Category Archives: Business

The Only Thing Systematic Is The Destruction of America, by Jim Quinn

The Covid-19 response has enriched the usual suspects: the top .01 percent. From Jim Quinn at theburningplatform.com:

“It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” – Upton Sinclair

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Upton Sinclair was describing willful ignorance based upon who butters your bread. The rampant corruption of our society, as power has been consolidated into fewer and fewer hands, has resulted in our political, financial, cultural and economic systems being captured by a billionaire class who use their wealth to dictate the path we are forced to follow – or lose everything.

The sociopath class include the Silicon Valley social media titans, the billionaires running the six mainstream media companies, the rogue billionaires like Soros and Bloomberg who fund chaos and foment insurrection, the Deep State surveillance agency operatives like Clapper, Brennan, Comey and Mueller doing the bidding of the oligarchy, Wall Street criminals like Dimon, Paulson, and Blankfein doing god’s work, and last but certainly not least – Powell, Yellen, Bernanke and slimy Kashkari priming the pump for the never ending systematic pillaging of the nation’s wealth.

When you witness what passes for legislators at the Federal, State and Local levels, you must weep for our future. These pathetic excuses for leaders display none of the qualities a citizenry would want in those they have elected to manage our governmental affairs. They are bought off hacks, lacking any intellectual honesty, and selling their votes to the highest bidder. They lie, misinform, steal, and do the bidding of the monied interests who selected them because they are pliable dupes without an ounce of courage or forethought about the long-term best interests of the people they are supposed to be representing.

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The Virtue Market Waxing vs. the Car Market, Waning, by Eric Peters

GM is now permeated with nothing but the loftiest thoughts, but it’s not a very good car company anymore. From Eric Peters at ericpetersautos.com:

GM hardly makes cars anymore.

The entire colossus – which once made half of all the cars sold in the United States – now makes about 17 percent of them, all four of its divisions (Chevy, GMC, Cadillac and Buick) combined.

In 1970, Chevy sold more cars by itself than all of GM does today.

But GM’s market share of virtue is going up and up! Face Diapers and electric cars for which there is no market.

And now – along with Amazon, Goldman Sachs and other retailers of virtue – GM has agreed to publicly bean-count the racial/ethnic/sex-preference/biological sex and indeterminate sex of its employees as well as gerrymander its employee roster according to the same criteria.

It’ll be an Easter Egg Fest of “diversity” – with great attention paid to the color of the eggs, the number of each color and their placement in the carton.

Well, all but one color – and that one will get negative attention.

Overt racism and sexism, in other words, to “correct” assertions of the existence thereof. If there are more white male engineers than black female engineers, it is because the white male engineers were hired on the basis of their whiteness and maleness – not because they brought stronger resumes to the interview table.

Ipso facto.

And of a piece.

As with the Face Diapering – which presumes you are sick and treats you as if you are in fact sick absent the slightest evidence of sickness – it is presumed that any job held by someone who is male and white was obtained because of whiteness and maleness. In other words, that the white males who got the job aren’t best-qualified for them but just white and male – the fact of their being white and male being sufficient to indict and convict them upon this charge.

A corollary of this theorem is that having black skin or female genitalia or genitalia you’re unsure of or which vary according to how you feel about them are CV superlatives that trump engineering ability. If there are two candidates for a given job opening, what’s under the hood (so to speak) and the hue of the paint are determinative.

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What You Need To Know About the Act of 1986, by Joseph Mercola

Find out everything you can about the Act of 1986 before you let someone jab you with a coranavirus vaccine. From Joseph Mercola at lewrockwell.com:

In this interview, Dr. Andrew Wakefield discusses the documentary1 “1986: The Act,” which he produced. He also co-wrote and directed Del Bigtree’s film “Vaxxed,” which discloses the conspiracy within the U.S. Centers for Disease Control and Prevention to withhold information about vaccine harms.

Wakefield is now doing a tour promoting “1986: The Act,” which is the best documentary I’ve ever seen on this topic. It’s also one of two full-feature films included in the ticket price for the National Vaccine Information Center’s international public conference on vaccination,2 which will be held online October 16 through 18, 2020.

If you haven’t signed up for that event yet, I encourage you to do that now. If you want to watch the film now, it’s available online at 1986theact.com. A trailer is provided at the end of this article.

