The “New Normal” Is De-Normalization

By Charles Hugh Smith

Source: Of Two Minds

Here’s what denormalization means: there was no “New Normal” for the dinosaurs.

Everyone talks about the “New Normal,” as if there’s a guarantee that life will return to normal. But the “New Normal” is De-Normalization, which I define as everything that was normal is gone and will not be replaced with some new normal. In other words, normal is gone, done, over: old normal, new normal, doesn’t matter: normal is history.

Denormalization is currently used to describe a database optimization process, but it’s too valuable a concept to be limited to a narrow geekspeak term.

What I mean by Denormalization is the complete dismantling of what was taken for granted as normal and the loss of any future version of normal. Consider sports as an example. We all know the Old Normal that millions hope will magically return: $100 million player contracts, millions in TV ad revenues, pro franchises worth billions of dollars, NCAA playoffs, etc.: a dominant kingdom in the nation’s media and mindshare.

The dirty little secret that troubled the kingdom long before Covid-19 was a steady erosion in attendance at live games and in the viewing audience. Younger generations have relatively little interest in all the trappings and habits of Boomer sports manias. They’d rather watch the 3-minute highlight video on their phones than blow half a day watching games that are generally lacking in drama and are largely replaceable with some other game.

What few seem to notice is that the Old Normal had become insanely expensive, irksome and boring, activities that were habits coasting on momentum. Those embedded in the Old Normal acclimatized to the absurdly overpriced seats, snacks, beer, parking, etc. of live events and the insanely long commutes required to get to the venue and then back home, as their happy memories of $5 seats decades ago is the anchor of their lifelong devotion and habits.

The old fans coasting on ritual habituated to the cookie-cutter nature of the games, while those who never acquired the habit look with amazement at the seemingly endless dull progression of hundreds of interchangeable sporting events.

Advertisers will eventually notice that younger generations never acquired the habit of worshipping sports and so there is nothing to stem the collapse of the Old Normal but older fans, some percentage of whom will find they don’t miss it once they fall out of the habit.

Some other percentage will find they can no longer afford to attend live games, or they’ll realize they no longer feel it’s worth it to grind through traffic or public transit just to sit for additional hours and then repeat the entire slog back home.

Another percentage will suddenly awaken to the artifice of the whole thing; they will simply lose interest. Others will finally realize the corporate machine (which includes college sports) has long since lost any connection to the era that they remember so fondly.

This same Denormalization will dismantle fast food, dining out, air travel, healthcare, higher education and innumerable other iterations of normal that have become unaffordable even as the returns on the lavish investments of time and money required diminish sharply.

How many of you deeply miss air travel? You’re joking, right? Only certifiably insane people would miss the irksome hassle and discomfort, from the endless delays due to mechanical problems (don’t you people keep any spare parts, or is it all just in time like every other broken system in America?), the seats that keep getting smaller as the passengers keep getting larger, the fetid terminals, and so on.

Like all the other iterations of normal, the entire experience has been going downhill for decades, but we all habituated to the decline because we were stuck with it.

What few seem to understand is all the Old Normal systems can’t restabilize at some modestly lower level of diminishing returns; their only possible future is collapse. Just as fine-dining restaurants cannot survive at 50% capacity because their cost structure is so astronomical, the same is true of sports, airports, airlines, cruise lines, fast food, movie theaters, healthcare, higher education, local government services and all the rest of the incredibly fragile and unaffordable Old Normal.

None of these systems can operate at anything less than about 80% of full capacity and customers paying 80% of full pop, i.e. full retail. Since their fixed cost structures are so high, and their buffers so thin, there’s nothing below the 80% level but air, i.e. a quick plummet to extinction.

Here’s what denormalization means: there was no New Normal for the dinosaurs. A few winged species survived and evolved into the birds of today, but that is by no stretch of the imagination a New Normal that included all the other dinosaur species. For them, denormalization meant extinction.

De-Normalizationeverything that was normal is gone and will not be replaced with some new normal. Normal is gone, done, over: goodbye to all that.

 

Era of US Domination of Latin America Coming to an End

Marcha en Venezuela contra las sanciones de Trump (Reuters)

By Kevin Zeese and Margaret Flowers

Source: Dissident Voice

Despite its failings at home, the United States intervenes in countries across multiple continents seeking to control their governments and resources.

This week, we look at the US’ latest efforts in Nicaragua, Venezuela, and Bolivia to undermine their independence and force them to serve the interests of the US government and transnational corporations.

In all three countries, the US has displayed a lack of understanding of the people and their support for their revolutionary processes, and as a result, is failing. As US empire fades, so might the Monroe Doctrine come to an end.

Sandanista- FSLN rally in Nicaragua

Nicaragua: USAID Multi-Year Destabilization Plan Exposed

A US Agency for International Development (USAID) document revealed by reporter William Grigsby describes covert plans to overthrow the democratically-elected Nicaraguan government in the next two years. USAID seeks to hire mercenaries “to take charge of the plan . . . to disrupt public order and carry out other [violent] actions before, during, and/or after the 2021 elections.”

USAID is creating Responsive Assistance In Nicaragua (RAIN), allotting $540,000 in grants to remove the Sandinista government in what it calls “Nicaragua’s transition to democracy.” Daniel Ortega won the 2016 election with 72 percent of the vote in what election observers from the Organization of American States (OAS), a US tool, described as taking “place in a calm, smooth and pacific manner, with no large incidents.”

Brian Willson, who has opposed US efforts to dominate Nicaragua since the 1980s Contra war, concludes the US realizes Ortega will win the 2021 election. In fact, this week, a poll showed support for Ortega’s party, FSLN, at 50% and for the opposition at 10%. One of USAID plans, as they tried in Venezuela in 2018, is for the opposition to boycott the election since they know they will lose, then call it illegitimate and create a political and economic crisis.

The real goal is not a democracy but domination so US transnational corporations can profit from the second poorest country in the hemisphere by putting in place a neoliberal economy to privatize public services, cut social services, and purge all traces of the Sandinistas. USAID also plans to “reestablish” the police and military to enforce their rule. Another goal is to stop Nicaragua from being the “threat of a good example” for its economic growth, reduction of inequality, poverty, illiteracy and crime.

Ben Norton points out in the Grayzone that “the 14-page USAID document employed the word ‘transition’ 102 times” making clear the intent is regime change.  A “sudden transition without elections,” a euphemism for a coup, is one of three possible regime change scenarios.

John Perry writes about “US interference in Nicaragua, going back at least as far as William Walker’s assault on its capital and usurpation of the presidency in 1856.” Since the 1979 Sandinista Revolution, the US has sought to take back control of Nicaragua.

USAID and its National Endowment for Democracy (NED) have been funding the opposition. NED financed 54 projects from 2014-17 to lay the groundwork for a 2018 coup attempt, which  also involved USAIDWiston Lopez writes the US has provided “more than 31 million dollars between the end of 2017 and May 1, 2020.” When the attempted coup in 2018 failed, the US also put in place illegal unilateral coercive measures, known as economic sanctions, supported by both Democrats and Republicans, to try to weaken the country.

The USAID’s RAIN program outlines the usual regime change steps; e.g., remake the police and military as enforcers of the new neoliberal order, move “quickly to dismantle parallel institutions”; i.e., the Sandinista Front, the Sandinista Youth, and other grassroots institutions, and implement “transitional justice measures”; i.e., the prosecution of current government officials and movement leaders.

A new area of attack is a disinformation campaign against Nicaragua’s handling of COVID-19. The opposition misrepresents the government’s response and puts forward false death statistics in an attempt to create chaos. As Wiston López points out, “Since March the US-directed opposition has focused 95% of their actions on attempting to discredit Nicaragua’s prevention, contention, and Covid treatment. However, this only had some success in the international media and is now backfiring since Nicaragua is the country with one of the lowest mortality rates in the continent.”

The US media fails to report on the success of Nicaragua in combating the virus using a community-based health system. Nicaragua has been building its health system for the last 12 years and took rapid action to prepare for the virus. Nicaragua did not impose a lock down because it is a poor country where 80 percent of people are in the informal economy and 40 percent live in rural areas. People must work in order to eat.

Stephen Sefton puts the failure of the United States so far in context. At its root, the US does not understand the people of Nicaragua, their history of fighting US domination, and their ability to overcome right-wing puppets. It also misunderstands what the Sandinista government is doing to better the lives of the people in every sector of the economy. Sefton concludes, “The US government has failed notoriously to meet the needs of its own people during the current pandemic but can still find money to try and destroy a small country whose success makes US social, economic and environmental policy look arbitrary, negligent and criminal.”

Nicolas Maduro kicks out Donald Trump (Photo by Ben Norton

Venezuela: Bipartisan Failed Regime Change

Ever since the 1998 election of Hugo Chavez, successive US administrations have tried and failed to dominate Venezuela. The bipartisan nature of this policy was on display on August 4, when Elliot Abrams, the notorious coup-monger for multiple presidents, testified in Congress. Not a single Senator criticized the attempt to illegally overthrow a democratically-elected government.

Abrams was criticized by both Democrats and Republicans for his inability to remove President Maduro from power. Senator Chris Murphy (D-CT) was most open about the coup attempt describing it as “a case study in diplomatic malpractice” and claiming Trump botched a winning play in a comedy of errors that strengthened Maduro. After the hearing, Murphy posted a series of Tweets admitting the coup and how it could have been done better.

clip from Murphy’s embarrassing comments was shared widely including by the Venezuelan Vice President Delcy Rodríguez and Foreign Minister Jorge Arreaza. When Vijay Prashad asked Arreaza his reaction, he described the US openly admitting crimes and said the “confessions” of Murphy, Gen. John Kelly, John Bolton, and Elliot Abrams “are priceless evidence for the complaint we raised at the International Criminal Court.”

