newswars--2020-06-22--State Department Adds Four More Chinese Media Companies to “Foreign Missions” List

As the pundits and talking heads at the Washington Post opinion section try to revive the Russia collusion narrative , the White House and State Department remain fixated on waging an information war against China , as the State Department declared four more Chinese media outlets in the US as foreign missions that will need to register with the federal government and provide regular updates .
The outlets include the Global Times , a popular English-language news service led by editor in chief Hu Xijin , who has been profiled by American news organizations as one of the most prominent @ @ @ @ @ @ @ is the third time the Trump administration has targeted Chinese media organizations operating in the US since Beijing announced plans to expel all reporters from several media organizations including the New York Times , WSJ and other organizations .
The White House has also targeted visas for Chinese reporters being brought in to the country to work at these companies .
This is the third time since then that the administration as added Chinese media outlets to the list of foreign missions .
Alex Jones discusses the ramifications of the imminent second lockdown @ @ @ @ @

As the pundits and talking heads at the Washington Post opinion section try to revive the Russia collusion narrative, the White House and State Department remain fixated on waging an information war against China, as the State Department declared four more Chinese media outlets in the US as foreign missions that will need to register with the federal government and provide regular updates.
The outlets include the Global Times, a popular English-language news service led by editor in chief Hu Xijin, who has been profiled by American news organizations as one of the most prominent English-language mouthpieces for the CCP.
Global Times
China Central Television
China News Service
People’s Daily
This is the third time the Trump administration has targeted Chinese media organizations operating in the US since Beijing announced plans to expel all reporters from several media organizations including the New York Times, WSJ and other organizations.
The White House has also targeted visas for Chinese reporters being brought in to the country to work at these companies.
This is the third time since then that the administration as added Chinese media outlets to the list of foreign missions.
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy.


newswars--2020-06-22--Dozens Treated for Chlorine Exposure as Massive Fire Engulfs Hazmat Storage at US Okinawa Base in Ja

Dozens Treated for Chlorine Exposure as Massive Fire Engulfs Hazmat Storage at US Okinawa Base in Japan

A fire broke out inside a chemical compound at a major US Air Force base on the Japanese island of Okinawa , triggering the release of chlorine and affecting multiple people who were treated for exposure to toxic gas particles .
Fire alarms were activated on Monday at a building where hazardous materials are stockpiled , Japanese and US media reported .
Located in the central part of Kadena Air Base , the facility burned for a few more hours , though the firefighters didn ’ t let it spill over the base perimeter .
The base , said to @ @ @ @ @ @ @ in the region , confirmed on Facebook that the blaze “ released chlorine gas particles ” into the air .
Footage that surfaced online shows thick plumes of black smoke rising from the hazmat facility .
Base command sealed off the roads and evacuated areas both upwind and downwind of the burning site as firefighters put out the flames .
US military media reported later in the day that at least 45 people were treated for exposure to smoke and chlorine , a highly toxic chemical agent .
Those suffering from shortness of @ @ @ @ @ @ @ runny nose , were urged to consult a doctor .
Meanwhile , Kadena ’ s medical group canceled all routine appointments , apparently bracing for further treatment of those affected .
Kadena Air Base houses over 20,000 service members and their families , along with the USAF ’ s 18th Air Wing and reconnaissance units .
Okinawa accommodates about half of the American troops stationed in Japan , to the great displeasure of many locals .
In recent years , there have been protests against noise pollution , as well as the environmental @ @ @ @ @ @ @ who have repeatedly been involved in sexual assaults and even deadly incidents on several occasions .
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy .

A fire broke out inside a chemical compound at a major US Air Force base on the Japanese island of Okinawa, triggering the release of chlorine and affecting multiple people who were treated for exposure to toxic gas particles.
Fire alarms were activated on Monday at a building where hazardous materials are stockpiled, Japanese and US media reported. Located in the central part of Kadena Air Base, the facility burned for a few more hours, though the firefighters didn’t let it spill over the base perimeter.
The base, said to be America’s largest military installation in the region, confirmed on Facebook that the blaze “released chlorine gas particles” into the air. Footage that surfaced online shows thick plumes of black smoke rising from the hazmat facility.
Base command sealed off the roads and evacuated areas both upwind and downwind of the burning site as firefighters put out the flames.
US military media reported later in the day that at least 45 people were treated for exposure to smoke and chlorine, a highly toxic chemical agent.
Those suffering from shortness of breath or coughing, irritation, and runny nose, were urged to consult a doctor. Meanwhile, Kadena’s medical group canceled all routine appointments, apparently bracing for further treatment of those affected.
Kadena Air Base houses over 20,000 service members and their families, along with the USAF’s 18th Air Wing and reconnaissance units.
Okinawa accommodates about half of the American troops stationed in Japan, to the great displeasure of many locals. In recent years, there have been protests against noise pollution, as well as the environmental impact and behavior of US soldiers, who have repeatedly been involved in sexual assaults and even deadly incidents on several occasions.
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy.


newswars--2020-06-22--US Envoy in Syria Says Washington Wants Assad to Change Behavior, Not Necessarily Step Down

The United States does not demand that Syrian President Bashar Assad resign , but rather wants him to change his behavior , US Special Representative for Syria Engagement Ambassador James Jeffrey said on Monday .
“ We are not demanding total victory .
We are not saying that Assad has to go .
We are saying that Assad has to change , or whoever is in charge of that government , has to change its behavior , ” Jeffrey said .
“ Also we are not saying the Russians have to go.
” The envoy added Washington is not advocating @ @ @ @ @ @ @ the Middle Eastern country , stressing that it is up to the Syrian people to choose who will lead their country .
On US Troop Withdrawal From Syria The issue of the United States withdrawing its troops from Syria is not on the table at present , Jeffrey said on Monday .
“ The President in his own way is talking about withdrawals , for example , from Afghanistan and made clear that we will eventually withdraw from Syria .
Nothing is on the table right now , ” Jeffrey said .
The @ @ @ @ @ @ @ States has not left northeast Syria and more specifically has not left At Tanf .
Russia has been assisting Syria ’ s efforts to fight terrorism and help restore the country per the request of the Syrian government of President Bashar Assad .
The United States presence has not been approved by the Syrian government nor by the UN Security Council .
On US Plans to Pledge Significant Funds to Syria at EU Conference The United States will pledge significant amount of money to Syria at EU pledging conference at the end of @ @ @ @ @ @ @ sanctions regime it has imposed on the country , US Special Representative for Syria Engagement Ambassador James Jeffrey said on Monday .
“ The Caesar Act has very strong humanitarian provisions that require us in the US government to explain to Congress and ensure in our actual sanctions targeting that we do not undercut the humanitarian efforts underway , ” Jeffrey said .
“ The United States , however , will be pledging a significant at the EU pledging conference for humanitarian aid at the end of this month.
” Jeffrey noted that @ @ @ @ @ @ @ $ 10.6 billion and is the biggest humanitarian contributor .
“ That will not stop… but we will continue the sanctions , ” he said , adding that the United States will also continue to impose secondary sanctions .
On Wednesday , US Secretary of State Mike Pompeo unveiled the 39 new Syria sanctions designations under the Caesar Act , targeting people and entities linked to President Assad and members of his family .
The Caesar Syria Civilian Protection Act was signed into law by US President Donald Trump in December and targets @ @ @ @ @ @ @ the Assad government .
On Wednesday , the Syrian Foreign Ministry said the country and its people will resist all US sanctions as stubbornly as they have resisted terrorism .
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy .

The United States does not demand that Syrian President Bashar Assad resign, but rather wants him to change his behavior, US Special Representative for Syria Engagement Ambassador James Jeffrey said on Monday.
“We are not demanding total victory. We are not saying that Assad has to go. We are saying that Assad has to change, or whoever is in charge of that government, has to change its behavior,” Jeffrey said. “Also we are not saying the Russians have to go.”
The envoy added Washington is not advocating for the “regime change” in the Middle Eastern country, stressing that it is up to the Syrian people to choose who will lead their country.
On US Troop Withdrawal From Syria
The issue of the United States withdrawing its troops from Syria is not on the table at present, Jeffrey said on Monday.
“The President in his own way is talking about withdrawals, for example, from Afghanistan and made clear that we will eventually withdraw from Syria. Nothing is on the table right now,” Jeffrey said.
The US Special representative noted that the United States has not left northeast Syria and more specifically has not left At Tanf.
Russia has been assisting Syria’s efforts to fight terrorism and help restore the country per the request of the Syrian government of President Bashar Assad.
The United States presence has not been approved by the Syrian government nor by the UN Security Council.
On US Plans to Pledge Significant Funds to Syria at EU Conference
The United States will pledge significant amount of money to Syria at EU pledging conference at the end of June, but we will maintain the sanctions regime it has imposed on the country, US Special Representative for Syria Engagement Ambassador James Jeffrey said on Monday.
“The Caesar Act has very strong humanitarian provisions that require us in the US government to explain to Congress and ensure in our actual sanctions targeting that we do not undercut the humanitarian efforts underway,” Jeffrey said. “The United States, however, will be pledging a significant at the EU pledging conference for humanitarian aid at the end of this month.”
Jeffrey noted that the United States has pledged more than $10.6 billion and is the biggest humanitarian contributor.
“That will not stop… but we will continue the sanctions,” he said, adding that the United States will also continue to impose secondary sanctions.
On Wednesday, US Secretary of State Mike Pompeo unveiled the 39 new Syria sanctions designations under the Caesar Act, targeting people and entities linked to President Assad and members of his family.
The Caesar Syria Civilian Protection Act was signed into law by US President Donald Trump in December and targets individuals or companies that cooperate financially with the Assad government.
On Wednesday, the Syrian Foreign Ministry said the country and its people will resist all US sanctions as stubbornly as they have resisted terrorism.
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy.


