…During the Fleecing of America Part I: The Great Financial Crisis, we were promised this would never happen again. Everything was "fixed.” Yeah, it was fixed all right. It was rigged by a system that is based on fraud, accountable to no-one and is systemically rotten to the core. In 2009, the Federal Reserve's rhetoric was: these bailouts are extraordinary “temporary emergency measures,” and we will “fix” regulations, increase interest rates and shrink our $5 trillion balance sheet. Did it ever happen? Nope, it was all lies. To hide their ineptitude, the central banks are now using Covid-19 to cover their decades of reckless policies that caused crisis after crisis, with the amounts staggeringly more massive each time. All the “too big to fail” companies need to be dismantled, and the Fed needs to be audited and shuttered. Executives at firms that receive bailouts need to have their bonuses, stock, stock options and a big chunk of their pay clawed back. As for oligarchs like Fink, he needs to be dethroned and his casino cut down to size, rather than be given multi-trillions in assets to manage for the Fed. These bailouts are plunder on a massive scale, enabled by Washington DC’s political class. This is not capitalism or democracy; it is a modified oligarchy.
Globalism has always, at least in the late part of the 20th century been about Asianisation, mainly dominance by China. We have seen this in Australia, with first the propaganda machine getting going once multiculturalism had broken the back of Anglo-Australia, then with the Asianisation part of Asia ideology, then open endorsement of being a colony of China, prelude to total replacement. But, Japan is not going to way of cucked pseudo nations, and proudly is returning to nationalism:
“Japan has earmarked US$2.2 billion of its record economic stimulus packageto help its manufacturers shift production out of China, as the coronavirus disrupts supply chains between the major trading partners. The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen (US$2 billion) for companies shifting production back to Japan and 23.5 billion yen for those seeking to move production to other countries, according to details of the plan posted online. The move coincides with what should have been a celebration of friendlier ties between the two countries. Chinese President Xi Jinping was supposed to be on a state visit to Japan early this month. But what would have been the first visit of its sort in a decade was postponed a month ago amid the spread of the novel coronavirus and no new date has been set. China is Japan’s biggest trading partner under normal circumstances, but imports from China slumped by almost half in February as the disease closed factories, in turn starving Japanese manufacturers of necessary components. That has renewed talk of Japanese firms reducing their reliance on China as a manufacturing base. The government’s panel on future investment last month discussed the need for manufacturing of high-added value products to be shifted back to Japan, and for production of other goods to be diversified across Southeast Asia.”
No, not academics from the Arts and Humanities, the two-legged postmodern socially constructed version of rats, but the nicer, furry, equally as diseased, four-legged type, although some may be missing a leg or two given cannibalism, in this time of restaurant closure:
“America's rats are being hit hard by the coronavirus. As millions of Americans shelter indoors to combat the deadly virus, which has claimed over 21,000 U.S. lives, many businesses — including restaurants and grocery stores — have closed or limited operations, cutting off many rodents' main sources for food. On deserted streets across the country, rats are in dire survival mode, experts tell NBC News. "If you take rats that have been established in the area or somebody's property and they're doing well, the reason they're doing well is because they're eating well," Bobby Corrigan, an urban rodentologist, told NBC News. "Ever since coronavirus broke out, not a single thing has changed with them, because someone's doing their trash exactly the same in their yard as they've always done it — poorly." But many other rats are not faring as well, said Corrigan, who works as a consultant for several city health departments and businesses, such as airports and shopping malls.”
Do you like my use of Spanish in the title which some may have thought was a typo? No, I have decided to learn Spanish to possibly migrate to South America, when Australia collapses, and have learnt one word today. I know nothing about the place, but I like the southernmost area, Tierra del Fuego (“Land of Fire”), which I imagine will be at least warmer than Melbourne, and less windy. But, that raises a problem about what to do with my private zoo of pet tigers, especially now that the poor kitties could get AIDS, sorry, wrong pandemic, coronavirus:
“Last month, Dr. Fauci insisted at a White House task force press briefing that there was no evidence that pets were vulnerable to the novel coronavirus. Then scientists in Belgium and Hong Kong confirmed that they had found pet cats owned by people infected with the virus that had somehow caught it, as evidence was detected in their urine. At least pet dog has also been infected. As CNN so aptly points out, the "weak positives" produced in tests of these animals haven't offered any reason for scientists to suspect that these animals could infect humans - only that these pets could be infected by humans, as humans were once, in turn, infected by animals. No article that we've seen in the mainstream US press has offered a detailed explanation for the scientific community's reasoning in thinking that these tests suggest that pets can't infect humans. But while CNN and others have reveled in mocking alarmists who believed in this Internet 'conspiracy theory', they neglected to explain that there are two critical reasons for this: the first being that dogs and cats infected in past coronavirus outbreaks (namely, the SARS outbreak in 2002-2003) have shown that the strains they typically pick up don't cause respiratory problems. Have we confirmed the same is true for the novel coronavirus? No.
