prisonplanet--2020-04-01--Stocks Suffer Worst Start To A Year Ever… As Trump Approval Reaches Record High

Here ’ s a chart that no one suspected would happen ( most of all not the media and the democrats ) … as stocks crashed by record amounts in March , President Trump ’ s approval rating has soared to the highest of his presidency… So how bad was Q1 ?
Q1 was the world ’ s biggest quarterly capitalization loss ( in bonds and stocks ) ever… This was The Dow ’ s worst Q1 ever… This was The S & P ’ s worst Q1 since 1938 ( and worst overall quarter since Q4 2008 ) and @ @ @ @ @ @ @ P since Oct 2008 .
Additionally , stocks suffered the first back-to-back-to-back monthly losses since Oct 2016 .
30Y Yields fell in all three months in Q1 .
This is the biggest Q1 crash in 30Y Yields since 1986 ( and biggest quarterly decline in yields since Q3 2011 ) .
2Y Yields plunged 136bps in Q1 ( down 6 quarters in a row ) – the biggest yield drop since Q1 2008 .
This is the 6th straight quarter of gains for gold ( and up 12 of the last 14 Q1s @ @ @ @ @ @ @ in Q1 .
Q1 ’ s 66 % crash in WTI is the worst quarter ever ( worse than the 60 % oil glut crash in Q1 1986 ) .
But apart from that , Q1 was awesome !
!
The Russell 2000 is the biggest ( major ) index loser in Q1 ( down around 31 % ) and the Nasdaq the relative winner… European stocks were down about as hard as US – 25-to-30 % in Q1 led by UK ’ s FTSE… But , in China , tech-heavy and small @ @ @ @ @ @ @ UP over 4 % ) as the rest of the Chinese stock market is down modestly… So much for the month-/quarter-end rebalancing flows ?
The Virus-Fear Trade – long food , short leisure – has started to deteriorate again this week suggesting all is not well… Bank stocks suffered their second worst quarter ever , crashing 41 % ( Q1 2009 was -44 % ) with Citi and Wells Fargo worst… 2020 has been a one-way street of long-momentum and short-value… Q1 also saw the biggest quarterly spike in VIX ever… And realized @ @ @ @ @ @ @ during the Black Mondays in 1987 and 1929… Credit markets collapsed at a record pace in Q1 with IG taking the brunt ( relatively speaking ) until The Fed bailed them out… Bond yields collapsed in Q1 led by the short-end ( 2Y -135bps , 30Y -105bps ) … 2Y Yields are once again back below The Fed Funds rate ( even after the massive cuts this quarter ) … The Dollar surged in Q1 ( its biggest quarter since Q4 2016 ) Q1 was mixed for cryptos with Bitcoin down 9.5 % @ @ @ @ @ @ @ While oil stole all the headlines in Q1 with its record-breaking crash , gold managed solid gains… Among the precious metals , Palladium outperformed , Platinum was the biggest paggard… While some ( heavier ) crudes actually traded with negative prices in Q1 ( Wyoming Asphalt Sour ) , WTI traded down to a $ 19 handle at its lows… for now… But crude ’ s contango is the largest its ever been as prices adjust down to desperately try and avoid storage gluts… Finally , what happens next ?
Who knows ?
@ @ @ @ @ @ @ run the historical seasonals and this is what the ‘ odds ’ say : Global index performance for the next 4 weeks , the outperformers are Eurostoxx +4.3 % with a 81 % hit rate , DAX +4.1 % with a 73 % hit rate , EM +2.6 % with a 69 % hit rate , RTY +2.5 % with a 69 % hit rate , worst performers are HSCEI +2.0 % with a 58 % hit rate , Japan +2.0 % with a 73 % hit rate , SPX +2.0 % with @ @ @ @ @ @ @ +2.2 % with a 69 % hit rate , UKX +2.4 % with a 73 % hit rate US sector performance for the next 4 weeks , the outperformers are Energy +3.8 % with a 77 % hit rate , Materials +3.2 % with a 73 % hit rate , Industrials +2.8 % with a 73 % hit rate , Utilities +2.6 % with a 65 % hit rate , Discretionary +2.5 % with a 69 % hit rate , worst performers are Telco +0.1 % with a 50 % hit rate , @ @ @ @ @ @ @ hit rate , Healthcare +0.8 % with a 62 % hit rate , Fins +1.8 % with a 73 % hit rate , Reits +2.3 % with a 72 % hit rate , Technology +2.4 % with a 69 % hit rate US industry performance for the next 4 weeks , the outperformers are Energy +3.8 % with a 77 % hit rate , Automobiles & Components +3.2 % with a 81 % hit rate , Materials +3.2 % with a 73 % hit rate , Capital goods +2.9 % with a 73 @ @ @ @ @ @ @ +2.8 % with a 73 % hit rate , Utilities +2.6 % with a 65 % hit rate , Retailing +2.6 % with a 65 % hit rate , Transports +2.3 % with a 81 % hit rate , Real Estate +2.3 % with a 72 % hit rate , Media +1.9 % with a 73 % hit rate , Insurance +1.9 % with a 77 % hit rate , worst performers are Telecommunication -0.4 % with a 46 % hit rate , Food and Staples Retail -0.1 % with a 50 % @ @ @ @ @ @ @ +0.4 % with a 69 % hit rate , Healthcare equip +0.5 % with a 58 % hit rate , Household & Personal +0.9 % with a 69 % hit rate , Pharma , Biotech +0.9 % with a 69 % hit rate , Comm & Profess Services +1.2 % with a 73 % hit rate , Diversified Fins +1.4 % with a 65 % hit rate , Tech Hardware & Equip +1.5 % with a 58 % hit rate , Semiconductors +1.7 % with a 65 % hit rate , Banks +1.8 @ @ @ @ @ @ @ , Consumer Durable +1.8 % with a 73 % hit rate Factor performance for the next 4 weeks , the outperformers are Size Factor +0.8 % with a 65 % hit rate , Beta Factor +0.6 % with a 61 % hit rate , worst performers are Predicted P/E -0.6 % with a 43 % hit rate , Price Momentum +0.3 % with a 52 % hit rate .
Cross asset performance for the next 4 weeks , the outperformers are Crude +4.2 % with a 65 % hit rate , Gold +1.0 @ @ @ @ @ @ @ , worst performers are US rates -0.5 % with a 46 % hit rate , Dollar -0.4 % with a 27 % hit rate .
However , the question is – do we replay 2008 after this bounce ?
And top-down macro is even worse… As The Feds favorites ( and only ) tool seems to have stopped working… This article was posted : Wednesday , April 1 , 2020 at 3:40 am


prisonplanet--2020-04-01--Sweden: Pro-Migrant Protest Goes Ahead Despite Coronavirus

Police are allowing demonstrators to gather every day .
A pro-migrant protest in Sweden continues to take place every day despite authorities banning large gatherings and demanding social distancing as a result of the coronavirus .
Sweden has more lax lockdown measures than most European countries , but has still banned gatherings over 50 people and urged all sports teams to cancel games .
People who violate this law face up to six months in jail .
However , attendees of a pro-migrant protest in Gothenburg , which has been ongoing for weeks , are apparently immune from prosecution .
@ @ @ @ @ @ @ and Tuesday outside the city ’ s Migration Board to show solidarity with “ Palestinian migrants trapped in legal limbo and unable to obtain proper residence permits.
” “ Right now , we ’ re letting them hold it .
We dissolve it if we feel it is needed , ” Johan Ljung , the commanding officer of the local police told reporters .
“ For this particular demonstration , it is very quiet because they sit down and even are silent.
” “ They sit there more or less every day , @ @ @ @ @ @ @ spokesperson for local police revealed .
One wonders if the police response would be different if a group of 100 right-wing protesters gathered for a “ quiet ” demonstration .
As we highlight in the video below , the Spanish government encouraged its citizens to take part in huge feminist marches across the country on March 8th , potentially exposing thousands of people to coronavirus .
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This article was posted : Wednesday , April 1 , 2020 at 2:32 pm

For the New World Order, a world government is just the beginning. Once in place they can engage their plan to exterminate 80% of the world's population, while enabling the "elites" to live forever with the aid of advanced technology. For the first time, crusading filmmaker ALEX JONES reveals their secret plan for humanity's extermination: Operation ENDGAME.
Jones chronicles the history of the global elite's bloody rise to power and reveals how they have funded dictators and financed the bloodiest wars—creating order out of chaos to pave the way for the first true world empire.
Watch as Jones and his team track the elusive Bilderberg Group to Ottawa and Istanbul to document their secret summits, allowing you to witness global kingpins setting the world's agenda and instigating World War III.
to Ottawa and Istanbul to document their secret summits, allowing you to witness global kingpins setting the world's agenda and instigating World War III. Learn about the formation of the North America transportation control grid, which will end U.S. sovereignty forever.
Discover how the practitioners of the pseudo-science eugenics have taken control of governments worldwide as a means to carry out depopulation.
View the progress of the coming collapse of the United States and the formation of the North American Union.
Never before has a documentary assembled all the pieces of the globalists' dark agenda. Endgame's compelling look at past atrocities committed by those attempting to steer the future delivers information that the controlling media has meticulously censored for over 60 years. It fully reveals the elite's program to dominate the earth and carry out the wicked plan in all of human history.
Endgame is not conspiracy theory, it is documented fact in the elite's own words.


prisonplanet--2020-04-01--‘Nothing Left For the Americans’: Chinese Woman Brags About Buying Up Supply of N95 Masks

‘ Nothing Left For the Americans ’ : Chinese Woman Brags About Buying Up Supply of N95 Masks A Chinese woman filmed herself traveling around Florida buying up N95 face masks while bragging , “ I didn ’ t leave a single mask for the Americans.
” The woman shared video clips of her callous stunt on Chinese social media site Weibo .
The video was captioned , “ So much fun shopping .
Bought them all .
Left nothing for the Americans.
” “ It feels so awesome to buy all the masks !
” she states .
The @ @ @ @ @ @ @ truck with boxes full of the masks .
“ They still don ’ t know about the purchase limit on masks , ” the she says while laughing .
“ I bought all the masks , the shelves are empty , you can see my sweat … I feel like a thief.
” The woman continues to cackle while bragging , “ A full shopping cart !
” The end of the video shows the pick up truck fully loaded with the masks , which the woman claims to be a “ historical @ @ @ @ @ @ @ products in bulk and then sells them on to Chinese people at a massive profit .
“ She can be seen in the above video being aided by her white husband .
Neither stand accused of any criminal wrongdoing , ” writes Chris Menahan .
The woman ’ s behavior is clearly disgusting given that there has been a shortage of masks across the western world , leaving front line health care workers exposed .
Be careful though .
If you criticize her , the media might call you racist .
Remember , @ @ @ @ @ @ @ in China , despite China lying about its spread , and despite China silencing whistleblowers who tried to warn the world – it ’ s “ xenophobic ” to claim COVID-19 had anything to do with China .
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Support my sponsor – Turbo Force – a supercharged boost of clean energy without @ @ @ @ @ @ @ : Wednesday , April 1 , 2020 at 12:20 pm


prisonplanet--2020-04-01--Michigan Democrat Governor Asks Feds For Hydroxychloroquine Just Days After Threatening Doctors For

