Jim Quinn: Fear Of Our Escalating Power Is Leading Elites To Increasingly Reckless Directives

Jim Quinn: Fear Of Our Escalating Power Is Leading Elites To Increasingly Reckless Directives

Authored by Jim Quinn via The Burning Platform blog,

The Wall Was Too High, As You Can See

Hey you, out there in the cold
Getting lonely, getting old
Can you feel me?
Hey you, standing in the aisles
With itchy feet and fading smiles
Can you feel me?
Hey you, don’t help them to bury the light
Don’t give in without a fight

Pink Floyd – Hey You

I wrote an article in December 2012, a week after the Newtown school shooting, called Hey You. My interpretation of this classic Pink Floyd song was related to how our culture has created generations of alienated and isolated people, allowing Big Pharma to peddle their pharmaceutical concoctions to the masses as the “easy” solution to living “normally” in a profoundly abnormal society. My contention was these mass shootings by young men (Newtown, Columbine, Aurora, Virginia Tech, Tucson) were caused by the Big Pharma psychotropic drugs prescribed to all these young killers by sick industry peddlers (aka physicians).

The hugely profitable Big Pharma solution to alienation, isolation and depression is drugs that turn a percentage of those afflicted into psychotic killers. The article’s premise was how our techno-narcissistic society, encouraged and enabled by our totalitarian overlords through mind manipulation, drugs, public education indoctrination, and propaganda, has purposely created the alienation, isolation, and hopelessness to further their goals of power, control, and wealth.

When it comes to dystopian literature, there is always a clash between Huxley’s softer totalitarianism versus Orwell’s boot on your face tyranny when assessing how our governments enforce their dictates upon their subjects. The Wall certainly has an Orwellian bent, as it explores the issues of abandonment, isolation, alienation, authoritarianism, the brutality of war, a tyrannical conformist educational system, and the walls individuals and society build to protect themselves from having to confront reality and deal with the consequences of their actions.

Once alienated from society, having built a wall between yourself and the outside world, attempting to reengage with society can be almost impossible, as the wall becomes too high, and no one can hear your pleas. Sometimes, there is no escape.

The opening lyrics are haunting to me. I have felt like I’ve been out in the cold since the outset of this pandemic of herd madness in March 2020. I’ve gotten older and feel older. While family, friends, and coworkers have been drawn into this vortex of falsity, I feel like I am standing alone behind walls constructed by the government, the media, and society in general. It’s lonely when you chose to make a stand against the lies being peddled 24/7 by corrupt politicians, fake news pundits, faux medical “experts” bought off by Big Pharma, mega-corporations, and Hollywood propagandists playing their parts. These demonic forces have tried to bury the light of truth under an avalanche of lies.

I’m unsure of their true purpose, but I am sure it will not be beneficial to me, my family or the honest hard-working people trying to survive this dystopian nightmare. Most days it feels like the evil forces arrayed against me and other lovers of liberty and freedom have the upper hand and cannot be defeated. I do feel isolated and alienated from the majority, as they have been psychologically manipulated to obey their masters, as their double vaccine dose, now requires a booster after six months, and will require annual boosters for eternity. They will unquestioningly submit, without ever using their critical thinking skills to grasp these are not real vaccines and do not work. I will not give in to their mass psychosis.

Since I was relating the song to the Big Pharma drug induced mass shootings, my 2012 article gravitated towards Huxley’s view of totalitarianism, as he believed our overlords would use pharmaceuticals, conditioning, and mind control to achieve their evil means.

“A really efficient totalitarian state would be one in which the all-powerful executive of political bosses and their army of managers control a population of slaves who do not have to be coerced, because they love their servitude.” – Aldous Huxley – Brave New World

“And always, everywhere, there would be the yelling or quietly authoritative hypnotists; and in the train of the ruling suggestion givers, always everywhere, the tribes of buffoons and hucksters, the professional liars, the purveyors of entertaining irrelevances. Conditioned from the cradle, unceasingly distracted, mesmerized systematically, their uniformed victims would go on obediently marching and countermarching, go on, always and everywhere, killing and dying with the perfect docility of trained poodles.” –  Aldous Huxley

My dire view of our future was just as grim nine years ago as it is today. My belief was the alienation and isolation created by our sprawling, automobile dependent, technology obsessed, government controlled, debt financed society had spread like a cancerous tumor, slowly killing our country. As with most of my early articles I gravitated towards our dire fiscal situation and how it was surely unsustainable. My example was:

Since 1979, Total Credit Market Debt in the United States has risen from $4.3 trillion to $55.3 trillion, a 1,286% increase in 33 years.

It had gone up $51 trillion in 33 years. Well guess what? It now stands at $85 trillion, up another $30 trillion in 9 years, with no deceleration in sight. Since I wrote that 2012 article, the national debt went from $16 trillion to $29 trillion (up 81%), GDP went from $16 trillion to $23 trillion (up 44%), the Dow went from 13,000 to 36,000 (up 177%), and consumer debt went from $2.9 trillion to $4.4 trillion (up 52%).

As usual, the plebs went further into debt, while their overlords saw their trillions in stock holdings almost triple in nine years. I thought the debt growth was unsustainable, but the Fed said hold my beer. Their debt creation orgy accelerates by the minute, with real inflation (as opposed to the fake BLS bullshit) running in excess of 10% hitting average Americans, while the Wall Street oligarchs get richer by the second. Even using the BLS bullshit inflation figures, the USD has lost 17% of its purchasing power since 2012, again screwing the little guy.

The USD has lost 96.4% of its purchasing power since the creation of the Federal Reserve in 1913. So much for meeting their “mandate” of stable prices. Do you get it yet? The Fed’s job is to enrich their owners (bankers & billionaire oligarchs) while enslaving you in debt and making sure your meager wages buy less and less each year. This is where the “You Will Own Nothing and Be Happy” slogan begins to make sense.

