So, we rise from the rubble...
Friday, August 6, 2021
Gregory Mannarino, AM 8/6/21: "Beyond The Hyperbubble - Important Updates"
Gregory Mannarino, AM 8/6/21:
"Beyond The Hyperbubble - Important Updates"
Thursday, August 5, 2021
"Nothing Makes Sense - Jobs Lost, Trade Deficits and Stocks at an All Time High"
Full screen recommended,
Dan, iAllegedly, PM 8/5/21:
"Nothing Makes Sense - Jobs Lost,
Trade Deficits and Stocks at an All Time High"
"Nothing makes sense with this economy. People losing jobs at a record rate, our trade deficits are worse than ever, but the stock market is that an all time high. This is like a bad dream that we are living through."
"Why They’re Suppressing Vaccine Side Effects"
"Why They’re Suppressing Vaccine Side Effects"
by Brian Maher
"A question: Why do the health authorities refuse to acknowledge the possibility of severe vaccination side effects? Here is the likely answer: The “Noble Lie.” Details to follow.
As we maintained yesterday - in grim detail - the COVID-19 vaccines are likely not so safe as health authorities claim. Jabbings have likely accounted for thousands of deaths - perhaps tens of thousands - and at least hundreds of thousands of other “adverse events.” The numbers may trifle against the millions and millions of incident-free vaccinations. Most may be unaffected entirely. We do not claim otherwise. Yet the casualty lists are far from negligible.
These vaccines have likely claimed more victims than all other vaccines over the past 30 years - combined. Yet the authorities continue to stroke our ears with pretty jingles. They coo, they croon, that these vaccines are very nearly 100% safe. Again, why? It is the “Noble Lie,” argues Dr. Robert Malone.
No “Anti-vaxxer”: Dr. Malone is an impeccably credentialed scientist. He helped pioneer the mRNA vaccine technology upon which the Pfizer and Moderna vaccines are based. He is not an “anti-vaxxer.” Very much to the contrary. He has consecrated his career to vaccine development. He believes in them. His feet are planted firmly on the ground - in science.
Yet he harbors grave reservations about the safety of these particular vaccines. His fears center on the “spike proteins” these vaccines yield. The vaccines employ messengerRNA. This mRNA programs cells to switch production lines. The cellular equipment proceeds to roll these spike proteins off the assembly line. The immune system then produces antibodies against them. This is the golden key to immunization… at least to our understanding. Authorities claim these spike proteins are harmless and inert. Yet have another guess, argues Dr. Malone.
Toxicity: He believes they are active mischief makers that can play the devil with the biology: "Every drug or vaccine is toxic at some level in some percent of people, and there's pretty clear evidence that the spike protein expressed from vaccines is causing toxicity in a small subset of patients. The question is, How big is that subset, and how broad and bad are those toxicities? The honest truth is, we don't know. And furthermore, there's a lot of signs that that information is being withheld from us.
The authorities further claim the vaccinated material remains chained to the injection site, to the deltoid muscle and local lymph nodes. There they remain for the duration of their sentence."
Yet is it true? The evidence runs the other way, argues Canadian vaccine researcher Dr. Byram Bridle. In at least certain instances the spike proteins break their chains… turned loose among the general population This fellow is a viral immunologist and associate professor at University of Guelph, Ontario. “We made a big mistake, “ he cries…
“We Made a Big Mistake”: We made a big mistake. We didn’t realize it until now. We thought the spike protein was a great target antigen, we never knew the spike protein itself was a toxin and was a pathogenic protein. So by vaccinating people we are inadvertently inoculating them with a toxin. It’s the first time ever scientists have been privy to seeing where these messenger RNA [mRNA] vaccines go after vaccination. Is it a safe assumption that it stays in the shoulder muscle? The short answer is: absolutely not. It’s very disconcerting.
The vaccines we’re using get the cells in our bodies to manufacture that protein. If we can mount an immune response against that protein, in theory we could prevent this virus from infecting the body. That is the theory behind the vaccine.
However, when studying the severe COVID-19, […] heart problems, lots of problems with the cardiovascular system, bleeding and clotting, are all associated with COVID-19. In doing that research, what has been discovered by the scientific community, the spike protein on its own is almost entirely responsible for the damage to the cardiovascular system, if it gets into circulation. Now, we have clear-cut evidence that the vaccines that make the cells in our deltoid muscles manufacture this protein — that the vaccine itself, plus the protein — gets into blood circulation.
Not all medical professionals are convinced... “So far,” claim experts at the Meedan Digital Health Lab, “there is no scientific evidence available that suggests spike proteins created in our bodies from the COVID-19 vaccines are toxic or damaging to our organs.”
Just so. Yet we have questions: Why so many fatalities? Why so many grave side effects? What accounts for them? Why have these spike proteins been discovered in the distant organs? We are no medical man. Yet we hazard these escaped convicts that run at large throughout the biology - these circulating spike proteins - explain the vaccines’ multiple side effects. At least, that is, if the casualty lists are accurate to a reasonable degree.
The Butcher’s Bill: As we reported yesterday: "Between Dec. 14, 2020, and July 16, 2021, reports of 518,870 “adverse events” came rolling in. Among these: 65,216 of the adversely affected required emergency repairs. 40,873 were admitted to hospitals for less intense servicing.
12,808 endured permanent disability… Meantime, 11,940 of the vaccinated ended upon the dissecting table, dead."
Yet as we also reported yesterday: "Studies have concluded that merely 1 to 10% of all vaccine-related dying is reported to VAERS (Vaccine Adverse Event Reporting System). One whistleblower - an expert in health data with access to government databases - recently filed a sworn legal statement under penalty of perjury. Based upon her sleuthings, she claimed the true vaccine death toll approaches 50,000.
The Tragedy: We do not know the true death toll. Let us assume it ranges between 11,900 and 50,000. Against the 165 million vaccinated Americans, it is a slender, slender fraction. It is true. Yet 11,900 to 50,000 Americans believed they were absorbing life-preserving inoculation against the virus. The authorities assured them of it.
All vaccines - including demonstrably safe vaccines - injure or kill small numbers of the injected. Yet these vaccines appear to especially injure the health of many. These thousands of Americans did not expect the life-preserving vaccine to claim their own. Yet, the health authorities dare not make mention of alarming potential risks. That is because they believe universal vaccination takes the royal road to “herd immunity.”
