MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘unemployment’

Thoughts On The “New Normal” And The Things That We Are Losing As A Society…

Posted by M. C. on May 24, 2021

http://theeconomiccollapseblog.com/thoughts-on-the-new-normal-and-the-things-that-we-are-losing-as-a-society/

by Michael Snyder

The last two years have greatly shaken America, and our country will never be the same as a result.  If you would have told someone two years ago that in 2021 millions of people would run around wearing masks all day and that the federal government would be relentlessly pushing a large scale mass injection campaign, that person probably would have thought that you were nuts.  But now this is the “new normal”.  Our freedoms and liberties have been permanently eroded, and now that they have gotten away with pushing the envelope so dramatically, government entities on all levels will be ready to flex their muscles again once the next major crisis comes along.

You could argue that we should just vote out the politicians that are running things on the state and federal levels, but exactly how are we supposed to do that?

After what we witnessed last November, tens of millions of Americans won’t believe that our system of choosing leaders is legitimate ever again.

Of course those that are currently running things could attempt to restore faith in the system by getting rid of all the voting machines and by instituting real reforms that would make the process as transparent as possible, but we all know that they will never do that.

The last couple of years have been extremely painful for our economy as well.  More than 70 million Americans filed new claims for unemployment benefits last year, homeless encampments started popping up like mushrooms all over the country, and countless numbers of small businesses shut down permanently.  In fact, most Americans say that they have lost a favorite local business as a result of the pandemic

Few people have escaped the financial impact of the coronavirus pandemic and that’s especially true for local ‘mom and pop’ shops. A new study finds half of Americans have witnessed their favorite local businesses close down because of COVID-19.

A survey of 2,000 people reveals 68 percent personally know a local business owner impacted by the pandemic. According to respondents, the most commonly impacted businesses include cafes (62%), retail shops (58%), gaming shops (55%), and book stores (54%).

On Thursday, we learned that another 444,000 Americans filed new claims for unemployment benefits last week.

In 2019, such a number would have been considered catastrophic.

But in the “new normal”, that number is actually considered to be “good news”.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , | Leave a Comment »

Doug Casey on the Labor Shortage and other Disturbing Distortions…

Posted by M. C. on May 20, 2021

Are millions going to be kicked out of their apartments and houses? Does this mean we’re going to have a new wave of homeless people? Or will the State just take over their obligations, so we have overtly socialized housing? The small landlords, in particular, will be hurt worst. I’m not sure what the way out is. The country has been painted into a corner.

I’m shocked that I don’t see any of this being discussed anywhere. The country is sleepwalking into a living nightmare, and we’re just scratching the surface of all the problems that will have to be confronted in the years to come.

https://internationalman.com/articles/us-labor-shortage-and-the-implications-of-stimulus-checks/

by Doug Casey

International Man: According to the recent Bureau of Labor Statistics (BLS) jobs report, only 266,000 new jobs were created in April—well below the one million new jobs that was expected.

At the same time, American businesses are desperately seeking to fill job openings which they can’t fill. A survey by the National Federation of Independent Business found that 44% of small businesses had jobs they couldn’t fill, which is a record high.

What’s going on with these seemingly contradictory trends?

Doug Casey: First of all, I don’t trust the government’s statistics. Some are surely better than others, but especially when we’re looking at monetary and economic numbers, it’s increasingly apparent that the US government’s statistics are only marginally more reliable than those of the Argentine government at this point. As the US is increasingly politicized, they’ll deteriorate further, fudged and adjusted for propaganda purposes.

Eventually, they’ll approach the inaccuracy of those in the old Soviet Union. It’s understandable, I suppose, because people believe in, and love to quote, that old saw of Franklin Roosevelt’s: “We have nothing to fear but fear itself.” It’s nonsense, of course; you can ignore reality, but you can’t ignore the consequences of ignoring reality.

The government likes to publish happy, optimistic numbers for lots of reasons. A belief that economic health is based on psychological smiley faces is prominent among them. Unfortunately, optimism can blow away as easily as a pile of feathers in a hurricane.

That said, there are huge distortions that have been cranked into the economy because of the ongoing COVID hysteria, compounded by the government’s reaction to it. It appears there are over 16 million workers collecting unemployment bennies, while there are about 8.5 million job openings, 13% more than in the before times. How is that possible? Lots of fast-food chains are paying $15 an hour, plus recruiting bonuses—and that’s for unskilled labor. There are loads of highly-paid manufacturing and construction jobs going begging. Anyone who wants a job can have one.

There are several reasons for this.

One is that COVID hysteria is slacking off somewhat but still in high gear. A high proportion of the population wear masks when driving alone, walking alone, or even participating in a Zoom call (presumably to virtue signal). Needless to say, these types are afraid to go to work or be among other people. They want to self-isolate out of fear. They won’t work, or will work less, from hypochondria. Those that will work have to be induced with hazard pay.

Meanwhile, a combination of state unemployment benefits, $300 Federal unemployment, and Federal stimmy checks means that a lot of them can take home more not working than working.

It’s easier to stay home, get up late, binge-watch Netflix, and collect tax-free money than commute to work. After a year, it can turn into an ingrained bad habit.

