It has been a turbulent week. More evidence is coming out that I was right about the Wuhan Coronavirus, but being right isn’t making me happy. A shell-shocked economy continues to decline. Social distancing is looking like a new mantra for aspiring socialists. Free speech is ending. Riots have broken out over the police killing of George Floyd, and the riots look bad. Obamagate seems to be turning more serious, and the Democrats STILL want to steal the 2020 election.
And, last but not least, I finished my first installment of my next series:
It’s going to be a bumpy ride, kids.
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The Weekend Shock Letter for May 30th, 2020
YouTube shortlink: https://youtu.be/r6hbzGn5xb0
This Week’s Playlist:
Our society is entering an unprecedented level of turmoil that will shake everyone and everything. Those of us who stand on shaky foundations will fall. Those with a firm foundation will not. But, even those of us with strong foundations will suffer. And I don’t know about you, but I just don’t like suffering. Not a bit.
Unfortunately, there doesn’t seem to be a lot of ‘firm foundation’ going around.
Take our churches as an example:
How many place God and His Son at the center of their lives?
How many Christians put God before spouse, family, job, money and themselves?
Yeah. Not many.
Well, there is no firmer foundation that God, and since we’ve turned our back on Him…
What else does our society stand on?
I just don’t know how to construct a society that works, without God. Marriages don’t work without God. Family doesn’t work without God. Government and banking doesn’t work without God. Social structures don’t work without God.
Yeah, they’ll work for a short time without God, but not long term. I’m actually seeing the effects of this up-close and personal, here in Taiwan. My wife left Taiwan when she was a teenager, and she talked about society’s concept of god. (And yes, god with a ‘lowercase g’.) Because the Taiwanese believed in a deity that would punish them for wrongdoing, Taiwanese society was far more honest than it is today. And, things are getting worse.
Taiwan is still better than the US, but she is following America’s lead. And, that ‘lead’ is all downhill. And, because the economy will continue to decline, this loss of moral foundation will lead to more and more violence. Moral values put limits on violence, and I don’t see any limits in the riots that started in Minneapolis.
What was it that Jesus said about this?
That’s right, this:
And because iniquity shall abound, the love of many shall wax cold.
You can’t have love without moral values. You just can’t, because love is about choosing to sacrifice your own desires for the needs of others. And, you can only get to that kind of love with moral values. But, you can’t have moral values without God.
Some have tried to build a case for ‘moral values’ without God, but it just doesn’t work. History proves that. Time after time, people have tried to create a society that didn’t have God in it, and they failed. Every. Single. Time.
With such a track record of failure, you’d think that they’d just give up trying to erase God from society. But, morons will be morons, so expect more moron-ism.
So please, everyone, if you’ve been a moron and have taken God out of first place in your life, now is the time to change that. Only morons put God second, so stop that.
Now, what else….
Oh yes. I finished part one of Where We Go From Here. It didn’t go like I planned. I wanted to talk about the economy, but wound up talking about the idea of money and what caused this idea to change in our minds. We really do need to understand this concept because money will be part of how the New World Order morons will try to take over.
And yes, they’re morons, ‘cuz they are doomed to fail. But, that’s a topic for another time.
When the Antichrist and his Beast System rise, he will have a far more perfect solution for dominating the world. And a big clue about this will be found, here:
And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
Money is one way that the elites have dominated the world, and the Antichrist will perfect that domination. It certainly won’t be the only thing that he does, but it will certainly be a cornerstone of his plans.
Lord willing, I will actually get to the economy, what it means and where it’s going, next week.
Now, let’s get into some of the links that I saw this past week. Again, if you see articles or videos that I missed, let me know in the comment section. And, don’t hesitate to tell me how I got something wrong. I’ll want proof, but I will appreciate those who do that.
I Was Right, But It Doesn’t Make Me Happy To Say That
I normally do not like being right on what I write. I do not like doom and gloom writing. In fact, I hate it. I’m just thankful that my timing is bad.
Never trust my timing. Never.
But, there is one thing that I am very glad to be right about:
The Wuhan Coronavirus.
It was not – and is not – as bad as the government experts claimed that it was. And, I stress GOVERNMENT experts. The NON-government experts who actually knew what they were talking about, tended to get it right.
I started yelling about the need to not get hysterical over this virus, but no amount of yelling is going to shut down mass hysteria, once it takes hold. You just need to wait for it to burn itself out.
Unfortunately, the government responded to the hysteria by destroying our economy and way of life. We were doomed, anyway, but we could have held off the economic collapse until next year, or the year after. But, we couldn’t wait, so here we are.
