investmentwatchblog--2020-04-03--$5 Crude Could Put Canada’s Oil Sands Out Of Business

Over the last few weeks , the higher breakeven costs for oil and the lack of sufficient takeaway capacity has come back to haunt Canada ’ s oil patch .
Two months ago , the Canadian Association of Petroleum Producers ( CAPP ) was expecting upstream capital investment in Canada ’ s oil sands to grow this year from 2019 for the first increase in capital expenditures in five years due to “ a more competitive economic environment , ” thanks to new policies of the Alberta government .
It took just two months of a ‘ black swan ’ @ @ @ @ @ @ @ any competitive environment but to send Canada ’ s oil industry fighting for its life , again , just five years after the previous oil price crash from which the industry had just recovered .
Due to the price war and the demand plunge in the pandemic , the price of Western Canadian Select ( WCS ) , the benchmark price of oil from Canada ’ s oil sands delivered at Hardisty , Alberta , is US $ 5 or less these days , pushing all producers out of the profitability range and @ @ @ @ @ @ @ s oil sands industry make it through this price slump ?
The current disastrous state of the market for Canada ’ s oil raises another , existential question : as calls for climate action grow , how many investors still believe that higher-cost crude—such as Canada ’ s heavy oil—can compete economically with the low-cost barrels from Saudi Arabia ?
Investors Fled Oil Sands Even Before The 2020 Oil Price Crash After the previous crash and the subsequent downturn , international oil majors pulled out en masse from oil sands operations , divesting @ @ @ @ @ @ @ companies .
The exodus continued even when international oil prices were more than double the current levels because of pipeline shortages that weighed on Canadian oil prices .
This time around , the record low prices for Canada ’ s oil combine with a record decline in oil demand domestically and in Canada ’ s key , and almost exclusive , export market—the United States .
Oil prices in Alberta have slumped so low that a barrel of crude now costs less than the cost to ship it to the U.S. market , @ @ @ @ @ @ @ anyway because of lockdowns and stay-at-home orders .
The short-term damage for Canadian oil sands operators will come in the form of substantial financial losses and production reductions .
According to Tudor Pickering Holt & Co analyst Matt Murphy , cited by Bloomberg , around 340,000 bpd of thermal oil sands production , or 20 percent of current output , could be shut down due to the unsustainably low oil prices .
According to Wood Mackenzie , the costs in Canada ’ s oil sands are at the upper end of the curve @ @ @ @ @ @ @ weren ’ t so low .
WoodMac ’ s estimates of short-run marginal costs ( SRMC ) – that is , operating costs plus taxes and royalties – show that the oil sands need “ an unenviable US $ 45/bbl Brent , on average , to cover the cost of production before capex .
If Brent averages US $ 35/bbl for 2020 we expect corporate cash flow from the sector to be US $ 17 billion in the red.
” However , shut-ins in the oil sands would be a lot more complicated @ @ @ @ @ @ @ so the sector will first try to slash costs , then consider shut-ins , WoodMac said .
The low oil prices and the coronavirus pandemic will plunge every province in Canada into recession this year , RBC said in a note last week .
The heart of the oil industry , Alberta , will be hit the worst , and job losses in the sector will be 2-4 times higher than in 2014-2016 .
“ The combined losses in these two provinces [ Alberta and Saskatchewan ] are likely to be in the @ @ @ @ @ @ @ the overall hit to employment in the country , ” RBC said .
“ With the economy already on precarious footing , the added shocks of the recent rail blockade protests , the arrival of COVID-19 , and a collapse in oil prices have brought the country to the brink of recession , ” The Conference Board of Canada said in its Canadian Outlook Summary Spring 2020 this week .
The board expects Canada ’ s real gross domestic product ( GDP ) to grow by a mere 0.3 percent in 2020 , @ @ @ @ @ @ @ growth in 2021 .
“ The Canadian economy is reeling as the impacts of the COVID-19 pandemic ravage consumer and business spending and cratering oil prices have put a halt to the expected rebound in the energy sector , ” the board said .
Beyond the current crisis , which put an abrupt end to the oil and gas industry ’ s recovery , Canada ’ s oil sands face the existential threat of becoming sidelined on the oil market , where lower-cost producers have the economic advantage to continue supplying the world @ @ @ @ @ @ @ .
Environmentalists and proponents of electrification of transport and the energy transition are calling for the end of federal government bailouts to the Canadian oil and gas industry .
Alberta ’ s government sees the oil sands sector as ‘ too big to fail , ’ and the federal government of Canada probably sees it that way , too , especially with the massive job losses expected in the coming weeks and months .
Yet , a second major crisis in Canada ’ s oil in just five years could see some investors @ @ @ @ @ @ @ .

By Tsvetana Paraskova
Over the last few weeks, the higher breakeven costs for oil and the lack of sufficient takeaway capacity has come back to haunt Canada’s oil patch. Two months ago, the Canadian Association of Petroleum Producers (CAPP) was expecting upstream capital investment in Canada’s oil sands to grow this year from 2019 for the first increase in capital expenditures in five years due to “a more competitive economic environment,” thanks to new policies of the Alberta government.
It took just two months of a ‘black swan’ global event not only to wipe out any competitive environment but to send Canada’s oil industry fighting for its life, again, just five years after the previous oil price crash from which the industry had just recovered.
Due to the price war and the demand plunge in the pandemic, the price of Western Canadian Select (WCS), the benchmark price of oil from Canada’s oil sands delivered at Hardisty, Alberta, is US$5 or less these days, pushing all producers out of the profitability range and raising the question: Will Canada’s oil sands industry make it through this price slump?
The current disastrous state of the market for Canada’s oil raises another, existential question: as calls for climate action grow, how many investors still believe that higher-cost crude—such as Canada’s heavy oil—can compete economically with the low-cost barrels from Saudi Arabia?
Investors Fled Oil Sands Even Before The 2020 Oil Price Crash
After the previous crash and the subsequent downturn, international oil majors pulled out en masse from oil sands operations, divesting their Canadian businesses to the large local companies. The exodus continued even when international oil prices were more than double the current levels because of pipeline shortages that weighed on Canadian oil prices.
This time around, the record low prices for Canada’s oil combine with a record decline in oil demand domestically and in Canada’s key, and almost exclusive, export market—the United States. Oil prices in Alberta have slumped so low that a barrel of crude now costs less than the cost to ship it to the U.S. market, which doesn’t need it now anyway because of lockdowns and stay-at-home orders.
Production Cuts Are Coming…
The short-term damage for Canadian oil sands operators will come in the form of substantial financial losses and production reductions. According to Tudor Pickering Holt & Co analyst Matt Murphy, cited by Bloomberg, around 340,000 bpd of thermal oil sands production, or 20 percent of current output, could be shut down due to the unsustainably low oil prices.
According to Wood Mackenzie, the costs in Canada’s oil sands are at the upper end of the curve, even if international benchmark oil prices weren’t so low. WoodMac’s estimates of short-run marginal costs (SRMC) – that is, operating costs plus taxes and royalties – show that the oil sands need “an unenviable US$45/bbl Brent, on average, to cover the cost of production before capex. If Brent averages US$35/bbl for 2020 we expect corporate cash flow from the sector to be US$17 billion in the red.”
However, shut-ins in the oil sands would be a lot more complicated than in other oil production areas, so the sector will first try to slash costs, then consider shut-ins, WoodMac said.
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…And So Is Recession
The low oil prices and the coronavirus pandemic will plunge every province in Canada into recession this year, RBC said in a note last week. The heart of the oil industry, Alberta, will be hit the worst, and job losses in the sector will be 2-4 times higher than in 2014-2016.
“The combined losses in these two provinces [Alberta and Saskatchewan] are likely to be in the order of 200,000 – 20% of the overall hit to employment in the country,” RBC said.
“With the economy already on precarious footing, the added shocks of the recent rail blockade protests, the arrival of COVID-19, and a collapse in oil prices have brought the country to the brink of recession,” The Conference Board of Canada said in its Canadian Outlook Summary Spring 2020 this week.
The board expects Canada’s real gross domestic product (GDP) to grow by a mere 0.3 percent in 2020, before bouncing back with a 2.5 percent growth in 2021.
“The Canadian economy is reeling as the impacts of the COVID-19 pandemic ravage consumer and business spending and cratering oil prices have put a halt to the expected rebound in the energy sector,” the board said.
Long-term Prospects
Beyond the current crisis, which put an abrupt end to the oil and gas industry’s recovery, Canada’s oil sands face the existential threat of becoming sidelined on the oil market, where lower-cost producers have the economic advantage to continue supplying the world with oil amid growing calls for decarbonization.
Environmentalists and proponents of electrification of transport and the energy transition are calling for the end of federal government bailouts to the Canadian oil and gas industry.
Alberta’s government sees the oil sands sector as ‘too big to fail,’ and the federal government of Canada probably sees it that way, too, especially with the massive job losses expected in the coming weeks and months.
Yet, a second major crisis in Canada’s oil in just five years could see some investors bail out on the oil sands forever.
By Tsvetana Paraskova for Oilprice.com


investmentwatchblog--2020-04-03--NY Gov. Cuomo: Trump just approved our request to use the temporary hospital facility at the Javits

NY Gov. Cuomo: Trump just approved our request to use the temporary hospital facility at the Javits Center to care for COVID-19 patients.