International Man: Since the beginning of the pandemic, the US government has been sending stimulus checks to Americans—mostly to those who experienced no reduction in their income or job loss. This flurry of free money has led to people choosing not to work.

What’s your take on this?

Doug Casey: You get what you pay for. And if you pay people to stay at home, they’ll do that. People are consuming more than ever. Retail sales are way up because of all the funny money the government is practically helicopter dumping, while a lot less people are producing. This is a guaranteed formula for economic disaster. And it’s not just an economic failure but a moral failure.

See the rest here

Be seeing you

Posted in Uncategorized | Tagged: , , , , | Leave a Comment »

Gene drive technology: what species should we make extinct today? « Jon Rappoport’s Blog

Posted by M. C. on June 19, 2020

“Genetic engineering is to traditional crossbreeding what the nuclear bomb was to the sword.” (Andrew Kimbrell, executive director of Center for Food Safety)

https://blog.nomorefakenews.com/2020/06/18/gene-drive-technology-what-species-should-we-make-extinct-today/

by Jon Rappoport

—Freedom includes the natural right to resist and reject any technology that endangers life.

A passionate and dedicated scientist says, “I have a plan. By manipulating genes, we can make invasive rodents extinct, on an island where humans are living.”

In the next fraction of a second, a flurry of questions pops up and jumps up.

The overarching question is:

Does this mean genetic manipulation can make ANY species extinct?

Welcome to the world of gene drive technology.

Here is a passage from Gene Drive Files, a vital site with an enormous amount of referenced information on the subject:

“Gene drives are a gene-editing application that allows genetic engineers to drive a single artificial trait through an entire population by ensuring that all of an organism’s offspring carry that trait. For example, recent experiments are fitting mice with ‘daughterless’ gene drives that will cascade through mouse populations so that only male pups are born, ensuring that the population becomes extinct after a few generations.”

“Proponents have framed gene drives as a breakthrough tool for eradicating pests or invasive species. However, the Gene Drive Files reveal that these ‘conservation’ efforts are primarily supported by military funds.”

So it appears the answer is yes. Gene drive technology could be deployed to wipe out troublesome plant-parasites, weeds, crops, animal pests, animals, and…humans. Mull that over with your morning coffee.

Several years ago, the UN was considering a recommendation to call a moratorium on the use of gene drives. Here is what the Gene Drive Files reports about that tussle and the appearance of Bill Gates on the scene:

“Documents received under Freedom of Information requests reveal that the Bill and Melinda Gates Foundation paid a private agriculture and biotechnology PR firm $1.6 million for activities on Gene Drives. This included running a covert ‘advocacy coalition’ which appears to have intended to skew the only UN expert process addressing gene drives…”

“Following global calls in December 2016 from Southern countries and over 170 organizations for a UN moratorium on gene drives, emails to gene drive advocates received under a freedom of Information request by Prickly Research reveal that a private public affairs firm ‘Emerging Ag’ received funds from the Bill and Melinda Gates Foundation to co-ordinate the ‘fight back against gene drive moratorium proponents’.”

There’s more from the Gene Drive Files. It involves the military:

“A trove of emails (The Gene Drive Files) from leading U.S. gene drive researchers reveals that the U.S. Military is taking the lead in driving forward gene drive development.”

“Emails obtained through a freedom of Information request by U.S.–based Prickly Research reveal that the U.S. Defense Advanced Research Projects Agency (DARPA) has given approximately $100 million for gene drive research, $35 million more than previously reported, making them likely the largest single funder of gene drive research on the planet. The emails also reveal that DARPA either funds or co-ordinates with almost all major players working on gene drive development as well as the key holders of patents on CRISPR gene editing technology.”

“These funds go beyond the US; DARPA is now also directly funding gene drive researchers in Australia (including monies given to an Australian government agency, CSIRO) and researchers in the UK. The files also reveal an extremely high level of interest and activity by other sections of the U.S. military and Intelligence community.”

People will argue the military involvement is “defensive” in nature. The Pentagon must know what our enemies are doing in their gene drive research labs, so we can hopefully combat those efforts.

As we’ve seen in the past, such claims about US military research on nuclear weapons and bio/chemical warfare were proven false. The “defensive” research included the push to develop offensive capability.

Knowing how military planner think (and not just in the US), I’m sure their researchers are trying to figure out how to use gene drives to eliminate “just a select part” of the human population. Meaning the enemy. Which leads to the next point:

The what-could-possibly-go-wrong question. As I’ve shown in past articles, the latest and greatest gene editing tools (e.g., CRISPR), which are used for gene drives, are far from slam-dunk precise, despite official assurances.

For example, Nature Communications, May 31, 2017, “CRISPR/Cas9 targeting events cause complex deletions and insertions at 17 sites in the mouse genome.” Unintended genetic “deletions and insertions.”

And how about this study? It was published in Genome Biology on June 14, 2017, and is titled, “CRISPR/Cas9-mediated genome editing induces exon skipping by alternative splicing or exon deletion.” An exon is “a segment of a DNA or RNA molecule containing information coding for a protein or peptide sequence.” So you can see that exon skipping or deletion is a very bad idea.

