Thursday, October 8, 2020

"Covid-19 Pandemic Update 10/8/20"

 

by David Leonhardt

October 8, 2020

• "In a video from outside the White House, Trump called his coronavirus infection “a blessing from God” and took credit for the decision to treat himself with an experimental antibody therapy. He pledged to provide the drug to Americans free of charge, without offering any details. Hours later, the drug’s maker, Regeneron, said it had applied for emergency F.D.A. approval.

• Dr. Sean Conley, the White House physician, said Trump was symptom-free and feeling “great.” Conley offered few details about the president’s treatment, including whether he was still taking a steroid meant to treat severe Covid-19 cases.

• After Trump scuttled negotiations over a full pandemic relief bill, Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin discussed a narrower stand-alone bill to bail out the airline industry.

• Many Notre Dame students and faculty members are furious at the university’s president, the Rev. John Jenkins, after he attended a White House event without a mask and then tested positive. The student newspaper called his behavior an “embarrassment.”

• Officials in Boston are delaying their plan to reopen public school classrooms after the city’s rate of positive test results has climbed."

Oct 8 2020 12:05 AM ET:
 Coronavirus Map: Tracking the Global Outbreak 
The coronavirus pandemic has sickened more than 36,154,800 
people, according to official counts, including 7,582,205 Americans.

      Oct 8 2020 12:05 AM ET: 
Coronavirus in the U.S.: Latest Map and Case Count
Updated 10/8/20, 3:23 AM ET
Click image for larger size.

"Cultural Marxism's Origins: How the Disciples of an Obscure Italian Linguist Subverted America" (Excerpt)

"Cultural Marxism's Origins: How the Disciples 
of an Obscure Italian Linguist Subverted America" (Excerpt)
by Ammo.com

"The old world is dying, and the new world struggles to be born:
 now is the time of monsters."
- Antonio Gramsci

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”
- Sun Tzu

"You may have heard the terms “Cultural Marxism,” “Critical Theory” or “Frankfurt School” bandied about. And while you might have an intuitive approximation of what these terms mean for America in the 21st century, there’s a good chance that you don’t know much about the deep theory, where the ideology comes from and what it has planned for America – and the world.

The underlying theory here is a variant of Marxism, pioneered by early-20th-century Italian Marxist politician and linguist Antonio Gramsci. Gramscian Marxism is a radical departure from Classical Marxism. One does not need to endorse the Classical Marxism of Marx, Engels and others to appreciate the significant differences between the two. He is easily the most influential thinker that you have never heard of.

Whereas Classical Marxism located what has been called “the revolutionary subject” (the people who will overthrow capitalism and usher in socialism) within the broad working class, primarily in what is now the First World, Gramscism takes a very different approach. This approach underpins most of the social unrest that is gripping America and the West today. In a sense, we are living through the endgame of a Gramscian revolution.

There are two important diversions that Gramscism has from more traditional Marxist thought: First, that economics was the base of culture and politics. Second, philosophical materialism in the Marxist sense where reality is effectively formed by the means of economic production.

For Gramsci, culture was more important than either economics or politics. This was what needed to be changed for there to be a revolution. As such, the weapon to be used for revolution was not the economic might of an organized working class, but a “long march through the institutions” (a phrase actually coined by German Marxist Rudi Dutschke), whereby every institution in the West would be subverted through penetration and infiltration.

Throughout this article, we will use the term “Cultural Marxism” as a catchall to refer to this phenomenon, because it is the most all-encompassing and does not limit us to discussing any one specific variation (Gramsci, the Frankfurt School or what have you). Finally, we should briefly mention that, the claims of Dr. Jordan Peterson notwithstanding, Cultural Marxism is ideologically distinct from postmodernism and deconstruction, both of which are hostile toward Marxism. We will not touch on either postmodernism or deconstruction in this article, though they certainly have been influential on the international left."

"Know your enemy..." These people are deadly serious, folks. To more
 fully understand them, I highly recommend reading this full article here:

Wednesday, October 7, 2020

Must Watch! “Market Bubbles Go Supersonic; Money Printing Utopia; Economy Dead On Arrival; Debt Trap”

Jeremiah Babe,
“Market Bubbles Go Supersonic; Money Printing Utopia;
 Economy Dead On Arrival; Debt Trap”

Musical Interlude: The Moody Blues, "Your Wildest Dreams"

The Moody Blues, "Your Wildest Dreams"

"A Look to the Heavens"

"What's happening at the center of spiral galaxy NGC 5643? A swirling disk of stars and gas, NGC 5643's appearance is dominated by blue spiral arms and brown dust, as shown in the featured image taken by the Hubble Space Telescope. The core of this active galaxy glows brightly in radio waves and X-rays where twin jets have been found. 
An unusual central glow makes NGC 5643 one of the closest examples of the Seyfert class of galaxies, where vast amounts of glowing gas are thought to be falling into a central massive black hole. NGC 5643, is a relatively close 55 million light years away, spans about 100 thousand light years across, and can be seen with a small telescope towards the constellation of the Wolf (Lupus)."

