investmentwatchblog--2020-07-31--“We Are In The Golden Age Of Fraud”

“We Are In The Golden Age Of Fraud”

“ Elon Musk has personified the hopes and dreams of this bull market ; Tesla burnishes its results through aggressive accounting ; it ’ s a culture of deception because it is selling self-driving , which doesn ’ t yet exist.
” – Jim Chanos from “ We Are In The Golden Age Of Fraud ” ( Financial Times ) Jim Chanos is perhaps the most well-known remaining short-seller in this market .
Don ’ t be fooled by his demure characterization of Elon Musk and Tesla .
It ’ s calculated diplomacy .
The numbers are far more than @ @ @ @ @ @ @ the accounting is not just “ aggressive , ” it ’ s fraudulent , and Chanos knows that as well as anyone .
Chanos describes the current environment as “ a really fertile field for people to play fast and loose with the truth , and for corporate wrongdoers to get away with it for a long time ” .
He reels off why : a 10-year bull market driven by central bank intervention ; a level of retail participation in the markets reminiscent of the end of the dotcom boom ; Trumpian @ @ @ @ @ @ @ facts are your fake news ” ; and Silicon Valley ’ s “ fake it until you make it ” culture , which is compounded by Fomo — the fear of missing out .
All of this is exacerbated by lax oversight .
Financial regulators and law enforcement , he says , “ are the financial archaeologists — they will tell you after the company has collapsed what the problem was.
” ( Financial Times ) I have said many times that Tesla and Elon Musk embody and reflect the extreme degree to @ @ @ @ @ @ @ downward into what is now a complete Banana Republic controlled by crony-capitalist elitists who are putting the screws to the middle class .
The money printed by the Fed is nothing more than the thinly veiled bailout of the biggest banks – nothing more – effecting the greatest wealth transfer in history .
The fraud and corruption are blatant .
And there ’ s nothing the masses can do about it at this point .
The U.S. economic , financial , political and legal system is now amalgam of “ 1984 ” and @ @ @ @ @ @ @ fait accompli .
Chanos himself burnishes the adjectives he uses to convey the degree to which the U.S. system has been engulfed in fraud , corruption and open theft .
In my opinion , Francisco D ’ Anconia in “ Atlas Shrugged ” describes the U.S. perfectly in this excerpt from the famous “ Money Speech : ” Watch money .
Money is the barometer of a society ’ s virtue .
When you see that trading is done , not by consent , but by compulsion–when you see that in order to @ @ @ @ @ @ @ from men who produce nothing–when you see that money is flowing to those who deal , not in goods , but in favors–when you see that men get richer by graft and by pull than by work , and your laws don ’ t protect you against them , but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed .
Editor ’ s Note : Silver Doctors caught up with Dave Kranzler on Tuesday of this week : Many things were @ @ @ @ @ @

by Dave Kranzler of Investment Research Dynamics
“Elon Musk has personified the hopes and dreams of this bull market; Tesla burnishes its results through aggressive accounting; it’s a culture of deception because it is selling self-driving, which doesn’t yet exist.” – Jim Chanos from “We Are In The Golden Age Of Fraud” (Financial Times)
Jim Chanos is perhaps the most well-known remaining short-seller in this market. Don’t be fooled by his demure characterization of Elon Musk and Tesla. It’s calculated diplomacy. The numbers are far more than just polished up to look good – the accounting is not just “aggressive,” it’s fraudulent, and Chanos knows that as well as anyone.
Chanos describes the current environment as “a really fertile field for people to play fast and loose with the truth, and for corporate wrongdoers to get away with it for a long time”. He reels off why: a 10-year bull market driven by central bank intervention; a level of retail participation in the markets reminiscent of the end of the dotcom boom; Trumpian “post-truth in politics, where my facts are your fake news”; and Silicon Valley’s “fake it until you make it” culture, which is compounded by Fomo — the fear of missing out. All of this is exacerbated by lax oversight. Financial regulators and law enforcement, he says, “are the financial archaeologists — they will tell you after the company has collapsed what the problem was.” (Financial Times)
I have said many times that Tesla and Elon Musk embody and reflect the extreme degree to which the U.S. system has defined deviance downward into what is now a complete Banana Republic controlled by crony-capitalist elitists who are putting the screws to the middle class. The money printed by the Fed is nothing more than the thinly veiled bailout of the biggest banks – nothing more – effecting the greatest wealth transfer in history.
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The fraud and corruption are blatant. And there’s nothing the masses can do about it at this point. The U.S. economic, financial, political and legal system is now amalgam of “1984” and “Atlas Shrugged.” Eventual collapse is fait accompli.
Chanos himself burnishes the adjectives he uses to convey the degree to which the U.S. system has been engulfed in fraud, corruption and open theft. In my opinion, Francisco D’Anconia in “Atlas Shrugged” describes the U.S. perfectly in this excerpt from the famous “Money Speech:”
Watch money. Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion–when you see that in order to produce, you need to obtain permission from men who produce nothing–when you see that money is flowing to those who deal, not in goods, but in favors–when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed.
*****
Editor’s Note: Silver Doctors caught up with Dave Kranzler on Tuesday of this week:
Views: Views:
Many things were discussed in that robust interview!


investmentwatchblog--2020-07-31--Martin Armstrong: Recession Part II Is About To Begin

As we head into the fall of 2020 , the damage from this coronavirus lockdown will begin to make its full impact felt .
While about 25 million unemployed receive $ 600 a week , there remain arguments to reduce that to $ 200 .
Meanwhile , the real impact will be witnessed as the eviction moratorium , which lasted for nearly four months , ends as it will raise the risk of many being put out on the street .
Over 12 million renters are already behind on rent payments thanks to these lockdowns .
The small businesses that @ @ @ @ @ @ @ cloud over commercial real estate .
Virtually every small shopping strip even in Florida has signs out for rent .
The total official unemployment figure for the US stands at more than 31 million who have collected unemployment benefits of some form .
However , our model shows the real number is closer to 40 million given all the part-time people who were not entitled to unemployment .
At the start of the year , the total civil workforce was about 164,606,000 .
The official unemployment rate is about 19 % , but @ @ @ @ @ @ @ the same levels of the Great Depression .
Small business always suffers the most during such declines disproportionately .
This will impact future economic growth .

by Martin Armstrong
As we head into the fall of 2020, the damage from this coronavirus lockdown will begin to make its full impact felt. While about 25 million unemployed receive $600 a week, there remain arguments to reduce that to $200. Meanwhile, the real impact will be witnessed as the eviction moratorium, which lasted for nearly four months, ends as it will raise the risk of many being put out on the street. Over 12 million renters are already behind on rent payments thanks to these lockdowns. The small businesses that are in trouble cast a very dark cloud over commercial real estate. Virtually every small shopping strip even in Florida has signs out for rent.
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The total official unemployment figure for the US stands at more than 31 million who have collected unemployment benefits of some form. However, our model shows the real number is closer to 40 million given all the part-time people who were not entitled to unemployment. At the start of the year, the total civil workforce was about 164,606,000. The official unemployment rate is about 19%, but counting the full scope we have reached the same levels of the Great Depression. Small business always suffers the most during such declines disproportionately. This will impact future economic growth.


investmentwatchblog--2020-07-31--VERY BEARISH SIGNS MOUNT: Gold Has Not Invalidated Its Breakdown, BIG SELL-OFF LIKELY

A move to about $ 1700 or lower is likely in the cards… Yesterday ’ s session was indeed volatile around the FOMC , just like we warned , and gold even moved to its previous high , likely forming a double-top pattern .
Even though gold moved higher on an intraday basis , it didn ’ t invalidate its previous breakdown , which was a bearish sign .
Gold was likely to decline , and it is declining so far in today ’ s pre-market trading .
The above chart shows just how precisely yesterday ’ s upswing ended @ @ @ @ @ @ @ it ( most likely finally ) as resistance .
The implications are bearish .
The next short-term support is at about $ 1,850 , but we don ’ t think that the decline will completely stop there .
Instead , after a pause or corrective upswing , a move to about $ 1,700 – or even lower is likely in the cards .
Naturally , this is based on the information that we have available at the moment of writing these words , and the outlook could change in the future .
Why @ @ @ @ @ @ @ markets , including silver and – perhaps most importantly at this time – the USD Index .
Just like gold , silver moved back to its previous support line and verified it as resistance .
It seems that both markets are waiting for USD ’ s rally ( which is likely to arrive shortly ) to plunge .
And what did the USD Index do recently ?
While gold didn ’ t move back above its rising support / resistance line , let alone the previous high , the USD Index did move @ @ @ @ @ @ @ that after a powerful short-term rally , gold is refusing to react to additional bullish indications .
This is a strongly bearish sign .
Naturally , gold ’ s verification of its breakdown is bearish as well .
The USD Index itself is also very important , because while the move to new lows is not encouraging , it ’ s worth keeping in mind that the early March bottom was actually a series of tiny bottoms , when the initial bottom was broken by just a little right before the USD soared @ @ @ @ @ @ @ ’ s bearish momentum might be the thing that one should focus on at the current juncture , and view the breakdown as bearish only if it is confirmed .
At the moment of writing these words , the USD Index is already back above its Monday ’ s intraday low .
At the same time , the USD Index is attempting to move back above its declining short-term resistance line .
It seems that this attempt might finally succeed .
Let ’ s keep in mind that breaking above the analogous line @ @ @ @ @ @ @ USD ’ s powerful upswing .
Zooming out shows that there ’ s a very good reason for the USD Index to rally here .
The USD Index just moved to the early-2018 lows , which were also the mid-2015 and 2016 lows ( approximately ) .
Additionally , the USDX moved to the rising long-term support line based on the 2011 and 2014 bottoms .
And it all happened relatively shortly after the USDX moved below two important Fibonacci retracement levels : 61.8 % retracement based on the 2018 – 2020 rally @ @ @ @ @ @ @ on the 2014 – 2020 rally .
All the above-mentioned factors suggest that the USD Index is going to rally in the very near future .
Gold has been magnifying USD ’ s tiny shows of strength , which suggests that any really visible rally in the USDX is likely to trigger a big sell-off in gold .
And a big sell-off in gold is likely to translate into an even bigger plunge in the gold stocks .
During Monday ’ s session , miners reversed on big volume and it happened almost @ @ @ @ @ @ @ stocks then continued to decline on volume that was not minor .
So far , the decline was relatively calm , but let ’ s keep in mind that the same was the case during the first three trading days of both early-2020 declines .
The GDX ETF declined rather insignificantly in late February , and the same was the case in the early March .
The important detail is that while gold moved to the precious high during yesterday ’ s session , gold miners didn ’ t .
Their underperformance relative @ @ @ @ @ @ @ 70 , and the recent reversal make the outlook very bearish for gold and silver mining stocks .
Summing up , it seems that gold has formed a double-top pattern , just as the USD Index seems to have finally bottomed .
Gold and silver have both reacted very strongly to the USDX developments , which has very bearish implications for the following days .
The verifications of the very short-term breakdowns in gold and silver serve as bearish confirmations .
The miners have reversed this week on strong volume and practically right @ @ @ @ @ @ @ all happened after they had flashed the extremely overbought signal through the Gold Miners Bullish Percent Index .
The implications are very bearish for the next several days – weeks .
The big move in gold is just around the corner and the next several days could be critical .
If you ’ re interested in the precious metals market or are considering trading or investing in it , you ’ d likely appreciate our additional comments and daily premium analyses .
We invite you to subscribe and stay updated right away .

