Full screen highly recommended.
"Commercial Real Estate Collapse Triggering
A Massive Wave Of Bankruptcies And Foreclosures"
by Epic Economist
So, we rise from the rubble...
Tuesday, February 16, 2021
Must Watch! “Horrific Market Crash Is Closer Than You Think; Bond Yield Rising; Weather Chaos; Silver Shortage”
Jeremiah Babe,
“Horrific Market Crash Is Closer Than You Think;
Bond Yield Rising; Weather Chaos; Silver Shortage”
Musical Interlude: Yanni, “Standing in Motion" from "Live At The Acropolis"
Yanni, “Standing in Motion" from "Live At The Acropolis"
Full screen highly recommended.
"A Look to the Heavens"
“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).”
"Covid-19 Pandemic Updates 2/16/21"
"Covid-19 Pandemic Updates 2/16/21"
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"When you have eliminated the impossible,
whatever remains, however improbable, must be the truth."
- "Sherlock Holmes", Sir Arthur Conan Doyle
• "Doctor Admits Masks Don’t Work: “All Viruses Can Get Through”○
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Feb 16, 2021 2:15 PM ET:
The coronavirus pandemic has sickened more than 109,359,500
people, according to official counts, including 27,768,334 Americans.
Globally at least 2,412,700 have died.
Feb. 16, 2021 2:15 PM ET:
Coronavirus in the U.S.: Latest Map and Case Count○
"The COVID Tracking Project"
Every day, our volunteers compile the latest numbers on tests, cases,
hospitalizations, and patient outcomes from every US state and territory.
- https://covidtracking.com/
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Every day, our volunteers compile the latest numbers on tests, cases,
hospitalizations, and patient outcomes from every US state and territory.
- https://covidtracking.com/
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Feb. 16, 2021, 8:06 AM ET
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Where I Live:
2/16/2021: "Cases are very high but have decreased over the past two weeks. The numbers of hospitalized Covid patients and deaths in the Pinal County area have also fallen. The test positivity rate in Pinal County is very high, suggesting that cases are being significantly undercounted. We’ve recommended additional precautions below."
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So far so good... Maybe.
"Acceptance..."
"Acceptance is a crucial step forward for those who prefer the idea of living this life over simply existing within it. Accept all that you've said and what you've done, because you cannot change your past. Accept the idea of the unknown, because the future is the unknown waiting patiently to reveal itself. Accept the person you have become thus far in your journey, because you are the only person who will be there with you when you finish it. Do all of this so that you may never find yourself having to accept regret that haunts you at two a.m., leaving you sweaty and broken hearted. All you have is this minute; not this hour, or this day, or this year. Live in this minute so that you won't get stuck simply existing with your guilty past, or with nothing but anxiety for the future."
- Margaret E. Rise
Gregory Mannarino, "The Fed. 'Does Not See Asset Bubbles!' AND Easy Money FOREVER!"
Gregory Mannarino, PM 2/16/21
"The Fed. 'Does Not See Asset Bubbles!'
And Easy Money FOREVER!"
"Human Progress..."
"It is common to assume that human progress affects everyone - that even the dullest man, in these bright days, knows more than any man of, say, the Eighteenth Century, and is far more civilized. This assumption is quite erroneous. The great masses of men, even in this inspired republic, are precisely where the mob was at the dawn of history. They are ignorant, they are dishonest, they are cowardly, they are ignoble. They know little if anything that is worth knowing, and there is not the slightest sign of a natural desire among them to increase their knowledge."
- H. L. Mencken
"The Reason Why A Lot Of People Are Leaving San Francisco Might Surprise You"
"The Reason Why A Lot Of People Are Leaving
San Francisco Might Surprise You"
by Michael Snyder
"Over the past year we have seen a mass exodus from major cities along the west coast, but what is happening to San Francisco is particularly sad. Once upon a time, San Francisco was one of the most beautiful cities on the entire planet. There is so much culture there, and the rolling hills make it a place like no other. And thanks to the tech boom in Silicon Valley, it has become one of the most prosperous cities in the whole country. So why have hordes of San Francisco residents decided to leave and never look back?
Well, there are a lot of factors at work. First of all, the cost of living has gotten wildly out of control. A postage stamp of an apartment will cost you thousands of dollars per month to rent, and a lot of people don’t like paying 17 dollars for a salad.
For others, the extremely high taxes and the insane politicians are more than enough of a reason to leave the state. The lockdowns that were instituted by Governor Gavin Newsom have destroyed thousands of small businesses, and many former small business owners have pledged that they will never go back to California under any circumstances.
