Debt Rattle May 1 2020

 

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  • #58127

    René Magritte L’avenir (the future) 1936   • Wall St. Caps Best Month In 33 Years With Broad Sell-Off (R.) • Dr. Fauci Says Developing A COVID Va
    [See the full post at: Debt Rattle May 1 2020]

    #58129
    anticlimactic
    Participant

    Why not trust the people?

    The ‘official’ figures are only those who have been tested with swabs, normally at the point when hospital treatment is required. Totally ignored are those people who have it but do not require hospital treatment.

    WHY!

    By only including the very sick as having the virus the death rate can appear very high making the virus as scary as possible, which seems to be the only reason for this approach. It can be used to justify anything!

    For example, I mentioned the NHS hotline in the UK had 1.7 million people registered as having had the virus but were never included in official figures. Antibody testing typically shows that infections are fifty times or more than the ‘official’ rate.

    A new virus tracking app in the UK has 2.6 million users. They are encouraged to enter details daily, whether they are well or not, to give a dynamic view of the virus . The app asks for historical data so they can track the progress of the virus back to January, and possibly December.

    2.6 million people is only a fraction of the population, but is more than enough to model the disease for the whole population.The app shows the virus peaking at 2.1 million cases on April 1st, falling to 350,000 earlier this week.[UK]

    An app like this would be useful for any country. It gives a daily snapshot of the virus and pulls in historical data to show its’ development. It is not possible to test everyone with swabs daily, but we CAN ask people how they feel!

    https://www.dailymail.co.uk/news/article-8258291/Tracker-app-shows-coronavirus-spreading-UK-weeks-case-spotted.html

    #58130
    lasttwo
    Participant

    Thank you Raul this must be getting more and more difficult. Please know that it is appreciated. thank you

    #58131
    Dr. D
    Participant

    “In early March I watched the President, Treasury, Congress, and Fed sit for less than two days (prior to any lockdown) and agree on a $5.4 trillion package to bail out over-levered speculators via the repo market. The speculators never had to stop speculating.

    But then I was mandated to close down my businesses. Yet when it came to approve funding for small businesses that same group of policymakers bickered for 3 weeks to agree on a package only 1/10th the size of the speculator bailout. If that wasn’t disheartening enough, I was then told the funding would be a lottery from which the winners would be selected by bankers because the approved honey pot was far too small to help but a few small businesses.

    I’m still waiting for my winning number to be called and still trying to understand why bankers are allocating taxpayer funds. In the meantime my employees sit at home and my business model is melting away.
    As someone that is fairly proficient in financial modeling what has me stumped is the math behind approving only $600 billion for 30 million small businesses. One doesn’t require a Booth MBA to understand $600 billion, half of which was very quickly gobbled up by large entities, is effectively immaterial. The math equates to approximately $10K – $20K per operating business. And so there is absolutely no question that a decision has been made to let 5M to 10M small businesses go under over the next 12 months. That’s basic math and I’m keen to understand why.

    The policymakers need to explain why the Fed can print any amount of money it deems necessary so long as that money goes to bankers, traders, private equity firms, endowment funds, and publicly traded corporations. Why only when it comes to actual economic producers like small businesses or civic institutions like healthcare must we adhere to this law of money scarcity. And why don’t the PhD economists discuss this financial bigotry?

    https://www.thechicagoeconomist.com/episodes/family-guy-presents-fed-policy

    Already covered it: if the money hides only in fictional finance, it’s inert, glacial, and Ice Cap. If any of it gets anywhere near the real economy, prices rise, wages rise, commodities rise, and proportionately, stocks and assets “fall”. Wall Street gets poorer, farmers and workers get richer. Bankers and politicians lose power: the people and producers gain power. THIS CAN NEVER HAPPEN. In fact, this is what they say, each and every meeting, about “Inflation expectations are contained.” “Wages are stable.” Stable while inflation makes them poorer each moment and half their savings is erased by retirement. This is considered a total “good.” Wages can never rise, assets like stocks and houses can always rise until, like Canada, Australia, and hot spots worldwide, they are no longer 0.5x but 3x, 6x, 10x average income and every child of every mother is living on the streets of San Francisco in a pile of s—t getting medieval diseases and no one cares. They don’t care because the zeros they created in their stocks give them the power and privilege not to care, and also not to do any work at all, ever.

