Tuesday, March 31, 2020

Why $1,200 not $13,750 ?

Why $1,200?
Why not $13,750?
Can't they divide numbers?

2.2 trillion dollar bailout per worker is

2,200,000,000,000 / 160,000,000 
13750
not 1200

About 160,000,000 employees filed tax returns, should be treated equally.  

Official records published by Saint Louis Federal Reserve Bank


mass arrests

Too good to be true???

Get ready for loss of phone, internet, electricity, water,….
Why I bought a farm some years ago that was unfortunately still on the grid, hard to get off.
Still Looking for a farm that is off the grid.
May not be too late but now no real estate transactions will happen.

0-------------

From: Greg

From David Wilcock's 3/29/2020 long 3.5 hour YouTube Video,

I am hearing the following:

On 3/27/2020
the Federal Reserve Bank was nationalized
and combined with the Treasury Dept.

Trump is now Chairman of the Federal Reserve Bank.

Prior to Good Friday there will be 3 days of no phone and very slow internet .

The internet will be rewired to prevent listening in by the Deep State.

While the internet is down there will be government television of what has been going on with mass arrests.

Warren Buffet,
Ted Turner ,
Mike Bloomberg,
Oprah W,
and especially Bill Gates
will have been arrested for conspiracy to depopulate the earth.

Bill gates has been poisoning people with vaccines all over the world.

The US has sent 30,000 troops
who along with 7,000 European troops

will be making mass arrests in Western Europe.

US troops, 10,000, also are sent to UK to make arrests.

The Brit Royals and 80 in the Vatican, including the pope, are toast.

US troops will break into bunkers and make mass arrests of Illuminati.

Distribute this as you see fit.

Greg

America Entering Permanent Martial Law -- New World Order Out Of Chaos ...


Good short video.

Have noticed blue jurisdictions and mainstream news over dramatizing 
like they do with hurricanes 
and fake winds with machines.

 % of cases is based on those tested.
Few have been tested.

As testing goes up the % infected should go down as most detected cases occurred when someone was noticeably sick.

Corona family of viruses is very common and large groups of persons should have some Corona cells in them.

Medical shelter in place becoming permanent martial law wont work.

In prison new guards are instructed to enforce rules and law tightly by the book and later gradually relax rules.

When a prison society was very lenient with many freedoms and 
THEN tightening and restrictions occured the result was a huge backlash.

Most riots occur after a lockdown or rules and privileges removed 
not when rules were loosened.

Prisons imo are a microcosm of human society in general. 

We are about ten days away from the first urban riots 
assuming quaranteens are enforced.


Ron

On Sun, Mar 29, 2020, 12:27 AM Lothar  wrote:

Adam Andrzejewski | The Depth of the Swamp




Hillsdale College interviews are always worthwhile.

Essentially the Swamp is a giant grift operation extending to all levels of government.

The time period is similar to the late 1700s characterized by the French and American Revolutions.

This sad state of affairs cannot last much longer as mainstreet USA has been drained like a corpse.

Only embittered working Americans including hopeless Millennials along with un-payable levels of debt remain.

Recipients of taxpayer largesse are being assailed on the Left (Sanders / Marxism) and on the right by Populists (Trump).

A brokered class-peace is the best we can hope for

but that is increasingly a longshot as the affluent double down on their weakening grip on assets.

Law enforcement already depleted will have little effect as the palace guard.

Just my take,

Ron

Lothar wrote:


Fed's Cure Risks Being Worse Than the Disease - Trump Socialism, Mal investment

Dear Professor Kaufman,

I agree with what you say.
Monetarism a key tool in understanding the crisis.
I am slowly trying to figure it out and add some opinions.

MV=PQ
Money Supply times Velocity equals Prices times Quantity.

Looks like a tug of war: money versus velocity.
Money supply going up and up from QE1 QE2 ...
Velocity probably going down, but by how much?

On the right hand side of the equation another tug of war:
Prices probably headed up, price gouging already reported.
Quantity going down as stores and shopping centers completely shut down scared shoppers stay home.

It does look like inflation ahead, finally.
Can Trump do the Nixon price controls again?
Can Trump stop hyperinflation?
Hyperinflation vs price gouging — how to tell the difference?
Some prices falling such as oil and gasoline confusing the issue.

A big problem with massive borrowing and massive spending,
entitlements,
helicopter money flying over dropping money into the economy.
With all that money comes increasing prices,
With more inflation, that will drive interest rates higher.
It seems inevitable at some point hard to sell bonds,
so bond prices will fall and interest rates will skyrocket making the federal budget deficit worse.

Worse than stagflation of the 1970s - stagnation + inflation.
This is a catastrophe, uncontrollable depression and increasing prices on many items.

One possible savior is agricultural production, and oil production.
Oil, beef, corn, soy, wheat prices are all collapsing.
People are staying at home and cooking at home.
The corn, soy, wheat and other plants will continue to grow and farmers will continue to farm, with cheaper oil machinery.
Food prices will fall and that is a big part of CPI.

So people will eat well, maybe too much,
and people will have lights, heat, electricity, and water, and TV.
Rent prices will fall as students move home with parents and colleges shut down.
People flee the sanctuary cities and ghettos when they can.
People move in with family for economy and safety.
Causing rents to collapse everywhere.
Gun prices skyrocket.

People stuck at home and not working, and no jobs, no money except for government checks.
They will not be able to buy much, even online.
Amazon Post Office delivery worker strikes may cripple home delivery.
China new cheap stuff will not be available either.

Used cheap junk prices will skyrocket.
$100 for used sox, used shovels, used spark plugs….
Construction and maintenance may not happen
(many projects continue around here).
No financing on new construction or even fixing up old
No illegal drugs from Mexico with the border shut, no money laundering, no transactions.
Massive insanity addicts cannot get drugs.

Looks like the economy is disappearing and we will be back at 1900 living standards or worse.
Cities may riot, crime, steal stuff, massive insanity.

Without jobs, and pay money supply may collapse,
except for the few checks given by Trump government.
No velocity except for food and prescription drugs and home delivery items.

This gets into money laundering and derivatives trading and overseas dollars.
Much money is used for corruption, drug dealing, money laundering, derivatives trading.
Some of that will decrease.

Many big changes hard to figure out.
The New Economy.

-----------------

From: "Kaufman

Joe:

Milton Friedman would roll over in his grave if he could see what is happening at this moment.

Powell is a sign post of coming disaster and Bernanke not far behind.

Perhaps the only more recent Fed Chairman who saw the writing on the wall was Greenspan,
and perhaps some of the Paul Volker initiatives.
Janet Yellen deviating from the Greenspan philosophy was rare.
She was status quo and ended up that way.

Greenspan warned of entitlements in fiscal policy as the culprit in debt control,
not ever realizing that they could do what they did today,
and possibly again in a couple of months.

The debt recovery is out of reach,
and the Treasury is an open bucket.

According to Monetarist thought
the direction of debt at this point is to see a flood of money into the system
that will effect price structure in about eighteen months.

Prices will rise causing interest rates to rise.

The Fed caught in the trap of buying securities to bring it down,
simply adds to an accelerating problem;
i.e. Inflation.

Soon government receipts will not be enough to pay the interest on the debt.

This latter is the key that will lead to disaster,
because the Fed will have to continue to increase holdings on Treasury securities,
thereby buying more Treasuries and printing more money to just pay interest.

It will accelerate out of control, just like it did in the Weimar Republic of Germany in 1921.

There will be no way to control it without default.

A lesson that it seems we have not learned.

Rich

From: joe

Dear Professor Kaufman,

I avoid people, but can still watch TV, read online, and think.
Hard to figure out the news nowadays,
Hard to know what is even going on,
but it seems quite big,
and Trump and the Fed are big players.

The Fed is taking over the whole economy.
Banks are bankrupt
Banks have given out loans that cannot be repaid by
bankrupt companies,
bankrupt people,
bankrupt governments,
and bankrupt foreigners.

The Fed is "lender of last resort" as stated in all textbooks.
So the Fed will buy up those loans with printed money and un-printed money electronic accounts.

Bankrupt entities will get trillions.
You may get $1200 if you are lucky.
May have to get more to prevent riots.

All because of a virus that forces social distancing so much less communicable diseases than normal,
and many more babies being born,
and families learning to cook again, sleep more, take care of their own children,…
Blessing in disguise? as I said in 1974 OPEC oil embargo gas lines, no gas.

Obama Bernanke proved that rich 1% banker rulers can get trillion $$$ bailouts
and the sheeple will not protest much or even know what is going on,
if you give the sheeple $10 minimum wage jobs ($20 or $30 if you got a degree)
to pay interest on large growing debts
and buy phones, TV, games, wine, song, drugs,…

Wait to see if
house arrest
constant electronic disinformation
will force sheeple to gladly accept their new rulers rich 1% elites.
Welcome to the new world order.

Trump fighting to keep Hotels, Casinos, Airplanes burning fossil fuels,
to spread disease, multiculturalism, globalism, conspiracies among rich 1% elites around the world…
When they should stop operating.