Michigan Democrat Governor Asks Feds For Hydroxychloroquine Just Days After Threatening Doctors For Prescribing It Democratic Michigan Governor Gretchen Whitmer is now asking the federal government to send her hydroxychloroquine just four days after she threatened to revoke the medical licenses of doctors who prescribed it .
Last week , Whitmer sent a letter warning physicians and pharmacists of punishments for the prescribing of hydroxychloroquine and chloroquine despite a major study recommending “ COVID-19 patients be treated with hydroxychloroquine and azithromycin to cure their infection and to limit the transmission of the virus to other people in order to curb @ @ @ @ @ @ @ ” Medical professionals were threatened with “ administrative action , ” with Whitmer claiming that hydroxychloroquine had not met the benchmark for “ proof of efficacy.
” How quickly things change .
Four days later , Whitmer is now begging the feds to send her hydroxychloroquine .
“ We want to ensure that doctors have the ability to prescribe these medicines , ” she said .
“ We also want to make sure that the people who have prescriptions that predated COVID-19 have access to the medication they need .
And so all @ @ @ @ @ @ @ done is trying to strike that balance.
” It ’ s also worth noting that Fox News host Laura Ingraham was forced to delete a tweet that promoted hydroxychloroquine as a COVID-19 cure under threat of suspension despite it already having been approved by the FDA .
In its approval letter , the FDA said , “ Based on the totality of scientific evidence available to FDA , it is reasonable to believe that chloroquine phosphate and hydroxychloroquine sulfate may be effective in treating COVID-19.
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This article was posted : Wednesday , April 1 , 2020 at 11:03 am


prisonplanet--2020-04-01--Sweden Begins to Abandon Liberal Coronavirus Approach as Deaths Surge

Having been one of the few European countries in the world not to impose a coronavirus lockdown , Sweden is now starting to abandon its liberal approach after a surge in deaths .
Up until now , Sweden had kept schools , bars , restaurants and cinemas open while only restricting gatherings that were over 50 people .
People were encouraged to observe social distancing measures , but there were no quarantine protocols enforced by force of law and unlike its Scandinavian neighbors , Sweden ’ s borders remained open .
Commentators warned that this was “ like watching a @ @ @ @ @ @ @ inevitably backfire .
Now that Sweden has recorded 239 COVID-19 deaths , more than Norway , Finland and Denmark combined , the country ’ s left-wing government is finally imposing a stronger form of lockdown .
“ As the number of new cases and deaths from COVID-19 rises sharply in Sweden the government and the Public Health Agency have presented new measures for how people can further slow the spread of the novel coronavirus , ” reports Radio Sweden .
The new “ guidelines ” encourage people to avoid public transport during rush @ @ @ @ @ @ @ number of people they let in , and tell sports clubs to cancel all upcoming matches and tournaments .
However , it doesn ’ t appear as though any of the measures will be enforced legally through police dispersal orders or fines .
In other European countries like Spain , Italy and the UK , it is forbidden to go outside except for “ essential ” reasons .
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This article was posted : Wednesday , April 1 , 2020 at 9:25 am


prisonplanet--2020-04-01--Japanese VP: The WHO Should be Renamed the ‘Chinese Health Organization’

Japanese VP : The WHO Should be Renamed the ‘ Chinese Health Organization ’ For its role in helping Beijing cover up coronavirus .
The deputy prime minister of Japan says that the WHO should be renamed the ‘ Chinese Health Organization ’ for its role in helping Beijing cover-up the severity of the coronavirus outbreak .
Referring to a petition which now has almost 700,000 signatures calling on WHO Director-General Tedros Adhanom to resign , Taro Aso tore into the organization for conspiring with China and failing to stop a global pandemic that could have been prevented .
“ @ @ @ @ @ @ @ change its name .
It shouldn ’ t be called the WHO , it should be renamed the Chinese Health Organization ( CHO ) .
This appeal is truly resonating with the people , ” said Aso .
“ Early on , if the WHO had not insisted to the world that China had no pneumonia epidemic , then everybody would have taken precautions , ” he added , noting that Taiwan had to face coronavirus on its own because it was excluded from the WHO .
Indeed , as we have highlighted @ @ @ @ @ @ @ Chinese propaganda that the coronavirus outbreak was under control , including a January 14th tweet which falsely claimed there was no human to human transmission of the disease , despite this having occurred in December .
Throughout January , the WHO praised China for its open and “ speedy ” response to COVID-19 , even as Beijing authorities were silencing and disappearing doctors like Ai Fen who tried to warn the world that China was engaged in a cover-up .
The global health body also repeatedly told countries not to enforce border controls @ @ @ @ @ @ @ the virus , instead placing more importance on avoiding the “ stigmatization ” of Chinese people .
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This article was posted : Wednesday , April 1 , 2020 at 8:03 am


prisonplanet--2020-04-01--University Issues Decree To Students: Do Not Use Terms Such As ‘Chinese Virus’

University Issues Decree To Students : Do Not Use Terms Such As ‘ Chinese Virus ’ The University of California has issued a decree to students , ordering them not to use the term ‘ Chinese virus ’ and not to let anyone else use the term , reasoning that it is ‘ racist ’ .
The orders come from the Council of Chief Diversity Officers at the University ( yes that really is a thing ) .
Administrators sent out what they describe as a “ guidance document ” to help “ supportive positive and inclusive campus climates during @ @ @ @ @ @ @ that students “ reject racism , sexism , xenophobia and all hateful or intolerant speech , both in person and online , ” and to “ Be an ‘ up-stander , ’ and discourage others from engaging in such behavior.
” Pray tell , what constitutes such hateful speech ?
“ Do not use terms such as ‘ Chinese Virus ’ or other terms which cast either intentional or unintentional projections of hatred toward Asian communities , and do not allow the use of these terms by others , ” the documents urges @ @ @ @ @ @ @ refer to the virus as “ COVID-19 ” OR “ coronavirus ” in all “ oral and written communications , ” the decree adds .
Related : University Of Wisconsin : Claiming Coronavirus Is From China Is “ Racist ” London reporter Paul Joseph Watson reports on how Democrats were pushing people to socialize during COVID-19 pandemic .
That ’ s not social distancing !
Not all students are following the ‘ guidelines ’ , however .
“ While certain concerns of bigotry directed towards persons of Asian descent might be warranted , @ @ @ @ @ @ @ motive to those who refer to the coronavirus as the ‘ Chinese virus ’ and that is laughable , ” External VP of the UC Berkeley College Republicans Rudra Reddy told Campus Reform .
“ The Chinese government has actively contributed to the spread of this deadly virus by obscuring information about the outbreak and spreading devious rumors trying to assign blame to the American military , ” Reddy added .
“ They deserve to be called out for their role in this crisis and the UC system should not play along with @ @ @ @ @ @ @ accountability as racism.
” Reddy further urged .
Also speaking to the University oriented website , a UC graduate student who wished to remain anonymous said “ the fact that the UC system found it a reasonable expenditure of time to put together a ‘ guidance document ’ is a waste .
This pandering to the CCP [ Chinese Communist Party ] is an attack on the mission and values of the University.
” Others noted that it is not clear that the document is not a compulsory mandate .
“ Although this @ @ @ @ @ @ @ ’ how many people on campus will know that compliance is voluntary – and even if they do , do they truly believe they won ’ t be punished ?
Quite obviously , this guidance is intended to ‘ chill ’ certain speech… ” commented Nicole Neily , president of First Amendment group Speech First .
The Foundation for Individual Rights in Education ( FIRE ) also took issue with the document , noting that it “ is framed as ‘ guidance , ’ suggesting the directives are merely aspirational ; however , @ @ @ @ @ @ @ not… ’ ) suggests these particular provisions are mandatory.
” “ Will disregard of this ‘ guidance ’ result in students or faculty members being punished ?
” FIRE posited , adding that “ Statements like these directives impermissibly chill protected expression , as students and faculty may self-censor for fear of crossing a line they can not see.
” A spokeswoman for the University of California told Campus Reform in an emailed statement , “ at the University of California we put our Principles of Community into practice by fostering inclusion and @ @ @ @ @ @ @ .
UC embraces freedom of speech and robust discussions .
This commitment does not prevent us from speaking our core values .
UC actively denounces and discourages xenophobia ( prejudicial actions against people from other countries ) , bigotry and racism .
Our guidance is consistent with our principles and values.
” This article was posted : Wednesday , April 1 , 2020 at 5:57 am


prisonplanet--2020-04-02--After Global Embarrassment, China Bans Export of ‘Unlicensed’ Medical Supplies

The Chinese Communist Party sought to manage the global political fallout from shipping thousands of defective coronavirus test kits and protective masks on Wednesday by announcing new export restrictions on medical supplies from companies that lack the necessary licenses to sell them in foreign markets .
The South China Morning Post reported the new rules were issued after European customers complained about “ the quality and accuracy of test kits and other products ” purchased from Chinese vendors : The new rule applies to all companies seeking to export test kits , face masks , protective clothing , ventilators and @ @ @ @ @ @ @ statement issued on Tuesday by the Ministry of Commerce , General Administration of Customs and the National Medical Products Administration .
Previously , Chinese exporters were required only to have CE certification to indicate their goods conformed to the health and safety standards required for sale within the European Economic Area .
The statement said also that companies must demonstrate to the Chinese customs agency that their products meet the relevant standards of the countries to which there goods are being exported .
The new rules would be tightly implemented and any company @ @ @ @ @ @ @ would be punished accordingly , it said .
This article was posted : Thursday , April 2 , 2020 at 3:30 am


prisonplanet--2020-04-02--Here We Go Again: China Puts County On Lockdown After New Corona Cluster Emerges

