETFs.
The market cap of the S&P 500 is $36 trillion, and those five companies are now 25% of the index. So when people put money into the ETFs, they essentially buy more of these big tech stocks. It’s a self-perpetuating phenomenon until it ends - and when it ends, the market is going to collapse because the valuations don’t make sense. Look at Apple: Only a couple of years ago, people were getting excited about Apple hitting $1 trillion. Now its market cap is $2.5 trillion, and the stock trades at 33x peak earnings. That’s absolute insanity!"
Insanity, we must agree, and absolute.
No Problem, Don’t Worry: Yet Wall Street’s drummers insist today’s obscene valuations are justified in full. That is because today’s obscene interest rates - obscenely low interest rates - warrant them. Stripped to bolts and nuts, the argument runs this way: Stock prices merely represent the current value of future cash flows. Lower borrowing costs - lower interest rates - raise earnings. So long as rates remain frozen at low settings, today’s valuations are swell.
Yet analyst Charlie Bilello says have another guess. The theory finds little excuse in the facts… "Mr. Bilello has interrogated the data stretching to 1881. He finds: "If low interest rates were the primary driver of higher valuations, we should see the highest valuations in the lowest interest rate periods. But this is not the case. Instead we find the highest average CAPE ratios [when interest rates were between 4.5% to 6%]. This occurred during the dot-com bubble in the late 1990s and early 2000s."
Meantime, today’s interest rate... paralleling yields on the 10-year Treasury note... pegs along at 1.29%. More, please: "The full data set shows a correlation of -0.24, meaning that there is a slight historical tendency for lower interest rates to be associated with higher valuations (and vice verse). But it’s not nearly as predictive as many suggest.
There have been a number of periods where interest rates and valuations have been low (1934-35, 1938, 1940-1954) and other periods where interest rates and valuations have been high (1995-2000). There is no precise formula that can give you the appropriate valuation at a given interest rate."
This Time Is Always Different: Yet the wish is the father of the thought. Wall Street wishes today’s slim interest rates authorize today’s obese valuations. And so the thought has its father… in the wish. But each stock market delirium runs to different themes, different narratives, all lovely, all logical - and all false. They are all bound together by one common feature: The fool belief that this time is different.
“Stocks have reached a permanently high plateau,” it was argued in 1929. “Markets are perfectly efficient,” it was said in the 1960s. “Earnings do not matter,” it was claimed in 1999. “Low interest rates justify high valuations,” it is blabbed in 2021. Each previous narrative came to grief, wrecked upon reality’s hard rocks. We have every suspicion the present narrative will end upon the identical rocks.
Time to Buy Your Umbrella: We do not know when the great undoing will occur. Nor do we pretend to know. We have forecast too many false tempests, too many false tornadoes, too many false typhoons. Yet we are most alarmed by extended stretches of fair weather. That is when guards come down.
And when guards come down, ours goes up. It is presently up. It is a terrible pity no one purchases an umbrella when it is most available, when blue skies stretch to the horizon. Come the inevitable downpour, most are caught in the open, unprepared. Perhaps this is the time to purchase your umbrella. Many are available. And they are on sale..."
"Animals"
"Animals"
"I think I could turn and live with animals, they
are so placid and self contain’d;
I stand and look at them long and long,
They do not sweat and whine about their condition;
They do not lie awake in the dark and weep for their sins;
They do not make me sick discussing their duty to God;
Not one is dissatisfied - not one is demented with
the mania of owning things;
Not one kneels to another, nor to his kind that
lived thousands of years ago;
Not one is respectable or industrious over the whole earth."
- Walt Whitman
"The World Rests In The Night..."
“The world rests in the night. Trees, mountains, fields, and faces are released from the prison of shape and the burden of exposure. Each thing creeps back into its own nature within the shelter of the dark. Darkness is the ancient womb. Nighttime is womb-time. Our souls come out to play. The darkness absolves everything; the struggle for identity and impression falls away. We rest in the night.”
- John O'Donohue,
"Anam Cara: A Book of Celtic Wisdom"
○
“On the day when
the weight deadens
on your shoulders
and you stumble,
may the clay dance
to balance you.
