investmentwatchblog--2020-09-10--What Pastor Dana Coverstone Was Just Shown About The Statue Of Liberty Shook Him To The Core – Every

What Pastor Dana Coverstone Was Just Shown About The Statue Of Liberty Shook Him To The Core – Everyone Needs To Hear This!

Pastor Dana Coverstone has had quite a few very troubling prophetic dreams about America ’ s future , but this latest dream shook him up emotionally more than any of the others .
In the dream , he saw the Statue of Liberty under attack , and he interpreted that to mean that our nation as a whole is under attack .
And of course that is definitely what we are seeing here in 2020 .
Those that reject our history , our culture and our Constitution have launched a relentless assault against our most cherished traditions , and it @ @ @ @ @ @ @ The goal is to reshape America into something that is fundamentally different from what our founders intended , and to a large degree they are succeeding .
For better or worse , if there is one national symbol that has come to represent the U.S. as a nation it is the Statue of Liberty .
Whenever that symbol is used , people instantly recognize that it is a metaphor for America .
Personally , I wish that our most recognizable national symbol was a Christian symbol , but that is not the case @ @ @ @ @ @ @ been numerous prophetic dreams and visions in which the Statue of Liberty has been used to represent our country , and at the end of this article I will share an example of this .
Many are comparing Pastor Coverstone ’ s latest dream to what A.A. Allen was shown all the way back in 1954 , and I agree that there seems to be quite a few parallels .
One of the things that I really appreciate about Pastor Coverstone is that he shares exactly what he was shown without any filter @ @ @ @ @ @ @ our own conclusions about what his dreams may mean .
In his latest video , Pastor Coverstone becomes quite emotional as he describes this new dream .
He obviously has a great love for this country , and it was not easy for him to see what he saw .
My wife has put together a transcript of the video , and that transcript is reproduced below .
Following the transcript , I will share a recent video in which Jonathan Cahn shared some thoughts on the prophetic significance of the Statue of @ @ @ @ @ @ @ that video I will share what A.A. Allen was shown in 1954 .
To me , it seems obvious that this was a dream that contained quite a bit of symbolism , although much of that symbolism seems quite easy to understand .
Here is my wife ’ s transcript of Pastor Coverstone ’ s new video… It is Pastor Dana Coverstone .
It is Tuesday September 8 .
Last night on Monday the seventh of September , had a dream .
That ’ s probably troubled me more than the dreams that @ @ @ @ @ @ @ m an American .
I love this country .
I have traveled to probably 43 countries .
We have a heritage , we have a country that stood as a beacon , of hope and light , even financial support for other nations .
This one got me last night .
I saw the Statue of Liberty , proudly standing in the harbor outside of New York , lighting the nation ’ s freedom .
I saw the sky suddenly darkened .
Strong waves began to crash against the shore with a very @ @ @ @ @ @ @ ; tropical storm force .
There were boats and they had men in them .
They were out in the storm trying to breach the island on which she stood .
They were fighting the waves as well but they were actually kind of working with the waves .
They were trying to get the lady but the storm was so severe that could not .
Even though the storm they seemed to be looking into , you know , working together , so to speak .
I saw the torch in her @ @ @ @ @ @ @ by lightning pieces of rock and debris were being thrown into a brute force and she was even though she had her torture she was an immovable statue I saw her watching and looking around about her to kind of see where the , where the attacks are coming from so she knew they were there but she would not move .
Her feet were stuck on that pedestal .
The rocks and the stuff that debris was being thrown at her caused some gashes and cuts on her neck , around about @ @ @ @ @ @ @ was blood coming out like she had been shot but something had had tried like the debris and the rock and either pierced her or left a jagged edge and cut something .
I saw the three of the spines on the crown on her head .
I don ’ t think this is a crown but it has some spines are pointing out three of them .
Three of those spines on a crown have been broken off and was leaving a very very jagged edge .
The right torch hand kept @ @ @ @ @ @ @ Declaration of Independence July 4 of that year , had been pinned on .
She would drop her hand and kind of do this to keep the book in her place .
She was struggling to keep her footing , almost slipping off the pedestal .
But she wouldn ’ t move , she will not move .
There was a huge volley of trash and debris .
Just junk .
Hit her directly in the face and she stepped back off the pedestal and she fell , because the force of this @ @ @ @ @ @ @ She ’ s still held on to the torso .
She still held on to the declarations , you know , dateline on the book .
With that light , that torches kept flickering like a light .
The declaration that was in her left hand or left arm ; it was cracked .
There were large chips and pieces falling off of it .
That ’ s , I kept seeing Liberty tried to reach out with her hand while she holds them in grabbing the pieces , but they wouldn ’ @ @ @ @ @ @ @ Liberty was crying .
She was weeping , she was fighting to keep her dignity .
She was trying to you know to get the pieces of what she had held on to but it was it was obvious she knew that she was in a battle that was fighting her and defeating her , and she was desperate trying to hold on , you can see the fierceness in her face that she was trying to fight and win .
Then the boats appeared with the men and they threw ropes around @ @ @ @ @ @ @ trying to bring her to the ground .
They pulled and pulled and tandem and finally she fell to her knees .
It was almost like Gulliver ’ s Travels when the giant gets knocked over .
She still got the light , the hoarser in her fist , or right hand is just trying to hold that book .
They were hammering away like pry tools at the declaration , trying to get the days off .
So July 4 , they ’ re trying to pry those , those numbers and @ @ @ @ @ @ @ cutting tools to remove the torch .
They kept trying to rip it , jerk it out of her hand and she just kept holding on , and holding on , and holding on .
Because she fought them so hard they finally just began to cut off her hand .
They tied her other hand behind her back .
The men began rolling her in ropes and she was yelling for help .
She was crying out .
It wasn ’ t a desperate cry , it was a cry for those @ @ @ @ @ @ @ defense .
All those nations that that she had helped for so many years and nobody would come .
They took a large banner of fabric , it was black and smoky gray kind of all together .
They covered her face with it .
They just kept wrapping , and wrapping , almost like a mummy , they just kept wrapping , and wrapping and wrapping until you could barely see her eyes and the jagged spines of some of her crying , of her crown .
Then they took an anchor @ @ @ @ @ @ @ neck .
They asked her if she had any last words .
Her eyes weren ’ t fearful they were feisty .
They were fitful .
There was this angry resolve in her face that she said nothing .
The chain was tied to a boat and the boat began to drag her off of to Liberty Island out into the harbor .
When they got her into the sea , the boat began to pull very quickly .
Her arms were down , her legs to the side and she was just @ @ @ @ @ @ @ boat pulled , going faster and faster was almost like a ski boat was pulling her .
She kept twisting back and forth , but she was being pulled by the by the boat and eventually lost all the strength that she had .
The banner had come off of her mouth but she wasn ’ t saying anything .
The boat slowed .
Then the boat kind of looked back to see how , where she was and they reversed the boat .
In reverse , the boat went backwards and ran @ @ @ @ @ @ @ in the harbor .
She took a breath and she went under .
She came back up .
A minute later that she did the same thing again .
She came up the next time the boat accelerated forward , hit her square on the face as she went down .
The boat began to circle the area .
After it hit her , she never came back up .
She never came back up .
At least alive .
She floated back up .
Her back was to the top .
( @ @ @ @ @ @ @ , other arms tied behind her back .
Was this thunderous clap .
Brilliant lightning strike .
The storm just raged all around the harbor .
That ’ s all the men on that boat .
It was a loose group of men .
I was throwing them pieces of silver not in a bag just loose pieces of silver being thrown .
I began to pick them up kind feverishly , gripped them with their fists in their pockets .
Sat down and drove away .
Almost like , okay , our @ @ @ @ @ @ @ started to put this article together , I instantly thought of an interview that Sid Roth recently conducted with Jonathan Cahn .
They discuss a wide range of topics in this video , but it is definitely worth watching the entire thing , and of particular note are the couple of times that Jonathan Cahn brings up the Statue of Liberty .
Lastly , I would like to share what A.A. Allen was shown in 1954 , because many people are pointing out that it goes right along with what Pastor Coverstone was @ @ @ @ @ @ @ .
I quote A.A. Allen ’ s account in my new book , and the full version of his prophecy is reproduced below… As I stood atop the Empire State Building , I could see the Statue of Liberty , illuminating the gateway to the new world .
Here , spread before me like an animated map , is an area sixty or eighty miles in diameter .
I was amazed that the Spirit of the Lord should so move me , there atop the Empire State Building .
Why should I feel @ @ @ @ @ @ @ power there ?
Suddenly I heard the voice of the Lord .
It was as clear and as distinct as a voice could be .
It seemed to come from the very midst of the giant telescope .
But when I looked at the telescope , I knew it hadn ’ t come from there , but directly from heaven .
The voice said , “ The eyes of the lord run to and fro throughout the whole earth , to show himself strong in behalf of them whose heart is perfect toward @ @ @ @ @ @ @ .
Therefore , from henceforth , you shall have wars.
” Immediately when I heard the voice of God , I knew this was a quotation of Scripture .
But never before had a thing come to me so forcibly by the power of the Spirit .
The ticking of the telescope stopped .
The man before me had used up his dimes worth .
As he stepped away I knew that I was next .
As I stepped to the telescope and dropped in my dime , immediately the ticking started again @ @ @ @ @ @ @ which would allow me to use the telescope for a definitely limited time only .
As I swung the telescope to the North , suddenly the Spirit of God came upon me in a way that I had never thought of before .
Seemingly in the spirit I was entirely caught away .
I knew that the telescope itself had nothing to do with the distance which I was suddenly enabled to see , for I seemed to see things far beyond the range of the telescope , even on a bright clear @ @ @ @ @ @ @ had chosen this time to reveal these things to me , for as I looked through the telescope , it was not Manhattan Island that I saw , but a far larger view .
That morning , much of the view was impaired by fog .
But suddenly as the Spirit of the Lord came upon me the fog seemed to clear , until it seemed that I could see for thousands of miles .
But that which I was looking upon was not Manhattan island , it was all of the North @ @ @ @ @ @ @ a map is spread upon a table , it was not the East River and the Hudson River that I saw on either side , but the Atlantic and the Pacific Oceans.And instead of the Statue of Liberty standing there in the bay on her small island I saw her standing far out in the Gulf of Mexico .
She was between me and the United States .
