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Mon, 17 Feb 2020
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Engdahl: Will coronavirus in China trigger worldwide depression? US economy already fragile


Comment: At this point, we don't think there's much to the 'coronavirus' outbreak. BUT China is sure behaving as if there is, tempting other countries to isolate themselves from her and bringing about the scenario outlined here...


china stock
Historically the greatest economic depressions have started with unexpected events on the periphery of major financial markets. That was the case in May 1931 with the surprise collapse of the Austrian Creditanstalt Bank in Vienna which brought the entire fragile banking system of postwar Germany down with it, triggering the Great Depression in the United States as major US banks were rocked to their foundations. Will it be again an unanticipated event outside the financial markets, namely the China 2029 Novel Coronavirus and its effects on world trade and especially on US-China trade that triggers a new economic depression?

Until around January 20 when the news broke about the coronavirus exploding in China's Wuhan and surrounding cities, global financial markets and especially in the US were optimistic that the combined actions of the Federal Reserve to pump in more liquidity and of the Trump Administration to do all possible in an election year would keep the economy positive. Stocks continued their artificial climb as Fed liquidity fueled the fires of the most overvalued stock market in US history for January.

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Fire

LA Fire Department buys first electric fire engine, can run for less than two hours - has back up diesel generator

fire engine

Los Angeles Fire Department (LAFD) Chief Ralph Terrazas (pictured) said in a statement: ‘I am excited that we are the first Department in North America to order this cutting-edge fire engine.’
The Los Angeles Fire Department is set to become the first fire department in North America to purchase an electric fire engine.

Developed by the Austrian firm Rosenbauer, the rig will be custom made to fit LAFD's needs, as well as safety standards set by the National Fire Protection Association.

The electric fire truck will have two batteries with a charge capacity of 100 kilowatt-hours, which is two hours of consistent operation.

The Department expects to take delivery of the new engine in early 2021 and will likely assign it to Fire Station 82 in Hollywood.


Comment: Hollywood, of course...


Los Angeles Fire Department (LAFD) Chief Ralph Terrazas (pictured) said in a statement: 'I am excited that we are the first Department in North America to order this cutting-edge fire engine.'

Comment: It's products like this that really only serve to further prove the current unviability of electric vehicles, as well as how dangerously out of touch with reality their fanatics are.

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Chart Bar

Survey finds people who identify as left-wing more likely to have been diagnosed with a mental illness

political compass
A new survey of more than 8,000 people has found that those who identify with left-wing political beliefs are more likely to have been diagnosed with a mental illness.

Ann Coulter's "liberalism is a mental disorder" catchphrase has become something of a clichéd meme, but the data appears to support it.

Carried out by Slate Star Codex, the online survey collected a wealth of data from respondents about their education, demographic, lifestyle and political views.

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Stock Down

Baltic republics' "de-Russification" sees increased poverty and depopulation

baltic countries
Pensioners in the Baltic States of Latvia, Lithuania and Estonia are more exposed to the risk of poverty than pensioners in other European Union (EU) countries, according to Eurostat data for 2018 that was published only last week. The average EU figure was 15% but 54% of citizens over 65 in Estonia are at risk of poverty, with the figure at 50% in Latvia and 41% in Lithuania.

In addition, the difference between third and fourth place on the list is large, with the next country Bulgaria sitting at 30%. The lowest rates were recorded in Slovakia (6%), France (8%), surprisingly Greece (9%), and Denmark, Luxembourg and Hungary (10%). The Eurostat data also found that between 2010 and 2018, women retired were at 3-4% more risk of poverty than men. Two years ago, the largest gender gap was in Lithuania (18%), Estonia (17%), Bulgaria (15%), Czech Republic (13%), and Latvia and Romania (11%), while in Spain, Malta and Italy, men aged 65 and over were at the highest risk of poverty. The Baltic States are regularly featured at the top of EU lists looking at in living standards. In February last year, Eurostat ranked Lithuania in the top five countries with the highest risk of poverty - not that neighboring Latvia and Estonia performed much better.

