Category Archives: Business

Here’s Why You Should Skip the Covid Vaccine, by Mike Whitney

Let the people pushing the vaccines and their dupes be the first in line. Mike Whitney has a bunch of good reasons why you may not want to be in that line at all. From Whitney at unz.com:

Chris Gash/New York Times
Chris Gash/New York Times

“The world has bet the farm on vaccines as the solution to the pandemic, but the trials are not focused on answering the questions many might assume they are.”
Peter Doshi, associate editor of the British Medical Journal and assistant professor of pharmaceutical health services research at the University of Maryland School of Pharmacy

“The difference between genius and stupidity is that genius has its limits.”
Albert Einstein

The new Covid vaccines will make billions of dollars for the big pharmaceutical companies, but here’s what they won’t do:

  1. The vaccines will not cure Covid
  2. The vaccines will not prevent people from contracting Covid
  3. The vaccines will not prevent Covid-related hospitalizations
  4. The vaccines will not prevent Covid-caused deaths

Now, I know what you’re thinking. You’re thinking, “If the vaccine does not protect me from getting Covid (or dying from Covid), then why should I take it?”

And the answer is: “You shouldn’t. It makes no sense at all, especially in view of the fact that new vaccines pose considerable risks to one’s health and well-being.

“Risks,” you say? “No one said anything about risks. I thought this wonderful new Covid cure was entirely risk-free; just take the jab and– Presto– life goes back to normal.”

Wrong. There are risks, significant risks that the media and the medical establishment have papered-over with their ridiculous Happy Talk about “miracle” vaccines. But all of this is just public relations hype designed to hoodwink people into injecting themselves with a dubious substance that does NOT do what it’s supposed to do, and which DOES pose serious long-term risks to one’s health.

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NYC Pub Declares Itself “Autonomous Zone” After Government Tries To Shut It Down, by Tyler Durden

People, especially small business owners, are reaching the end of their ropes. From Tyler Durden at zerohedge.com:

In what is a hilarious bit of irony for Democrat politicians in New York, a pub that had its liquor license yanked due to Covid rules has now declared itself an “Autonomous Zone” and is continuing to do business.

The bar, called Mac’s Public House in Staten Island, said publicly: “We refuse to abide by any rules and regulations put forth by the Mayor of NYC and Governor of NY State.”

They also painted “AUTONOMOUS ZONE” on the sidewalk outside the bar and put signs in the windows claiming “As of November 20, 2020, we hereby declare this establishment an AUTONOMOUS ZONE”.

Source: NY Post

The pub had its liquor license revoked by the state and was slapped with thousands of dollars in fines after defying New York’s latest move to “orange zone status” (whatever that means) thanks to the very huge brain of “Emmy nominated” Governor Andrew Cuomo.

Co-owner Danny Presti told The Post: “At this point, we’re OK with it, because we’re not paying it. [The Sheriff’s Department] is issuing us $1,000 fines, so they keep coming back. We’re still here. We’re not letting them in.”

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The Sisyphean Folly of Printing Press Money, by MN Gordon

Central bankers believe that every economic ill can be cured with their fiat debt instruments, and if the ill isn’t cured, throw more fiat debt at it. From MN Gordon at economicprism.com:

Something remarkable happened on Tuesday.  The Dow Jones Industrial Average (DJIA) broke the 30,000 point barrier for the first time ever.  President Trump commemorated the feat by calling the number “sacred.”

Some Americans were especially grateful as they said their Thanksgiving Day grace.  These generally include wealthy owners of stocks and other financial assets.  Forty years of inflationary monetary policies have elevated their prosperity to holiness.

The remaining Americans, through no fault of their own, missed out on these sanctified blessings.  Perhaps they’ll get some leftover table scraps for Christmas.  These, indeed, are the questions being asked.

Will Washington make this a Merry Christmas for cash strapped Americans?  Will the Treasury send out a second round of $1,200 stimulus checks for the yuletide?  Will Congress be Ebenezer Scrooge or Mr. Fezziwig?

