investmentwatchblog--2020-08-17--S&P concentration increasingly concentrated – tech and health care close to 55% of SPX. With 90% of

S&P concentration increasingly concentrated – tech and health care close to 55% of SPX. With 90% of companies reported, S&P 500 GAAP earnings are down 53% over the last year, S&P 500 Sales down 11%.

S & P concentration increasingly concentrated – tech and health care close to 55 % of SPX t.co/Bz9aOeKafX With 90 @ @ @ @ @ S & P 500 GAAP earnings are down 53 % over the last year , @ @ @ @ @ down 11 % .
$ SPX pic.twitter.com/nbsFoAAMaH

S&P concentration increasingly concentrated – tech and health care close to 55% of SPX t.co/Bz9aOeKafX
With 90% of companies reported, S&P 500 GAAP earnings are down 53% over the last year, S&P 500 Sales down 11%. $SPX pic.twitter.com/nbsFoAAMaH
— Charlie Bilello (@charliebilello) August 16, 2020


investmentwatchblog--2020-08-17--LOL: Students demand university offer ‘safe’ rides home at night after defunding police.

• Students at Binghamton University are calling on the school to reinstate its Safe Ride program during late night to early morning hours .
• The students demanded the service ’ s return to help keep them safe .
• The calls come just two months after the university announced plans to defund the police .
Binghamton University announced in June that they are reallocating a portion of the campus police department ’ s budget to other campus services such as “ mental health.
” Just two months later , students are now petitioning the university to provide them with @ @ @ @ @ @ @ them “ feel safe.
” Specifically , students at Binghamton are calling for the school to resume its “ Safe Ride ” program .
Safe Ride is a form of on-campus transportation provided by the university from 9 p.m. to 3 a.m. during the school year .
If students feel unsafe walking on the campus between these hours , they can call this service and be driven to their destination .
The program is run by the Binghamton ’ s Transportation and Parking Services , but it was not scheduled to operate this @ @ @ @ @ @ @ The university stated that “ the size of the vehicles does not allow for social distancing , creating a risk to student drivers .
”

via campusreform:
Students at Binghamton University are calling on the school to reinstate its Safe Ride program during late night to early morning hours.
The students demanded the service’s return to help keep them safe.
The calls come just two months after the university announced plans to defund the police.
Binghamton University announced in June that they are reallocating a portion of the campus police department’s budget to other campus services such as “mental health.” Just two months later, students are now petitioning the university to provide them with car rides home at night to make them “feel safe.”
Specifically, students at Binghamton are calling for the school to resume its “Safe Ride” program.
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Safe Ride is a form of on-campus transportation provided by the university from 9 p.m. to 3 a.m. during the school year. If students feel unsafe walking on the campus between these hours, they can call this service and be driven to their destination.
The program is run by the Binghamton’s Transportation and Parking Services, but it was not scheduled to operate this fall because of coronavirus safety concerns. The university stated that “the size of the vehicles does not allow for social distancing, creating a risk to student drivers.”


investmentwatchblog--2020-08-17--The Democrats Are Screwed: Even Joe Kennedy Can’t Get Traction Anymore

Joe Kennedy the whiz kid well behind a socialist : archive.vn/tGHPG

Joe Kennedy the whiz kid well behind a socialist: archive.vn/tGHPG
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investmentwatchblog--2020-08-17--Politico Reports Obama Less Than Enthusiastic For Biden’s Candidacy… Former Obama Speechwriter Laugh

Politico Reports Obama Less Than Enthusiastic For Biden’s Candidacy… Former Obama Speechwriter Laughs At Media Claims Kamala Harris Is A “Moderate.”

FORMER OBAMA SPEECHWRITER LAUGHS AT MEDIA CLAIMS KAMALA HARRIS IS A “ MODERATE.
” Kamala Harris is not a moderate @ @ @ @ @ ” you mean not a commie .
By every objective measure , she is on @ @ @ @ @ Demcoratic Party .
Her policy history and behavior is wacky , as I documented the @ @ @ @ @ would be the Democratic VP nominee , Flashbacks to Kamala Harris ’ wacky policies and @ @ @ @ @ claim made as to why she is “ moderate ” is that she was a @ @ @ @ @ she was an abusive prosecutor .
Abusing power as a prosecutor does not make her @ @ @ @ @ dangerous .

FORMER OBAMA SPEECHWRITER LAUGHS AT MEDIA CLAIMS KAMALA HARRIS IS A “MODERATE.”
Kamala Harris is not a moderate, unless by “moderate” you mean not a commie. By every objective measure, she is on the far left of the Demcoratic Party.
Her policy history and behavior is wacky, as I documented the day Joe Biden announced she would be the Democratic VP nominee, Flashbacks to Kamala Harris’ wacky policies and behavior.
The most common claim made as to why she is “moderate” is that she was a prosecutor. True, but she was an abusive prosecutor.
Abusing power as a prosecutor does not make her moderate. It makes her dangerous.


investmentwatchblog--2020-08-17--NOTHING TO SEE HERE. MOVE ALONG. USPS appears to be retiring vital machines ahead of mail-in ballot

NOTHING TO SEE HERE. MOVE ALONG. USPS appears to be retiring vital machines ahead of mail-in ballot surge.

The United States Postal Service is reportedly retiring mail sorting machines .
According to Postmaster general Louis DeJoy , the @ @ @ @ @ dire ” financial situation , citing significant falls in mail volume , “ a broken @ @ @ @ @ inadequate management strategy as reasons for the “ impending liquidity crisis.
” Dejoy has been @ @ @ @ @ role in June , including organizational restructuring and a management hiring freeze , saying they @ @ @ @ @ strengthen the Postal Service.
” But there appear to be moves that he might have @ @ @ @ @ reporting that the USPS is also retiring mail sorting machines around the country “ without @ @ @ @ @ given.
” The office of the USPS Inspector General and its media representatives have yet @ @ @ @ @ s requests for confirmation .

The United States Postal Service is reportedly retiring mail sorting machines. According to Postmaster general Louis DeJoy, the agency is in a “dire” financial situation, citing significant falls in mail volume, “a broken business model” and an inadequate management strategy as reasons for the “impending liquidity crisis.” Dejoy has been implementing changes since assuming the role in June, including organizational restructuring and a management hiring freeze, saying they’re meant to “strengthen the Postal Service.”
But there appear to be moves that he might have left out. Vice is reporting that the USPS is also retiring mail sorting machines around the country “without any official explanation or reason given.” The office of the USPS Inspector General and its media representatives have yet to respond to Engadget’s requests for confirmation.


investmentwatchblog--2020-08-17--Youtuber breaks down the mentality of what it is to blindy follow the narrative

Comedian Youtuber does a satire on what it ’ s like to believe everything the MSM tells you .
Quite @ @ @ @ @ you might like it .
It ’ s relieving to see that so many other @ @ @ @ @ situation so ridiculous .

Comedian Youtuber does a satire on what it’s like to believe everything the MSM tells you. Quite funny and accurate. Thought you might like it. It’s relieving to see that so many other people also find the whole situation so ridiculous.
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h/t farrydarry[


investmentwatchblog--2020-08-17--You don’t have to like Trump, but after seeing this, you can’t vote for Joe Biden. His incompetent c

You don’t have to like Trump, but after seeing this, you can’t vote for Joe Biden. His incompetent candidacy is not enough to lead a nation.

Here are a ton of Biden ’ s horrible moments here from the news and the DNC .
And then @ @ @ @ @ things about him that make you sick to your stomach .
If you ’ re @ @ @ @ @ sure it ’ s anybody but him .

Here are a ton of Biden’s horrible moments here from the news and the DNC. And then you hear about the worse things about him that make you sick to your stomach. If you’re going to vote, make sure it’s anybody but him.
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h/t shookqueen


investmentwatchblog--2020-08-17--OUT ON A LIMB: Left-wing media owes Sarah Palin host of apologies.

After Palin wowed the Republican convention crowd with her speech , CNN analyst Jeffrey Toobin lashed out : “ I thought , very smug , very sarcastic , very cutting .
And you know what ?
The Republicans had been trying to portray her as a victim for the last couple days .
Well , she ’ s not going to be a victim anymore .
She ’ s going to be a target.
” New York Times columnist David Carr echoed Eleanor Clift in underlining the media ’ s sexist contempt : “ Before Gov .
Sarah Palin came @ @ @ @ @ @ @ for the Republican convention in St. Paul , there was a lot of sniggering in media rooms and satellite trucks about her beauty queen looks and rustic hobbies , and the suggestion that she was better suited to be a calendar model for a local auto body shop than a holder of the second-highest office in the land.
” Everyone who watches the left-wing media can see that you can be intensely sexist toward Sarah Palin and no one will ever apologize .
To them , conservative Blacks aren ’ t really Black @ @ @ @ @ @ @ Latino ; and conservative women aren ’ t really women .

via bostonherald:
After Palin wowed the Republican convention crowd with her speech, CNN analyst Jeffrey Toobin lashed out: “I thought, very smug, very sarcastic, very cutting. And you know what? The Republicans had been trying to portray her as a victim for the last couple days. Well, she’s not going to be a victim anymore. She’s going to be a target.”
New York Times columnist David Carr echoed Eleanor Clift in underlining the media’s sexist contempt: “Before Gov. Sarah Palin came flying in from the wilds of Alaska for the Republican convention in St. Paul, there was a lot of sniggering in media rooms and satellite trucks about her beauty queen looks and rustic hobbies, and the suggestion that she was better suited to be a calendar model for a local auto body shop than a holder of the second-highest office in the land.”
Everyone who watches the left-wing media can see that you can be intensely sexist toward Sarah Palin and no one will ever apologize. To them, conservative Blacks aren’t really Black; conservative Latinos aren’t really Latino; and conservative women aren’t really women.


investmentwatchblog--2020-08-17--Twitter and Biden campaign trying hard to suppress it.