In other words, ANY gene editing done on ANY species opens the door wide to all sorts of errors and unforeseen consequences. Doomsday genetic warfare and mutually assured destruction are the far shore of insanity…but closer in, where the highly limited experiments are taking place, there is no safety zone, either. Insanity reigns there as well.

“I went to Monsanto, and I spent a lot of time with the scientists there, and I have revised my outlook, and I’m very excited about telling the world. When you’re in love, you want to tell the world.” (Bill Nye, the science guy)

“I know it’s a long shot and people would say it’s ‘too absurd’… but I’m doing this with hopes of making a Mickey Mouse some day.” (Arikuni Uchimura, quoted in “Japan bio-scientists produce ‘singing mouse’”, The Independent, 21 December 2010.)

“Genetic engineering is to traditional crossbreeding what the nuclear bomb was to the sword.” (Andrew Kimbrell, executive director of Center for Food Safety)

Be seeing you

 

Posted in Uncategorized | Tagged: , , , , , | Leave a Comment »

New York vs. Texas: NY Has Nearly 50 Times More COVID-19 Deaths Per Capita | Mises Wire

Posted by M. C. on April 29, 2020

Many states now report total deaths per 100,000 that are
one-thirtieth the size of New York’s toll. Texas, for instance, reports
total deaths numbering 2.3 per 100,000. The total in South Dakota, which
has been much maligned for not imposing any statewide lockdowns, is 1.2
deaths per 100,000.

Were New York a foreign country, the US’s total death rate from COVID-19 would be cut by 36 percent:

The truth, of course, is that these statements by politicians and government “experts” were attempts to justify extreme government edicts that have created widespread unemployment, poverty, child abuse, and illness. They are irresponsible scare tactics employed for political purposes, and were never based on any actual evidence or knowledge about the situation. After all, these officials don’t even know the fatality rate of COVID-19.

https://mises.org/wire/new-york-vs-texas-ny-has-nearly-50-times-more-covid-19-deaths-capita?utm_source=Mises+Institute+Subscriptions&utm_campaign=da4fb45608-EMAIL_CAMPAIGN_9_21_2018_9_59_COPY_01&utm_medium=email&utm_term=0_8b52b2e1c0-da4fb45608-228343965

As of April 26, there were nearly 55,000 COVID-19 deaths reported in the United States. Of those, more than 22,000 (or about 40 percent) were in the state of New York alone. New Jersey was in second place, with nearly 5,900 COVID-19 deaths reported.

If we combine these two states, we find that a majority of COVID-19 deaths in the United States have come from them alone. Combined, these two states accounted for more than 51 percent (28,213) of all deaths, while all other states combined made up less than 48.5 percent (or 26,567) of deaths.

ny

Measured in terms of deaths per 100,000, New York (114 per 100,000) and New Jersey (66 per 100,000) also had the highest rates. But New York had the worst rate by far.

New York’s number of deaths per 100,000 soars above those of all other states, is double that of Massachusetts, and is more than seven times those of Maryland and Pennsylvania.

The difference becomes even more stark as we move west and south. New York’s death rate is now 22 times as large as Florida’s and 25 times that of Alabama.

compared

Many states now report total deaths per 100,000 that are one-thirtieth the size of New York’s toll. Texas, for instance, reports total deaths numbering 2.3 per 100,000. The total in South Dakota, which has been much maligned for not imposing any statewide lockdowns, is 1.2 deaths per 100,000.

Were New York a foreign country, the US’s total death rate from COVID-19 would be cut by 36 percent:

ny

Whenever comparisons of this sort are made, however, many claim that all areas of the country will closely follow in New York’s footsteps unless ever more strict lockdown measures are taken immediately.

Indeed, we’ve been hearing for weeks that various states and regions are just “two weeks behind New York” in terms of COVID-19 infections and deaths.

For example, more than a month ago, the Philadelphia Inquirer on March 27 quoted one medical expert claiming: “We anticipate we are no more than two weeks behind New York City….Cases are doubling every two to three days. We had 46 confirmed cases last night. You do the math.”

Also in Pennsylvania, a medical expert from Lehigh Valley on March 22 insisted that “we are two weeks behind Manhattan in terms of spread and seriousness.”

On April 3, Maryland governor Larry Hogan proclaimed that his state was “about two weeks behind New York.”

Meanwhile, on April 1 WBHM reported that an Alabama health official had claimed: “Birmingham is about two weeks behind New York City.” Nearly a month later, Jefferson County, Alabama, where Birmingham sits, reports a death rate of 5 per 100,000, or 4 percent the size of New York’s death rate.

When we note outlandishly incorrect predictions such as these, a common response from lockdown boosters is “Well, social distancing prevented that!”

But did it?