The Noble Lie: If they give square answers about the elevated risk, they believe it would frighten the horses. Many will run away from vaccination - irrationally in the professional estimate. “The percentages are overwhelmingly with you,” they will say. But they do not believe sufficient numbers of Americans will choose wisely. The Simple Simons will fixate only upon the dead, the amputated and the permanently wrecked. Thus all mention of severe side effects and death must be strangled in the baby’s crib, choked and smothered - for the greatest good.
Again, to the authorities, universal vaccination holds out the divine grail of herd immunity. And they cannot permit a relatively small portion of unfortunates to throw them off the track. Hence, the Noble Lie. The aforesaid Dr. Malone:
"I have colleagues in the government who are fully aware and were aware months before, for instance, the cardio-toxicity was disclosed, that the cardio-toxicity was an issue. What I'm hearing now, from multiple sources, is that individuals are purchasing access, for instance, to the Medicare/Medicaid database and - high net worth individuals - and are paying for bio-statisticians to independently evaluate those. And in some cases… because they're so concerned about what's going on. Now, what they're finding is that the CDC is grossly underreporting these key adverse events [that are available] in data that the U.S. government produces, [data] that is readily available to the CDC. And my colleagues, senior colleagues at the FDA, have known that this was the case for months, and are very frustrated."
Small Sacrifices for the Greater Good: It is “classic Noble Lie Logic,” argues Dr. Malone. There are multiple examples where it appears that the CDC appears to be editing data in support of the "noble lie." Remember, going back to that, the core thesis - it's in the Federal Register - the core thesis is that any information that would cause vaccine hesitancy must be suppressed. That's what's going on. Let's be clear about that. And they believe that it's OK to do so because it's in the best interests of the public. This is classic noble lie logic.
People... believe that they deserve to have access to all of these data, make their own choices, exercise their own free will, not be forced into decisions by the government about risks that they don't fully understand. Yet the government still believes that it's OK to treat us in this paternalistic manner. Yet government agencies are leagued together with Big Tech and the media to defend the Noble Lie - to the last hill, to the last man:
"What's different now is that they have these enormously powerful mechanisms for controlling information they never had before. And that's this intersection of New Media, Old Media, and Big Tech. That's what's going on here, and they never had that level of power in their tools before."
Yet does the Noble Lie contain an even greater lie? Could vaccines actually be worsening and accelerating the viral outbreak? Could the experts be wrong - 180 degrees wrong? This possibility we investigate tomorrow..."
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Related
Gerald Celente, "The Trends Journal", "Flying High With Delta, Get Ready For The Crash"
Full screen recommended.
Gerald Celente, "The Trends Journal",
"Flying High With Delta, Get Ready For The Crash"
"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over fear and propaganda to help subscribers prepare for What’s Next in these increasingly turbulent times."
"And So It Begins – 1000s Of Cattle Are Literally Dropping Dead From Starvation In Northern Mexico"
Full screen recommended.
"And So It Begins – 1000s Of Cattle Are Literally
Dropping Dead From Starvation In Northern Mexico"
by Epic Economist
"A lot of people never imagined the world could ever reach this point. Many preferred to assume that this crisis would rapidly end and, eventually, things would come back to 'normal' and everyone's lives would be just fine somehow. But here we are in the second half of 2021, and conditions have never seemed worse. Global crises are getting aggravated at an alarming pace, and extreme weather conditions are leading to the destruction of millions of acres of agricultural land, where the food we consume all over the planet is produced, while thousands of people are also falling victim to the extraordinarily high temperatures. In Northern Mexico, a region known for its cattle farming and meat production, thousands of cows are facing starvation and death due to a ravaging drought. The region produces hundreds of thousands of pounds of meat that we consume here in America. And the mass loss of livestock is leaving many in the agriculture industry extremely worried that not only shortages are ahead but, in fact, we might see a permanent collapse in meat production.
In an article released by the Los Angeles Times, Mexican farmers and ranchers expose the devastating situation they're now facing. In the arid hills of southern Sonora, local farmer Marco Antonio Gutierrez wakes up early to count the carcasses of rotting cows. On that day, Gutierrez found nine skulls of cows that were felled by heat and hunger. “There’s nothing for them to eat,” he lamented. Sadly, those nine cows were added to the other 61 Gutierrez have lost just this year. But Gutierrez's loss only represents a fraction of the overall tragedy. Just in Sonora, the number of cattle has dropped by nearly 50 percent this year. The article describes that "two years of extreme drought have turned large stretches of northern Mexico into a boneyard. Between starvation and ranchers forced to prematurely sell or slaughter their livestock, officials say the number of cattle in Sonora has dropped from 1.1 million to about 635,000".
Thousands of Sonora farmers and ranchers are facing crushing financial losses and many of them don't see a future in the industry anymore. The outlook doesn't seem very encouraging. According to a study featured by NBC, "a long-term drought that has hit two-thirds of Mexico looks set to worsen in coming weeks, with forecasts warning of high temperatures, crop damage and water supply shortages on the horizon, including in the populous capital. Experts are sounding the alarm that parched crops could under-produce as temperatures hit 40 degrees Celsius - 104F - on Wednesday in some parts of northern Mexico, including key farming areas".
Mexico's drought parallels that of the western United States and Canada, where mass crop failures are being reported and water conservation mandates have been imposed. Most part of the U.S. West is dealing with a drought so severe experts said this phenomenon is an event only seen every 1,000 years. At this very moment, every corner of California is experiencing an extreme state of drought, and that will have major implications for our food supply chain because the state produces roughly one-third of our vegetables and about two-thirds of our fruits and nuts.
In California, along with some parts of Canada, apocalyptic wildfires are sweeping through the region and eating up anything vegetative they can find, including crops. Many other western and midwestern states are also being hard hit by the dry weather conditions, and this situation is rapidly evolving into an alarming agricultural crisis. The most worrying factor of all this is that the region is responsible for the production of a series of food staples that go to our stores.
In all of our history, we have never seen anything quite like this. And it isn’t just North America that is on the verge of a disastrous collapse in food production and in danger of seeing a widespread hunger crisis. All over the planet, extraordinary weather patterns are destroying crops and wreaking havoc with food production, and global food supply chains are just getting more and more vulnerable to disruptions. This looks like a slow-motion train wreck of epic proportions that is being played right in front of our helpless eyes. By now you probably know that none of this is going to end well, so the best chance we have to survive the coming collapse of everything is to start getting ready right now."
"A Look to the Heaven"
“What makes this spiral galaxy so long? Measuring over 700,000 light years across from top to bottom, NGC 6872, also known as the Condor galaxy, is one of the most elongated barred spiral galaxies known.