"A backdoor to socialism"
as I called the 2009 Obama bailout of GM auto industry Government Motors fossil fuel global warming, etc. etc.
Capitalism is designed to let bankrupt ideas go bankrupt,
whereas socialism and communism allow rich corrupt politically connected to keep operating and get richer
while the economy and sheeple suffer.
Will the sheeple just sit there and take it?

--------

From: Lothar

https://finance.yahoo.com/news/feds-cure-risks-being-worse-110052807.html

whether the cure of an economic shutdown is worse than the virus.

we need to ask if the cure is worse than the disease seizing financial markets
of the Federal Reserve getting so deeply into
corporate bonds,
asset-backed securities,
commercial paper, and
exchange-traded funds.

the Fed has cut rates by 150 basis points to near zero and run through its entire 2008 crisis handbook.

That wasn't enough to calm markets, though
— so the central bank also announced
$1 trillion a day in repurchase agreements and
unlimited quantitative easing,
which includes a hard-to-understand $625 billion of bond buying a week going forward.
At this rate,
the Fed will own two-thirds of the Treasury market in a year.

But it's the alphabet soup of new programs that deserve special consideration,
as they could have profound long-term consequences for the functioning of the Fed
and the allocation of capital in financial markets.

Specifically, these are:

CPFF (Commercial Paper Funding Facility) – buying commercial paper from the issuer.

PMCCF (Primary Market Corporate Credit Facility) – buying corporate bonds from the issuer.

TALF (Term Asset-Backed Securities Loan Facility) – funding backstop for asset-backed securities.

SMCCF (Secondary Market Corporate Credit Facility) – buying corporate bonds and bond ETFs in the secondary market.

MSBLP (Main Street Business Lending Program) – Details are to come, but it will lend to eligible small and medium-size businesses, complementing efforts by the Small Business Association.

To put it bluntly, the Fed isn't allowed to do any of this.
The central bank is only allowed to purchase or lend against securities that have government guarantee.
This includes Treasury securities, agency mortgage-backed securities and the debt issued by Fannie Mae and Freddie Mac.

An argument can be made that can also include municipal securities, but nothing in the laundry list above.

So how can they do this? The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations.
The Treasury, using the Exchange Stabilization Fund,
will make an equity investment in each SPV and be in a "first loss" position.
What does this mean?
In essence, the Treasury, not the Fed, is buying all these securities and backstopping of loans;
the Fed is acting as banker and providing financing.
The Fed hired BlackRock Inc. to purchase these securities
and handle the administration of the SPVs on behalf of the owner, the Treasury.

In other words,
the federal government is nationalizing large swaths of the financial markets.
The Fed is providing the money to do it.
BlackRock will be doing the trades.

This scheme essentially merges the Fed and Treasury into one organization.
So, meet your new Fed chairman,
Donald J. Trump.

In 2008 when something similar was done, it was on a smaller scale.
Since few understood it,
the Bush and Obama administrations ceded total control of those acronym programs to then-Fed Chairman Ben Bernanke.
He unwound them at the first available opportunity.

But now, 12 years later, we have a much better understanding of how they work.
And we have a president who has made it very clear how displeased he is
that central bankers haven't used their considerable power to force the Dow Jones Industrial Average at least 10,000 points higher,
something he has complained about many times before the pandemic hit.

When the Fed was rightly alarmed by the current dysfunction in the fixed-income markets, they felt they needed to act.
But, to get the authority to stabilize these "private" markets,
central bankers needed the Treasury to agree to nationalize (own) them
so they could provide the funds to do it.

In effect, the Fed is giving the Treasury access to its printing press.
This means that, in the extreme,
the administration would be free to use its control,
not the Fed's control,
of these SPVs to instruct the Fed to print more money
so it could buy securities
and hand out loans
in an effort to ramp financial markets higher going into the election.

Monday, March 30, 2020

“Social Bomb” As Pandemic Sparks Unrest Among Poorest

Yes,
Riots,
Civil war,
Murder, rape, theft, violence,...
SHTF as we have predicted and prepared for.

Why I have been avoiding moving to multicultural Texas that has 4 of the 11 largest cities in the USA.
Which are 1/3 black 1/3 Latino and 1/3 everything else - asian, muslim, and white trash.
Many large population centers in the USA are in trouble.

My default escape plan has been high altitude Wyoming Colorado Rockies Idaho, Montana, or South Dakota Black hills.
Very low population density
The few people there are mostly are white english speakers.

Around here I got milder winters and bigger and better services including medical that may become life saving later in the year.
Rugged self-reliant Amish and hillbilly population base that have been survivalists in this ecosystem since before 1776.

Will know more by the end of the year,
and adjust plans then.
Move into an RV that can escape to safer locations using cheap diesel fossil fuels.
Many hideouts in the country.
Some farmable land may become available at reasonable prices.


From: Lothar

https://www.infowars.com/west-faces-social-bomb-as-pandemic-sparks-unrest-among-poorest/

WEST FACES "SOCIAL BOMB" AS PANDEMIC SPARKS UNREST AMONG POOREST

Big U.S. cities only have 'a few weeks' until social unrest and riots surface,
says Red Cross president

The next phase of the COVID-19 pandemiccould be a flare-up of social unrest across major Western cities as millions have lost their jobs,
economies have crashed into depressions,
and the military is being called up to maintain order.

The Federation of Red Cross and Red Crescent Societies (IFRC)
warned that riots could be imminent in low-income neighborhoods
as extreme wealth inequality has left households unprepared
and without a cash buffer to weather the economic downturn.

As we've noted before, many Western households were already stretched thin before the shutdowns began,
with little savings,
insurmountable debts,
and the lack of access to proper healthcare.

Now, these folks, which many have been laid off from gig-economy and service sector jobs,
have zero income and could be emotionally motivated to hit the streets and protest.

IFRC president Francesco Rocca warned on Friday
that social unrest could be imminent in Italy

"We have a lot of people who are living very marginalized,
in the so-called black hole of society…

"This is a social bomb that can explode at any moment, because they don't have any way to have an income,"
He warned that the largest Western cities have only a 'few weeks' before social unrest is seen.

As for the US, President Trump has been deploying National Guard units across the country to fight the virus,
or a perfect cover to prepare for Martial law-style shutdowns across some areas where the virus is hard-hitting.

President Trump, on Saturday afternoon,
said he is considering a quarantine in the New York, New Jersey, and Connecticut area,
which would likely be enforced by the military to some degree.

We have noted that National Guard armored vehicles have already been spotted across the country
and have suggested that troops are being positioned around major US metros
to maintain order if social unrest was seen in low-income neighborhoods.

The Western world is on the brink of turmoil.

The dominos are already falling with crashing economies in Europe and the US, triggering massive job losses

that could soon lead to the unraveling of social fabric.

Governments offering universal basic income as a solution to keep their citizens content won't work this time.

The West is headed for a period of instability,
not just economically, but socially.

And now it all makes sense why Americans are rushing to gun stores…

Riots, Martial Law, Press Uses Virus Against Trump

Democrats drowning in their own filth.
Martial Law needed.
Close interstate freeways.
Close state borders.


CNN is notorious in Florida for fake news when it comes to hurricanes. 

They try to exaggerate everything just to get people to watch. 

They had people fearing for their lives paying $7,000 for air tickets to leave the state in sheer panic. 

CNN claimed there would be a wall of water 10ft high. 
was at best 8 inches. 

 deliberately scaring the public to the point that 1/3 of Americans already believe they are infected because of the normal flu and are in fear of their lives.

hype the media has caused 
is unprecedented in history. 

 highlighting that police are infected 
so that makes people now even fearful of the police.

They are breaking down society and 

it is well known that the veneer of civilization vanishes starting after 7 days. 

In two more weeks, we are likely to see riots in certain areas as well as looting.



Sunday, March 29, 2020

5G Wuhan China virus Vaccination Extermination

Yes,
5G electronics, vaccination, addiction, big pharma, junk food establishment,...
Only the latest in a long history of Extermination Enrichment schemes.
Until they own everything but nothing worth having.

All the world's a stage,
And all the men and women merely players;
They have their exits and their entrances;
— Shakespeare. As You Like It


From Greg:

Wuhan coronavirus outbreak and the accelerated 5G roll-out which took place in Hubei Province during 2019.

By the way, why was that deployment of 5G in Wuhan so speeded up just before the coronavirus outbreak the December?

"China was long ago set to be the 5G showcase for the world.
Major metro areas and technology hubs like Wuhan were
selected to be official 5G Demonstration Zones.

Only such a high concentration of 5G radio-frequency transmitters and microwave towers would permit a citywide build-out of the Internet of Things.

2019 was the year Wuhan, the capital of Hubei, was "expected to have 10,000 5G base stations by the end of 2019,

Then the coronavirus hit, so the whole world was told.

What really happened was that a new variant of the coronavirus was released in Wuhan

after the 5G experimenters saw an epidemic of 5G Syndrome explode.

The 5G guinea pigs were literally dropping like flies as soon as they flipped the 5G switch.

The ERs and urgent care clinics were overwhelmed.

