by David Stockman
LewRockwell.com
The starting point for understanding the delusional fantasy of the present moment is this: The mainstream narrative is so corrupted by greed, sloth, group think and will to power that it has become a risible caricature of itself. In plain English, what is held to be true by the powers-that-be is flat-out unreliable, unhinged and unsustainable.
For instance, bubble vision is jawing giddily this morning about the new stock market forecast from Goldman’s chief equity strategist, David Kostin. According to this overpaid genius, the silver bullet of a Covid vaccine is now assured owing to the Pfizer announcement (but see the debunking below), so we will soon be back to normal and the stock market will soar to 4,300 on the S&P by the end of next year (2021).
So back up the trucks!
One of the biggest reasons why the elite hate Donald Trump so much is because they can’t control him. But if Joe Biden ends up in the White House, that won’t be a problem. Our corporate overlords know exactly what they are getting with Biden, and that is why they backed him so strongly during the campaign. In fact, if our corporate overlords could create a perfect president from scratch, they would end up with someone that looks very similar to Joe Biden.
The America that emerges from the coronavirus pandemic is shaping up to be visibly different than it was before the outbreak.
Jim Jeffrey, the United States’ retiring Special Representative to Syria and the special envoy in the fight against the Islamic State, confirmed Thursday that he and other senior administration officials routinely misled President Donald Trump on troop levels in the Middle East.
We won, and that means it’s time for New Media to stop responding to and reacting to the fake news media and to assume our place as The Media.
The rush by Joe Biden and his corporate media propagandists to prematurely claim victory in the 2020 presidential election is the finale to an elaborate, long-planned Psychological Operation or “PsyOp” directed at the American People.
Put another way: the elites have cannibalized the system so thoroughly that there’s nothing left to steal, exploit or cannibalize.
A considered reflection of current events leads to only one conclusion, and that is accelerating inflation of the dollar’s money supply is firmly on the path to destroying the dollar’s purchasing power — completely.
As the end of President Donald Trump’s term approaches, we’re seeing a flurry of firings and replacements. Such turnover has been a hallmark of this administration, as Trump constantly seeks to surround himself with loyalists. This week’s changes in the Pentagon leadership have prompted some fears of a pending coup to stop President-elect Joe Biden from taking office, a panicky theory that even Vox felt the need to tamp down.
“We have found that students are responding well to our voluntary, convenient, and free walk-up testing sites.” The latter is from a press release produced at Penn State University, and that was released this week to the New York Times. It seems Penn State, much like U.S. universities in all 50 states, has an aggressive coronavirus testing program as a way of keeping close track of the virus’s spread on campus.
The curious effect of the election and now possibly the surge in virus infections.
This week started off with almost every Big Media entity congratulating “President-Elect Joe Biden.” There is now an Office of the President Elect, some fabrication that I recall was created by Obama to suck the oxygen out of the room even before he took office.
Even Jerome Powell is admitting that the boom years are over. For months, I have been trying to explain to my readers that the debt-fueled “prosperity” that we were enjoying prior to the COVID pandemic won’t be coming back, and initially I received quite a bit of criticism for saying that. But that criticism has subsided, because at this point pretty much everyone can see the truth. Despite stimulus package after stimulus package, and despite unprecedented intervention by the Federal Reserve, we continue to be mired in the worst economic downturn since the Great Depression of the 1930s. Fear of the virus continues to drag down the overall level of economic activity, more businesses are going under with each passing day, and the layoff announcements never seem to end.
Hitler cared.