There is just so much going on with ‘macro risk’ developments that it is becoming difficult to keep up with, let alone prepare responses. The EU is talking about implementing a 10% ad-valorem property tax (yup, they’d confiscate 10% of all of the lifetime-accumulated wealth from Europeans) that will purportedly be a one-time event. Governments repeatedly forget that once they cross a certain line the people lose trust in them. Then if they still choose to push a bit further, the people revolt. A year after Weimar Germany implemented just such a move the hyperinflation started because confidence in the German government collapsed. Confidence in government had already been largely ruined by the 1918 German communist revolution which started the Weimar Republic, followed by the Treaty of Versailles which crushingly punished the German people for Berlin’s sins in promoting World War 1. Everyone wanted to ‘buy now’ because they didn’t trust the future at all (it wasn’t just due to money-printing).
Biden’s capital gains tax could plunge the US stock market as financial advisors tell their clients to sell and take profits before the tax is applied. If your share holdings drop by an average of $50 this year, and then rise by $50 next year, you will not get back to scratch because of the tax. That will obviously drive international investment capital away from the US to other alternatives, and will almost certainly reduce tax revenues overall, as such moves have in the past. So much that is going on is destructive just and dumb (or outright crazy) – this is just another of so many cases. Just after activating $6 Trillion in new spending over its first 3 months, the Biden administration now wants to scour our bank accounts for unreported income – and it just mailed my wife and I a notice reminding us how jubilant and grateful to them we should feel for giving each of us a check for $1400 (?). I’m not quite schizophrenic enough yet to feel the joy – but give me a few months of this stuff and I might get there.
A better move would be to remove the tax-exempt status of the self-funded and self-directed foundations that the wealthiest people ever to walk the planet have beeb enable with and have been using as their vehicles to remake society in their personal vision. Bill Gates doubled his fortune after leaving Microsoft by investing in vaccines and then pushing their adoption with nations and international health organizations – and the health benefits have not been so conclusively demonstrated. Soros has funded pro-immigration initiatives and groups like BLM. Fine – he can do what he wants with his money, but if he wants to try to change society to his designs without consulting the people, then at-least tax the @#&% out of him as he’s doing it.
I’ve left COVID and vaccines alone for awhile because they are a subject of so much spin and (concocted) confusion. But as I’ve noted before, all those who lined-up to ‘take the jab’ are actually the test subjects in the vaccines’ clinical trials, since all of them were released without FDA approval in a big hurry. And all because people were told that a 0.05% fatality rate constituted a deadly pandemic and that their proper response should be fear (what happened to ‘keep calm and carry on’ ?) along with bearing significant imposed restrictions on their abilities to work, to assemble and congregate, and to maintain their human relationships. And so many people did what they were told because the confidence in government has until so-far remained intact.
Some noteworthy results may be starting to surface as researchers investigate the source of some of the effects that have been observed in these ‘clinical trials’ (which may violate the Nuremberg Resolutions’ prohibition of medical experimentation on the public). A new research paper reveals that the covid spike protein, which is in all of the covid vaccines, is causing deadly blood clots. The prestigious Salk Institute, founded by Polio vaccine pioneer Jonas Salk, has authored and published a bombshell scientific article revealing that the SARS-CoV-2 spike protein is what’s actually causing vascular damage in covid patients and covid vaccine recipients, promoting the strokes, heart attacks, migraines, blood clots and other harmful reactions that have already killed thousands of Americans (source: VAERS.hhs.gov).
All four covid vaccine brands currently in widespread use either inject patients with the spike protein or, via mRNA technology, instruct the patient’s own body to manufacture spike proteins and release them into the bloodstream. This floods the patient’s body with the particular spike protein that the Salk Institute has now identified as the cause of vascular damage and related events (such as blood clots, which are killing a good number of people who take the vaccines). The Salk Institute article refers to the following science paper published in Circulation Research: SARS-CoV-2 Spike Protein Impairs Endothelial Function via Downregulation of ACE 2. This paper is the first to document the mechanism by which spike proteins — even ones lacking an active viral component — cause vascular destruction by binding to ACE2 receptors and inhibiting the function of cellular mitochondria.
From the paper:
SARS-CoV-1 [Spike] protein promotes lung injury by decreasing the level of ACE2 in the infected lungs. In the current study, we show that S protein alone [i.e., unaccompanied by an active vaccine] can damage vascular endothelial cells (ECs) by downregulating ACE2 and consequently inhibiting mitochondrial function.
Time will bring us more clarity on this (as long as you don’t go to CNN for it). Meanwhile remember this: History shows that it is in times of economic difficulty that wars and other (e.g. domestic) conflicts tend to break out – not when people are ‘fat, contented, and happy’. It also shows that after a period of such difficulty when the public confidence in government finally fades, it can collapse very fast. That will be the point when the movement of capital from public to private assets that I’ve talked about for some time should occur. We may see investors become quite bearish on cash and treasuries, and rotate their capital further into real estate, commodities, collectibles, etc. sharply. Expect volatility to grow high. as well, but not just in markets – in society also.