So, we rise from the rubble...
Friday, July 23, 2021
"Big Fail"
"Big Fail"
by Jim Kunstler
"Is it still lying if you’re senile? Ethics experts and other viziers of morality might puzzle that out now that something-like-truth is emerging about Covid-19 and the vaccines that have set-up about 150-million Americans - and many more folks in other countries - for a premature exit from this world by way of thrombotic organ failure.
Hence: did the blunt tip of the “Joe Biden” regime’s spear, Ol’ White “Joe Biden” himself, actually lie Wednesday when he told American’s (and the world) that the Covid-19 vaccines are safe? And to “stay calm and get vaccinated?”
The “Town Hall” format featuring “JB” was like one of those old carnival tent shows where a microcephalic is brought onstage to perform awesome intellectual feats, like counting from one to ten (skipping the number seven) to the delectation of the assembled bumpkins with normally-sized but perhaps lopsided heads. “Joe” dazzled the Ohio crowd with a series of impromptu utterances that were not just word-salad but a whole cold buffet of fugitive thoughts. For instance: "And we must be the leader of the free world. If we don’t do it, nobody good is likely to do it or has the capacity to do it. I really mean it. I genuinely mean it. So, it’s the thing, Don, that is the only time - and by the way, the first time I walked down stairs and they played “Hail to the Chief,” I wondered, “Where is he?”
This does kind of raise the question: how are the other nations of the world going to feel about us when they discover that vaccines developed by American companies under US Government grants have gifted scores of millions of their citizens with thrombotic organ failure? Brace for impact. Oh, and by the way, since our military personnel were first-in-line for the vaxes, how does that bode for our preparedness in the event of some severe geopolitical unpleasantness?
On the other hand, Dr. Tony Fauci (a.k.a. “The Science”) did not appear to be senile in his Senate testimony this week, just desperate, since the full story of how his long and rather secretive campaign to heroically develop the vaccine-to-end-all-vaccines - which seems to have come to grief in this Covid-19 catastrophe - is just busting come out. And the story, as I understand it, is that for over twenty years Dr. Fauci has been pumping gazillions of taxpayer dollars into the creation of bio-weapon-grade coronavirus research, and vaccines against them, while registering patents on all that staff. Also, that there was nothing “novel” about the “novel” coronavirus SARS-CoV-2 (Covid-19). Rather Dr. Fauci and his colleagues, such as Peter Daszak of the EcoHealth Alliance, and Dr. Ralph Baric of the University of North Carolina, had been swapping these coronavirus iterations from one lab to another for years - including the Wuhan, China, Lab - seeking to provide a rational for vaccines that they expected to profit from, if only the government (or many governments) could be induced to deploy them.
In the fall of 2019, around the time Covid-19 came on the scene, they were all set to go. Moderna was already at the head of the development line, patents in place, with its computer simulation vaccine featuring the S1 spike protein as its active agent, with Pfizer and Johnson & Johnson taking up the rear. Exactly where and how the virus got loose remains a mystery, though the Wuhan lab release (accidental or otherwise) is one hypothetical story with legs. A less-known one, because the Pentagon’s DARPA was involved in the same virus research, has to do with a US Army delegation sent to China for some sort of ceremonial exercise in the fall of 2019 with, perhaps, infected soldiers, intended to light up that country with yet another in a long-line of animal-to-human viruses… thus priming the heroic debut of Dr. Fauci’s sponsored world-saving vaxes.
Poor Mr. Trump was hustled into the “Warp Speed” cover story for these shenanigans - which perhaps explains why he never looked entirely comfortable onstage with Dr. Fauci and the rest of the White House “team.” Meanwhile news about the efficacy of the vaccines, and especially any adverse reactions to the vaccines, has been very carefully managed by the government, the captive news media, and the - let’s just say it - the evil social media including Facebook, Twitter, and Google’s YouTube.
How much are they squelching the actual numbers of deaths directly related to the vaccines? A savvy correspondent with a medical license writes: "The rate of reporting [adverse reactions] to the VAERS system in the US and Europe is very poor: somewhere between 1 and ten percent of actual events being reported. This obviously means that the actual death rate is likely much higher. So, I would not be surprised if the real number of ‘vax’ induced deaths in the US is in the range of 100,000 or more, much more. This is very reasonable when you take into account the shockingly frequent effects involving myocardial inflammation and blood clotting. Both of these pathologic processes logically stem from inflammation stimulated by massive production of the S1 spike protein by the injected mRNA. The S1 spike protein, as you know, is the inflammation-inducing toxin in Covid infections. There was a major f**k-up by focusing on stimulating the production of S1; they, the PTB researchers, thought that the S1 protein was just a marker for SARs-COV, not the pathogenic toxin. In my opinion, most of the deaths from the mRNA ‘vax’ are going to take much longer via long-term inflammatory damage to the vascular system (including heart tissue, brain blood vessels, etc.). Of course, they will deny that such deaths are related to the ‘vax’ given the time distance from the injection. Too many people, making too much money from the mRNA shot…”
This is where things stand at the apogee of summer. Every day we are learning more about the spike protein time-bombs the vaxed population is walking around with in their veins. And now its coming clear why science has been made such a fetish of lately: because science has failed spectacularly, which is an even greater tragedy because when this stupendous calamity is over, what’s left of the civilized world will, by default, turn to superstition as its logical replacement."
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You may be interested in my podcast interview around
these issues with David Martin, released Thursday, July 22, here.
