Omnia mutantur, nos et mutamur in illis

 

With More Than One Million Chinese Living in Africa and no Strict Controls at Airports, the Dark Continent is Where the Coronavirus Outbreak Will Totally Explode Out-Of-Control as Health Workers Warn They Are Definitely not Ready to Face a New Epidemic

Ethiopians are slamming their government for not stopping China flights

"When the music finally stops, the perma-bubble bulls will be looking for that proverbial “seat” in all the wrong places. But the next stampede of capital will be out of stocks, bonds, cryptos and “investment” homes and into physical gold, silver and mining stocks. Over the completion of the current market cycle, we estimate that roughly half of U.S. equity market capitalization will simply vanish. Nobody will “get” that wealth. It will simply disappear, like a game of musical chairs where players think they've won by finding chairs as the music stops, and suddenly feel them dissolving as if they had never existed in the first place..."

Sven Henrich: "...This is mass destruction.

The Next Crisis: Food

Food Is The Problem & Solution: This Video May Knock Your Socks Off

"Central banks and governments can mask this in the short-term by substituting bailouts for revenues, but bailouts are not sustainable replacements for revenues, incomes, profits and debt service. The global economy has already fallen out of its sustainable envelope, and the only questions are its rate of descent and how long the remaining fuel will last.
There is no way authorities can limit the coronavirus and restore global growth and debt expansion to December 2019 levels. This is not what people want to hear, but it's the reality we will have to deal with." - Charles hugh Smith

US National Debt Spiked by $1.5 trillion in 6 Weeks, to $25 trillion. Fed Monetized 90%

Prepare For Hyperinflation & Inevitable Currency Collapse

A testimony to the success of the immersive brainwashing of our capitalist society would be the pro-covid rallies (what else can you call them?) Screaming signs being held by screaming protesters—those demanding that restrictions be removed so commerce can continue despite the risks. The rallies don’t ask for the kind of support the corporations get during these times–no, they request the right to die in order to keep the wheels greased. It’s really pretty astonishing. Like an Aztec saying, please, please take me instead…..”I want my heart cut out for the needs of the sun god!”
But many of the protesters look to be retirement aged. They are protesting for others to be put in harm’s way to serve them. This is part and parcel of capitalism’s thick and smothering entitlement. Capitalism’s Voracious Appetite: Bodies are the Commodities

Stupidity Chapter VIII: "Bandit", one that harms others while gaining self advantage (Cipolla calls them “bandits”). ...If we don't know who they really are, how to defeat them? More here

Precious metals expert and financial writer David Morgan says the entire world is printing huge amounts of money, and nobody ever plans on paying any of it back. It’s all going into the so-called “Everything Bubble” that gets stretched a little more each and every day. With another $1.9 trillion Corona stimulus package that just passed in the Senate, we are getting closer to finding out how much funny money a country can print out of thin air before it all blows up. Morgan says, “It’s all about the currency reset or currency crisis that I have been writing and talking about for so long. So, if you don’t trust the currency du jour, the U.S. dollar which is the reserve currency of the world, you are going to look for some place to go that you trust more than that. I think this is what the Bitcoin phenomenon is all about. Rich people don’t need another country home of a third yacht. So, they are going to put money in something they trust more than the U.S. Dollar. . . . I think it‘s an indicator that there is money, big money, that is scared to death about what’s going to happen with the dollar in the future, and they are seeking a place to park it. There is greed too, but the primary thing they are looking for is something that is outside the system at large.”

Morgan has long predicted a “Great Silver Crisis” is coming. While the price of the white metal has backed off recently, it is still way up from last year. Morgan thinks silver is still the most undervalued asset out there, and he expects more frenzied buying as people flee fiat currencies printed to infinity. He also predicts very big price moves higher at some point after years of manipulation. Morgan thinks, “The Great Silver Crisis’ is starting now.”

Morgan warns, “We are reaching a limit on everything across the board with the ‘Everything Bubble,’ the overvalued ‘Everything Bubble.’ What is not overvalued? It’s pretty much the commodities. We are going from a financial economy where 70% is a consumer economy to an economy of what is needed. This is the commodity sector. You need corn, wheat, rice, soybeans, cotton and look at lumber. I mean all these things are going up. The financial system that is running 40% of the economy is just paper promises going back and forth across trading desks all day. We are not a productive society.”

In closing, Morgan says, “You can hobble along with an injured leg for a long time as a metaphor, but there is a point that you can’t go any further, and I think we are reaching that point. The silver market is signaling something. The Treasury market is signaling something. I think the stock market with the NASDAQ getting hammered is signaling something. I think the Bitcoin surge is signaling something. I think there are a lot of clues out there, that if you stop and look, they are signaling loud and clear that we are getting very close to what I am calling “The Great Currency Debacle” or currency crisis I have warned about for years.”

Join Greg Hunter as he goes One-on-One with David Morgan, publisher of “The Morgan Report” Video here

 

Perth Mint says it has enough silver in stock following online claims the refinery is defaulting