Peak Oil is You

Donate Bitcoins ;-) or Paypal :-)

Page added on April 10, 2020

Kunstler: Risings and Fallings

In the corkscrewing anguish of the social sequester, with careers, savings, futures, and dreams whirling down the drain, voices rise above the din of conflicting statistics to ask: what is going on here? To some, it looks like a deliberate attempt to demolish what’s left of the economy for political advantage. Clouds of suspicion gather over the two medical superstars of the Daily Briefing show, Doctors Fauci and Birx, as they somewhat sheepishly revise their numbers for contagion and death downward and attempt to “balance” the formula of modeled projections versus mitigation efforts. Was the stay-at-home panic necessary, after all? Will it save the day or kill off modern life as we knew it?

Well, everyplace else in the world was shutting down, weren’t they? Did they all go off their rockers, too? At least a hundred doctors died in Italy heroically tending the stricken, so they say. South Korea, Taiwan, and Singapore opted for flat-out medical Gestapo action. Britain, Spain, France, and Germany about the same, but minus testing at the grand scale and tracing of contacts. Honestly, how is it possible the whole planet punked itself?

I certainly don’t know the answer to all this, though readers are twanging on me to declare the whole Covid-19 story “a hoax,” which I’m not ready to do. I do know this: America has become utterly intolerant of uncertainty. And in the absence of certainty, that age-old human cognitive skill called pattern recognition, which has made us such a successful species, kicks into high gear scanning the field-of-view for answers. Any string-of-dots that affords even the slimmest plausibility goes on the table for review, including a lot of stories tagged as “conspiracy theories.”

I know this, too: the financial side of the gasping global economy was running off the rails well before Covid-19 flew out of its bat-cave into somebody’s soup bowl… or out of China’s Wuhan virus lab, if that’s how you like it… or before it seeped out of the Bill and Melinda Gates Foundation’s ark of world-saving secrets. In the USA and Europe, finance had come to mostly eclipse every other human endeavor of wealth production – with the catch that finance actually didn’t produce any real wealth, it only winkled and swindled wealth (or the mere ghosts of wealth) with its asset-stripping magic, from the places where wealth once did truly dwell. Or else it ginned up abstruse rackets that attempted to replace the utility of money with sheer math. Or, when all else failed, it just resorted to plain old accounting fraud… until, finally, there was so much there not actually there, that the whole holographic fantasy flickered out.

The pre-Easter bear market rally on Wall Street has been a wonder, don’t you think? As the numbers of able-bodied people out-of-work rocketed up past ten million during the same period, the stock indexes shot up three, five, six percent a day? Say, what? You’re telling me that’s based on the prospect of magnificent earnings in the third quarter? With every business on God’s green earth writhing in the dust like squashed bugs? And every supply line for basic goods and the gazillion spare parts for everything… all choked off?

And meanwhile, the American public sequesters and festers, waiting for those $1,200 checks that will fix… everything! Let’s face it: this is a twilight zone between stupor and fury. Nobody is paying anything to anyone. All obligations are suspended: salaries, rents, mortgages, bills, loans, bets, and vigs, all up in the air somewhere, but definitely not moving to their assigned destinations. The velocity of money is zero and all the various new term facilities and structured vehicles conjured by the Federal Reserve and Congress amount to a mere shadow of money moving – even though they are represented by trillions of brand-new alleged dollars. For every ten points that the Standard & Poor’s rose this week, somewhere down the line as many hedge funders will be dribbled like so many basketballs to the hoop of judgment.

The nation now has the long Easter weekend to stew and ruminate over its fate with spring achingly vivid and beckoning beyond the grim, streaked windows of sequestering. Those little cans of Easter Spam with pineapple rings won’t offer much consolation, combined with the abject discovery that even Netflix only has so many sequels to Frozen for children going catatonic with ennui. Kids are generally not so excited by stock and bond markets, but that’s probably where the genuine melodrama picks up on Monday. The weeks ahead there will give the phrase down-to-earth a whole new meaning.

kunstler

154 Comments on "Kunstler: Risings and Fallings"

Duncan Idaho on Sun, 12th Apr 2020 2:42 pm

“As the saying goes, conservatives say government doesn’t work, and when in charge, they set out to prove it. “

I AM THE MOB on Sun, 12th Apr 2020 3:49 pm

So what’s going to happen come winter time? Is the media going to tally up all the daily flu deaths from every city. And we go into lockdown again?

