Economic pressures

[Danny B]

The speedbumps are getting bigger

There is good news from the "coronavirus front. It responds to certain medicines.
There is BAD news too.
"Now, a respected epidemiologist who recently caught flack for claiming in a twitter threat that the virus appeared to be much more contagious than initially believed is pointing out irregularities in the virus's genome that suggests it might have been genetically engineered for the purposes of a weapon, and not just any weapon but the deadliest one of all.
In "Uncanny similarity of unique inserts in the 2019-nCoV spike protein to HIV-1 gp120 and Gag", Indian researchers are baffled by segments of the virus's RNA that have no relation to other coronaviruses like SARS, and instead appear to be closer to HIV. The virus even responds to treatment by HIV medications. "
https://www.zerohedge.com/geopolitic...ated-bioweapon
China has far too many old people and, far too few young to support them. Here is a list of massacres by the Chinese government. Interestingly, it includes a 3 year massacre of landlords.
https://en.wikipedia.org/wiki/List_o...acres_in_China

"much more contagious" Is a death knell for the economy.
2/01 Coronavirus fears send stocks sharply lower – Morgan Report
2/01 CDC quarantines 195 US citizens, prepares for pandemic – Mish
2/01 Virus shock crashes Baltic Dry, sparks China hard-landing fears – Zero Hedge
2/01 Pilots, flight attendants demand flights to China stop as virus fear mounts – Reuters1/31
Fear spreads easily. That’s what gives the Wuhan coronavirus economic impact – PSW
1/31 A $1.5 trillion wipeout and more: virus fallout across assets – Yahoo!
1/31 European stocks head for worst week since October – MarketWatch

It is difficult to make projections at this point. Everybody but the bankers has been screwed. This writer projects that we will fall into mass apathy.
http://www.amerika.org/politics/tomo...-mass-entropy/
Kunstler sees it differently.
2/01 “When that happens, civil war two begins in earnest!” – Kunstler

Here are some possible outcomes.
https://www.goldmoney.com/research/g...-coming-crisis

2/01 California is building lots to contain “thousands” living in their cars – Zero Hedge

I see these people everywhere. Most have NO cars.

[Danny B]

https://en.wikipedia.org/wiki/List_o...acres_in_China
This board did it again. Erased my post when I posted this link

[Danny B]

Zero Hedge headlines;
Eventual death of the unicorns

Stocks, Bond Yields Tumble After CDC Confirms First Person-To-Person Virus Spread In US

GnS: Coronavirus Has The Potential To Trigger A Global Depression

DNC In Disarray After Chairman's Secret Golden Parachute Revealed

Nordstrom Starts Selling Used Clothes To Broke Americans

What Does Lowest Population Growth In US History Mean For Housing?

Global Governance Structure Is "Too Centralized & Too Authoritarian"

"It's Crazy" - Global Run On Virus Masks Leaves US And Europe With No Supply

1/31 China virus fears accelerates tumble in euro zone bond yields – Reuters




2019 saw US population growth at its lowest percentage level in US history aside from the pandemic years of 1918/1919 (when the Spanish flu took the lives of nearly 700,000 Americans)...
EU Army Ambitions Crushed As German Troops Forced To Use Their Own Cars In War Drills






...German troops using their own vehicles because of a shortage of infantry tanks as many were in disrepair.

Pento: Trillion-Dollar Stocks & The Imminent ETF Disater






This behavior is emblematic of all bull markets once they begin to hit the manic phase...


'Burning Bodies In Secret' - New Accounts From Wuhan Detail Coronavirus Outbreak






"Without properly identifying these patients, which means there are patients who died from the virus but not adding to the official record..."

BTC,In 2019 alone, cybercriminals were able to siphon away $4.26 billion from cryptocurrency users and exchanges, according to a new report by CipherTrace.
https://www.businessinsider.com/the-...-so-far-2019-8


Excellent article from Daily Reckoning
“The Stock Market Is Worth Less Than Half of What It Was Worth 20 Years Ago”
https://dailyreckoning.com/a-date-an...al-armageddon/

Last but, most important. Understanding how we got and, who did it.
"It was that phrase “Amazon winter” that got me. Amazon poses such an existential threat to any sector it enters that even speculation that it may enter a space is enough to tank every public stock in it.

But it isn’t just Amazon that is scouring the economy looking for spaces to disrupt and so-called “value to unlock”, it’s every Amazon wannabe, trying to become the Amazon of their own space, or to lock up a “blue ocean” before somebody like Amazon can move in and eat it.

The end objective of all these players isn’t to have viable businesses, ones that do business the old fashioned way, at a profit.