The 5G scientists watching the burgeoning public health crisis immediately activated Plan B:

Blame it on a virulent flu —a bioengineered coronavirus that produces symptoms similar to 5G Syndrome."

QUATERNARY WEAPON SYSTEM Activated Before Each Coronavirus Cluster Explosion
| SOTN: Alternative News, Analysis & Commentary

Vultures circling debt. Cash is king. Rich getting Richer.

From: "JOHN
Serious developments discussed.
It's a good thing you-all stocked up on everything.
Ammo will be very important when the SHTF.

John

From: Ron
Good post.
Couple points.

Ford Motor Company is operating with approx. $40 billion in outstanding debt.

The oil shale industry depends on $100. a barrel oil.

Per a Bill Holter interview about two months ago
Texas drillers continue drilling at high rate and selling at a loss.

A zombie industry continueing to go through the motions.

Utilities have cash flow for now but I understand for example LA mayor Garcetti will be shutting power down to businesses that dont close.

In general if shelter in place remains businesses will not be buying power and or not paying power bills.

PG and E in California after bankruptcy is in dire need of complete infrastructure.

rebuilding and in agreement with the state of California intends to pass the rebuilding costs on to Calif. power users.

Power users under unprecedented financial stress.

Ron

joe wrote:

Crashes have a predictable boom/bust pattern.
Bubbles will burst.
Booms help the rich get richer.
Busts help the rich get richer.

Rich 1% have lots of money, especially after years of stock market booming
they got capital gains and commissions from buying and selling stocks, bonds,...

Rich 1% have sold off most of their stocks to idiot doctors and workers 401Ks and pension funds CalPers idiot portfolio managers.

Rich 1% got rich from "corporate finance" fees allowing businesses to borrow and invest into
more and more cruises, casinos, airplanes, hotels, movies,… that spread germs and make people sick.

Eventually something will happen "black swan event" that will cause a crash,
Deep in debt companies and people's debts will not be payable,
and businesses that over-borrowed will be nearly defunct.

Their bonds and loans will be sell for pennies on the dollar as everybody except the rich lack money and frightened.

Rich 1% buy that debt for pennies on the dollar.
Then Rich 1% Shylocks use the court system to attack borrowers for year after year until they extract all the dollars they can from the poor borrowers.
Poor borrowers pay the taxes to keep the court system running to attack those poor borrowers.

Pattern established in all previous crashes,
for example I got out of the market well before the 1987 bubble crash.
Other big bubbles, tech 1990s crashed in 1999-2000,
then 2001 9/11 crash
2008 mortgage derivatives crash
Now Covid coronavirus crash.

You never know when the crash will happen or why.
But it is easy to sense when you are in a boom or a bust.
And easy to see who is getting rich off the boom/bust cycle.

Lots of news stories:

-------------

The amount of distressed debt in the U.S. has quadrupled in less than a week to nearly $1 trillion,
reaching levels not seen since 2008
as the collapse of oil prices and fallout from the coronavirus shutters entire industries across the globe.

In total, the tally has ballooned to $934 billion of U.S. corporate bonds that yield at least 10 percentage points above Treasuries and loans that trade for less than 80 cents on the dollar,

That's nearly double the amount from less than a week ago.

The total is probably even higher,
because the calculation excludes debt of small-to-medium sized companies whose loans trade rarely, if at all.

The coronavirus pandemic has caused the worst sell-off since the global financial crisis and deepened stress in credit markets.

Driven by some of the lowest oil prices since the early 2000s,
the amount of distressed bonds has surged to the highest level since April 2009.

"What we are seeing now is fast and violent,"
unlike the gradual sell-off in the 2007 and 2008 crisis

If the virus isn't suppressed, even more distress is possible,
"The worst is yet to come,"

Distressed debt describes the borrowings of companies that are perceived to be under significant financial pressure,
and often suggests there's considerable risk that
the debtholders won't get paid everything they're owed.

As a global recession looms and businesses remain under forced closures,
more issuers are likely to end up in similarly dire situations.

The Trump administration struck a deal overnight on a rescue package worth about $2 trillion in spending
and tax breaks to bolster the U.S. economy
and fund a nationwide effort to stem the coronavirus.

The size of the stimulus package would be historic,
dwarfing the approximately $800 billion Obama stimulus that passed five months after the 2008 financial crash.

The fiscal lifeline may not be enough if the government can't also combat the global health crisis,
"Unless the pandemic is controlled,
consumers and businesses will look to save the money they're given and spend it only on necessities,"

Most of the distressed debt outstanding stems from U.S. energy companies battered by less travel demand
and an all-out price war between Saudi Arabia and Russia.
The capital-intensive industry, which financed its shale production largely through debt,
suddenly faces the prospect of deeper losses
after oil plunged below $20 a barrel.
Last month, it traded above $50.

The amount of distressed debt tied to the oil and gas sector stands at over $161 billion, up from $128 billion a week ago.

One of the biggest casualties has been Occidental Petroleum Corp.,
which has seen its funding costs skyrocket and its credit rating cut
to make it the biggest fallen angel in the current downgrade cycle.

Energy isn't alone.
Every sector except utilities is under stress, with distressed ratios growing by double or triple digits.
Telecommunications, retail, entertainment and healthcare industries make up the bulk of distressed debt.

Retailers such as Neiman Marcus Group Inc.
and theater chains such as AMC Entertainment Holdings Inc.
have been hit hard as companies are forced to close and customers are told to stay home.

Distress in the automotive industry also jumped as consumers decide to cancel travel and stay put.
Even investment-grade giants are at risk.

Ford Motor Co. now makes up one of the largest issuers with debt tumbling to distressed levels,
with a dozen issues hovering near or below 75 cents on the dollar.

Debt Turmoil

U.S. junk bonds entered distressed territory for the first time since the global financial crisis after spreads on the securities topped 1,000 basis points at the end of last week.
The index move marks a period of turmoil in the credit markets as investors flee funds that buy all types of corporate debt.

High-Grade Bond-Fund Outflows Hit $35.6 Billion,
Smashing Record

Investors with an eye on troubled assets
have been waiting for a surge in distress
after years of easy lending and low interest rates made potential targets scarce.

Apollo Global Management Inc., one of the largest and most aggressive investors in the credit market,
is tracking more than 250 potential opportunities to scoop up distressed assets,
Bloomberg reported.

Oaktree Capital Management LLC, led by Howard Marks,
is planning a new distressed-debt fund.

The dislocation of valuations in the leisure and travel sector has presented an opportunity that arises only once every 12 or even 50 years,
according to Apollo partner

"We're very excited about it," he told limited partners on Tuesday during a private briefing.

Mark Meckler Show: The Economics Of The Virus. With Guest Dr. Charles Steele

From: John

Knowledgeable economist explaining the current catastrophe in a long interview.

Worth your time.

Mark talks with Charles Steele about how the virus has changed the dynamics of the economy,

the distortions of the marketplace,

and whether stores should be able to charge whatever they want for goods in a crisis.

Dr. Charles N. Steele holds the Herman and Suzanne Dettwiler Chair in Economics at Hillsdale College,

and regularly teaches the "Austrian Economics" class,

as well as "History of Economic Thought."


John


https://podcasts.apple.com/us/podcast/the-economics-of-the-virus-with-guest-dr-charles-steele/id1495560239?i=1000469762765

Gerald Celente – Gold in Greatest Depression Will Be Stolen

:

From: Ron

Thanks Lothar.

One of Celente's better interviews.

Basically all public and private debt will be monetized or bought up with newly created money.

The ultimate effect of a snail eating his own tail.

Confidence is then lost in the issuing governments and then systemic collapse along with currencies.

Imo physical cash (reserve dollar only) as I have often stated is the best current investment
IF one has all necessary tangibles for existence.

Maybe gold but gold as a later store of wealth.

Problem with precious metals is millenials and GenXers dont acknowledge the historic value of precious metals.

Additionally silver unlike gold has primarily industrial demand.

In a deflationary environment silver may not perform as well as gold.

There is that famous Mark Dice video where he interviews college students and gives them a choice of a silver bar or a candy bar.

All chose the candy bar.

Whether that is testimony to the fading value of precious metals or the ignorance of the latest generations is an open issue.

Prior to C19 guns and ammo were a bargain with a strong dollar.

I still believe both to be excellent tangible investments
(if one can find them)

in the gathering "Perfect Storm."

Just my take,

Ron


Lothar \

https://youtu.be/Te3FcBTmM7E

Pandemic Usher in a New Era? – Patrick J. Buchanan

Trump should go further, turn the tables,
and seize this crisis to do what he was elected to do
— impose a new foreign policy.

To fight the coronavirus at home,
France is removing all military forces from Iraq.

When NATO scaled back its war games in Europe because of the pandemic,
Russia reciprocated.

Moscow announced it would cancel its war games along NATO's border.

Nations seem to be recognizing and responding to the grim new geostrategic reality of March 2020:

The pandemic is the real enemy of us all, and while we fight it, each in his own national corner, we are in this together.

House Majority Whip Rep. James Clyburn,
who called the coronavirus crisis "a tremendous opportunity to restructure things to fit our vision."

