Daily Market Review: Soaring Inflation Boosts Bets over Aggressive Fed Hikes
Daily Market Review: Soaring Inflation Boosts Bets over Aggressive Fed Hikes
February 11th 2022
The US #dollar rebounded strongly against most of the other major currencies yesterday and today in Asia, with equities retreating sharply after the US #CPIs accelerated by more than expected, increasing bets over a double hike at the March #Fed meeting, and many more by the end of the year.
#inflation #market #fed #cpi
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How Bidens Agenda Is Causing Inflation
The Consumer Price Index (CPI) tracks the cost of everyday items. It's jacked up a whopping 6.8 percent over the past year, the biggest increase in almost 40 years. Gas is up 51 percent, beef is up 20 percent, and furniture by 11 percent.
This is making the nightly news sound a little too much like a rerun of That '70s Show, a sitcom set in a decade famous for ever-rising prices and useless "Whip Inflation Now" buttons that Gerald Ford tried to stick on everybody from running mate Bob Dole to former Beatle George Harrison.
Back in the 1970s, Ford was better known for literally and figuratively stumbling than for his economic acumen, especially when it came to inflation, which soared into double digits shortly after he took office. Ford believed that the way to beat inflation was to browbeat companies into keeping prices down and Americans into becoming bargain hunters. He declared a war on high prices, referring to inflation as "domestic enemy number one."
"I pledge to my fellow citizens that I will buy, when possible, only those products and services priced at or below present levels," promised Ford.
Joe Biden is looking reminiscent of the 38th president, and not simply because he also has trouble with airplane steps.
Biden, his advisers, and his champions in the press are ignoring the tough lessons of the past by downplaying inflation or bizarrely claiming it only freaks out rich people. Then there's leading Democrats like Sen. Elizabeth Warren (D–Mass.), who seemed to be channeling Gerald Ford when she tweeted out that the reason "your Thanksgiving groceries cost more this year" was "because greedy corporations are charging Americans extra just to keep their stock prices high."
Even worse, Biden and crew are delusionally pronouncing that we can tame inflation by pumping massive amounts of government money into the economy—a course of action that will almost certainly make everything more expensive. "What this package will do is lower some of the most important costs, what [families] pay for health care, for child care. It's anti-inflationary in that sense," said Treasury Secretary Janet Yellen in defense of the recently passed $1.2 trillion infrastructure bill and promises of even-bigger bills related to the president's "Build Back Better" agenda.
What Ford, Biden, Warren, and Yellen have in common is a failure to understand inflation's most important underlying cause, which the Nobel Prize–winning economist Milton Friedman was explaining with unique clarity back in the 1970s. "To understand the cause of inflation, you must understand that it is anywhere and everywhere a monetary phenomenon," said Friedman. Supply-chain issues and rising demand are factors too, but the biggest contributors come from the government and the Federal Reserve.
We've seen absolutely massive increases in government spending over the past two years, which have been paid for by printing money and historic boosts in the money supply. When you print money it means that there are more dollars chasing basically the same amounts of goods and services, which causes prices to rise. In just the past three fiscal years, federal spending has swollen to nearly $7 trillion a year, up from about $4.4 trillion in fiscal year 2019. Spending was $6.6 trillion in 2020, and $6.8 trillion in 2021.
Back in the '70s, Friedman likened the early stages of inflation to alcoholism. Politicians get to spend more money, tax revenues increase without passing new legislation, and some consumers feel like they are gaining purchasing power as their wages go up. "Inflation is just like alcoholism," he warned. "In both cases, when you start drinking or when you start printing too much money, the good effects come first and the bad effects come only later. That's why in both cases there's a strong temptation to overdo it, to drink too much and to print too much money."
Here's a final insult: Even the price of booze is going up, so not only will we have more sorrows, it's going to cost us more to drown them.