And when your eyes
freeze behind
the grey window
and the ghost of loss
gets in to you,
may a flock of colors,
indigo, red, green,
and azure blue
come to awaken in you
a meadow of delight.
When the canvas frays
in the currach of thought
and a stain of ocean
blackens beneath you,
may there come across the waters
a path of yellow moonlight
to bring you safely home.
May the nourishment of the earth be yours,
may the clarity of light be yours,
may the fluency of the ocean be yours,
may the protection of the ancestors be yours.
And so may a slow
wind work these words
of love around you,
an invisible cloak
to mind your life.”
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John O'Donohue was an Irish author, poet, philosopher and former Catholic priest. He was born in County Clare on January 1, 1956. He died suddenly on January 4, 2008. He is best known for popularizing Celtic spirituality and is the author of a number of best-selling books on the subject.
"Tomorrow’s Trouble Is Today’s Fun"
"Tomorrow’s Trouble Is Today’s Fun"
by Bill Bonner
NORMANDY, FRANCE – "The trip on the ferry passed agreeably. The sea was still and smooth… almost like a glass tabletop. We sailed along nicely, not noticing any motion. Arriving in France yesterday morning, we drove down to the Pays d’Auge to spend the night with friends.
“You’ve come at a bad time,” said Jean-Paul. “France is finished. Over. The country is run by criminal morons… It’s a disaster.” “I think they [he was talking about France’s political class… but his comments could easily be applied in America as well] just want to control everything. They don’t want us to go anywhere or do anything. Everything is either prohibited or compulsory. And they think they can make up for the loss of revenue with money from Brussels [from the European Central Bank]."
Dead Industry: “And this ‘Sanitary Pass’ is the worst yet. It’s scheduled to go into effect in September. You’ll need to show the pass to do anything. And if you don’t want to be vaccinated… or just don’t want to get the pass… you’ll be completely isolated. In France, tourism is a major industry. It’s important, and not just for the money. It’s part of what we are… what we do. But tourism is dead.”
Jean-Paul owns a hotel in Paris. “The hotel has been closed now for 18 months. That’s a whole year and a half of revenue that is gone forever. People say ‘You can make it up later.’ But that’s crazy. I only have so many rooms. There’s no way to make up lost revenue. At best, I’ll be able to go back to earning a normal amount of revenue. But I’ll never get back what was lost. And the hotel is going to stay closed until next April. There’s no point in opening now. The Americans aren’t coming."
“I’m lucky. I’ve owned the hotel for many years. I don’t owe money on it. I can just hunker down. A lot of the old hotels in Paris are like that. But anyone who bought a hotel recently… or owes money on it… he’s dead. Broke. Same for the restaurants. There are thousands of restaurants in Paris. They depend on tourists. Without tourists, they have no business. Those who have been around for a long time can afford just to close the doors. But the young guys… who had to borrow money… or pay rent… they’re in big trouble. The government gives them money now… But how long will that last?"
Scam: “I’m glad I’m retiring… I just don’t want to deal with it anymore. I hate the face masks. And, you know, it all just seems like a scam. I got the coronavirus last year. I’ve got high blood pressure and diabetes. I’m 65. And I’m overweight. But it just felt like the flu. My wife had it, too, and didn’t even know she had it. And look, tuberculosis, malaria, auto accidents – they kill millions of people every year… and they’re all preventable. But nobody says we should stop everything because of them.”
Jean-Paul gave a weary, gallic shrug. He lives well in the Normandy countryside, but worries about how his children and grandchildren will make out. “I know I complain about everything… but the real problems haven’t even begun. Just wait until all this money-printing catches up to us. I’m old enough to remember the ‘old franc’ when I was a child. Then, the new franc. And then, the euro. That’ll go away, too. But I don’t know if I’ll still be around to see it.”
Rebound: Meanwhile… back in the USA… MarketWatch announces with great relief: "Dow ends up more than 500 points, recovers from slump Monday. S&P index sees largest one day percentage gain since March 26, 2021.
