Category: It’s Probably Nothing

The forever vaccine

Gain of Function It's Probably Nothing 71 Comments

It’s becoming increasingly clear that the mainstream pandemic narrative is collapsing into a heap of naked contradictions and frantic back-pedalling.

Canada now needs to decide whether the goal of its strategy with current generation vaccines is to protect against severe COVID or to try to prevent transmission altogether, Gommerman says, until a new vaccine or variant changes the game.

“If your goal is to prevent infection, we’re just gonna have to keep boosting forever,” Gommeman said.

“Omicron has evolved and it’s so much different than our vaccines and infections prior to Omicron — the type of immunity that you got is just a different beast,” said Sarah Otto, an expert in modelling and evolutionary biology at the University of British Columbia.

“And so what we’re seeing with vaccine protection is that it’s not so much the number of doses as it is how recent your last dose has been, and I think that’s because the neutralizing antibodies in our bloodstream, they’re not recognizing the virus as well.”

Intriguing to note that not one of these experts recalls Geert Vanden Bossche predicting exactly this….two years ago.

A bridge too far

Great Reset It's Probably Nothing 18 Comments

As the left-wing corporate media finally begins to admit that the economy is teetering on the edge of recession, it looks like one of the first casualties will be among investors in the housing market.

In some cases, people are turning to high-interest bridge loans to get themselves out of tough situations, according to Bruce Joseph, founding director of Trident Mortgage Investment Corp. His alternative lending firm, based in Barrie, Ontario, typically serves a niche market of high net worth business owners who can afford to pay interest rates around 7% for financing tailored to their needs. Now that borrowing costs across the board are up — the average of major banks’ five-year mortgage rates runs at 5% — some people who already bought new homes are struggling to offload their old ones. That’s when they turn to alternative lenders like Joseph.

And so it begins…

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The biggest shock is not that Canadian housing prices are falling this quickly, but that most people believed that an economy mired in exponentially rising debt could easily withstand a couple of percentage point rises in the rate of interest.

The problem is the price they agreed to pay for the three-bedroom home in March: C$920,000 ($711,000).

By the time their lender got around to appraising the house in May, it marked the value down to C$800,000. A second appraisal a few weeks later was even grimmer — C$740,000.

Legally bound to the deal but no longer able to obtain a big enough loan to go through with it, the couple pleaded with the seller to nudge down the price. On Thursday, they closed at C$810,000. “We didn’t know that the market would crash,” Habibi says.

No big deal, right?

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With more rate hikes likely to come, has the housing bust finally begun? I’ve seen one pundit call this the equivalent of crossing the event horizon.

The association noted that sales slid as well, with 8,214 residential homes exchanging hands last month, down approximately 35 per cent from last May and eight per cent from April.

“Canadian mortgage rates continue to climb,” said BCREA chief economist Brendon Ogmundson in a press release accompanying the data. “The average five-year fixed mortgage rate reached 4.49 per cent in June. That is the highest mortgage rates have been since 2009.”

War stories

It's Probably Nothing Little Known Facts 127 Comments

Contrary to the emotions evoked by humorous pictures of Ukrainian farmers towing Russian tanks, the war may not be going as well for the Ukraine as the standard narrative would have us believe. They may, in fact, be on their way to losing, underequipped as they are and outgunned by the Russian military. Delivery of NATO armor is simply not going to happen, since it would take months to train Ukrainian soldiers in its use. Besides that, no NATO country wants hardware full of high tech weapons falling into Russian hands.

The Russians are well-equipped with infantry fighting vehicles and tanks, he said, while the Ukrainians have no artillery support. “We’re moving in the tree lines with just Javelins and N-LAWs (shoulder-fired anti-tank weapons). But we are moving without mortars. The problem is we are sitting ducks for their artillery and sniper fire — the advance is not happening,” he said. “To be honest, we are not doing good. We go in with eight to fight 50. Down here, it’s 5-10 km fields, separated by drainage ditches and that’s the only way to move. We know where they are and they know where we are at all times … (We) need to get big guns down here, like yesterday.”

Changing times

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As we await the next move of central banks on the interest rate front, it’s worth noting that the current financial environment, characterized as it is by over 40 years of falling interest rates, is very different from the rising rate environment that lasted from 1947 to 1981. Protecting oneself from the fallout is not going to be as simple as some might think.

[Dollar debasement] encourages the growth of unsustainable models that will lead to bankruptcies when times change. This is a hard one for many investors to see. They think of themselves as smart enough to sell the stock. But the fact is someone owns it all the way down to zero. And some banks lend to these failing enterprises, and at the end of the day may realize pennies on the dollar. The Fed’s credit cycle destroys capital. Keynes and Lenin understood that it generally impoverishes everyone, though they knew that it “actually enriches some.” Even if you are one of the few who are enriched by trading this cycle, you should be aware that it’s destroying the civilization in which you live.

 

Narrative collapse

Great Reset It's Probably Nothing 29 Comments

When the left-wing corporate media starts to become aware of the fact that the economy may not be as rosy as they imagined it to be, you know that efforts to hide the economic consequences of Covid mandates, supply chain snarls and the war in the Ukraine are failing.

“You know, I said there’s storm clouds but I’m going to change it … it’s a hurricane,” Dimon said Wednesday at a financial conference in New York. While conditions seem “fine” at the moment, nobody knows if the hurricane is “a minor one or Superstorm Sandy,” he added.

“You’d better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet.”

Top Gun “Mie Ling Lee”

Claws of the Panda It's Probably Nothing 39 Comments

This feels like it could be an episode on South Park.