What Clyburn had in mind is what Democrats advanced as their alternative to the $2.2 trillion emergency bill.

It was designed to force President Trump either to swallow it whole or to take responsibility for vetoing a critical transfusion of federal funds to keep the economy alive.

Among the items stuffed in the Democrats' proposal:

A $15-an-hour minimum wage imposed on companies receiving funds.
Blanket loan forgiveness of $10,000 for students.

New tax credits for solar and wind energy.
Full funding of Planned Parenthood.
Federal dollars for fetal tissue research.

$300 million for PBS, which has been promoting the LBGT agenda to school kids.

Mandating "diversity" on corporate boards as a condition of companies receiving funds.

Election "reforms" to increase

Democratic turnout.

Insistence that airlines, to get a bailout, offset carbon emissions from jet engines.

$35 million for the Kennedy Center.

(Money laundering purposes?)

Majority Leader Mitch McConnell and congressional Republicans ash-canned almost the leftist wish list.

But Trump should go further, turn the tables, and seize this crisis to do what he was elected to do
— impose a new foreign policy.

Isolate America,
not from the world, but from the world's wars.

Fed's Cure Risks Being Worse Than the Disease - Trump Socialism, Mal investment

Trump and the Fed are big players.

The Fed is taking over the whole economy.
Banks are bankrupt
Banks have given out loans that cannot be repaid by
bankrupt companies,
bankrupt people,
bankrupt governments,
and bankrupt foreigners.

The Fed is "lender of last resort" as stated in all textbooks.
So the Fed will buy up those loans with printed money and un-printed money electronic accounts.

Bankrupt entities will get trillions.
You may get $1200 if you are lucky.
May have to get more to prevent riots.

All because of a virus that forces social distancing so much less communicable diseases than normal,
and many more babies being born,
and families learning to cook again, sleep more, take care of their own children,…
Blessing in disguise? as I said in 1974 OPEC oil embargo gas lines, no gas.

Obama Bernanke proved that rich 1% banker rulers can get trillion $$$ bailouts
and the sheeple will not protest much or even know what is going on,
if you give the sheeple $10 minimum wage jobs ($20 or $30 if you got a degree)
to pay interest on large growing debts
and buy phones, TV, games, wine, song, drugs,…

Wait to see if
house arrest
constant electronic disinformation
will force sheeple to gladly accept their new rulers rich 1% elites.
Welcome to the new world order.

Trump fighting to keep Hotels, Casinos, Airplanes burning fossil fuels,
to spread disease, multiculturalism, globalism, conspiracies among rich 1% elites around the world…
When they should stop operating.

"A backdoor to socialism"
as I called the 2009 Obama bailout of GM auto industry Government Motors fossil fuel global warming, etc. etc.
Capitalism is designed to let bankrupt ideas go bankrupt,
whereas socialism and communism allow rich corrupt politically connected to keep operating and get richer
while the economy and sheeple suffer.
Will the sheeple just sit there and take it?

--------

From: Lothar

https://finance.yahoo.com/news/feds-cure-risks-being-worse-110052807.html

whether the cure of an economic shutdown is worse than the virus.

we need to ask if the cure is worse than the disease seizing financial markets
of the Federal Reserve getting so deeply into
corporate bonds,
asset-backed securities,
commercial paper, and
exchange-traded funds.

the Fed has cut rates by 150 basis points to near zero and run through its entire 2008 crisis handbook.

That wasn't enough to calm markets, though
— so the central bank also announced
$1 trillion a day in repurchase agreements and
unlimited quantitative easing,
which includes a hard-to-understand $625 billion of bond buying a week going forward.

But it's the alphabet soup of new programs that deserve special consideration,
as they could have profound long-term consequences for the functioning of the Fed
and the allocation of capital in financial markets.

Specifically, these are:

CPFF (Commercial Paper Funding Facility) – buying commercial paper from the issuer.

PMCCF (Primary Market Corporate Credit Facility) – buying corporate bonds from the issuer.

TALF (Term Asset-Backed Securities Loan Facility) – funding backstop for asset-backed securities.

SMCCF (Secondary Market Corporate Credit Facility) – buying corporate bonds and bond ETFs in the secondary market.

MSBLP (Main Street Business Lending Program) – Details are to come, but it will lend to eligible small and medium-size businesses, complementing efforts by the Small Business Association.

An argument can be made that can also include municipal securities, but nothing in the laundry list above.

So how can they do this? The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations.

In essence, the Treasury, not the Fed, is buying all these securities and backstopping of loans;
the Fed is acting as banker and providing financing.

In other words,
the federal government is nationalizing large swaths of the financial markets.
The Fed is providing the money to do it.

This scheme essentially merges the Fed and Treasury into one organization.
So, meet your new Fed chairman,
Donald J. Trump.

COVID-19 death toll estimates may be 'orders of magnitude' too high

Stanford medical professors: COVID-19 death toll estimates may be 'orders of magnitude' too high

They believe the projections are 'deeply flawed'

https://www.theblaze.com/news/stanford_coronavirus_too_high_death

There is an agenda going into the Nov. elections. C19 is cover.

Ron


public health experts from Stanford,
Drs. Eran Bendavid
and Jay Bhattacharya,

current estimates about the coronavirus' fatality rate may be too high by "orders of magnitude."

According to Bendavid and Bhattacharya, both of whom are medical doctors,

public policy experts should focus their measures on protecting the elderly and expanding medical capacity.

"Hospital resources will need to be reallocated to care for the critically ill patients.

Triage will need to improve.

And policy makers will need to focus on reducing risks for older adults and people with underlying medical conditions."

The pair conclude that if their estimates are right, then the universal quarantine measures

"may not be worth the costs it imposes on the economy, community, and individual mental and physical health."

"We should undertake immediate steps to evaluate the empirical basis of the current lockdowns,"

— and projections of the death toll could plausibly be orders of magnitude too high."

Saturday, March 28, 2020

CDC corrupt incompetent casting couch idiots

https://www.propublica.org/article/internal-emails-show-how-chaos-at-the-cdc-slowed-the-early-response-to-coronavirus

The agency was struggling with one of its most important duties:
keeping track of Americans suspected of having the novel coronavirus.

It had "an ongoing issue" with organizing
— and sometimes flat-out losing
— forms sent by local agencies about people thought to be infected.

The email listed job postings for people who could track or retrieve this paperwork.

"Help needed urgently," the CDC wrote.

The documents — mostly emails — provide a behind-the-scenes peek
into the messy early stages of the U.S. response to the coronavirus,

revealing an antiquated public health system trying to adapt on the fly.

What comes through clearly is confusion,
as the CDC underestimated the threat from the virus and
stumbled in communicating to local public health officials what should be done.


"There seems to be a communications blackout on this end,"
the program manager wrote,

"Unfortunately, there is no clear answer to your questions,"

responded a CDC staffer, apologizing for the lack of information.

"Thank you," the Nevada program manager replied. "It's good to be confused together."

Friday, March 27, 2020

Virus Map that Has Scared the World? Federally Funded John Hopkins University

Trump is right to open healthy parts of the economy.
Sanctuary Ghettos will continue to infect themselves in their own filth as Hitler said.
Read the statistics to see where are the infections.

Start with the big picture:
The China virus is a tiny blip.
Will not slow the rapid growth in world population.
Will trigger a huge baby boom destroy planet earth.
Electronic Sodom and Gomorrah instead of 1492 healthy environment Native American ecosystem.

24,000 deaths from COVID-19 China Virus so far.

57,000,000 people died from all causes.
141,000,000 people were born
So the world population increased by
84,000,000 in 2015

In 1900 there were
2,000,000,000 people on the planet; today there are
7,700,000,000

https://www.worldometers.info/world-population/

Johns Hopkins is a top 5 Medical college by funding from the National Institutes of Health.
Rich Deep State University a few miles from Washington DC.
Follow the money.

https://www.usnews.com/best-graduate-schools/top-medical-schools/most-research-money-rankings

From Ron:

who is behind the John Hopkins University map?
Is there a political connection?
clearly warrants investigation.
The people behind this graphic should be hauled into the Senate under subpoena.

What they have done with a misleading graphic is virtually overthrowing all human rights
and every principle of liberty that so many generations have fought for and died.

My family fought in every war since the American Revolution.

Germany has been talking about declaring Emergency Powers for one year.

We have others claiming the virus will last 18 months to clearly impact the 2020 elections.

The threats to our liberty are far worse than an invasion by China or Russia for that matter.

The red dots of John Hopkins University are outright propaganda
and deliberately misleading in my belief.

They are not current but historical.

They do not disappear with the virus subsiding.

Look at China – they make it seem as if the entire country were infected.

They are deliberately misleading
and make it appear as if whole countries are infected
to support stay at home and martial law.

This is propaganda on a grand scale that I have never witnessed in my 50 years of experience!

John Hopkins University has been promoting the collapse of democracy,
justifying the suppression of all freedom and civil liberties.