This first happened in the US, and is here now in Oz I believe. I will check this out a bit later and correct the article if necessary, but a security bloke with a huge gut told me that this was coming when I was in the supermarket on Friday. (Yes, just got back to the computer from both supermarkets, and there are barricades of goods at the front blocking the entrance in part. Will there be barbed wire used in the future, or is this just paranoid delusions on my part?) It is only a matter of time before shopping becomes impossible, due to supply lines running out, and one has to live on Mars Bars from vending machines, which seem to be infinite, so I guess we won’t starve. Oh well, death by diabetes is better than being shot, which is occurring in some parts of the world, like the heaven of diversity, South Africa:
“The police and army have, at times, acted with thuggish abandon in their attempts to enforce the three-week-long lockdown, humiliating, beating, and even shooting civilians on the streets of the commercial capital, Johannesburg, and elsewhere. There has been confusion about some of the regulations, clumsy messaging and U-turns from some of the country's less impressive ministers. Above all, there has been the struggle to impose social distancing and effective hygiene in South Africa's poorest, most crowded neighbourhoods, where many fear the virus could yet wreak havoc.”
There is no doubt about it, the globalists are romping ahead with their agenda. Tell me why anyone concerned about preserving social order would want to empty prisons, a pet thing of the Left, who want the coloured prison class to turn on the capitalists, and the normies, hence bringing the glorious Marxist revolution, and power of life and death, supposedly to them:
“The Brennan Center for Justice, which is heavily financed by George Soros, has submitted a letter to the governors of all fifty states urging them to use executive action to “release as many people as possible from incarceration” due to coronavirus fears “provided they do not pose serious public safety threats.” The letter cited concern that the U.S. prison population could face greater risk of illness and death than the general public due to the Chinese coronavirus pandemic. nnan Center for Justice, located at NYU School of Law, is heavily financed by Soros’s Open Society Foundations and is the recipient of numerous Open Society grants. While the Brennan Center’s recommendations for clemency and sentence reduction are expansive, the progressive group is not alone in advocating for such reprieve. Advocates, criminal attorneys and family members of those incarcerated have urged the harder hit states to release older prisoners and those who at higher risk for coronavirus complications due to underlying health conditions. California already began fast tracking the release of about 3,500 inmates serving sentences for nonviolent crimes and who are also due to be paroled within 60 days. The New York Post reported that thousands of state and federal inmates are using coronavirus fears to push for early release, with their attorneys citing underlying health conditions. “Everyone from killers, drug traffickers and gang members to mobsters, fraudsters and accused rapists are making a bid to get out of the clink,” the New York Post reported. U.S. Attorney General William Barr expedited a directive to release certain inmates to home confinement if they are at high risk for coronavirus, with focus on federal inmates in Connecticut, Louisiana and Ohio. Eligibility under Barr’s directive would be determined by age, vulnerability to coronavirus, prison conduct, whether they have a re-entry plan and whether the inmates would be a danger to their communities.
I have been looking into material linking the coronavirus and 5 G technology, because, well I am a technophobe and Luddite. How about this one for a connection?
“Is 5G to partially blame for coronavirus deaths? Can 5G cause the blood that’s circulating in your body to be unable to carry oxygen? What’s especially horrifying about the critical care of coronavirus patients is that they aren’t suffering from “viral pneumonia,” but rather from an inability to absorb or carry oxygen in the blood. This has been confirmed by NYC ICU emergency physician Cameron Kyle-Sidell, who has released several videos detailing how coronavirus is not a kind of viral pneumonia. “We’re treating the wrong disease,” he says. And the ventilators are damaging the lungs of patients. He explains: COVID-19 lung disease, as far as I can see, is not a pneumonia and should not be treated as one. Rather, it appears as if some kind of viral-induced disease most resembling high altitude sickness. Is it as if tens of thousands of my fellow New Yorkers are on a plane at 30,000 feet at the cabin pressure is slowly being let out. These patients are slowly being starved of oxygen. What this emergency room physician makes clear is that coronavirus patients are dying from oxygen deprivation, not a classic scenario of viral pneumonia. The patients’ lungs work fine, in other words, and the ventilators are actually damaging their lungs by forcing excessive pressure into them.”