The Build Back Better slogan, created by Schwab and his Davos co-conspirators, really refers to building a better wall around the plebs so they remain isolated, alienated and under control. Roger Waters has explained the song Hey You was also an exhortation to make connections with people, help each other, and overcome the alienation and isolation created by those pulling the strings of our societal dystopia.

When I heard the song on the radio the other day, my take on the lyrics is now colored by the last two years of this engineered, weaponized, marketed Covid pandemic. The alienation and isolation have not been a choice of individuals, but a mandate from our authoritarian overlords. The wall is being built by those who want to destroy our existing structural paradigm and replace it with something they consider better, but which will be far worse for liberty and freedom minded individuals.

A more Orwellian dystopia is being ushered in by Soros, Gates, Schwab and their chief lieutenants Biden, Pelosi, Fauci, Powell, along with the other highly paid apparatchiks in government, media, medical industrial complex, and military industrial complex.

We were already in the death throes of the most dysfunctional, decadent, delusional, debt engendered era in the long history of mankind. Their debt saturated “solutions” from 2008 through 2019 reflected an air of desperation. Those in power realized their stranglehold on the narrative was slipping away and were in danger of seeing a sudden decline in their wealth and control over the masses.

Rather than accept their slightly less profitable fate like normal human beings, these psychopaths have doubled down by using a relatively non-serious flu for anyone under 85 years old and not morbidly obese, to try and implement a new world order, where they continue to reap all the benefits and the masses incur the pain, suffering and death. The diabolical aspects of this evil undertaking are almost too outrageous to believe. They have redoubled their propaganda endeavors in order to convince the ignorant masses to willingly love their servitude.

But it was only fantasy
The wall was too high
As you can see
No matter how he tried
He could not break free
And the worms ate into his brain

Pink Floyd – Hey You

In today’s circumstances those lyrics reflect this fantasy/nightmare of Covid being used as the justification to destroy our economic system, drive hundreds of thousands of small businesses into bankruptcy, locking people in their homes for months, mandating useless masks as a dehumanization and fear tactic, mandating the injection of an experimental gene therapy into our bodies as a requirement to make a living, and using a bottomless supply of lies and media propaganda to convince an already dumbed down populace to beg for increased levels of servitude to those who haven’t been right about one thing since this scamdemic was launched.

As others have noted, this hasn’t been a pandemic, it’s been an IQ test. And as a society we’ve scored low enough to be put on the short bus to the school for the slow-witted. The global oligarchs began constructing our wall, but millions of willing collaborator Karens and Todds are gleefully adding bricks to that wall.

I’ve been flabbergasted since the outset of this propagandized and highly marketed fearfest, over a strain of the annual flu, by the lack of critical thinking skills exhibited by average Americans and their inability to understand simple mathematical risk calculations when they are told blatant lies by the likes of Fauci, Walensky and a plethora of Big Pharma bribed “medical experts” paraded on the boob tube every day. They have let feelings, emotions, and false narratives guide their actions, rather than facts, data, and scientific proof.

Everyone has the freedom to verify what they are being told and calculate for themselves the 99.7% overall survival rate and 99.999995% survival rate for those under 25 years old. But they have been psychologically compelled to not question the State or embrace their Constitutional freedom to dissent and not comply. They unquestioningly inject their children with these drugs when unequivocal evidence shows a much higher risk from the jab than from Covid. Huxley realized decades ago a weak-minded populace could be easily manipulated. We have now reached peak complicity, compliance and cowering to the national State and those pulling the strings of our government.

“This concern with the basic condition of freedom — the absence of physical constraint — is unquestionably necessary but is not all that is necessary. It is perfectly possible for a man to be out of prison and yet not free — to be under no physical constraint and yet to be a psychological captive, compelled to think, feel and act as the representatives of the national State, or of some private interest within the nation, want him to think, feel and act.” –  Aldous Huxley

Huxley was not a big fan of technological “progress” as he just saw it as a more efficient means of going backwards. Those who believe technology is the answer to all of our problems are either insanely myopic or profiting from this fallacy. Technology has certainly contributed to allowing corporations to generate profits through efficiencies, marketing, logistics, and replacing human beings with computers and robots.

Technology has also made it very efficient for the State to utilize propaganda, fear, and social indoctrination through electronic media to control the population and manipulate the narrative to suit their diabolic purposes. For the few who dissent from their commands, technology is used to sensor, de-platform, restrain, monitor, and destroy their lives, if necessary.

Modern technology has a dual purpose, as an entertainment aphrodisiac, and an electronic boot stomping on your face forever. They want you distracted, amused, and consumed by trivialities, while they execute their wealth pillaging scheme and slowly build a technological wall which grows ever higher and impossible to escape. Consumption, diversion, and obedience is all they asked.

Societal stability, in the eyes of the sociopath unseen rulers behind the curtain, is based upon state designed happiness, social indoctrination disguised as public education, endless war, fear-based propaganda, and the use of pharmaceuticals to alleviate dissent and wrong thinking. Normalcy, traditional families, community standards, hard work, thrift, self-responsibility, neighborly connections, faith, and self-governing are all antithetical to the societal breakdown required to implement the Great Reset. Therefore, these values are banned in the world we inhabit today.

The best laid plans of the ruling class began to go awry in late 2019, as the gears of the financial system began to grind and fracture. The never-ending Trump coup was floundering under the weight of lies. Their wealth, power, and control were going to take a major hit. So, they decided to pull it. They had laid the groundwork for decades, creating generations trained to value material possessions, require instant gratification, shun critical thinking, let feelings guide their actions, believe debt acquired possessions constituted wealth, trust politicians are working in their best interests, and do whatever those deemed “experts” by the corporate media tell them to do.