Instead the end objective is to set in motion a cascading series of financial events at successively higher valuations. That’s the game now, and I’ve decided to call that game Unicorn Bingo. The macro effects of Unicorn Bingo are to usher in Unicorn Winter.
Unicorn Winter is the long, hard slog where credit induced asset bubbles on Wall Street suck up all the oxygen from Main Street.

It’s the Cantillon Effect, when geometrically increasing central bank balance sheets lift up the Unicorns’s valuations while pushing up the cost-of-living for everybody else.
NB, Amazon didn't do anything illegal. It is / was the FED support of rich-but-useless bankers that channel;ed in the liquidity that allowed Amazon to eat up everything not-Amazon.
"The Unicorn Winter isn’t about making money, as in profits. It’s about monetizing what goes on in the mind of people who have no idea they’re being datamined.

Unicorns don’t create jobs. For the most part they create gigs. Temporizing everything from your home, your office, your server space, everything is delivered as-a-service, most likely at-a-loss and if there’s any humans involved in the chain at all it’s as part of somebody’s side hustle. Because that’s all there is now that everything else has been disrupted away in a sweeping tide of financialization."
But in the Unicorn Winter the people who didn’t want to play Unicorn Bingo don’t get exits. They get shut down, liquidated, foreclosed or stripped out in asset sales.
https://guerrilla-capitalism.com/art...nicorn-winter/


Benedict Evans
Why Amazon Has No Profits (And Why It Works)

This is very important to understand. If Amazon can rely on an un-ending supply of liquidity from venture capitalists and other investors, it doesn't need to make a profit. Those competing businesses that don't attract hot money can't possibly compete.

"Amazon is going to kill more American jobs than China did
Millions of retail jobs are threatened as Amazon’s share of online purchases keeps climbing"
The FED, indirectly wiped out the profit margins for everybody but Amazon. 40% of American companies don't make a profit.

[Danny B]

I can't seem to leave the epidemic alone.
Nice graph here.
https://www.zerohedge.com/health/cor...nfections-week
"But the official global response is "these facts don't matter," and so hundreds of airline flights continue to leave cities swept by the disease."

This may be an appropriate analogy to the U.S. stock market, which is widely considered "unsinkable" due to the Federal Reserve's unlimited ability to create "liquidity" (cash) out of thin air.
The stock market just had a minor collision with the coronavirus, and few are heeding the warnings, preferring to heed the reassurances that thanks to the omnipotent Federal Reserve, the market is unsinkable,"
http://charleshughsmith.blogspot.com...e-titanic.html

"This is why the CEO of Blackrock (the world’s largest money management firm), has said that people today have to set aside THREE TIMES AS MUCH money to save for retirement as their parents and grandparents did."
"And in that same report, the Trustees show that Social Security would need a $50 TRILLION bailout in order to have sufficient funding for its long-term obligations."
https://www.sovereignman.com/investi...stem-is-27114/

https://www.zerohedge.com/geopolitic...obalist-agenda
The FED says, don't worry,,, be happy.
https://www.zerohedge.com/economics/...ion-dont-worry
Bill Dudley: The Fed's Balance-Sheet Expansion Has No Effect On The Stock Market
US Pending Home Sales Suffer Worst December Collapse On Record



Is This The Man Behind The Global Coronavirus Pandemic?




"In human history, we have been chasing infectious diseases one after another," says Zhou, "but bats appear to be a 'super-mammal' to these deadly viruses."

Boeing Reports Epic $4 Billion Revenue Miss, Announces $18.6BN In 737 MAX Costs, Cuts 787 Production; Stock Surges






Boeing just had its worst year since 1997. The market's reaction? The stock is surging on hopes it can't possibly get any worse.

The Economics Of Pandemics And Quarantines






...economic theory suggests the possibility that extreme measures such as sealing off a city, a travel ban or quarantines may actually make things worse...


Freeport-McMoRan CEO Fears "Global Black Swan" As "Devil"-Virus Sparks Record Copper Collapse
Dr. Copper is sick?

[Danny B]

The figures in expenses above are;
The cost of maintaining 1 mile of 2 lane road.
In the case of New Jersey, they spend $2 million to maintain 1 mile of 2 lane road for one year.

