thedcclothesline--2020-05-24--Democrat Party in Shambles — Pelosi’s Son Now Involved In Ukraine Scandal

Now Nancy Pelosi ’ s son may be looking to take center stage with the Ukraine controversy .
take our poll - story continues below “ BOOM : Nancy Pelosi ’ s son Paul Pelosi Jr. ( who went to Ukraine in 2017 ) was a board member of Viscoil and executive at its related company NRGLab , which DID ENERGY Business in UKRAINE !
And Nancy Pelosi appeared in a promotional video for the company !
” What in the hell ?
BOTH Biden ’ s and Pelosi ’ s sons have strong ties to Ukraine ?
Who goes @ @ @ @ @ @ @ most people reading this have sent their sons to Ukraine at some point .
I ’ m probably just being paranoid .
( Washington Free Beacon ) The Securities and Exchange Commission ( SEC ) charged a company co-founded by Paul Pelosi Jr. with fraud on Wednesday after learning that two convicted criminals were running the business .
Paul Pelosi Jr. , the son of House Minority Leader Nancy Pelosi ( D. , Calif. ) , was the president and chief operating officer of Natural Blue Resources Inc. , an investment company he @ @ @ @ @ @ @ ventures .
The SEC charged four individuals with fraud , including former New Mexico Gov .
Toney Anaya , and suspended trading in the company ’ s stock .
Pelosi owned over 10 million shares in the company in 2009 .
The SEC said Wednesday the company was “ secretly controlled ” by James E. Cohen and Joseph Corazzi , both of whom had previous fraud convictions .
The SEC suspended trading in Natural Blue stock .
A notice filed in the Federal Register on Wednesday by Jill M. Peterson , assistant secretary @ @ @ @ @ @ @ company has not filed any periodic reports , which are required by law , with the SEC in four years .
“ It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Natural Blue Resources , Inc. because it has not filed any periodic reports since the period ended September 30 , 2010 , ” Peterson said , in the order announcing suspension of trading .
The Free Beacon reported that Pelosi was still listed with The New Mexico Office of @ @ @ @ @ @ @ as the president of Natural Blue at the time it filed the report .
The New Mexico Office of the Secretary of State Business Service Division had designated Natural Blue as a company “ not in good standing.
” House Speaker Nancy Pelosi ’ s son Paul Pelosi Jr. visited Ukraine in 2017 to meet with government officials in connection to a business initiative .
Now , unearthed records reveal that Paul Pelosi Jr. was an executive of a gas industry company that did business in Ukraine – and his mother Nancy Pelosi @ @ @ @ @ @ @ ’ s promotional videos .
Paul Pelosi Jr. travelled to Kiev , Ukraine in July 2017 in his capacity as executive director of the Corporate Governance Initiative , a position that he accepted months earlier in February 2017 .
Pelosi Jr. said that he was in Ukraine to discuss a youth soccer partnership with the government .
The American Mirror , which flagged Pelosi Jr. ’ s appearance in 2017 , preserved a clip of Pelosi Jr. on the Ukrainian station following the video ’ s removal from YouTube .
On March 5 @ @ @ @ @ @ @ two videos on Youtube .
One video opened with a clip of Nancy Pelosi discussing energy-efficient technology , followed by a direct-to-camera statement from her son Paul Pelosi Jr. , filmed in Washington , D.C. in 2010 .
“ My name ’ s Paul Pelosi .
Of course I ’ m on the board of Viscoil .
And Viscoil is here today to talk about accelerating the future .
It ’ s about using cars in a more efficient manner .
It ’ s about utilizing natural resources , whether it be electricity @ @ @ @ @ @ @ in a more efficient way .
And Viscoil is a part of that solution , ” Paul Pelosi Jr. said in the video .
Big Name Dems ( and their offspring ) are really piling up now with this Ukraine controversy .
Paul Pelosi Jr. co-founded the company Natural Blue Resources , which the SEC charged with securities fraud in 2014 .
Portions of this article originally appeared at DC Clothesline and was republished with permission from Dean Garrison .
Join us at SPREELY if you want REAL NEWS without the leftist censorship @ @ @ @ @ @ @ • Not Just Hunter Biden : Nancy Pelosi ’ s Son Now Part of Ukraine Scandal • Trump Calls Nancy Pelosi ‘ The Most Overrated Person I Know ’ for Decision to Withhold Articles of Impeachment • Richard Nixon ’ s Son-in-Law to Nancy Pelosi : FAKE Impeachment is ‘ A Disaster For Democrats In 2020 ’ • Tucker Carlson Slams Pelosi ’ s Hypocrisy — ‘ A Member Of The Church Of Partial-Birth Abortion ’

POSTED BY:
DINO PORRAZZO at Right Wing Tribune FLASHBACK!
Hunter Biden move over.
Now Nancy Pelosi’s son may be looking to take center stage with the Ukraine controversy.
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Paul Pelosi, Jr. spent time in Ukraine in 2017.
“BOOM: Nancy Pelosi’s son Paul Pelosi Jr. (who went to Ukraine in 2017) was a board member of Viscoil and executive at its related company NRGLab, which DID ENERGY Business in UKRAINE!
And Nancy Pelosi appeared in a promotional video for the company!”
BOOM: Nancy Pelosi's son Paul Pelosi Jr. (who went to Ukraine in 2017) was a board member of Viscoil and executive at its related company NRGLab, which DID ENERGY Business in UKRAINE! And Nancy Pelosi appeared in a promotional video for the company!https://t.co/wlndLhPqLe — Patrick Howley (@HowleyReporter) October 3, 2019
What in the hell?
BOTH Biden’s and Pelosi’s sons have strong ties to Ukraine?
Who goes to Ukraine?
I’m sure most people reading this have sent their sons to Ukraine at some point.
I’m probably just being paranoid.
(Washington Free Beacon) The Securities and Exchange Commission (SEC) charged a company co-founded by Paul Pelosi Jr. with fraud on Wednesday after learning that two convicted criminals were running the business.
Paul Pelosi Jr., the son of House Minority Leader Nancy Pelosi (D., Calif.), was the president and chief operating officer of Natural Blue Resources Inc., an investment company he cofounded that focuses on “environmentally-friendly” ventures.
The SEC charged four individuals with fraud, including former New Mexico Gov. Toney Anaya, and suspended trading in the company’s stock. Pelosi owned over 10 million shares in the company in 2009.
The SEC said Wednesday the company was “secretly controlled” by James E. Cohen and Joseph Corazzi, both of whom had previous fraud convictions.
[…]
The SEC suspended trading in Natural Blue stock. A notice filed in the Federal Register on Wednesday by Jill M. Peterson, assistant secretary of the SEC, revealed that the company has not filed any periodic reports, which are required by law, with the SEC in four years.
“It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Natural Blue Resources, Inc. because it has not filed any periodic reports since the period ended September 30, 2010,” Peterson said, in the order announcing suspension of trading.
The Free Beacon reported that Pelosi was still listed with The New Mexico Office of the Secretary of State Business Service Division as the president of Natural Blue at the time it filed the report.
The New Mexico Office of the Secretary of State Business Service Division had designated Natural Blue as a company “not in good standing.”
From Patrick Howley at National File:
House Speaker Nancy Pelosi’s son Paul Pelosi Jr. visited Ukraine in 2017 to meet with government officials in connection to a business initiative. Now, unearthed records reveal that Paul Pelosi Jr. was an executive of a gas industry company that did business in Ukraine – and his mother Nancy Pelosi was featured in one of the company’s promotional videos.
Paul Pelosi Jr. travelled to Kiev, Ukraine in July 2017 in his capacity as executive director of the Corporate Governance Initiative, a position that he accepted months earlier in February 2017. Pelosi Jr. said that he was in Ukraine to discuss a youth soccer partnership with the government.
The American Mirror, which flagged Pelosi Jr.’s appearance in 2017, preserved a clip of Pelosi Jr. on the Ukrainian station following the video’s removal from YouTube.
https://twitter.com/American_Mirror/status/1177576868733698048?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1177576868733698048&ref_url=https%3A%2F%2Frightwingtribune.com%2F2020%2F05%2F23%2Fpelosis-son%2F
On March 5, 2013, NRGLab New Technology posted two videos on Youtube. One video opened with a clip of Nancy Pelosi discussing energy-efficient technology, followed by a direct-to-camera statement from her son Paul Pelosi Jr., filmed in Washington, D.C. in 2010.
“My name’s Paul Pelosi. Of course I’m on the board of Viscoil. And Viscoil is here today to talk about accelerating the future. It’s about using cars in a more efficient manner. It’s about utilizing natural resources, whether it be electricity, or gas, or fossil fuels in a more efficient way. And Viscoil is a part of that solution,” Paul Pelosi Jr. said in the video.
Big Name Dems (and their offspring) are really piling up now with this Ukraine controversy.
Paul Pelosi Jr. co-founded the company Natural Blue Resources, which the SEC charged with securities fraud in 2014.
Portions of this article originally appeared at DC Clothesline and was republished with permission from Dean Garrison.
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thedcclothesline--2020-05-24--MSM EXPOSED: INDEPENDENT PEOPLE UNCOVER COVID-19 LIES