Now that we have broken a precedent. They can do this again wherever they want.

Davy on Sun, 12th Apr 2020 5:23 pm

Oops, sorry everyone. Correction:

JuanP on Sun, 12th Apr 2020 5:30 pm

Oops, sorry everyone. Corrected Correction:

I stalk and prick and steal ID’s and sock puppet every one of the intelligent comments. This excludes everything by me and juanPee. And I’ve been doing that each and every day for years. Now that I am being moderated and neutered every single day, I am afraid to post much under my own name. Everyone knows I am insane. I will only go to the moderated side if I think Davy will not see me there. He kickes my ass because I can’t win debates being a uneducated moron.

Duncan Idaho on Sun, 12th Apr 2020 5:32 pm

So what’s going to happen come winter time?

Depends if we have reached herd immunity– we are only at 3%, so this has just started.
We need to get to 70%.

Could have protection from a vaccine, but that is a minimum 15 months away, if everything goes perfect. Not likely.

JuanP is stupid on Sun, 12th Apr 2020 5:32 pm

This is from stupid:

im so sorly i guess im vary sorly everyone i was young naive ignorant arogant and stupid i did not listen to supertard madkat i would be in china livin tiem of my life rigt now but im stuck 3rd world america quote unquote grate leveling said Sri Lanka’s mosque said Sunday it had forgiv…

JuanP said Oops, sorry juanPee. Correction: I stalk davy now…

Davy said Oops, sorry cloggo. Correction: I stalk each and e…

JuanP said I hate myself as much as I hate Eurotardland but a…

Davy on Sun, 12th Apr 2020 5:36 pm

Oops, sorry everyone. Corrected Correction:

I stalk and prick and steal ID’s and sock puppet every one of the intelligent comments. This excludes everything by me and cloggo. And I’ve been doing that each and every day for years. Now that I am being moderated and neutered every single day, I am afraid to post much under my own name. Everyone knows I am insane. I will only go to the moderated side if I think it will get JuanP banned. He kicks my ass because I can’t win debates being the uneducated moron that I am.

JuanP on Sun, 12th Apr 2020 5:41 pm

Oops, sorry everyone. Corrected Correction:

I stalk and prick and steal ID’s and sock puppet every one of the intelligent comments. This excludes everything by me juanPee and cloggo. And I’ve been doing that each and every day for years. Now that I am being moderated and neutered every single day, I am afraid to post much under my own name. Everyone knows I am insane. I will only go to the moderated side if I think I can sneak in without Davy seeing me. He kicks my ass because I can’t win debates being the uneducated moron that I am.

JuanP on Sun, 12th Apr 2020 5:43 pm

“As the saying goes, conservatives say government doesn’t work, and when in charge, they set out to prove it.”

Duncan, quit being a horses ass. Your libs are the ones fucking the gov up. The witch Pelosi is a prime example or the numbnut Shiff.

Davy on Sun, 12th Apr 2020 6:00 pm

Oops, sorry everyone. Correction:

JuanP didnt say that, I did. I often lose track of who I am stalking and ID stealing at any given moment. But usually it is JuanP ROFLMAO. But sometimes, I mean to use to own name, but my phone messes me up and pastes in JuanP, like what happened two times above. Sorry for being such a stupid douche bag everyone. Cant help myself.

JuanP on Sun, 12th Apr 2020 6:28 pm

Oops, sorry everyone. Corrected Correction:

I said that. I often lose track of who I am stalking and ID stealing at any given moment. But usually it is Davy ROFLMAO. BTW, I am insane and a pussy But sometimes, I mean to use to my own name, but my phone messes me up and pastes in pink poodle, like what happened two times above. Sorry for being such a stupid douche bag everyone. Cant help myself. I am juanPee the south murikan bum fuck boy

REAL Green on Sun, 12th Apr 2020 6:29 pm

Would someone PLEASE bitch slap my ass and good?

JuanP on Sun, 12th Apr 2020 6:32 pm

Would someone PLEASE claw hammer my skull for good? I wish I were dead

Duncan Idaho on Sun, 12th Apr 2020 7:40 pm

If you don’t sin, Jesus died for nothing.
(for my Cabbages For Christ comrades)

makati1 on Sun, 12th Apr 2020 7:46 pm

The bestselling historical fiction novel is the Bible. Just enough truth to make it seem real, like a good lie. So much death and destruction from one small fictional story. Sigh!