Y ’ all keep this👇🏿 going .
Twitter and Biden campaign trying hard to suppress it.pic.twitter.com/HJ08c95rvR

Y’all keep this👇🏿 going. Twitter and Biden campaign trying hard to suppress it.pic.twitter.com/HJ08c95rvR
— Jerome Kingston (@jrmkingston) August 14, 2020


investmentwatchblog--2020-08-17--Will this be “The Great Double-Top”?

Will this be “The Great Double-Top”?

literally can not find More than a very few analysts who is calling the markets lower right now Into critical @ @ @ @ @ terms of price , relationships , economic conditions and macro .
I do not think @ @ @ @ @ the situation more insane than this

literally cannot find More than a very few analysts who is calling the markets lower right now Into critical timing extreme aberrant behavior in terms of price, relationships, economic conditions and macro. I do not think that I have ever seen the situation more insane than this
— mcm-ct.com (@mcm_ct) August 17, 2020


investmentwatchblog--2020-08-17--George Gammon talks inflation, gold and silver, being a contrarian and how COVID is destroying liber

George Gammon talks inflation, gold and silver, being a contrarian and how COVID is destroying liberty

George Edward Gammon is an American real estate investor and entrepreneur .
He produces and stars in a popular YouTube @ @ @ @ @ , George started , owned , and operated multiple businesses ranging from conventions to advertising @ @ @ @ @ 24 million in annual revenues and over 100 employees .
After 12 years as a @ @ @ @ @ age of 38 , George semi retired and shifted his focus to real estate , @ @ @ @ @ flipped 40+ properties in and out of the United States .
Recently focusing on Medellin @ @ @ @ @ a multi million dollar real estate portfolio which focuses on buying distressed properties , remodeling @ @ @ @ @ .
Currently , in addition to running his real estate investments , George produces “ @ @ @ @ @ YouTube Channel that will help you build and protect wealth through investing , real estate @ @ @ @ @ the economic RED PILL .

Quoth the Raven, Released on 8/15/20
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George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and shifted his focus to real estate, where he has remodeled and flipped 40+ properties in and out of the United States. Recently focusing on Medellin, Colombia. He controls a multi million dollar real estate portfolio which focuses on buying distressed properties, remodeling, and selling or renting. Currently, in addition to running his real estate investments, George produces “George Gammon“, a YouTube Channel that will help you build and protect wealth through investing, real estate and an extreme dose of the economic RED PILL.


investmentwatchblog--2020-08-17--Jordan Roy-Byrne Discusses Warren Buffett Buying Over 20 Million Shares Of Barrick Gold

The Buffet news and there ’ s also news that David Einhorn ’ s Greenlight Capital bought GDX , are @ @ @ @ @ to adopt and recognize the new bull market in Gold and precious metals .
These @ @ @ @ @ expensive things and they aren ’ t flippers .
Jordan Roy-Byrne , CMT is a @ @ @ @ @ of the Market Technicians Association..
He is the publisher and editor of TheDailyGold Premium , @ @ @ @ @ timing and stock selection for the sophisticated investor , as well as TheDailyGold Global , @ @ @ @ @ which covers global capital markets .

The Daily Gold, Released on 8/14/20
The Buffet news and there’s also news that David Einhorn’s Greenlight Capital bought GDX, are signals of the mainstream starting to adopt and recognize the new bull market in Gold and precious metals. These guys don’t buy expensive things and they aren’t flippers.
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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.


investmentwatchblog--2020-08-17--Peter Schiff: The Fed Can’t Print Purchasing Power

Peter covers the monetary metals , the definition of inflation , the political landscape , the dollar and hidden tax @ @ @ @ @ Schiff is an internationally recognized economist specializing in the foreign equity , currency and gold @ @ @ @ @ his name as President and Chief Global Strategist of Euro Pacific Capital .
He frequently @ @ @ @ @ and investment conferences , and is quoted often in the print media , including the @ @ @ @ @ .
His broadcast credits include regular guest appearances on CNBC , Fox Business , CNN @ @ @ @ @ News Channel , as well as hosting his own weekly radio show , Wall Street @ @ @ @ @ also the author of the bestselling books : Crash Proof 2.0 , The Little Book @ @ @ @ @ Markets : , and The Real Crash : America ’ s Coming Bankruptcy – How @ @ @ @ @ Country .

Peter covers the monetary metals, the definition of inflation, the political landscape, the dollar and hidden tax that inflation is.
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Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal , New York Times , Barron’s , BusinessWeek , Time and Fortune . His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.


investmentwatchblog--2020-08-17--Democrats Are Using Coronavirus Crisis As A Political Weapon (VIDEO)

So much has changed in the United States since the beginning of the Coronavirus pandemic back in late March and @ @ @ @ @ endured economy crippling lock downs , people have lost jobs , and their savings .
@ @ @ @ @ his show , Tucker Carlson pointed out how Democrats have used this crisis to their @ @ @ @ @ regard for the suffering of average Americans .
The Democrats will do anything to try @ @ @ @ @ and they don ’ t care who suffers as a result .
It ’ s @ @ @ @ @ .

So much has changed in the United States since the beginning of the Coronavirus pandemic back in late March and early April.
Americans have endured economy crippling lock downs, people have lost jobs, and their savings.
In a recent monologue on his show, Tucker Carlson pointed out how Democrats have used this crisis to their advantage politically, with little regard for the suffering of average Americans.
trulytimes.com/democrats-are-using-coronavirus-crisis-as-a-political-weapon-video.html
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This is absolutely correct.
The Democrats will do anything to try to win this November, and they don’t care who suffers as a result.
It’s just collateral damage to them.
h/t Collins


investmentwatchblog--2020-08-17--Tesla will soar 15% to record highs on China demand and battery dominance, Wedbush bull says

With Battery Day and demand recovery on the horizon , Tesla ’ s 2020 rally may still be in its @ @ @ @ @ Wedbush analyst Dan Ives .
The analyst raised his price target for the automaker ’ @ @ @ @ @ from $ 1,800 on Monday while maintaining a “ neutral ” rating on the stock @ @ @ @ @ implies a 15 % jump from Friday ’ s close and would place shares at @ @ @

www.businessinsider.com/tesla-stock-price-target-raised-wedbush-china-demand-battery-day-2020-8
With Battery Day and demand recovery on the horizon, Tesla’s 2020 rally may still be in its early days, according to Wedbush analyst Dan Ives.
The analyst raised his price target for the automaker’s shares to $1,900 from $1,800 on Monday while maintaining a “neutral” rating on the stock. The new 12-month target implies a 15% jump from Friday’s close and would place shares at record highs.


investmentwatchblog--2020-08-17--Highly infectious strain detected. The highly infectious Covid-19 mutation, known as D614G, has been

Highly infectious strain detected. The highly infectious Covid-19 mutation, known as D614G, has been detected in the country.

KUALA LUMPUR : The highly infectious Covid-19 mutation , known as D614G , has been detected in the country .
@ @ @ @ @ Research detected the mutation in three cases from the Sivagangga cluster and another from the @ @ @ @ @ director-general Datuk Dr Noor Hisham Abdullah , who disclosed this , said the virus with @ @ @ @ @ infectious and “ found to be 10 times easier to infect other individuals ” .
@ @ @ @ @ spread if spread by superspreader individuals .
So far , the two clusters are under @ @ @ @ @ swift public health intervention .
“ These are initial tests and several follow-up tests are @ @ @ @ @ cases , including the index case for the two clusters , ” he said in @ @ @ @ @

KUALA LUMPUR: The highly infectious Covid-19 mutation, known as D614G, has been detected in the country.
The Malaysian Institute for Medical Research detected the mutation in three cases from the Sivagangga cluster and another from the Ulu Tiram cluster.
Health director-general Datuk Dr Noor Hisham Abdullah, who disclosed this, said the virus with the D614G mutation was highly infectious and “found to be 10 times easier to infect other individuals”.“It is easier to spread if spread by superspreader individuals. So far, the two clusters are under control as a result of swift public health intervention.
“These are initial tests and several follow-up tests are being conducted to test other cases, including the index case for the two clusters,” he said in a Facebook posting yesterday.


investmentwatchblog--2020-08-17--Europe’s No-Go Zones: List of 900 EU area

EUROPE has nearly a thousand ‘ no-go ’ areas where authorities have simply lost control due to the high number @ @ @ @ @ sensationally claimed tonight .
London , Paris , Stockholm and Berlin are among the major @ @ @ @ @ a bombshell list of 900 lawless zones with large immigrant populations .
The shock dossier @ @ @ @ @ government , backs up claims made by Donald Trump in December that there are large @ @ @ @ @ where police are now too afraid to patrol due to radical Islamist extremism .
Ministers @ @ @ @ @ wrote in their report that authorities had “ no control ” over residents in these @ @ @ @ @ growth of radical Islam is “ increasing the terrorist risk and imperilling our culture ” @

EUROPE has nearly a thousand ‘no-go’ areas where authorities have simply lost control due to the high number of immigrants, it was sensationally claimed tonight.
London, Paris, Stockholm and Berlin are among the major European cities that feature on a bombshell list of 900 lawless zones with large immigrant populations.
The shock dossier, released by the Hungarian government, backs up claims made by Donald Trump in December that there are large swathes of Britain and Europe where police are now too afraid to patrol due to radical Islamist extremism.
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Ministers from the central European nation wrote in their report that authorities had “no control” over residents in these neighbourhoods, adding that the growth of radical Islam is “increasing the terrorist risk and imperilling our culture”.
www.express.co.uk/news/world/657520/Europe-no-go-900-EU-areas-police-lost-control


investmentwatchblog--2020-08-17--Trump To PARDON Edward Snowden? – How Freeing Snowden & Ross Ulbricht Could SAVE Trump’s Presidency!