newswars--2020-06-22--Muhammad Ali Jr. Says Father Would Vote Trump & Hate “Racist” BLM

In an interview with the New York Post published last week , the son of legendary boxer Muhammad Ali provided insight into how his father would have viewed today ’ s political climate .
Ali , who died just over four years ago , would have been a Trump supporter and would have hated groups like Black Lives Matter , according to Muhammad Ali Jr. A well-known activist in his own time , Ali Jr. says his father would have been disgusted by the violence and looting seen in response to the death of George Floyd .
“ Don ’ @ @ @ @ @ @ @ t trash the place , ” he advised the protesters .
“ You can peacefully protest .
My father would have said , ‘ They ain ’ t nothing but devils.
’ ” Touching on the Black Lives Matter movement , Ali Jr. explained , “ I think it ’ s racist .
My father said , ‘ All lives matter.
’ I don ’ t think he ’ d agree.
” “ It ’ s not just black lives matter , white lives matter , Chinese lives matter , all lives matter @ @ @ @ @ @ @ ” he continued .
“ God loves everyone — he never singled anyone out .
Killing is wrong no matter who it is.
” “ It ’ s a racial statement , ” he declared .
“ It ’ s pitting black people against everyone else .
It starts racial things to happen ; I hate that.
” During the hour-long interview , Ali Jr. also shared his views on policing , saying , “ Police don ’ t wake up and think , ‘ I ’ m going to kill a n—-r @ @ @ @ @ @ @ They ’ re just trying to make it back home to their family in one piece.
” Regarding the killing of George Floyd , Ali Jr. said .
“ The officer was wrong with killing that person , but people don ’ t realize there was more footage than what they showed .
The guy resisted arrest , the officer was doing his job , but he used the wrong tactic.
” The iconic boxer ’ s son also discussed the far-left domestic terror group Antifa .
“ They ’ re no different @ @ @ @ @ @ @ get what they deserve , ” he stated .
“ They ’ re f–king up businesses , beating up innocent people in the neighborhood , smashing up police stations and shops .
They ’ re terrorists — they ’ re terrorizing the community .
I agree with the peaceful protests , but the Antifa , they need to kill everyone in that thing.
” “ Black Lives Matter is not a peaceful protest .
Antifa never wanted it peaceful .
I would take them all out , ” Ali Jr. added .
A @ @ @ @ @ @ @ fourth-born child explained he has never personally been singled out by police over his race .
“ Not all the police are bad , there ’ s just a few .
There ’ s a handful of police that are crooked , they should be locked up , ” he argued .
“ I never had a bad scene with a cop .
They ’ ve always been nice and protect me .
I don ’ t have a problem with them.
” According to Ali Jr. , “ The Greatest ” would @ @ @ @ @ @ @ have seen through the Democrat playbook .
“ I think Trump ’ s a good president , ” he announced .
“ My father would have supported him .
Trump ’ s not a racist , he ’ s for all the people .
Democrats are the ones who are racist and not for everybody .
These [ Democrat politicians ] saying Black Lives Matter , who the hell are you to say that ?
You ’ re not even black.
” He added , “ Democrats don ’ t give a s–t @ @ @ @ @ @ @ t give a s–t ; she ’ s trying not to get locked up .
Trump is much better than Clinton and Obama .
… The only one to do what he said he would do is Donald Trump.
” Many black leaders are condemning the hypocrisy .
While the left supports radicals like Professor Frimpong who are normalizing hatred and fomenting a race war .
Inflammatory comments allowed to essentially yell fire in a crowded theater where the feature presentation is an old screenplay written by The Weather Underground starring Black Lives @ @ @ @ @ @ @ Foundation , and The United Nations .
With the predictable outcome of a Communist takeover of the United States .

In an interview with the New York Post published last week, the son of legendary boxer Muhammad Ali provided insight into how his father would have viewed today’s political climate.
Ali, who died just over four years ago, would have been a Trump supporter and would have hated groups like Black Lives Matter, according to Muhammad Ali Jr.
A well-known activist in his own time, Ali Jr. says his father would have been disgusted by the violence and looting seen in response to the death of George Floyd.
“Don’t bust up s–t, don’t trash the place,” he advised the protesters. “You can peacefully protest. My father would have said, ‘They ain’t nothing but devils.’”
Touching on the Black Lives Matter movement, Ali Jr. explained, “I think it’s racist. My father said, ‘All lives matter.’ I don’t think he’d agree.”
“It’s not just black lives matter, white lives matter, Chinese lives matter, all lives matter, everybody’s life matters,” he continued. “God loves everyone — he never singled anyone out. Killing is wrong no matter who it is.”
“It’s a racial statement,” he declared. “It’s pitting black people against everyone else. It starts racial things to happen; I hate that.”
During the hour-long interview, Ali Jr. also shared his views on policing, saying, “Police don’t wake up and think, ‘I’m going to kill a n—-r today or kill a white man.’ They’re just trying to make it back home to their family in one piece.”
Regarding the killing of George Floyd, Ali Jr. said. “The officer was wrong with killing that person, but people don’t realize there was more footage than what they showed. The guy resisted arrest, the officer was doing his job, but he used the wrong tactic.”
The iconic boxer’s son also discussed the far-left domestic terror group Antifa.
“They’re no different from Muslim terrorists. They should all get what they deserve,” he stated. “They’re f–king up businesses, beating up innocent people in the neighborhood, smashing up police stations and shops. They’re terrorists — they’re terrorizing the community. I agree with the peaceful protests, but the Antifa, they need to kill everyone in that thing.”
“Black Lives Matter is not a peaceful protest. Antifa never wanted it peaceful. I would take them all out,” Ali Jr. added.
A resident of Chicago, Ali’s fourth-born child explained he has never personally been singled out by police over his race.
“Not all the police are bad, there’s just a few. There’s a handful of police that are crooked, they should be locked up,” he argued. “I never had a bad scene with a cop. They’ve always been nice and protect me. I don’t have a problem with them.”
According to Ali Jr., “The Greatest” would have been a Trump supporter and would have seen through the Democrat playbook.
“I think Trump’s a good president,” he announced. “My father would have supported him. Trump’s not a racist, he’s for all the people. Democrats are the ones who are racist and not for everybody. These [Democrat politicians] saying Black Lives Matter, who the hell are you to say that? You’re not even black.”
He added, “Democrats don’t give a s–t about anybody. Hillary Clinton doesn’t give a s–t; she’s trying not to get locked up. Trump is much better than Clinton and Obama. … The only one to do what he said he would do is Donald Trump.”
Many black leaders are condemning the hypocrisy.
While the left supports radicals like Professor Frimpong who are normalizing hatred and fomenting a race war. Inflammatory comments allowed to essentially yell fire in a crowded theater where the feature presentation is an old screenplay written by The Weather Underground starring Black Lives Matter, Antifa, The Open Society Foundation, and The United Nations. With the predictable outcome of a Communist takeover of the United States.


newswars--2020-06-22--Chinese Warplanes Advance On Taiwan As Tensions Soar

For the seventh time this month , Chinese warplanes approached Taiwan ’ s air defense identification zone ( ADIZ ) on Monday in what could be a deepening phase of geopolitical turmoil between Beijing and Taipei , reported Reuters .
The People ’ s Liberation Army Air Force ( PLAAF ) flew at least one H-6 bomber and J-10 fighter jet into the ADIZ at the island ’ s southwest territory .
Taiwan ’ s air force responded by issuing verbal warnings to the PLAAF aircraft and dispatched aerial reconnaissance and fighter jets to intercept the Chinese jets .
Taiwan @ @ @ @ @ @ @ MND ) said Taiwanese fighters “ proactively drove off ” the PLAAF aircraft .
The incident marks the seventh time , last seen on June 9 , 12 , 16 , 17 , 18 , and 19 , that Chinese military aircraft have violated the country ’ s ADIZ .
The H-6 is a nuclear-capable bomber , used by China in “ island encirclement ” war exercises around the Chinese claimed-island .
Beijing insists Taiwan is part of China , and the war drills around the island , if that is in the @ @ @ @ @ @ @ a routine reminder that China has plans for unification .
The sudden spike in Chinese warplane sightings comes weeks after Taiwan ’ s President Tsai Ing-wen was sworn in for a second presidential term in late May .
US Secretary of State Michael Pompeo congratulated Tsai and said Taiwan is a “ force for good in the world and a reliable partner.
” Usually , the US has refrained from recognizing Taipei ’ s government in the past .
This certainly angered China – and probably why PLAAF aircraft have been flying around @ @ @ @ @ @ @ diplomatic relations quickly deteriorating – Beijing will likely continue its aggressive stance in the region .
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy .

For the seventh time this month, Chinese warplanes approached Taiwan’s air defense identification zone (ADIZ) on Monday in what could be a deepening phase of geopolitical turmoil between Beijing and Taipei, reported Reuters.
The People’s Liberation Army Air Force (PLAAF) flew at least one H-6 bomber and J-10 fighter jet into the ADIZ at the island’s southwest territory.
Taiwan’s air force responded by issuing verbal warnings to the PLAAF aircraft and dispatched aerial reconnaissance and fighter jets to intercept the Chinese jets.
Taiwan’s Ministry of National Defense (MND) said Taiwanese fighters “proactively drove off” the PLAAF aircraft. The incident marks the seventh time, last seen on June 9, 12, 16, 17, 18, and 19, that Chinese military aircraft have violated the country’s ADIZ.
The H-6 is a nuclear-capable bomber, used by China in “island encirclement” war exercises around the Chinese claimed-island.
Beijing insists Taiwan is part of China, and the war drills around the island, if that is in the air or by sea, act as a routine reminder that China has plans for unification.
The sudden spike in Chinese warplane sightings comes weeks after Taiwan’s President Tsai Ing-wen was sworn in for a second presidential term in late May.
US Secretary of State Michael Pompeo congratulated Tsai and said Taiwan is a “force for good in the world and a reliable partner.”
Usually, the US has refrained from recognizing Taipei’s government in the past. This certainly angered China – and probably why PLAAF aircraft have been flying around the island.
With cross-strait and Sino-US diplomatic relations quickly deteriorating – Beijing will likely continue its aggressive stance in the region.
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy.


newswars--2020-06-22--Shock Video Shows White Girl Being Beaten by Black Women, Forced to Kiss Feet

A shocking video out of Brazil shows a white girl being beaten around the head as she is forced to kiss the feet of a black woman .
The clip shows the white girl being restrained by her hair as two women slap her around the face and head in-between making her kiss one of the black women ’ s feet .
The girl ’ s face appears to be swolen , suggesting the beating had also took place before the video started rolling .
The two women demand that the girl obey them and say “ sorry ” while @ @ @ @ @ @ @ her head .
The two culprits also appear to be taking flash photographs of the girl as her head is forced down to kiss the feet .
The video is most likely out of Brazil as the culprits are talking Portuguese as the beat the young woman .
It is not known whether the incident is linked to the recent anti-racism protests , although numerous white leftists have made a point of kneeling , kissing or washing feet to exorcise their white guilt .
The attack could be linked to crime gangs in @ @ @ @ @ @ @ often use violent ritual humilation as a form of punishment .
My voice is being silenced by free speech-hating Silicon Valley behemoths who want me disappeared forever .
It is CRUCIAL that you support me .
Please sign up for the free newsletter here .
Donate to me on SubscribeStar here .
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A shocking video out of Brazil shows a white girl being beaten around the head as she is forced to kiss the feet of a black woman.
The clip shows the white girl being restrained by her hair as two women slap her around the face and head in-between making her kiss one of the black women’s feet.
The girl’s face appears to be swolen, suggesting the beating had also took place before the video started rolling.
Erst ist es nur eine “freundliche Geste des Antirassismus”, dieses nette Knien. Bis es viele tun werden. Dann werden sie es von den Unwilligen einfordern und wehe dir, du tust es nicht: pic.twitter.com/NIayhDdlO0 — Gehtaufkeksen (@gehtaufkeksen) June 22, 2020
The two women demand that the girl obey them and say “sorry” while also mentioning how they have partly shaved her head.
The two culprits also appear to be taking flash photographs of the girl as her head is forced down to kiss the feet.
The video is most likely out of Brazil as the culprits are talking Portuguese as the beat the young woman.
It is not known whether the incident is linked to the recent anti-racism protests, although numerous white leftists have made a point of kneeling, kissing or washing feet to exorcise their white guilt.
The attack could be linked to crime gangs in Brazil’s notorious slums, which often use violent ritual humilation as a form of punishment.
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My voice is being silenced by free speech-hating Silicon Valley behemoths who want me disappeared forever. It is CRUCIAL that you support me.
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newswars--2020-06-22--Watch: White House Slams “Radical Left” in Press Conference

White House Press Secretary Kayleigh McEnany is holding a briefing Monday to deliver the latest on President Trump ’ s @ @ @ @ @ and COVID-19 lockdowns disrupting the nation .
Alex Jones discusses the ramifications of the imminent @ @ @ @ @ economy .

White House Press Secretary Kayleigh McEnany is holding a briefing Monday to deliver the latest on President Trump’s response to the BLM riots and COVID-19 lockdowns disrupting the nation.
Twitter mirror:
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy.


newswars--2020-06-22--Curing COVID-19 Won’t Cure the Economy

Curing COVID-19 Won’t Cure the Economy

We have been making the case for weeks that we aren ’ t heading for a quick recovery .
We ’ ve reported on the number of people of small business owners who don ’ t think they ’ ll survive , the increasing number of over-leveraged zombie companies , and the tsunami of defaults and bankruptcies on the horizon .
Yes , we have seen some economic numbers that are better than expected , but it ’ s all a function of a Federal Reserve-induced sugar high .
The ugly truth is that given the amount of stimulus that @ @ @ @ @ @ @ have pumped into the economy , unwinding it all will be mission impossible .
All of this certainly raises serious questions about the possibility of a “ v-shaped ” recovery .
We ’ re not alone in making this case .
In the following article recently published at the Mises Wire , economist Brendan Brown provides some additional arguments and asserts that even if COVID-19 disappeared today , the economy isn ’ t going back to “ normal.
” The opinions expressed are those of Brendan Brown and for your consideration .
They @ @ @ @ @ @ @ Schiff or SchiffGold .
Speculative frenzy in the midst of recession is not a new phenomenon .
Yet the extent of the “ madness ” this time might well beat records in the small sample size available from the history laboratory .
The combination of extreme monetary radicalism and a receding supply shock has proved to be a potent toxic , impairing mental processes in ways described by the behavioral finance theorists .
The pandemic stock “ bubble ” and resumed hectic demand for risky credit paper provide illustrations .
Speculative narratives that @ @ @ @ @ @ @ now riveting investors .
Perhaps the most fantastic of these is that the Fed ’ s credit paper purchase programs amount to a gift to the US corporate sector even larger than the business tax cuts of 2018 .
A sister narrative concerns European Central Bank ( ECB ) gifts to Italy .
In fact , the gift element is much smaller than at first sight—this is not manna from heaven , but a transfer which imposes burdens on donors and recipients .
These programs distort market signals in ways ( especially stimulating @ @ @ @ @ @ @ ) which will worsen the global credit and banking crisis likely to erupt before full economic expansion resumes .
Two notorious past market frenzies during recessions came to an end with the eruption of credit and banking crisis .
First was the US stock market frenzy of winter 1930 .
The Dow Jones index rose 50 percent from November 29 to April 30 and was back to within 20 percent of that level on the eve of the Wall Street Crash .
Then there was the oil ( and wider commodity ) market @ @ @ @ @ @ @ though US recession had already started in November 2007 ) .
The oil price peaked at $ 145 per barrel , followed by a collapse to below $ 40 the following year .
The 1930 frenzy succumbed to the grim news of emerging credit ( especially bank ) defaults in the US and then , crucially , in Germany ; the 2008 frenzy yielded to the subprime mortgage crisis coupled with the European banking crisis .
Is the present frenzy in recession different ?
As a reference point , on average US stocks @ @ @ @ @ @ @ prerecession peak ( the National Bureau of Economic Research [ NBER ] estimates February 2020 as the start of the recession ) .
But a group of “ pandemic stocks ” —in businesses whose profits gain directly from pandemic , such as online retailing , cloud computing , pharmaceuticals , video conferencing and communication in cyberspace more generally , and computer games , and in businesses whose monopoly power is potentially enhanced in the long run by the knockout of financially crippled competitors—have experienced rises in their prices to far above the level @ @ @ @ @ @ @ counterpart to this “ bubble ” in pandemic stocks is the boom in war stocks during the period of US neutrality in World War I .
Similar to the boom in war stocks , this pandemic stock boom is occurring in the context of rampant monetary inflation .
A key difference is that inflation does not , for now , show up in goods markets .
In the case of war , competition from the military sector ( munitions and armed forces ) for scarce resources ( most of all labor ) means @ @ @ @ @ @ @ range ; in a pandemic , labor exits the supply-crippled civilian economy , but mainly for the purpose of staying safe at home .
Demand from the sectors mounting defenses against COVID-19 ( medical services , pharmaceuticals , constructors of safeguards for social distancing ) is quite modest .
Even so , the prospect of high goods inflation in the aftermath of pandemic may already be triggering some demand for real assets including stocks , especially those earning a present or prospective stream of monopoly rents ( several of these found among the @ @ @ @ @ @ @ us that there is no frenzy .
Markets are responding rationally to news that the recession is already over ( the NBER may indeed date the end May 2020 ) .
A strong economic recovery is now in process , as COVID-19 ’ s offensive has been “ beaten back.
” This should gain new momentum into the winter as the present lull or truce is followed by a victory peace , meaning the arrival of effective cures and vaccines .
What looks like hot speculative conditions in the marketplace now could morph @ @ @ @ @ @ @ ( a euphemism for sustained asset inflation ) .
Examples of this phenomenon in the small sample size of history include the great asset inflations of 1922–28 or 1962–66 , which both started early in the recovery from serious recessions ( but not right at the beginning ) .
This spin is all a tall order .
Yes , the NBER may well determine that the recession is over .
This , however , would be a case of meaningless measurement .
If one superimposes a massive supply shock and a subsequent rapid @ @ @ @ @ @ @ on an already endogenously determined decline of business spending amid a massive accumulation of malinvestment and financial excesses during the long preceding period of asset inflation ( say , 2012–19 ) , what will come into view ?
Most likely a fitful economic expansion , with an initial bounceback of private consumption from lockdowns but with business spending and international trade remaining depressed .
The emergence of sustained strong economic expansions such as accompanied the long asset inflations in the 1920s and 1960s will depend in part on victory over COVID-19 .
Also @ @ @ @ @ @ @ victory for creative capitalism .
Growing capital shortage amid the exposed obsolescence of much capital stock accumulated during the previous cycle should go along with high rates of return at the frontier of new investment opportunity .
When the pandemic is over , it will not mean a reset of fundamental equity and credit values to the market price levels on the eve of pandemic levels .
The period was already the late afternoon if not the twilight of long and virulent asset inflation .
All the malinvestment which is now coming to @ @ @ @ @ @ @ , the aircraft industry , auto industry , international supply chains , China and emerging markets , European export sectors , or commercial real estate—is surely worth some serious downgrade in aggregate valuations from the peak of the last cycle .
This further write-off is highly relevant to credit paper .
The optimists retort that this time is different because of the extent to which the Fed and Uncle Sam are bailing out “ the whole system.
” But there is much fiction here .
Yes , the Fed under the CARES Act @ @ @ @ @ @ @ Economic Security Act ) can draw on up to $ 500 billion from the Treasury in compensation for aggregate losses on credit paper that it buys under its array of asset purchase programs .
Such compensation , however , only covers a fraction of the total paper to be purchased , which is an even smaller fraction of the total high-risk credit in the US and global economy .
The Fed under these programs is essentially a price taker , not a price maker , even though the belief that the Fed is @ @ @ @ @ @ @ of credit paper in the midst of frenzy .
In the event of bankruptcy , the Fed will not be graciously renouncing its claims in favor of all other creditors .
Nor will it be automatically rolling overall proceeds from credit paper together with interest in its portfolio into new paper from the same issuer .
Back to the laboratory of history : if we do hear an echo as the present episode of speculative frenzy in recession fades , it may well come from a big “ credit event.
” This would @ @ @ @ @ @ @ ( including China ) or Europe ( think of Italy ) .
The edifice of the Mnuchin Treasury-Powell Fed credit market protection schemes would crack under the impact .