Explaining what had gone wrong on Monday was Art Hogan, a “chief market strategist” at B. Riley National: "Markets have a way, particularly in the middle of the summer, to price in the worst-case scenario pretty quickly."
Hmmm… Does Mr. Hogan really think a 725-point Dow selloff was the worst-case scenario? By our reckoning, we would need to sell off 10,000 points to get stock prices back to a “normal” price range. In a crash, 15,000 or 20,000 Dow points might disappear.
Tomorrow’s Trouble: But investors must have realized that there is no way the Federal Reserve will permit a genuine selloff. Not if it can help it. So, at least for now, tomorrow’s trouble is still today’s fun. Delta variant? Don’t worry about it. Debt? Who cares? Inflation? Hey… it’s just “supply chain disruptions.”
High stock prices are no virtue. And keeping them inflated is no great achievement; it merely puts off the day on which they are properly priced. But a selloff would end the fun, wouldn’t it? And isn’t that the one and only purpose of Fed policy today – to delay the inevitable reckoning? To inflate now… and die later… and laissez les bons temps rouler in the meantime?
Party On: And here, we turn to economist Ken Rogoff for an explanation of why even higher inflation rates should not stop the party: "Because the US Treasury and the Fed stepped in so quickly and proactively, there were actually fewer corporate bankruptcies in 2020 than in 2019."
Mr. Rogoff notes that bankruptcies usually rise during a recession. Last year was the worst economic setback for the U.S. economy since the Great Depression. Businesses that couldn’t pay their way should have closed up shop. Instead, they got money from the feds… and are still losing money!
Whoopee! In an honest economy, stocks go up and down… and businesses come and go. Some people get lucky. Some get smart. And all get more or less what they deserve. In today’s economy, the zombies get infusions… households get stimmy checks… the stock market gets pumped up… real losses are papered over with fake money… and the party continues… until it ends."
"The Fed Says the Recession is Over - This is a Depression"
Full screen recommended.
Dan, I Allegedly AM 7/21/21:
"The Fed Says the Recession is Over - This is a Depression"
"The Fed has just issued a report saying that the recession is over. It was the shortest recorded session in the history of our country. No one believes this. This is a depression and I’m going to prove it to you."
Gregory Mannarino, AM 7/21/21: "The FEAR Trade Remains On! Its ALL A Total FReaK sHOw!"
Gregory Mannarino, AM 7/21/21:
"The FEAR Trade Remains On! Its ALL A Total FReaK sHOw!"
"America’s Frontline Doctors File Federal Lawsuit to Curtail Emergency Use of Covid Vaccines"
"America’s Frontline Doctors File Federal Lawsuit
to Curtail Emergency Use of Covid Vaccines"
by Paul Craig Roberts
Excerpt: "It appears that my reading of the Covid information is correct. The official reported cases and deaths are a scam, and the vaccine is more dangerous than the virus. America’s Frontline Doctors have filed a federal lawsuit to stop the emergency use of untested and unapproved vaccines on three groups of people. We will see if Big Pharma owns the courts too.
We have been lied to by medical bureaucrats such as Fauci at NIH and Rochelle Walensky at CDC, by the medical establishment, by ignorant politicians, and of course by the scum presstitutes and social media. The question is: did they lie out of ignorance or on purpose? Are they concerned with our health or with Big Pharma’s profits, government control over people, and perhaps darker agendas such as population reduction and the WEF’s “Great Reset”?
As Americans are so gullible and insouciant, these mass murderers are likely to get away with their monstrous crimes.
One of the doctors involved with the lawsuit stated; “My child will not be the subject of an experiment. What kind of monsters are we allowing to control us? Perfectly healthy children have developed heart inflammation, brain bleeding and even died! I have had enough. I am not sacrificing my child so a pharmaceutical company can experiment on her. This madness has to stop.”
Full article is here:
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Related:
For Covid facts divergent from the official lies see:
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An absolute MUST read:
Tuesday, July 20, 2021
"A Look to the Heavens"
“The Cat's Eye Nebula (NGC 6543) is one of the best known planetary nebulae in the sky. Its more familiar outlines are seen in the brighter central region of the nebula in this impressive wide-angle view. But the composite image combines many short and long exposures to also reveal an extremely faint outer halo. At an estimated distance of 3,000 light-years, the faint outer halo is over 5 light-years across.
