Debt Rattle July 9 2020
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Berenice Abbott Columbus Circle, Manhattan 1936 • US COVID19 Cases Rise By Over 60,000, Setting Single-Day Record (R.) • The US Surrendered To
[See the full post at: Debt Rattle July 9 2020]Berenice Abbott Columbus Circle, Manhattan 1936
Given the current bruhaha in America; your choice of today’s picture is just so right on!
I had a Jefferson memorial the other day, and now Columbus Circle, and I’m not even trying..
The U.S. is so in love with a mythological history, it doesn’t even know its genuine history; how could you miss? 😉
In any event; I’m just a distant observer with no influence what-so-ever, over any and all things…
It’s quite a lovely place to be… 😉
Did you see Steve Keen is moving to Bangkok? He got bored in Trang and is convinced the big city is safe
Did you see Steve Keen is moving to Bangkok? He got bored in Trang and is convinced the big city is safe
Yes, we e-mailed and he said.
44 days, no internal transmission of the flu. All incoming are tested and quarentined.
I agree with him about safety; but always be on your toes for anything…The Thai government has done a bang-up job during this period; many kudos to all of them.
Their healthcare shown brightly during the worst of it…
I’m just stunned by what is and has been done; no bullshit, no propaganda, just complete coverage and action on evry front…
Well done Thailand…Cool pic bro: Problem is, that’s not what the CDC or research has said about masks. Bacteria and droplets maybe. But I saw it on the Internets!
Armstrong:
“The world has changed dramatically in the course of this orchestrated and intended collapse of the global economy in order to launch this Great Reset. In the course of several months, we have watched a deliberate economic disaster under the pretense of this coronavirus pandemic. While the main objective of one group has been the create a New Green World Order, they relied upon Socialists who realize that their economic dreams are also collapsing. As a result, this combined force is out to change the world and the real agenda is the New Green Socialist Agenda. They have pretended that there has been this huge tragically large number of human lives being lost when more people die from car crashes. They have deliberately terrorized people to achieve their agenda.They have embarrassed politicians and countries into implementing quarantines, social distancing, and have locked down the world population where NOTHING of such a magnitude has EVER taken place in 6,000 years of recorded history. These drastic practices to contain this exaggerated pandemic have unleashed a Sovereign Debt Crisis our computer has been forecasting but never in my personal imagination would I have ever anticipated that this would be deliberate.
The cost of this Great Lockdown is virtually beyond comprehension. We are witnessing people hoarding cash around the world. The magnitude and speed of collapse in economic activity that has followed is unlike anything experienced in our lifetimes. Yet the real trend starting to unfold is the collapse in public confidence. We are now even beginning to see runs on banks to hoard cash in China as well. Our sources in China are reporting that the People’s Bank of China initiated a strategic plan in the Hebei province which requires retail and business clients to pre-report any large withdrawals or deposits. They will expand this program in October to other provinces.
On a global scale, lenders around the world, including China, are facing a surge in bad debt as a direct result of this Great Lockdown. The world economy is facing a tsunami of bad debt that is bringing about an economic recession/depression into 2022. Even in China, the economic outlook is one of the slowest economic growth in four decades. In China, the government regulators were forced to step in last month to prevent bank runs at two local lenders in Hebei and Shanxi. Last year, China bailed out and even took over several struggling banks. In China, much of the loans were on real estate which has been forced to contract as social-distancing impacted the freedom of movement.
Our warning of the pending Monetary Crisis Cycle and the simultaneous Sovereign Debt Crisis Cycle has created a world economic outlook that is just beyond ANYTHING we have witnessed in over 300 years. This is How Empires, Nations, and City-States die.”
Why play along? Nothing we’ve done so far has rocked China. And everybody, good and bad, all want a reset. Remember: “It’s not whether you win or lose, but where you place the blame.” We want it to be their fault.
“A state holding company modeled after Roosevelt’s Reconstruction Finance Corporation.”
You mean the one that totally didn’t work, completely failed, and the Depression went on 10 more years? Yeah, we should try that. This time is different.
The government can’t even pay unemployment checks, a thing they were already doing, and are still not helping/paying people 16 weeks later. Wonder who’s living under a bridge? But it’s not government or legislators: they’re getting paid handsomely and on time while their tax base is cut in half and crime doubles. No consequences for failure, no rewards for success, just madness all around.