Yes, the new class are at it 24/7. You would have thought that the coronavirus freak-out would have scattered them, especially the climate change mob, but not a chance:
“Several climate alarmists, including celebrities, members of the media, and politicians, are using the deadly coronavirus pandemic to further their climate change agenda. A report by Steven Milloy released by the Heartland Institute on Tuesday, titled Never Waste A Crisis: Climate Alarmism Surfs Coronavirus, highlighted how certain activists are using the crisis to advance their agenda. Included in the report were 60 tweets from a “wide variety of climate alarmists” who have used the crisis to further their climate agenda. Milloy strategically ranked the tweets, giving certain honors to the “top ten,” which included comments from CBS News, Sky News’s Ed Conway, Democratic Socialists of America, Greta Thunberg, and Socialist Party USA. Ranked first in the report was a tweet from CBS Los Angeles, which claimed the coronavirus led to “lower levels of pollution around the world.” The outlet also reported that some have been “seeing dolphins” due to better clarity. “Here we are amid an actual and grave health and economic crisis… and all climate communists can think about is how to exploit global suffering to push their twisted climate hoax,” Milloy said in a statement. The report went on to include Ed Conway’s remarks on the coronavirus as it relates to climate change and concluded that Conway determined that the “coronavirus will kill climate skeptics.” Democracy for America was also highlighted in the report for its tweet promoting the Green New Deal, saying the United States can certainly afford the socialist-backed deal if it can afford a $2 trillion stimulus package for the American people. Similar to Democracy for America, the far-left Democratic Socialists of America was ranked fourth in the report for a tweet the group shared that promoted the Green New Deal amid the coronavirus pandemic. “The coronavirus pandemic makes what we’ve already known clear: we need a Green New Deal to stop climate change, provide desperately needed jobs, and halt future mass pandemics,” the group wrote on March 18.
I have been given a photocopy of chapter 3 of a new book, Regenerate: Unlocking Your Bodies Radical Resilience through the New Biology, by Sayer Ji:
“Modern medicine and human health are at a critical crossroads, and the truth is that you and not your genes are in the driver's seat. You are the one who gets to make informed decisions on how you use and nourish the evolutionary miracle that is your body. Combining analysis of cutting-edge scientific findings with our deepest ancestral wisdom and health-promoting practices, Sayer Ji, founder of GreenMedInfo, offers a time-tested program to help prevent and manage the most common health afflictions of our day-cancer, heart disease, neurodegenerative diseases, and metabolic syndrome. Antiquated thinking and scientific dogma have long obstructed our understanding of our innate untapped potential for self-regeneration and radical healing. But the New Biology explains why biological time is not a downward spiral and how chronic illness is not inevitable when you implement nature's resiliency tools.
Just like the move to keep up gun banning, during these crazy times, the immigration lobby here in the US have not stopped, and are using the coronavirus crisis as a tool for their immigration agenda. The arguments are comic, if the issue was not so deadly:
“Pro-migration advocates say the nation will lose up to 200,000 crucial workers in the coronavirus fight if President Donald Trump does not reverse his opposition to the 2012 Deferred Amnesty for Childhood Arrivals (DACA) amnesty given to roughly 750,000 younger illegals. But the dramatic claim is undermined by rival studies that show few DACA migrants work in the healthcare sector and that many more American healthcare professionals can be pulled off the sidelines to help suppress the dangerous epidemic. “DACA recipients simply do not comprise large a share of workers, and that is certainly true in a huge sector of the economy like health care,” says an April 7 study by the Center for Immigration Studies. “The best augment for legalizing DACA recipients is that they came [to the United States] at young ages, not that they play a big role in fighting the epidemic,” author Steve Camarota wrote to Breitbart News. U.S. healthcare employers are disregarding many sidelined American professionals and qualified legal immigrants who can be mobilized in an emergency, according to an April 2020 report by a pro-migration group, the Migration Policy Institute:
Naughty Christians, going out to illegal Easter worship in these days of medical martial law! Their number plates have been taken, and they will pay, dearly:
“Officials in Kentucky will document the license plate numbers of individuals attending mass gatherings over Easter weekend and turn the information over to health officials, who will require the individuals to self-quarantine for 14 days, Gov. Andy Beshear (D) announced Friday. Beshear sent the warning on Friday as a means to discourage parishioners from attending in-person religious services, or mass gatherings of any kind, over the weekend. “Even on a weekend like this, we cannot have any in-person gatherings of any type,” Beshear said on Friday. “We absolutely cannot bring people together in one building like that, because that is how the coronavirus spreads, and that is how people die,” the governor continued. “Understand that this is the only way that we can ensure that your decision doesn’t kill somebody else.” He said that they “shouldn’t have to” take such extreme measures, adding, “I think it’s not a test of faith whether you’re going to an in-person service.” “It’s a test of faith that you’re willing to sacrifice to protect your fellow man, your fellow woman, your fellow Kentuckian, and your fellow American,” the governor stated. The vast majority of churches in the state are not holding in-person churches, although Beshear indicated that seven are still considering holding such services. “The governor did not clarify how the state will verify which people were correctly identified as being at the mass gathering. He also said the quarantine does not apply to drive-in services complying with CDC guidelines,” WHAS reported. Kentucky Attorney General Daniel Cameron affirmed on Friday that he, personally, takes no issue with drive-in services as long as churchgoers adhere to the CDC’s social distancing guidelines. Louisville Mayor Greg Fischer also advised against mass gatherings of any kind over the weekend, even in homes. “It hurts me to say again that, in order to save lives, we must not gather for Easter this year,” Fischer said. “Not in groups in our homes. Not in public spaces. And we can’t gather in our houses of worship, either.”
This is surprising, and is a piece of challenging evidence against the mainstream narrative:
“Iceland has tested one-tenth of its population for coronavirus at random and found that half of people have the disease without realising. They also discovered that 1,600 people have been infected with Covid-19 since the start of the outbreak. Of these cases, there were only seven deaths, indicating a fatality rate of just 0.004 per cent, which is significantly lower than other countries, including the UK. The findings were made during Iceland's rigorous testing campaign, conducted with the help of Reykjavik-based biopharmaceutical company deCODE genetics, which has seen 10 per cent of the 364,413 population swabbed, something yet to be achieved by any other nation. An estimated 50 per cent of those infected with the virus, the company found, do not show any symptoms. By taking this route, Reykjavik has become the country with the highest proportion of coronavirus cases in the world simply due to their extensive screenings. Meanwhile, other nations remain in the dark as to their true rates of infection. Their approach to 'flattening the curve' has also revealed that cases are stable or on the wane, the company said. Unlike many countries in Europe such as Spain, Italy and Britain, who are facing strict isolation to prevent the spread of the disease, Iceland has not shuttered businesses and shops. They have banned large gatherings of more than 20 people but, according to reports, their social-distancing recommendations are largely being followed. Rates of infection in Iceland mirror those further East, such as Hong Kong, Macau and Singapore, which somehow managed to keep cases low despite their geographical proximity to mainland China and high numbers of tourist arrivals. In Hong Kong, the immediate response from the public in December, tearing through shops to stock up on face masks and hand sanitizer, appears to have helped keep their case numbers low, according to experts. A combination of factors are thought to be giving Iceland the upper hand in battling Covid-19, including their remoteness, the public's respect for scientific expertise, and its emergency response capabilities.”
Pre-schoolers need to be kept away from screens, any screens, that is computers and TV; fly screens I suppose are ok, but kids may fall through them sometimes:
“With millions of children stuck at home during the coronavirus outbreak, digital learning has become the new normal. Although televisions and mobile devices might help students pass the time off from class, new research says parents should be keeping screens away from their toddlers. According to researchers at the University of California, Davis, children who are exposed to screen media at an early age have a harder time controlling their behavior. Amanda C. Lawrence, the study’s lead author, says using screen media devices too early results in a lower ability to self-regulate. More than 50 children, between 32 and 47 months-old, were observed during the two-and-a-half-year study. Preschoolers who started using devices early on struggled with the skills needed to plan and monitor their thoughts and feelings. The researchers add self-regulating skills can predict academic success, physical and mental health, and even in criminal behavior later in life. To test those skills, researchers gave the children several tasks to measure how well they could control themselves, from building towers out of blocks to holding off on opening a wrapped present. “Young children are often exposed to substantial amounts of screen media,” Lawrence said in a statement. “Even though consumption of moderate amounts of high-quality children’s media has been established to have a positive influence on development, the current findings support limiting children’s use of mobile devices.” Lawrence says mobile devices are especially problematic because they interfere with a child’s ability to develop socially outside of the home. “The portable nature of mobile devices allows them to be used in any location, such as while waiting for appointments, or in line at a grocery store,” the doctoral candidate at UC Davis explained.
