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America collapse Coronavirus COVID-19 crash Dollars Effects entire system Federal Reserve Government Headline News healthcare Intelwars modern monetary theory Money Creation printing sick care system failure

Covid Is Toppling America’s “Points of Failure” Dominoes

This article was originally published by Charles Hugh Smith at Of Two Minds Blog.

Sorry Fed, it’s too late. The dominoes are already toppling, and every point of failure is being exploited by the catalyzing effects of Covid.

America’s many points of failureleverage points where a break brings down the entire system–are falling like dominoes, a process catalyzed by Covid. These systemic points of failure have been masked for the past 20 years by the widespread distribution of trillions of dollars, either printed or borrowed.

There’s no point of failure that can’t be glued together or covered up a bit longer with fountains of cash. That’s the American way of solving problems: just throw more money at it.

Unfortunately for America, substituting borrowed trillions for real problem-solving generates its own set of problems, problems that increase the system’s vulnerability to collapse. Healthcare / sick care is a leading example of this: as the corruption, pay-to-play, and profiteering deepened, the federal government’s endless borrowed trillions boosted healthcare / sick care from 5% of the nation’s economy to roughly 20% today.

Covid Is Revealing the Cancerous Underbelly of U.S. Healthcare.

As I’ve noted for a decade, this has created an enormous fragility: healthcare is now so immense that it will bankrupt the nation all by itself. (see charts below) Once the corrupt, pay-to-play, profiteering sectors such as healthcare and banking become “too big to fail,” then the Federal Reserve and Treasury are obliged to bail them out or continue funding their spiraling-out-of-control demands.

Speaking of “too big to fail,” look at the voracious monster the Fed’s endless monetary goosing has incentivized–a financial system addicted to Fed “free money,” soaring debt, accelerating leverage, and near-infinite speculation.

Given that the Fed has effectively promised to backstop all of Wall Street’s bets, bailout every major player and never let the stock market falter for longer than three weeks, the Fed has created this incentive structure: there is no risk at all in borrowing billions, leveraging it into tens of billions and then dumping these multiplying billions into the most speculative bets available.

And so that’s what every fund manager, hedge funder, punter, gambler, and guru has done, and been richly rewarded for doing so.

There’s just one tiny little second-order consequence of the Fed’s incentivizing debt, leverage and speculation: wealth and income inequality have reached such extremes that they’ve unraveled the social order. Social cohesion: gone. The social contract: shredded. Social disorder: in the first inning of a very long game.

Now the Fed is backtracking while it laughingly claims its policies didn’t have anything to do with America’s skyrocketing wealth/income inequality. That the Fed is well aware of the destructive consequences of its endless quantitative easing is evidenced by their recent proposals (FedNow) to start sending “free money” directly to households via a new system of household accounts at the Fed. (Look for an initial rollout by 2022.)

Sorry Fed, it’s too late. The dominoes are already toppling, and every point of failure is being exploited by the catalyzing effects of Covid, either first-order or second-order effects. Every weak point–corruption, incompetence, bureaucratic sclerosis, self-serving insiders, counterproductive complexity, regulatory thickets, clinging to the past, and most especially doing more of what’s failed spectacularly–will give way, bringing down existing systems with a momentum that will surprise all those who thought every system in America was rock-solid and forever.

Two words will define 2021: acceleration and amplitude. The catalyzing effects will accelerate throughout all the interconnected systems like wildfire and the consequences will move rapidly from linear (predictable) to non-linear (geometric, unpredictable) as each weakness is amplified by the self-reinforcing dynamics unleashed as every point of failure triggers another failure in a connected system.

If you still believe that America’s systemic points of failure are endlessly sustainable, please study these four charts and extend the trendlines.

If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

The post Covid Is Toppling America’s “Points of Failure” Dominoes first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Farragut, TN Passes Resolution to Stop 5G Installation Until FCC Limits Ensure Safety

This article was originally published by B.N. Frank at Activist Post. 

People worldwide – including elected officials – are opposed to 5G being installed in their communities because of risks to biological health, cybersecurity (see 123), environmental health (see 1234), privacy (see 12), safety, and more.  Many cities and countries have taken action including banning it, filing lawsuits, issuing moratoriums, passing ordinances and resolutions, etc. (see 123456).  This now includes Farragut, TN.