#inflation #biden #economy #market #fed
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US President Joe Biden "more inflation is a great asset"
US President Joe Biden "more inflation is a great asset"
#Biden #Inflation #Economy
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How to profit from the coming market crash 2022
How to Become Rich during The Coming Market Crash 2022
Who would benefit from a major financial crisis? Certainly people and institutions with political power like , Congresses and parliaments, government bureaucrats and bureaucracies, and heads of state. To the extent that is true ,and the dynamics are more complex than the statement indicates. What are their incentives for preventing financial crises? If you're looking for names, I remember there were quite a few public instances of people who did benefit. Big names like John Paulson's bet against the subprime mortgages earned him a few billion. Bill Gross's PIMCO fund did great. I would also venture that various investment banks like Goldman also made out well. They supposedly packaged these subprime mortgages as low risk, selling them to investors, then turning around and shorting them. These same banks as well as some insurance companies also sold credit default contracts. Since the US fed eventually bought all these toxic derivatives off their books. I'd say they all made out swimmingly. Imagine if I sold billions of options over the years with a low probability of a payout. But when I actually had to pay out, and I didn't have enough money for it, the government just steps in and forks over the money for me! A very sweet deal if I do say so myself. Anyway, basically anyone who sold stocks, MBS, commodities, and all their assorted derivatives at or around 2007 benefited. Anyone on the sell-side, which makes money on volume, benefited. Anyone who bought treasuries also benefited. What did they do with all that money? Whatever they want. Welcome to The Atlantis Report. The 2008–09 financial crisis saw markets collapse, erasing trillions of dollars of wealth worldwide. Savvy investors acknowledged an extraordinary buying chance, with many companies' shares for sale at a huge discount. With markets recuperating from the Great Recession, these investors have achieved enormous profits from their aggressive tactics. Most of us can remember the moment of the collapse of Lehman Brothers. Let’s look at what has happened in the last 11 years: Real interest rates have gone to negative in most countries. You now lose money putting it in the bank. Markets have hit record highs; almost doubled since 2008 and 3.5 times from 2009 lows, now that the Dow hit 28,000. Real wages have struggled to keep up with inflation in most developed countries. So the biggest winners of 2008–2009 were calm, buy, and hold investors. The losers were those that panicked. Not in year 1. I imagine some of those buy and hold investors were feeling worried when the Dow was at 7,300 in 2009, and people who kept money in the bank felt smug. However, if you look at any financial crisis, the buy and hold investor has never, ever, regretted doing that and buying more as markets fall. On average, markets corrections typically last only a few months or a year: In the case of 2008–2009, it took three years. Occasionally, 7–10 years. That is an opportunity for the buy and hold investor to “stack up” on more units at lower prices. Almost like seeing your flights to your holiday resort on special offer, only you know that stacking up on this investment will pay off financially long-term. Those people that try to directly profit from crashes, like speculating on certain stocks going bust by shorting, usually don’t benefit long-term. A good friend of mine bought many bank stocks in 2008 after he realized the government wouldn't allow them to go bust. At one stage, he was on a huge profit, as they bounced from the lows. Long-term, however, he would have been better off just being in the index, as the prices of almost all banks have never recovered. Take HSBC as just one example of many. It went up sharply, but long-term performance has been bad. Although the advice to buy when there's blood in the streets has been imputed to more than one rich investor, it is a sound approach to creating substantial wealth. Other oft-quoted citations whose true origins are debated are that the market can stay irrational longer than you can stay solvent.
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Be Prepared: The Fed To Cause The Worst Financial Crash The World Has Ever Seen
The biggest economies in the world were paying people not to produce goods and services (or just boarding them into their homes like in China) yet no idea why this inflation fell out of the sky .
Half the world is not working and the remaining half is unable to be as productive as they normally would be. Hence there is shortage of goods and services and higher inflation. The incessant attacks on the Fed reserve to keep interest rates low despite rising inflation is ridiculous. While higher inflation will hurt a bit, higher rates at this time will hurt a lot and will quickly lead to a recession.
The Fed is going from one huge error (inflation is transitory) to another huge error (4 rate hikes and runoff won't crash markets).
The Fed's job is the economy, not the stock market .
Sure, interest rates deflate assets. But they won't do squat for consumer goods and consumption pricing. The stuff the 99% care about.
The fiscal and monetary policies of the US have been inflationary for some time because.
We haven't stopped printing money since 2008 (other than the taper tantrum).
Rates have been near zero or negative real rates.
The crack down on immigration (illegal or not) means less cheap labor.
Tariff increases and trade wars.
Massive government spending and stimulus.
Regulatory increases.
Minimum wage increases in many states.
Labor shortage due, yes to pandemic, but also an asset bubble that let boomers and some Generation Xers retire early. Also, the labor shortage is not because there isn't free daycare. People can only not work if they have money and the government has been giving it to them.
