The man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that people need to prepare for the greatest crisis in history that is about to be unleashed.
The post Greyerz – Get Prepared For The Greatest Crisis In History That Is About To Be Unleashed appeared first on King World News.
We saw some negative economic data this week:
The (trailing) economic releases hint of a recession in the offing. My guess: President Grandpa’s handlers see this too. Recessions are political disasters. Add inflation, and the disaster is magnified that much more. The desperation of the Grandpa-handlers to pass a multi-trillion-dollar debt-funded spending binge (“No Donor Left Behind”) is palpable.
Do we see any confirmation of this in commodity prices?
Well, “Doctor Copper” (so-called because it can “diagnose” economic problems ahead of time) is hinting at maybe trouble ahead. Dr Copper fell -2.89%, printed a bearish reversal, and is now in a downtrend in all 3 timeframes. It still remains above the 50 MA, so no collapse just yet. But the past two weeks look pretty negative. Maybe a double-top?
And how about lumber?
Well lumber was crushed this week, falling -13.99% and printing a strong bearish reversal pattern. It is in a near-term downtrend, and it is now back below all 3 moving averages. So that looks bearish too.
The master resource fell -1.42%, printed a mildly bearish weekly candle, and is now in a daily downtrend. It is back below the 9 MA. Call crude: very mildly bearish. It hasn’t really confirmed this possible-recession picture yet. Can we have oil shortages alongside a recession? That would certainly be bad if that happened.
The buck rallied strongly this week (+0.56%) with all the gains happening on Friday. Buck is back in a medium-term uptrend.
The 10-year rate plunged on the week, dropping -10 bp to 1.56%. This was a large move down. Looks like money is moving into the buck, and into the 10 year also. This could be the start of a safe-haven move.
So all that is – mostly – hinting at recession. Possibly. Except for crude. Recession-flation.
Gold fell -0.47%, moving back into a downtrend. Looks like gold ran into resistance at the 200 MA. Viewed in Euros, gold was unchanged – gold’s minor drop this week was just about the currency move. Call gold flat this week
And finally, silver fell -1.68%, printed a bearish reversal, but remains (more or less) in an uptrend. At least for now.
So this does support the recession-flation thesis. We’ll have to see how it plays out. Payrolls next week.
The phrase “Lets Go Brandon” has finally made it into the mainstream media, more than 30 days after it started trending. Here’s a representative piece:
How ‘Let’s Go Brandon’ became code for insulting Joe Biden
While the reporter lays out the facts, what she appears to miss is that the public’s delight in the phrase was entirely due to the MSM reporter who decided – as is now standard practice – to lie to the public, in real time, in the face of clear evidence to the contrary. Reporter: “Brandon, you also told me (nervous laugh – clearly heard, repeatedly: “Fuck Joe Biden”) as you can hear the chants from the crowd: ‘Lets go, Brandon’”.
Video here – in case you missed it:
https://odysee.com/@Sydewalkclosed:6/let’s-go-brandon-or-f*-joe-biden:3
I don’t blame the on-camera reporter. After all, the MSM has been able to get away with saying things like “mostly peaceful protests” right in front of video of burning buildings. For years now. So why not “Lets Go, Brandon!” Plus, I do think there was a quiet revolt occurring in the background – the shot kept switching back to the crowd, and the audio clearly picked up the chant. I don’t think that was accidental. Not everyone in MSM likes this state of affairs.
But in the MSM ex-post-facto explainer-article, the writer mentioned: “NASCAR and NBC have since taken steps to limit “ambient crowd noise” during interviews, but it was too late — the phrase already had taken off.” Gotta keep that “ambient crowd noise” down. Can’t have phrases taking off in this way. Otherwise a story might inadvertently leak through the censorship blockade, embarrassing the MSM once more. “Wait. So not everyone loves inflation, vaccine mandates, chaos at the border, the disaster in Afghanistan, and the ongoing Wealth Transfer to the Oligarchy?” Nope. Not everyone.
The popularity of “Lets Go Brandon” is as much about a big chunk of the public delighting in exposing the sustained and egregious media misinformation/propaganda campaign on just about every topic, as it is a statement telling President Grandpa’s handlers where they can stick their mandates.
But of course the MSM must pretend they don’t notice that part. What must it have been like to work for Joe Goebbels, back in the day? The MSM now knows exactly what it was like.