Anyway, we have some great articles on the subject. And, the first one is from The American Institute for Economic Research, or AIER:
Gregory van Kipnis did a thorough examination of the death rates from COVID-19 and found very little difference between the Wuhan Coronavirus and Influenza. Yes, they are different viruses, but their death rates are remarkably similar.
And then, Daniel Horowitz from the Conservative Review looked at the CDC results and came to the same conclusion:
And, he says this:
The CDC just came out with a report that should be earth-shattering to the narrative of the political class, yet it will go into the thick pile of vital data and information about the virus that is not getting out to the public. For the first time, the CDC has attempted to offer a real estimate of the overall death rate for COVID-19, and under its most likely scenario, the number is 0.26%. Officials estimate a 0.4% fatality rate among those who are symptomatic and project a 35% rate of asymptomatic cases among those infected, which drops the overall infection fatality rate (IFR) to just 0.26% — almost exactly where Stanford researchers pegged it a month ago.
For this, we destroyed the economy, and destroyed the lives of hundreds of millions of people. For all the years that I’ve been writing about the eventual collapse of our economy and civilization, I never expected the world to end in such a shameful and stupid way.
We are SUCH MORONS.
But, there’s more, this time from 21st Century Wire:
That should tell us something, but it won’t – at least, it won’t mean anything to our ‘dear leaders’.
Did you know that the governor of New York actually demanded that those residents suffering with COVID-19, be allowed to return to their nursing homes?
His chances for becoming President in the upcoming election, just went to zero. How disgusting.
And, I’m even MORE disgusted by how my favorite place on the planet – Israel – handled this pandemic. And, I’m not the only one.
In this article, Dr. Yoram Lass, who was Israel’s Minister of Health between 1992 and 1996, for the Labor Party, is thoroughly disgusted by how this was handled:
I’m astounded that a Labor Party politician (and physician and scientist) could be so logical. There aren’t very many Israeli politicians that I like, but now there’s another one. Yoram Lass.
And, let’s not forget the psychological toll that all of this has had – and will have – on people. Michael Snyder talks about this on his website, End of the American Dream:
If I didn’t have faith in God, I would probably want to commit suicide myself if my life was as completely destroyed as theirs. We’re talking about the complete destruction of hopes and dreams for hundreds of millions of people in America. And, far too many of them do not see how they’ll be able to recover from what has happened to them.
The death of hope is a killer, especially when all that you have to look forward to is never ending misery.
Dr. Klajdi Bregu adds to what Michael Snyder says in his own article on Mises Wire:
There are three ways that this insane lockdown is killing people:
Deaths of Despair
Deaths Due to Lack of Preventive Care
Deaths Because of Hunger and Malnourishment
We’ve already seen the first two, but the third is coming. And, it will be bad.
It drives me nuts when I think that we could have prevented so much of this. But, wait… there’s something MORE that’s making me crazy:
The assault on hydroxychloroquine.
They are deliberately using poorly designed and administered studies to discredit the use of hydroxychloroquine (HCQ) taken with zinc and azithromycin. And, it appears that India has realized that HCQ actually works. Here’s there article:
The Indian Council of Medical Research (ICMR) has seen good and effective results. But, you won’t see any of that in the mainstream media. They want you terrified and buying expensive medications from Big Pharma.
How sickening. That’s right, Big Pharma makes me sick!
The End Of Free Speech
If you saw my post on the crisis of financial confidence, you’ll know that our idea of money is in crisis – a crisis of confidence. You don’t see it right now, because these things get started slowly before accelerating. But, it’s there. And, as this crisis of confidence gathers steam, governments will respond with a stronger and stronger attempt to suppress your right to speak out about this.
They literally don’t have any other choice. After all of the corruption and mismanagement, their only way to stay in power is to lie and lie and lie and lie some more – and to suppress any information that would reveal the fact that they lied.
They have already laid the ground rules with terms like ‘hate speech’ and ‘terroristic threats’. And, France is leading the way in that area:
But, what happens when it starts to become apparent that the government lied and mismanaged this entire pandemic?
What will happen when people are angry that they no longer have a job or enough food to eat?
The government will do its best to silence you. You will not be allowed to speak. You just won’t. And, they will enlist the help and assistance of the high tech companies in social media to make sure that your voice is never heard.
Right now, you still have some free speech left. Some. But, as the economic collapse gathers steam, what little that you have left will disappear. You can count on it.
Yes, Trump is pushing back against censorship on social media, and I’m glad to see that he’s forcing them to act more responsibly. He’s focusing on Twitter, but it’s big problem everywhere in mainstream social media.