Elliot Abrams testified that he would continue to work very hard to remove Maduro hopefully by the end of the year.  This echoed a statement by President Trump at SouthCom headquarters in Florida. Sen. Murphy’s comments are consistent with those made by Joe Biden who says he would be more effective at removing Maduro than Trump. Biden described Trump as soft on Maduro because he considered talking to him.

Elliot Abrams announced the US will be starting a media war against Venezuela. The reality is the US has been conducting a media war against Venezuela for more than 20 years.

Venezuela is moving ahead with elections for the National Assembly on December 6, 2020. Unlike 2018, more parties are agreeing to participate including the larger Democratic Action and Justice First parties, as well as a new Communist Party alliance and the hard-right Popular Will party, which was US puppet Juan Guaidó’s former party. There will be 105 political parties contesting for 277 National Assembly seats, 110 more than the current term. Venezuela uses a combination of majority winners and proportional representation. Venezuela also requires half the candidates to be female, and they use electronic voting confirmed by paper ballots with a public citizen audit on Election Day.

Juan Guaidó and others allied with the United States said they would boycott the election. Guaidó cannot risk running because he is likely to be defeated. The US is encouraging a boycott and then will claim the election was not legitimate as it did in the last presidential election. After December, Guaidó will not hold any elected office making his fraudulent claim to the presidency even weaker.

These events come after two major embarrassments for the US in Venezuela. Operation Gideonan attempt by mercenaries to invade Venezuela was foiled on May 4, leading to their arrests and the arrests of their co-conspirators. The State Department abandoned the mercenaries, and this week two former Green Berets were sentenced to 20 years in prison after admitting their guilt. It was evident that Guaidó was heavily involved in this failure adding to his failed presidential takeover and tainting him beyond repair.

The second defeat was Iran and Venezuela working together to deliver oil and equipment for Venezuelan refineries. Five Iranian oil tankers passed by the largest US armada in the Caribbean since the invasion of Panama. Southcom has been repeatedly sending warships into Venezuelan waters. The solidarity of Iran and Venezuela overcame the naval blockade, undermined US sanctions, and sent a shudder through the US by showing other nations they can defy the United States.

Venezuela has a strong history of struggle against imperialism but the US’ economic war is costing their economy hundreds of billions of dollars and leading to the premature death of Venezuelans. In addition, the United Kingdom is refusing to release more than a billion dollars of Venezuelan gold held in the Bank of England that was to be used for food and medicine. The UK court ruled against Venezuela but they are appealing the decision.

Bolivians protest the postponement of the election

Bolivia: US Dictator Fears Democratic Vote

On November 12 2019, a US-backed coup in Bolivia removed President Evo Morales who had just won re-election. The self-proclaimed President Jeanine Añez, a right-wing Christian, leads a de facto government involved in massacres, persecution and imprisonment of political leaders. It is destroying the social and economic model and achievements of the Movement Towards Socialism (MAS Party) led by Morales.

The OAS played a crucial role in the coup with their false analysis of Morales’ re-election. The western media reported the false OAS analysis without criticism. Now, studies by MIT and the Center for Economic and Policy Analysis have shown that Morales clearly won the election and should have remained in power. For months the Washington Post claimed Morales’ re-election was a fraud, but finally, in March, it acknowledged the election was legitimate. Similarly, the New York Times admitted in July that Morales won the election.

Many have called this a lithium coup because the element is plentiful in Bolivia and critical for batteries. This was made evident when Elon Musk, the head of Tesla, said on Twitter “We will coup whoever we want! Deal with it.” Tesla would benefit from cheap and plentiful lithium for electric car batteries.

The people of Bolivia are struggling to restore democracy. The fraudulent report by the OAS led to a three-week conflict between right-wing Bolivians protesting alleged fraud and pro-government, mostly indigenous, demonstrators defending Morales. The military and police sided with the right-wing coup. The coup government threatened legislators and their families while repressing the people. There were racist attacks against the majority Indigenous population and the Wiphala, the indigenous flag, was burned in the streets. When she took power, Áñez, surrounded by right-wing legislators, held up a large leather bible and declared, “The Bible has returned to the palace.”

The US recognized the coup government, similar to its recognition of the failed coup leader, Juan Guaidó in Venezuela. Añez claimed she’d be transitory until the next election, but at the direction of the US, she is putting in place deep roots and has delayed elections.

The repression has galvanized the MAS party, as well as peasant unions and grassroots organizations who continue their struggle to restore Bolivian democracy. The pressure led to elections being scheduled. Initially, Áñez said she would not run but reversed herself and is now a candidate while she is trying to outlaw the MAS party and its candidates.

Elections were scheduled for May 3, but have been postponed twice allegedly due to the pandemic, but really because this is an ongoing coup.

It is true that the COVID-19 pandemic is hitting Bolivia hard with horror stories about people unable to get medical treatment. Immediately after the coup, the Añez government expelled the Cuban doctors. The coup-government is unable to manage the health system. Corruption is rampant in the purchase of medical equipment. The health ministry has had three ministers during the crisis. The situation is dire with overcrowded hospitals, lack of basic supplies, and corpses in the streets and in their homes with nowhere to be buried.

The coup-government is using the virus to try to delay elections because polls show the MAS candidate, Luis Arce, is far ahead and likely to win in the first round of elections with Áñez coming in a distant third. Áñez has sought to prosecute Arce to keep him from running, so far unsuccessfully.  On July 6, the Attorney General of Bolivia charged Evo Morales with terrorism and financing of terrorism from exile and is seeking preventive detention.

Since mid-July, thousands of Bolivians have been protesting the postponement of elections. They are holding sustained protests throughout the country and blocking many roads. Indigenous and peasant groups, agricultural groups, along with women and unions are joining together calling for elections.  Morales, Arce, and the MAS Party have denounced the delay.

Domination Will Not Reverse Decline

Evo Morales said in a recent interview:

The United States is trying to make Latin America its backyard forever. We know about the hard resistance of the peoples of Cuba, Venezuela, Nicaragua. The struggle of our peoples is very important. The United States wants to divide us in order to plunder our natural resources. The peoples no longer accept domination and plunder. The United States is in decline, and yet it lashes out.

The US is weakening as a global power and its failures in Latin America are both a symptom of this and are causing further decline. The US’ violations of international law are obvious and are being challenged. But the US is an empire and it will not give up the Monroe Doctrine easily.

As citizens of Empire, we have a particular responsibility to demand the US stop its sanctions and illegal interference in Latin America and elsewhere around the world. In this time of multiple global crises, we must demand the US become a cooperative member of the world community and work peacefully to address the pandemic, recession and climate crisis.

Structures to do this exist to help with this such as the global ceasefire and the Paris Climate agreement. And on the anniversary of the US bombing of Hiroshima and Nagasaki, Japan, we must add the Nuclear Ban Treaty as another effort the US must join.

Stories Of Economic Despair From America’s Worst Economic Downturn Since The Great Depression Of The 1930s

By Michael Snyder

Source: End of the American Dream

The economic pain that we are witnessing right now is far greater than anything that we witnessed during the last recession.  U.S. GDP declined by 32.9 percent on an annualized basis last quarter, more than 100,000 businesses have permanently shut down since the COVID-19 pandemic first hit the United States, and more than 54 million Americans have filed new claims for unemployment benefits over the last 19 weeks.  Up until just recently, a $600 weekly unemployment “supplement” and a federal moratorium that prevented many evictions had helped to ease the suffering for millions of American families, but both of those measures have now expired.  As a result, a tremendous amount of economic pain which had previously been deferred will now come rushing back with a vengeance.  Millions of American families are no longer going to be able to pay their bills, and experts are warning that we could soon see an “eviction crisis” that is absolutely unprecedented in American history.

48-year-old Thomas Darnell of West Point, Mississippi never thought that he would be in this position.  He had been a factory worker for over 20 years until he lost his job in May, and since then he hasn’t been able to find another.  And then on top of everything else, everyone in his house caught COVID-19…

First, he was furloughed for three weeks in April and then laid off in May. Then things got worse: His entire household of seven, including himself, his wife, three kids and daughter-in-law, along with his baby grandson, contracted coronavirus after they saw their immediate family over the Independence Day weekend.

“I’m tired and shaky. Even after a few weeks, I’m still trying to recover,” Darnell says, who has since been cleared of the virus but still has lingering symptoms.

He is concerned that employers will be scared away by his recent illness, and he is becoming desperate because he is running out of money.

With no health insurance and no paychecks coming in, Darnell and his wife have gotten to the point where they have to make a choice between buying insulin or buying groceries

He can’t afford health insurance, which has added to his anxiety because he and his wife are both diabetic, he says. Like Bolei, Darnell and his wife have been forced to make a grueling decision between either paying for their medications or keeping food on the table.

“Do we buy insulin or groceries? It’s a hard juggle,” Darnell says. “I’m willing to make less money and start working again to get health insurance, but no one is hiring.”

The weekly $600 unemployment supplements from the federal government had helped to keep them going for a while, but now those payments have ended, and the immediate future is looking quite bleak.

In Richmond, Virginia, a mother of eight named Shamika Rollins wasn’t sure how she was going to make it when her hours as a home health aid were reduced.  Unpaid bills started piling up, and then she got an eviction notice a few weeks ago.  The following comes from CBS News

Shamika Rollins’ eight children share two bedrooms in Richmond, Virginia. But she’s worried about losing their home after she says she received an eviction notice in June.

“First thing, I panic, and then next thing, I look, and I’m like, I got my kids. And it’s like, okay, now you gotta figure this out,” she told CBS News correspondent Adriana Diaz.

If a miracle does not happen, Rollins and her eight children will soon be out in the street, and this is causing her to have “a lot of sleepless nights”

“I have a lot of sleepless nights,” Rollins said. “My mind is constantly racing, you know, what’s your next move?”

Sadly, there are millions of other Americans in the exact same position.

In fact, experts are projecting that up to 40 million Americans could be evicted from their homes during this pandemic.