"Something Like Reverence..."

“When the pain of leaving behind what we know outweighs the pain of embracing it, or when the power we face is overwhelming and neither flight nor fight will save us, there may be salvation in sitting still. And if salvation is impossible, then at least before perishing we may gain a clearer vision of where we are. By sitting still I do not mean the paralysis of dread, like that of a rabbit frozen beneath the dive of a hawk. I mean something like reverence, a respectful waiting, a deep attentiveness to forces much greater than our own.”
- Scott Russell Sanders

Chet Raymo, “Seeing”

“Seeing”
by Chet Raymo

“There was a moment yesterday evening when the elements conspired to evoke these few lines, spoken by Macbeth:
“Light thickens,
And the crow makes wing to the rooky woods,
Good things of day begin to droop and drowse.
The fading light. The crows gliding down the fields to the trees in Ballybeg:
Light thickens,
And the crow makes wing to the rooky woods,
Good things of day begin to droop and drowse.”

It’s all there, in those few lines – the mysterious power of poetry to infuse the world with meaning, to anoint the world with a transforming grace. One could spend an hour picking those lines apart, syntax and sound, sense and alliteration. The t’s of light thickening, tongue against the teeth. The alar w’s making wing. The owl eyes of the double o’s. The d’s nodding into slumber - day, droop, drowse.

The poet Howard Nemerov says of poetry that it “works on the very surface of the eye, that thin, unyielding wall of liquid between mind and world, where somehow, mysteriously, the patterns formed by electrical storms assaulting the retina become things and the thought of things and the names of things and the relations supposed between thing.” It works too in the mouth, in the physical act of speech - tongue, teeth, those d’s gliding deeper into the darkness of the throat.

I stand in the gloaming garden and the black birds glide, down, down to Ballybeg, and I marvel that with so few syllables Shakespeare can - across the centuries - teach me how to see.”

The Poet: Czeslaw Milosz, “A Song On The End Of The World”

“A Song On The End Of The World”

“On the day the world ends
A bee circles a clover,
A fisherman mends a glimmering net.
Happy porpoises jump in the sea,
By the rainspout young sparrows are playing
And the snake is gold-skinned as it should always be.

On the day the world ends
Women walk through the fields under their umbrellas,
A drunkard grows sleepy at the edge of a lawn,
Vegetable peddlers shout in the street
And a yellow-sailed boat comes nearer the island,
The voice of a violin lasts in the air
And leads into a starry night.

And those who expected lightning and thunder
Are disappointed.
And those who expected signs and archangels’ trumps
Do not believe it is happening now.
As long as the sun and the moon are above,
As long as the bumblebee visits a rose,
As long as rosy infants are born
No one believes it is happening now.

Only a white-haired old man, who would be a prophet
Yet is not a prophet, for he’s much too busy,
Repeats while he binds his tomatoes:
There will be no other end of the world,
There will be no other end of the world.”

~ Czeslaw Milosz

"The Real Damage..."

“The real damage is done by those millions who want to ‘survive.’ The honest men who just want to be left in peace. Those who don’t want their little lives disturbed by anything bigger than themselves. Those with no sides and no causes. Those who won’t take measure of their own strength, for fear of antagonizing their own weakness. Those who don’t like to make waves – or enemies. Those for whom freedom, honor, truth, and principles are only literature. Those who live small, mate small, die small. It’s the reductionist approach to life: if you keep it small, you’ll keep it under control. If you don’t make any noise, the bogeyman won’t find you. But it’s all an illusion, because they die too, those people who roll up their spirits into tiny little balls so as to be safe. Safe?! From what? Life is always on the edge of death; narrow streets lead to the same place as wide avenues, and a little candle burns itself out just like a flaming torch does. I choose my own way to burn.”
- Sophie Scholl

"America Is On The Brink Of A Major Food Shortage! Be Ready For Worldwide Hunger Crisis"

"America Is On The Brink Of A Major Food Shortage!
 Be Ready For Worldwide Hunger Crisis"
by Epic Economist

"As we approach the holiday season, a new era of hunger crisis is spreading nationwide. While the government decided to postpone conversations about a new stimulus relief until after the elections, a leading food bank has warned that the U.S will face food shortages of up to 8 billion meals in the coming months.

A new tsunami of layoffs is being formed on the horizon which will likely make millions of Americans go hungry for the first time in their lives. More alarmingly, the number of hungry children has skyrocketed, and the dependency on food banks has soared over the past months as they face disruptions in both donations and volunteer work. That’s why, in this video, we reflected upon the devastating repercussions of the 2020 US hunger crisis.