The Wakefield Controversy

Wakefield, as many of you know, has been a controversial character within the vaccine field. He’s been vilified like few others, to the point of losing his medical license — all because he, together with 12 other doctors, published a case paper suggesting there may be a possible association between measles-mumps-rubella (MMR) vaccine and development of autism in some children. In the interview, Wakefield gives his side of the story:

“I graduated in 1981 from Royal Free Hospital in London. I had trained as a surgeon and went into gastroenterology. My principal interests were inflammatory bowel disease, and I ended up running a large research team, about 19 of us at the Royal Free Hospital in London, which is part of the University of London.

I became interested in the possible viral origins of Crohn’s disease and ulcerative colitis, and that led me to looking at measles virus. After publishing a paper in The Lancet in 1995, I got a call from a mother who said her child was developing normally, then had his MMR vaccine and regressed into autism very, very quickly after [experiencing] what turned out to be encephalitis.

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Living Red Barchetta, by Eric Peters

To make electric cars more “competitive” in the marketplace, the government will just petroleum powered cars prohibitively expensive. From Eric Peters at ericpetersautos.com:

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California’s Gesundheitsguv Gavin Newsome just decreed what the rock band Rush foresaw coming back in 1981.

The Motor Law.

The song described a future time in which all cars were outlawed. Newsome just outlawed the sale of cars that aren’t electric by 2035, which is much closer to now than ’81 is the rearview.   

And which amounts to the same thing.

Newsome didn’t decree that people in California who do not buy electric cars will be forced to turn in their non-electric ones after 2035.

They probably won’t be forced to turn them in.

It’s much easier to tax them in.

As in China – the model for what the United States is becoming, courtesy of the China Virus, as the Orange Man styles it (while not doing enough to treat it – as by ending the Face Diaper Farce, by taking off the Face Diaper, especially around corpses secured inside coffins).

In China, you don’t have to buy an electric car. But you do have to buy a $14,000 license plate if you want to legally drive a non-electric car. This sum approximates the price difference between a low-end EV and low-end IC.

In the U.S., the analog would be the difference between the 2020 Nissan Leaf EV (appx. $30k) vs. the 2020 Nissan Versa IC (appx. $15k). A $14k license plate tax applied t the Versa would makes it equivalently expensive. And thus make the Leaf “competitive” – in the manner of breaking a marathon runner’s legs so that a paraplegic can be competitive with him in a foot race.

The license plate tax applied to not-new cars would cut deeper.

Imagine having to cough up $14k – or even $4k – to register your ten-year-old non-electric car that’s only worth $10k (or $4k). And worth even less, actually, because who will want to buy your used IC car knowing they’ll have to spend an additional 50 percent or even more to get a license plate for it?

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Inferno and the “Fourth Circle”. The American Empire and the 2020 Pandemic, by Dr. T. P. Wilkinson

Are oil, armaments, drugs, and the dollars the cornerstones of the American empire? From Dr. T. P. Wilkinson at globalresearch.ca:

In 1973, the world economy was brought almost to a halt by a supposed shortage of oil. The ostensible trigger for this alleged shortage was the so-called Yom Kippur War in which the armed forces of the Anglo-American Empire’s settler-colonial offshore enterprise in Palestine, also known as the State of Israel, repelled the forces of Egypt and Syria, which had moved to reoccupy the territory stolen from them by Israel in the 1967 Six Day War. One response to the Anglo-American Empire’s support of its client state against those states Israel wished to conquer was an oil embargo proclaimed by OPEC, with the largest producer– the autocratic Anglo-American protectorate Saudi Arabia at the lead.

Portrayed in the mainstream Western media as a sign of Arab economic strength– also as anti-Semitism in some quarters– the embargo led to massive economic disruption in all the countries that had to import oil, mainly Europe and its former colonies.

