Is the coronavirus meant to cover the rape of the financial system and the economy? From the Bionic Mosquito at lewrockwell.com:
What if you knew that markets were going to burst, an inevitable outcome of the funny money and credit created, especially since 2008–09 but also before then? What if this bursting was going to create a calamity both on Wall Street and Main Street? What if you knew martial law was in the cards due to this economic distress, but didn’t want to declare martial law?
What if you knew that the debt load was much too high, and one way to drastically shrink that debt load was to push hundreds – even thousands – of companies into financial distress and bankruptcy? What if by doing this, you would push many banks into distress? What if, by doing this, you opened up the door to allow you to borrow even more, given everyone’s flight to “safety”?
What if you could solve all of these problems by taking the commercial loans off of the books of the banks while at the same time allowing the distressed debt to go insolvent, thereby allowing your favorite friends to pick up assets at pennies on the dollar? What if you could hold this bad debt at an institution that had absolutely no risk of insolvency?
What if all of this allowed you to take even more control of all economic and social activity?
How could you set it up such that you wouldn’t get blamed for the financial calamity, yet bring the financial calamity on for your benefit and the benefits of your closest buddies? How could you get people to voluntarily act as if there was martial law without declaring martial law?
This is a long but very worthwhile article on the academic embrace of the official 9/11 narrative and its refusal to consider inconsistencies in that narrative and what those inconsistencies might mean. From David A. Hughes at lewrockwell.com:
The consequences of the terrorist attacks of 11th September, 2001 have been catastrophic. In addition to the estimated 3,000 people who lost their lives during the attacks themselves, millions more have been killed in the “War on Terror”; there has been an aggressive worldwide expansion of US military power, including the introduction of drone warfare; the MENA region has been destabilized, leading to massive flows of migrants; international law has been violated (most egregiously with the Iraq War); and domestically there has been a draconian scaling back on civil liberties, including historically unprecedented levels of surveillance, arbitrary detention, and torture. All of this has worked to undermine the post-1945 liberal internationalist order and has contributed to mounting concerns about liberal democracies being transformed into police states. It would not be difficult to defend the claim that “9/11” represents the most significant political event of the post-Cold War era.
These consequences rest on the fundamental premise that the United States was attacked by Al Qaeda on 9/11. Upon that premise are erected the moral and legal bases of the “War on Terror,” i.e. that “civilized” states have the right to defend themselves preemptively against terrorist barbarism in an age where terrorism is networked, transnational, and more threatening than ever before owing to new technologies of destruction. Yet, what if the fundamental premise were false? As Benjamin observes,
Were this claim ever to be proved false – were it ever to be shown that the United States was not in fact attacked by “others” on 9/11 but rather attacked itself (or let itself be attacked) for the purpose of blaming others and justifying international war – then its war would not be one of self-defence but of pre-meditated and carefully camouflaged aggression (2017: 373).
You could do worse than just take the opposite tack of what popular magazine covers are suggesting you do. From Doug Casey at internationalman.com:
International Man: Markets have extreme emotions. They can go from irrational exuberance—where it seems everyone is swinging from the chandeliers—to a bottom-of-the-barrel bear market where people don’t even want to look at the business section.
Why is assessing the psychology of the market so important?
Doug Casey: The market, as Warren Buffett has pointed out, can be either a weighing machine or a voting machine. You can make money in the market either way, but you have to recognize which machine is giving you signals.
Although Mr. Market sees and knows almost everything, he pays the most attention to the voting machine, because he’s basically bipolar, a manic-depressive. As a result, not only do you have to deal with the psychological aberrations of millions of other people who are running in a crowd and voting with their dollars, but much more important, you have to deal with your own psychology. You are, after all, part of the market.
The only thing you can control, however, is your own psychology, not that of the market’s other participants. Once again quoting Buffett, “Be fearful when others are greedy. Be greedy when others are fearful.”