    “The richest one percent of this country owns half our country’s wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons – and what I do, stock and real estate speculation. It’s bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now, you’re not naive enough to think we’re living in a democracy, are you, Buddy?” –Wall Street

    It takes a government to do that. It takes their authorization, their protection, their redistribution, and their unending violence toward the people. Because otherwise, the people would not allow it, as they voted overwhelmingly not to in ’08, and would not allow this injustice, and would eat up the whales like piranhas in just a few years of real competition without the government enforced monopoly protections. How can I tell? Every industry that has money: cell phones, pharmaceutical, finance, automakers, colleges, military, are universally monopolies. Any place that isn’t true: Lasik, plastic surgery, LCD TVs, YouTube education, Bitcoin, the prices are 1/5th to 1/100th for the same services.

    They can print infinite money provided it’s buried in a big hole and never reaches the economy, that is to say, YOU. As long as it gives them more power and you less. No mystery Mr. VF Chicago. They write it in public documents, explain it, and sign it with their name.

    Unfortunately, that can’t last forever. Prices for fantasy cannot grow to the sky. Prices for real goods, wheat, silver, cannot fall forever, because one day they will not be produced. And that day is today.

    When they’re not produced, the prices rise. When the prices rise, speculators see a new trend. Long-seeking, they sell their overpriced assets that are stalling and buy the underpriced assets that are rising. The entire Ice Cap of fake value, printed money, evaporates from paper promises and rushes like the sea into real goods. Thanks to their decades of interference, the relative price and size are mismatched by orders of magnitude. Prices for food that would ordinarily rise 10-fold in 1970 can now rise 200-fold.

    As that cannot happen, the system itself will crack and be reset. As it just cracked and is being reset right now, this minute.

    Do you see them print money, $1,200/person, $600+/week, $10Trillion a month? Those are call options on real goods in the system.

    On the other side, they have prevented any new goods from being produced. The call option is only on goods that are in warehouses this minute. When they’re gone, they’re gone. No work = everybody dies. Might there be shortages under such a system? Just like every place in time and space it’s been tried?
    And it’s not just this. Base + $600+/week = $25k/year salary. No one CAN go back to work unless private-sector wages rise, possibly double, to bring those 50% of workers who actually DO things back to the factory. So you have rising prices AND shortages even if you call back to work as quickly as is practicable.
    But go on, print your money and learn your lesson. No one will learn otherwise. I’ll sit and watch. This was always going to happen. There’s nothing left for me to do but to watch my preparations play out.

    Stocks Scream to “Most Expensive Ever” in Greatest Month Since ’87”

    img
    https://www.zerohedge.com/s3/files/inline-images/bfmBA2D.jpg?itok=dh8xcFk0

    “Deutsche Bank Capitulates: Starts Charging Negative Rate on All New Deposit Accounts Over €100,000 — The great rotation into “alternative” assets is about to begin.”

    “Silver Hasn’t Been this Cheap in 5,000 Years of Human History”

    Silver:gold ratio long-term average: 16:1. Today’s ratio: 112:1

    https://ourworldindata.org/food-prices#wheat-prices-since-the-13th-century

    #58132
    zerosum
    Participant

    So point your fingers at the real culprits,
    (lawyers, accountants, bankers)

    • Wall St. Caps Best Month In 33 Years With Broad Sell-Off (R.)
    …… unemployment claims topped 30 million and consumer spending has plummeted,

    HCQ was never a controversial drug until Trump mentioned it.

    • WHO ‘Not Invited’ To Join China’s COVID-19 Investigations (Sky)
    (Maybe its because an american would be included among the WHO reps.?)