They have created tens of millions of mentally ill sheep who only appear normal because they fit in to this profoundly abnormal society, where they forfeited the thinking and decision making for their lives to people like Gates, Soros, Biden, Fauci and Zuckerberg, who despise them. Because of their government created neurosis and cowardly compliance, we are all victims, and the wall we must scale to escape gets higher by the day.

“The real hopeless victims of mental illness are to be found among those who appear to be most normal. Many of them are normal because they are so well adjusted to our mode of existence, because their human voice has been silenced so early in their lives that they do not even struggle or suffer or develop symptoms as the neurotic does. They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society. Their perfect adjustment to that abnormal society is a measure of their mental sickness. These millions of abnormally normal people, living without fuss in a society to which, if they were fully human beings, they ought not to be adjusted.” –  Aldous Huxley

The walls erected within Roger Waters’ lyrics were figurative, referring to the isolation and alienation from society chosen by an individual (himself). My interpretation, based on what myself and many others are experiencing today, is more literal, with the isolation and alienation being created by government and their mentally ill, willfully ignorant advocates of lockdowns, masking, jabs, mandates, passports, quarantine camps, and coercion to command compliance.

This entire pandemic scheme has been designed as a divide and conquer undertaking, with the purpose of implementing their Great Reset plan to own everything while the plebs own nothing and happily do as they are told. For those of us not willing to go along with their plan, they have alternate arrangements in store. We are in the midst of this struggle for the future of our country and the world.

The Party has told you to reject unequivocal facts during this entire engineered psychological operation. They convinced the vast majority of the population to be terrorized by a virus with a 99.7% survival rate that only kills the very old and the very obese. They said it didn’t come from the Wuhan lab and wasn’t funded by Fauci. They convinced the masses masks worked when they knew they didn’t.

They said a fifteen-day lockdown would slow the spread and end the pandemic. They said their vaccines would immunize you from catching Covid before they changed the definition of vaccines and told you it was always supposed to just reduce the symptoms. They have convinced a couple hundred million people to participate in an experiment as guinea pigs for an unproven untested gene therapy.

They continue to proclaim vaccines work, even though they don’t, and of course get your booster, also because they don’t work. They refuse to acknowledge natural immunity to be far more effective and long-lasting than their jabs. No money to be made from natural immunity. They have censored and de-platformed anyone who showed proof ivermectin and hydroxychloroquine worked better than the vaccines.

No money in subscribing either safe and effective treatment. They deny the vaccines have caused millions of adverse reactions and tens of thousands of deaths. They have instructed you to reject all of this evidence of their deceit and demonic designs to abscond with your wealth, freedoms, and liberties.

As we enter Biden’s dark winter, you can sense the desperation of the Party/Deep State/Oligarchy as they employ more coercive and destructive tactics to force the non-compliant to obey and do as they are told. They are attempting to isolate and alienate those who refuse to submit to their clearly unlawful vaccine mandates by excluding them from society and threatening their livelihoods.

The threats and intimidation have succeeded with a significant portion of the holdouts, but tens of millions are refusing to bend the knee. Many feel alone in their resistance to these totalitarian measures, as those in control of the narrative have painted a picture of only a small minority of conspiracy theorists rejecting their Great Reset authoritarian blueprint. The wall seems too high for many.

The truth be told, their blueprint is growing stale, as they desperately attempt to strike fear into the masses with their latest variant of the month. The truth is they fear our opposition. They fear we will inspire more people to resist. They fear we will band together. They fear the truth, which is the backbone for our resistance. They fear we are heavily armed. They fear us realizing we are actually the majority. They fear they are starting to lose.

Their fear of our escalating power is leading them to make increasingly reckless and drastic pronouncements and demands. The push back to their directives is gaining in intensity. They believe they can make the wall high enough to deter those who could foil their Great Reset scheme. The odds are in their favor because they control the politicians, media, corporations, and the minds of the indoctrinated sheep, but don’t tell me there’s no hope at all. We have truth, the Constitution, the 2nd Amendment, and millions of liberty-minded truculent partisans who will not bend to their will. We have no choice but to fight, using any means at our disposal. We realize we must stand together, because divided we will fall.

Hey you, out there on the road

Always doing what you’re told

Can you help me?

Hey you, out there beyond the wall

Breaking bottles in the hall

Can you help me?

Hey you, don’t tell me there’s no hope at all

Together we stand, divided we fall

Pink Floyd – Hey You

*  *  *

The corrupt establishment will do anything to suppress sites like the Burning Platform from revealing the truth. The corporate media does this by demonetizing sites like mine by blackballing the site from advertising revenue. If you get value from this site, please keep it running with a donation.

Tyler Durden
Sun, 11/28/2021 – 23:30

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Chinese Spy Ship Stayed 3 Weeks Off Australia’s Coast, Observing Military Bases

Chinese Spy Ship Stayed 3 Weeks Off Australia’s Coast, Observing Military Bases

On Friday Australia’s Defense Minister Peter Dutton called out China for its disconnect between presenting itself as committed to peace versus the reality. “We’re all familiar with the frequent claims of the Chinese government that it is committed to peace, cooperation and development,” Dutton began in a speech in Canberra.

“And yet we bear witness to a significant disconnect between the words and the actions. We’ve watched very closely as the Chinese government has engaged in increasingly alarming activities,” he added. Just prior to his remarks the Aussie government revealed this weekend that a Chinese spy ship was recently observed spying along the Australian coast line, where it stayed for three weeks.