Here are 33 Examples of Twitter’s Anti-Conservative Bias from News Busters – and just the highlights:
What Twitter Has Done to Trump:
Fact-checking Trump’s tweets
Censorship of pro-Life Team Trump videos
No enforcement of policy for Democrats
Labeling simple photos of Trump as “sensitive content”
Removing Trump’s Twitter account (President Trump’s personal Twitter account had disappeared in 2017 for 11 minutes)
How Twitter Has Treated Other Conservatives:
Preventing a pro-life election ad
Senator Mitch McConnell’s campaign video
Candace Owens censored
Trump’s attorney censored
Turning Point founder Charlie Kirk censored
Fox News host Laura Ingraham censored
Conservative journalist censored
Conservative actor and Trump supporter censored
Conservative sites locked out
Another site banned for “platform manipulation” violations
Failure to enforce consistently
Criticism of Bernie Sanders is “sensitive content”
113 prominent conservatives censored between 2015-2019
How Twitter Defends the Left:
Protecting Joe Biden
Promoting liberal values
Protecting Alexandria Ocasio-Cortez
Working with Planned Parenthood
Preventing discussion about transgender ideology
Protecting former Rep. Katie Hill
Protecting liberal journalists from “Learn to code” (and yeah… disgusting!)
What Twitter Has Failed to Enforce:
Violence and doxxing from Antifa
Calls for violence against children
Chinese propaganda and misinformation
Terrorist recruiter’s video
Anti-Hong Kong protester propaganda
Noted anti-Semite Rev. Louis Farrakhan
China’s accusations against the U.S. go unchecked
Twitter’s Investment in Leftist Ideology:
Twitter partners with academics who called RNC speeches “hate”
Read the article itself, to see the details, but I hope that you have strong stomach. This obscene bias is thoroughly disgusting.
Oh, and the irony is that The Left is starting to realize that THEY are vulnerable to censorship, too:
How ironic. They don’t like ‘The Patriot Act’ and are being censored for it. Well, the left had better get ready for more of this.
Three Important Articles from Martin Armstrong
Of all the posts that Martin Armstrong made this past week, there were three that stood out:
They are such required reading that I will reproduce them here. But, you should bookmark his site and read everything that he says. I don’t know anyone outside of the Bible who has a clearer understanding of what is happening now and where we are going.
As I have said often, I have been repeatedly wrong on timing.
Martin Armstrong has not.
You ignore Martin at your peril.
In discussions behind the curtain, it appears that there is also a hidden agenda to embrace Bill Gates’ virus for the purpose of suppressing our freedom. The Marxist Socialist Model that took over the world beginning with the Progressive Era at the turn of the 19th century is collapsing.
The unfunded liabilities and the perpetual model of borrowing with no intention of paying anything back are all coming to an end. It appears that there are people who foresee civil unrest becoming the real new norm as people realize that all the promises cannot be fulfilled.
The high-tech companies are rushing to get into the new market of social distancing apps, which the governments are covertly supporting as they did with cryptocurrencies to get people accustomed to surrendering all freedom. There is a deep-seated suspicion rising against Bill Gates where 40% of Republicans believe he is using the virus to implant tracking devices in the population as he has done in India. Meanwhile, we have government fining people €1000 euros for breaking social distancing regulations by taking a walk.
The exploitation of this virus is transforming society into a prison camp, and is no different from what I personally saw when I went behind the Berlin Wall before it fell. We have an onslaught on free speech as YouTube has now removed Michael Moore’s documentary, Planet of the Humans, on the fallacy of Climate Change. YouTube claimed the video violated a copyright infringement made by the British activist Toby Smith who just wants any dissent suppressed and is against free speech when it disagrees with him. We know there is a civil war coming when people try to suppress free speech — that is always the end result of left-wing tactics.
There is also consideration behind the curtain in Europe to PREVENT capital flight from the euro to the dollar. Europe may now default on all outstanding debt, converting it to PERPETUAL BONDS that will never need to be redeemed, and only pay artificially low interest rates forever. They are also looking at making gold illegal as was the case under Roosevelt in 1933.
Anyone who thinks that politicians are actually representing them must still believe in Santa Claus. Within 30 days of issuing gold back-bonds, which were sold in small denominations to the public, the Congress, with a stroke of a pen, repudiated the terms of the bonds. Suddenly, gold was now illegal. The bonds you just bought, assuming they were secure against inflation, were suddenly devalued. Anyone who thinks Europe will not do the same when they have ZERO choices remaining on the table is simply delusional.
The “new norm” is directed at preventing an uprising. They could care less about some pretend virus with a death rate of less than 2%. This is the marked excuse and the mainstream media is there to sell the “new norm,” which is rapidly taking shape as the old East German system of divide and conquer. Even our children will no longer be allowed to play together at school. EVERYTHING is being reshaped into something much more like a concentration camp as we are denied the right to free speech.