I suddenly realized that the telescope had nothing to do with what I was seeing , but that it was a vision coming directly from @ @ @ @ @ @ @ myself I took my eyes away from the telescope , so that I was no longer looking through the lens , but the same scene remained before me .
There , clear and distinct , lay all the North American Continent , with all it ’ s great cities .
To the North lay the Great Lakes .
Far to the Northeast was New York City .
I could see Seattle and Portland far to the Northwest .
Down the West Coast , there were San Francisco and Los Angeles .
Closer in @ @ @ @ @ @ @ , at the center of the Gulf Coast area .
I could see the great towering ranges of the Rocky Mountains , and trace with my eye the Continental Divide .
All this and more , I could see spread out before me as a great map upon a table .
And as l looked , suddenly from the sky I saw a giant hand reach down .
That gigantic hand was reaching out toward the Statue of Liberty .
In a moment her gleaming torch was torn from her hand , and @ @ @ @ @ @ @ .
And I saw protruding from that great cup , a giant sword , shining as if a great light had been turned upon its glistening edge .
Never before had I seen such a sharp , glistening , dangerous sword .
lt seemed to threaten all the world .
As the great cup was placed in the hand of the Statue of Liberty , I heard these words , “ Thus saith the Lord of hosts , Drink ye and be drunken , spue and fall , and rise no more , @ @ @ @ @ @ @ send ” As I heard these words , I recognized them as a quotation from Jeremiah 25:7 .
I was amazed to hear the Statue of Liberty speak out in reply , “ I WILL NOT DRINK !
” Then as the voice of the thunder , I heard again the voice of the Lord , saying , “ Thus saith the Lord of Hosts , YE SHALL CERTAINLY DRINK.
” ( Jer.25:28 ) Then suddenly the giant hand forced the cup to the lips of the Statue of Liberty , and she @ @ @ @ @ @ @ mighty hand of God forced her to drink every drop from the cup .
As she drank the bitter dregs , these were the words that I heard , “ Should you be utterly unpunished ?
You shall not be unpunished : for I will call for a sword upon all the inhabitants of the earth , saith the Lord of Hosts.
” ( Jer.25:29 ) When the cup was withdrawn from the lips of the Statue of Liberty , I noticed the sword was missing from the cup , which could mean @ @ @ @ @ @ @ THE CUP HAD BEEN COMPLETELY CONSUMED !
I knew that the sword merely typified war , death , and destruction , which is no doubt on the way .
Then as one drunken on too much wine , I saw the Statue of Liberty become unsteady on her feet and begin to stagger , and to lose her balance .
I saw her splashing in the Gulf , trying to regain her balance .
I saw her stagger again and again , and fall to her knees .
As I saw her desperate @ @ @ @ @ @ @ rise to her feet again , my heart was moved as never before with compassion for her struggles .
But as she staggered there in the gulf , once again I heard these words , “ Ye shall drink and be drunken , and spue , and fall , and rise no more because of the sword that I shall send among you.
” As I watched , I wondered if the Statue of Liberty would ever be able to regain her feet – if she would ever stand again .
And as @ @ @ @ @ @ @ all her power she struggled to rise , and finally staggered to her feet again , and stood there swaying drunkenly .
I felt sure that at any moment she would fall again – possibly never to rise .
I seemed overwhelmed with a desire to reach out my hand to keep her head above water , for I knew that if she ever fell again she would drown there in the Gulf .
“ Thou shalt not be afraid for the terror by night , nor for the pestilence that walketh in @ @ @ @ @ @ @ wastes at noonday.
” Psalms 91:5,6 .
Then as I watched , another amazing thing was taking place .
Far to the Northwest , just out over Alaska , a huge , black cloud was arising .
As it rose , it was as black as night .
It seemed to be in the shape of a man ’ s head .
As it continued to arise , I observed two light spots in the black cloud .
It rose further , and a gaping hole appeared .
I could see that the @ @ @ @ @ @ @ a skull , for now the huge , white , gaping mouth was plainly visible .
Finally the head was complete .
Then the shoulders began to appear and on either side long , black arms .
It seemed that what I saw was the entire North American Continent , spread out like a map upon a table with this terrible skeleton-formed cloud arising from behind the table .
It rose steadily until the form was visible down to the waist .
At the waist , the skeleton seemed to bend towards the @ @ @ @ @ @ @ toward the East and one toward the West – one toward New York and one toward Seattle .
As the awful form stretched forward , I could see that the entire attention seemed to be focused upon the U.S. , overlooking Canada at least for the time being .
As I saw the horrible black cloud in the form of a skeleton bending towards America , bending from the waist over , reaching down toward Chicago and out towards both coasts , I knew it ’ s one interest was to destroy the @ @ @ @ @ @ @ , the great black cloud stopped just above the great lakes region , and turned it ’ s face towards New York City .
Then out of the horrible , great gaping mouth began to appear wisps of white vapor which looked like smoke , as a cigarette smoker would blow puffs of smoke from his mouth .
These whitish vapors were being blown toward New York City .
The smoke began to spread , until it had covered all the eastern part of the United States .
Then the skeleton turned to @ @ @ @ @ @ @ horrible mouth and nostrils came another great puff of white smoke .
This time it was blown in the direction of the West Coast .
In a few moments time , the entire West Coast and L.A. area was covered with it ’ s vapors Then towards the center came a third great puff .
As I watched , St. Louis and Kansas City were enveloped in its white vapors .
Then on it came towards New Orleans .
Then on they swept until they reached the Statue of Liberty where she stood @ @ @ @ @ @ @ The Gulf .
As the white vapors began to spread around The head of the statue , she took in but one gasping breath , and then began to cough as though to rid her lungs of the horrible vapors she had inhaled .
One could readily discern by the coughing that those white vapors had seared her lungs .
What were these white vapors ?
Could they signify bacteriological warfare or nerve gas that could destroy multitudes of people in a few moments time ?
Then I heard the voice of God @ @ @ @ @ @ @ Behold , the Lord maketh the earth empty , and maketh it waste , and turneth it upside down , and scattereth abroad the inhabitants thereof , .
And it shall be , as with the people .
so with The priest ; as with the servant , so with his master ; as with the buyer , so with the seller , as with the taker of usury , so with the giver of usury to him .
The land shall be utterly emptied , and utterly spoiled : for The Lord @ @ @ @ @ @ @ mourneth and fadeth away , The world languisheth and fadeth away , the haughty people of the earth do languish .
The earth also is defiled under the inhabitants thereof ; because they have transgressed the laws , changed the ordinance , broken the everlasting covenant .
Therefore has the curse devoured the earth and they that dwell therein are desolate ; therefore the inhabitants of the earth are burned and few men are left.
” ( Isa.24:1-6 ) As I watched , the coughing grew worse .
It sounded like a person @ @ @ @ @ @ @ .
The Statue was moaning and groaning .
She was in mortal agony .
The pain must have been terrific , as again and again , she tried to clear her lungs of those horrible white vapors .
I watched her there in the Gulf , as she staggered , clutching her lungs and her breast with her hands .
Then she fell to her knees .
In a moment , she gave one final cough , and made a last desperateeffort to rise from her knees , and then fell face forward @ @ @ @ @ @ @ lay still as death .
Tears ran down my face as I realized that she was dead !
Only The lapping of The waves , splashing over her body , which was partly under the water , and partly out of water , broke the silence .
“ A fire devoureth before them , and behind them a flame burneth ; the land is as the garden of Eden before them , and behind them , a desolate wilderness.
” Joel 2:3 Suddenly the silence was shattered by the screaming of sirens .
@ @ @ @ @ @ @ RUN FOR YOUR LIVES !
” Never before had I heard such shrill , screaming sirens .
They seemed to be everywhere – to the North , South , the East and the West .
There seemed to be multitudes of sirens .
And as I looked , I saw people everywhere running .
But it seemed none of them ran more than a few paces , and then they fell .
And even as I had seen the Statue struggling to regain her poise and balance , and finally falling to die @ @ @ @ @ @ @ millions of people falling in the streets , on the sidewalks , struggling .
I heard their screams for mercy and help .
I heard their horrible coughing as though their lungs had been seared with fire .
I heard the moanings and groanings of the doomed and the dying .
As I watched , a few finally reached shelters , and above the moaning and groanings , I heard these words : “ A noise shall come even to the ends of the earth for the Lord has a controversy with the @ @ @ @ @ @ @ flesh ; He will give them that are wicked to the sword , saith the Lord .
Behold evil shall go forth from nation to nation , and a great whirlwind shall be raised up from the coasts of The earth .
And The slain of the Lord shall be at that day from one end of the earth even onto the other end of the earth : they shall not be lamented neither gathered nor buried ; they shall be dung upon the ground .
( Jer .
25:31-33 ) Then suddenly @ @ @ @ @ @ @ the Pacific , and out of the Gulf , rocket-like objects that seemed to come up like fish leaping out of the water .
High into the air they leaped , each headed in a different direction , but every one towards The U.S. On the ground , the sirens screamed louder .
And up from the ground I saw similar rockets begin to ascend .
To me , these appeared to be interceptor rockets although they arose from different points all over the U.S .
However , none of them seemed to @ @ @ @ @ @ @ had risen from the ocean on every side .
These rockets finally reached their maximum height , slowly turned over , and fell back toward the earth in defeat .
Them suddenly , the rockets which had leaped out of the ocean like fish all exploded at once .
The explosion was ear- splitting .
The next thing which I saw was a huge ball of fire .
The only thing I have ever seen which resembled the thing I saw in my vision was the picture of the explosion of the H-bomb @ @ @ @ @ @ @ vision , it was so real I seemed to fell a searing heat from it .
As the vision spread before my eyes , and I viewed the widespread desolation brought about by the terrific explosions , I could not help thinking , ” While the defenders of our nation have quibbled over what means of defense to use , and neglected the only true means of defense , faith and dependence upon the true and living God , the thing which she greatly feared has come unto her !
How true it @ @ @ @ @ @ @ keep The city , The watchman watches but in vain.
” Then as the noise of the battle subsided , to my ears cam this quotation from Joel , the second chapter , “ Blow ye the trumpet in Zion , and sound an alarm in my holy mountain : let all the inhabitants of the land tremble : for the day of the LORD cometh , for it is nigh at hand ; A day of darkness and of gloominess , a day of clouds and of thick darkness , as the @ @ @ @ @ @ @ great people and a strong ; there hath not been ever the like , neither shall be any more after it , even to the years of many generations .
A fire devoureth before them ; and behind them a flame burneth : the land is as the garden of Eden before them , and behind them a desolate wilderness ; yea , and nothing shall escape them .
The appearance of them is as the appearance of horses ; and as horsemen , so shall they run… ” ( Joel 2:4 ) @