[Danny B]

Tax then until they squeal

I wanted to back off on the news about corona virus. Now isn't the time for that.
China Virus Cases Almost Double Overnight, Deaths Top 100 As North Korea Closes Border
"2714 cases now in Hubei, up a stunning 91% overnight..."
All y'all know what doubling means.
Emergency Evacuation Of Americans Begins From Epidemic-Stricken Chinese City OMG
Of course, none of them will be carriers.
Markets In Turmoil: Corona-Chaos Sparks Carnage In Crude, Credit, & The Yield Curve




Back to economic news.
Morgan Stanley: "The Correction Has Begun" But The Fed Will Keep It To 5%
DOJ Hires Antitrust Staff As "Broad Investigation" Into Big Tech Firms Accelerates
Trump is going on the prowl.
Congress Now Funding "Controversial" Geoengineering 'Plan B' To Spray Particles In The Sky To Cool Earth
https://www.zerohedge.com/technology...sky-cool-earth
Amazing, they want to spray the sky with chemicals to cool us down.

California Sued After Concealing $320 Billion In Annual State Payments
"Oddly, the rejection didn’t argue the law, but instead claimed that the controller couldn’t locate a single one of the 49 million bills she paid last year..."
OMG, You mean that I can't trust the government to be honest about expenditures?
Boeing Implosion Leads To Worst Aircraft Orders In 11 Years, With GDP Collapse On Deck
YES, but think of the money they saved by outsourcing their engineering to $8 an hour Indian engineers.
US Home Prices Accelerate At Fastest Pace In 9 Months
The hot money is on the move.

Watch: CNN Calls Trump Supporters Stupid Illiterate Rednecks
THAT attack strategy flopped last time so, obviously, it should be used again.
Armstrong;

"That’s what my new book “Manipulating the World Economy” is all about. It’s about all the manipulations. Governments have tried to control it, and they are losing it on every possible level.

This is like the last ditch effort, the last hurrah or last battle for the central banks. If the Fed loses, you are talking about central banks can no longer function in controlling the economy, inflation or anything.”

“Correct. They have already lost control, otherwise they wouldn’t be doing this...

They are trying to keep rates down. If the Fed loses, rates are going to go up, and you are going to see this in the Treasury auctions. Then it won’t matter what the Fed is trying to do in the repo market. You will see this stress in the Treasury auctions, and the government will have to start paying higher prices. This is what’s going to take place.”
1/28 Fed repos have plowed $6.6 trillion into Wall Street in four months – GATA

"Dec 3, 2019 - Supervisors Janice Hahn and Kathryn Barger co-authored the motion to put the 6-cents-per-square-foot parcel tax on the March 3, 2020, ballot, pointing to a May 2018 assessment showing that the fire department is underfunded and underresourced. ... More firefighters are also urgently needed, Hahn and Osby said."
Yep, more money for the blob state. Here for an opposing view, is Joe Taxpayer.
https://www.youtube.com/watch?v=aap_p8DYEUo


This is a repost from years ago. The original article seems to be gone from the net. This is from Fleet Owner magazine with the trucking industry.

"New Jersey spends $1.1 million per-mile to maintain state roads.
Florida spends $671,000 per-mile to maintain State roads.
California spends $545,000 per-mile for maintenance.
California spends $93,464 just for administrative costs..
South Carolina spends just $34,000 per-mile to maintain State roads.
Virginia and Texas spend about $6500 per-mile for administrative costs.
State spending on State roads increased by 8% from 2007 to 2008.

This article is from 2010 so, you can imagine the growth in spending since then.
Parkinson's Law states that GOV bureaucracy will grow by 6% a year regardless of the work load.
Current;
Spending on state-owned roads totaled $132 billion in 2012, up 6 percent from 2011.

South Carolina and West Virginia spent just $39,000 per mile of road in 2012 while New Jersey spent over $2 million per state-controlled mile.
Texas administration costs were less than $4,000 per mile and Kentucky spent less than $1,000 per mile on office costs, best in the nation.

[Danny B]

Lots of questions about the quarantine,,,, economic fallout

China has a huge force mobilized considering the small death rate.
"Currently, however, the new virus will be treated as a Grade A infectious disease, which requires the strictest prevention and control measures, including mandatory quarantine of patients and medical observation for those who have had close contact with patients, according to the commission.

At present, only two infectious diseases — bubonic plague and cholera — are classified as Grade A infectious diseases in China."

