Full screen recommended.
Dan, iAllegedly PM 8/4/21:
"Countdown to the Crash - Everything is Teetering Right Now"
"Many experts feel that there is a crash coming. There is
basically a countdown going on right now to the crash. Are you ready?"
So, we rise from the rubble...
Wednesday, August 4, 2021
"Bank Meltdown; Save Money To Survive Debt Collapse; Landlords Struggle To Survive"
Jeremiah Babe, PM 8/4/21:
"Bank Meltdown; Save Money To Survive Debt Collapse;
Landlords Struggle To Survive"
"Americans Are Taking On Debt As If Tomorrow Will Never Come"
Full screen recommended.
"Americans Are Taking On Debt As If Tomorrow Will Never Come"
by Epic Economist
"If you overlook some risks and forget about long-term consequences, spending money as you please seems a quite tempting idea. For instance, instead of calculating what sort of mortgage payment you can actually afford, why not try to purchase your $600,000 dream home? You only live once, right? And, since you already crossed that line, why not taking a sizable loan to buy yourself a brand new $60,000 SUV instead of driving around your dumpy old car for another year or two? Wouldn't that be awesome? While you are at it, why don't you go shopping and max out all your credit cards to get everything you always wanted? Don't think about the credit card interest, just go there and do it. Well, if all of this sounds good but probably too crazy for you, it's because it is. However, many Americans haven't been thinking much about long-term consequences these days.
With a federal government that spends money as it grows on trees when it comes to money management, our society is lacking role models. Our government debt is currently sitting at 28 trillion dollars and yet all our leaders think about is spending more and more money. Americans have now officially more debt than ever before. According to the Federal Reserve Bank of New York, a major increase in credit card spending and home purchases caused U.S. household debt to jump by $313 billion, or 2.1%, in the last quarter, marking the largest increase in consumer debt in seven and a half years.
Economists are worried we might be repeating the same disruptive spending behavior we did in the past. After being showered with trillions upon trillions of dollars by the federal government, you would imagine that Americans would be in pretty good financial shape these days, right? Sadly... that's not the case. Most of that money only contributed to making the gap between the wealthy and, well... "the rest of us," even larger. According to a new study from Oxford Economics, Americans added nearly $4 trillion to their savings during the health crisis recession, but most of the gains went to the wealthy. The study estimates that consumer spending in the coming months and years will be strongest at the top and significantly lower at the bottom 99%.
Rising inflation will play a major role in the deterioration of our finances and the collapse of our spending. Americans are already seeing living expenses go up while the price of consumer goods keeps on hitting new record highs. Finding an affordable home to buy has become simply impossible, and with rent prices soaring, more than 12 million families are still in danger of being evicted. The federal moratorium has ended, but after major backlash, the new administration decided to come to the rescue and issued a targeted moratorium in areas hardest hit by the virus outbreak. The move replaced the CDC nationwide evictions freeze that expired last Saturday, but major legal questions still remain.
Despite affirming to have asked for legal advice from constitutional scholars to determine whether the CDC had the legal authority to issue a new evictions action, the President passed the new action without Congress authorization. He said that even if the courts invalidate this new moratorium, it will buy some time for his administration to get aid more money for rental relief. However, the federal government allocated $46 billion in rental assistance just a couple of months ago. The question remaining is: where did all that money go? It doesn't add up.
Even more worrying is the fact that the President of the United States ignored the U.S. Constitution to get more money using the eviction crisis as justification. It is safe to say that if he actually gets more money, most part of these dollars won't end up assisting those who need it the most. Without a question, the eviction crisis should be averted. Is the President choosing the right approach to prevent it? Absolutely no. Sadly, his approach is typical of how most Americans deal with things. Most of us tend to act impulsively, without considering the impacts our actions might have in the long run. We throw money up in the air expecting it to fix all of our problems as if tomorrow will never come, but "tomorrow" always arrives eventually, and when it finally does, we will have to face a painful reckoning. Unfortunately, our "tomorrow" looks darker and more chaotic most people would dare to imagine."
Dr. Joseph Mercola, "Why I Am Deleting All Content After 48 Hours"
"Why I Am Deleting All Content After 48 Hours"
by Dr. Joseph Mercola
"We are at the crossroad where change is unavoidable. We all must make choices that determine our future. To many, this looks like a war… but what we need to find is peace. I am going to find peace through this sacrifice.