The Census Bureau's Household Pulse Survey released a poll that showed that about 22.3 million adults were already facing food insecurity. The number of households turning into their local food banks has continuously increased throughout the past year, but ever since the health crisis struck America, food insecurity has spiraled out of control.

A recent report disclosed that Feeding America is alerting it may experience a massive food shortage within the next twelve months. The organization forecasts a 6 billion to 8 billion meal shortfall until mid-2021, projecting the total need for charitable food over the next year could get to 17 billion pounds, more than three times last year’s distribution.

A recent survey found out food banks have seen a 56 percent increase in demand, and this overwhelming rise is bringing multiple challenges to their operation, because, on top of the food shortages they are facing, volunteerism has also significantly declined this year, making it even more difficult to help the families in need, considerably complicating the food distribution process. 

Furthermore, an analysis indicated 10 percent of American households are food insecure. To make things worse, between 9 and 14 percent percent of adults with kids said their children sometimes or often went hungry, which translates in 5 million schoolchildren who are living in a household where people can’t afford sufficient food.

The number of severely underweight children amazingly-increased, as parents were laid-off and couldn’t find ways to provide enough food. These large figures represent a failure of the federal government’s food programs, many of which are scheduled to end this week unless President Trump signs new legislation, which seems unlikely. Meanwhile, the deteriorating economic conditions have prompted all states to issue emergency supplements to food programs to provide all households maximum benefit. 

Research has shown that kids living in food-insecure households are prone to suffer elevated rates of anemia, asthma, long-term neurological damage, and many other ailments. Hungry children cannot concentrate at school, and inevitably are likely to fall behind their classmates.

Food banks across the country are completely flooded with thousands of cars are lining up to get food, registering a 600 percent increase in demand in South Florida, while in New York City, the number of people reliant on one emergency food pantry went from 3,715 in February to over 18,000 at the present moment.

But in New Jersey, things are way darker, more than one million New Jerseyans could suffer food insecurity, the number of those who have limited access to food supplies is expected to grow by more than 50% by December due to the catastrophic economic collapse, which proves that it largely exceeds the depth of the 2008 financial crash. 

The current hunger crisis and food shortages are solely the result of political decisions. Their decisions aren’t considering for a second all the families in need. Instead, their only preoccupation was how to keep food prices up. The famine problem is about to become a major national emergency."

The Daily "Near You?"

 
Corte Madera, California, USA. Thanks for stopping by!

"What Happens After The Election"

"What Happens After The Election"
by Doug Casey

"Whenever a really radical group takes over - and the Democrats are serious radicals - they try to cement themselves in power. I’ve explained my reasons for believing the Democrats are going to win, and it only takes a small number of people working as a cadre to do it. I’d like to discuss what happens next.

At the time of the Russian Revolution, the hardcore Bolsheviks only numbered in the hundreds. That was enough to take control of a hundred million Russians and stay in power for 70 years until they totally ran the wheels off the economy. The same thing happened with Fidel Castro in Cuba. He landed with only 50 or 60 guys, but once he took over the country, his apparatchiks were able to keep control of it.

Serious populists, socialists, Marxists, and other authoritarians can pull that off because they’re completely unbound by conventional notions of morality. They sincerely believe the ends justify the means, and nothing is off the table when it comes to gaining and maintaining power. They always say they’re working for the people and invariably promise lots of free stuff. The hoi polloi want to hear that during a crisis - like the one we’re entering. When things get tumultuous, once they’re in, it’s almost impossible to get them out. Democracy - which is a sham anyway in today’s world - be damned.

If the positions discussed by the twenty final contenders for their presidential nomination are any indication, the Democratic Party has been completely captured by leftists like AOC and her gang of four, who really want to change the very nature of the US. If they win, they’ll be able to do so. In order to succeed in an American Purple Revolution, they’ll need to cement themselves in place. It takes time for cement to dry. Even though the Republicans are just ineffectual and spineless "me too-ers" with no core beliefs, the Democrats will see there’s no point in letting them regain power.

How will they ensure that? First, it seems almost certain that the Democrats will make both Washington DC and Puerto Rico states; there will then be 104 senators voting - and they will without question be left-leaning Democrats. That will also help assure control of the Electoral College - assuming it’s not abolished - since it will have two more reliably Democratic states. Second, the 20 million undocumented people - illegal aliens - now in the US will undoubtedly be made citizens; they lean heavily toward the Democrats. Third, they’ll expand the size of the Supreme Court and pack it with leftists, so any new laws they pass can’t be challenged effectively.