The galaxy's protracted shape likely results from its continuing collision with the smaller galaxy IC 4970, visible just above center. Of particular interest is NGC 6872's spiral arm on the upper left, as pictured here, which exhibits an unusually high amount of blue star forming regions. The light we see today left these colliding giants before the days of the dinosaurs, about 300 million years ago. NGC 6872 is visible with a small telescope toward the constellation of the Peacock (Pavo).”
"The Road to New Beginnings: Completion"
"The Road to New Beginnings: Completion"
by Madisyn Taylor, The DailyOM
"Just as new beginnings are important, so is honoring the experience of closure. Life is a collage of beginnings and endings that run together like still-wet paint. Yet before we can begin any new phase in life, we must sometimes first achieve closure to the current stage we are in. That’s because many of life’s experiences call for closure. Often, we cannot see the significance of an event or importance of a lesson until we have reached closure. Or, we may have completed a certain phase in life or path of learning and want to honor that ending. It is this sense of completion that frees us to open the door to new beginnings. Closure serves to tie up or sever loose ends, quiets the mind even when questions have been left unanswered, signifies the end of an experience, and acknowledges that a change has taken place.
The period of completion, rather than being just an act of finality, is also one of transition. When we seek closure, what we really want is an understanding of what has happened and an opportunity to derive what lessons we can from an experience. Without closure, there is no resolution and we are left to grieve, relive old memories to the point of frustration, or remain forever connected to people from our past. A sense of completion regarding a situation may also result when we accept that we have done our best. If you can’t officially achieve closure with someone, you can create completion by participating in a closure ritual. Write a farewell letter to that person and then burn your note during a ceremony. This ritual allows you to consciously honor and appreciate what has taken place between you and release the experience so you can move forward.
Closure can help you let go of feelings of anger or uncertainty regarding your past even as you honor your experience – whether good or bad - as a necessary step on your life’s path. Closure allows you to emotionally lay to rest issues and feelings that may be weighing down your spirit. When you create closure, you affirm that you have done what was needed, are wiser because of your experience, and are ready for whatever life wants to bring you next.”
The Universe
“Believe me, I know all about it. I know the stress. I know the frustration. I know the temptations of time and space. We worked this out ahead of time. They're part of the plan. We knew this stuff might happen. Actually, you insisted they be triggered whenever you were ready to begin thinking thoughts you've never thought before. New thinking is always the answer.”
“Good on you,”
The Universe
“Thoughts become things... choose the good ones!”
Gregory Mannarino, PM 8/5/21: "Alert! Stocks Hit New Record High, But Be Prepared for The Disaster That Is Coming"
Gregory Mannarino, PM 8/5/21:
"Alert! Stocks Hit New Record High,
But Be Prepared for The Disaster That Is Coming"
"Subscription Slaves"
"Subscription Slaves"
by Bill Bonner
POITOU, FRANCE – “Transitory” is catching on. First, it was inflation that was transitory, as Federal Reserve chief Jerome Powell put it. Now, it’s housing… transportation… even love.
Startling Statistics: While the U.S. population has grown by nearly a third since the 1970s, the number of married couples with children in the house has fallen by a third. On the other hand, the number of households with only one parent has more than doubled. Father and mother don’t seem to stick together.
A young colleague recently announced that he had become a father. “I didn’t even know you were married,” we replied. “I’m not… My partner and I aren’t getting married. We’ll stick together only as long as it works for both of us.” “Hmmm…” we replied, as if we knew something he didn’t.
People don’t feel much loyalty towards their cars or houses, either. Even when houses and cars are “bought,” they are often never fully owned. Mortgages are refinanced. Why pay it off when you can refinance at a rate below zero (inflation adjusted)? Car payments stretch out. Often the muffler falls off before the last payment is made.
Subscription Economy: It’s a “subscription economy,” say the buzz mongers. The CEO of a company called Zuora claims to have invented the term. This is from its website: "Customers have changed. They’re looking for new ways to engage with businesses. Consumers today have a new set of expectations. They want outcomes, not ownership. Customization, not generalization. Constant improvement, not planned obsolescence.
The result? Businesses are changing the way they sell their products and services. Over the past nine years, we’ve seen an explosion of new types of business models all designed to keep customers consistently engaged in long-term relationships – think Netflix, Amazon Prime, Uber, Spotify, Salesforce, Zendesk, Box.
The Subscription Economy® is a phrase (coined by our CEO, Tien Tzuo) to describe this new era of companies and business models. In the old world (let’s call it the Product Economy) it was all about things. Acquiring new customers, shipping commodities, billing for one-time transactions. But in this new era, it’s all about relationships. More and more customers are becoming subscribers because subscription experiences built around services meet consumers’ needs better than the static offerings or a single product. Largish companies are even giving up their offices altogether. Employees are expected to work from home… and make episodic appearances in shared workspaces."
Rent. Lease. Borrow. Squat. Own nothing.
Prisoners of Cashflow: Perhaps something is gained in the subscription economy – spontaneity? Flexibility? Optionality? But something is surely lost, too. Instead of being shackled to capital assets, people are now prisoners of cashflow. And what if their subscriptions are cancelled?
A dear reader recalls what it was like when the economy suddenly stopped last year. Blanca H. writes: "Before the pandemic: we were working on remodeling our home to start a bed and breakfast. I was forced into retirement and hubby ended with medical issues that limited his ability to work. But the best was there was no mortgage payments…"
Yes, there are some times when you don’t have to pay a mortgage or rent. But in the Brave New World ahead, only a few will escape them. A few people – the elite – will get rich. They will own the capital assets. Most of the rest will become “subscription slaves”… able only to enjoy their homes, their cars, their lives… as long as their monthly incomes continue.
Enter the Financiers: Following the mortgage finance blow-up in 2008, houses were cheap. And financing was cheap, too. Enter the financiers, richly funded by the Fed’s ultra-low-priced credit. They bought up thousands of houses. Home ownership began a decline. If the previous rate had remained, there would be 3.3 million more homeowners (and fewer renters) today. In 2004, home ownership reached 69%. Now, it is only 65%, a huge swing.
There is no particular reason to think that owning is better than renting. Each has its place. But like everything in the financial world, what matters is that the numbers be true and honest, and not persuaded by the heavy-handed feds. But as they manipulate and distort, the feds inevitably slap around the real estate market, along with everything else.
Steve Schwarzman, Blackstone’s jefe, can borrow a lot cheaper than the typical homeowner. (Blackstone was one of the big investment firms to buy foreclosed homes in bulk in the aftermath of the ’08 crisis.) And when the Fed puts rates so low, it puts Schwarzman into competition with homeowners.