Josh Sigurdson reports on the recent news that Trump is considering possibly pardoning Edward Snowden .
Following a New York Post article and interview , news broke that President Donald Trump said that “ A lot of people think that Edward Snowden is not being treated fairly.
” Trump went on to say he ’ s looking very closely at possibly pardoning Snowden .
Edward Snowden is renowned for NSA leaks which lead to his exile in Moscow .
The fact that people who expose criminality and corruption are the ones in hiding or in cages says everything you need @ @ @ @ @ @ @ Ulbricht has been locked in a cage for years for building a website .
Michael Edwards has been locked up for 27 years for a non-violent offense .
Julian Assange has been locked up and is reportedly being tortured for passing on facts from other people .
This needs to end now .
Trump ’ s presidency could potentially be saved by pardons .
Besides , it ’ s the right thing to do regardless .
These innocent people should not be in cages for telling the truth or for non-violent offenses .

Josh Sigurdson reports on the recent news that Trump is considering possibly pardoning Edward Snowden.
Following a New York Post article and interview, news broke that President Donald Trump said that “A lot of people think that Edward Snowden is not being treated fairly.” Trump went on to say he’s looking very closely at possibly pardoning Snowden.
Edward Snowden is renowned for NSA leaks which lead to his exile in Moscow.
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The fact that people who expose criminality and corruption are the ones in hiding or in cages says everything you need to know about modern society. Ross Ulbricht has been locked in a cage for years for building a website. Michael Edwards has been locked up for 27 years for a non-violent offense. Julian Assange has been locked up and is reportedly being tortured for passing on facts from other people.
This needs to end now. Trump’s presidency could potentially be saved by pardons. Besides, it’s the right thing to do regardless. These innocent people should not be in cages for telling the truth or for non-violent offenses.


investmentwatchblog--2020-08-17--Algorithm Determined Student Grades. Chaos Ensued

RESULTS DAY HAS a time-worn rhythm , full of annual tropes : local newspaper pictures of envelope-clutching girls jumping in the air in threes and fours , columnists complaining that exams have gotten far too easy , and the same five or six celebrities posting worthy Twitter threads about why exam results don ’ t matter because everything worked out alright for them .
But this year , it ’ s very different .
The coronavirus pandemic means exams were canceled and replaced with teacher assessments and algorithms .
It has created chaos .
In Scotland , the government was @ @ @ @ @ @ @ of thousands of students were downgraded by an algorithm that changed grades based on a school ’ s previous performance and other factors .
Anticipating similar scenes for today ’ s A-level results , the government in England has introduced what it ’ s calling a ‘ triple lock ’ —whereby , via stages of appeals , students will effectively get to choose their grade from a teacher assessment , their mock exam results , or a resit to be taken in the autumn .
While that should help reduce some injustices , @ @ @ @ @ @ @ a disproportionate effect on students from disadvantaged backgrounds , with knock-on effects on their university applications and careers .
The mess shines a light on huge , long-term flaws in the assessment , exams , and university admissions systems that systematically disadvantage pupils from certain groups .

RESULTS DAY HAS a time-worn rhythm, full of annual tropes: local newspaper pictures of envelope-clutching girls jumping in the air in threes and fours, columnists complaining that exams have gotten far too easy, and the same five or six celebrities posting worthy Twitter threads about why exam results don’t matter because everything worked out alright for them.
But this year, it’s very different. The coronavirus pandemic means exams were canceled and replaced with teacher assessments and algorithms. It has created chaos.
In Scotland, the government was forced to completely change tack after tens of thousands of students were downgraded by an algorithm that changed grades based on a school’s previous performance and other factors. Anticipating similar scenes for today’s A-level results, the government in England has introduced what it’s calling a ‘triple lock’—whereby, via stages of appeals, students will effectively get to choose their grade from a teacher assessment, their mock exam results, or a resit to be taken in the autumn.
While that should help reduce some injustices, the results day mess could still have a disproportionate effect on students from disadvantaged backgrounds, with knock-on effects on their university applications and careers. The mess shines a light on huge, long-term flaws in the assessment, exams, and university admissions systems that systematically disadvantage pupils from certain groups.


investmentwatchblog--2020-08-17--Man interviews liberals and reads Biden quotes while pretending that they’re from Trump — witness li

Man interviews liberals and reads Biden quotes while pretending that they’re from Trump — witness liberal hypocrisy when the truth is revealed!

People in D.C. seem to hate things that Trump says .
Watch their reaction when they find out it was @ @ @ @ @ .

People in D.C. seem to hate things that Trump says. Watch their reaction when they find out it was actually something Joe Biden said.
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AC


investmentwatchblog--2020-08-17--16-year-old rescued from human trafficking was locked in MICHIGAN BARN – 27 CHILDREN MISSING OFF GRI

16-year-old rescued from human trafficking was locked in MICHIGAN BARN – 27 CHILDREN MISSING OFF GRID

FLINT , Mich – Genesee County Sheriff Chris Swanson and deputies went throughout Genesee County on Friday searching for 27 @ @ @ @ @ and off the grid .
Genesee County Sheriff ’ s Office conducted a sweep with @ @ @ @ @ Team , or “ GHOST , ” searching for 27 missing children .
Five recent @ @ @ @ @ have resulted in 17 arrests .
MICHIGAN SHERIFF ’ S OFFICE SWEEP FINDS 7 MISSING @ @ @ @ @ OF HUMAN TRAFFICKING The Genesee County Sheriff ’ s Office conducted a sweep with the @ @ @ @ @ , searching for 27 missing children who had “ fallen off the grid .
”

nbc25news.com/news/local/sheriff-swanson-16-year-old-rescued-from-human-trafficking-was-locked-in-a-barn
FLINT, Mich – Genesee County Sheriff Chris Swanson and deputies went throughout Genesee County on Friday searching for 27 children who have been missing and off the grid.
–
Genesee County Sheriff's Office conducted a sweep with the Genesee Human Oppression Strike Team, or "GHOST," searching for 27 missing children. Five recent GHOST operations targeting sexual predators have resulted in 17 arrests. #Q17 #SaveOurChildren t.co/pE2ekQ2KS7 — Click (@C_L_I_C_K) August 16, 2020
Genesee County Sheriff’s Office conducted a sweep with the Genesee Human Oppression Strike Team, or “GHOST,” searching for 27 missing children.
Five recent GHOST operations targeting sexual predators have resulted in 17 arrests.
We are primarily funded by readers. Please subscribe and donate to support us!
–
www.wtsp.com/amp/article/news/crime/michigan-sheriffs-office-sweep-finds-7-missing-kids-including-16-year-old-victim-of-human-trafficking/531-dc2995d1-cc52-4443-b0cd-ec011cc51fdf?__twitter_impression=true
MICHIGAN SHERIFF’S OFFICE SWEEP FINDS 7 MISSING KIDS, INCLUDING 16-YEAR-OLD VICTIM OF HUMAN TRAFFICKING
The Genesee County Sheriff’s Office conducted a sweep with the Genesee Human Oppression Strike Team, searching for 27 missing children who had “fallen off the grid.”
AC


investmentwatchblog--2020-08-17--Death Valley hits 130 DEGREES – the hottest temperature on Earth EVER

The hottest temperature on Earth ever recorded may have been reached on Sunday afternoon , as the mercury in California @ @ @ @ @ 130 degrees .
The temperature was reached at 3:41pm .
Pacific time on Sunday , @ @ @ @ @ Service .
If verified , the reading would break Death Valley ’ s previous August @ @ @ @ @ the Weather Service tweeted .
‘ Everything I ’ ve seen so far indicates that @ @ @ @ @ ’ said Randy Cerveny , who leads the World Meteorological Organization ’ s weather and @ @ @ @

The hottest temperature on Earth ever recorded may have been reached on Sunday afternoon, as the mercury in California‘s Death Valley hit 130 degrees.
The temperature was reached at 3:41pm. Pacific time on Sunday, according to the National Weather Service.
If verified, the reading would break Death Valley’s previous August record by three degrees, the Weather Service tweeted.
‘Everything I’ve seen so far indicates that is a legitimate observation,’ said Randy Cerveny, who leads the World Meteorological Organization’s weather and climate extremes team.


investmentwatchblog--2020-08-17--Huge protest in Belarus – apparently more than 1 million!