You can not trust the mainstream media , but this isn ’ t news .
Every day , regular people are using their own cameras and cell phones to document the lies we are being told about COVID-19 designed to manufacture your consent to enslavement .
Here are just a few of the lies that have been uncovered .
Jeff Berwick of the Dollar Vigilant YouTube channel questioned the authenticity of a Sky News report claiming the crematoriums in Mexico City “ never stop burning.
” Berwick took his camera around to the few open crematoriums and discover that was @ @ @ @ @ @ @ a completely fabricated hoax designed to make the scamdemic appear far more severe than it ever will be .
Additionally , 600 doctors have written a letter to President Donald Trump stating that he ’ s been given bad advice , and the lockdowns are going to kill many other people in numbers that will far surpass those of this coronavirus .
take our poll - story continues below After David Icke was banned from YouTube for speaking out against the tyranny and power grabs of the elitists and politicians using the scamdemic @ @ @ @ @ @ @ long interview with London Real on the “ Freedom Platform ” designed to never be censored .
As those in power continue to lie and attempt to keep us in a constant state of fear , people all over the planet are waking up to what ’ s actually going on .
This has never been about health .
It ’ s been a gigantic propagated lie from the beginning and designed that way .
As more and more regular people come out showing proof that the mainstream media is only doling out @ @ @ @ @ @ @ , more and more people will begin to realize that this is an ongoing attempt to enslave the mind of the public , so a few can rule the many .
The Science of Fear : How The Elitists Use it to Control Us & How to Break Free Tyrants throughout history have used the same tactics to manufacture consent from the public for their enslavement to the ruling class elitists .
This time , it ’ s not working though .
All over the planet , humans are realizing that they don @ @ @ @ @ @ @ “ for their own good.
” All over the planet , humans are figuring out that it ’ s wrong to have some people control everyone else .
It will reach a tipping point , and the elitists pull out all the stops , people are still pushing back .
After Brainwashing People For Decades , MSM and Governments Are Losing Control of People It ’ s only a matter of time before people realize a life lived in fear is a waste .
It ’ s only a matter of time before @ @ @ @ @ @ @ and killing for tyrants in suits on command so those tyrants can be wealthy is morally reprehensible .
It ’ s only a matter of time before people realize who politicians , the mainstream media , and the elitists who pull the strings are .
It ’ s only a matter of time before people realize that they were born free , and no one else has the right to steal the fruits of their labor ( even if it ’ s called “ taxation ” ) and no one else has the @ @ @ @ @ @ @ even if it ’ s called “ government ” ) .
“ The most improper job of any man , even saints ( who at any rate were at least unwilling to take it on ) , is bossing other men .
Not one in a million is fit for it , and least of all those who seek the opportunity.
” ― J.R.R .
Tolkien , The Letters of J.R.R .
Tolkien • Why Does The Mainstream Media Seem So Desperate To Keep The Coronavirus Lockdowns Going ?
• Media Took Millions @ @ @ @ @ @ @ Media Blackout : As Jussie Smollett Prepares to Go Back to Trial , Soros ’ Money is Being Funneled to Prosecutor , Kim Foxx , Who Dropped Original Case • MSM Goes After Omar : Minneapolis Star Tribune Suggests She May Have Married Her Brother To Gain Citizenship • Mainstream Belgian Reporter Blows The Lid On MSM Lies Over Ghouta , Syria “ Chemical Attacks ”

You cannot trust the mainstream media, but this isn’t news. Every day, regular people are using their own cameras and cell phones to document the lies we are being told about COVID-19 designed to manufacture your consent to enslavement. Here are just a few of the lies that have been uncovered.
Jeff Berwick of the Dollar Vigilant YouTube channel questioned the authenticity of a Sky News report claiming the crematoriums in Mexico City “never stop burning.” Berwick took his camera around to the few open crematoriums and discover that was not just a lie, it was a completely fabricated hoax designed to make the scamdemic appear far more severe than it ever will be.
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Completing this poll grants you access to DC Clothesline updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.
Additionally, 600 doctors have written a letter to President Donald Trump stating that he’s been given bad advice, and the lockdowns are going to kill many other people in numbers that will far surpass those of this coronavirus.
After David Icke was banned from YouTube for speaking out against the tyranny and power grabs of the elitists and politicians using the scamdemic as an excuse, he did a long interview with London Real on the “Freedom Platform” designed to never be censored.
As those in power continue to lie and attempt to keep us in a constant state of fear, people all over the planet are waking up to what’s actually going on. This has never been about health. It’s been a gigantic propagated lie from the beginning and designed that way.
As more and more regular people come out showing proof that the mainstream media is only doling out fear at the commands of the government, more and more people will begin to realize that this is an ongoing attempt to enslave the mind of the public, so a few can rule the many.
The Science of Fear: How The Elitists Use it to Control Us & How to Break Free
Tyrants throughout history have used the same tactics to manufacture consent from the public for their enslavement to the ruling class elitists. This time, it’s not working though. All over the planet, humans are realizing that they don’t have to ruled and enslaved “for their own good.” All over the planet, humans are figuring out that it’s wrong to have some people control everyone else. It will reach a tipping point, and the elitists pull out all the stops, people are still pushing back.
After Brainwashing People For Decades, MSM and Governments Are Losing Control of People
It’s only a matter of time before people realize a life lived in fear is a waste. It’s only a matter of time before people realize that going to another country and killing for tyrants in suits on command so those tyrants can be wealthy is morally reprehensible. It’s only a matter of time before people realize who politicians, the mainstream media, and the elitists who pull the strings are. It’s only a matter of time before people realize that they were born free, and no one else has the right to steal the fruits of their labor (even if it’s called “taxation”) and no one else has the right to rule and enslave them (even if it’s called “government”).
“The most improper job of any man, even saints (who at any rate were at least unwilling to take it on), is bossing other men. Not one in a million is fit for it, and least of all those who seek the opportunity.” ― J.R.R. Tolkien, The Letters of J.R.R. Tolkien
Courtesy of SHTFplan
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Media


thedcclothesline--2020-05-24--Trump: “I Have A Chance To Break The Deep State”

In an exclusive interview set to air Sunday , President Trump tells Sharyl Attkisson that he believes he is making inroads in draining the Washington swamp .
“ If it keeps going the way it ’ s going , I have a chance to break the deep state .
It ’ s a vicious group of people.
” take our poll - story continues below Trump or Biden , who will win ?
• None Why wait until November 3 ?
Show all of America who you 're voting for in 2020 • None This field is for validation purposes @ @ @ @ @ @ @ this poll grants you access to DC Clothesline updates free of charge .
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Also in the interview : • The president calls churches , synagogues , mosques and other religious institutions “ essential services ” and says they must be allowed to open • Sharyl asks if someone review his tweets before he sends them out • Trump weighs in on the biggest strength and weakness of Joe Biden • He talks @ @ @ @ @ @ @ and spying on his campaign • Sharyl ask about mixed messages the government is sending on the anti-malaria drug , hydroxychloroquine • She also asks President Trump how he can press to investigate allegation about Biden and Ukraine— without appearing to be doing the same thing Democrats did to him in 2016 .
• Q is dropping some serious hints , is the Deep State Reckoning finally coming ?
• Sick !
Deep State Inspector General—This One Trying to Screw Veterans • How the Vaccine Deep State Unleashed a “ KILL SWITCH ” @ @ @ @ @ @ @ • Antifa terrorists a NO SHOW at the Virginia pro-2A rally… deep state BACKS DOWN in presence of overwhelming patriot presence

In an exclusive interview set to air Sunday, President Trump tells Sharyl Attkisson that he believes he is making inroads in draining the Washington swamp.
“If it keeps going the way it’s going, I have a chance to break the deep state. It’s a vicious group of people.” – President Trump on “Full Measure with Sharyl Attkisson”
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Also in the interview:
The president calls churches, synagogues, mosques and other religious institutions “essential services” and says they must be allowed to open
and says they must be allowed to open Sharyl asks if someone review his tweets before he sends them out
before he sends them out Trump weighs in on the biggest strength and weakness of Joe Biden
He talks about the latest allegations about FBI misconduct and spying on his campaign
and spying on his campaign Sharyl ask about mixed messages the government is sending on the anti-malaria drug, hydroxychloroquine
She also asks President Trump how he can press to investigate allegation about Biden and Ukraine— without appearing to be doing the same thing Democrats did to him in 2016.
Here’s how to watch…
Courtesy of Zero Hedge
Deep State


thedcclothesline--2020-05-24--Mosque To Neighbors That Complain Of Loudness Of Call To Prayer Over Loudspeakers: “Get Used To It”

Just so you know who ’ s in charge now .
But note the contrast : the non-Muslims allowed the broadcast of the call to prayer over loudspeakers as a welcoming gesture to Muslims .
And this is how they are being repaid .
“ The Netherlands : Mosque says ‘ get used to it ’ to citizens who complain about prayer calls , ” by Michael Lord , Voice of Europe , May 19 , 2020 : The administrative board of a mosque in Amsterdam has a simple answer to those of their neighbors who are complaining about their @ @ @ @ @ @ @ get used to it .
Residents of the area surrounding the Taibah mosque , which is in Amsterdam ’ s Zuidoost district near the Kraaiennest metro station , have been complaining that its daily calls to prayer are excessively loud .
Islamic law requires that Muslims pray five times per day , and the Taibah mosque has been broadcasting all five daily on its exterior loudspeakers to mark the holy month of Ramadan , which began on April 23. take our poll - story continues below The mosque ’ s administrative board confirm @ @ @ @ @ @ @ system to broadcast the calls prior to Ramadan .
They say that the calls are being sounded five times a day during Ramadan as a result of the ongoing Wuhan coronavirus ( COVID-19 ) lockdown , which makes it impossible for worshippers to come to the mosque for prayers .
“ The volume with which this happens is so loud that it can be heard throughout the neighborhood and even in the surrounding areas , ” complained one local resident , according to a report by the Amsterdam television station AT5 .
While @ @ @ @ @ @ @ many complaints about the loudness of its calls , the mosque ’ s administrative board has rejected the accusation that they are excessively loud .
They claim that the calls ’ volume has already been reduced in response to the complaints , but they are refusing to lower it any further .
The board also stressed that the prayer calls are permitted under Dutch law and that their neighbors have no legal basis for their objections .
“ The neighborhood has to get used to the sound , ” the mosque ’ s @ @ @ @ @ @ @ Zuidoost police say they will have talks with the mosque ’ s administration about the issue… .
• A Bus Full of Boys and a Village Full of Men — The Evil , Unspoken Perversion of Islam • Islamic Boko Haram Beheads Kidnapped Pastor Who Refused To Renounce His Faith

Just so you know who’s in charge now. But note the contrast: the non-Muslims allowed the broadcast of the call to prayer over loudspeakers as a welcoming gesture to Muslims. And this is how they are being repaid.
“The Netherlands: Mosque says ‘get used to it’ to citizens who complain about prayer calls,” by Michael Lord, Voice of Europe, May 19, 2020:
The administrative board of a mosque in Amsterdam has a simple answer to those of their neighbors who are complaining about their calls to prayer being too loud: get used to it.
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Residents of the area surrounding the Taibah mosque, which is in Amsterdam’s Zuidoost district near the Kraaiennest metro station, have been complaining that its daily calls to prayer are excessively loud. Islamic law requires that Muslims pray five times per day, and the Taibah mosque has been broadcasting all five daily on its exterior loudspeakers to mark the holy month of Ramadan, which began on April 23.
The mosque’s administrative board confirm that they had installed a new speaker system to broadcast the calls prior to Ramadan. They say that the calls are being sounded five times a day during Ramadan as a result of the ongoing Wuhan coronavirus (COVID-19) lockdown, which makes it impossible for worshippers to come to the mosque for prayers.
“The volume with which this happens is so loud that it can be heard throughout the neighborhood and even in the surrounding areas,” complained one local resident, according to a report by the Amsterdam television station AT5.
While local police confirm that they have received many complaints about the loudness of its calls, the mosque’s administrative board has rejected the accusation that they are excessively loud. They claim that the calls’ volume has already been reduced in response to the complaints, but they are refusing to lower it any further. The board also stressed that the prayer calls are permitted under Dutch law and that their neighbors have no legal basis for their objections.
“The neighborhood has to get used to the sound,” the mosque’s board said in a statement.
The Zuidoost police say they will have talks with the mosque’s administration about the issue….
Article posted with permission from Robert Spencer
h/t TWS
Islam


thedcclothesline--2020-05-24--Bill Gates’ Web of Dark Money and Influence – Part 1: Philanthropic Narrative Shaping