Planetary nebulae have long been appreciated as a final phase in the life of a sun-like star. More recently, some planetary nebulae are found to have halos like this one, likely formed of material shrugged off during earlier episodes in the star's evolution. While the planetary nebula phase is thought to last for around 10,000 years, astronomers estimate the age of the outer filamentary portions of this halo to be 50,000 to 90,000 years. Visible on the left, some 50 million light-years beyond the watchful planetary nebula, lies spiral galaxy NGC 6552.”
"Many Great Deeds..."
"For many great deeds are accomplished in times of squalid struggle. There is a kind of stubborn, unrecognized courage which in the lowest depths tenaciously resists the pressures of necessity and ill-doing; there are noble and obscure triumphs observed by no one, unacclaimed by any fanfare. Hardship, loneliness, and penury are a battlefield which has its own heroes, sometimes greater than those lauded in history. Strong and rare characters are thus created; poverty nearly always a foster-mother, may become a true mother, distress may be the nursemaid of pride, and misfortune the milk that nourishes great spirits."
- Victor Hugo
Gerald Celente, "Trends Journal: Delta Dystopia, Government Control and Dehumanized"
Gerald Celente, "Trends Journal:
Delta Dystopia, Government Control and Dehumanized"
"'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 ahead.""Bank Failures/Bank Runs Coming; Debt Defaults Ahead; Economy On A Dead End Road; Recession Is Over"
Jeremiah Babe, PM 7/20/21:
"Bank Failures/Bank Runs Coming; Debt Defaults Ahead;
Economy On A Dead End Road; Recession Is Over"
"Are We On The Verge Of A Massive Stock Market Crash?"
Full screen recommended.
"Are We On The Verge Of A Massive Stock Market Crash?"
by Epic Economist
"The biggest stock market bubble of all time is ready to burst and this week's events are signaling that a major correction has already started. We have seen stock prices go on meteoric rises over the past year, even stocks of bankrupt companies and meme stocks have seen prices skyrocketing by 300% in what some may call the craziest bull market run in history. Now, we can definitely say we are witnessing the largest stock market bubble ever, but this bubble will end the way most bubbles do, which means an epic burst is coming and the recent market activity can prove so. Sell-off signs have been spreading across Wall Street for weeks, and on Monday we could see an eruption of full-blown fear amongst investors and big financial institutions. The Dow Jones Industrial Average fell by 725 points, marking the worst day for the index since last October. But that alone isn't an indication of a crisis, what is, though, is the fact that a series of individual stocks have started to plunge to bear market territory as veteran investors seem to have become spooked with the growing risks.
Many are pointing to the rapid spread of the Delta variant as the factor responsible for triggering a market plunge yesterday. That's precisely why investors are concerned. Any worsening of the health crisis threatens to crash the high prices stocks have gained over the past year. Investors are expecting the economy to fully recover and forecasting a record growth in economic activity, even though many market veterans have been warning that these rosy expectations may lead to bitter disappointment.
In any case, now that the market has started to go down, some experts are warning that the crash could be quite substantial. For instance, one Morgan Stanley expert believes we could see a “correction” of 10 to 20 percent. “The market appears ready to take on a more defensive character as we experience a meaningful deceleration in earnings and economic growth,” Morgan Stanley chief U.S. equity strategist Mike Wilson said in a note Monday. “Market breadth has been deteriorating for months and is just another confirmation of the mid-cycle transition, in our view. It usually ends with a material 10-20% index level correction.”
Actually, if that is the worst-case scenario we would be quite lucky. The truth is that we might be headed to a much sharper correction because the mood on Wall Street has dramatically shifted in recent days. According to the CNN Fear & Greed Index, the market is now sitting at 17, which represents “extreme fear”, while the VIX has been soaring. The last time we witnessed this much fear on Wall Street, the S&P 500 was down by 40%. So that's a remarkable sign, to say the least. But while warning signs are emerging pretty much everywhere one can look, our leaders continue shrugging off predictions regarding the consequences of the current monetary policies in collapsing stocks amid rising inflation fears and economic concerns. They keep insisting that a wonderful new era of great prosperity is just ahead.