Many small business owners are also facing heartbreaking choices during this downturn.  A restaurant owner in Delaware named Alex Heidenberger “hasn’t paid the mortgage on his home the past four months” as he desperately tries to keep his once profitable restaurants alive…

Heidenberger, who typically draws about $20,000 a month in profit from the restaurant, now receives nothing. He says he hasn’t paid the mortgage on his home the past four months. He served lifeguard duty for a couple of weeks, mostly to help a beach crew depleted by COVID-19 quarantines but also to make some cash.

“I’m working harder than I have ever worked in my life,” he says, adding that he puts in about 80 hours a week at the two restaurants. Yet, “I have no money… This is all I think about. I don’t sleep.”

The COVID-19 pandemic has hit the restaurant industry particularly hard.  Americans are not eating out as regularly as they once did because of the virus, and it is probably going to remain that way for the foreseeable future.

In Massachusetts, a restaurant owner named John Pepper once had eight thriving locations, but at this point only two of them remain open

John Pepper used a PPP loan to pay employees and reopen four of his eight Boloco restaurants when Massachusetts lifted its shutdown order in early May. But with the money spent and business at the restaurants down as much as 70%, Pepper had to again close two locations. The staff of 125 he had before the virus outbreak is down to 50.

“A lot of this is out of our hands at this point,” Pepper says. “At this moment, I don’t see getting my full payroll back.”

Overall, we are facing a “restaurant apocalypse” in the U.S. that is unprecedented in size and scope.

According to one estimate, we could lose more than a third of all of our restaurants by the end of this calendar year

As many as 231,000 of the nation’s roughly 660,000 eateries will likely shut down this year, according to an estimate from restaurant consultancy Aaron Allen & Associates provided to Bloomberg News. This will bring the industry’s steady growth to a halt and mark the first time in two decades that U.S. restaurant counts don’t climb. Restaurants have already shed millions of jobs this year, economic data show.

What we are watching is truly horrifying.  So many hopes and dreams went into each one of those restaurants that are shutting down, and countless restaurant owners are going to be completely financially ruined by all of this.

For other Americans, this economic downturn has put their very lives at risk.  In Colorado, 70-year-old Catherine Azar was already dealing with heart problems and diabetes, and now she is in danger of being thrown out into the street

“It’s hard for me to conceive of someone being willing to put another person out in the street in the middle of a deadly pandemic, and I’m high risk. I’m 70. I have heart issues and I’m diabetic,” Azar said.

Rollins and Azar are just two of the 43 million Americans at risk of eviction in the coming months. For context, about 1 million Americans were evicted in 2010, the year after the Great Recession.

How long do you think that a 70-year-old woman with heart problems and diabetes would last on the street or in a shelter?

And as millions upon millions of Americans get evicted during the months ahead, the shelters are all going to fill up really fast.

America simply was not prepared for an economic downturn of this nature, and the truth is that much bigger challenges are still ahead.

So please do not look down on anyone that needs help right now, because soon you may find yourself in the exact same position.

COVID19, The Great Reset & The New Normal

By Derrick Broze

Source: Activist Post

Clearly, 2020 has been unlike any previous year in the last century or so. The world is currently battling against an infodemic of propaganda spewing from the corporate media and official health authorities. Yes, people are sick and dying. However, the statistics make it clear that COVID-19 simply does not warrant a total lockdown of the planet and further destruction of the economy. 

Regardless, nations around the world are using COVID-19 as an opportunity to grab more surveillance and police state powers, institute mask and vaccine mandates, accelerate the push towards a completely digital world, enact more corporate bailouts, and generally, extreme control and involvement in citizens lives. The sheer magnitude of the COVID-19 operation is unparalleled, with the most recent similar event being the attacks of September 11, 2001. As with the 9/11 attacks, the predator class is using COVID-19 as the excuse to push plans and agendas which predate the spread of the novel coronavirus.

Even so, the COVID-19 operation is unlike any other event to take place in modern history because the results of this event are affecting people in every single nation on the planet and will continue to for years to come. Also, unlike 9/11 – which took place over the course of one morning – the COVID-19 operation is taking place daily for months on end. The effects of this constant bombardment with fear and panic are taking a toll on the hearts and minds of free people all around the world. Quite simply, the people are ready for this to end and they will do almost anything to achieve this goal. It is within this space of fear and uncertainty which the predator class has now begun to insert themselves, ready to present the “solution” to our ills.

The Great Reset

As every student of power and deception knows, the easiest way to achieve victory over your opponent is to guide them to a predetermined destination which benefits your agenda. If you can do this while convincing your opponent that they are consciously making their own choices and the path is for their own good – well, you are all but guaranteed success. I believe the evidence indicates this is the strategy we are seeing unfold during the COVID-19 operation.

The predetermined path we are being led down is known as “The Great Reset” and was announced in early June by the World Economic Forum. Regular readers will remember that on October 18, 2019, the Bill and Melinda Gates Foundation partnered with the Johns Hopkins Center for Health Security and the WEF on a high-level pandemic exercise known as Event 201. Event 201 simulated how the world would respond to a coronavirus pandemic which swept around the planet. The simulation imagined 65 million people dying, mass lock downs, quarantines, censorship of alternative viewpoints under the guise of fighting “disinformation,” and even floated the idea of arresting people who question the pandemic narrative.

The launch of The Great Reset was supported by Klaus Schwab, the founder and executive chairman of the World Economic Forum; England’s Prince Charles; Antonio Guterres, Secretary-General of the UN; and Kristalina Georgieva of the International Monetary Fund. The kick-off was truly an international event with the participation of Ma Jun, the chairman of the Green Finance Committee at the China Society for Finance and Banking and a member of the Monetary Policy Committee of the People’s Bank of China. The event was also supported by Bernard Looney, CEO of BP; Ajay Banga, CEO of Mastercard; and Bradford Smith, president of Microsoft.

During the launch of The Great ResetPrince Charles stated that humanity cannot waste time because we need to put nature at the heart of how we operate.” UN Secretary-General Guterres called for “more equal, inclusive and sustainable economies and societies” that can face pandemics, climate change, and other global challenges.

In an opinion piece published in The Globe and Mail, Klaus Schwab provided more details on the goals of The Great Reset (emphasis added):

COVID-19 lockdowns may be gradually easing, but anxiety about the world’s social and economic prospects is only intensifying. There is good reason to worry: a sharp economic downturn has already begun, and we could be facing the worst depression since the 1930s. But, while this outcome is likely, it is not unavoidable.

To achieve a better outcome, the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a “Great Reset” of capitalism.

Schwab goes on to describe several crises facing humanity, including rising government debt, unemployment, and increasing social unrest. Combined with COVID-19, these crises will leave the world less sustainable, less equal and more fragile. “We must build entirely new foundations for our economic and social systems,” Schwab writes. He details the 3 main components of TGR agenda, specifically fairer market outcomes, investments in “equality and sustainability,” and harnessing the innovations of the Fourth Industrial Revolution.

When it comes to producing “fairer market outcomes,” Schwab calls for governments to improve coordination in tax, regulatory, and fiscal policy. He also calls for upgrading trade agreements and moving towards a “stakeholder economy.” When he speaks of equality and sustainability, Schwab means that current and future government stimulus and relief packages should be used to create a new system that is “more resilient, equitable and sustainable.”  He also calls for more “green” urban infrastructure and incentivizing industries to improve their environmental record.

Finally, Schwab calls for utilizing the innovations of “the Fourth Industrial Revolution” to support public good. The 4IR is another pet project of Schwab which was first announced in December 2015. To put it simply, the 4IR is the digital panopticon of the future, where digital surveillance is omnipresent and humanity uses digital technology to alter and, hopefully, improve our lives. Sometimes known as “The Internet of Things,” this world will be powered by 5G and 6G technology.

“Ubiquitous, mobile supercomputing. Intelligent robots. Self-driving cars. Neuro-technological brain enhancements. Genetic editing. The evidence of dramatic change is all around us and it’s happening at exponential speed,” Schwab wrote for the announcement of the 4IR.

Of course, for Schwab and other globalists, the 4IR also lends itself towards more central planning and top-down control. The goal is a track and trace society where all transactions are logged, every person has a digital ID that can be tracked, and social malcontents are locked out of society via social credit scores.

In fact, much of this call for a Great Reset is already playing out. For example, Mastercard and the Bill and Melinda Gates Foundation-funded GAVI recently announced a partnership with AI-powered “identity authentication” company, Trust Stamp. As MintPress News reported, “The program, which was first launched in late 2018, will see Trust Stamp’s digital identity platform integrated into the GAVI-Mastercard “Wellness Pass,” a digital vaccination record and identity system that is also linked to Mastercard’s click-to-play system that powered by its AI and machine learning technology called NuData.

This is why astute readers are skeptical when they hear Schwab say, “the pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world to create a healthier, more equitable and more prosperous future.”

Who exactly is Schwab speaking to when he speaks of a more prosperous future? How long has this Great Reset been in the works? The answers to these questions can help us understand the true goals of this agenda.

As researcher Brandon Smith reportedChristine Lagardeformer head of the IMF, discussed a global reset as far back as 2014. “The reset is often mentioned in the same breath as ideas like “the New Multilateralism” or “the Multipolar World Order” or “the New World Order.” All of these phrases mean essentially the same thing,” Smith writes.

Smith correctly notes that the Great Reset is not a response to the pandemic, but rather, “the global reset as implemented by central banks and the BIS/IMF is the cause of the collapse. The collapse is a tool, a flamethrower burning a great hole in the forest to make way for the foundations of the globalist Ziggurat to be built.”

New Normal, Same World Order

In early July, Schwab and French author Thierry Malleret released a book outlining the vision of The Great Reset. The book, Covid-19: The Great Reset, explores what the post-pandemic world might look like. “Will there be enough collective will to take advantage of this unprecedented opportunity to reimagine our world, in a bid to make it a better and more resilient one as it emerges on the other side of this crisis?,” Schwab and Malleret pondered at the release of the book. The two men believe COVID-19 triggered “momentous changes and magnified the fault lines that already beset our economies and societies.” They also predict that falling oil prices and a freeze in tourism could lead to a wave of massive anti-government demonstrations.