Duncan Idaho on Sun, 12th Apr 2020 7:46 pm

Bolsonaro dragging Brazil towards coronavirus calamity, experts fear

Between the Fat Boy and the Clown Prince, he is one of the psychopaths.

Duncan Idaho on Sun, 12th Apr 2020 7:49 pm

The bestselling historical fiction novel is the Bible.

Our Bloodthirsty Bible:

https://www.youtube.com/watch?v=yQFI66E12sU

peakyeast on Sun, 12th Apr 2020 7:54 pm

I had expected Venezuela to collapse with these oil prices since they were already on the brink with medium oil prices…

I wonder what is happening there and how long they can continue with the current price setting.

Davy on Sun, 12th Apr 2020 8:15 pm

Oops, sorry everyone. Corrected Correction:

I said that. I often lose track of who I am stalking and ID stealing at any given moment. But usually it is JuanP ROFLMAO. BTW, I am insane and a pussy But sometimes, I mean to use to my own name, but my phone messes me up and pastes in pink poodle, like what happened two times above. Sorry for being such a stupid douche bag everyone. Cant help myself. I am Deranged Davy the Missouri goat fuck boy.

Davy on Sun, 12th Apr 2020 8:21 pm

I too have the liquid farts.
But do not scream and cry and throw your arms around uncontrollably, for I have donated my brain to science.
Years from now the new children will gasp in amazement at it and study my super deep comments and thought provoking wit.

Lord Voldemort of Groningen on Sun, 12th Apr 2020 8:24 pm

If I get the liquid farts, you can have my username.

JuanP on Sun, 12th Apr 2020 8:26 pm

Oops, sorry everyone. Corrected Correction:
I said that. I often lose track of who I am stalking and ID stealing at any given moment. But usually it is Pink poodle ROFLMAO. BTW, I am insane and a pussy But sometimes, I mean to use to my own name, but my phone messes me up and pastes in juanPee, like what happened two times above. Sorry for being such a stupid douche bag everyone. Cant help myself. I am Deranged Juanskum the Miami Beach fuck boy.

SockPuppet Union Boss Internationale on Sun, 12th Apr 2020 8:29 pm

As the chief sock representative for this website I must interject now.
The amount of sock puppetry going on is ruining this forum. I declare the pink poodle of madness and gis purile friends banned.
Come on guys this is very poor and unfair on the members with an actual intellect or no sense of humour.
Yours, Union Boss, Sock Puppetry Internationale

JuanP on Sun, 12th Apr 2020 8:29 pm

Mao Tse Tung on Sun, 12th Apr 2020 8:35 pm

JuanP, my pinky poodly friendly chap. If you wish to die all you need to do is book a cruise.

Guarnteed to drop like a fly on a luxury cruise with liquid farts. No need for any of that hammer nonsense, now run along and be a good chap.

Davy on Sun, 12th Apr 2020 9:48 pm

Oops, sorry everyone. Corrected Correction:

I too have the liquid farts.
I do scream and cry and wave my arms around uncontrollably, for I have donated my brain to an East St. Louis public school science class.
Years from now the new children will gasp in amazement at it and study my super deep comments and thought provoking shits.

I said that. I often lose track of who I am stalking and ID stealing at any given moment.

I AM THE MOB on Mon, 13th Apr 2020 12:32 am

People aren’t dying because of COVID19, they are dying from it. The reason they are dying is because they are old or have prior health issues. And COVID19 is the final nail in the coffin. This is why nobody even knows anyone who has it. Because the average person who dies is 80 years old with numerous prior health issues.

Usually when people die this way they call it “old age”. But that’s just a saying. What happens is your body’s immune system breaks down due to age or health issues, and a virus comes in and kills you off. In a healthy person the body’s immune system would defeat the virus and you would recover. Hence the 99 percent recovery rate and the 1% mortality rate.

So even if we could wave a wand and eliminate COVID19. These people are still going to die in the near term. Just from the normal flu, or bronchitis, etc. So either way the people at high risk are still going to be at high risk. With or without COVID19.