    • Ten Reasons Why A ‘Greater Depression’ For The 2020s Is Inevitable (Roubini)
    (Your late …. Its happening as we speak)

    “The euro area is facing an economic contraction of a magnitude and speed that are unprecedented in peacetime,” Lagarde said

    “The extent of the collapse in demand is such it means that the recent OBR forecast could be an underestimate unless there is a quite remarkable turnaround which, to be frank, just isn’t going to happen,” Make UK chief executive Stephen Phipson said.

    This was always going to happen. There’s nothing left for me to do but to watch my preparations play out.

    #58134

    Immunization with SARS Coronavirus Vaccines Leads to Pulmonary Immunopathology on Challenge with the SARS Virus. 20 April 2012 Chien-Te Tseng, etal.

    “These SARS-CoV vaccines all induced antibody and protection against infection with SARS-CoV. However, challenge of mice given any of the vaccines led to occurence of Th2-type immunopathology suggesting hypersensitivity to SARS-CoV components was induced. Caution in proceeding to application of a SARS-CoV vaccine in humans is indicated.”

    An introduction to immunology and immunopathology 12 sept 2018 Jean S. Marshall, etal.

    “The Th2 response is characterized by the release of cytokines..”

    I enjoyed reading the latter article. It was a good addition to my crash course in cellular biology.

    Now I have to wonder: Has there been a vaccine given in recent years that was “contaminated” with SARS (or worse, SARS 2)?
    We have been promised a common cold vaccine for ages, but the coronaviruses are pesky things. There is no vaccine for coronaviruses, and likely never will be. I would be highly suspicious of any vaccine offered for them.

    To poke a hole in my own hypothesis, South Korea’s flu vaccination rates for the elderly are the highest in the world (over 80%, followed by UK, US, New Zealand, and the Netherlands.)
    To plug that hole, the elderly in care homes get vaccines for pneumonia, herpes, shingles, tetanus, and probably more.
    I know there was a bum batch of tetanus vaccine a while back. I’ll return when I find it if it seems relevant.

    #58138
    sumac.carol
    Participant

    University of Toronto psychiatrist says it is possible our attempts to control covid, thru social isolation, will cause more deaths (thru suicide etc) than will be caused by c-19.
    https://ottawacitizen.com/opinion/finlay-so-far-canadas-answer-to-covid-19-mental-health-crisis-doesnt-measure-up

    #58139
    zerosum
    Participant

    my parents said know

    “the elderly in care homes get vaccines for pneumonia, herpes, shingles, tetanus, and probably more.”
    Don’t forget that the workers also get vaccinated.

    “… a bum batch “

    Going around the world faster than a speeding bullet

    #58140
    zerosum
    Participant

    sumac.carol

    Two bad choices
    suicide
    or
    living in a cardboard box

    Stories are told, that during the depression that people tried flying off tall building to escape their fate.

    #58142
    zerosum
    Participant

    Get out of jail card

    https://www.prisonpolicy.org/virus/virusresponse.html

    Responses to the COVID-19 pandemic
    Last update: May 01, 2020

    Jails in Winchester, Virginia, Duval County, Florida, Anderson County, Texas, and Maricopa County, Arizona have each dropped their detained populations by at least 20%. (See releases section.)
    Louisiana started to approve people for temporary medical release, so far only 53 people have been approved. In Virginia, 62 people nearing the end of their sentences have been released. (See releases section.)
    Only three states have not suspended medical co-pays for people in state prisons: Nevada, Hawaii, and Delaware. (See medical co-pays section.)
    Misleading news reports are suggesting that 4,000 people in Illinois have been released early since March 1. Readers should be aware that over 3,000 of those 4,000 had completed their sentences already, and most of those remaining were very close to their release dates.

    #58144

    From “Healthline” website: There are 7 coronaviruses that infect humans. 4 are the common cold, the other three are SARS, MERS, and SARS2. As the first article I cited uses the word “components” I would like to know if their lab mice were exposed to any other of the (then) six coronaviruses. BTW, the Healthline article also states that SARS and SARS2 have 79% in common.

    #58148
    WES
    Participant

    Carol:

    The psychologist does have a good point. Many others have come to the same conclusion too.

