Article 43

 

Sunday, September 13, 2020

The Global Police State Is Swiftly Rising

image: man arrested for covid protest

The Global Police State Is Swiftly Rising

By Brandon Smith
Alt-Market
September 10, 2020

There is always an excuse for the enforcement of totalitarian restrictions on the public. There is always a reason.  And, often these reasons are engineered to sound logical and practical at the time.

In Germany after WWI and into the early 1930s Bolshevik activists and the German Communist Party (KPD) engaged in aggressive economic sabotage, street violence and even assassinations. This along with the Great Depression led to German middle class support for the National Socialist Party and the Third Reich (fascism).  Much of history’s focus is on the horrors of the Nazis, but many people are unaware of the extreme threat of communist revolution in Europe during this era, a threat which was used by the Nazis as a perfect rationale for constructing a police state. Arguably, without the existence of hardline communism, the fascists never would have had the public support needed to rise to power.

In Russia after the Bolshevik Revolution, the Cheka secret police were established in the name of preventing “counter-revolution.” This is an interesting aspect common to communism in particular; they desperately cling to the narrative that THEY are the “revolutionaries”, even when they have all the power. Thus, the revolution never ends because there are always people who disagree with communism. Anyone who refuses to comply with Marxist mandates becomes an imperialist enemy and bogeyman, and is held up as an example of why the revolution must perpetually continue. The police state must exist forever to root out the evil classists lurking in the shadows.

During the 1918 Spanish Flu outbreak, a virus with a much higher death rate among younger Americans compared to today’s coronavirus, major US cities such as New Orleans instituted martial law measures and lockdowns on the economy; closing schools, churches, public transportation, and places of leisure. Of course, despite claims in the wake of Covid, these measures did LITTLE TO NOTHING to stop the spread of the virus and the public became frustrated with their inability to function in the day-to-day economy (sound familiar). The population began to rebel against restrictions that were leading to financial decay, and there was little governments could do about it.

I’ve noticed that the mainstream media has attempted in the past six months to rewritethe history of the Spanish Flu as if martial law measures were a success, even though ultimately the flu ran its natural course in the majority of US cities. Infections and deaths continued unabated until the virus burned itself out and disappeared (no working vaccine was ever produced though there were many failed attempts based on the assumption that the disease was bacterial). Martial law actions only served to drag out the timeline of the virus.

One could argue that a hundred years ago governments did not have the same tools at their disposal as they do now. But are we really that much further ahead? Virologists have been working on an effective SARS vaccine for almost two decades WITH LITTLE SUCCESS; the idea that they could come up with a working vaccine for Covid in the span of a year (as many governments are suggesting) seems absurd. HISTORY SHOWS US that when vaccines are rushed into production by authorities, very bad things happen.

Regardless of lockdown measures, infection rates continue to climb in many nations, thereby justifying EVEN LONGER or more frequent lockdowns. This creates an endless cycle of economic instability which the public cannot endure, and many people are beginning to wonder what purpose of the pandemic restrictions serve? It’s obviously not to slow the virus and save lives as an effective vaccine is unlikely to be developed in time for the lockdowns to matter. But, if you wanted to quickly implement a totalitarian system, then using a global health threat as justification might be the ticket.

The problem for the establishment will be this: How can they keep the tyranny going once they have it? Ultimately, for a totalitarian system to work it NEEDS a large portion of the public to support it on principle. The public has to believe that the loss of their liberties is necessary to their survival for the long term.

What I find most interesting is the disparity in response to the two sides of the crisis today. Just as in the early part of the 20th century, we have a communist uprising as well as global pandemic that the public is growing increasingly suspicious of. How the government treats each problem is obviously different.

For example, the law enforcement response to the BLM and ANTIFA riots has been rather subdued and passive. I was in Pittsburgh for the G20 event in 2009 and I can tell you from experience that the police response was VICIOUS AND HIGHLY COORDINATED, and this was against groups that were doing nothing more that chanting slogans in the street without a permit from the city (the city government only gave out ONE protest permit while the G20 were present in Pittsburgh).

There was no rioting and minimal damage to private property, yet law enforcement deployed full force measures including Spartan formations, sound cannons, rubber bullets and armored vehicles. Watch video footage of the G20 in Pittsburgh and then compare it to the riots in Portland, Seattle, Minneapolis, New York, etc. It should become clear to you that for some reason police are being ordered to hold back the majority of the time.