In the first few months of 2020 , business tycoon and billionaire Bill Gates saw his popularity soar through the roof .
According to YouGov , 58 percent of Americans polled about Gates had a positive opinion of him , he is equally liked by men and women , and both Boomers and Millennials adore him .
Gates ’ popularity might have increased due to a viral Netflix documentary about his life being released in late 2019 .
Combine that positive press with a wave of media interviews seeking the guidance of the man who “ predicted ” the next @ @ @ @ @ @ @ Gates is a superhero here to save the planet from impending doom .
Of course , this rather cartoonish view ignores several incontrovertible facts , and a few strong theories regarding Gates ’ true intentions .
First , the facts .
Bill Gates has used his immense wealth to garner influence and media time , spreading his message of fixing global health issues while he continues to make billions .
Using the Bill and Melinda Gates Foundation to dole out grants and donations , Gates has created a web of organizations who owe @ @ @ @ @ @ @ directly to Gates .
By tracing the Foundation ’ s investments and Gates ’ relationships we can see that nearly every person involved in the fight against COVID-19 is tied to Gates or his Foundation by two degrees or less .
This gives Bill Gates and his Foundation an unchallenged influence over the response to the pandemic .
Equally worrisome is Gates ’ call for global lock down until the entire world has been vaccinated and given a digital certificate to prove immunity .
Now , the theories : when taking a careful @ @ @ @ @ @ @ by Gates , it becomes clear that he has a penchant for discussing reducing population growth .
Despite “ fact checkers ” claiming Gates ’ words have been taken out of context , his words speak for themselves .
He believes the population should be reduced or prevented from growing , and he believes this can be done with vaccines and healthcare .
As we attempt to peel back the layers of PR stunts and puff pieces fawning over Bill Gates , we hope to illustrate that the man being propped up on @ @ @ @ @ @ @ people as their savior , is anything but .
Despite the apparent growth in support for Bill Gates , there is also evidence on social media that people are beginning to question him and challenge the savior narrative .
This is the first step in unraveling Bill Gates ’ Web of Dark Money and Manipulation .
The Global Influence of the Bill and Melinda Gates Foundation In 1994 , the story goes , Bill Gates asked his father , William Gates Sr. , to help him “ improve reproductive and child health ” @ @ @ @ @ @ @ Gates Foundation .
Gates Sr. agreed and by 2000 , the Foundation was merged with the Gates Learning Foundation to become the Bill & Melinda Gates Foundation .
According to the Foundation , Bill Gates has donated $ 36 billion of his personal wealth to the foundation .
The Foundation is estimated to be valued at $ 46.8 billion .
For the last two decades the Foundation has invested in a range of controversial companies and projects while pursuing their goal of improving global health and access to vaccines and reproductive care .
@ @ @ @ @ @ @ of Gates ’ plan to reshape his public image as that of a friendly and kind billionaire whose only aim is to help the world .
The reality is much more suspect .
Let ’ s take , for example , the Netflix documentary mentioned above , Inside Bill ’ s Brain : Decoding Bill Gates .
Rather than being a genuine look at the life and personality of Gates , the documentary failed to acknowledge conflicts of interest which might portray the film – and Bill Gates – in a different light @ @ @ @ @ @ @ the reach of Gates ’ money , The Nation noted that , “ in the first episode , director Davis Guggenheim underlines Gates ’ s expansive intellect by interviewing Bernie Noe , described as a friend of Gates.
” Noe goes on to tell of Gates reading 150 pages an hour with 90 percent retention .
However , The Nation reported , “ Guggenheim doesn ’ t tell audiences that Noe is the principal of Lakeside School , a private institution to which the Bill & Melinda Gates Foundation has given $ 80 @ @ @ @ @ @ @ same school that the Gates ’ children attend .
Of course , using the Foundation ’ s wealth to influence media coverage is not new for Bill Gates .
Although The Guardian claims editorial independence , their Global Development section is funded in part by The Gates Foundation .
The Foundation has also given more than $ 9 million to The Guardian , over $ 3 million to NBC Universal , over $ 4 million to French newspaper Le Monde , over $ 4.5 million to NPR , $ 1 million to Al-Jazeera @ @ @ @ @ @ @ BBC ’ s Media Action program .
In light of these investments it ’ s easy to understand how Gates could quickly organize a speaking tour of his favorite media outlets .
Corporate media outlets are not the only beneficiaries of the Gates Foundation .
They have also invested in controversial technologies and companies , including Monsanto , geoengineering , 5G technology , and vaccines .
take our poll - story continues below MintPress News recently reported on how the Gates Foundation helped highly controversial pharmaceutical and chemical giant Monsanto Corporation “ gain @ @ @ @ @ @ @ also notes that the Foundation funded a , “ flawed clinical trial of the HPV vaccine in India in 2009 , where 23,000 impoverished girls aged 9-15 were exposed to potentially lethal drugs without even their parents ’ consent , leading to seven deaths.
” In 2010 , it was also reported that since 2007 , Gates had given $ 4.5 million to study geoengineering methods for altering the stratosphere to reflect solar energy , techniques to filter carbon dioxide directly from the atmosphere , and brightening ocean clouds .
Geoengineering is the @ @ @ @ @ @ @ for the stated purpose of reducing heating on the planet .
The Guardian previously noted that Gates gives “ an undisclosed sum ” to geoengineering proponent and Harvard professor David Keith .
Gates also owns majority stake in Keith ’ s geoengineering company , Carbon Engineering .
Prominent geoengineering researcher Ken Caldeira says he receives $ 375,000 a year from Gates and works for Intellectual Ventures , a private geoengineering research company part-owned by Gates and run by Nathan Myhrvold , former head of technology at Microsoft .
The Foundation has also invested @ @ @ @ @ @ @ will accelerate the roll out of controversial 5th generation cellular technology , otherwise known as 5G .
The concerns around Bill Gates fortune and his use of the Bill and Melinda Gates Foundation to influence pet projects is not the only worry expressed by critics of the Foundation .
The larger – and more immediate – is that unelected billionaires like Gates are using their fortunes to shape public policy using their philanthropic foundations .
This method of investing billions of dollars in the form of tax-deductible charity donations to private companies is @ @ @ @ @ @ @ by holding stock in the same companies supported by the Gates Foundation .
A recent investigation by The Nation uncovered more than 19,000 charitable grants from the Gates Foundation in the last two decades .
They also found $ 2 billion in these tax-deductible charitable donations to private companies .
Companies receiving these donations include GlaxoSmithKline , Unilever , IBM , and NBC Universal Media .
The Nation noted that the Gates Foundation has given $ 250 million to media companies and “ other groups to influence the news.
” The Nation found @ @ @ @ @ @ @ grants from the Gates Foundation to companies in which the Foundation holds corporate stocks and bonds : Merck , Novartis , GlaxoSmithKline , Vodafone , Sanofi , Ericsson , LG , Medtronic , Teva , and numerous start-ups .
You might see the previous statement and ask , “ how can this be legal ?
Is it not a conflict of interest to hold stock in a company which you also give tax-free donations ?
” The simple fact is there are not rules or laws against doing exactly what the Bill and @ @ @ @ @ @ @ some might argue that Bill Gates ’ scheme is brilliant – donate your fortune by forming a foundation which can give tax-deductible donations to companies you partly own and reap profits while avoiding taxes – it is allowing him to hide his money in a myriad of ways .
It has almost become impossible to track every donation , investment , or other partnership .
Other notable facts from the investigation include that the Gates Foundation ’ s “ $ 50 billion endowment has generated $ 28.5 billion in investment income over the @ @ @ @ @ @ @ away $ 23.5 billion in charitable grants .
Additionally , a 2007 LA Times investigation found that the organization was involved in subprime mortgage loans and for-profit hospitals which reportedly performed unneeded surgeries .
The Gates Foundation is also reportedly invested in chocolate companies that use child labor .
It would be a mistake to see the Bill and Melinda Gates Foundation as merely a vessel for a rich man to hide his money and reap immeasurable profits .
No , the Foundation is “ more than a collection of grants and projects @ @ @ @ @ @ @ public health doctor and researcher at University College London and an advisor to the People ’ s Health Movement .
McCoy says the Foundation “ operates through an interconnected network of organizations and individuals across academia and the NGO and business sectors ” which allows Bill Gates to “ leverage ” influence ” in a kind of “ group think.
” In part 2 of this investigation we will sift through the myriad of connections between Bill Gates , his Foundation , and the many players involved in the COVID-19 response .
We @ @ @ @ @ @ @ question : Is Bill Gates a force for good or a force for harm ?
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• BILL GATES EXPLAINS THAT THE COVID VACCINE WILL USE EXPERIMENTAL TECHNOLOGY AND PERMANENTLY ALTER YOUR DNA • Bill Gates admits that 700,000 people will be harmed or killed by his coronavirus vaccines • In epic speech , Italian member of Parliament demands arrest of Bill Gates as a “ vaccine criminal ” for pursuing crimes against humanity • Enzyme that will make Bill Gates ’ vaccine microchip implant work known as LUCIFERASE