Here We Go Again : China Puts County On Lockdown After New Corona Cluster Emerges Having lied for the past two months about the severity and the extent of coronavirus pandemic which its virologists started in Wuhan , eager to convey the message that the crisis “ under control ” just so people return to work , full of hope and enthusiasm , rejoicing at the surge in China ’ s just as fabricated PMI numbers , and willing to work their asses off ( with Beijing generously willing to risk everyone ’ s lives as the alternative is a @ @ @ @ @ @ @ ) earlier today the US finally cracked down on the relentless barrage of Chinese lies , when US intelligence accused China of deliberately lying about its coronavirus figures .
Then , in a miraculous coincidence , just moments later Reuters reported that a county in central China ’ s Henan province announced on Wednesday it had “ virtually banned all outbound movement of people , following several cases of coronavirus infection in the area.
” According to a post on its social media account , Jia county – which has a population of @ @ @ @ @ @ @ can travel out of Jia county without proper authorization .
Additionally , residents are not allowed to leave their homes for work unless they have clearance to do so .
According to local media reports , on March 29 , Henan Province broke its 30-day streak of reporting no new coronavirus cases , saying one person tested positive after a trip to Pingdingshan , where Jia County is located .
Specifically , on Saturday , Henan province reported one confirmed case in Luohe city ; local authorities said the infected person had been @ @ @ @ @ @ @ Jia county who later tested positive for the virus even though they had showed no symptoms .
As a result , Bloomberg adds that starting April 1 , all residential compounds will be under “ closed-off management ” and all residents need to wear masks and have temperature taken entering or exiting the compounds .
And so the virus is back to China , despite the best intentions of the World Health Organization and its Beijing sponsors to make it seem that China had managed to defeat the virus .
Needless to say @ @ @ @ @ @ @ risk of stop-start restrictions on people ’ s movements mean that any calls for a V-shaped rebound in global economies and stocks can now be ignored as China will soon be forced to go through the entire shut down exercise all over again .
Indeed , as Bloomberg ’ s Simon Flint wrote presciently overnight , “ as China ’ s economy restarts , there is every risk infection rates to tick higher once again , requiring renewed control measures and potentially the beginning of a stop-start pattern of lockdowns followed by eased @ @ @ @ @ @ @ the growing number of countries in lockdown – and the unknown impact of a rampant virus in nations with fewer restrictions – and the much hoped for V-shaped recovery could quickly become a series of W ’ s ” … and since “ there is no blueprint for jump-starting a stalled economy in the midst of a global pandemic , a fresh waves of infections following production restarts could quickly snuff out any rally in global stocks.
” In other words , back to square one we go , only maybe this time @ @ @ @ @ @ @ article was posted : Thursday , April 2 , 2020 at 3:28 am


prisonplanet--2020-04-02--European Union Will ‘Cease to Exist’ Over Coronavirus Response Failure, Warn Italian Politicians

European Union Will ‘ Cease to Exist ’ Over Coronavirus Response Failure , Warn Italian Politicians A group of Italian politicians have warned that the European Union will “ cease to exist ” if countries in the bloc refuse to increase funding to the nations hardest hit by the Chinese coronavirus .
On Tuesday , mayors and other politicians from Italy took out a full-page advertisement in a German newspaper Frankfurter Allgemeine Zeitung , criticising the Netherlands and Germany for refusing to back so-called “ coronabonds ” to underwrite the debt accumulated by Italy and other coronavirus epicentre countries in @ @ @ @ @ @ @ friends , with the coronavirus the shared history of the Western world has once again taken centre stage , ” the Italian politicians wrote .
“ Today the EU does not have the means to respond to the crisis in a united front .
If it does not prove that it exists , it will cease to exist , ” they warned .
The politicians , led by Italian MEP Carlo Calenda , drew a comparison to the aftermath of the Second World War when Italy along with other European powers agreed to @ @ @ @ @ @ @ which they claim the country could “ never have paid ” back .
This article was posted : Thursday , April 2 , 2020 at 3:24 am


prisonplanet--2020-04-02--“One Of The Worst Coverups In Human History”: MSM Attention Turns To Chinese Biolab Near COVID-19 Gr

“One Of The Worst Coverups In Human History”: MSM Attention Turns To Chinese Biolab Near COVID-19 Ground Zero

“ One Of The Worst Coverups In Human History ” : MSM Attention Turns To Chinese Biolab Near COVID-19 Ground Zero In late January we asked whether a prolific Chinese scientist who was experimenting with bat coronavirus at a level-4 biolab in Wuhan China was responsible for the current outbreak of a virus which is 96 % genetically identical – and which saw an explosion in cases at a wet market located just down the street .
For suggesting this , we were kicked off Twitter and had the pleasure of several articles written by MSM hacks regarding our ‘ @ @ @ @ @ @ @ addressed the plethora of hard evidence linked in the post .
These are the same people , mind you , who pushed the outlandish and evidence-free Trump-Russia conspiracy theory for years .
Whether or not the virus was engineered ( scientists swear it wasn ’ t ) – it shouldn ’ t take Perry Mason to conclude that a virulent coronavirus outbreak which started near a biolab that was experimenting with — coronavirus — bears scrutiny .
Could a lab worker have accidentally infected themselves – then gone shopping for meat at the @ @ @ @ @ @ @ long , asymptomatic incubation period ?
And now , the Washington Times is out with a report titled “ Chinese researchers isolated deadly bat coronaviruses near Wuhan animal market.
” Chinese government researchers isolated more than 2,000 new viruses , including deadly bat coronaviruses , and carried out scientific work on them just three miles from a wild animal market identified as the epicenter of the COVID-19 pandemic .
Several Chinese state media outlets in recent months touted the virus research and lionized in particular a key researcher in Wuhan , Tian Junhua @ @ @ @ @ @ @ work .
The coronavirus strain now infecting hundreds of thousands of people globally mutated from bats believed to have infected animals and people at a wild animal market in Wuhan .
The exact origin of the virus , however , remains a mystery .
–Washington Times “ This is one of the worst cover-ups in human history , and now the world is facing a global pandemic , ” said Texas GOP Rep. Michael T. McFoul – a ranking member of the House Foreign Affairs Committee .
McFoul believes China should be held @ @ @ @ @ @ @ a video from December funded by the Chinese government shows Tian collecting samples from captured bats and storing them in vials .
“ I am not a doctor , but I work to cure and save people , ” said Tian , adding “ I am not a soldier , but I work to safeguard an invisible national defense line.
” The mainstream theory behind the virus is that it crossed over to humans after first infecting an intermediary species – such as a pangolin .
Read the rest of the report here @ @ @ @ @ @ @ , April 2 , 2020 at 3:22 am


prisonplanet--2020-04-02--FLASHBACK: Nancy Pelosi Zones Out During State Of Union While President Trump Addresses Coronavirus…

FLASHBACK : Nancy Pelosi Zones Out During State Of Union While President Trump Addresses Coronavirus… Another one of Nancy ’ @ @ @ @ @ article was posted : Thursday , April 2 , 2020 at 3:19 am


prisonplanet--2020-04-02--In Surprise Tweet, Trump Warns ‘Iran Sneak Attack’ Coming – Tehran To Pay “Very Heavy Price”

For the US administration it appears now is as good a time as any to start a major proxy war with Iran inside Iraq .
Or perhaps the distraction of yet another Middle East war is just what the neocons ordered at a moment the United States and the world for that matter faces its biggest crisis since World War II in the form of the expanding deadly pandemic .
Wednesday afternoon the president tweeted out this stunner : “ Upon information and belief , Iran or its proxies are planning a sneak attack on U.S. troops and/or assets in @ @ @ @ @ @ @ will pay a very heavy price , indeed !
” For most , the events of January which almost took the US to war with Iran after the assassination of IRGC Quds Forces General Qassim Soleimani , likely feels light-years away into the distant past .
But here we are again , with Trump suddenly threatening “ Iran will pay a very heavy price ” — clearly a threat of military strike .
This after Pompeo and his gang of neocons and the State Department and Treasury have already ratcheted up sanctions further @ @ @ @ @ @ @ This also comes after last Friday the Pentagon was been ordered by Secretary of State Pompeo to begin planning to wipe out certain Iraqi militias which they believe are Iranian proxies , especially the large Kataib Hezbollah Shia militia .
However , the administration reportedly remains divided , given it would require an influx of thousands more American troops in Iraq , at a moment the Department of Defense is barely able to get a handle on containing the coronavirus outbreak in its ranks , which it should be noted has lately taken @ @ @ @ @ @ @ The dollar extended gains to session highs immediately following the provocative tweet , with the Bloomberg dollar index climbing up as much as 0.9 % on the day , reports Bloomberg .
This article was posted : Thursday , April 2 , 2020 at 3:18 am


prisonplanet--2020-04-02--Johnstone: People’s Skepticism About COVID-19 Is The Fault Of The Lying Mass Media