“One path will take us to a better world: more inclusive, more equitable and more respectful of Mother Nature. The other will take us to a world that resembles the one we just left behind – but worse and constantly dogged by nasty surprises,” the authors argue.

In the book, Schwab expands upon the initial announcement of The Great Reset. Once again he calls for the 4th Industrial Revolution and the digitalization of everything, powered by 5G technology. However, Schwab goes even further in his book, calling for rethinking the “social contract” society has with governments.

Schwab also calls for a nature based or green economy. In January 2020, the WEF released their report, Nature Risk Rising: Why the Crisis Engulfing Nature Matters for Business and the Economy, as part of their New Nature Economy series of reports. The report is “the first of a series of New Nature Economy reports, prepared through the Nature Action Agenda, a platform that aims to encourage a movement of businesses, governments, civil society, academics, innovators and youth to disrupt business-as-usual approaches.”

A second report, The Future of Nature and Business, was released in July. Once again, the WEF states that COVID-19 presents an “opportunity, to change the way we eat, live, grow, build and power our lives to achieve a carbon-neutral, ‘nature-positive’ economy and halt biodiversity loss by 2030. Business as usual is no longer an option.

In a companion report, the WEF provides some detail on what it means to change the way we eat. Another set of policy measures that would stimulate more resource-efficient food systems entail directing stimulus packages towards R&D to support the diversification away from diets based on resource intensive animal proteins, and towards four main categories of alternatives – aquatic, plant-based, insect-based and laboratory-cultured,” the report states. This push for alternatives to animal proteins has coincided with a rise in laboratory created fake meat, including products funded by the Bill and Melinda Gates Foundation. 

Interestingly, the companion report also calls for “corporate bailout packages for the meat sector” which “could accelerate these developments.” Coincidentally, because of COVID-19, the Trump administration awarded $15.5 billion in relief aid for the meat and dairy industry. Once again, the predictions and declarations of these global institutions appear to play out in reality as perfect as any scripted TV show.

The calls for a Great Reset greatly mimic previous programs and initiatives put forward by other globalist organizations, including the United Nations. Researcher F. William Engdahl provided much-needed clarity in a recent piece on the announcement of The Great Reset. Engdahl notes that, “the declaration by the World Economic Forum to make a Great Reset is to all indications a thinly-veiled attempt to advance the Agenda 2030 “sustainable” dystopian model, a global “Green New Deal” in the wake of the covid19 pandemic measures. Their close ties with Gates Foundation projects, with the WHO, and with the UN suggest we may soon face a far more sinister world after the covid19 pandemic fades.”

Strategic Intelligence, Strategic Partners, and Event 201

In March, the WEF launched the COVID Action Platform which is essentially a call for global government in response to COVID-19. The answer, WEF believes, is to have greater global cooperation, move away from the nation-state, and tackle the world’s problems as one international community.

Along with the launch of the Action Platform, the WEF released an impressive graphic as part of their “Strategic Intelligence” platform, which outlines the wide ranging ways their plans will effect and shape the world of the 21st century and beyond. From the media’s role in the pandemic to finding a vaccine, the graphic attempts to provide details on this centrally planned future being promoted by the WEF. I encourage all readers to spend an evening going down the rabbit hole that is the COVID Action Platform for a better understanding of where we are headed.

With the launch of The Great Reset, the WEF also launched a Strategic Intelligence graphic detailing how their plans will unfold. The Great Reset graphic details how everything from drones, blockchain, the future of energy, LGBTI inclusion, and 3D printing will play a role in the New Normal. Once again, I encourage readers to take a dive into this graphic to gain clarity on what the WEF and their partners have planned for the coming decade.

The WEF promotes itself as the “International Organization for Public-Private Cooperation.” They partner with a variety of private companies, philanthropic outlets, and governments to achieve their goals. Researcher Steven Guinness recently outlined how the WEF partners with various institutions to accomplish their stated aims and how the Strategic Intelligence platform is “co-curated with leading topic experts from academia, think tanks, and international organizations.”

“‘Co-curators‘ are perhaps the most important aspect to consider here, given that they have the ability to ‘share their expertise with the Forum’s extensive network of members, partners and constituents, as well as a growing public audience,’” Guinness writes. “It is safe to assume then that when co-curators speak, members and partners of the World Economic Forum listen. This in part is how the WEF’s agenda takes shape.”

As Guinness notes, the co-curators of the Strategic Intelligence road map of the globalist vision include Harvard university, the Massachusetts Institute of Technology, Imperial College London, Oxford University, Yale and the European Council on Foreign Relations. Several of these institutions continue to play an influential role in shaping the narrative around COVID-19.

The WEF’s highest level of partnership is known as Strategic Partners. There are only 100 international companies listed as Strategic Partners. Each partner receives an invitation if they have “alignment with forum values.” These partners “shape the future through extensive contribution to developing and implementing Forum projects and championing public-private dialogue.”

The WEF’s Strategic Partners include Johnson & Johnson, and the Bill and Melinda Gates Foundation. Bill Gates is also a long time “Agenda Contributor” for the WEF.  As mentioned above, the Bill and Melinda Gates Foundation partnered with the Johns Hopkins Center for Health Security and the WEF on the Event 201 pandemic exercise in October 2019. Johnson & Johnson were also partners in the exercise.

As TLAV has previously documented, the Bill and Melinda Gates Foundation operates in a similar fashion to the WEF: their publicly stated goals mask a global control agenda. Thus, it should come as no surprise that Klaus Schwab, founder of the WEF, is a former attendee and member of the Steering Committee for the secretive Bilderberg Group.

The WEF itself is akin to a more public Bilderberg Group which brings together around 3,000 business leaders, international political leaders, economists, celebrities, and journalists for a five day conference to discuss global issues. The WEF meets every January in Davos, Switzerland, to discuss their agenda. The elitism of the WEF has resulted in Schwab and his cohorts being nicknamed The Davos Class.

In January 2021 the theme of the WEF meeting will be “The Great Reset.” It’s important that we keep an eye on the WEF and their push for the Great Reset as we draw closer to election 2020 and a potential Dark Winter. Klaus Schwab, Bill Gates, and their ilk are determined to present themselves as the saviors of humanity. They are using the COVID-19 panic as an opportunity to push their agenda while selling it as the cure to our problems.

This predator class attempts to mask their true intentions with flowery language designed to lull the waking masses back to sleep. To be clear, our world is absolutely, without a doubt existing in an unsustainable paradigm. We do have growing income inequality, police violence, failing healthcare systems, and insufficient food production systems. These problems were apparent before COVID-19 and the fragility of these systems has indeed become more obvious in recent months. However, these psychopaths would prefer if we allowed them to stay in the driver’s seat as they careen us into a future of technocratic control and the end of individual liberty.

While Schwab and Gates would prefer that the people of the world submit to their vision, we must stand against this push for centralization of power and technology. The Great Reset is coming, and perhaps, it should come. We have many issues facing our species that need to be addressed. However, central planning, surveillance, and loss of individual liberty is not the answer. The answer is decentralization, opting out en masse, non-compliance, and non-participation in the systems which have brought us to this predicament.

We, as free people, must decide what path we intend to take. Will we stand by and allow the predators to seize control of all resources and power for the coming generations? Or, will we finally break free from their violent systems and initiate a Great Reset which benefits the people, from bottom to top?

The answer depends on you.

Question Everything, Come To Your Own Conclusions.

COVID-19 Does Not Exist: The Global Elite’s Campaign of Terror Against Humanity

By Robert J. Burrowes

There is no COVID-19 virus. It does not exist. If you ask any doctor or scientist in the world to show you a scientifically-verified proof that it does exist, they will not be able to show you one.

Given that it has not been scientifically established that the COVID-19 virus exists, it is therefore clear that everything being done supposedly in the effort to tackle the ‘virus’ is being done for another purpose and COVID-19 is being used to conceal this fact.

However, with the elite-driven narrative being endlessly promoted by the World Health Organisation, governments, the medical and pharmaceutical industries, along with the corporate media, the truth is being obliterated.

And the reason for this is obvious: Any serious consideration of the underlying evidence, as I have documented previously, clearly indicates that the global elite is conducting a coup against humanity and using the fear it generates around COVID-19 to distract people from paying attention to what is happening in the background. For this reason, the coup continues to gain pace with only an insignificant number of people yet aware of the coup and its ongoing and increasingly devastating impacts.

‘How is the elite doing this?’ you might ask. Far too easily, unfortunately.

In essence, key individuals in the World Health Organisation (WHO), governments, the medical and pharmaceutical industries, as well as the corporate media are lying to you about this. They are lying to you, consciously or unconsciously, for essentially one of three reasons (essentially determined by where the individual fits in relation to the elite’s ongoing execution of its coup):

1. they are lying as an outcome of their complicity in the coup (given the perceived benefits to them personally, at least in the short term),

2. they are lying as an outcome of their ignorance (by not investigating and considering the evidence for themself and submissively accepting the elite narrative), or

3. they are lying as an outcome of their fear (of the adverse personal repercussions they would expect for resisting the elite narrative that there is indeed a virus).

And, so far, the elite is successfully executing its coup because the many voices contradicting its narrative – such as those individual doctors powerful enough to present the truth about the so-called ‘virus’ – are being denied a forum in any elite-controlled outlet such as the corporate media or they are being censored (including removed from accessible sites on the internet).

If what I have written above sounds incredible given the worldwide response supposedly to tackle the ‘virus’, the evidence presented below, together with the references to further documentation, will give you plenty to consider (provided your own fear will allow you to do so).

But before presenting this evidence, it is worth being aware of some of the existing adverse impacts of the coup:

1. The sudden destruction of the global economy has impoverished tens of millions of people in industrialized societies through unemployment, making them even more vulnerable to homelessness and other misery, as well as precipitating the death of millions of people projected to die of starvation in Africa, Asia and elsewhere because of the disruption of global food production and supply. See ‘WFP chief warns of “hunger pandemic” as Global Food Crises Report launched’ and ‘COVID-19 could kill more people through hunger than the disease itself, warns Oxfam’.