In the first few months of 2020, business tycoon and billionaire Bill Gates saw his popularity soar through the roof. According to YouGov, 58 percent of Americans polled about Gates had a positive opinion of him, he is equally liked by men and women, and both Boomers and Millennials adore him. Gates’ popularity might have increased due to a viral Netflix documentary about his life being released in late 2019. Combine that positive press with a wave of media interviews seeking the guidance of the man who “predicted” the next major pandemic, and voila – Bill Gates is a superhero here to save the planet from impending doom.
Of course, this rather cartoonish view ignores several incontrovertible facts, and a few strong theories regarding Gates’ true intentions. First, the facts. Bill Gates has used his immense wealth to garner influence and media time, spreading his message of fixing global health issues while he continues to make billions. Using the Bill and Melinda Gates Foundation to dole out grants and donations, Gates has created a web of organizations who owe their budget to the Foundation or answer directly to Gates. By tracing the Foundation’s investments and Gates’ relationships we can see that nearly every person involved in the fight against COVID-19 is tied to Gates or his Foundation by two degrees or less. This gives Bill Gates and his Foundation an unchallenged influence over the response to the pandemic. Equally worrisome is Gates’ call for global lock down until the entire world has been vaccinated and given a digital certificate to prove immunity.
Now, the theories: when taking a careful listen to several speeches and statements made by Gates, it becomes clear that he has a penchant for discussing reducing population growth. Despite “fact checkers” claiming Gates’ words have been taken out of context, his words speak for themselves. He believes the population should be reduced or prevented from growing, and he believes this can be done with vaccines and healthcare.
As we attempt to peel back the layers of PR stunts and puff pieces fawning over Bill Gates, we hope to illustrate that the man being propped up on the global stage and sold to the people as their savior, is anything but. Despite the apparent growth in support for Bill Gates, there is also evidence on social media that people are beginning to question him and challenge the savior narrative. This is the first step in unraveling Bill Gates’ Web of Dark Money and Manipulation.
The Global Influence of the Bill and Melinda Gates Foundation
In 1994, the story goes, Bill Gates asked his father, William Gates Sr., to help him “improve reproductive and child health” by founding and leading the William H. Gates Foundation. Gates Sr. agreed and by 2000, the Foundation was merged with the Gates Learning Foundation to become the Bill & Melinda Gates Foundation. According to the Foundation, Bill Gates has donated $36 billion of his personal wealth to the foundation. The Foundation is estimated to be valued at $46.8 billion.
For the last two decades the Foundation has invested in a range of controversial companies and projects while pursuing their goal of improving global health and access to vaccines and reproductive care. This has all been done as part of Gates’ plan to reshape his public image as that of a friendly and kind billionaire whose only aim is to help the world. The reality is much more suspect.
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Let’s take, for example, the Netflix documentary mentioned above, Inside Bill’s Brain: Decoding Bill Gates. Rather than being a genuine look at the life and personality of Gates, the documentary failed to acknowledge conflicts of interest which might portray the film – and Bill Gates – in a different light. In a recent explosive investigation examining the reach of Gates’ money, The Nation noted that, “in the first episode, director Davis Guggenheim underlines Gates’s expansive intellect by interviewing Bernie Noe, described as a friend of Gates.” Noe goes on to tell of Gates reading 150 pages an hour with 90 percent retention. However, The Nation reported, “Guggenheim doesn’t tell audiences that Noe is the principal of Lakeside School, a private institution to which the Bill & Melinda Gates Foundation has given $80 million.” Coincidentally, this is the same school that the Gates’ children attend.
Of course, using the Foundation’s wealth to influence media coverage is not new for Bill Gates. Although The Guardian claims editorial independence, their Global Development section is funded in part by The Gates Foundation. The Foundation has also given more than $9 million to The Guardian, over $3 million to NBC Universal, over $4 million to French newspaper Le Monde, over $4.5 million to NPR, $1 million to Al-Jazeera, and $49 million to the BBC’s Media Action program. In light of these investments it’s easy to understand how Gates could quickly organize a speaking tour of his favorite media outlets.
Corporate media outlets are not the only beneficiaries of the Gates Foundation. They have also invested in controversial technologies and companies, including Monsanto, geoengineering, 5G technology, and vaccines.
MintPress News recently reported on how the Gates Foundation helped highly controversial pharmaceutical and chemical giant Monsanto Corporation “gain a stronger foothold in Africa.” MPN also notes that the Foundation funded a, “flawed clinical trial of the HPV vaccine in India in 2009, where 23,000 impoverished girls aged 9-15 were exposed to potentially lethal drugs without even their parents’ consent, leading to seven deaths.”
In 2010, it was also reported that since 2007, Gates had given $4.5 million to study geoengineering methods for altering the stratosphere to reflect solar energy, techniques to filter carbon dioxide directly from the atmosphere, and brightening ocean clouds. Geoengineering is the deliberate mass scale manipulation of the weather for the stated purpose of reducing heating on the planet. The Guardian previously noted that Gates gives “an undisclosed sum” to geoengineering proponent and Harvard professor David Keith. Gates also owns majority stake in Keith’s geoengineering company, Carbon Engineering. Prominent geoengineering researcher Ken Caldeira says he receives $375,000 a year from Gates and works for Intellectual Ventures, a private geoengineering research company part-owned by Gates and run by Nathan Myhrvold, former head of technology at Microsoft.
The Foundation has also invested $10 million towards developing antennas which will accelerate the roll out of controversial 5th generation cellular technology, otherwise known as 5G.
The concerns around Bill Gates fortune and his use of the Bill and Melinda Gates Foundation to influence pet projects is not the only worry expressed by critics of the Foundation. The larger – and more immediate – is that unelected billionaires like Gates are using their fortunes to shape public policy using their philanthropic foundations. This method of investing billions of dollars in the form of tax-deductible charity donations to private companies is allowing Gates to shape policy and profit by holding stock in the same companies supported by the Gates Foundation.
A recent investigation by The Nation uncovered more than 19,000 charitable grants from the Gates Foundation in the last two decades. They also found $2 billion in these tax-deductible charitable donations to private companies. Companies receiving these donations include GlaxoSmithKline, Unilever, IBM, and NBC Universal Media. The Nation noted that the Gates Foundation has given $250 million to media companies and “other groups to influence the news.”
The Nation found close to $250 million in charitable grants from the Gates Foundation to companies in which the Foundation holds corporate stocks and bonds: Merck, Novartis, GlaxoSmithKline, Vodafone, Sanofi, Ericsson, LG, Medtronic, Teva, and numerous start-ups.
You might see the previous statement and ask, “how can this be legal? Is it not a conflict of interest to hold stock in a company which you also give tax-free donations?” The simple fact is there are not rules or laws against doing exactly what the Bill and Melinda Gates Foundation are doing. While some might argue that Bill Gates’ scheme is brilliant – donate your fortune by forming a foundation which can give tax-deductible donations to companies you partly own and reap profits while avoiding taxes – it is allowing him to hide his money in a myriad of ways. It has almost become impossible to track every donation, investment, or other partnership.
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The Nation concluded,
it is difficult to ignore the occasions where their charitable activities seem to serve mainly private interests, including theirs—supporting the schools their children attend, the companies their foundation partly owns, and the special interest groups that defend wealthy Americans—while generating billions of dollars in tax savings.
Other notable facts from the investigation include that the Gates Foundation’s “$50 billion endowment has generated $28.5 billion in investment income over the last five years” while only giving away $23.5 billion in charitable grants. Additionally, a 2007 LA Times investigation found that the organization was involved in subprime mortgage loans and for-profit hospitals which reportedly performed unneeded surgeries. The Gates Foundation is also reportedly invested in chocolate companies that use child labor.
It would be a mistake to see the Bill and Melinda Gates Foundation as merely a vessel for a rich man to hide his money and reap immeasurable profits. No, the Foundation is “more than a collection of grants and projects” says Dr David McCoy, a public health doctor and researcher at University College London and an advisor to the People’s Health Movement. McCoy says the Foundation “operates through an interconnected network of organizations and individuals across academia and the NGO and business sectors” which allows Bill Gates to “leverage” influence” in a kind of “group think.”
In part 2 of this investigation we will sift through the myriad of connections between Bill Gates, his Foundation, and the many players involved in the COVID-19 response. We will also attempt to answer the essential question: Is Bill Gates a force for good or a force for harm?
Source: The Last American Vagabond
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Bill Gates


thedcclothesline--2020-05-24--FACT: Coronavirus vaccines will contain aborted human babies

( Natural News ) Pro-lifers everywhere had better think long and hard about what they plan to do in the event that state or local governments try to mandate vaccination for the Wuhan coronavirus ( COVID-19 ) once a jab is commercially released because chances are those syringes will contain the remnants of aborted babies .
Even though President Trump has said that Wuhan coronavirus ( COVID-19 ) vaccines will not be mandated at the federal level , there is still the possibility that some states may try to force them locally , which will put not just those opposed @ @ @ @ @ @ @ also those who recognize the sanctity of unborn human life .
After it was announced recently that Canada ’ s largest federal research and development organization has teamed up with a Chinese vaccine company to test a new trial coronavirus vaccine in Canada , Dr. Alan Moy , M.D.
, founder and scientific director of the John Paul II Medical Research Institute and CEO of Cellular Engineering Technologies decided to do some digging , upon which he discovered that the test vaccine in question is made from aborted fetal cell lines .
CanSino @ @ @ @ @ @ @ , is the name of the Chinese firm that partnered up with Canada ’ s National Research Council ( NRC ) to conduct trials on Ad5-nCoV , as it is being called , which Dr. Moy found contains a cell line known as HEK293 that was derived from unborn children that were murdered while still inside their mothers ’ wombs .
take our poll - story continues below “ Since it ’ s using an adenovirus replication-defective vector , it is using HEK293 , ” Dr. Moy told LifeSiteNews .
“ HEK293 is @ @ @ @ @ @ @ its unethical origins , the Ad5-nCoV more than likely will not even work as promised , Dr. Moy warns .
As it turns out , there is a high incidence of immunity against Ad5 , so most of the people who are injected with it will confer no protection whatsoever against the Wuhan coronavirus ( COVID-19 ) .
“ I don ’ t envy Canadians , ” Dr. Moy is further quoted as saying .
“ Your government and PM ( prime minister ) have mandated draconian policies that are anti-life … Not @ @ @ @ @ @ @ pro-choice.
” What is further confounding is the fact that Canada would even agree to contract with a vaccine company based out of China , which is where this whole crisis originated .
Ad5-nCoV was reportedly also co-developed by the Beijing Institute of Biotechnology which , like all other Chinese institutions , is governed and controlled by the Chinese Communist Party ( CCP ) .
This vaccine is said to be the first “ phase 2 ” coronavirus vaccine , meaning it has been approved to be “ safely ” used in human @ @ @ @ @ @ @ could not be more excited about the prospect of injecting as many Canadians as possible with it to “ cure ” them of the Wuhan coronavirus ( COVID-19 ) .
“ NRC is proud of our ongoing partnership with CanSino Biologics , ” stated NRC President Iain Stewart in a recent press release .
Dr. Xuefeng Yu , chairman and CEO of CanSinoBIO , also stated in the same press release that his company has “ strong connections to Canada ” and is “ proud to be building on past successes and continuing @ @ @ @ @ @ @ address health needs on a global scale.
” Amazingly , both the NRC and CanSinoBIO are proud of their proprietary HEK293 aborted baby cell line , which they say will help “ to advance a scale-up production process for the vaccine candidate.
” In other words , thanks to these aborted babies , Canada and China will be able to produce Wuhan coronavirus ( COVID-19 ) vaccines for mass distribution much faster than normal , paving the way for a global vaccination campaign unlike anything the world has ever seen .
More of @ @ @ @ @ @ @ ( COVID-19 ) is available at Pandemic.news .
• VIDEO BANNED by YouTube — Abortionists really are Satan ’ s minions • The ACLU sues to make sure unborn babies can be dismembered , piece by piece , in cruel , inhumane abortions • POST-BIRTH ABORTIONS !
Nurses say newborn babies are killed all the time because women “ don ’ t want them ” • Tucker Carlson Slams Pelosi ’ s Hypocrisy — ‘ A Member Of The Church Of Partial-Birth Abortion ’