There could be more, of course. Perhaps they’ll reduce the voting age to 16; such is already the case in Argentina and a growing number of other countries. Young people, especially once they’re freshly indoctrinated by the State schools, always tend to favor socialist ideas. Maybe they’ll even engineer a new Constitutional Convention to change everything. The 2nd Amendment will go, of course, and the rest of the Bill of Rights would be heavily modified. Most of it is already a dead letter - but that would formalize the change once and for all. There will probably be "free" college in order to ensure an extra four years of intense leftist indoctrination for all. State-administered and paid medical care is a sure thing, as well.

These things would cement the Democrats into office for at least a generation. But please don’t think I support the Republicans. That would be like supporting tuberculosis just because it’s better than terminal cancer. Could things get violent? Yes.

There are quite a few examples, and these things can come out of almost nowhere, like the witch hysteria in Salem in the late 17th century. It was completely irrational, of course, and couldn’t have been predicted. But if you argued against the prevailing hysteria, you too could be accused and hung.

Sometimes, these things are ethnic. Look at what happened in Rwanda a generation ago. The Hutus and Tutsis had lived together, more or less amicably, for generations. Then, all of a sudden, a million people were hacked with machetes. The wave blew over, and now things are peaceful again. But if you weren’t out there slaughtering Tutsis during the hysteria, you might be accused of being a sympathizer and be killed yourself.

Sometimes, these things are religious, like the war between Christians and Muslims in Bosnia, or Lebanon, or the Central African Republic - among other places.

Sometimes, conflict is political, like the gang warfare between the National Socialists and Communists in 1920s Germany.

But what the US seems to be facing isn’t so much political, or religious, or ethnic as it is cultural, which is much more serious. The country is on the cusp of a full-blown cultural revolution. It happened during the Terror of the French Revolution. In a short period, perhaps over 20,000 people were murdered, mostly guillotined. Who would have guessed that simple regime change could get so out of control? It did, however, because it wasn’t just a political revolution. It was a cultural revolution, right down to changing the names of the months.

It famously happened in Russia in 1917, when the Bolsheviks succeeded in changing the basic structure of society. And it happened in Cambodia in the late 1970s with Pol Pot, when a quarter of the population was murdered. Who would have thought that even possible in modern times? That was also a cultural revolution against the educated and essentially anyone who wasn’t a peasant.

Of course, the mother of all social convulsions was Maoist China’s Great Cultural Revolution of the 1960s. The whole country, or at least what looked like the whole country, was bamboozled into overthrowing what they called the Four Olds - old customs, old culture, old habits, and old ideas. It went on for ten years, killed perhaps two million people, and destroyed the lives of tens of millions more.

Right now, the same meme is spreading in the US. Absolutely anything could happen after the November election, no matter who wins. But with the serious financial, economic, and social problems the US is facing, authoritarians will know how to use them to their own advantage.

The people promoting a US cultural revolution aren’t getting much resistance. The old regime - the conservatives, the Republicans - are totally intimidated. They’ve been brainwashed into accepting the righteousness of the Left’s cultural, political, economic, and social agendas. They don’t like it, but they sheepishly accept it. The schools, the NGOs, corporations, Hollywood, and the media are completely controlled by leftists and have inculcated their notions into society. This is a real problem. When these things get out of control, the consequences can be genuinely terrible. Trends in motion tend to stay in motion - and this one is even accelerating.

America was unique among the world’s countries because it was founded on the premise of individualism and capitalism, free minds, and free markets. More than any other country, it’s lived up to those ideals. But these people don’t want just a change of government; they want to overturn the actual things that have made America - America. There’s no other place to go once America goes.

Where can you run? In fact, the whole world is moving in the same direction. That’s really dangerous because the president has a lot of power, including the power to make several thousand direct appointees with immense influence. Trump has been very unsuccessful in all his appointments. Most of them turn on him viciously. He might as well have picked random names out of the telephone directory. The Democrats, however, can be counted on to plug in fully vetted idealogues.

If Biden wins, he’ll probably get the Senate and the House, too. The Democrats will get a vast array of programs and departments approved. The changes will be much more radical than either Roosevelt’s New Deal or Johnson’s Great Society. Taxes will skyrocket, along with unlimited money in a world of Modern Monetary Theory. The US will get a makeover. America will cease to exist.

I don’t know how the red areas of the country will react if/when the Dems win. They’re culturally conservative, so I doubt there will be serious counterviolence. But if Trump does wind up in office, after a seriously contested election, we can count on more Portlands and Kenoshas. A domestic version of the leftist saying during the ’60s: "Two, three, many Vietnams." It’s really serious.