We all would love to see a massive economic boom after so much time of pain, chaos, and desperation. But sadly, it's very unlikely that things will run as smoothly as he believes. In reality, we are fast approaching some of the most difficult economic times that we have ever seen. Our politicians and policymakers cannot artificially prop markets up forever. This immense bubble is simply unsustainable and the laws of economics cannot be overlooked for much longer. We have to remember that the federal government is already 28 trillion dollars in debt, while our corporations are in the midst of the greatest debt binge of all time, and U.S. consumers continue to go into debt without any fear of the consequences. But a reckoning day always arrives and our "tomorrow" will be far more apocalyptic than most people would dare to imagine."
Gregory Mannarino, PM 7/20/21: "Market Shrugs Off Both Inflation and C(0)vid Fears"
Gregory Mannarino, PM 7/20/21:
"Market Shrugs Off Both Inflation and C(0)vid Fears,
As The Fed. Continues To Buy It All"
The Poet: Mary Oliver, “White Owl Flies Into and Out of the Field”
“White Owl Flies Into and Out of the Field”
“Coming down out of the freezing sky
with its depths of light,
like an angel, or a Buddha with wings,
it was beautiful, and accurate,
striking the snow and whatever was there
with a force that left the imprint
of the tips of its wings - five feet apart -
and the grabbing thrust of its feet,
and the indentation of what had been running
through the white valleys of the snow -
and then it rose, gracefully,
and flew back to the frozen marshes
to lurk there, like a little lighthouse,
in the blue shadows -
so I thought:
maybe death isn't darkness, after all,
but so much light wrapping itself around us -
as soft as feathers -
that we are instantly weary of looking, and looking,
and shut our eyes, not without amazement,
and let ourselves be carried,
as through the translucence of mica,
to the river that is without the least dapple or shadow,
that is nothing but light - scalding, aortal light -
in which we are washed and washed
out of our bones.”
- Mary Oliver
"Not Much Mental Distance..."
“A man who has blown all his options can't afford the luxury of changing his ways. He has to capitalize on whatever he has left, and he can't afford to admit - no matter how often he's reminded of it - that every day of his life takes him farther and farther down a blind alley. Very few toads in this world are Prince Charmings in disguise. Most are simply toads, and they are going to stay that way. Toads don't make laws or change any basic structures, but one or two rooty insights can work powerful changes in the way they get through life. A toad who believes he got a raw deal before he even knew who was dealing will usually be sympathetic to the mean, vindictive ignorance that colors the Hell's Angels' view of humanity. There is not much mental distance between a feeling of having been screwed and the ethic of total retaliation, or at least the random revenge that comes with outraging the public decency.”
- Hunter S. Thompson
"Unwelcome Guests"
"Unwelcome Guests"
by Bill Bonner
ON BOARD THE WB YEATS – "Something odd happened on Saturday. It’s not every day that we see naked young women frolicking in our field. But let’s back up and explain how this began. In the late afternoon, we heard a loud and unfamiliar sound – music. Awful music. Dreadful music, with the boom… boom… boom beat that makes you think there must be something wrong in the engine room. “What in the world…?” we asked each other.
Back in the Hood: We have become accustomed to the absolute calm and tranquility of rural Ireland. We hear the birds sing in the morning and the pheasants cluck in the afternoon. We hear the rustling of the leaves as the wind passes and tractors in the fields. But suddenly, we were back in the “hood” of Baltimore… with the kind of noise delinquents listen to when they are trying to imitate a good time.
At first, we assumed it must be coming from a neighboring farm. Maybe the young folks were having a party, and blasting their music so loud, it crossed the river. “Hope the parents get back soon,” we thought. Later, we realized that the party was taking place in our own field. This became apparent when we saw three women… in the distance… barely visible through the trees. We saw the flesh… and from such a distance… only the flesh. One, with her back to us, appeared to be completely sans clothes.