(Natural News) Pro-lifers everywhere had better think long and hard about what they plan to do in the event that state or local governments try to mandate vaccination for the Wuhan coronavirus (COVID-19) once a jab is commercially released because chances are those syringes will contain the remnants of aborted babies.
Even though President Trump has said that Wuhan coronavirus (COVID-19) vaccines will not be mandated at the federal level, there is still the possibility that some states may try to force them locally, which will put not just those opposed to vaccination in a tough position but also those who recognize the sanctity of unborn human life.
After it was announced recently that Canada’s largest federal research and development organization has teamed up with a Chinese vaccine company to test a new trial coronavirus vaccine in Canada, Dr. Alan Moy, M.D., founder and scientific director of the John Paul II Medical Research Institute and CEO of Cellular Engineering Technologies decided to do some digging, upon which he discovered that the test vaccine in question is made from aborted fetal cell lines.
CanSino Biologics Inc., also known as CanSinoBIO, is the name of the Chinese firm that partnered up with Canada’s National Research Council (NRC) to conduct trials on Ad5-nCoV, as it is being called, which Dr. Moy found contains a cell line known as HEK293 that was derived from unborn children that were murdered while still inside their mothers’ wombs.
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“Since it’s using an adenovirus replication-defective vector, it is using HEK293,” Dr. Moy told LifeSiteNews. “HEK293 is an aborted fetal cell line.”
What’s worse, Ad5-nCoV probably won’t even work
Besides its unethical origins, the Ad5-nCoV more than likely will not even work as promised, Dr. Moy warns. As it turns out, there is a high incidence of immunity against Ad5, so most of the people who are injected with it will confer no protection whatsoever against the Wuhan coronavirus (COVID-19).
“I don’t envy Canadians,” Dr. Moy is further quoted as saying. “Your government and PM (prime minister) have mandated draconian policies that are anti-life … Not a good vaccine solution if pro-life or pro-choice.”
What is further confounding is the fact that Canada would even agree to contract with a vaccine company based out of China, which is where this whole crisis originated. Ad5-nCoV was reportedly also co-developed by the Beijing Institute of Biotechnology which, like all other Chinese institutions, is governed and controlled by the Chinese Communist Party (CCP).
This vaccine is said to be the first “phase 2” coronavirus vaccine, meaning it has been approved to be “safely” used in human test subjects. And the Canadian government could not be more excited about the prospect of injecting as many Canadians as possible with it to “cure” them of the Wuhan coronavirus (COVID-19).
“NRC is proud of our ongoing partnership with CanSino Biologics,” stated NRC President Iain Stewart in a recent press release.
Dr. Xuefeng Yu, chairman and CEO of CanSinoBIO, also stated in the same press release that his company has “strong connections to Canada” and is “proud to be building on past successes and continuing our ongoing partnership with the NRC to address health needs on a global scale.”
Amazingly, both the NRC and CanSinoBIO are proud of their proprietary HEK293 aborted baby cell line, which they say will help “to advance a scale-up production process for the vaccine candidate.” In other words, thanks to these aborted babies, Canada and China will be able to produce Wuhan coronavirus (COVID-19) vaccines for mass distribution much faster than normal, paving the way for a global vaccination campaign unlike anything the world has ever seen.
More of the latest news about the Wuhan coronavirus (COVID-19) is available at Pandemic.news.
Sources for this article include:
LifeSiteNews.com
NaturalNews.com
NaturalNews.com
Abortion


thedcclothesline--2020-05-25--Navy Releases Video Of High Energy Laser Weapon Destroying A Drone

The US Navy has been developing high energy laser weapons for the past several years , and just this week they announced the successful test of their most powerful iteration of this technology to date .
On Friday , the Navy ’ s Pacific Fleet issued a statement announcing that a new laser weapon destroyed a drone during recent live tests .
The press release was accompanied by photos and videos showing the tests where the drone was destroyed .
Few details were given about the test or the specifics of the weapon , aside from the fact that it @ @ @ @ @ @ @ 16th of this year .
Capt .
Karrey Sanders , commanding officer of Portland , the ship where the weapon was fired from , said that the Navy will continue to test the limits and capabilities of this new technology .
take our poll - story continues below “ By conducting advanced at sea tests against UAVs and small crafts , we will gain valuable information on the capabilities of the Solid State Laser Weapons System Demonstrator against potential threats .
With this new advanced capability , we are redefining war at sea @ @ @ @ @ @ @ s development of DEWs ( Direct Energy Weapons ) like the LWSD provide immediate warfighter benefits and provide the commander increased decision space and response options , ” Sanders said .
Lt. Cale Hughes , a laser weapons system officer explained how the laser system worked in a previous interview with CNN .
“ It is throwing massive amounts of photons at an incoming object .
We don ’ t worry about wind , we don ’ t worry about range , we don ’ t worry about anything else .
We ’ @ @ @ @ @ @ @ the speed of light , ” Hughes said .
It is believed that the weapon used was a 150-kilowatt-class Laser Weapon System Demonstrator ( LWSD ) , which is sold to the US military by the weapon contractor Northrop Grumman .
The US Army is said to be working on a laser weapon that is twice as powerful , known as the Indirect Fires Protection Capability-High Energy Laser ( IFPC-HEL ) , which is expected to range up 300 kilowatts and intercept rockets , artillery , and mortars .
John Vibes is an @ @ @ @ @ @ @ interest in the counter culture , and focuses solutions-oriented approaches to social problems .
He is also a host of The Free Your Mind Conference and The Free Thought Project Podcast .
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Get @ @ @ @ @ @ @ .
• Baltimore : Police Want Drones For 24 Hour Surveillance To Enforce Social Distancing • One AI-Powered Simulation Predicts That Coronavirus Will Kill Up To 52 Million People .
HYPE ?
Watch This Drone Footage from Hunan • Watch : How China Is Enforcing The Coronavirus Quarantine By Drone • Armies of Unidentified Drones are Appearing Over The Western U.S. After Nightfall

The US Navy has been developing high energy laser weapons for the past several years, and just this week they announced the successful test of their most powerful iteration of this technology to date. On Friday, the Navy’s Pacific Fleet issued a statement announcing that a new laser weapon destroyed a drone during recent live tests.
The press release was accompanied by photos and videos showing the tests where the drone was destroyed.
Few details were given about the test or the specifics of the weapon, aside from the fact that it occurred in the Pacific Ocean on May 16th of this year.
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Capt. Karrey Sanders, commanding officer of Portland, the ship where the weapon was fired from, said that the Navy will continue to test the limits and capabilities of this new technology.
“By conducting advanced at sea tests against UAVs and small crafts, we will gain valuable information on the capabilities of the Solid State Laser Weapons System Demonstrator against potential threats. With this new advanced capability, we are redefining war at sea for the Navy. The Navy’s development of DEWs (Direct Energy Weapons) like the LWSD provide immediate warfighter benefits and provide the commander increased decision space and response options,” Sanders said.
Lt. Cale Hughes, a laser weapons system officer explained how the laser system worked in a previous interview with CNN.
“It is throwing massive amounts of photons at an incoming object. We don’t worry about wind, we don’t worry about range, we don’t worry about anything else. We’re able to engage the targets at the speed of light,” Hughes said.
It is believed that the weapon used was a 150-kilowatt-class Laser Weapon System Demonstrator (LWSD), which is sold to the US military by the weapon contractor Northrop Grumman. The US Army is said to be working on a laser weapon that is twice as powerful, known as the Indirect Fires Protection Capability-High Energy Laser (IFPC-HEL), which is expected to range up 300 kilowatts and intercept rockets, artillery, and mortars.
Source: Truth Theory
John Vibes is an author and journalist who takes a special interest in the counter culture, and focuses solutions-oriented approaches to social problems. He is also a host of The Free Your Mind Conference and The Free Thought Project Podcast. Read More stories by John Vibes
Subscribe to Activist Post for truth, peace, and freedom news. Become an Activist Post Patron for as little as $1 per month at Patreon. Follow us on SoMee, HIVE, Flote, Minds, and Twitter.
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Drones


thedcclothesline--2020-05-25--Majority Of Democrats Want Mandatory Outdoor Face Masks

There ’ s the science of face masks and the culture of face masks .
Fifty-two percent of Republican voters support mandatory face masks in some type of public spaces , with 27 percent saying both indoor and outdoor , and 25 percent saying indoor only .
Eighty-one percent of Democrats support mandatory face masks in some public capacity , including 52 percent for both indoor and outdoor spaces and 31 percent for indoors only .
Republican voters were more than twice as likely as Democrats to say wearing face masks in public should be recommended but not mandatory , @ @ @ @ @ @ @ respectively .
take our poll - story continues below Leaving things up to people ?
That ’ s crazy .
What is this America or something ?
Masks are dubious , in indoor or outdoor spaces , but while there ’ s some argument for them in indoor spaces , there ’ s really no argument for them in outdoor spaces .
They serve no function whatsoever except virus virtue signaling .
And Democrats are , obviously , the group that is most likely to engage in pointless virtue signaling over the pandemic @ @ @ @ @ @ @ Between Brothers And Security Guards For Not Wearing Masks • Tempers Are Flaring Over Lockdown , Masks , and Money : Is All-Out Civil Unrest About to Erupt ?
• ANALYSIS : Trump ’ s re-election odds just plummeted to 1 in 8 due to his own supporters refusing to wear masks in public