Another glaring issue is the media response to the riots. They refer to the protests as exclusively peaceful despite mass looting, destruction of private property and violence. They treat BLM as sacrosanct and untouchable and act as an attack dog against anyone criticizing the actions of the organization. The issue of social distancing and virus spread is dismissed or ignored when it comes to BLM.

By extension, examine the mainstream media response to the protests against coronavirus lockdown restrictions. No riots, no looting, no violence on the part of conservative and moderate protesters, yet the media demonizes them as if they are a threat to the very fabric of our society. Look at how quick authorities have been to arrest people who refuse to follow lockdown restrictions, and take into account how aggressive arrests have been in other countries like Australia, Spain or the UK for doing nothing more than posting messages on Facebook or not wearing a mask on the street.

I think my point here is clear: The establishment supports social justice violence and unrest, and is cracking down hard on any resistance to medical tyranny. The hypocrisy is evident.

But this brings up some questions; such as why they are so keen to allow the BLM riots to continue? As noted at the beginning of this article, I think the strategy is evident It’s a two pronged attempt, a bait and switch: If the Marxists are successful and meet little resistance from the public then they will tear down the current system, and THE ELITIST INSTITUTIONS THAT FUND THEM like George Soros’s Open Society Foundation and the Ford Foundation will use the opportunity to build an Orwellian collectivist society from the ashes.

On the other hand, as in Germany in the 1930s, the civil unrest caused by hard left groups could also convince the general public that martial law measures are an acceptable solution and make them willing to sacrifice constitutional protections in order to rid themselves of the threat. There have been examples of this recently when federal agents initiated black bagging of protester in Portland using unmarked vans; all I saw from most conservatives was cheering. This would undoubtedly lead to a long term totalitarian structure that, once again, benefits the elites that inhabit every aspect of government INCLUDING TRUMP’S WHITE HOUSE.

In both cases, the power elites get what they want - a police state.

In terms of the pandemic response, a police state is already being established in many nations, and with most Western people’s predominantly disarmed there is little chance they will be able to resist the crackdown that will ensue as they try to protest the restrictions. But what about in America?

This is why it does not surprise me that the BLM riots are being encouraged so openly in the US. Look at it this way: If the elites cannot get us to go along with medical tyranny for fear of sparking an armed uprising from conservatives with actual training and ability, then they figure maybe they can trick us into supporting martial law in the name of defeating the political left.

The only solution is to refuse to support either option. We must repel the establishment of medical tyranny and stand against any overstep of state and federal governments against the constitution when it comes to protests. Riots and looting can be dealt with, and dealt with within the confines of the Bill of Rights. Also, once again I would point out that in almost every place where armed citizens organize and take up security measures in their communities the protests remain peaceful, or they don’t happen at all.

There is no legitimate excuse for a police state. There is always another way. Anyone that tells you different has an agenda of their own.

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Posted by Elvis on 09/13/20 •
Section Revelations • Section Dying America • Section Next Recession, Next Depression
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Friday, September 11, 2020

Mile Markers of Tyranny

image: dying america

“No one ever seizes power with the intention of relinquishing it. Power is not a means; it is an end.”
- George Orwell

Losing Our Freedoms on the Road from 9/11 to COVID-19

By John W. Whitehead
Rutherford Institute
September 9, 2020

You can map the nearly 20-year journey from the 9/11 attacks to the COVID-19 pandemic by the freedoms we’ve lost along the way.

The road we have been traveling has been littered with the wreckage of our once-vaunted liberties, especially those enshrined in the Fourth Amendment.

The assaults on our freedoms that began with the post-9/11 PASSAGE OF THE USA PATRIOT ACT laid the groundwork for the eradication of every vital constitutional safeguard against government overreach, corruption and abuse.

If there is any sense to be made from this recitation of freedoms lost, it is simply this: our individual freedoms have been eviscerated so that the governments powers could be expanded.

Mind you, by ғgovernment, I’m not referring to the highly partisan, two-party bureaucracy of the Republicans and Democrats. Rather, I’m referring to the Deep State - the corporatized, militarized, entrenched bureaucracy that has set itself beyond the reach of the law and is unaffected by elections, unaltered by populist movements, and staffed by unelected officials who are, in essence, running the country and calling the shots in Washington DC, no matter who sits in the White House.