Johnstone : People ’ s Skepticism About COVID-19 Is The Fault Of The Lying Mass Media Coronavirus disinformation is the hot topic of the day , with pressure mounting on social media platforms to censor incorrect information about the virus and mainstream news outlets blaring dire warnings every day about the threat posed by the circulation of false claims about the pandemic .
“ As fast as the coronavirus has raced around the globe , it has been outpaced by a blinding avalanche of social media sorcery and propaganda related to the pathogen , much of it apparently originating in @ @ @ @ @ @ @ board .
“ As always when it comes to its relations with the West , Moscow ’ s main currency is disinformation , and it spends lavishly.
” This would be the same Washington Post who falsely assured us that the Bush administration had provided “ irrefutable ” proof that the government of Iraq had weapons of mass destruction .
The same Washington Post who falsely assured us that Russian hackers had penetrated the US electricity grid to cut off heat during the winter , and who circulated a McCarthyite blacklist of alternative @ @ @ @ @ @ @ compiled by a group of anonymous internet trolls .
The same Washington Post whose sole owner is a literal CIA contractor yet never discloses this brazen conflict of interest when reporting on the US intelligence community as per standard journalistic protocol .
If outlets like The Washington Post had done a better job of consolidating their reputation as a reliable news source instead of constantly deceiving their readers about very important matters , people would believe them instead of believing a “ blinding avalanche of social media sorcery ” ( and web wizardry @ @ @ @ @ @ @ net necromancy ) .
We ’ re seeing these urgent warnings about coronavirus disinformation and misinformation from mainstream outlets who ’ ve sold the public lies about war after war , election after election , status quo-supporting narrative after status quo-supporting narrative .
“ Here ’ s How to Fight Coronavirus Misinformation ” reads a headline by The Atlantic , whose editor-in-chief Jeffrey Goldberg once assured us that “ the coming invasion of Iraq will be remembered as an act of profound morality , ” and whose star writer is David “ Axis @ @ @ @ @ @ @ and Russia have seized on the coronavirus outbreak to wage disinformation campaigns that seek to undermine the U.S. and its handling of the crisis , rather than addressing public criticism of their own struggles with the pandemic , ” warns The New York Times , who played a leading role in the disinformation campaign to build support for the Iraq invasion and who aggressively pushed crazy-making Russia hysteria ( including famously retracting its bogus “ 17 intelligence agencies ” claim ) .
So it is understandable that people are suspicious and looking to @ @ @ @ @ @ @ which are warning them about the dangers of this virus and defending massive , unprecedented changes which have an immense impact on the lives of ordinary people have an extensive and well-documented history of lying about very important things .
People are aware of this , in their own ways and to varying degrees , and it doesn ’ t help that all the usual suspects are behaving in a way that feels uncomfortably familiar .
“ This pandemic will be more consequential than 9/11 .
It probably already is .
People just @ @ @ @ @ @ @ they still think — still feel — that once this is all over we ’ ll go back to the way things used to be .
We won ’ t , ” says The Bulwark , founder Bill Kristol was also the founder of the wildly influential think tank Project for a New American Century ( PNAC ) .
PNAC famously argued a year before the 9/11 attacks that the massive worldwide increase in US military interventionism they were promoting at the time would not be possible without “ some catastrophic and catalysing @ @ @ @ @ @ @ ” .
All of which miraculously came to pass .
I personally believe there ’ s enough evidence that this virus is sufficiently dangerous to justify many of the significant precautions nations have been taking ( though of course we must oppose and be vigilant against government overstepping into authoritarianism ) .
The statistics are still very blurry and unreliable , but the mountains of testimonies by rank-and-file medical staff pouring in from areas where the outbreak is bad constitute enough anecdotal evidence for me to believe that this virus can very easily @ @ @ @ @ @ @ ’ t collectively take drastic measures to contain it .
That said , I certainly can ’ t cast blame on people who believe the threat the virus poses is being greatly exaggerated .
Not because I think they ’ re right , but because you don ’ t blame a population who ’ s been constantly lied to for their disbelief in what they ’ re being told by the very political/media class which has been lying to them .
It ’ s not the fault of the rank-and-file public that they @ @ @ @ @ @ @ Facebook memes , right-wing pundits and the US president over the mainstream press ; it is the fault of the mainstream press themselves .
I ’ ve taken a lot of flack in conspiracy circles lately for my relatively normie stance on Covid-19 , but I also can ’ t really take it personally because it isn ’ t really their fault .
Not everyone has the time and the resources to independently comb through many disparate bits of information about a single topic and synthesize a lucid understanding of what ’ s @ @ @ @ @ @ @ to be the job of the press , but since they ’ ve neglected to do their job time and time again they lack the credibility to demand that people believe what they ’ re reporting .
So I never join in the loud finger-wagging and aggressive demonization of those who express doubt in what ’ s really going on with this thing .
I ’ ll leave that to those of a more mainstream bent , since they seem to enjoy it so much .
As for myself , I will continue @ @ @ @ @ @ @ so readily believed is the same as the reason Trump ’ s criticisms of the mainstream press are so readily believed : they have absolutely earned their garbage reputation .
The whole reason the world is the way it is right now is because people have been manipulated by the media-controlling class into accepting an absolutely insane status quo as normal .
That ’ s the only reason anyone believes it makes sense for so few to have so much while so many have so little , for trillions of dollars to be @ @ @ @ @ @ @ benefit no one but the rich and powerful , for the environment to be destroyed to make a few more millionaires into billionaires , for a demented right-wing racist warmonger to be running against another demented right-wing racist warmonger for the most powerful elected office on the planet .
The big lies happen once in a while , but these little lies of normalizing our insane status quo happen every single day .
On some level everyone is aware , however dimly , that our society is crazy and needs to change drastically @ @ @ @ @ @ @ that this is the opposite of the message they receive every day from the “ authoritative ” narrative-makers .
The crazier things get , the more this awareness will necessarily grow , and the less people will trust the billionaire media whose only purpose is to maintain the status quo upon which its owners have built their respective kingdoms .
You can ’ t blame people for being distrustful when you make them that way .
The people screaming the loudest about disinformation right now are the ones most responsible for it .
@ @ @ @ @ @ @ April 2 , 2020 at 3:15 am


prisonplanet--2020-04-02--Fed Panics As Foreigners Dump A Record $109 Billion In US Treasuries

Fed Panics As Foreigners Dump A Record $ 109 Billion In US Treasuries Exactly one week ago , when we highlighted the unprecedented surge in Fed Treasury purchases which since March 19 has amounted to $ 75BN per day until tomorrow when it tapers modestly to $ 60BN , we said that the Fed ’ s record ramp in debt monetization “ is hardly an accident : one look at the Treasury securities held in custody at the Fed shows that the past two weeks have seen a whopping $ 50BN in foreign central bank sales , a 1.7 % @ @ @ @ @ @ @ years.
” As we also noted , “ the selling may have contributed to record volatility in the Treasury market and prompted the Fed ’ s intervention .
More importantly , it also means that the biggest buyer of US Treasurys in the past decade , foreign official institutions ( i.e.
, central banks and reserve managers ) are now sellers , so now the U.S. government needs private investors to soak up the ever increasing debt issuance.
” But since private investors are busy , trying to avoid getting killed by a @ @ @ @ @ @ @ only the Fed now can fund the exploding US budget deficit… which is precisely what it has been doing , having purchased a record $ 912 billion in US Treasuries since the relaunch of official QE ( hence expanded to unlimited QE ) on March 13 .
But here a problem emerged : because while the Fed may have been hoping to stabilize the bond market and ease the ongoing liquidation of Treasurys by foreign official accounts , it failed , and in the week ending March 25 , the amount of Treasurys @ @ @ @ @ @ @ behalf of foreign accounts tumbled by a whopping $ 58BN , bringing the total weekly average to $ 2.891 trillion , the lowest since April 2017… when total US debt was nearly $ 4 trillion lower , or $ 19.8 trillion compared to $ 23.7 trillion today .
In total , in the turbulent month of March when global markets finally ended the longest bull market of all time , and crashed as much as 35 % , and when oil lost more than 50 % of its value overnight as Saudi Arabia @ @ @ @ @ @ @ virtually everyone else , Treasurys held in custody at the Fed on behalf of foreign central banks , sovereigns and reserve managers dropped by a record $ 109 billion – the biggest monthly drop in history .
Another indicator of central banks ’ positioning in Treasuries is primary dealer holdings , which tend to rise when official accounts are selling , according to Bloomberg .
And , indeed , according to lagged Fed data , Dealer holdings of Treasuries had surged to $ 272 billion as of March 18 , from $ 193 @ @ @ @ @ @ @ as foreigners sold their positions to Dealers .
“ The fall in custody holdings is a clear signal that foreign central banks – which have a lot of Treasury holdings – have been selling them to source dollars , ” Subadra Rajappa , head of rates at Societe Generale told Bloomberg .
“ They need access to dollars as a lot of their payments are in dollars and that has driven them to sell Treasuries.
” The ongoing liquidation in foreign Treasury holdings – largely the result of the continued collapse in the @ @ @ @ @ @ @ to liquidate assets to obtain much needed dollars – led to the Fed ’ s panicked scramble to announce a foreign central bank repo facility , which it did on Tuesday morning , when it stopped short of saying it wanted to prevent a cascading domino effect from the Treasury liquidation , but made it very clear that the program will provide “ an alternative temporary source of U.S. dollars other than sales of securities in the open market.
” Translation : stop selling Treasurys as the world ’ s ( formerly ?
@ @ @ @ @ @ @ extremely illiquid , and ongoing sales will only further destabilize it .
Credit Suisse rate strategist Jonathan Cohn echoed Rajappa saying the new repo facility “ effectively backstops foreign central banks from forced liquidation of their Treasury holdings into dysfunctional markets.
” The new repo program “ is a sensible second-best solution for major countries that are outside the enlarged Fed FX swaps network but have substantial corporate dollar funding needs , ” said former NY Fed spokesman Krishna Guha , currently head of central-bank strategy at Evercore ISI .
“ This group @ @ @ @ @ @ @ eligible for the new program , though the Fed release is not clear on this point.
” So will the Fed succeed in halting foreign Treasury sales thanks to the brand new repo facility ?
Or will foreign central banks skip the repo facility , just as US dealers have done for the past 2 weeks , and continue to liquidate forcing the Fed – that last resort monetizer of US deficit and debt issuance – to buy even more Treasurys each day ?
We ’ ll know the answer this time next @ @ @ @ @ @ @ released , and this time it will include the fully functioning foreign repo facility .
This article was posted : Thursday , April 2 , 2020 at 3:12 am


prisonplanet--2020-04-02--Researchers claim they might have discovered a mutated coronavirus sub-type after ‘finding a patient

Researchers claim they might have discovered a mutated coronavirus sub-type after ‘finding a patient who was infectious for a record period of 49 DAYS’

