Not sure the purpose for the lie … just that it’s a lie.
As a wild engineering guess:
To have such an ‘aircraft’ operate on Mars, the rotor blades would need to be a half-mile long, fifteen feet in width and be weightless themselves; spinning at 600 – 1000 PRM, to be able to lift a 4-lb payload.
Let’s see if anyone has the cajones to do the real math on this one.
Current parallels to The Great Depression can not be refuted.
Benign (25% unemployment) history book accounts are lies.
No surprise there.
One excellent source for what’s likely to happen next; Neil McCoy-Ward and his latest update.
Some comments from the linked livestream posted below:
This is a typical excuse (it’s not 1931) or complaint from those who do not have the neural plasticity to take yesterday’s data and adapt it to the current scenario.
These types of people are not likely to survive
Yes, the medical community (with few exceptions) has been bought.
The stock market peaked on September 3rd, 1929, the Tuesday after the Labor Day weekend.
Labor Day for 2020, is Monday, September 7th
The bond market has posted a double top and reversed. Rates are moving up.
Now, the stock market is stretched, extended and rates are rising; similar to August 1987.
The problem is, it’s similar by an order of magnitude or more.
Remember in the most recent downturn, there were trading halts, brokerage server blow-ups and customer accounts going completely off-line.
In that situation, if someone is long and expecting to beat the herd on the way out, good luck.
The firm sponsoring these updates and analysis stopped trading the (equity) long side of the market years ago; recognizing at any moment, the entire system could break-down with any open positions effectively locked.
If there’s another large break with orders, positions, accounts ‘trapped’, for hours or possibly days; who wants to be on the long side of the market?