The homeowner wants a place to live. Schwartzman aims for yield. And when yields are below zero in real terms, it doesn’t take much yield to make a good investment. That’s why Blackstone can pay more for a house than a family can. And that’s why house prices are going up… to the point where the average family can no longer afford to buy the average house.
Routine Manipulation: So here is another brick in the wall we’ve been talking about for the last 10 years. As asset price goes up, Wall Street makes money. But the homeowner, who works in the Main Street economy, doesn’t earn more money. He’s stuck, trying to pay for a more expensive house with the same old income. The same thing, more or less, happened in the stock market.
In 1980, before the Fed’s manipulation became routine, it took an average working person 160 hours on the job to buy the 30 stocks that make up the Dow Industrial index. Today, it takes 1,400 hours – more than eight times as much. In 1980, he was greatly aided, too, by a decent return on his savings. He could get 10% on his deposits, plus a free toaster oven for opening an account. Today, the going rate is less than 1%.
Subscription Slaves: Oh my… pity the callow youth! A subscription slave. Burdened with student debt… dumped into an economy in which the good-paying manufacturing jobs have been exported to China… unable to save money (on which he would earn nothing anyway)… with no capital and little chance of ever getting any… No house. No car. No business. No family. He sits in Mom and Dad’s basement… gambling his stimmy money on meme stocks and cryptos… and waiting for real life to start. More to come…"
Gregory Mannarino, AM 8/5/21: "The Meltdown Continues; Fed. Now ADMITS 'Inflation Is Not Transitory!'
Gregory Mannarino, AM 8/5/21:
"The Meltdown Continues;
Fed. Now ADMITS 'Inflation Is Not Transitory!'"
"Moratorium on Reality"
"Moratorium on Reality"
by Bill Bonner
POITOU, FRANCE – "Last week, the newspapers were beginning to fret; hands were beginning to wring. Tears were falling onto the broadsheets. A headline warned about a low-income apartment building in Des Moines, Iowa, that was to be emptied out for renovations. Another one in Cleveland, Ohio. All over the country… some 40 million people who had been protected by an “eviction moratorium,” were now facing imminent homelessness. “Put out” onto the street. Their belongings in plastic bags. Their lives in tatters. No place to go.
Worse, the evil landlords – at least in Cincinnati, for example – expected them not only to pay back rent… but for the damage they caused to their apartments, as well. He sued them for $10,000 each. Our message today: The feds did renters no favors. Instead, they were set up.
Behind on Rent: Thanks to Donald Trump and Joe Biden, millions of people are way behind on their rent. And thanks to Biden’s last-minute moratorium on reality Tuesday… they’re going to get even further behind. The LA Times: "Biden administration announces new two-month eviction moratorium." "The new moratorium would take effect in areas where COVID-19 has been on the rise and last through Oct. 3, the Centers for Disease Control and Prevention said. The moratorium applies to counties facing high or substantial levels of the coronavirus and is estimated to cover about 90% of the U.S. population."
Without a federal moratorium in place, millions of Americans who fell behind on their rent during the pandemic faced eviction, depending on the patchwork of state policies. A year ago, the eviction suspension was supposed to help people get through the trying times caused by COVID-19 shutdowns. But it was the kind of dumbass gesture politicians make to curry favor and win the downmarket vote.
In the Lockdown Panic, people were thrown out of work. Businesses were closed. GDP went down. But the trying times proved much less trying than the headlines imagined. Consumer spending and personal incomes went up! “Renter incomes at a record high,” says a headline at Real Estate Investing Today.
Modern Miracle: Thanks to the conniving generosity of the ruling elite, funded by a mountebank printing press currency, transfer payments soared. In the midst of the sharpest recession since the Great Depression, most people had more money than ever before. What the H…? Yes… you might wonder. How is it possible? But we live in an age of miracles… and in this late, degenerate empire… this one is right up there with the loaves and the fishes.
In the Bible, the miracle occurred at Bethsaida. Jesus was preaching to a large crowd, said to be 4,000 men, plus women and children. And when it was time to eat, he told his disciples to distribute food. “But we have only seven loaves of bread and a few fishes,” said they. The food was distributed. And then, he bade his disciples to pick up the crumbs. These filled seven baskets! And so the multitude was fed, each time collecting more crumbs than the original serving.
Now, 2,000 years later, the feds seem to have worked a similar marvel. But it was no miracle. Instead, it was a devilish trap. The “bread” – trillions of dollars’ worth – was phony, like sawdust… with no nutritive value.
Rent Reprieve… and More: The feds worked their flimflam from both ends. On one end, they distributed stimmies and boosted unemployment benefits (some people make twice as much by not working as they did while on the job). On the other, they reduced expenses. No need to pay rent; forget about those student loans. No point in driving to work… or going out to a restaurant; they’re closed.
Student loans outstanding now cover about as many people as the rent moratorium – 45 million. And they add up to a record $1.7 trillion. When the default process was halted, last year, about 11% of the loans were overdue by 90 days or more. We don’t know… but a wild guess is that 20% of the entire $1.7 trillion is now in arrears – or as much as $340 billion.
As for the rents, Bloomberg estimated, last November, that they were already some $70 billion behind. Now, the figure is probably more like $150 billion. Many of these borrowers and renters, young and old, live “paycheck-to-paycheck.” If they don’t pay their rent or their student loans on a monthly basis, there is a good likelihood that they won’t have the money to make it up when it finally comes due.
Suspending payments – without forgiving them – was like offering free hamburgers on a fat farm. People hungrily took the bait; but they won’t be better off for it. Instead, millions of renters will go through eviction or default. And landlords, deprived of 15 months’ income, will hesitate before investing in more “affordable” housing. Rents will rise.
The rent reprieve was scheduled to end this month. You can imagine how that would have gone down. If the rent were only $600 a month… after a year’s suspension, the bill would be $7,200. Now, with Biden’s latest extension, we can add another $1,800, for three months’ more. That brings the total to $9,000. Which of these low-income renters will have that kind of money available when the bill comes due? We’ll find out in October."
Greg Hunter, "They Killed People for Vaccine Profits – Paul Craig Roberts"
"They Killed People for Vaccine Profits – Paul Craig Roberts"
By Greg Hunter’s USAWatchdog.com
International award winning journalist and former Assistant Treasury Secretary Dr. Paul Craig Roberts says the evidence is clear Covid vaccines are not safe and effective. Dr. Roberts says, “So, why the push for overriding everyone’s civil rights to vaccinate when you have information it doesn’t protect. It doesn’t reduce infections, and we have all these cases of illnesses caused by the vaccine. We also see Biden saying, quick, let’s give it full approval. Why do they want to give it full approval? If they have to admit there are cures after all, they have to stop using the vaccine. This will affect the profits. This will affect all the inflated stock prices of the vaccine companies. They will all collapse. So, they are protecting the investment in the Covid deception.”