We have been making the case for weeks that we aren’t heading for a quick recovery.
We’ve reported on the number of people of small business owners who don’t think they’ll survive, the increasing number of over-leveraged zombie companies, and the tsunami of defaults and bankruptcies on the horizon. Yes, we have seen some economic numbers that are better than expected, but it’s all a function of a Federal Reserve-induced sugar high.
The ugly truth is that given the amount of stimulus that the Federal Reserve and the US government have pumped into the economy, unwinding it all will be mission impossible. All of this certainly raises serious questions about the possibility of a “v-shaped” recovery.
We’re not alone in making this case. In the following article recently published at the Mises Wire, economist Brendan Brown provides some additional arguments and asserts that even if COVID-19 disappeared today, the economy isn’t going back to “normal.”
The opinions expressed are those of Brendan Brown and for your consideration. They do not necessarily reflect those of Peter Schiff or SchiffGold.
Speculative frenzy in the midst of recession is not a new phenomenon. Yet the extent of the “madness” this time might well beat records in the small sample size available from the history laboratory. The combination of extreme monetary radicalism and a receding supply shock has proved to be a potent toxic, impairing mental processes in ways described by the behavioral finance theorists. The pandemic stock “bubble” and resumed hectic demand for risky credit paper provide illustrations.
Speculative narratives that would normally encounter much rational skepticism are now riveting investors. Perhaps the most fantastic of these is that the Fed’s credit paper purchase programs amount to a gift to the US corporate sector even larger than the business tax cuts of 2018. A sister narrative concerns European Central Bank (ECB) gifts to Italy. In fact, the gift element is much smaller than at first sight—this is not manna from heaven, but a transfer which imposes burdens on donors and recipients. These programs distort market signals in ways (especially stimulating even higher leverage ratios in the meanwhile) which will worsen the global credit and banking crisis likely to erupt before full economic expansion resumes.
Past Speculative Frenzies
Two notorious past market frenzies during recessions came to an end with the eruption of credit and banking crisis. First was the US stock market frenzy of winter 1930. The Dow Jones index rose 50 percent from November 29 to April 30 and was back to within 20 percent of that level on the eve of the Wall Street Crash. Then there was the oil (and wider commodity) market bubble of spring and summer 2008 (though US recession had already started in November 2007). The oil price peaked at $145 per barrel, followed by a collapse to below $40 the following year. The 1930 frenzy succumbed to the grim news of emerging credit (especially bank) defaults in the US and then, crucially, in Germany; the 2008 frenzy yielded to the subprime mortgage crisis coupled with the European banking crisis.
Is the present frenzy in recession different?
As a reference point, on average US stocks in mid-June 2020 are back to their prerecession peak (the National Bureau of Economic Research [NBER] estimates February 2020 as the start of the recession). But a group of “pandemic stocks”—in businesses whose profits gain directly from pandemic, such as online retailing, cloud computing, pharmaceuticals, video conferencing and communication in cyberspace more generally, and computer games, and in businesses whose monopoly power is potentially enhanced in the long run by the knockout of financially crippled competitors—have experienced rises in their prices to far above the level at the cyclical peak. The nearest counterpart to this “bubble” in pandemic stocks is the boom in war stocks during the period of US neutrality in World War I.
Similar to the boom in war stocks, this pandemic stock boom is occurring in the context of rampant monetary inflation. A key difference is that inflation does not, for now, show up in goods markets.
In the case of war, competition from the military sector (munitions and armed forces) for scarce resources (most of all labor) means that prices rise immediately across a broad range; in a pandemic, labor exits the supply-crippled civilian economy, but mainly for the purpose of staying safe at home. Demand from the sectors mounting defenses against COVID-19 (medical services, pharmaceuticals, constructors of safeguards for social distancing) is quite modest.
Even so, the prospect of high goods inflation in the aftermath of pandemic may already be triggering some demand for real assets including stocks, especially those earning a present or prospective stream of monopoly rents (several of these found among the pandemic stocks).
The optimists tell us that there is no frenzy. Markets are responding rationally to news that the recession is already over (the NBER may indeed date the end May 2020). A strong economic recovery is now in process, as COVID-19’s offensive has been “beaten back.” This should gain new momentum into the winter as the present lull or truce is followed by a victory peace, meaning the arrival of effective cures and vaccines.
What looks like hot speculative conditions in the marketplace now could morph into a prolonged “bull market” (a euphemism for sustained asset inflation). Examples of this phenomenon in the small sample size of history include the great asset inflations of 1922–28 or 1962–66, which both started early in the recovery from serious recessions (but not right at the beginning).
This spin is all a tall order. Yes, the NBER may well determine that the recession is over. This, however, would be a case of meaningless measurement.
If one superimposes a massive supply shock and a subsequent rapid easing (of the supply constraints) on an already endogenously determined decline of business spending amid a massive accumulation of malinvestment and financial excesses during the long preceding period of asset inflation (say, 2012–19), what will come into view? Most likely a fitful economic expansion, with an initial bounceback of private consumption from lockdowns but with business spending and international trade remaining depressed.
The emergence of sustained strong economic expansions such as accompanied the long asset inflations in the 1920s and 1960s will depend in part on victory over COVID-19. Also, however, there must be a victory for creative capitalism. Growing capital shortage amid the exposed obsolescence of much capital stock accumulated during the previous cycle should go along with high rates of return at the frontier of new investment opportunity.
The Pandemic Exposes the Bubbles
When the pandemic is over, it will not mean a reset of fundamental equity and credit values to the market price levels on the eve of pandemic levels. The period was already the late afternoon if not the twilight of long and virulent asset inflation. All the malinvestment which is now coming to light during the pandemic—whether in shale oil, the aircraft industry, auto industry, international supply chains, China and emerging markets, European export sectors, or commercial real estate—is surely worth some serious downgrade in aggregate valuations from the peak of the last cycle. This further write-off is highly relevant to credit paper.
The optimists retort that this time is different because of the extent to which the Fed and Uncle Sam are bailing out “the whole system.” But there is much fiction here.
Yes, the Fed under the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) can draw on up to $500 billion from the Treasury in compensation for aggregate losses on credit paper that it buys under its array of asset purchase programs. Such compensation, however, only covers a fraction of the total paper to be purchased, which is an even smaller fraction of the total high-risk credit in the US and global economy.
The Fed under these programs is essentially a price taker, not a price maker, even though the belief that the Fed is in there may be fueling the price of credit paper in the midst of frenzy. In the event of bankruptcy, the Fed will not be graciously renouncing its claims in favor of all other creditors. Nor will it be automatically rolling overall proceeds from credit paper together with interest in its portfolio into new paper from the same issuer.
Back to the laboratory of history: if we do hear an echo as the present episode of speculative frenzy in recession fades, it may well come from a big “credit event.” This would likely start in either the emerging markets (including China) or Europe (think of Italy). The edifice of the Mnuchin Treasury-Powell Fed credit market protection schemes would crack under the impact.