So far, there’s no empirical evidence even showing that social distancing works. As T.J. Rodgers wrote in the Wall Street Journal this week, there is no correlation between government-forced “shutdowns” and a muted number of deaths from COVID-19:

No conclusions can be drawn about the states that sheltered quickly, because their death rates ran the full gamut, from 20 per million in Oregon to 360 in New York. This wide variation means that other variables—like population density or subway use—were more important. Our correlation coefficient for per-capita death rates vs. the population density was 44%. That suggests New York City might have benefited from its shutdown—but blindly copying New York’s policies in places with low Covid-19 death rates, such as my native Wisconsin, doesn’t make sense.

Similarly, political scientist Wilfred Reilly ran the numbers, taking into account factors such as population and population density. He found no evidence “that lockdowns are a more effective way of handling coronavirus than well-done social-distancing measures” and concluded:

The question the model set out to ask was whether lockdown states experience fewer Covid-19 cases and deaths than social-distancing states, adjusted for all of the above variables. The answer? No. The impact of state-response strategy on both my cases and deaths measures was utterly insignificant.

Moreover, the timing is less than convincing for the “lockdowns worked!” claims. For example, in the case of Maryland, the governor claimed, “we’re two weeks behind New York,” even after a stay-at-home order was in place. That is, his prediction assumed social distancing. Nearly a month later, Hogan was clearly very wrong.

In Alabama, on the other hand, a statewide stay-at-home order did not come down until thirteen days (i.e., nearly two weeks) after the New York lockdown. Had Alabama truly been “two weeks behind,” it would have already been nearly comparable to New York in its death rate by the time the order was implemented. Obviously, that didn’t happen.

The truth, of course, is that these statements by politicians and government “experts” were attempts to justify extreme government edicts that have created widespread unemployment, poverty, child abuse, and illness. They are irresponsible scare tactics employed for political purposes, and were never based on any actual evidence or knowledge about the situation. After all, these officials don’t even know the fatality rate of COVID-19.

Now, it’s entirely possible that as time progresses later waves of illness could increase total deaths, and there may be some “hot spots” where there are serious strains on the medical infrastructure. However, given the track record of the experts in predicting who is two weeks behind New York, it looks like it will only be a coincidence if these predictions of New York–like death rates prove correct at some point. Just as financial permabears often “predict ten of the last two recessions,” I have no doubt that many government-employed experts will predict twelve of the next three hot spots. Meanwhile, thanks to these experts’ recommendations, important medical procedures will be banned, people in need of medical care will be frightened into staying home, and food shortages may become a reality.

The real question we should be asking ourselves is why is New York is such a mess in terms of COVID-19? New York’s deaths aren’t just high by US standards. The state’s total deaths per 100,000 are higher than both Spain’s and Italy’s, both of which are considered to be among the most hard-hit countries on earth. New York has reported nearly as many COVID-19 deaths as Spain (23,500), even though Spain has a much larger population of 46 million. New York is also only about 5,000 deaths behind Italy, even though Italy has a population three times the size of New York State.

Indeed, these numbers are so high that one wonders if deaths are even being counted properly, or if there is something about New York’s medical infrastructure that is especially inferior. Perhaps New York is home to a particularly virulent strain of the disease. Perhaps the disease was in circulation for far longer than the experts insist is the case. The experts don’t know the answers to these questions.

Nor should we expect answers to these questions any time soon. But what we do know is that it strains the bounds of credibility to insist that South Dakota will soon be New York if it doesn’t impose similar lockdown measures. This doesn’t mean that no caution is warranted, or that high-risk populations should neglect social-distancing measures. But the claims that we’re all “two weeks behind New York” are neither accurate nor helpful.

Be seeing you

Avatar

Lived 30 miles from NYC for a year. Manhattan, with its persistent aroma of sewage, packs and stacks 70,000 people per square mile.

After a year near Cesspool City, I was so ready to return to a West Coast county with fresh air and two people per square mile.

Posted in Uncategorized | Tagged: , , , , , | Leave a Comment »

Being Afraid and Eliminating Exposure to Germs Leads to Death by Fear and Germs: Unless the Government Kills You First – LewRockwell

Posted by M. C. on April 25, 2020

Virtually everything mandated by government to combat this virus is extremely detrimental to life, and this may be by design. As more deaths are falsely attributed to this coronavirus, more power and control will be concentrated in the hands of the State.

Population control through higher mortality and sterilization is evident in the government’s agenda, and distancing, isolation, forced vaccination, and undue stress are sought in order to facilitate this plan.

Eugenics

https://www.lewrockwell.com/2020/04/gary-d-barnett/being-afraid-and-eliminating-exposure-to-germs-leads-to-death-by-fear-and-germs-unless-the-government-kills-you-first/

By

“Do you begin to see, then, what kind of world we are creating? It is the exact opposite of the stupid hedonistic Utopias that the old reformers imagined. A world of fear and treachery and torment, a world of trampling and being trampled upon, a world which will grow not less but more merciless as it refines itself. Progress in our world will be progress toward more pain.”

~ George Orwell (1961). “1984”

Death is inevitable, so never hide from life, and never allow a moment of life to be taken from you by tyrants. All government is tyrannical, and all government seeks power and control, and today it is using a purposely-created crisis in order to gain that control. We are being told by false rulers to abandon our lives, and hide away from those we care about in order to stop a virus. This is the highest form of deception, and is only meant to divide us so sinister agendas can be accomplished in the shadows.