This week’s FLCCC weekly update is basically a home-care prepper instruction. They lay out which mouthwash to buy (and how to construct our own, from iodine), nasal sanitation, dosing for nigella sativa & honey, and curcumin – all designed for jurisdictions where Ivermectin has been declared Verboten by the local Oligarchy/Sickcare stooges who appear to prefer that we get hospitalized, and then possibly die, for reasons known only to themselves.
Given that “hospitalization” translates directly into “No Treatments For You” (other than dexamethasone 6mg and remdesivir-which-doesn’t-work), the quasi-revolutionary goal, obliquely stated by the FLCCC, is “How to Stay Out of the Hospital and Stay Well at Home.”
Left unsaid: “the Oligarchy’s Sickcare System” is absolutely to be avoided, if at all possible. Fourth Turning Medicine.
How to Stay Out of the Hospital and Stay Well at Home
Evergrande makes coupon payment before Friday deadline -sources
Reuters was not able to determine the source of the funds used to make the interest payments. Bloomberg News reported earlier this week that Chinese authorities had urged Evergrande’s founder, Hui Ka Yan, to pay the developer’s debts out of his personal wealth.
Any prospect of Evergrande’s demise raises questions over the fate of more than 1,300 real estate projects it has ongoing in some 280 cities.
A leaked 2020 document, branded fake by Evergrande but taken seriously by analysts, showed the developer’s liabilities extended to more than 128 banks and over 121 non-banking institutions.
Bwahaha. The CCP “urged” the founder to pony up the cash. Don Corleone: “I gave him a ‘suggestion’ that he couldn’t refuse.”
But – 1300 real estate projects ongoing in 280 cities? And liabilities at 128 banks? My goodness. It seems unavoidable that the chickens will eventually come home to roost. But between now and then, the founder’s bank account might just be depleted a bit more.
In a rare move, CNN accidentally uncovers what is really going on with the bigger picture:
Evergrande wants to build electric cars, not homes
A shift in strategy would also bring Evergrande into alignment with some of Beijing’s biggest priorities.
….earlier this month, the president of the electric vehicle unit, Liu Yongzhuo, said that the company would deliver its first car in early 2022, according to a statement.
As the government cracks down on the property sector, it’s also trying to boost the production of electric vehicles in the world’s largest car market. Beijing has offered subsidies to car manufacturers and buyers, and it wants new energy vehicles to make up 20% of overall new car sales by 2025, from the current level of about 5%.
Let’s leave aside for a moment the likelihood of property-developer Evergrande (which has never actually produced a car) somehow managing to produce, in volume, a functioning electric car by Q1 2022, the profits from which will allegedly allow it to fund those 1300 real estate projects. Just reading between the lines, we find that the CCP itself popped the property bubble, after doing everything to encourage it to inflate over the last 20 years, the better to inflate China’s GDP. And almost certainly, to make CCP members rich in the process.
Last year, the CCP woke up and suddenly decided: “property construction is out” (30% of GDP), while: “electric cars are in!” Should be interesting to see how that turns out. Did I mention property was 30% of GDP?
“And just like that – it was gone.”
I’m guessing the CCP members sold the top, dumping their “investment properties” for electric car manufacturers. Chinese Plebes? I’m guessing they’ll be the bagholders. Boy does that like a familiar playbook.
NYC: 40 Percent of Inspected Businesses Noncompliant With Vaccine Pass Mandate
NEW YORK CITY—Approximately two in five New York City restaurants, gyms, and entertainment venues weren’t fully abiding by the city’s COVID-19 vaccination pass mandate when first inspected.
Black Lives Matter. Unless you are black, unvaxxed, and want to go to eat at an NYC restaurant, in which case – “No Soup For You!” But it does seem as though compliance isn’t exactly 100%.
You know, I bet a “digital vax pass” would work a whole lot better. Electric shop door won’t open unless the pass is valid. Gee, I wonder if they’ve thought of that one yet? Because – Black Lives Matter!
Employers Forced to Raise Wages by Most in at Least 20 Years: Whole Power Balance Has Changed
Wolf goes into great detail about how – for a variety of reasons – labor now has the upper hand. Is this just about small biz getting crapped on again?
Starbucks was one of the big names with relatively low-wage service workers that came out with an announcement of “unprecedented investments in wages” – because calling it an “investment” sounds a lot better to investors and algos than calling it an “expense,” which is what wages are from an accounting point of view.
Even the banksters are having to pay more money to their bankster-factotums.