newswars--2020-06-22--Watch: Walmart Stooge Confronts Mask-less Customer Entering Store

A man attempting to walk into a Walmart without a face mask was physically confronted by an employee who tried to block him from entering the store .
Footage of the incident , which took place in Orlando , Florida , over the weekend , showed an employee immediately run to the automatic doors at the front of the store to block the man , before he tried to shove the employee out of the way .
The man pushes the employee , who backs up – leading to the man slipping and falling on the Walmart floor .
The @ @ @ @ @ @ @ his way into the store as the overzealous employee continues to put his hands out to block his path .
At one point the employee attempts to grab the man ’ s arm – which likely doesn ’ t jive with social distancing guidelines – and the man pulls away angrily .
“ Bro , you got ta wear a mask , ” the person filming the confrontation tells the man .
“ I need you out !
” the employee ( who is wearing his face mask incorrectly below his nose ) @ @ @ @ @ @ @ not listen and continues to walk into a store aisle .
At the same time another employee witnessing the confrontation is seen removing her face mask before she begins to phone someone .
Eventually , the Walmart workers are able to force the man to leave the store .
“ Look at what you did to me , man , ” the employee tells the man , who yells back , “ I ain ’ t done shit to you !
” “ [ You ’ re ] spitting all over the f—ing @ @ @ @ @ @ @ man .
“ Leave !
” In a statement in April , Walmart said stores were making masks mandatory for employees , and would only be encouraged for customers ; however , each store abides by local and county health initiatives .
Orange County , Florida , where the Walmart is located , passed an ordinance Saturday requiring everyone to wear face masks in public .
The video is reminiscent of footage out of Staten Island last month where mask-wearing customers mob-shamed a mask-less customer for shopping without a mask .
Short on @ @ @ @ @ @ @ informed ?
The War Room Highlights covers clips from all 3 hours of the broadcast !

A man attempting to walk into a Walmart without a face mask was physically confronted by an employee who tried to block him from entering the store.
Footage of the incident, which took place in Orlando, Florida, over the weekend, showed an employee immediately run to the automatic doors at the front of the store to block the man, before he tried to shove the employee out of the way.
The man pushes the employee, who backs up – leading to the man slipping and falling on the Walmart floor.
The man gets up and resumes to make his way into the store as the overzealous employee continues to put his hands out to block his path.
At one point the employee attempts to grab the man’s arm – which likely doesn’t jive with social distancing guidelines – and the man pulls away angrily.
“Bro, you gotta wear a mask,” the person filming the confrontation tells the man.
“I need you out!” the employee (who is wearing his face mask incorrectly below his nose) tells the mask-less customer, who does not listen and continues to walk into a store aisle.
At the same time another employee witnessing the confrontation is seen removing her face mask before she begins to phone someone.
Eventually, the Walmart workers are able to force the man to leave the store.
“Look at what you did to me, man,” the employee tells the man, who yells back, “I ain’t done shit to you!”
“[You’re] spitting all over the f—ing place!” another person tells the man. “Leave!”
In a statement in April, Walmart said stores were making masks mandatory for employees, and would only be encouraged for customers; however, each store abides by local and county health initiatives.
Orange County, Florida, where the Walmart is located, passed an ordinance Saturday requiring everyone to wear face masks in public.
The video is reminiscent of footage out of Staten Island last month where mask-wearing customers mob-shamed a mask-less customer for shopping without a mask.
Staten Islanders with masks drive out non-mask wearing person in grocery store. #Coronavirus pic.twitter.com/iPQwk7lD9y — McAuleyATL (@McAuleyATL) May 25, 2020
Follow the author on Gab: https://gab.ai/adansalazar
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Short on time, but still want to stay informed? The War Room Highlights covers clips from all 3 hours of the broadcast!


newswars--2020-06-22--BLM Is A Trojan Horse

BLM Is A Trojan Horse

The corporacratic neo-liberals , self-serving Democrats , New World Order , United Nations and Hollywood ’ s white guilt celebrity cult backed Black Lives Matter movement is eating its own tail .
The United Nations , which ludicrously allowed Saudi Arabia to head a human rights Council Panel and elected Saudi Arabia to the Commission on the Status of Women , recently had to remove a tweet where they condemned Attorney General Barr for labeling Antifa as domestic terrorists .
But , while the attention to chaos falls on the loosely-based trust-fund babies of pro-globalists known as Antifa , Black @ @ @ @ @ @ @ .
As a Black man is shot and killed in the No Go Police Autonomous Zone known as CHOP , gunfire breaks out across the spectrum of UN Strong Cities Networks .
Chicago , the barometer of gang banging , saw the most violent weekend in modern history .
Prior to what is now escalating into modified gang banging warfare , wanton gross negligence by city leaders and the implosion of law and order the Black Lives Matter protesters demanding change in the streets served as cover for unprecedented looting and murder .
@ @ @ @ @ @ @ of gun stores across the country .
And now those guns are lighting up .
Many black leaders are condemning the hypocrisy while the left supports radicals like professor Frimpong who are normalizing hatred and fomenting a race war .

The corporacratic neo-liberals, self-serving Democrats, New World Order, United Nations and Hollywood’s white guilt celebrity cult backed Black Lives Matter movement is eating its own tail.
The United Nations, which ludicrously allowed Saudi Arabia to head a human rights Council Panel and elected Saudi Arabia to the Commission on the Status of Women, recently had to remove a tweet where they condemned Attorney General Barr for labeling Antifa as domestic terrorists.
But, while the attention to chaos falls on the loosely-based trust-fund babies of pro-globalists known as Antifa, Black Lives Matter is wreaking havoc across America.
As a Black man is shot and killed in the No Go Police Autonomous Zone known as CHOP, gunfire breaks out across the spectrum of UN Strong Cities Networks.
Chicago, the barometer of gang banging, saw the most violent weekend in modern history.
Prior to what is now escalating into modified gang banging warfare, wanton gross negligence by city leaders and the implosion of law and order the Black Lives Matter protesters demanding change in the streets served as cover for unprecedented looting and murder.
A precursor to the left’s beloved race war.
Of greater concern was the widespread looting of gun stores across the country.
And now those guns are lighting up.
Many black leaders are condemning the hypocrisy while the left supports radicals like professor Frimpong who are normalizing hatred and fomenting a race war.