Youtube seems to be censoring this particular video .
When you do a Youtube search on “ belarus protest ” @ @ @ @ @ videos where they claim “ thousand ” of protestors .
According to this video , @ @ @ @ @ more than 1 million !
The population of Belarus is roughly 10 million , so @ @ @ @ @ % of the population .
MINSK , Belarus ( AP ) — European Council President @ @ @ @ @ an emergency summit of EU leaders to discuss the presidential election in Belarus and the @ @ @ @ @ the polls .
Noting that the video conference would take place on Wednesday at 1000 @ @ @ @ @ “ the people of Belarus have the right to decide on their future and freely @ @ @ @ @

Youtube seems to be censoring this particular video.
When you do a Youtube search on “belarus protest”, you get only MSM videos where they claim “thousand” of protestors.
According to this video, however, the number is more than 1 million!
The population of Belarus is roughly 10 million, so that’s about 10% of the population.
EU president calls emergency summit on Belarus elections
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MINSK, Belarus (AP) — European Council President Charles Michel on Monday convened an emergency summit of EU leaders to discuss the presidential election in Belarus and the crackdown in the wake of the polls.
Noting that the video conference would take place on Wednesday at 1000 GMT, Michel tweeted that “the people of Belarus have the right to decide on their future and freely elect their leader.”
apnews.com/d67642e432766cd663181a0ee2992cd5
vAv


investmentwatchblog--2020-08-17--Massive International Study Shows Countries with Early HCQ Use Had 79% Lower Mortality Rate

IN ARGENTINA THEY ARE IN THIS MODE : “ OH WE HAVE TO WAIT UNTIL THE VACCINE FOR EVERYTHING ” @ @ @ @ @ available ?

IN ARGENTINA THEY ARE IN THIS MODE:
“OH WE HAVE TO WAIT UNTIL THE VACCINE FOR EVERYTHING”
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What about safe protocols already available?
h/t SS


investmentwatchblog--2020-08-17--Flu in the Southern Hemisphere has ‘practically disappeared.’

But in the Southern Hemisphere—where winter began to descend nearly two months ago—the annual influx of flu and respiratory virus @ @ @ @ @ ” the Wall Street Journal ’ s David Luhnow and Alice Uribe report .
According @ @ @ @ @ Chile has recorded 1,134 seasonal respiratory infections so far this year , compared with 20,949 @ @ @ @ @ same time period last year .
And in the first two weeks of July , @ @ @ @ @ of flu season in the Southern Hemisphere , Chile reported no new cases of the @ @ @ @ @ a doctor in Chile , said although physicians “ keep checking for the other viruses @ @ @ @ @ seeing is [ Covid-19 ] .
” She added , “ We were surprised by @ @ @ @ @ viruses like influenza .
We never dreamed it would practically disappear.
” For the first @ @ @ @ @ will be no flu season in South Africa

But in the Southern Hemisphere—where winter began to descend nearly two months ago—the annual influx of flu and respiratory virus patients “never came,” the Wall Street Journal’s David Luhnow and Alice Uribe report.
According to Luhnow and Uribe, Chile has recorded 1,134 seasonal respiratory infections so far this year, compared with 20,949 such infections during over the same time period last year. And in the first two weeks of July, which typically is the height of flu season in the Southern Hemisphere, Chile reported no new cases of the flu.
Claudia Cortés, a doctor in Chile, said although physicians “keep checking for the other viruses … all we’re seeing is [Covid-19].” She added, “We were surprised by the decline in the other viruses like influenza. We never dreamed it would practically disappear.”
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www.advisory.com/daily-briefing/2020/07/24/coronavirus-restrictions
For the first time in 36 years there will be no flu season in South Africa
www.news24.com/news24/southafrica/investigations/for-the-first-time-in-36-years-there-will-be-no-flu-season-in-south-africa-20200807


investmentwatchblog--2020-08-17--Dropshipping: The hustlers making millions from goods they never handle

The process is simple : the dropshipper goes to an online Chinese marketplace and identifies a cheap product .
The @ @ @ @ @ website , suggesting the product is made in the US or Europe , and adds @ @ @ @ @ dropshipper uses social media for promotion , often paying influencers to add legitimacy .
When @ @ @ @ @ the seller collects the customer ’ s money , and only then do they buy @ @ @ @ @ the product is shipped directly to the customer from China .

Chinese goods
The process is simple: the dropshipper goes to an online Chinese marketplace and identifies a cheap product.
The seller sets up a flashy website, suggesting the product is made in the US or Europe, and adds a huge mark-up.
The dropshipper uses social media for promotion, often paying influencers to add legitimacy.
We are primarily funded by readers. Please subscribe and donate to support us!
When an order is received, the seller collects the customer’s money, and only then do they buy the product.
Finally, the product is shipped directly to the customer from China.
www.bbc.com/news/technology-53759932?utm_source=pocket-newtab


investmentwatchblog--2020-08-17--NYC Has Lost All Population Gains for Last 70 Years – People Finally Waking Up

Anyone that can afford to get out is leaving .
800,000 so far .
Just this year .
They finally pushed people too far there .
It was not the taxes .
Not the high prices .
It was the loss of freedom and the loss of police protection .
Companies leaving .
Its an economic meltdown .
Pretty soon they won ’ t be able to afford to pick up the garbage .
The rats are going to start getting aggressive .
Labor Statistics for the New York City Region Andrew Cuomo Begs Wealthy New Yorkers to Not Flee @ @ @ @ @ @ @ D-N.Y. ) has turned to begging wealthy New York City residents to come back after many of them have fled the city due to the coronavirus lockdowns and the Black Lives Matter riots , as reported by Fox News .
The wealthiest New Yorkers have fled over the course of the last five months , heading either upstate , the Hamptons on the northeast side of Long Island , or to the neighboring state of Connecticut .
At a press conference , Cuomo recounted how he has talked to many of his wealthy @ @ @ @ @ @ @ , and are now “ in their Hampton house…or in their Hudson Valley house or in their Connecticut weekend house , and I say , ‘ You got ta come back , when are you coming back ?
’ ” 49 People Shot In Last 72 Hours In New York As City Hits Its “ Expiration Date ” The gentrified New York City that made the Big Apple the envy of billionaires , oligarchs , child molesters and money laundering criminals from around the world is no more , and in its place @ @ @ @ @ @ @ 1970s .
According to Gothamist , between Thursday and Saturday , 49 people were shot in the largest city in the United States , as the uptick in gun violence continues this summer and is rushing to catch up with that other progressive paradise , Chicago .
Putting the surge in context , the number of people shot over the three days is five times more than the eight who were shot during the same days last year according to the Washington Examiner .
While most of the shooting victims were merely wounded @ @ @ @ @ @ @ by gunshot wounds over the 3-day interval , compared to three homicides that took place during the same time last year .
Year to date , there have been 1,087 shooting victims so far in 888 different incidents throughout the city , roughly double the crime observed in 2019 .
Last year at this time , there had been 577 shooting victims in 488 incidents in New York City .
“ Ghost Town ” : Shocking Dystopian Video Of NYC Shows An Abandoned And Boarded Up 5th Avenue De Blasio ’ s New @ @ @ @ @ @ @ : the once bustling city is now on the verge of looking like a demilitarized zone .
Between the pandemic and the riots in the city , iconic 5th Avenue now looks more like a dystopian nightmare in a recently shot video posted to Twitter .
The video follows a car driving down a deserted 5th Avenue , with almost all of the area ’ s high end stores boarded up and shut down .
There are few people seen on what is usually a busy street .
“ Look at everything .
@ @ @ @ @ @ @ the hotel .
Boarded up , ” the video ’ s narrator , who is obviously fed up with how the city looks , says .
How NYC championed broken windows policing and threw it away .
Experts weigh in on how to save New York City post-coronavirus .

