Jeremiah Babe, PM 8/12/21:
"Banks Keep Closing; Credit Cards Cancelled;
Fast Food Jobs Are Now A Career; Worst Is Yet To Come"
So, we rise from the rubble...
Thursday, August 12, 2021
"The 'Infrastructure' Bill"
"The 'Infrastructure' Bill"
by Brian Maher
"We are surprised only that so many are surprised…19 Republican members of the United States Senate hoisted a truce flag… came to terms with their Democratic foes… and signed their names a $1.2 trillion “infrastructure” bill. Thus the 2,700-page Infrastructure Investment and Jobs Act is the “bipartisan” Infrastructure Investment and Jobs Act.
How many horses were traded? How many backs were scratched? How many palms were slicked? Which senators got the heaviest sugaring? We do not have all answers at this time. We have instructed our minions to investigate the particulars. We ordered them off at flank speed, and informed them we expect a detailed report very, very soon. Yet we know a 2,700-page bill can conceal a great deal of rascality… as high grass can conceal a snake… or a woodpile may conceal a skunk. Our men have shoveled up one telling detail, very much in point…
Senator Joe Manchin Holds the Cards: The United States Senate is a house divided against itself - plum down the middle - 50-50. Senator Joe Manchin is the senior senator from the state of West Virginia. He is a Democrat. Yet Senator Manchin is widely considered a “moderate” Democrat. He will graze against the grain when his conscience demands it… and buck his party. He is therefore a sort of makeweight. He can lower his thumb upon the legislative scales… and throw them tipping in either direction.
Given the senatorial mathematics, Democrats need him thumbing the scales their way. Else they are unable to shoulder through their ambitious agenda. Thus an “open for business” sign hangs upon his door in the Hart Senate Office Building. He can charge pretty premiums for his allegiance: “What do I get in return?”
It’s Not What You Know... Now consider: Senator Manchin is married to a certain Gayle Connelly Manchin. Mrs. Manchin chairs a body named the Appalachian Regional Commission. Mr. Biden appointed her to this august position. You might be surprised to learn: The Infrastructure Investment and Jobs Act - of which Sen. Manchin is a sponsor - jams $1 billion into the back pocket of the Appalachian Regional Commission.
Please ask yourself this question: Is it coincidence that the Infrastructure Investment and Jobs Act - of which Sen. Manchin is a sponsor - jams $1 billion into the back pocket of the Appalachian Regional Commission? For the matter of that… is it coincidence that Mr. Biden nominated Mrs. Manchin to chair the Appalachian Regional Commission in the first instance? We hazard these are not coincidences. Yet we have additional questions...
Why Did 19 Republicans Go Along? Why did 19 Republican senators sign their names on Mr. Biden’s dotted line? Why did these illustrious gentlemen and ladies deliver him a political win?
They were aware this $1.2 trillion “hard infrastructure” bill… which is perhaps 20% infrastructure… is tied up to a $3.5 trillion “soft infrastructure” bill to follow. That is, tied up to a $3.5 trillion “human infrastructure” bill. That is, tied up to a $3.5 trillion social spending bill. That is, tied up to a $3.5 trillion bread and circuses extravaganza.
Do we speculate? We do not speculate. Speaker Pelosi has already declared her intent. She has already spread her playing cards upon the gaming table. Reports The Hill: "Pelosi, since the infrastructure talks launched in earnest months ago, has adopted the position that the House will not turn to the $1 trillion infrastructure package until the Senate passes a much larger $3.5 trillion package chock full of Democratic social benefits programs and climate initiatives…
The Speaker has also been clear that the infrastructure package alone is insufficient to tackle the challenges facing the country when it comes to economic inequality, health care disparities, workers rights and the warming planet. It’s those issues that Democrats will address in the second legislative package, which is expected to move under special budget rules, known as reconciliation, which preclude the Republicans’ filibuster powers and allow Senate Democrats to pass the measure with a simple majority."
A second Hill article affirms Republicans knew well the “bait and switch” for which they were falling: "The Republicans knew ahead of time that there would be another bill with a total price tag of $3.5 trillion. They were told of the bait and switch. The second spending plan is led by the self-described democratic socialist, Sen. Bernie Sanders (I-Vt.). No matter what Republicans say about making it painful for Democrats to pass the second bill, their ignorance of reality is how this will be used against them."