    In the long run, life does not stop, even for a virus.

    #58149
    WES
    Participant

    My parents said know:

    If SARS2 is only 79% the same as SARS, then SARS2 has had a gain of function of 21% in a rather short time frame. Not to mention HIV.

    Per Darwin things mutate slowly over time, but a 21% mutation in a few years seems to be a bit of a stretch without some outside help.

    #58150

    “We’re still learning about how #COVID19 affects animals, but it appears that people can spread the virus to animals in some situations. Until we know more, limit contact with pets if you are sick or feeling sick.”

    — CDC April 23, 2020 (and I got it from ZH)
    Pets can get infected, they say. But again- do they get sick? Does the CDC know how many people are going to want to waste a test on their pet now? What are they up to? Social distance from your little Sparksy? Your only comfort in your illness, as no one is allowed to visit you?
    Obviously no one at the CDC has an animal who loves them. Deal with a dog or cat or ferret, etc, without touching them?
    When it comes to pets, tread lightly, CDC. You’re almost beginning to appear sadistic.

    #58151
    zerosum
    Participant

    SOME VERY EDUCATED PEOPLE SURE KNOW HOW TO SHOOT THEMSELVES IN THE FOOT FOR A DOLLAR.

    https://www.zerohedge.com/markets/feds-probe-substantial-contractual-relations-between-university-texas-and-wuhan-biolab

    #58154

    WES- I am checking into what these 3 new coronaviruses have in common and what they share with the 4 original ones.

    #58157
    John Day
    Participant

    i left this laptop in Yoakum when I left last Sunday, and it was signed in, so I couldn’t sign in fram anything all week. I didn’t get mad and leave. I posted this yesterday, “President Kushner” and there are several stories about Jared, but this guy might be important to the direction thin gs take, and may portend the return of General Flynn.
    http://www.johndayblog.com/2020/04/president-kushner.html

    Matthew Pottinger is a former journalist and U.S. Marine Corps officer who has served as the United States Deputy National Security Advisor since September 22, 2019.
    Pottinger graduated from the University of Massachusetts Amherst with an undergraduate degree in Chinese studies; he is fluent in Mandarin.[6] …
    He covered a variety of topics, including the SARS epidemic and the 2004 Indian Ocean earthquake and tsunami; in the latter assignment, he met United States Marines and was inspired by their courageousness.[7][2] He spent seven years reporting in China.[8][9] While interviewing Chinese workers in Beijing about their claims of government corruption, Pottinger was attacked by a government thug.[2][7][10] …
    In September 2005 Pottinger joined the Marine Corps and served as a military intelligence officer.[2] …
    He served three deployments: one in Iraq from April to November 2007, and two in Afghanistan from November 2008 to May 2009 and July 2009 to May 2010.[11] On his second tour in Afghanistan, he met U.S. Army General Michael T. Flynn, with whom he co-wrote a report.[2][12] The report, published in January 2010 through the Center for a New American Security, was titled Fixing Intel: A Blueprint for Making Intelligence Relevant in Afghanistan.[13] After he left active service, Pottinger worked in New York City, including for the hedge fund Davidson Kempner Capital Management.[2] …
    In 2017, he was hired as a member of the U.S. National Security Council of the administration of Donald Trump.[15][16][17] Michael Flynn, whom Pottinger had worked for in the military, made him the NSC’s Asia director, and he remained in his position under H. R. McMaster and John R. Bolton. …
    https://en.wikipedia.org/wiki/Matthew_Pottinger

    I used the Wikipedia quotes above to give a snapshot of who Matthew Pottinger is. He is a Mandarin-speaking military spook who got paid off by some hedge fund work after he left military intelligence, then got hired by the NSC, where he has been thriving. His words are weapons, not his true opinions, so consider them as such.​ China punched him in the face.
    The White House’s Most Influential China Hawk Suspects COVID-19 Leaked From Wuhan Lab
    When asked who is responsible for the severity of the global coronavirus outbreak, Pottinger insists that China is to blame. Because by the time the US was receiving the first information about the virus from China in January, it was already likely too late​…​
    https://www.zerohedge.com/economics/white-houses-most-influential-china-hawk-suspects-coronavirus-leaked-wuhan-lab