Davy on Mon, 13th Apr 2020 12:49 am

Oops, sorry everyone. Corrected Correction:

I said that. Actually I cut and pasted it from somewhere, dont recall where. But my phone screwed up again, sorry cloggo.

makati1 on Mon, 13th Apr 2020 2:20 am

MOB, the major causes of death in “old” people are: “Heart disease and cancer have been the two leading causes of death among persons 65 years of age and older for the past 2 decades. …“Old age” is not truly a cause of death in and of itself. To “die of old age” means that someone has died naturally from an ailment associated with aging. The same usually goes for “dying of natural causes.” Google

The leading causes of death among older persons ages 65 years and older are:
•Heart disease
•Cancer
•Stroke
•Chronic lower respiratory diseases such as emphysema and chronic bronchitis
•Influenza and pneumonia
•Alzheimer’s disease
•Diabetes
•Nephritis, nephrotic syn-drome, and nephrosis, which are kidney diseases
•Accidents (unintentional injuries)
•Septicemia (blood poisoning

REAL Green Davy on Mon, 13th Apr 2020 2:21 am

I have incorporated the following modification for accuracy:

ORIGINAL: “I said that. I often lose track of who I am stalking and ID stealing at any given moment.”

MODIFIED: I said that. I often lose track of who I am stalking and ID stealing and moderating/neutering and last but not least, pricking.

FULL UPDATED VERSION:

“Oops, sorry everyone. Corrected Correction:

I said that. I often lose track of who I am stalking and ID stealing and moderating/neutering and last but not least, pricking.”

Abraham van Helsing on Mon, 13th Apr 2020 4:16 am

100% correct.

People die of old age.

At some point the candle has been burned. It can be hour heart, a blood vessel in the brain, a broken hip, a flu or corona that is the straw that breaks the camel’s back.

Losing a parent of 80 is only a temporary drama for their children, not at all a drama at a national level.

But people have become snowflakes to the tune that now only dying and child-birth are events that need to be banned from life, even sex has become too messy, too threatening for the mobile phone generation:

https://www.japantimes.co.jp/news/2016/09/16/national/social-issues/sexless-japan-almost-half-young-men-women-virgins-survey/#.XpQtGogzaUk

There is absolutely nothing desirable about striving for yet another round of economic growth and achieve even more comfort.

Abraham van Helsing on Mon, 13th Apr 2020 4:18 am

“that now only dying” should be: “that not only dying”

I AM THE MOB on Mon, 13th Apr 2020 4:20 am

How cute people think were are going back to normal. This party is just getting started. A year from now we look back at this like the glory days.

Abraham van Helsing on Mon, 13th Apr 2020 5:07 am

Autonomous driving around of COVID-19 tests in Florida on a clinic campus:

https://www.youtube.com/watch?v=xN-8scaNxqw

https://cleantechnica.com/2020/04/11/autonomous-shuttles-at-mayo-clinic-move-covid-19-tests/

Antius on Mon, 13th Apr 2020 11:03 am

This article highlights what I suspect to be the most serious long-term consequence of COVID-19: the final death of human liberty in western countries. Aside from the utterly shameless attempts to single out and slur Victor Orban, the article raises valid concerns.
http://www.msn.com/en-gb/news/spotlight/as-leaders-seize-powers-to-fight-coronavirus-fear-grows-for-democracy/ar-BB12wQ90?ocid=ientp

I have watched Britain devolve into a police state since the 1990s. New legislation was pushed through parliament following terrorist attacks in London and 9/11. Most people naively assumed that these measures were justified and intended to keep them safe. Generally the public are blase and indifferent to attempts to destroy their freedom. Amidst what appears to be an imminent threat to their lives, abstract concerns about freedom of speech, movement, association and privacy, appear to have no importance. People do not seem to understand why the government is something they should be frightened of.

Incitement of Hatred laws turned Britain into a totalitarian state, in which simply expressing a contrary opinion could land a person in jail. There was remarkably little concern raised in the media at the time. Very few people even seemed to notice. Many political dissidents rot in Britain’s jails for nothing more terrible than having said the wrong thing to the wrong person. Anti-terror legislation created Britain’s Terror Police, a defacto secret police force whose job is to hunt down anyone deemed to be an enemy of the state. They have very little public oversight and ‘broad discretionary powers’. The government defines as extremist anyone or any group with ideological aims different to those of the political mainstream. It is a short step from ‘extremist’ to ‘terrorist’ and in fact the only thing needed for an organisation to be criminalized in this way, is for enough MPs to decide that it should be so. The Communications Act of 2016 allowed the government complete access to all online communications and also allowed them to gag internet companies into not revealing that requests for information had been made. The few voices of dissent to the growth of the police state, both in Britain and abroad, have been persecuted, exiled and imprisoned. Men like Edward Snowden and Julian Assange.