The Debt Ceiling: Minority Leader Mitch McConnell seems to believe he holds an ace card up his shirtsleeve - the debt ceiling. The debt ceiling represents the total amount of money the federal government is authorized to borrow. In 2019, Congress suspended the debt limit until July 31, 2021. The ceiling was reestablished at $28.5 trillion. As of this afternoon… August 12, 2021… the national debt runs to $28.6 trillion. That is, above the previously established ceiling.
Absent a resolution to elevate the debt ceiling anew, the government cannot borrow additional monies. Ms. Janet Yellen and her Treasury Department have begun resorting to “extraordinary measures” to keep the government in funds. Yet the Congressional Budget Office estimates the national strongbox will empty in October or November - absent a deal. How can a government running a $2 trillion budget deficit... rub along if it cannot constantly borrow?
The question is the answer. Each and every species of calamity would follow, we are warned. Ms. Yellen moans about the “irreparable harm to the U.S. economy and the livelihoods of all Americans” that would befall the nation.
Will Republicans Use the Debt Ceiling as Leverage? But Senator McConnell has summoned his blood… drawn his line in the beach sand… and hunkered in. He will not aid and abet Democrats’ $3.5 trillion spree, he thunders: "Our friends across the aisle should not expect traditional bipartisan borrowing to finance their nontraditional reckless taxing and spending spree. That's not how this works."
Senate Democrats are wagering that the senior senator from Kentucky will buckle under the political pressure that will fall upon his slender shoulders. Washington Senator Patty Murray, a Democrat, gives him a dare: “Nobody wants to be responsible for a major economic disaster. So my guess is in the fall, he won’t be saying that.”
Argues Democratic Senator Brian Schatz of Hawaii: “I am predicting, with absolute certainty, it will resolve itself uneventfully. Because it always does.”
Meantime, Senate Budget Chair Bernie Sanders (I-Vt.) shoveled up Senator McConnell’s words from the previous debt ceiling “debate:” "Look what I have right here: These are all the quotes of Mitch McConnell, who has said, ‘We will never have America default.’ And he’s right. At the end of the day, Republicans understand ... they’re not going to destroy the economy." We are with Senator Sanders and his Democratic mates...
Fat Chance Republicans Hold Firm: Senator McConnell and his Republicans will blink their eyes. They will erase the line they drew across the sand. They will agree to raise the debt ceiling. We will eat each and every word of this article - without salt, without butter - if wrong.
There may be some limited breaking of lances for honor’s sake. Some slight amount of blood might be drawn… as sometimes blood is drawn in a professional wrestling bout. And for the same reason - to give a good show.
But the blows are false, and the combat is staged. Democrats may agree to scalpel out some blubber from the flanks of the $3.5 trillion enormity they propose. Republicans will proceed to raise their arms in victory. They will yell about delivering a blow for fiscal conservatism. They will then agree to raise the debt ceiling… and shake hands on a $3.49 trillion bill."
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Full screen recommended.
"US Debt of $30 Trillion Visualized in Stacks of Physical Cash"
"We're so freakin' doomed!"
Gerald Celente, "Trends Journal: The Covid War; The Fight of our Lives"
Full screen recommended.
Gerald Celente,
"Trends Journal: The Covid War; The Fight of our Lives"
"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."○
Related, essential:
Musical Interlude: Two Steps From Hell, "Evergreen"
Full screen recommended.
Two Steps From Hell, "Evergreen"
Close your eyes, let your imagination flow with the music...
What images do you see, what do you feel?
"A Look to the Heavens"
"The beautiful Trifid Nebula is a cosmic study in contrasts. Also known as M20, it lies about "5,000 light-years away toward the nebula rich constellation Sagittarius. A star forming region in the plane of our galaxy, the Trifid does illustrate three different types of astronomical nebulae; red emission nebulae dominated by light from hydrogen atoms, blue reflection nebulae produced by dust reflecting starlight, and dark nebulae where dense dust clouds appear in silhouette. But the red emission region roughly separated into three parts by obscuring dust lanes is what lends the Trifid its popular name.
Pillars and jets sculpted by newborn stars, below and left of the emission nebula's center, appear in famous Hubble Space Telescope close-up images of the region. The Trifid Nebula is about 40 light-years across. Just too faint to be seen by the unaided eye, it almost covers the area of a full moon in planet Earth's sky."