Just to be clear, ALL my content will be removed. This includes articles on:
Great Reset,
General nutrition,
the coronavirus,
and my interviews with experts.
These will be removed to appease the individuals in power who have an arsenal of overwhelming tools at their disposal, and are actively engaged in using them. COVID-19 has activated and authorized emergency powers that have weakened our constitutional rights. Sadly, cyberwarfare and authoritarian forces are beyond our abilities to withstand, and this is now our only way forward."
Visit our website: https://www.mercola.com/
Gregory Mannarino, AM 8/4/21: "Must Watch! The US Economic MELTDOWN Just Took A Dramatic Turn For The Worse"
Gregory Mannarino, AM 8/4/21:
"Must Watch! The US Economic MELTDOWN
Just Took A Dramatic Turn For The Worse"
Tuesday, August 3, 2021
Musical Interlude: The Moody Blues, "Tuesday Afternoon", "Nights In White Satin"
The Moody Blues, "Tuesday Afternoon"
The Moody Blues, "Nights In White Satin"
"Every Bubble is About to Burst - It's All Risky Business"
Full screen recommended.
Dan, iAllegedly PM 8/3/21:
"Every Bubble is About to Burst - It's All Risky Business"
"Congress is on vacation and you are left to fend for yourself. Everything is about to burst from the real estate market, stock market and this massive inflationary spike. I’m at Central Park in Huntington Beach California."
"A Look to the Heavens"
"Gorgeous spiral galaxy NGC 3521 is a mere 35 million light-years away, toward the constellation Leo. Relatively bright in planet Earth's sky, NGC 3521 is easily visible in small telescopes but often overlooked by amateur imagers in favor of other Leo spiral galaxies, like M66 and M65. It's hard to overlook in this colorful cosmic portrait, though.
Spanning some 50,000 light-years the galaxy sports characteristic patchy, irregular spiral arms laced with dust, pink star forming regions, and clusters of young, blue stars. Remarkably, this deep image also finds NGC 3521 embedded in gigantic bubble-like shells. The shells are likely tidal debris, streams of stars torn from satellite galaxies that have undergone mergers with NGC 3521 in the distant past."
"This World...."
"This world, after all our science and sciences, is still a miracle;
wonderful, inscrutable, magical and more, to whosoever will think of it."
- Thomas Carlyle
The Poet: Rainer Maria Rilke, "Book of Hours II, 16"
"Book of Hours II, 16"
"How surely gravity's law,
strong as an ocean current,
takes hold of even the strongest thing
and pulls it toward the heart of the world.
Each thing-
each stone, blossom, child-
is held in place.
Only we, in our arrogance,
push out beyond what we belong to
for some empty freedom.
If we surrendered
to earth's intelligence
we could rise up rooted, like trees.
Instead we entangle ourselves
in knots of our own making
and struggle, lonely and confused.
So, like children, we begin again
to learn from the things,
because they are in God's heart;
they have never left him.
This is what the things can teach us:
to fall,
patiently to trust our heaviness.
Even a bird has to do that
before he can fly."
~ Rainer Maria Rilke
"Marching to Victory"
"Marching to Victory"
By Bill Bonner
POITOU, FRANCE – "We love a good parade as much as the next guy. And a good war. The sound of the trumpet! The shine of the medals! The thrill of the ranks… marching to victory! Out on the battlefield, the front-line troops give ‘em hell… while back at home, mom and dad follow the glorious fight on the wireless… proud of their sons and daughters… And as long as the money keeps flowing… who cares what is really going on?
Career Opportunity: “War is the health of the state,” as the writer Randolph Bourne put it. Especially a war it can’t win, adds Bill Bonner. And now, with “breakthrough infections,” new “variants,” and vaccinated people still getting sick…
Hey, like the War on Poverty, the War on Drugs, and the war in Afghanistan, the War on COVID-19 is turning out to be a career opportunity for the feds…and a real moneymaker for their main suppliers – the drug companies. Forbes reports: "Operation Warp Speed (OWS)- the U.S. government’s Covid-19 relief program - would dole out $22 billion to Big Pharma." "The amounts of money were the kinds of sums normally seen in the smaller defense budget line items, but were massive for a public health project- $2.5 billion to Moderna, $1.2 billion to AstraZeneca, half a billion dollars to Johnson & Johnson, and $1.6 billion to a small company called Novavax. Only Pfizer opted out of ponying up to the trough at first - it didn’t want to devote resources to coordinating with the US government on its work."