The Thai King rented a whole hotel in Switzerland for himself and his entourage, allegedly to escape the height of Covid.
But learning of the quiet success achieved in the control of it, does not redeem his majesty but it puts him in a less egregious context.
Here in USAkistan, “The city on a hill”, the Fed and its princelings, a de-facto Royal House more numerous than the House of Saud, keep churning fiat money to buy shite (Hertz stock) as well as tangible assets while Rome burns, I miss the circuses though.
I’m on my 3rd round of listening to John Taverner’s Gaude Plurimum before I hit the pavement inoculated as it were, from the downers of the world we’re living in.
Such a work of talent and Logos conceived in 16th Century England will keep manifesting the spark of life ’till the end of time.
While we get stupider.God help us.
Where is the money
The cost of this Great Lockdown is virtually beyond comprehension. We are witnessing people hoarding cash around the world.
The world economy is facing a tsunami of bad debt
Not here
• 53% Of Restaurants Closed Amid Coronavirus Have Shuttered Permanently (RD)
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Retail, travel, hospitality. Much of it will never be back.
• United Airlines Sends Furlough Warnings To 36,000 Workers (R.)
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• US Retail Apocalypse: Over 25,000 Stores Could Close By Year End (ZH)
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The U.S. Labor Department (DOL) reported Thursday (July 9) that another 1,314,000 American filed initial claims for jobless benefits last week, bringing the total number to more than 49 million since the pandemic began.
Not here
– Trudeau
“If the federal government hadn’t taken on significant debt in order to send money to Canadians to support businesses and households, what would Canadians have done?” he asked.“They would have loaded up their credit cards, they would have scrambled to try and find ways to pay their bills, pay their groceries and figure out how to care for their loved ones.”
Not here
According to the latest data released by the Census Bureau, only 12% of households saved or planned to keep their stimulus money, while the rest spent it on living expenses or paying off debt. Most Americans don’t have enough money to cover a small emergency, so it’s likely that most of that money has now been spent.
Not here
WHO is it that is making the Nasdaq go to fresh record highICU bed shortage in Florida hospitals? A local news station there did some digging.
Some of Central Florida’s largest hospitals are out of adult intensive care unit beds and running low on regular hospital beds, according to the Florida Agency for Healthcare Administration hospital bed dashboard. However, local hospitals say they can increase their capacity to meet coronavirus demand should the need arise..
In Orange County, Orlando Regional Medical Center, Orlando Health-Health Central and Orlando Health Dr. Phillips Hospital are showing zero adult ICU beds available.
News 6 reached out to AdventHealth and Orlando Health, the regions largest healthcare providers, to verify if the state-run dashboard is an accurate reflection of local hospital capacity. According to the AHCA, the dashboard was updated as of Tuesday afternoon.
Orlando Health Director of Public Affairs Kena Lewis said the AHCA dashboard is up to date with information provided by the hospitals but the numbers don’t reflect the overall bed capacity because, if needed, they can scale up to meet increased demand.
“In mid-March, as patient volumes declined and fewer beds were needed, Orlando Health began consolidating units to reduce the number of beds – including ICU beds – that were staffed and in operation. The current operational bed count is what we report to AHCA and what appears on their website. That number is not Orlando Health’s total bed capacity. Across all of our operations, we have nearly 3,300 beds. Nearly 200 of those are ICU beds and we have the capacity to surge up to 500 ICU beds if it becomes necessary,” Lewis said in an email. “We are carefully monitoring the increases in patient volumes. If the need for additional beds grows, Orlando Health will re-open units and make other necessary adjustments in order to meet the needs of the community.