Goldman Sachs is in this category. In August, sources told the Wall Street Journal that the base pay for its entry-level first-year analysts in its investment banking division would jump by 29% to $110,000. For its second-year analysts, salaries would jump by 31% to $125,000. For first-year associates, salaries would jump by 20%, to $150,000.
Was this part of the Oligarchy’s Grand Plan? I don’t think so. Anything that doesn’t make the Oligarchy richer and more powerful would seem to fall into that pesky “unintended consequences” bucket.
Can we have labor market shortages during a recession? I think we may be about to find out.
FDA officials praised Pfizer for fighting a virus that is the leading killer of children after cancer, vehicular accidents, suicide, heart disease, drowning, suffocation, the flu, meteors from space, and slipping on a banana peel. Experts say the vaccine will probably kill more kids than it saves, but it’s ok because science. When asked about any safety concerns, an FDA official replied, “We’re excited to start giving it to them so we can find out.”
Babylon Bee has turned into a news site. When the actions of our captured “health” agencies are this absurdly sociopathic, how far must you go to ridicule them? Poor Babylon Bee can’t quite seem to do it. That’s probably why Oligarchy-controlled media feels the need to “fact-check” BB’s attempted-snarky pieces – they look way too much like real news.
The ability of ridicule to impel change reminds me of a fellow named Thomas Nast, who, back in the 1870s, was able – through his political cartoons – to expose and remove a corrupt New York City political figure named Boss Tweed through satire alone. Towards the end, Boss Tweed feared Nast so much, he offered him a $500,000 bribe in order to support him in “studying art in Europe.” That was real money back then (500k dollars = 25,000 oz of gold). Nast declined. Tweed ended up convicted of fraud. Nast was a universally-admired heroic figure at one point. But now?
How it started – election manipulation by Tweed:
How it is going – No Cartoons For You!
Does anyone remember the anti-war ballads from the 1960s? We are starting to see more of them springing up today. Dr. McCullough has showcased a number of them in his podcasts.
Eric Clapton with Van Morrison – This Has Gotta Stop
The whole “ballad” theme led me on a brief research-adventure – looking up the “antiwar” songs from the 1960s – which the media at the time, in an unsurprising example of history rhyming, was “somewhat averse to playing.” I imagine if they had YouTube back in the 1960s, these songs would all have been removed due to “Vietnam War Misinformation” due to the Trusted-War-Fighting Initiative.
Today, the “unvaxxed” appear to be playing the role of the initially-very-unpopular counter-culture hippie free-love “draft-dodgers” from the 1960s.
Buffalo Springfield – For What its Worth
Tom Paxton – Lyndon Johnson Told The Nation
Crosby, Stills, Nash & Young – Ohio
But, for those who served – “the vaxxed” of their time; they did what they thought was the right thing, or what they felt they could not avoid – there are also songs too. It turns out my uncle served. Lost a third of his unit KIA/WIA over a 3 month period in 1968. Came back with PTSD – which we didn’t know about at the time. I was very young. But I remember.
Creedence Clearwater Revival – Fortunate Son
The Animals – We Gotta Get Out Of This Place
Both Vietnam-era “served” and “draft-dodger” groups shared more than they knew. The Oligarchy never had to dodge or serve – just the Plebes. Listen to “Fortunate Son”, above, as to how that felt to those who served.
As with Vietnam, the “shots in arms” campaign is just Oligarchy crapping on the Plebes once more, but this time, it isn’t just the military-age young men who are being coerced into taking life-and-death risks “just because.” It is all of us. And now our children, too.
Vaxxed and unvaxxed – we are all in this together. And our “antiwar” movement is beginning to take off. There will be songs for both groups by the end of this story. And who knows, it may be the songs that move the “emotional” needle to the place it needs to be.
Last: here is the vaccine “booster hamster wheel” in a single picture. It tells us that the vaxxed are more likely to be infected than the unvaxxed after about 240 days post-vax.
I am left with this question: is this a bug, or is it a feature?
To my vaxxed and unvaxxed friends alike: early treatment saves lives. FLCCC tells us how. The (above) chart says: after enough time passes, we really are all in this together.
The post Recession-flation, Anti-War Ballads appeared first on Peak Prosperity.
Peak Prosperity is now accepting applications for the Content Manager position. As always, we prefer to seek from within our community before turning outward. The successful applicant will serve a hugely important function on our team, particularly as we continue to grow. Highlights include:
There is so much that goes along with this, so please read the entire job description before making a decision to apply. As for how to apply, please follow the steps listed below and only submit your application through the form contained on this page.