This is a government that, in conjunction with its corporate partners, views the citizenry as CONSUMERS AND BITS OF DATA to be bought, sold and traded.

This is a government that SPIES ON AND TREATS ITS CITIZENS AS IF THEY HAVE NO RIGHT TO PRIVACY, especially in their own homes.

The COVID-19 pandemic with its lockdowns, mask mandates, surveillance, snitch lines for Americans to report their fellow citizens for engaging in risky behavior, and veiled threats of forced vaccinations has merely provided the architects of the American police state with an opportunity to flex their muscles.

These have become mile markers on the road to tyranny.

Free speech, the right to protest, the right to challenge government wrongdoing, due process, a presumption of innocence, the right to self-defense, accountability and transparency in government, privacy, press, sovereignty, assembly, bodily integrity, representative government: all of these and more have become casualties in the governments ongoing war on the American people. In the process, the American people have been treated like enemy combatants, to be spied on, tracked, scanned, frisked, searched, subjected to all manner of intrusions, intimidated, invaded, raided, manhandled, censored, silenced, shot at, locked up, denied due process, and killed.

What the past 20 years have proven is that the U.S. government poses a greater threat to our individual and collective freedoms and national security than any terrorist, foreign threat or pandemic.

In allowing ourselves to be distracted by terror drills, foreign wars, color-coded warnings, partisan politics, pandemic scares, and other carefully constructed exercises in propaganda, sleight of hand, and obfuscation, we failed to recognize that the U.S. government’s the government that was supposed to be a government “of the people, by the people, for the people” has become the enemy of the people.

Indeed, the U.S. government has grown so corrupt, greedy, power-hungry and tyrannical over the course of the past 240-plus years that our constitutional republic has since given way to an idiocracy, and representative government has given way to a KLEPTOCRACY (a government ruled by thieves) and a KAKISTROCRACY (a government run by unprincipled career politicians, corporations and thieves that panders to the worst vices in our nature and has little regard for the rights of American citizens).

Although the Bill of Rights - the first ten amendments to the Constitution - was adopted as a means of protecting the people against government tyranny, in America today, the government does whatever it wants, freedom be damned.

“We the people” have been terrorized, traumatized, and tricked into a semi-permanent state of compliance by a government that cares nothing for our lives or our liberties.

The bogeymans names and faces have changed over time (terrorism, the war on drugs, illegal immigration, a viral pandemic), but the end result remains the same: in the so-called name of national security, the Constitution has been steadily chipped away at, undermined, eroded, whittled down, and generally discarded with the support of Congress, the White House, and the courts.

What we are left with today is but a shadow of the robust documentadopted more than two centuries ago. Sadly, most of the damage has been inflicted upon the Bill of Rights.

Here is what it means to live under the Constitution, post-9/11 and in the midst of a COVID-19 pandemic.

The First Amendment is supposed to protect the freedom to speak your mind, assemble and protest nonviolently without being bridled by the government. It also protects the freedom of the media, as well as the right to worship and pray without interference. In other words, Americans should not be silenced by the government. To the founders, all of America was a free speech zone.

Despite the clear protections found in the First Amendment, the freedoms described therein are under constant assault. Increasingly, Americans are being arrested and charged with bogus “contempt of cop” charges such as “disrupting the peace” or “resisting arrest” for daring to film police officers engaged in harassment or abusive practices. Journalists are being prosecuted for reporting on whistleblowers. States are passing legislation to muzzle reporting on cruel and abusive corporate practices. Religious ministries are being fined for attempting to feed and house the homeless. Protesters are being tear-gassed, beaten, arrested and forced into “free speech zones.” And under the guise of “government speech,” the courts have reasoned that the government can discriminate freely against any First Amendment activity that takes place within a government forum.

The Second Amendment was intended to guarantee the right of the people to “keep and bear arms.” Essentially, this amendment was intended to give the citizenry the means to resist tyrannical government. Yet while gun ownership has been recognized by the U.S. Supreme Court as an individual citizen right, Americans remain powerless to defend themselves against SWAT team raids and government agents armed to the teeth with military weapons better suited to the battlefield. As such, this amendment has been rendered null and void.

