Category Archives: Business

Just One Button! By Eric Peters

My next car is a Toyota Supra. From Eric Peters at ericpetersautos.com:

There is one button every new car ought to have – to turn off every saaaaaaaaaaaaaafety “technology” in the car, all at once.

No more having to find a button – for each of these various “technologies,” whether it’s Lane Keep Assist, Brake Assist, Back-up Assist or (the very latest) Speed Limit Assist.

And on account of all this “assistance,” spend far too much time and effort dealing with these “technologies” you probably didn’t want added to the car in the first place, but which car-makers are obliged to install in the cars they build because the government has “mandated” them and because of the virtue-signaling pressure to tout them and include them as standard equipment.

You will probably have seen the ads – irrespective of make – that spend most of the ad describing how “safe” the car is on account of the roster of “technology” it has. The estrogenated car press is even worse because more unctuous. It will chide any car-maker that does not equip a given vehicle with all of the very latest, most “advanced” of these “assistance technologies.”

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The Return of Industrial Warfare, by Alex Vershinin

If you or your proxy is going to fight a war, somebody has to provide all those bullets, bombs, etc. From Alex Vershinin at rusi.org:

bublik_polina / Adobe Stock

Can the West still provide the arsenal of democracy?

The war in Ukraine has proven that the age of industrial warfare is still here. The massive consumption of equipment, vehicles and ammunition requires a large-scale industrial base for resupply – quantity still has a quality of its own. The mass scale combat has pitted 250,000 Ukrainian soldiers, together with 450,000 recently mobilised citizen soldiers against about 200,000 Russian and separatist troops. The effort to arm, feed and supply these armies is a monumental task. Ammunition resupply is particularly onerous. For Ukraine, compounding this task are Russian deep fires capabilities, which target Ukrainian military industry and transportation networks throughout the depth of the country. The Russian army has also suffered from Ukrainian cross-border attacks and acts of sabotage, but at a smaller scale. The rate of ammunition and equipment consumption in Ukraine can only be sustained by a large-scale industrial base.

This reality should be a concrete warning to Western countries, who have scaled down military industrial capacity and sacrificed scale and effectiveness for efficiency. This strategy relies on flawed assumptions about the future of war, and has been influenced by both the bureaucratic culture in Western governments and the legacy of low-intensity conflicts. Currently, the West may not have the industrial capacity to fight a large-scale war. If the US government is planning to once again become the arsenal of democracy, then the existing capabilities of the US military-industrial base and the core assumptions that have driven its development need to be re-examined.

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When Believing the Health Authorities Requires Denying Obvious Realities, by Thorsteinn Siglaugsson

Belief in the face of mountainous evidence to the contrary is the hallmark of a cult. From Thorsteinn Siglaugsson at brownstone.org:

Believing the Health Authorities Requires Denying Obvious Realities

This weekend The Daily Sceptic published two articles reviewing some studies purported to show Covid-19 vaccines are useful for countering so-called long-covid, lingering symptoms after Covid infection. The conclusion of the author, who is an ex-senior scientist with the UK government, is that the vaccinations do not in fact prevent those symptoms.

In addition one of the studies he quotes shows a great increase in health-related problems resulting from vaccination, which the authors seem to have tried to bury.

The interesting thing here is how we have, over the course of 18 months, moved from eagerly awaiting vaccines that would eradicate Covid-19 by providing herd immunity, towards failed attempts at showing that at least those vaccines prevent long-term health issues among those who catch the disease and fall ill with it, the disease they wouldn’t have caught, let alone fallen ill with, had the vaccines worked as promised.

At the same time, more and more data from all over the world show how the vaccine rollout is in fact correlated with a large spike in excess mortality. The only hope seems to be the adenovirus vaccines, the use of which was discontinued in most countries in favour of the mRNA vaccines. That may have been a premature decision, as contrary to the mRNA vaccines, they seem to lower excess mortality.

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The Global Power Shift Isn’t West to East–It’s Not That Simple, by Charles Hugh Smith

The power shift is going to be from those who borrow or beg to those who produce. From Charles Hugh Smith at oftwominds.com:

The mercantilist dependence on exports for growth, a winner for the past 70 years, has reached diminishing returns. Rather than be a source of growth, it’s a source of stagnation.

Conventional wisdom holds that geopolitical power is inevitably shifting from West to East. It isn’t quite this simple. The real shift is occurring between three sources of power that are not so neatly geographic:

1. The commodity exporters

2. The mercantilist exporters of products

3. The consumer-importing nations

Gordon Long and I tease apart the many dynamics in this complex power shift in Tectonic Shift of Mercantilism Revalued (42 min). There are three starting points: neocolonialism, mercantilism and importer by choice.