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Related:
"High also talks about the breakdown of society because so many high-skilled people will die from the jabs. High says the “lockdown plan that would have killed many has failed,” because of President Trump. High also contends, “The power elite are committed. They can’t back down now, and they must continue with the idea of trying to kill as many of us as possible, especially now that we have had this great awakening and they have broken the veil of secrecy so to speak. This is why the door to door thing. Inoculation is not a good thing, and the elite are trying to inoculate 95% of humanity out of existence.
Going back to my data to 2003 and onward, there has always been this area of data that said 1.24 billion people would be dying prematurely. We are at the point right now that a little more than 2 billion people have been inoculated, injected with these mixtures, and if we take the numbers out of various institutes out of London they estimate between 60% and 70% this coming winter will fall ill, and the vast majority of those people will die. This is very close to what my data has predicted since 2003 – 1.24 billion people dying. So, imagine what that is going to do to our social order. At that level, our society will be hovering around breakdown. We won’t have truck drivers, doctors, dentists, and a lot of the healthcare workers inoculated themselves. We won’t have airline pilots, and we may not have pilots for large ships to get them in and out of port. That’s a highly skilled job, and it takes years to train someone.”
High also has data on the massive amounts of bodies that will need to be buried or cremated because of the deaths from the CV19 jabs. It is gruesome."
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Related, an absolute Must Read:
Gregory Mannarino, AM 7/23/21: "Where Is Cash Going To Go In A Total Market Meltdown?"
Gregory Mannarino, AM 7/23/21:
"Where Is Cash Going To Go In A Total Market Meltdown?"
Greg Hunter, "Weekly News Wrap-Up 7/23/21"
"Weekly News Wrap-Up 7/23/21"
By Greg Hunter’s USAWatchdog.com
"The propaganda and vax attacks to scare or coerce people to take the so-called “jab” are reaching new levels of lies and threats. Make no mistake, the mainstream propaganda media and government health experts will not even tell you this is, in fact, an experimental human drug trial to test a gene therapy CV19 vaccine. They will not tell you this is so dangerous that the Vax makers have zero liability if people get killed or injured. This mRNA is a new treatment never tried before and is rolling out on a reckless scale never before seen in human history. Why is the government telling you to take this jab? The White House, this week, said this is “becoming a pandemic of the unvaccinated.” This statement is being made while many fully vaccinated White House staff members are fighting new CV19 infections. Of course, this is being downplayed and covered up – bad optic. Also, new data has come out that in one of the most vaccinated countries on the planet, Israel, 84% of the new cases are with fully vaccinated people. There is also no mention of natural immunity which, according to John Hopkins Dr. Marty Makary, now stands at 50%. Natural immunity gives people a near zero percent chance of getting CV19 again, according to a new study from USC’s school of medicine. Lies by omission and outright lies are coming from everywhere to get the public to take the jab. This is not about medicine.
It looks like rock legend Eric Clapton is no longer down with mass vaccinations. Clapton got fully vaxed a few months ago. He got so ill that he thought he would never play his guitar again. Now, Clapton says he will not play any venues where fans are required to be vaccinated. Is this liberals starting to wake up to the fact they have been poisoned and screwed with this “Plandemic”? You might remember that a few weeks ago, Internet data analyst Clif High said on USAW, when people figure out that they have been poisoned by the CV19 vax, they would strike back and be angry. A much higher percentage of liberals, according to Clif High, have fallen for the experimental gene therapy drug trial. He says 19 out of 20 Democrats have taken or will take the jab.
The Fed keeps telling us that inflation is going to be transitory, and things will fall in price and go back to normal soon. Nobody is buying this in the real world where people are watching their dollars fall in value and are paying more for just about everything. In simple terms, the dollar is tanking. Maybe this is why JP Morgan is the first big bank (with many to follow) that is putting high-net-worth clients into crypto currencies. Bo Polny says this is all part of a “Jubilee year which began in September of last year and ends in early September of this year.” Polny says, “Expect to see in the next four to five weeks a fall of the dollar, the world’s reserve currency. This could start as early as next week causing a run into tangible asset that include gold, silver and crypto currencies like Bitcoin. All hell is about to break loose on evil.”
Join Greg Hunter on Rumble as he talks about
these stories and more in the "Weekly News Wrap-Up 7/23/21":
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Related:
"This Economy is Creating Extreme Have's and Extreme Have Nots"
Full screen recommended.
Dan, I Allegedly, PM 7/22/21:
"This Economy is Creating Extreme Have's and Extreme Have Nots"
"Welcome to Irvine California. The Fed is trying to change it's tune.
Inflation may be coming around and it could be problems ahead."
Thursday, July 22, 2021
"A Look to the Heavens"
"Point your telescope toward the high flying constellation Pegasus and you can find this expanse of Milky Way stars and distant galaxies. NGC 7814 is centered in the pretty field of view that would almost be covered by a full moon. NGC 7814 is sometimes called the Little Sombrero for its resemblance to the brighter more famous M104, the Sombrero Galaxy. Both Sombrero and Little Sombrero are spiral galaxies seen edge-on, and both have extensive halos and central bulges cut by a thin disk with thinner dust lanes in silhouette. In fact, NGC 7814 is some 40 million light-years away and an estimated 60,000 light-years across. That actually makes the Little Sombrero about the same physical size as its better known namesake, appearing smaller and fainter only because it is farther away.
In this telescopic view from July 17, NGC 7814 is hosting a newly discovered supernova, dominant immediately to the left of the galaxy's core. Cataloged as SN 2021rhu, the stellar explosion has been identified as a Type Ia supernova, useful toward calibrating the distance scale of the universe."
"One Needs To Learn The Difference..."