In response to inquiries, AdventHealth issued this statement:
“AdventHealth’s facilities across Central Florida have sufficient capacity to care for patients, including those with COVID-19. Our hospitals are designed in such a way that spaces are flexible and expandable. We have sufficient supplies of ventilators, monitors and other specialized equipment in order to quickly convert spaces in the hospital to both standard and ICU level rooms. We did a significant amount of planning in March and April to identify areas that could be converted if needed.Some information about the use of inhaled corticosteroids for treating COVID-19 (which is advocated by Dr. Richard Bartlett):
Use of inhaled corticosteroids in asthma and coronavirus disease 2019
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7329280/
“Surging Demand for Hong Kong Dollars Underscores Beijing Support (BBG)”
Yes, the PBOC has learned well from Wall St, meaning that in today’s economy the Central Banks are the market. The greatest money laundering operation the world has ever seen. Trillions in debt is created with the flick of a keystroke, then given to Wall St banks. From there it is pumped through the markets and into the pockets of the 0.1%, all nice and clean and legal, but yet thoroughly corrupt.
“John Solomon: Indictments Coming In Russia Investigation (WND)”
Sorry, but show me. I would really like to believe that there are still small pockets of justice that have survived the institutional moral rot, but I’m still looking. The wheels are in motion, the say. Any day now… Really… We mean it… Just a few more loose ends to tie up… You’ll see.
“Most Americans Believe Russia Targeted US Soldiers (R.)”
Most Americans that watch TV news or still read the print media, that is, which are mostly boomers raised on Walter Cronkite. A dying generation. Then what will the media do to control the public mind? The others wouldn’t know what you were talking about, as there is not much bandwidth left after working two jobs to pay off your student loans.
“Nearly every war that has started in the past 50 years has been a result of media lies.”
Just watched the video of Julian Assange. Like drinking a cool glass of water. If you ever wonder what the voice of reason sounds like, this is it. Clear, concise, grounded in reality, no hysteria or money-driven agenda pulling the strings. No wonder they hate him so much. Like the Papacy’s pursuit of Martin Luther, he must be stopped.
It’s too late, of course, as Reality will not be denied. It persists and is infinitely solid. All must eventually worship at the altar of natural law, which cannot be moved one iota. Just think, one day in the near future there will be monuments dedicated to this man.
Inhaled steroids are nothing new. In routine use all along. ll doctor routinely prescribe inhaled steroids for anything but mild cases of asthma, and for thing that acts like asthma exacerbations.
First video has no sound and special cut technique. Second is narrated with typical cleft grafting technique. Cambium layer just under skin lining up and staying there is critical. Keep scion from dehydrating as it won’t have flow initially.
Razor or grafting knife. Grafting tape.
Rootstock and scion should both be in growth phase.
Best overall text, 1997, with illustrations, from UC Davis.
http://homeorchard.ucdavis.edu/8001.pdf
Whip grafting http://ceventura.ucanr.edu/Com_Ag/Subtropical/Avocado_Handbook/Horticulture/Budding_and_Grafting_Citrus_and_Avocados_in_the_Home_Garden_/The best grafting technique for small-diameter 1/4 to 1 /2 inch [0.6 to 1.2 cm]) rootstocks is whip grafting. Whip grafting should be done in the fall or spring. Although whip grafts use more scion wood than budding does, they allow the grafted plant to develop more rapidly.
To make a whip graft (fig. 3), select as a scion hard and mature green wood. First make a long, sloping cut about 1 to 2½ inches (2.5 to 6.2 cm) long on the rootstock (fig. 3A). Make a matching cut on the scion. Cut a “tongue” on both the scion and rootstock by slicing downward into the wood (figs. 3B-3C). The tongues should allow the scion and rootstock to lock together. Fit the scion to the rootstock (fig. 3D) and secure with budding rubber (fig. 3E). Apply grafting wax to seal the union. To prevent sunburn, new whip grafts should be protected from the sun until they heal. After the scion has begun to grow, remove any growth from the rootstock. If necessary, support new shoots by staking.
Oh, my, I accidentally pasted instead of copying.
Well, that’s where I am for the past couple of days. Our tests take 10 days to come back. I’m giving out all the vitamin-D I bought when I test people, and advising them how to dose their families.
I’m comforting people afraid they will get worse again and have to go back to the hospital. There is a lot of fear associated with smothering. The anxiety persists.