In Latvia, retirement age has increased, the minimum pensions will be calculated on a certain basis, and residents will be able to inherit their second pillar pension capital - this is the kind of change that the Latvian population will face in 2020. The retirement age in Latvia has been increased once more by three months. Persons over the age of 63 and 9 months are now eligible to retire if their insurance record is at least 15 years.

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NPC

Florida man who drove van into GOP voter tent said it was because he 'does not like' Trump

voter tent
© Duval County GOP
The Florida man who was arrested last weekend after allegedly ramming his van through a Republican voter registration tent told police that he was motivated by an opposition to President Trump.

In a new redacted arrest report, the Jacksonville Sheriff's Office said that Gregory Timm "advised that he does not like President Trump" after officers interviewed him at his residence the day of the alleged attack. The report added that another reason he drove his van through the tent was because "it's like someone shitting on your grave." A third motivating factor was redacted.

Timm, 27, was arrested on Saturday and charged with two counts of aggravated assault, one count of criminal mischief and driving with a suspended license. Police announced the day of his detainment that they were launching an investigation into whether the incident was politically motivated. There were no reported injuries stemming from incident.

The new police report noted that multiple victims were forced to scramble away from the tent to avoid being struck as Timm's vehicle rammed through the registration tent. Police said that the car knocked over the tent and several tables and chairs. Timm then got out of his car, took out his phone and flipped the victims off, according to the report.

Comment: Media coverage of the incident has been minor, however if it had been a democratic voter registration booth, the media would have a field day. RT reports:
While the incident has not been entirely ignored by the mainstream media, the coverage has been subdued. There appeared no pieces on "growing violence," "domestic terrorism" and other familiar themes that often spring up in wake of attacks where the perpetrator is even suspected of having right-wing beliefs.

The muted coverage has angered Donald Trump supporters, and Trump Jr. lead the charge on Tuesday, to vent his anger over what he said was selective coverage of the attack.

"Where is the outraged media? Why are they so silent on this? This would be the number one story in the world right now if it was a Trump supporter doing it to a group of liberals," Don Jr. wondered.




Attention

Female athletes file Title IX lawsuit to reverse unfair trans rules

Terry Miller Andraya Yearwood transgender
© AP Photo/Pat Eaton-Robb
Bloomfield High School transgender athlete Terry Miller wins the final of the 55-meter dash over transgender athlete Andraya Yearwood and other runners in the Connecticut girls Class S indoor track meet at Hillhouse High School in New Haven, Conn.
On Wednesday, three high school girls and their mothers filed a Title IX lawsuit against the Connecticut Interscholastic Athletic Conference (CIAC), challenging the rules that allow biological males to compete in women's high school sports. The lawsuit alleges that CIAC and other education officials violated Title IX of the Civil Rights Act by discriminating against girls and failing to provide effective accommodation to allow girls to compete on a level playing field.

High school senior Chelsea Mitchell, the fastest biological girl in Connecticut who has nonetheless lost four state championships to male competitors who identified as female, told PJ Media what it feels like to train as hard as she can without hope of ever emerging victorious. She joined the lawsuit in order to secure a fair playing field for girls to compete.

"It's very unfair for me and the other girls to race against biological males. It has inspired me and the other girls to stand up and fight for our right to compete and to have a fair competition," Mitchell said. She went on to describe the experience of competing against males in women's sports.

"Lining up against them is very intimidating. It's also frustrating and disheartening to know that they had an unfair advantage against me," the track star confided. "I've really felt defeated. There really isn't much more I can do than just run my race every time. Every race I've ever run against the biological males, I've lost. It's definitely very defeating. It makes you wonder why you're continuing to run."

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Cow

Anti-meat agenda damaging farmers' mental health, says NFU

meat butcher counter
Farmers are feeling "hurt and demoralised" by the anti-meat agenda that has labelled them the problem and not part of the solution to mitigating climate change, according to NFU president Minette Batters.

The simplistic argument that meat is bad and plant-based alternatives are good has been "enormously detrimental" to farmers' mental health, she warned.