by Michael Snyder
Pastor Dana Coverstone has had quite a few very troubling prophetic dreams about America’s future, but this latest dream shook him up emotionally more than any of the others. In the dream, he saw the Statue of Liberty under attack, and he interpreted that to mean that our nation as a whole is under attack. And of course that is definitely what we are seeing here in 2020. Those that reject our history, our culture and our Constitution have launched a relentless assault against our most cherished traditions, and it is only going to get worse. The goal is to reshape America into something that is fundamentally different from what our founders intended, and to a large degree they are succeeding.
For better or worse, if there is one national symbol that has come to represent the U.S. as a nation it is the Statue of Liberty. Whenever that symbol is used, people instantly recognize that it is a metaphor for America. Personally, I wish that our most recognizable national symbol was a Christian symbol, but that is not the case.
Over the decades, there have been numerous prophetic dreams and visions in which the Statue of Liberty has been used to represent our country, and at the end of this article I will share an example of this. Many are comparing Pastor Coverstone’s latest dream to what A.A. Allen was shown all the way back in 1954, and I agree that there seems to be quite a few parallels.
One of the things that I really appreciate about Pastor Coverstone is that he shares exactly what he was shown without any filter. That way we can come to our own conclusions about what his dreams may mean.
In his latest video, Pastor Coverstone becomes quite emotional as he describes this new dream. He obviously has a great love for this country, and it was not easy for him to see what he saw.
My wife has put together a transcript of the video, and that transcript is reproduced below.
Following the transcript, I will share a recent video in which Jonathan Cahn shared some thoughts on the prophetic significance of the Statue of Liberty with Sid Roth. And following that video I will share what A.A. Allen was shown in 1954.
To me, it seems obvious that this was a dream that contained quite a bit of symbolism, although much of that symbolism seems quite easy to understand. Here is my wife’s transcript of Pastor Coverstone’s new video…
It is Pastor Dana Coverstone. It is Tuesday September 8. Last night on Monday the seventh of September, had a dream.
That’s probably troubled me more than the dreams that I’ve had.
I’m an American. I love this country. I have traveled to probably 43 countries.
We have a heritage, we have a country that stood as a beacon, of hope and light, even financial support for other nations.
This one got me last night.
I saw the Statue of Liberty, proudly standing in the harbor outside of New York, lighting the nation’s freedom.
I saw the sky suddenly darkened. Strong waves began to crash against the shore with a very very fierce intensity almost hurricane tsunami-like force; tropical storm force.
There were boats and they had men in them. They were out in the storm trying to breach the island on which she stood. They were fighting the waves as well but they were actually kind of working with the waves. They were trying to get the lady but the storm was so severe that could not. Even though the storm they seemed to be looking into, you know, working together, so to speak.
I saw the torch in her hand. It was flashing being struck by lightning pieces of rock and debris were being thrown into a brute force and she was even though she had her torture she was an immovable statue I saw her watching and looking around about her to kind of see where the, where the attacks are coming from so she knew they were there but she would not move. Her feet were stuck on that pedestal.
The rocks and the stuff that debris was being thrown at her caused some gashes and cuts on her neck, around about her heart. I could see there was blood coming out like she had been shot but something had had tried like the debris and the rock and either pierced her or left a jagged edge and cut something.
I saw the three of the spines on the crown on her head. I don’t think this is a crown but it has some spines are pointing out three of them. Three of those spines on a crown have been broken off and was leaving a very very jagged edge.
The right torch hand kept dropping to secure the tablet with the Declaration of Independence July 4 of that year, had been pinned on. She would drop her hand and kind of do this to keep the book in her place.
She was struggling to keep her footing, almost slipping off the pedestal. But she wouldn’t move, she will not move. There was a huge volley of trash and debris. Just junk. Hit her directly in the face and she stepped back off the pedestal and she fell, because the force of this hit her right in the face. She’s still held on to the torso. She still held on to the declarations, you know, dateline on the book.
With that light, that torches kept flickering like a light.
The declaration that was in her left hand or left arm; it was cracked. There were large chips and pieces falling off of it. That’s, I kept seeing Liberty tried to reach out with her hand while she holds them in grabbing the pieces, but they wouldn’t stick. She was crying. Liberty was crying. She was weeping, she was fighting to keep her dignity. She was trying to you know to get the pieces of what she had held on to but it was it was obvious she knew that she was in a battle that was fighting her and defeating her, and she was desperate trying to hold on, you can see the fierceness in her face that she was trying to fight and win.
Then the boats appeared with the men and they threw ropes around her arms and her legs and kept trying to bring her to the ground. They pulled and pulled and tandem and finally she fell to her knees. It was almost like Gulliver’s Travels when the giant gets knocked over.
She still got the light, the hoarser in her fist, or right hand is just trying to hold that book. They were hammering away like pry tools at the declaration, trying to get the days off. So July 4, they’re trying to pry those, those numbers and those letters off. They were using cutting tools to remove the torch. They kept trying to rip it, jerk it out of her hand and she just kept holding on, and holding on, and holding on. Because she fought them so hard they finally just began to cut off her hand.
They tied her other hand behind her back. The men began rolling her in ropes and she was yelling for help. She was crying out. It wasn’t a desperate cry, it was a cry for those who were listening to come to her defense. All those nations that that she had helped for so many years and nobody would come.
They took a large banner of fabric, it was black and smoky gray kind of all together. They covered her face with it. They just kept wrapping, and wrapping, almost like a mummy, they just kept wrapping, and wrapping and wrapping until you could barely see her eyes and the jagged spines of some of her crying, of her crown.
Then they took an anchor chain, and wrapped it around her neck. They asked her if she had any last words. Her eyes weren’t fearful they were feisty. They were fitful. There was this angry resolve in her face that she said nothing.
The chain was tied to a boat and the boat began to drag her off of to Liberty Island out into the harbor.
When they got her into the sea, the boat began to pull very quickly. Her arms were down, her legs to the side and she was just kind of rolling spinning.
As the boat pulled, going faster and faster was almost like a ski boat was pulling her. She kept twisting back and forth, but she was being pulled by the by the boat and eventually lost all the strength that she had. The banner had come off of her mouth but she wasn’t saying anything.
The boat slowed. Then the boat kind of looked back to see how, where she was and they reversed the boat. In reverse, the boat went backwards and ran over her, body bouncing and bleeding in the harbor.
She took a breath and she went under. She came back up. A minute later that she did the same thing again. She came up the next time the boat accelerated forward, hit her square on the face as she went down. The boat began to circle the area.
After it hit her, she never came back up. She never came back up. At least alive. She floated back up. Her back was to the top. (Torch hand was gone ?? ) , other arms tied behind her back.
Was this thunderous clap. Brilliant lightning strike. The storm just raged all around the harbor.
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That’s all the men on that boat. It was a loose group of men.
I was throwing them pieces of silver not in a bag just loose pieces of silver being thrown.
I began to pick them up kind feverishly, gripped them with their fists in their pockets. Sat down and drove away.
Almost like, okay, our job here is done.
(Dream ends at 10:04 in the video)
When I started to put this article together, I instantly thought of an interview that Sid Roth recently conducted with Jonathan Cahn.
They discuss a wide range of topics in this video, but it is definitely worth watching the entire thing, and of particular note are the couple of times that Jonathan Cahn brings up the Statue of Liberty.
Lastly, I would like to share what A.A. Allen was shown in 1954, because many people are pointing out that it goes right along with what Pastor Coverstone was just shown about the Statue of Liberty.
I quote A.A. Allen’s account in my new book, and the full version of his prophecy is reproduced below…
A.A. Allen’s 1954 Vision
As I stood atop the Empire State Building, I could see the Statue of Liberty, illuminating the gateway to the new world. Here, spread before me like an animated map, is an area sixty or eighty miles in diameter. I was amazed that the Spirit of the Lord should so move me, there atop the Empire State Building. Why should I feel such a surge of His Spirit and power there?
Suddenly I heard the voice of the Lord. It was as clear and as distinct as a voice could be. It seemed to come from the very midst of the giant telescope. But when I looked at the telescope, I knew it hadn’t come from there, but directly from heaven. The voice said, “The eyes of the lord run to and fro throughout the whole earth, to show himself strong in behalf of them whose heart is perfect toward Him. Herein you have done foolishly. Therefore, from henceforth, you shall have wars.”
Immediately when I heard the voice of God, I knew this was a quotation of Scripture. But never before had a thing come to me so forcibly by the power of the Spirit. The ticking of the telescope stopped. The man before me had used up his dimes worth. As he stepped away I knew that I was next. As I stepped to the telescope and dropped in my dime, immediately the ticking started again. This ticking was an automatic clock which would allow me to use the telescope for a definitely limited time only.
As I swung the telescope to the North, suddenly the Spirit of God came upon me in a way that I had never thought of before. Seemingly in the spirit I was entirely caught away. I knew that the telescope itself had nothing to do with the distance which I was suddenly enabled to see, for I seemed to see things far beyond the range of the telescope, even on a bright clear day. It was simply that God had chosen this time to reveal these things to me, for as I looked through the telescope, it was not Manhattan Island that I saw, but a far larger view. That morning, much of the view was impaired by fog. But suddenly as the Spirit of the Lord came upon me the fog seemed to clear, until it seemed that I could see for thousands of miles.
But that which I was looking upon was not Manhattan island, it was all of the North American Continent spread out before me as a map is spread upon a table, it was not the East River and the Hudson River that I saw on either side, but the Atlantic and the Pacific Oceans.And instead of the Statue of Liberty standing there in the bay on her small island I saw her standing far out in the Gulf of Mexico. She was between me and the United States.