Anyone that can afford to get out is leaving. 800,000 so far.
Just this year.
They finally pushed people too far there. It was not the taxes. Not the high prices. It was the loss of freedom and
the loss of police protection.
15,000 apartments for rent. Rent dropping. Tax base eroding.
Companies leaving. Its an economic meltdown. Pretty soon they won’t be able to afford to pick up the garbage.
The rats are going to start getting aggressive.
Labor Statistics for the New York City Region
Private sector jobs in New York City fell by 758,400 over-the-year to 3,322,100 in June 2020. Losses were widespread and occurred in leisure and hospitality (-278,900), trade, transportation, and utilities (-136,700), professional and business services (-113,400), educational and health services (-73,900), other services (-54,800), natural resources, mining, and construction (-38,200), financial activities (-34,200), manufacturing (-14,700), and information (-13,200).
Andrew Cuomo Begs Wealthy New Yorkers to Not Flee New York City
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Governor Andrew Cuomo (D-N.Y.) has turned to begging wealthy New York City residents to come back after many of them have fled the city due to the coronavirus lockdowns and the Black Lives Matter riots, as reported by Fox News. The wealthiest New Yorkers have fled over the course of the last five months, heading either upstate, the Hamptons on the northeast side of Long Island, or to the neighboring state of Connecticut. At a press conference, Cuomo recounted how he has talked to many of his wealthy friends who have since left the city, and are now “in their Hampton house…or in their Hudson Valley house or in their Connecticut weekend house, and I say, ‘You gotta come back, when are you coming back?’”
49 People Shot In Last 72 Hours In New York As City Hits Its “Expiration Date”
The gentrified New York City that made the Big Apple the envy of billionaires, oligarchs, child molesters and money laundering criminals from around the world is no more, and in its place is the hellish New York from the 1970s. According to Gothamist, between Thursday and Saturday, 49 people were shot in the largest city in the United States, as the uptick in gun violence continues this summer and is rushing to catch up with that other progressive paradise, Chicago. Putting the surge in context, the number of people shot over the three days is five times more than the eight who were shot during the same days last year according to the Washington Examiner. While most of the shooting victims were merely wounded, at least six people were killed by gunshot wounds over the 3-day interval, compared to three homicides that took place during the same time last year. Year to date, there have been 1,087 shooting victims so far in 888 different incidents throughout the city, roughly double the crime observed in 2019. Last year at this time, there had been 577 shooting victims in 488 incidents in New York City.
“Ghost Town”: Shocking Dystopian Video Of NYC Shows An Abandoned And Boarded Up 5th Avenue
De Blasio’s New York has finally hit an all-time low: the once bustling city is now on the verge of looking like a demilitarized zone. Between the pandemic and the riots in the city, iconic 5th Avenue now looks more like a dystopian nightmare in a recently shot video posted to Twitter. The video follows a car driving down a deserted 5th Avenue, with almost all of the area’s high end stores boarded up and shut down. There are few people seen on what is usually a busy street. “Look at everything. Everything’s boarded up. Even the hotel. Boarded up,” the video’s narrator, who is obviously fed up with how the city looks, says.
Don't know who recorded it but I downloaded this yesterday He's single handedly wrecked Manhattan Ghost town "Beirut DeBlasio" without the explosion pic.twitter.com/5I48ZGcWTZ — tadgermania (@tadgermania) August 7, 2020
“BUT NYC ALWAYS BOUNCES BACK.” “Not this time.”
How NYC championed broken windows policing and threw it away.
Experts weigh in on how to save New York City post-coronavirus.
Chicago: Look it how bad it is in LA
L.A: Look at how bad it is in Seattle
Seattle: Look at how bad it is in Portland
Portland: Look at how bad it is in Beirut Beirut: Look at how bad it is in Chicago 😉@DiMartinoBooth #portland #chicago #seattle — Reminiscences of an American Capitalist (@4Awesometweet) August 16, 2020
AC


investmentwatchblog--2020-08-17--Warren Buffett Goes Big Into Gold with Nick Santiago

For more than 20 years , Master Trader Nick Santiago has been beating the markets .
He ’ s made some incredible calls along the way and now he ’ s looking to spread the word .
There ’ s no reason that the average trader should be coming up short .
So now we ’ ve started a daily show to bring you up to date on the latest market developments .
Nick will be sharing trades and concepts and discussing current trends .
Today we discuss : 1 .
Typical summer Friday .
Spydrs were low .
Flat @ @ @ @ @ @ @ the week .
Not a bad week .
Let ’ s see some backing and filling .
S & P is now challenging February top .
When you go up into a high pivot , you want to see it consolidate and go higher .
S & P could see a new high .
Nasdaq is up 20 % for the year .
VIX has been going down , it ’ s a spike indicator but won ’ t hang around for long .
March was the last spike .
Still headed a @ @ @ @ @ @ @ caution .
It ’ s the election .
This is not a normal election year .
All stops are being pulled out .
2 .
Reopening is going to happen .
The market is telling us this .
It ’ s climbing the proverbial wall of worry .
As long as the pattern continues we will see a reopening .
Mandatory mask mandate from Biden won ’ t cut it .
3 .
Warren Buffett goes big on GOLD -Barrick Golld .
Over 20 million shares .
He ’ s a little late @ @ @ @ @ @ @ not Newmont or Agnico Eagle ?
We don ’ t know what price he paid .
Not sure he ’ s pulling all the strings .
He may be taking a back seat at Berkshire .
Gold futures were down $ 16.70 and silver was down $ 1.17 .
Looking for them to go a bit lower .
For more info , go to www.InTheMoneyStocks.com .
Click Here to Listen to the Audio

from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends. Today we discuss:
1. Typical summer Friday. Spydrs were low. Flat day. Market held up well for the week. Not a bad week. Let’s see some backing and filling. S&P is now challenging February top. When you go up into a high pivot, you want to see it consolidate and go higher. S&P could see a new high. Nasdaq is up 20% for the year. VIX has been going down, it’s a spike indicator but won’t hang around for long. March was the last spike. Still headed a bit lower. September and October require caution. It’s the election. This is not a normal election year. All stops are being pulled out.
2. Reopening is going to happen. The market is telling us this. It’s climbing the proverbial wall of worry. As long as the pattern continues we will see a reopening. Mandatory mask mandate from Biden won’t cut it.
We are primarily funded by readers. Please subscribe and donate to support us!
3. Warren Buffett goes big on GOLD -Barrick Golld. Over 20 million shares. He’s a little late to the party. Why Barrick and not Newmont or Agnico Eagle? We don’t know what price he paid. Not sure he’s pulling all the strings. He may be taking a back seat at Berkshire. Gold futures were down $16.70 and silver was down $1.17. Looking for them to go a bit lower.
For more info, go to www.InTheMoneyStocks.com.
Click Here to Listen to the Audio


investmentwatchblog--2020-08-17--I Strongly Urge Readers to Leave California, New Jersey, Illinois, Connecticut, & New York

California is looking to impose a Wealth Tax as Elizabeth Waren had proposed which is Piketty ’ s idea which is supported by Schwab ’ s World Economic Forum in Davos .
This will be on worldwide property – not income .
The tax rate annually will be 0.4 % .
Even if you lose the money you will be taxed every year in addition to income taxes which are already the highest in the United States .
The problem here is not just worldwide income , California went after people who retired and left the state .
They argued @ @ @ @ @ @ @ in California so you had to pay California income taxes on your retirement funds even if you left California .
This is the ultimate tyranny .
You are paying taxes as a slave owned by6 California .
You are NOT paying your fair share because you are not using the state ’ s resources or benefits .
This is once again – taxation without representation .
You will have no right to vote in California because you are not a resident .
Nevertheless , this is the TRUE view of socialists – you @ @ @ @ @ @ @ Socialists do not tolerate classes .
Their core belief is everything belongs to them .
My family fought in even the American Revolution .
This is precisely what they fought against .
These governments are looking at the very same scheme to continue to tax you on the worldwide property even if you leave .
I strongly advise you to move to a Red State ASAP .
Florida has a lot of retired people so the politicians are more constrained .
It may be your last chance .
California Dreaming is now all @ @ @ @ @ @ @ new ways to exploit you even more .
States have lost income because of their stupid COVID lockdowns .
Of course , they never reduce their expenses and after wiping out people ’ s jobs , they are looking to make up their losses in revenue with new creative ideas .
As I warned , people simply began walking away from their property in Rome because of such corruption like this .
Those in power only see their own power and self-interest .
This is why we need so desperately to eliminate career @ @ @ @ @ @ @ will never be a government of “ We the People ” no matter what .
Let ’ s be honest here .
There is NO way any state government will ever STOP raising taxes .
They are incapable of ever seeing themselves as the source of the problem .
The audacity to try to continue to tax people forever because they once worked in California is the ultimate tyranny .
They reduce everyone to just their economic slaves to be exploited with no connection to paying for common infrastructure or expenses since you @ @ @ @ @ @

by Martin Armstrong
California is looking to impose a Wealth Tax as Elizabeth Waren had proposed which is Piketty’s idea which is supported by Schwab’s World Economic Forum in Davos. This will be on worldwide property – not income. The tax rate annually will be 0.4%. Even if you lose the money you will be taxed every year in addition to income taxes which are already the highest in the United States.
The problem here is not just worldwide income, California went after people who retired and left the state. They argued that their retirement income was previously earned in California so you had to pay California income taxes on your retirement funds even if you left California. This is the ultimate tyranny. You are paying taxes as a slave owned by6 California. You are NOT paying your fair share because you are not using the state’s resources or benefits. This is once again – taxation without representation. You will have no right to vote in California because you are not a resident. Nevertheless, this is the TRUE view of socialists – you are the property of the state. Socialists do not tolerate classes. Their core belief is everything belongs to them. My family fought in even the American Revolution. This is precisely what they fought against.
We are primarily funded by readers. Please subscribe and donate to support us!
These governments are looking at the very same scheme to continue to tax you on the worldwide property even if you leave. I strongly advise you to move to a Red State ASAP. Florida has a lot of retired people so the politicians are more constrained. It may be your last chance. California Dreaming is now all about them and how they dream of new ways to exploit you even more.
States have lost income because of their stupid COVID lockdowns. Of course, they never reduce their expenses and after wiping out people’s jobs, they are looking to make up their losses in revenue with new creative ideas. As I warned, people simply began walking away from their property in Rome because of such corruption like this. Those in power only see their own power and self-interest. This is why we need so desperately to eliminate career politicians. Until that happens, there will never be a government of “We the People” no matter what.
Let’s be honest here. There is NO way any state government will ever STOP raising taxes. They are incapable of ever seeing themselves as the source of the problem. The audacity to try to continue to tax people forever because they once worked in California is the ultimate tyranny. They reduce everyone to just their economic slaves to be exploited with no connection to paying for common infrastructure or expenses since you use nothing when you leave.