# BREAKING : The President just approved our request to use the temporary hospital facility at the Javits Center to @ @ @ @ @

Andrew Cuomo
@NYGovCuomo
#BREAKING: The President just approved our request to use the temporary hospital facility at the Javits Center to care for COVID-19 patients.
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#BREAKING: The President just approved our request to use the temporary hospital facility at the Javits Center to care for COVID-19 patients. pic.twitter.com/VMtvCpzkPo — Andrew Cuomo (@NYGovCuomo) April 2, 2020
MP


investmentwatchblog--2020-04-03--NatSec Source: Coronavirus SET TO EXPLODE IN MEXICO; Trump Warned: “Could topple AMLO’s Govt, lead t

NatSec Source: Coronavirus SET TO EXPLODE IN MEXICO; Trump Warned: “Could topple AMLO’s Govt, lead to widespread cartel-violence”

Mexico is about to have a “ No-Shit-Sherlock Moment ” and my sources says , “ Cartels are licking their @ @ @ @ @ robbing banks , arms depots , chemical storage facilities , etc.
” ….
” Mexico @ @ @ @ @ 130 million , has only 356 ICU units , fewer than 50,000 hospital beds , @ @ @ @ @ , and just 5,523 ventilators .
That ’ s for the entire country .
( @ @ @ @ @ City alone has about 6,000 ventilators and more than 2,000 ICU beds.
” Mexico ’ @ @ @ @ @ ex-Mayor AMLO , seems to be in total denial of his nation ’ s vulnerability

Mexico is about to have a “No-Shit-Sherlock Moment” and my sources says, “Cartels are licking their chops for mass violence, robbing banks, arms depots, chemical storage facilities, etc.”
….”Mexico, with a population of 130 million, has only 356 ICU units, fewer than 50,000 hospital beds, fewer than 2,500 ICU beds, and just 5,523 ventilators. That’s for the entire country. (For context, New York City alone has about 6,000 ventilators and more than 2,000 ICU beds.”
thefederalist.com/2020/04/02/coronavirus-is-about-to-explode-in-mexico-its-time-to-secure-the-border/?fbclid=IwAR3MrTtbTdeyjpj5XkshU1f66MKIaTYIxiNeJU-agxtFBk0-zJLtc0EYyMw
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Mexico’s crazy socialist president, ex-Mayor AMLO, seems to be in total denial of his nation’s vulnerability
mexiconewsdaily.com/news/coronavirus/coronavirus-crisis-is-temporary-one/?fbclid=IwAR07OQauwdwvlePJXB_3v7tYra6WNBoGy7OsgvYCyFmceKbOTbCibtnYsMg
OR


investmentwatchblog--2020-04-03--Living paycheck to paycheck – We can’t go back to how it was. Can. Not.

The People are waking up to just how bad things are .

by zer05tar
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The People are waking up to just how bad things are.


investmentwatchblog--2020-04-03--WHO caught red handed.. this was posted after Trump closed flights from China

Every decision WHO made , every statement they ’ ve made , enhanced the spread of this virus .
They @ @ @ @ @ .
And yet Joe Scarborough says “ everybody saw this coming ” in early January @ @ @ @ @ a hack .
Just not a good one .

Every decision WHO made, every statement they’ve made, enhanced the spread of this virus. They should be held criminally liable.
WHO ON JANUARY 14:
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And yet Joe Scarborough says “everybody saw this coming” in early January. But he’s a hack. Just not a good one.
h/t GR


investmentwatchblog--2020-04-03--POTUS DROPS THE MIC ON CHUCK SCHUMER… (LETTER)

If we don ’ t clean these traitorous Democrats out of power in November , we deserve what we get @

twitter.com/SteveGuest/status/1245836620089221122
If we don’t clean these traitorous Democrats out of power in November, we deserve what we get.
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RM


investmentwatchblog--2020-04-03--Bilderberg Group has cancelled its globalist confab meeting this year because of the coronavirus

Luke Rudkowski @ Lukewearechange Holy Cow even the Bilderberg Group has cancelled its globalist confab meeting this year because of @ @ @ @ @ they don ’ t always tell the truth FYI .

Luke Rudkowski
@Lukewearechange
Holy Cow even the Bilderberg Group has cancelled its globalist confab meeting this year because of the coronavirus, officially but they don’t always tell the truth FYI.
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Holy Cow even the Bilderberg Group has cancelled its globalist confab meeting this year because of the coronavirus, officially but they don't always tell the truth FYI. #COVID19Pandemic pic.twitter.com/F89KlIn7pt — Luke Rudkowski (@Lukewearechange) April 2, 2020


investmentwatchblog--2020-04-03--NJ Gov Orders Police To Commandeer Needed Medical Supplies

TRENTON , N.J. ( CBSNewYork ) – Gov .
Phil Murphy has given New Jersey State Police orders to take @ @ @ @ @ other personal protective equipment that health care facilities need in their race to slow the @ @ @ @ @ While we look forward to these facilities cooperating with us and providing this equipment as @ @ @ @ @ ( police ) the express authority to requisition it for distribution to our acute care @ @ @ @ @ , ” said Murphy in his daily COVID-19 briefing .
“ And needless to say @ @ @ @ @ equipment.
” The order came as New Jersey saw deaths related to COVID-19 illness jumped @ @ @ @ @ total of 537 .
By Thursday , New Jersey had a total of 25,590 confirmed @ @ @ @ @ , reports CBS2 ’ s Cory James .

TRENTON, N.J. (CBSNewYork) – Gov. Phil Murphy has given New Jersey State Police orders to take N95 masks, ventilators and other personal protective equipment that health care facilities need in their race to slow the spread of coronavirus.
“While we look forward to these facilities cooperating with us and providing this equipment as needed, this order gives (police) the express authority to requisition it for distribution to our acute care hospitals and other healthcare facilities,” said Murphy in his daily COVID-19 briefing. “And needless to say, they badly need the equipment.”
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The order came as New Jersey saw deaths related to COVID-19 illness jumped 182 in 24-hours to a total of 537. By Thursday, New Jersey had a total of 25,590 confirmed coronavirus cases across the state, reports CBS2’s Cory James.
newyork.cbslocal.com/2020/04/02/coronavirus-nj-gov-orders-state-police-to-commandeer-needed-medical-supplies/


investmentwatchblog--2020-04-03--Half Humanity On Lockdown, Confirmed Cases Hit 1 Million Worldwide

Coronavirus : Half of humanity now on lockdown as 90 countries call for confinement More than 3.9 billion people , or half of the world ’ s population , have now been asked or ordered to stay at home by their governments to prevent the spread of the deadly COVID-19 virus .
Data from an AFP database collated compulsory or recommended confinements , curfews and quarantines in more than 90 countries or territories .
Due to the introduction of a curfew in Thailand ( effective from Friday ) , the threshold of 50 % of humanity will be reached .
@ @ @ @ @ @ @ Spain from coronavirus has now risen above 10,000 , according to the latest health authority figures published on Thursday .
NEW YORK ( AP ) — The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks , the swiftest , most stunning collapse the U.S. job market has ever witnessed , and economists warn unemployment could reach levels not seen since the Depression , as the economic damage piles up around the world .
The bleak news Thursday — a record-shattering 6.6 million new unemployment claims on top @ @ @ @ @ @ @ million — came as the competition for scarce ventilators , masks and other protective gear seemed to grow more desperate and deaths mounted with alarming speed in Italy , Spain and New York , the most lethal hot spot in the nation , with nearly 2,400 lives lost .
Worldwide the number of confirmed infections hit another gloomy milestone — 1 million , with more than 50,000 deaths , according to the tally kept by Johns Hopkins University .
But the true numbers are believed to be much higher , because of testing @ @ @ @ @ @ @ gone unreported , and suspicions that some countries are covering up the extent of their outbreaks .
White House expected to recommend all Americans wear masks… Looters wearing too… Residents in Texas city face $ 1,000 fine for uncovered mouth , nose… Unique Threat to the South… More young people dying there… Outbreak Among Farm Workers Would Be Catastrophic… Meat Supply System Vulnerable… Team 700 : The young doctors being asked to play god… Life-or-Death Decisions Come With Threat of Lawsuits… Nursing home infections surge…

Coronavirus: Half of humanity now on lockdown as 90 countries call for confinement
More than 3.9 billion people, or half of the world’s population, have now been asked or ordered to stay at home by their governments to prevent the spread of the deadly COVID-19 virus.
Data from an AFP database collated compulsory or recommended confinements, curfews and quarantines in more than 90 countries or territories.
Due to the introduction of a curfew in Thailand (effective from Friday), the threshold of 50% of humanity will be reached.
Meanwhile, the number of dead in Spain from coronavirus has now risen above 10,000, according to the latest health authority figures published on Thursday.
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Economic fallout mounts, worldwide cases top 1 million
NEW YORK (AP) — The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks, the swiftest, most stunning collapse the U.S. job market has ever witnessed, and economists warn unemployment could reach levels not seen since the Depression, as the economic damage piles up around the world.
The bleak news Thursday — a record-shattering 6.6 million new unemployment claims on top of last week’s unprecedented 3.3 million — came as the competition for scarce ventilators, masks and other protective gear seemed to grow more desperate and deaths mounted with alarming speed in Italy, Spain and New York, the most lethal hot spot in the nation, with nearly 2,400 lives lost.
Worldwide the number of confirmed infections hit another gloomy milestone — 1 million, with more than 50,000 deaths, according to the tally kept by Johns Hopkins University. But the true numbers are believed to be much higher, because of testing shortages, many mild cases that have gone unreported, and suspicions that some countries are covering up the extent of their outbreaks.
White House expected to recommend all Americans wear masks…
Looters wearing too…
Residents in Texas city face $1,000 fine for uncovered mouth, nose…
Unique Threat to the South…
More young people dying there…
Outbreak Among Farm Workers Would Be Catastrophic…
Meat Supply System Vulnerable…
Team 700: The young doctors being asked to play god…
Life-or-Death Decisions Come With Threat of Lawsuits…
Nursing home infections surge…


investmentwatchblog--2020-04-03--President Trump: “We’re going to have a couple of weeks, but especially a few days from now, that ar

President Trump: “We’re going to have a couple of weeks, but especially a few days from now, that are going to be horrific.”