Coronavirus emergency powers have removed what little freedom remains. You now have literally no freedom of movement or association without permission. What was brought in as a a short term emergency power will be permanent. There is no public outcry or concern. Most of the public are idiotically supportive of measures that they think are there to keep them safe. This is how liberty ends: with thunderous applause.

I AM THE MOB on Mon, 13th Apr 2020 5:57 pm

Bill Gates has a weird fixation on birth rates in Africa, and history has shown us that doesn’t end well.

makati1 on Mon, 13th Apr 2020 6:44 pm

MOB, maybe his momma got raped by a big, black, African stud…and liked it? Or, as a wimp kid, he was beaten/raped by a black stud?

Psychosis is dangerous when the person has $100,000,000,000.00 to blow before he dies. He can kill a lot of people with vaccines and never be arrested.

The Nationalist on Mon, 13th Apr 2020 8:18 pm

I agree Antius, as a Briton I believe Julian Assange should be released immefiately. Anyone who thinks people like Assange are the problem should go and get their head checked.
Tax dodgers just dont like being found out, like the former UK prime minister David Cameron who wanted to start banning websites.

Abraham van Helsing on Tue, 14th Apr 2020 11:44 am

Are we spared nothing?!

https://economictimes.indiatimes.com/jobs/only-6-of-those-passing-out-of-indias-engineering-colleges-are-fit-for-a-job/articleshow/64446292.cms?from=mdr

“94% of (Indian) engineering graduates are not fit for hiring, says this IT stalwart”

#B737Max

“If you pay peanuts, you get monkeys”

Wellknown McKinsey proverb.

Abraham van Helsing on Tue, 14th Apr 2020 1:34 pm

IMF: China big winner corona crisis

https://www.dailymail.co.uk/news/article-8218417/IMF-says-UK-faces-6-5-cent-hit-GDP-year.html

“IMF says UK faces 6.5 per cent hit to GDP this year but Italy, Spain, France and Germany will be even WORSE as ‘lockdown recesssion’ shapes up to be worst in 90 years with $9TRILLION wiped off the global economy”

EU -7.5%
UK -6.5%
US -5.9%
CN +1.2%

ALL massive bounce-back in 2021.

Abraham van Helsing on Tue, 14th Apr 2020 3:30 pm

Ramzpaul explaining why the lock-down will soon be over: the red state Texas has decided for an early easing of the lock-down. If the death rate won’t explode, the blue states will have a lot of explaining to do and can’t afford to stay behind:

https://www.youtube.com/watch?v=xB3U6xUm4IE

Texas easing the lock-down:

https://www.newsweek.com/texas-ease-coronavirus-lockdown-under-executive-order-restore-livelihoods-governor-says-1497371

“TEXAS TO EASE CORONAVIRUS LOCKDOWN UNDER EXECUTIVE ORDER TO ‘RESTORE LIVELIHOODS,’ GOVERNOR SAYS”

Antius on Tue, 14th Apr 2020 11:39 pm

In 2019, China achieved 6% economic growth by spending borrowed money equivalent to about 30% of GDP.

Any country could do that. Would any other country be crazy enough? After the Corona crisis has passed, I wouldn’t be surprised to see a global freeze on all foreign investment into China. People are now starting to realise that we have been feeding this monster too much for too long and it is now in danger of eating its keepers.

Abraham van Helsing on Wed, 15th Apr 2020 5:25 am

Straight from the horse’s mouth:

US jew Eric Weinstein spilling the beans about the strong connection between Israeli intelligence (Mossad) and the US-jewish-run pedophile network around Jeffrey Epstein, with dual purpose:

1. enjoying the illegal company of very young pretty white girls
2. implicating high-ranked people in illegal pedophile acts and as such make them vulnerable to blackmail and as such serve Zionist goals (“honey trap”)

https://www.geenstijl.nl/5152933/eric-weinstein-ontmoette-jeffrey-epstein-in-2004-is-waarschijnlijk-construct-israelische-intel-dienst/#more

(English video and text snippets)

Geenstijl is the largest populist right-wing blog in the Netherlands and the largest blog per se. Like most European right-wingers (EDL-UK, AFD-Germany, PVV-NL) they always have made pro-Israel sounds, just to avoid the what is in Germany known as the Auschwitz-Keule, with limited success.