In classic colonialism, the colonial power expropriated commodities by force. The invaders took control of commodity-producing nations via military force and then oversaw the extraction of low-cost raw materials to provide the home markets with cheap materials to feed the colonial power’s valued-added manufacturing. The manufactured goods were then sold in the captured markets of the colonial states.

In what I call the Neocolonial Model, the control mechanism isn’t military force, it’s financialization and globalization. The Neocolonial Power extends cheap credit to the commodity exporting nation, and the state and its citizens gorge on this heretofore unavailable banquet of debt. Soon the state and its enterprises are creaking under unsustainable debt loads, and the Neocolonial Power swaps assets for debt, buying up the most valuable resources on the cheap or extracting the wealth via interest payments and refinancing.

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The European Union Is Again Close To A Meltdown, by Bruce Wilds

Europe is looking at an ugly combination of rising prices, a faltering euro, contracting economies, and they’re taking their biggest supplier of energy off-line. From Bruce Wilds at brucewilds.blogspot.com:

The Ukraine conflict is taking a toll on the Euro-zone and it could result in finally pushing it over the edge. Everything flowing from Russia’s incursion poses a big negative for the region which is already struggling. When you couple soaring energy prices with stagnate growth and a growing trade balance with China you have the recipe for disaster. This is also apparent on the inflation front.

According to Reuters, the Euro-zone inflation rate surged to yet another record high in May. Inflation accelerated to 8.1% in May from 7.4% in April. A big part of the problem is that  it is no longer just energy pulling up the headline figure. Looking past the headline figure, we find excluding food and energy prices, inflation rose to 4.4% year-on-year from 3.9%. This puts pressure on the European Central Bank to increase rates further. The timing of such a move is horrible in that Europe’s dust-up with Russia has brought to the forefront just how weak Europe is.

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Pfizer, Moderna COVID Vaccines May Increase Risk of Infection, Study Shows, by Megan Redshaw

So, you’re likely to Covid if you have had a Pfizer or Moderna vaccine than if you haven’t. Quite an endorsement for those vaccines. From Megan Redshaw at childrenshealthdefense.org:

A peer-reviewed study in the New England Journal of Medicine shows two doses of an mRNA COVID-19 vaccine yield negative protection against symptomatic SARS-CoV-2 infection, while previous infection without vaccination offers about 50% immunity.

A new peer-reviewed study shows two doses of an mRNA COVID-19 vaccine yield negative protection against symptomatic SARS-CoV-2 infection, while previous infection without vaccination offers about 50% immunity.

The findings, published June 15 in the New England Journal of Medicine (NEJM) analyzed information from more than 100,000 Omicron-infected and non-infected residents in Qatar from Dec. 23, 2021, through Feb. 21, 2022.

The authors compared the effectiveness of the Pfizer and Moderna COVID-19 vaccines, natural immunity from previous infection with other variants and hybrid immunity (a combination of infection and vaccination) against symptomatic Omicron infection and severe, critical and fatal disease.

Researchers found those who had a prior infection but had not been vaccinated had 46.1% and 50% immunity against the BA.1 and BA.2 Omicron subvariants more than 300 days after the previous infection.

However, individuals who received two doses of the Pfizer and Moderna vaccines, but had not been previously infected, had negative immunity against the BA.1 and BA.2 Omicron subvariants — indicating an increased risk of infection compared to someone without prior infection and vaccination.

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David Stockman on Why the Great Reckoning Has Begun

The Federal Reserve has suppressed interest rates for decades, such that the economy can only function on what are historically very low rates. Now inflation is raging and interest rates are spiking. The Great Reckoning has arrived. From David Stockman at internationalman.com:

Well, that should have been a wake-up call. The 30-year mortgage rate soared by 24 basis points recently to 6.18%. So the latter now stands at well more than double the 2.65% rate which prevailed just 18 months ago in January 2021, and at the highest level since the tail end of the Great Financial Crisis in 2009.

In a word, the Fed’s fake economy based on ridiculously unsustainable ultra-low interest rates is coming to a thundering end. And far more abruptly and violently than the Fed and its Wall Street megaphones ever remotely imagined.

Not surprisingly, the eruption of the mortgage rate depicted above has sent housing “affordability” into the drink. In fact, housing affordability is now at the lowest point on record going back to the late 1980s.

Needless to say, household budgets are about to get hammered and the housing market is fixing to experience another great implosion. It would actually take a 30% drop in average home prices to reverse the affordability plunge just since the pre-Covid levels.

