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SKYE’S LINKS 08/13/20

New Normal:
From “Corona-Totalitarianism” To The Invasion Of The “New Normals”

 

Raise the drawbridge:
Chaos In Chicago: Bridges Raised To Prevent Gun-Toting Looters Getting Downtown

 

Fed promises to steal our US dollar savings:
Fed Commitment To Let Inflation Run Isn’t A Promise; It’s A Threat

 

More on the HCQ narrative:
Big Pharma’s ‘Narrative’ Is Failing

 

Paying for infections – what could possibly go wrong?
California Will Soon Be Paying $1,250 To People Who Test Positive For Coronavirus

 

Some people are officially more equal than others:
Pennsylvania Is Playing Politics With Drug Rationing

 

Increases in debt moves future consumption into the present.  Of course, this leaves less to consume in the future, which will inevitably arrive, and this has consequences, such as reduced future income growth.  Government reactions to the pandemic have greatly accellerated debt growth rates and levels:
“The Greatest Pull-Forward In History”: Why This Recession Is Different, Similar, & Worse

 

Here is a more technical and detailed look at the effects of debt on future income growth from economists at the Bank Of International Settlements.  The BIS is much like the central bankers’ central bank.
https://www.bis.org/publ/othp16.pdf

 

Now for a change of pace; how the left eats its own:
Taibbi: The New Puritans

 

Going, going…
Biden Asked Point Blank About Apparent Cognitive Decline… It Didn’t Go Well

 

Gone:
Biden Campaign: Black Reporter ‘Deserving’ of ‘Junkie’ Comment

 

Farther gone:
Joe Biden Tries to ‘Clarify’ Remarks About African Americans; No Apology

 

The ‘Crats must be really scared.  The only way that Biden can debate Trump is from his basement with a teleprompter showing scripted answers to questions leaked to his speechwriters.  If he “debates” from his basement, watch his eyes for back and forth reading scanning.  The ‘Crats cannot allow Trump to ask him questions.  The Trump campaign is on to Teleprompter Joe: Trump Seeks Assurance ‘Basement’ Biden Will Debate ‘in Person’

 

Sound words of warnng:
The Unraveling Will Accelerate

 

So since we are going to have rough years ahead,  what do we do about it, other than getting out of dodge while that is still economically feasible?  Become anti-fragile:
How To Become “Anti-Fragile”

 

False economic signals to infinity and beyond:
If The “Market” Never Goes Down, The System Is Doomed

 

Fine analysis of a very serious problem – privately owned social media bypassing the First Amendment:
Social Media Imposing Modern-Day ‘Hays Code’ On Political Speech

 

Privately owned spyware bypassing the Fourth Amendment:
Inside One Of Big Brother’s ‘Location Harvesting’ Contractors, Which Tracks ‘Hundreds Of Millions’ Of Phones

 

Your smart phone may be outsmarting you:
Your Phone Is Spying On You: Companies Are Generating Secret “Surveillance Scores” Based On That Data

 

Whither the dollar:
Gordon: “We’re Heading To Complete Financial, Moral, & Political Collapse”

 

The election is going to be a mess:
4 Points in Understanding China’s Goal for Meddling in US Elections

 

Concise summary of Russia Russia Russia:
Understanding The Gravity Of The Russia Hoax

 

An outstanding concise Austrian school analysis of pandemic economics:
How Central Banks Made The COVID Panic Worse

 

A clinical trial testing 10 propaganda messages to engineer public consent for Chinese virus vaccination – no kidding:
US Government And Yale Hold Trials On How Best To “Persuade” Americans To Take COVID-19 Vaccine

 

For investors:
Freddie Mac Warns Apartment Loan Supply May Plunge As Virus Crushes Working-Poor

 

Election legitimacy crisis ahead:
Voting Fraud Is Real: The Electoral System Is Vulnerable

Note: In my opinion, based on their other postings, The Strategic Culture Foundation is a Russian propaganda front.  Nevertheless, the information that they provide this time is true – as is often the case either partially or fully with the most effective propaganda.  There is nothing new here for TTP readers in terms of the potential for election fraud with universal mail in ballots.  So what does this article really mean?  It suggests that the Russians will go to the max to delegitimatize the November 3 election, regardless of who they think is most likely to win.  This is an upgraded replay of their efforts to delegitimatize the 2016 election.  It’s going to be a huge train trainwreck.

 

Strident, but all too true:
Falling Into The Abyss Between Wall Street And Main Street

Note: One example of financialization:  Gigacorp issues bonds, and the Fed buys enough of them to keep the bond price higher and the interest rate lower than than a free market would demand.  (Yes, the Fed is buying corporate bonds with billions of Fed created dollars.)  Gigacorp then buys back its stock with the money they receive for these bonds.  This increased purchase demand for Gigacorp stock increases the stock prices.

Relatively short term stock owners like this because they can sell at a higher price.  Gigacorp execs love it because they can then exercise stock options that would otherwise have been out of the money, sell the stock, and rake in (typically) about 15% to 20% of the total.

Long term investors know that this type of borrowing, unlike borrowing for R&D for new products or modernized more efficient production facilities, creates no new products, no better products, no lower cost products, and no new sales – but does burden the corporation with the obligation of future debt repayments without producing greater future corporate income.  A stock buyback moves future income into the present where it can be consumed.  That is one salient reason why long term stock ownership has declined substantially over the past couple of

 

Interesting political analysis by a fed up guy on the Left:
Kansas Should Go F— Itself

Note: Comment on article by a self-proclaimed Bernie Bro Leftie: “Great article, except for one thing. If you honestly think the anti-lockdown movement is about ‘MAGAfanatics going maskless and dying of Covid-19 to own the libs’ you need to get the hell out of your bubble. It’s not about owning libs, it’s about pushing back against the biggest top-down ordered upheaval in regular people’s lives most of us have ever experienced: affecting most people far more than 9/11, the mortgage crisis, ISIS or the Iraq war. ” Further note: Biden promises to proclaim a national mask mandate.

 

And finally: John Cleese’s insights on humor and Wokeness:
John Cleese: Woke People Have “Zero Sense Of Humour”; They’re Killing Comedy