From Environmental Health Trust:

The Farragut Tennessee Resolution on 5G

Farragut Tennessee has approved a resolution calling on state and federal governments to halt 5G until health risks are evaluated by “sound science.”  The resolution details how FCC limits are outdated and considered inadequate to protect human health by many scientists. (EHT maintains research on 5G, 4G and wireless radiation HERE.)

“The measure asks governments to halt 5G infrastructure until the FCC conducts an independent study into any possible health risks posed by the technology.”- WBIR Farragut leaders call on state, federal governments for a halt to 5G towers

Excerpts from the 5G Resolution

WHEREAS, as the result of the concerns of numerous local governmental entities from around the country and their citizens that the FCC has failed to study and reevaluate the health effects of its current standards in light of the inherent changes characterized by the 5G technology, litigation is pending against the FCC that seeks to stop the rapid deployment of the 5G infrastructure until the FCC has completed its study of the health effects of the deployment of 5G technology and, if necessary, has updated its regulations accordingly.

NOW, THEREFORE, by the adoption of this Resolution the Board of Mayor and Alderman of the Town of Farragut, Tennessee petitions and encourages the governments of the United States of America and the State of Tennessee to take actions within their power to halt the deployment of the 5G wireless facilities within the rights-of-way of our local communities belonging to the public until such time as the only agency with the authority to do so, the FCC, reevaluates by an independent study the adequacy of its radio frequency emissions standards and concludes on the basis of sound science that those standards, or standards adopted as a result of said further study, are adequate to ensure that the health of the public at large will not be adversely affected by long-term exposure to radiofrequency emissions from the placement and operation of 5G wireless facilities throughout our communities

See a PDF of  the Farragut Tennessee 5G Resolution

Farragut Tennessee is one of several US cities taking action on the issue of 5G

Hallandale Beach Florida and Greendale Wisconsin have also passed 5G resolutions.

In April 2020 Sandy Springs Orders Stop Work Order for 5G Poles. “Upon hearing that subcontractors were approaching homeowners during this time of a national pandemic crisis, the city has issued a Stop Work Order on all installation in [residential] neighborhoods until the end of [the] pandemic crisis,” city spokesperson Sharon Kraun said. The installation of poles had already been controversial, with the city and residents critiquing them, but the city has failed to be able to block the installation locally due to state law.”

In March 2020, Keene New Hampshire halted 5G. “The council unanimously approved a separate motion, instructing staff to proceed with drafting an ordinance that would create location and design standards for small wireless facilities installed in public rights-of-way. Also known as small cells, these facilities can be used to roll out 5G, the next generation of mobile networks that boasts faster download and upload speeds, as well as previous generations.”

March 2020: Santa Barbara California Paused 5G. “Facing a gathering storm of opposition from anti-radiation activists worried about the health effects of the new 5G cellular technology, the Santa Barbara City Council voted to delay authorizing a licensing agreement with Verizon that would have allowed the cell phone service giant to install up to 60 new 5G cell phone antennas on light fixtures downtown.”

Actions by US Cities to Restrict “Small Cells” and/or 5G with ordinances include: 

  • Los Altos California:  installation of small cells on public utility easements in residential neighborhoods is prohibited.
  • Petaluma, California, no Small Cell shall be within 500 feet of any residence.
  • Fairfax and Mill Valley California, small cells prohibited in residential zones
  • San Diego County, no small cells located within 1,000 feet of schools, child care centers, hospitals, or churches.
  • Mason, Ohio, No small cells in residential areas or within 100 feet of residential property
  • Burlington, Massachusetts, annual recertification fees for small cells.
  • Baton Rouge, Small cell deployment halted.

See a full compilation of the US Cities issuing ordinances to slow the densification of 4/5G Antennas at this link – USA Cities on 5G Small Cells Action.

Since 2018, there have been reports of people and animals becoming sick after 5G was turned on (see 1234).  Thanks to these organizations for providing updated resources for Americans fighting 5G deployment:

The Federal Communication Commission (FCC) is supposed to protect Americans by regulating the telecom history.  Despite opposition and warnings, they are using the pandemic as an excuse to speed up 5G installation (see 123456).  This includes launching tens of thousands of satellites with millions of antennas to blast 5G and WiFi at us from space (see 123).  Lawsuits have been filed against them for NOT protecting Americans from unsafe levels of radiation (see 12) and 5G (see 123).

Activist Post reports regularly about 5G and other unsafe technology.  For more information, visit our archives.

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