Prior image of Chinese PLA spy ship encounter, via Australian Defense Force (ADF)

“The Yuhengxing spy ship is understood to have entered Australia’s 200km exclusive economic zone near Darwin in August and September,” Seven News Australia reported. “It then sailed south as far as Sydney, passing a number of important military areas, before heading across the Tasman Sea to New Zealand.”

The federal government said that the Ministry of Home Affairs “closely monitored” the ship, with a top official saying, “I can certainly confirm that there was a Chinese military vessel operating off the east coast of Australia that had transited through the Torres Strait.”

While it past the aforementioned notably military bases, the spy vessel was not reported to have breached Australia’s territorial waters, defined as within 12 nautical miles of the coast. Regardless amid tit-for-tat warnings between the two large Pacific power in the wake of the AUKUS nuclear submarine deal with the United States, the spy ship incident has only added to already soaring tensions.

In response to Dutton’s aggressive Friday remarks directed toward leaders in Beijing, the Chinese embassy in Canberra issued a statement denouncing his remarks, saying his distorted view of China’s intentions and policies “fanning conflict and division between peoples and nations” – especially by misleading his own people. 

“It is inconceivable that China-Australia relationship will take on a good momentum … if the Australian government bases its national strategy on such visionless analysis and outdated mentality,” the embassy added said in the statement.

Meanwhile it’s expected that China will only send more vessels to regularly observe Australia’s defenses, particularly after Beijing officials have interpreted the AUKUS deal as signaling the country is effectively abandoning its status as a nuclear-free zone

Tyler Durden
Sun, 11/28/2021 – 23:00

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US Refuses To Engage With Marshall Islands On Nuke Damage

US Refuses To Engage With Marshall Islands On Nuke Damage

Authored by Dave DeCamp via AntiWar.com,

The US is refusing to engage with the Marshall Islands on compensation for environmental and health damage caused by the dozens of US nuclear weapons tests carried out in the 1940s and 50sThe Associated Press reported Thursday.

The Marshall Islands are home to a major US military base and are essentially treated as a US territory under an agreement known as the Compact of Free Association. But the agreement is due to expire soon, and the dispute over the nuclear weapons test has some members of Congress concerned.


Marshall Islands, Image source: Los Angeles Times

The US lawmakers are not worried that the people of the Marshall Islands haven’t been properly compensated. Instead, they fear China could move in. “China is all too ready to step in and provide the desperately needed infrastructure and climate resiliency investment that is sought by these long-time partners,” 10 Democratic and Republican House members wrote in a letter to National Security Advisor Jake Sullivan.

In the 1980s, the US agreed to give the Marshall Islands a $150 million settlement, but this amount fell well short of what is needed to clean up all of the radioactive debris. “Everyone knows the negotiations at that time were not fair or equitable,” Marshallese Senator David Paul told AP. “When you look at the total cost of property damage and the ongoing health issues to date, it’s a drop in the bucket. It’s an insult.”

A US officials admitted to AP that Washington had “stonewalled” talks on the US’s nuclear legacy. “We know that’s important, but there is a full and final settlement, and both sides agreed to it. So, that issue is just not subject to being reopened,” the official said.

AP also spoke with James Matayoshi, the mayor of Rongelap Atoll on the Marshall Islands. Like hundreds of other Marshallese, Matayoshi had been displaced from his native atoll by the nuclear weapons tests and hasn’t returned. His late mother was pregnant at the time of one of the blasts and gave birth to a stillborn baby due to radiation exposure.


Colorized photo of the the “Baker” explosion, part of Operation Crossroads, a nuclear weapon test by the United States military at Bikini Atoll. Wiki Commons

Concerning China, Matayoshi said officials are seeking Asian investments, and any such deals wouldn’t be about Chinese influence.

“It would be a business transaction. We don’t advocate for war or any superpower influence. But we want to be able to live in our backyard, and enjoy life here,” he said.

Tyler Durden
Sun, 11/28/2021 – 22:30

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Canada’s Indigenous Health Expert Fired After Pulling Liz Warren Pocahontas Act

Canada’s Indigenous Health Expert Fired After Pulling Liz Warren Pocahontas Act

Canada’s top expert on indigenous health issues has been fired from her job and lost her professorship after suspicious colleagues revealed that her claims of Native American heritage were complete bullshit.

Public health expert Carrie Bourassa, a total fraud, was the scientific director of the Canadian Institutes of Health Research’s Institute of Indigenous Peoples’ Health, She was suspended on Nov. 1, just five days after the CBC revealed the truth.

With a feather in her hand and a bright blue shawl and Métis sash draped over her shoulders, Carrie Bourassa made her entrance to deliver a TEDx Talk at the University of Saskatchewan in Saskatoon in September 2019, where she detailed her personal rags-to-riches story.

My name is Morning Star Bear,” she said, choking up. “I’m just going to say it — I’m emotional.

The crowd applauded and cheered.

I’m Bear Clan. I’m Anishinaabe Métis from Treaty Four Territory,” Bourassa said, explaining that she grew up in Regina’s inner city in a dysfunctional family surrounded by addiction, violence and racism. -CBC

It was all a lie.

After a lengthy trace of Bourassa’s family tree, it was uncovered that her ancestors were in fact Polish, Russian and Czech immigrant farmers, not Métis nation natives.

“It makes you feel a bit sick,” said Métis expert Janet Smylie at the University of Toronto, who worked with Bourassa on a book covering indigenous parenting. “To have an impostor who is speaking on behalf of Métis and indigenous people to the country about literally what it means to be Métis … that’s very disturbing and upsetting and harmful.”

Colleagues grew suspicious after Bourassa began claiming she had Anishinaabe and Tlingit blood, and began dressing up like a stereotypical Native American – starting with a 2019 appearance in full tribal regalia to give a TEDx Talk at the University of Saskatchewan in Saskatoon.