Trump warns of ‘ horrific ’ weeks ahead as US virus death toll tops 5,000 “ We ’ re going @ @ @ @ @ weeks , starting pretty much now , but especially a few days from now , @ @ @ @ @ horrific .
”

Trump warns of ‘horrific’ weeks ahead as US virus death toll
tops 5,000
“We’re going to have a couple of weeks, starting pretty much
now, but especially a few days from now, that are going to be
horrific.”
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www.france24.com/en/20200402-usa-coronavirus-donald-trump-death-toll-andrew-cuomo-who-epidemic


investmentwatchblog--2020-04-03--“Cramer just admitted on-air the fact that in NYC fewer than 20% are making it off ventilators.” #CO

“Cramer just admitted on-air the fact that in NYC fewer than 20% are making it off ventilators.” #COVID-19

“ Cramer just admitted on-air the fact that in NYC fewer than 20 % are making it off ventilators .
@ @ @ @ @ percent of those who went on vents .
The people who wind up in ICU @ @ @ @ @ nearly all cases , die .
Whether you die with a tube down your throat @ @ @ @ @ is no tube available to shove down your throat doesn ’ t matter ; you @ @ @ @ @ ”

“Cramer just admitted on-air the fact that in NYC fewer than
20% are making it off ventilators.
Wuhan managed to save five percent of those who went on
vents.
FIVE PERCENT.
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The people who wind up in ICU on a vent, in nearly all cases,
die. Whether you die with a tube down your throat or you die
because there is no tube available to shove down your throat
doesn’t matter; you’re still dead.”
market-ticker.org/akcs-www?post=238757
h/t dr0id


investmentwatchblog--2020-04-03--My principal was spot on with this prediction: NYC would lose at least 50 percent of its kids to the

My principal was spot on with this prediction: NYC would lose at least 50 percent of its kids to the streets because…

no one at home is supervising them .
I can tell you I am only seeing about 20 percent turn @ @ @ @ @ , virtual learning .
So you have to ask , what is the 80 percent @ @ @ @ @ Well , I think this video sheds light on that .
This is truly sad @

no one at home is supervising them. I can tell you I am only seeing about 20 percent turn out for attendance on online, virtual learning. So you have to ask, what is the 80 percent doing during the day? Well, I think this video sheds light on that. This is truly sad.
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h/t Patriotic Black dude


investmentwatchblog--2020-04-03--YTD – Global Number of Deaths by Cause (figured you guys might find this interesting)

I plotted out the global number of deaths by cause to show how COVID-19 compares… .
Imagine if the world @ @ @ @ @ of death like they do with COVID-19……

by Facts-Over-Opinion
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I plotted out the global number of deaths by cause to show how COVID-19 compares…. Imagine if the world cared about these other causes of death like they do with COVID-19……


investmentwatchblog--2020-04-03--Looking away from The Great Distraction AKA COVID-19 – Other events/headlines which are currently oc

Looking away from The Great Distraction AKA COVID-19 – Other events/headlines which are currently occurring or have occurred which you should be investigating.

As much as this novel coronavirus hysteria is taking the world by storm ; ) , I believe we , the conspiracy theorists ( thank you CIA for the wonderful name ) , should really be looking at all the other events or big issues/ ’ happenings ’ occurring in the shadows or behind the scenes .
Now , you can believe what you want .
I personally believe the ‘ pandemic ’ is the greatest distraction in modern history .
I guess you could count 9/11 as another – yes , lovely people at the Pentagon , I still @ @ @ @ @ @ @ ~ $ 2.3trillion went .
Anyway , I thought we could use this thread to highlight and research other things happening that we usually would be looking into if not for this great distraction .
• 28th of March 2020 – German State of Hessen Finance Minister found dead via suicide • 18th of March 2020 – Bank of England explores Central Bank Digital Currency ( CBDC ) in new report • 27th of March 2020 – US Space Force launches satellite after short delay • 5th of March 2020 – EARN IT @ @ @ @ @ @ @ being passed Feel free to comment more I ’ ll add them .
Disclaimer : This is a guest post and it doesn ’ t represent the views of IWB .

by tfg_
As much as this novel coronavirus hysteria is taking the world by storm ;), I believe we, the conspiracy theorists (thank you CIA for the wonderful name), should really be looking at all the other events or big issues/’happenings’ occurring in the shadows or behind the scenes.
Now, you can believe what you want. I personally believe the ‘pandemic’ is the greatest distraction in modern history. I guess you could count 9/11 as another – yes, lovely people at the Pentagon, I still want to know where the elusive missing ~$2.3trillion went.
Anyway, I thought we could use this thread to highlight and research other things happening that we usually would be looking into if not for this great distraction.
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I’ll start of the list:
Feel free to comment more I’ll add them.
Disclaimer: This is a guest post and it doesn’t represent the views of IWB.


investmentwatchblog--2020-04-03--One of the most important interviews on the Internet just got even more important, because of the pa

One of the most important interviews on the Internet just got even more important, because of the pandemic, now the jigsaw of the plan for the future is almost complete, and the head architects are surely the Rockefeller Family.

First here ’ s a brief version of the post summed up quickly : - • Decades ago a highly credible investigator , Norman Dodd , discovered that the tax-exempt foundations e.g .
Rockefeller Foundation etc , wanted to make changes to society , and their tool of choice ( at that time ) was war .
• The tax-exempt foundations said they would continue to use war until they had other effective methods for making major societal changes .
• 10 years ago , a high-level Rockefeller document described details of other methods for influencing how the world evolves @ @ @ @ @ @ @ in the document was a pandemic .
• What societal changes do the Rockefellers desire ?
A former Rockefeller family friend blew the whistle on the plans the Rockefellers had for the future .
He was told they want everyone chipped for tracking and to buy/sell .
If they don ’ t like you they will turn off your chip to make it incredibly difficult for you to function in society .
Conclusion : - The Rockefellers no longer rely on war to make changes in the world , now they have other @ @ @ @ @ @ @ pandemics .
Their goal is take away our freedoms , then if we want them back we ’ ll be forced to receive vaccines to gain a digital certificate of movement which allows us to be tracked on 5G control grids .
Over time it will be placed onto a chip , which will be hard to avoid .
By then society will be cashless , making life without a chip a struggle , almost impossible .
Chief suspects for causing this pandemic = Rockefeller family and their many proxies .
This interview @ @ @ @ @ @ @ viewed as one of the most important on the Internet .
If you haven ’ t seen it before , you really must add it to your list .
Dodd was the chief investigator of the Reece Committee , his job was to look into the tax-exempt founds e.g .
Rockefeller Foundation , and to find out what they were actually up to .
In the interview he explains that the foundations are really there to make changes in the world , and that the only way they know how to make changes @ @ @ @ @ @ @ is really to start wars .
Since war was the only effective method they knew for making major changes , they would continue to use it until they had other equivalently effective methods .
10 years ago the Rockefeller Foundation released a scenario document , Page 18 , where they looked into different scenarios which could influence the way in which our world evolves , one of the scenarios analyzed was a pandemic .
So what we ’ re seeing here , is that over the decades the Rockefeller Foundation has moved on @ @ @ @ @ @ @ as a tool to make changes , now they have new tools at their disposal , like pandemics , making them the chief suspects as to who has placed the world into the current pandemic scenario .
Now , you may be wondering what kinds of changes the Rockefellers want to make to society , well one of their former friends blew the whistle in a video of similar importance to the Norman Dodd interview .
Aaron Russo was a filmmaker and a close friend with one of the Rockefellers .
Aaron was @ @ @ @ @ @ @ , which included everyone being micro-chipped in a cashless society , where one requires an implanted micro-chip for buying and selling .
If TPTB didn ’ t like what you were doing they could switch off your chip , making it almost impossible for you to function in society .
So , as Bill Gates ( who is allied with the Rockefellers ) recently admitted on Reddit , the plan is for people to have digital certificates of movement , Germany is calling them antibody certificates .
It ’ s very easy to @ @ @ @ @ @ @ , initially on your smart phone , will eventually be installed on implanted micro-chips , in case you lose your phone and for your convenience , they will say .
You won ’ t be allowed in society without one , as they will claim you may spread a virus , for you to be allowed out in public they will force you to have this , which also means receiving the vaccines and whatever ingredients eugenics enthusiasts Gates and the Rockefellers decide to put in them .
Last but not least , @ @ @ @ @ @ @ rapidly rolled out is there to track your movement by connecting with the digital certificate/chip , this is why 5G is being prioritized despite there being so much public resistance and unknown health risks .
While 4G was similar , it is nowhere near as fast and can not make as many connections , with 5G they can track us in real time .
How can the Rockefellers be stopped ?
The perfect thing about their plan is that they can keep on attacking us with wave after wave of pandemic until we @ @ @ @ @ @ @ them we need high level people in the world to get onboard , deciding enough is enough .
There needs to be arrests and all their essentially terrorist operations must be shut down once and for all , the Rockefellers and Mr Gates can no longer be tolerated as being above the law .
Disclaimer : This is a guest post and it doesn ’ t represent the views of IWB .

by gobbytree
First here’s a brief version of the post summed up quickly:-
Decades ago a highly credible investigator, Norman Dodd, discovered that the tax-exempt foundations e.g. Rockefeller Foundation etc, wanted to make changes to society, and their tool of choice (at that time) was war. The tax-exempt foundations said they would continue to use war until they had other effective methods for making major societal changes. 10 years ago, a high-level Rockefeller document described details of other methods for influencing how the world evolves, one such scenario which was suggested in the document was a pandemic. What societal changes do the Rockefellers desire? A former Rockefeller family friend blew the whistle on the plans the Rockefellers had for the future. He was told they want everyone chipped for tracking and to buy/sell. If they don’t like you they will turn off your chip to make it incredibly difficult for you to function in society.
Conclusion:- The Rockefellers no longer rely on war to make changes in the world, now they have other tools at their disposal, such as pandemics. Their goal is take away our freedoms, then if we want them back we’ll be forced to receive vaccines to gain a digital certificate of movement which allows us to be tracked on 5G control grids. Over time it will be placed onto a chip, which will be hard to avoid. By then society will be cashless, making life without a chip a struggle, almost impossible.
Chief suspects for causing this pandemic = Rockefeller family and their many proxies.
Longer version with more detail:-
This interview with the late Norman Dodd was already viewed as one of the most important on the Internet. If you haven’t seen it before, you really must add it to your list. Dodd was the chief investigator of the Reece Committee, his job was to look into the tax-exempt founds e.g. Rockefeller Foundation, and to find out what they were actually up to. In the interview he explains that the foundations are really there to make changes in the world, and that the only way they know how to make changes is through war, so their job is really to start wars. Since war was the only effective method they knew for making major changes, they would continue to use it until they had other equivalently effective methods.
10 years ago the Rockefeller Foundation released a scenario document, Page 18, where they looked into different scenarios which could influence the way in which our world evolves, one of the scenarios analyzed was a pandemic. So what we’re seeing here, is that over the decades the Rockefeller Foundation has moved on, they no longer rely on war as a tool to make changes, now they have new tools at their disposal, like pandemics, making them the chief suspects as to who has placed the world into the current pandemic scenario.
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Now, you may be wondering what kinds of changes the Rockefellers want to make to society, well one of their former friends blew the whistle in a video of similar importance to the Norman Dodd interview. Aaron Russo was a filmmaker and a close friend with one of the Rockefellers. Aaron was told their secret plans for the world, which included everyone being micro-chipped in a cashless society, where one requires an implanted micro-chip for buying and selling. If TPTB didn’t like what you were doing they could switch off your chip, making it almost impossible for you to function in society.
So, as Bill Gates (who is allied with the Rockefellers) recently admitted on Reddit, the plan is for people to have digital certificates of movement, Germany is calling them antibody certificates. It’s very easy to see how these digital certificates of movement, initially on your smart phone, will eventually be installed on implanted micro-chips, in case you lose your phone and for your convenience, they will say. You won’t be allowed in society without one, as they will claim you may spread a virus, for you to be allowed out in public they will force you to have this, which also means receiving the vaccines and whatever ingredients eugenics enthusiasts Gates and the Rockefellers decide to put in them.
Last but not least, the 5G control grid which is being rapidly rolled out is there to track your movement by connecting with the digital certificate/chip, this is why 5G is being prioritized despite there being so much public resistance and unknown health risks. While 4G was similar, it is nowhere near as fast and cannot make as many connections, with 5G they can track us in real time.
How can the Rockefellers be stopped?
The perfect thing about their plan is that they can keep on attacking us with wave after wave of pandemic until we give in. That means to stop them we need high level people in the world to get onboard, deciding enough is enough. There needs to be arrests and all their essentially terrorist operations must be shut down once and for all, the Rockefellers and Mr Gates can no longer be tolerated as being above the law.
Disclaimer: This is a guest post and it doesn’t represent the views of IWB.