2. There has been a dramatic increase in violence against children and women all over the world and particularly in some contexts with a recent United Nations Population Fund report highlighting that an ‘additional 5.6 million child marriages can be expected because of the coronavirus pandemic, which resulted in a short-term increase in poverty and the shutdown of schools’. In addition, the ‘current pandemic is also expected to have a massive impact on the projected growth of harmful practices on women’s bodies’ including female genital mutilation (FGM). See ‘Child Marriage, FGM and Harmful Practices on Women’s Bodies to Increase Because of COVID-19’.

3. The lockdowns have imprisoned people in their homes (with its seriously adverse psychological, social and physical repercussions) and laws have been introduced regarding ‘social distancing’ and other measures (including mask-wearing which I will discuss below) that have eviscerated rights and freedoms it took centuries to win. For the details, see ‘The Elite’s COVID-19 Coup against a Terrified Humanity: Resisting Powerfully’.

In response to growing concerns on a number of points, 600 doctors signed a letter to US President Donald Trump to end the ‘lockdown’ – see ‘“Mass casualty incident”: 600 doctors sign letter to Trump calling for end to lockdowns over health concerns’ – which has since been signed by thousands. See ‘Literally Thousands of Doctors and Scientists Have Come Out Against Fauci’s Lockdowns Including a Nobel Prize-Winning Biophysicist. The Media Just Doesn’t Want You to Know’.

4. Despite the ‘diagnostic’ tests for COVID-19 being ‘scientifically meaningless’ – see COVID19 PCR Tests are Scientifically Meaningless’ – (how can they not be when there is no virus?) compulsory vaccination (again, against a non-existent virus) is being threatened – see 120 Covid-19 Vaccine Projects are Underway – in direct violation of Article 6 of the ‘Universal Declaration on Bioethics and Human Rights’ despite the extensively documented record of vaccines causing devastating harms including massive lethality. For a taste of the vast literature on this point, see ‘Gates’ Globalist Vaccine Agenda: A Win-Win for Pharma and Mandatory Vaccination’.

As Dr Stefan Lanka has explained about vaccines generally:

Only ignorant people who blindly trust in the state authorities who are ‘testing’ and approving the vaccines can regard vaccination as a ‘small harmless prick’. The verifiable facts demonstrate the danger and negligence of these scientists and politicians, who claim that vaccines are safe, have little or no side-effects and would protect from a disease. None of these claims is true and scientific. See ‘The Misconception Called “Virus”: Measles as an example’.

Moreover, this vaccination will be used to dramatically expand surveillance both via biometric ID and ‘immunity passes’. See ‘ID2020 and partners launch program to provide digital ID with vaccines’ and ‘Mass-Tracking COVI-PASS Immunity Passports Slated to Roll Out in 15 Countries’.

  1. Other measures to expand surveillance (apart from through vaccination) are being introduced. These include ‘contact tracing’ despite the fact that even ‘A WHO study on influenza pandemics in 2019 came to the conclusion that contact tracing is not useful from an epidemiological point of view and “is not recommended in any circumstances”.’ See ‘Facts about COVID-19’. But that is precisely the point: Contact tracing is not about epidemiological usefulness; it is about surveillance.
  2. Critically, several measures necessary to implement the so-called fourth industrial revolution, including the deployment of 5G, which will reduce human individuals to digitized identities without effective rights and freedoms, are being accelerated. See Techno-Tyranny: How The US National Security State Is Using Coronavirus To Fulfill An Orwellian Vision.
  3. While much human activity has been brought to a standstill, this has not included any of the violence which has not only continued unchecked but has expanded. Apart from the dramatic increase in violence against children and women all over the world noted above, wars, threats of war, sanctions, the military violence of occupations in places such as Palestine, Tibet and West Papua, the structural violence that systematically exploits (that is, loots) countries in Africa, Asia and Central/South America, the ecological violence that destroys lands, oceans and atmosphere have all proceeded as usual with the caveat that there has been a reduction in the emissions of some industrial and other waste products although this is hugely problematic in one critical sense. See ‘Will COVID-19 Trigger Extinction of All Life on Earth?’
  4. And four distinct paths to human extinction – nuclear war, the climate catastrophe, the deployment of 5G and biodiversity collapse – have been accelerated, inadvertently or otherwise, by the coup. See ‘The Elite’s COVID-19 Coup to Destroy Humanity that is also Fast-Tracking Four Paths to Human Extinction’.

COVID-19 Does Not Exist

Despite these and many other adverse impacts already happening in response to the COVID-19 crisis, as noted at the beginning, it has never been scientifically established that the COVID-19 virus actually exists. More fundamentally, according to Dr Stefan Lanka: ‘Contrary to what most people believe, there are no pathogenic viruses.… All claims about viruses as pathogens are wrong and are based on easily recognisable, understandable and verifiable misinterpretations…. A real and complete virus does not exist anywhere in the entire “scientific” literature.’ See ‘The Misconception Called “Virus”: Measles as an example’.

To reiterate in the words of two other authors: ‘there is no original scientific evidence that definitively demonstrates that any virus is the cause of any disease’. See What Really Makes You Ill? Why everything you thought you knew about disease is wrong. But you can read more in ‘Dismantling the Virus Theory – The “measles virus” as an example’ and watch the video interview The Real Science of Germs: Do Viruses Cause Disease?

In addition, and specifically in relation to COVID-19, according to Dr Andrew Kaufman, ‘there is no evidence of anyone dying from any novel illness’. See ‘Unmasking the Lies Around COVID-19: Facts vs Fiction of the Coronavirus Pandemic’. So what has happened?

As Dr Kaufman explains: Early scientific papers on the subject suggested an association (not causation) between a novel coronavirus ‘with human to human transmission and severe human infection’ whereas a subsequent key ‘scientific’ paper that made a claim which helped drive the global response to COVID-19 ‘flat out lied’ about their results: ‘Following the first outbreaks of unexplained pneumonia in Wuhan, China, in late 2019, a new coronavirus was identified as the causative agent in January 2020.’ See ‘Identification of Coronavirus Isolated from a Patient in Korea with COVID-19’. In fact, Dr Kaufman points out: ‘they cannot reference any science to back that up whatsoever’.

Moreover, subsequently to this paper, another article – see ‘I study viruses: How our team isolated the new coronavirus to fight the global pandemic’ – declared ‘The emergence of a new coronavirus in a market in Wuhan, China, in December 2019 set in motion the pandemic we are now witnessing in 160 countries around the world’. But again, Dr Kaufman counters, ‘no evidence was provided at all’ to support this claim: ‘just flat out lies’. For the details and citation of all the scientific sources for this explanation of how the COVID-19 ‘rumour mill’ got started, see ‘The Rooster in the River of Rats’ or ‘Koch’s Postulates: Have They Been Proven for Viruses?’

Finally on this point, pathologist Dr Stoian Alexov, President of the Bulgarian Pathology Association, has stated that he and his colleagues across Europe:

have not found any evidence of any deaths from the novel coronavirus on that continent.

Dr. Stoian Alexov called the World Health Organization (WHO) a ‘criminal medical organization’ for creating worldwide fear and chaos without providing objectively verifiable proof of a pandemic.

See ‘“No one has died from the coronavirus”: Important revelations shared by Dr Stoian Alexov, President of the Bulgarian Pathology Association’.

Fortunately, as awareness of the fact that the COVID-19 virus does not exist gradually spreads, more people are challenging the official response to the engineered crisis on that basis. For example, one group of doctors has written to the British Prime Minister Boris Johnson challenging Public Health England to ‘show proof’ that a virus exists. See Challenge to Public Health England that they must show Proof that a Virus Exists which Causes COVID-19 or Declare there is No Virus and end the Vax and Trax Programmes.

But it is clear that the engineered crisis and the measures supposedly being taken to combat the non-existent ‘virus’ are being used to mask the truth, including the elite coup, and so actions aimed at elite agents, such as governments, must inevitably fail.

Unscientific Responses to the Non-existent Virus

The unscientific nature of the supposed threat posed by the ‘virus’ is, of course, matched by the unscientific response with countries imposing lockdowns suffering far worse outcomes – measured psychologically, socially, economically and otherwise – than countries, such as Japan, South Korea, Belarus and Sweden which did not follow this course. In any case, countries that did impose lockdowns could only use lies and statistical manipulation to make it appear that COVID-19 has been the cause of death among some of those who are recently deceased. For a taste of the extensive documentation, see ‘Facts about COVID-19: July 2020 Update’ and ‘COVID 19 Is A Statistical Nonsense’.

Given that the negative impacts of the lockdown are extensively documented, there have been many attempts (of many different kinds) occurring all over the world to end them already. See, for example, ‘“Mass casualty incident”: 600 doctors sign letter to Trump calling for end to lockdowns over health concerns’, ‘Vaccine Group Sues Trudeau Government for “Draconian and Unjustifiable” Response to COVID-19’ and ‘Popular Uprising against 2nd Covid Lockdown. Belgrade Liberated! The Govt Backs Down’.

But another way in which this unscientific response to the non-existent ‘virus’ is manifesting is immediately obvious if one examines the scientific evidence in relation to the effectiveness of masks in preventing cross infection. As it turns out, as explained in a long series of documented scientific studies, as distinct from the inaccurate claims promulgated by elite agents,

the research demonstrates that masks are at best ineffective, and at worst horribly counterproductive; that is, masks cannot achieve the purpose for which they are, supposedly, intended but they can achieve some very unhealthy outcomes.

But who among the general population is seeking out and considering this evidence (which the WHO, governments, the medical and pharmaceutical industries, the education systems and the corporate media are not going to present)?