A move to about $1700 or lower is likely in the cards…
by Przemyslaw Radomski via Sunshine Profits
Yesterday’s session was indeed volatile around the FOMC, just like we warned, and gold even moved to its previous high, likely forming a double-top pattern. Even though gold moved higher on an intraday basis, it didn’t invalidate its previous breakdown, which was a bearish sign. Gold was likely to decline, and it is declining so far in today’s pre-market trading.
The above chart shows just how precisely yesterday’s upswing ended at the previous support line, verifying it (most likely finally) as resistance. The implications are bearish.
The next short-term support is at about $1,850, but we don’t think that the decline will completely stop there. Instead, after a pause or corrective upswing, a move to about $1,700 – or even lower is likely in the cards. Naturally, this is based on the information that we have available at the moment of writing these words, and the outlook could change in the future.
Why? Because of the confirmations from other markets, including silver and – perhaps most importantly at this time – the USD Index.
Just like gold, silver moved back to its previous support line and verified it as resistance. It seems that both markets are waiting for USD’s rally (which is likely to arrive shortly) to plunge.
And what did the USD Index do recently?
While gold didn’t move back above its rising support / resistance line, let alone the previous high, the USD Index did move below its previous low.
This means that after a powerful short-term rally, gold is refusing to react to additional bullish indications. This is a strongly bearish sign. Naturally, gold’s verification of its breakdown is bearish as well.
The USD Index itself is also very important, because while the move to new lows is not encouraging, it’s worth keeping in mind that the early March bottom was actually a series of tiny bottoms, when the initial bottom was broken by just a little right before the USD soared.
Consequently, the loss of USD’s bearish momentum might be the thing that one should focus on at the current juncture, and view the breakdown as bearish only if it is confirmed. At the moment of writing these words, the USD Index is already back above its Monday’s intraday low.
At the same time, the USD Index is attempting to move back above its declining short-term resistance line. It seems that this attempt might finally succeed. Let’s keep in mind that breaking above the analogous line in early March was the start of USD’s powerful upswing.
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Zooming out shows that there’s a very good reason for the USD Index to rally here.
The USD Index just moved to the early-2018 lows, which were also the mid-2015 and 2016 lows (approximately). Additionally, the USDX moved to the rising long-term support line based on the 2011 and 2014 bottoms. And it all happened relatively shortly after the USDX moved below two important Fibonacci retracement levels: 61.8% retracement based on the 2018 – 2020 rally, and the 38.2% retracement based on the 2014 – 2020 rally.
All the above-mentioned factors suggest that the USD Index is going to rally in the very near future. Gold has been magnifying USD’s tiny shows of strength, which suggests that any really visible rally in the USDX is likely to trigger a big sell-off in gold.
And a big sell-off in gold is likely to translate into an even bigger plunge in the gold stocks.
During Monday’s session, miners reversed on big volume and it happened almost right at the vertex-based reversal. Gold stocks then continued to decline on volume that was not minor.
So far, the decline was relatively calm, but let’s keep in mind that the same was the case during the first three trading days of both early-2020 declines. The GDX ETF declined rather insignificantly in late February, and the same was the case in the early March.
The important detail is that while gold moved to the precious high during yesterday’s session, gold miners didn’t. Their underperformance relative to gold along with the RSI above 70, and the recent reversal make the outlook very bearish for gold and silver mining stocks.
Summing up, it seems that gold has formed a double-top pattern, just as the USD Index seems to have finally bottomed. Gold and silver have both reacted very strongly to the USDX developments, which has very bearish implications for the following days. The verifications of the very short-term breakdowns in gold and silver serve as bearish confirmations.
The miners have reversed this week on strong volume and practically right at the vertex-based reversal, and it all happened after they had flashed the extremely overbought signal through the Gold Miners Bullish Percent Index.
The implications are very bearish for the next several days – weeks.
The big move in gold is just around the corner and the next several days could be critical. If you’re interested in the precious metals market or are considering trading or investing in it, you’d likely appreciate our additional comments and daily premium analyses. We invite you to subscribe and stay updated right away.
Sincerely,
Przemyslaw Radomski, CFA
Editor-in-chief, Gold & Silver Fund Manager


investmentwatchblog--2020-07-31--How Black Lives Matter is being funded

How Black Lives Matter is being funded

Bill O ’ Reilly explains the George Soros ’ connection to Black Lives Matter , as well as the organization @ @ @ @ @ .

Bill O’Reilly explains the George Soros’ connection to Black Lives Matter, as well as the organization’s shady fundraising practices.
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investmentwatchblog--2020-07-31--The EUROPEAN UNION Continues to CRUMBLE as ITALEXIT Officially BEGINS!

I hope Greece is next , they also suffered a lot from these disgusting globalist .

I hope Greece is next, they also suffered a lot from these disgusting globalist.
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investmentwatchblog--2020-07-31--Armstrong: ‘The ultimate end result will be the break-up of the United States’

The impact of Coronavirus is far worse than most can imagine .
GDP dropped 32 % during the 2nd-quarter which is a new historical record surpassing every recession and the Great Depression of both the 19th and 20th centuries .
The epidemiologists can not be this stupid .
The people who have died because of a lack of healthcare during this trumped-up pandemic is serious .
Many have been denied healthcare and others have been afraid to even go to the hospital .
I myself went to the ER and ended up in a COVID wing for two days and @ @ @ @ @ @ @ out .
Everything has become COVID .
In Florida , a young man killed in a motorcycle accident ended up on the death list of COVID .
The numbers are being manipulated and the fraud is massive .
As wave two appears with the next flu season , the media has beaten this into such an insane pandemic you would think it was the Black Plague with a 50 % mortality rate .
The last half of 2020 will get worse .
They are using this for political objectives .
Any doctor who @ @ @ @ @ @ @ and then they roll out a fake study to claim they are wrong .
When I was called in as an “ expert ” to be exploited to create the G5 back in 1985 , I saw this was all a joke and so I wrote to President Regan .
I was told that I would never be called again because I went out of the committee .
I was told to be a good boy , produce studies they tell you the conclusion , and I would make a few million a @ @ @ @ @ @ @ to find a real one is next to impossible .
They all have been paid for to achieve a political objective .
We have consumer confidence in crash mode , GDP in crash mode , and these people think they will be able to put it all back together by just defeating Trump .
There is no going back .
The country has been irrevocably divided and the ultimate end result will be the break-up of the United States .
The left seeks to impose their will and subjugate everyone to their demands @ @ @ @ @ @ @ freedom , the pursuit of happiness , and certainly not any democratic process .
It is their way or no way !

by Martin Armstrong
The impact of Coronavirus is far worse than most can imagine. GDP dropped 32% during the 2nd-quarter which is a new historical record surpassing every recession and the Great Depression of both the 19th and 20th centuries. The epidemiologists cannot be this stupid. The people who have died because of a lack of healthcare during this trumped-up pandemic is serious. Many have been denied healthcare and others have been afraid to even go to the hospital. I myself went to the ER and ended up in a COVID wing for two days and it took two negative tests to get out. Everything has become COVID. In Florida, a young man killed in a motorcycle accident ended up on the death list of COVID. The numbers are being manipulated and the fraud is massive.
We are primarily funded by readers. Please subscribe and donate to support us!
As wave two appears with the next flu season, the media has beaten this into such an insane pandemic you would think it was the Black Plague with a 50% mortality rate. The last half of 2020 will get worse. They are using this for political objectives. Any doctor who stands up against this manipulation is attacked and then they roll out a fake study to claim they are wrong. When I was called in as an “expert” to be exploited to create the G5 back in 1985, I saw this was all a joke and so I wrote to President Regan. I was told that I would never be called again because I went out of the committee. I was told to be a good boy, produce studies they tell you the conclusion, and I would make a few million a year. Studies are worthless! Try to find a real one is next to impossible. They all have been paid for to achieve a political objective.
We have consumer confidence in crash mode, GDP in crash mode, and these people think they will be able to put it all back together by just defeating Trump. There is no going back. The country has been irrevocably divided and the ultimate end result will be the break-up of the United States. The left seeks to impose their will and subjugate everyone to their demands. They do not believe in individual freedom, the pursuit of happiness, and certainly not any democratic process. It is their way or no way!


investmentwatchblog--2020-07-31--Mannarino: The bond market is flashing RED!

Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the @ @ @ @ @ that working on Wall Street was not like the movies , he moved on to @ @ @ @ @ practiced medicine as a Physician Assistant .
He also served in the United States Naval @ @ @ @ @ having attained the rank of Lieutenant .
He is an active trader of the capital @ @ @ @ @ books pertaining to finance , global economics , and equity trading .
Gregory currently hosts @ @ @ @ @ ” on YouTube .
You can find out more about what he offers at his @ @ @

TradersChoice.net, Released on 7/31/20
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Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieutenant. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading. Gregory currently hosts a business day “MarketReport” on YouTube. You can find out more about what he offers at his website Traderschoice.net.


investmentwatchblog--2020-07-31--CUTTING THE CORD: Comcast lost 477,000 cable-TV customers in Q2 amid 12% drop in revenue.

