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The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America

The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America

Initially, we were told that the coronavirus lockdowns would just “temporarily” disrupt the U.S. economy, but now it is becoming clear that a lot of the damage will be permanent.  We are starting to see businesses go belly up all over the country, and this includes some of the most iconic names in the retail world.  When J.C. Penney announced that it would be declaring bankruptcy and closing hundreds of stores, I warned that would just be the tip of the iceberg, and that has definitely turned out to be the case.  In fact, on Wednesday many analysts were absolutely shocked when news broke that Victoria’s Secret has decided to shut down about 250 stores

Victoria’s Secret plans to permanently close approximately 250 stores in the U.S. and Canada in 2020, its parent company L Brands announced Wednesday.

L Brands also plans to permanently close 50 Bath & Body Works stores in the U.S. and one in Canada, according to information the company posted online as part of its quarterly earnings.

If this pandemic had passed quickly, perhaps those stores wouldn’t have needed to be shut down.  But at this point it has become obvious that this virus is going to be with us for a long time to come.  In fact, the WHO just announced that on a global basis we just witnessed the largest number of newly confirmed cases on a single day so far.

Another major retailer that is closing down stores is Pier 1 Imports.  In fact, it is being reported that not a single one of their locations will survive

Pier 1 Imports, which previously said it would close half of its fleet of stores, now plans to close all of its locations.

The retailer, based in Fort Worth, Texas, announced in a news release Tuesday that it was seeking bankruptcy court approval to begin an “orderly wind-down” when stores are able to reopen “following the government-mandated closures during the COVID-19 pandemic.”

I was never a huge fan of Pier 1 Imports, but my wife liked to visit and see what they had, but now we will never be able to do that again.

…click on the above link to read the rest of the article…

10 Numbers That Show The U.S. Has Fallen Into A Horrifying Economic Depression

10 Numbers That Show The U.S. Has Fallen Into A Horrifying Economic Depression

The last recession was really, really bad, but it was never like this.  It is time for us to face reality, and that means admitting that the U.S. economy has plunged into a depression.  This is already the worst economic downturn that America has experienced since the Great Depression of the 1930s, and we are right in the middle of the largest spike in unemployment in all of U.S. history by a very wide margin.  Of course it was fear of COVID-19 that burst our economic bubble, and fear of this virus is going to be with us for a very long time to come.  So we need to brace ourselves for an extended economic crisis, and at this point even Time Magazine is openly referring to this new downturn as an “economic depression”.  Needless to say, there will be a tremendous amount of debate about how deep it will eventually become, but everyone should be able to agree that our nation hasn’t seen anything like this since before World War II.

In order to prove my point, let me share the following 10 numbers with you…

#1 According to a study that was just released by the National Bureau of Economic Research, more than 100,000 U.S. businesses have already permanently shut down during this pandemic, and that represents millions of jobs that are never coming back.

#2 The Federal Reserve Bank of Atlanta is now projecting that U.S. GDP will shrink by 42.8 percent during the second quarter…

A new GDP forecast from the Federal Reserve Bank of Atlanta for the three months through June estimates an unprecedented drop of 42.8 percent. The bank describes the data as a “nowcast” or real-time, compared with the official government report of GDP, which is dated. The first-quarter preliminary data, which showed a 4.8 percent dip, included a limited period of impact from COVID-19.

…click on the above link to read the rest of the article…

Don’t Bet on a Vaccine

Don’t Bet on a Vaccine

If we get one, great. But here’s why we can’t count on it and what that means.

CoronavirusCloseUpBlue.jpg
Biologist Paul Ewald notes earlier virus vaccine successes came easier. ‘We are now left with the more wily ones which will probably evade our vaccination efforts.’ Photo of the virus causing COVID-19: Shutterstock.

Every day politicians promise eventual relief from the threat of COVID-19 with a vaccine. An unprecedented scientific race to develop more than 100 of them is now underway. But don’t roll up your sleeve yet. Any promise of a technical solution for a global pandemic remains a great gamble for a variety of reasons.

So we had better develop a robust Plan B: Get very good at living with the coronavirus in our midst, keeping large outbreaks to a minimum. The key to this, lacking a super effective vaccine, is: test, trace and isolate. Repeat. Repeat. And repeat again. We have the means to do this now, and it should become our way of life for many months, and likely years, to come.

Why should we be wary of the promise a vaccine will deliver us any time soon from the coronavirus?