Thanks, and we look forward to finding the perfect match for the Content Manager role!
The allure of working for Peak Prosperity may be great, but please make sure you read the job description thoroughly and are sure it’s right for you. Consider your past experience, your strengths, your weaknesses, what makes you tick, and what sort of work-life balance you want.
Click Here to Read the Job Description
Your cover letter should detail why you want to work at Peak Prosperity and what value you will bring to the team. Your resume should highlight any relevant work experience and other qualifications that make you well suited for the position.
You must be logged into the website to submit a job application. Please login and refresh this page.
The post Peak Prosperity is Hiring appeared first on Peak Prosperity.
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST IN THE PRECIOUS METALS SECTOR, WE MADE THE DECISION TO LAUNCH THE NEW KWN METALS WRAP!
The post KWN METALS WRAP with Alasdair Macleod – Available Now appeared first on King World News.
DUE TO POPULAR DEMAND AND ACCELERATED INVESTOR INTEREST IN THE PRECIOUS METALS SECTOR, WE MADE THE DECISION TO LAUNCH THE NEW KWN METALS WRAP!
The post KWN METALS WRAP with Alasdair Macleod appeared first on King World News.
Xcel looking at clean-energy hydrogen projects
Xcel Energy is considering up to eight projects involving “green” hydrogen, a much talked about but still nascent form of clean energy.
Japan start-up designs wind turbine that can harness typhoon energy
As governments and companies globally rush to install as much renewable energy capacity as possible to cut carbon emissions, areas often not suitable for solar arrays or wind farms are opening up for development with advances in technology.
Consumers Care About Brands’ Commitments to the Environment
A new study by transparency tech company Provenance, which helps brands prove their eco claims reports that 48% of consumers are looking for more information and clarity about brands’ values and commitments to the environment.
President Biden, Pope Francis meet to discuss climate change, COVID and poverty
This gathering between two of the world’s most influential leaders couldn’t come at a more pivotal time. A slew of studies released this year detailed the disasters that lie ahead if we don’t urgently act to counter the causes of climate change.
New Alzheimer’s Treatment Advances Precision Medicine
The research indicates that those who took bumetanide had a significantly lower prevalence of Alzheimer’s disease compared to those who did not take the drug.
UTSW scientists eliminate key Alzheimer’s feature in animal model
A study by UT Southwestern researchers finds that changing the biochemistry of parts of brain cells abolished the formation of amyloid beta plaques in a mouse model of Alzheimer’s disease.
The post Daily Digest 10/29 — Green Hydrogen Gains Momentum; Big Advances in the Fight against Alzheimer’s Disease appeared first on Peak Prosperity.
On September 19 we announced we’d be bringing you a brand new website, built entirely from scratch to give you the much-improved user experience you all deserve. Well, that moment is almost upon us! This Halloween, we will be setting loose a group of beta testers into the new website to uncover every gremlin, ghoul, and ghost they can before we officially launch the site. If all goes well, they may even find themselves in for quite the treat. In the new website, they can expect to see the following improvements:
Migrating such a massive treasure-trove of content into a worthy new home has been grueling work, and no doubt there are a few bugs yet to uncover and fix. If you feel you would be a valuable addition to our group of beta testers, please feel free to reach out by completing the form below. Please expect beta testing to take at least a week, during which we would like routine participation by our group of testers.
And with that, we wish you the happiest of Halloween Weekends!
You must be a registered user of the website to become a beta tester. Please either login or register before asking to join.
The post New Website is into Beta Testing! appeared first on Peak Prosperity.
Today the top trends forecaster in the world, Gerald Celente, told King World News that we are in an inflation spiral that's unprecedented.
The post Celente – We Are In An Inflation Spiral That’s Unprecedented appeared first on King World News.
Gerald Celente: Founder & Director of the Trends Research Institute - Gerald has had a long track record of making some of the most controversial, yet correct calls in terms of global trends and events. In fact, many consider Mr. Celente to be the top trends forecaster in the world...
The post Gerald Celente: Broadcast Interview – Available Now appeared first on King World News.
Gerald Celente: Founder & Director of the Trends Research Institute - Gerald has had a long track record of making some of the most controversial, yet correct calls in terms of global trends and events. In fact, many consider Mr. Celente to be the top trends forecaster in the world...
The post Gerald Celente appeared first on King World News.