The consequences of the Greater Depression will go far beyond a simple bear market. If Trump does win, no doubt the Republicans will crack down on the country in an attempt to keep order. The Dems will have cause to say they were right about his dictatorial tendencies. Then, assuming we have an election in ’24, we’ll certainly get a leftist Democrat in office. Then it’s game over for the Old America. Even if we don’t have an actual civil war.

Right now, the US is the most polarized it has been since the Civil War.  If you're wondering what comes next, then you're not alone. The political, economic, and social implications of the 2020 vote will impact all of us."

“Never Despair”

“Never Despair”

“Empires and cultures are not permanent and while thinking about the possibility that ours is collapsing may seem a dismal exercise it is far less so than enduring the frustrations, failures, damage and human casualties involved in constantly butting up against reality like a boozer who insists he is not drunk attempting to drive home. Peter Ustinov in ‘Romanoff and Juliet’ says at one point: “I’m an optimist: I know how bad the world is. You’re a pessimist: you’re always finding out.” Or as GK Chesterton put it, “We must learn to love life without ever trusting it.”

Happiness, courage and passion in a bad time can only be based on myth as long as reality does not intrude. Once it does, our indifference to it will serve us no better than it does the joy riding teenager whose assumption of immortality comes into contact with a tree. But this does not mean that one must live in despair. An ability to confront and transcend – rather than deny, adjust to, replace, recover from, or succumb to – the universe in which you find yourself is among the things that permits freedom and courage.

To view our times as decadent and dangerous, to mistrust the government, to imagine that those in power are not concerned with our best interests is not paranoid but perceptive; to be depressed, angry or confused about such things is not delusional but a sign of consciousness. Yet our culture suggests otherwise.

But if all this is true, then why not despair? The simple answer is this: despair is the suicide of imagination. Whatever reality presses upon us, there still remains the possibility of imagining something better, and in this dream remains the frontier of our humanity and its possibilities To despair is to voluntarily close a door that has not yet shut. The task is to bear knowledge without it destroying ourselves, to challenge the wrong without ending up on its casualty list. “You don’t have to change the world,” the writer Colman McCarthy has argued. “Just keep the world from changing you.”

Oddly, those who instinctively understand this best are often those who seem to have the least reason to do so – survivors of abuse, oppression, and isolation who somehow discover not so much how to beat the odds, but how to wriggle around them. They have, without formal instruction, learned two of the most fundamental lessons of psychiatry and philosophy:

You are not responsible for that into which you were born.
You are responsible for doing something about it.

These individuals move through life like a skilled mariner in a storm rather than as a victim at a sacrifice. Relatively unburdened by pointless and debilitating guilt about the past, uninterested in the endless regurgitation of the unalterable, they free themselves to concentrate upon the present and the future. They face the gale as a sturdy combatant rather than as cowering supplicant.”

- Sam Smith

"The Helicopters Are Standing By"

"The Helicopters Are Standing By"
By Bill Bonner

SAN MARTIN, ARGENTINA – "Our dear readers look into the future. Some see catastrophe if Donald Trump is re-elected. Others see disaster if Biden wins next month. Here at the Diary, denied the gift of prophecy, all we can do is extrapolate the trends of the present based on the experience of the past. We expect another big giveaway… soon.

No Deal: But yesterday, for a few hours, it looked like we were wrong. Donald J. Trump tweeted that he was calling off negotiations on another COVID bailout until after the election: "I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business."

This seemed unlikely. Mr. Trump has never shown any interest in budget control. He even urged Republican bailout negotiators last month to “go for the much higher numbers.” Besides, we figured he’d be desperate to keep the stock market bubbling and consumers spending. A sitting president doesn’t want to go to an election with the voters in a sour mood, especially those in key states that could decide the outcome.

Economist Richard Duncan spelled it out: "If Congress fails to pass a new economic rescue bill soon, the United States is likely to experience a new severe economic downturn that could bankrupt the US financial sector and destroy millions of additional jobs."

Unsustainable Path: Also on Tuesday, according to CNN: "[Fed Chairman Jerome] Powell “reiterated his calls for more fiscal stimulus aimed at supporting America’s most vulnerable.” Powell said Tuesday that the risks of Congress pouring too much stimulus into the economy are far lower than the risk of not doing enough. Although government spending is adding to an already sky-high federal budget, lawmakers should act, Powell argued. “The US federal budget is on an unsustainable path, has been for some time,” Powell said. But “this is not the time to give priority to those concerns.”

The complicating circumstance is that the federal government is already tapped out. It has no more money now to pay for a new rescue bill than it had for the $2.2 trillion rescue boondoggle it passed in March. The money will have to be borrowed. But there aren’t enough savers to furnish the kind of money the feds need – not at today’s artificially low rates. So, they will have to depend on the Federal Reserve; it will print more money. That is the “unsustainable path” of which Mr. Powell spoke. Ultimately, this will make the bankruptcies, the downturn, and the job losses worse. He and everyone with a brain knows it.

