Thursday, January 7, 2021

"I Understand..."

  
"I understand that fear is my friend, but not always. Never turn your back on Fear. It should always be in front of you, like a thing that might have to be killed. My father taught me that, along with a few other things that have kept my life interesting." 
- Hunter S. Thompson

"The Coming War on Wealth and the Wealthy"

"The Coming War on Wealth and the Wealthy"
by Charles Hugh Smith

"The problem with pushing a pendulum to its maximum extreme on one end is that it will swing back to the other extreme minus a tiny bit of friction. America has pushed wealth/income inequality, unfairness and legalized looting to the maximum extreme. Now it will experience the swing back to the other extreme. This will manifest in a number of ways, one of which is a self-organizing populist war on wealth and the wealthy.

To say the system is rigged to benefit the already-wealthy and powerful is a gross understatement. Take the tax code as an example - thousands of pages of arcane tax breaks and giveaways passed by a thoroughly corrupted Congress and thousands more pages of arcane regulations and legal precedents.

How many pages apply to the bottom 95% of American taxpayers? Very few. There's the standard deductions for mortgage interest, healthcare costs, etc., but virtually no other tax breaks. Very few pages apply to even the 99% - go talk to a CPA and you'll find there are no more tax breaks for a sole proprietor making $500,000 in earned income than than there are for a sole proprietor making $50,000.

99.9% of the tax code benefits the top 0.1% and the corporations, LLCs and philanthro-capitalist foundations and trusts they own/control. Stripped of artifice and spin, America's tax code is nothing but legalized looting. This is only one small slice of the entire pie of legalized looting, of course, but it's one we can all understand.

A sole proprietor pays 15.3% in Social Security and Medicare taxes. Why don't America's billionaires pay 15.3% in Social Security and Medicare taxes? Aren't Social Security and Medicare/Medicaid the bedrock social safety net programs of the American people? Then why does a struggling sole proprietor pay 15.3% tax to support these essential programs and billionaires pay essentially zero?

There's a term for this disparity/injustice/unfairness: legalized looting. The super-wealthy pay essentially zero percent of their income and wealth to the programs that provide basic economic security for the disabled/elderly citizenry, while Jose the sole proprietor pays 15.3% of every dollar he earns.

So explain to us again why Mr. Buffett can't afford to pay 15.3% of every dollar of his income to help fund basic economic security for the disabled/elderly. In a system of even the most basic fairness, every dollar of income would be taxed at the same rate. In a system of even the most basic fairness, those with incomes of $100 million would pay the same 15.3% Social Security and Medicare tax as the sole proprietor earning $100,000. Needless to say, if this most basic fairness was applied to America's wealthy and powerful, these programs would not be facing insolvency.

If Joe the sole proprietor hits the bigtime, he pays 32% federal tax over $165,000, 35% over $210,000 and 37% over $524,000. If we add 15.3% to 37%, we get 52.3%. How many of America's super-wealthy / billionaires pay 52% in Social Security-Medicare and income taxes? Zero.

Could America's super-wealthy/billionaires afford to pay 52%? Of course they could - they own the majority of all financial assets and skim the majority of all income. But they won't, because the system is rigged to benefit the few at the expense of the many via legalized looting.

It isn't just the inequality of ownership of capital and power that enrages the oppressed; it's the blatant unfairness of our neofeudal/neocolonial system. As I explained in "Neofeudalism and the Neocolonial-Financialization Model" (May 24, 2012) and "Welcome to Neocolonialism, Exploited Peasants!" (October 21, 2016), the Financial Nobility have "come home" and applied the same rapacious exploitation they perfected in colonialism to the domestic populace.

Here's looking at you, Federal Reserve - thanks for perfecting legalized looting and neofeudalism in America.

The gulf between the lavishly praised American ideals and the putrid, corrupt reality of America's neofeudal system is wider than the Grand Canyon. As the pendulum accelerates to an extreme equal but opposite to the current extremes of unfairness, exploitation and legalized looting, those who have suffered the consequences of this systemic inequality will find expression in whatever ways are available.