We have governments declaring emergency powers
to end democratic processes thanks to this misleading graphic.


https://www.armstrongeconomics.com/international-news/disease/is-bloomberg-behind-the-john-hopkins-university-virus-map-that-has-scared-the-world/

Thursday, March 26, 2020

China Virus hoax, martial law, lockdown agenda,:

Go to zoom.us and get a free video conferencing account.
Just talk over the internet instead of meeting in person.

Demand Free fiber optic home internet $30 per month
is much cheaper than $1000 per month Trump-care,
or liberal democrat guaranteed income.

School shootings not a problem in home schools.
End taxpayer funded school liberal indoctrination disinformation system.
Give parents money to educate their children at home while under house arrest.
Give parents free shotguns to defend their home, fire cops, save tax money.

Wuhan China corona virus is just another flu, but nobody has immunity to it yet, so you will get it.
The weakest will get the sickest, the strongest will barely notice it.
Fewer deaths in 2020 due to social distancing and less travel, spread of other diseases.

Pandemic scare is a test of electronic control system.
House arrest as a way of life.
Gullible sheeple educated by electronic disinformation fake STEM.
Cannot do simple statistics.
Brain fried by electronic, sugar, drug… addiction.

Why did they close the barn door after the horse escaped.
Novel virus means ground all airplanes as after 9/11.
Close all borders immediately.
Allow travel after testing and quarantine of the infected.
Pandemic would never happen.
Over in days.

Turn off electronics ignore fake news,
Write a library quality book with pages that lie flat and do not fall out even after hundreds of years of reading:
http://www.bookfactory.com/Smyth-sewn-books.html#ans2

Joe

--------

Ron

Trump hijacked the CV hoax for his own purposes …

to minimize targets for Progressives' staged shootings at churches, schools, sporting events, malls, etc.

WHILE executing military/ LEO plans to arrest Deep State scumbags in Europe ( including UK ) and the USA ( especially in D.C. ).

There will most likely be an injection of Trillions of $ into the economy after the Scumbag Arrest Phase which Trump says may be over by Easter.

I hope you watch the comprehensive D Wilcock video I sent as well as the three J. Willie/ Wm Mount videos.

Greg

, Ron wrote:

Thanks Gregory.

Excellent summary by a retired CIA analyst that at this point I agree with.

80% false positives.

All but about 2% had existing physical conditions.

The saddest part are supposedly educated persons that I know including retired school teachers and a retired principal hang on every word from the TV.

Bleaching down their closets.

Sitting in their living room wearing an N95 mask.

Any other news sources are "conspiracy."

It is my belief the real target by the Deep State and Progressives is a takedown of the Trump economy.

Notice the difference in the way the "pandemic" is handled in blue jurisdictions such as California and New York.

Fighting individual bailouts in Congress while insisting persons shelter in place indefinitely.

Perfect one two punch to start a slow rolling LA riot across the nation especially in big blue urban zones.

I believe chaos leading up to the November election is the goal of the Left.

Under the Kilgali Principle the UN reserves the right to send troops into a nation without permission of the federal gov.

On at least two occasions Leftist leaders in the US have expressed a desire for UN troops to intervene for domestic violence.

The Progressive Portland Police Chief and a Democratic Chicago alderman both called for UN troops despite the availability of National Guard.

A federalized national guard remains under the control President Trump.

UN are under the control the UN security Council.

A globalist body.

If I am correct watch as the virus scare per se is superseded by fears of violence and economic collapse.

For now am going to go find a good Western movie to watch.

Just my take,

Ron

On Wed, Mar 25, 2020, 2:08 AM Greg

(519) Former Spy Tells President Trump Truth in Nine Minutes -- Fake Pandemic, 5G Triggers, Purge Needed - YouTube

Crisis Power Grab.: They’ll only stop if we make them

Yes,
Huge problem.

From: Lothar
>
> "This is a tremendous opportunity to restructure things
> to fit our vision."
>
> — James Clyburn (D-SC),
> House Majority Whip
>
> Lothar,
>
> My concern is growing by the day over the toll the reaction to the coronavirus is taking on our country, our prosperity, and our liberties.
>
> Just look at a few of the recent headlines:
>
> "If government can curb our rights to fight a virus, then why not to fight gun violence?"
>
> "DOJ seeks new emergency powers amid coronavirus pandemic!"
>
> "Google, Facebook, and other tech companies are reportedly in talks with the US government to use your location data to stop the coronavirus"
>
> Lothar, these are HUGE infringements on our liberties.
>
> But the statists and their pals in the national media elite, brush those concerns aside and scream MORE . . . MORE . . . MORE!
>
> Well, I'm screaming "ENOUGH!"
>
> But there's only one thing that will make the politicians in power listen. . .
>
> A surge of liberty-loving Americans standing alongside me to DEMAND they stop.
>
> That's why I'm counting each of you to sign your emergency END THE POWERGRABS petition right away.
>
> Lothar, I know a lot of folks are really worried about the coronavirus right now.
>
> And that's understandable. My son, Senator Rand Paul, has it and is currently quarantined.
>
> But America will not last long if we don't stand up to those who would attack our freedoms.
>
> You and I simply cannot let the statists' demands for massive expansions of power go unchallenged.
>
> They may tell us it's all about "keeping us safe" and that everything will return to normal once the coronavirus outbreak is under control.
>
> But you and I know better.
>
> Never mind the unbridled and BLANTANTLY UNCONSTITUTIONAL powers they're racing to claim, including:
>
> >>> Bans on firearm and ammunition sales, hindering law-abiding Americans' ability to protect their loved ones and property, right when they may be needed most.
>
> >>> Unfettered Federal Reserve power, allowing them to reach into taxpayers' pockets and hand bailouts to their pals in the global financial elite.
>
> >>> Price Controls and takeover of industrial production. It's a testament to American ingenuity and industry . . . businesses that can are shifting their business models to help combat the coronavirus.
>
> But instead of praising that, the central planners ratchet up demands for price controls and more government control over production.
>
> Meanwhile, governors in state after state demand businesses close, shutter schools, restrict travel, even suspend elections, and effectively prohibit religious gatherings.
>
> What freedoms won't they take from us under so-called "emergency powers?"
>
> What liberties will they not crush?
>
> The truth is, the Big Government statists are going all-out to use this crisis to consolidate more power and more perks for themselves and their well-connected cronies.
>
> Proposals have included everything from goodies for union bosses,

> to massive Green New Deal-style regulations,

> to even resurrection of the "Obamaphone" program

> -- coronavirus legislation looks like the best Christmas ever for the social welfare crowd.
>
> Meanwhile, you and me lose more of our liberties and it gets harder and harder for everyday Americans to provide for ourselves and our families.
>
> That's why I'm counting on every Campaign for Liberty supporter to sign the emergency

> END THE POWERGRABS

> petition I've prepared for you right away.
>
> We've got to make it 100% clear, coronavirus DOES NOT give them license to trample our liberties with these unvarnished power grabs.
>
>

Pompeo’s focus on blaming China for coronavirus DERAILS joint G-7 statement

Good!

the other G-7 leaders did not see eye to eye with Pompeo on naming the virus after Wuhan
– the Chinese city where it was first detected
– insisting on the more diplomatic term "Covid-19" adopted by the World Health Organization.

Der Spiegel lamented that the coronavirus is
"destroying the last remnants of the existing world order,"

noting the "great frustration" in Berlin and Paris over Washington's unilateralism.

The draft of the joint statement proposed by the US also blamed China, Russia and Iran
for "the deliberate propagation of false narratives"
about the coronavirus,

Pompeo's focus on blaming China for coronavirus derails joint G-7 statement

https://www.rt.com/usa/484115-pompeo-g7-china-coronavirus/

Vultures circling debt. Cash is king. Rich getting Richer.

Crashes have a predictable boom/bust pattern.
Bubbles will burst.
Booms help the rich get richer.
Busts help the rich get richer.

Rich 1% have lots of money, especially after years of stock market booming
they got capital gains and commissions from buying and selling stocks, bonds,...

Rich 1% have sold off most of their stocks to idiot doctors and workers 401Ks and pension funds CalPers idiot portfolio managers.

Rich 1% got rich from "corporate finance" fees allowing businesses to borrow and invest into
more and more cruises, casinos, airplanes, hotels, movies,… that spread germs and make people sick.

Eventually something will happen "black swan event" that will cause a crash,
Deep in debt companies and people's debts will not be payable,
and businesses that over-borrowed will be nearly defunct.

Their bonds and loans will be sell for pennies on the dollar as everybody except the rich lack money and frightened.

Rich 1% buy that debt for pennies on the dollar.
Then Rich 1% Shylocks use the court system to attack borrowers for year after year until they extract all the dollars they can from the poor borrowers.
Poor borrowers pay the taxes to keep the court system running to attack those poor borrowers.

Pattern established in all previous crashes,
for example I got out of the market well before the 1987 bubble crash.
Other big bubbles, tech 1990s crashed in 1999-2000,
then 2001 9/11 crash
2008 mortgage derivatives crash
Now Covid coronavirus crash.

You never know when the crash will happen or why.
But it is easy to sense when you are in a boom or a bust.
And easy to see who is getting rich off the boom/bust cycle.