Inconvenient Detail: Once you begin living on “printing press” money, you soon become dependent on it. Then, you need to print more and more just to keep from slipping backwards. There’s no example in history where printing-press money has actually made an economy better off – none. Nor has it ever made people a penny richer. Instead, it always leads to poverty, chaos, inflation, social upheaval, and corruption.

But this inconvenient detail will stop neither Republicans nor Democrats, neither the Fed nor Congress, neither Trump nor Biden. Nor was it this detail on the president’s mind that caused him to forgo another giveaway before the election.

Magic Trick: So what is going on? A bold political move? An amateur’s mistake? Down in the polls… Mr. Trump needs to pull a rabbit out of a hat. Not only is he in danger of losing the White House, some pollsters say the Republicans could lose the Senate. But after the Dow had lost 375 points, politics and short-term self-interest triumphed over sound fiscal policy… and The Donald reached into his hat… NBC News reported: "Trump reverses course on coronavirus relief talks, dangles new $1,200 stimulus checks. President Donald Trump reversed course Tuesday night and urged Congress to approve a series of coronavirus relief measures that he would sign, including a new round of $1,200 stimulus checks for Americans."

If the latest polls are to be trusted, it looks as though the nation has had enough of Mr. Trump’s antics. This would normally be cause for good cheer. Mr. Trump has done more damage to the nation’s finances than any president in history.

Worse to Come: But come November – again, if the pollsters are right – we will likely find out that the “unsustainable” trends of Mr. Trump will become even more unsustainable under Mr. Biden. There will be an even bigger bailout boondoggle… along with a Green New Deal… and even nuttier lockdowns and “shutups”… And tax increases, too.

We don’t know, but their hour come round at last, the rough beasts now slinking towards the Potomac could turn out to be even worse. Either way, the printing presses are warming up… and the helicopters are standing by…"

"Only One Question..."

“There’s only one question that matters, and it’s the one you never get around to asking. People are capable of varying degrees of truth. The majority spend their entire lives fabricating an elaborate skein of lies, immersing themselves in the faith of bad faith, doing whatever it takes to feel safe. The person who truly lives has precious few moments of safety, learns to thrive in any kind of storm. It’s the truth you can stare down stone-cold that makes you what you are. Weak or strong. Live or die. Prove yourself. How much truth can you take?”
- Karen Marie Moning

"Get Ready For Chaos"

"Get Ready For Chaos"
by James Rickards 

"There’s less than a month until Election Day. Once the votes are in, the die will be cast for the next four years, perhaps longer. Trump or Biden? The difference could not be more clear, and the stakes could not be higher for your life. Again, this is the most consequential election of our lifetime. If that sounds like an overstatement, it’s not.

If Trump wins, he may actually be able to finish his task of cleaning out Deep State actors, reducing regulation and taxes, securing U.S. energy independence, facilitating peace in the Middle East and finally bringing U.S. troops home from multi-decade wars in Iraq and Afghanistan.

If Biden wins, brace yourself for higher taxes, the end of fracking, the Green New Deal, free tuition, free healthcare and free child care (of course, none of this is truly “free,” it’s just paid for with more debt financed by higher taxes or more money printing).

In a Trump administration, the decoupling from China will continue, and China’s ability to spy on the U.S. and steal our best ideas will be curtailed.

If Biden wins, it will be back to business as usual with China stealing U.S. jobs, stealing U.S. intellectual property and cheating on their obligations to the World Trade Organization and the IMF.

This list of policy differences goes on, but those differences are not even the most important distinction between Trump or Biden in the White House. The main difference is that the country will set out on two entirely different paths depending on the outcome. In that sense, this will be the most consequential election since 1860, when a vote for Lincoln pointed toward a possible Civil War because the South had already made its intentions clear if Lincoln won.

Today, the Rebels are not Southern secessionists. They are home-grown neo-Marxists, anarchists, thugs and goon squads who are rioting and looting daily in scores of U.S. cities.

If Trump wins, you can expect to find U.S. cities in flames within 24 hours of the election results. If Biden wins, the neo-Marxists will have a seat at the table in the form of Bernie Sanders and Alexandria Ocasio-Cortez as they insist on full implementation of their agenda. This includes higher taxes, higher spending, more regulation and permanent changes to U.S. governance in the form of an end to the Electoral College, a packed Supreme Court (by expanding the number of justices), single-party rule in the Senate (by ending the filibuster) and more.

Think that’s bad? It gets worse. The two paths involving riots or left-wing governance depend on someone winning. What if there is no winner? Millions of votes are being cast in the form of mail-in ballots. State counting systems have broken down lately when they had to count a few hundred thousand ballots in close races. What happens when the ballots are in the tens of millions?