Your own immune system is probably the only wonder drug you will ever get. Feed it 5000 units per day of vitamin-D. Get some zinc if you can, maybe talk to your doctor about hydroxychloroquine, or get some if you can do that where you live.Picture of Mexican Avocado and orange seedlings in kiddie pool at today’s abbreviated post “Busy Life”.
http://www.johndayblog.com/2020/07/busy-life.htmlzerosum
From yesterday on HCQ: People with glucose-6-phosphate dehydrogenase (G6PD) are discouraged from taking HCQ (and a slew of other common drugs like aspirin and acetaminophen; also fava beans).
“An estimated 400 million people worldwide have glucose-6-phosphate dehydrogenase deficiency. This condition occurs most frequently in certain parts of Africa, Asia, the Mediterranean, and the Middle East. It affects about 1 in 10 African American males in the United States”. (NIH website)We sort of knew that already My Parents, I’ve mentioned it here before. Question remains: how does the supposed G6PD risk rhyme with the 200 million people in Africa who were given HCQ over the past 60-odd years?
My crop of fava beans are great this year
After susceptible subjects eat the beans, symptoms can occur in 5–24 h. The symptoms include headache, vomiting, nausea, yawning, stomach pains, and a raised temperature.Acute hemolytic anemia in G6PD-deficient people can develop after eating fava beans. This is known as favism. It was once thought that favism was an allergic reaction and that the condition could occur from inhalation of pollen. However, researchers have identified the chemicals, known as vicine and convicine, found within fava beans that trigger acute hemolytic anemia episodes in G6PD-deficient people. These chemicals occur in high concentrations within fava beans, but do not occur in other types of beans.
https://www.nutrition-and-you.com/fava-beans.html
Fava beans (broad beans) nutrition facts
Fava beans (broad beans in the UK) are large, flat, light green pods usually eaten shelled for their delicious beans. Fava is one of the ancient cultivated crops probably originated in the fertile valleys of Asia Minor or Mediterranean region.The mask poster is nonsense. Maybe it is there as an example of nonsense.
100% transmission? What were they doing??
Where is the money
The banks deny having it
https://www.zerohedge.com/markets/sp-forecasts-21-trillion-global-bank-credit-losses-over-next-two-yearsS&P Forecasts $2.1 Trillion In Global Bank Credit Losses Over Next Two Years
“The bottom line: global banks are already facing $2 trillion in losses over 2 years. Should the pandemic make a triumphal return and force another round of shutdowns, countless banks – both in the US and across the world – will end up going out of business, as there is no amount of direct or indirect Fed funding that can offset another $2 trillion in losses in the coming years”
JUBILEE MUST BE COMINGFor people with G6PD, there is evidently a related problem with Chloroquine (CQ), but not with Hydroxychloroquine (HCQ). From that recent COVID-19 study showing good results with HCQ in Detroit hospitals:
Results
Of 2,541 patients, with a median total hospitalization time of 6 days (IQR: 4-10 days), median age was 64 years (IQR:53-76 years), 51% male, 56% African American…
https://www.ijidonline.com/article/S1201-9712(20)30534-8/fulltextFrom an earlier comment I posted:
“One drug commonly associated with hemolytic anemia in G6PD deficiency is … chloroquine.
Should this be a concern in the present debate over treating COVID-19 patients? In my opinion, yes. G6PD deficiency is rather common; in fact, it is the second most common human enzyme defect, affecting some 400 million people worldwide. It affects 1 in 10 African-American males in the U.S…Given the challenges of knowing who may or may not have G6PD deficiency, it would seem prudent not to use chloroquine to treat COVID-19 patients who may be at risk for this genetic condition. The last thing they need is to have a serious respiratory disease compounded by hemolytic anemia, resulting in further loss of oxygenation.
Hydroxychloroquine, on the other hand, does not induce hemolytic anemia in people with G6PD deficiency despite the molecular similarity to chloroquine. It has shown effectiveness in inhibiting the pandemic coronavirus during in vitro testing.”
Chloroquine Is Not a Harmless Panacea for COVID-19
— There’s a real safety concern with malaria drug
by Dan J. Vick MD, DHA, MBA, CPE March 23, 2020
https://www.medpagetoday.com/infectiousdisease/covid19/85552Is Hydroxychloroquine Safe for Patients with G6PD Deficiency?