Roberts also points out, “We have a government pushing forward with a policy that Pfizer’s own internal documents show it is 120% erroneous. That is what needs to be explained. Why, when the information is now out, and not just on the internet, but in the presstitute media itself in the New York Times and in the Washington Post. We now know the vaccine (Pfizer) does quote, ‘nothing to reduce the overall risk of death from Covid,’ closed quote. The so-called ‘breakthroughs’ are concentrated among the vaccinated, not among the unvaccinated. Also, the vaccinated spread the virus as easily as the unvaccinated. This is in the internal (Pfizer) document that got out, and it’s been in the New York Times and the Washington Post. It also says to proceed with vaccination is a huge serious mistake. It makes no sense. There are agendas that they kept secret. We know one of them is profit. One of them is control. Then the question remains, are there other darker agendas such as population control? Did they want a vaccine that makes women infertile? Did they want a vaccine that kills people in order to reduce population? We don’t know. But given that they are pushing ahead to vaccinate the unvaccinated when they know for a fact it is going to do more harm than good, it gives a lot of credibility to the so-called conspiracy theories.”
Dr. Roberts also points out, only a small number of the adverse vaccine reactions are reported. Roberts says for a more accurate number, multiply the 1.8 million European deaths by a factor of 10. Roberts says, “You get 18 million deaths in Europe. Do the same math in America, and you get a huge number, and that is only the United States and Europe. So, clearly, these potential numbers far exceed the exaggerated amount of Covid deaths. The fear generated in the first year of Covid makes people terrified, and it leads them to get the vaccine. Now, they are getting confused, and they are telling the vaccinated you are not protected, you have to wear a mask even though you are vaccinated. This is the reason the narrative is falling apart. This is also why they are so determined to get the experimental basis off so it won’t be challenged by cures such as Ivermectin and HCQ.”
Dr. Roberts contends, “They are withholding cures from people so they can continue the vaccine profits. This is grounds for arrest and indictment of every one of them: Fauci, the Head of the FDA, the Head of the CDC and everybody involved. This is legitimate evidence for arresting them, indicting them and putting them on trial. They killed people for vaccine profits by withholding cures. The deaths from Covid, but they would not let them use HCQ, Ivermectin, and now they are blocking a cure from Eli Lilly. This, I think, is the only case we need to make. We have proof they withheld treatment. We know that. It’s not speculative and not a theory. It is an absolute known fact. They withheld treatment, and they are continuing to withhold treatment so they can sell a vaccine.”
Join Greg Hunter on Rumble he goes One-on-One with award winning
journalist Dr. Paul Craig Roberts. (There is much more in the 54 min. interview.)
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Related, essential:
Wednesday, August 4, 2021
"How It Really Is"
Ahh yes, like the 7 week vacation Congress started yesterday.
Didn't YOU always get a 7 week paid vacation too?
"'They Can't Arrest Us All' - Sen. Rand Paul Urges Americans To 'Resist' Pelosi & The Petty Tyrants"
"'They Can't Arrest Us All' -
Sen. Rand Paul Urges Americans To 'Resist' Pelosi & The Petty Tyrants"
by Rand Paul
"Resist. They can’t arrest us all. They can’t keep all your kids home from school. They can’t keep every government building closed – although I’ve got a long list of ones they should. We don’t have to accept the mandates, lockdowns, and harmful policies of the petty tyrants and feckless bureaucrats. We can simply say no, not again.
Speaker Nancy Pelosi - you will not arrest or stop me or anyone on my staff from doing our jobs. We have all either had COVID, had the vaccine, or been offered the vaccine. We will make our own health choices. We will not show you a passport, we will not wear a mask, we will not be forced into random screening and testing so you can continue your drunk with power rein over the Capitol.
President Biden - we will not accept your agencies’ mandates or your reported moves toward a lockdown. No one should follow the CDC’s anti-science mask mandates. And if you want to shutdown federal agencies again - some of which aren’t even back to work fully - I will stop every bill coming through the Senate with an amendment to cut their funding if they don’t come to work.
No more.
Local bureaucrats and union bosses - we will not allow you to do more harm to our children again this year. Children are not at any more risk from COVID than they are for the seasonal flu. Every adult who works in schools has either had the vaccine or had their chance to. There is no reason for mask mandates, part time schools, or any lockdown measures.
Children are falling behind in school, and are being harmed physically and psychologically by the tactics you have used to keep them from the classroom last year. We won’t allow it again. If a school system attempts to keep the children from full-time, in-person school, I will hold up every bill with two amendments. One to defund them, and another to allow parents the choice of where the money goes for their child’s education.
Do I sound fed up to you? That’s because I am. I’m not a career politician. I’ve practiced medicine for 33 years. I graduated from Duke Medical School, worked in emergency rooms, studied immunology and virology, and ultimately chose to become a surgeon. I have been telling everyone for a year now that Dr. Anthony Fauci and other public health officials were NOT following science, and I’ve been proven right time and time again.
But I’m not the only one who is fed up. I can’t go anywhere these days - from work, to events, to airports and Ubers, restaurants and stores, without people coming up to me thanking me for standing up for them. For standing up for actual science. For standing up for freedom. For standing against mandates, lockdowns, and bureaucratic power grabs.
I think the tide has turned, and more and more people are willing to stand up. I see stories from across the country of parents standing up to teacher unions and school boards. I see members of Congress refusing to comply with Petty Tyrant Pelosi.
We are at a moment of truth and a crossroads. Will we allow these people to use fear and propaganda to do further harm to our society, economy, and children? Or will we stand together and say, absolutely not. Not this time. I choose freedom."
"Countdown to the Crash - Everything is Teetering Right Now"
Full screen recommended.
Dan, iAllegedly PM 8/4/21:
"Countdown to the Crash - Everything is Teetering Right Now"
"Many experts feel that there is a crash coming. There is
basically a countdown going on right now to the crash. Are you ready?"
"Bank Meltdown; Save Money To Survive Debt Collapse; Landlords Struggle To Survive"
Jeremiah Babe, PM 8/4/21:
"Bank Meltdown; Save Money To Survive Debt Collapse;
Landlords Struggle To Survive"
"Americans Are Taking On Debt As If Tomorrow Will Never Come"
Full screen recommended.