“When I saw that TEDx, to be quite honest, I was repulsed by how hard she was working to pass herself off as indigenous,” said associate professor of Indigenous studies, Winona Wheeler, a documented member of Manitoba’s Fisher River Cree Nation – who started digging into Bourassa’s heritage before taking her findings to the media.

After she was confronted with the evidence, Bourassa changed her story – now claiming she had been adopted into the Métis community by an unnamed friend of her deceased grandfather.

“Even though Clifford passed, those bonds are even deeper than death because the family has taken me as if I was their blood family” she said, adding “In turn, I serve the Métis community to the best of my ability.”

If only she was a sitting US Democratic Senator!

 

Tyler Durden
Sun, 11/28/2021 – 22:00

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Why Crime Is Out Of Control In San Francisco

Why Crime Is Out Of Control In San Francisco

Authored by Michael Shellenberger via Substack,

San Franciscans get what they voted for with Chesa Boudin…

When Chesa Boudin ran for San Francisco district attorney in 2019, he said crime was caused by poverty, wealth inequality and inadequate government spending on social programs. He called prostitution, open drug use and drug dealing “victimless crimes” and promised not to prosecute them. The result has been an increase in crime so sharp that San Francisco’s liberal residents are now paying for private security guards, taking self-defense classes, and supporting a recall of Mr. Boudin, with a vote set for June 2022. Retailers like Walgreens and Target are closing stores in the city, citing rampant shoplifting. Last week, a shockingly organized mob of looters ransacked a downtown Louis Vuitton store.

Mr. Boudin and his defenders say crime in San Francisco has actually declined under his watch. The store closings had little to do with shoplifting, they insist; Walgreens announced in 2019 it would close stores as a cost-saving measure. And after the Louis Vuitton looting, Mr. Boudin talked tough on Twitter : “Standby for felony charges. Indeed, some crimes did decline, but for Covid-related reasons, while many other offenses increased. The pandemic crimped tourism, which meant fewer car break-ins and less shoplifting, but both are now on the rise. Car break-ins were 75% higher in May 2021 than in 2019, before the pandemic.

While it’s true that official incidents of shoplifting haven’t increased under Mr. Boudin, the punishment has changed—and the bad guys appear to have gotten the message. In 2019, 40% of all shoplifting reports resulted in arrest; in 2021, under Mr. Boudin, only 19% did. Walgreens says shoplifting is five times as high, and security costs 50 times as high, in its San Francisco stores as the chainwide average.

Meantime, the charging rate for theft by Mr. Boudin’s office declined from 62% in 2019 to 46% in 2021; for petty theft it fell from 58% to 35%. San Francisco’s jail population has plummeted to 766 in 2021 from 2,850 in 2019. More than half of all offenders, and three-quarters of the most violent ones, who are released from jail before trial commit new crimes.

Like other progressive prosecutors around the country, Mr. Boudin has expressed great antipathy toward the police. At his election-night party, a supporter led the crowd in a chant against the Police Officers’ Association: “F— the POA! F— the POA!” The San Francisco Police Department is short 400 officers and demoralized. A security video obtained by the San Francisco Chronicle last week appeared to show officers allowing a robbery of a marijuana dispensary. Total narcotics arrests declined by half from 2019 to 2021.

Mr. Boudin has increased charges for some crimes. The charging rate for rape rose from 43% to 53%, and for narcotics dealing from 47% to 60%, even as it declined for theft, illegal weapons and assault. He appears to be following through on his promise to ignore quality-of-life crimes, but it’s also the case that the state has ordered local prosecutors to reduce prosecution of such crimes because of Covid.

The solution to San Francisco’s problems is relatively straightforward. The city needs to shut down the drug scene by working with the federal government to deport dealers who are here illegally, most of whom are from Honduras; arrest addicts who camp and use drugs publicly and offer them rehab as an alternative to jail; and redevelop the squalid Tenderloin neighborhood, which, because of the influx of out-of-town addicts, fosters depravity and criminality affecting the entire city.

The situation has degenerated to the point that an opportunity exists for moderates to wrest power away from progressives like Mr. Boudin and implement a sweeping, common-sense political agenda. What’s not clear is whether most San Franciscans want to do this, or could do it alone, without the involvement of California’s state government, which is sitting on a $31 billion budget surplus.

San Francisco is an uberliberal place, and Mr. Boudin is only the latest in a long line of progressive prosecutors. In the mid-1990s voters elected Terence Hallinan, who had a history of illegal drug use and promised to stop arrests of street addicts and prostitutes. When Mr. Boudin blamed crime on inequality in 2019, his message landed on sympathetic ears. When he said he wouldn’t prosecute victimless crimes, he was singing a familiar hymn.

It may be that Mr. Boudin went too far, even for San Francisco’s progressive voters, with his statements justifying crime and demonizing the police. But if history is any guide, they won’t have learned anything more from the experiment in lawlessness than they did from the one in the mid-1990s, and will almost certainly repeat it.

*  *  *

Michael Shellenberger is a Time Magazine “Hero of the Environment,”Green Book Award winner, and the founder and president of Environmental Progress. He is author of just launched book San Fransicko (Harper Collins) and the best-selling book, Apocalypse Never (Harper Collins June 30, 2020). Subscribe To Michael’s substack here

Tyler Durden
Sun, 11/28/2021 – 21:30

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Jussie Smollett Criminal Trial Begins Monday For Alleged Hate-Crime Hoax

Jussie Smollett Criminal Trial Begins Monday For Alleged Hate-Crime Hoax

The criminal trial of former actor Jussie Smollett on charges that he staged a hate crime against himself is set to begin in Monday, after three years of delays into how the Chicago District Attorney handled the case.