Free Download: R.D. Laing, "The Divided Self: An Existential Study in Sanity and Madness"
"The Divided Self:
An Existential Study in Sanity and Madness"
by R.D. Laing
"Ronald David Laing (7 October 1927 – 23 August 1989), usually cited as R. D. Laing, was a Scottish psychiatrist who wrote extensively on mental illness – in particular, the experience of psychosis. Laing's views on the causes and treatment of serious mental dysfunction, greatly influenced by existential philosophy, ran counter to the psychiatric orthodoxy of the day by taking the expressed feelings of the individual patient or client as valid descriptions of lived experience rather than simply as symptoms of some separate or underlying disorder. Laing was associated with the anti-psychiatry movement, although he rejected the label. Politically, he was regarded as a thinker of the New Left.”
"First published in 1960, this watershed work aimed to make madness comprehensible, and in doing so revolutionized the way we perceive mental illness. Using case studies of patients he had worked with, psychiatrist R. D. Laing argued that psychosis is not a medical condition but an outcome of the 'divided self', or the tension between the two personas within us: one our authentic, private identity, and the other the false, 'sane' self that we present to the world.”
Freely download “The Divided Self:
An Existential Study in Sanity and Madness”, by R.D. Laing, here:
◆
"Insights Of R.D. Laing"
"Decades ago, psychiatrist R.D. Laing developed three rules by which he believed a pathological family (one suffering from abuse, alcoholism, etc.) can keep its pathology hidden from even its own family members. Adherence to these three rules allows perpetrators, victims, and observers to maintain the fantasy that they are all one big, happy family. The rules are: Rule A: Don't talk about the problems and abject conditions; Rule A1: Rule A does not exist; Rule A2: Do not discuss the existence or nonexistence of Rules A, A1, and/or A2."
“From the moment of birth, when the stone-age baby confronts the twentieth-century mother, the baby is subjected to these forces of violence, called love, as its mother and father have been, and their parents and their parents before them. These forces are mainly concerned with destroying most of its potentialities. This enterprise is on the whole successful.”
“Children do not give up their innate imagination, curiosity, dreaminess easily. You have to love them to get them to do that.”
“We are all murderers and prostitutes - no matter to what culture, society, class, nation one belongs, no matter how normal, moral, or mature, one takes oneself to be.”
“Insanity - a perfectly rational adjustment to an insane world.”
“We are bemused and crazed creatures, strangers to our true selves, to one another, and to the spiritual and material world - mad, even, from an ideal standpoint we can glimpse but not adopt.”
"Life is a sexually transmitted disease and the mortality rate is one hundred percent.”
“Insanity - a perfectly rational adjustment to an insane world.”
“We are bemused and crazed creatures, strangers to our true selves, to one another, and to the spiritual and material world - mad, even, from an ideal standpoint we can glimpse but not adopt.”
"Life is a sexually transmitted disease and the mortality rate is one hundred percent.”
"What Keeps You Going..."
"What keeps you going isn't some fine destination but just the road you're on, and the fact that you know how to drive. You keep your eyes open, you see this damned-to-hell world you got born into, and you ask yourself, 'What life can I live that will let me breathe in and out and love somebody or something and not run off screaming into the woods?'"
- Barbara Kingsolver
“For this is what we do. Put one foot forward and then the other. Lift our eyes to the snarl and smile of the world once more. Think. Act. Feel. Add our little consequence to the tides of good and evil that flood and drain the world. Drag our shadowed crosses into the hope of another night. Push our brave hearts into the promise of a new day. With love: the passionate search for truth other than our own. With longing: the pure, ineffable yearning to be saved. For so long as fate keeps waiting, we live on. God help us. God forgive us. We live on.”
- Gregory David Roberts, “Shantaram”
"Emotion Processing in Brain is Influenced by Color of Ambient Light"
"Emotion Processing in Brain is Influenced
by Color of Ambient Light"
by ScienceDaily
"We are all aware that a bright day may lift our mood. However the brain mechanisms involved in such effects of light are largely unknown. Researchers at the Cyclotron Research Centre (University of Liege), Geneva Center for Neuroscience and Swiss Center for Affective Sciences (University of Geneva), and Surrey Sleep Research Centre (University of Surrey) investigated the immediate effect of light, and of its color composition, on emotion brain processing using functional magnetic resonance imaging. The results of their study, published in "Proceedings of the National Academy of Sciences," show that the color of light influences the way the brain processes emotional stimuli.