"Americans Are Taking On Debt As If Tomorrow Will Never Come"
by Epic Economist
"If you overlook some risks and forget about long-term consequences, spending money as you please seems a quite tempting idea. For instance, instead of calculating what sort of mortgage payment you can actually afford, why not try to purchase your $600,000 dream home? You only live once, right? And, since you already crossed that line, why not taking a sizable loan to buy yourself a brand new $60,000 SUV instead of driving around your dumpy old car for another year or two? Wouldn't that be awesome? While you are at it, why don't you go shopping and max out all your credit cards to get everything you always wanted? Don't think about the credit card interest, just go there and do it. Well, if all of this sounds good but probably too crazy for you, it's because it is. However, many Americans haven't been thinking much about long-term consequences these days.
With a federal government that spends money as it grows on trees when it comes to money management, our society is lacking role models. Our government debt is currently sitting at 28 trillion dollars and yet all our leaders think about is spending more and more money. Americans have now officially more debt than ever before. According to the Federal Reserve Bank of New York, a major increase in credit card spending and home purchases caused U.S. household debt to jump by $313 billion, or 2.1%, in the last quarter, marking the largest increase in consumer debt in seven and a half years.
Economists are worried we might be repeating the same disruptive spending behavior we did in the past. After being showered with trillions upon trillions of dollars by the federal government, you would imagine that Americans would be in pretty good financial shape these days, right? Sadly... that's not the case. Most of that money only contributed to making the gap between the wealthy and, well... "the rest of us," even larger. According to a new study from Oxford Economics, Americans added nearly $4 trillion to their savings during the health crisis recession, but most of the gains went to the wealthy. The study estimates that consumer spending in the coming months and years will be strongest at the top and significantly lower at the bottom 99%.
Rising inflation will play a major role in the deterioration of our finances and the collapse of our spending. Americans are already seeing living expenses go up while the price of consumer goods keeps on hitting new record highs. Finding an affordable home to buy has become simply impossible, and with rent prices soaring, more than 12 million families are still in danger of being evicted. The federal moratorium has ended, but after major backlash, the new administration decided to come to the rescue and issued a targeted moratorium in areas hardest hit by the virus outbreak. The move replaced the CDC nationwide evictions freeze that expired last Saturday, but major legal questions still remain.
Despite affirming to have asked for legal advice from constitutional scholars to determine whether the CDC had the legal authority to issue a new evictions action, the President passed the new action without Congress authorization. He said that even if the courts invalidate this new moratorium, it will buy some time for his administration to get aid more money for rental relief. However, the federal government allocated $46 billion in rental assistance just a couple of months ago. The question remaining is: where did all that money go? It doesn't add up.
Even more worrying is the fact that the President of the United States ignored the U.S. Constitution to get more money using the eviction crisis as justification. It is safe to say that if he actually gets more money, most part of these dollars won't end up assisting those who need it the most. Without a question, the eviction crisis should be averted. Is the President choosing the right approach to prevent it? Absolutely no. Sadly, his approach is typical of how most Americans deal with things. Most of us tend to act impulsively, without considering the impacts our actions might have in the long run. We throw money up in the air expecting it to fix all of our problems as if tomorrow will never come, but "tomorrow" always arrives eventually, and when it finally does, we will have to face a painful reckoning. Unfortunately, our "tomorrow" looks darker and more chaotic most people would dare to imagine."
Dr. Joseph Mercola, "Why I Am Deleting All Content After 48 Hours"
"Why I Am Deleting All Content After 48 Hours"
by Dr. Joseph Mercola
"We are at the crossroad where change is unavoidable. We all must make choices that determine our future. To many, this looks like a war… but what we need to find is peace. I am going to find peace through this sacrifice.
Just to be clear, ALL my content will be removed. This includes articles on:
Great Reset,
General nutrition,
the coronavirus,
and my interviews with experts.
These will be removed to appease the individuals in power who have an arsenal of overwhelming tools at their disposal, and are actively engaged in using them. COVID-19 has activated and authorized emergency powers that have weakened our constitutional rights. Sadly, cyberwarfare and authoritarian forces are beyond our abilities to withstand, and this is now our only way forward."
Visit our website: https://www.mercola.com/
Gregory Mannarino, AM 8/4/21: "Must Watch! The US Economic MELTDOWN Just Took A Dramatic Turn For The Worse"
Gregory Mannarino, AM 8/4/21:
"Must Watch! The US Economic MELTDOWN
Just Took A Dramatic Turn For The Worse"
Tuesday, August 3, 2021
Musical Interlude: The Moody Blues, "Tuesday Afternoon", "Nights In White Satin"
The Moody Blues, "Tuesday Afternoon"
The Moody Blues, "Nights In White Satin"
"Every Bubble is About to Burst - It's All Risky Business"
Full screen recommended.
Dan, iAllegedly PM 8/3/21:
"Every Bubble is About to Burst - It's All Risky Business"
"Congress is on vacation and you are left to fend for yourself. Everything is about to burst from the real estate market, stock market and this massive inflationary spike. I’m at Central Park in Huntington Beach California."
"A Look to the Heavens"
"Gorgeous spiral galaxy NGC 3521 is a mere 35 million light-years away, toward the constellation Leo. Relatively bright in planet Earth's sky, NGC 3521 is easily visible in small telescopes but often overlooked by amateur imagers in favor of other Leo spiral galaxies, like M66 and M65. It's hard to overlook in this colorful cosmic portrait, though.
Spanning some 50,000 light-years the galaxy sports characteristic patchy, irregular spiral arms laced with dust, pink star forming regions, and clusters of young, blue stars. Remarkably, this deep image also finds NGC 3521 embedded in gigantic bubble-like shells. The shells are likely tidal debris, streams of stars torn from satellite galaxies that have undergone mergers with NGC 3521 in the distant past."
"This World...."
"This world, after all our science and sciences, is still a miracle;
wonderful, inscrutable, magical and more, to whosoever will think of it."
- Thomas Carlyle
The Poet: Rainer Maria Rilke, "Book of Hours II, 16"
"Book of Hours II, 16"
"How surely gravity's law,
strong as an ocean current,
takes hold of even the strongest thing
and pulls it toward the heart of the world.
Each thing-
each stone, blossom, child-
is held in place.
Only we, in our arrogance,
push out beyond what we belong to
for some empty freedom.
If we surrendered
to earth's intelligence
we could rise up rooted, like trees.
Instead we entangle ourselves
in knots of our own making
and struggle, lonely and confused.
So, like children, we begin again
to learn from the things,
because they are in God's heart;
they have never left him.