These are important questions as 2020 approaches its twilight.  And this is the season of giving.  After months of rolling lockdowns ordered by state and local governments Americans need relief.  Moreover, they must first receive from Uncle Sam so they can give to their fellow kindreds.

This was a recent finding of a Franklin Templeton-Gallup survey.  Specifically, the survey found that 16 percent of Americans plan to spend more on holiday gifts this year.  But with another $1,200 stimulus check, 22 percent of Americans say they will spend more this holiday season.

Somehow, Christmas spending has become dependent on government stimulus checks.  But, remember, government stimulus is dependent on printing press money.  And printing press money is dependent on the dollar retaining some semblance of value.

Thus, herein lies the sacred folly.  The more that printing press money’s emitted, the more value the dollar loses.  We’ll have more on what this means for you and your wealth in just a moment.  But first some context…

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Global Inflation watch, by Alasdair Macleod

Currency debasement is inflation, and governments and central banks are debasing their currencies with abandon. From Alasdair Macleod at goldmoney.com:

his article posits that fiat currencies are on the path to hyperinflation and looks at the evidence in the prices of financial assets and commodities. So far, gold has notably underperformed, which indicates that the early signals of hyperinflation are confined to the cryptocurrencies, whose participants broadly understand fiat debasement, to equities reflecting the desire not to maintain cash and deposit balances, and in international trade, where commodity prices of all stripes have risen in price.

Given that the early warnings of hyperinflation of money supply are here, the article then looks at the qualities required of a sound money to replace fiat currencies.

Introduction

Figure 1 shows how prices have moved from the Friday before the Fed’s announcement on 23 March that it would go all-in on its support for the US economy with unlimited quantitative easing. It amounted to a commitment to hyperinflate the money supply if needed. Before the Fed cut its funds rate to zero on 16 March nearly all these prices were falling.


Screen Shot 2020 11 27 at 7.04.52 AM
Since late-March every category has seen increases in prices. Sector and specialist analysts will always claim that there are identifiable reasons why prices for an individual category or commodity have risen. But the fact is that with the exception of the dollar and the other fiat currencies listed in the table all prices have risen. This cannot happen without the dollar and these currencies losing purchasing power.

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Zero Point: Our 4th Industrial Revolution Against Their Great Reset

Industrial and technological innovation is driven by entrepreneurs and businesses, not governments. From Joaquin Flores at strategic-culture.org:

Genesis 1:26 – And God said, Let us make man in our image, after our likeness: and let them have dominion over the fish of the sea, and over the fowl of the air, and over the cattle, and over all the earth, and over every creeping thing that creepeth upon the earth.

Humanity is on the precipice of a new dark age, a long dark winter. It is one in which the technologies once developed to liberate humanity from toil, have developed further into a seemingly insurmountable techno-industrial leviathan. This is one based upon misanthropy, slavery, and human eradication. Called the Great Reset, it is being put forth by the same as those speaking of this 4th Industrial Revolution.

But there is another 4th Industrial Revolution which is on the horizon, one which places mankind at the helm of liberatory technologies like the internet of things (IoT) and 3D printing.

Hence, what is being termed the 4IR is in fact about subverting the actual 4IR towards the interests of the financialists whose old method of control (finance) is dwindling.

In this piece, we will attempt to shed light on two very altering visions of a 4th Industrial Revolution. One of prosperity and individual human freedom as well as social liberty, versus one of repression and a new technocratic police state.

 “The real 4th Industrial Revolution is about micro-production and each household, in its garage, owning its own means of production. That is the real promise of the internet of things and 3D printing. It is not about furthering globalization or the mass societies of scale towards an ever-larger pyramidically shaped control paradigm.”