Since it's difficult to get to the protected compounds of the super-wealthy, the signifiers of the merely wealthy will offer readily available targets. The new Tesla won't just get keyed; it will be "reworked," to the great satisfaction of the "workers."

Please note that I am not promoting a war on wealth and the wealthy, I am merely pointing out that it is as inevitable as the gravity pulling the pendulum. The war on wealth and the wealthy will manifest politically, socially and economically. It won't be a tightly controlled, top-down movement. It will be spontaneous, self-organizing and unquenchable."

Wednesday, January 6, 2021

“Stock Market Going Into Hyperdrive; Assets Will Be Destroyed; Central Bank Has No Exit Strategy”

Jeremiah Babe, 1/6/21: 
“Stock Market Going Into Hyperdrive; 
Assets Will Be Destroyed; Central Bank Has No Exit Strategy”
Other updates:

"A Perfect Storm Is Brewing: Experts Are Warning That The Stock Market Could Crash Dramatically"

"A Perfect Storm Is Brewing: Experts Are Warning 
That The Stock Market Could Crash Dramatically"
by Epic Economist

"Experts have been warning that the stock market could be set for an extraordinary crash in case of a favorable result for Democrats, since it would probably scare investors away and prompt a major sell-off, which could then lead to another dramatic stock market crash , and put an end to the era of incredibly overvalued assets, finally popping the stock bubble. That's what we're going to examine in this video. 

The Georgia Senate runoff will be decisive for what happens next in both Main Street and Wall Street. Republican David Perdue is taking on Democratic challenger Jon Ossoff, while Republican Kelly Loeffler faced Democratic candidate Raphael Warnock. Now, Democrats are counting on Ossoff to win, so that the Senate would have a 50-50 split, meaning that Vice President-elect Kamala Harris would have the crucial deciding vote that could push through Biden's priorities as soon as he takes office. 

The results are expected to have enormous impacts on the financial markets. If Democrats win both of the seats, they will effectively have control over the U.S. Senate, the House of Representatives, and the White House. That is to say, for the first time since the Obama's administration, the Democrats would have an opportunity to advance their agenda without compromising with the Republicans.

Yesterday, the day voters in Georgia headed to the polls, former Trump senior economic adviser Steve Moore argued in an interview that a Democratic sweep could drive the Dow Jones Industrial Average to decline by 1,000 points. According to Oppenheimer chief investment strategist John Stoltzfus, a blue win could trigger a stock market sell-off of up to 10%. He alerted that it could cause the U.S. broad equity market to experience a downdraft of anywhere between 6% and 10%. 

For the past four years, big corporations and large conglomerates were thrilled by Trump’s tax cuts, but Biden has repeatedly stated throughout his campaign that he had plans to roll back Trump’s Tax Cuts. A Democratic victory would also mean the incoming president would have more flexibility to implement other plans of his agenda, including the expansion of the payroll tax for Social Security, new tax credits, and fewer deductions, as well as another round of massive government spending. Needless to say, all of these changes won't be appreciated by investors.

At the moment, what we do know is that Democrat Raphael Warnock has already guaranteed his Senate seat after defeating incumbent Republican Senator Kelly Loeffler. With so much on the line, the level of spending on both runoffs has been unprecedented. Advertising Analytics data pointed out that nearly $404 million was spent on advertising in the Perdue-Ossoff race, making it the most expensive Senate race ever recorded. 

As for the stock market, at this point, the main concern surrounding a blue wave is that very soon more fiscal spending could be launched, therefore, Fed rates would surge faster than expected, which would resonate in the amount of easing and in the strength of the dollar. The election result could be the trigger event that would pop the enormously-inflated market bubble, but at this stage of the crisis, stock prices have been at such absurdly inflated levels for so long, that it wouldn't take much for us to be witnessing a catastrophic collapse. We have never experienced before a market that is so perfectly primed for a meltdown. It's just impossible to sustain the current valuations for much longer, and several market watchers have been signaling a sharp stock market crash in the coming weeks or months.

As the race remains close, and there are no evident odds of who is ultimately going to be the winner, our financial and economic future remains uncertain. For now, we keep on watching the next developments of the Georgia elections, as they can determine the destiny of our country. But we can't forget that many other pivotal events are about to be unfolded, and they are going to completely change the course of the United States history."