Skyrocketing housing prices mean skyrocketing property taxes (inflation) as well as rising rents. And if anyone thinks CPI accurately reflects the 50% increase in gas prices we've seen recently, I've got a bridge to sell you. People care a lot more about inflation in general than CPI.
All of these factors built up to what allows the supply shortage from the Pandemic to create inflation. Most analysts just look at the last bullet point though.
The Fed is the problem, not the solution. THE CRASH IS THE ONLY SOLUTION.
The choice is between Too Big to Fail Institutions and the 40% renters with less than $1,000 at the bank This time either way Murphy's law will apply .
Sounds like FED is now out of a magic bullet to manage the economy - They cut interest rates to near zero to stimulate the economy in the pandemic and flood the market with printed money, now they are tapering bond purchases and announce to raise interest rates above inflation rate sooner to control spiral inflation. Inflation may be caused by many factors, not the amount of money only; price increase due to strained supply chain and labor shortage after a long pandemic while the economic recovery relies on consumer consumption. If FED put the brakes so hard, it would affect the company's ability to raise capital that in turn cut back hiring or even lay people off to be afloat, the consumer would not be willing to get a loan for their consumption and tighten their spending that would cause the economy to slow down further.
They will cause a full-blown recession.
Just like Gerald Celente says when they start hiking the interest rates, the markets will crash, it ain’t going to be pretty, this will be the worst financial crash the world has ever seen be prepared, it’s coming supplies are not being distributed by the truckers ...
The Fed mandate is for "Price Stability", not 2% inflation. Alan Greenspan said price stability meant ZERO inflation, if inflation was measured properly. The Fed redefined price stability to 2% inflation
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Major Shortage Alert In 2022: Empty Shelves In Grocery Stores Set To Grow Substantially
Major Shortage Alert In 2022: Empty Shelves In Grocery Stores Set To Grow Substantially
The number of empty shelves in grocery stores is about to grow substantially.
Injection mandates, staff shortages, supply chain issues .
Supply shortages, sick staff and shipment delays during the pandemic have stores struggling to keep inventory on shelves.
Shortages here, shortages there, shortages everywhere.
The number of empty shelves in grocery stores is about to grow substantially.
That happens when you outsource everything for higher profit, and then transport fails, due to sick workers or high oil prices.
We know exactly what destroyed the supply chains.
Forced closures, lockdowns, and failing fiat currency.
It's the Venezuela playbook 2.0...
Hyperinflation is already happening...
Theft is the only thing on the menu.
It's how the bankers get out paying for those IOU Notes and Fake Assets.
When currency becomes worthless, the profit motive diminishes along with it.
I think that there's an element of sabotage going on as well. These congestions in ports ,for instance, would never have happened if the government wasn't intentionally throwing wrenches into the works.
It’s a smoke screen acting like its port congestion. I honestly think most containers arriving are empty because let's face it, there are shortages of EVERYTHING. What better way to blame it on something else.
The breakdown of social order is not far-fetched. It's already here.
It was 13 years of socialism and Weimar Republic money printing that caused shortages.
The worst part of this propaganda about supply chains is that US leadership isn't giving up on socialism and Weimar Republic money printing. They will make excuses rather than change course.
During that time the German government printed money to pay the striking workers not to work. That is what set it off. As long as all of the German marks were getting printed and going abroad there was no cost push inflation inside Germany. Once they started to pay people with printed money not to work, that is when inflation really took off.
Just like they are doing today in paying people not to work. And of course cost inflation is really taking off now. Things are really going to start to break down as we head into the hyper-inflationary curve.
Hyperinflation is coming to America.
These sudden supply chain interruptions and issues are artificially created, like the container ship stuck in the Suez Canal. But it will get worse due to our increasing inflation of our fiat currencies. I’m guessing The Power That Be are just front running the issue, that the sheeple will not connect it with the coming hyperinflation. Remember it’s all by design.
All part of the plan.
It does remind me of the UK after WWII, it carried on with rationing for 5 years after the end of the war.
By then nobody could really remember what pre war life was like, covered up the lost purchasing power after the loss of GRC status nicely.
We are due for another reset.
CBDC's will fail because it represents absolute control over what you will be allowed to buy.
The Bank for International Settlements plans to rule the US from Europe (they believe they already do).
They will fail because people will immediately look for a substitute.
Silver is that substitute.
Gold is the ONLY currency in wartime for more obvious reasons than hyperinflation.