It has been forgotten in this day and age of total fear that our bodies, not governments, are our defense against viral agents. Maybe a few will learn from this fakery that germs are our friends. Unless our bodies are exposed to germs and viruses, natural defenses against sickness disappear, leaving the body vulnerable to every sort of germ and virus. Listening to these political trimmers therefore is detrimental to our health.

Coronaviruses are not a threat to healthy humans with strong immune systems. Viruses cannot replicate in that environment, which means symptoms and sickness are rarely present. In addition, sunshine and high vitamin D levels are of great importance, as is diet, exercise, sleep, and relaxing calm. What this means is that government and its idiotic mandates are actually killing many people, and those deaths are due to the very governing body that is lying about how to protect your health. They are in fact causing much death, much more so than this so-called Covid-19.

Virtually everything mandated by government to combat this virus is extremely detrimental to life, and this may be by design. As more deaths are falsely attributed to this coronavirus, more power and control will be concentrated in the hands of the State. One major factor in helping a virus to replicate and cause harm is stress. The more stress evident, the weaker the immune system of its host. When the immune system has to go into action in order to alleviate mental and physical symptoms due to stress on the body, this leaves the body undefended, and viruses take immediate advantage of this opportunity. In other words, people will get sick simply because of undue stress, stress now intentionally caused by this incompetent government.

Unemployment causes stress, fear causes stress, financial problems cause stress, foreign agents in the form of vaccines causes stress, hunger causes stress, worry, isolation, and lack of physical activity causes stress, self-imprisonment causes stress, and any relationship or family problems due to these factors causes extreme stress.

In addition, wearing a mask causes immediate stress to the body due to restricting airflow, and anyone with a weak immune system or with any respiratory issues whatsoever, is very susceptible to harm in this circumstance. Also, the state and health idiots claim that one should not touch their face, but wearing a mask vastly increases that touching due to the many obvious reasons to do so. Since viruses do not have the ability to jump from one person to another, masks then are not only ineffective, but may actually cause more viral spread than if not worn at all.

Then there is the ventilator issue, which is very suspect. Ventilators are actually killing those that have a viral infection.

“Some hospitals have reported unusually high death rates for coronavirus patients on ventilators, and some doctors worry that the machines could be harming certain patients. Mechanical ventilators push oxygen into patients whose lungs are failing. Using the machines involves sedating a patient and sticking a tube in the throat. Deaths in such sick patients are common, no matter the reason they need the breathing help. Generally speaking, 40% to 50% of patients with severe respiratory distress die while on ventilators, experts say. But 80% or more of coronavirus patients placed on the machines in New York City have died, state and city officials say.

That is quite a statistic, given that the state and its so-called health “experts” in the administration, at the WHO, and at the CDC, have been pushing the use of ventilators since the beginning, and have used massive resources not only to greatly step up production and purchase of such machines, but have propagated far and wide on a daily basis the effectiveness of these machines in treating coronavirus patients. But with 80% of those patients dying while on ventilators, is another agenda being worked forward? Are hospitals gaining a financial advantage for putting patients on these ventilators? Is this a way to increase the death count, just as is coding any and every death as Covid, regardless whether the patient died due to other factors?

All of the federal and state mandates to supposedly combat this virus have caused more undue death and sickness. While the extreme stress caused by these government mandates has been devastating as far as virus susceptibility is concerned, many more sicknesses, disease, and deaths are occurring simply due to government action. Stress and isolation cause any number of adverse problems, and many of those cause higher death rates than normal. The psychological harm alone is alarming and has been felt nationwide, and due to this harm, suicides have increased as well. While suicide has been increasing every year, with the onslaught of government interventions due to coronavirus, many risk factors that cause suicide have been greatly enhanced, and this will most likely not only lead to many more suicides this year, but will also lead to higher suicide rates for years to come. How many more will kill themselves in the future due to measures initiated by government during this so-called crisis? There is no way to know for certain, but indications are that it will far exceed the deaths of this 2020 virus scam.

The bottom line is this; sickness and death due to the government response to this manufactured pandemic will be multiple times greater than the death toll due to this coronavirus. But it is much worse than that, because the deaths due to this response will continue to rise for years to come, as people struggle to stay afloat in a country whose economy has been destroyed. Early and unnecessary death, suicide, family abuse, violence, despair, starvation, and loneliness will continue to reek havoc on Americans, causing any number of continuing health problems and death.

Population control through higher mortality and sterilization is evident in the government’s agenda, and distancing, isolation, forced vaccination, and undue stress are sought in order to facilitate this plan. The only viable solution as I see it is to eliminate government at every level possible.

“The state lies in all the tongues of good and evil, and whatever it says is lies, and whatever it has, it has stolen, everything it is, is false, it bites with stolen teeth, and it bites often, it is false down to its bowels.”

~ Friedrich Wilhelm Nietzsche, Thus Spoke Zarathustra [1896]

Be seeing you

 

 

Posted in Uncategorized | Tagged: , , , , , | Leave a Comment »

bionic mosquito: Economic Dr. Mengele

Posted by M. C. on April 14, 2020

What of the damage done here? Out of these countless millions of unemployed, how many will ever find similar employment in the future? After a few years out of the labor market, who will want to hire them? Many of these are young people: in restaurants, hotels, retail, etc. This purposefully-driven economic destruction will cost them for the rest of their lives.