Musical Interlude: The Rolling Stones, "Sympathy For The Devil"

The Rolling Stones, "Sympathy For The Devil"
Full screen recommended!

As we slide into the Abyss...

"A Look to the Heavens"

"What's happening to this spiral galaxy? Just a few hundred million years ago, NGC 2936, the upper of the two large galaxies shown, was likely a normal spiral galaxy -- spinning, creating stars -- and minding its own business. But then it got too close to the massive elliptical galaxy NGC 2937 below and took a dive. Dubbed the Porpoise Galaxy for its iconic shape, NGC 2936 is not only being deflected but also being distorted by the close gravitational interaction. 
A burst of young blue stars forms the nose of the porpoise toward the right of the upper galaxy, while the center of the spiral appears as an eye. Alternatively, the galaxy pair, together known as Arp 142, look to some like a penguin protecting an egg. Either way, intricate dark dust lanes and bright blue star streams trail the troubled galaxy to the lower right. The featured re-processed image showing Arp 142 in unprecedented detail was taken by the Hubble Space Telescope last year. Arp 142 lies about 300 million light years away toward the constellation, coincidently, of the Water Snake (Hydra). In a billion years or so the two galaxies will likely merge into one larger galaxy."

"On Your Own Terms..."

“If the sun is shining, stand in it – yes, yes, yes. Happy times are great, but happy times pass – they have to – because time passes. The pursuit of happiness is more elusive; it is life-long, and it is not goal-centered. What you are pursuing is meaning – a meaningful life… There are times when it will go so wrong that you will be barely alive, and times when you realize that being barely alive, on your own terms, is better than living a bloated half-life on someone else’s terms.”
- Jeanette Winterson

Must Watch! Gregory Mannarino, "SITUATION CRITICAL: The US Capital Has Fallen"

Gregory Mannarino, PM 1/6/21:
"SITUATION CRITICAL: The US Capital Has Fallen"

"Chaos!"

"Chaos!"
by Brian Maher

"Pictures talk infinitely louder than words. We hereby present today’s reckoning:

 “I fear all we have done is to awaken a 
sleeping giant and fill him with a terrible resolve.”
- Japanese Admiral Isoroku Yamamoto
CCR, "Bad Moon Rising"
A very bad moon is rising for the Left...
And these are not the little girly-boys of ANTIFA...

"If I Am..."

 

The Daily "Near You?"

Collinsville, Oklahoma, USA. Thanks for stopping by!

The Poet: Mary Oliver, “Evidence”

“Evidence”

“Where do I live?
 
If I had no address, as many people do not,
 
I could nevertheless say that I lived in the 
same town as the lilies of the field,
 
and the still waters.


Spring, and all through the neighborhood 
now there are
 strong men tending flowers.
Beauty without purpose is beauty without virtue.

But all beautiful things, inherently, have this function -

to excite the viewers toward sublime thought.

Glory to the world, that good teacher.

Among the swans there is none 
called the least,
 or the greatest.
I believe in kindness. Also in mischief.
 
Also in singing, 
especially when singing is not necessarily prescribed.

As for the body, 
it is solid and strong and curious and full of detail;
 
it wants to polish itself; it wants to love another body;

it is the only vessel in the world that can hold,
 
in a mix of power and sweetness:

words, song, gesture, passion, ideas,
ingenuity, 
devotion, merriment, vanity, and virtue.
Keep some room in your heart for the unimaginable.”

- Mary Oliver
“We don’t read and write poetry because it’s cute. We read and write poetry because we are members of the human race. And the human race is filled with passion. And medicine, law, business, engineering, these are noble pursuits and necessary to sustain life. But poetry, beauty, romance, love, these are what we stay alive for! To quote from Whitman, ‘O me! O life! of the questions of these recurring; of the endless trains of the faithless - of cities filled with the foolish; what good amid these, O me, O life?’ Answer: That you are here - that life exists, and that the powerful play goes on and you may contribute a verse. What will your verse be?”
- “Dead Poets Society”

"Nothing New..."