In July, Pfizer signed a $1.95 billion deal to sell one hundred million doses of its two-shot vaccine to the United States, enough for fifty million people. It turned out to be a profitable move for Pfizer. The New York Times: "Pfizer Reaps Hundreds of Millions in Profits From Covid Vaccine." The vaccine brought in $3.5 billion in revenue in the first three months of this year, nearly a quarter of its total revenue, Pfizer reported. The vaccine was, far and away, Pfizer’s biggest source of revenue.
Federal Case: When COVID-19 came to light, all over the world, authorities might have treated it like any other health challenge. They might have alerted local officials… and warned vulnerable people to take cover. Instead, for better or for worse, almost all of the major nations – save, perhaps, Sweden – made a federal case out of it. They went to war.
They attempted to stop the virus… isolate it… to trace carriers… to block transmission… and to stifle its spread. The strategy seemed reasonable enough, if your aim was to treat it as an enemy. But the virus must have broken the code. It seemed to know what the field marshals were up to. It changed its tactics. Its new Delta variant is said to move quickly. It sneaks through our lines – even those of the veterans who are fully vaccinated.
And here’s the latest from the front, The Washington Post reporting: "Florida breaks record for new coronavirus cases as surge of infections rips through state. The data shows the severity of the surge in Florida, the epicenter of the U.S. outbreak and now responsible for 1 in 5 new infections nationally. The previous peak in Florida had been on Jan. 7, when the state reported 19,334 cases, according to the CDC - before the widespread availability of coronavirus vaccinations. Florida has reported an average of 15,818 new cases a day over the past seven days, according to data compiled by The Washington Post."
The best wars – from the feds’ point of view – are those where the enemy never gives up… but can’t win either. Then, the conflict drags on for years. The feds spend trillions… get battlefield promotions… and reward their friends with contracts (guaranteeing a rich retirement for the insiders as “consultants” to their former suppliers).
Criminal Victims: So far, there is still no conclusive evidence that going to war with the virus really pays off. The headlines are full of alarums. But the death statistics show little connection between the war effort and the body count. Despite its sans souci approach, Sweden still has fewer deaths per 100,000 than the U.S., U.K., France, or Italy.
Argentina is notable, with a higher fatality rate than any of them… and also the strictest control measures. We spent nine months there last year. Roadblocks kept us from going anywhere. Everything was closed. The whole country was locked up… You needed a special permission to come in or go out. And now, Argentina is leading the way to the future (we fear) by turning the victims into criminals. Yes, the gauchos are cracking down. Here’s a message received from friends:
"Today's Infobae newspaper says that 20 people are down with the Delta version of COVID-19 and that five others have been arrested for violating articles 202 and 205 of the Argentine Penal Code. Article 202 of the Argentine Penal Code says [in an awkward translation]: “Shall be punished with seclusion or imprisonment for three to fifteen years a person who spreads a dangerous and contagious disease to others…”
Article 205 of the Argentine Penal Code says: “Will be punished with imprisonment for six months to two years he who violates the measures adopted by the competent authorities for impeding the introduction or propaganda [it probably is supposed to say propagation] means “of an epidemic.”
Found and Fined: All over the world, as we reported last week, the warriors are running out of patience with the malingerers and peaceniks. Far from giving up the war as a lost cause, they want a surge. Here’s the latest from the Earth’s underside, The Daily Mail: "Australia uses helicopters and the ARMY to enforce its 'Zero Covid' lockdown as thousands of police flood Sydney to enforce the rules and hand out $500 no-mask fines - with just 17% of adults vaccinated. Sirens blared across the city and a draconian message was broadcast from the skies, as millions were told: 'This is public health order - do not break rules - you will be found and fines issued.'