For just a sample of the evidence about the ineffectiveness and dangers of wearing a mask, see the following:

‘Nevertheless, the question of the effectiveness of masks can be asked. In the case of influenza epidemics, the answer is already clear from a scientific point of view: masks in everyday life have no or very little effect. If used improperly, they can even increase the risk of infection.’ See ‘Facts about COVID-19: July 2020 Update’.

In a recent study published in The New England Journal of Medicine, the five co-authors stated ‘We know that wearing a mask outside health care facilities offers little, if any, protection from infection.’ See ‘Universal Masking in Hospitals in the Covid-19 Era’.

In his recent article ‘Masks Don’t Work: A Review of Science Relevant to COVID-19 Social Policy’ documenting the results of his research, physics professor Dr Denis G. Rancourt concludes:

No RCT [randomized controlled trial] study with verified outcome shows a benefit for HCW [health care workers] or community members in households to wearing a mask or respirator. There is no such study. There are no exceptions.

Likewise, no study exists that shows a benefit from a broad policy to wear masks in public.

Furthermore, if there were any benefit to wearing a mask, because of the blocking power against droplets and aerosol particles, then there should be more benefit from wearing a respirator (N95) compared to a surgical mask, yet several large meta-analyses, and all the RCT, prove that there is no such relative benefit.

Masks and respirators do not work.

By making mask-wearing recommendations and policies for the general public, or by expressly condoning the practice, governments have both ignored the scientific evidence and done the opposite of following the precautionary principle.

After reviewing more than 50 articles on masks in the medical literature and documenting her case, Dr Sherri Tenpenny concludes as follows:

There are NO randomized, controlled trials (RCT) with verified outcomes that show a benefit to healthcare workers or community members for wearing a mask or a respirator. There is no such definitive study. Likewise, no study exists that shows a benefit from a broad policy to wear masks in public. See ‘Coronavirus Pt 4: Masks Don’t Protect’ and, for your convenience, Tenpenny has cited the relevant passage from 35 of the articles she researched in this document: ‘Conclusion Regarding Masks: They Do Not Work’.

But if you want to read more, you can access each of the 50 articles Tenpenny cited or check out these as well: ‘Coronavirus: Face masks could increase risk of infection, medical chief warns’ and ‘Coronavirus Fact-Check #6: Does wearing a mask do anything?’

Or watch this video presentation: ‘Why Face Masks Don’t Work, According to Science’.

So if there is no virus and face masks do not work to prevent infection anyway, why are we being told to wear them and, increasingly, being terrorized into wearing them under threat of punishment if we do not? For just two of many examples, see ‘Soon, You Will Need to Wear a Mask to Enter Virtually Every Major Retail Store in America’ and ‘Total Masking: Victoria’s Coronavirus Response’.

Because the face masks, like other elements of the supposed strategy to tackle COVID-19, are simply being used to terrorize us into not resisting the ongoing elite coup. See ‘The Mask as a Symbol of Subjugation’, ‘The New (Pathologized) Totalitarianism’ and ‘The Hidden Agendas of Masks, Distancing, and Tracing’.

And it is largely working with most people projecting their fear onto the non-existent ‘virus’ and then ignorantly endeavouring to ‘protect’ themselves from it by wearing a mask (or going along with other measures supposedly intended to ‘prevent infection’).

So if you are wondering why virtually everyone is being caught up in this, there are very good psychological reasons. One of them is that virtually all humans are terrorized into obedience as children. Consequently, resisting orders from those considered to be ‘in authority’ is virtually unthinkable. I have explained this submissive obedience in the article ‘Contemplating Human Extinction Terrifies Most People: A Strategy for Survival’.

But there is another, more subtle, reason too.

COVID-19 and the Psychology of Projection

For the vast bulk of the human population, considering the fundamental evidence of what is taking place – and acknowledging that the global elite is conducting a coup against us with all that this entails – is truly terrifying. Moreover, recognizing that if we are to resist this coup, we will need to make a courageous and strategically-focused stand to defend ourselves is frightening for most people as well.

And the global elite knows this. It is for this reason that they are terrorizing us in the first place. The elite does not want people resisting the coup and it certainly does not want them resisting the coup effectively.

Hence, the global elite is exploiting our fear – by projecting it onto COVID-19 – so that we submissively go along with its coup. How is the elite doing this? Let me explain the psychology of projection, very simply.

If, when you are a child, you are scared of something but that ‘something’ is truly terrifying and inescapable – that is, you are denied any safe opportunity to feel your terror and to take action in response to it so that you can make yourself safe – your mind will precipitate one response and, if necessary, a second response to defend you in the short term.

The first response will be to significantly dampen (and possibly completely suppress) your awareness of just how terrifying the ‘something’ that is scaring you actually is so that you are not overwhelmed to such an extent that you become incapacitated. This response is intended to enable you to act powerfully to get yourself out of the terrifying situation and into a context in which you feel safe.

Ideally, following any such incident when you again feel safe, you need time to recover emotionally. Fundamentally, this means that you need time to focus on feeling the terror and other feelings that were raised during the incident so that these feelings are fully felt and expressed, rather than suppressed more deeply into your unconscious.

If, however, there is no opportunity for this emotional recovery, your mind will have no choice but to more deeply suppress your awareness of these feelings so that you can resume functioning more or less as previously. I say ‘more or less’ because you won’t be functioning precisely as previously because the unconscious terror will now be playing a part in your emotional life and, therefore, playing a part in shaping your behaviour.

However, your unconscious mind – which is enormously powerful – has not given up on enabling you to heal from the terrifying incident and, therefore, its second response is to later trick you into believing that something else, that is far less frightening, is what is really scaring you so that you can safely access and feel your terror in relation to the original incident. Your mind does this so that the terror that was initially suppressed, in order to allow you to devise and implement a strategy for immediate survival, can now be released.

By using these two responses, your mind enables you to survive in a terrifying environment so that, hopefully at some point soon, you can devise and implement a strategy to escape that environment. But also by allowing you to subsequently believe that something that is actually quite safe by comparison is what was really scaring you in the first place, it gives you the opportunity to feel your fear and act it out without (or with profoundly reduced) fear of the consequences.

In the short term, this pair of responses by your mind can enable you to survive something truly terrifying: it minimizes the risk that you will be immobilized (frozen) in terror and thus unable to survive a dangerous situation. In essence, in evolutionary terms, these responses have tremendous survival value in the short term.

If, however, you are not able to escape the truly terrifying situation in the short term and you remain trapped in the situation indefinitely, your unconscious mind will continue to both suppress awareness of the terror and ‘trick’ you into subsequently believing that it is something else that is frightening you.

Unfortunately, beyond the very short term, this mental trick is highly dysfunctional. It leads the individual to eventually ‘forget’ (deeply suppress their awareness of) the original and true source of what is terrifying them and to believe that the safe ‘target’ they unconsciously chose subsequently is actually the genuine threat.

In the jargon of psychology, this is called ‘projection’ or ‘transference’ because the victim is now blaming something other than the true cause of their terror.

This has profound societal consequences too for the simple reason that an elite can effectively nominate the ‘something’ onto which our terror is projected. And it can do this very easily by simply parading a target or ‘legitimized victim’ as terrifying which, in effect, gives ‘permission’ for us to feel scared of the target it has nominated. But in directing our fear in a certain direction, they are also invariably intent on manipulating our behaviour in response.

Historically, this has been demonstrated rather endlessly with the manipulation of our fear crucial to the achievement of certain elite ends, politically and otherwise. For example, racism (fear of other far less frightening Africans) exploded to justify the slave trade, Nazism exploited fears to mobilize Germans against far less frightening Jews (among others), Israeli leaders project the fear of Israelis to exploit far less frightening Palestinians and the entire US ‘war on terror’ has been conducted on the basis of projecting people’s unconscious terror at far less frightening Muslims. As I mentioned, however, the list of possible examples is virtually endless.

In each and every case, however, the terror exploited had its origin in something much earlier in the life of these individuals than the current circumstance exploited by elites. It had its origin during early childhood.

And this origin can be traced directly back to the parenting and teaching models virtually universally used by human beings. As I have explained many times previously, but to briefly reiterate here: virtually all human beings are terrified for the same reason: the child-raising process that sociologists like to label ‘socialization’ should be more accurately labeled ‘terrorization’. This is because from the moment of a child’s birth, parents, teachers, religious leaders and adults generally regard themselves as responsible for terrorizing the child into obedience of the commands, rules, conventions and laws that define the nature of permissible behaviour in their society.

But because evolutionary pressures do not predispose any individual to obey the will of another – for the simple reason that obedience has no evolutionary functionality – it takes enormous terrorization during childhood to ensure that the child surrenders their Self-will at the alter of obedience. To achieve this outcome and largely unknowingly, parents, teachers, religious leaders and other adults in the child’s life use a large range of behaviours from the three categories of violence that I have labeled ‘visible’ violence, ‘invisible’ violence and ‘utterly invisible’ violence. See Why Violence? and Fearless Psychology and Fearful Psychology: Principles and Practice.

At its most obvious, all children are routinely threatened with violence and actually punished with violence (usually in each of its three forms: ‘visible’, ‘invisible’ and ‘utterly invisible’) for ‘disobedience’ (that is, for following their own Self-will rather than obeying orders to submit). See ‘Punishment is Violent and Counterproductive’.

And, as preposterous as I know this sounds to those reading it for the first time: The fundamental outcome of this process is that all children end up utterly but unconsciously terrified of their parents, teachers, religious figures and other significant adults in their life.

But never given adequate safe opportunities to feel this terror, each child ends up projecting it onto something or a series of targets including those ‘legitimized victims’ approved by an elite, local or otherwise.

Hence, in the current world context, this results in the bulk of the human population submitting to direction by the global elite to project their fear onto COVID-19 and then behave as ordered, rather than pay attention to the elite coup and resist it. For summaries and documentation of the evidence in relation to each of these points, see ‘The Elite’s COVID-19 Coup: Fighting for Our Humanity, Our Liberty and Our Future’ and ‘The Elite’s COVID-19 Coup to Destroy Humanity that is also Fast-Tracking Four Paths to Human Extinction’.