 

“Yes, the times change with the tides; yet the tales, like the surf, sound on in familiar perpetuity and with steady repetition. In the modern era, during the great clash of civilizations currently underway, there will be no new, great and ghastly crusades. Only resistance or surrender. In America, just as her tide recedes from the world, in the end it may become Man overboard, and every man for himself. The sun rises. The sun sets.

As sand through an hour-glass, or waves rolling over every shore, so too, do our journeys mark passageways through time; and, in the end, our navigation may, indeed, depend upon guidance, like stars, shining down from heaven upon what we know, over the decisions we make; on the destinies we choose. And, of course, there will be losses incurred during the storms.

So, we raise our sails and pray for the prosperous winds of Providence to guide our ways and guard our lives through uncharted seas. Perhaps it’s true that fortune finds and favors the faithful above all. Even still, those who believe, and those who doubt, and those who sleep, all do drift and blow by the same breeze. The winds of change are on us. They’ve always been here, steadfast and old as time itself. Like the earth. Nothing new under the sun.”

"A Trifecta of Catastrophic 'Mistakes'”

"A Trifecta of Catastrophic 'Mistakes'”
by Bill Bonner

"We had your f*****g back, but we ain’t got your back no more!"
– Trump supporter to D.C. police

WEST RIVER, MARYLAND – "We’re spending this week in the morgue. That is, we’re cutting open the dead year – 2020 – to better understand the new, live one. So far, we’ve seen that the brain and heart were both diseased. In the brain, people were delusional… living in a fantasy world, where they thought they could shut down the wealth-producing economy and then make up for it by printing bits of paper, calling it “money.” And the rot appears to have spread to the heart, where the fake money was used to reward cronies, bail out mismanaged businesses, and pay off the elite.

That’s how former Federal Reserve chief Janet Yellen – now in the bullpen, warming up to be our next Treasury Secretary – came to earn $7 million in fees for delivering forgettable speeches. The $7 million was merely chump change. While Ms. Yellen was at the Federal Reserve, from 2010 to 2018, the money-printers added $2.2 trillion, doubling the Fed’s balance sheet… with almost all of it going to Wall Street. That’s a 31,000 times return, far more than the money spinners would get from honest capitalism.

Modest Reveal: Today, we continue our unkind cuts. What happened in 2020? What does it mean? And since this is Epiphany… today, we offer a modest “reveal.”

Last year, the feds completed a trifecta of major, catastrophic “mistakes.” We put the word mistakes in quotes, signaling that there is something fishy about them. Indeed there is. These “mistakes” cost the public dearly… But they served the elite well. In 2001, George W. Bush might have left the police to deal with the 9/11 miscreants. At trivial cost, those who were still alive might have been brought to justice. Instead, he made a federal case of it. Cost? $7 trillion and as many as a million lives. 

Consequence? Millions of refugees… a much more dangerous and unstable Middle East… more potential “terrorists” than ever before. And a much deeper Swamp… filled with lobbyists, lawyers, and apologists for the U.S. military/industrial/surveillance industry.

Huge Distortion: Then, after 2008, the Bush and Obama administrations – along with the Bernanke/Yellen Fed – might have let markets do their thing. Mortgage finance companies, big banks, and common households had over-bought the housing market. Many were on the brink of bankruptcy. But instead of letting the chips fall where they ought, the feds bailed out Wall Street – at a cost of $3.6 trillion.

Doing so, they distorted the whole ball of capitalism’s wax. American stocks, for example – as measured by the Dow Jones Industrial Average – rose from under 8,000 in 2009 to over 28,000 10 years later. These prices no longer tell us what the companies were worth; they just show how willing the Fed was to push their stock prices up.

Bad Situation Made Worse: And finally, in 2020, the attack of the COVID-19 bug might have been treated like a medical challenge. Again, at very little cost, those most likely to die – the sick, the old, and the medically vulnerable – might have been protected. Instead, the elite flexed its muscles. 60 million jobs were lost… thousands of businesses went bust… and the whole economy was transformed in ways no one anticipated.

In addition, according to epidemiologist Dr. Knut Wittkowski, locked-down populations were turned into slow-motion virus incubators, resulting in more deaths, not fewer. And then, to make a bad situation worse, the feds flooded the economy with fake money, as if that would offset the real damage.