Brain activity of healthy volunteers was recorded while they listened to "angry voices" and "neutral voices" and were exposed to blue or green light. Blue light not only increased responses to emotional stimuli in the "voice area" of the brain and in the hippocampus, which is important for memory processes, but also led to a tighter interaction between the voice area, the amygdala, which is a key area in emotion regulation, and the hypothalamus, which is essential for biological rhythms regulation by light. This demonstrates that the functional organization of the brain was affected by blue light.
The acute effects of ambient light on emotional processing might differ from its longer-lasting effects on mood, but the present findings in healthy subjects have important implications for our understanding of the mechanisms by which changes in lighting environment could improves mood, not only in mood disorders using light therapy, but also in our day to day life, by paying more attention to our light environment at home and in the work place."
- https://www.sciencedaily.com/
Blue lights for everyone!
Chet Raymo, “The (Unattainable) Thing Itself”
“The (Unattainable) Thing Itself”
by Chet Raymo
“Clear water in a brilliant bowl,
Pink and white carnations. The light
In the room more like a snowy air,
Reflecting snow. A newly-fallen snow
At the end of winter when afternoons return.
Pink and white carnations- one desires
So much more than that. The day itself
Is simplified: a bowl of white,
Cold, a cold porcelain, low and round,
With nothing more than the carnations there.”
"Simplicity. Morning. Forty minutes till sunrise. Coffee. An English muffin. Sit on the terrace. The sky a deep violet. Then rose. Then gold. Simplicity. The senses fill to overbrimming, displacing thought. The moment is sweet and pure. Distilled. The shackles of conscience fall away. One simply is.
“Say even that this complete simplicity
Stripped one of all one's torments, concealed
The evilly compounded, vital I
And made it fresh in a world of white,
A world of clear water, brilliant-edged,
Still one would want more, one would need more,
More than a world of white and snowy scents.”
Now I wait with my eyes fixed on that place along the horizon where the Sun will rise. The sky itself holds its breath, anticipates the flash of green. I try, I try to empty myself, Zenlike, to become an empty vessel for nature to fill. A gathering vessel, brilliant edged. To exist entirely in the moment, outside of time, this moment, just now, now, as the disk of the Sun bubbles up on the sea horizon, that orb of of molten gold.
“There would still remain the never-resting mind,
So that one would want to escape, come back
To what had been so long composed.
The imperfect is our paradise.
Note that, in this bitterness, delight,
Since the imperfect is so hot in us,
Lies in flawed words and stubborn sounds.”
It's no use, of course. No way to obviate the conscious mind. Perhaps a Zen master might do it, a mystic in transport, a drunken sailor who walks into a lamppost. Even as the Sun's disk inflates, swells, unaccountably huge, the mind parses, frames, construes. I close my eyes to shut out thought and the words fill up the space behind my eyelids. The thing itself is out of reach, the moment adulterated by mind. The blessing of consciousness. And the curse."
(The three stanzas are Wallace Stevens' "The Poems of Our Climate.")
"Only One Question..."
"There's only one question that matters, and it's the one you never get around to asking. People are capable of varying degrees of truth. The majority spend their entire lives fabricating an elaborate skein of lies, immersing themselves in the faith of bad faith, doing whatever it takes to feel safe. The person who truly lives has precious few moments of safety, learns to thrive in any kind of storm. It's the truth you can stare down stone-cold that makes you what you are. Weak or strong. Live or die. Prove yourself. How much truth can you take?"
- Karen Marie Moning
"Trapped in Ice"
"Trapped in Ice"
by Bill Bonner
POITOU, FRANCE – "This week, the U.S. stock market touched yet another new record, after the latest figures allegedly showed a softening in inflation. Some news reports said inflation appears to have “peaked out” in July. But the “news” is not always a reliable source of information. The press has a few cards up its sleeve, too. And when it reported that inflation had “moderated,” it did not necessarily lay them all on the table.
The actual reading for the consumer price index (CPI) went up last month, not down. Whether you look at the regular CPI or the “core” CPI (excluding food and energy), the number was higher for July than it was for June. Here’s the official data from the Bureau of Labor Statistics, without the media spin: "In July, the Consumer Price Index for All Urban Consumers rose 0.5 percent on a seasonally adjusted basis; rising 5.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.3 percent in July (SA); up 4.3 percent over the year (NSA)."