NO WAY OUT China BLOCKS UK from airlifting hundreds of Brits trapped in coronavirus-plagued Wuhan

"Around 2,000 people have arrived in the UK from Wuhan in the last two weeks. But last night only 51 had been found and tested for the killer bug —– just 2.5 per cent of the “at risk” total.|"

Here is the spread;
https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6
CDC Expands Level 3 Travel Warning To All Of China
I'm sure that Gates is happy with all of this.
https://www.thesun.co.uk/news/108147...3-million-die/
From the CFR
Coronavirus Spread Self-Sustaining, Won't Stop With Warmer Weather: CFR
https://www.youtube.com/watch?v=ZO_XC3jI2c4

The economic effect

Wuhan Streets And Markets Look Like A Ghost Town - Vid
Scenes Of Ghostly Empty Streets In Wuhan - Vid
Rense - How Viruses Can Easily Infect People Through
Their Eyes Or By A Simple Trip To The Store Or The Bank

Just imagine if people only went out for dire necessities. Imagine of they stayed away from work.
From Meltup To Meltdown: Virus Fears Stoked, Deutsche Bank Broke, & Capitalism 'Woke'
https://www.zerohedge.com/markets/me...apitalism-woke
Charles Hugh Smith asks a very good question.
http://charleshughsmith.blogspot.com...stimating.html
1/28 Stocks in Singapore and South Korea drop more than 2% amid virus fears – CNBC
1/28 Negative debt pile surges by $1.2 trillion in dash for havens – GATA

1/28 Hundreds of virus carrying planes headed for US, London, Paris, Vancouver – Mish
1/28 Coronavirus prompts automakers to evacuate workers from China – CNBC
1/28 Coronavirus is biggest risk in 100 years – Martenson and Maloney
1/28 Yields drop to three-month lows on coronavirus concerns – Reuters
1/28 SF prepares center for coronavirus outbreak – San Francisco Chronicle
1/28 Coronavirus weighs on US leveraged loan market – Reuters
1/28 Bob Moriarty: The everything bubble just burst and here’s why – 321Gold

Well, we don't need to speculate any longer on whether or not the epidemic is going to affect markets.
1/28 Homesteaders, catastrophists run for the hills to flee U.S. uncertainty – Reuters
1/28 How to prepare for the corona virus pandemic – Chris Martennson

Here's a chart of the S&P. What goes up must go down.
https://www.macrotrends.net/2324/sp-...cal-chart-data

[Danny B]

Speedbumps on the economic highway

1/27 Kobe Bryant, daughter Gianna die in helicopter crash – ESPN
The pilot flew right over my area and, continued north. She was given a ceiling of 2500 ft. She was flying at 1400 ft. when she went off the radar in a mountainous area. True they are small mountains but, evidently, big enough.
https://www.youtube.com/watch?v=B0pQfgi9ZqU

1/27 Is Donald Trump one of the smartest presidents in US history? – The Hill
Get REAL
https://www.cheatsheet.com/culture/p...anguages.html/
1/27 Holy cow, Batman – 2! There really is rampant inflation! – Forbes
Yep, the currency inflation eventually bleeds over to the lower loop and, causes price inflation..
1/27 US futures poised to gap down on coronavirus scare: What then? – Mish
1/27 Coronavirus fear hits oil, prices drop most since May – CNBC
1/27 Japan falls 2% in early trade; many Asian markets closed for New Year – CNBC

JPMorgan: Please Buy This Dip

Hedge Fund CIO: "Are We On The Cusp Of Economic Regime Change And Unprecedented Wealth Destruction"
""One man’s debt is another man’s asset,” said the CIO, lifting his palms evenly, bringing them into perfect balance. “The weight of one is perfectly offset by that of the other.” So in theory, it should not matter how large either grows. “But debt creates asymmetric behavior between borrower and lender,”"

NOT exactly true. The interest charge is always pulling from the asset side to the debt side. The imbalance just gets bigger until it blows.
https://www.zerohedge.com/markets/he...th-destruction
"Eveything Just Changed" - CoV Contagion Sparks Massive Treasury Short Stop-Out, Stock Dealers Flip "Short Gamma"
Taliban Claims It Shot Down US Spy Plane Over Afghanistan
Well, now, we just CAN'T pull out of Afghanistan.
Dow Dumps Into Red For 2019, Yields Near 4-Mo Lows
From Meltup To Meltdown: Virus Fears Stoked, Deutsche Bank Broke, & Capitalism 'Woke'

China Closes Foxconn, Johnson & Johnson, And Samsung Factories Amid Virus Outbreak
Prevention, Control, & A Busy Week Ahead For Central Bank 'Stabilizers'
Hong Kongers Riot Over Plans To Use Public Housing As Coronavirus Quarantine
NOT in my back yard.

Global Stocks Crash As Coronavirus Pandemic Infects 3,000; China, Yuan Plummet
""Any economic shock to China’s colossal industrial and consumption engines will spread rapidly to other countries through the increased trade and financial linkages associated with globalization."
Brexit Happening: Noted Anglo-Skeptic Charles de Gaulle Vindicated Beyond The Grave
"The main significance is this: getting liberal/globalist elites to respect democratic outcomes even if they don’t like them. This is an important precedent"
YES IT IS !