Comcast ’ s Q2 subscriber loss followed a Q1 loss of 409,000 TV customers , for a total of 886,000 video customers lost in the first six months of 2020 .
By contrast , Comcast lost 733,000 video customers in all of 2019 , an average of 183,000 per quarter .
While Comcast ’ s TV-customer losses accelerated this year , they ’ re still only about half as large as the customer losses reported by DirecTV owner AT & T .
Comcast is down to 20.4 million TV customers , which is higher than any other cable or satellite @ @ @ @ @ @ @ numbers have been declining industry-wide for several years as people switch to streaming services that generally have lower prices , fewer hidden fees , and less onerous contract terms or no contracts .
Live sports is the primary draw for many of the remaining cable customers , but there was less reason to pay cable companies for live sports when most major sports leagues were suspended .
The resumption of live sports , albeit under precarious circumstances , should help cable companies somewhat .
Company-wide , including NBCUniversal and other businesses , Comcast @ @ @ @ @ @ @ quarter , down 11.7 percent year over year .
Net income was $ 3.2 billion , down 12.2 percent .
NBCUniversal theme-park revenue suffered a dramatic decline for obvious reasons , dropping from $ 1.47 billion in Q2 2019 to $ 87 million in Q2 2020 .
Comcast ’ s cable-TV revenue in Q2 was $ 5.4 billion , down 3.2 percent year over year .
The drop “ reflect [ s ] a decrease in the number of residential video customers , partially offset by an increase in average rates , ” @ @ @ @ @ @ @ 5 billion , up 7.2 percent year over year , as Comcast added another 323,000 Internet subscribers in the quarter .
Comcast , the nation ’ s largest Internet provider , has 29.4 million broadband customers , of which 27.2 million are residential .
Broadband revenue “ reflect [ s ] an increase in the number of residential high-speed internet customers and an increase in average rates , ” Comcast said .
Comcast said its reported net gain of 323,000 broadband customers excludes over 600,000 “ high-risk ” and low-income customers receiving free @ @ @ @ @ @ @ ( including Internet , video , home phone , mobile service , and advertising ) was $ 14.4 billion , down just 0.2 percent year over year , and would have been higher if not for a 29.6-percent drop in advertising revenue and Comcast giving customers a few breaks on billing due to COVID-19 .
That included Comcast following the FCC ’ s “ Keep Americans Connected ” pledge by waiving late fees and not disconnecting customers who couldn ’ t pay because of the pandemic .

Comcast’s Q2 subscriber loss followed a Q1 loss of 409,000 TV customers, for a total of 886,000 video customers lost in the first six months of 2020. By contrast, Comcast lost 733,000 video customers in all of 2019, an average of 183,000 per quarter.
While Comcast’s TV-customer losses accelerated this year, they’re still only about half as large as the customer losses reported by DirecTV owner AT&T. Comcast is down to 20.4 million TV customers, which is higher than any other cable or satellite TV provider.
Cable and satellite-TV subscriber numbers have been declining industry-wide for several years as people switch to streaming services that generally have lower prices, fewer hidden fees, and less onerous contract terms or no contracts. Live sports is the primary draw for many of the remaining cable customers, but there was less reason to pay cable companies for live sports when most major sports leagues were suspended. The resumption of live sports, albeit under precarious circumstances, should help cable companies somewhat.
Revenue and income drop
Company-wide, including NBCUniversal and other businesses, Comcast revenue was $23.7 billion in the quarter, down 11.7 percent year over year. Net income was $3.2 billion, down 12.2 percent. NBCUniversal theme-park revenue suffered a dramatic decline for obvious reasons, dropping from $1.47 billion in Q2 2019 to $87 million in Q2 2020.
Comcast’s cable-TV revenue in Q2 was $5.4 billion, down 3.2 percent year over year. The drop “reflect[s] a decrease in the number of residential video customers, partially offset by an increase in average rates,” Comcast said.
Broadband revenue was $5 billion, up 7.2 percent year over year, as Comcast added another 323,000 Internet subscribers in the quarter. Comcast, the nation’s largest Internet provider, has 29.4 million broadband customers, of which 27.2 million are residential. Broadband revenue “reflect[s] an increase in the number of residential high-speed internet customers and an increase in average rates,” Comcast said.
Comcast said its reported net gain of 323,000 broadband customers excludes over 600,000 “high-risk” and low-income customers receiving free Internet Essentials service.
Overall cable-division revenue (including Internet, video, home phone, mobile service, and advertising) was $14.4 billion, down just 0.2 percent year over year, and would have been higher if not for a 29.6-percent drop in advertising revenue and Comcast giving customers a few breaks on billing due to COVID-19. That included Comcast following the FCC’s “Keep Americans Connected” pledge by waiving late fees and not disconnecting customers who couldn’t pay because of the pandemic.


investmentwatchblog--2020-07-31--Insulting? California lowering bar exam standards in order to pass more minority lawyers

The article in the LA Times states the California Supreme Court agreed to lower the passing score for the exam @ @ @ @ @ school deans who have long hoped the change would raise the number of Black and @ @ @ @ @ UCLA School of Law Dean Jennifer L. Mnookin , a longtime supporter of lowering the @ @ @ @ @ There is absolutely no evidence that shows having a higher score makes for better lawyers @ @ @ @ @ that it reduces the diversity of the bar.
” And of course : “ Whether @ @ @ @ @ has been a question for law journals over the years , and critics have written @ @ @ @ @ the real abilities required to be good lawyers.
” Read the whole article here .
@ @ @ @ @ they may base their decision on if the person is a member of the “ @ @ @ @ @ they may seek one through recommendations , legal expertise/area of practice and their “ win @ @ @ @ @ ’ s just my white-privileged opinion .

by DCG
A rather insulting headline:
By easing its bar exam score, will California produce more Black and Latino lawyers? t.co/sEUJ1zOuJV — Los Angeles Times (@latimes) July 26, 2020
The article in the LA Times states the California Supreme Court agreed to lower the passing score for the exam, a victory for law school deans who have long hoped the change would raise the number of Black and Latino people practicing law.
UCLA School of Law Dean Jennifer L. Mnookin, a longtime supporter of lowering the passing score said, “There is absolutely no evidence that shows having a higher score makes for better lawyers. There is significant evidence that it reduces the diversity of the bar.”
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And of course: “Whether the exam is culturally biased has been a question for law journals over the years, and critics have written that it fails to measure the real abilities required to be good lawyers.”
Read the whole article here.
When one seeks an attorney they may base their decision on if the person is a member of the “diversity” team. Or they may seek one through recommendations, legal expertise/area of practice and their “win” record. But that’s just my white-privileged opinion.
DCG


investmentwatchblog--2020-07-31--People, I REALLY need to say this: The world WILL be CONSIDERABLY different by this time 2021

There are posters here , coming and going , most with some form of an agenda , getting there but nobody really spells this out .
Is there an evil masterplan behind all this ?
I have no clue .
Is this aiming for totalitarian control and an evil NWO ?
Couldn ’ t care less .
Do I have a fancy Youtube -video for this ?
-NO .
The main point is this : The world will be literally FUBAR by this time in 2021 , could even be described as TEOTWAWKI – without meteors though .
Ok , @ @ @ @ @ @ @ either , they simply add to the confusion or they don ’ t .
1 .
The US economy slumped by a third in Q2 2020 .
A THIRD .
That means , if it continues like this ( which it will ) – ca .
100 million people will lose their livelihood , in the US alone .
No joke , no fearmongering , pure statistical fact .
2 .
The global airline industry employs roughly 65 million people .
That ’ s roughly the equivalent of the population of the UK @ @ @ @ @ @ @ of those people hvae families .
In total probably around 130 million people in the world , who get their main income ( or a very large part ) from airline industry .
Now , the industry is down by 80 % globally , meaning , another ca .
100 million people , will probably lose at least a majority of their income .
3 .
The global hotel industry , employs more than 200 million people .
That industry is also down , in some areas by half , in others up @ @ @ @ @ @ @ 100-200 million people who will need to find another job .
4 .
Most countries have not yet published their Q2 GDP figures , Germany has , they achieved “ only ” a 10 % drop .
Which is also the biggest dip in German history .
Many other countries will be hit harder , just like the US .
ABOVE ARE THE FACTS / BELOW WHAT IT MEANS : a .
We will end up having probably around 1 billion newly unemployed people on this planet by the beginning of next year @ @ @ @ @ @ @ The governments might setup a rescue fund for those – but it can work only temporarily .
You can not print money out of thin air forever .
Ask the government of Zimbabwe how it went .
Not to mention the 1 billion people who supposedly sit home and watch their monthly welfare roll in , what ’ s going to happen to them ?
Sheeple much ?
Laze much ?
Aggression starts to build up when there ’ s nothing to do , global unrest .
c. Some parts of the economy @ @ @ @ @ @ @ still employed people stay put , and just buy stuff online .
They start new hobbies they didn ’ t have the time for before .
Overall people commute and travel a lot less .
Sooner or later the people already have everything they can think of , they get bored , or they start losing their jobs .
Then the online consumption starts to go down .
d. The whole global economic system is already built on ridiculous piles of debt – which has been necessary to keep the system going , @ @ @ @ @ @ @ not grow anymore , but actually the opposite , those massive piles of debt will quite simply just overheat and explode like Tshernobyl .
When that happens , effectively EVERY FINANCIAL INSTITUTION , BANK , OR INSURANCE COMPANY ON EARTH WILL SIMPLY NOT EXIST ANYMORE .
Chain reaction , with multiple detonation points to get started .
It is a mathematical certainty .
Everything above is really based on facts , and the conclusions from the facts are also as above , with a very high certainty .
This really means , that @ @ @ @ @ @ @ more .
We ’ ve pushed it to the limit , all of us , and now something as small as a stupid virus is enough to push the entire global system over the edge .
How ridiculous is that ?
?
?
Just wanted to share this .
This does not go away .
We will not go back anymore .
Something completely new is upon us , and I ’ m afraid it will not be anything positive for several years to come .
We ’ ve seen just the very @ @ @ @ @ @ @ a guest post and it doesn ’ t necessarily represent the views of IWB .