There’s the science of face masks and the culture of face masks.
The argument for outdoor face masks is terrible when it comes to science, but very much a matter of culture. And that’s where the split between Republicans and Democrats gets interesting.
Fifty-two percent of Republican voters support mandatory face masks in some type of public spaces, with 27 percent saying both indoor and outdoor, and 25 percent saying indoor only.
Eighty-one percent of Democrats support mandatory face masks in some public capacity, including 52 percent for both indoor and outdoor spaces and 31 percent for indoors only.
Republican voters were more than twice as likely as Democrats to say wearing face masks in public should be recommended but not mandatory, at 31 percent and 13 percent, respectively.
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Leaving things up to people? That’s crazy. What is this America or something?
Masks are dubious, in indoor or outdoor spaces, but while there’s some argument for them in indoor spaces, there’s really no argument for them in outdoor spaces. They serve no function whatsoever except virus virtue signaling.
And Democrats are, obviously, the group that is most likely to engage in pointless virtue signaling over the pandemic.
Article posted with permission from Daniel Greenfield
h/t TWS
Masks


thedcclothesline--2020-05-25--“Shocking”: Americans Flood Beaches, Trampling Social Distancing Rules

After months of quarantine , Americans are finally breaking free from their homes this Memorial Day weekend , despite the potential consequences of sparking a second coronavirus wave .
The battle between staying sane while cooped up in a home for months versus the ongoing pandemic is a challenging situation to balance .
While some are venturing outside in absolute horror , others are putting their party face on and disregarding local public health orders .
Thousands of vacationers , few with masks and ignoring social distancing rules , flocked to Ocean City , Maryland for Memorial Day weekend .
@ @ @ @ @ @ @ state topped 45,000 , with the number of people hospitalized leveling off in the past several weeks .
On Saturday , WJZ-TV ’ s Mike Hellgren documented dense crowds wandering the boardwalk , many of whom were wearing no masks nor had any intention of staying six feet apart from one another .
take our poll - story continues below Reuters snapped a picture , also showing large crowds packed on the lower end of the boardwalk — very few people were wearing masks .
Like we noted in “ Hawaii Arrests ‘ @ @ @ @ @ @ @ , ” some Ocean City residents have become upset that vacationers are invading their town this holiday season with a complete disregard to local public health orders .
Here ’ s what one local tweeted : Jennifer Parker : “ I live in Ocean City , MD .
I haven ’ t left my home in nine weeks other than grocery shopping , and these people flock down here without a care in the world .
Shocking !
” Last week , we showed how one bar in the beach town was gearing @ @ @ @ @ @ @ .
They ordered a bunch of social distancing bumper tables for patrons .
And according to some on Twitter , Ocean City , Maryland wasn ’ t the only vacation area packed with people ignoring social distancing .
Lake of the Ozarks in central Missouri was very crowded as well .
No mask , no problem , party time in the Ozarks Officials in Daytona Beach , Florida , fully reopened the town for Memorial Day weekend and it was a complete madhouse on Saturday .
Police released helicopter footage of the party @ @ @ @ @ @ @ people in the street , while a man on top of a car throws money into the crowd .
Fights broke out on the actual beach .
As for other crowded beaches , here ’ s a live shot of Carolina Beach , North Carolina .
Live shot of no social distancing at Myrtle Beach , North Carolina .
Over the weekend , New York Governor Andrew Cuomo spoke at Jones Beach on Long Island , a popular beach for people in the Tri-state area , opened about 50 % capacity for Memorial @ @ @ @ @ @ @ New York has made since flattening the pandemic curve as it inches towards reopening .
Though as America tip-toes towards a return to normal , it ’ s becoming even clearer that a V-shaped recovery will not be seen , after one of the worst economic slumps since the 1930s could leave the economy permanently damaged .
Reuters notes as America reopens , eleven states in the last week have reported a “ record number of new coronavirus cases .
”

After months of quarantine, Americans are finally breaking free from their homes this Memorial Day weekend, despite the potential consequences of sparking a second coronavirus wave. The battle between staying sane while cooped up in a home for months versus the ongoing pandemic is a challenging situation to balance. While some are venturing outside in absolute horror, others are putting their party face on and disregarding local public health orders.
Thousands of vacationers, few with masks and ignoring social distancing rules, flocked to Ocean City, Maryland for Memorial Day weekend. This comes as COVID-19 cases in the state topped 45,000, with the number of people hospitalized leveling off in the past several weeks.
On Saturday, WJZ-TV’s Mike Hellgren documented dense crowds wandering the boardwalk, many of whom were wearing no masks nor had any intention of staying six feet apart from one another.
A look at the Ocean City, Maryland boardwalk this afternoon. The sunny weather brought out the people. Masks are encouraged but not required. @wjz #memorialdayweekend2020 pic.twitter.com/rK3gCfoZNB take our poll - story continues below Completing this poll grants you access to DC Clothesline updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use. — Mike Hellgren (@HellgrenWJZ) May 23, 2020
Reuters snapped a picture, also showing large crowds packed on the lower end of the boardwalk — very few people were wearing masks.
Ocean City, Maryland Boardwalk. h/t Reuters
Like we noted in “Hawaii Arrests ‘Rogue Tourists’ In COVID Contagion Crackdown,” some Ocean City residents have become upset that vacationers are invading their town this holiday season with a complete disregard to local public health orders.
Here’s what one local tweeted: Jennifer Parker: “I live in Ocean City, MD. I haven’t left my home in nine weeks other than grocery shopping, and these people flock down here without a care in the world. Shocking!”
Last week, we showed how one bar in the beach town was gearing up for when restaurants and bars reopen. They ordered a bunch of social distancing bumper tables for patrons.
Social Distancing Bumper Tables at Fish Tales in Ocean City, Maryland
And according to some on Twitter, Ocean City, Maryland wasn’t the only vacation area packed with people ignoring social distancing. Lake of the Ozarks in central Missouri was very crowded as well.
Ocean City, Maryland (left); Lake of the Ozarks, Missouri (right)
No mask, no problem, party time in the Ozarks
This is why my pantry is stocked, the mask and gloves are stocked, the purelll and wipes are stocked. Because too many of my fellow Americans are selfish and stupid and living in childish denial… #COVID19 #coronavirus pic.twitter.com/X3BhQX0N9Z — Andy Ostroy (@AndyOstroy) May 24, 2020
This video is on Snapchat in the Lake of the Ozarks? Unreal. What are we doing? pic.twitter.com/m0qsEQ4KLp — Max Baker (@maxbaker_15) May 24, 2020
Officials in Daytona Beach, Florida, fully reopened the town for Memorial Day weekend and it was a complete madhouse on Saturday. Police released helicopter footage of the party scene.
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VIDEO: Some of today's events (Saturday, 5/23) in Daytona Beach:https://t.co/GimwPWmE1n — Volusia Sheriff (@VolusiaSheriff) May 24, 2020
Another video showed hundreds of people in the street, while a man on top of a car throws money into the crowd.
https://twitter.com/AndySlater/status/1264548063647092736?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1264548063647092736&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fhealth%2Fshocking-crowds-flock-ocean-city-maryland-ignoring-social-distancing
Fights broke out on the actual beach.
https://twitter.com/talenroberts/status/1264394249551962116?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1264394249551962116&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fhealth%2Fshocking-crowds-flock-ocean-city-maryland-ignoring-social-distancing
As for other crowded beaches, here’s a live shot of Carolina Beach, North Carolina.
Live shot of no social distancing at Myrtle Beach, North Carolina.
CROWDS of people at Myrtle Beach today. No social distancing in sight. #TrumpDeathToll100K pic.twitter.com/CIagx47ftx — Peter Morley (@morethanmySLE) May 24, 2020
Over the weekend, New York Governor Andrew Cuomo spoke at Jones Beach on Long Island, a popular beach for people in the Tri-state area, opened about 50% capacity for Memorial Day weekend, to emphasize the progress New York has made since flattening the pandemic curve as it inches towards reopening. Though as America tip-toes towards a return to normal, it’s becoming even clearer that a V-shaped recovery will not be seen, after one of the worst economic slumps since the 1930s could leave the economy permanently damaged.
New York Governor Andrew Cuomo presser at Jones Beach. h/t NBC News
Reuters notes as America reopens, eleven states in the last week have reported a “record number of new coronavirus cases.”


thedcclothesline--2020-05-25--Global Anger Builds As Elites Worldwide Break Quarantine Rules

“ One rule for me , and another for thee ” appears to be the politically-prone mantra rapidly spreading around the world .
Opposition parties take shots at one another with America ‘ s left decrying President Trump ’ s maskless-golfing escapades… take our poll - story continues below Japanese authorities are also under pressure with Japanese Prime Minister Shinzo Abe ’ s cabinet approval rating fell 4 ppts to 29 % , lowest since the start of his second administration in Dec. 2012 , after a wave of condemnation involving a man that his administration took great pains to @ @ @ @ @ @ @ the Tokyo High Public Prosecutor ’ s Office .
On Thursday , Kurokawa stepped down after a tabloid expose said he had gambled on mahjong with journalists twice this month despite the state of emergency requesting that nonessential outings be avoided .
And the icing on the global anger cake is occurring in Britain after UK Prime Minister Boris Johnson came out in support of top aide Dominic Cummings Sunday despite his his chief aide allegedly violating the national lockdown rules that he helped to create by driving the length of England to @ @ @ @ @ @ @ infected with COVID-19 .
Defying a growing clamor from public and politicians , AP reports that Johnson said Dominic Cummings had acted “ responsibly , legally and with integrity ” when he drove 250 miles from London to Durham , in northeast England , with his wife and son at the end of March .
Cummings said he traveled to be near extended family because his wife was showing COVID-19 symptoms , he correctly thought he was also infected and he wanted to ensure that his 4-year-old son was looked after .
However @ @ @ @ @ @ @ the government expressed outrage that Cummings had broken strict rules Labour leader Keir Starmer said Johnson ’ s defense of Cummings was “ an insult to sacrifices made by the British people.
” Former Labour lawmaker Helen Goodman , whose father died in a nursing home during the outbreak , said Cummings ’ s behavior was “ repellent.
” Whether you ’ re repelled or not , most ironically , Cummings “ is the inventor of these three-word slogans : ‘ Stay at Home , ’ ‘ Protect the NHS ’ and ‘ @ @ @ @ @ @ @ reminder , elsewhere in Britain , so-called epidemiologist Neil Ferguson stepped down as government scientific adviser earlier this month after a newspaper disclosed that his girlfriend had crossed London to stay with him during the lockdown .
In April , Catherine Calderwood resigned as Scotland ’ s chief medical officer after twice traveling from Edinburgh to her second home .
Still , it seems the elites ’ ongoing belief in ordering the “ better safe than sorry ” lockdown of entire nations is facing a breaking point among the stuck-at-home , increasingly welfare-dependent @ @ @ @ @ @