You can even “stack” the numbers up over two years to avoid the alleged “COVID-19 bounceback.” They show the same thing – higher prices. Here’s Breitbart on the story last week: "Inflationary pressures continued to rise in the services sector in July, surveys of business executives showed Wednesday.
The prices index of the Institute for Supply Management’s survey of executives in services businesses rose to 82.3 percent, up 2.8 percentage points and the highest level for its price index since 2005. “Costs have risen dramatically in the last 45 days. Lodging, fuel, travel and supplies are all rising sharply. Costs for available labor are also rising, as demand increases in a diminished labor pool,” an executive in the construction industry said."
Global Phenomenon: This is not just a U.S. phenomenon. Almost all central banks, like heroin addicts, are sharing the same dirty needle. And so are central governments.
Spend… borrow… print. They spend to buy votes… and reward the elite who control the government. They borrow because they run out of money. And they print because if they had to rely only on what they could borrow honestly, interest rates would spike upwards, causing a panic and a depression.
This silly system probably would have already caused a lot more inflation, but for the hard work of the Chinese, Indians, Vietnamese, Mexicans, et al. They labored so cheaply that for three decades, it offset the inflationary policies of Western authorities. But now, wages in low-wage countries are rising, too. And that, combined with dumbhead trade wars and COVID-19 restrictions, is forcing up prices all over the planet.
Even the Teutons are not immune. MarketWatch reports: "German consumer prices climbed in July, confirming preliminary data, the German statistics office Destatis said Wednesday. Consumer prices rose 3.8% on year measured by national standards, in line with the forecast by economists polled by The Wall Street Journal. They rose 3.1% on year by European Union-harmonized standards, also as forecast."
Misnomer: And while we don’t know what the inflation readings will be next month or next year… if they are higher still, we fully intend to say, “We told you so.” Because, between Delta variant panics, the Federal Reserve’s money-printing, and the spend-a-palooza on Capitol Hill, higher “inflation” rates will be hard to avoid. Here’s CBS News: "The Senate passed a budget resolution early Wednesday that lays the groundwork for Democrats’ massive $3.5 trillion spending package, capping a flurry of activity just hours after senators approved a separate $1 trillion infrastructure bill."
“Budget” is probably the wrong word. “Resolution” sounds off-key, too. “Budget” suggests self-discipline… and tradeoffs. It hints at limits… and that bad things will happen if you ignore them. Budget “busting” sounds like something you don’t want to do. None of those things seem to apply to the latest Senate whoopee moment. Funding (in fake money, of course) appears unlimited. No give-and-take is required. And nobody gives a damn if trillions of dollars are squandered on goofy projects.
Dirty Word: And the use of the word “resolution” is embarrassing. Resolute was the name of a 19th century British Royal Navy ship, which became trapped in the Arctic ice. By steadfast discipline and iron will, the crew survived two Arctic winters, skeletal rations, and a “hard march” across the ice to rescue ships.
A year later, in 1855, the abandoned Resolute was found drifting in an ice floe by an American whaler, whose captain recorded the discovery in his journal: "Finally, stealing over the side, they found everything stowed away in proper order for desertion – spars hauled up to one side and bound, boats piled together, and hatches closed. Everything wore the silence of the tomb. Finally reaching the cabin door they broke in, and found their way in the darkness to the table. On it they accidentally turned on a box of lucifer matches; in a moment one was ignited, the glowing light revealed a candle; it was lit and before the astonished gaze of these men exposed a scene that appeared to be rather one of enchantment than reality. Upon a massive table was a metal teapot, glistening as if new, also a large volume of Scott's family Bible, together with glasses and decanters filled with choice liquors. Near by was Captain Kellett's chair, a piece of massive furniture, over which had been thrown, as if to protect this seat from vulgar occupation, the royal flag of Great Britain."
The “resolute desk” was made from the stout oak timbers of the ship, and now sits in the White House Oval office. The Resolute story is one of manful determination and commitment to duty. It is the opposite of the budget “resolution” story, which bespeaks an almost incredible disregard for risk, a total lack of foresight, and wanton jackassery. It is a shame to sully such a stand-up word by using it to describe such irresolute action by the U.S. Senate."
"The Test..."