Secretaries of State in swing states such as Michigan, Wisconsin and Pennsylvania will be ordered by Democratic governors not to certify the results. Armies of lawyers will descend on courthouses demanding extending voting hours, impoundment of mail-in ballots and counting of all ballots regardless of postmarks, timely mailing, timely receipt and other formalities. Other lawyers will push back. Neither side will concede. The outcome could be uncertain for weeks. The riots will continue in the meantime.

And if Biden does win, it’s entirely possible he won’t be president for more than a few months. His cognitive decline, probably the result of Alzheimer’s Disease or some other form of dementia, is already apparent to observers. I realize he performed well during his debate with Trump, but Alzheimer’s does not progress in a straight line.

The type of cognitive decline Biden is suffering is not a continuous downhill slide. It’s what’s called a “step function.” That means the mental ability drops suddenly, then stabilizes or plateaus for a while, then drops again. It never improves, but it can appear stable for a time until the next sudden drop comes.

It will be relatively simple to remove Biden from office under the 25th Amendment and install Kamala Harris as Acting President. This could be followed by a formal resignation by Biden, at which point Harris would become President. This was hinted at on September 12 when Kamala Harris made reference to a coming “Harris Administration,” and again on September 15 when Joe Biden referred to the “Harris-Biden administration” at a campaign event.

These are not mere slips of the tongue, but rather a preview of the fact that a vote for Biden is really a vote for President Harris. Kamala Harris does not have the cognitive challenges of Joe Biden, but she is a malleable blank slate who will be easily handled by the radicals whom she supports.

Compared to disputed election results and the removal of Joe Biden (if he wins) coming so soon after the removal of Donald Trump (through mail-in ballot fraud), maybe a 39.6% capital gains tax doesn’t seem so bad. Actually, it should. It will tank the stock market as savvy investors get out ahead of the 2021 tax law change by selling stocks in late 2020.

All of these issues – taxes, regulation, foreign affairs, social unrest – are now playing out against the backdrop of the process to replace Ruth Bader Ginsburg on the Supreme Court. That vacancy emerged when Justice Ginsburg passed away on the evening of September 18. Trump has nominated Amy Coney Barrett, a judicial conservative who once clerked for Antonin Scalia. Those who oppose her fear she’s a threat to abortion rights and other causes supported by progressives.

A Supreme Court Justice confirmation fight is an intense political battle at the best of times. This has been true since the Robert Bork nomination to the Supreme Court by Ronald Reagan in 1987. The Senate rejected the Bork nomination, but that confirmation process set the standard for personal attacks and the extreme political invective that has been with us ever since.

This personal attack process was on full display in the confirmation hearing for Justice Brett Kavanaugh in the summer and fall of 2018. Many members of the Senate Judiciary Committee who engaged in the Kavanaugh attacks, including Democratic Vice Presidential nominee Kamala Harris and presidential candidates Cory Booker and Amy Klobuchar, are still on that committee. There is every reason to expect that this new confirmation process will be just as bitter and divisive as those for Bork and Kavanaugh. In the broader context, this is just another wild card in what has already been an unpredictable and contentious electoral year.

Uncertainty will reign until Election Day. People understand this. What is not as well understood is that uncertainty will continue to reign after Election Day. If Trump wins, the Resistance will not take it well. They will challenge the outcome in court, deny the legitimacy of a Trump victory, and extreme elements in the Resistance will burn American cities. If Biden wins, his behind-the-scenes handlers will come to the fore with demands for high taxes, more regulation, the Green New Deal and other elements of the Socialist and globalist agendas. Be prepared for the turmoil that is in store."

"Covid-19 Pandemic Update 10/7/20"

by David Leonhardt

Oct 7, 2020, 8:11 AM ET:
 Coronavirus Map: Tracking the Global Outbreak 
The coronavirus pandemic has sickened more than 35,854,100 
people, according to official counts, including 7,529,481 Americans.

      Oct 7, 2020 8:11 AM ET: 
Coronavirus in the U.S.: Latest Map and Case Count
Updated 10/7/20, 7:23 AM ET
Click image for larger size.

"How It Really Is"

"Eventually You Understand..."

“That’s where it all begins. That’s where we all get screwed big time as we grow up. They tell us to think, but they don’t really mean it. They only want us to think within the boundaries they define. The moment you start thinking for yourself – really thinking – so many things stop making any sense. And if you keep thinking, the whole world just falls apart. Nothing makes sense anymore. All rules, traditions, expectations – they all start looking so fake, so made up. You want to just get rid of all this stuff and make things right. But the moment you say it, they tell you to shut up and be respectful. And eventually you understand that nobody wants you to really think for yourself.”
- Ray N. Kuili

"As Trump Abandons Stimulus Talks, Renters and Landlords Face a Financial Cliff"

"As Trump Abandons Stimulus Talks, 
Renters and Landlords Face a Financial Cliff"
By Jacob Passy

"President Donald Trump has quashed hopes for a new federal stimulus package before the presidential election in November, saying Tuesday that he had instructed his team to stop negotiating with Democrats until after the election. And that could leave America’s renters and landlords in a lurch.