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When the Wicked Try to Flee, by James Howard Kunstler

It will be up to the unvaccinated who thought for themselves to restore some sanity to the world, and also to exact retribution from those responsible for the Covid and Covid-vaccine travesties. From James Howard Kunstler at kunstler.com:

So, they press on now with shots for little children that are certain to harm the kids’ immune systems and produce an array of consequent serious disorders ranging from hepatitis to myocarditis to sterility to brain damage…

You may be wondering these days if our country can get any crazier. The FDA and the CDC seem bent on killing and maiming as many Americans as possible. Proof (not just evidence, you understand) abounds that Pfizer and Moderna mRNA “vaccines” don’t work and are grossly unsafe. If the people who run these agencies don’t know that, then there has never been a lazier, less competent, worse-informed executive crew running anything in the history of Western Civ.

So, they press on now with shots for little children that are certain to harm the kids’ immune systems and produce an array of consequent serious disorders ranging from hepatitis to myocarditis to sterility to brain damage. You’d think that if mere rumors of these things reached their ears and eyeballs, these executives would at least pause their injection program to investigate. There is really no analog in history for authorities who act this blindly homicidal.

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Concurrent Deflation and Hyperinflation will Ravage the World, by Egon von Greyerz

FLATION is the suffix for the various phenomena that occur in fiat-debt systems. From Egon von Greyerz at goldswitzerland.com:

FLATION will be the keyword in coming years. The world will simultaneously experience inFLATION, deFLATION, stagFLATION and eventually hyperinFLATION.

I have forecasted these FLATIONARY events, which will hit the world in several articles in the past. Here is a link to an article from 2016.

With most asset classes falling rapidly, the world is now approaching calamities of a proportion not seen before in history. So far in 2022, we have seen an implosion of asset prices across the board of around 20%. What few investors realise is that this is the mere beginning. Before this bear market is over, the world will see 75-90% falls of stocks, bonds and other assets.

Since falls of this magnitude have not been seen for more than three generations, the shockwaves will be calamitous.

At the same time as bubble assets deflate, prices of goods and services have started an inflationary cycle of a magnitude that the world as whole has never experienced before.

We have seen hyperinflation in individual countries previously but never on a global scale.

Currently the official inflation rate is around 8% in the US and Europe. But for the average consumer in the West, prices are rising by at least 25% on average for their everyday needs such as food and fuel.

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Most Journalists are Scientifically Unqualified, by R.W. Malone, MD, MS

The consequences of journalists writing about scientific matters when they don’t have the intelligence or the training to evaluate the science have been incalculably disastrous. From R.W. Malone, MD, MS at rwmalonemd.substack.com:

Why does anyone rely on reporters to interpret scientific articles?

 

Why does anyone rely on reporters to interpret scientific articles?  They lack the necessary training, experience and competence to interpret scientific publications and data, a skill which typically requires decades to master. 

With few exceptions, corporatized media are not able to comprehend the complexities and ambiguities inherent in scientific discussions, and so repeatedly fall back on the interpretations provided by those who are marketed as fair and accurate arbiters of truth – the US Government, the World Health Organization, the World Economic Forum, and various non-governmental organizations who have an interest in promoting vaccines (Gates’ Foundation, GAVI, CEPI etc.) or other scientific agendas.  But these organizations have political and financial objectives of their own, and in the case of the CDC, have clearly become politicized as previously discussed. When combined with the increasing prevalence of “advocacy journalism” (which has been actively promoted and funded by the Bill and Melinda Gates Foundation), the result has been that the corporate media have become willing vehicles for distribution of biased interpretations promoted by authority figures presented to the public as credible sources, but who actually practice the pseudo-priesthood of Scientism masquerading as science.  As a consequence, corporate legacy media have largely become distributors and enforcers of government-approved (and composed) narratives and articles rather than objective and impartial investigators and arbiters of truth. This is particularly true of the perverse branch of scientific journalism which has ascended to prominence during the COVIDcrisis, the factchecker organizations (some of which are sponsored by Thompson-Reuters).  But how does this propaganda ecosystem work, and what can be done about it?

To a large extent science and scientists are granted an exalted position in western society due to an implied social contract.  Western governments provide them support and society grants elevated social status in exchange for valuable services.  These services include performing their trade (doing “science”) and teaching others both their craft and findings. Government subsidized (non-corporate) scientists and science are trained and funded by citizens (through their taxes) to practice their craft objectively in a variety of technical domains including medicine and public health on behalf of the citizenry.  This arrangement stands in contrast to corporate-funded scientists, who work to advance the interests of their employers, but who have often also been trained at taxpayers expense.

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