This is what the things can teach us:
to fall,
patiently to trust our heaviness.
Even a bird has to do that
before he can fly."
~ Rainer Maria Rilke
"Marching to Victory"
"Marching to Victory"
By Bill Bonner
POITOU, FRANCE – "We love a good parade as much as the next guy. And a good war. The sound of the trumpet! The shine of the medals! The thrill of the ranks… marching to victory! Out on the battlefield, the front-line troops give ‘em hell… while back at home, mom and dad follow the glorious fight on the wireless… proud of their sons and daughters… And as long as the money keeps flowing… who cares what is really going on?
Career Opportunity: “War is the health of the state,” as the writer Randolph Bourne put it. Especially a war it can’t win, adds Bill Bonner. And now, with “breakthrough infections,” new “variants,” and vaccinated people still getting sick…
Hey, like the War on Poverty, the War on Drugs, and the war in Afghanistan, the War on COVID-19 is turning out to be a career opportunity for the feds…and a real moneymaker for their main suppliers – the drug companies. Forbes reports: "Operation Warp Speed (OWS)- the U.S. government’s Covid-19 relief program - would dole out $22 billion to Big Pharma." "The amounts of money were the kinds of sums normally seen in the smaller defense budget line items, but were massive for a public health project- $2.5 billion to Moderna, $1.2 billion to AstraZeneca, half a billion dollars to Johnson & Johnson, and $1.6 billion to a small company called Novavax. Only Pfizer opted out of ponying up to the trough at first - it didn’t want to devote resources to coordinating with the US government on its work."
In July, Pfizer signed a $1.95 billion deal to sell one hundred million doses of its two-shot vaccine to the United States, enough for fifty million people. It turned out to be a profitable move for Pfizer. The New York Times: "Pfizer Reaps Hundreds of Millions in Profits From Covid Vaccine." The vaccine brought in $3.5 billion in revenue in the first three months of this year, nearly a quarter of its total revenue, Pfizer reported. The vaccine was, far and away, Pfizer’s biggest source of revenue.
Federal Case: When COVID-19 came to light, all over the world, authorities might have treated it like any other health challenge. They might have alerted local officials… and warned vulnerable people to take cover. Instead, for better or for worse, almost all of the major nations – save, perhaps, Sweden – made a federal case out of it. They went to war.
They attempted to stop the virus… isolate it… to trace carriers… to block transmission… and to stifle its spread. The strategy seemed reasonable enough, if your aim was to treat it as an enemy. But the virus must have broken the code. It seemed to know what the field marshals were up to. It changed its tactics. Its new Delta variant is said to move quickly. It sneaks through our lines – even those of the veterans who are fully vaccinated.
And here’s the latest from the front, The Washington Post reporting: "Florida breaks record for new coronavirus cases as surge of infections rips through state. The data shows the severity of the surge in Florida, the epicenter of the U.S. outbreak and now responsible for 1 in 5 new infections nationally. The previous peak in Florida had been on Jan. 7, when the state reported 19,334 cases, according to the CDC - before the widespread availability of coronavirus vaccinations. Florida has reported an average of 15,818 new cases a day over the past seven days, according to data compiled by The Washington Post."
The best wars – from the feds’ point of view – are those where the enemy never gives up… but can’t win either. Then, the conflict drags on for years. The feds spend trillions… get battlefield promotions… and reward their friends with contracts (guaranteeing a rich retirement for the insiders as “consultants” to their former suppliers).
Criminal Victims: So far, there is still no conclusive evidence that going to war with the virus really pays off. The headlines are full of alarums. But the death statistics show little connection between the war effort and the body count. Despite its sans souci approach, Sweden still has fewer deaths per 100,000 than the U.S., U.K., France, or Italy.
Argentina is notable, with a higher fatality rate than any of them… and also the strictest control measures. We spent nine months there last year. Roadblocks kept us from going anywhere. Everything was closed. The whole country was locked up… You needed a special permission to come in or go out. And now, Argentina is leading the way to the future (we fear) by turning the victims into criminals. Yes, the gauchos are cracking down. Here’s a message received from friends:
"Today's Infobae newspaper says that 20 people are down with the Delta version of COVID-19 and that five others have been arrested for violating articles 202 and 205 of the Argentine Penal Code. Article 202 of the Argentine Penal Code says [in an awkward translation]: “Shall be punished with seclusion or imprisonment for three to fifteen years a person who spreads a dangerous and contagious disease to others…”
Article 205 of the Argentine Penal Code says: “Will be punished with imprisonment for six months to two years he who violates the measures adopted by the competent authorities for impeding the introduction or propaganda [it probably is supposed to say propagation] means “of an epidemic.”
Found and Fined: All over the world, as we reported last week, the warriors are running out of patience with the malingerers and peaceniks. Far from giving up the war as a lost cause, they want a surge. Here’s the latest from the Earth’s underside, The Daily Mail: "Australia uses helicopters and the ARMY to enforce its 'Zero Covid' lockdown as thousands of police flood Sydney to enforce the rules and hand out $500 no-mask fines - with just 17% of adults vaccinated. Sirens blared across the city and a draconian message was broadcast from the skies, as millions were told: 'This is public health order - do not break rules - you will be found and fines issued.'
Yes… COVID-19 appears to be here to stay… along with a long war against it. And tomorrow, we look at yet another enemy… and another “transitory forever” war. Stay tuned…"
"Stop the Lies"
"Stop the Lies"
by Jim Rickards
"Health officials continue to lose credibility over COVID-19. They seem to change their minds daily based on whim rather than science. But that’s been the case since the pandemic started.
Going back to last January, official comments on COVID have been mostly wrong. The comments were either outright lies or were prescriptions based on politics, not medicine.
In January 2020, the World Health Organization said there was no human-to-human transmission of COVID. They knew better because of data from China, so that was a lie. Dr. Anthony Fauci said there was little risk of COVID coming from China to the U.S. Another lie. Then, over the course of 15 months, Fauci said not to wear masks, then he said to wear them, then he said you could take them off. Now, he says it’s time to put them on again.
Fauci is an over-the-hill bureaucrat, not a true scientist. His greatest skill has been successfully navigating the Washington swamp for the past four decades. He’s heavily conflicted because he owns patents on inputs to the vaccines. He also has a lot to hide, because he funded the Wuhan laboratory coronavirus research in the first place. The science is clear that masks don’t work (because the virus is far smaller than the mask weave), and lockdowns don’t work (because people indoors in confined spaces spread the virus faster than people outside who are in motion).