[Danny B]

Mike Adams of Natural News is a great guy doing great work for natural health. Youtube took down his hundreds of videos, supposedly because he strayed into social and political commentary. He is anti-vax. Sometimes he seems to wander into questionable claims. He reports that Lancet is now claiming a 15% mortality rate.
https://www.naturalnews.com/2020-01-...tion-rate.html
Chinese health chiefs warn coronavirus is growing 'stronger'
MUTATION closely monitored by scientists nCoV Doctor To Doctor Cluster In Beijing
Three Doctors Infected With nCoV in Beijing

The usual suspects;
Scientist who simulated the global impact of a coronavirus outbreak calls China efforts to contain the disease Are unlikely to be effective
Note Next Three Stories About Bill Gates
Bill Gates Foundation And Johns Hopkins Predicted 65 Million Dead In A Coronavirus Pandemic Simulation Called 'Event 201' 3 Months Ago - Read Details Here
Formal 'Statement Of Clarification' From Johns Hopkins About The 'Event 201' Coronavirus Pandemic Projection Exercise Hosted By Bill & Melinda Gates Last October

Mayor Of Wuhan Says 5 Million Fled The City Before It Was Locked Down
Chinese health chiefs warn coronavirus is growing 'stronger' MUTATION closely monitored by scientists

OK, so we just watch this,,, and how it affects the economy

"It’s like Dawn of the Dead on Wall Street. Zombies are everywhere.
Even as stocks continue to push to new highs, the number of money-losing companies listed on US stock markets has ballooned to levels not seen since the dot-com bubble of the late 1990s.
According to a recent Wall Street Journal article, nearly 40% of US-listed companies are losing money.
According to the Wall Street Journal, 42% of money-losing companies are in the healthcare sector, “reflecting the popularity of small, often loss-making biotech stocks.” Another 17% are tech companies, “many of them fashionable new ventures.”
"When you look at IPOs, the situation is equally disturbing. According to a chart provided by University of Florida finance professor Jay Ritter, the percentage of money-losing IPOs hit 81% in 2018, equaling the level in 2000 at the height of the dot-com bubble."
"The dot-com and unicorn bubbles were both made possible by Fed policy that kept interest rates artificially low and allowed companies to leverage up and operate for years without making a profit. Speculative money flowed into these companies. Stock prices mushroomed."
"A ZeroHedge article summed up what has happened citing Tesla as an example.

It’s absolutely stunning how the Fed/ECB/BoJ injected upwards of $1.1 trillion into global markets in the last quarter and cut rates 80 times in the past 12 months, which allowed money-losing companies to survive another day.”
https://schiffgold.com/key-gold-news...n-wall-street/
You get the idea. Who knows how long they can keep rolling?

Much of this is forced into the system to make it last until after the election. NOT GOING TO WORK
New York says that you have to pay for a 'star gazing" permit to look up at the sky.
https://www.wakingtimes.com/2020/01/...59797-54347961

[Danny B]

Guiding the collapse to create a wonderful new system

There is no denying that there is worldwide push towards a one-world GOV. We're all going to be "world citizens' and use world digital money.
Why schools have stopped teaching American history
The past must be destroyed to allow for a pure Marxist future. Our money supply must be infinitely flexible. Remember that Keynes wrote about "euthanasia of the rentier"
Nobody would loan money at interest in the future. The jewish controlled FED lead the way and, other CBs have followed. The jewish intellectuals have always championed socialism.
The rampant credit expansion of recent decades was always done purposely to precipitate a crash. Every effort at blocking the creation of derivatives was thoroughly quashed. Collapse was the desired result. The present pandemic will get the blame and, NOT the CBs.

Where do we go next?
Our current currency has no intrinsic value and, only conveys information. It is eminently corruptible. The problem is that; paper currency can't be corrupted while it is in your wallet. It's value can be stolen by currency inflation but, that causes other problems. Our transactional currency must be removed from physical form. Remember that the people governing us and, writing the laws are non-producing parasites. Previously, the dollar bill in your pocket proved that the had done productive work for society.

"The biggest selling point of digital currency is the convenience factor of national and cross border payments being settled and available without delay. I suspect this is where the banking elite want people to focus their attention, as opposed to how a digital currency network that incorporates central banks and selected private sector players would result in the end of tangible assets."
"Something to ponder also is how faith could be lost with future stablecoin providers. BIS General Manager Agustin Carstens has said before that trust can be compromised in four particular ways – currency devaluations, hyperinflation, wide-scale payment system disruptions and bank defaults. Naturally, Carstens has positioned central banks as the institutions that can rectify such conflict, even though it has been proven that throughout history it is their policies that have created economic instability leading to collapse."

about the necessity for currency degradation before the public demand a solution to the traditional monetary model.