I wonder how Amanda feels reading her dad’s missives? “Amanda, your situation is worth it, for the greater good.” That sounds lovely. We can certainly feel sorry for, and pray for, Amanda. God save her any further pain resulting from her father’s advice.

https://bionicmosquito.blogspot.com/2020/04/economic-dr-mengele.html

The stupidity, callousness, and corruption just doesn’t quit. This is a follow-up to an earlier John Mauldin column, where I asked the question Who Will Count the Cost? Mauldin has continued to write about how wonderful it is that the economy is being destroyed in order to fight the corona; his latest: Bending the Inflation Curve.

I will get a couple of simple points out of the way – points where Mauldin is wrong, but not points worth spending further time on: Mauldin confuses deflation with depression; Mauldin confuses consumer price and asset price increases with inflation.

Further, I won’t spend any time on the countless trillions being spent by the Federal government, or created from the Fed (to include the leverage on top of that). I can’t keep up with the numbers. Mauldin calls it $8 trillion thus far, and counting. Good enough for me.

So, why do I read Mauldin? I find him to be a good gauge for what those who make meaningful financial and economic decisions are up to. Nothing more.

Before starting with Mauldin, it is worth taking a look at an analysis done at The Market Ticker: Stop IT NOW Fraudsters. (it is from this post where I got the idea for the title of my post.)

It is not a long read; I will summarize: every projection model of this corona was wrong, wrong to the high side, and wrong by a factor ranging from two to twenty-five times. Not 25%…twenty-five times. And these errors were as compared to the lower boundary of the projections – not the mid-point, not the high end.

And before you say “thank God they put the house-arrest measures in place, see how well these worked!”, it is noted – by those who ran the models: COVID-19 projections assuming full social distancing through May 2020.

And this says nothing of the gross manipulation of the “data” (and I use that term in the loosest sense imaginable) of the number of people diagnosed with and claimed to have died due to the corona).

Now, on to Mauldin:

But thankfully, we are starting to see the curves bend. (emphasis in original)

Well, we are certainly seeing them bend in the national deficit, the unemployment numbers, the Fed’s balance sheet. These are certainly bending. Mauldin recognizes this.

Nevertheless, much of the economic damage is already done.

Well, you can’t cry over spilt milk. Nevertheless, no, much of the economic damage is not already done.

Close to 17 million people have filed for unemployment in the last 3 weeks.

Mauldin sees that the number will grow much higher:

That potential 20–25% of unemployed also represents significant numbers of children and family members who are also without money.

What of the damage done here? Out of these countless millions of unemployed, how many will ever find similar employment in the future? After a few years out of the labor market, who will want to hire them? Many of these are young people: in restaurants, hotels, retail, etc. This purposefully-driven economic destruction will cost them for the rest of their lives.

Mauldin, without a blink, cites Fed Chairman Powell, who says “Our ability is limited by the law.” Don’t you take great comfort in that? Well, wait…what limits the law?

The Fed needs the Treasury Secretary’s permission to do this. That means Trump must approve this….

Not that I would feel any better if it had to get through Congress. In any case, one wonders why Mauldin even bothered saying anything about “the law,” when he further writes:

This program did not appear overnight. It took days, if not weeks, to figure out how to contort the laws in order to do this.

What is the point of law if there is no point to law?

Lacy Hunt told me in an email and then telephone call that this last $2.2 trillion is not money printing. They are simply buying already existing bonds, not unlike QE in the past when the Federal Reserve bought US government bonds.

I guess Lacy Hunt belongs in the same turnip truck with Mauldin. “Well, buying US government bonds is money printing, but buying other bonds is not money printing.” And it is irrelevant whether the Fed buys existing bonds or bonds purchased directly from the issuer. It is truly irrelevant.

This is not like Venezuela, Argentina, or Zimbabwe. Not even close.

This is the truest thing Mauldin has ever written. He is right: it isn’t close. None of these countries ever had the ability to come up with $8 trillion in a matter of a couple of weeks.

Now, why does Mauldin believe inflation (price inflation) is not on the horizon? Well, this is the good news: because we will soon have 20% or greater unemployment, demand has fallen through the floor! This is brilliant.

We (meaning those like Mauldin and his buddies) will get to see our asset prices increase without having to suffer through a higher cost for gasoline because no one else is working and won’t be driving anywhere. And this is precisely the deal they wanted: create a fake crisis (the corona) as a pretext to keep the game going longer. If is costs us throwing a few bones ($1200) to the masses, so be it.

Conclusion

Speaking of unemployment, you will recall the tragedy of Mauldin’s daughter – lost both jobs just after her husband went to return to school; thereafter she had a stroke. Well, we get an update:

My daughter Amanda (who is recovering well from her stroke, thank you!) had a $71,000 hospital bill. I did not realize they did not have insurance when her husband left to go to pilot school. The hospital “renegotiated” the bill down to $56,000, and wants them to make $5,000-a-month payments. They are both now unemployed with two children.