These three “mistakes” – made over the course of the last 20 years – sealed America’s fate. The feds are condemned in their own cockamamie prison. For now, not just Wall Street, but Main Street, too, with its 300 million mouths to feed, look to the feds for their daily bread. They count on the feds’ fake money to pay rent and mortgages… to pay for holidays and autos… and even to put food on the table.

Today’s news reports tell us that Mitch McConnell’s refusal to allow $2,000 giveaways might have cost the GOP the Senate. Won’t the handouts soon become routine?

All-Round Failure: And so, the year 2020 ended in disgrace. Donald Trump didn’t make America great again. The Federal Reserve didn’t make it more prosperous. The Supreme Court didn’t make it honest. The news media didn’t make it better informed. The universities didn’t make it smarter. The medical industry didn’t make it healthier. The tech industry didn’t lead us into a glorious future.

Our elite institutions failed. Congress, for example, is a laughingstock. (Yesterday, it passed a new rule eliminating the use of gender-based terms such as “mother” or “aunt.” That should do it… we’re all equal now!)

The universities act as training camps for the elite, prohibiting free speech and closing minds. More and more, what they teach is politically correct propaganda, not free inquiry.

The press blissfully reports what the elite wants us all to believe, favoring more war, more government spending, and more official meddling.

Wall Street no longer allocates real capital to deserving businesses; it merely grabs the fake dollars for itself.

And poor Main Street, left behind by financialization, fake money, offshoring, and claptrap economics, now clamors for bread and circuses…

Someone who would never win a spelling bee scrawls “Weres my money” on Mitch McConnell’s door, blaming him for blocking the $2,000 giveaway.

And today, die-hard MAGA fans, left behind and betrayed by the elite, gather in Washington, fantasizing that Donald Trump will lead an uprising against them.

Yes, that’s just the way the empire’s cookie crumbled in 2020. Badly. But what’s ahead? Stay tuned…"

"How It Really Is"

 

Gregory Mannarino, “Today The Freak Show Grande Finale”

Gregory Mannarino,
“Today The Freak Show Grande Finale”

Tuesday, January 5, 2021

Gerald Celente, "New Trends Journal: Buckle Up and Prepare"

Gerald Celente, 
"New Trends Journal: Buckle Up and Prepare"

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

"Catastrophe Is All Around Us"

"Catastrophe Is All Around Us"
by Jeffrey Tucker 

"As a naturally optimistic person, it vexes me that the word catastrophe has echoed in my mind since early March 2020. It’s the word the great smallpox eradicator Donald Henderson used in his 2006 prediction of the consequences of lockdown, a word that wasn’t around then. His masterful article addressed the idea of travel restrictions, forced human separation, business and school closings, mask mandates, limits on public gatherings, quarantines, and the entire litany of brutality to which we’ve been subjected for nearly a year, all summed up in the word lockdown. 

Dr. Henderson warned against it all. This is not how you deal with disease, he said; at a minimum society needs to function so that medical professionals can do their work. Diseases are managed one person at a time, not with grand central plans. That was the old wisdom in any case. Under the influence of vainglorious modelers, ideological resetters, and politicians hoping to make names for themselves, most of the world tried the lockdown experiment anyway. 

Here we are nearly a year since I wrote my first article warning that governments presumed themselves to possess the quarantine power. They could use it if they wanted to. I didn’t expect they would. I wrote this piece as a “for your information” public service just to let people know how terrible governments could be. 

I had no idea that quarantines would be only the beginning. At this point we know what we did not know then. They are capable – by they I mean even governments in presumably civilized countries with functioning democracies – of the unthinkable, and they are capable of persisting in the unthinkable for an appalling amount of time. 

Now the lockdowns are our life in the US, unless you are lucky enough to live in Florida, Georgia, South Dakota, South Carolina, and perhaps a few other places. Here in these outposts of what we used to call civilization, life seems normal. Our readers in these states don’t even think about the virus much, and they read my articles and find them overwrought, like I’m describing life on another planet. 