"One of life's best coping mechanisms is to know the difference between an inconvenience and a problem. If you break your neck, if you have nothing to eat, if your house is on fire – then you’ve got a problem. Everything else is an inconvenience. Life is inconvenient. Life is lumpy. A lump in the oatmeal, a lump in the throat and a lump in the breast are not the same kind of lump. One needs to learn the difference."
- Robert Fulghum
"The Apocalyptic Drought In The Western U.S. Is Causing Widespread Crop Failures On A Massive Scale"
Full screen recommended.
"The Apocalyptic Drought In The Western U.S. Is
Causing Widespread Crop Failures On A Massive Scale"
by Epic Economist
"Food prices have been facing meteoric rises recently, but they are about to go even higher because the U.S. agricultural production is being absolutely devastated by what is being considered the worst drought in all American history. This week, the latest reading of the U.S. Drought Monitor brought some extremely concerning news for us. The state of California is now 100% in state of drought, and given that California produces over 60% of the vegetables, fruits, and nuts Americans consume all across the country, this is a major indicator that we will see food shortages and soaring food prices once again in the next couple of months. Evidently, California isn't the only state facing a nightmarish drought right now. Extremely dry weather conditions are covering more territory in our western states than we have ever seen before.
Even though 2020 was one of the worst years for agricultural production in the US, at this time last year only 20 percent of the West was suffering from "severe drought". Today, that number jumped to a staggering 80 percent. What we're facing here is a historic disaster of unprecedented proportions, and our nation's farmers and ranchers and our food supply chains will be dramatically hard hit by this crisis. In fact, the agricultural production of some supplies is already dwindling at an alarming rate.
The truth is that all organic grains, which tend to be grown in concentrated areas, some of which are located in major drought regions, are in a particularly critical situation at the moment. Many farmers are predicting there will be little to no production to harvest in the coming months. In California, 50 of the state’s 58 counties are under a drought state of emergency. For that reason, Gov. Gavin Newsom issued an executive order urging all Californians to "voluntarily reduce water use by 15%". However, for farmers and ranchers reducing water consumption is not as simple as turning off the sprinkler. “While demand for water can be reduced, one thing will not change and that is the public’s demand for food,” explained Jamie Johansson, president of the California Farm Bureau.
Considering California is currently responsible for the production of two-thirds of the nation’s fruits and nuts and one-third of its vegetables, the strains on the water resources needed to grow these crops will be translated into a lower volume of food products going to the stores. At the end of the day, we have to start thinking about what we're going to do if there is simply not enough food to go around because things are going from bad to worse. With the U.S. growing fewer grains, fruits, and vegetables, major food chains are getting increasingly dependent on exports, mostly from Canada. The bad news is that Canada is suffering just as much if not more from extreme dryness. In a recent report, local farmers revealed that a never before seen "heat dome" has literally burned their crops before harvest.
Meanwhile, the corporate media is giving very little coverage about the severity of this crisis. The stories simply don't make justice to what is actually happening and, most importantly, no one is talking about the consequences this will have in all of our lives. It's hard to understand why the federal government isn't taking action to ease the impacts of this disaster. All over the world, several countries are also currently facing the consequences of the climate crisis, but other national governments are actively taking steps to turn things around. Even billionaires in the food industry have been sharing their concerns about the frightening pace of inflation growth. In a recent interview with Fox Businesses, John Catsimatidis, the owner and CEO of Manhattan-based grocery chain Gristedes Foods, said that he expects 10% to 14% food inflation by October and that Americans should brace for higher prices for basic expenses in the coming months.
In other words, what we have witnessed so far was just the very beginning and there will certainly be much more financial and economic pain in 2022 and beyond. That is to say, it's very unlikely food prices will ever be lower than they are right now. So if you can afford to stockpile the supplies you need before prices have gone out of control, just do it while there's still time. Scientists are telling us that this is a multi-year “megadrought”, and what we've seen is just the tip of the iceberg. Unfortunately, there seem to be many more chapters to this story and we must get ready for the looming disasters."
"Federal Printing Press Is Overheating; Financial System Is Toxic - Get Out! Job Losses Spike; Real Estate"
Jeremiah Babe, PM 7/22/21:
"Federal Printing Press Is Overheating;
Financial System Is Toxic - Get Out! Job Losses Spike; Real Estate"
Gerald Celente, PM 7/22/21: "Trends In The News"
Full screen recommended.
Gerald Celente, PM 7/22/21:
"Trends In The News"
"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over hype and propaganda to help subscribers prepare for What’s Next in the increasingly turbulent times ahead."
"Brave New World"
"Brave New World"
By Bill Bonner
"The vast majority of the experts, including Wall Street, are suggesting that it’s highly unlikely that long-term inflation is going to get out of hand."
– Joe Biden
NORMANDY, FRANCE – "Aren’t we silly, Dear Reader, fussing over inflation? As if we were threatened by a terrible scourge… As if the Huns were at the gates of the city, ready to rape and pillage all within. Well, we can relax. We have it on the highest authority in the world… America’s Numero Uno… jefe de todos los jefes…the brightest star in the whole firmament of Heaven (at least according to democratic theory)… that inflation is nothing to worry about. It’s not going to “get out of hand,” says POTUS.
Yes, the latest readings are shocking. Here’s MarketWatch: "Federal Reserve Chairman Jerome Powell and many economists were surprised by how much inflation has accelerated. May and June prices, as measured by the consumer price index, were up at 8% and 11.4% annual rates over their prior months."