The Third Amendment reinforces the principle that civilian-elected officials are superior to the military by prohibiting the military from entering any citizens home without “the consent” of the owner. With the police increasingly training like the military, acting like the military, and posing as military force - complete with heavily armed SWAT teams, military weapons, assault vehicles, etc. - it is clear that we now have what the founders feared most - a standing army on American soil.

The Fourth Amendment prohibits government agents from conducting surveillance on you or touching you or invading you, unless they have some evidence that youre up to something criminal. In other words, the Fourth Amendment ensures privacy and bodily integrity. Unfortunately, the Fourth Amendment has suffered the greatest damage in recent years and has been all but eviscerated by an unwarranted expansion of police powers that include strip searches and even anal and vaginal searches of citizens, surveillance (corporate and otherwise) and intrusions justified in the name of fighting terrorism, as well as the outsourcing of otherwise illegal activities to private contractors.

The Fifth Amendment and the Sixth Amendment work in tandem. These amendments supposedly ensure that you are innocent until proven guilty, and government authorities cannot deprive you of your life, your liberty or your property without the right to an attorney and a fair trial before a civilian judge. However, in the new suspect society in which we live, where surveillance is the norm, these fundamental principles have been upended. Certainly, if the government can arbitrarily freeze, seize or lay claim to your property (money, land or possessions) under government asset forfeiture schemes, you have no true rights.

The Seventh Amendment guarantees citizens the right to a jury trial. Yet when the populace has no idea of whats in the Constitution - civic education has virtually disappeared from most school curriculums - that inevitably translates to an ignorant jury incapable of distinguishing justice and the law from their own preconceived notions and fears. However, as a growing number of citizens are coming to realize, the power of the jury to nullify the government’s actions - and thereby help balance the scales of justice - is not to be underestimated. Jury nullification reminds the government that “we the people” retain the power to ultimately determine what laws are just.

The Eighth Amendment is similar to the Sixth in that it is supposed to protect the rights of the accused and forbid the use of cruel and unusual punishment. However, the Supreme Courts determination that what constitutes “cruel and unusual” should be dependent on the “evolving standards of decency” that mark the progress of a maturing society leaves us with little protection in the face of a society lacking in morals altogether.

The Ninth Amendment provides that other rights not enumerated in the Constitution are nonetheless retained by the people. Popular sovereignty - the belief that the power to govern flows upward from the people rather than downward from the rulers - is clearly evident in this amendment. However, it has since been turned on its head by a centralized federal government that sees itself as supreme and which continues to pass more and more laws that restrict our freedoms under the pretext that it has an important government interestӔ in doing so.

As for the Tenth Amendments reminder that the people and the states retain every authority that is not otherwise mentioned in the Constitution, that assurance of a system of government in which power is divided among local, state and national entities has long since been rendered moot by the centralized Washington, DC, power elite - the president, Congress and the courts.

If there is any sense to be made from this recitation of freedoms lost, it is simply this: our individual freedoms have been eviscerated so that the governments powers could be expanded.

Mind you, by “government,” I’m not referring to the highly partisan, two-party bureaucracy of the Republicans and Democrats. Rather, I/m referring to the Deep Statethe corporatized, militarized, entrenched bureaucracy that has set itself beyond the reach of the law and is unaffected by elections, unaltered by populist movements, and staffed by unelected officials who are, in essence, running the country and calling the shots in Washington DC, no matter who sits in the White House.

This is a government that, in conjunction with its corporate partners, views the citizenry as CONSUMERS AND BITS OF DATA to be bought, sold and traded.

This is a government that SPIES AND TREATS ITS CITIZENS AS IF THEY HAVE NO RIGHT TO PRIVACY, especially in their own homes.

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Posted by Elvis on 09/11/20 •
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Thursday, September 10, 2020

Republican Redux 18

GOP Senator’s Staffer Tells Cancer Survivor Who Can’t Afford Health Insurance to ‘Figure it Out’

By Jocelyn Grzeszczak
Newsweek
September 9, 2020

A North Carolina woman criticized a member of a GOP senator’s staff after she recorded the staffer telling her that those who cannot afford health insurance needed to “figure it out.”