investmentwatchblog--2020-08-17--The Debt-Inflation Spiral Is Driving up the Demand for Gold

Measured in dollars , the current bull market for gold started in December 2015 , since which its price in dollars has almost doubled .
Other than the odd headline when gold exceeded its previous September 2011 high of $ 1,920 , only gold bugs seem to be excited .
But in our modern macroeconomic world of government-issued currencies , which has moved on from the days when gold operated as a monetary standard , it is viewed as an anachronism—a pet rock , as Jason Zweig of the Wall Street Journal called it in 2015 , only a few @ @ @ @ @ @ @ Despite gold almost doubling , Zweig ’ s view of it is still mainstream .
His comment follows the spirit of today ’ s macroeconomic hero John Maynard Keynes , who called the gold standard a barbaric relic in his 1924 Tract on Monetary Reform .
Keynes went on to invent macroeconomics on the back of his 1936 General Theory , and whether you profess to be Keynesian or not , as an investor you will almost certainly kowtow to macroeconomics .
It has been well nigh impossible to have a successful career @ @ @ @ @ @ @ to inflationist Keynesian theories .
You are required to substitute the economics of aggregates for those of the human action of individuals , upon which classical economics was based .
And with it you must unquestionably accept the state theory of money .
Well , we are now witnessing the cataclysmic ending of the Keynesian fallacy—the destruction of macroeconomics in a systemic failure centered on paper markets for gold and silver .
The Rescue Attempt Has Already Failed You may have missed the establishment ’ s last-ditch attempt earlier this year to save @ @ @ @ @ @ @ failure : Comex open interest peaked in January , when the gold contract was being overwhelmed by global demand .
Never before had open interest been this high : the previous all-time record had been in July 2016 , when it hit 658,000 contracts .
At that time , the market had recovered strongly from a deeply oversold condition , the price rallying from $ 1,049 to $ 1,380 , the December low in our headline chart .
That was successfully crushed with open interest taken down to 392,000 and the gold price @ @ @ @ @ @ @ takedown which commenced in earnest in January this year did not succeed .
There is no question that it was a coordinated attempt by the bullion bank establishment to contain a developing crisis .
From its peak of 799,541 contracts on January 15 , open interest fell to 553,030 on March 23 .
Initially , the gold price continued rising , to $ 1680 on March 9 , but on March 18 it finally reacted , falling to $ 1471 in only nine trading sessions .
But while open interest went on to @ @ @ @ @ @ @ the price exploded higher , with unprecedented price premiums developing on Comex from March 23 onward .
The bullion banks ’ short exposure net of longs on Comex in a rising market had risen to $ 35 billion and the gross position was $ 53.5 billion before the attempt to drive the market lower .
Today , the respective figures are $ 38.3 and $ 53 billion .
The failure of this well-worn tactic precludes it from being used again .
The Financial System Depends Entirely on Inflationary Fiat In the investment industry @ @ @ @ @ @ @ your living , for the rise in the general level of prices of financial assets , measured by various indices , is little more than a reflection of the loss of purchasing power of your state ’ s currency .
The world has been enjoying this phenomenon particularly since the mid-1970s , four years after President Nixon removed the last vestiges of Keynes ’ s barbarous relic from the monetary scene .
A continual decline in the dollar ’ s purchasing power ensued .
Apart from the occasional hiccup , from 1982 , @ @ @ @ @ @ @ from 291.34 , to today ’ s 3,270 , the general public has appeared to make money .
It has not been an easy environment to convincingly challenge , being populated by groupthinkers who believe their stock and property gains have been the consequence of their individual financial acumen .
But one of those periodic hiccups is now upon us , threatening to be more disruptive than anything seen hitherto in our lifetimes , and which the macroeconomists in the central banks and governments tell us will require virtually unlimited inflationary finance to @ @ @ @ @ @ @ unlimited fiat currency being issued by the state is important , because gold was always the money of the people , disliked by governments because its disciplines are limiting .
History has always seen the right to issue money taken away from kings , emperors , and governments by their failures and handed back to the people , so the empirical evidence suggests that it will happen again .
But macroeconomists argue that their science is an advance on former economic science , so what went before is irrelevant .
Therefore , so @ @ @ @ @ @ @ the investment industry is not attuned to gold .
Physical gold is not even a regulated investment , which means that government regulators do not permit the funds they license to hold physical metal beyond a small exposure , if they permit it at all .
The uncontentious position , taken by nearly all compliance officers , is for investment managers not to hold any .
But besides mining stocks , today there are exchange-traded funds that do offer some investment exposure to gold for fund managers .
Assuming , that is , @ @ @ @ @ @ @ Keynesian views of their colleagues .
In recent years , suggestions monetary authorities are planning a monetary reset centered on the dollar have been made by a number of observers .
Central bank research into blockchain solutions have added to this speculation , but a recent paper by the IMF shows there is no consensus in central banks as to how and for what purpose they would use digital currencies—the central banking version of cryptocurrencies.1 In any event , it is likely to take too long for a central bank digital currency to @ @ @ @ @ @ @ monetary events are now unfolding .
Empirical evidence suggests that once initiated , a fiat currency collapse happens in a matter of months .
Today , the Fed has tightly bonded the future of financial asset values to the dollar—one goes and they both go .
The credibility behind financial asset values is already stretched to the limit , and the inevitable collapse , taking fiat money with it , is likely to be sudden .
As a side note , the last time a collapse in financial assets took the currency down @ @ @ @ @ @ @ years ago—in 1720 , when John Law ’ s Mississippi bubble failed .
Interestingly , Richard Cantillon made his second fortune by shorting Law ’ s currency , the livre , and not his shares .
His first fortune was made as a banker , lending money to wealthy speculators and taking in Mississippi shares as collateral , which he then promptly sold , pocketing the proceeds .
An attempt at a currency reset , with or without blockchains , can only be contemplated after the public has begun to abandon existing currencies @ @ @ @ @ @ @ unfurl when fiat currencies die precludes advance planning of currency replacements .
Any attempt to produce a new fiat money after the existing one has failed will also fail—rapidly .
The idea that the state can take control of the valuation of a new currency in a fiat reset in order to make it durable is the ultimate conceit of macroeconomics , the denial of personal freedom to make choices in favor of the management of the aggregate .
One of the specious arguments that arises time and again is that inflation reduces @ @ @ @ @ @ @ is true for existing debt , but those who advocate it as a remedy for government indebtedness fail to understand that it also increases the cost of the government ’ s future debt .
And while it similarly reduces the burden on private sector debtors , by destroying savings inflation it leads to capital starvation and hampers any recovery .
It is possible , and desirable , that the ills of fiat currencies will be properly addressed .
But that will require an abandonment of inflationism , and a commitment to balanced budgets @ @ @ @ @ @ @ their spending , reducing their role in the economies they oversee .
Statist interventions , both regulatory and mandated by law have to be axed , and full responsibility for their own actions handed back to the people .
And only then can sound money , preventing governments from reverting to their inflationary ways , be successfully introduced .
Assuming all this is possible , the only sound money is one with a track record and over which governments have no control as a medium of exchange .
In other words , metallic @ @ @ @ @ @ @ to turning their currencies into substitutes fully convertible into gold , with silver in a subsidiary coinage role .
Coins in both metals must be freely available on demand from all banks at the fixed rate of exchange for gold , and for silver equating to its monetary value.2 The circulation of gold and silver coins will ensure that the public fully understands their monetary role , thereby deterring future governments from inflationary policies .
Bank credit must also be backed by gold , and not expanded by banks out of thin air @ @ @ @ @ @ @ in macroeconomics appears to be an unsurmountable impediment to an orderly change toward sound money .
Imposing their fervent denial of economic reality , macroeconomists are in charge of both economic and monetary policy in America , Europe , and Japan—and by extension that of almost all other nations .
It is not even certain that a currency collapse will dislodge them from their position of power , prolonging the chaos that will ensue .
Talk of a monetary reset only makes any sense if those doing the resetting understand what they are @ @ @ @ @ @ @ immediately clear : the Americans , who stand to lose power over global affairs , will be the most reluctant of all nations to accept that the days of its hegemonic currency are numbered and that a return to a credible gold standard is the only solution .
• 1.See John Kiff et al.
, “ A Survey of Research on Retail Central Bank Digital Currency , ” IMF Working Paper no .
20/104 , June 26 , 2020 .
• 2.Attempts at bimetallic standards have always proved impractical .
The answer is @ @ @ @ @ @ @ marginally higher values than their silver content to ensure that they remain in circulation .