“One rule for me, and another for thee” appears to be the politically-prone mantra rapidly spreading around the world.
Opposition parties take shots at one another with America‘s left decrying President Trump’s maskless-golfing escapades…
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…and the right exposing Virginia Governor Northam’s recent non-socially-distanced, maskless-beach visit.
Japanese authorities are also under pressure with Japanese Prime Minister Shinzo Abe’s cabinet approval rating fell 4 ppts to 29%, lowest since the start of his second administration in Dec. 2012, after a wave of condemnation involving a man that his administration took great pains to defend: Hiromu Kurokawa, head of the Tokyo High Public Prosecutor’s Office. On Thursday, Kurokawa stepped down after a tabloid expose said he had gambled on mahjong with journalists twice this month despite the state of emergency requesting that nonessential outings be avoided.
And the icing on the global anger cake is occurring in Britain after UK Prime Minister Boris Johnson came out in support of top aide Dominic Cummings Sunday despite his his chief aide allegedly violating the national lockdown rules that he helped to create by driving the length of England to his parents’ house while he was infected with COVID-19.
Defying a growing clamor from public and politicians, AP reports that Johnson said Dominic Cummings had acted “responsibly, legally and with integrity” when he drove 250 miles from London to Durham, in northeast England, with his wife and son at the end of March.
Cummings said he traveled to be near extended family because his wife was showing COVID-19 symptoms, he correctly thought he was also infected and he wanted to ensure that his 4-year-old son was looked after.
However, as AP notes, critics of the government expressed outrage that Cummings had broken strict rules
Labour leader Keir Starmer said Johnson’s defense of Cummings was “an insult to sacrifices made by the British people.”
“The prime minister’s actions have undermined confidence in his own public health message at this crucial time,” he said .
Former Labour lawmaker Helen Goodman, whose father died in a nursing home during the outbreak, said Cummings’s behavior was “repellent.”
Whether you’re repelled or not, most ironically, Cummings “is the inventor of these three-word slogans: ‘Stay at Home,’ ‘Protect the NHS’ and ‘Save Lives.'”
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As a reminder, elsewhere in Britain, so-called epidemiologist Neil Ferguson stepped down as government scientific adviser earlier this month after a newspaper disclosed that his girlfriend had crossed London to stay with him during the lockdown. In April, Catherine Calderwood resigned as Scotland’s chief medical officer after twice traveling from Edinburgh to her second home.
Still, it seems the elites’ ongoing belief in ordering the “better safe than sorry” lockdown of entire nations is facing a breaking point among the stuck-at-home, increasingly welfare-dependent average joe around the world.
Courtesy of Zero Hedge


thedcclothesline--2020-05-25--Maxine Waters Throws Joe Biden Under The Bus

OPINION By DINO PORRAZZO at Right Wing Tribune Can Creepy , Sleepy Joe Biden go toe to toe with President Donald J. Trump in the debates ?
Personally I think Biden will get roasted .
Can Biden actually defeat President Trump in a general election contest ?
Again , I think not and apparently the one and only Maxine Waters has her doubts as well .
When Waters was asked by Just the News senior correspondent Nicholas Ballasy if Biden could beat Trump she said- “ I don ’ t know , but we ’ ll see.
” Waters replied @ @ @ @ @ @ @ below ‘ Rep .
Maxine Waters ( D-Calif. ) , chairwoman of the House Financial Services Committee , said Tuesday she doesn ’ t know if Joe Biden has what it takes to defeat President Trump and declined to share her opinion of the former vice president ’ s fitness for office.
’ Waters noted that while she has not publically announced her support for Biden or his Democrat presidential primary rival , Sen. Bernie Sanders ( I-VT ) , it ’ s paramount that the nominee is able to unseat the president @ @ @ @ @ @ @ who you like , ” the California Democrat explained .
“ It ’ s about now watching and understanding who can beat Trump , ” Joshua Caplan at Breitbart reports .
I have news for you lady- none of you losers stand a chance beating Trump- NONE OF YOU !
Waters was then asked about Biden ’ s frequent gaffes on the campaign trail and whether his mental acuity is a cause of concern .
“ Nobody has made more gaffes and told more lies than the president of the United States of @ @ @ @ @ @ @ Trump .
“ How dare he talk about somebody ’ s gaffes ?
President Trump has repeatedly highlighted Biden ‘ s gaffes , stating earlier this month the Democrat frontrunner doesn ’ t know “ what office he ’ s running for.
” “ Sleepy Joe doesn ’ t know where he is , or what he ’ s doing , ” the president wrote on Twitter March 3rd .
“ Honestly , I don ’ t think he even knows what office he ’ s running for !
” Biden has indeed @ @ @ @ @ @ @ on multiple occasions .
President Trump ’ s jab came one day after his rally in Charlotte , North Carolina , in which he mocked Biden for erroneously urging supporters to vote for him on “ Super Thursday.
” “ Tomorrow , voters in states across the nation for Super Tuesday — not Super Thursday .
Oh , he said Super Thursday !
You can ’ t do these things .
Can you imagine if I said Super Thursday ?
I would be over , right ?
I would be over , ” @ @ @ @ @ @ @ was one of several in recent weeks .
During a campaign stop in South Carolina , the former vice president declared himself a candidate for the “ United States Senate.
” At the start of his Super Tuesday speech in Los Angeles , Biden mixed up his wife , Dr. Jill Biden , with his sister , Valerie .
In an apparent effort to prevent further gaffes , Biden ’ s speeches have been cut down to as little as seven minutes .
Join us at SPREELY if you want REAL NEWS without @ @ @ @ @ @ @ at MUMBLIT !
• Maxine Waters Says Trump Doesn ’ t Care About Coronavirus , He Only Cares About “ White Power Pep Rallies ” • Video : “ Mad Maxine ” Waters Completely Uncloaks , Showing Exactly Who Her Masters Are • “ Mad Maxine ” Waters Blames Trump Because She Can ’ t Go “ Grocery Shopping ” • Maxine Waters Was Busted for Using Taxpayers ’ Money to Pay Her Daughter ’ s Firm $ 600,000

OPINION By DINO PORRAZZO at Right Wing Tribune
Can Creepy, Sleepy Joe Biden go toe to toe with President Donald J. Trump in the debates? Personally I think Biden will get roasted.
Can Biden actually defeat President Trump in a general election contest? Again, I think not and apparently the one and only Maxine Waters has her doubts as well.
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When Waters was asked by Just the News senior correspondent Nicholas Ballasy if Biden could beat Trump she said- “I don’t know, but we’ll see.” Waters replied.
‘Rep. Maxine Waters (D-Calif.), chairwoman of the House Financial Services Committee, said Tuesday she doesn’t know if Joe Biden has what it takes to defeat President Trump and declined to share her opinion of the former vice president’s fitness for office.’
WATCH:
Waters noted that while she has not publically announced her support for Biden or his Democrat presidential primary rival, Sen. Bernie Sanders (I-VT), it’s paramount that the nominee is able to unseat the president. “It’s not about who you like,” the California Democrat explained. “It’s about now watching and understanding who can beat Trump,” Joshua Caplan at Breitbart reports.
I have news for you lady- none of you losers stand a chance beating Trump- NONE OF YOU!
Many people are questioning Biden’s ‘mental’ health.
Waters was then asked about Biden’s frequent gaffes on the campaign trail and whether his mental acuity is a cause of concern.
“Nobody has made more gaffes and told more lies than the president of the United States of America,” she quipped about President Trump. “How dare he talk about somebody’s gaffes?
President Trump has repeatedly highlighted Biden‘s gaffes, stating earlier this month the Democrat frontrunner doesn’t know “what office he’s running for.”
“Sleepy Joe doesn’t know where he is, or what he’s doing,” the president wrote on Twitter March 3rd. “Honestly, I don’t think he even knows what office he’s running for!” Biden has indeed mistaken the state he has campaigned in on multiple occasions.
President Trump’s jab came one day after his rally in Charlotte, North Carolina, in which he mocked Biden for erroneously urging supporters to vote for him on “Super Thursday.”
“Tomorrow, voters in states across the nation for Super Tuesday — not Super Thursday. Oh, he said Super Thursday! You can’t do these things. Can you imagine if I said Super Thursday? I would be over, right? I would be over,” the president said.
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The rhetorical stumble was one of several in recent weeks. During a campaign stop in South Carolina, the former vice president declared himself a candidate for the “United States Senate.” At the start of his Super Tuesday speech in Los Angeles, Biden mixed up his wife, Dr. Jill Biden, with his sister, Valerie.
In an apparent effort to prevent further gaffes, Biden’s speeches have been cut down to as little as seven minutes.
LOL! What a mess.
#TRUMP2020
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DINO PORRAZZO at Right Wing Tribune
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God Bless.
Mad Max


thedcclothesline--2020-05-25--THE FED IS NOW THE PROUD OWNER OF BANKRUPT HERTZ BONDS

