by Michael Snyder
Benefit from the occasions that you’ll be able to spend with household and pals now, as a result of issues are beginning to get actually loopy on the market. The official starting of winter is upon us, and simply in time there’s a scary new COVID variant that’s scaring the residing daylights out of politicians everywhere in the planet. In fact these deeply frightened politicians are going to reply to this new menace identical to they’ve responded to each different chapter of this disaster to date. They’re going to spend much more cash, they’ll relentlessly promote the injections that the massive pharmaceutical corporations are pushing, and they’ll impose extra absurd authoritarian measures. Evidently, that implies that that is going to be a very dangerous winter for the whole globe.
On Monday, the Biden administration surprised individuals everywhere in the nation when it promised a “winter of extreme sickness and demise” for those who have declined to get vaccinated. The next comes from the official White Home web site…
For the unvaccinated, you’re a winter of extreme sickness and demise for yourselves, your households, and the hospitals chances are you’ll quickly overwhelm.
So, our message to each American is evident: There may be motion you may take to guard your self and your loved ones. Put on a masks in public indoor settings. Get vaccinated, get your youngsters vaccinated, and get a booster shot if you’re eligible.
Have we ever seen such a weird assertion come out of the White Home?
These phrases are seething with contempt for those who have refused to do what Biden desires them to do.
Shortly after this assertion was launched, critics of Biden began firing again. For instance, that is what Tim Murtaugh needed to say on Twitter…
Going into the 12 months of the midterm elections, the Biden White Home has settled on its slogan.
“A winter of extreme sickness and demise.”
Seems like a winner.
Truly, it’s fairly probably that we’ll see an amazing quantity of sickness and demise this winter, nevertheless it gained’t be within the locations that Biden is anticipating.
Simply have a look at what is occurring in New York Metropolis. Although the overwhelming majority of the town is “totally vaccinated”, New York has damaged its single day case file for 4 days in a row…
New York state’s vaccinated well being commissioner examined constructive for COVID-19 through a speedy check, marking yet one more breakthrough case because the Large Apple battles a record-breaking viral surge, Gov. Kathy Hochul mentioned Monday as she acknowledged the open seat subsequent to her. Dr. Mary T. Bassett has additionally gotten her booster, she added.
Information of the constructive check for the state’s main well being official got here the identical day the Empire State broke its personal single-day pandemic case file for a fourth straight day, with Hochul reporting almost 23,400 new circumstances in a single day. The lion’s share of these infections come from New York Metropolis, the place over 15,000 individuals examined constructive, up almost 50% since Friday.
As Omicron spreads very quickly in New York and elsewhere, spooked buyers are beginning to dump their shares. On Monday, the Dow was down one other 433 factors…
U.S. shares slid Monday, persevering with final week’s losses, because the speedy unfold of the omicron variant continues to fret buyers who worry the brand new surge might hamper financial development.
The Dow Jones Industrial Common fell 433 factors, or 1.23%, whereas the S&P 500 index and Nasdaq Composite index declined 1.14% and 1.24%, respectively. At session lows, the Dow was down 699.94 factors, or 1.98%.
If worry of Omicron continues to develop, that might be very dangerous information for the monetary markets.
In the meantime, Commerce Secretary Gina Raimondo is warning that Omicron might make the worst provide chain disaster in U.S. historical past even worse…
Commerce Secretary Gina Raimondo is worried the Omicron coronavirus variant will exacerbate strain on the already stressed-out international provide chain.
“It’s approach too quickly to inform. However I do fear, as a result of we all know individuals are afraid to go to work,” Raimondo instructed CNN throughout an interview at her Washington workplace.
And it seems that a recent wave of inflation is now upon us.
Lumber costs had been on the reducing fringe of the final wave, and they’re beginning to go completely nuts as soon as once more…
Futures for January supply ended Friday at $1,089.10 per thousand board ft, twice the value for a immediate supply in mid-November.
Money costs are approach up as effectively. Pricing service Random Lengths mentioned that its framing composite index, which tracks on-the-spot gross sales, has jumped 65% since October, to $915. A $129 achieve this week was the most important on file, eclipsing a $124 bounce in Might, when lumber costs crested at all-time highs.
Within the midst of such a extremely inflationary atmosphere, the Democrats needed to cross the “Construct Again Higher invoice” and spend one other gigantic mountain of cash.
Fortunately, Senator Joe Manchin has chosen to vote towards this ridiculous invoice, and that’s going to stop it from getting by way of Congress.
When requested about his vote, that is how he responded…
Manchin mentioned, “I’ve performed every thing attainable. And you recognize my issues I had, and I nonetheless have these issues and the place I’m at proper now, the inflation however I used to be involved about, it’s not transitory, it’s actual, it’s harming each West Virginian, making it troublesome for them to proceed to go to their jobs. The price of gasoline, the price of groceries, the price of utility payments, all of these items are hitting in each side of their life.”
He added, “If I can’t go dwelling and clarify it to the individuals of West Virginia, I can’t vote for it. I can’t vote to proceed with this piece of laws. I simply can’t. I’ve tried every thing attainable. I can’t get there.”
I by no means thought that I might be grateful for Joe Manchin, and I hope that he continues to take care of his brave stand.
However in fact different governments everywhere in the globe proceed to recklessly borrow and spend cash, and that’s more likely to speed up in 2022.
We actually are on the verge of a historic international financial nightmare, and I actually like how Egon von Greyerz just lately summarized what’s about to hit us…
The ethical message is that when chaos hits, the destruction will have an effect on everybody, wealthy and poor, younger and outdated. Nobody will escape by energy or devotion.
The monetary, financial and ethical devastation which is about to hit the world will for greater than 99.5% of the individuals will come out of the blue like a flash from a transparent sky.
For most individuals the approaching occasions will thus be just like the definition of the phrase CHAOS: “A state of whole confusion and dysfunction”…
Most individuals blindly trusted that our leaders knew what they had been doing.
However they didn’t, and now we’re heading into a time of maximum bitterness for the whole planet.
If we’d have made a lot completely different decisions, issues might have turned out a lot in a different way.
Sadly, now we must dwell with the results of our choices, and they are going to be very painful certainly.
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