investmentwatchblog--2020-04-03--Sudden Surge in Bearishness

Sudden Surge in Bearishness

The past 3 weeks have seen a huge surge in the bearish percentage among the investment advisors and newsletter writers in the Investors Intelligence survey .
Often these data are shown as the spread between the bulls and the bears , but for this week I thought it would be informative to look at just the bears alone .
And to better correlate with price action , I have plotted those data on an inverted scale in the chart above .
One important point to note in this chart is how these data have been trending toward a different range @ @ @ @ @ @ @ .
From 1990 to 2000 , the average weekly value was 35 % .
But from 2010 to present , the average is 21 % .
Part of this results from a change in who gets surveyed .
Some of the analysts and newsletter writers who were active in the 1990s have retired , and been replaced by others .
Styles of analysis have changed as well .
And the Fed has helped to keep the market aloft , so staying bearish has not worked very well in the long run and analysts @ @ @ @ @ @ @ change to less bearishness .
In their March 24 weekly report , Investors Intelligence showed 41.7 % bears , which is the highest since 2011 .
These extreme values for the bearish percentage tend to mark exhaustive bottoms for the stock market .
2008 was different , however , and we saw some protracted big readings for the bearish percentage .
One factor which is different this time is how suddenly this selloff and this rush to bearishness has come about .
To help portray that , I created this next chart , @ @ @ @ @ @ @ the bearish percentage : I have also done a little bit of trickery with the scaling , setting the lower boundary at +10 which cuts off a lot of the data .
This is intentional , and it helps us to better see what these extreme 4-week change readings mean for stock prices , without getting distracted by all of the noise in seeing all of the postings .
My data go back to 1990 , and this is the largest 4-week change in the bearish percentage in all of that time .
@ @ @ @ @ @ @ at all similar to this new record have tended to appear at moments of at least temporary exhaustion for the stock market .
No sentiment reading by itself is enough to compel the stock market to put in a bottom and start going up .
They can hint at it , but the stock market can still do whatever it wants to do .
The message to take from seeing this sentiment extreme is that there is a lot of potential energy stored up which can help the market to rebound , as @ @ @ @ @ @ @ are on the sidelines or outright bearish can be harnessed and turned into buying pressure as they see the uptrend leaving without them .

by Tom McClellan
The past 3 weeks have seen a huge surge in the bearish percentage among the investment advisors and newsletter writers in the Investors Intelligence survey. Often these data are shown as the spread between the bulls and the bears, but for this week I thought it would be informative to look at just the bears alone. And to better correlate with price action, I have plotted those data on an inverted scale in the chart above.
One important point to note in this chart is how these data have been trending toward a different range of values over the past 3 decades. From 1990 to 2000, the average weekly value was 35%. But from 2010 to present, the average is 21%. Part of this results from a change in who gets surveyed. Some of the analysts and newsletter writers who were active in the 1990s have retired, and been replaced by others. Styles of analysis have changed as well. And the Fed has helped to keep the market aloft, so staying bearish has not worked very well in the long run and analysts have made what is arguably an appropriate change to less bearishness.
In their March 24 weekly report, Investors Intelligence showed 41.7% bears, which is the highest since 2011. These extreme values for the bearish percentage tend to mark exhaustive bottoms for the stock market. 2008 was different, however, and we saw some protracted big readings for the bearish percentage.
One factor which is different this time is how suddenly this selloff and this rush to bearishness has come about. To help portray that, I created this next chart, which looks at the 4-week change in the bearish percentage:
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I have also done a little bit of trickery with the scaling, setting the lower boundary at +10 which cuts off a lot of the data. This is intentional, and it helps us to better see what these extreme 4-week change readings mean for stock prices, without getting distracted by all of the noise in seeing all of the postings.
My data go back to 1990, and this is the largest 4-week change in the bearish percentage in all of that time. The rest of the readings which are at all similar to this new record have tended to appear at moments of at least temporary exhaustion for the stock market.
No sentiment reading by itself is enough to compel the stock market to put in a bottom and start going up. They can hint at it, but the stock market can still do whatever it wants to do. The message to take from seeing this sentiment extreme is that there is a lot of potential energy stored up which can help the market to rebound, as all of the investors and analysts who are on the sidelines or outright bearish can be harnessed and turned into buying pressure as they see the uptrend leaving without them.


investmentwatchblog--2020-04-03--To Infinity! And Beyond! The story of the central banks expansion

The story of the credit crunch can be looked at through the prism of the central banks .
Their modus operandi is supposed to be action followed say two to three years later by a withdrawal of the action but the latter fizzled out at best .
The ECB back in 2011 with its two interesr-rate increases and the US Federal Reserve with its interest-rate rises and promises of so called normalisation of a couple of years or so ago .
That is before we get to the Riksbank of Sweden which has raised interest-rates into what already looks like @ @ @ @ @ @ @ The exact details now are harsh on it as we were in a pre pandemic era but they were raising rates into the trade war slowdown .
With its previous policy of running negative interest-rates in an expansion the Riksbank looks all at sea now .
In a broad sweep we got a wave of interest-rate cuts to what was then thought of as ZIRP or Zero Interest Rate Policy although most places actually stopped short of 0 % .
Remember when these were badged as emergency measures ?
Then the era of @ @ @ @ @ @ @ sovereign bonds in ever larger quantities as it became apparent that the interest-rate cuts were not cutting the mustard .
Later we got the era of credit easing as the central banks had yet another go at what the original interest-rate cuts were supposed to achieve .
Even before the Corona Virus there were signs of the system creaking as we saw the ECB ease policy yet again last autumn .
We got a sign the cupboard was getting a bit bare in the way it only cut interest-rates by 0.1 % as @ @ @ @ @ @ @ difference at all ?
Another way of looking at the conceptual problem is the way it found itself restarting QE less than a year after it had ended it .
The proclamations of the “ Euro Boom ” had disappeared pretty much as quickly as the stimulus did as we saw that Germany was finding the trade war heavy going and economic growth had essentially gone .
The response of the ECB to the pandemic has been to expand its new QE programme from the original 20 billion Euros a month to an @ @ @ @ @ @ @ Euros per day .
There was no further interest-rate cut which suggests it thinks it is at the “ lower bound ” for interest-rates which in practical terms can be defined as the lowest interest-rate they think they can apply without causing a run on the banks .
As so often policy is driven by “ The Precious !
The Precious !
“ .
Indeed one aspect of QE can be looked at like that as for example the large holdings that the Italian banks have in Italian Government Bonds are about the @ @ @ @ @ @ @ .
They are being rather spoon fed this as we saw after the “ bond spreads ” comment by ECB President Christine Lagarde at least a hint of how much lower Italian bond prices would be without The Frankfurt Whale .
There is a sub plot here however and as it does not happen often I thought I would point it out .
By effectively blocking further interest-rate cuts the Euro area banks are doing the real economy a favour as in my opinion further cuts here are only likely to make things @ @ @ @ @ @ @ the normalisation efforts ended up taking something of a U-Turn and then a full retreat as we find it back just above 0 % ( strictly the range is 0 % to 0.25 % ) .
So back to where it started but the main change in the Pandemic era is this .
As you can see that is quite a change as for example the previous peak was of the order of US $ 4.5 trillion and the normalisation efforts brought it back below US $ 4 trillion .
But according to @ @ @ @ @ @ @ Federal Reserve is offering liquidity about as fast as it thinks it can and I am omitting some of the smaller programmes as on this scale even billions are relatively insignificant It too felt it had scope for interest-rate cuts and brought Bank Rate down to 0.1 % which is its estimate of their lower band or as much as it feels the banks can take.You may note that either the UK banks are in worse shape than the Euro area ones or it feels the ECB has made a mistake .
Moving @ @ @ @ @ @ @ £200 billion which will take the total to £645 billion .
It is cracking on with this as it has bought some £4.5 billion on 3 days this week .
Last night it announced it will increase its Corporate Bond holdings to £20 billion which will at least give us a laugh !
Why ?
Well it really struggled to buy £10 billion last time although I am sure the Danes were grateful as it help prop up their shipping company Maersk , for example .
My To Infinity !
And Beyond !
@ @ @ @ @ @ @ prescient but let me now switch to the real winners here .
The first is governments who via the impact of all the QE purchases are able to borrow extraordinarily cheaply .
For example my home country the UK has a ten-year yield of 0.32 % in spite of fiscal promises such as the writing off of £13.4 billion of NHS trust debt yesterday .
Germany has announced quite a fiscal expansion yet is being paid to borrow with a ten-year yield of -0.43 % .
So the winners of the era of @ @ @ @ @ @ @ those who made them independent .
Next on the list are the banks who continue to have liquidity dripped and poured into them as well as subsidies handed out .
However if you look at their share prices you see that the real winners hear have been their management who have been able to profit in spite of the lack of a viable business model .
As for the rest of us , well if the tales I am receiving about small business borrowing are true we are somewhere between not so much @ @ @ @ @