by Alasdair Macleod via Mises
Measured in dollars, the current bull market for gold started in December 2015, since which its price in dollars has almost doubled. Other than the odd headline when gold exceeded its previous September 2011 high of $1,920, only gold bugs seem to be excited. But in our modern macroeconomic world of government-issued currencies, which has moved on from the days when gold operated as a monetary standard, it is viewed as an anachronism—a pet rock, as Jason Zweig of the Wall Street Journal called it in 2015, only a few months before this bull market commenced.
Despite gold almost doubling, Zweig’s view of it is still mainstream. His comment follows the spirit of today’s macroeconomic hero John Maynard Keynes, who called the gold standard a barbaric relic in his 1924 Tract on Monetary Reform. Keynes went on to invent macroeconomics on the back of his 1936 General Theory, and whether you profess to be Keynesian or not, as an investor you will almost certainly kowtow to macroeconomics. It has been well nigh impossible to have a successful career in the investment industry unless you subscribe to inflationist Keynesian theories. You are required to substitute the economics of aggregates for those of the human action of individuals, upon which classical economics was based. And with it you must unquestionably accept the state theory of money.
Well, we are now witnessing the cataclysmic ending of the Keynesian fallacy—the destruction of macroeconomics in a systemic failure centered on paper markets for gold and silver.
The Rescue Attempt Has Already Failed
You may have missed the establishment’s last-ditch attempt earlier this year to save itself. Figure 1 below shows its failure:
Comex open interest peaked in January, when the gold contract was being overwhelmed by global demand. Never before had open interest been this high: the previous all-time record had been in July 2016, when it hit 658,000 contracts. At that time, the market had recovered strongly from a deeply oversold condition, the price rallying from $1,049 to $1,380, the December low in our headline chart. That was successfully crushed with open interest taken down to 392,000 and the gold price to $1,120. However, the takedown which commenced in earnest in January this year did not succeed.
There is no question that it was a coordinated attempt by the bullion bank establishment to contain a developing crisis. From its peak of 799,541 contracts on January 15, open interest fell to 553,030 on March 23. Initially, the gold price continued rising, to $1680 on March 9, but on March 18 it finally reacted, falling to $1471 in only nine trading sessions. But while open interest went on to fall to 470,000 in early June, the price exploded higher, with unprecedented price premiums developing on Comex from March 23 onward. The bullion banks’ short exposure net of longs on Comex in a rising market had risen to $35 billion and the gross position was $53.5 billion before the attempt to drive the market lower. Today, the respective figures are $38.3 and $53 billion.
The failure of this well-worn tactic precludes it from being used again.
The Financial System Depends Entirely on Inflationary Fiat
In the investment industry it is monetary debasement that gives you your living, for the rise in the general level of prices of financial assets, measured by various indices, is little more than a reflection of the loss of purchasing power of your state’s currency. The world has been enjoying this phenomenon particularly since the mid-1970s, four years after President Nixon removed the last vestiges of Keynes’s barbarous relic from the monetary scene. A continual decline in the dollar’s purchasing power ensued. Apart from the occasional hiccup, from 1982, when the S&P500 Index rose from 291.34, to today’s 3,270, the general public has appeared to make money.
It has not been an easy environment to convincingly challenge, being populated by groupthinkers who believe their stock and property gains have been the consequence of their individual financial acumen. But one of those periodic hiccups is now upon us, threatening to be more disruptive than anything seen hitherto in our lifetimes, and which the macroeconomists in the central banks and governments tell us will require virtually unlimited inflationary finance to resolve.
The distinction between gold and unlimited fiat currency being issued by the state is important, because gold was always the money of the people, disliked by governments because its disciplines are limiting. History has always seen the right to issue money taken away from kings, emperors, and governments by their failures and handed back to the people, so the empirical evidence suggests that it will happen again. But macroeconomists argue that their science is an advance on former economic science, so what went before is irrelevant. Therefore, so is gold.
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For these reasons, the investment industry is not attuned to gold. Physical gold is not even a regulated investment, which means that government regulators do not permit the funds they license to hold physical metal beyond a small exposure, if they permit it at all. The uncontentious position, taken by nearly all compliance officers, is for investment managers not to hold any. But besides mining stocks, today there are exchange-traded funds that do offer some investment exposure to gold for fund managers. Assuming, that is, that they are willing to contradict the Keynesian views of their colleagues.
Forget Currency Resets
In recent years, suggestions monetary authorities are planning a monetary reset centered on the dollar have been made by a number of observers. Central bank research into blockchain solutions have added to this speculation, but a recent paper by the IMF shows there is no consensus in central banks as to how and for what purpose they would use digital currencies—the central banking version of cryptocurrencies.1
In any event, it is likely to take too long for a central bank digital currency to be implemented given the speed with which monetary events are now unfolding. Empirical evidence suggests that once initiated, a fiat currency collapse happens in a matter of months. Today, the Fed has tightly bonded the future of financial asset values to the dollar—one goes and they both go. The credibility behind financial asset values is already stretched to the limit, and the inevitable collapse, taking fiat money with it, is likely to be sudden.
As a side note, the last time a collapse in financial assets took the currency down in similar circumstances was exactly three hundred years ago—in 1720, when John Law’s Mississippi bubble failed. Interestingly, Richard Cantillon made his second fortune by shorting Law’s currency, the livre, and not his shares. His first fortune was made as a banker, lending money to wealthy speculators and taking in Mississippi shares as collateral, which he then promptly sold, pocketing the proceeds.
An attempt at a currency reset, with or without blockchains, can only be contemplated after the public has begun to abandon existing currencies. But the speed with which events unfurl when fiat currencies die precludes advance planning of currency replacements. Any attempt to produce a new fiat money after the existing one has failed will also fail—rapidly. The idea that the state can take control of the valuation of a new currency in a fiat reset in order to make it durable is the ultimate conceit of macroeconomics, the denial of personal freedom to make choices in favor of the management of the aggregate.
One of the specious arguments that arises time and again is that inflation reduces the true burden of debt. This is true for existing debt, but those who advocate it as a remedy for government indebtedness fail to understand that it also increases the cost of the government’s future debt. And while it similarly reduces the burden on private sector debtors, by destroying savings inflation it leads to capital starvation and hampers any recovery.
It is possible, and desirable, that the ills of fiat currencies will be properly addressed. But that will require an abandonment of inflationism, and a commitment to balanced budgets. It requires governments to rein in their spending, reducing their role in the economies they oversee. Statist interventions, both regulatory and mandated by law have to be axed, and full responsibility for their own actions handed back to the people. And only then can sound money, preventing governments from reverting to their inflationary ways, be successfully introduced.
Assuming all this is possible, the only sound money is one with a track record and over which governments have no control as a medium of exchange. In other words, metallic money. Governments will have no alternative to turning their currencies into substitutes fully convertible into gold, with silver in a subsidiary coinage role. Coins in both metals must be freely available on demand from all banks at the fixed rate of exchange for gold, and for silver equating to its monetary value.2 The circulation of gold and silver coins will ensure that the public fully understands their monetary role, thereby deterring future governments from inflationary policies. Bank credit must also be backed by gold, and not expanded by banks out of thin air.
But the pervasive and mistaken belief in macroeconomics appears to be an unsurmountable impediment to an orderly change toward sound money. Imposing their fervent denial of economic reality, macroeconomists are in charge of both economic and monetary policy in America, Europe, and Japan—and by extension that of almost all other nations. It is not even certain that a currency collapse will dislodge them from their position of power, prolonging the chaos that will ensue.
Talk of a monetary reset only makes any sense if those doing the resetting understand what they are doing. And one thing will become immediately clear: the Americans, who stand to lose power over global affairs, will be the most reluctant of all nations to accept that the days of its hegemonic currency are numbered and that a return to a credible gold standard is the only solution.


investmentwatchblog--2020-08-17--GDP in Japan goes back to 2010 in another lost decade