In San Francisco in particular, open drug abuse in the streets has made headlines all over the globe in recent years. The streets are constantly littered with drug needles and piles of human feces, and that isn’t pleasant.
On top of everything else, there is always the threat of more wildfires and a giant earthquake could strike the coast at literally any moment. But none of those things are what this article is about. This article is about the huge spike in crime that is driving countless people away from San Francisco.
When he was able to get a job with a tech company four years ago, Kieran Blubaugh jumped at the chance to live in San Francisco, and at first everything seemed great… "Kieran Blubaugh dreamed of living in California when he was growing up in Indiana. He played the Tony Hawk Pro Skater video game and envisioned himself skateboarding down San Francisco’s crazy hills. After paying off his student loans four years ago, he landed a job with a tech company and moved to San Francisco. At first, life was heavenly. He had a seven-minute commute on his motorcycle. He could pay $30 to see Incubus, one of his favorite bands, a short walk from his apartment."
Unfortunately, his infatuation with the region did not last long. Even though he was located in a good part of the city, crime just kept getting worse and worse, and eventually he decided that enough was enough… "Soon, however, his California dream soured. Thieves broke into his locked garage and did $8,000 worth of damage to his motorcycle, doubling his insurance rates. His dog nearly died after eating human feces on the sidewalk. Seeing people either getting arrested or being treated for an overdose outside a nearby building was a regular occurrence. “And I live in a nice part of town,” said Blubaugh, 33."
With each passing year, the criminals just keep becoming even more brazen. Not too long ago, San Francisco resident Ben Couillard had someone watch his house while he was away, and that individual actually had to confront someone that was trying to break into the house…"He said the house sitter came face-to-face with the suspicious person who had turned his attention away from the vehicles and to the house. “So she saw him through the window and basically when she asked him, you know, ‘Can I help you?’ Like, what are you doing as he’s trying to break in? And he said to her, like, ‘Go upstairs, (expletive) or I’ll kill you.”
What would you do if that happened to you? You could call the San Francisco police, and they may or may not show up eventually. Meanwhile, the junkies will continue to roam throughout your neighborhood as they search for things to steal so that they can sell them for more drugs.
The other night, San Francisco officials held a “virtual town hall” to discuss the crime wave. Residents were told that criminals are starting to target residents more frequently because they don’t have many tourists to prey upon these days… "San Francisco Supervisor Hillary Ronen, District Attorney Chesa Boudin, and the captain of the police department overseeing the area, held a virtual town hall with residents of the community Wednesday night to address their concerns. They attribute what they say is an increase in crime to “economic desperation” and “tourism has gone down so substantially in San Francisco that criminal rings that targeted tourists in areas that tourists frequent no longer have tourists there,” said Supervisor Ronen."
Please remind me not to visit San Francisco as a tourist any time soon.
Sadly, we are seeing the exact same thing happen to San Francisco that has happened to countless other communities all across the nation. Like so many other major cities, it has become a crime-ridden, drug-infested hellhole, and this has happened even though northern California is swimming in hundreds of billions of dollars from the tech industry. After telling a reporter why he left the state, Kieran Blubaugh was asked how conditions in the state could be improved. This was his answer… “We need more police. There’s a general lawlessness that’s just scary.”
Isn’t that ironic? The “defund the police” movement has been pushing California cities such as San Francisco to greatly reduce police funding, but Blubaugh insists that the solution is more police.And Blubaugh is not exactly an elderly curmudgeon. In fact, he is just 33 years old.
Of course the phrase “general lawlessness” could be used to describe the condition of the United States as a whole. We have become an upside down society where good is evil and evil is good, and as a result we have totally lost our way. Unless we completely reverse course, the “general lawlessness” in our country is only going to intensify in the years ahead. But we aren’t going to reverse course, are we? At this point, we appear to have a national love affair with evil, and the consequences of that love affair are going to be very bitter indeed."
"'Extremely Dangerous' Weather, Grid Chaos Sparks Outages Across 15 US States, Spreads To Mexico"
"'Extremely Dangerous' Weather, Grid Chaos Sparks
Outages Across 15 US States, Spreads To Mexico"
by Tyler Durden
Update (1415 ET): "Rolling blackouts and power outages have hit 15 states on Tuesday as a polar vortex dumps Arctic air into much of the country. According to PowerOutage.US, 15 states are experiencing rolling blackouts or outages because of extreme weather. Most of the outages are seen in Texas, with over 4 million customers without power (as of this update).
Top Areas by Outages:
• Texas 4,197,673
• Oregon 230,247
• Kentucky 144,615
• Louisiana 115,795
• West Virginia 95,737
The polar vortex will continue pouring frigid air into much of the country through this week. Temperature anomalies are well below normal, creating major power-grid chaos. The disruption has spilled over into Mexico, where the US has curbed natural gas exports, resulting in power stations grinding to a halt.