Acknowledging that the farming industry will undergo huge change, Ms Batters said the NFU had a duty of care to show how livestock farmers are part of the solution to achieving net zero greenhouse gas (GHG) emissions by 2040.

Comment: The anti-global warming agenda is harmful to people in multiple ways and it seems the farmers are some of the worst hit. Widespread disinformation has lead people to believe that farmers are somehow the 'enemies of the environment' - a truly backward sentiment.

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Snakes in Suits

Wall Street bankster Lloyd Blankfein warns: "Russians will reconsider who to work for" if Sanders clinches nomination

Lloyd Blankfein
Just when it looked like Bernie Sanders would become the first avowed Democratic Socialist to win the Iowa caucus, the Iowa DNC delivered a political slide tackle with their botched polling map, effectively robbing Sanders of a considerable amount of momentum.

But Sanders and his band of white college-educated liberals and hackey-sacking "Bernie Bros" soldiered on from the disaster in Iowa and managed to clinch the first place finish in New Hampshire, sending a jolt of apprehension through corporate America.

As Sanders delivered his triumphant victory speech, one of America's most famous capitalists, a man who led "the Vampire Squid" Goldman Sachs during one of the most ruthless periods in the bank's history, decided to weigh in on Twitter, which he uses pretty sparingly to share his views on politics and public affairs.

Lloyd Blankfein tweeted that if Sanders wins the nomination, "the Russians will have to reconsider who to work for to best screw up the US."


Sure, Blankfein might have a point: wasting hundreds of billions of taxpayer dollars to pay off private debts is obviously terrible public policy, unless you're doing it to stave off a devastating economic crisis. And at least when the banks got bailed out, they paid taxpayers back.

Comment: See also: Bankster Blankfein hauls in $21M, makes him highest-paid banker


Family

The making of trans children

gender dysphoria
Campaigners, doctors and teachers have turned a fringe idea into a worrying reality.

Should schools have gender-neutral uniforms? Should tampons be available in the boys' toilets for pupils who were born female but now identify as male? Which changing room should transgender pupils use after PE lessons? Should parents be informed if their daughter asks to be treated as a boy at school? Should transgender children be prescribed hormones to delay the onset of puberty?

Discussion about the treatment of transgender people often focuses on the experiences of children. In part, this is because it is down to adults to determine what is in a child's best interests, and what is best for transgender children is fiercely contested. But it is also because transgender activists make children the focus of campaigns, television programmes and teaching materials.

Children serve as a useful moral shield for transgender activists, deflecting questions and criticism. The very existence of trans children lends support to their claim that people are born with a sense of gender identity, that sometimes a male brain develops in a female body and vice versa. The figure of the trans child, now ingrained in the popular imagination, makes it seem as if transgender people have always existed. This, in turn, lends further weight to the argument that being transgender is an innate characteristic. Inventing Transgender Children and Young People, a new book edited by Michele Moore and Heather Brunskell-Evans, shatters each of the convenient myths that have built up around the transgender child.

Attention

'Dirty streets and human waste?': Twitterati scorns report naming San Francisco one of US' healthiest cities

San Francisco
© REUTERS/Beck Diefenbach
A new report names San Francisco, California the healthiest city in the United States, but the public seems skeptical, considering the endless coverage of the city's homeless crisis and unsanitary streets.

Though WalletHub is typically used to check credit scores, it turned its attention recently to grading cities in the United States based on how 'healthy' they are. According to their experts and number crunching, San Francisco came out on top.

This has come as a surprise to many as every outlet from Fox News to the New York Times has dedicated coverage to the city's exploding homeless population and feces-covered streets.

'Walking San Francisco's Dirty Streets,' a video from NBC released last July, sent journalists on an adventure across the streets littered in used drug needles, feces and garbage. In December, the city's Public Works Department reported over 30,000 cases of "human or animal waste" in public, and that is an increase over 2018.

Comment: Let's not forget Paul Joseph Watson's take on San Francisco - "America's biggest public toilet":