There is no data to support the withholding of hydroxychloroquine (HCQ) therapy among African American patients with glucose-6-phosphate dehydrogenase (G6PD), according to the results of a recent review… “This is the largest study to date evaluating G6PD deficiency with concurrent use of HCQ,” the researchers concluded. “These data do not support routine G6PD level measurement or withholding HCQ therapy among African American patients with G6PD deficiency.”
https://www.consultant360.com/exclusives/hydroxychloroquine-safe-patients-g6pd-deficiencyThanks for the grafting info John, I have a bunch of Avocado seedlings that popped up in the garden but if left ungrafted who knows what sort of fruit they will produce.
With current events, I’m struggling to reach any other conclusion but that all the chaos has emergent properties and is a systemic reaction to declining energy and resource levels per person. Although it’s easy to think that some group or another is pulling the strings behind all of this, I think it is just various parties taking advantage as opportunities present themselves, and that the overall momentum of events is beyond anybody’s control. Perhaps it is a pulse in the system as it winds down to a lower state of energy consumption, and what all this basically amounts to is (brutally) trimming the fat of system. If it follows the usual system pattern we will go through a series of crises then adjust to a new lower level of complexity, before another set of crises drive as to a new lower level. So on and so forth for the next 300 years or so until we bottom out in a new dark age. Perhaps then a new civilization will build something on the ruins, but it will be very different to ours as they will not have access to millions of years of stored solar.
Where is the money
The banks deny having it
charleshughsmith HAS A POSSIBLE ANSWERhttps://www.oftwominds.com/blogjuly20/fantasyland7-20.html
You Are Now Leaving FantasyLand: The Losses Will Be Taken By Somebody
July 9, 2020The Neofeudal Aristocracy overlooks one terribly inconvenient fact: the debt-serfs and peasantry own next to nothing. The non-linear collapse of phantom capital will have asymmetric consequences: all the “assets” most likely to go to zero are owned not by the peasantry but by the Neofeudal Aristocracy.
JUBILEE COMING FOR SOME NEOFEUDAL ARISTOCRATS
So hey! I’ve been resisting taking my morning cup over to the desk, staring into the ‘oracle’ and seeking an answer, some confirmation. It’s been nice, take my cup out, watch the sun rise and the dog play. I am fortunate and I know that…but other than that what do I really know? This morn I succumbed to the urge. Good to see a civil discourse, some smart guys and gals on AE for sure. Thanks Raul! Thanks for letting peeps like Dr.D and the others have a voice, even if in opposition. Refreshing.
So I was thinking in, 1968 we had ‘counterculture’ but had no idea there would be a mechanism called ‘cancel culture’. In 1968 I was 18. Life was surfing,sex, drugs, rock and roll and yeah that college thing too. 1969 Woodstock. 400,000 kids and more of the above. So last month one of my fellow boomers reminded me that 1968-1970 were the H3N2 years. I had forgotten if I ever knew? I’m surprised that the social justice warrior history revisionists haven’t cancelled H3N2’s common name yet but I won’t even go there. My wife’s dad got the flu in 1968, he had a rough week at home in bed. My wife (a retired nurse) got the H3N2 in 1983, patient contact. A rough week in bed at home. I never got it even with close bedside care. Sorry, just freewheeling here cuz what do I really know, yah know?
Hey! I saw over at black swan central one of the maestro’s groupies touting his ‘don’t cross the river if it’s 4 feet deep’ probability parable. Hah! Myself? With the wax on wax off I have in swift water, taking all variables into consideration…? Good chance I’d just swim across even if it was a 100 feet deep, of course if I even thought there was value on the ‘other side’ of the river. Now if LIFE was on the other side of the river….?
Good to know how to swim? Yeah I would say but I only know what I know.
Some quite interesting thought on our present Situation in this five-minute video:
https://hooktube.com/watch?v=Hz7T8-0PpMIinteresting times
-Bill7
Dr D. “they have pretended that there has been this huge tragically large number of human lives being lost when more people die from car crashes.” Please Dr D. Somewhere between 40 to 50K people die in the US from vehicular crashes, not 132,000! You lose credibility with these numbers, and we are only half way through this year.
Arttua
Please Dr D. Somewhere between 40 to 50K people die in the US from vehicular crashes, not 132,000! You lose credibility with these numbers, and we are only half way through this year.Good catch…
I’m gobsmacked by the 2 days of 60,000+ new cases in U.S.!