And yes… with a $3 trillion federal deficit to finance… central banks all over the planet “supporting” their economies with more “liquidity”… and the yield on the 10-year Treasury bond sinking (signaling stagflation ahead)…a person with some residual common sense might be alarmed. “Whoa…” he might say. “Time for a rethink.”
Collateral Damage: Fortunately for the authorities, thanks to public schools, Facebook, TV, Republicans, Democrats, and mainstream media… there’s not many people with common sense left. And those remaining who can still think at all can see that the situation is completely hopeless. So there’s no reason to get worked up about it.
Ultimately, inflation is just a very pernicious and corrosive form of taxation. It ruins the economy and corrupts the society; it reduces real economic output and makes people poorer. But these are just collateral damage. The important thing is that it permits the feds to do things the public is unwilling to pay for. And Joe Biden is right; inflation is not “getting out of hand.” Just the opposite. The authorities have a firm grip on it. And they intend to use it… like a sledgehammer on an egg.
Agenda of the Governing Class: Coming into focus, more clearly here in Europe than in the U.S., is the metastasizing agenda of the governing class (GC). Emboldened by its new power (it shut down much of the world’s economy)… enriched by printing new money (an estimated $27 trillion was put into service in the last 18 months)… and enamored with its own list of fantasies…it aims to bring its hammer down hard.
It’s no longer enough just to keep the party going, as we hypothesized yesterday. Nor is it enough to merely shift wealth, power, and status to itself, as every GC does. Nor will it suffice to make a fairer, better, safer world, as it claims to want to do. And certainly not a richer world, either… though that, too, is a pretense for many of its actions.
Nope. Now, the ruling elite intends to use its new power to create a new world. Here’s the quote from European Central Bank head, Christine Lagarde, that we showed you last week: "As the pandemic passes, we need to shift the focus from preserving the economy to transforming it. This will require us to redirect spending by both public and private sectors towards the green and digital sectors of the future."
Brave New World: Ms. Lagarde has no more idea what’s coming down the pike than we do. She doesn’t mean to prepare for the future… but to warp it so it suits her. In a free and honest world, an economy serves the people and adapts as their needs and desires change. How much they want to work… what they want to buy… how much they save… how much they invent – they decide for themselves.
But in this Brave New World, the economy – guided and controlled by central bankers and treasury chiefs – will be brought into service to do, not what the people want, but what the GC wants. That is, it will not respond to the many… but to the few who control its money… and its laws. What this new world will look like exactly, we don’t know. But we don’t think you’re going to like it. More to come…"
"The Truth..."
"In the last few years, the very idea of telling the truth, the whole truth,
and nothing but the truth is dredged up only as a final resort when the
alternative options of deception, threat and bribery have all been exhausted."
- Michael Musto
"Jab Remorse" (Excerpt)
"Jab Remorse" (Excerpt)
By Bill Sardi
"So, now you are vaccinated against COVID-19. 40 trillion packages of RNA have been injected that induce irreversible changes in your blood vessels. Now what?
Depending upon which source of information you believe, your life is in the balance if you make the wrong decision about COVID-19 vaccination. A problem with what I write today is that the information below, which is essential to know to maintain health following COVID-19 vaccination, may induce more fear and anxiety, which is what is driving the pandemic and the misdirected decisions over COVID-19 vaccination. I’ll explain more about this below.
According to Our World Data as of July 20, 2021, 161 million Americans are fully vaccinated out of a population of ~328 million (49.1%). It is difficult to understand why anyone would immunize, not with a vaccine, but a 5-times gain-of-function bioweapon, which is what the COVID-19 RNA/DNA vaccines are. But the news media is running a fright campaign that causes people to make health decisions out of fear.
Trillions of spike protein gene packages released: Immediately following vaccination trillions of gene packages will be released from the deltoid muscle where the vaccine needle entered your arm, and will end up wreaking havoc in your blood vessels.
Canadian cardiologist Dr. Charles Hoffe explains the blood clotting threat these vaccines pose: “The blood clots we hear about which the media claim are very rare are the big blood clots which are the ones that cause strokes and show up on CT scans, MRI, etc. The clots I’m talking about are microscopic and too small to find on any scan. They can thus only be detected using the D-dimer test.”
More than half of Dr. Hoffe’s patients had abnormal D-dimer tests after an COVID-19 RNA shot. A D-dimer test measures the amount of degraded fibrin in the blood, that along with blood platelets, seals wounds. Dr. Hoffe warns these micro-clots harm tissues in the brain, lungs, spinal cord and heart, tissues and organs that cannot not regenerate. Permanent damage results.
Dr. Hoffe (paraphrased): “When the COVID-vaccine is injected into your arm, we now know that only 25% stays in your arm (deltoid muscle) and the other 75% is literally collected by the lymphatic system and fed into the blood circulation. These packages of messenger RNA, in a single dose of Moderna vaccine, for example, there are 40 trillion of these messenger RNA packages injected into your system. These particles absorb into blood capillaries. (Capillaries are the connectors between the red hoses –(arteries) and the blue hoses (veins).
The body detects these gene packages which enter the cells and each gene can generate spike proteins. Your blood vessel system is abnormally turned into a spike protein-making factory. Your body recognizes these spike proteins as foreign and makes antibodies against them. Spike protein then permanently becomes part of the cell wall that lines your blood vessels (called the vascular endothelium).
These spiky proteins stick out, white blood cells (lymphocytes) and antibodies arrive which then attracts blood platelets to form a clot around them. These spike proteins can be revealed by a D—dimer test which will reveal these micro-clots. The D-dimer test only reveals recently-formed micro-clots.