Researchers claim they might have discovered a mutated coronavirus sub-type after ‘ finding a patient who was infectious for a record period of 49 DAYS ’ Chinese researchers claim they may have discovered a new mutated sub-type of the novel coronavirus which has a prolonged ability to infect others .
Experts found an unusual case of a middle-aged man with COVID-19 disease who was infectious for 49 days – a record length of time never reported before .
However , the man ’ s symptoms were mild and the researchers said he appeared to have formed a ‘ dynamic balance @ @ @ @ @ @ @ chronic ’ case indicates a strain which can spread among people for weeks , even if the host doesn ’ t show many symptoms .
It appears harder to shake off , too .
The man needed to be injected with the blood of a COVID-19 survivor in order to recover .
The study was published on March 27 on medRxiv , a preprint site for scientific medical papers .
It means it hasn ’ t been scrutinised by other scientists yet .
The Chinese man , who has not been named , @ @ @ @ @ @ @ SARS-CoV-2 tests on February 8 , 2020 .
He stated that he had suffered an intermittent fever for around one week , but had no other common symptoms , such as a cough .
This article was posted : Thursday , April 2 , 2020 at 3:10 am


prisonplanet--2020-04-02--Coronageddon: Pentagon Ordering 100,000 Body Bags

The Pentagon is aiming to provide 100,000 body bags to FEMA for civilian use as the coronavirus outbreak explodes in the US , according to reports .
Bloomberg News notes that FEMA has been directed to the Defense Department to secure a frightening number of ‘ Human Remains Pouches ’ .
Two sources familiar with the order said that the Pentagon has a stockpile of 50,000 body bags , which it is seeking to double .
The Defense Logistics Agency has said it wants the body bags as soon as they are ready , with a source indicating that the @ @ @ @ @ @ @ contractor for delivery .
A FEMA spokesman confirmed with Bloomberg that “ prudent planning ” is being put in place , including preparing for “ mortuary contingencies ” .
The report also notes that the Pentagon has received “ a mission assignment from FEMA for a mortuary affairs support team for New York ” and is “ in the process of identifying ” personnel , according to Major General Jeff Taliaferro , the Vice Director for Operations of the Joint Chiefs of Staff .
Hospitals in New York and New Jersey have also @ @ @ @ @ @ @ bodies in areas where storage is running out , the report adds .
The government has projected that up to 200,000 Americans could die from the Chinese virus in the coming weeks , even with another month of social distancing restrictions in place .
Vice President Mike Pence said Wednesday that the US is on a coronavirus trajectory similar to Italy , saying that he hopes the worst will be over by June .
Pence also said “ the reality is that we could have been better off if China had been more @ @ @ @ @ @ @ Fox News , Pence said that the numbers Americans are hearing are “ just projections , ” and “ we ’ ll lower the number of losses.
” On Wednesday , President Trump warned Americans that the country will face a “ horrific ” period in the next fortnight “ But even in the most challenging of times Americans do not despair , we do not give into fear.
” Trump added , proclaiming “ We persevere , we overcome and we win.
” This article was posted : Thursday , April 2 @ @ @ @ @


prisonplanet--2020-04-02--US Intelligence Report Concludes China “Concealed The Extent Of The Coronavirus Outbreak”

US Intelligence Report Concludes China “ Concealed The Extent Of The Coronavirus Outbreak ” A classified intelligence report submitted to the White House has concluded that China under reported the amount of coronavirus cases and deaths within its borders , and actively worked to conceal the severity of the outbreak .
Bloomberg News cited three officials familiar with the report , noting that While it has been clear since January that China is lying about the virus , the western media , as well as the World Health Organisation has continued to parrot Chinese state media talking points .
Johns @ @ @ @ @ @ @ publicly reported only about 82,000 cases and 3,300 deaths .
Those figures have already been eclipsed in Italy , Spain , France and the US .
China is now rescinding lockdown orders and reopening affected areas , despite underreporting cases of coronavirus , by omitting , for weeks , asymptomatic carriers , and repeatedly revised its methodology for counting .
Already , new clusters of coronavirus outbreaks are being reported in the country .
Earlier this week , Dr. Deborah Birx , the coordinator of the White House Coronavirus Task Force , slammed @ @ @ @ @ @ @ that it misled scientists on the seriousness of the outbreak .
“ I think the medical community interpreted the Chinese data as that this was serious but smaller than anyone expected , ” she declared .
“ Because I think probably we were missing a significant amount of the data.
” Dr. Birx added that she and other experts felt they were seeing an outbreak comparable to SARS when reviewing the Chinese data .
However , SARS only had 8,098 cases globally and 774 deaths , numbers that now seem hopelessly out of @ @ @ @ @ @ @ In 2003 , The New York Times reported that China admitted to under-reporting the total number of SARS cases .
Responding to news of the new US intelligence report , Hu Xijin , editor-in-chief of China ’ s state-run Global Times , declared that it is an attempt to divert attention from surging deaths in American and Europe .
“ To fake the casualty data , which departments will be deployed ?
Who will implement the plan ?
, ” Hu said , adding “ It will involve many different departments in many @ @ @ @ @ @ @ If one of them is faking once , they have to fake it all the time .
The risk of screwing up could be very high.
” U.S. Secretary of State Mike Pompeo has continually blasted China ’ s “ intentional disinformation campaign , ” and it is clear that the latest US intelligence report on China ’ s subterfuge dovetails with the British government ’ s outlook , with scientific advisors having estimated that things could be 40 times worse in China than the communist state admits .
“ There is a @ @ @ @ @ @ @ is unacceptable , ” an anonymous government source told The Daily Mail last week .
“ They [ the Chinese government ] know they have got this badly wrong and rather than owning it they are spreading lies.
” the source added .
Ever since the outbreak began in December , it has been acknowledged that China has been lying about the true numbers .
A scientific study out of the University of Southampton in the UK found that had China acted sooner to combat their coronavirus , then the further spread could @ @ @ @ @ @ @ it would not have become a global pandemic .
It has become clear that the first cases of the Chinese virus were reported in mid-late November and early December , with scientists even estimating that the first jump of the virus from animals to humans probably occurred in October in the city of Wuhan .
Instead of acting immediately , the Chinese government waited until January 23rd before issuing quarantine orders to the 11 million people living in Wuhan .
The communist state was also actively working to suppress and punish doctors and @ @ @ @ @ @ @ , and lied to the world by claiming there was “ no evidence ” of human-to-human transmission .
This article was posted : Thursday , April 2 , 2020 at 9:25 am


prisonplanet--2020-04-02--Video: Woman Threatens to Call Police on Neighbor For Violating Lockdown

Video : Woman Threatens to Call Police on Neighbor For Violating Lockdown A video posted to Facebook shows a woman threatening to call the police on her neighbor for violating the coronavirus lockdown .
The clip is titled ‘ When your nosey neighbor catches you leaving during the lockdown ’ and shows an angry woman confronting a young man as he sits behind the wheel of his car .
“ Your ass is grass , you understand ?
” says the woman as she waves her phone at the man .
She then bangs on the window before saying , @ @ @ @ @ @ @ ” “ Alright I will , I ’ ll be looking out for those cops , ” he responds .
“ You ’ re supposed to be sheltering in place , go ahead put me on social media , ” adds the woman .
“ And seriously , I ’ ve called the cops , I can ’ t wait , ” she tells the man who responds , “ I ’ m so scared , I ’ m so scared , ” before driving away .
The clip was originally uploaded to @ @ @ @ @ @ @ woman is referred to as Karen , which is a meme young people use to denote an obnoxious , interfering adult female who always tries to ruin teenage fun .
As we previously highlighted , in addition to snitching on people who violate lockdown orders , some Americans are even grassing their neighbors up to authorities if they hear them coughing or sneezing .
“ Coachella Valley police departments say they ’ ve started fielding 911 reports from concerned callers convinced a neighbor ’ s overly loud sneeze or hacking cough is proof @ @ @ @ @ @ @ reported the Desert Sun .
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This article was posted : Thursday , April 2 , 2020 at 7:44 am


prisonplanet--2020-04-02--Fauci Says Lockdown Will Continue Until There Are No “New Cases” of Coronavirus

Fauci Says Lockdown Will Continue Until There Are No “ New Cases ” of Coronavirus That isn ’ t going to be any time soon .
Dr. Anthony S. Fauci says that the United States will not come out of lockdown until there are no “ new cases ” of coronavirus , prompting some to question precisely how long that will be .
During yesterday ’ s White House briefing , Fauci , who has become the face of America ’ s response to the coronavirus , was asked by a reporter whether social distancing measures will be imposed until @ @ @ @ @ @ @ treat COVID-19 .
“ I think if we get to the part of the curve that Dr. Birx showed yesterday when it goes down to essentially no new cases , no new deaths at a period of time .
I think it makes sense that you will have to relax social distancing , ” Fauci said .
“ The one thing we hopefully would have in place , and I believe we will have in place , is a much more robust system to be able to identify someone who was infected , @ @ @ @ @ @ @ , ” he added .
The prospect of there ever being zero new coronavirus cases appears to be a very long way off , leading some to question if Fauci was asking Americans to adopt social distancing indefinitely , or at least until a vaccine is available .
“ Fauci said that we can start to “ relax ” social distancing once there are “ no new cases , no deaths.
” Is it just me or is that completely batshit insane ?
” asked Matt Walsh .
“ That would keep us @ @ @ @ @ @ @ years .
And if the virus becomes endemic , forever .
How can that be the plan ?
” “ No kidding .
We would need to assume that any vaccine would be immediately available , 100 % effective , 100 % of the population has access to it , and 100 % of the population takes it , ” commented another respondent .
“ Sounds like they ’ ll eventually have to keep us “ temporarily ” locked in our homes .
No cars on the road .
No people at stores @ @ @ @ @ @ @ guard will start leaving a box of food on our doorsteps every 3 days .
And everyone will be ok with it , ” added another .
Italy is already experiencing looting and civil unrest as a result of lockdown measures .
Experts have suggested that this could be a massive problem everywhere if authorities attempt to quarantine entire countries for too long .
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This article was posted : Thursday , April 2 , 2020 at 7:42 am


prisonplanet--2020-04-03--REPORT: Oil Prices May Drop to ‘Below Zero’ As Prices Rise Again

REPORT : Oil Prices May Drop to ‘ Below Zero ’ As Prices Rise Again Due to the global Covid-19 pandemic which has led to severe travel restrictions in order to slow the spread of the deadly coronavirus , storage space for oil may evaporate as gasoline is markedly underused .
The severe travel restrictions , as a result of social distancing recommendations and forced quarantining , has meant that a significant number of international flights have been grounded and local road travel immensely curtailed .
According to the piece by CNN Business , as Saudi Arabia and Russia have @ @ @ @ @ @ @ supply has remained constant amid the global crisis .
The author asserts “ That could mean a supply glut so epic that the world will soon run out of room to store all the unneeded barrels of oil.
” However , the price war may cause prices to bounce back , with Brent Crude Oil jumping 10 % to $ 27 a barrel .
Trump , at a White House Press Conference , said “ It ’ s very bad for Russia , it ’ s very bad for Saudi Arabia .
I @ @ @ @ @ @ @ for both .
I think they ’ re going to make a deal.
” The US President also expects the two countries to “ work it out over the next few days.
” Jeff Wyll , senior energy analyst at Neuberger Berman , said “ The market is starting to signal that not only is there no demand for this crude , eventually there could be nowhere for it to go , ” which is something which has not happened in over twenty years .
On Monday , oil fell by 7 % @ @ @ @ @ @ @ the worst quarter on record as it plunged by two-thirds in the first three month , according to The BBC .
US crude plunged nearly 7 % and finished at an 18-year low of $ 20.09 a barrel Monday as the coronavirus pandemic continues to deal a devastating blow to energy demand .
At session lows , oil touched $ 19.27 a barrel — the weakest intraday price since February 2002 .
Brent crude , the world ’ s benchmark , tumbled as much as 13 % and fell to as low as @ @ @ @ @ @ @ point in 18 years .
Brent settled at $ 22.76 a barrel , the lowest close since November 2002 .
The recent oil glut saw a Wyoming crude grade bid for at negative 19 cents a barrel .
However , the oil was sourced far from water which plunged its price into negative territory .
Gas extracted from West Texas also traded in the negative due to a lack of local pipelines , making distribution very difficult .
A fall in shale oil production–due to production costs–may have also contributed to a rise @ @ @ @ @ @ @ in supply .
Former Energy Secretary Rick Perry recently appeared on Tucker Carlson Tonight to warn Americans and President Donald Trump that a massive reduction in oil prices would jeopardize the United States ’ national security .
This article was posted : Friday , April 3 , 2020 at 5:28 am


prisonplanet--2020-04-03--Hundreds of Journalists Are Being Labelled Non-Essential, Laid Off or Given Reduced Salaries