Lots of news stories:

-------------

The amount of distressed debt in the U.S. has quadrupled in less than a week to nearly $1 trillion,
reaching levels not seen since 2008
as the collapse of oil prices and fallout from the coronavirus shutters entire industries across the globe.

The total is probably even higher,
because the calculation excludes debt of small-to-medium sized companies whose loans trade rarely, if at all.

The coronavirus pandemic has caused the worst sell-off since the global financial crisis and deepened stress in credit markets.

Driven by some of the lowest oil prices since the early 2000s,
the amount of distressed bonds has surged to the highest level since April 2009.

"What we are seeing now is fast and violent,"
unlike the gradual sell-off in the 2007 and 2008 crisis

If the virus isn't suppressed, even more distress is possible,
"The worst is yet to come,"

Distressed debt describes the borrowings of companies that are perceived to be under significant financial pressure,
and often suggests there's considerable risk that
the debtholders won't get paid everything they're owed.

As a global recession looms and businesses remain under forced closures,
more issuers are likely to end up in similarly dire situations.

Wednesday, March 25, 2020

Drug big Pharma "campaign contributions" in America are the same as "bribery" in Mexico

Yes.
Learn about drugs.
Go to Berkeley UCSF #1 Chemistry, Biochem, pharmacy, drug universities in the world.
Including my ex-wife and most females I knew.
I would have been a chemistry major but my mother wanted me to be a lawyer so I got lost in social sciences and people I do not like.
Lived around chemists, drugs, most of my life, everybody I know, almost.
Even lived in #1 marijuana grow area,
and now #1 meth opioid and addict area, still.
Addiction rate 100% of those under age 30 in rural areas around here.
Many books, classes, seminars locally on the problem.

Mexican illegals do the work that negroes and white trash addicts cannot do due to addiction.
Some of this goes back 100 years moonshine whiskey,
country and western music,
NASCAR invented to speed away from cops,
Indianapolis 500,
Missouri, Arkansas Ozark forests where I live now many of my relatives died high speed crashes.
Appalachians Virginia Carolina before that.
Northeast England, Scotland, and Northern Ireland before that.
Alt-right culture for 2000 years.
Fought the Roman empire
Romans had to build Hadrian's Wall to prevent us from pushing them out of their colony in London England
as shown in the movie "the eagle."

All pharma companies should be nationalized.
All prescription drugs should be free to patients.
All drugs grown / made organically in the USA.
All drug worker salaries set on the high school teacher pay scale.
Ban all advertising of drugs.
Ban all movies valorizing drugs, sex, violence, fossil fuels,…
Ban all fiction in general.

From: Lothar

> From: Greg
> Subject: "campaign contributions" in America are the same as "bribery" in Mexico

FDA medical adviser:
'Congress is owned by pharma'

https://finance.yahoo.com/news/congress-big-pharma-money-123757664.html

Pharmaceutical companies are under the spotlight with congressional hearings on the cost of drug prices and allegations of the industry's role in the opioid crisis.

Dr. Raeford Brown, a pediatric anesthesia specialist …
and chair of the Food and Drug Administration (FDA) Committee on Analgesics and Anesthetics,
has been openly critical of big pharma and the lack of proper oversight from the FDA.

Despite many politicians, particularly declared presidential candidates, beginning to speak out against big pharma,

Brown does not think that anything will come out of it "because Congress is owned by pharma."
"The pharmaceutical industry pours millions of dollars into the legislative branch every single year," he [said].

"In 2016, they put $100 million into the elections.

That's a ton of money."

OpenSecrets, a website operated by the nonpartisan Center for Responsive Politics, tracks money in U.S. politics.

It ranked the top 20 members of the House and the Senate that have received the most campaign contributions from the pharmaceutical and health products industry. Kevin McCarthy, now the

House minority leader after midterms, received ... a total of $380,350 in campaign contributions,
with a large sum coming from pharma companies.

"Congress is supposed to have oversight for the FDA," Brown said.

"If the FDA isn't going to hold pharma accountable, and Congress is getting paid to not hold pharma accountable, then it really doesn't matter who the president is because it's really about Congress."

Note: Learn more on how big Pharma controls politicians in this very well researched video.

For more along these lines, see concise summaries of deeply revealing news articles on government corruption and Big Pharma profiteering from reliable major media sources.

Pharmaceuticals and healthcare

• Arie S. Belldegrun (1949–), Israeli-American (co-)founder of Kite Pharma and biotechnology companies Agensys, Allogene Therapeutics[57]

• Howard Birndorf (1950–), co-founder of biotechnology companies Hybritech, Inc., Gen-Probe(merged with Hologic) and IDEC Pharmaceuticals (merged with Biogen)[58][59]

• Phillip Frost (1936–), entrepreneur, chairman and CEO of OPKO Health, former Vice chairman of Teva[60]

• Alex Grass (1927–2009), founder of the Rite Aid Corporation[61]

• Bennett Greenspan (1952–), co-founder of gene testing company Gene by Gene, Ltd. (Family Tree DNA)[62][63]

• Rachel Haurwitz (1985–), co-founder of gene editing company Caribou Biosciences[64]

• Joel Landau, co-founder of nursing home operator company The Allure Group and healthcare services company AlphaCare[65]

• Jeremy Levin (1954–), South African-born chairman of Ovid Therapeutics Inc., former CEO of Teva[66]

• Arthur D. Levinson (1950–), CEO of biotechnology company Calico, former chairman of Genentech[67]

• Al Mann (1925–2016), founder of biotechnology companies Pacesetter Systems and the MannKind Corporation[68]

• Stewart Rahr (1946–), founder of Kinray Inc.[69][70]

• Shlomo Rechnitz (1971–), health care magnate, co-founder of TwinMed LLC[71]

• Richard Roberts (1957–), former owner of URL Pharma (acquired by the Takeda Pharmaceutical Company in 2012)[72]

• Martine Rothblatt (1954–), founder of biotechnology company United Therapeutics, co-founder of Sirius Satellite Radio[73][74]

• Mortimer (1916–2010) and Raymond Sackler (1920–2017), former owners of Purdue Pharma(known for OxyContin); members of the Sackler family[75]

• Leonard Schleifer (1953–), founder of biotechnology company Regeneron Pharmaceuticals[76][77]

• Daniel E. Straus (1956–), founder of CareOne LLC and minority owner of NBA's Memphis Grizzlies[78]

• Samuel D. Waksal (1947–), French-born founder of ImClone Systems, Kadmon Corporation[79][80][81]

• Herbert Wertheim (1939–), founder of eye care products manufacturing company Brain Power Incorporated (BPI)[82][83]

• Ron Zwanziger (1954–), Israeli-American founder of diagnostic testing devices manufacturing company Alere, Inc.[84]

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

SHTF food supply, essentials, stay at home order


Plants will continue to grow.
Farms will continue to operate.
You will continue to eat as long as trucks, banks, grocery stores, and farms continue to operate.
Homebound sheeple may get fatter and sicker from even more over-eating, under-exercising.
So far water, electricity, internet, phones continue to operate.
I got a stack of books and work to do, 
and permission from the government for outdoor exercise, and shopping for essentials.

Arab, Persian, and Negro countries not so lucky,
 interesting map below.
UK, Germany, Japan, Norway, Mexico, China, India, Venezuela also dependent. 

USA the most dominant in all areas like military, energy,,,
In the realm of food, The USA remains at the top, unchallenged.
USA has the position of being the largest producer and exporter of food.
Some of the richest oil-exporting nations, are beginning to have food shortages 
More dependent on imported food from the United States, giving it more and more power.
USA frequently uses its economic power in order to punish other countries by holding back on exporting food. 

Countries Without Sufficient Food Supply

1 Afghanistan
2 Burkina Faso
3 Burundi
4 Cameroon
5 Central African Republic
6 Chad
7 Democratic Republic of the Congo
8 Djibouti
9 Eritrea
10 Ethiopia
11 Guinea
12 Iraq 
13 Kenya
14 Lesotho
15 Liberia
16 Madagascar
17 Malawi
18 Mali
19 Mauritania
20 Mozambique
21 Myanmar
22 Nepal 
23 Niger
24 North Korea
25 Republic of the Congo
26 Sierra Leone
27 Somalia
28 South Sudan
29 Sudan
30 Swaziland
31 Syria
32 Uganda
33 Yemen
34 Zimbabwe




SHTF. Hawaii Survivalism, Las Vegas starvation

I wrote this a couple of months ago:

Stock up, SHTF virus is coming, you have lots of warning.
Supply chains vulnerable, so much comes from China or countries run by China.

Politicians are idiots, should have stopped the corona virus already.
Now it is all over and will not go away, here forever.
Wuhan virus,
China virus,
Covid19, by any name this
Corona virus is worse than flu or cold virus
that kills more than guns and cars.

Las Vegas imports 100% of its food.
Hawaii imports 90%.
But the big Island is a food, marijuana exporter.
You could probably survive on the big island ok or some of the others, Maui, Kaui,...
But Oahu is too urban, imports 99%.