The Australian Vaccination-Risk Network, has noted that Prime Minister Morrison announced that from the 1st of May 2020 it would be compulsory for those working in aged care or those visiting aged care facilities to receive a flu vaccination. The website has a letter that they suggest might be consulted, along with the individual seeking their own legal advice. Anyway, for information purposes only, in the spirit of public news reporting, here is what they say, not necessarily the views of anyone at this Alog.org site or organisation, but it may be of some in secret, but our lips are sealed until tortured, but let’s not go there:
“Here is the letter to give to the aged care facility
I refer to the recent direction for me to have an annual influenza vaccination.
Before I make a decision in respect of this matter, I would like to clarify certain matters.
Would you please advise as to whether there has been a state or federal government direction to the company which would require us to have the annual influenza vaccine? If such a direction has been made, could I please have a copy of it? If no such government direction has been made, on what legal basis are you directing me to submit to an annual influenza vaccination?
Could you please provide me with the scientific evidence that is being used to justify the new policy?
Upon receipt of the above information I will consider the matter further.
In the interim however, I would like to note the record on certain matters.
1) I am yet to make a decision as to whether I will submit to an annual influenza vaccination. However, I do feel like I am being pressured into submitting to a medical procedure that is not without certain medical risks.
2) I provide below the relevant wording from the safety leaflet for FluQuadri vaccine. On any objective view, a flu vaccine is not completely safe.
Serious side effects:
inflammation of nerves leading to weakness, such as weakness of facial muscles (facial palsy)
visual disturbance (optic neuritis/ neuropathy)
tingling or numbness of hands or feet (paraesthesia)
temporary inflammation of nerves causing pain
paralysis and sensitivity disorders (Guillain Barre syndrome [GBS])
fits (convulsions) with or without fever
severe allergic reaction (anaphylaxis)
temporary reduction in the number of blood particles called platelets (thrombocytopenia)
swollen glands in neck, armpit or groin (lymphadenopathy)
3) My research has led me to many studies which also support my conclusion that a flu vaccine is not completely safe or effective. I have provided some below.
Cochrane Libary reviews of influenza vaccines
Influenza vaccine effectiveness in the community and the household
What, in Fact, Is the Evidence That Vaccinating Healthcare Workers against Seasonal Influenza Protects Their Patients? A Critical Review
4) I am also aware that under the vaccine injury compensation program in the United States, more than $4 billion of compensation has been paid out to victims who have been injured by vaccines in that country. The majority of the cases are caused by the Flu vaccine. Many such cases to be found at this link
5) I certainly do not wish to ever feel that I have passed on a flu or other communicable disease to a third party. However, I need to balance that desire with the fact that I have concerns about the safety of the flu vaccine. There is also no compelling evidence that receiving a flu vaccine makes someone less likely to transmit it to others. In any civilised country like Australia, I strongly believe that whether to have an invasive medical procedure is a personal decision and I should not be subjected to coercion. My job should certainly not be at risk as appears to be the case at the present time.
If it is to be the case that my employment has now become conditional upon submitting to an annual influenza vaccine, are you prepared to indemnify myself and my family for financial losses in the event that I suffer any adverse reaction to the annual influenza vaccine?
Upon receipt of your response to the matters raised in this letter, I will consider the matter further.
I thank you in anticipation,
Yours faithfully …...”
April 11, 2020
FROM Exposing the Myth of Germ Theory by Arthur M. Baker, quoted here:
People have been educated to be terrified of bacteria and to believe implicitly in the idea of contagion: that specific, malevolently-aggressive disease germs pass from one host to another. They also have been programmed to believe that healing requires some powerful force to remove whatever is at fault. In their view, illness is hardly their own doing. The ‘germ era’ helped usher in the decline of hygienic health reform in the 19th century and, ironically, the people also found a soothing complacency in placing the blame for their ill health on malevolent, microscopic ‘invaders’, rather than facing responsibility for their own insalubrious lifestyle habits and their own suffering. Pasteur was a chemist and physicist and knew very little about biological processes. He was a respected, influential and charismatic man, however, whose phobic fear of infection and belief in the “malignancy and belligerence” of germs had popular far-reaching consequences in the scientific community which was convinced of the threat of the microbe to man. Thus was born the fear of germs (bacteriophobia), which still exists today. Before the discoveries of Pasteur, medical science was a disorganised medley of diversified diseases with imaginary causes, each treated symptomatically rather than at their root cause. Up to this time, the evolution of medical thought had its roots in ancient shamanism, superstition and religion, of invading entities and spirits.