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Inflation is already here - why they didn't see it coming?
I saw inflation coming the second they locked down the world .Especially after all the bailouts during 2020.
Infinite QE, money printing, bond buying, Increased spending, printing billions, running up debt...
Eventually the FED was going to run out of bullets.
Nah! Who could see inflation coming?
The biggest economies in the world were paying people not to produce goods and services (or just boarding them into their homes in China) yet no idea why this inflation fell out of the sky. People often don’t see what they don’t want to see. Because people were so blindly taking handouts.
Because 99% of people trusted their government and their fake consumer price index. Because political pressure to keep the false economy afloat is significantly more important than a solid currency that doesn't rob the middle and lower class via cost of living. Hell, make them more dependent on the government while you're at it - more votes!
Because they have to print. If they stop, the house of cards falls. They literally can’t stop printing now. It’s too late. And it’s been too late for a while.
But Biden just said inflation is an asset .
This is what dumbing down a population looks like. The ending of the destabilization phase and entering the chaos phase. It’s called how to communize a nation through central banking.
The Fed created the word "Transitory" then removed it from existence.
Who? Who didn't see this coming? Who is responsible? Who benefits?
Only those doing as they were told and following orders wouldn't have "seen it coming". They're still wearing the masks which have been effective as both a muzzle and blinders.
Doesn't really matter whether they saw it or not as they have chosen to keep the poor poorer and the rich richer by keeping rates at 0%. I would not be surprised if the federal reserve pushes back on interest rate rises tomorrow and blames it on the economy while carrying on printing trillions.
Treason has infested our republic as government laughs behind our backs! They are all GUILTY!
The classic definition of inflation “ increasing money supply “ has been hijacked also to mean rising prices….. we knew inflation (classic) happened and were simply waiting for it to affect prices……
They saw it coming. Their aim is to collapse the currency. This is intentional. We are being moved into a CBDC slave system.
Anytime they print trillions of counterfeit dollars, we're going to have huge inflation!!!
Anybody with two brain cells to rub together who
Wasn't blinded by mainstream media garbage saw inflation coming.
The most laughable part of this whole ordeal is that the Fed literally set a policy to pursue inflation. Jerome Powell said they would begin seeking a multi year average CPI that is 2%, instead of an annual CPI of 2%. He was quite clear that this policy would result in inflation that was substantially higher than 2% for a period of time.
Only War will save the Feds from having to raise interest rates.
This inflation is not transitory. This is here as long as rates are low and money is printed. Largest debtor in the world is the US government and they will not let rates go up that much, and Wall Street survives on that printed dollars. So guess who get screwed? Middle-class and poor. Like always.
Inflation hidden is a tax and a way to punt responsibility. So convenient that when the war talk is kicking up right when
We are discounting all the dollars that have been created out of thin air through deficit spending, and all those coming down the pork barrel pipe. As depression sets in, asset classes will deflate because people can’t service the debt, consumable commodities like food and clothing are only going to skyrocket.
They saw it coming and they didn't care. It gives them the chance to steal everyone else's property and money. Inflation is taxation without representation, legalized stealing by the government. Pretty soon no one will own their own home in this country, we will be a nation of renters, beholden to the government. for every part of our lives, in other words, Tax Slaves.
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10 Things You Should Do To Prepare For The Imminent Economic Collapse
10 Things You Should Do To Prepare For The Imminent Economic Collapse
The U.S. economy needs a reset if it is to lift all boats, and the sooner the reset occurs, the sooner we can dispense with all the cronyist intervention, self-serving manipulation and exploitive distortion that's turned our economy and society into a speculative casino that only benefits a few insiders and those who know how to rig the game in their favor. When the bubble pops, I do not see how in this fragmented society the center will hold. With the center gone, the supply chains break. Then all hell breaks loose.
Most people are ill-equipped for recession, never mind Depression or Economic Collapse. The secret to riding out a recession is no debt. The government will be bragging about amazing new economic data, winning trade agreement with China, incredible jobs numbers, super-mega worker productivity and corporate profits just as the FED's trading desk swings into high gear to buy up billions of dollars worth of US corporate stock and bonds!
There is NO economy; there is only market manipulation. Realistically, it's too late for most debtors. We have at best a matter of months before the shit hits the fan. If you haven't ferreted away a few years worth of savings by now and vacated major population centers, you're unlikely to survive the Reset.