Kansas, Nebraska, Dakotas export 99% of vast quantities of food.
Much of the midwest is over 90% even with very large cities, Chicago, Detroit, Minneapolis.
Texas is the 2nd most important agriculture state: beef, cotton, etc.

Hawaii tourist trap, most tourists from Asia,
vulnerable to Corona virus, MERS, SARS, and other zoonotic diseases from animals.
China the worlds largest consumer of pork, cats, bats, scorpions,….
Live high off the hog.

http://www.takepart.com/article/2015/06/29/hawaii-local-food

Food Independence Could Be a Matter of
Survival for the U.S.' Most Isolated State

Hawaii imports 90 percent of what it eats at great environmental cost.
Now ag activists seek to make 'grown here, not flown here' a reality.

I was one of 30,843 people to arrive in Hawaii on a June day.
As a crush of tourists mobbed rental car counters and taxi stands,
massive container ships steamed into the Port of Honolulu just across the harbor,
carrying some of the 6 million pounds of food shipped to Hawaii every day to feed the state's 1.4 million residents and 8 million annual visitors.

On nearby runways, cargo planes landed packed with fresh fruit and other perishable items that wouldn't survive the 2,500-mile ocean voyage.

The world's most isolated chain of islands, Hawaii imports nearly 90 percent of its food at a cost of more than $3 billion a year.

There's a high environmental price to be paid for relying on a 747 or 40,000-ton ship as your food truck.

The largest cargo vessels can emit as much pollution as 50 million cars in a year, according to a 2009 study,
and shipping accounts for about 4 percent of global greenhouse gas emissions.

Just consider the carbon footprint of putting a Hawaiian steak on local plates:
Tens of thousands of calves are raised on the Big Island of Hawaii every year and then loaded on barges to the mainland.
There they're fattened, slaughtered, shrink-wrapped, and shipped back across the Pacific to the islands.

Meanwhile, pests and parasites that hitch a ride on this nonstop caravan of cargo ships are decimating Hawaiian wildlife, forests, and farm fields at a cost of hundreds of millions of dollars a year.

But if the status quo is bad, what happens if the ships stop coming could be far worse.

"I think there's a sense here in Hawaii that if we have a hurricane or a tsunami, how long could we last with our food supply?"
said Jenai Wall, chief executive of Foodland,
Hawaii's largest supermarket chain,
which relies on imports for about 80 percent of its sales. She paused. "Not very long."

Probably less than a week, actually.

"If something catastrophic happened on the mainland, we'd have about three days of food in the stores,"
said Una Greenaway, a farmer on the Big Island.
"We're very, very food insecure here, but we don't have to be."

Greenaway, who grows coffee, cacao, apples, bananas, and pineapples on a five-acre farm,
is part of a burgeoning local food movement in Hawaii that's attempting to reverse decades of deepening dependence on imports.

In recent years, there's been a flowering of farms, farmers markets, and eat-local campaigns across the islands.

Not all that different, in other words, from what's going on in the crunchier parts of the mainland.

But this is no foodie fad. It's state policy.

As globalization and climate change upend worldwide food production,
Hawaii is moving to foster homegrown agriculture in a way that could be a model for others.

One key: kicking the state's severe addiction to another carbon-intensive import—oil.

The Sustainable Past

The first food imported to Hawaii arrived in the canoes of ancient Polynesians,
who began to colonize the uninhabited islands between 500 and 700 C.E.

Onboard were the starchy staple taro, sugarcane, sweet potatoes, coconuts, breadfruit, bananas, pigs, and chickens.

Those crops and others became the staples that, by the time of European contact in 1778, supported a population historians estimate was between 150,000 and 1 million.

Without access to draft animals, wheels, or metal tools, the ancient Hawaiians developed
the ahupua'a, a sophisticated and sustainable agricultural system that ran from the ocean to upland valleys.

The Hawaiians harvested the bounty of the sea and grew taro and other crops on irrigated inland fields.
The ahupua'a produced enough food to leave even commoners the leisure time to surf.

Diseases introduced by Europeans decimated the native Hawaiians,
and by the mid-19th century the ahupua'a had been supplanted by vast American-owned sugarcane and pineapple plantations and cattle ranches,
a trend accelerated by the U.S.-backed overthrow of the Hawaiian monarchy and annexation of the islands in the 1890s.

By 1936, only 37 percent of Hawaii's food supply was locally grown, according to University of Hawaii researchers.

Food imports soared in the '60s when the advent of jet travel triggered a tourism boom that would become the mainstay of the Hawaiian economy.

Between 1960 and 2005, Hawaii lost half its farmland as Big Ag began to abandon sugarcane and pineapple plantations, unable to compete against growers elsewhere.

"Although the decline in farm acreage to present has not yet reached the 'critical point' where Hawaii's food security would be threatened,
the trend is a warning sign for Hawaii's future food security,"
said a 2007 report issued by the Hawaii Department of Agriculture.

By 2010, Hawaii was producing only
30.1 percent of the fresh vegetables,
38.1 percent of the fresh fruits, and
9.3 percent of the protein consumed on the islands,
according to a 2013 study by University of Hawaii researchers PingSun Leung and Matthew Loke.

Local dairies supplied all of Hawaii's milk in the early 1980s;
by 2010, most were out of business after a federal court ordered the state to allow imports.

Today, 86 percent of milk on store shelves comes from the mainland.

Seafood has sustained Hawaiians for millennia,
and people here consume nearly twice as much fish per capita as those on the mainland.
Yet, Hawaii flies in about half of its seafood, mainly from overseas.

Even taro is imported.

A staple food of the ancient Hawaiians, the starchy tuber played a central role in their creation myths and spirituality.
"The latest data we have for taro is that we're
consuming 332,000 pounds of fresh taro a year but are only
producing 100,000 pounds, so we import the rest,"


So why doesn't Hawaii grow more of its own food?
For one thing, huge swaths of agricultural land remain locked up in now-defunct plantations or are
controlled by companies that grow genetically engineered seeds,
one of the state's largest exports
—the pineapple of the 21st century.

What farmland is available comes with hard-to-get and high-priced leases.
Farmworkers are also difficult to find and command higher wages than on the mainland,
according to Leung,
who studies the economics of Hawaiian agriculture and food imports.
And just about everything else used in farming—energy, fertilizer—costs more here and must be imported.
Globalization and free trade agreements, meanwhile, have made some imported food cheaper than homegrown,
even if it does have to be shipped across the world.

You can see those challenges—and the future of local agriculture—on the Big Island of Hawaii, the cradle of ancient Hawaiian civilization.
The ahupua'a fed Hawaiians for more than a thousand years, but sugarcane's reign lasted fewer than 150.
The last of the single-crop plantations that dominated this island for much of the 19th and 20th centuries shut down in 1994.

A cornucopia of crops has blossomed on the Big Island since the collapse of big sugar.
As I drove through a vast former plantation north of Hilo, the main town on the wet east side of the island,

I passed fields planted with cucumbers, bell peppers, taro, and other fruits and vegetables.

Off a one-lane road is Hamakua Springs Country Farms, where Richard Ha and three generations of his family grow bananas on 600 acres carved from the plantation.
When oil prices skyrocketed in the summer of 2008 before the global financial crash,
Ha said he realized it would be impossible to foster sustainable agriculture without sustainable energy.

Hawaii burns imported oil to generate 70 percent of its electricity,
which is not only a dirty way to produce power but also makes the state—and farmers—extremely vulnerable to wild swings in energy costs.
"Electricity prices were scary," said Ha, dressed in shorts and a rumpled polo as we stood in the open-air packinghouse at Hamakua where workers clean and package bananas.
"Fertilizer prices went up, and my workers were asking to borrow money for gas so they could get to work.
Anything we can do to lower our cost by moving away from oil is going to start to give us more of an advantage in agriculture."

I think there's a sense here in Hawaii that if we have a hurricane or a tsunami, how long could we last with our food supply? Not very long.

JENAI WALL, CHIEF EXECUTIVE OF FOODLAND SUPERMARKETS

He gestured across the floor toward a forklift and a pile of pallets.
"Even moving a pallet around the farm is based on diesel."

These days, though, the power lies in Ha's hands.
From his iPhone he controls a small hydroelectric power plant that he installed on the farm last year.
We climbed into Ha's pickup and drove up a red dirt road that winds up the windward slopes of Mauna Kea.
Past fallow fields at the top of the farm lies a tributary of a river that flows down the volcano.
Back in plantation days, a flume carried harvested sugarcane down the mountain to a mill.
The flume is still here but now channels water to an underground pipe that flows into a small building where the constant stream powers a turbine that generates 100 kilowatt-hours of electricity.

That's enough energy to run the entire farm, including power-hogging refrigerated storage rooms, with 60 kilowatt-hours left over.
"Our electricity bill used to be $12,000 a month,"
"The payment on the hydro is only $6,000."

With all that extra carbon-free electricity on tap,
Ha said he's considering how to expand his farm, perhaps to raise tilapia, mushrooms, and more.
He argues that if the Big Island made more use of its geothermal resources—the world's largest active volcano,
Mauna Loa, sits to the southwest—that would result in lower agricultural costs and encourage more people to farm.