"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function. One should, for example, be able to see that things are hopeless and yet be determined to make them otherwise."
- F. Scott Fitzgerald
"Nothing is Being Done to Stop Inflation - Economic Freefall"
Full screen recommended.
Dan, iAllegedly, AM 8/12/21:
"Nothing is Being Done to Stop Inflation - Economic Freefall"
"The biggest problem across the globe is inflation.
It will destroy businesses, cities and countries. What will stop it?"
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Related:
Gregory Mannarino, "AM/PM 8/12/21"
Gregory Mannarino, AM 8/12/21:
"CITIGROUP Warns Again On The Stock Market"
○
Gregory Mannarino, PM 8/12/21:
"Now JP Morgan And Citigroup Are Warning On
The Stock Market - Is A Crash Imminent?"
Greg Hunter, "Biden Desperate as Vax Narrative Falls Apart - Clif High"
"Biden Desperate as Vax Narrative Falls Apart - Clif High"
by Greg Hunter’s USAWatchdog.com
"Clif High uses something he calls “Predictive Linguistics” and computer programs to sort through billions of bits of information on the Internet to predict future trends and events. High is an Internet data mining expert who has many well-documented correct predictions. His latest correct prediction was made last month here on USAWatchdog when he said the Biden door knocking campaign to harass people to take the CV19 injection would be “short lived” and “not to worry about it.” Sure enough, the door knocking campaign unceremoniously stopped, and the Biden Administration has morphed this into the “get vaxed or get fired” campaign. What does High say now? “Again, this is short lived, and it is a propaganda campaign and not a legal move. They don’t have the legal authority to do what they are trying to do. What they are attempting to do is scare as many of the herd past that point of hesitancy before the whole thing is shut down,” says Clif High.
What about the FDA fast track approval for the CV19 Vax? The Biden Administration has been saying the CV19 vax will go from “Emergency Use Authorization” (experimental) to FDA approved even with more reported deaths than all vaccinations combined. High says don’t buy this. The CV19 jabs will never be approved. Clif explains, “There are legal prohibitions with an Emergency Use Authorization product. This is not approved by the FDA. As much as they are talking about it, I don’t think it will ever be approved by the FDA. I don’t think events will get that far for a lot of different reasons. This is a bluster. They are doing exactly what they did with the ‘get vaxed or get fired’ as they did with the ‘door to door’ campaign. This I know because of the nature of the linguistics that I run at its core for the emotional tension value of the data. I can tell you right now there is more mass and more energy in words that are anti-Covid vax than there are words and energy that are pro-Covid vax. This is a big problem for the mainstream media (MSM) as well as for the Biden regime. They probably are aware of what I am saying, and they realize they are underwater. If you polled, you would find that Covid is failing in the poll, and the vax is failing in the poll if you could get an accurate poll number. This is a move of desperation on their part and not a move of strength.”
The U.S. Military just said all personnel will be forced to be vaccinated with the CV19 vax. Once again, High says, “The military will not be forcing a vax on our troops.” High predicted this on the day of our interview, and the next day the military said it will give exemptions to anyone who does not want to get vaxed. In other words, there will be no forced vaccinations. That’s another correct prediction by High. Cliff High says, in short, “Don’t get vaxed.”
Clif High says there has been a covert war going on between the Deep State globalists and our own military. High says it’s all about to spill over into the streets for all to see. High says, “The United States has been attacked. I am going to echo Donald Trump’s words and say it is a greater attack than we suffered at Pearl Harbor. It’s greater than 9/11. This attack has initiated a war. We are in that war now. We are in a war that is going to bust out into the open such that everybody that lives in normal land will start to become aware of the massive amounts of things that have been hidden from them as well as the implications of this war. Our military is still occupied by the people that have infiltrated the United States. They came in and infiltrated, not invaded. We have two Presidents, and we have two militaries.”
Clif High goes into deep detail about this covert war that is about to get put out in the open for all to see. High talks about Mike Lindell and says that he will be remembered as a hero for working so hard on exposing the national voter fraud issues. High says there was massive fraud going all the way down to the local levels. High will also talk about Bitcoin and will tell you where it is going as well as gold and silver. High will explain why the “election steal” had to go through. He will talk about more data with the harmful effects of the CV19 injections. High talks about the good and bad news with President Donald Trump being restored to the White House. High will also cover mass treason in the USA and why many may end up in jail or worse for treason for helping China attack America.