A total breakdown/collapse of any semblance of organized actions to combat/control the outbreak.of the virus.
On occasion, over the past years, I have advised those thinking of leaving should do so before they can’t. Well, now Usians can’t leave; no country will allow them entry because of the incompetent handling of the virus epidemic.I think what bothers me most is the open, public behavior during this crisis.
Total and complete irresponsibility; a marker for something far more serious and sinister within U.S. society.
The view from the Hermitage is one of a collective psychosis…
Beyond that, I’m left speechless…Doc R.
I read the paper you posted and have come away somewhat confused. Maybe you can clarify a few things for me.Budesonide does not surpress virus replication but ciclesonide does?
“One UK database study among 817,973 people with asthma observed a nonsignificant 10% increase in COVID related mortality associated with use low or medium dose ICS and a significant 52% increase with high dose ICS” – This sounds bad but then…
“for patients with asthma, the current guidance is to continue taking their ICS containing controller therapy because it may confer optimal protection against viral infections including SARS-CoV-2 – This sounds like a good thing.
Comments?
Zerosum- you are a brick.
Doc Robinson- I knew I had seen it somewhere. Thanks for the review. The sheet I saw said “chloroquine and derivatives”. I’m glad to see HCQ is okay.Masks are wrong.
Faces matter. Expressions matter. Masks AND social distancing? Why? Why ever outdoors?
Indoors: you must change it out. It must fit well. The gingham and sports cloth ones are ridiculous- but even N95s don’t stop viral particles. (have you SMELLED one of those things?). So what is the point? The WHO admitted it is RARELY spread asymptomatically.
Masks are a badge of solidarity. I don’t think I have yet heard a mask-wearer say “I hate this thing!”
People peel their masks off to hear (an adorable empathetic response), to smile (a natural response), to itch their face, to sneeze, to cough, to breathe. I see it again and again.
There’s a reason bandits wear masks. There’s a reason we react to a masked face with suspicion. (Convenient as we contemplate civil war).
Here in the land of scandihuns and germanavians the “social distancing” is business as usual. But the masks are inhuman. Putting one on a child is abuse. Wearing one when playing with a child is creepy. Really, really creepy. Joe Biden creepy. Stop it. It isn’t helping.I don’t think I have yet heard a mask-wearer say “I hate this thing!”
If you were to ask my wife; she would confirm that I say it often and not shyly…
But I wear it never-the-less…when in stores…
I do not entirely agree with your mask diatribe: eyes smile among many other facial expressions not entirely hidden by the masks.I was struck more by “People peel their masks off to hear”. WHAT?
Maybe they don’t wear them right if they cover their ears?
I was struck more by “People peel their masks off to hear”. WHAT?
Yes, my reaction as well.
But, I wonder if he meant the speaker peels of his mask to be heard?
My hearing ain’t all that great anymore, and often I can’t make out what the speaker is saying through their mask.
If they lower the mask a bit, it helps immensely…
But, I don’t know for sure either…the meaning…LoL. My “hearing” problem is compounded by either a Thai speaking English with a heavy Thai accent… or…just speaking Thai, but both, through the cloth mask, muffling the words to this farangs 75 yo ears…
In the end, it all works…
😉@ chettt,
I’m not a medical doctor, but my layman’s interpretation of that article is that it looks at potential “positive and negative effects of using ICS [inhaled corticosteroids] in relation to COVID-19”, with results of various studies that seem to give mixed results. That quoted result — “One UK database study among 817,973 people with asthma observed a nonsignificant 10% increase in COVID related mortality associated with use low or medium dose ICS and a significant 52% increase with high dose ICS”– sounds bad, but it could be explained by “confounding due to disease severity” meaning those who were using high doses of ICS had the worst cases of asthma, making them more susceptible because of the severe asthma (not because of the ICS).
Regarding budesonide vs. ciclesonide etc, some preliminary data is mentioned which suggests that ciclesonide could be more effective. Randomized controlled trials are suggested.
“Meanwhile, for patients with asthma, the current guidance is to continue taking their ICS” because there MAY be benefits against COVID-19, in addition to the benefits the patients receive from the ICS for their asthma.
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