I wonder how Amanda feels reading her dad’s missives? “Amanda, your situation is worth it, for the greater good.” That sounds lovely. We can certainly feel sorry for, and pray for, Amanda. God save her any further pain resulting from her father’s advice.

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

A Death Sentence, For Your Own Protection – LewRockwell

Posted by M. C. on March 27, 2020

Social science has established few correlations stronger than those linking high unemployment rates with higher rates of suicide, homicide, overdoses, alcoholism, and mental illness.

“Health officials” have always sought to monopolize testing within government (and government-certified hospital) ranks. And these impulses have caused the deaths of untold thousands.

In Italy, the government is using Coronavirus as an excuse to build ever-more expansive facial-recognition and social media databases and surveillance systems.  The Italian government now scours over Facebook, Instagram and Twitter posts in search of curfew or quarantine violators.

https://www.lewrockwell.com/2020/03/roger-roots/a-death-sentence-for-your-own-protection/

By

Governments worldwide are censoring information about Coronavirus, obstructing testing, slowing cures, falsely imprisoning millions, destroying trillions of dollars of wealth, and killing untold thousands with dictatorial measures.

As these words are written, governors throughout America have issued orders (without resort to any statutes or legislation) shuttering thousands of businesses and terminating tens of millions of workers.  Some 70 million Americans are now imprisoned in their residences, needing government permission even to walk to a park.  The U.S. Justice Department is calling openly calling for indefinite detentions and a suspension of habeas corpus.

The United States is under the strictest level of martial law in history.  All borders are sealed.  Tanks and armored personnel carriers now roll through the streets of New York City, San Diego and other cities.

All of this is in response to COVID-19, the “Coronavirus,” a disease whose mortality statistics are almost certainly far below three percent for all who contract it.

The sheer folly and carnage of government overreaction to this threat will go down as unparalleled in American history.  Social science has established few correlations stronger than those linking high unemployment rates with higher rates of suicide , homicide, overdoses, alcoholism, and mental illness.  Studies have found that every 1 percent increase in unemployment likely increases violent crime by 14.3 per 100,000 residents, increases property crime by 1.8 percent and increases opioid death rates by 3.6 percent.  A 2015 study found that the unemployment associated with the economic crises of 2008 likely contributed to some 5,000 excess suicides in the following years.

Yet now, in 2020, the world’s governments are mandating astronomical unemployment and social isolation—in the name of preventing deaths.  These government responses to COVID-19 will almost certainly kill far more people than the dreaded disease itself. 

Perhaps saddest of all is that the U.S. government response has been something of a copy of draconian responses by the world’s most tyrannical dictators.

The COVID-19 outbreak is said to have started in the Wuhan Province of China, although this is contested in some circles.  The Chinese government’s reaction to Coronavirus was both Orwellian and totally ineffective.  Thousands died unnecessarily.

According to The Guardian, “China’s response to the outbreak included a month-long government cover-up in Wuhan . . .  that led to the rapid spread of the coronavirus.”  Chinese police punished and imprisoned doctors for “spreading rumours” about the virus.  The government denied for months that the virus was spread by human to human contact.  Officials suppressed reports of potential cases and turned people with symptoms away from hospitals.

When the Chinese government could no longer contain the “rumours,” it ordered the entire province of Wuhan locked down, in the middle of the night with an eight-hour gap before the order went into effect.  Thousands fled.

The government then ordered 50 million people quarantined.  It was the largest prison camp in history—a record that lasted only a month and a half before it was surpassed by regions of the United States.

When panic over the virus first hit American shores in January, officials at the FDA and CDC stymied private and academic development of diagnostic tests while pushing defective government tests.  The U.S. government stopped Seattle’s Dr. Helen Chu from testing for coronavirus because Chu’s lab “was not certified as a clinical laboratory under regulations established by the Centers for Medicare & Medicaid Services.”

Hundreds of Americans will likely die as a direct result of the CDC and FDA decrees in Seattle. It was not until March 17 that the FDA first gave emergency approval to any private company to distribute nongovernment COVID-19 tests to hospitals.  (The agency still prohibits distribution to private individuals.)

“Health officials” have always sought to monopolize testing within government (and government-certified hospital) ranks.  And these impulses have caused the deaths of untold thousands.  (AIDS and HIV ravaged the U.S. for three decades before the U.S. government finally permitted—in 2012—a private, at-home HIV test.  Prior to that, the stigma of that disease undoubtedly kept hundreds of thousands from getting tested at government-controlled clinics.  Thousands undoubtedly died as a result.)

The U.S. government has also banned production of nonapproved protective masks until manufacturers submit detailed applications to the CDC’s National Institute for Occupational Safety and Health (NIOSH).  (Meanwhile government inspectors are grounded from travel to inspect the manufacturing facilities.)

The U.S. government (and state governments within the U.S.) followed the Chinese model of COVID-19 response to the letter.  Just as in China, American officials (1) enforced regulations which stalled and obstructed all efforts by private, local or academic medical experts to test or report on the virus, and then (2) overreacted to public concerns by implementing Orwellian measures to illustrate the government’s supposed control.