The US seems to have two economies, one open and one closed. You see the difference on social media: people at the beach, malls, living life more or less normally. Meanwhile, in the lockdown states, businesses are shuttered, people are demoralized, fights over masks are breaking out in stores, the arts are wrecked, and multitudes are still cowering in their homes. The unemployment differences between the two reveal exactly what’s going on

We are experiencing what is a migratory demographic shift that could compare to 19th century legend. From what is being reported by U-Haul and other moving companies, people are fleeing from closed to open. Reports United Van Lines: “Among the top inbound states were South Carolina (64%), Oregon (63%), South Dakota (62%) and Arizona (62%), while New York (67%), Illinois (67%), Connecticut (63%) and California (59%) were among the states experiencing the largest exoduses.” And this all happened since the summer when it became unbearably obvious that the bastards were not going to stop tormenting their people. 

Moving, however, is not a panacea. Normal life seems to be breaking down. The government mails are running 2 to 3 weeks behind. Companies can’t even close their books because the tempo of life has dragged to a crawl. Tech support takes many hours on hold. Accountability for failure to deliver on services seems to be evaporating. Groceries experience sporadic shortages in unpredictable ways. We no longer know the rules and yet fear breaking them. 

Health care is not functioning normally, with non-Covid patients hurled out too soon while positive tests land you in ICU whether you need it or not. (My own 81-year-old mother was hospitalized with a serious condition and then thrown out because she didn’t test positive for SARS-CoV-2). Vaccine administration has been mostly chaos because society is not functioning normally. Weddings and funerals are still out. We are being socialized to treat everyone, including ourselves, as nothing but pathogenic disease vectors. 

The hatred and threats of violence in online venues are out of control. Society has never been more angry or divided in my lived experience. Tech giants are still censoring dissent, trying to force everyone to believe the pronouncements from the World Health Organization even though they change week to week, as if they are working hard to realize Orwell’s vision of the future. The blue check marks and people with access daily advocate trampling on the rights of those who can’t live their lives online. 

The mainstream media that most people once trusted continues to pretend as if this catastrophe is a result of the pandemic rather than the pandemic response. Just look at the number of headlines that begin “Pandemic Has Caused….” and then fill in the blank with any one of the many terrible things happening now: a third of restaurants bankrupt, opioid deaths, alcoholism, suicide ideation, female unemployment, demoralized and abused children missing a whole year of schooling, loved ones separated by borders, murder rates soaring, vaccinations missed, cancer screenings forgone, and so on. It’s all the pandemic, they say. 

Why won’t the media name the lockdowns as the culprit? It’s not just denialism. The implication is that we had no choice but to shatter life as we know it. Lockdown is just what one does in a pandemic. It’s utterly not. Nothing like this has ever taken place, never in history. This remains an egregious attack on fundamental rights, liberties, and the rule of law. The results are all around us. That the news media refuses to name the reason feels like gaslighting, except that we know they are lying, they know they are lying, and they know that we know they are lying. It’s just an unwritten rule in journalism now: never name the lockdowns (unless you bury it in the 13th paragraph of an otherwise boring article). 

And even after a full year, the public remains mostly deeply ignorant of the age/health gradient of Covid-19 fatalities, even though we’ve known this since February of last year! According to the CDC – even conceding the accuracy of testing and exigencies of fatality classification – it’s 99.997% for 0-19 years, 99.98% for 20-49 years, 99.5% for 50-69 years, and 94.6% for 70+ years. It’s nursing homes that have been a main vector for disease outcomes. The threat to school-age kids approaches zero. The more information we get the more normalized the SARS-CoV-2 pathogen seems, a respiratory and flu-like illness we have seen become pandemic before it became endemic just like another dozen times in the last hundred years. We didn’t shut down society, and, for that reason, we managed them just fine. 

Is it that numbers like the above are just too abstract to mean anything to people? More likely, the numbers mean something but that meaning is overwhelmed by the nonstop panic porn one sees on the media each day. People can no longer distinguish these various terms that media pundits throw around to signal how terrible this disease is: outbreaks, cases, outcomes, deaths, spread, infection rates, hospitalizations – it’s just a huge and blurry blizzard of terrible. 