OilPrice.com expands more on the chaos unfolding across Mexico's northern power grid: "The plummeting natural gas exports from the United States to Mexico amid an Arctic cold spell in the country that has led to a gas demand surge is causing blackouts in northern Mexico, with some 4.77 million households and businesses left without power on Monday.
Argus noted that most of the natural gas Mexico receives from the United States comes from the Permian, where the production of both oil and gas has been affected by the cold weather that has caused power outages across Texas. Oil wells are being shut down, and so are refineries along the Gulf Coast, Reuters reported earlier today, adding oil and gas pipeline operations were also disrupted by the weather."
Please view this complete article here:
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Related:
"Economic Market Snapshot AM 2/16/21"
"Economic Market Snapshot AM 2/16/21"
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"Capitalism is the astounding belief that the most wickedest of men will
do the most wickedest of things for the greatest good of everyone."
- John Maynard Keynes
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"Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
Your guide:
Gregory Mannarino, AM 2/16/21
"Important Updates: Bitcoin Breaks 50k!
Market Poised For New Record Highs”
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"The more I see of the monied classes,
the better I understand the guillotine."
- George Bernard Shaw
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MarketWatch Market Summary, Live Updates
CNN Market Data:
CNN Fear And Greed Index:
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A comprehensive, essential daily read.
Feb 15th to 17th, Updated Daily
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Financial Stress Index
"The OFR Financial Stress Index (OFR FSI) is a daily market-based snapshot of stress in global financial markets. It is constructed from 33 financial market variables, such as yield spreads, valuation measures, and interest rates. The OFR FSI is positive when stress levels are above average, and negative when stress levels are below average. The OFR FSI incorporates five categories of indicators: credit, equity valuation, funding, safe assets and volatility. The FSI shows stress contributions by three regions: United States, other advanced economies, and emerging markets."
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Daily Job Cuts
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And now, the End Game...
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Oh yeah...
The Poet: Anne Sexton, "Courage"
"Courage"
"It is in the small things we see it.
The child's first step,
as awesome as an earthquake.
The first time you rode a bike,
wallowing up the sidewalk.
The first spanking when your heart
went on a journey all alone.
When they called you crybaby
or poor or fatty or crazy
and made you into an alien,
you drank their acid
and concealed it.
Later,
if you faced the death of bombs and bullets
you did not do it with a banner,
you did it with only a hat to
cover your heart.
You did not fondle the weakness inside you
though it was there.
Your courage was a small coal
that you kept swallowing.
If your buddy saved you
and died himself in so doing,
then his courage was not courage,
it was love; love as simple as shaving soap.
Later,
if you have endured a great despair,
then you did it alone,
getting a transfusion from the fire,
picking the scabs off your heart,
then wringing it out like a sock.
Next, my kinsman, you powdered your sorrow,
you gave it a back rub
and then you covered it with a blanket
and after it had slept a while
it woke to the wings of the roses
and was transformed.
Later,
when you face old age and its natural conclusion
your courage will still be shown in the little ways,
each spring will be a sword you'll sharpen,
those you love will live in a fever of love,
and you'll bargain with the calendar
and at the last moment
when death opens the back door
you'll put on your carpet slippers
and stride out."
~ Anne Sexton
Monday, February 15, 2021
"Texas Deploys National Guard As 'Grid Chaos' Leaves Millions Freezing In Darkness"
"Texas Deploys National Guard
As 'Grid Chaos' Leaves Millions Freezing In Darkness"
Update (1612 ET): "The Southwest Power Pool (SSP), which manages the electric grid and wholesale power market for the central US, including Kansas, Oklahoma, portions of New Mexico, Texas, Arkansas, Louisiana, South Dakota, North Dakota, Montana, Missouri, Minnesota, Iowa, Wyoming, and Nebraska, released an update Monday afternoon saying 17 states have "curtailed energy usage to balance supply and demand." Frigid air continues to pour into the central US, overwhelming power grids, forcing operators to implement rolling blackouts like a third world country."
"Oncor Electric Delivery, Texas's largest transmission and electric distribution utility, serving more than ten million customers, released a rather disturbing statement Monday morning warning about extended rolling blackouts as temperatures hover around zero. So... no power for hours with temperatures at 3F."