newswars--2020-06-22--Fed Begins Rationing Coins as Americans Horde Cash

Having closed the US Mint and halted production ( blaming COVID-19 ) after a surge in demand for gold and silver coins , and warned of the danger of using bills ( once again blaming the pandemic and choosing to “ quarantine ” cash for the sake of Americans ’ health ) , Fed Chair Powell quietly admitted to lawmakers this week that The Fed will be rationing coins as the circulation of coins across the US economy ground to a halt due to the pandemic .
He said the shortage was due to the mass business closures that prevented @ @ @ @ @ @ @ well as a lack of places that are open where people can trade coins for paper bills .
Until the shortage is resolved , the Fed is taking the unusual step of limiting the amount of quarters , dimes , nickels , and pennies sent to banks “ to ensure a fair and equitable distribution of coin inventory.
” They issued a statement explaining the decision : Temporary coin order allocation in all Reserve Bank offices and Federal Reserve coin distribution locations effective June 15 , 2020 The COVID‐19 pandemic has significantly disrupted @ @ @ @ @ @ @ for U.S. coin .
In the past few months , coin deposits from depository institutions to the Federal Reserve have declined significantly and the U.S. Mint ’ s production of coin also decreased due to measures put in place to protect its employees .
Federal Reserve coin orders from depository institutions have begun to increase as regions reopen , resulting in the Federal Reserve ’ s coin inventory being reduced to below normal levels .
While the U.S. Mint is the issuing authority for coin , the Federal Reserve manages coin inventory and @ @ @ @ @ @ @ commercial banks , community banks , credit unions and thrifts ) through Reserve Bank cash operations and offsite locations across the country operated by Federal Reserve vendors .
The Federal Reserve is working on several fronts to mitigate the effects of low coin inventories .
This includes managing the allocation of existing Fed inventories , working with the Mint , as issuing authority , to minimize coin supply constraints and maximize coin production capacity , and encouraging depository institutions to order only the coin they need to meet near‐term customer demand .
Depository @ @ @ @ @ @ @ removing barriers to consumer deposits of loose and rolled coins .
Although the Federal Reserve is confident that the coin inventory issues will resolve once the economy opens more broadly and the coin supply chain returns to normal circulation patterns , we recognize that these measures alone will not be enough to resolve near‐term issues .
Consequently , effective Monday , June 15 , Reserve Banks and Federal Reserve coin distribution locations began allocating coin inventories .
To ensure a fair and equitable distribution of existing coin inventory to all depository institutions , @ @ @ @ @ @ @ Banks and their coin distribution locations began to allocate available supplies of pennies , nickels , dimes , and quarters to depository institutions as a temporary measure .
The temporary coin allocation methodology is based on historical order volume by coin denomination and depository institution endpoint , and current U.S. Mint production levels .
Order limits are unique by coin denomination and are the same across all Federal Reserve coin distribution locations .
Limits will be reviewed and potentially revised based on national receipt levels , inventories , and Mint production .
This @ @ @ @ @ @ @ cash in record amounts due to the COVID crisis .
As Decrypt reports : Banks have more cash than ever before – largely due to the coronavirus pandemic , figures from the Federal Reserve show .
Deposits have never been so high—growing by $ 865 billion in April alone , CNBCreported .
Deposits in total have increased by $ 2 trillion since January after record amounts of cash were pumped into US bank accounts to help with COVID-19 chaos .
Money in bank accounts now stands at a whopping $ 15.4 trillion , @ @ @ @ @ @ @ money is due to the US government doling out trillions of dollars to help its citizens with the economic hardships brought on by COVID-19 lockdowns ; an unlimited bond buying program by the Federal Reserve ; and people hoarding money because of uncertain times .
That money is sitting in bank accounts .
The biggest US banks—JPMorgan Chase , Bank of America and Citigroup—have experienced astronomical growth , CNBCreported .
But there is such a surplus of cash , CNBC reports , that banks don ’ t quite know what to do with @ @ @ @ @ @ @ moves to ban cash transactions in favor of the universal use of credit cards on the flimsy excuse that handling cash may spread the coronavirus .
As Viv Forbes warns at The Epoch Times , don ’ t let our cash money become the biggest COVID casualty .
Swapping paper money for a monopoly of electronic money is a bad deal .
We should always be free to save our cash and protect the value of our savings by investing in real assets or sound money like gold and silver .
Real money @ @ @ @ @ @ @ as pounds , grams , pennyweight , and ounces of gold and silver , or carats of gemstones .
It can not be counterfeited or corrupted easily .
But the value of fiat money relies on the honesty and openness of the rulers .
Fiat money allows politicians to secretly steal your savings to fight yet another war on someone or something .
Next we will see a war on “ speculators , ” or “ hoarders , ” and calls for a world currency .
U.N. one-worlders will not let this COVID @ @ @ @ @ @ @ of one-world government ( the “ National Cabinet ” writ large ) with no circulating cash and mandatory use of digital money ( credit card currency ) .
The climate alarmists would also like to use a digital money monopoly to promote their war on carbon .
They could control and ration what we buy and consume—lettuce , tofu , bicycles , and green energy only , with no overseas trips and no secret buying of diesel , bacon , or beef .
We have already seen the start of their war on @ @ @ @ @ @ @ shinplaster , and cubic currency in the long history of failed political money .
While people are focused on social distancing and contact tracing , one-worlders are secretly planning to recall banknotes and abolish cash .
Then they can ration the “ money ” available to each of us each month ( cutting it off for white males once they reach their “ use by date ” ? )
.
For many people in the world , a store of gold coins , silver coins , gem stones , or a bit of @ @ @ @ @ @ @ or escape when their government became too oppressive or lost a war , and the local fiat money became a cubic currency .
Unless , of course , history repeats…Gold confiscation ?
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy .

Having closed the US Mint and halted production (blaming COVID-19) after a surge in demand for gold and silver coins, and warned of the danger of using bills (once again blaming the pandemic and choosing to “quarantine” cash for the sake of Americans’ health), Fed Chair Powell quietly admitted to lawmakers this week that The Fed will be rationing coins as the circulation of coins across the US economy ground to a halt due to the pandemic.
“What’s happened is that with the partial closure of the economy, the flow of coins through the economy … it’s kind of stopped,” Powell told lawmakers.
He said the shortage was due to the mass business closures that prevented people from spending their coins, as well as a lack of places that are open where people can trade coins for paper bills.
“We’ve been aware of it, we’re working with the Mint to increase supply, we’re working with the reserve banks to get the supply to where it needs to be,” Powell said, adding he expected the problem to be temporary.
Of course, Powell added that the problem would only be temporary, given the economy was reopening and establishments that traditionally deposit their cash into banks were beginning to restart operations.
Until the shortage is resolved, the Fed is taking the unusual step of limiting the amount of quarters, dimes, nickels, and pennies sent to banks “to ensure a fair and equitable distribution of coin inventory.” They issued a statement explaining the decision:
Temporary coin order allocation in all Reserve Bank offices and Federal Reserve coin distribution locations effective June 15, 2020 The COVID‐19 pandemic has significantly disrupted the supply chain and normal circulation patterns for U.S. coin. In the past few months, coin deposits from depository institutions to the Federal Reserve have declined significantly and the U.S. Mint’s production of coin also decreased due to measures put in place to protect its employees. Federal Reserve coin orders from depository institutions have begun to increase as regions reopen, resulting in the Federal Reserve’s coin inventory being reduced to below normal levels. While the U.S. Mint is the issuing authority for coin, the Federal Reserve manages coin inventory and its distribution to depository institutions (including commercial banks, community banks, credit unions and thrifts) through Reserve Bank cash operations and offsite locations across the country operated by Federal Reserve vendors. The Federal Reserve is working on several fronts to mitigate the effects of low coin inventories. This includes managing the allocation of existing Fed inventories, working with the Mint, as issuing authority, to minimize coin supply constraints and maximize coin production capacity, and encouraging depository institutions to order only the coin they need to meet near‐term customer demand. Depository institutions also can help replenish inventories by removing barriers to consumer deposits of loose and rolled coins. Although the Federal Reserve is confident that the coin inventory issues will resolve once the economy opens more broadly and the coin supply chain returns to normal circulation patterns, we recognize that these measures alone will not be enough to resolve near‐term issues. Consequently, effective Monday, June 15, Reserve Banks and Federal Reserve coin distribution locations began allocating coin inventories. To ensure a fair and equitable distribution of existing coin inventory to all depository institutions, effective June 15, the Federal Reserve Banks and their coin distribution locations began to allocate available supplies of pennies, nickels, dimes, and quarters to depository institutions as a temporary measure. The temporary coin allocation methodology is based on historical order volume by coin denomination and depository institution endpoint, and current U.S. Mint production levels. Order limits are unique by coin denomination and are the same across all Federal Reserve coin distribution locations. Limits will be reviewed and potentially revised based on national receipt levels, inventories, and Mint production.
This coin rationing occurs as Americans are hording cash in record amounts due to the COVID crisis. As Decrypt reports:
Banks have more cash than ever before – largely due to the coronavirus pandemic, figures from the Federal Reserve show. Deposits have never been so high—growing by $865 billion in April alone, CNBCreported. Deposits in total have increased by $2 trillion since January after record amounts of cash were pumped into US bank accounts to help with COVID-19 chaos. Money in bank accounts now stands at a whopping $15.4 trillion, June figures show. The flood of money is due to the US government doling out trillions of dollars to help its citizens with the economic hardships brought on by COVID-19 lockdowns; an unlimited bond buying program by the Federal Reserve; and people hoarding money because of uncertain times. That money is sitting in bank accounts. The biggest US banks—JPMorgan Chase, Bank of America and Citigroup—have experienced astronomical growth, CNBCreported. But there is such a surplus of cash, CNBC reports, that banks don’t quite know what to do with it.
We have already seen sly moves to ban cash transactions in favor of the universal use of credit cards on the flimsy excuse that handling cash may spread the coronavirus.
As Viv Forbes warns at The Epoch Times, don’t let our cash money become the biggest COVID casualty. Swapping paper money for a monopoly of electronic money is a bad deal.
We should always be free to save our cash and protect the value of our savings by investing in real assets or sound money like gold and silver.
Real money is always measurable by weight, such as pounds, grams, pennyweight, and ounces of gold and silver, or carats of gemstones. It cannot be counterfeited or corrupted easily. But the value of fiat money relies on the honesty and openness of the rulers. … Fiat money allows politicians to secretly steal your savings to fight yet another war on someone or something. Next we will see a war on “speculators,” or “hoarders,” and calls for a world currency. U.N. one-worlders will not let this COVID crisis go to waste. They dream of one-world government (the “National Cabinet” writ large) with no circulating cash and mandatory use of digital money (credit card currency). The climate alarmists would also like to use a digital money monopoly to promote their war on carbon. They could control and ration what we buy and consume—lettuce, tofu, bicycles, and green energy only, with no overseas trips and no secret buying of diesel, bacon, or beef. We have already seen the start of their war on cash—digital money will join mulberry money, shinplaster, and cubic currency in the long history of failed political money. While people are focused on social distancing and contact tracing, one-worlders are secretly planning to recall banknotes and abolish cash. Then they can ration the “money” available to each of us each month (cutting it off for white males once they reach their “use by date”?).
For many people in the world, a store of gold coins, silver coins, gem stones, or a bit of productive land has allowed them to survive or escape when their government became too oppressive or lost a war, and the local fiat money became a cubic currency.
Unless, of course, history repeats…Gold confiscation?
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy.


newswars--2020-06-22--Stealth Sterilization Is Upon Us

Stealth Sterilization Is Upon Us

What can you say about a portion of the world lead by people that despise children ?
German Chancellor Angela @ @ @ @ @ Mark Rutte and the Oedipus Complex-riddled French President Emmanuel Macron are all childless .
Sterilization @ @ @ @ @ before most of us were even born and we would all be fools to think @ @ @ @