Citing a bit of reality-based data cannot make a dent in the pathological Munchausen Syndrome that has been unleashed. Primal fear has swamped rationality for the better part of 10 months. So people douse themselves in sanitizer for fear of the enemy they cannot see, and presume everyone else is trying to infect them. They put up with attacks on their rights under the belief that it is for their own good. 

The fiscal and monetary policy response has been equally egregious, all premised on the idea that money printing and spending – it all goes together these days – can possibly be a substitute for private investment and actual people buying and selling things. That combined with continued protectionist measures in the last days of the Trump administration make for the worst combination of policy malpractice in generations, or perhaps ever. The pain of recovery will be monstrous. 

Many of us spend a good part of our days poring over the latest research, which reveals their terrible toll of the lockdowns, the inescapable horror that it is the lockdowns not the pandemic that has done this. It shows the absence of any relationship between lockdowns and lives saved. It shows that a significant number of excess deaths are due not to disease but to drug overdoses, depression, and suicide. It shows the tremendous problems with PCR testing, the nondriver of “asymptomatic transmission,” the incredible proliferation of disease misclassification, and the absurdity of the idea that political solutions can intimidate and arrest a virus. 

We do all this research every day, and then turn on the TV to find the nation’s top medical spokesman (a certain Dr. Fauci of fame and fortune) knows nothing and cares nothing for any of the research. He is a performance artist who just likes being on TV, being fawned over while he advocates the permanent overthrow of our rights and liberties. And yet even his colleagues and others in the profession, who know his long-running racket very well, dare not call him out for fear of losing grant money, being ostracized within their institutions, and trolled on Twitter. He is a scary man with the power to make or break careers, so rather than take the risk, others just shake their heads and turn the channel.

Sheer cowardice explains most of the dearth of dissent. It’s easy to forget how cravenly careerist people become when they are afraid. Most people would rather lie or be silent than risk facing disapproval of friends and colleagues. Cancel culture makes this worse. Doctors who dare talk about natural immunities or the talisman of masks and distancing find themselves investigated by medical boards. Academics who speak out are accused of encouraging superspreaders, blasted by colleagues including students. It’s way beyond witch hunts at this point. As a result, you can easily get the impression that everyone agrees with the desperate need to dismantle civilization as we know it. 

None of this is sustainable. When it was “14 days to flatten the curve,” I feared for the future of investment, public confidence in government, lost revenue for small and medium-sized businesses, and their permanent shock that would come from the realization that government can and will do something this horrible. Another two weeks went by and we were writing furiously to warn the world of the deadly consequences of this course. April 13 came and AIER released the most strongly worded editorial then in print: we need complete liberation now. The Wall Street Journal followed and said the same two days later. 

In those days, the prevailing theory of the virus was that you cannot stop it but you can slow it down. Tall or short, the area of the curve is the same. Why prolong the pain? The talking point at the time was to preserve hospital capacity. But over time, this plausible idea mutated into a full suppressionist agenda. Slow the spread became stop the spread. It was a small step until the “experts” defaulted to a medieval view of disease: run away! Actually, that’s too flattering: it was a gradeschool view of cooties that became the new and thoroughly fake science. 

Then we arrived at the current moment in which professional virus fighters, having failed miserably to suppress the virus, have turned against the public, blaming those who do not comply with complete enthusiasm. Fauci says some version of this daily on TV: if everyone would just comply, we won’t have to lock down anymore. Unless morale improves, the beatings will continue. 

After two weeks, there was still time to undo major parts of the damage of lockdowns. After 10 months, not so much. There will be loss of life for many years to come plus population-wide psychological, social, and economic damage. The catastrophe has not been averted. It is far worse than any of us could ever have imagined at this time last year. The world has shifted and drastically, and the pain and suffering are unspeakable. Our governments are the pathogens that have done this to us. They were aided and abetted by fake news, fake experts, fake intellectuals, fake science, and a fake view of life. 

At this late date, we’ve lost confidence in most of what we used to trust and think was normal. Despair is taking over. Many of those who were willing to fight in the spring and summer have given up, tired of writing, tired of protesting, tired of yelling. The attempt to demotivate the opposition is working. This is a huge error. 