This is an all-encompassing interview about where America stands now and where it is going according to the data Clif High is digging up."
Join Greg Hunter as he goes One-on-One with data mining expert Clif High, and he gives us an update as well as predicting future events and trends.
(Program Note: What is written here is a fraction of what is in this 1 hour and 24 min. interview. Because of the length of this in-depth interview, this will take the place of the Weekly News Wrap-Up on 8/13/21)
Wednesday, August 11, 2021
“The War On Your Economic Future Will Rob You - Enjoy The Party; Americans Have No Savings, Just Debt”
Jeremiah Babe, PM 8/11/21:
“The War On Your Economic Future Will Rob You - Enjoy The Party;
Americans Have No Savings, Just Debt”
"Shipping Crisis Is Starting To Get Crazy: Freight Rates Skyrocket As Container Inventory Collapses"
Full screen recommended.
"Shipping Crisis Is Starting To Get Crazy:
Freight Rates Skyrocket As Container Inventory Collapses"
by Epic Economist
"In less than a week, container freight rates registered one record high after the other, with new data showing another massive spike on the key Asia to US routes. Several companies have been struggling with the relentless rise in freight rates, shipping delays, and low container availability, which are all contributing to shortages of a wide range of products and acute consumer price increases. Freightos recently released a report indicating that rates from Asia to the US east coast topped the previous record of $20,000 and hit $22,000 yesterday, marking a 210 percent increase from last year's rates. Before the onset of the health crisis, rates on this route were below $3,000. Up until this point, the most cited reason why freight prices are trending so high was an unexpected rebound in consumer demand in the second half of 2020, especially for goods made in China and Asia for delivery in the US. The intensification of the online shopping trend has also fueled demand for overseas products. But manufacturers and retailers were caught by surprise, as they've predicted consumer spending would collapse due to the aggravation of the global economic recession.
With government stimulus checks on their hands, consumers spent money like never before. On the other hand, shipping companies have been unable to meet this inexorable uptick in demand, with the Texas storms and the blockage of the Suez Canal for almost a week adding to the chaos. However, according to supply chain liner giant Maersk, the latest increases in shipping rates cannot be justified by an uprise in consumer demand. In a detailed report, the company described that shippers and carriers are not unfamiliar with rising consumer demand, and before the health crisis struck, shipping companies were perfectly able to adapt to changing patterns, solve crises and find resilience. What is happening right now is totally unprecedented, but not mainly caused by the effects of the health crisis and shifting consumer trends. A labor shortage at ports is creating a huge backlog of containers in several key spots, and this congestion is worsening the container shortage. The demand boom was just one of the catalysts, but not the most important. Shippers and carriers just realized how essential is their service at a time global cargo demand is fast-growing, and now that they became aware that businesses are willing to pay premium rates, shipping costs may have changed forever.
Maersk showed on its quarterly performance report that overall container shipping demand was up only 2.7% in the second quarter as compared to the same period two years ago, prior to the global sanitary outbreak. And yet, Maersk’s average freight rate was $3,038 per forty-foot equivalent unit (FEU), and increase of 63% from $1,868 per FEU from the same period in 2019. Moreover, the Drewry World Container Index of spot rates hit $9,371 per FEU this week, 6.7 times what it was two years ago. In essence, port congestion is what is actually curtailing effective ocean freight capacity, with equipment stuck both on land and at sea. Last week, Maersk published a customer advisory titled, “Critical help needed -- congestion increasing.” The advisory purged U.S. companies to return shipping containers more quickly, stating: “We do not anticipate the congestion decreasing any time soon. On the contrary, the industry overall is forecasting higher U.S. volumes into early 2022 and beyond".
Port congestion is expected to start showing signs of improvement in 2022, but just if more effective capacity is added to meet demand growth. However, when that eventually occur, shipping rates might already have been consolidated at historically high prices. As for freight costs, companies will have to get used to them. They may pull back at some point, but not to levels they once were. Without no end in sight for port congestions, the bottlenecks are likely to continue for the foreseeable future. And any expectations that inflation would be "temporary" are going to be crushed by the persistent and acute price increases all over the economy. When the masses start to realize that the economic collapse is far from over, and when the slump starts showing its ravaging effects, it's safe to safe that it will be too late to reverse this crisis."
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