Zombie corporations and local governments that have been insolvent in all but name will finally go bankrupt, clearing the system of their dead weight.
Economies supporting zombie entities are sacrificing their capital to keep insiders afloat, which leaves less capital to invest in increasing productivity, which is the only way to increase broad-based wealth.
The Everything Bubble will finally pop and a horrific economic collapse will follow the crash. Price discovery will once again be possible, as all the central bank-inflated bubbles will deflate and real demand and supply will set the price of assets. Once central banks have been revealed as powerless, the quasi-religious belief in their omnipotence will dissipate, and people will finally start dealing with the Gilded Age excesses of the past 20 years. Common sense limits on financial predation and trickery will gather support, and tricks like corporate buybacks will be outlawed or restricted. If capital can't earn a low-risk return, then it can't flow to productive uses.Once central bank manipulation fails, capital might demand a yield, and in doing so, it will start a beneficial cycle in which speculation will no longer be enabled and rewarded by zero-interest rates or negative rates. Only those enterprises and households with productive uses for borrowed capital will reckon the interest costs are worth the risk of taking on debt. The bloated, parasitic banking sector will implode, and what's left of it will return to its proper role, a thin, regulated sector of the economy stripped of political power. All the cartels and monopolies that depend on debt will implode: banking, higher education, and ultimately national defense and sickcare, which depend on federal borrowing to fund their predatory pricing. The U.S. economy needs a re-set if it is to lift all boats, and the sooner the re-set occurs, the sooner we can dispense with all the cronyist intervention, self-serving manipulation and exploitive distortion that's turned our economy and society into a speculative casino that only benefits a few insiders and those who know how to rig the game in their favor. A profoundly shattering recession requires patience, fortitude and an awareness that the sacrifices demanded will be worth the pain if we rid our society of at least the top layer of financial and political parasites and predators that have corrupted our economy, our governance and our society. Does anyone really think The Everything Bubble can just keep inflating forever ! Surely nobody is that deluded. When the multitudes of the massive bubbles burst - the pain and sorrow will be Biblical for the common man and family. Not only are we facing the financial-economic debacle to eclipse those of the last several hundred years, this will unfold simultaneously with a grand solar minimum. The combination will be lethal for large swaths of humanity. Deep poverty and plummeting food production can only thin the human herd by hundreds of millions. Or some billions....
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It Will Only Get Worse! Inflation Hits 40-Year High - Prepare Yourself For Painful Cost Of Living
It Will Only Get Worse! Inflation Hits 40-Year High - Prepare Yourself For Painful Cost Of Living
Lockdowns everywhere and everything. It’s for your health.
All small businesses are bankrupt .Too many lives ruined because of these closures .
Ruining lives to "save lives" is the hardest part to understand about everything that's going on.
The real restrictions will be getting worse and worse.
The pandemic restrictions have created 500 new billionaires , and pushed 500 million into poverty .
Largest wealth transfer in human history from the middle class to the elite.
YOU'LL OWN NOTHING AND BE HAPPY.
Welcome to the Great Reset.
The intentional controlled demolition of our socioeconomic systems is well underway.
Just what the government wants! Wants all people to be dependent on them! So they can usher in the great Reset! you don't need a Business. you need to stay home and go broke. it's for your Health!!! Yes you need money to support Survive, but You Will own Nothing and Be Happy. lmao this is what you get when you let the Government become a Tyrant!!!! …. Forget your future! Forget passing your property onto your grandkids (What property)
Remember you will own nothing but you’ll be happy .
We will be lining up for food if people don’t wake up!!!
Our system is built around infinite growth. A constant drive to maximize profits at all times and minimize employee pay and benefits.
It's what's been in The Great Reset plan all along. Our government no longer cares about its citizens.
Want it to change. Stop obeying. If everyone just said no, this would not be happening.
Right in line with governmental plans to destroy the middle class. Keep complying people and this will be the outcome.
The Government wants complete control and no one is to own anything .
What's next? An orchestrated breakdown of the supply chain...
Welcome back to The Atlantis Report.
When we consumers have to pay more -- somebody makes more money. Granted, in some cases, producers' costs go up. But, did line-staff wages increase 7% overall, nationally, last year?
A pattern begins to emerge, and that pattern is the classic infantry tactic of advancing under cover of smoke. The pandemic is the smoke that hides the assault, the advancing infantry are the manufacturers, and the poor sods being assaulted are we the regular folks.