What, then, is the path to the future? We can stay on the present catastrophic course or we can reverse it. The sooner governments wise up and stop hurting everyone like this the sooner the healing can begin. It will take years, decades, but a version of the rule of medicine from the ancient days pertains: first stop doing harm."
Related:

"Be Ready For Commercial Real Estate Collapse Of Epic Proportions!"

"Be Ready For Commercial Real Estate 
Collapse Of Epic Proportions!"
by Epic Economist

"The U.S. restaurant industry has been facing coup after coup since lockdowns and indoor dining restrictions were instituted all over the nation, forcing several owners to permanently close their doors. The meltdown of the industry led more than 100,000 eateries to close in 2020 and many more are still on the brink, as the health crisis narrative is still lingering in America. Authorities are constantly being criticized for imposing draconian bans that they don't even follow, as well as enabling the downfall of hundreds of thousands of businesses without properly measuring the consequences this will have on the economy. 

While these businesses are shut down for good, more employees are being laid-off, aggravating the labor market crisis and its prospects to keeping adding workers back to their posts. Additionally, the commercial real state market has been absorbing the impacts of these closures since all of the space that is being emptied probably isn't going to be occupied at the same rate ever again. In short, the collapse of the restaurant industry is setting the stage for a commercial real state collapse of epic proportions, and that's what we talk about in this video. 

Every day it passes by, more announcements of restaurant closures keep popping on the news. Prior to 2020, The United States used to have over 660,000 restaurants across its territory. In a recent op-ed piece, Adam Piper has affirmed that unreasonable, unnecessary, and hypocritical actions have pushed more than 100,000 restaurants to close and endangered countless others. At this stage of the collapse, according to Bloomberg, the current figure for restaurant closures is even bigger. A new survey released by the National Restaurant Association disclosed that from September to December, 10,000 more closures were registered, totaling a nationwide tally of over 110,000 permanent or long-term closures, which means one in six U.S. eateries is now gone. The Association is warning that there will be more carnage in the months ahead as the industry grapples with the devastating impacts of the health-crisis-induced recession.

The mass closures portray a clear picture of what an economic depression looks like. And now that hundreds of thousands of restaurants are sitting empty, while tens of thousands of others aren't making enough revenue to afford their rent, the stage has been set for a commercial real estate disaster of epic proportions. Evidently, the restaurant vacancies are added to the millions of square feet of office and retail space that are also not being productive due to new work-at-home arrangements and the growing online shopping trend that triggered the bankruptcy of hundreds of thousands of brick-and-mortar retailers. That's why this imminent commercial real estate nightmare is being called by financial analyst Lee Adler as “a monster in the room”.

According to Adler, the losses some of these sectors are about to face will be the final blow to their survival. He said to believe that even though big institutions of the industry are overpriced and overvalued right now, they will produce enough income to get by. But office and retail will never again generate the income they did before people began moving to online shopping. Most will need to be repurposed. Many will be demolished. Their value is land only, and even that is depreciating. Adler projects that office buildings that are now only 50% occupied might lose 100% of their value Even at 75% occupancy, property owners won’t be able to pay the mortgages. Consequently, banks will also face enormous losses, just as it happened in 1988-92, "only this time, there will be no recovery," he noted. 

Markets that once were more on the affordable side are becoming increasingly less affordable as prices are fast climbing. An Attom Data Solutions study has found that by the end of 2020, the average price of homes in 55 percent of the counties in the nation was considered less affordable to the average wage earner than they have been historically. Another of the Fed’s unintended consequence of hurting those that are least able to afford it. This situation already exposes the effects of hyperinflation in prices. Although the Fed has been massively purchasing bonds to try to keep the markets afloat, its money printing-frenzy has backfired and now we're in the middle of the most splendid real market bubble this country has ever seen. Considering policymakers will continue to launch more money into the system, this bubble will only inflate further and further, which will, of course, make the crash much more disastrous in scope and size. Everywhere we look, we can see that the dominoes are starting to fall, but we're still in the very early chapters of this ravaging economic collapse."

Gregory Mannarino, "The Indoctrination Camps Are Now Open"

"Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
Gregory Mannarino, PM 1/5/20:
"The Indoctrination Camps Are Now Open"