by AC
There are posters here, coming and going, most with some form of an agenda, getting there but nobody really spells this out.
Is there an evil masterplan behind all this? I have no clue. Is this aiming for totalitarian control and an evil NWO? Couldn’t care less. Do I have a fancy Youtube -video for this? -NO. The main point is this:
The world will be literally FUBAR by this time in 2021, could even be described as TEOTWAWKI – without meteors though. Ok, I have no clue about the meteors either, they simply add to the confusion or they don’t.
1. The US economy slumped by a third in Q2 2020. A THIRD. That means, if it continues like this (which it will) – ca. 100 million people will lose their livelihood, in the US alone. No joke, no fearmongering, pure statistical fact.
2. The global airline industry employs roughly 65 million people. That’s roughly the equivalent of the population of the UK. On top of that – several of those people hvae families. In total probably around 130 million people in the world, who get their main income (or a very large part) from airline industry. Now, the industry is down by 80% globally, meaning, another ca. 100 million people, will probably lose at least a majority of their income.
3. The global hotel industry, employs more than 200 million people. That industry is also down, in some areas by half, in others up to 90%. At least another 100-200 million people who will need to find another job.
4. Most countries have not yet published their Q2 GDP figures, Germany has, they achieved “only” a 10% drop. Which is also the biggest dip in German history. Many other countries will be hit harder, just like the US.
ABOVE ARE THE FACTS / BELOW WHAT IT MEANS:
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a. We will end up having probably around 1 billion newly unemployed people on this planet by the beginning of next year. Think about it.
b. The governments might setup a rescue fund for those – but it can work only temporarily. You cannot print money out of thin air forever. Ask the government of Zimbabwe how it went. Not to mention the 1 billion people who supposedly sit home and watch their monthly welfare roll in, what’s going to happen to them? Sheeple much? Laze much? Aggression starts to build up when there’s nothing to do, global unrest.
c. Some parts of the economy are still doing well, because the still employed people stay put, and just buy stuff online. They start new hobbies they didn’t have the time for before. Overall people commute and travel a lot less. Sooner or later the people already have everything they can think of, they get bored, or they start losing their jobs. Then the online consumption starts to go down.
d. The whole global economic system is already built on ridiculous piles of debt – which has been necessary to keep the system going, economy growing. If the economy does not grow anymore, but actually the opposite, those massive piles of debt will quite simply just overheat and explode like Tshernobyl. When that happens, effectively EVERY FINANCIAL INSTITUTION, BANK, OR INSURANCE COMPANY ON EARTH WILL SIMPLY NOT EXIST ANYMORE. Chain reaction, with multiple detonation points to get started. It is a mathematical certainty.
CONCLUSION:
Everything above is really based on facts, and the conclusions from the facts are also as above, with a very high certainty. This really means, that our way of life will be no more. We’ve pushed it to the limit, all of us, and now something as small as a stupid virus is enough to push the entire global system over the edge. How ridiculous is that???
Just wanted to share this. This does not go away. We will not go back anymore. Something completely new is upon us, and I’m afraid it will not be anything positive for several years to come.
We’ve seen just the very early beginning.
Disclaimer: This is a guest post and it doesn’t necessarily represent the views of IWB.


investmentwatchblog--2020-07-31--FED UP: Chinese and Russian hackers were just sanctioned by Europe for the first time.

Retaliation for Russian attacks : The most prominent target of EU action is unit 74455 of Russia ’ s GRU @ @ @ @ @ group known as Sandworm .
It is linked to the NotPetya ransomware attacks , which @ @ @ @ @ political attack against Ukraine but then quickly spread across the world and caused over $ @ @ @ @ @ The group is also linked to hacking and turning off the Ukrainian power grid during @ @ @ @ @ 2016 .
The sanctions also targeted four Russian spies linked to a cyberattack on the @ @ @ @ @ Chemical Weapons , which investigates the use of chemical weapons in Syria .
China ’ @ @ @ @ @ China , two citizens and a company , Haitai Technology Development , were sanctioned in @ @ @ @ @ known as Cloudhopper .
The lengthy and sophisticated operation , carried out on behalf of @ @ @ @ @ corporate secrets across six continents and is one of the most expansive espionage operations ever @ @

Retaliation for Russian attacks: The most prominent target of EU action is unit 74455 of Russia’s GRU military intelligence service, a group known as Sandworm. It is linked to the NotPetya ransomware attacks, which experts say began as a political attack against Ukraine but then quickly spread across the world and caused over $10 billion in damage. The group is also linked to hacking and turning off the Ukrainian power grid during the winters of 2015 and 2016. The sanctions also targeted four Russian spies linked to a cyberattack on the Organization for the Prohibition of Chemical Weapons, which investigates the use of chemical weapons in Syria.
China’s corporate espionage: In China, two citizens and a company, Haitai Technology Development, were sanctioned in connection with a hacking campaign known as Cloudhopper. The lengthy and sophisticated operation, carried out on behalf of Chinese intelligence services, targeted corporate secrets across six continents and is one of the most expansive espionage operations ever spotted.


investmentwatchblog--2020-07-31--RULES ARE FOR THE LITTLE PEOPLE: Will Obama Obey 14-Day Quarantine Rule Once Back in DC?

Buck Sexton , the host of “ The Buck Sexton Show , ” took to Twitter on Thursday to ask @ @ @ @ @ and the dozens of members of Congress who attended Rep. John Lewis ’ funeral in @ @ @ @ @ by Washington , D.C. ’ s mandatory 14-day quarantine order for those who travel to @ @ @ @ @ .
“ Georgia is on Washington DC Mayor Bowser ’ s list of states that @ @ @ @ @ , ” Sexton wrote .
“ Are these politicians going into quarantine , or are @ @ @ @ @ people ?
” According to a post from the mayor ’ s office dated July @ @ @ @ @ in the city are expected to adhere to the 14-day quarantine after they visit areas @ @ @ @ @ ” for coronavirus transmission .
The move is aimed to “ mitigate the spread of @ @ @ @ @ protect the health , safety , and welfare of District residents , and will help @ @ @ @ @ trajectory of new cases .
”

Buck Sexton, the host of “The Buck Sexton Show,” took to Twitter on Thursday to ask if former President Barack Obama and the dozens of members of Congress who attended Rep. John Lewis’ funeral in Atlanta will have to abide by Washington, D.C.’s mandatory 14-day quarantine order for those who travel to a “high-risk” state.
“Georgia is on Washington DC Mayor Bowser’s list of states that require 2 week mandatory quarantine,” Sexton wrote. “Are these politicians going into quarantine, or are rules just for the little people?”
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According to a post from the mayor’s office dated July 24, 2020, travelers in the city are expected to adhere to the 14-day quarantine after they visit areas determined to be “high-risk” for coronavirus transmission. The move is aimed to“mitigate the spread of COVID-19 in the District and protect the health, safety, and welfare of District residents, and will help return us to a downward trajectory of new cases.”
www.bucksexton.com/content/2020-07-30-will-obama-obey-14-day-quarantine-rule-once-back-in-dc/


investmentwatchblog--2020-07-31--CBS News Poll Says 70% Of Americans Would Wait To Get COVID-19 Vaccine, Or Wouldn’t Get One At All.

NEW YORK ( CBSNewYork ) — Some encouraging news and some sobering news about a COVID-19 vaccine , when might @ @ @ @ @ will people actually take it ?
In his latest Max Minute report , CBS2 ’ @ @ @ @ @ the details about a coronavirus vaccine .
Virtually since the beginning of the pandemic five @ @ @ @ @ America has hung its hopes on a coronavirus vaccine to beat the pandemic and get @ @ @ @ @ normal life .
And while some vaccine candidates may be getting closer , a new @ @ @ @ @ even take a COVID-19 vaccine .

NEW YORK (CBSNewYork) — Some encouraging news and some sobering news about a COVID-19 vaccine, when might one be available – and will people actually take it?
In his latest Max Minute report, CBS2’s Dr. Max Gomez has the details about a coronavirus vaccine.
Virtually since the beginning of the pandemic five months ago, much of America has hung its hopes on a coronavirus vaccine to beat the pandemic and get back to some version of normal life. And while some vaccine candidates may be getting closer, a new poll questions whether people will even take a COVID-19 vaccine.


investmentwatchblog--2020-07-31--DAVID HENDERSON: The Virus May Strike Teachers Unions: What happens when they refuse to do their job

DAVID HENDERSON: The Virus May Strike Teachers Unions: What happens when they refuse to do their jobs and it turns out home-schoolers are better at it anyway?

If you have school-age children , you may be wondering if they ’ ll ever get an education .
On Tuesday the American Federation of Teachers , the second-largest education union , threatened “ safety strikes ” if reopening plans aren ’ t to its liking .
Some state and local governments are insisting that public K-12 schooling this fall be conducted online three to five days a week and imposing stringent conditions on those students who actually make it to the classroom .
Yet there are three reasons to be optimistic about the future of education .
First , @ @ @ @ @ @ @ home-school their kids than they were in the spring .
They or their hired teachers will do a better job of educating children , in many cases , than the public schools .
Second , once the pandemic ends , many parents , perhaps millions , will have a new appreciation of how mediocre a job the public schools were doing .
They will continue home-schooling , switch to a private school , or push hard to end restrictions on the growth of charter schools .
Third , as schools sit empty and @ @ @ @ @ @ @ less effective work , there will be more opposition to more funding for public schools , which , in turn , will make local school boards amenable to lower-cost options such as charter schools .
.
.
.
Public schools are dominant because they don ’ t need to compete for funds .
Taxpayers are forced to finance them .
If a family decides to take a child out of the local public school , thereby saving the school board the cost of educating that child , the family gets no tax break @ @ @ @ @ @ @ finds a cheap private school that charges $ 8,000 in annual tuition , sending the child there makes economic sense only if the family values the private education by at least $ 8,000 more than they value the public education .
That ’ s a high hurdle for most parents .
But with public schools ’ shift to online instruction , the equation changes dramatically for two reasons .
First , the public schools have done a poor job of adjusting to the new reality .
Second , and possibly more important , @ @ @ @ @ @ @ service provided by public schools : child care .
On net , therefore , the value of the online public school is much lower , especially for young children , than the value of in-person public school .
Many will opt instead to home-school .
This summer , parents have had time to plan for the fall .
Many of them are forming “ learning pods , ” which are small groups of families getting together to hire a teacher or a tutor to teach their kids .
What if , as I @ @ @ @ @ @ @ , better than the public schools before the pandemic ?
Once the pandemic ends , many parents will want to continue with home-schooling .
A poll taken in May of 626 parents found 40.8 % of them saying they were more likely than before the pandemic to enroll their child in “ a home school , a neighborhood home-school co-op , or a virtual school ” once the lockdowns ended .
There are now about 56 million children in K-12 schools .
Before the pandemic , an estimated two million children were home-schooled @ @ @ @ @ @ @ 40.8 % of parents who said they might take it up followed through , the number of home-schooled children would almost quadruple .