Critics say clots are rare among post-vaccine patients, but those are the large clots that result in strokes and heart attacks. According to Dr. Hoffe, a D-dimer test within 4-7 days of vaccination shows 62% of RNA-vaccine immunized patients have an abnormal D-dimer test. These patients become breathless easily.
Your heart now pumps harder to push blood through these blocked capillaries, says Dr. Hoffe. This induces right-sided heart failure within 3 years. (FYI: The left side of the heart pumps oxygenated blood to the body’s organs and tissues; the right side of the heart accepts de-oxygenated blood and pumps it through the lungs so hemoglobin in red blood cells can attach to oxygen and transport it to the left side of the heart; people with right-sided heart failure typically report symptoms of awakening at night with shortness of breath, shortness of breath when exercising, coughing, wheezing, dizziness, fatigue, lack of concentration, lack of appetite, nausea, sudden weight gain, fluid retention in ankles and legs.)
This is of terrifying concern. The worst is yet to come says Dr. Hoffe. The damage will be cumulative with each shot. Revaccination becomes potentially life threatening.
A noted microbiologist reigns in to educate vaccinated patients: Microbiologist Dr. Sucharit Bhakdi displays what is happening in a visual online graphic. The RNA injected into your body are going to enter the cells that line blood vessels. He points to spiny spike protein that these cells will generate and protrude outwards to attract blood platelets and form micro-clots. Days after vaccination, white blood cells known as lymphocytes as well as antibodies will begin to mount an attack against these cells. If you dare to repeat this (get the second jab), “God help you” warns Dr. Bhakdi."
Please view this complete article here:
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An absolute MUST READ:
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Gregory Mannarino, AM 7/22/21: "This Economy 'By Design' Free-Fall Is Worsening And Leading To An Epic End!"
Gregory Mannarino, AM 7/22/21:
"This Economy 'By Design' Free-Fall Is
Worsening And Leading To An Epic End!"
Greg Hunter, "Reset Means Crash of Epic Proportions - David Stockman"
"Reset Means Crash of Epic Proportions - David Stockman"
By Greg Hunter’s USAWatchdog.com
"Reagan White House Budget Director and best-selling author David Stockman says, “This is not the time to be invested in the markets. A reset is just a pleasant name or a clinical name for a crash of epic proportions, which we will have because the markets are so inflated. There are trillions of dollars that are at risk. To put a dimension on this thing or a way of sizing this, is we have a $60 trillion bubble on the balance sheets of 130 million people in American society, but especially in the top 5% to 10% that own a huge share of the assets. I have no thought about how big the correction will be, but if it were just back to the norm it would be a $60 trillion correction, and that is a pretty big hole in the bucket. If $60 trillion disappears (out of the U.S. economy), it changes everything. It turns the financial system and economic reality upside down.”
How did things get so perilous in the economy? Stockman says look no further than Washington D.C. and the Fed. Stockman explains, “When central banks start to inflate like crazy, you first inflate financial assets. It eventually works its way into goods and services, and that’s where we are now. You get the second stage of inflation as well. There has never been a small group of government officials, unelected at that, who have done more damage, more wanton harm to the economy and to the lives of ordinary people than (Fed Head) Powell and his merry band of mad money printers. This is really an outrage. I say these people are damn near criminally incompetent given what they say about the world, which is totally wrong, given what they’re doing, this massive money printing, which is totally unjustified.”
Stockman thinks there will be a “50% to 75% correction in the financial markets.” Stockman contends, “The only asset that has held its value over time is gold.” Stockman recommends everybody should be holding some gold as insurance against the coming “reset.”
In closing, Stockman warns, “Preserve your assets. This is the last moment in time to be greedy or aggressive or to be overly optimistic about the future. The future is being driven by the policy makers. The whole system is being run by Washington. The Federal Reserve totally dominates the financial markets. The Fed has printed $6.5 billion a day for the past 688 days. They have printed more money in the last 688 days than the Fed did in the first century of its existence.”
Join Greg Hunter on Rumble as he goes One-on-One with
best-selling author and financial expert David Stockman.
(There is much more in the 45 minute interview.)
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Related:
Wednesday, July 21, 2021
"Panic At Sea: 100,000 Sailors Stuck At Cargo Ships As Global Shipping Crisis Goes From Bad To Worse"
Full screen recommended.
"Panic At Sea: 100,000 Sailors Stuck At Cargo Ships
As Global Shipping Crisis Goes From Bad To Worse"
by Epic Economist
"The explosion in consumer demand over the past year and a half was the trigger of the ongoing global shipping crisis. There was some hope demand for goods would ease this year, but up until now, it has stayed at record highs. On the other hand, wait times have never been longer and the logistical nightmare faced by global supply chains seems to have no clear end in sight. Experts are now predicting that it will take at least another year before the shipping crisis starts to stabilize. However, the uncontrolled spread of the new virus variant and the slower pace of staff vaccination may jeopardize that forecast. Unfortunately, this means also the worst is yet to come. Supply chains are about to face many more disruptions and consumers will have to deal with extensive shortages from now on.
The backlog at ports is a problem that has only been intensified since March 2020, compounded by a challenge that definitely won’t be solved in the next five to six months: increasingly large container ships, and ports that haven’t been remodeled to accommodate the gigantic vessels. In fact, the Port of Los Angeles just recorded its busiest month in history, with over 1 million shipping containers waiting to get unloaded. To make matters worse, a shortage of port workers and the unprecedented volume of cargo are overwhelming longshoremen and seafarers who are having to work for months beyond their contracted lines.