I suddenly realized that the telescope had nothing to do with what I was seeing, but that it was a vision coming directly from God. And to prove this to myself I took my eyes away from the telescope, so that I was no longer looking through the lens, but the same scene remained before me.
There, clear and distinct, lay all the North American Continent, with all it’s great cities. To the North lay the Great Lakes. Far to the Northeast was New York City. I could see Seattle and Portland far to the Northwest. Down the West Coast, there were San Francisco and Los Angeles. Closer in the foreground, there lay New Orleans, at the center of the Gulf Coast area. I could see the great towering ranges of the Rocky Mountains, and trace with my eye the Continental Divide. All this and more, I could see spread out before me as a great map upon a table.
And as l looked, suddenly from the sky I saw a giant hand reach down. That gigantic hand was reaching out toward the Statue of Liberty. In a moment her gleaming torch was torn from her hand, and in it instead was placed a cup. And I saw protruding from that great cup, a giant sword, shining as if a great light had been turned upon its glistening edge. Never before had I seen such a sharp, glistening, dangerous sword. lt seemed to threaten all the world. As the great cup was placed in the hand of the Statue of Liberty, I heard these words, “Thus saith the Lord of hosts, Drink ye and be drunken, spue and fall, and rise no more, because of the sword which I will send” As I heard these words, I recognized them as a quotation from Jeremiah 25:7.
I was amazed to hear the Statue of Liberty speak out in reply, “I WILL NOT DRINK!” Then as the voice of the thunder, I heard again the voice of the Lord, saying, “Thus saith the Lord of Hosts, YE SHALL CERTAINLY DRINK.” (Jer.25:28) Then suddenly the giant hand forced the cup to the lips of the Statue of Liberty, and she became powerless to defend herself. The mighty hand of God forced her to drink every drop from the cup. As she drank the bitter dregs, these were the words that I heard, “Should you be utterly unpunished? You shall not be unpunished: for I will call for a sword upon all the inhabitants of the earth, saith the Lord of Hosts.” (Jer.25:29) When the cup was withdrawn from the lips of the Statue of Liberty, I noticed the sword was missing from the cup, which could mean but one thing. THE CONTENTS OF THE CUP HAD BEEN COMPLETELY CONSUMED! I knew that the sword merely typified war, death, and destruction, which is no doubt on the way.
Then as one drunken on too much wine, I saw the Statue of Liberty become unsteady on her feet and begin to stagger, and to lose her balance. I saw her splashing in the Gulf, trying to regain her balance. I saw her stagger again and again, and fall to her knees. As I saw her desperate attempts to regain her balance, and rise to her feet again, my heart was moved as never before with compassion for her struggles. But as she staggered there in the gulf, once again I heard these words, “Ye shall drink and be drunken, and spue, and fall, and rise no more because of the sword that I shall send among you.”
As I watched, I wondered if the Statue of Liberty would ever be able to regain her feet – if she would ever stand again. And as I watched, it seemed that with all her power she struggled to rise, and finally staggered to her feet again, and stood there swaying drunkenly. I felt sure that at any moment she would fall again – possibly never to rise. I seemed overwhelmed with a desire to reach out my hand to keep her head above water, for I knew that if she ever fell again she would drown there in the Gulf.
“Thou shalt not be afraid for the terror by night, nor for the pestilence that walketh in darkness, nor for the destruction that wastes at noonday.” Psalms 91:5,6.
Then as I watched, another amazing thing was taking place. Far to the Northwest, just out over Alaska, a huge, black cloud was arising. As it rose, it was as black as night. It seemed to be in the shape of a man’s head. As it continued to arise, I observed two light spots in the black cloud. It rose further, and a gaping hole appeared. I could see that the black cloud was taking the shape of a skull, for now the huge, white, gaping mouth was plainly visible. Finally the head was complete. Then the shoulders began to appear and on either side long, black arms. It seemed that what I saw was the entire North American Continent, spread out like a map upon a table with this terrible skeleton-formed cloud arising from behind the table. It rose steadily until the form was visible down to the waist. At the waist, the skeleton seemed to bend towards the United States, stretching forth a hand toward the East and one toward the West – one toward New York and one toward Seattle. As the awful form stretched forward, I could see that the entire attention seemed to be focused upon the U.S., overlooking Canada at least for the time being. As I saw the horrible black cloud in the form of a skeleton bending towards America, bending from the waist over, reaching down toward Chicago and out towards both coasts, I knew it’s one interest was to destroy the multitudes.
As I watched in horror, the great black cloud stopped just above the great lakes region, and turned it’s face towards New York City. Then out of the horrible, great gaping mouth began to appear wisps of white vapor which looked like smoke, as a cigarette smoker would blow puffs of smoke from his mouth. These whitish vapors were being blown toward New York City. The smoke began to spread, until it had covered all the eastern part of the United States.
Then the skeleton turned to the West, and out of the horrible mouth and nostrils came another great puff of white smoke. This time it was blown in the direction of the West Coast. In a few moments time,the entire West Coast and L.A. area was covered with it’s vapors
Then towards the center came a third great puff. As I watched, St. Louis and Kansas City were enveloped in its white vapors. Then on it came towards New Orleans. Then on they swept until they reached the Statue of Liberty where she stood staggering drunkenly in The blue waters of The Gulf. As the white vapors began to spread around The head of the statue, she took in but one gasping breath, and then began to cough as though to rid her lungs of the horrible vapors she had inhaled. One could readily discern by the coughing that those white vapors had seared her lungs.
What were these white vapors? Could they signify bacteriological warfare or nerve gas that could destroy multitudes of people in a few moments time? Then I heard the voice of God, as He spoke again: “Behold, the Lord maketh the earth empty, and maketh it waste, and turneth it upside down, and scattereth abroad the inhabitants thereof,. And it shall be, as with the people. so with The priest; as with the servant, so with his master; as with the buyer, so with the seller, as with the taker of usury, so with the giver of usury to him. The land shall be utterly emptied, and utterly spoiled : for The Lord has spoken this word. The earth mourneth and fadeth away,The world languisheth and fadeth away, the haughty people of the earth do languish . The earth also is defiled under the inhabitants thereof; because they have transgressed the laws, changed the ordinance, broken the everlasting covenant. Therefore has the curse devoured the earth and they that dwell therein are desolate; therefore the inhabitants of the earth are burned and few men are left.” (Isa.24:1-6)
As I watched, the coughing grew worse. It sounded like a person was about to cough out his lungs. The Statue was moaning and groaning. She was in mortal agony. The pain must have been terrific, as again and again, she tried to clear her lungs of those horrible white vapors. I watched her there in the Gulf, as she staggered, clutching her lungs and her breast with her hands. Then she fell to her knees. In a moment, she gave one final cough, and made a last desperateeffort to rise from her knees, and then fell face forward into the waters of The Gulf and lay still as death. Tears ran down my face as I realized that she was dead! Only The lapping of The waves, splashing over her body, which was partly under the water, and partly out of water, broke the silence.
“A fire devoureth before them, and behind them a flame burneth; the land is as the garden of Eden before them, and behind them, a desolate wilderness.” Joel 2:3
Suddenly the silence was shattered by the screaming of sirens. The sirens seemed to scream, “RUN FOR YOUR LIVES!” Never before had I heard such shrill, screaming sirens. They seemed to be everywhere – to the North, South, the East and the West. There seemed to be multitudes of sirens. And as I looked, I saw people everywhere running. But it seemed none of them ran more than a few paces, and then they fell. And even as I had seen the Statue struggling to regain her poise and balance, and finally falling to die on her face, I now saw millions of people falling in the streets, on the sidewalks, struggling. I heard their screams for mercy and help. I heard their horrible coughing as though their lungs had been seared with fire. I heard the moanings and groanings of the doomed and the dying. As I watched, a few finally reached shelters, and above the moaning and groanings, I heard these words: “A noise shall come even to the ends of the earth for the Lord has a controversy with the nations. He will plead with all flesh; He will give them that are wicked to the sword, saith the Lord. Behold evil shall go forth from nation to nation, and a great whirlwind shall be raised up from the coasts of The earth. And The slain of the Lord shall be at that day from one end of the earth even onto the other end of the earth: they shall not be lamented neither gathered nor buried; they shall be dung upon the ground. (Jer. 25:31-33)
Then suddenly I saw from the Atlantic and from the Pacific, and out of the Gulf, rocket-like objects that seemed to come up like fish leaping out of the water . High into the air they leaped, each headed in a different direction, but every one towards The U.S. On the ground, the sirens screamed louder. And up from the ground I saw similar rockets begin to ascend. To me, these appeared to be interceptor rockets although they arose from different points all over the U.S. However, none of them seemed to be successful in intercepting the rockets that had risen from the ocean on every side. These rockets finally reached their maximum height, slowly turned over, and fell back toward the earth in defeat. Them suddenly, the rockets which had leaped out of the ocean like fish all exploded at once. The explosion was ear- splitting. The next thing which I saw was a huge ball of fire. The only thing I have ever seen which resembled the thing I saw in my vision was the picture of the explosion of the H-bomb in the South Pacific. In my vision, it was so real I seemed to fell a searing heat from it.
As the vision spread before my eyes, and I viewed the widespread desolation brought about by the terrific explosions, I could not help thinking, ” While the defenders of our nation have quibbled over what means of defense to use, and neglected the only true means of defense, faith and dependence upon the true and living God, the thing which she greatly feared has come unto her! How true it has proven that “Except the Lord keep The city, The watchman watches but in vain.”
Then as the noise of the battle subsided, to my ears cam this quotation from Joel, the second chapter, “Blow ye the trumpet in Zion, and sound an alarm in my holy mountain: let all the inhabitants of the land tremble: for the day of the LORD cometh, for it is nigh at hand; A day of darkness and of gloominess, a day of clouds and of thick darkness, as the morning spread upon the mountains: a great people and a strong; there hath not been ever the like, neither shall be any more after it, even to the years of many generations.
A fire devoureth before them; and behind them a flame burneth: the land is as the garden of Eden before them, and behind them a desolate wilderness; yea, and nothing shall escape them. The appearance of them is as the appearance of horses; and as horsemen, so shall they run…” (Joel 2:4).