Here is a remarkable look at the road to currency destruction and what this will mean for gold and other key markets.
The post On The Road To Currency Destruction appeared first on King World News.
It appears the suppression of the gold price is coming to an end, plus looking good so far.
The post Suppression Of Gold Coming To An End, Plus Looking Good So Far appeared first on King World News.
Here is a look at what central banks are doing, plus skyrocketing US Trade Deficit and German inflation.
The post Look At What Central Banks Are Doing, Plus Skyrocketing US Trade Deficit And German Inflation appeared first on King World News.
This coming winter is going to prove challenging for many. At the same time, you can do things to make it a little easier for you and your family. In this article, I will discuss some of the challenges and then provide some manageable things you can do to prepare for the second winter of COVID-19, one of the biggest subjects ruling over our daily lives.
During the Fall there is an important change in people. The age old instinct to hunker down for the winter leads often leads to a change in spending patterns that can cause such things has shortages and stock market crashes.
Regardless of how you feel about COVID-19, this is the second winter that has affected your life somehow. Even those out there that call it fake cannot deny that it has changed some aspect of life for them or someone they know.
Last winter was rough but this one is likely to be rougher due to a variety of factors that could create a perfect storm at all levels of society.
Inflation
The Federal government has printed a lot of money. While this undoubtedly causes some inflation, there are other factors that are causing a steep rise in the prices of items you need to maintain your lifestyle. Remember that many basic necessities, including food, are not used to calculate the official government rate of inflation or CPI published yearly. Going by those official numbers results in an optimistic picture compared to the true inflationary numbers.
When inflation becomes a factor, people with liquid assets tend to start rolling it into tangible goods. As supply levels dwindle prices rise and goods become unavailable. Without good price signals, producers cannot set a future price for orders so they don’t produce enough to meet demand so there are gaps in supply. Simply put too much money chasing not enough goods equals shortages
Food Inflation and Lack of Production
Crops have taken a heavy hit due to drought in the West. Rising transportation and labor costs have also played a role in food prices on the rise. A lack of labor across a wide variety of sectors, including harvesting, packaging, and food safety due to the fallout of pandemic-related lockdowns and programs, has been devastating to the farming and food manufacturing industries.
Civil Unrest
People are fed up. The COVID-19 lockdowns resulted in a significant percentage of the population experiencing a decline in mental health and overall wellbeing. A lot of people that were already struggling with addiction just sank deeper into it.
Vaccine Passports
Many people have decided not to receive any COVID-19 vaccines, which makes some folks pretty darn unhappy. Now some small and large businesses are requiring that workers be vaccinated. In some cities or businesses, unvaccinated individuals dine in at a restaurant or go into a grocery store. Plenty of the unvaccinated are asking what is next. Will they be allowed to shop for food? Will it really go that far? In the future, will the unvaccinated even be allowed to receive grocery deliveries from some merchants?
Regardless of how far it goes, it is clear that some want to make life as hard as possible for those who want to choose what goes into their bodies. Many of this same crowd also say “My body, my choice” when it comes to other health issues. This comes across as hypocritical to some of us.
Of course, there is already a black market for COVID-19 vaccination cards. The result is a push for vaccine records and “passports” to be electronic so that they can be accessed anytime someone needs to check vaccine status.
One of the more disturbing trends is the number of people, including doctors that think that someone that refuses the vaccine should be denied medical treatment for any illness. This is appalling and a clear violation of the Hippocratic Oath. Perhaps if you don’t want to work with people that might be carrying a range of diseases, you shouldn’t be in medicine?
Doctors that are willing to provide care to everyone regardless of vaccine status will have no problem booking appointments if trends continue.
Israel and Scotland have some of the highest vaccination rates in the world but they also have some of the highest rates of COVID-19 cases. When people realize that the vaccines are not working against the many COVID-19 variants they will increasingly blame the unvaccinated. The sentiment of “if we had all just got vaccinated at the same time” will proliferate not that it will do any good. We are not going to vaccinate ourselves back to normalcy. Especially not when COVID-19 can reside in animal hosts. The reality is that the genie cannot be put back in the bottle.
Getting a booster jab every 5-8 months is not realistic or sustainable.
Some are floating around the idea of charging a fee in the future for shots. $35 per shot has been thrown around as the cost. That cost will be passed on to you. Insurance rates will go up or you may find yourself paying for the vaccine out of pocket. At $35 per shot, that means a family of 4 could be shelling out $140 every 5-8 months and dealing with the side effects of the vaccine at the same time. Plenty of people have missed work after their shot. During times like these, lost work is not something everyone can afford.