Degrade a currency sufficiently, via hyperinflation and collapse of the banking system, and people will eventually look for alternatives. But that’s generally the sort of thing that has to happen. Almost always, these currency substitutions occur only once the existing currency has become deeply compromised. Even then, the thing people naturally reach for is an existing, trusted currency – often the US dollar – rather than some entirely new unit of account.

When currency substitution has occurred naturally it’s almost always done so only after the incumbent currency has been debauched by hyperinflation.
As ever, central banks will require sustained geopolitical conflict to shape the future design of the financial system. They are already headlong in devising that very system through the reformation of global payment systems.
https://www.zerohedge.com/crypto/dig...ing-elite-want

Don't forget overpopulation;
"In the wake of the great financial crisis of 2009, ZIRP/NIRP were utilized, federal deficit spending soared, asset prices skyrocketed, employment rose to record levels...but strangely fertility rates and total births have continued falling. Actually, collapsing. "
https://www.zerohedge.com/geopolitic...y-depopulation

Here is an EXCELLENT article of why globalism works in theory BUT, rarely in practice. It isn't that it doesn't work. It works for just a few. The original theories were just too simplistic.
https://www.zerohedge.com/economics/...ders-are-wrong

"Since 2007, the ONLY group that has seen an increase in net worth is the top 10% of the population. This is not economic prosperity. This is simply a distortion of economics."
https://www.zerohedge.com/markets/el...olored-glasses
Our true inflation rate is 6%. That means that we are losing ground even faster than reported. It also means that almost every bond in the world is negative yielding.
http://www.shadowstats.com/imgs/char...d&t=1579012004
Armstrong, "We are faced with the collapse in Democracy our model forecast back in 1985 would begin 2015.75. Politicians like Adam Schiff are the poster child for absolute corruption and dishonesty. This type of behavior has never been seen and is merely an attempt to put a Democrat in the White House who will raise taxes and devastate the business community in the spirit of “progressiveness” which is the new politically correct label for Marxism.
This is all part of the decline and fall of the West"

[Danny B]

More virus news.
Coronavirus and the end of boom and bust – Doug Noland, Credit Bubble Bulletin
1/26 Are you ready for the market crash? – Traders
1/26 This is how China is hiding the true number of coronavirus deaths – ZH
The death certificate reads, "Viral Pneumonia"
1/26 “Thermonuclear, pandemic-level bad” – Harvard epidemiologist warns on virus – ZH
OK, you get the idea.
Armstrong gives a good analysis of the whole situation. He makes it clear that a 3% death rate is not a result of a bio-weapon. The sketchy death certificates makes that an open question.
https://www.armstrongeconomics.com/i...ab-conspiracy/

This is what I wrote to Kunstler;

James, it has been a tried & true subterfuge of; when a country faces economic collapse, start a war and blame collapse on the war. The PBOC was creating more liquidity that the FED, BOE and ECB put together. It's NOT working.
It's called Hormesis.

They tried to combine communism with quasi-democracy. Like all command economies, it is going bust in a big way. They are riding a credit tiger that is soon to eat them up. It is not practical for China to start a kinetic war. Large-scale kinetic war has been impractical since Hiroshima and Nagasaki.
BUT, if a (mild) pandemic shuts down the economy, you can blame it on the irrationality of people who panicked for minor reasons.

China moved >300 million self-sufficient peasants to the cities and, put them to work. China took the jobs of their best customers in the West and, lost their markets. These >300 million have now become State dependents. At a loss of what to do, China pays them to build white elephants. China sees that the end is near and, evidently, needs a plan B that minimizes the chance of anti-government revolution.

Johns Hopkins Coronavirus Pandemic Simulation Run 3 Months Ago Predicts 65 Million People Could Die

Inquiring minds Want to know WHY they ran this simulation.

Corona-Contagion Crashes Commodity & Stock Markets Worldwide
Letting the air out of the bubble AND avoiding blame

Xi Warns The SARS 2.0 Coronavirus Is Accelerating
This sounds out-of-character for Xi.

Coronavirus and the end of boom and bust – Doug Noland, Credit Bubble Bulletin
SO, it's nobody's fault,,,,,,,,,,, not even the FED

Much of this sounds scripted.
The claimed death of Epstein doesn't hold water. He was too valuable an asset to get sloppy security.
The purported death of Solemani was just TOO scripted. The response TOO precise and scripted.

The IMF and World Bank have been preaching collapse for some time now. "They" have had time to prepare a scapegoat.

