Everyone wants the virus gone. Everyone wants to go back to “normal.” But as I’ve shown you, this is tough to do.
With everyone sitting at home, there’s been some interesting side effects. For instance, while millions are having their pay reduced as they’re shut in, the gals that do “cam work” are raking it in. If you don’t know what cam work is, there’s hundreds of sites, where women mostly, do all manner of sex acts on a web cam, and people “donate” to their favorites to watch them. I’ve read where some gals are seeing 400% increases in income.
Likewise the outright porn sites. Traffic to some of these sites are up 250%. With nothing to do buy read books, clean the house, and watch Netflix, many have decided to fill some of their time with porn. Go figure.
But there’s a downside to all this movie watching and downloading of streamed sexy gals doing naughty things. The Internet cannot carry the traffic. In the last few days, the amount of times that cell service, and cable internet service have gone up and down like a yo yo, is increasing. All that streaming is gobbling up bandwidth at an enormous pace.
On Tuesday, I had all I could do to get updates posted. Usually when I’m having Internet troubles, I simply turn my phone into a “hotspot” and carry on with that. Well, think of all the people watching movies on their phones. That spectrum is being gobbled up too. Often the latency was so bad, pages would time out, instead of opening.
The more people that are told to work from home, or those shut in, will make this problem worse. Internet carriers are already warning people that they’ve got to throttle them from High Def, to normal video, because they can’t handle the traffic.
I have mentioned “ripple” effects many times over this shut down of business. As I’ve said it’s like the waves in a pond when you toss in a big rock. It keeps spreading out. When an announcement is made that all restaurants have to close, most people think “oh my that’s so bad for the poor cooks and waitstaff!” and it is. But that’s just the tip of the iceberg. For instance, take my friends on the Jersey shore, that make their living doing aquaculture. They grow clams for the NJ restaurants and the NY Market.
Well guess what? No restaurants means no demand for clams and thus, these guys have no income. The price of lobster fell, because Maine could no longer ship to China and now they’ve got gobs of lobster, and no customers. This is the second ripple in the pond.
To aquaculture clams and oysters, you literally rent some bay bottom from the state, and you “seed” your beds with clam/oyster seed, and then cover the seeds with mesh, so the fish/crabs don’t eat them. Well, the seed sellers get no more orders. They use boats to go out to the clam beds. Boats need fuel. So the boat docks aren’t making gas money. Third ripple.
On and on it goes. What about the guys that make the lobster traps? What about the Marina’s that slip the boats? What about the sack makers that the clams go in? I could go on for ever. My point is that there’s side effects to all this, that the average person doesn’t think through.
In 1980, Milton Friedman did a 10 hour PBS series about free markets. One of the most poignant statements of the entire presentation was about the lowly “lead pencil” Check it out:
Look at this lead pencil. There’s not a single person in the world who could make this pencil. Remarkable statement? Not at all. The wood from which it is made, for all I know, comes from a tree that was cut down in the state of Washington. To cut down that tree, it took a saw. To make the saw, it took steel. To make steel, it took iron ore.
This black center—we call it lead but it’s really graphite, compressed graphite—I’m not sure where it comes from, but I think it comes from some mines in South America. This red top up here, this eraser, a bit of rubber, probably comes from Malaya, where the rubber tree isn’t even native! It was imported from South America by some businessmen with the help of the British government.
This brass ferrule? I haven’t the slightest idea where it came from. Or the yellow paint! Or the paint that made the black lines. Or the glue that holds it together. Literally thousands of people co-operated to make this pencil.
People who don’t speak the same language, who practice different religions, who might hate one another if they ever met! When you go down to the store and buy this pencil, you are in effect trading a few minutes of your time for a few seconds of the time of all those thousands of people. What brought them together and induced them to cooperate to make this pencil? There was no commissar sending out orders from some central office. It was the magic of the price system: the impersonal operation of prices that brought them together and got them to cooperate, to make this pencil, so you could have it for a trifling sum.
That is why the operation of the free market is so essential. Not only to promote productive efficiency, but even more to foster harmony and peace among the peoples of the world.
That’s a pencil. Look at all the “people” needed to make that one tiny item. Now think about the scope of the damage from ALL MANNER of stuff not being made or shipped ( Except toilet paper, which for some odd reason people have equated to platinum) The extent of the ripples, far exceeds what most people ever considered.
Now, some things are NOT a side effect of this. In fact, it’s absolutely deliberate. We are hearing that in the pork injected in the bail out bill, is supposedly the creation of a new US Digital dollar, and digital wallet.
Pelosi’s “Take Responsibility for Workers and Families Act” and the “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321),” introduced by Maxine Waters of Financial Services Committee, introduced these concepts as a way of delivering the economic stimulus payments to U.S. citizens.
This is from Forbes: The bill establishes a digital dollar, which it defines as ‘a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve Bank or ... an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System).’ Additionally, a digital dollar wallet is identified as ‘a digital wallet or account, maintained by a Federal reserve bank on behalf of any person, that represents holdings in an electronic device or service that is used to store digital dollars that may be tied to a digital or physical identity.’
I think you should read the article, it’s here:
Whether you think this virus was by accident, leaked, released by China, or set upon China doesn’t matter. What matters is the amount of crap that’s going to come out of it.
Don’t you find it amazing that just like when 9/11 happened, within two weeks we heard of the “Patriot” act and a month later it was passed as a bill. A 3,000 page bill, with far reaching powers, laws, etc, was drawn up in weeks? Hell no, it was created many months before those towers came down. It was part of the plan.
Now we’re seeing 1100 page Democratic proposals, and the possible launch of a US digital currency? Folks, this stuff didn’t get dreamed up over the past couple weeks. This stuff’s been in the pipeline for a LONG time. They just needed their event. Well they got it and here comes the crap they planned for it.
Everyone wants the virus gone. Everyone wants to go back to “normal.” But as I’ve shown you, this is tough to do. Every day, as we do more testing, we find more cases. Every day there’s more shut in’s, etc. While we might see “a” bottom being set in the market, it is probably not THE bottom. We’re stupid overdue for a small counter rally. But to think it will hold, is a stretch.
Be cautious. Buy gold and silver. Stay safe.