Some items seem to always be in short supply or, at the very least, occasionally not available at local stores. We have used Instacart for groceries orders quite often, and the shoppers always say that it is smart if you get your orders shipped and delivered in the morning time. By evening time, the grocery store is out of some items. Sometimes items are available the next morning, but it can be longer.
Paper Products continue to be on and off shelves. People have mentioned to me that they have placed orders online at Wal-Mart only to have their order canceled.
Shortage Example: Infant Formula
Amazon and other major online retailers are placing limits on how much baby formula you can purchase at once. For one brand I looked at, you could only buy about three weeks’ worth of formula at a time. I checked back, and you were allowed to order again about the time your previous order was delivered. While some may think, well, that just means you need to place frequent orders, it is hard not to find it disturbing when one cannot buy enough of an essential good to last a month. Wal-Mart offered more generous limits, allowing for a 90 day supply for the average infant.
Grocery stores have very few cans of formula. My first trip inside a grocery store in more than 16 months left me a bit shocked. A large grocery store only stocking maybe 40 cans of formula and very few brands was surprising.
If your infant needs a specific brand or formulation, then you need to be especially concerned and put back a supply to get your child through. I am not advocating buying up more than you need, but you should consider what you need to get your child through the winter at the very least.
I recently delivered via C-Section at a large regional hospital in Western North Carolina after a failed induction at 42 weeks of pregnancy. I was there for three days total, and it was impossible not to pick up on the lack of some items. When I asked about what else they had trouble getting it, I got a few more details. What surprised me what that some supplies were just so basic! For example, the baby heart and oxygen monitor that was used during the induction needs a specific type of paper to create a paper printout of the monitoring. The nurse was happy when another came in with some of that paper. It turns out it was backordered for weeks. Sure they could do without paper, but what about monitoring equipment for complicated births and inductions? One nurse showed me a special monitor that uses a copper filament. This is attached to a baby’s scalp in utero during complicated births or inductions. While I did not need this, they did say that they had gone so far as to hide them at nurses’ stations and make sure they only got used when necessary.
Medications are another area of shortages. My father takes a small dose of Metformin for his Agent Orange-related diabetes. The Veterans Administration sends his prescriptions in the mail. He always calls in his prescription renewals well in advance. Even with his proactive habits, his medicine has been arriving on the day he is going to run out, and sometimes they only send a 30 day supply instead of 90 days. I expect that medication shortages will get worse. India supplies a lot of the medications that we rely on daily in the USA.
The labor shortage can be attributed to many different factors, even if some people try to blame their favorite one.
Drug Abuse
Heroin and fentanyl abuse, in particular, are to blame for at least some of the labor shortage. With millions of people out of the workforce due to the inability to function at anything close to a normal level, it undoubtedly has an impact on the number of workers available. Even those who can maintain some function cannot pass a drug screen to get some of the jobs they may qualify for on paper.
Generous and Extended Unemployment Benefits and Government Programs
There is not a lot of incentive to work if your unemployment benefits are close to what you would make at your job, or in some cases, more than what you would make. When you factor in commute times, childcare costs, gas and vehicle maintenance, etc., it is not hard to see that some people are simply better off financially not working. Ironically on Labor Day, these benefit programs ended. At the same time President Biden told states that they could use federal relief funds to extend unemployment benefits if they chose to. As of September 6, none have chose to do so.
Perhaps by the time this is published, some states will have allocated some federal relief funds.
Of course, all the stimulus checks for each household member and the generous $250-$300 per month for each child under 18 in the home also adds to overall income without any work being done.
Lack of Laborers with Specific Skills
Some jobs take years of education or training. Even those that require a 6-month certificate adds quite a delay in recruiting new employees.
In some cases, people with the qualifications and skills to perform some tasks have decided to switch occupations due to working conditions. Truckers are a great example of this. A few years ago, I did some investigative journalism on why truckers were threatening strikes. New regulations requiring truckers to use electronic logs caused a huge drop in pay. Truckers were restricted to how many hours they could log with their truck running. This led to a lot of them sleeping on the side of the road with no access to bathrooms or meals. Then there is the fact that when they are on the road, the number of gas stations and businesses that will allow them to park and shop or get a meal has gone down. Wal-Mart, for example, will not let truckers stop and shop or get some food. Many gas stations don’t have room.