Persistent supply chain backlogs and high consumer demand for goods have kept prices elevated.
The solution, therefore, is quite simple: stop buying so much crap!
Put the money you were going to spend on a new monster flat-screen TV in a mutual fund and watch it grow substantially for a year or two. Repair that old used car of yours instead of buying a new one. Wear your old clothes instead of always buying new stuff. Eat less meat, or no meat at all. Decide that you don't actually need the very latest iPhone or tablet computer or Fitbit. Borrow books from the library instead of wasting money on paperbacks. Honestly, people, stop giving in to the notion that we're driven by endless consumerism and spending. Our landfills are overflowing with stuff we throw away just to make room for new stuff.
The fact is that many of the markets with inflated prices involve necessities.
Housing costs are a big one. Also, it is tough to reduce energy in heating your home in the short term. Total costs to better insulate from electric to heat-pump are also going up. Even the cost of a vegetarian diet has increased (but I don't expect everyone to become a vegetarian). Buying a used car is often the frugal action, but it is used car prices that have the steepest inflation. Car repair shops are finding it hard to maintain skilled staff and their supplies are scarce with costs increasing. It may sound fine to keep wearing old clothes, but kids grow and many adults can't show up at their jobs wearing worn out clothing.
(confession, I periodically throw out my tighty-whities and buy new ones - they just get embarrassing).
The answer is more on the supply side here. We need to reduce the supplier and supply chain tangles. And that depends a lot on dealing properly with covid. Even without covid, there needs to be better diversification of suppliers (with some of that sourcing coming back to the US.)
The governments wanted an offshore supply chain. They cashed in on outsourcing. The showered tax cuts for them for closing down American factories.
And now they're complaining about inflation from supply chain issues?!?
That's hypocritical.
Why the confusion? The reason inflation is raging is the ridiculous, and anti-American worker - decision to move corporate operations and jobs offshore, meaning a majority of products need to be shipped here instead of made here. And basic greed by companies taking advantage of the pandemic and raising prices. This is all on Corporate America and their paid for politicians who enable it all.
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Something really odd is happening at hospitals all over America, no one is talking about it
Something really odd is happening at hospitals all over the country, but no one seems to be talking about it. In one of the strangest years we've had in modern times, there's an alarming mystery surrounding the lives of tens of thousands of Americans. Right now, emergency rooms are absolutely crowded, and with each passing day, they continue to overflow with severely ill patients, but no one can actually explain why this is suddenly happening.
Even though the number of new virus cases in the United States is now less than half of what it was just a couple of months ago, hospitals are still completely packed. As opposed to what many people were anticipating, a decline in the number of confirmed virus cases isn't easing the healthcare crisis we've been facing over the past 18 months.
In every corner of the country, ERs are full. In many cases, seriously ill patients are having to be cared for in the hallways because emergency rooms are unavailable due to the staggering number of patients in critical conditions. We're seeing in our hospitals the type of scene we would typically see in third-world countries in times of crisis. The level of chaos going on right now is absolutely shocking. But the weirdest thing about this is that nobody knows why so many people a suddenly falling sick.
In an article entitled “ERs Are Swamped With Seriously Ill Patients, Although Many Don’t Have [The Virus]," health care workers of the emergency department at Sparrow Hospital in Lansing, Michigan, described the crisis they are facing every day. Their staff members are struggling to care for patients showing up much sicker than they’ve ever seen.
The ER’s nursing director, Tiffani Dusang, is experiencing severe anxiety for having to watch patients lying on a long line of stretchers pushed up against the walls of the hospital hallways. “It’s hard to watch,” she says. All of the ER’s 72 rooms are already filled. If the rate of confirmed virus cases was starting to move upwards again, it would make sense for emergency rooms to be so packed. But that's not the case.
The situation is getting so complicated that even people who arrive by ambulance are not guaranteed a room. The head nurse has to run triage and screen those who absolutely need a bed and those who can wait or get treatment on the hospital's hallways. Months of treatment delays have aggravated chronic conditions and exacerbated symptoms. According to the hospital's doctors and nurses, "the severity of illness ranges widely and includes abdominal pain, respiratory problems, blood clots, heart conditions, among other diseases".