Some viruses are more ‘wily’ than others. Vaccines are artificial tools to confer immunity to diseases. Instead of waiting for natural immunity and disease cycles to do the often deadly and random job, our civilization now depends on the efficiency of vaccines. Immunization is as much a part of modern civilization as the highway.

Vaccines, however, have their limits and can also suffer from diminishing returns. The evolutionary biologist Paul Ewald has noted that humans have used vaccines for the last 200 years to conquer the easiest adversaries: measles, diptheria, rabies, polio and smallpox. “We are now left with the more wily ones which will probably evade our vaccination efforts by changing their coats.” Malaria and viruses like HIV are masters at evading the immune system.

…click on the above link to read the rest of the article…

Good News from the Other Side – Gates is Losing 8.6 Weeks

Good News from the Other Side – Gates is Losing 8.6 Weeks

I have been getting calls from very key people who are starting to see the light. What is being relayed to me is that they are frightened. They have never witnessed such a conspiracy that has bound together politicians and the media against the public in their lives.

The Washington Post is now running stories desperately trying to support this HOAX, claiming COVID-19 now causes other diseases. They are doing anything they can to justify themselves and the role they have played in destroying the world economy. They are far too political and not trustworthy anymore. They have become a disgrace to the principle of free press. When this ends, only then perhaps will we see how far the press has fallen in both integrity and ethics. They are condemning their own families and they are too ignorant to see beyond their nose.

The goal to destroy the old world order and replace it with a zero CO2 environment is beyond the ability of humans to understand all the intricate economic connections that bind the global economy together in a functioning network.

It has been 8.6 weeks from mid-March when this virus was declared to be a pandemic. This is precisely the timing when things will begin to shift. Those who are intelligent and do not accept whatever the press and government have to say will now become their adversaries.

You’re Being Conditioned to Live in a “Smart City” – Resist It

You’re Being Conditioned to Live in a “Smart City” – Resist It

And at the dead center of it all is Eric Schmidt. Well before Americans understood the threat of Covid-19, Schmidt had been on an aggressive lobbying and public relations campaign pushing precisely the “Black Mirror” vision of society that Cuomo has just empowered him to build. At the heart of this vision is seamless integration of government with a handful of Silicon Valley giants — with public schools, hospitals, doctor’s offices, police, and military all outsourcing (at a high cost) many of their core functions to private tech companies.

– The InterceptScreen New Deal

Each crisis in the 21st century has been aggressively and ruthlessly wielded into a massive wealth and power grab by the American oligarchy and national security state. The big power grab following 9/11 centered around whittling away constitutional rights via mass surveillance in the name of “keeping us safe”, while the money grab after last decade’s financial crisis concentrated wealth and assets into fewer hands while entrenching financial feudalism and making the Federal Reserve and mega banks even more powerful.

Despite the success of this diabolical and intentional concentration of money and power, there’s still too much privacy, freedom and independent wealth around for the imperial oligarchy to feel comfortable. As such, the current pandemic is being used to put the finishing touches on whatever little political and economic freedom remains in these United States.

The lessons learned from prior crises are being rolled out simultaneously this time around while people remain incapacitated at home due to Covid-19. The 2008/09 financial collapse taught those in power they can get away with unprecedented, unaccountable theft during an economic and stock market crash. Similarly, 9/11 demonstrated people will relinquish civil liberties without much protest when immersed in a state of fear.

…click on the above link to read the rest of the article…

What I Learned During the COVID Crisis

What I Learned During the COVID Crisis

The COVID-19 crisis has affected just about every family in the United States in some way or another. All of our situations are unique and everyone I’ve spoken to has learned some lessons about their levels of preparedness. Some of those lessons are unconventional but valuable nonetheless. There are a whole lot of things you can’t learn from a book or a blog.

Here are the things I’ve learned.

Trust your instincts.

I began writing about this virus back in January when it was announced that the entire city of Wuhan was being locked down and millions of people were under stay at home orders. With that many people under a mandatory lockdown, I was firmly convinced that this had potential global ramifications.

I had come back from Europe to attend a funeral in early January and was supposed to return on January 28th. After doing the research for the article mentioned above, I rescheduled my flight for March 28th and settled in with my youngest daughter at her apartment to help out with the bills. We immediately began stocking up.