The elite does this by triggering our unconscious fear through endless reporting of the ‘threat’ posed by COVID-19, issuing warnings, announcing deaths supposedly caused by the ‘virus’ (and concealing that the death rates are not even comparable to deaths caused by a serious influenza), and placing increasingly onerous limits on our rights and freedoms (through such measures as lockdowns and mask-wearing). And because virtually everyone has so much suppressed terror and needs outlets onto which this can be projected, the coup is being conducted virtually without resistance.

As I have explained before, just because the global elite is able to do this does not mean that it is sane. In fact, it is completely insane and that is precisely why it is conducting this coup but unable to see its catastrophic outcome for the elite as well. See ‘The Global Elite is Insane Revisited’.

So what can we do?

Well, if we are to effectively resist the elite coup and fight for human survival, it would be useful to start by giving yourself time to focus on feeling your emotional responses – fear, anger, sadness, pain, dread…. – to whatever is generating an emotional reaction: COVID-19, the elite coup, the imminent threats of extinction or anything else. See ‘Putting Feelings First’.

This is necessary so that you can engage meaningfully and strategically in the effort, whatever issue you choose to fight.

So once you have a clearer sense of your emotional reactions to this knowledge and have allowed yourself time to focus on feeling these feelings, you will be in a far more powerful position to consider your response to the situation. And, depending on your interests and circumstances, there is a range of possible responses that will each make an important difference.

Fundamentally, you might consider making ‘My Promise to Children’ which will include considering what an education for your children means to you, particularly if you want powerful individuals – not ones who are submissively obedient and project their terror – who can perceive reality and resist violence. See ‘Do We Want School or Education?’

You might consider supporting others to become more powerful. See ‘Nisteling: The Art of Deep Listening’.

If you wish to strategically resist the elite coup against humanity, you can read about nonviolent strategy, including strategic goals for doing so, from here: Coup Strategic Aims.

Remaining pages on this website fully explain the twelve components of the strategy, as illustrated by the Nonviolent Strategy Wheel, as well as articles and videos explaining all of the vital points of strategy and tactics, such as those to help you understand ‘Nonviolent Action: Why and How it Works’.

Given the complexity of the configuration of this conflict, however, which involves the need to fight simultaneously to retain our essential humanity, defeat the elite coup and avert near-term human extinction, it is important that our tactical choices are strategically-oriented (as are those listed at the Strategic Aims page nominated above). Hence, three further considerations assume importance.

First, choose/design tactics that have strategic impact, that is, they fundamentally and permanently alter, in our favor, the power relationship between the elite and us.

Second, when tactical choices are made, focus them on undermining the elite coup, not just features of it, such as ‘social distancing’ or the lockdowns. At its most basic, this can be achieved by using tactical choices that mobilize people to act initially, as is happening, but then inviting them to consider taking further, more focused, action as well (such as those nominated in the strategic goals referenced above). This is important because existing actions will have little impact on key underlying measures, such as those being taken by the elite to advance the fourth industrial revolution.

Third, choose/design tactics that also have strategic impact on the greatest threats to human survival, including the collapsing biodiversity on Earth, the threat of nuclear war, the climate catastrophe and the deployment of 5G. Given the incredibly short timeframe in which we are now working to avert human extinction, while people are mobilizing it is important to use this opportunity to give them the chance to perceive the ‘big picture’ of what is taking place – beyond lockdowns and other measures supposedly being used to tackle COVID-19 – and to act powerfully in response.

Fortunately, as more people become aware of the deeper strands of what is taking place, the energy to break the lockdowns, resist other limitations on our rights and freedoms (such as contact tracing, COVID-19 testing/temperature checks, mask-wearing and vaccinations) as well as resist the coup itself will gather pace. As I have previously outlined, using a locally relevant focus, or perhaps several, for which many people would traditionally be together – a cultural, religious or sporting event, a nonviolent action, a community activity such as working to establish a community garden to increase local self-reliance, a celebration and/or a return to work – we can mobilize people to collectively resist.

If you wish to focus on powerfully resisting one of the primary threats to human existence – nuclear war, the deployment of 5G, the collapse of biodiversity and/or the climate catastrophe – you can read about nonviolent strategy, including strategic goals to focus your campaigns, from here: Campaign Strategic Aims.

You might also consider joining those who are powerful enough to recognize the critical importance of reduced consumption and greater self-reliance as essential elements of these strategies by participating in The Flame Tree Project to Save Life on Earth. While you over-consume or are dependent on the elite for your survival, in any way, you are vulnerable.

In addition, you are welcome to consider signing the online pledge of The Peoples Charter to Create a Nonviolent World.

Or, if you want something simpler, consider committing to:

The Earth Pledge

Out of love for the Earth and all of its creatures, and my respect for their needs, from this day onwards I pledge that:

  1. I will listen deeply to children. See ‘Nisteling: The Art of Deep Listening’.
  2. I will not travel by plane
  3. I will not travel by car
  4. I will not eat meat and fish
  5. I will only eat organically/biodynamically grown food
  6. I will minimize the amount of fresh water I use, including by minimizing my ownership and use of electronic devices
  7. I will not own or use a mobile (cell) phone
  8. I will not buy rainforest timber
  9. I will not buy or use single-use plastic, such as bags, bottles, containers, cups and straws
  10. I will not use banks, superannuation (pension) funds or insurance companies that provide any service to corporations involved in fossil fuels, nuclear power and/or weapons
  11. I will not accept employment from, or invest in, any organization that supports or participates in the exploitation of fellow human beings or profits from killing and/or destruction of the biosphere
  12. I will not get news from the corporate media (mainstream newspapers, television, radio, Google, Facebook, Twitter…)
  13. I will make the effort to learn a skill, such as food gardening or sewing, that makes me more self-reliant
  14. I will gently encourage my family and friends to consider signing this pledge.

Conclusion

Under cover of a ‘virus’ that does not exist, the global elite is social engineering a massive restructuring of world society to suit their own ends. If they achieve their aim, your existence as any sort of individual with meaningful rights and freedoms will have been terminated.

Apart from these ongoing disastrous outcomes, the elite coup is also unwittingly accelerating four paths to human extinction: nuclear war, the climate catastrophe, the deployment of 5G and biodiversity collapse.

To have any chance of defeating the elite coup and fighting effectively to avert our own extinction, we must fight strategically.

Fundamentally, this means recognizing that lobbying (that is, begging) elite agents, such as governments, simply reinforces the power of the elite to control us. It is only when we take action ourselves to both build our own power (which includes that of our children and those with whom we work) while campaigning strategically to undermine the power of the global elite itself that we take crucial steps to liberate ourselves from its violence, in all of the forms that this violence takes.

Given that the elite coup is jeopardizing our individuality, our liberty and our future, it is time for us to decide whether we are human beings or a planet of sheep.

Biodata: Robert J. Burrowes has a lifetime commitment to understanding and ending human violence. He has done extensive research since 1966 in an effort to understand why human beings are violent and has been a nonviolent activist since 1981. He is the author of ‘Why Violence?’ His email address is flametree@riseup.net and his website is here.

Why Does It Feel Like We’re in “Life During Wartime”?

By Charles Hugh Smith

Source: Of Two Minds

The laughably hopeless hope is that by propping up the corpses, the populace will discern some faint flicker of life in the decaying carcasses and return to their free-spending ways.

Call it cultural synchronicity, but it increasingly feels like we’re living in the 1979 Talking Heads song Life During Wartime, which was anchored by the lyric “This Ain’t No Party, This Ain’t No Disco, This Ain’t No Foolin’ Around.” Indeed.

It also feels like Life During Wartime because the propaganda is so blatant and intense: we’re winning the war on Covid-19, and our wars on everything else, too, of course, as war is the favored metaphor and favored policy at the end of the Empire.

The ceaseless propaganda is that “a vaccine is right around the corner.” The inconvenient reality is that Corporate Insiders Pocket $1 Billion in Rush for Coronavirus VaccineWell-timed stock bets have generated big profits for senior executives and board members at companies developing vaccines and treatments.

In other words, wartime profiteering isn’t just allowed, it’s encouraged–yet another sign that we’re in the final decay/collapse phase of Imperial Pretensions.

It’s easy to mix up the propaganda and the counter-propaganda, because they’re both so extreme. There is no middle ground, only pre-packaged positions which dictate which “data” is cherry-picked to support the political partisanship that’s being defended.

Is Data Our New False Religion? (June 23, 2020)

In a world of thousands of unread papers published in hundreds of scientific journals no one even reads and a corrupt culture of “science for sale,” there’s a veritable orchard to cherry-pick.

“Robert Horton, editor in chief of The Lancet, one of the most respected professional peer reviewed publications in the world dealing with biomedical research had this to say in an editorial published by The Lancet in April of 2015:”

“The case against science is straightforward: much of the scientific literature, perhaps half, may simply be untrue. Afflicted by studies with small sample sizes, tiny effects, invalid exploratory analyses, and flagrant conflicts of interest, together with an obsession for pursuing fashionable trends of dubious importance, science has taken a turn towards darkness.”

source: What is medicine’s 5 sigma?

“And this, published in 2009, by Dr. Marcia Angell, former editor of The New England Journal of Medicine, another world leading publication in medical research:”

“It is simply no longer possible to believe much of the clinical research that is published, or to rely on the judgment of trusted physicians or authoritative medical guidelines. I take no pleasure in this conclusion, which I reached slowly and reluctantly over my two decades as an editor of The New England Journal of Medicine.”

Skeptical of medical science reports? (ncbi.nlm.nih.gov)

Metaphorically speaking, the civilian populace believes “we’re winning” until the bombs start dropping on their homes. For some reason, this doesn’t feel like “winning.”