investmentwatchblog--2020-09-11--Large bankruptcies and permanent layoffs in the US keep climbing

Permanent layoffs in the US keep climbing. pic.twitter.com/cfOyzk2Pk8 — Win Smart, CFA (@WinfieldSmart) September 10, 2020
'The 65% of owners who believe their business will survive is the lowest percentage recorded in the survey thus far, down from 73% in July and 68% in April.' t.co/RcjRwfSqyG — Jesse Felder (@jessefelder) September 10, 2020
M2 & M2 VELOCITY pic.twitter.com/W4DlOnfswr — Win Smart, CFA (@WinfieldSmart) September 8, 2020
📌Investors Intelligence Survey: Managers remain too optimistic, less than previous week.
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
Bulls> 59.0
Bears> 16.4
Spread> 42.6 from 45.1 (Past week)> very Bullish pic.twitter.com/HPJC2XzAo0 — Antonio Pérez-Algás (@apanalis) September 10, 2020
√ Always interesting to see how #ZIRP & #QE have profoundly changed some long-term relationships between nominal GDP & monetary aggregates as #US money multiplier & velocity have both collapsed pic.twitter.com/SOaX5xTHu1 — Patrick Zweifel (@PkZweifel) September 3, 2020
JPMorgan’s Strategic Income Opportunities Fund is now more than 40% invested in cash, "probably the most conservative" it's been positioned since the 2008 crisis: JPMorgan's Oksana Aronov via @Ruth_Liew10 @theterminal She calls bonds "an incredibly rich asset class." — Lisa Abramowicz (@lisaabramowicz1) September 8, 2020


investmentwatchblog--2020-09-11--Narrowest breadth since the Dotcom bubble

Great chart via @ themarketear – narrowest breadth since the # Dotcom bubble .
pic.twitter.com/TwXZJa0gfv Abrupt market moves could lead @ @ @ @ @ due to this quant strategy focused on abrupt market moves t.co/iEUoyq1nmx via @ markets

Great chart via @themarketear – narrowest breadth since the #Dotcom bubble. pic.twitter.com/TwXZJa0gfv
Abrupt market moves could lead to more abrupt market moves due to this quant strategy focused on abrupt market moves t.co/iEUoyq1nmx via @markets
— Robert Burgess (@BobOnMarkets) September 9, 2020


investmentwatchblog--2020-09-11--The Federal Reserve’s ‘official position on bubbles? They can only be seen after they burst, when th

The Federal Reserve’s ‘official position on bubbles? They can only be seen after they burst, when their bursting ‘proves their existence.’  (Greenspan)

The @ federalreserve 's 'official position on bubbles ?
They can only be seen after they burst , when their @ @ @ @ @ ' ( Greenspan ) Contrast that with the great Dr. Kurt Richebacher .
No mystery @ @ @ @ @ huge Fed fueled bubbles in just 20-years !
pic.twitter.com/aOqwy9fFHW

The @federalreserve 's 'official position on bubbles? They can only be seen after they burst, when their bursting 'proves their existence.' (Greenspan)
Contrast that with the great Dr. Kurt Richebacher.
No mystery why we've had 3 huge Fed fueled bubbles in just 20-years! pic.twitter.com/aOqwy9fFHW
— Peter Schmidt (The 92ers) (@The92ers) September 10, 2020


investmentwatchblog--2020-09-11--STOCKS OR GOLD IN THE 1970s?

STOCKS OR GOLD IN THE 1970s?

The Fed ’ s New Policy Risks a Return of the 1970s On August 27 , the Federal Reserve released @ @ @ @ @ monetary policy strategy , replacing 2 percent price inflation targeting—initially adopted in 2012—with a new @ @ @ @ @ will target an average inflation rate instead .
If you thought the 2007–09 response by @ @ @ @ @ was extraordinary , you have not been paying attention to what is currently happening under @ @ @ @ @ A zero interest rate policy , unlimited asset buying , Wall Street bailouts , & @ @ @ @ @ is a never-ending monetary accommodation that leaves you asking : … There ’ s a @ @ @ @ @ China Developing Separate Finance Systems From the Rest of the World “ There is a @ @ @ @ @ … much of the rest of the world developing separate financial systems for things like @ @ @ @ @ payments for trade , ” he said .

STOCKS OR GOLD IN THE 1970s? pic.twitter.com/3VWo6IWUE0 — Win Smart, CFA (@WinfieldSmart) September 10, 2020
Long-term US market-based inflation expectations are back at pre-crisis levels. pic.twitter.com/8X9Hxrllws — Win Smart, CFA (@WinfieldSmart) September 10, 2020
On August 27, the Federal Reserve released an important revision to its monetary policy strategy, replacing 2 percent price inflation targeting—initially adopted in 2012—with a new approach in which the Fed will target an average inflation rate instead.
If you thought the 2007–09 response by Bernanke & his Fed System was extraordinary, you have not been paying attention to what is currently happening under Powell’s watch. A zero interest rate policy, unlimited asset buying, Wall Street bailouts, & now guaranteed inflation. This is a never-ending monetary accommodation that leaves you asking:…
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“There is a real danger of China and … much of the rest of the world developing separate financial systems for things like payments of international debts and payments for trade,” he said.


investmentwatchblog--2020-09-11--This Is How It Ends: All That Is Solid Melts Into Air

While the Federal Reserve and the Billionaire Class push the stock market to new highs to promote a false facade of prosperity , everyday life will fall apart .
How will the status quo collapse ?
An open conflict–a civil war , an insurrection , a coup–appeals to our affection for drama , but the more likely reality is a decidedly undramatic dissolution in which all the elements of our way of life we reckoned were solid and permanent simply melt into air , to borrow Marx ’ s trenchant phrase .
In other words , Rome won ’ t @ @ @ @ @ @ @ in an insurrectionary conflagration–everything will simply stop working as those burdened with the impossible task of keeping a failed system glued together simply walk away .
If we examine the collapse of the Soviet Union and the Western Roman Empire , we can trace the eventual collapse to the sudden psychological shift from an assumption of permanence that found expression in denial ( Rome can ’ t fall , it ’ s eternal… ) or in the universal belief that life was unchanging and so everything was forever .
This psychological state was @ @ @ @ @ @ @ was unimaginable , “ impossible ” –systemic collapse–was not only entirely possible , it was happening in real time .
This change in consciousness arose in individuals in differing ways and velocities , but eventually everyone accepted that some adaptation was now necessary .
Correspondent R.J. and I have been discussing the consequences of the sharp decline in the value of labor which is painfully obvious in the chart below and the many other charts depicting the declining purchasing power of wages and the skimming of the majority of the economic gains by @ @ @ @ @ @ @ , it no longer pays to work beyond the bare minimum needed to survive as all the value generated by labor above this minimum is either skimmed by the Bezos , Buffetts , Gates , Zuckerbergs et al .
or it ’ s paid in higher taxes to the government .
If collecting bread and circuses from the state is an option , then foregoing formal work entirely offers a better lifestyle than those afforded the working poor .
While the working poor are crushed by the stresses of low wages , plummeting @ @ @ @ @ @ @ working conditions , a consequential slice of the highly paid professional class is crushed by taxes and the stresses of limitless liability , bureaucracy and work .
When physicians , nurses , managers , et al .
stop showing up for work , the system breaks down very quickly .
Not showing up can take a number of forms : early retirement , sick leave , a demand to work halftime , a workers compensation stress leave , and of course , resignation/quitting .
As in take this job and shove it .
@ @ @ @ @ @ @ tune ?
Let me refresh your memory : take this job and shove it , I ain ’ t working here no more .
I ’ m stepping off the rat race merry-go-round , thank you very much .
You can find some other sucker to do your dirty work and BS work , all for the greater glory and wealth of your New Nobility shareholders .
I ’ m outta here .
So I won ’ t get rich , that dream died a long time ago .
What I ’ m @ @ @ @ @ @ @ back and getting the heck out of Dodge as things fall apart .
The Aristocrats skimming all the gains are confident that the endless appeals of consumer-paradise consumption will keep the workforce chained to the wheel forever .
This confidence reflects the disconnect of the skimming owners of debt/finance from the workforce toiling beneath them .
This is the systemic price of stripping the value of labor to the bone via globalization and financialization , the tireless engines of soaring inequality .
The beasts of burden don ’ t rebel , they just @ @ @ @ @ @ @ noiselessly into the cracks and crevasses and once they ’ re gone , there ’ s nobody left to replace them .
As the Vital Few 4 % realize the system no longer works for them and opt out , this will have an outsized effect on the 64 % , most likely urban dwellers highly dependent on increasingly brittle , fragile services that depend on the Vital Few for their functionality .
Ideology won ’ t matter .
Those dropping out may be Conservative or Progressive or they may have lost interest @ @ @ @ @ @ @ circuses that serve to distract the populace from the crises dissolving the glue that held the system together .
While the Federal Reserve and the Billionaire Class push the stock market to new highs to promote a false facade of prosperity , everyday life will fall apart .
The New Nobility ’ s primary characteristics are infinite greed and near-infinite hubris , and so they will wrongly assume that the professional and working classes they need to keep slaving away for wages that are losing purchasing power are as greedy and blind as @ @ @ @ @ @ @ aren ’ t as blind as those out of touch at the top .
They will see that their job is no longer tenable and their sacrifice won ’ t be enough nor will be it be valued , so they will figure out how to leave .
The police will stop showing up , the hospital will be half-staffed , the garbage collection crews thin out , gasoline deliveries won ’ t be made and so on .
Those at the top will claim it ’ s still whole ( look , @ @ @ @ @ @ @ will have dissipated like mist in Death Valley .
The most competent will realise the impossibility of keeping it glued together and so they will exit first .
The most noble will try to keep it going but they will burn out and drop away , leaving the incompetent to oversee the final collapse .
All That Is Solid Melts Into Air and the lifestyle you ordered is permanently out of stock .
Everything Was Forever , Until It Was No More : The Last Soviet Generation ( recommended by Mark J .
@ @ @ @ @ @ @ : A Reappraisal ( 1976 , Michael Grant ) The Fall of the Roman Empire ( shorter version , 1990 , Michael Grant )