Bev Veals, a three-time cancer survivor from Carolina Beach, recorded her call with a member of North Carolina Senator Thom Tillis’ Washington, D.C., staff after she grew upset with his apparent lack of empathy.

“You’re saying that, if you can’t afford [health insurance], you don’t get to have it, and that includes health care?” Veals asked the staffer.

“Yeah, just like if I want to go to the store and buy a new dress shirt. If I can’t afford that dress shirt, I don’t get to get it,” the staffer replied.

“But health care is something that people need, especially if they have cancer,” Veals said.

When Veals asked the staffer what people in her situation should do, he told her, “Sounds like something you’re going to have to figure out.”

Veals told WRAL News that in her three separate battles with cancer over the past 20 years, she’s also had to deal with struggling to find access to health care and medical bankruptcy. Veals’ husband was furloughed from his job in March because of the ongoing coronavirus pandemic, and she became increasingly worried that she could lose her health insurance.

Veals began calling her local lawmakers for guidance, including the GOP senator, who is vying for reelection in November.

“I wanted answers because the thought of having no health care and possibly getting sick with COVID is extremely frightening,” Veals said.

But she spoke with one of Tillis’ staffers on the phone instead, and told WRAL that the man’s comparison of health insurance to a dress shirt made her “incredibly angry and hurt.”

In a statement to WRAL, Tillis’ office noted that the staffer had been reprimanded for his actions.

“The way Mrs. Veals was talked to by a staff assistant in our Washington office was completely inappropriate and violates the code of conduct Senator Tillis has for his staff, which is why immediate disciplinary action has been taken,” spokesman Daniel Keylin wrote.

Newsweek contacted Tillis’ office for comment, but did not hear back in time for publication.

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Posted by Elvis on 09/10/20 •
Section Dying America
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Wednesday, September 09, 2020

Post Pandemic Boomer

image: boomers on a boat

I don’t believe most of the article below - seniors are going bankrupt - but posting it in case the coming years proves me wrong.  AI is a different story. I can go for ARISA the robot.
- Elvis/ed

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COVID-19 will make the 60-plus generation more powerful than ever

By Mauro Guillen
NY Post
August 22, 2020

Population aging is a powerful force. By 2030 the population above age 60 will have grown so much that other generations like millennials and Gen-Z will be outnumbered by them in Europe, China, Japan and the United States. Each day, 12,000 Americans celebrate their 60th birthday; in China, 54,000; and in the world, about 210,000, according to the United Nations Population Division. The pandemic will only accelerate this trend given the predictable decline in fertility - which tends to occur whenever unemployment is high - and the shifting demographics of cases and deaths, which are trending younger as time goes by.

The 60+ crowd will become very important economically for three reasons. First, they own more than half of the net worth around the world, a proportion that reaches 80 percent in the United States, according to a study by the Federal Reserve. Second, the same study concluded that the net worth of seniors is more evenly distributed than among younger age groups, and poverty rates are also lower. And third, their incomes tend to be more resilient because many of them depend on pensions or investment income, and they can do some work on the side to cover potential shortfalls.

Not all seniors are financially secure, but they tend to be less exposed to large-scale financial disruption during episodes of crisis. Moreover, there are 25 percent more women above the age of 60 than men, they tend to be much better at managing their money and making it last, and they account for a smaller percentage of COVID-related health problems and hospitalizations, mainly because they heed the advice of health authorities and they have more robust anti-viral immune responses to begin with.

The gray market is quickly becoming in vogue because ever larger proportions of seniors are enjoying life by using their income and wealth wisely to procure goods and services that enhance their experiences. Moreover, a 70-year-old nowadays lives the life of a 50-year-old in the 1980s. The pandemic has also accelerated the technological savviness of this group, and not just in the area of e-commerce. In fact, a study in the Journal of Gerontology found that use of the Internet increases cognitive functioning rather than vice versa. Myriad new applications in virtual reality, robotics, and artificial intelligence are seeking to capture a rapidly growing market. Other areas of technology will help seniors live longer and more fulfilling lives. Virtual reality can stimulate motor functions and the overall performance of the nervous system, and it can help reduce loneliness, a key problem afflicting large numbers of people at advanced ages. Artificial intelligence and robotics will also contribute to quality of life. Over the last decade, Japanese companies have invested heavily in robotics to aid with daily tasks like lifting weights, conduct physiotherapy sessions, and provide for companionship.