Yes… COVID-19 appears to be here to stay… along with a long war against it. And tomorrow, we look at yet another enemy… and another “transitory forever” war. Stay tuned…"
"Stop the Lies"
"Stop the Lies"
by Jim Rickards
"Health officials continue to lose credibility over COVID-19. They seem to change their minds daily based on whim rather than science. But that’s been the case since the pandemic started.
Going back to last January, official comments on COVID have been mostly wrong. The comments were either outright lies or were prescriptions based on politics, not medicine.
In January 2020, the World Health Organization said there was no human-to-human transmission of COVID. They knew better because of data from China, so that was a lie. Dr. Anthony Fauci said there was little risk of COVID coming from China to the U.S. Another lie. Then, over the course of 15 months, Fauci said not to wear masks, then he said to wear them, then he said you could take them off. Now, he says it’s time to put them on again.
Fauci is an over-the-hill bureaucrat, not a true scientist. His greatest skill has been successfully navigating the Washington swamp for the past four decades. He’s heavily conflicted because he owns patents on inputs to the vaccines. He also has a lot to hide, because he funded the Wuhan laboratory coronavirus research in the first place. The science is clear that masks don’t work (because the virus is far smaller than the mask weave), and lockdowns don’t work (because people indoors in confined spaces spread the virus faster than people outside who are in motion).
Masks are positively dangerous for children because they force you to breathe your own CO2, which causes dizziness, lethargy, inability to focus and can cause people to pass out. The latest lie is Biden’s call for vaccine mandates for federal workers or weekly testing, masking and distancing.
What Vaccine Mandate? The White House had repeatedly said there would be no federal vaccine mandates. It’s true that there is no single mandate that applies to all Americans. But there are now hundreds of mini-mandates that add up to the same thing. Biden’s federal worker mandate covers 4 million federal employees and as many as 4 million federal contractors.
Meanwhile, universities are imposing vaccine mandates on returning students. Large companies like Facebook and Google are imposing vaccine mandates on their workers. New York State has imposed a vaccine mandate on state workers. Sports and entertainment venues are barring anyone who cannot prove they have been vaccinated.
When you add it all up, we’re turning into a society of vaxxed and unvaxxed where the latter are denied the opportunity to work, attend school, go out for a show or sporting event and so on. “There is no vaccine mandate,” they’ll say. But in reality, the unvaccinated will be treated as second-class citizens who can’t live regular lives or participate fully in society.
Cheap, Effective Therapeutics Are Suppressed: At the same time, health authorities have suppressed cheap, effective therapeutics like Ivermectin and hydroxychloroquine that can significantly reduce COVID hospitalizations and deaths. These drugs have been around for decades and are extremely safe. But the alphabet soup of health agencies says they need more testing before they can be approved. Yet these are the same people who are shoving experimental gene therapy down people’s throats, which were rushed through on an emergency basis without the usual testing that takes years.
Any health professional who cites the benefits of these therapeutics can be banned from social media, despite numerous clinical studies that demonstrate their effectiveness, especially if used in the early stages of illness. They aren’t magic bullets, but the data indicate they provide substantial benefit.
Why are public health authorities so determined to suppress these cheap but effective therapeutics? Well, you might want to follow the money. The FDA granted emergency use approval for the vaccines. But for the FDA to grant that emergency approval, “no formally approved alternatives” can be available at the time. If these other therapeutics were deemed effective, the vaccines couldn’t be rushed through on an emergency basis. And a lot of powerful interests stood to profit from the vaccines. They wouldn’t profit from off-patent therapeutic drugs that might cost pennies per pill.
Meanwhile, the push for new lockdowns, universal vaccination and vaccine passports continues. It’s a Brave New World, and it’s not going away soon."
Gerald Celente, "The Declaration of Vaccination, We The People Shall Not be Free"
Very strong language alert!
Gerald Celente, "The Trends Journal,"
"The Declaration of Vaccination, We The People Shall Not be Free"
"The Trends Journal is a weekly magazine analyzing global current events forming future trends. Our mission is to present Facts and Truth over fear and propaganda to help subscribers prepare for What’s Next in these increasingly turbulent times."