by Shaun Richards
The story of the credit crunch can be looked at through the prism of the central banks. Their modus operandi is supposed to be action followed say two to three years later by a withdrawal of the action but the latter fizzled out at best. The ECB back in 2011 with its two interesr-rate increases and the US Federal Reserve with its interest-rate rises and promises of so called normalisation of a couple of years or so ago. That is before we get to the Riksbank of Sweden which has raised interest-rates into what already looks like a worse economic contraction than 2009. The exact details now are harsh on it as we were in a pre pandemic era but they were raising rates into the trade war slowdown. With its previous policy of running negative interest-rates in an expansion the Riksbank looks all at sea now.
In a broad sweep we got a wave of interest-rate cuts to what was then thought of as ZIRP or Zero Interest Rate Policy although most places actually stopped short of 0%. Remember when these were badged as emergency measures? Then the era of Quantitative Easing began as central banks bought sovereign bonds in ever larger quantities as it became apparent that the interest-rate cuts were not cutting the mustard. Later we got the era of credit easing as the central banks had yet another go at what the original interest-rate cuts were supposed to achieve.
The Pandemic Response
Even before the Corona Virus there were signs of the system creaking as we saw the ECB ease policy yet again last autumn. We got a sign the cupboard was getting a bit bare in the way it only cut interest-rates by 0.1% as who really believes that makes any real difference at all? Another way of looking at the conceptual problem is the way it found itself restarting QE less than a year after it had ended it. The proclamations of the “Euro Boom” had disappeared pretty much as quickly as the stimulus did as we saw that Germany was finding the trade war heavy going and economic growth had essentially gone.
The response of the ECB to the pandemic has been to expand its new QE programme from the original 20 billion Euros a month to an average of a bit over 5 billion Euros per day. There was no further interest-rate cut which suggests it thinks it is at the “lower bound” for interest-rates which in practical terms can be defined as the lowest interest-rate they think they can apply without causing a run on the banks. As so often policy is driven by “The Precious! The Precious! “. Indeed one aspect of QE can be looked at like that as for example the large holdings that the Italian banks have in Italian Government Bonds are about the only profitable activity they seem to have. They are being rather spoon fed this as we saw after the “bond spreads” comment by ECB President Christine Lagarde at least a hint of how much lower Italian bond prices would be without The Frankfurt Whale.
There is a sub plot here however and as it does not happen often I thought I would point it out. By effectively blocking further interest-rate cuts the Euro area banks are doing the real economy a favour as in my opinion further cuts here are only likely to make things worse.
US Federal Reserve
In terms of interest-rates then the normalisation efforts ended up taking something of a U-Turn and then a full retreat as we find it back just above 0% ( strictly the range is 0% to 0.25 %). So back to where it started but the main change in the Pandemic era is this.
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“(Reuters) – The Federal Reserve’s balance sheet increased to a record $5.86 trillion this week and the central bank reported greater use of some of its newly launched liquidity facilities, all part of its efforts to keep markets functioning smoothly amid heightened volatility related to the coronavirus pandemic.
In the three weeks since the Fed’s effort to limit the economic damage from the outbreak kicked into overdrive, the central bank’s balance sheet has mushroomed by roughly $1.5 trillion. It is now the equivalent of a quarter or more of the size of the U.S. economy before the crisis struck, and will certainly grow larger in the weeks ahead as the Fed keeps piling on assets and the economy likely shrinks.”
As you can see that is quite a change as for example the previous peak was of the order of US $4.5 trillion and the normalisation efforts brought it back below US $4 trillion. But according to Reuters there is more.
“The central bank continued to snap up Treasury securities, mortgage bonds and other assets, according to data released on Thursday. The Fed’s holdings of mortgage-backed securities increased to $1.46 trillion from $1.38 trillion. Treasury holdings rose to $3.34 trillion from $2.98 trillion.Use of the Fed’s central bank liquidity swap lines, which allow foreign central banks to exchange their local currency for dollars, rose to $348.5 billion Wednesday from $206.1 billion the previous week.”
Thus the Federal Reserve is offering liquidity about as fast as it thinks it can and I am omitting some of the smaller programmes as on this scale even billions are relatively insignificant
Bank of England
It too felt it had scope for interest-rate cuts and brought Bank Rate down to 0.1% which is its estimate of their lower band or as much as it feels the banks can take.You may note that either the UK banks are in worse shape than the Euro area ones or it feels the ECB has made a mistake.
Moving onto QE it has announced an extra £200 billion which will take the total to £645 billion. It is cracking on with this as it has bought some £4.5 billion on 3 days this week. Last night it announced it will increase its Corporate Bond holdings to £20 billion which will at least give us a laugh! Why? Well it really struggled to buy £10 billion last time although I am sure the Danes were grateful as it help prop up their shipping company Maersk, for example.
Comment
My To Infinity! And Beyond! theme has turned out to be rather prescient but let me now switch to the real winners here. The first is governments who via the impact of all the QE purchases are able to borrow extraordinarily cheaply. For example my home country the UK has a ten-year yield of 0.32% in spite of fiscal promises such as the writing off of £13.4 billion of NHS trust debt yesterday. Germany has announced quite a fiscal expansion yet is being paid to borrow with a ten-year yield of -0.43%. So the winners of the era of central bank “independence ” have been those who made them independent.
Next on the list are the banks who continue to have liquidity dripped and poured into them as well as subsidies handed out. However if you look at their share prices you see that the real winners hear have been their management who have been able to profit in spite of the lack of a viable business model.
As for the rest of us, well if the tales I am receiving about small business borrowing are true we are somewhere between not so much and none at all.


investmentwatchblog--2020-04-03--The Post-Virus New Normal

The Post-Virus New Normal

I don ’ t think anyone believes we will go to back to anything like January 2020 normalcy anytime soon .
We have no idea , even if restaurants and everything open , what shopping patterns will look like .
Are we learning to live on less in our isolation ?
Seeing your 401 ( k ) become a 201 ( k ) may postpone a car-buying decision or two .
My daughter ( see below ) works for a cheerleading gymnastics company .
Nationwide this is a multi-hundred-million-dollar industry .
Will they just open back up and expect all @ @ @ @ @ @ @ ?
Will their parents be able to afford it ?
We ’ re talking many tens of thousands of jobs .
Personal trainers ?
Many jobs will be under pressure .
There are 47,000 retail stores just in the U.S. We already knew there were too many as closings were becoming more frequent .
My friend Professor Michael Pettis in Beijing ( who has lived there for 20+ years ) has been documenting the return of life in Beijing .
He sees people on the streets but not many in the shops , @ @ @ @ @ @ @ out rather than buy .
Will that be the case in America and Europe ?
Speaking of stores , many have already stopped paying their rent .
Cheesecake Factory for one .
Ryanair , EasyJet and British Airways have stopped paying most rents and vendors .
Group 1 Automotive reports a 50 % to 70 % decline in March sales across its 428 dealerships in the U.S. and the UK .
The company has laid off 3,000 U.S. employees and 2,800 UK employees .
How fast do we start traveling and vacationing again @ @ @ @ @ @ @ and their employees .
I believe this experience will emotionally scar a generation .
It is going to make the political divide even worse , especially along wealth and income lines .
The U.S. and other governments can artificially prop up GDP , but for how long ?
At some point , it really does start affecting the currency ’ s buying power .
We just don ’ t know what that point is in the developed world .
The Federal Reserve has properly opened swap lines with many emerging markets , as @ @ @ @ @ @ @ bills and buy necessary supplies .
But many of their citizens are going to want a “ safer ” fiat currency .
I think many emerging markets will enact capital controls sooner rather than later .
That will really screw with their markets .
But what else can they do ?
Next month ’ s earnings season will be truly abysmal .
Close to half of S & P 500 profits come from outside the U.S. Every business is going to have a new valuation .
It is just my guess , but @ @ @ @ @ @ @ market bottom yet .
Let me close with some good news .
Even though the number of deaths is rising in the U.S. and the developed markets every day , the rate of increase is slowing in many places .
I think we will see a giant collective sigh of relief when the infection and death rates are not only dropping but the drop is accelerating .
That will be the time to think about gradually getting back into the markets .
Meanwhile , maintain your watchlist of things you want to buy @ @ @ @ @ @ @ you with this link to a letter from F. Scott Fitzgerald during his quarantine during the Spanish flu virus .
It is a short read but poignant , except for these humorous few sentences : “ The officials have alerted us to ensure we have a month ’ s worth of necessities .
Zelda and I have stocked up on red wine , whiskey , rum , vermouth , absinthe , white wine , sherry , gin , and lord , if we need it , brandy .
Please pray for us.
” @ @ @ @ @ @ @ and some are rightfully very worried for their future .
Will their jobs even exist ?
Others are seeing their work hours rise due to the “ essential ” nature of their jobs , but how long will that last ?
I do know that we will adjust and that we will all Muddle Through .
I will be with here with you .
We are all being forced to adjust to a New Normal .
And one day — although it seems far away — it will become a Post-Virus New Normal @ @ @ @ @ @ @ and family will still be as important as ever .

by John Mauldin
I don’t think anyone believes we will go to back to anything like January 2020 normalcy anytime soon. We have no idea, even if restaurants and everything open, what shopping patterns will look like.
Are we learning to live on less in our isolation? Seeing your 401(k) become a 201(k) may postpone a car-buying decision or two.
My daughter (see below) works for a cheerleading gymnastics company. Nationwide this is a multi-hundred-million-dollar industry. Will they just open back up and expect all the girls go back on day one? Will their parents be able to afford it? We’re talking many tens of thousands of jobs. Personal trainers? Many jobs will be under pressure.
There are 47,000 retail stores just in the U.S. We already knew there were too many as closings were becoming more frequent. My friend Professor Michael Pettis in Beijing (who has lived there for 20+ years) has been documenting the return of life in Beijing. He sees people on the streets but not many in the shops, except where the young go to hang out rather than buy. Will that be the case in America and Europe?
Speaking of stores, many have already stopped paying their rent. Cheesecake Factory for one. Ryanair, EasyJet and British Airways have stopped paying most rents and vendors. Group 1 Automotive reports a 50% to 70% decline in March sales across its 428 dealerships in the U.S. and the UK. The company has laid off 3,000 U.S. employees and 2,800 UK employees.
How fast do we start traveling and vacationing again? That matters to hotels, airlines and their employees. I believe this experience will emotionally scar a generation. It is going to make the political divide even worse, especially along wealth and income lines.
The U.S. and other governments can artificially prop up GDP, but for how long? At some point, it really does start affecting the currency’s buying power. We just don’t know what that point is in the developed world.
The Federal Reserve has properly opened swap lines with many emerging markets, as they need dollars in order to pay bills and buy necessary supplies. But many of their citizens are going to want a “safer” fiat currency.
I think many emerging markets will enact capital controls sooner rather than later. That will really screw with their markets. But what else can they do?
We are primarily funded by readers. Please subscribe and donate to support us!
Next month’s earnings season will be truly abysmal. Close to half of S&P 500 profits come from outside the U.S. Every business is going to have a new valuation.
It is just my guess, but I doubt we have seen the stock market bottom yet.
Let me close with some good news.
Even though the number of deaths is rising in the U.S. and the developed markets every day, the rate of increase is slowing in many places. I think we will see a giant collective sigh of relief when the infection and death rates are not only dropping but the drop is accelerating.
That will be the time to think about gradually getting back into the markets. Meanwhile, maintain your watchlist of things you want to buy at cheaper prices.
Let me leave you with this link to a letter from F. Scott Fitzgerald during his quarantine during the Spanish flu virus. It is a short read but poignant, except for these humorous few sentences:
“The officials have alerted us to ensure we have a month’s worth of necessities. Zelda and I have stocked up on red wine, whiskey, rum, vermouth, absinthe, white wine, sherry, gin, and lord, if we need it, brandy. Please pray for us.”
This quarantine is so very real, and some are rightfully very worried for their future. Will their jobs even exist? Others are seeing their work hours rise due to the “essential” nature of their jobs, but how long will that last?
I do know that we will adjust and that we will all Muddle Through. I will be with here with you.
We are all being forced to adjust to a New Normal. And one day — although it seems far away — it will become a Post-Virus New Normal. It will be one where friends and family will still be as important as ever.