This embargo created the impression of a global oil shortage—which although there was none, could not be overcome without violating the power of the oil cartel. While the OPEC embargo formally restricted the sale of crude oil to Israel’s sponsors, there was no real oil shortage since oil supplies to Europe and the US have always been in the hands of the majors (now super-majors), then known as the “seven sisters”.[1] OPEC’s announcement of an embargo at the well had no impact on the enormous upstream reserves held by the mainly American majors. However it did provide the pretext for massive price increases at the pump– presented as shortage-induced.[2]

Unnoticed except in the aftermath and ignored generally in popular debate or historical literature was the far more insidious deal made secretly while everyone from Bonn to Boston and Lyon to Los Angeles was queuing for petrol or the dole. In 1971 Richard Nixon had announced that the US dollar would no longer be redeemable for gold– at any price. This decision had been largely induced by the enormous debt incurred funding the US war against Vietnam. In the course of this fateful decision, secret negotiations were undertaken with the Kingdom of Saudi Arabia, which led to an agreement that Saudi Arabia and OPEC would not sell oil in any currency except US dollars. The oil crisis pushed the price of oil to such heights that many countries in Europe and especially the newly independent countries, soon exhausted their foreign exchange reserves and were compelled to borrow US dollars to pay for oil imports. The result was a boom for the US regime, e.g. oil and banking– not its ordinary citizens– as the demand for US currency led to an inflow of foreign exchange and an overall improvement in its current accounts. Meanwhile the US Treasury could literally print dollars to buy oil– when the time was right.

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Commercial Real-Estate Fallout Even Douses the Queen of England, by Nick Corbishley

The commercial real estate market in the UK is in a bad way, perhaps even in worse shape than the market in the US. From Nick Corbishley at wolfstreet.com:

Crown Estates, which manages the Queen of England’s portfolio, recently wrote down the value of 17 shopping and leisure centers by 17%, cutting Her Majesty’s net worth by £552 million. As The Economist points out, this is “fairly small beer” set against the £13.4 billion valuation of the Queen’s property portfolio, which includes some of London’s toniest real estate.

But the Queen will not be left out of pocket, since her income — set at 25% of the profits generated by the Crown Estate — will be topped up with a taxpayer bailout. In fact, thanks to the Sovereign Grant Act of 2011, the overall amount given to the Queen each year in order to fund her official duties is never allowed to fall, regardless of what is happening in the broader economy.

“In the event of a reduction in the Crown Estate’s profits, the sovereign grant is set at the same level as the previous year,” a spokesperson told The Independent. “The revenue from the Crown Estate helps pay for our vital public services – over the last 10 years it has returned a total of £2.8 billion to the Exchequer.”

Any profits made by the Crown Estate are passed to the Treasury which, in turn, hands 25% of the profits back to the Queen through the sovereign grant. This year, things will be a little different. To cover the fall in value of the Crown’s Estate, the estate has struck an agreement with the Treasury that allows it to begin making “staggered” revenue payments to the government, thus keeping a larger share of the profits to itself.

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Digital Money Is Coming to America, by Bill Bonner

Inflationary regimes have often swapped the old, depreciated-to-next-to-nothing currency for a brand new, nominally revalued and reset currency that soon sinks to next to nothing. Right now the world’s inflationary regimes are scheming to replace currencies, especially that hard to track paper money, with digital, easy to monitor, currencies. From Bill Bonner at rogueeconomics.com:

Week 28 of the Quarantine

SAN MARTIN, ARGENTINA – For half a century, America’s greatest export has been the dollar. So much so that there are now more physical dollars outside the U.S. than in it.

Overseas, people use dollars as an alternative to their own money. Foreigners are more familiar with Ben Franklin than Americans. In many places, people cling to U.S. dollars like a drowning man to driftwood.

Here in Argentina, for example, inflation is already running at about 50% per year. People think it will get a lot worse. So they prepare by trading their pesos for dollars – now at a rate of 150-to-1.

Sinking Dollar

But what happens when the dollar sinks?

The question is premature. Almost naïve.

For the present, the dollar is as buoyant as an empty plastic bottle. The velocity of money – a key component of consumer price inflation – is actually going down.

Americans are happy to get dollars from the government. And foreigners are happy to get them any way they can.

But soon, everyone will see that the U.S. feds are acting like the people who run sh*thole countries. They stifle the economy with laws and regulations – shutdowns, moratoria on evictions, $1,200 checks for everyone – and try to finance it with printing-press money.

We have no superpowers here at the Diary. We cannot climb walls, fly through the air, or see through concrete walls. So we cannot tell you when or how the dollar fails.

But today, we will explore the question of what you should do about it.

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The Making of a Market, by Eric Peters

Where does a state governor get the power to wave a wand and decree that by 2035, there will be no gas powered cars on the roads? From Eric Peters at ericpetersautos.com:

Well, the other shoes has dropped. We now know how a “market” for electric cars will be created.

It will be done by outlawing the market for cars that aren’t electric.