If you think of humanity as always taking three steps forward and two steps back, and it’s always changing, it keeps you from getting too euphoric or too gloomy. From the Zman at theburningplatform.com:
Imagine a variant of the flu that is four or five times more lethal than the common flu and it is spreading quickly. The experts are not sure exactly how lethal this new flu variant will be, other than it will be considerably worse than the common flu that hits every fall and winter. Further, they are unsure of the origin or how to combat it with drugs and therapeutics. Before long, it is a serious problem. This new influenza is a pandemic spreading rapidly all over the world.
Now, you don’t have to imagine it, because you lived through it. The Swine Flu pandemic of 2009 infected about a billion people worldwide, according to most estimates. As is always the case with these things, the number of infected is always a best guess, as many are infected but are never confirmed. The death toll is a little easier to grasp, as it is hard to ignore a corpse, but many flu deaths are classed as other things. It probably killed half a million people.
The salient thing about the Swine Flu epidemic is that no one remembers it, until someone mentions it. Even then, most people probably think it killed pigs. While it caused lots of disruption and killed up to half a million people, most people did not notice it. No one remembers the SARS outbreak, which was way back in the dark ages of 2002 or the MERS pandemic in 2012. Both of those were much more lethal than the current virus spreading around the globe.
We’re in for some rough times, but only if the idiots running things do something really idiotic will the world come to an end. From Simon Black at sovereignman.com:
This is going to be a rough day for a lot of folks. But it’s one that I’ve been writing about for quite some time.
I’ve been saying for years that, at some point, there will be a severe financial reckoning. We wouldn’t know how, and most likely, we would have very little advance warning.
As an example, in June 2018 I wrote “whatever causes the next major downturn can be something completely obscure and unpredictable. And no one realizes it until it’s too late.”
That day is now upon us.
Financial markets have crashed around the world. Stock markets from Britain to Japan to Australia fell as much as 7% in a matter of hours, and are off 20% over the past few weeks. Oil prices crashed as low as $27 earlier and are down by nearly 50% from just 2 weeks ago.
And bond yields have crashed to lows that have never been seen before in the history of the world.
You can now loan money to the US government for THIRTY YEARS and earn just 0.85% per year. Or you could loan money to the German government for five years and earn NEGATIVE 1% per year.
Most of this is obviously due to the Corona Virus.
Buttigieg closed at a tight second place behind Sanders and both were awarded the same number of delegates, which with the bizarre Iowa shenanigans means the former South Bend mayor is now leading the pack in total delegates despite receiving fewer votes than Sanders in both states.
It is entirely possible that we’ll continue seeing strange electoral results combined with mass media manipulation result in Buttigieg riding a contested convention into a superdelegate-boosted nomination, even if Sanders has more votes overall. We have at this point in time seen no reason to believe that Sanders will be able to secure the number of delegates needed to prevent such an occurrence.
Those who know that they are profound strive for clarity; those who would like to appear profound to the crowd strive for obscurity. The crowd thinks everything is profound where it cannot see the bottom – it is so timid and dislikes going into the water. ~ The Gay Science : Third Book, 173. To be Profound and to Appear Profound, Friedrich Nietzsche
Collectivism, or herd mentality, can only lead to a meaningless life that is devoid of honest living, adventure, love, freedom, happiness, and fulfillment. Societal herds lose the ability to think as individuals, and envy and jealously become the primary driving force of thought. This of course leads to a demand for equality where none is available or warranted, and due to this pathetic psychological state, all that is beautiful and good must be destroyed in order to make room for the mediocre community.
This is the state of America today. This country is made up of groups that require consensus of thought and actions, and this inevitably leads to a hatred for individual intellect and individual independence. The larger the mob, the less important the individual, as uniformity takes hold over all that is unique. Any individual that relinquishes his individuality in order to conform to the group has lost all. Once the herd mentality sets in, the consciousness of self disappears, leaving only weakness and confusion. This state that is the crowd is worthless in every way, and mass despair is the result, as it tears down the exceptional.
Unlike many websites, Straight Line Logic does not solicit donations. If you're going to lay out your hard-earned money, you should get something in exchange. If you like the site and want to support it, buy The Golden Pinnacle or The Gordian Knot, either as a book or download. The links are on the right-hand side of the page, in the Blogroll section. You'll be supporting the site, and getting a great book and hours of enjoyable reading.