What can you say about a portion of the world lead by people that despise children?
German Chancellor Angela Merkel, Dutch Prime Minister Mark Rutte and the Oedipus Complex-riddled French President Emmanuel Macron are all childless.
Sterilization has been among us long before most of us were even born and we would all be fools to think it ended there.


newswars--2020-06-22--He Was “Defending Himself” From “Racist” UK Claims Brother of Reading Terrorist Who Stabbed Three Pe

He Was “Defending Himself” From “Racist” UK Claims Brother of Reading Terrorist Who Stabbed Three People to Death

The brother of the Libyan refugee who stabbed three people to death in Reading on Saturday night said the terrorist was merely “ defending himself ” against “ racist countries ” like the UK .
25-year-old Khairi Saadallah was arrested after launching a vicious attack on a group of people in a park at around 7pm , killing three and injuring three others as he stabbed them in the neck .
Authorities quickly concluded that the incident was a terrorist attack and later carried out a raid and a controlled explosion at the suspect ’ s home .
However , @ @ @ @ @ @ @ the news story on Facebook by claiming that his sibling was a victim of “ racism ” and that he was merely “ defending himself ” by stabbing three people to death .
“ This is not true .
Khairi defended himself … racist countries .
Freedom for my brother Before !
!
” claimed Mo Saadallah .
“ We are not terroris ( sic ) and fuck England , ” he later posted .
20-year-old eyewitness Lawrence Wort described the horror that unfolded during the attack .
“ Suddenly shouted some unintelligible @ @ @ @ @ @ @ of around 10 , trying to stab them .
“ He stabbed three of them , severely in the neck , and under the arms , and then turned and started running towards me , and we turned and started running .
“ When he realised that he couldn ’ t catch us , he tried to stab another group sat down .
“ He got one person in the back of the neck and then when he realised everyone was starting to run , he ran out the park.
” The terrorist @ @ @ @ @ @ @ a tourist , but later claimed asylum on the grounds that his life was being threatened by Islamists in Libya who took over the country after Hillary Clinton and Barack Obama oversaw regime change and the fall of Colonel Gaddafi .
The United Kingdom doesn ’ t have a very good history with Libyan refugees .
Salman Abedi was rescued from the civil war in Libya in August 2014 by the British Royal Navy .
He went on to blow himself up at an Ariana Grande concert being held at the Manchester Arena @ @ @ @ @ @ @ , more than half of them children .
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The brother of the Libyan refugee who stabbed three people to death in Reading on Saturday night said the terrorist was merely “defending himself” against “racist countries” like the UK.
25-year-old Khairi Saadallah was arrested after launching a vicious attack on a group of people in a park at around 7pm, killing three and injuring three others as he stabbed them in the neck.
Authorities quickly concluded that the incident was a terrorist attack and later carried out a raid and a controlled explosion at the suspect’s home.
However, the terrorist’s brother responded to the news story on Facebook by claiming that his sibling was a victim of “racism” and that he was merely “defending himself” by stabbing three people to death.
“This is not true. Khairi defended himself … racist countries. Freedom for my brother Before !!” claimed Mo Saadallah.
“We are not terroris (sic) and fuck England,” he later posted.
20-year-old eyewitness Lawrence Wort described the horror that unfolded during the attack.
“Suddenly shouted some unintelligible words and went around a large group of around 10, trying to stab them.
“He stabbed three of them, severely in the neck, and under the arms, and then turned and started running towards me, and we turned and started running.
“When he realised that he couldn’t catch us, he tried to stab another group sat down.
“He got one person in the back of the neck and then when he realised everyone was starting to run, he ran out the park.”
The terrorist arrived in the UK claiming to be a tourist, but later claimed asylum on the grounds that his life was being threatened by Islamists in Libya who took over the country after Hillary Clinton and Barack Obama oversaw regime change and the fall of Colonel Gaddafi.
The United Kingdom doesn’t have a very good history with Libyan refugees.
Salman Abedi was rescued from the civil war in Libya in August 2014 by the British Royal Navy.
He went on to blow himself up at an Ariana Grande concert being held at the Manchester Arena, killing 23 people and wounding 139, more than half of them children.
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newswars--2020-06-22--Lenin Statue Erected in Germany as Founding Fathers Statues Toppled in West

While statues of Founding Fathers are being toppled in the West , a new monument to Soviet leader Vladimir Lenin was just erected in Germany .
The Marxist-Leninist Party of Germany ( MLPD ) installed the seemingly privately-owned statue in the western German city of Gelsenkirchen , which sparked controversy among residents .
‘ Seemingly ’ private-owned because while the news reports don ’ t make it crystal clear , they did state that the statue was erected in front of MLPD ’ s headquarters .
And you ’ ll probably see the irony in a privately-owned Lenin statue .
@ @ @ @ @ @ @ , anti-Semites , fascists , anti-communists and other relics of the past has clearly passed , ” said MLPD chair Gabi Fechtner .
“ Lenin was an ahead-of-his-time thinker of world-historical importance , an early fighter for freedom and democracy.
” The statue wasn ’ t erected without controversy , however , as the mayor and the council unsuccessfully tried to block its installation .
“ It ’ s hard to put up with the fact that a dictator from the 21st Century is being placed on a pedestal and a memorial is @ @ @ @ @ @ @ the mayor stated .
“ Unfortunately the courts have decided otherwise , we must accept that , but not without comment.
” There ’ s something ironically expected about the erection of a Lenin statue while statues of George Washington and other historic figures – including well-known abolitionists – are being vandalized or outright destroyed by protesters in the West .
Don ’ t be surprised if a Mao Zedong statue is soon erected somewhere in the United States .

While statues of Founding Fathers are being toppled in the West, a new monument to Soviet leader Vladimir Lenin was just erected in Germany.
The Marxist-Leninist Party of Germany (MLPD) installed the seemingly privately-owned statue in the western German city of Gelsenkirchen, which sparked controversy among residents.
‘Seemingly’ private-owned because while the news reports don’t make it crystal clear, they did state that the statue was erected in front of MLPD’s headquarters.
And you’ll probably see the irony in a privately-owned Lenin statue.
“The time for monuments to racists, anti-Semites, fascists, anti-communists and other relics of the past has clearly passed,” said MLPD chair Gabi Fechtner. “Lenin was an ahead-of-his-time thinker of world-historical importance, an early fighter for freedom and democracy.”
The statue wasn’t erected without controversy, however, as the mayor and the council unsuccessfully tried to block its installation.
“It’s hard to put up with the fact that a dictator from the 21st Century is being placed on a pedestal and a memorial is being made out of it,” the mayor stated. “Unfortunately the courts have decided otherwise, we must accept that, but not without comment.”
There’s something ironically expected about the erection of a Lenin statue while statues of George Washington and other historic figures – including well-known abolitionists – are being vandalized or outright destroyed by protesters in the West.
Don’t be surprised if a Mao Zedong statue is soon erected somewhere in the United States.


newswars--2020-06-22--Antifa Doc Reveals Organized Warfare Tactics in Siege of Police Precinct

The mainstream media would have us believe that the protests and riots that have swept the nation after the death of George Floyd are spontaneous demonstrations whose large turnouts validate the notion that the ideas they argue for— such as abolishing the police — are widely popular .
The average American does not have a full understanding of how much time and money it takes to pull off mass organization such as the one currently taking place .
But at The New American , we have long reported on the vast amount of money and institutional resources being poured into @ @ @ @ @ @ @ elites such as George Soros .
That these radical insurrectionists are so highly funded , organized , and armed should be a cause for concern among Americans and inspire patriots to greater involvement in the well-being of their local communities .
Nevertheless , many continue to write off Antifa , BLM , and other left-wing revolutionary groups as nothing more than unorganized college kids who , should they turn violent , could swiftly be dealt with by a lone gun-toting patriot .
Yet reality presents a far different picture .
A recently published @ @ @ @ @ @ @ ran police out of the Third Precinct reveals an understanding of the principles of fourth-generation warfare , along with a well-honed level of coordination .
Matt Bracken breaks down how a new American civil war , kick started by ANTIFA and Black Lives Matter , has already begun across the United States .