[Danny B]

The fallout from the coronavirus is just starting

Here is an EXCELLENT article on deflation. Fear of deflation has prompted the CBs to always strive for inflation.
https://www.goldmoney.com/research/g...s-of-deflation
On the China front, one senses real panic.
Johns Hopkins Coronavirus Pandemic Simulation Run 3 Months Ago Predicts 65 Million People Could Die
UK Researcher Predicts Over 250,000 Chinese Will Have Coronavirus In Ten Days
45 Million People now Quarantined In China Cities
Infected people seen dead in streets of Wuhan -Vid
Wuhan SARS 2.0 Is A Big Threat To China Economy
Corona-Contagion Crashes Commodity & Stock Markets Worldwide
1/25 Xi says China faces ‘grave situation’ as virus death toll hits 41 – Reuters
1/25 Hong Kong leader declares citywide virus emergency over coronavirus – CNBC

Armstrong on pandemics.
https://www.armstrongeconomics.com/i...ext-peak-2022/
The first time that I posted this link, the board erased my entire post. This is about the fourth time.
1/25 Dow drops 170 points to end the week as coronavirus fears grow – CNBC
1/25 The Wuhan wipeout – could it happen? – Technical Traders
1/25 After months of calm, volatility finally resurfaces in stocks – Bloomberg

1/25 Adam Schiff’s very scary warmongering speech – Antiwar
THAT is Trump's major crime.
Schiff has gone beyond ALL sanity,,, all reason. The Dems can't seem to stop the suicide march.
https://kunstler.com/cluster****-nation/the-big-sleep/

[Danny B]

Star Power,, The matrix,,, power without ethics

https://thebaddaddy.com/sorry-kids-t...1f#comment-265

[Danny B]

Destroying the world to bring harmony

Guggenheim - The Market Is a Ponzi Scheme That Must Collapse
BRILLIANT deduction.
Pope Francis Calls Marxist Economic Summit
'Sloppy Record-Keeping'. - Pentagon Amassed $35 Trillion in 2019 Accounting Changes
Color me surprised
Watch ECB's Christine Lagarde Explain How Greenwashing Central Bank Policy Will Save Europe
They are ALL demented.

Australia – The Most Aggressive Tax Authority in the World?
Posted Jan 24, 2020 by Martin Armstrong
AND
Australia:
Manufacturing PMI decreased from 49.2 to 49.1
Services PMI decreased from 49.8 to 48.9
Tax everybody to death and, the real economy has no money.

"German Finance minister Olaf Scholz stated that he isn’t concerned about the US-EU trade deal, as he believes it will happen. He also mentioned that a global digital tax is within reach which has caused the US concern during discussions with member states."
Global digital tax,,, sound marvellous.

"Treasury Secretary Steven Mnuchin and European Central Bank President Christine Lagarde engaged in a heated debate over climate change today at the World Economic Forum. Mnuchin stated that technological advances will naturally curtail hazardous emissions and implementing taxes will cause a spike in energy prices. Lagarde rebuked his proposal, stating that companies can price in the additional taxes given notice. “ If you want to put a tax on people, go ahead and put a carbon tax."
Suspicious Observers reports that scientists around the world are discovering that current models leave out huge amounts of energy from the sun. This is especially true in the polar regions.
The IPCC is finally going to update their models to include solar forcing

1/24 Trump is right: Afghanistan is a ‘loser war’ – American Conservative
What did the U.S. get for $2 trillion spending in Afghanistan?
The U.S. wars in Afghanistan, Iraq, Syria and Pakistan have cost American taxpayers $5.9 trillion since they began in 2001.
Well, we got lots of opium and, lots of rich war-mongers. Quite a few dead Americans.

1/24 How Washington is ramming Real ID down our throats – American Conservative
Can't have the slaves escaping the plantation.
1/24 Trump now says he’s open to entitlement cuts, including Medicare – CNN
Each year, Congress approves hundreds of billions of dollars for the US defense budget—but the real number exceeds $1 trillion.
Here is a good article about; The danger of cutting military spending. I can cite or copy.
https://www.washingtonpost.com/opini...EXM_story.html

“We’ve spent more money on the military than the next 12 nations combined.”
Claimed by: Bernie Sanders

1/24 Copper set for biggest weekly drop in 17 months amid China virus scare – Reuters
1/24 Blain: “we know next to nothing about what the kung-flu does next” – ZH
1/24 Fears mount as cases of China’s viral pneumonia surge exponentially – Epoch Times
1/24 Jamie Dimon actually does own negative-yielding bonds, and you may, too – CNBC
All they have to do is; lie about price inflation and, VOILA !,,, Your bonds are negative yield.