Masks are positively dangerous for children because they force you to breathe your own CO2, which causes dizziness, lethargy, inability to focus and can cause people to pass out. The latest lie is Biden’s call for vaccine mandates for federal workers or weekly testing, masking and distancing.
What Vaccine Mandate? The White House had repeatedly said there would be no federal vaccine mandates. It’s true that there is no single mandate that applies to all Americans. But there are now hundreds of mini-mandates that add up to the same thing. Biden’s federal worker mandate covers 4 million federal employees and as many as 4 million federal contractors.
Meanwhile, universities are imposing vaccine mandates on returning students. Large companies like Facebook and Google are imposing vaccine mandates on their workers. New York State has imposed a vaccine mandate on state workers. Sports and entertainment venues are barring anyone who cannot prove they have been vaccinated.
When you add it all up, we’re turning into a society of vaxxed and unvaxxed where the latter are denied the opportunity to work, attend school, go out for a show or sporting event and so on. “There is no vaccine mandate,” they’ll say. But in reality, the unvaccinated will be treated as second-class citizens who can’t live regular lives or participate fully in society.
Cheap, Effective Therapeutics Are Suppressed: At the same time, health authorities have suppressed cheap, effective therapeutics like Ivermectin and hydroxychloroquine that can significantly reduce COVID hospitalizations and deaths. These drugs have been around for decades and are extremely safe. But the alphabet soup of health agencies says they need more testing before they can be approved. Yet these are the same people who are shoving experimental gene therapy down people’s throats, which were rushed through on an emergency basis without the usual testing that takes years.
Any health professional who cites the benefits of these therapeutics can be banned from social media, despite numerous clinical studies that demonstrate their effectiveness, especially if used in the early stages of illness. They aren’t magic bullets, but the data indicate they provide substantial benefit.
Why are public health authorities so determined to suppress these cheap but effective therapeutics? Well, you might want to follow the money. The FDA granted emergency use approval for the vaccines. But for the FDA to grant that emergency approval, “no formally approved alternatives” can be available at the time. If these other therapeutics were deemed effective, the vaccines couldn’t be rushed through on an emergency basis. And a lot of powerful interests stood to profit from the vaccines. They wouldn’t profit from off-patent therapeutic drugs that might cost pennies per pill.
Meanwhile, the push for new lockdowns, universal vaccination and vaccine passports continues. It’s a Brave New World, and it’s not going away soon."
Gerald Celente, "The Declaration of Vaccination, We The People Shall Not be Free"
Very strong language alert!
Gerald Celente, "The Trends Journal,"
"The Declaration of Vaccination, We The People Shall Not be Free"
"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over fear and propaganda to help subscribers prepare for What’s Next in these increasingly turbulent times."
"Shipping Container Shortage & Soaring Freight Rates Are Severely Aggravating Supply Chain Crisis"
Full screen recommended,
"Shipping Container Shortage & Soaring Freight
Rates Are Severely Aggravating Supply Chain Crisis"
by Epic Economist
"Last week's events were another major blow for global supply chains and now industry experts are warning businesses and consumers more delivery delays, shortages, and even more acute price hikes are coming. A series of disasters, including devastating floods in China and Europe, could result in empty grocery shelves, out-of-stock products, and prolonged shipping delays, exacerbating the already strained global supply chains. Western Europe and China’s Henan province - key transportation centers and home to several major businesses - are struggling to resume operations as the disasters have severely damaged railways used for the delivery of goods and raw materials in both regions. Companies in the supply chain industry reported that "water rushed into industrial areas extensively damaging facilities".
In an interview with CNBC, Pawan Joshi, the executive vice president of supply chain software firm E2open, said that “Black Friday and the holiday season, for which products and raw materials are being staged, will face the brunt of the impact,” he added that “consumer electronics, dorm room furniture, clothing, and appliances will all continue to be in short supply as back-to-school shopping starts up, and will trickle into the peak holiday shopping season". Delays from the distribution of raw materials necessary to produce goods will have a ripple effect and disrupt supply chains “for weeks and months,” Joshi highlighted. "Come Black Friday, we can likely expect to see prices rise for all sorts of goods such as consumer electronics, furniture, apparel, and appliances,” he told CNBC.
Amongst the hardest hit industries by the brutal floods is auto. Many of the biggest automakers in the globe along with their suppliers are based in regions that were critically affected by the disaster. Now that automakers were finally being able to start ramping up production, the disruption will likely hammer car manufacturing once again, with shipping delays expected to stall operations at several plants for months. The global shipping crisis is worsening at a quite alarming pace. Even Apple CEO Tim Cook stressed that freight costs are way too high. In a year, freight rates skyrocketed by nearly 500%, and they continue to reach unprecedented levels with each passing month. If billionaires are complaining about the staggering surge, for small business owners is has become simply impossible to find affordable vessel space to send their products overseas.
The main factor pushing shipping prices to sky-highs is the container crisis that started in September 2020. Almost one year later, the situation has only got worse, and the main problem behind the critical shortage of containers is the extraordinary surge in demand for consumer goods coming from China. Chinese companies are so eager to refill containers that shipping lines are sending them back to Asian ports rather than waiting for them to be restocked with U.S. products such as crops. That is aggravating the container shortage, and resulting in soaring transportation costs.
Shipping industry experts are estimating that only half of the normal container supply will be available for U.S. businesses to send their products in the September-October period when new crops are supposed to be moving to overseas markets. But several farmers and ranchers are already aware that they will remain unable to send their products across the ocean, and some of them are being forced to make some extremely painful choices. "We’ve already begun the process of laying off half of our staff,” one California farmer said, noting that shipping lines are canceling traditional container routes to focus on getting empty containers back to China.
The container shortage issue is particularly concerning for the U.S. agricultural industry, which is comprised of many small farmers that supply niche products to buyers who don’t want to buy bulk commodities. For instance, 40 percent of California's nuts and 35 percent of oat crops travel by container to markets around the world. But now, that number is expected to sharply drop due to the lack of available containers.
According to Jordan Atkins, the vice-president of WTC Group, a transloading company, there is no end in sight to the container crisis. “We’re seeing the demand that is causing these imbalances continue for at least the next six to eight months,” he said.
Already, shipping delays are having serious impacts across several U.S. industries as companies try to recover amid the reopening. Unfortunately, inflated prices are here to stay and what we're seeing right now is just the beginning. As supply chain woes get dramatically aggravated and imbalances between supply and demand get even more acute, the worst is yet to come, and in the coming months, we will all be seeing how ravaging the inflation crisis will turn out to be."
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