As the coronavirus pandemic has upended the nation’s economy, so too has it disrupted the country’s rental housing market. Months of layoffs and furloughs have left millions of Americans unable to afford to pay their rent. Landlords, meanwhile, have been forced to shoulder property tax and mortgage payments in the interim.

All told, some 30 to 40 million Americans face the threat of eviction as a result of the pandemic. Last month, the Centers for Disease Control and Prevention took historic action by issuing a nationwide moratorium on evictions. Public-health experts worried that if millions of people were kicked out of their homes, it could exacerbate the spread of COVID-19 and complicate efforts to reduce transmission.

The CDC’s moratorium didn’t automatically provide protection to tenants. Instead, renters have to proactively notify their landlords that they cannot be evicted under the order by meeting certain specifications. Gaps in the way the moratorium was designed have led to thousands of renters facing eviction hearings.

When the CDC’s order was announced, housing experts said it was merely “slowing the clock on evictions.” That’s because moratorium did not come with funding for rental assistance. And now that Trump has signaled that his administration will no longer participate in stimulus negotiations, it’s becoming less likely that rent relief will come soon. “The president has threatened to collapse the rental market with his egregious inaction,” said Noëlle Porter, director of government affairs at the National Housing Law Project.

Emergency rental aid was nearing bipartisan agreement: While Democrats and Republicans differed on how much money they wished to allocate for another stimulus package, lawmakers on both sides of the aisle were getting closer on the need for rent relief, said Diane Yentel, president and CEO of the National Low Income Housing Coalition. “It’s extraordinarily reckless and irresponsible for Trump to blow up negotiations now, when so many renters and small landlords are struggling and when there is growing bipartisan agreement on the urgent need for emergency rental assistance,” Yentel said.

The Democratic-controlled House of Representatives last week passed a $2.2 trillion package that included $50 billion in emergency rental assistance funds, while extending a ban on evictions for 12 months. The legislation also earmarked up to $80 million per state for a homeowner assistance fund. In August, Trump had tweeted that he was “ready to send Rental Assistance payments to hardworking Americans,” though a trimmed-down stimulus package advanced by Senate Republicans last month did not include money for rent relief. Separately, a stimulus proposal released in September by the House Problem Solvers Caucus, a bipartisan group of lawmakers, called for $25 billion to be set aside for rental assistance.

Housing advocates and rental industry officials have argued that lawmakers need to approve around $100 billion in emergency rental relief to stave off an eviction crisis, though some argue that more money than that is needed.

This spring and summer, the CARES Act stimulus package provided a temporary lifeline, thanks to the extra $600 in weekly unemployment benefits it distributed to out-of-work Americans. An extra $300 in unemployment checks in recent weeks also helped, though those funds have run out. Even with the boosted unemployment though, many families struggled to put together enough money to afford their rent. Delays in unemployment checks earlier in the pandemic created a mountain of unpaid rent for tenants, making it harder to catch up on payments.

Complicating matters, millions of Americans were already rent-burdened before the pandemic, meaning that they spent more than a third of their income on housing, leaving little left over for other necessities or to build an emergency fund. Some renters could now go many more months with receiving financial support, digging them in a deeper hole that will be all the more difficult to get out of once the CDC’s eviction ban lifts in January, advocates say. “The longer the federal government waits to act, the steeper the financial cliff that renters will be pushed off when the eviction moratorium expires this winter,” Yentel said.

In the meantime, landlords are being expected to carry this economic burden. “With no rental assistance, reduced unemployment benefits, spotty foreclosure protections, and seemingly endless eviction moratoria — landlords have become the backstop to the rental crisis,” said David Howard, executive director of the National Rental Home Council.

Mom-and-pop landlords are especially vulnerable, housing industry officials say. Many of these landlords only own one or two properties, and the rent goes toward paying off the mortgage and taxes, with little left over for a financial cushion. Some have warned that these property owners could eventually opt to sell the homes they own, which could end up displacing tenants and shrink the supply of rental housing."

"Market Fantasy Updates 10/7/20"

"Market Fantasy Updates 10/7/20" 
Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
"The more I see of the monied classes, 
the better I understand the guillotine."
George Bernard Shaw
Gregory Mannarino,
AM Oct 7, 2020: 
"Critical Updates! Trump Folds, Stocks Poised For Rebound"