by Charles Hugh-Smith
While the Federal Reserve and the Billionaire Class push the stock market to new highs to promote a false facade of prosperity, everyday life will fall apart.
How will the status quo collapse? An open conflict–a civil war, an insurrection, a coup–appeals to our affection for drama, but the more likely reality is a decidedly undramatic dissolution in which all the elements of our way of life we reckoned were solid and permanent simply melt into air, to borrow Marx’s trenchant phrase.
In other words, Rome won’t be sacked by Barbarians, or ignite in an insurrectionary conflagration–everything will simply stop working as those burdened with the impossible task of keeping a failed system glued together simply walk away.
If we examine the collapse of the Soviet Union and the Western Roman Empire, we can trace the eventual collapse to the sudden psychological shift from an assumption of permanence that found expression in denial (Rome can’t fall, it’s eternal…) or in the universal belief that life was unchanging and so everything was forever.
This psychological state was replaced by a shocked awareness that what was unimaginable, “impossible”–systemic collapse–was not only entirely possible, it was happening in real time. This change in consciousness arose in individuals in differing ways and velocities, but eventually everyone accepted that some adaptation was now necessary.
Correspondent R.J. and I have been discussing the consequences of the sharp decline in the value of labor which is painfully obvious in the chart below and the many other charts depicting the declining purchasing power of wages and the skimming of the majority of the economic gains by the top 0.1%.
In effect, it no longer pays to work beyond the bare minimum needed to survive as all the value generated by labor above this minimum is either skimmed by the Bezos, Buffetts, Gates, Zuckerbergs et al. or it’s paid in higher taxes to the government.
If collecting bread and circuses from the state is an option, then foregoing formal work entirely offers a better lifestyle than those afforded the working poor.
While the working poor are crushed by the stresses of low wages, plummeting purchasing power, long commutes and poor working conditions, a consequential slice of the highly paid professional class is crushed by taxes and the stresses of limitless liability, bureaucracy and work.
When physicians, nurses, managers, et al. stop showing up for work, the system breaks down very quickly. Not showing up can take a number of forms: early retirement, sick leave, a demand to work halftime, a workers compensation stress leave, and of course, resignation/quitting.
As in take this job and shove it. Maybe you remember the old Johnny Paycheck tune? Let me refresh your memory: take this job and shove it, I ain’t working here no more. I’m stepping off the rat race merry-go-round, thank you very much. You can find some other sucker to do your dirty work and BS work, all for the greater glory and wealth of your New Nobility shareholders. I’m outta here. So I won’t get rich, that dream died a long time ago. What I’m interested in now is getting my life back and getting the heck out of Dodge as things fall apart.
The Aristocrats skimming all the gains are confident that the endless appeals of consumer-paradise consumption will keep the workforce chained to the wheel forever. This confidence reflects the disconnect of the skimming owners of debt/finance from the workforce toiling beneath them.
We are primarily funded by readers. Please subscribe and donate to support us!
This is the systemic price of stripping the value of labor to the bone via globalization and financialization, the tireless engines of soaring inequality. The beasts of burden don’t rebel, they just no longer show up. They slip noiselessly into the cracks and crevasses and once they’re gone, there’s nobody left to replace them.
As the Vital Few 4% realize the system no longer works for them and opt out, this will have an outsized effect on the 64%, most likely urban dwellers highly dependent on increasingly brittle, fragile services that depend on the Vital Few for their functionality.
Ideology won’t matter. Those dropping out may be Conservative or Progressive or they may have lost interest entirely in politics and all the other circuses that serve to distract the populace from the crises dissolving the glue that held the system together.
While the Federal Reserve and the Billionaire Class push the stock market to new highs to promote a false facade of prosperity, everyday life will fall apart. The New Nobility’s primary characteristics are infinite greed and near-infinite hubris, and so they will wrongly assume that the professional and working classes they need to keep slaving away for wages that are losing purchasing power are as greedy and blind as themselves.
But those in the trenches aren’t as blind as those out of touch at the top. They will see that their job is no longer tenable and their sacrifice won’t be enough nor will be it be valued, so they will figure out how to leave.
The police will stop showing up, the hospital will be half-staffed, the garbage collection crews thin out, gasoline deliveries won’t be made and so on. Those at the top will claim it’s still whole (look, stocks are soaring!) but functionality will have dissipated like mist in Death Valley.
The most competent will realise the impossibility of keeping it glued together and so they will exit first. The most noble will try to keep it going but they will burn out and drop away, leaving the incompetent to oversee the final collapse.
All That Is Solid Melts Into Air and the lifestyle you ordered is permanently out of stock.
source books:
Everything Was Forever, Until It Was No More: The Last Soviet Generation (recommended by Mark J.)
The Fall of the Roman Empire: A Reappraisal (1976, Michael Grant)
The Fall of the Roman Empire (shorter version, 1990, Michael Grant)


investmentwatchblog--2020-09-11--Temporary To Permanent Job Losses

Temporary To Permanent Job Losses

The latest Redbook same store sales growth reading was bad as it fell from 4.6 % to -0.1 % in the week of September 5th .
It ’ s always hard to figure out if one week of bad data means the trend is changing .
The good news is that was after the back to school shopping season ended , so it was less important .
Further good news is new COVID-19 cases fell in Florida , Mississippi , Georgia , and Tennessee even though school started in early August .
There has been an increase in the counties @ @ @ @ @ @ @ per person , but overall , the data has improved in the past couple months .
As of September 9th , the 7 day average of new deaths was 753 and the 7 day average of new cases was 37,248 .
Total active cases are actually falling !
Despite the major decline in new cases and deaths per day , the economy isn ’ t close to back to normal because businesses and politicians don ’ t want to take any risks .
A politician might not get re-elected and a business person @ @ @ @ @ @ @ s why many say they are waiting for a vaccine before a return to normalcy even though there ’ s a chance better treatments and testing can eliminate most deaths .
At an unknown point , the economy will push further towards a return to normalcy regardless of whether a vaccine comes .
Interestingly , in Spain the 7 day average of new cases peaked at 7,435 on August 27th which is slightly below the peak of 8,992 on March 20th .
The 7 day average of deaths peaked at 866 on April @ @ @ @ @ @ @ just 63 .
It has been 2 weeks since that peak in cases , yet deaths are less than a tenth of the previous peak .
When Will Traveling Come Back ?
It appears in the past week , we just hit an important threshold in terms of people being comfortable with vacations and work trips .
As you can see from the chart below , the percentage of consumers saying they are comfortable traveling now increased from 26 % to 36 % from the last week of August to the first week @ @ @ @ @ @ @ new cases and deaths are dropping or because of the announcement of Abbott ’ s new test .
Since Abbott ’ s test won ’ t come out for another 2 weeks or so , that might not be the reason since people said they are willing to travel now .
44 % will wait another 1-2 months to travel .
On the other side of the coin , fewer than 10 % of New York ’ s office workers returned to work as of last month .
25 % of major employers @ @ @ @ @ @ @ end of the year and 54 % said they will return by July 2021 .
Both surveys can change .
If the virus gets worse , less people will travel and return to work .
If Abbott ’ s test works so well the virus stops spreading by November , everyone will be back to work on site and traveling like normal .
In July , there were 6.618 million job openings which was up from 6.001 million and above the consensus for 5.95 million .
As you can see from the chart @ @ @ @ @ @ @ per job opening fell from 3 to 2.5 .
You can tell how full the labor market was at the end of last cycle by the fact that there were more openings than unemployed people for the first time .
This ratio peaked at 6.4 in July 2009 which means this recession didn ’ t get as bad as the last one .
On the negative side , hires fell from 6.97 million to 5.787 million .
That ’ s not a bad reading though as the spike in May and June was @ @ @ @ @ @ @ below openings in February before the recession ( 5.864 million ) .
Now that it seems like the worst of the recession is over for the labor market , it ’ s time to look at the scarring which is the long term impact of the recession .
The long term impact will be fully shown after the temporary job losses either turn permanent or turn back into employment .
Normally in recessions , the scarring is known once it ’ s over , but it isn ’ t known in this case @ @ @ @ @ @ @ ) because there are over 6 million workers still in a state of uncertainty ( temporary unemployment ) .
As we discussed earlier , the economy isn ’ t back to normal as people aren ’ t traveling as much and they are working from home .
We need to know when that will resolve itself to determine the details on the lasting economic damage .
The long term ( 1-5 years ) impacts on the labor market could be less than a mild recession if return to normalcy goes well .
That @ @ @ @ @ @ @ a depression in March and April .
On the positive side , the chart above shows the percentage of employed workers who become permanently unemployed in the following month has decreased sharply .
It ’ s not as high as it was after the past 2 recessions .
This is in line with the data on the percentage of unemployed people for various lengths .
A very low percentage have been unemployed for 5 weeks or less .
That means most of the new permanent layoffs are coming from the temporarily unemployed workers @ @ @ @ @ @ @ many new job losses in the past few weeks .
We ’ re dealing with the consequences of the spring and little else .
On the negative side , the chart below shows the percentage of temporarily unemployed workers who became permanently unemployed in the next month is increasing .
This is the race we have discussed .
The longer it takes the economy to normalize , the more likely the temporary job losses will become permanent .
The chart will look a lot better if Abbott ’ s new test eliminates the @ @ @ @ @ @ @ People are getting more comfortable with going on vacation , but employers aren ’ t fully on board with bringing workers back to the office .
Job openings increased in July .
There aren ’ t many new job losses nor are there many new permanent job losses from previously employed people .
On the negative side , temporary layoffs are increasingly becoming permanent which means the economy needs to get back to normal quickly to avoid deep long term damage .