Worker Retirement
The baby boomer generation was huge. Now a lot of that generation has retired or will very soon. Some of their kids may even be considering retirement at this point. Some people have to switch jobs as they age as well because the physical requirements are too great.
Again, the trucking industry is a good example of a lot of older drivers retiring, and younger people are not replacing them because they don’t want the job. In fact, a lot of the older drivers have spent the last year telling young people they don’t want to be a truck driver because the conditions are awful.
Farming is an important job, but it is another area that young people are not taking over as older farmers age out of the workforce. For years kids were taught that occupations like farming were for ignorant or poor people and that they should go to college and get a cushy desk job.
Lack of labor will affect everyone because it means that things are not being manufactured, grown, or shipped or sold at a rate that can feed the supply chain.
Be prepared for ongoing shortages of many everyday items and a lot of specialty goods. Increases in prices are guaranteed as manufacturing costs go up due to supply and demand and the lack of inexpensive foreign manufacturing and labor.
The CDC eviction decree has been renewed multiple times. On August 27, 2020 the Supreme Court ended the CDC’s residential eviction moratorium. Some states have chosen to extend the ban themselves. For example, California has an eviction ban in place until September 30, 2021 at time of writing. Illinois has extended their eviction moratorium until October 3, 2021.
The eviction ban has resulted in many landlords and mortgage holders having no revenue from properties to cover mortgages, utilities, and general maintenance. In some cases, landlords have experienced tenets moving and leaving tens of thousands of dollars in unpaid rent.
When the eviction ban ends, people will live more densely. This means moving in with family members when they are evicted. More people will live with roommates. The less fortunate will be frantically looking for housing. Inevitably some will stay homeless for a longer period.
It is possible that the eviction ban ending will lead to some people selling properties rather than maintaining them as rentals.
The general public has lost a lot of confidence in the institutions seen as the cornerstones of modern first-world society.
The Mainstream Media
Mainstream media have an agenda. They do not provide fair and balanced, or truthful information regularly and with the best interest of the public in mind. True journalism is rare in mainstream outlets. Independent journalists and news sites have seen a jump in traffic as more people wake up and find alternative ways to get news and information. Unfortunately, censorship, de-platforming, and kicking websites out of ad networks that provide revenue are tactics being used to fight free speech and people’s access to alternative media outlets. Peak Prosperity has experienced this many times. Most recently, Youtube took down some of Chris’ videos for violating “community standards.”
Universities
In the past, universities were seen as places to learn and experience various opinions and even cultures. Now our higher learning centers are becoming more single-minded and discouraging independent thinking and free speech. Anyone that dares say anything outside of the “narrative” is labeled a racist, homo, or transphobic, or simply not “woke” enough.
Hospitals and Medical Professionals
The medical community is divided. Opinions on COVID-19 have made many question how much a doctor or hospital can be trusted. Some doctors have even gone so far as to say they should not have to treat those that are not considered fully vaccinated against COVID-19. That is a violation of the Hippocratic Oath. Perhaps if a hospital doctor is not comfortable working with potentially sick people any longer, they should find another profession or retire.
CDC
Over the course of COVID-19, the CDC was notorious for flip-flopping on important health information and data. They choose to ignore information that doesn’t go with the narrative and role they want to play to influence the health choices of a nation.
The Government
When some people voted in the last election, they chose their candidate with the hopes that they could lead us back to normality. Recent events have led to some voters losing faith in the administration they voted for. As more people realize there is no way we are going back to “normal” the loss of confidence will continue to increase.
Now is the time to make sure you have the cooking and heating fuels you need to get through winter. The cost of any type of fuel is high, including firewood. A full cord of seasoned and split mixed hardwood costs around $300-$400 delivered in my area.
While there seems to be plenty of propane on hand at the moment, the cost has gone up. A shortage of delivery drivers could impact all types of fuel deliveries at any given time. Lack of labor along with bad weather can easily cause short to long-term shortages in some areas.
If you have been putting off buying extra food to have on hand, you should start buying some now. You don’t have to buy a ton of food at once. Even just adding in an extra $10-$20 worth of food per grocery trip will start to add up over time. If you are short on space, then it may be worth it to buy some more expensive freeze-dried or dehydrated foods. Check out my article on food storage for more information.
Ideally, everyone would have a year’s worth of food on hand. This is not realistic for a lot of people. Try to have at least two months’ worth on hand, even if you are short on space. This is easy to achieve with survival food buckets.