"Shipping Container Shortage & Soaring Freight Rates Are Severely Aggravating Supply Chain Crisis"
Full screen recommended,
"Shipping Container Shortage & Soaring Freight
Rates Are Severely Aggravating Supply Chain Crisis"
by Epic Economist
"Last week's events were another major blow for global supply chains and now industry experts are warning businesses and consumers more delivery delays, shortages, and even more acute price hikes are coming. A series of disasters, including devastating floods in China and Europe, could result in empty grocery shelves, out-of-stock products, and prolonged shipping delays, exacerbating the already strained global supply chains. Western Europe and China’s Henan province - key transportation centers and home to several major businesses - are struggling to resume operations as the disasters have severely damaged railways used for the delivery of goods and raw materials in both regions. Companies in the supply chain industry reported that "water rushed into industrial areas extensively damaging facilities".
In an interview with CNBC, Pawan Joshi, the executive vice president of supply chain software firm E2open, said that “Black Friday and the holiday season, for which products and raw materials are being staged, will face the brunt of the impact,” he added that “consumer electronics, dorm room furniture, clothing, and appliances will all continue to be in short supply as back-to-school shopping starts up, and will trickle into the peak holiday shopping season". Delays from the distribution of raw materials necessary to produce goods will have a ripple effect and disrupt supply chains “for weeks and months,” Joshi highlighted. "Come Black Friday, we can likely expect to see prices rise for all sorts of goods such as consumer electronics, furniture, apparel, and appliances,” he told CNBC.
Amongst the hardest hit industries by the brutal floods is auto. Many of the biggest automakers in the globe along with their suppliers are based in regions that were critically affected by the disaster. Now that automakers were finally being able to start ramping up production, the disruption will likely hammer car manufacturing once again, with shipping delays expected to stall operations at several plants for months. The global shipping crisis is worsening at a quite alarming pace. Even Apple CEO Tim Cook stressed that freight costs are way too high. In a year, freight rates skyrocketed by nearly 500%, and they continue to reach unprecedented levels with each passing month. If billionaires are complaining about the staggering surge, for small business owners is has become simply impossible to find affordable vessel space to send their products overseas.
The main factor pushing shipping prices to sky-highs is the container crisis that started in September 2020. Almost one year later, the situation has only got worse, and the main problem behind the critical shortage of containers is the extraordinary surge in demand for consumer goods coming from China. Chinese companies are so eager to refill containers that shipping lines are sending them back to Asian ports rather than waiting for them to be restocked with U.S. products such as crops. That is aggravating the container shortage, and resulting in soaring transportation costs.
Shipping industry experts are estimating that only half of the normal container supply will be available for U.S. businesses to send their products in the September-October period when new crops are supposed to be moving to overseas markets. But several farmers and ranchers are already aware that they will remain unable to send their products across the ocean, and some of them are being forced to make some extremely painful choices. "We’ve already begun the process of laying off half of our staff,” one California farmer said, noting that shipping lines are canceling traditional container routes to focus on getting empty containers back to China.
The container shortage issue is particularly concerning for the U.S. agricultural industry, which is comprised of many small farmers that supply niche products to buyers who don’t want to buy bulk commodities. For instance, 40 percent of California's nuts and 35 percent of oat crops travel by container to markets around the world. But now, that number is expected to sharply drop due to the lack of available containers.
According to Jordan Atkins, the vice-president of WTC Group, a transloading company, there is no end in sight to the container crisis. “We’re seeing the demand that is causing these imbalances continue for at least the next six to eight months,” he said.
Already, shipping delays are having serious impacts across several U.S. industries as companies try to recover amid the reopening. Unfortunately, inflated prices are here to stay and what we're seeing right now is just the beginning. As supply chain woes get dramatically aggravated and imbalances between supply and demand get even more acute, the worst is yet to come, and in the coming months, we will all be seeing how ravaging the inflation crisis will turn out to be."
"Wake Up, It's Getting Real; Debt Defaults And Rate Hikes Coming; Household Debt Soars; Prepare Now!"
Jeremiah Babe, PM 8/3/21:
"Wake Up, It's Getting Real; Debt Defaults
And Rate Hikes Coming; Household Debt Soars; Prepare Now!"
Gregory Mannarino, AM/PM 8/3/21
Gregory Mannarino, AM 8/3/21:
"Very Important Updates"
Gregory Mannarino, PM 8/3/21:
“Hyperbubble! Start Betting Against It Right Now”
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