via WSJ:
If you have school-age children, you may be wondering if they’ll ever get an education. On Tuesday the American Federation of Teachers, the second-largest education union, threatened “safety strikes” if reopening plans aren’t to its liking. Some state and local governments are insisting that public K-12 schooling this fall be conducted online three to five days a week and imposing stringent conditions on those students who actually make it to the classroom.
Yet there are three reasons to be optimistic about the future of education. First, many parents will be more prepared to home-school their kids than they were in the spring. They or their hired teachers will do a better job of educating children, in many cases, than the public schools.
Second, once the pandemic ends, many parents, perhaps millions, will have a new appreciation of how mediocre a job the public schools were doing. They will continue home-schooling, switch to a private school, or push hard to end restrictions on the growth of charter schools. Third, as schools sit empty and homebound teachers draw their regular salaries for less effective work, there will be more opposition to more funding for public schools, which, in turn, will make local school boards amenable to lower-cost options such as charter schools. . . .
Public schools are dominant because they don’t need to compete for funds. Taxpayers are forced to finance them. If a family decides to take a child out of the local public school, thereby saving the school board the cost of educating that child, the family gets no tax break, no rebate. If a family finds a cheap private school that charges $8,000 in annual tuition, sending the child there makes economic sense only if the family values the private education by at least $8,000 more than they value the public education. That’s a high hurdle for most parents.
But with public schools’ shift to online instruction, the equation changes dramatically for two reasons. First, the public schools have done a poor job of adjusting to the new reality. Second, and possibly more important, online instruction eliminates arguably the most valuable service provided by public schools: child care. On net, therefore, the value of the online public school is much lower, especially for young children, than the value of in-person public school.
Many will opt instead to home-school. This summer, parents have had time to plan for the fall. Many of them are forming “learning pods,” which are small groups of families getting together to hire a teacher or a tutor to teach their kids.
What if, as I predict, home-schooling works, on average, better than the public schools before the pandemic? Once the pandemic ends, many parents will want to continue with home-schooling. A poll taken in May of 626 parents found 40.8% of them saying they were more likely than before the pandemic to enroll their child in “a home school, a neighborhood home-school co-op, or a virtual school” once the lockdowns ended. There are now about 56 million children in K-12 schools. Before the pandemic, an estimated two million children were home-schooled. If even a third of the 40.8% of parents who said they might take it up followed through, the number of home-schooled children would almost quadruple.


investmentwatchblog--2020-07-31--“New Jersey has not spent most of its stimulus money, federal watchdog says” —— NJ received $2.4 Bil

“New Jersey has not spent most of its stimulus money, federal watchdog says” —— NJ received $2.4 Billion, but only spent 2.1% of that money! Their entire rhetoric of a financial catstophy is bullshit.

As Congress debates whether to provide more federal aid to state and local governments reeling from the coronavirus , a report by a federal government watchdog found that New Jersey had yet to spend most of the money already approved .
According to the U.S. Treasury Department inspector general , New Jersey has spent just 2.1 % of the $ 2.4 billion , or $ 51 million , it received under the $ 2 trillion stimulus law known as the CARES Act .
New York , on the other hand , spent 42.3 % of its allocation while Pennsylvania spent @ @ @ @ @ @ @ .
Phil Murphy , Jennifer Sciortino , said the numbers , which cover the period through June 30 , were out of date .
“ At this point , the administration is in the process of allocating hundreds of millions of dollars for a wide range of critical purposes , some of which were recently announced ( i.e .
funding for Main Street businesses , food banks , and to bridge the digital divide in school ) and others which will be rolled out in the coming days and weeks , ” Sciortino @ @

As Congress debates whether to provide more federal aid to state and local governments reeling from the coronavirus, a report by a federal government watchdog found that New Jersey had yet to spend most of the money already approved.
According to the U.S. Treasury Department inspector general, New Jersey has spent just 2.1% of the $2.4 billion, or $51 million, it received under the $2 trillion stimulus law known as the CARES Act. New York, on the other hand, spent 42.3% of its allocation while Pennsylvania spent 28.7%.
A spokeswoman for Gov. Phil Murphy, Jennifer Sciortino, said the numbers, which cover the period through June 30, were out of date.
“At this point, the administration is in the process of allocating hundreds of millions of dollars for a wide range of critical purposes, some of which were recently announced (i.e. funding for Main Street businesses, food banks, and to bridge the digital divide in school) and others which will be rolled out in the coming days and weeks,” Sciortino said.


investmentwatchblog--2020-07-31--Doug Casey on the Cultural Revolution in the US and What It Means for the Election