Global- Canada alarmed as Chinese fighter pilots ‘buzz’ Canadian planes over international waters

Those jets are frequently flying as close as 20 to 100 feet from the Canadian planes, sources say — so close that Canadian pilots can make eye contact with the Chinese pilots, and sometimes see them raising their middle fingers. The sources spoke on condition of anonymity to discuss sensitive information.

“Safe and Effective”

Basic Dictatorship It's Probably Nothing Safe and Effective Wuhan Flu 24 Comments

Keep on jabbin’.

Wightman was diagnosed with Guillain-Barré Syndrome (GBS), a rare condition that affects the nervous system, just days after his first and only dose of the vaccine. The condition can cause paralysis, muscle weakness, and even death.

Wightman, who worked as a pilot and real estate agent prior to his diagnosis, has spent the last year unable to work. He can’t travel far on his own. But the hardest thing is sitting on the sidelines, unable to do physical activities with his kids, he says.

“Playing soccer with the kids in the yard. My oldest is big into baseball, and one of my favourite things to do is just play catch in the yard, and I can’t do that. That’s hard,” he said.

Default Express

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What could possibly go wrong now that a nation possessing nuclear weapons sits on the verge of bankruptcy? As fiat currencies continue their death spiral, the specter of debt default is moving from the truly marginal economies to the less marginal ones. In this case, things are more worrisome thanks to Pakistan’s chronic association with some notable Islamic terrorists.

Amid the depleting foreign currency reserves and crashing economy, Pakistan is in dire need of USD 36-37 billion in foreign financing in the next fiscal year.

 

Bubble, Bubble Toil and Trouble

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Jared A. Brock- Canada’s Real Estate Market is a Giant Pyramid Scheme

The northern frauds are about to lose all of their smart young people

Millions of Canadian homeowners are now millionaires. To be clear, they didn’t actually earn this money. They just bought a house three to ten years ago, and are now watching their net worths skyrocket by robbing the poorest people in society via engineered inflation.
It’s not their fault, of course, but let’s be honest: They’re also not voting for parties and politicians who would reset the market to sanity and implement long-term affordable homeownership.
That would crush their unearned net worths.

I Don’t Think It’s Because of the “Quality”

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Wall Street Journal- The Average Age of Vehicles on U.S. Roadways Hits a Record 12.2 Years

Drivers are holding on to cars and trucks longer to avoid high prices on replacements and an inventory shortage at dealerships. This was the fifth straight year the average vehicle age in the U.S. has increased, according to new data released Monday by research firm S&P Global Mobility. Vehicles on average have been getting older in the U.S. for the past two decades as quality has improved and cars generally are lasting longer, analysts say.

Let Them Eat Davos

It's Probably Nothing War On Agriculture 26 Comments

World has 10-week supply of wheat, expert tells UN Security Council.

“This isn’t cyclical. This is seismic,” Menker said during a special meeting of the UN Security Council. “Even if the war were to end tomorrow, our food security problem isn’t going away anytime soon without concerted action.”

Before the Russia-Ukraine conflict began, the two countries supplied a combined one third of the world’s wheat exports and were in the top five exporters of corn. Coupled with widespread fertilizer shortages, supply chain issues and record droughts, the world has about 10 weeks worth of wheat on hand, Menker said.

China has been hoarding grains for over a year.

In Saskatchewan, overall spring seeding is running behind schedule, due to cold and wet.

Drip, drip, drip.

When You’re “Done” Done

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ZeroHedge- The Epidemic Nobody Talks About: Burnout

The epidemic kind of burnout isn’t temporary. Taking a weekend off doesn’t restore one’s ability to work. This kind of burnout is the collapse of one’s ability to go to work at all, a physical, emotional and psychological collapse.

Burnout isn’t just the result of overwork. It’s the collapse of the entire no limits, self-exploitation way of life.

People who haven’t burned out are at a loss to understand this collapse, as it’s so far outside their experience. Those who love their jobs and have boundless energy can’t understand those who have been running on empty for far too long and are now too exhausted to get out of bed.

The Monkeys are Coming

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Daily Mail- UK monkeypox alert as health chiefs detect another FOUR cases of killer virus with NO links to Africa — as gay and bisexual men are urged to look out for ‘unusual rash’

The rare tropical disease, which causes flu-like symptoms and blisters on the skin, is caused by a virus spread by monkeys, rats, squirrels and other small mammals. A World Health Organization report last year suggested the natural R rate of the virus – the number of people each patient would infect if they lived normally while sick – is two. But the real rate is likely much lower because ‘distinctive symptoms greatly aid in its early detection and containment,’ the team said, meaning it’s easy to spot cases and isolate them. Up to 10 per cent of people who become ill with monkeypox will die and most deaths from the virus occur in younger age groups, according to the WHO. The first case of monkeypox in a human was recorded in 1970 in the Democratic Republic of the Congo and has since been detected in a number of central and wester African countries.

Watch out for the bears

Great Reset It's Probably Nothing 13 Comments

If anyone thought that the economy could be shut down for two years, inundated with green energy boondoggles, get involved in a war and just seamlessly recover, we have news for you. It turns out that the economy is not just like a VCR where you can hit “pause” and “play” as often as you like.

US stock futures slumped again, extending yesterday’s brutal selloff that erased $1.5 trillion in market value on concerns about everything from slowing growth, to Chinese lockdowns, to soaring inflation and tightening monetary policy. Contracts on the S&P 500 were down 1.2% 7:30 a.m. in New York, having earlier dropped to 3,856, one point away sliding 20% from January’s all time highs, and triggering a bear market.

 

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