Both Madison Avenue and the new digital advertising behemoths occupying large office spaces on the West Side of Manhattan are beginning to take notice of the opportunities related to catering to the needs and wants of the gray consumer. Boomers have the bucks, but advertisers don’t seem to care, noted the AARP in a recent article.

Even so, the new buzzword in advertising circles is the “ageless” approach, emphasizing attitudes and lifestyles as opposed to age, in yet another acknowledgment that aging is not what it used to be. Politicians learned a long time ago how important this demographic is. At long last, companies are realizing that gray is the new black.

Mauro Guilln is a professor at the Wharton School, and the author of the forthcoming book, 2030: How Today’s Biggest Trends Will Collide and Reshape the Future of Everything (St. Martin’s Press), out Tuesday.
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Posted by Elvis on 09/09/20 •
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Friday, September 04, 2020

The Next Depression Part 61 - Economy Unravelling II

image: american dream is over

The Economy Continues To Unravel Despite All Stimulus Measures

By Brandon Smith
Economic Collapse
September 3, 2020

Since the pandemic lockdowns were first implemented in the US I have been more concerned with the government and central bank response than the virus itself. As I have NOTED IN PAST ARTICLES, the pandemic restrictions and subsequent economic and social crisis events they help to create will cause far more deaths than Covid-19 ever will. Not only that, but the actions of the Federal Reserve continue to con the American public into believing that there is some kind of plan to stop the crash that THEY engineered.

The only agenda of the Fed is to increase the pain in the long term; they have no intention of actually preventing any disaster.

This is evidenced in comments by voting members of the Fed, including Neel Kashkari who recently argued for the enforcement of HARD LOCKDOWNS FOR AT LEAST SIX WEEKS in the US, all because the US savings rate was going up. Meaning, because Americans are saving more in order to protect themselves from economic fallout, Kashkari thinks we should be punished with an economic shutdown that would force us to spend whatever we have been able to save.

Do you see how that works?

Fed members and government officials demand hard lockdowns, depleting public savings and destroying small businesses. Then, the public has to beg the Fed and the government for more and more stimulus measures so that they can survive. The people and the system become dependent on a single point of support - fiat money creation and welfare. Yet, the evidence suggests that this strategy is failing to do much of anything except stall the inevitable for a very short time.

If the goal was really to reduce the pain of the pandemic as much as possible, then the strategy should be to keep the economy as open as possible and let the virus run its course.  By initiating lockdowns, all we are doing is extending the economic damage over the span of years instead of months.  We can deal with the comparatively minimal deaths associated with the virus; we cannot handle the disaster that is about to befall the financial system.

The small business sector appears to be the most fragile element of the economy right now. The PPP loans that were supposed to shore up small businesses failed miserably, with data showing only 13% to 19% of applicants getting a loan of any kind. Over 64% of small businesses that received a loan are also worried about being approved for loan forgiveness. In other words, of the few small business owners that got a PPP loan more than half do not have the ability to pay the loan back if they end up not qualifying for exemption.

This problem does not seem to be affecting the corporate sector, however. International companies are enjoying incredible cash infusions from the Fed through overnight loans as well as Fed stimulus propping up stock markets (at least for now). Tech companies in particular are enjoying a rush of investment as the assumption in the daytrading world is that the central bank will not allow these companies to fail.

Maybe they are right, but stock markets today DO NOT reflect the health of our system in any way. Stock tickers are a placebo, a Pavlovian trigger for the public, a tool to make people believe that the situation is improving merely because share values are going up. This is not the case.

Small businesses in the US account for around 50% of all employment and job creation. They are a vital part of the economy. Yet, government and central bank measures seem to have left them out in the cold to die.

To be sure, the $600 weekly unemployment enhancement created through the CARES Act passed in March did boost consumer spending, primarily on durable goods such as computers, TVs, cellphones, etc. Spending on services declined though, which is where the majority of small businesses make their money. And, considering the fact that most durable goods are manufactured overseas, this means that the majority of stimulus dollars that went to consumers did not go into the US economy, but foreign exporters like China.