At this point, the crew change is severely worsening, with thousands of workers trapped at sea for over a year. "I've seen grown men cry," revealed Captain Tejinder Singh, who hasn't set foot on dry land in almost a year and isn't even sure when he'll finally go home. "We are forgotten and taken for granted," he said in an interview with Reuters. At least one hundred thousand workers are stranded at sea as the Delta variant rapidly spreads onshore. The Maritime Labour Convention highlighted that that the maximum continuous period a seafarer should serve on board a vessel without leave is 11 months, but many thousands of crew have now been at sea for over 16 months. “The situation is going from bad to worse. We need more than lip service from governments, we need concrete action that allows crew changes to be carried out in a safe manner,” stressed Stephen Cotton, general secretary, International Transport Workers’ Federation.
With virus outbreaks occurring on ships and endangering the lives of marine workers, further disruptions on trade are expected, according to a new Bloomberg report. On the flip side, another 100,000 are stuck on shore, unable to board the ships they need to earn a living on. Can you even imagine the nightmare of being stuck at sea for over a year? According to the United Nations, the situation is quickly evolving into a major humanitarian crisis. Given that only 2.5% of seafarers have been vaccinated, the vast majority of them are not allowed to go back home.
An imminent labor crunch could halt global shipping indefinitely and threaten the operations of global supply chains for months. Keeping in mind that the global economy is heavily dependent on the world's almost two million seafarers who operate the global fleet of merchant ships, which transport around 90% of the world's trade, the aggravation of this crisis also poses a major threat to the US supply chains. We are extremely reliant on exports to keep our economy up and running. Everything - from oil to iron, to food and electronics - either comes or is processed overseas. According to Insider's Rachel Premack, this also means that American consumers should brace for yet higher prices and shortages of many products.
As chaos sweeps across global supply chains, we might be headed to a holiday season of empty shelves yet again. Right now, the international shipping crisis is deepening the financial pain faced by our producers as U.S. agricultural exports are seeing their shipping times increase dramatically. The imbalances between supply and demand are only intensifying global supply chain woes. And this crisis will only truly ebb when demand does. “The import level we’ve seen in the past year is astronomical and not something that our infrastructure can handle,” as Premack laid out. This is a tumultuous and unprecedented time, and we all should start getting prepared for the imminent chaos while we still can because there are serious threats emerging on the horizon."
Musical Interlude: Deuter, "Music of the Night: East of The Full Moon"
Full screen recommended.
Deuter, "Music of the Night: East of The Full Moon"
"A Look to the Heavens"
“Here is one of the largest objects that anyone will ever see on the sky. Each of these fuzzy blobs is a galaxy, together making up the Perseus Cluster, one of the closest clusters of galaxies. The cluster is seen through a foreground of faint stars in our own Milky Way Galaxy.
Near the cluster center, roughly 250 million light-years away, is the cluster's dominant galaxy NGC 1275, seen above as a large galaxy on the image left. A prodigious source of x-rays and radio emission, NGC 1275 accretes matter as gas and galaxies fall into it. The Perseus Cluster of Galaxies, also cataloged as Abell 426, is part of the Pisces-Perseus supercluster spanning over 15 degrees and containing over 1,000 galaxies. At the distance of NGC 1275, this view covers about 15 million light-years.”
“This Is Reality - Businesses Ain’t Coming Back; Banks Will Steal Your Home; Don’t Hire Zombies”
Jeremiah Babe, PM 7/21/21:
“This Is Reality - Businesses Ain’t Coming Back;
Banks Will Steal Your Home; Don’t Hire Zombies”
Gregory Mannarino, PM 7/21/21: "Crude Oil SURGES Higher And The FReAk ShOW Stock Market Gains Again!"
Gregory Mannarino, PM 7/21/21:
"Crude Oil SURGES Higher And
The FReAk ShOW Stock Market Gains Again!"
"Time to Grab an Umbrella"
"Time to Grab an Umbrella"
by Brian Maher
"Heavy weather barreled through Wall Street Monday - beneath the weatherman’s detection - and gave investors a savage drenching. Squalling rains washed away 925 points from the Dow Jones Industrial Average… before relenting late in the day. High pressure, high skies and high expectations were back yesterday. The Dow Jones reclaimed 536 points. It took back another 286 points today.
Once again… all is peace. Yahoo! Finance: "Stocks opened higher on Wednesday, following a session in which investors... cast aside their fears that a resurgence of COVID-19 cases might derail a red-hot economic recovery, as strong earnings provided a ballast to beaten-down markets." Strong earnings? "A batch of encouraging second-quarter earnings on Wednesday from industry bellwethers Coca-Cola (KO), Johnson & Johnson (JNJ) and Verizon (VZ) gave investors reason to focus on the fundamentals. All three companies topped market expectations, converging with sentiment that drove Tuesday's rally."
Just so. Yet, we are not half so convinced the weather will hold.
Conditions Are Too Good: The barometric pressure has risen to delirious levels, unsustainable levels. The pressure in the gauge cannot sustain. Mr. Robert Shiller’s famous CAPE ratio for the S&P 500 goes at 38.19 - a near-record. 16 is about par.
Stocks were only pricier prior to the hell storm of 2000. Not even the peak roars of the 1920s approached today’s extravagances. CAPE came in at 32.56 before the Crash of ‘29. Again… today the CAPE ratio goes at 38.19. The S&P - argues Mr. Shiller - is presently more expensive than in 96% of all previous quarters, 141 years running. But might today’s valuations outdo even their 2000 records?