International Man : In 2016 , you accurately predicted that Donald Trump would be the next president of the United States .
It came as a complete shock for most people .
What do you think of his chances of winning a second term ?
Doug Casey : I ’ m not a fan of Trump , per se .
He has no philosophical center , no core beliefs .
He ’ s an opportunist who flies by the seat of his pants .
His economic policies are disjointed and inconsistent .
Many are idiotic .
It ’ s true @ @ @ @ @ @ @ and he deserves kudos for that .
But he ’ s encouraging reckless monetary policies—zero-percent interest rates , gigantic increases in debt , massive public-works projects , and the creation of trillions of new dollars .
He ’ s just building the house of cards higher while enriching the Deep State and corrupting the 30 million Americans making more not working than they made working .
Almost as bad as that is the way he slaps on import duties , embargoes , and quotas at whim .
He devastated American farmers by provoking @ @ @ @ @ @ @ spent billions in subsidies to keep them from bankruptcy .
His foreign policies are dangerous .
Provoking the Iranians and the Russians is counterproductive .
What ’ s worse , he ’ s started a cold war with China that could easily spin out of control and turn into a hot war .
But on the bright side , he ’ s a cultural conservative .
And that ’ s why people support him .
He wants to see the US return to the golden days of yesteryear , the world of Leave @ @ @ @ @ @ @ , and Father Knows Best .
We ’ d all like to see domestic tranquility and rising prosperity .
But that ’ s not the world we ’ re going to be living in , not just for 2020 , but the whole decade .
For years , I ’ ve joked that I planned on watching riots on my widescreen from a secure location , not out my front window .
Things have now become so predictable that when I turn on the news , I kill the audio and just put @ @ @ @ @ @ @ Man ” on a continuous loop .
Given a choice between Trump and the Democrats , if you like what ’ s left of the US , you have to be a Trump supporter .
But since we ’ ll be in the midst of a gigantic political , economic , and social crisis in November , people will want a radical change .
That ’ s what the Democrats are promising , so they ’ re likely to win .
But there are other factors .
The last election was close enough @ @ @ @ @ @ @ , there are four more cohorts of kids that have gone through high school and college and been indoctrinated by their uniformly left-wing teachers .
They ’ re going to vote Democrat overwhelmingly .
The only bright spot for Trump is the stock market .
That said , I ’ m not optimistic about the stock market .
It ’ s at current levels not because the economy is doing well , but because of the avalanche of money being printed .
Where it is in November is a question of how much @ @ @ @ @ @ @ and how much of it flows into the stock market .
For reasons I ’ ve detailed in the past , the economy is going to be worse , however .
And people vote their pocketbook .
Bill Clinton was right when he said , “ It ’ s the economy , stupid.
” If stocks fall , it will compound this effect .
A high stock market can give the illusion of prosperity .
On top of all that , the conservatives are completely demoralized .
It ’ s impossible to defend @ @ @ @ @ @ @ has made it shameful to be white .
If you object to the race-baiters , you ’ ll be shouted down in the media—even by other white people .
It looks like everything you grew up with and thought was part of the cosmic firmament is being washed away as unworthy .
Here are two examples .
Recently , in Stone Mountain in Georgia , there were 1,000 uniformed , armed black men who went out of their way to say that they were looking for a fight .
“ Where are the @ @ @ @ @ @ @ ?
” Well , that would have been out of the question at any time in the past , but no rednecks showed up to the party .
That ’ s partially because they ’ ve been psychologically cowed , and partially because they recognize that if they did , and if law enforcement was brought in , they ’ d be the ones that were prosecuted , not the black people .
It ’ s a complete inversion of what would have been the case only a generation ago .
Then the @ @ @ @ @ @ @ to turn up for a fight , and the legal system would have railroaded them .
Just to be clear , I ’ m opposed to any kind of identity politics , regardless of the group .
The point is that there ’ s been a sea change in mass psychology .
There ’ s also the case of the Black Lives Matter sign painted in yellow on 5th Avenue .
A couple of white people only got as far as painting over a couple of letters before they were arrested .
They @ @ @ @ @ @ @ property .
But the people who recently destroyed statues are not being prosecuted .
It ’ s a matter of psychology .
Whites and conservatives no longer believe in themselves .
When that ’ s true , it ’ s game over .
Yes , I know it ’ s not true of all of them—but I believe it ’ s a fair generalization .
If I were to bet money this time on who will win the election , with great regret , I ’ d have to pick the Democrats .
@ @ @ @ @ @ @ Trump ’ s presidency , there have been nonstop attacks on his legitimacy .
First , it was the allegations of Russian collusion , and then there was the impeachment trial and Ukraine-Gate .
What do you make of this ?
Doug Casey : In a way , it ’ s evidence of the old saying , turnabout is fair play .
For many years , the US government has cultivated regime change in foreign countries by interfering very overtly in their elections .
Why should we be surprised if it happens here @ @ @ @ @ @ @ Russians are concerned , it ’ s not even a tempest in a toilet bowl .
I ’ m sure that some Russian kids played around on their computers to see what they could do , but it was totally trivial and meaningless .
The real problem is that when you have a cultural split—such as developed in the US—a country can not , and more importantly , should not stay together .
At this point , politics has become a contest of who gets to impose their will on the rest of @ @ @ @ @ @ @ the case , a country is best off dividing .
People should have freedom of association , generally with those whom they share culture , traditions , and general worldviews .
The alternative is chaos , such as we ’ ve seen in the last few months , or maybe a civil war .
And this one wouldn ’ t be like the unpleasantness of 1861–1865 .
That was a failed war of secession .
The South simply wanted to go its own way .
Slavery was an issue , but not the @ @ @ @ @ @ @ war in a future conversation .
The South should have been allowed to break off , much the way that Slovakia and the Czech Republic separated , or the way that Yugoslavia divided into six republics—or , for that matter , the way the Soviet Union broke up into 15 republics .
Abraham Lincoln created the poisonous meme that the states had to be held together by force .
Most people now think it ’ s some type of a crime to even intimate that the US could—or should—break up .
The US @ @ @ @ @ @ @ united by culture and language , ideas , or anything else .
It ’ s become a multicultural domestic empire .
It ’ s too large to be governable .
The central government is totally bankrupt .
It should break up peaceably before the situation gets completely out of control .
Going back to the idea of foreign interference in US elections , there already are millions of foreign citizens—illegal aliens orchestrated by the Left—interfering directly in the outcome by voting .
That ’ s much more of a change than some random @ @ @ @ @ @ @ International Man : There is no question that tensions are running high in the US .
Recently , we saw riots take place in most US cities , a takeover of part of Seattle , and the tearing down of historical statues and cultural symbols .
Is the country on the cusp of a full-blown cultural revolution ?
Doug Casey : It appears to be—and these things can come out of almost nowhere .
It ’ s like the witch hysteria in Salem , among other places in the late 17th century .
@ @ @ @ @ @ @ took hold—complete irrationality .
But if you argued against the prevailing hysteria , you too could be accused and hung .
Look at what happened in Rwanda a generation ago .
The Hutus and Tutsis had lived together , more or less amicably , for generations .
Then , all of a sudden , a million people got hacked with machetes .
The wave blew over , and now things are peaceful again .
But if you weren ’ t out there slaughtering Tutsis during the hysteria , you might be accused of @ @ @ @ @ @ @ It happened during the Terror of the French Revolution .
Over a short period perhaps 40,000 people were murdered , mostly guillotined .
It happened in Cambodia with Pol Pot , when a quarter of the population was murdered .
That was a cultural revolution against the educated , and essentially anyone who wasn ’ t a peasant .
Of course , China is the largest of all , the Great Cultural Revolution of the 60s .
The whole country , or at least what looked like the whole country , was bamboozled @ @ @ @ @ @ @ Olds—old customs , old culture , old habits , and old ideas .
Right now , the same meme is spreading in the US .
The people promoting a US cultural revolution aren ’ t getting much resistance .
The old regime—the conservatives , the Republicans—are totally bamboozled and intimidated .
They ’ ve been brainwashed into accepting the righteousness of the Left ’ s cultural , political , and social agendas .
They don ’ t like it , but they sheepishly accept it .
The schools , the NGOs , corporations @ @ @ @ @ @ @ their notions into society .
This is a real problem .
When these things get out of control , the consequences can be genuinely terrible .
Trends in motion tend to stay in motion—and this one is even accelerating .
America is unique among the world ’ s countries because it was founded on the premises of individualism and capitalism , free minds and free markets .
More than any other country , it ’ s lived up to those ideals .
But these people don ’ t want just a change of @ @ @ @ @ @ @ actual things that have made America , America .
There ’ s no other place to go once America goes .
Where can you run ?
In fact , the whole world is moving in the same direction .
International Man : Let ’ s talk about the Democratic Candidate for president , Joe Biden .
It ’ s clear that Biden is in cognitive decline .
What do you think this means for his chances of winning in November ?
If he does win , who will really be running the country @ @ @ @ @ @ @ ’ t make any difference who the Democratic candidate is at this point .
They could probably run a chimpanzee in his place and expect the same result .
This election is all about hating Trump .
It has little to do with what Trump does or doesn ’ t believe—because he has no philosophical center .
Unfortunately , he ’ s an authoritarian and a jingoist at heart .
His supporters equate that with strength .
The fact that Biden is borderline senile is irrelevant .
What ’ s much more important @ @ @ @ @ @ @ his vice president .
Biden has said it ’ s going to be a black female .
Which , in today ’ s heated environment , means basically a crypto-communist .
That ’ s really dangerous because the president has a lot of power : including the power to make several thousand direct appointees with immense influence .
Trump has been very unsuccessful in all his appointments .
Philosophically , he might as well have picked random names out of the telephone directory .
The Democrats , however , can be counted on @ @ @ @ @ @ @ If Biden wins , he ’ ll probably get the Senate and the House too .
The Democrats will get a vast array of programs and departments approved .
The changes will be much more radical than either Roosevelt ’ s New Deal or Johnson ’ s Great Society .
They ’ ll finance it with unlimited money in a world of Modern Monetary Theory ( MMT ) .
The US will get a makeover .
America will cease to exist .
It ’ s really serious .
The consequences of the Greater @ @ @ @ @ @ @ bear market .
We ’ ve survived borderline incompetent and crazy presidents before , of course , like Woodrow Wilson .
During his second term , he was rarely even seen in public .
It ’ s known that his wife was making all the decisions .
She was , in effect , speaking for Woodrow .
Incidentally , he ’ s my candidate for our worst president .
He gave us the Federal Reserve , the income tax , World War One , and much more .
Franklin Roosevelt was elected in @ @ @ @ @ @ @ .
He would have been elected for life if he hadn ’ t died in office .
Maybe Americans really want a king or a dictator , if Roosevelt is any indication .
Of course , the Constitution now prohibits more than two terms .
But perhaps , that no longer makes much difference .
Sure , the president is important .
But the fact of the matter is that the Deep State—which is to say the top senators and congressmen , heads of the Praetorian agencies , generals , top corporate guys @ @ @ @ @ @ @ people—really runs the country .
Since the Deep State supports Biden and despises Trump , they ’ ll do everything in their power to defeat him .
The 2016 election hit them out of left field .
They were taken completely by surprise ; they didn ’ t think it was possible .
This time they ’ re going to be organized , and the Deep State is going to be working actively against Trump ’ s reelection .
That along with everything else I ’ ve enumerated here and , in our @ @ @ @ @ @ @ gloomy scenario .
The chances are overwhelming that the Democrats will win .
Then the cat ’ s out of the bag .
It ’ s all over for the Old America .
Even if we don ’ t have an actual civil war .
Editor ’ s Note : Misguided political and economic ideas have taken hold in the US and around the world .
In all likelihood , the public will vote itself more and more “ free stuff ” until it causes an economic crisis .
New York Times best-selling @ @ @ @ @ @ @ released a free guide that will show you exactly how to survive and thrive in the coming crisis .
Click here to download the PDF now .