Now, the unemployment enhancement has ended and its return is in question. It will be interesting to see if the boost to purchases of goods will continue without that extra $600 weekly stimulus. Consumer SPENDING ROSE IN JULY BY 1.9%, but this was already a weak print compared to the increases during the previous two months.

Unemployment numbers have declined due to soft reopenings in numerous states, and at the very least some part-time jobs appear to be returning, but nowhere near the level needed to erase the MILLIONS OF JOBS LOST SINCE FEBRUARY after the initial lockdowns began. If you count U-6 measurements and unemployed people who have been removed from the rolls for being jobless for too long, the REAL UNEMPLOYMENT RATE IS CLOSER TO 30% of working age Americans. This is essentially Great Depression levels of joblessness.

US GDP has CONTINUED TO DECLINE BY 32% according to the Bureau of Economic Analysis (despite statistical rigging by the Fed and government agencies), and while it’s possible that stimulus slowed the effects of GDP loss, there is no indication what the trillions of dollars created by the Fed have actually bought other than a few months of time and a massive bubble in the stock market.

The economy cannot survive extreme lockdown conditions for any length of time, let alone almost two more months. And, if you want to know what it means when elites in government and central banking call for a “hard lockdown”, just look at Level 4 restrictions in places like Australia and New Zealand, where only one person can leave home at any given time, can only travel 3 miles from home and only for food and supplies, and anyone caught not wearing a mask is subject to arrest or a $10,000 fine.

THIS MOTHER in Melbourne, Australia was arrested because of a Facebook post calling for protests over the lockdown restrictions.  She later had to take the post down and offered an apology, saying she did not know it was illegal to post such statements on social media.

Yeah, this kind of Orwellian response will do wonders for any economic recovery, and this is what Kashkari is calling for in the US.  Its almost as if the Fed and certain politicians WANT a financial collapse in America.

The REAL solution is to stop the lockdown restrictions altogether. If the goal is truly to protect as many American lives as possible for the “greater good,” then the pandemic response must stop. Luckily, it seems that more and more people are beginning to see through the facade and are rejecting the restrictions. Even in Europe and Australia there have been some signs of protest and rebellion. The problem is that, at least in terms of the economy, it may be too late.

We have to consider the fact that once a large portion of the business sector (like small businesses) takes a massive hit like the one they have suffered over the past several months, many such businesses and jobs will simply not come back. There are many reasons for this, but primarily its a matter of debt. The average small business owner carries almost $200,000 in debt for 3-5 years before he reaches profitability or breaks even. This is assuming that there are no major economic catastrophes in that time.

With the pandemic, the riots, the restrictions, etc., businesses will have to take on much more debt with little guarantee of recovery in the next few years let alone the next few months.  Chapter 11 business bankruptcies in the US rose over 26% in the first half of 2020 alone.

Even if lockdown restrictions were completely eradicated tomorrow, a large number of businesses would go bankrupt anyway.  The “Retail Apocalypse” has been growing over the past decade, LONG before the coronavirus was on issue.  Thousands of businesses shut down last year and tens of thousands more are slated to close this year.  The virus and lockdowns simply accelerated the existing decline.

This is why large banks are cutting off loans to business owners and consumers right now; they know exactly where all this is headed.

Banks act as middlemen for the PPP loans financed by the Fed, yet those loans are not getting to most businesses. Banks have also cut CREDIT CARD LENDING in the past few months, and general lending has crashed. All of this despite low interest rates for banks receiving stimulus injections from the Fed. Where is all of the money going? They are keeping it for themselves, buying up hard assets as well as propping up the stock market. As noted above, the elites have NO INTENTION of saving the economy, only themselves.

If the stimulus is not getting to the main-street economy then the only purpose it serves is to give the public a false sense of comfort. The people who gain the most from the ongoing pandemic chaos are establishment elites that want severe restrictions on personal liberty.  Not to mention, the virus and lockdowns offer a convenient scapegoat for the financial crisis that was already brewing due to central bank mismanagement of stimulus, inflation and interest rates. The bottom line is, the banks do not want the crisis to end.  Why would they?  The longer the panic continues, the more they benefit.

SOURCE

Posted by Elvis on 09/04/20 •
Section Dying America • Section Next Recession, Next Depression
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In memory of the layed off workers of AT&T

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We are all so much together and yet we are all dying of loneliness. - A. Schweitzer

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