He has been charged with six counts of disorderly conduct for making false reports to the police.

Smollett claimed that he was attacked on January 29, 2019 around 2 a.m. by two white men who shouted racist and homophobic slurs, doused him in a bleach-like liquid, hung a rope around his neck, and yelled “This is MAGA country,” before he was able to beat them off. He was seen on security footage entering his upscale apartment with an intact Subway sandwich and a noose around his neck (which he was still wearing when police arrived).

While there was no footage of the “attack” despite Chicago’s thousands of surveillance cameras, two “persons of interest” were captured on camera who turned out to be Nigerian-born brothers Abimbola “Abel” and Olabinjo “Ola” Osundairo, one of whom was Jussie’s personal trainer and was an extra on Empire


Residents of MAGA country

After Chicago police arrested the brothers as “potential suspects,” they were later released without charges – and investigators say their interview “shifted the trajectory of the investigation.”

Dave Chappelle provides a recap of what went down:

At the time, then-Senator Kamala Harris called it a “modern day lynching” (just one month after she coincidentally supported an anti-lynching bill):

Rep. Alexandria Ocasio-Cortez called it a “racist and homophobic attack.”

More:

As the Wall Street Journal notes, the trial has been delayed several times due to events “including having the charges dropped and refiled and an investigation into how Cook County State’s Attorney Kim Foxx handled the investigation. The Covid-19 pandemic added to the delays. A court official said the trial will begin with jury selection and could be completed within days.”

Tyler Durden
Sun, 11/28/2021 – 21:00

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He “Should Pay For His Crimes”: ASU Students Demand Expulsion Of Kyle Rittenhouse

He “Should Pay For His Crimes”: ASU Students Demand Expulsion Of Kyle Rittenhouse

Authored by Jonathan Turley,

President Joe Biden and media figures are not the only persons who are “angry” after a jury acquitted Kyle Rittenhouse on all charges. Despite a jury with the same racial makeup convicting the defendants in Georgia in the Arbery case, many have denounced the entire legal system as racist.

It does that matter that there was evidence supporting Rittenhouse’s claim of self-defense that was largely missing from prior coverage of the case. Now students and groups at Arizona State University are planning a rally and demanding that Rittenhouse be expelled. With leaders like President Biden calling Rittenhouse a “white supremacist” before any investigation was completed and legal analysts calling the entire trial “white supremacy on steroids,” there is a sense of legitimacy in demanding such extrajudicial punishments.

Students groups like MEChA (Movimiento Estudiantil Chicanx de Aztlán), Students for Socialism, Students for Justice in Palestine and the Multicultural Solidarity Coalition are organizing a rally this week to “get murderer Kyle Rittenhouse off [the] campus.” 

He is not on campus since he is enrolled as an online student.

However, Rittenhouse has expressed interest in in-person attendance at ASU. Students and faculty are being called to the rally to “protect students from a violent, blood-thirsty murderer.”

In addition, ASU student Taskina Bhuiya started a Change.org petition to denounce the verdict and to call for Rittenhouse to be “held accountable for the crimes he has committed.” Without a sense of irony, the petition declares “ASU should be a safe and inclusive place for all students, which will be disrupted if Kyle Rittenhouse is allowed to attend this school.” Inclusive unless you are an acquitted individual who must be “held accountable.” Hundreds have signed the petition insisting that “Rittenhouse should pay for his crimes.”

The campaign reflects a growing sense that the legal system is only worthy of respect (or even protection) if it rules in the way that we demand. It is the same mentality that has led members of Congress, law professors, and others to demand the expansion or restriction of the Supreme Court because it now has a conservative majority. Liberal justices like the late Justice Ruth Bader Ginsburg and Justice Stephen Breyer has opposed such efforts as inimical to the rule of law.

We saw a similar campaign to block Nick Sandmann from attending Transylvania University. Various media outfits correctly false coverage of Sandmann, who was wrongly accused of racist attacks on a Native American activist. Various media companies settled with him and he is still in litigation with others. Yet, figures from an ACLU officer to a professor raised the alarm over his attending college and appearing on campus.

The fact is that Rittenhouse cannot be expelled or kept off campus due to such mob measures. He would quickly prevail in court. However, the rally and the rhetoric magnify the risk to his safety by those who demand “accountability” regardless of any verdict.

It will be interesting to see how many faculty step forward to defend his right to attend the college despite any misgivings over his case. Conversely, we have seen faculty members join such mob efforts, even attacking others on campus, blocking speakers, destroying political signs, or encouraging attacks on student journalists.  University of Rhode Island professor Erik Loomis defended the murder of a conservative protester and said that he saw “nothing wrong” with such acts of violence. Other faculty members have made similarly disturbing comments “detonating white people,” denouncing policecalling for Republicans to suffer,  strangling police officerscelebrating the death of conservativescalling for the killing of Trump supporters, supporting the murder of conservative protesters and other outrageous statements. It is less common to hear professors today speak out for the rights of conservatives or others who are being targeted by campaigns on campus. The risk is simply too great that they will be “tagged” as intolerant, racist, or reactionary.

Rittenhouse has every right to attend ASU in person and has every right to expect that he can do so safely. If ASU cannot muster the integrity and courage to reaffirm those rights publicly, it has abandoned a core defining element for higher education. Colleges often sit in cringing silence as individual students are targeted and harassed. Students have every right to protest, but ASU must be clear and public in supporting Rittenhouse’s right to access to an education on its campuses.