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Saudi Aramco’s Landmark IPO Is Costing The Kingdom Billions, by Simon Watkins

An IPO is supposed to leave you flush with cash, not put you deeper in the hole. From Simon Watkins at oilprice.com:

The initial public offering (IPO) of Saudi Aramco that was heralded by Crown Prince Mohammed bin Salman (MbS) as being a showcase flotation for raising massive new capital for the Kingdom and anchoring a major expansion of its international equities market presence has proven only to put Aramco into a debt spiral and highlighted a myriad of problems in Saudi Arabia to international investors. Now, Aramco is digging itself further into serious debt through bond issuances simply to pay for the huge dividend payments promised by MbS that were absolutely required to persuade anyone to buy into the omni-toxic IPO. At this rate, the debt taken on by Aramco and other Saudi bond offerings to pay for the dividends will be far more than the amount of money raised in the IPO. As a direct result of MbS deciding to go ahead with yet another oil price war at the same time as the COVID-19 pandemic was gathering pace and destroying demand for oil, Aramco’s finances have suffered a massive hit. For the first half of this year, the company saw a 50 percent plunge in net profit and at the beginning of this month, it reported another massive drop in profits of 44.6 percent for the third quarter, falling to SAR44.21 billion (US$11.79 billion) from SAR79.84 billion in the same period last year. On the other side of the balance sheet, though, is the stark fact that because the company’s IPO was so toxic on so many levels that it was shunned by Western investors and had to be off-loaded to buyers who were either bullied or bribed into buying the stock Aramco is left having to pay massive guaranteed dividend payments for the foreseeable future to those shareholders.

This huge guaranteed dividend payment of US$18.75 billion per quarter – US$75 billion for a full year – will have to be paid for through budget cuts over and above the US$15 billion in Aramco’s annual capital spending alluded to by Aramco’s chief executive officer, Amin Nasser, just after the first half profits figures were unveiled. This will take the total down from around US$40 billion to around US$25 billion. Further reports have stated that even this US$25 billion figure is set to be reduced by another US$5 billion, taking the total capital spending in this year from US$25 billion to US$20 billion.

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A warning from the future: The US may soon look like New Mexico, by Larry Behrens

Take it from a New Mexico resident, you don’t want the US to look like New Mexico. From Larry Behrens at washingtonexaminer.com:

If you don’t believe that the United States can become very radical, very quickly under a Biden administration, you haven’t been paying attention to New Mexico.

I know what you’re thinking: When it comes to radical liberal policies, California is the gold standard. Yet, for the past two years, New Mexico has embarked on an unfortunate mission to become just like California, but faster. The disastrous results speak for themselves.

New Mexico’s governor is Michelle Lujan Grisham, a radical liberal and strong supporter of President-elect Joe Biden. When she entered office in January 2019, she was handed a budget surplus of $1.4 billion, attributable in large part to the state’s oil and gas workers. Her response to this windfall was to give away hundreds of millions of dollars to Hollywood, align herself with radical environmentalists to pass her own version of the “Green New Deal,” and, of course, give her own administration a raise.

Today, New Mexico suffers the eighth-highest unemployment rate in the nation. Our state also ranks in the top half of the most restrictive COVID-19 lockdowns. For a sense of how desperate New Mexicans are becoming under these restrictions, look no further than a fourth grade student who was forced to sit outside the walls of his locked school just to get access to Wi-Fi in order to participate in class.

What about that massive budget surplus that Lujan Grisham inherited? Gone. Last June, legislators were forced to go into a special session to fix the budget she had signed just a few months earlier. And it gets worse.

Just this week, the governor’s administration delivered budget proposals for next year that include cuts to state funds for investigating senior citizen abuse but increases so that state workers can drive more electric vehicles — appeasing radical environmentalists and donors at the expense of vulnerable grandparents’ well-being.

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World Coming Soon From Joe and Kamala: Hooray for the Revolution! by Philip Giraldi

A Biden/Harris presidency will further constrict freedom in the US and around the world. From Philip Giraldi at strategic-culture.org:

There is something quite scary about the way leading Democrats have persistently wrapped their attempts to control the American people in platitudes and self-righteous drivel. Joe Biden and Kamala Harris, who are currently pulling their team together, are no different than the Clintons and Obamas who preceded them and are already on course to establish conformity by diminishing the fundamental rights that have been hitherto enjoyed by the American people.