Hundreds of Journalists Are Being Labelled Non-Essential , Laid Off or Given Reduced Salaries As the coronavirus pandemic rages on , damaging both the stock market and the labor economy , journalists and corporate media employees are starting to face the prospect of long-term unemployment .
On March 27 , CNN published an article titled “ Hundreds of journalists are being laid off , right when the public needs them the most ” which bemoaned nationwide journalist layoffs .
The piece reports that Buzzfeed has sent out a staff memo which says “ the impact of the coronavirus on the @ @ @ @ @ @ @ company to lose money , even as we take aggressive action to control costs.
” Buzzfeed is now reducing salaries and cutting expenses across the board .
Men ’ s Journal has laid off its editorial staff , and Gizmodo Media Group , which owns the left-wing outlets Deadspin , Jezebel , The Root , Kotaku and Jalopnik , that described the company ’ s situation as “ nothing short of terrifying ” : “ This will not be an easy nor fun period for our company let alone just about any other @ @ @ @ @ @ @ sure you have all been following the news around the overall economic picture and how disturbing it is , as well as the stock market dive that has been nothing short of terrifying .
This will hurt.
” A California law has also forced corporate media outlet Vox to cut ties with hundreds of freelance contributors who live in California .
CNN reports that over 300 local journalists have lost their jobs as of last Friday .
Unlike other countries , the United States government does not appear to have plans to bail @ @ @ @ @ @ @ press has previously come under fire for instances of reporters reveling in layoffs of blue-collar workers , including the rise of the now-infamous “ learn to code ” meme .
Last week , UFC president Dana White lashed out at a reporter that he said was reveling in a story about layoffs at the UFC ’ s parent company Endeavor : “ ( Wednesday ) , this scumbag posted a story that says ‘ UFC hit with layoffs , ’ and he was literally gloating about it , ” White said .
“ @ @ @ @ @ @ @ not true .
I ’ m going to tell you guys again : Most of what you read is not true .
Literally these scumbags write lies and this guy was gloating about it and saying stuff like , ‘ Hey Dana , you have bosses now .
You should check with them before you whatever.
’ No I don ’ t .
You don ’ t know anything about this ( expletive ) situation , and you definitely know nothing about the sport , you jerk off .
“ And for somebody @ @ @ @ @ @ @ reporter to be gloating about people losing their jobs … I said it before , you piece of ( expletive ) : Nobody will lose their job at the UFC .
Nobody is getting laid off .
It ’ s not gon na happen .
The other side of Endeavor laid some people off .
I ’ m not laying anybody off .
It ’ s not gon na happen.
” White also castigated the media for demanding that he cancel upcoming UFC events last week .
This article was posted : Friday @ @ @ @ @ @ @ am


prisonplanet--2020-04-03--VIDEO: Man With Coronavirus Spits at Man’s Face, Later Drops Dead

VIDEO : Man With Coronavirus Spits at Man ’ s Face , Later Drops Dead A sickening video from Thailand has emerged showing a man , sick with the deadly coronavirus , spit in an unsuspecting man ’ s face .
It was revealed that the assailant had dropped dead a little later , close to Thap Sakae district station .
The man tested positive for Covid-19 post-mortem , prompting officials to disinfect the carriage and urge fellow travelers who may have come into contact with the man to self-isolate for 14 days .
According to Inquisitr , a list @ @ @ @ @ @ @ into contact with the infected man has been drafted .
Eleven of these passengers have now been quarantined .
The spitter , Anan Sahoh , 56 , was later found unresponsive slumped over a seat in a carriage after the disgusting assault .
Sahoh had been traveling from Bangkok to Narathiwat , in the south of Thailand , according to The Sun .
It was also believed by authorities that he had traveled back from Pakistan as he was deemed “ fit to fly.
” He also passed a temperature check at Suvarnabhumi @ @ @ @ @ @ @ in front of him outside of the Bang Sue station ’ s ticket box , even though , according to the footage , Sahoh was dependent on a crutch to move about .
Local authorities are desperately attempting to reach the spitting victim as he may be infected with the coronavirus .
A State Railway of Thailand spokesman said : “ We are now worried about a man that was spat at in the security camera footage .
“ Initially , we coordinated with the railway police but they have not found him @ @ @ @ @ @ @ if anyone knows him or if he has heard about the news , then he should please go to the hospital immediately.
” The King of Thailand recently made headlines after it was revealed that he had been holed up at a luxury hotel in Germany with his harem of 20 women , as part of his coronavirus self-isolation .
The monarch ’ s actions drew protests as the country struggles with the pressure piled on by the coronavirus pandemic .


prisonplanet--2020-04-03--Seattle Police Chief Tells Citizens to Call 911 If They Hear ‘Racist Name-Calling’

Seattle Police Chief Tells Citizens to Call 911 If They Hear ‘ Racist Name-Calling ’ While America is experiencing one of the most crippling pandemics in a century , Seattle Police Chief Carmen Best is encouraging citizens to “ please call 911 ” if they hear “ racist ” name-calling .
From Reason , “ Seattle Police Chief Tells People To Call 911 If They Hear ‘ Racist Name-Calling ' ” : Seattle ’ s top cop may want to get her priorities straightened out .
In the midst of the global COVID-19 pandemic , Police Chief Carmen Best used @ @ @ @ @ @ @ brief ” update on the coronavirus crisis to urge residents to dial 911 if they are the victims of racist name-calling .
It ’ s a time-wasting imperative—and one that ’ s at odds with the First Amendment .
In her briefing , Best called upon the expertise of a former local news anchor , Lori Matsukawa .
“ Hate crimes have no place in our community , ” said Matsukawa .
“ We are all trying to deal with the COVID-19 public health crisis together .
If you are a victim of @ @ @ @ @ @ @ please call 911.
” “ We will document and investigate every reported hate crime , ” Best continued .
“ Even racist name-calling should be reported to police .
If you aren ’ t sure if a hate crime occurred , call 911 .
We are here to help.
” If you thought 911 was just for emergencies , you were wrong .
911 is there to walk people through whether being called a “ racist ” name is a “ hate crime ” or not !
Perhaps next our 911 operators should @ @ @ @ @ @ @ accordance with the “ progressive stack ” — i.e .
respond to cases from black , brown , trans , non-binary and latinx bodies first while placing straight , heteronormative , cis white males on hold to make them “ check their privilege ” !
This article was posted : Friday , April 3 , 2020 at 5:17 am


prisonplanet--2020-04-03--Global Survey: Doctors Rate Chloroquine ‘Most Effective Therapy’ For Coronavirus

A newly released international survey of 6,227 doctors in 30 countries found hydroxychloroquine or chloroquine was rated as the “ @ @ @ @ @ .
“ The survey conducted by Sermo , a global health care polling company … @ @ @ @ @ those treating COVID-19 patients rated hydroxychloroquine as the ‘ most effective therapy ’ from a @ @ @ @ @ ” The Washington Times reports .
“ Azithromycin , known by the brand name Zithromax @ @ @ @ @ the second-most effective therapy at 32 % , followed by ‘ nothing , ’ analgesics @ @ @ @ @ anti-HIV drugs and cough medicine.
” Multiple small scale studies have come out suggesting hydroxychloroquine @ @ @ @ @ the coronavirus .
Several large-scale studies are currently being carried out in France and America @ @ @ @ @ s efficacy at both preventing and curing the virus .
This article was posted : @ @ @ @ @ 2020 at 5:16 am


prisonplanet--2020-04-03--German scientist casts doubt on how coronavirus is spread – as experts comb ‘Germany’s Wuhan’ for se

German scientist casts doubt on how coronavirus is spread – as experts comb ‘Germany’s Wuhan’ for secrets about bug

German scientist casts doubt on how coronavirus is spread – as experts comb ‘ Germany ’ s Wuhan ’ for secrets about bug A leading scientist has cast doubts on how the coronavirus is spreading across the globe as a team of experts prepare to head out to a village that has been dubbed ‘ Germany ‘ s Wuhan ’ , where they hope to unlock vital information about the bug .
Prof Hendrik Streeck , director of the Institute of Virology at the University Hospital in Bonnhas , said Covid-19 might not be spread as easily as people first @ @ @ @ @ @ @ in one of Germany ’ s worst-hit regions showed that the home of one infected family did not have ‘ any live virus on any surface ’ , adding even more questions as to how the virus is spread from person to person .
The small village of Heinsberg , next to the Dutch border , is Germany ’ s worst-hit area and is home to the country ’ s most serious Covid-19 outbreak .
Across Germany as a whole there have been 79,696 confirmed cases of the coronavirus and 1,017 deaths .
@ @ @ @ @ @ @ have around 1,302 confirmed cases and has had 37 deaths in a population of around 250,000 .
Prof Streeck said the virus had not even been found on door knobs or animal fur .
He told German TV that there had been ‘ no proven infections while shopping or at the hairdressers ’ .
This article was posted : Friday , April 3 , 2020 at 5:04 am