Tyler Durden
Sun, 11/28/2021 – 20:30

via ZeroHedge News https://ift.tt/31dMToq Tyler Durden

Beijing Capitulates: Urges Local Govts To Unleash Debt Flood As Cities Begin Backstopping Property Developers

Beijing Capitulates: Urges Local Govts To Unleash Debt Flood As Cities Begin Backstopping Property Developers

Despite the best efforts by South African doctors to temper the panic sparked by the emergence of the Omicron strain, it appears that western politicians and their media and “science” lackeys won’t let go so fast, and one of the potential casualties is China, which will either be forced to engage in more lockdowns, depressing the economy, or find itself engaged in far less trade with a world that is about to undergo another wave of restrictions.

All this, of course, is happening as the recent deep freeze of China’s property market – the largest asses in the world according to Goldman Sachs…

… and sparked by the repeated near-death experiences of Evergrande – has unleashed a bone-crushing shockwave across China’s economy, which takes place as Beijing continues to maintain its deleveraging stance amid Xi’s “shared prosperity” drive, which has meant far less nearly created credit is available to mask the current weakness in the economy.

And yet, cracks are finally starting to show in Beijing’s deleveraging resolve and last week China’s State Council called on local governments to sell more special bonds this year in order to boost investment amid a slowdown in the economy.

According to Bloomberg, Premier Li Keqiang chaired a meeting of the State Council (i.e., China’s cabinet) on Wednesday, urging local governments to have more ongoing construction of projects at the beginning of next year, the official Xinhua News Agency reported. And since they need money to fund these projects, the meeting also called on them to make better use of proceeds from special bonds to expand domestic demand.

Said otherwise, China is once again quietly restarting the re-leveraging process, only this time instead of consumer loans, corporate bonds, or shadow debt (in the form of trusts), Beijing is targeting local government special debt issuance as the focal point of the next debt bubble.

Xinhua confirmed as much, reporting that “regional governments should step up project preparation, facilitate the launch of projects that are mature, and make reasonable requests for special bond quotas next year.” And to assist this upcoming debt burst, “the authorities will study the possibility of granting some bond quotas in advance of next year, according to the report, as they did in the recent two years.”

Meanwhile, echoing what he said at the start of the month, premier Li reiterated the economy is facing “new downward pressure” and cross-cyclical policy needs to be strengthened. This comes as economists have pared back their growth forecasts for the fourth quarter to a median of just 3.1%, while some say the economy’s pace next year could be slowest since 1990 (excluding last year’s pandemic impact), as low as 5% or even less according to some skeptics.

Alas, there is an unexpected problem with Beijing’s plan: lack of demand for the debt. As Bloomberg notes, sales of local government special bonds have been particularly slow in the first ten months of this year, partly due to a lack of quality projects. Previously, the Ministry of Finance urged local authorities to finish issuing all the bonds within this year’s quota by November. Alas, the collapse in Evergrande, and the broader property market has taken all the wind out of China’s construction sails in 2021.

Needless to say Beijing had to spin this unpleasant outcome, and instead the State Council meeting said that the Local governments have achieved positive results in managing debt and reducing so-called hidden debt in recent years, with the government’s overall debt-to-gross domestic product ratio trending lower.

And while the meeting added that authorities need to step up auditing and monitoring of proceeds raised from the bond sales, China Securities Journal reported on Thursday that fiscal policy will play a bigger role in ensuring the economy has a stable start in 2022. And where will funding for said “fiscal policy” stimulus come from? Well, as Citic Securities economist Zhu Jianfeng said, while local governments’ income from land sales might fall, they should issue more special bonds to help fund investment projects.

Then on Wednesday, the Securities Times reported that according to another Citi analyst, Cheng Qiang, regional government may issue more than 4 trillion yuan ($630 billion) worth of special bonds next year, up from the 3.65 trillion yuan budgeted for this year. Expect the final number to be much higher, especially if Omicron is indeed as dangerous as Fauci & Co. are trying to make it seem.

Finally, a look at the latest Chinese property regulatory actions compiled by Goldman shows that over the past few weeks there have been incrementally more marginal loosening efforts at different city levels, especially in terms of mortgage rate easing and presales permit requirement/deposit withdrawal relaxation. Said otherwise, while China is not yet panicking it realizes that the deleveraging campaign is now effectively finished, and so expect much more debt creation in China next year.

In short, China is about to restart its debt machine, and while all Chinese debt is of course fungible – since the state owns and controls all – this time around it will be the “local government” silo that will serve the the global growth dynamo for the coming year.

Meanwhile, as China targets property stabilization at the macro level via local government bond sales, it is also expanding its “micro” focus and also last week, a Chinese city rolled out a series of easing measures to boost liquidity at property developers, becoming the first major local government to address a cash crunch engulfing the real estate industry.

Chengdu, the capital of the southwestern province of Sichuan with a population of about 21 million, will accelerate approvals for home sales and property loans as well as ease restrictions on using proceeds from pre-sales, according to a statement posted by the local housing authority last week, Bloomberg reported.

“Chengdu is the first city authority to call for faster property-related loans in a clear official statement,” said Yan Yuejin, research director at Shanghai-based E-house China Research and Development Institute. “We may see other initiatives to press banks on faster mortgages soon.”

The capitulation by Chengdu comes as new-home values in the city dropped 0.6% in October from a month earlier, the biggest slump in four and a half years.

Here are some of Chengdu’s key measures allowing developers to boost cash:

  • The housing authority vowed to shorten the time for compulsory pre-sales procedures by at least a third
  • Developers will be able to use proceeds from pre-sales if they meet certain construction progress
  • Chengdu will work with financial institutions to increase credit quotas for developers and accelerate loan approvals
  • The city said it will coordinate with banks to extend property development loans for key developers

The move to boost liquidity in the beleaguered building sector comes as China’s home slump deepens, adding pressure on authorities to stabilize an industry that’s estimated to account for almost a quarter of economic output.