Illicit Shindig: But what were they doing on our property? We needed to investigate! Maybe it was a nudist gathering… or just some kids having an illicit shindig. Ireland is still under COVID-19 restrictions. Then, we heard shouting – joyful… drunken… dumb shouting.
We set out across the field to where we had seen the young women. There was a group of nearly 20 young people… the men stripped down to the waist in the 75-degree heat… the women in tiny bikinis. Some were sitting around a campfire. Others were putting up a huge tent… situated on the side of a hill. Still others stood in a circle… drinking, talking, and laughing. The partiers had come in unnoticed from an old boreen and through a gap in the stone wall.
We approached, wearing our work clothes. When they saw us, they stopped talking. We were an unwelcome guest. “What do you think you’re doing here?” we asked… not smiling at the trespassers. “Oh… Is this private property? We didn’t know,” said a young man with an earnest look.
One of the others approached menacingly, lurching, as if drunk. “Settle down, Adam,” the first interceded. “Honestly,” said a blond girl with a blue tattoo and a nose ring, “we didn’t know. We thought it was okay to camp here.” A dark-haired woman stared. “Well, it is private land. You have to go,” we said firmly.
Bad Deal: What followed was a spell of explaining, negotiating, and pleading, in which your editor – never very good at that sort of thing – ended up agreeing to let them keep their camp… on two conditions. “You turn down that music… If I hear the music from the house, I will call the Gardaà (the Irish police),” he warned them. “And make sure you clean up when you leave in the morning.” The rules in place, we went back to the house… and were quickly informed about the bad deal we had made.
We’ll come back to our little story later… First, let us check in with Wall Street…
Bad Day on Wall Street: Yesterday started badly. Stocks dropped, with the Dow down more than 900 points, before rising to end the day down 725. Commentators were quick to blame the “Delta” variant of the coronavirus, anticipating more lockdowns and face masks. It’s hard to imagine that people will put up with more COVID-19 restrictions. Those who are afraid of the virus are already vaccinated. Others have had the disease already… or don’t care about getting it. And all can see that there is little apparent connection between these public health measures and their risk of dying.
A better explanation for the price drop is that investors are beginning to realize that the economic recovery may not be as strong as they had hoped. Stocks are priced for a very prosperous world. But that world may not be what’s coming.
Smarter Than Stocks: For weeks now, while inflation has surprised to the upside, the bond market has surprised to the downside. That is, while inflation rose, bond yields fell. Yesterday, the yield on the 10-year Treasury note dipped below 1.2%… its lowest yield in five months. “Bonds are smarter than stocks,” say the old-timers. And it looks like they are right. Bonds are telling us that a period of slow growth… or a recession… is headed our way – even as consumer prices continue to rise. Stagflation is what they called it in the 1970s. Get ready for it.
Decent People: Back at home on Saturday… “You’re letting 20 young people you don’t know… some of whom are already drunk… camp on your land, in violation of the COVID-19 restrictions? Don’t you think something might go wrong?” “What could go wrong?” “One of the neighbors could complain… or call the GardaÃ. They’d want to know why you allowed this illegal party. “Or who knows what they might get up to… half-naked women… drunk men? A fight? An accident?” This was the “bond” side of the household speaking, if you know what we mean.
“They seemed like decent people,” we replied lamely. “I didn’t want to ruin their party.” “Decent people do not trespass on other people’s property.” As it turned out, they were decent enough. They turned down the music. And by 11 a.m. on Sunday… they were gone. The campfire was still smoking, but otherwise, they left little trace."
"Are We On The Verge Of A Massive Stock Market Crash?"
"Are We On The Verge Of A Massive Stock Market Crash?"
by Michael Snyder
"Is time finally running out for “the bubble to end all bubbles”? Over the past year, we have seen stock prices rise to levels that are completely and utterly absurd, and many have pointed out that we are currently in the largest stock market bubble in the entire history of our nation. Of course this bubble will end the way that all of our other stock market bubbles eventually ended, and recent market activity has a lot of people wondering if the time for that is drawing near. Signs of trouble have been percolating on Wall Street for weeks, and on Monday we finally witnessed an eruption of full-blown fear. The Dow Jones Industrial Average was down 725 points, and that represented the worst day for the index since last October. But one really bad day is not a crisis, and even though many individual stocks have already plunged into bear market territory, we have a long, long way to go before people start using the word “crash”. In fact, I don’t think that anyone should even think of using the word “crash” until the Dow drops below 30,000.