Heart conditions are, in fact, one of the most commonly mentioned health diseases in the past few weeks. Several cases involving young healthy people have made the headlines recently. For instance, a report published a couple of days ago told the story of a healthy high school soccer manager, who greatly enjoyed his team’s championship victory Saturday, and later that evening, he faced a sudden and fatal cardiac arrest.
In a nearby city in the same state, a healthy 12-year-old boy's life was taken too soon because of an issue with his coronary artery. He suffered from a congestive heart failure involving his coronary artery, according to the Allegheny County Medical Examiner’s Office. We commonly see heart problems affecting adults and elderly people with other underçying diseases, such as diabetes, high blood pressure, and high cholesterol levels. The fact that this is happening to healthy young people is not only odd but extremely worrying.
Even athletes with perfect health records are suffering from heart attacks these days. Over the weekend, Barcelona striker Sergio Aguero suddenly collapsed on the pitch during a match against Alaves. The Argentinian was examined by medical staff at the stadium and then he was taken to a nearby hospital to undergo further examination. Aguero has been diagnosed with cardiac arrhythmia, a condition in which the heart's beats don't work properly, causing the heart to beat too fast, too slow, or irregularly.
Unfortunately, cases of young, healthy people suffering from heart complications are becoming all too common. Icelandic midfielder Emil Pálsson suffered from tachycardia during a match in Norway’s second division. "The 28-year-old Sogndal player suffered the attack as the game against Stjordals-Blink entered the 12th minute," his club said in a statement. So many similar cases are being reported on a daily basis. And yet no one knows the cause behind such tragic incidents. Why are so many young people suddenly having such serious heart problems? Is there something the media isn't telling us? Does anyone out there know what is truly going on? There's something really odd going on, and once again, they are not telling us the whole truth.
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Top reasons 2022 will be the year of all supply chain crisis
Port delays due to congestion, quarantines, and shortages of labor and material have the effect of reducing the global supply of available ocean transport.
Half the country got paid to stay at home for six months and ordered a bunch of stuff from China.
When governments worldwide forced lockdowns on their populations, they knew full well what the outcome would be.
Way too many charts to try to explain what is ACTUALLY a planned collapse of the global economic Ponzi.
There is an ocean of empty promises in the world. Government bonds, corporate bonds, stocks, CDSs, CDOs, public and private pensions, real estate loans, student loans, car loans, credit card debt etc. that can NEVER be satisfied.
Only the illusion of "sustainable growth" keeps the mirage from fading but fade it will.
Supply chain issues are only worsening. Global companies will be raising our prices 2 to 3 the normal annual hike due to our costs, supply chain fiasco and short on help. That will all get passed down to the little guy. Energy prices are going to be exponentially higher which will only throw more fuel onto the inflation fire. But the market has been so disconnected from reality who knows how it will actually play out.
Remember inflation is transitory according to the Fed.
But the real Bloodbath starts in April. You Ain't Seen Nothing Yet.
The "global oligarch", Russian billionaire entrepreneur Oleg Deripaska in his Telegram channel spoke about the reasons why America is doomed.
"America can certainly dream that President Xi Jinping will make too many mistakes in the near future or the Chinese bureaucracy will rebel.
The US would like to buy some time, but China cannot be stopped: financial technologies and the digital yuan will provide it with an advantage in global trade, especially when dollar settlements are seriously complicated by sanctions obligations , and a potential reunification with Taiwan in 2025-2026 will not only solve the remaining technological problems, but also make the Pacific Ocean an internal Chinese reservoir.
So, imperceptibly, the American dream can become an American tragedy. But, of course, this will not make it easier for us in that new world, where China is no longer a kind teddy panda, but a strong dragon.
I would very much like to see an updated strategy of Russia in Asia with a serious acceleration in the development of those regions beyond the Ural Ridge, taking into account the new role of China."
This generation will face planned economic collapse, relentless inflation, depopulation , probably mass starvation and a push toward a world wide tyranny. I guess we are going back to step one, hard times.
The great majority of Boomers finished high school after 1970. They graduated into an economy with sky-high interest rates: mortgages 12%-15% or
more. The Arab oil embargo crashed employment. Then it was the economic idiocy of the Carter years. Most of that applies to the Greatest Generation in the years after WWII, not to the saintly Boomers, who are keeping the economy running for now.
10,000 baby boomers retire each day. They have the skills and experience. The supply chain is only going to get worse. As millennials have no skills, nor work ethic to take over.
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