investmentwatchblog--2020-04-03--Chinese billionaire Liu Dian Bo bought an Australian private hospital for $900 million in 2015. Now

Chinese billionaire Liu Dian Bo bought an Australian private hospital for $ 900 million in 2015 .
Now he shut @ @ @ @ @ healthcare workers .
Just to be clear , Healthe Care is made up of 34 @ @ @ @ @ s not just one hospital .
Liu Dian Bo bought the whole lot .
Luye @ @ @ @ @ to Seroquel and a bunch of antidepressant medications worldwide .
Suppose you ’ ll need @ @ @

Ian Miles Cheong
Verified account
@stillgray
Chinese billionaire Liu Dian Bo bought an Australian private
hospital for $900 million in 2015. Now he shut it down and
fired 800 healthcare workers.
Chinese billionaire Liu Dian Bo bought an Australian private hospital for $900 million in 2015. Now he shut it down and fired 800 healthcare workers. t.co/8JsPKBAay9 — Ian Miles Cheong (@stillgray) March 30, 2020
Ian Miles Cheong
Verified account
@stillgray
We are primarily funded by readers. Please subscribe and donate to support us!
Just to be clear, Healthe Care is made up of 34 private
hospitals. It’s not just one hospital. Liu Dian Bo bought the
whole lot.
Luye Pharma also bought the rights to Seroquel and a bunch of
antidepressant medications worldwide. Suppose you’ll need
those soon.
Just to be clear, Healthe Care is made up of 34 private hospitals. It's not just one hospital. Liu Dian Bo bought the whole lot. Luye Pharma also bought the rights to Seroquel and a bunch of antidepressant medications worldwide. Suppose you'll need those soon. — Ian Miles Cheong (@stillgray) March 30, 2020
h/t dr0id


investmentwatchblog--2020-04-03--PELOSI: Coronavirus is RACIST towards AA’s; Calls for ROLLING LOCKDOWNS

Pelosi Announces ‘ Bipartisan ’ Committee to Investigate Federal Response to Coronavirus , May Call For “ Rolling Lockdowns ” @ @ @ @ @ committee to investigate the coronavirus outbreak .
The panel will investigate the pandemic and ensure @ @ @ @ @ already approved , and may approve in the future , is spent wisely .
Investigative @ @ @ @ @ and Schiff are preparing to investigate Trump for “ mishandling ” the Coronavirus outbreak .
@ @ @ @ @ are preparing to investigate Trump for allegedly “ mishandling ” COVID-19 outbreak & they plan @ @ @ @ @ ” infection rate among blacks to suggest some kind of racial negligence .
They ’ @ @ @ @ @ rolling lockdowns ” thru next fall “ They plan to focus on “ disproportionate ” @ @ @ @ @ suggest some kind of racial negligence .
They ’ ll also call for “ rolling @ @ @ @ @ , ” Sperry said .

Pelosi Announces ‘Bipartisan’ Committee to Investigate Federal Response to Coronavirus, May Call For “Rolling Lockdowns” Through Fall
Pelosi forming House committee to investigate the coronavirus outbreak. The panel will investigate the pandemic and ensure that the funding Congress has already approved, and may approve in the future, is spent wisely.
www.nbcnews.com/politics/congress/pelosi-forming-house-committee-investigate-coronavirus-outbreak-n1175026
Investigative reporter Paul Sperry said Pelosi and Schiff are preparing to investigate Trump for “mishandling” the Coronavirus outbreak.
Paul Sperry
@paulsperry_
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DEVELOPING: Pelosi & Schiff are preparing to investigate Trump for allegedly “mishandling” COVID-19 outbreak & they plan to focus on “disproportionate” infection rate among blacks to suggest some kind of racial negligence. They’ll also call for “rolling lockdowns” thru next fall
DEVELOPING: Pelosi & Schiff are preparing to investigate Trump for allegedly "mishandling" COVID-19 outbreak & they plan to focus on "disproportionate" infection rate among blacks to suggest some kind of racial negligence. They'll also call for "rolling lockdowns" thru next fall — Paul Sperry (@paulsperry_) April 2, 2020
“They plan to focus on “disproportionate” infection rate among blacks to suggest some kind of racial negligence. They’ll also call for “rolling lockdowns” thru next fall,” Sperry said.
www.thegatewaypundit.com/2020/04/pelosi-announces-bipartisan-committee-investigate-federal-response-coronavirus-may-call-rolling-lockdowns-fall/
h/t CrsCrpr


investmentwatchblog--2020-04-03--Incredible compilation of stimulus actions taken globally. Basically, world injected liquidity the s

Incredible compilation of stimulus actions taken globally .
Basically , world injected liquidity the size of entire Chinese economy within @ @ @ @ @ Speed and magnitude of response greater than any time in history .
+Gc/btc benefit as @ @ @

Incredible compilation of stimulus actions taken globally. Basically, world injected liquidity the size of entire Chinese economy within span of a month. Speed and magnitude of response greater than any time in history. +Gc/btc benefit as new era dawns.t.co/s8mGZsahDN
— Dan Tapiero (@DTAPCAP) April 2, 2020


investmentwatchblog--2020-04-03--It really is a global shut down. Welcome to the depression. BMW CEO Says Circumstances As Serious As

It really is a global shut down. Welcome to the depression. BMW CEO Says Circumstances As Serious As Coronavirus Pandemic Can Threaten Existence Of Even Large Company

Bloomberg : Mortgage Defaults Could Pile Up at Pace That Dwarfs 2008 As many as 30 % of Americans with @ @ @ @ @ million households –- could stop paying if the U.S. economy remains closed through the summer @ @ @ @ @ an estimate by Mark Zandi , chief economist for Moody ’ s Analytics .
It @ @ @ @ @ here , landlords who depend on renters who can ’ t pay their rent now @ @ @ @ @ being able to cover their mortgage–and anyone with a service job that is a homeowner @ @ @ @ @ will also likely face default as well .
While I ’ m not sure if @ @ @ @ @ 08 ” , there most certainly has to be major action taken to prevent even @ @ @ @ @ as bad as ’ 08 .

It really is a global shut down. t.co/iYyMosuyND — Sven Henrich (@NorthmanTrader) April 3, 2020
Welcome to the depression t.co/4PHYLNpiuw — Alastair Williamson (@StockBoardAsset) April 3, 2020
Portfolio leverage as a multiple of assets in risk parity funds, estimated – @SoberLook @WSJ pic.twitter.com/VRtNxiMEFv — Rob Hager (@Rob_Hager) April 3, 2020
Bloomberg: Mortgage Defaults Could Pile Up at Pace That Dwarfs 2008
www.bloomberg.com/news/articles/2020-04-02/home-lenders-brace-for-up-to-15-million-u-s-mortgage-defaults
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As many as 30% of Americans with home loans – about 15 million households –- could stop paying if the U.S. economy remains closed through the summer or beyond, according to an estimate by Mark Zandi, chief economist for Moody’s Analytics.
It’s a vicious cycle here, landlords who depend on renters who can’t pay their rent now will result in landlords not being able to cover their mortgage–and anyone with a service job that is a homeowner that’s furloughed/laid off will also likely face default as well.
While I’m not sure if this will “dwarf ’08”, there most certainly has to be major action taken to prevent even something that’s half as bad as ’08.
Home lenders are bracing for as many as 15 million mortgage defaults in the U.S. t.co/XKbrzlNPeu — Bloomberg Asia (@BloombergAsia) April 2, 2020
Markets chart of the day: from a read on whether credit ratings agencies are poised for a rerun of 2008 financial crisis when ratings that were set too high came tumbling down, magnifying a sense of alarm t.co/tqvOv1FNUi pic.twitter.com/ihsVgyfMOz — Tony Tassell (@TonyTassell) April 3, 2020
BMW CEO SAYS CIRCUMSTANCES AS SERIOUS AS CORONAVIRUS PANDEMIC CAN THREATEN EXISTENCE OF EVEN LARGE COMPANY — *Walter Bloomberg (@DeItaOne) April 3, 2020
New York’s unemployment insurance fund is "basically insolvent” and only has enough money to cover checks for about 10 weeks t.co/4UKEnn6baq — Bloomberg Asia (@BloombergAsia) April 2, 2020
But in terms of swiftness, it is record-shattering, even surpassing the Great Crash of 1929. pic.twitter.com/3EUN1E9exH — Robin Wigglesworth (@RobinWigg) April 2, 2020
China is tiptoeing, not roaring, back. Hopes for a speedy recovery in the West once the epidemic peaks may also be misplaced. t.co/F79WyBgpna via @WSJ — Nathaniel Taplin (@nate_taplin) April 2, 2020
Some of the companies that have announced furloughs just this week alone: Disney
Neiman Marcus
Aramark
Ross Stores
JCPenney
Macy's
Gap
Sotheby's
SeaWorld
GE Aviation
Air Canada
British Airways
SoulCycle
Goodwill
Simon Property Group — Hipster (@Hipster_Trader) April 3, 2020
No words for that. pic.twitter.com/gjOL4ejZHi — Frederik Ducrozet (@fwred) April 3, 2020
March’s huge job loss numbers rival the worst months of the Great Recession, and these numbers do not include millions who filed unemployment claims toward the end of March. This is just the tip of the iceberg of what's to come. #jobsday #jobsreport t.co/kmJXMmliZ8 pic.twitter.com/h4Vvmqh8oK — Economic Policy Institute (@EconomicPolicy) April 3, 2020


investmentwatchblog--2020-04-03--Energy service stocks are truly at historic low valuations. Plenty value to be found.