Welcome to the real battleground for the 2020 election. This is going to get very ugly. We have Joe Biden calling Trump a fool because he does not see masks as effective. Of course, CNN facts checks only Trump, but they never check Biden. Fact-checking itself is becoming just propaganda relabeled.
There is little doubt that face masks will not protect people for they are touching all sorts of things. There were even two studies on face masks. One study examined the effect of masks on seasonal coronaviruses (which cause many cases of the common cold) and found that surgical masks are helpful at reducing how much of a virus a sick person spreads. The other looked particularly at SARS-CoV-2 and found no effect of either surgical or fabric masks on reducing virus spread, but only had four participants and used a crude measure of viral spread.
Hertz has now joined the ranks of filing for bankruptcy as this lockdown has caused car rentals to crash to virtually zero. Of course, Climate Change activists led by Bill Gates are celebrating. They cheer every bankruptcy they have managed to create with the absurd lockdowns were the first time in history you quarantine the entire population rather than just those who are sick.
The total economic destruction we have said is about $30 trillion in businesses. If we add real estate which cannot be sold, that is most likely $35-$45 trillion. Then add on top of that the coming wave of sovereign bond defaults which will include emerging markets that have witnessed their exports collapse. Global GDP is about $90 trillion. The global bond market is about $100 trillion.
Commercial Real Estate is worth about $32 trillion and Agricultural Real Estate about $27 trillion. Total residential Real Estate is about $170 trillion at the end of 2019. If we have to put a number of that we reach about $230 trillion.
The total world equity market at the end of 2019 was nearly $90 trillion.
Therefore, if we add up what I call Capital Formation, this is the combination of real estate, equities, and bonds. This number works out to be about $420 trillion.
Consequently, the economic contraction in just the current GDP of $90 trillion is about $30 trillion, and Capital Formation is probably about $120 trillion illiquid out of $420 trillion if they even tried to sell. Anyone who thinks that governments can possibly stimulate their way out of this or create hyperinflation by spending even $10 trillion are not taking into consideration the full scope of this economic collapse.
There is NO POSSIBLE way to restore the economy. We are NOT putting Humpty Dumpty back together again. Life has changed and the store all have their Social Distancing signs and plexiglass shield with employees all in masks despite the fact that the CDC at the outset said masks will not prevent you from getting any virus. They are used in Asia by people who were sick, not the other way around. You touch things and that is good enough with any virus. As one reader said, they wear masks when driving alone which is like wearing a condom while sleeping alone. That is the average mentality of people who just believe whatever they say on TV.
Even just a 10% correction of this magnitude across all sectors amounts to $42 trillion. There is NO AMOUNT of stimulus that will prevent an economic contraction into 2022. This will be a STAGFLATIONARY trend because this insane lockdown has also seriously reduced the world’s capacity to produce food. Food prices overall are rising faster than anyone realized. The increase last year was only 1% whereas this year the increase is touching 3% in just 8 weeks. This is the direct result of the destruction of the capacity to produce food which will threaten a rising famine over the next two years as well.
We must understand one thing. This is an absolutely all-out major assault upon capitalism being led by the Socialists in union with the Climate Change and the Gates Foundation which has also been pushing the democratization of paper money. This means they are no about to allow any alternative to their agenda. This goes beyond the massive voter fraud we see coming for the 2020 election in the USA. As mentioned, Pelosi has snuck in the creation of a digital dollar, which Trump removed. They are out to remove Trump for their Socialist-Climate Change Agenda and Bill Gates will create a tracking system as he openly admits the government will know where you are are all times.
They are out to eliminate what they consider the black-economy. Look at places like Australia which have embraced Bill Gates. He just donated $10 million to launch a vaccine in Australia. They have made it a criminal act to even pat with $10,000 or more in cash. In Europe, it should come as no surprise that people are buying gold against the Euro democratization which is coming for that is the ONLY way out for the ECB which is trapped in this insane negative interest rate position.
It was Bill Gates that advised India to cancel its currency. Gates has used India and Africa as his Guinea Pig for his vaccines and his New Green World Order. Bill Gates already has 1 billion Indians already tagged biologically and they can be tracked even if they move. He is hell-bent on tracking every person on the planet. What’s next? Permits to have children?
The EU authorities will attempt at some point to demonetize gold, making it illegal to own as a private individual similar to that of what Roosevelt did in 1934 to Americans. They will do this to remove any path of resistance to their socialistic agenda.
I truly hope that you’ll be ready for this
A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished. – Proverbs 22:3
If you find a flaw in my reasoning, have a question, or wish to add your own viewpoint, leave a comment on the website. Your input is truly welcome.
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