But now even Geenstijl has to admit that all these “Zionist-plot” screamers could have a little bit of a point.

Btw, where is Ghislaine Maxwell?

https://www.theguardian.com/us-news/2019/dec/12/she-was-so-dangerous-where-in-the-world-is-the-notorious-ghislaine-maxwell

“‘She was so dangerous’: where in the world is the notorious Ghislaine Maxwell?”

Epstein was likely killed, so was here father. A lot of high-ranking people have an interest in getting her killed as well. Right, Andrew?

Davy on Wed, 15th Apr 2020 6:51 am

“In 2019, China achieved 6% economic growth by spending borrowed money equivalent to about 30% of GDP.”

China is no longer converting investment into return at an acceptable level at home in many industries and sectors. This is part of the reason for the BRI. They were exporting excess capacity that was not paying locally. Now with globalism in a tailspin the BRI is dead at least as envisioned a few years ago. Most BRI investment was geared for growing globalism not a declining one.

Antius on Wed, 15th Apr 2020 9:03 am

“US jew Eric Weinstein spilling the beans about the strong connection between Israeli intelligence (Mossad) and the US-jewish-run pedophile network around Jeffrey Epstein, with dual purpose”

These people are truly disgusting. I wonder if we can ever really be free from them. They have us by the balls, with complete control of the media and hate speech laws in most European countries preventing their crimes from being made public.

In the past, I have talked about setting up underground secret society movements to work against ZOGs. In Britain at least, these are likely to end up on banned organisation lists, with membership earning you a 10 year prison sentence. The terror police are used as a secret police force to hunt people like this down. So in practice, it is very difficult to mount an effective rebellion against ZOG interests. Any suggestions?

Abraham van Helsing on Wed, 15th Apr 2020 3:02 pm

“Scientists confirm dramatic melting of Greenland ice sheet“

https://www.theguardian.com/science/2020/apr/15/scientists-confirm-dramatic-melting-greenland-ice-sheet

Abraham van Helsing on Wed, 15th Apr 2020 3:29 pm

The new UK opposition leader:

https://gab.com/system/media_attachments/files/047/725/857/original/8a412043af6afb93.jpeg

Difficult to see how the “rivers of blood” can be avoided.

Abraham van Helsing on Thu, 16th Apr 2020 4:24 am

Wow, France and Amazon clash, formidable!

https://www.nytimes.com/2020/04/15/business/amazon-france-covid.html

“Amazon to Suspend Operations in France Over Coronavirus Dispute”

What a fantastic opportunity for French competitors to jump into the gap:

10 European competitors of the Amazon hulk and main-street destroyer:

https://blog.edesk.com/resources/european-marketplaces-alternatives/

In a real trade war EU-US, me as a European supremacist, would first crush Amazon.

The next target would be Microsoft, a European ban on Windows and Office and force everybody to use the free Linux and OpenOffice:

https://en.wikipedia.org/wiki/List_of_Linux_adopters

Next ban: Apple, iPhone and iPad and let Nokia and Android-Linux jump into the void.

https://www.belsimpel.nl/nokia-8-3/128gb-blauw

If you want to end globalism, then do it good!

Abraham van Helsing on Thu, 16th Apr 2020 5:29 am

“Donald Trump on Letterman, 1986-87”

https://www.youtube.com/watch?v=wVsAir5fDbs

At [15:00] Donnie is flirting with the presidency, but then immediately rejects the idea.

Exactly what Trump is, the reluctant president.

Davy on Thu, 16th Apr 2020 5:38 am

Not good for cloggo’s EuropeUp

“Turkey’s economy is in trouble as experts worry it could become a new coronavirus hotspot”
https://tinyurl.com/rhbl3on cnbc

“Turkey began registering more than 3,000 new coronavirus cases per day after April 4 and has reported more than 4,000 per day since April 8, a sudden surge that’s alarmed health experts. The country of 82 million is one of the few in Europe that hasn’t implemented a mandatory nationwide lockdown, something its president Recep Tayyip Erdogan has so far avoided. After nearly two years of a weakening currency, high debt, dwindling foreign reserves and growing unemployment, Turkey is in a particularly bad place to weather a pandemic, experts say.”

Kunstler: Risings and Fallings

Leave a Reply Cancel reply