The current war being waged against the United States and its constitution hinges on the expressed desire to extirpate “white supremacy” aka “white privilege” aka “systemic racism.” It is a convenient campaign slogan as it immediately creates guilt and apprehension in those white people who are foolish enough to believe it. It also is a vague enough term that it becomes possible to wrap a lot of other issues into it, like gun control, destruction of traditional education, reparations and affirmative action, and even de-policing urban areas. As minorities allegedly suffer disproportionately from coronavirus it might even be expanded to include mandatory national lockdowns every time a pandemic appears, as Biden has suggested in the past.

We are already seeing how some crimes are no longer crimes if they are committed by sanctimonious social justice warriors. Prosecutors in a number of states are dismissing charges against rioters because they have “concluded the protesters were exercising their basic civil rights.” It is generally being claimed that prosecutions continue for the “real” crimes of arson, looting and destruction of public property, but at least one liberal California District Attorney will not charge anyone who maintains that he or she was doing what they did to combat racism or feed their families. She calls it considering the “needs” of the looters. The looted shops that will as a result go out of business and whose employees become unemployed evidently have no “needs.”

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The Great Pretext…for Dystopia, by Diana Johnstone

If a reset of the entire globe managed by the Davos crowd doesn’t sound like you’re vision of utopia or heaven on earth, you’re not alone. From Diana Johnstone at unz.com:

In their World Economic Forum treatise Covid-19: The Great Reset, economists Klaus Schwab and Thierry Malleret bring us the voice of would-be Global Governance.

Viewing the virtual-reality film “Collisions” at a session of the World Economic Forum in Davos, Switzerland, January 2016. (World Economic Forum, Flickr, CC BY-NC-SA 2.0)

By titling their recently published World Economic Forum treatise Covid-19: The Great Reset, the authors link the pandemic to their futuristic proposals in ways bound to be met with a chorus of “Aha!”s. In the current atmosphere of confusion and distrust, the glee with which economists Klaus Schwab and Thierry Malleret greet the pandemic as harbinger of their proposed socioeconomic upheaval suggests that if Covid-19 hadn’t come along by accident, they would have created it (had they been able).

In fact, World Economic Forum founder Schwab was already energetically hyping the Great Reset, using climate change as the triggering crisis, before the latest coronavirus outbreak provided him with an even more immediate pretext for touting his plans to remake the world.

The authors start right in by proclaiming that “the world as we knew it in the early months of 2020 is no more,” that radical changes will shape a “new normal.” We ourselves will be transformed. “Many of our beliefs and assumptions about what the world could or should look like will be shattered in the process.”

Throughout the book, the authors seem to gloat over the presumed effects of widespread “fear” of the virus, which is supposed to condition people to desire the radical changes they envisage. They employ technocratic psychobabble to announce that the pandemic is already transforming the human mentality to conform to the new reality they consider inevitable.

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Here Comes the New Recession, by James Rickard

The second round of lockdowns will kill the economy. From James Rickard at dailyreckoning.com:

Let’s start with the basics. There’s no evidence that lockdowns work to stop the spread of coronavirus. None. This is not guesswork.

After ten months of the pandemic, we have data from more than twenty major countries around the world that have tried lockdowns in various forms. The lockdowns range from extreme (as happened in Victoria in Australia) to moderate (Sweden) to non-existent (South Dakota).

The results are striking. There was no material difference in caseloads or fatality rates regardless of what kind of lockdown was used. In some cases, an extreme lockdown reduced the spread for a short period of time. But, sooner than later, the virus returned. Lockdowns may briefly shift the caseload from one time period to another, but they do not change the total caseload over time.

Meanwhile, lockdowns kill. The lack of socialization during a lockdown leads to drastically increased rates of suicide, drug abuse, alcohol abuse, domestic violence and other deadly behaviors. Families are being separated (at best) or torn apart (at worst) due to the separation and stress of lockdowns.

Many people with other diseases such as cancer and heart disease avoid treatment for fear of contagion in hospitals and end up dying as a result. There’s nothing wrong with simple precautions such as hand-washing, social distancing and mask-wearing, although there’s good evidence that masks don’t work either. But, those steps are low cost, and people easily adapt to them.

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