14 April 2020
The Doctors Ethical Code of Conduct under the World Medical Association states "Doctors must not use their medical knowledge to remove human rights".
Communist ideology, in both Spain and Italy has been a catalyst for the present coronavirus crisis in these countries:
“The Spanish government, comprised of a coalition of Socialists and Communists, is facing legal action for alleged negligence in its handling of the coronavirus pandemic. The government is accused of putting its narrow ideological interests ahead of the safety and wellbeing of the public, and, in so doing, unnecessarily worsening the humanitarian crisis now gripping Spain, currently the second-worst afflicted country in Europe after Italy.
A class action lawsuit filed on March 19 accuses the Spanish government — highly ideological by any standard, as the Communist coalition partner, Podemos, was founded with seed money from the Venezuelan government — of knowingly endangering public safety by encouraging the public to participate in more than 75 feminist marches, held across Spain on March 8, to mark International Women's Day. The nationwide rallies were aimed at protesting the government's perennial bugbear: the alleged patriarchy of Western civilization. Hundreds of thousands of people participated in those marches, and several high-profile attendees — including Spain's deputy prime minister, as well as the prime minister's wife and mother, and also the wife of the leader of Podemos — have since tested positive for Coronavirus Disease 2019 (COVID-19). It is unknown how many people were infected by the coronavirus as a result of the rallies. The lawsuit, involving more than 5,000 plaintiffs, accuses Spanish Prime Minister Pedro Sánchez and his representatives in Spain's 17 autonomous regions of "prevarication" — a Spanish legal term that means lying and deceiving. The government was allegedly so determined to ensure that the feminist marches took place on March 8 that it deliberately downplayed warnings about the pandemic.”
Here at ALOR.org, we are trying to cover all bases on the coronavirus pandemic, surely the most socially disruptive thing to impact upon normal social life. We have seen some of the absurd consequences of social distancing across the world, and have examined the coming economic impacts of a prolonged crisis. But there is little available from the outright “false flag” school, that conspiratorial theorists from the Dissent Right, know and love. You know, the type of argument that sees some shooting event as involving method actors, and then the proponent gets sued, goes bankrupt, then silent. However, we don’t have that in this area of debate, but there is still some level of scepticism out there.
Here is sceptical material by David Crowe, which goes to the heart of the matter, attacking the RNA tests associated with Cov-19. The tests are allegedly inaccurate, and generate false positives, making the extent of the prevalence of the infection spread, greater than it should in reality be. The core of the problem is the failure to isolate the actual RNA of the alleged virus, Crowe believes:
The French word for “dead” is “mort,” and it is no surprise that our English word “mortgage” also has the connotations of death built into it. This is the field where we conspiracy theorists belong, not contesting biochemistry and things we failed at high school science. To my mind it does not matter what the causes of the present so-called pandemic pandemonium are, bioweapon, natural evolution of nasty bugs, 5 G or whatever. I am agnostic about the biology and causation. But not so the economic effects, which are real. For the US, a mortgage crisis is underway, and this alone could ring in another GFC, not KFC, apart from every other economic mystery and misery:
“Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers, this time the housing sector is facing a far more conventional problem: the sudden and unpredictable inability of mortgage borrowers to make their scheduled monthly payments as the entire economy grinds to a halt due to the coronavirus pandemic. And unfortunately this time the crisis will be far worse, because as Bloomberg reports mortgage lenders are preparing for the biggest wave of delinquencies in history. And unless the plan to buy time works - and as we reported earlier there is a distinct possibility the Treasury's plan to provide much needed liquidity to America's small businesses may be on the verge of collapse - an even worse crisis may be coming: mass foreclosures and mortgage market mayhem. Borrowers who lost income from the coronavirus, which is already a skyrocketing number as the 10 million new jobless claims in the past two weeks attests, can ask to skip payments for as many as 180 days at a time on federally backed mortgages, and avoid penalties and a hit to their credit scores. But as Bloomberg notes, it’s not a payment holiday and eventually homeowners they’ll have to make it all up. According to estimates by Moody's Analytics chief economist Mark Zandi, as many as 30% of Americans with home loans – about 15 million households – could stop paying if the U.S. economy remains closed through the summer or beyond.