via internationalman:
International Man: In 2016, you accurately predicted that Donald Trump would be the next president of the United States.
It came as a complete shock for most people. What do you think of his chances of winning a second term?
Doug Casey: I’m not a fan of Trump, per se. He has no philosophical center, no core beliefs. He’s an opportunist who flies by the seat of his pants.
His economic policies are disjointed and inconsistent. Many are idiotic. It’s true he wants to deregulate the economy, and he deserves kudos for that.
But he’s encouraging reckless monetary policies—zero-percent interest rates, gigantic increases in debt, massive public-works projects, and the creation of trillions of new dollars. He’s just building the house of cards higher while enriching the Deep State and corrupting the 30 million Americans making more not working than they made working.
Almost as bad as that is the way he slaps on import duties, embargoes, and quotas at whim. He devastated American farmers by provoking China into a trade war, then spent billions in subsidies to keep them from bankruptcy.
His foreign policies are dangerous. Provoking the Iranians and the Russians is counterproductive. What’s worse, he’s started a cold war with China that could easily spin out of control and turn into a hot war.
But on the bright side, he’s a cultural conservative. And that’s why people support him. He wants to see the US return to the golden days of yesteryear, the world of Leave it to Beaver, Ozzie and Harriet, and Father Knows Best. We’d all like to see domestic tranquility and rising prosperity. But that’s not the world we’re going to be living in, not just for 2020, but the whole decade.
For years, I’ve joked that I planned on watching riots on my widescreen from a secure location, not out my front window. Things have now become so predictable that when I turn on the news, I kill the audio and just put the Stone’s “Street Fighting Man” on a continuous loop.
Given a choice between Trump and the Democrats, if you like what’s left of the US, you have to be a Trump supporter. But since we’ll be in the midst of a gigantic political, economic, and social crisis in November, people will want a radical change. That’s what the Democrats are promising, so they’re likely to win. But there are other factors.
The last election was close enough, but now, four years later, there are four more cohorts of kids that have gone through high school and college and been indoctrinated by their uniformly left-wing teachers. They’re going to vote Democrat overwhelmingly.
The only bright spot for Trump is the stock market. That said, I’m not optimistic about the stock market. It’s at current levels not because the economy is doing well, but because of the avalanche of money being printed. Where it is in November is a question of how much more money the Fed will print, and how much of it flows into the stock market.
For reasons I’ve detailed in the past, the economy is going to be worse, however. And people vote their pocketbook. Bill Clinton was right when he said, “It’s the economy, stupid.” If stocks fall, it will compound this effect. A high stock market can give the illusion of prosperity.
On top of all that, the conservatives are completely demoralized. It’s impossible to defend being a white person anymore; propaganda has made it shameful to be white. If you object to the race-baiters, you’ll be shouted down in the media—even by other white people. It looks like everything you grew up with and thought was part of the cosmic firmament is being washed away as unworthy.
Here are two examples.
Recently, in Stone Mountain in Georgia, there were 1,000 uniformed, armed black men who went out of their way to say that they were looking for a fight. “Where are the rednecks that want to fight with us?”
Well, that would have been out of the question at any time in the past, but no rednecks showed up to the party. That’s partially because they’ve been psychologically cowed, and partially because they recognize that if they did, and if law enforcement was brought in, they’d be the ones that were prosecuted, not the black people.
It’s a complete inversion of what would have been the case only a generation ago. Then the blacks would have been too psychologically cowed to turn up for a fight, and the legal system would have railroaded them.
Just to be clear, I’m opposed to any kind of identity politics, regardless of the group. The point is that there’s been a sea change in mass psychology.
There’s also the case of the Black Lives Matter sign painted in yellow on 5th Avenue. A couple of white people only got as far as painting over a couple of letters before they were arrested. They’re being prosecuted for defacing public property. But the people who recently destroyed statues are not being prosecuted.
It’s a matter of psychology. Whites and conservatives no longer believe in themselves. When that’s true, it’s game over. Yes, I know it’s not true of all of them—but I believe it’s a fair generalization.
If I were to bet money this time on who will win the election, with great regret, I’d have to pick the Democrats.
International Man: For the entirety of Trump’s presidency, there have been nonstop attacks on his legitimacy.
First, it was the allegations of Russian collusion, and then there was the impeachment trial and Ukraine-Gate.
What do you make of this?
Doug Casey: In a way, it’s evidence of the old saying, turnabout is fair play.
For many years, the US government has cultivated regime change in foreign countries by interfering very overtly in their elections.
Why should we be surprised if it happens here?
Although, as far as the Russians are concerned, it’s not even a tempest in a toilet bowl. I’m sure that some Russian kids played around on their computers to see what they could do, but it was totally trivial and meaningless.
The real problem is that when you have a cultural split—such as developed in the US—a country cannot, and more importantly, should not stay together.
At this point, politics has become a contest of who gets to impose their will on the rest of the country. When that’s the case, a country is best off dividing. People should have freedom of association, generally with those whom they share culture, traditions, and general worldviews.
The alternative is chaos, such as we’ve seen in the last few months, or maybe a civil war. And this one wouldn’t be like the unpleasantness of 1861–1865. That was a failed war of secession. The South simply wanted to go its own way. Slavery was an issue, but not the issue. Perhaps we should analyze the war in a future conversation.
The South should have been allowed to break off, much the way that Slovakia and the Czech Republic separated, or the way that Yugoslavia divided into six republics—or, for that matter, the way the Soviet Union broke up into 15 republics.
Abraham Lincoln created the poisonous meme that the states had to be held together by force. Most people now think it’s some type of a crime to even intimate that the US could—or should—break up.
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The US is no longer a country that is united by culture and language, ideas, or anything else. It’s become a multicultural domestic empire. It’s too large to be governable. The central government is totally bankrupt. It should break up peaceably before the situation gets completely out of control.
Going back to the idea of foreign interference in US elections, there already are millions of foreign citizens—illegal aliens orchestrated by the Left—interfering directly in the outcome by voting. That’s much more of a change than some random Russians making political comments on Facebook.
International Man: There is no question that tensions are running high in the US. Recently, we saw riots take place in most US cities, a takeover of part of Seattle, and the tearing down of historical statues and cultural symbols.
Is the country on the cusp of a full-blown cultural revolution?
Doug Casey: It appears to be—and these things can come out of almost nowhere.
It’s like the witch hysteria in Salem, among other places in the late 17th century. It just came out of nowhere and took hold—complete irrationality. But if you argued against the prevailing hysteria, you too could be accused and hung.
Look at what happened in Rwanda a generation ago. The Hutus and Tutsis had lived together, more or less amicably, for generations. Then, all of a sudden, a million people got hacked with machetes. The wave blew over, and now things are peaceful again. But if you weren’t out there slaughtering Tutsis during the hysteria, you might be accused of being a sympathizer and killed yourself.
It happened during the Terror of the French Revolution. Over a short period perhaps 40,000 people were murdered, mostly guillotined.
It happened in Cambodia with Pol Pot, when a quarter of the population was murdered. That was a cultural revolution against the educated, and essentially anyone who wasn’t a peasant.
Of course, China is the largest of all, the Great Cultural Revolution of the 60s. The whole country, or at least what looked like the whole country, was bamboozled into overthrowing what they called the Four Olds—old customs, old culture, old habits, and old ideas.
Right now, the same meme is spreading in the US.
The people promoting a US cultural revolution aren’t getting much resistance. The old regime—the conservatives, the Republicans—are totally bamboozled and intimidated. They’ve been brainwashed into accepting the righteousness of the Left’s cultural, political, and social agendas. They don’t like it, but they sheepishly accept it. The schools, the NGOs, corporations, Hollywood, the media have inculcated their notions into society.
This is a real problem. When these things get out of control, the consequences can be genuinely terrible. Trends in motion tend to stay in motion—and this one is even accelerating.
America is unique among the world’s countries because it was founded on the premises of individualism and capitalism, free minds and free markets. More than any other country, it’s lived up to those ideals.
But these people don’t want just a change of government; they want to overturn the actual things that have made America, America. There’s no other place to go once America goes.
Where can you run? In fact, the whole world is moving in the same direction.
International Man: Let’s talk about the Democratic Candidate for president, Joe Biden.
It’s clear that Biden is in cognitive decline.
What do you think this means for his chances of winning in November? If he does win, who will really be running the country?
Doug Casey: Maybe it doesn’t make any difference who the Democratic candidate is at this point. They could probably run a chimpanzee in his place and expect the same result. This election is all about hating Trump. It has little to do with what Trump does or doesn’t believe—because he has no philosophical center. Unfortunately, he’s an authoritarian and a jingoist at heart. His supporters equate that with strength.
The fact that Biden is borderline senile is irrelevant. What’s much more important is who’s going to be his vice president. Biden has said it’s going to be a black female. Which, in today’s heated environment, means basically a crypto-communist.
That’s really dangerous because the president has a lot of power: including the power to make several thousand direct appointees with immense influence. Trump has been very unsuccessful in all his appointments. Philosophically, he might as well have picked random names out of the telephone directory. The Democrats, however, can be counted on to plug in fully vetted idealogues.
If Biden wins, he’ll probably get the Senate and the House too. The Democrats will get a vast array of programs and departments approved. The changes will be much more radical than either Roosevelt’s New Deal or Johnson’s Great Society.
They’ll finance it with unlimited money in a world of Modern Monetary Theory (MMT). The US will get a makeover. America will cease to exist.
It’s really serious. The consequences of the Greater Depression will go far beyond a simple bear market.
We’ve survived borderline incompetent and crazy presidents before, of course, like Woodrow Wilson. During his second term, he was rarely even seen in public. It’s known that his wife was making all the decisions. She was, in effect, speaking for Woodrow. Incidentally, he’s my candidate for our worst president. He gave us the Federal Reserve, the income tax, World War One, and much more.
Franklin Roosevelt was elected in 1932, 1936, 1940 and 1944. He would have been elected for life if he hadn’t died in office. Maybe Americans really want a king or a dictator, if Roosevelt is any indication.
Of course, the Constitution now prohibits more than two terms. But perhaps, that no longer makes much difference.
Sure, the president is important. But the fact of the matter is that the Deep State—which is to say the top senators and congressmen, heads of the Praetorian agencies, generals, top corporate guys, top academic guys, top media people—really runs the country.
Since the Deep State supports Biden and despises Trump, they’ll do everything in their power to defeat him.
The 2016 election hit them out of left field. They were taken completely by surprise; they didn’t think it was possible. This time they’re going to be organized, and the Deep State is going to be working actively against Trump’s reelection. That along with everything else I’ve enumerated here and, in our conversation, last week makes for a gloomy scenario.
The chances are overwhelming that the Democrats will win.
Then the cat’s out of the bag. It’s all over for the Old America. Even if we don’t have an actual civil war.
Editor’s Note: Misguided political and economic ideas have taken hold in the US and around the world. In all likelihood, the public will vote itself more and more “free stuff” until it causes an economic crisis.
New York Times best-selling author Doug Casey and his team just released a free guide that will show you exactly how to survive and thrive in the coming crisis. Click here to download the PDF now.


investmentwatchblog--2020-07-31--A scary number of retail companies are facing bankruptcy amid the coronavirus pandemic

At this rate , the only places to shop in life after COVID-19 will be Walmart , Amazon , Target and Costco .
Ascena Retail Group , the owner of Ann Taylor and Lane Bryant , finally filed for bankruptcy protection on Thursday .
The company , which has been circling the bowl for years , will look to the courts to help it shave $ 1 billion in debt .
But it ’ s likely the retailer will be far slimmer post bankruptcy than its current 2,800 store count .
The death notices in retail continue to pile up @ @ @ @ @ @ @ filed for Chapter 11 earlier this month .
The operator of 86 stationary and card stores in the Northeast said it ’ s looking for a buyer .
New York & Co. parent company RTW Retailwinds also filed for Chapter 11 bankruptcy protection this month after years of growing irrelevance in malls .
The women ’ s apparel company — which changed its name to the bizarre RTW Retailwinds as part of a rebranding in 2018 — operates 378 outlet and and mall-based stores across 32 states .
It may close all of @ @ @ @ @ @ @ .
New York ( CNN Business ) Dunkin ’ is permanently closing 8 % of its United States locations , which amounts to roughly 800 restaurants .
The company announced the changes in its second quarter earnings , released Thursday .
Dunkin ’ described the closures as “ real estate portfolio rationalization ” and said the affected locations are in “ low-volume sales locations ” that only represent 2 % of its US sales as of 2019 .

At this rate, the only places to shop in life after COVID-19 will be Walmart, Amazon, Target and Costco.
Ascena Retail Group, the owner of Ann Taylor and Lane Bryant, finally filed for bankruptcy protection on Thursday. The company, which has been circling the bowl for years, will look to the courts to help it shave $1 billion in debt. But it’s likely the retailer will be far slimmer post bankruptcy than its current 2,800 store count.
The death notices in retail continue to pile up this month.
Regional retailer Paper Store filed for Chapter 11 earlier this month. The operator of 86 stationary and card stores in the Northeast said it’s looking for a buyer.
New York & Co. parent company RTW Retailwinds also filed for Chapter 11 bankruptcy protection this month after years of growing irrelevance in malls. The women’s apparel company — which changed its name to the bizarre RTW Retailwinds as part of a rebranding in 2018 — operates 378 outlet and and mall-based stores across 32 states.
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It may close all of its stores as part of the filing.
sg.news.yahoo.com/a-scary-number-of-retail-companies-are-facing-bankruptcy-amid-the-coronavirus-pandemic-180604964.html
New York (CNN Business)Dunkin’ is permanently closing 8% of its United States locations, which amounts to roughly 800 restaurants.
The company announced the changes in its second quarter earnings, released Thursday. Dunkin’ described the closures as “real estate portfolio rationalization” and said the affected locations are in “low-volume sales locations” that only represent 2% of its US sales as of 2019.
www.cnn.com/2020/07/30/business/dunkin-donut-closures/index.html


investmentwatchblog--2020-07-31--THIS IS CNN: CNN blames large gatherings for fueling the pandemic and omits all mention of anti-poli

THIS IS CNN: CNN blames large gatherings for fueling the pandemic and omits all mention of anti-police protests.