On March 23 – the day the S & P dropped to its cycle low of 2,237 – the Fed stunned capital markets when it announced it would purchase investment-grade corporate bonds , traversing a Rubicon into a secondary market intervention that not even Ben Bernanke had dared to cross .
A few weeks later , on April 9 , the Fed doubled down by announcing it would purchase not only junk bonds from “ fallen angel ” issuers ( an announcement which came just days after a quarter in which a record $ 150BN in investment-grade bonds were downgraded @ @ @ @ @ @ @ of “ fallen angels ” ) , but would also buy junk bond ETFs such as HYG and JNK .
This is what the Fed ’ s Secondary Market Corporate Credit Facilities term sheet said on this topic : Naturally , the news cheered beaten-down markets and was enough to send junk bond ETFs such as JNK and HYG soaring .
take our poll - story continues below One month later , following a surge in inquiry including from the bond king Jeff Gundlach as to when the Fed would actually start buying @ @ @ @ @ @ @ it would not be able to jawbone markets anymore and would have to put its money where its term sheet was , and on May 11 the NY Fed said it would “ begin purchases of exchange-traded funds ( ETFs ) on May 12.
” And while the central bank said the focus of its ETF purchases would be on IG-focused ETFs , the New York Fed also disclosed it would start buying junk bonds ETFs as well : Then , last Thursday , we reported that as part of the Fed ’ @ @ @ @ @ @ @ the first time ever surpassed $ 7 trillion , the Fed disclosed that it also held $ 1.8 billion under Corporate Credit Facility holdings , the line item that includes purchases of both investment grade ( LQD ) and junk bonds ETFs ( HYG , JNK , etc ) .
This came two days after Powell defended the Fed ’ s program to buy junk bonds during his testimony before the Senate Banking Committee , which asked how purchases of junk bonds is “ helping folks on Main Street.
” Powell flagged that @ @ @ @ @ @ @ so-called “ fallen angels ” to ensure there is “ no cliff ” between the two lending markets ( even though as we pointed out previously , a clear cliff has formed ) , saying “ we don ’ t want to have a cliff there to where investment grade markets are working well , but the leveraged markets are not , non-investment grade markets are not.
” He then added that “ we made a very limited , narrow set of actions to support market function in these markets , including buying @ @ @ @ @ @ @ an effect to improve market function there.
” Powell concluded by saying “ we ’ re not buying junk bonds generally across the board at all , ” which of course is correct : he is merely buying ETFs that have junk bond constituents .
And this is where the Fed ’ s first major test of directly manipulating and intervening in market functioning is about to take place .
While the Fed ’ s H.4.1 statement does not breakdown how much of the $ 1.8 billion in ETF holdings is allocated to @ @ @ @ @ @ @ , it is safe to say that at least $ 1 dollar of that amount has been allocated to purchases of Junk ETFs .
That will be a problem for Powell , because a quick scan of the holdings of both HYG and JNK reveals that these junk bonds ETFs own , among the hundreds of other securities , several bonds from the just defaulted rental giant , Hertz .
Here are HYG ’ s holdings of HTZ bonds : they amount to just over $ 50MM in face value across 4 bonds @ @ @ @ @ @ @ 23.3BN in holdings across just over 1,000 bonds ) .
And here is JNK : just under $ $ 30MM in notional across 3 CUSIPs out of a total of $ 11.55BN in total assets in the ETF .
And yes , for those asking , both ETFs hold that infamous Hertz bond that was issued last November and that will default before paying a single coupon .
To be sure , we can only extrapolate but it is safe to say that the Fed ’ s holdings of both these ETFs are @ @ @ @ @ @ @ we assume that the bulk of ETF purchases have targeted the investment grade , LQD ETF ; still the fact is that as of this moment , the Fed is a holder , via BlackRock and via HYG and JNK , of bonds which are in default , and which make the Fed a part of the Hertz post-petition equity once it emerges from bankruptcy !
This means that unless the Fed somehow manages to divest of Hertz bonds that comprise its HYG and JNK holdings , the US central bank is as @ @ @ @ @ @ @ Hertz bankruptcy process , and assuming there is no liquidation , will end up owning a pro-rata stake of the post-petition equity once the company emerges from bankruptcy in the not too distant future .
What happens then nobody knows : will the Fed take a vocal position in the company ’ s future ?
Can the Fed even own equities via a debt-to-equity swap ?
What happens when hundreds of other junk bonds default and the Fed ends up owning billions in post-petition equity pro forma for equitization ?
We don ’ @ @ @ @ @ @ @ Wall Street or in Congress knows .
And we are certain that the Fed itself doesn ’ t know because , in its scramble to stabilize the bond market , it forgot that once companies file for bankruptcy ( certainly there is no discussion in the Fed ’ s term sheets of what happens once its corporate bond holdings default ) the Fed will – sooner or later – end up being an equity holder .
As a reminder , the ECB was faced with a similar scandal in Dec 2017 when it @ @ @ @ @ @ @ , but back then Mario Draghi quickly liquidated the bonds and the market pretended nothing ever happened .
The problem for Powell is that one look at the HYG and JNK holdings reveal dozens if not hundreds of companies which will file for bankruptcy within months if not weeks , suggesting the Hertz debacle is just the start of a bankruptcy flood in which the Fed will emerge as a key actor in bankruptcy court and Powell will have to explain away why it is now an equity stakeholder of bankrupt companies .
@ @ @ @ @ @ @ all these questions , hopefully as soon as this Friday when the Fed chair holds yet another video conference .

On March 23 – the day the S&P dropped to its cycle low of 2,237 – the Fed stunned capital markets when it announced it would purchase investment-grade corporate bonds, traversing a Rubicon into a secondary market intervention that not even Ben Bernanke had dared to cross. A few weeks later, on April 9, the Fed doubled down by announcing it would purchase not only junk bonds from “fallen angel” issuers (an announcement which came just days after a quarter in which a record $150BN in investment-grade bonds were downgraded to junk, starting the long-awaited tsunami of “fallen angels”), but would also buy junk bond ETFs such as HYG and JNK.
This is what the Fed’s Secondary Market Corporate Credit Facilities term sheet said on this topic:
The Facility also may purchase U.S.-listed ETFs whose investment objective is to provide broad exposure to the market for U.S. corporate bonds. The preponderance of ETF holdings will be of ETFs whose primary investment objective is exposure to U.S. investment-grade corporate bonds, and the remainder will be in ETFs whose primary investment objective is exposure to U.S. high-yield corporate bonds
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Naturally, the news cheered beaten-down markets and was enough to send junk bond ETFs such as JNK and HYG soaring.
One month later, following a surge in inquiry including from the bond king Jeff Gundlach as to when the Fed would actually start buying corporate bond ETFs, the Fed realized it would not be able to jawbone markets anymore and would have to put its money where its term sheet was, and on May 11 the NY Fed said it would “begin purchases of exchange-traded funds (ETFs) on May 12.”
And while the central bank said the focus of its ETF purchases would be on IG-focused ETFs, the New York Fed also disclosed it would start buying junk bonds ETFs as well:
As specified in the term sheet, the SMCCF may purchase U.S.-listed ETFs whose investment objective is to provide broad exposure to the market for U.S. corporate bonds. The preponderance of ETF holdings will be of ETFs whose primary investment objective is exposure to U.S. investment-grade corporate bonds, and the remainder will be in ETFs whose primary investment objective is exposure to U.S. high-yield corporate bonds.
Then, last Thursday, we reported that as part of the Fed’s record balance sheet, which for the first time ever surpassed $7 trillion, the Fed disclosed that it also held $1.8 billion under Corporate Credit Facility holdings, the line item that includes purchases of both investment grade (LQD) and junk bonds ETFs (HYG, JNK, etc).
This came two days after Powell defended the Fed’s program to buy junk bonds during his testimony before the Senate Banking Committee, which asked how purchases of junk bonds is “helping folks on Main Street.” Powell flagged that the Fed allowed for buying bonds from so-called “fallen angels” to ensure there is “no cliff” between the two lending markets (even though as we pointed out previously, a clear cliff has formed), saying “we don’t want to have a cliff there to where investment grade markets are working well, but the leveraged markets are not, non-investment grade markets are not.”
He then added that “we made a very limited, narrow set of actions to support market function in these markets, including buying ETFs, and that’s had an effect to improve market function there.”
Powell concluded by saying “we’re not buying junk bonds generally across the board at all,” which of course is correct: he is merely buying ETFs that have junk bond constituents.
And this is where the Fed’s first major test of directly manipulating and intervening in market functioning is about to take place.
While the Fed’s H.4.1 statement does not breakdown how much of the $1.8 billion in ETF holdings is allocated to investment grade and how much is junk, it is safe to say that at least $1 dollar of that amount has been allocated to purchases of Junk ETFs.
That will be a problem for Powell, because a quick scan of the holdings of both HYG and JNK reveals that these junk bonds ETFs own, among the hundreds of other securities, several bonds from the just defaulted rental giant, Hertz.
Here are HYG’s holdings of HTZ bonds: they amount to just over $50MM in face value across 4 bonds (out of a total of $23.3BN in holdings across just over 1,000 bonds).
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And here is JNK: just under $$30MM in notional across 3 CUSIPs out of a total of $11.55BN in total assets in the ETF.
And yes, for those asking, both ETFs hold that infamous Hertz bond that was issued last November and that will default before paying a single coupon.
To be sure, we can only extrapolate but it is safe to say that the Fed’s holdings of both these ETFs are modest for the time being, and we assume that the bulk of ETF purchases have targeted the investment grade, LQD ETF; still the fact is that as of this moment, the Fed is a holder, via BlackRock and via HYG and JNK, of bonds which are in default, and which make the Fed a part of the Hertz post-petition equity once it emerges from bankruptcy!
This means that unless the Fed somehow manages to divest of Hertz bonds that comprise its HYG and JNK holdings, the US central bank is as of this moment a stakeholder in the Hertz bankruptcy process, and assuming there is no liquidation, will end up owning a pro-rata stake of the post-petition equity once the company emerges from bankruptcy in the not too distant future.
What happens then nobody knows: will the Fed take a vocal position in the company’s future? Can the Fed even own equities via a debt-to-equity swap? What happens when hundreds of other junk bonds default and the Fed ends up owning billions in post-petition equity pro forma for equitization?
We don’t know; we doubt anyone on Wall Street or in Congress knows. And we are certain that the Fed itself doesn’t know because, in its scramble to stabilize the bond market, it forgot that once companies file for bankruptcy (certainly there is no discussion in the Fed’s term sheets of what happens once its corporate bond holdings default) the Fed will – sooner or later – end up being an equity holder.
As a reminder, the ECB was faced with a similar scandal in Dec 2017 when it ended up holding bonds of insolvent Steinhoff, but back then Mario Draghi quickly liquidated the bonds and the market pretended nothing ever happened. The problem for Powell is that one look at the HYG and JNK holdings reveal dozens if not hundreds of companies which will file for bankruptcy within months if not weeks, suggesting the Hertz debacle is just the start of a bankruptcy flood in which the Fed will emerge as a key actor in bankruptcy court and Powell will have to explain away why it is now an equity stakeholder of bankrupt companies.
We eagerly look forward to Powell answering all these questions, hopefully as soon as this Friday when the Fed chair holds yet another video conference.
Courtesy of SHTFplan.com