Never underestimate your enemy.
The mainstream media would have us believe that the protests and riots that have swept the nation after the death of George Floyd are spontaneous demonstrations whose large turnouts validate the notion that the ideas they argue for— such as abolishing the police — are widely popular.
The average American does not have a full understanding of how much time and money it takes to pull off mass organization such as the one currently taking place. But at The New American, we have long reported on the vast amount of money and institutional resources being poured into Black Lives Matter and Antifa by global elites such as George Soros.
That these radical insurrectionists are so highly funded, organized, and armed should be a cause for concern among Americans and inspire patriots to greater involvement in the well-being of their local communities.
Nevertheless, many continue to write off Antifa, BLM, and other left-wing revolutionary groups as nothing more than unorganized college kids who, should they turn violent, could swiftly be dealt with by a lone gun-toting patriot.
Yet reality presents a far different picture. A recently published document by rioters in Minneapolis who successfully ran police out of the Third Precinct reveals an understanding of the principles of fourth-generation warfare, along with a well-honed level of coordination.
Read more
Matt Bracken breaks down how a new American civil war, kick started by ANTIFA and Black Lives Matter, has already begun across the United States.


newswars--2020-06-22--Ron Paul: The Federal Reserve is Getting Desperate

In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy , the Fed ’ s Secondary Market Credit Facility has begun purchasing individual corporate bonds .
The Secondary Market Credit Facility was created by Congress as part of a coronavirus stimulus bill to purchase as much as 750 billion dollars of corporate credit .
Until last week , the Secondary Market Credit Facility had limited its purchases to exchange-traded funds , which are bundled groups of stocks or bonds .
The bond purchasing initiative , like all Fed initiatives , will fail to produce long-term @ @ @ @ @ @ @ by increasing the money supply and thus lowering interest rates , which are the price of money .
In this case , the Fed ’ s purchase of individual corporate bonds enables select corporations to pursue projects for which they could not otherwise have obtained funding .
This distorts signals sent by the market , making these companies seem like better investments than they actually are and thus allowing these companies to attract more private investment .
This will cause these companies to experience a Fed-created bubble .
Like all Fed-created bubbles , @ @ @ @ @ @ @ , causing businesses to collapse , investors to lose their money ( unless they receive a government bailout ) , and workers to lose their jobs .
Under the law creating the lending facilities , the Fed does not have to reveal the purchases made by the new facilities .
Instead of allowing the Fed to hide this information , Congress should immediately pass the Audit the Fed bill so people can know whether a company is flush with cash because private investors determined it is a sound investment or because the Fed @ @ @ @ @ @ @ bonds .
The Fed could , and likely will , use this bond buying program to advance political goals .
The Fed could fulfill Chairman Jerome Powell ’ s stated desire to do something about climate change by supporting “ green energy ” companies .
The Fed could also use its power to reward businesses that , for example , support politically correct causes , refuse to sell guns , require their employees and customers to wear masks , or promote unquestioning obedience to the warfare state .
Another of the new lending @ @ @ @ @ @ @ of cash-strapped state and local governments .
This could allow the Fed to influence the policies of these governments .
It is not wise to reward spendthrift politicians with a federal bailout — whether through Congress or through the Fed .
With lending facilities providing to the Federal Reserve the ability to give money directly to businesses and governments , the Fed is now just one step away from implementing Ben Bernanke ’ s infamous suggestion that , if all else fails , the Fed can drop money from a helicopter .
These @ @ @ @ @ @ @ Instead , they will make the inevitable crash more painful .
The next crash can bring about the end of the fiat monetary system .
The question is not if the current monetary system ends , but when .
The only way Congress can avoid the Fed causing another great depression is to begin transitioning to a free-market monetary system by auditing , then ending , the Fed .
This article first appeared at RonPaulInstitute.org .
Community currency offers another way to fight Federal Reserve ’ s devaluation & support local businesses .
@ @ @ @ @ @ @ protect you from tyrants , at both the state & federal level

In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a coronavirus stimulus bill to purchase as much as 750 billion dollars of corporate credit. Until last week, the Secondary Market Credit Facility had limited its purchases to exchange-traded funds, which are bundled groups of stocks or bonds.
The bond purchasing initiative, like all Fed initiatives, will fail to produce long-term prosperity. These purchases distort the economy by increasing the money supply and thus lowering interest rates, which are the price of money. In this case, the Fed’s purchase of individual corporate bonds enables select corporations to pursue projects for which they could not otherwise have obtained funding. This distorts signals sent by the market, making these companies seem like better investments than they actually are and thus allowing these companies to attract more private investment. This will cause these companies to experience a Fed-created bubble. Like all Fed-created bubbles, the corporate bond bubble will eventually burst, causing businesses to collapse, investors to lose their money (unless they receive a government bailout), and workers to lose their jobs.
Under the law creating the lending facilities, the Fed does not have to reveal the purchases made by the new facilities. Instead of allowing the Fed to hide this information, Congress should immediately pass the Audit the Fed bill so people can know whether a company is flush with cash because private investors determined it is a sound investment or because the Fed chose to “invest” in its bonds.
The Fed could, and likely will, use this bond buying program to advance political goals. The Fed could fulfill Chairman Jerome Powell’s stated desire to do something about climate change by supporting “green energy” companies. The Fed could also use its power to reward businesses that, for example, support politically correct causes, refuse to sell guns, require their employees and customers to wear masks, or promote unquestioning obedience to the warfare state.
Another of the new lending facilities is charged with purchasing the bonds of cash-strapped state and local governments. This could allow the Fed to influence the policies of these governments. It is not wise to reward spendthrift politicians with a federal bailout — whether through Congress or through the Fed.
With lending facilities providing to the Federal Reserve the ability to give money directly to businesses and governments, the Fed is now just one step away from implementing Ben Bernanke’s infamous suggestion that, if all else fails, the Fed can drop money from a helicopter. These interventions will not save the economy. Instead, they will make the inevitable crash more painful. The next crash can bring about the end of the fiat monetary system. The question is not if the current monetary system ends, but when. The only way Congress can avoid the Fed causing another great depression is to begin transitioning to a free-market monetary system by auditing, then ending, the Fed.
This article first appeared at RonPaulInstitute.org.
Community currency offers another way to fight Federal Reserve’s devaluation & support local businesses. So are local officials & sheriffs who protect you from tyrants, at both the state & federal level


newswars--2020-06-22--Lockdown 2 Is Here: Please Watch & Share This Critical Report

Bill Gates & the Deep State are making their move to plunge the economy further into a depression & defeat @ @ @ @ @ : Please also watch the full show that goes further into detail :

Bill Gates & the Deep State are making their move to plunge the economy further into a depression & defeat Trump in the 2020 election:
Please also watch the full show that goes further into detail:


newswars--2020-06-23--New Movement Hijacks “I Can’t Breathe” Meme To Protest Masks In Public

Freedom lovers in Texas have launched WeCantBreathe.News to ignite a nationwide movement against the medical tyranny of mandatory public face mask rules .
An upcoming event , titled the “ Protest and Open Air Church Service , ” is set for June 28th in Austin , Texas , starting at 12 noon at the Texas Capitol South Entrance on 11th street .
The group will walk to the Capitol steps where they will hold a prayer session , prior to activists and business owners delivering speeches discussing how they ’ ve been affected by the lockdown and mask orders .
@ @ @ @ @ @ @ Governor ’ s Mansion to voice their disapproval of Texas Gov .
Greg Abbott ’ s recent push to mandate masks statewide .
Any and all freedom lovers are welcome and MASK WEARING IS DISCOURAGED !
Alex Jones and Infowars crew will be attending .
The mask orders are simply authoritarian power-grabbing edicts by would-be dictators .
We are standing against the Bill Gates agenda NOW to stop the United Nations/WHO medical tyranny hellbent on bringing in total lockdown til whole world capitulates to medical ID , cell phone tracking and forced inoculation @ @ @ @ @ @ @ , videos and more to help spread the movement across the country .
We are also pushing for President Trump to sign an Executive Order vetoing these unconstitutional actions by these tyrant cowards .
Just like Trump had to sign an Executive Order to open churches – he waited three months while Antifa ran foaming at the mouth in the streets with BLM burning down the nation – we demand action now !
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy A historical look at the globalist @ @ @ @ @ @ @ of the World Health Organization The White House Covid-19 response team is made up of Big Pharma and Bill Gates operatives The response by Blue State Governors that saw asymptomatic patients sheltered in nursing homes with the most vulnerable is ratcheting up to become a follow the money scheme that resulted in thousands of deaths is as evil as it comes .

Freedom lovers in Texas have launched WeCantBreathe.News to ignite a nationwide movement against the medical tyranny of mandatory public face mask rules.
An upcoming event, titled the “Protest and Open Air Church Service,” is set for June 28th in Austin, Texas, starting at 12 noon at the Texas Capitol South Entrance on 11th street.
The group will walk to the Capitol steps where they will hold a prayer session, prior to activists and business owners delivering speeches discussing how they’ve been affected by the lockdown and mask orders.
The group will then march to the Governor’s Mansion to voice their disapproval of Texas Gov. Greg Abbott’s recent push to mandate masks statewide.
Any and all freedom lovers are welcome and MASK WEARING IS DISCOURAGED! Alex Jones and Infowars crew will be attending.
The mask orders are simply authoritarian power-grabbing edicts by would-be dictators.
We are standing against the Bill Gates agenda NOW to stop the United Nations/WHO medical tyranny hellbent on bringing in total lockdown til whole world capitulates to medical ID, cell phone tracking and forced inoculation.
Go to WeCantBreathe.News for informational fliers, videos and more to help spread the movement across the country.
We are also pushing for President Trump to sign an Executive Order vetoing these unconstitutional actions by these tyrant cowards.
Just like Trump had to sign an Executive Order to open churches – he waited three months while Antifa ran foaming at the mouth in the streets with BLM burning down the nation – we demand action now!
Alex Jones discusses the ramifications of the imminent second lockdown of the American economy
A historical look at the globalist, pro-vaccine, Big-Pharma, Communist background of the World Health Organization
The White House Covid-19 response team is made up of Big Pharma and Bill Gates operatives
The response by Blue State Governors that saw asymptomatic patients sheltered in nursing homes with the most vulnerable is ratcheting up to become a follow the money scheme that resulted in thousands of deaths is as evil as it comes.