Even More Insane Than 2000: Mr. Fred Hickey, editor of The High-Tech Strategist, argues they do. But the Federal Reserve’s false fireworks blind the vision: "This market is insanely overpriced. The price-to-sales ratio for the S&P 500 is at 3x. That’s 30% above the peak of 2000 which was crazy. Market cap-to-GDP is at record highs, too. Basically, every indicator other than the P/E ratio is at a record high. The only reason the P/E ratio is slightly below the 2000 record is because of all the financial engineering that’s done to try to pump up the earnings. As insane as the 2000 bubble was, this is more insane - and it’s broader. It’s a direct result of the Federal Reserve and the other central banks pumping enormous amounts of money into the system."
In addition: "This market has become terribly narrow which is another big risk. The record highs are driven mostly by five stocks: Apple, Microsoft, Amazon, Google and Facebook. Their combined total valuation is $9 trillion, and people continue to pile into this small group of names. This trend has been accelerated by the movement of passive investing where everybody just piles into the same ETFs.
The market cap of the S&P 500 is $36 trillion, and those five companies are now 25% of the index. So when people put money into the ETFs, they essentially buy more of these big tech stocks. It’s a self-perpetuating phenomenon until it ends - and when it ends, the market is going to collapse because the valuations don’t make sense. Look at Apple: Only a couple of years ago, people were getting excited about Apple hitting $1 trillion. Now its market cap is $2.5 trillion, and the stock trades at 33x peak earnings. That’s absolute insanity!"
Insanity, we must agree, and absolute.
No Problem, Don’t Worry: Yet Wall Street’s drummers insist today’s obscene valuations are justified in full. That is because today’s obscene interest rates - obscenely low interest rates - warrant them. Stripped to bolts and nuts, the argument runs this way: Stock prices merely represent the current value of future cash flows. Lower borrowing costs - lower interest rates - raise earnings. So long as rates remain frozen at low settings, today’s valuations are swell.
Yet analyst Charlie Bilello says have another guess. The theory finds little excuse in the facts… "Mr. Bilello has interrogated the data stretching to 1881. He finds: "If low interest rates were the primary driver of higher valuations, we should see the highest valuations in the lowest interest rate periods. But this is not the case. Instead we find the highest average CAPE ratios [when interest rates were between 4.5% to 6%]. This occurred during the dot-com bubble in the late 1990s and early 2000s."
Meantime, today’s interest rate... paralleling yields on the 10-year Treasury note... pegs along at 1.29%. More, please: "The full data set shows a correlation of -0.24, meaning that there is a slight historical tendency for lower interest rates to be associated with higher valuations (and vice verse). But it’s not nearly as predictive as many suggest.
There have been a number of periods where interest rates and valuations have been low (1934-35, 1938, 1940-1954) and other periods where interest rates and valuations have been high (1995-2000). There is no precise formula that can give you the appropriate valuation at a given interest rate."
This Time Is Always Different: Yet the wish is the father of the thought. Wall Street wishes today’s slim interest rates authorize today’s obese valuations. And so the thought has its father… in the wish. But each stock market delirium runs to different themes, different narratives, all lovely, all logical - and all false. They are all bound together by one common feature: The fool belief that this time is different.
“Stocks have reached a permanently high plateau,” it was argued in 1929. “Markets are perfectly efficient,” it was said in the 1960s. “Earnings do not matter,” it was claimed in 1999. “Low interest rates justify high valuations,” it is blabbed in 2021. Each previous narrative came to grief, wrecked upon reality’s hard rocks. We have every suspicion the present narrative will end upon the identical rocks.
Time to Buy Your Umbrella: We do not know when the great undoing will occur. Nor do we pretend to know. We have forecast too many false tempests, too many false tornadoes, too many false typhoons. Yet we are most alarmed by extended stretches of fair weather. That is when guards come down.
And when guards come down, ours goes up. It is presently up. It is a terrible pity no one purchases an umbrella when it is most available, when blue skies stretch to the horizon. Come the inevitable downpour, most are caught in the open, unprepared. Perhaps this is the time to purchase your umbrella. Many are available. And they are on sale..."
"Animals"
"Animals"
"I think I could turn and live with animals, they
are so placid and self contain’d;
I stand and look at them long and long,
They do not sweat and whine about their condition;
They do not lie awake in the dark and weep for their sins;
They do not make me sick discussing their duty to God;
Not one is dissatisfied - not one is demented with
the mania of owning things;
Not one kneels to another, nor to his kind that
lived thousands of years ago;
Not one is respectable or industrious over the whole earth."
- Walt Whitman
"The World Rests In The Night..."
“The world rests in the night. Trees, mountains, fields, and faces are released from the prison of shape and the burden of exposure. Each thing creeps back into its own nature within the shelter of the dark. Darkness is the ancient womb. Nighttime is womb-time. Our souls come out to play. The darkness absolves everything; the struggle for identity and impression falls away. We rest in the night.”
- John O'Donohue,
"Anam Cara: A Book of Celtic Wisdom"
○
“On the day when
the weight deadens
on your shoulders
and you stumble,
may the clay dance
to balance you.
And when your eyes
freeze behind
the grey window
and the ghost of loss
gets in to you,
may a flock of colors,
indigo, red, green,
and azure blue
come to awaken in you
a meadow of delight.
When the canvas frays
in the currach of thought
and a stain of ocean
blackens beneath you,
may there come across the waters
a path of yellow moonlight
to bring you safely home.
May the nourishment of the earth be yours,
may the clarity of light be yours,
may the fluency of the ocean be yours,
may the protection of the ancestors be yours.
And so may a slow
wind work these words
of love around you,
an invisible cloak
to mind your life.”