Separately, last week some cities relaxed rules for land sales – a key revenue source for municipalities – after cash-strapped developers became reluctant to bid, prompting the abovementioned appeal on local governments by China’s State Council to sell more special bonds to boost investment amid a slowdown in the economy.

The bottom line is that as many had expected, regulators are finally fine-tuning their long-running crackdown on the property sector after the near implosion at Evergrande and other junk-rated developers began spreading to higher-rated peers. In late September, the central bank urged financial institutions to help local governments stabilize the rapidly cooling housing market and ease mortgages for some homebuyers. Official media reported in recent weeks that faster mortgages are already on the way.

“It shows how the city government cares about developers’ liquidity risks,” said Pan Hao, a property analyst at KE Holdings, adding that Chengdu is looking at different measures to prevent developers’ cash risk from blowing up. And now that one city has adopted a proprety bailout strategy, expect every single other Chinese city to follow suit, the result of which will be another major can-kicking for China’s property sector at the expense of trillions in new debt, this time at the local government level.

Tyler Durden
Sun, 11/28/2021 – 20:00

via ZeroHedge News https://ift.tt/3FPptEC Tyler Durden

Hedge Funds Suffered The Worst Week In Six Months… And That Was Before Friday

Hedge Funds Suffered The Worst Week In Six Months… And That Was Before Friday

While last week’s Black (or rather red) Friday’s illiquid market meltdown was one for the post-Thanksgiving ages, and the collapse for oil bulls was one of the worst daily drops in history, we expect much of the selloff to reverse in the coming hours as the narrative that (C)omicron is the second coming of the bubonic plague, is quickly played down even by the biggest propaganda agents after even the doctors that discovered the Moronic Omicron strain said it was “extremely mild” and is likely destabilized by the dozens of spike protein mutations.

Unfortunately, the reversal of Friday’s selloff will be of little comfort to hedge funds who were already getting hammered going into the post-Thanksgiving turmoil, because according to Goldman prime, the GS Equity Fundamental L/S Performance Estimate fell -1.57% between 11/19 and 11/25, driven by alpha of -1.12% which was “the worst alpha drawdown in nearly six months” and beta of -0.45% (from market exposure and market sensitivity combined).

Some more positioning details:

  • Overall book Gross leverage rose +1.0 pts to 237.6% (29th percentile one-year) while Net leverage fell -1.5 pts to 84.5% (7th percentile one-year).
  • Overall book L/S ratio fell -1.7% to 2.104 (20th percentile one-year). Fundamental L/S Gross leverage rose +0.8 pts to 178.8% (57th percentile one-year) while
  • Fundamental L/S Net leverage fell -0.5 pts to 64.5% (31st percentile one-year).

In retrospect, someone may have had a correct “feeling” what was coming, because heading into the Friday puke, the GS Prime book saw the largest net selling in more than 3 months (-1.5 SDs), driven by short sales and to a much lesser extent long sales (10 to 1). As the Goldman prime desk retails, single names and macro products were both net sold and made up 54%/46% of the $ net selling.

  • On a geographic basis, managers reversed recent trends and rotated out of North America – which saw the largest net selling in 7 months – while moving into EM Asia (largest net buying since March driven by Chinese stocks) and Europe.
  • 8 of 11 sectors were net sold led in $ terms by Info Tech, Financials, and Industrials, while Staples, Materials, and Real Estate were net bought.

More importantly, hedge funds bought re-opening stocks and sold stay-at-home names despite reports of a new Covid-19 variant. Constituents of Goldman’s GSXUPAND basket were collectively net bought in 3 of 4 days (11/19-11/24), while constituents of GSXUSTAY were net sold for 4 straight days amid risk-off activity.

At the same time, hedge funds sold global financials stocks at the fastest pace in more than six months (perhaps as a result of the collapse in yields where yet another massive short squeeze in Treasurys has led to a plunge in rates).

Still, despite the recent net selling, Financials’ weighting vs. MSCI World ended the week at the highest level in more than 8 years, driven by O/W in Capital Markets vs. U/W in Banks and Insurance.

As usual, the full weekly note from Goldman Prime is available for our Professional subs.

Tyler Durden
Sun, 11/28/2021 – 19:30

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Inflation Never Mattered Much For Crypto… Until About A Year Ago

Inflation Never Mattered Much For Crypto… Until About A Year Ago

Inflation never mattered much for crypto… until about a year ago.

As UBS notes in its latest Crypto Keys note last week, forward-looking measures of US consumer prices today rank among the most prominent correlations for digital assets…

…. something we first pointed out a month ago.

Sensitivity to actual data prints is also mounting accordingly…

… and as UBS notes, BTC, ETH and a range of more established tokens screen statistically on par with traditional instruments that are considered classic inflation winners or losers.

Co-movement is weaker for newer coins like BNB as well as ADA, SOL, DOT and AVAX, which have strongly outperformed in 2021, along with meme plays like DOGE. But to UBS that seems encouraging rather than surprising when idiosyncratic factors have clearly been driving their price action.

But while inflation clearly has be driving the top cryptocurrencies in the past year, the risk now according to UBS is that more powerful drivers will emerge to dislodge the status quo. Potential candidates could be things like stablecoin regulation, tighter exchange and account registration requirements reducing activity in CeFi and DeFi, and new restrictions on bank participation, all of which could be near-term negatives affecting market liquidity and activity but longer-term positives paving the way for institutional participation. While such things may sound crypto-specific, they mirror conditions that govern how conventional inflation hedging instruments behave. 

Tyler Durden
Sun, 11/28/2021 – 19:00

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