A lot of folks at that time said I was crazy – a few here on my website but more so on other sites that republished my work. I’m no stranger to being called crazy – I’m in the preparedness industry and I like guns, so right there, the mainstream media sees me as a lunatic. It no longer bothers me and I was convinced that this was going to be a big deal.

Every day from January 23rd to the present, I’ve spent hours researching as this pandemic has unfolded. I sincerely wish that I had not been correct, but here we are, still in lockdown in many parts of the country.

…click on the above link to read the rest of the article…

Why Does The Mainstream Media Seem So Desperate To Keep The Coronavirus Lockdowns Going?

Why Does The Mainstream Media Seem So Desperate To Keep The Coronavirus Lockdowns Going?

Something doesn’t smell right.  The number of newly confirmed cases of COVID-19 in the U.S. each day has been declining, as has the number of deaths.  This is great news, and we should be hoping that the falling numbers are a sign that the pandemic is beginning to subside.  But the mainstream media has been relentlessly pumping out stories that warn of “disaster” if the lockdowns are lifted “too soon”.  According to the mainstream media, by “ignoring science” we are inviting a “second wave” which will be even deadlier than the first one.  And it is certainly true that as we end the lockdowns more people will get exposed to COVID-19, but right now I do not know of a single hospital in the entire country that is currently being overwhelmed by this pandemic.  As long as our hospitals can handle it, there is no reason to continue the lockdowns.

But the mainstream media seems desperate to keep the lockdowns going, and so they keep telling us that we are “inviting disaster” by ending them.  For example, the following comes from a New York Times article that was just published entitled “As States Rush to Reopen, Scientists Fear a Coronavirus Comeback”

Millions of working people and small-business owners who cannot earn money while sheltering at home are facing economic ruin. So dozens of states, seeking to ease the pain, are coming out of lockdown.

Most have not met even minimal criteria for doing so safely, and some are reopening even as coronavirus cases rise, inviting disaster. The much-feared “second wave” of infection may not wait until fall, many scientists say, and instead may become a storm of wavelets breaking unpredictably across the country.

And this is how that article ended

Having 50 states and more territories do competing and uncoordinated experiments in reopening is “daring Mother Nature to kill you or someone you love,” Dr. Frieden said. “Mother Nature bats last, and she bats a thousand.”

That sounds quite ominous.

Without a doubt, most Americans certainly do not want to see a loved one die after catching COVID-19.

…click on the above link to read the rest of the article…

GDP Now Q2 Estimate At -34.90 Percent, So What Now?

GDP Now Q2 Estimate At -34.90 Percent, So What Now?

Summary

  • The Atlanta Fed’s GDP Now is estimating a -34.9 percent Q2 GDP print, which is 3.5x the largest quarterly decline in the post-WWII economy
  • If realized, the 11.3 percent non annualized first-half GDP collapse in 2020 will approach the worse year of the Great Depression, when in 1932, the economy shrank 13.1 percent for the entire year  
  • We are not paying much attention to these numbers as they reflect an economy that has been closed for two months, which should experience a relatively sharp snapback in Q3, with unemployment most likely peaking this month
  • Nonetheless, the pandemic and economic lockdown will do long-term structural damage to the economy
  • The rapid growth of the monetary aggregates alleviates much of the deflationary forces in the economy in the short-term and we perceive inflation a much bigger risk over the medium-term
  • If the GDP Now estimate holds, and even if GDP prints a record annualized 27.6 percent number in Q3, real output will still be 7 percent below the Q4 2019 level with unemployment remaining close to low double digits
  • We suspect the recovery will come too late and not be enough to save President Trump and the Republicans though the White House will tout it as “the greatest economic recovery in the history of the world“
  • Investors and companies should plan for higher capital gains and corporate taxes
  • Check out the astonishing performance of our stock picker’s large-cap portfolio, which is trouncing the S&P500 this year

Since the COVID crisis hit America, many businesses are operating at limited capacity while others have ceased operations completely.  The unprecedented aggregate supply and demand shock to the U.S. economy has resulted in horrific economic data, including the 20.5 in nonfarm payroll jobs lost in April and the unemployment rates shooting up over 14 percent.