    ​ Pottinger got his big promotion at the same time this program to look for coronavirus outbreaks in the world got shut down, last September, after the Ft Detrick Md. biowepons lab was closed for a breach of containment​ in August, but before Event 201 and the US military participation in the Wuhan games in mid October.
    China says coronavirus was introduced by US military participants at those October games in Wuhan. That is plausible, as is the Wuhan lab leak hypothesis.
    The Trump administration decided to end a $200m early warning program designed to alert it to potential pandemics just three months before it is believed Covid-19 began infecting people in China.
    The project, called Predict, had been run by the US Agency for International Development since 2009. It had identified more than 160 different coronaviruses that had the potential to develop into pandemics, including a virus that is considered the closest known relative to Covid-19.
    https://www.theguardian.com/world/2020/apr/03/trump-scrapped-pandemic-early-warning-program-system-before-coronavirus

    ​ The US agency that would have detected a new coronavirus in the world was shut down right after Ft. Detrick bioweapons lab was shut down for a breach of containment.
    If a coronavirus escaped into the US from Ft Detrick, the government would need to be careful not to discover that through another agency. Maybe they already noticed something.
    I remain very interested in the busy winter of flu-like illness in American hospitals, including a patient of mine who almost died around Thanksgiving of “coronavirus”, which was nothing special then, a bad cold.​
    There was a 3-4 week chest-cold going around. Jenny and I had it. So did another doctor I work with. If I can get antibody testing, I will.
    If it shows positive for SARS-CoV-2, then I will consider that to be confirmatory of the Ft. Detrick leak hypothesis.
    I’ll let’cha know either way.

    #58160
    ₿oogaloo
    Participant

    Antibody testing typically shows that infections are fifty times or more than the ‘official’ rate.

    anticlimactic, what is the source for this statement? The Stanford study? That one has already been debunked for poor statistical analysis and discredited for conflict of interest of its authors. Are there others? And how do you deal with New Zealand, Australia and Korea, which have controlled the spread? If the virus was as widespread as you suggest, there would be no way for those countries to contain it. Doesn’t that seem to suggest that the virus is not as widespread as some have hoped?

    it is possible our attempts to control covid, thru social isolation, will cause more deaths (thru suicide etc) than will be caused by c-19.

    Sumac, not to downplay the negative effects of social isolation, but I am not sure that the doctor was suggesting that social isolation would cause “more deaths” – rather, I think the message of the piece was that we cannot overlook the psychological aspects which can have more widespread and long-lasting effects. Which is certainly true. We cannot prioritize physical health at the expense of spiritual and emotional well being. But I did not take this as an argument to end the lockdowns. Did you?

    during the depression that people tried flying off tall building to escape their fate.

    zerosum, I think that was mostly the bankers. From what I have heard, many ordinary folk saw the depression as a mixed bag. Yes, more financial hardship. But also more free time to read books, go fishing and spend time with family (which depending on an individual’s circumstances may be a blessing or a curse). In some respects life improved during the depression. But that is heresy to the capitalist creed, and so that side of the story gets edited out of the history books. Before she passed away, I asked my grandmother, born in 1917, what life was like during the depression. She answered that she lived on a farm, and life went on pretty much just like it always had. Most Americans back then lived on farms. But to read the history books, you would think that the Depression was the worst thing imaginable, which it was to the Wall Street class.

    #58161
    FeCuZnAu
    Participant

    I have been an avid reader of the Automatic Earth since 2011.I have supported the channel by buying Nicoles exposes.
    I would say that by following the Primers, my family is in a good space.
    In regards to the comment by china re: Australia being chewing gum, only one response: DO NOT BUY OUR WHEAT
    DO NOT BUY OUR MEAT
    I will go to our local Port, and protest, as I am a dirty chewing gum wheat Farmer…

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