The commodities-to-equity ratio is at a 50-year low .
One of our core positions still is : Oil and energy @ @ @ @ @ here and makes sense as part of the long mix .
pic.twitter.com/gITtzbxcRM

The commodities-to-equity ratio is at a 50-year low.
One of our core positions still is:
Long gold & short stocks.
Oil and energy stocks have big asymmetric upside here and makes sense as part of the long mix. pic.twitter.com/gITtzbxcRM
— Otavio (Tavi) Costa (@TaviCosta) April 2, 2020


investmentwatchblog--2020-04-03--THIS IS INTERESTING: What Everyone’s Getting Wrong About the Toilet Paper Shortage: It isn’t really

THIS IS INTERESTING: What Everyone’s Getting Wrong About the Toilet Paper Shortage: It isn’t really about hoarding. And there isn’t an easy fix.

Bottom line : There are separate consumer and office TP supply chains , and now that everyone ’ s working , and pooping , at home , the consumer chain is overstressed and the office one is , uh , backed up .
“ In short , the toilet paper industry is split into two , largely separate markets : commercial and consumer .
The pandemic has shifted the lion ’ s share of demand to the latter .
People actually do need to buy significantly more toilet paper during the pandemic — not because they ’ re making more @ @ @ @ @ @ @ they ’ re making more of them at home .
With some 75 % of the U.S. population under stay-at-home orders , Americans are no longer using the restrooms at their workplace , in schools , at restaurants , at hotels , or in airports .
Georgia-Pacific , a leading toilet paper manufacturer based in Atlanta , estimates that the average household will use 40 % more toilet paper than usual if all of its members are staying home around the clock .
That ’ s a huge leap in demand for a @ @ @ @ @ @ @ the assumption that demand is essentially constant .
It ’ s one that won ’ t fully subside even when people stop hoarding or panic-buying.
” Plus : “ While toilet paper is an extreme case , similar dynamics are likely to temporarily disrupt supplies of other goods , too — even if no one ’ s hoarding or panic-buying .
”

via medium
Bottom line: There are separate consumer and office TP supply chains, and now that everyone’s working, and pooping, at home, the consumer chain is overstressed and the office one is, uh, backed up. “In short, the toilet paper industry is split into two, largely separate markets: commercial and consumer. The pandemic has shifted the lion’s share of demand to the latter. People actually do need to buy significantly more toilet paper during the pandemic — not because they’re making more trips to the bathroom, but because they’re making more of them at home. With some 75% of the U.S. population under stay-at-home orders, Americans are no longer using the restrooms at their workplace, in schools, at restaurants, at hotels, or in airports. Georgia-Pacific, a leading toilet paper manufacturer based in Atlanta, estimates that the average household will use 40% more toilet paper than usual if all of its members are staying home around the clock. That’s a huge leap in demand for a product whose supply chain is predicated on the assumption that demand is essentially constant. It’s one that won’t fully subside even when people stop hoarding or panic-buying.”
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Plus: “While toilet paper is an extreme case, similar dynamics are likely to temporarily disrupt supplies of other goods, too — even if no one’s hoarding or panic-buying.”
h/t GR


investmentwatchblog--2020-04-03--NANCY PELOSI ON 2/24: PAY NO ATTENTION TO THESE CHINESE CORONAVIRUS FEARS. “WE THINK IT’S VERY SAFE.

NANCY PELOSI ON 2/24: PAY NO ATTENTION TO THESE CHINESE CORONAVIRUS FEARS. “WE THINK IT’S VERY SAFE.”

Trump China travel ban – January 31 , 2020 Pelosi Come to Chinatown – February 9 , 2020 .
Pelosi @ @ @ @ @ t act quick enough

Trump China travel ban – January 31, 2020
Pelosi Come to Chinatown – February 9, 2020.
Pelosi today: Trump didn’t act quick enough
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h/t GR


investmentwatchblog--2020-04-03--701,000 Jobs Lost In March, 2020, Unemployment Rises To 4.4%….And A “noticable decline” In Healthcar

701,000 Jobs Lost In March, 2020, Unemployment Rises To 4.4%….And A “noticable decline” In Healthcare Workers

( Silver Doctors Editors ) The last two weeks have been historic with regards to initial unemployment claims filings .
In just two weeks , nearly 10 million people filed for unemployment for the first time .
Needless to say , the stage was set for today ’ s Employment Situation Report , commonly called the Jobs Report , to be one of the most anticipated economic releases in quite some time .
Here ’ s what some consensus estimates were showing prior to the release , from Econoday : Notice that the concensus range was over 1,000,000 jobs wide @ @ @ @ @ @ @ at 08:30 a.m. EST , and here ’ s how the numbers came in : More from the BLS : Total nonfarm payroll employment fell by 701,000 in March , and the unemployment rate rose to 4.4 percent , the U.S. Bureau of Labor Statistics reported today .
The changes in these measures reflect the effects of the coronavirus ( COVID-19 ) and efforts to contain it .
Employment in leisure and hospitality fell by 459,000 , mainly in food services and drinking places .
Notable declines also occurred in health care and @ @ @ @ @ @ @ , retail trade , and construction .
Gold and silver so far are a whole lot of “ meh ” : Of course , we ’ re still under disconnected market conditions .
An accompanying BLS news release , in PDF form is available here , which contains charts and tables : Here ’ s the official blurb on those healthcare worker jobs : Employment in health care and social assistance fell by 61,000 in March .
Health care employment declined by 43,000 , with job losses in offices of dentists ( -17,000 @ @ @ @ @ @ @ ) , and offices of other health care practitioners ( -7,000 ) .
Over the prior 12 months , health care employment had grown by 374,000 .
In March , social assistance saw an employment decline of 19,000 , reflecting a job loss in child day care services ( -19,000 ) .
Over the prior 12 months , social assistance added 193,000 jobs .
U.S. employment plummeted last month in the first decline since 2010 , offering an initial look at the widespread devastation the coronavirus pandemic has already begun to wreak on @ @ @ @ @ @ @ 701,000 from the prior month — compared with the median forecast of economists for a 100,000 decline — according to Labor Department data Friday that mainly cover the early part of March , even before government-mandated shutdowns forced firms to lay off millions more workers .
The jobless rate jumped to 4.4 % — the highest since 2017 — from a half-century low of 3.5 % , and is expected to surge above 10 % in the coming months .

(Silver Doctors Editors) The last two weeks have been historic with regards to initial unemployment claims filings.
In just two weeks, nearly 10 million people filed for unemployment for the first time.
Needless to say, the stage was set for today’s Employment Situation Report, commonly called the Jobs Report, to be one of the most anticipated economic releases in quite some time.
Here’s what some consensus estimates were showing prior to the release, from Econoday:
Notice that the concensus range was over 1,000,000 jobs wide.
The actual report was just released at 08:30 a.m. EST, and here’s how the numbers came in:
Total employment fell by 701,000 in March
The unemployment rate rose to 4.4%
Average hourly earnings (year over year) rose by 3.1%
Labor force participation decreased to 62.7%
More from the BLS:
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Total nonfarm payroll employment fell by 701,000 in March, and the unemployment
rate rose to 4.4 percent, the U.S. Bureau of Labor Statistics reported today.
The changes in these measures reflect the effects of the coronavirus (COVID-19)
and efforts to contain it. Employment in leisure and hospitality fell by 459,000,
mainly in food services and drinking places. Notable declines also occurred in
health care and social assistance, professional and business services, retail
trade, and construction.
“Noticeable declines also occurred in health care”
Gold and silver so far are a whole lot of “meh”:
Of course, we’re still under disconnected market conditions.
An accompanying BLS news release, in PDF form is available here, which contains charts and tables:
Here’s the official blurb on those healthcare worker jobs:
Employment in health care and social assistance fell by 61,000 in March. Health care employment declined by 43,000, with job losses in offices of dentists (-17,000), offices of physicians (-12,000), and offices of other health care practitioners (-7,000). Over the prior 12 months, health care employment had grown by 374,000. In March, social assistance saw an employment decline of 19,000, reflecting a job loss in child day care services (-19,000). Over the prior 12 months, social assistance added 193,000 jobs.
Some MSM coverage, via Bloomberg:
U.S. employment plummeted last month in the first decline since 2010, offering an initial look at the widespread devastation the coronavirus pandemic has already begun to wreak on the once-strong labor market. Payrolls fell 701,000 from the prior month — compared with the median forecast of economists for a 100,000 decline — according to Labor Department data Friday that mainly cover the early part of March, even before government-mandated shutdowns forced firms to lay off millions more workers. The jobless rate jumped to 4.4% — the highest since 2017 — from a half-century low of 3.5%, and is expected to surge above 10% in the coming months.
Developing…


investmentwatchblog--2020-04-03--Shutting Down the Global Postal System

Shutting Down the Global Postal System

your public and private blog is the first I read every morning , it is my briefing .
I received this email today ( 31.03.2020 ) from a friend living in Switzerland about sending me a package via normal mail … “ this morning , I wanted to ship xxxxx and xxxxx to Greece , and as long as there is the virus blockade , there is no shipping possible .
Besides , at the post office , they gave me a flyer because of new , world-wide regulations of World Postal Union and International Post Corporation that letters up @ @ @ @ @ @ @ registered beforehand , since Jan. 2020 , so that the recipient country knows about the content before shipping – the declaration can here be done online for free or at a post office with an extra fee… .
But anyhow , they told me that they won ’ t be able to accept anything at the moment… .
So the envelope will wait here until there is better “ virus weather ” … ” This coup d ’ etat is very real .
All the best from Greece .
Warmest and kindest regards @ @ @ @ @ @ @ all about money .
They want both taxes and to prevent people from shipping gold , cash , anything that can be used as a monetary instrument .
Keep in mind you are also dealing with the lowest level of government workers .
I tried to send as a gift a Roman coin in a necklace .
They said it was illegal to send money in the mail .
I tried to explain this was a Roman coin from a government that ended in 476AD .
They said it was still money and @ @ @ @ @ @ @ anymore .
I took it back refiled the form and called it an antique and then it was fine .