…click on the above link to read the rest of the article…

We Are Witnessing Economic Carnage Like We Have Never Seen Before, And The Economy Is Going To Continue To Bleed Jobs

We Are Witnessing Economic Carnage Like We Have Never Seen Before, And The Economy Is Going To Continue To Bleed Jobs

Now we are up to 33.5 million jobs lost.  In just 7 weeks, the U.S. economy has been completely turned upside down, and the numbers are unlike anything that we have ever seen before.  On Thursday, the Labor Department announced that 3.17 million Americans filed initial claims for unemployment benefits last week.  That brings the grand total for this crisis up to 33.5 million, and that figure absolutely dwarfs what we witnessed during the last recession.  And as I discussed yesterday, even the mainstream media is now admitting that millions of those jobs are never coming back.

Yes, some Americans will be going back to work now that the lockdowns are being ended, but for now it is being projected that the job losses will continue to surpass any gains that are made by workers that are returning to their old jobs.

In fact, one prominent economist told CNBC that it will likely take until mid-June before the number of Americans filing new claims for unemployment benefits each week falls below a million…

At the current pace, the week claims numbers should fall below 1 million by mid-June, according to Ian Shepherdson, chief economist at Pantheon Macroeconomics. “We’re very hopeful that June will see the beginnings of a rebound as states begin to reopen,” Shepherdson said.

To put that in perspective, prior to this year the all-time record for a single week was just 695,000.

So even when we get down to a million new claims each week, that will still be a catastrophic level.

And the truth is that these numbers don’t even tell the entire story.  Because state unemployment websites have been so overwhelmed, there are vast numbers of unemployed Americans that still have not been able to successfully file claims.

…click on the above link to read the rest of the article…

Will covid-19 delay peak oil?

Will covid-19 delay peak oil?

With global demand having fallen by about 29 million barrels per day from a year ago, it seems like this pandemic might delay peak oil production while the pandemic and consequent depression lasts, since so much less oil is being consumed. Since storage is getting full, many oil producers are being forced to shut down wells, since there’s nowhere to put the oil or demand for it.

Shut down wells may produce less oil after being restarted

Shutting in wells can reduce oil production when restarted, but that doesn’t happen every time.  Sometimes you get lucky.  More often though, the sub-surface gremlins in the reservoirs are going to get you.  The net effect will likely be less oil and gas than there was before.

With prices so low and storage so full, some producers are shutting down wells. But the problem with that is it can have long term consequences, damaging the reservoir so that in the future not all of the oil can be produced (Brower 2020).

In addition to reservoir problems, especially tar sands, conventional and other wells face restart issues with the pipes, valves, separators, pumps, pipelines, older wells, and so many other technical problems that at least about 10-20% plus a loss of ability to reopen marginal projects.  Depending how the game is played by the industry, the damage can be twice that, easily, especially in offshore and ultra-deep offshore wells, where methane hydrates will form immediately in seafloor pipelines and plug them. These wells could be 100 times more difficult to restart than a shale well (Patzek 2020).

Operations in the Gulf of Mexico will likely shut last, since the miles of pipelines that carry the oil along the sea floor to processing facilities on shore can clog if shut off for too long.

…click on the above link to read the rest of the article…

Coronavirus: The “Rescue” Is Stealing Your Wealth

Coronavirus: The “Rescue” Is Stealing Your Wealth

The elites get richer and we lose our jobs & future prospects

As we begin to get a better handle on what happens inside the body when covid-19 infects, it’s clear that early treatment makes a big positive difference.

And we’re learning of effective measures you can take at home *before* exposure to the virus that can limit your chances of getting it. A cocktail of Vitamin C + Quercetin, Vitamin D3, zinc and melatonin is being increasingly recommended by clinicians (specific dosage available in this video).

OK..now onto the bad news. THE GREATEST WEALTH TRANSFER IN HISTORY IS BEING PERPETRATED BEFORE OUR EYES AND WE’RE JUST WATCHING IT HAPPEN!!

Oh…did I shout that? Sorry.

All that the $trillions in rescue bailouts/stimulus are doing is making the wealthy elites and the large corporations whole on their bad bets, while simultaneously making them richer by deforming stock prices even higher.

And what do the rest of us get? Lost jobs. A promise of a measly $1,200 check that few have yet to receive. Shattered prospects.

Those who have pillaged our system are filling their pockets before it collapses. Why the heck are we not fighting back at this more forcefully?

More Evidence Covid-19 May NOT Be Natural

More Evidence Covid-19 May NOT Be Natural

The data is starting to mount on the side of at least *some* manipulation

Natural or man-made/manipulated?

The debate rages on, though evidence is starting to mount on the side of at least *some* manipulation.

In Tuesday’s video, Chris talked about the polybasic furin cleavage site PRRA which looks suspiciously like an ‘insert’ in covid-19’s genetic coding.