"Things are changing," Ha said. "We were at an Italian restaurant yesterday, and it was all sourced locally. It makes you so happy to see that."

Indeed, before meeting Ha, I stopped for a late lunch at the Sweet Cane Café in Hilo,
where the ingredients come straight from the owners' organic farm.
There was a line out the door as surfers, soldiers, and security guards queued up for taro burgers and blueberry-coconut-sugarcane smoothies.

Stock Market Gambling: Your new Fidelity account is not funded

Dear Professor Kaufman,

I opened an account but will probably not gamble in the stock market right now.

I was going to buy puts but the market has crashed already.
Maybe too much.

If they can stop the virus and re-open the economy by Easter the economy may boom again.

If it takes longer, the stock market can still recover somewhat.

I do not know how bad the supply chain has been disrupted from worldwide shut downs.

Some companies will go bankrupt.
Other companies will boom.

Hard to figure out which stocks to buy puts on and which stocks to buy calls on.

Much is uncertain.

I will just concentrate on reading and staying healthy thru this.

We are under stay-at-home orders now.

Despite few cases of the virus around here.

Could this all be an over-reaction due to Obama-care failure to stockpile face masks, ventilators, respirators, ICUs, etc.?????



-------

Begin forwarded message:

From: Fidelity Investments <Fidelity.Investments@mail.fidelity.com>

Subject: Your new Fidelity account is not funded

Date: March 24, 2020 at 7:18:25 PM CDT


It's easy to make your first deposit.

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Thank you again for opening a Fidelity Account®.

You've taken the first step; now it's time to put your account to work.

Making your deposit is easy. Fidelity gives you several options from which to choose, including:

• Link your bank account to use electronic funds transfer (EFT) to move money from your bank to your Fidelity®account.

• Use the Fidelity Mobile® app to deposit a check with your iPhone®, iPad®, or Android® device.*

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Take the next step and make a deposit or learn more about your different

Tuesday, March 24, 2020

Tightrope: Americans Reaching for Hope by Nicholas D. Kristof

Financial Crash, Repos, Bankruptcy: Lies, Damned Lies, & Democrats

Yes.
Pandemic to hide the culprits in the financial crisis.
Repos.
Fed bailout of global bankers.
Rothschilds win again.
Mnuchen to get $500,000,000,000 for his pals
plus much more than that from the Fed that will not be reported.

Sheeple clueless, under house arrest addicted to TV video disinformation,
eating corporate home delivered pizza making them sick,
dementia is often caused by addiction to sugar, electronics, dopamine brain secretions.

Pandemic conspiracy has been going on for decades,
now being implemented.

From: John

Prior to their virus trigger, we already had a massive problem with debt, that can never be paid back.

Hundreds of thousands of small to large business will go bankrupt.

Where do you think the Trillion plus dollar stimulus Congress is voting on as we speak will take us?

Where will the money come from?

They will simply print it, digitally speaking, that is.

There is simply no way for the government to bail out all the money that was lost.

Ladened down with trillions of dollars of worthless derivatives,
Deutsche Bank will finally fail
and the rest of Europe will follow.

By mid-year the damage will have been done.

The New York Stock Market Ponzi scheme will have ended, losing over 50% of its fictitious value.

The Federal Reserve is out of ammunition when the interest rates go to zero.

The QE4, which has been going on since September 2019, is now up to $600 Billion a month with the Repo Markets
(once overnight lending between banks, now taken over by the Fed)
went from $500 Billion to over $1.5 Trillion this past week, with 30-60-90 days to repay.

This bodes well to present the inevitable question of, "How high is up?"

The dark road mentioned above will most definitely include the enactment of Martial Law,
which some would argue we are under to some degree today.

Some areas are restricting travel. In the Garden State,
homeowners are being told not to travel to their 'get away homes' on the Jersey Shore.

Which is an amazing situation, where in a once free country, the government is now warning people where they can and cannot go.


https://canadafreepress.com/article/lies-damned-lies-amp-democrats

Depression: pandemic bankruptcies

Dear Professor Kaufman,

Yes.
We are already in a depression.
Much is already shut down.
University towns become ghost towns.
Airplanes parked in the desert for long term storage,
commercial air service grinding to a halt.
No restaurants, hotels, cruises, malls, retail, shopping,..
No traffic.
Closed borders, beaches, forests,...
The only goods and services left running is grocery stores, pharmacies, TV, and some government services, and what can be done online.

Corporations and private companies that lack income will not be able to repay loans.
They are often deep in debt.
So the banks will have no income and also go bankrupt.

Soon the drop in sales tax revenue and income tax revenue will clobber governments.
They will not be able to make payroll.
Fire teachers, professors, police, firemen?
Who will buy their bonds?
Without money, they shut down.
Federal bailout?

Trump is right - the cure for the virus may be worse than the disease.
People need to work to support themselves and their families.
May reopen the economy soon and see if the death rate goes up or down.

Looks like the democrat big cities New York, San Francisco, Seattle, LA, New Orleans…
are ganging up and screaming bloody murder.
Trying to defeat Trump in the election by making the economy look bad.

Seems Mueller, Russian collusion, Ukraine, Impeachment could not stop Trump.
So last ditch effort to stop Trump is Pandemic.
Stop the economy, stop Trump.
May not work.
Declare pandemic over,
get back to work,
boom the stock market again.

It will take time to recover from this depression though.
China supply chain is disrupted.
USA disrupted.
It may take years to put it back together again.

Probably should quit importing so much from China, especially drugs and essentials.

Why did Obamacare fail to produce more doctors, nurses, face masks, ventilators, respirators, ICUs, hospital beds, etc?
Everybody has been warning of pandemics, the coming plague, etc. for decades.
Obama allowed drug ads on TV, but not enough medical care essentials,…
Can this mess be fixed?
May take decades if ever.
Permanent depression?
social collapse?
Pot smokers doomed?

==========

Joe:

This is headed for not a recession, but a depression.

Just this morning, Nancy Pelosi announced refusal to pass the bailout Bill in the House.

This means corporations and small businesses are going to fail,
especially Real Estate.

Inability to pay back loans,
which kicks back to the banks not getting paid,
which leads to bank capital assets in doubt.

This is exactly what happened in 1931.

Only this time it is happening in weeks, not months.

The Democrats in the House are playing with fire if they fail to support corporate financing'

Watch the banks that are on the brink of failure.

Much will be made of what happens the next couple of weeks.

Rich

Dear Professor Kaufman,

I hope you are weathering this crisis in the comfort of your own home.
I am speechless.
I predicted a pandemic
why I suddenly moved far out in the country to a Kansas Farm, self contained, 5 years ago.

This crisis is more of a debt problem than a medical problem.
USA deep in debt,
people and business highly leverage.
Sudden drop in cash flow means they cant pay interest.
Zero cash flow in many instances.
Essentially bankrupt.

Hopefully they can stop the virus and immediately re-open businesses, back to normal.
V shaped recovery?
No recovery without big government financial help?

Long Article:

https://medium.com/@tombarrackjr/preventing-covid-19-from-infecting-the-commercial-mortgage-market-e7444701745e

Excerpt:

Real estate billionaire Tom Barrack said the U.S. commercial-mortgage market is on the brink of collapse

and predicted a "domino effect" of catastrophic economic consequences if banks and government don't take prompt action to keep borrowers from defaulting.

Barrack, chairman and chief executive officer of Colony Capital Inc.,
warns in a white paper of a chain reaction of margin calls,
mass foreclosures,
evictions and,
potentially, bank failures
due to the coronavirus pandemic and consequent shutdown of much of the U.S. economy.

"Loan repayment demands are likely to escalate on a systemic level,
triggering a domino effect of borrower defaults that will swiftly and severely impact the broad range of stakeholders in the entire real estate market,
including property and home owners,
landlords,
developers,
hotel operators
and their respective tenants and employees,"

Barrack said the impact could dwarf that of the Great Depression.

Rescue Plan

Specifically, his paper highlights the fragility of mortgage real estate investment trusts, or REITs,
and credit funds
and the lenders that provide them with liquidity via repurchase financing.

He argues for a rescue plan coordinated by banks and supported by government that includes the following:

$500 billion of taxpayer funds to provide liquidity to the financial system,
including for loans and repurchase contract

Temporary suspensions of both mark-to-market accounting and certain loan-modification rules

Delaying until 2024 a new accounting rule governing the recognition of credit losses

Leeway for banks to provide loan forbearance without triggering bank-capital rule violations

Barrack, a longtime friend of President Donald Trump, has much at stake in the outcome.
Most of Colony's investments are in or connected to real estate.
The Los Angeles-based firm's year-end financial report lists
$3.54 billion of assets in hospitality real estate and
$725 million of debt and equity investments at Colony Credit Real Estate Inc.,
its publicly traded commercial mortgage REIT.

America has endured a shutdown of our GDP, and an attendant unstoppable chain of financial calamities.

There is no doubt that in order to ensure safety and conservatism during our health crisis we have to prepare and perhaps overshoot for the worst;

however, the unintended consequence of responding to the pandemic is a pandemic of mistrust in our financial system.