by UPFINA
The latest Redbook same store sales growth reading was bad as it fell from 4.6% to -0.1% in the week of September 5th. It’s always hard to figure out if one week of bad data means the trend is changing. The good news is that was after the back to school shopping season ended, so it was less important. Further good news is new COVID-19 cases fell in Florida, Mississippi, Georgia, and Tennessee even though school started in early August. There has been an increase in the counties with a high number of college students per person, but overall, the data has improved in the past couple months. As of September 9th, the 7 day average of new deaths was 753 and the 7 day average of new cases was 37,248. Total active cases are actually falling!
Despite the major decline in new cases and deaths per day, the economy isn’t close to back to normal because businesses and politicians don’t want to take any risks. A politician might not get re-elected and a business person might lose their job. That’s why many say they are waiting for a vaccine before a return to normalcy even though there’s a chance better treatments and testing can eliminate most deaths. At an unknown point, the economy will push further towards a return to normalcy regardless of whether a vaccine comes.
Interestingly, in Spain the 7 day average of new cases peaked at 7,435 on August 27th which is slightly below the peak of 8,992 on March 20th. The 7 day average of deaths peaked at 866 on April 3rd; it’s now at just 63. It has been 2 weeks since that peak in cases, yet deaths are less than a tenth of the previous peak.
When Will Traveling Come Back?
It appears in the past week, we just hit an important threshold in terms of people being comfortable with vacations and work trips. As you can see from the chart below, the percentage of consumers saying they are comfortable traveling now increased from 26% to 36% from the last week of August to the first week of September. That might be because new cases and deaths are dropping or because of the announcement of Abbott’s new test. Since Abbott’s test won’t come out for another 2 weeks or so, that might not be the reason since people said they are willing to travel now. 44% will wait another 1-2 months to travel.
People want to go out… pic.twitter.com/N47LQ1mVD1 — Thunderdome Capital (@MadMax66657821) September 9, 2020
On the other side of the coin, fewer than 10% of New York’s office workers returned to work as of last month. 25% of major employers expect to bring workers back by the end of the year and 54% said they will return by July 2021. Both surveys can change. If the virus gets worse, less people will travel and return to work. If Abbott’s test works so well the virus stops spreading by November, everyone will be back to work on site and traveling like normal.
Job Openings Increase
In July, there were 6.618 million job openings which was up from 6.001 million and above the consensus for 5.95 million. As you can see from the chart below, the number of unemployed people per job opening fell from 3 to 2.5. You can tell how full the labor market was at the end of last cycle by the fact that there were more openings than unemployed people for the first time. This ratio peaked at 6.4 in July 2009 which means this recession didn’t get as bad as the last one.
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Like other data lines, we never hit the worst levels of 2008 or 2009. This time around we showed much more fiscal and monetary muscle t.co/DnWz1Eh8Hg pic.twitter.com/tvNfZIAke1 — Logan Mohtashami (@LoganMohtashami) September 9, 2020
On the negative side, hires fell from 6.97 million to 5.787 million. That’s not a bad reading though as the spike in May and June was unsustainable. We’re only slightly below openings in February before the recession (5.864 million).
The Labor Market Scarring
Now that it seems like the worst of the recession is over for the labor market, it’s time to look at the scarring which is the long term impact of the recession. The long term impact will be fully shown after the temporary job losses either turn permanent or turn back into employment. Normally in recessions, the scarring is known once it’s over, but it isn’t known in this case (even though the recession is over) because there are over 6 million workers still in a state of uncertainty (temporary unemployment).
As we discussed earlier, the economy isn’t back to normal as people aren’t traveling as much and they are working from home. We need to know when that will resolve itself to determine the details on the lasting economic damage. The long term (1-5 years) impacts on the labor market could be less than a mild recession if return to normalcy goes well. That’s crazy because people were predicting a depression in March and April.
On the positive side, the chart above shows the percentage of employed workers who become permanently unemployed in the following month has decreased sharply. It’s not as high as it was after the past 2 recessions. This is in line with the data on the percentage of unemployed people for various lengths. A very low percentage have been unemployed for 5 weeks or less. That means most of the new permanent layoffs are coming from the temporarily unemployed workers and that there haven’t been many new job losses in the past few weeks. We’re dealing with the consequences of the spring and little else.
On the negative side, the chart below shows the percentage of temporarily unemployed workers who became permanently unemployed in the next month is increasing. This is the race we have discussed. The longer it takes the economy to normalize, the more likely the temporary job losses will become permanent. The chart will look a lot better if Abbott’s new test eliminates the spread of the virus this fall.
Conclusion
People are getting more comfortable with going on vacation, but employers aren’t fully on board with bringing workers back to the office. Job openings increased in July. There aren’t many new job losses nor are there many new permanent job losses from previously employed people. On the negative side, temporary layoffs are increasingly becoming permanent which means the economy needs to get back to normal quickly to avoid deep long term damage.


investmentwatchblog--2020-09-11--Mish Shedlock: The Recovery is Led by Part-Time, Not Full-Time Employment

Full-time employment is up more in raw numbers but lags on a percentage basis .

via mishtalk:
Since the April bottom, part-time employment has regained a much greater share of employees who were laid off.
Employment Recovery We are primarily funded by readers. Please subscribe and donate to support us! Part-Time Employment Recovery Full-Time Employment Recovery Full-time employment is up more in raw numbers but lags on a percentage basis.


investmentwatchblog--2020-09-11--Short seller Hindenburg Research published report accusing Nikola of being an “intricate fraud”

“ Short seller Hindenburg Research published a report on electric truck maker Nikola Inc. on Thursday , accusing it of @ @ @ @ @ ” built on lies told by its Founder and Executive Chairman Trevor Milton over many @ @ @ @ @ 3.7 % on the news .
“ We have gathered extensive evidence-including recorded phone calls @ @ @ @ @ emails and behind-the-scenes photographs-detailing dozens of false statements by Nikola Founder Trevor Milton , ” @ @ @ @ @ We have never seen this level of deception at a public company , especially of @ @ @ @ @ misled partners by making false claims about the company ’ s technology , including its @ @ @ @ @ which Hindenburg says never existed .
The company is now planning to use General Motors @ @ @ @ @ a deal with GM this week , under which it will issue $ 2 billion @ @ @ @ @ .
Nikola did not immediately respond to a MarketWatch email and telephone request for comment @ @

“Short seller Hindenburg Research published a report on electric truck maker Nikola Inc. on Thursday, accusing it of being an “intricate fraud” built on lies told by its Founder and Executive Chairman Trevor Milton over many years. Nikola shares fell 3.7% on the news. “We have gathered extensive evidence-including recorded phone calls, text messages, private emails and behind-the-scenes photographs-detailing dozens of false statements by Nikola Founder Trevor Milton,” said the report. “We have never seen this level of deception at a public company, especially of this size.” Nikola has misled partners by making false claims about the company’s technology, including its hydrogen fuel cell batteries, which Hindenburg says never existed. The company is now planning to use General Motors Co. battery technology after signing a deal with GM this week, under which it will issue $2 billion of new shares to GM. Nikola did not immediately respond to a MarketWatch email and telephone request for comment.”
Source


investmentwatchblog--2020-09-11--Fed Is All In! But Why Is The Fed Buying/Holding AAPL And MSFT Corporate Debt With Soaring FANG Inde

Fed Is All In! But Why Is The Fed Buying/Holding AAPL And MSFT Corporate Debt With Soaring FANG Index? (FX Swaps Holdings Reclining)

The Federal Reserve has announced a raft of emergency lending programs , with approval from the Treasury Department , to help the U.S. economy weather the devastating impact of the coronavirus pandemic .
These could ultimately deploy trillions of dollars in lending .
The programs seek to keep financial markets functioning and , in unprecedented steps , provide direct loans to businesses , states and local governments .
Here ’ s a round-up of the nine programs — five of which are now up and running — with details on their current status .
Lending totals are as of May @ @ @ @ @ @ @ : Commercial Paper Funding Facility ( CPFF ) Announced : March 17 Launched : April 14 Treasury backstop : $ 10 billion Program limit : none Deployed : $ 4.29 billion Purchases short-term company IOUs directly from U.S. corporate and municipal issuers .
Eligible securities about $ 1.1 trillion .
Demand has been low as the Fed ’ s mere pledge to backstop the market drew normal lenders back in .
Primary Dealer Credit Facility ( PDCF ) Announced : March 17 Launched : March 20 Treasury backstop : none Program limit : @ @ @ @ @ @ @ a wide range of securities — with an agreement to sell back at a future date — including investment-grade corporate debt , municipal debt , and mortgage- and asset-backed securities from primary dealers , which are the big banks and broker-dealers licensed to transact with the Fed .
Its lending peaked in mid April at around $ 33 billion , then faded as the short-term funding markets calmed .
Money Market Fund Liquidity Facility ( MMFLF ) Announced : March 18 Launched : March 23 Treasury backstop : $ 10 billion Program limit @ @ @ @ @ @ @ Finances the purchase of high-quality assets from U.S. money market mutual funds , including government debt , commercial paper and municipal debt .
Eligible securities estimated at $ 600 billion to $ 700 billion , according to Fed officials .
Lending peaked in early April at around $ 53 billion as withdrawals from prime money funds halted and then reversed .
Primary Market Corporate Credit Facility ( PMCCF ) Announced : March 23 Not yet operational Treasury backstop : $ 50 billion Program limit : $ 500 billion Will buy investment-grade corporate debt @ @ @ @ @ @ @ from U.S. issuers , and debt from some issuers downgraded after March 22 .
Secondary Market Corporate Credit Facility ( SMCCF ) Announced : March 23 Launched : May 12 Treasury backstop : $ 25 billion Program limit : $ 250 billion Deployed : $ 305 million Purchase investment-grade corporate debt from U.S. issuers with maturities up to five years in the secondary market , debt from some issuers downgraded after March 22 and some ETFs that buy corporate debt .
The New York Fed began ETF purchases on May 12 .
The @ @ @ @ @ @ @ corporate bonds in the near future .
Term Asset-Backed Securities Loan Facility ( TALF ) Announced : March 23 Not yet operational Treasury backstop : $ 10 billion Program limit : $ 100 billion Will purchase securities backed by credits to consumers and small businesses , including credit-card receivables , student loans , auto loans and leases , equipment loans and some small business loans .
Paycheck Protection Program Liquidity Facility ( PPPLF ) Announced : April 6 Launched : April 16 Treasury backstop : none Program limit : none Deployed : $ @ @ @ @ @ @ @ that qualify for the Treasury ’ s Paycheck Protection Program .
Congress appropriated a total of $ 669 billion for the loans , which can turn into grants if companies retain or hire back workers .
Municipal Liquidity Facility ( MLF ) Announced : April 9 Not yet operational Treasury backstop : $ 35 billion Program limit : $ 500 billion Will purchase municipal debt maturing in less than 36 months directly from states , counties and cities .
After initial criticism , the Fed lowered the population thresholds for eligible counties and @ @ @ @ @ @ @ .
Issuers must have held an investment-grade rating as of April 8 .
Main Street Lending Program Announced : April 9 Not yet operational Treasury backstop : $ 75 billion Program limit : $ 600 billion Will finance full recourse bank lending to U.S. companies with fewer than 15,000 employees or less than $ 5 billion in annual revenue .
The four-year loans will be extended through three distinct facilities : one for new loans , another for increasing existing debt and a third for more heavily leveraged borrowers .
New Loan Facility @ @ @ @ @ @ @ million or four times 2019 adjusted EBITDA .
Lenders retain a 5 % stake in each loan .
Minimum loan size is $ 500,000 .
Expanded Loan Facility : Maximum loan size $ 200 million , 35 % of a borrower ’ s outstanding debt or six times 2019 adjusted EBITDA .
Lenders retain a 5 % stake .
Minimum loan size is $ 10 million .
Priority Loan Facility : Maximum loan size of $ 25 million or six times 2019 adjusted EBITDA .
Lenders retain 15 % stake .
Minimum loan @ @ @ @ @ @ @ the explosion of FANG ( tech ) stocks since the March Covid meltdown , why is The Fed holding corporate bonds of firms like AAPL and MSFT ?
The holding of corporate bonds ( corporate credit facilities ) grew even after the FANG index was rising rapidly .
At least The Fed ’ s holdings of FX Swaps has been downsizing since June .
And how about the fact that The Fed Has Loaned $ 1.2 Billion from its TALF Bailout Program to a Tiny Company with Four Employees .
Alta Fundamental Advisers @