CNN published a report this week alleging that mass gatherings , including two parties , a concert , and an anti-lockdown demonstration , are fueling the coronavirus pandemic in the United States .
Notably absent from the article are mentions of the massive anti-police protests , including the Black Lives Matters demonstrations that daily and nightly fill the streets of major cities .
Not even a word .
How does one write an entire article about the dangers of mass gatherings without mentioning the largest mass gatherings in the country right now ?
It is not an oversight .
“ @ @ @ @ @ @ @ , but they keep happening , ” reads the article ’ s headline .
“ With the coronavirus running rampant within American communities , health officials have made clear it ’ s not yet time to ease up on precautions , ” its opening line states .
“ Instead , governors and experts from coast to coast have urged Americans to keep face masks in indoor public spaces , maintain their distance from others and avoid crowded spaces.
” It continues , noting that infections nationwide have surpassed 4.3 million and that the @ @ @ @ @ @

via washingtonexaminer:
CNN published a report this week alleging that mass gatherings, including two parties, a concert, and an anti-lockdown demonstration, are fueling the coronavirus pandemic in the United States.
Notably absent from the article are mentions of the massive anti-police protests, including the Black Lives Matters demonstrations that daily and nightly fill the streets of major cities. Not even a word. How does one write an entire article about the dangers of mass gatherings without mentioning the largest mass gatherings in the country right now?
It is not an oversight.
“Large gatherings are fueling rising Covid-19 cases, but they keep happening,” reads the article’s headline.
“With the coronavirus running rampant within American communities, health officials have made clear it’s not yet time to ease up on precautions,” its opening line states. “Instead, governors and experts from coast to coast have urged Americans to keep face masks in indoor public spaces, maintain their distance from others and avoid crowded spaces.”
It continues, noting that infections nationwide have surpassed 4.3 million and that the virus has killed roughly 150,000.


investmentwatchblog--2020-07-31--Tucker: America is witnessing a brazen power grab

After two months of rioting and political chaos , there are still people who claim it all about the death @ @ @ @ @ ’ re wrong .
# FoxNews # Tucker FIGHT THE POWER , STICK IT TO @ @ @ @ @ are daring to stand up to cancel culture .
• As public and historic figures @ @ @ @ @ at colleges around the country , some are standing up to the trend .
• @ @ @ @ @ allow the opposition to show their cards before we do , ” one student said @

After two months of rioting and political chaos, there are still people who claim it all about the death of George Floyd. They’re wrong. #FoxNews #Tucker
FIGHT THE POWER, STICK IT TO THE MAN: Some students are daring to stand up to cancel culture.
We are primarily funded by readers. Please subscribe and donate to support us!
As public and historic figures are getting “cancelled” at colleges around the country, some are standing up to the trend.
“Our goal is to allow the opposition to show their cards before we do,” one student said.
h/t GR


investmentwatchblog--2020-07-31--Republicans gaining new voters at 5X the rate of Democrats

“ Look , the president won our state by 44,000-plus votes in 2016 , ” said Lawrence Tabas , chair @ @ @ @ @ .
“ We have since picked up and narrowed the gap between us and the @ @ @ @ @ .
So we were already ahead 44,000 , and look what we ’ ve picked @ @ @ @ @ ’ re going to narrow the gap further between now and November .
”

“Look, the president won our state by 44,000-plus votes in 2016,” said Lawrence Tabas, chair of the Pennsylvania Republican Party. “We have since picked up and narrowed the gap between us and the Democrats [by 135,000]. So we were already ahead 44,000, and look what we’ve picked up. I predict we’re going to narrow the gap further between now and November.”


investmentwatchblog--2020-07-31--Covd19’s Second Wave: Boris Johnson descends into the Twilight Zone

The bollocks about Covid19 continues unabated .
Our blond Turk helmsman Bojo the Ethereal Ancient Greek Minotaurshitter discerns a new @ @ @ @ @ Covid Tsuname2 – the Revenge of the Believers .
But the data tell a different @ @ @ @ @ up your economy based on these C19 death numbers ?
No , you almost certainly @ @ @ @ @ the Central Banks and Wall Street would – and here ’ s why :

by John Ward
The bollocks about Covid19 continues unabated. Our blond Turk helmsman Bojo the Ethereal Ancient Greek Minotaurshitter discerns a new upcoming EU virus horror: Covid Tsuname2 – the Revenge of the Believers. But the data tell a different story.
Would you lock up your economy based on these C19 death numbers?
Country Today Yesterday
Spain 2 5
Italy 3 6
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France 16 15
Germany 6 5
Belgium 3 11
Netherlands 0 2
No, you almost certainly wouldn’t. But the Central Banks and Wall Street would – and here’s why:
hat4uk.wordpress.com/2020/07/29/28th-july-2020-was-this-the-day-the-covid-mask-slipped/


investmentwatchblog--2020-07-31--Rate from 1 -5 how bad you think the overall situation will be in the USA on 01/01/2021

1 – No worse than today , V shaped recovery or at worst U shaped 2 – Noticeably worse than @ @ @ @ @ unemployed , mass evictions happening , widespread bankruptcies etc 3 – Election chaos sparks ongoing @ @ @ @ @ economy tanking 4 – Either USA in a new war or else everything so bad @ @ @ @ @ like 2021 will see a fast crash collapse 5 – Fast crash collapse underway by @ @ @

by mark000
1 – No worse than today, V shaped recovery or at worst U shaped
2 – Noticeably worse than today with 20%+ unemployed, mass evictions happening, widespread bankruptcies etc
3 – Election chaos sparks ongoing violence between rival groups, economy tanking
4 – Either USA in a new war or else everything so bad that it’s looking like 2021 will see a fast crash collapse
5 – Fast crash collapse underway by end of year


investmentwatchblog--2020-07-31--So many mortgage, rent, credit card and auto loan repayments aren’t being paid that the US financial

So many mortgage, rent, credit card and auto loan repayments aren’t being paid that the US financial system faces a major crisis.

By Wolf Richter .
This is the transcript of my podcast last Sunday , THE WOLF STREET REPORT .
You can listen to it on YouTube , and you can find it on Apple Podcasts , Spotify , Stitcher , Google Podcasts , iHeart Radio , and others .
Until a few months ago , most Americans didn ’ t even know what “ forbearance ” was .
Now , roughly four million home mortgages , or about 8 % of all home mortgages , are in forbearance .
Those four million households with mortgages in forbearance might still not @ @ @ @ @ @ @ they know one thing : They don ’ t have to make mortgage payments for a while , and they get to spend that money on other things instead of sending it to the bank .
There are forbearance deals offered by lenders for credit cards and auto loans .
I don ’ t owe any balances on my credit cards and I don ’ t have an auto loan , but my inbox gets blasted with offers of forbearance anyway , by every bank I do business with .
My WOLF STREET @ @ @ @ @ @ @ s just a tiny business , and it doesn ’ t owe any money , but sure enough , my bank is offering “ assistance ” with those debts that my business doesn ’ t have .

“Extend and Pretend” forevermore.
By Wolf Richter. This is the transcript of my podcast last Sunday, THE WOLF STREET REPORT. You can listen to it on YouTube, and you can find it on Apple Podcasts, Spotify, Stitcher, Google Podcasts, iHeart Radio, and others.
Until a few months ago, most Americans didn’t even know what “forbearance” was. Now, roughly four million home mortgages, or about 8% of all home mortgages, are in forbearance. Those four million households with mortgages in forbearance might still not fully understand what forbearance is, but they know one thing: They don’t have to make mortgage payments for a while, and they get to spend that money on other things instead of sending it to the bank.
There are forbearance deals offered by lenders for credit cards and auto loans. I don’t owe any balances on my credit cards and I don’t have an auto loan, but my inbox gets blasted with offers of forbearance anyway, by every bank I do business with.
My WOLF STREET media mogul empire too. It’s just a tiny business, and it doesn’t owe any money, but sure enough, my bank is offering “assistance” with those debts that my business doesn’t have.


investmentwatchblog--2020-07-31--Hong Kong Postpones Elections for a Year

The Hong Kong government has postponed September ’ s parliamentary elections by a year , saying it is necessary amid a rise in coronavirus infections .
Hong Kong is currently experiencing a spike in Covid-19 infections , and reported 121 new cases on Friday .
However , the opposition has accused the government of using the pandemic as a pretext to stop people from voting .
On Thursday , the government banned 12 pro-democracy candidates from running in the elections .
Opposition activists had hoped to obtain a majority in the Legislative Council ( LegCo ) in September ’ s @ @ @ @ @ @ @ ’ s imposition of a controversial national security law in Hong Kong , and fears that the territory ’ s freedoms are being eroded .
Hong Kong , a former British colony , was handed back to China in 1997 under an agreement meant to guarantee a high degree of autonomy for 50 years .
Pro-democracy candidates had made unprecedented gains in last year ’ s district council elections , winning 17 out of 18 councils .
On Friday , Chief Executive Carrie Lam said she would invoke emergency powers to postpone the @ @ @ @ @ @ @ difficult decision I ’ ve made over the past seven months ” .
“ This postponement is entirely made based on public safety reasons , there were no political considerations , ” she said .

The Hong Kong government has postponed September’s parliamentary elections by a year, saying it is necessary amid a rise in coronavirus infections.
Hong Kong is currently experiencing a spike in Covid-19 infections, and reported 121 new cases on Friday.
However, the opposition has accused the government of using the pandemic as a pretext to stop people from voting.
On Thursday, the government banned 12 pro-democracy candidates from running in the elections.
Opposition activists had hoped to obtain a majority in the Legislative Council (LegCo) in September’s poll, capitalising on anger at Beijing’s imposition of a controversial national security law in Hong Kong, and fears that the territory’s freedoms are being eroded.
Hong Kong, a former British colony, was handed back to China in 1997 under an agreement meant to guarantee a high degree of autonomy for 50 years.
Pro-democracy candidates had made unprecedented gains in last year’s district council elections, winning 17 out of 18 councils.
On Friday, Chief Executive Carrie Lam said she would invoke emergency powers to postpone the elections, calling it the “most difficult decision I’ve made over the past seven months”.
“This postponement is entirely made based on public safety reasons, there were no political considerations,” she said.