Having trouble selling Tab?

Forbid the sale of Coke and Pepsi!

California Governor (and Gesundheitsfuhrer) Gavin Newsome has simply decreed – via “executive order” – that anything that isn’t “zero emissions” (at the tailpipe) must be “phased out” by 2035. This means only electric cars since they are the only vehicles considered to be “zero “emissions” by the regs – no matter their elsewhere emissions – including the substantial carbon dioxide “emissions” produced by the utility plants that generate the electricity they run on.

Which there will be more of when the only cars permitted on California roads are electric. But never mind. It feels good – to the Gesundheitsguv – like the wearing of any old rag to “stop the spread” of a virus you haven’t got.

The effects will also be felt a lot sooner than fifteen years from now.

And not just in California, either.

The car companies are going to stop putting R&D money toward cars they can’t sell in California – the biggest market for cars in the country – and toward the ones they’ll be forced to sell.  

In other states, too. Because it’s likely at least some will follow California’s lead – having their own Gesundheitsguvs in charge.

Development of new non-electric cars nationally will stagnate.

The ones that remain in production will sell for more, to offset the costs of developing electric cars. The more states that force-electrify, the more expensive the non-electric car will become – until the goal is achieved of making the non-electric car at least as expensive as electric cars.

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David Stockman on the Economy’s Role in The Upcoming Presidential Election

Will the economy continue to float on a sea of debt through the election? Probably. From David Stockman at internationalman.com:

Presidential Election

International Man: Bill Clinton’s infamous phrase during the 1992 presidential election was “It’s the economy, stupid.” How important of a role do you think the economy and a continued rally in the stock market will play in the outcome of the presidential election?

David Stockman: Well, in the befuddled mind of Donald Trump, probably a considerable role as manifest in his campaign oratory. And since there are less than 50 days left, he might get away with his groundless boasting. That is, we seriously doubt that the great reckoning will commence before November 3, meaning that he will keep peddling the “but for COVID” canard, claiming that, before that, he single-handedly created the Greatest Economy Ever.

Actually, it’s the greatest BS story ever told. It rests on the utterly misleading circumstance that the Donald entered office in month #90 of what became the longest business cycle expansion in history (at 128 months in February).

Consequently, his “record” was artificially flattered by the low U-3 unemployment rates (3.5%) that naturally occur during the last 38 months of the cycle as the inventory of unused labor is finally exhausted. Of course, that’s also exactly what occurred during the final months of the 118-month expansion of the 1990s and the 106-month expansion of the 1960s, when Democrats happened to be incumbent in the Oval Office.

But when measured by something relevant, such as the average real GDP growth rate during his tenure, it turns out that the Donald’s cherished “score” is the very worst among all the presidential terms since 1948.

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Dark Years and Fourth Turning, by Egon von Greyerz

Hard times are here. From Egon von Greyerz  at goldswitzerland.com:

In an ephemeral world, few things survive. I am not talking about species or human beings whose existence on earth is also transitory. Instead I am referring to social and financial systems which are now coming to an end.

In July 2009 I wrote an article called The Dark Years Are Here. It was reprinted again in September 2018.

Here is an extract from my original article:

“The Dark Years will be extremely severe for most countries both financially and socially. In many countries in the Western world there will be a severe depression and it will be the end of the welfare state. Most private and state pension schemes are also likely to collapse. It will be a worldwide depression but some countries may only have a deep recession. There will be famine, homelessness and misery resulting in social as well as political unrest. Different type of government leaders and regimes are likely to result from this.
How long will the Dark Years last? There is a book called ”The Fourth Turning” written by Neil Howe. He has identified a pattern that repeats itself every 80 years. The pattern has been extremely accurate in the Anglophile world. We have recently entered the Fourth Turning which is the final 20 years of the cycle. According to Howe we are in the early stages of a 20 year period of economic and institutional upheaval. This is a period of Crisis when the fabric of society will change dramatically. Previous Fourth Turnings have been the American Revolution, Great Depression and World War II. According to Howe the Crisis will be substantially worse before it is over and it will last for another circa 20 years.
All of this is not good news and we hope that we and Howe are wrong regarding the severity and length of this crisis. But we fear that we are both right. We must stress again that never previously has the whole world entered a downturn simultaneously in such a fragile state both financially and economically which is why the Dark Years are likely to be so devastating and long lasting.”

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