In today’s video, he focuses on the RaTG13 sequence, which raises even more questions. It suggests that either the sequence itself is not natural OR that the larger covid-19 virus isn’t.

There are even further questions raised by the virus’ E protein. But enough of the science-speak. I’ll let Chris explain it all to you here:

Don’t forget to get your free download of Peak Prosperity’s book Prosper!. Given its relevance to preparing for any kind of crisis, pandemic or otherwise, Chris and I are now making it available to the world for free during the covid-19 lockdown.

To download your free copy, click here.

Mutation! Are We Now Dealing With A More Contagious Covid-19 Strain?

Mutation! Are We Now Dealing With A More Contagious Covid-19 Strain?

The G clade of the virus may explain why certain regions have been hit harder than others.

Well, it seems we are closer to solving the mystery of why some regions of the world exhibit higher covid-19 infection rates than others.

New research is revealing that covid-19 mutated early on in the pandemic to create a more transmissive strain: the G clade, which may also be associated with a higher viral load.

The G clade was dominant in Italy, which suggests that’s why the virus hit that country so much harder than many others.

In the US, New York appears to have suffered from a high percentage of G clade cases. That’s likely why the infection rate has been much higher there than in other states.

In addition to the news about the new strain, we’re also now seeing evidence that the impact of covid-19 can linger for much longer than previously appreciated. There are reports of patients still struggling with symptoms 50 or more days after onset.

To re-iterate our oft-repeated advice: You do NOT want to get this virus if you can avoid it.

Don’t forget to get your free download of Peak Prosperity’s book Prosper!. Given its relevance to preparing for any kind of crisis, pandemic or otherwise, Chris and I are now making it available to the world for free during the covid-19 lockdown.

To download your free copy, click here.

A light at the end of the Covid tunnel?

A light at the end of the Covid tunnel?

In farming and food systems, as in every other avenue of public life, context is everything, as I said during a discussion on Al Jazeera’s ‘Inside Story’, this past Thursday.

On the programme, which asked how coronavirus is threatening food security, I pointed out that all the stories making international headlines in relation to the impact of the pandemic on food – milk being poured down the drain, plane loads of eastern European vegetable pickers licensed to travel to the UK to harvest salad crops, the hoarding, the scarcities –are reflective of the food system that exists, namely intensive, industrialised, globalised, damaging to the environment and public health and, above all, insecure and lacking resilience.

So, although the current food system seems so apparently successful, even to the extent that we have ‘coped magnificently’ with maintaining supplies of key staple foods to the consuming public during the COVID-19 emergency, we need to realise that this is actually a dangerous delusion.

In truth, this model of a highly intensive centralised production, packing and distribution system, for most of the foods that are sold in supermarkets, will continue to have devastating negative consequences on the planet and its people.

It is a system that has been progressively developed over the last few decades, driven mainly by its simplicity and accompanying economies of scale. However, this isn’t the full picture, since the process results in the loss of thousands of jobs, a huge negative impact on local economies, damage to climate change, biodiversity, public health and, as we can now see, food insecurity in the event of any sudden external shocks.

…click on the above link to read the rest of the article…

Coronavirus: Something’s Not Right Here…

Coronavirus: Something’s Not Right Here…

It’s hard not to start asking the question: Are we being played?

Following yesterday’s pimping of Gilead Science’s antiviral drug remdesivir on scant and suspect results, it’s hard not to start asking the question: Are we being played?

We’ve argued in several past videos that there is ample enough evidence that hydroxychloroquine shows enough promise in reducing/treating covid-19 that further research is merited. Instead, the drug is being demonized in the media.

That doesn’t make a lot of sense to us. But, hey, maybe there’s a good reason that a cheap widely-available treatment that has been administered hundreds of millions of times over the past 70 years, making it one of the most medically-delivered drugs in history, is suddenly being labelled “unsafe”?

But much more maddening is that remdesivir has suddenly been promoted to “standard of care” status despite its spotty and unproven track record.

Could that have anything to do with the fact that 9 of the 50 doctors on the NIH panel setting its covid-19 treatment guidelines work for Gilead Sciences?

The conflicts of interest and profit motives rampant among our policymakers are extremely concerning. Something is not right here…

Don’t forget to get your free download of Peak Prosperity’s book Prosper!. .

Olduvai IV: Courage
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Olduvai II: Exodus
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