prisonplanet--2020-04-03--Peter Schiff: It’s Not Going To Be Fine

Peter Schiff: It’s Not Going To Be Fine

Peter Schiff : It ’ s Not Going To Be Fine We just wrapped up the worst first quarter in the history of the US stock market .
Think about that in context .
Even during the dark days of the Great Depression , there has never been a worse start to a year for the US stock market than 2020 .
Nevertheless , there are still a lot of people out there who think this is going to be a short bear market .
As Peter Schiff put it in his podcast , that ’ s because they ’ @ @ @ @ @ @ @ They ’ re still looking at the fact that ‘ Oh , this is man-made.
’ I keep hearing people saying , ‘ We did this to ourselves .
This is not a real bear market .
This is not a real recession.
’ You know , because we decided to shut down the economy .
So , all we have to do is decide to start it back up again and everything is going to be fine.
” Further driving this myth is the notion that as long as the Federal Reserve @ @ @ @ @ @ @ and then to bail everybody out , everything will be OK .
This is all wishful thinking .
It ’ s all part of the delusion .
It ’ s not going to be fine .
Because it wasn ’ t fine before the crisis .
We didn ’ t have a solid economy .
We had a bubble .
That ’ s the problem .
And the bubble has been pricked .
There is no way to go back to where we were .
It ’ s like trying to unscramble an @ @ @ @ @ @ @ done.
” The markets and the economy are scrambled .
You can ’ t put it back the way it was .
In an interview on the Tom Woods show , Doug Casey argued that what we ’ re seeing today is really an extension of the 2008 financial crisis .
The financial crisis that started in 2008 , view it as entering the leading edge of a gigantic hurricane .
And we went through that leading edge and you ’ ll recall , it was quite scary and unpleasant in 2008 and @ @ @ @ @ @ @ ve been in the eye of the storm since then .
Big hurricane , big eye .
But now we ’ re entering into the trailing edge of the storm , and it ’ s going to be much longer-lasting and much worse and much different than what we had back in 2008 , 9 and 10.
” Casey went on to make the exact same point as Peter .
Peter summed it up this way .
Now some people will argue the Fed and the government managed to put it back together @ @ @ @ @ @ @ than a decade of easy-money policy , they were able to reflate the bubble .
But that merely created the eye of the storm .
It ’ s didn ’ t make the storm go away .
In fact , the Fed ’ s cure actually made the storm worse .
Regardless , the mainstream is hailing the Federal Reserve and the US government ” t as the “ savior of the economy .
Peter said that the idea is ludicrous .
They think these guys are saving the economy .
Just like @ @ @ @ @ @ @ – Ben Bernanke .
They said he was the savior of the economy .
He didn ’ t save the economy .
He set us up for this collapse .
It ’ s the free market that would have saved the economy .
Not these central planners .
I mean , do you think the way to save capitalism is to have the government micromanage and centrally plan that recovery ?
To pick the winners and losers ?
To funnel bailout money to whoever they want ?
Is that it ?
Does central @ @ @ @ @ @ @ worked.
” They can ’ t save the economy .
But they ’ re trying to save the bubble .
Peter said that is a mistake .
In fact , it ’ s exactly what they did before and that brought us to where we are today .
Furthermore , Peter says he doesn ’ t think they can reflate the bubble again .
in other words , all of the Fed ’ s efforts to “ help ” are actually hurting .
In an earlier podcast , Peter said that hyperinflation has @ @ @ @ @ @ @ most probable scenario .
This article was posted : Friday , April 3 , 2020 at 5:00 am


prisonplanet--2020-04-03--Bill Gates Slams White House, Insists US Needs “National Social Isolation Policy” To Combat COVID-19

Bill Gates Slams White House , Insists US Needs “ National Social Isolation Policy ” To Combat COVID-19 Bill Gates has been warning about the risk of a global pandemic for years .
And since the novel coronavirus slammed the US , he ’ s been advocating a “ super painful ” 10-week national shutdown that has earned him plenty of criticism for being an out-of-touch billionaire ( just like when he suggested that the biggest contributor to poverty in Africa was too many poor Africans being born ) And yesterday , Gates opened himself to critics once again by @ @ @ @ @ @ @ where he obliquely criticized the Trump Administration ’ s approach to combating the virus , and suggested an alternative that sounded like something that might be possible in the world from The Jetsons .
Yeah , humanity ( and the US in particular ) has made some pretty big strides in the worlds of big data and AI in recent years , but we suspect that American government ’ s capabilities aren ’ t quite advanced enough to permit for the seamless and flawless allocations of vital medical resources and semi-automated contact tracing @ @ @ @ @ @ @ to how the US can “ catch up ” in its battle against the coronavirus includes some more practical tips , too , like recommending a mandatory national shutdown that the Trump Administration has specifically said it is opposed to doing ( Florida only finally closed the last of the state ’ s beaches when Gov .
DeSantis caved to critics and issued a sweeping lockdown order yesterday ) .
Still , several states have only “ recommended ” that people WFH and avoid public places…if and when possible .
He brings up @ @ @ @ @ @ @ Cuomo ’ s criticism of the federal government essentially forcing states to bid for vital resources .
And finally : Running more rapid trials to find effective treatments while drug companies race to find a vaccine ( kind of like what was done here ? )
This article was posted : Friday , April 3 , 2020 at 4:58 am


prisonplanet--2020-04-03--Trump Issues Order Compelling Companies To Supply Ventilator-Makers “To Save American Lives”

President Donald Trump issued an order under the Defense Production Act to speed production of ventilators after state officials raised @ @ @ @ @ for coronavirus patients .
Trump signed an executive order directing the Department of Health and @ @ @ @ @ for : The order does not name the suppliers to companies manufacturing ventilators .
Trump @ @ @ @ @ order would “ more fully ensure that domestic manufacturers can produce ventilators needed to save @ @ @ @ @ was posted : Friday , April 3 , 2020 at 4:55 am


prisonplanet--2020-04-03--Amazon Bans Sale Of N95 And Surgical Masks To General Public

Amazon Bans Sale Of N95 And Surgical Masks To General Public Amazon has banned the sale of N95 and surgical masks to the general public , claiming it would restrict sales to hospitals and government organizations dealing with the COVID-19 pandemic .
The ban took effect April 1 , according to Recode , after the company said in a forum for Amazon sellers that the ban includes “ facial shields , surgical gowns , surgical gloves , and large-volume sanitizers.
” Hospitals and governments can qualify to purchase said items by filling out a form , while Amazon will be @ @ @ @ @ @ @ in order “ to encourage our selling partners to make additional inventory of these products available at competitive prices to these customers with the greatest need.
” The move is the latest drastic change Amazon has made to its business practices amid the global pandemic that has upended billions of lives and economies across the globe .
Amazon has become a lifeline to essential goods during this time for millions of customers ordered to stay at home and those fearful of shopping in stores during the crisis .
In mid-March , faced with @ @ @ @ @ @ @ Europe due to the pandemic , Amazon instituted sweeping changes on which products it will store and ship from its warehouses , in a move it said was aimed at keeping essential items in stock and speeding up orders .
–Recode Two weeks ago , the Seattle-based e-retailer said that it would be “ temporarily prioritizing household staples , medical supplies , and other high-demand products coming into our fulfillment centers so that we can more quickly receive , restock and deliver these products to customers , ” meaning it will no longer @ @ @ @ @ @ @ items through at least April 5 .
The company will continue to sell products on its websites , however sellers listing discretionary items will have to wait to ship them on their own if they aren ’ t already in – or on their way , to an Amazon warehouse .
Products which can be shipped include : “ baby products , health and household , beauty and personal care , grocery , industrial and scientific , and pet supplies.
” Third-party resellers who participate in the Fulfillment by Amazon program , as @ @ @ @ @ @ @ to the company were notified of the changes .
“ We are seeing increased online shopping , and as a result , some products , such as household staples and medical supplies , are out of stock , ” said an Amazon spokesperson in a statement , adding “ We understand this is a change for our selling partners and appreciate their understanding as we temporarily prioritize these products for customers.
” With governments across the globe recommending and even mandating that people stay inside during the pandemic , more shoppers are turning @ @ @ @ @ @ @ visiting brick-and-mortar stores .
But the rush of shopping in select categories has meant frequent out-of-stock messages for items ranging from hand sanitizer and hand soap to face masks , as well as sellers taking advantage of low supply by attempting to price-gouge customers .
This restriction on which items it will store in warehouses — coupled with Amazon ’ s announcement that it was hiring 100,000 warehouse workers to keep up with surging demand — highlights the level at which consumers are relying on online shopping during the pandemic .
At the @ @ @ @ @ @ @ a realization that even the endless digital aisles of Amazon ’ s Everything Store , and Amazon ’ s logistics prowess , were not built to fully sustain the change in consumer behavior that the pandemic has forced essentially overnight .
–Recode News of the changes were greeted with panic – as third-party sellers logged in to find that their business was about to suffer a serious setback .
“ Amazon just put tons of businesses out of business , ” said one seller on Amazon ’ s forum .
“ Destroyed thousands @ @ @ @ @ @ @ joke .
Absolute joke .
No warning .
Expect major lawsuits coming from sellers who now will go bankrupt.
” “ It ’ s not doable , ” wrote another seller .
“ Most of us do not have the infrastructure in place .
We do not have the boxes or packing material to do this.
” Amazon said in the notice that they understand “ this is a change to your business , and we did not take this decision lightly.
” Others were ok with the move , such as Will @ @ @ @ @ @ @ Goat Consulting – who think it was a good move , and that sellers will be able to weather the storm .
“ I am happy Amazon is focusing on fulfilling essential items over figuring how to ship couches or flatscreen TVs , ” he said .
This article was posted : Friday , April 3 , 2020 at 4:53 am


prisonplanet--2020-04-03--Federal Prison System Goes Into Lockdown Mode To Prevent Virus Outbreak