The V-shaped recovery is the propaganda war the status quo must win, for this is the narrative battle for the hearts and minds of the populace. The fear here is that should the populace lose confidence in The V-shaped recovery, they might reduce their borrowing and spending and increase their saving, dooming an economy that depends entirely on marginal spending funded by debt to keep from imploding.

As the chart of the rising wedge model of breakdown below illustrates, when big-ticket costs ratchet higher like clockwork–rent, property taxes, childcare, higher education, debt, healthcare, etc.– while income stagnates for the bottom 90%, any drop in spending, no matter how modest, breaks the system because any reduction in spending reduces tax revenues, corporate profits and debt payments below the critical threshold.

This is why the Federal Reserve is so keen on bailing out bankrupt-in-all-but-name corporations and banks: The laughably hopeless hope is that by propping up the corpses, the populace will discern some faint flicker of life in the decaying carcasses and return to their free-spending ways.

This is also why “stimulus” is being scattered from helicopters: the hope is that by substituting borrowed trillions for earned trillions, people will substitute magical thinking for clear-eyed recognition that the era of “growth” has transitioned into the era of DeGrowth, a state of affairs that signals the demise of all the bloated, sclerotic institutions operated to benefit insiders and Corporate America’s cartels and monopolies: the most protected bastions of the era, colleges and hospitals, are going broke and closing.

As Marx noted, “everything solid melts into air” when it’s no longer financially viable. Helicopter “stimulus” just creates a temporary illusion of solidity.

And then there’s the immense profitability of Big Tech pushing propaganda, partisanship, anger and indignation: If you’re not terrified about Facebook, you haven’t been paying attention.

The foundations are collapsing, but by all means, please keep your eye on the decaying corpses: didn’t an eyelid flicker in that one? I could swear that one moved its foot…

This is “life in wartime,” where the battles are waged in narratives, confidence and magical thinking.

Forget the V, W or L Recovery: Focus on N-P-B (June 29, 2020)

The Fed’s Casino Is In Flames, But Please Continue Gambling (June 18, 2020)

Our Wile E. Coyote Economy: Nothing But Financial Engineering (June 12, 2020)

Unstoppable: The Greatest Depression and the Reverse Wealth Effect (June 10, 2020)

A Bigger Picture

Baluchitherium. Gone but not forgotten.

By James Howard Kunstler

Source: Kunstler.com

The Covid-19 virus itself didn’t run the United States into a ditch but it exposed the weakness and rot in the nation’s drive-train, and now all of us passengers on that disabled bus must decide whether to stay helplessly inside the smoldering wreckage arguing over who’s to blame, or begin a long, uncertain march down the road on our own two feet to a place of new arrangements.

In 1918, the country was lashed by a far deadlier pandemic disease at the same time it was fighting a world war, and daily life barely missed a step. The economy then was emphatically one of production, not the mere consumption of things made elsewhere in the world (exchanged for US IOUs), nor of tanning parlors, nail salons, streaming services, and Pilates studios. The economy was a mix of large, medium, and small enterprises, not just floundering giants, especially in the retail commerce of goods. We lived distributed in towns, cities not-yet-overgrown, and a distinctly rural landscape devoted to rural activities — not the vast demolition derby of entropic suburbia that has no future as a human habitat. Banking was only five percent of the economy, not the bloated matrix of rackets now swollen to more than forty percent of so-called GDP. Government at the federal and state levels was miniscule compared to the suffocating, parasitic leviathan it is now.

What happened? Like Hemingway’s old quip about a man going broke slowly and then all-at-once, we allowed everything in American life to creep into hapless giantism too cumbersome to adapt to new conditions, and suddenly conditions have changed. And now it’s all coming apart: the dying chain stores, the giant zombie companies that can only exist by borrowing money to buy back their own stocks, the auto-makers who have run out of lending schemes for non-creditworthy customers, the shale oil fracking companies that could never make a red cent, the agri-biz farmers grown morbidly obese on a diet of credit and government subsidies (just like their end-customers grew obese on engineered snack-foods), the Wall Street lords of financialization hypothecating fortunes by leveraging the stripped assets of everything not nailed down from sea to shining sea, the swelling underclass conditioned to helplessness, addiction, and vice, the inescapable ambient tyranny of media hype, propaganda, and disinformation, and, of course, the catastrophe that government has become.

Get this: none of these things now wobbling and staggering will be resurrected. They’re all going extinct, like the Baluchitherium of the Oligocene. To keep propping them up — as the Federal Reserve sedulously props up financial markets — will only promote the illusion that we don’t have to move on and conduct daily human life differently. A worldwide contraction was already underway before Covid-19 stepped onstage. The contraction was sending a very loud and clear message: gigantism went as far as it could go and now it’s up to the smaller and nimbler to carry on. Beware the promises of the sclerotic authorities asking you to remain in thrall to them — and dependent on them.

Expect these authorities to screw up even the next big exercise in their own franchise: the 2020 election. It will be the climax to a season of political hysteria and will complete the chapter of our history that left us on that smoldering big bus in the ditch. The scramble away from that disaster scene will be frightful and desperate. No matter who ends up in control of the government — or pretends to be — the same forces of contraction and decomplexifying will actually rule and you will have to act accordingly.

Many people will seek to escape the places they live now to find new homes and livelihoods elsewhere. These demographic movements are already underway. New York City is hemorrhaging much of its tax base as the wealthy flee, Chicago too, and the whole state of California. These places will be overwhelmed by functional bankruptcy, even if legal legerdemain allows them to avoid declaring it. Other states, counties and municipalities — including many suburban blobs — will also founder, meaning all the usual support systems and safety nets vanish. Many supply chains will break. Money may either be scarce or worthless, which are two ways of going broke.

Right now, start planning where you might go and what you can do. The turmoil will be filled with opportunity to find ways to be useful to other people, to devise work-arounds for ruptured systems and relationships, in getting food to people, making things they need, distributing them, fixing things that are broken where possible, and moving people and stuff from point A to point B. There will be plenty of work for people who are willing to do it. Keep in mind that it’s entirely up to you to make good choices.

Don’t despair, and if you find yourself veering toward it, get over yourself. It’s just part of becoming stronger than you thought you could be,  and the times will require it of you anyway. The offices that gave out brownie points for avouched victimhood will also be shutting down. Won’t that be a relief? Welcome to the joyful illumination that life is difficult for everybody. Who is ready for this epic journey?

This Is a Financial Extinction Event

By Charles Hugh Smith

Source: Of Two Minds

The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed.

Though under pressure from climate change, the dinosaurs were still dominant 65 million year ago–until the meteor struck, creating a global “nuclear winter” that darkened the atmosphere for months, killing off most of the food chain that the dinosaurs depended on. (See chart below.)

The ancestors of modern birds were one of the few dinosaur species to survive the extinction event, which took months to play out.

It wasn’t the impact and shock wave that killed off dinosaurs globally–it was the “nuclear winter” that doomed them to extinction. As plants withered, the plant-eating dinosaurs expired, depriving the predator dinosaurs of their food supply.

This is a precise analogy for the global economy, which is entering a financial “nuclear winter” extinction event. As I’ve been discussing for the past few months, costs are sticky but revenues and profits are on a slippery slope.

Businesses still have all the high fixed costs of 2019 but their revenues are sliding as the “nuclear winter” weakens consumer spending, investment in new capacity, etc.

Despite all the hoopla about a potential vaccine, no vaccine can change four realities: one, consumer sentiment has shifted from confidence to caution and from spending freely to saving. This is the financial equivalent of “nuclear winter”: there is no way to return to the pre-impact environment.

Two, uncertainty cannot be dissipated, either. There are no guarantees a vaccine will be 99% effective, that it will last more than a few months, that it won’t have side-effects, etc. There are also no guarantees that consumers will resume their care-free spending ways as credit tightens, incomes decline, risks emerge and the need for savings becomes more compelling.

Three, consumer behavior and uncertainty have already changed, and so businesses that cannot survive on much lower revenues won’t last long enough to emerge from the “nuclear winter” of uncertainty and a shift in sentiment.

Four, assets based on 2019 revenues, profits and demand are now horrendously overvalued, and the repricing of all assets will bring down the predators, i.e. the banks.

As I’ve noted here before, the top 10% of households account for almost 50% of consumer spending. These households are older, and own the majority of assets –between 80% and 90% of stocks, bonds, business equity, rental real estate, etc. This is the demographic with the most to lose in returning to care-free air travel, jamming into crowded venues and cafes, etc.

This demographic has “been there, done that” and foregoing fine dining, sports events, concerts, cruises, etc. is not much a burden and may actually be a relief.

Meanwhile, the entire food chain of landlords, banks, local government, employees, etc. depends on enterprises returning to 100% of 2019 revenues. As tenants stop paying rent, landlords default on mortgages, sending banks into insolvency, leaving local government with less tax revenues and employees with fewer job prospects.

To a degree few appreciate, the “recovery” since 2009 has been dependent on over-spending, over-borrowing and over-speculating: as spending, borrowing and speculation all pull back to what would have been “normal” levels two generations ago, the economy collapses because it’s become completely dependent on over-spending, over-borrowing and over-speculating.

As consumers and businesses retrench, borrowing declines while defaults and bankruptcies eviscerate bank profits and balance sheets. As spending declines, businesses with high fixed costs and pre-pandemic business models (crowding people together in close quarters, etc.) cannot generate enough revenues to survive. As the collateral of commercial real estate and profit streams collapse, assets are repriced all down the food chain, reversing the wealth effect: as people feel poorer, they borrow and spend less, creating a feedback loop of lower valuations, lower spending, lower profits, lower borrowing all of which feed back into each other, pushing everything lower.

The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed: the small business die-off will bring down distributors, banks, landlords, and employment, and as the this layer collapses then the top predators will starve to death as well: Big Tech, healthcare, higher education, tourism, local tax revenues, etc.

The clouds are spreading and thickening, and the dawn sky is tinted an ominous red. This is a financial extinction event, and the Fed’s pathetic shamans can’t reverse history.