○
John O'Donohue was an Irish author, poet, philosopher and former Catholic priest. He was born in County Clare on January 1, 1956. He died suddenly on January 4, 2008. He is best known for popularizing Celtic spirituality and is the author of a number of best-selling books on the subject.
"Tomorrow’s Trouble Is Today’s Fun"
"Tomorrow’s Trouble Is Today’s Fun"
by Bill Bonner
NORMANDY, FRANCE – "The trip on the ferry passed agreeably. The sea was still and smooth… almost like a glass tabletop. We sailed along nicely, not noticing any motion. Arriving in France yesterday morning, we drove down to the Pays d’Auge to spend the night with friends.
“You’ve come at a bad time,” said Jean-Paul. “France is finished. Over. The country is run by criminal morons… It’s a disaster.” “I think they [he was talking about France’s political class… but his comments could easily be applied in America as well] just want to control everything. They don’t want us to go anywhere or do anything. Everything is either prohibited or compulsory. And they think they can make up for the loss of revenue with money from Brussels [from the European Central Bank]."
Dead Industry: “And this ‘Sanitary Pass’ is the worst yet. It’s scheduled to go into effect in September. You’ll need to show the pass to do anything. And if you don’t want to be vaccinated… or just don’t want to get the pass… you’ll be completely isolated. In France, tourism is a major industry. It’s important, and not just for the money. It’s part of what we are… what we do. But tourism is dead.”
Jean-Paul owns a hotel in Paris. “The hotel has been closed now for 18 months. That’s a whole year and a half of revenue that is gone forever. People say ‘You can make it up later.’ But that’s crazy. I only have so many rooms. There’s no way to make up lost revenue. At best, I’ll be able to go back to earning a normal amount of revenue. But I’ll never get back what was lost. And the hotel is going to stay closed until next April. There’s no point in opening now. The Americans aren’t coming."
“I’m lucky. I’ve owned the hotel for many years. I don’t owe money on it. I can just hunker down. A lot of the old hotels in Paris are like that. But anyone who bought a hotel recently… or owes money on it… he’s dead. Broke. Same for the restaurants. There are thousands of restaurants in Paris. They depend on tourists. Without tourists, they have no business. Those who have been around for a long time can afford just to close the doors. But the young guys… who had to borrow money… or pay rent… they’re in big trouble. The government gives them money now… But how long will that last?"
Scam: “I’m glad I’m retiring… I just don’t want to deal with it anymore. I hate the face masks. And, you know, it all just seems like a scam. I got the coronavirus last year. I’ve got high blood pressure and diabetes. I’m 65. And I’m overweight. But it just felt like the flu. My wife had it, too, and didn’t even know she had it. And look, tuberculosis, malaria, auto accidents – they kill millions of people every year… and they’re all preventable. But nobody says we should stop everything because of them.”
Jean-Paul gave a weary, gallic shrug. He lives well in the Normandy countryside, but worries about how his children and grandchildren will make out. “I know I complain about everything… but the real problems haven’t even begun. Just wait until all this money-printing catches up to us. I’m old enough to remember the ‘old franc’ when I was a child. Then, the new franc. And then, the euro. That’ll go away, too. But I don’t know if I’ll still be around to see it.”
Rebound: Meanwhile… back in the USA… MarketWatch announces with great relief: "Dow ends up more than 500 points, recovers from slump Monday. S&P index sees largest one day percentage gain since March 26, 2021.
Explaining what had gone wrong on Monday was Art Hogan, a “chief market strategist” at B. Riley National: "Markets have a way, particularly in the middle of the summer, to price in the worst-case scenario pretty quickly."
Hmmm… Does Mr. Hogan really think a 725-point Dow selloff was the worst-case scenario? By our reckoning, we would need to sell off 10,000 points to get stock prices back to a “normal” price range. In a crash, 15,000 or 20,000 Dow points might disappear.
Tomorrow’s Trouble: But investors must have realized that there is no way the Federal Reserve will permit a genuine selloff. Not if it can help it. So, at least for now, tomorrow’s trouble is still today’s fun. Delta variant? Don’t worry about it. Debt? Who cares? Inflation? Hey… it’s just “supply chain disruptions.”
High stock prices are no virtue. And keeping them inflated is no great achievement; it merely puts off the day on which they are properly priced. But a selloff would end the fun, wouldn’t it? And isn’t that the one and only purpose of Fed policy today – to delay the inevitable reckoning? To inflate now… and die later… and laissez les bons temps rouler in the meantime?
Party On: And here, we turn to economist Ken Rogoff for an explanation of why even higher inflation rates should not stop the party: "Because the US Treasury and the Fed stepped in so quickly and proactively, there were actually fewer corporate bankruptcies in 2020 than in 2019."
Mr. Rogoff notes that bankruptcies usually rise during a recession. Last year was the worst economic setback for the U.S. economy since the Great Depression. Businesses that couldn’t pay their way should have closed up shop. Instead, they got money from the feds… and are still losing money!
Whoopee! In an honest economy, stocks go up and down… and businesses come and go. Some people get lucky. Some get smart. And all get more or less what they deserve. In today’s economy, the zombies get infusions… households get stimmy checks… the stock market gets pumped up… real losses are papered over with fake money… and the party continues… until it ends."
"The Fed Says the Recession is Over - This is a Depression"
Full screen recommended.
Dan, I Allegedly AM 7/21/21:
"The Fed Says the Recession is Over - This is a Depression"
"The Fed has just issued a report saying that the recession is over. It was the shortest recorded session in the history of our country. No one believes this. This is a depression and I’m going to prove it to you."
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