Today, Americans are being told they may not gather in groups larger than ten.  Many large families are, in fact, in violation of such decrees.  Chicago’s mayor has ordered citations and arrests for those who go outside for exercise.  On March 26, L.A. Mayor Eric Garcetti announced that “nonessential” businesses which defy shutdown orders would have their water and utilities shut off.  (The designation of whether a business is essential or nonessential is known to change in seconds during press conferences or phone conversations.)

As I write these words, virtually every school, university, library, food court, gym and civic center has been closed by government decree (not laws, codes, or statutes, mind you).  And while politicians spoke in velvet tones about health and fresh air, they have shuttered every available national park and almost every campground.

As always, those within government, and prominent pro-government celebrities, are getting preferential treatment for testing and treatment.  And while governments are locking down millions of inhabitants, demanding government permission documents for all travel, and banning gatherings of more than a few people, these bans do not apply to government itself.  Cops and National Guard units now march through the streets by the score.

In Italy, the government is using Coronavirus as an excuse to build ever-more expansive facial-recognition and social media databases and surveillance systems.  The Italian government now scours over Facebook, Instagram and Twitter posts in search of curfew or quarantine violators.

Stay tuned!

Be seeing you

 

 

 

 

Posted in Uncategorized | Tagged: , , , , , , | Leave a Comment »

Comparing the 1930s and Today – LewRockwell

Posted by M. C. on June 7, 2019

https://www.lewrockwell.com/2019/06/no_author/doug-casey-comparing-the-1930s-and-today/

By Doug Casey

You’ve heard the axiom “History repeats itself.” It does, but never in exactly the same way. To apply the lessons of the past, we must understand the differences of the present.

During the American Revolution, the British came prepared to fight a successful war—but against a European army. Their formations, which gave them devastating firepower, and their red coats, which emphasized their numbers, proved the exact opposite of the tactics needed to fight a guerrilla war.

Before World War I, generals still saw the cavalry as the flower of their armies. Of course, the horse soldiers proved worse than useless in the trenches.

Before World War II, in anticipation of a German attack, the French built the “impenetrable” Maginot Line. History repeated itself and the attack came, but not in the way they expected. Their preparations were useless because the Germans didn’t attempt to penetrate it; they simply went around it, and France was defeated.

The generals don’t prepare for the last war out of perversity or stupidity, but rather because past experience is all they have to go by. Most of them simply don’t know how to interpret that experience. They are correct in preparing for another war but wrong in relying upon what worked in the last one.

Investors, unfortunately, seem to make the same mistakes in marshaling their resources as do the generals. If the last 30 years have been prosperous, they base their actions on more prosperity. Talk of a depression isn’t real to them because things are, in fact, so different from the 1930s. To most people, a depression means ’30s-style conditions, and since they don’t see that, they can’t imagine a depression. That’s because they know what the last depression was like, but they don’t know what one is. It’s hard to visualize something you don’t understand…

To define the likely differences between this depres­sion and the last one, it’s helpful to compare the situa­tion today to that in the early 1930s. The results aren’t very reassuring.

CORPORATE BANKRUPTCY

1930s

Banks, insurance companies, and big corporations went under on a major scale. Institutions suffered the consequences of past mistakes, and there was no financial safety net to catch them as they fell. Mistakes were liquidated and only the prepared and efficient survived.

Today

The world’s financial institutions are in even worse shape than the last time, but now business ethics have changed and everyone expects the government to “step in.” Laws are already in place that not only allow but require government inter­vention in many instances. This time, mistakes will be compounded, and the strong, productive, and ef­ficient will be forced to subsidize the weak, unproductive, and inefficient. It’s ironic that businesses were bankrupted in the last depression because the prices of their products fell too low; this time, it’ll be because they went too high.

UNEMPLOYMENT Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , , | Leave a Comment »

EconomicPolicyJournal.com: Alexandria Ocasio-Cortez: Not Exactly A Tax Expert

Posted by M. C. on January 30, 2019

Occasional-Cortex: Unemployment is low because people have jobs!

http://www.economicpolicyjournal.com/2019/01/alexandria-ocasio-cortez-tax-expert.html

Alexandria Ocasio-Cortez: Not Exactly A Tax Expert

This is excellent.

RW

Be seeing you

vene social

Is that Sean Penn?

Posted in Uncategorized | Tagged: , , | Leave a Comment »

Fifty Cent Names For Minimum Wage Legislation

Posted by M. C. on September 19, 2015

New York and left coast cities are having a high old-time with the minimum wage and deciding how much to make it.

Much legislation has a catchy name associated with it. This is to make the legislation appear less vile and disgusting. The patriot act comes to mind. Here are a couple catchphrases for prospective minimum wage legislation.

The pump your own forever gas bloating guarantee act.

The self checkout lane expansion food for thought act.

The robotics engineering acceleration act. Danger! Danger!

The drive thru only/ATM bank branch multiplier act.

The unskilled black youth unemployment act.

Posted in Uncategorized | Tagged: , | Leave a Comment »