Please view this complete article here:
"The Economic Crisis Caused By This Pandemic Has Dramatically Altered How Americans Living Their Lives"
"The Economic Crisis Caused By This Pandemic Has
Dramatically Altered How Americans Living Their Lives"
Full screen recommended.
by Epic Economist
"The economic recession resultant from the health crisis is dramatically changing the way Americans live their lives. Millions upon millions of U.S. workers have been experiencing major financial setbacks, which have been causing immense stress and leading people to engage in self-destructive patterns of behavior, such as drug and alcohol abuse. However, even more concerning evidences that show how these financial struggles are altering the way we manage our lives can be seen in the very foundations of our society.
Housing arrangements are getting increasingly more precarious as the economic situation of numerous individuals is gradually worsening. The health crisis is forcing people to make some very hard choices. Since a significant part of our population remains jobless or working in limited conditions, many can't afford to pay rent and have been abandoning their homes to live in vehicles, even though we are right in the middle of one of the toughest winters ever registered. As the economic deterioration is spreading across all sectors of our nation our living standards are being downgraded, and the new harsh reality millions have been facing is turning the American dream into the American nightmare. That's what we discuss in this video. So stay with us, and don't forget to share and leave a thumbs up in this video, and, of course, subscribe to our channel to keep updated with the next chapters of the economic collapse.
As we reported just yesterday, the recent ice storm has created a dramatic spike in demand, and this has pushed natural gas prices to unprecedented levels, skyrocketing up to 32,000% in some locations. It leaves us wondering if a short-term chillwave can cause this much disorder, what would happen during a long-term national emergency? Given that Congress and the Federal Reserve don't have any plans to cut back on spending, the enormous increase in our money supply will eventually result in an aggressive inflation, and our paper dollars will become worthless while prices of pretty much everything will continuously rise.
Consequently, as living expenses become insanely high, our living standards are gradually decaying. While some Americans can still afford to pay overly inflated natural gas and electricity prices to keep their homes heated during this ravaging winter, a considerable part of the population is being forced to live in their vehicles due to outbreak-fueled woes. The rates of vehicle-dwellers are likely to grow even further as the government safety net is expiring and evictions and foreclosures are on the rise.
Right now, approximately, one in 500 Americans is homeless, mostly on the West Coast and in the Northeast region, according to recent estimates. But homeless advocates argue that people without permanent housing are chronically undercounted. Data is really hard to track, especially because there are tens of thousands of people living in their vehicles rather than on the streets.
For many who are experiencing homelessness, living in a vehicle is a better alternative to shelters or encampments. Vehicles provide a greater degree of autonomy and privacy, as well as more security and protection. Also, it's a more comfortable option for families staying together. Oftentimes, shelter curfews make holding down jobs with irregular hours incredibly hard, if not impossible. Vehicle-dwelling also offers the possibility of enhanced isolation, which has helped many escape the worst stages of the outbreak.
In many jurisdictions, there is a ban against people sleeping overnight in their cars, and those who violate the prohibitions have to face really costly fines. In some cases, parking tickets and towed vehicles can be devastating for these people and cause them to lose their shelter and all their belongings, leaving them much more vulnerable than before and much less likely to recover financially. Many of those who have been forced to become vehicle-dwellers because of the health crisis used to live comfortably in their middle-class lifestyles, but now everything has changed.
Unfortunately, at some point, eviction moratoriums are going to be lifted and numerous experts have been alerting to what has the potential to be the largest tsunami of evictions in American history, which means a lot more people are going to end up sleeping in their vehicles - if they're lucky enough to own a car. These are undoubtedly very troubled times, and things are about to get even more troubled in the months ahead."
Must Watch! “Economy Running On Fumes As Americans Rent TVs And Furniture; Markets Overheating; Evictions”
Jeremiah Babe,
“Economy Running On Fumes As Americans Rent TVs And Furniture;
Markets Overheating; Evictions”
Musical Interlude: Josh Groban, "You Are Loved (Don't Give Up)"
Josh Groban, "You Are Loved (Don't Give Up)"
Full screen highly recommended.
"A Look to the Heavens"
“Like delicate cosmic petals, these clouds of interstellar dust and gas have blossomed 1,300 light-years away in the fertile star fields of the constellation Cepheus. Sometimes called the Iris Nebula and dutifully cataloged as NGC 7023 this is not the only nebula in the sky to evoke the imagery of flowers. Still, this remarkable image shows off the Iris Nebula's range of colors and symmetries in impressive detail. Within the Iris, dusty nebular material surrounds a hot, young star.
The dominant color of the brighter reflection nebula is blue, characteristic of dust grains reflecting starlight. Central filaments of the dusty clouds glow with a faint reddish photoluminesence as some dust grains effectively convert the star's invisible ultraviolet radiation to visible red light. Infrared observations indicate that this nebula may contain complex carbon molecules known as PAHs. The bright blue portion of the Iris Nebula is about six light-years across.”
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