Today we get to look East to the land of the rising sun or Nihon as we note its latest economic output figures .
According to the Japanese owned Financial Times we should look at them like this .
Of course as we are looking at a country where the concept of the “ Lost Decade ” began in 1990 and is now heading into number 4 of them we need to be careful about which period we are looking at .
Okay so better than us in the West but not as good as its eastern competitors .
Also @ @ @ @ @ @ @ bit on seasonal adjustment when we have just had an economic season unlike any other as without it GDP fell by 9.9 % .
Returning to the seasonally adjusted data we see a consequence of being an exporter at a time like this .
This is because exports fell by 18.5 % with imports barely affected ( -0.5 % ) so there was a plunge in exports on a scale large enough to reduce GDP by 3 % .
Actually let me correct the FT here as it was domestic demand which fell @ @ @ @ @ @ @ for 4.5 % and investment for 0.2 % and the government sector not doing much at all .
You may be pleased to read that Imputed Rent had only a minor impact on the quarterly change .
A cautionary note is that Japanese GDP data is particularly prone to revision or as the FT puts it .
Regular readers will know that due to the extraordinary move in the UK GDP Deflator ( the inflation measure for this area ) of 6.2 % in a single quarter our GDP fall may well have @ @ @ @ @ @ @ the FT which is often very enthusiatic about combing through UK data has missed this .
It is typical of a Japanese owned publication to trumpet a form of national superiority though .
However , only time will tell whether that was more of a tactical than a strategic success .
Let me wish anyone who is ill a speedy recovery .
The initial one is the economic output has now fallen in the last 3 quarters .
Following the rise in Consumption Tax from 8 % to 10 % a decline was @ @ @ @ @ @ @ really badly timed .
Although in the period of the Lost Decade there is a bit of a shortage of good times to do such a thing .
Japan has if we look at the seasonally adjusted series gone back the beginning of 2010 and the middle of 2011 which was the same level.It has never achieved the “ escape velocity ” talked about by former Bank of England Governor Mark Carney .
The problem for it is that it was already doing so much or as the Red Queen put it .
@ @ @ @ @ @ @ so 44 % of the Japanese Government Bond market these days .
Although there is an element of Alice In Wonderland here as via its stimulus programmes the Japanese government will be issuing ever more of them .
So there will be plenty more to buy so we can expect full employment to be maintained for the bond buyers at the Bank of Japan .
Next there is its role as The Tokyo Whale to consider .
This phase saw the Bank of Japan buy on up as well as down days and @ @ @ @ @ @ @ the Nikkei 400 .
There is also the negative interest-rate of -0.1 % which I do not think the Bank of Japan has ever been especially keen on which is why it is only -0.1 % .
After all the years of propping up the banks we can ’ t have them failing again can we .
The latest move as is so often the case has echoes of the past so let me hand you over to Governor Kuroda .
Japan is a mass of contradictions as we note that annual GDP @ @ @ @ @ @ @ it is now .
The first switch is that the position per head is much better although that is partly because the population is in decline .
Of course in terms of demand for resources that is a good thing for a country which has so few of them .
That is not so hot when you have an enormous national debt which will be getting a lot larger via the stimulus effort .
There are roads where it will reach 300 % of GDP quite soon .
So why have things not @ @ @ @ @ @ @ One reason is the size of the Bank of Japan purchases in what is mostly ( 90 % or so ) a domestic market .
Then we also need to note that in spite of it being official policy to weaken the Yen ( one of the arrows of Abenomics ) it is at 106.4 versus the US Dollar looking strong in spite of all of the above .
This is because even if the foreign investors started to leave the Japanese have large savings abroad and large reserves .
As we stand @ @ @ @ @ @ @ the Yen lower even with all the efforts of the Bank of Japan .
What is needed is some sustained economic growth but if Japan could do that the concept of the Lost Decade would have been consigned to the history books and it hasn ’ t .
So we left with this thought by Graham Parker .

by Shaun Richards
Today we get to look East to the land of the rising sun or Nihon as we note its latest economic output figures. According to the Japanese owned Financial Times we should look at them like this.
Japan’s GDP decline less severe than US and Europe
Of course as we are looking at a country where the concept of the “Lost Decade” began in 1990 and is now heading into number 4 of them we need to be careful about which period we are looking at.
Japan’s economy shrank by a record 7.8 per cent in the second quarter of 2020 as it outperformed the US and Europe but lagged behind neighbouring South Korea and Taiwan in its response to coronavirus.
Okay so better than us in the West but not as good as its eastern competitors. Also I note that it relies quite a bit on seasonal adjustment when we have just had an economic season unlike any other as without it GDP fell by 9.9%.
Returning to the seasonally adjusted data we see a consequence of being an exporter at a time like this.
A fall in private consumption accounted for 4.8 percentage points of the decline in Japan’s GDP as the state of emergency reduced spending in shops and restaurants, while a large drop in exports accounted for the remaining 3 percentage points.
This is because exports fell by 18.5% with imports barely affected ( -0.5%) so there was a plunge in exports on a scale large enough to reduce GDP by 3%. Actually let me correct the FT here as it was domestic demand which fell by 4.8% with private consumption accounting for 4.5% and investment for 0.2% and the government sector not doing much at all. You may be pleased to read that Imputed Rent had only a minor impact on the quarterly change.
A cautionary note is that Japanese GDP data is particularly prone to revision or as the FT puts it.
Business investment was surprisingly strong, however, and contributed just 0.2 percentage points to the overall decline in output. That figure is often revised in updates to the data, but if confirmed, it would suggest resilience in the underlying economy and potential for a strong rebound.
International Comparison
Regular readers will know that due to the extraordinary move in the UK GDP Deflator ( the inflation measure for this area) of 6.2% in a single quarter our GDP fall may well have been more like 15%. Somehow the FT which is often very enthusiatic about combing through UK data has missed this.
The second-quarter decline in Japan’s GDP was comparable to a 9.5 per cent fall in the US during the same period, or a 10.1 per cent drop in Germany. It was less severe than the drop of more than 20 per cent in the UK, which was late to act but then imposed a severe lockdown. However, Japan did worse than neighbouring South Korea, where output fell 3.3 per cent in the second quarter, or Taiwan, where GDP was down just 0.7 per cent. Both countries managed to control the virus without extensive lockdowns, allowing their economies to function more normally.
It is typical of a Japanese owned publication to trumpet a form of national superiority though.
Japan’s performance relative to other advanced countries highlights how the effectiveness of a country’s coronavirus response affects the economy, with Japan forced to close schools but able to avoid the strict lockdowns used in Europe.
However, only time will tell whether that was more of a tactical than a strategic success.
Japan is suffering an increase in infections, with new cases running at more than 1,000 a day, but it has not imposed a fresh state of emergency.
Let me wish anyone who is ill a speedy recovery.
Context
The initial one is the economic output has now fallen in the last 3 quarters. Following the rise in Consumption Tax from 8% to 10% a decline was expected but now.of course, it looks really badly timed. Although in the period of the Lost Decade there is a bit of a shortage of good times to do such a thing.
We are primarily funded by readers. Please subscribe and donate to support us!
Japan has if we look at the seasonally adjusted series gone back the beginning of 2010 and the middle of 2011 which was the same level.It has never achieved the “escape velocity” talked about by former Bank of England Governor Mark Carney.
Bank of Japan
The problem for it is that it was already doing so much or as the Red Queen put it.
“My dear, here we must run as fast as we can, just to stay in place. And if you wish to go anywhere you must run twice as fast as that.”
I noted Bloomberg reporting that it owns so 44% of the Japanese Government Bond market these days. Although there is an element of Alice In Wonderland here as via its stimulus programmes the Japanese government will be issuing ever more of them.
In May, the Japanese government approved a second large-scale ¥117tn ($1.1n or 21% of Japan’s GDP) economic rescue package, matching the size of the first stimulus introduced in April. ( OMFIF).
So there will be plenty more to buy so we can expect full employment to be maintained for the bond buyers at the Bank of Japan.
On a gross basis, the government plans to issue close to ¥253tn ($2.3tn) in government bonds and treasury bills in fiscal year 2020 (ending March 2021). This amount combines issues under all three budgetary plans. Excluding refinancing bonds, the net issuance of government bonds is reduced to almost ¥145tn (about 27% of GDP). This includes close to 4% of front-loaded bond issues from future fiscal years and is the largest net issuance in the post-world war II era.
Next there is its role as The Tokyo Whale to consider.
The Bank of Japan now holds nearly 6% of market cap of the larger Topix Index. pic.twitter.com/pQoZc9swTa — Asif Abdullah (@Asif_H_Abdullah) August 10, 2020
This phase saw the Bank of Japan buy on up as well as down days and the index it looks to match is the Nikkei 400.
There is also the negative interest-rate of -0.1% which I do not think the Bank of Japan has ever been especially keen on which is why it is only -0.1%. After all the years of propping up the banks we can’t have them failing again can we.
The latest move as is so often the case has echoes of the past so let me hand you over to Governor Kuroda.
The first is the Special Program to support corporate financing. The total size of this program is about 120 trillion yen. It consists of purchases of CP and corporate bonds with the upper limit of about 20 trillion yen and the Special Funds-Supplying Operations, which can amount to 100 trillion yen. Through this operation, the Bank provides funds on favorable terms to financial institutions that make loans in response to COVID-19. This operation also includes a scheme in which the government takes the credit risk while the Bank provides liquidity, thereby supporting financing together.
Comment
Japan is a mass of contradictions as we note that annual GDP was higher in the mid 1990s than it is now. The first switch is that the position per head is much better although that is partly because the population is in decline. Of course in terms of demand for resources that is a good thing for a country which has so few of them. That is not so hot when you have an enormous national debt which will be getting a lot larger via the stimulus effort. There are roads where it will reach 300% of GDP quite soon.
So why have things not collapsed under the weight of debt? One reason is the size of the Bank of Japan purchases in what is mostly (90% or so) a domestic market. Then we also need to note that in spite of it being official policy to weaken the Yen ( one of the arrows of Abenomics) it is at 106.4 versus the US Dollar looking strong in spite of all of the above. This is because even if the foreign investors started to leave the Japanese have large savings abroad and large reserves. As we stand they have had little success in pushing the Yen lower even with all the efforts of the Bank of Japan.
What is needed is some sustained economic growth but if Japan could do that the concept of the Lost Decade would have been consigned to the history books and it hasn’t. So we left with this thought by Graham Parker.
And there’s nothing to hold on to when gravity betrays you ( Discovering Japan)
Podcast on GDP measures