by confoundedinterest17
The Federal Reserve has announced a raft of emergency lending programs, with approval from the Treasury Department, to help the U.S. economy weather the devastating impact of the coronavirus pandemic. These could ultimately deploy trillions of dollars in lending.
The programs seek to keep financial markets functioning and, in unprecedented steps, provide direct loans to businesses, states and local governments.
Here’s a round-up of the nine programs — five of which are now up and running — with details on their current status. Lending totals are as of May 13 and will be updated every Thursday:
Commercial Paper Funding Facility (CPFF)
Announced: March 17
Launched: April 14
Treasury backstop: $10 billion
Program limit: none
Deployed: $4.29 billion
Purchases short-term company IOUs directly from U.S. corporate and municipal issuers. Eligible securities about $1.1 trillion. Demand has been low as the Fed’s mere pledge to backstop the market drew normal lenders back in.
Primary Dealer Credit Facility (PDCF)
Announced: March 17
Launched: March 20
Treasury backstop: none
Program limit: none
Deployed: $10.3 billion
Buys a wide range of securities — with an agreement to sell back at a future date — including investment-grade corporate debt, municipal debt, and mortgage- and asset-backed securities from primary dealers, which are the big banks and broker-dealers licensed to transact with the Fed. Its lending peaked in mid April at around $33 billion, then faded as the short-term funding markets calmed.
Money Market Fund Liquidity Facility (MMFLF)
Announced: March 18
Launched: March 23
Treasury backstop: $10 billion
Program limit: none
Deployed: $39.8 billion
Finances the purchase of high-quality assets from U.S. money market mutual funds, including government debt, commercial paper and municipal debt. Eligible securities estimated at $600 billion to $700 billion, according to Fed officials. Lending peaked in early April at around $53 billion as withdrawals from prime money funds halted and then reversed.
Primary Market Corporate Credit Facility (PMCCF)
Announced: March 23
Not yet operational
Treasury backstop: $50 billion
Program limit: $500 billion
Will buy investment-grade corporate debt with maturities up to four years directly from U.S. issuers, and debt from some issuers downgraded after March 22.
Secondary Market Corporate Credit Facility (SMCCF)
Announced: March 23
Launched: May 12
Treasury backstop: $25 billion
Program limit: $250 billion
Deployed: $305 million
Purchase investment-grade corporate debt from U.S. issuers with maturities up to five years in the secondary market, debt from some issuers downgraded after March 22 and some ETFs that buy corporate debt. The New York Fed began ETF purchases on May 12. The SMCCF is expected to begin purchasing eligible corporate bonds in the near future.
We are primarily funded by readers. Please subscribe and donate to support us!
Term Asset-Backed Securities Loan Facility (TALF)
Announced: March 23
Not yet operational
Treasury backstop: $10 billion
Program limit: $100 billion
Will purchase securities backed by credits to consumers and small businesses, including credit-card receivables, student loans, auto loans and leases, equipment loans and some small business loans.
Paycheck Protection Program Liquidity Facility (PPPLF)
Announced: April 6
Launched: April 16
Treasury backstop: none
Program limit: none
Deployed: $40.6 billion
Finances lending to small businesses that qualify for the Treasury’s Paycheck Protection Program. Congress appropriated a total of $669 billion for the loans, which can turn into grants if companies retain or hire back workers.
Municipal Liquidity Facility (MLF)
Announced: April 9
Not yet operational
Treasury backstop: $35 billion
Program limit: $500 billion
Will purchase municipal debt maturing in less than 36 months directly from states, counties and cities. After initial criticism, the Fed lowered the population thresholds for eligible counties and cities to 500,000 and 250,000, respectively. Issuers must have held an investment-grade rating as of April 8.
Main Street Lending Program
Announced: April 9
Not yet operational
Treasury backstop: $75 billion
Program limit: $600 billion
Will finance full recourse bank lending to U.S. companies with fewer than 15,000 employees or less than $5 billion in annual revenue. The four-year loans will be extended through three distinct facilities: one for new loans, another for increasing existing debt and a third for more heavily leveraged borrowers.
New Loan Facility: Maximum loan size of $25 million or four times 2019 adjusted EBITDA. Lenders retain a 5% stake in each loan. Minimum loan size is $500,000.
Expanded Loan Facility: Maximum loan size $200 million, 35% of a borrower’s outstanding debt or six times 2019 adjusted EBITDA. Lenders retain a 5% stake. Minimum loan size is $10 million.
Priority Loan Facility: Maximum loan size of $25 million or six times 2019 adjusted EBITDA. Lenders retain 15% stake. Minimum loan size is $500,000.
But with the explosion of FANG (tech) stocks since the March Covid meltdown, why is The Fed holding corporate bonds of firms like AAPL and MSFT?
The holding of corporate bonds (corporate credit facilities) grew even after the FANG index was rising rapidly.
At least The Fed’s holdings of FX Swaps has been downsizing since June.
And how about the fact that The Fed Has Loaned $1.2 Billion from its TALF Bailout Program to a Tiny Company with Four Employees. Alta Fundamental Advisers.
Jerome Powell, The Wild One!


investmentwatchblog--2020-09-11--Jim Willie: Trump Holding Fauci Captive To Charge Him With Sedition Or Treason

The economic sabotage is falling apart .
The bad guys are backtracking , engaged in major damage control , and high-level players are trying to save their necks right now… Jim Willie joined Silver Doctors on Thursday , September 10 , 2020 , for a robust discussion on the latest actions taken by the good guys and Team Trump to thwart the bad guys ’ sabotage of the US economy and bring the traitors to justice .
Some of the topics in today ’ s discussion include – There is a sabotage of the US economy currently underway , and @ @ @ @ @ @ @ ?
Fauci has been taken captive by the good guys on Team Trump , is being held until justice can be served , and the Fauci we see on the television today is actually a body-double or clone ?
For discussion on all of those topics and a whole lot more , tune-in to this interview in its entirety !
We appreciate your readership , viewership and listenership in tuning-in to Part I of this important Jim Willie interview .
In Part II , Jim and Half Dollar continue their deep dive into @ @ @ @ @ @ @ Silver markets , including Jim ’ s latest forecast , and we also dive into problems on Main Street , corruption on Wall Street , and a more !
Part II will be released sometime between Friday evening and Sunday evening , so be sure to subscribe to our YouTube channel and click to bell notification icon to be notified when that video drops !
And don ’ t forget to help us out in the fight for sound money , so if you found this content helpful , useful , informative , @ @ @ @ @ @ @ any way , or whatever , then go ahead and smash that thumbs-up button and share this video with as many people as possible .

The economic sabotage is falling apart. The bad guys are backtracking, engaged in major damage control, and high-level players are trying to save their necks right now…
Jim Willie joined Silver Doctors on Thursday, September 10, 2020, for a robust discussion on the latest actions taken by the good guys and Team Trump to thwart the bad guys’ sabotage of the US economy and bring the traitors to justice.
Some of the topics in today’s discussion include –
There is a sabotage of the US economy currently underway, and one of the key players is Fauci?
Fauci has been taken captive by the good guys on Team Trump, is being held until justice can be served, and the Fauci we see on the television today is actually a body-double or clone?
For discussion on all of those topics and a whole lot more, tune-in to this interview in its entirety!
We are primarily funded by readers. Please subscribe and donate to support us!
We appreciate your readership, viewership and listenership in tuning-in to Part I of this important Jim Willie interview.
In Part II, Jim and Half Dollar continue their deep dive into the latest happenings in the Gold & Silver markets, including Jim’s latest forecast, and we also dive into problems on Main Street, corruption on Wall Street, and a more!
Part II will be released sometime between Friday evening and Sunday evening, so be sure to subscribe to our YouTube channel and click to bell notification icon to be notified when that video drops!
And don’t forget to help us out in the fight for sound money, so if you found this content helpful, useful, informative, entertaining, educational, or beneficial in any way, or whatever, then go ahead and smash that thumbs-up button and share this video with as many people as possible.
Thanks!


investmentwatchblog--2020-09-11--ECB Holds Rates Steady & US Crackdown on Chinese Students

Despite a recent rally in the Euro , the European Central Bank has decided to hold rates steady amid the @ @ @ @ @ as the race for the coronavirus vaccine heats up , the massive effort of distribution @ @ @ @ @ Plus , the US is turning its focus on Chinese students as tensions between China @ @ @ @ @ to rise .

Despite a recent rally in the Euro, the European Central Bank has decided to hold rates steady amid the COVID-19 fallout. Meanwhile, as the race for the coronavirus vaccine heats up, the massive effort of distribution has come into focus. Plus, the US is turning its focus on Chinese students as tensions between China and the United States continues to rise.
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investmentwatchblog--2020-09-11--Journalist Andy Ngo, son of Vietnamese immigrants who escaped Communism, Speaks to Congress About An

Journalist Andy Ngo, son of Vietnamese immigrants who escaped Communism, Speaks to Congress About Antifa and violent protests…

On 4 August 2020 , Andy Ngo gave testimony to congress at the senate hearing about antifa and violent protests @

On 4 August 2020, Andy Ngo gave testimony to congress at the senate hearing about antifa and violent protests.
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investmentwatchblog--2020-09-11--Eric Early: ‘Common sense Americans know a fraud like Schiff when they see one’

Eric Early , the challenger to Rep. Adam Schiff in California ’ s 28th District , spoke to OAN ’ @ @ @ @ @ possibility of mail-in voter fraud as well as Schiff ’ s continued attacks on Attorney @ @ @

Eric Early, the challenger to Rep. Adam Schiff in California’s 28th District, spoke to OAN’s Patrick Hussion about the possibility of mail-in voter fraud as well as Schiff’s continued attacks on Attorney General William Barr
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KRUISER: Clinically Deranged Adam Schiff Mounts His Dead Russia Horse Again.