What ‘The Great Reset’ Architects Don’t Want You To Understand About Economics

What ‘The Great Reset’ Architects Don’t Want You To Understand About Economics
Tyler Durden
Sat, 10/24/2020 – 19:30 Authored by Matthew Ehret via The Saker blog,

It shouldn’t come as a surprise that the Vice President of the World Bank Carmen Reinhardt recently warned on October 15 that a new financial disaster looms ominously over the horizon with a vast sovereign default and a corporate debt default. Just in the past 6 months of bailouts unleashed by the blowout of the system induced by the Coronavirus lockdown, Reinhardt noted that the U.S. Federal Reserve created $3.4 Trillion out of thin air while it took 40 years to create $14 Trillion. Meanwhile panicking economists are screaming in tandem that banks across Trans Atlantic must unleash ever more hyperinflationary quantitative easing which threatens to turn our money into toilet paper while at the same time acquiescing to infinite lockdowns in response to a disease which has the fatality levels of a common flu.

The fact of the oncoming collapse itself should not be a surprise- especially when one is reminded of the $1.5 quadrillion of derivatives which has taken over a world economy which generates a mere $80 trillion/year in measurable goods and trade. These nebulous bets on insurance on bets on collateralized debts known as derivatives didn’t even exist a few decades ago, and the fact is that no matter what the Federal Reserve and European Central Bank have attempted to do to stop a new rupture of this overextended casino bubble of an economy in recent months, nothing has worked. Zero to negative percent interest rates haven’t worked, opening overnight repo loans of $100 billion/night to failing banks hasn’t worked- nor has $4.5 trillion of bailout unleashed since March 2020. No matter what these financial wizards try to do, things just keep getting worse. Rather than acknowledge what is actually happening, scapegoats have been selected to shift the blame away from reality to the point that the current crisis is actually being blamed on the Coronavirus! ...read more

NASA Awards Houston Space Firm $47 Million Moon Drilling Contract

NASA Awards Houston Space Firm $47 Million Moon Drilling Contract
Tyler Durden
Sat, 10/24/2020 – 19:00

NASA selected Houston-based company Intuitive Machine to land an ice-mining drill on the moon’s south pole by December 2022.

The space agency agreed to pay Intuitive Machines $47 million to land Polar Resources Ice Mining Experiment (PRIME-1) on the moon in the first-ever mining mission to drill below the lunar surface, in search of water ice. A mass spectrometer will be used to determine how much of the ice changes from solid to vapor on the lunar surface vacuum. The data will assist NASA’s rover, the Volatiles Investigating Polar Exploration Rover (VIPER), searching for water ice at the moon’s pole to determine an area that will support a human presence in 2024

“We continue to rapidly select vendors from our pool of Commercial Lunar Payload Services (CLPS) program vendors to land payloads on the lunar surface, which exemplifies our work to integrate the ingenuity of commercial industry into our efforts at the Moon,” said NASA’s Associate Administrator for Science Thomas Zurbuchen. ...read more

The Damage Russiagate Has Done

The Damage Russiagate Has Done
Tyler Durden
Sat, 10/24/2020 – 18:30 Authored by Patrick Lawrence via ConsortiumNews.com,

Authoritarian liberals have unleashed a censorious syndrome peculiar to our national character, dating to 17th century Quaker hangings in Boston. 

An inhabitant of Twitterland named “Willow Inski” took to the keyboard on Oct. 11, asking why anyone still accepts official accounts of the crucial theft of emails from the Democratic National Committee and Clinton campaign manager John Podesta in the spring of 2016.