Federal Prison System Goes Into Lockdown Mode To Prevent Virus Outbreak The Bureau of Federal Prisons ( BOP ) issued an order this week , directing all prisons to lockdown facilities and keep inmates in cells for two weeks .
The order will affect 122 federal prison facilities across the country .
Bureau Director Michael Carvajal activated “ Phase 5 of its COVID-19 Action Plan ” on April 1 .
Here are the following “ Phase 5 ” actions that BOP will conduct to “ further mitigate the exposure and spread of COVID-19 : ” • For a 14-day period @ @ @ @ @ @ @ secured in their assigned cells/quarters to decrease the spread of the virus .
This modification to our action plan is based on health concerns , not disruptive inmate behavior .
• During this time , to the extent practicable , inmates should still have access to programs and services that are offered under normal operating procedures , such as mental health treatment and education .
• In addition , the Bureau is coordinating with the United States Marshals Service ( USMS ) to significantly decrease incoming movement during this time .
• After @ @ @ @ @ @ @ reevaluated and a decision made as to whether or not to return to modified operations .
• Limited group gathering will be afforded to the extent practical to facilitate commissary , laundry , showers , telephone , and Trust Fund Limited Inmate Computer System ( TRULINCS ) access .
However , “ Phase 5 ” did not include any new measures that would protect guards and other prison staff employees from contracting the virus .
Last week , the BOP said it had “ increased ” COVID-19 screening for inmates and staff as @ @ @ @ @ @ @ .
New prisoners are to be quarantined for two weeks before placed into the system , while no visitors are allowed during the pandemic .
We recently noted that the pandemic had turned the country ’ s jails and prisons into ticking time bombs that could amplify the public health crisis .
The prison system across the country has been thrown into crisis .
Earlier this week , chief doctor at Rikers Island , New York City ’ s largest jail , warned that a “ public health disaster is unfolding before our @ @ @ @ @ @ @ were released early this week to reduce the spreading of the virus in the jail system .
The trend across the country has been much of the same , as prisoners test positives for the infection , more are being released early to avoid an outbreak .
This article was posted : Friday , April 3 , 2020 at 4:51 am


prisonplanet--2020-04-03--Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencie

Here Comes The Next Crisis: Up To 30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History”

Here Comes The Next Crisis : Up To 30 % Of All Mortgages Will Default In “ Biggest Wave Of Delinquencies In History ” Unlike in the 2008 financial crisis when a glut of subprime debt , layered with trillions in CDOs and CDO squareds , sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers , this time the housing sector is facing a far more conventional problem : the sudden and unpredictable inability of mortgage borrowers to make their scheduled monthly payments as the entire economy grinds to a halt due to the @ @ @ @ @ @ @ the crisis will be far worse , because as Bloomberg reports mortgage lenders are preparing for the biggest wave of delinquencies in history .
And unless the plan to buy time works – and as we reported earlier there is a distinct possibility the Treasury ’ s plan to provide much needed liquidity to America ’ s small businesses may be on the verge of collapse – an even worse crisis may be coming : mass foreclosures and mortgage market mayhem .
Borrowers who lost income from the coronavirus , which is already @ @ @ @ @ @ @ new jobless claims in the past two weeks attests , can ask to skip payments for as many as 180 days at a time on federally backed mortgages , and avoid penalties and a hit to their credit scores .
But as Bloomberg notes , it ’ s not a payment holiday and eventually homeowners they ’ ll have to make it all up .
According to estimates by Moody ’ s Analytics chief economist Mark Zandi , as many as 30 % of Americans with home loans – about 15 million households @ @ @ @ @ @ @ economy remains closed through the summer or beyond .
“ This is an unprecedented event , ” said Susan Wachter , professor of real estate and finance at the Wharton School of the University of Pennsylvania .
She also points out another way the current crisis is different from the 2008 GFC : “ The great financial crisis happened over a number of years .
This is happening in a matter of months – a matter of weeks.
” Meanwhile lenders – like everyone else – are operating in the dark , with @ @ @ @ @ @ @ duration of the pandemic or the damage it will wreak on the economy .
If the virus recedes soon and the economy roars back to life , then the plan will help borrowers get back on track quickly .
But the greater the fallout , the harder and more expensive it will be to stave off repossessions .
“ Nobody has any sense of how long this might last , ” said Andrew Jakabovics , a former Department of Housing and Urban Development senior policy adviser who is now at Enterprise Community Partners @ @ @ @ @ @ @ “ The forbearance program allows everybody to press pause on their current circumstances and take a deep breath .
Then we can look at what the world might look like in six or 12 months from now and plan for that.
” But if the economic turmoil is long-lasting , the government will have to find a way to prevent foreclosures – which could mean forgiving some debt , said Tendayi Kapfidze , Chief Economist at LendingTree .
And with the government now stuck in “ bailout everyone mode ” , the risk @ @ @ @ @ @ @ too great because it would damage financial markets and that could reinfect the economy , he explained .
“ I expect policy makers to do whatever they can to hold the line on a financial crisis , ” Kapfidze said hinting at just a trace of a conflict of interest as his firm may well be next to fold if its borrowers declare a payment moratorium .
“ And that means preventing foreclosures by any means necessary.
” Take for example Laura Habberstad , a bar manager in Washington , D.C. , who @ @ @ @ @ @ @ needs time to catch up .
The coronavirus snatched away her income , as it has for millions , and replaced it with uncertainty .
The restaurant and beer garden where she works was forced to temporarily shut down .
Laura has no idea when she ’ ll get her job back , nor does she have any idea how to look for a new job .
After all , how do you search for another hospitality job during a global pandemic ?
Now she ’ s living in Oregon with her mother @ @ @ @ @ @ @ to close .
“ I don ’ t know how I ’ m going to pay my mortgage and my condo dues and still be able to feed myself , ” Habberstad said .
“ I just hope that , once things open up again , we who are impacted by Covid-19 are given consideration and sufficient time to bring all payments current without penalty and in a manner that does not bring us even more financial hardship.
” Borrowers must contact their lenders to get help and avoid black marks on their @ @ @ @ @ @ @ the stimulus package passed by Congress last week .
Bank of America said it has so far allowed 50,000 mortgage customers to defer payments .
That includes loans that are not federally backed , so they aren ’ t covered by the government ’ s program .
Meanwhile , Treasury Secretary Steven Mnuchin has convened a task force to deal with the potential liquidity shortfall faced by mortgage servicers , which collect payments and are required to compensate bondholders even if homeowners miss them .
The group was supposed to make recommendations by @ @ @ @ @ @ @ percentage of the servicing book – let ’ s say 20-30 % of clients you take care of – don ’ t have the ability to make a payment for six months , most servicers will not have the capital needed to cover those payments , ” QuickenChief Executive Officer Jay Farner said in an interview .
But not Quicken , of course .
Quicken , which serves 1.8 million borrowers , and in 2018 surpassed Wells Fargo as the # 1 mortgage lender in the US , has a strong enough balance @ @ @ @ @ @ @ holders of bonds backed by its mortgages , Farner said , although something tells us that in 6-8 weeks his view will change dramatically .
Until then , the company plans to almost triple its call center workers by May to field the expected onslaught of borrowers seeking support , he said .
Ironically , as Bloomberg concludes , “ if the pandemic has taught us anything , it ’ s how quickly everything can change .
Just weeks ago , mortgage lenders were predicting the biggest spring in years for home sales @ @ @ @ @ @ @ bar manager , was staffing up for big crowds at the beer garden , which is across from National Park , home of the World Series champions .
Then came coronavirus .
Now , she ’ s dependent on her unemployment check of $ 440 a week .
“ Everybody wants to work but we ’ re being asked not to for the sake of the greater good , ” she said .
This article was posted : Friday , April 3 , 2020 at 4:49 am


prisonplanet--2020-04-03--Germany: Muslims Flagrantly Violate Quarantine Law to Congregate at Mosque in Berlin

Germany : Muslims Flagrantly Violate Quarantine Law to Congregate at Mosque in Berlin A video out of Berlin shows Muslim worshippers flagrantly violating Germany ’ s quarantine law and social distancing rules by congregating outside a mosque as police fail in attempting to disperse them .
The clip shows dozens of Muslims crowded outside the Dar-as-Salam mosque in Berlin ’ s immigrant-heavy Neukölln district as the Islamic call to prayer is broadcast on a loudspeaker .
The gathering is in total violation of Germany ’ s new lockdown law , which bans gatherings of more than two people and mandates @ @ @ @ @ @ @ a police officer tries to tell the crowd to disperse or at least stand further apart from each other , but he is totally ignored .
Large crowds are seen gathered both inside the gates of the mosque and outside spilling onto both sides of the street .
Some of the worshippers are wearing masks and gloves but most don ’ t have any protection .
At several points during the clip , the worshippers shout “ Allahu Akbar.
” As the call to prayer ends , the worshippers walk away from the @ @ @ @ @ @ @ to be leaving in taxis and cars , proving they didn ’ t walk to the building .
Men are then seen hugging each other , totally ignoring social distancing measures in place to stop the spread of coronavirus .
At the end of the clip , six more police officers are seen to be doing nothing to enforce the law .
As we previously reported , when police attempted to enforce a quarantine law by closing down a mosque in Pakistan , they were chased away by a violent mob .
Throughout @ @ @ @ @ @ @ ghettos , police are finding it almost impossible to enforce quarantine and social distancing , to the point where a government official in France suggested authorities not even bother trying .
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This article was posted @ @ @ @ @ @ @ at 3:02 pm


prisonplanet--2020-04-03--Half a Million Chinese People Entered America at the Height of the Coronavirus Outbreak

Half a Million Chinese People Entered America at the Height of the Coronavirus Outbreak Around half a million Chinese people , some of them infected with coronavirus , entered America from December to February at the height of the COVID-19 outbreak , new figures show .
The numbers , which were obtained from Commerce Department and U.S. Customs and Border Protection records , were compiled by ABC News .
They show that in the three month period when coronavirus was raging across China , 759,493 people entered the U.S. from China .
This number included 228,000 Americans who were returning @ @ @ @ @ @ @ million were Chinese citizens or people living in China who were visiting the U.S. for tourism , business or to see family .
This number of people were pouring into the U.S. while the World Health Organization was simultaneously insisting that no country should enforce any kind of border controls to stop the spread of the virus .
President Donald Trump restricted travel from China from February 2nd onwards , but that was too little too late because the outbreak ( which was subsequently covered up by China for two months ) had @ @ @ @ @ @ @ to Johns Hopkins University .
According to Dr. Vinayak Kumar , an internal medicine resident at the Mayo Clinic , out of the total figure arriving in the U.S. from China , “ a large number might have been infected at the time of travel.
” The numbers illustrate “ how globalized our world has become , ” he added .
However , infectious disease specialist Dr. Simone Wildes suggested that the virus outbreak was the price of globalization and that Americans would just have to get used to it .
“ It @ @ @ @ @ @ @ we have to be better prepared to deal with the impact this will have on all our lives in so many ways , ” he said .
The data also shows that “ From December , January and February on travelers entering the U.S. from eight of the hardest-hit countries : 343,402 arrived from Italy , 418,848 from Spain and about 1.9 million more came from Britain.
” As we document in the video below , while three quarters of a million people , some of them infected with coronavirus , were entering @ @ @ @ @ @ @ to go out and congregate in huge crowds , including at Chinese Lunar New Year parades .
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This article was posted : Friday , April 3 , 2020 at 2:25 pm