by Martin Armstrong
COMMENT: Dear Martin,
your public and private blog is the first I read every morning, it is my briefing.
I received this email today (31.03.2020) from a friend living in Switzerland about sending me a package via normal mail …
We are primarily funded by readers. Please subscribe and donate to support us!
“this morning, I wanted to ship xxxxx and xxxxx to Greece, and as long as there is the virus blockade, there is no shipping possible.
Besides, at the post office, they gave me a flyer because of new, world-wide regulations of World Postal Union and International Post Corporation that letters up to 2 kg have to be digitally registered beforehand, since Jan. 2020, so that the recipient country knows about the content before shipping – the declaration can here be done online for free or at a post office with an extra fee….
But anyhow, they told me that they won’t be able to accept anything at the moment….
So the envelope will wait here until there is better “virus weather”… ”
This coup d’etat is very real.
All the best from Greece.
Warmest and kindest regards H
REPLY: Yes, this is all about money. They want both taxes and to prevent people from shipping gold, cash, anything that can be used as a monetary instrument. Keep in mind you are also dealing with the lowest level of government workers. I tried to send as a gift a Roman coin in a necklace. They said it was illegal to send money in the mail. I tried to explain this was a Roman coin from a government that ended in 476AD. They said it was still money and illegal. I didn’t bother anymore. I took it back refiled the form and called it an antique and then it was fine.


investmentwatchblog--2020-04-03--As Bodies Pile Up In NYC, Chicago Nurse Quits Job For Not Being Able To Wear Personal N-95 Mask To T

As Bodies Pile Up In NYC, Chicago Nurse Quits Job For Not Being Able To Wear Personal N-95 Mask To Treat Coronavirus Patient

It seems like Americans are finally coming to terms with the grim reality… ( by Half Dollar ) Before the economic decision was made to abruptly suspend Silver Doctors Live , we were discussing coronavirus back when we were simply calling it the Wuhan Coronavirus .
Indeed , we began covering it on January 20th , and just before we suspended the live-streams , we were covering it five days per week between Silver Doctors and Rethinking the Dollar .
If you want to fully understand what is happening in the US right now , just go back and watch @ @ @ @ @ @ @ January 24th on ( the 20th coverage was minimal ) , and you will understand everything that ’ s happening now was discussed well in advance .
Perhaps understanding gold , silver , the economy and the markets , being a US Army Iraq War Combat Veteran , and also having worked under contract for both the CDC and the National Institutes of Health curses me with the ability to see the horrible things coming before others do ?
Or else I ’ m just the dumbest lucky person alive , or the @ @ @ @ @ @ @ say , I ’ ve been wondering when we ’ d see the bodies piling up in the USA .
Well , it seems we have to wonder no longer .
Take it with a grain of salt , of course : Some still shots of the video above , in case it gets deleted by the censors : There are other videos of bodies piling up in NYC .
Here are just a few more : The surging death toll is one thing that will get much , much worse before it @ @ @ @ @ @ @ , including but not limited these three reasons : • The state of health of the average American is already questionable .
• Medical services/equipment are simply not available to everybody who needs themn .
• Healthcare workers get sick , quarantined , die , or decide not to go to war with no weapons .
Speaking of healthcare workers , in one of our earlier coronavirus-dominant Silver Doctors Live shows , and please excuse me as my memory escapes me to exactly which show it was , but a caller called-in to @ @ @ @ @ @ @ , and he said many healthcare workers would simply walk-off the job if they did not have the proper equipment or training , which they did not have .
And so it appears , again , taken at face value , this is exactly what is happening .
Here ’ s the story of one nurse in Chicago : There ’ s really no reason to believe this is fake news .
At any rate , let ’ s let her tell her story , in her own words : “ America is @ @ @ @ @ @ @ being protected ” .

It seems like Americans are finally coming to terms with the grim reality…
(by Half Dollar) Before the economic decision was made to abruptly suspend Silver Doctors Live, we were discussing coronavirus back when we were simply calling it the Wuhan Coronavirus.
Indeed, we began covering it on January 20th, and just before we suspended the live-streams, we were covering it five days per week between Silver Doctors and Rethinking the Dollar.
If you want to fully understand what is happening in the US right now, just go back and watch those shows, in order, from January 24th on (the 20th coverage was minimal), and you will understand everything that’s happening now was discussed well in advance.
Perhaps understanding gold, silver, the economy and the markets, being a US Army Iraq War Combat Veteran, and also having worked under contract for both the CDC and the National Institutes of Health curses me with the ability to see the horrible things coming before others do?
Or else I’m just the dumbest lucky person alive, or the luckiest dumb person alive.
Take your pick.
Needless to say, I’ve been wondering when we’d see the bodies piling up in the USA.
Well, it seems we have to wonder no longer.
Here’s a round-up from Twitter.
Take it with a grain of salt, of course:
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Some still shots of the video above, in case it gets deleted by the censors:
There are other videos of bodies piling up in NYC.
Here are just a few more:
Two trailers are now needed to handle Wyckoff Heights overwhelmed morgue. Be safe and quarantine new york. #COVIDー19 #nyccoronavirus pic.twitter.com/mkFucfNzVE — Marc Koz (@mjkoz) April 1, 2020
The surging death toll is one thing that will get much, much worse before it gets better, and for several reasons, including but not limited these three reasons:
The state of health of the average American is already questionable.
Medical services/equipment are simply not available to everybody who needs themn.
Healthcare workers get sick, quarantined, die, or decide not to go to war with no weapons.
Speaking of healthcare workers, in one of our earlier coronavirus-dominant Silver Doctors Live shows, and please excuse me as my memory escapes me to exactly which show it was, but a caller called-in to the show who worked in a hospital, and he said many healthcare workers would simply walk-off the job if they did not have the proper equipment or training, which they did not have.
And so it appears, again, taken at face value, this is exactly what is happening.
Here’s the story of one nurse in Chicago:
There’s really no reason to believe this is fake news.
At any rate, let’s let her tell her story, in her own words:
“America is not prepared. The nurses are not being protected”.
Developing…


investmentwatchblog--2020-04-03--Trump campaign quietly calling restaurants & sending take-out orders to hospitals & other locations

Trump campaign quietly calling restaurants & sending take-out orders to hospitals & other locations for doctors and other first responders

Since last Thursday , President Trump ’ s reelection campaign has been calling up local restaurants and ordering large amounts @ @ @ @ @ to more than a dozen hospitals in New York , New Jersey , Washington state @ @ @ @ @ has been placing these orders anonymously , but Fox News learned about the effort — @ @ @ @ @

Link to article:
www.foxnews.com/politics/trump-campaign-donates-meals-coronavirus
Since last Thursday, President Trump’s reelection campaign has been calling up local restaurants and ordering large amounts of food to be delivered to more than a dozen hospitals in New York, New Jersey, Washington state and Michigan. The campaign has been placing these orders anonymously, but Fox News learned about the effort — and sources confirmed it.


investmentwatchblog--2020-04-03--The US will only be issuing passports in “life-or-death emergencies,” in an effort to contain the sp

The US will only be issuing passports in “life-or-death emergencies,” in an effort to contain the spread of COVID-19

“ Life-or-death emergencies ” include any serious illness , injury or death in the immediate family that would require travel @ @ @ @ @ applicants must provide proof like “ a death certificate , a statement from a mortuary @ @ @ @ @ from a hospital or medical professional , ” according to the State Department .

“Life-or-death emergencies” include any serious illness, injury or death in the immediate family that would require travel within three days, and applicants must provide proof like “a death certificate, a statement from a mortuary, or a signed letter from a hospital or medical professional,” according to the State Department.
nypost.com/2020/04/03/us-issuing-passports-in-emergencies-amid-coronavirus/


investmentwatchblog--2020-04-03--State Dept Travel Advisory- all Americans return from abroad NOW.

Looks like things are escalating Patriots .
Stay safe and Godspeed .
“ The Department of State advises U.S. citizens to avoid all international travel due to the global impact of COVID-19 .
In countries where commercial departure options remain available , U.S. citizens who live in the United States should arrange for immediate return to the United States , unless they are prepared to remain abroad for an indefinite period .
At present the Department of State is making every effort to assist U.S. citizens overseas who wish to return to the United States .
As the Covid-19 situation @ @ @ @ @ @ @ assistance working with commercial airlines or arranging for evacuation flights may become more limited or even unavailable .
In recent weeks , commercial airlines have significantly reduced flight schedules and countries have closed airports and borders with little advance notice .
If you wish to return to the United States , you should make arrangements to do so now and contact the nearest U.S. Embassy or Consulate for assistance as needed .
There is no guarantee that the Department of State will be able to continue to provide repatriation assistance and transportation options @ @ @ @ @ @ @ in the future .
If you choose to remain overseas , you should be prepared to remain where you are for the foreseeable future .
”

The Department of State urges Americans not to delay travel home. Transportation options may soon be unavailable. t.co/pGVLT6SbDV pic.twitter.com/W068bEYOCx — Travel – State Dept (@TravelGov) April 2, 2020
Looks like things are escalating Patriots. Stay safe and Godspeed.
“The Department of State advises U.S. citizens to avoid all international travel due to the global impact of COVID-19. In countries where commercial departure options remain available, U.S. citizens who live in the United States should arrange for immediate return to the United States, unless they are prepared to remain abroad for an indefinite period. At present the Department of State is making every effort to assist U.S. citizens overseas who wish to return to the United States. As the Covid-19 situation develops, our ability to provide such assistance working with commercial airlines or arranging for evacuation flights may become more limited or even unavailable. In recent weeks, commercial airlines have significantly reduced flight schedules and countries have closed airports and borders with little advance notice. If you wish to return to the United States, you should make arrangements to do so now and contact the nearest U.S. Embassy or Consulate for assistance as needed. There is no guarantee that the Department of State will be able to continue to provide repatriation assistance and transportation options to the United States may be unavailable in the future. If you choose to remain overseas, you should be prepared to remain where you are for the foreseeable future.”
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AC


investmentwatchblog--2020-04-03--Legacy Media Ad Revenue is Down Because of Coronavirus: HAHAHA!

So is mine but I don ’ t over-spend seven figures on ad agencies , gold trim for my carpet @ @ @ @ @ .

So is mine but I don’t over-spend seven figures on ad agencies, gold trim for my carpet, or 5,000 dollar cameras.
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