1/24 Alumni of the ‘vampire squid’ control two Fed banks, U.S. Treasury, ECB, BoE – GATA
When congress refused to let the bad banks die in 2008, I went and bought farmland. The vampire squid of goldman sachs will try to save the banks until everything blows up.
"Ever since Sept. 19, 2008, when Hammerin' Hank Paulson appeared in front of the U.S. Congress on bended knee and begged those clueless politicians for a bailout—which he did successfully—the spread of moral hazard throughout the world has been a contagion that makes the Bubonic plague appear as harmless as the common cold.

That was, in fact, the day that shall go down in fiscal infamy as a most dangerous precedent was etched into the fabric and soul of the U.S. financial system. Not only did it set the behavioral course for the banker-politico alliance, it laid out as an insidious blueprint the operation manual for treasury departments and central banks around the world, the result being where we are today, a global economy teetering on an Mount Everest of debt with no solution on any horizon."
https://www.streetwisereports.com/ar...at-counts.html

Armstrong, "ANSWER: The Fed’s attempt to lower rates in 1927 to help Europe backfired. It sent capital rushing out of Europe and into the US share market as well as real estate. The Fed had to then abandon its international policy and focus on domestic policy objectives. That will most likely take place again. Despite this crisis becoming a global contagion, each country will defend itself and adopt its own measures independently. That is where the risk will truly lie because politicians are used to running on promises of power. They are not ready to surrender domestic policy objectives for international ones. I suspect we will need such a crisis before we can understand we are all connected."

We already have a World Bank and, an International Monetary Fund. Is Armstrong advocating a global digital currency?
China has the Belt & Road program and, the Shanghai Cooperation Organization.
China is stealing water form about 2 billion people. India & Pakistan are not too far from war. The several Nations that borrowed easy money from China are now in a debt trap
The European Union is blowing all to hell. China benefited enormously from globalization. Only those States that benefited from globalization want more central control.
"Despite this crisis becoming a global contagion, each country will defend itself and adopt its own measures independently."
Politicians MUST answer to their people. EVERY State will try to preserve their domestic economy and job market. The alternative is revolution.


The Importance of Becoming a Global Citizen
Global Citizenship in a Post-Nation State World
Global Citizenship Essential for Gender Equality: Ambassador Chowdhury
What kind of global citizens are teachers creating?

They are pushing to eliminate all borders and, allow labor to move freely. The Kalergi Plan is designed to destroy all racial continuity by inundating all populations with foreign immigrants. 1/2 the babies born in Germany are non-German. Supposedly, this crash will usher in a new paradigm where we all consider ourselves as global citizens. We will tackle all problems with a global perspective.
Like all Marxist plans for central control, this won't work. As the economy shrinks and we all get poorer, our "trust horizon" shrinks down to our immediate family.
A family and a clan is the original socialist unit where we / they work to support genetic continuity. A nation State is an attempt to stretch the umbrella of clan protection & support over a disparate group of strangers.
French Intel - 150 Neighborhoods Now Held By Radical Islam France Is being taken over by Muslims - We're Next,
The immigrants that are available to dilute the tribes of Europe have such an entirely different modus operandi that they will NEVER assimilate. They openly and stridently proclaim this. An economic collapse will NOT bring some kind of world unity to Europe. It will bring complete breakdown. The immigrants have no viable skills OR any desire to change from the mindset that destroyed their home country.

[Danny B]

China news

It looks like things are getting out of control in China;
SARS 2.0 - Forty One Now Dead, About 1300 Confirmed Infected In TEN Countries
US SARS n.CoV Sequence Shares Mutations With Shenzhen Cluster...Including Critical orf8
35 Million People now Quarantined In China Cities
Wuhan Ultra Biohazard Lab Was Studying 'The World's Most Dangerous Pathogens'
Very sloppily at that.
Like It's Predecessor, SARS 2.0 Spreads Through Coughs And Sneezes And Lays Active On Door Handles and all Horizontal Surfaces
Obviously, we need to stop all imports

Wuhan (19 Million Area Total) in lockdown... 'It's a ghost town' - shortages in Wuhan Develop
Does that mean that they aren't allowing local imports?
'It's a ghost town' - shortages in Wuhan Develop
"9 hours ago - Killer coronavirus could be spread through the EYES: Chinese doctor says he caught the SARS-like infection because he wasn't wearing protective goggles ."
https://www.dailymail.co.uk/health/a...READ-eyes.html
Wuhan residents scramble to stockpile food And medical supplies
Watch Infected people COLLAPSE on China streets - Vid