But without a doubt, a crash is inevitably coming. Whether it happens this month, next month or next year, stock prices will plummet from these ridiculously inflated levels. As for the plunge that happened on Monday, many are blaming it on fears about the “Delta variant”… “It’s a bit of an overreaction, but when you have a market that’s at record highs, that’s had the kind of run we’ve had, with virtually no pullback, it becomes extremely vulnerable to any sort of bad news,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. “It was just a matter of what that tipping point was, and it seems we finally reached that this morning” with worries about the delta variant."
To me, there are other issues that are of much greater concern, but apparently this is what is spooking investors this week. According to CNBC, the number of newly confirmed COVID cases per week has more than doubled over the past month… "Covid cases have rebounded in the U.S. this month, with the delta variant spreading among the unvaccinated. The U.S. is averaging nearly 26,000 new cases a day in the last seven days through Sunday, up from a seven-day average of around 11,000 cases a day a month ago, according to CDC data. Cases were already flaring up around the world because of the delta variant."
Now that the market has started to fall, some experts are warning that the drop could be quite substantial. For example, one Morgan Stanley strategist believes that we could eventually see a “correction” of 10 to 20 percent… “The market appears ready to take on a more defensive character as we experience a meaningful deceleration in earnings and economic growth,” Morgan Stanley chief U.S. equity strategist Mike Wilson said in a note Monday. “Market breadth has been deteriorating for months and is just another confirmation of the mid-cycle transition, in our view. It usually ends with a material (10-20%) index level correction.”
Actually, if that is the worst that happens we will be quite fortunate. In recent days, the mood on Wall Street has shifted dramatically. In fact, the CNN Fear & Greed Index is now sitting at 16 which is considered to be in the “extreme fear” range, and the VIX has been soaring.
As our friends at Zero Hedge have pointed out, the last time we witnessed this much fear on Wall Street the S&P 500 was absolutely plummeting… "With the S&P 500 around 3.5% off its record highs, we note that fear has exploded. The last time fear was this high, the S&P was down 40%!"
We shall watch and see what happens this time around. Zero Hedge has also pointed out that Goldman Sachs has been aggressively selling off billions of dollars worth of stocks recently… "What is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices, Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31."
This is not normal for Goldman Sachs. In fact, you have to go all the way back to just before the financial crisis of 2008 to find another time when they did such a thing… "The last time Goldman was “aggressively” selling into a “supportive” market? Well, we have to go back all the way to 2007 and 2008 when Goldman was busy creating the very CDOs which its prop desk would then “aggressively” short."
We all remember how prophetic that particular move turned out to be… That is “interesting” to say the least. But as big financial institutions such as Goldman Sachs are dumping stocks, talking heads on television continue to assure all of us that a wonderful new era of great prosperity is just ahead. Just check out what Bill Ackman told CNBC on Monday… "Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a significant threat to the economic reopening, and he sees interest rates rising on the back of the big comeback. “I hope what it does is that it motivates anyone who doesn’t get the vaccine to get the vaccine. I don’t think it’s going to change behavior to a great extent,” Ackman said in a interview on CNBC’s “Squawk Box.” “You are going to see a massive, my view, economic boom. … We are going to have an extremely strong economy coming in the fall.”
Wouldn’t it be nice if he was right? I would love to see a “massive” economic boom. Unfortunately, I don’t believe that is going to happen. In fact, I believe that we are rapidly approaching some of the most difficult economic times that we have ever seen. The laws of economics cannot be ignored forever. The federal government is now 28 trillion dollars in debt, we are in the midst of the greatest corporate debt binge of all time, and U.S. consumers continue to go into debt as if tomorrow will never arrive. But tomorrow always arrives eventually, and our “tomorrow” is going to be a day of reckoning that is going to be far more painful than most people would dare to imagine."
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