Health care systems are one of the hardest hit when it comes to the lack of workers. COVID-19 led to increased demand that has continued. A lot of medical facilities were experiencing shortages of workers even before the pandemic. You need to be prepared to take care of some medical needs at home. Sitting in a waiting area for hours for something treatable at home is no fun. There are plenty of people that go to the doctor for every minor thing.
If you don’t have a good medical kit, I advise buying a good basic kit and adding some extra items. Here are a few of the essentials that most medical kits are missing:
Refill any prescriptions for people or pets as soon as you can. Ask your doctor if you can have a script for at least 90 days of any medications you require.
Have a backup heating method or a plan for staying warm if your heat is off.
When Texas experienced its deep freeze at the end of winter, many people struggled to stay warm. This event did not occur in a place where people were used to worrying about such cold temperatures. Tragically some people died trying to use things like grills inside to provide a little heat and cook some food.
Woodstoves are great for backup, but if you don’t have one, you can use heaters that run on kerosene, for example.
Make sure you have blankets and winter-worthy clothing.
Extra blankets and good winter clothing that allows you to dress in many layers should be part of your preparedness plan. Don’t forget good boots that are either insulated or large enough that you can wear thick socks.
Keep a few months’ worths of pet foods on hand.
Pet food became harder to get during the first part of COVID. Plenty of people out there have to feed specific types of food too. Over the years, I have discovered that a lot of people have food put back for their families, but they don’t have the equivalent for their pets. If you have two months for yourself, then have two months for your pets too. Most people will feed food that was supposed to be for them to their pets rather than let their pets go hungry.
Pick up some non-lethal weapons.
Firearms are great, but they are not the best choice for all situations. If you can avoid lethal force, then it is for the best in most situations. The majority of troublemakers are not out with murder in mind. Some pepper spray, a taser, or even a good walking stick are often all that is needed. I am not saying you shouldn’t conceal carry a gun, either, just that you should have something less lethal for when the situation calls for it. There is also the fact that you can get away with carrying non-lethal weapons in places where firearms are a no-no. Take note that non-lethal is a bit of a misleading term too. Less lethal is actually a better way to put it because it is possible to kill someone with weapons that are considered non-lethal if enough force is used.
While I think that lockdowns are not going to be tolerated, that still doesn’t mean those in charge will not try it. You may also want to elect to stay at home to avoid increasing levels of violence and civil unrest at times. A storm may make it impossible to travel too.
It is important to have something to do for entertainment and relaxation. Set a small budget for entertainment and plan some activities that can be accomplished with little or no electricity.
What do you expect to happen over this coming winter? What are you doing to prepare?
The post Prep Now for the Coming Winter Challenges appeared first on Peak Prosperity.
Hedge fund Third Point buys stake in Shell, urges breakup
Hedge fund Third Point has built a large stake in Royal Dutch Shell (RDSa.L) and called on the oil major to split into multiple companies to increase its performance and market value.
Are high energy prices here to stay? Analysts weigh in on the gas crisis
Natural gas supply is set to rise incrementally in the coming years, before jumping in 2025, analysts told CNBC.
Jeff Bezos wants to build a “business park” in space
Blue Origin has put together a team of contractors, including Sierra Space, Boeing, and Redwire Space, to launch a space station called Orbital Reef sometime before the end of the decade that will act as a “business park” in orbit, hosting projects developed by governments and private users.
Verizon announces intent to use Amazon’s planned Project Kuiper constellation
Verizon Communications is working with Amazon to develop solutions for its proposed Project Kuiper megaconstellation, with the aim of using the satellites to extend connectivity services to more rural and remote communities across the United States.
Recent evidence indicates a potential therapeutic role of fluvoxamine for COVID-19. The TOGETHER trial for acutely symptomatic patients with COVID-19 aimed to assess the efficacy of fluvoxamine versus placebo in preventing hospitalisation defined as either retention in a COVID-19 emergency setting or transfer to a tertiary hospital due to COVID-19.
A hospital hiked the price of a routine childbirth by calling it an ’emergency’
Over the past 20 years, hospitals and doctors have learned there’s great profit in upcoding visits. After all, the insurer isn’t in the exam room to know what transpired.
The post Daily Digest 10/28 — Antidepressant Fluvoxamine Proves Effective against C19; Bezos Eyes the Orbit appeared first on Peak Prosperity.
